2025-03-31-accounts - St George Community Association Ltd

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

ST GEORGE COMMUNITY ASSOCIATION LIMITED FINANCIAL STATEMENTS

Year ended 31 March 2025

Company Registration Number 08152352 Charity Number 1150688

ST GEORGE COMMUNITY ASSOCIATION LIMITED FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

CONTENTS	PAGE
Reference and administrative details of the charity and its
advisors	1
Trustees’ annual report	2 to 6
Independent Examiner’s report	7
Statement of financial activities (including income and
expenditure account)	8
Balance sheet	9
Notes to the financial statements	10 to 16

ST GEORGE COMMUNITY ASSOCIATION LIMITED REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY AND ITS ADVISORS

YEAR ENDED 31 MARCH 2025

Charity Name	St George Community Association Limited
Company number	08152352
Charity number	1150688
Registered office and	321 Church Road, St George, Bristol, BS5 8AA
operational address
Trustees	Trustees, who are also directors under company law, who
	served during the year and up to the date of this report were as
	follows:
	Robert Acton- Campbell Chair
	Suzanne Proctor Resigned May 2025
	Alexandra Charles
	Keith Cross Treasurer
	Beth Nascè Appointed May 2025
Key Management
Personnel	Anthony Meese-Kennedy, Centre Co-ordinator
Bankers	CAF Bank, 25 Kings Hill Avenue, Kings Hill, Kent, ME19 4TA
Independent	Joanne Trowbridge MAAT
Examiners	Bristol Community Accountants CIC
	The Park, Daventry Road, Bristol, BS4 1DQ

- 1 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

St George Community Association Limited

The Trustees present the Report and Accounts for the year ended 31 March 2025 which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Legal Structure, Governance and Management

The charity is constituted as a company limited by guarantee, registered under the Companies Acts and its governing document is a Memorandum and Articles of Association under company legislation.

Its certificate of incorporation is dated 23 July 2012 and the last amendment to the governing document is dated 24 January 2013.

By operation of law, all trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation. The trustees are all individuals.

Method of Recruiting and Appointing New Charity Trustees

Charity trustees are local residents of St George and Redfield. We advertise trustee vacancies at the community centre, on local noticeboards, through the local paper and on VOSCUR website.

Trustee Induction and Training

We ask Trustees to complete an application process including providing two references. We provide all new Trustees with a policy handbook and provide any necessary training on an ongoing basis

Organisational structure

We employ a part-time Centre Manager (currently 24 hours per week) who reports directly to the Chair of Trustees. The Manager organises day-to-day running of the community centre, taking bookings, arranging maintenance and liaising with our regular hirers. The Manager is responsible for ensuring legal compliance, business planning, admin, development, fundraising and income generation as well as representing the organisation to stakeholders, external organisations and partners.

Objectives and Activities

The purposes of the charity as set out in its governing document

Promote the benefit of the inhabitants of St. George, Redfield, Speedwell and Whitehall without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating the said inhabitants and the local authorities, voluntary and other organisations in a common effort to

- 2 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

advance education and to provide facilities in the interest of social welfare for recreation and leisuretime occupation with the object of improving the conditions of life for the said inhabitants.

Establish, or secure the establishment of, a community centre and to maintain and manage the same in furtherance of these objects.

Public Benefit

In shaping the objectives for the year and planning activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

The main activities undertaken in relation to those purposes during the year

St George Community Association (SGCA) had a busy and successful 2024-25. The Community centre hosted a diverse range of regular weekly activities.

The organisation continued to work with local councillors, community groups and individuals to provide support for community and volunteer activity in the area. SGCA networked closely with the Friends of St George Park group, other community centres and volunteer groups locally.

Regular Groups:

In hiring out the community centre, SGCA prioritise groups that fit with our charitable aims of improving health, well -being and recreational opportunities for the people of St George and neighbouring areas. We hosted a full weekly diary of activities such as yoga, self-defence, tae kwon do, women's groups, religious groups, support groups, children's groups, NHS blood donor sessions as well as private parties, one off events and a series of markets and our own seasonal events.

