Charity registration number 1162948 (England and Wales)
SALTFORD COMMUNITY ASSOCIATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
SALTFORD COMMUNITY ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Richard Evans |
|---|---|
| Angela Joyce Ashworth | |
| Elisabeth Anne Lilian Evans | |
| Martin John Coles | |
| Christina Mary Easterford | |
| Christopher Roland Essex | |
| Charity number (England and Wales) | 1162948 |
| Principal address | Saltford Hall |
| Chelwood Road | |
| Saltford | |
| BRISTOL | |
| BS31 3BU | |
| Independent examiner | Oli Thomas FCCA |
| Geo Corp Accountancy Limited | |
| 85 Great Portland Street, First Floor | |
| LONDON | |
| W1W 7LT |
SALTFORD COMMUNITY ASSOCIATION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 17 |
SALTFORD COMMUNITY ASSOCIATION
TRUSTEES’ REPORT
The trustees present their annual report and financial statements for the year ended 31 January 2026.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: 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)".
Objects and Activities
The Charities main objects are to maintain the village Hall for the benefit of the local community. To provide space and facilities where the local community can meet, enjoy events and participate in a wide variety of social, sporting, and educational activities.
Public Benefit
The trustees have paid due regard to the guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Activities
Social and Sporting events include the likes of Dances, Cinema evenings, recreational groups including sports such as Badminton, Bowls, fitness and self-health development classes, Book clubs, music groups, drama productions, shows, choirs, repair shop and associated café, teas, and coffee clubs. Volunteer groups meetings and thank you events.
Achievements and Performance
From the funds generated through a wide variety of community style events together with room hire charges we have been able to maintain the premises to a suitable standard, put aside reserves to forward plan improvements and provide financial stability for the continuation of the association.
We are able also to provide support both financial and practical to local families in need including Ukrainian families living in the community.
Financial Review
Total income for the year was £171,392 (prior year £183,313). The main source of income is from the use of the main hall and other smaller rooms. £89,997. Fund-raising event income during the year was £43,088 and other charitable income £11,146. Other trading activities & investment income £11,392. Donations totalled £15,768 of which £11,575 were restricted.
Income was lower than prior year. This was predominantly due to not holding the biannual Saltford Festival in 2025.
Total expenditure for the year was £152,463 of which £14,730 was against restricted funds. (Prior year total was £169,039 of which £19,300 restricted). Expenditure was monitored and well controlled against a detailed budget in line with the charity’s objectives.
A surplus of £18,929 was recorded for the year (prior year £14,274).
At 31 January 2026 balance sheet total funds show £149,430 comprising of £145,905 unrestricted and £3,526 restricted. (Prior year £130,501, £123,820 unrestricted and £6,681 restricted)
There are no significant liabilities as at the balance sheet date.
Reserves Policy
At the year-end total funds were £149,430, including £145,905 unrestricted funds. Of the unrestricted funds, £115,000 has been designated for specific purposes including emergency operational reserves, a sinking fund for
- 1 -
SALTFORD COMMUNITY ASSOCIATION
TRUSTEES’ REPORT - CONTINUED
future major refurbishment works, asset replacement and working capital. The trustees review the level of reserves regularly to ensure they remain appropriate to the charity’s needs. The last review was undertaken in January 2026.
Structure, Governance and Management
The charity is established under a constitution dated 13 April 2015 as a charitable incorporated organisation. The trustees who served during the year and up to the date of signature of the financial statements were as follows:
Richard Evans Angela Joyce Ashworth Elisabeth Anne Lilian Evans
Martin John Coles Christina Mary Easterford Christopher Roland Essex
Recruitment and appointment of trustees
Local appointments by recommendations and suitable scrutiny. None of the trustees has any beneficial interest in the CIO. Trustees are supported by volunteers including a management group and a fundraising group.
The trustees' report was approved by the Trustees.
