Charty registration number.. 1123287 Bollington Community Association Unaudited Financial Statements for the Year Ended 31 March 2024 Bright Partnership Limited 1 Park Street Macclesfield Cheshire SK116SR
Bollington Community Association Contents (continued) Trustees, Report 1to6 Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Financial Statements 10t015 Detailed Statement of Financial Adivities 16
Bollington Community Association Trustees. Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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} (effective 1 January 2019). Objectives and activities Object and aims 1. The objectives of the CIO are: (a) to promote the benefrt of the inhabitsnts of Bollington and surroundings (the area of benefit) without distinction of sex, race, religious belief, colour or political opinions. This will be achieved by associating together and with local authorities and voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of social welfare for recrealion and leisure time occupation with the objective of improving the conditions of life for inhabitants of the area of benefit. (b) to maintain and manage a community centre, alone or in co-operation with the local authority or other organizations, to further the objectives. 2. Our Vision and Purpose are.. Our Vision A welcoming and friendly communty centre where all are respected, valued and supported. Our Purpose -we are a local, independent charity playing an active role at the heart of the Bollington Community and are open to everyone. We aim to enhance quality of life through fostering a caring and supportive environment, identifying and bridging gaps in social need and providing a wealth of opportunities through facilities and resources. 3. Who we are The operating name of Bollington Community Association is 'The Bridgend Centre.. We have a staff team of 10, comprising a full time Centre Manager, a deputy Centre Manager, five part time Community Workers (two of whom are on zero-hours contracts), one eBay Co-ordinator, a Buddies Co-ordinator, a Charity Shop Worker and a Cleaner. Total FTE is four, plus hours worked by zero hours, Community Wotl(ers. We operate OLrt of the Bridgend Centre at 104 Palmerston Street. Bollington, Cheshire, SK10 5PW. We are governed by a Board of Trustees who have considerable management experience, together with the commercial skills to further develop the charity and take it foard. The Trustees have skills and experience in people management, finance, banking, engineering, IT, project management, business management, strategy and education. Page 1
Bollington Community Association Trustees. Report {continued) We have approximately 100 wonderful volunteers who work in a range of roles in the charty shop, on eBay, in our community kitchen, leading walks and organising events 4. Who we support The Bridgend Centre is open to everyone regardless of age, geographic81 location, race, religion or disability. We do provide additional specialist services to older people and those with mental health disabilities. 5. Our services We provide a range of eady intervention activities, primarily focussed on helping people to improve their mental health with a view to reducing the need for more complex support from statutory services when people hit crisis point. Our activities include: Community drop-in kitchen our drop-in kitchen is the heart" of the Centre where people come together to have a hot drink, a friendly chat and to interact with others. We have a modern kitchen facility, which is staffed Monday to Friday 10'.00am 4.'OOpm and Saturdays 10'.00am to 1:00pm. Visiting us provides some people with their only experience of social contact throughout the week. Support services - we have five trained community support workers available during opening hours to spend time with people and to provide a 'listening ear,. Our workers assess needs or vulnerabilities and provide support or advice, very often in times of crisis. Feedback shows that people in difficult situations benefit from regular, consistent and friendly contact with the Centre. Areas of support cover divorce, bereavement, the stress of being a carer. illness, eviction, homelessness, poverty and deprivation, addiction and dealing with a diagnosis of a physical or mental health condition. Infomiation se1$ we provide information on a wide range of subjects such as benefits, social housing, carers, support, medical services plus much more in a variety of formats to suit individual needs. Most of our older people are not IT If(erate and have no access to broadband I computers. Charity Shop we have a good-sized charity shop, stocking a wide range of pre-loved clothes, household goods, CDS, books, DVDS, toys and furniture. The shop is a valuable and busy hub for our community, providing opportunities to socialise as well as a good place to pick up a bargain or twol Heatth and educational activities we offer creative writing, art, crafts, Mah Jong, Bridgend choir, Spanish, Reading Circle, social groups and walking groups. We also run a Talk & Games project for older people and those with dementia and memory issues which also goes out for regular day trips on a local community bus. 199 people attended 396 sessions over the twelve-month period. We also a new group 'A Brew with the Guys,, which is a male focussed social group and has proved very popular. We also have an armchair dancing class to encourage movement and social interaction. Page 2
