Saltash Waterside Community Association
Annual Report
Year ended 31 March 2025

Saltash Waterside Community Association
Financial Statements
Year ended 31 March 2025
Contents
Page
Tnjstees and Professional Advisors
Trustees, Report
Independent Examinerfs Report
Income and Expenditure Account
(Incorporating Ststement of Financial Actmty)
Balance Sheet
Notes and Accounting Policies

Saltash Waterside Community Association
Trustees and Professional Advisors
Year ended 31 March 2025
Trustees and Principal Officers
Trustees:
Principal Officers:
Mr A D Marsh
Mr R Bickford
MrAHea
Chaimian
Mrs L Marsh
Secretary
Mrs M Truscott
Registered Office
Ashtorre Rock
Waterside
Old Ferry Road
Saltash
Comwall
PL12 4GT
Treasurer
Mrs S Harfield-mitchell
Professional Advisers
Bankers:
Lloyds Bank PIC
67 Fore Street
Saltash
Comwall
PL12 6Ai
Accountsnts
PKF Francis Clark
Melville Building East
Untt 18. 23 Royal William Yard
Plymouth
PL13GW
Solicitors:
Nicholls & Sainsbury
131 Fore Street
Saltash
Comwall
PL12 6TT

Saltash Waterside Community Association
Trustees, Report
Year Ended 31 March 2025
The Trustees submit their reporl and unaudrled financial statements for the year ended 31 March
2025. The accoLJnts have been drawn up in acLordance with appropriate statutory regulations, the
assoaation's goveming document and frAlows best practice as set out in the Accounling and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounls in accordan￿ with the Financial Reporting Slandards applicable in the UK and Republic
of Ireland (FRS 102).
Charity Number
299044
Status
The Saltssh Waterside Communty Association is a charity govemed by a Trust Deed dated 5 March
1991 and is registered with the Charity CommissDn under referen￿ number 299044.
Principal activity
The principal aim of the Charty is to provide recreational actrvities for tha inhabitants of Saltash and
surrounding neighbourhocrfj.
Objectives
The principal chartiable purpose of the charity is the provision of recreational activities, wrth the
objed of improving the condrtions of lrfe for the inhabttants.
Structure and election process
The board of Trustees, a body of not less than three nor more than six. o)ntrols the charity and are
elected for lrfe or until suth time as they retire.
The Trustees are assisted by three offThrs who seThe for a period of five years and eight committ8e
members who are re-elected each year.
Eleclions are held at the Annual General Meeting where a quorum ofat least15 members is required
and members are dected by a majority of persons present.
Reserves
Income generation has been maintained through annual local events and a regular core of people
who use the facilities. As with most chaTities any interest on fuThJs is at an all-time low and the
Trustees are monitoring the stiuation.
The charity's aim is to continue to hold sufficient reserves to cover at least 12 months of
expenditure.

Saltssh Waterside Community Association
Trustees, Report (continued)
Public benefit
The Charities Act 2011 introduced the requirement for charities to show that they have provided
public benefit. The trustees have reviewed the obJ"ects, goals, services and objectives of the charity
in the light of this requirement and can confimi that Saliash Waterside Community Association
seNes the publi¢ bgnefft.
Financial review
During the yaar, the charity has Continu￿ to raise funds which have enabled the association to
continue to provide recreational activities. The surplus for the year amounted to £34.196 which,
when taken from the balan￿ brought fotward. resulted in a increase in funds to £365.357.
First fl¢)or hirings have recovered to pr&COVID levels. The exierior guttering has been renew8d
and Ashtorre Rock has continued to investigate flo(xl defen￿ measures. Also, our sea wall will
be professionally surveyed and any reported problems acted upon.

