CHARITY REGISTRATION NUMBER: 1159581
Fencehouses Community Association Unaudited Financial Statements
31 December 2023
Fencehouses Community Association
Financial Statements
Year ended 31 December 2023
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 15 |
Fencehouses Community Association
Trustees' Annual Report
Year ended 31 December 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
Reference and administrative details
| Reference and administrative | details | details |
|---|---|---|
| Registered charity name | Fencehouses Community Association | |
| Charity registration number | 1159581 | |
| Principal office | Fencehouses Community Centre | |
| Woodstone Village | ||
| Fencehouses | ||
| Houghton le Spring | ||
| DH4 6DS | ||
| Co Durham | ||
| The trustees | ||
| R Hunter | Vice Chairman | |
| L Francis | Vice Chairman | |
| D Hills – appointed 06/12/23 | ||
| K Hills – appointed 06/12/23 | ||
| T Lamb – appointed 06/12/23 | ||
| Representatives | ||
| B Lowis | Support Worker | |
| D Masterson | Accounts Support Worker | |
| A Bell | Council Representative | |
| P Heavyside | Council Representative | |
| Employees | ||
| G Wragg | ||
| S Wragg | ||
| J Robinson – part time cover staff | ||
| Independent examiner | Jane Freeman | |
| Chartered Certified Accountants | ||
| 58 Durham Road | ||
| Birtley | ||
| Co Durham | ||
| DH3 2QJ |
Structure, governance and management
During the year the Association operated as a charitable incorporated organisation governed by the rules contained in its constitution registered with the charity commission. The day to day affairs of the association are managed by the management committee consisting of officers appointed by the membership.
1
Fencehouses Community Association
Trustees' Annual Report (continued)
Year ended 31 December 2023
Objectives and activities
The Association was formed to promote the benefits of the inhabitants of Fencehouses and the neighbourhood by the provision of facilities for social welfare, recreation and leisure time occupation. To achieve these objects the Management have encouraged the growth of activities desired by the community and made available the facilities of the Association's premises and equipment to support that aim.
In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
Achievements and performance
In the opinion of the trustees the Association has successfully provided the Community with the leisure facilities required and the overall financial position is set out in the following pages.
Financial review
The Association has reported an operating deficit on general funds during the year. Its financial position at 31st December 2023 remains healthy and should enable it to continue its operations for the foreseeable future. More detailed financial information is contained in the statement of financial activities and statement of financial position set out on pages 4 and 5.
The Association has continued to follow policy of promoting social activities during 2023 and has been able to operate within is available resources because of the voluntary nature of the work performed by the trustees.
For many years it has been the Association's policy to seek to increase its reserves in order to cover any unforeseen operating costs which may arise in the future. Funds are therefore held on deposit to generate income which helps finance its objectives, meet any possible shortfalls in income in the future and finance expenditure of a capital nature, most especially where urgent repairs for which grants may not be available are required.
During the year the Association has increased its deposit investment to £21,582.
The Trustees confirm that there is an ongoing process for identifying, evaluating and managing the significant risks faced by the Association. This process has been reviewed by the trustees.
24/09/2024 The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Robert Hunter
Robert Hunter (Sep 24, 2024 09:17 GMT+1)
R Hunter Trustee
Lee Francis
Lee Francis (Sep 9, 2024 12:23 GMT+1)
L Francis Trustee
2
Fencehouses Community Association
Independent Examiner's Report to the Trustees of Fencehouses Community Association
Year ended 31 December 2023
I report to the trustees on my examination of the financial statements of Fencehouses Community Association ('the charity') for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I 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.
