BRANDON COMMUNITY ASSOCIATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
20 APRIL 2024
CHARITY NO. 1041442
BRANDON COMMUNITY ASSOCIATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 APRIL 2024
INDEX TO ACCOUNTS
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|Trustees’|Report|1-3|
|Report|of the|Independent|Examiner|4|
|Receipts|and|Payments Account|5|
|Statement|of Assets|and|Liabilities|6|
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BRANDON COMMUNITY ASSOCIATION
TRUSTEES’ ANNUAL REPORT
FOR THE YEAR ENDED 20 APRIL 2024
The Trustees are pleased to present their report, together with the financial statements for the year ended 20 April 2024.
REFERENCE AND ADMINISTRATION
Brandon Community Association is a registered charity, number 1041442.
Address of Charity
51 Pinewood Drive Brandon IP27 OHG
Trustees A Norton (Chairman) D Williams (Treasurer) S Price J Challiss D Palmer (Appointed 7 September 2023)
Independent Examiner
Jamie Norton FCCA Lovewell Blake LLP The Gables Old Market Street Thetford Norfolk IP24 2EN
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BRANDON COMMUNITY ASSOCIATION
TRUSTEES’ ANNUAL REPORT (continued)
FOR THE YEAR ENDED 20 APRIL 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is constituted as a Charitable Incorporated Organisation, which was initially set up in the 1970’s and later registered on 18 October 1994.
Trustees are representatives of the local groups that support our aims (they are usually groups ‘chair’ or ‘treasurer’) and are all local. The Trustees are all volunteers and receive no income from the charity. The charity receives signed confirmation that the Trustees are willing to act and abide by all the conditions set by the Charity Commission.
The Trustees have a quarterly face-to-face meeting where they are updated on the progress of the shop and any other issues as required. The Chair and Treasurer meet up every 2-3 weeks to sign off financial payments. Currently the charity has four signatories and all payments must receive signatures from two of the signatories.
The Trustees confirm that there were no related party transactions during the year.
PUBLIC BENEFIT
The Trustees have considered the Charity Commission’s guidance on public benefit. They confirm that in planning and carrying out the Charity’s activities they have had regard to this guidance.
OBJECTIVES AND ACTIVITIES
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e To provide help and support for the vulnerable and elderly in the local area.
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e To continue to raise funds to support the Day Care Centre in providing care for their vulnerable and elderly clients.
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e To provide free transport for the Day Care Centre’s clients.
ACHIEVEMENTS AND PERFORMANCE
The charity continues to run the shop, alongside a paid member of staff, which only sells donated items from the local community and is very well supported.
All the profits from the shop go towards the running costs of both the shop and the two minibuses that the charity owns. Any further surplus is then transferred to the not-for-profit Empanda, that manage the Day Care Centre.
This year, the charity has managed to transfer £50,000, representing the 2023 and 2024 contributions. Empanda will use this to help towards the running costs of the Day Care Centre.
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BRANDON COMMUNITY ASSOCIATION
TRUSTEES’ ANNUAL REPORT (continued)
FOR THE YEAR ENDED 20 APRIL 2024
FINANCIAL REVIEW
The Charity’s principal sources of funding are:
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e Shop income
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e Grant income
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e Bank interest
The Charity’s main expenses are wages, motor vehicle costs, shop running costs and rent.
The total receipts amounted to £85,343 and, after payments of £111,439, the net deficit for the period amounted to £26,096. The deficit arose partially due to the late transfer to Empanda of £25,000 in respect of the 2023 contribution to the Day Centre.
The Trustees consider the year end financial position to be satisfactory and confirm that the Charity can meet all known obligations.
Reserves
At the year end, the Charity’s bank balances totalled £32,551 and together with current and fixed assets of £27,823 and deduction of current liabilities of £972 there were positive reserves of £59,402.
There were unrestricted funds amounting to £59,402.
The Trustees declare that they have approved the Trustees’ Report above.
Signed on behalf of the Charity’s Trustees:
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A Norton D Williams
(Chairman) (Treasurer)
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Date: 8 January 2025
Date: 8 January 2025
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INDEPENDENT EXAMINER’S REPORT OF THE TRUSTEES OF
BRANDON COMMUNITY ASSOCIATION
| report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 20 April 2024 which are set out on pages 5 and 6.
Responsibilities and basis of report
As the Charity’s Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the ‘Act’).
| report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable directions given by the Charity Commission under section 145 (5) (b) of the Act.
Independent examiner’s statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- Accounting records were not held in respect of the charity as required by section 130 of the Act; or 2. The accounts do not accord with those records.
| have no concerns and have come across no other matters in connection with the examination to which attention should be draft in this respect in order to enable a proper understanding of the accounts to be reached.
| Jamie Norton FCCA | The Gables |
|---|---|
| Independent Examiner | Old Market Street |
| Lovewell Blake LLP | Thetford |
| Chartered Accountants | Norfolk |
| IP242EN |
Date: 20 January 2025
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Brandon Community Association
Receipts and Payments Account
For the Year Ended 20 April 2024
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|---|---|---|---|---|---|---|---|
|2024|2024|2023|
|Unrestricted|Total|Total|
|Funds|Funds|Funds|
|£|£|£|
|Receipts|
|Shop income|85,183|85,183|75,966|
|Bank|interest|160|160|28|
|Total|receipts|85,343|85,343|75,994|
|Payments|
|Rent|14,500|14,500|14,500|
|Utilities|6,451|6,451|4,966|
|Wages|22,079|22,079|14,301|
|Insurance|235|235|439|
|Card|charges|1,008|1,008|826|
|Shop|expenses|4,946|4,946|3,812|
|Empanda|/ Orbit|50,000|50,000|-|
|Fuel|4,365|4,365|4,561|
|Minibus|insurance|3,024|3,024|2,170|
|Motor|repairs|3,196|3,196|3,014|
|Miscellaneous|100|100|-|
|Accountancy|1,500|1,500|614|
|Professional|fees|35|35|35|
|Total|Payments|111,439|111,439|49,238|
|Net receipts/(payments)|(26,096)|(26,096)|26,756|
|Cash|funds|at 20|April|2023|58,647|58,647|31,891|
|Cash funds|at 20|April|2024|32,551|32,551|58,647|
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Brandon Community Association
Statement of Assets and Liabilities
For the Year Ended 20 April 2024
| 2024 | 2024 | 2023 | |
|---|---|---|---|
| Unrestricted | |||
| Funds | Total Funds | Total Funds | |
| £ | £ | £ | |
| Cash Funds | |||
| Current account | 2,713 | 2,713 | 1,566 |
| Trackeraccount | 8,285 | 8,285 | 9,424 |
| Shop account | 10,943 | 10,943 | 11,512 |
| General account | 6,500 | 6,500 | 32,084 |
| BPA account | 4,110 | 4,110 | 4,061 |
| Total cash funds | 32,551 | 32,551 | 58,647 |
| Assets retained forcharity’sown use | CurrentValue | CurrentValue | |
| £ | £ | ||
| Minibuses | 27,823 | 27,823 | 37,097 |
| Total assets retained forcharity'sownuse | 27,823 | 27,823 | 37,097 |
| Liabilities | |||
| Independent Exam | 972 | 972 | 750 |
| Empanda | - | - | 25,000 |
| 972 | 972 | 25,750 |
These financial statements were approved by the Trustees on 8 January 2025 and are signed on their behalf by:
A Norton D Williams (Chairman) (Treasurer)
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