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2024-12-31-accounts

SACRISTON COMMUNITY ASSOCIATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report and financial statements for the year ended 31 December 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 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)" (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The object of the Charity is defined as the provision of a recreational, social and educational centre for the benefit of the inhabitants of the area. This is achieved through the provision of various projects in the Community Centre.

Public benefit disclosure

In setting plans and priorities for areas of work, the Trustees of Sacriston Community Association have had regard to the guidance from the Charity Commission on the provision of public benefit. In particular, the Trustees consider how planned activities contribute to meeting the objective set. How Sacriston Community Association delivers its principle charitable activities, as set out in its Memorandum and Articles of Association, is demonstrated in the activities statement.

Achievements and performance

The net income for the year amounted to £928,625 attributable to unrestricted funds and £123,950 attributable to restricted funds.

Financial review

The notes to the accounts disclose the assets and liabilities of the organisation attributable to the various funds by type.

Unrestricted funds amount to £75,276, virtually all of which is freely available. This does not include designated asset transfers. The Trustees have determined that the appropriate level of free reserves which are not invested in tangible fixed assets should be equivalent to at least four months expenditure, which is approximately £60,000. Free reserves at the year end were in excess of this amount, but the Trustees are cognisant of the future requirement to re-invest in the fabric of the facility and its equipment to satisfy the needs and requirements of their users. This will involve the utilisation of annual accumulated surpluses.

Our aim still remains to sustain Reserves by means of annual operating surpluses and judicious management of our resources.

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.

In the ever changing and increasingly difficult financial climate we look to strengthen our resilience by increasing our income year-on-year. We will be looking at gaps in provision locally and consulting with the community to determine our work for the forthcoming year.

Structure, governance and management

The organisation is a charitable incorporated organisation (charity number 1204218) registered as a charity in August 2023 to replace the charitable community association with the same name (charity number 520880), which has been registered as a charity since August 1967. In 2024 the organisation received the assets of Sacriston Community & Sports Trust (charity number 1102883) as part of a merger with the newly established charitable incorporated organisation (CIO) Sacriston Community Association (charity number 1204218).

The association was established under a constitution adopted on in August 2023 which established the objects and powers of the charitable company.

The trustees who served during the year and up to the date of signature of the financial statements were:

Mr Hugh Dixon

Mrs Lilian Burford

Mr Derek Robson

Mr Robert Ludlow

Mrs Margaret Ayton

Mrs Glynis Whitehead

Mrs Bernadette Glasper

Mrs Eileen Donnelly

Ms Debra Forth

The trustees are elected at the AGM to serve a period of 4 years, subject to ratification at each AGM.

Charity registration number: 1204218

SACRISTON COMMUNITY ASSOCIATION TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 4 AUGUST 2023 TO 31 DECEMBER 2024

Sacriston Community Association Contents

Page
Trustees' Report 1—2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5
Statement of Cash Flows 6
Notes to the Statement of Cash Flows 7
Notes to the Financial Statements 8—12
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities 13—15

Sacriston Community Association Trustees' Report For the Period 4 August 2023 to 31 December 2024

The trustees present their report and the financial statements for the period ended 31 December 2024.

Reference and Administrative Details

Trustees

Bernadette Glasper Debra Forth Derek Robson Eileen Donnelly Glynis Whitehead Hugh Dixon (appointed 04/06/2024) Lilian Burford Margaret Ayton Robert Ludlow

Charity Number

1204218

Principal Address

The Fulford Centre Front Street Sacriston Co Durham DH7 6JT

Independent Examiner

Kay Wightman FFA FTA Accounting For Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon-On-Tyne

Page 1

Sacriston Community Association Trustees' Report (continued) For the Period 4 August 2023 to 31 December 2024

The trustees' report was approved by the board of trustees and signed on its behalf by:

Hugh Dixon Trustee 26/03/2026

Page 2

Sacriston Community Association Independent Examiner's Report to the Trustees of Sacriston Community Association For the Period 4 August 2023 to 31 December 2024

I report to the trustees on my examination of the accounts of Sacriston Community Association (the Trust) for the period ended 31 December 2024.

