GREAT PARNDON COMMUNITY ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY REGISTRATION NUMBER: 1135946 COMPANY REGISTRATION NUMBER: 07217688 ( England & Wales )
GREAT PARNDON COMMUNITY ASSOCIATION CONTENTS Page Reference and Adminlstrative Details Tru5tees' Annual Report 2to5 Independent Examlnern Report SLknment of Flnanclal Activiti•s 7t08 Balance Sheet Notes to the Financlal Statements 10t015
GREAT PARNDON COMMUNITY ASSOCIATION REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023 Legal and #dmlnlstrativ• d*tsils Stafv$: The organisation is a Gharitsble company limited by guarantee, incorporated on 8 April 2010. The company number is 07217688 The charitable company was registered wilh the Charity CoMmissn c 13 May 2010, Number 1135946. Prin¢yal addrus and Registered oifice: AberGrombie Way Harltvw Essex CM18 6YJ Company Secretsry I Chairman: Alan Jones DirOctornvUstee#. Dawd Ingold Alan Jone$ Peter Woolfiyd Karen Bartlett Mary Kerrigan Peter James Kaly Parkin Nicholas Jeffery { Resigned 201h Juty 2023) l Appointed 20th July 20231 ( Appointed 20th July 20231 I Appointèd 201h July 2023 > As$o¢latg Dlr•¢lor: Dawd Shimmen The ¢haritys profes$lonal advlsers are as follows: Audstorn: B4nk•rn: Community Ad¥tso Taylor. Viney & Marlow Lld 4&54 High Sireet Ingaleslone CM4 90W Barclays Bank PIG. 2 Temiinus Stffjel Harlow Essex CM20 1Er Community Matter8 8-9 Upper Street Islington London N1 OPQ
GREAT PARNDON COMMUNITY ASSOCIATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees, who are also dire¢lors of the charity for the purposes of the Companies Act. submit their annual report and fjnancial statement5 Iw the year eThled 31 December 2023. The trustees hv& adopte¢l the wovisions of the Statement of Remmended Pfath"ce ISORP 2019) Accounb"n9 and Reporting by Charities" IFRS1021 in preparing the annual report and financial statemènts of the charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng l)ocum8nt The ¢h3rty iy a ¢haritable company limitsd ty gu¥anlee and was irKorporated on 8 April 2010. It is gover by a memorandum and artides of aswriation. and also registered the Charity Comniissioners. Oryanlsatlon. gevernMnc• and intsrnal ¢oDtrol Under its constitution the policy of the association is direGted by a General Committee. Accordin9 to the terms of the ChtieS Act 2011. these Pkworary officers are regarded a5 trLtrStÈes ol G31 Pamdun Community ASsoclI0n as ihey are responsie for the management of the charity. The twstees ale elected nallY at the Annual Gertoral Meeting and Ihose who ¢JentlY serve ale listed on thè attached schedule of Legal and Administrative Informati¢Jn. The charity is organtsed so that the trustees meet regularly to manage the affairn of the 8ssouatNTh. There Is one full time diiector who is rèsponsible for the day to day wnnTrn9 of tre charity and its administration. and there 1$ a coMY Secretary who is regptsnsIe lor wmmunication betren all relevant employÈés and trustees. The rémaining staff and directors * employed to manage develop particular sèrvio sections alcry wilh administrats've responsibilities, wth SulFmMIttee$ covering development, membership and finan¢e. Appointmorrt, Induction & training of trustees Trustees arè sought vi8 relevant grtrjps, WTth nominations fr¢)rn members of the asswab'on. When Condering new trustees. the board has regard to the requiremenl for the skills and expertise required. The trustees. inductNJn includes det?iled informati of their legal obligation under charity and rnPanY Lv. the tent of the Memorandum and Artides of A$$o¢iation, the committee and dedsion