Registered number: 06113605 Charity number.. 1129668 ACT (ACTION FOR THE COMMUNITY AND TOWN) AT THE CHEETHAMS LTD (A company Ilmited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ACT (ACTION FOR THE COMMUNrrY AND TOWNI AT THE CHEETHAMS LTD IA company limlted by guarantee) CONTENTS Page . f&rèncè ana aaministrative detai15 of the charrty, its tnist•o$ and advisèrs Tru8tae8' roport Independent examlnefs report Statsment of financlal acthihle$ Balance sheet Statement of cash flows Notss to th• flnanclal stst•monts 10-20
ACT (ACTK)N FOR THE COMMUNrrY AND TOWN) AT THE CHEEfHAMS LTD IA company Ilmited by guarantee) REFERENCE AND ADMINisfRATIVE DEfAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Yrusrees Graham Jones Anne-marie Smith Andrew Robert Pratt Ann-marie Astley David Flaming (resigned 02.12.24) Cathertne Malloy Hollem Kevln James Plckup Company regi8tsred number 06113605 Charity registered number 1129668 Reglstered office The Cheethams Amis Lawrence Street Blackbum Lancashire BB2 1QF Company sacretary Graham Jones Accountsnts CW Accountants Ltd 30 Brotherston Drive Bla¢kbum Lancashire BB2 4FJ Bank•rs Barclays 8114 Darwen Street Blackbum Lancashire BB2 2BZ
ACT (ACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEEfHAMS LTD (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the flnanclal ststements of the chaiity for the 1 April 2023 to 31 March 2024. The Trustees confimi that the Annual Report and financial statements of the company comply wtth the current statutory requirements, the requirements of the companrfs goveming document and the provisions of the Statoment of Recommended Practice (SORP). applicable to charities pr8paring th8ir accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) a5 amended by Update Bulletln l (effectlve 1 January 2015). Sinc8 the charlty quallfies as small under sectlon 383. the strategic r8POrt r8quired of medium and large companies under The Companies Act 2006 (Strategic Report and Dire(aorfs Report) Regulations 2013 is not required. 08JECTIVES AND ACTivrriES . POLICIES AND OBJECTIVES In settlng ob]8Ctlves and plannlng for acllvttles. th8 Trust88s have given due conslderatlon to general guldance published by the charity commission rdating to public benefit. The object for which th8 Company is eslablished is lo act as a resource for young people up to the age of 21 living in Blackbum with Darwen (ihe area of benefft) by providing advice and assistance and organising pro9rammes of physical. educational and other actlvltles as a means ot. (a) advancing in lrfe and helping young people by developing their skills. capacities and capa.1111es to enable th8m to participate in society as independent. mature and responsible individuals; (b) advancing education., (c) rellevlng unemployment: (d) providing recreational and leisure time activty in the inl8rests of social w8lfar8 for p8opl8 living in the area of benefft vtho have need by reason of their JDuth, age, infimiity or disability, povety or social and economic circumstsnces wlth a vl•w to Improving the condriions of lrfe of such persons. b. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITYS PURPOSES FOR PUBLIC BENEFrr Th8 charity provides social and educational activities for children and teenagers to prevent them from falling into activities such as drug experimenL*ion, crime, anti-social behavior and teenage pregnancies. ¢. VOLUNTEERS The charity is grateful for the unsttnting efforts of lis volunteers who are inv(4ved in service provision, and fundraising. W8 are very much dependent on the tlme and commilment of our volunt88rs to supeNis8 activiti8s and are aware that the requiremenl to offer sr)ung peopl8 tM)sitiv8 adult role m(MJels and a safe environment is paramount. ACHIEVEMENTS AND PERFORMANCE a. REVIEW OF ACTIVITIES The Cheetham's settled into regular opening hours i.e. four evenings a week from April 2022. This provided a vital lifeline for local young people vtho were carying high levels of anxiety after the impact of Covid restrictions. We have continued to provide a great deal of support to help young people build confidence and reéngage in Community lrfe through our centre-based s8Nices.
