Charity number: 276738
VICARAGE FARM COMMUNITY ASSOCIATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

VICARAGE FARM COMMUNrrY ASSOCIATION
CONTENTS
Page
Reference and administrative details of the charity, its trustees and advlsers
Trustees. report
Independent examinerfs report
Statement of flnan¢ial activities
Balance sheet
Notes to the financial statements
9-16

VICARAGE FARM COMMUNITY ASSOCIATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Trust¢eslCommittee
J Jones. Chairman {appointed 4 January 20251
P Hooper. Chairman Ideceased 4 January 20251
J Murphy
R Weslerberg
A J Ashton
A Ashton
G Rodgers
T Goosey
H Gilbrook
J Aldridge
Kmdridge
M O'Regan
L Jones
L Johnson (appointed 18 September 20221
Charity rpgistgred number
276738
Principal offic
The Community Centre. Grafton Close. Wellingborough. Northants, NN8 SWA
A¢¢ountsnts
MHA, Century House, The Lake5, Northampton. NN4 7HD
Bankers
HSBC Bank Plc, 47 Market Street, Wellingborough. Northants. NN8 1AE
Page 1

VICARAGE FARM COMMUNITY ASSOCIATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2022
The Trustees present their annual report together with the financial statements of the Charity for the 1 October
202110 30 September 2022. The Trustees Confirm that the Annual report and financial statements of
the charity comply with the current slatulory requirements. the requirements of the charity's governing document
and the provisions of the Statement of Recommended Practice (SORPI "Accounting and Reporting by Charities"
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS1021 {effeclive 1 January 20191.
Objectlves and Activities
. POLICIES AND OBJECTIVES
To promote and benefit the inhabitants of our calchmenls area without distinction of sex. political.
religious or other opinion$, by associating with the local authorities, voluntary organisations and
inhabilanls in a common effort lo advance education and social welfare for recreation and leisure time.
b. GRANT MAKING POLICIES
The policy of the Trustees is not to make grants to individuals or lo other charities.
c. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT
The Trustees of Vicarage Farm Community Ass(xialion accepts the need to have regard to the Charity
Commission's guidance on public benefit. They recognise that it is their responsibility lo ensure that the
benefits offered by the charity are realised by promoting the Charity within the county. The aim is sel out
in the Report of the Trustees. The organisalion believes in being fair, open and inclusive.
Achievements and perfomiance
. FINANCIAL REVIEW
Thefe was a surplus foi the period amounting lo £13,39012021-. £15,476).
Unreslricled funds at 30 September 2022 amounted to £407,53312021'. £394.143).
The Trustees are monitoring the finan￿$ of the charity. and prepare an annual forecast whth is compared lo
actual income and expenditure at a monthly review.
b. REVIEW OF ACTIVITIES
We continue lo engage with local groups, voluntary organisalions and charities lo provide space for one-off
events, regular meel-ups and more. We actively host fundraising efforts and promote via our eVer￿rowIng social
media presence.. we have been very successful this past year with not only financial contributions but vast
physical donations by our patrons to the local focmj bank. We will continue these efforts along with supportsng
other local charities.
We have set out capital expenditure plans for improvements lo the building over the next couple of year, such as
the roof, heating systems, energy efficient changes and decor,. all lo ensure that the centre remains in good
stead for future use. We will of course remain commilled to a sensible spend polw and will be monitoring our
cash flow carefully.
Page 2

