MARK HALL AND NETTESWELL COMMUNITY ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR EI NDED 31 DECEMBER 2024 Reg15tered Cb#rity No: 301280
MARK HALL AND NE[sWELL COIIAMUNITY ASSOCIATION TRUSTEES, REPORT FOR THE AR ENDED 31 DECEMBfR 2024 The rrusie¢s present theiT rL'pori and financial 51at¢nients for th¢ year ended.) l Dec¢mb¢r ?0?4. RESULTS Th¢ Surplt151lDcficii} lor IliL yev4 amounted io 43.541) (2023 £? ?9(>) leaviiis accuiiiul2¢ ted funds carried fonvard of £134,610190?3 138,151 I which the In151Lc5 eon5idcr is sul'ficient io niecl ihe Irusl's obltgaiions. REVIEW OF ACTIV1'rS 'he Lommiinity associaiion's prlneipal-*etivity duriiiy 111¢ yfdr wa¥ Iti prviiiL>le uppuiiuiiili¥s fvi cultural. r¢¢r¢alional Jnd SIICll¢ l activities for th¢ benefii of Ilie community. The cliarii) s r¢gislratioii iiumber is 301?80. FUTURE DEVELOPMENTS AND EVENTS SENCE THE ETr4D OF THE YEAR The itusiees anticipate 110 srynifientht chan¥e in the ¢ommMnity asstscialion's aclivitics in Ihe foreseeabl¢ ftrture. 'Ihere liave been no other ¢v¢nts since Ihe cnd of Ihc yeai i%'hich require COTnnieni by ilie rrusiees. RISK ASSESSMENT The irnsiees huve uJiden&ken an assessnient of Ihc operaiional. Financial and cumpliance risks iliot Iliey faLe in Il)¢ operdiion of (h¢ chdrity and hove iaken SlLpy 10 en311r¢ iliat iliosL risk51)ave been ad¢qu4l¢ly guarded a¢yain51. RESERVES Fund% aTC bcing specijlly eamiorked in a sepllrat¢ Ctspilal Fuiid for inajor r¢furbisliniLnl and or buildin¥? eosls lvhicli will be iiiciirred at %oint timc. in th¢ futur¢. The iriisiee% d¢cid¥ lioiv Inu¢h 10 set sidc mid Uiis is matclicd b), u Ironsfer ttklfiom Ihe Capiial Fund os iiecessary. The balance of any suri)luslld¢ficiil is tak'en its 111¥ ¢¥{01 fund. TRUSI'CF.S Tlie triisiees tliroughoui the j'ear, stll of w'hom hid no fiiiancial inEere$t iii Ilie cornn)unily a5$0einiion M'ere.. M Hearne - Presideiil Holding Trustees P MountStevei) MADaging Trustees A Whitiiall G Siillivan S Grtthoni S Hi)Im811 S Jens¢n Dr S Firtli D S¢liachi O Oj'erinde D Cop¢ull T Whiiil¢ D IV21¢s C Mulka). L 14ibberd.Leer B Beck S Cooinbei. RELEVANT ORGA.NISATIONS Banker$: NDiion31 We51111inster Bank PIC Market Squar¢ Tom'n Cetttre Hpi'low Auditors: LaiYrenLe and Coinpaijy 26 Bell Street Saivbrid8eWQrth CM219AN Sigiied on belialf of the manAging truslces D Fenii Cliairnian Dated.. 6 April ?0?5
MARK HALL AND NETTESWELL COMMUNITY ASSOCIAI'ION INDEPENDENT ExAMI,R's REPORT TO THE hlEMBERS OF MARK ILILL ND NETTEI SWELL cOM[uNITY ASSOCIATION le r¢port on tlie accounts of th¢ association for the year ended 31 Deceniber 2024. wliieli ar¢ set out on pages 3 10 11. Respective responsibilities ololficeTS examiner The Associalioiis otricers are responsible for Il)e pr¢paratioi) of tl)e aLcouiils. The asso¢iation's dire¢tor5 ¢unsid¢r that an nudit is noi r¢quired for Ihis year under s¢¢lion 43(21 f the churiti¢s act 1993 and that ai) iiid¢pend¢nl e%Amination is needed. It is our respoiisibility to.. F.xamiii¢ Ili¢ Dccounls (under se¢ii0i) 43(31{a) of Il?e 1993 o¢i): Follow the proiedures laid doivn in tl)e general dii'ection given by tl)e charity coinmissioi) (under secEioi) 43(7Mb) of tli¢ 1993 act),. and State whetlier particular matter5 liill'e ¢o]71¢ to our attentioii. Bnsls of Indepeiid¢Dt exanilntr's stAtemeMt Our exdiniilAtion ivas cllrried out in accordance iviti) the ¥eiieral directi0115 given by tlie Cliarity Coiiimissioncr. .411 eianiination include5 a rcvieiv of 41ccounting records kept by tlie chai'ity ld a coinparisoi) of tlie accoiiiils preseiited iviili Ihose re¢ords. It Rlso includes consideralioii of ally un115151É1 items or disclosures in the aciouiils and 5eek.iiig explanation5 Irom you as trusie¢s concerning any SULII niaiters. Tlie proccdiires uiidertakcn do Iiol provide 11 Ilie evidence ilidt would be Icqliired IJ ali audit4 cind coiiseoueiitl). Ive do not express an audii opinion on Ili¢ 8c¢ounts. IndepeDdent examlner's sluS¢meDt In t]ie COLirse of my eyaniinatioii, no 11142fl¢r hll.4 conie tn our ttttL'nrioi)'. l. Wliicl) gives LIS reasonable caiise lo believ¢ iliat, in lY mai¢rial resp:ci. tli¢ trustees have not m¢( the requireinents to ¢nsure tliat.. Proper accounting records are kept iii accordaftce i¥pitli se¢lion 41 of thc ael. aiid Aceounr5 ar¢ prepared wliicli agree iiritli tlie accounting I'ecords aTrd coniply with the #Ccountiiig r¢quireni¢nls of tlic act. or 2. To which in oiir opiiiioii. atten(ioii should be draiyn in order lo en(Èbl¢ a prop¢r understanding of thL account5 (o be reached. Colin Peacock FCCA MAAT for and on behalf of Lawrence & Compatky ?613ell Street S<lNvbridgeiYorth HtfOrdShIre CM219AN Dated= 6 April 2025
MARK HALL AND NEThESWELL COlVlhtUNITY ASSOCIATION STATEMENI, OF FINANCIAL ACTIVITIES FOR THE YfAR ENDFD 31 DECEIVJBER 2024 Notes GeDertsl Capilal Fund Fund Total 2024 Totsl 2023 INCOME AND FXPF.NDITURE Incomifjg resources: Admin f¢es Slibscriptions aiid affiliatioii fees Inveslmeiit incoi))e LLtting s incotne Bur l¢os¢ SLiiidry in¢oine Doii¥(ions Cufe 1,540 879 1.540 879 416 114,005 20,600 1.142 413 97,204 14,333 147 416 114,005 20,600 381 381 298 137.814 416 138?30 115,805 Res(Juree8 t%pended: Maiiageniei)l ai)d adininistration Of tli¢ cliarily 141,771 141,771 113.509 Nei incomiiig ro50urces before trRnsfei% (3.957) 416 (3,541) 2,296 Transfei'5 betweeii fui)ds 1?.683 (11.683) Nei in¢omii)g r¢source5 8,726 {1? )67} 13.541) 2.?96 Fiind balan¢e ai l Jaiiuary 20?4 100.008 38,143 138,151 135.855 Flind balance at 31 Deceniber 20?4 108.734 25.876 lJ4.610 138,151
MARK HALL AND NETTESWELL COIVIMUNJTI, ASSOCIATION BKLANCE SHEET AS AT 31 DECEMBER 2024 Notes 2023 FIXED ASSETS 124.467 117,786 CURRENT ASSETS Debtoi's Short term investments Cftsli at bank Casli in l)and 27,691 25,876 10,956 350 29,063 38,143 350 64,873 79,370 CREDITORS: an)ounts talling Due witliin one year Creditor 18.322 17.644 18.322 17.644 NLT CIJRRENT ASSETS 46,551 61,726 TO'IAL ASSETS LESS CURRENT LIABILITIES 171.018 179,512 LONG TERM CREDITORS 36,408 £134,610 £138,151 REPRESENTING.. CAPITAL FUND GENERAL FUND Is¢¢ pag¢ 51 25.876 108.734 38,143 100.008 £134.610 £138.151 Approved by the AssocTation oll 6 April 2025 D FeDIIy - Chairman S Gent - TrUrer
