COMPANY NUMBER: 4765911 (ENGLAND AND WALES) REGISTERED CHARITY NUMBER 1100458
RIDGEWOOD COMMUNITY ASSOCIATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Adams Root Limited t/a Adams Root & Associates
Chartered Certified Accountants Bristol
RIDGEWOOD COMMUNITY ASSOCIATION
CHARITABLE COMPANY INFORMATION
| Company Number: | 4765911 (England and Wales) |
|---|---|
| Registered Charity Number: | 1100458 |
| Trustees: | J Groves – Chair |
| R Churley | |
| M Williams | |
| C Sutton | |
| J Norcombe | |
| Secretary: | J Norcombe |
| Treasurer: | M Williams |
| Registered Office: | 244 Station Road |
| Yate | |
| South Gloucestershire | |
| BS37 4AF | |
| Accountants: | Adams Root Limited t/a Adams Root & Associates |
| Chartered Certified Accountants | |
| 86 Shirehampton Road | |
| Stoke Bishop | |
| Bristol | |
| BS9 2DR | |
| Bankers: | Barclays Bank Plc |
| Leicester | |
| LE87 2BB |
RIDGEWOOD COMMUNITY ASSOCIATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024
CONTENTS
| Page | |
|---|---|
| Trustees Report | 1 - 2 |
| Accountants Report | 3 |
| SOFA | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 - 9 |
RIDGEWOOD COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES OF RIDGEWOOD COMMUNITY ASSOCIATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their report with the financial statements of the charitable company for the year ended 30 September 2024.
Principal Activities
a) to promote the benefit of the inhabitants of Yate and Sodbury and the neighbourhood without distinction of sex (gender) or of political, religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupations with the object of improving the conditions of life for the said inhabitants.
b) to establish or to secure the establishment of a Community Centre and to maintain and manage, or to co-operate with any local statutory authority in the maintenance and management of, such a Centre for activities promoted by the Association and its constituent bodies in furtherance of the above objects.
The Association shall be non-party in politics and non-sectarian in religion. The Association shall have power to affiliate to the National Federation of Community Associations and to other organisations with similar charitable objects.
These objects and activities are achieved by the provision of comfortable and affordable accommodation.
Review of Business
The board of trustees are satisfied with the performance of the charity during the year and the position at 30 September 2024 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity’s assets are adequate to fulfil its obligations.
Fixed assets
Changes in fixed assets during the year are set out in the notes to the financial statements.
Responsibilities of the Trustees
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the company and of the profit or loss of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
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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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
1
RIDGEWOOD COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES OF RIDGEWOOD COMMUNITY ASSOCIATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024
This report has been prepared in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small companies.
Approved by the trustees on 18th April 2025 and signed on its behalf by:
J Groves – Director and Trustee
2
REPORT OF THE ACCOUNTANTS
TO THE TRUSTEES OF
RIDGEWOOD COMMUNITY ASSOCIATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024
We report on the financial statements on pages 4 to 9 which have been prepared under the historical cost convention and the accounting policies set out on page 6.
Respective responsibilities of the Trustees and reporting Accountants
As described on page 5 the Trustees (who also act as directors) are responsible for the preparation of financial statements and that they consider that the charitable company is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion to you.
Basis of opinion
Our work was conducted in accordance with the Statements of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the charitable company, and making such limited enquiries of the officers of the charitable company as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.
Opinion
In our opinion:
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a) the accounts are in agreement with the accounting records kept by the charitable company under Section 221 of the Companies Act 2006;
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b) having regard only to, and on the basis of, the information contained in those accounting records:-
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i) the accounts have been drawn up in a manner consistent with the accounting requirements specified in Section 249C(6) of the Act; and
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ii) the charitable company satisfied the conditions for exemption from an audit of the accounts for the year specified in Section 249A(4) of the Act (as modified by Section 149A(5)) and did not, at any time within that year, fall within any of the categories of companies not entitled to exemption specified in Section 249B(1).
_____ Adams Root Limited t/a Adams Root & Associates Chartered Certified Accountants Bristol
Date: 18[th] April 2025
3
RIDGEWOOD COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Note Incoming resources Income 2 Direct charitable expenditure Activities in furtherance of charity’s 3 objectives Fund raising Net incoming resources Interest Received Resources expended Wages and salaries-administration National insurance on administration salaries Pensions Training and welfare Cleaning Equipment Expensed Telephone and fax Stationery and postage Subscriptions and licences Donations Software and computer Advertising and PR Bank charges Companies House Audit & accountancy Other accountancy fees Legal and professional fees Insurance Sundries Bad Debts Total resources expended Corporation tax Net movement in resources for year Fund balance brought forward Transfer between funds Fund balance carried forward |
Unrestricted Funds Designated Funds Total Year ended 30/9/24 Total Year ended 30/9/23 £ £ £ £ 200,695 - 200,695 202,054 132,596 - 132,596 131,842 - - - - |
|---|---|
| 132,596 - 132,596 131,842 |
|
| 68,099 - 68,099 70,212 810 - 810 355 48,252 - 48,252 44,399 - - - - 784 - 784 681 658 - 658 1,146 3,053 - 3,053 2,306 - - - 350 3,986 - 3,986 2,000 317 - 317 291 35 - - - 35 - 35 - 471 - 471 427 66 - 66 - 174 - 174 120 13 - 13 13 1,092 - 1,092 954 323 - 323 333 - - - - 9,214 - 9,214 8,490 59 - 59 - - - - - |
|
| 68,497 - 68,497 61,545 |
|
| - - - - 412 - 412 9,022 180,151 - 180,151 171,129 - |
|
| 180,563 - 180,563 180,151 |
4
RIDGEWOOD COMMUNITY ASSOCIATION
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
| Note Tangible fixed assets Tangible assets 5 Current assets Debtors 6 Cash at bank and in hand Creditors Amounts falling due within one year 7 Net current assets Net assets Capital and reserves Unrestricted funds 8 Designated funds |
30 September 2024 £ £ 1,906 25,267 154,686 179,953 1,296 178,657 180,563 180,563 - 180,563 |
30 September 2023 £ £ 1,785 24,388 155,178 179,566 1,200 178,366 180,151 180,151 - 180,151 |
30 September 2023 £ £ 1,785 24,388 155,178 179,566 1,200 178,366 180,151 180,151 - 180,151 |
|---|---|---|---|
| 180,151 | |||
| 180,151 - |
|||
| 180,151 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provision in Part 15 of the Companies Act 2006 applicable to Companies subject to the small Companies regime.
