CHALKHILL COMMUNITY TRUST FUND FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charfty Number 1085890
CHALKHILL COMMUNllY TRusf FUND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 cofrrrEhrrs PAGE Trustees annual report
5 Independent examlner's report to the members statement of financial actniities (incorporating the income and expenditure account) Balance sheet Notes to the financlal statements 9-12
CHALKHILL COMMUNITY TRUST FUND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 REFERENCE AND ADMINisfRATIVE DEfAILS Re8lstered charity name CHALKHILL COMMUNITY TRUST FUND Charity reglstration number 1085890 Prfnclpal office C/0 Chalkhill Community Centre 113 Chalkhill Road Wembley London HA9 9FX THE TRUSTEES The trustees who served the charity during the period were as follows: Vivienne McKoy-Salt, Chair Manjula Daley Amanda Iroajanma, Treasurer John Frangou Cllr Kathleen Fraser Cllr Robertjohnson Independent Examlner AACSL Accountants Limited First Floor, North West Gate House Harlow Essex CM20 IYS Bankefs Lloyd5 Bank Nationwide Bank CCLA Charities Deposit Fund As at the date of this report no trustee of the charlty is holding the title to any property belonging to the charity. The trustees submitted thelr annual report and examlned financial statements for the year ended 30 SEPTEMBER 2024. The report and financial statements have been prepared In accordance with the Charities Act 2011. The trustees have adopted the provisions of the statement of recommended practice ISORPI 'Accounting and Reporting by Charities" (FRS 102) in preparing the report and financial statements, The charity Is registered with the Charity Commlssion. It is governed by its constitution which was adopted on 16 November 2000 and amended by Resolution dated 6 th December, 2018,
CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 OBJECTS AND AcfiviTIES Objects l. To provide or assist in the provision of facilities for recreation or other leisure time occupation in the interest of social welfare and with the object of improving the conditions of life for the residents of the area of benefit including especially persons who by youth. age, infimiity or disablemenL poverty or social or economlc circumstances may have need for such facilities; 2. To provide seNices. advice or assistance on terms appropriate to their means to elderly. disabled, handicapped (whether mentally or physically) or chronically sick residents of the area of benefit in need thereof which are specially designed or adapted to meet the disabilities and requirements of such persons; 3. To relieve poverty amongst the residents of the area of benefit in such ways as may be thought fit; 4. To advance education and training and provide unemployed people with work experfence amongst the re5ident5 of the area of benefit; 5. To provide public health and childcare facilities for residents of the area of benefit (but not including facilities which any publlc authority is obliged to provide to such persons),. 6. To promote publlc safety and prevent crime. Actlvities The Chalkhill Communty Trust Fund has made grants to help improve the well-belng and quality of life of residents in the community. ACHIEVEMENTS AND PERFORMANCE During the financlal year to 30 SEPTEMBER 2024, the Trust Fund has given grants totslling £66,244 to groups and projects which have helped to relieve poverty by providing back to school fundin& supported recreational activities, business training, and training for young residents, activities for older people and £49,000 in bursaries were granted for higher education. For the financial year ended 30 September 2024 the total grant funding provided to the Chalkhill Community amounted to £115,244 which included other personal grants to resldents wlthin the community. The Annual General Meeting will be held on Friday, 6th December 2024.
