Charity Registration No. 1162716 Company registration No. 08489974 TIPTON COMMUNITY AssoaATION UMITED ANNUAL REPORT AND UNAUDITED FINANaAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
TIPTON COMMUNITY ASSOCIATION UMITED LEGAL AND ADMINisfRATIVE INFORMATION Trustees Mr P Allen Mr P Richards Ireslgned 20 February 2024} Secretsry Mr P Allen Charfty Numb•r 1162716 Company Number 08489974 Reihtered oince Brook Street Communlty Centre Brook Street ripton West Midlands DY4 9DD Independent Examlner Bytheway & Co Accountants Heame House 23 Bilston Street Sedgley Dudlev West Midlands DY3 IJA
TIPTON COMMUNITY ASSOCIATION UMITED CONTENT5 Page Trustees report Independent Examlners Report ststement of Flnandal Actlvltles Balance Sheet Notes to the Flnanclal Statements 6-12
TIPTON COMMUNITY ASSOCIATION UMtTED TRUSTEES REPORT Iir4CLUDING Dlrertors. report) FOR THE YEAR ENDED 31 MARCH 2024 The trustee5 present their report and financial statements forthe year eTrrtl 31 Marth 2024. The account5 have been yepared irt accordance with the acc¢yJnting pJlKies set out in Notel of the accounts and comply with the Charity's comrnis5ionets, the Companies Art 2C(6 and the Staternènt of Recornrnended Practe,"A£C0Unt1ft8 and RenIng by Charitie5",155ued In March 21x15. ObJ•cifv•s and •rtl¥ttles The maln objectives of the Chartty areto stture, malntsln andfurther de4eb)p the facillty current known as Brook Street ComMunY Centre in Tipton. and also to or8anise events and functions to Improve the quallty of life for the inhabitant5 of fipton and the neighbourhcrfjd and to advance the education of the public in the Idsure artiviti¢5 available within the arej. To further benefft the resSdents of Thpton In the metropolltan borough ol Sandwell, West Midlands and the neSghbourhood wlthout dlstraction of sex, sexual Orientatn, rate or of political. reli8ious or other oplnions by as$ocSatin8 tO8ether the said ldefits and the local 8hOrItIeS, voluntary and other or8)nisatlons In a common eff¢)rt to advance educatlon and to provide le$ In the interest of s¢xlal welfare for recreatlon and lelsure tSme occupatk)n wlth the objt£llve of impn the conditions of life for the sIdents. The stated oblertlves wlll achieve the longer term stratey of the Charfty. The Trv5tees hwe pald due Tegardto Buldance Issued by the Charfty Commlssth In decldln8 what prtivitie5 the Charity should undertake. In addtlon to developSn8 aCtiwti& and soclal wdfare serylces Ix*th * and frorn the Communlty Centre. the Charity has undertaken many major events whlch Include the annual Santa's Slei8h tour and other 8eneral attlvltles. The Management Committee and othervolunteers donate thelrtlmefree of charge to the Chodty Jnd the Trustees wSsh to place on record theIr1han and appreclaiion for thelr efforts. Achl•vern•nts and performance The ma¢n event durin8 the yearwas Santa's Slelgh whlth wa5 albwed to eo ahead alontwith other Christmas event5 takin8 place wlth soclal distancin8. Flnandal Revlew The Trustees are mlndful that the has been a surplus in funds durin8theyear due to recelpts of govemrnent grants exceedin8 expenditures which was lower due to the pandemlc. TheTrustÈes wlll contlnue to revlew activlties In the current year In orderto have sufficlent fvndlng levds to conilnue wlth thè pro8ress that has alfeady been achle¥èd.
