Charity Registration No. 800843
BEAUFORT COMMUNITY ASSOCIATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
10 Bridge Street Christchurch Dorset BH23 1EF
BEAUFORT COMMUNITY ASSOCIATION
CONTENTS
| Page | |
|---|---|
| Charity informaton | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 - 7 |
| Statement of fnancial actvites | 8 |
| Balance sheet | 9 |
| Notes to the fnancial statements | 10 - 19 |
BEAUFORT COMMUNITY ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr B Crawford Mr A Russell Mr C Mayne Cllr L Lewis Cllr R Lawton Mrs S Wickens Cllr E Coup Cllr M Davies Charity number 800843 Principal address Beaufort Road Bournemouth Dorset BH6 5LB Independent examiner TC Group 10 Bridge Street Christchurch Dorset BH23 1EF
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BEAUFORT COMMUNITY ASSOCIATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their report and financial statements for the year ended 31 March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The Beaufort Community Association (BCA) was set up in a common effort with the local council and other voluntary organisations to advance education and provide facilities in the interest of social welfare for recreation and leisure-time occupation to improve life chances of those in the community.
BCA manages a Childcare department which incorporates an early years educational Pre School, Breakfast and After School clubs, Holiday Clubs and a Toddler Group. Members of the community hire Community Centre rooms for various activities covering a wide educational and leisure spectrum.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The Association welcomes support from volunteers, to help support staff in a variety of roles enabling day to day operations of the Centre.
There were no donated goods or services in the year. No financial value has been placed on the services of volunteers as it is considered this value would be too hard to quantify.
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BEAUFORT COMMUNITY ASSOCIATION
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Achievements and performance
Chairperson’s Report Year ending 31st March 2023
Beaufort Community Association continues to build operational strength since Covid and is enjoying renewed success in reinforcing its community links.
The refurbishment of the Café and new front entrance is well under way and near to completion. This project will see a fresh new outlook for the entrance and Café facility to be enjoyed by the local community.
The newly refurbished toilets have attracted many compliments and is now a much nicer and comfortable facility.
The Trustees are extremely grateful to the Centre Manager, Shamas D’Agostino, who manages the Centre so well and efficiently and for his continued dedication to guiding the Association forward.
The new accounting system and administrative procedures implemented by the Treasurer and Centre Manager, continue to produce long term efficiencies.
The Pre School department continues to go from strength to strength under the able management of Adele Hartwell. The Team continues to work well together in providing a happy and solid early years educational experience.
The Wraparound department, which includes Breakfast and After School Clubs continues to be a very popular and a much needed community resource. 2022 was the first year this department started to provide a summer holiday club again since prior to Covid, it proved very popular with many parents within our community most grateful that this resource is being provided again.
In response to community demand, a weekly Toddler Group was started in November 2022 and is growing in popularity.
The Trustees are grateful to all our dedicated staff who help to make the Centre function, thank you.
We receive support from BCP and look forward to developing the Community Centre further this coming year.
My thanks go to all members of the committee and volunteers for ensuring the Centre runs efficiently and smoothly. A special thank you to Margaret Duncan, our Treasurer who continues in her commitment to our financial affairs ensuring we are running smoothly.
Blair Crawford
Interim Chair
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BEAUFORT COMMUNITY ASSOCIATION
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The Future of the Centre
We are fortunate to have 'hands on' Trustees to contribute to meeting the needs of our community as we move forward strategically. The environment we operate in is continually changing and therefore requires that we are constantly seeking new avenues to serve our community whilst managing resources wisely in these austere times. We hope to attract more volunteers.
Childcare
There was an increase in the number of children across all the childcare departments, especially the early years educational Pre School setting. Wraparound also showed a steady increase in children attending. As research clearly shows, children who attend an early year’s educational setting have far better outcomes in their preparation for school than those not attending preschool. The Centre is therefore playing a key role in the community in providing an excellent early year’s educational experience and continuing to foster positive at udes toward school.
Financial review
The attached financial statements show the state of the finances.
The Association does not currently have an investment policy.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use nor fixed assets (the free reserves) should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The free reserves totalled £150,057 for the year and this representing 6 months expenditure.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
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BEAUFORT COMMUNITY ASSOCIATION
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Structure, governance and management
Governing Document
Beaufort Community Association is a registered Charity governed by its Constitution which was last amended in 2011 and revised in 2018. General committee members are elected on an annual basis, with officers elected from the general committee. The Annual General Meeting is to be held in the near future, following that of the financial statements year-end.
The trustees who served during the year and up to the date of signature of the financial statements were: Rev P Southcombe (Resigned 10 December 2022) Mr B Crawford Mr A Russell Mr C Mayne Mrs M Duncan (Deceased 27 January 2024) Cllr L Lewis Cllr R Lawton Mrs S Wickens Cllr E Coup Cllr M Davies
The trustees' report was approved by the Board of Trustees.
