Reglstered number. 4851039 Ch•rtty n¥mb•r. 1106194 BURTON CARIBBEAN ASSOCIATION UMrtED A C•)mpany limited by guarantee TRiisfEES' REPORT0 FTrIANC STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 vo
BURTON CARIBBEAN ASSOCIATION LihvfED Acompany limited by guarnntee CONTENTS Reference and adsitrth.0n detais of the cFEarity. ts trusteas and advlso TnJst8es' report 24 stalement of finan¢01 activites Babn¢è she&t Notes to the finall1 slatemwts 7-13 Detai profil and k)ss account 14
BVRTON CARIBBEAN A0c[ATION LThltrED A company limit by guarante• REFERENCE AND ADMINISTRATNE DETAILS OF THE COMPM4Y, rrs TRUSTEES AND ADVISORS Y Campbell J Coombs R E Milr Vwright A Khouri Accountants Nuvo Accountancy LinThted 7 Faraday Court First Avenue Burton Upon Trent Slaffordshlre DE14 2WX Bankers Llgyds Bank PIC 16 High Street Burton Upon Trent Staffordshire DE14 1JA Registered office 346 Uxbrldgè Street Burton Upon Trent staffordshirè DE14 3JS Company reglstered nubmber 4851039 Charity rngist•r•d numb•r 1106194
BUIUON CARIBBEAN ASSOCIATKIN UMrrED A ¢ompany Ilmited by guarantee TRUSTEES. REPORT The trustees present their report together the financial statements of the charity for the year ended 301h April 2024, DIRECTORS AND TRUSTEES The dire¢tors of the charitable company (the charity) ar8 tts trustees for the purFThe of charity law and throughout this report are lleCtive{Y referred to as the trustees. The trustees serving during year and since the year end were as follows: Y Campbell J Coombs R E Miller V Wright A Khouri STRUCTURE, GOVERNANCE AND MANAGEMENT Governing DoGument Burton Carribbean Association is a company limited by guarantee govemed by ts Memorandum and Articles of Assocaation dated 28th October 2004. Appolnlmerrt of Trnstees As sel out in the Artides of Association al tTUStees must retire at each AGM. retiring trustees are eligible for reelection. Organlsatlon The board of trustees. vthch must consist of as leastfour and not more than twelve persons, administers the c*arity. The board meets at least three times a year. A Chaiman is appointed by the trustees to manage the day to day ¢¥Jerations of the charity. Rlsk Management The trustees have a risk management strategy vA)ich comprises: DE The annual review of the risks the tharity may face; 2) The establishment of systems and procedures to rnitigate those risks idenllfied in the Van; and 3) The irnplementstion of procedurps designed to minimise any potential irnpa¢t on the ¢harity should those risks materialise.
