ToTrEGE MANOR ASSOCIATION LIMTfED (g company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMINTS FOR THE YEAR ENDED 31 DECEMBER 2024 Chartty Registration Number. 221200 Company Registration Number: 557715
T0ERTDGE MAIYOR ASSOCIATION LIMTfED (a company limtied by guarantee) Contents Page Legal and Administrative Details Trustees, Report Tnths. Stat¢ment of Responsjbilitles Independent Auditors. Report Statsment of Financial Activities Balance Sheet io Notes to the Financial Statements 11-16
TOTTERIDGE MANOR ASSOCIATION LIMrrED (a tompany limited by guarantee) Notice of A]ll21 General Meeting Notice is hereby give that the 2024 Annual General Meeting of the above-naned charitablo company will be held at the Village H1. Badger's CroQ Totteridge Village, LKIndo N20 on Thur&tsy 24 July 25 at 8.00pm for th¢ purpos¢ of transacting the following busine&8:_ ORDINARY RESOLUTIONS l. To re1ve and adopt th¢ Tn]st¢es' Report and Financial Statements to 31 December 2024. 2. To r¢-&PPOint the allditors ofth¢ charitable company to hold office fro the Collclusion of the meeting until the conclusion of the next annual general meetlDg. Registered OtTice: The Lthge 79 Northumb¢rland Road New Barnet Herts EN5 IEB BY ORDER OF THE BOARD Dated: Colin Luke Company Secretary Note: 12 May 2025 l A member entitled to attend aDd virte atthe atmual gener81 meetin8 may appoint one or more proxies to attend and, on a txylL vots in his stead. A proxy need tLOt be a member of the charitsble company. 2 To be valid the tnstrument aptM)inting a proxy together with the FK)wer of attorney or other authoTity, if any. under which it is signed or a notsrtalty certified copy or office copy of such power or authority must b¢ d¢posited at the registered office of the clwitable company not less thau 48 hours kfore the time of the meeting ycifi¢d aiN)ve. OF T0ERIDGE MANORASSOCIATION LtMITED, AND TO JOIN IN THE ]NFORMAL DISCUSSION AFfERWARDS. REFREsIDEN15 WILL BE SERVED.
TorrERIDGE MANOR A&SOCtATION IIMrrED (a company limited by guarantee) JtsEal aDd AdmAlliStrntive detsils Truste. Report for the year ellded 31 Detember 2024 The Trustees ofTotterid8¢ ManorAssociation Litntted ("the charltable compann presenttheir Annual Repo including the audited Financial Statements for the year ended 31 December 2024. Referellee and AdmlDi8trative lllforniation Clwity Name: Totteridge Manor Association Limited* Charity registration numb¢r: 221200 Company r¢gistration number.. 557715 Registered office and operational addrcss: The dge, 79 Northumberland Road New Barne¢ Herts. EN5 IEB MAnAgement Committee T¢ry Bannister Ray Ellis Colin Luke Andm Horsfield Keith Richards Tim Roberts Sheila Spensley Andr¢w Harris Richard Corneliug Chaim8n Verderer Company S¢cretary and Treasurer Membetship W&yleaves Publicity Membership Finance committee Plannill8 * The Management Committe ue also the Dittcth and Tnwrts of the ChIlable comp?y. They are al¥0 Bll membu5 of th¢ Coun¢ii of MaDa8euML •• Tr ¢haritsble company 15 ) knowrt bs Audito NA Associates LLP, Chartered Certtfied Accountant& Woodgate Studios, 2 - 8 Games Road, Cockfoslers, Hertfordshire, EN4 9HN. Bankers Barclay5 Bank Plc, Leic&ster. LE87 2BB. Illve8tment MaDagers Charles Stanley & Co, 25 Luke StreeL LA)ndon EC2A 4A]L Page I
TOTTERIDGE MANOR ASSOCIATION UTrtrrED (a comp8ny litnited by gu*rantee) Trustees, Report for the year ended 31 December 2024 Ngme and Reglstered Office of the charitsble company The full nam¢ ofthe charitable company is Totteridge ManorAssociati¢)n Limited. its r¢gist¢red offi¢e address is shown on page l. Cbaritable company's Fin&n¢ial Stat¢ments In preparing the funCIal statements for the clwitable company, the Twste¢s have adopted the provisions of the Statement of Recomtnended Prnctice (SORP)"ACUntins and Reportin8 by Charities" (FRS102) appli¢abl¢ to Ch1t]eS preparing their financial statements in acrdanCe with the Financial Reportin8 Standard appIlble in the UK and Republic of Ireland published in October 2019 issued by the Charity Commission and the Financial iieporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102 Section IA). Th¢ financial ststemenls comply with the charitable company's governtng dUmen the Memorandum and Articles and the special provisions of Part 15 of the Companies Act 2006 relating to small ¢ntities. the Charities Act 201 L and th¢ Charity Comtni5sion's published guidance on the Public Benefit reporting requiremellL Objectives and Con$litutioll of the ehArltsble company Th¢ objectives of the clwitable company are to matntain and preserve the common lands fornerly held by the Lord of the Manor of Torteridg¢ and the rural amenities 8ttaGhing thereto for the beliefit of the residents of Totteridge and neighbourtng districts and visitors. Revlew of activities l. The statement of fu¢1a] activities is s¢t out on page 9. 