Demesne Community Association Report and Accounts Year ended 31 March 2024
Demesne Community Asso¢iation Report and Accounts Year ended 31 March 2024 Contents Legal and Administrative Information Report of the Trustees Independent Examiners Report Statement of Financial Activities Balance Sheet Cash Flow Statement Notes to the Financial Statements General Income and Expenditure Account 14 Nursery Income and Expenditure Account 15
Demesne Community Association Report and Accounts Year ended 31 March 2024 Legal and Administrative Inforniatlon Registered Charlty Number 1061422 Company Number 03288971 Registered Office Asby Close Langley Middleton Manchester M24 4JF Trustees Ms C Fraser Mr D Fraser Mi55 H Binns Bankers Nat West Bank PIC Middleton Branch Unit 6-9 Midway House Long Street Middleton M24 6NW Accountants Archwood Accountants 4648 Long Street Middleton Manchester M246UQ Indpendent Examlner Mr A S Foxcroft 4648 Long Street Middleton Manchester M24 6UQ Page I
Rq)ort and Accounts Year ended 31 Mirth 2024 Trustees Report tothe Members ol Dernesne Communlty As%Kiation The Tru#ees present theiranrtual report and the financial ststements for the year ended 31 March 2024. The Report of the Trustees has been prepared in aCCOfdance with the Statement of Recpmrnended Pfacrice and Reportin8 by Charities ISORP FRS 1021. G¢)¥erning Documents The Association is governed by its Mernorandum and Articles of Association and is a Charitsble companv limited by guarantee. Strutture Go¥ernpnce and Mana¢ement The Trustees (who form the management committee of the A53ttiationl are also director5 a5 defined by the Cornpanies A¢t 2Crf)6. The Senior Mana8er forthe Association wa5 Ms S Patterson. Trustees are elected by the existing Trustees as a body. newtrustees are provlded with training and infom)atlon about the role and expectations of a charity tnjstee. The day-to43y management of the assc<iation 15 ty the Senior ManaBer following wlKies and procedures agreed bythe Trustees. Oblects of the Charfty, Prlwipal Acthiities and Oryanision The DbjÈtts of thè Charfty areto prOftte the bentfft otthè Inhabltsnts of Lan85ey and their immèdi31è ènvlrons by working together with inhabitants. I7 authorities and voluntary orgahisations in a common effect to advance edueation and to provide fadlities in the interest of social welfare for recreational and leisure time occupation with the object of improving the conditions of life forthe inh•biian The Trustees confirm thatthey hzve p3id due rwrd tothe Chartty Commisgon guidance on public benefft when deciding what 3ctivitie5 the Cttarity should undertake. vt51on and M15sion The vision and rni5sion of thè Charity arèto ÉMpr communities and enrieh lives. The AssociatKJn Is dedlcated tofostering a resilient and thriving cofflmunity through comprehenslve support that emphasises health and wellbein8 and promotes access ts quality eduution. The mission is to emFMr indiwduals to overcome £hallen8es. creatin8 a positrve impact that strenBthens the fabric of our society.