BURTON CARIBBEAN ASSOCIATION UMrrED A company limbtad by guarantee TRUSTEES, REPORT OBJECTIVES AND ACTIVITIES The objectives of the charity are.. 1) To advance education and training for the PlIC benefit by providing or assisting Ihe provisK)n of faalFties as wll enable inhabiiants of Burton upon Trent and surrounding areas {e area of benefiv) to acquire or devebp vocational skilLs and to provida facilities in the Inte$t of Soal lfare for recreation and lei$ure4me occupalion with the obj'ect of improving the conditions of lrfe for inhabitants in the area of benefi(" 2) To relieve povety through pmiding advice and gumlance on 8mr4oyment oprx)rtunities for inhabitants in the area of benefit who are in need.. 3) To establish or secure the estsblishment of a communty centre and to rnaintain and manage it (whether alone or in Covoperation bmth any local authority or other person or body) in furtheranc¢ of th•s• objeci& TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS Company Law requires the trustees to prepare financial statements Ihat give a true and fair view of tha state of affairs of the charity at the end of the finanryal year and of its surplus or deficit for the financial year. In doing so the trustees are required to: 1) Select suitable accounting policies and apply them consislenily: 2) Make sound judgements and estimates that are reasonable and prudent., 3) Prepare the financial statements on a going concem basis unless it15 apprwriate lo presume that the charity will not contynue in busine5S. The trustees are responsible for maintaining proper accounting records vthlth disclose wilh reasonable acujracy al any time the finanal position of the charity and enables thern lo ensure that the financial statements compty vAth Ihe special provisions of Part 15 of the Companies Act 2006 rekting to small ompanies. The trustees are also responsible safeguarding the assels of the Chartty and hence for taknng reasonable steps for the prevention and dele¢tit)n of fraud and other irregularities. Thi5 report Ks approved by the Trustees on 23rd Janu•y 2025 and signed on th8ir behalf by. .cJL_ Vwright Director
Chartered Accountants. Indep8ndent assurance report on the unaudlted accounts of Burton Caribbean Association Llmlted To the Board of Dlrectors of Burton Carlbbean Association Limited (Ihe CompanV) We report on the accounts of the company for the year ended 30th Aprll 2024. which are set out on pages 2 to 14. Respective responslbililios of the trustees and examiner Tho charity's trustees (who are also directors of Ihe company for the purpo$8s of (xmipany law) are responsible for the preparation of the arXUnts. The chariws trustees consider that an audil is not required for this year under seclion 144 of Ihe Charities Act 2011 (the Charitie5 Act) and that an independent éxamination is needed. It is our responsibilty to: 1 > examine the accounts under section 145 of the Charibes Act; 2) to follow the procedures laid down in the General Directions given by the Charity Comrnlssion (under section 145{5)(b) of lh¢ Charities Act). and 3) to state whether particular matters have ccffne to (Mjr attention. Basls of Indepondent examinerfs statement Our examination was carried out in accordance vAth the Génèral Dir8Ctions given by the Charity Commission. An examination inCdeS a review of the accounting records k8Pt by the charty and a comparison of the accounts presented wth Uv)se records. M also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation5 from the tnjstees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequenlty no opinion is given as to whether the accounts present a 'true and fair Vie and the report is limited to those matters set out in the statement below. Independent examIneS statement In oonnedion wlh our examination. matter ha5 me to our attention.. 1) which gives us reasonable cause to believe Ihal in, any material respe¢t, the requirements: - to keep accouTrtyng records in accordance with SectTron 130 of the Charitres Act" - to prepare a¢untS which accord with the accounting requirements of the Charities Act have not been met. or 2) to which, in our opinion, attention shouhj be drawn in order to enaNe a proper understsnding of the accounts to be Teached. Nuvo Accountancy Limited Chartered C8rtrfied Accountants 7 Faraday Court First Av8nue Burton Upon Trent staffordshire DE14 2WX 23 January 2025
BURTON CARIBBEAN A830CIATiON LIMITED A company limited by gua• STATEMENT OF FINANCIAL ACTivmES (induding Incom• and •xpènditurn a¢¢ount) forthe year ended 30 April 2024 Unr•strlctad R•strlct•d funds fund¥ 3024 2024 Total funds 2024 Tot41 funds 2023 INCOMING RESOURCES Incorning resources from generated fund5.' Vduntary ino)m8 InGvmirwJ resources from tharItab activilies 14 33.555 52.225 16.041 49.596 52,225 47.261 36,120 TOTAL INCOMING RESOURCES 85.780 16.041 101.821 83.381 RESOURCES EXPENDED Chantsble activrU8s Govemance costs Loss on disposal of fixed assets TOTAL RESOURCES EXPENDED 39,652 123,511 1.900 86.264 1.980 85.839 39,6S2 125,491 68.244 MOVEMENT IN TOTAL FUNDS FOR THE YEAR SURPLUSIIDEFICM FOR THE YEAR 159} (23.611) la670) {4,863) Total lunds al 1 May 2023 651 171.579 171230 177,093 Fund transleT TOTAL FUP4DS AT 30 Aprll 2023 592 147.968 148.560 172.230 The notes on pagès 7 to 13 fomi pwt of these fvwnual slatemerts.
