Registered Charlty Nutnber: 1027705 CHELLS 14ANOR COMt4UNITY ASSOCIATION FINANCIAL STATEMENTS YEAR E14DED 31ST MaRCH 2024
Page I CHELLS MANOR COI414UNITY ASSOCIATION REPORT OF THE TRUSTEES YEAR ENDED 31ST 14ARCH 2024 The trustees present their report wlch the financlal statements of the charlty for the year ended 31st March 2024. ESTABLISHt4ENT OF TRUST The Charlty was establlshed on 21st June 1993 and was reglstered as charlty number 1027705 on 26th October 1993. TKE OBJECTS The objects of the Associatlon are to: la) promote the beneflt of the inhabitants of the "area of beneflt" wlthout distinetlon of sex, sexual orlentatlon, race or of polltical rellg£ous or other oplnlons, by assoclatlng together the sald inhabitants and the local authorltles. voluntary and other organisatlons In a collrllon effort to advance educatlon and to provlde facllltles In the interests of soclal welfare for recreatlon and lelsure-tune occupation with the object of unprovlng the condltlons of life for the said inhabltants: (b) maintaln and manage Chells Manor Community Centre whether alone or In co-operatlon wlth any local authority or other person or body In furtherance of these obJectS and {c) promote such other eharltable purposes as may from time to tlme be determlned. The Assoclation shall be non-party In polltlcs and non-sectarlan In rellglon. DEVELOPMKIITS ACTIVITIES AND ACHIEVEMENTS The charltable trust was establlshed on 21st June 1993 with the objects as stated above. In Ilne wlth these charltable objeetives, the maln aetivity and achlevement of the year was to promote the beneflt of the inhabltants of the area of benef It. CHARITY TRUSTEES The Charlty trustees who have served durlng che year were:_ N. Kitto M. Dorkin N. Endersby Cllr. A. McGuinness E. Stavropoulos R. Doe (appolnted 13th December 2023)
Page 2 CHELLS HANOR C014tIUNITY ASSOCIATION REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2024 RESERVE POLICY The board of trnstees conslder that the current level of reserves is sufflclent to meet the stated objectlves of the charlty. The alm Is to maintaln future levels of Income so as to cover the expected levels of expenditure and not •¥•< theref ore deplete reserves. PLACE OF BUsISs 12 Emperors Gate, Stevenage, Herts, SC2 7QX. BANKERS Barclays Bank PLC, Unlt 3, The Forum. Stevena8e, Herts, SGI IES. INDEPENDENT EXAMINER The Independent examlner is Newton & Carner Llmited, Bullding 2, 30 Friern Park, NortlL Flnchley? London. N12 9DA. We have prepared the flnanclal statements set out on pages 5 to 9 from the records of the Trust malntalned by us. Under Sectlon 145(1) of the Charitles Act 2011 the truscees may elect:_ (a) to have the accounts examlned by an thdependent examlner. or (b) to have the accounts audlted by a person quallfied under the deflnltion contalned In Sectlon 144(2) of che sald Act. The trustees have elected to appoint Newton & Carner Llmited. Chartered Accountants? as Independent examiners to review the accounts In accordance wlth the above provlslons and thelr report Is eontalned in these financial statements.
