Aston and Cote Community Trust
Treasurer’s Report -- year ending 31 March 2024
Independent review of accounts
Although the income of the Trust is below the level needed for an independent review by the Charity Commission (£25k), the accounts have been reviewed and agreed by Nicholas Hoskins ACCA.
Commentary on activities
Letting income
The income from letting the hall and playing fields was £14807.20 £ (2023: £12,842) reflecting the resumption of many village activities. The Trust did not raise letting charges during the year ended Mar 2024.
| Mar 18 | Mar 19 | Mar 20 | Mar21 | Mar 22 | Mar 23 | Mar 24 | |
|---|---|---|---|---|---|---|---|
| Letting Income | £10,655.00 | £9,831.00 | £10,773.00 | £1,703.00 | £10,530.00 | £12,842.00 | £14,807.20 |
General fundraising
Fund raising was down on last years and raised only £505. The 500 club, led by Elizabeth Hook also continued to raise significant funds for the Trust and contributed £4,926 (2023: £2,702). In addition, we managed to obtain overpayments from previous years in the music license and Castle Water refund for incorrect billing, totalling £4146.
Donations and Grant Income
The Trust received a significant donation from the estate of Janet Glanville of £3,053 and a further one-off donation of £670 from Sylvia Brown from the lunchtime club. Further smaller donations were received from Aston Parish Council, Bampton Welfare and the Charities Trust.
General expenditure
The only significant expense for the year was repairs to the toilets in the changing room and the soffits repairs, the cost of the later which will be included in next years accounts, although the work was completed at the end of March 2024. In additions we opened a 32 day notice account account at Lloyds Bank to earn a higher interest and transferred 25K in November 23. Expenditure during the years, was 23054.57 (2023 £17241) giving a surplus of 7,988.95.
Operating surplus/deficit
Total income of £31,043,52 (2023: £32104.14) was higher than expenditure by £7988.95 (2023: surplus of 14860.39)
2024 2023 Letting 14807.20 500 Club 4926.00
| Fund Raising | 505.67 |
|---|---|
| Donations | 6021.08 |
| Interest | 636.64 |
| Other | 4146.93 |
| Total | 31043.52 |
| Caretaker/Cleaning | 5856.24 |
| Maintenance/repairs | 3874.80 |
| Utiliies | 4631.29 |
| Council tax/water rates | 293.87 |
| Insurance | 2149.15 |
| 500 Club prizes | 2400.00 |
| Playground | 705.20 |
| Muga | 1948.70 |
| Other | 1195.32 |
| Total | 23054.57 |
Cash position
The closing cash position of £56112.34 (2023: £48123) is comprised general funds of £53084 (2023: £45095) and restricted funds, designated for the playground, of £3,028 (2023: £3028 ).
Sport Aston
There was no activity during the year. This fund was closed in November 2023 to the deposit account.
Tony Windscheffel Treasurer Aston and Cote Community Trust
Aston & Cote Community Trust Receipts & Payments for the Year ended 31/03/2024
| GENERAL FUNDS Receipts Hire of Hall & Field Interest Donations Sundry Receipts Grant funding General Fundraising 500 Club Fund Raising Payments Rates Insurance Heat Light & Telephone Caretaking & Cleaning Maintenance & Sundries 500 Club prizes Hall renovation Tree cutting Periodic Electrical Inspection MUGA costs Play Park maintenance Removal of old playground Other expenses Net income/(expense) for the year |
£ 2024 |
£ £ 2024 2023 14,807.20 636.64 6,021.08 - 2,702.00 3,571.38 9,578.60 31,043.52 444.38 1,896.16 4,099.56 4,537.46 2,947.53 - - - 2,355.80 697.11 - 265.75 23,054.57 7,988.95 |
£ 2023 12,842.00 105.30 12,883.46 - 6,273.38 |
|---|---|---|---|
| 4,146.93 | |||
| 4,926.00 | |||
| 505.67 | |||
| 32,104.14 17,243.75 |
|||
| 293.87 | |||
| 2,149.15 | |||
| 4,631.29 | |||
| 5,856.24 | |||
| 3,874.80 | |||
| 2,400.00 | |||
| - - - |
|||
| 1,948.70 | |||
| 705.20 | |||
| - 1,195.32 |
|||
| 14,860.39 |
C2 General
Aston & Cote Community Trust Balance Sheet Account for the Year ended 31/03/2023
| £ Assets held by Aston & Cote Community Trust 2024 Lloyds Bank Current A/C 13,497.45 COIF Investment A/C 5,822.26 Lloyds Bank Savings Account 11,188.20 Lloyds Bank Notice account 25,200.18 Uncleared payments - Unbanked deposits 404.25 56,112.34 Of which: restricted funds (Playground) 3,028.40 (MUGA) - Movement of Funds General Restricted Total Balance B/F 01/04/2023 45,094.99 3,028.40 48,123.39 Receipts for the Year 31,043.52 31,043.52 Payments for the Year (23,054.57) (23,054.57) Balance C/F 31/03/2024 53,083.94 3,028.40 56,112.34 |
£ 2023 34,374.09 5,552.34 6,021.66 - 2,175.30 |
|---|---|
| 48,123.39 | |
| 3,028.40 |
C2 General
Sport Aston
Receipts & Payments for the Year ended 31/03/2024
| INCOME Fundraising Interest on Bank Account Expenses PAYMENTS Bowls Equipment Net Income (Expense) for the Year Assets held by Aston & Cote Community Trust Lloyds Bank Current A/C Transfer due to Sport Aston A/C Movement of Funds Balance B/F 01/04/2023 Income for the Year Expenses for the Year Closure jan 24 to Community Trust D/A Balance C/F 31/03/2024 Sport Aston Balance Sheet Account for the Year ended 31/03/2024 |
0.48 | £ 2024 - 0.48 |
|---|---|---|
| £ - |
||
| 0.48 - |
||
| 0.48 | ||
| £ 2024 - 0.00 |
||
| - | ||
| 52.82 0.48 (53.30) |
||
| - |
C2 General
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of On accounts for the year ended 13149 ao Charity no (rf any) 30W2S% Set out on pages I report to the trustees on my examination of the accounts of the above charity (°the Trusf) for the year ended Responsibilities and As the charity trustees of the Trust. you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Acr). I report in SpeCt of my examination of the Trust'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 Act. I have completed my examination. I confirm that no rnaterial matters have come to my attention ( ") in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's ststement I have no cOnmS and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. . Please delete the words in the brackets rf they do not apply. Signed= Date: AJ7 aoJ Name: Relevant professional qualification(s) or body (if any): FCA Address: (3 0SciE 2EG. IER October 2018