Northampton Abington Community Association ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Northampton Abington Community Association (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INDEX Page Legal and Administrative Information Report of the Directors Independent Examiner's Report Statement of Financial Activities 10 Balance Sheet Accounting Policies 12 Notes to the Accounts 13-15
Northampton Abington Community Association (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page 1 Company Number: 8391210 Registered Charity Number: 1151292 Board of Directors: Mr A.R. Skinner- Financial Director Mr M.E.J. Brown Mrs R. Malcomson-smith Miss G.L. Lewis Chairperson resigned 25 March 2024 th Ms M Burchart from 15 November 2024 Company Secretary: Mr A. R. Skinner Registered Office: 2 Wheatfield Road South Northampton NN3 2HH Independent examiner: Ileana Culpeck MAAT 10 Wocxjhall Close Northampton NN4 9UB Bankers: Co-operative Bank PLC PO Box 250 Skelmersdale WN8 6V Solicitors: Tollers LLP 1, Waterside Way Bedford Road Northampton NN4 7XD
Northampton Abington Community Association (A Company Limitod by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page 2 The Board of TruStS has pleasure in presenting this report and financial statements for the year ended 31 March 2024. STRUCTURE. GOVERNANCE AND MANAGEMENT The unincorporated organisation was originally fomied in 1949 and operated in accordance with a constitution, which was last renewed on 14 January 1998. The Incorporated Association of the same name which was formed as a Company limited by guarantee No 8391210 on 6th February 2013 registered in England and Wales at 2, Wheatfield Road South and registered as Charity No 1151292 on 19° March 2013 took over all the assets and liabilities of the unincorporated Association with effect from 1st April 2013. The Association's Board are the Charity Trustees. A list of the Trustee'slDirectors and their positions and periods of SeN1 during the financial year appears on Page 1 Trustees are sought by nomination partly from the Associations sections {or groups) and affiliated organisations, partly from the users of the Centre and by invitation to suitable applicants to fills skill gaps. The board may co-opt directors subject to vacancies which are formally confirmed at subsequent AGM'S. Board Trustee meetings are nomially held bi-monthly, between meetings day-to-day decisions are delegated to the Manger or OffIrS, in particular the Chairperson or Secretary. but in general all major decisions are tsken by the Board. The reduced size of the TrusteeslBoard of Directors as it finds itself presents problems and potential risks. especially in terms of a business development plan for future security. Engaging the requisite skill set to come on to the Board to address the shortfall is a challenge common to many organisations of our size and intent. Succession planning is a real problem going forward, particularly in the respect of the Company SecretarylFinancial DirectorlTrustee's long experience in completing the many and necessary Statutory requirements. The Association has continued to manage Abington Community Centre, with help and guidan from the West Northamptonshire Unitary Council {WNC) the main related party and freehold owners of the building, in continuation with arrangements in force since the formation of the original Association in 1949. As part of the tenns of our Management Agreements and Lease it was a requirement that the Association become incorporated in some fomi, and it was decided to become a Company Limited by Guarantee. The Company is responsible for the running of the Community Centre including all finance and maintenance of the inside of the building. The Council is responsible for the outside maintenance of the building. Risk management considerations have soxfar been restricted to those that can be insured for", financially the Association would be covered for fire and theft etc. However, the loss of the building would be a serious problem to the Association should it ever occur, and it was for that reason that previous Officers and Members built up a substantial reseNe of funds with the intention of investing those monES in new buildings if and when available. The lease provides for 30 years of security, but it is now already 12 years spent and there are conditions to be met in the Management Agreement in order to retain low rents, and thus ensuring effective financial viability-
Northampton Abington Community Association (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page 3 In March 2020 a General Meeting was held to amend the Articles of Association of the Company in respect of Membership. Persons from outside the Area of Benefit (Abington) can no longer be members, (unless they are Board Members) and a new category of voting members for General Meetings was established for elected representatives of Centre Sections. The meeting was duly confimied by the Companies Registrar and the Charities Commission As a result of the former Covid-19 emergency the Centre is still feeling the effects in that many of our former user groups have not returned to nomal. However, to offset this we have attracted quite a lot of new user groups AIMS AND OBJECTIVES The Objects of the Association are to provide to the people of Abington and the neighbourhood in an all-inclusive way, with the help of local inhabitants and authorities and other organisations to maintain a welcoming pla for activities of a soaal, educational or leisure time nature, and to improve their