**Company No: 05676887 Charity No:    1115084** 

## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

**(A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED** 

**31 MARCH 2023** 



**THE GREGSON COMMUNITY ASSOCIATION LTD** 

## CONTENTS 

||Pages|
|---|---|
|Reference and administrative information|1|
|Report of the Trustees|2 - 7|
|Independent examiner's report to the Trustees|8|
|Statement of financial activities|9|
|Balance sheet|10 -11|
|Notes to the financial statements|12 -22|





**THE GREGSON COMMUNITY ASSOCIATION LTD** 

REFERENCE AND ADMINISTRATIVE INFORMATION 

(Registered Company Number: 05676887 (England and Wales)) (Registered Charity Number: 1115084) 

Trustees/Directors 

Katherine Bevington - Secretary 

Matthew Deighton                                (appointed 02/10/2022) Michael Dutton                                     (appointed 02/10/2022) Helen Jackson – Treasurer                  (appointed 02/10/2022) Loz Kaye                                              (appointed 02/10/2022) Jamie Murphy Anya Nanning Ramamurthy                  (appointed 02/10/2022) Claire Duff                                             (resigned 02/10/2022) Jack Lennox                                          (resigned 02/10/2022) Lewis Parkinson                                    (resigned 02/10/2022) William Pye                                           (resigned 02/10/2022) Jez Reay                                               (resigned 02/10/2022) Emma Rucastle                                     (appointed 02/10/2022) Michael Sumsion - Chair 

Secretary Ms. K M Bevington 

Registered Office The Gregson Community Association Limited 33 Moorgate Lancaster Lancashire LA1 3PY 

Independent Examiner 

R Hall MHA Moore and Smalley Chartered Accountants St Mary’s Gate Priory Close Lancaster LA1 1XB 

Page 1 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

REPORT OF THE TRUSTEES 

## FOR THE YEAR ENDED 31 MARCH 2023 

The Trustees present their report and the financial statements of the Trust for the year ended 31 March 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the Trust. 

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Trust’s governing document, the Charities Act 2011 and 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 applicable in the UK and Republic of Ireland published in October 2019. 

## **Introduction** 

The Gregson Community   Association (GCA) has been a remarkably successful grassroots arts and community centre for nearly forty years. Born out of community need and endeavour, it has helped and inspired many thousands of people over those years. 

The GCA was formed in 1983.  Our charity operates with the following mission statement: 

"To promote and encourage discussion and participation in arts and community events, issues, activities, and groups in order to improve the quality of life for the whole community.  To excite, engage, stimulate and fulfil." 

## **Structure Governance and Management** 

## **Governing Document** 

The Memorandum and Articles of Association incorporated on the 16th of January 2006 is the key governing document of the GCA. The GCA is a registered charity and company limited by guarantee. 

Having adopted the Charity Code of Governance for smaller charities in 2021-22, this year we made good progress against our action plan to support the application of the Code of Governance. This included: 

- Recruiting a diverse group of new Trustees following an open, public recruitment process. 

- Successfully managing the transition process following the retirement of the long-standing Chair and Treasurer. 

- Carrying out an away day, allowing trustees and the CEO to explore longer-term strategic priorities for the charity. 

- Developing our approach to strategic planning including a comprehensive organisational risk register and action plan. 

The success of the café bar raised issues in relation to the GCA’s trading activity, with trading income significantly exceeding the 25% ceiling recommended by the Charity Commission.  In response, the charity formed a working group to look into this issue and took legal and financial advice. We discovered many examples of building-based charities which had created a trading subsidiary to manage the trading element of their operation, with all profits generated by the trading company being reinvested back into the charity. At the 2022 AGM members agreed an in principle recommendation from Trustees to set up a trading subsidiary. 

Significant work then followed, including the appointment of a new firm of accountants, MHA Moore and Smalley Chartered Accountants, who have experience of supporting charities with trading subsidiaries.  The new subsidiary, Gregson Trading Ltd, is scheduled to be registered in July 2023. 

Page 2 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

REPORT OF THE TRUSTEES _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **Objectives and Activities for Public Benefit** 

The Gregson Community Association (GCA) has been a remarkably successful grassroots arts and community centre for nearly forty years.  Born out of community need and endeavour, it has helped and inspired many thousands of people over those years. 

The Gregson Centre, whilst owned by the charity, ran successfully for many decades with management companies running the operations. In 2020 the Covid pandemic precipitated the insolvency of the then management company. At risk of closure, the Board made the bold decision to ‘bring back’ the Gregson into its own hands and manage its affairs directly. 

Building upon this decision, 2022-23 was a step change year for the charity. The Board appointed a staff team including the charity’s first CEO and embarked on a Trustee recruitment drive, successfully recruiting 6 Trustees. With the Gregson up and running, long standing trustees stood down and a new Chair and Treasurer were appointed. In 2022-23 the Gregson `came back to life’, bursting with cultural and community activity. Significant change took place in a short period of time and the charity managed change and mitigated risks with impressive results. From employing no staff in 2020, by March 2023 the charity had 15 staff members and almost 100 volunteers.  This was reflected in an increase in turnover, from £124,000 (2021-22) to £340,000 (2023-23.). 