Bollington Community Association Trustees. Report (continued) Guided walks we run a programme of very popular volunteer led walks throughout the year of varying lengths and difficulty rating. The walks provide opportunities to meet new people whilst keeping healthy. We are also heavily involved in the organisation of the Bollington Walking Festival which takes place each Autumn. In total, we ran 109 walks this year. Volunteering opportunities volunteers play a vital role at The Bridgend Centre and they carry out a number of important key roles- helping in the charity shop and community kitchen, IT tutoring, gardening and carpentry. Our volunteers help us to carry out lots of vital management and maintenance work in the Centre and in return volunteering gives them a purpose, a place to socialise and valuable work experience. Bridgend Buddies our befriending initiative matches up socially isolated and vulnerable people with a trusted volunteer 'befriender'. The befrienders visit participants in their own home andlor bring them to the Bridgend Centre and take them to the shops, café etc. Monitoring= It is really important to us that we deliver services to a high standard. We use a database to record the details of all of our outputs and outcomes. It provides both quantitative and qualitative data in relation to our seNices, our attendees, our demographics, our outcomes and our impact. Additionally, we regularly consult with the community (via surveys and fomal l infomial discussions) to gather new ideas and suggestions to help us to shape new and existing services. Outputs: We continue to have high attendance levels at the Centre, with 997 people using the Centre on 10,698 occasions in the period 1st April 2023 to 31st March 2024. During the period 1st April 2023 to 31st March 2024.. 997 people registered for the 'Drop-In' facility and used it 10,698 times. Many of these people visited regularly, at least to three times per week. This is a service that people can attend at any time during our opening hours. 174 different people attended 109 walks during the year1935 attendances). 109 people accessed some form of information. 199 individuals attended 396 activity and education sessions including Community choir, reading group, Spanish, craft group, Talk and Games and Mah Jong (2,788 attendances). A total of 104 ple volunteered at least once during the year,. approximately 50 volunteered on a weekly basis and a similar number again were available for one-off events and projects when required. Volunteers worked for the Bridgend Centre for 4,968 hours during the year. The average footfall per day last year was 86 adults per day coming into the Centre, which is an increase of 10% on the previous year. This figure does not include children. Page 3
Bollington Community Association Trustees. Report (continued) Social Accounting In a recent survey in May 2024 that we carried out both online (through a fom on our website) and on paper, we asked people to rate how they felt after using our Centre. 104 people responded and the results were as follows.. 970/0 said they feel less isolated when they Come to the Bridgend Centre 920/0 said there is someone to talk to at the Bridgend Centre 78 % said they have made friends at the Bridgend Centre 850/0 said they feel like they are a valued member of the local communty and that they make a contribution when they come to the Bridgend Centre 800/0 said that their physical and mental health has improved as a resutt of coming to the Bridgend Centre 99 % said they enjoy visiting the Bridgend Centre These fantastic statistics were reinforced by lovely anecdotal comments from people about how the Bridgend Centre has made a positive impact on their lrfe. A few examples are.. 'Coming to the Bridgend has been a help in me getting out and meeting others. .1 enjoy the Talk and Games group, a really happy afternoon. 'Love the walking group, great leadersl Have made new friends, improved my fitness. 'Love coming here - the light of my week" 'This is an amazing community hub. The staff always have a friendly smile and time to chat. Bollington is very lucky to have the Bridgend Centre. Have been coming for years and will continue to do so.. Financial review -The Statement of Financial Activities ("SOFA") for the year ended 31 March 2024 is shown on page 8. This was another challenging year financially for the charity. We ended the year with a trading surplus of £50 (2023.. deficit of £14,229). Income.. Our total income was £227,783 (2023.. £225,105). Income from our charty shop was £116,119 (2023: £117,945}, which is a very healthy income, given the limitations imposed on us as detailed in page 1 above. Fundraising activities contributed £6,540 (2023.. £11,347). Expenditure= Expenditure was £227,713 (2023.. £239,334). The main expenditure was staff costs of £140,884 {2023'. £138,225). End of year position.. The Charity had a cash inflow of £5,078 (2023.. cash outflow £12,141), with cash at the end of the year of £82,581 (2023.. £77,503). Net current assets were £92,639 (2023.. £90,379) at the year end. Page 4
