Gilesgate Community and Welfare Association Registered Charity Number 520770 Financial Statements and Independent Examiner's Report
31 December 2021
Gilesgate Communtiy Welfare Association Annual Report of the Trustees for Year Ended 31 December 2021
| Trustees Report | 1 |
|---|---|
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes | 6 |
Gilesgate Communtiy Welfare Association Annual Report of the Trustees for Year Ended 31 December 2021
Objectives
The object of the Association shall be:-
(a) To promote the benefit of the inhabitants of Gilesgate and the neighbourhood (hereinafter called the "area of benefit" without distinction of sex or of political, religious or other opinions by associating the local authorities, voluntary organisations and the inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
(b) To establish or to secure the establishment of Community Centre facilities and to maintain and manage, or to co-operate with any local statutory authority in the maintenance and management of such facilities for activities promoted by the Association and its constituent bodies in furtherance of the above obejects.
(c) The Association shall be a non-party in politics and non-sectarian in religion. The Association shall have power to affiliate to the National Federation of Community Associations, the Durham County Federation of Community Organisations, and to other organisations with similar charitable objects.
Governing Document
The association is an unincorporated charity whose governing document is a written constitution.
Methods adopted for the recruitment and appointment of new trustees
New trustees are recruited from regular users of the Community Centre. The appointment of new trustees is proposed by the trustees and ratified at the annual general meeting by the members.
Transactions and Financial Position
The financial statements are set out on pages 4 to 7. The financial statements have been prepared implementing the 2005 Revision of the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales (revised in June 2008) and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) . The financial results for the year were dissappointing,
The Statement of Financial Activities show net incoming resources for the year of a revenue nature of £-1,490 (prior year £26,387).
The total reserves at the year end stand at £434,539 (prior year £436,029).
Reserves Policy
The associations policy is to carry six months operating costs plus a variable amount to cover likely future property repairs. This policy has been broadly complied with.
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Gilesgate Communtiy Welfare Association Annual Report of the Trustees for Year Ended 31 December 2021
Trustees Responsibilities
The trustees are required under the Charities Act 2011 to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
(a) select suitable accounting policies and apply them consistently;
(b) make judgements and estimates that are reasonable and prudent;
(c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; (d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report was approved by the trustees on .14 March 2023.
D Beek Chairman
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Gilesgate Communtiy Welfare Association Annual Report of the Trustees for Year Ended 31 December 2021
Registered Charity Number 520770
On accounts for year ended 31 December 2021
Set out on pages 4 to 7
Respective responsibilities of trustees and examiner
As a Charity's trustees you are responsible for the preparation of accounts; you consider that the audit requirement of section 43 (2) of the Charities Act 1993 (the act) does not apply. It is my responsibility to state on the basis of procedures Specified in the General Directions given by the Charity Commissioners under Section 43 (7) (b) of the Act, whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes consideration of any unusual items or disclosures in the accounts, and seeking explanation from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express any audit opinion, on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which give me reasonable cause to believe that in any material respect the requirements
-
: to keep accounting records in accordance with Section 41 of the Act; and
-
: to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met: or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
N A Allen FCA Chartered Accountant
2 Dewhurst Terrace Sunniside Newcastle upon Tyne NE16 5LP 14 March 2023
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Gilesgate Communtiy Welfare Association Annual Report of the Trustees for Year Ended 31 December 2021
| Note Incoming resources Investment income Income from charitable trading 2 Total incoming resources Charitable expenditure Provision of Association Facilities 3 Total resources expended Transfer between funds Movement in total funds Total funds brought forward Total funds carried forward |
Restricted Unrestricted Total Funds Funds Funds 2021 2,021 2021 £ £ £ - - - - 76,421 76,421 - 76,421 76,421 - 58,699 58,699 - 58,699 58,699 - - - - 17,722 17,722 - 436,029 436,029 - 453,751 453,751 |
Total 2,020 £ - 85,301 |
|---|---|---|
| 85,301 | ||
| 58,913 | ||
| 58,913 | ||
| - 26,388 409,642 |
||
| 436,030 |
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Gilesgate Communtiy Welfare Association Annual Report of the Trustees for Year Ended 31 December 2021
| Notes Fixed assets Tangible assets 4 Current assets Debtors 5 Cash at bank and in hand Creditors Amounts falling due within one year 6 Net current assets Total assets less current liabilities Funds Unrestricted 7 |
£ 2,360 76,470 |
2021 £ £ 390,690 2,383 76,547 78,930 11,514 66,061 456,751 456,751 453,751 453,751 |
2021 £ £ 390,690 2,383 76,547 78,930 11,514 66,061 456,751 456,751 453,751 453,751 |
2020 £ 368,613 67,416 |
|---|---|---|---|---|
| 78,830 12,769 |
78,930 11,514 |
|||
| 456,751 | 436,029 | |||
| 456,751 | 436,029 | |||
| 453,751 | 436,029 | |||
| 453,751 | 436,029 |
The financial statements were approved on 14 March 2023.
