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← Cricklade And District Community Association

2024-03-31-accounts

REGISTERED COMPANY NUMBER: 06608568 (England and Wales) REGISTERED CHARITY NUMBER: 1125605

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for Association

Cricklade & District Community

Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

Cricklade & District Community Association

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 20
Detailed Statement of Financial Activities 21 to 22

Cricklade & District Community Association

Report of the Trustees for the Year Ended 31 March 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report 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

Objectives and aims

Cricklade & District Community Association provides sports and recreational facilities to residents in Cricklade and the surrounding area.

The objectives of the charity are to:

Public benefit

In planning our activities for the period, we kept in mind the Charity Commission guidance on public benefit at our trustee meetings.

The leisure centre offers a wide range of facilities and leisure activities for persons of all ages, gender, faith backgrounds etc and there are no restrictions whatever whereby any members of the public are excluded from enjoying those facilities except where any potential users of the facilities engage in any form of disruptive or unreasonable behaviour. Our tariffs are set at levels which are affordable to the whole community, and we welcome all potential users of the centre. We believe that our philosophy of openness to all enriches everyone through the sharing of skills and aptitudes and through the general social interaction available at the centre.

Accounting Periods

The company was incorporated on 2nd June 2008, although the control of the company did not pass from the previous group to the new Trustees until 1st October 2008. These accounts reflect the fifteenth full year of records as a Charity, from April 1st 2023 until March 31st 2024.

Property

We surrendered our lease in 2019 in order to allow Wiltshire Council to complete a major redevelopment of the centre. During the redevelopment we had a licence to operate the services. Cricklade Town Council who as part of the package of refurbishment, have take-over ownership of Cricklade Leisure Centre and a new lease between us has superseded the lease with Wiltshire Council.

1

Cricklade & District Community Association

Report of the Trustees for the Year Ended 31 March 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Cricklade is a thriving and growing community in North Wiltshire. Following threat of closure in late 2006, the local community created an action group, KLIC, and set about a campaign, and creating a business plan to take over the centre and ensure its future viability and hence availability

We have now completed our fifteenth year (15 years as a company) and thanks to the efforts of the local population and volunteers and to grants from the Local County and Town Council, the Cricklade Leisure Centre has flourished. In June 2008 we succeeded in registering as a charitable limited company - and have a skilled range of directors and trustees to support the running and future direction of the centre. On 1st October 2008 the assets and liabilities of Cricklade & District Community Association were transferred to the charitable company.

Cash

The charity's excess funds have historically been held in a Reserve Account with the charity's bankers. The nature of the current interest rates is that income from interest is de minimis. However, we monitor the cash balances on a daily basis. The daily overall cash balance for the last few financial years is below. As Trustees we took a positive decision to invest in projects to reduce our energy usage. These projects of nearly £100k were funded from our cash reserves.

----- Start of picture text -----
C&DCA
Daily Cash Balance 1st April 2022 31st March 2024
8-Week Moving Average
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£60,000 inneiAicAeKtKM
£50,000£40,000 cccoOcccMANAA0MMi |
£30,000 BOUNCE BACK LOAN
£20,000
£10,000
£0
Total Daily Balance £
01-Apr 01-May 31-May 30-Jun 30-Jul 29-Aug 28-Sep 28-Oct 27-Nov 27-Dec 26-Jan 25-Feb 27-Mar 26-Apr 26-May 25-Jun 25-Jul 24-Aug 23-Sep 23-Oct 22-Nov 22-Dec 21-Jan 20-Feb 21-Mar
----- End of picture text -----

2

Cricklade & District Community Association

Report of the Trustees for the Year Ended 31 March 2024

FINANCIAL REVIEW Financial position

These accounts reflect the records and accounts for the 12-month period ending 31st March 2024.

The accounts show an overall loss of £51,921 (£7,187 in 2023/23). The loss has been driven by expenditure being higher than expected, income continues to be a success and continues to grow.

The Trustees took a conscious decision to manage this expected loss in year, and to act in January 2024 to put in measures to mitigate the position going forward. The measures included

Income

The total incoming resources for the period ended 31st March 2024 amounted to £893,960 (£775,033 in 2022/23).

