## ## ## ## ## ## ## Registe￿0 Chartty Trumber.. 1160081 SWALWELL COMMUN￿ ASSOCIATION CIO DIREcfoR'S REPORT AND VNAUOITED FINAPICIAL STATEME1￿S POR THE YEAR ENDED 31 DECEMBER 2023 4TyllÈVitw Nvwcaxieuwn Ty NE15 8DE Svrnlwell Communlty Asstioatioth CIO Pag• Charity Infomiatyon Trustee'5 RepJrt Actt*untsnVs Report Profft arxl Loss Account eabnce Sheet Notes to the Statsments The following pages ¢Jo not fom) part ol the statsrtory ￿c￿￿rtS. Trndlng Profit and Loss A(ttyJnt Sw•lwell Community AwaJt•on CIO For Th• Y•ar fftd￿ 31 Doc•mb•r X123 coM￿nY Numb•r Committe•l Trusttt 1160081 Gary MLX)rhead (Chair. appointed 26111120201 aaye Han16e (Tyeasurer. apwintej 2210712022) Chnstopl*r Ord (Trustee. apwirted 26111120201 Sonyo Howkins ￿ruStee, appointed 21m1120151 Davhj ￿rphY (fru5teet ￿p￿inted 2110112015) Pder (Trystee. appoirtd 2110112015) 74 0avenNJ Road Swafftll Newcasue Upon Tyr Tyne and Wear NE16 JEX Brnwn, ma￿ ar*1 8owmon Ltd CPAA 4 Tyre V￿￿ Ne￿￿Stte Upon Tyr NE15 8DE Prfthdp•l Addrws At¢4)urta￿ts nk• Uoyds Bank Pk Whlckham Front Street Newcas￿ Uron Ty NE16 4DS Company No. 1160081 T￿￿t••.% R•port For The Year Ended 31 l>¢¢•h￿r 2023 The dirfftcr presents hys feport and the fina￿1 statements lor the year er¥1&131 DecernbEr 2023. Structurei Gov•rnance and Mana9•ment Swalwell Comrnunity A￿0cla￿On became a charitsble IncoryM)Wated oryanis)bon (CIO) on 22 January 2015 uTrJer its conststution registered with the Chority Commission on that day. The charlty aims to mainlain ts funcbons by recruibn9 bcol peop￿ and othef appropriate IndIV￿uals frTrm the kKality who hove necessary skilLs knowwe ts monitor the financl31 p0s￿On of the charfty, and to make necessary pr[)VI5￿Tr of aCCOrnrn¢>Jatv)n to the cornmunlty. The recrultment of rbew Tru*ees is a matter for Board of TfUStee5, aTrJ when V￿anc*S ar&e. In nutnber5 or skill coverage, the Chalrman wlll be a9ked to app￿h suitsble caTrJidates from the cornbined contscts (* 311 current Trustees. Such ppointrnents will bear in miTrJ the need to have kTh)￿￿O9e of the area, an uThlerstsTrJir#J of aTrJ empathy wlth the Chbr￿ètsle Sector, coupled with a genefal recC9n￿On of the needs of thÈ cornmunty. Other than a5 rKJted in the finarKial rev*w. none of the TTU5tee$ are entitled to, rnr recelvoj, ary reMunera￿On for th*r servltes to thÈ £￿ty during the year. Obj•ctI￿* and ActMtl•s The charftsble oblettives of the CIO are: To Improve the condition5 of lrfe of the Inhobltants Lrf the kxal area wlthout dtsUnctk*n of sex, Sexual orientsuon, agei dlsablllty, nètK)nality. or of politycol, rell9lou5 or other ownlons. by assoclating together In a Common effort to odvaKe educath)n and to provide facllrt*s in the interests 01 welfare, recreaOon and leisure. To secure the estab16hment of a community centre aTrJ to mwntsin ond manage that Cen￿ (whether or in co- operation with any statutory authority or ott*r peryon or bc#Jy) in furtherarKe of the objethves. To Pfomote other chariiable wrp)se5 a5 moy Irom bme to b.me be deternilned by the Trustees. Dudng the year the cornmunty ￿ntre was made aVaIlab￿ lor variou5 comrnunty ociivlties such as danclng clubs. fl￿e$S clubs, sports club5, n￿￿re clubs, history clubs. fund rablNJ as well a5 hosbrg coffee mrnings and bingo in the aftemoons. The