2. The activities of the charitable company are uncbattgeA since last year, and arc principally the mainlenance and cons¢rvalion of man0ri81 lands owned by the charitable company in Totteridgc and th¢ pr¢s¢rYa¢ion of the ameniti&s of Totterldge. The clwitabl¢ company is run by the Council of Manageme&t which may, from time to time. appoint a member of the charitable CoMpY to the Council of Mallagement. Th¢ Council of Management meets Several times each year to consider matters arising in relation to achieving the objectives of the charltablo company. 3. Net inconle l (expenditure) for the year amounted to a net d¢ficiency of £4,653 1 (2023.. net deficiency £11, 121) before nel gains l (losses) on red asset ittvestments. Expendire was closely monitored throughout the year alld some substatttial improvements proj¢ots were Idertaken. A r¢vi¢w of the finances of the charitable comw]y is s¢t out bolow. 4. Members contributed a totsl of £9.877 (2023 .. £10.654). We aim to recover income tsx on tnany of the contributions and that requires the charttable company to obtain a 8ift aid statement from each individual eontributorwhen appropriate do so. A donation of £5,000 was r1Ved from a non member. way]Ve income continues to be a most important souw¢ of recU]ng income to the charitable company and £118.580 was received in 2024 Q023 .. £JJ 7,308). Wayleave income continues to be considered a stable forni of incom¢ with a reasonable prospect of growth tn future years. Page 2
TOTfERIDGE MANOR ASSOCIATION LIMftED (* company limited by guarnntee) Trnstees. Report for the year ¢nded 31 December 2024 Income received from the charitabl¢ ci)mpany's investtnents amouDtsd to £26294 (2023 .. £23.071). 5. Expenditure on maintenance of the common 18nds including litter cleardnce amounted to £134,807 (2023 .. £131.053). The cost of maintsining our land is expected to remain a significant overhead in the future and as previously reported the Tnths have been working towar&s a position Wh¢ our sustaitthle income llbeS our annual expenditure and believe this is near to being aChI¢(L Totteridge residents will confinue to ben¢fit from the maintsllauce and improvement works that ar¢ carried OUL 6. The investment in our maintenance building and equipment s¢v¢ral years ago and the tractor and other equipment more recently wntinues to achieve a saving in thtrd paty costs as well as providing flexibilty in the timing of ground tnaintenance and grass cutting. Our fixed assets now have an ongoing carrying value of £52.106 Q023 .' £45. 732). 7. In accordance with Unit¢d Kingdom Generally Accepted Accounting Practice (UKGAAP) our investments have been valued at market value at the balance sheet date resultillg in a supIu8 of £41.884 Q023." $p15 of£39.907). The valtse of our investments at the balanc sheet date was £891.189 Q023 - £849,305) with an origillai cost of £733.570 (2023 - £733,570). Fwids Strncture Policy 8. The Tntstees believe that the chaTitable c4)mpany sufficient re$VeS to meet its needs effectively. Some of the reserves are desigllated to enable Splfi¢ projects to be tackled as appropriate. Most of these desiguated reserves arose from otlevoff wayleaves granted in previous years. There is no restriction on their use. Surplus fiu]ds are invested in income gen¢rating products as shown note 7. 9. The ryort and financial statements were approved by the C0clI of Management on 12 May 2025. Method of Ele¢tioD of Member3 10. In accordance with the Articl&s of Association a Perso being a resident or propety ovmer of Totteridge or, being a kndy corporate. unincorporated association, or partnetsELiP having its main seat of business in Totteridge, de5irillg to qualify atld be admitted as a member of the clwitable company must sigll a fonn of application for membership. The Cow]cil of Management may make regulations from time to ttm¢ for th¢ admissio resiation and removal of any perso desiTing to support the charitable company as 'associates' who sbaIl not entitled to vote at genernj meetings of the charitable company or to attend such meeting &8 of rigbt. VolMnteer8 I l. Th¢r¢ are no unpaid volunteers, other thaD the Council of MatLagement who give their time freely unless disclose4 otherwise in note 14. The charitable company does not cany out any sigllificallt fundraising activities. Page 3
TOTTER]DGE MANOR ASSOCIATION LIMfTED (a COD)pany limited by gnaralltee) TnL8te&%' Report for the year ended 31 December 2024 DirectonrrrllsÉe 12. The (vtho are a]50 the Directors) of the ch2ritsble company are listed on page l. All of whom continue to give their time freely unless disclosed otherwise in note 14 and there are no volunteers other than Council of Management members. No single body has greater election powets than another. It is the Council of Management's responsibility to appoint and train new Trustees. Trustees Iutsrests ill Contracts 13. None of the Trnstees have a material interest in any contt7ct of significance to whi¢b the charilable company was a party duriog th¢ fllwicial year. IDvesthieut Poliey 14. £891,189 (88%) Q023 . £849.305 (880/4)) of the charitable CoPanY'S reserY¢s of £1,004,211 Q023 .. £966,980) is held in investtnettts. The current policy of the cbaritsble company is to hold a Si]riCant amount of its reserv in medium and low risk securities to generdte income and protect capital. These itLve5tments are held for the long terni. Plans for Futsre Periods 15. Th¢ charitable compaoy will continue to maintain and preserve tts common 18nd in Tottgridge. Governance and Internal Control 16. The apEK)inlments of the Company Secretary and Treasurer have segregated accounting duties which provides the post holders with the $pe to d¢l¢8at¢ ¢¢ill t&sks which should allow mor¢ time to k swit on strategic planning matters. Auditor8 17. A resolution to re-apw>int the auditor4 NA A&sociates LLP, will be prOp0d at th¢ n¢xt Annual Genernl Meetxng. Rlsk Managetllent 18. The Ttustees continue to the major ri5t0 which the clwitable eJ)mpany is exposed. The charitable company has ¢ontinued to bave net OlLtgoin8s or small surpluses in recent Yea and the Trustees continue to seek ways to increase income and control expendithre to move to an arUal breakeven or small surplus position to prevent the trduction in the C}ritable COllLpany's reserv&s. However, they have not identified any Tisks which give Publie Benefit 19. The Ttustees are aware of the tLeed to demonstrate public ben¢fit 8Dd in pla[Illg our activities during the year we have kept Ill mind at our meetings the ChArity Commission guidance. The objectives of th¢ charitable company ar¢ shown on page 2. Page 4
TOTfERIDGE MANOR ASSOCIATION IIMfrED (a company limited by guarantee) Trtee$, Report for the year ended 31 December 2024 Statement of Truste¢s' Rap0sibIlItieS The Truste (who are akn Directors of the cbarttable company for the purposes of company law) ar¢ Ksp)nsible for prep8Ting the Trust$ Report and the financial statements in ac£ordance with applicable law and regulations. Company law requires the Trustees to prepare financial stat¢ellts for ¢ach fancIal year in accoTdanee with United Kingdonl Generdlly Accepted Accounting Prnctice (United Kingdom Accounting Standard5 and applicable law). Under wmpany law the Trustees must not approve the fittan¢ial statements unless they ar¢ satisfied that they give a tn and fair view of the state of affairs of the ¢h&ritsble company and of the incoming resources and application of resource itLcluding the income and expendttu)B of the charitable company for that p¢riod. In preparing thes¢ fu1claI stsi¢mellt& the Trustees are required to: s¢lect suitsble ollting wlicies and then apply them ¢onsistentlyJ observe the methods and principles in the Charities SORP 2019 (FRS102)" make judgments and accounting estimates that are re&sonabl¢ and prudent. stats wheth¢r applicable UK Accounting Standar(Ls have been followed, subject to any material departtlres di5clos¢d ¥lld explained in the financial statements. prepare the financi81 statements on the going concern basis unless it is inappropriate to presume that the charitable company witl continue in business. The Tnts are resp)rtsibleforkeeptng adequate accounting records that are sufficientto show and explain the charitable comp8ny's traECtIonS and disclose with reasonable accurdcy at any time the financial position of the Charitable compally and enable them to ensure that the financial ststements comply wtth the Companies Ad 2006. They are also responsible for safeguarding the assets of the ¢l]aritsble compally and hence for taking reasonable steps for the prevention and d*tion of fi3ud and other itregularitÈes. Stalement ofdis¢losure of infonDAtioll to Yduditon In accordanc£ with compatty law, and Trustees of Totteridge Manor Association Limited at the date of approvaj of thes¢ finKial statements &% set out on pkge I, each conf that so far as we are aware, that ther¢ is no relevant audit inforntiOn of which the company's auditors are Unaware" we have taken all the steps that we ought to have token as Trustees in order to make ourselve5 aware of ally relallt audit information and to establish that the company's auditOTS aw8re of th4t infomiation. The fllwicial statements have been prepared iti accordance with th¢ special provisions of Part 15 of the Companies Act 2006 relating to small entities. By order of the Coun¢iI of Management CDLuke Company S¢cretOry Dated: 12 May 2025 Page 5
