Charlty reglstralion number 1123287 (England and Wales) BOLLINGTON COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BOLLINGTON COMMUNITY ASSOCIATION LEGALAND ADMINISTRATIVE INFORMATION Trustees J Maitl8nd A Leah Lccox B J Matthews Mr G W Brown Charity number {England and Wales) 1123287 Principal address The Bridgend Centre 104 Palmerston Slreet Bollington Cheshire SK10 5PW Independent examlner J C Bostock ACA Josolyne LLP Merchant Exchange Waters Green Macclesfield Cheshire SK11 6JX
BOLLINGTON COMMUNITY ASSOCIATION CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Statement of financial position Notes lo the financial statements 9-17
BOLLINGTON COMMUNITY ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounling policies set out in note 1 to the financial statements and comply with the CIO'S governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Pccounting 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)" Objectives and activities 1. The objectives of the CIO are= (a) to promote the benefil of the inhabilants 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 organisalions in a common effort lo advance education and to provide facilities in the interest of social welfare for recreation and leisure time occupation with the objective of improving Ihe conditions of life for inhabitants of the area of benefit. Ib) to maintain and manage a community centre, alone or in co-operation with the local authority or other organisations, to further the objectives. 2. Our Vision and Purpose are.. Our Vision Awelcoming and friendly community centre whère all are respect8d, valued and supported. Our Purpose We are a local, independent charity playing an active role al 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 opportunilies through facililies and resources. 3. Who we are The operating name of Bollington CommunityAssociation is 'The Bridgend Centre.. We have a staff team of 10. comprising a full time Chief Officer, an Operations Manager, five part time Community Workers, one eBay c0-ordnatOr and Buddies Co-ordinator, a Charity Shop Worker and a Cleaner. Total FTE is 5. We operate out 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 forward. The Trustees have skills and experience in people management, finance, banking, engineering, IT, project management, business management. strategy and education. We have approximately 100 wonderful volunteers who work in a range of roles in the charity shop. on eBay, in our community kitchen, leading walks and organising events. Some work at the Bridgend Centre every week and some work on a more ad-hoc basis. Our volunteers worked a total of 5,775 hours for us during this year (April 2024 March 20251. 4. Who we support The Bridgend Centre is open to everyone regardless of sex, age, geographical location, race, religious beliefs, political opinion or disability. We also provide additional specialist seNices for older people and those with mental health disabilities.
BOLLINGTON COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 5. Our services We provide a range of early intervention services and activities, primarily focussed on helping people to improve Iheir physical and mental health with a view to reducing the need for more complex support from statutory services when people hit crisis point. We are in an accessible place, on the main road through Bollington, within 50 metres of bus stop. We believe in a holistic approach. whereby people with physical and mental health disabilities or illnesses can integrate with people of all ages and abilities. We meet the needs of people by delivering the following services in Ihe heart of the community: Drop-in and support service - Provides an inclusive, comfortable place where people can socialise and interact. We have five trained Community Workers, at least iwo of whom are available at any one time during opening hours to spend quality lime with people 2nd to provide a 'listening ear,. Visiting us provide5 some people with their only experience of social contact during the week. Individuals and groups from local charities for people with leaming disabilities visit us every week as it is a safe Spa for them to socialise, enjoy a drink and some retail therapy independently. Supporuinformation services - Help with issues such as addiction, bereavement, divorce, eviction, homelessness, poverty, and support with the diagnosis of a physical or mental health condition. We provide information on subjects including benefits, social housing. carers support, medical services, and we signpost people lo specialist services when required. Many of the older people attending our Centre are not IT literate and do not have access to broadbandlcomputers so are not able to access information themselves. A range of Health, Educational and Social groups These include Spanish, craft group, Mah Jong, a community choir, and walking groups. We run an extremely popular Talk and Games group every week for older people and those with dementia and memory issues. It has activitie5, speakers and trips out on the local community bus. In 2023 we recognised a gap in our seNioe provision for men, as attendance in our groups of males was lower than for women. Alongside this we had also received information from health professionals about the prevalence of depression, anxiety and suicide in men in our area. After carying out numerous consultations, we formed a 'male- focussed, social group called 'Brew with the Guys,. aimed at people who identity as male. This has proved very popular and attendance figures are steadily increasing. Guided Walks Throughout the year. these walks provide opportunities to meet new people whilsl keeping fit and healthy and there are various lengths and difficulty levels catering for the needs of a range of abilities and health conditions. Volunleering opportunities - These provide people with a purpose. a place to socialise, form friendships and gain valuable work experience in roles as varied as working in the charity shop, leading walks and making wooden ilems in our workshop. Mo" -l of our volunteers are aged over 50, however we do also have several younger pwple who volunteer. particularly over the summer monlhs. We ensure our volunteering service is open to all and we adjust to enable people who have physical disabilities. mental health conditions, learning disabilities andlor are neuro-diverse to volunteer by providing a gafe and accessible space with relevant support from our leam of Community Workers. Several people from local learning disability charities such as The Rossendale Trust and Seashell Trust have volunteered for us on work placements and gained valuable skills and experience. Charity shop - As well as raising over half of the organisation's annual income, the shop also plays a valuable Social role for our community. The shop provides a supportive environment for those with disabilities and who might otherwise feel vulnerable in a more regular shopping environment. It is also a source of affordable items for people to buy, including clothing and homewares, which is invaluable in these times of high inflation and rising costs. The shop is Ihe main source of recyding second-hand goods in Bollington and is a great way to encourage re-using and recycling iloms.
