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** **----- Start of picture text -----**
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** **----- Start of picture text -----**
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| |---|---|---| 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| |---|---| 7