Demesne Commun5tyASJcIaf0n Report and Accounts Year ended 31 Marth 2024 Trustees Reportto the MÈmbefS ol Demesne CommunityAs50uation Developments and Achievements I. YoLrth Club for ¢hlldrtn Aged 8-13 We launched a youth club for children aged 8- 13. in partnership with 'Your Trust.. The club offers a safe space for young people to play sports, parricipate in 3rts and crafts and socialise. This initiative aims to support positive s¢xial en8a8ement for youth in our community. l Holiday Clubs During the Easter and Summer holidays. we hosted fvlty booked holiday clubs with a range of activities and lunch provided. The clubs We primarily aimed at children eligible for free school lunche5 but were open to all. We received positive feedbackfrom families on this service. 3. Art Course Funded by C3rtwhÈÈl Arts With funding from 'Cartwheel Arts,. we ran a six-week Introductory cOue in painting and drdwin& Thè course was well attended, and we are planning to continue it nest year due to strong interest from partlclpants. Finandal Report The Charity was able to generzte Sufficiènt funds for 5ts operational needs WTthout deplettng its level of reserves below the level required by the resefves policy. Staff costs were, and continue to be, the main outgoing for the Charity, particularly in the nursery. Wtthout the dedication of the paid employees and the efforts of the volunteers, the A550ciation would not zble to deltver on tts aims. The financial posr(ion remains stable and reserves are adequate for the tharity'5 need5. TransartioNs and Finan¢ial Posrti The financial position is set out in the Statement of Finanual Affair5 on page 6. Tanglblè frxed Assèts for us• by the Charrty Details of movements in fixed 35sets a set out in note 9 to the accounts Page Y
Dem¢sne Communlty AssociatSon R¢port aod Accounts Year ended 31 Mah Z024 Trystees Repurt to the Mlmber5 of Deme5ne Community Asso¢iation Ihvestment Pollcy 4rMI Returns Under thÈ Articles of A550ciation the Charity hasthe power io make any inve5tmentwhith tht Tru#eesseeffit At presenL no funds hè¥e been invested by the Tru5tÈes. ReseTve% The Chority Commission requires Charities to explain their policy forfree reserve& This has been p13inetl in note 12 to the ac¢ount5. The policy is feviewed annualty bythe Trustees to ensure its Eontlnued relevance and effertNene55. Adjustrnentsto the policy rnaybe mède based on ¢han8e5 in risk factor5. flnancial hÈalth or 5tste8ic priorsties. Regular reportson the stèrus of reserves are produ¢ed and provided 10 the Trustees. ensuring transparency thd xcountsbility in finanrial rnana8ement. The next policy review15 5¢heduled for April 2025. Subsequent amendrnents or rrision5 will requlre Tru5tees' approval. Rlsk Management TheTru5tees activety reviewthe major rlsks the chatyr¢S0 a rE8ular baysand believe that malnta¢nin8 reser¥e$ at current levels, combined with an anrtual miew of the ¢ontro15 over hnandal tems, will provlde fficient r¢source5 in the event of adverse condON$. The Trustees have also exarnined other oper3tK)nal and bugnes5 risks laced bythe thaiity and confirm that they have established systems to mitigate any si8nificaAt risk. Statement 0fTnBe¥ Responslb41tt1es The Trusteesare required by lawto prepare fiDan¢ial statements lor each year which •ve a true andlairwew of the finanaal artNitles of rh¢ Chariry and its financial p051tion at the ed of theyear. In preparingth05e Ilrtèndal ststements the Trusrtes are required to.. - Select suirablo accountini poli£¢es and applythÈm wn5irtently,' Make judgments and e5timaies that are re350n•ble and prudeni- - Statè whether the policies adopted