REGisfERED CIIARITY NUM8EA.. 267044 Report of the Trust••s and Fln•ndal Statements for the Y•ar Ended 31 Oe¢ember 2024 [re¥ & Dlstrlrt CommtsnltyAsgock•tlon Xeinadin South Wales & West Llmited 701 Sttsnehouse Park Speiry Wav Stonehouse Glouce5tershi GLIO 3UT
Dursley & Distrlct Community Association Contents of the Financial Statements for the Year Ended 31 December 2024 Pa8e •port olthe Trustees I to 2 Independmt Examlner'$ Report Statement of Flnancial Acimtles Balance Sheet Notu io th• Flnanclal Statements 6 to 11 D•talled Statement of Flnandal ArtIvleS 12 to 13
Oursley & Distritt Community Association Report of the Trustees for the Year Ended 31 December 20Z4 The trustees present their report wilh the financial staternents of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounijng and Reporting by Charitie5.' Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with thè Financtal Reporting Standard applicable In ihe UK and Republic of Ireland IFRS 1021 leffective l January 20191. OBJECTIVES AND ACTNMES OblectlVe5 and actlvitles The objectives of ihe association are to provide a Community Centre for the be4)eftt of the inhabitants of Du¥sley and the suiroundlng area. In pursuing it5 objectives. the association has operated the Community Centre lor the benefit of a number of local clubs. and received donations. rent and room hlre Income of £103,126 ltsr Ihe year. The trustees have complied with thelr duty to have due regard to the guldance on public benefit publlshed by the ChailtSes Comrnisslon In furthtring the alms of the charity. FINAhlCIAL REVIEW The reserves of Ihe AssotFatlon were £73,182 at 31 December 2024. The reserves are held in order to fund the futurè activities of the charity. Restricted income funds amounied to £17 ar ihe year end. SYRucfuRE. GOVEANANCE AIID MANAGEMENT Go¥ernlna document The Charlty Is controlled by ils 8overnln8 document, a deed of trust and constltutes an unlntofporated charity. The Charity 15 an incorporated as59ciatlon governed by a constitution adopted on 20 March 1989. The charlty 15 operated by a council consisting of honorary offiters and representativts of user 8roups of the Durslw Communltv Centre. REFERENCÉ AfrIO ADMINISTRATIVE DEfAILS Re8lstered Chartty number 267044 Prlnclpal address Rednock Drtve Dursley Gloucesteishlre GLII 48X Ttustees J Hudson Mr5 J Ball R Davi5 Mrs C I Zoglowek Mrs P Eagle Independent Examiner Xeinadin South Wales & West Limited 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GLIO 3UT Page I
Dur51ey & Dlstrirt Community Assoclatlon Report of the Twstees for the Year Ended 31 December 2024 Approved by order of the board of trustees on 22 August 2025 and signed on its behalf by-. J Hudson- Trustee Page 2
Indèpendent Examinerf$ Report to the Trnstees of OuT51ey & Di5trirt Community Association Independent examiner's report to the trYee5 of Durslry & thrtri¢t Comrnunlty A550datloft I report to ihe charity trustees on my examination of the accounts of Dur51ey & District Community A5SOClation Ithe Trust) for the year ended 31 t)ecember 2024. Responslbilitie5 and b1$ of report As the charity trustees of the Trust you are responsible for the preparation of ihe accounts In accordance wlth the requirements of thè Charities Art 20111.the Act'l. I repprt in respect of my examinaiion ol thè Twst's accounts carrled out under Section 145 of the Art and In carrying out rny examination I have followed all applicable Direction5 gNen by the Charity Commission under Section 145lSllbl of the Act. Independent emaminer's stateme I have cornplered my examinarion. I confimi that no material matters have come io my Httention In connertion with the examination givin8 me tause to believe that in any material respect.. accounting records were not kept in respect of the Trust as rèquired by Sectlon 130 of the Act.. or the accounts do not accord with those