TIPTON COMMUNrrY ASSOCIATION LIMITED TRUSTEES REPORT IINCLUOING (Xrecttxs, repwt) Contlnwd FOR THE YEAR ENDEO 31 MARCH 2024 It Is the pollcy of ihe Charhythat unrestrirted fund5 which have not been designated fora specrflc use shauld be maintained at a level equivalent to between three and six months expeTrditu¥e. Althou8h the level of reserves have fallen thls year. the Trustees are fulty cLrnitted to maintainin8 adequate levels of reserves In ihe forthcomlng pÈrK>d. Each year, the Trustees cary out a rtsk assessment, UFon the actfvrtles undertaken In order to safeguard the assets of the Charity. The trustees intend to wew the assessment each year in orderto maintain the effectiveness of any measures implemented as a result of the assessment. The trustee5 Intend to contlnue to athance the princlpal aims of th• crity and explore aematIN avenues In ordef to achleve further pr5 In the fU. Structure, Kovtmance and mina8ement The Charity is a tompany limited by 8uarantee. The Trustee5. who are also dlrectors for the purpose of company law. and who ser¥ed dudng the year nd up to the date of signature of the financial atnents were- Mr P Allen None of the Trustees has ¥ny bentlltial Interest in the comparty. All of thTrustees are members of the mpany and 8uarartee to contrtbute £1 In th e¥ent ol • wlndln8-UP. The or8anlsatlonal structure w511 beof standard reglstrSon of other ch•rltles. The CharRy malfitalns Ilnks and works wkh any and all partles wlK> ha¥e an Interest In the furthernnce of Its charltable objettlves. The Trustees report Was approved by the Board of Trustees on 14 October 2025. Mr P Allen Trustee i?
TIPTON COMMUNrrY AssoaATION UMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TIPTON commuNy ASSocON UMITED Independent Examlners Report to the tntstees of Tipton Q>mmunity Association Ltd. Thi5 report on the financial 5tstements of the Communlty Asswation for the year ended 31 March 2024 set out on the following pa8es is in respect of an examinatlon carrièd out in accordance with the requirements of the Companles Act 2(lJ6. Respertlve rwponslbllttle5 0fthe1n and the examln•f As membèrs you are respons5ble for the prep¥atlon of the finandal Swements; and con55der that the audit requirement of $144121 of the Charit$ Art 2011 (the Act) does not appty and that an Independent examSnatSon Ss neeiled. It Is my responslbilty to examine the accounts under s145 of thÈ Atl state on the basis ol procedurès specified in the General Dtrections given by the Charitles Commissioners under $14515llbl the ACL and state whether partltular mètters have come to my attèntlon. Basls ol Independent examlners. report My examinatlon was carried out Sn accordance with the General Direc15ons under $14515llbl of the Act. That examlnatlon Includes a revlew of a(£ountin8 methods kept by the Trustees and a comparfson ol the accounts presented with these records. It also Includes consideratlon of any unusual Items dlsclosures In the accounts, and seekin8 explanations from you as tnjstees concemln8 any Such matters. The proctdures undèrtaken do not provlde all the evidence that would be requlred In an aydlL and wnsequently no oplnlon is en as to whether the accLwnts prnt a Irue and falrvfj and the report15 Ilmlted to those matters set out in the 5taternerrt bel¢)w. Indqpendent examlnen, statement In connettlon wlth my examlnatlon, no matter has tome to my attentlon.. whith 8ives me reasonable cause to believe that in 3ny material respect, the requlrements.. to keep aceountlng rectxds in accordante with s130 of the Act: and to preparè attounts whlch accord wh the a¢¢ounfjng records and to comply with the accntine requirements of the Act and re8ulations have not been met. or to whith, In my opinlon, attention should be drawn In order to enable a proper Understandin8 01 the accounts to be reached. 121 Hèame House 23 Bllston Streèt Sedglev Dudley DY3 IJA
npTON COMMUNITY A550CIATION UMITED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestrirted Restrlrted Funds Funds 2024 Totsl Funds Totsl Funds 2023 Notes Income from: Donations and legacles Charltable activities Government grants 1,534 53,750 7,652 23,SCLI 25,034 53,750 7,652 15,000 63,574 4,501 Totsl Income 62,936 23.51X) 86.436 83,075 Resour¢e$ ¢xp¢nded Charitable activities 42,428 42,434 84,862 81,359 Total Expendlture 42,428 42,434 84,862 81,359 Total funds brought forward 17.9511 26.279 18,328 16.612 Net Income/{expendfturel for the year 20,508 118.934} 1.574 1,716 Total lunds carrled forward 12,557 7.345 19,902 18.328 The statement of financial actlvlties Includes all gains and losses reco8nlsed in the year. All income and expenditure derive from continuin8 activities. The statement of financial activities also complies with the requirements for an Income and expenditure account under the Companies Act 2C#)6.
