2023-12-31-accounts

REGISTERED CHARITY NUMBER: 269461 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE T DECEMBER 2023 FOR OULTON COMMUNITY ASSOCIATION T.A. Knell Tlie Ridiiigs 5 Borrow Road Oulion Broad Lo￿t510ft SulTolk NR32 3PN

OULTON COMMUNITY ASS<KIATION CONTENTS OF THE FINA TA TEMENTS FOR THE YEAR ENDED 3 1ST DEC 20 Page Report of the Trusttts Independent Eiaminerfs Repoff Statement of Financial Activities Statement of Financial Position Noies to the Financial Statements DEtailcd Stalemeni of Financial Activiiies 10

ULTON COMMUNITY ASSOCIATION REPORT OF THE TRL.STEES FOR THE YEAR ENDED 3 1ST DECE,MBER The trusiees preseni their rep(Kt wilh the financial stalemenls of the charity for the year ended 3 Isl December 2023. The trustecs have adoptcd the provisions of Accounting arbd Reporting by Chariiies= Ststement of Recommended Practice ppli¢able lo charities preparing their accounts in accordance with the Financial ReTX)rting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective l Januatv 2019). STRUCTL'RE, GOVERNANCE AND MANAGEMENT Governing docurnent The charity is conlrolled by its governing docuinenl. a deed of trust and constitutes an un1ncor￿raied charity. REFERENCE AND ADMINISTRATIVE DETAILS Regi$tered Charlty number 269461 Principal addrt5S Oulion Community Centre Meadow Road Oulton Low'e5toft Suffolk NR32 3AZ Trustees Mrs J Hinton (resigned 7.5.2023) R Hinton (resigned 7.5.20231 Mts P Robinson Mrs M King K Robin50n (appointed 21.5.2023) E Back (appointed 21.5.202i) T Knighis lappointed 24.2.2024) Independent Ex2miner Thomas Alexander Knell T.A. Knell The Ridiiig5 5 Borrow Road Oulton Broad Lowesloft Suffolk NR32 3PN Approved by order of the board of trustees on l st August 2014 and signed on its behalf by.. K Robins - Trustee Page I

INDEPENDENT EXAMINER'S REPORT TO THF. TRIJSTEES OF OULTON COKIN4LINITY ASSOCIATION Independent exarniner's report lo the tru5tee5 of Oulton Communiti. A%sociation r¢pori lo the Lh<2rii!- triisiees on nil- exaii)iiiaiion of Ihe accoun15 of Ouli()n C(Iminuniiy Association (the Trust) for the year ended 31st December 2023. Responsibtlities and bAsis of report A5 the charity Irusiees of Ihe Tmsi %"ou are responsible for ihe preparntion of the accounts in accordallce ￿1th ilie rcquireiMen15 of the Charities Act ?0 I I I'ihe Aci'i. I report in respect of mv examination of the Tnjst's atcounts carried oui under Seaion 145 of the Act and in carn'ing out n)y examination I have follo￿ed all applicable Direciions given bi. the Charil! Cvmmission under %ection 14i15llbl of the Act. Independent examiner's 5t8tement I have cornpleied m%, e.Yaminaiion. l Confim) ihai niaieriol inatters have comc to MN. attention in connection iviih the examination 8Lving me cause to believe ihai in any maierial respect.. accounting records ￿ere not kept in respect of the Trust as required bj Section 130 of the Act.. or the accounts do not accord wilh those records.. or the accounts do not compl!. with ihe applicable requiremen15 concernin£ the fomi and conteni of a¢collntS Sel oul in the Chariiies IAccounls and Rep)rts) Regulaiions 2008 other than an!. requirement that the accounis ¥iwe a true and fair view. w'hich ts not a mailer considered as part of an Éndependent examinaiion. I hal'e no concems and have come across no oiher motters in connection ii'ith the examinaiion lo ￿thIch attention should be diawn in This report in order lo enable a propcr under5tandinR ofihe accounis to be ￿aChed. I'homa5 Alexartder Knell T.A. Knell The Ridings 5 BotroM Road Oulion Broad Low'esioft SutTolk NR3? 3PN Isl August 2024 Page 2

