STAPL￿oN AND BEGBROOK commuN￿y A￿OcIATIoN 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 ____________________________________________________________________________ ## Page 1. Trustees’ responsibilities statement and approval of accounts 2. Income and expenditure account 3. Balance sheet 4. – 7. Notes to the financial statements STAPLETON AND BEGBROOK COMMUNITY ASSOCIATION TRUSTEES’ RESPONSIBILITIES STATEMENT AND APPROVAL OF ACCOUNTS Page 1 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||