REGISTERED COMPANY NUMBER: 06354930 (England and Wales) REGlSfERED CHARITY NUMBER: 1122405 REPORT OF THE TRusfEES AND FINANCIAL 5fATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 FOR sr ALBANS COMMUNITY A550CIATION J W Hlnks LLP Chartered Accountants and Statutory Audltors 19 Highfield Road Edgbaston Birmlngham West Mldlands B15 38H
ST ALBANS COMMUNITY AssoaATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Report of the Trustees I to 10 Report of thq Independent Audltors 11 to 13 ststement of Flnanclal Artlvltles 14 Balanee She•t 15 to 16 Cash Flow Statement 17 Notes to th¢ Cash Flow Statement 18 Notes to the Flnanclal 5t3ternents 19 to 42
ST ALBANS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 06354930) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also dlrectors of the charbty for the purposes of the Cornpanle5 Act 2006, present thelr report with the flnanci31 statements of the charity for the year ended 31 March 2025. The trustees have adopted the provislons of Accounting and RepDrtin8 by Charltle5'. Statement of Recommended Practlce appllcable to Charltles preparing their accounts in accordance wlth the Flnancial Reportlng standard appllcable In the UK and Republic of Ireland IFRS 1021 leffertlve ljanuary 20191. OBJECTIVES AND ACTIVITIES Objectlves and alms Pur ose5 an alms St Albans Communlty Assoclatlons ob}ectlve5 and prfnclpal actlvitles are to Improve the condltlons of Ilfe for the resldents of the St Paul's Ward and the 5urroundlng areas of Sandwell through the provlslon of seTvlces to meet local need and to make avallable facllltles for groups and local people. st Albans Communlty As50clatlon's vislon can be summarlsed as follows. To workfor a communlty in whlch all are valued and respected, To work for a communlty In whlch every resident has acce55 to the informatlon, sUPPOrt and quality servlce5 they need. To work for a communlty In whlch everyone, Irrespectlve of their hlstoryi culture, race, 8ender or dlsablllty, can feel a sense of belonglng. St Albans Communlty Assoclation's mlsslon Is to be an asset to the local communlty by provldlng acce5S to Incluslve and supportlve 5ervlces whlch enoble resldents to thrlve and achleve thelr potentlal. Ensurln our work delivers our alms We review our aims, objectives and actlvlties each year. Thls review looks at what we achleved and the outcomes of our work In the prevlous 12 months, The revlew looks at the success of each key actlvity and the beneflts they have brought to those groups of people we are set up to help. The review also helps us to ensure that our alm, oblertlves and actlvlties remalned focused on ow stated purp05e5. We have referred to the guldance contained In the Charlty Commlsslon's general guidance on public benefit when revlewing our aims and oblectlves and In plannlng our future actlvltles, In partlcular, the trustees conslder how planned actlvltles wlll contrlbute to the alms and objectlves they have set. The focu5 of o r work The A5s0clatiofi continues to provide varlous activities to benefit a wlde range of age group5. At present, the A550datlon provldes a pre-school provlslon, a day opportunltle5 servlce, an outmeal servlce, an advice and support service, community 5UPPOrt, carers support, an older people 5UPPOrt servlce and opportunltles for volunteer5. In addition to the varlous services provlded by the A5soclation, the Association also hires rooms to variou5 communitylvoluntary groups from the local area. Thelr acilvlties Include arts and crafts, palnting and many other activities which sult a wlde range of people and age group5. Furthermore, the Associatlon also supports several autonomous groups by provldlng not only rooms but also support, advice and guidance on funding. Grantmaklng The A550ciatlon revlew5 various organisatlons and indlvldua15 who support and dellver the A5$0Ciatlon's objects. Potential reclplent5 of grant5 paid by the A550ciatloD are reviewed by the Associatlon on a case by case basls dependlng upon the avallable resource5 of the A55oclation. Pa8e I
ST ALBANS COMMUNITY ASSOCIATION IREGISTEREO NUMBER: 06354930) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Achlevement and performance Charltable artlvltles How our actlvities deliver ublic benefit In setting our objettives and plannlng our actlvltles the trustees have glven careful conslderatlon to the Charity Commission's general guldance on public benefit, includlng the guidance on publlc benefit and fee charglng. Our main activlties and who we try to help are described below. All of our charltable activities focus on our ability to improve the conditions of life for the residents of the St Paul's Wa rd and the surroundin8 areas of Sandwell through the use of the facillties available to the Association. Thls year St Albans not only exceeded Its fundralslng expectstlons but also dellvered slgniflcant improvements across our servlces and facSlltles. Wlth the completion of a major reconflguration, renovatlon and new bulld in December 2024 our bold vlslon has been reallsed thanks to robust support from funders such as the National Lottery Communlty Fund, the Eveson Charltable Trust. the Bernard 5unley Foundatlon. the Wolfson Foundation, the Heart of England Community Foundatlon, the Rowlands Trust, the Garfbeld Weston Foundatlon and the Mlnlstry of Houslng, Communitles and Local Government. o Our CommStment and VlsSon At St Albans our guldlng prlnclple Is to dellver ho115tlc, communlty-focused 5ervlces that foster real change. Every Inltlatlve Is rooted In cornpa551on, dedlcatlon, and a Steadfast commltment to improvlng Ilves. Our succe55es thls year speak to a deep allgnment wlth the needs, hopes and challen8e5 of those we serve o Junlpers (Pre-school) - Enhanced Support for Growlng Needs Wlth a notlceable rlse in children pre5entSng addltlonal need5, the Junipers programme ha5 ramped up Its SUPPOrt framework. A dedicated team of five experlenced staff, two apprentlces, and a Famlly Worker (funded through the Communities In Sync - Wlder Determlnants of Health programmel now ensures that both chlldren and thelr famllles recelve tailored asslstance. o Junlpers {Pre-schooll - Hollstlc Famlly Engagement The Famlly Worker not only supports early educatlonal needs but also offers advlce and guldance on parentlng whlle addresslng external challenge5 Such as the cost of lfvlng, housln8 pressure, and poverty. o Elderberrles (Day Care and Lunch Clubl - A Beacon ofcommunlty Support Under the leadershlp of Manager Clalre and her team of thlrteen dedicated staff members, the Elderberrles Club contlnues to provlde a nurturlng. supportive envlronment. A dally offerln8 of love, care. nutritlou5 meal, and engagin8 entertalnment ha5 relnforced our 5ervl¢e's role as a Ilfellne for clients and carer5. o Elderberrles (Day Care and Lunch Clubl - Growlng Strength and Antldpated Growth Slnce achlevlng Approved Provlder Status Sn December 2023 the seNlce's posltlve Impact is evident In the feedback and smllln8 faces of those It touches, even as we awalt the flnallsed contrart from the Local Authorlty. o Outmeals - Dellverlng Dolly Nourlshment and Companlon5hlp Our outmeals Service consistently provides freshly prepared meals while ensuring that vulnerable clients recelve regular heck-ins. Th15 vltal yet stralghtforward support guarantees that Indlvlduals not only eat well but also feel seen and cared for. o Welfare Rights (funded through the Henrysmlth Charityl- EmpowerlngThrough Expert Advlce Amid rising Ilvlng Costs, our welfare rlghts seNlce Is more essentlal than ever. Our adv15er1s In hlgh demand, offerlng personalised, expert asslstance to he5p famllies navlgate financlal challenges and secure the beneflts they need. We have also been prlvlleged thls year to secure a further 12 months of fundlng from the Henry Smith Charity. allowing u5 to contlnue delivering this programme until September 2027. Page 2
ST ALBANS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 06354930) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 o Dlglcomm and Power Up - txgital Literacy that Surpasses Targets In partnershlp with Sandwell Community Informatlon and Partlcipation SeNlce5 ISCIPSI and funded by the National Lottery Community Fund, our Power Up Initlatlve ha5 exceeded all annual targets by 5UPPOrtlng Individuals. pre-school parents, and organ15atlons. o Dlglcomm and Power Up- Innovatlve Expanslon The programme Is now plloting a c05t-of-living workshop designed to address financlal pressure5 such as household bllls, utilitle5 and broadband costs, dlrect5y responding to the evoliiing needs of our community. o Comrnunity Offer- A Collectlve Wellbeln8 and Support Inltlatlve.. Comprehenslve Wellbeing Support The Sandwell Communlty Offer brlngs together local experts to provlde free, accesslble SUPPOrt for resldent5 aged 18 and over. Whether you need help managlng flnances, accesslng local servlces or bullding social networks our Communlty Navlgators are on hand to offer per50nalised advice. o Community Offer- A Collectlve Wellbeln8 and Support Initiatlve: Local Impact Through Strateglc Partnershlps with servlces dellvered through collaboratlve efforts across Oldbury, Wednesburyi Rowley Regis, Tipton, Smethwlck (ln partnership wlth Dorothy Parkesl and West Bromwich our approach Is truly communlty-wlde. Though the partnershlp structure ha5 shlfted as of December 2024, wlth Murray Hall Communlty Trust now leadlng In certaln areas, our commltment to well-belng remalns unchan8ed. o Dementla Support Serwlce- A Compasslonate Response to Memory Loss In collaboratlon wlth Murray Hall Communlty Trust and partner5 such as W8ACRC, Age UK, Agewell, BUDS, Alzhelmer's Soclety and Dementla Pathflnders, the 5andwell Communlty Dementla Support Sen4lce dellvers crltlcal, personallsed care for Indlvlduals Ilvlng wlth dementla and thelr famllies. o Dementla Support Servlce - Tallored, Practlcal Asslstance Our speclallst advi50r dedicate5 time and care to offer patlent. practlcal guidance. acknowledglng that dementia is progressive whlle ensuring thot every client feels understood and 5UPPOrted. Flnanclal revlew Financlal posltlon The Statement of Flnanclal Actlvlties for the year ended 31 March 2025 shows Incomlng re50urce5 of £1,128,84812024: £1,697.5991 and resources expended of £1,019,09112024: £936,156), generatlng a surplus of Income over expendlture totalllng £109,75712024., £761,443). As a result, the Assoclation's net assets have Increased from £2,2SS,LTh)8 as at 31 March 2024 to £2,364,765 as at 31 March 2025. For the year ended 31 Morch 2024 the trustees note that the surplus of £761,443 included grant income totalling £385,OQO due from the Bernard Sunley Foundatlon. the Eveson Charitsble Trust, the Garfleld Weston Foundation, the Heart of England Community Foundatlon, the Rowlands Trust and the Wolfson Foundatlon which had been obtained to help fInan the Association's reconfiguratlon, renovation and extenslon to the Assoclatlon's premlses. Thls was in addltion to an initlal £300,000 in grant Income which was recognised by the A5soclation during the year ended 31 March 2023 as due from the Department for Levelling Up, Housing & Communities, Community Ownership Fund to help finance the Association's reconfiguratlon, renovation and extension to the A550clation's premises. No such grant income has been recognised a5 due to the Assoclatlon for the year ended 31 March 2025. The reserves are prlmarily to cover the development and future operational expenses of St Albans Communlty Associatlon. Prfnclpal fvnding sources St Albans Communlty Assoclation 15 reliant upon the income derfved from grants it receive5 from organlsations such as Sandwell Metropolltan Borough Councll and other grant making organlsation5 as well as income derlved from room hire and catering and other sources of income. Page 3
