THE FIRST HERNE BAY OVER 60.$ CLUB {Charity Commission Number 275725} Trustees. Re ort and Financial Statoments for the year ended 31st July 2024 Mccaba Ford Williams Chartered Accountants 2 The Llnks HERNE BAY CT6 7GQ
THE FIRST HERNE BAY OVER 60's CLUB {CharSty Commisslon Number 27572S) INDEX Trustees. Report Independent Examiners, Report Statement of Financial Activities Balance Sheet Notes lo tha Financial Statements
THE FIRST HERNE BAY OVER 60's CLUB (Charity Commlsslon Number 2757251 Annual Report of the Trustees for the year ond8d 31st July 2024 The Trustees are pleased to presenl their report together with the financial statements of the charity for the year ended 31st ju 2024. Referen and adminlstrative d Prin Pettman House, William Street, Heme Bay CT6 5NY Inde endent Examiner Leigh Jones FCCA Mccabe Ford Williams, 2 The Links, Heme Bay CT6 7GQ Investment Advlsers Coutt8 & Co, 440 Strand Street, London WC2R OQS Trustees Chairperson Mr R Hannaford Apwinled April 2016 Twsurer Mrs J Hannaford Aproinled September 2010 Sretary Mrs P Pettifer Appointed February 2011 Structure overnance and mana èmènt The charity is governed by a trust deed dated 3rd February 1978. Trustees wf(h suitable expertise are recruited to assist the existing trustees. Training is promded where necessary. How our actlvllles dellver ubllc benefit Our main acliv(ties and who we help are described below. All our charitable 8ctivf(ies focus on the needs of residents over 60 years of age by providing a meeting place, support and Sla1 actmiies, and are vn(Jertaken to further our charitable purposes for the public benefit. 'ectives and xtiviti The main objectives of the charity are to provide a meets.ng place and to promote the welfare of all Heme Bay residents who are over 60 years of age. A¢hievements and erfomanee In addition lo providing a meeting place in the centre of Hern8 Bay. a well attended Christmas Lunch was held al the Thanet Indoor Bowls Club as well as a Fish and Chips social in the SUTNmer. Financlal ¥evlew The charity aims to maintain its investment base at a sufficient Ve1 to coverthe day-to-day running eosts. The trustees present the accounts for the finaneial year ended 31$1 July 2024 in compliance with statutory requirements, including section 17 of the Charrties Ad 2011 to have due regard to public benefit guidance published by the Charity Commission. Approved by the Trustees on 28 October 2024 Mr R Hannaford - Chairpetson on behalf of the Trustees
THE FIRST HERNE BAY OVER 60's CLUB (Charity Commission Number 2757251 INDEPENDENT EXAMINERS. UNQUALIFIED REPORT FOR THE YEAR ENDED 31 ST JULY 2024 I report lo the trustees on my examination of the accounts of The First Heme Bay Over 60's Club Ilhe Trust} for the year ended 31st Juty 2024. vthich are sel out on pages 310 6. RespoTrslbllitieg and bas[$ of r&port As the ¢hority trustees of the Trust you are responsible for the preparat of the accounts in a¢cordance V(h the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Trustee's accounts carriad out under section 145 of 2011 Act and in carrwn9 Olrt my examination S have followed all the applicab Directions gNen by the Charty Commission under section 145151{bl of the 2011 Acl. Independent examinerfs statement I have wmpleled my examination. I confimi that no material matters have come lo my attention in connection wth the examinalKJn giving me cause lo believe that in any material respect.. counting records were not kept in respect of the Trust as required by seCtn 130 of the Act", or the accounts do not accord with those records.. or the accounts do not comply wth the applicable requirements conceming the fom and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair VI which is not a matter considered as part of an independent examinatDn. 12} 131 I have no conceffls and have come &ross no other matters in connection wrth the examination to which attention should te drawn in this rewrt in Ofder lo enable a proper understanding of the aeeounts to be reached. Leigh Jones FCCA Mccabe Ford Williams Charted Accounlanls 2 The Links HERNE BAY Kent CT6 7GQ 28th October 2024
THE FIRST HERNE BAY OVER 60's CLUB {Charity Commlsslon Number 2767261 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2024 R•strfct•d Funds Unrostrlctsd Funds Totsl 2024 Total 2023 INCOME FROM". Voluntary Donations Charitabla activiti05 SubriptIOns Other trading actlvltlos Refreshments Bingo Mini sales 7,323 7.323 6.195 752 752 709 4,567 4.567 4,681 373 4,940 373 5,256 Investments Diwdends Bank interest 15,601 199 15,800 15,601 199 15,800 10,218 10,326 Totsl In¢om8 28,815 28.815 22,486 EXPENDITURE ON: Raising funds Refreshments Entertainment Inveslmenl managemenl fees 876 424 2,762 4,(2 876 424 2,762 4,062 1,806 1.258 2.684 5,748 Charltable actlvltles Donations Light and heat Water rates Rates Repairs Cleaning Insuran Telephone Pnnling, stationery and adveth'sing Sundries Depreciation 6,377 1,289 202 6,997 3.174 2.808 438 513 2,293 930 25,865 6.377 1,289 202 6,997 3,174 2,808 438 513 2,293 930 25,865 8,892 1,267 415 2,458 2,577 1,028 1,332 1,165 22,276 Management and administration Independent examination Total Payments 2,030 31.957 2.030 31,957 1,980 30,004 Net incomelldeficitl Gainslllossl on Investments MOVEMENT IN FUNDS Total funds brought fOard 13,1421 41.550 38,408 827,609 13,1421 41 $50 38,408 827,609 {7.,518} 3,771 {11,289 838,898 Total funds carried forward £866,017 £866.017 £827,609
