Registered number 3422719
Conisbrough Community Association Ltd
(A company limited by guarantee)
Report and Accounts
31 July 2024
Conisbrough Community Association Ltd Report and accounts
Contents
Page Company information 1 Trustees' Report 2 Statements of financial activities 3 Balance sheet 4 Notes to the financial statements 5
Conisbrough Community Association Ltd
Company Information
Charity Name Conisbrough Community Association Ltd Company Number 3422719 Charity Number 1102995 Trustees Carol Ann Fleming Carol Ann Jackson Joanne Parker Howard Tennant John Joseph Jeffcote Barbara Moore Principle Office The Ivanhoe Centre Gardens Lane Conisbrough Doncaster DN12 3JX Registered Office The Ivanhoe Centre Gardens Lane Conisbrough Doncaster DN12 3JX Chair Mrs C Flemming Bookkeeper Mrs Olivia Slater
Conisbrough Community Association Ltd
Registered number: 3422719
Trustees' Report
Trustees report
The trustees present their report and accounts for the year ended 31st July 2024
Acknowledgement of contributions
The Trustees would like to acknowledge with grateful thanks the continuing support of our user groups and the contributions of all our volunteers, those who have made generous donations and all those who provided grants for our association.
This report was approved by the board on 30 August 2024 and signed on its behalf.
Mrs C Fleming
Conisbrough Community Association Ltd
Statement of Financial Activities for the year Ended 31 July 2024
(including Income and Expenditure account)
For the financial year ending 31 July 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs C Fleming Director
Approved by the board on 30 April 2024
Conisbrough Community Association Ltd
Notes to the Accounts for the year ended 31 July 2024
- 1 Charity status
The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation
- 2 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014, the Financial Reporting Standard for Smaller Entities (FRSSE), and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources;
-
it is more likely than not that the trustees will receive the resources;
-
the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably, All costs allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% reducing balance basis
Fixtures & fittings 20% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Conisbrough Community Association Ltd
Notes to the Accounts
for the year ended 31 July 2024
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Conisbrough Community Association Ltd
Notes to the Accounts for the year ended 31 July 2024
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The charity is considered to pass the test set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxations in respect of income and capital gains received within the categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Income from donations and legacies
Donations received total – £3336.71
4 Income from other trading activities
EXISTING_Services 3,644.30
Arts & Crafts 32.00
Athelstane Corporate Weekday Hire 12,350.00
Athelstane Local Weekday Hire 5,495.00
Bank Interest received 80.42
Bingo 4,145.55 Castle Weekday Hire 1,180.00
Catering Income 390.00
Childrens Activities Income 1,897.00 DeWarrene Corporate Weekday Hire 3,600.00 DeWarrene Local Weekday Hire 35.00 Donations received 3,336.71 Kitchen sales 28,001.02 Lockesley Corporate Weekday Hire 1,961.50 Lockesley Corporate Weekend Hire 190.00 Lockesley Local Weekday Hire 8,847.50 QiGong 1,173.60 Quizes 168.50 Bingo Expenses 82.00 Dance Class Expenses 20.00 Dance Expenses 450.00 QiGong Expenses 690.00 Raffle Expenses 203.10 Tea Dance 10.00 Theatre Tickets 50.00
Expenditure on charitable activities
Kitchen Consumables 2,389.29 Miscellaneous Expenses 996.30 Payroll Expenses Taxes 525.02 Wages 38,513.75 Bank Charges 300.21 Computer Software 281.30 General Repairs & Servicing 300.00 Office Stationery 15.00
9 Employees
Average number of persons employed by the company 5