conditions of life. The Association provides rooms for activities to take pla in. In some inStanS, the Association runs the activities itself, or via a Group of Members (a Section), or via Other Group or Individuals to use. It organises social activities and runs a catering facility (associated with users only). The Association directly runs social events on an occasional basis. The Associations Groups (or Centre Sections) run a Monday Afternoon Art Group, a Monday Evening Camera Club, a Tuesday and Thursday Moming Tigers & Cubs Childminders term time Group, a Tuesday Lunchtime Over 50's Keep Fit Group, a Wednesday Afternoon Bowls Group, a Wednesday Evening Table Tennis Group, a Friday Morning Home Educats'on Support Group and a term time Youth Group on a Friday early evening, all meeting weekly exp1 as indicated and subject to differing out of season arrangements when some Groups do not meet. The nomial regular hirers include, Christ Apostolic Church (New Testament Assembly) on a Sunday Moming and on the last Saturday morning each month, Christ Apostolic Church (International) on a Sunday Morning, End Time Ministries on Sunday Lunchtimes, Mr Stoika's Romanian Church on Sunday Nights and also Thursday Nights, a Church Youth Group on a Monday and Friday Night, Sarah runs a Weight watchers group on a Tuesday moming, a Lego Group also meets on a Tuesday morning, a kids Scien dub meets on Tuesday afternoons and Thursday mornings, a Fashion & Textile Group meets on a Tuesday Afternoon. The Higher Life Group holds a Prayer meeting on Tuesday nights, Affinity Dog Training on Tuesday evenings, the Church of Pentecost on Wednesday Mornings and occasional Friday and Saturday Evenings, Dag Karate on certain early Evenings, a Living Well Diabetes Prevention Programme on Friday mornings, a Pilates class also on a Friday moming, Jo Daniels has a Yoga Class on a Friday afternoon, the British Cactus Society meet on rtain months on the first Friday Evening. A Latvian Supplementary School lce a month on a Saturday Moming, Gethsemane Presbyterian Church Meet on occasional Saturday Evenings. Other bookings include CCOM on Sundays on an occasional basis. Training sessions for various organisations on a weekday including Genius Tuition in holiday periods and Fresh Start in Education during term times. In addition, Weddings, Birthday Parties, Baby Showers etc. take plaèe on an individual basis throughout the year, mainly on Saturdays. A lot of spare capacity does exist., however, with the arrival of new hirers, some blocks are now well filled particularEy on Sunday's, and we are doing fairly well in the morning sessions which were once our quieter times. The Old Hall is not currently used on a Wednesday and the New Hall is not currently used on a Thursday.
Northampton Abington Community Association (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page 4 A part time Manager, Caretsker, Cleaner x2, Finance Assistant and Administrator are now employed, however much of the activities undertaken by the Association are of a voluntary nature. The Association needs to thank the many volunteers, including TrusteeslDirectors in other capacities, who by their efforts make a substantial but unquantifiable contribution to the running of the Association, much of the Associations success has been due to their efforts. Section numbers have partly stabilized following a downhill trend with several deaths of section members, but the additions of some new Centre Groupslsections have helped. The age profile is still heavily skewed to the retired age group that puts a strain on the organisation and is causing a potential problem with volunteers to keep the Centre going leading to the recruitment of additional employees. The Trustees have taken the decision that hires involving Alcohol will not normally be allowed. ACHIEVEMENTS FOR THE YEAR The main achievement for the year is the continued suNival of the Association. this has been achieved because of the use of some of our ReseNes and because of the previous Furlough Government Grants and the various schemes for local authorities to pay Grants to the Hospitality and Leisure Sectors assisted in covered most of our costs during the Covid period. The above nominal list of activities means that the Community Centre has a potentially heahY number of activities. This list has slowly built up over the past few years, with several changes on the way and represents the bookings we now have in September 2024, bookings were however very slow to pick up following the Covid crisis hence the need to use some of our Resetves . Due to the part time nature of our staff, security systems have been fFtted which allows users access with a key fob or code during the open periods and allows them to admit visitors from the main function rooms without having to go to the front door which always remains locked to maintain security within the building. The folding doors between the New Hall and the Ralph Skinner Room were renewed in December 2022 with the further help of a £5,000 grant from the B&Q Foundation Neighbourly Team. We have also created additional storage out of part of Ihe New Hall, this has allowed us to place bulky Ftems away from harm including Bowls mats and Table Tennis Tables and allowed better use of the existing storage room The Hope Centre has given us an additional Grant to run further grow. cook, eat sessions through our Friday morning Home Educafton Support Group and we have received additi)nal funding from Northatnpton Town Council for our Future Programme of Events.