THE FIRST HERNE BAY OVER 60's CLUB (Charity Commisglon Number 2757251 BALANCE SHEET AS AT 31ST JULY 2024 Note 2024 2023 Frxed as8•ts Tangible assets Total flx8d assets 316,914 316,914 317,844 317,844 Current assets Stock Deblo¥s Investments Cash al bank and in hand Total Current assets Llabllities Creditors.. Amounts falling due wlhin one year for the year ended 31 st July 2024 Net current assets 189 86 767 473,784 36,828 511,465 512,572 36,870 550,853 11,7501 11,7C()I 549.103 509,765 Total assets less current Ilabllltles 866,017 827.609 Creditors. Amounts falling due after more than one year TOTAL NET ASSETS £866,017 £827,609 Th8 funds ofthe charity Restricted income funds unreStrted funds 866,017 827,609 TOTAL CHARITY FUNDS £866,017 £827,609 SKJned on behaW of the Trustees Mts J Hannaford Trnasurgr Mr R Hannaford Chairperson Approved by the Trustees on 28 October 2024
THE FIRST HERNE BAY OVER 60's CLUB (Charity Comml$slon Numbor 2757251 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 1 ACCOUNTING POUCIES {81 Generdl infom)ation and basis of preparation The charty constitutes a public benefit enlily as defined by FRS102. The financial stements are prepared on a going concern basis under the historical cost convention, mOdrfd to include investments al market value. The financial slalemenls are presented in sterting. The financial slalements have been prepared in accordance wf(h Accounting and Reporting ty Charities.. Sialement of Recommended PWi¢e applicable lo charities preparing their accounts in accordance wrth the Financial Reporting Standard applicab in th8 UK and Republic of Ireland IFRS 1021 issued on 16th July 2014 and Charities Act 2011. Assets and liabilf(ies are inilialty recognised al historical cost ortransaction value unless otheiS8 stated in the relevant notes to these accounts. Ibl Incoming resour8 olunla incom Voluntary income is received by way of legacies, donions, grfts, and special furKI- raising events and is included in the financial statements on a receipts basis. lil) Investments Investments are slated at market value in the Statement of Assets. Dividends and bank interest are included upon receipt. Investment assets are stated al mathel value", any unrealised gains or losses are tsken lo tho accumulaied ftjnd in the year in which the gailOSS arises. {cl Resources expended All expenditure is accounted for on a payments basis and has been classified under headings that aggregate all costs related lo the category. Idl Tangible fixed assets Tangible fixed assets costing more than £100 are Capitalis and included al cost. Depreciation is Cakulated on the reducing balance method al such rates as lo wrtie off the assets over their estimat useful lives al 200A per annum. lel Freehold propety Freehold propety is shown al cost lfj Stocks Stocks have been valued al tho lower of cost and net wlisable value. Items donated for resale are not included in the financ1 slalernenls until they are sold. Igl Restricted resepies Designation of mOnS lo restricted reserves is made either on requirement of the fund provider or tr) Isolate donations or grants made for specrfic purposes. Designation of monies lo unreslricled reserves is made either for promsion for anticipated expendrture e.g. building repairs, or lo build a fund lor future devdopments. Ihl Irrffovgrable VAT Irr0ver0b1e VAT is allOted to the expense on which rt was incurred.
THE FIRST HERNE BAY OVER 60.5 CLUB (Charlty Commission Number 275725} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 2 FIXED ASSETS Fmhold Property Equlpment Total COST Al 1s1 Augusl 2023 Add'On$ At 31st Juty 2024 313,184 41,445 354,629 313,184 41,445 354,629 DEPRECIATION At 1st Augusl 2023 Charge for the year At 31st July 2024 36,785 930 37,715 36.785 930 37,715 NET BOOK VALUE At 31st July 2024 At 31st July 2023 £313.184 £313.184 £3,730 £316,914 £4,660 £317. INVESThIENTS 2024 2023 MARKET VALUE At 1st August 2023 Increaselldecrease) in value Management fees At 31st July 2024 473,784 480,239 41,550 {3,7711 2,762 2,684 £512.672 £473,784 RESERVES Restrictsd Unrestricted At 1st August 2023 Incoming resourses Resourses expended At 31st July 2024 827,609 28.815 9,593 £866.017