Pagè-1 FRAMPTON COThERELL AND DISTRICT COMMUNITY ASSOCIATION TRUSTEES REPORT AND ACCOUNTS FOR THE YEIR ENDED 31 MARCH 2024 Charity No.. 301533 Page-2 FIiAMPTON cO￿ERELL AND DISTRICT COMMUNITY ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees D Humphreys C Bain T KnSght N Srnilh Treasurer l Nicholl$ Charlty Numb•r 301533 R8gi5ter•d Office Cr05sbow House School Road Frampton Cotterell Bristol B836 2DB Bankers Nal We81 Chipping Si]dbury Branch 77 Broad Street Bri5101 BS99 5DP IndeperEdent Examlners David Cox M8E FCA Harwood, Lane & Co Chartered Accountan18 Uni15 14, Crossley Farm Busines8 Centre Swan Lane Winterbourne Brlstol BS36 1RH Page-3 FRAMPTON COThERELL AND OISTRICT COMMUNITY ASSOCIATION CONTENTS Pa TnJ5tees' Report Independent ExamineT3 Report Sl818mant of Finan¢ial Activllies Balance She81 Slatement of Cash Flow3 Notes to the Accounts 9-12 Page-4 FRAMPTON COTTERELL ANO DISTRICT COMMUNITY ASSOCIAMON TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their report and 8ccoun15 for the year ended 31 March 2024. Principal Activity Ouraims are.. Tts provide faallts'es in the interests of social welfare lor re¢realion and lelsure time occupation with the oblect of improving the condlliona ol IlfÈ for lh8 Inhabitants of Framplon Cotterell and Dl$lrfcL Tanglble Fixed Assets for use by the charlty Details of movernenls in fixed assets 8r8 59t oul in note 2 to the accounts. Trustee¥ The Iruslees during the period under review were.. D Humphreys C Bain T. Knight N Smith Publlc Benefit Ststsment The charity trustees have complied with Ihelr duty lo have due regard to the guidance on publlc benefft published by the Charity Commission In exercising their powers and dulie8. Trust••s' Responslblllty Statement Charity law requires th8 Trustees to pmpare accounts for each finan(¥81 year whlch gSve a true and fair v￿W of the slate of affairs ol the charity and of ils incomè and axpenditure for that period. In preparing the attached accounts the Twslgès consider the charity has.. used suitable accounting policies and Ihen applled them consistently., made judgements and eslimale8 th81 are reasonable and prudent., stated whether applicable accounling $land8rds have been followed, subject lo any material departures dlsclosed and explanalions in Ihg accounts,. and has pr¥pared the accounts on the going concem b851S. The Trustees have responstbility for maintaining proper accounting records which disclose with reasonable accuracy 8t anytime the financial position of the charity and enable it lo ensure that the financial 81alements comply with Ihe Charities Act 2011. They also have responsibility for safeguarding Ihg 8ssels of the charitable company and hence for taking reasonable slep8 to prevent and detect fraud and other irregularities. Mgmbers oftha Board Mernbefs of the Board, who arè the trustees for the purpose of charity law, who served d¢Jring the year are sel out above In accordan￿ with charity law, 83 the charity Iruslees, we certify that.. So far as we are 8w8ie, Ihéré18 no relevant accounts information of which tho charlty's examiners are unaware,. and As trustees of the charity we have taken all thè steps that we ought lo have taken in order to make ours8lv85 aware of any relevant accounts inforniatlon and to establish that the charity'3 examiners are aware of th81 Snformation. Independent Examlner8 Hamood Lane & Co wefe re-appointed a8 the ¢h8rity's Independenl Examiners during the ye8r and have expfe66ed gnass lo continue in that capacily. Dale Trustèo Page-s INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FRAMPTON COTTERELL AND DISTRICT COMMUNITY ASSOCIATION I report on the accounts of the Charity for thè ￿8r 8ndÉd 31 March 2024. which are sel out on pages 6 10 12. Respectlve responslbllltl88 of trust••s and examlnors The charity's Iru5tee5 are responsible for the