Reglstered Charity Number 301420 Tllbury Communlty Assoclatlon Charlty Trust Group Trustees Report and FlnAn¢lAI Stfdtement8 For the year ended 31 Mar¢h 2024
Ibury Community A&wltion Ch*rlty Trust Group Contents Page Clwity inforniation Trustees, report Independent examiner's report Consolidated summary income and expenditure a¢¢ount Consolidated statement of financial activities io Balance sheet li Notes to the financial statements 12-19
Tllbury Community Association CIM7ltyThist Group Charlty Information Trustees PCBent D Revill Hon. Treasurer Trustee Trustee Trnstee Trustee L Gothard G Woodger Charlty Number 301420 CharSty Offlces Tilbury Community Association Civi¢ Square Tilbury Essex RM188AA Independent ExAminer'8 Cooper & Co 9 Palmers Avenue Grays Essex RM175TX Bankers HSBC 53 High Street Grays Essex RM17 6NH
.T..ilbury Community Association Charity Trust GroupJE: Ir.Itr?-.. Trustees Annual re ort for the 'ear ended 31 March 2024 Tlie inistees present their report and accounts for the year ended 31 March 2024 Trustees selection: At the AGM the honorary Officers of the Association, section representatives aiid not more tlian eiglil members sliall be elected to the Policy Committee of the Association. Tlie Trustees of Ilie Associalioi) (Tlie ExecLltive Comniiltee) shall be appointed by Ihc Policy Commiltee, coinprising of a inaximiini of eiglil niembers to carry out the genei'dl policy and nianage the day-lo-day biisiness of the Association until Ihe next Anniial Geneial Meeting. The Trustees shall meet not less than 8 limes pei. year. The charity has no Ciistodian Trustees. Invcstnitnt Poivcrs The Tnist Deed authori5es tlie trLiStees lo make and hold investments iising tlie general funds of the charity, bul no siich invesliiients are currently held. Constitution ob'ects and olieies (a} To proniote the benefit oftlie inhabitants of TILBURY and the neighboiirhood ivitlioiit distinction of sex, sexiial orientation, race or political. religious or other opinions, by associating together the said iiihabitanls and the local authorities, I'oliintary groups and other organisalions in cominon effort to advance educalion and to proi'ide fl¢ cililics in the interest of social groiips welfare for recreation and leisiirc lime occupatioii ivitli tlie object of improviiig the coiidilions of life of the said ii]habitants; (b) To establish, or seciire the eslabSishment of, a Community Centre and to maintaiii and manage tlie same in furtherance of these objectives. (c) Bring together in conference representatives of voluntary organisations, Governinenl deparlinents, statutory aiiihorities and individiials- (d) An?ngc and provide for, either alone or with others, the Iiolding of exhibitions, nieetiiigs, le¢lurcs, classes, seniinars or training courses, and all fonns of recreational and otlier leisure-time activities. {e) Lawftilly acquire such property or other rights and privileges as may be necessary for the promotion of ils objectives, and to constnict, maintaiii or alicr the same subject to tlie ciistodian trustees. (fy Mcike regiilalions for tlie proper supervision, control and manaoemenl of any property wliicli niay b¢ so acqiiired.
Tllbury Communlty Assoclatlon Ch4rlty:Trnst Group Trustees Annual re ort for the eAr ended 31 MAreh 2024 (Condnued...) @) Sell, let, mortgage, Charge, dispose of or turn to account all or any of its property or assets subject to such consents as may be required by law. (h) Raise funds and invite or receive donations and contributions. whether by subscription or otherwise, provided that the Association shall not undertake. or in any way engage in any pernwient trading activities in raising funds for its charitable objectives; (i) Invest money not immediately required for its objectives in or upon $u¢h investments, securities or property as the Association may think fit. subject to $u¢h ¢onditions (if any) as may for the time being be imposed by law. Develo men acllvltles and achlevemen Has been pursued in the full acknowledgement of the Aims and Objectives of the Constitution, resulting in maintaintng membership and maximising all a¢tivities undertaken, especially so in th¢ uses of the following: Provision of an Indoor Bowls Hall together with changing facilities* providing six full length bowls rinks. Provision of Short Mat bowls fa¢ilities. Provision of two Squash Courts and changing rooms with shower facilities. Provision of facilitie$ and a¢¢ommodation for the following groups:
Merchant Navy Senior Citizens of Thurro¢k (S.C.O.O.T) Over 35's Activities Marquety Falconry Snooker Pool Darts Pigeons Disabled and tnvalidity groups Continued support has been offered to alE exciting varied social pursuits, direct en¢oura8ement has been offered (by way of accommodation). to voluntary charitable groups andlor other group int¢r¢st5.
