GERRARDS CROSS COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity Re¥lrtp*tlon 300264
GERRARDS CROSS COMMUNITY ASSOCIATION LEGALAND ADMINisfRATIVE INFQRMATION Mrs. J. Lester Mrs. M. My Mr. C. Normn Mr J. Rennl4 Charlty numb Prln¢lpAI dqtr•55 8 E•%¢ C¢mmcn G•rrarth Cros$ SL9 7AD Ind•pendent •xamlTrv J M Rulsell FCA Just Audlt & ASUr¢• E*r Common Gtrrards Cro Uckin4hw)drn SL9 7AD Banke HSBC Pk I Corn Markot Hl£h Vfy¢ombe HPB 4RG
GERRARDS CROSS COMMUNITY ASSOCIATION EXEcunvE COMMrrrEE Mt% P. CA(h (re5ryned 2023) Mr. A. Arton (¥l¢rted sjY2023> Vlc• PMkhnt HonorAry Tpwtsr•r Mr. E. G. Hlltrlck (•l•ct•d 5th July 2023) Ek¢t•d MÈmbEr¥ Mn. S. Htrl¢k Mr. M. Law Mr. J. Pthil•ro Mr. S. kn8rish <rMd 8th Ngv•Trer 2023) Mrs. M MAY (•loEt•d 5th July 2023) Mr. S. PlanL Mr. P. &Jtclff& Mr. S. Brldbury. Mr. S. Butch•r. Mr. J. Kudhg11. M& J. L•wl• Ind Mrs. C. Blthop hawe been twt•d on to the Execudv• Commltt••. su8Uen¢lr Mr. S. Pln¢ Mr. P. Sutdtffe. Mr. S. Brldbury 4nd Mr. S. 8u¢th•r have re*igv•ed.
GERRARDS CROSS COMMUNITY ASSOCIATION CONTENTS TruxeW r•port Ind•p•nd•nt rtrport B•lanc• she•t 7-19
GERRARDS CROSS COMMUNITY ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The worklThg and hoHn8 trVSte•s present thplr report and fina11 $¢are1nts for th• yar endèd 31 March 2024. Th• •c¢•uDts have b••n prwred In aecordancè wlth the accountlnz pollEles set out In not• I to the ecounts and tompty wlth the A550clatlon'¥ Deod ofTrust And Revl¥ed COAstu0n. the Charitses Art 2011 and "AccountFn¥ and Reporttng by Charlties: StaternenL of Retommended Practlce applicabl2 to chark5es pr•parhg their aeeounts In accgrdanc• wlth th¢ Rnanelal Reportln¥ StaftdLrd pplkable In the UK and Repubmc of Ir•hnd (FRS 102)" {s mendtd lor a¢eovnttng perlpds tomm•nelnE from l Jants 2016) Oblertlv•¥ and x¢lvld and Obheedvès ofthÈ Charfty To •ncoura8È and promote thÈ wellbeinx of ruidents Gerrnrds Cros5 by pr•vlthns a lod polnt for communlty xtl¥Jty In GÈrrards Cross. A rn•r focus Is on h#lth. educAtlon. and WM1¢Y evenu. Thè Mtmorlal C¢ntr¢ pr•vld•s a rn••t4ng plaee #nd fa¢llkles hr and m•ntl tTrlnln& recMdon. and sodal Interxtlon. Th• Chxrlty ¥kn5 to f05t•r a communlty %plrlt lor the Èehoewèmtbrt of these and oth•r such purpo$s 4$ may by Jaw be deemtd to be tharttabl•. To t•{n •nd • 4 World War 2 m•mtsrnl and a communlty tre hr the &ctlv6th8 promoted by the AstIOn and constltuent m•mbwJk In fvrtherance Of th• •bw• obleeth•s. Acte3 to achleve obj¥rJves. To 2chlevÈ the Assoclkdon' obl•ctfves. th• M•rnorlal C•ntre buHdln85 need to be makntsined In good r•p•ir to en&bla lttr¥e numbets ol people ¢0 meet to pursue educ•tlonaL heath. soclal. and xher aedvftles a5 well as belnz sult•bl f(•r thlrd parr/ Itttlng¥ t• tener•t• Inc?rne. Firae t• m4•ntaln th rnstructure is raised thMu#h membtrship subsrybPtlons. zrnnt donarl•n4 rnntal of the Memorlal C¢ntr• and Youth Centre rooms to elubs •Trd thlrfl rert41 ofth• World War l Bulldinz as gym and fftneÈs centr•. * v•rfety offvn&rnL%lTh8 Èvèn To tsrllkats these atyyitles * sm¥1 n4Knb•r of PAld stsff are employed. Th• As%>ckntlon Is lurther supported by è%t¢nsl¥• n•twork ol volunte¢r¥. StatEment on ¢omplllln wlth Charty Commlsslon Guldanc• Th worklng and h¢lthnx %ru$te$ hava pald du regard to guldanee issued by the Chriry Commhslon In d¢cldlng what aetivitles the A¥4ocltk¥n thoukf undwuk• vAt pollcles and pro¢edure¥ should be ImplEmvrtgd. Th• Assoclatlon's pollcy ts tts consult and dlscuss wlth wftpk•& thrva£h Ar411 cound15 and 4t m••ttnZS mattèn Ilkely to wffert employees. InterEsts. 