ADLINGTON & DISTRICT COMMUNITY ASSOCIATION Registered Charity no. 512625
TRUSTEES REPORT TO THE ANNUAL GENERAL MEETING
held on Monday 10 March 2025
Early in 2024, we discovered that the premises were inadequately insured & several items were not insured at all. Some items needed immediate attention & these were dealt with as quickly as possible. A new plan of the building was drawn up which will make it easier to identify any shortcomings in future.
The former community nursery donated the remainder of its assets to charities with similar objectives & the room was cleared. It has since been re-decorated & is now ready to be used as a meeting/conference room.
A new contract has been negotiated to cover the fire alarm, bar, fire extinguishers & emergency lighting.
It was decided to amend the premises licence to cover boxing events, rather than apply for a temporary events notice for each event. This is still ongoing.
Bank balances remain healthy but the roof needs substantial repairs which will cost approximately £12k. In addition, over £17k has been spent during the past year on repairs & maintenance.
New fridges have been purchased for the bar & an evacuation chair for use at events, if necessary.
The local food club has been assisted by allowing the use of one of the garages for storage of a fridge/freezer so that more unwanted food can be saved from landfill.
Margaret Smith compiled a history of the building with a timeline of significant dates & this is now displayed on the wall at the rear of the hall. An old bench dating back to the early 20[th] century has been renovated, a cushion added & now sits under the timeline.
Members were very sorry to lose our long time cleaner, Anna Crank, who was forced to retire because of ill health. We wish her a long & happy retirement. Anna has been replaced by Lynda Cohen.
Members were also saddened that Vincent Taylor, a founder member, former chairperson & more recently, treasurer, resigned at the end of the year, again because of health problems. Vincent will continue to be available in an advisory capacity. We wish Vincent a long & happy retirement also.
Ralph Vincent has been appointed as our new treasurer & took over on 1 January 2025.
The centre continues to host many organisations & a variety of activities, including two very successful amateur dramatic groups who put on several shows per year.
Thanks to all the hardworking volunteers who dedicate a lot of time & effort into running the centre successfully.
Jeanette Lowe Trustee/Secretary
March 2025
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
Income Statement for the year ended 31 December 2024
| 2023 2024 Notes £ £ |
2023 2024 Notes £ £ |
|---|---|
| OPERATING INCOME Room Hire 33,268 33,286 Bar Proft 1 26,669 26,285 Total Operating Income 59,937 59,571 |
|
| 59,937 59,571 |
|
| OPERATING COSTS Gas Electricity Total Energy Costs |
|
| 2,225 3,043 3,540 4,415 |
|
| 5,765 7,458 |
|
| Cleaning labour 5,647 6,039 Cleaning Materials 696 1,630 Donations/Events 2,075 2,020 Licences & Fees 622 826 Water 1,204 1,722 Insurance 3,141 3,985 Annual Contracts 2,103 2,189 Telephone (200) 880 Depreciation 4 14,224 16,626 Repairs & Maintenance 16,991 17,561 Loss on disposal of fxed assets 3,081 - Total Operating Costs 55,349 60,936 |
|
| 55,349 60,936 |
|
| OPERATING PROFIT/(LOSS) | 4,588 (1,365) |
| ADMINISTRATION COSTS 2 784 1,615 |
|
| OTHER INCOME 3 9,517 13,678 |
|
| PROFIT FOR THE YEAR | 13,321 10,698 |
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
Statement of Financial Position at 31 December 2024
| 2023 2024 Notes £ £ |
2023 2024 Notes £ £ |
|
|---|---|---|
| ASSETS FIXED ASSETS Freehold Land & Buildings Furniture Equipment & Garages Total Fixed Assets CURRENT ASSETS Bar stock at cost Debtors Bank Cash Jubilee coins at nominal value Total Current Assets |
||
| 122,375 123,923 4,515 8,916 58,039 55,088 |
||
| 4 184,929 187,927 |
||
| 1 2,507 4,019 5 3,711 - 6 168,466 179,336 1,578 645 8 8 |
||
| 176,270 184,008 |
||
| TOTAL ASSETS | 361,199 371,935 |
|
| CURRENT LIABILITIES | 7 2,681 2,719 |
|
| NET ASSETS | 358,518 369,216 |
|
| ACCUMULATED FUND At the start of the year Proft for the year |
||
| 345,197 358,518 13,321 10,698 |
||
| 358,518 369,216 |
||
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
| Notes to the Accounts for the year ended 31 December 2024 | Notes to the Accounts for the year ended 31 December 2024 |
|---|---|
| 2023 2024 £ £ |
|
| 1. BAR TRADING AND PROFIT & LOSS ACCOUNT Opening Stock Purchases Closing stock Cost of Sales |
|
| 2,801 2,507 27,870 29,807 (2,507) (4,019) |
|
| 28,164 28,295 |
|
| Sales | 62,717 67,516 |
| Gross proft Gross proft % |
34,553 39,221 55.1% 58.1% |
| Expenses System and card costs Repairs & Maintenance Out of pocket expenses Sundries Total Expenses |
|
| - 2,302 4,158 4,265 3,420 5,985 306 384 |
|
| 7,884 12,936 |
|
| Net Proft Net Proft % |
26,669 26,285 |
| 42.5% 38.9% |
|
| 2. ADMINISTRATION COSTS Misc expenses Computer systems Honorariums etc Total Administration Costs |
|
| 429 468 355 97 - 1,050 |
|
| 784 1,615 |
|
| 3. OTHER INCOME Grants and Donations John Slater Foundation Interest Investment revaluation Electricity Feed In Tarif Misc Total Other Income |
|
| 3,000 3,000 1,388 1,296 - 4,151 5,129 4,899 - 332 |
|
| 9,517 13,678 |
|
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
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 tariff.
