REGISTERED CHARTFY IWMBER: 1904 REPORT OF THE TRUSTEES AND AUDrfED FINANCIAL STATEMENIS FOR THE YEAR ENDED 31 JULY 2024 FOR HtNCKLEY CONCORDIA ASSOCIATION & Sry Audit(X5 3 Weekley WOCMJ Close Not1hamptot]shir¢ NN14 IUQ
HINCKLEY COIYCORDIAASSOCIATION CONTENTS OF THE FINANCIAL STATEMENTS FOR TItE YEAREIWED 31 JULY 2024 R4)(*t of the Trustees I to 6 Rwt of tkn Independent Audlknrs 7 to 10 Statement of Flnydndal Activtss Balance Sheet 12 Notes to the Fffjlncial Statememts 13 to 21 Detalled StsteAnent of FiDaDcial Actlvldes 22 to 23
HtNCKLEY CONCORDIAA&SOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 The In ptesent their rqK)rt with fuwicial ststenDts of the charity the year eThleAI 31 Jllly 2024. The ttwtees have &lopted the PTOViSiOnS of AccounÉillg and RetIll8 by Chatitics. stat0]l of RecoDellded PA11¢¢ applicable to clwities prepwing their onts in accorthoc¢ WAth the F]wl41 Reporting Stalldard applicabk iti the UK ond Repubb"c of Iretatxl IFRS 102) (effective l January 2019). Objectives and aln The objeclives of the AsK¥ciation. &8 ycRfied in Clausr 2 of the Cot&slithtic4L ate: To promole the llerIt of th¢ inhabitants of Hincw and Ditict by PTovithng facilities for r[CatiOn and leisure-tim¢ activities ill the interest of the social welfare of the stiid iThlbJbitsnts with the object of improving their condition of life. To establish a comnunity centre including a thea and Oth facilities and to mainlain aud the {tre foi aLivities prolltedbY the A&weiion alld its constitu¢nl bodie5 in fillthernllce of the above Ob arKI To adva the eduotion of the inhabitsuls of the area of Ixnefit in aDy mantw 1th is consistent Wtth the ale objects aTrJ in any mmer which Jjow is or hekn may be deemed by law to be charttable. Please see 'Review of &thievetn&ts and [rforManCe for th¢ y¢aff for the Publtc Benefii for the inlthilants of Hinckley. In plannitig ow adivities for the year we kept in miTrJ ts Ckrity Conullis guida1¢ on public benefit &t ow InLSte¢s Mling& The Hinckley C(wtdia As3ociation h&8 Iwl anots succasfjjl year, financially and in tern of the quality of pmductions. Tluougl¥)ut the y¢ar. the theatre team workql hard to maintain a dtv¢rse and engaging ptogtamn for th¢ I( comnlty. The sean wel¢omed 389)7 patrous act05s 15 dIffellt featijring 122 wfonnau5. These iticluded14tge-se musical4 pky4 ptomIn. (4)erns. &8 well as live nwgic and dance evo) H1th safety remained a ts)p wiority. with licIeS and pr(Kedures 18 regdarly review to ensure tlw remai effective and up to dat. Front of House and technical portKipaied in regular refreskr tsainin& while additional The th¢atr¢ aig) undoknk significani building maintenance. including the tnstsllalion ofenepdy-efficient lighiing. Tha¢ imprOvemtsweTeI)att ofthe overall plan to maintain and entw)ce the facility. As a vilal part of the comrrity. the Cowordia TheatsE IKksted a tange of preseTJtations arwj guided for grow)s such as Scouts. WomeD'S IDslitute4 church and school group4 and seni<r ciliZE. OUT popular open morning during the pjntomime in January once again attracted tDaDy visit8 attd offernl a glim[ Ixhind the SC¢ of theatre production. We are dwly grntethl for the Camlinu support from individuth, grow ISineSseS, a1 exlernal or1zationS thr{g generous donations and fimdraising efforts. Additionalty. we teceivgl b4uests from the tstsles of fornr which are gready appre¢iateAL Ibc Hithy Conc018 Asswiation Wld like to tlth everyone who has contsibuted to its SUCC and contiDues to sVp)rt the theatre in V1(JS ways. Inveslm¢Dt lIcY and objectfves charity colltinues to l¥)Id available c&8h reserv¢s in inslant acee&8 cutrfflt accounts. The TnLStee5 have Ien unoble find an instant acc lnt which provides a t*tteT rnte but this will eontinlle lo b¢ nx)nitored oll aD ongoing b&8iS. Page I
HllYCKLEYCONCORDIAASSOaATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 financial show reserves of £8570245 (2023: £8.540J35) and Rxt for the yeat of£29.910 (2023: £17.(X)9 net exjA.re). Net cutrent assets of£299216 (2023: £276.443) were Ild at the year en(L FUTURE PLANS Following inttial c(KresndeOee that bad citculated to societies and departsnents in the PTCVIOUS finla[ years to obthin views and with regarth io the l¢asibiJty to refurbish Ihe maill aWjitIum. A tam of volunteas have now been put together to nKJve Ihe project fotward. Key Con][ts of Ptoiect 2030.. l. Seating Rq)14cement: A priority will be to enhance patron comfort by replacing the ewrent sealing. 2. Inwved Accessibility. The is to provi(k level act£&s to the frort of & auditotiunL ittyoving disabled access from the foyer level. 3. Heating andVentila¢ion System Upgrade: R41]aciDg the outrJ&ted systan to improve Comfort and efficiency. 4. Enablin8 Works". . R¢llv of asbestos frollk &building% fabtic. . Relocation of electsical spPlieS lo acco]n[Doe the refiubishmettL 5. knchitect Li)gageJnent: EnIDg with ao architect in Decem 2024 to belp nK>ve the projett forword atxl d)tain T1]ne alNext Stcps". - DeLber2O24. IAunch of Pmject 2030 WIth atLhiiLft's eagnt. - Futhisin8: FuDdraising effo for tk project will gi s(M)n after the inÈtJal engagem(Ikl. woittt has Governing The AselatiOn is governed by tho ¢OD5tiluts"on thpled on 21 May 197.1 athl ameth on the 21 Octoixr 1996. 27 September 19YJ. 15 (ktober 2(YJl. 26 o¢ld 2(K)9. 19 Novenknr 2012 8Th18 Noveml 2016. The A8Ciation ts an The aFpolntnI of TnLSte¢s is govern by coL8titulion of ihe Charity. The Board of T. wbo constitute the theatre coutKiL aff a]tl¥)[i to aFP)int new Tnkn kn fill va(Yncie5 atising throu8h the resign&ion or death of any Tet.
HINCKLEYCONCORDIA ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ErDED 31 JULY2024 Tnkn aTe apP)lted to hold the title of the pr(¥aty on tehalf of the Asgxiation (Prqty TnLsÉees). The Th co¢11 is the exeLvtive iY of the te5ponsibk for managiTrg the As%)ciion's aff2ir& The membets of the Theatre Council (Charity Tnkn) are: The oleets of the Association (Chairn) Seudary and Treasurer) b¢wg elected anttually by nlenknets of the Awiation at the AG Nine other voting mem serve a three year t¢llD. three t¢ing eknted atmually by of th¢ A&s(l&ll0n at the AGM. The chaIrn and Viee-chairman of the LAai9Jn Cortllllitt¢¢ (EX-010, votillg). The I¥opoty and Holding Tnths are eotilled to atte] Council mediogs but are non-V(rting. The Theatre Liaison Coll111¢¢ is a consultative Ix)dy cThts1iDg of )MI rqese[ttlVes ftom Theatr Council and from all theatre deFknts and affiliated srtietie& Detaib of all Officers a1 TnLStees ate given on pmge 3 of th¢ ruwla1 statements. Induttlots axd trakning of neT¥ tntee$ New Ttee$ have generally iwi part of knlatiOn tor a teasonable length of lime atyj are generally awaTe of the ba(grou1 and the athriWs obiectiYe& A briefing ck is ptovi(kd new TnL8tees. All Tte£S httv¢ wthgone appropriate financial checks and DBS checks. 501904 Concordia Theatre Slo¢kwell Head Hitickley t£icestersbire LEIO IRE Page 3
HINCKLEY CONCORDIA ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 Trustees Offer5 of the AS•0n. Mr W Hare Miss D J Hewitt RG]admaL Mr J Fisl Mrs J A Hawkins J A Peatfield Mrs C Pitt Mr I Shipley Ms Z E Stokes Mr J Hili Appointed Ol.01.24 Appointed 01.01.24 Miss D J Hewitt Mr M Jones Mts J A P¢atfield Mrs J M Iwhitby Mr M TJ Walker Pmpety ttijstee Propety ttustee Mr J Lk)yd MrJHill Mt J Lloyd AwK)inted 01.01.24 Ceased 01.0124 csed 01.01.24 & Statulory Audilors 3 Weekley W(x)dC1¢ Kdteting NN14 IUQ BaDkers HSBC 10 Matket Pla¢r Hin&ley IEIO ING Infotmation relating to ev1$ since the end olthc year is given in tbe noles to tbe rjllancial slatemeuts. Pw4
HINCKLEY CONCORDIA ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 The Hittckley CoDcordia Association llects and hold8 money from tickei sales oo bel)alf of Son of the external hirets wkn fat th¢ Iheatre. Details of any such hirings aR give in 19 of the fiDanciai statanents. The clmrity has t used any professional fia th]ring the year. wilh fid[aiSIng being Caled out in how¢ wIre it can be monitored appropiiately. As the cljarity Dot 14Yjt by aoy voluntary scheme for regulatiD8 fithi&ng oll behftlf of the charity. There were no cotnplaiuts received by the th&ity or any 8clin8 its behalf latIllg to the fillthiqing liVitIeS of the charity dwillg the year. to the nattwe atyj SLX)pe of the fimdraising by Ihe thatity theff was w unreasonable inlrusion into vulnernbk people's privacy. nor unreabfy pusistent I0&¢he8 for the putFW of soliciting money on behalf of the cb&ity. DLSIGNATED Fifft4DS The d&8i8nated fimd was to financ¢ the installation of li114 