MARLOW COMMUNITY ASSOCIATION Charity number300301 TRUSTEES ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2024
MARLOW COMMUNITY ASSOCIATION Trustees Annual Report forthe year ended 31st December 2024 Name of Charity Martow Community Association Re8lstered Number 3301 Legal Form: Unincorporated Charitable Trust Governlng Document The Constitution was adopted on 13th May 1967. amended at a Special General Meeting on Thursday 17th February 2IXX) to bTin8 it into line with new requirements and arnended again on 2tst March 2013. Address: Liston Hall. Chapel Street. Marlow. Buckinghamshire. SL7 IDD Charity Trustees We all members of the General Council during the year ended 31st December 2024. A list of the trustees is held in the MCA Office. Method of Appointment: l. Members of the Executive Committee 2. One Trustee is nominated by each Section and Affiliated or8anisation 3. Ordinary members may be appointed asTru5tees at theAGM up to an equivalent number nominated in 2 above. Holdlnz TNstee&' Mr G FletL Mrs C Wesson and Mr R Wilson (We are sad to report that subsequent to the year end, Mrs Wesson dled In February 20251 Chairman Vice Chairman Honorary Secretary Honorary Treasurer Mr Richard Scott Vacant Mrs Ruth Coster Mrs Laura Hobson Bankers: Uoyd5 Bank plc Charities Official Investrnent Fund (COIF). One An8el Lane, London, EC4R 3AB Independent Examlner. Mr Rogersmith FCA 6 Beaufort Close, Marlow. SL7 IEN Objects: The Objetts of the Association are: l. To promote the benefit of the inhabitants of Marlow and the neighbourhood Ihereinafter call the 'area of benefit'l without distinction of sex. sexual orientation. race or of political, reli8lOUs or other opinions, by associatin8 together the said inhabitants and the local authorities. voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants. 2. To maintain and manage a Community Centre in furtherance of these objects. 3. To promote such othercharitable purposes as may from time tottme be determined.
MARLOW COMMUNITY ASSOCIATION Trustees Report on the Finanaal Activities of the Assoclation: In accordance with the adopted accounting policy. the independently examined Statement of Financial activities and Balance Sheet of the Association for the year ended 31st December 2024 are included wlth thls report. The Trustees would like to acknowledge all those who helped the Association achieve an excellent financial result. Our bookings provided a solid increase in letting revenue when compared to the previous year. The Statement of Financial Activities for the Assoclatlon shows a surplus of £7,744 for the year 12023 surplus £16,488). In line with our accounting policy, we continue to depreciate our assets on a straight-line basis and depreciation of £6.05012023 £5,841) has been charged in arrivin8 at this yearfs surplus. This figure has increased due to additions to our assets of £7.059. Income from lettings was slightly below the previous year and is reflected in the figures- 2023 £53,97412023 £54,936). The Sectlons and Affiliated charities, organisations and other communlty 8roups still enjoy advantageous rates; in 2024 it is estimated that they received a charitable benefit in excess of £38.290 {2023 £37,2O)l in reduced char8es when compared to our commerclal rates. Letting charges are reviewed annually and from tst January 2024, they Increased by a rate broadly In line with the rate of inflation. A slmllar Increase was applled from I January 2025. The Association has five Sections- Brld8e Club, Do8 Trainln& Parents and Toddlers, Cameo Lunch Club and Friday Lunch Club and the results of their activities are consolidated in these account5. They recorded a surplus of £801 {2023 surplus £4,021). Our Carnival was held in September, but we were unable to hold our usual procession. Nevertheless, thanks to the hard work of our Carnival committee. a surplus of £2,472 {2023 £2,174) was achieved. The Carnival date for 2025 Is Saturday 13 September. Interest on savings in the Charities Official Investment Fund has improved over recent years due to increasing interest rates. No changes have been made to the investment strategy during this financial year. Routine maintenance costs In 2024 amounted to £12.409 {2023 £6.7931 which included several one-off items. We also capitalised the cost of new fire alamis and new ener8y savlng lightlng in the main hall and Garden room {£7.0591. All our letting rooms are now in very good condition. Other costs remained broadly in line with our budget, but in 2025, we wlll continue to face increased costs of energy. Our Balance Sheet remains strong with £23,457 (2023 £12,664} in the COIF deposit account and £25,70912023 £28,903) in our unrestricted current accounts. The Executive comMee keeps the cash position under regular review and is confident that the cash position is sufficient to cover normal operating c05ts for the next twelve months. At the year-end. we had reserves of £214,085 {2023 £206,341). which included £34,034 12023 £33,233) in restricted income funds. The General Maintenance Reserve standing at £4,000 (2023 £4,000) is included in the restricted income funds.
