Company gIstratiOn numb¢r". 3271251 Charity registration ll¥Jmber.' 1060435 Eldene (Swindon) Community Association Ltd (A company limited by share capitsl) Annual Report and Finan¢ial Statements for the Year Ended 31 Mar¢h 2024
El(Jeue (Swindvn) c0munIty knociation Ltd Contents Referenc¢ and Administrntive Detsils Trustee's Report 2103 Ind¢p¢ndent Examin¢rfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7t{> 16
Eldeu¢ {Swindou) Coiniiiuiiity A550ciatiou Ltd Reference and Admillistrative Details Trustee James Martin B¢lln¢tt Charity Registration Number 1060435 Company Registr4lion Number 3271251 The charity is incorporated in England and Wales. Eldene Community Centre Eldene Swindon Wiltshire SN3 3R2 Registered 0]ee Pag¢
Eldene (Swindon) Community Association Ltd Trustee's Report The member, a director for the purposes of company law. presents the annual report together with the financial statements and auditors, report of the Charitsble mpally for the year ¢nd¢d ) l March 2024. Objectives and activities ObjértlVe5, slrqlegies and fjrtivifies The principal aclivity of ihe company is the operntion of ihe Eldene Community Centr¢. Swindon. The Association's objectives are to provide a ¢entr¢ for th¢ lo inhabilants of Eldene and the neighbourhood without distinction of sex. sexual orientation or race. and a political. religious or the opinion5. by a550cialion log¢iher the said inhabithnts and the local authorities, voluntary and other organisations in a commoii ¢ffon to advanc¢ education and to provide facilities in the interest of the social welfare for the recreation and leisure- tim¢ with the object of improving the conditions of life the said inhabitant. The charity is largely financialty dependent on Eldene {Swindon) CA Trading Limited with £5.400 of the income for the year being re¢eiv¥ble from this entity. Eldene (Swindonl CA Trading Limited is r¢lated by Common control. Public eT11 Th¢ trustee confirm that th¢y have wmplied with the requirements of 5tion 17 of th¢ Charities Act 2011 to hav¢ due regard to the public benefit guidance published by the Charity Commission for England and Wales. Trustees and officers The trustees and officers serving during the year and since the year were as follows: Tntee. James Martin Bennett Structure. governance and management Organi5ationalstruclure The ¢harity is run by a committee, comprising th¢ ¢Nsl¢¢s and company secretary. The trustees include chaitTrerson and treasurer. The ttustees are appointed by votes or by Ordinary Resolution ai Annual G¢n¢rai Meetings. Page 2
Eldene (Swindon) Communiry AssociatlOD Ltd Trustee's Report Major risks qndmanagemeni ofihose rlsks Resgives axdrisk esSment The committee are responsible for reviewing the financial requirements of the charity. The eharity has retained reserves which would cover overheads for approximately twelve months if income was to cease. Th¢ committee has 3ss¢ss¢d the risks affe¢iing the charity. Sysi¢ms are in place io miiigate those risks. Statement of trustee's responsibilities The ttustee (who is also the director of Eldene {Swindon) Community Association Ltd for the purpos¢s of company law) is responsible for preparing ihe trustee's report and ihe finomcial statements in a¢cordan¢¢ with appli¢able law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prdcticel. including FRS 102 "The Fithancial Reporting Standard applicable in the UK and Republic of Ireland". Company law requires the member to pr¢par¢ financial st#t¢ments for each finan¢ial year. Under company law the member must not approve the financial statements unless satisfied that they oive a true and fair view of thc state of affairs of the Charitable COTnpany and of the incoming resources and appSi¢ation of resourc¢s, including its in¢ome and expenditure, of th¢ charitable company for that period. In pr¢paring th¢se fingn¢ial statements, the member is required to.. select suitable accounting policies and apply them consistently. observe the methods and PTinciples in the Charities SORP. make judgements and estimates that are reasonable and pNdent" State whether applicable accounting stsndards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements- and