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.158 3*57 3.9a4 916 52. 3M57 916 433. I6￿9 Thtsvrplusllthffiutl forthe)*•r wesentstr*t•i•l rettyn￿ed￿l￿l[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 COrwent￿jn. 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 s￿ndard appllcable in the UK aftd Republic of IrÈlafid IFRS 1021 ￿SUed in OrtL4)er 2019 and wth the Charit*s Att 2011. The Charity£onsitutes 3 publb¢ benefft entity as defined by FRS 102. In¢omlnqreso￿eS 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 ￿t￿rtIeS a¢uu•Is basis. inclusNe of any VAT*thich tannot be reco¥ered. Expenditure whlch Is directly attributable toswiltc actm￿eS13s been included In these Cost categories. Whwe costs are attributableto mort than ¢fje a¢tiMTty. thLry haye been apFK)rtior*d auoss the costcategorie5 a basis const￿eTht 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 The 8uidin8 printiples are.. - financi31 stability- a financial buffer to mitigate the impatt of unewted cok ecOr￿nk y￿ertsInt1es or fluttUation5 in revenue.. - strateglc flexlbility- the fleyI￿.1ty to setie srMegKopportvnities oraddre55emEryir#J needs without jeopardisin8 ongoing pro8rdmmes or serricts- - risk ma*a8ement- m3nagin8 spectfic risks identified by regular risk 355e55rrw4 induthng ¢)peration•l. financlal and external factors., and - oper￿lon¥1 ¢ontlnuity- to eThgJreth*¢ominU￿ of essential q*ratsons in the event of unexpecied disruptions emer8eft￿ ol crise5. By adheringto thi5 poIKY, the A$s￿latIOn aims to enhaft￿ ttsfinanaal resil¥Ert¢ ￿ftev8rd it5 mission and position itself stratesbcallyfor Sustain￿ Impa¢L oernt￿t¢oMm￿MItyA￿￿l Report4r￿￿￿Ourtis YeireDded Si Matth 20 StsW5 TheCompary.whth 44re8*teredchavity. is limit￿ by8uarantee and has rrtjslwt ¢4piial. nds Fur Inetsm&and Expov4ttsw* Irrftsmlrrf Resou1￿5 In) 97.128 93266 I￿1294 . 1&4aa Other Rewi5ed fj•1nS#￿ P4•tmovam•nt* fijnds 16833 . Tatsi brO￿ht1¢￿Vard TotrlFund5 GirrkOFarward Net rpthements infunds Add back depte¢41￿0rt tsocreasèllincreas¢l in debtor5 1ncrease1ldecr￿•] In crediwrs I6￿39 In 232 Nei tath used lnuperati￿o￿it￿s RopDrtirvJAccDurilS Yeaiefv*d31 Mar¢h2024 GeneThl IrKDrn•lffld EyndthrrAe{O￿Trt Roorn hlre OthEt in¢ornE 21767 3Q622 46J 7418$ 5alarie5and perwnr05L5 Zi.4Si 2.174 14.133 245 li.285 3.43B SJ6S 12.471 ildin4 mainten¥n 19.711 Telephone aeaninB SL¥)dryexpen*s TTJ¥?I S*f4nco£haFV5 Statb)r*ry 410 97 291 S39 U7 5.760 ank