REGISTERED CEIARtTY NUMBER: 1092607 ort of the TrteeS alld Unaudited Financial Statements for the Year Ended 31 Mareh 2024 for Earle Crescellt Communi Assoclation Peter Upton Bridge House 2 Bridge Avenue Maidenbead Beftkshire SL6 IRR
Earle Ci'escent Conununiti, Association Contents of the Flnaneial Statements for the Year Ended 31 Mareh 2024 Pag¢ Report of the Trustees Independent Examlner's Report Statement of Financi&l Activittes Balance Sheet 9 to 10 Notes to the Flnaneial Statements 11 to 18 Detailed Statement of Flnanelal Aetivities 19 to 20
EArlev Ci"es¢ent ComTllUni Association ort of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the fumncial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reportino by Charities: Statement of Re¢on]mended Practice applicable to ChitIeS preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and ainjs l. Promote the benefit of the inhabitants of Earley and the surrounding area without distinction of sex, sexual Orientatio race or political, religious or other opinions, by associalillg together the said inbabitants to provide facilities in the interests of the social welfare r¢eation and leisure-time occupation with tbe object of improving the conditions of life of the said inhabitants. 2. Establish, or secure the establishment of, a Community Resource Centre and to maintain and manage the same in fijrtberance of these Objects. 3. Promote the advancement of edu¢atxon, the protection of health and the relief of povety, sickness, and distress, in particular by the provision of inforn]ation and learning centres. 4. Promote such other charitable purposes as n)ay from time to time detern]ine. Significant actlvltles The nIll activities undertaken in relation to the above objects and to further the charityls purposes for the public benefit are as follows: The Charity owns and operates the CResCent Resource Centre which is designed to meet the needs of voluntary and community organisations, clwities, and individuals primarily within ihe locality, but without any other restrictions. Room and hall hire are available for other charities, community. and voluntary organisations and for leisure, thational and health activities. The NeTghbourhood LEarning Centre is a multipurpose training room for computer based and other courses of interest to the public. Support and training are given to voluntary and community organisations that provide support to persons of lin]ited means and direct support to individuals. The CResCent Moon Café is open providtng tea, Coffee, and soft diith to the general public as well as an inforntsl meeting place and exhibition area. The Centre has an Inforniation Desk providing local ¢ommunity-based inforniation on a wide range of subjects sucb as health, educatio community activities and details for carers and the disabled. Further details of the Association's activities can be seen on the website: www.earleycresc¢nt.org. Publlc benefit Statement In exercising their duties to achieve the objecls of the Charity as set out above, the directors have paid due regard to the Charity Commission¢rs' guidance on public benefit in deciding what the tiVitieS should be. Volunteers We are now beginning to work toward pre-pandeniic levels, so our Voluntser base has increased. Also, our training programme has fully resumed. It Is estimated that some 4,800 hours of voluntary work were carried oul, valued at £54,900 based on statutory minitnum pay for over 22-year-olds. Page I
Earle Crescent cOmu1 Association ort of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE The following are the n]ajor achievements of the Charity during the reporting period in fulfilling its objectives and duty of public benefit. The centre remains a pernmnent home for some local groups including Oplalis Ltd (a day service for adults with learning disabilities), sadly this service ceased at the end of March due to funding issues within their organisatioL The Reading Church of Cl)risL Earley Bus, Value Lurning, X-Pert Diabefrs Education, Susan Daughtrey Educatio Yog Line dancillg, Macmillan Cancer Support, Queen Victoria Institute. Achieving for Childrffl4 Reading Advice NetworK and Pebblestone Counselling. Other local charitable and activity groups attend regularly, and there are many one-off community events iucluding bookings for polling Statio and Ijjcal Authority use. Continuing partnership with the Local authority and Departlllent foi Works and Pensions for the provision of their illfi)rn]atio Prornotion of the centre through a diverse range of rnarketing. including our own up-to-dafr website and regular pre&8 overdge. Pernwient advert in libraries, variolls newsletters, Earley Guide, ClickBerkshire, Family Grapevine, Wokingham Wor(t Facebook Instagram. Continued commitment from volunteers. with new volunteers joining. They bring a diverse range of skills to the association. Success in attracting new volunteers is largely due to the success of the Centre and the training and support give Provision of wide-ianging training opportunities both for local people and voluntary sector groups including first ai ¢onfidence building and employability. To support local people, in partnership with The National Careers Service, we have fiher ¢ontinued our Careers Advisory Service providing one to one information and advice sessions on l&qrning and work. This complemenls our existing work skills progrdmme, and our range of courses include infornmtion and advice on learning and work, CV WTiting, interview preparatioo interview skills, group infrrview skill, and job search using social networking. We are currently working with nine n]ajor employers who support us in delivering mock interviews to give the most recent and relevant tips on how to conduct themselves to the best of their advantage. To assist members of the community seeking employnent we have continued a partnership with both Reading and Bracknell Job Centres to ensure all current infornydtion is available in the Centre, which compliments the careers advice already available at Crescent as mentioned in the previous paragrdphs. Engaging 400+ inactive learners in an infOrnl and supportive environment. Ertgaging vulnerable, disabled, and isolated groups in a Tange of training. Partnership working with other local agencies such as Bracknell and Wokingham College. Local and District Councils, Mencap, Earley Years & Childcare. local Church groups. Optalis Lt(L Wokingham Voluuteer Centre, Wokingba Borough Children's Centre, Wokingham Borough Coll]tnunity Mental Health Dementia Awarelless Alliance. Berkshire Carers Hub, New Directions Reading, Reading Librdries, Reading Advice NetworL Autism Berkshire, Ivhitley Wood Conllnunity Association, Reading Refocus. Alana House, Day Compass Services and Clasp The centre is continuously held up as an example of good desi and working practice by nwiy OrganitiOns. We have been asked for advice by other groups starting similar projects elsewhere and involved with consultations regarding Transport, Health, Mental Health, Public Transport Infrastructure and Local Development Pla Provision of two computers for public use. Up to date software in the Neighbourhood Learning Centre training room and the publi¢-us¢ Computers. Area of benefit includes Greater Reading and widened parthersbips to publicise our services with Elevate Reading, New Directions, and Prospect Park. Renew and update all ¢ourse paperwork, marketlng, and publicity annually, including Matrix qualification. Page 2
Earle Crescent Communitv Association ort of the Trllstees for the Year Ended 31 Mareh 2024 FINANCIAL REVIEW Financial position Room hire has continued to be effected by the change in working Conditions and reded fimding for other charities. We are actively engaging with the community to promote the space, but in the Cunt clitilate. small ckwities and social groups are under severe flnancial pressure. Optalis Ltd further reduced their room hire in December 2023 which resulted in a huge financial loss, making their total hire to only IOO/o of our total income. They then gave notice to terminate their occupancy from 31 March 2024. We fmished the year with an unstrICted deficit of £22,921wthich is satisfactory in the circumstances and within our budget. Referring to the Neighbourhood Learning Centre restricted funds are set out in note 12. Referring to the Crescent restricted funds, The Earley CEMrity continued to fund the Association Managees employment and pension costs . After deducting amortisation of £19.308 there was a nominal building fund surplus 01£660,145 In all, The Earley Charitgs grants amounting to £70,822 and £39,178 were of vital importance in eDabling us to provide our services to Earley and the neighbourhood. The directors are most appreciative of these major contribution to our success. Future Prospe¢t$ The reductionlcessation of halvoffice hire of Optalis Ltd has made a huge impact on our income. Although we are actively engaging with our community to promote the space, this is incredil)ly difficult as nlY other charities and social groups are under severe financial pressure. The Earley Charity has now taken over an office space which replenishes the income lost by Optalis Ltd. However, we are rrentlY 210/0 down on last year. Regarding the Neighbourhood Learning Centre, tbe b&sic Earley Charity grani of £70,822 an increase from £61.000. However, there will be increased costs this year leading to a prospective deficit of some £16,000 which can be covered from our Training reserves One area in which we are experiencing an increasing demand is for courses on basic and follow-up English. This is for the benefit of an increasing number of Chinese in]migrants from Hong Kong, and reeeS from Afghanistan and Ukraine. Every effort is being made to offer our services to these people including attendance to support groups and other partsler organisations. The courses are provided free of charge and filled out of the Earley Clwity grant. Reserves Policy The Policy is bd on the difftnCe between the current assets and current liabilities (i.e. working capital) as appearing in the Balance Sheet at the eud of the financial year as detailed below. Crescent Resource Centre (Ullrestrieted Funds) To