VICARAGE FARM COMMUNITY ASSOCIATION
TRUSTEES. REPORT leontinuedl
FOR THE YEAR ENDED 30 SEPTEMBER 2022
e. INVESTMENT POLICY AND PERFORMANCE
The TNstees keep an appropriate level of working capital in the bank current account, with balances
not needed for immediate use going into a high interest a¢wunt lo provide reserve working capital or
to be used for future projects.
The Trustees have considered the most appropriate policy for investing the funds available lo theln,
and consider that this best suits the Association's situation.
Financial review
. GOING CONCERN
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate
resources lo continue in operational existence for the foieseeable future. For this reason they continue lo adopt
the going concern basis in preparing the financial 51atemenls. Further details regarding the adoption of the going
concern basis can be found in the Accountsng Policies.
The financial stslemenls have been prepared on a going concern basis. The Trustees have considered relevant
information, including the annual budget, forecast future cash flows and the impact of subsequent events in
making their assessment.
The Trustees have not idenkn'fied any material uncertainties that may cast significant doubt about the
ability of the charitable company to continue as a going concern. The charities business activities,
together with the factors likely together wrth long temi contracts for the social club.
Based on these assessments and having regard lo the resources available to the charity, the Trustees have
concluded that there is no material uneertainly and that they can continue to adopt the going concein basi5 in
preparing the annual report and accounts.
b. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY PURPOSES FOR THE PUBLC BENEFIT
The Trustees have considered the Charity Commission's requirement in respect of Public Benefit. In their view
the Charity meets, in full, the criteria to satisfy the test. In particular, in planning future activities of the
organisalion, the Trustees consKler how planned actrvilies will contribute lo the aims and objectwes they have
sel.
Structures governance and management
. CONSTITUTION
Vicarage Farm Community Associatron is registered with the Charity Commissioners- number
276738. The Association is administered in accordance with ils trust deed and the objeels set out
below.
The association is established under 8 constitution approved in 1977 and is governed by Trustees
elected by ils members.
The charitable and club aclwities of the Association were separated by the creation of Gleneagles
Social Club in 1993.
Page 3

VICARAGE FARM COMMUNITY ASSOCIATION
TRUSTEES. REPORT (¢ontinuedl
FOR THE YEAR ENDED 30 SEPTEMBER 2022
b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the charity is the responsibility of the Trustees who are elected and coopted under the
terms of the Trust deed.
¢. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES
There is no formal training programme for Trustees. The Trustees have wide experience and most
have many years, service as Tiuslees.
d. ORGANISATIONAL STRUCTURE AND DECISION MAKING
To promote and benefit the inhabilanls of our eatchmenls area without distinction of sex, polibcal, religious or
other opinions, by associating with the local aulhorilies, voluntary organisalions and inhabitants in a common
effort lo advance education and social welfare for recreation and leisure time.Any adult living in the catchment
area Icentred on the Vicarage Farm and Glene2gles areas of Wellingborough) has a right lo become a member.
The managing Trustees are elected at the association's AGM for one year. The members attending the AGM
vole them onto the committee individually. Foundation Trustees are elected by the members for an indefinite
period unts'l resignation or removal.
The Trustees meet monthly to consider management and strategic issues related lo the Vi¢arage Farm
Community Association.
e. RISK MANAGEMENT
The Tnjslees have considered the risks which face Vicarage Farm Community Association and particularly its
inoome St￿arnS. The Trustees reconsider these matters periodically.
These considerations have led the Trustees to place importance on the expansion of the free reserves available
to Vicarage Farm Community Association when this Is possible.
We are aware that the premises are loeated on leasehold land with 61 years remaining on the lease. We are
therefore invesligalin9 the possibilty of purchasing the land.
The charity has insurance cover for its piopety and for legal liabilities normally associated with ils operations.
The charity rewgnises ils legal and moral duty to minimise personal risk lo ils users, staff and members of the
PLtblic and regularly reviews ils policies.
Page 4

VICARAGE FARM COMMUNITY ASSOCIATION
TRUSTEES. REPORT {continuedl
FOR THE YEAR ENDED 30 SEPTEMBER 2022
TRUSTEES. RESPONSIBILITIES STATEMENT
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance wth
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Praclieel.
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial year which give a true and fair view of the stale of affairs of the ch8rity and ol the incoming
resources and application of resources of the charity foi that period. In preparing these financial statements, the
Trustees are required to..
select suitable accounting policies and then apply them consistentty,.
observe the methods and principles in the Charities SORP.,
make judgments and accounting eslimales that are reasonable and prudent,.
prepare the financial slalemenls on the going concern basis unless il Is inappropriate lo presume that the
charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient lo show and explain the
charity's Iransactior¢s and disclose with reasonable accuracy at any time the financial p0511ion ol the charity and
enable them lo ensure that the financial slalemenls comply with the Charities Act 2011, the Charity (Accounts
and Reports} Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding
the assets of the charity and hence for taking reasonable steps for the prevention and deleetK)n of fraud and
other irregularities.
This report was approved by the Trustees. on28lrf2o<and signed on their behalf by..
JJon
rman
Page 5

