Charlty r8glstratlon number 1156379 (England and Wal•8) BARNES COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 • xeinadin
BARNES COMMUNITY ASSOCIATION LEGAL ANDADMINISTRATIVE INFORMATION TruBtees J Jacobson Mr J l McNellly Mr M J Purser R Z8chary-Young&r Mr S Mindel L Mclnnes C J Spurgeon M Perkins Dr S Urquharl (Appointed 4 April 20241 (Appoinled 30 Seplember 20241 Charlty numb&r (England And Wal88) 1156379 Roglstgrgd office Rose House 70 Barnes High Street Bames London UnllÈd Klngdorn SW13 9LD Independènt examlner Hazel Day Xelnadin Nightingale House 46-48 East Street Epsom Surrey KT17 1HQ
BARNES COMMUNITY ASSOCIATION CONTENTS P#gè Trustees, report Independent examinerfs report Slalemenl of financi81 activities 10 Balanco shetrl 11 Nolos lo tho flnandal 81atemgnl8 12-22
BARNES COMMUNITY ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Exg¢utlYe Summary The Trustees of the Barnes Community A5SOCtalion IBCAI present Ihelr annuBI report and financial stBtements for th8 year ended Dec8mber 2024. Thls report pn)vld&s an ov8rvl8w ol our 8Ctlv11198, ach18V8m8nis, and financial perform8n¢e over thè past y88r. The financi81 slalemenls have been prepared in accordan wlh the accounting policies sel ovl In note 1 to the rinancial slalem8ntg and comply with Ihe oharitls goveming docum&nt, th8 Chari1188 Acl 2011, FRS 102 The Financial Reporting Sl8ndard ¥pplicablg in the LIK and Rgpublic of Iieland" and the Charities SORP "Accounting and Reporting by Charilies.. SlalemeTrl of Recommended Practice appllcable to chari1188 preparing their accounts in accordance wllh Ihe Financlal Reporting Slandard applicable in the UK and Republlc of Ireland (FRS 102y'. ObJoctlv•8 and actlvltlos 0r curr8nl purpos8 Is to 8dvanc8 8duc8lion and lo provid& faeAlitt8s for récréatlon and 18isur8-tim8 80livilies with the oblecl ol Improving the condition of Ilfe in Ihe n8lghbouphood. To promola the preservallon, davelopmenl and Improvement of Ihe character and am8nilies of the neighbourhood. Publlc bgn8111 The Trustees ate aware ol the guidance of the Charily Governance Code and keep ils application under regular review. Tha Trusteès 8nsurè the ch8rftabla operations comply with thls code wher8 appropriate. Followlng the 2023 AGM, our charitable Oblects were reviseii and PTe8enled, Ihe new Oblecls were Ihen voted on by members. and we can confirm Ihal Ihey have been adopted las agreed by the Charily Commlssion in April 20251. The BCA Con8lltutlon To promote benefit lor the residents of Barnes and Mortlake w¢lhout distinction of sex, race, political. rellglous. or olher oplnlong, by losterfng a sanse of commLtnlly and cItenShIp in bringing logelh8r the resld8nl$, the lo¢al authority, and voluntary oroup8 In a common effort lo.. 11) The advancement of civic and communily development, focusing on the comrnunily as a whole, ralher than the Individual. 121 The promolion of urban and rural re9eneralion, prisuring ¢har8Cter 8nd amonilios for Ihe publ1¢ b¢nefll are upheld and prolecled. 131 The promollon of communlly capadly bullding Involves stfftnglhening th8 abllilles. skills. and resource5 of our Community, to address challenges for the bengfjl of resldents of Barn8s and Mortlake.
BARNES COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Key Actlvltlgs and A¢hl&vgmont$- Jgnuary 2024 to December 2024 Clvi¢ and Communlty dgvelopmenl Flagship 8v&nts suth Os th8 Barnos Folr and lh8 Bames Food Falr arg wdely regard8d 88 iwo of the Slandoul dates in th8 South W8sI London ealÉnd8r. Alongsld8 IhÉsè, the BCA 8180 hosts a range ol smaller, Ihoughlfully ¢ur8led gv8n18 Ihrouuhoul the year. Each 18 deglgned not only lo slr8nglhen our connection wlh the community, bul lo help bring resldenls logelher, across all age8, backgrounds. and neighbourhoods including Bames. Mortlake. and Barnes Common. These evenls play a vilal role in raising funds, nol only IOT the BCA bul for th8 wider community a8 well. 8y providlng a platform for smaller charities to reach a broader audience, our public-facing events help lo exlend th8lT impact. Alongside organising a full and varied programme of community events, the BCA also supports third-party Organisations and charities by helping lo promote and facAlitale Ihelr own Inlllallves. The B*rn•8 Fair Thls event remains Ihe largest comrnunily, fundraising evenl in the borough of Richmond. Tre 2024 event. sponsored by Allic Conversions Ltd and supported by other local businesses welcomed over 10,000 visitors and 300 exhibilors, including over 30 local community groups 8nd eharities. 88rnos choirs. b8nd8 and Ioc81 pprform8nce groups look to the 8t8ges and the BCA Book81811 w88 run In eonjunction wlh Barne8 Dislricl Girl Guiding. The Barnes Food Falr- Since ils inception in 2011, Ihis foodie evenl has gone from 81renglh lo Ideliciousl slrenglh. 11 continues lo be sponsored by local eslale agent Savills and in 2024 supported Ihe Barnes Foodbank as our designated Charity. The Bvent was oversubscribed and saw a new stage in Ihe marquee wlh demos put on by loc81 groups and exhlbilors. Jumblè Solè - Thls 8venl madÉ 8 su¢¢e$slul Iranslllon lo Ca$leln8u Ctsmmunily Centre in 2024 whère 11 allr8cled a large audlénce of bargaln htJnler8. Chr5stmas F8stlval - New Christmas lights across the shopping parades of Bames Ihrough the fesllve season and Christmas Rose House, Bnd shopplng events on our High Streets. Turkèy Run & Chrl$lmJ$ Day lun¢h. This InCe$ln9lY popul8r ovgnl $91 off on 1 December 8UPPOrted by local buslnessgs end nearly 200 lurkgys and mlni-lurkoys taking part. Proceeds from the Run continue BCA'S support for FISH Nèighbourhood Care, wlh tha organisalion of a IraLfilional Christmas Day lunch for people who would othe[s9 miss out. This years event took place al The Coach & Horses pub. Whlte Hart Lanè charlty evfrnlng Thls longstanding event saw local buslnesses slay open late and raised money for local ch8rS11è8 Cocoon- Care After Cara 8nd ADHD Embr8C8. Chrlstmas at Rosè Hou8é- A vlsil wllh Sanla and local cholrs sung ¢8rol8 Ihroughoul the vlllage. BCA also organised Christmas stalls and a mini funfair on Barnes Green. The event supported Share & Care Collective. Chrlstmas Mark8t- BCA joined forc8s wlh Barnes Colleo18blas m8rk81 to creat8 a ngw f8sliv8 8v8nt al Holy Trinity Church. 8arne8 wlh 8lalls, 18freshrnents ond carol 81n9ing from Lowthgr Primary School BCAIOSO Outdoor Stage - The BCA and th8 OSO collaboraled on Ihls music evenl on Barnes Green which brought hundreds of people together lo enjoy tsvo events across the day- songs from the musicals in Ihe aftemoon and an Elton John lrtbule band In Ihe evening. 1,500 tickets We sold. Although now esl8bllshed, BGA outdoor event& ¢ame from Ihe ortglnal B8mes Pond&r of 2013 wh&n resld&nls asked lo use of Bam&$ Gre&n for ovening ovenls. Thls project has $Ited In perfomianc&s on 8amgs Green since 2014 and resid&nl$ have &nioyed cinema, Ih&81re, ballet, childi8n's perfomiances and more rocenlly live muwG events. 2024 s8w lh8 largest authences at the Outdoor Sl8ge event in a decade wilh our partners OSO.
