GLADSTONE DISTRICT COMMUNITY ASSOCIATION Trustees Report and Accounts For the year ended 31st March 2024 Charity number 268326
GLADSTONE DISTRI COMMUNITY ASSOCIATION Contents Reference and Administrative information Trustees Report Independent Examiners report Statement of Financial Activlties Balance Sheet Notes to the Accounts io
GLADSTONE DISTRICT COMMUNITY ASSOCIATION Reference and Administrative infomiation Charity registration number 268326 Management Trustees A Shabir Ichairl Dr M Nawaz (Vice Chairl Appointed Il, March 2024 K Igho Isecretaryl R Mugweru (Treasurer) Resigned December 2023 l Khan (Treasurer elect) Appointed Il, March 2024 J Khan F Mousavi AGhosh Holding Trustee M Afzal M Jamil M Yousaf Chief Executive Officer M Choudhary Principal Address Gladstone House 316- 318 Gladstone Street Peterborough PE2 2BX Independent Examiner MRay AAC Accountants Ltd Rycroft School Road Broughton Cambridgeshi PE28 3AT Bankers Co-operative Bank plc Relation Account Support service team P.O.Box 250 Skelmersdale WN8 6WT
GLADSTONE DISTRICT COMMUNITY ASSOCIATION Trustees Report For the year ended 31" March 2024 The Trustees present their report and the independently examined financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities" IFRS 1021 in preparing the annual report and financial statements of the charlty. The financial statements have been prepared in accordance with the accounting policies Set out in notes to the accounts and comply with the charivs governing document, the Charities Art 2011 and Accounting and Reporting by Charities: Statement of Recommended Practlce applicable to charitles preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities / Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 Juty 2014 las amended by Update Bulletin I published on 2 February 20161. Structurej iovernance and management The charity Is governed by a constitution adopted 14th May 1974 and amended 6th June 1975, 29th June 1989, 26th June 1990 and 14th july 2013. The management trustee5 who served during the year were: A Shabir Dr M Nawaz K Igho R Mugweru l Khan J Khan F Mousavi A Ghosh In addition to the management trustees, the following persons Seed as a holding trustees= M Afzal M Jamil M Yousaf None of the Trustees has any beneficial interest in the charity. The Trustees are responsible for the recruitment and appointment of the Trustees 8oard. The Trustees delegate the day to day management of the charity to GLADCA manaEement.
GLADSTONE DISTRICT COMMUNITY ASSOCIATION Trustees Report continued Forthe year ended 315t March 2024 Objectlves of the charity The objertives of the charfty are to promote the social welfare of the inhabitants of the Gladstone District and any individual working and living within the administrative area of Peterborough City Council, or living outside that administrative area but wishing to avail himself or herself of the benefit of or to access the Services offered by GLADC Artivities. Achievements and Performan¢e of the year under review Gladca has been a cornerstone of the Peterborough community arbd its surrounding areas for over 50 years, offering a diverse range of essential services. One of our primary focuse5 is on education, particularly through our sucte55ful partnership with Inspire Education Group, which enables u5 to provide accredited courses. In addition to our educational initiatives, this year we have expanded our health and wellbeing services, thanks to funding from PCVS and CCF. We have organized 'Healthy You" sessions, yoga classes, healthy cooking workshops, and health awareness coffee mornings to 5UPPOrt the community's overall well-being. Our commitment to a5515tin8 the community extends to imrnigration services, funded by the Home Office and private clients. These senrices have been consistently available throughout the year, ensuring that those in need receive the 5UPPOrt they require. We have also supported the homeless with housing applications, helping them secure stable accommodations. The Work and Wellbeing programme supports vulnerable/minority 8roup5 With English language skills, digital literacy, and access to health, welfare, and educational seNices, transforming the lives of migrants, refugees, and asylum seekers. Public benefit ststement The trustees ¢onfirm they have met their obligations relating to public benefit, as detalled above in "Activities, Achievements and Performance of the year under revie,. Financial review for the year In the year to 31" Marth 2024 there was a surplu5 of £18,148. We are extremely grateful to all of the organlsations that have supported our work during 23124 and the surplus for the year will be invested into services in 24125 to enable them to continue. At the end of the year the reserves stood at £215,465. Reserves policy The trustees, aim is that the reserves of the charity represent at least 3 months operating costs.