Richard Evans Chair, Trustee
Angela Joyce Ashworth Treasurer, Trustee
19 May 2026
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SALTFORD COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SALTFORD COMMUNITY ASSOCIATION
I report to the trustees on my examination of the financial statements of Saltford Community Association (the charity) for the year ended 31 January 2026.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts 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 Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Oli Thomas FCCA
Geo Corp Accountancy Limited 85 Great Portland Street, First Floor LONDON W1W 7LT
19 May 2026
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SALTFORD COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2026
| Unrestricted funds 2026 £ 4,193 144,231 7,586 3,806 |
Restricted funds 2026 £ - 11,575 - - - |
Total 2026 £ 15,768 144,231 7,586 3,806 |
Unrestricted funds 2025 £ 5,959 154,739 7,081 3,327 |
Restricted funds 2025 £ 12,207 - - - |
Total 2025 £ 18,166 154,739 7,081 3,327 |
|---|---|---|---|---|---|
| 159,817 | 11,575 | 171,392 | 171,106 | 12,207 | 183,313 |
| 2,223 135,510 |
- 14,730 |
2,223 150,240 |
2,185 147,554 |
- 19,300 |
2,185 166,854 |
| 137,733 | 14,730 | 152,463 | 149,739 | 19,300 | 169,039 |
| 22,084 123,820 |
(3,155) 6,681 |
18,929 130,501 |
21,367 102,453 |
(7,093) 13,774 |
14,274 116,227 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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SALTFORD COMMUNITY ASSOCIATION
BALANCE SHEET
FOR THE YEAR ENDED 31 JANUARY 2026
| Notes Fixed assets Tangible assets 15 Current assets Stocks 16 Debtors 17 Cash at bank and in hand Creditors: amounts falling due within one year 18 Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 20 Unrestricted funds 21 |
£ £ 13,759 2,334 13,293 138,457 154,084 (18,413) 135,671 149,430 3,526 145,905 149,430 2026 |
2025 | 2025 |
|---|---|---|---|
| £ 2,334 13,293 138,457 154,084 (18,413) |
£ 2,362 9,932 127,629 139,923 (14,220) |
£ 4,798 125,703 |
|
| 130,501 | |||
| 6,681 123,820 |
|||
| 130,501 |
The financial statements were approved by the trustees on 19 May 2026.
R Evans A Ashworth Chair, Trustee Treasurer, Trustee
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SALTFORD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
1 Accounting policies
Charity information
Saltford Community Association is a Charitable Incorporated Organisation.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: 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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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SALTFORD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1 Accounting policies (Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. As this is the first year that the charity has produced accounts on the accruals basis, assets have not previously been depreciated.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives as follows:
Plant and equipment : Over 10 years on a straight-line basis
Property plant and equipment - Office : Over 3 years on a straight-line basis
Property plant and equipment - Kitchen : Over 5 years on a straight-line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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SALTFORD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1 Accounting policies (Continued)
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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SALTFORD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Donations and gifts | Unrestricted funds 2026 £ 4,193 |
Restricted funds 2026 £ 11,575 |
Total 2026 £ 15,768 |
Unrestricted funds 2025 £ 5,959 |
Restricted funds 2025 £ 12,207 |
Total 2025 £ |
|---|---|---|---|---|---|---|
| 18,166 |
4 Income from charitable activities
| Hall hirings Room hire income Bar and café Food and beverage income Organised events Fundraising income Sectional income Income from sectional clubs and organisations SCA festival Event income SCA News Advertising income |
Unrestricted funds 2026 £ 76,697 18,164 24,924 13,300 - 11,146 144,231 |
Unrestricted funds 2025 £ 72,048 16,106 24,528 12,400 22,282 7,375 |
|---|---|---|
