**Charity registration number 213710** ## **CAISTER COMMUNITY SUPPORT** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **CAISTER COMMUNITY SUPPORT** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|Mr Brian Lawn| |---|---| ||Mr Peter Moss| ||Cllr. Donna Kay Hammond| ||Rev. David Wells| ||Mrs Rosemary Harrocks| ||Mrs Ann Grace Lawn| ||Mr Robert Coe| ||Mr Brian Herring| |**Charity number**|213710| |**Principal address**|11 Chapman Avenue| ||Caister on Sea| ||Great Yarmouth| ||NR30 5HS| |**Independent examiner**|Sotos Christophi FCCA| ||Aston Shaw Limited| ||Chartered Certified Accountants| ||The Union Building, 51-59 Rose Lane| ||Norwich| ||Norfolk| ||England| ||NR1 1BY| ## **CAISTER COMMUNITY SUPPORT** ## **CONTENTS** ||**Page**| |---|---| |Trustees report|1| |Independent examiner's report|2| |Statement of financial activities|3| |Balance sheet|4| |Statement of cash flows|5| |Notes to the financial statements|6 - 11| CAISTER COMMUNITY SUPPORT TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and finandal stalemenls for the year ended 31 March 2024. The financial slalemenls have been prepared in accordance with the accounting policles set out In note I to the rinancial slalemenls and comply with the charitls governing document. the Charities Act 2011 and "Aceounling and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing Iheir accounts in accordance wilh th8 Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). (effective 1 January 20191. Oblectlves and aetlvltles The relief of need within the Parfsh of Caisler on Sea wilh Wesl Calsler. The Trustees have paid due regard to guidance issued by the Charily Commission in (ieclding what activities the chaiily should undertake. Flnanclal revlew The final inslalment of £300,000 from the sale of the field was recelved In May 2023. Investment pollcy The Trustees invesl availab18 funds lo provid6 a source of income to cover applicalions for r81ief, without reducing Ihelr Working capllal, No further Investments were made In Ihls financial year, Funds were placed on a short term depo311 wlth Lbyds Bank plc and Barell & Cooke during April 2024. Structure? governance and managoment The frustees who seNed durlng the year 8nd up to the dete of signature of Ihe financial slalemenls were.. Mr Brian Lawn Mr Peter Moss Cllr. Donna Kay Hammond Rev. Davld Wells Mrs Rosemary Harrocks Mrs Ann Gr8ce Lawn Mr Robert Coe Mr Brian Herring Polltlcal and Charltable Donatlons No political or finanGial donations have been made during Ihe last financial period. Pollcy on the Incluslon of all people The charity has a policy of enga9ing with all people. with no regard to their 98nder, ethnic background, colour, physlcal or menlal abllity and age. The Trustee5 report was approved by Ihe Board of Trustees. ic el Doyle Secretary Mr Brian Lawn Chali Date.. CAISTER COMMUNITY SUPPORT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CAISTER COMMUNITY SUPPORT I report lo the Trustees on my examination of the financial statements of Caister Community Support (the charity} for the year ended 31 March 2024. Responslbllitles and basls of report As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requiremènts of thè Charities Act 2011 Ilhe 2011 Act). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the 2011 Act. Independent examlner'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 l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accounlanls, which is onè of the listed bodies. Your attention is drawn lo the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in prefergnce to the AcGounling and Reporting by Charities= Slalement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements lo provide a true and fair view in accordance with Generally Acceptèd Accounting Practice effectlV8 for r8porting periods beginning on or aftèr 1 January 2015. I have completed my examination. l confirm that no matters have come lo 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 the financial statements do not accord with those records., or the financi81 statements do not comply with the applicable requirements Goncerning the fomi and content of accounts sel out in the Charitiès {Accounls and Reports) Regulations 2008 othèr 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 lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Sotos Chrlstophl FCCA Aston Shaw Limited Chartered Certified Accountants The Union Building, 51-59 Rose Lane NoNich Norfolk NR1 1BY England Dated: oa/.o.y.l 0005 ## **CAISTER COMMUNITY SUPPORT** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2024**|**2023**| ||**Notes**|**£**|**£**| |**Income and endowments from:**|||| |Donations and legacies|**3**|500|-| |Charitable activities|**4**|300,000|552,000| |Investments|**5**|29,742|(1,328)| |Other income|**6**|-|1| |**Total income**||330,242|550,673| |**Expenditure on:**|||| |Charitable activities|**7**|9,437|6,350| |Other expenditure|**8**|74|-| |**Total expenditure**||9,511|6,350| |**Net income and movement in funds**||320,731|544,323| |**Reconciliation of funds:**|||| |Fund balances at 1 April 2023||740,179|195,856| |**Fund balances at 31 