1n1omi• •f mattrs of c•ncèrTh to eMpltsyeÈs 1$ 8lvn throuzh reports which seek to athv¢ C4xnmon warnness on the part of all ernployw of the finatr)tlal and gconornl£ fv¢rors ffgetkn£ the grr>up'5 p•rfornwThu. Applicatlons for ¢nyloymert ty dlsabled person llr¢ fully eonsldered. bearing In mind thE ruTds of the appllcant ¢an¢erned. In th¢ #vent of mÈmb•rs of xtaff becoming dlsabhd. ery effort Ss made to ensure thi thÈlr employment wlthln the Assocl¥ti•n ¢•ntInls Jnd that the approprit• trtlnlnK Is •rranged. Ir 55 th8 pollcx of th• Ass9rkuon th•t the trnIn1 ar••r d•v•lopmeTht nd prgmotlc>n of ths•bl•d p•r8ons should rake plate. as far as p0551bl*.
GERRARDS CROSS COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2014 Achivemert$ 4Vbd perfornwK• In 202J.24 We present zhese results. whSch show a ¥mall los& in the year of £3,897. We are prticul•rty thankful to those who continued vrtth thlr Sl1ptk•fi1 durlng thL8 porlod nd to those who Made dtsMtion¥ to the A559C•tion and addorlona1 the grnnt from th• Tov4n co11 t• $upport its trknle Iv7 our comTr¥JThlty. Thé long t)eedeiJ mainterbanc xcwd•d the prlor y•aT and thts was onty miti¥at•d by htsr donattons and rentsl inrome. Wt are ako zrntefvl for 411 th• work don&ted by our volunteers wFtho whkh. our a$wcl•tion eotsld not survive. Glvefb thest •XCPtionix tlm5. tt 15 a cre(4¢ to ill that w ble ¢0 report our ba1C£S ¢ £116,544 on 31 March 2024 cornpar•d to £66.598 t 3 1 M•rth 2023. Opwatlnz 54thldl The asxclatk)n op•rntes * subsldlary Corybany caled Gerrnrth Cr058 Communlry S•p•k¢s (GXCS) through which thè hrltfé fiLcllld•s are r. Durfn¥ th¢ year endtd 3 1 March 2024. thls compAThy m•d £1703 wmpared to £6.506 In th pr•vltsus y•ar. Rexrves Tho trusteeÈ tonsldtr thx GXC4 should Wo towrdx bulldlng its Gnrel finanal rexrve4 18 short t¢rm net Uld ws•ts, to ? Itvel of £125.(ILKb. Th• need to malntakn a hLqh l¢vg1 of Ilquld as¥•ts to provkl• adequate worklhx ¢¥plr41. to 8lvt llexlbty tts eovèr hy Ytr. to prtyvlde a finan¢1 ¢4Jihltsn ITh th¢ ¢vent of • major Inekltht impacting revenues, and to provbd• I•Kally règvlred funds In the h181 unllk•ty event ¢1 the Assoclatlon closln On 31 Marth 2024 th• GÈhrnl rnsrv• tl8ur• vrds ll636 #nd th• prlor year w•$ <88.905. The trLtste8s r••W •n • rOknr basls the mthlor r6sks fa¢•d by the A$Soela0rt, Ine5udknz operntlonL rwtatltsnaL ltrgalF regularlty. nd Ilwwiclal rtsks. The tryst••s b•llove tha¢ short term Ilqukl •ts•t¥ should never fall below £SIXOOO. In farf As •xplthttd abov•. th• tsryat level Is far hlzher. Fvrth¢r. th• trust•èB ¢•rry ovt •n re of the key finan¢l81 systems and Pracre$ to ensure thAt pprcprtat• Ilnanclal conTrok ar8 In plarn. Govèrning Document and ConstStLrtlfan Th¢ Assoc1atsn k% &n unincorpoTrt•d g•v•rned by a deed of trust and constitutlon ¢Wnally d&ted 10 (ktsr 1946. This was amended and • reNts•d ¢on¥¢ltutlon ¥dopted on 15 June 2011. Day to dy runnlDg of the