Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
Charity number: 1199321
WHITTON COMMUNITY ASSOCIATION
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 18 |
Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2024
| Trustees | Mark Paul Hopkins, Chair |
|---|---|
| Alan Lewis Rides | |
| Alan Wallace Davidson | |
| Janice Anne Elizabeth Kilsby | |
| Dominic James Turnbull | |
| Nicholas John Dexter | |
| Kathleen Egan (appointed 8 March 2024) | |
| Linda Ann Sheehan (appointed 12 July 2024) | |
| Lesley Pollesche, Representative of London Borough of Richmond upon Thames | |
| Kuldev Sehra, Representative of London Borough of Richmond upon Thames | |
| Charity registered number 1199321 Principal office Whitton Community Centre Percy Road Whitton Middlesex TW2 6JL Accountants Feltons Chartered Accountants 1 The Green Richmond Surrey TW9 1PL |
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Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
TRUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial statements of the Whitton Community Association for the year 1 April 2023 to 31 March 2024.
Objectives and activities
a. Policies and objectives
The objectives of the Association are to provide facilities in the interest of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the inhabitants of Whitton and the neighbourhood.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
The Association maintains and manages a Community Centre for activities promoted in furtherance of the Associations objectives.
These activities are undertaken to further the charity's purposes for the public benefit and the Trustees have considered the guidance of the Charity's Commission in this regard.
Achievements and performance
a. Main achievements of the Charity
The Association started trading as Whitton Community Association on 1 April 2023. The former “The Whitton Community Association” ceased trading on 30 April 2023). This overlap allowed for the donation of liquid and fixed assets to Whitton Community Association. The liquid assets (including restricted grants) amounted to £68,850; the donations from 'The Whitton Community Association' are included in donations received in the period. A consequence of this overlap was that income and expenditure during April 2023 was allocated to The Whitton Community Association rather than the new organisation - meaning that in practice, these accounts cover eleven months active trading instead of twelve. This means a comparison with the 2022/23 accounts of The Whitton Community Association would serve no purpose.
A part of the donation of assets was a restricted grant from the Council to cover the cost of the 2022/23 Warm Hub project. During the period the Council agreed to a modified set of criteria and so the surplus was fully utilised during the year.
The move to a new structure meant that the head lease had to be modified and this was successfully completed.
During the year the existing central heating system continued to cause problems. A complete replacement of the boiler was deemed too expensive, so it was decided that the central heating would be converted to electric wall heaters which was completed by the end of March 2024. This was funded by the London Borough of Richmond upon Thames (who own the building) as part of their agreement to keep the building in good working order.
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Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
Each year the Trustees review the financial position and allocates as appropriate to surplus funds, reserves in accordance with the Reserves Policy.
Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure. The Trustees consider that the ideal level of reserves would be between two and three month’s expenditure, excluding the Service Agreement Rent.
c. Results
The Charity received income of £278,266 during the period and there was a surplus of £44,451 which has been added to reserves.
d. Post period end events
In December 2023, in response to feedback from users, particularly about the state of the toilets, we applied for a grant of £91,200 from the Council’s Community Levy Fund. Confirmation that the Charity's application had been accepted was received in May 2024 and 50% of the funds were received in August 2024. Works are under way, in particular to refurbishing the existing toilets to include dedicated changing facilities.
Structure, governance and management
a. Constitution
Whitton Community Association is a registered charity, number 1199321, and is constituted under a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
c. Organisational structure and decision-making policies
The policy and general management of the affairs of the Association is directed by the Trustees.
Sections of the Association may be formed with the permission of the Trustees for the furtherance of a common activity. Funds for each section are restricted whilst the section is active.
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Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024
Plans for future periods
It was generally recognised that the Community Centre needed either a major upgrade or rebuilding. Discussions took place with Councillors and Council officials. During the period the Council took an in-principle decision to proceed with a full re-build as part of a mixed development with affordable housing. These discussions were ongoing at the end of the period. In November 2024 the Council included in their own budget the sum of approx £500,000 to enable external design consultants to look at the rebuild option, engaging with the Association and the wider community.
