CWMPARC COMMUNITY ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 COMPANY REGISTRATION NO: 5196955 HARITY REGI TRATI N NO: 110 14
CWMPARC COMMUNITY ASSOCIATION INDEX TO THE FINANCIAL STATEMENTS PAGE Legal and Adminislralive Details Trustees, Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Financial Stalements 7-10
CWMPARC COMMUNITY ASSOCIATION LEGAL AND ADMINISTRATIVE DETAILS TRUSTEES AND DIRECTORS Lorrain8 Elizabeth Jones Karon Lewis Robert Thomas Taylor Rhian Millward REGISTERED OFFICE.. Parc Hall Parc Road Cwmparc RCT CF42 6LD REGISTERED NUMBER.. 05196955 CHARITY NUMBER 1106149 BANKERS HSBC Barclays
CWMPARC COMMUNiff ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees presènt their report along with the financial stalemènls of the charitable company for the year ended 31 March 2024. The financial statements havè been prepared in accordance with the a¢¢ounling policies set out in Note 1 to the accounls which can b8 found on page 7. Constltution and Oblècts The charity is constituted by Memorandum and Articles of Association, il was originally incorporated on 4th August 2004 and amended by a special resolution dat8d 29th September 2004. The object of the charitable company during the year continues lo be the provision of local welfare hall facilitiès for the ben8fil of the surrounding community. The trustees have r6feed to the guidance given by the Charity Cornmission on public benefit when rèviewin9 thé charitvs aims, and details of the activities that have taken place during the year can b8 found later in this report. Organlsatlonal Structure The trustees who have served the charity during the year are shown on page 1. The charity is responsible for maintaining the premises and its contents and grounds in a suitable stale of repair for use by those who live in the surrounding area. 11 raises income through various charitable activities, th8 main one being the hiring out of its faciliti65 to the 9eneral public. the charity runs a communlty gym along wilh a Gommunity café. These activities are aimed at encouraging social inleractlon and in the case of the gym. a healthier lifestye. Trustee vacancles are advertised and interested parties are asked to apply in writing. Interviews are held and suitable candidates are then recruited and inducted. Flnanclal Revlew The charity had incoming resourc8s cf £266,18312023'. £296,882}. Grant income tolalled £194,709 {2023'. £203,305). All of the grant income was reslricled funds. Other receipts lolalled £71,47412023'. £93,577). Total expenditure amounted to £294,309 12023.. £293,348) resulting in a deficit of £28, 126 (2023.. surplus £3.534}. As al the balance sheet dale the asset value of the charity was £234,676 comprising of fixed assets £254,4 76 and nel current liabilities of £19,740. Rèview of Actlvlties During the year the charity has seen the expansion of the Community Theatre Aolivities with new staff being employed to develop this part of the Association, with the view of increasing the arts and cultural side of the centre. The Association has continued to organise various activiles including the Community Gym. The Café has also seen the number of activities and events held increase lo include concerts, birthday parties and private bookings. The year has continued to see the Association make a steady recovery with both class numbers and visitors into the cenle increasing. Ulilising the Centre as a Warm Hub which has established the Centre a safe space for the community to attend at a time of need. Funding of core activities still remain an ongoing Challenge and whilst th8 Association has been successful in gaining some external funding, Ihis process conlinues lo be a source of concern. Staff continue lo work with outside partners such as local schools, local community organisalions and have developed new networking links with the same. The provision of weekly food hampers to those in need continue to be a priority, along with one to one help with people in need of support. Working in partnership with Treorchy Comprehensive School, the Family Hub continues to be used as a Place of Development, housing children where mainstream educAlion may not be the best option. As well as this, the Hub continues lo provide after school, holiday and youth provision for children aged 5 - 16 years old. Partnership working has continued lo thrive and this has helped increase opportunities for the Charily going fomard.