Northampton Abington Community Association (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page 5 We have in the past financial year had considerable physical assistan from three organisations, the first was Nationwide Building Society who have helped us with replacement Tables and Chairs and crockery, the re-fitting of our Trophy Cabinet, and cleaning assistance, ISG Constructions who helped us with the suspended lling in the New Hall. In addition, through Tresham College the Northampton South PrIn'S Trust Team 59 adopted us as their community project which involved redecorating of the walls of multiple hallways, the kitchers, canteen and toilets, and improved the outside space by weeding and clearing up before planting membrane and laying wood chip to the private area beyond the kitchen. We have continued to maintain and keep the inside of the building a welcoming place. but on a reduced cost basis compared to previous years. This year, there has been less incidenS of vandalism. Some problems caused by a few youths on the exterior, and particularly the roof of the building have however continued, this has not been helped by a fence to the rear of the buildings, which is relatively low and can easily be used to access the roof, but external works are the prerogative of the Council but limited works to the neighbour's fence appear to have mitigated some of the problems. As a result of the adjoining lands on the northern and western perimeters to the building having been redeveloped for housing, we lost the car parking we had and are now left with on street parking only. This has caused potential hirers to not book or not to renew a booking and can cause problems when we have a lot of occupants. We have requested the Council to provide some parking bays to formalise the situation outside the building so far without a solution. The former County Council were willing to consider it, but only if we financed the work at considerabte expense. We continue to liaise wtth residents and our new Councillors to minimise the problems. however real solutions are not under our control. Our user groups have changed Sin Covid, and we are seeing a small growth in bookings, particularly in the daytime, this may be partly arising from our webstte and promotions. However, many enquirers have we believe been put off from using the facilities due to the non-availability of off-street Parking. Despite a significant number of enquiries, we are not able to help them all and thus they do not all result in new bookings. FINANCIAL REVIEW si On the 1 April 2013 the assets of the Old Association were transferred to the Company and showed a healthy unrestricted start up position of £109,209. In recent years the sustainability of the Association has been in doubt, we have addressing this by attempting to increase the current occupancy rate and seeking other sources of funding. We restructured and increased the rates of hire from 1 April 2021 and increased the rates further in April 2023 and April 2024. The financial position has been that atthough we have needed to use our resenies, this has been on a declining basis assisted by limiting repairs and making use of grants wherever possible. We have reduced our employees by deletion of the Events Co-ordinatorfs post to keep our employees, costs at a minimum.
Northampton Abington Community Association (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page 6 Our users have post Covid largety returned, but in the meantime, we do have sufficient Reserves to carry us through, and we plan to make more use of Grant Aid in future. To this purpose we have previously added a post of Finance & Fundraising Officer, to be able to conntrate on such claims for us. After eleven years of operation by the company the financial position is reasonably healthy however the trend has been for outgoings to exed incomes thus, we are still using up our reserves. RESERVES POLICY The Trustees Resenies Policy includes thr months running costs and provision to cover the fitting out. refurbishment and maintenance of the building. A substantial part of this reserve is set aside against future deterioration of the 1930's element of the existing building which has been improved, but de-facto remains a temporary building from that time. FUTURE PLANS Plans for re-development of at least part of the buildings have been renewed during the year, and some minor modifications have been carried out. But all that had previously been anticipated came to nothing. Little in the way of long-tem planning had been made other than to try and increase use of our facilities to make them more robusl and sustainable. We are continuing to maintain what we can inside the building, using the funds built up. As part of the new arrangements, we were required to produce a business plan, which contains proposals for more marketing and community development with a view to further increasing the use of the building. We have adjusted our employee base all of which are on a part time basis the full time equivalent of which is 1.8 