**REGISTERED CHARITY NUMBER: 1059566** 

Report of the Trustees and 

Financial Statements for the Year Ended 31 March 2025 

for 

Priory Community Association 

Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW 



Priory Community Association 

Contents of the Financial Statements for the Year Ended 31 March 2025 

|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|2|
|Independent Examiner's Report||3||
|Statement of Financial Activities||4||
|Balance Sheet||5||
|Notes to the Financial Statements|6|to|8|
|Detailed Statement of Financial Activities||9||





Priory Community Association 

Report of the Trustees for the Year Ended 31 March 2025 

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 purpose of the charity is to provide play-schemes, outings, Christmas/Halloween parties, training, youth projects, a pensioners club and community consultation. 

The charity provides education/training, the prevention or relief of poverty, amateur sport, economic/community development/employment. 

The charity helps children/young people, elderly/old people, people with disabilities, people of all ethnic backgrounds, the general public. 

The charity delivers the above by providing buildings facilities, open spaces and acting as an umbrella and resource body. 

## **Significant activities during the year** 

Community fun days Walking groups HAF provision Coffee mornings Educational support and mentoring Mental health workshops and training Christmas family activities Holiday clubs for local children 

## **Public benefit** 

For the public benefit we provide facilities and resources for all of the local community, be they young or old people, people with disabilities and irrespective of their ethnic background. 

## **FINANCIAL REVIEW** 

## **Financial position** 

During the year the charity had net expenditure of £2,022 (2024 - net income of £7,599), This gave a carried forward surplus of £16,372 (2024 - £18,394).  All of the funds held by the charity are classed as unrestricted funds. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 

1059566 

## **Principal address** 

39 Gervase Drive Dudley West Midlands DY1 4AU 

Page 1 



Priory Community Association 

Report of the Trustees for the Year Ended 31 March 2025 

## **Trustees** 

Mr R Bennett (resigned 13.5.24) Mr S Stevens Mr M Stevens Mrs C Shakespeare (resigned 13.5.24) Mrs J Stevens Mrs L Shakespeare (resigned 13.5.24) Mr M Guy 

## **Independent Examiner** 

Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW 

Approved by order of the board of trustees on ............................................. and signed on its behalf by: 

........................................................................ Mr M Stevens - Trustee 

Page 2 



Independent Examiner's Report to the Trustees of Priory Community Association 

## **Independent examiner's report to the trustees of Priory Community Association** 

I report to the charity trustees on my examination of the accounts of Priory Community Association (the Trust) for the year ended 31 March 2025. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 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: 

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set  out in the Charities (Accounts and Reports) Regulations 2008 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. 

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. 

Craig Alan Beale 

Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW Date: ............................................. 

Page 3 



Priory Community Association 

## Statement of Financial Activities for the Year Ended 31 March 2025 

|31.3.25<br>Unrestricted<br>funds<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>301<br>**Charitable activities**<br>Grant income<br>52,868<br>Raising funds<br>33,440<br>Other trading activities<br>2<br>30,526<br>**Total**<br>117,135<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Expenditure<br>52,640<br>Raising funds<br>66,517<br>**Total**<br>119,157<br>**NET INCOME/(EXPENDITURE)**<br>(2,022)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>18,394<br>**TOTAL FUNDS CARRIED FORWARD**<br>16,372|31.3.24<br>Total<br>funds<br>£<br>5,941<br>38,000<br>12,944<br>36,030|
|---|---|
||92,915|
||85,316<br>-|
||85,316|
||7,599<br>10,795|
||18,394|



The notes form part of these financial statements 

Page 4 



Priory Community Association 

## Balance Sheet 

## 31 March 2025 

|||31.3.25|31.3.24|
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
||Notes|£|£|
|**CURRENT ASSETS**||||
|Debtors|5|2,331|-|
|Cash at bank and in hand||11,643|18,394|
|||13,974|18,394|
|**NET CURRENT ASSETS**||13,974|18,394|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||13,974|18,394|
|**NET ASSETS**||13,974|18,394|
|**FUNDS**|6|||
|Unrestricted funds||13,974|18,394|
|**TOTAL FUNDS**||13,974|18,394|



The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 

............................................. Mr M Stevens - Trustee 

The notes form part of these financial statements 

Page 5 



Priory Community Association 

Notes to the Financial Statements for the Year Ended 31 March 2025 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, 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 Charities Act 2011. 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. 

