DRAFT corrAM COMMUNITY ASSOCIATION STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 FOSTER & CO LTD CHARTERED ACCOUNTANTS PRESTON DRAFT corrAM COMMUNITY ASSOCIATION CONTENTS PAGE TRUSTEES AND ADVISERS TRUSTEES: ANNUAL REPORT INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS DRAFT COTTAM COMMUNITY ASSOCIATION istered Chari Number 1075646 Principal Address: Haydocks Lane Cottam Hall Preston PR4 ONY Secretary: Colin Moore Trustees: Trevor Michael Hart (Chair) Anne Clucas Joanne Rachel Esmond (resigned 29.07.23) Judith Parker Christopher Smith Carolyn Gibson Craig Neil Perrins Stacey Hindle Sarah Wright Peter Greenwood (appointed 29.07.23) Bankers: Lloyds Bank 94 Fishergate Preston PRI 2JB Inde￿ndent Examiners: Foster & Co Ltd Unit 16 Eastway Business Village Olivers Place Fulwood Preston PR2 9WT DRAFr corrAM COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT The Trustees present their Report and the Financial Statements for the year ended 31 March 2024. Trustees & Advisers These are shown on page l. Summa 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. Res onsibilities Charity law requires the Trustees to prepare Financial Statements for each financial year, which give a true and fair vicw 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 reasonabl¢ 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 - Chairnian ** July 2024 DRAFT 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 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 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. can confirnl that no material matters have come lo 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 2. the accounts do not accord with those records: or 3. the accounts do not comply with the applicable requirements concerning the 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 connection with the examination to which attention should be drawn in this report in order to enable a proper understanding ot" the accounts to be reached. Miss J K Foster ACA Foster & Co Ltd Unit 16 Eastway Business Village Olivers Place Fulwood Preston PR2 9WT ** July 2024 DRAFT corrAM COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Incomin Resources Notes 2024 IncoEne:_ Grants:. 10000 Operating Activities In furtherance of The Charity's objects:. Hire of Hall Donations & Fundraising Activities Investment Income:. Bank Interest 30358 505 28652 615 332 134 Total Incoming Resources 31195 39401 Resources Ex ended Direct Charitable Expenditure:_ Telephone Advertising & Internet Water Light & Heat Insurance Licencing Cleaning Annual Maintenance Contracts General Maintenance Refurbishment Costs Sundries 380 388 573 2525 1759 473 2820 2501 2095 17240 1015 653 371 1041 1704 1769 782 2670 1280 2581 14423 403 31769 27677 Mana ement and Administration of the Chari Accountancy 144 132 Total Resources Expended 31913 27809 Net Trading Resources Fund Balance Brought Forward (718) 52119 11592 40527 Fund Balance Carried Forward 51401 52119 DRAFT COThAM COMMUNITY ASSOCIATION BALANCE SHEET AT 31 MARCH 2024 2024 2023 Note Current Assets Cash at Bank - Current Account 29898 7167 15195 30931 6835 15195 COIF Shawbrook Savings 52260 52961 Current Liabilities Creditors 859 842 Net Current Assets and Net Assets 51401 52119 Funds Income Funds - Unrestricted 51401 52119 Approved on behalf of the Trustees MR T HART Date ** July 2024 The notes on page 6 fom] part of the accounts. DRAFT COTTAM COMMLTrJITY ASSOCIATION NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (a) Basis of Accountin These accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and ihe Statement of Recommended Practice Accounting by Charilies (the -'SORP"). The following accounting policies have been applied consisl¢ntly throughout the year. (b) Income Income is accounted for on an accruals basis. nditure Expenditure is recognised on an accruals basis. GRANTS 2024 2023 LCC i 0000 CREDITORS: Amounts Falling Due Within One Year 2024 2023 Deposits and Income Received in advance Accruals 715 144 710 132 859 842 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 b¢ connected with any of them.