==> picture [183 x 36] intentionally omitted <==
Jane Freeman FCCA Independent Examiner 58 Durham Road Birtley Co Durham DH3 2QJ
24/09/2024
3
Fencehouses Community Association
Statement of Financial Activities
Year ended 31 December 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Donations and legacies | 4 | 10,510 | 14,709 | 25,219 | 43,910 |
| Other trading activities | 5 | 57,942 | – | 57,942 | 47,276 |
| Investment income | 6 | 248 | – | 248 | 27 |
| ──────── | ──────── | ──────── | ──────── | ||
| Total income | 68,700 | 14,709 | 83,409 | 91,213 | |
| ════════ | ════════ | ════════ | ════════ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 7 | 70,998 | 7,400 | 78,398 | 79,828 |
| Expenditure on charitable activities | 8 | 1,546 | – | 1,546 | 1,042 |
| ──────── | ──────── | ──────── | ──────── | ||
| Total expenditure | 72,544 | 7,400 | 79,944 | 80,870 | |
| ════════ | ════════ | ════════ | ════════ | ||
| ──────── | ──────── | ──────── | ──────── | ||
| Net income and net movement in | funds | (3,844) | 7,309 | 3,465 | 10,343 |
| ════════ | ════════ | ════════ | ════════ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 45,332 | 3,941 | 49,273 | 38,930 | |
| ──────── | ──────── | ──────── | ──────── | ||
| Total funds carried forward | 41,488 | 11,250 | 52,738 | 49,273 | |
| ════════ | ════════ | ════════ | ════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 13 form part of these financial statements.
4
Fencehouses Community Association
Statement of Financial Position
31 December 2023
| Fencehouses Community Association Statement of Financial Position 31 December 2023 |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 13,351 | 7,437 |
| Current assets | |||
| Stocks | 14 | 575 | 575 |
| Cash at bank and in hand | 41,204 | 42,688 | |
| ──────── | ──────── | ||
| 41,779 | 43,263 | ||
| Creditors: amounts falling due within one year | 15 | (2,392) | (1,427) |
| ──────── | ──────── | ||
| Net current assets | 39,387 | 41,836 | |
| ──────── | ──────── | ||
| Total assets less current liabilities | 52,738 | 49,273 | |
| ──────── | ──────── | ||
| Net assets | 52,738 | 49,273 | |
| ════════ | ════════ | ||
| Funds of the charity | |||
| Restricted funds | 11,250 | 3,941 | |
| Designated funds | 20,000 | 20,000 | |
| Unrestricted funds | 21,488 | 25,332 | |
| ──────── | ──────── | ||
| Total charity funds | 16 | 52,738 ════════ |
49,273 ════════ |
These financial statements were approved by the board of trustees and authorised for issue on
24/09/2024........................, and are signed on behalf of the board by:
Robert Hunter
Robert Hunter (Sep 24, 2024 09:17 GMT+1)
R Hunter Trustee
Lee Francis
Lee Francis (Sep 9, 2024 12:23 GMT+1) L Francis Trustee
The notes on pages 6 to 13 form part of these financial statements.
5
Fencehouses Community Association
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Fencehouses Community Centre, Woodstone Village, Fencehouses, Houghton le Spring, DH4 6DS, Co Durham.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees to cover all liabilities should we be forced to wind-down. This is currently set at £20,000 and is based upon covering wages for the staff notice periods as per contracts of employment, unforeseeable costs for capital repairs and cancellation costs of existing contracts, e.g. broadband and monies to help us try to recover our position in such circumstances.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
6
Fencehouses Community Association
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
7
Fencehouses Community Association
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 10% reducing balance Fixtures and fittings - 10% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
8
Fencehouses Community Association
Notes to the Financial Statements (continued)
Year ended 31 December 2023
4. Donations and legacies
| 4. | Donations and legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | – | – | – | ||
| Grants | |||||
| County Durham Community Foundation* | – | (771) | (771) | ||
| Durham County Council - Poverty Hurts | – | 2,000 | 2,000 | ||
| Durham County Council – Consultant | – | 1,500 | 1,500 | ||
| Durham County Council - Fun & Food | – | 1,980 | 1,980 | ||