## **Public Benefit** 

The GCA continued to contribute to the public benefit in carrying out its activities, in order to achieve its charitable objectives through: 

- Running the Gregson Community & Arts Centre - the Indices of Deprivation score shows the centre is in the 10% most deprived areas nationally. The running of the centre and ensuring it remained a vital hub for our community was the core activity of the charity. 

- Supporting three sub-groups of our charity who work to make community life better. The Friends of Miss Whalley’s Field maintain the ‘Gregson’s Garden’, a once disused site which has been transformed into a wonderful urban green space. The Gregson Festival Group deliver community events including an annual firework display and bonfire. And Highfield Recreation Ground, where local people restored a mainly derelict sports facility to provide an essential outdoor community space. 

## **Mission, Aims and Values** 

This year we reviewed our ambitions, adopting the following Mission and Aims: 

Mission: Our mission is for people to be in the driving seat of their community events and cultural experiences. 

Aims: We aim to: 

- Encourage community involvement and engagement in everything we do. 

- Support emerging artists and enable community groups to try out and sustain ideas. 

- Be a safe space for all in Lancaster that pursues diversity, equality and inclusivity in everything we do. 

- Protect and improve the Gregson Centre (and other sites, Highfield Recreation Ground and Miss Whalley’s Field) with a commitment to reducing our carbon footprint. 

Our values remained unchanged in the year: 

Page 3 



**THE GREGSON COMMUNITY ASSOCIATION LTD** 

REPORT OF THE TRUSTEES _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **Mission, Aims and Values (continued)** 

Our Values: 

- We challenge oppression and prejudice and promote diversity. 

- We are friendly and make everyone feel welcome and supported. 

- We are creative and find new ways of making voluntary and community action effective. 

- We are dynamic and work with purpose to get things done and to achieve lasting impact. 

- We are community focussed and locally relevant. 

- We are environmentally conscious. 

- We are inclusive and accessible. 

- We support local emerging artistic talent and the development of the Lancaster regions creative ecology. 

## **Achievement and performance** 

## **Projects and Programmes: Arts, Health, and Wellbeing** 

We continued to play a range of different roles: venue, partner, facilitator, supporter, connector, and inspirer, supporting partners and communities to achieve their ambitions with us. Our team also developed projects led by the GCA, often in collaboration with other organisations. 

Maximising community use of our three hireable spaces - the Hall, the Olive Bar and the Cinema – was core to our purpose. This helped people to fulfil their creative and personal potential and at the same time made a major contribution to our running costs. The more our spaces are used, the more we deliver our core purpose and become financially stronger. Increased use by hirers generated an increase in annual income from £17,380 to £54,949 in the financial year. 

By the end of the year, we had over 40 regular groups operating from the centre. We worked to diversify the range of people using the centre through targeting under-represented communities.  We partnered with Lancaster City Council to welcome the Ukrainian Community into the centre, worked with local families to run a weekly parent and child support group and welcomed two new weekly youth groups to the centre. 

Supporting local artists and creative organisations remained a priority. This year we introduced the Creative Support Programme to nurture regular classes/workshops at the centre.  This provided focussed help for creatives make new ideas happen by minimising their financial risks with discounted room hire. 

This year we launched a new website, completed a rebrand and employed a part time Community Marketing Officer, ensuring all activity was effectively promoted. We know how challenging project-promotion can be for smaller groups. With a small staff team in place, we were able to collaborate with groups through light touch, informal partnerships, offer marketing support and provide ‘added value’ by connecting groups and signposting useful information about funding and training opportunities. 

Page 4 



**THE GREGSON COMMUNITY ASSOCIATION LTD** 

REPORT OF THE TRUSTEES _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **Achievement and performance (continued)** 

## **Targeted community and arts programming** 

With a staff team in place, we were able to deliver GCA-led programmes and meaningfully develop relationships with key cultural events and organisations in the city. Examples include: 

- Developing and supporting creative projects such as ‘Crafty Kids’, a daytime craft group including children with ASD and ADHD. 

- In partnership with Queens Square Medical Practice, we established the Singing for Lung Health Choir to meet weekly at the centre addressing the poor lung health in Bulk Ward where the centre is based. 

- We continued to be a partner of the Bay Health Festival and promote the benefit that the arts and community participation can have on wellbeing. 

- We built on our programming for Lancaster Music Festival this year with a focus on international performances as well as emerging artists using our stages. We developed our relationship with Lancaster Music Festival, making a commitment to completing an Access Audit of the centre so we can welcome more disabled artists and audiences in the future. 

- Light Up Lancaster used the centre this year for their community choir's rehearsals of the festival's spectacle performance at Lancaster Castle. 

## **Volunteering** 

Volunteers were integral to the Gregson’s success this year.  They helped support the cost-effective running of the centre and also, importantly, benefitted as community members themselves, accessing rewarding experiences and opportunities. We successfully strove to make the relationship between organisation and volunteers balanced and mutually beneficial. 

With a £10,000 grant from the Community Fund we were able to appoint a (part-time) Volunteer Co-ordinator, allowing us to formalise our work with volunteers and ensure we followed and developed best practice.  As a result, we attracted an increased number and diversity of volunteers during the year. By the end of the year volunteers were having major impact across the organisation, in a range of ways: 

- As Trustees and strategic advisers 

- In ‘specialist’ roles such as Head Gardener, Membership Support and Administration 

- • In core delivery support, for example daytime café/hub support, bar support • Supporting creative projects. 

