REGISTERED CHARITY NUMBER: 522982
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
FOR
POTTERS GREEN COMMUNITY ASSOCIATION
Luckmans Duckett Parker Limited Chartered Accountants Statutory Auditors 1110 Elliott Court Herald Avenue Coventry Business Park Coventry West Midlands CV5 6UB
POTTERS GREEN COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 June 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Report of the Independent Auditors | 5 | to | 8 |
| Statement of Financial Activities | 9 | ||
| Balance Sheet | 10 | ||
| Notes to the Financial Statements | 11 | to | 16 |
| Detailed Statement of Financial Activities | 17 | to | 18 |
POTTERS GREEN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES for the year ended 30 June 2023
The trustees present their report with the financial statements of the charity for the year ended 30 June 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
The Association is established to promote the advancement of education and the provision of facilities in the interest of social welfare for recreation and leisure-time occupation, with the objective of improving conditions of life and the provision of a community centre to members of the local community.
We also aim to provide a safe environment for all of the local community when the facilities are used. This includes the running of the daily Playgroup / Nursery function, the Brownies, Irish Dancing for children (ageing from 3 years of age to young adults), the Tuesday club which is used for senior citizens, and other members of the local community that use the premises. All of the above activities are held in either the main function hall or the lounge and bar area. The main function hall is situated next to the fully refurbished lounge and bar area, and is separated by a small corridor.
The Association also supports various amateur sporting sections which enable people of all ages to develop physically, mentally and socially. These sections include Football teams, Crown Green Bowling Teams, Domino Teams, Darts Teams and a Snooker Team.
In setting our objectives and planning our activities our Trustees have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to the advancement of community development and amateur sports.
Significant activities
The key objectives for the year included:
Enhance the reputation of the Association and its facilities to attract children and ladies to join one or more of the sporting sections within the Association.
Increase the number of people to use the facilities available within or from the Association.
Support local and national charities by raising money from sponsored events and making donations to those charities.
Play our part in the life of our local community through our community access.
Page 1
POTTERS GREEN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES for the year ended 30 June 2023
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The year ended 30 June 2023 saw a return to relative normality, after two extremely tough years for both the Association and Social club, with two lockdowns, furloughing staff, covid restrictions etc.
Our operating costs had to be addressed and changes made to the way we operate (In other words minimum spend), which have continued in to the current year.
Despite minimum spend, we have, with Jackie's help with our spend, managed to install new flooring in the games room, both corridors and refurbished the disabled toilet. and also managed to undertake some quite significant repairs and maintenance projects outside of the Community Centre and Social Club, to improve access and increase safety for all of our members.
We still also provide free Wi-Fi, Sky / BT sport and Saturday/Sunday entertainment, which will continue.
I'm extremely grateful to our finance manager Jackie McGowan for all her hard work for both the Community Association and the Social Club.
A big thank you to all of our members for their continued and increasing support.
Plans are now awaiting approval for the proposed Medical Centre, reconfigured car parking and revised access arrangements I have a copy of the plans if anyone wants to take a look.
Our lease ran out on the 23rd September 2023. We have been in negotiations with Coventry City Council since last May. Surveyors have been to the premises, measured up and viewed our floor plan.
My thanks also to Gordon and Vicki Wright, Martin Hayter and Kevin Pilgrim for all their hard work in maintaining our bowling green.
FINANCIAL REVIEW
Principal funding sources
The charity has two principal funding sources. The first is the occupation license paid by the Social Club to the charity and the second relates to the fees received for the running of the community play group.
Investment policy and objectives
Under the constitution of the association, the charity has the powers to make any investment, which the management committee see fit.
The management committee are aware of the major strategic, business and operational risks the charity faces and are establishing the systems to enable the necessary steps to be taken to lessen these risks.
Reserves policy
The reserves are being built up to cover the cost of the Fixed Assets of the Charity and to cover an intended working capital float of £25,000. Total reserves are £134,231 of which Fixed Assets are £118,784 the reserve will be built up over the next few years to cover the Fixed Assets and the working capital float in full.
Results
The net incoming resources of the year amounted to £290,572 with £329,442 being used on unrestricted projects and the deficit of £38,870 being transferred to general reserves.
FUTURE PLANS
The trustees are continuing to improve the facilities at the Community Centre, and are looking at all viable options to do this.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable association governed by its own constitution adopted on 17th September 1962, as amended on 12th June 1988 and on 14th September 1988.
Page 2
POTTERS GREEN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES for the year ended 30 June 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The Trustees are appointed or reappointed each year by the members of the Association at the Annual General Meeting held in September.
