Registration Charity No. 301241 (England attd Wales) WICKFORD COMMUNITY ASSOCIATION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
WICKFORD COMMUNITY ASSOCIATION ASSOCIATION INFORMATION Hottotary Officet8 Don M01ri8 (Chaitman) Chtis Adams (Hon. Sectetary) Alex Myers (freasurerl Kevin Major JT&ce-Chairmatt) Paul Heard (Chairnian- ReSLgt]ed IO/IO/?0?3) Regi$teted Chatiry Number 301241 Independettt Examiner Berkdey Towtjsend Chartered A¢coulltants Hunter House 150 Hutton Rold Shenfield Essex CN115 8NL Pritscipal Office Addre88 The Nevendon Centre Nevendon Road Wickford E8$ SS12 OQG
WICKFORD COMMUNITY ASSOCIATION CONTENTS Page Kcpnrt of d)e Management Committee Independent Exatniners, report Statement of financial activities Balance sheet Note$ to the account8
WICKFORD COMMUNITY ASSOCIATION REPORT OF THE MANAGEMENT COMMIThEE FOR THE TrEAR ENDED 31 MARCH 2024 The Management Committee pre5eni their annual report with the finanual sratements of Wick£ord Community Association Ithc Association) for the year ended 31 March 2024. and conljrni the}, tomply Trth the duti, sn section 17151 oFthe ?01 I Chatlties Act to hAve due tegard to guidance published by the Challry ConYni55ion. STRuuRE, GOVERNANCE AND MANAGEMENr The hlanagen]ent commit ate appoJnTrd by vote of the members at the Annu2[ Genergl Meetll)g. The MaoagerAent Committet consist of the Honor2ry Of[et5 %nd represerAtatii"L'4 OE member5 and relevant group$. The orgaJuyatsoAal strncttsre ofdie A550ciarion is one in which thc Man2gemttit CotEhmittee mgke the decisions, which are then executed by the Honorary Offictts. Mcmber5 call approach Elonotg4 Officers With idia5 that, if necessary, be v0d on by the Management Committee. The govemjng document olth¢ chanry is the con8lltution of the Wickford CommUry A5s0cAation. The Association has unincotP03tated status. OBIECTIVES AND AcfiviTIES The objects o£the Association are to.. a) Protnote the benefit of the inhabitants oFWickFDtd and the nhbou1hQ0d thOut the distinction o( sex. Sexual otientauon, nation21ity> disabj.ty, iace or oEp0liti¢ relL8iOUS or other opynjons by as50U2ting together the 5atd inhabitanis aod the stitutory authorities, voluntsry and othet oigani$2uons in a CDmmoll eEFort to advance education and to provide faci]itie5 in the intetests of the Social wdfatr for tECteation and leisute time occupatson v/ith the object of iD)proving the conditions oE]if¢ lor the $Aid inhabitants. bl Est2b]ish or to secure the establishment of a Communily Centre and ro maiAtAin and manage the s2me (whttther Alone oi io co-opeiation with any statutory authoriry or othet petson ott body) in furtherance of these object4. c) Promote 8uch Oth chatitable putP05es a5 may ftotn time to time be deterJ]wJed. ACHIEVEMENfs AfqD PERFORMANCE A tce Df the operations of the A8sociation during the fanCIal year and the results of those operations e AS £o]Iow5.' The A550ciation continue5 to proNYde f2ciltties for the benefit of the Inhabitants of Wickford and surroundtng axeas in the interest of Soci Kvelfare, reueation and leisure. The Association providtS its members access to a dLvcf5e ange of recreational a¢tiritie5 thcludll bowls, dancing, sports 2CtEVlry 2nd all. AU OE these activities h2N'e continucd from the pteviou5 Ye and p]an to continue foi the forthcomsng year. There is 21$0 a bar arca at the Nevendon Centre for its members. The bar area 1$ by the A550ciatrons related party Centre c.afe Ltd, In additiotl, Ihere 15 an on site pre-schooL wbj'ch AS run by a third party 2nd produces a source of income for the Association. FINANCIAL REVIEW The.Issociation has sutplus fillLds of £118,964 to carry folwd a5 It 31st Match 2024 (202> £151,979). These reserves are to be used for fvttjre fund taising acttvities and Contingencies thai ma} atiye. The policy for holding reserve5 15 ro ensure suE&cient cover fot futttre expenditute OE at least two titne5 annual expenditure. The corrid pandemic and the increased cost of living h3s continued to have an effect orL the Assocjation's actiwties, the tru5tee8 have collset¢d the MabJ]ity of the cELarity in telauon 10 it5 going concern. The ttijstees feel that. hafving rewewed the monthly management accounts 8iace Match 2024 2nd by preparing cashflow forecasts than at the date of sJgnin8 the accounts, the Associ%tton has sufficAent rtsetves to continue 2s 2 going eoneem.