GLADSTONE DISTRicf COMMUNifi ASSOCIATION Trustee5 Report continued For the year ended 31" Marth 2024 Plans for the future (Including prin¢ipal rfsks. uncertalnties, and development and plans) For the financial year 2024125, our Charity plan focuse5 on three key objectives= increasing student numbers in our educational courses. expanding our immigration services, and enhancing our Community service work. We aim to develop new courses, improve existing ones, and leverage online platforms to attract rn0 students. Our immigration services will be broadened with additional staff and more comprehensive consultations to meet growing needs. Community engaEem@nt will be strengthened through new programs and partnerships addressing health, wellbeing, and youth activities. Despite the challenges posed by economic uncertainties and rising costs in the post-pandemic era, the trustees remain optimistic. They believe the new Charitable Incorporated Organisation ICIOI strkjcture will grant access to larger funding opportunities essential for our expansion plans, although securing these grants may be more competitive. Additionally. we plan to expand our seNices to Include housing and welfare support, COgnIZIng the increasing demand for assistance in these areas. The trustees have produced accounts on a going concern basis, reflecting their confidence in our charity's continued operation. Through strategic initiatives and careful financial management, we are committed to making a meaningful impact and improving the lives of those we serve. Disclosure of information to the Independent Examlners We, the trustees of the charity who held office at the date of approval of these Financial Statements a5 set out above each confirm, so far as we are aware, that: there is no relevant information of which the independent examiners are unaware,. and we have taken all the steps that we ought to have taken as trustees in order to make ourselves aware of any relevant information and to establish that the independent examiners are aware of that information. Signed on behalf of the board of Trustees on 26 June 2024 Trustee
GLADSTONE DISTRICT COMMUNITY ASSOCIATION Independent Examlners report To the member5 of Gladstone Dlstrict Community Association. For the year ended 31%t March 2024 I report on the accounts of the Association for the year ended 31st March 2024 which are set out on pages 8 to 18. Respetti¥e responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit Is not required for this year under se10n 144 of the Charities Act 2011 Ithe Actl and that an independent examination is needed. It is my responsibility to.. l. examine the accounts under section 145 of the Act 2. to follow the procedures laid down in the general directions given by the commission under seclion14515llbl of the Act. 3. to stzte whether particular matters have come to my attentior). Basis of examiner'5 rei)ort My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanatlon from you as trusteès concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present 'true and fair view, and the report is limited to those matters set out in the next Statement. Independent examiner's statement In connection with my exzmination, no matter has come to my attention- l. which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the Act and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met. or 2. to which, in my opinion, attention should be drawn in order to enable a proper Ljnderstanding of the accounts to be reached. Mark Ray, FFA/ FIPA. AAC Accountants Ltd, Rycroft, School Road, Broughton, Huntingdon, PE28 3AT Date: 26thJune 2024
GLADSTONE DISTRicf COMMUNITY ASSOCIATION Statement of Financlal Activitles For the year ended 31. March 2024 Incoming Resources Note Unrestricted 1£ Restricted 1£) Total (£1 Prior Year (£1 Income from Charitable Activities Investments Total 319,644 319,644 290,665 319,644 319,644 290,665 Resources Expended Expenditure o Raising Funds Charitable Activities Total 3,675 297,821 301,496 3,675 297,821 301.496 2,532 278,958 281,490 Net income {expendlture 16 18,148 18,148 9,175 Transfer between fund5 16 Net movement in funds 16 18.148 18,148 9,175 Reconciliation of funds Brought forward Carried forward 16 16 197,317 215,465 197,317 215,465 188,142 188,142
GLADSTONE DISTRicf COMMUNITY ASSOCIATION Balance Sheet For the year ended 31" March 2024 Note Unrestricted (£1 Restricted 1£) Total (£1 Flxed a55ets Tangible assets Prior Year (£1 li 67,650 67,650 70.160 Current assets Debtors Cash in hand and at bank 12 16,000 150,912 166,912 16,0( 150,912 166,912 20,097 123.743 143,840 Creditors fallire due in one vear 13 19,097 19,097 16,683 Net current assets 147,815 147,815 127,157 Creditors falllng due over one year 14 Total net assets 215,465 215,465 197,317 Totsl funds 16 215,465 215.465 197,317 The trustees acknowledge their responsibilities for complying with the requirements of the Charitie5 Act with respect to accounting records and the preparation of accounts. These financial statements were approved and authoriseé for issue by the board on 26 June 2024 Signed on behalf of the trustees S[ (Trusteel The notes on pages 10 to 18 form part of these financial statements.
