2023-09-30-accounts - Churchdown Community Association

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REGISTERED CHARITY NUMBER: 246910

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CHURCHDOWN COMMUNITY ASSOCIATION

Mitchell Glanville Limited

41 Rodney Road Cheltenham Gloucestershire GL50 1HX

CHURCHDOWN COMMUNITY ASSOCIATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2023

		Page
Report of the trustees		1
Independent examiner's report		2
Statement of financial activities		3
Balance sheet		4
Notes to the financial statements	5	to	9
Detailed statement of financial activities	10	to	11

CHURCHDOWN COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 September 2023

The trustees present their report with the financial statements of the charity for the year ended 30 September 2023. The trustees have adopted the provisions of 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

246910

Principal address

Churchdown Community Centre Parton Road Churchdown Gloucester Gloucestershire GL3 2JH

Trustees

M Wake (deceased 17.7.23) R Colley N Dring (resigned 17.7.23) S Loveridge B M Henwood (resigned 23.10.22) C Jones L Court Ms R Merritt (appointed 1.8.23) J Richmond (appointed 1.8.23)

Independent Examiner

Mitchell Glanville Limited 41 Rodney Road Cheltenham Gloucestershire GL50 1HX

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.............................................................................. S Loveridge - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHURCHDOWN COMMUNITY ASSOCIATION

Independent examiner's report to the trustees of Churchdown Community Association

I report to the charity trustees on my examination of the accounts of Churchdown Community Association (the Trust) for the year ended 30 September 2023.

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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

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:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other 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 to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mrs A J Evans FCCA

Mitchell Glanville Limited 41 Rodney Road Cheltenham Gloucestershire GL50 1HX

23 April 2024

CHURCHDOWN COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 September 2023

Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Other income Total EXPENDITURE ON Raising funds Charitable activities Governance costs Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted fund £ 122,165 4,659 40,703 167,527 178,627 6,189 184,816 (17,289) 1,251,670 1,234,381	Restricted funds £ - - - - - - - - - -	2023 Total funds £ 122,165 4,659 40,703 167,527 178,627 6,189 184,816 (17,289) 1,251,670 1,234,381	2022 Total funds £ 107,938 (5,822) - 102,116 122,546 6,110 128,656 (26,540) 1,278,210 1,251,670

The notes form part of these financial statements

CHURCHDOWN COMMUNITY ASSOCIATION

BALANCE SHEET

30 September 2023

Notes FIXED ASSETS Tangible assets 6 Investments 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS	Unrestricted fund £ 1,157,946 59,708 1,217,654 14,121 64,303 78,424 (61,697) 16,727 1,234,381 1,234,381	Restricted funds £ - - - - - - - - - -	2023 Total funds £ 1,157,946 59,708 1,217,654 14,121 64,303 78,424 (61,697) 16,727 1,234,381 1,234,381 1,234,381 1,234,381	2022 Total funds £ 1,140,238 65,278 1,205,516 34,737 37,250 71,987 (25,833) 46,154 1,251,670 1,251,670 1,251,670 1,251,670

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. S Loveridge - Trustee

............................................. R Colley - Trustee

The notes form part of these financial statements

CHURCHDOWN COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2023

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charity, which is a public benefit entity under FRS 102, 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 financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery	- 10% on cost
Fixtures and fittings	- 20% on cost

TAXATION

The charity is exempt from tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. INVESTMENT INCOME

INVESTMENT INCOME
	2023	2022
	£	£
Other fixed asset invest - FII	4,479	(5,833)
Interest receivable - trading	180	11
	4,659	(5,822)

CHURCHDOWN COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 September 2023

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022.

TRUSTEES' EXPENSES

During the year no expenses were paid to trustees (2022 nil).

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

5.

Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 107,938 Investment income (5,822) Total 102,116 EXPENDITURE ON Raising funds 122,546 Charitable activities Governance costs 6,110 Total 128,656 NET INCOME/(EXPENDITURE) (26,540) RECONCILIATION OF FUNDS Total funds brought forward 1,278,210 TOTAL FUNDS CARRIED FORWARD 1,251,670		2023 6 Restricted funds £ - - - - - - - - -		2022 6 Total funds £ 107,938 (5,822) 102,116 122,546 6,110 128,656 (26,540) 1,278,210 1,251,670

CHURCHDOWN COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 September 2023

