Charity registration number 270999 ST.FRANCIS. NEW DENHAM AND WILLOWBANK COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FNANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
ST.FRAtr4CIS. NEW OENHAM AND VVILLOWBANK COMMUNITY ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees H. Buder Icharfmanl Mrs A. Valenline (Treasurerl G. Chambedain (se18ryI Mr A.V8lenline (Presidenti C. Alexander B. Dunlop V. Hamberger Mrs N. Bigg Mr B. Bg Mr M. Dunlop A. Br8nnan Charfty number 270999 Prfnclpal address The Cornrnunty Centre Oxford Road New D8nharn Buckingharnshire UB9 4DW Ind•p0ndont &xamlner Gary Hook FCCA 33 Newtown Road New Denham Buckingharnshi UB9 4BE
ST.FRANCIS, NEW DÉNHAAI AND IMLLOWBANK COMMUNrrY ASSOCIATION CONTENTS Pay8 Trustees. roport Independent examlner'8 report Stat•m•nt C*f financlal activities Bolance sheet Notes to the financial statements
ST.FRANCIS. NEW DENHAJI AND WILLOWBANK COMMUNITY ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Th8 twste8s present their annual report and financial st8tem8nts for the year ended 31 August 2024. The accounts have been prepared in accordance with the accounting policies sel out in note 1 to the 8ccounts and complywilh the eharitys Constitution, th8 Charities Act 2011 and 'Accounling and R8POrting by Chariti8s'. Ststèment of Recotntnended Pra¢ti¢e applicable to charities preparing their accounts In a¢cordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" la$ am8nd8d foraccounting periods COtntnen¢ing trom 1 January 20161 Obj•¢tlv&$ and actlvltles The Charities objects are, as set out in its governing document. to promote th8 b8nefit of the inhabltsnts of New Denham and Willowbank and th8 n8ighbouthood witt)oul the distinction of sex or political. religious or other opinions. The TTuslees have paid due regard lo guidance issued try the Charity Commission in deciding what actiwtEs the charity should un(Jertake. The Tnain a1tS of the charity, undertaken for the public benefit in latiOn to the charitys objects. are organising various fund raising events, renting out the villagè hall and car park, and making donations to various charities for children and the elderty. Achievements and perforniance Flnanclal revlew It is the policy of the charity that unrestricted funds which have not been de$i9naled for a specific use should be invested in high Inte$t busine$$ accounts. These fvnds a to bo used atth8 charitls discr8tion in the fuiura. The Trustees have assessed the major risks to which the charty 5s exposed, and ar8 S8tisfied that Sy51erns a in plac& to mits.gate gxp08ur8 to tha m8jor risks. Stru¢turo. govemance and management The ¢harty is an association govemed by its constitution, which was first adopted on 14 Octob8r 1975 and amended on 16 February 1976. The Trustees who $èN8d dunng the year and up to the date of signature of the financial 5tatemonls wer8.. H. Buyer (Chaimanl Mrs A. Valentine (Treasurer) G. Chamberfaln (Secretary) Mr A.Valentine (Presidentl C. Alexander B. Dunlop V. Harnberger Mrs N. Bigg Mr B. 8igg Mr M. Dunbp A. Brennan Trust888 are voted onto the committee by members. at which point th8y automatically become trustees. None of th8 Tru5t8es has any beneftcial interest In the ¢harity. The trustee5' report wa5 approved by the Boarf of Trustees. Mrs A. Valentine [[a$UrerI Trust88 D8t8'. Page 1
