Trustees’ Annual Report
Tutbury Old School Community Association (TOSCA) Ltd
1st August 2023 – 31st July 2024
The building and its users have continued to thrive this year. We were delighted to receive a significant grant through the National Lottery Community Fund to replace the old boiler and install two new modern boilers. The expenditure on these came in the next financial year, so gives a misleading ‘profit’ for the year ending July 2024. It is hoped that the new boilers will improve our energy efficiency and reduce our energy bills, which are by far our biggest expense.
Tutbury Preschool remains by far our biggest user, but the building is now in use every week day and every weekday evening. Weekends are more or less free, with occasional party bookings or community events. This is something we could look to build on. The Preschool remains successful and is looking to expand its offer. We will support this where possible, whilst still remembering that the building is a multi-purpose community building.
We could also look to do more fundraising and raise our profile to attract more volunteers.
Thank you to the trustees for their dedication over another year.
Company registration nwnber. 07713867 Charity registsation number." 1143495 Tutbury Old School Community Association (TOSCA) Limited known as (A C4)rnpany limited by share capital) Annual R¢p)rt and Fin•)cial Statements for the Year Endcd 31 July 2024 Niiiiiiiii 'ADVL3ECX* OY0212025 COMPMIES HOUSE 271
Tutbury Old School Community Atiation (TOSCA) Limited IinowD as TOSCA Contents Referen¢¢ and Administrative Details Tnsitts, Rwrt 2103 stsiemeni of Trustees. Re5wJnsibilities Independ¢n¢ Examine¢s Rew)rt Statement of Financial Activitics Balance She¢t Note$ to the Financial seMe[ 8t09
Tutbury Old Sch1 Community (TOSCA) Limited known as TOSCA Reference and Administrative Details Truslee$ J Woodberry T Spencer Sthith P Steadman C Acton Seereiary J Taylor Printipal OffJ¢¢ Tuibury Old School Commill Lan¢ Tutbury Burton on Tr¢nl Staffordshire DE13 9HA Registered Otri¢e 23 The PATk Pale Tutbury Burttsn upon Trcnt Stsffordshire DE139LB The charity is in¢4)rpora*d in England. CoJnpaAy Registrntw• Nmmber 07713867 Charity Regi5trn¢ion Nfjrnber 1143495 l•depend¢nt Exaimi•er Jones Pa8e I
Tutbury Old Sebool Community Association OSCA} Limited lthown &$ TOSCA Trustees, Report The trustees, who ¥e directors for the purFw)ses of o)mpany law. weseni the annual rCrt together with the finn¢ial siatements of the ¢haritsble cA)M forthe year 31 Juty 2024. Objeclives activilie5 Pxblie befteJ71 The obi¢¢l of the charity is ¢0 manage the buildtn8 in order to provide a Ycnue for comrnunity 8roup5. Two of th¢ main users are eharities themselves. The trustees cOTrfi that they have complied with the Tequirements of section 17 of the Charities Act 201110 have due regard to the public benefit 8uidanc¢ publis1 by the Charity C4)mmission for England and Wales. StrncttiregoverTr#•ce and maTrgemeTrt Nolure oJgoverning docum1 The organisatitin is a charitsble charity limiwl by guaratw on 21 July 2011 and regithred with the Charity Commimion as a registered charity oft 22 A15t 2011. Th¢ Company wa5 established under a MeJnorandurn of AsxKiation. which ¢$trblished the obje¢ts powers of the charitable Company and is 8ovcrncd urKler its Articks of Ass0¢iaiion. The appoinied trustees a dthwled on page l. Tbe Annual General Meding gives the oppItunity for truMee5 to rdire from or join the Organisatiort. The offittt of Chair, Secrrtary and Treawrer are subject 10 nomtnation and t140 at th¢ Annual General Meeiing. New trustees are given details of the governance IjeCtIVeS of the dwity The Trustees are re$p)nsible foi the management of Tutbury Old Sch(x>l on a ¢tsy io day b&%is. Meetings are held as and when requirtd in order io manage the butldin8 efftctivety. In addition. more infornial communications are made between the TTUStr¢S on a regul¥ basis to enswe the building me¢ts th¢ users. day to day resJ&