BURTON CARIBBEAN ASSOCIATVJN UmED A ¢ompany limitèd by guarantae BALANCE SHEEr as at 30 Aprll 2024 Notes 2024 2023 FIXED ASSErs Tangibl• awts io 184.238 220.188 CURRENT ASSETS Dèbtors Cuh at bank and in hand 11 3.120 27.345 25.996 26.636 CREDrroRS: amounts fatllng due WTthin one year 12 45.78 46,018 CURRENT LIABILMES 19.151 TOTAL ASSEfs LESS CURRENT LIABILMES 165.067 204,635 CREDtroRS'. arnourts falling du• after mor• than ono y•ar 13 116A271 (32,405) ASSErs 148.S60 172,230 CHARrrf FUNDS Unr•strlct•d funds Rtrstrict•d funds 16 18 592 147968 651 171.579 TOTAL FUNDS 148.$60 172.fJO The finandal Statements Y•Fre approved tyTnthes on 23rd January 2025 ar signed on their beh8W, by.. V Wiight Direclor
BURTON CARIBBEAN ASSOCIATION A ¢ompany limited by guaTrntee NOTES TO THE FINANCIAL STATEMEITrts for the year ended 30 WII 2024 1 ACCOUNTING POLICIES Basis olpreparation The financial staternents have boan prepar8d urthr the historica cost nventiOn ark1 in attorfance th the FR102 Section 1A srnall entities and the Charilies Aci 2011. There has been no chnage In accounting ptslkies during perrod under revlew. R0ClIation with previous generaltyaccept•dpractlc• In prèparing thÈsè #CAnIS, the Trustees have considered whether in aFvtying the accounlin9 policies required by FRS 102 and the Chaiibes SORP FRS 102 the restslement of &)mpararfve ttems was required. No rest8temertts re requireil. Company status The company is a company trnrte(I by guarants8. Tha members of the oynpany thB Trusle85 namèd on pag$ 1. Fund accounting G8naral fijnds ar8 unr8slricted funds ch are aValab for use at Ihe discretion of the Truslees in furtherance of the general objectives of Ihe company and thl¢h havg nol been designed for olh&r purposos. Restricted funds are funds whi( are to be used in accordance with speeth¢ stri.0ns imposed by donors or vthich have been raised by the rnpany for particular purposes. The c4)st8 of raising and administering such fvnds are charged agalr1 the speLyfiGfund. The aim arHI use of each restricted fund Is set OLrt In Ihg notes to the ffinandal statèments. Incoming IEsourGeg All incoming resources are included in the Statement of ffinanoal a¢tiviltes Ihe company has tstkment lo the funds. i£rtainty of rlit and the #mwnt can be measured with suffiaent reliabilty. Gilts in kFnd donated for th8thbulion we Ineluded at valuatkn and recognlsed as in¢xJme vthen they ére thslributed to the projects. Donaied services or faalitses, thich cornprlse donatsd sgNr8s. are inclt*Jed ki trMe al a valuation whth is an estimate of thè finaneial cost bom¢ by the Ilorr vthere such a cost is quanthfth and measurable. No inrAme ig re¢LyJnised ere1here is no finanfial ¢osl borne ty a third party. Inrne tsx re¢overable in relation to donakns Te1Ved undgr Grfl or deeds of wvenanl Is recwnis8d at the I'me of th8 donatlon. Income lax recovernblg In r8lakn to 1rt¥8slment intom¢ 15 regnIsed at Ihe lime Ihe investment incovne is receivable. Grants Gronts are reccgnised in fvll vthen the charity has an unconditional entitlement io the inccrfne. Grants ar8 dèfarred to Ihe extent of the prcgress of a stipulated Pthman target or rf the condit$ of grant are outside 1he charity5 control.