pr¢par¢ th¢ financial stat¢ments on the going ¢on¢¢m basis w)l¢ss it is inappropriate to presume that the charitable company will continue in business. The member is responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of ihe Charitable Company and enable them ensure thai the financial statements comply with the Companies Act 2006. also resw)nsible for safeguardiiig the assets of the cliarifabl¢ ¢ompany and hence for taking reasonable sleps for the prevention and detection of fraud and oth¢r IegularIties. The trustee is responsible for the maintenance and inteIty of the Corporate and financial inforn)ation included on th¢ ¢haritable company's website. Legislation governing the preparation and dissemination of financial statements may differ from l¢gislalion in other jurisdithions. The annual report was approved by the member of the charity on . and signed on its behalf by.. James Martin Bennett Tnistee Page 3
Eldene (Swindon) Communiry Association Ltd Independent Examiner's Report to the trustee of Eldene (Swindon) Community Association Ltd {'the Company'} I report to the charity trustee on my examination of the accounts of the Company for the year ended 3 1 March 2024. Responsibilities and basi$ of r¢p)rt As the Charity's trust¢e of the Company (and ?150 its dir¢ctors for th¢ purposes of company law) you are responsibl¢ for the preparation of the accounts in accorda1C with the requirements of the Cornpanies Act 2006 ('the 2006 A¢i'). Having 5alisfi¢d myself that th¢ aroounls of the Compgny aTe not required to be audited under Part 16 of the 2006 Act and are eligible for independeni examination. I re)rt tn respect of my examination of your charity's accounts a5 carried out under section 145 of the Charities Act 2011 ('the 201 l Act.). In CaTrying out my examinaiion I have followed the Directions given by the Charity Commission under tion 14515)(b) of the 2011 A¢t. Independent examiner's statement I have completed my examination. I confirn] that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of Eldene (Swindon) Community Asso¢iation Ltd as required by section 386 of ihc 2006 Acc or 2. the accounts do not a¢cord with ihos¢ re¢ords,' or 3. the accounts do noi comply with ihe accounting requirements of section 396 of the 2006 A¢t other than any r¢quiremeni that the a¢¢ovnts give a 'tru¢ and fair view which is not a matter considered as part of an independent ¢xamin#tion- or 4. the a¢¢ounts have not been prepar¢d in cordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with thc Financial Rcporting Standard appliuble in th¢ UK and RubliC of Ireland (FRS 10?)]. I have no concerns and have come rosS no other matters in conn¢¢tion with the ¢xaminalion to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Chris P. enior Partner Hinton Abbott Accountants C/(/, la4k Date". Page 4
Eldene (Swindon) Community Association Ltd Statement of Financial Activities for the Year Ended 31 March 2024 ncluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2024 Note IDcome and Endowments from: Donaiion5 and legacies Charitable activities 10,865 25.771 10,865 25.771 Total income 36,636 36,636 Expenditure on: Charitable activities {46,514) (46,5141 Total expenditure {46,514) (46,i14} Net exp¢ndilure (9.878) {9.878) Net mov¢m¢nt in funds (9,878) (9,878) Reconciliation of Cunds Total funds brought forward 45,867 45,867 Total funds ¢arri¢d forward 14 35,989 35,989 Total 2023 Unrestrieted Note Ineome and Endowments from: Donations and legacies Charitable activities 9,334 19.616 9,334 19,616 Total income 28,950 28.950 Expenditure on: CharRtsble activities 133,579) {33,579) Total expendiluTe 133.579) {33.579) Net expendittire (4.629) 14.629) Net movement in funds (4,629) (4,629) Recontili#tion of funds Total funds brougbi fonvard 50.498 50,498 Total funds carried forward 14 45,869 45,869 All of the charity's activities derive from contilluing operations during the alK)ve two periods. The furkds breakdown for 2023 is slM)wn in note 14. The notes on pages 7 to 16 form an integral part of these financial statements. Pag¢ 5