March 2024**||1,060,910|740,179| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 3 - CAISTER COMMUNITY SUPPORT BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Investments 12 61,517 58.534 Current assets Cash al bank and in hand 1.002,513 683,205 Credltors: amount5 falllng due wlthln one year 13 (3.120) (1,5601 Net current assets 999,393 681,645 Totsl assets less current Ilabllltles 1,060,910 740.179 Nel assets 6xcludlng penslon IlabllSty 1,060,910 740,179 The funds of the charity Unrestrlcled funds 1,060,910 740,179 1,060,910 740.179 The fin8nclal slalemenls were approved by the Trustees on ,)¥/3/os Mr Brlan Lawn Chalr ## **CAISTER COMMUNITY SUPPORT** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Notes**
**Cash flows from operating activities**
Cash generated from operations
**16**
**Investing activities**
Investments
Investment income received
**Net cash generated from/(used in)**
**investing activities**
**Net cash used in financing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2024**
**£**
**£**
292,549
(2,983)
29,742
26,759
-
319,308
683,205
1,002,513|**2023**
**£**
**£**
547,276
(58,534)
(1,328)
(59,862)
-
487,414
195,791
683,205| |---|---|---| - 5 - ## **CAISTER COMMUNITY SUPPORT** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **Charity information** Caister Community Support is an unincorporated charity. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. 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. - 6 - ## **CAISTER COMMUNITY SUPPORT** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** **(Continued)** ## **1.5 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 are allocated on the portion of the asset’s use. ## **1.6 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. ## **1.7 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. ## **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 Income from donations and legacies** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Donations and gifts|500|-| - 7 - ## **CAISTER COMMUNITY SUPPORT** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **4 Income from charitable activities** |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||Field Sale|300,000|552,000| |**5**|**Income from investments**||| |||**Unrestricted**|**Unrestricted**| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||Dividends received|147|10| ||Revaluation of Investments|2,907|(1,338)| ||Interest receivable|26,688|-| |||29,742|(1,328)| ## **6 Other income** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Other income|-|1| - 8 - ## **CAISTER COMMUNITY SUPPORT** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **7 Expenditure on charitable activities** |||**2024**|**2023**| |---|---|---|---| |||**£**|**£**| ||**Direct costs**||| ||Distributions|1,559|2,461| ||Assistance Grants|1,248|830| ||Secretary's Fees|300|300| ||Office Expenses|70|30| ||Bank charges|30|36| ||Insurance|190|440| ||Accountant's Fees|1,685|1,560| ||Computer expenses|55|55| ||Donations|4,300|500| ||Stock Exchange Licenses|-|138| |||9,437|6,350| ||**Analysis by fund**||| ||Unrestricted funds|9,437|6,350| |**8**|**Other expenditure**||| |||**Unrestricted**|**Unrestricted**| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||Net loss on disposal of investments|74|-| ## **9 Trustees** None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## **10 Employees** The average monthly number of employees during the year was: ||**2024**|**2023**| |---|---|---| ||**Number**|**Number**| |Total|-|-| There were no employees whose annual remuneration was more than £60,000. - 9 - ## **CAISTER COMMUNITY SUPPORT** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **11 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **12 Fixed asset investments** ||**Barratt &**| |---|---| ||**Cooke**| ||**Investments**| ||**£**| |**Cost or valuation**|| |At 1 April 2023|58,534| |Valuation changes|2,983| |At 31 March 2024|61,517| |**Carrying amount**|| |At 31 March 2024|61,517| |At 31 March 2023|58,534| ## **13 Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Accruals and deferred income|3,120|1,560| ## **14 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. |General funds
**Previous year:**
General funds|**At 1 April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2024**
**£**
**£**
**£**
**£**
740,179
330,242
(9,511)
1,060,910
**At 1 April**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2023**
**£**
**£**
**£**
**£**
195,856
550,673
(6,350)
740,179| |---|---| ## **15 Related party transactions** There were no disclosable related party transactions during the year (2022 - none). - 10 - ## **CAISTER COMMUNITY SUPPORT** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**16**
**Cash generated from operations**
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Movements in working capital:
(Increase)/decrease in debtors
Increase in creditors
**Cash generated from operations**
**17**
**Analysis of changes in net funds**|**2024**
**£**
320,731
(29,742)
-
1,560
292,549|**2023**
**£**
544,323
1,328
65
1,560| |---|---|---| |||547,276| |||| The charity had no material debt during the year. - 11 -