UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR CYPRUS HALL COMMUNITY ASSOCIATION
CYPRUS HALL COMMUNITY ASSOCIATION BALANCE SHEET AS AT 31 MARCH 2021
| NOTES £ £ FIXED ASSETS (Note 6) Tangible Assets 2 12,493 CURRENT ASSETS Bank Current Account 1,984 Business Reserve 8,500 Nationwide Instant Saver 1 1,287 Nationwide Instant Saver 2 15,291 Cash 17 Debtors 3 - Prepayments 3 - 27,079 CREDITORS: amounts falling due within one year Accruals 4 922 Other Creditors 5 - 922 Net Current Assets 26,157 Net Assets 38,650 Represented By Reserves held against planned Repairs and Renewals - General Reserves 51,569 Surplus/(Deficit) for the year (12,919) 38,650 2021 |
£ £ 10,142 8,799 3,025 16,282 15,250 63 - - 43,419 492 1,500 1,992 41,427 51,569 9,000 42,306 263 51,569 2020 |
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Treasurer
The Notes on page 4 form an integral part of these accounts.
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CYPRUS HALL COMMUNITY ASSOCIATION INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021
| NOTES INCOMING RESOURCES Hire Charges (net of refunds & room rents) Bowls Interest Received Other Donations CJRS Grant Income 1.2 MSDC Grant Income 1.2 Key Deposits (returned) RESOURCES EXPENDED (Note 3) Charitable Activities: Maintenance Rent Electricity Internet Water Cleaning Materials & Contract Costs Caretaker's Costs Booking Officer's Fees & Expenses Treasurer's Expenses Stationery, Printing & Postage Professional Fees Accountancy Fees Insurance Sundry Expenses Depreciation: Fixtures & Fittings 1.3 TOTAL RESOURCES EXPENDED SURPLUS/(DEFICIT) FOR THE YEAR |
£ £ 3,848 136 48 60 2,155 19,907 - 26,154 19,752 1 4,741 248 - 1,513 3,967 927 60 82 202 731 2,581 104 4,164 39,073 39,073 (12,919) 2021 |
£ £ 42,243 821 234 60 - - 20 43,378 22,106 1 6,045 522 - 1,138 5,287 906 152 232 144 768 2,417 16 3,381 43,115 43,115 263 2020 |
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CYPRUS HALL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
1.1 Accounting Convention
The financial statements are prepared in accordance with applicable accounting standards and under the historical cost convention.
The principal accounting policies, which the association has adopted are as set out below.
1.2 Income
Income represents the net value of sales and services provided.
Government grants issued as a result of the Covid-19 pandemic shall be recognised in the accounts when it is deemed that:- Conditions attached to the payments will be complied with and,
- The grants shall be received.
The financial statements include claims made from the Coronavirus Job Retention Scheme and the Small Business Grant Fund.
1.3 Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation of fixtures & fittings is provided at rates calculated to write off the cost less estimated residual value of each asset over it's expected useful life. Those rates are as follows:-
Fixtures, Fittings & Equipment
25% reducing balance per annum
1.4 Accruals & Prepayments
The Income and Expenditure account not only provides for the receipts and payments made during the year but also any income and liabilities which have arisen during the year but remains unpaid as at the Balance Sheet date
2. TANGIBLE ASSETS
Fixtures, Fittings and Bowls Costs
| As at 1st April 2020 Additions Charge for Year Disposals As at 31st March 2021 |
Cost 68,213.00 7,265.00 -750.00 74,728.00 |
Depreciation 58,071.00 -4,164.00 53,907.00 |
Net Book Value 10,142.00 7,265.00 -4,164.00 -750.00 12,493.00 |
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3 DEBTORS & PREPAYMENTS
| Hall Hire 4 ACCRUALS Accountancy Electricity 5 OTHER CREDITORS Hall hire prepaid Electricity Maintenance |
- 0 375 547 922 - - - 0 |
- 0 492 - 492 850 650 - 1500 |
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6 There are no employees for whom it is necessary to run a pension scheme.
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7 The running of the bowls club was a required alternative source of income to the hall rentals to gain charitable funding. It is therefore necessary to update the equipment for this from time to time to ensure the continuity of the club.
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8 Enforced closures due to the Covid-19 pandemic have resulted in reduced income for the financial year. It is expected that the hall will see a rise in the use of it's facilities as lock-down measures ease.
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CYPRUS HALL COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CYPRUS HALL COMMUNITY ASSOCIATION ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 AS SET OUT ON PAGES 2 TO 4
Respective Responsibilities of Trustees and Examiner
The charity's Trustees are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011. ("The Charity's Act") and that an independent examination is needed. The charity's gross income did not exceed £250,000.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Lisa Copper MICB Pm.Dip
01 June 2021
Cinderhill Cottage Herrings Road Dallington East Sussex TN21 9NL
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