Company Number: 03288143 Charity Number: 1060204 GAINSBOROUGH AND DISTRICT WELFARE COMMUNITY ASSOCIATION LIMITED Trustees. Report and Financial Statements for the Year To 31 December 2024 Wright Vigar Limited Chartered Accountants and Business Advisors 1 Engine House Marshalls Yard Beaumont Street Gainsborough Lincolnshire DN212NA Gainsborough And District Welfare Communtty A880ciation Limlled Year ended 31 December 2024 CONTENTS 1 Legal and Administrative Information 2 Trustees, Annual Report 3 Independent Examlne¢s Report 4 Statement of Financial Activities 5 Balan￿ Sheet 6 Notes to the Finaneial Statements Galn8borough And Distrlct Wèlfare Community Assoclallon Limlted Year endod 31 DeceM￿r 2024 LEGAL AND ADMINISTRATIVE INFORMATION CONSTITUTION WELFARE COMMUNITY Gainsborough & District Welfare Communty Association Limited is a registered chanty which operates as GainsboTough House. It is a company limited by guarantee and a registered charity govemed by its rnemorandum and ar￿deS of association. DIRECTORS AND TRUSTEES The directors of the charrtable ￿rnpanY {'Ihe chariV'} are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. The trustees are eleded by open vote at the AGM. The chairman of th¢ trustees is Mr Paul Howitt-cowan and this office is held indefinitely. TRUSTEES C Bradtey S R Hardy R S Fellows- resigned 18 July 2024 T Daniels- resigned 18 July 2024 P Howitt-cowan D Betton COMPANY SECRETARY Mr S R Hardy REGISTERED OFFICE: 22 Market Place Gainsborough Lincolnshire DN212BZ COMPANY REGISTRATION NUMBER 03288143 REGISTERED CHARITY NUMBER . 1C60204 ACCOUNTANTS . Wright Vigar Limited Chartered Accountants Engine House, Marshalls Yard Beaumont Street Gainsborough Lincolnshire DN212NA INDEPENDENT EXAMINER: D Goc#Yall FCA 1 Engine House. Marshalls Yard Beaumont Street Gainsborou9h Lincolnshire DN212NA BANKERS . HSBC Bank PIC 21 Market Place G8in$borough Lincolnshire DN2128V Gainsl>orough And District Welfare Communlty Asso¢iatlon Limited Year ended 31 Decemb¢r 2024 TRUSTEES ANNUAL REPORT OBJECTIVES AND ACTIVITIES Objgctives and aims The principal objecls of the Charitable Company, as outlined in the memorandum of association. are.. 1. To promote the ben8fit of the inhabitants of the area of benefit by associ8ting it together the inhabitants and local authorities, voluntary and other organisations to advance the education, social v￿lfare and other leisure time o¢¢upations. 2. To establish a community centre. 3. Other suGh charilable purposes. Recruilmont of Tru8tee8 The appointment of any new Trustee is at the discretion of the existing Trustees and is subject to their un8nimous approval. New Trustees are chosen for the skills and enthusiasm that they bring to the Company. Publ1¢ 8enefit In deciding its aGtivities the Trustees of the charity has had due regard to the Charity Commlssion's guidance on public benefit. ACHIEVEMENTS AND PERFORMANCE Charltable Activities Hiring room space to local ¢harity organisations Organising coffee mornings and group meetings Fetes and parties FINANCIAL REVIEW Reserves Policy At the year end the charity had total reserves of £60.242 all of which We￿ unrestricted. The Trustees aim to tarry hold reserves of 12 months expenditure in order to ensure the ongoing operations of the charity should the income streams reduce. Approved by order of the board on .and signed on its behalf by.. DAVID BELTON - DIRECTOR STEVEN HARDY - DIRECTOR Inde ndent Examinerfs Re rt to the Trustses of Galnsborou h And Dlstrict Welfare Communl Asso¢ialion Llmlted Independent examiner's report to the trustees of Gainsborough & District Welfare Community Association Limited I'the Company. I report to the charity trustees on my examination of the accounls of the Company for the year ended 31 De￿mber 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the pU￿ose5 of company law) you are responsible for the p￿paration of the accounts in ac￿rdance wrth the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are nol 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 charily's accounts as carried out under section 145 of the