Reghtered charity number: 1066693 The Wick Community Association Annual Report and Accounts 31 March 2024 Collins and Co 28130 The BroadTrvay WA¢kford Essex SSII 7AA
The Wick Community Association Contents for the year ended 31 March 2024 Pige Inforniation Report of the Genernl Committee Independent Examiner's Report Stat¢m¢nt of Fmancial Actii'ities Balance She¢t Not¢$ to the Accounts 9-10
The Wick Community AssociAtion Information for the year ended 31 March 2024 General Committee: Miss L Brwk¢r (Secretar!") Mr T BrcK)ker (Resign May 23) Mr P Campbcll Mrs C Doivers Mr l DoiY¢rs (Treasur¢r) Mr L Halls Mr R Rudd MsBShffi Ms J Sifftpkins Re8i9tered Number: 1066693 Registered Addresi; Wi¢k Community Centrc Silva Island Wm" Wi¢kford SS12 9NR Indepwdent EiAminer: Collins and Co 28130 The BroadM:ay Wickford SSII 7AA BAnkerg'. Bar¢1.$ Bank Pl¢ Leic¢ster LE87 2BB
The Wick Community AssotiAtion Report of the General Committee for the year ended 31 Marcb 2024 The General Committee have pleasure in submi'tting L,.Yir Annual Report along iiith the accounts of Th¢ Wick CiJt)munits. Association ('Ihe As$(Lati()n'1 for the year ended 31 March 2024, Status The Association is a rew'ster¢d chan'ty,, Ivith its. ¢onstitution having been adopted on 14 Aprd 1997. Objectives of The Assoaation The objectives of the Agsc*iation as set out in its con¢titution are to promote the benefit of the inhabitants of The Wick area and to establish, maintsin and manage a wmmunity centr¢. Financial Review of the Year The d¢ficit for the vear was £3,778 (2023.. surplus of .£9.341). Reserves Policy In i'iem" of the fixed natuK of the expenditur¢ of the charity, the aim of the General Cornmitte¢ oi'er the medium temi is to be able to retain resen'es ilt a level in the region of six months total ¢xp¢nth'ture. Investment Policy All fimds retained in excess of immediate rcquirements are rctained on deposit. Thc aim is to a¢¢V¢ th¢ optimum retum on an insiant cesS accoJnL Risk Management The General Committee are aiTrar¢ of the major risk b) Ivhich the charity is eNyos¢l namely b¢ing unable to secure income to coi'er the exF¢nditure of the clwity, iyhich is primaril& of a fjxed nature. In thi's respeci a numlxr of regular users of tFie premises have been secured, And th¢ ¢ontinuation of these licence a8reements is continually revieived to ensure optimum use of the harity's pr¢miseg Indepffident Examiners Collins and Co Acwunlants are wilh'ng and stand for re4lection as Ind¢pmdent Examin$ lo the charity.
