Registered Charity Number :- 1067432
BRETONS COMMUNITY ASSOCIATION
TRUSTEES’ REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR END 31 March 2024
Bretons Community Association 411 Rainham Road
Rainham
BRETONS COMMUNITY ASSOCIATION
CONTENTS
FOR THE YEAR ENDED 31 March 2024
TRUSTEES' REPORT ....................................................................................................................................................... 3 INDEPENDENT EXAMINER'S REPORT ....................................................................................................................... 4 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................................ 5 BALANCE SHEET ........................................................................................................................................................... 6 NOTES TO THE FINANCIAL STATEMENTS .............................................................................................................. 7
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BRETONS COMMUNITY ASSOCIATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2024
REPORT OF THE TRUSTEES FOR THE YEAR TO 31 MARCH 2023
The trustees present their report with the financial statements of the charity for the period 1 April 2023 to 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1067432
Principal address
Bretons Manor 411 Rainham Road Rainham Essex RM13 7LP
Trustees
Mrs G Reynolds Trustee N Blythe Trustee Mrs S Blythe Trustee
Independent Examiner
Mr Ellis Bolger Versa Tax Solutions Ltd 9 Corbets Tey Road Upminster Essex RM14 2AP
Approved by order of the board of trustees on 8 July 2024 and signed on its behalf by: N Blythe - Trustee
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BRETONS COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 March 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRETONS COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of Bretons Community Association
I report to the charity trustees on my examination of the accounts of Bretons Community Association (the Trust) for the period 1 April 2023 to 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out
my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out
in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Ellis Bolger Versa Tax Solutions Ltd 9 Corbets Tey Road Upminster Essex RM14 2AP
8th July 2024
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BRETONS COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 March 2024
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Other trading activities 3 Total Expenditure on: Raising funds 4 Charitable activities 5 Other 7 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ Total Funds 2024 £ Total Funds 2023 £ 56,242 56,242 39,809 - - 34,667 |
|---|---|
| 56,242 56,242 74,476 |
|
| 5,631 5,631 9,424 12,138 12,138 8,113 24,481 24,481 15,753 |
|
| 42,250 42,250 33,290 |
|
| 13,992 13,992 41,186 |
|
| 13,992 13,992 41,186 65,487 65,487 24,301 |
|
| 79,479 79,479 65,487 |
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BRETONS COMMUNITY ASSOCIATION
BALANCE SHEET
FOR THE YEAR ENDED 31 March 2024
| Recommended categories by activity |
Notes | Unrestricted funds £ |
Total Funds 2024 £ |
Total Funds 2023 £ |
|---|---|---|---|---|
| Current assets | ||||
| Debtors | 8 | 57,596 | 57,596 | 46,072 |
| Cash at bank and in hand | 9 | 22,603 | 22,603 | 20,345 |
| Total current assets | 80,199 | 80,199 | 66,417 | |
| Creditors: amounts falling due within one year |
10 | 720 | 720 | 930 |
| Net current assets/(liabilities) |
79,479 | 79,479 | 65,487 | |
| Total net assets or liabilities | 79,479 | 79,479 | 65,487 | |
| Funds of the Charity | ||||
| Unrestricted funds | 11 | 79,479 | 79,479 | 65,487 |
| Restricted income funds | 11 | - | - | |
| Endowment funds | 11 | - | - | |
| Total funds | 79,479 | 79,479 | 65,487 |
The financial statements were approved by the Board on 16-Jul-2024 and signed on its behalf by:
N Blythe Trustee
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BRETONS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
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BRETONS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
1 Accounting Policies
1.1 Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.2 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.3 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.4 Income from donations or grants
Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o"er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.
1.5 Government grants
The charity has received government grants in the reporting period
1.6 Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
1.7 Contractual income and performance related grants
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BRETONS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
1.8 Donated goods
Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
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a) Donated goods for distribution to beneficiaries The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.
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b) Donated goods for resale Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.
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c) Donated goods and services capitalised as Tangible fixed assets Goods donated for on-going use by a charity in carrying out its activities are recognised as tangible fixed assets with the corresponding gain recognised as income from donations within the SoFA.