| 154,739 |
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SALTFORD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
5 Income from other trading activities
| Non-charitable trading activities Membership subscriptions and sponsorships Ancilliary fundraising income Income from investments Interest receivable Expenditure on raising funds Fundraising and publicity Ancilliary fundraising costs |
Unrestricted funds 2026 £ 3,020 570 3,997 7,586 Unrestricted funds 2026 £ 3,806 3,806 Unrestricted funds 2026 £ 2,223 2,223 |
Unrestricted funds 2025 £ 2,491 580 4,010 |
|---|---|---|
| 7,081 | ||
| Unrestricted funds 2025 £ 3,327 |
||
| 3,327 | ||
| Unrestricted funds 2025 £ 2,185 |
||
| 2,185 |
6 Income from investments
7 Expenditure on raising funds
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SALTFORD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
8 Expenditure on charitable activities
| Direct costs Staff costs Depreciation and impairment Other direct costs Grant funding of activities (see note 9) Share of support and governance costs (see note 10) Support Governance Analysis by fund Unrestricted funds Restricted funds |
Community activities 2026 £ - - - |
Hall hiring costs 2026 £ 40,874 1,797 - |
Bar and cafe costs 2026 £ - - 7,169 |
Event costs 2026 £ - - 8,009 |
SCA festival costs 2026 £ - - - - - - - - - - - |
Saltford Community Association News 2026 £ - - 11,297 |
Total 2026 £ 40,874 1,797 26,474 |
|---|---|---|---|---|---|---|---|
| - 17,485 - - |
42,671 - 62,733 876 |
7,169 - - - |
8,009 - - - |
11,297 - - - |
69,145 17,485 62,733 876 |
||
| 17,485 | 106,280 | 7,169 | 8,009 | 11,297 | 150,240 | ||
| 2,755 14,730 |
106,280 - |
7,169 - |
8,009 - |
11,297 - |
135,510 14,730 |
||
| 17,485 | 106,280 | 7,169 | 8,009 | 11,297 | 150,240 |
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SALTFORD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
| 8 Expenditure on charitable activities (Continued) Previous year: Direct costs Staff costs Depreciation and impairment Other direct costs Grant funding of activities (see note 9) Share of support and governance costs (see note 10) Support Governance Analysis by fund Unrestricted funds Restricted funds |
Community activities 2025 £ - - - |
Hall hiring costs 2025 £ 39,264 746 - |
Bar and cafe costs 2025 £ - - 6,839 |
Event costs 2025 £ - - 10,053 |
SCA festival costs 2025 £ - - 9,445 9,445 - - - 9,445 9,445 - 9,445 |
Saltford Community Association News 2025 £ - - 10,837 |
Total 2025 £ 39,264 746 37,174 |
|---|---|---|---|---|---|---|---|
| - 20,488 - - |
40,010 - 67,688 1,494 |
6,839 - - - |
10,053 - - - |
10,837 - - - |
77,184 20,488 67,688 1,494 |
||
| 20,488 | 109,192 | 6,839 | 10,053 | 10,837 | 166,854 | ||
| 1,688 18,800 |
109,192 - |
6,839 - |
10,053 - |
10,337 500 |
147,554 19,300 |
||
| 20,488 | 109,192 | 6,839 | 10,053 | 10,837 | 166,854 |
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SALTFORD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
| 9 Grants payable Grants and donations 10 Support costs allocated to activities Hall maintenance Equipment maintenance Insurance Water, gas and electricity Printing, stationery and IT Training Cleaning and waste disposal Rent Marketing costs Bank charges and sundry Governance costs Analysed as: Hall hiring costs 11 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets |
Unrestricted funds 2026 £ 17,485 17,485 2026 £ 12,446 5,998 3,295 9,438 5,438 150 24,196 1 700 1,072 876 63,610 63,610 2026 £ 275 1,797 2,072 |
Unrestricted funds 2025 £ 20,488 |
|---|---|---|
| 20,488 | ||
| 2025 £ 18,672 5,936 3,279 8,517 8,426 395 20,591 1 783 1,088 1,494 |
||
| 69,182 | ||
| 69,182 | ||
| 2025 £ 750 746 |
||
| 1,496 |
12 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
13 Employees
The average monthly number of employees during the year was:
| 2026 | 2025 |
|---|---|
| Number | Number |
| 4 | 3 |
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SALTFORD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026
13 Employees (Continued)
| Employment costs Wages and salaries Pension costs |
2026 £ 40,874 - 40,874 |
2025 £ 39,054 210 |
|---|---|---|
| 39,264 |
There were no employees whose annual remuneration was more than £60,000.