Statement of Trustees' responsibilities
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 & 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 its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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.
13 January 2025 Approved by order of the members of the board of Trustees on and signed on their behalf by:
Mark Paul Hopkins (Chair of Trustees)
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WHITTON COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 MARCH 2024
Independent Examiner's Report to the Trustees of Whitton Community Association ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accounts in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) 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 been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
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WHITTON COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024
13 January 2025 Signed: Dated: David Alesbury Chartered Accountant
Feltons 1 The Green Richmond TW9 1PL
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Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Total income Expenditure on: Raising funds 6 Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 108,612 138,509 892 248,013 542 215,808 216,350 31,663 31,663 31,663 |
Restricted funds 2024 £ 14,495 15,758 - 30,253 - 17,466 17,466 12,787 12,787 12,787 |
Total funds 2024 £ 123,107 154,267 892 |
|---|---|---|---|
| 278,266 | |||
| 542 233,274 |
|||
| 233,816 | |||
| 44,450 | |||
| 44,450 | |||
| 44,450 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 18 form part of these financial statements.
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Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
BALANCE SHEET AS AT 31 MARCH 2024
| Note Fixed assets Current assets Debtors 12 11,234 Cash at bank and in hand 39,383 50,617 Creditors: amounts falling due within one year 13 (6,167) Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 15 Unrestricted funds 15 Total funds The financial statements were approved and authorised for issue by the Trustees on_______and signed on their behalf by: Mark Paul Hopkins Nicholas John Dexter 13 January 2025 |
2024 £ |
|---|---|
| - 44,450 |
|
| 44,450 | |
| 44,450 | |
| 44,450 | |
| 12,787 31,663 |
|
| 44,450 | |
The notes on pages 9 to 18 form part of these financial statements.
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Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
1. General information
Whitton Community Association was registered with the Charity Commission as a Charitable Incorporated Organisation on 15 June 2022. The address of the principal office is shown on page 1. The registered charity number is 1199321.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and 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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Whitton Community Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
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Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
2. Accounting policies (continued)
2.3 Expenditure (continued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
The Association has a Service Level Agreement with its landlords, London Borough of Richmond upon Thames. Provided the Association meets the agreed levels of service, the Council agree to making a grant to the Association equal to the annual rent payable of £58,000. Since both the grant and rent are payable, they are included in the accounts.
All expenditure is inclusive of irrecoverable VAT.
2.4 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
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WHITTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
2. Accounting policies (continued)
2.9 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
3. Income from donations and legacies
| Unrestricted funds 2024 £ Donations Service level agreement 53,167 The Whitton Community Association 55,105 Sundry donations 249 Subscription 91 Subtotal detailed disclosure 108,612 Government grants - Subtotal - 108,612 |
Restricted funds 2024 £ - 13,745 - - 13,745 750 750 14,495 |
Total funds 2024 £ 53,167 68,850 249 91 |
|---|---|---|
| 122,357 | ||
| 750 | ||
| 750 | ||
| 123,107 |
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Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
4. Income from charitable activities
| Unrestricted funds 2024 Restricted funds 2024 £ £ Photographic - 1,767 WARG - 1,780 Line Dancing - 3,447 Table Tennis - 2,300 Weigh In & Work Out - 6,464 Outside lettings 126,679 - Pharmacy and Vaccination Centre 11,770 - Kitchen and Sundry 60 - 138,509 15,758 5. Income from other trading activities Income from fundraising events Unrestricted funds 2024 £ Events 892 6. Expenditure on raising funds Fundraising trading expenses Unrestricted funds 2024 £ Fundraising Events 542 |
