NEW STOCKWOOD COMMUNrrY ASSOCIATION REPORT AND FINANCIAL STATEMENTS 28 OCTOBER 2024 th Street Brt 8S1 6HL
NEW STOCKWOOD COMMUNITY ASSOCIATION Contents Page Infomiali TN$tees' Report 2-3 IT¥Jependent Examiners Report statement of Finan¢ial Activities Balance Sheet Note5 to the Aco)unts 7-10
NEW STOCKWOOD COMMUNITY ASSOCIATION Inlormatlon Trustees C Rid(ards D Howe P Bush R Watkins Charlty Offl¢e Stockwood Lar stockwood Bristd BS14 8SJ Accountants Gravrta Bath House 6- 8 Bath Street BS18HL Bankers 8arday5 Bank PLC Leitr5ter LE87 2BB Reglstered Charsty Number 301697
NEW STOCKWOOD COMMUNITY ASSOCIATION TRUSTEES REPORT 28th OCTOBER 2024 The trustees present their reFOrt wth the financial statement5 of the charity for the year ended 28th October 2024 The trustees have adopted the provisions ol A¢¢ounting and Reporting by Charities.. Statement of Recomrmended Practice applicable to Charities preparing their accounts in acrdnCe wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1st January 20151. Structure, govemance anil management The trust was established under tnjst deed d8ted 28th October 1966 and is a registered chanty, number 301697. The power of appointing tnJste8s is contained in the constitution acbpted on 20th August 1974. Trustees The trustees named on page 1 have Served throughout the year. Appointment of ttustees 15 govemed by the Trust deed of the ch8rity. The Board of Trustee5 is authorised to appoint new trustees to fill valznaes arising through resignation or death of an exsting trnstee. Investment Powers The trust deed authorises the trustees to make and hold investrnents using general fund5 of the chanty, but no 5u¢h investments are presendy he. Oblectfves and a¢tlvities Th8 objectives of the chanty are lo promote the benefit of the inhabitants ol StocfvO and the neighbrhood and to talsh and manage 8 cornmunty centre. Developments, actlvllles and achlevements thls year The trustees consider that the perforrnan of the ch8rity thi8 year has been satisfactrry. Flnanclal revlew Funds available are suffioenl to pennil the charity lo nts.Ue in operation in the medium term given This agreement pmvides all proffts of the cornpany to be transferred to the charity and is show in the financial statements as rent received. Losses of the company are charged to The Charity as rent payable. Should either this arrangement discontinue, or the company cease to make regukr profits, then further financval support would need to be sought in the longer tetm. Rlsk management The trustees actively rewew the major risks which the charity faces on a reguL8r basis and beIve that maintaining reserves at current levds. mbIned wth an annual remew of the controls over key financial 5ySterHs, will provide sufficient reS0rS in the event of adverse ndItiOnS. The trustees have also examined other operèlional and business risks fa by the charity and nfirM that they have established systems to mitigate the significant risks.
NEW STOCKWOOD COMMUNITY ASSOCIATION TRUSTEES REPORT 28th OCTOBER 2023 Future developments The ¢harity has no plans to d)ange its actiMti8s in the near future. Reserves Pollcy It Is the lIcY of the charity to keep reserves unrestricted in otder to give maximum flelK"IrtY over the funds available with whid) to setue the costs of the charity. As at 28th October 2024 reserves held totalled £63,41112023.. £72,2TII. Public benefit The Board has had regard for the Charty Commission's guidance on public benefit. The AssOation provides benefit to Ihe local cornmunity by managing a comrnunity wtre for the k)¢al inhabitants. Tris rewjrt was approved bythe twstees on .......... and signed on their behalf. Trustee R Watkins
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF NEW STOCKWOOD COMMUNITY ASSOCIATION I rewrt to the charity trustees on my examination of the accounts of the Charity for the year ended 28 October 2024 which are set out on pages 5 to 10. Responslbllltles and basls of feport As the tharity's truste85 you are responsitrAe for the preparation of the a¢count$ in a(tordan¢e with the requirements of the Ch8rities Act 20111'the Act'l. I report in respe¢t ol my examination of the ¢hariWs actounts carried out urKler section 145 of the Ad and in G8rrwng out rny examination I have followed all the aPOlb DiredDns given by the Charity Commission under se¢tion 14515llbl of the Act Independent examlnefs statement I have cornpleted my examination. I confirm that no material matters have wrne to my attention in connection ith the examination giving me cause to believe that in any material resped.. accounting records weE not kept in respect of the charty as required by section 130 of the Act.. or the account5 do not accord wth those records." or 3. the accounts do not ¢omply with the applubk rewirernents ConmIng the forrn and content of accounts set out in the Charities (Accounts and Reports) ReguLqbons 2008 other than any requirement that the alOunt5 give a'true and fair viewP which is not a matter considered as part of an independent exarnlnatn. I have WK) concems ard have Come across no other matters in connection wth the eXarnlnatn to attention should be in Ih15 report in order to enab 8 Fyoper understanding of the acwunts to be reached. Matthew Bracher Bsc FCA Independent Examiner Gravita Chartered Acctants Bath House 6- 8 Bath Street Bristol BS16HL DATE..
