**Charity Registration No. 521467** **MEASHAM COMMUNITY & RECREATION CENTRE** # **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2023** ## **MEASHAM COMMUNITY & RECREATION CENTRE** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Measham Parish Council **Charity number** 521467 ## **Registered office** ## **Accountants** High Street Measham Swadlincote Derbyshire DE12 7HR TaxAssist Accountants 2B Derby Road Ashby De La Zouch Leicestershire LE65 2HE **MEASHAM COMMUNITY & RECREATION CENTRE** ## **CONTENTS** ||**Page**| |---|---| |Trustees report|1| |Independent examiners' report|2| |Statement of financial activities|3| |Summary income and expenditure account|4| |Balance sheet|5| |Notes to the accounts|6 - 9| ## **MEASHAM COMMUNITY & RECREATION CENTRE** ## **TRUSTEES REPORT** ## _**FOR THE YEAR ENDED 31 MARCH 2023**_ The Trustees present their report and accounts for the year ended 31 March 2023. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005. ## **Structure, governance and management** The Measham Community & Recreation Centre is constituted under a a trust of deed dated 13[th] May 1965 and is a registered charity number 521467. The Trustees has assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. ## OBJECTIVES AND ACTIVITIES The Objectives of the Charity in the period under review are, in the interest of social welfare, to improve the conditions of life of the inhabitants of the area by the provision and maintenance of a community hall and recreation ground. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities they should undertake. ## FINANCAL OBJECTIVES It is the policy of the that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. On behalf of the board of Trustees : .............................. Trustee Dated: ......................... - 1 - ## **MEASHAM COMMUNITY & RECREATION CENTRE** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MEASHAM COMMUNITY & RECREATION CENTRE** I report on the accounts of the for the year ended 31 March 2023, which are set out on pages 3 to 9. ## **Respective responsibilities of Trustees and examiner** The Trustees, who are also the directors of Measham Community & Recreation Centre for the purposes of company law, are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, the 2011 Act, and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - (i) examine the accounts under section 145 of the 2011 Act; - (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - (iii) to state 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 Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations 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 no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** - (a) which gives me reasonable cause to believe that in any material respect the requirements: - (i) to keep accounting records in accordance with section 386 of the Companies Act 2006; and - (ii) to prepare accounts which accord with the accounting records, comply with the accounting requirements of 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities; - (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## TaxAssist Accountants 2 Derby Road Ashby De La Zouch Leicestershire LE65 2HE Dated: ......................... - 2 - ## **MEASHAM COMMUNITY & RECREATION CENTRE** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** |||**Unrestricted**|**Restricted**|**Endowment**|**Endowment**|**Total**|Total| |---|---|---|---|---|---|---|---| |||**funds**|**funds**||**funds**|**2023**|2022| ||**Notes**|
**£**|**£**||**£**|**£**|£| |**Incoming resources from generated funds**|||||||| |Activities for generating funds|**2**|**119,696**|
-||**-**|**119,696**|303,356| |Investment income|**3**|**-**|**-**||**-**|**-**|-| ||**4**|**-**||**-**|**-**|-|-| |Incoming resources from|||||||| |charitable activities||**-**|**2,640**||**-**|**2,640**|53,390| |**Total incoming resources**||**119,696**|
**2,640**||-|**122,336**|357,746| |**Resources expended**|**5**||||||| |**Costs of generating funds**|||||||| |Fundraising trading: costs of|||||||| |goods sold||**-**||**-**|**-**|**-**|2,780| |**Net incoming resources available**||**119,696**|**2,640**||**-**|**122,336**|354,966| |**Charitable activities**|||||||| |Sports Facilities||~~**-**~~|||||| |Governance costs||**189,515**|**25,995**||**-**|**215,510**
|154,764| |**Total resources expended**||**189,515**|**25,995**||**-**|**215,510**|154,764| |-|||||||| |**Net movement in funds**||**(69,819)**|**(23,355)**||**-**|**(93,174)**|287,802| |Fund balances at 1 April 2022||**1,076,718**|**193,169**||**546**|**1,270,433**|1,164,106| |**Fund balances at 31 March 2023**||**1,006,899**|**169,419**||**546**|**1,176,854**|1,270,433| - 3 - ## **MEASHAM COMMUNITY & RECREATION CENTRE** ## **SUMMARY INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2023**_ |Total income
Total expenditure from income funds
**Net expenditure / Income for the year**
**STATEMENT OF RECOGNISED GAINS AND LOSSES**
**Net expenditure for the year**
Net movement on endowment funds
Note: Depreciation represents £27,644, (£27,644 - 2022).|**2023**
**£**
**122,336**
**191,760**
**(69,424)**
**(69.424)**
**-**
**(69,424)**|2022
£
357,746
105,848
251,898
251,898
**-**
251,898| |---|---|---| - 4 - ## **MEASHAM COMMUNITY & RECREATION CENTRE** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2023**_ |**Notes**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Stocks
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**12**