6. TANGIBLE FIXED ASSETS

Freehold property £ COST At 1 October 2022 1,120,747 Additions 27,320 At 30 September 2023 1,148,067 DEPRECIATION At 1 October 2022 - Charge for year 1,350 At 30 September 2023 1,350 NET BOOK VALUE At 30 September 2023 1,146,717 At 30 September 2022 1,120,747 7. FIXED ASSET INVESTMENTS MARKET VALUE At 1 October 2022 Disposals Revaluations At 30 September 2023 NET BOOK VALUE At 30 September 2023 At 30 September 2022 There were no investment assets outside the UK. Cost or valuation at 30 September 2023 is represented by: Valuation in 2020 Valuation in 2021 Valuation in 2022 Valuation in 2023 Cost	Plant and machinery £ 8,175 - 8,175 1,090 818 1,908 6,267 7,085	Fixtures and fittings £ 220,662 - 220,662 208,256 7,444 215,700 4,962 12,406	Totals £ 1,349,584 27,320 1,376,904 209,346 9,612 218,958 1,157,946 1,140,238 Listed investments £ 65,278 (10,049) 4,479 59,708 59,708 65,278 Listed investments £ (3,826) 10,330 (5,833) 4,479 54,558 59,708

CHURCHDOWN COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 September 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors Other debtors Prepayments and accrued income 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 10. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS	At 1/10/22 £ 1,251,670 1,251,670 Incoming resources £ 167,527 167,527 At 1/10/21 £ 1,278,210 1,278,210	2023 £ 6,244 2,539 5,338 14,121 2023 £ 6,668 13,518 41,511 61,697 Net movement in funds £ (17,289) (17,289) Resources expended £ (184,816) (184,816) Net movement in funds £ (26,540) (26,540)	2022 £ 24,679 - 10,058 34,737 2022 £ 4,908 8,304 12,621 25,833 At 30/9/23 £ 1,234,381 1,234,381 Movement in funds £ (17,289) (17,289) At 30/9/22 £ 1,251,670 1,251,670

CHURCHDOWN COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 September 2023

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 102,116 102,116	Resources Movement expended in funds £ £ (128,656) (26,540) (128,656) (26,540)	Resources Movement expended in funds £ £ (128,656) (26,540) (128,656) (26,540)
			(26,540)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	At 1/10/21 £ 1,278,210 1,278,210	Net movement in funds £ (43,829) (43,829)	At 30/9/23 £ 1,234,381
			1,234,381

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 269,643 269,643	Resources Movement expended in funds £ £ (313,472) (43,829) (313,472) (43,829)	Resources Movement expended in funds £ £ (313,472) (43,829) (313,472) (43,829)
			(43,829)

11. RELATED PARTY DISCLOSURES

At the balance sheet date £2539 was owed by Churchdown Community Centre Social Club, the trading arm of the charity.

CHURCHDOWN COMMUNITY ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 September 2023

INCOME AND ENDOWMENTS Donations and legacies Donations Covenanted Profits from CCASC Grants Membership fees Hall Bookings and Rent Skittle alley Rental income Miscellaneous income Investment income Other fixed asset invest - FII Interest receivable - trading Other income Insurance claim Total incoming resources EXPENDITURE Raising donations and legacies Wages Pensions Hire of plant and machinery Rates and water Insurance Light and heat Telephone Sundries Office administration costs Cleaning and laundry Performing Rights Society Repairs and maintenance Grounds maintenance & rent Travel Premises expenses Improvements to property Plant and machinery Fixtures and fittings depreciation Support costs Management Professional fees Finance Bank charges	2023 £ 1,282 3,188 12,850 299 93,402 1,905 - 9,239 122,165 4,479 180 4,659 40,703 167,527 52,456 1,287 348 3,472 4,530 35,208 1,353 1,910 1,866 4,003 1,894 - 815 - 59,873 1,350 818 7,444 178,627 2,928 1,184	2022 £ 2,521 - 2,317 554 82,543 1,302 14,875 3,826 107,938 (5,833) 11 (5,822) - 102,116 65,573 1,281 - 4,153 3,578 22,545 1,589 2,756 3,269 3,651 53 548 1,208 20 4,310 - 545 7,467 122,546 2,585 718

This page does not form part of the statutory financial statements

CHURCHDOWN COMMUNITY ASSOCIATION

Finance Governance costs Accountancy and legal fees Total resources expended Net expenditure	DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 September 2023	2023 £ 2,077 184,816 (17,289)	2022 £ 2,807 128,656 (26,540)

This page does not form part of the statutory financial statements