Winscombe Community Association

Charity Number 280231/R

Annual Report

2013 – 2014

Winscombe Community Association

Treasurer’s Report

Year Ended 30th April 2014

It was a satisfactory year with most income and expenditure in line with the previous year and with budget. The exception being Repairs & Maintenance, where the expenditure varies in line with when larger costs, such as repainting, fall.

The Accounts showed a slight reduction in Income of 2%.

Rents received rose by 3% to £25,414, in line with the increase applied at the beginning of 2013.

Fundraising at £12,014 was down, mainly due to the loss of an event just prior to the year end.

Money from the Friends Scheme continues to decline.

Total Expenditure at £34,125 was some 13% higher, almost entirely due to the delay in repainting work, which was referred to in last year’s report.

Repairs and Maintenance at £15,460, even after the above work, was still £3,000+ below the level of recent years.

There were higher Housekeeping costs but the increase can be mainly accounted for by the introduction of commercial refuse collections, which cost us £470pa.

However this was offset by the lower fuel costs, largely thanks to a milder winter.

The Excess of Income over Expenditure was £5,015 and £2,000 was transferred to the Special Building Reserve.

The Balance Sheet shows that our Bank balances increased by £4,318 to £60,687.

Debtors were over £2,000 higher at £4,639 but this is entirely due to when money was received at the year end, with the majority being received in May.

See Appendix 1 – WCA Accounts.

Fundraising Report.

Premises Group Report.

Chairman’s Report.

Appendix 1.

WINSCOMBE COMMUNITY ASSOCIATION

ACCOUNTS

YEAR ENDED 30thAPRIL 2014

Page 1

WINSCOMBE COMMUNITY ASSOCIATION

INDEPENDENT EXAMINERS’S REPORT

YEAR ENDED 30TH APRIL 2014

I report on the accounts of the Association for the year ended 30th April 2014, which are set out on pages 2 to 4.

Respective responsibilities of trustees and examiner

As the charity’s trustees you are responsible for the preparation of the accounts; you consider that the audit requirements of section 43(2) of the Charities Act 1993 do not apply. It is my responsibility to state, on the basis of the procedures specified in the general directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to my attention.

Basis of independent examiners report

My examination was carried out in accordance with the general directions given by the Charity Commissioners. An examination includes a review of the accounting records presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees conceding any such matters.The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with my examination, no matter came to my attention:

(1)which gave me reasonable cause to believe that in any material respect the requirements (a) to keep accounting records in accordance with section 41 of the Act and (b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 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 be reached

10 The Grove John H Roberts

Winscombe Independent Examiner

North Somerset

BS25 1JH

23 May 20124 Registered Charity No. 280231/R

Page 2
WINSCOMBE COMMUNITY ASSOCIATION
INCOME & EXPENDITURE ACCOUNT
YEAR ENDED 30th APRIL 2014
2014 / 2013
£ / £
INCOME
Rents Received / 25,414 / 24,713
Fund Raising / 12,014 / 13,256
Friends Scheme / 964 / 1,178
Legacies & Donations / 543 / 412
Interest Received / 204 / 341
39,140 / 39,901
EXPENDITURE
Repairs & Maintenance / 15,460 / 10,036
- Renewals & Improvements / 1,675
15,460 / 11,711
Water / 912 / 1,002
Light & Heat / 4,421 / 5,157
Housekeeping / 10,013 / 9,343
Insurances / 2,986 / 2,692
Miscellaneous Expenses / 333 / 342
Depreciation / - / -
34,125 / 30,248
EXCESS OF INCOME FOR YEAR / 5,015 / 9,653
To Special Building Reserve / 2,000 / 2,000
To Accumulated Fund / 3,015 / 7,653
5,015 / 9,653
Page 3
WINSCOMBE COMMUNITY ASSOCIATION
BALANCE SHEET
AS AT 30th APRIL 2014
2014 / 2013
£ / £ / £ / £
FIXED ASSETS
Tangible Assets (see Notes) / 35,000 / 35,000
CURRENT ASSETS
Debtors / 4,639 / 2,601
Deposit Account / 48,258 / 44,054
Cash at Bank / 12,429 / 12,315
Petty Cash / 140 / 140
65,465 / 59,110
CURRENT LIABILITIES
Recycling/Environmental Fund / 552 / 552
Defibrillator Fund / 1,575
Other Creditors / 3,098 / 3,332
5,224 / 3,884
NET CURRENT ASSETS / 60,241 / 55,226
NET ASSETS / 95,241 / 90,226
FINANCED BY:
SPECIAL BUILDING RESERVE
Balance Brought Forward / 16,000 / 14,000
Increase/(decrease) for the Year / 2,000 / 2,000
Balance Carried Forward / 18,000 / 16,000
ACCUMULATED FUND
Balance Brought Forward / 74,226 / 66,574
Net Surplus/(deficit) for the Year / 3,015 / 7,652
Balance Carried Forward / 77,241 / 74,226
95,241 / 90,226
Page 4
WINSCOMBE COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS
YEAR ENDED 30th APRIL 2014
TANGIBLE FIXED ASSETS
Freehold / Fixtures & / Total
Property / Fittings
£ / £ / £
COST
At 1st May 2013 / 35,000 / 25,350 / 60,350
Additions / - / -
At 30th April 2014 / 35,000 / 25,350 / 60,350
DEPRECIATION
At 1st May 2013 / 25,350 / 25,350
Charge for Year / - / -
At 30th April 2014 / 25,350 / 25,350
NET BOOK VALUE
At 30th April 2014 / 35,000 / 35,000
At 30th April 2013 / 35,000 / 35,000