Grange Fellowship Cofflmunity Association Roporl of Iho Trvsloes and Financial Slatenicnls For the year ended 31 March 2024
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION CONTENTS PAGE FOR THE YEAR ENDED 31 MARCH 2024 Page Charily inlormalion Trustees. p[l Report of indeperideni examiner Cf)nsolidaled slalemenl of financial acbvilies Consolidated and Gharity balance sheet Stalomont ol cash Ilows Notes to the finawal slalemenls 10-19
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Trustees and Governors ame of Trustee Olfice held D Fullard IAppointe(J 1 November 20221 T Wollranini G fvloaling J Alkin5 Chairman Vice Chairman Tr*asurer Se¢.felary Jmay H Gregory R Boon D Campbell T Kilchener S Allen G Elliott R Keeble C Smith Reglstered office Middlefiplds. Grange Eslale, Letchworth Garden City. Herts. SG6 4NG Governing document C(InslilulI adopted 19 April 2018 Charity number 302420 Bankers Lloy(Js Bank plc Banrrf)fl Branch. Hitchin. Hertfordshl. SGS 1JG Independent Examiner larliii VIll13M5. Unil 1b. Focvs Four. Fourth Avenue. Lelchworih SG6 2TU
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees submit their ani)ual ¥eport and the financial slatemenls lor the year ended 31 March 2024. Thè Iruslees coi)Iirrii Ihal the Aniiual Reptsrt Ènd finaiicial slalenienls gf Ihe Assooaliol) coniyly willi Ilie curronl slalulory iequircmcnls, Ihts Association's governi1i9 docuft)ent and the provisions of thc Sl<ilen)ent of Recommend&d Practice ISORPI, applicable lo charities preparing their accoiJnl% In arLordance with Ihe Fiiidncial Reporting Sldndard applicable iii the UK and RepuLilic of ITeland IFRS 1021. The IiiiiifiLial stalenicnls prosonlod Indude tho rosults of the Association's subsidiary. G¥ango Con)munily Association sor.ial Cliib Limitpd OBJECTIVES AND ACTIVITIES Thè Association is a regisleied charily. Its objectives are lo proFnote the benefit8 of the inliribilanls of The Grange and the neighbuurhooij without disbnclion of sex. sexual vrienlcilion 01 of political, religious or olher opiiiion by associating wilh Ihe local aulhorrlies. volurilary organisalioi)s In a coninion ellort lo advanr education and to provide f3cililies in the interest ol the social ivplfare lor iecrealion and leisure time occupalion with Ihe 5ubiecl of improving Ihe condilions ol Ille ol the sai(J inhabilanls. To mainlain and n)anage or lo co-operate wilh any local 51alutory authority In the mainlenance ènd mai)agemeiil of the Cenlre for activities promoted by the Asbocicilion and Its COn51iluenl tK)dies an(1 In the furlherdnLe ol the abovo objccls. Tho Irustocs hav¢ considorod the Charity Conimissitsn's guidanco on public bcnefil and in ordcr lo corriply wilh Ihis and Ils own objeclives. the Grange Fellr)wship C¢)fflmunily Associalion lias set Ihe I101ng objectives.. To maintain high standards lor health. safety and Ihe prolection ol the environmenl al ls premises. To i¢Jeiilily risks aiid sel 11) place pro9ramnies lo renTrove Of duce Iliese nsks. To &nsure Ihiil these stan(lar(fs are conimunicated lo all employees. (x)ntracl staff, temporary workers and members ol Ihe public. and visilors as aypiopri31e. Trj Pnsure that all employ?es are given the necessary information. Instruclion and training to enable them lo work in safe manrier. To ensur8 Ilie rjisseniination and discussion ol le¥ar11 inlomialion on safely. heallh ali environmvnlal i55ue5. To develop promotirjnal campaigns and encourage safely. health and environmental awarpness. All the activities are focused on producing facilities lo aid inhalantS ol the Gwan9e In the Interest or social welfare, through education and provision of a cotnmunity cenlre. ACHIEVEMENTS AND PERFORMANCE The Association has continued to ffleel tts objerlive% throughout