ming Ffocesses, the det0pment plan and r8cert finan¢k41 performances of the eharity. During induoon, they will meet key employee5 and other trustee5. Truste•$ are encrjjraged to atteryl appropriato training events whert these will facilitate their und8rtaking of Ihwr TO. Risk management The or9anis31ion has a risk magement strategy whith compristss of.. an annual review of the risks the charity may face,. e$tablishrnent of $yslems. procedures and adions to mitigate those risks identffied in the plan; • the IM¢entatiOn ol the p1creduS and actions degned to minimise any polenlral Im¢1 t tharity should those risks malerialise.. b and procedurt$ pth in SCe lo ensure compliance with he4lh and safety laws for volunteers and visitors alike. Our ehild and vulnerable adult piolection policy is also updatèd anrwjally to tske into account safeguarding requirements. AIMS AND 08JECTIVES The è55ociation is a 5uwsful. vibrant communty farilty and source prowding a 54e and walccthing meeting ace. The association exists to iffprove the quality of lrfe for the inhabitants ol Great Pamdon and the SUTrounding neighbourhood by offering excellent services whth provi<Je a range of eatIOnal. recreational, ojltural and Soal opportunitie$. It is a pla people from diverse backgrounds come lo $oc¥ali$è, l•am and enjoy. We work in Consultalian and partnership with the local community and statutory and voluntary agen¢ie$ in developing our progrwnme and regponding to emwging needs and new initiatives.
GREAT PARNDON COMMUNITY ASSOCIATION TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 In addbtion, th¢ Great Par100 Communlty 899o¢latlon aims lo.. prove the qualty of lrfe Ihe local wmmunity, * provk1e an ac¢es$iblg, welcoming venue and I81 pdnt for the Mmmunity, a pl#¢• for pecp(e ty meet an¢ $oGkili$e. 8 space for ktal organisal&Jn5". provide a range of ISJW or no c4st èthJ¢alional. recreational. soual and cullwal aCtiVrt9 that arg a¢ces$ibb 10 local wop in response to loc41 need,, ' provide a local facility gnd resouot which prn0t8$ and 8ncoura9es kamiry, dthbprrnt and a stronger ¢ommunty', ' prcmde and advosale the needs of glows based in thfr cenlre and provbJ• oppTr lor rfroie inlegraiK?n and inclusion betrn usets- ad 4$ and InfDrmal Information Foinl on Sdivits and services.. . to maintain 8lrate9i¢ revanGe ilh partnershws, local aulhwty #nd fu11n9 d$. rhe 4uo¢i•tiM is non-party inpoHb¢5 •min¢tr86Ct•i•n In rellgl¢m. ACHIEVEMENTS AND PERFORMANCE After anoffter year wrth no iniwuplions sir9 the pand•mlc th• association PA$ fBlumed to srnffial Prtrcov ¥ding and acli¥dy The Truslees are therefo rn9 Ihan happy with the overall perfomance and re5utts off the back of th. OUE to kqrg8 groups being abre to return 10 ponnalty has seen the biggest inprovemefii this year in the Playgroups area which has seen a 9rowlh gfjusl ovtr 33% when c¢wnpared to la$t year. Ouring tr¢ ¢urrEnt wr 20rJ $taff hav• recwved abrN• Infla1rn s•iqry increoses ¢ostiTrJ the a550Eiatipn an e51wnated £2P,OOD exlra wage costs. Tha associalW were hoping thi5 woupj be cover&1 by the cantinu8d InCa$8 In Hat¢he$ but so laf to d81• the addrtna1 e in Gmps as expethd and fun)n$ are Winrwng 10 leweS r>ff. PLANS FOR THE FUTURE OUT fulure plans will be lo ke¢p encouragirg groups t¢ relum and lorn n•w partfiershi with rffw growps and organisalions lo delNer much needed The8llh aThJ Wel1ng sukwrt. Th WH cwie in the ftym of new balan and SI91h wups. n¥ children grrrtjps and an extensicffj of our pre- sthooi and nursery provL$n5. Other partnership5 are in the process of belng forTn&J wih the loc¥1 