EldeDe (Swindon) Communiry Associarion Ltd (Registration number: 3271251) Balance Sheet as at 31 March 2024 2024 2023 l¥ote Fixed assets Tangible assets 10 1.744 CllrreDt ¥S5ets Debtors Cash at bank and in hand 37,474 12,610 12 4,451 41,510 50,084 Creditors: Amounts falling due within ont year Net eurrent assets 13 (7,265) (4,215) 34.245 45.869 Net #ssets 45,869 Funds ofthe eharity: Unrestricted income fulld5 Unrestricted funds 35,989 45,869 Tot#1 funds 14 35,989 45,869 For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Aci 2006 relating io small companies. Dir¢ctorfs responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with se¢lion 476. and The responsibilities for comptying with the requirements of the Act with respect to accounting records and the preparation of a¢counts. Y411, Th¢ finan¢io1 stat¢m¢nts on pages 5 to 16 were approved by the , and authorised for issue on .................... on behalf by= and signed James Martin Bennett Trustee The notes on pages 7 to 16 form an Antegral part of these financial statements. Page 6
Eldclle (Swindon) Community Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 I Charity stgtu$ The charity is limited by share ¢apitsl, in¢orporaied in England and Wale5. The address of its registered office is.. Eldcne Community Centre Eldene Swindon Wiltshire SN3 3R1 Authorised for issue date 2 Aecounting polieies Summary of significant accounting policies and key accountjDg estimates The principal accounting policies applied in the preparatlon of these fanCIal statements are set out below. These policies have been consistently applied to 811 the years presented. unless Otherwise staled. Stxtement of Compliance The finaneial statetnenis have been prepared in accordance with AUnting and Reporting by Charities: Sta¢em¢nl of Recommended Practh"ce {applicable to charities preparing their accounts in accordance WTth the Financial Reporting Siandard applicable in the UK and Republic of Ireland {FRS 102)) {i5sued in Ociober 2019) - (Charities SOKP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102) and the Companies Act 2006. Basis of preparation Eldene (Swindon) Community Association Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transxtion value unless Otlierwi5¢ slatcd in the relevant accounting policy note5. Coing eoncern The trustee Consider that there are no material unc¢nainties aboui the ctwity's ability to continue as a going concern nor any significanl areas of uncertainty that affect the carrying value of assets held by the charity. Eiemption frotry prep*ring * eash floiv ststetnent The charity opted io early adopt Bulletin I published on 2 February 2016 2nd have therefore not included a c&%h flow statement in these financial statements. Income and endowments Incoming resources are reported gross and are recognised when receivable. Page 7
Eldene (Swlndon) CommuDIty Assoeiation Ltd Notes to the Finaneial Statements for the Year Ended 31 March 2024 Expenditure All expciiditure is r¢cognised oncc thcre is a legal or constructive obligation 10 that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to ihe applicabl¢ ¢xpenditure heading that aggregate similar costs to that category. Where costs cannot be directly attribuled to particular headings they knve been allockted on a basis consi5tenl with the use of re50urce5, Wlth centr41 staff costs allocated on the basis of time spent, and depreciation charges allocaT¢d on the ponion of the asset's use. Other support costs are allocated based on the spread of staff costs. Chariiable activities Charitable expettditure c(Jmprises tbose COSL8 incurred by the charity in the delivery of its activitie5 and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect alure necessary to support them. Governgnce costs These inclEid¢ the ¢osls artributable to the charity's compliance with ¢onstitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses. Taxation The charity is ¢onsidered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corw)ration lax purFoses. Accordingly. lh¢ charity is p)t¢nlially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I I of the Corporation Tax Ad 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to th¢ exteni that such income