LONG ASHTON COMMUNITY ASSOCIATION REPORT & FINANCIAL STATEMENTS 31 MARCH 2024
Charity Number: 304575
LONG ASHTON COMMUNITY ASSOCIATION
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
| Contents | Page |
|---|---|
| Reference and Administrative Information | 1 |
| Trustees’ Annual Report | 2 – 6 |
| Independent Examiner’s Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 - 18 |
LONG ASHTON COMMUNITY ASSOCIATION
REFERENCE AND ADMINISTRATIVE INFORMATION
YEAR ENDED 31 MARCH 2024
Registered charity number
304575
Principal office
The Community Centre Keedwell Hill Long Ashton Bristol, BS41 9DP
Trustees
Mr C Davis – Chair Miss C Murphy Mr T Kindred Mrs S Leong Mr D Andrews (resigned 08/02/2024) Mrs K Bolton (resigned 02/09/2023) Mrs N Davis (appointed 05/09/2023) Ms H Mallet (appointed 05/12/2023) Mrs J Brown (appointed 10/09/2024)
Key management
Mrs S Smith – Centre Manager
Independent examiner
Joshua Kingston, BSC., ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton BS48 1UR
Bank services
Santander Bootle Merseyside L30 4GB
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LONG ASHTON COMMUNITY ASSOCIATION
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
Report of the Trustees for the year ended 31 March 2024
The Trustees have pleasure in presenting their report and financial statements of the Charity for the year ended 31 March 2024. The Trustees have adopted the provisions of the Charities Act 2011, the trust deed and the Statement of Recommended Practice Charities SORP (FRS 102).
OBJECTIVES AND ACTIVITIES Objectives
The objectives of the Charity, as stated in the constitution document are:
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a) to promote the benefit of the inhabitants of Long Ashton Civil Parish without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants;
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b) to maintain and manage the Community Centre whether alone or in co-operation with any local authority, person or body.
Activities
The Charity achieves its charitable objectives through the maintenance and management of the community centre.
The facilities include the Village Hall (with stage and large kitchen), Keeds Hall (sports hall), Jubilee Pavilion, smaller meeting rooms, Bowling Green, Tennis Courts, sports pitch and children’s play area. The Centre is licensed for running a bar.
The facilities continue to be used by a number of groups, classes, individuals and local businesses. These include art classes, several pre-school groups, exercise classes, local history, martial arts groups, local sports clubs and the Parish Council. In addition, the facilities are booked on a regular basis for cultural celebrations, an annual flower show, LA Cinema, monthly village market, monthly lunch and LACA’s own fundraising events.
The award of a prosperity grant in the current year funded the installation of a new speaker and adaptable lighting system in the Village Hall which would make the space more suitable for community and private events. The award of a further grant in September 2024 means that a new screen and laser projector can be installed to complete the audio-visual installation.
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
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LONG ASHTON COMMUNITY ASSOCIATION
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
ACHIEVEMENTS AND PERFORMANCE
Rental income during the year has continued to increase past pre-pandemic levels as use of the Centre has increased and fees have been reviewed. The Centre has a core group of regular users groups including a Montessori home tutoring group for younger children which now meets three days a week during term time in the Community Centre.
Annual events such as the Beer and Cider Festival and Quiz Night continue to be successful in raising funds for the Community Centre. Other annual events are in the pipeline and the Community Centre is looking forward to having a year-round schedule of fundraising events. The Long Ashton Adventure Film festival which was run for the first time was a sellout.
The Community Centre opened as a “Warm Lounge” as part of the North Somerset campaign. Grant funding of £500 was provided to support this initiative. This will be repeated in the winter of 2024/25. In view of recent revisions to the benefit system we expect the same level of use or more, particularly during cold periods.
Some of the smaller meeting rooms within the Community Centre were given an uplift to make the spaces more appealing for hire.
Three floors have been renovated or re-laid to deal with wear and tear, and in one case to remove a trip hazard. A new site-wide WiFi system including its installation was given to the Community Cantre which removes the need to manually change networks as users move within and between buildings.
The decision by the Parochial Church Council to relinquish responsibility for Church House in Long Ashton meant that two long term users needed new premises from which to operate. The Association was able to accommodate them within the Community Centre with some repurposing and re-allocation of spaces. The extra income from these users has helped restore the Association’s finances, and enabled it to hire spaces at reduced rates to other users who previously had free use of Church House, or where the Centre Managers consider it to be to the public benefit.