trustees have had regard to the guidaKe ISSI￿d to Ch)rty Commiwon on publK benefrt. Ath1￿•m*D￿ and P•rfomi•fft¢• Durlng the perh)d to 3111212023. Ihe charity str￿e0 to tontlnue the improvements to the outstyje of the community centre to make t Safer and rnore accesslble to chlldren. L•st yw a declirbEd area was created, aTrJ a fence erected. Th55 year, deckSng h)$ been Installed and pknic tab￿$ have betn Introduced trj tl* outS￿e Jre• to make it accesslble and usable for the benenclaries of t chartty. The continued Improvement of the centre Ls only m•Je a¢hlev)ble by dedtated volunteers and bcal commuThlty support. Wlthln the year, the perfcffj￿r￿e ol the centre has contlNed to IrKTease. the bath room 4$ rented regularly to the Prfncess Trust who work with youn9 adults tetween 16-25 to teach them Irf¢ skllls. In *ldttion. the community centre 15 hired out rn05t days for Yoga. S)Isa danclng, tsne Da￿￿9* Tappy Toes, Stsy 'N' Play. Rabbts and Budgles aub s11mm￿9 Workl. R•••rvu Pollcy The trustees have agreed thèt the assodatbn S￿*y￿￿ m•lNtsin a rnlnlmum ￿Ve1 of re5eryes suff￿eftt to cover )11 operatlng costs for t least 6 FrK>nths. The Trustees wogntse the Cont1￿011¥ Invest fuThJ5 Into the molntenan￿ ar￿ Improvement Of the Cornmunlty Centre and facllw. Sfflall C￿rIty Aul•• Thls report ho5 been preporoj In Kcordance *lth the $ped•l rekiiir¥J to charft*s subject c￿rItIeS SORP IFA$ 1021 guldellnes. y order of the boèvd 1010512024 valwell C4xnmunity Assoo•ts•n CIO AC￿￿nIort's Report For The Ye•r Ended 31 Dec•mber 2023 Tre financial ststements comprise the ReceiOS Payments Accwnt. the Stoterrvrt of Assets and Liabl1￿leS and the Note5 to the Total re￿Ipts in the year amwnted to £28,022. Most of t1￿ receipts relate to Govern￿￿nt grants and restrirted fundiw received whlch amounted to £10.977. At the eTrJ of ￿ Fer￿ thk5 resirKW funding had been swcessfully spent on the Items speclfled In the fundlng cil￿a. These 9rants addI￿r￿1 receipts have stsp￿rted the or¥JoiTh3 operating (osts of the centre and SUPFQrted the dellvery of athV￿$ to the ￿￿eT￿larIt$ of the certre. There have been some Items to Tr)te thls year in shjnfficant expeTrJltvre on maintenance of the centre, these IncludiThJ repairs to the roof of £1,500 and IrStalk￿0rts1ImprnVe￿nts to the outside aw, IrKludlng but rnt Ilrnlied to fenclry decking ond tables of £3,B50. A￿d￿'Onal expendrture items in the year an￿nted to El8.634. whth contdbuted to overheads and the delivery of Charitab￿ )cUvit*s. Overall, the ￿51t￿n of the CIO at the year ended 31rt Decernter 2023 wa5 a defitrt 01 É3.476. The trustee5 recognlse the need for continued Improvement of centre however. Whkh Is why tQUght forward u￿￿tritted reserves have been allouted to Improve the extedor of the eentre wthln the year. TNS wlll to the CIO bdng a greater asset to the bxal cornmunty In years ¢0 corne. The CIO has erwed the serv1￿5 of Brrywn, Mèrth •ThJ Bowwn Ltd. an Independent of rKcountants to enwre contknued onnual rekxsrtlng compllance. We have ￿t been I[￿trUcted to carry out afi aLxIIt ¢>f tt* ftnandal statements. For this reason, we have not vedfled the rKcurory or ompleteness of the rKcountsng recoryls or Information explanatior6 you have 9iven ttl us atN1 we do