Axxociati<)n 1$ del¢8ated tts Executh CommlrL•¢ (the workln¥ whg, tog¢thèr wlth up to two ncmlnac•d $¢ pr•sld¢nts. th offic•rs {PrnsldnL Vl¢¢ President Treuurer) #Ad the holdlni trvststs, co¥Yprise the boty of trustsu as d•lln•d by th• Charftie5 A¢t 2011. DetllJ of the ExecLr¢tv• Commle%•• (th• tn4t8•5> •rn ¥h¢)wn it th¢ b•glnnlr¢ of thes• a¢c•unrk On 22nd M&y 2024 th¢ C•mmlss+•n •ppr¢w¢d ¢he estsbli5hment of ¥J new Charltabl• Incorp&rnted Oryanlstion (CIO). We are curren w•klng rngiitrations for VAT. PAYE ond GFft Ald prl¢r to transf•rfng 5$ets and Il•bllltls tty the new CIO. RÈcvultm•nt and Appolntmort of Trurte• M¢mbers a tho Ex•LWtlv CommFttee (the worklnz tnrstee¥) are wppointed annually. and th•lr appolntmtnt is confirmad 4t thè Annual Genrnl M•etln& The h•ldknA rrustees •re applnt•d for Mfe. All nww trurt¥•s underyo Indu¢tl•n pro¢èss vknereby thoy are InJtru¢ted In thelr dutlei nd obllg•tlons.
GERRARDS CROSS COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Or¥4nlslonal StnKture The Hokwnz Trxee$ 5¢and possessed of ll thg monl•s and hold pr•perty eon¥ryed to them Trurttttrs ofthe A8soclatlon. The Ex•eutlYe Commltte• (the worklng trusteès) appoknu th• Hojdlnll Trurt••s Opernting Corrwnl The AO¢latIon ha5 one wholly owned ¢perntOng sub$ld. Gerrards Cross Communlty Service LlmSted C'GXCS.). which did oper•t• th• Ixr and café f4¢lllrkn. hOw•r thè and Afa hY• been now b••rt franEh15ed FundB held ¢us¢•dlw trqirte• No asset¥ •re held by the A8sodatltsn b•h•lf ol other OrzHnI$4Qn5. Trustee GerdS Cross Communlty Ass4xl#tlon Dad.
GERRARDS CROSS COMMUNITY ASSOCIATION INDEPENDENT EXAMINER¥ REPORT TO THE TRusfEES OF GERRARDS CROSS COMMUNrrY ASSOCIATION I rq¥ort to th• tru¥tw OTh my omlntlon tsf th• Ilrnncf41 K4t•m•nf• of Gerrnnts Cr ComnwrWA¥••d•¢i•n (the A•¥od411•n) f•r th y•ar ended 31 Mweh 2024. th• trtr•S of th• All111 you •re r¢sponslble for th• PrYr of the knclMI stst•m•nrs In a£cryd•• wlth th• regulr•m•nt¥ pf th• Ch4rltkn Art 2011 (th• 2011 kn). lon 145 of th• ZOI l ACL kn ¢arryhz +Xrt my examln•tlon I hw follow•d an th• w111• Dlr•ctt•ni sh•n by th• Charlty Comml%ilDn unrf•r s•Ctlon 145(5)ib) of th• 2011 A th•2011 Ac¢or th• I1 sJt•m•nt• do nrf wmply wlth th• ppll¢bl¢ vaqulr•m•rrts ¢on¢ernlng th• )08 oth•r than any rwulr•Mt th¢ the •c¢ounts £lv• • tpu• f•Jr vS•w vthlrh not mitt•r ¢onsld•rnd u part of an Indwdent examln4tJ¢•n. to v•tth tt•ndon ¥hovkl b• drnwn In thkn r•pgrt In •rd•r to •nabl• a prap•r un4kn1dIl¥ of M RyM•ll FCA JurtAudlt th A*Wr 5L9 7AD
GERRARDS CROSS COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE AccouKr FOR THE YEAR ENDED 31 IMARCH 2024 fiJnd 2024 2023 Dontt8 •nd gr•n¢s 138,669 280.168 76.063 Z580 13&669 280.168 76.063 415 259337 74.224 1.354 Other tpdkng •ctt¥ltbes Invesima T•tAI Inromt 499h80 499. 433.530 Ralslns furbds 125M90 125O90 15&014 Charltbl2 tlItIeS 377.487 371.487 31&049 503.377 503.377 476.063 N•t {•xp•ndltur•)Ilnc¢bnw for th• y•arf N•t mov•m•Tht In filnds (3J97) (3fftY) (41533) Fund balre5 at l AprFI 2023 455.531 455.531 49&064 Fund bAlnce¥ at J l March 2024 451,634 45 1.634 455531 The stxthmtnt of financial Activities irtludes al pkns and Ifwe¥ recozniwl In rhe yer. Al tncom• and expendlture d•rl¥e from ¢onrlYbukn8 aCtlvFtl•s.
