Docusign Envelope ID: A85DC3F9-EA42-40B4-BBAA-643156A1C7E8
ONGAR & DISTRICT COMMUNITY ASSOCIATION
Statement of Financial Activities for the 12 months to 31st March 2024
| Notes Incoming Resources Charitable trading income 2 Donations & Other Income Affiliations & Membership Fees Investment Income 3 Total Incoming Resources Resources Expended Purchases Salaries 5 Contractor Building Services Light and heat Rates and water Repairs Telephone and postage Printing and stationery Insurance and licences Accountancy Consultancy Depreciation Sundry expenses Bank charges Website Advertising Subscriptions and donations Cleaning Total Resources Expended Net incoming resources before transfers 4 Unrestricted Funds at 1st April Unrestricted Funds at 31st March |
Unrestricted Funds £ 36,518 63,182 177 54 99,931 0 11,544 4,875 16,482 766 29,722 782 52 7,818 5,104 825 5,292 718 6 745 378 0 2,195 87,303 12,628 111,894 £124,522 |
Year to 31.3.24 £ 36,518 63,182 177 54 99,931 0 11,544 4,875 16,482 766 29,722 782 52 7,818 5,104 825 5,292 718 6 745 378 0 2,195 87,303 12,628 111,894 £124,522 |
Year to RESTRICTED FUNDS 31.3.23 31.3.24 31.3.23 £ £ £ 40,538 3,125 81 169 43,913 0 0 0 16,271 4,363 10,256 1,113 5,982 15,723 741 631 7,084 4,118 600 2,363 375 14 635 0 212 1,640 56,397 0 15,723 -12,484 0 -15,723 124,378 19,962 35,685 £111,894 £19,962 £19,962 |
|---|---|---|---|
Docusign Envelope ID: A85DC3F9-EA42-40B4-BBAA-643156A1C7E8
ONGAR & DISTRICT COMMUNITY ASSOCIATION
| Balance Sheet as at 31st March 2024 Fixed Assets Tangible Assets Current Assets Debtors Cash at bank and in hand Investments Creditors Amounts falling due within one year Net Current Assets Total Assets less Current Liabilities Funds Restricted Funds Unrestricted funds - general Total Funds |
Notes 6 7 8 |
Year to 31.3.24 £ 44,938 27,526 84,416 3 111,945 12,399 99,546 £144,484 19,962 124,522 £144,484 |
Year to 31.3.23 £ 26,909 18,199 95,417 3 113,620 8,673 104,946 £131,855 19,962 111,894 £131,856 |
|
|---|---|---|---|---|
11/7/2024
The accounts were approved by the Trustees on …..................
For and on behalf of the Trustees
D Irving Trustee
Docusign Envelope ID: A85DC3F9-EA42-40B4-BBAA-643156A1C7E8
ONGAR & DISTRICT COMMUNITY ASSOCIATION
Notes to the Accounts for the period ended 31st March 2024
1. ACCOUNTING POLICIES
Basis of Preparation
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and follow recommendations in Statements of Recommended Practice: Accounting by Charities
Fixed Assets
Fixed assets are recorded at cost or, in cases where fixed assets have been donated to Ongar and District Community Association, at valuation at time of acquisition.
Depreciation has been provided at the following rates in order to write down the cost or valuation, less estimated residual value, of all tangible fixed assets, with the exception of freehold land, by equal annual instalments over their expected useful lives.
Furniture and equipment 15% Reducing Balance Fixtures and fittings 15% Reducing Balance Carpets 20% Straight Line Basis Improvements to property 20% Straight Line Basis Curtains & track fixings 20% Straight Line Basis
Incoming Resources
Incoming resources from operating activities
Income from community centres and lettings is accounted for on an accruals basis
Donations and Grants
Income from donations and grants is included in incoming resources when it is receivable
Membership and Affiliation fees
Income from membership fees and affiliations is accounted for on an accruals basis
Investment Income
Investment income is recognised in the accounts when it is received
Resources Expended
Resources expended are included in the Statement of Financial Activities on an accruals basis, exclusive of VAT
Taxation
No provision has been made for corporation tax or deferred tax as the charity is a registered charity and therefore exempt.
