## **Trustees’ Annual Report for the period** **From 1[st] January 2024 Period start date To Period end date 31st December 2024** ## **Charity name: Norton Canes Community Association** ## **Charity registration number:511674** ## **Objectives and Activities** |**Objectives and Activities**|**Objectives and Activities**|**Objectives and Activities**| |---|---|---| |SORP reference||| |Summary of the purposes of
the charity as set out in its
governing document
Para 1.17
Providing opportunities to promote
community wellbeing and improve quality of
life for Norton Canes residents and local
communities without distinction of political,
religious or any other opinions. To maintain
& manage the Community Centre to a high
standard.||| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.
Para 1.17 and
1.19
Accommodation for activities to provide
opportunities for the enhancement of
physical and educational wellbeing of local
residents.
These include:
Brownies
Card classes
Children’s Dancing classes
Dancing & Social evenings
Darby & Joan Club
Gentle Fit Boogie
Indoor Short Mat Bowls
Judo
Sewing Classes
Slimming Clubs
Social Groups/Communities
Sugar craft
Tai Chi Club
Wellbeing Group||| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|All trustees have had regard to the
guidance issued by the Charity
Commission on public benefit.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |SORP reference|SORP reference|| |---|---|---| |||N/A| Policy on grant making Para 1.38 N/A Para 1.38 Policy on social investment including program related investment N/A Para 1.38 Contribution made by volunteers N/A Other ## **Achievements and Performance** SORP reference General up keep to maintain a high standard of the premises and upgraded the Car Park to enhance accessibility. Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|N/A| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|N/A| |Investment performance
against objectives|Para 1.41|N/A| |---|---|---| |Other||N/A| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Refer to annual report| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|N/A| |Amount of reserves held|Para 1.22|N/A| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|N/A| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|N/A| |A description of the principal
risks facing the charity|Para 1.46|N/A| |Other||N/A| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Association| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|At the A.G.M every 4 years| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|N/A| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|N/A| |Relationship with any
related parties|Para 1.51|N/A| |Other||N/A| ## **Reference and Administrative details** **----- Start of picture text -----**
Charity name Norton Canes Community Association
Other name the charity uses
Registered charity number 511674
Charity’s principal address Brownhills Road
Norton Canes
Cannock, Staffordshire
WS11 9SF
**----- End of picture text -----**
**Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Ian Reeves Chairperson
2 Ian Reeves Secretary
3 Jacqueline Earp Booking Clerk
4 Annie Betts Treasurer
5 Jenny Dunn
6 John Preece
7 Josh Newbury
8 Diane Todd Parish Rep
9 Dale Bilbie Parish Rep
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
## – Corporate trustees names of the directors at the date the report was approved **Director name** N/A Name of trustees holding title to property belonging to the charity **----- Start of picture text -----**
Trustee name Dates acted if not for whole year
N/A
**----- End of picture text -----**
## **Funds held as custodian trustees on behalf of others** Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| |N/A||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |N/A||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details N/A ## **Other optional information** Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name{s) Position (eg Secretary, Chair, etc) Annie Betts Treasurer Date 23107125 Charity registration nurnber.. 511674 Norton Canes Community Association Annual Report and Financial Statements for the Year Ended 31 December 2024 Norton Canes Community Association Contents {continued) Reference and Administrative Details Trustees, Report Statement of Trustres, Responsibiltties Indepcndcnt Exarninels Report Ststemcnt of Financial Activities Balance Sheet Notes to the Financial Statements 7t014 Norton Canes Community Association Reference and Administrative Details ChAirm*n lan Reeves. Chair & Secretary Other Offiter$ Jenny Dunn Annie Betts, Treasurer Jacqueline Earp, Booking Clerk Dale Bilbie John Pree¢e Charlty Reg15tr*tlon Numb¢r 511674 PrlnclpAI Offlee Brownhills Road Norton Canes Staffordshire WSI19SF Indep¢nd¢nt Examlner Chase AccoUnt￿¢Y Limited 4 Ststion Court Girton Road Cannock Staffordshire WSII OEJ Page I Norton Canes Community Association Trustees, Report The tnjslees present the annual report together with the financial staternents of the charity for the year ended 31 December 