TOTfERJI)GE MANOR ASSOCIATION LIMITED (a company limited by guaralltse) Independent Audi¢on' Report to ihe Members ofTotteridge Manor A&8oci&tion Limited for tbe year ellded 31 December 2024 Opinioll We have audited the financial statements of Totteridge Manor Ass(Kiation Limited (the 'c[rtabl¢ wmpany.) for the year ended 31 December 2024 whicb comprise the Statetuent of Financial Activities, the Balance Sheet And the relaied notes Dumberd I to 14, including a summary of significaut acwunting policies. Th¢ fllwiCi reporting framework that has be¢n applied in their Preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Fintmcial Reporling Siimdard applicable in the UK 01 Republic ofTrelt>kl(Unita Kingdom Generalty Accepted Acwunting Practice). In our opinion the fllwicial statements: give a tNe and fair view of the state of the chArithble compaDy'S affairs as at 31 Dec¢mber 2024, and of its inwmin8 resources and application of resourw including its inwme and expenditure. for the year then ended. have been properly prepared in acwrdance with United Kingdom Generally Accepted A¢¢ounting Practice- and hav¢ been prepared in accordance with the rquiretnents of the Companies Act 2006. B8si8 for opinion We conducted our audit in accordance with Int¢rnationaI Standards on Auditing (UK) (ISA5 (UK)) and applicable law. Our responsibilities under those standards are further d¢s¢rib¢d in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent ofthe charitable company in accordancz with the ethical rquirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical rcyinsibxlilies in accordance with these requirements. We believ¢ that ihe audit evid¢n¢¢ we have obtained is sutTicient and appropriate to provide a basis for our opinion. Conclusions r¢lgtlDg to golne toDetrn In auditin8 the financial statements, we have concluded that the Tnees, of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on th¢ work we have perfornied. we have not identified any material uncertainties relating to events or conditions thai individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going rteern for a period of at least twelve onths from when the flnancial statements are authorised for issu¢. Our responsibiliti¢s and the responsibiliti¢s of the Trnstees with re5F*Ct to going concern are described in the relevant 5e£tions of this report. Other InforniAtion The Trustees are reswjnsible for the other inforn)ation. The other infornlation comprises the information included in the Trustees reporl otherthan the financial statements and our auditor's report thereou. Our opinion on the fillancial statements does not cover the other inforniation and. except to the extent othenvise explicitly ststed in our repo¢ we do not express any forni of assurance concIlOn th¢reon. Iu ¢oJ)nection with our audit of the fuwicial statetnent& our resw)L8ibility is to read the other information and, in doing so, consider whether the other infornlation is mat¢rially inwnsistent with the fllRncial stat¢m¢nts or our knowledge obtAined in the audit or otherwise aPpS to be materially misstated. If w¢ identify such material inconsistencies or apparent material Page 6
TOTfERtDGE MANOR ASSOCIATION LIMrrED (a company limited by guarantee) Independent Audilon, Report to the Member5 of Totteridge Manor A8SOCi2tion Illmited for the year ended 31 December 2024 misstatements. we 8re required to det¢rniine whether there is a material misstatement in the fjnancial statetnents or a material misstatement of the other inforniation. If, based on the work we have performed. we conclude that there is a material mi&statement ofthis other inforniatii)n. we are r4uired to report that facL We have nothing lo report in this regar Opinions OD other matlers prescribed by the CompAnies Aet 2006 In our opinion. based on the work undertaken in the Course of the audit: th¢ infornwtion given in the Trusiee5 report (incorporating the directors, report) for the fmancial year forwhich th¢ fin8nGid statements areprepared is consistent with the financial statements. and the Trustees report has been pretAred in accordance wtth applicable legaI requirements. Matters on whlcb we are required to rtport by exception In the light of our knowledge and vnderstsnding of the charitable company and its environment obtained in the course of the audiL we have not identified material misst8tsments in the Trust¢¢5 report. Wo have nothing to repM)rt in respett of the following matters in relation to which the Companies Act 2006 r¢quires us to rert to you if. in our opinion: adequate accounting records have not been kepL or Teiurns quate ft?r our audit hav¢ not been received frotu brdnches not visited by us; or the fujancial statements are not in agreem1 with the accounting records and returns. or ertain disclosur of directors, remuneration specified by law ar¢ not made. or we have noi received 811 the inforniation and explanations we require ft>r ow audiL.or the Trustees were not ¢ntitl¢d to prepare the ftnancial statem¢nts in accordance with the small companies, regime and thke xdvalltage of the smaIl companies. exemption in preparing the Tn And from th¢ requirement to prepare a strategic report. Responsibllities of Trustees As explained mor¢ fvlly in the Tnjstees, responsibilities statement, the Trustees (who are a]so the directors of the charitable Company for the purp)ses of company law) are responsible for the prepardtion of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the Tntee5 detem]in¢ is necessary to enable the preparation of financial