Our organisation has been committed to supporting the diverse interests and needs of the local community, which has been reflected in the popularity of these groups. We have received positive feedback from hirers and users.

Events:

Funded from hire income, SGCA were able to run a volunteer lead spring 'bunny hop" event providing fun family activities and a local trader's market. Later in the year we organised and hosted a very successful free outdoor music event featuring local acts. These free community events are part of continuing efforts to contribute to neighbourliness and community cohesion as well as promoting the organisation as a positive force in the area.

Following the success of our seasonal markets in 2023-24, we supported other local groups to run a series of markets with a range of local products and produce, there was also a separate market for children with products and activities for young families.

In September we secured a grant from National Lottery Awards for All to run a further series of seasonal events at the community centre 2024-25. For the first of these, we organised our Festive Fayre on the 8th December featuring an array of crafts, face painting, a community choir, and of course, Santa.

- 3 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

A Spring play event was planned for April 2025 as well as further 3 events scheduled over the 2025 year.

The Centre was at capacity for all events. We documented these on out social media sites and feedback on our Facebook site were all positive.

Much thanks is due to all our trustees and volunteers who do so much to support events from poster design to serving teas, setting up the event, decorating, publicity and delivery.

Local Groups:

SGCA continued its involvement supporting local groups.

We act as a holder of funds for Friends of St George Park (FSGP), and the Play in St George Park Playground improvement fund (see note 19).

We continued to provide a legal structure for fundraising and activities of small groups in the area. Our Chair, volunteers and trustees ensured we continued a conversation with local councillors and groups over topics of local interest or concern.

We are keen to support un-constituted community groups in providing a legal structure for fundraising, activities and a continued dialog relevant to local issues.

We were able to help secure funding from Bristol City Council for Bike Bristol to run workshops through the Centre in 2024 into 2025.

We have agreements to hold funds for Park playground improvement, FSGP, and in due course Nicholas Wanderers AFC.

Organisation:

We are a "community connector organisation” around themes of play, health, environment and recreation both in St George Park and beyond. SGCA continued to build on this role in 2024-25 hosting community meetings with local councillors and the public. In October we facilitated public consultations around what are the next steps for the now unused bowling green in St George Park, for example.

We attended and hosted quarterly meetings with other community hubs, Meadow Vale, Hillfields, Beehive community Centres, the Ark Bus and local councillors to touch base, share good practice and coordinate our activities and priorities.

As part of our Community Asset Management grant funding received from Bristol City Council in September, we were able to build a new SGCA website. We were also able to use some of this grant funding to improve and update our digital infrastructure and practice.

Committee / Trustee Changes:

Rob Acton Campbell has been our acting chair for this year and has agreed to continue into the coming year.

- 4 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

SGCA welcomed Beth Nasce as a new trustee while wishing Suzanne Proctor all the best in her move away from St George.

Financial Review

Our honorary treasurer, Keith Cross, has made the following comments on our financial performance over the year:

As four separate grants were successfully applied for and received in the year, the income under this heading quadrupled from £10,200 in 2023-24 to £40,990. This demonstrates that a very active year was experienced utilising the valued skill set of our Centre Coordinator Anthony Meese-Kennedy.
The hire and letting income of the Centre increased slightly by approximately 5% compared to the previous year. A modest uplift in the hourly rates was put in place in the final quarter of the year so hopefully 2025/26 will see a more marked increase.
Similar to 2023-24 we were able to control our overall running costs of the Centre so these outgoings are fortunately not showing a material increase.

As at 31[st] March 2025, funds held were £63,160 (2024: £46,845) of which £12,680 (2024: 3,524) were held as restricted funds leaving £50,480 (2024: £43,321) as unrestricted general funds.

Reserves Policy

Reserves are an essential element of strategic, operational and budgetary planning. The charity has an adequate level of reserves to meet the Charity Commission recommended good practice of having a minimum of 3 months and a maximum of 3 years running costs as financial reserves to ensure that we are operating with sufficient reserve to avoid operational difficulties.

