Charlty rÈgistratSon numb•r 266092 (England and Wales) THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs D Cypher MrT Browne Mrs L R Thomas MrA Wrighling Mrs L Rodenhursl Mrs E Cullins Mrs S Drew (Appointed 11 April 20241 (Appointed 11 April 20241 Charity number (EnBland and Wale5) 266092 Princlpal addr•s$ The Community Centre North Road The Reddings Chellenham Gloucesl@rshir8 GL516RF Independent examlner BK Plus Limited 6 Manor Park Business Centre Mackenzie Way Chellenham Gloucestershire England GL519TX
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities statement of financial position Notes lo the financial statements 7-12
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial slalemenls for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial slalemenls and comply with the charity's governing document, the Charities Act 2011, FRS 102 The Financial Reporting Standard applicable in th8 UK and Republic ol Ireland 2nd the Charities SORP "Accounting and Reporting by Charities., Slalemenl Df Recommended Pra¢li¢e applicable lo charities preparing their accounts in accordance with the Fin8nci81 Rèporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Objectlves and actlvltles Objectives and aims The objects of the charity are lo provide a community resource principally for the people of The Reddings and ot the immediate surrounding district bul no reslriclions are placed on a wid&r domographic user base lo promote a greater availability 2nd variety of aelivilies for the people the centre is there to benelil. The charity aims lo achieve these objecllves by understanding the needs ol the local community and by maintaining the facilities that il hes at ils disposal lo the highest standards possible. Slgnlflcant actlvltlas Funds are raised primarily through hire of the community centre either in whole or in part as suits any particular activity. Principally costs are associated with keeping the facility op8ralional with th8 majority of the costs being those of Ulililies and maintaining the centr& lo an acceptabl? standard. The Association promotes the centre lo allracl new residents lo the area and maintain interest in existing aclivilie8. 11 also organises events throughout the year although a small income slream is derived from this activity ils prime object is lo promote the centre 8nd those activities available, Public ben•fit In planning the ¢harity'8 aclivilios for the year the trustees kept in rnind the Charity Commission's guidance on public benefit. The focus of the charity's activities during the year, which explains the delivery by the ch?rily of public benefit, is set out below under'achievement and perform8nce'. A¢hi•v•m•nt$ •nd parforman¢• Charltable actlvltles 2024 has been a year of significant change for the R&DCA committee with Paul Barnes, Vice ChairlHonorary Secretary and manager of the community cenlre. resigning his role after over 35 years. Paul played a key role in the building of the Current centre and ensured ils continued success despite challenges such as the recent Covid P8ndemic. Debbie Cypher, another Iruslee representing the playgroup, also resigned this year. Al the AGM, Adrian Wrighting was confirmed as Chair and two new Iruslees - Emma Collins and Lyndsay Rodenhursl, who had beèn volunteers for th& committee over the previous 12 months- were also confirmed. Lyridsay Rodenhursl has replaced Paul as Secretary, and the committee appointed 2 paid caretaker lo fulfil Paul's day-lo-day centre management role. Despite these changes, the centre has continued to operate smoothly. allowing us lo meet our eharily objeelives ol providing A facility for the benefit of the local community. Bookings for hire of th6 two halls remain consislenlly high, providing a suslaineol income stream for the centra. Many hobby and special interest groups have regular bookings and these are listed on the community centre website algng with conlacl details for local r6sidenls lo see. The centre continues lo serve a range of different demographics in thè community with a daily Playgroup and Brownies and Rainbows groups foT younger generations. and an over 6Q>s meet up and day club for those with care needs for the older generation. The end ol year accoun15 show a good heaSlhy 5urplu8. d&spile an increase in running costs due 19 inflation. The centre is now 25 y&ars old and due to the expected wear-and-tear over this lime, the maintenance requirements are increasing. This year, several of thg fence panels were damaged during high winds and had lo be replaced. 11 has also been agreed that the floor of the hall requires refinishing which w8 will look lo do in 2025. Whilst there are some reserves on which the committee can draw, we w¢ll also look for allernalive sources ol funding lo help with these costs, such as local governmenl grants.