Responsibilities and Basis of Report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’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 Act.

Independent Examiner's Statement

Since the Trust’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 Financial Accountants, which is one of the listed bodies.

I note that a dispensation from audit was granted by the Charity Commission on 12 February 2026 under section 145(1) of the Charities Act 2011 for this financial year.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Kay Wightman FFA FTA 26/03/2026 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon-On-Tyne

Page 3

Sacriston Community Association Statement of Financial Activities For the Period 4 August 2023 to 31 December 2024

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities:
Creating safe accessible spaces
Hot meal delivery for elderly residents
Funding for staff salaries to deliver community activities
Community Centre for Local Residents
Other trading activities
4
Investments
5
Other
6
EXPENDITURE ON:
Raising funds
8
Charitable activities:
8
Restricted Fund Transfers from Charity Mergers
Creating safe accessible spaces
Hot meal delivery for elderly residents
Funding for staff salaries to deliver community activities
Community Centre for Local Residents
NET INCOME
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
18		 Unrestricted
funds
£
879,562
-
-
-
37,320
11,064
529
150		 Restricted
funds
£
42,938
63,960
7,097
9,955
-
-
-
-		 31
December
2024
Total funds
£
922,500
63,960
7,097
9,955
37,320
11,064
529
150
928,625 123,950 1,052,575
1
(6,751)
-
-
-
(26,927)		 2
(31,306)
(55,174)
(18,370)
(3,318)
-		 3
(38,057)
(55,174)
(18,370)
(3,318)
(26,927)
(33,677) (108,166) (141,843)
894,948 15,784 910,732
894,948
-		 15,784
-		 910,732
-
894,948 15,784 910,732

The notes on pages 7 to 12 form part of these financial statements.

Page 4

Sacriston Community Association Statement of Financial Position As At 31 December 2024

Notes
FIXED ASSETS
Tangible Assets
13
Heritage Assets
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
Creditors: Amounts Falling Due Within One Year
16
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS OF THE CHARITY
Restricted Funds
Unrestricted Funds
TOTAL FUNDS
18		 Unrestricted
funds
£
819,622
357		 Restricted
funds
£
-
-		 31
December
2024
Total funds
£
819,622
357
819,979
2,553
73,999		 -
-
15,784		 819,979
2,553
89,783
76,552
(1,583)		 15,784
-		 92,336
(1,583)
74,969 15,784 90,753
894,948 15,784 910,732
894,948 15,784 910,732
15,784
894,948
910,732

On behalf of the board

Hugh Dixon Trustee 26/03/2026

The notes on pages 7 to 12 form part of these financial statements.

Page 5

Sacriston Community Association Statement of Cash Flows For the Period 4 August 2023 to 31 December 2024

Notes
Cash flows from operating activities
Net cash generated from operations
1
Net cash generated from operating activities
Cash flows from investing activities
Purchase of tangible assets
Purchase of heritage assets
Interest received
Net cash used in investing activities
Increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
2
Cash and cash equivalents at end of period
2		 31 December
2024
£
916,022
916,022
(826,232)
(536)
529
(826,239)
89,783
-
89,783

Page 6

Sacriston Community Association Notes to the Statement of Cash Flows For the Period 4 August 2023 to 31 December 2024

1. Reconciliation of income to cash generated from operations

.
Reconciliation of income to cash generated from operations
Net income
Adjustments for:
Interest income
Depreciation of tangible assets
Depreciation of heritage assets
Movements in working capital:
Increase in trade and other debtors
Increase in trade and other creditors
Net cash generated from operations		 31 December
2024
£
910,732
(529)
6,572
217
(2,553)
1,583
916,022

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

Cash at bank and in hand
3.
Analysis of changes in net funds
As at 4 August
2023
Cash flows
£
£
Cash at bank and in hand
-
89,783		 31 December
2024
£
89,783
As at 31
December
2024
£
89,783

Page 7

Sacriston Community Association Notes to the Financial Statements For the Period 4 August 2023 to 31 December 2024

1. General Information

Sacriston Community Association is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1204218. The principal address is The Fulford Centre, Front Street, Sacriston, Co Durham, DH7 6JT.