for disablol access to the auditorium and upper parts of the tIt& This project is now complete and the balance on the r¢presetsts tbe netbook value of the insfallatio VOLUNTARY HELP The formal accounts include ail monetsry (taCti(S but the value of Ihe time and efforts of the unpaid volunteers who suwort the wotk of th¢ Associatiou is not quantifR41 The theatse is staffed aod maintaAnoJ eI[¢lY by Volunt in a thoroughly pmfessional rnatllr for both amateur andptofE5sional perfolltmncas. The AcIatiOn doas not put a monetsry measument Oll such contri1Attio8 but feel it appropriate io acktx)wledge the commitment and help in all the A581xiation achieves. Members of the CEIty, who are TnCeS for the purp of chlty law. who durlng the year and up to the dale of this report ate setout on page 3. TRUSTELS llyDEMNy ll¥4SUWCE Dwmg the year £975 {2023.' £929) was paid for indemnty insutance in respect of TnLSt£es, Officu5 and all within the theatre in a nwent rol¢ for tbe ld covering l Aiyst 2011 to 31 July 2024. The insurauee w&s for a level of £2 million. DISCIA)SURE OF tNFORK4TION TO AUDITORS &) far &s the T¢¢5 are awa. There is no'r¢levant audit itifomjalion, of wbich Ihe charitys auditm are utsaware. and tlw have taken all the steps that they ought to hav¢ laken as TnLStets in order to make themselv¢s awwt of ally leval alIt infotmation and to eaab]ish that the clwitys awlik)rs aff awate of the infonDatio sTATEMll OF TRUSTEES, RESPOY4SIBiixrEs The are respnsible for prep&ring R¢p(Yt of the Tne and tbe fu1¢ial statements in accordance with applicable law and Unitsl Kingdom Accouthg S¢aDdards (Unitsl Kllwdom Gelletally AcceptedAccountsDg P[&ICe). Page 5
HtNCKLEYCONCORDIAASSOCIATION REPORT OF THE TRUSTEES FOR THE YEARENDED 31 JULY2024 STATEMENf OF TRUSTEES, RESPONSIBILITILS- coDlinued law applicable to charitie5 in England and wa Ik. ClwÈties Act 2011. Clwity {AccouDts 8nd Repots) Regulats"ons 2008 and the PTOViSiODS of the It deed requir the to ptcpaTe financial ststements for each fiTwKial year which give a In and fait view of thc slaic of affairs of the cbatity and of the incon)ing r[2)u atKi applicatioll ol resource& including the income and eXpdih4 of Ihc thatity for that PUilKL In preparing 1kn8e fin8rKial statallents, the tsustees are rquwed to ect suitable aecounling lICIeS aud then appty them Consisttty. observe the method$ and piinciplcs in the Charity SORP; make judgements and estin]ates tbat te4sonable andpn¥lent. prepare the financial slateJrnts on the going concern basis unless it is inappropriate to presume that the cjwity will continue in business. The Itee5 ate Tesyonsible for keeping prop accuU]ng reconls which disclose with reasollable acwracy at any time the financ1 p)sition of the charity and to enable them to that the financial statements compty with the Charities Act 2011. the Charity (Accounts and Rey)tts) Regllla¢i(MLg 2008 al the provisions of the ded They are also reSpolIe for safe8dIng the a&sets of the clwity and he fur taknng reasonable step5 loi tbe prevention and dete(ion of fra1 and other intgUI1lie& ¥...¥ .loLf.. andsigned on its IKhalfty. Approved by older of the board of trtL8tees .......... . Mr W A Hare- Trustee
REPORT OF THE INDEPENDE AIJDITORS TO THE TRUSTEES OF HtNCKLEY CONCORDIA ASSOCIATION We have audited the financial ateDl of Hiwkky Concordia ACiation (the 'clwity} for Ihe year ended 31 July 2024 which ciwprise the Si4t¢menl of Financial Activitie4 the Balance Slet and Th)t&s to the financial statements, Includi a surnmw of si8nifieani accounting policies. The fumnctaj [qing franewrt thal has been aR)lied tn their prepation ig appjicabk law al UDitaJ Kingthm A¢4x4 StaThJanb (Unit&l Kingthm Generaity Awted Accountmg Pwtice). In our opillion the fin8ncial staÉements.' give a tn and fair view of the state of the ¢Trls affaiTS a8 at 31 Juty 2024 and of its incoming rasoum and 4wIiLM)n of re&x)u. for the year then eThJed. . have been prolyp[Cpa[ed in accordance with United Kingdom Generally AcLx)ted AetouDlit¥ Practice" and . Imie been prepa1 in ¢(dance with the ofthe Cl)arities Act 2011. BasL8 for We conducied our audit in accordance with IDtemational Slatxlarth on Audilwg (UK) OSAS (UK)) and applicabk law. Ow responsibilits£s under those standards are fijrtber desLYiI)ed