REGISTERED CHARITY NUMBER: 267044 Report of the Trustees and Flnancial Statements for the Year Ended 31 December 2023 Dursley & Dlstri¢t Community Associatlon GCSD Accountant5 Limited 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GLIO 3UT
Dursley & District Community Association Contents of the Flnancial Statemerfs for the Year Ended 31 December 2023 Page Report of the Trustees Independent Examiner'5 Report Statement of Financial Artivities Balance Sheet Note5 to the Flnan¢lal Statement5 6 to 13 Detailed Ststement of Financial Artivities 14 to 15
Dursley & Oi5trict Community Assoriatigrt Report of the Trustees for the Year Ended 310ecember 2023 The trustees present their report with the financial slalements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their atCOLJnt5 in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJEcfivES AND ACTIVITIES Objectives and activities The objectives of the a550ciation are to provide a Communlty Centre for the benefit of the Inhabitants of Dursley and the surrounding area. In pursuing its objectives, the a5SOClation has operated the Community Centre for the benefit of a number of local clubs, and received donations, rent and room hire 5ncome of E33,633 for the year. The trustees have complied with their duty to have due regard to the guidance on publit benefit published by the Charlties Commission in furthering the aim5 of the charity. FINANCIAL REVIEW The reserves of the Association were £82,678 at 31 December 2023. The reserves are held in order t¢ fund the future activities of the charity. Restricted Sncome fund5 amounted to £5,490 at the year end. STRUCTURE. GOVERNANCE AND MANAGEMENT GovernTrn8 document The charity 15 controlled by its governing document, a deed of trust and const*tutes an unincorporated charity. The Charlty is an incorporated asso¢lation governed by a constitution adopted on 20 March 1989. The charity is operated by a council consisting of honorary officers and representatives of user groups of the Dursley Community Centre. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 267044 Prlnclpal addres5 Rednock Drive Dursley Gloucestershlre GLII 48X Page I
Dursley & Oistrict Community Association Report of the Trustees for the Year Ended 31 December 2023 Trustees J Hudson Mrs J Ball R Davis Mrs C L Zoglowek Mrs P Eagle Independent Examiner GCSD Accountants Limited 701 Stonehou5e Park Sperryway Stonehouse Gloucestershire GLIO 3UT Approved by order of the board of trustees on and signed on its behalf bv.. . l.Hudson - Trustee Page 2
Independent Examiner's Report to the Trustees of Dursley & District Cammunlty Association Independent examiner's report to the trustees of Dursley & Distriit Community Assoclatlon I report to the charity trustees on my examination of the accounts of Dursley & District Comrnunity Association Ithe Trust) for the year ended 31 December 2023. Responslbllltles and basls of report As the charity trustees of the Trust ytru are responsible for the preparation of the accounts in accordance with the requlrements of the Charities Act 20111'the Act'l. 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 Dlrettions given by the Charity Commission under Section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material rnatter5 have come to my attention in connection with the examination giving me cause to believe that in any material re5pect- accounting records were not kept in respect of the Trust as required by Section 130 of the Att,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concernin8 the form and content of ¢counts set out in the Charitie5 (Accounts and Reports1 Regulations 2008 other than any requirement that the accounts give a true ènd 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 thi5 report in order to enable a proper understanding of the account5 to be reached. Mr G S Hollywell- FMAAT FCCA GCSD Accountants Limited 701 Stonehouse Park Sperry Wav Stonehouse Gloucestershire GLIO 3UT Date.. l)_.., I Page 3
Dursley & District Community Association Statement of Financial Activltles for the Year Ended 31 December 2023 2023 Total fund5 2022 Total funds Unrestricted *und Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 24,606 24.606 26,053 Charitable activlties Charitble activitie5 7.000 9.000 16,11)0 Investment income 27 27 Total 31,633 33,633 42,159 EXPENDITURE ON Charitable activitles Charitble activities 35.177 5,418 40.595 28,820 NET INCOME/{EXPENDITUREI 13,544) 13,4181 16,9621 13,339 RECONCILIATION OF FUNDS Total funds brought forward 80,732 8,908 89,640 76,301 TOTAL FUNDS CARRIED FORWARD 77,188 5.490 82,678 89,640 The note5 form part of these financial slatement5 Page 4