maintain a surplus of current assets over current liabilities (i.e., working capital) of £40,0 in respect of unrestricted fuDds.This figure is equal to approxilljately four months normal total turnover and is considered the appropriate level in view of the fact that much of the Association's income is in the forni of grdnts which lly be lor limited periods of time. The reserve is intended to provide working capital for the nonnal day-to-day wod(ing of the Associatio and in addition, to give the Assoctation time, ill the event of the c¢ssation of a major source of income, for ali¢rnativ¢ sources to be sougbt without damaging. in the short ternL the functions of the Association. As of 3 1st March 2024, the reserve amounted to £145,599 including the balance of the Projects Fun(L Neighbourhood Learning Centre (Restricted Funds) To maintain a surplus of current assets over current liabilities {i.e. worlang capital) of £75,000. In planning ahead of a new academic year, commitments have to be made for that year in respect of room and hall bookings, employnent of tutors and other factors. It is therefore considered necessary to have funds available to honour these commitments for the year ahead and the reserve is intended to provide such funds in the event of the cessation of grant fimding on which the NLC is reliant. Page 3
Earle , Cresceiit commiL- A550eiatio ort of the Trustees for the Year Ended 31 March 2024 Review of the Reserve Pollcles The Reserve Policies are reviewed annually after the end of the financial year in the light of results for that fllwicial year, or earlier if there is any substantial change in the Clwiws fmancial circumstances. Exemptions from disclosure This does not apply to this report. Funds held as custodian trustee on behalf of other8 No such fillmls are held. Grant-making The Charity n]ade no grants during the year and does not anticipate doing so to other charities and parties at presenL Pensioll Policy The Charity joined the Pension Auto-Enrolment scheme in November 2016 and Gontributes to staff pension scheme policies at the rate of 6 % of basic gross salary. Ownership of Property Earley Charity provided the funding for the ¢onstruclion of the cr¢ent Centre building which was demised to Earley Crescent Community AssociatioL Should the Earley Cr¢s¢ent Comn]unity Asso¢iation be wound up in the future, the ownership of the building would revert to Earley Charity. Wokingham Borough Council owns the freehold of the land on which the Crescent Resource Centre is built. It has granted a lease to the Earley Crescent Community Association for a terni of 60 years from 6 August 2003 at a rental of £l.i)O per annum. This provides an estin]ated benefit of £3.160.00 per annum. FUTURE PROJECTS AND PLANS At the present time, the trustees do not anticipate any changes in the Clwity's activities. STRUCTURE, GOVERNANCE AIYD MANAGEMENT Governlng document The governing document is the Memorandum and Articles of Association and subject to the provisions set out in the Companies Act 2006 and tbe Charities Act 2011. Charity constitution The company is incorporated as a clwitable company limited by guarantee, not having share capital and being a registered charity in England and Wales. A Board of Directors meet quarterly or othenvise as necessary and administers the Charity. There are sub-groups covering: building, fllmnce. persomiel. publicity, and outreaclL A staff management team carries out the day-t(Fday functioDS of the Couununity Resource Centre: Recruitment and appointmeDt of new trustees Directors must be a member of the Charity and not be disqualified as a Director or Tntee by the Articles. No body or individual external to the Charity is perniitted to appoint directors. Members are invited to put themselves forward or be nominated by other members as directors. Directors are elected by the nienlbers at the Annual General Meeting or other General Meetings for a t¢rni of three years. Directors may offer themselves for re-election at the end of their terni of office. The Directors have power to appoint new directors at any stage in between Generdl Meetings. Such directors hold office until the next available General Meeting at which time they must stand for eleclion by the menkners. Induction and tralning of new trustees Once appOInfr new trustees receive appropriate training in their duties and responsibilities by reference to relevant literature including publications issued by the Charity Commissioners and advice and assislance from existing trustees. Where possible, trustees are encouraged lo attend related training courses and seminars. Page 4
