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2024-03-31-accounts

CHINLEY, BUXWORTH & BROWNSIDE COMMUNITY ASSOCIATION ANNUAL REPORT FOR YEAR ENDED 31[st] MARCH 2024

CHARITY NO: 1165104

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Chinley, Buxworth & Brownside Community Association

Report of the Trustees for the Year Ended 31st March 2024

The trustees present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1165104

Principal address

21 Lower Lane Chinley High Peak Derbyshre SK23 6BE

Trustees

Mr Richard Winterbottom, Chair Mr Philip Manford, Vice-Chair Mr Mark Connolly Mrs Hayley Lever Mrs Linda Page Professor Carolyn Wilkins

Independent examiner

ABS Accountancy Ltd 10 Fairfield Road Buxton SK17 7DW

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by order of the board of trustees on 11[th] November 2024 and signed on its behalf by:

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Chinley, Buxworth & Brownside Community Association

Annual Report of the Trustees

Introduction

The main focus this past year has been around the final fundraising and planning for the new building. A successful crowd funding campaign and the dedication and hard work of all those involved have ensured that, thankfully, we have been able to raise the funds we need to make this long planned and long-awaited project change from a pipedream to a reality which had once seemed impossible.

We have secured major bids from the National Lottery Fund, local businesses, charitable foundations, we have applied for every grant we could find and we have received significant amounts from local individuals, either through their own fundraising efforts or from their kindness and generosity. We thank everyone who worked so hard to raise the money to make the build possible.

I felt at our summer fair in July 2023 that the project had galvanised the whole village to support the mission. Villagers not previously involved with the Association pledged their time, enthusiasm and money - the project became one which more and more people were supporting and there was much excitement and anticipation as we edged closer to our dreams coming true and our financial targets.

The year has also seen the Association’s working co-operatively with the Parish Council around the project development and planning, offering of tenders, and timetables for the build to begin in spring 2024.

The Community Association has been operating at its usual levels of activity whilst the building was in full use, being occupied several times during each day with a whole host of sports, activities and events, engaging all ages in the village community. We have kept those activities informed about the closure of the centre and helped them find alternative temporary venues in good time for the centre’s closure, so that groups would not fail during the new build and consequent unavailability of the centre.

We said our emotional goodbyes to the old centre in February, and have been involved in emptying the centre and storing equipment ready for the building’s demolition. Up to that point we were able to hold our regular meetings in the centre, but have now moved to using the Parish Council room. At the start of March, we held a “closing down sale” for unwanted equipment with funds going towards the building project.

Events and Activities

A full programme of events and activities has once again been in place, with people of all ages using the centre. Following the closure of the centre all activities have been able to find new venues in the area. Our website has been updated to give information about the new build process and venues for activities. It is accessible, easy to use and makes clear the incredible involvement of all the various groups in our community.

We held a successful summer fair with its usual live music, games and activities, stalls selling plants and crafts for children and the ever-popular bar and barbecue. We also managed to hold a Christmas market in December, which was well attended despite the inclement weather. Friday friends held an “End of an Era” party in February on the last day the centre was open. From the end of March, this group of enthusiasts is now known as “Friday-Friends-now-on-a-Thursday-slightly-earlier-at-the-W.I-Hall-during-knockdown”! In addition, there continue to be monthly trips, which are always well attended and fill a coach.

Finance

Income from use of the centre has meant that the charity remains in a good financial position. Clearly from February that income is no longer there and this means that there will be a projected shortfall next year of about £5,000, which the charity is able to fund from savings.

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Building

TH Michaels (Construction) Limited have been appointed as contractors and the car park will be closed from the start of May for the duration of the project, which is expected to be completed by the end of January 2025. The playing fields, skate park and playground will remain open, but there may be access restrictions which will be detailed on the web-site.

Conclusion

This is my first year as Chair of the Community Association.

The focus on the forthcoming building project and fundraising has been both demanding and exciting, and it has been humbling and fulfilling to be involved in decision-making together with such great enthusiastic people, with events varying in speed from frustrating to what has sometimes felt like breakneck!

