REGISTERED CHARITY NUMBER: 00265222
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Jackmans Community Association
George Hay Partnership LLP Chartered Accountants Unit 1B Focus 4 Fourth Avenue Letchworth Hertfordshire SG6 2TU
Jackmans Community Association
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
Jackmans Community Association
Report of the Trustees for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Jackmans Community Association exists to provide a venue for the local community and it's surrounding areas to facilitate a happy place for families and children to go.
Significant activities
This year has been particularly difficult due to the cost-of-living crisis which has impacted on the community centre as a whole. We have worked hard on implementing new ideas and pushing membership.
We have a large Facebook following which helps keep the community up to date on what is going on.
We are currently undertaking a steam clean and decoration of the cafe and therefore at present this facility is closed, however once reopened it will be of benefit to the community as a whole.
We will also be looking to purchase some new fridges for the kitchen together with new tables and fittings to ensure that the centre is an attractive and comfortable place to come.
The garden is also experiencing an overhaul with the provision of new children's play equipment.
We are also looking closely into cost-saving opportunities for example sourcing cleaning materials from a new supplier which should provide us with significant reduction in costs.
We have held multiple events including:
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Children's Christmas Party
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Family Fun Days
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Easter Celebration
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Community Barbecues
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Halloween party
Our events prove popular with the community who turn out and use the Jackmans Community Centre.
We are also working closely with Settle Housing to improve the Jackmans Estate with ideas such as a Pantry to provide food for low income families together with the provision of hall hire for clubs and outreach meetings.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning future activities. It currently has 325 members from all over Letchworth and the surrounding areas and provides a social environment particularly for families and the elderly to encourage social interaction and integration.
FINANCIAL REVIEW
Reserves policy
The charity's funds are presently held on general investment (or unrestricted basis) and can be spent on day to day costs and set up expenses for all charitable projects within the objects.
Page 1
Jackmans Community Association
Report of the Trustees for the Year Ended 31 March 2024
FUTURE PLANS
The committee is working hard and is committed to improving the centre and the business for the use of the whole community. Our membership has grown and we have a lot of first time members this period. We plan to continue to maintain and invest in the building both in the upkeep and the appearance. We will continue to try and plan activities that involve the estate and community as a whole. During the current financial climate when people are struggling to meet the costs of day to day life, we will need to pull out all the stops and try to keep the cost low for the members and people to come to enjoy all that we offer.
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 00265222
Principal address
Ivel Court Letchworth Hertfordshire SG6 2NL
Trustees
Mrs M Roberts Treasurer (resigned 8.10.23) Ms M Garrett (resigned 8.10.23) S Wilkinson Executive Committee Ms T Burton Chairperson (resigned 28.4.24) A Murray (resigned 8.10.23) A Denny (resigned 8.10.23) G T Gray Ms M Boxall (appointed 8.10.23) (resigned 31.1.24) Ms C Smith (appointed 8.10.23) (resigned 24.5.24) Ms R McCoy (appointed 8.10.23) (resigned 24.5.24) D Green (appointed 8.10.23) (resigned 15.1.24) Ms R Hunter (appointed 8.10.23) (resigned 2.11.23) D Collingbourne (appointed 8.10.23) Ms M Fraser (appointed 8.10.23)
Independent Examiner
R C Dilley FCA George Hay Partnership LLP Chartered Accountants Unit 1B Focus 4 Fourth Avenue Letchworth Hertfordshire SG6 2TU
Approved by order of the board of trustees on 7 July 2024 and signed on its behalf by:
G T Gray - Trustee
Page 2
Independent Examiner's Report to the Trustees of Jackmans Community Association
Independent examiner's report to the trustees of Jackmans Community Association
I report to the charity trustees on my examination of the accounts of Jackmans Community Association (the Trust) for the year ended 31 March 2024.
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
R C Dilley FCA
George Hay Partnership LLP Chartered Accountants Unit 1B Focus 4 Fourth Avenue Letchworth Hertfordshire SG6 2TU
13 January 2025
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Jackmans Community Association
Statement of Financial Activities for the Year Ended 31 March 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 12,793 Other trading activities 2 78,259 Total 91,052 EXPENDITURE ON Raising funds 23,667 Charitable activities Running Costs 88,742 Total 112,409 NET INCOME/(EXPENDITURE) (21,357) RECONCILIATION OF FUNDS Total funds brought forward 117,594 TOTAL FUNDS CARRIED FORWARD 96,237 |
2023 Total funds £ 9,917 68,631 78,548 63,380 70,938 134,318 (55,770) 173,364 117,594 |
|---|---|
The notes form part of these financial statements
Page 4
Jackmans Community Association
Balance Sheet 31 March 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 59,190 CURRENT ASSETS Stocks 6 300 Debtors 7 16,185 Cash at bank and in hand 20,823 37,308 CREDITORS Amounts falling due within one year 8 (261) NET CURRENT ASSETS 37,047 TOTAL ASSETS LESS CURRENT LIABILITIES 96,237 NET ASSETS 96,237 FUNDS 9 Unrestricted funds 96,237 TOTAL FUNDS 96,237 |
2023 Total funds £ 74,912 300 17,422 27,817 45,539 (2,857) 42,682 117,594 117,594 117,594 117,594 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 7 July 2024 and were signed on its behalf by:
G T Gray - Trustee
D Collingbourne - Trustee
The notes form part of these financial statements
Page 5
Jackmans Community Association
Notes to the Financial Statements for the Year Ended 31 March 2024
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.