GERRARDS CROSS COMMUNITY ASSOCIATION BALANCE SHEEr ASA T31 IVIARCH 2024 2024 2023 Flxed assets Tawble assets lrtvesTmenr5 374,796 364624 14 374.798 366.626 Currnnt w¥•ts D•brws C45h ¥Jt nk ar In hnd 21307 16.S44 S423 66.598 lJ8051 121.421 Cr•dltt•rw wnouDr4 fAllln8 du• wlthjn one ysar 16 (62.015) (32516) current wets 76M36 90S Tot•1 $tS les eurrtht Ilabllltles 45134 455.531 Imttyme fvnds D•ilsThatd lund¥ Genornl threstrlcted fimd 37330 417.7Ql 451.634 451.634 455531 451.634 45553 1 The acCOw were appraved by tha TAtee& on .. Truite G¢rrnvd• cra CoMMunlty AssKl*t14)
GERRARDS CROSS COMMUNITY ASSOCIATION NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ar¢08 pollcl Ch•rtty Infomthtlon Gerrnrds Crvss Communiry AedatIon Is aTh unlht¢wpornted bo¢ty zoYern¢d by 4 deed of trust and £onstTtutign ori¥inwLIty dated 10 O¢t•b•r 194& wa$ AmwKled and a r•vS4ad c•nsdtudan wks adopted on 15 Junè 2011. Vrfh•tfolkbw5 comm•nsur4re YAth the r•vls•d ronstlwdon. Thè prlnelpal addre ofthe ¢hTrity The mem•r1 Centr4 8 E•stCommon. GErrrth cro Buckln8hamshlr4 SL9 7AD. 1.1 Acctsuntlnz ¢onvwrtlon Th• ¥c¢ounts ha be¢n pr8p4red under th• hlst•rlcl Cost convention wlth the vAt•ptlorb ofthe rtvald•n offc<ed asset inv•Kmw ThE flnnclal Jtstement¥ Ar• pr•par•d In St•1 v#hkh ts the fwKtlon•l ¢urr•They of th• AetIOn. Mon•tary amounts In th• f¢14tternnts are rIn 0 the ne4rex L Th• Iln•rKlal SE•¢tr hav• b•Bh pr•par•d undtr the hltortcal cost c¢nYÈntyon. modhled t<¥ Inck¥d¢ the revaluatlon #f frè¢hgld prop•rtl•s and to Includ• Inv•sImt PrortIa% and crtaln n¢1 Instrnrnonts at FaSr vlu•. Th• prlntAI accountlng pollci¢s adopted ar set eut below. 1.2 Golnx ¢on¢•vn At th¢ of wrovln8 thÈ flnanclal 5tt•ments. the trustees rewsonable expect4tion that the AsSOCi4tlon has ad•91¥ f•S¢Wrtes to ¢¢nrlnuè t¥pertloNI •xlrt8nc• ft>r th• for•sblE future. Thus the trustw contlnue to •dopt the soln8 concrn bttsis of prep4dne the flmnehl stat¢m•nt& 1.3 Chw4tbk fi•nd Unrestricted fid ttrÈ avaifabl• f¢r LM t th• dtstrètl •f the trust& In fUrtranCe of thalr drbIt oblertlves. Dwlgn•¢ed funth compr15e funds whlch have b•on set slde at the dl%ctYtJon of the trnstees for
pecifie purp05t5. ThÈ Pur¥•¥ nd us•% of the d•sn4tsd fvnd$ are s•t ou¢ In th• n•t•¥ tp th•
Ilnttnclal Statements. Re¥trl¢t•d funds Restrictsd thr• Sub¢¢ to sp¢dfle condltlons by donors $ ro how th•y my be u$od. Tho purposks and uses of th• r•strkt¢d funds arn Set out In the not3 to the account 1.4 InMm• Income recognls•d In the perlod In whlch the Assoclatlon Is entitled to recelpt and the arnouht be rnasured rekabty. Income Is d•f•rr•d onty when th¢ Assoelatfjon has to fulnl condltlons bèfore becomlng