CHALKHILL COMMUNITY TRusf FUND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 FINANCIAL REVIEW Investment Pollcy The charity seeks to produce the best financial return within an acceptable level of risk and has invested £1 million of asset forthe longterm to generate income which is put back into the charityto provide grant funding for community-based projects of benefit to the wider Chalkhill community. The remaining assets are invested for the short term to match the profile of grant spend over three-year period. The trustees review the charity's Investment Policy on an annual basi5 to ensure continuing approprlateness. Reserves The charity does not currently have a reserves policy. As at 30 SEPTEMBER 2024 the charity had £1,572,525 Unrestricted Funds. Going Concern As at the date of approving the report and accounts, there are no uncertainties about the chariWs ability to continue as a going concern. Independent Examlner AACSL Accountants Ltd has been appointed as Independent Examiner and a resolution proposing their re-appointmentwill be put to the Annual General Meeting. Signed on behalf of the trustees: Vivienne McKoy-Salt Chair Amanda Iroajanma Treasurer G .g£.¢... ac)
CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 SEPTEMBER 2024. RESPEcfivE RESPONSIBILITIES OF TRusfEES AND EXAMINER AND BASIS OF REPORT As the charitvs trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act. Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Companies Art and are eligible for independent examlnation, I report in respert of my examination of your charlvs accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 ACVI. In carrying out my examination I have followed the Directions given by the Charity Commission undersection 145(5) {b) of the 2011 Art. INDEPENDEKf EXAMINER'S sfATEMENT I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me causeto believe: l. Accounting records were not kept in respect of the charity as required by section 386 of the 21x16 Act; or 2. The accounts do not accord with those records. or 3. The accounts do not comply with the requirernent of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair Vie which is not a matter considered as part of an independent examination; or 4. The accounts have not been prepared In accordance wrth the methods and principles of the ststement of recommended practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the financial reporting standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connertion viith the examination to which attention should be drawn in thi5 report in order to enable a proper understsnding of the accounts to be reached. AACSL Accountants Ltd Independent examiner 1st Floor The High North Westgate House Harlow CM20 IYS 1811212024
CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 CHALKHILL COMMUNITY TrUST FUND STATEMENT OF FINANCIAL ACTivmES {incorporaling an Income and Expenditure Accounl) Year ended 30 September 2024 Restrlcted Fund5 2024 Unrestricted Funds 2024 Total Funds 2024 Tolal Funds 2023 Note Income and endovfftwnts from: InVestmt income reIVed 45,512 45,512 42,708 Totsl 45,512 45,512 42,708 Expenditure on: Ctorilable ackn'¥ities (137,185) {137,185) {99,085) TOTAL (137,185) (137,185) (99,085} NET INCOMEIIEXPENDITURE) {91,673) {91,673) (56,37n Gains Th) investmentassets 123,321 123,321 25,480 Totsl funds brought fOard TOTAL FUNDS CARRIED FORWARD 1,540,875 1,540,875 1,571,772 1,512,524 1,572,524 1,540,875 All of the above amounts relate to continuing activities.
CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 CHALKHILL COMMUNITY TRUST FUND BALANCE SHEET As at 30 September 2024 2024 2023 Notes Fixed Assets Investment assets 1,417,272 1,293,951 Total Fixed Asset 1,417,272 1,293,951 Current Assets Debtors Cash at bank and in Hand 182,858 279,576 Total Current Assets 182,858 279,576 Liabilities Creditors amounts falling due within one year (27,605) (32,651) Net Current assets or liabililies 155,253 246,925 Total Net Asset or Liabilities 10 1,572,525 1,540,876 Funds Restricted Funds Unrestrided Funds Revaluation Resepie Total Funds 11 11 955,251 617,274 1,572,525 1,046,923 493,953 1,540,876
CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 For the year ended 30 SEPTEMBER 2024 the charity was entitled to exemption from audit under section 144 (21 of the Charities Art 2011 (the 2011 Act). Trustees, responsibilities: The members have not required the charity to obtain an audlt of its accounts for the year in question in accordance with see£ion 144 {2) of the 2011 Act; and The trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. These financial statements were approved by the Board of Trustees on the......... and are signed on their behalf by: Vivienne McKoy-Salt Chair Amanda roajanma Treasurer 061,°/
CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 NOTES TO THE ACCOUNTS ACCOUNTING POLICIES Basls of accountlng The financial statements have been prepared in accordance with accounting and reporting by charities: statement of recommended practlce applicable to charltles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charitie5 SORP (FRS 102)). the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. The financial statements are prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterlingwhich is the functional currency of the charity and rounded to the nearest £. Chalkhill Community Trust Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unle5S Otherwise stated in the relevant accounting policy note(sl. Golng concern The trustees have assessed the charit¢s abllity to continue as a going concem and there are no material uncertainties. Fund accounting General funds are unrestricted funds whlch are avallable 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 and gains are allocated to the appropriate fund. IncomlnB Resources All incoming resources are Included In the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resour¢es expended All expenditure is accounted for on an accruals basls and has been classified under headings that aggregate all costs related to the category. Where ¢05ts cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources: -io-
CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 NOTES TO THE ACCOUNTS Governance costs are those costs incurred in connection with the governance arrangement of the charity, which relate to the general running of the charity and compliance with regulatory and statutory requirements. The basis of allocation for support costs and govemance costs has been explalned in the notes. Flxed assets All fixed assets are initially recorded at cost. CHALKHILL COMMUNITYTRUST FUND NOTES TO THE ACCOUNTS Yur ended 30 &ptérnber 2024 Unrestricted Re8trlcted Funds, Fund8', 20241 2024, Ilncome from Invesknent Total Fund81 2024 Total Fund8. 2023 Invesknent received ,Other Income Bank intsst tec8iv8d 1,743. Tolal 44512 4708 E4)endIre on charltsble acllvld , Unre8trlcted. Restrlcted, . Funds Funds, Total Funds., 2024,, Total Fund8 2023 .Grantfor communlty projects Management and admlnlstration c08ts1 Govemance cost (See Note 4) 115,244 3),402 115,244 4 Gownance cost l -U"nregtrlctsd j Fund8 Total Funds, 2024 Totsl Funds, 2023 Accountar AGM - Training session Otherprof8ssiond fees 33.10 li-
CHALKHILL COMMUNITY TRUST FUND FINANaALSTATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 NOTES TO THE ACCOUNTS (contlnued) 5. RELATED PARTY TRANSACTIONS TRUSTEES. EMOWMENTS No salarfes or wages were paid directly to Trustees during the year. The Trustees did not recelve any personal remuneration for their servlces (2024: £Nil). The charity did not relmburse any individual expenses incurred by the Trustees for services provided to the charlty. However, during the financial year endlng 30th September 2024, CC4 a communlty organisation associated with one of the Trustees, received payments totslling £15,750 from CCTF for services rendered under a project funded by CCTF. These transactlons were conducted at arm's length and in accordance with the charitys conflict-of4nterest pollcy. The tharity Is exempt from tax on income and gains falling wlthin section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. ITANGIBLE FIXED ASSETS INVESTMENT ASSErs. TOTAL COST P8at01 Oct2023 Idifjon8 Di8PO8als Reluation Surplu8 At 30 Sept 2024 1,293,951 1,293,951 123,321 123,321 Netbook value A8 at01 Oct2023 ,A8 at 30 sept 2024 1 A17272 1A17272 1A17,272 1A17,272 8 CREDITORS= amounts falllng duevAthln oneyear 2024 2023 cruals 27,605 27.605 32,651 32,651 -12-
CHALKHILL COMMUNITY TRUST FUND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 CHALKHILL COMMUNttYTrUSTFUND NOTES TO ThEACCOUNTS l¢onlnue Y•arended30 September 2024 9 PENSION COMMITMENTS The charity has Tr) Paid phY88& and tkwelore ¢kfjs not pay arty 0nthlanS. 10 ANALYSIS OF CHIATABLE FUNDS ANALYSIS OF hlO¥EMENT IN UNRESTrICTED FUNDS BRlance at Inming l O¢t2023 Regour¢ Expendiiule Rwaluation Gn1[Lo#s1 123,321 30 Sept 2024 Geral 1,540,875 45,512 1137,181 1,572,524 ANALYSIS OF AIOVEMENT IN UNRESTRICTED FUNDS- Prevttiue year lane• al In¢omlng l Oct2022 Resaurces Ev8ndTr RaallOn Galnt(L0881 30 Sept 2023 Generd Fundg 1,571,772 41708 (99,0851 25,480 1,540,875 11 ANALYSIS OF NET ASSETS BEThVEEN FUNDS Nqlcurnenl Flxed a$8ds Restrr¢ba Ino)me Fd6 Unrestrt¢bJ Inffle Fd$ latal Fun 1.417,272 ,417,2 155.253 1552 1,572,525 1,572,525 ANALYSIS OF NET ASSETS BETWEEN FUNIIS. Prnvious y Net Current a88ets Fixed Assets Restricled InD)fi Funds Unrestit¢ted IncoffÉ Funds Tolal Fund$ 1,293.951 1,253,951 246,925 241925 1,SqO,876 1,540,876 12 UN4NCORPORATED CHARITY The tharity Klregistsrert fthpatues kknuse and thethi& thssnfied as uTruio)wabJ charity.