South Grove Community A550ciatlon
Charlty No. 272798
Trustees, Report and Unaudited Accounts
31 March 2024
Mason & Co.
AccouNTANTS AND BUSINESS ADVISORS
T.. 01832 776222 E: info@mcoaccountants.co.uk
6 THE OLD QUARRY, NENE VALLEY BUSINESS PARK, OUNDLE, PE8 4HN

South Grove Commwthy Assodatlon
Contents
Pages
2104
Tru5tees' Annual Report
Independent Examlnerfs Report
Statement of Flnancial Activities
Balance Sheet
Statement of Cash flows
Notes to the Accounts
8t014
Detailed Statement of Flnandal Actlvltles
15to16
Page I

South Grove Communlty A550clallon
Trustee5 Annual Report
The trustees present thelr report wlth the unaudSted flnanclal statements of the tharlty for the year ended
31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charlty No. 2n798
Prfntipal Ollke
S¢￿th Grove Cornmunity Centre
Grove Street
Woodston
Peterborough
PE2 9AG
Trustees
The followlng trustees seNed durlng the year:
J. Barry
M. Heaney
N. Thulboum
Key Management Personnel
Chair:
Secretary:
Treasurer.
Alan Dallday
Tlna Stockhlll
Margaret Thulboum
Other Commlttee Members and User Representatives include: Alan Dalllday. Tlna Schlpanl, Marlo Schipani,
Tlna Stockhill and Carol Pywell.
¢ountants
Mason & Co
6 The Old Quarry
Nene Valley Business Park
Oundle
Peterborough
PE84HN
Banke
Barclays Bank PIC
Peterborough Business Centre
PO Box 294
PeterborouEh
PEI IEX
OBJECTIVES AND ACTIVITIES
Obledlves and alms
Page 2

South Grove Communlty Assoclatlon
Trustees Annual Report
The object of the Charlty Is to establish and Improve the condition5 of Ilfe for the inhabitants of Woodston
and Fletton (Peterboroughl as defined on a map contained In the constitution and known as ihee "area of
benefit" This is achleved by advancing education, providing recreatlon and lelsure facillties and promoting
charitable purposes.
The community tentre is available for hire by an individual or organisation in accordance with the standard
hiring agreement and scale of charges adopted for the year. It 15 interbded that the scale of char8es, together
with the income from the bar facilities be sufficient to generate enough income to meet all expenditure
incurred in providinB the centre.
Community project5 are funde(I by specific appeals, funding and Brants.
Publ1¢ Benefit
The Trustees confirm that they have complied with the duty in section 4 of the Charltles Act 2006 to have
due regard to the Charity Commission's general BuSdance on public benefit,'Charities and publlc Benefit,.
The tommunlty centre Is utili5ed by all sectors of the communlty. The management Committee Is always
open to and welcomes any new initiatives.
ACHIEVEMENTS AND PERFORMANCE
Charitable activitie5
The attache(I flnanclal statements show the current state of the Association's finances which the Trustees
consider to be sound.
The centre is utilised by all sectors of our community but we a￿ always open to and welcome new inltlatlves.
PLANS FOR FUTURE PERIODS
Durlng the coming year the Association is continuing to improve it5 accounting systems and to seek new
sources of funding.
The Trustee's are actively seeking long term solution to the property.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governin8 Document
The South Grove Communlty Assoclatlon is registered was established by a constitution adopted on 13
December 1976 and amended and approved on 27 June 1997.
Or8anisational structure
The Charlty is organised as an independent assoclatlon of local residents with a Management Committee
compromising elected and nominated members. Actlvlties include the provision of the community centre as
a permanent facility and a variety of communlty groups and project5 includlng blngo, karate ert.
The Management Committee are elected on an annual basis with the Officers belng elected flrst. The annual
general meetin8 15 usually held in June.
The Charity relies primarlly on volunteers but does have several paid part-tlme staff. Including a Centre
Manager, Bar staff and Cleaners.
Statement of trustees, responsibllltles In relatlon to the flnanclal ststements
The charity trustees are re5pon5ible for preparing a trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Page 3