In March 2023 our volunteer team comprised almost 100 people, including a wide demographic in terms of age, ability/disability and ethnicity. 

## **Café Bar** 

The Gregson is home to Lancaster’s only community run café. It is at the heart of The Gregson for many people and is critical to delivering against our ambition to be warm, welcoming, and inclusive, a meeting point of people, ages, ideas and cultures. It also plays an important income generation role. 

The bar and café functioned in three keys ways: 

- as a great place to socialise 

- as an introduction/gateway to the range of community activities which happen at the Gregson 

- as `added value’ for participants – a place to socialise before and after taking part. 

During the year we were successful in ensuring prices were kept competitive/affordable.  In only the second financial year in which the bar has been open since COVID-enforced closure, takings rose from £60,716 to £227,637. 

The bar became home to many community and cultural events. This year we welcomed a wide range of new activities including Board Games Club, Knitting & Crochet Night and Felting Classes. 

Page 5 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

REPORT OF THE TRUSTEES _(continued)_ 

## FOR THE YEAR ENDED 31 MARCH 2023 

## **HR** 

The GCA is committed to becoming an excellent and effective employer of both paid staff and volunteers. In 202223 we were able to deliver against this commitment in a range of ways:  bringing in a generous employer’s pension contribution, developing new policies and procedures and making the commitment to pay all staff the Living Wage (at minimum) from 1st April 2023. 

In this year we employed 10 part time staff in our Cafe Bar and as cleaners, also we successfully recruited to the following key roles: Chief Executive Officer, Bar Manager, Finance Administrator (0.5 FTE), Volunteer Coordinator (0.3 FTE), Community Marketing Officer (0.6 FTE). We also worked with Lancaster and Morecambe College and Lancaster University to offer work experience and two paid internships funded by Lancaster University. 

## **Our Members** 

Annual membership continues to be affordable at £15 (waged)/£10 (unwaged). Growing our membership is critical in order to generate interest, community involvement and unrestricted financial support for the charity. We had hoped to refresh our membership offer in 2022-23 but this was not achieved. Community consultation has now started, and this will be a priority for 2023. 

## **Financial review** 

This has been a year of investment in the charity and rapid growth. The impact of our investments are evident in this year's turnover of £340,446, increasing from £123,973 in 2021-2022. 

At the same time as investing heavily in the staff team, our focus was on developing sustainable income streams for the charity from earned income to ensure the long-term sustainability of the organisation. Income from the Cafe Bar rose from £60,716 in 2021-2022 to £227,637. Room Hire income also increased from £17,380 in 2021-2022 to £54,949 in 2022-2023. 

We have faced challenges as the custodians of a large Victorian building with rising overhead costs such as electricity. Our staff have reviewed outgoings and sought competitive contracts. 

Grants received supported the investment the charity made on staffing as well as allowing us to produce cultural and community activity. For example, participation in the Bay Health Festival and the creation of our Breath of Fresh Air Choir in partnership with Queens Square Medical Practice for those in our community with poor lung health, made possible by a grant of £8,000 from the NHS Population Investment Fund. 

During this period of growth for the charity, the Board managed financial risk well. Financial management has and will remain a priority for the Board who will continue to examine Management Accounts at Board meetings every six weeks. 

Significant work was done this year by a Board subgroup to develop proposals to create Gregson Trading Limited (see also Structure, Governance and Management below). The Trading Arm will in future operate the Cafe Bar trading activities and, potentially other trading activities in keeping with our overall ethos but which would not be directly related to our charitable objectives.  The trading arm will be a limited company wholly owned by the GCA and donate all profits made to the charity. This will benefit the GCA long term as the charity will not have to pay tax on profits made by trading. 

We ended the year generating a surplus of £11,674 (2022: £2,526) with free unrestricted reserves in deficit of £7,325 (2022: surplus of £14,468). This deficit free reserves can be adjusted for long term creditors of £37,984 (2022: £43,288) resulting in adjusted free unrestricted reserves of £30,659 (2022: £57,728). In the next financial year, we will review our reserves policy to reflect the changes that have taken place in the organisation during the financial year. 

Page 6 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

REPORT OF THE TRUSTEES _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **Trustees’ Responsibilities** 

The Trustees (who are also directors of The Gregson Community Association Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report (including the Strategic Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, 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 consistently. 

- observe the methods and principles in the Charities SORP 2019 (FRS 102). 

- make judgements and estimates that are reasonable and prudent. 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Trust will continue in operation. 

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

By order of the Trustees 


M Sumsion **Chairperson** 

Date: 19/08/2023 

Page 7 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE GREGSON COMMUNITY ASSOCIATION LIMITED 

I report to the Trust Trustees on my examination of the accounts of the company for the year ended 31 March 2023 which are set out on pages 9 to 22. 