in the Auditors, reSpbIlItieS for the alt of tbe financial stateMts section of our report. We aT¢ in(kpendent of the chlty in 0rdae wlth ethical re1p1reDts that are relevant to out audit of the financial statements in the UK induding the FRCS Ethical St8nd&Q and we have fulfilled our otber ethical rasp)nbilItieS in accorda with these requirements. We believe that the audit ev1(kne we have obtained is Sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to gollry concern In awliliog the fina18] statements. we bave coluded that th¢ Itustees, use ofthe going concaD basfts of accomIllg the prepardtioll of the financial statements is apwopriate. Bas1 on the woth we have forme{L we have tdentifwl any Materi tainlIeS latill8 k) events OT C(ynditioftL8 thaL individually or collectively. may casl significant on the Charilys ability to eoDtillue as a going concem for a of at least twdve ny)nths from when the [181 thtenThts are awhorised for iswe. sections of thi's teport. Other infornatlon The tn are res)n81b1¢ for Ibe other inf0rn)hti0 Th¢ otlKr information wmwises Ihe infOll1 incIled in the Arnual RetW other than the financial sthtements al ourRq)ort of the Iteknt Audit(Ys thell. (kn opinion on the finarKial ststellKDts does tKJt covet the o11 iDfonrntion atxl excepl lo the exteDt otheiS¢ explicitly stated in our repor¢ we th) not exp$ any forni of conchL8iOll thereon. In CortiOn with audit of the financial statement4 (wr reSpibIlity is to read the (yther infolltiOn an4 in (k)ing 80, C4)nsider whether the other infixmation is nmknially In)nSiStent with the finat)ciaJ statements OT our knowledge aPP¢t material misstst¢menty we atE required to del&inine whether this gives rise to a matetial mt&slat¢DX)t in the financial statenMts themselves. If, based on the Twotk we bave fOne4 w¢ c(Clu& that tlre is a tDatetial misstat of this other infornt1O we are r]red io rw that facL We have nothing to rert ill this tegar Matten on which we aty required to report byex¢epthoD We have >thIng io rert in of following nmtters whue the Charities (Acwunts and R) Regulations 21M)8 requires to [¢tt to you if. in our opinion: the infornmtion given in the RqM)rt of the Tnjstees is incDnsinl in any material resF¢cÈ with the fill11 ststemeft]L8' or sufficient ac£ount18 reL¥)rds have not ten kepL or . the fmao¢ial ststemeuts are not in ant with the accouoliog rec(*ds and returns" or bave rettived all the information explanations we require forouraudit. Page 7
REPORT OF THE INDEPENDENf AUDfroRS TO THE TRUSTEES OF HtNCKLEY CONCORDIAASSOCIATION Rwsibilities of trustK4 As explained ny)re fully An the Statement of T[steeS, Rwibiiitie4 the tnle¢S are respo&8ible for the preP10n of the financial statements vAu'ch give a and fair view. and fi)r internal con¢tol as the tsu8tees deterniine is necessw to enable the pretIon of financid statanenL8 that are ftee from Materi mithtemo)L whethtr due lo fra1 or t. tn prq)ari Ihc fJDaDC4al StsteTrts. the ate RstK)Th8ible for a&sIllg the clwitys ability to conlinue as a goit)g concern. disclosin& as applica)14 niatters lated to going cotrffli using the going cowetTh basis of the trustees either intetml to liquidate the chlty or to cease operntions, or have no reaJi5tic altanative l)ut to (k> Page 8
REPORT OF THE INDEPENDENT AUDrfoRS TO TRUSTEES OF HINCKLEY CONCORDIA ASSOCIATION Our responslbllldes for the audit of the statemellts We have been app)inted as auditors under Section Im of ts Chatiti&% Ad 2011 and rqjort in act0rd0C with the Act and relevant regulatioDs nwde or baving effect theth. Our objective$ ate to obtsin re&gonable assur ai)(MJt whether the fiDOnCiAI statemeots &s a whole are free fro material misstatemenL vthether due to fraud OT etror, to i8sue a Report of the Independent Audilors tIMt includes o opinÉon. ReH50nable assurance is a high level of A&sufdnce, is not a guarantee that an audit conductd in aceordanLf with ISAS (iJK) will always det a mat¢rial mi&statematt wkn it exisL8. Misslatellmlts eall arise from frnud or ffny al are considered material 1£ individually or in the agwate, they C{Ad reasonably be eXcted to influence the econorric decisioos ofusers taken on the basi8 of these fmancial statemeDL The extcntto which (yjr procedwes are cwbk of detecting irregulariti4 including