REGISTERED CHARITY NUMBER: 504076
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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 2024
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|---|---|---|---|---|---|---|---|
|Page|
|Report of the|Trustees|1|to|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|+|
|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 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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 focused on the repairs of the building to maintain the benefits to the community. The Charity succeeded in installing new toilets, an update to the previous, which are now disabled friendly and unisex to uphold the objective to support all members of the community. The Charity has also been successful in acquiring funding for the repairs to the roof and ceiling which will be implemented in the next period.
The Charity has continued to benefit the community by providing a safe and well maintained space for community activities. The Charity regularly reviews comments made by users to ensure that they uphold expected standards and that all members benefit.
FINANCIAL REVIEW
Reserves policy
During the committee meeting at 30th January 2024, the decision was made to reduce the reserves policy from three down to one year of operating expenses. This was to facilitate major repairs taken place during this period and future periods. The funds currently exceed this requirement and the trustees are aware of their responsibility to maintain funds.
It is the trustees policy reserves should equate to 1 years operating expenses. At 31st December 2024 the reserves exceeded to policy requirement and are at £115,609. Of these reserves £16,000 is restricted for the future roof work which is taking place within the next period.
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 again on 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. Any new trustees are elected during the AGM.
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CROFTLANDS COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 504076
Principal address Central Drive Ulverston Cumbria LA12 9JN
Trustees Mr J Rice Mr M Turner Mr N Knibbs Ms N Sansom Ms M Hamps
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 29 April 2025 and signed on its behalf by:
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GLA 4 L, 4ay / [AS”]
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 2024.
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:
- I. 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.
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.
Mr P Hornby
J F Hornby & Co
Chartered Accountants The Tower Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ
29 April 2025
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CROFTLANDS COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
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|---|---|---|---|---|---|---|
|31.12.24|31.12.23|
|Unrestricted|Restricted|Total|Total|
|Notes|fund£|funds£|funds£|funds£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donation and grants|51|16,000|16,051|550|
|Charitable|activities|
|Hall|lettings|31,043|-|31,043|26,159|
|Investment|income|2|1,796|-|1,796|1,173|
|Total|32,890|16,000|48,890|27,882|
|EXPENDITURE|ON|
|Charitable|activities|
|Hall|lettings|19,767|548|20,315|21,478|
|NET INCOME|13,123|15,452|28,575|6,404|
|RECONCILIATION|OF FUNDS|
|Total|funds brought|forward|60,801|26,318|87,119|80,715|
|TOTAL FUNDS CARRIED FORWARD|73,924|41,770|115,694|87,119|
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The notes form part of these financial statements
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CROFTLANDS COMMUNITY ASSOCIATION
BALANCE SHEET 31 DECEMBER 2024
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|---|---|---|---|---|---|---|---|---|
|31.12.24|31.12.23|
|Unrestricted|Restricted|Total|Total|
|Notes|fund£|funds£|funds£|funds£|
|FIXED ASSETS|
|Tangible|assets|+|23,508|25,770|49,278|27,315|
|CURRENT ASSETS|
|Debtors|5|75|-|75|179|
|Cash|at bank|51,491|16,000|67,491|61,011|
|51,566|16,000|67,566|61,190|
|CREDITORS|
|Amounts|falling|due within|one year|6|(1,150)|.|(1,150)|(1,386)|
|NET CURRENT ASSETS|50,416|16,000|66,416|59,804|
|TOTAL ASSETS|LESS CURRENT|
|LIABILITIES|73,924|41,770|115,694|87,119|
|NET ASSETS|73,924|41,770|115,694|87,119|
|FUNDS|Wh|
|Unrestricted|funds|73,924|60,801|
|Restricted|funds|41,770|26,318|
|TOTAL FUNDS|115,694|87,119|
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The financial statements were approved by the Board of Trustees and authorised for issue on 29 April 2025 and were signed on its behalf by:
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wv Gate 29/4rs
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Mr N 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 2024
if: 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% oncost Building improvements - 5% 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.