records.. or ¢he accounts do not comply with the applicable requirements conterninÉ the form and content of accounts set out in the Charitles (Accounts and Reports) Re8vlatlons 2W8 other than any requirernent that the accounts give a true and lair vlew whlch Is not a matter considwed as part of an Independent examination. I have no concerns and have come across no othei matter5 tn connection with the examinatlon to whlch attentlon should be drawn In thls report in order io enable a proper understandln6 of the accounts to reached. Mr J S Owens- BSC (Honsl FCA Xeinadln South Wales & West Umited 701 Sronehouse Park Sperry Wav Stonehouse Gloucestershlr¢ GL20 3UT 22 Au8USt 2025 Page 3
Dur51ey & Dlstrirt CommunityA5wciatlon Statement of Financial Adivfiies for the Year Ended 31 December 2024 2024 Totsl funds 2023 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENY5 FROM Donations and le8acies 30.941 30.941 24,606 Charitable activitles 71,753 71.753 Investment income Other incorne 33 33 27 Tot•1 31.374 71.753 103.127 33.633 EXPENDITLIAE ON Charltable actbvltles 37.439 77.226 114,665 40,595 NET INCOMEIIEXPE14DITUREI 16,0651 15,4731 111,5381 16,9621 RECONCILIATION OF FUNDS Total funds brou6ht fon¥ard 77.188 5,490 82.678 89.640 TOTAL FUNDS CARRIED FOAWARD 71,IZ3 17 7L140 82,678 The notes form part of these financial statements Pa8e 4
Dursley & District Communlty Assoclation Balance Sheet 31 December 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes FIXED A$5Frs Tangible assets 57.757 17 57.774 56,738 CURRENT ASSET5 Debtors Cash ai bank 1,399 19.6S? 1.399 19,657 3.364 35.707 21.056 21A156 39,071 CREOITORS Amounts fallln8 due wfjthln one year 17.6901 17.6901 113,1311 NETCURREMfASSETS 13.366 13.366 25.940 TOTAL ASSETS LESS CURRENT UA8ILmES 71.123 17 71.140 82,678 NASSET5 71.123 17 71,140 82,678 FUNDS Unrestrlcted fvnds Restritted funds 71,123 17 77,188 5,490 TOTAL FUNDS 71.140 82,678 The financial statements were approved by the Board of Trustees and authorlsed ftsrlssue on 22 Au8USt 2025 and were slgned on Its behalf by.. Hudson- TiusteÈ The notes form part of these financial statements Page 5
Dursley & Distrirt Community Association Notes to the Finan¢lal Statements for the Year Ended 31 December 2024 ACCOLINTING POLICIES 8asis of preparing the fjnancial statements The financial staternenrs of thè charity. which is a public benefit entiiy under FRS 102. have been prepared in accordance with the Chafilies SORP IFRS 1021 'Accounting and Reportln8 by Charities.. Statement of Recornmended PrattTrce applicable to charStie5 preparing their accounts *n accordance with the Financial Reporting Standaid applicable In the LIK and Republic ol Iieland IFRS 1021 leffettive l January 20191,. Financial Reportln8 Standard 102'The Financial Reporiin8 Standard applicable in the UK and Republic of Ireland. ancl the Charities Act 2011. The financial 5taiemènts have been prepared under the historical cost tonventlon. Income All income 15 Tecognlsed In the siatement of Flnancial ActlvStles once the charity has entitlement to the funds, it is probable that the Intome wtll be received and the amount can be measured reliably. Empendlture Llabilities are reco8nf5ed as expenditure as soon 35 there is a le8al or constructive obll8ation commltting the charity to thai expenditure, it is probable ihat a transfer OF etonomic benefits will be iequired In settlement and the arnount of the obligation can bè rneasured reliably. Expenditure Trs accounted for on an accruals ba515 and has been classified under headin85 that ag8re8aie all cosi related to the tategory. Where cost5 cannot be dlrecrly attributed to partitular headin8S they have been allocated to Klivities on a basis conslstÈnt wlth the use of resources. Tan¥ble flxed assets Oepreciaiion Is provlded at the followSn8 annual rates order to write olf each asset over Its estlmated useful Freehold property Plant and machinery Computer equipment Land-nil. Buildin8s-2% reductnÉ balan. 