Ch&rity iegists'ation i)umber.' 300236 Bourne End (Buckinghamshire) Community Association A)mual Report and Financial Statement9 for the Year Elided 31 December 2024 Bovrne End (BllLliinghain$hire) Community Association Contents (continiied) Reference and Ailministrativt Details Trustces, Report 2(07 Siatement of Trustses, Responsibilities Ind6pcndent Exatnillei s Repoit Staternent of Financial A¢tivitie5 Ioto 11 BalanGe Sheet 12 Note5 to the Financial StaternEnts 13to27 ollr￿e Elld (BuckiDgham5hire) Community AssociAtion Refel-ence and Admini,4ti-ative Details Cbgirman Mr D G Foster Seci'etary MsDIHall Vice Cbair Mi's M Hui'ley Treasui'er . T Quantrill Chllrity Re￿ISt1￿lI0￿ Nu￿ber 300236 PrilleipAI Office The Coinmunity Centre Wakeman Road Boiirne End Buckinglwnshire SL8 5SX Indepelldent Examiller Sterling GrovE Accountants Limited Fawley House 2 Regatt& Place Marlow lioad Boiirne End Bucl(inghamshire SL8 STD Baukers CAF Bank Ltd 25 Killgs Hill Avenue Kuigs Hill West Malling Kent MB194JQ Page I Bourne Ei nd IBu¢kinghamshire) Community Association I'rustees, Repoi't The twstees presejit the atJnuAI repoit togdher with the f￿alItIal stateinents of tlie ¢harity for the year uided 31 DecetnbEI' 2024. Objective8 and activities Ohjeets rtifiis The oliarity's Objects to promote sudi Cliai'ilable Purpose or Charitsble Purposes as the TrLFStees shall in their absolute discretion think fit. SuGh Obje¢ts incliide but are not liniited to the following.. -to proinote 1116 bet)efit Df the inhabitants of Bouine End and Woobui'n and the neighbourhood togEth￿. defin iii the Wooburn aiid Bourne End, l.ittle Mal'low aJ]d Iled50r Parishes -to maintsin tnat]agtt the Boume End Community Ccnlie -to promote such oth￿. ¢hoTitable putposes as may froJn time to tj￿e be deteijnined The objects of the Association are to.. a) pi'omote tlTre benefit of the inl)abitants of Bourjie End & Wooburn and the neighbourhood together der￿ed by Wooburn aiid Bourne End, LEttle Marlow and 14edsor Pai'ishes {her¥inafter called "the aTca of bei)efit") without distinction of sex, s¢xiial orientation, ra¢¢ oi. of p£)litical, Itligious or othei. opinions, by associating tog6ther the said inhabitants and the local authoriti&%, voluntary and other oi'gani8Jtiot)5 iii a ¢oinrnoll effort to adv2nc¢ edu¢atioii ￿)d to pi'ovide facElities in the interests of so¢ial welfare for recreation and le1sl￿e-time occupation witli the object of improving the conditions of life foi. the said ithb&tknts,' b) establish, or se¢ure the establishment of, a Conjmunity Centre and to maintain and manage the same (whcther alone or in ctr operation wÉth any Iwal auElioiity or other person oi. body> in fvrtheranc¥ of the&e objects. ¢) proinote such other charitable puiposes as may from ti]ne to time be determined. objec1t￿, slrfflegl&¥ uRdnctivitigs The Coillmunity Cejitre The Assneiation manage5 Bourne End Coinmunity Centre, whi¢h wfts opened 1967. The Centrc building and land is le28ed fi.om BuckinghamshiiE County CoLincil on a 99-year lease 2t a peppercorn rent. This property is held in trust by the Official Custodian foi. Charities. The Association has two employ¢¢8 - on¢ full-timB and anotli¢r part tiine both working in tlie CenlJ¢ Office providiD8 administrativ¢ Und facilities 8UPPDrt. 'fiTre As50cialion depends iipoii th¢ eolltiniiing siippojt of volunteBf5 fi'oin all parts of ti)e Gominiinity for all other support and management. The Association's aiin has always been to provide first Glass fa¢ilities at affoTdable prices for voluntary organisations serving ilie IoGal cominunity. Our halls and meeting rooms ar¢ usually fjlled witli the souiid of Inusi¢. diama, sport, exercise and histoi'ical research und¢rtaken by groups from PiE-s¢hool age to 'seniors'. We are also delighted to continu¢ to play host to Headway, a charity helping those who have Suffered brasn injui'y. Piihlie beiiefit W¢ have five hallslrootns which ¢an be hired to groups or individuals from thc local ¢ommunity and suri'oLin(ling area. In fiddttion lo our own ¢vents, a¢tivities for tlie local coinmunity ii?