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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.

The charity is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from donations and grants is recognised when the charity is entitled to the funds. Where income is subject to performancerelated conditions, it is recognised when those conditions are met.

Income from charitable activities is recognised in the period in which the related services are provided.

Income is deferred where it relates to future periods or where conditions have not yet been met.

2.3. Resources Expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount can be reliably measured.

Expenditure is classified under the following activity headings:

Costs of raising funds, being expenditure incurred in seeking donations and grants; and

Expenditure on charitable activities, including the costs of delivering services and activities undertaken to further the charity’s objectives.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold 2% Cost Plant & Machinery 33% Reducing Balance Fixtures & Fittings 10 years straight line

2.5. Heritage Assets

The trustees have identified a small balance included within heritage assets for which limited supporting information is available. Given the immaterial value, no adjustment has been made in the current financial statements.

A review of the charity’s fixed asset register, including heritage assets, will be undertaken in the next financial year to ensure appropriate classification and accounting treatment.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

Page 8

Sacriston Community Association Notes to the Financial Statements (continued) For the Period 4 August 2023 to 31 December 2024

  1. Income from Donations and Legacies
Donations and gifts
4.
Income from Other Trading Activities
Fundraising events
Letting and licencing arrangements
5.
Investment Income
Bank interest receivable
6.
Other Income
Other income
7.
Net Income/(Expenditure)
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned		 Unrestricted
funds
£
879,562		 Restricted
funds
£
42,938		 31 December
2024
Total
funds
£
922,500
31 December
2024
Unrestricted
funds
£
2,037
9,027
11,064
31 December
2024
Unrestricted
funds
£
529
31 December
2024
Unrestricted
funds
£
150
31 December
2024
£
6,572

Page 9

Sacriston Community Association Notes to the Financial Statements (continued) For the Period 4 August 2023 to 31 December 2024

8. Analysis of Expenditure

.
Analysis of Expenditure
Raising funds
Restricted Fund Transfers from Charity Mergers
Creating safe accessible spaces
Hot meal delivery for elderly residents
Funding for staff salaries to deliver community activities
Community Centre for Local Residents		 Activities
undertaken
directly
£
(3)
28,270
41,989
18,370
3,318
5,072		 Support costs
(see note 9)
£
-
9,787
13,185
-
-
21,855		 31 December
2024
Total
£
(3)
38,057
55,174
18,370
3,318
26,927
97,016 44,827 141,843

9. Support Costs

.
Support Costs
Employee costs
Premises expenses
General administration
Depreciation
0.
Independent Examiner's Remuneration
Independent examination of the financial statements
1.
Staff Costs
taff costs were as follows:
Wages and salaries
Other pension costs		 Restricted
Fund Transfers
from Charity
Mergers
£
-
1,099
1,937
6,751		 Creating safe
accessible
spaces
£
340
12,845
-
-		 Community
Centre for
Local
Residents
£
4,957
3,011
13,849
38		 31 December
2024
Total
£
5,297
16,955
15,786
6,789
9,787 13,185 21,855 44,827
31 December
2024
£
1,584
31 December
2024
£
77,056
4,039
81,095

10. Independent Examiner's Remuneration

11. Staff Costs

Staff costs were as follows:

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

Page 10

Sacriston Community Association Notes to the Financial Statements (continued) For the Period 4 August 2023 to 31 December 2024