Tutbury Old School Community Association (TOSCA) Limited known &8 TOSCA Trustees, Rewjrt hloior r*S 41ndno8e ofih05e risks GenÈrnl The Trustees have &w5sed any Si1fiCant rtsks to which the Charity may be expostyj and have thken measures to ensure any ential risks are minimised aThl have taktt) out insurw whue possibl¢. aq- i-Zo2 The annu8J Tepm w&$ approved by the trslee9 of the ctharity on ................................ aryl si8ngJ on its behalf J Woodb Trustee Page 3
Tutbury Old Sthool Community knoeiatioo (foscA) Limited known $ TOSCA Statement of Trustees, Responsibilities The trustees (who are also the directots of Tutbwy Old SLaLLW)I Community Assctiion (TOSCA) Limited for the purposes of company law) are re5p)nsible fty preparing th¢ trystees. rerK)rt and the financial statements tn accordance with the Unittd Kingdtyn A¢(cni1g Standards (Unid Ktngdom Generally Accq)ted Accountlll8 Practtce} and appli1¢ law and regulations. Company law requires the truste£s to prepare fmancial for ea¢h financial year. Under company law the trLLStees must not approve the rt0Cial sratem¢nts unl¢ss they are satisfied that they give a true and tair virw of the state of affairs of the ¢haritsble tompany and of ils tncoming resources and applicatkon of T¢sour¢e$, including its in¢om¢ expeoditurq for that perK#J. In preparing these financial statemettts, the trusitts are requirtd ¢0: seleth suithble ac£ouMing policie5 and apply thern consistently" observe the meth5 arbj FYinciple5 in the Chariiies SORP. make judgements atKI estimates that are rt4sonablc and pnwJenL state whether applicable UK A¢¢ouniing Standards have been followrd. subject to any Thateri depaTfvr¢s dilos¢d arjd explained irt the financial statements. and prepor¢ lh¢ fJn2ncial siatements on the 80ing cowAn basis unless it 1$ Iiiappropriaie to pf¢swn¢ that charitsble comrAny wll conltnue in busines> The truslees are responsible for keeping ade4U •XOWlting records that are 5vfficient to show explain charitable compathy's transa¢iions disclose with reasonable aUTcY at any time the finatjciai sItion of the Charirable ¢ompany and enable them to en5urt that the finaDGia] sthtements Comply with the Companies Aci 2006. They are also Tespoll5ible for safeguarding th¢ assets of the charithle company artd hentt for tsking ronable steps for the prevention and d#eaion of fraud and other irregularitie5. .1. ! . ? 0 2.f... and sied on its ihalf by: Appyoved by the trustees of the charity on ..... ... ..... ..... Trustee Page 4
Tutbury Old Sehool Comm¥Dity Association (TOSCA) Limited known &¥ TOSCA Independent Examiner's Report to the tru5tee5 of Tutbury Old Sehool Community Association (TOSCA) Limited I report on the xcounts of the charity forthe ye¥x ertdtyj 31 July 2024 whh ar¢ s¢1 pag¢s 6 to 9. Respective nSPODsibilitie5 oftrvstees aud tAThiner Th¢ mJste¢s (who are also the dir10 of the cornpany for the pull of company law) ar¢ resporÈsible for tht preparation of th¢ accounts. The trustees consider that an audit is not Tequircd for this year under section 144(2) of the Charilies Act 2011 (the 201 l Act) at)d thai an independent examination 15 needed. Having satisfjed myself that the charity is not Subject to audit under CopanY law and is eligible for indewdent examination, it is my resJx)nsibility to= examine the accounts under section 145 of the 2011 Actr. to follow the pnxedures laid dowit itt the