**Charity registration number 1177212 (England and Wales)**
# **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr J Collins Mrs D Leach Mrs N Richardson Mrs D Mulley Mr D Mulley Mrs N Reed Mrs J Dawn Mr D Dawn **Charity number (England and Wales)** 1177212 **Principal address** Rutherglen Road Redhouse Estate Sunderland Tyne & Wear SR5 5LJ **Independent examiner** Willis Scott Group 5 Beach Road South Shields Tyne & Wear NE33 2QA
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Statement of trustees' responsibilities|4|
|Independent examiner's report|5|
|Statement of financial activities|6 - 7|
|Balance sheet|8|
|Notes to the financial statements|9 - 18|
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The trustees present their annual report and financial statements for the year ended 31 December 2024.
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)".
## **Objectives and activities**
The purposes of the charity as set out on its governing document.
The objects of this CIO are to establish and run a community building and to promote, for the benefit of the inhabitants of Redhouse Estate and the surrounding area, without distinction of sex, sexual orientation, age, disability, nationality, race, political, religious or other opinions, the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the conditions of life and said inhabitants.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## _Activities_
## **The main activities undertaken in relation to those purposes during the year.**
The addition to offering a wide variety of clubs and activities we have also spent time and money on refurbishing large areas of the Community Centre to help draw people in from our community.
## **The main activities undertaken during the year to further the charity's purpose for the public benefit.**
The charity had the pleasure of hosting the following sections during the year in addition to providing room hire for private functions etc:
Crafternoon Social Christmas Fair Circuit Training Community Bowls Section Dance competitions Karate Ladies Coffee Morning Oasis Fish Club ROAB (John Crown) ROAB (Pride of the Wear) Wednesday Tea Dance Children in Need
- 1 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Achievements and performance**
## _Significant activities and achievements against objectives_
2024 has been an eventful and at times difficult year. There have been three different treasurers. The first new one found it too time consuming which was affecting her personal life. The second one stole, £4,817.00 from the monthly accounts and an estimated £450.00 at the time membership fees, making a total of £5,267.00. Most of the cash had been passed to him during August and September by the section leaders or the secretary for room hire etc. However £620.00 was withdrawn from the bank with one transfer to his personal account and four withdrawals from ATM machines.
This member was barred from the Community Centre indefinitely and the police were informed. He was arrested and dealt with by them. Unfortunately there was no allowance made for the missing money.
We are presently trying to retrieve it through our insurance but that is not an easy process and still ongoing.
The main expense was the refurbishment of the ladies toilets which cost £17,294.00 but was offset by a grant of £10,000.00 from the City of Sunderland Council with support from our local Councillors. £7,200.00 of the council grant was paid directly to the builder and £2,800.00 directly into the Community Association account.
The next largest project was the removal of the roof security spikes which were in danger of falling and replacing the flashing above the window line at a cost of £2,150.00.
The Social Club made a total of £8,646.75 in special donations towards these and other large expenses that the Community Association incurred during the year.
There was a dramatic increase in utility bills over the year during which the basic cost of electricity, gas and water increased by £7,506.00 from 2023.
Once again we would like to thank all of the section leaders, the trustees and other members of the committee for their continued support. Also our Redhill Councillors who have been there to offer advice and support when required.
## **The difference the charity's performance during the year has made to the beneficiaries of the charity and**
## **wider society.**
We have continued to be a vital community hub for the Redhouse Estate and the surrounding areas of Sunderland.
## **Financial review**
Incoming resources in the period were £48,033 (2023: £42,456) and there was a surplus of £599 (2023: £5,461 deficit). Total reserves increased during the period from £22,907 to £23,506.
The trustees consider the financial performance by the charity during the year to have been satisfactory. Specific changes in fixed assets are detailed in the notes to the accounts.
