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Tru¥tm' R•wrt Page 2
Prhxlp•l Addr•Molth•awfty. Northbrook Ro•d R••dli• 1¢fjpF R Stury• Jwo NT•y 4 8h•nd• R••dl RGXI JPIB Page 3
TRUSTEES REPORT FOA THE YEAR ENDED 31 ocfoBER 2023 The Trustees present their annual report together with the financial statements of the charty for the period 01 November 2022 to 31 October 2023 Constitution Constitution adoptod 29Juno 1%7 85 arnendod on 12 February 1976. 19January 1981. 25 February 1985, 20 January 1997 and 25 February 22. The ch8frty is an unincorporated association of members M•thod ol Appoinlm•nt or El•otion of TrugtM• Trustees are appointed annually at the Annual General Meeting or co-opied later in the year as necessary Addltional Gov•fnan¢• Imu Trustees are referred to their fesponsibilities 89 laid down ty the Charity Commisslon. Trainlng is made 8vailable wa Readingvoluntary Action as needed. Poilcl•• and ObltI¥ To promote the benefrt ofthe Inhabitants ofCaver3ham PafkWIUage and the suiTounding neighbourhood wrthout distinctlon of sex. $exual orieniation. race or of political, religious or oiheT opinions ty associating together the said inhabitagts and the local authorities. voluntary and other organi$8tions in a common effort to advance education and to providefacilllies in the interests of soclal welfare for recreation arKt leisure-time occupation with the object of improving conditions of lite tor the $8id inhabitants. To mainlain and manage the local community centre In furthefance of these objectwes Flnancial r•vi•w NolMithsl8ndin8 energy bills peaking- these levels will decline through a combination of more favourable tariffs and general Pfice adjustments- this has been a better year foi the charitywith the prewous deficit signif icantly reduced (provisional figures for 23124 maintain this trend). This Sald. it h83 been necessory to Implement Stringènt credlt coniroi and other •cormIeS to combat gTuéiing pressures on our cash.flow situation - our former reserves had been exhausted - and although overallthings are improving ihere are clear challenges lacing us in the months ahead. R•vi•w of activiti•• Our colleagues running the Caversham Park Village Social Club- a separate entity operating in our Milestone Centre bullding under licence from ourselves- have experienced similar financial woes to our own and once againwe have considefed It iustified to support their activities both physically and financially. This assistance has enabled them to continue to offer social facilities for the benefit of the community on an ongoing basis. It Is encoufaging to note thatthe sporting groups linked to the membership of ourcharity are stillv4ell patronised vthilst our room hire operation boasts a diverse range of customers and activrties. including line dancing. fitness sessions for young and old, foreign language classes and bookings on religious and various educational themes. It is rewarding also to see the local youth club still attending regularly whilst the Drama club goes from strength to strength. Page 4
Refurblshm•ntlMainl•nance Work Unsurprisingly in view of our financial position it has been necessaryio place specific improvement projects- e.g. newboilers, lightlngupdates. general ssgn8ge. refurblshment of our Sports Hall- on the back burner. However. essential repairs and routlne maintenance have still been carried out but with a forensic examination ol the costs IrNolved'. we have been grateful on nunierous occaslons to utillse the indmdual skills of our Members who willlngiy v40rk pro-bono or for a modest payment. The Futur•- 2024 onwarda The charity has recently been placed on ir•quiry status due to rts failure to present yearly accounts on time (now rectlfied by thls submisslon) and again we must apologise for the delay in not meeting these accounting requirements. Most regrettably, the Trustees have been guilty of taking their eyes off the ball - albeit there Wgfe. we genulnely believe, mitl8ating clrcumstances as advised earller- hovver, no excuses. 8nd vrfe wcwld ask you now to accept our Sincere 8SSUfance that our eyes arè now flrmly back on the bèll and ihat ¥ve afe fully concentrated on our responsibllitiès. The measures have taken - and are taking- to ensure there is no recurrence ofour earlier shortcomings. are comprehensive and Include the involvement of professlonal accountants. recruitmentgl a staff memberwlth an in-depth knowledge of local procedures. obtaining the services of an IT savant and a training programme forour oflicers. In addition. our social medla presence has been enhanced and our general communication channels extended. Whilst naturally are pleased at thlngs are clearty belng changed for the better. the Trusiees are acutely aware Ihat there Is no room for eomplacency whatsoever and fully recognlse that our renewed commltment must nol f81ter. We are truly embarrassed at our past deflclencles and are determined there witi bè no repeat. TRUSTEES REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 This report was approved by the TNstees on 21 November 2024 and signed on their behalf by.. Page 5
