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 Page 0