CWMPARC COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED Investment Pollcy The charitable company does not have an investment policy as such, but the truslees have tsken the sensible approach and placed the bulk of the charitvs liquid assets in interest bearing bank accounts to generate a modest amount of bank deposit interest. Reserves Policy It is Ihe policy of the trustees to maintain unrestricled funds which are the free reserves of the charity at a level to provide sufficient funds to cover anticipated administration and support costs for a period of twelve months. Any additional reserves are held to provide a capital fund for repairs that will be required for the upkeep of the premises. Statement of Trustees. Responslblllties The trustees (who are also directors for the purposes of company law) are responsible for preparing the Report of the Trustees and the financlal statements in accordance with applicable law and r8gulations. Company law requires the trustees lo prepare financial stalements for each financial year. Under that law the trustees have elected lo prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial stalements unless they are satisfied that they give a true and fair view of the state of affairs of the charilable company and of the incoming resources and application of resources, including the income and expendlture of the charitable company for that period. In preparing these financial statements the trustees are required to: select suitable accounting policies and then apply them consistenlly., observe the methods and principles in the Charities SORP., make judgements and accounling estlmates that are reasonable and prudent., stale whether applicable accounling standards have been followed subject to any material departures disclosed and expleined in the financial slatemenls; prepare the financial s18tements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for k88ping adequat8 accounting records that are sufficient to show and explain the charitable companys transactions and disclose with reasonable accuracy at any time the financial position of the charitable Company and lo 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. The Trustees are carefully managing the charity's finances and are satisfied that it will be able to continue to meet its obligations for the foreseeable future. Signed - Trustee Print Name- Trustee Date
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CWMPARC COMMUNITY ASSOCIATION I report to the ¢harity trusteès on my examination of the accounts ofthe company for the year ended 31 March 2024, which are set out on pages 5 to 10. Res onsiblllties and basls of re ort As the charity's trustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of Ihe Companies Act 20061"Ihe 2006 Act"). Having satisfied myself that the accounts 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 Chaflties Act 2011 (the "2011 Acf,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)(b> of the 2011 Act. Inde endent Examiner'$ Re As the charity's income exceeded £250,000 your examiner must be a member of a body listed in Section 145 of the Acl. I confirm that l am qualified to undertake the examination as l am a member of the nslitute of Chartered Accountants in England and Wales. I have completed my examination. I confirm that no matters have come to my attention in Connection with Ihe examination giving me cause to believe.. (1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act,. or 121 the account$ do not a¢¢ord with those accounting re¢ords'. or {3) 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 141 Ihe accounts have nol been prepared in acrdanCe with the method$ and principles of the Statement of Recommended Practice for accounting and reporting by charities I have no concems and have Come across no other matters in conne¢lion with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. IbJ12124 J Wallage FCA On behalf of CISWO (Trading) Ltd The Old Rectory Rectory Drive Whiston Rolherham S60 4JG Date
CWMPARC COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024 Unrestrlcted Restrlcted Total Tolal Funds Funds 2024 2023 Note In¢omo and Endowments Grants 194,709 194,709 43,477 27,997 203,305 36,594 56,983 Sale of refreshments and social activities Donations and other income 43,477 27,997 Total Income 71,474 194,709 266,183 296,882 ondlture Direct charltable expenditur8 77,671 85,316 162,987 170,583 Management and administration 18,170 113,152 131,322 122,765 Total Expendlture 95,841 198,468 294,309 293,348 Net (Expendlture) I Income for the year (24,367) {3,7591 (28,126) 3,534 Fund balances brought forward 224,760 38,042 262,802 259,268 Fund balances carried forward 200,393 34,283 234,676 262,802