BARNES COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 BCA'S Charltable ExpendSturD The BCA was ddlghlgd lo support thè lollowing oV8nls orgonisaliong with sponsorship or charilaLlg donations 2024.. Barnes Music Festival. Children's Literature Festival OSOArts Cenlre-youlh Thealre Annabelle's Ch811ong6 Barnes Community Gardeners Barnes Food Bank Bames Runners Bames Dlslrlct Glrl Guldlng ADHD Embr8CO Cocoon- C8re After Care Share and Care Collective Oth8rs Aprll 2024 saw tha BCA'S 50th year 8ervlng the communlty, and In re¢ognltlon of Ihl8 annlversaryp soveral now Inltlatlvos also took plac•. 50th Annlver¥ary ¢elebr8tlon$ 50th Blrthday Qulz- BCA held Ils first quiz nlghl In April with quasllons taken ffom IhTovgh Ihe deoades. 50 Faces of Barn8S BCA celebrated 50 local unsung h8roe8 who have volunteered Iholr lime and Ènargy to mako a lasting impact on the local community. The awardees were invited lo a 8peci81 certsmony 81 Barnes Food Falr whore Ihgy re1ve Ihelr awards. BCA flags BCA arr&ng8d for MmeMOratiVe flags lo be flown above buslnesses along games High Street. Mèrchandlsg- BCA prodUd a new range of SO brdnded merchandlse Ihl$ year 8nd th18 IncIled the first Barnes local colourlng book (woduced wth Colour In Booksl ProspectlProspe¢t Plus Pr08paet wag rèlaunched in 2022 as a quarterty publication, and il is distributed lo all hou8tsholds and shop8 in SW13. 2024 Saw an Increase In advortislng fiom l¢)cal buslnesses and In editorial from local groups and charities. Prospect Plus, our online publicalion. is sent oul ¢a¢h monlh to BCA members and interested parties. CiKulalion ol Prosp8ci 7,000 and Prospect Plus 2,541, respecllvely.
BARNES COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Communlty Capaclty Bulldlng Pondor Project The Pond$r 2 {held In October 2023) results were reported back to the cornrnunily in January 2024 and residents volunteered lo drive forward the initiatives identified through the process to head up slx leams- One Barne5. High Streets Barnes. Placemaking Baines, Safer Barn89, Graèn Barnes and Trav81 B8rn8s. The Barne8 Town Team mel 8gain on 30 April, 19 June and on 20 November and the six Ponder 2 project leam18aders (all community resi(Jenls} over the six teams. Each Group ha5 8 BCA or 8arnos Common or Resldgnl Sponsor loo and all sil arwj work collecllvely on tha BCA Environment Cornmillee. Pond6r 2 ProJg¢t Athlovemenls.. Complelion ol the High stet improvements wilh Ihe delivery of the se2llng and gre&nlng elements. Campaign to improv8 safèly at Mill Hill wh8n crosslng lo Bamas Sl8llon sewred over 1000 slgnalureg. W8 are cutt8ntly discug8lno 8 way forward wth thè coun1. Successful campaign lo gel a pede81rian rAossing on Slallon Road near Essex Housè. The crossing will b& delivered once funding 15 identified. Agreement and Ivnding for first Barnes raingarden allunctlon ofThe TerIa 8nd Bomgs Hlgh Street. Oth$r Kay Communlty Proje¢ts bèlng d$v$lop¥d In 2024 Mèn's Shed ProJe¢t On ihe 12th June 2024 the Men's Shed Committee bid for IhBATC Building, Queens Walk, Barnes, bul were un8uccesslul in Ihe bid. loslng the premises lo Thè 88rn88 Ft)otb811 Club. Thè commltt88 In 2024 conlinued lo look for the cottect premlses and location. Connect More Connect More is a program that alms lo expand dlgllal aeLess and ski51s for local. vulnerable. and low-income groups through collaborallon belween Barnes Communily Association, Mortlake CommunSly Assoclalion, and Caslelnau Community Cenler. By pooling resources across the slles, the progr8m increases community reach and slrenglhens paTinerships wlh local chaTÉlies lo maximise impact and effiaency. In ils Ihird yeBr, Connect More delivered 5 courses total lo 62 hours to 44 individuBls, toiBlling 188 attendances. CouTS& ¢onlenl Is règularly updaleil based on participant feedback, wilh the Spring 2024 Course achieving record registration and allendance. confirming strong community demand. Participants lell more cA)nfidenl LlSing their mobile phones. especially for 18oching out lo friends and famlly. Some even leamad how lo uso them for digSlBI payments after Ihè course. The 8rnall group. hands-on foimal fosters soThal conngclions, with many allendee8 forming npw friendships and supportin9 each olher beyond the 8ession8. Operational elficiencies. indLtding volunteer support and partieApants' donations. enabled the program to exceed its initial delivery target. completiThJ 72 sessions by fvfarch 2024.