----- Start of picture text -----
The split of income has not changed significantly, what is material is that we have ‘weened’ ourselves off the local
government grants, which were providing £70k per annum from income Wiltshire Council prior to the redevelopment.
CRICKLADE LEISURE CENTRE CRICKLADE LEISURE CENTRE
1%
SPLIT OF INCOME 2023-24 1% SPLIT OF INCOME 2022-23
3% 12% 11%
5%
30% Grants 31% Grants
Memberships Memberships
Courses Courses
23% Pay as you go Pay as you go
25%
Miscellaneous Miscellaneous
Bar Bar
31% 27%
ee
Column1 AVERAGE
2010/11 7,468
2011/12 8,200 The big success for the centre has been our membership income. We now have over 650
2012/13 9,684 membership packages – including couples, and families, an estimated 1,100 people covered
2013/14 11,579
2014/15 12,342 by a direct debit for membership.
2015/16 13,927
2016/17 12,618 With cash membership, we can be confident going into the new year, of growing our income,
2017/18 12,529 with income in the last 6 months of the year being over £23,000 per month.
2018/19 14,200
2019/20 13,929
2020/21 7,790 In addition, we have taken action to increase swimming lesson numbers – with an increase
2021/22 18,002 from April 2023 of 482 weekly packages, to 637 by March 2024.
2022/23 20,010
= 2023/24 22,404
Expenditure
Total expenditure during the period amounted to £950,653 (£782,220 in 2022/23). This consisted mainly of the cost of
staffing.
----- End of picture text -----

During this financial year 2023/24, we have had two outside factors that have affected the financial results for this year.

3

2024/25, our costs are still around 50% higher than pre-war.

Staffing costs increased by 28% over the two years, reflecting increased activity, and associated costs, plus salary increases to reflect the cost of living (11%).

Cricklade Town Council hold a maintenance reserve to maintain the structure of the leisure centre. They own the centre and are responsible for the structure of their building.

This was part of the legacy provided from Wiltshire Council, as part of the redevelopment. As of 31[st] March 2024, they had spent just under £13,000 on the centre during the year and retained at the end of the year just over £295,000 for future use.

----- Start of picture text -----
CRICKLADE LEISURE CENTRE CRICKLADE LEISURE CENTRE
SPLIT OF EXPENDITURE 2023-24 SPLIT OF EXPENDITURE 2022-23
3% 3%
6% 6%
7% 5%
Salaries Salaries
Premises Premises
Administration Administration
25% 59% Professional Fees 29% 57% Professional Fees
Bar Bar
----- End of picture text -----

Consolidated

The deficit for the period amounted to £51,921 (£7,187 in 2022/23).

Net assets at the end of the financial period amounted to £168,715 (£213,336 at the end of 2022/23), held in unrestricted reserves - and with specific equipment grants for equipment a further £48,100 in restricted grants.

The position for the centre is that in financial terms, we have experience of keeping to budget and are confident and have taken action to ensure 2024/25 will have a healthier financial position.

Reserves policy

The trustees aim towards a position whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be sufficient to cover between three and six months of resources expended.

FUTURE PLANS

The trustees aim have set a balanced budget for 2024/25.

In addition, we have been successful in achieving two national grants through Cricklade Town Council, to replace our glazing around the swimming pool, and to provide a PV array on the roof, both aimed to save energy usage.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

3

Cricklade & District Community Association

Report of the Trustees for the Year Ended 31 March 2024

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Cricklade & District Community Association is a charity, established on 26th August 2008. It became a charitable company, limited by guarantee on the 2nd of June 2008. The charitable company was established under a Memorandum of Association, which sets out the objects and powers of the charitable company and is governed under its Articles of Association.

At the last AGM, the charity took the opportunity to change the name of members to patrons, to overcome the confusion between paid memberships (members) whose aim is to use the centre, and those who want to participate in the running of the centre.

Patrons support the aims of the organisation and are invited to the Annual General Meeting. Patrons elect the trustees or members of the management committee, and these trustees are also company directors. In the event of the charitable company being wound up, patrons are required to contribute an amount not exceeding £10. As of 31st March 2024 there were 69 patrons.

Recruitment and appointment of new trustees

The directors of the charitable company are also charity trustees for the purposes of charity law and, under the company's Articles, are known as trustees.

As set out in the Articles of Association the Board of Trustees should consist of a minimum of three and a maximum of ten trustees.

A third of trustees each year will stand down and if they wish stand for re-election at the Annual General Meeting. When recruiting any new trustees, the Board pays regard to the requirement for any specialist skills needed.

Day to day management is provided through a management committee. Business, social care, financial and human resources skills are well represented on the management committee. In an effort to maintain a broad skill mix, members of the Board of Trustees are requested to provide an outline of their skills and, in the event of particular skills being lost due to retirements, individuals are approached to offer themselves for election to the Board.

