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← Feltham Community Development Association

2024-06-30-accounts

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

Registered number: 08588589 Charity number: 1155278

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION

(A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1
Trustees' Report 2 - 7
Trustees' Responsibilities Statement 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11 - 12
Notes to the Financial Statements 13 - 23

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2024

L Edwards, Trustee
Trustees D L Brooks-Hutchinson, Trustee
R Clarke, Trustee (resigned 11 October 2024)
L P D Baptiste, Trustee (appointed 11 October 2024)
Company registered
number
08588589
Charity registered
number
1155278
Registered office
Belvedere House Community Resource Centre
Lemon Grove
Feltham
Middlesex
TW13 4DH
Independent examiner
Desaur LLP
Chartered Certified Accountants
5 Margaret Road
Romford
Essex
RM2 5SH

Page 1

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2024

The Trustees present their annual report together with the financial statements of the Company for the 1 July 2023 to 30 June 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) 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 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

To further or benefit the residents of Feltham and the neighbourhood by bringing together the residents and the local authorities, voluntary groups, and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare with the objective of improving the conditions of life for the residents.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Trustees

During the year in review, we have had 4 trustees who have a history of committed active community involvement:

During the current financial year, we were also assisted by Committee members Paul Gibbons, Susie John, Allan Joseph, Shahine Korimbocus, Jermaine McLeod and Raheela Narchoor.

Achievements and performance

a. Main achievements of the Company

Adult Education

Community Keys continues to arrange a variety of adult education courses through provider Learning Curve. The courses are popular, and we have had many students returning to attend different courses throughout the year. The courses also provide opportunities for attendees to learn about and access other FCDA provisions. During the 2023/2024 financial year, the courses delivered included Child Care Level 2, Functional Skills (Maths and English), Support Work in Schools, Learning Difficulties, Mental Health, Child Care Boot Camp, and ESOL

Page 2

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

Achievements and performance (continued)

(English Speakers of Other Languages)

Centre for Human Development

The CHD is an OISC-accredited and CPD-certified organisation that supports women to help them understand their immigration status in relation to work or setting up a business and also advises victims of domestic abuse who want to leave partners but are concerned about their immigration status.

The CHD has rented space in the Centre to provide personalised skills, knowledge, and information services to BAME women whose education or employment have been disrupted by conflict / migration, long-term unemployment, and other life-changing events.

FCDA Combatting Anti-Social Behaviour

This year saw the launch of our Combatting Anti-Social Behaviour programme, funded by Hounslow’s Thriving Community Revenue Fund (to the amount of £29,347). The programme consists of three parts, all of which will run throughout 2024/2025 and beyond:

  1. FCDA ManCave - The creation and year-long support of the FCDA ManCave, a space where men can engage in a variety of healthy recreational pursuits.

  2. Football Association Coach training - The training of 18 individuals to become youth football coaches, via an accredited Football Association course including prerequisite First Aid and Safeguarding training.

  3. Skill Builders for Youth - The provision of three categories of education – (a) First Aid training and potential NHS careers, (b) Coding, Website Development, and careers in a digital world, and (c) Financial Literacy.

FCDA Centre Refurbishment

In March 2023, we received a substantial grant from Hounslow’s Thriving Community Capital Fund (in the amount of £42,841) for the refurbishment of our Centre! The funding was used (mainly during 2023/2024) to (1) repaint all the internal walls, (2) lay new flooring in three rooms, (3) buy new furniture and equipment for several rooms, (4) purchase a new cooker, (5) purchase and install new blinds on all the windows, (6) install new toilets, and (7) complete a variety of small repairs and purchases to improve the comfort and aesthetics of the Centre. A portion of the funding (approximately £9,000) remains available for small repairs and additions to the Centre as and when required.

FCDA Crochet Club

In October 2023, with the assistance of tutor Justina Budreikaite, we applied for and received a small grant of £1,000 from Hounslow’s Thriving Communities Fund. Justina held six weeks of classes – two classes each week – for two groups of local residents. The classes were a success, and we received positive feedback on both the content and the instruction. Justina herself found the activity very rewarding, and as such has gone on to secure her own funding for additional craft classes held at the Centre.

FCDA Sewing Club

The FCDA Sewing Club (funded by Hounslow’s Thriving Community Fund with a £24,714 grant awarded in December 2022) has been successful beyond anything we had hoped. Classes began in February 2023, three

Page 3

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

Achievements and performance (continued)

classes a week with an average of 5 students in each class, and ran until February 2024. The feedback received from students has been phenomenal, and the positive impact of these classes will be felt for many years to come.

