ABSHOT COMMUNITY CENTRE Abshot Community Association Accounts 31 December 2024 ACCOLINnNG
Abshot Community Association Contents
| Page | |
|---|---|
| Business information | 1 |
| Approval statement | 2 |
| Accountants' report | 3 |
| Income and Expenditure Account | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 - 7 |
Abshot Community Association Business Information
Chairman
David Tickner
Secretary
Dawn McLean
Treasurer
Angie Tickner
Accountants
JAM Accounting Unit 3B, Stone Pier Boatyard Shore Road, Warsash Southampton Hampshire SO31 9FR
Business address
Abshot Community Centre Kelsey Close Park Gate Fareham PO14 4NR
1
Abshot Community Association Approval statement
We approve the accounts which comprise of the Profit and Loss Account, the Balance Sheet and the related notes. We acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing JAM Accounting with all information and explanations necessary for their compilation.
…........................................................................
Mr D Tickner - Chairman
…........................................................................
Mrs A Tickner - Treasurer
16 May 2025
2
Abshot Community Association Accountants' report on the unaudited accounts to Abshot Community Association
You have approved the accounts for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes. In accordance with your instructions, we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us.
JAM Accounting Certified Practising Accountant
Unit 3B, Stone Pier Boatyard Shore Road, Warsash Southampton Hampshire SO31 9FR
16 May 2025
3
Abshot Community Association Income and Expenditure Account for the year ended 31 December 2024
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2024 2023
£ £
Income 36,057 33,758
Direct costs - 1,614
Gross profit 36,057 32,144
Other business income 33 40
Expenses
Rent, rates, power and insurance costs 29,218 28,515
Repairs and renewals of property and equipment 2,730 3,238
Telephone, internet, stationery and other office costs 3,690 2,643
Advertising and business entertainment costs 36 -
Depreciation and loss/(profit) on sale 895 1,194
36,569 35,590
Deficit (479) (3,406)
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4
Abshot Community Association Balance Sheet as at 31 December 2024
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Notes 2024 2023
£ £
Fixed assets
Equipment, machinery and motor vehicles 3 2,686 3,581
Current assets
Trade debtors 281 623
Bank/building society balances 11,099 11,012
Other current assets and prepayments 3,309 3,677
14,689 15,312
Current liabilities
Other liabilities and accruals 1,750 2,789
Net current assets 12,939 12,523
Net assets 15,625 16,104
General fund
Balance at start of period 16,104 19,510
Net loss (479) (3,406)
15,625 16,104
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5
Abshot Community Association Notes to the Accounts for the year ended 31 December 2024
1 Accounting basis
The accounts have been compiled on a basis that enables profits to be calculated in accordance with UK Generally Accepted Accounting Practice and that provides sufficient and relevant information to enable the completion of a tax return.
2 Income and Expenditure account analysis
| Income Membership Hall Hire Events Donations - SSC Donations - Other Licence to occupy Grants FBC Direct costs Entertainment Other business income Interest receivable Rent, rates, power and insurance costs Rent Light and heat Water rates/charges Cleaning Repairs and renewals of property and equipment Repairs and maintenance Telephone, internet, stationery and other office costs Telephone, internet & TV Software & IT consumables Licences Other insurance costs Advertising and business entertainment costs Advertising and PR Depreciation and loss/(profit) on sale Depreciation |
2024 £ 2,894 23,290 - 1,500 256 8,117 - 36,057 - 33 1,629 12,396 185 15,008 29,218 2,730 1,444 167 1,129 950 3,690 36 895 |
2023 £ 2,590 25,698 1,476 - - 500 3,494 33,758 1,614 40 1,629 11,152 1,866 13,868 28,515 3,238 1,038 287 403 915 2,643 - 1,194 |
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6
Abshot Community Association Notes to the Accounts for the year ended 31 December 2024
3 Plant, equipment and motor vehicles
| Cost At 1 January 2024 At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 |
Equip', Fix & Fittings £ 37,114 37,114 33,533 895 34,428 2,686 3,581 |
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7