Ringwood and District Community Association
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 August 2024
Charity registration number: 301929
Ringwood and District Community Association Reference and Administrative information For the year ended 31 August 2024
1. Trustees
The following individuals acted as Trustees during the financial year ended 31 August 2024 and to the date of signing this report:
Mary Baldwin Resigned 14 April 2025 Josephine Barratt Resigned 10 March 2025 Rowan B Brockhurst Alastair Duncan Gillian M E Habbin Deceased 26 October 2024 Michael J S Osborne Ann Pedersen Julian Titt Philip J West David P Meany David J Shering Stephanie Alden Appointed 08 September 2024 Mary DeBoos Appointed 13 April 2025 John Crichton Appointed 14 May 2024
2. Registered Office and Principal Office location
Greyfriars Community Centre 44 Christchurch Road Ringwood Hampshire BH24 1DW
3. Registration number
Charity registration number: 301929
4. Independent Examiner
Douglas Forsyth BSc FCA Charted Accountant Roydon Cottage Sandy Down Boldre Lymington SO41 8PL
5. Bankers
Lloyds Banking Group PLC PO Box 1000 Andover BX1 1LT
1
Ringwood and District Community Association Trustees Report For the year ended 31 August 2024
The Trustees present their report with the financial statements of Ringwood and District Community Association ("the Charity" or "the Association") for the year ended 31 August 2024. The accounts have been prepared in accordance with the accounting policies set out on page 8 and comply with the Charity’s Constitution and applicable law.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Constitution provides that the primary object of the Association is to promote the benefit of the inhabitants of Ringwood and the neighbourhood, particularly by bringing together the inhabitants, and the local authorities, and voluntary and other organisations, to provide facilities for education, recreation and leisure-time occupation.
To this end the Association has established, and maintains and manages a Community Centre. The Association is non-party in politics and non-sectarian in religion.
The Association was formed in February 1958 and was given the opportunity to purchase the property known as Greyfriars at a significant undervalue in 1959 on the condition that it should be used for the benefit of the residents of Ringwood as a Community Centre. The Association was registered with the Charity Commission on 6 September 1962. A revised Constitution was adopted on 22 March 2000.
Membership of the Association is open to individuals, to other voluntary bodies supporting the objects of the Association (Affiliated Groups), and to the statutory local authorities. With the approval of Council, individuals with common interests may form internal groups (Clubs). All members have one vote in the election of the elected members of Council at the Annual General Meeting. Council comprises the Honorary Officers, up to 12 elected members and one representative appointed by each club, affiliated group and statutory authority. The Council thus elected and appointed may co-opt further members, but co-opted members may not comprise more than a quarter of Council.
Under the Charities Act, the members of Council are the Charity 'Trustees'. Council is responsible for the Association's policies, and is the legal body able to enter into contracts on the Association's behalf. It meets at least three times a year. Management of the Association's day-to-day affairs is delegated to the Association's Executive Committee and that Committee's sub-committee whose recommendations are ratified by the Executive Committee, and day-to-day management of the community centre and its affairs to two salaried managers, who cannot be members of Council or of its committees, but may attend meetings of both.
Public benefit
The Association's reason for existence, as enshrined in its original objects, is for the benefit of the inhabitants of Ringwood and the neighbourhood. In all the Association's activities, therefore, the Trustees have been able to pay due regard to the Charity Commission guidance on public benefit.
FINANCIAL REVIEW
Financial review, achievement and performance
The Trustees have broadly adopted the Charity Commission's Statement of Recommended Practice on the reporting of Charity finances. They hope that their formal Report and Accounts will prove transparent and helpful, enabling the many members and supporters of the Association to understand the service provided to the people of Ringwood and how it is financed.
2
Ringwood and District Community Association Trustees Report (continued) For the year ended 31 August 2024
FINANCIAL REVIEW (continued)
Reserves policy
The freehold property owned by the Trust is included in the financial statements as a fixed asset. The Association aims to hold adequate reserves to cover significant building maintenance requirements, which could, in view of the age and listed status of the property, be significant. The Trustees keep the upkeep of the building under constant review and take professional advice where appropriate. It is also desirable to have adequate amounts put aside to cover costs in any period of major interruption to the Association's activities. Reserves represent any accumulated surpluses or deficits on the day to day operations of the Association. The Trustees seek at least to match income from hire fees and fundraising, including member's subscriptions, to expected costs, to cover short term requirements.
