## 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 - 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 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: 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. 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.