12. Average Number of Employees

Average number of employees during the period was: 4

13. Tangible Assets

3.
Tangible Assets
Cost
As at 4 August 2023
Additions
As at 31 December 2024
Depreciation
As at 4 August 2023
Provided during the period
As at 31 December 2024
Net Book Value
As at 31 December 2024
As at 4 August 2023		 Land &
Property
Freehold
£
-
822,649		 Plant &
Machinery
£
-
1,253		 Fixtures &
Fittings
£
-
2,330		 Total
£
-
826,232
822,649 1,253 2,330 826,232
-
6,317		 -
138		 -
155		 -
6,610
6,317 138 155 6,610
816,332 1,115 2,175 819,622
- - - -

14. Heritage Assets

The table below displays the five-year summary of heritage assets transactions recognised on the balance sheet:

Acquisitions
Artefacts
5.
Debtors
Due within one year
Other debtors
6.
Creditors: Amounts Falling Due Within One Year
Other creditors
Accruals and deferred income		 2024
£
536
31 December
2024
£
2,553
31 December
2024
£
(1)
1,584
1,583

15. Debtors

16. Creditors: Amounts Falling Due Within One Year

Page 11

Sacriston Community Association Notes to the Financial Statements (continued) For the Period 4 August 2023 to 31 December 2024

17. 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.

During the period the charge to the statement of financial activities in respect of defined contribution schemes was £4,039.

At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors.

18. Movement in Funds

Unrestricted funds
General:
General unrestricted fund
Designated:
Asset Transfers
Total unrestricted funds
Restricted funds
Carried Forward from Charity Mergers
Co Durham Foundation - Know Your Neighbour
Co Durham Foundation - Welcome Spaces
Co Durham Foundation - Community Support
Age UK Co Durham
Sir James Knott
Durham County Council
Total restricted funds
Total funds		 As at 4 August
2023
£
-
-		 Income
£
102,202
826,423		 Expenditure
£
(26,926)
(6,751)		 As at 31
December
2024
£
75,276
819,672
- 928,625 (33,677) 894,948
-
-
-
-
-
-
-		 42,938
48,960
5,000
10,000
4,450
9,955
2,647		 (42,938)
(41,674)
(5,000)
(10,000)
(4,450)
(3,317)
(787)		 -
7,286
-
-
-
6,638
1,860
- 123,950 (108,166) 15,784
- 1,052,575 (141,843) 910,732

19. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current year.

During the period the expenses reimbursed to the trustees or paid directly to third parties were as follows:

31 December 2024

£

20. Related Party Disclosures

No related party transactions to report

Page 12

Sacriston Community Association Detailed Statement of Financial Activities For the Period 4 August 2023 to 31 December 2024

INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations from individuals
Donations from organisations
Charitable Activities:
Creating safe accessible spaces
Grants
Hot meal delivery for elderly residents
Grants
Funding for staff salaries to deliver community activities
Grants
Community Centre for Local Residents
Community engagement programme
Rental income
Other trading activities
Fundraising events
Letting and licencing arrangements
Investments
Bank interest receivable
Other
Other income
EXPENDITURE ON:
Raising funds
Rounding
Charitable Activities:
Restricted Fund Transfers from Charity Mergers
Project Costs		 31 December
2024
Total
funds
£
1,865
920,635
922,500
63,960
63,960
7,097
7,097
9,955
9,955
22,616
14,704
37,320
2,037
9,027
11,064
529
529
150
150
1,052,575
3
3
(1,224)
...CONTINUED

Page 13

Sacriston Community Association Detailed Statement of Financial Activities (continued) For the Period 4 August 2023 to 31 December 2024