25% on ieducin8 balance 33% on cosi Taxatlon The charity Is exempt Irom tax on Its charitable activitles. Fund a¢counii Unrèstrirted funds can be used accordan wlih ihe tharitable objectives at the dtseretion of ihe trustees. Restricted funds can onty be used for particular re51rlcted purposes wrthin the objects of the charity. Restrictions arise when specified by ihe donor or when fvnds are raised for partithlar restricted purpose5. Fufther explanation of the natuie and purpose of each fund is induded in the notes to the financSal statements. Grants and dtsnztlons Grants and donations are only included in the SOFA when the general income recognition criteria are met. The grant receNed from Gloucester County Council towards rool repairs is bein8 amortised at 2% per annum on the reducin8 balance method. This policy is consistent with the depreciation policy for the buildings and ensures that the grant is recognised in the siatement of Finanual Activities so as to rnatch a8ainst the depreciation char8ed each year on the roof repairs. Page 6 continued...
Dursley & Oistrirt Community Assodation Notes to the Financial Statement5- continued for the Year Ended 31 December 2024 INVESTMENT INCOME 2024 2023 Oeposit account interest 33 27 TRUSTEES, REMUNERATION AfrID BENEFITS There were no tVU5tees' remuneration or other benefits for the year ended 31 December 2024 nor lor the year ended 31 December 2023. Truste•$' empenses There were no tru5tees' expense5 patd for the year ended 31 Dectsel 2024 nor for the year ended 31 December 2023. STAFF COSTS 2024 2023 Wages and salaries Z9,046 21.3S9 29.046 21,359 The average monthfy number ofemploytr5 durln8 ihe year was as follow5.. 2024 2023 Adminlstration Social Club No employee5 recelved tmoluments in excess of £60,0(M). COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfMTIES Unrestricted Restricted fund fund Total funds INCOME AND ENIXIWMENTS FROM Donarions and le8aoes 24,606 24.606 Charitable acti¥iiles Charitble activiries Intment income 27 27 Total 31.633 33.633 EXPENDITURE ON Charitable actNlties Chariible activities 35.177 5,418 40,595 Page 7 continued..
Dursley & District Community Assoclation Notes to the Financial Statements- contlnued for the Year Ended 31 December 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIALACTwmE5- continued Unrestritted Restricted fund fund Total funds NEf INCOMEIIEXPENDITUREI 13.5441 13,4181 16.9621 RECONCILIATION OF FUNDS Total funds brought forward 80.732 8.908 89.640 TOTAL FUNDS CARRIED FORWARD 77,188 5,490 82,678 TANGI8LÉ FIXÉD ASSETS Freehold pioperty Plant and machinery Computer equipment Tota15 cosr At l January 2024 Additions 135305 46,799 3.115 657 182,661 3.115 At 310ecembw 2024 135,205 49.914 657 185,776 DEPRECIATION At l January 2024 Char8e for year 7986 1.107 45,381 972 656 125,923 1,079 At 31 OKember 2024 46.353 656 128.002 NET BOOK VALUE At 31 December 2024 54.212 3,561 57,774 At 31 Detember 2023 55.319 1.418 56,738 Pa8e 8 continued...
Dursley & Distrkt Community Associatlon Notes to the Financlal Statements- continued for the Year Ended 31 December 2024 DE8TORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Oiher debtor5 Prepayments 2,043 1,321 1.399 1.399 3,364 CREDITORS.. AMOUNTS FALUNG DiIE wrfHIN ONE VÉAR 2024 2023 Trade creditors Taxation and social seoJrSty Other creditors 104 14031 7,989 84 918 12.129 7.690 13,131 MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unre5trkted funds General fund 77.188 16.0651 71,123 Restrlcted funds Restricted 5,490 15.4731 17 TOTAL FUNDS 82.678 111,5381 71.140 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted tund5 General lund 31.374 137,4391 16,0651 Restrlcted funds Restricred 71,753 177.2ZS1 15M731 TOTAL FUNDS lQ3,127 1114.6651 111.5381 Page 9 continued...
