Charity registrAtion rnmnber. 214164 St Peters Community Association At)nu8] Report and Financial Statemetats for the YearEttd¢d 31 Decernber 2024
St Peter8 Communlty Associvdtiott Contents Referettce aj Admlnistratlv¢ Detai Trustecg Rcport 2to3 Imlepthdent Examin&s RerKKt Statement of Fmancial Adivits¢s No¢¢8 to th¢ Finan¢id Swtemertts 7t0 12
St Peters CoullDllDity Awiation Referente snd Admimiskntive Detsiis Chrfty Regtsirtkn Nllwb¢r 214164 TrwJ¢e4s J&8 C M Gilhn8n Mr C Miles Rev S Nefd Prfnt*l Offitt Bcxhill On &4 HSBC Bank Pl¢ Bcxhill On Sea TN40 IAT 37 Ststion Road Bexhill-OtVSea TN40 IRG P•&e I
Si Peten Commuttlty Assotigtion Trnstees. Report The tn]stee5 present the annual repon tO8¢thw with the rjwl&l sthtrmcn¢S ofthe charity for the yeBr ended 31 December 2024. Objeclfvej xetlvltles Objects andaln The obie¢t of th¢ Asso¢iation is manw And opcralr the Communiry AssocilOll ai th¢ Centre for the benefli of th¢ Community and St Petces Church and to Main]n thc premists in good and i¥orkable order. To this end, th¢ Associotion is required to retain Edcquatc fiJtL& (o meet any exceptio1 exFenditure towards tk maintenance of the Ccntre and IL8 equipmcnL tbJc bew¢ The trustee5 confinn that they have complitd with the requirements of section 17 of th¢ Charities Aa 2011 h&ve due re8ard to the public bwfi¢ guidwK¢ wblished by the Charity Commission for Engjomd omd Wales. Fluandsl revlew The prin¢ipl¢ income is from the use of the hdils by vaTiOUS community groups and othcr volun oryanisatlotts. DDnlltions alMay5 gMefi]Ily received but the Asso¢iation does nOL solicii from the public ai large as such. Th¢ pJYmis¢s of the Commnity Centre are owned by th Rerfor and Parochial thw¢h Council of St Petefs Patish chLw( BexhillSx The PCC contributed £1250 to Y4 Contingency wtnst any exceptional e%penditurc which mizhi arise in the The fimd is disiinct from the AsltIon'S and is corLsidered be desigDat¢d for this purpose only. Struetur¢> gov¢rn4nee Ind nNageMet NothrÉ olgopernbtrg doemwwwi P¢t¢r5 Community As%)ciation was 81cred as a dlty on 27 Fd)ruory 1963 and govcmcd by ¢onstitUlion drafted in 194& Or¥t7ft1sorfoAtolstru4*tpe ln addition to the Truslecs. th dRy kn day administraiion is farried out Mrs H Miles. The Hon Treasurer 1$ Mr A J Thoms( FCA. The Ttust¢es mcet rcgularty to mana8C IL8 affairs and det&Trine 11, which is impl¢memed ty the warden 8nd othq staff. Pagc 2
St Pelers Commnnity Asso¢iAtion Trustees, Report Stxtement ofTrustees' Respon$lbllttles The tru5tKs arc respotLsible for preparing trustefs, rert and the finan¢ial sthtements in accordance with the Unii¢d Kingdom A¢¢owJting S¢&ndards (United Kingdom Getternlly Accepted ACCOLlIn& Pr¥ticel and appli¢abl¢ law omd regulatiOT The law applicable to charitie5 requires the tr[ce8 to prepar¢ fina18] statements for each fiMrKial yearwhi¢h give a tru¢ and fair view of th¢ stale of affairs of charity ad ofthe inming re50urccs