Earle Crescent Communi A550ciation ort of the Trnstees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04383491 (England and Wales) Registered Charity number 1092607 Registered office Crescent Resource Centre Warbler Drive Earley Reading Berkshire RG6 4HB Trustees R AnS Ms E Spratling Ms J Cant T J Chanthers R Codling (resigned 1.4.24) AR Bonnett AAHenty P Hooper Ms C Thompson The Annual General Meeting held on the 7th of Noventher 2023 was open to all members of the AssociatioL The following directors retired by rotation and being eligible, offered themselves for re-election. They were duly elected for a tenn of 3 years, except for Rex Codling who chose to offer himself for one ycar only. Robert Ames Elaine Spratling Rex Codling The following are the duly elected directors as of 31 Mawh 2024. Robert Ames (Chairnmn) Tony Henty Tony Bonnett Jane Cant Elaine Spratling Cindy Thompson Philip Hooper Tim Chau]bers Rex Codling (Treasurer) (Resigned 1.4.24) Association Manager to whom day to day Jnanagement of the Charity is delegated: Kate Long Staff Kate LDng- Association Manager Patricia Moreton- Community Link Worker Sameena Rizvi - Training Officer Isabella Hughes - NLC Support Worker Yvette Shears - Office Manager Samantha Mitchell - Finance Assistant Malcolm Gaudreau- Senior Car¢taker Mark Robson - Caretal(er Kyle Hobbs - Relief Caretaker Page 5
EarleTr Crescent Communll Association ort of the Trustees for the Year Ended 31 March 2024 REFERENCE AI¥D ADMINISTRATIVE DETAILS Independent Examiner Peter Upton Bridge House 2 Bridge Avenue Maidenhead SL6 IRR Solieitors The Head Partnership 9 c]]fot Court LA)wer earley Reading Berkshire RG6 5SY Advisers CAF Bank Ltd 25 Kings Hill avenue Kings Hili W¢st Malling ME19 4JQ Approved by order of the board of trustees on..... ...... ........ 2 G•24 ...... and signed on its behalf by. Page 6
Inde endent Eiaminer's Re Earlev Crescent Communi ort to the Trllstees of Associatioll Independellt exanner'S report to the trustees of Earley Creseent Conununity Association ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trnstees of the Company (and also its directors for the purposes of con]pany law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act?. Having satisfied myself that the aocounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the CILarities Acl 2011 ('the 2011 Act,). In calg out my exarnination I have followed the Directions given by the Charity Conllnission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirni that no matters have come to my attention in connection Ivith the examination giving me cause to believe: accounting records were not kept in respect of the Conwany as required by Section 386 of the 2006 A¢t' or the accounts do not accord with those records. or the accounts do not Comply with the accounting requirements of Section 396 of the 2006 Act 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. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Praoti¢e 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 concenLS and have come across no other matters in comiection with the examination to which attention should be drawn in this report in order to enable a proper uoderstanding of the accounts to be reached. Peter Upton Ltd Peter Upton Bridge House 2 Bridge Avenue Maidenhead Berkshire SL6 IRR Dale: .. Page 7
Eai'le Cresceut Communi A550eialion Statement of Financial Aetlvlties for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Totsl flmds Unrestricted funds Restricted fijnds Notes INCOME AND ENDOWMENTS FROM Donations and lega¢ies (341) 73.128 72,787 69,072 Other trdding activities Investtnent income Other income 118,699 2,404 672 4,842 2.404 123.541 4,808 672 135,329 1,608 2.065 Total 121,434 80,374 201,808 208.074 EXPENDrruRE ON Charitable activitie5 Costs 144,355 88,502 232.857 208,157 Oth¢r 24,317 24,317 22,625 Total 144,355 112,819 257,174 230.782 IYET INCOMEI{EXPENDITURE) (22,921) (32,445) (55,366) (22,708) RECONCtLL4TION OF FUNDS Total fimds brought forward 168,520 748,663 917,183 939,891 TOTAL FUNDS CARRIED FORWARD 145,599 716,218 861,817 917,183 The notes form part of these fll)ancial statements Page 8
Eai'lev Cre5eent CommiiThitv Associatton Balanee Sheet 31 March 2024 31.3.24 Total nds 31.3.23 Total funds Unrestricted funds Restricted fidS Notes FIXED ASSETS Tangible assets 9,937 671,910 681,847 687.162 CURRENT ASSETS Debtors Cash at bank and in hand 17,064 153.126 2,018 51,187 19,082 204.313 23.417 253,312 170.190 53,205 223,395 276,729 cREDoRs Amounts falling due witbin one year io (11,935) (8,897) (20,832) (17.557) ET CURRENT ASSETS 158,255 44,308 202,563 259,172 TOTAL ASSETS LESS CURRENT LIABILITIES 168,192 716.218 884,410 946,334 PROVISIONS FOR LIABILIEs li (22,593) (22,593) (29,151) Y4ET ASSETS 145,599 716,218 861,817 917,183 FUI¥4DS Unrestricted funds Reslricied funds 12 145,599 716,218 168,520 748,663 TOTAL FUNDS 861,817 917.183 The clwitable Company is entitled to exemption from audit under Section 477 of the Compallies Act 2006 for the year ended 31 March 2024. The members have not Tequired the company to obtain an audit of its fn¢la1 statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trnstees acknowledge their responsibilities for (a) eDsuring tbat the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a t and fair view of the state of affair5 of the charitable company as at the end of each financial year and of its surp18 or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requiretncnts of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes forn] part of these fu]C1a1 statements Page 9 continued...