There was amount of approximately £3,000 remaining at the end of the grant period; we have received permission from the TCF team to use this to fund Sewing Lessons for children during the October 2024 and February 2025 half-term holidays. There is a lot of interest in these classes from the community and we expect them to be well attended.

Feltham Arts’ Creative Thursdays

Feltham Arts rents space at the Centre for their long-running Mosaics Class, for referred local adults who support the design and creation of beautiful public artworks for the area with resident community artist Susie John. Unfortunately due to funding restraints, these classes came to an end in March 2024.

The past year also saw Feltham Arts, together with the Hounslow Wellbeing Network, run a separate sevenweek Mosaic class, also facilitated by Susie, focused on increasing social wellbeing and interaction between vulnerable residents. This was run until October 2023.

Feltham Arts also ran a child-focused group this year, the Autumn AfterSchool Creative Club during the Autumn 2023 term.

Pulse Youth Club

Pulse Youth Club continues to be run through the FCDA, in partnership with local youth organisation Rise and Thrive. Pulse has been a real success; it has exceeded expectations. Our aim is to offer even more provision for the community and to bring the community closer together.

Pulse facilitator Darren Beecroft has been able to secure more funding, and so the Centre has been able to receive a small amount of rental income from the group since May 2024.

The Reach Foundation

The Reach Children's Hub rents the Centre on Wednesdays to run a drop-in session for parents called Our House. The Hub team provides a warm, welcoming space for people experiencing multiple vulnerabilities, particularly social isolation. People cook and eat together, do crafts, there is a creche facility, and parenting courses in the afternoon. The Hub also works in collaboration with Surplus to Supper and the Hounslow Council (Thriving Communities Fund) to provide food packages for the community on Wednesdays. Unfortunately the Hub reduced the hours it uses the Centre as well as the number of rooms, and as of September 2024 only uses the Centre on an ad hoc basis.

b. Fundraising activities and income generation

Income and Expenditure

The charity generates revenue in two ways. Firstly, through the receipt of funding for various community projects. An appropriate portion of each grant is set aside (as per the application) for FCDA expenses such as venue hire, administrative duties, utilities, and staff costs. Secondly, revenue is generated by third-party hiring of rooms for community interest groups. We have a sliding scale of charges from free (if the activity has strong community value and the organising group does not have funding) to up to £25 per room per hour for

Page 4

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

Achievements and performance (continued)

organisations that are not community-driven.

FCDA expenses fall into two categories, namely (1) expenses that are related to and paid for by external funding (mainly grants), and (2) expenses incurred in the running of the organisation itself and the Centre.

Financial review

a. Financial Position

FCDA's financial position at the end of this period is shown in the financial statements following. Income and expenditure increased in the period due the activities carried out in the year. The trustees are pleased to report the financial position of FCDA as stable despite the various challenges in the year.

b. Going Concern

It is the intention of the trustees to keep the charity viable until we can resume working for the local community. We will also be looking to apply for grants from both Council and other institutions. The current trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

c. Reserves Policy

The Trustees have examined the charity's requirements for reserves needed to meet the working capital requirements of the charity and they are confident that FCDA is able to continue the current charitable activities.

Structure, governance and management

a. Constitution

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 14 November 2013 and is a registered charity number 1155278.

Page 5

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

Based on the Board of Trustees’ skills audit, trustee recruitment is undertaken to seek candidates with the skills sets identified. FCDA operates an open recruitment process using appropriate recruitment sites, local and socialmedia. Prospective candidates are asked to provide a CV and demonstrate the skills they would bring to the board and why they wish to engage with the charity. An opportunity to visit the operational site and or, attend a Trust Board meeting as an observer is made. Respondents are then asked to complete a Trustee application form and attend for interview and are appointed by a majority vote by existing Trustees. Following completion of the declaration of interest form and agreeing to a DBS, Trustees are then appointed and registered as Directors of the Company.

FCDA also co-opts members to the Trust Board, a direct invitation is made by the Trustees if a candidate is know to have a required skill set. Co-opted members are asked to follow the same appointment process as Trustees. Co-opted members have full board voting rights but are not required to become Director’s of the Company.

None of the members of the Trustees has any beneficial interest in the company. All of the members of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

c. Financial risk management

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 6

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

Plans for future periods

Going forward

Once again, the FCDA is looking to the new year with ambitious plans and goals!