ST ALBANS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 06354930) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 srRATEGIC REPORT Flnanclal revlew Reserves pollcv St Abans Communlty A550clatlon recognlses the Importance of having reserve5, These funds are freely avallable to Spend on any of the A550clatlon's purposes and hence exclude re5trirted funds. They will be used to mltlgate 51gnlflcant falls In Income or to tske advantsge of new opportunlties. The Assoclatlon faces a number of risks that may result In the need to use the Assoclation's reserves. Some of these Include the followlng. A reductlon In fundlng from external fundlng provlders. Unexpected refurblshment cost5 In relation to the Assoclation's premlse5. External fattors Impactlng the Assoclatlon such a5 National Llvlng Wage Increases or Increasing utlllty blll5. Reserves are represented by the fund balances as dlsclosed In the balance sheet on page 16 of the flnanclal statements. The balance sheet shows unrestrlcted reserves IreseNes that do not carry any restrlctlons on how they can be used) of £1,146.478 as at 31 March 202512024.. £1,092,152}. In assesslng our level of free reserves as at 31 March 2025 we also exclude flxed assets totalllng £216,123 12024.. £209,850) and deslgnated fund balances totalling £554,426 {2024: £456.7431. Thls leaves free reserves totallln8 £375,929 as at 31 March 202512024: free reserves totalllng £425,558). The trustees have revlewed the reseNes ot the Assoclatlon. It15 the pollcy of the Assoclatlon to malntaln unrestrlrted funds, whlch are the free reserves of the A550cSatlon, at a level sufflclent to ensure the contlnued operatSon of the Assoclatlon's artlvltles. The trustees acknowledge the Associatlon's free reserves posltlon 35 at 31 March 2025 and as at 31 March 2024 have been affected by $18nlflcant deslgnated fund balances beln8 carrled forward as at 31 March 2025 and at 31 March 2024. The level of reserves wlll be monltored and revlewed by the trustees annually, Page 4
ST ALBANS COMMUNITY ASSOCIATION {REGISTERED NUMBER: 063549301 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Prlncipal rlsks and uncertalntles The Board of Trustees has responslblllty for ensurlng that there are effective rlsk management and systems of Internal control in place to manage the charity's major rlsks and to support the achievement of our strategic objectives. The princlpal rlsks to the charlty and how these are managed are set out below. R15k- flnanclal erformance and sustalnablli Rlsk concerning flnancial performance and 5UStalnablllty Includes any slgnlflcant reductlon In fundraislng due to economic condltlons. Thls rlsks undermlnln8 our ablllty to meet the needs of our users and to meet our strateglc alms. Rlsk concernlng flnanclal performance and sustalnablllty Is managed by the holding of reserves and a regular revlew of charlty reserve5. Senlor management and the Board of Trustees also regularly revlew and 5crutlTrlse the charlty's short and medlum-term flnanclal posltion. Risk - safe uardln of vulnerable and oun le Rlsk concernin8 the safeguardlng of vulnerable and young people Indudes negllgence In relatlon to safeguardlng policles or when prartlce results In or contrlbutes to serlous harm or Injury to a young person or vulnerable adult and damages the Assoclatlon's reputatlon. Rlsk COnrnIng the safeguardlng of vulnerable and young people Is managed by safeguardlng tralnlng for all employees workln8 dlrectly wlth vulnerable and young people. Rlsk - Information securl R15k concernlng Informatlon securlty Include5 serlous data protectlon or securlty fallure whlch may result In legal and contractual Issues, reputatlonal damage and potentlal flnes and10ss of income. Rlsk concernlng Informatlon securlty Is managed by havlng a structure In place for Informatlon monitorlng and compllance and by the routlne testlns of IT systems to Identlfy any securlty weaknesses. Page 5
ST ALBANS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 06354930) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Future plans During the comlng year the Associatlon Intends to continue to meet its alms and objectlves provldlng a wlde range of 5ervlces to benefit local people and to alleviate povertv. Building on our succes525 for the year ended 31 March 2025 we look to the future with clear. strateglc goals. In general our plans for the year ended 31 March 2026 include the foSlowlng. Ex andln Servlce Reach We will be looklng to contlnuously enhance Dur service dellvery through evldence-based strategles and data-drlven Insights. Dee enln Communl Partnershi We will be looking to explore new collaboratlons and refine ex15tlng ones for more robust, communlty-centric support. Innova Ive Pro ramme Develo ment We will look to Commlt to pilotlng programmes that dlrectly address emergent needs, ensurlng that Dur efforts remaln timely and ImpartFul. Celebratln Im act We wlll look to Integrate quantltatlve outcomes and personal testimonials Into our future reports to clearly communicate our progress and foster deeper connectlons. Other We wlll expand our Communlty Response Team and support them In contlnulng to deliver hlgh qualltv SUPPOrt and mechanlsms that assist local people and famSlle5 In Improving thelr economlc footprint. Slmultaneouslyi we are actlvely explorlng new collaboratlons and Innovatlve opportunltles to enhance our support for arers further, ensurlng they have the resources and asslstance they deserve. We are also developing a broad programme of support wlth SCIPS, our Invaluable partner. We are currently explorin8 partnershlp5 and opportunltles to support carers better, ToBether, we are forglng a future where every member of our communlty feels seen, supported, and empowered. St Albans Is not merely an organlsatlon Itls a passlonate communlty partner dedlcated to tran5formln8 Ilves. We take pride In our achlevements and are even more excited about the Journey ahead. STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document St Albans Communlty A5s0clatlon Is a company Ilmlted by guarantee Ireglstered number 06354930) whlch was Incorporated on 29 August 2007 and achleved charltable Status on 22 January 2008 Ireglstered number 11224051. The Assoclatlon was established under a Memorandum of Assoclation which e5tabllshed the objects and powers of the Association and is governed under Its Artlcles of Association. In the event of the Association being wound up members are requlred to contrlbute an amount not exceedlng £1. Recrultment and appolntment of new trustees As set out in the A550ciation's Articles of Assoclatlon new trustees are appolnted by the Board of Trustees after applying to the Association In the form required by the trustee5 and after belng approved by the Board of Trustees. All trustees glve thelr tlme voluntarlly and receive no benefits from the Assoclatlon. Any expenses reclalmed from the Assoclation are set out in the notes to the financial statements. Page 6
ST ALBANS COMMUNITY ASSOCIATION {REGISTERED NUMBER: 06354930) REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED JI MARCH 2025 STRucfuRE, GOVERNANCE AND MANAGEMENT Organisatlonal strurture St Albans Community A550ciation Is organlsed so that Its management commlttee of trustees meet regularty to manage Its affalr5 and formulate pollry, A scheme of dele8ation Is In place and day to day respon51blllty for the prov155on of the Assoclatlon's services rests wlth the CEO. The CEO Is responslble for ensurlng that the Associatlon dellver5 the 5ervlces 5peclfled and that key performance Indicator5 are met. The CEO also has responsibility for the day to day Operational management of the Association. Individual superv151on of the staff team and ensurlng that the team contlnue to develop their skllls and worklng practlces In Ilne wlth good practlce. Indurtlon and tralnlng of new trustees New trustees undergo an orlentation day to brief them on legal obligations under charlty law, the content of the Assoclatlon'5 Memorandum and Artlcles of Assoclatlon, the commlttee and decislon-maklng processes and the recent financlal performance of the A550ciatlon. Durlngthe Indurtlon day they meet key employees and othertrustees. Trustees are encoura8ed to attend approprlate external trainln8 events where these wlll facllitate the understandln8 of thelr role. Key fflanayment remuneratlon In the trustees, oplnlon, the key management personnel of the Assoclatlon re5pon55ble for the dlrectlon, control, wnnlng and operatlon of the A550clatlon on a day to day bas15 conslsts of the Board of Trustee5 and the CEO. Ke mana ent erso nel - trustees All trustee5 glve of thelr tlme freely and no trustee recelved remuneratlon durlng the year. Detalls of tru5tees' expenses and related party transactlons are dlsclosed In notes 12 and 24 to the flnanclèl statements. Ke ana ement er50nnel - CEO The pay of the A5soclatlon's senlor staff Is revlewed annually and normally Increased based upon the p051tlon of the Assoclatlon's flnances and the cost of Ilvin8 In general. In view of the nature of the A5sociatlon, the trustee5 benchmark pay levels In other slmllar organlsatlons of a slmllar size. Rlsk management The trustee5 have a duty to Identlfy and revlew the rlsks to whlch the charlty is exposed and to ensure appropriate controls are In place to provlde reasonable a55urance agalnst fraud and error. The A550ciatlon has a rlsk reglster that IS viewed on a regular basls. Fundralslng The Assoclatlon's fundralslng durlng the year ended 31 March 2024 was undertaken by staff and volunteers and not bv any professlonal fundralsers or commerclal companles. Only a small proportion of our Income comes from voluntsry donations from our supporters. However, through the fundralsing efforts of our staff and supporters, we are generating flnancial resources to enable us to provlde our servlces. Our Board of Trustees is deeply committed to bulldin8 relatlonships and trust wlth our supporters and Is committed to the strengthening of overslght and a55ur3nce concerning our fundraisin8 programmes and In ensuring compliance and best practice in these area5. We contlnue to be committed to addressing any expresslon of dissatlsfaction on the part of our supporters and to examlning ways to improve the levels of our 5ervlce to them. Page 7