BOLLINGTON COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Workshop - In which a team of volunteers make hand-crafted items to sell in our shop or bespoke customer orders. They are also our 'maintenance team, and carry out small repairs on the fixtures and fittings of the building. We have also received funding from the local CO-OP to run structured woodwork classes with a qualified woodcraft teacher, making items such as sholves, planters and trugs, so everyone, even total beginners. can learn woodwork skills. Shuttle to the Shops - A fortnighlly bus trip to local shopping destinations which enables people to go shopping independently. 6. Impact ofour work It is 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 servicei our attendees. our demographics, our oulcomes and OLJr impact. Additionally, we regularly consult with the community (via surveys and formal l informal discussions} to gather new ideas and suggestions to help us to shape new and existing services. We use a database to record who comes inlo ovr Centre and what services they use. This gives us accurate data on the outputs of our charity and how many people we reach. 7. Working in Partnership The Bridgend Centre maintains positive connections and relationships with external groups, as we believe this is vital to allow it to thrive. Our Chief Officer is a VCFSE representative for the local Care Community. BDP (Bollington, Disley and Poynton}. The Care Community is made up of a team of local professionals who work in different services and organisations in the communily {including GP Practi$) and meet regularly to discuss areas of health and how lo improve health outcomes. It has proved invaluable by allowing our sector to have a voice with local health services and helpin9 to identify what local needs are, at a grassroots level. Using our knowledge of what is happening al a local level, we have contributed to identify needs in several areas, including mental health, suicide awareness, menopause, men's health, dementia, respiratory and cardiology iSSLAes. It has also allowed us to strengthen existing relationships with many health professionals. such as the local area co-ordinators. social prescribers and seNice managers. We receive referrals from partner local medical centres, GPS and Nurse Practilioners, particularly in relation to people who are experiencing crisis. We also have close working links with external organisations, such as local care homes (Care UK, Capilal Care Group and Minster Care Group), Peaks and Plains Housing Trust, Cheshire East Mental Health Reablement Team and the Age UK Joining Forces Project. Achievements and perforniance The figures below are for the period from 1 sl April 2024 to 31 st March 2025.. 1.117 people registered for the 'Drop-in' facility and used it 12,251 times. Many of these people visited regularly, at least t0 to three times per week and some every day. This is a service that people can attend at any time during our opening hours. 198 different people attended 102 walks during the year. 140 people accessed some form of emotional or practical support from one of our Community Workers on at least one occasion, some many times. 158 people accessed some form of infomiation. 226 individuals attended 493 activity and education sessions including Community choir, reading group, Spanish, craft group. Talk and Games and Mah Jong. A total of 110 people 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 5.775 hours during the year. The average footfall per day during that year was 95 adults coming into the Centre, which is an ireaSe of 100/0 on the previous year. This figure does not include children.