BARNES COMMUNITY ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Urban and Rural Reg•n•ratlon The Vlew at Barnos Brldgo: This 18 the larg&sl prol8¢t of the Ponder l&ams which will see the creatlon of a groen walkway over th¢ orfglnal grad&111181ed Barnèg Bridge wilh slep-free eccess on both sldes of the rivar. This PToject 18 being delwered In partnership wlh N8lwork Rall, Rlchmond Council and Hounslow Councll. The team of volunteers have been successful securlnu funding from grant providers which has enabled them lo fund Ihg prole¢t Ihus far. Heads ofT6rms discussions funded by our grant started behv8èn Nèhvork Rail and Ri¢hmond Councll. Consultanls instructed by the team started preparing do¢umgnts for planning. Gre0n Kooplng and Malntengnc8 Pond and Water Management Improvaments Conlacl made with conlr8clor providing diving services vtho has been esked by <x)uncil lo condu¢l urvey ol island erosion- discussed general informollon on prole¢t. Short lerm rBpair8 wnductgd by 8mall works team- edging limb6r replBced, lenclng r8p8lr on E881 sldo, holgs in hard standing filled and hard areas weeded. Installalion of a bird ramp on south side, volunteer$ started deariw an area on north ol island for birds to resvpreen etc, we also plgnled 15 n&w trees in 8 ihieket plus dimbei on the dead rEnlral tree slump. Ongtslng V8ndali5m Repalrs and Slte Securlty Enhancèmonts Replac8d v8ndalis8d fenclng 8nd tree guards, multiple limes across the Gieen and Crescenl. Installed a toughèr, mor8 Secure lock on the Gfeen Tool Shed follomng a break-ln allempl. Wlldflowor and Blodlverstty Boosts Planted hundreds of daffodils and frilillaries in a iesown meodow p8lch. and created 8 new ldflower Strip in the soulhwesl corner of the pond wilh volunteer suppori Innovatlvo and Sustslnabl? FenclnB Solutlons Harvested. conslrucled. and iepaired willow fenclng throughout Ihe sil&, Including new prolecfion for bulbs and slru¢lural repalrs lo long-lerm wlliiw fenrAn9. Volunteer Engagement and Communlty Sesslon8 Organised mulllple successful volunteer ses$lons Includlng Duke of Edinburgh Sludenl involvement. helping vAlh p18nllng, hedg8 creallon. and forrnal bed maintenance. Improved Access and Safety Ahead of Publlc Ev&nts Complaled F81t preparalltsns Induding trimming, clear(ng, and lifting br8nches lor vlslbllily ond access and The Crescent hedge maintenance alongside Continental Landscapes. Ongolng Invaslvo Spo¢108 ond Wood Management Syslemalic removal of hemp agrtmony. snowberry. dock, nelllas. and bramblès, partlwlarty near hlgh- traffic areas like Ihe Brook and pond mar9lns. Pond Island ond Wlldllfg Hab5tat Malnt•nance conduct seasonal work on the pond Island Includlng fallen branch refflpyal, duck 8heller Ihalching, and log plle creallon for habllal supporl. Support for Third.PaTty and Communlty Projects Provided input and 28SiSt8nc8 io Pr08PéCt on ldflOwerIte pits with Barnes Common Ltd. Responded lo community enquirios and 8UPPOrted local events wilh sile maintenanc*. Infrastructure Upkeèp and G8n8ral Grounds Managwn&nt MaSnl8ineO logls, fixEd Ihe wheelbarrow, and replaced broken equlpmenl. coordinating ongoing repairs lo water fountain damaged by frost and cleared exlensive leaf buildaup across meadows and palhs.
BARNES COMMUNITY ASSOCIATION TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Stafflng In February 2024 th& reciuilmenl of an Operauons Dlrector. look place. how8ver followlng Ihe 6-monlh Probationary Period, July 2024. Ihe contract was not exl¢ndod. Staff Roles ond Respon8lbllllles ChBrlott& Sharpe-Neal, Hoad ol Event& Emma Roblnson, Town Centre Manager. Russell Greaves, Green Keeper. Tonde Marton, OffirA Administralgr. Nalalle Soldgr8, Evgnls and Communicalior) Manager liolned 11.03 2024) In Seplgmber 2024, Board discussions were held re9arding the r¢oruilm8nl ol a naw adminlstralor lo focus on Membership and Fund Applications, and we are ¢urrenlly in the prgc98s of recruilmenl, adver118ing through platforms like Llnkedln and Chartly Jobs. Rlsk Manau•m•nt The Trustees Board asses5 the risks to which the charity is exposed vla It8 Rlsk Reglsler, e818blished in September 2024. This is revlewed and updated 8ceordingly 81 IAonthly Gc*v8rnancè Meelings and escalated lo quarterty board level as gppropriale. Thg Charity has a180 adopted an exlensive range ol governance policles Includlng sa18guard1J, Cod88 of Condu¢l, and Health and Safety. Data and Prlvacy pollcSes may be vlewe(l on Ihe BCA'8 web8118. Truste8 M8atlng8 and Opar8tlen8 In July 2024, the ThJ8le88 mved from monthly meeting lo quarteily, thls wa9 In part due lo the $u¢ctrss ol the operational worklng Committees. Each Commillee has a Trusteè Sponsor and 8 BCA Staff Lead (apart from Governance which is led by BCAVolunteer Winn6 Pun}. The Committèèg tske on thè operational decisions allowing the Board lo meel quarterfy and lo focus on Fund Applic3lion8 and Slralegy. The CommittetrB Marketlngy Volunte8r8 ond M6mber8hlp Commltt•o. Sponsor Jo Jacobson, Lead Natalle Soldera. The commltlèè fo¢uses on drfving m8theling and communication outreach, using soaal medla. printed m8ler481s, and largeled carnpaigns lo engage the wlder communlly. 