The amounts held within the restricted fund consist of amounts raised and donated specifically for the provision of disabled-access minibuses for the general use of the community.
Unrestricted funds
Unrestricted funds are those funds available to meet an expenditure within the Association's charitable objects.
The Association's income in the year ended 31 August 2024 was £265,521 (£264,803 previous year). Income from charitable activities has increased by £19,356 - 11% increase from the previous year. This increase is reflective of increased Room and Kitchen Hire Rates and higher occupancy of the various halls and rooms in the centre. Annual Income is now £164,326 (previous Year £153,643). It should also be noted that increased usage of the Minibuses has seen income from this source increase by circa £9k year on year to £28,922.
We remain extremely grateful to the Staff and Volunteers who continue to generate income from a variety of fundraising events and a total of £53,832 was raised (£55,784 previous Year). The Bookshop income continues to increase and this year has generated £10,509 of the Fundraising total. (£8,939 in previous year).
Total Expenditure for the year was £239,415 (£242,888 previous year). This slight reduction in expenditure has been achieved by good cost management by The Centre Management Team and this is demonstrated by the total cost of Light, Heat & Water reducing by circa £9k from the previous year. Repairs and Renewals have reduced from the previous year and where appropriate have been funded by generous contributions from the ‘Friends of Greyfriars’ so mitigating the effect on the Centre Expenditure and Cash resources.
The Net Surplus for the year of £26,106 has resulted in an increase to the Association's Unrestricted Funds. The Surplus has resulted in the Reserves of the Association being maintained at a sustainable level to provide comfort, should there be any unplanned Expenditure required on the buildings. The Economic situation remaining largely unchanged into the current Financial Year, the Trustees continue to budget prudently to minimise the Impact of unexpected geo political events that can affect centre expenditure. The Association continues to maintain a satisfactory Cash position but is mindful that the Trading position continues to operate in a Surplus position in the current year.
Restricted funds
Restricted funds have been raised for particular stated purposes and can only be used for those purposes.
In the financial year there was significant income from Donations and Legacies totalling £51,602. From this amount, expenditure on restricted activities and Repairs and Renewals totalled £21,797.
3
Ringwood and District Community Association Trustees Report (continued) For the year ended 31 August 2024
FINANCIAL REVIEW (continued)
Fixed assets
The Fixed Assets of the Association consist mainly of the Trust Freehold Property. This was last professionally valued at 31 August 2010. The Trustees consider that there will have been no significant variation in the past twelve months, given that the property has a very specialised function, and no amendment is proposed.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its constitution.
Risk management
The Trustees have considered the risks faced by the Association which include not only operational risks such as fire and accident, but risks arising from ever-changing legislation and an increasingly litigious society. A detailed assessment of the fire risk covering the whole premises is reviewed annually. There is a comprehensive Health and Safety policy, which is reviewed on a regular basis. It is expected that all users of the centre keep themselves familiarised with this.
The Trustees have also considered the impact of laws on child and vulnerable adult protection, equal opportunities and disability access. The ongoing purpose of the building is constantly under review. They believe that they have identified the major risks which the Association faces. Business and operational risks are as far as practicable covered by commercial insurances. Strategic risks are thought potentially to arise from legislative changes and financial challenges at either local or national level, and these are monitored to the extent that the Trustees are able.
The Community Centre continued to be managed by Centre Manager Claire Alexander with help from Assistant Manager Samantha Davies. They continue to run the office and the caretakers with great dedication and enthusiasm. As always, the Community Centre was available for local groups and individuals and provided a meeting point at the heart of the Ringwood community.
The Special Events Committee has once again produced a major and essential contribution to the Association's funds. The minibuses continue to be well used, bringing elderly and disabled local inhabitants to Ringwood for their weekly shopping, social functions and outings, and generally enabling them to maintain wider horizons.
Greyfriars could not operate without the practical help and goodwill of the many volunteers who support the Association in so many ways, and gratitude is due to them from the Trustees and from the wider community that Greyfriars serves.