gcneTal D1rtt4is by the Chlty Commission und¢r 5edion 145(5Xb) ofihe 2011 A al to state whether particular matter5 have (onje ty my atte4jti(. Basis of indepeudeut examiner's report My examination was carried out in ac¢ordance with the geneTal Ditection5 given by the Chtrity Commission. An examinatiort its¢ldeS a review of the accouniin8 record5 kept by the dlty and a ¢ornparison of the accounts presented with thos¢ records. It al includes consideration of any unusual items or disclosures in the accounts and se£king explapotions from you as trste¢S concerning any such matters. The pr(wlures undertaken do not provide all th¢ ¢vidence that would be required in an audit arwj consequevtly no opinion is given as to wheth¥ the accounts present a 'true and fair view. and the rtport is limi41 to those matters set out in lh¢ stsi¢meDt b¢low. Independent ex8miTrer's stateme In ¢onne¢tion with my examtnion. no matter corne tts rny aitentton: (l) which gives me ronable cause to believe that in any ma181 resm the re4wirem¢nts: to keep accounting rec4Jrds in x¢ordan¢e with s¢¢li¢)n 386 of the Compsnie5 Act 26. aThJ to Prepare accounts which accord with the )unting rewd4 comply with the xcountTrng requirements of section 396 of ihe Componies AU 2006 and with the metlKAs aThJ principle5 of the St3t¢rn¢nt of R¢¢0mentkd Pta¢tice: Accountin8 and Reportin8 by Charitie5 have not beert me¢ or (2) io whi¢h, in rny opinion, attention shjId bt dran in ordrr to enable a prop¢r undustandin8 of the accounts to be r¢ached. K Jone5 Indeperwjent Examiner Page S
Tutbury Old Sch1 Community Association cfoscA) Limited lthown as TOSCA Statement of Financial Aetivities for the Year Ended 31 July 2024 Oncluding Income and Expenditure Account and Statement of Total Recognised Gains and t$5¢5) Unrestricted fund5 Total 2024 Note Income 8nd EndowThents from: Dothations and leg¥ies 36.308 Totsl income 36 08 36 08 Expenditure Raising funds Totsj expenditure Net income Net movement in knds 14.571 l4,57l Retonciliatiow of fund5 Totsl fuTrJs brought forward Total furbls Cled forward 18 42 Unrestr•¢¢¢d 18 42 Totsl 2023 Note ltttome and Endowmtnts from: Doth)0$ and leg¥ies 43.986 Totsl in¢om¢ Expendilure o•: Raising funds Totsl expenditure 45 Nei income Nei movement in fuT (1,413) {1,4l31 Reconciliatio of funds Totsl fulS bught forward Tolal futxls carried foTh¥ard 3.671 All of the charity's 1Vill¢s derive frorn continuing during th¢ alk)ve two peri15. The fund5 breakdown ftir 2024 is shown in ttott 6. The nthes on pges 8 to 9 fomi am Inte81 pwt of th¢se financial 5taterner. Page 6
Tutbury Old Sch(K•l Community Assotiation (TOSCA) Llmited known as TOSCA (Registration number: 07713867) Balap¢¢ Sheet as at 31 July 2024 2024 2023 N•t¢ C¥rrent Issets Cash at bank and in hand 42 Funds of ibe cbarity: Unrestritted ioeome funds Unrestricted funds Totsl funds 18.242 For the financial ye4r eTKlin8 31 July 2024 the tharity was entitknl to u¢rnptii fwm alIt Trder Sectio 477 of the Cotnpanies Ad 21 relating io small companies. Directors, resporjsibilities.. The members have not required the th&ity to obtsiti an audit of its accounts for the year in que5ti0ll in accordance with section 476. and The dirttiors acknowledge their re5Fthsibilities for £(PIying with the requirements of the Ad with respe to accounting records and the preparats of xcounL& These accounts have been prepared in wxdaJK¢ with the provisions applicable to MpanIeS subjea to th¢ small companies r¢gim¢. ? fj ...i... loi The financial sw¢ments on pages 6 to 9 were approved by the and aythorisgj for issue on.. .. .. and siwjed their behalf by: JTay or Company Secretary The nos on pages 8 10 9 an part of these fin¢ial $ts*ments.