I am so grateful to the hard work and support of all the Trustees, Committee Members and volunteers, without whom the Association’s ability to respond to the needs and wishes of the community would not be possible. We are all able to see the hard work and enthusiasm of many individuals working with the various groups to ensure this transition has been as smooth as possible and that we have not lost activities and involvement along the way, even though the centre is temporarily out of use. This year I have also become aware of how hard many individuals have worked behind the scenes, who have brought tremendous professional skills and spent precious time fundraising, stewarding the finances, ironing out financial and legal wrinkles to ensure that we are in a position to go forward with the new build with confidence and to ensure that the Association goes from strength to strength.

Richard Winterbottom, Chair of Trustees

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Chinley, Buxworth & Brownside Community Association

Independent Examiner's Report to the Trustees of Chinley, Buxworth & Brownside Community Association

I report on the accounts for the year ended 31st March 2024 set out on pages 6 to 13.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

It is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Thomas Lowe ABS Accountancy Ltd 10 Fairfield Road Buxton SK17 7DW

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Chinley, Buxworth & Brownside Community Association

Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2024

Income
Note
Donations and legacies
2
Charitable activities
3
Total Income
Expenditure
Charitable Activities
4
Other Expenditure
5
Net Income/Expenditure
Transfer Between Funds
Net Movement in Funds
Reconciliation of Funds
Total funds brought forward
Total Funds Carried Forward
Unrestricted
Funds
£
-
48,711
48,711
64,046
100
64,146
- 15,435
- 15,435
61,186
45,751
Restricted
Funds
£
129,723
20,875
150,598
22,386
-
22,386
128,212
128,212
16,082
144,294
TOTAL
FUNDS
2023/2024
£
129,723
69,586
199,309
86,432
100
86,532
112,777
-
112,777
77,268
190,045
TOTAL
FUNDS
2022/2023
£
3,887
47,696
51,583
47,277
148
47,425
4,158
-
4,158
73,110
77,268

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Chinley, Buxworth & Brownside Community Association

Balance sheet as at 31 March 2024

Note
FIXED ASSETS
Electrical Equipment
1
CURRENT ASSETS
Debtors & Prepayments
8
Stock
Cash at bank and in hand
CURRENT LIABILITIES
Creditors: amounts falling
due in less than one year
9
NET ASSETS
The funds of the charity:
Restricted Income Funds
6
Unrestricted Income Funds
7
Total charity funds
31/03/2024
£
-
-
820
-
194,803
195,623
5,578
190,045
144,294
45,751
190,045
31/03/2023
£
-
-
2,289
52
82,163
84,504
7,236
77,268
16,082
61,186
77,268

The financial statements were approved by the Board of Trustees on 11[th] November 2024 and were signed on its behalf by:

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Chinley, Buxworth & Brownside Community Association

Notes to the accounts for the year ended 31 March 2024

1. Accounting Policies

a. Basis of Preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102))and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees have a reasonable expectation that the charity has adequate reserves to continue in operational existence for the foreseeable future. Accordingly the trustees continue to adopt the going concern basis in the preparation of the accounts.

b. Income Recognition

Income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

c. Expenditure Recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.

d. Depreciation

Depreciation is provided on fixed assets other than freehold property in order to write off the cost of those assets over their expected economic lives. This is on a straight-line basis. The rate of depreciation used is:

Electrical Equipment – 5 Years

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Chinley, Buxworth & Brownside Community Association

1. Fixed Asset Schedule

Cost
at 31/03/2023
Additions
at 31/03/2024
Depreciation
at 31/03/2023
Charge for the year
at 31/03/2024
Net Book Value
at 31/03/2024
at 31/03/2023
Electrical
Equipment
£
8,384
-
8,384
8,384
-
8,384
-
-
Total
£
8,384
-
8,384
8,384
-
8,384
-
-

2. Analysis of Donations & Legacies Income

Total
Unrestricted
Restricted
funds Total funds
funds income funds
2023/24
2022/23
£ £ £ £
Donations and gifts 103,037
103,037
1,246
Gift Aid 4,093
4,093
-
General grants provided by government/other charities 3,350
3,350
2,641
Transfer from unrestricted funds 19,243
19,243
Total 129,723
129,723
3,887
. Analysis of Charitable Activities Income
Total
Unrestricted Restricted funds Total funds
funds income funds 2023/24 2022/23
£ £ £ £
Booking Fees 11,074 - 11,074
10,420
Fete & Christmas Market 6,893 - 6,893 5,656
Cinema 60 - 60 378
Swimming 19,783 - 19,783
16,696
Bookswap 5,255 - 5,255 4,190
Friday Friends 13,998 13,998 9,743
Interest Receivable 694 - 694 -
Other Fundraising Activities 4,952 6,877 11,829 -
Other - - - 613
Total 48,711 20,875 69,586
47,696