Computers and certain items of short life furniture are depreciated at 25% of cost per annum intending to write off each asset over 4 years.
Other assets are depreciated at a rate of 10% of cost per annum intending to write each asset off over 10 years.
| Land & Buildings Furniture Equipment & Garages Total |
Land & Buildings Furniture Equipment & Garages Total |
Land & Buildings Furniture Equipment & Garages Total |
Land & Buildings Furniture Equipment & Garages Total |
|
|---|---|---|---|---|
| Original cost At 1 January 2024 Disposals in the year Additions this year At 31 December 2024 |
||||
| 122,375 33,262 159,257 314,894 0 1,548 8,075 10,001 19,624 |
||||
| 123,923 41,337 169,258 334,518 |
||||
| Depreciation At 1 January 2024 Disposals in the year Charged for the current year At 31 December 2024 |
||||
| 28,747 101,218 129,965 0 3,674 12,952 16,626 |
||||
| 32,421 114,170 146,591 |
||||
| Net book value At 1 January 2024 122,375 4,515 58,039 184,929 Disposals in the year 0 Additions this year 1,548 8,075 10,001 19,624 Depreciation charged this year (3,674) (12,952) (16,626) At 31 December 2024 123,923 8,916 55,088 187,927 |
||||
| 123,923 | 8,916 | 55,088 | 187,927 | |
| 2023 2024 £ £ 3,711 - |
||||
| 5. DEBTORS Room Hire Total debtors |
||||
| 3,711 - |
||||
| 6. BANK R.B.S. Current account R.B.S. High interest account Invested (Virgin 2023, M&G 2024) Total bank |
||||
| 918 513 82,789 54,672 84,759 124,151 |
||||
| 168,466 179,336 |
||||
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
7. CURRENT LIABILITIES
| 7. CURRENT LIABILITIES | ||
|---|---|---|
| Deposits for hall hire | 250 | 150 |
| Gas | 60 | 296 |
| Water | 94 | 135 |
| Electricity | 458 | 1126 |
| Other | 1819 | 1012 |
| 2,681 | 2,719 |
Independent Auditor’s Report
I have audited the financial statements of Adlington and District Community Association for the year ended 31 December 2024 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 2024 and the profit for the year.