Organisational structure

The Board of Trustees meets as required and appoints sub committees as and when appropriate to address specific issues. A General Manager is appointed by the trustees to manage the day-to-day operations of the charity and to develop and implement longer term strategies as agreed by the Board. To facilitate effective operations the General Manager has delegated authority within terms of delegation approved by the trustees for operational matters; and, in turn, delegated authority is given to the approved committees to carry out their functions.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06608568 (England and Wales)

Registered Charity number

1125605

Registered office

Stones Lane, Cricklade, Swindon, Wiltshire SN6 6JW Trustees

N R Carter N J F Dye J Simmons (appointed 14.11.23) D Lal R Durham A Fisher A Tunmore (appointed 14.11.23)

Company Secretary

D Booth

4

Cricklade & District Community Association

Report of the Trustees

for the Year Ended 31 March 2024

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

Approved by order of the board of trustees on 16 July 2024 and signed on its behalf by:

N R Carter - Trustee

5

Independent Examiner's Report to the Trustees of Cricklade & District Community Association

Independent examiner's report to the trustees of Cricklade & District Community Association ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Christopher Vaughan

Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

30 July 2024

6

Cricklade & District Community Association

Statement of Financial Activities for the Year Ended 31 March 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
10,668
Charitable activities
5
Recreational Facilities
293,862
Other trading activities
3
593,016
Investment income
4
1,186
Total
898,732
EXPENDITURE ON
Raising funds
6
86,693
Charitable activities
7
Recreational Facilities
856,560
Total
943,253
NET INCOME/(EXPENDITURE)
(44,521)
RECONCILIATION OF FUNDS
Total funds brought forward
213,336
TOTAL FUNDS CARRIED FORWARD
168,815		 Restricted
fund
£
-
-
-
-
-
-
7,400
7,400
(7,400)
55,500
48,100		 31.3.24
Total
funds
£
10,668
293,862
593,016
1,186
898,732
86,693
863,960
950,653
(51,921)
268,836
216,915		 31.3.23
Total
funds
£
5,500
259,904
509,249
380
775,033
77,950
704,270
782,220
(7,187)
276,023
268,836

The notes form part of these financial statements

7

Cricklade & District Community Association

Balance Sheet

31 March 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
13
143,697
CURRENT ASSETS
Stocks
14
6,424
Debtors
15
34,006
Cash at bank and in hand
72,427
112,857
CREDITORS
Amounts falling due within one year
16
(58,880)
NET CURRENT ASSETS
53,977
TOTAL ASSETS LESS CURRENT
LIABILITIES
197,674
CREDITORS
Amounts falling due after more than one year
17
(28,859)
NET ASSETS
168,815
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
48,100
-
-
-
-
-
-
48,100
-
48,100		 31.3.24
Total
funds
£
191,797
6,424
34,006
72,427
112,857
(58,880)
53,977
245,774
(28,859)
216,915
168,815
48,100
216,915		 31.3.23
Total
funds
£
138,913
8,150
16,064
188,583
212,797
(49,046)
163,751
302,664
(33,828)
268,836
213,336
55,500
268,836

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The patrons have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

8

Cricklade & District Community Association

Balance Sheet - continued

31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 16 July 2024 and were signed on its behalf by:

N R Carter - Trustee

N J F Dye - Trustee

The notes form part of these financial statements

9

Cricklade & District Community Association

Cash Flow Statement for the Year Ended 31 March 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.3.24
£
(22,340)
(1,285)
(23,625)
(88,509)
1,186
(87,323)
(5,208)
(5,208)
(116,156)
188,583
72,427		 31.3.23
£
32,191
(810)
31,381
(24,367)
380
(23,987)
(5,814)
(5,814)
1,580
187,003
188,583

The notes form part of these financial statements

10

Cricklade & District Community Association

Notes to the Cash Flow Statement

for the Year Ended 31 March 2024

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
31.3.24 31.3.23
£ £
Net expenditure for the reporting period (as per the Statement of
Financial Activities) (51,921) (7,187)
Adjustments for:
Depreciation charges 35,624 26,828
Interest received (1,186) (380)
Interest paid 1,285 810
Decrease/(increase) in stocks 1,726 (2,886)
Increase in debtors (17,942) (2,045)
Increase in creditors 10,074 17,051
Net cash (used in)/provided by operations (22,340) 32,191
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank and in hand 188,583 (116,156) 72,427
188,583 (116,156) 72,427
Debt
Debts falling due within 1 year (5,640) 240 (5,400)
Debts falling due after 1 year (33,828) 4,969 (28,859)
(39,468) 5,209 (34,259)
Total 149,115 (110,947) 38,168

2. ANALYSIS OF CHANGES IN NET FUNDS

The notes form part of these financial statements

11

Cricklade & District Community Association

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity 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 there 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 accruals 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.