TIPTON COMMUNrfY ASSOCIATI¢X UMfTED BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 Company P&). 08489974 2023 Flxed Assets Tafigible assets 2,720 Current AsMts Investments BSCC Tradln8 Ltd Cash 4t bank and In hand io 14.191 12.120 26,312 14.191 17.442 31.634 Credltors: amounts fallln8 due wlthln on• year li 19.1301 113,3C61 Net Current Assets 17,182 18,328 Totsl assets less curreni lbINde$ 17.182 18.328 Net Ass•ts 19.9)2 18.328 Funds of tht charlty Unrestrlcted Funds Restrlcted Funds 12,557 {7,9511 26.279 19,902 18,328 The charlty Is entltled to the exernptlon from the audlt requlrement contained in s477 olthe Companles Act 2C4)6, for the year enijed 31st March 2024. The trustees acknowled8e thèlr responslbllStiès for ensurlngthat the tharltykeeps attountlng records which comply with sertion 386 of the Act and for preparin8 the flnancial statements which give a true and fair view of the state of allairs of the company as at the end of the finaal year and of Its Incomln8 resources and application of resources. including Its income and expendlture, for the financlal year in accordance with the requirements of sertions 394 and 39S whh otherwise comply with the requirernents of the Crynpnies Act 2CKJ6 relating tofinarKvJl statements, so far as applicable to th• companv. The members hwe not required the company to obtsln an aLwJs1 of its financial stotements for the year in questSon in accDrdance wff(h settion 476. Thtseflnandal statements have betn prepared in accorthnce with the prothsions applic)ble to ornpanies sublect to the sm?11 companies re8lme. Theflnanclal statements were apwo¥ed by the Trustees on MrPAII - Trustee
TIPTON COMMUNttY ASSOCIATION UMifED NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 l A¢¢ounllng poll¢les Chaflty Infom110 ripton Communlty Association rnited is a prNate company limited byguarantee incorporated In England and Wales. The reglstered office ts Brook Street Community Centre, 8Took Street, Tipton DY4 9DD, Unlted Kln8di)m. 1.1 A¢¢ountlni (otMntlt)n Thè flnanclal statements have been prèpared in attordarice with the Charitys, goveming dotumeftt the Companies Act 2LK16 and "Accountlng antl Reporting by Charitles.. Ststement of Recommended Practice appllcable to charities preparing their accounts In accordan wlth the Flnancial Reporting standard appllcable In the UK and Republlc of Ireland IFRS 1021" las amended for accounting periods commencin8 from l January 20161. The Charity is a public Benefit Entity s defined by FAS 102. The tharity has taken advantage of the provisions In the Statement of Recommended Practice ISORPI for charities applyin8 FRS 102 updatè Bulletin I not to prepare a Statement ol Cash Flow. The financial statements are prepared in steTlin& whith is the functy'onal currency of thè Charlty. Monetary amounts In these finanual ststements ar* roundèd to thè nèarest E. The financial statemènts have been prepared underthe hlstorfcal cost conventlon. Th• prlnclpal accountiri8 wlicies are set out below. 1.2 Goln8 conc•m At the time of approvln8 the finan¢lal statements, theTrustees have a reasonable txpertatlon that the Charity has adequate resources to continue in operatlonal existènte for the 10$eeb1e future. Therefore the Trustees contlnue to adopt the 8olng concem basls ol acctyJntln8 In preparlng the finan¢lal statements. 1.3 Charltsble lunds Unrestrlcted funds are avallable for use at the dlscretion of the Trustets In furthèrance of their charrtable objectivès unless the funds have been desiznated for other purposes. RestrSrted funds are subject to speclflc condition5 by donors as to how they may be used. The purposes and uses of the restrlcted funds are set out In the notes to the financial statemen Endowment funds are sublett to spedfic condIOn5 by donors thatthe capltal must be malntsined by the Charity. 1.4 Incom1 ref¢eS Income is reco8ni5ed when the Charfty Is legalty entided to after any perfomance condltlons have been meL the amounts ean be measured reliabty. and it is probable that income will be received. Cash donations arè recognised on receipt. Otherdonatlons are recognised once the Charlty has been notthed of the donation. unless performance conditions require delerral of the amount. Income tax recoverable in relation to donatlons re¢elved under Glft or deeds ol tovenant Is reco8ntsed at the time of the donation. Legacies are recognised on receipt or otherwise rfthÈ Charity has been notified of an impendin8 distribution, the amwnt is known, and reIpt 15 expected. If the amount is not known. the legacv Is treated as a contingent asset