Tutbury Old School Community Asweiation (TOSCA) Limited known 43 TOSCA Notes to the FiDaneial Statements for the Year Ènd"ed 31 July 2024 Ch•rlty sttu3 T1Je charity is limit¢d by shar¢ capitsl, incwFrfnted in En8tsnd. 2 Actounting lIe1e9 Summry of sigDifKAot 8etOllDtiDg Wicits aDd key ceMtyiiwg estiJ¥tss The pfin¢ipal a¢couniing tA)licies applied in the Preparatron of these financial stst•n¢nts ar¢ w out low. Th¢s¢ policies have consistently applied to all the years whks$ otherwtse stated. St8temeDt of tomplinee The ftnancial statements have been prcpared in a¢¢ordarKe with A¢¢ouniing and Reportin8 by Charitte5.' Statement of Recommended Practice applicable to ¢hartii¢s preparing their xcount5 in acconlance with t Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland {FRS 102) {efftttive l Jantsary 2015) - {Charities SORP {FRS 102)). the Financial Rewjrting applicable in the UK and Republhc of Ireland IFRS 1021. They also cornply with the Companies Act 2(M)6 and Chariiit5 Ad 2011. Basis Of prewardtion Tlbry Old School Community A&so¢iation (TOSCA) Limited me¢ts th¢ definrtion of a public benefit entity under FRS 102. Assets and liabilities are it)itialty re¢o8nJsed at historical c4)5t or iro11 value unless othemse stated in the r¢levwJt a¢couniiog policy Mte5. The financial s¢ai¢ments are pres¢nt¢d in Sierling (£) and rouThJed to the nearem £1. Going ¢onc¢rn The trustees wnsid¢r that there are tMTr material uncertatnties abo the ¢hatity's ability to continue &$ a 80ing ¢on¢ern norany significant arvd5 of uncertarnty aff¢rt the ¢atrying value of &ssets held by the charity. Exemption front preparing a casb flow $14ieiii¢Dt The ¢harity opted to early adopt Bulletin I published i)n 2 February 2016 and have therefore included a Lash flow statement in these finaTJcial statements. IDtome and endowments All income is Tecogni5cd ¢)ncc ihe dwity ha5 cntit]emen¢ w th¢ IOm4 it is probable that the inr4)me will b¢ received and thc amouM of the inrornc rectivle L¢ Mea$w reliably. Expenditwre All expendille 1$ recognised there is # legal Constructive obligation to that extndtture, it is probable settlement is required and the amount cath be Mea1 reliably. All COSLS are allocated to the appli¢abl¢ expendhture heading ihai aggwe similar costs 10 that ¢2tegory. Where costs (¥0¢ bE dirt¢Uy attribLLied to particular heJings they have been allocated on a basis consistent with the use of rcsout¢es, with centraj staff ¢03ts allocated on the lS of time 5penl, and deprlati1)n rharg¢s all(Kated on the portion of the &ssd's use. Otkr support s¢S are allocated ba8ed on the sye*J of stsff costs. Pa8e 8
Tutbury Old Sthool CoAnmunity knoeiation ITOSCA) Limited knowtt as TOSCA otts to the F"inantd Statements for t Year Ended 31 July 2024 TAMtion The charity is ¢onsider¢d to thc Icsts sei oiit in Paragraph I schUle 6 of the FiTwKe Aci 2010 ond therefore it rNe¢ts the definition of a tharitsble &)mpany for UK co10 puEp)ses. A¢4Ydingly, the ¢haTity is potentially exempt from taxion in respect of Èncome or capital gains received within categories coved by Chapiw 3 Part I l of th¢ CorFM)raiÈon Tax Act 2010 or Section 256 of the Taxation of ChargEable Gains Act 1992. tothe extent that such incorne orgains are 4>plied exclusively ¢haritabJe purp)ses. Cash And caslE equivalents C&%h and cash equiv¢nts cornprise cash on hand call dcp0s1 other short-teTm highly liquid investment5 are Teadily convcrtiblc to a known amount of ¢ash and are subject to an insilfIcant risk of change in va]ue. strn£tre Unrestrided income fidS are g¢neTal furth that are available for use at the tntstees, di110N in furtheranc& of th¢ objecrives of the charity. 