M Boyd Treasurer
D Beek Chairman
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Gilesgate Communtiy Welfare Association Annual Report of the Trustees for Year Ended 31 December 2021
1 Accounting policies
a) Basis of accounting
The financial statements have been prepared in accordance with all applicable accounting standards, as modified by the Statement of Recommended Practice of Accounting and Reporting issued by the Charity Commissioners for England & Wales, (Charities SORP) and include the results of the charity's operations which are described in the Trustees' Report, all of which are continuing.
b) Depreciation
Depreciation is provided to write off the cost of tangible fixed assets by equal annual instalments over their estimated useful lives as follows:
Freehold Land and Buildings Nil Fixtures, fittings and equipment 25% on the reducing balance
| 2 Income from charitable trading Donation Subscriptions and affiliation fees Grants Hire Vane Tempest Rent Vane Tempest Other income 3 Charitable expenditure Wages and National Insurance Independent examiner's fees Cleaning materials and services Travelling Depreciation Heat, light & lamps Insurances Maintenance & repairs Miscellaneous Postage Legal and professional fees Stationery & printing Advertising Telephone charges General & water rates Training costs |
Restricted Unrestricted £ £ - - - - - 20,701 - - - 55,705 - 15 - 76,421 Restricted Unrestricted £ £ - 5,681 - 300 - 4,959 - 4 - 135 - 18,701 - 5,339 - 20,393 - 205 - - - - - - - - - 1,257 - 1,723 - - - 58,699 |
2021 2020 £ £ - - - - 20,701 29,513 - - 55,705 55,744 15 44 |
|---|---|---|
| 76,421 85,301 |
||
| 2021 2020 £ £ 5,681 5,051 300 300 4,959 4,950 4 - 135 180 18,701 16,509 5,339 5,321 20,393 23,412 205 455 - - - - - - - - 1,257 1,234 1,723 1,501 - - |
||
| 58,699 58,913 |
The average number of employees was 1 (2020:1)
No member of the management committee received remuneration for their services.
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Gilesgate Communtiy Welfare Association Annual Report of the Trustees for Year Ended 31 December 2021
| 4 | Tangible fixed assets | Freehold | Other | Fixtures, | |
|---|---|---|---|---|---|
| Land & | Land & | Fittings | |||
| Buildings | Buildings | & Equipment | Total | ||
| Cost | £ | £ | £ | £ | |
| At 1 January 2021 | 326,404 | 41,668 | 21,093 | 389,165 | |
| Additions | 22,212 | - | - | 22,212 | |
| At 31 December 2021 | 348,616 | 41,668 | 21,093 | 411,377 | |
| Depreciation | |||||
| At 1 January 2021 | - | - | 20,552 | 20,552 | |
| Charge for year | - | - | 135 | 135 | |
| At 31 December 2021 | - | - | 20,687 | 20,687 | |
| Net book value | |||||
| At 31 December 2021 | 348,616 | 41,668 | 406 | 390,690 | |
| At 31 December 2020 | 326,404 | 41,668 | 541 | 368,613 | |
| All tangible fixed assets are for use by the charity | for direct charitable purposes | ||||
| 5 | Debtors and prepayments | 2021 | 2020 | ||
| £ | £ | ||||
| Trade debtors | 2,360 | 2,360 | |||
| Prepayments | - | 23 | |||
| 2,360 | 2,383 | ||||
| 6 | Creditors and accruals | 2021 | 2020 | ||
| £ | £ | ||||
| Other creditors | 8,670 | 8,670 | |||
| Accruals | 4,099 | 2,844 | |||
| 12,769 | 11,514 |
7 Particulars of Individual Funds and analysis of assets and liabilities representing funds
| Tangible Fixed Assets Current Assets Current Liabilities |
Unrestricted Restricted 2021 funds funds Total £ £ £ 390,690 - 390,690 78,830 - 78,830 (12,769) - (12,769) 456,751 - 456,751 |
2020 Total £ 368,613 78,930 (11,514) |
|---|---|---|
| 436,029 |
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