REf¥lSTERED CHARITY NUMBER: 269461
KEI'ORT OF THE TRUSTEES AND
NAUDITED FINANCIAL STATEMCNTS foR THE YEAR ENDED 31ST DECEMBER 2024
FOR
OULTON COMfvIUNITY ASSOCIATION
T.A. Knell
The Ridings
5 Boffoii. Road
Oultoji Broad
L(Trive510fl
Suffolk
NR3:. 3PN

OULTON CONIMUNITY ASSOCIATION
CONTENTS OF THE FIliANCIAL STATEMENTS
ND
TDE
EMBER 2024
PagE
Report of the Trustees
Independen( Examiners Rewrt
Statement of Fiiiancial Activities
Statement of Financial Position
Noles 10 Ilie Financial Siaiemenis
Detailed Siatemenl of Finan¢ial Aciiwiiies
10

OUL TON COMMUNITY ASSOCIA TION
REPORT OF THE TRUSTEES
RTHEY
The trustees present their report with Ihe rtnancial 51atefftents of ihe chaiitv for Ihe vear ended 315t December 20?4. Tlie
Irusiees have adopted ihe provisions of Ac¢ouniiiig and Reponing bv Chariiies.. Staiement of R¢¢omin¢nded Praclice
applicable to charities preparing iheir accounts in accordance wÉih the Financial Re￿)rtIng Siandard applicable iii the
UK and Republic of Ireland IFRS IQ21 leffeclive l Januan":. 0191.
STRucfuRE, GOVERNANCE AND MANAGEMENT
Governing docvmenl
The charirv is conirolled by it5 g(Trverning document. a deed of Tnist and conslitule.s an Iinincorporated cliarity.
REFERENCE AND ADMIiYISTRATIVE DETAII
Registered Charity number
269461
Prinf ipal iddre55
Oulion Conijniinity Centre
Meadow Road
Oulton
Lowestoft
SLiffolk
NR32 3AZ
Trustees
Mrs P Robinson
Mrs M King
K Robinson
E Back
T Kiiiglit5 (appointed 24.2.20?41
D Bron)le)" {aptK)inied i.8.20241
Mrs J Illiiigsw(irth lappoinied 23.8.202.$1
Independent Examintr
Tlioiiias Alexander Knell
T.A. Knell
The Riding5
5 Borrow Road
Oiilton Broad
Lowestoft
Suffolk
NR32 3PN
Approved by order of the board olirusiees on 3 Isl (ktober 2025 and sigrked on it5 behalf by=
K Robinson - Trustee
Page I

INDEPENDENT EXAMIYER'S REPORT TO TIIE TRUSTEES OF
OULTON COIllMUNITY ASSOCIATION
INdepe￿￿ent examrner's report to the Irustees of Oullon Cfrmmunit!. Association
I report to the charity tTllStee5 on mv e.¥atniiiation of the accounts of Oulton Cornmuiiity Aswiation (the Trusii for the
year elided 31 sl December 2024.
Re5pon5Lbilities Bnd ba515 of report
As the charity irusiees of Ihe Trust you arr re5Wllsible for thc preparation uf the accounis iii accordance iviili Ili¢
requireinents ofthe Charities Act 2011 I'ihe Acl'}.
I report in respec¢ of my examinaiion ofthe TTUSt's actounis Ca￿led oul ￿nde1 Seclion 14% of the Act and in caTr}'ing out
my examinarion I have followed all appli¢3bl¢ Dire(tion5 given b), the Cliarity CoiMIMission under Seciion 145{SXbl of
the Act.
Independent ¢X8niiiitr's stalemenl
I have coinpleied my examination. I confiTllI tliat no iTraterial matters have COTne to my atteniion in connection witli Ili¢
examination giving me cause to believe ihal in any maierial respeci..
accDunlLiig records ￿tre nol kept in re5pccI olihe I'tusl as required by Seciiori 1.70 of the A¢l- or
the <1CCOllnts do not accord i¥'iili those rwords.. or
tli¢ acrounts do not complv wirh Ihe applicable requireinents conceming the forni an(1 ronteiTrl ofaccoiinls sei oui
in the Cliarities (Accounts and Report5} Regulations ?008 other any requireineni rhai the accoiinis give
true and fair view which is not a matitr coiisÉdered as part of an independent examination.
I have no concerns and hawe come across no oihcr maiieTS in conneciion wilh Ihe exaimiiiation lo whicli atlention shoiild
be drydwn in this report in order to enable a proptr undersianding of the accouiils to be re3clied.
Tlioin2s Alexander Knell
T.A. Knell
Tli¢ Ridings
Borrow Road
Oulion Broad
Lowestoft
s￿ffOlk
NR32 3PN
31 st October 2025
Page 2