WICKFORD COMMUNITY ASSOCIATION REPORT OF THE MANAGEMENT COMMITTEE FOR THE YEAR ENDED 31 MARCH 2024 RELATED PARTY The AsSOt.IAtton hi$ 2 re]2ted party irt Centse C#Ee Ltd, 2 company whieh reCveS income from operati1ib a bar aud from gamin8 machine5 locared on the premises. Plea8¢ refet to note 7 irL the 2ccoiJnts. Centre Cafe Lrd has aiso Eoud it difficult to tecovet fxom the pandemLC and 15 showing a deficit Posktion on its balance sheet at the repothing year end date. The Association ts working dosely with the rekted p9xty and reirieTrvs monthly management accounts of Centre CaEe Ltd. It be]Leves the conJpanY sti]I has a viable business and as such ryll conrinue to f&tI#llY support the business as a going collcern. The Associatiort also has a rdated party in WCA Property IAmited. There were no transacuons between the As30¢iation and this company duting the yeat. WCA Property limited holds the lease of the premise Dn behalf OF the Assocjxtion. STATEMENT OF MANAGEMENT COMMITTEES RESPONSIBILITIES The ]aw applicable to thatAties in England and W'ales requktes the M2n2gemtnt Comtnittee to prep2te finatlcial statements Fot each year which give an accurate view of the State of affairs of the ch2tlty and of the incoming ources 2nd app]i¢ation of resources of the chatity for that period. In ptcp2tirLg the finax)ciafft statements, the Management Committee 15 required to.. select suitable accounting pobcie5 and then 2pply them consistendy* observe the me&cA$ and pxinaples recomnhended by the Charities cortnISSion make judgemEnts and estitnate5 that are re8500able ptudent state whether appkncable accourlring standards have been followcd, subject to any matetial departtAtes disclostd and expknined in the fitwiaal statement5', pKepaLe the fxnaocial statements on the goms concerA ba515 Ludes5 It is inipproptiate to piesume that the chariry continue m bussne$s. The Management Cotnmittee L5 responsible for keepsng proper 2ccountin8 records thAt disclose wAth rea50ble 2ccuracy at any time the financial p051uon of the ch2tity and to enable thcm to eosure that the finanaal statements comply with the Charities Act 2011, and the piovisions of the trust deed. Tl)Ey also Ie5ponsible lor saEeguarding the a55ets Df the charity and htnce tskjng teasollable steps for the prevention xnd detection of Fraud and othtt irregu12tities. behald of the m2uagement Commitw. Don Moti15 (Choitmgll) Kevin Mai altman I l October ry024
WICKFORD COMMUNITY ASSOCIATION CHARITY NO.301241 INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES/MEMBERS I report to the trustees on my examination of the accounts OF the WickFord Community A550ciation fot the s'ear endEd ended 31 Match 2024 set out on pages 4 to 7 Responsibilities and ba818 of repott As the chatity tNstees, you are responsible for the prepwation of the accounts ffin accordance with the requirements OE the Challties Act ?01 I I'the Act,). I reForr in respect of my examination of the charity's accounts C2tried out under section 145 of the 2011 Act and in carrying out n]y exarninati0 I have followed the appkncable Directions yven by the Chuity Commissloll under 8cction 145{5)(b) of rhe Act. Independent Examittet's Staternent I have completed my examinitirJii. I confirm that no matetial mAtter$ h2ve come to my attention in connection ith the examitiauon whith yres me cause to be]ieve that in, Iny material respect: accounting records were ttot kept in accordance iiitli section 130 of the Act or the accounts do not accord iiith the accountitig tecords. I have no concerns and have come acro55 no other m*ttets iti connection with the examination to which attention should be drawn in o£der to enable a ptoper undexstanding of the accounts to be reached. D J Aquitio FCA FCCA Berkeley TOn$end Charteted Accountants Hunter House 150 Hutton Road Shenfield Essex CMI 5 8NL Date.. I l October 2024