SlrokÈ group5 d•lniering more ¢14$ses E$s¢x County Cwncil Ond Harlow Court¢il delwenre mentsi h851th seN¢co$ In our organisatDn Further ppans for 2024 are to conlinue wtth the FefuNbi5hrnÈni ol Ihe buik¥ing3, i¢h sel to a fflajor rt- re tn The Link lor approx. £14,000, 8 new scurnl system ai the Link around £12.000. a conliThuan¢e of upgrades all Ihe hatches wrth toile15 and kiteh•n are88, n8w doubk glazing ai the Link £1¢,000. Now tolts will be buitt at Shernards al a Cost of£7.000 Ther8 a ptaned gardeTh up9radè al the Link for L2t¢r in 2024 will Gosl aroun¢J £40,CW arnl a sournl $ystern lorthe GPCA c05tiig around £12,OJO. The Great Parndon has continued with il heavy ¢l?aniTrJ programme. vlth all carpEls ¢aned ty an iodustrial C(panY ai a lotal cosi orarr1 £5.000 lor all bulth'ThJs. WODden flDPtS teing sandwj and re5E4ed costw aFound £3.0. W8ges have conlinued lo in¢reasewith Ihe inlr¢duction of th& a8e in minlrnum wage and no rndudK)n for 8mpWf5 iegardirvJ Nl. éue to the ineAease m wages thi h85 rr&en consid•raW along wth the pension con1ribulns by the employer. The 05SOtlal)n has a1$0 n.U8 ioeyrier8 high ener¢Jy increase5, ra liketyto coniinue ftrthe lore58eab futurè FINANCIAL REVIEW The ¢h8iity continu1 vAth anoiter p05fflive retwniw a surF4us on M$ opoiallry adrtieS of £1S,C65, a ecr2ase though of £89,185 when comp3red lo 2022's surplu5. This has sts"Il teen aGhelvgd avon wtlh overall costs incTeasihg ITh year by some 5.30%. Now the asswalion ha5 relu¥rd to full opei#tions afief the Pandom and levels rturning to PFe-pandemic ¥1¥. The trustee5 ntw4 feBI Ihe Charfty is still in 4 very strong position and has 8 Strong balance 5heei to which will hew convibut8 10 the pkns ouyined abo¥elor 2024. The Iw51ées of Gfeat Parndon Communty Asscv8lon are ol the opinren that Ile charity conlinue as a going on¢ern lor the fore$eeabki fvlute. this bei00 12 months frorn Ihe dale of approval ef these financi815t8lements. This opinKJn ha5 be¥n r8ached Ihrough the ol IrKornE 8)MI costs, bget$, cash fltyw foreGaslg and $tralE9ic planning.
GREAT PARNDON COMMUNITY ASSOCIATION TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Finally. no finanryal review would be mplete wthoLrt acknowledging that the As8ocob'on ft¢fits from the in- kÈnd contribution5 01 a large number or vcntear5, many of whDm have made a committed eonlrlbution for many year$. Thw contril)utKJn is invaluae, es5erthal and unquantiflae arKI gr•aly received. The G.P.C.L Link TvadSng Company Limited The tharitys whe41y owned trading subsidiary c•rftes out noTrth8rilable trading activities on behalf of the charity. Investment policy and retums The association ha$ tho power io invest money rwJt immediately requireil for its objecllves in or Lwn suth investments, securities or propoty as thè association may think frt, subject to suth condlions imposed by law. Roserves poliGy and risk management The trust$ monitor the progre88 of the ftmd ralsing activities at each monthly meth.ry arKI a c¢xYyehen$ive review is Carried out annually. It is the trustees, view that il is prudent to ensurè IttAi there a sufficient free reserves tg provinG• finantial flexibility over the u>urse of forthcoming challenges. The charity5 CLwrenl lun¢JraisiThJ strategies are o)nc*ntratOng w raising funds from the customers of the d)aritys wholly subsidlary. The G.P.C.A. Link Trading Company Limil¢d. The trustees carry oth an 8nnual review of the risks vthi¢h Ihe charitsble company may face and set Lxjt proureS to minimise any potential imp3Ct on the charrtable comp•ny should any tf Ihe risks maten"alise.