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.
Improvements to property - 10% on cost Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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continued...
Jackmans Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
2. OTHER TRADING ACTIVITIES
| Bingo & Raffle Confectionery Private Hire BBQ & Fun Days Cafe Takings Miscellaneous Income Rent Received from Vennskap |
2024 £ 514 223 48,459 1,313 12,328 342 15,080 78,259 |
2023 £ 476 3 35,751 813 16,466 42 15,080 |
|---|---|---|
| 68,631 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 9,917 |
| Other trading activities | 68,631 |
| Total | 78,548 |
| EXPENDITURE ON | |
| Raising funds | 63,380 |
| Charitable activities | |
| Running Costs | 70,938 |
| Total | 134,318 |
| NET INCOME/(EXPENDITURE) | (55,770) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 173,364 |
| TOTAL FUNDS CARRIED FORWARD | 117,594 |
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continued...
Jackmans Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 5. TANGIBLE FIXED ASSETS Improvements to Plant and property machinery £ £ COST At 1 April 2023 155,829 20,245 Additions - 3,432 At 31 March 2024 155,829 23,677 DEPRECIATION At 1 April 2023 94,457 14,919 Charge for year 15,584 1,516 At 31 March 2024 110,041 16,435 NET BOOK VALUE At 31 March 2024 45,788 7,242 At 31 March 2023 61,372 5,326 6. STOCKS Stocks 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 9. MOVEMENT IN FUNDS At 1.4.23 £ Unrestricted funds General fund 117,594 TOTAL FUNDS 117,594 |
||
|---|---|---|
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continued...
Jackmans Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 91,052 91,052 |
Resources Movement expended in funds £ £ (112,409) (21,357) (112,409) (21,357) |
|---|---|---|
Comparatives for movement in funds
| At 1.4.22 £ Unrestricted funds General fund 173,364 TOTAL FUNDS 173,364 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 78,548 TOTAL FUNDS 78,548 |
Net movement At in funds 31.3.23 £ £ (55,770) 117,594 (55,770) 117,594 Resources Movement expended in funds £ £ (134,318) (55,770) (134,318) (55,770) |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.22 £ 173,364 173,364 |
Net movement in funds £ (77,127) (77,127) |
At 31.3.24 £ 96,237 |
|---|---|---|---|
| 96,237 |
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continued...
Jackmans Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
9. MOVEMENT IN FUNDS - continued
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 £ 169,600 169,600 |
Resources Movement expended in funds £ £ (246,727) (77,127) (246,727) (77,127) |
|---|---|---|
10. RELATED PARTY DISCLOSURES
The charity has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions.
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Jackmans Community Association
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| INCOME AND ENDOWMENTS Donations and legacies Grants Memberships Pool Income Door money Christmas and New Year Other trading activities Bingo & Raffle Confectionery Private Hire BBQ & Fun Days Cafe Takings Miscellaneous Income Rent Received from Vennskap Total incoming resources EXPENDITURE Other trading activities Opening stock Cafe Purchases Cafe Wages Bad debts Closing stock Charitable activities Wages Rates and water Insurance Light and heat Event Expenses Post/Stationery/Phone Sundries Repairs & Renewals Property Expenses Improvements to property Plant and machinery Fixtures and fittings |
2024 £ 5,450 2,509 3,925 359 550 12,793 514 223 48,459 1,313 12,328 342 15,080 78,259 91,052 300 6,972 12,494 4,201 (300) 23,667 21,141 7,160 1,263 12,255 3,876 936 3,996 3,614 6,649 15,584 1,516 2,053 80,043 |
2023 £ 620 3,058 4,774 360 1,105 9,917 476 3 35,751 813 16,466 42 15,080 68,631 78,548 - 8,848 18,363 36,469 (300) 63,380 17,120 5,694 - 17,139 1,739 112 2,422 4,522 400 15,583 1,776 1,488 67,995 |
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This page does not form part of the statutory financial statements
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Jackmans Community Association
| Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Support costs Management Bank Charges Governance costs Legal fees (Croner) Accountancy Total resources expended Net expenditure |
2024 £ 114 7,485 1,100 8,585 112,409 (21,357) |
2023 £ 277 1,616 1,050 2,666 134,318 (55,770) |
|---|---|---|
This page does not form part of the statutory financial statements
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