VICARAGE FARM COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2022
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VICARAGE FARM COMMUNITY
ASSOCIATION {the 'charlty'l
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 30
September 2022.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the
quirements of the Charities Act 20111'lhe 2011 Acl'l.
I report in respeel of my examination of the charity's accounts Carried out under section 145 of the 2011 Act and
in carying out my examination I have followed all the applicable Direelions given by the Charity Commission
under section 14515)Ibl of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Pract￿￿ applieable lo eh8rilies preparing their accounts
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in
p￿ference lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April
2005 which is referred lo in the extant regulations but has been withdrawn.
l understsnd Ih8t this has been done in order for the accounts to provide a true and fair view in aeeordanee with
the Generally Accepted Accounting Practice effective for reporting perlods beginning on or after 1 January 2015.
I have completed my examination. I can confirm that no matters have come lo my attention in connection bmlh
the examination giving me cause lo believe that in any material respect..
accounting records were not kept in ￿pect of the charity as required by section 130 of the 2011 Act,. or
the accounts do not accord with those records." or
the accounts do not comply with the applicable requirements Con￿rning the form and content of
accounts set out in the Charib'es (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a Irue and fair, view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connecb'on with the examination lo which
attention should be drawn in this report in orde¥ lo enable a proper understanding of the accounts lo be reached.
Signed..
Dated.. 16 May 2025
Rebecca Hughes Bsc (Horisl FCCA
MHA
Chartered Accountants
Century House
The Lakes
Northampton
NN4 7HD
Page 6

VICARAGE FARM COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Unrestrlcted
funds
2022
Totsl
funds
2022
Total
funds
2021
Note
INCOME FROM:
Donations & legacies.
Hire of hall
Meat raffle
Other donations and legacies
10,144
2,482
18,416
10,144
2,482
18,416
8,688
177
17,332
TOTAL INCOME
31,042
31,042
26.197
EXPENDITURE ON:
Charitable activities
17,652
17,652
10,721
TOTAL EXPENOITURE
17,652
17,652
10,721
NET INCOME BEFORE OTHER RECOGNISED GAINS AND
LOSSES
NET MOVEMENT IN FUNDS
13,390
13,390
13,390
13,390
15,476
15,476
RECONCILIATION OF FUNDS".
Total fL*nds brought fotward
394,143
394,143
378,667
407.533
407.533
394,143
TOTAL FUNDS CARRIED FORWARD
The notes on page$ 9 to 16 forrn part of these financial staternenls.
Page 7

VICARAGE FARM COMMUNITY ASSOCIATION
BALANCE SHEET
AS AT 30 SEPTEMBER 2022
2022
2021
Note
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
Cash at bank and in hand
281.877
283.089
75,944
50.462
68,598
43,206
126,406
111.804
CREDITORS: amounts falling due within
one year
(7501
{7501
NET CURRENT ASSETS
125.666
111.054
NET ASSETS
407,533
394,143
CHARITY FUNDS
Unrestricted funds
10
407,533
394,143
TOTAL FUNDS
407.533
394.143
The financi81 statements were approved by the Trustees on ?tk!¢ and signed on their behalf, by..
hairman
The notes on pages 9 10 16 form part of these financial statements.
Page 8

