## AGM ## Thank you for attending today - Re cap 2025 – Great year with support of community and al the volunteers - As the chairman would like to thank the board - members for their support and guidance - 2025 – Fund raising Val day – Paddys Day – New Summer Party – Xmas lunches - 1940 day and Tap Marathon with kats Dance - Chris Manager support and hard work My role I am hoping in 2026 to have more of a understanding how Sandon house runs so I will be trying to be as involved as I can and with the overall running , so this can help me with decisions going forward , as this is a new role for me I will ask for patience’s as my skill set is is tap dancing 2026 – We are hoping to carry on the right direction with improvement and I know things are not perfect ie Communication needs to improve and we are looking at more volunteers meeting so we can arrange feedback Financial is good a position having secured funding and income – 2 years Cadent centre for warm / Rochdale working skills / Room booking have increased / Regular bookings – Café is running 1 day a week Thursday and this is being discussed and monitored by the board ## **Sandon House Community Centre** ## **Financial Statements** ## **31 March 2024** **Contents Page** Trustees' Report **1** Profit and Loss Account **1** Balance Sheet **1** Notes to the Financial Statements **1** **The following pages do not form part of the financial statements** Detailed Profit and Loss Account **1** Notes to the Detailed Profit and Loss Account **1** The trustees present their report and the unaudited financial statements of the company for the year ended 31 March 2024. ## **PRINCIPAL ACTIVITIES** The principal activity of the company during the year was providing services for the Elderly. ## **SMALL COMPANY PROVISIONS** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. Signed on behalf of the trustees Approved by the trustees on 12 November 2024 **Turnover** **113,560** 78,569 Cost of sales **23,470** 21,114 ------------------------------------------------------------- **Gross Profit 90,090** 57,455 Administrative expenses **72,059** 58,751 ------------------------------------------------------------- **Operating Profit/(Loss)** **2** **18,031** (1,296) Interest payable and similar charges **2** – ------------------------------- -------------------------- **Profit/(Loss) on Ordinary Activities Before Taxation** **18,029** (1,296) Tax on profit/(loss) on ordinary activities **–** – -------------------------------------------------------- **Profit/(Loss) for the Financial Year 18,029** (1,296) Balance brought forward **29,380** 30,676 ------------------------------------------------------------Balance carried forward **47,409** 29,380 ------------------------------------------------------------=============================== =============================== **Fixed Assets** Tangible assets **14,682** 8,096 **3** ------------------------------- -------------------------- **Current Assets** Debtors **4 3,746** 4,286 Cash at bank and in hand **32,679** 20,195 ------------------------------------------------------------- **36,425** 24,481 **Creditors: Amounts Falling due Within One Year 5 1,304** 803 ------------------------------------------------------------- **Net Current Assets 35,121** 23,678 ------------------------------- ------------------------------- **Total Assets Less Current Liabilities 49,803** 31,774 =============================== =============================== **Reserves 7** Share premium account **8 2,394** 2,394 Profit and loss account **47,409** 29,380 **Members' Funds 49,803** 31,774 ------------------------------------------------------------=============================== =============================== For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees' responsibilities: · The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and · The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the Financial Reporting Standard for Smaller Entities (effective January 2015). These accounts were approved by the trustees and authorised for issue on 12 November 2024, and are signed on their behalf by: ## **1. Accounting Policies** ## **Basis of Accounting** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). ## **Turnover** The turnover shown in the profit and loss account represents amounts invoiced during the year. ## **Fixed Assets** All fixed assets are initially recorded at cost. ## **Depreciation** Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Plant & Machinery - 25% Straight line Fixtures & Fittings - 25% Straight line Motor Vehicles - 25% Straight line Equipment - 25% Straight line ## **Operating Lease Agreements** Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. ## **Financial Instruments** Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability. The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument. The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet. ## **2. Operating Profit/(Loss)** Operating profit/(loss) is stated after charging: **2024** 2023 **£** £ Trustees Remuneration **–** – Staff pension contributions **428** 341 Depreciation of owned fixed assets ## **6,061** 7,080 ========================== ========================== ## **3. Tangible Assets** **Plant & Machinery Fixtures & Fittings Motor Vehicles Equipment Total £ £ £ £ £** **Cost** At 1 April 2023 **8,283 19,164** **12,648** **4,084** **44,179** Additions **6,273** **989** **–** **5,386** **12,648** ------------------------------- ------------------------------------------------------------- -------------------------------------------------------- **At 