The Trustees are responsible for the overall management and control of Potters Green Community Association and meet approximately four times a year.
The Trustees give up their time freely to carry out their duties and these coincide with the principals of the Governing Objectives which are stated within the Constitution last updated on 14th September 1988.
There have been no changes of Trustees within the last financial year.
We as trustees have no planned changes to the governing objects, aims or objectives and have done our very best in supporting our charity philosophy.
We will continue to run the Community Centre in line with our documented Governing Objectives.
Organisational structure
The day to day running of the Association is delegated to the Management Committee who like the Trustees are appointed or reappointed each year by the members of the Association at the Annual General Meeting. The Management Committee meet once every fortnight.
The Management Committee give up their time freely to carry out their duties and these coincide with the principals of the Governing Objectives which are stated within the Constitution last updated on 14th September 1988.
All administration details on The Charity Commission Registration Website have been changed in line with present structure and management of The Community Association.
The Chairman oversees the recruitment of all staff who are associated with paid jobs at the Association.
Induction and training of new trustees
New Trustees will be given a copy of the Charity Commission's guide to public benefit and in particular the references to "The principles to public benefit" and "Meeting the public benefit requirement" as part of their induction.
Related parties
The charity has a sister organisation, Potters Green Social Club. This charity receives an occupation license from this organisation.
The charity does not have financial relationship with any of the Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
522982
Principal address
Wigston Road Potters Green Coventry West Midlands CV2 2QR
Trustees
T Liggins P Williams
Page 3
POTTERS GREEN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES for the year ended 30 June 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Luckmans Duckett Parker Limited Chartered Accountants Statutory Auditors 1110 Elliott Court Herald Avenue Coventry Business Park Coventry West Midlands CV5 6UB
Bankers
Santander BBAM Bridle Road Bootle Merseyside G1R 0AA
Solicitors
Rotherham & Co 8-9 The Quadrant Coventry
Management committee
Chairman - D M Prestwich Secretary - P Brown
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. P Williams - Trustee
Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF POTTERS GREEN COMMUNITY ASSOCIATION
Opinion
We have audited the financial statements of Potters Green Community Association (the 'charity') for the year ended 30 June 2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 30 June 2023 and of its incoming resources and application of resources, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
-
the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF POTTERS GREEN COMMUNITY ASSOCIATION
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF POTTERS GREEN COMMUNITY ASSOCIATION
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
-
reference to past history and experience of the Entity,
-
enquiry of management, including obtaining and reviewing supporting documentation concerning the Entity's procedures relating to:
-
identifying and complying with laws and regulations and whether they were aware of any instances of non-compliance;
-
detection and response to risk of fraud and whether they were aware of any actual or suspected instances of fraud.
-
assessment of the controls and processes that the Entity has in place to mitigate risk
Our assessments included the identification of the following potential areas for fraud:
-
Management override of control;
-
Revenue recognition.
We design audit procedures by tailored and directed testing to aid and support the level of determined level of risk. In response to the assessed risk we plan audit tests and procedures that target specific areas where misstatement may occur. These procedures and the extent to which they are capable of detecting irregularities, including fraud, are detailed below:
-
We critically assessed the appropriateness and tested the application of the revenue and cost recognition policies
-
We tested the appropriateness of accounting journals and other adjustments made in the preparation of the financial statements
-
We reviewed the Entity's accounting policies for non-compliance with relevant standards.
-
We made enquiries of management and reviewed correspondence with the relevant authorities to identify any irregularities or instances of non-compliance with laws and regulations
In performing an audit in accordance with UK GAAP, we exercise professional judgement and maintain professional scepticism throughout the audit process.
The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion or override of internal controls. There are inherent limitations in the audit procedures performed.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF POTTERS GREEN COMMUNITY ASSOCIATION
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Luckmans Duckett Parker Limited Chartered Accountants Statutory Auditors 1110 Elliott Court Herald Avenue Coventry Business Park Coventry West Midlands CV5 6UB
Date: .............................................