The charity’s unrestricted reserves of £50,480 represent approximately 12 months projected 2025/26 running costs which the trustees consider adequate for the purposes of the charity notwithstanding the ongoing reliance upon Bristol City Council for special events and so forth.

Community Centre Building

Following a survey looking at our energy consumption, we were able to improve our carbon footprint by installing solar panels on the roof of the building in February 2025. This was thanks to a green business grant from the West of England Combined Authority which we were fortunate to receive in Autumn 2024. We anticipate some savings in our electricity bills that help keep the Community Centre affordable to groups as well as being best practice in terms of sustainability.

General upkeep of the building has continued. We have employed a gardener to maintain the Community Centre garden making gradual improvements to the space for recreation and wildlife. Access and signage improvements were completed finishing the remainder of CIL funding at the beginning of the year.

Our next improvements to the building during 2025-26 will be looking at increasing storage space and making improvements to the kitchen area.

- 5 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

Conclusion

Over 2024-25, SGCA has continued to work towards its mission of supporting and facilitating opportunities for the health, recreation and wellbeing of people in the St George area. The Community Centre has provided a space for regular groups, one-off events, social gatherings, local markets, and meetings for local community and religious groups. SGCA as a local charity has continued to enjoy working with Bristol City Council and a network of local groups thanks to our various funders, volunteers, hall users and supporters.

Statement of responsibilities of the Management Committee

The trustees who are also the charity trustees have prepared financial statements for the financial year, which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the net income or expenditure, of the charitable company for the year. In preparing those financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company, and hence for taking reasonable steps for the prevention and detection of fraud and any other irregularities.

The trustees confirm that to the best of their knowledge there is no information relevant to the independent examination of which the examiners are unaware. The trustees also confirm that they have taken all necessary steps to ensure that they themselves are aware of all relevant examination information and that this information has been communicated to the examiners.

Independent examiners

Joanne Trowbridge of Bristol Community Accountants CIC was appointed as the charitable company’s independent examiner during the year. Joanne Trowbridge is a member of the Association of Accounting Technicians.

Approved by the trustees on ………………………………………..

and signed on its behalf by ……………………………………………

Robert Acton-Campbell - Director

- 6 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED INDEPENDENT EXAMINER’S REPORT

YEAR ENDED 31 MARCH 2025

I report on the accounts of the company for the year ended 31 March 2025 which are set out on pages 8 to 16.

Responsibilities and basis of report

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

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

Independent examiner’s statement

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

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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

Joanne Trowbridge MAAT

…………………………… ……………………………… Bristol Community Accountants CIC The Park Daventry Road Knowle Bristol BS4 1DQ

- 7 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

Year ended 31 March 2025

Unrestricted Funds £ 98 30,364 989	Restricted Funds £ 40,990 - -	Total Funds 2025 £ 41,088 30,364 989	Total Funds 2024 £ 10,272 29,693 123
31,451	40,990	72,441	40,088
36,826 966	18,237 97	55,063 1,063	56,116 878
37,792	18,334	56,126	56,994
(6,341) 13,500	22,656 (13,500)	16,315 -	(16,906) -
7,159 43,321	9,156 3,524	16,315 46,845	(16,906) 63,751
50,480	12,680	63,160	46,845

All of the activities of the charity are classed as continuing

The notes on pages 10 to 16 form part of these financial statements

As required by paragraph 4.67 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

Details of the allocation of 2024 total funds between unrestricted and restricted are shown in note 18

- 8 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED

BALANCE SHEET

Year ended 31 March 2025

Note Fixed assets Tangible fixed assets 15 Current assets Debtors 12 Cash at bank and in hand Total current assets Creditors : Amounts falling due within one year 13 Net current assets or liabilities *Total net assets or liabilities* The Funds of the Charity 16 Restricted funds Unrestricted funds General funds	31-Mar 2025 £ 11,606 4,328 56,133	31-Mar 2024 £ (restated) 1,975 4,679 41,571
	60,461 (8,907)	46,250 (1,380)
	51,554	44,870
	63,160	46,845
	12,680 50,480	3,524 43,321
	63,160	46,845

The directors are satisfied that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies' regime and in accordance with FRS102 SORP.