persons based on a 35-hour week at the end of the year. We continue to meet with other Community Centres through VVNC'S Community Centre Forum, but the meetings have of late become very infrequent. This has in the past allowed us to share best practice and discuss mutual co-operation in the sector locally and adjust some of our contract arrangements to reduce costs. It has also allowed us to investigate other Grant funding opportunities, so far with only limited success. The TrusteeslBoard had been in discussion with the Friends of Abington Library as to how we can help with the transfer of that Library to a Community Managed Library. A business ase had been agreed, but then all came to a stop with the covid-19 problems. Due to the reduction, we believed we were facing in our ReseNes, and the likely ongoing cost, we have withdrawn from any involvement. and there is no intent to resurrect the project given our financial situation. The Friends now have access to the building and are managing it as a Community Library
Northampton Abington Community Association (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page 7 PUBLIC BENEFIT The main Public Benefit is to the citizens of Northampton, and in particular the inhabitants of the Abington EstatelHeadlands Ward in providing them with facilities to perfonn various activities. Typical of the use of the facility is the list of activities described above. Additional specific examples are by making rooms available to selected groups at no charge, where applicable, and redUd rental has been specifically agreed for various sessions, other Charities, and occasional fund-raising events by individuals, or organisations for other charities for example National Citizens Service. OTHER INFORMATION Thanks to one of our former trustees the Associalion has renewed the main Website on the nternet. The most up to date Website is www.abingtoncc.co.uk. Most of our enquiries are through the Website but also Email or phone. We also have a Fabook address which is Abingtoncc, which is growing in followers, and an Instagram account. This report was approved by the Board of Directors as a written resolution on 2nd December 2024. and signed on their behalf by.. A.R Skinner Company Secretary
Northampton Abington Community Association (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page 8 The Board of DirectorslTrustees is responsible for Preparing financial statements for each financial year which give a true and fair view of the state of affairs of the Company at the end of the year and of the surplus or deficiency for the year then ended. Selecting suitable accounting policies (as described on page 11) and then applying them on a consistent basis, making judgements and estimates that are prudent and reasonable. Preparing the financial statements on the going cOnM basis unless it is inappropriate to presume that the Company will continue in business. Keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and to enable it to ensure that the financial statements comply with the Compantes Act 2006 Safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Confimiing that the financial statements comply with current statutory requirements, the requirements of the charity's goveming documents and the requirements of Statement of Recommended Practice for Charities 2005. Confirming that reference has been made to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Aims and Objectives and in planning future activities, and in particular that it has complied with the duty in Section 4 of the Charities Act 2011. Considering how planned activities will contribute to the Aims and ObiectÉves.
Northampton Abington Community Association (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page 8 The Board of DirectorslTrustses is responsible for Preparing financial statements for each financial year which give a true and fair view of the state of affairs of the Company at the end of the year and of the surplus or deficiency for the year then ended. Selecting suitable accounting policies (as described on page 11) and then applying them on a consistent basis, making judgements and estimates that are prudent and reasonable. Preparing the financial statements on the going cOnrn basis unless it is inappropriate to presume that the Company will continue in business. Keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and to enable it to ensure that the financial statements comply with the Companies Act 2006 Safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Confimiing that the financial statements comply with current statulory requirements, the requirements of the charity's goveming documents and the requirements of Statement of Recommended Practice for Charities 2005. Confimiing that reference has been made to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Aims and Objectives and in planning future activities, and in particular that it has complied with the duty in Section 4 of the Charities Act 2011. Considering how planned activities will contribute to the Aims and Objectives.