¢ludc thire coffce moTJings, a visiting podiatrist aiTrd Good Neigliboui's lunches in conjunction with Wye Valley Volunteei's. Page 2 Bourne End (Buckinghamshire) Community A550ei&tion Trustees, Report (¢ontinlled) The trustees ¢onfirJn that they have complied with the L'equiremeAits of s¢¢tion 17 of the ch￿'ItieS Act 2011 to have due iEgaJ'd to the pllblie benefit guid￿)ce publish¢il by tlie Charity Commission for Bngland Wales. Achievements and perfoi'mg¢ncc The retllrii to swpliis seen in 2023 Continued througii 2024 but to a Sli￿tlY lessti. extent, I￿.£elY down to static lettiiig iii(nme ￿ld loM¢i' Target i'cceipts. Paula Riley Lontinued to conti'ibute hugely to the Centre in hti. i'ole as Cetttre maliag￿., takiiig 50m¢ of tlie administrative burden from the offiGei%. Thc bar ¢oi)tinued with its loiigei. trading hou13 and tUTned a very healthy pi'ofiL Peter Lim. tl)t Bar Manager for several y¢ar% irsigned at the end of Noveimbei.. Thc CCTV system iiistalled in 2023 was expanded a Isttie in 2024. Mu¢h woi'k focused on iinproving office systeTllS and irsilitnce, with t1￿ cO￿￿enCeMent of a tnove to Google Non-profit, in¢ludiiig cloud stoixge ot all oui. data, and with tlLe itsts"oduction of aD onlinc 'knowledgel)ase' a repository foi storing infoiinatioii, PTocedures. ¢t¢. for ¢￿sY atLess. An acG¢ss audit of the Centre carried out wsth the view to applying for a P￿ish Council grant to make a nutnber of changes to the Ccntre. Towards the eiid of th¢ yeJr invesligations re St￿ted lookiog into the po¢edui'e. It wa5 (le¢ided to starf prcp21'ation% foi. conveiting the unincorpordted charity into a Ctw'itsble Incorpoi?ted or89￿}5#¢lOn. The begiT)ning of the yew saw the start of & new Yolunteer handym￿1, who has V￿rked hai'd over the year getting mittor rnaintenance issues sorted out. The lighting the May Wooll¢iton Flall and the corridors was Lepla¢ed, the leaking roof was dealt with. and the tables in the Wye Rooin wei'e revamished. Kathy Jackson, who had kept the front borders looking colourf￿, stDpped doii)g our gaTdcning. Cai'iiig foi ihe plants was taken on by Tony Crossmgn Rnd Ti'a¢y GreeI]field, and a cojnpany was cinploy¢d to do the mowing garden maintenan¢e. An acer was bought at)d plajiied ill Jrjemory tsf Dave Gibson, who passed away at the end of 2023. The events progrwiyDe continued to grow. A full schedule Df films was shown, with the most popular (One Lif¢) being showTh tWlLe. Various music ev¢nts were held in the main hall and in the bar, with local names such 8s Andrew Bow'n and Strdight F4ight playints to a packed May Woolleiton Hall, ai)d the inoiE intimate centsYJazL and centr¢Rock in th¢ bai.. Thc year slaited as usual with a very successful panto- Piiss in Boots- and ended with the c￿.0] coii¢ert. Thc regiilai. coffee moi'nings went from str￿18th to strength with fijnds beiiig raised foT good cases such as Vcrsus Artlu'itis, and also for oiir own Ta¥get. Tlie summer saw È very suc¢¢%sfvl exhibitiotx of Kai Townsend's p05t¢&i'ds of the village, and also our secoiid all-c'entre Sumtn¢r Fete. The Association sectlODS have continued to make good use of the Centye.. as weil as presenting the pantomime mention¢d above. Forum Pl&yers raised fi]nds throu￿ a 5uttessfiil quiz in the summer. Short Mat Bowls still me¢ls twice a week and its membership is growing. Darts finished thii'd in the Winter Leatsue and were runners-up in thc Chall¢ng¢ Cup. new Inembers h#vtt allowed theii. coj?tiniiatiort in the It￿￿lle. The Chess Club meets regUl￿.[Y for ￿ate1]eS and ¢a$udl play, and hosts ali Allniial Lhess cOn￿e￿, &ttrauting players from far afield. Tl)e new Bow'jie End Bucks Ojie Place Study So¢iety was affiliated it]to the AssociatioiL The organising team of Fun Night bccame an inte￿.