Kingdon House Community Association
Charity No. 1152091
Company No. 08490544
Trustees’ Report and Unaudited Accounts
For the year ended
30 April 2024
Kingdon House Community Association
Year ended 30 April 2024
Contents
| Page | |
|---|---|
| Trustees’ Annual Report | 3-4 |
| Summary Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Statement of cash flows | 7 |
| Notes to the Accounts | 8 - 12 |
| The following does not form part of the financial statements | |
| Detailed Profit and Loss Account | 13 |
2
Kingdon House Community Association
Year ended 30 April 2024
Trustees’ Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 April 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 08490544
Charity registered number 1152091
Principal Office
Kingdon House, Pym Street, Tavistock, PL19 0AW
Registered Office
Kingdon House, Pym Street, Tavistock, PL19 0AW
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
C J Bowen – resigned 29 February 2024 D Boyer R L Farrant – resigned 30 June 2024 J Houghton A Johnson P A D Jones G Loving – appointed 5 September 2024 C Smith – appointed 6 September 2024 M W Taylor S A Walker – appointed 6 September 2024 S J Whettem K Woodward – resigned 6 September 2024
Accountants
Dennathorne Accountancy Services Dennathorne Down Road Tavistock PL19 9AG
3
Kingdon House Community Association
Year ended 30 April 2024
Trustees’ Annual Report (continued)
Objectives and Activities:
The purpose of the charity as set out in its governing document is to promote the benefit of the inhabitants of Tavistock and district without distinction of sex or political, religious or other opinions by associating with the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interest of social welfare, for recreation and leisure time for the said inhabitants.
The main activities undertaken in relating to those purposes are the establishment of the Community Centre and maintenance and management of the same.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Approved by the Board on …………… and signed on its behalf by
P A D Jones
Trustee
4
Kingdon House Community Association
Year ended 30 April 2024
Income & Expenditure Account
| Notes Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Expenditure on: Charitable activities 6 Other 7 Net income/(expenditure) Reconciliation of funds Total funds brought forward 11 Total funds carried forward |
Total funds 2024 £ 1,025 31,710 284 33,019 (21,463) (17,033) (5,477) 78,638 73,161 |
Total funds 2023 £ 387 32,010 208 |
|---|---|---|
| 32,605 (17,600) (13,767) |
||
| 1,238 77,400 |
||
| 78,638 |
All income and expenditure derive from continuing activities and are unrestricted funds. The statement of financial activities includes all gains and losses recognised during the year.
The notes on pages 8 to 12 form part of these financial statements.
5
Kingdon House Community Association
Year ended 30 April 2024
Balance Sheet
| Notes Fixed assets Tangible assets 8 Current assets Debtors 9 Cash and cash equivalents Creditors:Amounts falling due within one year 10 Net Current Assets TOTAL ASSETS LESS CURRENT LIABILITIES Total Net Assets CAPITAL AND RESERVES Unrestricted funds General reserves 11 Total Charity Funds |
£ 2,922 26,275 |
2024 £ 44,724 |
£ 2,605 31,813 |
2023 £ 44,970 |
|---|---|---|---|---|
| 44,724 28,437 |
44,970 33,668 |
|||
| 29,197 (760) |
34,418 (750) |
|||
| 73,161 | 78,638 | |||
| 73,161 | 78,638 | |||
| 73,161 | 78,638 | |||
| 73,161 | 78,638 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 30 April 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 2006 with respect to accounting records and the preparation of accounts.
The financial statements were approved and authorised for issue by the Board on ……………………… and signed on their behalf by:
J Houghton
Trustee
The notes on pages 8 to 12 form part of these financial statements.
6
Kingdon House Community Association
Year ended 30 April 2024
Statement of Cash Flows
| Net cash generated from/(used in) operating activities(see below) Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash flows from investing activities Net increase/ (decrease) in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March Cash flows from operating activities Surplus/(Deficit) for the year Depreciation of tangible fixed assets Investment income Working capital adjustments: (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash generated from/(used in) operating activities |
2024 £ (5,822) - 284 284 (5,538) 31,813 26,275 2024 £ (5,477) 246 (284) (5,515) (317) 10 (5,822) |
2023 £ 535 - 208 |
|---|---|---|
| 208 743 31,070 |
||
| 31,813 | ||
| 2023 £ 1,238 328 (208) |
||
| 1,358 (793) (30) |
||
| 535 |
7
Kingdon House Community Association
Year ended 30 April 2024
Notes to the Accounts
1. Accounting policies
Basis of preparation
The financial statements are prepared on a going concern basis, under the historical cost convention, as modified by certain assets measured at fair value through the income statement.