or gains are applied exclusively to charitable purp)ses. T4ngible fixed assets Individual fixed assels costing £100.00 or more are initially recorded at W5t. less any subsequent accumulated depreciation and subsequent accumulated impairnient losses. Depreci4tion bind amortisation Depreciation is provided on tangible fixed Sets so to write off the cost or valuation, less ony estimated residual value. over their expecied useful economic life as follows: Asset class Plant and Machinery Offioe Equipm¢nt Depreciation method and rAte 25 % Strdight Line Basis 200/0 Straight Line Basis Tradt debtors Trade debtors are amounts due from customers for m¢rchandise sold or services performed in the ordinary cout3e of busines5. Trade d¢btors are recognised iniiiatly at the Iransa¢tion price. They are subsequently measured at amortised cost using the effective interest meihod, less provision for impairnient. A provision for ihe irnpaiTTnent of trade debtors is established when there is objective evidence that the charity will not b¢ &ble to collect all amounts due according to the original iemis of the receivables. P4g¢ 8
Eldene (Swindon) Community Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 Cash aDd cash equivalents Cash and ¢ash equivalents ¢omprise cash on hand and call deposits. and other short-temi highly liquid investments that ar¢ readily ¢onv¢nible to a known amounl of cash and ate subjeci to an insignificant risk of change in value. Trade Creditors Trad¢ ¢reditors ar¢ obligations to pay for goods or seryices thai have been a¢quir¢d in the ordinary ¢ours¢ of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an uncondilional right, al the end of the reporting period. to defer settlement of the credilor for at least twelve months after the reporting date. If there is an unconditional right to defer s¢ttl¢m¢nt for ai least twelve months after the reporting date. they are presented &5 nonwcurrent liabilities. Trade creditors are recoJo ised iniiially ai the irdrLSaCtion price and subsequently measured at amortised cost using the effective interest method. Fund stru¢tur¢ Unrestricted income funds are general funds that are available for use at the trnstee's discretion in furtherdnce of the objectives of the charity. 3 Income from donations and legacies Unrestricted funds Central Total funds Other income from donations and legacies 10.865 10,865 Total for 2024 10,865 10.865 Total for 2023 Page 9
Eldene (Swindon) Community Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 4 Income from cbaritable activities Unre$trict¢d fuDds Geoeral Total funds Provision of facilities 25.771 25.771 Total for 2024 25,771 25,771 Total for 2023 19.616 19,616 S Expenditure on charitsble activities Unrestricted funds General Total funds Note ProvisiorÉ of facilitÈes Govemanc¢ costs 31.790 14,724 31,790 14,724 Total for 2024 46,514 46.514 Total for 2023 33.579 33,579 Page 10
Eldene (è•windon) Lommunity Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 6 Allalysis of governance and support costs Governance costs Unrestricted funds Gelleral Total funds Staff ¢osls Wages and salaries F¢¢5 paid to indep¢nd¢ni ¢xwnin¢r Legal fees Depreciation. amorti5ation and other similar costs Other governance costs 10,776 912 ?79 581 2.176 10,776 912 279 581 2,176 Total for 2024 14,724 14,724 Total for 2023 13.078 13,078 7 Net incomingloutgoing resources Net outgoing resources for the year include-. 2024 2023 Depreciation of fixed 18sets 581 91 8 Staff costs The aggregaie payroll costs were as follows.. 2024 2023 Staff eosts during the year Ivere: Wages and salaries 10,776 9,849 The monthly average number of persons (including senior management I leadership team) employ¢d by th¢ ¢harity during the year expressed as full time equivalents was as follows: 2(124 2023 No Administration 2nd support No employe¢ received emoluments of more than £60,000 during the year. Page 11