ST ALBANS COMMUNITY AssoaATION (REGISTERED NUMBER: 06354930) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Reg15tered Company number 06354930 (England and Wales) Regjstered Charjty number 1122405 Restered office St Albans Communlty Centre St Albans Road Smethwlck West Mldlands B67 7NL Trurtees R Bruce R D Darlington R Evetts M D Hawkes S Penn Gsohal A Docker C M Coleman lappolnted 21.11.241 Chlef Exttutlve Offlcer T M Flannagan Senlor statutory audltor Peter Smith FCA Company Secretsry T M Flanna8an Audltors J W Hlnks LLP Chartered Accountants and Statutory Audltors 19 Highfleld Road Ed8baston Blrmlngham West Mldlands B15 3BH Sollcltors Anthony Colllns Solicltors LLP 134 Edmund Street Irmlngham B3 2ES Page 8
ST ALBANS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 06354930) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Bankers Co-operatlve Bank l Balloon Street Manchester M60 4EP Leek Unlted Buildlng Society 50 St Edward Street Leek Staffordshire ST13 5DL Santander Bank 2 Trlton Square Regent'5 Place London NWI 3AN Charlty Bank Fosse House 182 Hlgh Street Tonbridge Kent TN9 18E United Trust Bank Llmlted l Ropemaker Street London EC2 9AW FUNDS HELD AS CUSTODIAN FOR OTHERS andwell Dementla Actlon Alllance The Sandwell Dementia Action Alllance Is made up of organlsations that operate acmss the borough of Sandwell and are working towards creatlng dementla frlendly communltles to Improve the Ilves fo people Ilvlng wlth dementla and their carers. Durlng the year ended 31 March 2022 St Albans Communlty Assoclatlon recelved £5,000 from the Sandwell Dementla Actlon Alllance to be held by the Assoclatlon on behalf of the Sandwell Dementla Artlon Alliance, Durlng the years ended 31 March 2023 to 31 March 2025 a totsl of Enll12024: £nlll has been expended by Sandwell Dementla Artlon Alllance from thls sum of money, leavlng an unexpended balance totalllng £5,000 whlch has been Included by the Assoclatlon wlthln other credltors falllng due wlthln one year as at 31 March 202512024.. £5,OCN)11. srATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the dlrertors of St Albans Cornmunity Assoclatlon for the purposes of company lawl are responslble for preparing the Report of the Trustees and the flnancial statements In accordance wlth appllcable law and Unlted Klngdom Accountlng Standards Iunlted Klngdom Generally Accepted Accountlng Practlcel Includln8 Flnanclal Reportlng Standard 102 The Financlal Reportlng Standard applicable In the UK and Republlc of Ireland" Company law requlres the trustee5 to prepare flnanclal statements for each flnancial year whlch glve a true and falr vlew of the state of affalrs of the charltable company and of the Incomlng resources and appllcatlon of resources, Includlng the Income and expenditure, of the charltable company for that perlod. In preparing those financlal 5tatement5, the trustees are required to select suitable accounting pollcles and then applythem cons15tently; observe the methods and prlnclples In the Charlty SORP,. Jnake Judgements and estlmate5 that are reasonable and prudent,. prepare the flnancial Statements on the 8olng concern basls unless It15 Inapproprlate to presume that the charltable company will contlnue In business. The trustees are responslble for keeping proper accounting records whlch dlsclose with reasonable accuracy at any time the financlal p05itlon of the charltable company and to enable them to ensure that the financlal statements comply with the Companies Act 2006. They are also responsible for safeguardlng the assets of the charitable company and hence for taking rea50n3ble step5 for the prevention and detertion of fraud and other irre8ularitie5. In so far as the trustees are aware: there15 no relevant audlt Information of which the charitable company's auditor5 are unaware: and the trustees have taken all step5 that they ought to have taken to make themselves aware of any relevant audit information and to establlsh that the audltors are aware of that Informatlon. Page 9
ST ALBANS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 06354930) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 AUDITORS The auditots, J W Hinks LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. Thls report has been prepared in accordance wlth the speclal provislons of Part 15 of the Companies Act 2006 relating to small companles. Report of the trustees, Incorporating a strategic report, approved by order of the board of trustees, as the company dlrertors, on 9 July 2025 and slgned on the board's behalf by: A Docker- Trustee Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF srALBANS COMMUNITY ASSOCIATION Oplnlon We have audited the flnancial statements of St Albans Communlty Assoclation Ithe 'charitable company'l for the year ended 31 March 2025 whlch comprlse the Statement of Financial Artivitie5. the Balance Sheet. the Cash Flow Statement and notes to the financial Statements, Includlng a summary of signlficant accounting pollcies. The financial reportlng framework that has been applied In their preparation Is appllcable law and Unlted Kingdom Accountlng Standards (Unlted Klngdom Generally Accepted Accountlng Practl¢el, including Flnancial Reporting Standard 102 'The Financlal Reporting Standard appllcable in the UK and Republlc of Ireland,. In our opinlon the flnanclal 5tatements'. glve a true and falr vlew of the state of the charitsble company's affalrs 35 at 31 March 2025 and of Its Incoming resources and appllcatlon of resources, includlng Its Income and expendlture, for the year then ended; have been properly prepared In accordance with United Klngdom Generally Accepted Accounting Practlce, Includlng Financlal Reportlng Standard 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland,; and have been prepared in accordance wlth the requlrements ofthe Companles Act 2006. Basls for oplnlon We conducted our audit In accordance wlth Internatlonal Stsndards on Audlting IUKI IISAs IUKII and appllcable law. Our responslbilltles under those standards are further descrlbed In the Audltors, responslblllties for the audlt of the flnanclal ststements sectlon of our report. We are Independent of the charltable company In accordance wlth the ethlcal requlrements that are relevant to our audit of the flnanclal statements in the UK. including the FRC'S Ethlcal Standard, and we have fulfllled our other ethlcal responslbllltles In accordance wlth these requlrements. We belleve that the audlt evldence we have obtalned15 sufflclent and approprlate to provlde a ba515 for our oplnlon, Concluslons relatlng to solng ¢oncern In audltlng the flnanclal statement5, we have concluded that the trustees, use of the golng concern basls of accountlng In the preparatlon of the flnanclal ststements Is approprlate. Based on the work we have performed, we have not Identlfled any material uncert31ntie5 relatlng to events or condltlons that, Indlvldually or co11ectlvely, may c35t 51gnlficant doubt on the charltable company's abillty to contlnue os a golng concern for a perlod of at least twelve months from when the financial statement5 are authorlsed for155ue. Our responslbllltles and the responslbllltles of the trustees wlth respect to golng concern are de5crlbed In the relevant sertlons of thls report. Other Inforniatlon The trustees are responslble for the other Informatlon. The other Information comprlses the Informatlon Included In the Annual Report, other than the flnanclal statements and our Report of the Independent Audltor5 thereon. Our opinlon on the financial Statements does not cover the other Informatlon and, except to the extent otherw15e expllcitly stated In our report, we do not expres5 any form of assurance conclu5ivn thereon. In connectlon with our audlt of the flnancial statements, our responslblllty Is to read the other infonnatlon and. In doing so, con51der whether the other Snformatlon 15 materially Incon51stent with the flnancial statement5 or our knowledge obtalned in the audit or otherwlse appears to be materlally misstated. If we Identify such materlal Incons15tencies or apparent materlal misstatements, we are requlred to determine whether this gives rlse to a material misstatement In the financlal statements themselve5. If, bèsed on the work have performed, we conclude that there is a materfal mlsstatement of thls other Informatlon, we are requlred to report that fact. We have nothlng to report In thls regard. Oplnions on other matters prescrlbed by the Companles Act 21106 In our opinlon, based on the work undertaken In the course of the audlt: the inforniation glven in the Report of the Trustees for the financlal year for whlch the flnancial ststements are prepared is consistent with the financlal statements: and the Report of the Trustees has been prepared In accordance with applicable legal requirements. Page 11
REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS OF ST ALBANS COMMUNifi ASSOCIATION Matters on which we are required ta report by exceptlon In the light of the knowledge and understanding of the charitable company and its environment obtalned in the course of the audit, we have not identlfled materlal mlsstatements In the Report of the Trustees. We have nothlng to report in respect of the followinB matters where the Companies Art 2006 requiTe5 U5 to report to you If, In our oplnlon: adequate accounting records have not been kept or return5 adequate for our audlt have not been received from branches not vlslted by us,. or the financial statements are not in agreement wlth the accounting records and returns; or certain disclosures of trustee5' remuneratlon 5peclfied by law are not made. or we have not recelved all the information and explanatlons we require for our audlt,. or the trustees were not entltled to take advantage of the small companles exemptlon from the requlrement to prepare Strateglc Report or in preparlng the Report of the Trustees. Responsibllltles of trustees As explalned more fully In the Statement of Trustees, Responsiblllties, the trustees (who are also the dlrectors of the harltable company for the purposes of company law) are responslble for the preparation of the financial statements and for belng satlsfled that they glve a true and falr vlew, and for such Internal control as the trustees determlne 15 necessary to enable the preparatlon of flnanclal statements that are free from materlal mlsstatement. whether due to fraud or error. In preparlng the flnanclal Statements, the trustees are responslble for assesslng the charitable company's ability to contlnue as a goln8 concern, dlscloslng, as appllcable, matters related to 8olng concern and uslng the golng concern basls of accountlng