REGISTERED CHARITY NUMBER: 504076
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
CROFTLANDS COMMUNITY ASSOCIATION
J F Hornby & Co Chartered Accountants The Tower Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ
CROFTLANDS COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
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|---|---|---|---|---|---|---|---|
|Page|
|Report|of the|Trustees|I|to|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|5|
|Notes|to|the|Financial|Statements|6|to|10|
|Detailed|Statement|of Financial|Activities|11|
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CROFTLANDS COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charitable association as contained within its constitution are:
To benefit the residents of the local area defined by the LA12 postcode, without distinction of sex, gender, race or of political, religious or other opinions, by associating together the residents and the local authorities, voluntary and other organisations in order to provide facilities in the interest of social welfare, recreation and leisure time occupation, and advancing education, with the objective of improving the conditions of life of the residents of the local community.
To maintain and manage the Community Centre or to cooperate with any statutory authority in its maintenance and management, for activities promoted by the Association in furtherance of above objectives.
Significant activities
The principal activity of the charity for the financial year under review was the provision of a community hall for the benefits of the residents of the LA12 area.
The trustees confirm that they have complied with their duty under section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission and consider that the pursuit of the association's aims through the activities described above is consistent therewith.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the financial year the charity's incoming resources were considered adequate taking into account the exceptional nature of certain expenditure.
FINANCIAL REVIEW
Reserves policy It is the trustees policy reserves should equate to 2 years operating expenses. At 31st December 2023 the reserves exceeded to policy requirement.
During the committee meeting at 30th January 2024, the decision has been made to reduce the reserves policy to one year, in order to facilitate major repairs in the next year. The funds currently exceed this requirement and the trustees are aware of their responsibility to maintain funds.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is an association. The governing document is the constitution dated 14th April 1973, amended on 2nd March 1977 and amended 19th April 2022.
The charity is governed by its committee on behalf of the trustees who appoint officers responsible for the management of the charitable activities.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 504076
Principal address Central Drive Ulverston Cumbria LA12 9JN
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CROFTLANDS COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees Mr J Rice Mr M Turner Mr N Knibbs Ms N Sansom Ms M Hamps (appointed 6.4.23)
Independent Examiner J F Hornby & Co Chartered Accountants The Tower Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ
Bankers National Westminster Bank plc 113 Dalton Road Barrow in Furness Cumbria LA14 1WY Approved by order of the board of trustees on 27 March 2024 and signed on its behalf by:
Mr N Knibbs - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CROFTLANDS COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of Croftlands Community Association
I report to the charity trustees on my examination of the accounts of Croftlands Community Association (the Trust) for the year ended 31 December 2023.
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 Act and in carrying out my examination I have followed all 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; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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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.
I Mr P Hornby
J F Hornby & Co Chartered Accountants The Tower
Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ
27 March 2024
Page 3
CROFTLANDS COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
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|||||||||
|---|---|---|---|---|---|---|---|
|31.12.23|31.12.22|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donation|and|grants|50|500|550|6,252|
|Charitable|activities|
|Hall|lettings|26,159|-|26,159|23,400|
|Investment|income|2|1,173|-|1,173|285|
|Total|27,382|500|27,882|29,937|
|EXPENDITURE|ON|
|Charitable|activities|
|Hall|lettings|19,929|1,549|21,478|27,014|
|NET|INCOME/(EXPENDITURE)|7,453|(1,049)|6,404|2,923|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|53,348|27,367|80,715|T1792.|
|TOTAL FUNDS|CARRIED|FORWARD|60,801|26,318|87,119|80,715|
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The notes form part of these financial statements
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CROFTLANDS COMMUNITY ASSOCIATION