Dursley & Distrirt Community Assoclatlon Balance Sheet 31 Detember 2023 2023 Total funds 2022 Total funds Unrestrirted fund Restricted fund Notes FIXED ASSETS Tangible as5et5 56.719 19 56.738 58,064 CURRENT A55ETS Debtors Cash at bank 3.364 30.236 3.364 35,707 3,289 42,381 5,471 33.600 5,471 39.071 45,670 CREDITORS Amounts falling due within one year 113,1311 113,1311 114,0941 NETCURRENT ASSETS 20,469 5,471 25.940 31.576 TOTAL ASSETS LESS CURRENT LIABILITIES 77.188 5,490 82,678 89,640 NET ASSETS 77,188 5.490 82.678 89,640 FUNDS Unrestricted funds Restricted fund5 77,188 5.490 80,732 8,908 TOTAL FUNDS 82.678 89,640 The flnancial Statements were approved by the Board of Trustees and authori5ed for issue on and were signed on its behalf bv.. 7fudson-Trustee The notes form part of these flnancial statements Page 5
Dursley & Distrirt Community Association Notes to the Financial Statements for the Year Ended 31 Decembèr 2023 ACCOUNTING POLICIES Basis of preparlng the financlal statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities 50RP IFRS 1021 'Actounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in actordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland. and the Charities Act 2011. The flnancial statement5 have been prepared under the historScal cost convention. Income All income is recognised in the Statement of Financial Activities once the chèrity 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 tonstructive obligation committing the charity to that expenditure, it is probable that a transfer of economit benefits will be qUired in settlèment and the amount of the obligation can be measured Teliably. Expenditure Is accounted for on an accruals basis and ha5 been classified under headings that aggregate all ¢ost related to the Category. Where costs cannot be directly attributed to particular headings they have been allo¢ated tr) 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. Freehold property Plant and machinery Computer equipment Land-nil. Buildings-2% reducing balance. 25% on reducing balance 33% on cost Taxation The charity is exempt from tax on its charitable activities. Fund a¢counting Unrestricted funds can be used In accordance with the charitable objectives at the discretion of the trustee5. Restricted funds can only be used for particu13r restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Page 6 continued...
Dur51ey & District Communlty Association Note5 to the Financial Statements- contlnued for the Year Ended 31 December 2023 ACCOUNTING POLICIES- continued Fund account5ng Further explanation of the nèture and purpose of each fund is included in the notes to the financial statements. Grants and donation5 Grant5 and donations are only included in the SOFA when the general income recognition criteria are met. The grant received from Gloucester County Council towards roof repairs is being amortised at 2% per annurn on the reducing balance method. This policy is con51StÈnt with the depreciation policy for the buildings and ensures that the grant is recognlsed in the Statement of Flnancial Actlvities so as to match against the depreciation charged each year on the roof repairs. INVESTMENT INCOME 2023 2022 Deposit account interest 27 TRU5TEES' REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustee5' expenses There were no trustees. expenses paid for the year ended 31 Detember 2023 nor for the year ended 31 December 2022. Page 7 continued...
Dur51ey & District Community Associatlon Notes to the Financial Statements- continued for the Year Ended 31 December 2023 STAFF cosrs 2023 2022 Wages and salaries 21,359 18,088 21,359 18,088 The average monthly number of employees during the year was as follow5.. 2023 2022 Administration Social Club No employees received emoluments in excess of E60,000. COMPARATIVES FOR THE STAT£MENT OF FINANCIAL A1VITIEs Unrestricted fund Restricted fund Total funds INCOME AND ENtJOWMENTS FROM Donations and legacies 26.053 26,053 Charitable artlvlties Charitble activities 7,000 9,100 16.100 Investment income Total 33,059 9.IlXI 42,159 EXPENDITURE ON Charitable attlvStles Charitble activities 28,604 216 28,820 NET INCOME 4,455 8.884 13,339 Page 8 continued...
Dursley & Distrlrt Community Association Notes to the Financial Statements- continued for the Year Ended 31 Detember 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued Unrestricted fund Restricted fund Total funds RECONCILIATION OF FVNOS Total funds brought forward 76.277 24 76,301 TOTAL FUND5 CARRIED FORWARD 80,732 8,908 89,640 TANGIBLE FIXED A55ETS Freehold propertv Plant and machinery Computer equipment Totals COST At l January 2023 and 31 December 2023 135.205 46.799 657 182,661 DEPRECIATION At l January 2023 Charge for year 78,757 1.129 45.184 197 656 124,597 1,326 At 31 December 2023 79.886 45,381 656 125,923 NET BOOK VALUE At 31 December 2023 55.319 1.418 56,738 At 31 December 2022 56,448 1,615 58,064 Page 9 continued...