are in accordance with the Charities Act 2011 and wth applicable accountlA8 Standards and statements of recommended Prydaice. wbject to any menl departures disd05ed and Èxplained in the financial statements., - Prepare the fnancial statements On the Boin8 concern basis unless it is inappTok¥iaie to assume thecharlty 11 continue In operation. ltydep•ndeAt Exam1 A rtsalution proposing MrAS Foxuoft be reappointed as independentexarninerof the ChaiityVRS Putto the Tru#ee5. The Report of the Trustees h¥$ been pr¢pared in accordan with the Stement of Recommended PracDrn: Accetsntin8 and Reportini b¥ Charities ISORP FRS1021 issued in Ortober 2019. Approval This report wis appr¢)ved by theTntstÈes and ygned on Its beha on..-.._ by.. Mro '12.a*
Demesne Communtry Assodallon * RewtaAd Atcounts Year Fnded 31 20Z4 Independent ExafflSners Report Reportof the Indepeftdent ExamIrt0 the Membe of Demesne Commthity Nssoaat I have examined the financial statementson pages 6 to 15 fortheyear ended 31 March 2024. which have been prepared under the accounting poliaesset out on page 9. RespectTve Respon5111ties of th¢ TrusteÈs and Ir#lependert Eumiher The Ch3ritWsTrustees are responsible forthe preparation of the accounts. The Charitys Trustees considerthat an audit is nor requirèd ftsr this year under ¢[1¢ 144 tsf the Charlties Art 2011 I'the Act") andthat an Independent e¥am4nation is needed. It is my responsibilty to: - examine the accounts under 5ertion 145 of the Acr; - to fDllt)w procedures lald down in thE General D1rethortsgen by the Charity Comrnission under secdon 14515llbl of the Att: and . to state whether particular matters have come to myattertion. Ba515 of Independent Ex¥Dner'S Report My examination was carried out in accordarKe wrth the GeTheI Directionsgiven bythe Charity Commlsioners. An exarnination indude5 a review of the a£ctyJnting records kept ttythe Charity and a comparlson of the acccunis PTe5ented wirh those records. It aLso intltsdes conderatlon of any unusual Itemsor disdosures Iniheacwlmts. and 5eein8 explanations from the TnJstees cori¢erftin8 su¢h matters. The procedu undertaken do not prtyide all the ebldencethat be required in an audit arwj consequently I do rt express an èudr( ownion on the wew8iven bythe accounts. IneMlent EMamlnerf$ Statement In connettion with my examlnatSon. no rnatter has corneto m¥attentionwhKh indKatesthat: - •c¢ouniin8 re¢ords h•v* not been kept In accord•w se£iksr$ 386 ofthe (PleSPt 2006., - where accourts are prered on an arrnials basis. they fail to comply wilh rdevant accountlng requirements under section 396of the CompaniesA¢t 2. or I fiot onsi5t¢nt with the Charitie5 SORP IFR51021- or - the exists 4ny matter whith I bElieve Should be dTMitotht attention of the readerto galn a proper undttstandinq of the accounts. MrAS Fox¢Mft 4648 Lon8 Street Mlddleton Manchester M24 6UQ
Demesnecommunify AtIon Yearended 31 Wrth 2024 Artfvme5 Total Funds Futyjs Futh ZDZ3 Inwmiffi8 Aesoyrtes Income from use oftadIe5 lficame from nursÈry Gtsnts and doTra¥ion5 receNable Olher Incrthe 22.767 ?6P 12,043 30.522 37.973 105.760 J)43 37.973 5L419 46.211 74.185 IM535 97.522 174.35S C•stoifJeMw•¥r4f Funds Clrett charltsmp pxpenditw 85AI 17e993 15% 2.730 187.664 1730 T4xal ExpdrflU 87943 173346 97.ts4 93.2r 190.394 13.75$ J88 16.439 16.039 erRecognked Galr •tyd LOSIts Net mo¥ement In fvnd6 16,433 . 16.039 Totsi funds 06ht0rd 44,665 Totsl FurthC•rrledFor¥d 28.232 28,626 R•¢•nvThJthn ofMovem•fiiin FuThth T4nBiblE assets Currentasst (ufrehtlbili 976 l>.158 357 3.9a4 916 52. 3M57 916 433. I69 Thtsvrplusllthffiutl forthe)•r wesentstrt•i•l rettynedll[kn&SÈsI forth2y.