Ihe year and continues to providp facilitie% lor those Iiviiig 11) aiid cirourid Ihe surrouridin9 areas by subsidisi1i9 aiid proviuiiig resoiirces lor th@ Graiige Tiny Hdnrls Pre-school whic.h provides (ILJality L(Ire and education fur children dged 2 to 5 yar.. Th cliarily houses various gioups, surh as Over 60s. GraJ)go Wivcs oll)¢r local orJ( ai)igalions ai)d provideb dssiblaiice Such as offering Ihe local groups facilities for weekly rtieelifjyslevenls free of cliarge. The pre-school. Gidnge Tiiiy Hands continues lo mainlain a high slandard ol cliildcare and holds a "Oulslanding" grade by 0151ed. We noiv riin open collee mornings i¥here a local gfOUP coniJfeyale lo play gan)es These collee morninoJ ar 01)n In thè rpst of the commijnily lo enjoy thg fac.ilities in a safe anrl warni space Families are Iiivilpd lo iise Ihe hcill IrlLilities. WÈ also host ever)Is to include all geneialions of residents in <1nd ciround Ihe Graiige Eslale. Tlie hall coiilinues lo hc>use varies groups Iiicliiding over 60's. Martial Arls Lla558s aiiij 18blp tennis lo name a feiv.
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Al 31 March 2024 11)e group held {eSeeS of £61.084 for general purposes and £3.448 as reslricled lund% The Iriislee5 have agreed to hold the general reseNes lo cover fulu¥e runnirig cos15. The reslricled funds are dealt with on page 18 nl the accounts and relate lo specific activities. The year hès been difficLtII lor the group Ga¥rying fOard IrorTr the financial struggles caused by the Covid 19 pandemic. The Tiny Hands P¥eschool has been operiiling <11 full capacily anij has been Invgsliny in Inainlaining and improving the lacilib-es availablo. Tho trustces bclievc th31 tho charity duc lo inflationary impar.ts 2nd rises in the living kvage, rash will become restricted ill the near fulLJr Forecasts prs)Ared Iiave showii the group will have a nel cash inflow lor Ihe next 12 moi)th period. The pareiil and ils Iradi119 arm aro continuing to r¢viow ways tn which lo litnil costs and ovcrhcads to Improvc this position RISK ASSESSMENT 11 is the wlicy ol the Grange Fellowship Communily Association Io 8n5ure. so lai as it is asonablY practical. Ihc l)oallh and safety and wclfaro of ils ctnpjoyees whilsl Ilioy arc al work and of olhefs wlio may be aflecled by their underlakings. 11 is also Ihe AsslatiOn.5 policy lo comply with Ihe Health & Salely al Work Acl 1974 arid other allied relevanl le9islalion as appropriate. Tl)e Associalion coiilinL•ally assesses businoss risk arld takcs arjprtsprialo action as nccossary. STRUCTURE, GOVERNANCE ANO MANAGEMENT The Asso¢ialion is a rogistered chaiily (No. 30?4201 eslablishcd by 3 conslilulion and managed on a day lo day basis by the Truslees as listed on page 1. All trustees give their Iinie voluntary and receive no roniuiieralion or olhor beiiefils Whoro appropTiale all staff. havo Ihc appropriato qualilicalions aiid all who aro ii)volvcd in Ihc runnin9 01 Ihtt pre-sch(K)l arc DBS chocked. New Truslees are apwinled and approved by the existing board as aiid when required. The Tru51ees coiilirrri Ihal they have giveii dve regard lo Ihe guidance Pliblished by the Chanly Commission ori public benefit. The Association has a wholly owned subsidiary, the Grange Comniunily A$SlatIon Social Club Limited A donation of piolils is tnadé annlially lo Ihe Associats"on in pursuil of Ihe Associaknons. objectivès. TRAINING AND COMMUNICATIONS Specifir training Is re(iuirÈd on a wular b3sis for some or all employees. Thi8 Iraining could include soi?ie ur all uf the lollowing. Firé stilely First Aid DSE lanual Handling PPE All Iraining will be recorded on an Employee Health & Safely Training record. These records will be relciiiied for d ITiiriimum period of leii years.
