REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 MARCH 2023 |
FOR |
PARK HALL COMMUNITY ASSOCIATION |
(A COMPANY LIMITED BY GUARANTEE) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 MARCH 2023 |
FOR |
PARK HALL COMMUNITY ASSOCIATION |
(A COMPANY LIMITED BY GUARANTEE) |
PARK HALL COMMUNITY ASSOCIATION |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 MARCH 2023 |
Page |
Reference and Administrative Details | 1 |
Report of the Trustees | 2 | to | 4 |
Independent Examiner's Report | 5 |
Statement of Financial Activities | 6 |
Statement of Financial Position | 7 | to | 8 |
Notes to the Financial Statements | 9 | to | 16 |
PARK HALL COMMUNITY ASSOCIATION |
REFERENCE AND ADMINISTRATIVE DETAILS |
FOR THE YEAR ENDED 30 MARCH 2023 |
TRUSTEES |
REGISTERED OFFICE |
REGISTERED COMPANY NUMBER |
REGISTERED CHARITY NUMBER |
INDEPENDENT EXAMINER | Wallace Crooke Walsall Limited |
Chartered Accountants |
Wallace House |
20 Birmingham Road |
Walsall |
West Midlands |
WS1 2LT |
PARK HALL COMMUNITY ASSOCIATION (REGISTERED NUMBER: 03166663) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 MARCH 2023 |
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 30 March 2023. 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 |
The Association's objectives focus on the provision of special interest classes and activities in the local and wider area. it encourages participation in educational and recreational programmes in a safe, friendly environment outside of the home aiming to broaden the skills and experiences of participants. |
The Association also offers support to people with a range of mental health problems, including Art, Craft and Gardening group and Friendship Circle. Two members of staff have successfully completed Mental Health First Aid courses. Referrals to this programme come from Adult Social Care, Health and Age UK. |
The following strategies enable the Association to meet its objectives. |
The Associations programme is published annually. It is distributed in the local and wider area and included in the annual 'Walsall Community Network' publication. |
Surveys, reviews, feedback and discussions with service users help to influence and inform the programme and future planning. New ideas and suggestions are welcomed and acted upon, as appropriate. |
Special interest classes and community activities aim to balance self-funding with an affordable charging policy, supplemented by regular fund -raising events. |
External funding opportunities support the current and changing programme. The Association works closely with Walsall MBC and the Walsall Consortium of Community Organisations. The Council contributes £11,000 per annum towards programme delivery. In addition, the community support team offers regular advice and guidance, as needed. |
Walsall MBC remains committed to the future of Park Hall C.A and new premises have now been given planning approval with a view to completion in the summer of 2024. The new building will be located on the original site. Since September 2023 the C.A premises were closed on health and safety grounds. Subsequently, to date activities have been running, according to programme, in various alternative venues in the south Walsall area. This arrangement has generally worked well and support from service users has been maintained. Nevertheless, the new premises will be enthusiastically welcomed by all concerned. Business and administration are being run from the Community Manager's home address, 22 Glen Close, Walsall WS4 2EL. This address is temporarily registered with Companies House. |
Volunteers |
The Directors/Trustees of Park Hall Community Association are all volunteers drawn from the local community, local businesses and service user groups. |
The Association benefits from the work of volunteers who regularly support activities and offer their help in various ways, such as delivering leaflets, transport, befriending services and help with shopping etc. A number of volunteers have completed their Food Hygiene Certificate and help with catering for Lunch Clubs and Afternoon Teas. |
The help and support of volunteers is invaluable in delivering the C.A's programme. |
PARK HALL COMMUNITY ASSOCIATION (REGISTERED NUMBER: 03166663) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 MARCH 2023 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
Park Hall Community Association was established more than 45 years ago, incorporated in 1966. |
The Association benefits from the support of loyal service users, hard -working staff and a strong management committee. Walsall MBC and its officers offer a high level of support to the association, as have members of the Walsall Consortium of Community Associations. The programme offers a range of special interest classes and community activities with a special focus on health and well-being and good mental health. |
In terms of SROI (Special Return on Investment) the association has achieved much, be engaging service users in activities outside the home in a safe welcoming environment, helping to learn new skills, build friendships and share experiences. Our activities help to combat social isolation and help to prevent loneliness, particularly in the 60 plus age range. These activities offer value for money and deliver significant benefits to the community that may not otherwise be possible. |
FINANCIAL REVIEW |
Financial position |
The charities activities have been consistent with previous years with the majority of the income £37,124 (2022:£37,480) arising from grants excluding Furlough Grants. |
The expenditure has increased to £49,516 (2022: £35,951) which has resulted in a loss this financial year of £12,320 (2022: profit of £10,565). |
Principal funding sources |
The majority comes from Walsall MBC through the community grants scheme and income generated from activities in line with the charitable objectives. The Association seeks to maximise income from retaining and increasing recruitment to classes, and fundraising activities, such as community events, fairs, quizzes, social events and others. |