OULTON COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR TIIE YEAR ENDED JIST DECEMBER 2024
2024
Unrestricied
fijnds
2023
Toial
funds
N￿e5
INCOME AND ENDOWMENTS FROM
Donati011s and legaeies
1.5,08
31.105
Total
36.610
47,679
EXPENDITURE ON
Rgising funds
Raising donaiions and legacies
Other trading activitie5
47.103
2.250
47.99$
49,353
47.99.5
NET INCOMEIIEXPENDITLRE)
112.743)
1310}
RF.C.ONCILIATION OF FUNDS
Total funds brOu￿7t fon¥ard
70.331
70.647
TOTAL FUNDS CARRIED FORWARD
.57.588
70.33 1
CONTINUINC. OPERATIOYS
All income and expendituie ha5 arisen from COTttiiiuing aciiyiiies.
The noies fomi part of these financtal slalernent5
Page J

OULTON COMMUNITY ASSOCIATION
s'rATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2024
2024
Unreslricted
funds
?023
Total
fuiid
Notes
FIXED ASSETS
Tangible assets
46.351
44.659
CURRENT ASSETS
Debtor5
Casli at bank
275
14.071
3.663
24.949
14.346
?8.612
CREDITORS
Amounts fallin¥ due wiihin one year
13.109)
12.9401
NET CURRENT ASSETS
11.237
25.672
TOTAL ASSETS LESS CURRENT
LIABILITI ES
57.588
70.i31
NET ASSETS
57.588
70.331
FUNDS
Uiire5tricled fund5
57.588
70.3.31
TOTAL FUNDS
57.558
70._331
The financial stateinents were approved by the Board of Trustees and auihorised for issue an 3151 Ocioher 202$ aiid
were signed on ils beliaifby..
K Robinson- Trnslee
The notes form pati of these finan¢ial staiemeiits
Page 4

