Greenacres Community Association CIO
Charity No. 1169731
Trustees, Report and Unaudited Accounts
31 March 2024

Greenacres Community Association CIO
Trustees Annual Report
Greenacres Community Association
The trustees present their report with the unaudited financial statements of the charity for the year ended
31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1169731
Principal Office
Greenacre5 Community Centre
Galland Street
Greenacres
Oldham
OL43EU
Trustees
The following trustees served during the year..
Karen Ashley
Secretary
Jim Carrigan
Rachel Graham
Anna Kennedy
Sue Lakenby
Reddy Lenge
Steven Molloy
Joanne Whiteley
Val Wyn
Treasurer
Chair
Accountants
Pennine Accounting Limited
109A Church Street
Littleborough
Lancashire
OL15 8AA
Bankers
Virgin Money Iformerly The Yorkshire
Bank)
47 Market Place
Oldham
OLI 3AD
Pa￿e 2

Greenacres Comrnunity Associatlon CIO
Trustees Annual Report
Partnership Work
GCA ha5 a wide range of strong collaborations, both IDng 5t3nding and more recent partnerships. GCA
continue5 to work in key partnerships with Action Together, Oldham Life Long Learning, Workers Educational
Association, Oldham Play Action Group, Men Behaving Dadly, Oldham Council, East Oldham District Team,
GCA are one of Oldham's Community Health Champions group.
GCA is a partner with Action Together in the distribution of Household Support Funding with small grants and
shopping vouchers. GCA also operates a small food pantry for people struggling due to the cost of living
GCA operates a community fridge to reduce food waste and receives regular donations from ALDI and
occasional items other supermarkets.
Asset Transfer
GCA continues to work towards asset transfer of the building from Oldham CoLJncil. The process is ongoing
but has been agreed in principle by both partiès.
FINANCIAL REVIEW
GCA has net unrestricted fund surplus in the year, after transfer to cover deficits on restricted funds. This
stands at £ 10,727 and unrestricted reserves at the year end were £ 195,036
The trustees have reviewed GCAS need for reserves in line with guidance issued by the Charity Commission
and have therefore designated this to meet £IOO,000 planned expenditure as match for Community
Ownership Fund application if this Is successful.
The trustees consider that, in addition, GCA requires at least six months running cost5 should be retained to
ensure that the CIO can run efficiently and continue to work to meet the needs of its users. After deducting
the above designated funds. the balance of unrestricted Igenerall reserves at the year end met this target.
This policy will be renewed annually by the trustees.
It is the opinion of the Trustees of GCA that the current assets are adequate to meet its obligations on a fund
by fund basis.
Conclusion
GCA has continued to maintain and develop its work in accordance with its agreed priorities.
The above report has been prepared in accordance with the provision applicable to companies subject to the
small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities
SORP IFRS 1021
Pa%e 4

Greenacres Community Association CIO
Trustee5 Annual Report
The trustees meet bi-monthly. All meetings are minute. Centre Manager (Job Share) also attend these
meetings. In addition GCA h35 finance and personnel subgroups meeting as required.
The trustees include representatives from group based at or running from the centre. The trustees are
responsible for the strategic direction and development and implementation of policies within the
organization. Day to day management Is delegated to the Centre Manager (lob Share)
Policies to achieve objective5
GCA meets these aims through the employment of a core team, se55ional and casual pool of staff and the
development of working partnerships with other agencies across the borough. GCA also works with and
volunteers.
GCA has a full and active commitment to equality of opportunity. GCA is committed as an equal
opportunities employer to eliminating all forms of discrimination. whether based on race, gender, disability,
sexual orientation age or religious belief, both through the work of the organisation and through the
implementation and review of its, equal opportunities policy. GCA plays an active role in challenging such
forms of discrimination
The trustees have had regard to the Charity Commission guidance on public benefit.
Statement of tru5tees' responsibilities in relatlon to the financial statements
The charity trLJStees are responsible for preparing a tru5tees' annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Prarticel.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the
provisions of the Trust deed. The Trustees are also responsible for Safeguarding the assets of the charity and
hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
Karen Ashley
Trustee
10 December 2024
PaRe 6

Greenacres Community Association CIO
Statement of Financial Activities
for the year ended 31 March 2024
Unrestricted
funds
Restricted
funds Total funds Total funds
2024
2024
2023
2024
Note5
Income and endowments
from:
Donations and legacies
Charitable activitie5
987
987
329
100,341
125,348
225,689
195,780
Total
101,328
125,348
226,676
196,109
Expenditure on:
Charitable activities
90,601
110,542
201,143
184,859
Total
90,601
110,542
201,143
184,859
Net gains on investment5
Net income
10,727
14,806
25,533
11,250
Transfers between funds
Net income before other
gainslllossesl
10,727
14,806
25,533
11,250
Other gains and losses
Net movement in funds
10,727
14,806
25,533
11,250
Reconciliation of funds:
Total funds brought forward
184,309
380
184,689
173,439
Total funds carried forward
195,036
15,186
210,222
184.689
Paie 8

