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2024-01-31-accounts

Charity registration number 1191701

Company registration number CE024204 (England and Wales)

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees P Harvey
Cllr A Deville
Kathy Chester (Appointed 18 May 2023)
James Cantwell
A Deville (Appointed 27 May 2023)
A Chapman (Appointed 27 May 2023)
Charity number 1191701
Company number CE024204
Principal address The Community Centre
Harmondsworth Road
West Drayton
Middlesex
England
UB7 9JL
Auditor D E Hunter Limited
2 Salisbury Close
Wokingham
Berkshire
England
RG41 4AJ

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

CONTENTS

Page
Trustee's report 1 - 3
Independent auditor's report 4 - 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 15

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 JANUARY 2024

The trustees present their annual report and financial statements for the year ended 31 January 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 trust deed, the Companies Act 2006 and "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 2019)".

Objectives and activities

In the trust deed between the Association and the local authority of Yiewsley and West Drayton (now the London Borough of Hillingdon), dated the 2nd April 1946, as subsequently amended, the object is to provide a community centre for those working and residing in the Urban Borough of Yiewsley and West Drayton.

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 Companies Act 2006 and "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 2019).

The Association's policy is to consult and discuss with employees during meetings, matters likely to affect employees' interests.

Information of matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the groups performance.

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the charity continues and that the appropriate training is arranged. It is the policy of the charity that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Achievements and performance

The results for the year are set out on pages 5 and 6.

Financial review

The results for the year are set out on pages 5 and 6.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

TRUSTEE'S REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JANUARY 2024

Structure, governance and management

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Cllr S Ahmad-Wallana (Resigned 27 May 2023)
R Egleton (Resigned 27 May 2023)
P Harvey
J Davies (Resigned 27 May 2023)
Cllr A Deville
Cllr J Duncan (Resigned 14 May 2023)
Kathy Chester (Appointed 18 May 2023)
James Cantwell
A Deville (Appointed 27 May 2023)
A Chapman (Appointed 27 May 2023)

The trust deeds provide for six trustees, of whom the committee elects three and the local authority appoints three. There is also a Management committee which is elected by the members at the Annual General Meeting. The management committee oversea the day to day running of the association, while the Trustees hold the property.

None of the trustees has any beneficial interest in the company. Thus no trustee is remunerated or draws expenses from the Association.

Going concern

This year the accounts have shown a loss, due to the increase expenses in depreciation and maintenance repairs of the building. The Charity still has sufficient working capital. The trustees are of the opinion that the organisation is still a going concern as the building is in a good state and bookings for the halls and regular hiring have increased post refurbishment and has been completed

Statement of Trustee's responsibilities

The trustees, who are also the directors of Yiewsley & West Drayton Community Association for the purpose of company law, are responsible for preparing the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law 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, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate 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 Companies Act 2006. 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.

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

TRUSTEE'S REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 JANUARY 2024

Auditor

In accordance with the charity's articles, a resolution proposing that D E Hunter Limited be reappointed as auditor of the charity will be put at the Annual General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustee's report was approved by the Board of Trustees.

..............................

A Chapman Trustee Dated: .........................

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

Opinion

We have audited the financial statements of Yiewsley & West Drayton Community Association (the ‘charity’) for the year ended 31 January 2024 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

Responsibilities of trustees

As explained more fully in the statement of Trustee's responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

The auditor’s explanation of its audit response will depend on the risks identified but may include:

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/ auditorsresponsibilities. This description forms part of our auditor's report.

This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr David John Hunter FCCA (Senior Statutory Auditor)

for and on behalf of D E Hunter Limited

.........................

Chartered Certified Accountants Statutory Auditor

2 Salisbury Close Wokingham Berkshire England RG41 4AJ

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JANUARY 2024

Notes
Income from:
Donations and legacies
3
Charitable activities
Bingo
5
Membership fees
5
Lettings
5
Other income
5
Donations and fundraising
4
Bank interest receivable
6
Total income
Expenditure on:
Charitable activities
Charity administration expenses
7
Salaries, social security and pensions
7
Total charitable expenditure
Net expenditure for the year/
Net movement in funds
Fund balances at 1 February 2023
Fund balances at 31 January 2024		 2024
£
1,962
1,750
321
127,063
52,657
8,976
164
192,893
84,625
124,724
209,349
(16,456)
244,445
227,989		 2023
£
1,556
1,804
309
118,861
38,765
8,976
57
170,328
76,542
111,511
188,053
(17,725)
262,170
244,445

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

BALANCE SHEET

AS AT 31 JANUARY 2024

Notes
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current liabilities
Total assets less current liabilities
Net assets excluding pension liability
The funds of the charity
Unrestricted funds		 2024
£
3,871
10,088
13,959
(36,517)		 £
250,547
(22,558)
227,989
227,989
227,989
227,989		 2023
£
2,919
18,072
20,991
(34,217)		 £
257,671
(13,226)
244,445
244,445
244,445
244,445

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 January 2024, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on .........................