rKst, therefore, expres5 any oplnlon on the flnonclal 5totements. Slgned 1010512024 rown, March aTrJ 8owman Ltsl CPAA 4 Tyne Vlew N¢wcastte LIFon Tyne ME15 8DE Sw•lwell Community Associ•tlon CIO For The Year Ended 31 De¢ernlKr 2023 2023 2022 niRNOVER Cost of sales 28.022 17,514 ) 38,750 {3.267 ) GROSS PROFIT 20.508 35,483 (21.3641 Adrninistrative expenses 123.984 1 OPERATING (LOSS}IPROF￿ AND ILOSSVPROFIT FOR THE FIPWKIAL YEAR 13,476 ) 14,119 The notes on P￿e5 6 to 7 fom wt of these finandal statements. Swalwell Community Assoo•11•)n CIO Balance Sheet AS At 31 December 2023 2023 2022 Not•s FIXED ASSETS Tangible A55ets 2,215 2,616 1215 2,616 CURRENT ASSETS Stock5 Debtors Cash at bank In haTh1 25 822 60.025 25 1,367 6:,830 60072 {1,621 ) 63.222 Itor•: Amoufits Falllftg Du• Wlthln On• Y￿r (8•6 ) NEf CURAEpif ASSETS {LTABILfriES) 59.251 61326 TOTAL ASSiTS LESS CURRENT LIABILMES 61.466 64,942 Ef ASSETS élh66 64,942 Proflt aThJ Los5 A¢£¢￿Tht 61,466 64,942 CHARITY. PIJNOS 61,406 64.942 Bought Forward Fu*ds recelved In Year Funds Spent In Year B)lar￿¢ )t 31¥ Decernber 2023 £64,943 £17,OM £20,521 £61.466 £64.943 E28.021 £31.498 É61,466 É10.977 É10,977 £0 Restricted 61,466 For the year endlng 31 December 2023 entity w45 e￿tled to exempuon from ￿dIt vThJer secbon 477 of the Companles Art 2006 rela￿rfj to 5rnall companles. The mernber has not rwuired efitity to obtain •n Jud￿ In accordèrKe wth secbon 476 cl the Cornp)nles Att 2006. The trustee5 ackn0v1￿dge thw'r re5pDn5*ililie5 for cf Ireland" aTrJ the Componles Act 2006. 1.2. Tumo¥•r Tumover Is meèsured at the tsir ¥6lue of the COr6￿erat￿Jn veteived or receN0b￿, Thet of dlscounts and value added tsxe5. Turnover IrKludes revenue eameil frorn the sale of go¢)Js and from the ￿r￿je￿n9 of servtes. TurrKsver Is ￿duced for esb"moted CU5tomv retltrrns, rebates ar#1 other simllar al￿￿OrKe5. Sal• of 991 Turnover from the sale of goods is recc4Jnfj5ed wl*n rhe svjnfficant risks rewawds of ¢>wnÈr5hip of the goojs ha5 trnnsferred to the buyer. This i% Usually at the polnt that the Customer ha5 s￿ned for the dellvery of the goc*J5. R•nd•rkng of Mr¥lc•B Tumover frorn the rertderfng of ser¥kes is reco9ntsed by refeW1￿ to the Stsge of Complet￿ of the contr¥t. The stsge cl completion of o contrrKt s rneastsred ty com￿ring the costs or￿￿1red for work perforrned to dote to the total estlmated contrèct Costs. Tumover is only to ￿ extenl of recovernb* expe￿ wl*n the outcome of a contract cannot be estimated rellèblv. 1.3. T•nylbl* Flx•d A•Mts and 0•pr•d￿0￿ Tanglble flxed assets ore measured at cost less •ccumulated dekyeciatlon any xuJmuk*d Impolrment losses. Dep￿CIatIOn Is provlded at rate5 calculated to wrlte off the cott of the fixed assets. less thelr estlmated resldual value, over thelr experted seful Ilves on the folknwlng base5'. Plant & MKhinery Computer Eoulpment 25% R8 20% SL 1.4. Stock• •nd Work In Progr• Stocks and work In prt4re55 are valved at the kjwer of c05t aThJ net realLsalAe value after maklry due allowarKe for obsolete g4nd slow-movlw stock$. Cost OrKl￿deS all dlrect costs and Jn approprkite pror#Ntlon ol fixed ¥)rlable o¥erhEads. Work.In- progress Is re1￿Cted In the accounts on a contrart by contract basls by recordlThJ ar￿ rdèted costs as contrnct artlvlty pro9resses. 