:
REGISTERED CHARITY NUMBER: 523002
.
Report of the Trustees and
; Unaudited Financial Statements for the Year Ended 31st December 2023
for BentleyHeath Community Association
West - Chartered Accountants Office 2 Greswolde House 197b Station Road Knowle Solihull West Midlands B93 OPU
, Bentley Heath Community Association
Contents of the Financial Statements for the Year Ended 3)st December 2023
Page
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|---|---|---|---|---|---|---|---|
|Report of the Trustees|||
|Independent|Examiner's|Report|2|
|Statement of Financial|Activities|3|
|Balance|Sheet|4|
|Notes|to|the|Financial|Statements|5|to|10|
|Detailed|Statement of Financial|Activities|11|
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Association
Reportforfor the Yearof Yearofof the EndedTrustees31st _ EndedTrustees31st _Trustees31st _31st _ _
Reportforfor the Yearof Yearofof the EndedTrustees31st _ EndedTrustees31st _Trustees31st _31st _ _ December 2023
The trustees present their report with the financial statements of the charity for the year ended 31st December 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
Bentley Heath Community Association has a number of charitable objectives.
They are to promote the well-being of the community for such purposes as may by law be deemed to be charitable and in particular by associating the local authorities, voluntary organisations and residents in a common effort to further health, to advance education, to provide facilities for physical and mental training and recreation and to foster a community spirit for the achievement of the purposes stated.
FINANCIAL REVIEW
The Statement of Financial Activities on page 3 reveals net outgoing resources for the year of £5451.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 523002
Principal address Widney Road Bentley Heath Solihull B93 9BQ Trustees R Bryant J Crook A Lang J Rigby R Wilks
Independent Examiner Susan West FCA
West - Chartered Accountants
Office 2 Greswolde House 197b Station Road Knowle Solihull West Midlands B93 OPU
Approved by order of the board of trustees on 8th March 2024 and signed on its behalf by:
R Wilks - Trustee
Page 1
‘
Bentley Heath Community Association
Independent examiner's report to the trustees of Bentley Heath Community Association
I report to the charity trustees on my examination of the accounts of Bentley Heath Community Association (the Trust) for the year ended 3 1st December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust'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 Trust as required by Section 130 ofthe Act; or 2. the accounts do not accord with those records; or
-
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 tme 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 ofthe accounts to be reached.
Susan West FCA
West - Chartered Accountants
Office 2 Greswolde House
197b Station Road
Knowle
Solihull West Midlands B93 OPU
8th March 2024
Page 2
' iati
Statement of Financial Activities
for the Year Ended 31st December 2023
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|---|---|---|---|---|
|2023|2022|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|INCOME|AND ENDOWMENTS FROM|
|Other trading activities|2|32,947|26,278|
|Investment|income|3|299|42|
|Total|33,246|26,320|
|EXPENDITURE ON|
|Raising|funds|37,737|33,026|
|Other|960|942|
|Total|38,697|33,968|
|NET INCOME/(EXPENDITURE)|(5,451)|(7,648)|
|RECONCILIATION OF FUNDS|
|Total funds brought forward|T1977|85,625|
|TOTAL FUNDS CARRIED FORWARD|72,526|77,977|
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The notes form part of these financial statements
Page 3
Association
Balance Sheet_ 31st December 2023
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|---|---|---|---|---|
|2023|2022|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|FIXED ASSETS|
|Tangible|assets|6|38,104|43,966|
|CURRENT ASSETS|
|Debtors|7|1,106|1,009|
|Cash|at bank|37,118|35,243|
|38,224|36,252|
|CREDITORS|
|Amounts|falling due within one year|8|(3,802)|(2,241)|
|NET CURRENT ASSETS|34,422|34,011|
|TOTAL ASSETS LESS CURRENT|
|LIABILITIES|72,526|77,977|
|NET ASSETS|72,526|77,977|
|FUNDS|9|
|Unrestricted|fiunds|72,526|77,977|
|TOTAL FUNDS|72,526|77,977|
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The financial statements were approved by the Board of Trustees and authorised for issue on 8th March 2024 and were signed on its behalf by:
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J Crook - Trustee
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The notes form part of these financial statements
Page 4
Association
Bentley Heath Community
for the Year Ended 31st December 2023
- 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.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated life.
useful
Leasehold land & buildings
- over the period of the lease
Taxation
The charity is exempt from tax on its charitable activities.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 5
continued...
"BentleyHeath Community Association
for the Year Ended 31st December 2023
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|---|---|---|---|
|2.|OTHER TRADING|ACTIVITIES|
|2023|2022|
|£|£|
|Room hire|32,947|26,278|
|3.|INVESTMENT INCOME|
|2023|2022|
|£|£|
|Deposit account|interest|299|42|
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4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31st December 2023 nor for the year ended 31st December 2022.