ACT (ACTION FOR THE COMMUNrrY AND TOWN) AT ThE CHEETHAMS LTD (A company limited by guarantee) TRUSTEES. REPORT Icontlnued) FOR THE YEAR ENDED 31 MARCH 2024 a. REVIEW OF ACTIVITIES - continued We continued to support children and young people aged 5- 15 years old from Wensley Fokl in Blackburn, very socially disadvantaged area wlth hlgh levels of poverty. one of the most deprived areas of Blackburn. Wensley Fdd has child povety at 570/. (Loughborough Univ8rsity study. 2019). Such a high level of child poverty, social exclusion, and disadvantage means lost opp)rtunities for many chldren and young people in sodalizing, learnlng, and developin9. Wensley Fold is the mst diverse area in Blackbum. Just over half of the children and young people we work wilh are from the south Asian Muslim comrnunty. We also involvé memr$ of Polish, Rumanian, Congolese. Nigerian, Lithuanian and Synan communities tr)0. Many are s8ver8ty disadvantaged by ignorance, stereotyping. exclusion, and injustice. There are tensions In the communlty. we ty to strengthen commur+ity Cohesion for children and young people. We contlnued to run our core s8rvic8s and organlsa acllvlti8s. Thls Indudas.. Drop in for children and young people. open out of office hours. 8 sessions a week, induding Friday evenings and Saturdays Youth groups for social and personal developmenl. On Ihe street detsched and outreach work. Focused support for young people in crisis n88ding holistic family inclusive support. In response to ihe dr8matic rise of thildren 8nd yr)ung people in food ety. we dev81oped a food project. We become 8 recognlsed referral agency with Blac*bum Food Bank 8nd the Salvation Any, both helping people In need. We bulll good Ilnks and accessed food donatlons from a range of sUpenarkets through a project partner. Then twice a week we made food availabl8 for free, through emergency bags of food for people in food crisis. This was sUPPOrted by a £10.000 grant from the Communty Fund Awards for All. The Trustees would like to thank our dedicated and hardworking staff and volunteers who alway3 give over and above what Is asked of them. wlth the sole purpose of improving the lives of the yDung people who use the Centre. FINANCIAL REVIEW . GOING CONCERN After maklng appropriate enquirles, the trustees have a reasonable expectation that the charity has adequate resources to continue in existence for the fores8eable future. The legacy that was received in December 2017 has assisted with current operations. For these reasons they continue to adopt the going concem basis in preparing the financial sta18ments. Further delails regarding the adoption of the going GOnM basis can be found in the Accounting Policies. b. RESERVES POUCY The unrestricted reserves at present stand al £51,327 <2023 - £62,274). The restrlcted reserves were £16,916 8t March 202412023 - £13,9591}. Th8 Trustees aim to accumulate sufficient reserves in order to fulfil th8 objecttves of the c4)mpany. and to 8nabl8 IA41 Iriii acAivKies ana IiaDililles io De met In tne eveni of delay In the receipt ot income.
ACT (ACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEEfHAMS LTD (A company limited by guarantee) TRWSTEES, REPORT Icontinued> FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT a. CONSTITUTION The charity is constituted und8r a Memorandum of Association dated 19th February 21M)7 and am8ndèd by Special Resolution on 2nd Marth 2009 and is a registered chanty number 1129668 and is a company limited by guarant88. The company was Incorporated on 19th February 2007. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the charity is the responsibility of the Trustees who are elected and copted under the temis of the Artlcles of Association . Trustees are member5 of the community who share the companys obj8CtIV8S. c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES Trustees are inducted in line Charity Commission recommendations. d. ORGANISATIONAL STRUCTURE AND DECISION MAKING The company is administered and managed in accordance with the Artides of Associalion by the Trustees named on page 1. All decisions are made at a meeting of the Trustees, at which 8 quorum of three out of the five Trusteas would be present. . RISK MANAGEMENT Trust88s havè assessed the major risks to which thè charity is exposed, in particular those related to the operations and finances of the charity. and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. These major risks are the impact of short term fvnding, changes in fundlng streams, changes lo key personnel and d)anges in local and central govemment policy. PLANS FOR FUTURE PERIODS a. FUTURE DEVELOPMENTS Obtaining core fundlng has been a prlorlty, and the income received from a gacY from a past trustee In the recent past was mi)st beneficial. The chaiity was successful in bidding for project fvnding so that we can continue to offer a wid8 range of activities throughout the year. There maIn many challenges for us in the futu that will enable us to sustain and develop the programmes we are able to undertake. We want to continue to be self-sufficlent and be able to run the cent in a systematic way rather than rely on Ihe occasional hand-ouL when funding becomes critical. We also want to build on our sulxesses and ensure that the w)ung people, who use the charity. continue to play an incr8aslrKJ and activa ro18 in the way it Is run arKI organis8d. Our p5ans indude: Harnessing and using energy from the local community to address the challenges faced in the area, by encouraging more invofvement by parents arKI guardians and the wider communtty in volunteering and supervising activities Encouraging more ng peoped projects Developing and sustaining more family focused seif-help projects ExpandiryJ thè use of the Centr8 by enmuraging other organisations. agenaes and other comrnunity groups to use it, and making it available for parties and other acbvitss