GLADSTONE DISTRICT COMIVIUNITY ASSOCIATION Notes to the accounts Forthe year ended 318t March 2024 l. Summary of 51gnificant accounting polkles Basis ol accountlng These accounts have been prepared on a going concern basis under historical cost convention with item5 recognlsed at Cost or transaction values unless otherwise stated. They have been prepared in accordance with the Statement of Recommended Practice-. Accounting and Reporting by charities. They have been presented in sterling, which is the funttional currency of the charity. The significant accounting policies are set out below and they have been applied consistently to both years. b. Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restrirted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. There are no designated funds or endowment funds. Income recognltion Incoming resources are included ir) the Statement of Financial Activities when the ¢harity is legally entitled to the income: after performance criteria have been met; that it is more likefy than not that the income will be received,. and the monetary value can be reliably measured. There ha5 been no offsetting; no donations of any type were reIVed.. no government grants were received; and no l@gacies were received. The value of seNices provlded by volunteers has not been incorporated into these financial statements. Investment income is only interest on bank accounts io
GLADSTONE DISTRICT COMMUNITY A550CIATION Notes to the accounts continued For the year ended 31st March 2024 d. Expendliure recognition All expenditure is accounted for on an accrua15 basis and has been classified under headings that aggregate all Costs related to the category. Expenditure is recognised where there is a l@gal or constructive obligatlon to make payments to third parties. it IS probable that the settlement will be required and the amount of the obligation can be measured lIablY. Irrecoverable VAT is charged as an expense against the activity for whith expenditure arose. No grants are payable to third parties. e. Support costs Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, administrative and payroll costs. They are it)curred directly in support of expenditure on the objects of the charity. Where Support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with amount of income. f. Governance costs Governance c05t5 comprise all costs involving publlc accountability of the charity and it5 compliance with regulation and good practice. g. Costs of ralsing funds The cost of raising funds includes all expenditure incurred by the charlty to raise fund5 for it5 charitable purposes. h. Tanglble flxed assets Tangible fixed assets are ststed at cost or valuation less accumulated depreciation. Depreciation is provided on all tangible assets, except freehold property, at rate5 calculated to write off the cost, less estimated residual value, over it5 expected useful life as follows: Equipment, computers, fixtLtres and flttings - between 20Yo and 50% per annum on a straight-line basis. li
GLADSTONE DISTRicf COMMUNITY ASSOCIATION Notes to the accounts continued Forthe year ended 31st March 2024 Cash at bank Cash at bank is highly liquid funds with access such that commitments can be met as they fall due. Debtors and creditors receivable and payable withln one year Debtors and creditors with no stated interest rate and receivable or payable wlthin one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. k. Leases There are no finance leases. Rentals payable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. Pensions The charity operates a defined contribution plan for the benefit of its employees. Contribution5 are expensed as they become payable. Tax The charity is exempt from taxation. Judgements and key sources of estlmation uncertainty No material judgements have been made in the process of applying the above accounting policies that have significant effect on amounts recognised in the financlal Statements. or that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 12
GLADSTONE DISTRicf COMMUNITY ASSOCIATION Notes tothe accounts continued For the year ended 31$t March 2024 2. Analysis of income Note i Unrestricted (£1 Restricted 1£) Total (£1 Prior Year 1£) Charitable Activities: Training & @ducation Immigration Community Support Room Hire Support Cost5 Total 246,G34 48,210 17,000 7.800 246,634 48,210 17,000 7,800 185,510 52,086 39,401 5,400 8,268 290,665 319,644 319,644 Note Unrestricted (£1 Restricted (£1 Total 1£) Prior Year 1£ Investments Bank deposit interest Total Total 319,644 319.644 290,665 3, Analysis of expenditure Note Unrestricted (£1 Restricted (£1 Total l£} Prior Year 1£) Raising funds Consultants Total 3.675 3,675 3,675 3,675 2,532 2,532 Note Unrestricted 1£) Restricted (£1 Total (£1 Prior Year [£1 Charitable activities: Training & edvcation Immigration Community Support Support Costs Total 215.388 70,286 12,148 215,388 70,286 12,148 169,859 59,490 40,740 8,868 278,958 297,821 297,821 Totsl 301,496 301,496 281,490 13