ST.FRANCIS. NEW DENHAM WILLOW8ANK COMMUNITY ASSOCIATION INDEPENDENT EXAMINERE REPORT TO THE TRUSTEES OF ST. FFL4NCIS, NEW DENHAM AND WILLOWBANK COMMUNITY ASSOCIATION FOR THE YEAR ÈNDED 31 AUGUST2024 I report to the Trustees on my exatninatlon of the financial slaiemenls of St. Francis, New Denham and Willowbank Comrnunity Association Ilhe charity) for the year ended 31 Augu$l 2024. Respon5ibiliti85 and basi$ of rep¢4rt As the Trustees of the charity you are responsible for the prèparation of the financial statem8nts in accordan th the requiretnents ol the Charitie$ Act 2011 Ithe 2011 Act). I report in SpeCt of ry examination of the charivs financial stslÈmÈnt3 carried out under section 145 of the 2011 Act. In carrwng out my examination I have followed all the applicable Direction5 given by the Charity CoMfflS1On under section 14515llbl of the 2011 Act. Indepandent examln•¢s stat•m•nt Your attention is drawn to the fact that the charity has prepared financial ststem8nts in accord&rice with Accounting and Reporting by Charftl&s preparing Iheir accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in pference to the Accounting and Reporting by Charities". Ststement of Recomrn8nd8d Practic6 issued on 1 April 2005 which is rgfgtred to in the *xtant regulations but has now been wilhdrawn. l understand thatthls has b8en done in ord8r forfinancial statements to provide a true and lairview in accordance wilh Generalby A¢¢epted Accounting Practice effective for porting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my att8ntion in eonnedion with the examination giving me c2use lo beli&v8 that in any material respeGI'. accounting records were not k8Pt in respect of the charity as required by section 130 of the 2011 Act.. or the fin8nco1 statements do not accord with those records,. or the finan¢ial st8tements do not com Jy with the apOicable requirements conceming the forrn and ¢ontent of a¢¢ounts sel out1n the chareS IAccouTrts and Reports) Regu18tions 2008 other than any reqU1ment that the 8¢¢ounts give a true and fair vi8w which is not a matter considered as part of an independent exarnination. I hav8 no concems and have come across no other matters in connedion with the examination to which ttention should be drawn In this report in ord8r to en8ble a proper understan4ing of the financial 5tatem8nts to ached. Gary ook FCCA 33 Newtown Road Denham 8uckinghamshir¢ UB94BE Dated.. Pag8 2
ST.FRANCIS, NEW DENHAM AND WILLOWIBANK COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notss Inctsme from.. Charitable activiues Investments 33.489 433 31,995 164 Total Incomo 33,922 32,159 ondl Charitable activ-e$ 35,707 30,274 N•t incomellexpendlturel for the yearl Net rnovement in funds 11,7851 1.885 Fund balances at 1 September 2023 65.551 83.666 Fund b8lanr*s a131 August 2024 63,766 65,551 The $tstement of th8 financial a¢bvbe5 includes all gains an¢ losses recognrsed in the year. All income and expenditure derive frorn conts'nuing acliwties. Page 3
ST.FRANCIS, NEW DENHAM AND WILLOWBANK COMMUNITY ASSOCIATION BALANCE SHEET AS AT31 AUGUST2024 2024 2023 Notes Fid a$s¢t$ Tangible Fixed Assets 167 Curr¢nt a$$ots Debtors Cash ai bank an¢ in hand 10 1.293 63.973 698 66,486 65,266 67,184 CredltOf8: amounts falllng dug wlthln one year 11 1,500 1.800 Net ¢urrenl assets 63,766 65,384 Totsl assets less current liabllitles 63,766 65.551 Incorne fund5 Unrestrictsd funds 83,76e 85,551 63,76fj 65.551 Th8 financial stat8m8nts were approved by the Trustees Mrs A. Valentine ITr8asur8rl Trust88 Page 4