1.9 Income from charitable activities
Income from charitable activities is recognised over the period to which the income relates. Concert fees are recognised at the date of the event. Membership fees are recognised over the period of the membership. Rent is recognised over the period to which it relates. Any amounts relating to future periods are deferred.
1.10 Income from membership subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which give a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.
1.11 Expenditure
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
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BRETONS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
2 Income from Donations and Legacies
| Analysis Donation and gifts Membership subscriptions and sponsorships which are in substance donations Other |
Unrestricted funds Restricted income funds Endowment funds Total funds 2024 Total funds 2023 £ £ £ £ £ 34,005 - - 34,005 - 6,492 - - 6,492 3,165 15,745 - - 15,745 36,644 |
|---|---|
| 56,242 - - 56,242 39,809 |
3 Income from Other Trading Activities
| Analysis Events |
Unrestricted funds Restricted income funds Endowment funds Total funds 2024 Total funds 2023 £ £ £ £ £ - - - - 34,667 |
|---|---|
| - - - - 34,667 |
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BRETONS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
4 Expenditure on Raising Funds
| 4 Expenditure on | Raising Funds | |||
|---|---|---|---|---|
| Total funds 2024 | Total funds 2023 | |||
| Analysis | £ | £ | ||
| Rent collection, | ||||
| property repairs and | 5,526 | 9,424 | ||
| maintenance charges | ||||
| Support Costs | 105 | - | ||
| 5,631 | 9,424 | |||
| 5 Expenditure on | Charitable Activities | |||
| Total funds 2024 | Total funds 2023 | |||
| Analysis | £ | £ | ||
| Legal/professional fees | 1,997 | 1,831 | ||
| Wages and salaries | 7,000 | 4,812 | ||
| Charity management & administartio |
1,905 | - | ||
| Support Costs | 1,236 | 1,470 | ||
| 12,138 | 8,113 | |||
| 6 Support Costs | ||||
| Total funds 2024 | Total funds 2023 | |||
| Analysis | £ | £ | ||
| Staff costs | 210 | - | ||
| Governance Costs | ||||
| Accountants fees |
1,131 | 1,470 | ||
| 1,341 | 1,470 |
5 Expenditure on Charitable Activities
6 Support Costs
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BRETONS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
7 Other Expenditure
| Analysis Other Expenditure |
Unrestricted funds Restricted income funds Endowment funds Total funds 2024 Total funds 2023 £ £ £ £ £ 24,481 - - 24,481 15,753 |
|---|---|
| 24,481 - - 24,481 15,753 |
8 Debtors: Amounts falling due within one year
| Trade debtors sh at bank and in hand Cash at bank and on hand |
Total funds 2024 Total funds 2023 £ £ 57,596 46,072 |
|---|---|
| 57,596 46,072 |
|
| Total funds 2024 Total funds 2023 £ £ 22,603 20,345 |
|
| 22,603 20,345 |
9 Cash at bank and in hand
10 Creditors: Amounts falling due within one year
| reditors: Amounts falling due | within one year |
|---|---|
| Accruals for grants payable Trade creditors Accruals and deferred income |
Total funds 2024 Total funds 2023 £ £ 720 - - 480 - 450 |
| 720 930 |
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BRETONS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
11 Charity funds
11.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Unrestricted funds Total etails of material Fund names Unrestricted funds Total |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
|---|---|
| 65,487 56,241 (42,250) - - 79,478 |
|
| 65,487 56,241 (42,250) - - 79,478 |
|
| funds held and movements during the PREVIOUS reporting period Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
|
| 24,301 74,476 (33,290) - - 65,487 |
|
| 24,301 74,476 (33,290) - - 65,487 |
11.2 Details of material funds held and movements during the PREVIOUS reporting period
11.3 Transfers between funds This Year
Amount £ Between unrestricted and restricted funds - Between endowment and restricted funds - Between endowment and unrestricted funds - Amount £
Last Year
Between unrestricted and restricted funds - Between endowment and restricted funds - Between endowment and unrestricted funds -
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