2024. Objectlves ind *etlvldes Pmbllc beneflt The chArity operates a Community Centre for the benefit of the local ¢ommunity. The trustees ¢onfirni that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard lo the public benefit guidance published by the Charity Commission for England and Wales. The 8nnual report was approved by the trustees of the charity on 4 June 2025 and signed on its behalf by: Annie Belts Other officer lan Reeves Chaimian Page 2 Norton Canes Community Association Statement of Trustees, Responsibilities The trustees are responsible for preparing the truslees, report and ihe financial siatemenis in accordance with the United Kingdom Accounting Stsndards (Uniled Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the t￿￿teeS to preparc financial stalements for each financial year which give a true and fair view of the stste of affairs of the chariry and of the incoming resources and application of resources of the charity for that period. In preparing these financial stalements. the trusiees are required to.. select suitable accounting policies and then apply ihem consistently. observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject io any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless il ts inappropriate to presume that the charity will Conlinue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the ¢harity and enable them to cnsure that the financial stalemenis Comply with the Charilies A￿ 2011. the Charities {Ac¢ounts and Reports) Regulaiions 2008, and the provisions of the consiitution. The trustees are also responsible for safeguarding the assets of the charity and hence for (aking reasonable steps for the prevention and detection of fraud and other 1￿c8u1arl1l¢s. The trustees are responsible for the maintenance and integrity ofthe corporaie and financial inforniation included on the ¢hAriiable company's website. Legislation governing ihe preparntion and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on 4 June 2025 and signed on its behalf by: Annie Betts Other otTicer lan Reeves Chairnlan Page 3 Norton Canes Community Association Independent Examiner's Report to the trustees of Norton Canes Community Association I report to th¢ trustees on my examination of thc accounts of Norton Canes Community Association for the year ended 31 December 2024. Re$ponslbllliie$ and basls of report As the charity tNstees of Norton Canes Community Association you are responsible for the preparation of the a￿Ounts in accordance wilh the requirements of the Charities Act 2011 {'Ihe Act,). I report in respect of my examination of the Norton Canes Community Association's accounts Carried oul under section 145 of the 201 l Act and in carrying oul my examinaiion I have followed all the applicable Directions given by the Charity Commission under section 145(5llb) of the Acl. Independent ex4mlner's slAtement I have completed my examination. I confirni that no material matters have come to rny attenlion in comiection wilh ihe examination givin8 me cause to believe thal in any material respect: accounting records were noi kept in respect of Norton Canes Cornmunity Association as required by se¢tion 130 of the Act: or 2. the accounts do nol accord with those records. or 3. the accounts do nol comply with the accountin8 requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement thal the accounts give a 'true and fair view, which is noi a matter considered a5 part of an independent examination. I have no concerns and have come across no other matter5 in Connection with the examination io which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Rebecca Scott- Clegg AAT QB 4 Station Court Girton Road Cannock Stafford5hire WSII OEJ 4 June 2025 Page 4 Norton Canes Community Association Statement of Financial Activities for the Year Ended 31 Deeember 2024 Unrestrlcted funds Total 2024 Note Income and Endowments from: Donations and legacies Other trading activities Investment incorne Other income 770 15,502 592 28.752 770 15.502 592 28,752 Total in¢om¢ 45.616 45.616 Expendl¢ure on.. Raising funds Charitable activities (3,070) (42.0541 (3,070) 142,054) Total expenditure (45.124) 145.124) Net income 492 492 Net movement in funds 492 492 Reeollelllailon of funds Total fund5 brought forward 70.308 70,308 Totsl funds Carried forward 12 70,800 70.800 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 12. The notes on pages 7 10 14 forn] an integral pan ofthese financial st8temenls. Page 5 Norton Canes Community Association (Registration number: 511674) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed a$5ets Tangible assets 2,569 3.227 Current Assets Debtors C&sh at bank and in hand 93 69,781 io 68,515 69.874 68.515 Credliorg: Amounts fAlliThg due wlthln one year {1,643) 1,465 Net current assets 68,231 67,050 Net assets exeludlng penslon IIAblllty 68.231 67,050 Net assets 70,800 70,277 Funds of the ehArlty: Unre$trlcled Income fund8 Unrestricted 70,800 70,279 Totil funds 12 70,800 70,279 The financial slatements on pages 5 to 14 were approved