**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<br>funds<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>90<br>Other trading activities<br>2<br>23,854<br>Investment income<br>3<br>21,802<br>**Total**<br>45,746<br>**EXPENDITURE ON**<br>Other<br>61,943<br>**NET INCOME/(EXPENDITURE)**<br>(16,197)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>143,212<br>**TOTAL FUNDS CARRIED FORWARD**<br>127,015|Restricted<br>fund<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|2024<br>Total<br>funds<br>£<br>90<br>23,854<br>21,802<br>45,746<br>61,943<br>(16,197)<br>143,212<br>127,015|2023<br>Total<br>funds<br>£<br>115<br>18,741<br>1<br>18,857<br>27,625<br>(8,768)<br>151,980<br>143,212|
|---|---|---|---|



The notes form part of these financial statements 

Page 2 



## **Hungerford Community Association** 

## **Balance Sheet 31 December 2024** 

|Unrestricted<br>funds<br>Notes<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>6<br>35,478<br>**CURRENT ASSETS**<br>Debtors<br>7<br>87,164<br>Cash at bank and in hand<br>12,817<br>99,981<br>**CREDITORS**<br>Amounts falling due within one year<br>8<br>(8,444)<br>**NET CURRENT ASSETS**<br>91,537<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>127,015<br>**NET ASSETS**<br>127,015<br>**FUNDS**<br>9<br>Unrestricted funds<br>**TOTAL FUNDS**|Restricted<br>fund<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|2024<br>Total<br>funds<br>£<br>35,478<br>87,164<br>12,817<br>99,981<br>(8,444)<br>91,537<br>127,015<br>127,015<br>127,015<br>127,015|2023<br>Total<br>funds<br>£<br>35,350<br>82,758<br>32,089<br>114,847<br>(6,985)<br>107,862<br>143,212<br>143,212<br>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<br>Rent Received<br>**INVESTMENT INCOME**<br>Deposit account interest<br>Grants|2024<br>£<br>17,074<br>6,780<br>23,854<br>2024<br>£<br>2<br>21,800<br>21,802|2023<br>£<br>12,741<br>6,000|
|---|---|---|
|||18,741|
|||2023<br>£<br>1<br>-|
|||1|



Page 4 

continued... 



**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<br>funds<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>115<br>Other trading activities<br>18,741<br>Investment income<br>1<br>**Total**<br>18,857<br>**EXPENDITURE ON**<br>Other<br>27,625<br>**NET INCOME/(EXPENDITURE)**<br>(8,768)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>151,980<br>**TOTAL FUNDS CARRIED FORWARD**<br>143,212<br>**TANGIBLE FIXED ASSETS**<br>Improvements<br>Freehold<br>to<br>property<br>property<br>£<br>£<br>**COST**<br>At 1 January 2024<br>25,000<br>25,090<br>Additions<br>-<br>-<br>At 31 December 2024<br>25,000<br>25,090<br>**DEPRECIATION**<br>At 1 January 2024<br>-<br>17,198<br>Charge for year<br>-<br>-<br>At 31 December 2024<br>-<br>17,198<br>**NET BOOK VALUE**<br>At 31 December 2024<br>25,000<br>7,892<br>At 31 December 2023<br>25,000<br>7,892|Restricted<br>fund<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>Fixtures<br>and<br>fittings<br>£<br>39,203<br>558<br>39,761<br>36,745<br>430<br>37,175<br>2,586<br>2,458|Total<br>funds<br>£<br>115<br>18,741<br>1<br>18,857<br>27,625<br>(8,768)<br>151,980<br>143,212<br>Totals<br>£<br>89,293<br>558<br>89,851<br>53,943<br>430<br>54,373<br>35,478<br>35,350|
|---|---|---|



Page 5 

continued... 



**Hungerford Community Association** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** 

|**7.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Loan to Social Club<br>VAT<br>Prepayments<br>**8.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Loans Received from members<br>Creditors & Accrued expenses<br>**9.**<br>**MOVEMENT IN FUNDS**<br>**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**<br>Net movement in funds, included in the above are as follows:<br>**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**<br>**Comparatives for movement in funds**<br>**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|At 1.1.24<br>£<br>143,212<br>143,212<br>Incoming<br>resources<br>£<br>45,746<br>45,746<br>At 1.1.23<br>£<br>151,980<br>151,980|2024<br>2023<br>£<br>£<br>77,371<br>77,692<br>5,459<br>1,101<br>4,334<br>3,965<br>87,164<br>82,758<br>2024<br>2023<br>£<br>£<br>2,900<br>2,900<br>5,544<br>4,085<br>8,444<br>6,985<br>Net<br>movement<br>At<br>in funds<br>31.12.24<br>£<br>£<br>(16,197)<br>127,015<br>(16,197)<br>127,015<br>Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(61,943)<br>(16,197)<br>(61,943)<br>(16,197)<br>Net<br>movement<br>At<br>in funds<br>31.12.23<br>£<br>£<br>(8,768)<br>143,212<br>(8,768)<br>143,212|
|---|---|---|



Page 6 

continued... 



**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<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>18,857<br>**TOTAL FUNDS**<br>18,857<br>A current year 12 months and prior year 12 months combined position is as follows:<br>At 1.1.23<br>£<br>**Unrestricted funds**<br>General fund<br>151,980<br>**TOTAL FUNDS**<br>151,980|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(27,625)<br>(8,768)<br>(27,625)<br>(8,768)<br>Net<br>movement<br>At<br>in funds<br>31.12.24<br>£<br>£<br>(24,965)<br>127,015<br>(24,965)<br>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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