These financial statements were approved by the trustees on ……………............……. and are signed on their behalf by:

……………………………….

Robert Acton-Campbell - Director

The notes on pages 10 to 16 form part of these financial statements

- 9 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

1 Basis of Preparation

a) These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
b) The accounts have been prepared on the assumption that the charitable company is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves and support from the local Council. There are no material uncertainties about the charitable company's ability to continue as a going concern.
c) The charity meets the definition of a public benefit entity as defined by FRS 102.

2 Accounting Policies

a) Income from donations is included in income when these are receivable, except as follows:

i) When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods.

ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.

b) Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.
c) Expenditure is allocated where the costs relate directly to that activity. Support costs have been allocated on the basis of the resources used on the particular activity.
d) Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Fixtures and Fittings - 25% reducing balance.
Computer Equipment - 25% reducing balance
e) Unrestricted funds are available to spend on activities that further any of the purposes of the charitable company. Designated funds are unrestricted funds of the charitable company which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charitable company's work or for specific projects being undertaken by the charitable company.
f) The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
g) The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. Pension costs charged in the financial statements represent the contribution payable by the charitable company during the year.

- 10 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

Income and Endowments From:

Unrestricted Funds £ - 98	Restricted Funds £ 40,990 -	Total Funds 2025 £ 40,990 98	Total Funds 2024 £ 10,200 72
98	40,990	41,088	10,272
Unrestricted Funds £ - 72	Restricted Funds £ 10,200 -	Total Funds 2024 £ 10,200 72	Total Funds 2024 £ 4,124 105 20,209 5,255
72	10,200	10,272
Unrestricted Funds £ 6,235 - 20,229 3,900	Restricted Funds £ - - - -	Total Funds 2025 £ 6,235 - 20,229 3,900
30,364	-	30,364	29,693

Other Trading activities prior year - all unrestricted

5 Government Grants

The charitable company receives government grants defined as funding from Bristol City Council to fund charitable activities. The total value of such grants in the period ending 31 March 2025 was £22,090 (2024: £10,200). There are no unfulfilled conditions or contingencies attaching to these grants in the year ended 31 March 2025.

- 11 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

Expenditure on:

6 Charitable Activities

Unrestricted Funds £ 266 805 15,717 - 1,398 3,532 637 8,010 525 60 1,323 - 564 - 120 - 3,869	Restricted Funds £ 1,463 - 9,284 312 - - - - - - 1,389 - - 89 - 5,700 -	Total Funds 2025 £ 1,729 805 25,001 312 1,398 3,532 637 8,010 525 60 2,712 - 564 89 120 5,700 3,869	Total Funds 2024 £ 78 231 23,695 1,485 2,248 7,645 500 5,012 298 60 910 11,931 496 586 282 - 659
36,826	18,237	55,063	56,116
Unrestricted Funds £ 78 231 12,274 1,193 2,248 7,645 500 5,012 298 60 910 - 496 586 282 659	Restricted Funds £ - - 11,421 292 - - - - - - - 11,931 - - - -	Total Funds 2024 £ 78 231 23,695 1,485 2,248 7,645 500 5,012 298 60 910 11,931 496 586 282 659	Total Funds 2024 £ 878 -
32,472	23,644	56,116
Unrestricted Funds £ 966 -	Restricted Funds £ - 97	Total Funds 2025 £ 966 97
966	97	1,063	878

Other prior year - all unrestricted

- 12 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

8 Net incoming resources for the year

This is stated after charging:	2025	2024
	£	£
Depreciation of owned fixed assets	3,869		659
Independent Examiner's Fees	966		878

9 Staff costs and numbers The aggregate payroll costs were: Wages and Salaries Social Security Costs Less employment allowance Pension	2025 £ 24,508 2,120 (2,120) 493	2024 £ 23,202 1,875 (1,875) 493
	25,001	23,695

No employee received emoluments of more than £60,000 (2024: £Nil) The average monthly head count was 1 staff (2024: 1 staff)

The key management personnel of the charity comprise the trustees and the manager. Total employee benefits paid to key management personnel were £27,122 (2024: £25,049).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024: £nil). No other trustees received payment for professional or other services throughout the year (2024: £nil).