## **Responsibilities and basis of report** 

As the charity Trustees of the company (and also its directors for the purposes of company 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 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 company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act: or 2. the accounts do not accord with those records; 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 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 


**Richard Hall ACCA MHA Moore and Smalley Chartered Accountants St Mary’s Gate Priory Close Lancaster LA1 1XB** 

24/08/2023 **Date:** 

Page 8 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) 

FOR THE YEAR ENDED 31 MARCH 2023 

|**Income and endowments from:**<br>Donations, grants and legacies<br>**3**<br>Charitable Activites<br>**4**<br>_Highfield Recreation Project_<br>_Room Hire_<br>_Subscriptions_<br>Investments<br>**6**<br>Other trading activities<br>**5**<br>**Total**<br>**Expenditure on:**<br>Raising funds<br>Charitable activities<br>_Direct project costs_<br>_Highfield Recreation Project_<br>_Premises costs_<br>Other<br>**Total**<br>**7**<br>**Net surplus or (deficit) before**<br>**transfers**<br>**2**<br>**Transfer between funds**<br>**15,16**|**Unrestricted**<br>**Restricted**<br>**Total**<br>**Total**<br>**funds**<br>**funds**<br>**funds 2023**<br>**funds 2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**6,130**<br>**47,854**<br>**53,984**<br>39,714<br>**1,091**<br>**-**<br>**1,091**<br>5,252<br>**54,949**<br>**-**<br>**54,949**<br>17,380<br>**1,675**<br>**-**<br>**1,675**<br>887<br>**107**<br>**-**<br>**107**<br>24<br>**228,640**<br>**-**<br>**228,640**<br>60,716|
|---|---|
||**292,592**<br>**47,854**<br>**340,446**<br>123,973|
||**48,081**<br>**13,076**<br>**61,157**<br>77,346<br>**846**<br>**14,294**<br>**15,140**<br>-<br>**5,670**<br>**-**<br>**5,670**<br>3,796<br>**32,625**<br>**-**<br>**32,625**<br>14,845<br>**211,149**<br>-<br>**211,149**<br>25,460|
||**298,371**<br>**27,370**<br>**325,741**<br>121,447|
||**(5,779)**<br>**20,484**<br>**14,705**<br>2,526<br>**(945)**<br>**945**<br>**-**<br>-|
|||
|**Net movement in funds before tax**<br>**Tax payable**<br>**Net movement in funds**<br>**Reconciliation of funds:**|**(6,724)**<br>**21,429**<br>**14,705**<br>2,526<br>**(3,031)**<br>**-**<br>**(3,031)**<br>-<br>**(9,755)**<br>**21,429**<br>**11,674**<br>**2,526**|
|Total funds brought forward|**388,258**<br>**6,665**<br>**394,923**<br>392,397|
|**Total funds carried forward**<br>**15,16**||
||**378,503**<br>**28,094**<br>**406,597**<br>394,923|
|||



Page 9 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

## BALANCE SHEET 

## AS AT 31 MARCH 2023 

|**Fixed Assets**<br>Intangible Assets<br>**9**<br>Tangible assets<br>**10**<br>**Current assets**<br>Stocks<br>Debtors<br>**11**|**£**<br>**£**<br>£<br>£<br>**31,275**<br>35,175<br>**337,909**<br>338,615<br>**369,184**<br>373,790<br>**10,924**<br>5,000<br>**12,443**<br>5,093<br>**2023**<br>2022|**£**<br>**£**<br>£<br>£<br>**31,275**<br>35,175<br>**337,909**<br>338,615<br>**369,184**<br>373,790<br>**10,924**<br>5,000<br>**12,443**<br>5,093<br>**2023**<br>2022|
|---|---|---|
||**10,924**<br>**12,443**||
|Cash at bank and in hand|**82,764**|82,223|
|**Creditors:**amounts falling due within<br>one year<br>**12**<br>**Net current assets**<br>**Total Assets Less Current Liabilities**<br>**Creditors:**amounts falling due over one<br>year<br>**13**<br>**Net assets**<br>**Funds:**<br>Unrestricted funds<br>**16**<br>Designated funds<br>**16**<br>Restricted funds<br>**15**<br>**Total funds**||92,316<br>(27,895)<br>**75,397 **<br>64,421<br>**444,581**<br>438,211<br>**(37,984)**<br>(43,288)<br>**406,597**<br>394,923<br>**361,859**<br>388,258<br>**16,644**<br>-<br>**28,094**<br>6,665<br>**406,597**<br>394,923|
||**106,131**<br>**(30,734)**||
||||



The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 

The statement of financial activities includes all recognised gains and losses in the year. 

All of the above amounts relate to continuing activities. 

The notes on pages 12 to 22 form part of these financial statements. 

Page 10 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

BALANCE SHEET _(continued)_ 

AS AT 31 MARCH 2023 

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

## Directors’ responsibilities: 

- (i) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. 

- (ii) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 

These accounts have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. 

## 19/08/2023 

These accounts were approved by the directors and authorised for issue on …………… and are signed on their behalf by: 

## 21/08/2023 


...................................................... ………………………………………….. 

**M Sumsion H Jackson Chairperson Treasurer** 

## **Company Registration Number: 05676887** 

The notes on pages 12 to 22 form part of these financial statements. 

Page 11 



**THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS 

FOR THE YEAR ENDED 31 MARCH 2023 

## **1.   Accounting Policies** 

The Gregson Community Association Limited is a company limited by guarantee in England and Wales. 

## **Basis of preparation** 

The charity constitutes a public benefit entity as defined by FRS 102. 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 applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015. 