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 HEALTH & SAFETY POLICY This is a slalement of 9eneral polT¢y by Ihe Grange Fenowship CommunilyAssocialion. about Ils Inlenlions, organisalions and arraiigeinetsls for ensuring the heallh and safety al work uf ils eniployes. dTid the physical safely of visitors and eonlraciors. ivhilsi the premises (K siles under ltte control ol the Associatioti. STATEMENT OF TRUSTEES. RESPONSIBILITIES The charity Iruslees are resw)nsible for preparing a trustees. annual report and financial statements in a¢¢ordance with applicable law and Uniled KiThJdom Accour>ling Standards (Uniled Kingdom Generally Accepted Accountin9 Pra¢li¢el. Lalv applicable lo charilies In En9land & Wales reguires Ihe truslees lo ppare ftrnancial s13lenienls for each financial year wliich give a Irue and fair view of kne charity's linan¢ial a¢iiiilies dunng Ihe year and of Ils fiiiaiicial p051tion 81 Ilie of the year. In preparing fiiia(Kial 51alertienlts giving a true and fair view, Ihe Iruslees should follow best prac11 and". . sclccl suitable accounlirtg xlld Ihcn apply Iheni tonSIen.. observe Ihe methods and principles In the Charities SORP -Ac¢ounling and Reporting by Cliarilies" * iiiako judgcmenls and cslimales Ihal aro rca%onable anij pru(knl. lal? whe.ther applicable accountin9 standards and slatemenls of recommended prac11co have been followed. subject lo any departures disdosed and explained in Ihe financial statements )repare the financidl sliltemeTrls on the going concem basis unles5 11 is Inappropriate lo presume that the charity ivill contii)ue in operation. The Iruslees are reswnsible keeping accounting recwds which disclose Wlh re3son8ble accuracy th8 financial position of Ilie ¢harily and i¥hich enable Iheni Iv a5¢ertain Ihe financia1 pusilion of the charity and which enable Ihem 10 en5uFe Ihal Ihe financial slatemenls comply 1h Ihe Charilies A¢1 2011 ai)d Ihe Charity IAtcwnlS and ReFM)rtsl Regulations and Ihts prcJvi8itsns of Ihtr Associalitsii'8 conslilulion. They are also resFX)nsible for safeguarding Ihe asseis of Ihe charity and hen for taking re3sonclbl& st8p8 for Ihè prevenlion anrt deler.lion or rraiKI and olhÈr irre9ularilie%. This report Nva5 approved by the Tmslees on . D Fullard IChaimi8nl
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION
REPORT OFTHE INDEPENDENT EXAMINER
FOR THE YEAR ENDED 31 MARCH 2024
I report lo the charity trustees on my examination ol Ihe Lonsolidated COuntS ol the charity for Ihe
year ended 31 March 2024 which are sel out on pages 6 10 19
Responsibilities and basts of report
A.s Ihg c.harily's Iruslees you ale responsible for Ihe preparation of Ihe rx>nsolidaled accounts In arrA)rdance
with lh8 r8quirenienls ol Ihe Charilies Acl 2011 I'lhe Acl'l.
I report In respect rjf my e¥>minalion of Ihe charity's constslidaled accounts carried out under section
145 01 the Acl and in carrying oul my examinalion I have lollowe(l all the applicable Direclions given by Ihe
Ch¢irily Con7missioii urider seclion 14515llbl of ihe Acl.
Independent examiner's stalement
Since the Lha¥ity's gT05S Income exceeded E250.000 your examiner musl be a member ol d budy Iisled
In section 145 oftlio Act. I confirm that l am qualified lo undorlake the examIalln bccauso l am a mcmbcr
ol Ilie Instilule ol Charlered Ac¢ounls In England and Wales, which Is one ol Ihe 1151ed bodies.