.............................. ..............................
Kathy Chester A Chapman
Trustee Trustee

Company registration number CE024204 (England and Wales)

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

1 Accounting policies

Charity information

Yiewsley and West Drayton Community Association is an unincorporated charity, No. 0303087. The registered office is The Community Centre, Harmondsworth Road, West Drayton, Middlesex, Great Britain, UB7 9JL.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's trust deed, the Companies Act 2006 and "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 2019)". 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 applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

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.

1.5 Expenditure

The charitable income is held in and unrestricted fund. The charitable expenditure relates to the unrestricted funded expenses used by the charity to maintain the charities land and buildings to enable the charity to carry out it's charitable activities. Other expenses are administration expenses in the running of the charity, these are also unrestricted funds.

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2024

1 Accounting policies

(Continued)

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:

Land and buildings Not depreciated Plant and machinery 25% reducing balance Computers 33% straight line

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.

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.

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2024

1 Accounting policies

(Continued)

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 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.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 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.

3 Donations and legacies

2024 2023
£ £
Donations and fundraising 1,962 1,556

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2024

4 Income from other trading activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Trading activity income: other 8,976 8,976
5 Charitable activities
Charitable activities
Regular Lettings
Grants received
Social club rent
Caretakers house rent
Other income		 Bingo
Membership
fees
£
£
1,750
321
-
-
-
-
-
-
-
-
-
-
1,750
321		 Lettings
Other income
£
£
55,696
-
70,112
-
-
-
-
37,500
-
11,150
1,255
4,007
127,063
52,657		 Total
2024
£
57,767
70,112
-
37,500
11,150
5,262
181,791		 Total
2023
£
62,150
57,701
2,415
25,000
11,350
1,123
159,739

6 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 164 57

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2024

7 Charitable activities

Charity
administratio
n expenses
Salaries,
social security
and pensions
£
£
Staff costs
-
112,072
Depreciation and impairment
-
12,652
Water rates
2,661
-
Insurance
6,878
-
Light and heat
24,537
-
Repairs and maintenance
27,346
-
Printing, postage and stationery
1,796
-
Telephone
2,562
-
Sundry
4,222
-
Subscriptions
1,968
-
Audit fees
3,045
-
Bank charges
610
-
Bank loan interest
1,161
-
Computer running costs
2,789
-
Legal and professional
4,521
-
Advertising and fund raising costs
529
-
84,625
124,724
84,625
124,724
Analysis by fund
Unrestricted funds - general
84,625
124,724
84,625
124,724
For the year ended 31 January 2023
Unrestricted funds - general
76,542
111,511
76,542
111,511
8
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets		 Total
2024
£
112,072
12,652
2,661
6,878
24,537
27,346
1,796
2,562
4,222
1,968
3,045
610
1,161
2,789
4,521
529
209,349
209,349
209,349
209,349
2024
£
12,652		 Total
2023
£
98,775
12,736
4,378
5,589
17,945
29,875
1,025
2,077
4,908
1,845
3,045
955
1,207
-
3,453
240
188,053
188,053
188,053
188,053
2023
£
12,736

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2024

10 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
4 4
Employment costs 2024 2023
£ £
Wages and salaries 104,187 91,743
Social security costs 1,815 1,268
Other pension costs 6,070 5,764
112,072 98,775

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Tangible fixed assets

Tangible fixed assets
Land and
buildings
Plant and
machinery
Computers
£
£
£
Cost
At 1 February 2023
219,949
50,922
15,459
Additions
-
5,529
-
At 31 January 2024
219,949
56,451
15,459
Depreciation and impairment
At 1 February 2023
-
21,342
7,318
Depreciation charged in the year
-
7,551
5,101
At 31 January 2024
-
28,893
12,419
Carrying amount
At 31 January 2024
219,949
27,558
3,040
At 31 January 2023
219,949
29,581
8,141		 Total
£
286,330
5,529
291,859
28,660
12,652
41,312
250,547
257,671

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2024

13
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
14
Loans and overdrafts
Bank loans
Payable within one year		 2024
£
2,175
-
1,696
3,871
2024
£
22,667
22,667		 2023
£
326
910
1,683
2,919
2023
£
24,000
24,000

Included in trade creditors is the Government Bounce Back loan repayable over 5 years.

15 Creditors: amounts falling due within one year

Notes
Bank loans
14
Other taxation and social security
Payments received on account
Trade creditors
Other creditors
Accruals and deferred income
16
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
22,667
480
5,025
2,912
2,388
3,045
36,517
2024
£
6,070		 2023
£
24,000
-
3,800
1,829
1,543
3,045
34,217
2023
£
5,764

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

YIEWSLEY & WEST DRAYTON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2024

17 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 February Incoming Resources At 31 January
2023 resources expended 2024
£ £ £ £
General funds 244,445 192,893 (209,349) 227,989
Previous year: At 1 February Incoming Resources At 31 January
2022 resources expended 2023
£ £ £ £
General funds 262,170 170,328 (188,053) 244,445

18 Trustees

During the prior year the Board of Trustees discussed the ongoing maintenance of the Community Centre, The initial intentions were to employ a maintenance/caretaker on a full time basis, however, it was resolved that the financial implications would have a bearing on the operations of the charity, as a resolution one of the Trustees put his company forward to carry out any remedial work charging cost of materials and an agreed rate per hour for work done. This was unanimously agreed with the Board of Trustees.