and application of r¢g)urc¢sof the Chlty for that riOd. In preparing th¢s¢ firwKial staEement& th¢ In1¢¢6 ar¢ Nuired to.. select suitable accounting wlicics and then apply thcm consislently; ob5ervc thc ffletho&s and principles in thc Charitics SORP: mak¢ judgements and estimates thatare reasonable and wudcnt" sthte Wheth applicable accounting standards have been follort subject 10 any m8terid departures disclosed artd explained in the financial Slents. atKI prcparc the firnncial staments on the 80in8 conc¢m basis unless it Is iThappropriat¢ w presum¢ that the charity will cominue in Imjsinw. Th¢ Irust¢¢5 are responsible for kecping proper attotIng record% thal dis¢lose ivith rAwnable accuT8Cy at an>. time the fjnancial PDSition of the charity enpbl¢ thw. p ensure that thc fjnancial sMi¢ments ¢omply th¢ Chariti¢s Aa 201 l. the appli¢abl¢ Chariiies IAc¢oun¢s fjT keports) Regulations. and the Wi'liSiOllS of the ¢onstitlllion. Th¢ trustce5 are d50 rcsponsible for 5afe8uardin8 th¢ assets of ihe charity and IKnce for takin8 rcasonablc 5tcrh for the preveniion and d¢t¢ction of fraud and other irreguloriucs. 2< The annual reporiw&% approv by the trustees of th¢ charity on....... signed on its bdr by: Misscm Trt Mr C Mil¢s Trustee P#¥¢ i
St PeteTS Couunumity A&wcknilon lttdependent ExamiDees Report to the trnstees of St Peter5 Community ASS10 2024 whith on 11 Respeclive re5pousibilitses of trustrE5 apd ¢ytyth¢r A5 the charity's trustccs of St Pctcr5 Community As9X1Lon you are re5wJn5ible fy th¢ Frywation of th¢ accounts in accord with the re4uirements ofthe Chariues Aa 201 I ('the Att.). I rcFrfJrt in rcspect of rny cxaminbJn of thc St Canmunity Alati.& Carried under 5¢¢tion 145 of th¢ 2011 ACL and in •ryin8 my examifrwion I IAve 1kn¥] all the aFylic2blc Directi givm by th¢ Clwity Commission undcr s¢dion 145(5Xbl of the ACL Independent examitr.$ slxttiiitnt I hav¢ complapj my ¢Yaminl0. I c4)nfimi th# nw¢¥ial h•vc CL¢ to my auernion in neI ith the tt<mIni0n givi me idieve th& in w rnatrri respc£L l. xcounting records w¢re ko in of St Petrt5 CLYnmunity A&110 as rtquircd by sethi 130 ofthe A(£ or set out in thc (tharilÈe5 (Accounts aTrJ Rqxts) Regul10 2008 other than any Tequiraneni tlmt the 8Kounts give a 'ttw and fair Vie which is Twt a motter &$ of an indep¢ndo examinatio 51thd be drawi in this rrtIn vr&r to amble a Wptyunde of ¥cOts be hr YVorn fYCLNY FCCA 37 Stsiion Ro Bexhill-OTrSca TN40 IRfj P•8e4
St Peten CommuDIty Association Statement of Fltsatttl#l Atth4lles for the Ytar Ended 31 December 2024 Total 31 D¢¢¢mb¢r 2024 U&nstrkted I¢0¢ ald EDdoMMeuts from: Donation5 and le8acies ChaTitsbl¢ a¢iivLIL¢S Invcs(meni incMie in¢om¢ 5.050 42,122 1,269 3,554 5.050 42,122 1,269 3,554 Total Ineome 51,995 51.995 Expeudlthr¢ •th: Charithble aclivities 156.709) 56,709 Total Exp¢ndiiur¢ movem¢nt in funds 156,709) 156,709) (4,714) (4,714) R¢¢othelllatlon of f¥tsd$ Total fiJnd% brought fotwaryl 