Volunteer Expenses
Wages and salaries
Repairs and maintenance
Legal fees
Professional fees
Consultancy fees
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of freehold land and property
Depreciation of heritage artefacts
Creating safe accessible spaces
Wages and salaries
Staff training
Rates
Light and heat
Repairs and maintenance
Cleaning
Hot meal delivery for elderly residents
Cafe & Lunch Club Expenditure
Wages and salaries
Funding for staff salaries to deliver community activities
Wages and salaries
Community Centre for Local Residents
Cafe & Lunch Club Expenditure
Project Costs
Staging fundraising events
Wages and salaries
Employers pensions - defined contributions scheme
Staff training
Travel expenses
Repairs and maintenance
Insurance
Postage
Stationery
Telecommunications
Independent examiner's fees
Professional fees		 (393)
(26,653)
(1,099)
(656)
(131)
(1,150)
(100)
(155)
(6,317)
(179)
(38,057)
(41,989)
(340)
(1,817)
(7,412)
(1,555)
(2,061)
(55,174)
(13,920)
(4,450)
(18,370)
(3,318)
(3,318)
(3,929)
(698)
(445)
(649)
(4,039)
(229)
(40)
(3,011)
(4,400)
(64)
(1,464)
(3,494)
(1,584)
(352)
...CONTINUED

Page 14

Sacriston Community Association Detailed Statement of Financial Activities (continued) For the Period 4 August 2023 to 31 December 2024

Subscriptions
Bookkeeping fees
Depreciation of heritage artefacts
NET INCOME		 (107)
(2,384)
(38)
(26,927)
(141,843)
910,732

Page 15

Charity registration number: 1204218

SACRISTON COMMUNITY ASSOCIATION TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 4 AUGUST 2023 TO 31 DECEMBER 2024

Sacriston Community Association Contents

Page
Trustees' Report 1—2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5
Statement of Cash Flows 6
Notes to the Statement of Cash Flows 7
Notes to the Financial Statements 8—12
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities 13—15

Sacriston Community Association Trustees' Report For the Period 4 August 2023 to 31 December 2024

The trustees present their report and the financial statements for the period ended 31 December 2024.

Reference and Administrative Details

Trustees

Bernadette Glasper Debra Forth Derek Robson Eileen Donnelly Glynis Whitehead Hugh Dixon (appointed 04/06/2024) Lilian Burford Margaret Ayton Robert Ludlow

Charity Number

1204218

Principal Address

The Fulford Centre Front Street Sacriston Co Durham DH7 6JT

Independent Examiner

Kay Wightman FFA FTA Accounting For Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon-On-Tyne

Page 1

Sacriston Community Association Trustees' Report (continued) For the Period 4 August 2023 to 31 December 2024

The trustees' report was approved by the board of trustees and signed on its behalf by:

Hugh Dixon Trustee 26/03/2026

Page 2

Sacriston Community Association Independent Examiner's Report to the Trustees of Sacriston Community Association For the Period 4 August 2023 to 31 December 2024

I report to the trustees on my examination of the accounts of Sacriston Community Association (the Trust) for the period ended 31 December 2024.

Responsibilities and Basis of Report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’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 Act.

Independent Examiner's Statement

Since the Trust’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 Financial Accountants, which is one of the listed bodies.

I note that a dispensation from audit was granted by the Charity Commission on 12 February 2026 under section 145(1) of the Charities Act 2011 for this financial year.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Kay Wightman FFA FTA 26/03/2026 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon-On-Tyne

Page 3

Sacriston Community Association Statement of Financial Activities For the Period 4 August 2023 to 31 December 2024

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities:
Creating safe accessible spaces
Hot meal delivery for elderly residents
Funding for staff salaries to deliver community activities
Community Centre for Local Residents
Other trading activities
4
Investments
5
Other
6
EXPENDITURE ON:
Raising funds
8
Charitable activities:
8
Restricted Fund Transfers from Charity Mergers
Creating safe accessible spaces
Hot meal delivery for elderly residents
Funding for staff salaries to deliver community activities
Community Centre for Local Residents
NET INCOME
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
18		 Unrestricted
funds
£
879,562
-
-
-
37,320
11,064
529
150		 Restricted
funds
£
42,938
63,960
7,097
9,955
-
-
-
-		 31
December
2024
Total funds
£
922,500
63,960
7,097
9,955
37,320
11,064
529
150
928,625 123,950 1,052,575
1
(6,751)
-
-
-
(26,927)		 2
(31,306)
(55,174)
(18,370)
(3,318)
-		 3
(38,057)
(55,174)
(18,370)
(3,318)
(26,927)
(33,677) (108,166) (141,843)
894,948 15,784 910,732
894,948
-		 15,784
-		 910,732
-
894,948 15,784 910,732