LTON COMMUliITY AS5(flATION TATEMENfoF FIYANCIAL ACTIVITIES R ENDED 31ST DECEMBER2023 FO 202! Tot21 funds Vnreslricled funds Notes INCOME AND ENDOWMEwfs FROM Donations and legacies 15.085 15,478 Other irading activities 32.594 28.410 Tot41 47.679 43.888 EXPENDITURE or4 Raising funds Raising donations and legacies 47.995 80.815 47,995 80.815 NET INCOMEI{EXPENDITURE) (3101 {36.927} RECONCILIATION OF FUNDS Total funds brought forward 70.647 107.574 TOTAL FUNDS CARRIED FORWARD 70.331 70,647 COIYTIYUING OPERATIOTriS All income and expendiiure has arisen froTn continuing activities. The notes fomi part of ihese financial state￿￿Trts Page 3

LT MMUNITY ASSOCIATION FINANCIAL POSITION 31ST DECEMBER 20?3 UDrestrtcted fiFnds 1022 Total funds Notes FIXED ASSETS Tangible assets 44.659 44,082 CURRENT ASSETS Debtors Cash at bank 3.663 24.949 26,633 28,612 27,835 CREDITORS Amounts falling due within one year 12,940) (1.270} NET CURRENT ASSETS 25.672 26,565 TOTAI. ASSETS LE￿ CURRENT LIABILITIES 70.331 70,647 NET ASSETS 70,331 70.647 FUNDS Unrestricied funds 70.331 70,647 TOTAL FUIYDS 70,331 70.647 The financial 5tatement5 were approved by the Board of Trustee5 arKI authori5ed for issue on 1st August 2024 and were Signed on its behalf by.. K Robinson - Trustee The notes forni part of these financial siatemenrs Page 4

OULTON COMMUNITY AS￿lATIoN OTES TO THE FINAWCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POLICIES BMsi$ of preparing the finan¢ial sfittments The financial siaiements of the charity. which is a public benefit entily under FRS 102. have been prepared i corilance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities.. Siatemenl of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 20191,. Financial Rewrting Standard 10? 'The Financial R¢rrt)rting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial 51ateTncnts have been prepared under the hislDrical cost convention. INcorRe All incorne IS Tecognised in the Siatement of Financral Aclivilies once the charity has entitlement to the funds. it is probable rhat the income will be received and ihe anM)uni tan be measured reliably. Expenditure Liabilities are recognised A5 expenditure as 5(yon as there is a legal or consirudive obligation con)mitiing the charily to that expendirure. ti is probable thai a trdn5fer of econotnsc benefits will be required ill settlement and the amouni of the obligation can be Tneasured reliably. Ex￿ndIt￿re is accounied for on an acc￿alS basis and has en cla55ified under headings that aggregaie all CO￿ relaied to ihe category. Wheie costs cannot be directly ttributed to particular headirtgs they have bttn allijcaied io activiries on a basis consisteni with tlie use of resources. Tangible fixed a5sel$ Depreciation is provided at the following annual Tales in order io write off each asset over iis esiimated useful Fixlures and fittings on reducing balance Taxation The charity is exempi from lax on ils chariiable aclivilic5. Fund arygunling Unr¢strided fvnds can be used in accordance iviih the charitable objectives at ihe discrelion of tlie iru5tee5. Re5tri¢ted funds can only be used for particular restricted purposes within the object5 of the charity. Restrictions arise when specified by the donor or when funds are raised for particular rotricted purposes. Further explanation of the nalure and purpose of vach fund is included in Ihe notes io ihe finailcial slatements. PeN51011 Costs and other post-￿tirement benefits The charity operdte5 a defined Contribution pension scheme. Coniribuiions payable to the charity's pen510 scheme are charged to the Staternent of Financial Activities in the peritrj to which tho relate. OTHER TRADING ACTIVITIES 2022 Rent frorn hire of hall including joining and affiliation fees 32.594 28.410 Page 5 continued...

ULTON COMMUNITY ASSOCIATION NOTE5 TO THE FINANCIAL STATEMENTS- continy FOR THE YEAR EN'DED 31ST DECEMBER 2023 TRU5TEES' REMUNERATiof4 AND BEf4EFJTS There were no trJstee5' remuneration oi other benefits for the year ended 31 si December 2023 nor for the ycar ended 3 1st December 2022. Tru5tee5' expEnSes There were no rrnstees. expenses paid for the year ended 31si tk(¢mber 2023 nor for the year ended 315t December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestiicied funds INCOME AND ENDOWMENTS FROM Donations and legacies 15,478 other trading aciivities 28.410 Total 43,888 EXPENDITURE ON Raising funds Raising donaliorts and legacies 80.81.f 80,815 NET INCOMEI(EXPENDITURE) (36,927) REC0Tr4CILIATION OF FUNDS Total funds brought forw'ard 107,574 TOTAL FUYDS CARRIED FORWARD 70.647 Page 6 continued...

OULTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER ?023 TANGIBLE FIXED ASSETS Fixlures and fittings Long leasehold Totals COST At 1st January 2023 Additions 42.967 1.947 1,000 44,914 1.000 At 3 1st December 2023 42.967 2,947 45.914 DEPRECIATION At I st January 2023 Charge for year 83? 423 832 423 At 315t Decernber 2023 1.255 1.255 NET BOOK VALUE At 31 st December 2023 42.967 1.692 44.659 At 31 st December 2022 42.907 44.082 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Debtors 3.663 1.202 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Taxation and social security 2,765 175 804 466 2,940 1,270 MOVEMENT IN FUNDS Net movement in funds At 31.12.23 Ai l.1_23 Unrestricted funds GENERAL 70.647 (3161 70.331 TOTAL Fuf4DS 70.647 13161 70,331 Page 7 ¢ontinlled...

OULTON COMMUNITY Ass(￿lATIoN NOTES TO THE FINAN"CIAL STATEMEN"'TS- continued FOR THE YEAR ENDED 31ST DECEMBER ?023 MOVEMENT IN FUNDS- eontinutd movement in firnds. included in the above are as follows: Incoming Resources expended Movement in thnd5 Unreytricted funds GENERAL 47,679 {47,995) (316) TOTAL FUNDS 47.679 (47.995} (3161 Comp¥rgtive5 for movemenl in [￿ndS N¢1 movement in funds At 31.12.22 At 1.122 UnrestrT¢ted funds GENERAL 107.574 (36.927) 70.647 TOTAL FiiNDS 107,574 136,927) 70,647 Cornpardiiye net movement in fund5. rncluded in the at*)ve are as follows.. Incoming resource5 Resources expended Moveinent in fvnd5 Unrestrleted funds GENERAL 43,888 (80.815) 136,9271 TOTAL FUNDS 43.888 (80.8151 (36.927) A current year 12 months and prior year 12 months combined position is as follows.. 'et movement in funds Al 31.12.23 Ai 1.1.22 Unrestricted funds GENEFiAL 107.574 (37.243} 70,33 1 TOTAL FUNDS 107.574 137,2431 70.331 Page 8 ontinued...

OULTON COMMUNITY ATION NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR EliDED 31SI DECEMBER 2023 ntinu MOVEMENT IN FLNDS- cothtitsued A current year 12 months and prior year 12 months Combined net rnovemellr in funds. includtd in the above are a5 follows.. Incoming resources Resources expended Moveynent in fund5 Unreslricteil funds GENERAL 91,567 (128,810} (37.2431 TOTAL FUNDS 91.567 (128.810) (37.2431 RELATED PARTY DISCLOSURES There were no related party transactions for ihe year ended 3 1st December ?023. Page 9

OULTON COMMUNITY ASS(KIATIO DETAILED STATEMENT OF FIN NCIAL A TIVITIE FOR THE YEAR ENDED ilST DECEMBER 20?3 ?023 ?0?? INCOME AND Ef4tK)WMEP4TS Donations and legieies Donaiions received Granis receÈved 15.0fj4 15.478 15.085 1 S.478 Other trading activitie5 Rent frorn hire of hall illclvding joinino and a￿lItatIOn fees j?.594 ?8.410 Total incoming resourtes 47.679 EXPENDITURE R4isiDg donations and legacie5 Centre rnanagerfs salaTr' and caretaking Pen510TiS Water and seiverage In5urallce Li2ht I￿at Telepholle and wstsge Printin4. stationery and advertising Sundries Repain and renewals Perforniing Riohts subscrTrprion Clearting marerials Accounianc) Re￿Se colleciion Field mainiemance Pro￿rtY repairs Websiie mainienance Bank char(Tes Funeral donation Mileage Legal ftts Fi¥tures and fittin85 16.600 379 732 1.051 6.i24 578 774 4?9 1.771 177 37) 61$ J.508 100 1.71)4 3.155 355 517 248 1.672 120 809 25Q 70) 47,786 i?0 7? 87 3.?06 4?3 279 47.995 80.815 Total resourtES elpended 47.99.S 80.815 Net expenditure 1316) li6.927} This pa4e d[￿5 fom? pafl ofihe statuwri, financial 5taternents Page 10