## **ADLINGTON & DISTRICT COMMUNITY ASSOCIATION** _**Registered Charity no. 512625**_ ## **TRUSTEES REPORT TO THE ANNUAL GENERAL MEETING held on Monday 11 March 2024** Over the year members have continued to improve the centre by having further roof repairs, hot water fed into the toilets, the floor in the main hall sanded and sealed, the beams repaired and strengthened, and many other small jobs done. The lounge has also been redecorated and blinds added to replace the curtains. Sadly, the Community Nursery had to close at the end of March as it had become too difficult to recruit sufficient staff to run it. The nursery had been an integral part of the building for over 30 years & the staff assisted with many housekeeping functions on behalf of the association. To celebrate the coronation of King Charles III, a large screen was erected in the hall and members of the public were invited to bring, or buy, a picnic lunch, and watch the coronation. The event was well supported and enjoyed by all. All those attending were given a commemorative pen provided by Adlington Carnival committee. Committee members were asked for permission to sign up to receive correspondence from the association by email, to comply with GDPR legislation. All members have complied with this request. It was necessary to raise the hire charges again in June, in line other organisations, because of the cost of living. It was agreed that funds should be transferred from the Virgin bank account and invested in bonds to get a better return. A request was received from the Adlington Youth Group for financial assistance to keep the group going. Since its inception, the Youth Group has helped to reduce the amount of anti-social behaviour in the village. It was agreed to donate £2000 towards the running costs. The centre continues to host many diverse groups including ballroom dancing, jive & salsa dances, baby yoga, sign language for children, fashion shows, plus entertainment evenings. The two local amateur dramatic societies continue to use the centre for rehearsals and as a venue for their shows. Local dance schools also hire the hall for their shows. The centre is available for private hire, birthday parties and wedding receptions and is fully booked all year round. Thanks to all the hardworking volunteers who dedicate a lot of time to keeping the centre running smoothly and to Anna, our cleaner who keeps the building spotless. Jeanette Lowe Trustee/Secretary March 2024 ## **ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION** ## **Income Statement for the year ended 31 December 2023** |**2022**
**2023**
**Notes**
**£**
**£**|**2022**
**2023**
**Notes**
**£**
**£**| |---|---| |**OPERATING INCOME**
**Room Hire**
26,835
33,268
**Bar Proft**
1
26,167
26,669
**Total Operating Income**
53,002
59,937|| ||53,002
59,937| ||| |**OPERATING COSTS**
**Gas**
**Electricity**
**Total Energy Costs**|| ||2,852
2,225
2,925
3,540| ||5,777
5,765| ||| |**Cleaning labour**
4,724
5,647
**Cleaning Materials**
1,536
696
**Donations/Events**
351
2,075
**Licences & Fees**
471
622
**Water**
1,895
1,204
**Business rates**
302
-
**Insurance**
2,490
3,141
**Annual Contracts**
1,648
2,103
**Telephone**
1,552
(200)
**Depreciation**
4
14,336
14,224
**Repairs & Maintenance**
7,737
16,991
**Loss on disposal of fxed assets**
780
3,081
**Total Operating Costs**
43,599
55,349|| ||43,599
55,349| ||| |**OPERATING PROFIT/(LOSS)**|9,403
4,588| ||| |**ADMINISTRATION COSTS**
2
523
784|| ||| |**OTHER INCOME**
3
13,765
9,517|| ||| |**PROFIT FOR THE YEAR**|22,645