## _Reserves policy_
The trustees have agreed to maintain unrestricted funds at a level which will allow the Community Association to continue to operate, without any external funding, for a period in excess of twelve months. Unrestricted funds are donated to the Community Association by Redhouse CA Social Club CIC (company number 11437623), a company limited by guarantee, on a monthly basis, and the funds are used towards the day to day operation and upkeep of the Community Association premises at Rutherglen Road, Redhouse Estate, Sunderland.
## **Availability and adequacy of assets of each of the funds**
The board of Trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
- 2 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Structure, governance and management**
The trustees who served during the year and up to the date of signature of the financial statements were: Mr J Collins
Mrs D Leach Mrs N Richardson Mrs D Mulley Mr D Mulley Mrs N Reed Mrs J Dawn Mr D Dawn
## _Recruitment and appointment of trustees_
The members of the management committee are elected annually by way of nomination at the AGM, and normally hold office until the AGM the following year. Any co-opted non voting vacancy may be filled by way of nomination at the next meeting of the management committee within 7 days of the notice calling the AGM.
New Trustees undergo an induction to brief them on their legal obligations under charity law, as well as the committee and decision making processes, the up to date business plan and recent financial performance of the CIO. During their induction the Trustees are encouraged to meet key volunteers as well as the other Trustees. New Trustees are also advised to attend appropriate external training events, where these can facilitate a greater understanding of their legal responsibilities.
## **Details of The Independent Examiner**
During the year, the trustees appointed Mrs Wendy Lund of Wills Scott Group as the independent examiner to the charity. The trustees thank the previous independent examiner Mr J Mills of Laverick Walton & Co for their service.
The trustees' report was approved by the Board of Trustees.
Mrs N Richardson
## **Trustee**
7 April 2026
- 3 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.
- 4 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
I report to the trustees on my examination of the financial statements of Redhouse & District Community Association (the charity) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
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.
## **Mrs Wendy Lund**
## **Willis Scott Group**
5 Beach Road South Shields Tyne & Wear NE33 2QA 7 April 2026
- 5 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Current financial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**4**
6,161
6,046
Charitable activities
Charitable activities
**5**
35,826
-
**Total income**
41,987
6,046
**Expenditure on:**
Charitable activities
**6**
36,121
6,046
Other expenditure
**8**
5,267
-
**Total expenditure**
41,388
6,046
**Net income/(expenditure) and movement in funds**
599
-
**Reconciliation of funds:**
Fund balances at 1 January 2024
22,907
-
**Fund balances at 31 December 2024**
23,506
-|**Total**
**2024**
**£**
12,207
35,826
48,033
42,167
5,267
47,434
599
22,907
23,506|**Total**
**2023**
**£**
3,925
-
38,531
42,456
47,917
-
47,917
(5,461)
28,368
22,907|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 18 form part of these financial statements.
- 6 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Prior financial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**4**
939
2,986
Charitable activities
Charitable activities
**5**
38,531
-
**Total income**
39,470
2,986
**Expenditure on:**
Charitable activities
**6**
44,931
2,986
**Total expenditure**
44,931
2,986
**Net income and movement in funds**
(5,461)
-
**Reconciliation of funds:**
Fund balances at 1 January 2023
28,368
-
**Fund balances at 31 December 2023**
22,907
-|**Total**
**2023**
**£**
3,925
-
38,531
42,456
47,917
47,917
(5,461)
28,368
22,907|
|---|---|
- 7 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2024**_
|**2024**
**Notes**
**£**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Debtors
**10**
1,855
Cash at bank and in hand
17,060
18,915
**Creditors: amounts falling due within**
**one year**
**11**
(20,530)
**Net current (liabilities)/assets**
**Total assets less current liabilities**
**The funds of the charity**
Unrestricted funds
**14**|**2023**
**£**
**£**
25,121
1,589
20,057
21,646
(14,937)
(1,615)
23,506
23,506
23,506|**£**
16,198
6,709|
|---|---|---|
|||22,907|
|||22,907|
|||22,907|
The notes on pages 9 to 18 form part of these financial statements.
