## 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:
- 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|||
|---|---|---|---|
## 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.