BURTON CARIBBEAN ASSOCIATION LihYfED A company Ilrnited by 9u?Trnt•8 NOTES TO THE FINCIAL STATEMENTS for the year ended 30 Aprll 2024 1 ACCOUNnNG POLICIES {¢oThtlnued) Expenditure is recogni5ed onrA thèr8 is a legal or conslrucve obligation to transfer e(x)nomi benefit to a third paty, it is probabkn that a transfer ol eConoC benefits 11 be required in settlement and thé am(yJnt ofthe obligation can be rnoasud reliabty. Expendilure ss classified by activity. The ¢osts of each aclivty ore made up of the total of direct costs and shared ts)sts, induding 5UPKX)rt costs involved In undèrtaktng each 8¢llvty. Direct costs attributable lo a single actlvlty a allocated directly to that activty. Shared costs which conlrfbufe to morè than one a¢Uvty and support costs vthich are not attribytsbk lo a single acbvity 8re apportioned been those activitses on a basis cx)nsistent wth the use of re&xJrces. Where CA)sts cannot be directy attributed io particular ac11vlbes Ihey have been allo¢ated on 8 basis conststert wrylh use ofthe resource5. Govemants ¢osts are thos¢ incurred in ojnnection ilh admnstratlon of the ttjmpany and compliance oinslthjtional ar¥J statOry requk8ments. I resources expended ar indusive of Irreco¥erable VAT. Golng concern The Trustees have consideTed th8 requir¥ments rf 1he o)mpww for a period of 12 from the date of the approval of Ihe3e financial slatemen Cash flow The flnanGlal statements do nol Niclude a Cash flow sLement because the drIlable company. as a small pOrting entity, is exempt from the requirement to preparè suth a slalement under the Financial Re[%)rn9 standa for Smaller Entilies1offeth¥e 2008k DeprKlation Tangible ffixed assets arè statsd at cost les5 depretialion. Depredation is provided at rates calculated to ¥118 off the cost of fixed assets. less Iheir estimated residual value, over their eypected usefvl lives on the follo7ng bas PropeTty irnprovernents Ftxlures Bnd ffttings and equipment FixEures and fftbngs Office equipment 14 years slraght line 20Y3% reducing balance 25Yo Straight Liné 25% Stszight Line Taxation Th8 (arity Is exempt from corporntion tsx on its chwilabte activitie& Pgnslon$ The company operatès a defin8d contribution pension stheme. Contributions arg Charged to the profit and loss account as they becorne payable in aOrdanCe ith the rule5 of the scheme.
BURTON CARIBBEAN ASSOGLATION UMfTED A Company Ilmlt•d by guaranlee NOTES TO THE FINANCIAL STATEMENTS torthe yeaT ended 30 Til 2024 2 VOLUNTARY INCOME UnrEstrlcted Restrithd funds funds 2W24 2024 Total tunds 2023 funds 2024 Donatitsns Revenue grants Caprtal grdnts 12285 21270 12285 21270 16,041 20,607 10.451 16,203 14041 Voluntary incorne 33,555 16,041 49,596 47,261 3 INCQMIMG RESOURCES FROM CHARrrABLE ACTivmES Unrnstrkted fvnds 2Q24 Total n(ts 2024 Total nds 2023 fvnds Comrnunty activitie8 S2.225 52225 36.120 4 GOVERNANCE COSTS Unrestrictsd Restricted funds nds 2024 2024 Total funds 21124 Total funds 