Bollington Community Association Trustees. Report (continued) Reserve policy Charity's reserve levels are routinely reviewed by the Trustees in order to ensure that it has sufficient funds to cover unknown liabilities and contingencies, absorb setbacks and take advantage of change and opportunity. In doing so, they consider both previous actual and future projected levels of income and expenditure. It has established a policy whereby liquid reserves, not committed or invested in tangible fixed assets, held by the Charity should be a minimum of 3 months of running costs. Based on the expenditure for the financial year 2023124, this amounts to £51,000. In addition, Trustees consider it prudent to set aside £8,866 to ensure any liabilities on restricted funding" can be met. Within our loan agreemenl with Charity Bank is a covenant requiring us to maintain minimum cash balances of £30,000- this is included in the total funds detailed above STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document and constitutes a Charitable Incorporated Organisation (CIO). Charity constitution The CIO is controlled by a Constitution of a Charitable Incorpofated Organisation whose only voting members are rts Trustees. Our registered name is Bollington Community Association CIO, but our operating name is the Bridgend Centre. Related parties Related parties During the period covered by this report the charity has not undertaken any 4ransactions with related parties. Risk management The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Page 5
Bollington Community Association Trustees. Report (continued) Reference and Administrative Details Charity Registration Number.. 1123287 Principal Office.. The Bridgend Centre 104 Palmerston Street Macclesfield Cheshire SK10 5PW Independent Examiner.. Bright Partnership Limited 1 Park Street Macclesfield Cheshire SK116SR Trustees and officers The trustees and officers serving during the year and since the year end were as follows.. TNstees: Ms J Maitland MsMLCCox Ms A Leah B J Matthews Ms S P Brocklehurst {resigned 22 July 2024) G W Brown The annual report was approved by the trustees of the charity on 12 September 2024 and signed on its behalf by= G W Brown Trustee Page 6
Bollington Community Association Independent Examiner's Report to the trustees of Bollington Community Association I report to the trustees on my examination of the accounts of Bollington Community Association for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of Bollington Community Association you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act'>. I report in respect of my examination of the Bollington Community Association's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5}(b) of the Act. Independent examiner's statement I have completed my examination. I confinn that no material 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 Bollington Community Association as required by section 130 of the Act; or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Mr. Neil Kennington FCA For and on behalf of Bright Partnership Limited Chartered Accountants 1 Park Street Macclesfield Cheshire SK116SR 12 September 2024 Page 7
Bollington Community Association Statement of Financial Activities for the Year Ended 31 March 2024 Unrestricted funds Restricted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 59,170 11,710 128,628 285 27,970 87,140 11,710 128,628 285 80,944 9,580 134,425 156 Total income 199,793 27,970 227,763 225,105 Expenditure on: Raising funds Charitable activities Other expenditure Total expenditure Net incomel{expenditure) Gross transfers beeen funds (22,882) (41.571) (127,868 11,003) (10,997) (23,392 (23,885) (52,568} {151,260) {227,713 (24,950) (61,798) 152,586) 239,334 192,321) {35,392 7,472 {7,422) 50 (14,229) {6,514 6,514 Net movement in funds 958 {908) 50 (14,229) Reconciliation of funds Total funds brought forward Total funds carried forward 12 318,907 9,774 328,681 342,910 319,865 8,866 328,731 328,681 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 12. The notes on pages 10 to 15 form an integral part of these financial statements. Page 8
Bollington Community Association (Registration number: 1123287) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets Current assets Stocks Debtors Cash at bank and in hand 390,199 397,225 20,500 2,866 82,581 105,947 19,499 3,326 77,503 100,328 Creditors: Amounts falling due within one year Net current assets 13,308 9,949) 92,639 90,379 Total assets less Current liabilitles 482,838 487,604 Creditors: Amounts falling due after more than one year 10 Net assets 154,107) 328,731 (158,923} 328,681 Funds of the charity: Restrlcted income funds Restricted funds 8,866 9,774 Unrestricted income funds -unrestricted funds 319.865 318,907 Total funds 12 328,731 328,681 The financial statements on pages 8 to 15 were approved by the trustees, and authorised for issue on 12 September 2024 and signed on their behalf by.. G W Brown Trustee The notes on pages 10 to 15 form an integral part of these financial statements. Page 9
Bollington Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 1 Accounting policies Basis of preparing of flnancial statement The financial statements of the charity, which is a public benefrt entity under FRS 102, have been prepared in accordance with the Charrties SORP {FRS 102) '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 IFRS 102) (effective 1 January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard the historical cost convention Income and endowments All income is recognised in the Statement of Financial Activities once the charty has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as the is a legal or Constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruaSs basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The Charity is exempt from tax on its charitable activities. Tangible Fixed assets Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset class Freehold property Fixture and fitting Depreciation method and rate in accordance with property at varying rate on cost Stock Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Page 10