Page 3 CEELLS TrJANOR C014MUNITY ASSOCIATION REPORT OF THE TRUSTEES YEAR EIIDED 31ST MARCH 2024 STATEMENT OF TRUSTEES I RESPONSIBILITIES The trustees are responslble for preparlng the Trustees, Annual Report and the flnanclal statements accordance wlth appllcable law and Unlted Klngdom Accountlng Standards (United Klngdom Generally Accepted Accountlng Practlce) . The law applicable to charltles In England & Wales requlres the trustees to prepare flnanclal statements for each flnanclal year whlch give a true and falr vlew of the state of affalrs of the charlty and of the Incoming resources and application of resources of the charlty for that perlod. In preparlng flnanclal statements, the trustees are required to:_ (i) Select sultable accounting pollcles and then apply them conslstently• (li) ObsenTe the methods and prlnclples In the Charlties SORP. (111) Make Judgements and estlmates that are reasonable and prudent. Ilv) State whether appllcable accounting standards have been followed subject to any materlal departures dlsclosed and explained In the flnancial statement. (v) Prepare the flnanclal statements on the golng concern basls unless it s Inapproprlate to presume that the charlty wlll contlnue in buslness. The trustees are responsible for keeplng proper accounting records whlch dlsclose with reasonable accuracy at any tlme the flnancial position of the charlty and enable them to ensure that the flnanclal starements comply with the Charity Act 2011, the Charlty (Accounts and Reports) Regulatlons 2008 and the provlslons of the trust deed. They are also responsible for safeguardlng the assets of the charlty and hence for taking reasonable steps for the prevention and detectlon of f raud and other Irregularities. The trustees are responslble for the malntenance and Integrlty of the charlty and fInanCal Infornatlon Included on the charlty's webslte in accordance with leglsLation In the Unlted Klngdom governlng the preparlng and dissemination of the flnanctal statements. roved b the Board on 31st October 2024 and si ned on Its behalf N. KITTO TRUSTEE
Page 4 CHELLS MA2IOR COMblUNITY ASSOCIATION NO. OF CHARITY - 1027705 YEAR ENDED 31ST MARCH 2024 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF CHELLS TrfANOR COMblUNITY ASSOCIATION I report to the trustees on my examlnatlon of the accounts of the above charlty "the Trust") for the year ended 31st Narch 2024. Res ectlve res onslbllltles of trustees and examiner As the charlty's trustees, you are responslble for the preparatlon of the accounts In accordance with the requirements of the Charities Act 2011 (Hthe Act"). report in respect of my examinatlon of the Trust's accounts carrled out under section 145 of the 2011 Act and carrying out my examinatlon, I have followed all the appllcable Dlrectlons glven by the Charlty Commlsslon under sectlon 145(5) (b) of the Act. Inde endent exarniner s statement I have completed my examlnatlon. I confirm that no materlal matters have come to my attention In connectlon with the examMtIOn which glves nle cause to belleve that In, any materlal respect: the accountthg records were not kept In accordance wlth sectlon 130 of the Charites Act: or the accounts dld not accord with the accountlng records" or the accounts did not comply wlth che appllcable requlrements concernlng the form and content of accounts set out th the Charltes (Accounts and Reports) Regulatlons 2008 other than any requlrement that the accounts give a 'true and falr, view whlch is not a matter considered as part of an Independent examlnatlon. I have no concerns and have come across no other matters In eonnectlon with the examinatlon to whlch attentlon should be drawn In chls report In order to enable a proper understand8 of che accounts to be reached. ROBERT KNIGHT, FCCA, ATII IqEwfoN & GARNER LIMITED, BUILDING 2, 30 FRIERN PARK, NORTH FINCHLEY. LONDON NI 2 DA. DATE: 7th November 2024