NEW STOCKWOOD COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 28th OCTOBER 2024 2024 Unrestrlcled funds 2023 Unrestricted funils INCOME FROM: Donations & Legaues Charitable arVitieS Invesbrenls Exempt income Other iricome Note 3,762 21.406 2,713 18.309 87 1,766 150 21,025 TOTAL INCOME 25,218 EXPENDITURE ON.. Charitsble aCtIv"e5- wovisk)n of a community centre 34,084 42,552 TOTAL EXPENDITURE 34,084 42,552 NET INCOMING RESOURCES FOR THE YEAR 18.8661 121,5271 FUNDS AT 29 OCTOBER 2023 72,277 93.804 FUNDS AT 28 OCTOBER 2024 63,411 72.277
NEW STOCKWOOD COMMUNITY ASSOCIATION BALANCE SHEET AS AT 28th OCTOBER 2024 2024 Unrestri¢tsd fvnds 2023 Unrestrlcted funds Note FIXED ASSETS Tar01te assets 60,730 64.540 CURRENT ASSETS Debtors Cash at bank and In hand 10 5.791 2.120 7,911 8.357 5,239 13,5 CURRENT LIABILITIES Creditors and Ac¢ruals NET CURRENT ASSETS 5,230 5,858 2.681 7,738 63,411 72,277 NET ASSETS 63.411 72.277 REpRESEED BY Unrestrfcted funds 63,411 72,271 63.411 72.2TI These fiTranoal ststernents were approved bythe trustees on .......... and were signed C RkardS
NEW STOCKWOOD COMMUNITY ASSOCIATION O THE ACCOUNTS ORTH EAR ENDED 28th OCTOBER 2024 ACCOUNTING POLICIES Basls of prepardtion ol a¢¢ounts Slockwocd Community Association is a registerad charty in England. In the Èv8nt of the charty bing wound up, the liability in respect of the guarant88 is limited lo £1 per metnber of the charity. The address of the regi8l&r8d office is given in the charrty inforrnalion on page 1 of these financial stat8m&nts. The chanty constitutes a public nefit tnlity as defined by FRS 102. ThÈ finarKial stslements have beèn prepared in accordance with Accounting arKI Rèsx)rting by char$.. Stat8rnent of Recommended Practice applicablè to charities preparing their accounts in accordanre wth thè Financial Reporting Standard appliG¥ble in the UK and Rewblic of1rel8nd IFRS 1021 issued in October 2019. the Financial R&porting St2nd8rd applicable In the United Kingdom and Republic of Ireland IFRS 1021. the Chanties Act 2011. and UK Generslly Apted Accounting Practice. The financial stateTDents &re prepared under the histollcal cost ry)nvenbon. The finanaal staternent5 are presented in Sterting which is the fvncth.onal currency of the charity, rounded to the neai8St £_ Going conGem At the tsme of approving the financial staternents. the tru8t8ès have a r8asonable expectati{ that the Charity has adequate resources lo Contie in opprational existence for the foreseeable future. Thus the truste85 continue to adopt thè gn9 concern bssis of accounting in prepanng th8 financial stalennts. Tanglble red as5et5 for use by thÈ charlty and depreclation T8ngible fixed assets for use by the charity are staled at C05t less depr8ciatw)n. Depreciation is provided at rates calculÈted to write off the cost or valuation of fixed assets. less thèir &stimated residual value. over thèir expecl&d useful livès on the fdlowing bas.' F¥8ehold property 2% straight line Income Btsth inv8slrn8nt and rnerrJbeTship Inco ar8 accounted for as roceived by the Charity. Tha r8ntaS income reprn1$ annua1 profrts aG(Yued by Stockwood Soci81 Club Limited ano5 ts account&1 foron an annual basis. Hiw income is recognised a5 the relevant events occur. Dlrect costs Direct cost5 are those rèlated to the operatiro and maintaining of the building, and the acts"vates undertaken within it. Support Costs Admintstratson eypenditure includes all exnditUre not direcdy related to the th4ritable aetivty. This ¥ndudÈs costs of slaff salarEs for 8drDinistration staff. bookkeaping and account e)tarninatitsn f888. Funds Unrèstricted funds are Èvailable for us8 at the discretion of the tW5tee5 in furtharance of the general objectives of Ch2Tity and which have not bÈen dÈsignat8d for other purpose5. 