by the tru5tce5. and authorised for issue on 4 June 2025 And signed on their behalf by.. Annie Betts Other olTicer lan Recvcs Chairnian The notes on pages 7 to 14 forni an integral part of these financial slatements. Page 6 Norton CaDes Community Association Notes to the Financial Statements for the Year Ended 31 December 2024 l AccountlDg poll¢le$ Statement of eompllAn¢e The financial statements have been prepared in accordance with the second edition of ihe Charities Statement of Recommended Pra¢li¢e issued in October 2019, Ihe Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charilies Act 201 BASIS of prtp*r#tlon Norton Cane5 Community Association meets the definition of a publi¢ benefit entity under FRS 102. The accounts (financial statemenis) have been prepared under the hislorical cosi ¢onvention with items recognised at cost or transaction value unless otherwse staled in the relevanl notels) to these accounts. Golng Concern The trustees consider that there are no material uncertainties aboul the ¢harity'S ability to continue as a going concern. Income And endowments Voluntary income including donaiions, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has cnliilemeni 10 ihe income, il is probable that the income will be received and the amount ¢an be measured with sufficienl reliability. Donallons and legacles Donations and legacies are recognised on a receivable basi5 when receipt is probable and the amount ¢an b¢ reliably measured. Grants recelvable Grants are recognised when the charity has an entitlement to the fiinds and any conditions linked to the grants have been met. Where perfom)an¢e conditions are attached io the grant and are yet to be met. the income is recognised as a liability And included on the balance sheet as defcrted income to be released. Investment Income Dividends are recognised once the dividend has been declared and notification has becn received of the dividend due. Expendliurt All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocaled to the applicable expendilure heading thai aggregaie similar costs lo that calegory. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent wÉth the use of resources, with cenlral siaff Costs allocated on the basis of lime spenl. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated b&sed on the spread of staff costs. Ratslngfunds These are costs incurred in attracting voluniary tn¢ome, the managernent of investments and thosc incurred in trading activities thai raise funds. Page 7 Norton Canes Community Association Notes to the Financial Statements for the Year Ended 31 Deeember 2024 (continued) Charltable acllvllles Charitable expenditure comprises those costs incurred by the charity in the delivery of its aclivities and services for its beneficiaries. It includes boih costs that can be all￿ated directly to such activities and those costs of an indirec¢ nature necessary to support ihem. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. for example. allo¢aling propety costs by floor areas. or per Capit4 slaff costs by the time spent and other costs by their usage. TaxAtIoD The charity is considered to pass ihe iests sei out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore tt meets the definition of a charitsble company for UK Corporation t&K purposes. Accordingly, the charity is potenlially exempt from l&xation in respect of income or Capital gains received within categories covered by Chapter 3 Part I l of ihe Corporation Tax Act 201 O or Seclion 256 of the Taxation of Chargeable Gains Act 1992, to the exient that such income or 8ains are applied exclusively to charitable purposes. TAnglble flxed Assets Individual fixed assets Costing £0.00 or more are inilially recorded at C05t. Icss any subsequent accumulated depreciation and subsequent accumulaied impainnent losses. Depreelatlon and amortlsAtlon Depreciaiion is provided on tangible fixed assets so as to write off the cost or valualion. less any estimated residual value. over their expected useful economic life a5 follows- Trnde debtors Trade debtors are amounts due from customers for merchandise sold or services perforn]ed in the ordinary course of business. Trade debiors are recognised initially at the transaction price. They are subsequently rneasured at amortised Cost using the effective intcrest method. less provision for impairnient. A provision for the impaimient of trade debtors is established when there is objective evidence that the charity will not be able to coll¢¢t all amounts due according to the original ternis of the receivables. Cash ¢a$h equlvalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly liquid investments ihat are readily Convertible to a known amount of cash and are subject to an insignificanl risk of change in value. Page 8 NortoD Canes Community Association Notes to the Financial StatemeDts for the Year Ended 31 December 2024 (continued) Borrowlngs Interest-bearing borrowings are initially recorded at fair value. net of transaction costs. Interest-bearing bo￿owing$ are