unless the trustees elther Intend to Ilquldate the charltable company or to cease operatlons, or have no reallstlc altematlve but to do so. Our responslbllltles for the aud5t of the flnanclal statements Our objectlves are to obtaln reasonable assurance about whether the financlal statements as a whole are free from Tnaterlal mlsststement, whether due to fraud or error, and to Issue a Report of the Independent Audltor5 that Includes our oplnion. Reasonable a55urance 15 a hlgh level of a55urance, but 15 not a guarantee that an audlt conducted in accordance wlth ISAS IUKI wlll always detert a materlal mlsstatement when it exlsts. Mlsstatements can arlse from fraud or error and are considered materlal If, Indlvldually or In the aggregate, they could reasonably be expected to Inftuence the economlc dec151on5 Of users taken on the ba51s of these financlal ststements. The extent to whlch our procedures are capable of detertlng Irre8ularltles, Includlng fraud Is detalled below: Enqulrlng wlth management and others to galn an understandln8 af the organlsation Itself Includlng operatlons, financlal reportlng and known fraud or error. Evaluatln8 and understandlng the Internal control System. Performlng analytlcal procedures as expected or unexpected varlances In account balances or classes of transactlons appear. Testing documentatlon supportlng account balances or classes of transartlons, Confirmlng accounts receivable and other accounts wlth a thlrd party. A further descriptlon of our responsibllitles for the audit of the flnancial statempnts is located on the Financlal Reporting Council'5 website at wMv,frc.org,uklauditorsre5ponsibilities. This description form5 part of our Report of the Independent Auditors. Page 12
REPORTOF THE INDEPENDENT AUDITORSTO THE MEMBERS OF ST ALBANS COMMUNITY ASSOCIATION Use of our report Thls report Is made solely to the charltable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companles Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them In an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitsble company's members as a body, for our audit work, forth15 report, or forthe opinlons we have formed. Peter Smlth FC4 (Senlor Statutory Audltor) for and on behalf of J W Hlnks LLP Chartered Accountants and Statutory Audltors 19 Hlghfleld Road Edgbaston Blmiln8ham West Midlands BIS 38H 9 July 2025 Page 13
ST AL8ANS COMMUNITY ASSOCIATION srATEMENT OF FINANCIAL AcfiviTIE5 (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Tota funds Unrestrlcted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donatlons and le8acie5 4,272 4,272 6,653 Charitable actlvltle$ Grants recelvable 477.878 164.914 642.792 1,222,852 Other tradlng actlvltles Investment Income Other Income 471.087 10.697 471.087 10.697 414,106 10,138 43.850 Totsl 963,934 164,914 1,128,848 1,697,599 EXPENDITURE ON Charltable actlvltles Charltable activities Support cost5 678.708 233,399 90,714 16,270 769,422 249,669 749,147 187.009 Totsl 912,107 106,984 1.019.091 936,156 NET INCOME Transfers between funds 51,827 2,500 57,930 12,500) 109,757 761,443 22 Net movement In fund5 54,327 55,430 109,757 761,443 RECONCILIATION OF FUNDS Total funds brought fonvard 1.091151 1.162.857 2,255.008 1,493,565 TOTAL FUNDS CARRIED FORWARD 1,146,478 1,218,287 2,364.765 2,255,008 The notes fom part of these flnancial statements Page 14
ST ALBANS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 06354930) BALANCE SHEEr 31 MARCH 2025 2025 Totsl funds 2024 Total fijnds Unrestrlcted fund5 Restrlcted fund5 Notes FIXED ASSETS Tan8ible a55ets 16 216,123 1.355,404 1.571,5Z7 1,109.259 CURRENT A5SErs stocks Debtors Cash at bank and In hand 17 18 1,700 86,167 890.537 1,71)0 101,167 756,019 755 464,030 827,077 15,000 134,518) 978.404 1119.5181 858.886 1,291,862 CREDITORS Amounts falllng due wlthln one year 19 140,699) 117,5991 158,298) 1135,918) Nrf CURRENT ASSET5 937,705 157,1171 800,588 1,155,944 TOTALASSEfs LESS CURRENT LIABILITIES I.153Z8 1,218,Z87 2,372,115 2,265,203 CREDITORS Amounts falllng due after more than oneyear 20 (7.350) (7.350) 110,1951 NET ASSErs 1,146,478 1,218.287 2,364.765 2,255,008 FUNDS Unrestrlcted funds.. General fund Desi8nated - Gipltal Reserve fund Deslgnated- Property Malntenance fund Designated- Redundancy fund De51gnated - Roof Replacement fund Designated - Buildln8 E)rten5ion fund Deslgnated - Bullding Refurb15hment furbd Designated - Minibus fund De5ignated- Van fund Designated - Furniture fund Deslgnated - Pre-school Soft Play Replacement fund 22 592,052 30,OOQ 28,OQO 61N26 loo,000 IOD.OCO 35,000 120,000 10,000 45,000 25,000 635,408 30,LThJO 30,000 41,743 60,000 220,000 35,000 40,000 1,146,478 1,092,151 Restrlcted funds 1,218.Z87 1,162,857 TOTAL FUNDS 2,364.765 2.255.008 The notes form part of these financial statements Page 15 continued.
ST ALBANS COMMUNITY ASSOCIATION (REGISTERED NUMBER: 063549301 BALANCE SHEET- contlnued 31 MARCH 2025 These flnancial statemEnts have been prepared in accordance wlth the prov151ons applicable to charitable companie5 subject to the small companles reglme. The financlal Statements were approved by the Board of Trustee5 and author15ed for i55ue on 9 July 2025 and were 51gned on its behalf bv.. A Docker- Trustee The notes forni part of these flnanclal 5tatement5 Page 16
ST ALBANS COMMUNITY ASSOCIATION CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng actlvltlqs Gish generated from operations 454,003 791,810 Net cash provlded by operating artlvltles 454,003 791,810 Cash flows from Investlng actlvltle5 Purchase of tanglble flxed assets Sale of tanglble flxed asset5 Interest received (533,813) 900 10,697 1744,3321 10,138 Net cash used In investing actlvitles 522,2161 1734,1941 Cash flows from flnanclns actlvltles New loans In year Loan repayments In year 14.226 11,1851 2,845) Net cash (used Inllprovlded by flnancin8 artlvStles {2,8451 13,041 Change In cash and cash equlvalents In the reportlng perlod Cash and cash equlvalents at the beglnnlng of the reportlng perlod (71,058) 70,657 827.077 756,420 Cash and cash equlvalents at the end of the r•portln8 pertod 756,019 827,077 The notes form part of these financial statements Page 17
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE CASH FLOW STATEMENT FOR ThE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES 2025 2024 Net income for the reportlng perlod las perthe Statement of Hnanclal Activities) Adjustments for: Depreciation charEes Loss on dSsp05al of flxed assets Interest received (Increasel/decrea5e in stocks Decrease/llncreasel In debtors IDecreasel/lncrease In credltors 109.757 761.443 66.145 4,5QQ 110,6971 1945) 362.863 177,620) 50,092 {10,1381 1,215 {61,861) 51,059 Net cash provlded by operatlons 454,003 791,810 ANALYSIS OF CHANGES IN NEf FUNDS At 1,4.24 Cash flow At 31.3.25 Net cash Cash at bank and In hand 827.077 (7L058) 756.019 827,077 71,058) 756,019 Debt Flnance leases 13,0411 2,845 110,196) (13,041 2,845 (10,1961 Totsl 814.036 168,213) 745.823 The notes form part of these flnanclal 5tatement5 Page 18
ST AL8ANS COMMUNITY ASSOCIATION NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 20Z5 ACCOUNTING POLICIES GENERAL INFORMATION AND BASIS OF PREPARING THE FINANCIAL STATEMENTS General Inform?tlon St Albans Community A550clat5on Is a charlty Incorporated In England and Wales. The address of the Assoclatlon's registered office Is St Albans Communlty Centre, St Albans Road. Smethwlck, West MSdlands, B67 7NL. Accountlng conventlon The flnancial statements of the A550clation, whlch Is a public benefit entity under FRS 102, have been prepared In accordance wlth the Charltles 50RP IFRS 1021 "Accounting and Reportlng by Charltles,. Statement of Recommended Practlce appllcable to charitle5 preparing thelr accounts in accordance with the Flnanclal Reporting Standard applicable In the Unlted Kingdom and Republlc of Ireland IFRS 1021 (effective l January 20151" Flnanclal Reportlng Standard 102 "The Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland" the Companies Act 2006 and the Charltles Act 2011. The flnanclal statements have been prepared using the hlstorlc cost convention and are presented In sterllng whlch Is the functlonal currency of the Assoclatlon, rounded to the nearest £1. The slgnlflcant accounting pollcles applled in the preparatlon of these flnancial statements are set out below. These policles have been consistently app15ed to all years presented unles5 Otherwlse stated. COMPANY STATUS The Assoclatlon Is a company Ilmited by guarantee. The members of the Assoclation are the trustees named on the cornpany Information page. In the event of the Assoclatlon belng wound up the Ilablllty In respect of the guarantee Is Ilmlted to £1 per member of the A550ciatlon. GOING CONCEAN The flnanclal Statements have been prepared on a going concern basis as the trustee5 belleve thèt no materlal uncertalntles exlst. The trustees have considered the level of funds held and the expected level of Income and expendlture for 12 month5 from authorlslng these fln3nclal statement5. The expected level of Income and expendlture Is sufficlent wlth the level of reserves for the Assoclation to be able to continue a5 a goln8 concern. INCOME All income Is recognlsed In the Statement of Flnancial Actlvlties once the As50ciatlon has entltlement to the funds, it Is probable that the Income wlll be received and the amount can be measured rellably. For donation5 to be recognlsed the AssocSation wlll have been notlfied of the amount5 and the settlement date in wrlting. If there are conditions attached to the donatlon and thls requlres a level of performance before entltlement can be obtalned then income is deferred untll those conditlons are fully met or the fulfllment of those condltions is within the control of the Assoclation and it Is probable that they will be fulfilled. For legacies, entltlement is the earller of the Assoclatlon belng notlfled of an Impendlng distrlbutlon or the legacy belng received. At thi5 point income 15 recognlsed. On occasion legacies wlll be notlfied to the A550ciation. However, it 15 not alway5 possible to measure the amount expected to be dlstrlbuted. On these occasions the legacy is treated a5 3 contlngent asset and disclosed. Income from trading actlvities includes Income earned from fundraislng events and trading actlvltles to ralse funds for the A550ciation. Income Is recelved In exchange for supplying goods and services in order to raise funds and is recognised when entltlement has occurred. The Association receive5 local authorlty grants and grants from other third parties in respect of its actlvities. Income from local authorlty Erant5 and grant5 from Other third parties is recognised at falr value when the Association has entltlement after any performance conditlons have been met. it is probable that the Income wlll be received and the amount can be measured reliably. If entltlement 15 not met then these amounts are deferred. Page 19 continued...