13,321| ||| ||| ||| ||| ||| ||| ||| **ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION** |**Statement of Financial Position at 31 December 2023**|**Statement of Financial Position at 31 December 2023**| |---|---| |**2022**
**2023**
**Notes**
**£**
**£**|| |**ASSETS**
**FIXED ASSETS**
**Freehold Land & Buildings**
122,375
122,375
**Furniture**
7,146
4,515
**Equipment & Garages**
55,423
58,039
**Total Fixed Assets**
4
184,944
184,929
**CURRENT ASSETS**
**Bar stock at cost**
1
2,801
2,507
**Debtors**
5
1,525
3,711
**Bank**
6
160,186
168,466
**Cash**
914
1,578
**Jubilee coins at nominal value**
8
8
**Total Current Assets**
165,434
176,270|| ||| ||122,375
122,375
7,146
4,515
55,423
58,039| ||165,434
176,270| ||| |**TOTAL ASSETS**|350,378
361,199| ||| |**CURRENT LIABILITIES**
7
4,985
2,681|| ||| |**NET ASSETS**|345,393
358,518| ||| ||| |**ACCUMULATED FUND**
**At the start of the year**
**Proft for the year**|| ||322,552
345,197
22,645
13,321| ||345,197
358,518| ||| ||| ||| ||| ||| ||| ||| ||| ||| ||| ||| ||| **ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION** |**Notes to the Accounts for the year ended 31 December 2023**|**Notes to the Accounts for the year ended 31 December 2023**|**Notes to the Accounts for the year ended 31 December 2023**| |---|---|---| ||**2022**
**2023**
**£**
**£**|| |||| |**1. BAR TRADING AND PROFIT & LOSS ACCOUNT**
**Opening Stock**
**Purchases**
**Closing stock**
**Cost of Sales**||| ||3,086
2,801
26,129
27,870
(2,801)
(2,507)|| ||26,414
28,164|| |||| |**Sales**|59,924|62,717| |||| |**Gross proft**
**Gross proft %**|33,510
34,553
55.9%
55.1%|| |||| |**Expenses**
**Repairs & Maintenance**
**Out of pocket expenses**
**Sundries**
**Total Expenses**||| ||3,898
4,158
3,400
3,420
45
306|| ||7,343
7,884|| |||| |||| |**Net Proft**
**Net Proft %**|26,167
26,669|| ||43.7%
42.5%|| |||| |||| |**2. ADMINISTRATION COSTS**
**Misc expenses**
**Computer systems**
**Total Administration Costs**||| ||223
429
300
355|| ||523
784|| |||| |||| |**3. OTHER INCOME**
**Grants and Donations**
**John Slater Foundation**
**Chorley Borough Council**
**Total Donations**||| |||| ||6,000
3,000
2,667
-|| ||8,667
3,000|| |||| |||| |||| |||| **ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION** ||||**2022**
**2023**
**£**
**£**
362
1,388
4,456
5,129
280
-|**2022**
**2023**
**£**
**£**
362
1,388
4,456
5,129
280
-| |---|---|---|---|---| |**3. OTHER INCOME (continued)**
**Interest**
**Electricity Feed In Tarif**
**Misc**
**Total Other Income**||||| ||||13,765
9,517|| |||||| |**4. FIXED ASSETS**
Land and buildings are not depreciated and are held at cost.
The solar panels are included in Equipment and are depreciated at 4% of cost
per annum which is equivalent to the 25 year life of the feed in tarif.
Computers and certain items of short life furniture are depreciated at 25%
of cost per annum intending to write of each asset over 4 years.
Other assets are depreciated at a rate of 10% of cost per annum intending to write
each asset of over 10 years.||||| |||||| |||||| ||**Land &**
**Buildings**
**Furniture Equipment**
**& Garages**
**Total**|||| |**Original cost**
**At 1 January 2023**
**Disposals in the year**
**Additions this year**
**At 31 December 2023**||||| ||122,375
33,965
162,100
318,440
(1,551)
(21,172)
(22,723)
848
18,329
19,177|||| ||122,375
33,262
159,257
314,894|||| |||||| |**Depreciation**
**At 1 January 2023**
**Disposals in the year**
**Charged for the current year**
**At 31 December 2023**||||| |||26,819
106,677
133,496
(925)
(16,830)
(17,755)
2,853
11,371
14,224||| |||||| |||||| |||28,747
101,218
129,965||| |||||| |**Net book value**
**At 1 January 2023**
122,375
7,146
55,423
184,944
**Disposals in the year**
(626)
(4,342)
(4,968)
**Additions this year**
848
