**Charity number: 302349** ## **CHELLS COMMUNITY ASSOCIATION** ## **UNAUDITED** **COUNCIL REPRESENTATIVES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2024** ## **CHELLS COMMUNITY ASSOCIATION** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the charity, its Council Representatives and**|1| |**advisers**|| |**Council Representatives' report**|2 - 4| |**Independent examiner's report**|5 - 6| |**Statement of financial activities**|7| |**Balance sheet**|8| |**Notes to the financial statements**|9 - 21| ## **CHELLS COMMUNITY ASSOCIATION** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS COUNCIL REPRESENTATIVES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024** |**Council Representatives**|Martin Impey, President| |---|---| ||Helen Priest, Chair| ||Philippa Groves, Secretary| ||Emma Downes, Treasurer| ||Owen Rees, Committee Member| ||Paul Marshall, Committee Member| ||Rebecca Harris, Committee Member| ||Emily Harris, Committee Member| ||Tony Allum, Committee Member| |**Charity registered**
**number**
302349
**Principal office**
Chells Community Centre
Mobbsbury Way
Stevenage
Hertfordshire
SG2 0HT
**Secretary**
Philippa Groves
**Chairperson**
Helen Priest
**Accountants**
Accounting & Business Development Limited
Chartered Certified Accountants
Unit 6 Cooksoe Farm
Chicheley
Newport Pagnell
Buckinghamshire
MK16 9JP
**Bankers**
Co-Operative Bank
Delf House
Southway
Skelmersdale
WN8 6WT|| Page 1 ## **CHELLS COMMUNITY ASSOCIATION** ## **COUNCIL REPRESENTATIVES' REPORT FOR THE YEAR ENDED 31 MARCH 2024** The Council Representatives present their annual report together with the financial statements of the Chells Community Association for the 1 April 2023 to 31 March 2024. ## **Objectives and activities** ## **a. Policies and objectives** Under the Charities (Accounts and Reports) Regulations 2008, trustees' reports are required to contain a statement by the charity trustees as to whether they have complied with the duty in section 4 of the 2006 Act tohave due regard to guidance published by the Commission. In setting objectives and planning for activities, the Council Representatives have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b. Activities undertaken to achieve objectives** The Association derives funds from the following sources to meet its objectives. Childrens Centre, coffee bar, donations, Early Years funding, fruit machine income, general fund raising, grants, lottery income, lunch club, membership subscriptions, playgroup pre school fees, playgroup rent and administration, Pre-School funding and a quiz machine. ## **c. Main activities undertaken to further the charity's purposes for the public benefit** The charity runs a community centre, with a number of sections, serving the local community. The Family Centre has been attached to it since 2008, holding groups in the main hall. There is also a pre-school which provides spaces for two year old funded children. Additionally the charity provides a daily lunch club for the elderly and disadvantaged, with disabled toilet access. A coffee bar, where people can come in for something to eat and a chat, also benefits the local community. Aside from the charity run schemes, rooms are also hired to local groups for dancing, slimming world, yoga, an art group, widows and 'Knit and Knatter', as well as functions and meetings. The trustees have had regard to the Charity Commissions Guidance on Public Benefit. ## **Achievements and performance** ## **a. Main achievements of the charity** The community centre benefits the community because it is a safe place to go for the elderly, where they can meet and chat with friendly people, have a hot meal and not be home alone. The pre-school benefits the community with its two year old funding. ## **b. Key performance indicators** The success of the charity in performing it's objectives can be measured by the continued attendance at the schemes that it runs. Page 2 **CHELLS COMMUNITY ASSOCIATION** ## **COUNCIL REPRESENTATIVES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024** ## **Achievements and performance (continued)** ## **c. Investment policy and performance** The Association lets a bar and service area to a company limited by guarantee named Timebridge Social Club Limited who's shares of 977 were issued to members of the Chells community. The company was registered under the Industrial and Provident Societies Acts 1965 and the Friendly and Industrial Provident Society Act 1968. It's registration act is now the Co-operative and Community Benefit Societies Act 2014, which consolidated previous industrial and provident society legislation. The annual rental charged in the year ended 31st March 2024 was £36,000 (31st March 2023 - £38,500). The Association also derives income from room letting which in the year to 31st March 2024 produced £26,561 (31st March 2023 - £25,272). ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Council Representatives have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** The policy is to hold current unrestricted funds until their use in the Association objectives. At the 31st March 2024 there was a surplus carried forward of £90,961 (31st March 2023 - £60,963). At the 31st March 2024 the Association retained £5,451 of restricted funds with regard to the playgroup (31st March 2023 - £nil). In addition it also held general restricted funds of £nil (31st March 2023 - £nil). ## **Structure, governance and management** ## **a. Constitution** Chells Community Association is a registered charity, number 302349, and is constituted under a Trust deed. ## **b. Methods of appointment or election of Council Representatives** The management of the charity is the responsibility of the Council Representatives who are elected and coopted under the terms of the Trust deed . Page 3 ## **CHELLS COMMUNITY ASSOCIATION** ## **COUNCIL REPRESENTATIVES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024** ## **Statement of Council Representatives' responsibilities** The Council Representatives are responsible for preparing the Council Representatives' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Council Representatives to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Council Representatives are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Council Representatives are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 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 members of the board of Council Representatives and signed on their behalf by: **Helen Priest** Chair Date: 21 January 2025 **Philippa Groves** Secretary Page 4 ## **CHELLS COMMUNITY ASSOCIATION** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024** ## **Independent examiner's report to the Council Representatives of Chells Community Association ('the charity')** I report to the charity Council Representatives on my examination of the accounts of the charity for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the Council Representatives of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Page 5 ## **CHELLS COMMUNITY ASSOCIATION** ## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024** ## **Independent examiner's statement** Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no 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 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do 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. This report is made solely to the charity's Council Representatives, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Council Representatives those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Council Representatives, as a body, for my work or for this report. Signed: Dated: 22 January 2025 Elliot James Smith FCCA Unit 6, Cooksoe Farm, Chicheley, Newport Pagnell. MK16 9JP Page 6 ## **CHELLS COMMUNITY ASSOCIATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024** |**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
7
**Total income**
**Expenditure on:**
Raising funds
8
Charitable activities
9
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
**1,312**
**108,254**
**7,348**
**40,425**
**5,000**
**162,339**
**6,641**
**131,421**
**138,062**
**24,277**
**60,963**
**24,277**
**85,240**|**Restricted**
**funds**
**2024**
**£**
**134,928**
**-**
**-**
**-**
**-**
**134,928**
**-**
**129,477**
**129,477**
**5,451**
**-**
**5,451**
**5,451**|**Total**
**funds**
**2024**
**£**
**136,240**
**108,254**
**7,348**
**40,425**
**5,000**
**297,267**
**6,641**
**260,898**
**267,539**
**29,728**
**60,963**
**29,728**
**90,691**|_Total_
_funds_
_2023_
_£_
_103,155_
_108,489_
_8,432_
_36,915_
_-_| |---|---|---|---|---| |||||_256,991_| |||||_6,762_
_239,715_| |||||_246,477_| |||||_10,514_| |||||_50,449_
_10,514_| |||||_60,963_| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 9 to 21 form part of these financial statements. Page 7 ## **CHELLS COMMUNITY ASSOCIATION** ## **BALANCE SHEET AS AT 31 MARCH 2024** |**Note**
**Fixed assets**
Tangible assets
14
**Current assets**
Stocks
15
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within one
year
17
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
19
Unrestricted funds
19
**Total funds**|**706**
**3,854**
**94,587**
**99,147**
**(8,771)**|**2024**
**£**
**315**
**315**
**90,376**
**90,691**
**90,691**
**90,691**
**5,451**
**85,240**
**90,691**|_897_
_6,286_
_62,980_
_70,163_
_(10,026)_|_2023_
_£_
_826_| |---|---|---|---|---| |||||_826_
_60,137_| |||||_60,963_| |||||_60,963_| |||||| |||||_60,963_| |||||_-_