10 Related Party Transactions

There have been no related party transactions during the year (2024: £nil)

11 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

12 Debtors

Debtors Provision for doubtful debt Prepayments and accrued income Creditors: amounts falling due within one year Creditors Accruals and deferred income	2025 £ 4,145 (1,521) 1,704	2024 £ 3,657 (716) 1,738
	4,328	4,679
	2025 £ 6,490 2,417	2024 £ 89 1,291
	8,907	1,380

13 Creditors: amounts falling due within one year

- 13 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

14 Company limited by guarantee

The company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited to £1 each.

15 Tangible fixed assets

At 01-Aug 2024 £ 3,524 - -	Fixtures & Fittings £ 3,718 13,500	Equipment £ 949 -	Total £ 4,667 13,500	At 31-Mar 2025 £ 800 11,880 -
	17,218	949	18,167
	2,218 3,750	474 119	2,692 3,869
	5,968	593	6,561
	11,250	356	11,606
	1,500	475	1,975
	Incoming resources £ 22,090 14,850 4,050	Outgoing resources £ (15,364) (2,970) -	Transfers £ (9,450) - (4,050)
3,524	40,990	(18,334)	(13,500)	12,680
43,321	31,451	(37,792)	13,500	50,480
46,845	72,441	(56,126)	-	63,160

Purpose of funds Bristol City Council The funding was given to modernize the organisation's digital presence and infrastructure, while also investing in sustainability upgrades and management time.

National Lottery

West of England Combined Authority

The funding was used to cover the core administrative, personnel, and production costs for a public event, including wages and payments for artists and performers.

Solar panel funding.

- 14 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

17 Analysis of net assets between funds

Tangible fixed assets Current assets Current liabilities	Unrestricted Funds £ 11,606 42,081 (3,207)	Restricted Funds £ - 18,380 (5,700)	Total Funds 2025 £ 11,606 60,461 (8,907)
	50,480	12,680	63,160

18 Analysis of charitable funds - previous year, as required by paragraph 4.2. of the SORP

Unrestricted Funds £ 72 29,693 123	Restricted Funds £ 10,200 - -	Total Funds 2024 £ 10,272 29,693 123
29,888	10,200	40,088
32,472 878	23,644 -	56,116 878
33,350	23,644	56,994
(3,462) 2,027 (1,435) 44,756	(13,444) (2,027) (15,471) 18,995	(16,906) - (16,906) 63,751
43,321	3,524	46,845
Unrestricted Funds £ 1,975 42,726 (1,380)	Restricted Funds £ - 3,524 -	Total Funds 2024 £ 1,975 46,250 (1,380)
43,321	3,524	46,845

- 15 -

ST GEORGE COMMUNITY ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

19 Funds held

Funds held comprises of funds held by the charity as agent on behalf of other entities.

Balance at the start of the reporting period Net movement in funds Balance at the end of the reporting period	2025 £ 17,552 4,336	2024 £ - 17,552
	21,888	17,552

These funds do not form part of the charity's assets and liabilities.

20 Prior year restatement

In the prior reporting period, the charity accounted for funds held as agent on behalf of Friends of St George Park and Play in St George Park by recognising them on the Balance Sheet. In accordance with SORP Module 19, funds held by a charity acting solely as an agent are not controlled by the charity's trustees and therefore must not be recognised as assets or liabilities in the charity's accounts. The comparative figures for the prior year Balance Sheet have been restated retrospectively to remove the effect of these misclassified funds.

Balance sheet Debtors Cash at bank and in hand Total current assets Creditors:amounts falling due within one year Total net assets or liabilities	As previously stated £ 4,679 59,123	Adjustment £ - (17,552)	Restated amount £ 4,679 41,571
	63,802 (18,932)	(17,552) 17,552	46,250 (1,380)
	44,870	-	44,870

- 16 -