Fund accounting
Funds held by the charity fall into the following categories:
Unrestricted general funds
These are funds which can be used in accordance with the charitable objects at the discretion of the trustees
Designated funds
These are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects
Restricted Funds
These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes
Docusign Envelope ID: A85DC3F9-EA42-40B4-BBAA-643156A1C7E8
ONGAR & DISTRICT COMMUNITY ASSOCIATION
Notes to the Accounts for the period ended 31st March 2024
| 2. CHARITABLE TRADING INCOME Unrestricted Funds £ Lettings 28,270 Café rental income 6,900 Café gas & water 423 Costs recharged 421 Fund-raising 345 Taxable sales 158 £36,518 3. INVESTMENT INCOME Unrestricted Funds £ Interest Received 54 4. NET INCOMING RESOURCES BEFORE TRANSFERS The net incoming resources before transfers is stated after charging: Depreciation - owned assets 5. TRUSTEES, DIRECTORS AND EMPLOYEES Staff costs were as follows Wages and Salaries (Administration) Social Security Costs (Administration) The average number of staff employed by the charity during the year was Management and administration No employee earned more than £50,000 during the year |
Year to 31.3.24 £ 28,270 6,900 423 421 345 158 £36,518 31.3.24 £ 54 31.3.24 £ 2,249 31.3.24 £ 11,544 0 £11,544 1 (2023 - 2) 31.3.24 1 |
Year to RESTRICTED FUNDS 31.3.23 31.3.24 31.3.23 £ £ £ 28,988 6,055 607 515 803 3,571 £40,538 £0 £0 RESTRICTED FUNDS 31.3.23 31.3.24 31.3.23 £ £ £ 169 31.3.23 £ 2,249 31.3.23 £ 16,271 0 £16,271 31.3.23 2 |
|---|---|---|
Docusign Envelope ID: A85DC3F9-EA42-40B4-BBAA-643156A1C7E8
ONGAR & DISTRICT COMMUNITY ASSOCIATION
Notes to the Accounts for the period ended 31st March 2024
6. TANGIBLE FIXED ASSETS
| Fixtures Furniture & Fittings & Equipment £ £ COST As at 1 April 2024 30,651 27,803 Additions 4,675 As at 31st March 35,326 27,803 DEPRECIATION As at 1 April 2024 18,056 20,145 Charge for the year 4,004 -743 As at 31st March 22,060 19,401 NET BOOK VALUE As at 31st March £13,266 £8,402 At 31 March 2023 £12,595 £7,659 7. DEBTORS Trade Debtors Taxes & social security costs Other Debtors Prepayments and deferred income 8. CREDITORS: Amounts falling due within one year Taxes & social security costs Other creditors Trade creditors Accruals and deferred income 9. INDEPENDENT EXAMINERS & AUDITOR'S REMUNERATION |
Improvements Carpets to Premises £ £ 988 5,855 38,137 988 43,992 114 73 198 21,325 312 21,398 £676 £22,595 £874 £5,782 31.3.24 31.3.23 £ £ 9,111 7,929 1,288 4,761 16,204 4,833 923 677 £27,526 £18,199 31.3.24 31.3.23 £ £ -10 -160 4,752 0 6,067 3,291 1,589 5,543 £12,399 £8,673 |
Curtains 0 0 0 £0 £0 |
Total £ 65,297 42,812 108,109 38,388 24,784 63,171 44,938 26,909 |
|---|---|---|---|
The total paid by the charity to the independent examiner and the auditors, related to the following services:
| Audit Independent Examination |
31.3.24 £ 0 0 0 |
31.3.23 £ 0 0 0 |
|
|---|---|---|---|
Docusign Envelope ID: A85DC3F9-EA42-40B4-BBAA-643156A1C7E8
ONGAR & DISTRICT COMMUNITY ASSOCIATION
Statement of Financial Activities for the 12 months to 31st March 2024