2. T•ngSbl• AM•1• Plant Comput•r M•thSn•ry tgulpm•nt Total Co•t As at l Januory 2023 Addltions 3,774 399 4,714 399 As at 31 December 2023 4,173 940 5,113 D•pr•¢l•iion s at l January 2023 Provkled durln9 the perlod 1.722 612 376 188 2,098 800 As •t 31 December 2023 2.334 564 2,898 .CONTINUED Swalwell Community A560c4ation CIO H•tes to the Financ•al Ststements (c•ntinued) For The Ye•r Ended 31 Dff¢mber 2023 N•t Botsk Valu• A5 at 31 December 2023 1,839 376 2,215 As at l January 2023 2.052 $64 2,616 5. Stocks 2023 2022 MatedaLs 25 25 fj. D•btor• 2023 2021 Ou• wSthln on• y•pr Other debto 822 1,367 7. CT•dltor•: Amoun1• Falllng Du• Wlthln On• Yur 2023 2022 Trade credltors Other credltors 1.621 895 1,621 896 . Sh•r• C4plt•l Swalw¢ll C•rnmunity A55ociation CIO Tr•ding Profft and Loss A¢{￿rt For The Year Ended 31 De￿mtser 2023 2023 2022 TURNOVER Centre Hire Canteen Income Fund Ra15111g 11.764 997 6,480 191 696 GMBC Grants and subsklles received IUnre5trktedl 10.977 31,383 28,022 38,750 COST OF SALES Purchases Canteen/Food Expertses Wo5te di5posoI Consuttaw lees 987 S.252 1.107 403 2,864 17,5141 13,267 ) GROSS PROFTT 20.506 35,483 Admlnl*tratl¥• Exp•nM• Ljght and heat Water rates Repalrs and malnten)nce Cleanlng Computer and IT consumab￿9 Insurante PrlntlNJ, postage statlonery Telecommunk)tlor4 Accountary fees Subscrtptk*rys Depreclatbn of plant and rnxhl￿ry Depreclatk)n of cornputer equlpment Sundry exFer 7,320 1,414 7,534 4,026 4,635 1.290 2.434 3.442 6,178 602 153 524 720 413 684 188 ioi 725 372 593 720 434 613 45 123,984 ) 121.3641 OPEKATING ILOSSIIPROFIT ILOSSVPROFTf FOR THE nNANCLAL YEAR {3,476 1 14,119 Registe￿0 Chartty Trumber.. 1160081 SWALWELL COMMUN￿ ASSOCIATION CIO DIREcfoR'S REPORT AND VNAUOITED FINAPICIAL STATEME1￿S POR THE YEAR ENDED 31 DECEMBER 2023 4TyllÈVitw Nvwcaxieuwn Ty NE15 8DE Svrnlwell Communlty Asstioatioth CIO Pag• Charity Infomiatyon Trustee'5 RepJrt Actt*untsnVs Report Profft arxl Loss Account eabnce Sheet Notes to the Statsments The following pages ¢Jo not fom) part ol the statsrtory ￿c￿￿rtS. Trndlng Profit and Loss A(ttyJnt Sw•lwell Community AwaJt•on CIO For Th• Y•ar fftd￿ 31 Doc•mb•r X123 coM￿nY Numb•r Committe•l Trusttt 1160081 Gary MLX)rhead (Chair. appointed 26111120201 aaye Han16e (Tyeasurer. apwintej 2210712022) Chnstopl*r Ord (Trustee. apwirted 26111120201 Sonyo Howkins ￿ruStee, appointed 21m1120151 Davhj ￿rphY (fru5teet ￿p￿inted 2110112015) Pder (Trystee. appoirtd 2110112015) 74 0avenNJ Road Swafftll Newcasue Upon Tyr Tyne and Wear NE16 JEX Brnwn, ma￿ ar*1 8owmon Ltd CPAA 4 Tyre V￿￿ Ne￿￿Stte Upon Tyr NE15 8DE Prfthdp•l Addrws At¢4)urta￿ts nk• Uoyds Bank Pk Whlckham Front Street Newcas￿ Uron Ty NE16 4DS Company No. 1160081 T￿￿t••.% R•port For The Year Ended 31 l>¢¢•h￿r 2023 The dirfftcr presents hys feport and the fina￿1 statements lor the year er¥1&131 DecernbEr 2023. Structurei Gov•rnance and Mana9•ment Swalwell Comrnunity A￿0cla￿On became a charitsble IncoryM)Wated oryanis)bon (CIO) on 22 January 2015 uTrJer its conststution registered with the Chority Commission on that day. The charlty aims to mainlain ts funcbons by recruibn9 bcol peop￿ and othef appropriate IndIV￿uals frTrm the kKality who hove necessary skilLs knowwe ts monitor the financl31 p0s￿On