REGISTERED c0fPA.¥y YVM8F.R- Ib77416U59 IEnRland aud Wlt%) REGisfERED CHARITY NUMBER.. 1147202 Repirt of th¢ Try4iccs aDd Utsmudlled Flty%ttrll SiieM¢HI4 fur lh¢ YeRr EDded 31 2024 South REd'#). CommuDIti. Assorl•tJoD Ashmolc Lo I]Ili1 Hvu>L G(1 sttl HaN-¢Tf(JrdiNrsl Pcnibii)K"trhire AOI IPX
)th Rid%eMi CommMTLitY AsSOCi&iiOD C4bntents of th¢ Fi•An¢ial &¥teMtnt& for the Yvsr Ended 31 AuRu5t 2024 Page R¢tMJrt ¢iftht Trnittr Independt41 EIarnin¢r'i er¢ St8iement of Finincil Acrii InL¥ Bal&nre Sheet D¢t•iltd S¢it¢menl of Fiv•nci•l Ar¢ivilies 14 10 15
&bUtb Ridgtw%' Aswtiition
RepDrt of thc Tru5tee5
foF the Yer JI AuRvs¢ ?0
lilLL'S ¥sliu dr¥ dlsj ui for vf the Acl ?(KV). Itp(prt with
tIT] 8knlL'miMts ol. thc fTri thc }"car ermled _Il ?rJ74 truslccs hai"c &doptrd thc PTo&i%ion% ol-
Acci)itntiDg and hv Lt]aTiTiei". stsi¢m¢m of R¢ci)fftm¢Jthd Pmtice applicllble lo cknties prepLn8 trit accounLS
In U¢L<srJkLnLL ivlth Ik. filwl1 R¢iJrting StaFKknTd i)plieablL tn iht l R¢pithlii <>f Irildr¥l IfR£ I(12) i¥lTLLtivL I
J&nuÈry 2UI )).
OBJECTIVES AND ACTIVITtES
ObjL'Ltives ttnd lliryts
A iiinimuniii. &ss
Juth Ridge8). ComthuDih' AS¢11110 Rewirt ofihe Trnite¢s far ¢he Ye¥r F.fi¢lwl 31 Al$t 2¢b24 Trustets Mts J k]dl Mr8 % F. lkni.ie Mr8 J C F"'IlTeIiiJn 14 J Slai¥ Ir¢sig¢xd 15 1.2>) CN Jnhn MTS A CJ fr¢¢man.Kmbb A tiiiLn I VLpwiniL'd 9.125) R J I IAII iapw)Ilii] ¥ 1251 Mri M L Piiors {appofftic(t 9 125) MI) q A Rault {u&ipuiiJltti 9 1.?- tndtrpendellt Exmintr lilliwislun Ilo 7 (Tl)tti %treel Hai"crtcTrr¢lwesi 4Ahl I l)X Appri)Ird bv 15rder %>l"tli hi)wJ (Il'tr¢e4 1)n . its h¢hu]1'b.. li Johti-TnLS
Lxaminer'5 RepDTt to the Truslees of
&bulh Rid%wai' AssocialioD
IndependcDt eximinor's report to tlte trllstee5 f Ridgew2% crmTMUllin..4sr¥ I'tht C'omp2DV'I
I Teport io th¢ clw'.ty trublees on ffty exanimalion olthk olth¢ Cu-, 'thi I'eai Ltthj.: l AU1 ?(174.