11 Is also respon8lblB for Ihe reciuilm8nl. coordination, and support of our volunteers, as well Bs Ihe n7anaggmenl and growth of our membership base. Evgnl$ Commltteg- SponBor Cprollne Spulgeon. Lead Charlotte Sharpe.NBal. The cornmillee focuses on delivering a wide range of community events Ond fgsllvalg. from the B8rngS Summer Fair and Food Fair lo Christmas 2nd Easter e616bralions. It also supports charil8ble iniliglive8, such as The Turkey Run and th¢ FISH Chrislfflas Lunch, a8 well as civic pride projects like 50 Faces of Barn&s. Gov•rnan¢e Commltte9- Sponsor John McNelllyp Lead Wlnnl& Pun The commillee focuses on reviewing the Terms ol Reference and all operallonal pro¢e$sg8, as well a8 refinlng the chartty's governance structur8 gnsLtrlng compll8rt¢a wllh regulatory requ1ments and bo81 practices. It also ensures 011 Irameworks of opèration arè scrtJllnlsÉd through tha Risk Register, Code of Conduct ond en8uro both glow and 8uccession 81ralegi88 are in pla¢x lor lulure 8uccess. Envlronment Commlttee. Spon80r Raphael Zachary-younger. Lead Emma Roblnson. The committee focuses on all aspects ol our communily enviroTrmenl. Including Ilaislllg I1h key stakeholders and wuncil bodles, wllh the alm of $upporilny the gffo¢tive management of our green spaces, trav81 Inlraglruclure, and the vlbrancy of our hlgh slreel. Focusing on supporting communlly capacity- buSldlng by f8¢illl8llng gia$$rool$ Ihinking from our members and the wider communlly through The BCA Ponder Projectg.
BARNES COMMUNITY ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achl•vement8 and perfomiance Signifjc8nt Bclivllks and &chl&vem8nl$ 8g8instobJ&ctiws FSnanclal rgvlew Fundralslng and Flnanclal Pèrlomianc Flnancl81 Health.. Th8 ¢harlty's finances remalned heallhy, with a focus on organised fundraislng to support fulure projects and staffing cosis. BCAls also commiltsd lo Increasing revenues wilh 8 locus on Incr68slng mèmb8rship8. Flnanclal Hlohllghts Total Income: The BCA generated a lolal Income of £251,925. which includes moMbeh1Ps Indudlng gift ald, donalions. ren181 Income, event venueS and other fundralslng activitie8, Prospect a¢Jvertisirig and interest incomg. Evènt R•v•nueJ.. BCA 8nd collaborative entS revenue for 2024 was £147.828. with a net contrlbution (before employeo ¢osls and designated charitable giving) of £57.337 lo the BCA'S lund$. Sponsorshlp: 8CA Baines Evgn18 allracte<l £16,460 in sponsorships from l¢)cg1 businesses, including significant conlfibulions liom Allic Conver8alion8, Savills, AlkIr Ferrie Wealth Managernent, Chisck Honda, Chesterton. Apparent Properties and other8. Charltable Expendlture.. The BCA'S ¢harllable giving was £11,848. Op•rallon•l Coyts.. Effort8 were mad8 to control operational costs. induding a 4% cost of livlNJ Incment for stall and careful management of 8venl-relaled expenses. We would like lo extend our gralilud8 10 811 th088 that ndlY donat8(f. Wlth thanks The Trustees would like lo extend Ihelr sinre gralilude lo all staff. volunlegT8, coMrnunily leadgr8, stakeholders 8nd supporters for Ihelr dedlcallon and hard work throughout the year. The BCA look forward lo another Suss[U1 year of servlng the Bames community. R8s8rvespolicy The Board voled in 2025 to change the BCA policy of holding fre8 r&s8rv88 r8tr08Ctiv8 lo 31 D&c8mber 2024. The newly adopted pollcy Ss lo hold ffee reservfys oquivalgnl lo three month8 10181 expenditure, ralhèr than the prevlous slx monlhs pollcy. 11 was agreed ihal as a charity. the Board were in favour of using availabl8 cvrrenl funds to adv8nca the BCAch8ritable causes. Free reserves sland al £64,633 on 31 December 2024. whlch leaves an excess of £2,891 ba88d on the n8w three month's expendllure poll¢y. BCA Strategy Looking ahead, the Trustees are commilled lo continuing their work on key prolocls 8nd InSllallv88 and in Sepl8mb8r 2024 pul In pla¢e a th9 year Slialegy lor 2025 to 2028. Thls wll align closely with th8 naw conslilullonal oblect8. structure• governance and management Thè BCA is govèmed by a Board of Tru$lee6 who are responsiblè for the strategic ditection and oveTsighl of the charity. The Tw8lees meet regularfy to revlew the charity's activ¢lies, financial performonce. and compliance with regulatory requirements. and the Iruslees have followed the charity commission guidanca on public benèfit in definlng th9 acllvllles for Ihg ygar.