Charilies Act 2011 rthe 2011 AcV}. In carrying out my examination I have followed the Directions given by th8 Charity Commission under section 145(5} Ib) of the 2011 Act. Independent examinetr8 Statement I have completed my examination. I confirm that no matters have ￿me to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect oflhe Company as required by section 386 of the 2006 Act.. or the accounts do not accord with those records; or the accounts do nol comply wilh Ihe accounting requirements of $eclion 396 ofthe 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 indepeTkdent examination" or the accounts have not been prepared in accordance with the methods and ptinciples of the Statement of Recommended Practice for accounting and reporting by charities [?pplicable lo charities preparing their ac¢x>unts in accordance with the Financial Reporting Standard applicable tn the UK and Republic of Ireland (FRS 102)]. I have no COn￿mS and have come across no other matters in connection wlth Ihe examinallon to whith attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. /}/ /.// D Goodall FCA Wright Vigar Limsted Chartered Accounlants & Business Advisers 1 Engine House Marshalls Yard Gainsborough Lincolnshi DN212NA Page 3 G•lnsb¢rough And Dlstrlctwelfarn CoTrwnunlty A¥s0¢iation Limited Company Numb•r . 03288143 stat•m8nt of Financial Activities {in¢ludlny In¢om8 and Ewndlturn account) for th• year ended 31 December 2024. 2024 Total 2023 Total Not68 Income 8nd endowments fr¢m: Donations and grants Activiti8s to further the charity's objects= Activities to generate funds-. Room Hire Investrnent income and interest 23.260 45,130 11,503 2,274 14,316 2,108 Total incoming r•8ouKo8 37,037 61.554 Expendltslre on: Rent & Rates Light & Heal Maintenance costs Insuran Telephone Cleaning and gardeniny Office expenses Secretarial assistance Sundry Expense5 Independent Examiner'5 Fee Bank charges 22,028 11,275 6,988 2,700 582 3,378 264 7,B50 140 1.416 88 56.687 21,881 9,460 6,750 2,$42 529 3,213 118 7,631 82S 1320 82 Net incomingl{oulgoingl resourrEs -19,650 7,203 Total fund$ brought forward 79,892 72,689 Total funds carried forward 79.892 The Charity has no restricted funds. Galnsborough And District Welfare Communlty Asso¢latlon Llmltèd Company Number . 03288143 Balance Sheet as at 31 Deeember 2024 2024 2023 Note Tangible Assets Debto Bank balances and cash 2,764 61.160 63.924 4.327 77,663 81,990 Current Liabilities 3,682 2,098 Net current assets 60,242 79.892 Nel assets 60,242 79.892 Funds Unreslrlcted 60.242 79.892 The ch8ritable company is enlitled to exemption from audit under Section 477 of the Companies Act 2006 for the yéar ended 31 December 2024. The members have not required the ¢harftable company lo obtaln an audit of its . Inancial statements for Ihe year ended 31 December 2024 In accordance with Section 476 of the Cornpanies Aci 2006. The Trustees acknowledge their responsibilities for (a} en$urlng the chariiable company keeps a¢counting records thal comply wlth i>ections 386 and 387 of the Companies Ad 2006 and {b) preparing financial ststements which give a true and fair view of the stale of affairs of the charitable company as at Ihe er¢d of each financial year and of its surplus or deficit for each financial year in a¢¢ordance with the requlrem8nts of Sedions 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 rela￿￿9 lo financlal statements. so far as applicable to the Charitable company. These financial stslements have been prep8red in a¢¢ordance with the special provisions ol Part 15 of the Companies Ad 2006 relaling to charitable small ¢ompani&s. These financial Statements were approved by the Board of Tnjstees on... slgned on 51$ behalf by.. . and were ON BEHALF OF THE BOARD DAVID BELTON - DIRECTOR STEVEN HARDY- DIRECTOR DATED: Galnsborough And Dlstrlct Wèllarè Communlty Assoclatlon Llmlted Company Number . 