3 Income from dontio•s legciB5 U•re5trided futtd$ General Totsl (hber income from donati and" I"e8acies Total for 2024 total for 2013 4 TaA4tion The charity is a I¢'s1ered charity and is theree exempt from t&xation. S Ca5b aTrd ¢qut¥knts 2024 2023 Cash at bank 18.242 6 Fu•ds Bal*wee #i I Au8wst 2023 Resourc¢5 BAl%nte At 31 ¢xp¢Trd¢d Juty 2024 Unrtstritted funds General 36 08
Company registration nwnber. 07713867 Charity registsation number." 1143495 Tutbury Old School Community Association (TOSCA) Limited known as (A C4)rnpany limited by share capital) Annual R¢p)rt and Fin•)cial Statements for the Year Endcd 31 July 2024 Niiiiiiiii 'ADVL3ECX* OY0212025 COMPMIES HOUSE 271
Tutbury Old School Community Atiation (TOSCA) Limited IinowD as TOSCA Contents Referen¢¢ and Administrative Details Tnsitts, Rwrt 2103 stsiemeni of Trustees. Re5wJnsibilities Independ¢n¢ Examine¢s Rew)rt Statement of Financial Activitics Balance She¢t Note$ to the Financial seMe[ 8t09
Tutbury Old Sch1 Community (TOSCA) Limited known as TOSCA Reference and Administrative Details Truslee$ J Woodberry T Spencer Sthith P Steadman C Acton Seereiary J Taylor Printipal OffJ¢¢ Tuibury Old School Commill Lan¢ Tutbury Burton on Tr¢nl Staffordshire DE13 9HA Registered Otri¢e 23 The PATk Pale Tutbury Burttsn upon Trcnt Stsffordshire DE139LB The charity is in¢4)rpora*d in England. CoJnpaAy Registrntw• Nmmber 07713867 Charity Regi5trn¢ion Nfjrnber 1143495 l•depend¢nt Exaimi•er Jones Pa8e I
Tutbury Old Sebool Community Association OSCA} Limited lthown &$ TOSCA Trustees, Report The trustees, who ¥e directors for the purFw)ses of o)mpany law. weseni the annual rCrt together with the finn¢ial siatements of the ¢haritsble cA)M forthe year 31 Juty 2024. Objeclives activilie5 Pxblie befteJ71 The obi¢¢l of the charity is ¢0 manage the buildtn8 in order to provide a Ycnue for comrnunity 8roup5. Two of th¢ main users are eharities themselves. The trustees cOTrfi that they have complied with the Tequirements of section 17 of the Charities Act 201110 have due regard to the public benefit 8uidanc¢ publis1 by the Charity C4)mmission for England and Wales. StrncttiregoverTr#•ce and maTrgemeTrt Nolure oJgoverning docum1 The organisatitin is a charitsble charity limiwl by guaratw on 21 July 2011 and regithred with the Charity Commimion as a registered charity oft 22 A15t 2011. Th¢ Company wa5 established under a MeJnorandurn of AsxKiation. which ¢$trblished the obje¢ts powers of the charitable Company and is 8ovcrncd urKler its Articks of Ass0¢iaiion. The appoinied trustees a dthwled on page l. Tbe Annual General Meding gives the oppItunity for truMee5 to rdire from or join the Organisatiort. The offittt of Chair, Secrrtary and Treawrer are subject 10 nomtnation and t140 at th¢ Annual General Meeiing. New trustees are given details of the governance IjeCtIVeS of the dwity The Trustees are re$p)nsible foi the management of Tutbury Old Sch(x>l on a ¢tsy io day b&%is. Meetings are held as and when requirtd in order io manage the butldin8 efftctivety. In addition. more infornial communications are made between the TTUStr¢S on a regul¥ basis to enswe the building me¢ts th¢ users. day to day resJ&