pfeparalion of the 8ccoun15. Th¢ charity's trustees consider th8t an audit is not required for this year under section 144121 of the Charities Act 20111th@ 2011 Act) and that an Independent examination is needed. It is my responsibility lo- Examine the accounts under seclSon 145 01 the 2011 Act. To follow the prcc8dures laid down in the General Direclion8 given by the Charity Commission undeT seclion 14515llbl of the 2011 Act and To slate whether partl¢ular matters have come lo my attention. Basls of Sndependent eXam1r￿rS, report My examination wa3 carried out In accordance wllh Ihe General DITecllon8 given by the Ch8dty Commls8ioner3. An examination includes a review of the accoUn￿ng records kept by the charity and a compari50n of the accounts presented with those records. 11 also includes consideration of any unusual terms or disclosures in lh8 accounts and seeking explanat￿n8 from you as truslees concerning any sijch rnatters. The procedures undertaken do not provlde all the evidence that woukl be requir8d in an audlt, and consequently no opinion 18 given as lo whether the accounts present a'trne and fair view and the r8port is Ilmited to those malters sel out in Ihe 81alemenl below. Independent examlnerf¥ ¥tstem•nt In connection with my examination. no matter has come to my attention.. which giv6 me reasonable cause lo believe that, in any msterlal resk*d. the requirements.. to keep accounting records in vKc0rda￿e with sectlon 130 of the 2011 Act., and to prepare accounts which accord wrfh th8 accounting records and lo comply with thè accountlng requirements of the 2011 Act have not t4en met.. or to which. in my opinion, attention should be drawn in order lo enable a proper under51andlng of the accounts lo be reached. ,19c David Cox MBE FCA Harwood, Lane & Co Chartered Accountants Units 14, Crossley Farm 8uslness Centre Swan Lane Winterboume Brislol BS36 1 RH Date: Iq 96_e i+ Page-6 FRAMPTON COThERELL AND DISTRICT COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES AND SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Noteg 2024 General Total 2023 General Total INCOMING RESOURCES Incorne from ¢haritBble 8ctlvities 12 3,432 64,264 Voluntary Inco￿ & Grants 8,100 Income from other tradlng actlvltles Functions Invastment Income 13 635 207 Total Incomlng Resources 72.167 e4,471 RESOURCES EXPENDED Cost of Ralslng Funds Fundraising Costs Expenditure on Ch81kable Actlvlttes 14 69,451 67.891 Total Expèndlture 69.451 67.891 Transfer3 betrfftn fijnds 69.451 67,891 Net Incoming Resources 11 2.718 13.420) Total Funds Brought Fo￿ard 205,093 208,513 Totsl Funds Carrled Forward 11 £207.809 £205,093 The notes on pages 9 to 12 form part of these accounts Page-7 FRAMPTON COTTERELL AND DISTRICT COMMUNITY ASSOCIATION BALANCE SHEET AS AT 31 MARCH 2024 Not8S 2024 2023 TANG18LE FIXED ASSETS 299.483 298,223 FIXED ASSET INVESTMENTS Share In Subsidlary Company URRENT ASSETS Deblors Cash at Bank and in Hand 31,221 67.239 7,232 93.259 98.480 100,491 CREDITORS., amounts falllng due wlthln on• yèar 17,3691 110,856} Net Current Assèts 91.091 89,635 Total Assets le¥¥ Ll•bllltl•s £390 575 £387.859 Capltal and R￿erV Unrestricted Reserves Revaluation ReseNe 207,809 182,766 205.093 182,766 £390.575 £387 8S9 Ms C Bain >_pr 2L'L Approved: On behalf ol th• Board of Trustees Iqloql&)Z (Dale) The notes on pages 9 to 12 form part of these accounts Page-8 FRAMPTON corrERELL AND DISTRICT COMMUNrrY ASSOCIATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 Total Funds 2024 Prfor Year 2023 Net Cash us•d In operatlng actlvltles 16 25,395 8.107 Cash Flowfrom Inv•stlng actlvlugs.. Interest and dividends Investment in subsidiary company Purchase of fL%tures, frttings and equipment Proceeds from sale of inveslrn¢nls 635 207 (1,260} Net cash provlded by In￿StIng actlvltlès {825) 207 C•sh Flow from Ilnanelng