The Keyham Community Partnership Limited - Charities report - 19.3.2

REGISTERED COMPANY NUMBER: 03266180 (England and Wales)

REGISTERED CHARITY NUMBER: 1075648

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

THE KEYHAM COMMUNITY PARTNERSHIP LIMITED

THE KEYHAM COMMUNITY PARTNERSHIP LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 MARCH 2019

Page

Report of the Trustees

1

Independent Examiner's Report

2

Statement of Financial Activities

3

Balance Sheet

4 to 5

Notes to the Financial Statements

6 to 11

THE KEYHAM COMMUNITY PARTNERSHIP LIMITED

REPORT OF THE TRUSTEES

for the Year Ended 31 MARCH 2019

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 2019. 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 2015).

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.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03266180 (England and Wales)

Registered Charity number

1075648

Registered office

Froebel House

100 Granby Street

Devonport

Plymouth

Devon

PL1 4BN

Trustees

M A West

Retired Surveyor

Ms R M P Brooke

Project Manager

Mrs G A Marsh

Company Director

Company Secretary

S T Lewis

Independent examiner

Mayers

33 Mary Seacole Road

The Millfields

Plymouth

Devon

PL1 3JY

Approved by order of the board of trustees on 17 December 2019 and signed on its behalf by:

M A West - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

THE KEYHAM COMMUNITY PARTNERSHIP LIMITED

Independent examiner's report to the trustees of The Keyham Community Partnership Limited ('the

Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended

31 March 2019.

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

Nigel Botley

Mayers

33 Mary Seacole Road

The Millfields

Plymouth

Devon

PL1 3JY

17 December 2019

THE KEYHAM COMMUNITY PARTNERSHIP LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 MARCH 2019

31.3.19

31.3.18

Unrestricted fund

Restricted fund

Total funds

Total funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Charitable Activities

136,249

-

136,249

92,306

Other trading activities

2

28,930

-

28,930

53,509

Investment income

3

6

-

6

1

Total

165,185

-

165,185

145,816

EXPENDITURE ON

Raising funds

4

38,182

-

38,182

37,924

Charitable activities

Charitable activities

125,733

-

125,733

91,624

Total

163,915

-

163,915

129,548

NET INCOME

1,270

-

1,270

16,268

RECONCILIATION OF FUNDS

Total funds brought forward

89,893

-

89,893

73,625

TOTAL FUNDS CARRIED FORWARD

91,163

-

91,163

89,893

THE KEYHAM COMMUNITY PARTNERSHIP LIMITED

BALANCE SHEET

AT 31 MARCH 2019

31.3.19

31.3.18

Unrestricted fund

Restricted fund

Total funds

Total funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

9

51,368

-

51,368

54,868

CURRENT ASSETS

Debtors

10

57,498

-

57,498

53,334

Cash at bank

6,791

-

6,791

4,593

64,289

-

64,289

57,927

CREDITORS

Amounts falling due within one year

11

(24,494

)

-

(24,494

)

(22,902

)

NET CURRENT ASSETS

39,795

-

39,795

35,025

TOTAL ASSETS LESS CURRENT LIABILITIES

91,163

-

91,163

89,893

NET ASSETS

91,163

-

91,163

89,893

FUNDS

12

Unrestricted funds

91,163

89,893

TOTAL FUNDS

91,163

89,893

The charitable company is entitled to exemption from audit under

Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended

31 March 2019 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 on 17 December 2019 and were signed on its behalf by:

M A West -Trustee

Mrs G A Marsh -Trustee

THE KEYHAM COMMUNITY PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 MARCH 2019

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 2015)', 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.

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.

Freehold property

- 5% on cost

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.

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.

2.	OTHER TRADING ACTIVITIES

31.3.19

31.3.18

£

£

Management & administration

21,000

46,000

Expense recharges

7,930

7,509

28,930

53,509

3.	INVESTMENT INCOME

31.3.19

31.3.18

£

£

Deposit account interest

6

1

4.	RAISING FUNDS

Raising donations and legacies

31.3.19

31.3.18

£

£

Support costs

3,800

2,000

Investment management costs

31.3.19

31.3.18

£

£

Rent & rates

4,411

4,108

Light & heat

8,216

4,282

Printing, post & stationery

1,407

402

Internet

1,506

1,707

Motor & travel costs

264

111

Repairs & maintenance

7,201

5,491

Office equipment

1,269

5,487

Cleaning

88

100

Miscellaneous

255

250

Insurance

1,652

1,824

Security costs

375

2,935

Memberships, subs & journals

335

330

Catering equipment

3,453

5,157

Nursery equipment

450

240

Depreciation

3,500

3,500

34,382

35,924

Aggregate amounts

38,182

37,924

5.	NET INCOME/(EXPENDITURE)

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

31.3.19

31.3.18

£

£

Auditors' remuneration for non audit work

3,800

2,000

Depreciation - owned assets

3,500

3,500

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2019 nor for the year

ended 31 March 2018.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2019 nor for the year ended

31 March 2018.

7.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.19

31.3.18

2

2

No employees received emoluments in excess of £60,000.

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund

Restricted fund

Total funds

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Charitable Activities

92,306

-

92,306

Other trading activities

53,509

-

53,509

Investment income

1

-

1

Total

145,816

-

145,816

EXPENDITURE ON

Raising funds

37,924

-

37,924

Charitable activities

Charitable activities

91,624

-

91,624

Total

129,548

-

129,548

NET INCOME

16,268

-

16,268

RECONCILIATION OF FUNDS

Total funds brought forward

73,625

-

73,625

TOTAL FUNDS CARRIED FORWARD

89,893

-

89,893

9.	TANGIBLE FIXED ASSETS

Freehold property

£

COST

At 1 April 2018 and 31 March 2019

70,000

DEPRECIATION

At 1 April 2018

15,132

Charge for year

3,500

At 31 March 2019

18,632

NET BOOK VALUE

At 31 March 2019

51,368

At 31 March 2018

54,868

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

57,111

41,327

Other debtors

387

12,007

57,498

53,334

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

8,808

2,524

Social security and other taxes

3,893

3,075

Other creditors

833

8,343

Accrued expenses

10,960

8,960

24,494

22,902

12.	MOVEMENT IN FUNDS

At 1.4.18

Net movement in funds

At 31.3.19

£

£

£

Unrestricted funds

General fund

89,893

1,270

91,163

TOTAL FUNDS

89,893

1,270

91,163

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

165,185

(163,915

)

1,270

TOTAL FUNDS

165,185

(163,915

)

1,270

Comparatives for movement in funds

At 1.4.17

Net movement in funds

At 31.3.18

£

£

£

Unrestricted Funds

General fund

73,625

16,268

89,893

TOTAL FUNDS

73,625

16,268

89,893

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

145,816

(129,548

)

16,268

TOTAL FUNDS

145,816

(129,548

)

16,268

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

At 1.4.17

Net movement in funds

At 31.3.19

£

£

£

Unrestricted funds

General fund

73,625

17,538

91,163

TOTAL FUNDS

73,625

17,538

91,163

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

311,001

(293,463

)

17,538

TOTAL FUNDS

311,001

(293,463

)

17,538

13.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2019.