NCI COMMUNITY ASSOCIATION CIO FINANCIAL STATEMEKfs FOR THE YEAR ENDED 3 1ST MARCH 2024 TRUSTEES ANNUAL REPORT...........................Icontinued STATEMENT OF TRUSTEES KESPONSIBILITIES The Trustccs are required by charity law prepare financial ststrments foi each year which give a trne and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that year. In preparing those financial 5tat¢ments. the Tnjstees are required io:. {a) Select suitable accounting wlicies and then apply them consis(ently' Ib) Make judgements and esiimates thai are reasonable and prud¢nl; {¢) PrcpaTC the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in operation- (d) Stat¢ whether the policies adopted are in accordance with the Charities Act 2011 and with applieable accounting siandards and Siatem¢nts of Recommended Practicc. subjeci io any marerial departure discloscd and explained in the financial stsiements; (e) Observe the methods and principals of the Ctwiiies SORP. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accurncy at any time the finan¢ial position of the charity and to ensure that ihe financial statements Comply with the Charities Aci. The Truste¢s are also responsible for safeguarding the assets olthe charity and hence for tsking reasonable steps for the preveniion and detection of fraud and other iegular1ties. The Trustees confirtn thcy have referred to thc guidance contained in the Charity Commission's gcncral guidance on public benefit when revicwin8 thc charity'5 din and objcctivcs and in plat18 future activithcs. ON BEHALF OF THE BOARD OF TRUSTEES D SAVAGE TRUSTEE Dai¢-
NCI COMMUNITY ASSOCIATION CIO PAGE 2 FINANCIAL sTATEME[s FOR THE YEAR ENDED 3 1ST MARCH 2024 TRUSTEES ANNUAL REPORT...........................Icontinued STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees are required by charity law to prepare financial ststetnents for each year which give a tn]e and fair view of the state of affairs of the charity and of the Surp1 or deficic of the charity for that year. In preparing those financial Statements, the Trustees are reqllir¢d to:_ (a) Select Suitable accounting policies and then YLpply them COTtsistently' (bl Make judgetnents and estitnates that are reasonable and Prudenc: (¢1 Prepare the financial statements on a going ¢oncem b&si5 unless it is inappropriaie to presume that the Charity will continue in operation. (d) State whether the policies adopted are in accordance with the Ctwitie5 Act 2011 and with applicable accounting standards and Statements of Recommended Prdclice, Subject tsi any material departure disclosed and explained in the financial statements., (e) Observe the methods and principals of the Charities SORP. The Trustee5 are responsible frtr keeping proper 0ntIng records which disclose with rvasonable accuracy at any time the financial position of the charity and io ensure the financial statemeTtts comply Wilh the Charities Act. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Ttisstees confirni they have refe1 to the guidance contsined in the Charity Comrnission'5 general guidance on publi¢ benefit when reviewing (he tharitys aims and objectives and in planning fillure actLVlties. ON BEFIALF OF THE BOARD OF TRUSTEES D SAVAGE TRUSTEE Dat¢..
NCI COMMUNITY ASSOCIATION CIO PAGE 5 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024 BALANCE SHEET 2024 2023 Notes FIXED ASSETS 62.665 74,034 CURRENT ASSETS Cash at bank Debtor5 38,441 10,137 43,411 10,137 TOTAL CURRENT ASSETS 48,578 53,548 CURRENf LIABILITIES Creditor5 1.517 4,467 NET CURRENT AssFrs 47,061 49,081 TOTAL NEf ASSErs 109,726 123,115 THE FLNDS OF THE CHARirY Unrestricted income ndS 109.726 123,115 TOTAL CHARITY FUNDS 109.726 123.115 The financial statemettts were approved by the Board of Tnjsiees on D SAVAGE TRUSTEE The notes on pages 6 to 8 forni part of these financial 5tatemeThts.
NCI COMMUNITY ASSOCIATION CIO FINANCIAL STATEMENTS FOR THE YEAR ENDF.D 3 1ST MARCH 2024 BALANCE SHEET 2024 2023 Notes FIXED ASSETS 62,665 74,034 CURRENT ASSETS Cash al bank Debtors 38.441 10.137 43,411 10,137 TOTAL CURRENT ASSETS 48,578 53,548 CURRENT LIABILITIES Creditors 1.517 4.467 NET CURRE.NT ASSETS 47.061 49,081 T(yfAL NET ASSETS 109,726 123,115 THL FUNDS OF THE CHARITY Unrestricted tncome funds 109,726 123,115 TOTAL CHARITY FUNr)s 109.726 123,115 The financial ststements were approved by thc Board of Tru5tces on D SAVAGE TRUS'fEE The notes on pages 6 to 8 forni part of these financial statements.