Mr B Crawford
Trustee Dated: 9 February 2024
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BEAUFORT COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BEAUFORT COMMUNITY ASSOCIATION
I report to the trustees on my examination of the financial statements of Beaufort Community Association (the charity) for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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 true 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 of the financial statements to be reached.
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BEAUFORT COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF BEAUFORT COMMUNITY ASSOCIATION
James Paget on behalf of TC Group
10 Bridge Street Christchurch Dorset BH23 1EF
Dated: 12 February 2024
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BEAUFORT COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted funds 2023 Notes £ Income from: Donatons and legacies 3 20 Charitable actvites 4 336,884 Investments 5 191 Total income 337,095 Expenditure on: Charitable actvites 6 314,321 Net income for the year/ Net movement in funds 22,774 Fund balances at 1 April 2022 135,689 Fund balances at 31 March 2023 158,463 |
Total 2022 £ 72,050 211,175 5 |
|---|---|
| 283,230 | |
| 261,818 | |
| 21,412 114,277 |
|
| 135,689 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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BEAUFORT COMMUNITY ASSOCIATION
BALANCE SHEET
AS AT 31 MARCH 2023
| Notes Fixed assets Tangible assets 10 Current assets Stocks 11 Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilites Creditors: amounts falling due afer more than one year 15 Net assets Income funds Unrestricted funds |
2023 £ 903 48,402 122,065 171,370 (21,016) |
£ 8,406 150,354 158,760 (297) 158,463 158,463 158,463 |
2022 £ 1,587 40,075 95,750 137,412 (9,875) |
£ 8,786 127,537 136,323 (634) 135,689 135,689 135,689 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on 9 February 2024
Mr B Crawford
Trustee
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BEAUFORT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
Charity information
Beaufort Community Association is a Charity registered in England and Wales and is governed by its Constitution which was last amended in 2011.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
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BEAUFORT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
(Continued)
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings One year straight line Plant and equipment 20% on reducing balance Fixtures and fittings 10% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
1.6 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.7 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
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BEAUFORT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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BEAUFORT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
3 Donations and legacies
| Unrestricted funds 2023 £ Donatons and gifs 20 JRS grant income - 20 |
Total 2022 £ 86 71,964 |
|---|---|
| 72,050 |
4 Charitable activities
| Charitable | Charitable Income | Charitable Income | |
|---|---|---|---|
| Income | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Sales within charitable actvites | 121,304 | 101,769 | |
| Charitable rental income | 105,648 | 64,352 | |
| Other income | 109,932 | 45,054 | |
| 336,884 | 211,175 | ||
| Investments | |||
| Unrestricted | Total | ||
| funds | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Interest receivable | 191 | 5 |
5 Investments
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BEAUFORT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
6 Charitable activities
| Charitable Expenditure Charitable Expenditure 2023 2022 £ £ Depreciaton and impairment 1,874 1,941 Rates and water 3,366 3,758 Insurance 2,452 2,399 Light and heat 29,682 18,244 Childcare consumables 10,253 4,906 Outngs and functons - 150 Childcare equipment 141 185 Repairs, renewals and maintenance 32,981 17,202 Cleaning and laundry 4,977 5,121 Licenses and subscriptons 1,583 1,476 Other staf costs 904 156 Uniform and clothing 607 25 Bank charges 196 65 89,016 55,628 Share of support costs (see note 7) 221,503 201,589 Share of governance costs (see note 7) 3,802 4,601 314,321 261,818 Analysis by fund Unrestricted funds 314,321 257,518 Restricted funds - 4,300 For the year ended 31 March 2022 Unrestricted funds 257,518 Restricted funds 4,300 261,818 |
Charitable Expenditure Charitable Expenditure 2023 2022 £ £ Depreciaton and impairment 1,874 1,941 Rates and water 3,366 3,758 Insurance 2,452 2,399 Light and heat 29,682 18,244 Childcare consumables 10,253 4,906 Outngs and functons - 150 Childcare equipment 141 185 Repairs, renewals and maintenance 32,981 17,202 Cleaning and laundry 4,977 5,121 Licenses and subscriptons 1,583 1,476 Other staf costs 904 156 Uniform and clothing 607 25 Bank charges 196 65 89,016 55,628 Share of support costs (see note 7) 221,503 201,589 Share of governance costs (see note 7) 3,802 4,601 314,321 261,818 Analysis by fund Unrestricted funds 314,321 257,518 Restricted funds - 4,300 For the year ended 31 March 2022 Unrestricted funds 257,518 Restricted funds 4,300 261,818 |