MARLOW COMMUNITY ASSOCIATION Thank you to all those who assist with the day to day running of the Association, help with the Sections and support our fund-raising activities. Our thanks go also to members of the Executive Committee, who meet at least six times each year Cindy Gillies who runs our administratlon office with outstanding efficiency and to her husband Donald who. as Cleaner and Handyman, together keep Liston Hall in good order. We continue to maintain the high quality of our letting rooms and they are equal to any other rwms available for hire in the town. Trustees Responslbllltles The Trustee5 are required to prepare a Financial Statement for each financial year, which give a true and fair view of the state of affairs of the charity and of the surplus or deficit for that period. In preparing this Financial Statement the Trustees are required to". l. Selert suitable accounting policies and then apply them consistently. 2. Make judgments and estimates that are reasonable and prudent. 3. State whether applicable accounting standards have been followed, subject to any materlal departures disclosed and explained in the Financial Statement. 4. Prepare the Financial Statements on an on8oln8 basls unless it is inappropriate. The Trustees are sponSIble for keeping proper accounting retords, whlch dlsclose wlth reasonable accuracy at any time the financial position of the Trust. safeguarding the Chari$ assets and for takin8 reasonable steps for the prevention and detertion of fraud and other irregularities. An Independent Examinerexamines the annual report and accounts and has issued an unqualified report. The Tr ees (the General Council} met three tirn in the last year. Th ryg*ees Annual Report and Accounts will be psented to the General Council at its Annual al'meeting to eld on 26 Marth 2025. Honora hairman and Trustee 12 March 2025
Marlow Community Association Registered Charlty No. 31x1301 Statement of Financial Activities For the year to 31st December 2024 Unrestrkted Restricted funds iworne funds Totsl funds Prlor year funds Incomlnz resources (Note 3) Income from: Lettin8S Income from Se¢tlons activities Fund raisin8 artivities Donations Investments Membership subscriptions Other Total Resources expended (Nots 41 Expenditure on: Raising funds Charitable activities Costs of Section artivrties Other Total 53.974 7.772 6,199 717 792 512 53,974 17,120 6,199 717 792 512 54.936 20,404 6,779 30 532 560 130 83,371 9.348 69,966 9,348 79,314 3,478 59,545 3,478 59,545 8,547 4,298 53,662 8,923 8,547 63.023 8,547 71,570 66,883 Net Incornellexpendlture} before Investment 8a1nsll1se$) Transfers between funds Net movement In funds 6.943 801 7,744 16,488 6,943 801 7,744 16,488 Reconclllatlon of lunds: Total funds brought forward Totsl fvnds carried forward 173,108 180,051 33,233 34.034 206.341 214,085 189,853 206,341
Marlow Community Association Reglstered CharSty No. 31x1301 Balance Sheet As at 31st December 2024 Un[estrIrt Restrlrted Totsl thls fvnds 1ThMe funds Total last vear year Flxed assets Tangible assets Investments {Note 61 (Note 71 Totsl fixed 138.829 138,829 137,820 23.457 16 .286 23,457 162,286 12,664 150,484 CuNent assets Debt*ws (Note 81 Cash at bank and In hand (Notss 9& 101 Totsl currenl 2.939 2,939 3,349 25.789 .728 34.034 4,034 59,823 62,762 62,216 65,565 Credltors: amounts falllng due wlthln o year IN¢)te 111 10,963 10,963 9,708 Net rrent assetsl{Ilabllldesl 51,799 S5.857 Tth•l ass•ts less wrrent Ilabll 51 34.034 14,085 206,341 Funds ofthe (rIty Restrlct8d Income funds (Note 121 Unrestrlrted funds Revaluatlon reserve 34,034 34,034 180,051 33,233 173,108 180.051 Totsl lund 180,051 34,034 214,085 206,341 Signed by the treasurer. a trustee on behalf of all the trustees Date of roval //•sJ,. aura Holison