GREAT PARNDON COMMUNITY ASSOCIATION TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Truste85' re$ponslbllOU•s The trustees (VI or& atso diréct5 01 Greal Pamdon Communily A6$Iation for the purpose8 of company lawl 81¢ responsible for preparing the Twstees, Rfjport and the Ilnancial statements in a¢wdance wlth appli¢abl8 law Uniled Klnodom Aecounllno Slandards Iunlted Kbngdom Generally Accepted Accounung PraclTC81. eAJrnpany law requims tha trust to prepare fancIal statements lor e3th llnanc5al year. gfve a tn and fair view of tha state of aff8irs of Ihg charitablè company and of the Incomifig rasources 8nd applicmilon of restsrees. Indudlng the Ie and gxpenditurè, of the chwltat48 company for the ygar. In pr8paring these financial 31alemenls. the Iru$tees are required to.. sakcl suttabje atyjnt1ng pdi¢ies and then applythem ccffj8sstenlly,' • Ltservo the methods and windpl85 in lh8 Charities SORP 20191 FRS102 . make JUdgennts and estimates that are reasonable And wudenL . slal8 whether applleable UK Accounung Standards have b¢en folkntsxd, subi8ct to matwtal departur•s disclosed explalned in ihè stalèmont of accounts., prepar8 thè fjnanclal stai8mornl¥ on the gng concèrn basi5 Unl bl is Inapproprf48 to presume Ih81 th¢ charitsble company 1 conlinL2• in operation. The Iruslee are resp)rh8lble for keoplny 8dequat¥ accounting record8 whlch diwjoso vAth rnaSonab accuracy al any lyne the financial poslllon of tha charitable coMY and ènable tham 10 8nsure that the finan¢ial statements comply wlth the Companles Act 2006. They ¥re also responslble for safeouardlng the assets of the charitable Company and hence for taking reasonablè steps for he preventlon and détectlon of Iraud 8nd 0th8r Irregu18ritlas. In so far as the Intstees are aware.. . there is Th) relevant athllt information ofthith tharhable company'¥ audilcys Is unaware" and . the twsle8s have taken all sleps Ihat thgy ought to havè tsken io make Ih6rri¥elvos 8wo of 8ny relevant lTrformallon and to estsblish that the audilor is aware of that infomiathM. Thls TeFLYt was apprDved by the Board on 12th September 2024 Alan Jon& Dlr¢ctor
GREAT PARNDON COMMUNITY ASSOCIATION INDEPENDENT EXAMINERS REPORT ON THE UNAUDITED ACCOUNTS TO THE TRUSTEES OF GREAT PARNDON COMMUNITY ASSOCIATION I report to the ¢harity Truste8$ on my examinati ofthe accwnts of the ¢ompany for the ygar ended 31 De¢emts•r 2023 which are sel out on pages 7 to 15. R•sponsibil•tle$ •nd basls of report As the Charity Tru$l¢es of the company (and alw its dwÈctcrt for the purp05e8 of company lawl yw are responsible for the preParatiC oflhe aco)unts in accordaneè with the requirements ofthe Compan5 A¢t 2CQ6 fthe 20 Acl'l. H8viNJ satisfied myselfthal the accounts of the company are not reqUId to be audited under Part 16 of th8 2fj Act and arè eligible for independent examination, I report in resped of my examination of your (mpanIS arLounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out ry examinetion I have flOWed the Dirndions given by thè Charity Commissi¢Jn U1•r seclion 1451Sllbl of the 2011 Act. Indgpèndent exnlnerfs stst•ment Since thè company's gross income exceeded £250,O)O your exarnir must bè a member of a body li%led in sertk 145 of Ihe 2011 Act. l ¢onfifm that l am qualifie¢J lo undertake the examinaiion bec8use l am a member of thè Instttute of ched Accountants in Enoland and Wales. wlmch is one oft• listed btyjies. I have ts)Mped my exarninalion. I