REGISTERED CHARITY NUMBER: 301673
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Hungerford Community Association
Wormald & Partners Chartered Accountants (ICAEW) Brunel House 11 The Promenade Clifton Down Bristol BS8 3NG
Hungerford Community Association
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
Hungerford Community Association
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The trustees are responsible for safeguarding the assets of the charity and hence for taking steps for the prevention and detection of fraud and other irregularities. They are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity.
The main object of the charity is the provision of facilities to enable the local community to hold religious meetings, to run various children groups and educational groups as well as other social events and activities throughout the year.
With ever increasing running and maintenance costs, our intention is to promote the further facilities for the benefit and good of the Hungerford Community.
As in previous years, we would like to thank our volunteers for their valued hard work and dedication during the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a constitution and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 301673
Principal address
Hungerford Community Centre Hungerford Road Bristol BS4 5EX
Trustees
D Brassington M Smith J Staples
Managing Committee
B Smith (Chairperson) K Daly (Secretary) E Gadd (Treasurer) L Bond (Committee) D Bowden (Committee) A Bryant (Committee) C Jones (Committee) B Johnson (Committee) R Frampton (Committee) J Moore (Committee) R Carter (Committee)
Approved by order of the board of trustees on 25 February 2025 and signed on its behalf by:
D Brassington - Trustee
Page 1
Hungerford Community Association
Statement of Financial Activities for the Year Ended 31 December 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 90 Other trading activities 2 23,854 Investment income 3 21,802 Total 45,746 EXPENDITURE ON Other 61,943 NET INCOME/(EXPENDITURE) (16,197) RECONCILIATION OF FUNDS Total funds brought forward 143,212 TOTAL FUNDS CARRIED FORWARD 127,015 |
Restricted fund £ - - - - - - - - |
2024 Total funds £ 90 23,854 21,802 45,746 61,943 (16,197) 143,212 127,015 |
2023 Total funds £ 115 18,741 1 18,857 27,625 (8,768) 151,980 143,212 |
|---|---|---|---|
The notes form part of these financial statements
Page 2
Hungerford Community Association
Balance Sheet 31 December 2024
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 35,478 CURRENT ASSETS Debtors 7 87,164 Cash at bank and in hand 12,817 99,981 CREDITORS Amounts falling due within one year 8 (8,444) NET CURRENT ASSETS 91,537 TOTAL ASSETS LESS CURRENT LIABILITIES 127,015 NET ASSETS 127,015 FUNDS 9 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
2024 Total funds £ 35,478 87,164 12,817 99,981 (8,444) 91,537 127,015 127,015 127,015 127,015 |
2023 Total funds £ 35,350 82,758 32,089 114,847 (6,985) 107,862 143,212 143,212 143,212 |
|---|---|---|---|
| 143,212 |
The financial statements were approved by the Board of Trustees and authorised for issue on 25 February 2025 and were signed on its behalf by:
D Brassington - Trustee
The notes form part of these financial statements
Page 3
Hungerford Community Association
Notes to the Financial Statements for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance basis
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions 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 statements.
2. OTHER TRADING ACTIVITIES
3.
| Hall Hire Rent Received INVESTMENT INCOME Deposit account interest Grants |
2024 £ 17,074 6,780 23,854 2024 £ 2 21,800 21,802 |
2023 £ 12,741 6,000 |
|---|---|---|
| 18,741 | ||
| 2023 £ 1 - |
||
| 1 |
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Hungerford Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
6.
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 115 Other trading activities 18,741 Investment income 1 Total 18,857 EXPENDITURE ON Other 27,625 NET INCOME/(EXPENDITURE) (8,768) RECONCILIATION OF FUNDS Total funds brought forward 151,980 TOTAL FUNDS CARRIED FORWARD 143,212 TANGIBLE FIXED ASSETS Improvements Freehold to property property £ £ COST At 1 January 2024 25,000 25,090 Additions - - At 31 December 2024 25,000 25,090 DEPRECIATION At 1 January 2024 - 17,198 Charge for year - - At 31 December 2024 - 17,198 NET BOOK VALUE At 31 December 2024 25,000 7,892 At 31 December 2023 25,000 7,892 |
Restricted fund £ - - - - - - - - Fixtures and fittings £ 39,203 558 39,761 36,745 430 37,175 2,586 2,458 |
Total funds £ 115 18,741 1 18,857 27,625 (8,768) 151,980 143,212 Totals £ 89,293 558 89,851 53,943 430 54,373 35,478 35,350 |
|---|---|---|
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Hungerford Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
| 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Loan to Social Club VAT Prepayments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Loans Received from members Creditors & Accrued expenses 9. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.1.24 £ 143,212 143,212 Incoming resources £ 45,746 45,746 At 1.1.23 £ 151,980 151,980 |
2024 2023 £ £ 77,371 77,692 5,459 1,101 4,334 3,965 87,164 82,758 2024 2023 £ £ 2,900 2,900 5,544 4,085 8,444 6,985 Net movement At in funds 31.12.24 £ £ (16,197) 127,015 (16,197) 127,015 Resources Movement expended in funds £ £ (61,943) (16,197) (61,943) (16,197) Net movement At in funds 31.12.23 £ £ (8,768) 143,212 (8,768) 143,212 |
|---|---|---|
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Hungerford Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 18,857 TOTAL FUNDS 18,857 A current year 12 months and prior year 12 months combined position is as follows: At 1.1.23 £ Unrestricted funds General fund 151,980 TOTAL FUNDS 151,980 |
Resources Movement expended in funds £ £ (27,625) (8,768) (27,625) (8,768) Net movement At in funds 31.12.24 £ £ (24,965) 127,015 (24,965) 127,015 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 64,603 | (89,568) | (24,965) |
| TOTAL FUNDS | 64,603 | (89,568) | (24,965) |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 7
Hungerford Community Association
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | - | 12 |
| Memberships | 90 | 103 |
| 90 | 115 | |
| Other trading activities | ||
| Hall Hire | 17,074 | 12,741 |
| Rent Received | 6,780 | 6,000 |
| 23,854 | 18,741 | |
| Investment income | ||
| Deposit account interest | 2 | 1 |
| Grants | 21,800 | - |
| 21,802 | 1 | |
| Total incoming resources | 45,746 | 18,857 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Rates and water | 2,461 | 2,360 |
| Insurance | 3,469 | 3,279 |
| Light and heat | 15,153 | 9,880 |
| Telephone & internet | 872 | 820 |
| Cleaning & Sundries | 1,886 | 2,548 |
| Licences | 248 | 539 |
| Repairs & Renewals | 32,491 | 7,038 |
| Bureau Charges | 800 | 200 |
| Accountancy | 700 | 577 |
| Subscriptions | 3,362 | - |
| Fixtures and fittings | 429 | 280 |
| 61,871 | 27,521 | |
| Finance | ||
| Bank charges | 72 | 104 |
| Total resources expended | 61,943 | 27,625 |
| Net expenditure | (16,197) | (8,768) |
This page does not form part of the statutory financial statements
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