St John's And Spring Grove Community Ass - Charities report - 21.2

REGISTERED COMPANY NUMBER: 03398020 (England and Wales)

REGISTERED CHARITY NUMBER: 1073825

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

St John's And Spring Grove Community

Association Limited

Page

Reference and Administrative Details

1

Report of the Trustees

2

Statement of Financial Activities

3

Balance Sheet

4

Notes to the Financial Statements

5

to

8

TRUSTEES

Mrs J Chapelow

Ms J V Swann

Ms M E Easton

D Fairweather

Rev D S Maclure

COMPANY SECRETARY

Ms J V Swann

REGISTERED OFFICE

80 St John'S Road

Isleworth

Middlesex

TW7 6RU

REGISTERED COMPANY NUMBER

03398020 (England and Wales)

REGISTERED CHARITY NUMBER

1073825

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Objectives - to run and let the Community Hall at 80 St Johns Road, Isleworth, Middlesex, TW7 6RU to advance education and to provide facilities in the interests of social welfare, recreation and leisure with the object of improving the conditions of life for the inhabitants of Isleworth and the neighbourhood.

The Charity renewed the lease on 80 St Johns Road in 2018 for a period of 20 years.

Activities - To organize and encourage local groups to use St Johns Community hall. These activities were curtailed during the year due to the Charity being required to close the Community hall for much of the year to comply with government Covid-19 restrictions.

The memorandum and Articles of Association are dated 3 July 1997. The Association shall be non-party in politics and non-sectarian in religion.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Community halls are let throughout the year and the benefits are appreciated by the users. The Trustees no longer let the Hall for one off bookings as it was becoming increasing difficult to accommodate these bookings without the Charity employing staff.

FINANCIAL REVIEW

Financial position

The funds of the Charity are managed by the Trustees. The Trustees have introduced a formal risk management process to assess business risks and implement risk management strategies.This involved identifying the types of risks the Charity faces, prioritizing them in terms of potential impact and to identify where possible, a means of mitigating the risks.

The Charity is in a sound financial position and the Trustees' consider that its continuance as a going concern is well placed. Although the Charity's ability to let the Community Hall was restricted during the year, it benefited from government grants amounting to £25,000, a reduction of £4,000 in the rent payable, £12,000 instead of £16,000, but this only applies to the year ended 31 March 2021 and a rate rebate. The Charity took advantage of the Centre being closed to redecorate the main Hall, this cost has been split between income and capital expenditure in the Accounts.The net loss for the year was £8,595.

Although there is continued uncertainty regarding the ability of the Charity to let the community Hall due to the Covid-19 pandemic, the Charity has sufficient funds to cover expenditure during the next financial year. The Trustees will continue to monitor the financial position and will, if necessary take appropriate action.

The net assets of the Charity at the end of the year were £136,323. The Charity maintains these reserves to meet its obligations under the lease and any medium-term obligations that may arise should the Charity have to look at an alternative heat source, other than gas.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006

Approved by order of the board of trustees on 14 December 2021 and signed on its behalf by:

Mrs J Chapelow - Trustee

31.3.21

31.3.20

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

25,000

500

Other trading activities

2

861

42,818

Investment income

3

474

119

Total

26,335

43,437

EXPENDITURE ON

Charitable activities

Community Hall Management

34,930

37,395

NET INCOME/(EXPENDITURE)

(8,595

)

6,042

RECONCILIATION OF FUNDS

Total funds brought forward

144,918

138,876

TOTAL FUNDS CARRIED FORWARD

136,323

144,918

31.3.21

31.3.20

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

7

15,641

-

Investments

8

470

470

16,111

470

CURRENT ASSETS

Debtors

9

7,273

12,535

Cash at bank

124,624

144,134

131,897

156,669

CREDITORS

Amounts falling due within one year

10

(11,685

)

(12,221

)

NET CURRENT ASSETS

120,212

144,448

TOTAL ASSETS LESS CURRENT LIABILITIES

136,323

144,918

NET ASSETS

136,323

144,918

FUNDS

11

Unrestricted funds

136,323

144,918

TOTAL FUNDS

136,323

144,918

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 14 December 2021 and were signed on its behalf by:

J Chapelow - Trustee

D Fairweather - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	OTHER TRADING ACTIVITIES

31.3.21

31.3.20

£

£

Lettings income

861

42,818

3.	INVESTMENT INCOME

31.3.21

31.3.20

£

£

Interest receivable - trading

474

119

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.21

31.3.20

£

£

Depreciation - owned assets

3,609

-

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

500

Other trading activities

42,818

Investment income

119

Total

43,437

EXPENDITURE ON

Charitable activities

Community Hall Management

37,395

NET INCOME

6,042

RECONCILIATION OF FUNDS

Total funds brought forward

138,876

TOTAL FUNDS CARRIED FORWARD

144,918

7.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

19,250

DEPRECIATION

Charge for year

3,609

NET BOOK VALUE

At 31 March 2021

15,641

At 31 March 2020

-

8.	FIXED ASSET INVESTMENTS

Listed

investments

£

MARKET VALUE

At 1 April 2020 and 31 March 2021

470

NET BOOK VALUE

At 31 March 2021

470

At 31 March 2020

470

There were no investment assets outside the UK.

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

3,273

8,535

Prepayments

4,000

4,000

7,273

12,535

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

4,668

5,459

Accruals and deferred income

7,017

6,762

11,685

12,221

11.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.20

in funds

31.3.21

£

£

£

Unrestricted funds

General fund

144,918

(8,595

)

136,323

TOTAL FUNDS

144,918

(8,595

)

136,323

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

26,335

(34,930

)

(8,595

)

TOTAL FUNDS

26,335

(34,930

)

(8,595

)

Comparatives for movement in funds

Net

movement

At

At 1.4.19

in funds

31.3.20

£

£

£

Unrestricted funds

General fund

138,876

6,042

144,918

TOTAL FUNDS

138,876

6,042

144,918

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

43,437

(37,395

)

6,042

TOTAL FUNDS

43,437

(37,395

)

6,042

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.4.19

in funds

31.3.21

£

£

£

Unrestricted funds

General fund

138,876

(2,553

)

136,323

TOTAL FUNDS

138,876

(2,553

)

136,323

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

69,772

(72,325

)

(2,553

)

TOTAL FUNDS

69,772

(72,325

)

(2,553

)

12.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.