Tllbury Communlty AssociatioTh£knrity T•ust Group Trustees Annual re ort for the ear ended 31 March 2024 Contfinued ) +++ Achievements ad Perfomanee The Association paid due regard to Charity Commission guidance on public benefit in deciding what activities the Association should undertake and what investments it would provide in furtherance of the Association's objectives. The Association maintained its approach of supporting a wide range of amenities that could provide diversionary activities for the local community. The Association will consider any application for funding that complies with its constitution and area of b¢n¢fit. In considering an application the Association will consider the benefits of any project, value for money and sustainability to deliver the project. The Association gives preference to projects within its area of benefit. Achievements- In 2010 the Truste¢8 established a business plan identifying key areas for future development and improvement of the Associations premises and facilities for public benefit. This business plan will be enacted as soon as Sufficient funding becomes available. Fundln The Association Trustees regularly review its ndIllg strategies in the light of its reSoue$ and demands on them. The Association receives its fLllJding from monies generated from its own activities and donations via Gift Aid from its subsidiary company The Tilbury Community Trading Company Limited. Perfomanee: Due to the adverse trading conditions throughout th¢ year due to the global pandemic Tilbury Trading Company Ltd, and the group made a loss of £124,663 compared to a loss of £84,963 in the previous year. Funds available are sufficient to pern]it th¢ Association to continue in operation in the long temi given the continued income of our activities and trading subsidiaries. Polic On Reserves: The Association does not have a policy on reserves for long term use. but ensures it has sufficient fimds available to pay contractual and non-eontractual intentions plus administrntion expenses for the forthcoming year.
. Tilbury Communlty Assoclatlon Charity Trust Group Trustees Annual r ort for the ear ended 31 March 2024 Contlnued...) Statement of Trustees Res onsibilities: The Trustees ar¢ r¢quired under the Charities Act 2011 to prepare financial statements for ¢a¢h financial year wbich giv¢ a true and fair view of the charity's financial activities during the year and of its financial positton at the end of the y¢ar (unless the charity is entitled to prepare ac¢ount8 on the alternative receipts and payments basis). In preparing financial statements giving a true and fair view, the trustees should follow best Practice and: Select suitable accounting policies and apply them consistently. Make judgements and estimates that are reasonable and prudent. State whether applicable accounting standards and statements of recommended practice have been followed, subj¢ct to any depareS disclosed and explained in the financial statements; Prepare the financial statements on a going concern basi8 unless it is inappropriate lo presume that the charity will continue in operalion. The Trustees are responsible for keeping accounting records which disclose with reasonable a¢¢ura¢y the financial position of th¢ charity and which enable them to ascertain the finÈn¢ial position of the charity and which enable them to ensure that the financial statements comply with appli¢able law and regulations. They are also responsible for safeguarding the assets of the charity and hen¢e for takin8 reasowable steps for the prevention and detection of fraud and other irregulariti¢s. skRe The Trustees recognise that it is best practice to conduct their own review of the major risk8 to which the charity is exposed and ensure systems are estsblished to mitigate those risks. Internal risks have been minirnised by the implementation of procedures for the authorisation of all transactions and projects. These procedures will be periodically reviewed to ensure that they still meet the needs of the charity. roval: This report was approved by the trustees on......... ..and signed on their behalf. P. Bent Treasurer
Indsp.e.y@wt.uamlner's report to the trustees of Tllbury Community Association Charity Trust Group For the year ended 31 March 2024 We report on the financial ststements of Tilbury Community Association Charity Trnst Group for the year ended 31 March 2024 which comprise the group Ststement of Financial Activities. the Summary of tncome and Expenditure, the Balance Sheet and the related notes I to 19. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accountin8 Standards {United Kingdom Generally Accepted Accounting Practice). Respectlve responslbllltles of trustees and auditors The trustees are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is our responsibility to: examine the financial statements under section 145 of the 2011 Act to follow the procedures laid down in the general Directions given by the commission under section 145{5)(b) of the 201 l Act to state whether particular matters have come to our attention Basis of independent examiner's report My examination was carried ouc in accordance with the general Direction given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with these records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as tnee5 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a.true and fair view" and the report is limited to those matters set out in the next statement.