**Net current assets**
**Total assets less current liabilities**
**Capital funds**
Endowment funds
**Income funds**
Restricted funds
Unrestricted funds|**2023**
**£**
**£**
**786,122**
**2,000**
**394,519**
**396,519**

**(5,787)**
**390,732**
**1,176,854**
**546**
**193,169**
**983,139**
**1,176,854**|2022
£
£
813,766
1,600
-
458,039
459,639
(2,973)
456,666
1,270,433
546
193,169
1,076,718
1,270,433| |---|---|---| The accounts were approved by the Trustees on ......................... .............................. ## **Trustee** - 5 - ## **MEASHAM COMMUNITY & RECREATION CENTRE** ## **NOTES TO THE ACCOUNTS** ## _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **1 Accounting policies** ## **1.1 Basis of preparation** The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Companies Act 2006. ## **1.2 Tangible fixed assets and depreciation** Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Freehold land is not depreciated Freehold buildings 2% on Cost Fixtures, fittings & equipment 10% on reducing balance ## **8 Trustees** None of the Trustees (or any persons connected with them) received any remuneration during the year. ## **9 Employees** Employees during the Year : 5 ## **Employment costs** Wages and salaries **2023** 2022 **£** £ **60,698** 57,286 - 6 - ## **MEASHAM COMMUNITY & RECREATION CENTRE** ## **NOTES TO THE ACCOUNTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2023**_ |**10**
**Tangible Fixed Assets**
**Cost**
**At 1 April 2022 and at 31 March 2023**
**Depreciation**
At 1 April 2022
Charge for the year
**At 31 March 2023**
**Net book value**
**At 31 March 2023**

At 31 March 2022
**11**
**Debtors**
Other debtors
Trade debtors
**12**
**Creditors: amounts falling due within one year**
Taxes and social security costs
Other Creditors
|**Land and Fixtures,**
**buildings fittings &**
**equipment**
**£**
**£**
**1,304,100**
**126,693**
505,958
109,333
26,082
1,562
**532,940**
**110,069**
**772,060**
**14,062**
798,142
15,624
**2022**
**£**
**-**
**-**
**2023**
**£**
**1,546**
**4,241**|**Total**
**£**
**1,430,793**
615,291
27,644
**643,009**
**786.122**
813,766
2021
£
-
-
2022
£
1,129
1,844| |---|---|---| |||| |||| |||| - 7 - ## **MEASHAM COMMUNITY & RECREATION CENTRE** ## **NOTES TO THE ACCOUNTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2023**_ |**13**|**Analysis of net assets between funds**||||| |---|---|---|---|---|---| ||||||**Total**| |||**£**|**£**|**£**|**£**| ||Fund balances at 31 March 2023 are||||| ||represented by:||||| ||Tangible fixed assets|786,122|-|-|**786,122**| ||Current assets|396,519|-|-|**396,519**| ||Creditors: amounts falling due within one||||| ||year|(5.787)|-|-|**(5,787)**| ||Restricted Funds|-|-|-|-| ||||||**1,176.854**| - 8 -