Registered number
02943791
Registered charity
1039413
Daniel Owen Community Association
Report and Unaudited Accounts
31 March 2023
Daniel Owen Community Association
Registered number: 02943791
Directors' Report
The directors present their report and accounts for the year ended 31 March 2023.
Principal activities
The company's principal activity during the year continued to be to maintain and develop the Daniel Owen Centre, for the whole community of Mold and the surrounding area. To foster standards of quality and excellence by mobilising the talents and strengths of the people in a co-operative approach to community provision.
Directors
The following persons served as directors during the year:
Stephanie Scott
Trefor Jones (Treasurer / Association secretary)
Robert Christopher Bithell (resigned 1 March 2023)
Ann Street
Timothy Maunders (resigned 4 May 2022)
John Scott
Pedr Roberts
Greg Pritchard (resigned 5 September 2022)
Teresa Carberry
Sarah Taylor (appointed 6 July 2022)
Joanne Edwards (appointed 7 September 2022)
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 20 September 2023 and signed on its behalf.
Stephanie Scott
Chairperson
Independent examiner's report to the trustees of
Daniel Owen Community Association ("The Company")
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (FRS 102).
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 accounts to be reached.
Philip Hughes ACA
Clarity Virtual Accounting Ltd
Llangoed, Ruthin Road
Mold
CH7 1QQ
20/09/2023
Daniel Owen Community Association
Income and Expenditure Account
for the year ended 31 March 2023
2023 2022
£ £
Donations and legacies 5,137 8,055
Charitable activities 48,836 22,002
Other trading activities 96,175 67,992
COVID grant income - 11,163
Investments - 100
Total 150,148 109,312
Expenditure on:
Raising funds - -
Charitable activities (71,153) (66,691)
Other (63,469) (50,794)
Total (134,622) (117,485)
Net income/(expenditure) before tax 15,526 (8,173)
Tax payable - -
Extraordinary item - -
Net movement in funds 15,526 (8,173)
Reconciliation of funds:
Total funds brought forward 55,629 63,801
Total funds carried forward 71,155 55,628
All funds are unrestricted
Daniel Owen Community Association
Registered number: 02943791
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 3,284 4,104
Current assets
Stocks 120 120
Debtors 5 2,471 7,366
Cash at bank and in hand 71,445 56,019
74,036 63,505
Creditors: amounts falling due within one year 6 (3,169) (8,985)
Net current assets 70,867 54,520
Total assets less current liabilities 74,151 58,624
Creditors: amounts falling due after more than one year 7 (2,996) (2,996)
Net assets 71,155 55,628
Funds of the Charity
General purpose fund 46,155 30,628
Contingency fund 25,000 25,000
Total funds 71,155 55,628
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
Stephanie Scott
Chairperson
Approved by the board on 20 September 2023
Daniel Owen Community Association
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Income
Income represents monies received adjusted for debtors, and is comprised of café income, room hire, fundraising and donations / grants.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
The Association has been granted charitable status and is treated for corporation tax as being mutually trading. As such it is not liable to UK corporation tax on any trading surplus.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Exceptional items 2023 2022
£ £
Major improvements - 3,318
- 3,318
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 9
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 69,209
At 31 March 2023 69,209
Depreciation
At 1 April 2022 65,105
Charge for the year 820
At 31 March 2023 65,925
Net book value
At 31 March 2023 3,284
At 31 March 2022 4,104
5 Debtors 2023 2022
£ £
Trade debtors 1,481 6,579
Other debtors 990 787
2,471 7,366
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,962 8,787
Taxation and social security costs - 48
Other creditors 207 150
3,169 8,985
7 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 2,996 2,996
Other creditors of £2,996 represents Arts Council for Wales Lottery funding for the commissioning of the painting "A Community Coffee Morning" by P.J. Crook. In the event of the disposal of the asset these monies will be repayable along with fifty percent of any appreciation in the asset's value.
8 Other information
Daniel Owen Community Association is a private company limited by guarantee and incorporated in England and Wales. Its registered office is:
Daniel Owen Centre
Earl Road
Mold
Flintshire
CH7 1AP
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