03288143 Nots8 to the Flnancl81 Statements for the Year Ended 31 December 2024 1. ACCOUMTING POUCIES al Statutory Infomiation Gainsborough & Dislnct Wellare Communily A8socialion Limiled 15 a charity limiled by guarantee, registered in England and Wales. The compan￿$ registered number and registered Offi￿ addrest can be found on the referente and and administ￿tiVe details. which is within the report of the trustees. bl Basis of p￿paring the financial ststements The finanLaal statements of the charrtable company. which is a public benefft entily under FRS 102. have been prepared in aC0)rdan￿ with the Charities SORP IFRS 1021 'Accounting and Reporting by charit￿s.. Statement of Recommended Practice applicable to charitie5 preparing their accuvnls ir7 accordan￿ with the FinanrAal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 20191,, Financial Reporting StaThlard 102 The Financial Reports"ng Standard applicable in the UK arKI Republic of Ireland. and the Companies Acl 2006. The financial statements have been prepared un(kr the historical cost ¢onvenlion. Financial reporting stsndard 102 - ￿duced disctosure exemptions The charity has taken advantage of the following disclosure exemption in preparing Ihese financial 8tatements, as permitted by FRS 102'The Financial Reporting Slandgrd applicable in the UK and Republic of Ireland,: - the requlrements of Secilon 7 Ststemenl ol Cash FIov48. ¢1 Income All income Is recognised in the Statement of Financial Activities OTh￿ the charity has entitlement to the funds, it is Probab￿ that th8 income will t* received and the amount Can be measured reliably. d) Donated fa¢llltle8 The premises from which the ￿nPanY operates are owned by West Lindsey District Council. Had the charity rented these premlses on a commercial b8s1s, a rent of £20,CQO per annum would have been payable. This amount has been included as donats'ons under incoming resources. e) EX￿n￿lture Liabilities are reeognised as exFenditure as soon as there is a legal or construdive obligation committing the charity lo that expenijiture, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligalion (xn be measured reliably. Expenditure is a￿)Unted for on an acowals bagis and has been classified urnler headÈngs Ihat ag9￿gate all cost related to the category. Where costs cannol be directly attributed to particular headings they have been allocated to activities on a basis (Lbnsi5tent with the use ol resources. fj Tanglble fixed assets Depre￿atiOn is provided at rates calculated to write off the e05t le55 residual value ol each asset over its expected useful lile. as.follows". Equipment- 20% on co51 gl Funds Unrestiicted funds represent the free fvrKls of the charity vthich are not designaled fcr any partiGular purpose. Al 31 December 2024 all funds s￿ ￿n￿$trI￿￿. 2. DONATION8 AND GRANTS RECEIVED 2024 2023 General donations 23,260 45.130 45,130 G&ln$borough And Dl8trlet W•lfarfr Commur¢lty A880elatlon Llmtted Company Nvmber: 03288143 Not•s lo the Flnan¢lal Stat•nwnts lorth• Ygor Ended 31 D•c•mber 2024 {¢onllnuedl 2024 2023 3. BANK INTEREST RECEIVABLE Dep051t atcounl interest 2.274 2,274 TAXATION The thariiabl8 company Is exempt frorn CQFporatiDn tax on its Charitable activltles. TANGIBLE FIXED ASSETS IPMENT COST Al 1 January 2024 and 31 Oecernber 2024 DEPRECIATION Al 1 January 2024 and 31 Decernbei 2024 25,000 25.IK 25.000 NET BOOK VALU£ Al 1 January 2024 arKI 31 D￿Mtse¢ 2024 6. DEBTORS Other deblors Prepayments and accrue(I Income 2,489 275 2,764 4,￿7 260 4,327 7. CREDITORS other Gredilors Accrnals 2,266 1.418 3,682 778 1,320 . MOVEMEMTS IN FUNDS At1 Jonuary 2024 At31 D•¢•mb•r Incomlng R88our¢è¥ Outgolng Rwurc88 UnreslTi¢ted funds 79.892 37.037 -56.687 50.242 Totsl fvnd8 79.892 37.037 -66,687 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unfestrlcte(S Funds 2024 Total FundB 2023 Current assets Current Ilabllities falling due ￿th1Th one year 63,924 3,882 81,990 2.098 N•t ￿8•ts at 31 P•¢•mber 2024 80.242 10. TRUSTÉE REMUNERATION AND EXPEIISES During the year to 31 Dec¢tnbgr 2024 tolal payments rnade to Trustees in relatfjon to rernuneration OF expense redaims amounted lo £10,959. 11. CONTROLLING PARTY The charitable cornpany is controlled by it's board of Tnjstees. 12. RELATED PARTr DISCLOSURES There are no related party If?nsAdi¢Jns to dlsdos•.