Allocation and apportionment of costs

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estimated usage.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on cost Fixtures and fittings - 20% on cost Leisure Equipment - 15% on cost Bar Equipment - 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

12

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

2.
DONATIONS AND LEGACIES
Gifts
Grants
Wiltshire County Council
Grants received, included in the above, are as follows:
Other grants
3.
OTHER TRADING ACTIVITIES
Bar and Coffee Bar sales
Activity sales and fees
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Membership fees
Recreational Facilities
Miscellaneous income
Recreational Facilities		 31.3.24
£
8,506
2,162
-
10,668
31.3.24
£
2,162
31.3.24
£
98,625
494,391
593,016
31.3.24
£
1,186
31.3.24
£
268,817
25,045
293,862		 31.3.23
£
-
4,000
1,500
5,500
31.3.23
£
4,000
31.3.23
£
78,599
430,650
509,249
31.3.23
£
380
31.3.23
£
239,639
20,265
259,904

continued...

13

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

6. RAISING FUNDS

Raising donations and legacies

Rates and water
Insurance
Light and heat
Repairs and renewals
Cleaning
Depreciation
Other trading activities
Purchases
Staff costs
Aggregate amounts
7.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Recreational Facilities
831,400
8.
SUPPORT COSTS
Management
£
Recreational Facilities
20,283
9.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 31.3.24
£
563
401
5,373
3,016
1,669
14
11,036
31.3.24
£
56,021
19,636
75,657
86,693
Support
costs (see
note 8)
£
32,560
Finance
£
12,277
31.3.24
£
35,625		 31.3.23
£
747
397
6,151
1,846
1,471
10
10,622
31.3.23
£
48,026
19,302
67,328
77,950
Totals
£
863,960		 31.3.23
£
747
397
6,151
1,846
1,471
10
10,622
31.3.23
£
48,026
19,302
67,328
77,950
Totals
£
863,960
Totals
£
32,560
31.3.23
£
26,828		 Totals
£
32,560

continued...

14

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

11. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Activities
Management		 31.3.24
£
565,614
565,614
31.3.24
29
3
32		 31.3.23
£
446,089
446,089
31.3.23
28
3
31

No employees received emoluments in excess of £60,000.

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
5,500
Charitable activities
Recreational Facilities
259,904
Other trading activities
509,249
Investment income
380
Total
775,033
EXPENDITURE ON
Raising funds
77,950
Charitable activities
Recreational Facilities
696,870
Total
774,820
NET INCOME/(EXPENDITURE)
213
RECONCILIATION OF FUNDS
Total funds brought forward
213,123		 Restricted
fund
£
-
-
-
-
-
-
7,400
7,400
(7,400)
62,900		 Total
funds
£
5,500
259,904
509,249
380
775,033
77,950
704,270
782,220
(7,187)
276,023

continued...

15

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
TOTAL FUNDS CARRIED FORWARD
213,336
13.
TANGIBLE FIXED ASSETS
Improvements
Fixtures
to
and
Leisure
property
fittings
Equipment
£
£
£
COST
At 1 April 2023
-
33,657
209,744
Additions
44,123
14,480
29,906
At 31 March 2024
44,123
48,137
239,650
DEPRECIATION
At 1 April 2023
-
11,997
93,268
Charge for year
1,808
7,887
25,658
At 31 March 2024
1,808
19,884
118,926
NET BOOK VALUE
At 31 March 2024
42,315
28,253
120,724
At 31 March 2023
-
21,660
116,476
14.
STOCKS
Stocks
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments		 - continued
Restricted
fund
£
55,500
Bar
Equipment
£
1,357
-
1,357
580
272
852
505
777
31.3.24
£
6,424
31.3.24
£
17,013
16,993
34,006		 Total
funds
£
268,836
Totals
£
244,758
88,509
333,267
105,845
35,625
141,470
191,797
138,913
31.3.23
£
8,150
31.3.23
£
12,637
3,427
16,064		 Total
funds
£
268,836

continued...

