Lostwithiel Community Association Charitable Incorported Organisation
Company Number CE007112 Charity Number 1168401
Financial Statements For the Year ended 31st August 2025
Lanhydrock Accountancy
Practice Ltd 6 Queen Street Lostwithiel Cornwall PL22 0AB
Lostwithiel Community Association Charitable Incorported Organisation
Financial Statements For the Year ended 31st August 2025
| Contents | Page |
|---|---|
| Company Information | 1 |
| Independent Examiners Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes | 5 - 7 |
Lostwithiel Community Association Charitable Incorported Organisation
Financial Statements For the Year ended 31st August 2025
Company registration number CE007112 Registered Charity number 1168401 Registered Office Lostwithiel Community Centre Pleyber Christ Way Lostwithiel Cornwall PL22 0HA
Accountant and Independent Examiner Lanhydrock Accountancy Practice Ltd Practice Ltd 6 Queen Street Lostwithiel Cornwall PL22 0AB
Page 1
Lostwithiel Communi Association Inde endent examiner's Re ort to the Trustees I report on the accounts of the LostwithEI Communty Association for the year ended 31" August 2025. which are set out on pages 4 to 7. Respective responslbilities of trustees and examlner The chanty's trustees consider that an audit is not required for Ihis year under the Charities Act 2011 (t Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts., to follow the procedures laid down in the General Dire¢tions given by the Charity Commission under the Act. and to state Wheth parts'cular matters have come to my attention. Basis of the independent exaMIne s report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounts'ng records kept by the chanty 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 trustee5 conceming any such matters. The procedures undertaken do not provide all the evidence that would be require(l in an audit, and consequenUy I do not eypress an audrt opinion on the vwi given by the accounts. Independent examlnerfs statement In the course of my examination, no matter has Come to my attention.. (1) which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that.. o proper accounting records are kept {in accordance with the Act),. and o accounls are prepared which agree with the accounting records and comply with the accounts'ng requirements of the Act; or (2) to which, in my o understanding inion. attention should be drawn in order to enable a proper the accounts to be reached. Brian Smith BA CPFA Lanhydrock Accountsncy Practice Ltd 6 Queen Street Lo$IlhIel Comwall PL22 OAB Page 2
Lostwithiel Community Association
Statement of Financial Activities (including Income and Expenditure Account) For the Year ended 31st August 2025
| Note Incoming resources Incoming resources from generated funds: Voluntary income: Donations and Grants 2 From Charitable Activiies: Hall hire Café sales Events income Other income Total incoming resources Resources expended Charitable activities Total resources expended Net incoming resources before other recognised gains Gross transfers between funds Other recognised gains Net movement in funds Reconcilliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds Total Funds 2025 2024 £ £ 61,085 50,615 52,667 42,199 76,325 63,920 10,082 6,744 1,953 4,242 |
|---|---|
| 202,112 167,720 |
|
| 166,272 147,110 |
|
| 166,272 147,110 |
|
| 35,841 20,609 0 0 0 0 |
|
| 35,840 20,609 37,080 16,471 |
|
| 72,920 37,080 |
Page 3
Lostwithiel Community Association Charitable Incorported Organisation Balance Sheet as at 31st August 2025
| Note Fixed Assets Fixtures and fittings Office equipment Current Assets Debtors & Prepayments 4 Café stock Cash in hand and at Bank Current Liabilities Creditors: amounts falling due within one year Trade creditors Social security and wages costs Accruals and deferred income 5 Net Current Assets Net Assets The funds of the Charity Funds brought forward Deficit/surplus for the year Total funds |
£ £ 13,460 1,075 14,535 5,207 0 64,363 69,571 1,827 1,243 8,115 11,186 58,385 72,920 37,080 35,841 72,920 2025 |
£ £ 11,243 689 11,932 7,160 3,898 37,619 48,678 2,780 284 20,466 23,530 25,148 37,080 16,471 20,609 37,080 2024 |
£ £ 11,243 689 11,932 7,160 3,898 37,619 48,678 2,780 284 20,466 23,530 25,148 37,080 16,471 20,609 37,080 2024 |
|---|---|---|---|
| 37,080 | |||
| 16,471 20,609 |
|||
| 37,080 |
Signed on behalf of the Trustees
(Chair of Trustees)
Page 4
Lostwithiel Community Association Charitable Incorported Organisation
Notes to the Financial Statements
1 Accounting Policies
Basis of Accounting
The financial statements have been prepared under the historical cost accounting rules and the Statement of Recommended Practice: Accounting and Reporting by Charities 2015.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Desinated funds are unrestricted funds earmarked by the Management Committee for a particular purpose. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through terms of an appeal.
Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Investment income is included when receivable.
Incoming resources from charitable trading activity are accounted for when earned.
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis
Page 5
Lostwithiel Community Association Charitable Incorported Organisation
Notes to the Financial Statements (continued)
2 Donations and Grants
| Donations and Grants | ||
|---|---|---|
| **Total Funds ** | Total Funds | |
| 2025 | 2024 | |
| £ | £ | |
| Sponsorship - Danceathon | 607 | 0 |
| Coop Lostwithiel | 1,872 | 0 |
| Bid Writing Funding realeased to income | 2,000 | 0 |
| Dance Studio Funding realeased to income | 3,684 | 0 |
| CCTV Grant realeased to income | 2,500 | 0 |
| Centre Roof Grant realeased to income | 4,091 | 0 |
| Architect Fees Grant realeased to income | 4,976 | 10,864 |
| Café cooker funding realeased to income | 1,496 | 0 |
| Grant for Blinds | 4,161 | 0 |
| Lottery Funding | 12,992 | 395 |
| Cornwall Community Grants | 0 | 1,000 |
| Grants general | 1,286 | 0 |
| Kitchen renovations crowdfunding | 2,379 | 0 |
| Lostwithiel Town Council | 0 | 5,000 |
| Volunteer Hub Grant | 15,000 | 7,000 |
| Cooker grants released to income | 0 | 5,920 |
| Conference Room Grant realeased to incom | 0 | 7,578 |
| Electrical grant | 0 | 1,000 |
| Other donations | 4,041 | 11,858 |
| 61,085 | 50,615 |
3 Resources Expended on Charitable Activities
| Accounting and bookkeeping fees Advertising and PR Café purchases Fundrasining event expenses Cleaning Insurance Professional fees Light and heat Repairs and maintenance Software costs Sports equipment and coaching Stationery and printing Subscriptions and licences Sundry costs Telephone Wages and salaries Water and sewage Bank and card charges Depreciation of fixed assets |
Total Funds Total Funds 2025 2024 £ £ 1,596 1,292 732 815 26,037 20,586 2,120 1,447 2,256 2,096 606 2,170 1,184 5,234 11,819 15,692 22,541 20,309 424 518 7 216 427 481 1,165 531 3,427 658 1,951 1,382 79,489 68,944 2,239 1,890 1,360 514 6,891 2,334 |
|---|---|
| 166,272 147,110 |
Page 6
Lostwithiel Community Association Charitable Incorported Organisation
Notes to the Financial Statements (continued)
4 Debtors
| Debtors relating to hall hire Prepaid expenses 5 Accruals and deferred income Accruals Deferred grant - Cornwall Comm Grants (Archtiects fees) Deferred grant - Crowdfunder donations (Café cooker appeal) Deferred Grants - Centre Roof Deferred Grants - Mitchel (CCTV) Deferred Grants - Duchy of Cornwall (Dance Studio) Deferred Grants - Lostfest (Garden) Deferred Grant - R Harrow (Bid Writing) Deferred Grant - National Lottery (Kitchen refurbishment) Deferred Grant - Sports England (Hall floor) |
2025 2024 £ £ 5,207 7,160 0 0 |
|---|---|
| 5,207 7,160 |
|
| 2025 2024 £ £ 900 720 0 4,976 0 1,496 0 4,091 0 2,500 0 3,684 0 1,000 0 2,000 4,965 0 2,250 0 |
|
| 8,115 20,466 |
Page 7