Total funds 2024 £ 1,767 1,780 3,447 2,300 6,464 126,679 11,770 60 |
|---|---|
| 154,267 | |
| Total funds 2024 £ 892 |
|
| Total funds 2024 £ 542 |
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Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
6. Expenditure on raising funds (continued)
7. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2024 £ Photographic - WARG - Line Dancing - Weigh In & Work Out - Outside lettings 215,137 Pharmacy and Vaccination Centre 639 Kitchen and Sundry 32 Restricted funds - grants - 215,808 8. Analysis of expenditure by activities |
Restricted funds 2024 £ 470 1,043 1,532 3,689 - - - 10,732 17,466 |
Total 2024 £ 470 1,043 1,532 3,689 215,137 639 32 10,732 |
|---|---|---|
| 233,274 | ||
| Photographic WARG Line Dancing Weigh In & Work Out Outside lettings Pharmacy and Vaccination Centre Kitchen and Sundry Restricted funds - grants |
Activities undertaken directly 2024 £ 470 1,043 1,532 3,689 107,595 639 32 9,776 124,776 |
Support costs 2024 £ - - - - 107,542 - - 956 108,498 |
Total funds 2024 £ 470 1,043 1,532 3,689 215,137 639 32 10,732 |
|---|---|---|---|
| 233,274 |
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Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
8. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Direct Expenditure Rent and Rates Insurance Gas Electricity Cleaning Materials & Laundry Maintenance & Replacements Analysis of support costs |
Total funds 2024 £ 68,738 7,340 2,224 1,731 470 18,264 5,077 20,933 |
|---|---|
| 124,777 | |
| Staff costs Printing, Stationery & Advertising Travel, Subsistence & Entertaining Bank Charges Legal & Professional Fees Sundries & Licences Telephone & Internet Computer costs Bad Debts Service Agreement Rent Governance costs |
Total funds 2024 £ 39,129 756 523 11 3,040 1,457 1,283 4,842 287 53,167 4,002 |
|---|---|
| 108,497 |
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WHITTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
9. Independent examiner's remuneration
| 2024 | |
|---|---|
| £ | |
| Fees payable to the Charity's independent examiner for the independent examination of | |
| the Charity's annual accounts | 3,500 |
10. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2024 £ 102,873 2,897 2,098 |
|---|---|
| 107,868 |
The average number of persons employed by the Charity during the year was as follows:
| Direct staff Support staff |
2024 No. 4 2 |
|---|---|
| 6 |
No employee received remuneration amounting to more than £60,000 in either year.
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits.
During the year ended 31 March 2024, no Trustee expenses have been incurred.
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WHITTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
12. Debtors
| Due within one year Trade debtors Other debtors |
2024 £ 9,312 1,922 |
|---|---|
| 11,234 |
13. Creditors: Amounts falling due within one year
| Other taxation and social security Accruals and deferred income |
2024 £ 967 5,200 |
|---|---|
| 6,167 |
14. Financial instruments
| 2024 | |
|---|---|
| £ | |
| Financial assets | |
| Financial assets measured at fair value through income and expenditure | 39,383 |
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Docusign Envelope ID: EF5838D7-B334-4129-86CC-0EA117AD46D5
WHITTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
15. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds Photographic WARG Line Dancing Table Tennis Weigh In & Work Out Grants Total of funds |
Income £ 248,013 2,600 1,794 4,740 2,652 7,481 10,986 30,253 278,266 |
Expenditure £ (216,350) (470) (1,043) (1,532) - (3,689) (10,732) (17,466) (233,816) |
Balance at 31 March 2024 £ 31,663 |
|---|---|---|---|
| 2,130 751 3,208 2,652 3,792 254 |
|||
| 12,787 | |||
| 44,450 |
16. Summary of funds
Summary of funds - current year
| General funds Restricted funds |
Income £ 248,013 30,253 278,266 |
Expenditure £ (216,350) (17,466) (233,816) |
Balance at 31 March 2024 £ 31,663 12,787 |
|---|---|---|---|
| 44,450 |
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WHITTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
17. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2024 £ Current assets 37,830 Creditors due within one year (6,167) Total 31,663 |
Restricted funds 2024 £ 12,787 - 12,787 |
Total funds 2024 £ 50,617 (6,167) 44,450 |
|---|---|---|
18. Pension commitments
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund.
19. Related party transactions
The Whitton Community Association has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Whitton Community Association at 31 March 2024.
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