| Community Fund | – | 10,000 | 10,000 | ||
| Durham County Council - Capital grants | 10,510 | – | 10,510 | ||
| ──────── | ──────── | ──────── | |||
| 10,510 | 14,709 | 25,219 | |||
| ════════ | ════════ | ════════ | |||
| *Unspent Grant of £771 was repaid during the year | |||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | 5,000 | – | 5,000 | ||
| Grants | |||||
| Durham County Council | – | 1,050 | 1,050 | ||
| National Lottery Community Fund | – | 6,010 | 6,010 | ||
| Durham County Council | – | 15,000 | 15,000 | ||
| County Durham Community Foundation | – | 7,500 | 7,500 | ||
| County Durham Community Foundation | – | 9,350 | 9,350 | ||
| ─────── | ──────── | ──────── | |||
| 5,000 | 38,910 | 43,910 | |||
| ═══════ | ════════ | ════════ | |||
| 5. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bar sales | 2,760 | 2,760 | 2,301 | 2,301 | |
| Hall lettings | 54,494 | 54,494 | 43,880 | 43,880 | |
| Social events | 224 | 224 | 1,080 | 1,080 | |
| Sundry income | 464 | 464 | 15 | 15 | |
| ──────── | ──────── | ──────── | ──────── | ||
| 57,942 | 57,942 | 47,276 | 47,276 | ||
| ════════ | ════════ | ════════ | ════════ | ||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 248 | 248 | 27 | 27 | |
| ════ | ════ | ════ | ════ |
9
Fencehouses Community Association
Notes to the Financial Statements (continued)
Year ended 31 December 2023
7. Costs of raising donations and legacies
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Cost of bar refreshments | 973 | 330 | 1,303 | ||
| Wages and national insurance | 45,437 | – | 45,437 | ||
| Training | 200 | – | 200 | ||
| Lighting and heating | 4,794 | 563 | 5,357 | ||
| Water rates | 298 | – | 298 | ||
| Entertaining and catering | 50 | – | 50 | ||
| Repairs and renewals | 2,444 | 500 | 2,944 | ||
| Postage, stationery, advertising and telephone | 1,262 | – | 1,262 | ||
| Licences and insurance | 6,461 | – | 6,461 | ||
| Laundry and sundry expenses | 1,195 | – | 1,195 | ||
| Project costs | 21 | 5,757 | 5,778 | ||
| IT support | 500 | – | 500 | ||
| Finance officer | 1,560 | – | 1,560 | ||
| Depreciation | 1,717 | – | 1,717 | ||
| Loss on disposal of fixed assets | 4,061 | – | 4,061 | ||
| Consultancy | – | 250 | 250 | ||
| PAYE interest | 25 | – | 25 | ||
| ──────── | ──────── | ──────── | |||
| 70,998 | 7,400 | 78,398 | |||
| ════════ | ═══════ | ════════ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Cost of bar refreshments | 498 | 972 | 1,470 | ||
| Wages and national insurance | 15,075 | 28,406 | 43,481 | ||
| Lighting and heating | 13,945 | – | 13,945 | ||
| Water rates | 1,308 | – | 1,308 | ||
| Entertaining and catering | – | 2,228 | 2,228 | ||
| Repairs and renewals | 3,960 | 3,863 | 7,823 | ||
| Postage, stationery, advertising and telephone | 1,894 | – | 1,894 | ||
| Licences and insurances | 4,053 | – | 4,053 | ||
| Laundry and sundry expenses | 1,451 | – | 1,451 | ||
| Legal costs | 1,349 | – | 1,349 | ||
| Depreciation | 826 | – | 826 | ||
| ──────── | ──────── | ──────── | |||
| 44,359 | 35,469 | 79,828 | |||
| ════════ | ════════ | ════════ | |||
| 8. | Governance costs | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Support costs | 1,546 | 1,546 | 1,042 | 1,042 | |
| ═══════ | ═══════ | ═══════ | ═══════ |
10
Fencehouses Community Association
Notes to the Financial Statements (continued)
Year ended 31 December 2023
9. Net income
Net income is stated after charging/(crediting):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fixed assets | 1,717 | 826 |
| Loss on sale of fixed assets | 4,061 | – |
| ═══════ | ════ |
10. Independent examination fees
2023 2022 £ £ Fees payable to the independent examiner for: Independent examination of the financial statements 1,546 1,042 ═══════ ═══════
11. Staff costs
| Staff costs | Staff costs | |
|---|---|---|
| The total staff costs and employee benefits for the reporting period are analysed as | follows: | |
| 2023 | 2022 | |
| £ | £ | |
| Wages and salaries | 45,437 | 43,481 |
| ──────── | ──────── | |
| 45,637 | 43,481 | |
| ════════ | ════════ |
The average head count of employees during the year was 2 (2022: 2).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the Trustees.