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 (FRS102) (effective 1 January 2015) – (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102 and the Companies Act 2006.
Income
Income is derived from one class of business comprising charges for use of rooms.
Interest receivable and other income
Interest receivable is recognised using the effective interest rate method. Other income consists of dividend income, which is recognised when the right to receive payment is established, and the release of the social housing association grant (SHG), which is recognised on a systematic basis over the expected life of the asset.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, and costs directly attributable to bringing the asset to its working condition for its intended use. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Fixtures, fittings and equipment 25% reducing balance
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
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Kingdon House Community Association
Year ended 30 April 2024
Notes to the Accounts (continued)
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash in hand, deposits held with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2. Company status
The company is a private company limited by guarantee and consequently does not have share capital.
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Kingdon House Community Association
Year ended 30 April 2024
Notes to the Accounts (continued)
3. Income from donations and legacies
| 3. Income from donations and legacies | ||
|---|---|---|
| Donations and fundraising 4. Income from charitable activities Community room hire Grants received 5. Income from investments Deposit account interest 6. Expenditure on charitable activities Community room hire |
2024 £ 1,025 1,025 2024 £ 30,639 1,071 31,710 2024 £ 284 2024 £ 21,463 21,463 |
2023 £ 387 |
| 387 | ||
| 2023 £ 32,010 - |
||
| 32,010 | ||
| 2023 £ 208 |
||
| 2023 £ 17.600 |
||
| 17,600 |
7. Other expenditure
| Website development Employee costs Depreciation of fixed assets General administrative costs Legal and professional costs |
2024 £ 144 13,050 246 1,611 1,982 17,033 |
2023 £ 144 11,422 328 1,123 750 |
|---|---|---|
| 13,767 |
Employee costs comprise salaries and wages. No employee received emoluments in excess of £60,000.
10
Kingdon House Community Association
Year ended 30 April 2024
Notes to the Accounts (continued)
8. Tangible fixed assets
| 8. Tangible fixed assets | ||||
|---|---|---|---|---|
| Land and building £ Cost At 1 May 2023 43,987 Additions At 30 April 2024 43,987 Accumulated depreciation At 1 May 2023 . Depreciation charge for year . At 30 April 2024 . Net Book Values At 30 April 2023 43,987 At 30 April 2024 43,987 9. Debtors Trade debtors Other debtors 10. Creditors: Amounts falling due within one year Accruals |
Fixtures and Fittings £ 2,350 |
Total £ 46,337 |
||
| 2,350 | 46,337 | |||
| 1,367 246 |
1,367 246 |
|||
| 1,613 | 1,613 | |||
| 983 | 44,970 | |||
| 737 | 44,724 | |||
| 2024 £ 2,422 500 2,922 2024 £ 760 760 |
2023 £ 2,605 |
|||
| 2,605 | ||||
| 2023 £ 750 |
||||
| 750 |
11
Kingdon House Community Association
Year ended 30 April 2024
Notes to the Accounts (continued)
11. Reserves
| At 1 May 2022 Surplus/(deficit) for year At 1 May 2023 Surplus/(deficit) for year At 30 April 2024 |
Unrestricted general reserve Total £ £ 77,400 77,400 1,238 1,238 |
|---|---|
| 78,638 78,638 (5,477) 1,238 |
|
| 73,161 78,638 |
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Kingdon House Community Association
Year ended 30 April 2024
Detailed Profit and Loss Account
| Income Donations and legacies Donations and fundraising Charitable activities Community room hire Grants received Investments Deposit account interest Total income and endowments Expenditure Charitable activities Community room hire Total expenditure on charitable activities Other expenditure Website development Salaries and wages Depreciation of fixtures, fittings and equipment Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Audit/Independent examination fees Legal and professional fees Total Expenditure Surplus/(Deficit) for the year |
2024 £ 1,025 1,025 30,639 1,071 31,710 284 284 33,019 21,463 21,463 144 13,050 246 23 50 71 130 432 905 770 1,212 17,033 (38,496) (5,477) |
2023 £ 387 |
|---|---|---|
| 387 | ||
| 32,010 - |
||
| 32,010 | ||
| 208 | ||
| 208 | ||
| 32,605 17,600 |
||
| 17,600 | ||
| 144 11,422 328 31 - 52 80 227 733 750 |
||
| 13,767 | ||
| (31,367) | ||
| 1,238 |
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