The Wiek Community Assoclation Report of the General Committee for the year ended 31 March 2024 Statement of General Committee Respongibilltie8 Laiv applicable to chariti&s in England and Wales requires the Gen¢ral Conm]itt¢e to prepar¢ accounts for each fin&)ciaI s'ear which sii'e a true and fair i'iell. of th¢ state of the ¢harih"'s fmancial activities during the !'eaT and of its f)nancial psition at the end of the s'ear. In preparing unls giving a tru¢ and fair view, the Gcncral Con)mitt¢¢ should follow bc5t Practi and:. .seJect suitable ac£ountin8 lICIeS and then appl>, them con8iStently' -make judgements and estimates that Are reasonable and prudent, -pr¢par¢ the accounts on the going concern basis unless it is unlikely that the charity M'ill continu¢ in OFKr4tson. The General Committee ar¢ responsible for keepinB pfokxr xcounting records w'hich disclose ith reasonable llccuraes. at any tim¢ the financial position of the charity and w'hich enable them to a8certam the fela1 px)sition of the charity and W,Ch enable them to ensure that the arxounts )mpl)' ii'ith apphcable laiv and the ttust d¢¢d. The!, are also resp)nsible for safeguarding the assets of the charity and for taking aSonable steps for the prev¢ntion and detection of fraud and other irregularities. Si8n¢d on b¢half of the General Committee 1117J Miss L BrK"Cr (Secretary,)
The Wick Community Association Xndependent Examiner's Report to The General Committee for the year ended 31 March 2024 We rep)rt on the accounts of The Wick Communit). Association for the s.ear ¢nded 31 Mah 2024: set out on pages 7 to 10. BAS18 of Independent ExAmlner's Report Our examination 'aS carried out in accordanc¢ with the G¢n¢ral Directions gii'en b). the Chariti, Commissioners. An examination includes a revieiv of the accounting records kept kn. the charity. and a comparison of th¢ ac¢ounts presented with thos: records. It also includes consAd¢ration of an). unusual items or disclosures in the accounts, and seek"in8 explanations from you as a General Committee concerning an!" such matters. The procediwes undertaken do not proi'ide all th¢ ci'idence thal ii.ould b¢ required in an auth'c and con$4uenth' Ive do not eyress an autht OPAnion on the ii¢N' gii'en b). the accounts. Respertive responsibilities of General Committee lind Examiner The charity s G¢n¢ral Committee are respK)nsible for the preporation of the accounts, and they consider that an au(h't under section 43(2) of the Charities A¢t 2019 is not required this }:ear, and that an independent examination is needed. It is our responsibility to examine the accounts, to follow the prc¢edures laid doivn in the General Directions Ven kn, the Charitv Commissionets under section 43(7) (b) of th¢ Charities Act 2019 and to slate ii'hether particular rnatters hai'¢ com¢ to i)ur attention. Independent Ex8miner'$ Statement In conn¢ctson ivith our examination, no matter has Climc to our attention; ( l) Which gives us rea9Jnable cause to believe that an). material reS[l to the reqU1ments - to keep accountAng records in aordanCe iyith section 41 of the Charities Act 2019: and - to prepare coUnts which aV[d ivith th¢ ac¢ountiog reeA)rds and compli, Ivith th¢ rcquir¢m¢nts of the Charities Act 2019 hai'e not be¢n met. (2) to ii'hicK in our Opinio attention should drai%Tr in Ord to enable a propcr undcrstanth'ng of the accounts to E¢ reached. Collins and Co 28130 The Broadwas, Wickford Ess¢x SSII 7AA Date: ti IQIY
The Wick Community Association Statement of Financial Activities ("SOFA") for the year ended 31 March 2024 2024 2023 Incoming ReJour¢e$ 95752 94140 Charitable Activities (90905) (77373) 4847 16767 Governance Costs (8624) (7426) Net Movement in Funds for the Year (3777) 9341 There are no rerognised gains and losses other than those passin8 through th¢ st4t¢m¢nt of financial activities.
