LLrrLEY commuN￿y ASSOCIATION Charity Registration Number 516095 TRUSTEES REPORT AND ACCOUNTS YEAR ENDED 315r MARCH 2024 P & R TAXATION SERVICES I HAMIryON GARDENS PEDMORE STOURBRIDGE DY9 OAW LUTLEY COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LUTLEY COMMUNITY ASSOCIATION I report on the accounts of the Charity for the year ended 31.sl March 2024which are set oui on pages 3 10 8. Respective responsibilitics of Trii%lccs lln(l F.Auiiiincr The charily's IrusiLes .Ire rL'sponsiblL' Icir IIIL. prcparalion of ihe accounts. The charity's trusiees consider iliat an audil is nol required for iliis ycar(under seclion 43(2) of the Charities Act 199.) (Ihi 1993 Act)and that an indcpcndenl examination is needed It is m%, resw)nsibilitN' 10: Examine thL aclounts (under seclion 43(3Ma) ofthe 1993 Act) to folloii the proLL"durL"s laid doivn in il)e Generals Direclion given by the Charity Commissioners(under se¢lion 43(7)(b) of the 1993 Act) and io state iihether particular matlers have come to my attention Basis of independent eiaminer's report M! eiaminaiioii carried out in accordance with the General Directions given by the ChariTh Commissioners. An examination includes a revie￿, of the accounting records kept bl, Ihe charitN and a comparison of the accounts presented with those records. It also includes consideratTron of any unusual items or disclosures in the accounts .and seeking explanaiions t-rom )'ou as trusiees concerning any such matters. The procedures undenaken do not provide all the evidence that would be required in an audit and consequenil). I do not express an audit opinion on the vieiv given by the accounis. Independent examiner's statement In conneciion with my examinatlon no mailer has come to my aiienlion (l) Vl'hich gives me reasonable cause to believe ihat in any material respect the requirements io keep accounting records in accordance with section 41 of the 199) Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act have not been met :or (2) to which in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. P & R Taxation Services l Hampton Gardens Pedmore Stourbridge West Midlands DY9 OA W 29111124 LUTLEY COM￿[uNITy ASSOCIAT50N STATEMENTOF FINANCIAL ACTIVITIES YEAR ENDED 3 1ST MARCH 2024 Tolal Toial 2024 2023 Incoming resources Donations & Siniilar Incoming resources Actii'ities in furtherance of the iharitN s objects 3 Bank Interest 100 89 68888 67433 Total incomino resources Resources eipended Costs of 2enerniing funds 4 Charilable expendilure Centre costs Governance costs 68988 67522 68645 64295 1845 1965 Total resources expended 70490 66260 Net incoming (outgoing) Resources for the )'ear (1502) 1262 Total Funds a(31" March 2023 11721 10120 Totsl funds at 315¢ March 2024 8502 11382 The notes on pages 5 to 8 form part of these accounts LUTLEY CONIMLINITY ASSOCIATION BALANCE SIIEF.T 31. MARCII 2024 Nole 2024 2023 Fixed Assets Fumilure & Equipmenl 2982 3990 CUr￿n1 assets Debtors and prepaTr'ments Clubs, Sc)i ieties reserve account Bank curr¢ni accounl Cash in hand 3000 ?870 250 150 301)0 5017 250 164 6270 8431 Liabilities:due ii'ithin one )'ear Crediiors & accruals 750 700 el current assets 5520 7731 Net assets 8502 11721 Funds Restricted Unreslricied Nil 1721 10 8502 8502 1721 Approved by the trustees on and signed on their behalf by: ) Trustees The notes on page 5 to 8 form part of these accounts LUTLEY COMN1UNITY ASSOCIATION NOTES TO TIIE ACCOUNTS YEAR ENDF.D3151 MARCH 2024 l Accounting Policies a Accounting coniention The accounis haN'L bLLlI pfLpafL'd undLr Ihc liislcirical costs convenlion,and