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- continued INCOME Investment Income 15 earned through holding assets such a5 cash on deposlt. It includes Interest recelvable. Interest incDme 15 recognised using the effectlve Interest rate method and Is recognlsed as the A55oclation's right to recelve payment is establlshed. EXPENDITURE All expendlture Is accounted for on an accrua15 bas15 and has been cla5s1fled under headlngs that aggregate all costs related to the category. Expendlture Is recognised where there 15 a legal or constructlve obllgation to make payment5 to third parties, it Is probable that the settlement wlll be required and the amount of the obllgatlon can be measured reliably. It Is categorlsed under the followlng headlng5. Cost5 of raising funds. Expendlture on charitable activitie5. Other expendlture representlng those items not fallln8 Into the above categorles, Support costs are those that asslst wlth the work of the A5soclatlon but do not dlrectly represent charitable actlvltles and Include offlce costs, governance costs and other admlnlstratlve costs. Grants payable to thlrd partles are wlthln the Assoclatlon's charltable oblectlves. Where uncondltlonal grants are offered, thls Is accrued as soon as the reclplent Is notlfled of the grant as thls glves r15e to a reasonable expettatlon that the reclplent wlll recelve the grant. Where grants are condltlonal relatlng to performance then the grant Is only accrued when any unfulfilled condltlons are outslde of the control of the Assoclatlon. ALLOCATION AND APPORTIONMENT OF COSTS AII costs are allocated between the expendlture categorles of the Ststement of Flnanclal ActlvltSes on the bas15 de51gned to reflect the use of the resource. Costs relatlng to a partlcular actlvlty are allocated dlrectly, others are apportloned on an approprlate basls e.g. floor areas, per capits or estlmated usa8e. TANGIBLE FIXED ASSETS Depreclatlon Is provlded at rates calculated to wrlte off the cost of each asset over Its expected useful Ilfe a5 follows. Land Freehold property Freehold property Improvements Uft and soft play area Furnlture, flxtures and fittlngs Motor vehicles Not depreclated 1% stralght Ilne ba515 2% stral8ht line basls and IO% stralght Ilne basls IO% stralght Ilne ba515 10% stralght Ilne ba515 25% stralght Ilne basls The gain or loss ari51ng on the d15posal of an asset is determined as the dlfference between the sale proceeds and the carrylng value of the asset and Is recognlsed in net Incomellexpenditurel for the year. STOCKS Stocks are valued at the lower of cost and net reallsable value after maklng due allowance for obsolete and slow movin8 Item5. TAXATION The AssDciation is exempt from corporatlon tax on Its charitable activities. CASH AND CASH EQUIVALENTS Cash and cash equlvalent5 include cash in hand and deposits held at call wlth banks. Bank overdrafts are shown within borrowings In current liabllltles. Page 20 continued...
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED JI MARCH 2025 ACCOUNTING POLICIES- contlnued HIRE PURCHASE AND FINANCE LEASE COMMITMENTS Assets acquired under hire purchase contracts and finance leases are capits115ed a5 tanglble flxed assets. A55ets acqulred by flnance lease are depreciated over the shorter of the lease term and their useful lives. A55ets acqulred by hlre purchase are depreciated over their useful Ilves. Obllgatlons under such agreements are Included In credltors net of the flnance charge allocated to future periods. OPERAnNG LEASE5 Rentals payable under operatlng leases are charged to the Statement of Flnancial Actlvltles as Sncurred over the term ofthe lease. FUNDACCOUNTING Unrestrlrted funds can be used in accordance wlth the charltable objectlves at the dlscretlon of the trustees. Restrlcted funds can only be used for partlcular restrlcted purposes wlthln the objects of the Assoclation. Re5trlctlons arlse when speclfled by the donor or when funds are ra15ed for partlcular restrlcted purposes. Further explanatlon of the nature and purpose of each fund is Included In the notes to the fTnanclal statements. PENSIOP4 COSTS AND OTHER POST-RETIREMENT BENEFITS Contrlbutions to the personal pension schemes of certaln employees are charged to the Statement of Flnanclal Artlvltles In the perlod In which they relate. The assets of these personal penslon schemes are held separatelv from those of the charltable company In Independently admin15tered funds. EMPLOYEE BENEFIT5 When employees have rendered servlce to the Assoclatlon, short-term employee beneflts to whlch the employees are entltled are recognlsed at the und15counted amount expected to be pald In exchange for that servlce. The cost of any unused hollday entltlement Is recognlsed In the perlod In whlch the employee's servlces are recelved. Terminatlon beneflt5 are recognlsed immedlately as an expense when the As50Ci3tlon is demonstrably commltted to terminate the employment of an employee or to provlde termlnation beneflts. FINANCIAL INSTRUMENTS The Associatlon ha5 elected to apply the provlsion5 of Sectlon 11 '8aslc Flnancial Instruments" and Sectlon 12 "other Financlal Instrument5 Issues" of FRS 102 to all of its flnanclal statements. Financial Instruments are recognised In the Assoclatlon's balance sheet when the Assoclatlon becomes party to the contractual provislons of the instrument. Flnancial asset5 and liabilities ale offset, wlth the net amounts presented in the financial statements, when there Is a legally enforceable right to Set off the Tecognlsed amounts and there is an intention to settle on a net basls or to realise the a55et and Settle the Ilability 5imultaneou51y. Baslc financlal a5SÈt5 Ba51c financlal assets, whlch include trade and other recelvables and cash and bank balances, are Initially measured at transactlon price Including transaction costs and are Subsequently carried at amortlsed cost using the effective Interest method unles5 the arrangement constltutes a financing transartlon where the transartion15 measured at the present value of the future receipts discounted at a market rate of Interest. Page 21 continued.-.
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- continued FINANCIAL INSTRUMENTS Other flnanclal assets Other financial assets are Initially measured at falr value which Is normally the transaction prlce. Such assets are Subsequently carried at falr value and the changes In falr value are recognised in the income and expenditure account, except that investments In equty instruments that are not publicly traded and whose falr values cannot be measured reliably are measured at cost le55 impalrment. Trade debtors, loans and other recelvables that have fixed or determlnable payments that are not quoted In an actlve market are cla55ifTed as "loans and receivables" Loans and recelvables are measured at amortlsed cost uslng the effective Interest method less any Impalrment. Interest Is recognlsed by applylng the effectlve Interest rate, except for short-term recelvables when the recognitlon of interest would be immaterlal. The effectlve Interest method Is a method of calculatin8 the amortlsed cost of a debt instrument and of allocatlng the Interest Income over the relevant perlod. The effective interest rate Is the rate that exactly discounts estlmated future cash receipts through the expected Ilfe of the debt Instrument to the net carrying amount on initlal recognltion. Impalrment of flnanclal assets Flnancial assets, other than those held at falr value through Income and expendlture, are assessed for Indlcators of Impalrment at each reporting end date. Flnanclal assets are Impalred where there Is objective evldence that, a5 a result of one or more events that occurred after the Inltlal recognltlon of the flnanclal asset. the estlmated future cash flows have been affected. If an assetls lrnpaired, the Impairment loss is the dlfference between the carrylng amount and the present value of the estimated cash flows dlscounted at the a55et's orlglnal effectlve Interest rate. The Impairment loss is recogni5ed In the Income and expenditure account. If there Is a decrease in the Impalrment1055 arlslng from an event occurring after the Impalrment was recognlsed, the Impalrment Is reversed. The reversal Is such that the current carrylng amount does not exceed what the carrylng amount would have been had the Impalrment not prevlously been reco8nlsed. The Impalrment reversal Is reco8nlsed In the Income and expendlture account. DertCO8nltlon ol flnanclal assets Flnanclal assets are derecogn15ed only when the contrartual rl8ht5 to the cash flows from the asset explre or are settled, or when the Assoclatlon transfers the flnanclal asset and substantlally all of the rlsks and rewards of ownership to another entity, or If some slgnificant rlsks and rewards of ownershlp are retained but control of the a55et has transferred to another party thatls able to sell the a55et in Its entlrety to an unrelated thlrd party. Classlflcatlon of flnanclal Ilabllltles FinancSal Ilabillties and equlty Instruments are classlfied accordlng to the 5ub5tance of the contractual arrangements entered Into. An equty Instrument Is any contract that evldence5 a resldual Interest in the assets of the Assoclation after deductlng all of Its Ilabllltie5. Baslc flnanclal Ilabllftles Baslc financlal Ilabilities, Includlng trade and other payables and bank loans, are Inltlally reco8nlsed at transaction prlce unless the arrangement constltutes a flnanclng transactlon where the debt Instrument is measured at the present value of the future receipts dlscounted at a market rate of Interest. Debt Instruments are subsequently carrled at amortlsed c05t usln8 the effertlve Interest rate method. Trade payables are obllgatlon5 to pay for good5 and servlces that have been acquired in the ordlnary course of busine55 from suppllers. Accounts payable are classlfled as current liabilities If payment 55 due withln one year or le55. If not, they are presented a5 non-current Ilabllttles. Trade payables are recognlsed Inltially at tron5artion prlce and subsequently measured at amortlsed cost using the effective Interest rate method. Page 22 contlnued.
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - contlnued FINANCIALINSTRUMENTS Other flnanclal liabllltles Derlvatlve5, Including Snterest rate swaps and forward forelgn exchange contracts, are not baslc financ5al Instruments. Derivatlves are Inltlally recognlsed at falr value on the date a derivative contract Is entered into and are subsequently re-measured at thelr fair value, Changes In the falr value of derivatlves are recognlsed In the Income and expenditure account In flnance costs or flnance income as approprlate unless hedge accountlng is applled and the hedge Is a cash flow hedge. Flnanclal Ilabllltles and equlty Instruments are classified accordlng to the substance of the contrartual arrangements entered Into. Derecognltlan of flnanclal Ilabllltles Flnanclal Ilabilities are derecognised when the A5soclatlon's contractual obllgatlons explre or are dlscharged or cancelled. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the appllcatlon of the Assoclatlon's accountlng pollcles. the trustee5 are requlred to make judgements, e5tlmates and assUrnPtlon5 about the carrylng amount of as5et5 and liabllltles that are not readlly apparent from other other Sources. The estlmates and underlylng assumptlons are reviewed on an ongolng basls. Revlslon5 to accounting estlmate5 are recognSsed In the perlod In whlch the estlmate 15 revised where the revlslon affects only that perlod or In the perlod of the rev151on and future perlods where the revislon affects both current and future perlod5. DONAnoN5 AND LEGACIES 1025 2024 Donatlons 4,272 6.653 OTHER TRADING ACTIVITIES 2025 2024 Room hlre charges Catering Pre-school fees Mlnlbus Income Care Income Other income 29.944 103,010 59,814 33.034 188.939 56,346 33,431 89,235 63,759 29,834 141.402 56,445 471.087 414,106 INVESTMENT INCOME 2025 2024 Bank interest received 10,697 10,138 Page 23 continued...