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|---|---|---|---|---|
|5.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|
|Unrestricted|
|funds|
|£|
|INCOME AND ENDOWMENTS FROM|
|Other trading|activities|26,278|
|Investment|income|42|
|Total|26,320|
|EXPENDITURE|ON|
|Raising|funds|33,026|
|Other|942|
|Total|33,968|
|NET INCOME‘(EXPENDITURE)|(7,648)|
|RECONCILIATION OF FUNDS|
|Total|funds|brought|forward|85,625|
|TOTAL FUNDS CARRIED FORWARD|77,977|
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continued...
. Bentley Heath Community Association
for the Year Ended 31st December 2023
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|---|---|---|
|6.|TANGIBLE|FIXED ASSETS|
|Leasehold|
|land &|
|buildings|
|£|
|COST OR VALUATION|
|At|Ist January 2023|and|
|31st December 2023|85,000|
|DEPRECIATION|
|At|Ist January 2023|41,034|
|Charge|for year|5,862|
|At 31st December 2023|46,896|
|NET BOOK VALUE|
|At 31st December 2023|38,104|
|At|31st December 2022|43,966|
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Cost or valuation at 31st December 2023 is represented by:
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|---|---|---|---|---|
|Leasehold|
|land|&|
|buildings|
|£|
|Valuation|in 2017|85,000|
|If land and buildings had not been|revalued|they would have been|included at the|following historical cost:|
|2023|2022|
|£|£|
|Cost|3,285|3,285|
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Leasehold land and buildings were valued on an open market basis on 28th April 2017 by Mr R Pomfret (FRICS).
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|---|---|---|---|
|7.|DEBTORS:|AMOUNTS|FALLING DUE WITHIN ONE YEAR|
|2023|2022|
|£|£|
|Trade debtors|1,106|1,009|
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continued...
,
Association
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
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|---|---|---|---|---|---|---|
|8.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|
|2023|2022|
|£|£|
|Trade|creditors|2,842|1,299|
|Other creditors|960|942|
|3,802|2,241|
|9.|MOVEMENT|IN FUNDS|
|Net|
|movement|At|
|At|1.1.23|in|funds|31.12.23|
|£|£|£|
|Unrestricted|funds|
|General|fund|35,708|184|35,892|
|Revaluation|reserve|42,269|(5,635)|36,634|
|77,971|(5,451)|72,526|
|TOTAL FUNDS|77,977|(5,451)|72,526|
|Net movement|in|funds,|included|in the above|are as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General fund|33,246|(33,062)|184|
|Revaluation|reserve|-|(5,635)|(5,635)|
|33,246|(38,697)|(5,451)|
|TOTAL FUNDS|33,246|(38,697)|(5,451)|
|Comparatives|for movement|in|funds|
|Net|
|movement|At|
|At|1.1.22|in|funds|31.12.22|
|£|£|£|
|Unrestricted|funds|
|General|fund|37,721|(2,013)|35,708|
|Revaluation reserve|47,904|(5,635)|42,269|
|85,625|(7,648)|71,977|
|TOTAL FUNDS|85,625|(7,648)|77,977|
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continued...
Association
Notes to the Financial Statements - continued for the Year Ended 3ist December 2023
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
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|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General fund|26,320|(28,333)|(2,013)|
|Revaluation reserve|-|(5,635)|(5,635)|
|26,320|(33,968|)|(7,648)|
|TOTAL FUNDS|26,320|(33,968)|(7,648)|
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A current year 12 months and prior year 12 months combined position is as follows:
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||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|1.1.22|in|funds|31.12.23|
|£|£|£|
|Unrestricted|funds|
|General fund|37,721|(1,829)|35,892|
|Revaluation reserve|47,904|(11,270)|36,634|
|$5,625|(13,099)|72,526|
|TOTAL FUNDS|85,625|(13,099)|72,526|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|59,566|(61,395)|(1,829)|
|Revaluation reserve|-|(11,270)|(11,270)|
|59,566|(72,665|)|(13,099)|
|TOTAL FUNDS|59,566|(72,665)|(13,099)|
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Page 9
continued...
° Bentley Heath Community Association
;
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2023.
Page 10
° Bentley Heath Community Association
Detailed Statement of Financial Activities for the Year Ended 31st December 2023
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|---|---|---|---|
|2023|2022|
|£|£|
|INCOME AND ENDOWMENTS|
|Other trading activities|
|Room hire|32,947|26,278|
|Investment income|
|Deposit account|interest|299|42|
|Total incoming resources|33,246|26,320|
|EXPENDITURE|
|Raising donations and|legacies|
|Repairs & renewals|2,046|2,419|
|Rates and water|980|1,166|
|Insurance|851|771|
|Light and heat|9,213|2,453|
|Telephone|35|20|
|Postage|and stationery|211|206|
|Sundries|146|180|
|Household & cleaning|11,544|10,319|
|Licences|495|377|
|Refurbishment|costs|§,739|8,557|
|Ground rent|245|245|
|Computer & IT costs|350|271|
|Professional|fees|-|180|
|Leasehold land & buildings depreciation|5,862|5,862|
|37,737|33,026|
|Support costs|
|Governance|costs|
|Independent examiner fees|960|942|
|Total resources expended|38,697|33,968|
|Net expenditure|(5,451)|(7,648)|
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This page does not form part ofthe statutory financial statements
Page 11