13. Tangible fixed assets
| Tangible fixed assets | |||
|---|---|---|---|
| Facilities | Fixtures, | ||
| Equipment | Fittings etc | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 January 2023 | 19,419 | 19,473 | 38,892 |
| Additions | – | 11,692 | 11,692 |
| Disposals | (14,710) | (14,922) | (29,632) |
| ──────── | ──────── | ──────── | |
| At 31 December 2023 | 4,709 | 16,243 | 20,952 |
| ════════ | ════════ | ════════ | |
| Depreciation | |||
| At 1 January 2023 | 15,047 | 16,408 | 31,455 |
| Charge for the year | 437 | 1,280 | 1,717 |
| Disposals | (12,587) | (12,984) | (25,571) |
| ──────── | ──────── | ──────── | |
| At 31 December 2023 | 2,897 | 4,704 | 7,601 |
| ════════ | ════════ | ════════ | |
| Carrying amount | |||
| At 31 December 2023 | 1,812 | 11,539 | 13,351 |
| ════════ | ════════ | ════════ | |
| At 31 December 2022 | 4,372 | 3,065 | 7,437 |
| ════════ | ════════ | ════════ |
11
Fencehouses Community Association
Notes to the Financial Statements (continued)
Year ended 31 December 2023
14. Stocks
| Stocks | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Refreshments and Glasses | 575 | 575 |
| ════ | ════ | |
| Creditors: amounts falling due within one year | ||
| 2023 | 2022 | |
| £ | £ | |
| Trade creditors | 1,143 | - |
| Accruals and deferred income | 840 | 985 |
| Social security and other taxes | 409 | 442 |
| ─────── | ─────── | |
| 2,392 | 1,427 | |
| ═══════ | ═══════ |
15. Creditors: amounts falling due within one year
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 31 | December | ||
| 1 January 2023 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| General funds | 25,332 | 68,700 | (72,544) | 21,488 |
| Designated funds | 20,000 | – | – | 20,000 |
| ──────── | ──────── | ──────── | ──────── | |
| 45,332 | 68,700 | (72,544) | 41,488 | |
| ════════ | ════════ | ════════ | ════════ | |
| At | ||||
| At | 31 | December | ||
| 1 January 2022 | Income | Expenditure | 2022 | |
| £ | £ | £ | £ | |
| General funds | 18,430 | 52,303 | (45,401) | 25,332 |
| Designated funds | 20,000 | – | – | 20,000 |
| ──────── | ──────── | ──────── | ──────── | |
| 38,430 | 52,303 | (45,401) | 45,332 | |
| ════════ | ════════ | ════════ | ════════ | |
| Restricted funds | ||||
| At | ||||
| At | 31 | December | ||
| 1 January 2023 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| Building security | 500 | – | (500) | – |
| County Durham Community | ||||
| Foundation (see note 4) | 3,441 | (771) | (2,670) | – |
| Durham County Council - Poverty | ||||
| Hurts | – | 2,000 | (2,000) | – |
| Durham County Council - Consultant | – |
1,500 | (250) | 1,250 |
| Durham County Council - Fun & | ||||
| Food | – | 1,980 | (1,980) | – |
| Community Fund | – | 10,000 | 10,000 | |
| ──────── | ──────── | ──────── | ──────── | |
| 3,941 | 14,709 | (7,400) | 11,250 | |
| ═══════ | ════════ | ═══════ | ════════ |
12
Fencehouses Community Association
Notes to the Financial Statements (continued)
Year ended 31 December 2023
16. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 31 | December | ||
| 1 January 2022 | Income | Expenditure | 2022 | |
| £ | £ | £ | £ | |
| Building security | 500 | – | – | 500 |
| Durham County Council | – | 1,050 | (1,050) | – |
| National Lottery Community Fund | – | 6,010 | (6,010) | – |
| County Durham Council | – | 15,000 | (15,000) | – |
| County Durham Community | ||||
| Foundation | – | 7,500 | (7,500) | – |
| County Durham Community Fund | – | 9,350 | (5,909) | 3,441 |
| ──── | ──────── | ──────── | ──────── | |
| 500 ════ |
38,910 ════════ |
(35,469) ════════ |
(5,409) ═══════ |
17. Analysis of net assets between funds
| Analysis of net assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 13,351 | – | 13,351 |
| Current assets | 30,529 | 11,250 | 41,779 |
| Creditors less than 1 year | (2,392) | – | (2,392) |
| ──────── | ──────── | ──────── | |
| Net assets | 41,488 | 11,250 | 52,738 |
| ════════ | ════════ | ════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 7,437 | – | 7,437 |
| Current assets | 39,322 | 3,941 | 43,263 |
| Creditors less than 1 year | (1,427) | – | (1,427) |
| ──────── | ─────── | ──────── | |
| Net assets | 45,332 | 3,941 | 49,273 |
| ════════ | ═══════ | ════════ |
18. Other information
The Association occupies property vested in Durham County Council which holds the property as Trustees having been appointed by the Secretary of State for Education and Science on 1[st] March 1968.