Re4wJDsibilitie% and bAsis lif
,) the illaiiti'% trll5tv ¢)t th¢ ( (ITTIIIUTi IUTVJ Jlw ils a105 t()i pu75¢$ 1)f ccitDP(nv Idw) yciu Iitu. Ee%[K¥1bIL. tui th
prcp&rauon of thc tL¢c4>unts ]n acu)rdarte with the ILquwcrncnls ofthe CoTllp8wcs Act 21kn 1.the 20fffj Act)
H3N'in8 Sati%lied mvhclf that oc¢oiml% nr tlw C'omp(inv fK>T TCqIIL.eè djired der ith or ihc
urt eli8ihle for it)d¥pLqxdthJt txiin1ilE5 I rLV)rt ]n of mv L'.1dlnJtiVn o( %'vur clwiw's as camtxl oui
utulLT ESLXlI{)n 145 Ill thi C'knriiilx ALI 2(11111kn. 2011 4ci'l In caFf¥Tng ilu.. exaTninalinn I Ive lo11ni ts l)ITeclii>n$
¥IKin b!. LbHrily CLbmmi%ion un1 kn'iivn 14ii j) Ib) i)1 the ?01 I ACL
1ndepL.dt examiDef'y 5titement
T hail iiiiiip&¢ILQ nil ixaTriiiulii>TI T that no uiaEt¢rs J¥Lir cow¢ Io ujy UlE¢DtsuiJ u) wsw¢clwii Mith ¢¥wiiiiution
givin8 mc trt heliei'¢
tICi()iJnling rec4)rd% 'Lr¢ k-ept in relxci fs1'th¥ C'.()mpany T¢quird hv Wi¢)n ol'ih¢ 21M)fi AL'I. OT
th¢ acwnullL% n
South RidRewai- CornmTAnitv A55Ofiition Sitettktttt (JfFiD¥b<l•l A¢iivltits for the I'er 31 Ay$t ?1124 318 ?4 UnT*stricknI Re¢te fund: Ni)tes INCOME AND E¥DOWVENfs FRO 3.945 3.1)45 6.83l) Charitable &cliYilie l)ci'cli)pmLllL %)I"CThmM1[v Hub 165.770 9.502 2X,Ih73 79.IH5 67.158 Total 1?_018 F.XPF.NDITURE ON CbArltgble acilTrldtS 20.748 50.176 70,924 49,243 IYET IP4CQMEIIEXPEP4DrruJiEI 11 271) 179 132.¥68 REcO(.1L1A'I'InN OTr FIIND.% l tsl.d I'widi bii)llOit 79.220 1.071.979 .153,199 1,020.331 TOTAI. FIINDS CARRIÈD FORWARD Plrt of the fi]WLial %ialemenis" Page 4
Bal•llcc Sheet 31 .4ugu5t 211?4 UnrestTILted iiubj RestriCd Totsl Total NoLes FIXED A&SETS I l¥ibIl. i15.1.¥ l.Oi5.(4)4 .153,82) CURJLENT AET 1.571 -1)20 '.kbti)TS La4h &i bat)k 2.YlJ5 37.IC)t) il.4 2.155 39.971 CREDITORS io (?3.567) 123.567) ?3.163) NET CL7iREr ASSETS 28.2( 2.155 ILI.424 16.¥1)8 I'O'I'AL ASSETS LESS CLRRENT LIABII,ITIES 1.057,759 .184 •49 1.1%9.199 CRF.DTTORS Amiiitsil.4 Iiillink di #ller miiTQ tme s'ear 136.(XKI) (If).(XXII NE'J. ASSETS 1,057.759 1.148.!49 FUNDS ljntL'%lriIL'd I'und Ilcsiriclcd ti¥ i)(1.49(1 1.057 750 .073.1?79 'roTAL FUNDS .1 he LIrIble ihnipEthV 1$ eniiiled to exempiiTrn irom tsudiT ¢¢10 477 of the Cmpame4 A¥1 2(XK) l¢ir the i¢ar ied .31 At 2024. .1 FK. ML'MI.F% iK>i f¥41uFL lil tr111 vt" fllwrKiaJ fi)i Thear ¢1Ocd.11 Awist 2U24 tn aLlI)rdanLv wth SLoll 476 vf . Cvmpani¢s il¢121YX, I'he triL%lees gckn()wled8L' th¥'ir T&5%)hIll1tCS fi)r ¥ILYiffjTr ihRt thc clunubl¢ ¢4)mpanY k¢¢p5 Tl)rd ttwl )MplI tEl[R 1116 aiN4 _IIL7 tif the LUrnp¥S Aei 21kn at i)ri'pArin8 liNincilll %thtLYnLnls knih BTr'c a tnic lln(I tlljr i.-1% ol Ihc (11. ulldii% {)I' kn. cluintshlL' u4llpum" UN ijl Ihv ol&Kh fi11a1 veJr tfftd o(11s swplu5 or d¥ficit for each r)Th%nciryl vtar Ln 2ccordaDce with th¢ TC4WTcments {>l- slI1>n5 194 Hnd 395 dnJ Mhlih 1)th(r%* r<)mpli ibiih',h¥- rr¢iiurLIII¥Yll% i)1 th¢ C¢HIii)dnirS ALt 21KKi relaling 11> f1&1 s¢atrmcnts. so Car gs applJ¢ablc io clHntsbl¢ compgm.". Ib) I"h¢ IxTrl¥% lunt) Tydrt vl Elw Iu]dncial >tstemenis' 1'88e 5 tnntinued...