| Notes Incoming Resources Charitable trading income 2 Donations & Other Income Affiliations & Membership Fees Investment Income 3 Total Incoming Resources Resources Expended Purchases Salaries 5 Contractor Building Services Light and heat Rates and water Repairs Telephone and postage Printing and stationery Insurance and licences Accountancy Consultancy Depreciation Sundry expenses Bank charges Website Advertising Subscriptions and donations Cleaning Total Resources Expended Net incoming resources before transfers 4 Unrestricted Funds at 1st April Unrestricted Funds at 31st March |
Unrestricted Funds £ 36,518 63,182 177 54 99,931 0 11,544 4,875 16,482 766 29,722 782 52 7,818 5,104 825 5,292 718 6 745 378 0 2,195 87,303 12,628 111,894 £124,522 |
Year to 31.3.24 £ 36,518 63,182 177 54 99,931 0 11,544 4,875 16,482 766 29,722 782 52 7,818 5,104 825 5,292 718 6 745 378 0 2,195 87,303 12,628 111,894 £124,522 |
Year to RESTRICTED FUNDS 31.3.23 31.3.24 31.3.23 £ £ £ 40,538 3,125 81 169 43,913 0 0 0 16,271 4,363 10,256 1,113 5,982 15,723 741 631 7,084 4,118 600 2,363 375 14 635 0 212 1,640 56,397 0 15,723 -12,484 0 -15,723 124,378 19,962 35,685 £111,894 £19,962 £19,962 |
|---|---|---|---|
Docusign Envelope ID: A85DC3F9-EA42-40B4-BBAA-643156A1C7E8
ONGAR & DISTRICT COMMUNITY ASSOCIATION
| Balance Sheet as at 31st March 2024 Fixed Assets Tangible Assets Current Assets Debtors Cash at bank and in hand Investments Creditors Amounts falling due within one year Net Current Assets Total Assets less Current Liabilities Funds Restricted Funds Unrestricted funds - general Total Funds |
Notes 6 7 8 |
Year to 31.3.24 £ 44,938 27,526 84,416 3 111,945 12,399 99,546 £144,484 19,962 124,522 £144,484 |
Year to 31.3.23 £ 26,909 18,199 95,417 3 113,620 8,673 104,946 £131,855 19,962 111,894 £131,856 |
|
|---|---|---|---|---|
11/7/2024
The accounts were approved by the Trustees on …..................
For and on behalf of the Trustees
D Irving Trustee
Docusign Envelope ID: A85DC3F9-EA42-40B4-BBAA-643156A1C7E8
ONGAR & DISTRICT COMMUNITY ASSOCIATION
Notes to the Accounts for the period ended 31st March 2024
1. ACCOUNTING POLICIES
Basis of Preparation
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and follow recommendations in Statements of Recommended Practice: Accounting by Charities
Fixed Assets
Fixed assets are recorded at cost or, in cases where fixed assets have been donated to Ongar and District Community Association, at valuation at time of acquisition.
Depreciation has been provided at the following rates in order to write down the cost or valuation, less estimated residual value, of all tangible fixed assets, with the exception of freehold land, by equal annual instalments over their expected useful lives.
Furniture and equipment 15% Reducing Balance Fixtures and fittings 15% Reducing Balance Carpets 20% Straight Line Basis Improvements to property 20% Straight Line Basis Curtains & track fixings 20% Straight Line Basis
Incoming Resources
Incoming resources from operating activities
Income from community centres and lettings is accounted for on an accruals basis
Donations and Grants
Income from donations and grants is included in incoming resources when it is receivable
Membership and Affiliation fees
Income from membership fees and affiliations is accounted for on an accruals basis
Investment Income
Investment income is recognised in the accounts when it is received
Resources Expended
Resources expended are included in the Statement of Financial Activities on an accruals basis, exclusive of VAT
Taxation
No provision has been made for corporation tax or deferred tax as the charity is a registered charity and therefore exempt.
