## **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 Anna has been replaced by Lynda Cohen.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_