Page 8
POTTERS GREEN COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 8,815 Charitable activities 3 Play group 165,516 Community centre 8,347 Investment income 2 107,894 Total 290,572 EXPENDITURE ON Charitable activities Play group 235,778 Social club 64,100 Community centre 29,564 Total 329,442 NET INCOME/(EXPENDITURE) (38,870) RECONCILIATION OF FUNDS Total funds brought forward 173,101 TOTAL FUNDS CARRIED FORWARD 134,231 |
2022 Total funds £ 4,254 156,100 6,522 80,297 247,173 201,026 37,509 16,966 255,501 (8,328) 181,429 173,101 |
|---|---|
The notes form part of these financial statements
Page 9
POTTERS GREEN COMMUNITY ASSOCIATION
BALANCE SHEET 30 June 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 118,784 CURRENT ASSETS Stocks 8 150 Debtors 9 - Cash at bank and in hand 71,007 71,157 CREDITORS Amounts falling due within one year 10 (55,710) NET CURRENT ASSETS 15,447 TOTAL ASSETS LESS CURRENT LIABILITIES 134,231 NET ASSETS 134,231 FUNDS 11 Unrestricted funds 134,231 TOTAL FUNDS 134,231 |
2022 Total funds £ 146,681 150 20,946 27,708 48,804 (22,384) 26,420 173,101 173,101 173,101 173,101 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. P Williams - Trustee
............................................. T Liggins - Trustee
The notes form part of these financial statements
Page 10
POTTERS GREEN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared on a going concern basis. The charity relies on receiving payment for the occupation license from Potters Green Social Club to enable it to meet its cash requirements.
The Potters Green Social Club is relying on its trading performance to be able to make payment to this charity. The Trustees consider that the Potters Green Social Club will continue to improve its trading performance and that the cash needs of this charity can be met.
The trustees consider that the charity will continue as a going concern.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
-
the requirements of Section 7 Statement of Cash Flows;
-
the requirement of paragraph 3.17(d).
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.
Allocation and apportionment of costs
Support costs are allocated to charitable activities on the basis of usage of hall space by the relevant charitable activity.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Unexpired Term of Lease Improvements to property - Unexpired Term of Lease Plant and machinery - 20% on reducing balance and 10% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Page 11
continued...
POTTERS GREEN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2023
1. ACCOUNTING POLICIES - continued
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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Occupation licence | 107,894 | 80,297 |
Investment income is received in the form of an occupation licence from its sister organisation, Potters Green Social Club.
The occupation licence constitutes the net surplus realised by the Social Club each financial year, the Social Club pays this to the charity in return for provision of premises and all associated costs.
3.
INCOME FROM CHARITABLE ACTIVITIES
| INCOME FROM CHARITABLE ACTIVITIES | ||
|---|---|---|
| Activity Playgroup income Play group Hall hire Community centre Snooker table Community centre Dance Community centre Entertainment Community centre |
2023 £ 165,516 5,820 744 820 963 173,863 |
2022 £ 156,100 3,955 329 810 1,428 |
| 162,622 |
4. SUPPORT COSTS
| Governance Management costs £ £ Play group 38,703 4,023 Social club 58,064 6,036 Community centre 19,358 2,012 116,125 12,071 |
Totals £ 42,726 64,100 21,370 |
|---|---|
| 128,196 |
Page 12
continued...
POTTERS GREEN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2023
4. SUPPORT COSTS - continued
Activity Basis of allocation Management Support costs allocated one third to playgroup, half to social club, and one sixth to community activities. Governance costs Support costs allocated one third to playgroup, half to social club, and
one sixth to community activities.
Support costs, included in the above, are as follows:
Management
| Rates and water Insurance Light and heat Telephone, broadband and bundled services Postage and stationery Cleaning Repairs and renewals HR support Bank charges Depreciation of tangible and heritage assets Governance costs Auditors' remuneration Auditors' remuneration for non audit work |
Play group £ 2,681 2,505 11,169 3,338 11 2,272 5,873 448 298 10,108 38,703 Play group £ 2,743 1,280 4,023 |
Social club £ 4,022 3,758 16,756 5,008 16 3,408 8,809 673 446 15,168 58,064 Social club £ 4,116 1,920 6,036 |
Community centre £ 1,341 1,253 5,586 1,670 5 1,136 2,937 224 149 5,057 19,358 Community centre £ 1,372 640 2,012 |
2023 Total activities £ 8,044 7,516 33,511 10,016 32 6,816 17,619 1,345 893 30,333 116,125 2023 Total activities £ 8,231 3,840 12,071 |
2022 Total activities £ 10,115 7,519 18,587 3,292 50 8,256 1,033 1,752 746 20,667 72,017 2022 Total activities £ 2,500 500 3,000 |
|||
|---|---|---|---|---|---|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.
Page 13
continued...
POTTERS GREEN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2023
6. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| Wages and salaries Social security costs Other pension costs |
2023 £ 167,756 4,211 4,102 176,069 |
2022 £ 153,959 3,577 3,378 |
| 160,914 |
The average monthly number of employees during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| Play group | 11 | 11 |
No employees received emoluments in excess of £60,000.
