2023-03-31-accounts - Cottam Community Association

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COTTAM COMMUNITY ASSOCIATION

STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

FOSTER & CO LTD CHARTERED ACCOUNTANTS PRESTON

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COTTAM COMMUNITY ASSOCIATION

CONTENTS TRUSTEES AND ADVISERS TRUSTEES’ANNUAL REPORT INDEPENDENT EXAMINER’S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS	PAGE
	1 2 3 4 5 6

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COTTAM COMMUNITY ASSOCIATION

Registered Charity Number 1075646

Principal Address:	Haydocks Lane
	Cottam Hall
	Preston
	PR4 ONY
Secretary:	Colin Moore
Trustees:	Trevor Michael Hart (Chair)
	Anne Clucas
	Joanne Rachel Esmond
	Judith Parker
	Christopher Smith
	Carolyn Gibson
	Craig Neil Perrins (appointed 18.02.22)
	Stacey Hindle (appointed 18.02.22)
	Sarah Wright (appointed 26.07.22)
Bankers:	Lloyds Bank
	94 Fishergate
	Preston
	PR1 2JB
Independent Examiners:	Foster & Co Ltd
	Unit 16 Eastway Business Village
	Olivers Place
	Fulwood
	Preston
	PR2 9WT

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COTTAM COMMUNITY ASSOCIATION

TRUSTEES’ ANNUAL REPORT

The Trustees present their Report and the Financial Statements for the year ended 31 March 2023.

Trustees & Advisers

These are shown on page 1.

Summary of Results

The results for the year are shown on page 4.

The Trustees are satisfied with the state of the Trust’s affairs.

Presentation of the Accounts

The Trustees continued to adopt the requirements of the Statement of Recommended Practice Accounting by Charities for the current year.

Statement of Trustees’ Responsibilities

Charity law 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 the statement of financial activities for that period. In preparing those Financial Statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent.
state whether the policies are in accordance with applicable accounting standards.
prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the Financial Statements comply with the Charities Act 2011. They are also responsible for safeguarding the asset of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

……………………………………….

Mr Trevor Hart - Chairman

** June 2023

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF COTTAM COMMUNITY ASSOCIATION

I report to the trustees on my examination of the accounts of Cottam Community Association for the year ended 31 March 2023.

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 2011 Act and in carrying out my examination I have followed all the 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 can 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:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
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.

Miss J K Foster ACA Foster & Co Ltd Unit 16 Eastway Business Village Olivers Place Fulwood Preston PR2 9WT

** June 2023

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COTTAM COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Incoming Resources Notes Income:- Grants:- 2 LCC Lea & Cottam Parish Council Operating Activities In furtherance of The Charity’s objects:- Hire of Hall Donations & Fundraising Activities Investment Income:- Bank Interest Total Incoming Resources Resources Expended Direct Charitable Expenditure:- Postage and Stationery Telephone Advertising & Internet Water Light & Heat Insurance Licencing Cleaning Annual Maintenance Contracts General Maintenance Refurbishment Costs Sundries Management and Administration of the Charity Accountancy Total Resources Expended Net Trading Resources Fund Balance Brought Forward Fund Balance Carried Forward	_	Unrestricted 2022 2022 £ £ 10000 - - 50 28652 20987 615 2460 134 22 _ 39401 23519 _ - 71 653 705 371 511 1041 744 1704 1515 1769 1638 782 373 2670 2295 1280 2515 2581 1435 14423 8773 403 571 27677 21146 _ 132 120 _ 27809 21266 11592 2253 40527 38274 _ 52119 40527 __ _____

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COTTAM COMMUNITY ASSOCIATION

BALANCE SHEET AT 31 MARCH 2023 2023 Note £ £ £ Current Assets Cash at Bank - Current Account 30931 19666 - COIF 6835 6716 Shawbrook Savings 15195 15195 _ _ 52961 41577 _ _ Current Liabilities Creditors 3 842 1050 _ _ Net Current Assets and Net Assets 52119 _____ Funds Income Funds – Unrestricted 52119 _____	2022	£ 40527 _____ 40527 _____

Approved on behalf of the Trustees

……………………………………………. MR T HART Date .. June 2023

The notes on page 6 form part of the accounts.

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COTTAM COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

(a) Basis of Accounting

These accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting by Charities (the “SORP”). The following accounting policies have been applied consistently throughout the year.
(b) Income
Income is accounted for on an accruals basis.
(c) Expenditure Expenditure is recognised on an accruals basis.

2. 3.	GRANTS LCC Lea & Cottam Parish Council CREDITORS:Amounts Falling Due Within One Year Deposits and Income Received in advance Accruals	2023 £ 10000 - _ 10000 _____ 2023 £ 710 132 ___ 842 _____	_ _
			_ _

4. TRUSTEES’ REMUNERATION

No remuneration directly or indirectly out of the funds of the Charity was paid or payable for the year to any Trustee or to any person or persons known to be connected with any of them.