REGISTERED CHARITY NUMBER: 503964
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
Musker & Garrett Limited Chartered Accountants Edward House North Mersey Business Centre Knowsley Industrial Park Liverpool Merseyside L33 7UY
ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Principal activities & review
The principal activities of the charity are the promotion of older peoples activities, adult education and enhancing peoples lives in the local area.
The Community Centre offers an accessible, welcoming and friendly venue with a wide range of activities such as: Over 50s group, health/well-being events, learning circles, adult education classes, senior citizens social activities, mental health drop-ins, craft groups, arts/IT projects, light exercise sessions, signposting service, user groups and a meeting place and community resource for local residents groups.
During the year the charity has obtained grants from the local authorities for core costs and has continued with its main activities the results of which can be seen in the following statements. We have referred to the guidance contained in the Charity Commissioner's general guidance on public benefit when reviewing our aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
ACHIEVEMENT AND PERFORMANCE
During the year grants received from Local Authorities and Institutions increased by £10,933 compared with the previous year (see note 3 to the financial statements). The association's governance costs remained constant and the charitable activities decreased by £1,638. This together with the increase in grants mentioned above resulted in Net Income Resources amounting to £17,253 compared with Net Expenditure Resources of £8,383 in the previous year.
FINANCIAL REVIEW
Reserves policy
The trustees plan to hold approximately three months unrestricted expenditure as free reserves. Free reserves are defined as the total unrestricted funds less the carrying value of Land and Buildings.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
Applications for trusteeship are sought by the personal recommendation of existing trustees or users of the charity's facilities. A trustee is appointed at a general meeting having been recommended by a serving trustee and appropriate notice to members eligible to vote has been given. A simple majority of members eligible to vote is required to appoint the trustee.
Induction and training of new trustees
New trustees receive information regarding the charity including previous years financial information, officers reports and organisational structure. They obtain training by experience of various functional committee meetings.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
503964
Page 1
ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
Principal address 6 Moss Lane Orrell Park Liverpool Merseyside L9 8AJ
Trustees
Mrs M B Manwell J D Manwell Reverend L Nuttall Mrs R W Nuttall L Hughes Mrs C A Atkinson
Independent Examiner R Musker FCA Institute of Chartered Accountants in England and Wales Musker & Garrett Limited Chartered Accountants Edward House North Mersey Business Centre Knowsley Industrial Park Liverpool Merseyside L33 7UY
Approved by order of the board of trustees on 16 December 2021 and signed on its behalf by:
Mrs R W Nuttall - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of Orrell Park & District Community Association
I report to the charity trustees on my examination of the accounts of Orrell Park & District Community Association (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
R Musker FCA Institute of Chartered Accountants in England and Wales Musker & Garrett Limited Chartered Accountants Edward House North Mersey Business Centre Knowsley Industrial Park Liverpool Merseyside L33 7UY
16 December 2021
Page 3
ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Charitable activities 3 Grants received - Other trading activities 2 172 Total 172 EXPENDITURE ON Raising funds - Charitable activities Grants received - Charitable activities - Total - NET INCOME 172 RECONCILIATION OF FUNDS Total funds brought forward 275,961 TOTAL FUNDS CARRIED FORWARD 276,133 |
Restricted funds £ 77,643 - 77,643 84 186 60,292 60,562 17,081 21,795 38,876 |
2021 Total funds £ 77,643 172 77,815 84 186 60,292 60,562 17,253 297,756 315,009 |
2020 Total funds £ 66,710 3,164 |
|---|---|---|---|
| 69,874 112 - 61,379 |
|||
| 61,491 | |||
| 8,383 289,373 |
|||
| 297,756 |
The notes form part of these financial statements
Page 4
ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
BALANCE SHEET
31 March 2021
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 250,238 CURRENT ASSETS Cash at bank and in hand 25,895 CREDITORS Amounts falling due within one year 7 - NET CURRENT ASSETS 25,895 TOTAL ASSETS LESS CURRENT LIABILITIES 276,133 NET ASSETS 276,133 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 382 41,234 (2,740) 38,494 38,876 38,876 |
2021 Total funds £ 250,620 67,129 (2,740) 64,389 315,009 315,009 276,133 38,876 315,009 |
2020 Total funds £ 250,747 49,089 (2,080) 47,009 297,756 297,756 275,961 21,795 297,756 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 16 December 2021 and were signed on its behalf by:
R W Nuttall - Trustee
The notes form part of these financial statements
Page 5
ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Charitable activities
Charitable expenditure includes the costs of service delivery and depreciation of related assets.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Freehold property | - not provided |
|---|---|
| Plant and machinery | - 25% on reducing balance |
| Fixtures and fittings | - 25% on reducing balance |
| Computer equipment | - 25% on reducing balance |
The charity uses the cost model for land and buildings held.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
2. OTHER TRADING ACTIVITIES
| Bank interest Rent received Other charitable income 3. INCOME FROM CHARITABLE ACTIVITIES Activity Grants Grants received Liverpool City Council CRU - Utilities Big Lottery Fund - Reaching Communities Revenue Costs Age Concern Steve Morgan Foundation Charles Brotherton Trust Garfield Weston Foundation |
2021 £ 7 165 - 172 2021 £ 77,643 |
2020 £ 32 1,373 1,759 3,164 2020 £ 66,710 |
||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| 5,000 | 5,000 | |||
| 52,235 | 26,118 | |||
| - | 600 | |||
| 20,208 | 24,792 | |||
| 200 | 200 | |||
| - | 10,000 | |||
| 77,643 | 66,710 | |||
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2021 | 2020 | |
|---|---|---|
| Administration | 3 | 3 |
No employees received emoluments in excess of £60,000.
continued...