VICARAGE FARM COMPJIUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
ACCOUNTING POLICIES
1.1 Basls of preparation of financial statements
The financial statements have been prepared in accordance with the Charibes SORP IFRS 1021-
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
Vicarage Farm Community Association constitutes a public benefit entity as defined by FRS 102.
1.2 Going concern
The financial statement5 have been prepared on a going con￿rn basis. The Trustees have
considered relevant information, includin9 the post year-end management accounts and the impact
of subsequent events in making their assessment. The COVID-19 pandemic and the ensuring
economic shutdown has had limited impact on the charity's operations. as they have Continued lo
trade and operate throughout.
Based on these assessments and having regard to the resources available lo the entity, the Trustees
have concluded that there is no material unTrrtainty and that they can continue to adopt the going
concern basi5 in preparing the annual report and accounts.
1.3 Fund accounting
General funds are unre5tri¢ted funds which are available for use at the discretion of the Tru51ees in
furtherance of the general obje¢tives of the charity and whi¢h have not been designated for other
Putposes.
1.4 Income
All income is recognised once the charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Donated services or facilities are recognised when the charity has control over the item. any
conditions associated with the donated item have been met, the ieceipl of economic benefit from the
use of the charity of the item is probable and that economic benefit can be measured reliably. In
accordance with the Charities SORP {FRS 1021, the general volunteer time of the Friends is not
recognised and refer lo the Trustees, report for more information about their contribub'on.
On receipt, donated professional services and donated facilities are recognised on the basis of the
value of the gift lo the charity which is the amount the charity would have been willing lo pay lo
obtsin services of facilits'es of equivalent economic benefit on the open market.. a corresponding
amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised al the time the investment
income is receivable.
Page 9

VICARAGE FARM COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
ACCOUNTING POLICIES (CONTINUED)
1.5 Expendlture
Expenditure is ￿COgnised once there is a legal or constructive obligation lo Iiansfer economic
benefit to a third paty, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The Costs of each activity are made up of the lolal of direct costs and shared costs.
including support costs involved in undertaking each activity. Direct costs attributable to a single
8clivity are allocated directly lo that activity. Shared costs which contribute lo more than one activity
and support costs which are not attributable lo a single activity are apportioned be￿een those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of b'me spent. and depreciation charges allocated on the portion of the asset's use.
Governance costs are those incurred in connection with adminislralion of the charity ancl complian
with conslitulional and 51atulory requirements.
Charitable activities and Govemance costs are costs incurred on the charitys educational
operations, including support costs and costs relating to the governance of the charity apportioned lo
Charitable activitie5.
1.6 Gleneagles So¢ial Club
The Club operates on premises of which the Association is the leaseholder. By its rules the Club
transfers ils net surplus to the Association under gift aid. Vicarage Fam Community Association
owns the only share in the Club. Any losses made by the Club are not transferred to the
Association.
1.7 Leasehold bulldlngs
The Commltnily Centre is held by Vicarage Farm Community Association on a 99 year lease from
Wellingborough District Council granted in 1985.
The cost of the leasehold1£7.0001 was written off in the year of payment.
The value disclosed 1£277.0271 in the Association's balan￿ sheet represents the cost of building
the original centre together wrth the cost of subsequent additions and extensions.
Significant long term building repairs have previously been capitalised and written off over four years
on a slrauhl line basis. No balance remains in respect of these repairs.
1.8 Tanglble tlxed assets and depreclatlon
All assets costing more than £200 are capitalised.
A review for impairment of a fixed asset is carried out if events or changes in circun7slances indicate
that the Carry￿ng value of any fixed asset may not be recoverable. Shortfalls be￿en the carrying
value of fixed assets and their recoverable amounts are recognised as impairments. Impairment
losses are recognised in the Statement of financial activities.
Tangible ftxed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is provided al rates calculated lo write off the cost of fixed assets, less their estimat
residual value, over their expected useful lives on the following bases..
Fixtures and fittings
20Yo reducing balance
Page 10

VICARAGE FARM COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
ACCOUNTING POLICIES {CONTINUEDI
1.9 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity,. this is normally upon notification of the interest paid or payable by the Bank.
1.10 Debtors
Trade and other debtors ale recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
1.11 Cash at Bank and In hand
Cash al bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from Ihe dale of acquisition or opening of the deposit or similar
account.
1.12 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be reqUI￿d in settlement. and the
amount of the settlement can be eslimaled reliably. Liabilits'es are recognised al the amount that the
harily ants"cipales it will pay lo sellle the debt or the amount il has received as advanced payments
for the goods or services il musl provide. Provisions are measured at the best estimate of the
amounts required lo settle the obligation. Vvhere the effect of the lime value of money is material,
the provision Is based on the present value of those amounts, discounted al the pre-tax discount
rale that reflects the risks specific to the liability. The unwinding of the discount is recognised within
interest payable and similar charges.
1.13 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify a5 basic financial
instruments.
Basic financial instruments are Initially recognised at transaction value and
subsequenlty measured at their settlement value with the exception of bank loans which are
subsequenlty measured at arnortised cost using the effective interest method.
1.14 Corporation tax
By virtue of its eharitable status, the Association is not liable for corporation tax.
Page 11