Approved by order of the board of Trustees on 18 June 2025 and signed on their behalf by:
Trustee name: David Meany Position: Trustee
4
Ringwood and District Community Association Independent Examiner's Report For the year ended 31 August 2024
Independent Examiner's Report to the Trustees of Ringwood and District Community Association
I report to the Trustees on my examination of the accounts of Ringwood and District Community Association ("the Charity") registered number 301929 for the year ended 31 August 2024, which are set out on pages 6 to 15.
Responsibilities and basis of report
As the Charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act. In carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Charity's gross income for the year under review exceeded £250,000 the independent examiner must be a current member of a listed professional body. I can confirm that I am qualified to undertake the independent examination because I am a current member of the Institute of Chartered Accountants in England and Wales.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
2) the accounts did not accord with those records; or
-
3) the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
D Forsyth
Douglas Forsyth BSc FCA Chartered Accountant
Roydon Cottage Sandy Down Boldre Lymington SO41 8PL
Date: 23 June 2025
5
Ringwood and District Community Association Statement of Financial Activities For the year ended 31 August 2024
| Notes 2024 Unrestricted £ INCOMING RESOURCES a) Donations and legacies 2 a 12,885 b) Income from charitable activities 2 b 193,787 c) Income from fundraising 2 c 53,832 d) Investment income 2 d 2,650 e) Other income 2 e 2,367 Total incoming resources 265,521 RESOURCES EXPENDED ON CHARITABLE ACTIVITIES a) Raising funds 3 a 10,878 b) Charitable activities 3 b 224,977 c) Professional fees 3 c 3,560 Total resources expended 239,415 26,106 TRANSFERS Gross transfers between funds - in 8 31,862 Gross transfers between funds - out 8 - 57,968 NET MOVEMENT IN FUNDS 57,968 RECONCILIATION OF FUNDS Total funds brought forward 1 September 2023 1,283,597 Total funds carried forward 31 August 2024 1,341,565 Net incoming/ (outgoing) resources before other recognised gains/ Net incoming/ (outgoing) resources before |
2024 Restricted £ 51,602 - - 1,275 - 52,877 6,244 15,553 - 21,797 31,080 - (31,862) (782) (782) 191,458 190,676 |
2024 Total £ 64,487 193,787 53,832 3,925 2,367 318,398 17,122 240,530 3,560 261,212 57,186 31,862 (31,862) 57,186 57,186 1,475,055 1,532,241 |
2023 Total £ 81,411 174,431 55,784 3,269 - |
|---|---|---|---|
| 314,895 | |||
| 10,685 248,268 3,102 |
|||
| a) Raising funds 3 a b) Charitable activities 3 b c) Professional fees 3 c Total resources expended TRANSFERS Gross transfers between funds - in 8 Gross transfers between funds - out 8 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward 1 September 2023 Total funds carried forward 31 August 2024 Net incoming/ (outgoing) resources before other recognised gains/ Net incoming/ (outgoing) resources before |
|||
| 262,055 | |||
| 52,840 - - |
|||
| 52,840 | |||
| 52,840 1,422,215 |
|||
| 1,475,055 |
The notes on pages 8 to 15 form an integral part of these accounts.
6
Charity registration number: 301929
Ringwood and District Community Association Balance Sheet As at 31 August 2024
| Notes Tangible fixed assets 4 CURRENT ASSETS Debtors 5 Cash at bank and in hand 6 CURRENT LIABILITIES Creditors falling due within one year 7 Net current assets NET ASSETS CHARITABLE FUNDS Unrestricted Funds 8 Restricted Funds 8 FIXED ASSETS |
Unrestricted funds 2024 £ 1,147,237 25,768 173,523 199,291 (4,963) 194,328 1,341,565 1,341,565 - 1,341,565 |
Restricted funds 2024 £ 146,533 - 44,143 44,143 - 44,143 190,676 - 190,676 190,676 |
TOTAL FUNDS 2024 £ 1,293,770 25,768 217,666 243,434 (4,963) 238,471 1,532,241 1,341,565 190,676 1,532,241 |
TOTAL FUNDS 2023 £ 1,247,650 |
|---|---|---|---|---|
| 17,370 232,675 |
||||
| 250,045 (22,640) |
||||
| 227,405 | ||||
| 1,475,055 | ||||
| 1,283,597 191,458 |
||||
| 1,475,055 |
The financial statements were approved by the Board of Trustees and authorised for issue on 18 June 2025 and were signed on its behalf by:
Trustee name: David Meany Position: Trustee
The notes on pages 8 to 15 form an integral part of these accounts.