￿1 pait of the Association in 2024, 1'eporLing direct to ihe mflliagem￿1t Team. The 2024 1,-un Night proved veiy succcssfi]I, despite & dreadfiil weather foi'ecast foi. the evening. The Conununity Market continues to use the Miy Woolle¥ton Ha]l. the Target Room atjd the car park ontye d month. 2024 mai'lced thc 60th anniveTSAry of Tai'get, and this was indi'ked in the magazine ivith stoi'i¢s ￿nd pftges from its fii'st ycai.. A bumper aniiiversary issue was produced in Julie, ieverting to the oi'iginal 40-pag¢ lormat J2thei' tlian the i'duced 36-p&ge one. Target conlinues to struggle as adV￿'tIs11ig T¢V￿1￿C contit)ues to fall, but ¢osts i'ise. DonRtions in 2024 weir dowii the furtdiaising yeai. of 2023, but ¢ontiiiue to liely the magaziiie. Page 3 Bourne End (Bucliillghamshire) Community Association Trustees, Report (continued) Piniinti¥tl review Tli£ end of 2024 51iow6d a mixed position in th¢ fit]aiieial slate of tlie ¢harity-. incom¢ iiioreased sligiitly from £160,519 10 £164,017 largely dtse to an increase to th¢ occiipation liceJi¢¢ to End Commiinity Trading Ltd (£38,000 compared to £31,000 ill 2023). Fundraising income also inciras¢d si8nifJcaiitly. layget siistain¢(l a loss of alm08t £5,500 for the year, 181.gely down to reduced donatIOlis and 8dv¢rtising incotne. Ovei'heads in 2024 were around £7,000 higher tliaii in 2023. with incr&ised expenditllre on salarie4 cleaning and mbintenan¢c. Powo. costs were £3,000 below tlie pi¢vious year. The effeot of an adjustment for irrecoverable VA'f in 2024 was £5,694 This resulted in a year-end operating surplus of £4,188, som¢wh2t lower thAn the £14,270 generat¢d iji 2023. Year-ejid res¢rves stood at £216,715 compared to £212,527 in 2023. Policy oil r£¥epv&¥ Oiir existiiig policy is to hold between six- and twclve-months a]]niRI expenditure as a real reserye. We define real reserves as nct current ass#ts. This diffei3 froin the gcncral r¢serv¢ appeaiillg on tlie Balance Sheet by excludin8 capitalised cxpenditui'e on the fabri¢ of the building and oil fixt￿E8 and fittings whiGh would be woi'lhiess should they necd to be sold. Ow. net current assets at the end of 2024 weTe £166,927. This represents abolit 13 months of expendithre, excludin8 depreciation at the end of 2024. PlaTrs for futui'e period5 Aiiiis ftiid key objec11￿S￿orfIl￿irtVeriod& Our fvture plans include making a iiunther of chanECS based on the ac¢e5s audit conunissioned in th¢ 5unun¢r of 2024, 511¢h as redesigning tlie aTea IJJ front of thc front doors to make access to the Centre much easier for those with mobility issues and in wheelrhairs. There aTe also plan% to install a modern hearing-loop %ystem tiu'oiigh ost of tlie Centre. We also hope tv change the layout of the biiilding in ordEr to integrat¢ the Target RDOln miiGh inor¢ into the iiiaii) part of the buildijig. We are hopincF to access a Parish Council gxat]t foT soin¢ ofthe osts involved. We need to attract new members and would encoui?ge all users to become m¢mber& of the Association. We also aslc e¥isting mttmbers to ¢ncourage friends and neighboEirs to join lis atthe Community CEntre. There is always a need For volunteers to bccome actively involved in the runn￿ng of the ￿SocIatIon as without a band of willintt volunteers the Cotnmunicy Centre woiild not exist. Struttiir4 governAn¢¢ and miDAgen]ent ofgoveriiiiig doe111n￿lI The chai'ity was ¢gllStituted on 14th May 1964 and is 8overned by tlie constitution last amended 011 14th April 2003. it is an unincorpoTated association. Page 4 Boui'ile Elld (Buckinghamshire) Community Association Tru8tees' Report (continued) Tiustees are nomEnated by each SeGtÉon of the As80¢iation, Affiliated Group Nletnber and Statutory Authoi'ity. These are appointed eacli yeaj. at the Annual GU)￿'al Meetiiig. The AGM 2150 eleGls a number of the indiwdual men)beL5 as Trustees to represent them. 