entitled ¢0 IE gr yre the donor SPEelfied that th• Incomè ts to be expended In • fvtur p•rlod. Donitions Donatlorni rn account for on a euh bash. Grft aid on drMtlon$ art cOUnted for when th• don&don hts$ be¢n r•porttd on * ¢Wm form %ubmltted to H.M. Rtv•nu• and Custom& Legtles L•8acl•s ar• InchJd•d when the Aswciation Is dvls•d by th p•rnl r•pres•ntatJw e¥r•t• payrmnt VAII b• m•d or property transferred and tho Invofv•d can b•
GERRARDS CROSS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEME1 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢oUntl polkl• Grants rttéi&b Grnnts Are accounted f¢r •ther on basls or arcrual b&sTS Y#hen the raeelpt of a ZTnt In a subs•qu•nt y••r ts deemed to b• undoubt•d. Sthrlptkns Annual m•rf¢r¥htp $ubscrlptk>n r lor on * £45h recelved bllsi 1.5 EypÈndlture Exp¢ndhurt is reeo£nlsed Once thÈrn Is * legal or eoftstructfve <•blDtkn to m•ke a p•yrnurt to thlrd party. probable that settlpment wlll be rèqulred and the am¢>unt ofth• ObltIOn can bo m04sur•d rellabty. E¥pgndl¢urn l¥ ¢l•xll•d under the following #¢ti¥ryty he(knp: E¥p•ndlvJr8 on rtsln8fufbds Expenditure on rni¥51ng fvnds cornprls• th• cost of Ktlvld•• or8wnl¥¢d by thè Aso¢l4tl•n f•r genern$ fvnds and Include the cost of commertitil •edvltle¥ suth lumble ¥e and •dv•rtlslng and th•lr 4uo¢ht•d support costs. Expendl¢Wt OA chrsrAblè etJfftleJ Expendi¢uf¢ Cn crItable ictfvitl•s rprns¢nts costs incurrtd In mÈetin¥ the Assoeitlon th4ritsbJe 0et¥t& nAmety tht proylilorb tsf a communSty cenrr• and m•lnt•nnte wAr memorlèl and their &soelated ¥upport coxts. Othw èxp¢ndiwr• Other expendlrurn repr•sents thoM Itèms not fllln¥ Into any •ther Alloutlon ofsuppOrrXS Support costs #r¢ costs In respart of tentral atfmlnlstr#I and th• £•sts of compnCe vAth c¢nstlttrtlol stytutory requlrements. Support costs Includ ¥taff 8•n•r¥l dm1n15trn0n gc>YrnanCe costs whleh support th• •thlttes ¢)f the Aso¢la¢k•n ln furtherCe ctable obJ¢ctlves. Ths• tests h•ve been 8No¢¢od to th• r•hNwbt ¥¢vY (¥3t ctepry th¢y ¥upporL Th• bwl¥ on whkh support costs hove b•en llocat•d •v• t•t out natE IQ. IA Tanble Ilx•d amets Tanglble fixed ttisets r• InItTr m¢asurd t cost and sth%w4uently measur4d at cort valuatlon. net efdeprÈtiation and any IMrni¢t Igsw. Deprttlatlon Is rec%wised Jo as to wt4te off the fost gr wlyatloth of •¥Mts th•lr rtrldual vlus ¢v•r th•lr us4ul Ilv¢s on th• folk)w5n8 bu•s.' Colston H41 Offt¢• aquSpm•nt 20% stTrl8ht Iln• l 0% rtral8ht Iln• b•sls The Zaln or loss arlslns on the dlsposal of an asset Is determlned 85 the dhYerenEe betr+een the sale pr•¢•*ds th• carrylng vahje of the Ind l¥ recozni5ed in het Ineomel(expendityr•) lor th• ye#r.
