Byley Community Association
Charity No. 1054687
Trustees’ Report and Unaudited Accounts
31 December 2024
Byley Community Association Contents
| Pages | |
|---|---|
| Trustees’ Annual Report | 2 |
| Independent Examiner’s Report | 3 |
| Statement of Financial Actvites | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 to 11 |
| Detailed Statement of Financial Actvites | 12 to 13 |
Page 1
Byley Community Association Trustees’ Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1054687
Principal Office
Moss Lane Byley Middlewich Cheshire CW10 9NG
Trustees
The following trustees served during the year:
J. Beecroft G. Coates C. Hankey A. Moore
I. Newton
C. Wilkinson
Accountants
Bruce Marshall & Co Limited Suite 11, The Old Fuel Depot Twemlow Lane Twemlow Cheshire CW4 8GJ
Statement of trustees’ responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity’s trustees on ………………………………………..
I. Newton Trustee
Page 2
Byley Community Association Independent Examiners Report
Independent Examiner’s Report to the trustees of Byley Community Association
I report to the trustees on my examination of the financial statements of Byley Community Association for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I can 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:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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 financial statements to be reached.
Dated: ………………………………………..
RE Moore FCA Bruce Marshall & Co Limited Suite 11, The Old Fuel Depot Twemlow Lane Twemlow Cheshire CW4 8GJ
Page 3
Byley Community Association Statement of Financial Activities
for the year ended 31 December 2024
| Note Income and endowments from: Donatons and legacies 3 Charitable actvites 4 Other trading actvites 5 Investments 6 Total Expenditure on: Raising funds 7 Other 8 Total Net gain/(loss) on investments Net expenditure 9 Transfers between funds Net expenditure before other gains/(losses) Other gains and losses Net movement in funds Reconciliaton of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2024 £ - 24,046 3,714 859 28,619 (3,734) (21,582) (25,316) - (25,316) - (25,316) - 3,303 419,146 422,449 |
Restricted funds 2024 £ - - - - - - - - - - - - - - - - |
Total funds 2024 £ - 24,046 3,714 859 28,619 (3,734) (21,582) (25,316) - (25,316) - (25,316) - 3,303 419,146 422,449 |
Total funds 2023 £ - 16,052 1,227 321 |
|---|---|---|---|---|
| 17,600 (122) (19,697) |
||||
| (19,819) | ||||
| - | ||||
| (19,819) - |
||||
| (19,819) - |
||||
| (2,219) | ||||
| 421,365 | ||||
| 419,146 |
Page 4
Byley Community Association Balance Sheet
at 31 December 2024
| Note Fixed assets Tangible assets 11 Current assets Stocks 12 Cash at bank and in hand Creditors:Amount falling due within one year 13 Net current assets Total assets less current liabilites Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 14 Unrestricted funds 14 Total Funds |
2024 £ 384,874 384,874 242 38,047 38,289 (714) 37,575 422,449 422,449 422,449 - 422,449 422,449 |
2023 £ 388,784 |
|---|---|---|
| 388,784 1,250 29,744 |
||
| 30,944 (632) |
||
| 30,362 419,146 |
||
| 419,146 | ||
| 419,146 | ||
| - 419,146 |
||
| 419,146 |
Approved by the trustees on ……………………………………….. and signed on their behalf by:
I. Newton Trustee
Page 5
Byley Community Association Notes to the Accounts for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income Recognition of Income is included in the Statement of Financial Activities (SoFA) income when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure expenditure is reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is legacies included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time donations and gifts as the gift/donation to which it relates. Donated services and These are only included in income (with an equivalent amount in facilities expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes and gain or loss resulting from revaluing investments revaluation of fixed to market value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 6
Byley Community Association Notes to the Accounts for the year ended 31 December 2024
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes expenditure any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary raising funds income, fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of charitable activities its activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus and accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
Taxation
The Charity is exempt from tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Fixtures and fittings 10% Straight line
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 7
Byley Community Association Notes to the Accounts for the year ended 31 December 2024
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
- 2 Statement of Financial Activities – prior year
| 3 Income from donatons and legacies Donatons Income and endowments from: Donatons and legacies Charitable actvites Other trading actvites Investments Total Expenditure on: Raising funds Other Total Net gains on investments Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliaton of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2023 £ - 16,052 1,227 321 17,600 (122) (19,697) (19,819) - (2,219) (2,219) (2,219) 421,365 419,146 |
Total 2024 £ - - Restricted funds 2023 £ - - - - - - - - - - - - - - |
Total funds 2023 £ - 16,052 1,227 321 |
|---|---|---|---|