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievement5 and porform8n¢e - contlnue A new housing development on land opposite the centre has received planning permission, and there may be other polènlial developmenlg on the land surrounding the centre which will follow. These developmenls and expansion of the local community wlll present risks and opportunities lo the centre and we have started lo engage with the local councilltsr and pl8nnlng office on these. Events delivered by the committee this year included the table lop sale in June and the annu81 horlicuSlural show & fete at the end of August. The latter continues lo be well-allended and popular with local residents and this year raised over £600 for the cenlre. Other events have allracled very low numbers so a tteclsion was taken by the committee to pause future events - with the &xceplion of the horticultural show - until we are able lo find more volunteers 10 5UPPOrt community engagement activities_ Flnancial review Financial position 2024 h8s seen a strong rlemand for the hall fiom both regular users and private hire, mainly for children's parties al the weekends. Overall, our financial slalemenls are rèporting income this year of £40.973.97 against expenditure of £60,168.51 re5ulling in nel loss of £19,194.54. However, there have been a number of one-off costs for large planned expenditure on items like the sola¥ panèls which are reflected in our 2024 financial year accounts. Invostment policy and objectlves Due ID raising of interest rates. the Iruslees considèr that bank deposits will, in the short to medium term, provide a risk free salislaclory return for the charily. Rgserves pollcy The Trustees aim to maintain reserves in unreslricled funds al a level that equates lo a minimum ol six months ol unreslricled charitable expenditure. The Trustees consider that this level will provide sufficient funds lo cover fixed and governance costs. The remaining rtrserves have been sel aside for future sliuclural and development work al Ihe cenlre. Al the end of the year, our unreslricled reserves were al a level appropriate lo provide this cover and contribute towards our fuliiTe development plans. Futuro plans Tho trustees will be monitoring hall hire charges lo ensure income and 8xpèndilure remain al appropriate levels. Structurei governance and mana9•mgnt Governlng Documenl The Reddings and District CommunityAssocialion was formed on 3 July 1968 and is governed by ils conslilulion. Recruitment and appointment ol new trustees Membership ol the Board of Trustees is open to any member of the community by proposal at the Annual Genera1 Meeting. Traditionally the Board comprises people using the community centre for a specific 8Ctivity, who have been encouraged lo broaden their interest lo include the running of the cenlre. As with any organisallon, members display a wide range of skills due either lo occupation or aplilude, and the Trustees recognise such skills in individuals 8nd support them. This is particularly relevant lo fundraising, event organisation, accounts and adminislralion. Organlsatlonal structure The AsBocialiDn is a registered charity Iregislralion number 2660921 and is run by # Board of Trustees, which meets monthly. Rlsk management The Trustees actively review the major risks which th8 ch8rily faces on a regular ba515 and believe that maintaining reserves at current levels, combined with an annual review of the controls over key finsnci81 systems, will provide sufficient resources in the event of conditions b6coming adverse. The Trustees have also examined other operational and business risks faced by the charily and confi'rm that systems have been established lo miligale any significant risks.
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR EIVDED 31 DECEMBER 2024 statem•nt of Tru¥tee's responslbllltles The Iiusleps are responsible for preparing the Ttuslees. Report and the finan(xal statements in aecordance with applicable law and United Kingdorn Accounting Siandards Iuniled Kingdom Generally Accepl¢d A¢counling Pracllce}. The law applicable to ¢harilies in England and Walos requires the Iruslees to prepare finat)clal gtsl8rnenls for each financS&l year which give a Iwe and fair vi6w ol the state of affairs of the charity and of the incomSng res¢)ur¢g8 and appli¢atlDn ol r&sourc85 of th8 charity for that yèar. In preparlng thes& Inandal statements, the trustees aro required to.. select suitablè accounting policies and then apply them ¢onsislently-. observe the methods and princlples the Charities SORP., make judgements and 85timates that are reasonable and PFudenl'. slate whelher applicable aceounling standards have be6n followed, subject lo any matÈri81 departures disclosed and explalned In thè finanal statements,. and pr8pare the financial stalements on IhF going concern basis nsSI1 Is Inappropriate to Presume Ihal Ihe charfty will continue In opgr3110n. Th8 trustees are responsible for k8oplng adequate accounlng r8eords th2t disdose wlh reasonable accuracy al any lime the financial PDSltion of the charity and enable them to ensure that the financlal statements cDmply with thg Compani88 Act 2008. They arè also responsible for safeguarding the assets of the charity and h8ncé for t8kln Ioasonablg steps for the PvenI1n 8nd deteellon of fraud and olher irregularities, ees rt was approved by th8 Board ol Trusiees. MrT Trus Dale..