Tutbury Old School Community Association (TOSCA) Limited known &8 TOSCA Trustees, Rewjrt hloior r*S 41ndno8e ofih05e risks GenÈrnl The Trustees have &w5sed any Si1fiCant rtsks to which the Charity may be expostyj and have thken measures to ensure any ential risks are minimised aThl have taktt) out insurw whue possibl¢. aq- i-Zo2 The annu8J Tepm w&$ approved by the trslee9 of the ctharity on ................................ aryl si8ngJ on its behalf J Woodb Trustee Page 3
Tutbury Old Sthool Community knoeiatioo (foscA) Limited known $ TOSCA Statement of Trustees, Responsibilities The trustees (who are also the directots of Tutbwy Old SLaLLW)I Community Assctiion (TOSCA) Limited for the purposes of company law) are re5p)nsible fty preparing th¢ trystees. rerK)rt and the financial statements tn accordance with the Unittd Kingdtyn A¢(cni1g Standards (Unid Ktngdom Generally Accq)ted Accountlll8 Practtce} and appli1¢ law and regulations. Company law requires the truste£s to prepare fmancial for ea¢h financial year. Under company law the trLLStees must not approve the rt0Cial sratem¢nts unl¢ss they are satisfied that they give a true and tair virw of the state of affairs of the ¢haritsble tompany and of ils tncoming resources and applicatkon of T¢sour¢e$, including its in¢om¢ expeoditurq for that perK#J. In preparing these financial statemettts, the trusitts are requirtd ¢0: seleth suithble ac£ouMing policie5 and apply thern consistently" observe the meth5 arbj FYinciple5 in the Chariiies SORP. make judgements atKI estimates that are rt4sonablc and pnwJenL state whether applicable UK A¢¢ouniing Standards have been followrd. subject to any Thateri depaTfvr¢s dilos¢d arjd explained irt the financial statements. and prepor¢ lh¢ fJn2ncial siatements on the 80ing cowAn basis unless it 1$ Iiiappropriaie to pf¢swn¢ that charitsble comrAny wll conltnue in busines> The truslees are responsible for keeping ade4U •XOWlting records that are 5vfficient to show explain charitable compathy's transa¢iions disclose with reasonable aUTcY at any time the finatjciai sItion of the Charirable ¢ompany and enable them to en5urt that the finaDGia] sthtements Comply with the Companies Aci 2006. They are also Tespoll5ible for safeguarding th¢ assets of the charithle company artd hentt for tsking ronable steps for the prevention and d#eaion of fraud and other irregularitie5. .1. ! . ? 0 2.f... and sied on its ihalf by: Appyoved by the trustees of the charity on ..... ... ..... ..... Trustee Page 4
Tutbury Old Sehool Comm¥Dity Association (TOSCA) Limited known &¥ TOSCA Independent Examiner's Report to the tru5tee5 of Tutbury Old Sehool Community Association (TOSCA) Limited I report on the xcounts of the charity forthe ye¥x ertdtyj 31 July 2024 whh ar¢ s¢1 pag¢s 6 to 9. Respective nSPODsibilitie5 oftrvstees aud tAThiner Th¢ mJste¢s (who are also the dir10 of the cornpany for the pull of company law) ar¢ resporÈsible for tht preparation of th¢ accounts. The trustees consider that an audit is not Tequircd for this year under section 144(2) of the Charilies Act 2011 (the 201 l Act) at)d thai an independent examination 15 needed. Having satisfjed myself that the charity is not Subject to audit under CopanY law and is eligible for indewdent examination, it is my resJx)nsibility to= examine the accounts under section 145 of the 2011 Actr. to follow the pnxedures laid dowit itt the gcneTal D1rtt4is by the Chlty Commission und¢r 5edion 145(5Xb) ofihe 2011 A al to state whether particular matter5 have (onje ty my atte4jti(. Basis of indepeudeut examiner's report My examination was carried out