'fhe Trustees Gan apposnt new Trvstees tr> fill vacancies. The Th'ustee5 who s￿￿ed diLI'ing the yeai. are as 8howii below. All Trnstees givc tlieii. ttme freely and no Tivstce remuntration ivas paid in tlie Y￿.. The major i'isl(s to wliich the dw'ity is exposed, as identified by the Tiustees. hav¢ bccn i'eviewed and systems h&vc been Established to mitigate those Tisks. AvpftrtgeHigntsforséttiiig key fvioKagÉiiientpeTsoAiielreDiiiiierftlioFI Tlie pay i'evitw is carried out by th6 Offjeers at)d a i'ecominendation is made to the Management TeaEn foi. their approval. Tbe following persons served as Trustees in the ye&r'. Mike Judgc KarenLarkin John Marsh Kath A¢irs Marlin Donian Andrew Smith David Algar MikE Bellamy Clive Boume Dave Foster Rose Start Roger Gould Tracy Greenficld Dianc Hall Batsie"fhomas Liz Payne Barrie Penfold Sue wa￿er Pete Webb Val Clark Jaiie Clarke Bill Hudson TiEvor Quantrill Peter Robins Leigh Robinson David Whitsker Pauline Clithei'oe MyFa Hiirley Paul Hurlry Pat Semon Roger Wort Tony Crossman RDg¢r de CoveTley Li7. Hutton We are gL2tefvl for th¢ support of all oiir ts￿￿tee5. Oui. tlianks to everyone who is involved in the Management Team pajticularly oiii Chail'in￿l. David F05ta', VI￿ Chair. Nlyrn Hurley. Tl'easui.￿', Trevoi. QiiaTrtiill, and all tlie mttmbeis of the Events, Stage, Maintenance, Grants. Target, Cinema, Fun Night and Finance Tea]ns. Our thanks a150 to ou. staff, both full and part time, who pi'ovide su¢h excellent 5UPPOlt for all who use thc Centre. How Éh¢ chat'tty mkt¥ deci5i0tsS. Th¢ managejient struGtJre of the charity is as follows.. llie Offic￿5 consist of Chairman, Vice Chairman, Secretai'y, atEd Tirasurer The M&togein¢iit Team, consisting the above pl￿5 individuals who have been elected by the triistees to be involved in th¢ iuniiing of the centre soine of whi¢h are involved in ihe teains m¢ntioned below. Various Teams such as Pkiblictty, Bveiit& MaiiiLenaiio¢, 'I'arget who actively develop ideas and proposals to impi'oye and develop the offerings to the local c017munity. At the I'e8ulai' M8r)aB&neiit meeting th¢ o￿lcerS and T¢ams rcport to the Manag¢m¢Jit meeiing and pi'oposals al'e discussed and a deLiSiOII 15 rn2de whethci. to recommend to the Trustees at the iiexl Trustee Meetlllg. The day to day iiinni118 Inanaging of the centst is &1rried out by the Centrv Mai)ager. Page 5 Bourne li nd (Buckillghamshire) Community Associatiom Ti'ustees, Report (conttnued) Thc Nqanagenwit of th¥ Charity is as shown below-. Statutory Authorities Asso¢lation Officers Asso¢latlon Sectlons Affiliated Groups Reps of Indlvldual Mtnce Team Stage Tea events Team Fun Nlght Toam Publl¢ity Team Targot Team Grants T8am Gentr8Talks Team Cinema Team ¢ontreJazz Team centreRock Toam Flnahcè Toam Page 6 Boiirne End (Buckinghamshire) Commuiiity Assoeiation Triistees, Report (CO￿tinued) Relationships Ivitkn relAted pai'¢iEs Bourne Eud CoEllmunily Trading Ltd The coinpany runs tile bar at the Cotninunity Centre 9nd the ¢harity chw'ge an ocwpation licenoe to the company when a profjt Is made. The chai'ity charged the eompAny £38.000 foi. Occupation liceiiG2 in 2024 Objectives lliidpolleiLs The charity's activitie% expose it to a nuinber of fjnancial risl(s iiicluding credit ris1(, ca51) tlow r55k and liquidity risk. 