Page 9 Independent Examiners Report to the Trustees of: NORTHAMPTON ABINGTON COMMUNITY ASSOCIATION Registered Charity Number: 1151292 st I report on the accounts of the company for the year ended 31 March 2024, which are set out on the attached pages 10 to 15. Respective responsibilities of trustees and examiner The trustees (who are the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 {2) of the Charities Act 2011 and thal an independent examination is needed. Having satisfied myself that the charity if not subject to an audit under company law and is eligible for independent examination, it is my responsibility to: Examine the accounts under section 145 of the Charities Act 2011 follow the procedures laid down in the general directions given by the Charity Commissioner (under section 145{5)(b) of the Charities Act 2011 State whether any particular matters have come to my attention. Basis of independent examinerfs statements My examination was carried out in accordan with the general Directions given by the Charity Commission. An Examination includes review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures of the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequentially no opinion is given as to whether the accounts present a Yrue and fair view". The report is limited to those matters set out in the statement below. Independent Examiner's Statement In connection with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that in any material respect, the requirements.. to keep counting records in accordan with section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not b*n met, or 2. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Ileana Culpeck MAAT th 29 DeTrmber 2023
NOR THAMPTON ABINGTON COMMUNITY ASSOCIATION (A Company LimAted By GiJar8ntee) Page 10 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEIR ENDED 31 MARCH 2024 Notes Unrestricted Re5trfcted Total 2024 Unyestried R•strlcte(I Total 2023 Income and en(lowments from.. Donstions and legacies Charitable Actiwties In¥Estments Other Total income and endowments 96 73,096 1,340 2,988 7.719 3,083 80,815 1,345 72 53,221 772 11.587 9,775 11,659 62,998 772 10,711 54,065 21,362 75,427 Expendiiure on: Raislng Funds Charitable Actsmties Other Total Expendlture 80,176 11.185 91,361 72,635 20,003 92,638 80,176 11.185 91,361 72,63S 92,638 Transfer betseen funds Net movem•nt in funds Totsl funds brought forward held by Groups Total funds brought forward held by NACA 15,6441 14731 3,923 10.113 16,1181 3,923 91.803 {18.5701 1,359 4,039 8.638 117,2111 4,039 108,898 81.690 100,260 Total funds carrfe(I foThvard All of the acDvih"os of the charit8ble comp8ny a cla5S8d &s ¢ontinuing. There ar8 no recognised gains orlosses other than lIe includedin the St&tementof FAt78ncial Activibes shown above.
NORTHAMPTON ABINGTON COMMUNITY ASSOCIATION Page 11 (A Gompany Limited By Guaranteej BALANCE SHEET AS AT 31 MARCH 2024 Com an Numbèr.. 08391210 Unrestricted Restricted Totsl 2024 Total 2023 ASSETS.. Fixed A85et8 Tangible Assets Current Assets Debtors stks Investments Cash at Bank Cash in Hand Fund5 held by Groups 12,663 12,663 18,744 5.054 470 56,389 7.443 125 5,054 470 80.957 12.767 125 3,670 83,043 10,481 699 60,138 8.188 125 3,923 83,534 4.568 5,324 3,670 13,562 69,481 Credltors Amounts falling due within one year 6,098 6.098 8.098 8.098 6,552 6,552 Net Current Assets 63,382 13,562 76.945 76,982 NEf ASSETS FUNDS Unrestricted Restricted Total 2024 Total 2023 unStrICted General Designated 68,546 7.500 76.046 68.546 7,500 76,046 13.563 74.190 7.500 81.690 14.036 Restricted 13.563 For the year ending 31st M8rch 2024. the company was entided to exemptson audifunder section 477 of the Comp8nNes A¢t2(106. The d1ctO acknowledge theirreswsibilities for (i) the membets h&ve notrequired the comJ)any to obtain an eudit of Its accounts forlhe yearin question in a¢cordan¢e wlth section 4T6. (Ni) the diEctors acknoLvledge theirresponsibilifves for complying with thè requirements of fhè Act with respecl to accounhng rècords and the preparahon of accounts. (iii) Ihese a¢counts have been re in ac¢ordance with th8 provisions applic8ble to companies subject to th8 small ComeS, regime. The accounts have been prepared in acc(KdanGe wilh the special prowsions relating to small companies wlihin lh6 Comp8nies Act20O6 Approved by the Board of Dire¢tors as a written resoluton on 3rd January 2025 and signed on their behalf by A R S'nnor Company SecretrrylFinancial Directoi Date". 3),) The not8s on pages 12- 15 form part of these financial statetnent5.