MARK HALL AND NF.TTESWCI LL COMMUNITY ASSOCIATION GENEIiAL INCOME AND EI XTrENDITURE ACCOUNT FOR THE YEAR ENDED 3] DECEMBKR 2024 Notes 2023 INCOME Membcr51iip subscriptioiis Adiniii f¢cs 879 1,540 1,142 3,708 Lettings: Hou5¢ B4ir Le&se Hall N¥iV Hall 54,421 20,600 35,385 24,199 49,399 4.333 26,642 21.163 134.605 Cnf¢ Siindr), incoiii¢ Donatioi)s 298 147 381 137.814 115.392 Lxpenditure {see page 6) 141.771 113.509 EXCESS OF EXPENDITURE OVER INCOME FOR'fkiE YEAR 13.957) 1.883 'ri'aiisfer froiii/(lol capitsl fui)d 12.683 (7,665 8.726 {5,782 BALANCI BIIOUGHT FORWARD 100,008 105,790 BALANCE CAIUiIED foRWARD £108.734 £100.008
MARK HALL AND NETTESWELL COMIMUNITY ASSOCLII'ION GENERAL INCOME Af4D EXPEYI DITURE Accoupir FOR THE YEAR ENI)ED 31 DECEMBER 2024 ICONTThThD) 2023 EXPENDITURE SALARIES AND NA TIONAL INSUIL4NCE Secretarial Mdltileiittnce and earetakin Cleaning Pension 35,067 31.180 16.065 9,169 599 6.605 535 04.536 57,013 ACCOMMODA TION Rates Water roics Lishi and h2ts1 Hall hire Cl¢8niiig eontracis & materials Lafé ¢Ap¢ll5¢S Repairs and renewals liisurJnce Safely expenses 436 707 18,367 4,?10 2.914 954 19,082 7.350 479 544 1.978 17,536 961 1.495 9,080 3,338 433 54.499 35,366 ADMINISTRATION Postage Printing, stationcry and advertising Telephone Audir and a¢couniall¢y Professiot)al fees Computer software Website fees Stsndry expenses Bank charges Bank loan interest 10 413 2,772 6,672 786 1,663 4.808 1.600 2.364 2.890 2.S32 599 3,808 2.417 479 3.906 19,996 18,124 NFCO expense5 Depitciatlon: Fumiture, fixtures atid eqiiipnienL Improvenienis 10 prop¢ny 1,062 1.561 1,328 1.561 £141.771 £113.509
MARK HALL AND EsWELL COMMUNITY ASSOCIATJON NOTES TO THE fINANCIAL STATEMENTS I) OFFICERS RESPONSIBILITIES Tlie otTi¢er5 a¢knowledge their various 8¢¢ouiiling responsibilities. in purticiilai. Ihe requiremeiit to mai1111in proper and a¢cutxl¢ a¢coiiniIii r¢cords ttnd IhL ii¥¢d to Sc1fegiiard e$sets and thke reaso111ble step5 foi. tl)¢ prevention ai?d dei¢ciion of fraud And other irregiilarities. Iii addilion. tlie Ole¢r$ also a¢k'noivledgc ili¢ir responsibilily foi. the a¢covnls. whicli l)av¢ b¢en pr¢pared froill tlie accouiitiii¥ rcuords. Tlie accourts are required to oive a true Imd lair view. To ochieve this. tlie officers hove clioseii accoiiiitii)g policies suitable to tlie busii)ess. appli¢d Iheiii Loiisisl¢n¢ly and n?ade .jiidgemeiits and e51iniales (hat ihey consider prudent and reasonable. T]iey lJJire opplied Ilie bioins Loiiceni basi of accoui)tiiig, Ivl)icli th¢), coi)sider appropriaie in the ¢iv¢iimstaiic¢s. 2) ACCOUNTING POLICIF.S 2.1 Accountlng coni'entloii und ¥landord$ Tlie findiicial slaleiiiLnls liilve bLLn pr¢par¢d in a¢eordftii¢e iviili Il)e provisioi)s of Se¢lic)i) l A 'Sii)fill Eiililies" of Finaiicial Reporting S(andard 