,Independent examiner'$ report to tkn trymwofr :. Tilbury Community A0¢1tIon Charlty Trust Group For the year ended 31 Mareh 2024 Independent examlner's ststement In connection with our examination, no matter has come to my attention: (l ) whi¢h gives us reasonable cause to believe that in any material respect the requirements: To keep accounting re¢ord$ in accordance with section 130 of the 2011 Act and To prepare aOuntS which accord with Ihe accounting records and comply with the accounting requirements of the 2011 Act have not been met or (2) To which, in our opinion. attention should be drawn in order to enable a proper understanding of the finan¢iÈl statements to be reached. Clare Cooper FCCA For v4nd on behalf of Cooper & C Chartered Cerdfled Accountsnts and ststutory Audltor 9 Palmers Avenue Grays E$$ex RM17 STX 2è othkn, 201
Tllbury Communlty Assocfiatlon Charfity Trust Group Consolldated summary Income and expenditure account For the yeAr ended 31 March 2024 Note 2024 2023 Gross income of continuing operations Total expenditure of continuing operations 598,614 580,970 723,277 665,933 Net in¢omel(expenditure) for the year before investment asset disposals (tA)ssygain on disposal of fixed assets disposals (124,663) (84,963) Net incom¢l(¢xpenditur¢) for th¢ year (124,663) (84,963)
All income relates to unrestricted funds. A detailed analy818 of income by source is provided in the Statement of financial activities, Gro$$ income of non-¢haritable trading activitie8 amounted to £525,312. A detailed analysis of the tradin8 results is shown in Note 2. Detailed analysis of the expenditure is provided in the Statement of financial activities. There were no Investment assets disposals in the year. The Summary income and expenditure account is derived from the Statement of financial activities on page l O which, together with the notes to the financial statements on pages 12 to l9, provides full infonrAation on the movements during the year on all the funds of the group. The notes on pages 12 to 19 fonn part of these financial statements.
Tllbury CommUnlty.A&al1Orf£htirllty Trnst Group Consolldated ststement of finAncl81 acuvldes For the year ended 31 March 2024 Note Unrestricted Dds Tot21 2024 Totsl 2023 Incoming Ruour¢es Members sUbslptiOlls ]nterest on investsnents 26.078 22,644 Club activities (252) 7,503 39,973 525,312 5,477 6.106 32,637 514,106 Other income Sporting section activities Gro&s income of trading subsidiary Total income resources 598,614 580,970 Resources expended Club activities management and Vddministration of ¢h*rity Costs of trading subsidiary (fund Club activities costs 563,113 5,691 22,909 131,564 526,704 5.635 22.407 111,187 Administration costs Establishment costs Miscellaneous costs io Total resources expended 723,277 665,933 Net incomin(0Utg0ing) Tesources Gains/(losses) on inveslment ass¢ts Net movement in funds {124,663) (84.963) {124,663) (84.963) Fund balances brought forward at l A71 2023 963,164 1,048,127 Fund balances CafTied forward at 31 March 2024 838,501 963.164 io
'.Ar:-.. Tilbury A8so¢latlon Charlty Trust Croup Balance sheet At 31 March 2024 Note Group 2024 Charlty 2024 2023 2023 Fixed A$$ets Tangible assets IDV¢Stments 848,064 901,275 786,209 829,314 848,064 901,275 786,211 829,316 Current As$ets Stocks Debtors and prepayments Short tenn deposits Cash at bank and in hand 12 13 17,498 6.022 20,341 10,137 92,966 93,564 14 44,055 79,847 18,796 48,997 67,575 110,325 111.762 142,561 Credltors: Amounts falling due within one year Net current assets 15 77,140 48,436 29,130 16.170 (9,565) 61,889 82,632 126,391 Total assets less current liabilities 838,499 963,164 868,843 955.707 Credltors: Amount falling due after more than one year Provision for liabilities 838,499 963,164 868.843 955,707 Contingent liabilities Net assets 838,499 963,164 868,843 955.707 Capltal fund5 Jjjcome funds Restricted funds Unrestricted funds; Designated funds General charitable funds Non- charitable trading funds 16 17 250,000 618,843 (30,344) 250,000 705,707 7,457 250,000 618,843 250.000 705,707 838,499 963,164 868,843 955,707 Approved by the Board of Trustees on ......... its behalf by.. and signed on . Paul Bent