ACT (ACTION FOR THE COMMUNITY AND TOWN) AT THE CHEETHAMS LTD (A company Ilmitad by guarnntee) TRUSTEES. REPORT Icontinued) FOR THE YEAR ENDED 31 MARCH 2024 MEMBERS. LIABILy The Trustees of the charity guarantee to contribute an amount not exedIng £1 to the assets of the company in the evenl of winding up. TRUSTEES. RESPONSIBILMES STATEMENT The Trustees (who are also directors of ACT {Action for the Communty and Town) at the Cheethams Limited for the purposes of company law) are responsible for preparing the Trustees. report and the financial ststements In accordance with appIlble law and Unrted Kingdom Accounting Standards (United Ktngdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charitsble company and of the incoming resources and application of resources, induding the income and expendilure, of the charitsble company for that period. In pparing these financial sralements. Ihe Trustees are required to= select suitable accountin9 poliaes and then apply them consistenty, obserie the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent., prepare the financial ststements on the going LX)n(%m basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for kewng adequate accounting re¢ords that are sufficient to show and explain the charitable )mpanS transactions and disdose wrth reasonable acujracy at any time the financial position of the charitable company and enable them to ensure that the financial sLgtements compty with the Companie5 Act 2006. They are also responsible for safeguarding th8 assets of the charitable company and henc8 for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 18 December 2023 and signed on behalf of U)e Board. Graham Jones Trustse Anne-marle Smlth Trustse Page 5
ACT (ACTION FOR THE commuNy AND TOWN} AT THE CHEETHAMS LTD (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF ACT (AcnoN FOR THE COMMUNITY AND TOWN) AT THE CHEETHAMS LTD (the 'chariV} I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2024. RESPONSIBILrriES AND BASIS OF REPORT As the Trustees of the charity (and its directors for the purposes of company law) you are responsib18 for the preparation of the accounts in accordance wilh the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the charty are not required to be audited under Part 16 of the 2006 Act and are ellgible for Independent examination, I report in respect of my examination of Ihe charitys accounts carried out under section 145 of the Charities Act 2011 ('the 2011 ACV). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(bl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I can confirm that no matters have come to my attenlion in connection wtth the examination giving me cause to believe: accounting records were not kept in respect of the charity as r8quired by sedion 386 of the 2006 Act: or the accounts do nol accord wlth those records; or the accA)unts do not comply with the acownting requirements of section 396 of the 2006 Act other than any requlremerrt that the accounts glv8 a 'true and falrf view whlth Is not a matter considered as part of an independent examinats'on; or the accounts have not been prepared in accordance with the metlK•Js and principles of the Statement of R8commended Pracb'ca for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems and have come across no other matters in connect5on vlith the examination to which attenbon should be drawn in this report in order to enable a proper understanding of the accounts to be reach8d. Signed Dated: 12 December 2024 Courtney Wright BA ACCA CW ACCOUNTANTS LI 30 Brotherston Drive Blackburn Lancashlrè B82 4FJ
ACT (ACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEETHAMS LTD (A Company limited by guarantee) STATEMENT OF FINANCIAL ACTivrriES INCORPORATING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Restricted UnroStriGtèd funds funds 2024 2024 Total funds 2024 Total nds 2023 Note INCOME AND ENDOWMENTS FROM: Charitable activities 36.274 500 36.774 32,18ti TOTAL INCOME AND ENDOWMENTS 36,274 500 36,774 32,180 EXPENDITURE ON: Charitable aclivilies: Charitable activtknes Govemnment costs 33.317 42,780 1,984 35,273 1.984 1,984 TOTAL EXPENDITURE 33,317 11,447 44,764 37.257 NET INCOME I (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS AND LOSSES NET MOVEMENT IN FUNDS 2,957 2,957 110,94n (10.947) (7.990) 17,990) (5.077) (5,077) RECONCILIATION OF FUNDS: Total funds brought forward 13.959 62,274 76.233 81,310 TOTAL FUNDS CARRIED FORWARD 16,916 51.327 68,243 76,233 The notes on pages 10 to 20 fonn part of these financial statements.