TIPTON COMMUNITY ASSOCIATION UMtrED NOTES TO THE FINANCIAL sfATEMEPllS Contlnued FOR THE YEAR ENDEO 31 MARCH 2024 1.4 IncomSng resources- contlnutd Turnover is measured at the falr dIue of the conslderation recefved or recervable and represents amounts receivable for goods and services provided in the normal course of business. net of dlscount, VATand other sales related tsxes. 1.5 Tanglble flxed assets Tangible fixed assets are Inttlalty measured at Cost and Subsequent measured at cost or valuation, net of depreclatlon and any impalmient10s5e5. Depreaation is reco8nlsed $0 as to write off the cost or valuation of assets less thelr resldual values over thelr useful Itves on the following basls: Plant #nd machlnery 15% Strnight Une The galn or loss arlsin8 on the disposal of an asset is determined as the difference between the sale proceeds and the carrylng value of the asset. and is rec¢ydnised In net incomelexpenditure for the year. 1.6 Impalmi•nt of Ilxed assets At each reporting end date, the Charfty reviews the carying amounts of Its tsnglble a4ets to determlne whether there is any Indlcatlon that those assets have suffered an Impalmient loss. If any such indication exists, the recoverable amount of the asset Is estimated in Order to determine the extent of the Impalrment105s lff any). Intsnglble a55ets with indefinlte useful Ibves and Inta11ble assets not yet avallable for use are tested for Impalrment annually,and whenever there Is an Indlutlon that the asset may be Impalred. 1.7 Cash and cash •qUI1•nts Cash and cash equlvalents Include cash In hat)d, deposlts held at call with banks, other Short term Ilquld Investments wlth orlBlnal MatutIeS of three months or le, and bank overdrafts. Bank overdrafts are shown with b)rrowings In current liabilltles. 1.8 Flnandal Instruments The Charity has elected to apply the provlslons of section 11 'Basic Financial Instruments. and section 12 '0ther Financial Instruments Issues" of FRS 102 to all its financial instruments. Financial instruments are recc£nised in the Charifys. balance sheet when the Charfty becomes party to the contrartual provlslons of the Instrument. Financlal a55ets and liabilities are offset, wtth the net amounts presented In the financlal statements, when there Is a legally enforceable rSght to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and sethe the liabilty simultaneouslv. Impalrment of financlal ass•ts Finaneial assets, other than those held at fair value thmugh Income and expendlture, are asse55ed for Indicators of impairment at each reporting date. Nnancial assets are impaired where there is objertive evidence that, as a result of one or more events that occurred after the inltlal recognltlon of the financial asset, the estimated futu cash flows have been affected.
TIPTON COMMUNrrY ASSOCIATION LIMITED NOTE5 TO THE FINANCIAL STATEMEP4TS Contlnue FOR THE YEAR ENDED 31 MARCH 2024 1.8 In¢0Ml resoUr- conthued If an asset is impaired the impairrnent tss is the thfferw between the canyin8 amtyJnt and the present value of the estimated cash flows dscounted at the assets orihal tflÈttivè InterÈst rate. The Impalrment Ic6s is ¥etO8ntsed in net lexpendltureifincome for the year. If there Is a decrease in the impairmefft loss arising from an e¥tnt occurring afterthe impaiment w reco8nised the impairment 15 reversed. The reveT5al Is Such that the current carrying amunt d(s not exceed what the carryln8 arnount would have been had the ImpalmieDi not prevlousty been retognlsed. The Impalm)ènt reversal Is recoenised In net lexpendlturelllncome for the year. Dw¢¢oinltlon gf ftnan(lal a55elS Flnanclal assets are derOgnISed oThly when the contrartual riihts to the tash flows from the asset explre, are settled, or when the Charlty transfers the financial assets and subsequently all the rlsks and rewards of ownershlp io ather entity. or if some significant r&ks and rewards of ownershlp are retalned but control of the asset has trnnsferrèd to another party that Is able to Sell the asset in its entlrety to an unr•lated ihlrd party. Baskflnanclal Il•blllt1•5 8a5ic financial liabilities, includln8 credltOf5 and bank loans are Inlally reco8nlsed at transJrtk)n prSce unless the arran8ement conStUle$ a flnanclal transaction, where the debi Insirument Is measured at thè present value of the futu payments dlscounted at a market rnte of Interest. FSnantial Ilabilities classed as pay4ble wlthln one year are amorti5ed. D¢bt Instruments are Subsequent carrbed at any)rtlseLI cost, U5in8 tht èfftttfve Interest rate method. Trnde credltw are obll8atlons to p¥yforg¢ods or seceS that have been acqulred In the ordlnary course of operatSons from suppllers. thounts payable are cl85sSfled as current Ilabilltles 41 payment Is due wlthln one year or les5. If not. they are presented as non cuNent liabilitles. Trade creditors are recognised Snitlally at transattion pdce and Subsequent measured at amortlsed cost usin8 the effectlve Interest method. D•rcoinltloD ollkn•nthl Ilabllltles Flnancial liabllltles are derwnlsed when the Ch#rltyS' tontractual ob1lgatl0 expire orare d15charged. 1.9 Empe beneffts The cost of any unused holldty entiilementls rKognised in the period In which the empployee'5 serceS are receivèd. Terrnimtion beneffts are retr&nised Immedlately as an expense when the Chadty ts denx>n5trablv ornmitted to termlnatethe ernployrnent of an emplLyee orto prnde termlnation beneflts.