Dursley & Distrlct Communlty Assodatlon Notes to the Flnancial Statements- continued for the Year Ended 31 December 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2OZ3 2022 Other debtors Prepayment5 2,043 1.246 1,321 3,364 3,289 CREDITORS.. AMOUNT5 FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Taxation and social security Other creditors 84 918 12,129 78 13,176 13,131 14,094 MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unrestrlrted funds General fund 80,732 13.5441 77.188 Restricted funds Restricted 8,908 13.4181 5.490 TOTAL FUNDS 89,640 16,9621 82.678 Page 10 continued...
Dursley & Dlstrlrt Community Assoclation Notes to the Flnanclal Statements- continued for the Year Ended 31 Detember 2023 MOVEMENT IN FUNDS-continued Net movement in fund5, included in the above are as follows.. Incoming resources Resources expended Movement In funds Unrestrlcted funds General fund 31.633 135.1771 13.5441 Restricted funds Restricted 2,000 15,4181 13,418) TOTAL FUND5 33.633 140,595} 16,9621 Comparatives for movement in funds Net movement in fund5 At 31.12.22 At 1.1.22 Unrestrlcted lunds General fvnd 76,277 4,455 80.732 Restrlrted funds Restricted 24 8,884 8,908 TOTAL FUNDS 76,301 13,339 89.640 Page 11 continued...
Dursley & District Community A550clatlon Notes to the Financial Statements- continued for the Year Endèd 31 DecembeT 2023 MOVEMENT IN FUNDS- ¢ontlnued Comparative net movement in fund5, includèd in the above are as follows.. Intoming resources Resources expended Movement in funds Unrestrirted funds General fund 33,059 128,6041 4,455 Restrirted funds Restricted 9,11)0 12161 8,884 TOTAL FUNDS 42,159 128,8201 13,339 A current year 12 month5 and prior year 12 months combined position is as follows: Net movÈment in funds At 31.12.23 At 1.1.22 Unrestrlcted funds General fund 76,277 911 77,188 Restricted funds Restricted 24 5,466 5,490 TOTAL FUNDS 76,301 6,377 82,678 Page 12 continued..
Dursley & Dlstrict Community As$o¢iation Notes to the Finan¢lal Statements- contlnued for the Year Ended 31 December 2023 MOVEMENT IN FUNDS- continued A current year 12 month5 and prior year 12 months combined net movement in funds, Included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 64,692 163,7811 911 Restricted funds Restricted ii,ioo 15,6341 5,466 TOTAL FUNOS 75,792 169.4151 6,377 io. RELATED PARTY DISCLOSURES Dursley and District Community A550ciation rents the club and bar area to Jur51ey and District Community Association Social Club Limited. The rental charge to the social club for the year was £3,600 12022 £3,600). The Social Club uses staff who are employees of the Community Association. The social club relmbursed the Community As50Clation £12.847 12022 . £8,953) for the use of staff during the year. The Social Club made a contribution to the Community A550ciation of £nil in 202312022.. £5,000) to go towards running costs. At the year end the Community Association owed the Social Club £6,163 12021 1£6,61211. Page 13
Dursley & Distrirt Community Asso¢latlon Oetailed Statement of Financlal Actlvlties for the Year Ended 31 December 2023 2023 2022 INCOME AND ENDOWMENTS Donations and legacies Donations Subscriptions Room hire Amortisation of grant 16,938 53 7,525 19,652 114 6,195 92 24,606 26,053 Investment income Deposit account interest 27 Charltable attivitles Grants 16.100 Total incoming rewurces 33.633 42,159 EXPENOITURE Charitable activitles Wage5 Rate5 and water Insurance Light and heat Telephone Repair5 and renewals Cleaning Freehold property Plant and machinery 21.359 856 1.655 2.929 655 9.457 836 1.129 197 18.088 961 1,503 1.464 611 2,488 932 1,152 133 39,073 27,332 Support costs This page does not form part of the statutory financial statements Page 14
Dursley & District Communlty A550ciation Detailed Statement of Financial Artivitie5 for the Year Ended 31 December 2023 2023 2022 Support ¢0St5 Financè Bank charges 299 332 Governance costs Auditors, remuneration for non audit work 1,223 1,156 Total res¢)urce5 expended 40,595 28,820 Net lexpendlturellin¢ome 16,9621 13,339 This page does not form part of the statutory financial statements Page 15