7
Ringwood and District Community Association Notes to the Accounts For the year ended 31 August 2024
1. ACCOUNTING POLICIES
a) Accounting Conventions and basis of preparation
The financial statements of the Charity, which is a public benefit entity under FRS 102, have been prepared in accordance with "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"), and the Charities Act 2011.
The accounts have been prepared on an accruals basis under the historical cost convention. The presentation currency is Pound Sterling (£).
The Charity has taken advantage of the FRS 102 exemption from preparing a cash flow for charities which are not large.
b) Incoming Resources
All income is recognised in the Statement of Financial Activities once the Charity has entitlement to that income, it is probable that the income will be received, and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations and legacies are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully satisfied, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that those conditions will be fulfilled in the reporting period.
Grants
Grants are recognised when the Charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met the income is recognised as deferred income.
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such income is only deferred when either the donor has specified that the grant or donation must only be used for future accounting periods, or when the donor has imposed conditions which must be met before the Charity has unconditional entitlement.
Charitable activities
Income from charitable activities is for the provision of facilities for education, recreation and leisure-time occupation.
Investment income
Investment income represents income from bank interest and current asset investments.
c) Resources Expended on charitable activities
Resources expended are included in the Statement of Financial Activities on an accruals basis inclusive of any VAT. Expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to the category. Where costs cannot be directly attributed to a particular heading they have been allocated on a basis consistent with the use of resources.
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes the costs that can be allocated directly to such activities and costs of an indirect nature necessary to support them.
d) Support costs
As a small charity, the Charity has not reported its income and expenditure on an activity basis, instead it has adopted an approach based on the nature of income received and expenditure incurred. All support type costs (e.g. office, administration and governance) are separately disclosed by category, and were all incurred directly in connection with activitiesof the Charity, however an apportionment of those support costs between different activities is not practical.
8
Ringwood and District Community Association Notes to the Accounts (continued) For the year ended 31 August 2024
e) Tangible fixed assets
Freehold land and buildings
The Freehold land and buildings belonging to the Charity consist of the Greyfriars building and community centre. The Property was last professionally valued at 31 August 2010. On first time adoption of FRS 102 the 2010 valuation therefore became the deemed historical cost of the Property, rather than adopt a policy of carrying the land and buildings at fair value.
Depreciation
Depreciation is provided on tangible fixed assets other than land to write off the cost, less any estimated residual value, over their expected useful economic lives as follows:
Plant and machinery: 15 percent on a reducing balance; Fixtures and fittings: 25 percent on a reducing balance; Motor vehicles: 15 percent on a reducing balance; and Buildings: No accumulated depreciation has been charged to date, as the Property is assessed by the Trustees as having a long remaining useful economic life of well over 50 years, is in good order, and so it is estimated that its residual value for depreciation purposes is higher than when it was last professionally valued. As such any depreciation charge would be immaterial to the financial statements, and therefore a policy of nondepreciation has been adopted.
f) Current asset investments
Current asset investments are included at the lower of cost and net realisable value/ market value.
g) Trade debtors
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are written off when identified. Specific provisions are made against debts whose recovery is considered doubtful.
h) Accruals and provisions
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated.
i) Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term investments that are readily convertible into a known amount of cash and are subject to an insignificant risk of change in value.
j) Fund structure
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees in furtherance of the objects of the Charity.
Restricted funds can only be used for a particular restricted purpose within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a specific restricted purpose.
k) Taxation
The Charity is exempt from tax on its charitable activities.