2023 Independenl ey2matiOn fees Accountancyfees 82S 825 1.155 825 1.1S5 1.9BiI 1.980 3.980 5 ANALYSIS OF RESOURCES EXPENDED CmnIty Total funds 2024 Total fvnds 2023 2024 Insurance Ligh( heat and water Wages and la1 sec(ty Tmvelling Social events & fundralslng TephOne PrinL postage and stationery and ctsnputers Repairs, renewaLs & deaning Sundry eypenses Professional fèés Tumabout YP & holiday erne B$nk charoes Depreciali)n: Fthiros & ffltirvj DéprecSation: Computer equipment Deprerialion: Property improvements 1367 24378 10,130 2,724 17,480 1,625 1,145 23396 2M42 2.367 2S,378 10.136 2,724 17,480 1,62S 1,14S 23.296 2.842 2.098 12m5 10.833 1.878 5.832 2.413 10.333 2,155 301 209 275 92 582 256 363 275 92 34582 35.582 123.511 85,712
BURTON CAR188EAN ASSOCIATION LIIIITED A company limitéd by guarnnl¢e NOTES TO THE FINANCIAL STATEMENTS forthg y¢ar end 30 Aprfl 2024 6 SUPPORT COSTS Staff costs D•prnclatlon CMh¢r costs 2024 2024 Total 2024 Total 2023 Communty activities Governan 10.136 35.949 77A26 1,98D 123.511 1.980 86,264 1,980 10,136 949 79A06 125A91 88.244 Y A14ALYSIS OF ResouRCES EXPENDEO BY ACTMTES Support costs 2024 Totsl 2024 Total 2023 2024 Communrty acliwties 113.375 10.136 123,511 86,264 8 NET INCOMIMG I (OUTGQINGI RESOURCES 2024 2023 This 1$ staled after tharLing: D8pr8datton of oymed fixed assets 36.070 g STAFF COSTS 2024 2023 Wages and salaT(eS 10.136 10,833 The average nun&w of employees during the year Yra8 as follovo: 2024 No. 2023 No. Costs of genèrating fuMlslgovwnan No employee re¢eW remunerabon amounting lo more than W.000 in either year. 10
BURTON CARIBBEAN ASSOCIATION LIMITED A comparty limited by guarant NOTES TO THE FINANCIAL STATEMENTS for the year end 30 Aprll 2024 10 TANGtBLE FIXED ASSErs L•as•hold Flxturns, Lth3s•hold Impro¥m•n fltslngs and property equlpment Total Cost At 1 May 2023 Addilons Surplus on revalualon Disp05als 498.137 606.580 Ai 30 April 2024 40,666 498.137 67.777 606,580 D¢prECiatlon At 1 May 2023 Charge for the year Surplus on revaluation On dlswsals 320.fd6 35,582 66.157 367 386,393 35.949 At 30 April 2024 355,818 66.524 422,342 Net book value At 30 April 2024 142.319 1,253 184,238 At 30 April 2023 40.fjfj6 177.901 1,620 220.187 11 DEBTORS 2024 2023 Trade debtors other d8blors 2,627 493 3.120 12 CREDrroRS: Am¢)unts falling due t*•lthln on• y6ar 2024 2023 other credttors ond dèfèrred Income 45.787 46.018
8URTON CARIBBEAN A&WCIATION uIAfTED A company limltèd by guarante• NOTES TO THE FINANCIAL STATEMENTS forth¢ year ended 30 April 2024 13 CREDifoRS: amounts f*ling dutt aft•r on• y•ar 2024 2023 Def&rre(1 Ineome 16.527 32,405 14 CAPAL GRANTS: aMots tsifiny du¢ wrlhin on• ar 2024 European re9ional devdoprnent fund Burton community partnership project Big k)tteryfund.. Capital re(levelopmentfvnd 2,708 7A2S 5,908 2,051 5,625 4,476 16.041 12.152 15 CAprrAL GRANTS: falllng after¢n¢ y¢•r 2024 2023 Eurcjpean reglonal d8¥dopmentfund Burton communty pather5hip