BOLLINGTON COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In a rent survey in May 2025 that we carried out both online (through a form on our website) and on paper, we asked people to rate how they felt after using our Centre. The results were as follows- 840/0 said they feel less isolated when they come to the Bridgend Centre 76 /0 said there is someone to talk to at the Bridgend Centre 88 % said they have made friends at the Bridgend Centre 92 /0 said they feel like they are a valued member of the local community and that they make a contribution when they come to the Bridgend Centre 88 % said that their physical and mentsl health has improved as a result of coming to the Bridgend Centre 100 /0 said they enjoy visiting the Bridgend Cenlre These fantastic statistics were reinforced by lovely anecdotal comments from people about how the Bridgend Centre has made a positive impact on their life. Afew examples are- "I wanted to thank you for your help and support after I had been cyber-sGammed. I feel so much better and haven't cried since. "Thank you for making my year that bit better. "I love the enveloping atmosphere. everyone goes out of their way to be helpful. Kindness is a free commodity and it's here in spades, along with the bargains!. "Outstanding community spirit where all are welcome. Bridgend provides a safe haven for lonely people who feel valued and inspires mental health! Caring. passionate slaff, "I think that everything the Brid9end Centre does is very valuable to the Bollington communily. Financial review The Statement of Financial Activities ("SOFA"I for the year ended 31 March 2025 is shown on page 7. This was anolher challenging year financially for the charity. However, we ended the year with a trading surplus of £6,820 (2024= surplus of £50). Income: Our total income was £256,476 {2024.' £227.763}. Income from our charity shop was £116,812 {2024.' £116,119), which is a very healthy income, given the current economic climate. Fundraising activities conlributed £16,433 (2024: £6,540). Expenditure: Expenditure was £249,656 (2024.. £227,713). The main expenditure was slaff costs of£157,031 (2024.. £140,884). End of year position The Charity had a cash inflow of £5,643 (2024: cash inflow £5,078), wilh cash at the end of the year of £88,224 (2024- £82.8511. Net currenl assets were £101,082 {2024'. £92,639) at Ihe year end. Reserves policy The Charity's reserve levels are routinely reviewed by the Trustees in order to ensure that it has sufficient funds to cover unknown liabilities and conlingencies, 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 invesled in langible fixed assets. held by the Charity should be a minimum of 3 rnonths of running costs. Based on the expenditure for the financial year 2024125, this amounts to £62,000. In addition, Trustees consider it prudent to set aside £11,110 lo ensure any liabilities on "restricted funding" can be met. Within our loan agreement with Charity Bank is a covenant requiring us to maintain minimum cash balances of £30,000,. this is included in the total funds delailed above.
BOLLINGTON COMMUNITY ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management Governing document The charily is controlled by its governing document and constitutes a Charitable Incorporated Organisation {ClO}. Charity constitution The CIO is controlled by a Constitution of a Charitable Incorporated Organisation whose only voting members are its trustees. Our registered name is Bollirkgton Community Association CIO, but our operating name is the Bridgend Centre. Related Parties During the period covered by this report the charity has not undertaken any transaclions 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. The trustees who served during the year and up to the date of signature of the financial statements were.. J Maitland A Leah Lccox B J Matthews Mr G W Brown The trustees, report was approved by the Board of Trustees. Mr G W Brown Trustee 201S
BOLLINGTON COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOLLINGTON COMMUNITY ASSOCIATION I report to the trustees on my examination of the financial statements of Bollingion Community Assi>ciation (the CIO) for the year ended 31 March 2025. Responslbilitios and basis of report As the trustees of the CIO you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the CIO'S financial statements carried out under seclion 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5llb) of the Charities Act 2011. Independent examiner's statement Since the CIO'S gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England ar)d Wales, which is one of the listed bodies. I have completed my examination. I confirffl that no matters have come to my attention in connection with the examination giving me cause to believe that in any malerial respect.. accounting records were not kept in respect of the CIO as required by section 130 of the Charities Act 2011. the financial statements do nol accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements sel oul in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 attenlion should be drawn in this report in order to enable a proper understanding of the financial slalements to be reached. J C Bostock ACA Josolyne LLP Merchant Exchange Waters Green Macclesfield Cheshire SK116JX Date:
BOLLINGTON COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestrlcted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Charitable activities Other Irading activities Investments 50,361 14,137 140,095 929 51,104 101,465 14,137 140,095 929 59,170 11.710 128,628 285 27,970 87,140 11.710 128,628 285 Total income 205,522 51,104 256,626 199,793 27,970 227,763 Expenditure on: Raising funds Charitable activities Other expenditure 18,960 40,190 141.511 629 22,824 25,692 19,589 63,014 167,203 22,882 41,571 127,868 1,003 10,997 23,392 23,885 52,568 151,260 10 Total expenditure 200,661 49,145 249,806 192.321 35,392 227,713 Net income 4,861 1,959 6,820 7,472 (7,422> 50 Transfers beMeen funds (6,5141 6,514 Net movement In funds 4,861 1,959 6,820 958 1908) 50 Reconciliation of funds: Fund balances at 1 April 2024 319.865 8,866 328,731 318.907 9,774 328,681 Fund balances at 31 March 2025 324,726 10,825 335.551 319,865 8.866 328,731 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
BOLLINGTON COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Property, plant and equipment 12 383,424 390.199 Current assets Inventories Trade and other receivables Cash al bank and in hand 13 14 21,750 4,833 88,224 20.500 2,866 82,581 114,807 {13,725) 105,947 (13,308) Current liabllitles 16 Net current assets 101.082 92,639 Total assets less Current liabilities 484,506 482,838 Nonvcurrent liabilities 17 (148,955} (154,1071 Net assets 335.551 328,731 The funds of the CIO Restricted income funds Unrestricted funds 18 19 10,825 324,726 8,866 319,865 335,551 328,731 The financial statements were approved by the trustees on . Mr G W Brown Trustee
BOLLINGTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Bollington Cornmunity Association is a chartable incorporated organisation. 1.1 Basis of preparation The financial statements have been prepared in accordan with the CIO'S governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to oharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" The CIO is a Public Benefit Entity as defined by FRS 102. The CIO has taken advantage of the prowsions in the SORP for charities not to prepare a statement of cash flows. The financial statemenls are prepared in sterling, which is the functional currency of the CIO. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving Ihe financial statements, the trustees have a reasonable expedation that the CIO has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when Ihe CIO is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable Ihat income will be received. 1.5 Expenditure Expenditure is recognised once there is a legal or conslructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. 1.6 Property, plant and equipment Property, plant and equipmenl are initially measured al cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings Fixtures and fittings in accordance with propety at varying rate on cost The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
BOLLINGTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.7 Impairment of non<uTrent assets At each reporting end date, the CIO reviews Ihe carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order lo determine the extent of the impaimient loss (if any). 1.8 Inventories Inventories are stated at the lower of Th)sl and net realisable value, after making allowance for obsolete and slow items. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wilhin borrowings in current liabilities. 1.10 Financial instruments The CIO has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the CIO'S balance sheet when the CIO becomes party to the contractual provisions of the instrument. Trade receivables, loans and other receivables that have fixed or determinable payments Ihat are not quoted in an active market are classified as 'loans and receivables,. Loans and receivables are measured at amortised cost using the effective interesl method. less any impairment. Trade payables are obligations to pay for goods or services Ihat have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured al amortised cosl using the effeclive interest method. 1.11 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the CIO is demonstrably committed to terminate the employment of an employee or to provide t6rmination benefits. Income from donations and legacies Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gift aid Grants 20,361 30,000 150 50,954 20,511 80,954 24,670 34,500 24,670 62,470 27,970 50,361 51,104 101,465 59,170 27,970 87.140 10-
BOLLINGTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charltable activities Unrestricted funds 2025 Unrastrl¢t&d funds 2024 Activities income Activities income 14.137 11,710 Income from other trading acllvltios Unrestricted Unrestricted funds funds 2025 2024 Fundraising events Shop income Other income 16,613 116,812 6,670 6,540 116,119 5,969 Olher trading activities 140,095 128,628 Income from investmonts Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 929 285 Expenditure on raising funds Unrestricted Restricted funds funds 2025 2025 Totsl Unrestricted Restrfcted funds funds 2024 2024 Total 2025 2024 Trading costs Other trading activities 18,960 629 19,589 22,882 1,003 23,885 11
BOLLINGTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activitles Actlvltles 2025 Activities 2024 Direct costs Activities Project expenses Acommodation costs Office costs Sundries Advertising Freehold property depreciation charge Fixtures and fittings depreciation charge 2,808 21,233 14,744 15,224 311 1,769 6,600 325 4.995 10,459 15,994 12,715 147 1,232 6,650 376 63,014 52,568 Analysis by fund Unrestricted funds Restrictod funds 40,190 22,824 41,571 10,997 63,014 52.568 TTUStees None of the trustees (or any persons connected with them) received any remuneration or benefits from the CIO during the year. Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number 11 11 There were no employees whose annual remuneration was more than £60.000. 12-
BOLLINGTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Other expenditure UnTestri¢ted Restricted funds funds 2025 2025 Total Unrestricted Restricted fund5 funds 2024 2024 Total 2025 2024 Staff costs Financing costs Other expenditure 131.339 10.003 169 25,692 157,031 10,003 169 117,492 10,217 159 23,392 140,884 10,217 159 141,511 25.692 167,203 127,868 23.392 151,260 11 Taxation The charity is exempt from taxation on its activities because all its income is appliéd for charitable purposes. 12 Property, plant and equipment Freehold land Flxtures and and buildings fittings Total Cost At 1 April 2024 421,979 5.687 427,666 At 31 March 2025 421.979 5,687 427,666 Depreciation and Impalrment At 1 April 2024 Depreciation charged in the year 33.399 6.450 4,068 325 37,467 6,775 At 31 March 2025 39,849 4,393 44,242 Carrying amount At 31 March 2025 382,130 1,294 383,424 At 31 March 2024 388.580 1,619 390,199 13 Inventories 2025 2024 Finished goods and goods for resale 21,750 20.500 13
BOLLINGTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Trade and other receivables 2025 2024 Amounts falling due wlthin one year". Other receivables Prepayments and accrued income 1,262 3,571 2.866 4,833 2,866 15 Borrowings 2025 2024 Bank loans 154,042 158.923 Payable within one year Payable after one year 5,087 148,955 4,816 154,107 There is a loan with Bollinglon Town Council for 20 years which is secured on the property. The mortgage with The Charity Bank for 25 years is also secLJred on the property. 16 Current liabilitlos 2025 2024 Notes Bank loans Other taxation and social security Trade payables Other payables Accruals and deferred income 15 5,087 1,643 3,404 1.419 2,172 4,816 1,968 3,546 1,183 1,795 13,725 13,308 17 Non-current liabilities 2025 2024 Notes Bank loans 15 148,955 154,107 14-
BOLLINGTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Restricted funds The restricted funds of Ihe charity comprise the unexpended balances of donalions and grants held on trust subjecl to specific conditions by donors as to how they may be used. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 Bridgend Buddies Isolation & Dementia Services Exercise Workshop & Woodcraft Tree Trails & Walking Festival Project Reminiscence. Talks & Games Isolation & Dementia Newsletter Automatic Door Men's SoCal Office Conversion Building Maintenance Contemplation Garden Drop In & Support Shuttle to the Shops National lottery A4A The National Lottery Community Fund 1,950 150 4,400 (2,876) 1150) {1.145) {2,051) (330) 3.474 2,000 1,000 855 847 1,898 330 2,114 350 (2,314) 150 510 414 756 34 250 405 {5101 {3711 (1,709) 43 1,397 34 250 405 2,350 7,000 5,750 19,900 (7,000) {3.833} 119,900) 55 1,972 8,354 {6,956) 1,398 8,866 51,104 (49.145) 10,825 15-
BOLLINGTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Restricted funds {Contlnued) Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Bridgend Buddies Isolation & Dementia Services Education Room Workshop & Woodcraft Guided Walks Tree Trails & Walking Feslival Project Reminiscence, Talks & Games Isolation & Dementia Newsletter Automatic Door IT Infrastructure IT Tutor Men's Social Office Conversion Building Mainlenanca Contemplation Garden Armchair Dancing Drop In & Support Shuttle to the Shops 716 150 272 4,500 (3,2661 1,950 150 (900} (1,847} {175) 1124} 628 3,745 1,898 175 454 330 4,356 (2,242) 2,114 2,800 (2,290) 510 414 414 817 600 760 513 250 472 (859) (7281 {8441 {4791 42 128 756 34 250 405 (67} {910} 116,716} {3,945} 910 4,631 12,085 4,000 55 9,774 27,970 135,392) 6,514 8,866 19 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 General funds 319,865 205,522 {200.661) 324,726 Provlous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General funds 318,907 199,793 (192,3211 (6,5141 319,865 16-
BOLLINGTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Analysis of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Property. plant and equipment Current assetsllliabilities} Lon9 term liabilities 383.424 90,257 (148,955) 383,424 101,082 (148,955) 10,825 324,726 10,825 335.551 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Property, plant and equipmenl Current assetsl{liabililies) Long term liabilities 390.199 83.773 {154.107) 390,199 92,639 {154.107} 8,866 319.865 8.866 328.731 21 Related party transactions There were no disclosable related party transactions during the year {2024 - none). 17-