l) Pension costs and post-retirement benefits
The Charity operates a defined contribution pension scheme, provided by the National Employers Savings Trust ("NEST"). Contributions payable to the Charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
9
Ringwood and District Community Association Notes to the Accounts (continued) For the year ended 31 August 2024
| 2. INCOMING RESOURCES a) Donations and legacies Donations and Gifts Grants - other Grants - minibuses Sub-total for 2024 Sub-total for 2023 b) Income from charitable activities Room hire Kitchen hire Minibus hire Minibus fuel rebate Minibus mileage charge Sub-total for 2024 Sub-total for 2023 c) Income from fundraising Membership subscriptions Gift aid reclaimable Affiliation fees Special activities (including ice-cream sales) Greyfriars study groups Books Canteen receipts Photocopying Miscellaneous (including carpark stickers) Sub-total for 2024 Sub-total for 2023 d) Investment income Interest receivable Sub-total for 2024 Sub-total for 2023 e) Other income Insurance claims Sub-total for 2024 Sub-total for 2023 Total incoming resources 2024 Total incoming resources 2023 |
2024 Unrestricted £ 12,885 - - 12,885 32,832 157,601 6,725 28,922 539 - 193,787 174,431 8,743 868 1,725 14,968 7,257 10,509 5,339 848 3,575 53,832 55,784 2,650 2,650 1,756 2,367 2,367 - 265,521 264,803 |
2024 Restricted £ 31,011 19,165 1,426 51,602 48,579 - - - - - - - - - - - - - - - - - - 1,275 1,275 1,513 - - - 52,877 50,092 |
2024 Total £ 43,896 19,165 1,426 64,487 157,601 6,725 28,922 539 - 193,787 8,743 868 1,725 14,968 7,257 10,509 5,339 848 3,575 53,832 3,925 3,925 2,367 2,367 318,398 |
2023 Total £ 55,860 24,551 1,000 |
|---|---|---|---|---|
| 81,411 | ||||
| 81,411 | ||||
| 148,536 5,107 19,534 1,154 100 |
||||
| 174,431 | ||||
| 174,431 | ||||
| 10,882 881 1,175 11,126 11,763 8,939 5,721 357 4,940 |
||||
| 55,784 | ||||
| 55,784 | ||||
| 3,269 | ||||
| 3,269 | ||||
| 3,269 | ||||
| - | ||||
| - | ||||
| - | ||||
| 314,895 | ||||
| 314,895 |
10
Ringwood and District Community Association Notes to the Accounts (continued) For the year ended 31 August 2024
| 3. RESOURCES EXPENDED a) Raising funds Special events Canteen Advertising Website development Sub-total for 2024 Sub-total for 2023 b) Charitable activities Gross wages Social security Employer Pension contributions Light, heat, water Telephone Insurance Caretaking and cleaning Repairs and renewals - major scheduled Repairs and renewals - minor Repairs and renewals - maintenance contracts Window cleaning Garden expenses Tree management/ replacement Licence and PRS Printing, postage, stationery Photocopying Computing and IT costs Membership expenses Library/ bookshop costs Miscellaneous Minibus running expenses Office expenses Bank fees and card charges Depreciation - Plant and machinery Depreciation - Fixtures and fittings Depreciation - Motor vehicles Sub-total for 2024 Sub-total for 2023 c) Professional fees Professional fees - accountancy & bookkeeping Independent examination fees Sub-total for 2024 Sub-total for 2023 2024 total resources expended 2023 total resources expended |
2024 Unrestricted £ 9,503 597 778 - 10,878 10,685 122,710 2,011 3,388 35,711 2,758 7,830 8,012 (4,097) 888 4,958 1,295 489 3,470 590 25 137 1,472 162 769 127 9,596 3,011 908 2,056 11,911 4,790 224,977 229,101 2,760 800 3,560 3,102 239,415 242,888 |
2024 Restricted £ - - - 6,244 6,244 - - - - - - - - 12,030 - - - - 40 - - - - - - - 1,426 - - 408 - 1,649 15,553 19,167 - - - - 21,797 19,167 |
2024 Total £ 9,503 597 778 6,244 17,122 122,710 2,011 3,388 35,711 2,758 7,830 8,012 7,933 888 4,958 1,295 489 3,510 590 25 137 1,472 162 769 127 11,022 3,011 908 2,464 11,911 6,439 240,530 2,760 800 3,560 261,212 |
2023 Total £ 9,033 1,216 436 - |
|---|---|---|---|---|
| 10,685 | ||||
| 10,685 | ||||
