Littl( Ilsroi7 Coiiiiiiziiiiti:/lssocilltlOll REGISTERED CHARITY NUMBER: 509757 Re ort of the Trustee Unaudited Financial Statements for the Year Ended 31 December 2023 Wright & Co Partnership Limited Chartered Accountants The Squires, 5 Walsall Street, Wednesbury, WSIO 9BZ
Little Aston Communi iati Contents of the Financial Statements For the Y cember 2023 Page Report of the Trustees Ito3 Independent examiner's report statement of Financial Activities Balance Sheet Notes to the Financial Statements 7tolO Detailed Statement of Financial Activities 11
Littl Aston Comm ni Associat" Re Fo ort of the Trustees he Year En l Decem r 2023 Report of the Trustees The trustees present their annual report and financial statements of the charity for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16/07/14 OBJECTIVES AND AcfIvITIES Objectives and aims The object of the Association is to promote the benefit of the inhabitants of Little Aston and the neighbourhood, without distinction of sex, political, religious or other opinions by associating the local authorities, voluntary associations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure activities with the object of improving the conditions of life for the said inhabitants. Public Benefit The association's activities are available to everyone. Theatre group organises social and educational activities for its members, many of whom are senior citizens. Twinning section has for many years fostered international relations by its association with the group in Burgundy. Walking group provides its members with social activities combined with exercise. The association aims to benefit the local community and by its support of Little Aston Recreation Ground Association and the village hall. ACHIEVEMENT AND PERFORMANCE Review of charitable activities in 2023. Theatre Group had a varied programme of activities during the year. Visits were made to several theatres and restaurants as well as various days out to places of interest. 23 Members took part in a three-night break to North Yorkshire. Membership numbers remained constant. A bench was donated to Little Aston Village Hall in remembrance of Mrs Joy Herbert who was a Trustee and Chairman of Theatre Group for many years. A donation was also made to Birmingham Childrens Hospital. Twinning Section hosted their French friends from St Georges-sur-Baulche. Visits were made to the Cotswolds and to Birmingham City Centre and there was a group dinner at a local hotel. There were two successful fund-raising activities - a barbeque and a quiz night. Walking Group carried out programme of activities during the year. FINANCIAL REVIEW Reserves policy The association controls its expenditure to ensure that financial obligations are covered by specific income streams. Activities only take place if they are financially viable. The policy is to keep a small fund in reserve to cover contingencies. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Page I
Li ston omm As ciati ort heye the Tr stees Ende IDec ntin ber2 23 PLANS FOR THE FUTURE Theatre Group and Walking Group are planning a full programme of activities for 2024. Twinning Section members will be paying their bi-annual visit to St Georges-sur-Baulche in Burgundy in April 2024. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Little Aston Community Association (LACA) is governed by its constitution, adopted on l October 1979. Organisational structure The Trustees form the LACA general committee, who oversee the general management and policies of the association. For the purpose of its activities, LACA is split into three sub-groups, each with its own sub-committee, subscription and bank a¢count. These sub-groups are - Theatre Group The members take part in trips to theatres, restaurants and places of interest. Twinning Section Little Aston has been twinned with Saint-Georges-sur-Baulche in Burgundy, France since 1981. The members take part in bi-annual trips to Burgundy and host their French correspondents on a bi-annual basis. Walking Group The members take part in walking trips based on places of interest. Key management personnel remuneration The trustees consider the board of trustees as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day-to-day basis. All trustees give of their time freely and no trustee remuneration was paid in the year. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 509757 Trustees Mr S Bennett Chairman MrJTSmart Treasurer Miss N Herbert (Resigned January 2024) Mrs A Howle (Resigned August 2023) Mrs V J Smart Mr A I Roberts (Deceased January 2024) Principal address 10 Hathaway Road Four Oaks Sutton Coldfield West Midlands, B75 5JB Independent Examiner Mike Atkinson FCA Wright & Co Partnership Limited The Squires, 5 Walsall Street, Wednesburyi WSIO 9BZ Page 2
Littl A ton Com uni Associatio Re ort of the Trustees continu for the Y r Ended 31 De er 2023 TRUSTEES RESPONSIBILITY STATEMENT The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently;observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; 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 the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonabSe steps for the prevention and detection of fraud and other irregularities. Approved by the trustees and signed on behalf of the board by: S Bennett Trustee Dated: Page 3
