WESTMINSTER PARK COMMUNITY ASSOCIATION
FINANCIAL STATEMENTS 31 DECEMBER 2023
Charity Number: 503204
Paul Adamson -Treasurer
WESTMINSTER PARK COMMUNITY ASSOCIATION
31 DECEMBER 2023
Contents
| Page | |
|---|---|
| Legal and administrative details | 1 |
| Trustees’ report | 2 |
| Independent examiner’s report | 4 |
| Receipts and payments account | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes | 7 |
1
WESTMINSTER PARK COMMUNITY ASSOCIATION LEGAL AND ADMINISTRATIVE DETAILS 31 DECEMBER 2023
| Charity registration number | 503204 | |
|---|---|---|
| Council | Phil Williamson | Chairman |
| Russell O Neill | ||
| Simon Rostron | ||
| Mark Woodall | ||
| Holding Trustees | Paul Adamson | |
| Paul Rostron | ||
| Cliff Tomlinson | ||
| Principal address | Westminster Park | Community Centre |
| Five Ashes Road | ||
| Westminster Park | ||
| Chester | ||
| CH4 7QS | ||
| Bankers | Barclays Bank | |
| 30 St Werburgh Street | ||
| Chester | ||
| CH 1 2DY | ||
| Independent examiner | Rachel Aldridge-Jones (CGMA, ACMA) | |
| 143 Lache Lane | ||
| Chester | ||
| CH4 7LU |
2
WESTMINSTER PARK COMMUNITY ASSOCIATION TRUSTEES’ REPORT 31 DECEMBER 2023
The Council present their report and the financial statements for the year ended 31 December 2023.The financial statements have been prepared on a receipts and payments basis and comply with the charity’s trust deed.
Constitution and object
The charity was constituted on 4 March 1971 and is a registered charity no: 503204. The object of the charity is to provide a community centre for the use of local residents.
Trustees
The affairs of the Association are managed by the Council of the Association who are listed on page1 together with the Holding Trustees. The officers of the Council are elected at the Annual General Meeting.
Review of activities in the year
The Community Centre continued to be used as a meeting place for various activity groups and organisations as well as a local venue for private functions -it also supported such activities as a bridge club, dance classes, keep fit groups, Weightwatchers, martial arts training, pre-school nursery and the Christian Family Church Group. The Association boasts two local league darts teams and introduced a monthly “Kids Disco” which has proved very popular. This has been extended this year to assist in the raising of funds and awareness for SEND (Special Educational Needs and Disabilities). A number of private functions were held including Croquet Club, Gardening Group, Resident Association meetings along with wedding parties and christening celebrations.
As normal some charity events were held raising money for a specialist unit of the Countess of Chester Hospital and contributing to a local group concerned with the welfare of the Widows and Widowers of Chester.
Weekend of the Coronation was celebrated with a fair and open day -which was extremely well attended and much appreciated by the local residents.
An overall successful year in the circumstances as we are still feeling the aftermath of the Covid Crisis. This has hit the bar profits which are an essential part of Association’s funding. However, the committee are confident that price reviews planned for early in the New Year will bring the finances back on track.
Reserves policy
It is the policy of the Trustees to maintain unrestricted reserves at a level to cover 6 months expenditure, which equates to approximately £46,000 plus a designated building maintenance fund of £18,000 to be used for major works when required . At 31 December 2023 unrestricted reserves were £40,858. The Trustees are confident that the coming year will boost the reserves to the required level.
3
Risk management
The Trustees have reviewed the principal areas of the charity’s operations and considered the major risks in each of those areas. In the opinion of the Trustees, the Association has resources and review systems in place which, under normal circumstances, should allow the risks to be mitigated to an acceptable level in its day to day operation.
Statement of Trustees’ responsibilities
The Trustees are required under charity law to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year.
In preparing these financial statements we are required to:
-
select suitable accounting policies and apply them consistently
-
make reasonable and prudent judgements and estimates
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
-
prepare the financial statements on a going concern basis unless in our view the charity will be unable to continue in business
We are also responsible for:
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keeping proper accounting records
-
safeguarding the charity’s assets
-
taking reasonable steps for the prevention and detection of fraud
On behalf of the Council
............................................... Phil Williamson - Chairman 13[th] March 2024
4
WESTMINSTER PARK COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT
TO THE MEMBERS OF WESTMINSTER PARK COMMUNITY ASSOCIATION
............................................... Rachel Aldridge-Jones Independent Examiner
5
WESTMINSTER PARK COMMUNITY ASSOCIATION
RECEIPTS AND PAYMENTS ACCOUNT
for the year ended 31 December 2023
| Total Unrestric ted Funds 2023 Total Unrestric ted Funds 2022 RECEI PTS Bar Sales 59,683 50,491 Machin es 4,465 2,987 Centre Hire 17,872 17,461 Subscriptions 990 925 Socials 960 630 Grants 0 0 Investment Income 382 13 Miscellany 950 38 Total Receipts 85,302 72,545 PAYMENTS Bar Purchases 40,307 29,562 Bar Wage 26,802 23,496 Stock Checks 500 440 Machine Licence 50 50 Socials 1,650 1,275 Misc. Licences 539 1,111 Rent, Rates, Water 1,424 1,405 Heat and Light 4,113 3,456 Insuran ce 830 1,166 Securit y 305 344 Telephone/ Internet 630 957 Cleaning Material and Wages 7,879 8,762 Repairs and Maintenance 3,532 2,514 Darts League/Equip. 225 240 Capital Equipment 235 1,582 Miscellaneous 2,047 1,121 Card Fees 485 273 Accountancy 200 300 |
|
|---|---|
6
| Machine Games Duty 856 654 Total Expenditure 92,609 78,710 Net Receipts over Payments -7,307 -6,165 Cash Funds brought forward 48,152 54,317 Cash Funds carried forward 40,845 48,152 |
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|---|---|---|---|
WESTMINSTER PARK COMMUNITY ASSOCIATION STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2023
| Cash Funds: Cash at Bank and in hand Credit Card Uncleared on 31st December Assets Retained for the Charity's own use: Fixed assets net book value Stock Debtors |
Total Fund s 2023 45,92 4 -378 -4,701 40,84 5 10,29 9 4,161 2,278 16,73 8 |
Tota l Fun ds 2022 52,3 45 -949 - 3,24 4 |
|---|---|---|
| 48,1 52 |
||
| 10,0 64 2,78 0 1,48 4 |
||
| 14,3 28 |
Liabiliti
7
es
| Other taxes and Social Security Accruals |
1,288 428 1,716 |
1,42 9 899 |
|---|---|---|
| 2,32 8 |
The financial statements were approved by the Council on 22 March 2023 and signed on their behalf by:
…………………………………………………….
P Williamson – Chairman
13[th] March 2024
WESTMINSTER PARK COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS
31 December 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared on a receipts and payments basis in accordance with applicable standards.
2. Employees Remuneration
| Employees Remuneration | ||
|---|---|---|
| 2023 | 2022 | |
| Total Wages (including cleaner) | £32,231 | £30,031 |
No Trustees have received or are due to receive any remuneration in the year.