South Grove Communlty Assod•tlon
Trustees Annual Rep(wt
The trustees are responslble for keeplng proper accountlng records that dlsclose wlth reasonable accuracy at
any tlme the flnanclal posltlon of the charlty and to enable them to ensure that the flnanclal statements
comply wlth the Charltles Act 2011. the appllcable Charitle5 (Accounts and Reports) RegulatM)ns, and the
provlsions of the Trust deed. The Trustees are also responslble for 5afeguardlng the assets of the charity and
hence tsklng reasonable steps forthe prevention and detection of fraud and other irregularlties.
Approved by order of the board of trustees and signed on Its behalf by:
N. Thulbourn
Trustee
31 March 2024
Page 4

South Grove Community Assotlatlon
Independent Examiners Report
Independent Examiner's Report to the trustees of South Grove Communlty Assoclation
I report to the trustees on my examination of the financial statements of South Grove Communlty
Association forthe year ended 31 March 2024.
Responsibilities and basls of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance
wlth the requirement5 of the Charities Act 20111'the Act'l.
I report in respect of my examinatlon of the charity's financial statements carried out under section 145 of
the 2011 Act and in carrying out my examlnation I have followed all the applicable Dlrectlons given by the
Charity Commlsslon under section 14515llbl of the Act.
Independent examiner'5 Statement
I have completed my examination. I can confirm that no materSal matters have come to my attention in
onnection with the examination Eiving 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 financlal statements do not comply with the applicable requirements concerning the form and
content of financlal statements set out In the Charities IAccounts and Reports) Regulations 2008 other
than any requirement that the financlal statement5 give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concern5 and have come across no other matters in connection with the examination to whlch
attention should be drawn In this report in order to enable a proper understandlng of the financial
statements to be reached.
Mason & Co. ACCA
Mason & Co
6The Old Quarry
Nene Valley Business Park
Oundle
Peterborough
PE8 4HN
31 March 2024
Page 5

South Grove CtynmuDIty Assod*lon
Statement of finandol Actlvitles
lor the year ended 31 March 2024
Unrestrlcted
fund5 Totsl funds Total funds
2024
2024
2023
Income and end0vM￿ThtS
Charitable actfvities
Other
83,927
103
83.927
103
86.344
Total
84,030
84.030
86.367
Expendlture on:
Charltable actlvltles
Other
29,289
48,179
77,468
29,289
48,179
38,665
4L466
T¢>tal
77,468
80,131
Net galns on Investments
Net Income
6,562
6,562
6,236
Transfers between fvnd5
Net income before other
aIn￿(loSses)
6.562
6,562
6,236
Othergalns and losses
Net movement in funds
6,562
6.562
6.236
Reconclllatlon of funds:
Total funds brought forward
59.254
59.254
53.019
Total funds carrfed forward
65.816
65.816
59.255
Pa8e 6

South Grove Communlty Assodatlon
Balance Sheet
at 31 March 2024
Charlty No. 272798
2024
2023
Flxed assets
Tanglble assets
3,546
3,546
5,562
5,562
Current assels
Stocks
Cash at bank and In hand
io
I,oio
61,260
62.270
736
52,956
53.692
Credltors: Amount falllng due withln one year
Net Current assets
li
62.270
53.692
Total assets less current liabllllles
65.816
59,254
59,254
Net assets exdudlng penslon asset or Ilablllty
65,816
Totsl net assets
65,816
59,254
The funds of the charity
12
Restrfcted fvnds
Unrestrtrted fund5
General fvnds
12
65.816
59.254
65,816
59,254
Reserves
12
Totsl f￿d%
65,816
59,254
Approved by the trustees on 31 March 2024
And sl8ned on thelr behalf bv:
N. Thulboum
Twstee
31 March 2024
Page 7