In ittl Ast en xaminer, n Communi re rttotheT Associ tion us es I report on the accounts for the year ended 31 December 2023 set out on pages five to ten. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. It is my responsibility to: examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145{5)(b) of the 2011 Act); and to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view and the report is limited to those matters set out in the statements below. Independent examiner's statement In connection with my examination, no matter has come to my attention: (i) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Sertion 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. (2) Michael Atkinson FCA Wright & Co Partnership Limited Chartered Accountants & Statutory Auditors 5 Walsall Street Wednesbury West Midlands WSIO 9BZ Date.. 15th July 2024 Page 4
Li Co mun ciati tem t of Finan vitie eye Ended 31 December 2023 for Unrestricted Funds 202 2022 Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Investment income Incoming resources from charitable activities Theatre Group Twinning Section Parent body 1,131 443 974 31 35,139 5,623 25,570 7,940 Total incoming resources 42,336 34,515 RESOURCES EXPENDED Charitable activities Theatre Group Twinning Section Parent body Governance costs 31,386 8,332 747 24,353 5,811 653 480 780 Total resources expended 40,945 31,597 NET INCOMING/(OUTGOING) RESOURCES 1,391 2,918 RECONCILIATION OF FUNDS Total funds brought forward 28,018 25,100 TOTAL FUNDS CARRIED FORWARD 29,409 28,018 The notes form part of these financial statements Page 5
Littl Aston mmuni Associ tion B lance Sh et Asa IDec mber 202 Unrestri ted Fund 202 022 Notes FIXED ASSETS Tangible assets CURRENT ASSETS Debtors 2,494 33,192 1,600 34,027 Cash at bank 35,686 35,627 CREDITORS Amounts falling due within one year 6,277 7,609 NET CURRENT ASSETS 29,409 28,018 TOTAL ASSETS LESS CURRENT LIABILITIES 29,409 28,018 NET ASSETS 29,409 28,018 FUNDS 10 Unrestricted funds 29,409 28,018 TOTAL FUNDS 29,409 28,018 The financial statements were approved by the Board of Trustees on and were signed on its behalf by: S Bennett Trustee The notes form part of these financial statements Page 6
Little A ton C muni Associa ion Notes to he Finan ial Stat ments For th Year Ended 31 Decemb 023 I. ACCOUNTING POLICIES Accounting convention The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and with the Charities Act 2011. Going Concern The financial statements have been prepared on a going concern basis. The Trustees assess whether the use of going concern is appropriate i.e.whether there are any material uncertainties related to events or conditions that may cast doubt on the ability of the charity to continue as a going concern. The Trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended 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 attivities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 25% / 33 % 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. Page 7
Littl ston ommu ciation he Fin ncial For th Year nded atemen contin Dece ber 202 ed 2. INVESTMENT INCOME 2023 2022 Deposit account interest 443 31 3. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES 2023 2022 Theatre Twinning Section Total Tota I Group Activities Activities Income from trips, visits and events Members subscriptions Gift Aid 33,312 1,130 187 4,632 350 37,944 1,480 252 31,347 1,358 234 65 Members raffle and quiz income 510 576 1,086 40,762 571 35,139 5,623 33,510 4. CHARITABLE ACTIVITIES COSTS 2023 Direct Costs 2022 Total Costs Theatre Group Twinning Section Parent Body 31,386 8,332 747 24,353 5,811 653 40,465 30,817 5. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration, expenses or other benefits paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. Page 8
st Com uni Ass ation the Finan Ista men eye End d 31 Decem con r 2023 For 6. TANGIBLE FIXED ASSETS 2023 2022 Fixtures and Fittings Cost At l January 247 477 At 31 December 247 247 Depreciation At l January 247 477 At 31 December 247 247 Net Book Value 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors and prepayments Other debtors 512 710 1,982 890 2,494 1,600 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Deferred Income Trade creditors Other creditors 4,990 1,267 20 5,753 1,836 20 6,277 7,609 Page 9
ittl Aston omm ni socia Notes to the Financial Statements or Year Ende 31De mber ntinu 023 9. RELATED PARTY TRANSACTIONS There were no Related Party Transactions for the year ended 31 December 2023 nor for the year ended 31 December 2022. 10. MOVEMENT IN FUNDS Net Atljan Movement At 31 Dec 2023 In Funds 2023 Unrestricted Funds General Fund 28,018 1,391 29,409 TOTAL FUNDS 28,018 1,391 29,409 Net movement in funds, included in the above are as follows: Incoming Resou rces Resources Movement In Funds Expended Unrestricted Funds General Fund 42,336 40,945 1,391 TOTAL FUNDS 42,336 40,945 1,391 Page 10
ston Communi Association Detailed Statemen f Finan ear Ended 31 December 2023 2023 2021 INCOMING RESOURCES Voluntary income Subscriptions Donations Gift Aid 869 810 112 27 150 137 1,131 974 Investment income Deposit account interest 443 31 Incoming resources from charitable activities Income from trips, visits and events Members subscriptions Gift Aid Members raffle and quiz income 37,944 1,480 252 31,347 1,358 234 1,086 571 40,762 33,510 Total incoming resources 42,336 34,515 RESOURCES EXPENDED Charitable activities Costs of trips, visits and events Insurance Postage and stationery Telephone Sundry Expenses Meeting expenses Computer Software Bank Charges Website Development Grants Made 36,489 396 713 27,183 406 639 60 486 751 787 360 1,452 346 163 153 92 121 685 40,465 30,817 Governance costs Accountancy 480 780 Total resources expended 40,945 31,597 NET INCOMING/(OUTGOING) RESOURCES 1,391 This statement does not form part of the statutory financial statements. 2,918 Page 11