LTON COMMUNITY ASSOCIA TION
OT
THI FINAN
FOR THE YEA
END
TATE.MEN.TS
CEMBER 2024
ACCOUNTING POLICIES
Basis of preparine the finxncial slatements
The financial 5talemen15 of tlie charily. 1*41ich is a public benefil entit￿ under FRS 102. have been prepared in
accordaiice MÉlh the Charities SORP IFRS 102) 'Ac¢ouJiiing and Reportino by Charities.. Siaie111eni of
Recoinmended Prnctice applicable to charities preparing Ilieir accounis in accordance witli the Financial
Reporting Standard appli¢able in ihe UK and Republic of Ireland IFRS 10?) leffe¢liTre l January 201QI'.
Financial Reporting Standard 102 'The Financial RepDning Siandard applicable in the IIK and Republic ()f
Irelaiid, and the Charitie5 Act 2011. The financial 5talemEn15 have been prepared under t7￿ lii%torical cosi
c(Mivenli()n.
Income
All incoine is recognised in Ilie SiatEmeni of Financial Aciivitie5 once the charitv ha5 eiititleimeni to the funds. it
is probable that the incoille will be received and ihe amounl can be tnea5ured rtliably.
Expendrture
Liabilities are recognised as expeiidiliire as soon as there is a legal or cortsiruciive abligaiion coiniiiiltijig ihe
chariry 10 Iliai expendiiure. il is probable thal a iransfer of e¢onomic beiiefits wrll be required in sciilenient
tlie amount of the obligation can be nieasured reliabli.. Eipendiiure is accounted fnr on an accruals basis and has
b¢cn classified under headings thai aggregate all cost relaled to the caie?ory. Wliere costs cannot be diiectly
altribiiled to Pc1rticiJlar headin¥ tliey have been allocated to aciiviries on a basis tonsisieni ￿111] Ilie use of
rt5011rce5.
Tallgible fixed 955etS
Depreciatloll 15 provided at the folloiving annual rates in order to write off each asset over 115 e51iinated iisefiil
Fixtures apd fitting5
2￿#11 on ieducing balance
Taxatio
Tlie cliarity is exeinpt from on its charitable activilies.
Fund accounting
Unreslricled funds can be used in accordallce with ihe chariiable obj(Ytives al ihe di5crelioii ofilie Trustees.
Resrricied flind5 can only be used for parti¢ular restrrcted purrM)ses wiihin the objec15 of Ihc charity. Reslridion5
arise when S[￿c1r1ed by the donor LTrr when funds 11 re raised for particular resiricied purposes.
Fiirther explanation Dfthe nature and purv￿ of each fund is included in tlie notes io the fiiiancial siaienieTIIS.
Pen5jOD fO$ts #nd other posl-retirement benefit5
Tlie charity opeTale5 a defjned conlribuiion pension scheme. Coniribuiions payable lo the charity's pens101)
scheine are ¢harged to the Stalement olFillancial Activiiies in the periiMI to which Ihey relale.
OTHER TRADING ACTIVITIF.S
2024
2023
Rent from hire of ho11 including.joining aiid affiliaiion fees
-12.594
Page 5
continiied...

LT
OMM
NITY ASS
IATION
NOTES TO THE FINANCIAL STA TF.MF.NTS- ¢oiitiiiu¢d
FOR THE YEAR El*DED 31ST DECEMBER2024
TRUSTEES, REMUNERATION AND BEf*EFITS
Tl)ere were no trustees. reniunerarion or other benefit5 for the year ended 3 1st tkcen)ber 2024 nor for ¢h¢ year
ended 3 1st December 2023.
Trustees, expen$es
There were no irustce5' cxpeiise5 paid foi the year ended 31* December 2Q24 nor for tlie Je3r ended
31 st Deceinber 2023.
COMPARATIVES FOR THE STATEMF.NT OF FINANCIAL AcfiviTIES
Uiiiestricted
fuiids
INCOME AND ENDOWMEP4TS FROM
Donaiion5 and legacies
15,08.S
Other Irading activilies
Total
47.679
EXPENDITIIRE ON
Raising fund5
Raising dnnalinn8 and legacies
47.995
47.995
P4ET INCOMEIIEXPENDITURE)
RECONCILIATION OF FUNDS
Total fiinds broiiglil (on¥aid
70.647
TOTAL FUNDS CARRIED FORWARD
70.331
Page 6
coniinued.-.

OULTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMEN"'TS- continued
FOR THE YEAR ENDED 31ST DECEMBER 2024
TANGIBLE FIXED ASSETS
Fixtures
and
rittillgs
Long
leaseliold
T(Ilals
COST
Ai l%1 Janiiary 2024
Additions
42.967
2.947
2.539
45.914
2,539
Ai 31 $1 December 2024
42.967
S.486
48.453
DEPRECIATIOiY
Ai 181 Januarv 2014
Charge for year
1.255
847
1.255
847
At 315t Deccmbcr 2024
2.102
NET BOOK VALUE
At 31 st Decelliber 2tJ24
42.967
3.384
46.151
At 31 st Deceiiiber 2023
4?.967
1.692
DF.IITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
20?3
Debtors
3.063
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditor5
Taxation and social seC￿ritY
1.093
2.016
2.765
175
3.109
2.94D
MOVEMENT IN FUNDS
Net
)OVetneni
iii funds
Al
31.12.24
At I 1.24
U￿r￿trICted funds
GENERAI.
70.331
112.7431
57.588
TOTAL FUNDS
70.311
11?.7431
57..$88
Page 7
Contin1￿d.