WICKFORD COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Incoming Resource8 Charitable acurities Generated 6Jnd5 Other incoming resources 131,061 24,190 6,000 112,005 6,000 Total incomiftg re8ource8 161951 14*,721 Re8ource5 expended Costs of generRtitig filljds Govemance costs Othet tesoutces expended (188,446) (5,820) (180,203) 16,096) (66) Total re$ou¢ces expended (194.266) {186,3651 Net movement in fi]nd8 fot the year {33,015) 143,644)
CKFORD COMMUNITY ASSOCIATION BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed a86ets Tangible assets 11,727 16,764 Cuttent assets Debtors Cash at bank attd in hand 102.136 11,527 121 706 18.54¥ 113,663 140,254 Creditots: #mounts falling due within one year (6,4961 (5,039) Net curyent a68ets 107 437 135,?I5 Totsl assets le88 Cuttettt jiabilitxes 118,964 151,979 Fund of the charity Unrestriced funds 118,964 151,979 Total fijnd 118.964 151,979 These financial statements have been reviewed by the Mattagement Committce and are agreed as being in accordance with the source documents. proved by the Committee for issue on 11 October 2024 Don Mortts (Chairman) KevAn Lll jor ll'ic Chairman) Charity Registration No. 301241
WICKFORD COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policie8 1.1 Accounting convention The Finacial statements are prepared under the histDfic21 co$r convention 2nd in accordance with the Charities Act 2011. The accounts have been prepared on a receipts and paymei)ts basis as the Ivickford Community Association is a non-company and has gro55 income OF les5 than £?50,(0 during the fmanci year. 12 Tutnover Incoming resources in respect o£provision of 8ood5 Ot 5eLvices ate accounted Eor whth tecelved. 1.3 Tangible fixed a88et8 atld dept¢ciation Tangible ltsed assets othet than fttehold land are st2ted at cost less depteciauon. Depreciation is ptovided at rates calculated to write off the cost less estimated tesidual value of each asset over its expected useful hEe, 2s follows: ReEurbishmcnt Fixture5, fittings & equipment 33.33Q/o reducing balante pet annum 250/0 reducing balance pet annum 1.4 Taxation The Assoa2ti0n is exempt from Cotporation Tax by rtue of it being a Restered Chatity in Englwd and Wa]es. TangAble fixed assets RerbIshmt nt Platst ond machinery etc Total C05t At l April 2023 & at 31 b(atch 2024 24,813 25,946 50.759 Depteciation At l Aptil 9023 Charge for the year 14,655 3.386 19,339 33,994 5,038 At 31 March 2024 18,(>41 20.991 39,032 Net book vglue At 31 March 2024 6,772 4,955 11,727 At 31 March 2023 10,158 6,606 16,764
WICKFORD COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Debior8 2024 2023 Amounts owed by related party Other debtots 94,789 7,347 114,960 6,746 102,136 121,706 Creditot8: amounts fallitsg due within one year 2024 2023 Taxation 2nd social secutity Other creditors ?,054 ,985 3.794 6,426 5,039 Unrestiicted fund6 Funds Total Funds btought Forward Net incuming resources for the perlod 151,979 (33,015) Total fvnds canied forward 118.964 Trustee expert$e$ Expenses incutted by the trustees for 8enerAI business administration costs are reimbutsed. These were no expenses reimburyed ro ttustees for the year ended 31 March ?024 (20?3 - £490 for one uvstee). Related paity transaction8 During the year the chaitty received £6,000 as tental iticome (£6,000 - 2023) from a rdated patty Centre CaEe Ltd, a company under common control. At the end of the reporting end d2te Centre Cafe Ltd owed the charity L94,789 (£114,960 - •043j