CWMPARC COMMUNITY ASSOCIATION COMPANY REGISTRATION NO: 5196955 BALANCE SHEET AS AT 31 MARCH 2024 Note 2024 2023 Fixed Assets Tangible Assets 254,416 261,254 Current Assets Stock Cash in hand and at bank 200 18,859 300 41,002 19,059 41,302 Less: Current Llabllltles Amounts falling due within one year (38,799) (39,754) Net Current (Liabilities) l Assets (19,740) 1,548 Total Net Assets 234,676 262,802 resented b Funds Restricted funds: Unrestricted funds.. 34,283 200,393 38,042 224.760 234,676 262,802 For Ihe year ended 31 March 2024 the company was entitled to exemption from audrt under section 477 of the Companies Act 2006 relating to small companies. Directors responsibilities.. The members have nol required the company to obtain and audit of its accounts for the year in question In accordance wilh section 476., The directors acknowledge their responsibilities for complying wilh the requirem8nts of the Act with respect to a¢¢ounling records and the preparation of accounts. These financial statements were approved and authorised for issue by the Board and signed on its behalf by.. r.r.cz..i.n..e... i Signed - Trustee Print Name - Trustee Date
CWMPARC COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparation and assessment of going concern The financial statements have been prepar8d under the historical cost convention unless otherwise slated in the relevanl notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities {FRS 102}, the Financial reporting Standard IFRS 102) and the Charities Act 2011. The trustees consider that there are no material uncertainties about the charills ability to continue as a going concern. The trustees have a reasonable expectation that the charity has adequate reserves to continue in operational existence for the foreseeable future. Accordingly the trustees continue to adopt the going concern basis in the preparation of the accounts. Income Recognltlon Income is recognised once the Charity has enlillement to the income, it is probable that the income will be received end Ihe amount of income receivable can be measured reliably. Expendlture Reeognltlon Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, it is probable thal settlement will be required and the amount of Ihe obligation can be m8asured reliably. All expenditure is accounted for on an accruals basis. d. Depreciation Deprecialion is provided on fixed assets other than freehold propety in order to write off the cosl of Ihose assets over their expected economic lives. The rate of depreciation used is:_ Propety & Improvements Stralght Line 20/0 Grant Recognltlon Grants are recognised as per the direction of the funder, any underspends in grant funding are displayed as 'deferred income,.
CWMPARC COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Deferred BIF Deferred CIF Recog- nised Awarded 2. GRANTS a) Restricted Moondance RCT- MHF SPF RCT - SLA RCT - Other (CCA r8serve) Children In N88d Other Grants RCT - Carers RCT- CBC RCT - club adapt Other PYC Events Lottery Pen Y Cymoedd Vision Fund C F in Wales CRT 20,000 20,000 10,417 27,214 2,500 11,776 10,542 3,914 38,255 1,585 18,863 2,000 3,333 42,434 3,000 4,635 10.417 27,214 7.500 4,192 1,000 {5,000) (4,266) (2,241) 11,486) 11,850 11,783 5,400 36,255 2,000 31,356 4,000 (4151 {14,510) (2,000) 2,017 3,333 42,434 5,000 7,000 {2,000) (2,365) TOTAL 38,042 194,709 34,283 198,468 2024 2023 3. DONATIONS & OTHER INCOME Gym Members Family Hub Room HirelRent Bank Interest Hampers Insurance Claim Donations 8,036 9,327 5.856 9,276 15.332 20,711 13 1,389 10,262 1,087 3,691 27,997 56,983
CWMPARC COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Restricted Funds Funds 2024 2023 4. DIRECT CHARITABLE EXPENDITURE Light, Heat and Water Activities and Classes Refreshments Family Hub Insurance Office Costs Telephone and Postage Depreciation Hampers Grants Spenl Sundry Bank Charges 19,203 8,414 16,255 4,851 3.894 12,866 1,596 6,838 19,203 8,414 16,255 4,851 3.894 12,866 1,596 6,838 11,904 7,110 17,603 12,010 3.519 17,260 2,300 6,838 2,407 85,767 3,218 647 85,316 85,316 3,297 457 3.297 457 77,671 85,316 162,987 170,583 5. MANAGEMENT & ADMINISTRATION Staff Costs A¢¢ounlancy 17,102 1,068 113,152 130.254 1,068 121,739 1,026 18,170 113,152 131,322 122,765 Property & Improve- ments FIXED ASSETS Computer Gym Equlpmonl Equlpment Total 6. Cost At 1 April 2023 Additions 341,924 2,400 2.138 346,462 At 31 March 2024 341,924 2,400 2,138 346,462 Depreciation At 1 April 2023 Charge for Year 80,670 6,838 2,400 2,138 85,208 6,838 At 31 March 2024 87,508 2,400 2,138 92,046 Net Book Value At 31 March 2024 254,416 254,416 At 31 March 2023 261,254 261,254
CWMPARC COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2023 2022 7. STOCK Stock 200 300 8. CASH AT BANK AND IN HAND Cash in hand Current A¢count- HSBC Current Account - Barclays Savings Account- HSBC 623 548 17.686 644 154 40,202 18,859 41,002 9. CREDITORS: Amounts fallln due wilhin one ear Deferred income Accruals 34,283 4.516 38,042 1,712 38,799 39,754 10