ST.FIiANCIS, NEW DENHAM AND WILLOWBANK COMMUNtrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST Z024 Lcovnting poll¢les harfty Informatjon st. Francis, Nekv Denham and Willowbank Cornrnunity Association is a charitable association registe in England and Wales and govemed by its constitution, which was first adopted on 14 October 1975 and amended on 16 Febwary 1976. The principal place of busin885 is 80, Oxtord Road. New Denham. Buckinghamshire. U89 4DW. Countlng convenllon The accounts have been pr8par8d in accordan the charit15 constitution. Ihe Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommen(led Pracli¢e applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las 8rnended for accounting periods commen¢ing from 1 January 20161. Th charity is a Pubiic B8nefit Entity 85 d8fin8d by FRS 102. The charity has taken advant8ge of the piovisions in the SORP tr charities applying FRS 102 Upd810 Bulletin 1 not to pr8par8 a St8t8menl of Cash Flows. The financial ststements have departed frorn the Charitie5 (Accounts and Reportsl Regulations 2008 only to the exient required to proVe a true and fair view. This depariure has Involved following the Statement of Recommended Practice for charities applying FRS 102 fdther than the version of the Stalemeni of Recommended Practite whi¢h 1$ r8ferr8d lo in th8 R8gulations bul which ha5 since been withdrawn. The finan¢lal ststem8nts ar8 prepared in Sterling. which is th8 functional currency of the ¢harity. Monetary amounts in these financial statements are rounded to nearest £. The accounts have been prep8red under the historical cost conveniion. The principal accounting litIeS adopted are set out below. Golng conc8m At the tlm8 of approving the financial 51ateTnenls. the Tru5t88s have a asOnable expectation that the ¢harity has adequate resources to continue in op8rational e)i5tence for the fOSee#ble lulu. Thu$ the Trustees continue to adopl the going concern basis of accounting in pieparing the financol statements. Chable funds Unrestrided funds 8re avai18ble for use 8t the discretion of the Trustee5 in furtherance of their charitable obj8CtiV8$. The Charity has no resbi¢ted funds. Incomln9 resources In¢ome is rEcognisEé when the eharity is legally ented to il after any performance nd1th)n8 have been met, U)e arnounts Can be meaSUd reliably. and It Is probable that Incom8 will be rec8ivad. Cash don*"ons are recognised on receipt. Page 5
ST.FRANCIS. NEW DENHAM ANO WILLOWBANK COMMUNrrY ASSOCIATION NOTES TO THE FINANCLAL STATEMENTS ICONTINUEDI FOR ThE YEAR ENDED 31 AUGUST 2024 A¢¢ountlng poll¢les Icontinuedl Resourc88 exp8nded Expenditure is recognised once Ih8r8 is a legal or conslruclive obligation to transfer economic bEnefrt lo a third paty, it 18 probable that a transfer of economic b8nefits will be reqUId in setuement. and the amount of th8 oblig8tion can be measured reli8bly. Exp8nditur8 is cl8S5if18d by &clivity- Th8 Costs of each activity aro made up of the total of d1cl costs arKI shared cos15, including support cost5 involved in undertaking each activity. Direct costs attributable lo a single activity are allocated direcuy to that activity. Shared Costs which contribute to more than one activity and support costs which 8re not attributable lo a single activity art apporboned between those activitS on a basis consistent with the use of re50urces. Central staff Costs a allocated on the basis of time spent, and depr8ciation ch8rge5 ar8 allocatsd on th8 Portion of the asset's use. Tanglble flxed assets T8ngible fixed assets are initially measured at cost and subsequendy measured at cost. net of depreciation and any impairment Ios88S. Depreci8tion is recogni5ed 50 88 to write off the cost of 8ssets less tt)elr resldual values over their useful Ilves on th8 following b&s85'. Freehold land and bU11ng5 Fixtur85 and fittings Computers 2% 5tr8ighl line 20% straight line 20QA straight line The gain or loss arising on the disposal of an asset is deterrnined as the dIffenCe between the sale Proceeds and the carrwng value tsf the asset. and is e0gnISed In the statement Df