Earlev Crescent ComMuiii Association Balanee Sheet- eontlnued 31 Mareh 2024 These finallc1 statements have been prepared in accordance with tlle provislons applicable to cbaritable companies subject to the small companies regime. The financi I statements were approii¢d by the Board of Trustees and authorised for issue and iijere si(FTred on its belialf by. on R Ames . Tntee The notes forni part of these financial statements Page 10
Earle . Crescent Conununi -4s50ciation Notes to the Finaneial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basls of preparation The fmancial statements of the charitable company, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'A¢counting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic ol Ireland (FRS 102) (effective l January 2019),, Fillancial Reporting Standard 102 'The Financial Reporting Standard applicable in tbe UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost conventiotk. l.The fmancial statements have been prepared in accordance with the provisions of SORP 2015 (FRS). As small charity not subject to a slatutory audi¢ the directors have opted for reduced reporting requirements where perniitted, and in particular.. a) Income and Expenditure is Tecognised by the natur¢ of th¢ items, not on an activity basis. b) Omission of a statement of cashfiows. 2. Under the historical cost convention and in accordan¢e with the special provisions of the Companies Act 2006 r¢lating to small companies. 3. On a going concern basis, there being no material uncertainties about the Charitys ability to continue. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income from tbe hire of roon and the hall is recognised when the booking has taken place and invoiced. Expenditure Liabilities are reColsed as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. ExpenditLwe is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannoi be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tanglble fixed rdssets Tangible Fixed Assets are stated at historical cost less depreciation. Depreciation is provided on a straight-line basis at rates calculated to writewoff the cost less residual value of each asset over its expe¢ted life As follows: Rate of depreciation Over Period of lease Buildings Car Park surfaceldrainage 20 year5 Furniture,Fittings & Equipment 5 or 10 years Taxation The charity is exempt from corporation tax on its clwitable activities. Fulld accounting Unrestricted ftjnds can be used in accordance with the ¢haritable obje¢tives at the discretion of the trustees. Restricted fidS Can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when ndS are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pagell continued...
Earlev Crescent Comn]unitv Assoeiation Notes to the Flnancial Statements - Continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Pension costs and other post-rettrement beneflts The charitable company operates a defujed contribution pension scheme. Contributions payable to the Charitable compangs pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Flnanelal Instruments The charity only h&s fll]ancial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value. OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Room and Hall hire Coffee Bar, Catering and lunch Course Fees Fundratsing Hire of Equipment 106.920 7,572 3,350 4,207 1,492 115,920 6.217 8,400 3.524 1.268 123,541 135,329 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 4,808 1,608 1¥4ET INCOMEI(EXPENDITURE) Net incomel{expenditure) is stated after Chargin(Crediting). 31.3.23 Depreciation- owned assets ?4,319 22.354 TRUSTEES, REMUNERATION AND BENEFITS There were no ttees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 Mawb 2023. Trnstees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 12 continued...