2024 2023 2 INCOME FROM DONATIONS AND LEGACIES Donations MembeFship inix)me 1.189 2,573 3,762 1.119 1.594 2.713
NEW STOCKWOOD COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28th OCTOBER 2024 3 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Hire of hall 21.406 21.406 16,309 16,309 4 INCOME FROM INvESTMEs 2024 2023 Interest recVable on cash deposit5 87 Direct Costs Support Costs 5 EXPENDITURE ON CHARITABLE ACTIVITIES Total Prowi5ion of & comrnunrty centre 30,669 3,415 34,084 30.669 3.415 34.084 2024 2023 6 DIRECT COSTS Gas and electri¢ Insurance Waste disposal Rate5 and Water Licences and notices Hygiene Deprec4ation Security Postage and stationery Repairs and renewals Communication charges Miscellaneous Rent paysble 10,558 2,611 1,140 2,954 543 396 3,810 880 409 5,774 439 112 11,429 2.469 1.540 2,460 299 319 3,810 1,207 164 4.461 390 59 30,669 38,054
NEW STOCKWOOD COMMUNITY ASSOCIATION NOTES TO THE ACCOU TS FOR THE YEAR ENDED 28th OCTOBER 2024 7 SUPPORT COSTS 2024 2023 Govemance Costs".- Accountan¢y Bookkeeping fees Bank ¢harges 550 1,605 1,535 1,080 4,498 8 NEf MOVEMENT IN FUNDS IN THE YEAR 2024 2023 The net movement in funds in the year 15 Stated after charging.. Depreciation of tangible fixed assets for use by the charity 3.810 3.810 9 TANGIBLE FIXED ASSETS FOR USE BY THE CHARITY Freehold Property Equlpment Total Cost At 29 Odober 20 1,482 79,799 270,281 Addib"ons At 28 Octobei 2024 190.482 79.799 210.281 Depreclatlon At 29 October 2023 125,942 79,799 205,741 Charge 3,810 3,810 At 28 October 2024 129,752 209.551 Net book value At 28 0¢lober 2024 60,730 60,730 At 28 October 2023 10 DEBTORS 2024 2023 New stoCkw Sock41 Club Lirnited Prepayments 3,136 2,655 5.572 2,785 5.791 8,357
NEW STOCKWOOD COMMLINITY ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28th OCTOBER 2024 11 CREDITORS.. amounts falllng due wlthln one year 2024 2023 Trade creditors Accruals VAT liability 1.668 857 2.705 5,230 3.3 1,072 1,421 5,858 12 TRUSTEES REMUNERATION AND EXPENSES None of the trustees were remunerated or received expenses during the yeaf to 28 October 2024 or the year lo 28 October 2023_ 13 NEW STOCKWOOD S(KIAL CLUB LIMITED The charity holds all of the share capita of Ihe above, the cost having been written off al acquisition. Nature of bu5ine5S-. Class of shares. Holding.. Social Club Ordinary 100% 2024 2023 Aggregate Capital and r&%erves 495 495 4 RELATED PARTY TRANSACTIONS The tharity owns the entire share capital of New Stockwood Social Club rnited. The charity receives all profitsl recharges all bsses from the New Sto¢kwwd Soaal Club Limited and this amount is shown in the financial staternents as rent payable of £1.03312023'. fent payable of £9.4471. At the year*nd an amount of£3,13612023.' £5,572) was owa by New StLKkwoc¥J Soual Club Limited and included In Debtors in note 10_ 10