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION I report to th8 trustees on my examination of the fin8ncial slalemenls of The Reddings and District Community Association (the charilyl for the year ended 31 December 2024. Responslbllltles and basls of r¢port As the Irusloes of the Charity you are re8ponsibl& for the preparation of the financial slalemenls in accordance with the requirements of the Charities Act 2011. I report in respect of my examin81ion of the charity's financial slalÉmenls carried OLJI under section 145 of the Charities Act 2011. In Carrying out my examinaliDn I have followed the Directions given by the Charity Commission under secliDn 14515llbl ol the Charities Act 2011. Independent examiner's stat•ment Your allenlion Is drawn lo the fact that the charity h8s prepared the financlal slalemenls In accordance with the relevanl version of the Slalemenl of Recommended Practice applicable lo chaiilies preparing their financial slalemenls in accordance with the Financial Fieporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Aecounling and Reporting by Chari11ès." Slalemenl of Recommended PTaclice issued Dn 1 April 2005 which is referred lo in the exlanl re9ulallon5 bul has now been withdrawn. l understand that this ha8 been done in order for the financial statements lo providè a true and fair view in accordance with UK Generally Accepted Accounting Practice. I have ¢ompleled my examination. I confirm that no matters have come lo my attention in Connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kèpl in respèct of the charity as required by section 130 of the Charities Act 2011. the financial 51alemenls do not accord with those records., or the linanclal slalemenls do not comply with the 8ppIic8ble requirements concerning the form and content of financial statements sel out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement Ihal the financial slalemenls give a true and fair view, which is not a maller CDnsidered as part of an independent examination. I have no concerns and have come across no other matters in connection with thè examination lo which attention should be drawn in this report in order lo enable a proper und8r51anding of the financial slalemenls lo be reached. R F Downes FCA BK Plu5 Llmlted 6 Manor Park Business Centre Mackenzie Way Chellenham Glouceslershlre GL51 QTX England Dale..
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Vnrostrlcted Endowment Total Unregtrlcted Endowment Total funds funds funds funds 2024 2024 2024 2023 2023 2023 Notes lll¢omo from: Hall Hire Other trading aclivilies Investments 37,105 1,833 2,093 37,105 1,833 2,093 36,051 1,676 1,432 36,051 1,676 1,432 Total Income 41,031 41,031 39,159 39.159 Expenditur• on: Hall Hire 53,522 6.646 60,168 38,314 6,646 44,960 Total •xpondituro 53,522 6,646 60,168 38,314 6.646 44,960 Net expendlture and movement In funds (12,4911 16,6461 (19,1371 845 16,646) 15,8011 Reconcillation of funds: Fund balances al 1 January 2024 165,039 172,741 337,780 164,194 179,387 343,581 Fund balances at 31 December 2024 152,548 16S,095 318,643 165,039 172,741 337,780 The statement of linanGial activities includes all gains and losses recDgnised in the year. All income and expendllure derive from continuing aclivili@s.
