Charity number: 1068329 ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION CONTENTS Page Reference and administrative details of the Charity, its Trustees and advisers Trustees, report Independent examiner's report Statement of financial actlvities Balance sheet Notes to the financlal statements 8-17
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Mrs G Hunter, Trustee (appointed 11 December 2024) Mrs GM Harris, Trustee Ms C Pearson, Trustee Mrs A 8owe, Trustee Mrs A Hartshorne Bell, Trustee Mrs S Day, Trustee Mrs E Lister, Trustee Mrs G Walker, Trustee Mrs M Rose, Trustee Mrs M Hillary, Trustee Mr D Stevenson, Trustee (resigned 31 March 2025) Mrs N Rumney, Trustee (resigned 31 March 2025) Charity registered number 1068329 Prlnclpal office 12 East Cresent Aspatria Wigton Cumbria CA7 3EF Page 1
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the financial statements of the Aspatria & District Community Charity Association for the year 1 April 2024 to 31 March 2025. Objectives and activities Poli¢ie5 and objectives In setting objectives and planning for activities, the Trustees have given due consideralion to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running charity {PB2)'. Achievements and performance a. Main achievements of the Charity It has been another busy successful year for the shop. Over £45,000 has been donated to various charities throughout the year, this compares with just over £40,000 in the previous year. Costs have also been kept well within the rise in inflation. Thers is still over £10.000 in the deposit account. Generally, things are in balance and there is sufficient funds. Flnanclal review . Going concern After making appropriate enquine5. the Trustees have a reasonable expectation that the Charity has adequate resources to ¢onlinue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy For the future it is hoped that income can be maintained and also the amount of material thal is donated can continue at the current level. Car boot sale5 continue to help with turnover along wth other seasonal events. Structurei governance and management a. Constltution Aspatria & District Community Charity Association is a registered charity, number 1068329, and is constituted under a Trust deed. b. Methods of appointment or electlon of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Sadly, committee members stood down this year and they have not been replaced. More volunteers are required to cover holidays and sickness Page 2
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ststement of Truste8s' responsibilities The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standard5 {FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity wll conlinue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assels of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members the board and signed on their behalf by.. Trustees on Mrs E Lister Page 3
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent examiner's report to the Trustees of Aspatria & Distrlct Community Charity Association ('the Charity,) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025. Responslbilities and basis of report As Ihe Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under seclion 145(5)Ibl of the 2011 Act. Independent examiner's statement Your attention is drawn to the fact that the Charity has prepared the accounts 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 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that Ihis has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Praclice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no Tnatters have come to my attention in connection wth the examination giving me cause to believe that in any material respect.. a¢¢ounling records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or the accounts do not accord with those records., or the accounts do not comply wth the applicable requirements concerning Ihe fomi 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 ¢onnection 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. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Page 4
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Signed.. steven Kirkbride FCA BFP Dated.. lo. i(. u, Amistrong Watson LLP Chartered Accountants Carleton House 136 Gray Street Workington Cumbria CA14 2LU Page 5
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Other trading activities Investments 67 43,683 447 43,683 447 45,413 415 Totsl income 44,130 44,130 45,895 Expendlture on: Charitable activilies 56,706 56,706 51,020 Total expenditure 56,706 56,706 51,020 Net movement In funds (12,576) (12,5761 (5, 125) Reconclllatlon of funds: Total funds brought forward Net movement in fijnds 41,215 112,576 41,215 (12,576) 46,340 (5,125) Total funds Carrled forward 28,639 28,639 41,215 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 to 17 form part of these financial statements. Page 6
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Flxed assets Tangible assets 820 1,025 820 1,025 Current assets Cash at bank and in hand 28,168 40, 539 28,168 40, 539 Creditors.. amounts falling due within one year 10 (349) (349J Net current assets 27,819 40, 190 Total assets less current liabllltles 28,639 41,215 N8t assets excludlng penslon asset 28,639 41,215 Total net ass8ts 28,639 41,215 Charity funds Restricted funds Unrestricted funds 28,639 41,215 Total funds 28,639 41,215 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. on LL. Mrs A Hartshorne Bell Mrs E Lister The notes on pages 8 to 17 form part of these financial statements. Page 7