statements that are free from material misstatemenl whether due to frdud or error. In pr¢paring the flnancial statements. the Tnths are r¢sponsible for assessing the cbarit&bl8 company's abilty to conttnue as a going concrf disclosin& applicable, matters related to going concern and using the going cOnrn b&8is of accounting unless the Trustees either intend to liquidate th¢ charitabl¢ company or to Ce op¢ratioo4 or have no realistic alternative but to do so. Auditor's reJponsibiJities for the audit of tbe financial statements Our objectives are to obtain reasonable Urance about whether the faCIal statements as a whol¢ are free from material misstatemenL whether du¢ to fraud or error, and to issue an auditor's report that includes our opinion. lieasonable assurance is a high l¢vel of assurnnc btLt is llot a guardntee that an audit Conduct in accordAnce with ISAS (UK) will always detect a material misstatn¢t when it exists. Misstthments can arise from fra or error and are Page 7
TOTfER]DGE MANOR ASSOCIATION LIMrtED (a compAny limited by guardntee) llldependent Auditors. Report to ibe Members of Totteridge Manor As50ciatioD Limited for the year ended 31 Deeember 2024 considered material if. individually or in the agwte. they could re&sonably b¢ expected to influence the economic decisions of users taken on the basis of these fuwLcial statements. Irregul8riti¢s. including frau are instances of non-compliance with laws and T¢gulations. We design procedures in litLe with our reswnsibilitie4 outlined above, to detect material misstatements in respect of iTregulaTitie4 including frdud. The sptriC prcKedures for this engagement and the extent to whichthese arecapable of detscting irre8ularitie4 including fraud is detailed below: Discus8ions with managemenL including consideration of known or $USFeCted iustan¢es of non-eompli&nc¢ with laws and re8uIAtions and frJu¢ and Identifying and testing significant manual journal entri and reviewiug assumptions and judgements mad¢ by management in maktng significant accounting estimates. Because of the inherent limitations of an audiL there is a risk that we will not detect all irregularities, includin8 thos¢ leading to a material misststem¢nt in the fanCial statements or DOII-complianc¢ with regulation. This risk incr¢as¢s the mor¢ that compliano with a law or regulation is r¢mov¢d from the ev¢Dts and trAnsactions reflted in the financial stat¢m¢ntS, &8 we will be less likely to become aware of instances of non4ompliance. The risk is also greatsr regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment. forgery, coll810]). omission or MiSr¢prul8ts0ll. A furth description of our re4ponsibiliti¢s is available on the Fin8nci&l R¢porting Council's websits At: https:Ilvnvw.frc.org.uWOur-WorklAuditlAudit-and-assur8n¢eJStand8rds-8nd- guidanc¢/Standards-and-guidanc¢-for-auditorslAuditors-Te5ponsibilities-for-auditlDescription -of-8uditors-responsibilities-for-audit.aspx. This description foms part of our auditor's report. Use ofour report This report is made solely to the charitable company's memb¢r4 ts a body, in aceordancx with Chapter 3 of Part 16 of the Compani¢8 Act 2006. Our audit work has been undertaken so that we might stale to the charitable Company's Membe those rnatte we 8re 1r¢d to stat¢ to them in an auditor's report And for no other purpose. To the fijllest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charitsble company and the haritsble company's members 8s a knly. for our audit work. forthis r¢PO or for the opinions we have forned. Stephen Hunt (Senior Statutory Auditor) For and on behalf of NA A&)at¢S LLP Chart¢red C¢rtifieAI A)untants 8nd Statutory Auditors Woodgate Studios. 2- 8 fjam&s Road. C(Kkfost¢r& Hertfordshire, EN4 9HN Dated: Page 8
TOTTEKIDGE hlANORASXKtATION LlhliTED la compuy limtttd by tuArAileel srAITMENfoF FINANCIAL AcrtVITIES (kntluding $uffjm8ry IDcom¢ EKPtttdiluwt Attotrnt) For thty¢•r euded 31 D¢ctmbtr2024 UDrutrlttsl FEtD P4ote Gen¢rnl Deiigttttd Tot•l Funds 2024 2024 Total Futtds 2(123 INCOME AND ENDOWfvtFNfs FROM: DoDatiolls and l¢Bacies. Volwthy incoll 14.877 26.294 118.580 14,877 26294 118.580 10.654 23.071 IJ7,308 htt. Woyleaves and TOTAL [NCofv AND ENDOWMENTS 159.7Jl 159751 151.033 EXPEf¥DrruRE ON.. Charit8bl¢ 8¢tivlties 154.852 9.552 134.852 9,5J2 152.278 9,876 TOTAL EXPENDITURE 164,404 J62.154 Nel inwme l{txpendlturel beforn Det plMI OoJstJ) on Inv¢Jtm¢nts {4&53) (4,6J31 (lJ,121J Net 8•IAI I Ilomu) OA IDVtitmellts 41.884 41.884 39,907 Net In¢om¢ Ilexp¢ndlturt) b¢for¢ tr4Mfe 37231 37231 28.786 Net Incom¢ l(expelldl¢ur¢l before othtr rttogniKd gAtth5 Illomu) 37231 37.231 28,780 NET MOVEMEWt IN FUNDS 37.231 37231 28.786 RECONCILIATION OF VUNDS: TQTAL FtINDSBROUGlffFORWARD 577.738 389242 966980 938,194 TOTAL FUNDS CARRtED FORWAIID 614.969 389.242 i.(K)4.211 966,980 All of the atKTrve rEsuIts 8t¢ deriv&l from CODtiuuing aaiYi(ies. All 15 arml kw¥ &T¢ tllcludVJ&We. There w*9 n¢)mOvemt 15) th¢ 2023 or2024.