14 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
15 Tangible fixed assets
| Cost Balance bought forward Additions Balance at 31 January 2026 Depreciation and impairment Balance bought forward Depreciation charged in the year Balance at 31 January 2026 Carrying amount Balance bought forward Balance at 31 January 2026 Stocks Finished goods and goods for resale Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income |
Plant and equipment 2026 £ 1,752 3,031 4,783 114 387 501 1,638 4,282 |
Property plant and equipment - Office 2026 £ 516 6,154 6,670 86 640 726 430 5,944 |
Property plant and equipment - Kitchen 2026 £ 3,276 1,573 4,849 546 771 1,317 2,730 3,533 2026 £ 2,334 2,334 2026 £ 7,830 5,463 13,293 |
Total 2026 £ 5,544 10,758 |
|---|---|---|---|---|
| 16,302 | ||||
| 746 1,797 |
||||
| 2,543 | ||||
| 4,798 | ||||
| 13,759 | ||||
| 2025 £ 2,362 |
||||
| 2,362 | ||||
| 2025 £ 5,926 4,006 |
||||
| 9,932 |
16 Stocks
17 Debtors
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SALTFORD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
18 Creditors: amounts falling due within one year
| 18 Creditors: amounts falling due within one year |
||
|---|---|---|
| Other taxation and social security Trade creditors Other creditors Accruals and deferred income 19 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2026 £ 697 6,031 6,480 5,205 18,413 2026 £ - - |
2025 £ 588 5,277 3,352 5,003 |
| 14,220 | ||
| 2025 £ 210 |
||
| 210 |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
20 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 February | Incoming | Resources | At 31 January | |
|---|---|---|---|---|
| 2025 | resources | expended | 2026 | |
| £ | £ | £ | £ | |
| Year to 31 January 2026 | 6,681 | 11,575 | (14,730) | 3,526 |
| At 1 February | Incoming | Resources | At 31 January | |
| 2024 | resources | expended | 2025 | |
| £ | £ | £ | £ | |
| Previous year | 13,774 | 12,207 | (19,300) | 6,681 |
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SALTFORD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026
21 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 February | Incoming | Resources | Fund | At 31 January | |
|---|---|---|---|---|---|
| 2025 | resources | expended | transfers | 2026 | |
| £ | £ | £ | £ | £ | |
| Emergency operational reserve | 40,000 | - | - | - | 40,000 |
| Sinking fund | 40,000 | - | - | 20,000 | 60,000 |
| Asset replacement reserve | 5,000 | - | - | - | 5,000 |
| Working capital reserve | 10,000 | - | - | - | 10,000 |
| General funds | 28,820 | 159,817 | (137,733) | (20,000) | 30,904 |
| 123,820 | 159,817 | (137,733) | - | 145,905 | |
| Previous Year: | At 1 February | Incoming | Resources | Fund | At 31 January |
| 2024 | resources | expended | transfers | 2025 | |
| £ | £ | £ | £ | £ | |
| Emergency operational reserve | - | - | - | 40,000 | 40,000 |
| Sinking fund | - | - | - | 40,000 | 40,000 |
| Asset replacement reserve | - | - | - | 5,000 | 5,000 |
| Working capital reserve | - | - | - | 10,000 | 10,000 |
| General funds | 102,453 | 171,106 | (149,739) | (95,000) | 28,820 |
| 102,453 | 171,106 | (149,739) | - | 123,820 |
22 Analysis of net assets between funds
| Tangible fixed assets Current assets/(liabilities) Prevous year: Tangible fixed assets Current assets/(liabilities) |
Unrestricted Funds 2026 £ 13,759 132,145 145,904 Unrestricted Funds 2025 £ 4,798 119,022 123,820 |
Restricted Funds 2026 £ - 3,526 3,526 Restricted Funds 2025 £ - 6,681 6,681 |
Total funds 2026 £ 13,759 135,671 |
|---|---|---|---|
| 149,430 | |||
| Total funds 2025 £ 4,798 125,703 |
|||
| 130,501 |
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SALTFORD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026
23 Related party transactions
Trustees received no remuneration during the year (2025: £nil). Trustees and persons connected with them were reimbursed expenses totalling £644.67 (2025: £nil) incurred in the performance of their duties.
During the year the charity incurred expenditure totalling £3,205 (2025: £nil) with a business owned by the son-in-law of a trustee in respect of electrical maintenance services. No trustee received any financial benefit from these transactions.
24 Relationship with Saltford Community Library Hub Limited
The charity is the sole member of Saltford Community Library Hub Limited, a company limited by shares incorporated in England and Wales (company number 11217080), and therefore has constitutional control over that entity.
Saltford Community Library Hub Limited operates the Saltford Community Library and associated community Post Office facilities from premises within the local community. The activities of the community library align with the charitable objectives of the Association.
For the year ended 31 July 2025 (latest statutory accounts available), Saltford Community Library Hub Limited reported:
-
turnover and other income of £57,499
-
profit after taxation of £6,745
-
net assets of £50,142
During the year, the Association provided grant funding and charitable support to Saltford Community Library Hub Limited in furtherance of the Association’s charitable objectives.
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