| 115,950 1,578 3,120 44,202 1,675 7,215 5,530 29,998 1,233 3,410 1,135 482 - 859 15 1,305 2,709 - 1,096 194 12,867 407 1,358 1,703 2,652 7,575 |
||||
| 248,268 | ||||
| 248,268 | ||||
| - 3,102 |
||||
| 3,102 | ||||
| 3,102 | ||||
| 262,055 | ||||
| 262,055 |
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Ringwood and District Community Association Notes to the Accounts (continued) For the year ended 31 August 2024
4. TANGIBLE FIXED ASSETS
| Freehold property £ Cost b/f 1 September 2023 1,163,792 Additions - c/f 31 August 2024 1,163,792 Depreciation b/f 1 September 2023 - Charge for the year - c/f 31 August 2024 - Net book Value As at 31 August 2024 1,163,792 At 31 August 2023 1,163,792 5. DEBTORS: AMOUNTS DUE WITHIN ONE YEAR Trade debtors Other debtors (tax recoverable) Prepayments Accrued income 6. CASH AND CASH EQUIVALENTS Cash in hand Cash at bank 7. CREDITORS: FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Pension Other creditors Deferred expenditure Accrued expenses |
Plant and machinery £ 91,907 16,660 108,567 81,144 2,464 83,608 24,959 10,763 2024 Unrestricted £ 23,819 924 1,025 - 25,768 2024 Unrestricted £ 378 173,145 173,523 2024 Unrestricted £ 1,176 - - 987 - 2,800 4,963 |
Fixtures and fittings £ 32,824 50,273 83,097 2,652 11,911 14,563 68,534 30,172 2024 Restricted £ - - - - - 2024 Restricted £ - 44,143 44,143 2024 Restricted £ - - - - - - - |
Motor vehicles £ 133,912 - 133,912 90,989 6,438 97,427 36,485 42,923 2024 Total £ 23,819 924 1,025 - 25,768 2024 Total £ 378 217,288 217,666 2024 Total £ 1,176 - - 987 - 2,800 4,963 |
TOTAL £ 1,422,435 66,933 |
|---|---|---|---|---|
| 1,489,368 | ||||
| 174,785 20,813 |
||||
| 195,598 | ||||
| 1,293,770 | ||||
| 1,247,650 | ||||
| 2023 Total £ 15,116 259 1,062 933 |
||||
| 17,370 | ||||
| 2023 Total £ - 232,675 |
||||
| 232,675 | ||||
| 2023 Total £ 925 1,130 555 632 17,000 2,398 |
||||
| 22,640 |
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Ringwood and District Community Association Notes to the Accounts (continued) For the year ended 31 August 2024
8. MOVEMENT IN FUNDS
| a) Unrestricted funds General Fund Sub-total 2024 b) Restricted funds Fixed Asset Funds: Buildings Website Plant & Machinery Minibuses Cash Reserve Funds: Minibuses Sub-total 2024 Total funds 2024 |
Balance b/f 1 Sept 2023 £ 1,283,597 1,283,597 134,882 - 2,717 10,991 42,868 191,458 1,475,055 |
Incoming resources £ 265,521 265,521 43,932 6,244 - - 2,701 52,877 318,398 |
Resources expended £ (239,415) (239,415) (12,070) (6,244) (408) (1,649) (1,426) (21,797) (261,212) |
Fund transfers IN £ 31,862 31,862 - - - - - - 31,862 |
Fund transfers (OUT) £ - - (31,862) - - - - (31,862) (31,862) |
Balance c/f 31 August 2024 £ 1,341,565 |
|---|---|---|---|---|---|---|
| 1,341,565 | ||||||
| 134,882 - 2,309 9,342 44,143 |
||||||
| 190,676 | ||||||
| 1,532,241 |
| COMPARATIVES FOR MOVEMENT IN FUNDS PRIOR YEAR Balance b/f 1 Sept 2022 Incoming resources £ £ Unrestricted funds a) General Fund 1,229,851 264,803 Sub-total 2023 1,229,851 264,803 Restricted funds Fixed Asset Funds: Buildings 134,882 47,579 Plant & Machinery 3,197 Minibuses 12,931 Cash Reserve Funds: Minibuses 41,354 2,513 Sub-total 2023 192,364 50,092 Total funds 2023 1,422,215 314,895 |
Outgoing resources £ (242,888) (242,888) (15,748) (480) (1,940) (999) (19,167) (262,055) |
Fund transfers IN £ 31,831 31,831 - 31,831 |
Fund transfers (OUT) £ - (31,831) (31,831) (31,831) |
Balance c/f 31 August 2023 £ 1,283,597 |
|---|---|---|---|---|
| 1,283,597 | ||||
| 134,882 2,717 10,991 42,868 |
||||
| 191,458 | ||||
| 1,475,055 |
13
Ringwood and District Community Association Notes to the Accounts (continued) For the year ended 31 August 2024
9. DESCRIPTION OF FUNDS
a) Unrestricted funds: Funds which are not restricted or designated for any particular purpose other than for the furtherance of the Charity's objects.
