## 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