COTTAM COMMUNITY ASSOCIATION
STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
FOSTER & CO LTD CHARTERED ACCOUNTANTS PRESTON
COTTAM COMMUNITY ASSOCIATION
CONTENTS
PAGE TRUSTEES AND ADVISERS 1 TRUSTEES’ ANNUAL REPORT 2 INDEPENDENT EXAMINER’S REPORT 3 STATEMENT OF FINANCIAL ACTIVITIES 4 BALANCE SHEET 5
NOTES TO THE FINANCIAL STATEMENTS
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COTTAM COMMUNITY ASSOCIATION
Registered Charity Number 1075646 Principal Address: Haydocks Lane Cottam Hall Preston PR4 ONY Secretary: Carolyn Gibson Trustees: Trevor Michael Hart (Chair) Anne Clucas Judith Parker Christopher Smith Carolyn Gibson Craig Neil Perrins Stacey Hindle (resigned 23.03.25) Sarah Wright Peter Greenwood Kevin Thomas (appointed 01.12.24) 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 2025.
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:
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select suitable accounting policies and then apply them consistently.
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make judgements and estimates that are reasonable and prudent.
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state whether the policies are in accordance with applicable accounting standards.
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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
15 July 2025
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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 2025.
Responsibilities and basis of report
As the charity’s trustees 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:
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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.
Miss J K Foster ACA Foster & Co Ltd Unit 16 Eastway Business Village Olivers Place Fulwood Preston PR2 9WT
15 July 2025
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COTTAM COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
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Unrestricted
Incoming Resources 2024 2024
£ £
Income:-
Operating Activities
In furtherance of
The Charity’s objects:-
Post Office Lease 5100 -
Hire of Hall 26238 30358
Donations & Fundraising Activities 225 505
Investment Income:-
Bank Interest 410 332
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Total Incoming Resources 31973 31195
Resources Expended
Direct Charitable Expenditure:-
Fundraising Costs 469 -
Telephone, Printing, Postage and Stationery 475 380
Advertising & Internet 527 388
Water 780 573
Light & Heat 3630 2525
Insurance 2124 1759
Licencing - 473
Cleaning 3038 2820
Annual Maintenance Contracts 2764 2501
General Maintenance 1708 2095
Refurbishment Costs - 17240
Sundries 480 1015
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15995 31769
_
Management and Administration of the Charity
Accountancy 168 144
Total Resources Expended 16163 31913
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Net Trading Resources 15810 (718)
Fund Balance Brought Forward 51401 52119
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Fund Balance Carried Forward 67211 51401
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COTTAM COMMUNITY ASSOCIATION BALANCE SHEET AT 31 MARCH 2025
| Current Assets Cash at Bank - Current Account - COIF Shawbrook Savings Current Liabilities Creditors Net Current Assets and Net Assets Funds Income Funds – Unrestricted |
Note £ 45377 7522 15195 _ 68094 _ 2 883 _ |
2025 |
£ £ 29898 7167 15195 _ 52260 _ 859 _ 67211 _____ 67211 _____ |
2024 |
£ 51401 _____ 51401 _____ |
|---|---|---|---|---|---|
Approved on behalf of the Trustees
……………………………………………. MR T HART Date 15 July 2025
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 2025
1. ACCOUNTING POLICIES
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(a) Basis of Accounting
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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.
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(b) Income
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Income is accounted for on an accruals basis.
(c) Expenditure
- Expenditure is recognised on an accruals basis.
2. CREDITORS: Amounts Falling Due Within One Year
Deposits and Income Received in advance Accruals |
_ _ |
2025 £ 715 168 ____ 883 ____ |
_ |
|---|---|---|---|
3. 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.
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