Eldene (Swindon) Community Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 9 T4xation The charity is a registered charity aThd is therefore exempt from taxatlon. 10 Tangible red assets Furniture and equipment Total Cost At l April 2023 Additions 44,644 2,325 44,644 2,325 At 31 March 2024 46.969 46.969 Depreciation At l April 2023 Charge lor the year 44.644 581 44,644 581 At 31 Mar¢h 2024 45.225 45,225 Net book value At 31 March 2024 1.744 1.744 At 31 March 2023 I l Debtors 2024 2023 Trade debtors Prepayments Accrued income 7.560 7.560 705 180 29.029 180 29.029 Other debtors 37,059 37,474 12 Ca%h And rgsh equivaleDts 2024 2023 Cash on hand Cash at bank 964 3,487 186 12,424 4.451 12,610 Page 12
Lldene (Swindon) Lommunity Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 13 Creditors: amounts falling due JvithiD one year 2024 2023 Trade creditors Other taxation and social security Other creditors A¢¢Nals 2,593 20 1,222 1,076 318 {1) 2.822 7,265 4,215 Page 13
Lldene (Swindon) Lommunity Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 14 Funds Balance at I April 2023 Incoming r¢sour¢es Resourc expended Balance at 31 Mah 2(124 Unrestrieted funds Genernl 45.867 36.6)6 (46.514) 35,989 Balance at I April 2022 Incoming resources Resources expended Balance ai 31 March 2023 Ullrestrieted funds General 50.498 28.950 {33.579) 45.869 15 Anatysis of Det assets between funds Unrestricted funds General Total funds at 31 March 2024 Tangible fixed &ssets Current assets Current liabilities 1,744 41.510 17,265) 1,744 41.510 (7,2651 Total net &ssets 35.989 35.989 Unrestricted funds General Total funds at 31 March 2023 CuTTent assets Current liabililies 50,084 14,215) 50,084 (4,215) Totsl net assets 45.869 45,869 16 Analysis of Det funds At l April 2023 At 31 March 2024 Cash at bank and in hand 4,451 4.451 Net debt 4,451 4.451 Page 14
Eldene (Swindon) Community Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 At l April 2022 At31 March 2023 Cash at bank and in hand 12,590 12.590 Net debt 12,590 12,590 Page 15
EldeDe (Swindon) C0mUnity Association Ltd Notes to the Financial Statements for the Year Ended 31 Mareh 2024 17 Related party transactions During the year the charity mad¢ the following fflated party transartions.. EldeDe (Swindon) CA Tr*ding Limited {During the year the company charged rent of £5.400 to EldeThe {SwiDdon) CA Trading Limited (2023: 3.600). An amount of £29.029 (202J'. £29.029) owed to the MpanY by Eldene (Swindon) CA Trading Limited is in¢lud¢d in other debtors. Eldene ( Swindon) CA Trading Ltmited's principal activity is the operntion of the bar and function trading activities of the Eldene Community Centre. Swindon. IVS tumover for the year ended 3 1st March 20?4 totsled £130,812 ( 2023.. £132.632). and it's net loss before tax for the year was £14,642 { 2023: £7,915).) At the balance sheet date the amouni due from Eldene (Swindon) CA Trading Limffited w&8 £29.029 (2023 £29,029). Page 16
Eldene (Swindon) Community Association Ltd Detailed Statement of FinaD¢i21 Activities for the Year Ended 31 March 2024 Totsl 2024 Total 2023 Income *nd Ethdowments from: Donations and legacies {analysed below) Charitable activities (analysed below) 10,865 25.771 9,334 19.616 Tot81 incom¢ 36.636 28,950 Expenditure on: Chariiable activities (analysed below) 146,514) (33,5791 Totsl expendiwre 146.514) (33,579) Net expenditUTe {9,878) (4,6?9) Net movement in funds {9,878) (4.6?91 ReconciliatlOD of funds Total funds brouoht forward 45.867 50.498 Total funds carried forward 35.989 45.869 This page does not fonn part of the statutory financial statements. Page 17
EldeDe {SwiDdon) Community Association Ltd Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Donations ld legacies Other income 10,865 9,334 10.865 ChariÉllble aaivilies Rent receivable from associated company Membership contributions received D¢ffer¢d memb¢rship from previous year 24,567 1.204 18,566 1.028 22 25,771 19.616 Charilable aclivilies Direct costs Waier rates Light, heat and power Insurance Repairs and maintenan¢e Wages and salaries Office expenses Printing, wstage and stationery Accountancy fees Legal and professional f¢es DeprKiation of plant and machinery Depreciation of oifice equipment 4,)78 2.433 20.790 3,587 602 10,776 2.176 3,6i5 217 13.358 3.291 9,849 1.764 43 912 419 912 279 556 25 91 46.514 33,579 This page does not forni part of th¢ stathlory financial statements. Page 18