**2216776**
## **CHARITY REGISTERED NUMBER:700030**
## **RADFORD COMMUNITY ASSOCIATION LIMITED**
**DIRECTORS' AND TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021**
**RADFORD COMMUNITY ASSOCIATION LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Company Number:**|2216776|
|---|---|
|**Registered Charity Number:**|700030|
|**Directors:**|Mr J Kindness|
||Mr S Martin|
||Mr S Ismail|
||Mr T Skipper|
|**Trustees:**|Mr J Kindness|
||Mr S Martin|
||Mr T Skipper|
||Ms S Ismail|
|**Secretary:**|Shiraaz Ismail|
|**Registered Office:**|Jubilee Crescent|
||Radford|
||Coventry|
||CV6 3EX|
|**Bankers:**|TSB Bank PLC|
||Jubilee Crescent|
||Radford|
||Coventry|
||CV6 3ET|
## **RADFORD COMMUNITY ASSOCIATION LIMITED**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1|
|Independent Examiner's Report|2|
|Statement of financial activities|4|
|Detailed analysis of funds|5|
|Balance sheet|6|
|Notes|8|
## **RADFORD COMMUNITY ASSOCIATION LIMITED**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
The Trustees present their report and the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS102) in preparing the annual report and financial statements of the charity.
## **Structure, Governance and Management**
## **Trustees' responsibilities in relation to the financial statements**
The trustees (who are also directors of 31 August 2021 for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law 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 of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP 2015 (FRS102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the board of directors and trustees on
......................................................... Mr Shiraaz Ismail Trustee.
Page 1
**INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF RADFORD COMMUNITY ASSOCIATION LIMITED**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 August 2021 which are set out on pages 4 to 11.
## **Responsibilities and basis of report**
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 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.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
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.
........................................ Dated:
KC & Co Ellangowan Main Road, Ansty Coventry CV7 9JA
Page 3
## **RADFORD COMMUNITY ASSOCIATION LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)**
|**FOR THE YEAR ENDED 31 AUGUST 2021**
**Rest'd**
**Unrest'd** **Income**
**Funds** **Funds**
**£**
**£**
**Income and endowments from:**
Other trading activities
54,006
0
Other income
4,988
0
**––––––––** **––––––––**
**Total income and endowments**
58,994
0
**––––––––** **––––––––**
**Expenditure on:**
Charitable activities
0
0
Other
62,828
0
**––––––––** **––––––––**
**Total resources expended**
62,828
0
**––––––––** **––––––––**
**Net movement in funds**
(3,834)
0
**Total funds brought forward**
£ 43,175 £ 3,590
**––––––––** **––––––––**
**Total funds carried forward**
£ 39,341 £ 3,590
**––––––––** **––––––––**|**Total**
**Funds**
**2021**
**£**
54,006
4,988
**––––––––**
58,994
**––––––––**
0
62,828
**––––––––**
62,828
**––––––––**
(3,834)
£ 46,765
**––––––––**
£ 42,931
**––––––––**|**Total**
**Funds**
**2020**
**£**
60,802
7,202
**––––––––**
68,004
**––––––––**
250
53,225
**––––––––**
53,475
**––––––––**
14,529
32,236
**––––––––**
£ 46,765
**––––––––**|
|---|---|---|
All income and expenditure derive from continuing activities.
Page 4
## **RADFORD COMMUNITY ASSOCIATION LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **DETAILED ANALYSIS OF MOVEMENTS IN FUNDS**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
|**2021**
**£**
**General Fund**
Balance B/fwd
43,175
(Deficit)/Surplus for the year
(3,834)
Transfer to another heading
0
**–––––––**
**Restricted Fund**
Opening Balance
3,590
Transfer to another heading
0
**–––––––**
**Total funds at 31 August 2021**
|**2020**
**£**
**£**
(95,419)
14,529
124,065
**–––––––**
39,341
127,655
(124,065)
**–––––––**
3,590
**–––––––**
£ 42,931
**–––––––**
|**£**
43,175
3,590
**–––––––**
£ 46,765
**–––––––**|
|---|---|---|
Page 5
**COMPANY NUMBER: 2216776**
## **RADFORD COMMUNITY ASSOCIATION LIMITED**
## **BALANCE SHEET**
|**Tangible fixed assets**
Tangible assets
**Current assets**
Debtors
Investments
Bank Accounts
**Creditors**
Amounts falling due within
one year
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Capital funds**
Restricted funds
Unrestricted funds
**Total funds**|**AT 31 AUGUST 2021**
**Note**
**2021**
**£**
7
8
4,601
600
33,788
**–––––––**
38,989
9
1,187
**–––––––**
|**2020**
**£**
**£**
**£**
5,129
3,832
2,112
600
41,408
**–––––––**
44,120
1,187
**–––––––**
37,802
42,933
**–––––––**
**–––––––**
42,931
46,765
**–––––––**
**–––––––**
£ 42,931
£ 46,765
**–––––––**
**–––––––**
3,590
3,590
39,341
43,175
**–––––––**
**–––––––**
£ 42,931
£ 46,765
**–––––––**
**–––––––**|
|---|---|---|
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
## Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006. Approved by the trustees on
...................................................