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL POSITION AS Af310ECEMBER 2024 2024 2023 Notos Flxed a99•t8 Tangible 06sels 166,160 172.813 Current asgèts Debtors Cash at bank and In hand 10 1.153 153.492 8,494 158,507 154,645 167,001 Creditors: amounts falllng duo wlthln one y#ar 12.1621 12,0341 Net curront assets 152,483 164,967 Total assèts less eurrent liabilitles 318,643 337.780 Thè funds of th• charlty Endowment funds Unrèslri¢led funds 12 13 166,095 152,548 172,741 165,039 318,643 337.780 The al statements waro 8PPToved by thg trustees r)n .17.-..4L...-A.f ' MrT Trus rowne
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies 1.1 A¢¢ountlny conventlon The financial slalemenls have b8en prepared in acwrdance with the charity's governing documgnl, tho Charities Act 2011, FRS 102 "The FinanGial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP "Ac¢ounling and Réporting by Charitses.. Statement of Recommended Practice applicable lo charitie5 preparing their accounts in accordance with the Financia1 Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021" The charity is a Public Benefit Enlily as L*fined by FRS 102. The financi81 slalemenls have departed from the Charities (Accounts and Reports) RegLJlations 2008 only lo the exlenl required lo provide a true and lair view. This departure has involved following the Slalem8nl ol Recommended Practice for charities applying FRS 102 rather than the version of Ihp Slalemenl of Recommended PraBlice which is referred lo in the Regulations bul which has since been withdrawn. Tha financial slalements are prepared in slerfing, which is the functional currency of the charity. Monetary amounts in these financial slalem8nls are rounded lo the nearest £. The financial slalemenls have been prepared under th& historical cost convention. Imodified lo include the revaluation of freehold prDperties and lo include inveslmenl properties and certain financial instruments al fair valuel. The principal accounting policies adopted are sel out below, 1.2 Going ¢on¢orn Al the lime ol approving the financial slalemenls, the Iruslees have a reasonable expedation that the charity has adequate resour9 lo continue in op&ralional existence for the for8seeable future. Thus the Iruslees ¢onlinu8 lo adopt the going concern basis of accounting in preparing the financial stolemenls. 1.3 Charitable lunds Unrestricted funds are available for use al th& discretion of th8 Iruslees in furtherance of their charitable objectives. Restricted ftjnds are subject to specsfic conditions by donors or granlDrs as lo how they May be used. The purposes and ijses of the restricted funds are sel out in the notes lo the financial slalement5. Endowm8nl funds are subject to specific conditions by donors that the capital musl be mainlainecf by the Gharily. 1.4 Income All income is recognised in the Slalemenl of Financial A¢livtlies once the charity has enlittemenl lo the funds. il is probable IhBI the income will be received and the amount can be measured reliably, 1.5 Expendlturo Liabilities are recognised as expenditure as soon as there is a legal or conslruct1ve obliga11on commilling the charity to that expenditure, il is probable that a transfer of economic benefits will bè required in selllemènl and the aillount of the obligation can be me3sured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly allribuled to particular headings they havg been allocated to activities on a basis consislenl with the use of resouices. Grants offered subject lo conditions which have not been mel at the year end dale are nDled as a commitment but not accrued as expenditure.
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 34 DECEMBER 2024 Aceountlng policies (Continuèd) 1.6 Tangible fix*d ass•t$ Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, nel ol depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of 8ssets18SS their residual values over their useful lives on the following ba5es'. Freehold land and buildings Fixtures and fillings 20k on cost 100A on reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds 8nd the cairying value DI the asset, and is recognised in the slalemenl of financial activities. Income from ch•ritabS9 •¢tlvltles Unre5tri¢ted funds Unrestrlct8d funds 2023 2024 Hall hire Grants 36,865 240 33,447 2,604 37.105 36.051 Income from other trading activitles UnrBstrlcted Unrgytrlcted lunds lunds 2024 2023 Fundralsing ovenls 1,833 1,676 Income from Investments Unr85trlct8d Unrestrlcted funds fund8 2024 2023 Interest Teceivable 2,093 1,432
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charitable activities Total 2024 Total 2023 Direct costs Depreci21ion Miscellaneous expenses Website & computer Costs R21es gnd water Insurance Light and heal Cleaning rllalerials Repairs and maintenance ArlministraliDn costs Garden maintenance Bank charges 1,976 2,255 1,432 2,185 11,778 4,702 24,667 476 2,190 436 1,645 3,305 1,568 1,917 11,537 6,255 8,950 802 309 52.104 36,090 Share of support and governance costs (see note 6 Governance 1.418 2,224 53,522 38,314 Analy51s by fund Unreslricled funds 53,522 38,314 Support costs allocated to activiti•s 2024 2023 Govemance costs 1,418 2.224 Analysed belweeni Accountancy 1,418 2.224 Truslees None of the ITuslees {or any persons connected wtlh them) re¢eived any remuneration or benefits from the charity during the year. TaxatSon The charity is exempl from lax81ion on ils activities because all ils income is applied for charitable purposes.