31 March 2024** **14,556** **20,153 12,648 9,470 56,827** =============================== =============================== =============================== ========================== =============================== **Depreciation** At 1 April 2023 **3,889 16,827 12,648 2,719 36,083** Charge for the year **3,639 1,075 2,368** **–** **7,082** On disposals **–** **(1,020) (1,020)** **– –** --------------------------------------------------------------------------------------------------------------- ------------------------------- **At 31 March 2024 7,528 16,882 12,648 5,087 42,145** ========================== =============================== =============================== ========================== =============================== **Net Book Value At 31 March 2024 7,028 3,271 4,383 14,682** At 31 March 2023 4,394 2,337 1,365 8,096 **–** ========================== ========================== ================ ========================== =============================== – ========================== ========================== ================ ========================== ========================== **4. Debtors** **2024** 2023 **£** £ Trade debtors **26** 4,286 Other debtors **3,720** **3,746** 4,286 – --------------------------------------------------========================== ========================== **5. Creditors: Amounts Falling due Within One Year** **2024** 2023 **£ £** £ Trade creditors ## **208** 117 Other creditors including taxation and social security: PAYE and social security **835** 555 Other creditors **–** ## 11 Accruals and deferred income **261** 120 **1,096** 686 --------------------------------------------------------------------------------- **1,304** 803 ========================== ================ **6. Related Party Transactions** **7. Company Limited by Guarantee** ## **8. Share Premium Account** There was no movement on the share premium account during the financial year. **The following pages do not form part of the statutory financial statements** . **Turnover** Donations **4,875** 7,460 Activities for generating funds **26,632** 32,703 Charitable Activities **3,281** 2,127 Grants **60,386** 17,496 Room Hire **16,558** 16,557 Other income **1,828** 2,226 ------------------------------------------------------------------ **113,560** 78,569 **Cost of Sales** Purchases **21,624** 19,182 Direct costs **1,846** 1,932 ------------------------------------------------------------- **23,470** 21,114 ------------------------------------------------------------------ **Gross Profit 90,090** 57,455 ------------------------------------------------------------------ ## **Overheads** Administrative expenses **72,059** 58,751 ------------------------------------------------------------- **Operating Profit/(Loss)** **18,031** (1,296) Bank interest payable **(2)** **Profit/(Loss) on Ordinary Activities 18,029** (1,296) – -------------------------------------------------------=============================== ========================== **Administrative Expenses Personnel Costs** Wages and salaries **37,033** 29,391 Staff pension contributions **428** ## 341 ------------------------------- ------------------------------- **37,461** 29,732 ------------------------------- **Establishment Expenses** Rent ## **1,500** 1,500 Rates and water **906** 907 Light and heat **5,469** 4,414 Insurance ## **1,740** ## 1,618 Repairs and maintenance **6,038** 4,113 ------------------------------------------------------------- **15,653** 12,552 ------------------------------- **General Expenses** Motor expenses **2,638** 2,158 Travel and subsistence **689** – Telephone **670** 528 Entertainment **–** 321 Printing, stationery and postage **835** 1,076 Staff training **24** – Sundry expenses ## **1,368** ## 338 Laundry and cleaning ## **4,220** ## 3,364 Advertising ## **84** ## 67 Legal and professional fees ## **180** 240 Accountancy fees ## **1,636** ## 1,295 Depn of plant and machinery **3,639** ## 2,070 Depreciation of fixtures and fittings ## **1,075** ## 828 Depreciation of motor vehicles **–** 3,162 Depreciation of office equipment **1,347** 1,020 ------------------------------------------------------------- **18,405** 16,467 ------------------------------- **Financial Costs** Bad debts written off **540** – ------------------------------------------------------------- **72,059** 58,751 =============================== =============================== For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees' responsibilities: · The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and · The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the Financial Reporting Standard for Smaller Entities (effective January 2015). These accounts were approved by the trustees and authorised for issue on 12 November 2024, and are signed on their behalf by: ## **1. Accounting Policies** ## **Basis of Accounting** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). **Turnover** The turnover shown in the profit and loss account represents amounts invoiced during the year. ## **Fixed Assets** All fixed assets are initially recorded at cost. ## **Depreciation** Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Plant & Machinery - 25% Straight line Fixtures & Fittings - 25% Straight line Motor Vehicles - 25% Straight line Equipment - 25% Straight line ## **Operating Lease Agreements** Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. ## **Financial Instruments** Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability. The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument. The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.