VICARAGE FARM COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
INCOME FROM DONATIONS AND LEGACIES
Unrestricted
funds
2022
Total
funds
2022
Totsl
funds
2021
Hire of hall
Meat raffle
10,144
2,482
10,144
2,482
8,688
177
Surplus transferred from Gleneagles social club
18,416
18,416
17,332
Total donations and legacies
31,042
31,042
26,197
Total 2021
26,197
26,197
GOVERNANCE COSTS
Unrostrict¢d
funds
2022
Total
fund$
2022
Total
funds
2021
A¢countancy
155
155
148
Page 12

VICARAGE FARM COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
DIRECT COSTS
Unrestricted
funds
Total
2022
Total
2021
Rates
Insurance
Repairs and renewals
Heal and light
Meal offle
Bookkeeping
Deprecialion
Sundry
2,848
624
4,128
6,720
1,250
675
1,212
2,848
624
4,128
6,720
1,250
675
1,212
1.897
630
1,286
4,370
200
675
1,515
17,497
17,497
10,573
Total 2021
10,573
10,573
ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
other costs
2022
Total
2021
Direct costs
Expenditure on govemance
17,497
155
10,573
148
17,652
10,721
NET INCOMEI(EXPENDITUREI
This is stated after charging..
2022
2021
Oeprecialion of tangible fixed assets..
- owned by the charity
1,212
1,515
Page 13

VICARAGE FARM COPJIMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
TANGIBLE FIXED ASSETS
Leasehold Fixtures and
building
fittings
Total
Cost
At 1 October 2021 and 30 September 2022
362,657
153.281
515,938
Depreciatlon
At 1 October 2021
Charge for the year
85,630
147,219
1,212
232.849
1.212
AI 30 September 2022
85,630
148A31
234,061
Net book value
AI 30 September 2022
277,027
4,850
281,8TI
At 30 September 2021
277,027
6,062
283,089
DEBTORS
2022
2021
Due after more than one year
Gleneagles Social Club
75.944
68,598
CREDITORS: Amounts falling due within one year
2022
2021
Accruals and deferred income
750
750
10. STATEldlENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at
30
September
2022
Balance at
l October
2021
Income Expenditure
Unrestricted funds
Reserves
394,143
31.042
(17,6521
407.533
Page 14

VICARAGE FARM COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
10. STATEMENT OF FUNDS Icontlnuedl
STATEMENT OF FUNDS- PRIOR YEAR
Balance al
30
September
2021
Balance at
1 October
2020
Income Expenditure
General funds
ReseNes
378,667
26.197
{10,7211
394.143
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR
Unrestricted
funds
2022
Total
funds
2022
Tangible fixed assets
Debtors due after more than 1 year
Current assets
Creditors due within one year
281.877
75.944
50,462
{7501
281,877
75,944
50,462
17501
407,533
407.533
ANALYSIS OF NET ASSETS BETWEEN FUNOS- PRIOR YEAR
Unrestricted
funds
2021
Total
funds
2021
Tangible fixed assets
Debtors
Current assets
Creditors due within one year
283.089
68.598
43.206
17501
283,089
68,598
43,206
1750)
394,143
394,143
12. CONTINGENT LIABILITIES
There were no contingent liabilities at 30 September 2022 or 30 Septsmber 2021.
Page 15

VICARAGE FARM COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
13. CAPITAL COMMITMENTS
The company had no capital commitments al 30 September 2022 or 30 September 2021.
14. PAYMENTS TO TRUSTEES AND CONNECTED PERSONS
No Trustee or person with a family or business connection with a Trustee received remuneration in the
year, directSy or indirectly, from the charity Costs are incurred by the Trustees personally in pursuit of the
charib'es objectives. No expenses were reimbursed to the Trustees during the period {2021- £nill.
15. INDEMNITY INSURANCE
The Assoeiation has effected indemnity insurance in respect of the officers and Trustees of the
Associab'on al a cost of £35512021- £3151 per annum.
Page 16