Bollington Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the obje¢tives of the ¢harity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or PUfPOSe. 2 Other trading activities Total 2024 Total 2023 Trading income., Fundraising events Shop income Trading income 6,540 116,119 5,969 11,347 117,945 5,133 128,628 134,425 3 Investment 5ncome Total 2024 Total 2023 Deposit account interest 285 156 4 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 5 Staff costs The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows= 2024 2023 No Average number of employees Page 11
Bollington Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 6 Tangible fixed assets Land and buildings Furniture and equipment Total Cost At 1 April 2023 421,979 5,687 427,666 At 31 March 2024 421.979 5,687 427,666 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 26,749 6,650 3,692 376 30,441 7,026 33,399 4,068 37,467 Net book value At 31 March 2024 388,580 1,619 390,199 At 31 March 2023 395,230 1,995 397,225 7 Stock 2024 2023 Stocks 20,500 19,499 8 Debtors 2024 2023 Prepayments VAT recoverable 2,866 2,525 801 2,866 3,326 9 Creditors: amounts falling due within one year 2024 2023 Bank loans Trade creditors Other taxation and social security other creditors VAT Payable 4,816 3,546 1,618 2,978 350 4,678 2,147 1,243 1,881 13,308 9,949 Page 12
Bollington Community Association Notes to the Financial Ststements for the Year Ended 31 March 2024 (continued) 10 Creditors: amounts falling due after one year 2024 2023 Bank loans 154,107 158,923 Creditors amounts falling due after more than one year includes the following liabilities, on which securrty has been given by the charty.. 11 Loans An analysis of the maturity of loans is given below.. 2024 2023 Wtthin one year In one to two years In two to five years In over five years {4,816) {5,087) {17,064) (131,956) (158,923 {4,678) {4,816} (16.109} (137,998 163,601) Secured Debts The following secured debts are included within creditors.. Bank loans at 31st March 2024 £158,923 {2023 £163,601) There is a loan with Bollington Town Council for 20 years and is secured on the property. The Mortgage is with The Charity Bank for 25 years and is also secured on the propety. 12 Funds Balance at 1 April 2023 Balance at 31 March 2024 Incoming Resources resources expended Transfers Unrestricted funds General 318,907 199,793 (192,321) 35,392 {6,514) 6,514 319,865 Restricted funds 9.774 27,970 8,886 Total funds 328,681 227,783 (227,713) 328,731 Page13
Bollington Community Association Notes to the Financial Ststements for the Year Ended 31 March 2024 (continued) Balance at 1 April 2023 Balance at 31 March 2024 Incoming resources Resources expended Transfers Unrestricted funds General General Fund 318,907 199,793 {192,321) (6,514) 319,865 Restricted funds Bridgend Buddies Isolation and Dementia Services Education R¢)om Workshop & Woodcraft Guided Walks Tree Trails & Walking Festival Project Reminiscence, Talks & Games Isolation & Dementia Newsletter Automatic Door IT Infrastructure IT Tutor Men's Social Office Conversion Building Maintenance Contemplation Garden Amchair Dancing Drop in & Support Shuttle to the Shops 716 4,500 {3,266) 1,950 150 272 150 {900) (1,847) (175) 628 3,745 1,898 175 454 (124) 330 4,356 (2,242) 2,114 2,800 (2,290) 510 414 414 817 600 760 513 250 472 (859) (728> (844) (479} 42 128 756 250 405 (67) (910) (16,716) 3,945 (35,392 910 4,631 12,085 55 9.774 27,970 6,514 8,866 Total funds 328,681 227,763 227,713 328,731 Page 14
Bollington Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Balance at l April 2022 Balance at 31 March 2023 Incoming resources Resources expended Transfers Unrestricted funds General General Funds 317,733 207,863 (202,833) (3,856) 318.907 Restricted funds Bridgend Buddies Isolation and Dementia Services Education Room Workshop & Woodcraft Guided Walks Tree Trails & Walking Festival Project Reminiscence, Talks & Games Isolation & Dementia Newsletter Automatic Door Art IT Infrastructure IT Tutor Men's Social Office Conversion Building Maintenance Contemplation Garden 11,388 (10,672) 716 150 272 1,917 140 150 272 (3,917) (534) 2,000 394 2,338 1,141 (3,025) 454 6,893 (2,537) 4,356 2,250 4,000 (3,134) {5.586) {657) (984} 2,000 79 414 578 1,801 600 1,000 2,000 250 817 600 760 513 250 472 (240) (1,487) 3,728 25,177 17,242 (36,501) 3,856 9,774 Total funds 342,910 225,105 239,334) 328,681 13 Related party transactions There were no related paty transactions in the ended 31 March 2024 Page 15
Bollington Community Association Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Donations and legacies Donations and Gift aid Grants 24,670 62,470 17,952 62,992 80,944 87,140 Charitable activitles Activities income 11.710 9,580 11,710 9,580 Other trading activities Shop income Trading income Fundraising events 116,119 5,989 6,540 117,945 5,133 11,347 134,425 128,628 Investment income Income from othef investments 285 156 285 156 Raising funds Other trading activities {23,885 (23,885 (24,950) (24,950) Charitable activities Activities Project expenses Accommodation costs offi costs Sundries Advertising Freehold property Fixture and fitting {4,995) (10,459) (15,994) {12,715) (147) (1,232) (6,650) 376 (3,828) {19,320) {14,220) (15,542> (305) {1,940) {6,250} 393 52,568 61,798 Other expenditure Staff costs Grant repaid Bank interest Bank Charges (140,884) (138,225) {6,998) (7,177) (186 (152,586) (10,217) (159) 151,260 This page does not form part of the statutory financial statements. Page 16