confim that no matters have Come to my attentic in connection vAth the examinati gNing me eause to lIeVe that in any material respect: accounting records were not kept in Spect of Ihe company as rewired by section 386 of 2006 Act: or the accounts do not accord with Iho$e records., or the accounts dc) rl com wrth the *counting requirements of sedion 39S of the 2CTh Ad olherlh8n any reouirement that thè aco)unls give a 'lrue ¥nd fairview, whith b not a mattèr considered 8$ part of an indèpendent examination". Ihe acunt$ have not been prepare(l in aordanCe with the methcN1s and prlnaples of the Statement of Re¢ommended Practice lor accounting and reporting by chan'e5 applicaNg to charilies preparing their accounls in accordance wrth thè Financkql fteFing Standard applicaNe in the UK and Rep¥Jblic of IrelarKJ IFRS 1021. I have no concerrts and have corne across Th) olher matters in conneeiion wlth the examination to whid) attention sh¢4Jld be drawn in this report in order lo enabl? 3 proper understsnding of the a¢Unts 10 be reac. Siqned: Nell A. Chambers Associatlon of Chartered Certltled Aceountsnts Taylor. Vlney & Marlow Limlted Chartered A¢countsnts 46-54 Hlgh Street Ing&teston• Essex CM4 9DW 12th Sgptember 2024
GREAT PARNDON COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlct•d D¢slgnaied Funds FLÈnds 3111212023 3111212022 Notès In¢omlng Re•ourceg Incomlng resourcei fr(rn charStsble •¢tMtI Comrnnity Centre$ Hatches 153.883 470,690 42 153.883 470. 138,839 518,118 9.224 Donaltons 42 Other Incorning resources Membership lees and sundry income Inveslrnenl irwrne Government Grants Lottery Grants 7,560 526 7.737 20 17.042 526 Totsl Incoming r•soli•S 632,701 632.701 Resources •xp•nd•d Cost oleharltbl• aetivitles Social events and leisure activities Hatches 21,$27 371,840 21,527 371.840 22,827 339,493 Other •xpgndltUTeg Wag•s and salaries Social 3rty c>)sts Light and heot Rent, rates and ¥h8ter Repairs and maintenanre Caretaker and cleaniThJ materials Office telephone Printing. postage and Sery Insurance Depreciation Sundry ex¢ense5 Bank thaiges Legal Fees Advertisir¥J Irree/Jverable VAT 41.655 41.eS5 4.082 52.603 44,057 S,&J9 11,915 12,401 2,606 8,586 18.077 2,197 2,056 31,113 5,767 41,680 40,411 12,812 21,065 11,140 10.327 11,405 1Q018 3,339 767 52.603 44,057 11.915 12,401 2.6C 8,5e6 18.077 2.197 6,673 6.673 9,783 Govfan¢e costs Audlt acctyjntsnry fÈÈ¥ 2,783 2.783 2,783 T¢)tsl r¢8our¢•s expend•d 613,636 613,638 582.730 TDx8tK)n charge Net in¢omlnWloutgoing} ¥ourCeS belore transfrrn 19.065 108,250 19,C65
GREAT PARNDON COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted D¥¥ignated Funds Funds 3111212023 3111212022 Hi8tori¢al cost 5uWus I surplus for the period 19.065 19,065 108.250 Transfer of funds 197,5201 97.520 Net movement on funds 178,4551 97.520 19,065 108.250 Funds at 1 January 2023 554,721 200,000 754.721 046,471 Funds •t 31 Dec¢mbgr 2023 476,266 297,520 773.786 754,721