.. i'vTIlbur1. C(Immunlty Assoelatlon Charity Trns* Grotrw. "" Notss to the accounts for the year ended 31 Mareh 2024 Accounting Policies Basis of accounting The financial ststements have been prepared to give a'true and fail view and have departed from th¢ Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a'true and fairf view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended PrdCtie¢ effectiv¢ from l April 2005 which has since been withdrawn. The financial statements have been prepared under the historical cost convention witb items reCols¢d at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republi¢ of Ireland (FRS 102) and Charities Act 2011. Tilbury Community Association constitutes a public benefit entity as defined by FRS 102. Ib. Tangible fixed assets Fixed assets are shown at histwical Cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated use1 life by the reducing balance method. 2024 2023 Premises and buildings {on cost) Fun)iture and equipment 20 20 IL Income Voluntary income and donations are accounteAI for as received by the charity. Th¢ income from fund-raising ventures is shown gr0&8, With the associated costs included in fund-raising eosts. No pennanent endowments have been received in the period. Id. Value added tsx Value added tax is not recoverable by the Charity, and as such is included in the relevant costs in the Statement of Financial Activities. Fund-raising costs Fund-raising expenditure comprises costs incurred in inducing people and organisations to ¢ontrAI)ute financially to the charity's work. This includes the cost of advertising for donations and the staging of special fund-raising events. 12
**.%..11bllry Éommunity Association Charity Tr¥8tSyavp" '::" Notes to the accounts for the year ended 31 March 2024 Aeeounllng polldes ll1d......... If. Management and administratlon expenditure Expenditur¢ on management and administration ofthe charity includes all expenditure notdirectly related to the charitable activity or fimd-raising ventures. This Includ costs of renting and running office premi. staff salaries for admIriVe staff and audit fees. Ig• Stoeks Thes¢ hav¢ been valued at lower of cost (using the cost of purchases on first in first out bosis) and the net realisable value (based on estimated selling price). Ih. Pension Scheme The association does not operate a pension stheme for its employees. Net Income from trading activities of svbsidiaries The Charity has one wholly owned trading subsidiary, which is incorporated in the U.K. Tilbury Community Trading Company Limited operates Licensed Bars and catering facilities. A summary of its trading results is shown below. Accounts have been filed with the Registrar of Companies. Profit and loss account 2024 2023 Turnover Cost of sales 509,199 490,344 504.890 458,177 Gross profit Add: Other operating income 18.855 16.113 46,713 9,216 34,968 72,769 55,929 68,130 Deduct: Administration costs Net profit before tax Taxation 37,801) ( 12.201} 397 Net profit in year Amount covenanted to Tilbury Community Association 37.801) { 12,598) Retained in subsidiary (37,801) (12,598) 13
Tllbury Community Association Charlty'Trust Group Notes to the accounts for the yevdr ended 31 March 2024 Flnanclal perfornianee of ehaiity The summary fjnancial perfomwice of the Tilbury Community Association alone is: Incon 2024 2023 Ment)ers subscryitK)Th8 Rentsl incon 26,078 5.325 22.644 3,655 Chts activihes (252) 2.177 39,973 5,477 2.451 32,637 Other incor Sportmg sectL)S Gift AMI fromTCTC Lld Total Incorne Resources 73,301 66,864 l$s expenditure Chts activtrs Admti]iqtrat#)n costs E8tab16hntnt costs Fll)ance costs 5,691 22,910 131,564 5.635 22,407 111,187 Mtsc¢lla0s Total expenditure 160,165 139,229 Net itKon reserves hr year (86.864) (72,365) Add total fillmls brought fonvard 955,707 1.028,072 Total fillKls caThied forward (all w)restrKted) 868,843 955,707 14