18,329
19,177
**Depreciation charged this year**
(2,853)
(11,371)
(14,224)
**At 31 December 2023**
122,375
4,515
58,039
184,929||||| ||122,375|4,515|58,039|184,929| |||||| |||||| |||||| |||||| |||||| |||||| **ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION** ||**2022**|**2023**| |---|---|---| |**5. DEBTORS**|**£**|**£**| |**Room Hire**|1,525|3,711| |**Prepayments**|-|-| |**Total debtors**|1,525|3,711| |**6. BANK**||| |**R.B.S. Current account**|526|918| |**R.B.S. High interest account**|75,377|82,789| |**Virgin charity deposit account**|84,283|84,759| |**Total bank**|160,186|168,466| |**7. CURRENT LIABILITIES**||| |**Deposits for hall hire**|780|250| |**Gas**|419|60| |**Water**|30|94| |**Electricity**|2500|458| |**Other**|1256|1819| ||4,985|2,681| ## **Independent Auditor’s Report** I have audited the financial statements of Adlington and District Community Association for the year ended 31 December 2023 which comprise the Trustees’ Report, the Income Statement, the Statement of Financial Position and the related notes. In my opinion the Trustees' Report and Financial Statements give a true and fair view of the association’s affairs at 31 December 2023 and the profit for the year. _D Worsley. 18 April 2024_ ## **ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION** ## **Income Statement for the year ended 31 December 2023** |**2022**
**2023**
**Notes**
**£**
**£**|**2022**
**2023**
**Notes**
**£**
**£**| |---|---| |**OPERATING INCOME**
**Room Hire**
26,835
33,268
**Bar Proft**
1
26,167
26,669
**Total Operating Income**
53,002
59,937|| ||53,002
59,937| ||| |**OPERATING COSTS**
**Gas**
**Electricity**
**Total Energy Costs**|| ||2,852
2,225
2,925
3,540| ||5,777
5,765| ||| |**Cleaning labour**
4,724
5,647
**Cleaning Materials**
1,536
696
**Donations/Events**
351
2,075
**Licences & Fees**
471
622
**Water**
1,895
1,204
**Business rates**
302
-
**Insurance**
2,490
3,141
**Annual Contracts**
1,648
2,103
**Telephone**
1,552
(200)
**Depreciation**
4
14,336
14,224
**Repairs & Maintenance**
7,737
16,991
**Loss on disposal of fxed assets**
780
3,081
**Total Operating Costs**
43,599
55,349|| ||43,599
55,349| ||| |**OPERATING PROFIT/(LOSS)**|9,403
4,588| ||| |**ADMINISTRATION COSTS**
2
523
784|| ||| |**OTHER INCOME**
3
13,765
9,517|| ||| |**PROFIT FOR THE YEAR**|22,645
13,321| ||| ||| ||| ||| ||| ||| ||| **ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION** |**Statement of Financial Position at 31 December 2023**|**Statement of Financial Position at 31 December 2023**| |---|---| |**2022**
**2023**
**Notes**
**£**
**£**|| |**ASSETS**
**FIXED ASSETS**
**Freehold Land & Buildings**
122,375
122,375
**Furniture**
7,146
4,515
**Equipment & Garages**
55,423
58,039
**Total Fixed Assets**
4
184,944
184,929
**CURRENT ASSETS**
**Bar stock at cost**
1
2,801
2,507
**Debtors**
5
1,525
3,711
**Bank**
6
160,186
168,466
**Cash**
914
1,578
**Jubilee coins at nominal value**
8
8
**Total Current Assets**
165,434
176,270|| ||| ||122,375
122,375
7,146
4,515
55,423
58,039| ||165,434
176,270| ||| |**TOTAL ASSETS**|350,378
361,199| ||| |**CURRENT LIABILITIES**
7
4,985
2,681|| ||| |**NET ASSETS**|345,393
358,518| ||| ||| |**ACCUMULATED FUND**
**At the start of the year**
**Proft for the year**|| ||322,552
345,197
22,645
13,321| ||345,197
358,518| ||| ||| ||| ||| ||| ||| ||| ||| ||| ||| ||| ||| **ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION** |**Notes to the Accounts for the year ended 31 December 2023**|**Notes to the Accounts for the year ended 31 December 2023**|**Notes to the Accounts for the year ended 31 December 2023**| |---|---|---| ||**2022**