GLADSTONE DISTRICT COMMUNITY ASSOCIATION Notes to the accounts continued st For the year ended 31 March 2024 Further analysis of expenditu on charitable activities Note Training / Education 96,750 Community Support 3,360 Support Costs 94,003 Last year 222,385 Immigration 44,122 Total 238,235 Salaryand on costs Non salary service provision costs General Administratlon Property Governance Support Costs reallocated Total 7,732 426 1,143 9.301 18.769 4,059 37,454 41,513 30,031 7,032 1,740 1140,2291 7,032 1,740 6,333 1,440 110.906 21.679 7,645 215388 70,286 12,148 297,821 278,958 4. Allocation of Support Costs Support costs have been allocated to the unrestrlcted activities based on income. 5. Governance Costs These are the cost of the Independent Examination per note 6 6. Independent Examiners costs This year 1,740 2,289 4,029 Last year 1,440 2,177 3,617 Independent Examination Other services Totsl Pa to Independent Examlner 7. Trustees, and key management personnel remuneration and expenses The total amount of employee benefits received by key management personnel was £19,189 12023 £19,366) The trustees neither received nor waived any remuneration durlng the year. The trustees were not reimbursed any expense5. 14
GLADSTONE DISTRicf COMMUNITY ASSOCIATION Notes to the accounts contlnued For the year ended 31X March 2024 8. Staff costs and employee benefits This year 223,018 9.508 5,709 238,235 Last year 208,470 8,586 5,329 222,385 Salarie5 and wages Employers National Insurance costs Pension costs Totsl staff costs No employee in either year received any other benefits No employee received total employee benefits (excluding employer perbsion costs) for the reporting period of more than £60,(K)O. 9. Average headcount This year Last Year 14 The average monthly number of employee5 during the year Was '. 15 10. Pension The charity operates a defined contribution pension scheme for its employees. The amount recognised as an expense in the year is recorded in note 8. The defined pension contribution liability at the year end is allocated to unrestricted funds. 15
GLADSTONE DISTRicf COMMUNITY ASSOCIATION Notes to the accounts continued For the year ended 31st March 2024 11. Tangible fixed assets Freehold buildings Fixtures and equipment Total Cost or valuation At I. April 2023 Additions Disposa15 At 31. March 2024 82,500 67,807 150,307 82,500 67,807 150.307 Depreciation At I, April 2023 Charge for the year On disposals At 31" March 2024 14,850 65,298 2,510 80,148 2,510 14,850 67,808 82,658 ' Net book value At 31" March 2024 At 31" March 2023 67,650 67,650 67,650 70,160 2,510 The freehold property, which 15 316 Gladstone Street, is stated at cost, which includes its purchase In 1999 and subsequent 31terations. 318 Gladstone Street is leased from Peterborough City Councll. 12. Debtors due within one year This year Last year Trade debtors Accrued income for grants Prepayments GLADCA Servlces Total 11,208 1,234 3,558 16,000 18.862 1,235 20,097 16
GLADSTONE DISTRICT COMMUNITY ASSOCIATION Notes to the accounts contlnued 5t For the year ended 31 March 2024 13. Creditors falling due wlthln one year This year 2,797 5,185 11,115 19.097 Last year 2,655 5.121 8.907 16,683 Trade and other creditors Payroll costs Accruals and deferr@d income Total 14. Creditors falling due in more than one year None 15. Leases Finance le8ses- none b. Operating leases Total future minimum lease payments under non cancellable operatlng lease5 are as follows.. This year 21,120 21.120 Last year 3,462 3.462 For office photocopier- between two and five year5 Total 318 Gladstone Street is leased for a peppercorn rent. 17
GLADSTONE DISTRicf COMMUNITY ASSOCIATION Notes to the accounts continued For the year ended 31" March 2024 16. Fund reconciliation Balance at 31. March 2023 197.317 Balance at 31" March 2024 215,465 Gains/ Ilossesl 18,148 Income Expenditure 1301,4961 Transfers Unrestricted 319,644 Restricted Total Funds 197,317 319.644 {301,496) 18.148 215A65 17. Fund descriptions Unrestricted Funds- these are general funds b. Restricted Funds- there were no funds that the Trustees considered to be restricted. 18. Related party tran5attions Mr Choudhary, the Chief Executive, is a dirertor of Sahara Community Care Services Ltd. This year 7,800 Last year 5,400 Sales to Sahara Community Care Services 18