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTIVITIES 2025 Grants receivable 2024 Total activities Grants 642.792 1.222.852 Grants received, Included In the above, are as follows. Unrestrlcted funds Restrlrted funds 1025 2024 Bernard Sunley Foundatlon - Bullding Extenslon fund 60,000 Communlties in Sync- Sandwell UKSPF Projert fund 29,411 20AII 33,461 Communltle5 In Sync- WDH Sandwell fund 11,750 11,750 Eveson Charitable Trust - Mlnibus Salary fund 5,072 Eveson Charltable Trust - Bullding Extenslon fund 150,000 Garfield Weston Foundation - Buildln8 Extenslon fund Is,000 Harbome Parlsh Lands Charlty- Mlnibus Salary fund 845 Harborne Parlsh Lands Charlty- Actlvltles Co-ordinator fund 8,853 8,853 2,951 Heart of England Community Foundatlon- Utilitles fund Heart of England Communlty Foundatlon Bulldlng Extenslon fund loo,000 Henry Smith Chartty- Improving Llve5 fund 34,750 34.750 33,900 Balance carrled fonNard 84.764 84,764 402,229 Pa8e 24 continued...
sr ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- contlTrued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE AcfiviTIES- continued Unrestrlcted funds Re5trlcted fundg 2015 2024 Balance brought forward 84,764 84,764 402,229 Metal Closures Llmlted Staff Welfare Fund- Equlpment and Refurblshment fund 68,000 68.000 Natlonal Lottery Communlty Fund Mlnlbus Salary fund 4,167 Natlonal Lottery Communlty Fund- Cost of Llvlng fund 48,750 Natlonal Lottery Communlty Fund- 8ulldlng Extenslon fund 189,493 Sandwell Community Hubs - Volunteer Co-ordlnator fund 28.825 Sandwell Comrnunlty Inforniatlon and Partlclpatlon Servlce ISCIPSI.. Reachlng Communltles Dlglcomm Project- General fvnd 46,358 46.358 45,315 Sandwell Community Informatlon and Partlclpatlon Servlce ISCIPSI: Know Your Nelghbourhood fund 22,000 Sandwell Communlty Infom)ation and Particlpation Service ISCIPSI Welcoming Spaces fund 6,250 6,250 1,250 Sandwell Council of Voluntary Organisations - Antlcipatory Care fund 4.700 4,700 Balance carried forward 46.358 163,714 210.07Z 742,029 Pa8e 25 continued...
sr ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE AcrivrriES- ntinUed Unrestrlcted funds Restrl¢ted fund5 2025 2024 Balance brought forward 46,358 163,714 210,072 742,029 Sandwell Metropolltan Borough Councll.. Management and administratlon General fund 100,025 100,025 100,025 Sandwell Metropolltan Borough Councll: Cornmunlty Offer- General fund 108,150 108,150 130,667 Sandwell Metropolltan Borough Councll: Nursery- General fund 221,545 221,545 155,696 5andwell Metropolltan Borough Councll.. Dlgl-Ab5e Project fund 4,628 Soclal Investment Fund - Reach fund 2,800 The Rowlands Trust- Bullding Exten51on fund 25.000 The Wolfson Foundatlon - Bulldlng Extenslon fund 60,000 West Midlands Pollce and Crlme Commlssloner- Motor Vehlcle Securlty fund 1,200 iJoo Other Sundry 8rants le5S £I,IJOO in value 1.800 2,007 477.878 164,914 642.792 1,222,852 Page 26 continued...
ST AL8ANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 OTHER INCOME 2025 2024 Exceptlonal Item5 43.850 Exce tional Item5 Durlng the year ended 31 March 2023 a minlbus owned by the Assoclatlon was stolen and the A550clatlon commenced negotlations wlth Its insurer wlth re8ard to an Insurance settlement clalm concernlnB the theft of thls vehlcle. Durlng the year ended 31 March 2024 the Assoclatlon recelved a total of £43,850 from Its Insurer In settlement concemlng the theft of th15 vehlcle. No exceptional Income has been recognSsed by the Assoclatlon during the year ended 31 March 2025. CHARITABLE ACTIVITIES COSTS Dlrert Costs (see note 91 Support costs (see note 101 Totals Charltable actlvltles Support Costs 769A22 769.422 249.669 249,669 769,422 249,669 1,019ml DIREcf COSTS OF CHARITABLE AcfiviTIES 2025 2024 Staff costs Minlbus expenses Volunteers and staff expenses Toy5 and equipment Caterlng expenses Project dellvery costs 6BO,197 19,003 4,174 3,223 25,124 37.701 644,487 22,093 4,416 536 27,401 50,214 769.4Z2 749,147 Page 27 continued...
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 io. SUPPORT COSTS Governance costs Management Flnan Other Totals Support costs 163,756 62 73.457 11394 249,669 Support costs are those costs that have been Incurred by the charity In order to further the continued develL)pment of the charity'5 charltable artlvitie5. Support costs, Included In the above, are as follows: 2025 Support osts 2024 Total actlvltles Rent, rates and Insurance Malntenance costs Light and heat Telephone Postage and 5tatlonery Staff tralning expenses Depreclatlon of tanglble and herltage a55ets IProfltl/loss on sale Df tanglble fbxed a55ets Bank charges Other operatln8 leases Legal and professional Sundrles Wages Soclal securlty Penslons Audltors, remuneratlon 15,368 50,294 16,859 5.923 1.170 3A96 66.146 4,500 62 5.406 30.932 37.119 5.460 628 510 5,796 10,551 38.175 13.598 3.789 1.008 2A83 50,090 iio 3.709 26367 25.063 5,398 619 349 5.700 249,669 187.009 ii. NEf INCOMEIIEXPENDITUREI Net Income/lexpenditurel15 Stated after ¢hargln8llcredltln81: 2025 2024 Audltors, remuneration Depreclation - owned assets Depreciation - a55ets on hire purchase contracts and flnance leases Other operating leases Deficit on dlsposal of flxed assets 5.796 64.722 1,423 5,406 4,500 5,700 49,618 474 3,709 Page 28 contlnued...
sr ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 12. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratlon orother benefits for theyearended 31 March 2025 nor forthe year ended 31 March 2024. TRU5TEES' EXPENSES During the year ended 31 March 2025 trustees, expenses totalllng £nil12024: £nlll were paid by the Assoclation. STAFF COSTS 2025 2024 Wages and salarles Soclal security costs Other penslon costs 631,567 41,086 14.142 600,976 37,236 12,641 686,795 650.853 The average monthly number of employees durlngthe year was a5 follows: 2025 2024 Management and admlnlstratlve staff Support staff 27 33 32 No Indlvldual employee recelved emoluments in excess of £60,000 during the year ended 31 March 2025 nor during the year ended 31 March 2024. 14. COMPARATIVES FOR THE STATEMENT OF FINANaAL ACTIVITIES Unrestrlcted funds Restricted funds Total fund5 INCOME AND ENDOWMENTS FROM Donations and leBacie5 5,342 1,311 6,653 Charltable actlvltlgl Grants recelvable 433,710 789,142 1,222,852 Other tradlng attlvlties Investment income Other Income 414,106 10,138 43,850 414,106 10,138 43.850 Total 907,146 790,453 1,697,599 EXPENDITURE ON Charltable artlvlties Charltable actlvltles Support costs 555.098 151,766 194,tvi9 35,243 749,147 187,009 Totsl 706,864 229,292 936.156 Page 29 continued...
sr ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvtriES- eontinued Unrestrlcted funds Restrlrted funds Total funds NET INCOME Transfers between fund5 200,282 io 561,161 iioi 761,443 Net movement In fund5 200,292 561,151 761,443 RECONCILIATION OF FUNDS Total funds brought forward 891,860 601,705 1,493,565 TOTAL FUNDS CARRIED FORWARD 1,092,152 1,162,856 2,255,008 15. PEN510N COMMITMENTS The Assoclatlon contrlbutes to the indNidual penslon plans of certain employees. The assets of these schemes are held separately from those of the Assoclation In Independently admlnlstered funds, The total contrlbutlons for the year amounted to £14,14212024: £12,641) and outstanding contrlbutlons as at 31 March 2025 amounted to £3,90712024: £2,391). 16. TANGIBLE FIXED ASSErs Freehold property Improvements Lift and soft plav area Freehold property cosr At l Aprll 2024 Addltlons DIsp05als 249,250 883,997 509A18 51,599 At 31 March 2025 249.250 1,393.415 52,599 DEPRECIATION At l April 2024 Char8e for year 3,324 831 166,806 28.788 52.592 At 31 March 2025 4,155 195,594 52.592 NET BIXIK VALUE At 31 March 2025 245.095 1.197.821 At 31 March 2024 245,926 717,191 Page 30 continued...
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 16. TANGIBLE FIXED ASSET5 - continued Furnlture, fixtures and flttings Motor vehicles Totals COST At l Aprll 2024 Additions DIsP05als 261.383 24.395 171,640 1,618.869 533,813 (5.4001 At 31 March 2025 285.778 166,240 2.147,282 DEPRECIATION At l Aprll 2024 Charge for year 210.690 76.198 27.283 509.610 66,145 At 31 March 2025 219.933 103.481 575,755 NET BOOK VALUE At 31 March 2025 65,845 62,759 1,571,527 At 31 March 2024 50,693 95,442 1,109,259 Freehold property eehold lan Included In freehold property at C05t as at 31 March 2025 Is freehold land of E81,66712024: £81,667) which 15 not depreclated. Freehold property Improvements Asset nder constructlon Durlng the year ended 31 March 2024 the Assoclatlon commenced work on the construrtlon of an extension to Its freehold property. As at 31 March 2024 the extenslon to the Assoclatlon'5 freehold property continued to be an asset under constructlon. Consequently, no depreclatlon was recognised by the Assoclation In respect of the con5trurtlon of thls extenslon to Its freehold property durlng the year ended 31 March 2024. The extenslon to the Assoclatlon's freehold property was completed and made avallable for use during the latter half of the year ended 31 March 2025 at whlch point the A55ociatlon began to recognlse depreclation on this extenslon to Its freehold property, Flxed assets held under flnance leases The net book value of tangible fixed a55ets includes £ 12,32912024 - £ 13,7521 In respect of assets held under hire purchase contract5. Page31 continued...