Greenacres Communlty Associatlon CIO
Notes to the Accounts
for the year ended 31 March 2024
l Accounting policles
8a5is of preparation
The financial statements have been prepared in accordarice with Statement of Recommended Practice..
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the
Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accountingl since
last year and no changes have been made to account5 for previous years.
Fund accounting
Unrestricted funds
These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purpose5.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted fund5
Income
Recognition of
income
Income 15 included in the Statement of Financial Activities ISOFAI when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
Voluntary income received by way of Erants, donations and gifts is included in the
the SOFA when receivable and only when the Charity ha5 unconditional entitlement
to the income.
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts giftldonation to which it relates.
Oonated services
These are only included in income Iwith an equivalent amount in expenditure)
and facilities
where the benefit to the Charity is reasonab5y quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income Thi5 is included in the accounts when receivable.
Gains11105ses1 on
Thi5 includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
legacies
Tax reclaims on
Gains/llossesl on
investment a55etS
This includes any gain or loss on the sale of investments.
PaRe 10

Greenacres Community Association CIO
Notes to the Account5
Research and development
Expenditure on research and development is written off in the year in which it Is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset, the lease is treated as a finance lease.
Lease5 which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finante expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recogni5ed as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basi5.
Pension cost5
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the charity pay5 fixed contribution5 into 3 Separate entity. Once the
contributions have been paid the charity has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held Separately from the charity in independently administered funds.
Receipt of donated goods. facilities and services
All donated goods, facilities and service5 received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
PaRe 12

Greenacres Community A550ciation CIO
Notes to the Accounts
5 Expenditure on Charitable activitie5
Unrestricted
Restricted
Total
Total
2024
2023
Expenditure on charitoble
octivities
Grants
110,542
110,542
110,483
74,376
Activities
87,481
3,120
87.481
3,120
Other
GovernLTnce costs
90,601
110,542
201,143
184,859
6 Staff c05tS
No employee received emoluments in excess of £60,000.
7 Debtors
2024
2023
Trade debtors
13,669
13,669
12091
12091
8 Creditors:
amounts falling due within one year
2024
2023
Trade creditors
Other taxes and social security
Other creditors
Accruals
Deferred income
1141
11,3521
848
805
806
9,795
11,456
9,795
9,235
Pa￿e 14

Greenacres Community Association CIO
Notes to the Accounts
Paper Crafting
Re-ordering &
re-furbishment of building
Intended acquisition of Community Centre building by asset transfer
10 Analysis of net assets between funds
Unrestricted
funds
Restricted
Total
funds
Net current assets
220,017
220,017
19,7951
19,7951
210,222
210,222
11 Reconciliation of net debt
At31
March
At l April
2023
Cash flows
2024
Cash and cash equivalents
194,133
194,133
13,876
13,876
208,009
208,009
Net debt
194,133
13,876
208,009
Pa￿e 16

Greenacre5 Community Association CIO
Detalled Statement of Financial Activities
for the year ended 31 March 2024
Unrestricte
d funds
Restricted
funds
2024
Total funds
2024
Total funds
2023
2024
Income and endowments from:
Donations and legacies
987
987
329
987
987
329
Charitable activities
Grants
15,663
37,395
43,904
3,379
100,341
125,348
141,011
37.395
43,904
3,379
225,689
110,863
35,027
46,696
3,194
195,780
Activities
Rental
Other
125,348
Total income and endowments
101,328
125,348
226,676
196,109
Expenditure on:
Charitable artivities
Grants
110,542
110,542
87,481
3,120
201,143
110,483
74,376
Activities
87,481
3,120
90,601
Other
110,542
184,859
Total of expenditure on charitable
activities
90,601
110.542
201,143
184,859
Total expenditure
Net gains on investments
90,601
110,542
201,143
184,859
10,727
14,806
25,533
11,250
Net income
Net income before other
gains/llos5e5}
Other Gains
10,727
14,806
25,533
11,250
Net movement in funds
10,727
14,806
25,533
11,250
Reconciliation of funds:
Total funds brought forward
184,309
380
184,689
173,439
Total funds carried forward
195,036
15,186
210,222
184,689
Pa￿e 18