The notes on pages 7 to 12 form part of these financial statements.

Page 4

Sacriston Community Association Statement of Financial Position As At 31 December 2024

Notes
FIXED ASSETS
Tangible Assets
13
Heritage Assets
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
Creditors: Amounts Falling Due Within One Year
16
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS OF THE CHARITY
Restricted Funds
Unrestricted Funds
TOTAL FUNDS
18		 Unrestricted
funds
£
819,622
357		 Restricted
funds
£
-
-		 31
December
2024
Total funds
£
819,622
357
819,979
2,553
73,999		 -
-
15,784		 819,979
2,553
89,783
76,552
(1,583)		 15,784
-		 92,336
(1,583)
74,969 15,784 90,753
894,948 15,784 910,732
894,948 15,784 910,732
15,784
894,948
910,732

On behalf of the board

Hugh Dixon Trustee 26/03/2026

The notes on pages 7 to 12 form part of these financial statements.

Page 5

Sacriston Community Association Statement of Cash Flows For the Period 4 August 2023 to 31 December 2024

Notes
Cash flows from operating activities
Net cash generated from operations
1
Net cash generated from operating activities
Cash flows from investing activities
Purchase of tangible assets
Purchase of heritage assets
Interest received
Net cash used in investing activities
Increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
2
Cash and cash equivalents at end of period
2		 31 December
2024
£
916,022
916,022
(826,232)
(536)
529
(826,239)
89,783
-
89,783

Page 6

Sacriston Community Association Notes to the Statement of Cash Flows For the Period 4 August 2023 to 31 December 2024

1. Reconciliation of income to cash generated from operations

.
Reconciliation of income to cash generated from operations
Net income
Adjustments for:
Interest income
Depreciation of tangible assets
Depreciation of heritage assets
Movements in working capital:
Increase in trade and other debtors
Increase in trade and other creditors
Net cash generated from operations		 31 December
2024
£
910,732
(529)
6,572
217
(2,553)
1,583
916,022

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

Cash at bank and in hand
3.
Analysis of changes in net funds
As at 4 August
2023
Cash flows
£
£
Cash at bank and in hand
-
89,783		 31 December
2024
£
89,783
As at 31
December
2024
£
89,783

Page 7

Sacriston Community Association Notes to the Financial Statements For the Period 4 August 2023 to 31 December 2024

1. General Information

Sacriston Community Association is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1204218. The principal address is The Fulford Centre, Front Street, Sacriston, Co Durham, DH7 6JT.

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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.

The charity is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from donations and grants is recognised when the charity is entitled to the funds. Where income is subject to performancerelated conditions, it is recognised when those conditions are met.

Income from charitable activities is recognised in the period in which the related services are provided.

Income is deferred where it relates to future periods or where conditions have not yet been met.

2.3. Resources Expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount can be reliably measured.

Expenditure is classified under the following activity headings:

Costs of raising funds, being expenditure incurred in seeking donations and grants; and

Expenditure on charitable activities, including the costs of delivering services and activities undertaken to further the charity’s objectives.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold 2% Cost Plant & Machinery 33% Reducing Balance Fixtures & Fittings 10 years straight line

2.5. Heritage Assets

The trustees have identified a small balance included within heritage assets for which limited supporting information is available. Given the immaterial value, no adjustment has been made in the current financial statements.