2 INVESTMENT INCOME
31.12.24 31.12.23 £ £ Deposit account interest 1,796 1,173
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CROFTLANDS COMMUNITY ASSOCIATION
- TRUSTEES' REMUNERATION AND BENEFITS
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024
There were no trustees’ remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
- TANGIBLE FIXED ASSETS
| TANGIBLE FIXEDFIXED ASSETS | ||||
|---|---|---|---|---|
| Fixtures | ||||
| Freehold property |
Building improvements |
and fittings |
Totals | |
| £ | £ | = | 3 | |
| COST | ||||
| At 1 January 2024 | 27,415 | . | 3,513 | 30,928 |
| Additions Disposals |
- - |
24,437 . |
: (108) |
24,437 (108) |
| At 31 December2024 | 27,415 | 24,437 | 3,405 | 55,257 |
| DEPRECIATION | ||||
| At 1 January 2024 | 1,097 | . | 2,516 | 3,613 |
| Charge foryear | 548 | 1,222 | 704 | 2,474 |
| Eliminatedon disposal | - | . | (108) | (108) |
| At31 December2024 | 1,645 | 1,222 | 3,112 | 5,979 |
| NETBOOKVALUE | ||||
| At31 December2024 | 25,770 | 23,215 | 293 | 49,278 |
| At31 December2023 | 26,318 | - | 997 | 27,315 |
| Deprecation offreeholdproperty was introduced on IstJanuary | 2022. | |||
| DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR | ||||
| 31.12.24 | 31.12.23 | |||
| 5 | £ | |||
| Tradedebtors | 75 | 179 |
- DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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- CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
CROFTLANDS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024
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|---|---|---|---|---|---|---|---|---|---|
|31.12.24|31.12.23|
|£|£|
|Trade|creditors|97|49|
|Taxation and|social|security|34|22|
|Other|creditors|1,019|1,315|
|1,150|1,386|
|qs|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.1.24|in|funds|31.12.24|
|£|£|2|
|Unrestricted|funds|
|General|fund|60,801|13,123|73,924|
|Restricted|funds|
|Restricted|26,318|(548)|25,770|
|Roof and|ceiling|-|16,000|16,000|
|26,318|15,452|41,770|
|TOTAL FUNDS|87,119|28,575|115,694|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|s|£|£|
|Unrestricted|funds|
|General|fund|32,890|(19,767)|13,123|
|Restricted|funds|
|Restricted|-|(548)|(548)|
|Roof and ceiling|16,000|-|16,000|
|16,000|(548)|15,452|
|TOTAL FUNDS|48,890|(20,315)|28,575|
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CROFTLANDS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024
Te MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
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|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|AG1.123|in|funds|funds|31.1223|
|£|£|£|5|
|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|
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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|27,382|(19,929)|7,453|
|Restricted|funds|
|Restricted|500|(1,549)|(1,049)|
|TOTAL FUNDS|27,882|(21,478)|6,404|
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A current year 12 months and prior year 12 months combined position is as follows:
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|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.1.23|in|funds|funds|31.12.24|
|£|£|£|-|
|Unrestricted|funds|
|General|fund|53,348|20,576|-|73,924|
|Restricted|funds|
|Restricted|27,367|(1,597)|-|25,770|
|Roof and|ceiling|-|16,000|-|16,000|
|27,367|14,403|:|41,770|
|TOTAL FUNDS|80,715|34,979|-|115,694|
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CROFTLANDS COMMUNITY ASSOCIATION
te MOVEMENT IN FUNDS- continued
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024
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|
|>|a|£|
|Unrestricted|funds|
|General|fund|60,272|(39,696)|20,576|
|Restricted|funds|
|Restricted|500|(2,097)|(1,597)|
|Roof and|ceiling|16,000|-|16,000|
|16,500|(2,097)|14,403|
|TOTAL FUNDS|76,772|(41,793)|34,979|
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- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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CROFTLANDS COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
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|---|---|---|---|---|---|
|31.12.24|31.12.23|
|£|£|
|INCOME AND ENDOWMENTS|
|Donation|and|grants|
|Donations|and grants|16,051|550|
|Investment|income|
|Deposit account|interest|1,796|1,173|
|Charitable|activities|
|Hall|lettings|31,043|26,159|
|Total incoming|resources|48,890|27,882|
|EXPENDITURE|
|Charitable|activities|
|Telephone|95|82|
|Repairs|and renewals|920|2,820|
|Cleaning|3,358|4,179|
|Building|overheads|1,799|1,641|
|Building|services|4,469|4,961|
|Depreciation|of tangible|fixed|assets|2,366|1,251|
|13,007|14,934|
|Support|costs|
|Management|
|Wages|5,578|5,052|
|Governance|costs|
|Wages|1,211|996|
|Accountancy|and|legal|fees|519|496|
|1,730|1,492|
|Total|resources|expended|20,315|21,478|
|Net income|28,575|6,404|
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This page does not form part of the statutory financial statements
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