73,339 73.339 TO funds ¢wried forward 12 6&625 Uurestritted fun 68.025 Tot*1 2023 Nott In¢•me EThdw#bethts fro. Donaiions and legacies Charitabl¢ a¢iiviti Inv¢stsMet)i in¢ome Other Itv)¢ 3,755 28,444 3.755 28,444 881 1.750 1.750 Totsl InMe 34.830 34.830 E¥p¢ndlthr¢ on: Ch8rit3ble a¢tivities 33,352) 33 J521 33,352 33.352 Net in¢ome 1,478 1.478 Net movement in fuTh]s 1,478 1,478 Rerolltiliation of fund5 Tothi thnds brought fonward Tothl thrbds ¢attled forward 71,861 12 73,339 73.339 All of thE Gharity's activities d1ve from continuing op¢rnlion5 during the aknve Dvo periods. Thc fiulds brcakdowm for2023 is shown in tLOte 12. Th¢ notes on we$ 7 w 12 forni an intewd pan of these financial 5tatcmctrt& PaB¢ 5
St Peters Community Assocfiatlo (Regtstrndon number: 214164) Balance Sheet as gt 31 December 2024 2024 2023 Note Curnt 410ets Sto¢k8 Dtho C8sh at baT& ttT In hd 400 2.509 400 2,143 72.376 10 69.828 74,919 Cvedl¢ort: Amounts hllllli due wltlLID o••yur Nel gmets 68,625 73,339 Fyuds of the thArlty: Unrutdeted loeome Unrcstrictcd fiu Totsl fund• 12 68,625 73,339 The finkncid statemcnis on pJ8es 5 10 12 w¢re gpproved by the trustees, and wuthoriBed for isgu¢ on . and s18rd on their hlf by: Mi55 C Trust¢¢ illman Mr C Miles TnJ$tee Thc notes on 7 to 12 fonn an intcyRi pan of thes¢ fin0t)¢1 statanents. P88e 6
St Peters CommuDIty A0claOn Notes to the Flngnelgl Stattments for the Ye4r Ended 31 December 2024 l Attount1 pollel Statement of e•mpllnee The financtaj statemenLS have been prepd in a¢¢ordancc with Accouniing and Re1]ll by Charitics: SMent of Re¢ornmcndcd Practice applicDble to chDriii¢s pr¢wing their acCLs in accordsnce wTrth th¢ FirwKial Reporting Standard applicable in the UK and K¢publi¢ of I1&d IFRS 102) IcffecLlV¢ l January 20151- {Ch&riiies SORP IFRS 102)X the Financlai Reporting Standard Bpplibl¢ in the UK Rep11¢ of Ireland {FRS 102} aod the Chuitics Act 2011. Bath of prepArntlo St Pers CommunSty Assoeithiion mee¢s the definition of a public b¢n¢fit eniiry under FRS 102. AsseL8 and liabilities are iniiially r¢co8nixd at ILlsriCal ¢051 or transft¢tion v81ue unlcss otherwise sthted In the r¢l¢vani accountin8 policy wes. Extmptlon fr•m pr¢pirth8 a ¢A•h flow ¥tAt¢meTht The ¢h#rity opled lo carly adopi Bulletin I publi¥lKd on 2 Februory 2016 and have th¢fore nol included a c45h flow statement in ih¢Je ftnancial stsments. Gtylng ¢on¢•rn The trustttj wnsider that there are M mM¢ri&l uncerraiMie8 Abo th¢ ¢harity'$ ability to conilrw¢ u a 8oinB ncern. IE¢orn¢ •d elldowm¢nts Volunlary income in¢ludin8 dono¢lon& glfts. l¢gaci¢J and 8ron¢s that provide cor¢ fundin8 or of a 8eneroi nawr¢ ib r¢co8nised when the Gharity h&% tnlitlcmeni to thc ineom4 it is probable thai the Income wlll be recelved And the amount CEn bE rneBsured with Jufficient reliability. Dondrfoni 4ndle8t¥des Donatlons and 1¢8acics are recosniaed on & re¢iv&blc ba¥18 when receiw 1$ prob1¢ and the th)¢)unt ¢ttn