GREAT PARNDON COMMUNITY ASSOCIATION BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2023 Notes 3111212023 3111212023 3111212023 Fix•d 1ss•ts Tgngible assets Invaslments 148.878 4,1 148.833 4.100 152,918 152.933 Currènt aS8•tg Debtors Cash at bank and in hand 123.272 528,$28 115,608 504.737 849,800 (28,992) e20. (18,5571 Creditors.. amounts falllng thip wlthln on• y•4r N4t cuNont 88¥•ts 620,808 601.78B Total assgls curr•nt Ilablllt508 773.786 Y54,721 Funds Unresirictad funds- gener81 Deglgnatéd fund$ 476266 297.$20 SS4,721 200.oc Total funds 773.786 754,721 F¢x the year 8Trding 314 Decernbw 2023 the company was entitled audlt exemption under seclkffi 477 of the Companies 2006 relating lo small compenles. Directors. reswsnglbllltl68 - Tho mgnknws hav8 not rnquired the MpanY lo colaln an audit of its IInancl sta18rnts for the year i qu8stlon in #cdanCe with section 476: - The directors ackn¢(lge theiT rèspoisi141ilies for complying with requlfemdnls of the Act hsith respect to ar£ounng records end the PTepaT8tion of ihe financi81 staiernents. The fflnanclal 8talem9nt8 W8re approvad and for issu8 by tha trusieo¥ on 12th September 2024 slgned on Ih8tr b8h811 by.. Karen Bartlètt, Dlreetor Company Reglstration No. 07217688
GREAT PARNDON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ActntIng polic1•8 The ftlowIng ac4xuntiro polides have been us&Y consistwWy in dealirKJ with It8 vknith are onsidered material in rela1)n to the charitable companls financial statements. 1.1 Basis of accounting The financial ¥latements have been prepared In aC(danCe with A¢counlir#J and Reporting by Charilles.. Statement of Recommended Pra¢b'ce applicable to charitie5 in a¢¢ordance wth the Financial Reporting Standard applicable in the UK and Rèpublc of Irtrland IFRS1021 issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 20161, the Finanryal Reporting Standard ale4b tn the UK #nd Republic of Ifeland IFRS1021, the tharities Act 2011. the Cornpanie8 A( 21J06 and UK Generally Accepted Accounting Practico as it applies fr(Kn 1 January 2015. The Charity has applied Update 8ullelin 1 as publi$hed on 2 February 2016 and ¢kes not nKludé a (ash flow statement on the grounds tttat it is applwng FRS 102 S•dion 1A. The fin181 staternents have been wepaod lo giv8 a'lru• and fairf view and hove departed the CharrtTr8s {Accounts and Reports) Regulab'ons 2008 only to the èxtent rèquifftd to provide a'trug and fai ew. This departure has involved folowing th• AccountKng and Rewb'ng by Charitie$. Statement of Remmended PTartin applicable to Charit$ prepann9 their #trunt$ in 8c¢utsn¢e with Finanoal Reportin9 Standard applicable in the UK and Republic of Irèl$nd IFRS102} i$$ued on 16 JY 2014 rather than Il Accounting and R8POrtir4J by Charibès.. Statement of tMMended Practice effective from 1 April 2005 which ha$ sinea been wihdrawn. The finanoal statements are prepared in sterling, 1¢h is the function81 Curren of the company. Monet8ry amounls these finaroai statements are rounded to the nearest £. 12 Compary status The charity 1$ a ¢ompany limited by guntee. The members of the compary are the trustsos named page 1. In Ihe event of the charty being wound up, the liatility in respect Df the guarantee is limited to £1 per member of the ch8rily. 1.3 Fixod asgets Fixed assets are recorded at cost or. ih cases where fNed assets have bgen donated to G3t POn Community Association, al valLtion 81 the tlme of acquisftion. 1.4 D&prociation Depreeiation is provided on all tangible red assels al rates calculated to write do the Cost or valuation, less estimated residual value, of all tangiNe fixed assets. with the eXCeptn of freehold land,. over their expected useful economic lives as ff4lows'. Leasehold PTopertse$ Plant and mathinery 2%&10%onl 15% on Gost