Demesne Community Association Report and Accounts Year ended 31 March 2024 Balance Sheet 2024 2024 2023 2023 Notes Fixed Assets Tangible assets 1,314 976 Current Assets Debtors Cash at bank and in hand io 35,442 35,442 31,507 31.507 Creditors: Amounts Falling Due Withln One Year li 2,942 3,857 Net Current Assets 32.500 27.650 Net Assets 33,814 28,626 Reserves Restrirted Funds Unrestritted Funds 19,340 14.474 394 28.232 Accumulated Funds 12 33,814 28,626 The Trustees are satisfied that the Company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no persons have required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilites for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. Approved by the Trustees on ... and signed on their behalf by.. Ms C Fraser Trustee Mi55 H Blnns Trustee The attached note5 form part of these accounts Page 7
Demesne Community Associètlon Report and Accounts Year ended 31 March 2024 Cash Flow Statement Total Funds 2024 Total Funds 2023 Notes Net Cash Used In Operatlng Actlvltles 4,505 12,011 Cash Flows from InvestlnB Activities 570 1,147 Change in Cash and Cash Equiydlents In the Year 3,935 13,158 Cash and cash equivalents brought forward 31,507 44,665 Cash at bank and in hand less overdrafts at 31 March 2024 35.442 31,507 The attached notes form part of these accounts Page 8
RepDrt and Ar¢ouAts Yearended 31 Marth Z024 Note5toth• At¢ounty l AC¢ount1 Polkles The financial 5tatemer¢ts have been wepared under the histtyifal cost COrwentjn. and are in accordance wfth thestatement of Atctsmmended Practice: Attounting and Rep)rting by Charlties PTepaMn8 their accounts In ac(ordaKe wtth the Flnancial AeportinB sndard appllcable in the UK aftd Republic of IrÈlafid IFRS 1021 SUed in OrtL4)er 2019 and wth the Charits Att 2011. The Charity£onsitutes 3 publb¢ benefft entity as defined by FRS 102. In¢omlnqresoeS VolLtntary inct)me and donations are irbduded in irKornin8 resourtss when thry a re¢eivable. ex¢ept where doDor5 specfythat they must be utsd in fvture accounting periods ordonors condittons have not bÈen fulfilled. then incorne is deferred. The incornefrorn fees is recorded Grnnts recer¥able are recorded on the acuuats basts. Resour expenéed are indkjded in the 51atemertof Firsancial trtIeS a¢uu•Is basis. inclusNe of any VATthich tannot be reco¥ered. Expenditure whlch Is directly attributable toswiltc actmeS13s been included In these Cost categories. Whwe costs are attributableto mort than ¢fje a¢tiMTty. thLry haye been apFK)rtiord auoss the costcategorie5 a basis consteTht with the use of these re50WCe Govemante tOSts indudÈthose tostsasscKiated wrth meEtin8 thet(mstitution)l and ststLrtory requiremeftts of the Charity and indude the Independent Examiner's fee$ and <osts linked to the strategic mafia8meni of the Charity. Volue ¢rdd¢dt• Valtse added tax is not recobwable bythe Charity. •$ •$ such is irKluded in relnt COSt In the Statemen¢ ol Firk7naal 11e5. Fixed a55Ets a depreclated overtheir wfvl econornK fNesasfollovJs'. Office equipment- 15% per annum on the reduciw balance baS 2 Grants ReEeivable and OonatS0 Ae5triLted irestrirted Fund5 Funds 2023 Funth Funds General (paz 141 Nursery Ipa6e ISI 5L419 46,211 92,3C6 59.549 92,3L SL419 59,549 46.211
