SOUTH MITCHAM COMMUNITY ASSOCIATION

Company limited by guarantee

Company Registration Number:
04668105 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

SOUTH MITCHAM COMMUNITY ASSOCIATION

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

SOUTH MITCHAM COMMUNITY ASSOCIATION

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

To promote for the benefits of the inhabitants of South Mitcham and the local area within the London Borough of Merton without discrimination of sex, sexual orientation, disability, race or political, religious or other opinions by associating with the local authority, voluntary organisations and inhabitants in a common effort to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life of such inhabitants. to manage premises at Cobham Court for activities promoted by the Company and its constituent bodies.

Additional information

Development, Activities and Achievements this YearThe legacy of the pandemic, the significant increase in the cost of living and the impact of financial restraint on services across the county mean that it has been another challenging year for SMCA. The Board of Directors has monitored the situation closely enabling SMCA to respond quickly to changing circumstances. We have continued to deliver a varied and welcome programme of activities for community centre users throughout the year. Footfall is still down or pre-pandemic levels but has built up over the year. We welcomed back several groups and re-introduced some popular activities as community centre users have grown in confidence.At the end of November 2022, we conducted a wide consultation exercise within the community inviting people to contribute their ideas for what they would like to see as part of the offering at the community centre. The feedback from this exercise and from other events is being factored into our planning for future years.We have taken steps to increase our access to new income streams. In September 2022, as part of our long-term strategy, SMCA appointed a Grants and Operations Manager to spearhead a more strategic and focused approach to securing funding opportunities and managing our operations. We have also developed a fundraising strategy aligning income opportunities with delivery ideas and priorities. In this way we have been able to develop our reach in terms of new projects and activities. We have been successful in securing vital funds to support new initiatives, including funding to support a programme of improvements to the premises.The income stream from hire charges has been an important facet of SMCA’s operating model in recent years. Following a root and branch review of the level of hire charges to be paid by groups and individuals hiring SMCA’s accommodation, and in line with the policy agreed by the Board, new rates were introduced from 1 June 2022. The review has resulted in a more structured and consistent approach to charging.During the year SMCA has continued to build on the organisational and cultural change begun in 2020. We have continued to review, refresh, and develop in-house policies. The board believes that a process of on-going review, taking account of changing circumstances and demands will help to support a more sustainable future for SMCA in its delivery of high levels of customer service.The Trustees consider that the performance of the Charity this year has been satisfactory in challenging circumstances. Future DevelopmentsWe must be realistic about the financial climate and the challenges we will continue to face. Individuals’ and organisational budgets continue to be stretched. Against a background of reduced local authority and statutory funding we will continue to work to identify and access other income streams to support our activities. We will continue to improve our infrastructure to streamline our work making it more efficient and effective. In this way we aim to achieve a better balance between activities and services provided directly by SMCA and to reduce our reliance on income from room hire.During the year we worked towards converting from being a Company Limited by Guarantee to that of a Charitable Incorporated Organisation (CIO) with a new constitution based on the Charity Commission’s model. The CIO is a legal form for a charity created in response to requests from charities for a practical and effective incorporated vehicle which provides some of the benefits of being a company but without some of the burdens. It provides registered charities with a more attractive legal framework that is regulated purely by the Charity Commission. As such it is much more suited to SMCA’s needs as a small charity with limited resources.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Barbara Holgate
Stephanie Phillips
Patricia Harrison
Qasim Chishti


The director shown below has held office during the period of
1 April 2022 to 9 May 2022

Anne-Marie Zaritsky


The director shown below has held office during the period of
1 April 2022 to 8 May 2022

Jatin Mehta


The director shown below has held office during the period of
20 February 2023 to 31 March 2023

Marc Clifford


Secretary Barbara Holgate

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 October 2023

And signed on behalf of the board by:
Name: Patricia Harrison
Status: Director

SOUTH MITCHAM COMMUNITY ASSOCIATION

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 20,000 48,671
Total fixed assets: 20,000 48,671
Current assets
Debtors: 4 7,733 8,889
Cash at bank and in hand: 96,690 105,212
Total current assets: 104,423 114,101
Creditors: amounts falling due within one year: 5 ( 4,223 ) ( 1,857 )
Net current assets (liabilities): 100,200 112,244
Total assets less current liabilities: 120,200 160,915
Total net assets (liabilities): 120,200 160,915
Members' funds
Profit and loss account: 120,200 160,915
Total members' funds: 120,200 160,915

The notes form part of these financial statements

SOUTH MITCHAM COMMUNITY ASSOCIATION

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 2 October 2023
and signed on behalf of the board by:

Name: Patricia Harrison
Status: Director

The notes form part of these financial statements

SOUTH MITCHAM COMMUNITY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SOUTH MITCHAM COMMUNITY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 3

SOUTH MITCHAM COMMUNITY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 48,671 48,671
Additions
Disposals ( 28,671 ) ( 28,671 )
Revaluations
Transfers
At 31 March 2023 20,000 20,000
Depreciation
At 1 April 2022
Charge for year
On disposals
Other adjustments
At 31 March 2023
Net book value
At 31 March 2023 20,000 20,000
At 31 March 2022 48,671 48,671

SOUTH MITCHAM COMMUNITY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 7,733 8,889
Total 7,733 8,889

SOUTH MITCHAM COMMUNITY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 4,223 1,857
Total 4,223 1,857