102 'Tli¢ financial Reparting SiandArd api)lieuble iii Ihe UK aild Republic of Ircluiid" and tlie Compuiiie% Acl 2006, aiiil ulso uiider tl)e hisiorical cost convei)tion iii aCCOTdonce with the re(iuirel17Lnts of sial¢i))¢ni of Reeonimeiided Prnclice Aecounti118 by Cliarities (SORP) 2,2 DeprL>cialioD Deprcciaiion 01. fviMilure. fiiiingys aiid eouipmeiii is provided 41t 200/y per i?nnuin 011 (lie openii)g ii'i'ilten doi¥ii vali1¢, No depreciatioii is cliarged on addiiioiis iii Ilie year it) ivliieh ihey u)r pureliosed. 2.3 Interest rc¢¢lv¢<l Iiilerest received 011 ihe Deposit a¢¢ouvt is eredited direLily lo Ili¢ cipital fiind {s¢¢ i)ole 7). All otlier iiitere%t etIVed is credited io the Iiicome aiid f.xpenditur¢ aecouiil. 2.4 Grants Graiits re¢¢iv¢d liav¢ be¢rt dLducied froill tlie assets to iyliicli t]iey relate. Dnd are credited lo the Income and Expeiiditui-e a¢Gouiil over il)¢ r¢inainiiig t¢rm of the lease oli Ihe premises to wliiLh the). relate. Grants a]t iiot credited in ¢lie year tl)at they are received.
MARK HALL AND NF.TTESWELLCOMMUNITY ASSOCIATION NOTfS TO THE f4lNANCIALSTATEMENTS (CONTINUED) 3) FIXED ASSETS Furniture Fittings & Equipment Jmproyements To Property Freehold Property TotAI Written dowii valiie Ai l January 2024 24,976 87,500 5.310 117,786 Additions 8.180 1.124 33.156 87,500 6.434 127,090 Less: Depreciation 1,561 1,06? Written down value At 31 Dec¢mber 2024 £31.595 £87.500 £5.372 £124,467 4) DEBTORS 2023 Lcttings and otlier a¢liviti¢s PrepdymLllts aiid IlLL'ru¢d inc(Jme Moot House Social Cliib Liiiiiled 11.450 ?.450 13,791 8,228 16.833 £29.063
MARK HALL AND NETTESWELL COMMVNrrY ASSOCIAI'ION NOTES TO THE FJNANCtAL STATFMENTS ICONTINUED) 5) SHORT TERM INVESTMENTS- CAPITAL FUND 2023 Bank & Biiilding Society Ac¢oiiDIs 25,876 £38.143 Sincc il)c major Pi¢ r( ol. Ilie É1SSOC141tion's iiivesttnciils c ¢amarkcd for the Capithl fund, ihe inler¢st on tli¢s¢ occouills is iakeii directfy to tl)is fuiid and is Iiot credited to the In¢oiiie and E'xpeiidilure ALcoun(. 6) CREDJTORS: an)ounts falling duo Th'iihln one year 2023 Trade ci¢ditors Taxes and social s¢¢iirity COSfS Bank loan fjccouni Aecnialg aiid otl)er crediiors 1.521 492 8,759 7.550 2,830 479 8.895 5.440 £18.3?2 £17,644 7) CREDITORS: amounls fulling xftcr one yeor 2023 Bank loan account 36,408 41,361 £36,408 £41.361
MARK HALL AND NETTESWELL COMMUNITY ASSOCIATION NOTES TO THE FtNANCIAL STATEMEhYS (CONTtNUED) 8) CAPITAL FUND 2023 Balaii¢¢ as al l Jaiiiiary 2024 Add: Interest received- teiTh deposit 38.143 416 30.065 413 J8,5)9 (12,683) 30,478 7,665 Add: Transfer to/(from) general fund (see page 5) Bdlance at 31 December ?024 £?5.876 £38,143 'rhe capiÈal fiind was crellted ivitli i vieiv to improving the assotiation's premises. 9) TAXATION No provisioii for taxorion is rcquired iii these finttTrci&l statcnients 11S th¢ associAlioTr is a charily nd as such il is ¢%¢iiipt under Section 505 ulthe T&xes Acr 1988 from l&Nution on its inv¢>slinen( and rciiial iiicome. 10