I liave conipleted my exaniinalion. I confirm Ihat no maleiial matters have conie lo niy allenlion In
cDllnecli(In with the examination giving me cause to believe Ihal in any tnalerial re.%i)pcl"
accoLJnling records were nol kepl in respect ol Ihe chanty as fequired by seclion 130 01 ihe Acl., or
the acctsunls do nol accord %vith those records", or
Ilie accoiinls do not comply with Ihè applicable requ1men15 concerning the form and conlenl ol
a¢¢ounls sel oul In Ihe Charilies IAccounls and Repoflsl Regulations 2008 olher than ariy requirement
ltrial the accounts give 8.true and fair whith 15 not a matter considered as part of an independeiil
pxamin31ion
The Iruslees have coricluded that perfomiance obligalions lor the cgming 12 monlhs will b8 n181 aiid Ihal il
remains appropriale lo prepare 11)e charity's accounls on a going concern basis. The Iruslees are aware
th
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION ONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 202d Notes unrIcted Restrlcted Total Total Funds Funds 2024 2023 INCOME & ENDOWMENTS Other trading actikilies 393.382 393,382 370.163 Charitable aclik411es 160.984 162.640 148,933 Total Income & Endowmenls 554.367 1.656 556,022 519,096 EXPENDITURE Olher trading acliM¢ies 375.333 375.333 368,330 Charitable actIMtS 223.958 1.925 225,883 228,632 Other 10 73,579 13.579 13.919 Total expendSture 612.871 1.925 614.795 610.881 Net {exndItre) ft)r Ihe year 158.5041 12691 158.7731 191,7851 Net movements in funds for the year beft>re other reco9nised gains and I0S 158.51HI 12691 158 7731 191.7851 Unreslricled fvJtKls brought r(Thard at l Atxil 2023 Restricted funds broughl k)ward al 1 Apil 2023 Translets between funds 102.405 102.405 20.478 192,157 22.511 20.478 16,760 16.760 Funds balances carried forward at 31 March 2024 60.661 3,449 64.110 122,883 All Ihe above resulls are derived Irom conlinuing acbvilies. The charily has no recognised gains or losses. ollier Ihan the deficit lor the above two ljnancial years. Tho iioles on pagos 10 to 19 form part ol the financial statonicnts
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION CONSOLIDATED AND CHARITY BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notss Giou Chari Grou Chari FIXED AS$S. Tangible a5sels 103.483 103.483 116.531 116.531 CURRENT ASS$.. Slock 7.142 536 8.631 413 Debtors 24.373 20,507 44.880 37.075 33,019 70.094 Cash al bank and in hand 31.OX> 38.727 40.269 49.313 CREDITORS.. Amovnls falling due wlhin one year 77.680 32.865 42.506 13.034 CURRENT ASSETS 138 9531 12.015 6.807 57,060 NET ASss 64.531 115.498 123.338 173.591 FUNDS OF THE CHARITY Unrèstricted funds 13 60.661 112,048 102,405 153,113 Restrlcted funds 13 3.449 3.449 20.478 20,478 64.110 115.497 122.883 173,591 15sued share capital.. 421 455 TOTAL CHARITY FUNDS 64.531 115,497 123.338 173.591 The finaiicial slaltsmeiils ivoro approvod and aulhonsed lor issue by Ihe Board oil È F)d %igiied ()11 Ils bohall tiy. 11112 D FLJ11ard ChriirrDiln Th& 11018s on pagès 10 Ic? 19 fo,. part of Ilie financial 51alernent5.