GERRARDS CROSS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ar¢otsntin8 polities l.Y Flxed au•t Invortments Flxed asset Investments are lfvtthlty mÈasured at trn%ctk>n prlce •xeludln£ traCtION tost& and r• subs•qu•ntly m•asur•d at tslr va14K At e#¢h rportSng Chnx¢s In falr r•co8Trl%•d In nt IncoM•l(Èxpd1rt) for the y•ar. Tran¥a¢tlon costsqre expensed as Incurred. A subsldSary l¥ an entlty controlled by tht A8$oclatlon. Control ts the power to govern the fin?nchl nd operntlng pollele5 of the entlty so u to obtsln benefirs Irty Irts ctlvld•5. 1.8 Impalrni•nt orfsJx•d w•ts At ¢ach r•portln¥ •nd dat. the A8sodtlon rwlevls the c•rrylThg mount¥ of Its tanglble usots to det•rnilne wthether there is #ny indittlon that th have Suffered iryalrment k•SS. If any such Indlctlon 4x15¢5. the r0verble amount of th• ¥et 1> e5tkn¢ed In ordtr ¢9 dlternilne the extrnt of th• Wlrn••nt 1055 (if •ny). Cash and ush •¢wfvaJènts Include ush In hhd, dÈpo#lr held t cll wlth ¢)thr thort- twm Ilquld Inv•stm•nts wlth orl¥knBI maturltles of three monthl or les& and bank overdrfts. Bank o¥erdr•fts Ar• shown borrowlnz¥ In ¢urr•n¢ l•Abiliti•s. I. I OFlnanell IybStr4iihtnts Th¢ Assodatlon h4$ ¢l•ct•d w •pply th• provl¥loN of 5•ctlM I I 'B4¥k Flnanclal In#trum•nts' and S•ctlgn 12 'oth Rnarthl InstNmÈnts Issuex. ol FRS 102 tc all of its finahdal Instrumertts. Fln4n¢l41 lJwument¥ art rncognrs In th• Asseckntlon's an£• %h••t wh•n th• Assoclatl¢)n beeomes party to the tonvacwAI prt)vlst¢N of th• Instrum¢nL ndul •ss¢ts nd Ilthllltles are offseL with the net •mounts pres1•d In the ljrbanclal tat•mnts. when there 15 4 ltzally errforceablo r4ht to Set off the recoznised amounts and there an Irbtontlon t• on a net b#¥l$ tx to r•4115• th• and i•td• the Ilablllty slrnvlune0uy. Ba%lc fln•nclal ass•ts. whkh Includt debtory and ¢sh thd k bnlanc•s. Ar• lttltllty meuure(I •t tyansxtlon prlee knedIr tTrnsartlon costs and are subseqLWltly rxrrled 4t amortlmd cort uxlng the effectlvè irrterest method unless th• arran4•m8nt c0nstityJt a flnanclng trnnxtsctlon. Ydhere the tran5actlon 1$ me£sured t the prestnt value of th• future recpipts discounted at mark•t rnte of Int•rwL Hmnclal assets rla5slfied os recefvb wlthln oxe year ¥r¢ not amortFsed. Ba3lc ffinDnclal Il•bllltle& includlng eredltors and bank lottns are Inltlttlly recozni¥ed at trAnsoTr prlce unles¥ the #rran¥èment constitut• * nhxncin¥ traIrtIo vkner• the d¢lx in>trument ts mèttsured at the prtsent value of thg firture pyments dlcounted at • m•rket rnte of Int¥est Rnanelal Uablke% cl¥M5flgd as payabl• vAthln on• >wr ar• no¢ arnortbod. Deb¢ InitrumeThts ar• %ubs•quertly cllrrS•d at amDrtlsed cos¢ uslng the effectlve Inwwt rx• Trade creditorn •re ¢tsl1zxtio to ptty for podi or s•r¥itw hYe be•n wulre41 in the ordlnary Cxrs0 of opvatlons from suppltérs. Arnount& pxyabl• #re dassllled as currgrrt Ilubllths tf paymont 15 du• wkhln one year or Iw. 11 noL they are presented u non<urrent
GERRARDS CROSS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accourtkng polbtl• Der•coKnltlon Of Ilnondol tttybllltl¢• Flnaneknl b4b1llt1 are dereco8ni3ed vkntn the A¥6octsdon's contraetual obtIonS Èxplre or re dIschad or cancellod. 