Earle Crescellt Communitv .LK550cialion Note¥ to the FiBAncial Statements- ¢ontillued for the Year Ended 31 Mar¢h 2024 STAFF COSTS The average monthly number of employees during the year was as follows.. 31.3.24 31.3.23 Crescent Resource Centre Neighbourhood L£arning Centre No employees received employee benefits of more than £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total fimds INCOME AND ENDOWMENTS FROM Donations and legacies 4,814 64,258 69,072 Other trading activities Investment income other income 119,444 864 2,065 15,885 744 135,329 1,608 2,065 Total 127,187 80,887 208,074 EXPENDITURE ON Charitable actlvfitles Costs 122,714 85,443 208,157 Other 22,625 22,625 Total 122,714 108,068 230,782 NET tNCOMEI(EXPENDITURE) 4,473 (27,181) (22,708) RECONCtLIATION OF FUNDS Total fimds brought fonvard 164.047 775.844 939,891 TOTAL FUNDS CARRIED FORWARD 168.5?0 748,663 917,183 Page 13 continued...
Earlev Crescent Communi , Associatton Notes to the Financial Statements - continued for the Year Ended 31 March 2024 TANGIBLE FIXED ASSETS Fixtures and fittings Long leasehold Tothls COST At l April 2023 Additions Disposals 1,027,873 114,323 19.004 (26,811) 1.142,196 19,004 (26,811) At 31 March 2024 1,027,873 106,516 1.134,389 DEPRECIATION At l April 2023 Charge for year Eliminated on disposal 348,420 19,038 106,614 5,281 (26,811} 455,034 24,319 (26,811) At 31 March 2024 367,458 85,084 452,542 1¥4ET BOOK VALUE At 31 March 2024 660,415 21,432 681,847 At 31 March 2023 679,453 7,709 687,162 DEBTORS: AMOUNTS FALLll¥G DUE wrfHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Other debtors Prepaynkents and a¢¢na income 9,787 46 9,249 12.437 21 10,959 19,082 23,417 io. CREDITORS: AMOUNTS FALLllYG DUE wrrHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Other creditors Accruals and deferred income 3,038 1.102 19,730 14,519 20,832 17,557 Page 14 continued...
Earlev Cre cent Coollnunit Association Notes to the Financial Statements - Continued for the Year Ended 31 March 2024 ii. PROVISIONS FOR LIABILITIES 31.3.23 Provisions 12,593 29,151 Building's Maintenance & Repair 2024 2023 Balance brought forward April 012023 Transfer in during the year 29,151 2.650 29,151 6.150 31,801 (IY,708) 32.002 (2,851) Expenditure during the year 19,093 29.151 Provision 2024 Balance brought fonvdrd April 2023 Transfer in during the year 8,217 8,217 (4,717) Expenditure duiing the year 3,500 12. MOVEMENT IN FUNDS Net movement in fimds At 31.3.24 At 1.4.23 Unrestricted funds General fimd Projects 145.285 23.235 (22,921) 122,364 23,235 168,520 (22,921) 145.599 Restricted funds Leasehold Buildings Neighbourhood Learning Centre FixtureslttlngS & Equipment Centre fimd 679,183 71.565 (3,198) 1,113 (19,038) (8,128) (5,279) 660,145 63,437 (8.477) 1,113 748,663 (32,445) 716.218 TOTAL FUNDS 917.183 {55,366) 861,817 Page 15 continued...
rlev Crescent Communi -4ssociation Notes to the Finaneial Statements - eontinued for the Year Ended 31 Marckn 2024 12. MOVEMENT IN FUNDS - eontlnued Net movement in fids, included in the above are as follows: Incorning resources Resources expended Movement in funds Ullrestricted fullds General fimd 121.434 (144,355) (22,921) Restricted funds Leasehold Buildings Neighbourbood Leatning Centre Fixtures,Fittings & Equipn]ent (19,038) (88,502} (5,279) (19,038) (8,128) (5,279) 80,374 80,374 (112.819) (32.445) TOTAL FUNDS 201,808 (257.174) (55.366) Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Projects 140,812 23,235 4,473 145,285 23,235 164,047 4,473 168,520 Restricted funds Leasehold Buildings Neighbourhood Learning Centre FiKtures,Fittings & Equipment Centre fimd 698,491 76,121 119 1,113 (19,308) (4,556) (3,317) 679,183 71,565 {3,198) 1,113 775,844 (27,181) 748,663 TOTAL FUNDS 939.891 (22.708) 917,183 Page 16 continued...