fraud is detsiled below: t1 design and perforn) audit proced re8FnSIve to dM)se tisks, includAll8 obtainin8 audit eVidee that is sufficient and appr(yriat¢ to provide a b&8is for our (yiDion. identifyffing and assessing risks of nufrrial in of IgU18[111¢s, incknding fraud 8tMI non-complian(t with laws and resulation4 we consider the folk)wing: . the nattllE of the industy and sector. control environment and busine&8 txrfotmance. - results of our enquiries of management and those charged with W)vernal about their own identification llnd 8&8esstn¢Dt of the nsks of IalItie - any matters we identified having obtained andwiewed the Charitys arntion of their wlici¢s and procekn reiatiDg to.. - i(ntlg. ev&lu8ting and complylng with laws aJLd regulations and ther they were aware of any instances of non-compiiallc4 - deltillg alld r¢S)nding to the iisks of fradalld vAthertlry have knowlalge of auy acw suspected or alleged ftau4' - the internal controls established to mitige risks of fra1 or non-complithoce with laws and regulati . the mpltters discussed among the wdit engagement team and itlvolving other members of staff requirlng (x)nsu]tation re8arth.ng bow and where fraud n) occur in the fitwicial StatenlS alld any potential indicators of fraud As a ffsult of these pmce(kn4 we 0)nSider tIK oppothities and inceDtiNrs that n)ay exist within the orgallisation for fraud In collllnon with all audits ll[ ISAS (UK). we Afe also required to tth sp1C pmcedw to res to the Ti* ot management override. We also d)tainal an UndendIng of the Legal al Rguknry franmvorks that the Charity operates fo¢illg on provisi(S of those laws and reatiO that have a direct effeet on the detern)inatson of nwterial amounts and disclosures in the fmancial stateFllcnts. The key laws ajyl regulatK)ns we considered in tbis context included the Fill¢1a1 Reporting Stsndard 102 'The KeEning Standard appli(abk in the UK and Republic of Trel8nrf (UK GAAP). Chatiti¢s SORP (FRS 102) and t&¥ legislatio In additioffj we c(M)sidered the provisions of other laws atMI regulations that do not bave a dIrt effect on the financial slatell Ixrt con]pliatKe with Mthich may be fidamtal to Charitys ability to operate or to avoid a material Audit response to rnks identified As a result of pttfoAming the akne. our pr(th to rwd kn risks idenlified included the following.. . reviewing the fmthncial statenmit dIloSUreS and testing to Supporti thetatIott to 858¢SS LX)mpli8nce with provisi(ts of relevant laws and regulations dexribed as havtng a direct effecl on Ibe fitwicial statetllents. . ellquirillg of m8¢ent and those chat8ed with governw CO actual and potential litigation and dainK8" - petfonw analytiC21 proced1 to identsfy any unusual or unexpeLled relatich1pS t1 may Itlc& risks of
IIEPORT OF THE INDEPENDENf AIJDTfoRS TO THE TRUSTEES OF HINCKLEY CONCORDIA ASSOCIATION material misslatellt due to fra alld and other aljIllnts" a&IDgwhe1hcr tk judgements Dmde in making aco)uJ)ting are indicative ora poterjlial bias" alld evaluating Ihe business iationaie ofauy significant tran(1 that or outside thL" We also cOnu1¢*1e Telev idenlified laws and re8u]ations and tthrtial fra risks to all fflgagement tea manbets. atKI Ten)ain akrt to any indications of fraud or non-cowliance wilh laws and regulattons throughout the audiL fiom knial transactions, th¢ k5s likely it is that we would lEc0D aware of nonwCOl1ae. Audikng stsndards also limit the audit prcthkn [1red to identify nonrycompliance with laws t¢tIO$ to ¢wuiry of the trtffs and otlw manwt and the iDSpection of regulatory 8Ni le8a] cotteswn(kncq if any. dehl)ernte c(xKeaEllKntor collu8iO Council¥ website at wwW.frc.o.klaudllowon$1lltiL& This dlpIIo fonns part of our RqKXt of thc Uge of our This report is made sokly to the chaTitys Inistee4 as a b(Mty. in accordanLf Witb Part 4 of the awities (Accounts and Re[> RegulatioH$ 2(X>8. Our audit Work h&s been underfakth so that we ffjigh¢ stak to the charity's In&ees those mattths we Jre tequired to stste to them ID an auditoTh' report and for no 011[ pwpK)se. To the filest ext¢llt pern)itted by law. we do not aLYept or a&8UttLe reynsibility to anyone Oth tlwi the dwity and the cbarity'8 ttustees &8 a body. for Iw audit for this retrt)t( or for the q)iDiI)DS we have fornieAI & statVry Auditors 3 Weekley Wood Cl( K&lering NNI4 IUQ r...&....10lf Page io