Page 7
ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
6. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|
| COST At 1 April 2020 and 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
Freehold property £ 250,000 - - - 250,000 250,000 |
Plant and machinery £ 6,654 6,605 8 6,613 41 49 |
Fixtures and fittings £ 19,852 19,373 85 19,458 394 479 |
Computer equipment £ 14,469 14,250 34 14,284 185 219 |
Totals £ 290,975 |
| 40,228 127 |
|||||
| 40,355 | |||||
| 250,620 | |||||
| 250,747 |
Included in cost or valuation of land and buildings is freehold land of £250,000 (2020 - £250,000) which is not depreciated.
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Taxation and social security Other creditors MOVEMENT IN FUNDS Unrestricted funds General fund Designated fund Restricted funds Other Restricted Fund Big Lottery Fund - Revenue Costs TOTAL FUNDS |
At 1/4/20 £ 263,309 12,652 275,961 8,070 13,725 21,795 297,756 |
2021 £ - 550 2,190 2,740 Net movement in funds £ 172 - 172 (4,181) 21,262 17,081 17,253 |
2020 £ 3 - 2,077 2,080 At 31/3/21 £ 263,481 12,652 |
2020 £ 3 - 2,077 |
|---|---|---|---|---|
| 2,080 | ||||
| 276,133 3,889 34,987 |
||||
| 38,876 | ||||
| 315,009 |
8. MOVEMENT IN FUNDS
continued...
Page 8
ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 172 | - | 172 |
| Restricted funds | |||
| Other Restricted Fund | 25,408 | (29,589) | (4,181) |
| Big Lottery Fund - Revenue Costs | 52,235 | (30,973) | 21,262 |
| 77,643 | (60,562) | 17,081 | |
| TOTAL FUNDS | 77,815 | (60,562) | 17,253 |
Comparatives for movement in funds
| Unrestricted funds General fund Designated fund Restricted funds Other Restricted Fund Big Lottery Fund - Revenue Costs TOTAL FUNDS |
At 1/4/19 £ 260,145 12,652 272,797 17,484 (908) 16,576 289,373 |
Net movement in funds £ 3,164 - 3,164 (9,414) 14,633 5,219 8,383 |
At 31/3/20 £ 263,309 12,652 |
|---|---|---|---|
| 275,961 8,070 13,725 |
|||
| 21,795 | |||
| 297,756 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,164 | - | 3,164 |
| Restricted funds | |||
| Other Restricted Fund | 40,592 | (50,006) | (9,414) |
| Big Lottery Fund - Revenue Costs | 26,118 | (11,485) | 14,633 |
| 66,710 | (61,491) | 5,219 | |
| TOTAL FUNDS | 69,874 | (61,491) | 8,383 |
continued...
Page 9
ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Designated fund Restricted funds Other Restricted Fund Big Lottery Fund - Revenue Costs TOTAL FUNDS |
At 1/4/19 £ 260,145 12,652 272,797 17,484 (908) 16,576 289,373 |
Net movement in funds £ 3,336 - 3,336 (13,595) 35,895 22,300 25,636 |
At 31/3/21 £ 263,481 12,652 |
|---|---|---|---|
| 276,133 3,889 34,987 |
|||
| 38,876 | |||
| 315,009 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,336 | - | 3,336 |
| Restricted funds | |||
| Other Restricted Fund | 66,000 | (79,595) | (13,595) |
| Big Lottery Fund - Revenue Costs | 78,353 | (42,458) | 35,895 |
| 144,353 | (122,053) | 22,300 | |
| TOTAL FUNDS | 147,689 | (122,053) | 25,636 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 10
ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Bank interest | 7 | 32 |
| Rent received | 165 | 1,373 |
| Other charitable income | - | 1,759 |
| 172 | 3,164 | |
| Charitable activities | ||
| Grants | 77,643 | 66,710 |
| Total incoming resources | 77,815 | 69,874 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Postage and stationery | 84 | 112 |
| Charitable activities | ||
| Wages | 48,766 | 45,775 |
| Repairs & renewals | 662 | 2,073 |
| Charitable activities | 186 | 3,092 |
| Depreciation of tangible fixed assets | 127 | 169 |
| 49,741 | 51,109 | |
| Support costs | ||
| Management | ||
| Utilities | 5,077 | 4,911 |
| Insurance | 1,341 | 1,246 |
| Telephone | 1,077 | 1,055 |
| Professional fees | 25 | 25 |
| Sundries | 662 | 569 |
| 8,182 | 7,806 | |
| Governance costs | ||
| Accountancy and legal fees | 1,986 | 1,998 |
| Payroll costs | 569 | 466 |
| 2,555 | 2,464 | |
| Total resources expended | 60,562 | 61,491 |
| Net income | 17,253 | 8,383 |
This page does not form part of the statutory financial statements
Page 11