TOTfERIDGE MANOR A&SOCIATJof4 LIMITED (a compauy limited by garAlltee) BALANCE SHEET As at 31 December 2024 Company Dumber 00557715 2024 2023 Not& FIXED ASSETS Tangible assets Investments 52.106 891.189 943,295 45,732 849,305 895,037 CURRENT ASSETS Debtors Bal and other deposits 10,294 114.550 124.844 3,238 137,078 140,336 CREDITORS: amounts filling due wlthln one year (63,928) (08,393) NET CURIiENT A&SKTS 60.916 71,943 TOTAL ASSETS LE&S CURRENT LIABiLrrTES .004.211 966,980 FUNDS: Unrestricted funds tksignaled funds General funds 10 io 389.242 614,969 389.242 577, 738 TOTAL FUls I,(KM.211 966,980 Th¢ financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Compaoies Act 2IN)6. Approved and authorised for i5$ue by the B(wd of Trustees aDd Sign on its behalf by Tery Bannister Company Secr&ary Colin D Luke FCA Dated: 2 Page io
TOTfERIDGE MANOR ASSOCIATION EJMITED (8 company IiTnited by guar#ntee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 DeMber 2024 I ACCOiINTING POIICILS Totteridge Manor Association Limited is a charitable company limited by guarantee incorporated i Englan(L untr K]ngdottL The place of business is the R¢gist¢red Office. The charitable company constitutes a public benefit entty defined by FRS 102. The fitmicial statements have been prepared ar£ordallce with Accounting and Reporting by Chariti&%.' Statement ol Rewrnmended Prathce applicable to charities preparing their acrx)unts in accordanc£ with the Financia] Reporting applicable in the UK and R¢publtc of Ireland (FRS 102) issued in October 2019. the Financial Rewjrttng Slzndard applicable in the Utit Kingdon) and Republic of Ireland (FRS 102), the Charities Act 2011. the Companies Act 2006 and UK GenerallyAcceptl Ar£OttIngPra¢t1Ce. The charity not include a LX8h flow staternt on wunds that it is applying FRS 102 StIOn The finallcial statements are prepar&1 on a goin8 concern basis under the htstorica] cosL convention, modified to include certain items at Fdir vdtue. The fllwicial statemeNL8 are p]Ysented in sterlin8 whith is the fi]D¢tional currency of the charity and tr)unded to the nearest Pound (Q. They PT¢sent the fin8nciai position of tlLe ch2ritHbl¢ compally alone as there is no gro4J. Th¢ fuRncia] 5tstements have Iwi Fre on a going conL¥m basis. Th¢ ¢l]aritable company has a 5tn)ng balance sheet and working tal and therefore tn the opinion ofth¢ Tntee$, the company is able to pay its debts as and when they fr due forthe for&seeable future. The significant accounting p)licies appli in the prepamion of these fmanciat statements tre 5¢t oul Ilow. These tKJlicies have beets coll5tstently appli to ail year5 pr¢5entrd unle&4 otheTwise stated. lucomlng resources All income ts reCOlSed iti the Statematt of Financial Activit[ when the Conditions for receipt have been met and thue Is re&8onabl¢ &ssurdnce of T[PL VrfTrere a claim for repayment of lTr¢ome h&5 or will be made, such incotne is wssed up for the rtrverable in th¢ period in which the donations are received. The following other accounting polici&% ar¢ applied to income.. Donq(IoAT tncome from donatiOJLS a[ wayleave5 ar¢ included in th¢ aLYOUt)ts when the TnLSt¢e5 consider the incotue to be certaio entitkrnenthls p&4ed to the charitable company and the atnount may be aceur¢ly measutE(L except for amOUts specified paid in advanc4 which are included under creditors. Interatreceiwble &ndJMveslnn1iACVIThe Interest receivable and illVtstsll¢nt ino)]ne is on accruals bL8iS. TasAtion The charitsble company is a regist¢4 charity and does not lTrde for purp)ses. It is not liable to corp)ration tax on its net incommg resowee5. Tax recoverdble (fft gtft aid dxlatztions is included in the balance sheet under sundry d¢btors. Fuod Aceolllltig The charitable e(xnpany mainkn various ty8 of fiThJs as follows:. RullcledFuu Rtricted fid$ repTtseDt 8Thnts,doA]ations and legaci&% lY¢A which are allocated by the donoi foI speLtfic PUTFX)ses. The cbaritable company does not currently have restricted fid8.