BARNES COMMUNITY ASSOCIATION TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 The Trnsleas who servèd during tha yèar and up lo the do16 ol slgn81uro of thg fln8n¢181 statoments w6rg'. J Jacobson Mr J l M¢Nellly Mr M J Purs&r R Za¢hary-Youngor Mr S Mindel Ms N Urquhart Mr PThomè$ L Melnn8S C J Spurg8on M Perkin5 Dr S Urquh8rt {Reslgned 7 M8rch 20241 IRèslgn8d 7 M8rch 20241 IAppoinl&d 4 April 20241 (Appointed 30 S8Pt8mbaT 20241 Recwilnient8nd appoinlm8nl ofiwslees New Irusl8as ar8 Interview8d 8nd appoinl8d lo slrengthan th8 Board 8 expertlse. Once appolnled 88ch Irust88 18 given support and a copy of our Iruslee handbook and slgn up to our code of oonduct. ln Ihls peTlod endlng December 2024. wè iv81comei5 lo the board Matsha Pdthins 8$ Honorary Treasurer In April 2024 and Dr Sandy Urquhart In September 2024 and appolnled Lynn Mclnnes lo Honorary Secretary In Aprfl 2024. The Trvsl8es' report was approved by Ihg Board of Trust8e8. Mr J l McNailly Trustèè
BARNES COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARNES COMMUNITY ASSOCIATION I report to the Truslegs on my examlnallon of the financial statemenls of Bames COmThnitY As$ociallon (Ihg charilyl for the ygar endod 31 December 2024. R8sponslblllllas and basls of report As Ihe Trusle6s ol the charity you are responslble for the preparallon ol Ihe financial slelemenls In a¢¢ordance wth th8 requir8m8nts of the ChariliesAct 2011. I repori In Tespect of my examination of Ihe char?tls financial slalements carried out und¢r section 145 of the Charilies Act 2011. In carrying out my exarninalion I have followed Ihe Directron8 given by the Charity Commission undor se¢liDn 14515llb} of Ihe Chgrilles Act 2011. Independent examlnor's statoment Slnce the ¢h¥rily'$ gro¥s Incomè èxceedèd £250.000. the Independent examiner must be a member ora body lisled in section 145 01 the Charities Act 2011.1 confirm that l am qualified lo undertake the examSnallon because l am m8mber of th& Inslitule of CharteredAccounlants in England and Wale8, which is onts of Iho Ilsled b(xlleg. Yovr allenllon is drawn lo the fact that th8 charity has prepad Ihe ftnandal slalemenls in accordance wlh the relevant version of the Slalemenl of Recomrnended Pradice applicable lo ¢h8rilles preparing Iheir financial statements In accordance with Ihe Financial Reporting Standard applicable in the UK 8nd Rèpubllc of Iceland {FRS 102) preftsrence lo the Alni1'ng and Reporiing by Charities= Slalemenl ol Recommènded Pra¢tica18su8d on 1 Apwil 2005 whSch 1$ refeired lo In the extant regulBlions but has now been withdrawn. l understand that thi8 ha8 been done in order for the fin8n¢lal Stalémènts to provid8 a tnJ6 and foir vt8w In accordance wilh UK Generally Accepted Accounting Practice. I have ¢omplel8d my minAtion. I confirm Ihal no matters have come lo my allenlion in connection wlh the èxaminallon giving me cause lo believe that in any malerfal respect.. accounting records werg not kept In respect of Ihe charSly as r8quired by section 130 of the Charities Act 2011. thè finanelal st81èments do not accord with Ihose records,. or the finan¢lal slalements do not comply wth the applicable requirements concgming the form and conlenl of financlal slalemonl$ Sel out In the ChBrili8s (Accounts and Reports) Reoulalions 2008 other than any requifemenl that Ihe financl818lalem8nls glv8 a Inj8 and fair view, which is not a matter considered as part of an independent examinalion. I have no conc8rn8 8nd hav8 com8 across no olher mallers in connection wllh the examination to which alltsnllon 8ho%Jld b8 drawn in this r6POrt In ord8r lo enablo a proper underslandlng of the finandal slalements lo be reached. Haièl Day BSC {Honsl FCADChA Xeln8dln Nl9hllngale House 4648 East Slreel Ep8om Surrèy KT17 1HQ
BARNES COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrèslrlctad Rèstrlcted fund$ funds 2024 2024 Total Unro$trlct•d Ro$trl¢ted fund8 funds 2023 2023 Total 2024 2023 Nolos In¢om• from: DonatSons and legacies Charilable acllvllles Other liading activities Investments 50,065 46.719 150,460 3.547 1,134 51,199 46,719 150,460 3.547 38,923 45,919 137,398 3,075 10,778 49,701 45,919 137,398 3,075 Tol81 Income 250,791 1,134 251,925 225,315 10,778 236,093 Expgndlture on., RaSsin9 funds Chaiiiable acuvities 86.585 152,535 960 6.885 87,545 159,420 65,193 138.598 190 5,425 65.383 144.021 Total oxpondlturè 239,120 7,845 248,965 203,789 5,615 209,404 N&t Ineomall8xp8ndltur•) 11,671 18.7111 4,960 21,528 5,163 26,889 Transfers between funds 1.341 11.341) Nèl movam6nt In funds 11 11.671 16,7111 4.960 22.887 3.822 28.689 Recon¢lllatlon of funds: Fund balaneas at l J8nuary 2024 130,299 56,203 186.502 107,432 52,381 159,813 Fund balances at 31 De¢•mb•r 2024 141,970 49,492 191,462 130,299 56,203 186,502 The slalernent ol financlal activities includes all gains and losses recognised in the year. All inc4Jme and expendilure derlve Irom conllnuing 8¢1Svilles. 10-
BARNES COMMUNITY ASSOCIATION BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 15 77,335 79.141 Currènt as3$1$ Stocks Debtor8 Cash at bank and in hand 6.794 14,097 109,618 2,213 8.370 120,659 16 130,509 131.242 CradltOf8'. amount8 falllnu due wlthln ono y•ar 17 {16.3821 123,8811 Net curront assèts 114.127 107.361 Total assets less currant Ilabllltle¥ 191.462 186,502 The funds of the charlly Resliicttsd Incorne funds Unie51ricted funds 18 19 49.492 41,970 56,203 130.299 191.462 186.502 Th& flnanaal st81ements were approved by the Truslees on M Perklns Trust•e