OULTON COMMUNITY ASSOCIA TION
NOTES TO THE FINANCIAL STATEMENTS- Coniinued
FOR THE YEAR ENDED 31ST DECE¥IBER 2024
MOVEMENT IN FUNDS- continued
Nei movenient in fund& included ID the akKTrve are os follows=
ncotlling
re50Lirct5
Resource
e.¥pended
Miiveni¢nl
Unre5triettd funds
GENERAL
(49.353)
112.7431
TOTAL FUNDS
36.610
149.3.53)
112.7431
Comparative5 for Mo￿eMent in fund5
Net
movemEtrt
in funds
Al
31.12.2i
Al I 1.23
Vnreslriclcd funds
GENERAL
70.647
13161
70.331
TOTAL FUNDS
70.fv17
(i161
70.331
Coniparative net n)ovemellt in funds. included in the alx>ve ale a5 follows=
Incomin
resource5
Re50111¢es
expeiided
Moveiiient
in fuiids
Unrestricted fund5
GENERAL
47.679
147,99.fj1
1316)
TOTAL FUNDS
147,99$1
A current year 12 Inonths and prior year 12 month5 combined JxTrsilion is as follows..
Nef
Inovenienl
ii) funds
At
il.12.24
At 1.1_23
Unrestrieted fiillds
GENERAL
7D.647
{13.0591
57.-588
TOTAL FUP4DS
70,647
{13.0591
57.588
Page 8

OULTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- contiiiued
FOR THE YEAR EliDED 31ST DECEMBER 2024
MOVEMENT IN FUNDS- continued
A currenl year 12 months and prior year 12 monihs combined nel moveilienl in funds. iiicluded in the above are
as follows..
Inconiin
re50uice5
ReSou￿e$
eApended
Moveiiient
in funds
Unrestriettd funds
GENERAL
84.289
197.3481
IlJ.0591
TOTAL FUNDS
84.289
197.3481
113.0fj91
RELATED PARTY DISCLOSURES
There were no relaled party i¥ansaciions for Ihe vear ended J Isi Deceinber 2024.
Page 9

OULTON COMMUNITY ASS(KIATION
DETAILED STATEMENT OF FIXANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 20?4
?024
2023
INCOME AND EP4DOWMENTS
Don#tion.s Itg&cies
Donaiions received
Grants received
5.505
1.5.0.54
5.505
15.085
Other trading activities
Rent from hire of hall including JoÈning and
affilialiotk fees
31.los
Total incomlng resources
36,610
47.679
EXPENDITURE
Raising donatlOT15 and leg2cies
Cenlre mana¥erfs salar¥. and careiaking
Pe￿370￿$
Water and sewerag¢
Insiirance
Light and lieul
Telephone and pDstag¢
Priniing. siarionery and advertising
Sundrie5
Repairs and renewals
Perfortning Ri￿115 5ub5EripIio
Cleaiiing materia15
Accountancy
Refuse collection
Field iiiainlenancc
Property repairs
Website maintenance
Bank cliarges
Funeral dDnation
Mileage
Legal fees
Fixtures and fittings
2CTr.530
680
S65
1.203
7.091
669
16.600
379
732
578
125
100
1.794
-135
46
1.165
201
939
380
355
-$87
248
1.67?
120
104
20
87
i.206
423
257
1.66?
i?0
847
47.103
47.99.5
Olher trading activitie5
Wami Wel¢tsine Scheme c051s
2,1.$0
Total resources expended
49.353
47.995
Net expenditure
112.74il
This pag¢ does not foTm patl of Ihe siatiiiory financial statemenis
P3¥e 10