th Ridg¢w*v Cthmmunits Association Balance Sktet- toblibutd 31 Augu51:0?4 Th¢%¢ tinaTKilll %LqieincnLs hai'¢ been preparcd w nraave MTth ptoi"IsifjS applIb]e t(? dwntsbie lTnp3Jl7cS )-ubiLci io the LUIup8ll¥ri[1ll. Thc 1ingn¢isl statctncnL4 i%cr¢ &pprnN'd bv th¢ T3oaTd Trf TnLSt¢es aDd a5¢A for aiid ell. %lbn¢d iL% l)Lhdllli? Ja( ITJohn.T A G Fr¢emun-knibb-"InLsiee T]K forni part of financi&l 5thClS Pagc 6
&)uth Ridgeryva). Commullih" A550riatioB
Ntstt io th¢ FiDADtil StateDnIs
for tbc I'car End¢d 31 Augusi 21124
ACCOUNTIP4G POLICIES
Ba5i% of Propri the finnctal ststerrteDtJ
.1 he tinaneiAI %tat£menL% Dl- th¢ ihantshl¢ cnNpAni". lch a public henelit enuti" under Pll% 111) hdK'L hee
PT¢p&wI In %c4()rd8nc¢ Mith th¢ CIwiii¢s SORP ITRS I021'A)UNill8 w¥1 K¢p)rliu¥ bl Cbariiies" sle1 of
KLLl)mMLndL Itaelic&' ilpplitLble lu prepJnnb tlwir aCkOW)". in u¢c()fctsn¢e Hiih tJ FIIW¥K1lll RepitTsng
Sfkumlllrd applicable in the Lik aTh1 Jiepublii i)f Ir¢leTrq IFRS 101) ieffeeii¥"i' l ?(I1g1. Fu]auKial RL.1[1)nu,
staiard l(12 "1 he l.maiital RqM)ning Sl4uvJurd ¥ppli¢able in the Ilk arjl H4blIC i)t Ireland, and the LDnipanie$
Aci 21K)ti Th¢ finan¢ial.%tstrmcnL4 hr¢i'¢ pr¢¢0 uThicr thc hi%iiJTK8b caqi convon
Inc()rn
All inconie is r¢cognised in of Fuw%ial Acliiiiie$ ouce the cbanl!. ¢llLLtjeft1 t<> the futKIs. 11 ib
prLbhJhk. ttwi ijk. wll h. T1.¢ amowJl k. tn¥¥%ured i¢lLllhl)'
ExpeDdltur
5 i&ihiliTIL4 iifu. TL'mgni%ed rYp¢nditwo a% as is tt Icgttl OT t<5¢1.vt hbligsiittn tomjllilling the ¢hftTJII'
l i. (Ihlibdiiiin £un bL' rL'lidhl! P.XPL'rklilur& Is ilLi
Notei tth lh¢ FihihciAI StAtemtnts- iontinued for Ihe Yar Enthd JI ?0 CHARtTABLE ACIIVITIES COSTS DirL.I LOSLS C4)%tsisee n()rc.l) Lommunity, Hub 118.491 ,413 70,9:4 SUPPURI. CO%'I Ii(INrrnarK¢ Tuial ios 51 2.41_1 b'l. INCUMEIIEXVkNDII'URE) Nel LncomeliexpcndiDJre) Is 518ied aftrT Char81(cr¢diBl. Al.¥24 .31.8 2.3 DeprjaIl- Vi¥TKxI iiss¢15 ul pbuiT 4LtuJ liku¥hUfj. 31.637 30.791 TRIIS'TEF'8' RÈMI.NF.KATION AND HTr.'NLfr'IT 'I'here were no tnL%tte4' remur*raiion or herIt$ the vear endoj .11 Auw81 2024 MT I'or Ncur uJdL'd ? l Auyull 2023. Tru4¢ees' expe45 IThL'rt Mirt D() Irii%l¢'L%' L'xTrnx% p#id li>r ihc i'eir 11 Aiiw¥ 21124 rxir Ii)r ih¥' I1 11 Au¥41 21)21 COMPARATIVES TrOR THE ST.4TEMENTOF FIPqAf4CIAL ACTIN'ITIFS UnTtvn¢icd Iteimcied lund I'othl I.NCOME AND E.YDOWMENTS FRO.VA h,1119 b,1149 l)ci'clTrpmrni iil'commwtill" Hijb Ci)rnmurnN Huh 16$770 165,770 9.502 Tollll 1fy,341 165 770 .'XPF.NDI'TURF. ON C.b¥rltMble &£ilvitlcs 19511 2().732 49,243 E'I. IP4COhWlkXPLf4DI'I"LREI (3.1701 116.U3¥ 132.%6¥ Pag¢ ¥ Ccifflinue41