Saltash Waterside Community Association
Statement of Trustees. Responsibilities
The trustees are responsible for preparing the financial statements in accordance w41h the
United Kingdom Accounting Standards (United lQngdom Generally Accepted Accounting
Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each
financial year which give a true and fair view of the stste of affairs of the charity and of the
incoming resources and application of resources of the charity for that period. In preparing these
financial ststements, the trustees ar8 required to:
selecl suitable accounting poliaes and then apply them consistenuy"
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent",
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements.. and
prepare the financial statements on the going concem basis unless it is inappropriate to
presum8 that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensLAre Ihat the
financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports)
Regulations 2008, and the provisions of the constitution. The trustees are also responsible for
safeguarding the assets of the charity and heno for taking ￿aSonable steps for the prevention
and detection of fraud and other I￿egular1tieS.
The trustee5 are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable companys website. Legislation governing the preparation
and dissemination of financial statements may drffer from legislation in other jurisdictions.
The trustees who served during the year V￿re as follovts.
MrA D Marsh
Mr A Hearl
Mr R Bidrford
Slgned o
of the Tru
tees

Saltash Waterside Community Association
Independent examiners, report to the trustees of Saltash Waterside Communlty
Association
I report on the accounts of the Ass¢xiation for the year ended 31 March 2025, vthich are set out on
pages 6 to 10.
Responsibilities and basis of report
As the charity trustees of Saltash Waterside Community Association you are responsible for the
preparats'on of the accounts in accordan￿ with the requirements of the Charities Act 2011 (Ihe
Act'}.
I report in respect of my examination of Saltash Waterside Community Association accounts carried
out under sedion 145 of the 2011 Act and in carying out my examination I have followed all the
applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examinerfs statement
Since Saltash Waterside Community ASS￿latiOn'S gross income eX￿ded £250,000 your
examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am
qualified to undertake the examination because l am a member of the ICAEW which is one of the
listed bodies.
I have completed my examination. I confinn that no material matters have come to my attention in
onnection wtth the examinats'on giving me cause to believe that in any material respect..
1. accounting records were not kept in respect of Saltash Waterside Community Assc¢iation
as required by section 130 of the Act: or
2. the accounts do nol accord wtlh those recxjrds: or
3. the acwunts do not comply with the accounting requirements conceming the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the acwunts gwe a Yrue and fair wev/ whth is not a matter
(x)nsidered as part of an independent examination.
I have no cOn￿rnS and have come acfOSS no otrw matters in connection with the examination to
which attention should be drawn in this report in order lo enable a proper understanding of the
accounts to be reached.
James Barrett
PKF Francis Clark
Chartered Accountants & Registered Auditors
PLYMOUTH

Saltash Waterside Community Association
Income and Expenditure Account (Incorporating Statement of Financial Activities)
Year ended 31 March 2025
Unrestricted
Funds
2025
Unrestricted
Funds
2024
Income
Membership fees
Donations.. Sundry
Govemment grant
Fundraising-
Kitchen & Draws
Hire of first floor
Bank interest received
501
433
453
1,205
69,565
11,916
4341
56.012
11,939
2,308
86,756
71,917
Expenses
Fundraising..
Kitchen & Draws
Event expenses
18.621
162
16,434
241
18,783
16,675
General
Property repairs- maintenance
Insurancè
Heat and light
Water rates
Telephone, postage and stationery
Cleaning
Accountancy
Miscellaneous expense
Depreciation
8,413
4,425
4,132
1.566
2,115
4.936
1,260
1.365
5,565
7,433
3,822
3,382
1,621
1.455
4,744
1,200
681
5,987
33.777
30,325
Surplus for the year
34,196
24,917

Saltash Waterside Community Association
Balance Sheet
31 March 2025
2025
2024
Note
Fixed Assets
178,956
184,521
Current Assets
Balan￿ at bank
Debtors
Prepayments
183,356
143.289
4.305
4.551
Total Current Assets
187.661
147,840
Current Liabilities
Creditors
(1,260)
{1,200>
Net Current Assets
186,401
146,640
Net Assets
365.357
331,161
Unrestricted Funds
Opening balance
Excess of expenditure over income
331,161
34.196
306,244
24,917
365.357
331,161
Approved by the Trustees on ................
and signed on thelr behalf by:

Saltssh Waterside Community Association
Notes and Accounts'ng Policies
Year ended 31 March 2025
A¢¢ounting Policies
sL￿ement of compliance
The financial statements have been prepared in accordance wth Accounting and Reporting by
Charities.. Slatement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 1021 (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparatlon
Saltash Waterside Community Association meets the definition of a public benefit enttty under FRS
102. The accounts (financial ststements) have been prepared under the hislorical cost convention
with ilerns recognised at cost or transaction value unless othe￿iSe stated in the relevant nole(sl
to these accounts.
InGome and endowments
All income is fecognised once the Charity has entitlement lo the income, it is probable that the
income will be received, and the amount of income receivable can be measured reliably.
Donatlons and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable, and the
amount can be reliably measured. In the event that a donation is subject to conditions thal require
a level of perfonnance before the charity is entitled to funds, the income is deferred and not
reGognised until either those conditions are fully met, or the fulfilment of those conditions is wholly
within the control of the charty, and it is probable that those conditions will be fuffilled in the
r8POrting period.
Expenditure
All expenditure is recognised once there is a legal or constructtve obligation to that expenditure,
il is probable settlement is required and the amount can be measurèd reliably. All cosls are
allocated lo the applicable expenditure heading that aggregate similar cosls to that category.
Where costs cannot be directly attributed to particular headings, they have been alli)cated on a
basis consistent with the use of resources and depreciation charges allocated on the portion of
the asset's use.
Charltable activities
Charitable expenditure comprises those costs incxjrred by the charity in the delivery of its activities
and services for ils beneficiaries. It includes t)olh costs that can be allocated directly to such
activities and those costs of an indired nature ne￿$Sary to support them.

Support Gosts
Support costs indude central functions and have been allocated to activity cost categories on a
basis Gonsistent with the use of resources, for example, allocating property wsts by floor areas,
or per capila, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attribulable to the charity's Complian￿ with constitutional and statutory
requirements. including independent examination, strategic management and trustees, meetings
and reimbursed expenses.
Taxation
The charity is considered to pass Ihe tests set out in Paragraph 1 Schedule 6 of Ihe Finance Acl
2010 and therefore it meets the definition of a charitable company for UK corporation tax
purposes. Accordingly, the charity is potentially exempi from taxation in respect of income or
capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act
2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income
or gains are applied exdusively to charitable purposes.
Tangible fixed assets
Individual fixad asset5 ¢0sts'ng £500.00 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets $0 as to vKite off the Cost or valuation, less any
estimated residual value, over their expected useful economic life as follows:
Asset class
Freehold property
Furniture and fixtures
Depreciation method and rat8
20/0 Straighl line
20% straight line
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion
in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes.
the use of which is restricted to that area or purpose.

2 Fixed Assets
Freehold
Balcony Fixtures and
Property Extension
Equipment
Total
Cost
As at 1 April 2024
Additions
47.943
162,994
98,270
309,207
As at 31 March 2024
47.943
162.994
98,270
309,207
Depreciation
As at 1 April 2024
Charge for the year
As at 31 March 2025
6,713
959
22,820
3,260
26,080
95,153
124,686
5,565
130,251
7,672
96,499
Net book value
As at 31 March 2025
40.271
41.230
136.914
140.174
1,771
3,118
178,956
184,521
As at 31 March 2024
a) Freehold Property
The property has been induded at its htstoric cost in 1991.
bl Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. less
any estimated residual value, over their expected useful economic life as follows..
Freehold Property
Balcony Extension
Fixtures and Equipment
20/0 Straight line basis
2°h straight line basis
20 % Stra￿ht line basis
3 Trustees. Remuneration and Expenses
No remuneration was paid by the trust to any of the trustees for their ServI￿S as trustees during
the year.
4 Taxation
The charty is a registered tharity and is therefore exempt from taxation.
io