Charitable Expenditure Charitable Expenditure 2023 2022 £ £ Depreciaton and impairment 1,874 1,941 Rates and water 3,366 3,758 Insurance 2,452 2,399 Light and heat 29,682 18,244 Childcare consumables 10,253 4,906 Outngs and functons - 150 Childcare equipment 141 185 Repairs, renewals and maintenance 32,981 17,202 Cleaning and laundry 4,977 5,121 Licenses and subscriptons 1,583 1,476 Other staf costs 904 156 Uniform and clothing 607 25 Bank charges 196 65 89,016 55,628 Share of support costs (see note 7) 221,503 201,589 Share of governance costs (see note 7) 3,802 4,601 314,321 261,818 Analysis by fund Unrestricted funds 314,321 257,518 Restricted funds - 4,300 For the year ended 31 March 2022 Unrestricted funds 257,518 Restricted funds 4,300 261,818 |
|---|---|---|
| 2023 £ 1,874 3,366 2,452 29,682 10,253 - 141 32,981 4,977 1,583 904 607 196 89,016 221,503 3,802 314,321 314,321 - 257,518 4,300 261,818 |
2022 £ 1,941 3,758 2,399 18,244 4,906 150 185 17,202 5,121 1,476 156 25 65 |
|
| 55,628 201,589 4,601 |
||
| 261,818 | ||
| 257,518 4,300 |
||
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BEAUFORT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
7 Support costs
| Staf costs Telephone Print, postage and statonery Sundry expenses Training Computer and website expenses Accountancy Legal and professional fees Analysed between Charitable actvites |
Support costs Governance costs £ £ 206,326 - 9,460 - 2,831 - 38 - 538 - 2,310 - - 2,740 - 1,062 221,503 3,802 221,503 3,802 |
2023 £ 206,326 9,460 2,831 38 538 2,310 2,740 1,062 225,305 225,305 |
2022 £ 187,702 8,848 3,468 366 - 1,205 2,900 1,701 |
|---|---|---|---|
| 206,190 | |||
| 206,190 |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
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BEAUFORT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
9 Employees
Number of employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries Social security costs Other pension costs |
2023 Number 22 2023 £ 198,813 5,300 2,213 206,326 |
2022 Number 19 |
|---|---|---|
| 2022 £ 183,082 2,740 1,880 |
||
| 187,702 |
Average monthly number of employees, under a contract of service, during the year was 22 (2022: 19), most of whom are part time. There are no highly paid staff. Key management personnel remuneration totalled £27,343. (2022: £26,559).
10 Tangible fixed assets
| Leasehold land and buildings £ Cost At 1 April 2022 84,644 Additons - At 31 March 2023 84,644 Depreciaton and impairment At 1 April 2022 84,644 Depreciaton charged in the year - At 31 March 2023 84,644 Carrying amount At 31 March 2023 - At 31 March 2022 - |
Plant and equipment Fixtures and ftngs £ £ 67,952 71,205 1,496 - 69,448 71,205 61,003 69,370 1,689 185 62,692 69,555 6,756 1,650 6,951 1,835 |
Total £ 223,801 1,496 |
|---|---|---|
| 225,297 | ||
| 215,017 1,874 |
||
| 216,891 | ||
| 8,406 | ||
| 8,786 |
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BEAUFORT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
| 10 Tangible fxed assets 11 Stocks Finished goods and goods for resale 12 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income 13 Loans and overdrafs Other loans Payable within one year Payable afer one year |
(Contnued) 2023 2022 £ £ 903 1,587 2023 2022 £ £ 16,661 36,279 31,741 3,796 48,402 40,075 2023 2022 £ £ 634 971 337 337 297 634 |
(Contnued) 2023 2022 £ £ 903 1,587 2023 2022 £ £ 16,661 36,279 31,741 3,796 48,402 40,075 2023 2022 £ £ 634 971 337 337 297 634 |
|---|---|---|
| 2022 £ 36,279 3,796 |
||
| 40,075 | ||
| 2022 £ 971 |
||
| 337 634 |
The concessionary loan is interest free and relates to work on emergency lighting at the centre funded by Bournemouth Borough Council to the value of £1,981.
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BEAUFORT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
14 Creditors: amounts falling due within one year
| 14 Creditors: amounts falling due within one year |
||
|---|---|---|
| Borrowings Other taxaton and social security Trade creditors Other creditors Accruals and deferred income 15 Creditors: amounts falling due afer more than one year Borrowings |
2023 £ 337 3,285 2,667 474 14,253 21,016 2023 £ 297 |
2022 £ 337 - 2,342 349 6,847 |
| 9,875 | ||
| 2022 £ 634 |
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BEAUFORT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
16 Related party transactions
Transactions with related parties
The charity has a close working relationship with BCP Council, which has provided grant funding and donations for the furtherance of the charity's objects. The Association occupies the centre under a lease for 99 years, with BCP Council (signed 20 September 1999). The terms of this lease provide that the Association is responsible for all interior repairs and decoration, and the Council is responsible for exterior maintenance to the property.
During the year £5,606 was payable to BCP Council. This represented £3,360 for maintenance costs and £2,246 for cleaning costs. At the year end there was a balance of £634 due on the concessionary loan from BCP Council.
Users of the community centre have where necessary installed their own equipment at the premises for their required activity only. Such equipment is excluded from the financial statements, as the assets have not been donated. The charity's trustees do not act as custodian trustees nor do they have responsibility for such assets.
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