REGISTERED CHARITY NUMBER: 308326
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
GREENHITHE COMMUNITY ASSOCIATION
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
GREENHITHE COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
Detailed Statement of Financial Activities 11
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GREENHITHE COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2023. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Thetrusteesarepleasedwith2023andareconfidentaswemoveinto2024wecancontinuetoinvestinthe community
centre to ensure it remains fit for purpose and reduces operating costs.
Thefirstphaseofmajorupgradeshavetakenplacein2023tothecommitteeroom,thedisabledtoiletsand the
cloakroom area.
The trustees have already seen cost savings in terms of cleaning and heating in these areas.
ThetrusteeshaveworkedextensivelywithKentFireServicesinensuringthecentrehasrobustfireplansandmeets all
current legislation.
Focus for 2024:
- Increase income
-
Upgrade the toilets
-
Review overheads
FINANCIAL REVIEW
Financial position
At the year end the charity had £40,594 in reserves (2022 - £32,310) .
Reserves policy
The trustees aim to hold at least six months of expenses in reserves.
Going concern
The Trustees currently have no concerns regarding the future of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Charity constitution
The charity is an unincorporated association.
Recruitment and appointment of new trustees
New trustees are appointed by means of a majority vote of the existing board of trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
308326
Principal address
Greenhithe Community Centre
Alexander Road
Greenhithe
Kent
DA9 9HH
Page 1
GREENHITHE COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
G Keeling Chair
D J Mote
Mrs A Ward
R Weller
A Waydick
Cllr L Howes
Cllr P Harman
Independent Examiner
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
Approved by order of the board of trustees on 11 December 2024 and signed on its behalf by:
G Keeling - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GREENHITHE COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of Greenhithe Community Association
IreporttothecharitytrusteesonmyexaminationoftheaccountsofGreenhitheCommunityAssociation(theTrust) for
the year ended 31 December 2023.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarrying out
myexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Claire M Ralph
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
6 January 2025
Page 3
GREENHITHE COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
Restricted
fund
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Community Centre
37,104
10,000
Investment income
2
265
-
Other income
60
-
Total
37,429
10,000
EXPENDITURE ON
Charitable activities
Community Centre
37,145
2,000
NET INCOME/(EXPENDITURE)
284
8,000
RECONCILIATION OF FUNDS
Total funds brought forward
32,310
-
TOTAL FUNDS CARRIED FORWARD
32,594
8,000 |
2023
Total
funds
£
47,104
265
60
47,429
39,145
8,284
32,310
40,594 |
2022
Total
funds
£
42,698
26
100
42,824
44,367
(1,543)
33,853
32,310 |
|
|
|
The notes form part of these financial statements
Page 4
GREENHITHE COMMUNITY ASSOCIATION
BALANCE SHEET 31 DECEMBER 2023
Unrestricted
Restricted
fund
fund
Notes
£
£
FIXED ASSETS
Tangible assets
7
22,414
8,000
CURRENT ASSETS
Debtors
8
3,884
-
Cash at bank
7,396
-
11,280
-
CREDITORS
Amounts falling due within one year
9
(1,100)
-
NET CURRENT ASSETS
10,180
-
TOTAL ASSETS LESS CURRENT LIABILITIES
32,594
8,000
NET ASSETS
32,594
8,000
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS |
2023
Total
funds
£
30,414
3,884
7,396
11,280
(1,100)
10,180
40,594
40,594
32,594
8,000
40,594 |
2022
Total
funds
£
8,362
3,197
22,953
26,150
(2,202)
23,948
32,310
32,310
32,310
-
32,310 |
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon11December2024 and
were signed on its behalf by:
G Keeling - Trustee
The notes form part of these financial statements
Page 5
GREENHITHE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
Act 2011. The financial statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
Fixtures and fittings
- 20% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
|
2023 |
2022 |
|
£ |
£ |
Deposit account interest |
265 |
26 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023norforthe year
ended 31 December 2022.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended
31 December 2022.
continued...