ST ALBANS COMMUNITY ASSOCIAT1014 NOTES TO THE FINANaAL STATEMEMfs- continued FOR THE YEAR ENDED 31 MARCH 2025 17. STOCKS 2025 2024 Stocks 1,700 755 18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 202S 2024 Trade debtors Other debtors Prepayments and accrued Income 73287 ,000 12,880 52,845 385,OCrfJ 26,185 101,167 464,030 19. CREDrroRS: AMouMfs FALLING DUE wrrHIN ONE YEAR 2025 2024 Flnance leases (see note 211 Trade creditors Soclal securlty and other tsxes Other credltors Accruals and deferred Income 2,846 21,148 10,846 8,462 92,616 5,297 10.134 28,902 58298 135,918 Other credltors Funds held a ustodian for others - Sandwell Dementla Action Alliance The Sandwell Dementia Actlon Alllance Is made up of organlsatlons that operate across the borough of Sandwell and are worklng towards creatlng dementia friendly communities to Improve the lives fo people livln8 wlth dementla and thelr carers. Durlng the year ended 31 March 2022 St Albans Communlty Assotlatlon recelved £5,000 from the Sandwell Dementia Action Alliance to be held by the Association on behalf of the Sandwell Dementia Actlon Alliance. Ouring the years ended 31 March 2023 to 31 March 2025 a totsl of £nll12024: £nill has been expended by Sandwell Dementla Actlon Alliance from this sum of money. leavlng an unexpended balance totalling £5,000 which has been Included by the A%sociation within other creditors fallin8 due within one year a5 at 31 March 2025 (2024: £5,0001}. Accruals and deferred Income De er Included within accruals and deferred income falling due wlthln one year as at 31 March 20251$ grant income received in advance by the Assoclatlon totalllng £21,45612024: £9,994). Page 32 continued...
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL 5TATEMENTS- continued FOR THEYEAR ENDED 31 MARCH 2025 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Flnance leases (see note 21} 7,350 10,195 21. LEASING AGREEMENTS Mlnimum lease payments under flnance leases fall due as follows: Flnance leases 2025 2024 Net obllgatlons repayable,. Wlthln one year Between one and five years 2.846 7.350 2,846 10,195 10.196 MOVEMENT IN FUNDS Net movement In funds Transfers between funds At 31.3.25 At 1.4.24 Unrestrlcted funds General fund De51gnated - Capltal Reserve fund Designated - Property Malntenonce fund Deslgnated - Redundancy fund Designated - Roof Replacement fund Oesl8nated - Bulldlng Extenslon fund Designated BulldSng Refurblshment fund Deslgnated - Mlnlbus fund Deslgnated - Van fund Designated - Furniture fund Deslgnated - Pre-school Soft Plav Replacement fund 635,408 30.000 30,000 41,743 60,¢Y)O 220,000 35,000 40.000 51,8Z7 (95,1831 592,052 30,000 28.000 61,426 I.000 100.000 35,000 120,000 10,000 (2,000) 19,683 40,000 (120.0001 80,000 10,000 45.000 25,000 25,000 1,092,151 51,827 2,500 1,146,478 R•strlcted funds Buy the 8uildln8 fund Capltal Grant Pro8ramme for 2 Year Olds fund Minibus fund AII To8ether fund Older People Day Trips fund Building Extension fund Welcoming Space5 fund Equipment and Refurbishment fund 245.926 (831) 245,095 15,300 (5,4001 13281 16081 657 3.045 3,653 2.500 899893 Is,(NM>) {2.5001 (5,207) 5,000 65,304 894.286 65.304 1.162,857 57,930 1,218,287 TOTAL FUNDS 2,255,008 109,757 2,364,765 Page 33 continued...
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANaAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS- contlnued Net movement in funds, Included In the above are as follows: Incoming resources Resources expended Movement In funds Unrestrlcted funds General fund 963.934 (912.107) 51A27 Restrlcted funds Buy the Bulldlng fund Capltal Grant Programme for 2 Year Olds fijnd Mlnlbus fund All Together fund Bulldln8 Exten51on fund Improvlng Uves fund Sandwell UKSPF Project fund Actlvlty Co-ordlnator fund Welcomlng Spaces fund Motorvehlcle Securlty fund WDH Sandwell fund Antlclpatory Care fund Equlpment and Refurblshment fund {831) (5AOO) 13281 1608) (5,207) (34.750) 129,411) 18,8531 11.250) {I,zoo) 111.750) 14.71J)} 12,6961 (5.400) (328) (608) (5.207) 34.750 Z9AII 8A53 6.Z50 1300 11.750 4,700 68.000 65,304 164.914 1106,984) 57,930 TOTAL FUNDS 1.128.848 1.019,091) 109,757 Page 34 continued...
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THEYEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS- ¢ontinued Comparatlves for movement In funds Net movement In funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Designated - Capltal Reserve fund Deslgnated- Property Maintenancefund De51gnated - Redundancy fund De51gnated - Roof Replacementfund Designated - Bulldlng Extenslon fund Desl8nated - Bullding Refurb15hment fund De51Bnated - Mlnlbus fond 505,117 30,C 30,000 41.743 60.000 150,000 35.IXKI 40,000 200,281 169,990} 635,408 30.000 30.000 41,743 60,0 220.000 35.000 40,000 70,000 891,860 200,281 io 1,092,151 Rertrl¢ted fvnds Buy the Bulldlng fund All About Food fund Capital Grant Pro8ramme for 2 Year Old5 fund Mlnibus fund All Together fund Older People Day Trips fund Bullding Extension fund Powering Up fund Reslllent Communltle5 fund Welcomin8 Spaces fund 246,757 io {8311 245.926 iio) 20,700 14,277 4,261 2,51JO 31J),(JJ) 3,2(K) 10,0 15,4001 113,2921 16081 15,300 985 3,653 2,500 899,493 599,493 13,2001 iio,0001 15,0001 15,0001 601,705 561,162 {ioi 1,162,857 TOTAL FUNDS 1,493,565 761,443 2,255,008 Page 35 continued...
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 22. MOVEMENT IN FUNDS- eontinued Comparatlve net movement In funds, Included In the above are as follows: Incomlng resources Resources expended Movement in funds Unrestrfrted funds General fund 907,146 {706,8651 200,281 Restrlcted funds Buy the Building fund Volunteer Co-ordlnator fund Capttal Grant Programme for 2 Year Olds fund Mlnlbus fund All Together fund 8ulldln8 Extenslon fund Mlnlbus Salary fund Utllltles fund Improvlng Lives fund Powerln8 Up fund Re5115ent Communltle5 fund Dlgl-Able Project fund Soclal Investment Buslness - Reach fund Sandwell UKSPF ProJect fund Cost of Ltvlng fund Actlvlty Co-ordlnator fund Know Your Nelghbourhood fund Welcomln8 Space5 fund 1831) {28,82S) {8311 28,825 15,400) 114,6031 16081 15,4CQI 113,292) 1608) 599,493 1,311 599,493 10,084 1,000 33,900 110,0841 11,0001 {33,9001 13,200} iio.0001 {4,6281 12,8001 133,4611 148,750) 12,9511 {22,000} {6,250 (3,2(N)I (10,0001 4,628 2,800 33,461 48,750 2,951 22,1) 1,250 15,0001 790,453 1229.2911 561,162 TOTAL FUNDS 1,697,599 1936,1561 761,443 Page 36 continued...
ST ALBANS COMMUNITY A550CIATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS- contlnued A current year 12 months and prlor year 12 months comblned posltion is a5 follow5: Net movement In funds Transfers between funds At 31.3.25 At 1.4.23 Unrestrlrted funds General fund Designated - Capital Reserve fund Deslgnated- Property Malntenance fund Deslgnated- Redundancyfund Designated - Roof Replacement fund Designated Buildin8 Extension fund Deslgnated - Bullding Refurblshment fund Designated - Minlbus fund Designated - Van fund Deslgnated - Furnlture fund Deslgnated - Pre-school Soft Play Replacement fund 505,117 30,000 30,C0 41,743 60,0(J) 150,000 35,000 40,000 252,108 1165,1731 592,052 30,0 28,000 61,426 loo,000 ioo,Tr)o 35,000 I20.0(> 10.000 45,000 12.000) 19,683 40,000 150,000) 80,000 10,000 45,01]0 25,000 25,000 891,860 252,108 2,510 1,146,478 Restrlcted funds Buy the Bullding fund All About Food fund Capltal Grant Programme for 2 Year Olds fund Mlnibus fund All Together fund Older People Day Trips fund Buildlng Extenslon fund Powering Up fund Resllient Communltle5 fund Equlpment and Refurblshment fund 246,757 io 11,6621 245,095 iioi 20,700 14,277 4,261 2,500 300,000 3,200 lo,0 110,8001 113,6201 11,2161 9,900 657 3,045 12,5001 594,286 13,2001 iio,0001 65,304 894,286 65,304 601,705 619,092 1218,287 TOTAL FUNDS 1,493.565 871,200 2,364.765 Page 37 contlnued...