TorrEIiIDGE MANOR ASSOCIATION LXMtTED (a tompany limit by gu#r4nte¢l NOTES TO THE FINANCIAL STATEMENT3 For tbe year ended 31 Dccejnber 2024 ACCOUNfiNG POLICIL8 (CODtiDued) Unralrlciedfwrds Larg4 non recurring wayleave receiixs ari8in8 in any one year are showm as exceptional items in the income and eOdIre account and transfer1 to the Designated erVe. Trdnsfers from the Designated reserve are at the di8Ctetion of the Managernent Cotnmittee alld tbere are no restrictions on their w. The Management Committee Principally use the reserve for the fjjnding of non recurrin8 or exceptional expenditure by the charitsble compauy. In addition. the reserve may be for fijndtng any annual deficit . Genera] unre5tri¢ied funds represent unre5trid¢d in¢om¢ which is exF¢ndable ai the di5ttetion of the TTUStees in the fijrtherdnce of the objects of the clwiiable company. Sh fi{L5 raay held in order to fitl¢e both working ¢apital 8nd upital investmenL Charitable expenditure Charitable expenditure is a¢¢ounted fv on an accnjal bLI and Comprits those ¢osts incuTr¢d by the clwitabl¢ company in th¢ delivery of its activilies and services for its tneficiaries. It include5 both ¢osts that can be all(ated directly to such actÉvities and th08e costs of on dtrKt na¢ure necessary w supwi them. Goyernallee costs Govtrnance costs iDclud¢ thos¢ Costs ¥sociated with meetit)g the constitrjtional and 518tulory r¢quiremellts of the charitabl¢ wmpany w)d include dit fees and costs linked to the strategic man88ement of the Charl]e company. Tanglble Ilxed assets ID addition to &8sets sho1 in the ba[all she¢L the ¢h4ritable coDJpany Ow$ common lands, whi¢h it quIred for nil coll5id¢ration. in th¢ Manor of Totterid8e. The TrJstee5 do not intend to value thi5 a55et in the xcounts as they are not rvquired to under UK GeD¢rnlly A¢¢epted Accounting Practice. InY¢stments The charitable comFwny continue3 to IK)Id investh)thts in medium to low risk investments. which are held &8 Fixed Assets as tbe Trustees considers inv¢stsnents are held for the lon8 tem). The investsnents are adjusted to m•ket value ot the year end and th¢ gain or los$ taken to the Ststement of Financi81 A¢tiviti¢s. Share c8pItsI The charitable ¢OrnWdny has 00 sh¥r¢ capitsl )d is limited by guaTan¢. The memlxrs of the ¢IMritsble company are as exp]atn¢d on po8e 3. th the event of the ciwitable company being wound up, the liability irt r¢sp¢ct of the guarantee 15 limitrd to £1 per member of the charitable company. Depreciatio Tangible fued &s5ets are stated at cost 1th8 dwiation. DrecIatIon is provided at rates calculated to TrTite off the ¢ost of Gxed les5 their estitDated r¢sidual value. over their exCted useful lives on th¢ followiD8kn' Plant and macbinery- 5%- 1(P/o straigbt line Maintenancebuildin8- straight IiD¢ Debtors and cre(fitors Debtors and creditors with no stated interest rate ¥nd r¢¢¢ivabl¢ or tAyable within one year are recordedat trwjsaction pric Pag¢ 12
TorrERtDGE MkYOR A&SOCJATION LIMITED (g tojnpgny liltEd by gllArnlltst) NOTLS TO THE FINANCIAL sfATEMENTS For the ye*r ¢nded 31 December 2024 2 SUMMARY OF INCOME AND EXPENDITURE 2024 2023 Income Expenditure Sutplu$ / (deficit) on ordinary activities kfore gains l Oo&w) 159.751 (164,404) (4.653) 151,033 (162,154) (JJ,12J) (Losses) I gains Net incoming l (Outgoi resourc¢g 41.884 37,231 39,907 28, 786 3 INCOMING RESOURCES FROM GENERATED FUNDS UDreJtrkted funds Central 2024 Dejlgnated 2024 Total Funds Total Flllld$ 2024 2023 Volulltary Income Donations 14.877 14.877 10,654 Invutm¢n¢ IDeome Iocoine from investments tuter&8t re¢¢iv&ble 24.792 24,792 1.502 2J,539 J,532 26294 26,294 23,071 4 CHARrrABLE ACnVTfiES Unrestrleted Geo¢ral 2024 Deslgtt4ted 2024 Totsl 2024 Totll 2023 MaintenaD¢e of ¢omtDon1ond Litt¢r clearance DEprKiation Support wst Legal and professional fees Insufdnce Finance aDd oUntIng 104.341 26.712 3585 108,095 26.712 5.526 6.208 3.093 3,718 1.5(KJ 154,852 104,341 26, 712 3,585 4.960 7.453 3. 