Page 6
GREENHITHE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Community Centre
42,698
-
Investment income
26
-
Other income
100
-
Total
42,824
-
EXPENDITURE ON
Charitable activities
Community Centre
44,367
-
NET INCOME/(EXPENDITURE)
(1,543)
-
RECONCILIATION OF FUNDS
Total funds brought forward
33,853
-
TOTAL FUNDS CARRIED FORWARD
32,310
- |
Total
funds
£
42,698
26
100
42,824
44,367
(1,543)
33,853
32,310 |
|
|
5. INDEPENDENT EXAMINER'S FEE
Inrespectofthe£990(2022:£960)payabletotheindependentexaminerfortheyear,£295(2022:£275)is for
the independent examination and £695 (2022 : £685) relates to accountancy services.
6. STAFF SALARIES
There were no salaries paid by the charity for the year ended 31st December 2023 (2022 : £0).
7. TANGIBLE FIXED ASSETS
COST
At 1 January 2023
Additions
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022 |
Fixtures
and
fittings
£
38,881
30,178 |
|
69,059 |
|
30,519
8,126 |
|
38,645 |
|
30,414 |
|
8,362 |
continued...
Page 7
GREENHITHE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
3,009 |
2,551 |
|
Prepayments and accrued income |
|
875 |
646 |
|
|
|
3,884 |
3,197 |
9. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade creditors |
|
140 |
1,153 |
|
Other creditors |
|
960 |
1,049 |
|
|
|
1,100 |
2,202 |
10. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1.1.23 |
in funds |
31.12.23 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
32,310 |
284 |
32,594 |
|
Restricted funds |
|
|
|
|
Refurbishment fund |
- |
8,000 |
8,000 |
|
TOTAL FUNDS |
32,310 |
8,284 |
40,594 |
|
Net movement in funds, included in the above are as follows: |
|
|
|
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
37,429 |
(37,145) |
284 |
|
Restricted funds |
|
|
|
|
Refurbishment fund |
10,000 |
(2,000) |
8,000 |
|
TOTAL FUNDS |
47,429 |
(39,145) |
8,284 |
|
Comparatives for movement in funds |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1.1.22 |
in funds |
31.12.22 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
33,853 |
(1,543) |
32,310 |
|
TOTAL FUNDS |
33,853 |
(1,543) |
32,310 |
continued...
Page 8
GREENHITHE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
42,824 |
(44,367) |
(1,543) |
TOTAL FUNDS |
42,824 |
(44,367) |
(1,543) |
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
|
|
|
movement |
At |
|
At 1.1.22 |
in funds |
31.12.23 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
33,853 |
(1,259) |
32,594 |
Restricted funds |
|
|
|
Refurbishment fund |
- |
8,000 |
8,000 |
TOTAL FUNDS |
33,853 |
6,741 |
40,594 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
80,253 |
(81,512) |
(1,259) |
Restricted funds |
|
|
|
Refurbishment fund |
10,000 |
(2,000) |
8,000 |
TOTAL FUNDS |
90,253 |
(83,512) |
6,741 |
Refurbishment Fund
TherefurbishmentfundisfundedbytheNationalLotteryCommunityFundtoenabletherefurbishmentof the
community centre.
continued...
Page 9
GREENHITHE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 10
GREENHITHE COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
|
2023 |
2022 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Investment income |
|
|
Deposit account interest |
265 |
26 |
Charitable activities |
|
|
Rental Income |
37,104 |
40,031 |
Grants |
10,000 |
2,667 |
|
47,104 |
42,698 |
Other income |
|
|
Other income |
60 |
100 |
Total incoming resources |
47,429 |
42,824 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Rates and water |
1,431 |
38 |
Insurance |
878 |
1,185 |
Light and heat |
4,930 |
2,533 |
Telephone |
351 |
72 |
Advertising |
101 |
634 |
Cleaning |
13,114 |
15,838 |
Refuse collection |
1,351 |
1,343 |
Hygiene |
1,269 |
1,128 |
Repairs and maintenance |
5,532 |
15,985 |
Computer costs |
809 |
837 |
Sundry expenses |
220 |
105 |
Depreciation of tangible fixed assets |
8,126 |
3,630 |
|
38,112 |
43,328 |
Support costs |
|
|
Management |
|
|
Postage and stationery |
28 |
68 |
Finance |
|
|
Bank charges |
15 |
11 |
Other |
|
|
Accountancy |
990 |
960 |
Total resources expended |
39,145 |
44,367 |
Net income/(expenditure) |
8,284 |
(1,543) |
This page does not form part of the statutory financial statements
Page 11