E8rlev Creseent Communi AssoeiatKon Notes to the Financial Statements - contillued for the Year Ended 31 March 2024 12. MOVEMENT IN FUNDS - continued Comparative net movement in fvnds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrfieted funds Genernl fund 127,187 (122,714) 4,473 Restricted funds Leasehold Buildings Neighbourhood Learning Centre FiKtures,Fittings & Equipment (19,308) (85,443) (3,317) (19,308) (4,556) (3317) 80.887 80,887 (108,068) (27,181) TOTAL FUNDS ?08,074 (230,782) (22,708) General fund Provide a Community Resource Centre wilh the flexibility to serve the needs of all voluntary and community based organisations, charities and individuals with in Earley, Reading and Wokingham Borough and the SLwrounding area. Projects fund Fundraising set aside for future projects. Building fund Building costs of the Crescent Resource Centre and Extension and Car Park surface and drainage less Amortisatkon and Depreciation. Neighbourhood Learnlng Centre Fund Supporting training courses and Course costs, markeling of projects and flding of NLC staff. Centre fund Provides for the employment costs of the Centre Manager and related expenditure funded by Earley Clwity on a rolling three year basis and subject to regular reporting to the Charity. Fixtures Flttings & Equlpment Fund Provide for certain fixtures, fittings and equipment paid for from "one-off, grants in respect of the Resource Centre and Garden. 13. RELATED PARTY DISCLOSURES There were no related paty transa¢tions during the year that need disclosure. Dlreetors ' Interests The following interests have been declared by the Directors in accordance with the Cbarity's conflicts of interest Policy: Name of Director Relates to Deserlption of Interest Robert Ames Robert Ames Philip Hooper Anthony Henty Self Self Self Self Trnstee of Earley Charity Trustee of EarleyBus Trustee of Earley CILarity Treasurer of EarleyBus Page 17 continued...
Eai'lev Crescent Comniunlltv Association Notes to the Finanelal Statements - contlnued for the Year EDded 31 March 2024 14. SHAIiE CAPITAL AND MEMBERSHIP The cotnpany is limited by Guarantee and without sllare capital. Each member undertakes to Contribute such amount as may be required, not exceeding £10, to the assets,debts, liabilities and costs in the case of the Company being wound up with insufficient assets to repay its liabilities. TILere is no controlling party, Each member is liable for the Sall guarantee and no one member has more voting rigbts than anotber. Page 18
Earlev Crescent ConimuDitv Association Detailed Statement of Flnallcial Actlvities for the Year Ended 31 Mareh 2024 31.3.24 31.3.23 COME AND ENDOWMENTS Donations and legacies Donations Grants 393 72,394 4,814 64,258 72,787 69,072 Other trading aetlvldes Room and Hall hire Coffee Bar, Catering and lunch Course Fees Fundraising Hire of Equipment 106,920 7,572 3,350 4,207 1,492 115,920 6,217 8,400 3,524 1,268 123,541 135,329 Investment income Deposit account interest 4,808 1,608 Other Income Sundry income 672 2,065 Total incomlng resourees 201,808 208,074 EXPE1VDURE Charitable aetivities Wages Social security Pensions Rates Insurance Utilities Telephone Equipment & stationery Advertising Repairs & renewals Coffee bar & caterAng Course fees Tutor fees Admin. & Office costs Outsourcing Sundry expenses Accountancy & l.E. Bad debt Professional fees 123,276 4,591 6,754 1,072 5,996 13,225 5,105 3,350 755 9,431 2,123 15,693 21,659 11,464 2,916 112.617 2,475 6,376 1,004 5,590 9,673 3,516 3,591 566 10,726 1,856 12,918 20,896 9,145 3.107 1,208 1,620 29 2,880 507 2,000 232,797 206,913 This page does not forn] part of the statutory financial statements Page 19
Earlev Crescellt Cotnniuni A550ciatlOll Detailed Statement of Ffinanclal Actlvllles for the Year Ended 31 March 2024 31.3.24 31.3.23 Support Costs FlllaD¢e Bank charges 60 114 GovernaDee Costs Postage and stationery Long leasehold Fixtures and fittings 1,130 19,308 3,317 19,038 5,279 24,317 23,755 Total resources expended 257.174 230,782 Plet expelldlture (55,366) {22,708) This page does not forni part of the stathtory financial statements Page 20