HINCKLEYCONCORDIAASSOCIATIOIY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEARENDED 31 JULY2024 2024 Total fuDds 21Y23 Total funds UnrcstrACtal Restricted Nofrs INCOME AND EIYDOWMENPS FROM th)nations and legae8 117999 117999 106.731 Ots lrndmg adivities InvestDMt Income 241.670 241ffi70 187.672 1249 Totsl 362,623 362h23 295.652 61.772 61.772 50.085 Clwitwbk activlti FTonl of House AlitOriUM 24,773 2&119 221,049 26,550 22,503 213,523 221.049 Total 331713 331713 312,661 NET INCOMEJ(EXPENDURK) 29JlO 29910 (17,(K19) RECONCILIATIOI¥4 OF FUNDS Total b¢ou8bt fonvard 8,54lJ35 8557,344 L570245 8570245 The notes fonnpart of tbe8e fllmnciai stalenKnts Page li
HtNCKLEY CONCORDIA A&SOCIATION BALANCE SHEET 31 JULY 2024 2024 2023 FED ASSETS Tlbk ats li 8271,029 8263,892 CURRENT ETs 12 l3 2.481 29219 275,446 Debtors Cash at bank and in hand 3111026 354.q24 307.146 Attuts falling duc within one year 14 (55J08) 130.703) NET CtiRRENT ASSETS 299316 276.443 TOTAL AWTS LESS CURRENT 8J70345 8540.335 Nrf ASSETS 8J70245 8540.335 16 UnTestticled funds". General fimd Revaluation Selve Desigtiated fund . Lift project 1389.71 Q803.002 477537 1259.796 6.803.(X12 477.537 8J70245 8540335 0345 8,540J35 statements w¢ approved by the Board of TTr and authoTisaJ fr IS on ..laLf.......... and were SI on its belmlf by". Mr W A Hare. Tne¢ Mr R Gladnmn. Trustee The Thots fotmpart of t1 financial statements Page 12
HtNCKLEYCONCORDIAASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2024 ACCOUNTllYG POUCIES Ba515 of preparimg the finMia151atements The fmancial stste1 of tk" Chlty. which is a b]IC lfit entity FRS 102. bavc been prepared in accordance with the C1wit SORP (FRS 102) 'Aco)ullliDg a1 Rq by Clwities: Statement or R¢ting StaudaTht applicable in the UK and Republi" of trejand (FRS 102) (effective l January 2019),. Financial Reportmg Stalld 102 Tr Financial liqxty Stsndard alICable in ihc UK a[ R•lic ol trelaThl' and Charities Act 2011. The finala1 stsknllents have been prqled under Ihe histor1 cosl Conventio as llK)dIfbY the revaluation of LTrtain ats. Income All Incon is re¢J)gnised in the Siatemcnt of Financial Activities once the Lknity has eD(itlcmtht to the fund4 it is probabk dmt the iucom¢ will be received andthe atD)unl L¥llbe meaSre11abty. ExpeMdi¢MTe Liabilities are reco1¥ed as eXnditUre as SOOD as is a lega] or con8truclive obhwion COmTWttiDg the cbrity to that eXr¥"trc. il is probd)k that a of econo t<nefits will ix requi1 in ttieDxnt and the llvt of the obligation can rneasUr liablY. Exlle is aLyOu for on an acwls basis and IHS been d&sifi¢d ladipgs thal 4ggre8ate all (y)st Eeiated to the <tegory. Wlre costs canrmrt be ditectly atiributed to headw ibey bave been allocatej to ltIeS on a basis CODsislent with the use of Debtors Lkbtors receivable within one year are measurd at tratt8action ptice le atiy it4wirnt low for bAd and doulrtful deirt& IK)ans and otlr financial assets are initialty at transaction price and thsequently nSUr &t anlSed cost deteIlled Ing the internt nilrf IS any impairn]ent lo&w for b{ arml (knbtfill debts. Any losses arising from impaument are Towised in the profit aod loss account. Creditots payable within one year are rnured at transaction WILY. Loans and oilw financial liabilities are effective inlerest metho AlkncalK•n and apporllonthent of t05ts SuNK)rt costs are those kncti(S that assist the work of the chlty Ixrt (k) dirrdty un(krlakL chaTitable aclivilic& Suppxt Costs inc]uth back office CO y1& and govenwiLf COSt& Th¢se aists have alkjcated TaDgthle fixed &wets are ]lIlIY M[Cd at cost and thquently nasd at cost or valuation. net of (4)rec410ll atsj any iD4)ajent losses. C(t loc15 (brecty attrbutaNe to &t capable of opttating &s inlended. Taugibk [d assets o)sting £250 are capitalised at cosL the vatiOn of the properties are sbowD in the stalent of financial aclivitie& The trS Ihus w81der that the lives of such freeknld land and buildmgs and their vahu are such that any dwiation charge would be insigmfiL*llL cirCUll indicate tknt the callying value mty not be cOveb1e. Any itnpairni in the value of t freehold knd al builthngs will charged to tke statement olfinancial activilKs. Page 13