Page 5 CHELLS IWIOR COMblUNITY ASSOCIATION STATEMEirf OF FINANCIAL ACTIVITIES YEAR EIIDED 31ST MARCH 2024 INCOME 2024 2023 Lettin8S Grants Sundry Income 48,082 3.860 46 39,828 1,000 TOTAL INCOME £51,988 £40,828 EXPENDITURE Wages & natlonal Insurance Asslstance Utilities Insurance Cleanlng g repalrs & malntenance Equipment & materlals Telephone & Internet Prlntlng g POSta8e, statlonery? and advertising Computer costs PRS Accountancy Sundry Events Halloween, Chrlstmas fayre & lunches Depreclatlon 37.425 445 6,499 1,047 4,414 597 1,066 201 393 336 1,440 210 1,723 621 26,465 840 4,814 868 5.345 544 1,793 186 289 1,200 192 565 616 TOTAL EXPENDITURE £56,417 £43,717 NET EXPENDITtJRE FOR THE YL4R 14,429) (2,889) RECONCILIATION OF FUNDS Balance at 1st Aprll 2023 3,165 6,054 BALANCE AT 31ST MARCH 2024 £(1,264) £3,165
Page 6 CHELLS MANOR COFJblUNITY ASSOCIATION BALANCE SHEET AS AT 31ST MARCH 2024 Notes 2024 2023 FIXED ASSETS l¥•tya,.l¥¥Ji Tang£ble assets CURRENT ASSETS Debtors Cash at bank and In hand 229 2. 166 301 3,690 TOTAL CURRENT ASSETS 2,396 3,991 CREDITORS: Amounts falling due Wthn one year 4,874 2,661 NET CURRENT ASSETS (2,478) 1,330 TOTAL ASSETS LESS CURREirr LIABILITIES £(1,264) £3,165 Unrestrlcted funds General fund £(1,264) £3,165 roved b the Trustees on 31st October 2024 and sl ned on thelr behalf N. KITTO TRUSTEE M. DORKIN TRUSTEE
Page 7 CHELLS MANOR COMtIUNITY ASSOCIATION NOTES TO THE ACCOUNTS I. LEGAL STATUS OF CHARITABLE TRUST Chells Manor Communlty Associatlon Is registered wlrh the Charity Commlsslon In Unlted Klngdom as a charlty. The eharlry's reglstered number and prlnclpal offlce address ean be found In the Report of the Trustees. 2. ACCOUNTING POLICIES Accountln conventlon The f Inanclal statements have been prepared th accordance with Accountlng and Reportlng by Charltles: StareToent of Recomended Practice applicable to charltles preparlng thelr accounts In accordance with the Flnanclal Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) (effectlve l January 2015) (Charltles SORP (FRS 102)), che Financial Reportthg Standard appllcable In the UK and Republlc of Ireland (FRS 102). The charlty constltutes a public beneflt entlty as deflned by FRS 102. The trustees conslder that there are no marerlal uncertalnties about the charity's abllLty to continue as a going concern. In preparlng the accounts che trnstees have consldered whether In applylng the accountlng policies requlred by FRS102 and the Charltles SORP FRS102 a restatement of comparatlve Items was needed. No restatement has required. Income All Income is recognlsed once the charlty has entitlement co the Income, it is probable that the income wlll be received and the amount of ineome recelvable can be measured rellably. Interest on funds held on deposit is Included when recelvable and the amount can be measured rellably by the charltyi this Is nornally upon notifleatlon of the Interest pald or payable by the bank. endlture Liabllltles are recognised as expenditure as soon as there is a legal or constructive obligation commitclng the charity to that expenditurei It Is probable that settlemenr wlll be required and the amount of the obllgatlon can be measured rellably. All expendlture is accounted for on an accrnals basls. Fund accountln Unrestrlcted funds are lettlngs. pre-school fees and other Income resources or generated for the objects of the charity wlchout further spee£al purposes and are avallable as general funds.
Page 8 CHELLS MINOR COMtIUNITY ASSOCIATION NOTES TO THE ACcOUs 3. De reciatlon Tangible flxed assets are stated ac cost less depreciation. Depreclation Is provlded at rates calculated to write off the cost less estthated residual value of each asset over Its expected useful Ilfe. as follows:_ Plant & equlpment Flxtures & fittings Leasehold unprovements 25% reducing balance basls 15X reducing balance basls Over 10 years 4. FIXED ASSETS Plant & Flxcures & Fittin Leasehold rovements Total COST At 1st April 2023 & At 31st March 2024 £2,344 £1,400 £4,462 £8,206 DEPRECIATION At Lst Aprll 2023 Charge f or the year 1,532 122 1,048 53 3,791 446 6,371 621 At 31st March 2024 £1,654 £i,ioi £4,237 £6,992 NET BOOK VALUE At 31st March 2024 £690 £299 £225 £1,214 At 3 1st March 2023 £812 £352 £671 £1.835
Page 9 CHELLS MANOR COMtI(fNITY ASSOCIATION NOTES TO THE ACCOUNTS 5 . DEBTORS 2024 2023 Other debtors £229 £301 6. CREDITORS 2024 2023 Deposlts held Taxation & Soclal Securlty Accruals loo 2,934 1,840 75 1,386 1,200 £4.874 £2,661 7 . UNRESTRICTED FUIqDS Balance 01.04.23 Movement In Resources Net Incomin Out oln Balance 31.03.24 General fund £3,165 £51,988 £56,417 £(1,264)