in ac¢ordance with the geneTal Ditection5 given by the Chtrity Commission. An examinatiort its¢ldeS a review of the accouniin8 record5 kept by the dlty and a ¢ornparison of the accounts presented with thos¢ records. It al includes consideration of any unusual items or disclosures in the accounts and se£king explapotions from you as trste¢S concerning any such matters. The pr(wlures undertaken do not provide all th¢ ¢vidence that would be required in an audit arwj consequevtly no opinion is given as to wheth¥ the accounts present a 'true and fair view. and the rtport is limi41 to those matters set out in lh¢ stsi¢meDt b¢low. Independent ex8miTrer's stateme In ¢onne¢tion with my examtnion. no matter corne tts rny aitentton: (l) which gives me ronable cause to believe that in any ma181 resm the re4wirem¢nts: to keep accounting rec4Jrds in x¢ordan¢e with s¢¢li¢)n 386 of the Compsnie5 Act 26. aThJ to Prepare accounts which accord with the )unting rewd4 comply with the xcountTrng requirements of section 396 of ihe Componies AU 2006 and with the metlKAs aThJ principle5 of the St3t¢rn¢nt of R¢¢0mentkd Pta¢tice: Accountin8 and Reportin8 by Charitie5 have not beert me¢ or (2) io whi¢h, in rny opinion, attention shjId bt dran in ordrr to enable a prop¢r undustandin8 of the accounts to be r¢ached. K Jone5 Indeperwjent Examiner Page S
Tutbury Old Sch1 Community Association cfoscA) Limited lthown as TOSCA Statement of Financial Aetivities for the Year Ended 31 July 2024 Oncluding Income and Expenditure Account and Statement of Total Recognised Gains and t$5¢5) Unrestricted fund5 Total 2024 Note Income 8nd EndowThents from: Dothations and leg¥ies 36.308 Totsl income 36 08 36 08 Expenditure Raising funds Totsj expenditure Net income Net movement in knds 14.571 l4,57l Retonciliatiow of fund5 Totsl fuTrJs brought forward Total furbls Cled forward 18 42 Unrestr•¢¢¢d 18 42 Totsl 2023 Note ltttome and Endowmtnts from: Doth)0$ and leg¥ies 43.986 Totsl in¢om¢ Expendilure o•: Raising funds Totsl expenditure 45 Nei income Nei movement in fuT (1,413) {1,4l31 Reconciliatio of funds Totsl fulS bught forward Tolal futxls carried foTh¥ard 3.671 All of the charity's 1Vill¢s derive frorn continuing during th¢ alk)ve two peri15. The fund5 breakdown ftir 2024 is shown in ttott 6. The nthes on pges 8 to 9 fomi am Inte81 pwt of th¢se financial 5taterner. Page 6
Tutbury Old Sch(K•l Community Assotiation (TOSCA) Llmited known as TOSCA (Registration number: 07713867) Balap¢¢ Sheet as at 31 July 2024 2024 2023 N•t¢ C¥rrent Issets Cash at bank and in hand 42 Funds of ibe cbarity: Unrestritted ioeome funds Unrestricted funds Totsl funds 18.242 For the financial ye4r eTKlin8 31 July 2024 the tharity was entitknl to u¢rnptii fwm alIt Trder Sectio 477 of the Cotnpanies Ad 21 relating io small companies. Directors, resporjsibilities.. The members have not required the th&ity to obtsiti an audit of its accounts for the year in que5ti0ll in accordance with section 476. and The dirttiors acknowledge their re5Fthsibilities for £(PIying with the requirements of the Ad with respe to accounting records and the preparats of xcounL& These accounts have been prepared in wxdaJK¢ with the provisions applicable to MpanIeS subjea to th¢ small companies r¢gim¢. ? fj ...i... loi The financial sw¢ments on pages 6 to 9 were approved by the and aythorisgj for issue on.. .. .. and siwjed their behalf by: JTay or Company Secretary The nos on pages 8 10 9 an part of these fin¢ial $ts*ments.