BALANCE SHEET
31 DECEMBER 2023
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|---|---|---|---|---|---|---|---|---|
|31.12.23|31,12,22|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Tangible|assets|4|997|26,318|27,315|28,079|
|CURRENT|ASSETS|
|Debtors|||179|-|179|444|
|Cash|at bank|61,011|-|61,011|53,084|
|61,190|-|61,190|53,528|
|CREDITORS|
|Amounts|falling|due|within one year|6|(1,386)|-|(1,386)|(892)|
|NET CURRENT ASSETS|59,804|-|59,804|52,636|
|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|60,801|26,318|87,119|80,715|
|NET ASSETS|60,801|26,318|87,119|80,715|
|FUNDS|7|
|Unrestricted|funds|60,801|53,348|
|Restricted|funds|26,318|27,367|
|TOTAL FUNDS|87,119|80,715|
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The financial statements were approved by the Board of Trustees and authorised for issue on 27 March 2024 and were signed on its behalf by:
MrN Knibbs - Trustee
The notes form part of these financial statements
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CROFTLANDS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Fixtures and fittings - 20% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
INVESTMENT INCOME
31.12.23 31.12.22 £ £ Deposit account interest 1,173 285
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CROFTLANDS COMMUNITY ASSOCIATION
3: TRUSTEES' REMUNERATION AND BENEFITS
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
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TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Fixtures | |||
| Freehold | and | ||
| property | fittings | Totals | |
| £ | £ | £ | |
| COST | |||
| At 1 January 2023 | 27,415 | 3,026 | 30,441 |
| Additions | - | 487 | 487 |
| At 31 December 2023 | 27,415 | 3,513 | 30,928 |
| DEPRECIATION | |||
| At | January 2023 | 548 | 1,814 |
| Charge foryear | 549 | 702 | 1,251 |
| At 31 December 2023 | 1,097 | 2,516 | 3,613 |
| NET BOOKVALUE | |||
| At31 December2023 | 26,318 | 997 | 27,315 |
| At 31 December 2022 | 26,867 | 1,212 | 28,079 |
| Deprecation offreehold property was introduced on Ist January 2022. | |||
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Tradedebtors | 179 | 444 |
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CROFTLANDS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|31.12.23|3112.22,|
|£|£|
|Trade|creditors|49|15|
|Taxation|and|social|security|22|(40)|
|Other|creditors|1,315|917|
|1,386|892|
|7|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.1.23|in|funds|31.12.23|
|£|£|£|
|Unrestricted|funds|
|General|fund|53,348|7,453|60,801|
|Restricted|funds|
|Restricted|27,367|(1,049)|26,318|
|TOTAL FUNDS|80,715|6,404|87,119|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|27,382|(19,929)|7,453|
|Restricted|funds|
|Restricted|500|(1,549)|(1,049)|
|TOTAL FUNDS|27,882|(21,478)|6,404|
|Comparatives|for|movement|in|funds|
|Net|
|movement|At|:|
|At|1.1.22|in|funds|31.12.22|
|£|£|£|
|Unrestricted|funds|
|General|fund|49,377|3,971|53,348|
|Restricted|funds|
|Restricted|28,415|(1,048)|27,367|
|TOTAL FUNDS|77,792|2,923|80,715|
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CROFTLANDS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023
Vs MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|26,437|(22,466)|3,971|
|Restricted|funds|
|Restricted|3,500|(4,548)|(1,048)|
|TOTAL FUNDS|29,937|(27,014)|2,923|
|A|current|year|12|months|and|prior year|12|months|combined|position|is|as|follows:|
|Net|
|movement|At|
|At|1.1.22|in|funds|3112.23|
|£|£|£|
|Unrestricted|funds|
|General|fund|49,377|11,424|60,801|
|Restricted|funds|
|Restricted|28,415|(2,097)|26,318|
|TOTAL|FUNDS|77,792|9,327|87,119|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|53,819|(42,396)|11,423|
|Restricted|funds|
|Restricted|4,000|(6,096)|(2,096)|
|TOTAL FUNDS|57,819|(48,492)|9.327|
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CROFTLANDS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
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CROFTLANDS COMMUNITY ASSOCIATION
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|
| FOR THE YEAR ENDED 31 DECEMBER 2023 | |||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donation and grants | |||
| Donations and grants | 550 | 6,252 | |
| Investment income | |||
| Deposit account interest | 1,173 | 285 | |
| Charitable activities | |||
| Hall lettings | 26,159 | 23,400 | |
| Total incoming resources | 27,882 | 29,937 | |
| EXPENDITURE | |||
| Charitable activities | |||
| Telephone | 82 | 82 | |
| Repairs and renewals | 2,820 | 9,089 | |
| Cleaning | 4,179 | 3,959 | |
| Building overheads | 1,641 | 1,804 | |
| Building services | 4,961 | 3,537 | |
| Depreciation oftangible fixed | assets | 1,251 | 1,153 |
| 14,934 | 19,624 | ||
| Support costs | |||
| Management | |||
| Wages | 5,052 | 5,663 | |
| Governance costs | |||
| Wages | 996 | 1,367 | |
| Accountancy and legal fees | 496 | 360 | |
| 1,492 | 1,727 | ||
| Total resources expended | 21,478 | 27,014 | |
| Netincome | 6,404 | 2,923 |
This page does not form part of the statutory financial statements
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