The Open Day for other Community groups to exhibit for free at the Centre was heavily booked again. It has proved to be beneficial for everyone and is planned to be a regular event in the calendar.
However, a shortage of meeting rooms means that many enquiries for space to hold a small meeting have to be turned away.
FINANCIAL REVIEW
The total income for the year is £200,288 compared to £153,605 in the prior year. Total expenditure for the year is £165,596 compared to £143,397 in the prior year. This results in a net surplus of £34,692 (2023: surplus of £10,208) leaving total unrestricted funds as at the year end of £38,062 (2023: £26,123) and restricted funds of £23,253 (2023: £500).
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LONG ASHTON COMMUNITY ASSOCIATION
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
The trustees’ plan to emphasise increasing income over the year resulted in increased income of £43,683.
Reserves Policy
The Trustees have reviewed the reserves of the charity. Their policy is to hold enough unrestricted funds to meet at least three months of normal expenditure for managing the Community Centre. This equates to £30,000 - £35,000. The Trustees feel that this amount would enable the charity to continue to operate in the event of a significant drop in funding, or closure of part of the facilities. It would obviously be necessary, however, to consider how the funding would be replaced.
In the financial year ending 31st March 2024, the free reserves held (excluding those allocated to designated funds) stood at £32,542 (2023: £19,063).
Designated surplus funds have been ringfenced to provide for the long term maintenance requirements of the Community Centre to ensure there are sufficient funds available for any major building repairs.
Additionally, separate restricted funds have been set aside for specific projects relating to the Community Centre such as the Village Hall upgrade and redevelopment of the playpark.
Principal funding sources
Our main source of income is from hiring out the Community Centre to users. This is supplemented by grants from the Parish Council, and any fundraising events. From time to time we receive other donations and grants, and every opportunity is taken to apply for grants for which the Association may be eligible.
Looking forward
The trustees consider that the charity will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved for the following reasons:
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The charity holds reserves as detailed in reserve policy above;
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Steps have been taken to reduce expenditure and increase income;
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Income from bookings is increasing; and
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The Parish Council has confirmed sufficient grants to enable continued operations and maintenance.
The Parish Council has maintained its commitment to support the charity through a grant-inaid contribution for maintenance of the Community Centre. Together with the increasing income, the trustees consider it appropriate to adopt the going concern basis of preparation of the accounts, as detailed in note 1 to the financial statements.
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LONG ASHTON COMMUNITY ASSOCIATION
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
Changing the legal form of the organisation
The Management Committee are intending to change the legal form of the community centre
organisation, to become a Charitable Incorporated Organisation (CIO). CIO status will allow the community centre to have its own legal personality separate from the Trustees, similar to a limited company. The Community Centre will continue to be a registered charity and to operate under charity law. An application was submitted in January 2023, but closed by the Charity Commission due to time taken to investigate the complications to the process caused by the charity’s land and buildings. It is planned to resubmit the application by 31 March 2025.
Issues & Risks
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LACA is reliant on a small number of employees and volunteers to support day to day operations and management, and the trustees who volunteer.
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The recruitment of voluntary Trustees has improved but there remains heavy reliance on those existing Trustees. Once the legal form has been changed, the Trustees will use this as an opportunity to encourage more members of the community to become Trustees.
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In light of cost increases, LACA reviews expenses and outgoings. However, continuing increased costs will have an effect on operations as it is sometimes difficult to pass on these costs to user groups.
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The cost of maintaining the buildings, facilities, sports and playgrounds is currently supported by funding from the Parish Council, but additional funding will need to be sourced / required to meet the estimated costs as outlined in the capital and maintenance plan for the period 2018-2026.
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LACA is managing the area known as Peel Park on behalf of the Parish Council. This arrangement is now being reviewed with the Parish Council as we are advised that Taylor Wimpey is close to transferring title to the Parish Council.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Background & Governing Document
The organisation is an Unincorporated Association, registered as a charity on 19 July 1962 (amended 8 May 1984), Registered Charity No 304575.
The Association is governed by its trust deed dated 25 June 1945 and constitution as amended 20 May 1965, amended 1 June 1999, amended 18 June 2009.