TIPTON COMMUNITY ASSOCIATION UMITED NOTES TO THE FINANCIAL STATEMENTS Contlnued FOR THE YEAR ENDED 31 MARCH 2024 2024 Uniestrlrted Restflcted Funds Funds 2023 Total Totsl l Donatlon5 and leycles Donations and gifts 1,534 23.500 25,034 15,Cl)O 1,534 23.5(1 25.034 15,000 3. Inwrne from tharftable artlvltles Mlnlbus and photocopler Carnlval, canal festival, sants's slelgh 53,750 53,750 53,750 53,750 63,574 63,574 4. Government 8rants Grants 7,652 7.652 7,652 7.652 4,501 4,501 Totsl Income 62,936 23.5 86,436 83,075
TIPTON COMMUNITY ASSOCIATlOt4 UMtTED NOTESTO THE FINANOAL STATEMEpifs Contlnued FOR THEYEAR ENDED 31 MARCH 2024 2024 2023 Expenditure Total Total 5 Ch•rftsbl• adlvltles Projects Mini bus and photocopler Hlre and actlvities Events expenses Publlclty expenses 1,982 12,908 369 175 18.934 23,500 42,434 1,982 12,908 3,869 175 18,934 65,928 84,862 1,985 9,194 3,631 114 14.924 66,435 81,359 Share ol 8ovemarte ¢osts note 6 42.428 42.428 2024 2023 Funds Totsl Total 6 Support ¢wts Staff costs Depreciation Rates Insurance Light and heat Repalrs and malntenance Pogtège and stationery Telephone Sundry expenses AccountanLry 23.50) 24,786 48.286 53,882 954 613 1,845 2.619 2,740 676 895 771 992 1,317 5,355 3,938 992 1,317 5,355 3,938 1,495 1,501 1,495 1,501 1.680 23.500 42,428 65,928 66,435 Analysed between Charitsble activities 23,5 42,428 65,928 66,435 7 Trustees None of the trustees lor any persons connected with them) 1ved any remuneratlon durfng the year. io
TIPTON COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS Continued FOR THE YEAR ENDED 31 MARCH 2024 8. Employees Number of Employees The average monthly number of employees durin8 the year was-. 2024 Number 2023 Number Employment ¢osts 2024 2023 Wages and salarles Pension costs 48,064 221 48,285 53.180 702 53,882 9. Flxed Ass•ts 2024 2023 Tanglbl¢ Plant & Motor Machlnery v•hl¢l•s Total Total Cost As at l Aprll 2023 Additions As at 31 March 2024 12,089 3.2iX) 15,289 6.211 18,300 3.200 21,5 18.300 6,211 18.300 Depreclatlo As at l April 2023 Charge for year As at 31 March 2024 12.089 480 12,569 6,211 18,30) 480 18.780 17,346 954 18.300 6,211 Net Bookvalue as at 31 March 2024 2,720 2.720 10. Current asset Investments 2024 2023 Unlisted Investments li
TIPTON COMMUNITY AssoaATION UMITED NOTES TO THE FSNANCIAL STATEMENTS Continued FOR THE YEAR ENDED 31 MARCH 2024 11. Creditors: amounts falllng due in one year 2024 2023 Other creditors Accruals ond deferred income 4,810 4,320 10,650 2,656 9.130 13.306 12. Analysls of net assets b•twn fvnds Unrestrlcted RestActed 2024 2024 2024 2023 Fund balances as at 31 March 2024 are represented by:" Tanglble assets Current a55ets1liabllities 2,720 17,182 2,720 17.182 18,328 19,902 19,902 18,328 12