bE reliably melljured. Bank interejt Is reco8nis¢d wth¢n paid by HSBC bonk. Eipetydlthr All ¢xpcndiiuTe Is r¢cosniscd once there is a legal or construuiv¢ obliytion to that expenditurc, it is probable 5eulement LS r¢quired and the Nmouni con be mt4sur¢d reliobly. All costs arc ajlocated to th¢ applicable ¢xp¢nthwre beading that a88rtgaie $imilar COS that ea¢e80ry. Whcrc cos15 CAnnoL be dire¢tly 8¢trlbud to p&rti¢ular headin br ailocatcd on D bA8is consi5tenl with the us¢ of soUrCeS with ¢entrn] s¢aff cos¢s ail¢xaied on the b&sLS of time spen¢ arml dcprcciation Che5 all0¢d ot) the portiort of the uset's use. Other support Costs are ajiocated bued on the spread of colts. Cthwlthble adlvltsa Charitable expendiiure comprises ihose costs incuTrcd by the chvity in the delivery of iL% •CtiVLti¢s And suvi¢es for its beTheflCLarie¥. li includ¢s 1h wsts that can be allocai¢d direcily w sh activities 8nd those costs of an indirect nature necessary (O ¥UPFffi them. P¥8e 7
St Peters Communlty Association Notss ts the Flllandl Stst¢ments for Ihe Year Ended 31 December 2024 Support tojts Support Costs inc]ude ¢entral fimdions and have been alloted to activity cost ca(eBories on a baqis consisleni with the use of r¢sourccs for example. dtocatin8 propty e05Ls by floor are4 or per ¢aP1 Staff costs by thE tirne 5pert and oth¢r ¢osts by th¢ir usa8¢. T#xxtlo The charity is considered io p&55 the ie5Ls set in P8r•y I Schedule 6 of the Finance Act 2010 and therefore it meeL8 the definiiion of a charithble company for UK corporation t&x pur[As. Accordingly. the ¢hatity is potentially exempt fmn taxation in respeu of income or ¢&pital gaitLS received within c?te8orics coycred by Chapter 3 Part I l of the cOrTatIon T&K Act 2010 or Section 256 of the Taxatiott of Chargeable Gains ALX 1992, LO the ex11 tha¢ such income orga11 8re appli¢d ex¢lusive]y to charithle purr5¢5. Trade debtors Trade debtors are 0tS due from CEL0M¢r5 for mcrchartdise YA)Id or s¢rvi¢a performed in the ordirwy course of b1Ines& Trade deb¢ors are reeognised Inltlalty a( the ¢ransaction price. Cash 8Dd rasll equivalents Cllsh and cash ¢qwvaleThts Eornprise cRsh ort h&nd 8md call dcposits, and other short-tenn highty liquid invcstments that are readily converthble to a known amount of c&%h and are subje¢1 to an insigDifj¢ant risk of ¢han8e in v81 Trnde credltora are obligalions to pay for goods OT services that have been acquired in the ordinary Mwse of trMLsiness from suppliers. Accounts payable are cl&%sified a4 current liabiliti¢s if the does no¢ h&vr unconditiona] righL at the end of the r¢kffiin8 perityl to defer s¢ttlem•M of the creditor for at Ist twelve rnonth5 after the rcportin8 date. If there is an unconditional right to defer 5ettlemcnt for at least twelve months afttt the rertIng dale, are pre5enied tcUrrent liabiliiies. Tr8d¢ CTEditors are r¢rognis¢d initialjy atthe tyat)saciiot) pric¢. Fund strueture Unr&%trictcd income fimds are generdl fimds that available for use at the tr$5 dusrnion in furth¢ of tlK objeclives of the charity. Desi8n&d fimds are ynrestricd fimd5 set aside for5pecift¢ wrp)s¢s at the dis¢tetion of the trustees. Page 8