ACT (ACTION FOR THE COMMUNITY AND TOWN) AT THE CHEETHAMS LTD (A company limited by guarantee) REGISTERED NUMBER: 0611360S BALANCE SHEET AT 31 IAARCH 2024 2024 2023 FIXED ASSETS Tangible asséts CURRENT ASSETS Debtors Cash at bank and in hand 66,370 68,096 1.221 23.204 31.764 24,425 31,764 CREDITORS: amounts falling due within one year 122.552) {23,627) NET CURRENT ASSETS 1.873 8,137 NET ASSETS 68,243 76,233 CHARITY FUNDS Restricted funds Unrestricted fvnds 10 10 16,916 51,327 13,959 62,274 TOTAL FUNDS 68,243 76,233 The charity's financial staternents have been prepared in aCrdance with the provisions applicable to companies subject to the small companies regime. The Trustees Consider that the charty is entttled to exemption from the qUirement to have an audit under the provisions of section 477 of the Companies Act 2008 (Ihe Acn and members have not required the charity to obtain an audrt for the year in question in accordance wtth section 476 of the Aci. The Trustees acknowledge their responsibilrties for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparats.on of financial statements. The finanaal statements were approved and authorised for issue by the Trustees on 18 December 2023 and signed on their behalf. by. Graham Jone8Trustee the4dlarie SmithTrnsts• The notes on pages 10 to 20 form part of these finanaal statements. Page 8
ACT IACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEETHAMS LTD (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 Note Cash flows from operatlng activities et cash used in operating adNilies 12 18,5601 (2.036) Changa In cash and ¢a$h equfvalents In the yaar C'asn ana casn equivalen brougnt lorwaro (8.560) (2,036) JJ,ow Cash and cash oqulvalonts carrled forward 13 23204 31.764 The notes on pages 10 to 20 fom part of these financial ststements.
ACT (ACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEETHAMS LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial stat8m8nts havè been prepared in aeeordanc8 with Accounting and R8F(JrtirKJ by Charities: Ststement of Recommended Practice applicable to chaTities preparing their accounts in accordance wlth the Flnanclal Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) (effective 1 January 2015>- (Charities SORP IFRS 102)). the Financial Reporting Standard applicable in the UK arKI Republic of Ireland (FRS 102) and Ihe Companies Act 2006. ACT (Action for Ihe CommLtsnity and Town) at the Cheethams Ltd meets the definits'on of a public benefit enw under FRS 102. Assets and liabililies are inib'ally re¢ognlsed at hlstorlcal cost or transaction value unless otheThyise ststed in the r818vant aC)Un.n9 policy. 1.2 COMPANY STATUS The charity is a company limited by guarante8. Th8 members of the fflpany are the Trust88S naméd on page . In th8 ev8nl of the Charity being Wnd up. the liabllity in r8SP8Ct of the guarantee is limited to £1 per member of the charity. 1.3 GOING CONCERN No material uncertainties that may casl signlficant doubt about the abdity of th8 company to continu8 as a going concem have been identifi8d by thé Trusteas. Sufflclent reserves exist to Cover the charitable company for further losses that could occur in tha currant year. As a r8sult. the Truslaes feel that il is appropriate to continu8 to adopt the going concern basis of accounting. 1.4 INCOME All income is recognis&J once charity has entitlement to the In)Me, il is probable that the tncome will be received and the amount of income receivable can be measured reliably. For legacies. entitlement is laken as the 8arli8r of the date on whith either.. the charity is aware that probate has been granted, the estate has been finalised and nottfiration has been mad8 by the executor(s) to Ihe Trust that a distribution will be made. or when a dlstribution is received from the 8State. Receipt of a legacy. in whole or in part, is only considered probable when the amount can be measured relFabby and the chanty has been nobfied of the executorfs intention to make a distribution. Wherè legacies have been nolified to the charity. or th8 charity is aware of the granting of probate, and the criteria for income re¢ognitson have not been met. then the legacy is treated as a contingent asset and disclosed If materlal. Donated services or faciliti8s are rerA)gnised when the chafity has control over the item, any condrtions associated with the donated item have been met. the receipt of economic benefrt from the use of the charity of the item is probable and that economic benefit can be measured lIablY. In accordance wtth the Charities SORP (FRS 102). the general volunteer time of the Friends is not recognised and refer lo the Trustees, report for more infomiation about their contribution. l)n receipt. donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain ServIS or faciltties of equivalent economic benefft on the open market. a corresponding amount is then recognised in experKlitur8 in th8 p8riod of recthpt.