GREAT PARNDON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies ¢onrfnued 1.5 lfft¢omÈ rècognition All incoming le5¢)ue$ We included wilhin the Statement of Financial Ad'vities (SOFA) vknen th8 tharity is legally entitled to the COme after any perfOrM¢t condition5 have met. the amount can be ma5ured liablY rt is probable that the income will be received. Incoming resources frcm operatlng aeti¥ibe$ IrKome from ¢eAnmunity centres and hatches is accourted fly on an acuuals basis. Donadons Income from donaticns 1$ included in ificorring resou$ when it 15 receivable. Membersthp lees Income from membwship fees is Included in incoming resourcEs on an aecruals basis. Investnient income Investrnent in¢ome is reeognised in the accounts Ykngn it is réceived. No amDunl is induded in th8 finanrial $lalemenls for bdunleef tiFne in line wlh the SORP IFRS 1021. Further del•il 1$ given in the Trustees, Annual Report. 1.6 Rgsources •xpendad Reswrces expended are induded in th8 Strnent of FanOI Activitlgs on an accrua15 basis. excjusive of VAT. Certain expnditures are directty 8ltributAe lo charilable activities and have been included in Direct Cha¥itsble expénditure. 1.7 Irrecoverablo VAT The charity is registered for VAT undgr the partial exemption VAT rules. Irrecy)verable VAT is disdow separately in the slalemgnl of finan(aal activities rat than absorbed into its (y)rresponding component sts. 1.8 Investments Qu¢)ted investments are valued at the mid market price at the dose of busines8 ¥t the ye8r end. Unquoted investments are valued by the Trustees after taking approprie professional aifvice. Uftrtised investments are valued al the average ol lyd offer prices or, if the bid pric is not available, by adjustment lo the offer pnce. 1.9 Taxatlon No provision has been made fry ryjrporatton tax or deferred lax as the Charity is an exempt charity ithin the meaning of schethle 3 of the Charities Act 2011 and is considered to pas8 the tests set out in Paragraph 1 of Sd)edule 6 of the Finance Ad 2010, and therefore meets thè definition of a charitablg company for UK Cofporallon tax purposes. 11
GREAT PARNDON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcis eontinu•d 1.10 P•nslons The tharity operate5 a defined contribution heme tor ts benefit of its employees. Contribubons payable are charged to the Ststement of Financial Actiwlies in the year in tch they are payable. 1.11 Fund accounting Funds held by the charity are either." Unrestricted general funds - these are funds which can be used in accord¥n¢e the charitable cl)jects at the dis¢relion of the Iruslees. and which have not been designafrd for other wrpostrs. Designated lunds - Ihese are funds set aside by the trustees art of unrestricted ganeral fun(ls for specific future purposes or projects. Restrlcted fund5 - these a fvnds that can only be used for pa'Cular restrted purposes wthin the objects of the charity. Restrictions arise when spe¢ified ty the donor or vthen funds S raised for particular restricted purposes. 1.9 Going ¢onc•m The financi81 $tements have been prepared t)n a goirrfJ concem basis as the tfUStee$ believe that no material urrtaiDti$ exist. The tru$tees have considered the 18vel of funds hdd and the exF*cted level of i1e and expenditur¢ for 12 months frorn authori9 these finanual statements. The bgted inefyne and expenditure is suffi¢ient wlh the levol of reserve$ for the ¢harity to be able to continue 0$ a g(Mng r))ncern. Gommunity Centres Unrestricted fund$ 3111212023 3111212022 Link Trading COffnY rent Lettings Pool tsble Sory81 events Lasure xtivTlies Vending and video machines 53,657 53,657 53.842 979 87.462 (3,444) 92.911 6.647 92,911 6.647 1S3,883 153.883 138,839 Hatch05 Unrestslcted nds 311IJ2023 3111212022 Playgroups Lettings Leisure activities 413.015 413.015 454.828 57.675 57,675 63,290 470.690 470.690 518,118 12