A review of the charity’s fixed asset register, including heritage assets, will be undertaken in the next financial year to ensure appropriate classification and accounting treatment.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

Page 8

Sacriston Community Association Notes to the Financial Statements (continued) For the Period 4 August 2023 to 31 December 2024

  1. Income from Donations and Legacies
Donations and gifts
4.
Income from Other Trading Activities
Fundraising events
Letting and licencing arrangements
5.
Investment Income
Bank interest receivable
6.
Other Income
Other income
7.
Net Income/(Expenditure)
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned		 Unrestricted
funds
£
879,562		 Restricted
funds
£
42,938		 31 December
2024
Total
funds
£
922,500
31 December
2024
Unrestricted
funds
£
2,037
9,027
11,064
31 December
2024
Unrestricted
funds
£
529
31 December
2024
Unrestricted
funds
£
150
31 December
2024
£
6,572

Page 9

Sacriston Community Association Notes to the Financial Statements (continued) For the Period 4 August 2023 to 31 December 2024

8. Analysis of Expenditure

.
Analysis of Expenditure
Raising funds
Restricted Fund Transfers from Charity Mergers
Creating safe accessible spaces
Hot meal delivery for elderly residents
Funding for staff salaries to deliver community activities
Community Centre for Local Residents		 Activities
undertaken
directly
£
(3)
28,270
41,989
18,370
3,318
5,072		 Support costs
(see note 9)
£
-
9,787
13,185
-
-
21,855		 31 December
2024
Total
£
(3)
38,057
55,174
18,370
3,318
26,927
97,016 44,827 141,843

9. Support Costs

.
Support Costs
Employee costs
Premises expenses
General administration
Depreciation
0.
Independent Examiner's Remuneration
Independent examination of the financial statements
1.
Staff Costs
taff costs were as follows:
Wages and salaries
Other pension costs		 Restricted
Fund Transfers
from Charity
Mergers
£
-
1,099
1,937
6,751		 Creating safe
accessible
spaces
£
340
12,845
-
-		 Community
Centre for
Local
Residents
£
4,957
3,011
13,849
38		 31 December
2024
Total
£
5,297
16,955
15,786
6,789
9,787 13,185 21,855 44,827
31 December
2024
£
1,584
31 December
2024
£
77,056
4,039
81,095

10. Independent Examiner's Remuneration

11. Staff Costs

Staff costs were as follows:

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

Page 10

Sacriston Community Association Notes to the Financial Statements (continued) For the Period 4 August 2023 to 31 December 2024

12. Average Number of Employees

Average number of employees during the period was: 4

13. Tangible Assets

3.
Tangible Assets
Cost
As at 4 August 2023
Additions
As at 31 December 2024
Depreciation
As at 4 August 2023
Provided during the period
As at 31 December 2024
Net Book Value
As at 31 December 2024
As at 4 August 2023		 Land &
Property
Freehold
£
-
822,649		 Plant &
Machinery
£
-
1,253		 Fixtures &
Fittings
£
-
2,330		 Total
£
-
826,232
822,649 1,253 2,330 826,232
-
6,317		 -
138		 -
155		 -
6,610
6,317 138 155 6,610
816,332 1,115 2,175 819,622
- - - -

14. Heritage Assets

The table below displays the five-year summary of heritage assets transactions recognised on the balance sheet:

Acquisitions
Artefacts
5.
Debtors
Due within one year
Other debtors
6.
Creditors: Amounts Falling Due Within One Year
Other creditors
Accruals and deferred income		 2024
£
536
31 December
2024
£
2,553
31 December
2024
£
(1)
1,584
1,583

15. Debtors

16. Creditors: Amounts Falling Due Within One Year

Page 11

Sacriston Community Association Notes to the Financial Statements (continued) For the Period 4 August 2023 to 31 December 2024

17. 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.

During the period the charge to the statement of financial activities in respect of defined contribution schemes was £4,039.