The Gregson Community Association Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). 

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 

## **Income** 

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received. 

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity, and it is probable that they will be fulfilled. 

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably, and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. 

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). 

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of interest paid or payable by the Bank. 

## **Going concern** 

The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for a period of at least 12 months from the date the accounts are approved. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

Page 12 



**THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS 

FOR THE YEAR ENDED 31 MARCH 2023 

## **1.   Accounting Policies (** _**continued**_ **)** 

## **Fund accounting** 

Unrestricted funds are funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. Any overspends are met by unrestricted funds. 

## **Expenditure** 

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. 

## **Tangible Fixed Assets and Depreciation** 

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: 

Freehold Property 2% straight line – residual value now reached. Plant and machinery 25%/33% reducing balance. 

## **Amortisation** 

Amortisation is calculated so as to write off the cost of the asset, less its estimate residual value, over the useful economic life of that asset as follows: 

Goodwill 10 years straight line Website costs 5 years straight line 

## **Stock** 

Stock of materials is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. 

## **Debtors and accrued income** 

Debtors are recognised at the settlement amount due after any trade discounts allowed. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. 

## **Cash at bank and in hand** 

Cast at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **Creditors and provisions** 

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

## **Pensions** 

The charitable company operates a defined contribution pension scheme, and the pension charge represents the amount payable by the charity in respect of the year. The assets of the scheme are held separate from those of the charitable company in independently administered funds. 

## **Government grants** 

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met, and the grants will be received. 

Page 13 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **2.** 

|(Deficit)/ Surplus is stated after charging:<br>Depreciation<br>Goodwill amoritisation<br>Independent examination fees|**2023**<br>2022<br>**£**<br>£<br>**2,405**<br>10,948<br>**6,900**<br>6,300<br>**3,424**<br>2,250|
|---|---|



## **3.  Income from donations, grants and legacies** 

|Grants<br>Donations|**2023**<br>2022<br>**£**<br>£<br>**47,854**<br>-<br>**6,130**<br>39,714|
|---|---|
||**53,984**<br>39,714|
|||



Income from donations, grants and legacies was £53,984 (2022: £39,714) of which £47,854 (2022: £nil) was attributable to restricted and £6,130 (2022: £39,714) was attributable to unrestricted funds. 

## **4.  Income from charitable activities** 

|Highfield Recreation Project<br>Subscriptions<br>Room Hire|**2023**<br>2022<br>**£**<br>£<br>**1,091**<br>5,252<br>**1,675**<br>887<br>**54,949**<br>17,380<br>**57,715**<br>23,519|
|---|---|



Income from charitable income was £57,715 (2022: £23,519) of which £nil (2022: £nil) was attributable to restricted and £57,715 (2022: £23,519) was attributable to unrestricted funds. 

## **5.   Other trading activities** 

|**ther trading activities**||
|---|---|
|Bar income<br>Artistic Development income|**2023**<br>**2022**<br>**£**<br>**£**<br>**227,637**<br>60,716<br>**1,003**<br>-|
||**228,640**<br>60,716|
|||



Income from other trading activities was £228,640 (2022: £60,716) of which all income was attributable to unrestricted funds in the current and prior year. 

Page 14 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **6.  Investment income** 

|**Investment income**||
|---|---|
|Bank interest receivable|**2023**<br>2022<br>**£**<br>£<br>**107**<br>24|
|||



## **7.  Total expenditure** 

|Costs of raising funds<br>Expenditure of charitable activities||**Staff costs**<br>**(note 8)**<br>**Support**<br>**costs**<br>**Total 2023**<br>**£**<br>**£**<br>47,721<br>13,436<br>**61,157**<br>79,406<br>185,178<br>**264,584**|**Staff costs**<br>**(note 8)**<br>**Support**<br>**costs**<br>**Total 2023**<br>**£**<br>**£**<br>47,721<br>13,436<br>**61,157**<br>79,406<br>185,178<br>**264,584**|
|---|---|---|---|
|||127,127<br>198,614<br>**325,741**||
|||||
|Costs of raising funds<br>Expenditure of charitable activities<br>Support costs are made up as follows<br>Direct project costs<br>Fundraising costs<br>Bar expenses<br>Freelancers<br>Premises costs<br>Telephone and internet<br>Printing, postage and stationery<br>Sundries<br>Software licenses<br>Bank charges<br>Bank interest<br>Accountancy<br>Depreciation<br>Amortisation||||
|||**Staff costs**<br>**(note 8)**<br>**Support**<br>**costs**<br>**Total 2022**<br>**£**<br>£<br>27,285<br>50,061<br>77,346<br>-<br>44,101<br>44,101||
|||27,285<br>94,162<br>121,447||
|||||
||||**2023**<br>2022<br>**£**<br>£<br>**17,092**<br>3,796<br>**6,943**<br>11,698<br>**102,263**<br>38,363<br>**12,610**<br>-<br>**32,625**<br>14,845<br>**1,467**<br>1,527<br>**918**<br>378<br>**6,862**<br>210<br>**643**<br>364<br>**1,024**<br>493<br>**3,237**<br>2,990<br>**3,625**<br>2,250<br>**2,405**<br>10,948<br>**6,900**<br>6,300<br>**198,614**<br>94,162|
|||||



Of the £325,741 expenditure in 2023 (2022: £121,447), £298,371 was charged to unrestricted funds (2022: £121,447) and £27,370 to restricted funds (2022: £nil). Within the total expenditure are governance costs of £3,625 (2022: £2,250) which are included within unrestricted expenses. 