Current External Groups (using the Centre, not run by FCDA)

We are happy to confirm that most of the groups that used the Centre on an ongoing basis during the 2023/2024 financial year will continue to do so in the 2024/2025 financial year (albeit some of them on a more ad hoc basis). This includes:

Please visit https://fcda.org.uk/activities/ for more information on any of these worthwhile community activities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ (ZA4BAE4A14F by: 76462... L Edwards (Trustee) Date: 26 March 2025

Page 7

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2024

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 26 March 2025 and signed on its behalf by:

................................................ (ZA4BAE4A14F by: 76462... L Edwards (Trustee)

Page 8

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2024

Independent Examiner's Report to the Trustees of Feltham Community Development Association ('the Company')

We report to the charity Trustees on our examination of the accounts of the Company for the year ended 30 June 2024.

Responsibilities and Basis of Report

As the Trustees of the Company (and 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 ourselves 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, we report in respect of our examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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)].

We 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.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the Company's Trustees those matters we are required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for our work or for this report.

Signed: Dated: 26 March 2025 703C770F1CE94FF... Jaswinder S Vasir MAAT, FCCA

Desaur LLP

Chartered Certified Accountants 5 Margaret Road Romford Essex RM2 5SH

Page 9

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2024

Note
Income from:
Donations and legacies
3
Investments
4
Other income
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net (expenditure)/income
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
3,348
47
8,382
11,777
22,095
22,095
(10,318)
8,607
(1,711)
2,773
(1,711)
1,062		 Restricted
funds
2024
£
53,914
-
-
53,914
40,370
40,370
13,544
(8,607)
4,937
33,483
4,937
38,420		 Total
funds
2024
£
57,262
47
8,382
65,691
62,465
62,465
3,226
-
3,226
36,256
3,226
39,482		 Total
funds
2023
£
55,246
36
371
55,653
52,943
52,943
2,710
-
2,710
33,546
2,710
36,256

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 13 to 23 form part of these financial statements.

Page 10

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee) REGISTERED NUMBER: 08588589

BALANCE SHEET AS AT 30 JUNE 2024

Note
Tangible assets
10
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
12
Unrestricted funds
12
Total funds		 90
33,985
34,075
(1,754)		 2024
£
7,161
7,161
32,321
39,482
39,482
39,482
38,420
1,062
39,482		 -
37,877
37,877
(2,147)		 2023
£
526
526
35,730
36,256
36,256
36,256
33,483
2,773
36,256

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 26 March 2025 and signed on their behalf by:

Page 11

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION

(A Company Limited by Guarantee) REGISTERED NUMBER: 08588589

BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2024

................................................ L Edwards

(Trustee)

The notes on pages 13 to 23 form part of these financial statements.

Page 12

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

1. General information

Feltham Community Development Association is a private company limited by guarantee incorporated in England and Wales. The registered office is Belvedere House Community Resource Centre, Lemon Grove, Feltham, Middlesex, TW13 4DH.

The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Feltham Community Development Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The trustees have considered the current economic uncertainty and price volatility caused by economic conditions. Despite this, the charity continues to carry out its functions and plans on continuing business as normal.

On this basis, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Other income is recognised in the period in which it is receivable.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity

Page 13

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

2. Accounting policies (continued)

2.4 Expenditure (continued)

and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings - 20%

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

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Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

2. Accounting policies (continued)

2.9 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Grants
Grants		 Unrestricted
funds
2024
£
3,348
Unrestricted
funds
2023
£
17,719		 Restricted
funds
2024
£
53,914
Restricted
funds
2023
£
37,527		 Total
funds
2024
£
57,262
Total
funds
2023
£
55,246

4. Investment income

Unrestricted Total
funds funds
2024 2024
£ £
Interest receivable 47 47

Page 15

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

4. Investment income (continued)

Unrestricted Total
funds funds
2023 2023
£ £
Interest receivable 36 36

5. Analysis of expenditure on charitable activities

Summary by fund type

Courses and projects
Courses and projects		 Unrestricted
funds
2024
£
22,095
Unrestricted
funds
2023
£
25,688		 Restricted
funds
2024
£
40,370
Restricted
funds
2023
£
27,255		 Total
2024
£
62,465
Total
2023
£
52,943

