## Norfolk Park Tenants & Residents Association ## Unaudite **d DRAFT COPY** ## Financial Statements For the year ending 31 January 2023 ## **Registered Charity no. 523929** |**Contents**|**Page**| |---|---| |Committee report|2| |Examiner's report|3| |Receipts and payments account|4| |Statement of assets and liabilities|5| |Notes to the accounts|6| 1 ## **Norfolk Park Tenants & Residents Association** ## **Committee report** ## **For the year ending 31 January 2023** ## **The members of the management committee during the year were:** Kim McMaster Chair Katrina Jones Vice Chair Joanne Morrison Secretary Elizabeth Hoyle Treasurer Racheal Wilkinson Committee Member Lucie McMaster Committee Member Albi Hoyle Committee Member Leah Howe Committee Member Kirsty Blythe Committee Member ## **Principle Address** ## **Independent examiner** 89 Guilford Rise Susan Groves Norfolk Park Bookkeeping & Training Services Sheffield 77 Mansfield Road S2 2PP Intake Sheffield S12 2AH ## **Management committee's responsibilities for the financial statements** The management committee are responsible for preparing financial statements for each financial period which give a true and fair view of the state of affairs of the group and of the surplus or deficit of the group for that period. In preparing those financial statements, the management committee are required to: a) select suitable accounting policies and apply them consistently; b) make judgments and estimates that are reasonable and prudent. The management committee are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the group and enable the management committee to prepare financial statements. The management committee are responsible for safeguarding the assets of the group and hence for taking reasonable steps for the prevention of fraud and other irregularities. ## **Aims and Objectives** To help the tenants and residents in the Norfolk Park area by representing their views and opinions by campaigning on local issues of importance. We will also provide services , groups and activities. 2 ## **Norfolk Park Tenants & Residents Association** ## **Examiner Statement** ## **For the year ending 31 January 2023** I report on the accounts for Norfolk Park Tenants Association which are set out on pages 4 to 6. ## **Responsibilities of the management committee and the examiner** As the management committee you are responsible for the preparation of the accounts. It is my responsibility to state whether matters have come to my attention. ## **Basis of independent examiner's report** The examination included a review of the accounting records kept by the group 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 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - 1) which gives me reasonable cause to believe that in any material respect the requirements: - a to keep appropriate accounting records - b to prepare accounts which accord with the accounting records have not been met; or - 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Susan Groves Date : 03 July 2023 Susan Groves Independent Examiner Bookkeeping & Training Services 3 ## **Norfolk Park Tenants & Residents Association** ## **Receipts and Payments account** ## **For the year ending 31 January 2023** |**Receipts**
**1**
**Grants & Donations**
**2**
£
Woodhouse erf
**3**
-
Manor & Castle
-
Community Fund
-
Ward Pot
-
Morrisons
-
SCC Community Fund
-
Personal Support
2,427
Tenants Levy
1,455
Church food repaid
**4**
460
Woodhouse Admin payment
1,000
Events and activities
285
Other
890
Office repayment
**5**
609
**Total receipts**
7,126
**Payments**
Woodhouse ERF
**3**
-
1,203
Equipment
-
Committee Exps
-
Guilford Grange
**6**
-
Church food
**4**
460
Events & Activities
-
Insurance
407
Office
**5**
3,008
St Leonards
-
Other
-
Health & Safety
8
Independent Examination
-
Junior TARA
-
Donations
130
**Total payments**
5,216
Net receipts/(payments)
1,910
Fund balances brought forward
897
Fund balances carried forward
**2,807**
Norfolk Park Food Project
Funds
**Notes**|£
-
-
-
-
-
-
2,427
1,455
460
1,000
285
890
609
Funds|restricted
funds
£
38,399
748
4,726
5,442
-
-
-
-
-
-
-
-
-|**TOTAL**
**2023**
2022
£
£
38,399
748
2,417
4,726
2,647
5,442
-
500
-
1,496
2,427
1,455
1,251
460
1,205
1,000
1,714
285
515
890
609
174
**56,441**
11,919
38,399
3,261
3,245
-
370
318
1,609
700
65
460
1,205
3,048
4,734
407
407
3,008
1,001
1,497
140
74
8
8
-
-
700
-
130
-
51,580
13,214
**4,861**
(1,295)
**897**
2,192
**5,758**
**897**| |---|---|---|---| ||7,126|49,315|| ||-
1,203
-
-
-
460
-
407
3,008
-
-
8
-
-
130|38,399
2,058
-
318
700
-
3,048
-
1,001
140
-
-
700
-|| ||5,216|46,364|| |||2,951
-|| ||**2,807**|**2,951**|| 4 ## **Norfolk Park Tenants & Residents Association** ## **Statement of assets and liabilities** ## **as at 31 January 2023** |**2023**
**£**
**Assets**
Balance at bank
5,376
Cash in hand
382
**5,758**
**Liabilities**
Independent examination 2022
-
Independent examination 2023
200
200
Committee member__________________________
Committee member _________________________
On behalf of the management committee|2022
£
733
164
897
200
-
200
Dated_____________
Dated____________| |---|---| 5 ## **Norfolk Park Tenants & Residents Association** ## **Notes to the Accounts** ## **For the year ending 31 January 2023** ## **1 Receipts and payments accounts** Because the level of income and expenditure is below £100,000, the group has opted for accounts prepared on a receipts and payments rather than an accruals basis. This is in line with Charity Commissioners guidelines for small charities and is more appropriate for this project ## **2 Restricted Funds** The Charity received restricted funding throughout the year All monies were spent according to the Funder specifications. |Funder
Woodhouse ERF
Manor & Castle
Community Fund
Community Fund
Community Fund
Ward Pot
Ward Pot|Incoming
Expended
C/fwd
38,399
38,399
-
748
748
-
1,250
1,250
-
1,100
1,100
-
2,376
2,376
-
4,492
1,392
2,951
Newsletter, Gazebo & Defib
950
950
-
49,315
46,364
2,951| |---|---| ## **3 Woodhouse Redevelopment Fund** The organisation received the funding to oversee and monitor the Development of the project. There are supporting documents available showing income and expenditure along with relevant receipts. The analysis of income and expenditure is not included within these accounts ## **4 Church food** The committee undertook the shopping for the church. This was paid from the Charities' cash reserves This was repaid, by cheque, each week. ## **5 Office Costs** These costs relate to cleaning, Gas , Electricity and Telephone charges. however, the telephone also includes a charge for mobile phone. This phone belongs to TARA member and the amount is repaid back into the TARA bank each month ## **6** Guilford Grange Received £700 for Jubilee Celebrations. This was paid to them in cash. 6