'fhe usc of financial d￿'ivatives is goveiiied by the th￿'ity's poIici¢s approved by the board of ti'iistees, ich pi'ovide written pi'inciplcs on the use of fiiignLtal derivatives to manage risl(s. The ch￿lty does Thot use derivative financial Instr￿n¢￿ts for ￿p￿ll1211ve purposes. Cashfloiv risk The d)ar&ty maintains a higli level of c8sh reserves to mitigate cash flow I'isk . Credlt risk The charity's priDGipal financial assets are bank balances and Cash, trade and other receivables. The charity's ¢redit i'isk is pi'imarily attributable to its trade r¢ceiv&bl¢s. The amounts pirseftted in ths balRncc sheet net of allowan¢es for doubth]l itceivables. An allowance for impaii'ment is TEiade where there is an identified loss evcnt which, based oll previous experience, is evidence of a reduction ill th¢ recoverability ofthe cash flows. LiqHEtIEty itfk The charity seeks to inanage linancial i'isk by C￿%￿rIng sufficient liquidity is available to mett foieseeable needs and to invest cash assets safdy and pl￿fitably. Th¢ annual reportwas approved by tht tn￿te¢S of the chai'ity on .....-.... . and signed on its behalf by.. Mrs M Hu]'ley Acting aiair Page 7 Bourne nd (Buekinghamshire) Commullity Assoeia*ion Statement of Trustees, Responsibilities Tli6 li'ustees are r6sponsiblc for PTepariJig the trustees, report and the firwncial statement5 in accordance with tlie Ui)ited IthiiÉdom Aceoiinling Standai'ds (United Kitigdorn Genctally Accepted Accounting Prmctice) and appliGable law dnd regulations. The law applicable lo ¢haJities requiiES the triistees to prep£JE f nancial statements for ¢fjGh financial year whicli give a tru¢ aiid fail. view of tlie state of afFairs of tlic eliic i'ity ajid OF t]Je inconiin¥ resour¢es and application ot resourGCS of Ihc chaiity for that pei'iod. fji preparing th¢se financial statetnenls. the trustees are reqiiired to.. select suitable a¢counting policics and then apply them consistently.. observe the metliods and principles in the Chai"itics SORP,. make judgements and ¢stirnates that are reasonable aiid prudent. state whether applibable a¢¢oiinting standards have been followed, subject to any inatel'ial depariutes disclos¢d Rnd explained in the financial statements. and prepara th@ finaiicial statements on the going concern basis iinl¢ss il is inappropriate to presum¢ that th¢ ¢harity will coiilinue in business. Tlie ti'ustees are responsible for k¢¢ping pioper aLcounting r¢cords that discloss with reasoiiable ac¢Maoy at any time the fiiJan¢ial position of th¢ charity and enable theTn to ensure that tht fiDan¢ial stateinenis coinyly with the Charities Act 2011, the Charities {Aecoiints aiid Reporlsl Regulations 2008, and the provision5 of the constitiition. 'Ihe trustees ar¢ also responsible for sal£gLiai"ding the assets of the charity and hel￿e foi. Iskin& reasonablE steps for the piEv￿)t1on and detectinn oFfraud and oth¢r irregllltTrrÉties. The Ii'usteeg are rcsponsiblc foi. tlie maintenance and integrity of the Gorporafe And financial information included on the ¢hai'itable Gornpany's website. Legislation governing the preparatioIi and dissemination of finanGial slatements may diffu. frojn legislation in other jurisdi¢tions. Approved by the tnJstee5 of the charity on.-.................. and signed on its behalf by- MTS M Hur16y Acting Chair Page 8 Bourne nd (Buckinghamshire) Cominunity Assuciatio Iiidependent Examinei's Repoi't to the ti'uslees of Bourne End (BuckinghAmshire) Community Association report to the (rustees on Iny examinatioll of the a¢counts of Boume End (Bu¢kiiighatn5hiit) cOnunL￿ity Association for th¢ year ended 31 Deceillb¢r 2024. Re5ponsibilTlies aknd basis of iyport A5 th¢ chai'ity Éiii%tees of Boiii'nt End 03u¢kinghanishii'e} Coinmunity Association you are responsible for the preparatiot] of the 8CCOUllts in a¢coi'dancc with the requii'einents of tlie Cli%rEties Act 2011 {'the Act,). I repoi* in respect of iny exainination of the Bourne Elld (Buckin￿lainshire) Commuiiity Association's a￿ll1)ts ¢%ri'ied Dut under sectioii 145 of the 2011 Act al￿ iii carrying (>ut my examination I have followed all the &pplicableDiiECtions given by the Charity Cornmissioii uDdei' section 145{SXb} of the Act. IndepeDdevt examiner's statement I have coiknpleted Iny exa)iTrination. I confii'in that no material mattel's have cotn¥ to my attention in ¢onnectioii with tlie L￿an￿lIatiOn giving ine cause to believe that in