of the charfty, and to make necessary pr[)VI5￿Tr of aCCOrnrn¢>Jatv)n to the cornmunlty. The recrultment of rbew Tru*ees is a matter for Board of TfUStee5, aTrJ when V￿anc*S ar&e. In nutnber5 or skill coverage, the Chalrman wlll be a9ked to app￿h suitsble caTrJidates from the cornbined contscts (* 311 current Trustees. Such ppointrnents will bear in miTrJ the need to have kTh)￿￿O9e of the area, an uThlerstsTrJir#J of aTrJ empathy wlth the Chbr￿ètsle Sector, coupled with a genefal recC9n￿On of the needs of thÈ cornmunty. Other than a5 rKJted in the finarKial rev*w. none of the TTU5tee$ are entitled to, rnr recelvoj, ary reMunera￿On for th*r servltes to thÈ £￿ty during the year. Obj•ctI￿* and ActMtl•s The charftsble oblettives of the CIO are: To Improve the condition5 of lrfe of the Inhobltants Lrf the kxal area wlthout dtsUnctk*n of sex, Sexual orientsuon, agei dlsablllty, nètK)nality. or of politycol, rell9lou5 or other ownlons. by assoclating together In a Common effort to odvaKe educath)n and to provide facllrt*s in the interests 01 welfare, recreaOon and leisure. To secure the estab16hment of a community centre aTrJ to mwntsin ond manage that Cen￿ (whether or in co- operation with any statutory authority or ott*r peryon or bc#Jy) in furtherarKe of the objethves. To Pfomote other chariiable wrp)se5 a5 moy Irom bme to b.me be deternilned by the Trustees. Dudng the year the cornmunty ￿ntre was made aVaIlab￿ lor variou5 comrnunty ociivlties such as danclng clubs. fl￿e$S clubs, sports club5, n￿￿re clubs, history clubs. fund rablNJ as well a5 hosbrg coffee mrnings and bingo in the aftemoons. The trustees have had regard to the guidaKe ISSI￿d to Ch)rty Commiwon on publK benefrt. Ath1￿•m*D￿ and P•rfomi•fft¢• Durlng the perh)d to 3111212023. Ihe charity str￿e0 to tontlnue the improvements to the outstyje of the community centre to make t Safer and rnore accesslble to chlldren. L•st yw a declirbEd area was created, aTrJ a fence erected. Th55 year, deckSng h)$ been Installed and pknic tab￿$ have betn Introduced trj tl* outS￿e Jre• to make it accesslble and usable for the benenclaries of t chartty. The continued Improvement of the centre Ls only m•Je a¢hlev)ble by dedtated volunteers and bcal commuThlty support. Wlthln the year, the perfcffj￿r￿e ol the centre has contlNed to IrKTease. the bath room 4$ rented regularly to the Prfncess Trust who work with youn9 adults tetween 16-25 to teach them Irf¢ skllls. In *ldttion. the community centre 15 hired out rn05t days for Yoga. S)Isa danclng, tsne Da￿￿9* Tappy Toes, Stsy 'N' Play. Rabbts and Budgles aub s11mm￿9 Workl. R•••rvu Pollcy The trustees have agreed thèt the assodatbn S￿*y￿￿ m•lNtsin a rnlnlmum ￿Ve1 of re5eryes suff￿eftt to cover )11 operatlng costs for t least 6 FrK>nths. The Trustees wogntse the Cont1￿011¥ Invest fuThJ5 Into the molntenan￿ ar￿ Improvement Of the Cornmunlty Centre and facllw. Sfflall C￿rIty Aul•• Thls report ho5 been preporoj In Kcordance *lth the $ped•l rekiiir¥J to charft*s subject c￿rItIeS SORP IFA$ 1021 guldellnes. y order of the boèvd 1010512024 valwell C4xnmunity Assoo•ts•n CIO AC￿￿nIort's Report For The Ye•r Ended 31 Dec•mber 2023 Tre financial ststements comprise the ReceiOS Payments Accwnt. the Stoterrvrt of Assets and