Little/lsfo)I CoiiiJiiiiiiil)JAssociatioii REGISTERED CHARITY NUMBER: 509757 of he Trus es nd 1st tem tsf rth Ye ec mb udi Financi 31 Wright & Co Partnership Limited Chartered Accountants The Squires, 5 Walsall Street, Wednesbury, WSIO 9BZ on of an nded 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 le ni Ass 31 Report of the Trustees The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024. 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 Att 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 16107114 OBJECTIVES AND ACTIVITIES Objertives 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 Revlew of charitable artivitles in 2024. Theatre Group had a varied programme of activities during the year. Visits were made to various places of interest and to several theatres and restaurants. 21 Members took part in a four-night break to Northumbria. There were 99 members at the end of the year, which was a IOO/o decrease on the previous year, attributable mainly to deaths and age-related ill-health. Donations were made to St Giles Hospice and to Cancer Research in remembrance of 2 deceased members and to Birmingham Children's Hospital. 20 Twinning Section members visited their French friends in St Georges-sur-Baulche. They had 2 excursions and a soiree in the local community centre. Two successful fund-raising barbeques were held. Walking Group carried out a programme of regular monthly walks during the year. There were around 15 members taking part. with each being responsible for organising a walk. 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. PLANS FOR THE FUTURE Theatre Group and Walking Group are planning a full programme of attivities for 2025. Twinning members will be hosting their correspondents from a similar group from St Georges-sur- Baulche in Burgundy on the occasion of their bi-annual visit to Little Aston 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 attivities, LACA is split into three sub-groups, each with its own sub-committee, subscription and bank account. 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 Walking Group to Burgundy and host their French correspondents on a bi-annual basis. 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 Regfstered Charity number 509757 Trustees Mr S Bennett MrJTSmart Mrs V J Smart Chairman Treasurer Miss N Herbert (Resigned January 2024) Mr A I Roberts (Deceased January 2024) Principal address 10 Hathaway Road Four Oaks Sutton Coldfield West Midlands, B75 5JB Independent Examiner Michael Atkinson FCA Wright & Co Partnership Limited The Squires, 5 Walsall Street, Wednesbury, WSIO 9BZ ni ci Endd31D em 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 Art 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 consistentlyi 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 reasonable 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: /( f_2> Ind enden ittle As xamln re I report on the accounts for the year ended 31 December 2024 set out on pages five to ten. Respective responsibllltles of trustees and examlner 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 Settion 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 Sectlon 145(5)(b) of the 2011 Act); ano 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 Direttions 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 examlner'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 Section 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 Art 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 The Squires, 5 Walsall Street, Wednesbury, WSIO 9BZ Date: lttle ston Communl Assoclatlon rEn nres Fund Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Investment income 984 1,131 443 625 Incoming resources from charitable activities Theatre Group Twinning Section Parent body 22,630 7,329 35,139 5,623 Total Incomlng resources 31,568 42,336 RESOURCES EXPENDED Charitable activities Theatre Group Twinning Section Parent body Governance costs 22,563 6,121 817 31,386 8,332 747 600 480 Total resources expended 30,101 40,945 NET INCOMING/(OUTGOING) RESOURCES 1,467 1,391 RECONCILIATION OF FUNDS Total funds brought forward 29,409 28,018 TOTAL FUNDS CARRIED FORWARD 30,876 29,409 The notes form part of these financial statements mm tion Balan ee nr icted F Notes FIXED ASSETS Tangible assets 139 CURRENT ASSETS Debtors 1,333 33,491 2,494 33,192 Cash at bank 34,824 35,686 CREDITORS Amounts falling due within one year 4,087 6,277 NET CURRENT ASSETS 30,737 29,409 TOTAL ASSETS LESS CURRENT LIABILrrIES 30,876 29,409 NET ASSETS 30,876 29,409 FUNDS 10 Unrestricted funds 30,876 29,409 TOTAL FUNDS 30,876 29,409 The financial statements were approved by the Board of Trustees on and were signed on its behalf by: I(￿￿￿ Z•2( S Bennett Trustee The notes form part of these financial statements muni No stoth Fi tat I. ACCOUNTING POLICIES Accounting conventlon 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. Golng 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 activities 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. Equipment 25% /33% /50% oncost Taxatlon The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objettives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes Wlthin 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. Ll No tate ed31D ember 2024 in 2. INVESTMENT INCOME 202 Deposit account interest 625 443 3. INCOMING RESOURCES FROM CHARITABLE ACTivrrIES 2024 2023 Theatre Twinning Section Total Total Group Activities Activities Income from trips, visits and events Members subscriptions Gift Aid 21,113 990 5,520 310 26,633 1,300 215 37,944 1,480 252 158 57 Members raffle and quiz income 369 1,442 7,329 1,811 29,959 1,086 40,762 22,630 4. CHARITABLE ACTIVITIES COSTS 2024 Dirett Costs 2023 Direct Costs Theatre Group Twinning Section Parent Body 22,563 6,121 817 31,386 8,332 747 29,501 40,465 5. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration, expenses or other benefits paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. Li As Communl so cial nded men ontin December 2024 For th Year 6. TANGIBLE FZXED ASSETS 2024 2023 Equipment Cost At l January Additions during year Written off during year 247 247 278 (247) At 31 December 278 247 Depreciation At l January Written off during year Charge for year 247 247 (247) 139 At 31 December 139 247 Net Book Value 139 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors and prepayments Other debtors 1,135 198 512 1,982 1,333 2,494 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Deferred Income Trade creditors Other creditors 2,390 1,507 190 4,990 1,267 20 4,087 6,277 leA mun eFin r Ended tatem ecem nts continued F rtheye 9. RELATED PARTY TRANSAcfIoNS There were no Related Party Transattions for the year ended 31 December 2024 nor for the year ended 31 December 2023. 10. MOVEMENT IN FUNDS Net Atljan Movement At 31 Dec 2024 In Funds 2024 Unrestricted Funds General Fund 29,409 1,467 30,876 TOTAL FUNDS 29,409 1,467 30,876 Net movement in funds, included in the above are as follows: Incoming Resou rces Resources Movement Expended In Funds Unrestrlrted Funds General Fund 31,568 30,101 1,467 TOTAL FUNDS 31,568 30,101 1,467 io Ast Al Asso iled St ent of Finan ear Ended 31 Decem r 2024 024 2023 INCOMING RESOURCES Voluntary income Subscriptions Donations Gift Aid 762 869 112 150 94 128 984 1,131 Investment income Deposit account interest 625 443 Incoming resources from charitable activities Income from trips, visits and events Members subscriptions Gift Aid Members raffle and quiz income 26,633 1,300 215 37,944 1,480 252 1,811 1,086 29,959 40,762 Total incoming resources RESOURCES EXPENDED 31,568 42,336 Charitable actlvitie5 Costs of trips, visits and events Insurance Postage and stationery Sundry Expenses Meeting expenses Computer Software Bank Charges Website Development Grants Made 25,215 400 765 36,489 396 713 751 787 360 163 121 685 568 1,220 403 147 94 550 29,362 40,465 Governance costs Accountancy Support Costs - Other Depreciation of Equipment 600 480 139 Total resources expended 30,101 40,945 NET INCOMING/(OUTGOING) RESOURCES 1,467 1,391 This statement does not form part of the statutory financial statements.