BARNES COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollc505 ChaTIty Informatlon 8aine8 CotllmunityAs$oclatlon 1$ an unlncorporaled charity govemed by a deed ol Irust. 1.1 A¢¢ounllng conventlon The financial slalemenls have b8en prepared In accordance with the charitys governing do¢umÉnt, Ihe Charitias Act 2011, FRS 102 'The Financtal Reportlng Standard appllcable in the UK and Republic ol Ireland. 8nd the Charilles SORP Accounting and Reporting by Charities.. Slalémenl of Recommended Practice applicable lo charilles preparlng their accounls in accordanc£ with tho Flnancial R8poriing Standard applicable in the UK and Repvbllc ol Ireland {FRS 1021" The charity is a Public Benefit Entity as dtsfined by FRS 102. The charity has taken advBnlage of Ihe provis¢ons In th8 SORP for ch8rities 1 lo prepare a sialeménl of ¢ash fkiws. Th8 fin8nc181 gtalements have departed from Ihg Charities {A¢counls end Reports) Regulations 2008 only lo the exlènl rUIred to provide a true and lalr vigw. This departure has involved followlng the SIBlemenl of Recommended Practice for charities applylng FRS 102 rather than the vorsltsn of tha St81emenl of Recommended Practice which 18 referred lo kn the Regulations but which has since been wllhdrawn. The financial statements are prepared ir* sterting, which is the functlonal currency of Ihe charity. Monetary amounts in Ihe8e fjnancial slalements are rounded lo the nearest £. Tho financlal slalemenls have been Prepared Ltnder the hlgtorlcal cost convention. The prlncipal accounting polici88 adopted are 8¢1 out below. 1.2 Oolny concern Al the lime of approving the finarrial $lalewenls, the Trvstees have a rea8onatAè expeci81ion th81 tho oharfly has adequate resources lo continue In operallonal exlstence for Ihe foreseeable lulufe. Thus Iho Trustees continue lo odopl Ihe going concern basis ol accounung In pwparing Ihe financial slatemenls. 1.3 Chailtsbl• funds unStriCted funds are Rvailable for use al the dl8Uetlon of Ihg Trustees In lurtherance of their chafitsblo obleclivos. Restricted funds are $ubl¢cl lo specific conditions by donors or giantor8 a8 lo how they may be used. The purp05e8 and uses of Ihe resliictéd funds aro sel out in the noles lo the financial stalgment& End¢)wmenl lun¢Js are subject io spgafic ¢ondillons by donors that Ihe capital mu81 bg fflainlaingd by the harity. 1.4 In¢omo Income is recognised when lh8 ch8rfiy18 legally enlllled lo11 after any perfoTmanee condlllons hav8 been m81. Ihe amounts can be measured reliably, 3nd il 18 probable that Income will be received. C8$h donaltons are recognised on iecelpl. Other donations ore recognised once the chaiity has been noliflad of the donallon, unless perfomiance conditions require (leleffal of the amount. Income lax recoverable In relation lo don81ion8 recelved under GirtAid or deeds of covenant Is re¢ognlsgd al the 1Sm8 of Ihe donation. Legacies are re¢ogni8gd on receipt or olherwse if the charity has been notified ol an Impendlng dislribulion, Ihe arnounl is known, and receipl Is expected. 11 the amount 18 not known, the leg8oy Is Ireal8d as conlingenl asset. 12
BARNES COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng poll¢l•¥ {Contlnuedl 1.5 Expgndlturo Expenditure is recognised once Ihere18 a legal or ¢on8tructiv6 obligallon lo transfer economlo benefil lo a third party. il is probable Ihal a transfer of economic benefits wll be required in 8ettlemer¢t, and the amounl ol the obligation can be me8gured reliably. Expenditure 18 classified by actwily. Tho cosis of each activity are made up of the loial ol dlrecl costs and shad costs, including 8UPPOrt cos18 involved in undertaking each actlvily. Dlrect ¢osls attrlbulable lo a single activity are allocaled directly to that aclivily. Shared costs which contribute lo more than one acllvily and support costs which are not allribulable to a single aclivily are apportioned bets¥een those aclivilies on 8 b8$18 consislenl with Ihe use of fesources. Central staff ¢o$ts are allocated on th8 basis of Ilme spent. and depreciation charges aTe allocated on th& wrtion ol the 4$$el'$ u¥9. 1.8 Tanglble flxed asset8 Tangible fixed assets 8re initially measured al cosl and 8ub8equenlly moasured at ¢osl or valuatlon. nel ol depreciation and any impalrmenl10sses. D6preaolion is recognised so as lo write off Ihe cost or valuation of assets less their re8idual values over Ihglr useful Ilv88 on th8 followitvJ boses.. Freehold18nd and bulldlngs Plent and machlnery Fixlvres and fittings Compuler equipment not provided 20% on cosl 100/ts on reducing balance 33% on c08t The gain or loss arising on the di8posal of an a889118 delgrfflined the differenco bplwtrtrn Ihe sale PreedS and the Qairylng value of the asset, and is recognised in Ihe statement orrinanrAal activili88. 1.7 Impalmiont of ftxod a880ts Al each reporting end dale, the charily reviews the ¢8rrylng amounts of Ils lanolbl8 8SSétg lo d8l&rmine whether the Is any Indication Ihat those assels have suffwed an impaifmanl loss. If any such Indication exl$l$, the recoveiablg amount of tha ass81 Is esllmaled In ord8r lo det8rmin8 the extent of the impairment Ios5 lif any). 1.8 Stocks Stocks are 81aled al the lower of cosl and osllmaled selllng prfoe less costs lo complele sell. Cost comprises (Jirecl materia18 and. where applicable, direct 18bouf cosls and those overheads Ihat have been Incurred ln bringing the stocks lo their present Icication and Condilitsn. Items held for dlslrfbullon 91 no or nomlnal conslderallon a measured the lower ol replacement cost and cost. Nel reallsable value Ss Iho Ostlmated selling prfce Iw all esllmaled costs of completion and cosls lo bg Incurred in maikeling, selling and dislribuliDn. 1.9 Cash and cash equlvalents Cash and cash equivalents include ca8h in hand. deposils held al rall with banks. other short-lerm liquid investments with original malurilies ol three month8 or le88, and bank overdrafts. Bank ovtsrdralts are shown within bouoMng8 in current liabllllies. 13-