727 1,500 J52.278 7,453 3.727 1,5(K) 152,278 Page 13
(4 CopanY limit¢d by gu8Tanttt) NOTFS TO THE FINANCIAL STATEMENTS For the year ended 31 Deeember 2024 5 GOVERNANCE COST 2024 2023 Audit fee Company Secretsriai 5.100 4,452 4.620 5.256 9,552 9,876 6 TANGIBLE FIXED ASSETS Plant And m•chlnery MAlnten8n¢e Buildlng Totsl Cost l January 2024 Additions 31 DecemFrtr 2ff 69,682 11.900 81,582 27,265 96,947 11.900 108,847 27,265 Depreciation l January 2024 Charge for the year 31 Decemlxr 2024 23,951 5.526 29.477 27,264 51,215 5,526 56.741 27.264 Net Book Value 31 December 2024 52,105 52,106 Net Btth Yolue 31 December 2023 45.73J 45. 732 7 INVESTmE[s HELD AS FIXED ASSETS FOR USE BY THE CHARrrY At31 December 2024 JgnllAry 2024 AddltloDS I {di5posals) Market value Gainnoss DIretIonary Management Portftilio 849J05 41.884 891,189 The historical cost of the invE¥tm¢nts 15 £733"570 (2023.. £733.570). All tnvestments ar¢ held to provide a retUllL Page 14
TOTfERIDGE MANOR A&SOCIATIONIJMrrED (a ¢otllpny limited by garantee> NOTES TO THE FINANCIAL sfATEMENrs For tbe year eDde4131 Dec¢mber 2024 8 DKHTORS 2024 2(123 (hher debto Prepayments 8.614 1,680 10,294 J,50J J, 758 3,258 All amounts fail due within one year. 9 CREDITORS: AMOUF FALUNG DUE wrrHIN ONE YEAR A¢¢nS Deferred ineome 22.090 41.838 63.928 27.183 41.210 68,393 10 MOVEMENf IN FUNDS Atl Jmury 2024 At31 Deeember 2024 tncom¢ Expenditure Oosses) Tr•nsf¢rJ DesignatJ 389242 577.738 389242 614,969 159.751 (164.404) 41.884 Total unrestricted fijn 966.980 159.751 164.404 41.884 1,004,211 No transfer from the Desi8nated Raserve h8s made by the1kn t¢) tht 8¢nerd fijnd 8s thore is 8 sufficient surplus arising frorn this year and pffvious years. 11 ANALYSIS OF A&SE13 Al LIABILfn&s BEIIVEEN FUNtks UnT¢strlcttd funds Gener1 DeslgDled 21ll4 2024 Totll Fulld8 2024 Total Fundj 2023 Fixed wets: Plant and machinery Inv&8tments Current assets: Debtors CRsh at bank and in hand Current liabiLiti¢s 52,106 337.136 52,106 891,189 45.732 849.305 554.053 10294 114550 (63.928) 10294 114,550 (63.928) 3.258 J37.078 (68.393) 614,969 389.242 1,004211 966,98 15
T(YrrERIDGE MANOR 0C[ATION LIMrrED (& COmPAny litDited by gu*r4ntee) NOTLS TO THE FINANCIAL STATEME]¥TS For the year ended 31 December 21124 12 DIRECTORS, REMUNERATION The directors received no remuneration for their services to the charttable company and were not reimbu[s for any expenses during the year apart from the disclosure in note 14. 13 sfAFF COSTS The charitsble COTupany does not have any employees and does no( th¢refor4 incur the lated expenses. 14 RELATED PARTY TRANSAcfioNS Colin Luk¢. the company retary, was patd for his cotnpany secretarial work, treasurer function and accounts preparation services during the year, through Colin D Luke and Co as follows." 2024 2023 Company 5ecrotarial and trwurer functions Accounts preparation sviCeS VAT 3,710 2.4(K) 1222 7,332 4.380 2,400 1,356 8,136 A nnected party tt) Colin Luke received book-keeping fees of £1,500 (2023.. £1,500). Page 16