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General information Aspatria & District Community Charity Association is a uni¢orporated publi¢ entity. Accounting policies 2.1 Basis of preparatlon of financial statements The financial statements have been prepared in accordance wth the Charities SORP (FRS 102) 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 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair, view. This departure has involved following the Charities SORP IFRS 102) published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Aspatria & District Community Charity Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by a¢tlVlty. The costs of each activity are made up of the total of direct costs and shared ¢osts, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated direclly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page 8
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {¢ontlnued) 2.5 Tangible fixed assets and d8pr8ciation Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After reco9nition, under the cost model, tangible fixed assets are measured at cost legs accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their eslimated useful lives, Depreciation is provided on the following bases: Long-term leasehold property Short-term leasehold property Fixtures and fittings 5 year straight line basis 20 % Reducing balance basis 2.6 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.7 Flnancial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslruments. Basic financial instruments are initially recognised at transaction value and subsequently rneasured at their settlement value with Ihe exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.8 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. Income from donatlons and legacies Unrestricted funds 2025 Total funds 2025 Unrestricted funds 2024 Total funds 2024 Page 9
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies (continued) Unrestricled funds 2024 Total funds 2024 Donations 67 67 Income from other trading actlvltles Income from non charitable trading actlvltles Unrestricted funds 2025 Total funds 2025 Other income Shop income 5,017 38,666 5,017 38,666 43,683 43,683 Unrestricted funds 2024 Total funds 2024 Other income Shop income Raffle sales 4,281 40,812 320 4,281 40,812 320 45,413 45,473 Investment Income Unrestricted funds 2025 Total funds 2025 Interest receivable 447 447 Page 10
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Investment Income (continued) Unrestricted funds 2024 Total funds 2024 Interest receivable 415 415 Analysls of expendlture on charltable activities Summary by fund type Unrestricted funds 2025 Total 2025 Direct costs 56,706 56,706 Unrestricted funds 2024 Total 2024 Direct costs 51,020 51,020 Analysis of expenditure by actlvltiès Activities undertaken directly 2025 Total funds 2025 Direct costs 56,706 56,706 Page11
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by actlvltles {continued) Activities undertaken directly 2024 Total funds 2024 Direct Costs 51,020 51,020 Analysis of direct costs Total funds 2025 Actlvltles 2025 Depreciation Rent Rates and water Eleclricity Insurance Waste disposal Repairs and renewals Volunteers annual meal Olher running costs Accountancy fees Grants to institutions 205 205 2,400 650 2,927 698 416 1,113 440 1,656 588 45,613 2,400 650 2,927 698 416 1,113 440 1,656 588 45,613 56,706 56,706 Page 12
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by actlvities (continued) Analysis of direct costs {continued) Total funds 2024 Activities 2024 Depreciation Rent Rates and water Electricity Insurance Waste disposal Repairs and renewals Volunteers annual meal Other running costs Accountancy fees Grants to institutions 260 2,400 523 3,973 349 420 328 335 7,200 552 40,680 260 2,400 523 3,973 349 420 328 335 1,200 552 40,680 51,020 51,020 Trustees, remuneratlon and expensos During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025, no Trustee expense5 have been incurred {2024- £NIL). Tanglble flxed assets Fixtures and fittings Cost or valuation At 1 April 2024 12,815 At 31 March 2025 12,815 Depreclation At 1 April 2024 Charge for the year 11,790 205 At 31 March 2025 11,995 Page 13
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tangible fixed assets (continued) Fixtures and rittings Net book value At 31 March 2025 820 At 31 March 2024 1,025 10. Credltors: Amounts falllng due withln one year 2025 2024 Trade ¢dItorS 349 349 Page 14
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Statement of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Income Expenditure Unrestricted funds General Funds 41,215 44,130 156,706) 28,639 Page 15
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Statement of funds Icontinuedl Statement of funds - prior year Balance at 31 March 2024 Balance at l April 2023 Incom8 Expenditure Unrestricted funds General Funds 46,340 45,895 (51,020) 41,215 12. Summary of funds Summary of funds - Current year Balance at 31 March 2025 Balance at 1 Apr+1 2024 Income Expenditure General funds 41,215 44,130 156,706) 28,639 Summary of funds - prior year Balance at 31 March 2024 Balance at 1 Apnl 2023 Income Expenditure General funds 46,340 45,895 (51,020) 41,215 Page 16
ASPATRIA & DISTRICT COMMUNITY CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Analysis of net assets between funds Analysis of net assets between funds - Gurrent year Unrestricted funds 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year 820 28,168 (349) 820 28,168 13491 Total 28,639 28,639 Analysls of net assets betwoen funds - prlor year Unrestricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due wthin one year 1,025 40, 539 (349) 1,025 40, 539 (349J Total 41,215 41,215 Page 17