kAVERSHAM PARK VILLAGE ASSOCtATICY4 INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 0BER 2023 ldePendt examiner's report to the Tfustees ol coversh Park Villa¢e AsyKi•tbon lthe'¢h•rlrfl I report to the ch•rity Trustees on my examin•ts"on of the •ccounts of the ch•rity lor the year efmled 31 ottober 2023. Responslbilltles and basis ol report As the Trustees of the chaTIty voy are respongble for the prep•r•tion of the aOunts in accordance wrth the reouirements of the Charities Act 20111.the 2011 Att l. I report In resoert ol my examination ol the accovftts c•med out undef sert+o 145 of the 2011 Aci ond In Carryin¥ Qbt rp.v examinabon I have followed oll the ?pplic4bie Dire£tKins Kiven by the Ctyarity Comrn15510n under sertiofj 14515llbl ol tbe 2011 Act. ' Independent ex•mlner's st•tement Your Jttention dr•wn to the l•ct that the chjrty ha5 prep•red tbe Kcounts In •ccordaftce with Accountini •nd Reportini by Charitles". Statement of Recommended Prnrte •ppllc•bbe to ch•dties orep•rini ththr 4ccounts accord•nce wltb the, Finoncial Reportin¥ Standard applK•ble In th¢ UK ino R¢publK of Ireland IFRS 1021 In preference to the Atcountini and ftepoiting by Ch•lltits. Statement ol Recommtnde¢ PrKiioe issued on l April 2LMJ5 whlch is relerrtd to In the eiunt feiulitions but hos been withdrown. l understand that this h•5 been dgne in Ofder fof the accounts to Pfovlde a true Ind lalr ¥mY In Jc<bfd•nce wrth the Genef•lly k¢eDteJ A¢countlni Pr•rtt efftrti¥ for reportin¢ oerlods beeinninl on Of •ftf i J•ny•iw 2015. I h•¥e cornpleted my e•rnin•tion I c•n conh.rm thit no mittefs h•ve coffle to ffly •ttention in connertlon wrth thé ex•min•tiOn me c•vse to beIVe th•t in •fty rn•ten•l respert" l. •ccountSng record5 were not kept In respett of tthe ch•rlty •$ requi<d bv sertlon IJO olihe 2011 Act. Of 2. the •¢counts do not 4<cord with those records, o 3. the •ccounts do not cofflpt¥ wrth the •pplc•ble requ1MentS concemini the forni •nd <ontent gf ¥c¢wnts srt out in the Charities IAccounts Jnd Rtportsl Rewlati5 2ty)8 olhef th•n •ny rewirement th•t the •ccoynts Wve a 'tfue •nd fair ¥W wh¥ch Is not • rnattei constyaereo •s p•rt of •ft Independent eJL•min•Von. I h•ve no concerns ard have come across Tro ettyef mattefs In connectTh with the ex•rnifi•tiofi to whKh Ittenttt should be dr•wn in thi5 fepcrt In order lo er•ble • proper underst•ndini of the Kcount5 to be reached SIKned" D•ted 214 November 2024 D J Edward5 26 le• Close. 5ovthcote. Reldln RG30 3N8. Page 6
9,236 24yiI Y).923 6J oitr hKome IlnLAdes Swsh Tokens) •,417 7.6 prtrrtlrrf & Statirnv L5ffl L154.¢ Lht & He W•¢v R•l•¥ •)A42 22.Y8.CQ 5A16 2m&fX) L232.Q) L963.LlJ IL3671 U)75. 6A¢3. 2Jn 36.41LQI 29.781. 441 911 4381 2J61.LlJ Stff S 343 34535. 145 417 L497 Debi smi 1416791 Page 7
FLWI ThEYEAR BIDED JIOCfOBER >) 97? 97,639.C 228.647.fA & Reue•tbOfth 53.317.(X 53317.rJ) & Flitk S.9) 317 C4sh ai B•nk and In Ilw 17An 6775 36 64322 36m7 lJ167 4QX117 TOTAL FINI(S Page 8
Kln¢dom hd Republkol Ireland IFRS 1021 16)uty 2015 and Ihe Repor"w StarKlard •pp1k•t kn the Llhltsd Kkni¢lom •nd Rywbrof Ir•laThl IFR$ 1021 •rnl Ch•rttyesxi 201L L02 JI Inrne ts re(415d onte thechth htsenth to th• In[•. It15 wob•ble that the In(A)me Ey4endlture h recoefi once11(• a It(f or ¢ryolvuth oblthath)n to transfer ec1 benefit to i ItArd rty, it 15 woblble Ih•t • rr•nsler ol e(oMmk btntfft wlll b¢ rryJired kn lettlet and arnoum ol ore valued at 4mouni prep•hJ net of ny trade di5copJnts Page 9
Im •t B•nk•nd In H•nd alxlitw I rectygnised ¥then thve 4$ •n atthe O•l•KeSheetd•te as • rnyjlt of• 1 it15 debt orthe •rnryJnt It has recei¥d •5 th•ed payrnonts of the i(bod ry ser¥ices it MI1 prowoe. Pro¥rygo 4re me•sured atthe best estimate of the arnounts required to sttbe the owiytiw. wre theellert ultr¢in¢ WIth int•r•st pwbl• •nd ¥rnllw dwry% nnd•l Instrurnents Irt knllllly r¢tOld It tr•rtsrtkn v•lue thow11Me•rQd it theor setlbthment Interest method. LIO P•rrfns p•yble ty Ihe Chwlty 10 fund kn respea oltr r. Lll Fumd the iener•l •bJt(tsws ofth• Ch•nty •Thd hm nol b•w fpr0th•VP Restrktrd fvrtds •r• lundsth•i to be u%eO In •c£ord•nc• sp•ufic r•rtrkIi lrnwsed dovw or th•t bleh 1+ byth+ Ch4th IN Th• (ostsol •Th1 •dmlnlnrtw¥ gxh lund54rn Page 10
2 NEf IIKLWE 2022 L497 & Flthy To 379.ÉOJ 14392 103.995 Al 01 Chary• for th• Y••r At al Ortobw 2022 1.497 1.197 IN 14IX12 N•t •(wJk ¥•A• At 31 October 2023 5,9XI 315,593 37903 7887 387mJ 4 DEBT(XIS 45 C•wrsharn pa 47JJY 36,675 5 aiELMTQR5 3241 ¢937 732 Payrdl & L9 17363 24974 37N7 Page 11
B•dminMn 31 510 993 10,649 rjder Generatiorb aub Oeguest Squash Table Tenhis L146 622 399 11867 13,598 7 TOTAL FUN 8•14nte •tOI No*mber 2022 412A46 Totsl Iwn• 99.811 10gA17 17.511 17.5 Totsl ExpeThlitur• 107JJ5 119J71 L496 L496 4)9.733 421H P•8e 12