WESTMINSTER PARK COMMUNITY ASSOCIATION
FINANCIAL STATEMENTS 31 DECEMBER 2024
Charity Number: 503204
Paul Adamson -Treasurer
WESTMINSTER PARK COMMUNITY ASSOCIATION
31 DECEMBER 2024
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 2024
Charity registration number 503204
| Council | Phil Williamson | Chairman |
|---|---|---|
| Bev Williamson | ||
| Simon Rostron | ||
| Kerry Woodall | ||
| Lisa Childs | ||
| Alex Macdonald | ||
| 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 | |
| Unit 2 The Forum | Shopping Centre | |
| Northgate Street | ||
| Chester | ||
| CH1 2BY | ||
| Independent examiner | Rachel Aldridge-Jones (CGMA, ACMA) | |
| 143 Lache Lane | ||
| Chester | ||
| CH4 7LU |
2
WESTMINSTER PARK COMMUNITY ASSOCIATION TRUSTEES’ REPORT 31 DECEMBER 2024
The Council present their report and the financial statements for the year ended 31 December 2024.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
Throughout 2024 the Association has continued to provide a Community Centre and all its facilities to the residents of the Westminster Park area. The Community Centre is used as a meeting place for various activity groups and organisations as well as a local venue for private functions. It has supported such activities as a bridge club, dance classes, keep fit groups, Weightwatchers, martial arts training, pre-school nursery, mothers and toddlers and the Christian Family Church Group. The Association boasts two local league darts teams and introduced a Bagatelle side this year to play in a local league. A number of private functions were held including Croquet Club, Gardening Group, Residents’ 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, contributing to a local group concerned with the welfare of the Widows and Widowers of Chester, and fund raising for MacMillian and Breast Cancer UK.
Mid summer was celebrated with a fair and open day -which was extremely well attended and much appreciated by the local residents.
An overall successful year after feeling the aftermath of the Covid Crisis. Voluntary work by Council members and price reviews have succeeded in turning around the finances this year. This will enable the Association to continue in its operations for the foreseeable future
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 £52,000 plus a designated building maintenance fund of £18,000 to be used for major works when required . At 31 December 2024 unrestricted reserves were £48,845. The Trustees are confident that the coming year will boost the reserves toward 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
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make reasonable and prudent judgements and estimates
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
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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
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safeguarding the charity’s assets
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taking reasonable steps for the prevention and detection of fraud
On behalf of the Council
............................................... Phil Williamson – Chairman Dated……………………
4
WESTMINSTER PARK COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT
TO THE MEMBERS OF WESTMINSTER PARK COMMUNITY ASSOCIATION
I report on the financial statements of Westminster Park Community Association for the year ended 31 December 2024, which are set out on pages 5 to 7.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust’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 Trust as required by section 130 of the Act;
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or
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the accounts do not accord with those records.
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.
............................................... Rachel Aldridge-Jones Independent Examiner
5
WESTMINSTER PARK COMMUNITY ASSOCIATION
RECEIPTS AND PAYMENTS ACCOUNT
for the year ended 31 December 2024
| Total Unrestricted Funds 2024 Total Unrestricted Funds 2023 RECEIPTS Bar Sales 79,973 59,683 Machines 6,419 4,465 Centre Hire 22,898 17,872 Subscriptons 920 990 Socials 1,244 960 Grants 0 0 Investment Income 598 382 Miscellany 34 950 Total Receipts 112,086 85,302 PAYMENTS Bar Purchases 49,201 40,307 Bar Wage 24,426 26,802 Stock Checks 530 500 Machine Licence 50 50 Socials 1,560 1,650 Misc. Licences 461 539 Rent, Rates, Water 1,798 1,424 Heat and Light 8,650 4,113 Insurance 906 830 Security 350 305 Telephone/Internet 831 630 Cleaning Material and Wages 8,686 7,879 Repairs and Maintenance 1,075 3,532 Darts League/Equip. 180 225 Capital Equipment 2,184 235 Miscellaneous 964 2,047 Card Fees 848 485 Accountancy 225 200 Machine Games Duty 1,374 856 Total Expenditure 104,299 92,609 Net Receipts over Payments 7,787 -7,307 Cash Funds brought forward 40,845 48,152 Cash Funds carried forward 48,632 40,845 |
|
|---|---|
6
WESTMINSTER PARK COMMUNITY ASSOCIATION STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2024
| Cash Funds: Cash at Bank and in hand Credit Card Uncleared on 31st December Lotery Grant (restricted) SumUp pending Assets Retained for the Charity's own use: Fixed assets net book value Stock Debtors Liabilites Other taxes and Social Security Accruals |
Total Funds 2024 57,983 -757 -3,933 -5,237 576 48,632 12,483 5,597 1,020 19,100 1,092 971 2,063 |
Total Funds 2023 45,924 -378 -4,701 |
|---|---|---|
| 40,845 | ||
| 10,299 4,161 2,278 |
||
| 16,738 | ||
| 1,288 428 |
||
| 1,716 |
The financial statements were approved by the Council on March 2025 and signed on their behalf by:
…………………………………………………….
P Williamson – Chairman
Dated……………………………..
7
WESTMINSTER PARK COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS
31 December 2024
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 | ||
|---|---|---|
| 2024 | 2023 | |
| Total Wages (including cleaner) | £29,889 | £32,231 |
No Trustees have received or are due to receive any remuneration in the year.