ST ALBANS COMMUNifi ASSOCIATION NOTES TO ThE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH Z025 22. MOVEMENT IN FUNDS- continued A current year 12 months and prlor year 12 months combined net movement In funds. Included in the above are as follows: Incomlng resource5 Resources expended Movement In fund5 Unrestrlrted funds General fund 1,871,080 11,618,972) 252,108 Restrkted funds Buy the Building fund Volunteer Co-ordlnator fund Capltal Grant Programme for 2 Year Olds fund Mlnlbu5 fund All Together fund Bulldin8 Extenslon fund Mlnlbus Salary fund UtllStles fund Improvlng Uves fund Powerlng Up fund Reslllent Communltles fund Dl81-Able Project fund Social Investment Buslness - Reach fund Sandwell UKSPF Project fund C05t of Llvlng fund Actlvlty Ccpordlnator fund Know Your Nelghbourhood fund Welcomlngspaces fund Motor Vehlcle Securlty fund WDH Sandwell fund Anticlpatory Care fund Equlpment and Refurblshment fund 11,6621 128,8251 (1,6621 28,825 110,800) {14,9311 {1,2161 15,2071 110,0841 11.0001 {68,6501 13,2001 {io,0001 14,628} 12,8001 162,8721 148,7501 (11,8041 122,000) {7.500} {1,2001 111,7501 14,7001 12.6961 110,8001 (13.6201 {1.2161 594.286 1,311 599,493 10,084 I,(K)O 68,650 13,200) {io,0001 4,628 2,8LKi 62,872 48,750 11,804 22,000 7,$00 1,2Tr) 11,750 4.700 68,000 65,304 955,367 336,2751 619.092 TOTAL FUNDS 2,826,447 {1.955,2471 871,200 Purpose of Unrestrlcted Funds General fund Thls fund represents the free funds of the charity that are not designated for particular purposes. Purpose of Designated Funds Ca eserve fund Thi5 fund represents an amount set aside as a contingency to cover the costs of any largelunexpected capitsl expenditure Pro Malntenanee fund This fund represent an amount set aside as a contlngency to cover the costs of any major repair5 or Improvements required at the As50ciation'5 premises. Redundanc fund This designated fund represents the approxlmate costs of redundancy if the A550ciatlon, for whatever reason, is unable to contlnue operatlng. Page 38 continued...
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - cont5nued FOR THE YEAR ENDED 31 MARCH 2025 22. MOVEMENT IN FUNDS- contlnued Roof re lacement fund Thls fund represents an amount set aside to cover the potentlal cost5 of replacin8 the roof of the Association's prem15es. Extenslon fund This fund represents an amount set aside as a contributlon towards the planned extenslon of the Assoclatlon's premlses In order to enhance the Associatlon'5 senilce provis10n. B Ildl Refurbishment fund Th15 fund repre5ent5 an amount set aslde to upgrade and update Capltal Items at the Assoclation's premlses such as computers, desks. telephones and photocopiers whlch are planned to be located In rooms In the Assoclatlon's planned bulldlng extension. Inlbus fun This fund represents an arnount set aslde to cover the cost of any potential purchase of mlnlbuses whlch the Assoclatlon mlght undertake. Van fun Thls fund represents an amount set aslde to cover the cost of any potentlal purchase of a van whlch the Assoclatlon rnlght undertake. Furnltur Thls fund represent5 an amount set aslde to cover the costs of any potentlal purchase of furnlture whlch the Assoclatlon might undertake. 00150ft P Re lacement und This fund represent5 an amount set aslde to cover the c05t of any potentlal pre-schoo5 soft play replacement costs whlch the As50clatlon mlght Incur. Purpose of Restrlrted Funds 8u he Bulldln Fundlng obtalned by the A5soclatlon to enable the A5SOCiatlon to establlsh a fund to buy the Associatlon's premlses. 11 About 00 und Fundlng recelved by the Associatlon from the Bl8 Lottery Fund's Awards for All programme to enable the Assoclatlon to upgrade kltchen equlpment. Thls fund was fully expended a5 at 31 March 2024. Ca Ital Grant Pro me for 2 Years Olds fun Funding obtained by the Assoclation to enable the AssDciatlon to refurblsh and Improve the A550¢iatlon's pre-school settlng to enable It to expand its provislon for 2 year old children. Minlbus fund Funding obtalned by the Association to enable the Assoclation to purchase a mSnlbus. All To ether fund Fundlng obtained by the Association to enable the Associatlon to purchase easy chair5 for day care cllents and to help finance tralning for staff who are supporting people living wlth dementla, Older Peo leDa Tri s fund Funding obtalned by the Association to enable the Assoclation to provide day trlps for older people. Page 39 continued.
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT114 FUNDS- contlnued Bulldln Extenslon fund Fundlng obtalned by the Assoclatlon to enable the Assoclatlon to fund the reconflguratlon, renovatlon and extenslon of the Assoclatlon's premlses. nl Funding obtained by the Associatlon to help fund the salary of a mlnlbus drlver employed by the Assoclation. Thls fund was fully expended as at 31 March 2024. Utllltle5 fund Funding obtained by the As50clation to help flnance the Assoclatlon's118htlng and heatlng expenses. Thls fund was fully expended as at 31 March 2024, rovln Lives fund Funding obtalned by the Assoclatlon to help fund the salary of an advlce worker employed by the Assoclatlon. Powerin Funding obtalned by the Assoclatlon to help flnance the development of the Assoclatlon'5 database software. Thls fund wa5 fully expended as at 31 March 2024. Reslllent Communltle5 fun Fundlng obtalned by the Assoclatlon to help flnance energy efflclency Improvements at the Assoclatlon'5 premi5e5. This fund was fully expended as at 31 March 2024. Volunteer Co-ordinator fund Fundln8 obtalned by the Assoclatlon to provlde a volunteer pro8ramme whlch offers opportunltles for local people wlth a vlew to Improvlng skllls and confldence, Increase employment opportunltles and also encourage people to contrlbute to thelr local communlty. Thls fund was fully expended as at 31 March 2024. DI l-Able Pro ert fund Fundlng obtained by the Assoclatlon to help resldents In Sandwell 8aln experlence wlth onllne servlces. Thls fund was fully expended as at 31 March 2024. PF Pro ect A New Start fund Fundin8 obtained by the Association to hep enable soaally isolated resldents In 5andwell by providing volunteer opportunities. Cost of Llvin fun Fundin8 obtained by the Association to help continue and also expand the A55oclatlon's current level of servlce5 to help meet Increaslng levels of demand. This fund was fully expended as at 31 March 2024. Attivi COrdInatOrfUnd Funding obtalned by the Assoclatlon to establlsh the post of an actlvltles co-ordlnator. Page 40 contlnued...
ST ALBANS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR E140ED 31 MARCH 2025 22. MOVEMENT IN FUNDS- contlnued Know Your Nei hbourhood fund Funding obtained by the Assoclation to e5tsblish the p05t of a volunteer co-ordinator in order to expand the Dlgl-comm programme into new communlty and resldentlal settings. Thi5 fund was fully expended as at 31 March 2024. Welcomln aces fund Funding obtained by the Associatlon to enable resldents In Sandwell to engage wlth the Intemet In order to engage wlth local servlces and the wider community Including family and friends. Motor V hicle Securl fun Fundlng obtslned by the Assoclatlon to Improve the securlty of A550clation's motor vehlcles. WDH Sandwell fund Funding obtained by the A550clatlon to enable the Assoclation to provlde 5UPPOrt for d15advantaged famllles and those people who have been prevlou51y underser4ed by servlces In Sandwell by addressing factors such as education and employabillty, welfare rSghts, access to 8reen Space and Interventlons that promote soclal coheslon and communlty. Antlcl ato Care fund Fundlng obtalned by the A550clatlon to enable the As50clatlon to promote proactlve healthcare and support targeted at people of all age5 Ilvlng wlth frallty, multlple long-term condltlon5 andlor complex needs to help them stay Independent and healthy for as long as p0551ble at home, In the place they call home or In thelr local communltv. ment and Refurb shment fund Fundlng obtalned by the A550ciatlon to enable the Assoclatlon to purchase new equlpment such as 5ecurlty and other equlpment. TRANSFERS BETWEEN FUNDS Transfers between fund5 as at 31 March 2025 represent movement5 between the A550clatlon's General fund and the Assoclation's deslgnated funds and movements between the Assoclatlon's General fund and certaln Indlvldual restrl¢ted funds. 23. RELATED PARTY DISCLOSURES Care Compllance Consultanry Llmlted R D Darlington, a trustee of the Assoclatlon, also 5erve5 as a dlrector of Care Cornpllance Consultancy Limlted, a company reglstered In England and Wale5 (company number 073472071. During the year ended 31 March 2025 St Albans Community A550clation purchased goods and serv15 totalllng £32012024: £nlll from Care Compliance Con5ultsncy Llmlted. As at 31 March 2025 St Albans Communlty Assoclatlon owed £nll {2024: £nlll to Care Compllance Consultancy Llmited. The Dorothy Parkes Centre R Bruce, a trustee of the Association. also serves as a member of senior rnanagement at The Dorothy Parkes Centre, a charity incorporated in England and Wales (company number D4088772. charlty number 10931891. During the year ended 31 March 2025 St Alban5 Cornmunity Associatlon purchased servlces totalllng £37,026 12024.. £49,903) from The Dorothy Parkes Centre. Page 41 continued...
ST ALBANS COMMUNITY A550CIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 RELATEO PARTY DISCLOSURES- continued As at 31 March 2025 5t Alban5 Community Assoclatlon owed £nil12024: £12,134) to The Dorothy Parkes Centre. Sandwell Communlty Hubs R Bruce, a trustee of the A$50clation, and T Flannagan, the Associatlon's chlef executive officer, a150 serve as trustees of Sandwell Community Hubs, a charltable Incorporated organisation registered In England and Wales {charity number 11695271. undln re¢elved from Sandwell Communl Hubs Durln8 the year ended 31 March 2024 the Associatlon recelved grant Income totalllng £nil {2024: £28,000) from Sandwell Communlty Hubs. Sandwell Communlty Informatlon and Partlclpatlon Servlce ISCIPSI A Docker, who was appolnted a trustee of the Assoclatlon on 23 July 2023, also serves as a trustee of Sandwell Communlty and Informatlon and Partlclpatlon Servlce (SCIPS), a charlty incorporated In England and Wales (company number 03071683, charlty number 10977021. Fundln recelved from SCIPS Durln8 the year ended 31 March 2025 the Assoclatlon recelved the followln8 grant Income from SCIPS. Year Ended 31 March 202S Perlod 23.07.2023 to 31.03.2024 la) Dlgicomm Project {bl Know Your Nelghbourhood restrltted fund (cl Welcomlng Spaces restrlrted fund 46,582 31,200 15,147 1,250 6.250 52.832 47,597 24. OPERATING LEASE COMMITMENTS At 31 March 2025 the Assoclatlon had outstandlnB commltments for future mlnlrnum lease payments under non-rancellable operatln8 leases whlch fall due as follows. Z025 2024 Wlthln one year Between two and flve year5 In more than flve years 4,405 5.139 3,709 9,544 3,709 ULTIMATÉ CONTROLLING PARTY The charlty Is controlled by the trustees as11sted in the Report of the Trustee5. Page 42