actlvlllos.. Repayment of borrowlng Receipt of expendable endowrnent Net cash provlded by financing activities Change In cash and cash equivalents In the ygar 126.020) 8,314 Cash and cash equNalent brought forward 93.259 84,945 Cash and ca¥h equlvalent carrlèd forward £67.239 £93,259 Page-9 FRAMPTON COTTERELL AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 8asls of preparatlon of accounts The accounts have been prepared under the hlslorfcal c081 convention th items Tecognised at cost or transaction valu8 unless olhefw4se staled In Ihe relevant nolelsl to these accounts. The financial statemen13 h8ve been prepared In accordanc8 wilh the Slalement of Recommended Praclic8.' Accountlng and Reporung by Charities preparing their accounts in accocdance with the Flnancial Reporting Standard applicabl8 in the UK and Republlc of Ireland {FRS 1Q21 Issued on 16 July 2014 and the Financlal Reporting Standard applicable In Ihe United Klngdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Frampton CotlerBII and Di51rfct Commtjnily Association meets the definttion of a public benefit entity under FRS102. Assets and Ilabllltles are Initially r8cognlsed 8t hislorical cost or transaction value unless olherwlse staled In the relavanl accountlng policy notes. Tanglble flxed a880ts and depreclation Tangible fixed assets are stated at cos* with the exceptlon of the freehold property which 15 stated al valu8tion. Depreciation Is not calculated on the cost of the flxed assets Property Revaluation An Independ8rit valuation ofthe property was cathed out dunno 2011 and the report dated 18 February 20115howed a valuation of £250,000. The tru8t88s estsrnale thal the prope value at 31 March 2024 is no less Ihan the Balan￿ Sheel value Ivaluation and subsequènl improvement costs). A professional valuation of part ol the propefty was obtair￿d during the pr8vlous ye8f which 8UPPOrts the trustees, opinion of value. Incoming Resources All incoming resources are Sncluded in the statement of financial activities when the charity 13 8ntMed to the income and the amount can be quanlifi$d with re850nable accuracy. Regourees Exp8ndod Expenditure Is recognlsed on an accrual b8sls a8 a Ilablllty Incurred. Expendllure includes any VAT which cannot be fully r8coverable, and is reported as part of the expènditure lo which it rekles. All CO8ls are inclusive ot VAT as the charity Is nol VAT registered Costs of generatlng funds comprlse the costs associated with attractin9 voluntary Incorne. Charitable expenditur8 comprises those costs incuThed by the charity In the delivery of its activilies and seNlces fof 115 benefiaaries. Govémance costs Include those co$15 8SSOClatéd with meeting the constltulional and slalvtory requirernenls of the charity and Indude the Independent exaffliners fees and costs linked lo the strategic management of the charlty. Fund A¢coun*ing Unrestricted funds are avallable lor use al the discretion of the trustees In furihgf8nce of the genefal objectfves oflhe charity. Designated furKIs a￿ unrestdcted funds eaTmarkÈd by the Trustees for parttcular purposes. Restricted funds are subject lo reslriclions on thgir expenditure imposed by Ihe donor or through Ihe terms of an appe81. Paga- 10 FRAMPTON COTTERELL ANO DISTRICT COMIIIUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSETS Freehold Improvemon F&FI Property to Property Equipment (Valts6tlonJ (Cost) (Cost) 2SO.000 27,558 20,665 1,260 Total Cost orvaluatlon As al 1 April 2023 Addhlons 298.223 1,260 £299,483 As at 31 March 2024 £250 000 £27,558 Depreciation As at 1 April 2023 Charge As at 31 March 2024 £0 £0 £0 £0 Net Book Value AS at 31 March 2024 £250,000 £250,000 £27,558 £21,925 £299,483 As at 31 March 2023 £27,558 £20,665 £298.223 HXED ASSET INVESTMEfrir Subsldfary Company Durfng the year. the charity had one wholty owned subsiifiary, incorporated in the UK on 11.06.20. Crossbow Bar Ltd Ireglstered In England and Wales company number. 