South Grove Communlty Assoclatlon
Notes to the Account$
for the year ended 31 March 2024
l A¢¢ountlng pollcles
Basls of preparatlon
The financlal statements have been prepared in accordance with Statement of Recommended Practice:
Accounting and Reporting by Charitles preparlng their accounts In accordance wlth the Flnancial
Reportlng Standard applicable In the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the
Flnancial Reportlng Standard appllcable In the United Kingdom and Republic of Ireland IFRS 1021 and the
Charities Act 2011.
Change In basls of accountlng or to prevlous accounts
There has been no change to the accounting policies Ivaluatlon rules and method of accounting) since
last year and no changes have been made to accounts for prevlous years.
Ftsnd accountln8
Unrestricted funds These are available for use at the discretion of the trustees In furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestrlcted funds which include a revaluation resetve representlng the
restatement of Investment asset5 at their market values.
These are avallable for use subject to restrictions imposed by the donor or through
terms of an appeal.
Deslgnated funds
Revaluatlon funds
Restrlcted funds
Infome
Recognition of
income
Income is included in the Statement of Financial Activities ISOFAI when the charity
becomes entitled to, and virtually certain to receive, the Income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the Income and related expenditure Is
expenditure
reported gross in the SOFA.
Donations and
legacles
Voluntary income received by way of grants, donatlons and gift5 is included in the
the SOFA when receivable and only when the Charity has unconditional entitlement
to the income.
Tam reclalms on
Income from tax reclalms15 included In the SOFA at the same tlme as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in income Iwith an equivalent amount In expenditure)
and facilities
where the benefit to the Charity is reasonabty quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help reteived is not included In the accounts.
Investment income Thls Is Included In the accounts when recelvable.
Galnslllossesl on
This includes any gain or10ss resulting from revalulng Investments to market value
revaluation of fixed at the end of the year.
assets
Gains/llossesI on
Investment assels
This include5 any gain or loss on the sale of investments.
Page 8

South Grove Community Assoclation
Notes to the Accounts
Expenditure
Recognition of
expendlture
Expenditure is recognised on an accruals basls. Expenditure includes at)v VAT whlch
cannot be fully recovered, and is reported as part of the expendItu￿ to which It
relates.
Expenditure on
These comprlse the costs associated wlth attracting voluntary Income, fundraising
raising funds
tradlng costs and investment management costs.
Expenditure on
These tomprise the costs incurred by the Charity In the delivery of its actlvities and
charitable actlvltles services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expendit4Jre is accounted for on an actual pald basis plus an accrual for
8rant5 that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutlonal and statutory
requlrements of the Charity, including any auditlindependent examination fees,
costs Ilnked to the strateglc management of the Charity, together wlth a share of
other administration costs.
These are support costs not allocated to a partlcular activity.
Grants payable
Governance c05t5
Other expendilure
Taxatl¢n
The charitv 15 exempt from tax on its charltable artivitles.
Freehold Investment property
Investment propertie5 are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or1055es are taken to the Statement of Financial Actlvities as they
arise.
Stocks
Stock Is included at the lower of cost or net reallsable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willlng to pay for the item5 on the open market.
Trade and other debtors
Trade and othei debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade dlscounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly Ilquld investments with orlginal maturitie5 of three months or less and bank overdrafts.
In the statement of financial positlon, bank overdrafts are shown wlthln borrowing5 or current li3bilitie5.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other credltors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognlsed
where the charity has a present obligation resulting from a past event that will probably result In the
transfer of fvnds to a third party and the amount due to Settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowlng for any trade discounts due.
Page 9