## **Taxation** 

The charity is exempt from 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. 

## **2. OTHER TRADING ACTIVITIES** 

|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||31.3.25|31.3.24|
||£|£|
|Cafe and bar takings|30,526|36,030|



## **3. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. 

Page 6 

continued... 



Priory Community Association 

|Notes to the Financial Statements-continued|Notes to the Financial Statements-continued||||
|---|---|---|---|---|
|for the|Year Ended 31 March 2025||||
|**4.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||||
|||||Unrestricted|
|||||funds|
|||||£|
||**INCOME AND ENDOWMENTS FROM**||||
||Donations and legacies|||5,941|
||**Charitable activities**||||
||Grant income|||38,000|
||Raising funds|||12,944|
||Other trading activities|||36,030|
||**Total**|||92,915|
||**EXPENDITURE ON**||||
||**Charitable activities**||||
||Expenditure|||85,316|
||**NET INCOME**|||7,599|
||**RECONCILIATION OF FUNDS**||||
||Total funds brought forward|||10,795|
||**TOTAL FUNDS CARRIED FORWARD**|||18,394|
|**5.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.3.25|31.3.24|
||||£|£|
||Other debtors||2,331|-|
|**6.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement|At|
|||At 1.4.24|in funds|31.3.25|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|18,394|(4,420)|13,974|
||**TOTAL FUNDS**|18,394|(4,420)|13,974|



continued... 

Page 7 



Priory Community Association 

Notes to the Financial Statements - continued for the Year Ended 31 March 2025 

## **6. MOVEMENT IN FUNDS - continued** 

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

|**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>117,135<br>117,135|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(121,555)<br>(4,420)<br>(121,555)<br>(4,420)|
|---|---|---|



## **Comparatives for movement in funds** 

||Net||
|---|---|---|
||movement|At|
|At 1.4.23|in funds|31.3.24|
|£|£|£|
|**Unrestricted funds**|||
|General fund<br>10,795|7,599|18,394|
|**TOTAL FUNDS**<br>10,795|7,599|18,394|
|Comparative net movement in funds, included in the above are as follows:|||
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|**Unrestricted funds**|||
|General fund<br>89,165|(81,566)|7,599|
|Designated fund<br>3,750|(3,750)|-|
|92,915|(85,316)|7,599|
|**TOTAL FUNDS**<br>92,915|(85,316)|7,599|



## **7. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 March 2025. 

Page 8 



Priory Community Association 

Detailed Statement of Financial Activities for the Year Ended 31 March 2025 

|Detailed Statement of Financial Activities<br>for the Year Ended 31 March 2025|||
|---|---|---|
||31.3.25|31.3.24|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|301|5,941|
|**Other trading activities**|||
|Cafe and bar takings|30,526|36,030|
|**Charitable activities**|||
|Centre hire|18,232|11,424|
|Fundraising events|15,208|1,520|
|Grants|52,868|38,000|
||86,308|50,944|
|**Total incoming resources**|117,135|92,915|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|52,640|23,006|
|Rates and water|1,705|1,571|
|Insurance|1,075|541|
|Light and heat|9,431|9,187|
|Telephone|971|933|
|Arts and craft stationery|87|213|
|Repairs and maintenance|6,455|6,156|
|Daytrips and activities|-|1,081|
|Licences|240|1,973|
|Computer expenses|80|-|
|Volunteer expenses|-|1,550|
|Centre monitoring|-|897|
|Accountancy|2,453|876|
|Bar, food & catering suppliers|29,564|30,180|
|Room hire and event costs|13,385|7,116|
|Sundry expenses|1,071|36|
||119,157|85,316|
|Total resources expended|119,157|85,316|
|**Net (expenditure)/income**|(2,022)|7,599|



This page does not form part of the statutory financial statements 

Page 9