16

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24 31.3.23
£ £
Bank loans and overdrafts (see note 18) 5,400 -
Other loans (see note 18) - 5,640
Trade creditors 42,206 33,343
Social security and other taxes 11,274 9,855
Accruals and deferred income - 208
58,880 49,046
17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans (see note 18) 28,859 -
Other loans (see note 18) - 33,828
28,859 33,828
18. LOANS
An analysis of the maturity of loans is given below:
31.3.24 31.3.23
£ £
Amounts falling due within one year on demand:
Bank loans 5,400 -
Lloyds Bank - Government Bounce Back Loan - 5,640
5,400 5,640
Amounts falling between one and two years:
Bank loans - 1-2 years 10,800 -
Lloyds Bank - Government Bounce Back Loan - 11,280
10,800 11,280
Amounts falling due between two and five years:
Bank loans - 2-5 years 18,059 -
Lloyd's Bank - Government Bounce Back Loan - 22,548
18,059 22,548

continued...

17

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Gym Kit
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Gym Kit
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Gym Kit
TOTAL FUNDS		 At 1.4.23
£
213,336
55,500
268,836
Incoming
resources
£
898,732
-
898,732
At 1.4.22
£
213,123
62,900
276,023		 Net
movement
At
in funds
31.3.24
£
£
(44,521)
168,815
(7,400)
48,100
(51,921)
216,915
Resources
Movement
expended
in funds
£
£
(943,253)
(44,521)
(7,400)
(7,400)
(950,653)
(51,921)
Net
movement
At
in funds
31.3.23
£
£
213
213,336
(7,400)
55,500
(7,187)
268,836

continued...

18

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

19. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Gym Kit
TOTAL FUNDS		 Incoming
resources
£
775,033
-
775,033		 Resources
Movement
expended
in funds
£
£
(774,820)
213
(7,400)
(7,400)
(782,220)
(7,187)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Gym Kit
TOTAL FUNDS		 At 1.4.22
£
213,123
62,900
276,023		 Net
movement
in funds
£
(44,308)
(14,800)
(59,108)		 At
31.3.24
£
168,815
48,100
216,915

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
Resources		 Movement
resources
expended		 in funds
£ £ £
Unrestricted funds
General fund 1,673,765 (1,718,073) (44,308)
Restricted funds
Gym Kit - (14,800) (14,800)
TOTAL FUNDS 1,673,765 (1,732,873) (59,108)

continued...

19

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

21. RESTRICTED FUNDS

Gym Kit

Funding provided in the form of grants for gymnasium equipment.

20

Cricklade & District Community Association

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24 31.3.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts 8,506 -
Grants 2,162 4,000
Wiltshire County Council - 1,500
10,668 5,500
Other trading activities
Bar and Coffee Bar sales 98,625 78,599
Activity sales and fees 494,391 430,650
593,016 509,249
Investment income
Deposit account interest 1,186 380
Charitable activities
Membership fees 268,817 239,639
Miscellaneous income 25,045 20,265
293,862 259,904
Total incoming resources 898,732 775,033
EXPENDITURE
Raising donations and legacies
Rates and water 563 747
Insurance 401 397
Light and heat 5,373 6,151
Repairs and renewals 3,016 1,846
Cleaning 1,669 1,471
Depreciation of tangible fixed assets 14 10
11,036 10,622
Other trading activities
Bar and Coffee shop purchases 56,021 48,026
Wages 19,636 19,302
75,657 67,328
Charitable activities
Wages 545,978 426,787
Rates and water 10,687 14,194
Insurance 7,616 7,545
Carried forward 564,281 448,526

This page does not form part of the statutory financial statements

21

Cricklade & District Community Association

Detailed Statement of Financial Activities

for the Year Ended 31 March 2024

Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24 31.3.23
£ £
Charitable activities
Brought forward 564,281 448,526
Light and heat 102,091 116,875
Advertising 604 879
Sundries 37,366 22,673
Repairs and renewals 57,310 35,081
Travelling 1,151 199
Cleaning 31,702 27,941
Depreciation of tangible fixed assets 35,610 26,818
Interest payable 1,285 810
831,400 679,802
Support costs
Management
Telephone 1,335 665
Postage and stationery 4,712 2,260
Computer expenses 6,791 5,067
Legal and Professional fees 7,445 5,500
20,283 13,492
Finance
Bank charges 12,277 10,976
Total resources expended 950,653 782,220
Net expenditure (51,921) (7,187)

This page does not form part of the statutory financial statements

22