**2023**
**£**
**£**|| |||| |**1. BAR TRADING AND PROFIT & LOSS ACCOUNT**
**Opening Stock**
**Purchases**
**Closing stock**
**Cost of Sales**||| ||3,086
2,801
26,129
27,870
(2,801)
(2,507)|| ||26,414
28,164|| |||| |**Sales**|59,924|62,717| |||| |**Gross proft**
**Gross proft %**|33,510
34,553
55.9%
55.1%|| |||| |**Expenses**
**Repairs & Maintenance**
**Out of pocket expenses**
**Sundries**
**Total Expenses**||| ||3,898
4,158
3,400
3,420
45
306|| ||7,343
7,884|| |||| |||| |**Net Proft**
**Net Proft %**|26,167
26,669|| ||43.7%
42.5%|| |||| |||| |**2. ADMINISTRATION COSTS**
**Misc expenses**
**Computer systems**
**Total Administration Costs**||| ||223
429
300
355|| ||523
784|| |||| |||| |**3. OTHER INCOME**
**Grants and Donations**
**John Slater Foundation**
**Chorley Borough Council**
**Total Donations**||| |||| ||6,000
3,000
2,667
-|| ||8,667
3,000|| |||| |||| |||| |||| **ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION** ||||**2022**
**2023**
**£**
**£**
362
1,388
4,456
5,129
280
-|**2022**
**2023**
**£**
**£**
362
1,388
4,456
5,129
280
-| |---|---|---|---|---| |**3. OTHER INCOME (continued)**
**Interest**
**Electricity Feed In Tarif**
**Misc**
**Total Other Income**||||| ||||13,765
9,517|| |||||| |**4. FIXED ASSETS**
Land and buildings are not depreciated and are held at cost.
The solar panels are included in Equipment and are depreciated at 4% of cost
per annum which is equivalent to the 25 year life of the feed in tarif.
Computers and certain items of short life furniture are depreciated at 25%
of cost per annum intending to write of each asset over 4 years.
Other assets are depreciated at a rate of 10% of cost per annum intending to write
each asset of over 10 years.||||| |||||| |||||| ||**Land &**
**Buildings**
**Furniture Equipment**
**& Garages**
**Total**|||| |**Original cost**
**At 1 January 2023**
**Disposals in the year**
**Additions this year**
**At 31 December 2023**||||| ||122,375
33,965
162,100
318,440
(1,551)
(21,172)
(22,723)
848
18,329
19,177|||| ||122,375
33,262
159,257
314,894|||| |||||| |**Depreciation**
**At 1 January 2023**
**Disposals in the year**
**Charged for the current year**
**At 31 December 2023**||||| |||26,819
106,677
133,496
(925)
(16,830)
(17,755)
2,853
11,371
14,224||| |||||| |||||| |||28,747
101,218
129,965||| |||||| |**Net book value**
**At 1 January 2023**
122,375
7,146
55,423
184,944
**Disposals in the year**
(626)
(4,342)
(4,968)
**Additions this year**
848
18,329
19,177
**Depreciation charged this year**
(2,853)
(11,371)
(14,224)
**At 31 December 2023**
122,375
4,515
58,039
184,929||||| ||122,375|4,515|58,039|184,929| |||||| |||||| |||||| |||||| |||||| |||||| **ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION** ||**2022**|**2023**| |---|---|---| |**5. DEBTORS**|**£**|**£**| |**Room Hire**|1,525|3,711| |**Prepayments**|-|-| |**Total debtors**|1,525|3,711| |**6. BANK**||| |**R.B.S. Current account**|526|918| |**R.B.S. High interest account**|75,377|82,789| |**Virgin charity deposit account**|84,283|84,759| |**Total bank**|160,186|168,466| |**7. CURRENT LIABILITIES**||| |**Deposits for hall hire**|780|250| |**Gas**|419|60| |**Water**|30|94| |**Electricity**|2500|458| |**Other**|1256|1819| ||4,985|2,681| ## **Independent Auditor’s Report** I have audited the financial statements of Adlington and District Community Association for the year ended 31 December 2023 which comprise the Trustees’ Report, the Income Statement, the Statement of Financial Position and the related notes. In my opinion the Trustees' Report and Financial Statements give a true and fair view of the association’s affairs at 31 December 2023 and the profit for the year. _D Worsley. 18 April 2024_