1.1 i employ•• b•n•llts Thfr c05t of any unused hollday ÈntJtl•m8n¢ Is TolSed In the perlod In whkh the empbgyee'> seThk•s r• rttelY¢d. Termlnatlon bOfF reco1$e IMrnedltÈFy as #n wJens¢ whtrn the A•socSètlon 1$ demonirrnbty commftt•d to termlnot¢ the èmployment of an employee or to provlde 1.12kn¢lr•m¢nt b•n•fits ymènts to d•fined contrlbutlon retlrem•nt b•nfft sth¢m¢$ •r• ¢haryed •s an pee 1.1 JCah Fltsv Stt•mÉnt Tht acttyjyts do hX Include • lknw ¥tyternent becRu5e th¢ A550cllltloft ttnd Its groupp small report1 entltle5 are exempt from the requtrement to Prere ¥u¢h st•¢ernents under RftAnclal R•portFng Sr4nd8rd l. 'Ca5h llow STht¢mènts'. 1.14TNxAtho The A55ociation 1% not Ilable to Iorn• or c4ptsl on It% chrltsbh actlvltl•E. Jrrec•ver4ble VAT Is •pportioned ¥ainst r•l•vnt •xp•ndlture categorlos. 1.1 SGroup finaD¢lal s¢xt•mw•ts Consofthted accounts are ntst pres•nted becau the Ass•¢ltbon t4dv#nrw of the provlslons of rezraPh 24.12 of th SORP. The of the tr4dlnz $ub$ldry. G•rrards Cross Communlty Ser4lces Llmited. •rt in¢a In a not to th•s accounts. Crltlcal COurt1S e¥timntos •nd lud8ern In th• appllcatlon of the A5SQCintion'i tcounflr•g polkles. the trustees are requlr•d mak• ILtdgements. es[rAt 4rKI assUrnPtlons about th• carrylng amount of a55•ts ané habIlwti that are not readlty appar•nt from <)ther sourc. ThE •stlmates and assockntqd A55UmPtlon¥ dr• based on histDral experlence and tsth•r f4cror¥ that are consldered to be relev7nL Act¥ results may dlffer from thÈsè esrna estm•t•s ttd undertylng aBsumptlotss rvlow•d •n On onx•lnz b•skn. R•vl¥l¢>ns t¢ accountlng e¥tlmates art reeo8nlsd In the p•rkxl kn whFth th• •srlmat• Is r•vls•d wh•re th• revtsl•n aff•¢ts •nly that rIg& or In th• ptrkd of thè reviiion and future perl•d¥ vih•r• th the révljlon affeets both current nd fure peritids. io
GERRARDS CROSS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (coKnNUED) FOR THE YEAR ENDED 31 MARCH 2024 IDconi¢ from donthins And grathts funds fvnd• funds fund$ 2024 2024 202 2(ll3 2023 D#nti•rbS and glft¥ Grants M•mb•r8hlp fees 102,199 25,000 11.470 102.199 25.000 1.470 SS.305 26.51 16.610 55,305 woo 14610 13&669 134669 94415 91.415 Donatlons ¥ifts Summer school Th• Vrfyk• Ltd Anonymous Glft •*J 111118 I IM18 20.000 20.000 3218 5.237 20,OCKI 20.fXK) 3.218 5237 79.735 79.735 IOX199 102.199 55.305 55.305 Co¢51 Butkln%hams Arectory Grant Other 25.000 1.500 i.soo 25.000 26.500 26
GERRARDS CROSS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 JMARCH 2024 Inttsrne from ¢hArltable actlvltl•s Totsl ehArltoble 5.04Q 280.026 254.384 142 Rèntal and anc111 Inu>h)e Photocopylng and ¥•ndkn8 280,026 142 28Q026 142 280.168 259.537 2024 2023 Management fees GXCS Ltd &040 5.040 IoMe from oth•rtr•dln£ •rti¥ltl•¥ 2024 2023 Jwnbk le Flr•work dKpky ook sal•s Annual 36.063 16.183 S3 19.532 4.232 33.362 19 196 15.936 S.6¥2 Ine•m• fr•m oth•r tr0 K¢Md•s 76.063 74.224 12
GERRARDS CROSS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Iheorne from 1ttvèstmtt ds 2024 2023 Iht•rètt rtcÈl¥xblè 1580 lJ54 Exp•ndliyr• •n r•l•lnz fimds 2024 2023 6.719 7.784 Fk•Ndrky And publicr¢y 719 7.784 JurnblE sale Flr¢work dlspkny 5.775 5.359 14913 422 90.702 &622 7.986 29.527 IX116 105.079 A¢fvertl$lng ind P0t1 Oth•r tradlne Costs 19.171 150230 125.890 15&014 Other inrom• 2024 20ZI Othv in¢oTh-IDJurnnc• cknlrh prn¢*•ds 13