The Association continues to work with organisations to attract additional funding and with partner organisations in line with community needs. |
From January 2019 the Association has operated from premises in Falmouth Road, Park Hall which is located central to its area of benefit. These premises are less than ideal but Walsall MBC has approved funding for a replacement building subject to due planning and commissioning process. Fortunately, the Council has approved additional funding to support the association's activities through this transitional period. This has enabled the association to deliver its full programme of activities. |
Trustees have a reasonable expectation that, given careful management of core costs, maximising income from activities and continued support from Walsall MBC, there are limited but adequate funds available to continue in the future. Further, the association will benefit significantly benefit new premises which will enable a broader programme of events and allow it to attract additional income from room hire and larger group activities. |
Going concern |
Trustees have a reasonable expectation that by careful management of core costs, income from courses and activities and subject to continued grant support from Walsall MBC, there are meagre but adequate resources to continue in the medium term. |
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. |
PARK HALL COMMUNITY ASSOCIATION (REGISTERED NUMBER: 03166663) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 MARCH 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
The Association |
The Association is controlled by its governing documents, a deed of trust and constitutes a company limited by guarantee, as defined by the Companies Act 2006. |
The Association was established under a 'Management of Association' which established the objects and powers of the charitable company and is governed under its 'Articles of Association.' |
The Trustees, who are also the Directors for the purpose of company law and who served during this financial year, up to the date of signature of the financial statement, are: |
Mr. S. Cooke |
Mr. S. C. Smith |
Mrs. S.M. Howles |
Mrs. D Cooke |
Mr. M. Litherland |
None of the Trustees has any beneficial interest in the Company. All the Trustees are members of the Company and guarantee to contribute £1 in the event of winding up. |
Mr. S. Cooke ( Trustee) |
Organisational structure |
Park Hall Community Association has a management committee of 5, who meet termly or more frequently if required. They are responsible for monitoring the performance and strategic direction of the Association. Mrs. Barbara McCracken (Community Manager) sits on the committee but has no voting rights. She reports to the committee and has overall responsibility for the day to day programme, management of staff and she ensures that activities are conducted in line with legislation and good practice. |
Appointment of Management Committee |
For the purpose of charity law, the directors of the Association are also Trustees and under the company's articles are known as the Management Committee. Members are elected to serve for a period of three years, after which their term of office comes to an end. They may wish to offer themselves for re-election at the next annual general meeting. Committee members are drawn from local residents, local business, professionals and representatives from service users. |
Related parties |
The Association continues to be supported by Walsall Council to provide community services aimed at benefitting local residents and the wider community. The Association is a member of the Walsall Community Network, which meets monthly and works closely with other groups and providers in the Walsall South Area. |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
PARK HALL COMMUNITY ASSOCIATION |
Independent examiner's report to the trustees of Park Hall Community Association ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 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 (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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. |
Richard Smallwood FCCA |
Wallace Crooke Walsall Limited |
Chartered Accountants |
Wallace House |
20 Birmingham Road |
Walsall |
West Midlands |
WS1 2LT |
1 March 2024 |
PARK HALL COMMUNITY ASSOCIATION |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 30 MARCH 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities | 5 |
Charitable Acitivities | 20,624 | 16,500 | 37,124 | 37,480 |
Investment income | 4 |
Other income |
Total |
EXPENDITURE ON |
Charitable activities | 6 |
Charitable Costs | 18,802 | 16,500 | 35,302 | 28,251 |
Support costs | 14,214 | - | 14,214 | 7,700 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 20,698 |
PARK HALL COMMUNITY ASSOCIATION (REGISTERED NUMBER: 03166663) |
STATEMENT OF FINANCIAL POSITION |
30 MARCH 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 12 |
CURRENT ASSETS |
Debtors | 13 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 14 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 15 |
Unrestricted funds | 20,698 |
TOTAL FUNDS | 20,698 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 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. |
PARK HALL COMMUNITY ASSOCIATION (REGISTERED NUMBER: 03166663) |
STATEMENT OF FINANCIAL POSITION - continued |
30 MARCH 2023 |
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 |
PARK HALL COMMUNITY ASSOCIATION |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 MARCH 2023 |
1. | CHARITY INFORMATION |
Park Hall Community Association is a private charitable company, limited by guarantee, registered in England and Wales. The charitable company's registered number and registered office address can be found on the Company Information page. |
2. | 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. |
The Association's financial statements are presented in Sterling and all values are rounded to the nearest pound. |
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
• | the requirements of Section 7 Statement of Cash Flows. |
Income |
Income is recognised when the Association 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. |
