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← Burnopfield Community Association

2024-12-31-accounts

BURNOPFIELD COMMUNITY ASSOCIATION DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Smith & Co Accountants Limited ACCA Unit G2 Tanfield Lea Business Centre Stanley Co Durham DH9 9DB

Burnopfield Community Association Contents

Page
Company Information 1
Director's Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6—7
The following pages do not form part of the statutory accounts:
Trading Profit and Loss Account 8

Burnopfield Community Association Company Information For The Year Ended 31 December 2024

Accountants Smith & Co Accountants Limited
ACCA
Unit G2
Tanfield Lea Business Centre
Stanley
Co Durham
DH9 9DB

Page 1

Burnopfield Community Association Company No. Director's Report For The Year Ended 31 December 2024

The director presents his report and the financial statements for the year ended 31 December 2024.

Directors

The director who held office during the year were as follows:

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director 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 the profit or loss of the company for that period. In preparing the financial statements the director is required to:

The director is 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. He is 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.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

By order of the board

Date

Page 2

Burnopfield Community Association Accountant's Report For The Year Ended 31 December 2024

In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this 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 director for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

05/03/2025

Smith & Co Accountants Limited ACCA Unit G2 Tanfield Lea Business Centre Stanley Co Durham DH9 9DB

Page 3

Burnopfield Community Association Profit and Loss Account For The Year Ended 31 December 2024

Notes
TURNOVER
Cost of sales
GROSS PROFIT
Administrative expenses
OPERATING LOSS
Other interest receivable and similar income
LOSS FOR THE FINANCIAL YEAR		 2024
£
36,683
(18,237)
18,446
(31,486)
(13,040)
131
(12,909)		 2023
£
29,425
(14,740)
14,685
(30,404)
(15,719)
145
(15,574)

The notes on pages 6 to 7 form part of these financial statements.

Page 4

Burnopfield Community Association Balance Sheet As At 31 December 2024

Notes
FIXED ASSETS
Tangible Assets
4
CURRENT ASSETS
Cash at bank and in hand
Creditors: Amounts Falling Due Within
One Year
5
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
Profit and Loss Account
SHAREHOLDERS' FUNDS		 2024
£
£
2,239
2,239
44,974
44,974
(468)
44,506
46,745
46,745
46,745
46,745		 2024
£
£
2,239
2,239
44,974
44,974
(468)
44,506
46,745
46,745
46,745
46,745		 2023
£
£
7,786
7,786
52,337
52,337
(469)
51,868
59,654
59,654
59,654
59,654		 2023
£
£
7,786
7,786
52,337
52,337
(469)
51,868
59,654
59,654
59,654
59,654
2,239
44,506		 7,786
51,868
44,974
(468)		 52,337
(469)
46,745 59,654
46,745 59,654
46,745 59,654
46,745 59,654

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

On behalf of the board

Date

The notes on pages 6 to 7 form part of these financial statements.

Page 5

Burnopfield Community Association Notes to the Financial Statements For The Year Ended 31 December 2024

1. General Information

Burnopfield Community Association is a private company, limited by shares, incorporated in England & Wales, registered number . The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

20% Straight Line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: )

4. Tangible Assets

Cost
As at 1 January 2024
As at 31 December 2024
Depreciation
As at 1 January 2024
Provided during the period
As at 31 December 2024
Net Book Value
As at 31 December 2024
As at 1 January 2024		 Fixtures &
Fittings
£
27,737
27,737
19,951
5,547
25,498
2,239
7,786

Page 6

Burnopfield Community Association Notes to the Financial Statements (continued) For The Year Ended 31 December 2024

  1. Creditors: Amounts Falling Due Within One Year
.
Creditors: Amounts Falling Due Within One Year
Trade creditors
Other creditors		 2024
£
-
468
468		 2023
£
1
468
469
  1. Share Capital

Page 7

Burnopfield Community Association Trading Profit and Loss Account For The Year Ended 31 December 2024

TURNOVER
Grants and subsidies received
Other trading income
COST OF SALES
Purchases
Waste disposal
Other direct costs
GROSS PROFIT
Administrative Expenses
Wages and salaries
Staff training
Travel and subsistence expenses
Rates
Light and heat
Water rates
Vehicle fuel costs
Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telecommunications and data costs
Accountancy fees
Subscriptions
Depreciation
Sundry expenses
OPERATING LOSS
Other interest receivable and similar income
Bank interest receivable
LOSS FOR THE FINANCIAL YEAR		 2024
£
£
3,683
33,000
36,683
4,779
1,102
12,356
(18,237)
18,446
2,578
66
-
1,353
13,301
2,279
-
4,023
274
-
-
1,417
618
30
5,547
-
(31,486)
(13,040)
131
131
(12,909)		 2024
£
£
3,683
33,000
36,683
4,779
1,102
12,356
(18,237)
18,446
2,578
66
-
1,353
13,301
2,279
-
4,023
274
-
-
1,417
618
30
5,547
-
(31,486)
(13,040)
131
131
(12,909)		 2023
£
£
-
29,425
29,425
2,369
548
11,823
(14,740)
14,685
-
650
41
1,603
8,925
2,130
250
9,200
-
72
210
1,105
480
190
5,547
1
(30,404)
(15,719)
145
145
(15,574)		 2023
£
£
-
29,425
29,425
2,369
548
11,823
(14,740)
14,685
-
650
41
1,603
8,925
2,130
250
9,200
-
72
210
1,105
480
190
5,547
1
(30,404)
(15,719)
145
145
(15,574)
36,683
(18,237)		 29,425
(14,740)
2,578
66
-
1,353
13,301
2,279
-
4,023
274
-
-
1,417
618
30
5,547
-		 -
650
41
1,603
8,925
2,130
250
9,200
-
72
210
1,105
480
190
5,547
1
18,446
(31,486)		 14,685
(30,404)
131 145
(13,040)
131		 (15,719)
145
(12,909) (15,574)

Page 8