NORTHAMPTON ABINGTON COMMUNITY ASSOCIATION Page 12 (A Comp8ny Limilecl 8y Guaranleej PRINCIPAL ACCOUNTING POLICIES FOR THE YEAR ENDED 31 MARCH 2024 The financial statements of Y)e Charitable Cotnpany, which is a public benefit entity under FRS 102, have been prepared unrler the historical cost con*ntion and in aocor(lance with the Companies Act 2006, and the Statement of Recommended Pra¢ti¢e SORP IFRS1021 issued on 1st October 2019. applicable UK Accounting Standards and the chants.ès Act 2011. Fomiat The company has taken advantsge of the piowsions of the Companies Act 2006 and presented an income and expenditure account in the form of a Ststement of Financial Actiwbes on the grounijs account In that it enables the financial statements to show a true and fair Mew of the result for the year. Fixed A83ets Depreciation Is caleulatsd to wrrte down the Cost of all tangit)le fix418ssets. The depreciation is eal¢ulated as 20% per annum, straight line method. Short life assets ow 2 years Stocks Any stocks ol cleaning materials and ststionery held are walued at etsst Incomlng Resources Income Is brought into account on a re1¥able bas1S. Investment Income Interest is brought into acwunt on a leIVable basis. Gifts in Kind and Donated Service5 and Facllrtles Gifts in Tr¢S. donatecl facilities and wluntsry help, are not induded in the ffnancial ststements sin it is not considered practical to quantify such income. Resources Expended Expenditure is slated IrlUSIve of value added tay, an¢J brought into account in the year In whieh it is due. Group Funds Group Funds a included in the consgtidated accounts. As all ftjnds late to specific 9roups they are considered to be restiicted. Dèsignated Funds Designated funds- these are funrjs set aside bythe trustees out of unrèstricted funds foF specific futu purpose5 or projects Ros•rves The current SerIE policy Is to maintain sufficienl cash flow for known commitments. and the replacernent ol certain a55ets. Risk The OirectorslBoard of Trustees do not belie¥e the organis8tion is subject to any substantial risk Lwond those disclosed in the Annual Rewrt and Accounts. The organisation has insuran¢e to prote¢t it in the case of a ¢laim.
NORTHAMPTON ABINGTON COMMUNITY ASSOCIATION Page 13 (A Conypany LimitedBy Guarantee) NOTES TO THE ACCOUNTS Unresthcted Restricted Total 2024 Total 2023 Note 1 hatable Activities storage Subscripts'ons Other Social Events Outings Room Hi Sundry Groups Canteen 520 25 188 520 25 168 10 273 71.631 183 71.631 183 7,719 569 51,753 187 9,775 634 7,719 569 Note 2 Charltable Activities Ernployrnent Costs Printing. postage, stationery Telephones Subsoriplions donatlOn5 and presentsb.ons Rates and water rates Healing and electricity Marketing, publicity Insurance Leasehold Rent Repairs and neal$ Cleaning expenses Outing5 Social Events Groups Expenses Sundry expenses Canteen Purchases Govemance Costs General e)oen5es- linol paT011 chargesl Professional Fee5 Indepen(Jent Examination IProfilllLoss on disposal of fixed assets DeplstIOn 43,543 702 1.319 978 2,322 10,579 665 910 240 4,339 3.878 39 43,582 702 1,319 978 2.322 10,579 665 910 240 5,539 3,678 36,820 936 1,704 648 695 11.495 322 864 240 12,074 3,400 1,200 1,642 1,842 8.840 2,491 381 1,055 11.206 659 668 8,840 1,106 1,385 381 1,043 53 420 1,043 53 420 1.010 2.039 813 5,993 5,993 5,992 Not• 3 Employment costs Gross salaries Employer N I Employei Pension DBS Checks Travel Training 43.320 39 43.359 36,442 218 218 244 134 39 TheTe are no employees being paid in excess of £60,000 per annum_ The average number of employees by head count during the year was 612023.'61. Key Management personnèl in the year were the Directorstrrustees no MUneratIon was paid.
NORTHAMPTON ABINGTON COMMUNITY ASSOCIATION Page13 (A Company brnited By Guarantee) NOTES TO THE ACCOUNTS Unrestricted Restricted Total 2024 Total 2023 Note 1 Charltable P&tivities Stoiage Subscriptions Other Social E¥Enls Outings Room Hire Sundry Groups Canteen 520 25 168 520 25 168 364 10 273 71,631 183 71.631 183 7,719 569 51.753 187 9,775 634 7,719 569 Nots2 Char4table ktlvltles Ernplownent Costs Printing, postage, stationery Telephones Subscriptions donations and pr6sentstions R3tes snd water rates Heating and electricity Marketing. publicity Insuran¢e Leasehold Rent Repairs and ienew81s Cleaning expenses Outings Social E¥Rnts Groups Expenses Sun¢ry expenses Canteen Purchases Govemance Costs General expenses- (incl payroll charges) Professional Fees Independent EKamination IProfitllLoss on disposal offixed assèts Depreciation 43,543 702 1.319 978 2,322 10.579 665 910 240 4,339 3,678 39 43,582 702 1,319 978 2,322 10,579 665 910 240 5.539 3,678 36,820 93e 1,704 646 695 11,495 322 240 12,074 3,400 1,200 1,642 1.642 8,840 2,491 381 1.055 11,206 659 868 8,840 1,106 1,385 381 1.043 53 420 1,043 53 420 1,01D 2,039 813 5,993 5,993 5.992 Not• 3 Employment costs Gross salarie5 Employer N I Employer Pension DBS Checks Travel Training 43,320 39 43,359 36.442 218 218 244 134 39 Theie are no employees beSng paid in ex$ of£60,000 per annum. The average number of employee5 by head count durlng the ar was 612023..61. Key Management personnel in the year were the Direct015Thrustees no remun8ration was paid.
