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2021-03-31-accounts

REGISTERED CHARITY NUMBER:

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR WYKEN COMMUNITY ASSOCIATION

Harrison Beale & Owen Limited Chartered Accountants Seven Stars House 1 Wheler Road Coventry CV3 4LB

WYKEN 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

WYKEN 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 the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

522918

Principal address

Wyken Community Centre Westmorland Road Wyken Coventry CV2 5PY

Trustees

Mr A Freeman Mr R Griffin Mrs H Ireland Mrs S Pallett Mr R Woods

Independent examiner

Harrison Beale & Owen Limited Chartered Accountants Seven Stars House 1 Wheler Road Coventry CV3 4LB

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its constitution, amended and date 7 April 2013, and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

Trustees are elected by the Committee.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

OBJECTIVES AND ACTIVITIES Objectives and aims

To ascertain the needs of the community and endeavour to fulfil them and promote interest and participation of individuals and organisations in a common effort. The Association also offers facilities to a number of sports and leisure activities, and provides facilities for a nursery.

Significant activities

The activities at the Centre include roller skating, short mat bowls, stage dancing, martial arts, yoga, keep fit, fitness training, U3A activities (including painting classes) and a full time nursery.

The Association works to promote the well being of the community residents in the local area, in association with the local authority, voluntary organisations and residents, to foster a community spirit.

Public benefit

The Trustees have considered the guidance issued by the Charity Commission on public benefit.

Page 1

WYKEN COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES

for the year ended 31 March 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

New events taking place are taster sessions for line dancing with a view to it being a permanent letting. We have had two Ferret shows which will be an annual event.

We took the opportunity to redecorate one of our main halls and have a new floor laid whilst the centre was closed which has improved the room considerably.

FINANCIAL REVIEW

Reserves policy

The Association maintains unrestricted reserves only, which are held, in the main, at the local building society. These are held to meet any unforeseen expenditure which may occur. The charity has no formal reserves policy.

EXPECTED EFFECTS OF COVID-19 FOR THE CURRENT YEAR

Social classes resumed in September 2021 and were quite quiet at the beginning but clients are now returning and numbers are at pre COVID levels. Providing no further restrictions are implemented we are running at full capacity.

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

Mrs H Ireland - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WYKEN COMMUNITY ASSOCIATION

I report on the accounts for the year ended 31 March 2021, which are set out on pages four to five.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. that accounting records were not kept as required by section 130 of the Act; or

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

  3. that the accounts do not comply with the accounting requirements of the Act; or

  4. that there is further information needed for a proper understanding of the accounts.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.

Wayne Gutteridge ACA Harrison Beale & Owen Limited Chartered Accountants Seven Stars House 1 Wheler Road Coventry CV3 4LB

Page 3

WYKEN COMMUNITY ASSOCIATION CHARITY NO. 522918

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

INCOME
Blood service
Nursery
Dance group
Fitness classes
Letting
Ego
Paws & Walks
Interest received
Coventry Council
Art class
U3A
Roller skating
Bowls club
AWLD
LRCC
Rabbits
Bhangra
ExtraCare Charity
Re-enact
Membership subscriptions
Government Grants
Other income
DIRECT CHARITABLE EXPENSES
Repairs and renewals
Heating and lighting
Insurance
Rates and water
Cleaning expenses
New heating and lighting systems
Depreciation
OTHER EXPENSES
Telephone, postage and stationery
Independent Examination fees
Legal fees
Trustees' expenses
Fees and licences
SURPLUS/ (DEFICIT) FOR THE YEAR		 £
£
14,500
7,600
2,828
1,380
1,160
800
216
167
154
150
45
-
-
-
-
-
-
-
-
-
44,500
327
73,827
20,452
16,097
6,301
5,721
987
-
570
(50,128)
1,764
800
-
-
-
(2,564)
21,135
Unrestricted funds
2021		 £
£
3,000
17,880
11,058
12,542
1,840
1,100
3,024
665
440
1,590
650
8,870
6,387
1,835
1,600
1,220
765
500
320
280
-
720
76,286
12,199
24,777
8,066
11,088
3,075
57,060
670
(116,935)
1,415
660
-
-
342
(2,417)
(43,066)
Unrestricted funds
2020		 £
£
3,000
17,880
11,058
12,542
1,840
1,100
3,024
665
440
1,590
650
8,870
6,387
1,835
1,600
1,220
765
500
320
280
-
720
76,286
12,199
24,777
8,066
11,088
3,075
57,060
670
(116,935)
1,415
660
-
-
342
(2,417)
(43,066)
Unrestricted funds
2020
20,452
16,097
6,301
5,721
987
-
570		 12,199
24,777
8,066
11,088
3,075
57,060
670
1,764
800
-
-
-		 1,415
660
-
-
342
(43,066)

Page 4

WYKEN COMMUNITY ASSOCIATION

CHARITY NO. 522918

BALANCE SHEET AS AT 31 MARCH 2021

FIXED ASSETS
Fixtures and fittings
Computer equipment
CURRENT ASSETS
Coventry Building Society
Nationwide Building Society
Lloyds Bank
Cash in hand
TOTAL ASSETS
CURRENT LIABILITES
Accruals
NET ASSETS
REPRESENTED BY:
Unrestricted funds
Accumulated funds		 £
£
3,228
-
3,228
82,115
40,360
49,015
555
172,045
175,273
1,600
1,600
173,673
173,673
173,673
Unrestricted funds
2021		 £
£
3,798
-
3,798
81,990
45,153
21,739
658
149,540
153,338
800
800
152,538
152,538
152,538
Unrestricted funds
2020		 £
£
3,798
-
3,798
81,990
45,153
21,739
658
149,540
153,338
800
800
152,538
152,538
152,538
Unrestricted funds
2020
3,798
149,540
1,600 800
153,338
800
152,538
152,538
152,538

The financial statements were approved by order of the board of trustees on 25 January 2022 and signed on its behalf by:

Mrs H Ireland - Trustee

Page 5