Marlow Community Association Registered Charity No. 300301 Notes to the accounts for the year to 31st December 2024 Note I: B351s of preparation 1.1 Basis of accountlng. The accounts have been prepad on the basis of historical cost in accordance with the Statement of Recommended Prartice-. Accounting and Reporting by Charitie5 and in accordance with the Financial Reporting Standard appllcable in the UK IFRS 1021 issued on 16th JU 2014 and with the Charities Act 2011. 1.2 Golng concern. The accounts are prepared on a going concern basis: there belng no material uncertainties that cast doubt on the charity's abllity to continue as a golng concern. 1.3 Change of accountlng pollcy. The accounts present a true and fair view uslng the accounting policies adopted and outlined in note 2. 1.4 Changes to ac¢ountln8 estlmates. There has been no chan8e to accounting estimates in the reportin8 year. Note 2: Accountlnz pollcles 2.1 Income: Recognltlon of Incorne. Income Is included in the Statement of Financial Activities when the charity becomes entitled to the resources. when the trustee5 are virtually certain they wlll receive the resources and when the monetary value can be measured with sufficient reliability. Offsettln8. There has been no offsetting of assets and liabilities. or income and expenditure in the accounts. 2.2 Expendlture and Llabllftles: Llablllty recognition. Liabilities are recognlsed when It is more Ilkely than not that there is a legal or constructrve obligation to pay out sOurceS and the amount of the obligation can be measured with reasonable certainty. Admlnlstratlon and go¥ernan¢e costs. Includes 311 costs involving the public accountability of the charity and its compliance with regulation and good practice, and the legal, accounting and administrative costs of trustees in the furtherance of their duties. 2.3 Assets: Tangible fixed assets. Freehold land and buildings are valued at cost plus rebuildlng and other major additions. Fixtures and fittings are capitalised if they can be used for more than one year and normally cost more than £100. They are valued at cost and are written off over seven years with a full year's depreciation in the year of purchase. Computers and other technology assets are capitalised rfthey can be used for more than one year and usually cost more than £ICM). They are valued at cost and are written off over three years with a full yearfs depreciation in the year of purchase. Debtors. These are meo5ured on initial recognition takin8 into account any agreed discounts and advance payments by the charity-
This Year Last Year Note 3 . Analysls of incomlng resources 54,936 Lettings Income from Sections actNities Cameo Club Dog Training Club Bridge Club Parents and Toddlers Club Friday Club Fund raising 3Ctivities Carnival 100 Club Other events Donations Investments Membership subscriptions other 53,974 2,799 6.664 I,oii 1,477 5.169 3,590 8,196 1,170 1,925 S,523 20,404 17.120 5.683 516 6,156 623 6,199 717 792 512 6,779 30 532 560 130 83,371 79,314 Note 4: Analysls of resources expended Raisin8 funds Carnival 100 Club Charitable activltles Cleanin& caretaking etc. Salaries Rates and Water Heat and light Maintenance Administration and 8overnance costs Subscriptions Other costs Depreciation (Notes 2 and 6} Costs of Settlon activities Cameo Club Dog Training Club Bridge Club Parents and Toddlers Club Friday Club 3,982 316 3,211 267 3,478 4,298 9.263 13,675 2.618 7,CK15 12,409 9,440 13,195 2,391 7,442 6,793 927 1.089 926 1,126 47,821 5,841 53,495 6,050 1,475 3,358 1.459 3,396 297 3,395 246 8,547 71,570 8,923 66,883