South RidRtY*•%' Commu•itF Aswciation to Ihe Statethctst5- (Ohtlhued for tht Yellr Ended 31 Awgllst ?0?4 COMPARATIVES FOR THE STATEIET0F FIP4.4NC.tAL ACTIVITIES_iontinued UnTCStyiit¢d Rcskncted TDtsI REC.ONCILIATIOP4 Ob FUPIDS 'loL411'ttl5 brk)¥jhi li)r¥4sri] 917.941 1,02n 111 TOTAL FLPIDS CARRIED FORM'ARD 79.?10 1.073.979 TANGIBLE FL¥ED ASSETS Pknil 4TKi .i)TnpuILJ 4wpmcni ToTul% C'O.qT At l %¥pliThb¢r 21123 Addiliiins ,152,246 51.(M)2 i95 209 1,21)I,A41 13.071 At.11 AugLL%I 21124 .152.43? 6_1.678 )4 DEPRECIATION Ar l %L'I)ienibEr 2U2J Clwr8L fibr )'4aT 2.1.044 23,049 8.:l2 8.320 71.452 ?68 Al I l Au8uM 21124 46.09h 464 é3.0¥1 NET BOOKVALUE 4"..146 Al.11 2(J23 .199 S-I'OCK. 11.11 ?4 31 %.21 SluEks P&8¢ 9 coiilinu¢xi.
&iuth CornmwDih" A550Clat Notes to ihe FinncDl StAteffichts- roDtifvucd for Ib¢ Tr'ear Ended 31 ?0?4 DEvfoRS.. AMOUTriTfj FALLIYG DUEWITHIY ONE Tr'EAR .1 radc dtbioT% 2.805 io. CREDITORS.. AMOLP+TS FALLING DUE WITHIN 0Tr4E YEAR .1 rade eredii¢>r% l)ih¢r cridil¢)rs 22.(J63 2tM) 365 2?,567 CREDORs.. AMODT(fsFALLING DUE APTER MORE THAN ONE YEAR .11.X.24 J3ank IoJn5 (see te 121 .16.(MXJ J(I.(KK) 12. LOAN An maJs'¥15 mdiunly ol Ii>ans 1.% g1vL l)elrJw. 118,2.1 Am(>uniy lallin8 duc In more than fil'e i'&irs lILTa%.h1 by ir¥%tslmcnts i4nk l()an% mor¢ 5 Tr1 I[thI .io,(M)o Ib,i)(xi 13. MOVEMENT IY FUNDS Nct At 31 ¥.24 Ai l.9.Tr3 In (uThJb Uhryilri£ted lunds C[Lnr¥I I-LUKI 79320 11,270 .49fJ RtFirl¢¢cd fuD(l* C'ull)mumtv Flub 1.073.979 S.479} 2.155 1.045,55U 2.155 F.nKincinbT PLmbr0kc¥h. 15,183 15,183 I,U73,97Y .Ofi? 88 TOTAI. FUNDS 17Y Pag¢ 11) niirivwj...
SThulh Ridgewi C.ommllnih" A55OCiAtio otts to tht FinAn£il StateTneDts- roDlinlled for Ihe Year 31 Augus1 ?0•4 13. MOVEMEfT iN WLINDS- roniinued NEI moTr£mcnt m timds. ildEd in aTC as follows". rexiurL£s I'Thresiritttd futhds 32.01¥ IZD.74¥) 11.270 Restrirttd funds 128 d2l)I [340) 12¥.4211) 2.15 7.4y5 F.1)].u) l?¢J))bruk¢s)uT¢ WLITM Ro()m% iI),ocK) I11).(JOUi ?Y (?A5 (5f).176) TO'fAL FUP4D8 71,1(bJ 17U.()241 Comp8rtivt% for Moi'tmeAt in funds N41 Al futyJ5 UDr¢slrfcted fundi LIr1 lun 13,170) 79.220 Re41rict¢d funds Ci)illsiiu2111S HJtTr 937.941 136.038 1.073.979 TOTAL FUNDS 1.020.331 Lomp&rntiiE t moi'¢meni Ln hiftds. IrKEI¢d inthe as follo5.. IrKomin K4soiwcc (YeTIr.] fi]nd Re*lti¢ll fun(Is CniDmunitv Eluh 165770 (29.7321 116.038 TOTAL FLIIYDS (40 ?41} li2.868 P4g.¢ I I uinlinued..
