REGISTERED CHARITY NUMBER: 1198635
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2024
for
Helsby Community Association
KPD Business Services Limited The Old Shippon Bradley Frodsham Cheshire WA6 7EP
Helsby Community Association
Contents of the Financial Statements for the Year Ended 30 September 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Helsby Community Association
Report of the Trustees
for the Year Ended 30 September 2024
The trustees present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of 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
Objectives, aims and purpose
The main purpose of the Charity is the operation and management of Helsby Community Centre for the benefit of the residents of Helsby and the surrounding area. The Community Centre is let to a range of voluntary groups and providers of leisure activities who contribute to the community's wellbeing.
Public benefit
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
a. The Community Centre continues to be used extensively by a range of organisations who provide community activities and there are also a number of occasional uses for events as diverse as family parties and as a polling station in local and national elections.
b. Usage of the Community Centre remains at a high level and at times is close to capacity. This has allowed the trustees to keep hire charges at levels that compare favourably with those charged by comparable venues
FINANCIAL REVIEW
The Charity is funded by charges to users. Receipts for the year were £19,955 and payments were £14,558, leaving a surplus of £5,397. When added to the balances brought forward, the resulting surplus at the end of the year was £35,632. Apart from the bank balances, the Charity has no material assets.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a Charitable Incorporated Organisation operating under a constitution registered with the charity commission.
Charity constitution
The trustees are supported by a management committee whose members are appointed by the principal users of the Community Centre.
Recruitment and appointment of new trustees
New trustees are selected for appointment by the trustee board. In selecting individuals for appointment as charity trustees, the Charity's trustees have regard to the skills, knowledge and experience needed for the effective administration of the Charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1198635
Principal address
Lower Robin Hood Lane Helsby Frodsham Cheshire WA6 0BA
Trustees
Ms S D Batty P Connor Ms K M Moss
Page 1
Helsby Community Association
Statement of Financial Activities for the Year Ended 30 September 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 95 Charitable activities Community centre activities 19,030 Investment income 2 830 Total 19,955 EXPENDITURE ON Charitable activities Community centre activities 14,558 NET INCOME 5,397 RECONCILIATION OF FUNDS Total funds brought forward 30,235 TOTAL FUNDS CARRIED FORWARD 35,632 |
2023 Total funds £ 97 15,271 89 |
|---|---|
| 15,457 | |
| 14,107 | |
| 1,350 28,885 |
|
| 30,235 |
The notes form part of these financial statements
Page 4
| ?a24 | 2023 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| tund | funds | ||
| Notes | f, | ||
| CURRENTASSETS | |||
| Debtors | 5 | 102 | tw |
| Cashatbankandhhand | 35,930 | 30,533 | |
| J6,032 | 30,635 | ||
| CREDITOR.S | |||
| Amountsfalling duewithinooeyear | (400) | (400) | |
| NETCURRENTASSETS | 35,632 | 30,235 | |
| TOTALASSETS LESSCURRENT | |||
| LIABILITIES | 35,632 | 30,235 | |
| NETASSETS | 35,632 | 34,235 | |
| F'UNDS | |||
| Unresfictedfunds | 35,632 | 30,235 | |
| TOTALF'T]NDS | 35,632 | 30,235 : |
Helsby Community Association
Notes to the Financial Statements for the Year Ended 30 September 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Deposit account interest | 830 | 89 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.
Page 6
continued...
Helsby Community Association
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 97 | |||
| Charitable activities | ||||
| Community centre activities | 15,271 | |||
| Investment income | 89 | |||
| Total | 15,457 | |||
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Community centre activities | 14,107 | |||
| NET INCOME | 1,350 | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 28,885 | |||
| TOTAL FUNDS CARRIED FORWARD | 30,235 | |||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Trade debtors | 102 | 102 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Other creditors | 400 | 400 | ||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.10.23 | in funds | 30.9.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 30,235 | 5,397 | 35,632 | |
| TOTAL FUNDS | 30,235 | 5,397 | 35,632 |
continued...
Page 7
Helsby Community Association
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 19,955 | (14,558) | 5,397 |
| TOTAL FUNDS | 19,955 | (14,558) | 5,397 |
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1.10.22 in funds 30.9.23 £ £ £ 28,885 1,350 30,235 28,885 1,350 30,235 |
Net At movement At 1.10.22 in funds 30.9.23 £ £ £ 28,885 1,350 30,235 28,885 1,350 30,235 |
|---|---|---|
| 30,235 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 15,457 | (14,107) | 1,350 |
| TOTAL FUNDS | 15,457 | (14,107) | 1,350 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1.10.22 in funds 30.9.24 £ £ £ 28,885 6,747 35,632 28,885 6,747 35,632 |
Net At movement At 1.10.22 in funds 30.9.24 £ £ £ 28,885 6,747 35,632 28,885 6,747 35,632 |
|---|---|---|
| 35,632 |
continued...
Page 8
Helsby Community Association
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 35,412 | (28,665) | 6,747 |
| TOTAL FUNDS | 35,412 | (28,665) | 6,747 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2024.
Page 9
Helsby Community Association
Detailed Statement of Financial Activities for the Year Ended 30 September 2024
| Detailed Statement of Financial Activities for the Year Ended 30 September 2024 |
||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Subscriptions | 95 | 97 |
| Investment income | ||
| Deposit account interest | 830 | 89 |
| Charitable activities | ||
| Hire Charge | 17,496 | 14,570 |
| Refund of expenses by council | 1,534 | 701 |
| 19,030 | 15,271 | |
| Total incoming resources | 19,955 | 15,457 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 9,450 | 9,177 |
| Rates and water | 407 | 432 |
| Light and heat | 3,201 | 3,282 |
| Sundries | 109 | 115 |
| Repairs and renewals | 447 | 51 |
| Cleaning and windows | 485 | 519 |
| Association event fees | 57 | 131 |
| Accountancy fees | 400 | 400 |
| Postage and stationery | 2 | - |
| 14,558 | 14,107 | |
| Total resources expended | 14,558 | 14,107 |
| Net income | 5,397 | 1,350 |
This page does not form part of the statutory financial statements
Page 10