St Peters CommuMIty Assotiation Notes to the Flnathell Ststetttts for th¢ Yer EDded 31 Decembtr 2024 Totsl G¢Hernl DDnatiorLS and Iyi LN)nl0$ from individu8]s 5.050 5,050 Tot1 ftsr WTod ended 31 DeeemlKr 2024 5.050 5.050 Tot#1 for pernd emded 31 Dtctmbtr 21)23 3.755 3,755 3 Investnl 54¢•Mt UDrtstrleted T•t*l CMerAI Irfertst rt¢eivabl¢ aTtd similar inv)mr. Interest receivable on bank de$Its Totsl for wiod ¢Ddal 31 Dettwbw 21n4 Totsl for perlod ettde4131 D¢¢ethkn 1023 1238 31 1.269 1238 31 1.269 870 881 4 EXndIre •n ¢h•rltsbk Ktlv41¢s UDrestri¢t¢d T•tsl No 25,744 30.965 25.744 30.965 Allo¢&trd supm)rt costs Totsl for period eTrded 31 Detekn2024 56,709 56.709 Totsl for ptriod eTrded 31 Detemkn 2 33J52 33 J52 Trnsteos rniunerAtloR #Ad ¢XP¢DSU
St Peten CommuDIty AssotiAtlon Notes to the FlnaneAal Statsments for the Yegr Ended 31 Deeembtr 2024 6 Staff ¢osts The 188reg8ic YrOll costs were &8 follows: 1024 2023 Stsifcwt• drlDg ¢h¢ y¢Ar w4rn' Wagcs and lrieS Sociji sccurity Other MatTcts 25229 515 16,537 280 391 25,744 The monthly avcrage number of p¢r&ons Ilncludin8 $¢nior management tewm) employed by the choriry durlns the ycar eXPTe55ed LS fvll lim¢ equivolen¢s was follow6: 2024 No 2013 CharftAbl¢ Aaiviks No ¢mpl¢)yee rcceived emoluments of more than £60,000 durlng the ye 7 TxAtIo The ¢harlty is a re8is¢eTed charity llnd is thcrefore exemN from ¢&K*ton. 8 S¢o¢k 31 D¢f¢mber 2024 31 Dttembgr 1023 Stock of Con8um•bleB 400 41J) 9 D¢btor• 2024 202J Pr4Aym¢nls Other d¢bwrs 351 2.158 139 2,509 2,143 P88e 10
St Peters Communlty Assoclation Notes to ¢he Financlal Ststements for the Year Ended 31 De¢ember 2024 10 Cash cash equiv<llts 2024 2023 Cash on hftmj Cash at bank Short-trnn deposjts 27 3,899 62.993 3,262 69.088 66,919 72,376 11 Credltors: fallthg d¢ withln oThe year 2024 21)23 Trad¢ ¢Rditors A¢¢nS 291 912 1,577 1.203 1580 12 Futhds Balance #t31 Bthee at I JDuary 2024 Intomlng resourees Resources ¢spended 2024 Uthrestricled funds Genernl Geoeral (520) 49.557 (56.709) {7.6721 DeSIgned DesiAnad. Con(in8ency Furnl 1438 76,297 T•tl 73,339 51.995 (56.709) 68,625 BAknnce At 31 Deceznber Balance 8t I Aprll 21ll3 Ineomiog R¢50urt¢5 expfflded 2023 UDrestrleted GeRev41 General 122 31710 (33J52) (520) DeSIgnE DcsignaLed- Contin8ency Fund 71.739 Il20 73,859 TotAI funds (33352 73,339
St Peters Commnnlty Association Iyotes to ¢he FIDaDclal Statements for the Year EDded 31 December 2024 13 AalySIS of #et $ts beeween funds Umre5tricted hnds Gen¢rnl Total futtds •t 31 D¢¢tmb¢r 2024 69,828 69.828 Total A55cts 68.625 68.625 14 Anwly5is of Det fujds At31 At l J•lluary fbD8lltlDg De¢¢mb¢r 2024 flows 2024 C&sh atbank and in hand 72,376 457) 72.376 15,45 66,919 Net debt 66.919 Phg¢ 12