| 17,600 (122) (19,697) |
|||
| (19,819) - |
|||
| (2,219) | |||
| (2,219) | |||
| (2,219) 421,365 |
|||
| 419,146 | |||
| Total 2023 £ - |
|||
| - |
Page 8
Byley Community Association Notes to the Accounts for the year ended 31 December 2024
| 4 Income from charitable actvites Rents received 5 Income from other trading actvites Fund raising events 6 Income from investments Bank interest received 7 Expenditure on raising funds Fund raising events |
Unrestricted 2024 £ 24,046 24,046 Unrestricted 2024 £ 3,714 3,714 Unrestricted 2024 £ 859 859 Unrestricted 2024 £ 3,734 3,734 |
Restricted 2024 £ - - Restricted 2024 £ - - Restricted 2024 £ - - Restricted 2024 £ - - |
Total 2024 £ 24,046 24,046 Total 2024 £ 3,714 3,714 Total 2024 £ 859 859 Total 2024 £ 3,734 3,734 |
Total 2023 £ 16,052 |
|---|---|---|---|---|
| 16,052 | ||||
| Total 2023 £ 1,227 |
||||
| 1,227 | ||||
| Total 2023 £ 321 |
||||
| 321 | ||||
| Total 2023 £ 122 |
||||
| 122 |
Page 9
Byley Community Association Notes to the Accounts for the year ended 31 December 2024
| 8 Other expenditure Unrestricted 2024 £ Premises costs 15,386 Amortsaton, depreciaton, proft/loss on disposal of fxed assets 3,909 General administratve costs 272 Legal and professional costs 2,015 21,582 9 Net expenditure before transfers This is stated afer charging: Depreciaton of owned fxed assets 10 Staf costs No employee received in excess of £60,000 p.a. |
Restricted Total 2024 2024 £ £ - 15,386 - 3,909 - 272 - 2,015 - 21,582 2024 £ 3,909 |
Total 2023 £ 14,720 3,089 907 981 |
|---|---|---|
| 19,697 | ||
| 2023 £ 3,089 |
| 12 Stocks Raw materials and consumables 11 Tangible fxed assets B/f Additons Depreciaton C/f |
Land and Buildings £ 369,571 - - 369,571 |
2024 £ 242 242 Fixtures and Fitngs £ 19,213 - (3,909) 15,304 |
Total £ 388,784 - (3,909) |
||
|---|---|---|---|---|---|
| 384,875 | |||||
| 2023 £ 1,250 1,250 |
|||||
Page 10
Byley Community Association Notes to the Accounts for the year ended 31 December 2024
| 13 Creditors Amounts falling due within one year Accruals 14 Movement in funds |
2024 £ 714 714 |
2023 £ 632 |
|---|---|---|
| 632 | ||
| At 1 January Incoming resources (including other Resources 2024 gains/losses) expended £ £ £ Restricted funds: Unrestricted funds: General funds 419,146 28,619 (25,316) 419,146 28,619 (25,316) 15 Analysis of net assets between funds Unrestricted funds Restricted funds £ £ Fixed assets 384,874 - Net current assets 37,575 - 422,449 - 16 Reconciliaton of net funds At 1 January 2024 Cash Flows £ £ Cash and cash equivalents 29,744 8,303 29,744 8,303 Net funds 29,744 8,303 |
At 1 January Incoming resources (including other Resources 2024 gains/losses) expended £ £ £ Restricted funds: Unrestricted funds: General funds 419,146 28,619 (25,316) 419,146 28,619 (25,316) 15 Analysis of net assets between funds Unrestricted funds Restricted funds £ £ Fixed assets 384,874 - Net current assets 37,575 - 422,449 - 16 Reconciliaton of net funds At 1 January 2024 Cash Flows £ £ Cash and cash equivalents 29,744 8,303 29,744 8,303 Net funds 29,744 8,303 |
At 31 December 2024 £ 422,449 |
|---|---|---|
| 422,449 | ||
| Total £ 384,874 37,575 422,449 At 31 December 2024 £ 38,047 38,047 38,047 |
||
Page 11
Byley Community Association Detailed Statement of Financial Activities for the year ended 31 December 2024
| Income and endowments from: Donatons and legacies Donatons Charitable actvites Rents received Other trading actvites Fund raising events Investments Bank interest received Total income and endowments Expenditure on: Costs of Fund raising events Total of expenditure on raising funds Premises costs Rates Light, heat and power Premises cleaning Premises insurances Premises repairs and maintenance General administratve costs, including depreciaton and amortsaton Depreciaton of Fixtures and ftngs Informaton and publicatons Sundry expenses Telephone, fax and broadband |
Unrestricted funds 2024 £ - - 24,046 24,046 3,714 3,714 859 859 28,619 (3,734) (3,734) (3,734) (355) (2,985) (2,981) (1,214) (7,851) (15,386) (3,909) (49) (107) (116) (4,181) |
Restricted funds 2024 £ - - - - - - - - - - - - - - - - - - - - - - - |
Total funds 2024 £ - - 24,046 24,046 3,714 3,714 859 859 28,619 (3,734) (3,734) (3,734) (355) (2,985) (2,981) (1,214) (7,851) (15,386) (3,909) (49) (107) (116) (4,181) |
Total funds 2023 £ - |
|---|---|---|---|---|
| - | ||||
| 16,052 | ||||
| 16,052 | ||||
| 1,227 | ||||
| 1,227 | ||||
| 321 | ||||
| 321 | ||||
| 17,600 (122) |
||||
| (122) | ||||
| (122) (358) (4,394) (3,781) (1,085) (5,102) |
||||
| (14,720) | ||||
| (3,089) (129) (292) (486) |
||||
| (3,996) |
Page 12
Byley Community Association Detailed Statement of Financial Activities for the year ended 31 December 2024
| Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total expenditure on other costs Total expenditure Net gain/(loss) on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other gains Net movement in funds Reconciliaton of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2024 £ (612) (1,403) (2,015) (21,582) (25,316) - 3,303 3,303 - 3,303 419,146 422,449 |
Restricted funds 2024 £ - - - - - - - - - - - |
Total funds 2024 £ (612) (1,403) (2,015) (21,582) (25,316) - 3,303 3,303 - 3,303 419,146 422,449 |
Total funds 2023 £ (504) (477) |
|---|---|---|---|---|
| (981) | ||||
| (19,697) | ||||
| (19,819) - |
||||
| (2,219) | ||||
| (2,219) - |
||||
| (2,219) | ||||
| 421,365 | ||||
| 419,146 |
Page 13