There were no high paid staff for the years ending 30 June 2021 and 30 June 2020.
7. TANGIBLE FIXED ASSETS
| COST At 1 July 2022 Additions At 30 June 2023 DEPRECIATION At 1 July 2022 Charge for year At 30 June 2023 NET BOOK VALUE At 30 June 2023 At 30 June 2022 STOCKS Stocks |
Improvements Short to leasehold property £ £ 143,560 172,132 - - 143,560 172,132 57,725 147,653 1,981 24,479 59,706 172,132 83,854 - 85,835 24,479 |
Plant and machinery £ 237,714 2,436 240,150 201,347 3,873 205,220 34,930 36,367 2023 £ 150 |
Totals £ 553,406 2,436 |
|---|---|---|---|
| 555,842 | |||
| 406,725 30,333 |
|||
| 437,058 | |||
| 118,784 | |||
| 146,681 | |||
| 2022 £ 150 |
8. STOCKS
Page 14
continued...
POTTERS GREEN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2023
| 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accruals and deferred income 11. MOVEMENT IN FUNDS At 1.7.22 £ Unrestricted funds General fund 173,101 TOTAL FUNDS 173,101 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 290,572 TOTAL FUNDS 290,572 Comparatives for movement in funds At 1.7.21 £ Unrestricted funds General fund 181,429 TOTAL FUNDS 181,429 |
2023 2022 £ £ - 20,946 2023 2022 £ £ 28 835 1,634 2,466 27,041 54 27,007 19,029 55,710 22,384 Net movement At in funds 30.6.23 £ £ (38,870) 134,231 (38,870) 134,231 Resources Movement expended in funds £ £ (329,442) (38,870) (329,442) (38,870) Net movement At in funds 30.6.22 £ £ (8,328) 173,101 (8,328) 173,101 |
|---|---|
Page 15
continued...
POTTERS GREEN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2023
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 247,173 | (255,501) | (8,328) |
| TOTAL FUNDS | 247,173 | (255,501) | (8,328) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.7.21 £ 181,429 181,429 |
Net movement in funds £ (47,198) (47,198) |
At 30.6.23 £ 134,231 |
|---|---|---|---|
| 134,231 |
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 TOTAL FUNDS |
Incoming resources £ 537,745 537,745 |
Resources Movement expended in funds £ £ (584,943) (47,198) (584,943) (47,198) |
|---|---|---|
12. RELATED PARTY DISCLOSURES
The association has a sister organisation, Potters Green Social Club, which operates a licenced bar on the premises of Wigston Road, Potters Green, Coventry. All profits for this operation are paid over to the Association as an Occupation Licence. For the year to 30th June 2023, the occupation licence was £107,894 (2022: £80,297).
All transactions between the entities occur via a loan account. As at 30th June 2023, the amount due to (2022: from) the Social Club and included within creditors (2022: debtors) due within one year was £26,758 (2022: £20,946).
Page 16
POTTERS GREEN COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2023
| INCOME AND ENDOWMENTS Donations and legacies Grants Subscriptions Investment income Occupation licence Charitable activities Hall hire Playgroup income Snooker table Dance Entertainment Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Sundries Activities Entertainment expenses Support costs Management Rates and water Insurance Light and heat Telephone, broadband and bundled services Postage and stationery Cleaning Repairs and renewals HR support Bank charges Depreciation of tangible and heritage assets |
2023 £ 90 8,725 8,815 107,894 5,820 165,516 744 820 963 173,863 290,572 167,756 4,211 4,102 1,173 16,983 7,021 201,246 8,044 7,516 33,511 10,016 32 6,816 17,619 1,345 893 30,333 116,125 |
2022 £ 483 3,771 |
|---|---|---|
| 4,254 80,297 3,955 156,100 329 810 1,428 |
||
| 162,622 | ||
| 247,173 153,959 3,577 3,378 801 15,106 3,663 |
||
| 180,484 10,115 7,519 18,587 3,292 50 8,256 1,033 1,752 746 20,667 |
||
| 72,017 |
This page does not form part of the statutory financial statements
Page 17
POTTERS GREEN COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2023
| Management Governance costs Auditors' remuneration Auditors' remuneration for non audit work Total resources expended Net expenditure |
2023 £ 8,231 3,840 12,071 329,442 (38,870) |
2022 £ 2,500 500 3,000 255,501 (8,328) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 18