REGISTERED CHARITY NUMBER: 522918
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
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 2023
| 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 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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
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 wellbeing 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.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Once again we are running at nearly full capacity, with some groups leaving us, new ones have replaced them. We also now have the local NHS Trust holding their Bereavement sessions with us. Medieval re-enacting have practice sessions in the grounds. Remote control cars have weekly meetings and a new fitness group of Zumba.
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.
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.
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WYKEN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES for the year ended 31 March 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 522918
Principal address Wyken Community Centre Westmorland Road Wyken Coventry CV2 5PY
Trustees
Mrs H Ireland Mr R Griffin Mr R Woods Mr S Benson Mrs L Benson
Independent Examiner
Harrison Beale & Owen Limited Chartered Accountants Seven Stars House 1 Wheler Road Coventry CV3 4LB Approved by order of the board of trustees on 15 January 2024 and signed on its behalf by:
Mrs H Ireland - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WYKEN COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of Wyken Community Association
I report to the charity trustees on my examination of the accounts of Wyken Community Association (the Charity) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Charity 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 Charity’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 Charity as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Wayne Gutteridge ACA
Harrison Beale & Owen Limited Chartered Accountants Seven Stars House 1 Wheler Road Coventry CV3 4LB
15 January 2024
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WYKEN COMMUNITY ASSOCIATION CHARITY NO. 522918
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023
| INCOME Nursery Roller skating Taekwon-Do Dance group Blood service Bowls club Aikido LRCC Art class Rabbits Ego Benson dance Mel P Fitness Interest received Yoga Zumba Garages U3A Fish show Letting Re-enact Zoe's place Charity Coventry Council Other income Weight-training Bhangra JHPT Covent Fair Membership subscriptions DIRECT CHARITABLE EXPENSES Repairs and renewals Heating and lighting Insurance Rates and water Cleaning expenses Depreciation OTHER EXPENSES Telephone, postage and stationery Independent Examination fees Fees and licences Sundry expenses SURPLUS/ (DEFICIT) FOR THE YEAR |
£ £ 21,740 9,691 9,460 8,775 7,750 6,283 2,650 2,300 1,840 1,600 1,375 1,245 1,183 1,090 1,072 1,065 960 765 600 360 330 300 200 165 100 45 - - - 82,944 35,931 12,541 7,326 7,104 2,752 617 (66,271) 1,804 640 196 582 (3,222) 13,451 Unrestricted funds 2023 |
£ £ 16,720 3,585 7,095 7,936 13,400 3,681 1,000 - 1,410 920 1,000 910 785 116 704 720 880 180 - 80 460 300 12,200 230 100 335 2,160 100 210 77,217 32,715 4,458 6,568 5,531 2,775 727 (52,774) 1,088 846 285 - (2,219) 22,224 Unrestricted funds 2022 |
£ £ 16,720 3,585 7,095 7,936 13,400 3,681 1,000 - 1,410 920 1,000 910 785 116 704 720 880 180 - 80 460 300 12,200 230 100 335 2,160 100 210 77,217 32,715 4,458 6,568 5,531 2,775 727 (52,774) 1,088 846 285 - (2,219) 22,224 Unrestricted funds 2022 |
|---|---|---|---|
| 35,931 12,541 7,326 7,104 2,752 617 |
32,715 4,458 6,568 5,531 2,775 727 |
||
| 1,804 640 196 582 |
1,088 846 285 - |
||
| 22,224 |
Page 4
WYKEN COMMUNITY ASSOCIATION CHARITY NO. 522918
BALANCE SHEET AS AT 31 MARCH 2023
| 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 |
£ £ 3,501 - 3,501 108,081 - 98,542 24 206,647 210,148 800 800 209,348 209,348 209,348 Unrestricted funds 2023 |
£ £ 4,118 - 4,118 82,204 24,789 86,064 322 193,379 197,497 1,600 1,600 195,897 195,897 195,897 Unrestricted funds 2022 |
£ £ 4,118 - 4,118 82,204 24,789 86,064 322 193,379 197,497 1,600 1,600 195,897 195,897 195,897 Unrestricted funds 2022 |
|---|---|---|---|
| 4,118 193,379 |
|||
| 800 | 1,600 | ||
| 197,497 1,600 |
|||
| 195,897 | |||
| 195,897 | |||
| 195,897 |
The financial statements were approved by the Board of Trustees and authorised for issue on 15 January 2024 and were signed on its behalf by:
Mrs H Ireland - Trustee
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