The Wlek Community Association Balance Sheet as at 31 March 2024 Notes 2024 2023 Fixed Assets TangRble Assets Investments 12779 15278 12780 15279 Current Assets tkbtors Cash at bank and tn hand 1260 5I1904 1077 553118 60164 56465 Creditors: amounts falling due within one year (11360) (6384) Ne¢ Current Assets 48804 50081 Totsl assets less Current liabilities 61584 65360 Accumulated Funds IUnregtri¢ted) At 1° April 2023 Deficiusurplus for the year 65361 (3777) 56020 9341 61584 65361 These financial statements have been reviewed by the committee and are agreed as being in a¢cordance with the source documents. Signed on behalf of the General Committee Mr. l Dowers (Treasurer)
The Wick Communlty Association Note8 to the Accounts for the year ended 31 March 2024 I, Accounting policies A¢counting convention The acxounts hav¢ been prepared under the historical cost ¢oni'ention and in accordance Ivith th¢ Financial Reporting Standard for Smaller Entities (etTective April 2008), and in cordance ivith the Statemcnt of Rccommended Practi. Accountin8 and ReJx)rting lry Charities" (SORP 21M)S), issued in March 2005, reNised Jul>, 2008. Incoming resources Incomin8 reUr¢eS in r¢S¢t of th¢ proi'ision of or services (for example hall or nction elpts) are &counted for on a receii'able basis. TAngible fixed asgets and depreciation Items purchased costin8 less than £ l(M) are not capitalid , but are treated as an eypense in the pcriod in ivhich the it¢m ivos acquired. tkpreciation ig provided at rates calculated to write otTthe cost or valuation oran asset over the u8¢fid ¢conomic life of the &gseL a5 follows: Fiwes, fittin88 & ¢quipm¢nt - 230/0 redu¢inB balance Lea$ And hire purchases Rental$ paid under operating leases are charged to the Stalement of Financid Activiti¢s on a 8traight hnc b4sis oi'er the lease Qnn. Investmenti Fixed &88et investinents are statcd at ¢osi less provision for diminution in value. ReJour¢¢$ expettded Resources cwdcd are rccognised in the period in iyhich the), are inCuff. R¢SOu¢S )cnded include attributabl¢ VA T M'hich cannot bc recovcrcd, Wher¢ a s¢rvi¥X pVider has grant a reduction at source in the wst of their sen'ic¢$ to th¢ As80¢iation, the net amount pffi.'able has tKen reco8ni8ed as an expens¢. In Spe(t of th¢ I¢A8e relating to the Association's premis¢s, the amount payable r¢pr¢sents l 00/0 of th¢ rent stated in the lease. TaxAlion Th¢ Association is exempt from Corporation T&x by virtue of it bein8 a Re$t¢d Charity in England and Wales.
The Wick Community Association Notes to the Accounts (continued) for the year ended 31 March 2024 2. Tangible red a88et¥ Fixtures, fitting8 & Equlpment Cost or valuatlon At l Apr 2023 Additions At 31 March 2024 62856 63098 Depreciotion At l Aprd 2023 Charge for the year At 31 March 2024 46061 Net book value At 31 March 2024 At 31 March 2023 3. Fixed uset inveitments Cost or valuatlon Al l April 2023 & at 31 March 2024 4. Debtorj 2024 2023 Other debtors and pr¢paYmMt8 S. Creditori.. amounts fallin8 due within one yei 2024 2023 Other creditors 11360 6384 6. Related party trAnsa¢tirns During the year The Association did not reteive gift aid donations from Wick Canmunity, Centr¢ Seryices Limited. The nature of the Association is such that the members of the General Committee Are also members of the Association. There are no pferential frnns aNailable the members of the General Commilie¢ for their member2>hips. In addiliot4 il 1$ )Ible for any m¢n)ber to use and hire the facilities available, and memt¢rs o.f the General Committe¢ do Ihe spme terms available to other members e¥cept for oni free hall hire per l'ear. In I'ieii, of the "anns l¢nsth': nature of sh trhnsaclions. no additional th'sclosure is required in these acrA)unts, 10
The Wick Community Association Accounts for the Year Ended 31 Marcb 2024 Five Year Summary- Balance Sheet 2024 2023 2021 2020 2019 Fixed A88et6 Cost Depreciotion 51642 3726 14376 51462 63098 61340 52072 40967 11103 12779 lJ279 18987 Inve8tmeDts Totsl Fixed knets Net Current Aiaets Current Assets EXn$¢$ Prepaid Oth¢r Debtorg Cash at Bank and in Hand 638 528 454 528 421 7177 732 528 549 5211 Current LiAbilltie8 HNII Deposits R¢pa)'able SociAI Securit), & other t¢9 867 485 1317 690 118 1570 232 1948 341 07 Current 51847 68407 Net Fun(b 61584 4361 56020