South Grove Communlty Assoclatlon
Note5 to the Accounts
Research and development
Expenditure on research and development Is written off in the year In which it is incurred.
Forelgn Currencles
Monetary assets and Ilabllltles denomlnated In currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the funrtional currency of the charlty are recorded at the rate of
exchan8e on the date that the transaction occurred.
All exchange differences are are taken Into account in arriving al net Incomelexpenditure.
leased assets
Where the charlty enters Into a lease whlch entails taking substantially all the risks and rewards of
ownership of an asset, the lease Is treated as a finance lease.
Leases which do not transfer substantlally all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inceptlon of the lease or, If lower, at the present value of the minimum lease payments. The
corresponding Ilablllty to the lessor is Included In the balance sheet date as a flnance lease obligation.
Lease payments are apportioned between flnance expenses and reduction of the lease obligation so as to
achieve a constant rate of Interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualifyin8 assets, in which case they are
capitalised in accordance wlth the charity's polity on borrowing costs.
Assets held under finance leases are depretiated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight_llne basls over the lease term.
In the event that lease incentlves are recelved to enter into operating leases, such Incentives are
recognised a5 a Ilability. The aggregate benefit of Incentives is recognised as a reductlon of rental
expense on a straight-llne basis.
Penslon costs
The charSty operates a defSned contrlbution plan for its employees. A deflned tontrlbution plan is a
pension plan under which the charSty pays flxed contribution5 into a separate entlty. Once the
contributions have been paid the charity has no further payments obligations. The contribution5 are
recognised as expenses when they fall due. Amounts not paSd are shown in accruals in the balance sheet.
The assets of the plan are held separately from the charlty Sn Independently admlnistered funds.
Re¢elpt of donated goods, facllltles and servlces
All donated goods, facilities and services recelved are recognised within incoming resources and
expenditure at an estimate of the value to the charlty.
Page 10

sO￿h Grove Communlty Assoclatlon
Notes to the Accounts
2 Statement of Flnandal Acilvitle$- prlor year
Unre$trkted
lunds Total funds
2023
Income and endowments from:
Charitèbie artlvitses
Investments
86,344
23
86,344
23
Totsl
86.367
86.367
Expendlture on:
Charltable actlvitie5
38.665
41.466
38.665
41.466
Other
Totsl
80,ts1
80,131
Net Income
6.236
6,236
Plet Income before other
gainslllosses)
Other galns and losses:
Net mo¥ement in funds
6,236
6.236
6.236
6,236
Recondllatlon of funds:
Total funds brought fonvard
Total funds carried forwanl
53,019
53,019
59,255
59,255
3 Income from ch•rftable actl¥ltles
Unrestricted
Total
Total
2024
2023
General
46,735
8,050
29,142
46,735
8,050
29,142
43,378
18,062
20,539
4,365
86,344
83,927
83,927
4 Other Inmme
Unrestrlrted
Totsl
Total
2023
2024
103
103
23
103
103
23
Page 11

$￿th Grove Communlty A5$0d•tlon
Notes to the Accounts
S Expenthture on tharltable artlvlt1¢5
Unrestrlrtod
Totsl
2024
Total
2023
Expendlture on chorltoble
artfvltles
General
24.475
2,117
2,697
24,475
2,117
2,697
16.406
2,277
16,367
3,615
Governonce costs
29,289
29.289
38,665
6 Other eXpendI￿re
Unrestricthd
Total
2024
Totsl
1,924
15.682
1.924
15.682
Employee costs
Motor and travel costs
10.677
5.219
19,691
Premlses costs
Amort15ation, depreclatlon,
Impalrment, pr¢>fit/k>ss on
dlsposal of flxed a55ets
General administrative costs
23,882
23,882
3.869
3￿69
3.455
1,922
900
1.922
900
L824
600
Le8al and professional costs
48.179
48,179
41.466
7 Net Income before transfers
2024
2023
Thls Is stated after charging..
Depreclatlon of owned fixed assets
8 stsff ¢osts
3,869
3,455
2024
2023
10.677
10,677
Salarles and wages
15.237
15.237
No employee receFved emoluments In exce55 of Eff￿,000.
Page 12