ACT IACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEETHAMS LTD IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (continued) 1.5 EXPENDITURE Expenditure is recognised once th8re is a legal or ¢onstructiv8 obligation to transf8r economic benefit to a third party, It is probable that a transfer of eca)nomic benefts will be required in settlement and the amount of the obligathon can be measured rellably. Expendlture Is dasslfied by activty. Th8 costs of each activty are made up of the totsl of direct costs and shared costs, including support costs involved in undertaking each athvty. Direct sts attributable to a single activty are allocated directy to that athvtty. Shared costs which contribute to more than ona activity and support costs which a not attributable to a single activty are apportioned between those activltles on a basls conslstent wlth the use of resources. Central staff costs are allocated on the basis of tim8 spent, and depr8ciation charg8s allocated on the pO.on of the asset's use. Govemance costs are those incurred in connèdlon wth admlnlstratlon of the tharfty and compllanca with constitutional and statutw requirements. Charitable activiti8s and Gov8rnance costs are (x)sts incurred on the charitys opeptions. including support costs and costs relating to the governance of the chanty apportioned to chaTitsb58 actNlties. JI expenditure is inclusive of irrecoverable VAT. 1.6 TANGIBLE FIXED ASSEfs AND DEPRECIATION All assets costing more than £500 are caprtalised. Tangible fixed assets are carried at cost, net of depreciakn'on and any provision for impairm8nt. Depreciation Is provided at rates calculated to wrrte off the c¥)st of fixed assets, $$ their esllmated residual value. over their expected usefvl lives on the following bases: Fre8hold prop8rty Equipment 20A straight line written off over three >8ars 1.7 INTEREST RECEIVABLE Inter8St on funds held on depostl is induded when receivable and the amount can be measured reliably by the chaty, this is nonnally upon notificalion of the interest paid or payable by the Bank. 1.8 DEBTORS Trade and other debtors are rocognlsed at the settlement amount after any trade dlscount offered. prepanents are valued at the amount prepaid net of any trade discounts due. 1.9 CASH AT BANK AND IN HAND Cash at bank and in hand indudes cash and short term highly liquid investments with a short maturtty of thre8 monlhs Dr less from the date of acquisition or opening of the deposit or similar account.