_60,963_| |||||| |||||_60,963_| The financial statements were approved and authorised for issue by the Council Representatives on 21 January 2025 and signed on their behalf by: **Helen Priest** Chair **Philippa Groves** Secretary The notes on pages 9 to 21 form part of these financial statements. Page 8 ## **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **1. General information** The charity is unincoporated and is registered in England and Wales. It's address is Chells Community Centre, Mobbsbury Way, Stevenage, Hertfordshire, SG2 0HT. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Chells Community Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Income** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. ## **2.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Page 9 ## **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **2. Accounting policies (continued)** ## **2.3 Expenditure (continued)** Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## **2.4 Tangible fixed assets and depreciation** Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, . Depreciation is provided on the following bases: - Plant and machinery 20% straight line - Fixtures and fittings 20% straight line ## **2.5 Stocks** Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. ## **2.6 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.7 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 10 ## **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **2. Accounting policies (continued)** ## **2.8 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.9 Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.10 Pensions** The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. ## **2.11 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Council Representatives in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 11 ## **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **3. Income from donations and legacies** |Donations
Grants
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
1,312
-
1,312
_2,611_|**Restricted**
**funds**
**2024**
**£**
-
134,928
134,928
_100,544_|**Total**
**funds**
**2024**
**£**
**1,312**
**134,928**
**136,240**
_103,155_|_Total_
_funds_
_2023_
_£_
_1,611_
_101,544_| |---|---|---|---|---| |||||_103,155_| |||||| ## **4. Income from charitable activities** |Income from charitable activities - Core
Income from charitable activities - Playgroup
Income from charitable activities - Coffee Bar
**Total 2024**
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
74,347
26,211
7,696
108,254
_108,489_|**Total**
**funds**
**2024**
**£**
**74,347**
**26,211**
**7,696**
**108,254**
_108,489_|_Total_
_funds_
_2023_
_£_
_71,728_
_25,408_
_11,353_| |---|---|---|---| ||||_108,489_| ||||| Page 12 ## **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **5. Income from other trading activities** ## **Income from fundraising events** |Fundraising
_Total 2023_
**6.**
**Investment income**

Investment income - local investment properties
_Total 2023_
**7.**
**Other incoming resources**

Other incoming resources|**Unrestricted**
**funds**
**2024**
**£**
7,348
_8,432_
**Unrestricted**
**funds**
**2024**
**£**
40,425
_36,915_
**Unrestricted**
**funds**
**2024**
**£**
5,000|**Total**
**funds**
**2024**
**£**
**7,348**
_8,432_
**Total**
**funds**
**2024**
**£**
**40,425**
_36,915_
**Total**
**funds**
**2024**
**£**
**5,000**|_Total_
_funds_
_2023_
_£_
_8,432_| |---|---|---|---| ||||_Total_
_funds_
_2023_
_£_
_36,915_| ||||_Total_
_funds_
_2023_
_£_
_-_| Page 13 **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **8. Expenditure on raising funds** ## **Costs of raising voluntary income** |**Unrestricted**
**funds**
**2024**
**£**
Costs of raising voluntary income
6,641
_Total 2023_
_6,762_|**Total**
**funds**
**2024**
**£**
**6,641**
_6,762_|_Total_
_funds_
_2023_
_£_
_6,762_| |---|---|---| |||| ## **9. Analysis of expenditure on charitable activities** ## **Summary by fund type** |Core
Playgroup
Playgroup Restricted
Coffee Bar
Lunch Club
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
130,278
9
-
994
140
131,421
_139,030_|**Restricted**
**funds**
**2024**
**£**
30
-
129,447
-
-
129,477
_100,685_|**Total**
**2024**
**£**
**130,308**
**9**
**129,447**
**994**
**140**
**260,898**
_239,715_|_Total_
_2023_
_£_
_110,782_
_16,513_
_100,685_
_11,634_
_101_| |---|---|---|---|---| |||||_239,715_| |||||| Page 14 ## **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **10. Analysis of expenditure by activities** |**Activities**
**undertaken**
**directly**
**2024**
**£**
Core
130,308
Playgroup
9
Playgroup Restricted
129,447
Coffee Bar
994
Lunch Club
140
260,898
_Total 2023_
_239,715_
**11.**
**Independent examiner's remuneration**
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts
**12.**
**Staff costs**
Wages and salaries
Contribution to defined contribution pension schemes|**Total**
**funds**
**2024**
**£**
**130,308**
**9**
**129,447**
**994**
**140**
**260,898**
_239,715_
**2024**
**£**
**850**
**2024**
**£**
**164,057**
**1,602**
**165,659**|_Total_
_funds_
_2023_
_£_
_110,782_
_16,513_
_100,685_
_11,634_
_101_| |---|---|---| |||_239,715_| |||_2023_
_£_
_850_| |||_2023_
_£_
_161,730_
