2024-03-31-accounts - Stapleton/begbrook Community Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

STAPLoN AND BEGBROOK commuNy AOcIATIoN FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

NOTE: ALL FIGURES EXCLUDE VAT

STAPLETON AND BEGBROOK COMMUNITY ASSOCIATION

INDEX TO STATEMENT OF ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

Trustees’ Responsibilities for the accounts

Under the Association Constitution the Trustees are required to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Association and of the surplus or shortfall of income over expenditure for the period. In preparing the accounts the Trustees should:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume the Association will continue in business.

The Trustees are responsible for keeping proper accounting records, for safeguarding the assets of the Association and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval of Accounts

On behalf of the Trustees, we approve the attached accounts on pages 2 to 7 and confirm that all relevant records and information have been made available for their preparation:

Chairman

……………………………………………

Trustee

……………………………………………

Dated: …………………………

STAPLETON AND BEGBROOK COMMUNITY ASSOCIATION

Page 2

INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

£ Income Income from events and groups Social Club Rent - Contributions 21,686 _ 21,686 Bank interest received 1,892 Grants - _ 1,892 Less:Expenditure Rent, rates, light and heat (note 1) 10,787 Repairs and renewals 2,927 Security maintenance rental and cash collection - Insurance 4,483 Advertising, stationery and telephone (note 2) 2,295 Sundry expenses (note 3) 4,798 Equipment rental 5,939 Accountancy and bookkeeping fees 800 Depreciation: Fixtures and fittings (note 4) 2,297 Impairment costs: Lease (note 4) 1,065 _ Surplus/(deficit)	2024 £ 11,958 _ 23,578 _ 35,536 _ (35,391) _ £145 _	2023 £ 10,206 _ - 32,919 _ 32,919 452 - _ 452 _ 33,371 _ 43,577 _ 10,821 12,215 - 4,309 2,296 3,771 5,473 850 2,703 1,065 _ (43,503) _ £ 74 _

STAPLETON AND BEGBROOK COMMUNITY ASSOCIATION

BALANCE SHEET AT 31 MARCH 2024			Page 3

FIXED ASSETS CURRENT ASSETS Debtors Bank current account Business reserve account CURRENT LIABILITIES Creditors and accruals NET CURRENT ASSETS/(LIABILITIES) TOATAL ASSETS/(LIABILITIES) FINANCED BY ASSOCIATION RESERVES Balance brought forward (Deficit)/Surplus for the year Carried forward	Note £ 5 6 19,132 3,746 92,783 _ 115,661 _ 7 (2,576) _	2024 2023 £ £ 351,562 354,924 _ 1,711 18,113 90,892 _ 110,716 _ (1,138) _ 113,085 109,578 _ _ £ 464,647 £ 464,502 _ _ 464,502 464,428 145 74 _ _ £ 446,647 £ 464,502 _ _

STAPLETON AND BEGBROOK COMMUNITY ASSOCIATION

NOTES TO THE ACCOUNTS

Page 4

FOR THE YEAR ENDED 31 MARCH 2024

1. Rent, rates, heat and light

Rates payable to Bristol Council Water rates payable for the year Electricity 2. Advertising, stationery and phone Bingo books Onecom Frenchay News 3. Sundry expenses Refuse collection and cleaning materials Licences and association fees Pest control Sundry items	2024 £ 1,792 1,533 7,462 _ £ 10,787 _ £ 147 1,898 250 _ £ 2,295 _ £ 2,415 1,973 280 130 _ £ 4,798 _	2023 £ 2,405 1,069 7,347 _ £ 10,821 _ £ 391 1,665 240 _ £ 2,296 _ £ 1,711 1,850 210 - _ £ 3,771 _

4. Depreciation

Depreciation is calculated by the reducing balance method in order to write off the cost of wasting assets over their expected useful lives. The rate applied is 15% per annum.

Impairment costs are calculated in order to write off the costs of the lease premium over the lease term.

STAPLETON AND BEGBROOK COMMUNITY ASSOCIATION

NOTES TO THE ACCOUNTS

Page 5

FOR THE YEAR ENDED 31 MARCH 2024

5. 6.	Fixed Assets Cost At 31 March 2022 Additions At 31 March 2023 Depreciation & impairment At 31 March 2022 Charge for year Impairment costs At 31 March 2023 Net Book Value At 31 March 2024 At 31 March 2023 Debtors and prepayments Debtors VAT Other debtors Payments in advance: Insurance Alarm rental & maintenance	Fixtures, fittings & equipment £ 194,140 - _ 194,140 _ 178,824 2,297 - _ 181,121 _ 13,019 _ 15,316 _	Centre Lease building premium £ £ 289,433 80,000 - - _ _ 289,433 80,000 _ _ - 29,825 - - - 1,065 _ _ - 30,890 _ _ 289,433 49,110 _ _ 289,433 50,175 _ _ 2024 £ - 18,000 1,132 - _ £ 19,132 £ _______	Total £ 563,573 - _ 563,573 _ 208,649 2,297 1,065 _ 212,011 _ 351,562 _ 354,924 _ 2023 £ 503 - 1,047 501 _ 2,051 ___

NOTES TO THE ACCOUNTS

Page 6

STAPLETON AND BEGBROOK COMMUNITY ASSOCIATION

FOR THE YEAR ENDED 31 MARCH 2024

7. Creditors and accruals

Rates Electricity Accountancy fees accrued and unpaid Refuse VAT	£	2024 £ - 706 1,400 257 213 _ 2,576 __	£	2023 £ - 538 600 - - _ 1,138 __

STAPLETON AND BEGBROOK COMMUNITY ASSOCIATION

FURTHER INFORMATION

Page 7

FOR THE YEAR ENDED 31 MARCH 2024

Speaker Cordless Telephone Pothole repairs Tarmac and Gutter sealer Batteries Keys Cut Keys Cut Bulbs For Hall Glasses and straws Camera Signs Tree Cutting Decorations B&M Retail Ltd - Decorations Furniture feet Light Bulbs Vacuum Cleaner Locks and handles TSR SERVICES Cellar Cooling Repairs Space Heaters Door stops/Door Stays Outdoor Christmas Lights Roof Repair Sovereign Fire & Security Alarm Maintenance WACR General repair		2024 96 46 245 44 6 15 73 10 6 6 400 13 22 4 10 20 39 163 92 51 102 490 501 400 72
	2,927