ACT (ACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEETHAMS LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (continued) 1.10 LIABILITIES AND PROVISIONS Liabilitiès are r8cognised when th8r8 is an obligation at th8 balanc8 sheet date as a result of a past event, it is probable that a transfer of economic b8nefft will be required in setdement, and the amount of the setd8ment can be esllmated rellabty. Llabllitles are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it musl provide. Provisions are measured at the best estimate of th8 amounts required to S8tt18 the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts. discounted at the pre-tsx discount rate that reflects the rfsks specffic to the Ilablltty. The unwinding of the discount is recognised withln interest payabl8 and similar charg8S. 1.11 FINANCIAL INSTRUMENTS The charity onty has financial a&8ets and financial liabilrties of a kind that qualify as basic financial instruments. Basic financial instrumenls are initially r8cognis8d at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequenty measured at amortised cost using the effe¢tNe interest method. 1.12 PENSIONS The charity contributes to a personal pension plan. 1.13 FUND ACCOUNTING General funds are unstriCted funds which are available for use at the discretion of the Trustees In furtherance of the general objecb'ves of the charity and which hava not been designated for other purposes. Restricted funds are funds whlch are to be used in accordance wFth spe¢lfi¢ restrlctions imposed by donors or which have been raised by the charity for partscular purpos8s. The costs of raising 8nd administering such funds are charged against the 5pe¢ffic fund. The aim and us8 of each restricted fund Is set out in the rH)tes to tha financlal stat&mer*ts. INCOME FROM CHARrrABLE ACTIVITIES Restrlcted Unrestricted funds funds 2024 2024 Totsl funds 2024 Total funds 202J Funding for community activities 36,274 500 36,774 32.180 Total 2023 31.680 32.180
ACT (ACTION FOR THE COMMUNITY AND TOWN) AT THE CHEETHAMS LTD (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FUNDING FOR COMMUNITY ACTIVITIES Restrlctsd Unrestrlcted Total Funds Funds 2024 Funds 2024 2024 Total Funds 2023 Trust Housa Henry Smith Charity BBC Chlldren in Need Communty Network Fund Harris Trust 500 500 23,050 10,000 500 11.250 10,500 9,930 23,050 10,000 3,224 3.224 Total 36,274 500 36,774 32,180 The tot81 grants recefved from Tnjst House was for £25.000 for the building improvement costs and has b88n spent in fijll but £20,000 {2023 - £20,5) has been included in d8f8rr8d incom8. This is to allow the capital grant to be written off in line with depreciation teS for the building. CHARITABLE ACTIVITIES 2024 2023 Activities and materials Refreshments Includlng volunteer and tuck shop costs Volunteer and training costs Building repairs and maintenance Cl8aning and jantiorial costs Heat, light and water Telephone and internet costs Insurance Sessional worker costs Stationery and postage Wages Pension costs 4.502 1,318 77S 694 2,921 42 261 123 757 6,544 489 2,670 6,375 9,161 120 2,558 6,375 221 16,619 437 15.277 414 Tolal 42.780 35.273 OTHER COSTS In 2024 charttsble activities of 33.317 {2023 - £27.223) was for restricted exenditure and £9.463 was for unrestricted expenduiure (2023 - £8.050).
ACT (ACTION FOR THE COMMUNITY AND TOWN) AT THE CHEETHAMS LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GOVERNANCE COSTS Restricted Unrèstricted funds funds 024 2024 Total funds 2024 Total lunds 2023 Accountsncy and payroll fees Depreciation on propety 258 1,726 258 1.726 258 1,726 1,984 1,984 1.984 In 2024 and 2023. £1.984 was expendibjre from unrestricted funds.. NEf INCOMEI{EXPENDrruRE) This is stated after Charging: 2024 2023 Depreciation of tangible fixed assets: - owned by the charity Accountancy and pawoll fees 1.726 258 1,726 258 During the period, no Trustees received any r8mun8ralion. During the period, no Trustees received any benefits in kind. Durlng the pedod, no Trustees received any reimbursement of expenses. INDEPENDENT EXAMINER'S REMUNERATION The Independent Examinerfs muneratIon amounts to an IndeperKJent Examination fee of £ 150 (2023 - £ 150), and payroll services of £ 108{2023 - £ 108).
ACT (ACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEETHAMS LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS Staff costs ware as follows: 2024 2023 Wages and salaries Other pension costs 16,619 437 15,277 414 17.056 15,691 The average number of persons employed by the charity durlng the year was as follows: 2024 2023 No. Facilty Manager narry Acllvmes Assistant No employee received remuneration amountlng to more than £60,000 in either year.