Liabl1￿leS and the Note5 to the Total re￿Ipts in the year amwnted to £28,022. Most of t1￿ receipts relate to Govern￿￿nt grants and restrirted fundiw received whlch amounted to £10.977. At the eTrJ of ￿ Fer￿ thk5 resirKW funding had been swcessfully spent on the Items speclfled In the fundlng cil￿a. These 9rants addI￿r￿1 receipts have stsp￿rted the or¥JoiTh3 operating (osts of the centre and SUPFQrted the dellvery of athV￿$ to the ￿￿eT￿larIt$ of the certre. There have been some Items to Tr)te thls year in shjnfficant expeTrJltvre on maintenance of the centre, these IncludiThJ repairs to the roof of £1,500 and IrStalk￿0rts1ImprnVe￿nts to the outside aw, IrKludlng but rnt Ilrnlied to fenclry decking ond tables of £3,B50. A￿d￿'Onal expendrture items in the year an￿nted to El8.634. whth contdbuted to overheads and the delivery of Charitab￿ )cUvit*s. Overall, the ￿51t￿n of the CIO at the year ended 31rt Decernter 2023 wa5 a defitrt 01 É3.476. The trustee5 recognlse the need for continued Improvement of centre however. Whkh Is why tQUght forward u￿￿tritted reserves have been allouted to Improve the extedor of the eentre wthln the year. TNS wlll to the CIO bdng a greater asset to the bxal cornmunty In years ¢0 corne. The CIO has erwed the serv1￿5 of Brrywn, Mèrth •ThJ Bowwn Ltd. an Independent of rKcountants to enwre contknued onnual rekxsrtlng compllance. We have ￿t been I[￿trUcted to carry out afi aLxIIt ¢>f tt* ftnandal statements. For this reason, we have not vedfled the rKcurory or ompleteness of the rKcountsng recoryls or Information explanatior6 you have 9iven ttl us atN1 we do rKst, therefore, expres5 any oplnlon on the flnonclal 5totements. Slgned 1010512024 rown, March aTrJ 8owman Ltsl CPAA 4 Tyne Vlew N¢wcastte LIFon Tyne ME15 8DE Sw•lwell Community Associ•tlon CIO For The Year Ended 31 De¢ernlKr 2023 2023 2022 niRNOVER Cost of sales 28.022 17,514 ) 38,750 {3.267 ) GROSS PROFIT 20.508 35,483 (21.3641 Adrninistrative expenses 123.984 1 OPERATING (LOSS}IPROF￿ AND ILOSSVPROFIT FOR THE FIPWKIAL YEAR 13,476 ) 14,119 The notes on P￿e5 6 to 7 fom wt of these finandal statements. Swalwell Community Assoo•11•)n CIO Balance Sheet AS At 31 December 2023 2023 2022 Not•s FIXED ASSETS Tangible A55ets 2,215 2,616 1215 2,616 CURRENT ASSETS Stock5 Debtors Cash at bank In haTh1 25 822 60.025 25 1,367 6:,830 60072 {1,621 ) 63.222 Itor•: Amoufits Falllftg Du• Wlthln On• Y￿r (8•6 ) NEf CURAEpif ASSETS {LTABILfriES) 59.251 61326 TOTAL ASSiTS LESS CURRENT LIABILMES 61.466 64,942 Ef ASSETS élh66 64,942 Proflt aThJ Los5 A¢£¢￿Tht 61,466 64,942 CHARITY. PIJNOS 61,406 64.942 Bought Forward Fu*ds recelved In Year Funds Spent In Year B)lar￿¢ )t 31¥ Decernber 2023 £64,943 £17,OM £20,521 £61.466 £64.943 E28.021 £31.498 É61,466 É10.977 É10,977 £0 Restricted 61,466 For the year endlng 31 December 2023 entity w45 e￿tled to exempuon from ￿dIt vThJer secbon 477 of the Companles Art 2006 rela￿rfj to 5rnall companles. The mernber has not rwuired efitity to obtain •n Jud￿ In accordèrKe wth secbon 476 cl the Cornp)nles Att 2006. The trustee5 ackn0v1￿dge thw'r re5pDn5*ililie5 for cf Ireland" aTrJ the Componles Act 2006. 