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Tan9lbl• flxod assets Freehold Flxtur83 and land and flttlng8 bulldlngs Total Cost Al 1 January 2024 332,300 23,136 355,436 Al 31 December 2024 332.300 23,1 355.436 Depreciation and impairrnent Al 1 January 2024 Depreciation charged in tho year 159,559 6,846 23,064 182,623 6,653 Al 31 December 2024 166,205 23,071 189,276 Carrying amount At 31 December 2024 166,f195 65 1 S6,160 Al 31 December 2023 172,741 72 172.813 Since 2019, all capital expènditure has been wrillen off in the year il was incurrèd. 10 D•btOf5 2024 2023 Amounts falllng dyo wlthln on• yoar: Trade debtors Prepaymènts and gcerued income 7.463 1.031 1,153 1.153 8,494 11 Cr¢ditor5: amounts falling due wlthln one year 2024 2023 Trade creditors Accruals and deferred income 371 1,791 639 1,395 2,162 2,034 10-
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR EIVDED 31 DECEMBER 2024 12 Endowmant funds Endowment funds represent assets which musl be held permanenlly by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unreslricled income. Any capital gains or losses arising on the assets form part ol the fund. At l Resources At31 January expend•d December 2024 2024 Perman•nt •ndowmonts 172,741 16,6461 166,095 Prevlous year: At 1 Rosour¢•s At31 January expended December 2023 2023 Permanent èndowmènts 179.387 16,6461 172,741 13 Unr•6tri¢ted lunds The unrestricted lunds of the charity cornprise the unexpended balances of donations and grants thich are not subject lo specific conditions by donors and grantors as to how they may be used. These include designale(f funds which have been s81 asid8 out of unreslricled funds by the Iruslees for specific PLtrposes. Atl January 2024 Incominy Resources At31 resources exp•ndod Dec•mb&r 2024 Genèral funds 165,039 41,031 153,5221 152,548 Pr•vlous yaar: At1 January 2023 Incoming Resources At31 re50urce5 expended December 2023 General funds 164,194 39,159 138,3141 165,039 14 Relatod party transactions There were no disclos8ble rÈlaled party transactions during the ye8r12023 - none).
THE REDDINGS AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EAIDED 31 DECEMBER 2024 15 Funds of th• Charity Permanent Endowment funds represent grants made towards the building of the Community Cenlre, which were made on the basis that they are held as peimanenl endowment, the income from which is freely available lo fund the activities Df the charity. The balance carried forward represen15 the nel book valuts ol land and buildings. with depreciation having been charged against the balance In the funé. The majority of funding lo rebuild Ihe Community Centre was provided from community gain conlrlbutions from the developers of three local housing developments. These developers were Taywood Homes, Crest Homes and Weslbury Homes. There were no conditions allached lo these conlribuliDns other than for spocilic use lo rebuild the community cenlre. Apart from the Reddings and District Community Association's own conlribulion, the remaining balance ul funding wa5 obtainèd from the National Charities Lottery Board, which was granted in 1999. The Lollery grant W89 awarded after the Objeclg and Aims of the charity were accepted as meeting the criteria for funding. Some or all of Ihe Lollery funding may become repayable if the charity does not continue to meet the eondilions of the Lottery awsrd. At the balance sheet dale, Ihe Trustees are of the opinion that the Lottery grant conditions Continue lo be mel, and that no liability lo repaytnenl arises. 12-