Page 15 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS (continued) 

## FOR THE YEAR ENDED 31 MARCH 2023 

## **8.  Wages and salaries** 

|Employee costs during the year|**2023**<br>2022<br>**£**<br>£|
|---|---|
|Wages and salaries|**121,863**<br>26,936|
|Social security costs<br>Pension costs|**2,982**<br>-<br>**2,282**<br>349|
||**127,127**<br>27,285|
|||
|The average number of employees during the year was as follows**:**|**8**<br>5|
|||



No employees received total employee benefits of more than £60,000. 

## **9.  Intangible assets** 

|**Cost**<br>At 1 April 2022<br>Additions<br>At 31 March 2023<br>**Amortisation**<br>At 1 April 2022<br>Charge for the year<br>At 31 March 2023<br>**Net book value**<br>At 31 March 2023<br>At 31 March 2022|**Goodwill**<br>**Website**<br>**Total**<br>**£**<br>63,000<br>-<br>63,000<br>-<br>3,000<br>3,000|
|---|---|
||63,000<br>3,000<br>66,000|
||27,825<br>-<br>27,825<br>6,300<br>600<br>6,900|
||34,125<br>600<br>34,725|
|||
||**28,875**<br>**2,400**<br>**31,275**|
|||
||35,175<br>-<br>35,175|
|||



Page 16 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS (continued) 

FOR THE YEAR ENDED 31 MARCH 2023 

## **10.   Tangible fixed assets** 

|**Cost**<br>At 1 April 2022<br>Additions<br>Disposals<br>At 31 March 2023<br>**Depreciation**<br>At 1 April 2022<br>Charge for the year<br>Disposals<br>At 31 March 2023<br>**Net book value**<br>At 31 March 2023<br>At 31 March 2022<br>**Debtors**|**£**<br>402,133<br>-<br>-<br>**Freehold**<br>**Property**|**Plant and**<br>**Machinery**<br>**Total**<br>**£**<br>**£**<br>55,185<br>457,318<br>1,699<br>1,699<br>-<br>-<br>56,884<br>459,017<br>48,084<br>118,703<br>2,405<br>2,405<br>-<br>-<br>50,489<br>121,108<br>**6,395**<br>**337,909**<br>7,101<br>338,615|
|---|---|---|
||402,133||
||70,619<br>-<br>-||
||70,619||
||||
||**331,514**||
||||
||331,514||
||||
||||
|Trade debtors<br>Prepayments<br>Accrued income<br>VAT||**2023**<br>2022<br>**£**<br>£<br>**4,601**<br>2,108<br>**2,567**<br>-<br>**2,620**<br>2,985<br>**2,655**<br>-|
|||**12,443**<br>5,093|
||||



## **11.     Debtors** 

Accrued income relates to gift aid not yet received. 

Page 17 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **12.    Creditors: amounts falling due within one year** 

|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Bank loans and overdraft (see note 14)<br>Trade creditors<br>Taxation and social security<br>Accruals<br>VAT<br>**Creditors: amounts falling due over one year**||**2023**<br>**2022**<br>**£**<br>£<br>**8,840**<br>11,822<br>**12,161**<br>3,070<br>**5,498**<br>742<br>**4,235**<br>9,896<br>**-**<br>2,365|
|||**30,734**<br>27,895|
||||
||||
|Bank loans (see note 14)||**2023**<br>**2022**<br>**£**<br>£|
|||**37,984**<br>43,288|
||||



**13. Creditors: amounts falling due over one year** 

The loan is secured by legal mortgage charge on 33 and 35 Moorgate, Lancaster. 

## **14. Loans** 

An analysis of the maturity of loans is given below: 

|Amounts falling due within one year on demand:<br>Bank loans<br>Amounts falling between one and two years:<br>Bank loans - 1 - 2 years<br>Amounts falling between two and five years:<br>Bank loans - 2 - 5 years|**2023**<br>**2022**<br>**8,840**<br>11,822|
|---|---|
||**8,840**<br>11,822|
||**29,144**<br>31,466|
|||



Page 18 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **15. Restricted Funds** 

|Banks Lyon Memorial Trust<br>Eric Wright Charitable Trust<br>Walney Extension Community Fund<br>Community Health Champions<br>National Lottery Community Fund<br>Windows Fund<br>Wedding License Fund<br>Population Health Investment Fund/NHS Lancashire and<br>South Cumbria Integrated Care Board|**Balance**<br>**Balance**<br>**1 April 2022 Incoming Outgoing Transfers 31 March 2023**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>-<br>7,000<br>-<br>-<br>**7,000**<br>-<br>500<br>(500)<br>-<br>**-**<br>-<br>12,500<br>(12,500)<br>-<br>**-**<br>-<br>9,674<br>(7,544)<br>-<br>**2,130**<br>-<br>8,250<br>(2,504)<br>-<br>**5,746**<br>-<br>9,930<br>(4,322)<br>-<br>**5,608**<br>6,665<br>-<br>-<br>-<br>**6,665**<br>-<br>-<br>-<br>945<br>**945**<br>**Movement in resources**|
|---|---|
||6,665<br>47,854<br>(27,370)<br>945<br>**28,094 **|
|||



|Projects and Programmes Fund<br>Windows Fund|**Balance**<br>**Balance**<br>**1 April 2021 Incoming Outgoing Transfers 31 March 2022**<br>£<br>£<br>£<br>£<br>**£**<br>921<br>(921)<br>**-**<br>1,665<br>-<br>-<br>5,000<br>**6,665**<br>**Movement in resources**|
|---|---|
||2,586<br>-<br>-<br>4,079<br>**6,665**|
|||