HINCKLEY CONCORDIA ASSOCKATIO NOTES TO THE FINANCIAL sTATE1- continued FOR THE YEAR ENDED 31 JULY2024 ACCOUNTING FOIICILS. conthiued Stocks are valued at the lower of cost and Det realisable val. after npkiog due allow81¢ for obsolete and slow moving item Ttion The chatity As exempt from tsx on its cjwilable activities. Fund xcounting UDtricted fiuKIs can k used in )rd with the charitable objectives at the discrelion of the trste¢s. Deswted are those set &side by out of u[tried fillKls for specific future purpo. Rethicted tuods can only be uscd for particular T¢stsicted pUEv) wilbin Ihe obj.ects of the clwity. Restsic*icK arise when specified by donor otwhen fijftmls are rai1 for part1cularr(stsied pulp0. Fth explatIOn of the nature and pMrM)se of exh fill ts illclth in the notes to the fitlanthl Statell. Donated profelOnal sovic£s are recognised a5 incgxne when CeIpt of economic bcncfit from the use by the rity of the itfyll is probablc a[ that ecOlC benefit call be measuted reltably. In accordartt with th CharAties SORP O,'RS 102) general vohmteer time is recoguse4l arKI Icfcr to the trSteeS, atmual TeiKTI for twte Inf(oll about tlleir coulTilwtion. On receipL Prof510nd1 SvIceS recoguixd on the basis of the value of the 8ift to the clwity, which is the amount the charity would have I1 willing to p4y to obtain services of qllivalent economic Ixnefit on t open a correSnding amount is t1 tecognised iti expenditur¢ in the petlod of tEC¢ApL Governnkent grnnts Governmeut gtaDts ate recognised when it is reable to ewt that the Trill be received atKI that all related conditions will be met, $IlY on submission of a valid claim for payment Grants of a revenue nature are credit1 to iOrne as to matcb t11 with the expenditUTe to which dyrelate. DONATIONS AND ILGACIES 2024 1.016 9.IX)7 10.061 26.052 18.(MX) loo 21255 289( 21.775 Concortha AOS Youth Theatre È li 3JlO 19.130 3.025 1455 2.130 8,834 Guild Stanley Owa Manlkrship donatt'oDs 4.769 2.159 2937 3,640 13,784 5.751 139 Gift Aid 429 117.999 1ffj731 Page 14
HINCKIIY cONCORDIAAocIATIoN NOTES TO THE FINANCIAL STATEMENTS. continutd FOR THE YEAR ENDED 31 JULY2024 I)ONATIONS AM) LEGACILS. conlinmed 202A 117,999 117 106.731 2024 2023 Bar sths Refreshment saleg Hire cl]ar Swiety ticketprillting Memittship subscTiption5 Box office 8Q766 55,704 -,007 59.977 49.972 38JlO 6,149 19.651 13.613 22991 241.670 187.672 2024 2023 Building lety interost 2954 1249 2024 2023 61.772 50.085 sts (see note 7) Totals 4773 25.119 214.134 24.773 119 22l,Q49 Front of Ho Auditorium 6,91.5 264.026 Q915 270,941 Page 15
HINCKLEYCOF4CORDIA ASSOCIATION NOTES TO THE Fll¥lANCIAL STATEMENTS. continued FOR THE YEAR ETr4DED 31 JULY 2024 SIJPPORT COSTS Governance costs Auditorium 15 Supwt c4)sts, induded tn the abov4 are as follow5." 2023 Total activities Auditorium 6915 TRUSTELS. REmRATION AND BENEF113 There were no In, remuneration or ottr i*nefits for the year a¥Jed 31 July 2024 nor for the year ended 31 July 2023. The aggate amounl of eXL$eS reimbu to tsu8tees thing the yw was £EJil Q023: £DiI). tkning the year £975 (2023: £929) was PKi for indeDmity insuTance in of tnLQett. offiLYS and all within dle ina manag1 D)k. ThL' Insur p)b'cy has a coverdge limit of £2 milliotL srAFF COSTS The ave llKJnthty nuth of staff ernoYed by the (Iwity during the year w&8 nil (2023: nil). With no slaff there were no enjployee costs during the year (2023: nill io. Unrcslricted Restricted Total Donations alld legacies 106.731 106.731 187.672 1249 187.672 1249 Investhl income 295,652 295.652 EXPENDITURE ON Raising fjjnds rltable a¢livlti¢s 26,550 21503 213.523 26.550 21503 213523 Fiont of House Auditoriu Page 16
HINCKLEY CONCORDIAASSOCIATION NOTES TO THE FINANCIAL STATEMEhryS. conlinued FOR THE YEAR ENDED 31 JULY 2024 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVMES. tODIiDwed Unraltictcd Restricted Totat fimds Total 312,661 311661 (17.(} (l7,l9} RECONCILIATION OF FUTrIDS Totsl fimds Ixought foThvard 8,557,344 8,557J44 8,540.335 Fixtures Freehold fittings Totals C(AST At l Aiigi]st 2023 Additions 174mO 78&218 32237 0.141) 8961Z18 32337 (1,141) At 31 July 2024 8.174.000 819?14 8993J14 DEPRECIATION At l August 21123 Charge for year Eliminated disp)sal 698.326 24J73 (414) 24?73 (414) At 31 July 2024 722385 14ET BOOK VALUE At 31 July 2024 174,01)0 97,029 8271,029 At 31 July 2023 8.174.(K>O 89.892 8263,892 tn the year ettding 31 Juty 2022 building5 wae valued by Battett CO and Harrington Limited (RICS) for insutw putwse5 at £8.174.OQKi on a replacanent cost b&sis. The historic cost of the freelx)Id land and buildiDgs is £1.370,gJ8 (2023: £1 J70,998). Page 17
