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 Sluse 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 {eSe￿eS 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 fO￿ard 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 pr*s)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 Ass￿latiOn.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$S￿latIon 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 eniploye*s. 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 p￿pare 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 ton*SIen￿.. 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 examI￿all￿n 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 requ1￿men15 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 thvgmpnls to profilabilily and cash flow Are nol tnade. the charity will no longer be a 901119 concerii arid will hav8 lo cease opefalions. Martin William5 ACA. FCCA Unil 1b. Focus Four Fourth Avenue Letdmf Herls. SG6 2TU Dated.. oi-Il-qoC( GRANGE FELLOWSHIP COMMUNITY ASSOCIATION ONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 202d Notes un￿￿rIcted 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 actIMt￿S 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 {ex￿ndIt￿re) ft)r Ihe year 158.5041 12691 158.7731 191,7851 Net movements in funds for the year beft>re other reco9nised gains and I0￿S 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 ASs￿s 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 inve￿Ing activities Purchase of tangible fixed assets m0￿Ment 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 ￿lI￿tIeS Dec￿ase in cash arKI cash eqUi￿lentS 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 Dec￿ase111nCrease> 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 fina￿la1 wjsition am￿ntS. 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 diS￿l￿n 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 Slrojec15 are Set out in the notes lo the financial statements ¢1 Income re¢ognition All incorning resources are includpd in th& SOFA In the ijeriod in whicl) they arise Bnd when the mount Crln be quanlilie(J i¥ilh reasonable a¢¢uracy. 10 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 I￿10￿1ng 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 St￿k 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 Ii7 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 un￿StriCted 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