NORTHAMPTON ABINGTON COMMUNITY ASSOCIATION Pagè 14 IA Company Limited By Guar8nt8e) NOTES TO THE ACCOUNTS Note 4 Tanglble A•sets Fumiture & Equipment Total 2024 Total 2023 Cost Brought forward Additions dunng year Disposal 79.135 79,135 oe.590 12,545 8,270 70.865 8.270 70,865 79.135 Dèpreciation Brought forward Charge during the year Disposals 60,391 5.993 8.182 58.202 60,391 5,993 8,182 58,202 54.399 5.992 60.391 Net Book value Balance al 31.03.24 Balants at 31.02.23 2024 2023 Note 5 Debtors Rents in arrears Payments in adwance Aectued Income HMRC 1.495 2.117 1.425 17 5,778 1,960 1,962 761 Unrestricted Restrietèd 2024 2023 Note 6 Investments National Samngs Bank Market Harborough Building Society Virgin neY 677 3,891 6TT 55.268 5,012 671 54.467 5,000 51.377 5,012 2024 2023 Noto 7 Cr8ditors Amounts falling due in ore year. Deposits Held Accruals 11.9731 12,7251 11.400 11,2741 12,0501 3,228
NORTHAMPTON ABINGTON COMMUNITY ASSOCIATION Pa9e15 (A Cofflpany Lirnited By Guarantee) NOTES TO THE ACCOUNTS Note 8 Designated Fund8 Designated funds are funds set aside bythe trustees out of unrestricted fijnds for a specifi¢ purpose. Balance Movenxnt Transfer 31.0323 Out 31.0324 Building refurbishment prolS1On West Northants Council own the building. but fitting out the building for use is the responsibility of the NACA. The building fund has been designated bylhe trustees to cobei fitting out any new building or if the expected development does not takè place refurbish the old building. Note 9 Rostricted Fund8 B*lan¢q Jl_Q3.23 Mov8m8nt Transfer Balanc• 31.03.24 Tigers & Cubs Childminding Group Craft Group Phoenix Club Over 55's Table Tenni3 Fund Railway Group Fund Youth Group Fund Acorns Playgroup Folk Dancers Xmas Day Canteen welfa Fun Northampton Town Ctsunal Rank Org. Pebble grant Bow15 Group Fund Over 50,5 Keep Fit SuTrny Smiles Camera Club Art Croup Horne Education Frida Hope Centre Local Gi1ng Peak Enpower.. Garden Grant WPD Community Matters 41 13 785 17341 92 297 1,598 23 246 297 1,121 23 151 1,688 12.1651 553 16481 51 872 51 67T 1,700 2.000 11,3971 2,$03 3.367 .124 2.506 11.0801 12,8171 3.411 130 32 2.158 256 32 2.140 916 98 73 949 19001 14081 1731 19091 1,520 1,560 280 1.040 280 1,001 1391 Held by NACA for Groups Furjds held by Groups 10,113 3,923 9,892 3,670 Northampton Town Council grarts ale for sensory equipment1£303 of £SOO remaining) and fubjre events1£2.0001 Hope Centie grant is for their Glow. Cook, Eat Scheme Peak Enpower grant is to create 8 garden area VVPD Community Matters grant is for summei u)ut8es Note 10 Trustg0S During the year the trustees received no remuneration. The total expendituie reimbursed to trustees amounted to £51 12023..£1131 Note11 Operatlng Lease Commltments On 30th March 2012 Northampton Abingtt>n CornmunityA5sociation entered into a 30 year lèase agieernentwith Northampton B(Yough Council with an annual payment of É240 Note12 uitlmate Controlllng Paty The charity is under the ultimate control of its trustees, whose names are listed in the Annual Reptsrt. Note13 Related Party Transactions Related party entries are any payments to Northampton Town Council and West Northants Council, as statutory members.