S(Arth Grove Communlty Assodal
Notes to the Accounts
9 Tanglble fixed 155ets
Cost or re¥?luatlon
At l April 2023
Addltk)ns
At 31 March 2024
Depreclatk>n and
Impalrnient
At l Aprll 2023
Dep￿cIatIOn charge for the
2L162
L853
23.015
21,162
1.853
23.015
15,600
15,61KI
3￿69
3,869
At 31 March 2024
Net book vlues
19,469
19,469
At 31 March 2024
At 31 March 2023
10 Stocks
3.546
5.562
3,546
5.562
2024
2023
Raw materfals and consumables
I,oio
i.oio
736
736
Canyln8 value anatysed by artlvitles
2023
General
I,oio
I,oio
736
736
11 Credltors:
amounts frdlllt)g due withln one year
2024
2023
Accrua15
{ii
12 Movement In funds
Incomln8
resources
At31
March
2024
IlncludlTh8
other
At l Aprll galnsllosses
2023
Resour¢es
pended
Restrlcted funds:
Vnre5trlrted fund&.
General funds
59,254
84.030
177,468)
65,816
Totsl funds
59.254
84,030
{77,4681
65,816
Page 13

sO￿h Grove CommunItyAss￿l*tIOTr
Notes to the Accounts
13 Analys1$ of net assets between funds
Unrestrfcted
funds
Total
Flxed assets
Net current assets
3,546
62,270
65,816
3.546
62,270
65.816
14 Recondllatlon of net debt
At31
Marth
2024
At l Aprll
2023
Cash flows
Cash and cash equivalents
52,956
52,956
8,304
61,260
61,260
Net debt
51956
8.304
6L260
Page 14

South Grove Communlty Assodatlon
Iletslled Statement of Finan¢lal Actl¥ltles
for the year ended 31 March 2024
Vnrestrlrted
funds T￿*1 funds Total fvnds
2024
2024
2023
Income and endowments from:
Charltable actlvltles
General
46,735
8,050
29,142
46,735
8.050
29,142
43,378
18,062
20,539
4,365
86,344
83,927
83.927
Other
103
103
103
103
23
23
Total Income and endoMhents
84,030
84,030
86.367
Expenditure on:
Charltable actlvities
General
24,475
2,117
2.697
24,475
2.117
2,697
16,406
2,277
16,367
3.615
38.665
29,289
29.289
Total of expendlture on charltable
•ctl¥ltles
29,289
29,289
38,665
Other expendlture
1,924
1,924
1.924
1.924
Employee costs
Salarleslwages
Staff entertainment
15,237
445
15,237
445
10,677
15,682
15.682
10,677
S,219
5,219
Vehkles- General costs
Premises costs
Rent
951
Rates
Llght, heat and power
Premlses cleanlng
Premises repalrs and
maintenance
1.209
5,730
14.841
1.209
5,730
14,841
6,320
12,420
2,102
2,102
23.882
23,882
19.691
General administrative costs.
Indudlng depredatlon and
amortlsatlon
Page 15

South Grove Community Association
Delalled Statement of Flnandal A¢tl¥ltles
Depreciation of
General insurances
Postage and courlers
Subscrlptlons
ndryexpenses
Telephone, fax and broadband
3.869
877
546
3,869
877
3,455
546
336
172
327
172
327
5.791
5,791
5,279
Legal and profe55ional costs
Accounlancy and bookkeeping
9LK)
9(iJ
Total of expendlture of other ¢osts
Totsl expendlture
Net gain5 On inveslments
48,179
48,179
41.466
77A68
77.468
80.131
Net Income
6.562
6,562
6,236
Net Income belore other
8•lnslllosse51
Other Galns
6.562
6.562
6.236
Net movement In lunds
6562
6,562
6,236
Retondllatlon of funds:
Total funds brought forward
59,254
59,254
53,019
Totsl funds carrled forw
65,816
65,816
59,255
Page 16