12664658} provide8 commercial activibes in Qfder lo raise fvnds for the ¢h?rity. A summary ol the results of crossbry￿ Bar Lld15 shawn below. Income and Expendlture Income 30.06.23 30.06.22 75,654 52.999 Expenditure Nel Profil IL0851 (75,8571 £3 {52.850) £149 Retained Eamings at beglnnlng of Repo￿n9 Pèrfod Net Profrt (Lossl for the year Dlstrlbutlon to parenl charlty Retained Eamings at end of Reporting Perrod (142) 149 13) £4 Ngt Assets ILlabllitl89} £5 £8 DEBTORS 2024 2023 Trade t￿lOr5 Inter Company Account Prepayments and accrued Income 3,799 23,340 4,082 £31,221 3,581 3,651 Pag0-11 FRAMPTON COTTERELL AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CREDITORS: amounts falllng duo wlthln ofle year 2024 2023 Intsr Company Account Income in Advance Taxes and Social Securfty Accrua18 4,￿8 2,143 138 3.607 2,154 5,215 £7,369 £10.856 SURPLUS FOR THE YEAR 2024 2023 The surplus of Incom9 over expendllurg is stated afier charging.. Depreuatlon of laroible fixed assets - owned by tre Charity Independent Examiners Fee linc Vati 960 900 STAFF COSTS 2024 2023 Gloss Pension Conlribubork 9,090 60 15.912 £9,150 £15912 Average No ol Employees TRUSTEES REMUNERATIQN AND RELATED PARTY TRANSACTIONS No rnefflber5 of the tKard of trustees received 8ny remuneration dudng Ihe year. Mr D Humphreys 18 8 60% shareholdèr In OH ElecliKal Ltd whlch carried out el8drfcal repairs and inslallalion5 for the Associa￿On at normal ¢Dfflmercial rates. The lolal ol Invoice chars08 excluding VAT was £1,29212023- £0) TAXATION As a charity, Frampton Cotterell and Dlstricl Cornrnunlty Association is exampt from tax on income and g8lns falling within seclon 505 01 the T8xes Act 1988 or s256 of the Taxation ol Chargeable Gains Act 1992 to the exlenl that these are applled to its charitable obled5. No lax chargos have arfsen in the Charfty. io ANALYSIS OF NET ASSETS BETWEEN FUNDS General Reserves Revaluatio Reserve Total Tangible Fixed Assets uirent Assets Current Li8bllllles 116,717 98.460 (7,3691 £207,808 182.766 299.483 98.460 (7,369> £390,574 È182.766 RESERVES Revaluatlon Expendlturt of Asseta At 31.03.24 (69,4511 207,809 01.04.23 Income General R8sefves 205,093 72.167 R8V8luètion ReseNe 182,78 182,766 Total Reserves £387 859 £72.167 £69,451 £0 £390.575 Page- 12 FRAMPTON COTTERELL AND DISTRICT COMf41UNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12 INCOME FROM CHARITABLE ACTJVMES 2024 2023 Subscripllons and Affiliauon Fees Hall Hire and Ren15 RFC Contribul￿n$ Miscellaneou5 Subsldiary Cornpany Manauemenl Fees 3,657 39.153 522 100 20.000 2,409 40,925 230 7(L) 20,orx) £63.432 £64,264 13 INVESTMENT INCOME All of the charities investment income of £63512023 £20n ar15es from money held In interest bearing current and depo&t accounts. 14 CHARITABLE ACTIWTIES 2024 2023 TV L￿ence Broadband￿e1ephOnÈ Insurance Repairs and Renewals Major Repairs Periodic Servicing and Cl8onlng Gardening Council Tax Water Rates Heal and Light LlcenceslPRS Staff Gifts Oonalion8 Independent Examination Payroll SeNices Other Profe8slonal F8es Miscellaneou Advertislng Wage5 and Sal8rfe5 Employee Pension Contributions Office Costs Bad Debts 159 1,231 2,982 11,093 159 875 2.745 5,291 7,385 13,677 292 316 1,926 17,065 460 18.031 179 100 1,592 22.414 568 150 990 362 72 186 900 221 372 115 9,090 60 127 65 15,912 200 £69,451 £67,891 15 RELATED PARTY TRANSACTIONS There were no related party transactions in the current year other than that described in Note 8. 16 RECONCILIATION OF NET MOVEMENTS IN FUNDS TO NET CASH FLOW FROM OPEFATING ACTMTIES 2024 2023 Nel Movement in funds Deduct interest income Decrease lincrease} in debtors Incre88e Ide¢reasel in creditors 2,716 16351 P3,9891 13,4871 13,4201 12071 4,745 6,989 Net Cash used In Operatlng Actlvlties £25.395 £8,107