Tutbury Old School Community Asweiation (TOSCA) Limited known 43 TOSCA Notes to the FiDaneial Statements for the Year Ènd"ed 31 July 2024 Ch•rlty sttu3 T1Je charity is limit¢d by shar¢ capitsl, incwFrfnted in En8tsnd. 2 Actounting lIe1e9 Summry of sigDifKAot 8etOllDtiDg Wicits aDd key ceMtyiiwg estiJ¥tss The pfin¢ipal a¢couniing tA)licies applied in the Preparatron of these financial stst•n¢nts ar¢ w out low. Th¢s¢ policies have consistently applied to all the years whks$ otherwtse stated. St8temeDt of tomplinee The ftnancial statements have been prcpared in a¢¢ordarKe with A¢¢ouniing and Reportin8 by Charitte5.' Statement of Recommended Practice applicable to ¢hartii¢s preparing their xcount5 in acconlance with t Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland {FRS 102) {efftttive l Jantsary 2015) - {Charities SORP {FRS 102)). the Financial Rewjrting applicable in the UK and Republhc of Ireland IFRS 1021. They also cornply with the Companies Act 2(M)6 and Chariiit5 Ad 2011. Basis Of prewardtion Tlbry Old School Community A&so¢iation (TOSCA) Limited me¢ts th¢ definrtion of a public benefit entity under FRS 102. Assets and liabilities are it)itialty re¢o8nJsed at historical c4)5t or iro11 value unless othemse stated in the r¢levwJt a¢couniiog policy Mte5. The financial s¢ai¢ments are pres¢nt¢d in Sierling (£) and rouThJed to the nearem £1. Going ¢onc¢rn The trustees wnsid¢r that there are tMTr material uncertatnties abo the ¢hatity's ability to continue &$ a 80ing ¢on¢ern norany significant arvd5 of uncertarnty aff¢rt the ¢atrying value of &ssets held by the charity. Exemption front preparing a casb flow $14ieiii¢Dt The ¢harity opted to early adopt Bulletin I published i)n 2 February 2016 and have therefore included a Lash flow statement in these finaTJcial statements. IDtome and endowments All income is Tecogni5cd ¢)ncc ihe dwity ha5 cntit]emen¢ w th¢ IOm4 it is probable that the inr4)me will b¢ received and thc amouM of the inrornc rectivle L¢ Mea$w reliably. Expenditwre All expendille 1$ recognised there is # legal Constructive obligation to that extndtture, it is probable settlement is required and the amount cath be Mea1 reliably. All COSLS are allocated to the appli¢abl¢ expendhture heading ihai aggwe similar costs 10 that ¢2tegory. Where costs (¥0¢ bE dirt¢Uy attribLLied to particular heJings they have been allocated on a basis consistent with the use of rcsout¢es, with centraj staff ¢03ts allocated on the lS of time 5penl, and deprlati1)n rharg¢s all(Kated on the portion of the &ssd's use. Otkr support s¢S are allocated ba8ed on the sye*J of stsff costs. Pa8e 8
Tutbury Old Sthool CoAnmunity knoeiation ITOSCA) Limited knowtt as TOSCA otts to the F"inantd Statements for t Year Ended 31 July 2024 TAMtion The charity is ¢onsider¢d to thc Icsts sei oiit in Paragraph I schUle 6 of the FiTwKe Aci 2010 ond therefore it rNe¢ts the definition of a tharitsble &)mpany for UK co10 puEp)ses. A¢4Ydingly, the ¢haTity is potentially exempt from taxion in respect of Èncome or capital gains received within categories coved by Chapiw 3 Part I l of th¢ CorFM)raiÈon Tax Act 2010 or Section 256 of the Taxation of ChargEable Gains Act 1992. tothe extent that such incorne orgains are 4>plied exclusively ¢haritabJe purp)ses. Cash And caslE equivalents C&%h and cash equiv¢nts cornprise cash on hand call dcp0s1 other short-teTm highly liquid investment5 are Teadily convcrtiblc to a known amount of ¢ash and are subject to an insilfIcant risk of change in va]ue. strn£tre Unrestrided income fidS are g¢neTal furth that are available for use at the tntstees, di110N in furtheranc& of th¢ objecrives of the charity. 3 Income from dontio•s legciB5 U•re5trided futtd$ General Totsl (hber income from donati and" I"e8acies Total for 2024 total for 2013 4 TaA4tion The charity is a I¢'s1ered charity and is theree exempt from t&xation. S Ca5b aTrd ¢qut¥knts 2024 2023 Cash at bank 18.242 6 Fu•ds Bal*wee #i I Au8wst 2023 Resourc¢5 BAl%nte At 31 ¢xp¢Trd¢d Juty 2024 Unrtstritted funds General 36 08