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2022-01-31-accounts

REGISTERED COMPANY NUMBER: 01692937 (England and Wales) REGISTERED CHARITY NUMBER: 513803

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 January 2022

for

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Butterworth Barlow Chartered Accountants Butterworth Barlow House

10 Derby Street Prescot Liverpool Merseyside L34 3LG

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Contents of the Financial Statements for the Year Ended 31 January 2022

Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4 to 5
Notes to the Financial Statements 6 to 11
Detailed Statement of Financial Activities 12 to 13

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Report of the Trustees for the Year Ended 31 January 2022

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 January 2022.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

01692937 (England and Wales)

Registered Charity number

513803

Registered office

The Old Police Station 80 Lark Lane Liverpool Merseyside L17 8UU

Trustees

Mr Alfred Catterall Mr Alan Albert Moore Mr John David Peers Ms Edna Frances Quantrell

Company Secretary

Mr Graham Hale

Independent Examiner

Butterworth Barlow Chartered Accountants Butterworth Barlow House 10 Derby Street Prescot Liverpool Merseyside L34 3LG

Approved by order of the board of trustees on 25 July 2022 and signed on its behalf by:

Mr Graham Hale - Secretary

Page 1

Independent Examiner's Report to the Trustees of St. Michael's & Lark Lane Community Association

Independent examiner's report to the trustees of St. Michael's & Lark Lane Community Association ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Butterworth Barlow Chartered Accountants Prescot L34 3LG

25 July 2022

Page 2

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Statement of Financial Activities for the Year Ended 31 January 2022

----- Start of picture text -----
31.1.22 31.1.21
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 46,854 105,525 152,379 193,597
Other trading activities 2 30,491 11,004 41,495 30,354
Investment income 3 12 - 12 128
Total 77,357 116,529 193,886 224,079
EXPENDITURE ON
Raising funds 1,051 10,992 12,043 12,666
Charitable activities
Governance costs 74,473 123,824 198,297 148,413
Other 9,935 - 9,935 2,025
Total 85,459 134,816 220,275 163,104
NET INCOME/(EXPENDITURE) (8,102) (18,287) (26,389) 60,975
RECONCILIATION OF FUNDS
Total funds brought forward 128,967 164,709 293,676 232,701
TOTAL FUNDS CARRIED FORWARD 120,865 146,422 267,287 293,676
----- End of picture text -----

The notes form part of these financial statements

Page 3

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Balance Sheet 31 January 2022

----- Start of picture text -----
31.1.22 31.1.21
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 7 3,153 103,680 106,833 118,532
CURRENT ASSETS
Debtors 8 2,300 - 2,300 2,300
Cash at bank 116,412 42,742 159,154 173,844
118,712 42,742 161,454 176,144
CREDITORS
Amounts falling due within one year 9 (1,000) - (1,000) (1,000)
NET CURRENT ASSETS 117,712 42,742 160,454 175,144
TOTAL ASSETS LESS CURRENT LIABILITIES 120,865 146,422 267,287 293,676
NET ASSETS 120,865 146,422 267,287 293,676
FUNDS 10
Unrestricted funds 120,865 128,967
Restricted funds 146,422 164,709
TOTAL FUNDS 267,287 293,676
----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 4

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Balance Sheet - continued 31 January 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 25 July 2022 and were signed on its behalf by:

Mr John David Peers - Trustee

The notes form part of these financial statements

Page 5

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Notes to the Financial Statements for the Year Ended 31 January 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. 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.

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 - in accordance with the property Fixtures and fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance

Taxation

The charity is exempt from corporation 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

continued...

Page 6

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Notes to the Financial Statements - continued for the Year Ended 31 January 2022

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
Jumble sales
Rental income
Other income		 31.1.22
31.1.21
£
£
-
1,358
29,515
23,394
11,980
5,602
41,495
30,354
INVESTMENT INCOME
Deposit account interest		 31.1.22
31.1.21
£
£
12
128
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Hire of plant and machinery
Other operating leases		 31.1.22
31.1.21
£
£
12,043
12,666
4,577
4,275
-
551

3. INVESTMENT INCOME

4. NET INCOME/(EXPENDITURE)

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2022 nor for the year ended 31 January 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2022 nor for the year ended 31 January 2021.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
104,261
Other trading activities
25,450
Investment income
128
Total
129,839
EXPENDITURE ON
Raising funds
1,401		 Restricted
fund
£
89,336
4,904
-
94,240
11,265		 Total
funds
£
193,597
30,354
128
224,079
12,666

continued...