Tllbury Communlty Asso¢loboh'.C*arity Trust Group Notes to the accounts for the year ended 31 Mareh 2024 Income Analysis of club activltles (TCA) 2024 2023 Bingo, social events, raffles. totes, snooker And including entertainment costs (252) 5.477 IDcome Analysis of other income (TCA) Locker fees, door enty cards etc Bank interest received Rent received IA)cal government covid grant Total 2,177 2,451 5.325 3,655 7,502 6,106 Income An21y$is of sporting section activities cfcA) Squash Various Indoor bowls 1,176 5,761 33.036 1,213 4,759 26,665 Total 39,973 32,637 Expenditure Analysis of club activities Perforn)ing rights and other licences Insurance Wages and MC Depreciation of fixtures 1,392 3,725 3,514 574 717 5,691 5,635 15
T.Ilbury.QèIMnunity Association Charity Trust Groupi4.... Notss to the accounts for the year ended 31 March 2024 Expenditure Analysls of Adminl$tratlve costs ITCA) 2024 2023 Accountancy and audit General expens¢s Printin& postage. stationary and Computer costs T¢lephone Cleaning and laundry Travel cost5 Wages, NIC and staff training 2,880 2,880 390 10,243 3,253 5,641 10,074 4,941 5,015 22,910 22,407 Expendltsre Analygls of establlshment costs (TCA) Legal and profesSlODal Depreciation of computers, fixtures etc Amortisation of building Wages and Ntc General rates and water and drainage rates Ground rent Insurances Light, heat and power Hire of equipment Service charge Repairs, alterations, replacements etc 1,687 40,844 2,108 40.780 1,196 750 3,724 53,771 10,862 10,400 8,330 254 750 3,514 40.522 11,766 11.493 131,564 ExpeDdlture Analygls of fiDVdn¢ial costs (TCA) Bank chargcs Loan interest 16
t:.T11bllry Communlty Assoelation Ch.TMtGrfftr Notes to the accounts for the year ended 31 Mareh 2024 10 Expendltsre 2024 2023 Cash deficit Donations Taxation 11 Tanglble fixed assets (group) Land 2nd buildings Equfipment And futures Vebieles Total Cost r valuation Balance at 31 March 2023 Additions Revaluations Disposals Balance as at 31 M8reh 2024 2.048,902 537,578 728 2,586,480 728 2,048.902 538.306 2,587,208 Accumulaled de reciation Balance at 31 March 2023 Eliminaled on Disposals Charged in y¢ar 1224J77 460.828 1,685.205 41.170 12,769 53,939 1265,547 473,597 1,739,144 Net book value at 31 March 2024 783,355 64.709 848,064 et book val e at 31 March 2023 824,525 76,750 901,275 The Community association premises are erecd on land leased from Thurrock Brough Council. 17
Tfilbury Community A&50clatlonU*rlty-fftJr Gfroup Notss to the accounts for the year ended 31 March 2024 12 Stocks (group) 2024 2023 Tavern bar Asssociatn bar Caterll 9.478 8,020 12,468 7.873 Ckanll)g ja¥Iry Plintll Postage and stanery 17,498 20,341 13 Debtors and payments in advance @roup) Trade debtOTS Other debtors 6,022 10,137 6,022 10,137 14 CAsh and bank balanees Igroup) Premium business account Current account Cash in hand 9,377 9,915 24,763 39.734 J9,785 20,328 44,055 79,847 15 Creditors (group) Other creditors TTad¢ Grediors CoTproate taxes Other taxes and socRI security Accruals and (kf¢ed income 8515 27.487 52 1&415 16299 24839 15,617 14J52 77.140 48,436 18
Tilbury Community AMoeialloniC-hQatrltyTttist Group Note5 to the a¢¢ounts for th¢ year ended 31 Mareh 2024 16 Designated funds (group) Malntenanee Development and dedu¢tiOD reserves provtsioD$ Total 250,1)(M) 250,0(X) New designations (allocations) in year 250.1X)O 250,000 Utilisedlreleased in year Balance at 31 March 2024 250.0(K) 250,000 17 Undeslgnated funds (wup) General fund$ Balance at 31 March 2023 Less: movement in year 705,707 86.864) 618.843 Add: Gift aid transferred into the charity from Tilbury Community Trading Company Limited 618,843 Less: trdnsfer of development fill)d Balance * 31 March 2024 618,843 19