INCKLEY CONCORDIAASSOCIATION NOTES TO THE FJNANCL4L STATEMENTS. conlinmed FOR THE YEAREIYDED 31 JULY2024 IL STOCKS 2024 2023 3.&52 2.481 11 DEBTORS: AMOi)Nfs FALUNG DUE wrrHIN ONEYEAR 2024 2023 Trade debtors Other deblors 1250 8,150 19.819 13ffi48 42,846 29.219 14. 2024 2023 Trade edItOrS VAT 7,462 1.449 2.105 2Q545 liJ18 AItDJals and deferred Itlme 14,792 30.703 I& ANALYSIS OF NET ASss BETWEEf4 FUNDS 2024 Total 2023 Totsl Unrestricd Restri¢d funds Fixed assets 8371JI29 354,524 (s5J> 827L029 8263,892 307.146 (30.703) Clwrent Itabilities (S5J> 8570345 8570345 8540J35 Net ny)vemt At 1.823 31.7.24 Unrestricted fuRds 1259.796 803.002 477537 29910 1289.706 Revaluation rese¢ D&%igiwted fuud- Lift wojecl 477J37 35 29910 WO245 &540J35 29910 8570245 Page 18
HINCKLEY CONCORDIA ASSOCIATION NOTES TO THE FINANCIAL STATEMET4TS- comtinlled FOR THE YEAR EIYDED 31 JULY 2024 I& MOVEMEf4T IN FUNDS. conlinned Net nK)venxllt in in the above ate as follows: Incoming Resources Movemart (33L713) 29910 361623 (331713) 29?10 Conyratlve5 for movement in funds Net movcment At 1.8.22 31.7.23 GeDetal fill 1.276.805 6.803.( 477.537 (17.IX)9) 1259.796 6.803.(X12 477537 DIgnated fimd. Lift project 8557J44 (17.009) 8540335 8,557,344 (17.CK19) 8.540J35 Cowtive net moverLKnt in fiuth. in the abov¢ &5 tollows: Incoming Resources Movement UDrestrirted funds General fimd 295.652 {312.1} (17.009) 295,652 (3 l2.(rf)l ) (17,1K19) Page 19
HINCKLEY CONCORDIA ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 JULY 2024 I& MOVEMEIYT IN FUNDS . continued AL11ye8T 12 ujontkn andwioTyear12 coll1j1 p)siti is as follows: Net movement At 31.7.24 At 1.822 Unrestrkted fumds Genetal fu1 1276.805 6.803.002 477537 Il901 1.289.706 6.80.1.(K>2 477.537 tksigwted fu1. Lift wiject 8.557.344 11901 8570245 8.557.344 8570245 as follows: Incoming resources expendcd in fill Unrestricted funds 658.275 (645.374) l1901 658.275 (645,374) 12.901 The project fiwd was to finawe iDstsllatioD of lths lor disabled access to our auditorium alld parts ofthe theatsE. 17. REL4TED PARTY DISCLOSURES There were no related Party lTrnsa(kn for the year endcd 31 July 2024. I& POST BALANCE SHEET EVENTS A bas Ixen submitted at value of apwoxillthly £550.IJ)O after the year-end Tegarding a eslate left to tk clmity.
HtNCKLEY CONCORDIA ASSOCtATION NOJES TO THE F]NANCIAL STATEMENTS. conlinued FOR THE YEAREJYDED 31 JULY 2024 19. A&SEVS IIELDON BEHALF OF OTHERS The clty hold% futth m a sepe bank aunt for the receipts from ttht sak5 on bthalf of the external The anmnt held at Ik year end w&8 £56.347 (2023.. £322801 Page21
HINCKLEY CONCORDIA ASSOCIATION DETAELED STATEMENT OF FINANCtAL ACTivrriES FOR THE YEAR ENDED 31 JULY 2024 2024 2023 YCOME ATID ENDOWMENrs Donatlons lyles 1,016 9.7 10.061 26.052 18.0 3.3lO 19.130 3.025 1455 11.io 8.834 3.282 429 Tinhatters &1 213SS 28J)6 2L775 Pantomime Concordia AOS Youth Theatre (iuild 4.769 2J59 2937 MemlM5hip donations 13.784 5.751 139 Gift Aid 117999 106,731 Other tradlng acdvll Bar sales RefreShlllt sales HI chargc5 &)¢iety ticket Inting ,766 5&704 59.977 49.972 38.310 6,149 19.651 13,613 22991 Box office 241ffj70 187.672 Inv&stment iDcon Building Society interest 1249 T(*al incoming reSoUe$ 295.652 Fundrdising ttading 61.772 50.085 Charit4bk activities Stage lightmg and sound 7.627 81577 40,025 22.978 919 154.126 92519 Repairs andrnewals OffiLt LThts 22.146 347 I657 This pdge d(Ks t form part of the slatut(ry finaLa1 slatem Page 22
lllNCKLEY CONCORDIAASSOCIATION DETAED STATEME OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Clwritsbk oclivihes Brought fvard IJLsurance 2nd licenees HiTe of equipllrot PfKInI fe tmxovlrdble VAT 16&057 33073 154.126 2873 1.4.11 22.665 3.826 21.661 22583 20J76 W9 14.127 24?73 381 Dq)reciation of tatigibk fixal &8sets S OD Sak of lawble f]xed gss¢ts 264,026 256.176 Support L 6.4(K) 331713 312.661 Net lncomd(eII1ure) 29910 {17,1MJ9) This page ths tt fonn pOr the slatuty fina121 statemthts