Page 7

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Notes to the Financial Statements - continued for the Year Ended 31 January 2022

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Charitable activities
Governance costs
Other
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
7.
TANGIBLE FIXED ASSETS
COST
At 1 February 2021
Additions
At 31 January 2022
DEPRECIATION
At 1 February 2021
Charge for year
At 31 January 2022
NET BOOK VALUE
At 31 January 2022
At 31 January 2021		 Freehold
property
£
335,928
-
335,928
225,876
9,839
235,715
100,213
110,052		 Unrestricted
fund
£
42,446
2,025
45,872
83,967
470
84,437
44,530
128,967
Fixtures
and
fittings
£
71,813
344
72,157
63,990
2,040
66,030
6,127
7,823		 Restricted
fund
£
105,967
-
117,232
(22,992)
(470)
(23,462)
188,171
164,709
Motor
vehicles
£
6,563
-
6,563
5,906
164
6,070
493
657		 Total
funds
£
148,413
2,025
163,104
60,975
-
60,975
232,701
293,676
Totals
£
414,304
344
414,648
295,772
12,043
307,815
106,833
118,532

continued...

Page 8

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Notes to the Financial Statements - continued for the Year Ended 31 January 2022

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued expenses
10.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 At 1.2.21
£
128,967
164,709
293,676
Incoming
resources
£
77,357
116,529
193,886		 31.1.22
31.1.21
£
£
2,300
2,300
31.1.22
31.1.21
£
£
1,000
1,000
Net
movement
At
in funds
31.1.22
£
£
(8,102)
120,865
(18,287)
146,422
(26,389)
267,287
Resources
Movement
expended
in funds
£
£
(85,459)
(8,102)
(134,816)
(18,287)
(220,275)
(26,389)

continued...

Page 9

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Notes to the Financial Statements - continued for the Year Ended 31 January 2022

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.2.20
in funds
£
£
Unrestricted funds
General fund
44,530
83,967
Restricted funds
Restricted fund
188,171
(22,992)
TOTAL FUNDS
232,701
60,975
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
129,839
Restricted funds
Restricted fund
94,240
TOTAL FUNDS
224,079		 Transfers
between
At
funds
31.1.21
£
£
470
128,967
(470)
164,709
-
293,676
Resources
Movement
expended
in funds
£
£
(45,872)
83,967
(117,232)
(22,992)
(163,104)
60,975

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 At 1.2.20
£
44,530
188,171
232,701		 Net
movement
in funds
£
75,865
(41,279)
34,586		 Transfers
between
funds
£
470
(470)
-		 At
31.1.22
£
120,865
146,422
267,287

continued...

Page 10

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Notes to the Financial Statements - continued for the Year Ended 31 January 2022

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
207,196
210,769
417,965		 Resources
Movement
expended
in funds
£
£
(131,331)
75,865
(252,048)
(41,279)
(383,379)
34,586

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2022.

Page 11

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Detailed Statement of Financial Activities for the Year Ended 31 January 2022

----- Start of picture text -----
31.1.22 31.1.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Appeals and donations 33,112 1,634
Government grants 92,489 150,589
Grants - other agencies 26,778 41,374
152,379 193,597
Other trading activities
Jumble sales - 1,358
Rental income 29,515 23,394
Other income 11,980 5,602
41,495 30,354
Investment income
Deposit account interest 12 128
Total incoming resources 193,886 224,079
EXPENDITURE
Other trading activities
Depreciation of tangible fixed assets 12,043 12,666
Charitable activities
Wages & salaries 128,941 106,841
Rent & rates 4,577 4,275
Other operating leases - 551
Insurance 540 3,283
Light and heat 6,131 6,387
Telephone 1,187 1,212
Office expenses 7,450 1,233
Other charitable activities 28,234 11,620
Repairs & maintenance 8,198 1,675
Cleaning 4,392 4,907
Training & subscriptions 3,477 2,051
Sundry expenses 2,997 2,218
196,124 146,253
Other
Travelling costs 9,935 2,025
----- End of picture text -----

This page does not form part of the statutory financial statements

Page 12

ST. MICHAEL'S & LARK LANE COMMUNITY ASSOCIATION

Detailed Statement of Financial Activities for the Year Ended 31 January 2022

----- Start of picture text -----
31.1.22 31.1.21
£ £
Support costs
Governance costs
Accountancy and legal fees 2,173 2,160
Total resources expended 220,275 163,104
Net (expenditure)/income (26,389) 60,975
----- End of picture text -----

This page does not form part of the statutory financial statements

Page 13