any matei'ial respect.. accounting records were llot Ic¢pt in r&pect of Boui'ii6 End {Buckin8hatnshire) Communtty Association as requsred by se¢tion 130 of the Atl. or 2. tlie accounts do not accord with those records. or 3. tli¢ a¢¢ounts do noi Comply with the a￿OUntIng rquiTem¢nts ConCern￿lis the forni and content of accounts set out in the Charities IAccoL)nts and Repoits) Regul¥t10115 2008 other than any rcqiiiiEment that tlie accounts give a 'tnJe ￿lld fasr view which is not & matt￿. eonsidei'ed a% part of a]1 ind¢p¢ndent examination. I have no conceillts and have cojne &cross no othe]. matters in ¢0[￿eCtiOn with the exalniiiation to which attention thouEd be drawn in this report in oi'derto cnable apyoper underBtalldinB of the accounts to be re&Ghed. Pietro Amasanti FCCA Fawley Hou5¢ 2 REgatta Place M¢ulow Iload Boiirne FJnd Buokinghamshire Slts STD Date:..... Page 9 Boui'ne Ei (Buckingliamshire) Community Associatio Statement ol. Finaneial Aelivities for the Year Euded 31 Deeember 2024 Unrestricted fuuds R¢5trieted ruDds I'otal 2024 Note lu£ome aDd Endowments f7￿m.. Donations and legacies Chai'itèble activities Ii)vestment incom Othei. income 3,380 106,086 4,787 43,100 -3,005 3.659 6,385 109,745 4.787 Total in¢orne 157,353 6,664 164.017 Expenditure oRk: RaisiiiB fuiids Charitabl¢ activttie5 12,003) {151,552) (2,003) (157,B26 (6,274 Total ¢xpei)ditur¢ Net inconle {153.555) 3,798 (6,274) 1159,829) 390 4,188 Nct movejnent in funds 3,798 390 4.188 Reconciliktioh uf fu￿d$ Total biDuglrt forward Total funds Carried forward 209,258 3,269 212,527 19 213,056 UEti'È$fricted funds 3,659 Resti'icted funds 216,715 Ttstal 2U23 Note Income and Eudowmettts froMI.' Donatit)ns and legacies Ch8rit8ble activitie5 Investrneiit income Oth¥r income 4.182 105,566 3,532 34,979 1,460 10.80U 5,642 116.366 3,532 34,979 Total income 148,259 12,260 160,519 I xpelldxtui'e oll: Rai5jllg funds Charitable activities (1.707) 132,192) (1.707) 144.542 12.?50) Total exp¢ndituiE 133.899 (12.350) (146,249) Nel in¢ome/(expenditurel Gross transf¢T5 betweeii ftinds 14,360 7.391 (90) (7.391 14,270 Net movement in funds 21,751 (7,481} 14,270 R¢¢onciltatioTh ol fiittds Total funds broii8lit forward Total fvnds c8rried forward 187,507 10,750 198,257 19 209,258 3.269 212,527 All of the charity's acttvities derive fro￿ cotjliiitiing operations diiring the abov¢ two pei'iods. Pa&)e 10 Bourne End (Biickinghamshire) Cominunity Associatio lateineiit of Finallcial Activities for the Year Ended 31 December 2024 (eoiitiiiued) ie fuiids breakdowi foi. the Iwo periods is showi in not¢ 19. Pag¢ 11 Bourne End (Buekinghainsliire) Community Assoeiation (Ilegistration nunjber: 300236) Balance Slieet as at 31 December 2024 2024 2023 Note Fixcd assets I"aii8ibl¢ assets 14 49,788 54.030 Ciirre￿t %sset5 Debtors Cash at bank and in Iiand 15 19,565 188,779 41,745 156,585 16 208,344 198.330 Cyeditors: AniouDt$ falling diie within one y¢Ar Net eurr¢llt asset$ 17 {41.417 39.833 166,927 158,497 Net osset$ 216.715 212,527 Fulld5 of the charity: R￿lI.1¢{ed income funds Restricted funds 3,659 3,269 UMiesÉricted iucome Unrestrict¢d futtds 213,056 209.258 Total funds 19 2l6.715 212,527 The financial Statements on pag￿ IU to 27 weir approvcd by the trustees, and authorised for issu¢ on . and signcd on their behalf by.. M Hurley ALling Chair Page 12 Bourne End (Bulkinghamsbire) Community Assoeiation Notes to the Finalleial Statements foi. the Year Li nded 31 December 2024 l Accounlillg policies Staternent Of compliance The fin￿ltial slatenients have bc¢n prepaird in awordancc witli the second edition of tl)¢ Ch2rittes 8tatement of R¢toi)vnendeil Practice issued in October 2019, the Financial Reportiiig Standard applicable iii the United Kin8doJn and liepiibli¢ of JiElat3d IFRS 102} and the Charsties Act 2011. Basls of piEparalion ]3ouTn¢ End (Bu¢kinghamshirel Comtnuiiity Association