GERRARDS CROSS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Support ¢o¥ts SupportGovernnee 2024 2023 of lloc•tlon Stsff tosts D¢prtcitlorJ P05ty and t•lhon• Prlntjng and statlonory l.T, expwltr¢ Photo¢opylnzand v4ndlns 3.359 3.359 1.810 3.092 Altor4t•d on tlrr 1.310 &&ppor¢ &apporE Z732 Support 6.569 Supyrt 4.802 Support 1.900 SPOrt 1.717 Swpport 1472 Support 25.698 Pport 5.300 Support 1&758 Gov•rrwK IAIO 876 &022 5.852 876 022 5.852 Other rwlrs And Sundry UnrKcv•rbl• VAT Bd Debt Le8al •nd prof•ulonal 264 7,6n 24.781 150) 7.6n 24.781 (2.150) 2&922 2&922 46.187 3Z281 7&150 2023 Analysed betWn Chritable acdvltl¢¥ sisoo 21650 75.159 Governance includes an mDUDt of Cl,200 (2023: £450) for v4n Ind•p•ndert Ex4minatlon f& I l Trn¥t• 5 well a5 donatln¥ their ¢lm• •xp•rtls• durthz 2024 th• trust•es md unc(dItIOnal donakn of QO.000 (2Q3: £nlQ to the Ch•rJty. 15
GERRARDS CROSS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employe Nthiber ol Mp•S The av•rag monthty number of employee# durlng th• y•ar 2024 2023 Numb•r Dlrert ch•rJtabl• aetlv6tles Man4emwt and xdmlnlrtratlgn employm•Trt colts 2022 Wws and salarf Sotlal $8curlty c•sts Other p••Trsion ¢vsts 155.258 9.426 3.283 178.914 11.933 3.744 167.967 194591 Th•r• w•r¥ no •mploy••¥ r•ffiunertlon £6QOOO or m•r•. 13 Tnilbl• fix•d Totsi Co At l Ayil 2023 AddMonJ in y•ar 330.423 91.055 7.757 454 13,982 9528 443.217 9.9K2 At 31 Marth 2024 330.423 91.055 &211 23,510 4S3.199 Depreatttion •nd lmpthirnrtt At l Aprll 2023 Deprtdation chryed In the year 59.781 6,140 10.6n 1.410 7&593 1,810 At 3 1 March 2024 S9.781 11082 7&403 At3 1 Marth 2024 330.423 31274 Ih71 11.428 374.796 At 31 March 2023 330.423 31.274 1,617 3.31Q 366.624 AJI sstts ar• uaèd lor th•rit*bl• Purpo
GERRARDS CROSS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 14 FbE¢d auet Inve¥tmÈnts At l Aprll 2023 & 3 1 Mlrch 2024 CarrylTr¢ am¢•¢ At31 March 2f24 At 31 March 2023 2024 2023 15 D•bt• 1024 2023 Amounts fllln8 due within ¢me Tr4& d¢bwpJ Arnrrts •w•d by Eubslthry d•rtaklnss Other Prp8ym•nts and accrued In¢ome 15286 1.325 23 5.673 11.576 20.000 21.996 21307 54x23 Gerranls Cr$ Communlty S•rvlets Umlt•d An •mouTht of £1.325 (2023.. £11,576) du• by the •s¥oCIaon) Is du• by G•rrnrds Cross Communlty S•rvlc•s Ltd to th• Assocltl¢>n As 4t the yor end. 17-
GERRARDS CROSS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 CrEt•18. amounts hlllng du withln I¢ y••r 2024 2023 Trade creditors Other twtion and social SetrIty 18.342 (1257> 10,165 34.765 5574 8.086 6.824 J1032 Accr1$ and deferred InEorne 61015 31516 17 Dwlgn¥t•d fun Th• Incom¢ fvnds of th• thadty Includ th• folhwln8 d•51znatgd fwd5 whkh hav• bwi ¥•¢ Id¢ Of unrestrlcted fun& by the trwt8•s for ip•cine purpo5•L l Apr11202Z IAy112 JI Mllvfh 2024 Youth r•ht• rIvrA 37.830 37.830 I3730) 37 830 37.830 (J7A30) 37WO Durlng the Yr. a doltIon of £NII (2023.. £Nif) mde by the Gerrnrds Crw Under 2trs clu The trustees of the Youth Club havè #gMed thèsa fvndj sh•ukl n• bng•r be re8¥ded •% dslgMted funds. 18 Flnancknl mMItMentS gU•rant• ¢ontln¥8nt IINbllltl•s at the repvr¢ln¥ •ftd daw th• chrlty hd •uty¢•ndln¥ MmItMentS frr futJJre mlnlmum pymerrts under non•c¥ncellable sub$crlptlon 8rnements ol £NII 12023.. £1.938)
GERRARDS CROSS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 19 RelAted p4rty tran••ctlon8 ft¢munevatlon of k•y mal•M•nt Perne1 Th r¢mun•r4tlon of key management r80me1 Is f¢lowL 2024 2023 51083 4&894 20 Subslthrltg These flrMncSal Aat•ments r• s•parnt• A¥¥o¢ltlon flnanclal Atements ter thè ye¥ •ndÈd 3 1 March 2024. Details of the Aswcl•tl•n's $ubsIdrI at 31 March 2024 ar• as k•lowL' Ntyme of undert4kln8 R•8lst•r•d Nature of Cknof X H•ld Gerrrd$ Cro35 Commynty Servkes Provlslon ofbar and cf• Ordknary Th• wgyegate cwtal and reser••8 th uk for the year of subsidhrlE5 excluded from ¢onsolldat5on foll¢)Y Mwn• und•rtthln8 ProlW(Lou> CWtl nd G•rrnrd$ Cro Communly Serylces 1703 13971