financial aclivilies. Impairrnent offued assets At each reporknng end d8te, the charity review5 Ihe carrying amounts of its tangible assets lo determine wh81h8r th8r8 IS 8ny indication that those 8ssets hav8 suff8r8d an impairtt*ni loss. If any such indi¢8tio 8XiSts, th8 recov8rable amount of the asset is estimated in order to deterrnine the exienl ol the impairment loss lif any). Cash and cash equivalents C8sh and cash equivalents include eash in hand, deposits held at call with banks, other short-term liquid inv&stments with original maluritl8s of thre& months or18SS, 8nd bank ovèrdrafts. 8ank ovèrdrafts are shown within borrowings in curr8nt liabilib-es. Critical accounting estimates and judgements In the applic2lion of the chariW$ ac¢ountirvJ pdicies, the Truste88 are required to make judgements, estimates and assumptions about the carryang èmount of assets 8nd li8bilities that are not r88dily apparent from other sour¢e$. Th8 estimates and associated assurnplions ar8 bas8d on historical experience and other factor8 that are Considered to be relevant. Actual results may differfrom these estim81es. Th8 estimates and undedyin9 assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recogni88d in the period in which th8 estim8te is r8ViS8d wh8r8 the revision aff8Cts only that period. or in the perd of the revision and future periods where the r8ViSK)n 8ff8Cts both current and future periods. Page 6
ST.FRANCIS. NEW DENHAM WILLOWBANK COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS I¢ONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Income from ¢haritsble activities 2024 2023 Hire of hall HI ol car park 31.163 2,326 27,295 4,700 33.489 31,995 In¥estsnents 2024 2023 Interest receivable 433 Charltable a¢tlvltlo$ 2024 2023 Depreciation and impairment Donations and granl funding of actlvlU88 Rates Accountsncy fees Repairs and maintenance Insurance Sundry expenses Light and heat Cleaning and gardenlng 167 7.350 1.248 1.950 10.220 1.053 43 4.CH)1 9.675 6,605 988 2,250 5,298 2,834 3,494 B,789 35.707 30,274 Page 7
ST.FRANCIS, NEW DENHAM ANO WILLOWBANK COMMUNrfY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 Tru$t¢¢$ None of the Trustses lor any persons o)Trne¢tgd with theml re¢eNed any r8muneration or b8nefits from the charity during the year. Employees The average monthly numberof employees during the year was.. 2024 hlumber 2023 Numbor Total There were no employees whose annual remuneration was MO than £60.000. Taxatlon The chartty is exempt from tax on incorne and gains falling within section 505 of the Taxes Act 1988 or Section 252 of the Taxation of Charg8able Gain Act 1992 to the extent that the5p applied to its charitable objects. Page 8
8T.FRANCIS, NEW DENHAM WILLOWBANK COMMUNITY ASSOCIAnON NOTES TO THE FINAMCIAL STATEMENTS ICONTINUEDI FOR THE YE ENDED 31 AUGUST 2024 Tanglble ftxgd assgtS Frèehold land ond building5 Flxtures and fittings CompLtt•rs Total At 1 September 2023 88.298 31.468 557 100,323 At 31 August 2024 68.298 31,468 557 100,323 Depreciation and impairma At 1 September 2023 Depreck81ion charged in the year 68,298 31.301 167 557 100,156 167 At 31 August 2024 68.298 31.468 557 100,323 Carwng amount Al 31 Augusl 2023 167 167 At 31 August 2024 10 Debtors mounts falllng duo wSntln or¢8 yaar 2024 2023 Prapayments 8nd acuu8d IrKome 1.293 11 Credilors.. am¢xJnts falling dye within ore 2024 2023 Accrua15 and deferred income 1,500 1,800 12 Related partytrat1lIoTh¥ Thera no disdosatAa rdated party InSa¢bO$ during the ye8r12023. ne1. Remuneration of key mJnagemeTht personnel Therè has betn no rtrmuftÈralon to key rnanagtment par&onnal in thè current or pritryears. Page 9