BARNES COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢countlng pollcl (Continued) 1.10 Flnanclal Instruments The ¢harily h8$ elected lo apply Ihe provlslong ol Secllon 11 'Ba8ic Flnanryal Ins¢wmenls' and Section 12 'Olher Financlal InslTumenls158ue8' of FRS 102 lo all of ils financial inslrumenls. Flnanclal Inslrumonls are recognised In Ihe thari16 balanc2 sheet when the charity becomes parly to the conlraclual provi8ions ol the Inslrumenl. Financial assets and liabilities are off£el, wth the net amounts presented In tho fln8nd81 stalèmènts. when there Is a legally enforable right to sel off the recognised amounts and there18 8n InleAllon lo $Étt18 on 8 nel ba518 or lo reali8e the as8el and Sett18 tha Ilabllily slmultan8ously. Baslc flnanclal assets Basic financial assets. which include debtor8 and cash and bank balanee$, are Inlllglly measured at Iranga¢llon price includlng transaction costs and are subsequently carried al amortised cost uslng tho effectivè Inlerosl melh¢)d unless the arrangement constitutes a financing transaction, where the Irans8cllon Is measuied al Ihg prestrnl value of Ihe future receiptg discounted at a markel rale of interest. Financial assets classified as receivable wlhin ono year are ftol amortlse(l. Bo$1¢ flnan¢lalllabllltles Basic financlal liabilities. Induding creditors and bank loan8 are Initially le1$ed al Iransa¢llon prlca unless the arrangement conslllules a finanang transaction, where the debl irnstrumenl 15 measured al the prèsènt value of tho future payments dI$nIed at a markel rate of interest. Flnancial liabl1leS classified a8 payable within one year are not amortised. Debl Instruments Bre subsequenlly carried al amorti8ed cosl, using the effeetlve Intere81 rate method. Tr8de creditors 8r& oblig81ion$ lo pay lor goods or services Ihal hav8 been acquired in the ordinary course ol operations from suppliers. Amount8 payable are clas8ified ourrenl li8bllillgs if payment Is due wllhin one year or less. If not, they are presented as noUrent liabililies. T¥adg crodilors are iewnlsed Inlllally al Iransaolion pri¢% and subs¢quenlly measured at amortised cost using the effeclwe interest method. Derecognitlon of flnanclal Ilabllltles Finan¢lal li8bllilte$ are dere¢ognlsed when tha charitys conlraclual obligations explre or are discharged or cancellèd. 1.11 Employ•8 bÉn8fit8 Thp cost of any unused hollday enllllement Is recognised In the period in which the employee's servlces are received. Termination benefits 8re recognised immediately 89 an expense when th? charfly18 demonstrably commllled to t8rmln8le th8 8mploym8nl o10n employee or lo provide lemiinalion benBfil8. Crltlcal ac¢ountlng 48tlmat•s and ludg8monts In the application of Ihe charills accounting policies, the Trnslees are requlred lo make ludgements. eslimgles and assumpllons abotsl Ihe carrying amount ol assets and liabililles that are not r8Bdlly 8pp2rent from olhor sources. The e81imates and assoclaled assumplions a based on hislorical experien¢8 and olher factors that are considered lo bts relevanl. A¢tual results may dlffer from Ihese estimates. The estimates and underfying assumptions are reviewed on an ongoSng ba818. R8vlslons lo accountlng Èsllmalès arè recognlsed In thè period in which the estimate is revised wh8re th8 revision affects only that pariod, or In p8rlod of thè r8vlslon and fLTrlure perlods where the revision affects both current and future perlods. 14-
BARNES COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incomg from donatlong and1990¢1gs Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Rèstrlcted fund8 lund$ 2023 2023 Tot81 2024 2023 OonaliDns and gifts Gr8nls Spon8or8hlps 22.605 11,000 16,460 1,134 23.739 11,000 16,460 16.162 13,060 9,701 778 10,000 16.940 23,060 9.701 50,065 1.134 51.199 38.923 10.778 49.701 Income from charStable act5vltles UnreBtrlcted funds 2024 Unre8lrl¢t¢d furtds 2023 Prosp•ct Nawsl8ttar Charllable activities Prospect Newsletter 26,721 19,998 27,717 18,202 46.719 45,919 Income from other tradlng actlvltl88 Unrestrlcted UnTèStrlcléd funds fund 2024 2023 Fundraising evenis Lelling and Ficenslng arrangements Other income 118,397 31,925 138 111.451 25,827 120 Other Iiading activitie8 150.460 137.398 Incomo from Invoslments Unraslrlcted Unrgstrlcted funds funds 2024 2023 Interest r•coiv8blg 3.547 3.075 15-
BARNES COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on ralslng funds Unre¥trl¢tèd Rèstrlcted fund8 fund$ 2024 2024 Total Unre8trlcted Restrlctod funds fund8 2023 2023 Totsl 2024 2023 Fundral8lng and publlclty Seeking donallons, gnIS ond legacies 86.585 960 87,545 65.193 190 65.382 Expendlture on ¢haritable a¢tlvltl•8 Prosp8ctTown Contr Nèw8lètt•r Manag•r Ggnoral Grèon K88p8rl Appeals 2024 Total 2024 2024 2024 2024 Dlroct costs Deprecia'on and Impalrmenl Direct costs Christma8 Ih18 Offlce 8xpen$88 2,074 2.074 2,369 4,112 6.721 2,369 4,112 6,721 4.112 8.795 2,369 15,276 Grant fundlng of actlvllies (see nolo 9} 11,848 11.848 ShAra of support and gov8rnanc• costs Ise8 noto 101 Support 10,090 122,206 132,2 10,090 4,112 142,849 2,369 159,420 An8ty818 by fund Unrastrictad lun(Js Restrlcted funds 10.090 4.112 135.984 6,885 2.369 152.535 8,885 10,090 4,112 142,849 2,369 159,420 16-