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION STATEMENT OF CONSOLIDATED CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 Notes 2024 2023 Cash flows from aperating activities Cash generated from operations 18.9281 170 2311 Net cash trom operalifU actilities 18.9281 170.2311 Cash flows from inveIng activities Purchase of tangible fixed assets m0Ment in share capital Nel cash from in¥esting aoli%ilies {2581 1341 12921 15 Cash Ilows from financiang acli%4ties Cash generated from financing actimlies Nel cash trom finan¢ing lItIeS Decase in cash arKI cash eqUilentS 19.2191 170.2161 Cash and cash equiwlents al beginning ol year 40.269 110,485 Cash and Cash equi*lents al end of year 31.OM) 40.269
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE STATEMENT OF CONSOLIDATED CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 111 Reconciliation of net intome to cash generated from operations 2024 2023 Nel lexpendilurel for the year Depreciation charges 13.305 13.599 178. 1¥01 Decase111nCrease> in trade and other deblors tkcreasellincreasel in stock Increaselldecieasel In Irade other Cfedil(Ms 25 1.489 35.174 59 7.871 18,928 170.2311 121 Cash and cash equlvalènts The amounts disclosed on Ihe slalemenl of cash flows in respecl ofcash and cash equiw)lents are in resp8cI o these slalemenl ol finala1 wjsition amntS. Year ended 31 March 2024 31.03.24 01.04.23 31.OSI 40.269 Year ended 31 March 2023 31.03.23 01.04.22 40 269 110.485
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
i I ACCOLINTING POLICIES
al Basis of accourTting
Grange Fellowship Community Association is a charity based in the Uniled Kingdom. The address
or the principal office is given in Ihe charity inforrriation on page 1 of these financial 51alertienls.
Thc naluro of tho chanly's opcratsons and piincipal acbvitics ar¢ to support or Promoto such
chaftlable purpose% as Ihe Trustees in Iheir absolule diSln delemiine.
The charily coi)slilules a public benefil enb.ly as dèfinèd by FRS 102. Thè finanual slatenienls
have been prepdred in accordance with Ihe accounting w)Iicies sel out In note5 to thg ac.caunl%
and comply with 111¢ charity's govcrning documonl. the Charilios Act 2011 and Accounting an
Reporting by Chafilies". Slalemenl ol Recommended Practice applicable lo chaiities preparing their
accounts In dccordance vnlh the Finanrjal Reporting Standard applicable in the UK and Republi
ol Ireland published in Oclobef 2020.
Group accounts
Thesp financial 51(Ilemenls consolidate the resLtIts of the charity and Ils wholly awne¢J
siibsidiary Grange Community Association Social Club Liinilod. A scparalc stalcn)ei)t of financial
activities for the Charily itself is not presented beGause the Charity has taken advar)lage of the
exemption5 afforded by paragrapli 397 01 SORP.
Thc financial slalcmcrils of the Grange Association Social Club Liffliled arc prepared und¢r the
Financial Reporting Sl<indard applicable in the UK and Republic of Ireland IFRS 1021.
Going concern
The charily cind Ils Iri¢ding firm have been significantly Implc cled by the currenl ecoi)oniic
environnienl. Kunnii)g L051s have continued lo increase due lo liigh Inflation as the 'cosl uf living
crisis, rni)tinucs. The Triistees have pr¢pr7r farccasts fof ncxl 12 n)onlhs which report Ih