The financial statements were approved by the trustees on 7 April 2026
Mrs N Richardson **Trustee**
- 8 -
**REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **Charity information**
The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW).
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
The trustees are all individuals.
## **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" 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)". 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**
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 December 2024, the Trustees are satisfied that at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainties about the charity's ability to continue as a going concern.
## **Risks and future assumptions**
The charity is a public benefit entity.
The Trustees have a risk management strategy which comprises:
- an annual review of the risks that the charity may face;
- the establishment of systems and procedures to mitigate those risks identified in the plan;
- implementation of procedures to minimise any potential impact on the charity should these risk materialise.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
- 9 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
The charity does not have any designated funds.
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.
## **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.
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.
When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned, and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income.
When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then income is not deferred.
Any condition that allows for the recovery by the donor of any unexpected part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.
The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation.
The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.
- 10 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
A liability, and related expenditure is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
## **Volunteers**
In accordance with the SORP, and in recognition of the difficulties in placing monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers.
## **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.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold premises and alterations 25% Reducing Balance Plant and equipment 25% Reducing Balance Fixtures and fittings 25% Reducing Balance Computers 33.3% Reducing Balance
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 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.
- 11 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.9 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.
## **1.10 Taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received withing categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
## **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.
- 12 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.12 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **1.13 The contribution of volunteers**
The charity depends on the support of its volunteers, which is much appreciated. The arrangements with volunteers are difficult to value precisely in monetary terms and have been recognised on the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangement.
No employee received emoluments (excluding pension costs) in excess of £60,000 per annum.
## **2 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **3 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.
## **4 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
6,161
-
Grants
-
6,046
6,161
6,046|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
6,161
939
-
6,046
-
2,986
12,207
939
2,986|**Total**
**2023**
**£**
939
2,986|
|---|---|---|
|||3,925|
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## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**4**
**Income from donations and legacies**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**Donations and gifts**
Membership
subscriptions as
donations
831
-
Small donations
individually less than
£1,000
330
-
Social Club
5,000
-
6,161
-
**Grants**
Empower Sunderland
-
261
Sunderland City Council
Difibrilator Grant
-
180
Sunderland City Council
-
1,431
Sunderland City Council
SIB
-
763
Sunderland City Council
Refurbishment of ladies
toilet
-
2,500
Redhouse CA Social Club
CIC
-
911
-
6,046
**5**
**Income from charitable activities**
Community Groups and Social Club
Hire of Hall|**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**(Continued)**
831
929
-
929
330
10
-
10
5,000
-
-
-
6,161
939
-
939
261
-
348
348
180
-
240
240
1,431
-
1,381
1,381
763
-
1,017
1,017
2,500
-
-
-
911
-
-
-
6,046
-
2,986
2,986
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
26,056
33,226
9,770
5,305
35,826
38,531|**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**(Continued)**
831
929
-
929
330
10
-
10
5,000
-
-
-
6,161
939
-
939
261
-
348
348
180
-
240
240
1,431
-
1,381
1,381
763
-
1,017
1,017
2,500
-
-
-
911
-
-
-
6,046
-
2,986
2,986
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
26,056
33,226
9,770
5,305
35,826
38,531|
|---|---|---|
|||38,531|
- 14 -
**REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **6 Expenditure on charitable activities**
|**Support costs for charitable activities**
Depreciation and impairment
Rates and water charges
Light, heat and power
Cleaning and waste management
Premises repairs, renewals and maintenance
Property insurance
Telephone, fax and internet
Stationery and printing
Hire of equipment
Sundry expenses
Licences and permits
Donations
Other legal and professional
Direct spending
Governance costs
**Analysis by fund**
Unrestricted funds
Restricted funds|**2024**
**£**
8,373
2,773
12,789
7,345
6,047
863
617
358
1,264
306
173
-
35
40,943
-
1,224
42,167
36,121
6,046
42,167|**2023**
**£**
4,870
2,620
10,316
6,898
15,774
783
540
589
1,264
228
159
910
35|
|---|---|---|
|||44,986
1,921
1,010|
|||47,917|
|||44,931
2,986|
|||47,917|
Governance costs includes payments to the Independent Examiner of £1,224 (2023: £1,010) for independent examination fees.