Recruitment and appointment
Five trustees are appointed by Long Ashton Parish Council as members of the Management Committee, who must be resident in the Civil Parish of Long Ashton. The Trustees have powers under the constitution to appoint up to a further three trustees, and Hazel Mallett, Nelly Davis and Jenny Brown were appointed using these powers. Following the resignation of David Andrews, Hazel Mallett was re-appointed by the Parish Council.
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LONG ASHTON COMMUNITY ASSOCIATION
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
Statement of trustees’ responsibilities
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping sufficient accounting records that 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/constitution. 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.
Declaration
I declare, in my capacity of Charity Trustee, that the current Trustees have approved the report above and have authorised me to sign it on their behalf.
Signature
Christopher Davis
Full Name: Christopher Davis Position: Chair
Date: 22 October 2024
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LONG ASHTON COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
YEAR ENDED 31 MARCH 2024
Independent examiner’s report to the trustees of Long Ashton Community Association
I report to the trustees on my examination of the accounts of Long Ashton Community Association (the Charity) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
osha
Josh Kingston BSc., ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
Date: ………………………… 22 October 2024
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LONG ASHTON COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2024
| Note Income and from: Donations and grants 2 Charitable activities 3 Other trading activities Investments Other income Total income Expenditure on: Raising funds Charitable activities 4 Total expenditure 7 Total funds at 1 April 2023 14 Total funds at 31 March 2024 14 Net income/ (expenditure) and net movement in funds |
Unrestricted Funds £ 216 118,943 19,022 121 1,560 139,862 96 127,827 127,923 11,939 26,123 38,062 |
Restricted Funds £ 58,484 - 1,942 - - 60,426 - 37,673 37,673 22,753 500 23,253 |
Total Funds 2024 £ 58,700 118,943 20,964 121 1,560 200,288 96 165,500 165,596 34,692 26,623 61,315 |
Total Funds 2023 £ 56,195 79,134 8,282 35 9,959 153,605 560 142,837 143,397 10,208 16,415 26,623 |
|---|---|---|---|---|
The charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
See note 10 for fund- accounting comparative figures. The notes on pages 10 to 18 form part of these financial statements.
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LONG ASHTON COMMUNITY ASSOCIATION BALANCE SHEET
AS AT 31 MARCH 2024
| Note Fixed assets Tangible fixed assets 11 |
2024 2023 £ £ - 1,540 |
|---|---|
| Current assets Debtors 12 Cash at bank and in hand |
- 1,540 8,878 3,268 72,863 35,856 |
| Liabilities Creditors : Amounts falling due within one year 13 |
81,741 39,124 (20,426) (14,041) |
| Net current assets | 61,315 25,083 |
| Net assets | 61,315 26,623 |
| FUNDS Restricted funds 15 Unrestricted funds General funds 15 Designated funds 15 |
23,253 500 32,542 20,603 5,520 5,520 |
| 61,315 26,623 |
These financial statements were approved by the Trustees on .................................................................... and are signed 22 October 2024 on their behalf by:
Christopher Davis Chair
The notes on pages 10 to 18 form part of these financial statements.
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LONG ASHTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1 Accounting policies
Accounting convention
The financial statements have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Charities Act 2011.
The accounts (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 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) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The charity is a public benefit entity as defined under FRS102. The Trustees consider that there are no material uncertainties affecting the ability of the charity to continue as a going concern.
Income
Income from donations is included in income when these are receivable, except as follows:
I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods;
II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.
Rental income is recognised in the month it falls due. Unpaid rent is accrued for in debtors and any rents received in advance are accounted for as deferred income.
Investment income is included on a receivable basis.
Donations in kind comprise donated services where the costs are measurable and the services would otherwise have to be paid for to maintain operational effectiveness.
Expenditure
Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.
Raising funds
Raising funds expenditure include those costs incurred in seeking voluntary contributions, costs of goods sold and other costs which include the costs of running and participating in fundraising events and collections and cost of goods purchased for resale.
10
LONG ASHTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
- 1 Accounting policies (continued)
Charitable Activities
Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Governance costs are included within support costs.
Allocation and apportionment costs
Certain expenditure is directly attributable to specific activities and this has been included in those cost categories. Other costs, which are attributable to more than one category, are apportioned across cost categories on the basis of an assessment of workload carried out from time to time.
Overhead support costs have been allocated between fundraising and publicity costs, fundraising trading and charitable activities. The apportionment has been allocated on the basis of usage and is analysed in note 5.