At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors.

18. Movement in Funds

Unrestricted funds
General:
General unrestricted fund
Designated:
Asset Transfers
Total unrestricted funds
Restricted funds
Carried Forward from Charity Mergers
Co Durham Foundation - Know Your Neighbour
Co Durham Foundation - Welcome Spaces
Co Durham Foundation - Community Support
Age UK Co Durham
Sir James Knott
Durham County Council
Total restricted funds
Total funds		 As at 4 August
2023
£
-
-		 Income
£
102,202
826,423		 Expenditure
£
(26,926)
(6,751)		 As at 31
December
2024
£
75,276
819,672
- 928,625 (33,677) 894,948
-
-
-
-
-
-
-		 42,938
48,960
5,000
10,000
4,450
9,955
2,647		 (42,938)
(41,674)
(5,000)
(10,000)
(4,450)
(3,317)
(787)		 -
7,286
-
-
-
6,638
1,860
- 123,950 (108,166) 15,784
- 1,052,575 (141,843) 910,732

19. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current year.

During the period the expenses reimbursed to the trustees or paid directly to third parties were as follows:

31 December 2024

£

20. Related Party Disclosures

No related party transactions to report

Page 12

Sacriston Community Association Detailed Statement of Financial Activities For the Period 4 August 2023 to 31 December 2024

INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations from individuals
Donations from organisations
Charitable Activities:
Creating safe accessible spaces
Grants
Hot meal delivery for elderly residents
Grants
Funding for staff salaries to deliver community activities
Grants
Community Centre for Local Residents
Community engagement programme
Rental income
Other trading activities
Fundraising events
Letting and licencing arrangements
Investments
Bank interest receivable
Other
Other income
EXPENDITURE ON:
Raising funds
Rounding
Charitable Activities:
Restricted Fund Transfers from Charity Mergers
Project Costs		 31 December
2024
Total
funds
£
1,865
920,635
922,500
63,960
63,960
7,097
7,097
9,955
9,955
22,616
14,704
37,320
2,037
9,027
11,064
529
529
150
150
1,052,575
3
3
(1,224)
...CONTINUED

Page 13

Sacriston Community Association Detailed Statement of Financial Activities (continued) For the Period 4 August 2023 to 31 December 2024

Volunteer Expenses
Wages and salaries
Repairs and maintenance
Legal fees
Professional fees
Consultancy fees
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of freehold land and property
Depreciation of heritage artefacts
Creating safe accessible spaces
Wages and salaries
Staff training
Rates
Light and heat
Repairs and maintenance
Cleaning
Hot meal delivery for elderly residents
Cafe & Lunch Club Expenditure
Wages and salaries
Funding for staff salaries to deliver community activities
Wages and salaries
Community Centre for Local Residents
Cafe & Lunch Club Expenditure
Project Costs
Staging fundraising events
Wages and salaries
Employers pensions - defined contributions scheme
Staff training
Travel expenses
Repairs and maintenance
Insurance
Postage
Stationery
Telecommunications
Independent examiner's fees
Professional fees		 (393)
(26,653)
(1,099)
(656)
(131)
(1,150)
(100)
(155)
(6,317)
(179)
(38,057)
(41,989)
(340)
(1,817)
(7,412)
(1,555)
(2,061)
(55,174)
(13,920)
(4,450)
(18,370)
(3,318)
(3,318)
(3,929)
(698)
(445)
(649)
(4,039)
(229)
(40)
(3,011)
(4,400)
(64)
(1,464)
(3,494)
(1,584)
(352)
...CONTINUED

Page 14

Sacriston Community Association Detailed Statement of Financial Activities (continued) For the Period 4 August 2023 to 31 December 2024

Subscriptions
Bookkeeping fees
Depreciation of heritage artefacts
NET INCOME		 (107)
(2,384)
(38)
(26,927)
(141,843)
910,732

Page 15