b) Restricted funds: Restricted funds are those which have been raised for particular stated purposes and can only be used for those purposes. These are split between restricted funds which are held as fixed assets at the year end, and restricted funds held in cash reserves, which are available to be spent on that restricted purpose in the future.
10. TRANSFERS BETWEEN FUNDS
£31,862 of restricted donations received during the year were spent on major scheduled renovations to the Charity's buildings, which have been capitalised as fixed assets during the year. Given the fixed assets that were capitalised were not restricted in their purpose or nature, a corresponding transfer of £31,862 was made from the restricted fund to the unrestricted fund, in accordance with the charity FRS102.
11. STAFF COSTS
| 11. STAFF COSTS | |
|---|---|
| 2024 The average monthly number of employees during the year (rounded to nearest whole) was: Charitable staff 11 No employee received a salary in excess of £60,000 during the year (2023: none). |
2023 9 |
During 2024 the Charity paid total pension contributions of £3,379 (2023: £3,120) for employees to the pension fund, which is a defined contribution scheme administered by the National Employment Savings Trusts (NEST). As at 31 August 2024 the Charity was holding £nil in respect of intended pension contributions on behalf of employees (2023: nil).
12. TRUSTEE REMUNERATION, EXPENSES AND OTHER BENEFITS
During the year no remuneration or other benefits were paid to any Trustees of the Charity (2023: none).
During the year £776 of property repair expenses were reimbursed to one Trustee, Mr A Duncan. These charitable expenses were incurred in the normal performance of trustee duties (2023: no charitable expenses were reimbursed to any Trustees).
Key Management Personnel compensation in total for the year was £46,253 (2023: £40,454).
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Ringwood and District Community Association Notes to the Accounts (continued) For the year ended 31 August 2024
13. RELATED PARTY DISCLOSURES
a) Related party transactions
The Charity received donations totalling £22,150 (2023: £27,407) during the year from The Friends of Greyfriars, charity registration number 1040112, a charity set up in 1994 to receive donations and legacies in order to give financial assistance with the operation of Ringwood and District Community Association as and when required.
Within room hire income, the Charity received room hire income totalling £559 from Quantuma, a company of which David Meany (a Trustee of the Charity) is a director of (2023: £195 rent received from Quantuma). The rooms concerned were hired out on normal market rates and terms, and no amounts were outstanding at the year end (2023:nil).
There were no other related party transactions for the year ended 31 August 2024 which require disclosure.
b) Related trusteeships
During the year, the following four Trustees of the Charity were also trustees of the related charity, The Friends of Greyfriars:
Rowan Brockhurst, Ann Pedersen, Michael Osborne, Philip West
There were no related party transactions between the above Trustees and the related trusteeships.
14. POST BALANCE SHEET EVENTS
No post balance sheet events have been identified by the Trustees in the period from 1 September 2024 up to the date these accounts were approved.
15. GOING CONCERN REVIEW
The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast any significant doubts on the ability of the Charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of approval of the accounts. The Trustees have concluded the Charity has adequate resources to continue in operational existence for the foreseeable future, and therefore continues to adopt the going concern basis in preparing its accounts.
16. AGENCY FUNDS
The following amounts were received for the charities mentioned below and have been excluded from the income and expenditure of the Charity and treated as agency funds:
| Recipient Ringwood & District Old Peoples Welfare Association |
Balance b/f 1 Sept 2023 £ - - |
Incoming funds £ 5,229 5,229 |
Outgoing funds £ (5,012) (5,012) |
Balance c/f 31 August 2024 £ 217 |
|---|---|---|---|---|
| 217 |
There were £217 of agency funds held as at 31 August 2024 (2023: nil) which were paid to the charity concerned on 19 September 2024.
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