13
Fencehouses Community Association
Management Information
Year ended 31 December 2023
The following pages do not form part of the financial statements.
14
Fencehouses Community Association
Detailed Statement of Financial Activities
Year ended 31 December 2023
| Fencehouses Community Association Detailed Statement of Financial Activities Year ended 31 December 2023 |
||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Income | ||
| Donations and legacies | ||
| Donations | – | 5,000 |
| Durham County Council | – | 1,050 |
| National Lottery Community Fund | – | 6,010 |
| Durham County Council | – | 15,000 |
| County Durham Community Foundation | – | 7,500 |
| County Durham Community Foundation | (771) | 9,350 |
| Durham County Council - Poverty Hurts | 2,000 | – |
| Durham County Council - Consultant | 1,500 | – |
| Durham County Council - Fun & Food | 1,980 | – |
| Community Fund | 10,000 | – |
| Durham County Council | 10,510 | – |
| ──────── | ──────── | |
| 25,219 | 43,910 | |
| ──────── | ──────── | |
| Other trading activities | ||
| Bar sales | 2,760 | 2,301 |
| Hall lettings | 54,494 | 43,880 |
| Social events | 224 | 1,080 |
| Sundry income | 464 | 15 |
| ──────── | ──────── | |
| 57,942 | 47,276 | |
| ──────── | ──────── | |
| Investment income | ||
| Bank interest receivable | 248 | 27 |
| ──── | ──── | |
| ──────── | ──────── | |
| Total income | 83,409 | 91,213 |
| ════════ | ════════ |
15
Fencehouses Community Association
Detailed Statement of Financial Activities (continued)
Year ended 31 December 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Costs of raising donations and legacies | ||
| Purchases | 1,303 | 1,470 |
| Wages and salaries | 45,437 | 43,481 |
| Training | 200 | – |
| Rates and water | 298 | 1,308 |
| Light and heat | 5,357 | 13,945 |
| Repairs and maintenance | 2,944 | 7,823 |
| Insurance | 6,461 | 4,053 |
| Consultancy | 250 | – |
| PAYE interest | 25 | – |
| Legal and professional fees | – | 1,349 |
| Postage, stationery, advertising and telephone | 1,262 | 1,894 |
| Depreciation | 1,717 | 826 |
| Loss on sale of fixed assets | 4,061 | – |
| Entertaining and catering | 50 | 2,228 |
| Laundry and sundry expenses | 1,195 | 1,451 |
| IT Support | 500 | – |
| Finance Officer | 1,560 | – |
| Project costs | 5,778 | – |
| ──────── | ──────── | |
| 78,398 | 79,828 | |
| ──────── | ──────── | |
| Expenditure on charitable activities | ||
| Accountancy fees | 1,546 | 1,042 |
| ─────── | ─────── | |
| ──────── | ──────── | |
| Total expenditure | 79,944 | 80,870 |
| ════════ | ════════ | |
| ──────── | ──────── | |
| Net income | 3,465 | 10,343 |
| ════════ | ════════ |
16
2024-09-24
ye 2023 final accounts
Final Audit Report
Created: 2024-09-09 By: Claire Spurrell (claire@jfstorbitt.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAYjNwXV1MAVFGXsVVJIUFsbxShNctglEC
"ye 2023 final accounts" History
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Agreement completed.
2024-09-24 - 8:19:31 AM GMT