1.2. Tumo¥•r Tumover Is meèsured at the tsir ¥6lue of the COr6￿erat￿Jn veteived or receN0b￿, Thet of dlscounts and value added tsxe5. Turnover IrKludes revenue eameil frorn the sale of go¢)Js and from the ￿r￿je￿n9 of servtes. TurrKsver Is ￿duced for esb"moted CU5tomv retltrrns, rebates ar#1 other simllar al￿￿OrKe5. Sal• of 991 Turnover from the sale of goods is recc4Jnfj5ed wl*n rhe svjnfficant risks rewawds of ¢>wnÈr5hip of the goojs ha5 trnnsferred to the buyer. This i% Usually at the polnt that the Customer ha5 s￿ned for the dellvery of the goc*J5. R•nd•rkng of Mr¥lc•B Tumover frorn the rertderfng of ser¥kes is reco9ntsed by refeW1￿ to the Stsge of Complet￿ of the contr¥t. The stsge cl completion of o contrrKt s rneastsred ty com￿ring the costs or￿￿1red for work perforrned to dote to the total estlmated contrèct Costs. Tumover is only to ￿ extenl of recovernb* expe￿ wl*n the outcome of a contract cannot be estimated rellèblv. 1.3. T•nylbl* Flx•d A•Mts and 0•pr•d￿0￿ Tanglble flxed assets ore measured at cost less •ccumulated dekyeciatlon any xuJmuk*d Impolrment losses. Dep￿CIatIOn Is provlded at rate5 calculated to wrlte off the cott of the fixed assets. less thelr estlmated resldual value, over thelr experted seful Ilves on the folknwlng base5'. Plant & MKhinery Computer Eoulpment 25% R8 20% SL 1.4. Stock• •nd Work In Progr• Stocks and work In prt4re55 are valved at the kjwer of c05t aThJ net realLsalAe value after maklry due allowarKe for obsolete g4nd slow-movlw stock$. Cost OrKl￿deS all dlrect costs and Jn approprkite pror#Ntlon ol fixed ¥)rlable o¥erhEads. Work.In- progress Is re1￿Cted In the accounts on a contrart by contract basls by recordlThJ ar￿ rdèted costs as contrnct artlvlty pro9resses. 2. T•ngSbl• AM•1• Plant Comput•r M•thSn•ry tgulpm•nt Total Co•t As at l Januory 2023 Addltions 3,774 399 4,714 399 As at 31 December 2023 4,173 940 5,113 D•pr•¢l•iion s at l January 2023 Provkled durln9 the perlod 1.722 612 376 188 2,098 800 As •t 31 December 2023 2.334 564 2,898 .CONTINUED Swalwell Community A560c4ation CIO H•tes to the Financ•al Ststements (c•ntinued) For The Ye•r Ended 31 Dff¢mber 2023 N•t Botsk Valu• A5 at 31 December 2023 1,839 376 2,215 As at l January 2023 2.052 $64 2,616 5. Stocks 2023 2022 MatedaLs 25 25 fj. D•btor• 2023 2021 Ou• wSthln on• y•pr Other debto 822 1,367 7. CT•dltor•: Amoun1• Falllng Du• Wlthln On• Yur 2023 2022 Trade credltors Other credltors 1.621 895 1,621 896 . Sh•r• C4plt•l Swalw¢ll C•rnmunity A55ociation CIO Tr•ding Profft and Loss A¢{￿rt For The Year Ended 31 De￿mtser 2023 2023 2022 TURNOVER Centre Hire Canteen Income Fund Ra15111g 11.764 997 6,480 191 696 GMBC Grants and subsklles received IUnre5trktedl 10.977 31,383 28,022 38,750 COST OF SALES Purchases Canteen/Food Expertses Wo5te di5posoI Consuttaw lees 987 S.252 1.107 403 2,864 17,5141 13,267 ) GROSS PROFTT 20.506 35,483 Admlnl*tratl¥• Exp•nM• Ljght and heat Water rates Repalrs and malnten)nce Cleanlng Computer and IT consumab￿9 Insurante PrlntlNJ, postage statlonery Telecommunk)tlor4 Accountary fees Subscrtptk*rys Depreclatbn of plant and rnxhl￿ry Depreclatk)n of cornputer equlpment Sundry exFer 7,320 1,414 7,534 4,026 4,635 1.290 2.434 3.442 6,178 602 153 524 720 413 684 188 ioi 725 372 593 720 434 613 45 123,984 ) 121.3641 OPEKATING ILOSSIIPROFIT ILOSSVPROFTf FOR THE nNANCLAL YEAR {3,476 1 14,119