Summary by expenditure type

Staff costs Depreciation Other costs Total
2024 2024 2024 2024
£ £ £ £
Community and youth projects 12,666 1,823 47,976 62,465

Page 16

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

5. Analysis of expenditure on charitable activities (continued)

Summary by expenditure type (continued)

Staff costs Depreciation Other costs Total
2023 2023 2023 2023
£ £ £ £
Community and youth projects 9,587 132 43,224 52,943

6. Analysis of expenditure by activities

Community and youth projects
Community and youth projects
Analysis of direct costs
Charitable activities		 Activities
undertaken
directly
2024
£
26,320
Activities
undertaken
directly
2023
£
19,282		 Support
costs
2024
£
36,145
Support
costs
2023
£
33,661
Charitable
events
2024
£
26,320		 Total
funds
2024
£
62,465
Total
funds
2023
£
52,943
Total
funds
2024
£
26,320

Page 17

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

6. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Charitable activities
Analysis of support costs
Staff costs
Depreciation
Administration costs
Governance costs
Staff costs
Depreciation
Administration costs
Governance costs		 Charitable
events
2023
£
19,282
Charitable
events
2024
£
12,666
1,823
20,576
1,080
36,145
Charitable
events
2023
£
9,587
132
22,862
1,080
33,661		 Total
funds
2023
£
19,282
Total
funds
2024
£
12,666
1,823
20,576
1,080
36,145
Total
funds
2023
£
9,587
132
22,862
1,080
33,661

Page 18

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

7. Independent examiner's remuneration

2024 2023
£ £
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts 1,080 1,080

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
12,296
86
284
12,666		 2023
£
9,280
34
273
9,587

The average number of persons employed by the Company during the year was as follows:

2024 2023
No. No.
Support 2 1

No employee received remuneration amounting to more than £60,000 in either year.

Page 19

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 30 June 2024, expenses of £7,730 were reimbursed to companies connected to the trustees (2023 - £ Nil).

10. Tangible fixed assets

Cost or valuation
At 1 July 2023
Additions
At 30 June 2024
Depreciation
At 1 July 2023
Charge for the year
At 30 June 2024
Net book value
At 30 June 2024
At 30 June 2023
11.
Creditors: Amounts falling due within one year		 Fixtures and
fittings
£
658
8,458
9,116
132
1,823
1,955
7,161
526
Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income		 2024
£
-
(27)
178
1,603
1,754		 2023
£
34
64
789
1,260
2,147

Page 20

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

12. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 Transfers 30 June
July 2023 Income Expenditure in/out 2024
£ £ £ £ £
Unrestricted funds
General Funds - all funds 2,773 11,777 (22,095) 8,607 1,062
Restricted funds
LB Hounslow 33,483 53,914 (40,370) (8,607) 38,420
Total of funds 36,256 65,691 (62,465) - 39,482
Statement of funds - prior year
Balance at
Balance at 30 June
1 July 2022 Income Expenditure 2023
£ £ £ £
Unrestricted funds
General Funds - all funds 10,335 18,126 (25,688) 2,773
Restricted funds
LB Hounslow 23,211 37,527 (27,255) 33,483
Total of funds 33,546 55,653 (52,943) 36,256

Page 21

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

13. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
July 2023
£
2,773
33,483
36,256		 Income
£
11,777
53,914
65,691		 Expenditure
£
(22,095)
(40,370)
(62,465)		 Transfers
in/out
£
8,607
(8,607)
-		 Balance at
30 June
2024
£
1,062
38,420
39,482

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1 July 2022
£
10,335
23,211
33,546		 Income
£
18,126
37,527
55,653		 Expenditure
£
(25,688)
(27,255)
(52,943)		 Balance at
30 June
2023
£
2,773
33,483
36,256

14. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Tangible fixed assets
7,161
Current assets
(4,345)
Creditors due within one year
(1,754)
Total
1,062		 Restricted
funds
2024
£
-
38,420
-
38,420		 Total
funds
2024
£
7,161
34,075
(1,754)
39,482

Page 22

Docusign Envelope ID: 2E9DB419-A113-4702-8684-6499CD1E08AF

FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

14. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
526
4,394
(2,147)
2,773		 Restricted
funds
2023
£
-
33,483
-
33,483		 Total
funds
2023
£
526
37,877
(2,147)
36,256

15. Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £284 (2023 - £273). At the balance sheet date there was £27 (2023: £64 due to) due from the fund.

16. Related party transactions

The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 30 June 2024.

Page 23