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 dl Expenditure recognition Expeiidilure Is r8cognised on an accruals basis and has be8n classified under headings that aggreiJale all cosls relaled lo the calefjory. 11 is calegtsris8d vnd8r Ihe I101ng headings.. Oihèr Iradin9 aclivilie5 bndudes the subsidlary Expenditure on charilable activities indudes playgroup activities 8nd general expenscs Olher expendilure represenls those tlems noi fallin9 Into U)e calegtsries above. el Fixed assets Tangiblc Iixcd assets are staled at cosf. Cost includos costs directly atlribulable lo rnaking th asset Capable of operhling as intended_ Oepreciation is provided al the lolltrmng annual lates in order lo write off each asset over ils eslifflaled usefLJI economic life.. Iniprovemenls lo properly". Slraighl line over 16-20 years Plant and eqLJipmenl.. 15Q/o rpduring balance Fiylures and 11114ngs". 15trtr1ts ieducing balance Conipuler equipment. 33Yg on cosl O Stk Stock is valued al the lower of cost and nel realisable value by an independent professional valuer. gl Leasing cownwnrtments Rental% paid uiider operating leases are chargeij lo the SOFA on a straighl line basis over the period ol Ihe leasè. h) Penslon costs and other Tetlrement benefits The group uperales a defiIied coiiliibuliun pen>ion scheme. Conlributions payable lo the group pension Scheme are chargpd lo the profil and loss accoLtnl in the period lo %vliich they relalp lo il Related party di5c105ure The group has lakon advanlagc of tho e¥cmption Contained with1Tr Accounting and Rcportiiig by Charities IFRS 1021 and lias Iherefore nol discloseij Iransaclions willi entities ivliicli form P¢lrt of ihe grovp. 11 Financial instfumÈnts The group lias elec1 lo apply the provisions of Se¢bon 3 1 'BasiL Finaiici31 Iiislrunienls, or FRS 102 to all of ils finallcial slalen)enls. The group 01)ly has finaiicial Iiislrun)ents that 1311 wilhin Ihe delinilion ol a basic Iinancial Inslrumènl. Finanr.ial InslriJn)enl% are recogn15ed in Ihe gioup's balance shpel whgn Ilip ¢.harily becoinp% PArly 10 Ihe corilracliial provisioii ofihe ii)slfun)enl. Debtors and credilors ivhich are Iiiiancial Inslrufnenls aro ro¢ogniscd Iniiially at transactions pficc and subscoucntly ai .qolllomonl valticlrocovorablo amount. Firiaiicial as5eis aiid Iiabililles are ofisei. with Ihe riel aniounis presellted Iri the Iiiiancitil slalernenls ivhen Ihprp is a legally enfoTceJble light lo set off the rpcoonised amounts £ind there Is cin Inleniion to sellle on <7 nel bir sis or lo realise the asset and sèllle the Ii<itiilily sin)ullai)eously 11
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31MARCH 2024 kl Corporation tax Current lax Is reoognised al the amount of lax payable USTng the lax rate5 arid laws Ihal have beeii onacted or substantivoly eDaclcd by Ihc balancc sheet date No liability to UK Corporation Tax aroso for tho yoar ondcd 31 Klarch 2024 nor lor the yoar ondcd 31 March 2023. The assoualron Is Èxènipl Ironi Corpallon lax on ils chaniable aCVIlle$. 11 Cash at bank Cash and cash equivalent tnclude cash al bank and in hand and short-term deposits with a maturity dale ol Iliree mtsiilhs or less. ml Grant income The plflygroup receives qrant fund5ng from the lrtal aulhorily and olhei ielaled or9anisalion.£ tr) 8ssisI with the recruilmenl and rèténiion ol staff. and general running cosls. in accordance with OFSTED requiremenls. These grants are included In Ihe reslriLled funL15 ID the accounts. The charlty has also received othe¥ Covid support govemment grants during Ihe year. These graiils are recogi)Ised Iri Ihe financial slalenienls Lising Ihe accfuals niodel. Granls Ihal are retreived In respect of expenses or losses already incurred by the entity are reLognised In profit and 105s in the period when the grant becomes rpceivabfe. FIXED ASSETS - GROUP AND CHARITY Im to Pro rovements Plant & Fixtures & Fittin Com Equiment ter ui ment TOTAL COST Al 1 April 2023 Additions 19. 