)utb RidgeTra ComrnuDih' A5w¢ia¢ioD lor Ihe Year EndL'II 31 A•$¢ ?02J 13. MOVEMENT IN FUhT)S. cotttinue A crent V¢ 12 tyouths 8]Ml pnor l'ear 12 mtsn- 0)mbml p)siiion is as (n11¢w." Al .11.8.24 Al 19.•? J) futrJ> CTL'neriil lund ¥2,lYO 1.4(A) Ri'%lri¢ti'il Hub 957.11 ju7.f9 2,1)) 141u¢%T(Jiie EIthwIii]Dg l)eiiibwK¢Nliiie 2.li5 15.183 15,1¥3 Y17.941 24 Ih17 l.1lh2.¥¥ TOTAL Tr'L'P4DS .uiu.131 .11.£M7 1,153.17Y A LiirNnL VLUT 12 Pri<>T s¢xr 12 m•% ¢<YiihlTyJ mMrntht In hjnds, the &tK)i'L att ag rvllow¥ r¢$4buf¥¢S expend 4X,359 1411,2591 Hellrfcttd tunds Cviniiiiuulv Hiib 16) 7711 ?.495 1141il 2.155 L TQllLnLSii8 Peilihrake%lre 211.5g) 111 (KK) 2(kl_y85 [74 ¥l¥l 124,947 TOTAL FUNDS 251.214 Pagel? clintinued
Soutb Ridgev41!' CommuDit)" As50Citio• Not¢s to tbe FiDDri•l Stattment5- rontinutd lot Ihe Year Lnd¢yl 31 20?4 14. RELATED PARTh. DISCLOSURES 'rh¥re related partv transactsotis lot ieat erKl¢d 31 2024 Pa8¢1i
&>uth RsdgeThai" ComTrrJDil¥ A3wiiJJlw)n Dekniled Stitpmemt f FkllWAti•l Acti%"ilies fur the Tr'tar Endcd 31 Au8U¥t ?1124 31.8.24 IYC.'OME AND ENDOWMEP4TS 6.X jl) Chgritabje aclivilie5 ITQii)Use eveni l..xwrnbl evcni% Ci)Illtiiwllly Tl5 6.8.44 957 1.41 41.585 165.770 KIlLk'n lur¢ WvLldingy Inh[)se bar evcnls 4110 4,816 335 .350 827 Ilirc ()f %hi)%%Cf% & Lknn¥inF rwms 3,SAO 1.6u9 67,158 175 ?72 T¢blal iDiumiD% r¢(burcv 71.103 'xpr.Nl)I'rtTRF, ChArllHhlc ailli'llle) 13,438 31¢4 2.300 2.637 I IirL cil. pltLnl und mochirnrv ii) Comper services 4.973 Comp4fftiC% Ilousc li ci)Iiirs & rctr.cwils 2fi7 2,1.14 '.litcill evcnl CDt$ Koi fy13 trchasc% c&l'c¥'enl trotyj & dtthk W8rm tK)nm c¥tKn$ 2,933 5,263 75 17: 541 37.438 FV RCti1 Loll¢rlii>n Fire %eTh ILinb¥ Cc>%ls fi)n4ard 16.881 "I hib. pay¥ ¢JoLS wl lorn parloÈ sta10[y t15 sW¢tllents 1'48e 14
Snuth Ridgewai Communih" A55Dci•IiD etxiled 5teent of FinaM£ial Actih'ilit$ for tk 31 .4ueui 20?4 11.824 14rought fiJri4Br 37.43¥ 3)7 14 16,881 Sub%is(LI¢ cn%ts %ubbLIlI)lions LIoSLI8 gt(&k FrLilwlJ propeiii 27.1¥49 8,320 2CIg 7.551 i1)6 LurnpuiLY c4uipmLmi 6R.491 47,672 Suppurt mnIg¥mL.T1¢ Adi Lrtl%lI4, & nidikL'li14r LY)Yt$ 730 192 497 t4)) .1 ¢l¢phtsne & intern¢i ¢o%ts 90 1.618 1.567 Tr'inlnce Lredil Cdrd I¥LY4 3V5 510 T1>11 r¢%()urL¢s exp¢nd¥ 70,Y24 4(J.241 Ntl Inrim 12 11(Tr% T"5 pa8c d(xs rtt)t lorm pfttt of statuton"" li[wl•l slat¢¢ts Page S