Approved by the trustees on 18[th] April 2025 and signed on its behalf by:
Trustee - J Groves - Chair
5
RIDGEWOOD COMMUNITY ASSOCATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies
Accounting convention
The financial statements are prepared under the historical cost convention and incorporate the results of the principal activity which is described in the trustees’ report and which is continuing.
Income
Income comprises the invoiced value of goods and services supplied by the charitable company, together with grants and donations.
Depreciation and diminution in value of assets
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:-
Equipment, furniture and fittings 20% and 33% straight line basis
2. Incoming Resources
Income is attributable solely to continuing operations and derives from one activity as described in the trustees’ report.
| Unrestricted | Unrestricted | Restricted | Restricted | Total | Last year | Last year | |
|---|---|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Incoming resources for | |||||||
| acquisition of fixed assets | 0 | 0 | 0 0 | ||||
| Revenue grants, legacies & | |||||||
| Donations | 0 | 0 | 0 0 | ||||
| Operating activities in furtherance | |||||||
| of charity’s objects-charitable | |||||||
| letting of non investment property | 198,242 | 0 | 198,242 200,998 | ||||
| Activities for generating funds | 0 | 0 | 0 0 | ||||
| Investment income | 0 | 0 | 0 0 | ||||
| Other incoming resources | 2,453 | 0 | 2,453 1,056 | ||||
| Total Incoming Resources | 200,695 | 0 | 200,695 202,054 |
6
RIDGEWOOD COMMUNITY ASSOCATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Grants, legacies and donations Government and public bodies Yate Town Council Dodington Parish Council South Gloucestershire Council Sodbury Town Council Total |
- - - - - - - - - - - - - - - - - - - - |
|---|---|
| - - - - |
Non government and non public bodies
3.
| Heron Art Baby Sensory Yate Other Total Direct charitable expenditure Costs of charitable letting of non investment property Depreciation of assets used for charitable purposes Total |
- - - 0 - - - 0 - - - 0 - - - 0 130,827 - 130,827 130,186 1,769 - 1,769 1,656 132,596 - 132,596 131,842 |
|---|---|
| 132,596 - 132,596 131,842 |
4. Staff costs
The aggregate payroll costs of these persons were as follows:
| Wages and salaries National insurance Average no. of employees during the year |
2024 £ 48,252 - 48,252 4 |
2023 £ 44,399 - |
|---|---|---|
| 44,399 | ||
| 3 |
No employee earned £50,000 or more during the year.
7
RIDGEWOOD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 5. 6. 7. |
Tangible fixed assets Cost: At 1 October 2023 Additions At 30 September 2024 Depreciation: At 1 October 2023 Charge for the year At 30 September 2024 Net book value: 30 September 2024 Net book value: At 30 September 2023 Debtors and prepayments Amounts falling due within one year:- Trade debtors Prepayments and other debtors Creditors Amounts falling due within one year:- Other taxes & social security Accrued expenses Other creditors |
Equipment, furniture & fittings £ 28,514 1,890 30,404 26,729 1,769 28,498 1,906 1,785 2024 2023 £ £ 25,267 24,284 - 104 25,267 24,388 2024 2023 £ £ 0 0 1,296 1,200 0 0 1,296 1,200 |
Equipment, furniture & fittings £ 28,514 1,890 30,404 26,729 1,769 28,498 1,906 1,785 2024 2023 £ £ 25,267 24,284 - 104 25,267 24,388 2024 2023 £ £ 0 0 1,296 1,200 0 0 1,296 1,200 |
|---|---|---|---|
| 30,404 | |||
| 26,729 1,769 |
|||
| 28,498 | |||
| 1,906 | |||
| 1,785 | |||
| 2023 £ 24,284 104 |
|||
| 24,388 | |||
| 2023 £ 0 1,200 0 |
|||
| 1,200 |
8
RIDGEWOOD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 8. 9. |
Unrestricted funds General fund Balance brought forward Movement in the year Transfer from restricted funds This fund is for general purposes with n Designated funds Yate Town Council Balance brought forward Income in the year Expenditure in the year Balance carried forward |
2024 £ 2023 £ 180,151 171,129 412 - 9,022 - 180,563 180,151 o restrictions applied to it at all. 2024 £ 2023 £ - - - - - - 0 0 |
2023 £ 171,129 9,022 - |
|---|---|---|---|
| 180,151 | |||
| 0 |
9