projecl Btg bttery fund.. C•'tal redèvelopment fund 2,799 7.650 6,087 16.527 6.154 16.875 13,427 16 ANALYSIS OF FUNDS Brought forward ¢oming Reur¢0 Resource Expended Closlng Balanc8 Transfers General funds Restricted fund5 6S1 171.579 85.780 185.839) 592 At 30 April 2023 172,230 101.821 (12S,491) 148,560 17 ANALYSIS OF NET ASSETS BEEN FUNDS Unrèstrf¢tsd Restrictsd funds funds Total funds 21J24 Total fijnds 2023 Tangibk fixed assets Curr8nt assèts Credtlors due within one year Creditor5 due over one year 184.238 184.238 26.836 145,7871 116.5271 220.188 30.465 146,0181 132.4051 26,636 (29A83) (16.204) {16,527) {2.94 151.507 14(560 172.230 12
BURTON CARI8BEAN A%SOCIATION LIAtTED A company Ilmtt•d by guarant•• NOTES TO THE FINANCIAL STATEMENTS ft>r the year ended 30 April 2024 18 RESTRICTED FUNDS ANALYSIS BfQV9ht forward In¢oming Resource R•$our¢g Expended Closing olance European RegNJnal Development Fund Drug Action Tearn Communiiy DeveloKthènt Capital Fund Community Partnèrship RédÈv Projè Big Lottery Capital Redevelopment FLmd Big Lottery Sensory Garden Fund Burton Caribbean Associati)n 60.399 7.069 1.359 50.242 41.073 2.921 8.516 2.708 13.958 49.149 5,435 1,045 46,056 37,489 2,246 6,548 314 11.611 9.492 675 1.968 7.425 5.908 Total 171.$79 16.041 39.652 147.968 19 ANALYSIS OF CASH EQUIVALENts 2024 2023 Cash at bank and in hand 25,996 27,345 Total 25.996 20 CONTROLLING PARTY Thg wmparty is ¢orrtro]led by the Bo4r(l ofTruslees. 21 RELATED PARTY TRANSACTIONS A famity member of a trustee provided &*ering Servi tothe value of£15.465. these transathons aré conslderèd trj be at arms lèngth. 13
BURTON CARIBBEAN ASSOCIATION LIMftED A ¢ornpany limited by guarantee DETAILED PROFIT AND LOSS ACCOUNT for the year ended 30 April 2024 Unr•strlctsd R•strf¢t¢d funds fvnds 2024 2024 Total 21124 funds 2023 funds 2023 2023 VOLUNTARY INCOME tlonatKsns Grants (incl CJRSJ Captial Grants 12285 21.27LI 12.285 21,270 16.041 20.607 10,451 20.607 10.451 18,203 16.041 16,203 16.041 31,058 16.203 47.261 INCOMING RESOURCES FROM CHAIUTABLE AtrfMTIES Community activities 52,225 52.225 36.120 36.120 52225 52.225 36,120 36.120 Communty Communlty Adlvltl•s Total Total GOVERNANCE COSTS Independent examinatiM fee$ Acwuntsncy fees 825 1.155 825 1.155 825 1.155 1.155 Insuran Light. heal and water Wages and social security Travelling Social events & fundraising TephOne Prfnl. poslage and stslionery and ¢xNnpi Repairs. renew3L8 & cleaning Compirter eynses Sundry expenses Professlonal fees Bank charges Depreciation.. Fixtures & fittings Depre¢iation: Comptster equipnI Depreciation". Property improvements 2.367 25,378 10.136 2.n4 17. 2,098 12.835 10,833 1,878 5,832 2.413 708 10.333 552 2.155 301 256 363 125 35.582 2.098 12.835 10.833 1.878 5,832 2.413 708 10.333 552 2.155 301 256 25,378 10.136 2.n4 17,480 1.625 23296 600 23,296 2.842 360 209 275 92 35.582 21J9 275 92 35582 125 35,582 124491 125.491 88244 NET SURPLUSIIDEFtc 23.670 {4.863) 14