GREAT PARNDON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Inwesbmint Income Unr•¥trictsd funds 3111212023 3111212022 Interest weived 526 526 20 526 526 20 Net incoming 1 (outgolngl r8sour¢es before tr•nsfers Thenotth¢onrhg1(oirtyoln9J resources beforn tr01¢f¥ is st•défltr¢hwg1Tr57.' 3111212023 3111212022 Deryeciation Auditors. renyjneration 18.077 2.783 18.018 2.783 Trustee directors and employeos Staff costs were as foltows.. 3111212023 3111212022 Wages Ond salaries (AdmFnIstratic} Overall SOCI security costs 41.655 4.082 31,113 5.767 45.737 36.880 The average number of staff employed by the charity during Ihe year was.. 3111Z12023 3111212022 Preschools a Playgroups Administration Caretakers and deaners 24 25 27 30 During Ihe year no errployeg ened £60,000 or more per annum. The care workers, and preschoc4 &.playgroupg' wagès and social security costs were indudgj under hatches. 13
GREAT PARNDON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Tangible Ilxed assets Leasehold land & buildings Plant and Ma¢binory. etc Tot•1 At 1 January 2023 Additions 'sposa15 223,440 15,818 103,5S6 2.303 326,996 18,121 At 31 DecembeT 2023 239.258 105,859 34S.117 Depfv¢iatlon At 1 January 2023 Charge for the year Di¥Fosals 102.099 6,827 76,064 11.249 178,163 18,077 At 31 December 2023 108,927 76.064 1,240 Net book value At 31 DoGfmber 1023 130,331 29,795 14e,877 At 31 Dtt¢mber 2022 121,340 27.492 148,832 Fix4d •8get investmenls 3111212023 3111212022 Barclays UK Alrkq Fund {A) Ina)me 4.100 4,100 Market Value 13,691 12.802 31M212023 3111W2022 The GPCA Link Tra<ling ComparTry limited Other debtOTS Prepayments and acwed income 108,651 6,000 8,027 108,851 3,CQO 3.957 123,272 115,608 10 Creditors: amounts falling du¢ within one yg•r 3111212023 3111W2022 Accru81s and deferred income Net wages and tsxation otr credilcKs 14,113 13,538 1,340 13,486 3.773 1.299 28,991 18.558
GREAT PARNDON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11 Retirnment bgnèfits Defined ¢ontslbution scham The charty orerate$ 8 definéd conth'bulion pension scheme. The assets of the scheme are held 5eparate5y from those of the charrty in an independent admir4$ted fund. The pension Cosl dTaf9e reweseDts contribub.gns payatAe by the chartty to thtr fund. 3111212023 3111212022 ContrilIenS payable by the charty for Ihe year 3.703 3,452 12 R•muneration lo audltovs The total paid to the aLYitrJr$ by the charity related lo the fd1WIng services.. 3111212023 3111W2022 Audit oThJ o¢c4unts production 2.783 2,783 2.783 2,783 13 Relat party transaclions Al ihe year end the charity was owed £108,651 12022.. £108,651) from The G.P.C.A nk Tradng Company Limitsd in respe¢l of an interest free loan aettyjnt. The diractors hold the shares in The G.P.C.A knnk TradirvJ Comwy Limited on tehalf of the charity. The direclor8 have no benefioal interesl in Ihe issued share capital of The GPCA knnk Trading Company Limited. 14 Financial Commitmwts At 31 Decemter 2023 the chaty had amual Commitments under non-canceiFable opering lease 48 follows.. Land and Land •nd buildlngs twildings ExFiry dale.. 3111212023 3111W2022 In over five years 28,040 28.040 28,040 28,040 15