This Year Last Year Ntrte S: Trustee expenses Included in administr*itin and governan costs: Number of trustees who were paid expense5 Total administrative expenses paid Note 6: Tanglble fixed a55ets Freehold land and bulldlngs Net book value of furniture, fittin8s and techno108Y brought forward Additions durlng year 115.366 115,366 22.454 7,059 29.513 6.050 12,712 15,583 28,295 5.841 Depreciation charge for the year Net book value of furniture. fittings and techno108V carried forward Net book value of tangible assets carrled forward 23,463 138,829 22,4S4 137,820 Note 7: Investments COIF Charities Investment Fund 23,457 12,664 Note 8: Debtors and prepayments Prepayments and debtors 2,939 3,349 Note 9: Cash at bank and In hand Cash at bank Unrestricted funds Restrlcted fund5 Held on behalf of Section5 Cash held by sections Cameo Club Dog Tralning Club Bridge Club Parents and Toddlers Club Frlday Club 25.709 28,903 3.739 33,448 3,739 36,642 4,682 19.Crf)4 826 1,115 668 4,175 18.287 1,039 1,293 26,295 59.743 25,494 62,136 80 Cash in hand 59,823 62,216
This Last Year Year Note 10: Cash at bank and in hand relating to fvnds Restricted income funds (Note 121 Unrestricted funds 34,034 25,789 59,823 33.233 28,983 62,216 Nrte 11: Creditor5 and accrua Creditors and accruals 10.963 9,708 Note 12: Restrlrted IKome fvnds Relates to the following.. Cameo Club Dog Training Club Bridge Club Parents and Toddlers Club Frlday Club 5,266 19.iJ)4 826 1,116 3.823 30,034 4.758 18.287 1,039 1,294 3,855 29,233 4,000 33,233 Maintenance reserve 34.034
Marlow Community Association Registered Charlty No. 300301 Independent Examinerfs report to the Trustees of Marlow Commynlty Assoclation I report on the ac¢ounts of Marlow Cornmunity Association for the year ended 31 December 2024, which are set out on pages I to 6. Respective re5ponslblltties of trustees and exarniner: The chariVs trustees are responsible for the preparation of the accounts. The charivs trustees consider that an audit is not required for th year under section 144 of the Charities Art 2011 (the Charities Actl and that an independent examination is needed. tt Is my responslblllty to: • examine the accounts under settion 145 of the Charities Act • to follow the procedures laid down in the general Directions 8Nen by the Charity Commission under section 14515llbl of the 2011 Act. and • to state whether partlcular matters have come to my attention. My examinatlon was carried out in accordance with general Directions glven by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the account5 presented wtth those records. It also include5 consideration of any unusual items or disclosures in the accounts, and 5eekin8 explanations from you as trustees concernlng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is gwen as to whether the accounts present a 'true and fair Vie and the report is limited to those matters set out in the next statement. Independent examlnerfs ststement In connection with my examination, no material matters have come to my attention whlch gives me cause to believe that, in any material respect= • the accounting records were not kept in accordance wlth section 130 of the Charities Act 2011; or the accounts did not accord with the accounting records.. or the account5 did not compty with the applicable requirements concerning the form and content of account5 set out in the Charities (Accounts and Reports) Regulations 2011 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signature: R Smith Date: 11 Mrfknz Name.. Roger Smith FCA Qualification= Chartered Accountant Address- 6 Beaufort Close, Marlow. Buckinghamshire SL7 IEN