Pension costs and other post-retirement benefits
The charity contributes to defined contribution pension schemes. Contributions payable to the charity's pension schemes are charged to the Statement of Financial Activities in the period to which they relate.
Tangible fixed assets
Fixed assets are held at cost less accumulated depreciation. Assets costing less than £1,000 are not capitalised. Depreciation is calculated so as to write off the cost of an asset, less its estimated ultimate residual value, over the useful life of that asset as follows:
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Office equipment - 25% straight line
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.
Cash
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.
Creditors
Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable of a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Creditors 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 within interest payable and similar charges.
11
LONG ASHTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
1 Accounting policies (continued)
Fund accounting
Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.
Further explanation of the nature and purpose of each fund is included in notes of the financial statements.
2 Income from: Donations and grants
| Donations Parish council grants Government grants |
Unrestricted Funds £ 216 - - 216 |
Restricted Funds £ 2,208 40,000 16,276 58,484 |
Total Funds 2024 £ 2,424 40,000 16,276 58,700 |
Total Funds 2023 £ 1,401 53,269 1,525 56,195 |
|---|---|---|---|---|
Income from donations and grants included £500 of restricted grants from the Parish Council
3 Income from: Charitable activities
| Rental income Storage income Clothes bank Feed in Tariff |
Unrestricted Funds £ 117,692 983 268 - 118,943 |
Restricted Funds £ - - - - - |
Total Funds 2024 £ 117,692 983 268 - 118,943 |
Total Funds 2023 £ 75,918 322 271 2,623 79,134 |
|---|---|---|---|---|
Income from charitable activities in the prior year was unrestricted.
12
LONG ASHTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
4 Expenditure on: Charitable activities
| Community centre & recreation grounds Prior year comparatives Community centre & recreation grounds |
Direct Costs £ 83,002 83,002 Direct Costs £ 74,298 74,298 |
Staff Costs (Note 8) £ 58,770 58,770 Staff Costs (Note 8) £ 41,600 41,600 |
Support Costs (Note 5) £ 23,728 23,728 Support Costs (Note 5) £ 26,939 26,939 |
Total 2024 £ 165,500 165,500 Total 2023 £ 142,837 142,837 |
|---|---|---|---|---|
5 Support costs
Support costs are allocated between raising funds and charitable activities on the basis of usage.
Support costs, included in note 4, are as follows:
| Memberships and subscriptions Insurance Printing, postage and stationery Professional fees and accountancy fees Bank and other charges Other staff costs Depreciation IT Software & consumables Other general expenses Governance costs (Note 6) |
Total 2024 £ 312 3,467 332 5,913 219 4,376 1,540 1,280 4,039 2,250 23,728 |
Total 2023 £ 484 3,922 1,109 6,122 240 5,962 3,090 1,153 2,277 2,580 26,939 |
|---|---|---|
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LONG ASHTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
6 Governance costs
| Unrestricted Restricted Funds Funds £ £ Independent examiner's fee - for independent examination services 1,014 - - for other services 1,236 - - prior year over/(under) accrual - - 2,250 - Governance costs in the prior year were unrestricted. Net income/(expenditure) for the year This is stated after charging: Independent examiner's fee - for independent examination services - for other services - prior year over/(under) accrual Trustee expenses Depreciation One trustee (2023: Nil) was reimbursed during the year for expenses relating to travel. |
Total Funds 2024 £ 1,014 1,236 - 2,250 2024 £ 1,014 1,236 - 48 1,540 |
Total Funds 2023 £ 960 1,140 480 2,580 2023 £ 960 1,140 480 - 3,090 |
|---|---|---|
7 Net income/(expenditure) for the year
8 Staff costs and numbers
The aggregate payroll costs were:
| Wages & salaries Pension contributions |
2024 £ 58,068 702 58,770 |
2023 £ 41,507 93 41,600 |
|---|---|---|
No employee received emoluments of more than £60,000.
No Trustee received any remuneration during the year or in the prior year.
The average weekly number of employees during the year was 5 (2023: 6), calculated on the basis of average headcount. The total employment benefits received by key management personnel including employer national insurance and employer pension were £20,912 (2023: £19,440).
9 Taxation
The charity is exempt from corporation tax on its charitable activities.