3. Analysis of Charitable Activities Income

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Chinley, Buxworth & Brownside Community Association

4. Analysis of Charitable Activities Expenditure

Fete & Christmas Market
Cinema
Swimming
Christmas Lunch/Goodybags
Bookswap
Friday Friends
Coronation Lunch
Costs of other fundraising
Postage, Printing & Stationery
Rent
Utilities
General Insurance
Repairs & Renewals
Cleaning & Caretaking
Equipment
Grants Paid
Building Work
Website Development
Other Expenditure
Transfers to Building Fund
Total
Unrestricted
funds
Restricted
funds
Total
funds
2023/24
Total funds
2022/23
£
£
£
£
1,933
-
1,933
2,666
19
-
19
33
16,692
-
16,692
14,749
99
300
399
892
1,086
-
1,086
1,010
-
13,966
13,966
9,030
-
800
800
332
2,551
2,883
1,770
623
572
1,195
416
12
-
12
12
11,780
-
11,780
3,885
519
-
519
498
1,200
528
1,728
728
9,699
-
9,699
9,177
294
-
294
362
150
-
150
-
-
3,669
3,669
-
-
-
-
1,400
366
-
366
649
19,242
-
19,242
-
64,046
22,386
86,432
47,277

5. Analysis of Other Expenditure

. Analysis of Other Expenditure
Accountancy Fees
Depreciation
Bad Debts Written Off
Total
Unrestricted
funds
Restricted
funds
Total funds
2023/24
Total funds
2022/23
£
£
£
£
100
-
100
100
-
-
-
-
-
-
-
48
100
-
100
148

6. Analysis of movement in Restricted Funds

Defibrillator Fund
Building Fund
Musical Memories
Citizens Advice
Friday Friends
Christmas Lunch/Goodybags
Coronation Lunch
Total
Balance at 31st
March 2023
Income
Expenditure
Balance at
31st March
2024
£
£
£
£
389
546
528
407
14,020
132,444
4,241
142,223
662
1,060
1,101
621
-
1,450
1,450
-
1,011
13,998
13,966
1,043
-
300
300
-
-
800
800
-
16,082
150,598
22,386
144,294

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Chinley, Buxworth & Brownside Community Association

Description, nature and purposes of the Restricted Funds

Name of Fund

Defibrillator Fund

Building Fund

This fund was set up in order to raise money to place defibrillators around the Chinley, Buxworth and Brownside area to be used in an emergency. Funded by donations from the community and local businesses.

The Building fund is specifically set up towards contributing to the cost of replacing the existing building. Income this year is from sales and donations.

Musical Memories Musical Memories is a funded through Derbyshire County Council and provides musical therapy for local people suffering from Dementia.

Citizens Advice

A fund set up to provide the community to the Citizens Advice bureau at the Community Association building once a month.

Friday Friends An activity whose surplus have been set aside for the development of the group. Christmas A Christmas lunch has been provided each year for the older residents of the village.. Lunch/Goodybags Grants are received from the local authorities. This year in the absence of a building ‘goodybags’ were distributed instead of holding a lunch.

7. Analysis of movement in Unrestricted Funds

General Fund
Total
Balance at 31st
March 2023
Income
Expenditure
Balance at
31st March
2024
£
£
£
£
61,186
48,711
64,146
45,751
61,186
48,711
64,146
45,751

8. Analysis of Current Assets

Trade Debtors
Stock
Prepayments & Accrued Income
Total
As at 31st
March 2024
As at 31st
March 2023
£
£
418
1,511
-
52
402
778
820
2,341

9. Analysis of Creditors

Trade Creditors
Payments in Advance
Key Deposits
Total
As at 31st
March 2024
As at 31st
March 2023
£
£
4,103
4,119
1,447
3,089
28
28
5,578
7,236

10. Corporation Tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

11. Trustee remuneration & expenses, and related party transactions

One Trustee holds paid employment with the charity; however, the board believes this does not affect his integrity as a trustee. No trustee has received remuneration or expenses for their role as trustees.

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The average number of staff employed during the period was 1. There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

13