168 258 {2301 33,369 13,336 274,479 258 Disposals 12301 Al 31 March 2024 208.606 19.195 33.369 13.336 274,506 DEPRECIATION Al 1 Apnl 2023 Char9e f<y yeaf Eliniii)aled on disposal 103.502 10.$14 16.066 479 25.597 1.795 12,782 314 157.948 13,132 At 31 March 2024 114,046 16.488 27.392 13.096 171,023 NET BOOK VALUE Al 31 March 2024 2.707 5.976 240 103,483 Al 1 Apnl 2023 105. 104 3.102 7.771 554 116.530 All tangible assets a held wlhin Ihe Chanly. 12
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31MARCH 2024 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Grou Chari Grou Chari Olher debloTS Prepayments AMnI due Irom subsidiary 134 570 3,329 272 373 413 24,C 33,474 536 24,373 413 37.075 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Grou Chari Grou Chari Trade ¢iedil(Ks 21.662 43.635 12.383 5,054 20.920 6,891 16.543 15,434 10,529 2,427 5,635 4.972 Taxation and social security Accruals arKI olher creditors 77.680 32.865 42.506 13.034 INCOME AND ENOOWMENTS AND NET INCREASE IN FUNOS- CHARITY ONLY Th? charily has a wholly owned subsidiary Ihc Grangc Comn)unily Associalion Social Club Limiled. Prolits from Ihe subsidiAry are Iransferre(I lo Ihe charily by A Gift rfoF)alion. A gill aid Iransler ol ENII 12023 £NIll was niatja in rgspecl of the year. Th* bar Irading results can be seen in nole 6 01 the financial 8ialemen15. as extrficlpd from the aucliled financial statemenls. 13
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 6. BAR TIIADING 2024 2023 Income Bar takings Cafe Takings usemenl & gaming machines 300.354 70.430 22598 276.536 69.441 24.186 393.382 370.163 ¢o$l tsl Sales Bar purchases Cafe purchases Gaming machine rental and licen 124.942 117.867 27.492 35.151 1.607 1.076 154.041 154.094 GROSS PROFIT 61% 239.341 58% 216.069 Other income.. Inieresl reCeid EXnditure- Wa9es Social se¢urity Pensions 162.358 160.383 10.130 10.957 2.871 2.562 2.471 Slocklaking costs Telephone Cleaning materials & laundry mbers function5 and sundrie5 2.260 13.522 12.662 2.997 2.156 12,590 7.500 10,547 Ac¢ounlan¢y Rent 6.565 18.729 Repairs & mainlenanc8 1.672 1.298 234.932 209,299 4,410 6,770 Finance costs 8ank charges inieresl paid 5.090 4.633 304 5.090 4.937 PROFITIILOSSI {Db(yl 1.833 14
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS Tt)lal slafl costs paid In the year arnoLinled lo £313.605 Including social 8ec.urily of Ll 7.932 and Ftnployer pension ronlribulions ofF5 161 12023- f 306.230 including SOCirl1 security ofF18 293 and employer pension contributions of f4 5731 Pensitsn contributions of £2.891 are oulsl3nding at the year-end 12023- E1,0291 No Irustoos, romunoralion was paid during tho year12023- £NIll EMPLOYEES The aver8ge number of employees calculated on a full-tinie e4uiv8lenl basis through the year was". 2024 2023 Grou Charit Grou Charit Secretary Bar Slaff Carelaker aygroup 20 23 The Irading subsidiary also employs several part-lime slaff due to the nalure tsf the business. During the year no Individual employees received emoluments in excess of £60,000.12023 - NII) INCOME AND ENOOWMENTS CHARITY Charitable act4Vtties 2024 2023 Unrestricled Funds 8.614 Reicied Funds Unreicled Restricted Funds Funds 6.524 Notè Total 8614 Total cent tkingS embefship lee5 Pl(Iygroup rictilieS Members fvncli(s 6524 3.546 125.9)2 3S16 121 35J 705 19.15d 110. 128 110128 1 605 Card machine income lrteresi reCled 19,194 25.79? 25 792 62 84 Grth c(yhpani(XlS Sundry Inc(hne 306 306 300 1.984 1.656 162 640 148 627 306 148.933