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LONG ASHTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
10 Statement of Financial Activities comparative figures
| Income and from: Donations and grants Charitable activities Other trading activities Investments Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income/ (expenditure) Transfers between funds Net movement in funds Total funds at 1 April 2022 Total funds at 31 March 2023 11 Tangible fixed assets Cost or valuation At 1 April 2023 and 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 |
Unrestricted Funds £ 55,695 79,134 8,282 35 9,959 153,105 560 142,837 143,397 9,708 - 9,708 16,415 26,123 Plant and Machinery £ 1,938 1,643 295 1,938 - 295 |
Restricted Funds £ 500 - - - - 500 - - - 500 - 500 - 500 Fixtures and Fittings £ 10,419 9,174 1,245 10,419 - 1,245 |
Total Funds 2023 £ 56,195 79,134 8,282 35 9,959 153,605 560 142,837 143,397 10,208 - 10,208 16,415 26,623 Total £ 12,357 10,817 1,540 12,357 - 1,540 |
|---|---|---|---|
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LONG ASHTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
12 Debtors
| Trade debtors Creditors: amounts falling due within one year Trade creditors Taxation and social security Other creditors Accruals and deferred income |
2024 £ 8,878 8,878 2024 £ 3,176 2,204 4,570 10,476 20,426 |
2023 £ 3,268 3,268 2023 £ 6,097 1,546 4,298 2,100 14,041 |
|---|---|---|
13 Creditors: amounts falling due within one year
14 Movement in funds
| Restricted funds REPF grant Parish council Playground Projector fundraising Warm lounge Unrestricted funds General funds Designated funds Planned maintenance Facilities and equipment renewal Total funds |
At 1 April 2023 £ - 500 - - - 500 20,603 2,428 3,092 26,123 26,623 |
Income £ 15,776 40,000 2,208 1,942 500 60,426 139,862 - - 139,862 200,288 |
Expenditure £ 15,776 21,102 - 295 500 37,673 127,923 - - 127,923 165,596 |
Transfers £ - - - - - - - - - - - |
At 31 March 2024 £ - 19,398 2,208 1,647 - 23,253 32,542 2,428 3,092 38,062 61,315 |
|---|---|---|---|---|---|
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LONG ASHTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
14 Movement in funds (continued)
| Prior year comparatives Restricted funds Parish council Unrestricted funds General funds Designated funds Planned maintenance Facilities and equipment renewal Total funds |
At 1 April 2022 £ - - 10,895 2,428 3,092 16,415 16,415 |
Income £ 500 500 153,105 - - 153,105 153,605 |
Expenditure £ - - 143,397 - - 143,397 143,397 |
Transfers £ - - - - - - - |
At 31 March 2023 £ 500 500 20,603 2,428 3,092 26,123 26,623 |
|---|---|---|---|---|---|
Fund Descriptions
Parish Council
This fund represents income received from the Parish Council towards maintenance costs.
REPF Grant
Rural England Prosperity Fund to upgrade the main village hall facilities. This included upgrading the stage lighting to LED, upgrade the sound system and upgrade lighting around the site to LEDS.
Playground
LACA has started a process in consultation with residents related to a program to redevelop the playpark and as such has started fundraising.
Projector fundraising
Proceeds from ticket sales will be used to help fund a new high-definition projector and drop down screen in the Village Hall to be used for future community cinema nights, film festivals & events.
Warm lounge
This fund represents income received to provide a free and welcoming space for anyone who needs extra support to keep warm over winter.
Planned maintenance
This funds is designated for major repairs and renewals.
Facilities and equipment renewal
This fund is designated for purchasing replacement equipment and renewing existing facilities.
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LONG ASHTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
15 Analysis of net assets between funds
| Tangible fixed assets Other net assets Prior year comparatives Tangible fixed assets Other net assets |
Restricted Funds £ - 23,253 23,253 Restricted Funds £ - 500 500 |
Designated General Funds Funds £ £ - - 5,520 32,542 5,520 32,542 Designated General Funds Funds £ £ - 1,540 5,520 19,063 5,520 20,603 Unrestricted Unrestricted |
Total 2024 £ - 61,315 61,315 Total 2023 £ 1,540 25,083 26,623 |
|---|---|---|---|
16 Related party transactions
The charity received rental income amounting to £509 (2023: £Nil) from two Trustees.
There are no transactions with trustees or other related parties other than those disclosed as required by the SORP elsewhere in the financial statements.
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