ACT (ACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEETHA•AS LTD (A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSEfs Freehold Office property equipment Total COST At 1 April 2023 and 31 March 2024 86,282 3,489 89,771 DEPRECIATION At 1 April 2023 Charge for the year 18,186 1,726 21,67S 1,726 At 31 March 2024 19.912 3,489 23,401 NET BOOK VALUE At 31 March 2024 66,370 66,370 At 31 March 2023 68,096 68,096 The land and buildings of The Cheethams was donated by Child Action Northwest and is induded at the transfer cost of net book value at 31 March 2010 of £33.128, fvrther renovat'ons occurred in the year ended 31 March 2015 at a cost of £53.154. DEBTORS 2024 2023 Prepayments 1.221 CREDrroRS: AMOUNTS FALLING DUE MTHIN ONE YEAR 2024 2023 Other taxation and social securily Other creditors Accruals and deferred Income 1,065 101 21.386 741 22,886 22.552 23.627 DEFERRED INCOME Deferred income at 1 April 2023 Amounts releaseu trom preoU8 years 20,500 150V) Deferred income at 31 March 2024 20,000
ACT (ACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEETHAMS LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CREDtroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR {¢ontinued> Deferred income of £20.O¢XI represents a caprtal grant from TnBt House which is b8ing released at 2D per annum In line with property d8preciation rates. 10. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Balance at 31 March 2024 Balance at 1 Aprll 2023 Income EXpendIre UNRESTRICTED FUNDS eneral Funds - all funds 62,274 500 {11,447) 51.327 RESTRICTED FUNDS BBC- Children in Need Henry Smith Charlty Harris Trust 6,459 7,500 10,000 23,OSO 3224 (9,376) (20,717) 13,224) 7,083 9,833 13,959 36374 (33.317) 16,916 The restrlcted fund from Trust House Is a c2pital grant for the buildlng arKI has been fully spent but Is being written off in line property depreciation rates at 20A per annum. Total of funds 76,233 36,774 (44,764) 68,243 STATEMENT OF FUNDS - PRIOR YEAR Balance 8t 31 March 2023 Balance at 1 Apnl 2022 Income Expenditure General Funds - all funds 71.808 {10.034) 62.274 RESTRICTED FUNDS Postcode Lottery BBC - Children in Need Henry Smith Charity Community Network Fund 3.622 5.880 (3,622) (9,921) (3. 750) (9,930) 10.500 11,250 9,930 6,459 7,500 9.502 31,680 (27.223) 13,959
ACT (ACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEETHAMS LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 SUMMARY OF FUNDS - CURRENT YEAR Balance at 31 March 2024 Balanca at 1 April 2023 Income Expendituro General funds Restricted funds 62,274 13,959 500 36.274 {11,447) (33,317) 51,327 16.916 76,233 36,774 144,764) 68,243 SUMMARY OF FUNDS-PRIOR YEAR Balancv al 31 March 2023 Balance at 1 Aprtl 2022 Income Expendtture Gen8ral funds Restricted funds 71.808 9.502 500 31,680 (10.034) (27,223) 62,274 13,959 81,310 32, 180 (37.257) 76,233 11. ANALYSIS OF NET ASSETS BETWEEN FUNOS ANALYSIS OF NET ASSETS BETWEEN FUNDS . CURRENT YEAR Restrlcted Unrestrlcted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Credrtors due within one year 66,370 7,509 (22,552) 66.370 24,425 (22.552) 16,916 16.916 51,327 68,243
ACT (ACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEEfHAMS LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. ANALYSIS OF NET ASSEfs BETWEEN FUNDS (continued) ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Restricted Unrnstricted fvnds funds 2023 2023 Tot81 fvnds 207i Tanglble fixed assets Current assets Creditors due within one year 68,096 17,805 (23.627) 68,096 31,764 (23.627) 13.959 13,959 62.274 76.23. 12. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Nel expendlture for the yBar (as per Ststement of Flnanclal Activities) {7,990) (5,077) Adjustment for: DepreciatK)n charges Increase in debtors {Decreaseyincrease in creditors 1,726 (1,221) (1.075) 1, 726 1,37J Net cash used In op•ratlng actlvltles 18,560) (2,036) 13. ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash in hand 23.204 31,764 Totsl 23.204 31,764
ACT (ACTION FOR THE COMMUNrrY AND TOWN) AT THE CHEETHA&IS LTD (A company limited by guaranteè,: NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. PENSION COMMITMENfL. Pension Gonln'bub'ons ware paid into a personal pension account. Pension contributions of £101 were outstsnding at 31 March 2024. 1& RELATED PARTY TRANSACTIONS There were no relateed party transacttons for the year ended 31 March 2024. 16. CONTROLLING PARTY The charity is controlled by the Truste8S.