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF CHARITABLE ACTIVITIES AND OTHER COSTS CHARITY Charitable ¢05 2024 2023 Llnrestricted Restricted Fynd5 FuDds Funds Ftsthds Totsi Totsl Playgrth4) ¥liiili¢s Grth CMpanI C¥d rnachine enlertainnwl 122.273 1.4X) 475 123,723 475 117.486 1.170 1.169 118.656 1.169 30.801 l.W8 76.998 .801 1.008 76.998 Managemerbt & thin 78.804 223.J8 1.925 225.8S4 226.3 2.J39 228,632 10. OTHER CHARITY Otho¥ Cos 2024 Regricted 2023 Unrstsict041 unrestricted Restrlcied Notes Fund$ Funds Total Fund5 Funds Toial Bank C106$ Oepn ol Improvmnenls Io Piwy Oew ol and MaCry Dew ollxlufes arKI fillIlEgS olcotnpvlerequwnent Loss on Sa of fixed a55el 274 214 320 10.544 555 320 10.544 479 10.544 10,544 555 479 1.795 1.795 1,980 540 314 314 yo 173 173 13.579 13,579 13.919 13.919 16
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 11. MANAGEMENT AND ADMINISTRATION EXPENSES CHARITY 2024 lknrestriclgd Rq4ricled 2023 Unrèstricted Restricted Ftsnds Ftrnds Total Funds Funds Totsl OthBr OpFratiry Leases 1,6t)4 29,606 2.319 607 29.597 29.597 2.204 Sttial SecLffity Pens10llS 2.319 E07 Accovnlancy Rates, heal. Iwhl 8 seNce charge5 aeaning & LaUrry Professional Fees Repaits & Klxirtdrta Telepho Pnnling & Postage lfjsurance Swdne5 6.1 16.894 6.1 16.894 1.985 19.081 3.&>7 19.081 3.807 4.471 1.342 3.815 4.411 l.J42 3,815 4.021 1.2 4.099 4.021 1.052 4.099 2.761 3.241 76.998 2.761 3.241 76,998 3.538 78.804 78. 17
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. CHARITABLE EXPENDITURE INCLUDES: 2024 2023 Grou Chari Grou Chari Audit and independent examiners fee Ac¢ounlancy. taxation and other senices Deprecialion Operating lease payments 11,6 5.1 9.165 2.000 13.599 1.803 26.567 3.600 1.000 13.599 1,803 20,002 13.075 4.6EI 31.425 13,075 23.925 13. FUNOS OF THE CHARITY 13. FUNDS OF THE CHARITY GROUP At 1 A ril Income & At31 March 2023 Endowrnenls Ex erbditure Transfers 2024 unStriCted F¢Jnds 102.405 554.367 1612.8711 16.759 60,661 Restncled Funds Building Fund Tinyhands Good Cotnpanions 18.534 116.7591 1.775 1.450 11.450) 14751 1.944 1,674 Total Reslricled Funds 20.478 1.656 11,9251 116,7591 3,449 Total Funds 122.883 556,023 1614.7961 64,110 18
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. CONTROLLING PARTY Tho Grange Fcllowship Community Assttiabon is controlled by thc managemcnl comniiltoe. 15. ANALYSIS OF ASSETS BETWEEN FUNDS Group Unrestricted Restricted Funds Funds Total 2024 2024 2024 Fund balances a131 March are presented by.. Fixed assets 103.483 34.857 177 fi&0 103,483 38.306 171,ti8ai Current assets 3.449 Current liabilities 60,661 3.449 64.110 Group Unrestricted Restricted Funds Funds Total 2023 2023 2023 Fund balances al 31 March are presented by.. Fixed assels 116.530 28.380 116,530 48,858 (J2 Current assets 20.478 ,.42. 102.404 20.478 122,882 16. TRUSTEES EXPENSES The Iruslees received expenses lolalling £NIl during Ihe year12023." £N111. 17. RELATED PARTY TRANSACTIONS The lollo¥vii)g related pariy transactions have beer) ideniified. During the yeaT. certain members ol ftlf R Keebles larnily. receive.d remijneralion fram the charity. Mr R Keeble is a Irvslee ol Ihe charity. These We as follows.. Is H Kpeble Idaughlerl f 38.18712023 E38.5561 ..1rs K Keet)le Iii'ilei £12.742 {2023. E12.6471 Key nianageni&nl peisonnel during Ihe year kvas ¢onsidered to be Klrs J Alkins. The loial reniuneralion paiLI lu key management totalle(l F'39.372 12023. £39.7711. 19