REGISTERED CHARITY NUMBER: 301556 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for Kingswood Community Association Raymarsh Ford Limited Chartered Accountants Ground Floor 41 High Street Kingswood Bristol BS154AA Kingswood Community Association Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees 1 to3 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes lo the Financial Statements 71011 Delailled Statement of Financial Activities 12to13 Kingswood Community Association Report of the Trustees for the Year Ended 31 March 2024 The Trustees present their report wth the financial statements of the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice ISORPI ' A￿untIng and Reporting by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 301556 Principal addre$$ Community Centre High Street Kingswood Bristol BS15 4AB Trustses R Hamblin J Hurst Iresigned 1 February 20231 J Lewis (resigned 25 January 20231 L Pickup Ind&p8nd8nt axaminar Raymarsh Ford Limited Chartèred Accountants Ground Floor 41 High Street Kingswood Bristol BS15 4AA STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed tsf trust. This consts"tules an unincorporated charity registered on 13 November 1962 and governed by a constitution amended on 29 January 1979 and 1 March 1982. Organisational structure The charity was under the trusteeship of Mr Hamblin and Mr Pickup. Rlsk management The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. OBJECTIVES AND ACTIVITIES Objoctivas and aims The objectives of the Association are {il lo promote the benefit of the inhabitants of the area of benefit by means of advancing education and to provide facilits'es in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitsnls lill the eslablishmenl and mainlenan¢e of a community Cenlre. The Trustees confimi that they have referred lo the guidance contained in the Charity Commission's general guidance on public benefrt when reviewing the charities aims and objectives and in planning future activities. Significant activities The main area of charitable activity has continued lo be the provision of the community centre facilities to a wide range of groups and club5 engaged in educational, social and leisure activities. Page 1 Kingswood Community Association Report of the Trustees Iconlinuedl for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities The Trustees have focused their continued efforts on endeavouring to maintain the level of donations and funds raised to SUPFX)rt charitable aims. The charity reported the following results in the year. 2024 110,7611 2023 17,3531 Surpluslldeficill There is limited scope for increasing the income of the charity whether from lettings to groups and lubs or from its associated organisation, the Kingswood Community Centre Social Club and sound financial management is necessary lo ensure the charity's viability. Investment performance The charity only invests money with UK banks and seeks to obtain the best rate of return for the least financial risk. FINANCIAL REVIEW Reserves policy The charity holds sufficient resetves lo meet the funding requirements needed lo cover the cost of ServI￿S for the following year. TRUSTEES. RESPONSIBILITY STATEMENT The Trustees are responsible for preparing the Trustees, Report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England and Wales requires the charity trustees lo prepare financial statements for each year that give a trues and fair view of the slate of affairs of the charity and of the incoming resources and application of resoLJrces of the charity for that period. Page 2 Kingswood Community Association Report of the Trustees Iconlinuedl for the Year Ended 31 March 2024 TRUSTEES. RESPONSIBILITIES STATEMENT ICONTINUEDI In preparing these financial statements the Trustees are required lo.. select suitable accounting policies and the apply them consislenlly observe the methods and principles in the applicable Charities SORP., make judgements and accounting estimates that are reasonable and prudent., stsle whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial stalemenls., and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charity will conts'nue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable awuracy at any lime the financial position of the charity and enable them lo ensure that the financial ststemenls comply with the Charities Act 2011, the applicable Charities IAccoLJnls and Reports) Regulations and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of Iruslees and signed on its behalf by.. L Pickup Vice Chairman 23 Oct 2024 Date Page 3 Independent Examinerfs Report to the Trustees of Kingswood Community Association I report on the accounts for the year ended 31 March 2024, which are sel out on the pages five to eleven. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements on the Charities Act 2011 1 the ACY'I. I have examined your charity's accounts as required under section 145 of the Charities Act 2011 1"the ACV'I. In carrying out my examination I have followed the Directions givent by the Charity Commission under section 14515llbl of the 2011 Act. My role is to state whether any material matters have come lo my attention giving me cause to believe. 1. that accounting records were not kept as required by section 130 of the Act", or 2. that the accounts do not accord with those records., or 3. that the accounts do not comply with the accounting requirements of the Act., or 4. that there is further Infomiation needed for a proper understanding of the accounts. Independent examlnerfs statement I have completed my examination and have no concerns in respect of the matters {1110141 listed above and. in connection with following Directions of the Charity Commission, I have found no matters that require drawing to your attention. ty,. F.. Christopher Barry Ford FCA Chartered Accountant Raymarsh Ford Limited Chartered Accountants Ground Floor 41 High Street Kingswood Bristol BS15 4AA 23 Ocl 2024 Page 4 King5wood CoTnrnunity Association statement of Financial Activities for the Year Ended 31 March 2024 2024 Unrestricted Restricted funds funds 2023 Unrestricted Restricted funds funds Total funds Notes INCOMING RESOURCES Incoming resources generated from funds Voluntary income Grants Activities for generating funds Totsl in¢oming ￿Qu￿e8 993 993 1,184 97,112 97,112 87,348 98.105 98,105 88,532 RESOURCES EXPENDED Charitabl8 activities Expendituie on charitable activib.es 108.866 108,866 95,885 NET INCOMING lExPEND￿uRE11RESOURCEs 110.7611 110,7611 17.3531 RECONCILIATION OF FUNDS Total funds brought forward 139,647 139,647 147,0(X) TOTAL FUNDS CARRIED FORWARD 128.886 128,886 139,647 The notes lomi part of these fi'nancial statements Page 5 Kingswood Community Association Balance Sheet At 31 March 2024 2024 2023 Notes FIXED ASSETS Tangible fixed assets 106,797 111,460 CURRENT ASSETS Stocks Debtors Cash al bank 10 7,232 24,011 10 2,924 30,708 CREDITORS Amounts falling due within one year 19,1641 12,7651 NET CURRENT ASSETSIILIABILITIES) 22,089 30,877 TOTAL ASSETS LESS CURRENT LIABILITIES 128,886 142,337 NET ASSETS 128,886 142,337 FUNDS Unrestricted funds Reslricled funds 128,886 139,647 128,886 139,647 The financial statements were approved by the Board of Trustees and were signed on its behalf by.. L Pickup- Vice Chairman Trustee 23 Oct 2024 Date.. The notes form part of these financial statements Page 6 Kingswood Community Association Notes lo the Financial Statements for the Year Ended 31 March 2024 1. ACCOUNTING POLICIES Accounting convention The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities leffective April 20081, the Charities Act 2011 and the requirements of the Slataement of Recommended Practice, Accounting and Reporting by Charities. Incoming resources All incoming resources are included on the Ststemenl of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed to particular headings they have been allocated lo activities on a basis consislenl with the use of resources. Tangible flxed assets Tangible assets are initially recorded at cost and subsequently stated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value al the date of the revaluation less any subsequent accumulated depreciation and impairment losses. An increase in the carrying value of an asset as a result of a revaluation is recognised in other recognised gains and losses unless il reverses a charge for impairment that has been previously recognised as expenditure within the statement of financial activities. A decrease in the carrying value of an asset as a result of a revaluation is recognised in other recognised gains and losses except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial aclivilies. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset less ils residual value over the useful economic life of that asset as follows.. Freehold property Equipment and furniture 20/0 slraighl line on buildings 200A straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date with the recoverable amount being estimated where such indicators exist. Where the carrying value exTreds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing when it Is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The Cash￿enerating unit Is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. Page 7 Kingswood Community Association Notes lo the Financial Statements- continued for the Year Ended 31 March 2024 1. ACCOUNTING POLICIES- contlnued Impaimient of fixed assets - continued For impairment lesling of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash%eneraling units that are expected lo benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned lo those units. Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present locats'on and condition. Taxation The charity is exempt from tax on ils charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the Trustees. Reslricled funds can only be used for particular restricted purFioses within the objects of the charity. Reslriclion arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slalements. 2. ACTIVITIES FOR GENERATING FUNDS 2024 Unrestricted 2023 Total Reslricled KCA Social club Canteen Groups and club lellings Car park rents 7,800 5,500 85,543 3,568 78,316 3,526 97,112 87,348 3. TRUSTEES. REMUNERATION AND BENEFITS There are no Iruslees. remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees. expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 8 Kingswood Community Association Notes to the Financial Statements- continued for the Year Ended 31 March 2024 4. STAFF COSTS The total staff costs and employee benefits for the reporting period are analysed as follows. 2024 2023 Wages and salaries 48,108 44,324 The average number of employees during the period was No employee received employee benefits of more than £60,000 during the year12023.' Nill. S. TANGIBLE FIXED ASSETS Freehold property Equipment Total Cost brought fOn￿ard Additions Disposals Cost carried forward 258,068 20,010 278,078 256,068 20,010 276,078 Accumulated depreciation brought forward Charge for the period Disposals 144,609 4,663 20,009 164,618 4,663 149,272 20,009 169,281 Nat book valu& at 31 March 2024 106,796 106.797 Nel book value al 31 March 2023 111,459 111,460 6. STOCKS 2024 2023 Raw materials and consumables 10 10 7. DEBTORS 2024 2023 Trade debtors Loan with Kingswood Community Social Club 5,432 1,800 2,924 7,232 2,924 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Accruals Social security and other taxes Wages 229 3,444 573 4,918 1,050 960 161 594 9,164 2,765 Page 9 Kingswood Community Association Notes to the Financial Statements - continued for the Year Ended 31 March 2024 9. MOVEMENT OF FUNDS Nel movement in funds A131 March 2024 At 1 April 2023 Unrestricted funds General fund Rgstri¢ted funds GB Britton 139,647 110,7611 128,886 TOTAL FUNDS 139,647 110,7611 128,886 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund Restricted funds GB Britton 98,105 {108,8661 110,7611 TOTAL FUNDS 98,105 108,866 10,761 Comparatives for movement in funds Nel movement in funds A131 March 2023 Al 1 April 2022 Unrestricted funds General fund Restricted funds GB Britton 147,000 17,3531 139,647 TOTAL FUNDS 147,000 7,353 139,647 Comparative nel movement in funds, included in the above are as follows.. Incoming reSoUr￿S Resources expended Movement in funds Unrestricted funds General fund Restricted fund8 GB Britton 88,532 195,8851 {7,3531 TOTAL FUNDS 88,532 195,8851 17,3531 Page 10 Kingswood Community Association Notes lo the Financial Statements- continued for the Year Ended 31 March 2024 10. RELATED PARTIES Kingswood Community Association Social Club The balances are not consolidated are.. 2024 2023 Surplus for the period - before payments to the KCA Payments to the KCA 7,779 7,800 8,497 5,500 Surpluslldeficitl for the period {211 2,997 Accumulated fund brought forward 3,333 336 Accumulated fund carried fotward 3,312 3,333 Page 11 Kingswood Community Association for the Year Ended 31 March 2024 The following pages do not form part of the financial statements Page 12 King5wood CoTnrnunity Association Detailed Statement of Financial Activities for the Year Ended 31 March 2024 2024 Unrestn'cted Restricted 2023 Unrestricted Restricted INCOMING RESOURCES Voluntary Income Donations Membership subscriptions 993 1,184 993 1,184 Actlvltles for generatlng funds KCA Soual dub Canteen 7,800 5,500 Penalty clauses Groups and club lettings C8r p81k ients Social functions Sundries Grants 2(KJ 85,543 3.568 78,316 3,526 97,112 87,348 Total incoming re50urcès 98.105 88,532 RESOURCES EXPENDED Charitable activities Canteen Evening classes Teachers fee Penalty clauses refunds 11.2001 15801 11.2001 15801 Support costs Management Staff costs 148.1081 143.4221 Premises costs Communications & IT Printing & 5t8tionery Insurance5 & licenses Donab"ons Sundries Depreciatio 141.9101 16661 12121 17.4951 1501 16291 14.6631 135,9271 18S71 12571 18.2861 12811 14.6631 Flnance Finan￿ costs Accountancy 14891 13.4441 14381 11.1641 107,666 95,305 Transf8r5 betwe8n fund TOTAL RESOURCES EXPENDED 1108,8661 195,8851 Net lexpendlturelllncome 10,761 7,353 This page does not form part ol the statutory fi'nancial statements Page 13