## Mr J Kindness
The annexed notes form part of these financial statements.
Page 6
**RADFORD COMMUNITY ASSOCIATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## 1. **Accounting policies**
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 (FRS102) issued on 16 July 2014 (as updated through Bulletin 1 published on 2 February 2016 and Update Bulletin 2 published on 5 October 2018) the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Companies Act 2006 and UK Generally Accepted Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical convention (modified to include certain items at fair value). The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.
## **Incoming resources**
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and Machinery - 20% per annum of cost
Page 7
## **RADFORD COMMUNITY ASSOCIATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** (Continued)
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## 2. **Income**
|||**Unrest'd**|**Total**|**Total**|
|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|
|||**2021**|**2021**|**2020**|
|||**£**|**£**|**£**|
||**Other trading activities**||||
||Room hire and other income|54,006|54,006|60,802|
|||**––––––**|**––––––**|**––––––**|
|||54,006|54,006|60,802|
|||**––––––**|**––––––**|**––––––**|
||**Other income**||||
||Grants received|4,988|4,988|7,202|
|||**––––––**|**––––––**|**––––––**|
|||4,988|4,988|7,202|
|||**––––––**|**––––––**|**––––––**|
|3.|**Expenditure on charitable activities**||||
|||**2021**|**2021**|**2020**|
|||**£**|**£**|**£**|
||Grants and donations|0||250|
|||**–––––––**||**–––––––**|
||||0|250|
||||**–––––––**|**–––––––**|
Page 8
## **RADFORD COMMUNITY ASSOCIATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** (Continued)
## **FOR THE YEAR ENDED 31 AUGUST 2021**
|4.
**Other costs**
**2021**
**£**
Costs re room hire etc
701
Office expenses
2,133
Repairs
6,928
Utilities
16,448
Accountancy
1,192
General
1,312
Wages and salaries
32,749
Pensions
599
Depreciation
766
**–––––––**
5.
**Loss before tax**
This is stated after charging:
Depreciation of owned assets
Pension costs|**2021**
**£**
62,828
**–––––––**
**2021**
**£**
766
599
**––––––**|**2020**
**£**
1,543
2,328
1,523
15,177
1,192
1,264
29,240
0
958
**–––––––**
53,225
**–––––––**
**2020**
**£**
958
0
**––––––**|
|---|---|---|
## 6. **Staff costs**
|The average number of persons employed by the company, including|directors, during the year|
|---|---|
|was as follows:||
||**2021** **2020**|
|Administration|3 3|
||**––––––** **––––––**|
|The aggregate payroll costs of these persons were as follows:||
||**2021** **2020**|
||**£**
**£**|
|Wages and salaries|32,749 29,240|
|Other pension costs|599 0|
||**––––––** **––––––**|
||£33,348 £29,240|
||**––––––** **––––––**|
Page 9
## **RADFORD COMMUNITY ASSOCIATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** (Continued)
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## 7. **Tangible fixed assets**
|Cost:
At 1 September 2020
Additions
At 31 August 2021
Depreciation:
At 1 September 2020
Charge for the year
At 31 August 2021
Net book value:
At 31 August 2021
At 31 August 2020
8.
**Debtors and prepayments**
Amounts falling due within one year:
Sales ledger balances
9.
**Creditors**
Amounts falling due within one year:-
Accruals And Deferred Income
|
**––**
£
**––**|**Plant**
**and**
**Machinery**
**£**
22,986
2,063
**––––––**
25,049
**––––––**
19,154
766
**––––––**
19,920
**––––––**
£ 5,129
**––––––**
£ 3,832
**––––––**
**2021** **2020**
**£**
**£**
4,601 2,112
**–––––** **–––––**
**2021** **2020**
**£**
**£**
1,187 1,187
**–––––** **–––––––**
1,187 £ 1,187
**–––––** **–––––––**|
|---|---|---|
Page 10