D Worsley. 17 March 2025
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
Income Statement for the year ended 31 December 2024
| 2023 2024 Notes £ £ |
2023 2024 Notes £ £ |
|---|---|
| OPERATING INCOME Room Hire 33,268 33,286 Bar Proft 1 26,669 26,285 Total Operating Income 59,937 59,571 |
|
| 59,937 59,571 |
|
| OPERATING COSTS Gas Electricity Total Energy Costs |
|
| 2,225 3,043 3,540 4,415 |
|
| 5,765 7,458 |
|
| Cleaning labour 5,647 6,039 Cleaning Materials 696 1,630 Donations/Events 2,075 2,020 Licences & Fees 622 826 Water 1,204 1,722 Insurance 3,141 3,985 Annual Contracts 2,103 2,189 Telephone (200) 880 Depreciation 4 14,224 16,626 Repairs & Maintenance 16,991 17,561 Loss on disposal of fxed assets 3,081 - Total Operating Costs 55,349 60,936 |
|
| 55,349 60,936 |
|
| OPERATING PROFIT/(LOSS) | 4,588 (1,365) |
| ADMINISTRATION COSTS 2 784 1,615 |
|
| OTHER INCOME 3 9,517 13,678 |
|
| PROFIT FOR THE YEAR | 13,321 10,698 |
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
Statement of Financial Position at 31 December 2024
| 2023 2024 Notes £ £ |
2023 2024 Notes £ £ |
|
|---|---|---|
| ASSETS FIXED ASSETS Freehold Land & Buildings Furniture Equipment & Garages Total Fixed Assets CURRENT ASSETS Bar stock at cost Debtors Bank Cash Jubilee coins at nominal value Total Current Assets |
||
| 122,375 123,923 4,515 8,916 58,039 55,088 |
||
| 4 184,929 187,927 |
||
| 1 2,507 4,019 5 3,711 - 6 168,466 179,336 1,578 645 8 8 |
||
| 176,270 184,008 |
||
| TOTAL ASSETS | 361,199 371,935 |
|
| CURRENT LIABILITIES | 7 2,681 2,719 |
|
| NET ASSETS | 358,518 369,216 |
|
| ACCUMULATED FUND At the start of the year Proft for the year |
||
| 345,197 358,518 13,321 10,698 |
||
| 358,518 369,216 |
||
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
| Notes to the Accounts for the year ended 31 December 2024 | Notes to the Accounts for the year ended 31 December 2024 |
|---|---|
| 2023 2024 £ £ |
|
| 1. BAR TRADING AND PROFIT & LOSS ACCOUNT Opening Stock Purchases Closing stock Cost of Sales |
|
| 2,801 2,507 27,870 29,807 (2,507) (4,019) |
|
| 28,164 28,295 |
|
| Sales | 62,717 67,516 |
| Gross proft Gross proft % |
34,553 39,221 55.1% 58.1% |
| Expenses System and card costs Repairs & Maintenance Out of pocket expenses Sundries Total Expenses |
|
| - 2,302 4,158 4,265 3,420 5,985 306 384 |
|
| 7,884 12,936 |
|
| Net Proft Net Proft % |
26,669 26,285 |
| 42.5% 38.9% |
|
| 2. ADMINISTRATION COSTS Misc expenses Computer systems Honorariums etc Total Administration Costs |
|
| 429 468 355 97 - 1,050 |
|
| 784 1,615 |
|
| 3. OTHER INCOME Grants and Donations John Slater Foundation Interest Investment revaluation Electricity Feed In Tarif Misc Total Other Income |
|
| 3,000 3,000 1,388 1,296 - 4,151 5,129 4,899 - 332 |
|
| 9,517 13,678 |
|
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
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 tariff.
Computers and certain items of short life furniture are depreciated at 25% of cost per annum intending to write off each asset over 4 years.
Other assets are depreciated at a rate of 10% of cost per annum intending to write each asset off over 10 years.
| Land & Buildings Furniture Equipment & Garages Total |
Land & Buildings Furniture Equipment & Garages Total |
Land & Buildings Furniture Equipment & Garages Total |
Land & Buildings Furniture Equipment & Garages Total |
|
|---|---|---|---|---|
| Original cost At 1 January 2024 Disposals in the year Additions this year At 31 December 2024 |
||||
| 122,375 33,262 159,257 314,894 0 1,548 8,075 10,001 19,624 |
||||
| 123,923 41,337 169,258 334,518 |
||||
| Depreciation At 1 January 2024 Disposals in the year Charged for the current year At 31 December 2024 |
||||
| 28,747 101,218 129,965 0 3,674 12,952 16,626 |
||||
| 32,421 114,170 146,591 |
||||
| Net book value At 1 January 2024 122,375 4,515 58,039 184,929 Disposals in the year 0 Additions this year 1,548 8,075 10,001 19,624 Depreciation charged this year (3,674) (12,952) (16,626) At 31 December 2024 123,923 8,916 55,088 187,927 |
||||
| 123,923 | 8,916 | 55,088 | 187,927 | |
| 2023 2024 £ £ 3,711 - |
||||
| 5. DEBTORS Room Hire Total debtors |
||||
| 3,711 - |
||||
| 6. BANK R.B.S. Current account R.B.S. High interest account Invested (Virgin 2023, M&G 2024) Total bank |
||||
| 918 513 82,789 54,672 84,759 124,151 |
||||
| 168,466 179,336 |
||||
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
7. CURRENT LIABILITIES
| 7. CURRENT LIABILITIES | ||
|---|---|---|
| Deposits for hall hire | 250 | 150 |
| Gas | 60 | 296 |
| Water | 94 | 135 |
| Electricity | 458 | 1126 |
| Other | 1819 | 1012 |
| 2,681 | 2,719 |
Independent Auditor’s Report
I have audited the financial statements of Adlington and District Community Association for the year ended 31 December 2024 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 2024 and the profit for the year.
D Worsley. 17 March 2025