_1,388_| |||| |||_163,118_| Page 15 ## **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **12. Staff costs (continued)** The average number of persons employed by the charity during the year was as follows: |Cleaners
Lunch Club
Maintenance
Office
Playgroup
Wardens|**2024**
**No.**
**3**
**-**
**1**
**2**
**8**
**7**
**21**|_2023_
_No._
_2_
_4_
_1_
_3_
_8_
_7_| |---|---|---| |||| |||_25_| No employee received remuneration amounting to more than £60,000 in either year. ## **13. Council Representatives' remuneration and expenses** During the year, no Council Representatives received any remuneration or other benefits _(2023 - £NIL)_ . During the year ended 31 March 2024, no Council Representative expenses have been incurred _(2023 - £NIL)_ . Page 16 ## **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **14. Tangible fixed assets** |**Cost or valuation**
At 1 April 2023
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_|**Plant and**
**machinery**
**£**
**6,297**
**6,297**
**5,877**
**105**
**5,982**
**315**
_420_|**Fixtures and**
**fittings**
**£**
**16,690**
**16,690**
**16,284**
**406**
**16,690**
**-**
_406_|**Total**
**£**
**22,987**| |---|---|---|---| ||||**22,987**| ||||**22,161**
**511**| ||||**22,672**| ||||**315**| ||||_826_| ## **15. Stocks** |Raw materials and consumables
Finished goods and goods for resale|**2024**
**£**
**153**
**553**
**706**|_2023_
_£_
_204_
_693_| |---|---|---| |||| |||_897_| Page 17 ## **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **16. Debtors** |**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income|**2024**
**£**
**719**
**31**
**3,104**
**3,854**|_2023_
_£_
_3,409_
_31_
_2,846_| |---|---|---| |||| |||_6,286_| ## **17. Creditors: Amounts falling due within one year** |Trade creditors
Other taxation and social security
Pension fund deductions payable
Other creditors
Accruals and deferred income|**2024**
**£**
**3,456**
**2,863**
**303**
**1,299**
**850**
**8,771**|_2023_
_£_
_4,074_
_724_
_-_
_1,240_
_3,988_| |---|---|---| |||| |||_10,026_| ## **18. Financial instruments** ||**2024**|_2023_| |---|---|---| ||**£**|_£_| |**Financial assets**||| |Financial assets measured at fair value through income and expenditure|**94,587**|_62,980_| Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand. Page 18 **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **19. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**
**Statement of funds - prior year**
**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**|**Balance at 1**
**April 2023**
**£**
**60,963**
**-**
**60,963**
_Balance at_
_1 April 2022_
_£_
_50,308_
_141_
_50,449_|**Income**
**£**
**162,339**
**134,928**
**297,267**
_Income_
_£_
_156,447_
_100,544_
_256,991_|**Expenditure**
**£**
**(138,062)**
**(129,477)**
**(267,539)**
_Expenditure_
_£_
_(145,792)_
_(100,685)_
_(246,477)_|**Balance at**
**31 March**
**2024**
**£**
**85,240**| |---|---|---|---|---| |||||**5,451**| |||||**90,691**| |||||_Balance at_
_31 March_
_2023_
_£_
_60,963_| |||||_-_| |||||_60,963_| Page 19 ## **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **20. Summary of funds** **Summary of funds - current year** |||||**Balance at**| |---|---|---|---|---| ||**Balance at 1**|||**31 March**| ||**April 2023**|**Income**|**Expenditure**|**2024**| ||**£**|**£**|**£**|**£**| |General funds|**60,963**|**162,339**|**(138,062)**|**85,240**| |Restricted funds|**-**|**134,928**|**(129,477)**|**5,451**| ||**60,963**|**297,267**|**(267,539)**|**90,691**| |||||| |**Summary of funds - prior year**||||| |||||_Balance at_| ||_Balance at_|||_31 March_| ||_1 April 2022_|_Income_|_Expenditure_|_2023_| ||_£_|_£_|_£_|_£_| |General funds|_50,308_|_156,447_|_(145,792)_|_60,963_| |Restricted funds|_141_|_100,544_|_(100,685)_|_-_| ||_50,449_|_256,991_|_(246,477)_|_60,963_| |||||| |**Analysis of net assets between funds**||||| |**Analysis of net assets between funds - current period**||||| |||**Unrestricted**|**Restricted**
**Total**|| |||**funds**|**funds**
**funds**|| |||**2024**|**2024**
**2024**|| |||**£**|**£**
**£**|| |Tangible fixed assets||-|315
**315**|| |Current assets||93,957|5,190
**99,147**|| |Creditors due within one year||(8,717)|(54)
**(8,771)**|| |**Total**||85,240|5,451
**90,691**|| |||||| ## **21. Analysis of net assets between funds** Page 20 **CHELLS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **21. Analysis of net assets between funds (continued)** ## **Analysis of net assets between funds - prior period** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2023_
_£_
_826_
_70,163_
_(10,026)_
_60,964_|_Total_
_funds_
_2023_
_£_
_826_
_70,163_
_(10,026)_
_60,964_| |---|---|---| ## **22. Pension commitments** The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund, NEST. The pension cost charge represents contributions payable by the charity to the fund and amounted to £1,602 (2023 - £1,388). Contributions totalling £303 (2023 - £nil) were payable to the fund at the balance sheet date and are included in creditors. Page 21