**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**| |---|---| Treasurer The Notes on page 4 form an integral part of these accounts. 2 ## **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**| |---|---|---| 3 ## **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| |---|---|---|---| ## **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| |---|---|---| **6** There are no employees for whom it is necessary to run a pension scheme. - **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. - **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. 4 ## **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: - examine the accounts under section 145 of the Charities Act - 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 - 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: 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 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. Lisa Copper MICB Pm.Dip 01 June 2021 Cinderhill Cottage Herrings Road Dallington East Sussex TN21 9NL 5