Dursley & Distrirt Community Assoclation Notes to the Flnoncial Statements- contlnued for the Year Ended 310ecÈmbeT 2024 MOVEMENT IN FUNDS- contlnued Cornparatl¥es for movement In funds Net movement in funds At 31.12.23 At 1.1.23 unlerIcted funds General fund 80.732 13,5441 77,188 Restrlcted funds Restricted 13.4181 5,490 TOTAL FUN05 89.640 16,9621 82,678 Comparativè rtel rnovemeni In funds. included in the above are as follows= Incoming resource5 Resources expended Movement in funds Unrestrlcted funds General fund 31,633 135.1771 13.5441 Rèstrkted funds Restrl£ted IS.4181 13,4181 TOTALSUNDS 33,633 140,5951 16.9621 A current year 12 month5 and prior year 12 monihs combined posltlon is a5 follows". Net movernent in fund5 At 31.12.24 At 1.1.23 Unreslrlded funds General fund 80.732 19,6091 71,123 Restrkted funds Restricted 8,908 18.8911 17 TOTAL FUNDS 89.640 118.5001 71,140 Page 10 continued...
Dursley & Dsstrirt Community Association Notes to the Financial Statements- continued for the Year Ended 31 December 2024 MOVEMENT IN FUNDS- ¢ontlnuod A current year 12 months and prior year 12 months combined net movernent in funds. included in the abtsve are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 63,fy)7 172,6161 19.6091 Ae5trlrt•d funds Aesiricted 73.753 182.6441 18,8911 TOTAL FUNDS 136.760 IIS5.2601 118,5001 io. RELATED PARTY DISCLOSURES Dursley and 0i5trirt CommunSty Assodation renis the club and bar area to Oursley and District Community Assoclatlon Social Club Llmlted. The rental ¢har8e to the sotial club loi ihe year was E3,60012023 £3,600). The Soclal Club uses siaff who are employees of the Communlty Association. The soclal club relmbursèd the Community •slatIOn E15.161 12023 ." £12,847) for the use of staff durin8 the year. At the year end the Community Assoclatlon owed the Soclal Club £2.198 12023 ..1£6.16311. Page 11
Dursley & Distrl¢t Community A5%>ciation Detalled Statement of Finan¢ial Activities for the Year Ended 31 December 2024 2024 2023 INCOME AND Ef4DOWMENTS Donatlons and tega¢Ses Don3110nS Subscriptions Room hire Amortisation of grant 20.411 171 10,271 16.938 S3 7,525 90 30.941 24,606 Investment In¢om• Dep051t account interest 33 27 Charltabl• a¢tSvitl Grants 71.755 Other Income Gain on salè of tan8ible flxed assets Total In¢omln8 resour05 103,127 33.633 EXPENDITURE Charltable a¢tfvlil•s Wages Rates and water Insurance Llght and heat Telephone Repairs and renewals Cleaning Freehold propertv Planr and machinery 29,046 426 1,799 2,457 763 75.599 826 1.106 971 21,359 856 1,655 2,929 655 9.457 836 1,129 197 112.993 39.073 Support Costs Flnance Bank char8e5 299 Governanct $t5 Auditors, remuneration lor non audit work 1.223 This page does not form part of the statutory financial statements Page 12
Dursley & Distrkt Community Association Detailed Statement of Flnancial Artwities for the Year Ended 31 December 2024 2024 2023 Total re59urces expended 114.665 40,595 Net empendlture 111.5381 16,9621 Thi5 page does not form part of the Statutory finan¢Fal statements Page 13