follow The Sialenienl of RLxoniniL'ndL'd l)racliLL.Accouniing and Reporting by Charities (Charilies SORP ?005) aiid applicable accounling) slandards b Incoming resources Inii)IIIjIIL) resouriLS Irom ihc Centre are recogni7.ed in the Statement of Financial ,4ilii'ilies in Ilie i Lar in iwhiLh Ihey are receivable Granls are recc)gnized in the Sialemenl of Financial Activilies in the year in which theN' atE receiiyable InN'estment income is included when receivable VoluniaTh' income received by way of a donations and gifts is included in full in the Siatement of Financial Activilies Vihen received.The value of services proNided by the volunleets has not been included DoDations Donalions received for the general purposes of the Chariiy are crediled to -Unrestricled Funds" Donations received in connection with specific projecis are credited 10 "'Restricted Funds". d Resources expended Resources expended are recognized in the period in which they are incurred e Tangible fixed assets and depreciation Tangible fixed assels are stated ai cost. Depreciation is calculated io wrile down the cosl of assels over their expected useful lives at the following rates Furniture and Equipment etc 25 % reducing balance 2 Donations and similar incoming resource Restricted Funds Unresiricted Funds 2023 2024 Subscriptions & Donations Grants 89 100 Nil Nil 89 100 ST LUTLEY COMMUNITY ASSN NOTESTO THE ACCOUNTS ICONTINUEDI YEAR ENDED 31 MARCH 24 ACTIVITIES IN FURTHERANCE OF THE CHARITY'S OBJECTS Total Total 2024 2023 Hire Fee5 Groups 61762 63580 Privaate S684 2459 Fund Raising 1442 1394 Membership & Donations 100 89 Totals 68988 67522 Centre Costs Gas 10710 7610 Electricity 11555 4296 Water Insurance 1471 2669 Wages and Nat Ins etc 34129 35512 Secretarial Services & Admin Window Cleaning & Waste 3383 1530 Capital Expenditure Repairs & Maintainance 3663 5319 Miscellaneous 25 76 Subscriptions & Licenses 416 2502 Security 2070 3406 Fund Raising 225 44 Depreciation 998 1331 Totals 68645 64295 Trading Profit 343 3227 Governance Costs 1845 1965 Nel trading loss/profit 11502} 1262 LUTLEY COMMUNITY ASSOCIATION NOTES TO THE ACCOUNI'S(conlinued) YF.AR ENDF.D 31S1 MARCH 2024 6 Goi'ernance costs Tolxl Total 21124 2023 Telephone Equipnieiii Hire PosiaL)e Staliciii¢rN & photocopies Acii)unianiN' AGNI eNpenses 1092 1178 87 700 Nil 750 Nil 1845 1965 7 Net incoming (outgoing}resources The t-olloii inb) jliiiis are included in arriving at net incoming{outgoing)resources: 2024 2023 Wa(yes & Salaries and Social Securiiy Costs 34129 35512 Depreciation Independent examiners fees 998 750 1331 700 8 Fiied assets Furniture & Equipment etc Cost or valuation At 31° March 2023 Additions Disposals 57402 At 315L March 2024 Depreciation Al i ISI March 2023 Charge for the year Disposals 57402 53412 998 At 3151 March 2024 54410 Net book value At 31 ¥1 March 2023 At 31" March 2024 3990 2982 LUTLEY CCIN1￿1[lNVTy ASSOCIATI()N INOTES TO THF. ACCOLINI"S (conlinucd) I EAR Tr:P41)F:I) 31S"I" MARCII 2024 9 Restricled Funds BglanL¢ 311.1123 ReL¢ived iii year Used Balance in y¢ar 3113124 Nil Loitern. Granl 10 Ilnr¢%trictcd Funds Iniluded in unreslTi¢ied 1.unds are lh¢ following grllnls which the Irustees have d¢%iLinaied as lolloii.s.. Balance Balance Received Used 3113123 in year in year 3113124 SubscriF4ions & Donalions 100 loo I l TnLStees remuneration The trusi¢¢s did noi receive any. remuneration or expenses during the year (2024 £ Nil) l? Capital commitments CapiL21 commiiments at the vear end ivere as follows: 2023 2024 Nil C￿traCted for but not provided in ihese accounts