Banks Lyon Memorial Trust 

This grant will allow us to support a young promoter (17-25) who wants to break into the music/events industry to programme gigs and manage a small budget at the Gregson. The young person will be supported by a mentor who will support their creative professional development. 

Eric Wright Charitable Trust 

Walney Extension Community Fund 

The GCA accepted £500 from the Eric Wright Trust on behalf of Critical and Creative Approaches to Mental Health Practice (ccramhp) to support the delivery of ‘Reimagining Mental Health’ a day of talking, reading, viewing, and making hosted in collaboration with MadZine research and Asylum Magazine. 

This funding has supported the charity to have paid leadership and employ our first Chief Executive. 

Community Health Champions - this funding allowed the Gregson to run ‘Beyond the pandemic, beyond the Health Festival.’ 

This project was run in partnership with Bay Health Festival and saw us deliver a rich programme of 25+ events, workshops, and conversations over the Bay Health Festival weekend at the Gregson. This funding also fed into year-round activities at the centre, such as a weeklong exhibition Market Place and I’ with a series of one-off events and workshops to bridge the gap from one Bay Health Festival to the next. 

Page 19 



**THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **15. Restricted Funds (continued)** 

Population Health Investment Fund/NHS Lancashire and South Cumbria Integrated Care Board 

This project has supported those in our community who experience health inequalities (chronic respiratory conditions specifically) in a creative and social way using a non-clinical approach in an informal community setting through our choir - ‘Breath of Fresh Air.’ This choir builds on successful pilot projects that have taken place at the centre and we are running this choir in partnership with Queens Square Surgery in Lancaster. 

National Lottery Community This funding has paid for the charity to employ a part time (12 hours a Fund week) Volunteer Coordinator to develop volunteering opportunities within the organisation and ensure a robust volunteer offer that focus on recruitment and retention of volunteers, support volunteer from different background, supervision, recognition, and feedback and connecting volunteers to the wider structure of the Gregson. Windows Fund This was a donation from a generous individual and is restricted for the replacement of the windows on the ground floor of the Gregson. 

Wedding Licence Fund 

This restricted fund was donated by an individual who ran a fundraising campaign for the Gregson to obtain a Wedding Licence. 

Projects and Programmes Fund 

Grants received related to COVID-19. 

## **16. Unrestricted Funds** 

|**estricted Funds**||
|---|---|
|**Unrestricted funds: current**<br>Designated funds<br>General reserves|**year**<br>**£**<br>-<br>-<br>-<br>16,644<br>16,644<br>388,258<br>292,592<br>(301,402)<br>(17,589)<br>361,859<br>**At 1 April**<br>**2022**<br>**At 31 March**<br>**2023**<br>**Income**<br>**Expenditure**<br>**Transfers**|
||388,258<br>292,592<br>(301,402)<br>(945)<br>378,503|
|||



Designated funds are funds allocated by the Trustees for the Highfield Recreation Ground sinking fund (£9,144) which is money set aside to replace the games area surface plus Highfield Recreation Ground buffer (£7,500) which is amounts held to cover two years running costs of Highfield Recreation Ground if such funds were needed. 

|**Unrestricted funds: prior year**|||||**£**|
|---|---|---|---|---|---|
||**At 1 April**||||**At 31 March**|
||**2021**|**Income**|**Expenditure**|**Transfers**|**2022**|
|Designated funds|-|-|-|-|-|
|General reserves|389,811|123,973|(121,447)|(4,079)|388,258|
||389,811|123,973|(121,447)|(4,079)|388,258|
|||||||



Page 20 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **17. Defined contribution pension scheme** 

|**Defined contribution pension scheme**||
|---|---|
|Contributions payable by the company for the year|**2023**<br>2022<br>**£**<br>£<br>**2,282**<br>349|
|||



## **18** . **Capital commitments** 

There were no capital commitments at 31 March 2023 or 31 March 2022. 

## **19.   Contingent liabilities** 

There were no contingent liabilities at 31 March 2023 or 31 March 2022 other than a general obligation to repay grants where the agreed services are not ultimately provided. 