tneets the dcfinition of a publi¢ benefit entity l￿deJ. FRS 102. The accounts. (financial statements) have been prepaiEd undei the historic&1 cost convention with tems re¢ognised at cost or tran5a¢tion value unless otlitjwise stated in the rel¢vaiit note(s} to these a¢¢ollnts. Goiug eoucer The trUStee8 Lonsider that therr are no maleiial uiicertainties about the ch￿'Ity'S ability to cojitinue as a going conc￿.11. Illcom¢ endowments Voluntary income including donations, gifts, l¢ga¢ies and grants that provide core fiindillg or are of a general natw"c is irco.tsnised when the charity has eDtitlement to the income, it is probable that the in¢ome will be rcceived and the amount ¢an be measured with sufficient reliability. Donattons and legacies recognised ori a receivable basis when re¢¢ipt is probable and the amount can be reliably measured. Gr41its receiv4ble Grants are recogKLi5ed when thc charity has art entitlement to the fi￿d5 and any conditions linked to the grants hav¢ been met. Where pei'foi'mancc condittons are atta¢lied to tlie gtyant ￿)d are yet to be met. the income is IEco8nised as a liability and included onthe balance sheet as delerred income to be released. Deferred IM¢Ottte Deferred incom¥ iepi"esents attiouiits received foi. fvture periods and 58 released to incomiog resowr¢s in the period foi. wl)i¢h, it has been iyceived. IIEvesliiieit¢ iRcoNie tnteiEst is reCo￿l$ed on all acrruals basis atkd inGludcd in the period in ivhich it relates to. Expenditure All expenditu1¢ is reeognised once tliere IE a legal or coiistrllctive obligation to that ¢xpenditiire, it is probable seltlen]eDt is requil'ed ond tlie aTnoutht can be measured reliably. All costs. are dllocated to the applicable exp¢nditure hEadiiJg that aggi'egate similai. ¢osts to tliat tygtegory. Wha"e costs cannot be directly attribiited to parttcular headings they have been allocated oil a basis consistent with tlie us¢ of resource5. Wlth Central stAfY cost5 allocated on th¢ basis of time spelll, and deprtLiatioD t1)￿.geS allo￿ted on thc POTtioi) of tl)e asset's use. Otha. siippoit Gosts are allo¢ated bascd OR Ihe spread of staff costs. Page 13 Bourne End (Bucliinghkm5hire) Community Associatioii Notes to the Financial Statements for the Year Lnded 3J Decembei- 2024 (continued) RfiisiFigfi¢Fids 'I'hcse ai'c costs inGUI'J'ed in atlracting voluntary ih¢ome, the miuagement of investments And those in¢uri'ed in trading activities that iBise fiiiids. CILopÈ¢rtble ficlivilies Charitable sxpenditujt comprises those costs incunyd by thc chaTity in the deliveiy of tts a¢tivities and services for beneficiai'ies. It includes both costs that can be allocated diiE¢tly to such activities and those Costs of an indirect n&tui'e necessary to support tlieni. Suppoyt costs Support costs iiiolude central ￿nCtiOliS and liave been allocated to activity cost categories oji a basis consistent with the use Of resoune5. for example, stalycosls by tl)e litne spent aiid other costs by their u￿ge. Goveruance Losts Th¢s¢ includ¢ the costs attributable to tlie chaiity's compliance with Col￿tItutional and staknitojy requiremcnts, including audit, strategic rnanagement and tlW5tees intetings and reimbiir5ed expenses. Governm¢nt grallts Government grant8 are Jrcognised when the charity lias an entitlement to the fvnd5 and any coiiditions linked to the grants have been met. Grants aTe classifItd as ielatinu eitlier to revenue or to assets. Graiits Telating to rcvenue ar6 iEcognised in income over the period in which th¢ IElated Costs Bre recognised. Grants T¢lating to assets are Ircogmised over thc expected usefiil life of the asset. Whcre part of a grant r¢lating to an a55Et 15 deferred, it is iEcognised a5 deferred income. Tax8tio The ¢hai'ity is cojisidered to pass thc test8 Set out in Para81'aph I Schedule 6 of the Finance Act 2010 and tliei'efore it tneets the definition