subsequently carried at amortised cosL with the difference between the proceeds. net of transaction costs. and the amounl due on redemption being recognis￿ as a charge to the Ststement of Financial Activities ov¢r the period of the relevani l)orrowing. Interest expense is recognised on the basi5 of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional righi to defer settlement of the liability for at Icast twelve months after the reportin8 date. Fund structure Unrestricted income funds are general funds that are available for use ai the Irustees discretion in furtherance of the objectives of the Charity. FIDgnclal IDStruments Classlflcallon Financial assets and financial liabilities are recognised when the charity become5 a party lo the contrACtual provisions of the instrument. Financial liabilities and equity instruments are ¢l&ssified according 10 the substance of the coniractual arrangements entered into. An equity instrumeni is any ¢ontracl thal evidences a residual inierest in the assets of the charity after deducting all of ils liabililies. Recognlilon and Measurem￿￿1 All financial assets and liabilities are initially measured at transaction price (including transaciion costs), excepl for those financial assets classified as at fair value ihrough profit or loss. which are initially measured al fair value (which is nomially the transaction price excluding transaction costs}. unless the arrangemeni ¢onsiitutes a financing transaction. If an arrangement constitute5 a financing transaction, the financial asset or financial liability is measured at the present value of the fijture paymenis discounted at a market rale of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off ihe recognised amounts and the charity intend5 either to settle on net basis, or to realise the asset and settle the liability simulianeously. Financial assets are derecogniscd when and only when a) Ihe contractual rights lo the cash flows from the financial a55et expire or are settled, bl the charity tr￿Sfer5 to another party substantially all of the risks and rewards of ownership of the financial assel, or c) Ihe Charity. despite having retained some, bui not all, significant risks and rewards of ownershtp, has transferred control of the asset to anoiher party. Financial liabilities are derecognised only when the obligation specified in the contrnct is discharged, cancelled or expires. Page 9 Norton Canes Community Association Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Debt IN￿r￿ments Debt instruments which meet the following conditions are subsequently measured at amortised Cost using the effective interest method: (a) The contractual re￿rn to the holder is (i) a fixed amount- lil) a posirive fixed rate or a positive variable rate: or (iii) a combination of a positive or a negalive fixed rnte and a posiiive variable rate. (b) The contract may provide for repayments of the principal or the return io the holder (but not both} to be linked io a single relevant observable index of general price intlation of the currency in which the debt instrument is denominated. provided 5u¢h links are noi leveraged. {¢) The contract may provide for a deterniinable variation of the return to the holder during the life of the instrument, provided that li} the new rate salisfies condition (a) and the variation is not contingent on future ever)ts Olher than { I l a change of a ¢oniractua] variable rate. (21 to proleci ihe holder against credit deterioralion of the issuer-13) changes in levies applied by a ceniral bank or arising from change5 in relevant taxation or law: or (ill the new raie is a market rate of interest and satisfies condition (al. (d) There is no contraC￿al provision that Could, by its ternis, result in the holder losing the principal amount or any in(erest attributabl¢ to the current period or prior period5. le) Contraclual provisions that pernjit the issuer to prepay a debt instrurnent or pemiii the holder to put it back to the issuer before maturity are noi Contingent on future events, other than to proieci the holder a8ainst the credit deterioration of the issuer or a change in conlrol of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant ￿atIOn or law. (D Contraciual provisions may pennit the extension of the terni of the debi insirument, provided that the return to the holder and any other ¢ontra¢tual provisions applicable during the extended lem satisfy the conditions of paragraphs (a) to (c). Debt instruments that are classified a5 payable or receivable within one year on initial recognition &nd which Me￿ the above conditions are me&sured at the undiscounted amount of the cash or oiher consideration expected to be paid or received, net of impainnenl, With the ¢x¢eption of some hedging instNments, other debt instruments not meeting these condilions 8Te measured at fair value through profit or Ios5. Commitments to make and receive loans which meet the condilions mentioned above are measured at cost (which may be nil) Icss impaiment. Inve51ments Investments in non