|**7**|**Net movement in funds**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
|||-|-|
||Depreciation of owned tangible fixed assets|8,374|4,870|
- 15 -
**REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **8 Other expenditure**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Monies stolen|5,267|-|
During the year, the charity identified a loss of £5,267 arising from the misappropriation of funds. The matter was promptly investigated and reported to the appropriate authorities. Steps have been taken to strengthen internal financial controls and governance procedures to mitigate the risk of recurrence. The trustees continue to monitor the situation and, where appropriate, are pursuing recovery of the funds.
## **9 Tangible fixed assets**
|**Leasehold**
**premises and**
**alterations**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**Computers**
**£**
**£**
**£**
**£**
**Cost**
At 1 January 2024
47,507
2,815
8,017
22
Additions
17,294
-
-
-
At 31 December 2024
64,801
2,815
8,017
22
**Depreciation and impairment**
At 1 January 2024
37,879
2,060
2,201
20
Depreciation charged in the year
6,730
189
1,454
1
At 31 December 2024
44,609
2,249
3,655
21
**Carrying amount**
At 31 December 2024
20,192
566
4,362
1
At 31 December 2023
9,625
755
5,816
2|**Total**
**£**
58,361
17,294|
|---|---|
||75,655|
||42,160
8,374|
||50,534|
||25,121|
||16,198|
## **10 Debtors**
|**Debtors**|||
|---|---|---|
||**2024**|**2023**|
|**Amounts falling due within one year:**|**£**|**£**|
|Prepayments and accrued income|1,855|1,589|
- 16 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **11 Creditors: amounts falling due within one year**
|**Notes**
Deferred Income - Restricted funds
**12**
Trade creditors
Accruals
**Government grants**|**2024**
**£**
18,138
491
1,901
20,530|**2023**
**£**
10,537
2,260
2,140
14,937
**2023**
**£**
10,537
10,363
(2,986)
3,160
10,537|
|---|---|---|
|Deferred income is included in the financial statements as follows:|||
|Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 January 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 December 2024|**2024**
**£**
18,138
10,537
(6,046)
13,647
18,138||
## **12 Government grants**
Deferred income included in creditors relate to funding specified by the funders as relating to specific periods and represent those parts of restricted funds which relate to periods subsequent to the accounting year end and are treated as grants in advance, or alternatively, where there are conditions which must be fulfilled prior to entitlement or use of the restricted funds by the charity.
## **13 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**|**January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|---|---|
||||**2024**|**resources**|**expended**|**December**|
|||||||**2024**|
||||**£**|**£**|**£**|**£**|
||||-|6,046|(6,046)|-|
|**Previous year:**|**At**|**1**|**January**|**Incoming**|**Resources**|**At 31**|
||||**2023**|**resources**|**expended**|**December**|
|||||||**2023**|
||||**£**|**£**|**£**|**£**|
||||-|2,986|(2,986)|-|
- 17 -
## **REDHOUSE & DISTRICT COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **14 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 January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|
||**2024**|**resources**|**expended**|**December**|
|||||**2024**|
||**£**|**£**|**£**|**£**|
|General funds|22,907|41,987|(41,388)|23,506|
|**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**At 31**|
||**2023**|**resources**|**expended**|**December**|
|||||**2023**|
||**£**|**£**|**£**|**£**|
|General funds|28,368|39,470|(44,931)|22,907|
## **15 The purpose for which the funds**
## _**Unrestricted and designated funds:-**_
Unrestricted funds These funds are held for the meeting of the objectives of the charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.
## _**Restricted funds:-**_
Restricted funds These funds are held for the meeting of the conditions of capital grants.
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
## **17 Ultimate controlling party**
The charity is under the control of its legal members.
- 18 -