of a ¢haritsble Company for UK coiyoration tax purposes. Accordingly. the Charity is pottiitially &xeiiipt from taxation in respect of inooine or capital gain5 Teceived witliin categories cnvered by Chapter 3 Part 11 of the Coi'poi'Ation Tax Aet 2010 or Se¢tion 256 of tlie Taxation of Chai'geable Gains Act 1992, lo tlie extent that such income oi. gAinS are appli￿ exolusively to charitable purposes. Tangible fixed assets ttLdividual f]xed assets costing £100.00 oi. mol'e aT¢ initially recorded at cost. Depr¢¢i5Jtion And Amoi'tisation Depi"fcialion is provided on tangiblB fixed asgcts so as to write aff the cost or valuation. less any estimatcd residual value. ovej. their expected useful ¢conomi¢ lire as folltsws-. Asset elAss Fixknii'c. fittings and eqiiipment Leasehold impix>venJents Deprecigtloh ￿ethOd Aiid rAte 10_25D/D $trllÈght liiie basis 2-IOYo Straight line basis Page 14 Bourne li lld (Buckinghamshire) Community Association P4otes to the Fi￿8￿ClaI Statements for the Y¢ai' Ended 31 December 2024 (colltillued) Trade debtor Ti'ade debtors are amounts due from ¢ustomers for tneFch8ndise sold or %¢Jvic&s perfonned in tli6 oidinary Co￿￿e of biisiness. TTade debtor5 ale recognised initially at the h?n5aGtion pyiee. Thcy aTe subsequently measured at amoi'lised cost sing tlie effedive it)tere5t method, less provilion foi. impaimient. A provision for the iinpali'm￿it of ts'ade d¢btoi'$ is establislied when thcre is objeGtive evidence th&t the ch￿lty will not be able to ctslle¢t all amouiits due a¢¢ording to tli¢ orJgiAal tenn5 of th¢ receivables. Ca5b And equivalentg Cash aIid casl) equiv&lents Comprise cash on hand and uall deposits, ￿]d other short-tcrm l)ighly liquid Investments that iradily convertible to a known amowit of ¢dsh aiid are subj¢ct to an in5ignTficant i'isk of change in V￿lie. Tr￿de creditors Trade creditoiE are obliEations to pay for goods or suvices that have beeii acquired in the ordinary Course of business from Suppli￿5. Atcoui)Is payable are classifIed as curi'ent liabilities if the does nol have gn Unc0￿ditIo1￿l right, at tl)¢ end of the reporting period, to defei. settlcfftent of the creditoi. foi. at least hvelve Jnonthg after the repoiting date. If there is an unGoiiditioiial l'ight to defer settlement for at least twelve months after the reportins date, they are presented as Thon-current liabilities. Th￿e are reCO￿lSed initially At the transaction price and subsequently nrasured at amortised ¢ost using the effective inteTest method. Borrowines Inteirst-bearing borrowings are initially recorded at lair value, Jiet of trajsactiot) costs. IntereSt-be￿.i￿g borrowings are subsequently wried at amorlised cosL with tlie differ¢nce betWCEn the proceeds, net of 8nsa¢tlOll costs, and the ￿lloUnt due on redemption being IEcogtLised as a chargc to the Statetnthit of Financial Activities over the period of the relevant boiyowryng. Intei¢st expense is re¢ogllised on the basis of the effective interest method and is included sn interest payable and similar ¢harges. Borrowillgs are classificd as current liabilities unl¢&% thc charity has An unconditional right to defer settitment of ie liability for dt Icast twelve moiitlis aftei. the repoiting dat¢. Fund strutture Utu.￿trIcted income fiind5 are general funds that available foi. use at th¢ tnistees discJEtion in fuitheiEncc of the objeotive8 nf thc charity. REstTi¢ted ineonie fi￿d$ are (1105¢ donated foj. use in R pa¥ticular area OY for specific purposes, the use of whidi is restricted to lliat area or pwpose. Page 15 Bourne End (Buclcingham5hire) Community Association Notes to the Finaiicial Statements foi. the Year Ended 31 December 2024 (eontinlled) Pensions And olhei. post retii'ement obligations The charity opei'atel a defined cojitribution pension scheine which is a pension plan linder which fixed coi)tributiOll6 al'e paid into a i)ett$ion fuiid