BARNES COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Exp•ndltur8 on charltablg actlvltlès Icontlnupd) Prèvlous year: Pro8p•clT¢wn Centro Newsletter Manager Ggn&ral Gregn Kegpprl Appeals 2023 Total 2023 2023 2023 2023 Dlroct coBts Depreclallon and Impalrmenl Dlrecl costs ChrislmBS lights Office expenses 1,810 222 1,810 3,326 4,964 5.712 3,104 4,984 5,712 4,964 7,744 3.104 15.812 Grant fundlng of acllvlti&s1988 nol8 9} 11,271 11,271 Share of support and governance ¢o¥ts (sèe note 101 Support 10,500 106.438 116,938 10.500 4.984 125,453 3,104 144,021 Analy8ls by fund Unreslricled funds Reslricled funds 10,5LKI 4,964 120,028 5.425 3,104 138.596 5,425 10,500 125,453 3,104 144,021 Grants payable General 2024 General 2023 Grants lo Inslilulions: Other 11.848 11.271 17-
BARNES COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Support COgt8 allocated to activitle8 2024 2023 Staff rA>sIs Depreciation Operating lea8e charge8 Insurance Ll9hl and heal oirice expenses Computar maintenance Repalrs and maintenance Bank charges Profe55ional fees Trav61 and enlerlalnmenl Claanlng Govemanca costs 81,855 3,546 1,083 5,694 3,549 14,059 1,031 4,134 2,821 3,925 1,610 S,OS5 3,924 71,079 3,633 1,018 4.936 2,809 13.311 1,018 3.288 1.682 3.180 993 6,497 3,516 132,296 116.938 An8lyBed betWo9n: Piospecl Newsletter General 10,090 122,206 10.500 108,438 132,296 116,938 11 Net mov8m•nt In lunds 2024 2023 The nel mov8menl in funds 18 slated after chargingllcredilingl.. Foes payablè for the independent examlnalion of the charilvs financlal 8talemenls Depradallon of own8d tangible fixed 8ssel$ Oporaling lease charges 3,300 5,620 1,083 3,300 5,443 1,018 12 Trustee None of Ihg Tru8te&s {or any persons connected with Ihgml recelved any remuneration or benefits from the charity during the year. 13 Employees 8v$r8ge monthly wmb8r of•mpfoyees during the y&Brwas= 2024 Number 2023 Numbar 18-
BARNES COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Employees IContlnu•dl Employm9nt costs 2024 2023 Waggs aNI salariés 81,855 71,079 There were no employees whose annual remuneration was more than £60,000. 14 Toxatlon The charity is exempt from laxBtion on ils activities because all its income is applied for charitable purposes. 15 Tanglble flxed aysets Fre&hold land 8nd bulldlng8 Plant and Flxtures ond machln•ry flttlng8 Comput8r 84ulpm6nt Total Cost Al 1 January 2024 Addllions 61,363 2.500 53,487 1.259 8,428 2,558 125,778 3,817 At 31 December 2024 61.363 2.500 54.746 10,986 129.595 D8prèclatlon And Impalrmant Al 1 January 2024 Depredallon ¢h8rged In lh8 year 2,000 500 39,603 1,574 5.037 3,546 46,640 5,620 Al 31 December 2024 2,500 41.177 8,583 52,260 Carrylng amount Al 31 D8cernber 2024 61,363 13.569 2,403 77,335 Al 31 D&rEmber 2023 61.363 500 13.886 3,392 79.141 16 Oebtors 2024 2023 Amoun1• falllng duè wlthln onè yèar: Tiode debtors other debtors 6.467 7,630 1,450 6,920 14,097 8,370 19-
BARNES COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Credltors: amounts falllng dug wllhln ono y&ar 2024 2023 Olher laxallon and 80cial Security Trade Cfedilo Other creditor8 Aceru818 2nd d8ferred Income 2,038 597 90 13,657 971 7,359 91 15,460 16.382 23.881 18 Rpstrlcted fund¥ The restrlcled funds of the charity comprise the unexpended balance5 01 donations and oiant8 held on trust Sublecl lo $pe¢Mk ¢ondllions by donors BS to how Ihey may b8 used. At l J8nu•ry 2024 Incomlng Te8ourcgs R•8ourc•8 expended Transf8rs At31 D&¢¢mbor 2D24 Mens. shed Electric Bike The Wew Iprevlously Barn8S Bridge) Conn¢¢l Mo 10,330 500 10 (251 (5001 10.315 39,424 5,949 12,4841 {4,836) 36,940 2,237 1,124 56.203 1,134 {7,845) 49,492 Pravioug yèar: At 1 January 2023 Incomlng resources Resources gxpendgd Transfer8 At31 Decembor 2023 FOSSR Fund Mgns, shed Electric Bike The View {preVIjsty Barne8 8rSdgel Connecl 1,341 {1,3411 10,500 {170} 15001 10,330 500 1,000 41,921 8,119 {2,497) {2.448) 39,424 5,949 278 52.381 70,778 15,8151 (1.3411 56,203 -20-
BARNES COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Unrestrlctod lund8 Thè unrestiicted funds ol the charity comprise th8 unexpended balance5 of donations and grants which are not $ubSe¢l lo specific condillons by donoTS and grantors as lo how Ihey may be used. These include dttslgnaled lund8 which hava baen 8@t aslda out ol unr8strlclèd funds by fhè Irusie&s lor specifio purposes. At 1 January 2024 Incomlng rfy$our¢g$ R•source oxpgnded Transfers At31 December 2024 General futxl Rose House 90,887 39,412 250,791 1239,1201 102.558 39.412 130,299 250.791 1239.120) 141,970 Pravlous yoar: At 1 January 2023 Incoming r•sourceB Resources expended Transfers A131 Dgcemb¥r 2023 General fund Rose HoL*Se 68,020 39,412 225,315 {203.789) 1.341 90.887 39.412 107,432 225,315 1203,7891 1,341 130,299 20 Analysis of not ag$el8 betwe•n fund8 Unrastrlct4d funds 2024 R8strlcted funds 2024 Total 2024 At 31 December 2024.. Tangible assets Current asselsllliabililie51 77,335 64,635 77.335 114.127 49.492 141.970 49,492 191,462 Unrestrlcted fund8 2023 Restrlcted funds 2023 Tot81 2023 At 31 December 2023: T8nglble 88S918 Current assetsllllablllllesl 78,338 51,961 803 55,400 79,141 107,361 130,299 56,203 186.502 21
BARNES COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Flnanelal commltmgntsi guarant8as and contlngant Ibbllltl•s The charity holds Ihe legal Illle lo the freehold property at Rose House, 70 Barnes High Street, London. SW13 9LD. The charity Is required lo meet a conlingenl undertaking to mèka a donation of £7.500 to Th8 Barnes Workhouso Fund In the event of th8 dlsposal of Ihe building. 22 R•lat8d party trangacllon8 There were no di5closable ielaltrd party Irdnsaclion8 during the year (2023- none). The key management personnel are nSIdered lo be Ihg Chairman, Vice Chaimian and Tiea5UFer. None ol the key managemonl personnel have been romuneratsd in lh$ ygar. -22-