## **20.   Taxation** 

As a charity, The Gregson Community Association Limited is exempt from tax on income and gains falling within sections 472-474 of the Corporation Tax Act 2010, section 478-489 of the Corporation Tax Act 2010, or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 

## **21.   Analysis of Net Assets Between Funds** 

|Unrestricted funds<br>Designated<br>General funds<br>Restricted funds<br>**Total funds**|**Fixed**<br>**Net**<br>**assets**<br>**assets**<br>**2023**<br>**£**<br>**£**<br>**£**<br>**-**<br>**16,644**<br>**16,644**<br>**369,184**<br>**(7,325)**<br>**361,859**<br>**-**<br>**28,094**<br>**28,094**|
|---|---|
||**369,184**<br>**37,413**<br>**406,597**|
||Fixed<br>Net current|
|Unrestricted funds<br>Designated Funds<br>General reserves<br>Restricted funds<br>Total funds|<br> <br>assets<br>assets<br>2022<br>£<br>£<br>£<br>-<br>-<br>-<br>373,790<br>14,468<br>388,258<br>-<br>6,665<br>6,665<br>373,790<br>21,133<br>394,923|



Page 21 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **22.  Related Parties** 

There were no related party transactions in the current or previous year. 

In the year no expenses were reimbursed to the Trustees (2022 - £Nil). 

## **23.  Control** 

No single individual has had control of the company in the current or previous year. 

## **24. Company limited by guarantee** 

Every member guarantees, in the event of the charitable company being wound up while he, she or it remains a member or within 12 months of he, she or it ceasing to be a member, to contribute £1 towards the cost of dissolution and the liabilities incurred by the charitable company while the contributor was a member. 

Page 22 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** 

## **INCOME AND ENDOWMENTS** 

||||
|---|---|---|
|**Donations and legacies**<br>Donations<br>Grants<br>All restricted<br>**Other trading activity**<br>Other income<br>Bar income<br>**Investment income**<br>Bank deposit interest<br>**Charitable activities**<br>Highfield Recreation Project<br>Subscriptions<br>Room hire<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Raising donations and legacies**<br>Fund raising events<br>Support and coordinators<br>Support and coordinators - freelancers<br>Support and coordinators - wages<br>Bar expenses<br>**Charitable activities**<br>Highfield Recreation Project<br>Direct project costs<br>Direct projects - wages<br>Rates<br>Water<br>Repairs and renewals<br>Insurance<br>Heat and light|6,130<br>39,714<br>47,854<br>-<br>53,984<br>39,714<br>1,003<br>-<br>227,637<br>60,716<br>228,640<br>60,716<br>107<br>24<br>1,091<br>5,252<br>1,675<br>887<br>54,949<br>17,380<br>57,715<br>23,519<br>340,446<br>123,973<br>6,668<br>2,837<br>275<br>8,861<br>6,493<br>-<br>47,721<br>-<br>-<br>65,648<br>61,157<br>77,346<br>5,670<br>3,796<br>11,422<br>-<br>3,718<br>-<br> <br>15,140<br>-<br> <br>99<br>101<br>717<br>228<br>2,001<br>8,691<br>1,016<br>1,346<br>4,322<br>4,479<br>8,155<br>14,845|39,714<br>-|
|||39,714<br>-<br>60,716|
|||60,716<br>24<br>5,252<br>887<br>17,380|
|||23,519|
||||
|||123,973|
|||2,837<br>8,861<br>-<br>-<br>65,648|
||||



This page does not form part of the statutory financial statements. 

Page 23 



**THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS _(continued)_ 

FOR THE YEAR ENDED 31 MARCH 2023 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** 

|**Charitable activities**<br>**Other**<br>Bar expenses<br>see next page<br>Interest payable<br>**Support costs**<br>**Management**<br>Telephone and internet<br>Postage and stationery<br>Sundries<br>Software licences<br>**Finance**<br>Bank charges<br>**Other**<br>Amortisation of intangible fixed assets<br>Depreciation of tangible fixed assets<br>**Governance costs**<br>Accountancy and legal fees<br>Total Other costs<br>**Total resources expended**<br>**Net income**|212,689<br>3,237<br>1,467<br>918<br>2,711<br>643<br>5,739<br>1,024<br>6,900<br>2,405<br>9,305<br>3,625<br>235,619<br>325,741<br>14,705|-<br>2,990<br>1,527<br>378<br>210<br>364|
|---|---|---|
|||2,479<br>493<br>6,300<br>10,948|
|||17,248<br>2,250|
|||25,460<br>121,447|
|||2,526|
||||



This page does not form part of the statutory financial statements. 

Page 24 



## **THE GREGSON COMMUNITY ASSOCIATION LTD** 

NOTES TO THE FINANCIAL STATEMENTS _(continued)_ 

## FOR THE YEAR ENDED 31 MARCH 2023 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** 

|Bar sales<br>Bar purchases<br>Gross profit<br>Staff costs<br>Freelancers<br>Repairs and renewals<br>Cleaning<br>Licences and sundries<br>Heat and light<br>Business rates and water<br>Insurance<br>Bank charges<br>Net profit/(loss)|**2023**<br>£<br>227,637<br>(96,404)<br>131,233<br>75,688<br>6,117<br>7,715<br>2,482<br>1,669<br>12,966<br>2,449<br>3,047<br>4,152<br>116,285<br>14,948|**2022**<br>£<br>60,716<br>(28,015)|
|---|---|---|
|||32,701<br>27,285<br>-<br>2,679<br>-<br>915<br>4,599<br>327<br>668<br>1,160|
|||37,633|
|||(4,932)|



This page does not form part of the statutory financial statements. 

Page 25