Cash donations are recognised on receipt. Other donations are recognised once the Association 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 or covenant is recognised at the time of the donation. |
Legacies are recognised on receipt or otherwise if the Association 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. |
Grant income from local authorities is recognised as it is received. |
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. |
Improvements to property | - |
Fixtures and fittings | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
PARK HALL COMMUNITY ASSOCIATION |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 MARCH 2023 |
2. | ACCOUNTING POLICIES - continued |
Fund accounting |
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 Association. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Financial instruments |
The Association has elected to apply the provisions of Section 11 'Basics Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Financial instruments are recongised in the Association's balance sheet when the Association becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Basic financial assets |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at the 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 amoritised. |
Basic financial liabilities |
Basic financial liabilities, including creditors and bank loans are initially measured at the 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 amoritised. |
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 transactions price and subsequently measured at amortised cost using the effective interest method. |
Derecognition of financial liabilities |
Financial liabilities are derecognised when the Association's contractual obligations expire or are discharged or cancelled. |
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 Association is demonstrably committed to terminate the employment of an employee or to provide termination details. |
PARK HALL COMMUNITY ASSOCIATION |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 MARCH 2023 |
3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY |
In the application of the Association's accounting policies, the Trustees are required to make judgments, 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 were the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods. |
4. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Interest receivable | 72 | 1 |
5. | INCOME FROM CHARITABLE ACTIVITIES |
2023 | 2022 |
Activity | £ | £ |
Recreational classes | Charitable Acitivities | 5,318 | 6,680 |
Lunch club and other activity costs |
Charitable Acitivities |
1,136 |
1,041 |
Sundries | Charitable Acitivities | 40 | 513 |
Grants | Charitable Acitivities | 30,630 | 29,246 |
37,124 | 37,480 |
6. | CHARITABLE ACTIVITIES COSTS |
Direct |
Costs (see | Support |
note 7) | costs | Totals |
£ | £ | £ |
Charitable Costs | 35,302 | - | 35,302 |
Support costs | 780 | 13,434 | 14,214 |
36,082 | 13,434 | 49,516 |
PARK HALL COMMUNITY ASSOCIATION |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 MARCH 2023 |
7. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
2023 | 2022 |
£ | £ |
Staff costs | 33,530 | 27,361 |
Lunch club and activity costs | 2,552 | 890 |
36,082 | 28,251 |
8. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
9. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 March 2023 nor for the year ended 30 March 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30 March 2023 nor for the year ended 30 March 2022. |
10. | STAFF COSTS |
2023 | 2022 |
£ | £ |
Wages and salaries |
Other pension costs |
33,530 | 27,361 |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Directors | 5 | 5 |
Employees | 2 | 2 |
PARK HALL COMMUNITY ASSOCIATION |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 MARCH 2023 |
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
Charitable Acitivities | 17,734 | 19,746 | 37,480 |
Investment income |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
Charitable Costs | 8,505 | 19,746 | 28,251 |
Support costs | 7,700 | - | 7,700 |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 10,133 | - |
TOTAL FUNDS CARRIED FORWARD | 20,698 | - | 20,698 |
12. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 31 March 2022 |
Additions |
At 30 March 2023 |
DEPRECIATION |
At 31 March 2022 |
Charge for year |
At 30 March 2023 |
NET BOOK VALUE |
At 30 March 2023 |
At 30 March 2022 |
PARK HALL COMMUNITY ASSOCIATION |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 MARCH 2023 |
13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Social security and other taxes |
Pension Fund | 60 | 93 |
Other creditors |
Accruals and deferred income |
15. | MOVEMENT IN FUNDS |
Net |
At | movement | At |
31/3/22 | in funds | 30/3/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 20,698 | (12,320 | ) | 8,378 |
TOTAL FUNDS | (12,320 | ) | 8,378 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 20,696 | (33,016 | ) | (12,320 | ) |
Restricted funds |
Restricted funds | 16,500 | (16,500 | ) | - |
TOTAL FUNDS | ( |
) | (12,320 | ) |
Comparatives for movement in funds |
Net |
At | movement | At |
31/3/21 | in funds | 30/3/22 |
£ | £ | £ |
Unrestricted funds |
General fund | 10,133 | 10,565 | 20,698 |
TOTAL FUNDS | 10,133 | 10,565 | 20,698 |
PARK HALL COMMUNITY ASSOCIATION |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 MARCH 2023 |
15. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 26,770 | (16,205 | ) | 10,565 |
Restricted funds |
Restricted funds | 19,746 | (19,746 | ) | - |
TOTAL FUNDS | 46,516 | (35,951 | ) | 10,565 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
At | movement | At |
31/3/21 | in funds | 30/3/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 10,133 | (1,755 | ) | 8,378 |
TOTAL FUNDS | 10,133 | (1,755 | ) | 8,378 |
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 | 47,466 | (49,221 | ) | (1,755 | ) |
Restricted funds |
Restricted funds | 36,246 | (36,246 | ) | - |
TOTAL FUNDS | 83,712 | (85,467 | ) | (1,755 | ) |
PARK HALL COMMUNITY ASSOCIATION |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 MARCH 2023 |
16. | RELATED PARTY DISCLOSURES |