Fund accounting
Funds held by the charity fall into the following categories:
Unrestricted general funds
These are funds which can be used in accordance with the charitable objects at the discretion of the trustees
Designated funds
These are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects
Restricted Funds
These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes
Docusign Envelope ID: A85DC3F9-EA42-40B4-BBAA-643156A1C7E8
ONGAR & DISTRICT COMMUNITY ASSOCIATION
Notes to the Accounts for the period ended 31st March 2024
| 2. CHARITABLE TRADING INCOME Unrestricted Funds £ Lettings 28,270 Café rental income 6,900 Café gas & water 423 Costs recharged 421 Fund-raising 345 Taxable sales 158 £36,518 3. INVESTMENT INCOME Unrestricted Funds £ Interest Received 54 4. NET INCOMING RESOURCES BEFORE TRANSFERS The net incoming resources before transfers is stated after charging: Depreciation - owned assets 5. TRUSTEES, DIRECTORS AND EMPLOYEES Staff costs were as follows Wages and Salaries (Administration) Social Security Costs (Administration) The average number of staff employed by the charity during the year was Management and administration No employee earned more than £50,000 during the year |
Year to 31.3.24 £ 28,270 6,900 423 421 345 158 £36,518 31.3.24 £ 54 31.3.24 £ 2,249 31.3.24 £ 11,544 0 £11,544 1 (2023 - 2) 31.3.24 1 |
Year to RESTRICTED FUNDS 31.3.23 31.3.24 31.3.23 £ £ £ 28,988 6,055 607 515 803 3,571 £40,538 £0 £0 RESTRICTED FUNDS 31.3.23 31.3.24 31.3.23 £ £ £ 169 31.3.23 £ 2,249 31.3.23 £ 16,271 0 £16,271 31.3.23 2 |
|---|---|---|
Docusign Envelope ID: A85DC3F9-EA42-40B4-BBAA-643156A1C7E8
ONGAR & DISTRICT COMMUNITY ASSOCIATION
Notes to the Accounts for the period ended 31st March 2024
6. TANGIBLE FIXED ASSETS
| Fixtures Furniture & Fittings & Equipment £ £ COST As at 1 April 2024 30,651 27,803 Additions 4,675 As at 31st March 35,326 27,803 DEPRECIATION As at 1 April 2024 18,056 20,145 Charge for the year 4,004 -743 As at 31st March 22,060 19,401 NET BOOK VALUE As at 31st March £13,266 £8,402 At 31 March 2023 £12,595 £7,659 7. DEBTORS Trade Debtors Taxes & social security costs Other Debtors Prepayments and deferred income 8. CREDITORS: Amounts falling due within one year Taxes & social security costs Other creditors Trade creditors Accruals and deferred income 9. INDEPENDENT EXAMINERS & AUDITOR'S REMUNERATION |
Improvements Carpets to Premises £ £ 988 5,855 38,137 988 43,992 114 73 198 21,325 312 21,398 £676 £22,595 £874 £5,782 31.3.24 31.3.23 £ £ 9,111 7,929 1,288 4,761 16,204 4,833 923 677 £27,526 £18,199 31.3.24 31.3.23 £ £ -10 -160 4,752 0 6,067 3,291 1,589 5,543 £12,399 £8,673 |
Curtains 0 0 0 £0 £0 |
Total £ 65,297 42,812 108,109 38,388 24,784 63,171 44,938 26,909 |
|---|---|---|---|
The total paid by the charity to the independent examiner and the auditors, related to the following services:
| Audit Independent Examination |
31.3.24 £ 0 0 0 |
31.3.23 £ 0 0 0 |
|
|---|---|---|---|
Ongar and District Community Association Independent Examiners Report
Independent Examiner's Report to the trustees of Ongar and District Community Association
I report to the trustees on my examination of the financial statements of Ongar and District Community Association for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and 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 this report in order to enable a proper understanding of the financial statements to be reached.
ROWLEY ASSOCIATIES LIMITED
40 High Street Swanley Kent BR8 8BQ 6 November 2024
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