DEmwe CommunltyA5$00ation Reportand IKCQUrtts V¢ar ended 31 Marth 2024 14ots to ihe A0% 3 In¥estrnent Incomt Fd$ 2024 Fur# Funds Generzl Ipage 141 Nursery Ipage 151 4 Intome From Use of F•tillllesand OthEr lrtome RE5tri¢¢ed UNe5tricted Fymds Re5thrted Unrestrfcted Funds Funds 2023 General IpaRe 141 Nursery Ipa8e 151 22.767 30.622 37,973 21767 37.973 30.$22 5 Dlr•£t Chawitlble Exp•DthtLW Funds Funds XIZ3 General Ipooe 141 Nursery Ipage 151 79.247 6343 8L119 8,417 97.128 8S.403 85.5 97.128 90.536 6 Goveman¢•Costs Fd$ Funds 2023 20Z3 General (pay 141 Nursery Ipage 151 2,730 2J53 1730 7 Net Movemrt In fvnds I8thYe*r The Tret mo¥ement ts after£hai8ln8'. Depreciation of tsnwblefixed assets Independentexarniner's fee 232 In P¥• io
Yo4rorthd31Math IQ14 05ts11¢ |writyCO 111579 L14U $70 Addft rhsp¢sak At31 Wrth2024 Lll8 L718 t l April 20ZJ 172 At31 3024 At31 M•thJ)J4 LJIA At31M•rtb2021 976 TrndÈdet
DemÈsne C4JmmunlEy As50dadon port and AOnts Year erKled 31 M?rth ZOZ4 Notes tty the AErounts 11 Cfedltor5: Amounts Fairl Duelyrthln Oneyear 2024 2023 Trade Creditors Other taxes and social security costs Pension Accrua 210 810 1.323 224 1,500 2n 2.942 3,8S7 12 A(wmulated FundslReserv•s FLd$ Funds Funds 21)Z3 At l April 2023 Retained surplus/ldeficr(I 394 17.444 . 28,23Z 12.256 44,665 16.433 394 17.838 15.976 394 28.232 The TrItee5. reser¥es pollcy isto retrin sufficent funds lojrrentty set at at ast £20,CLQI to prowde financial stability. flexibilityand the ability to resptsnd to unfore5eert circurnstancesor opp)rtunitie5, Ènsuring the sustsined achievement of the tharity'5 mlssk)n and objeclive> The 8uidin8 printiples are.. - financi31 stability- a financial buffer to mitigate the impatt of unewted cok ecOrnk yertsInt1es or fluttUation5 in revenue.. - strateglc flexlbility- the fleyI.1ty to setie srMegKopportvnities oraddre55emEryir#J needs without jeopardisin8 ongoing pro8rdmmes or serricts- - risk maa8ement- m3nagin8 spectfic risks identified by regular risk 355e55rrw4 induthng ¢)peration•l. financlal and external factors., and - operlon¥1 ¢ontlnuity- to eThgJreth¢ominU of essential q*ratsons in the event of unexpecied disruptions emer8eft ol crise5. By adheringto thi5 poIKY, the A$slatIOn aims to enhaft ttsfinanaal resil¥Ert¢ ftev8rd it5 mission and position itself stratesbcallyfor Sustain Impa¢L
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RopDrtirvJAccDurilS Yeaiefvd31 Mar¢h2024 GeneThl IrKDrn•lffld EyndthrrAe{OTrt Roorn hlre OthEt in¢ornE 21767 3Q622 46J 7418$ 5alarie5and perwnr05L5 Zi.4Si 2.174 14.133 245 li.285 3.43B SJ6S 12.471 ildin4 mainten¥n 19.711 Telephone aeaninB SL¥)dryexpens TTJ¥?I Sf4nco£haFV5 Statb)rry 410 97 291 S39 U7 5.760 ank<haryes Sec¥ lee5 Lelal and pffjl 121 5.7X 4J &1 Deprpoation 172 79247 . kcounTwaAd ptyrnl usAdWlfwtrY•ar 7M15
A4port and Year ended 31 PAath2024 InmfroM Thuysery Foes 11043 37.973 li 37.973 Grants 59349 IrNesmert kntome Bank Tniefer Totsl Incom• 97522 ExpEhSts Dlrett Chrft•bh Exp•rtf•s Walessar1eSand pension rosts Purchase5 SutKontr4Ctors Food Travel Stationery & Println8 Bafik Char8es 85.403 4.111 97.128 L993 ¥207 Sundry Expenses Legal and Profes51ofia1 FEE5 Repalrs and renewals 5•Nlte Char8QS Other Direll C05t5 474 I28 470 91.746 105yS couTrtancy and payroll Independent exarnlnersfees 9L746 105545 sur5/(dadID fDrthi Yrir 4023