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LUTLEY COMMUNITY ASSOCIATION Charity Registration Number 516095 TRUSTEES REPORT AND ACCOUNTS YEAR ENDED 31ST MARCH 2025
P &R TAXATION SERVICES 1 HAMPTON GARDENS PEDMORE STOURBRIDGE DY9 OAW
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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°’ March 2025which are set out on pages 3 to 8.
Respective responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year(under section 43(2) of the Charities Act 1993 (the 1993 Act)and that an independent examination is needed
It is my responsibility to:
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e Examine the accounts (under section 43(3)(a) of the 1993 Act) e to follow the procedures laid down in the Generals Direction given by the Charity Commissioners(under section 43(7)(b) of the 1993 Act) and
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e to state whether particular matters have come to my attention
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts ,and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination no matter has come to my attention
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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e to keep accounting records in accordance with section 41 of the 1993 Act; and e 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 understanding of the accounts to be reached.
P & R Taxation Services | Hampton Gardens Pedmore Stourbridge West Midlands DY9 OAW 27/10/25
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LUTLEY COMMUNITY ASSOCIATION STATEMENTOF FINANCIAL ACTIVITIES YEAR ENDED 315! MARCH 2025
| Total | Total | ||||
|---|---|---|---|---|---|
| 2024 | 2025 | ||||
| y | £ | ||||
| Incoming resources | |||||
| Donations & Similar | |||||
| Incoming resources 2 |
100 | 126 | |||
| Activities in furtherance | |||||
| of the charity’s objects 3 |
68888 | 62362 | |||
| Bank Interest | a | ws | |||
| Total incoming resources | 68988 | 62488 | |||
| Resources expended | |||||
| Costs ofgenerating funds | 4 | - | : | - | |
| Charitable expenditure | |||||
| Centre costs | 5 | 68645 | 63804 | ||
| Governance costs | 6 | 1845 | 1870 | ||
| Total resources expended | 70490 | 65674 | |||
| Net incoming (outgoing) | |||||
| Resources fortheyear | (1502) | (3186) | |||
| Total Funds at 31° March | 2024 | 11721 | 8394 | ||
| Totalfundsat31°March | 2025 | 8502 | 5208 |
The notes on pages 5 to 8 form part of these accounts
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LUTLEY COMMUNITY ASSOCIATION BALANCE SHEET 315' MARCH 2025
| Note | 2024 | 2025 | |||
|---|---|---|---|---|---|
| tS | £ | £ | £ | ||
| Fixed Assets | |||||
| Furniture& Equipment | 8 | 2982 | 2236 | ||
| Current assets | |||||
| Debtors and prepayments | 3000 | 3000 | |||
| Clubs/Societies reserve account | 2870 | 325 | |||
| Bank current account | 250 | 390 | |||
| Cash in hand | 150 | 7 | |||
| 6270 | 3722 | ||||
| Liabilities:due within one year | |||||
| Creditors & accruals | 750 | 750 | |||
| Net current assets | 5520 | 2972 | |||
| Net assets | 8502 | 5208 | |||
| Funds | |||||
| Restricted | 9 | Nil | Nil | ||
| Unrestricted | 10 | 8502 | 5208 | ||
| 8502 | 5208 | ||||
| Approved by the trustees on | and signedon their behalfby: | ||||
| => | ) | ) Trustees |
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| Geren | ) |
The notes on page 5 to 8 form part of these accounts
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LUTLEY COMMUNITY ASSOCI NOTES s ATION 1 TO THE ACCOUNTS YE ) st Accounting Policies an 028
a Accounting convention The accounts have been prepared under the historical costs convention,and follow The Statement of Recommended Practice,Accounting and Reporting by Charities (Charities SORP 2005) and applicable accounting standards
b Incoming resources
- Incoming resources from the Centre are recognized in the Statement of Financial Activities in the year in which they are receivable
Grants are recognized in the Statement of Financial Activities in the year in which they are receivable
Investment income is included when receivable
Voluntary income received by way of a donations and gifts is included in full in the Statement of Financial Activities when received.The value of services provided by the volunteers has not been included
- c Donations Donations received for the general purposes of the Charity are credited to “Unrestricted Funds” Donations received in connection with specific projects are credited to “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 assets are stated at cost.
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Depreciation is calculated to write down the cost of assets over their
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expected useful lives at the following rates
Furniture and Equipment etc
25% reducing balance
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2 Donations and similar incoming resource
Restricted Funds _—_Unrestricted Funds 2025 2024
£ £ £ £
Subscriptions
& Donations Nil 126 126 100
Grants Nil Nil Nil Nil
Nil 126 126 100
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WILEY COMMUNITY ASSN NOTES TO THE ACCOUNTS (CONTINUED) YEAR ENDED 315" MA ACTIVITIES IN FURTHERANCE OF THE CHARITY’S OBJECTS
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| Total | Total | |
|---|---|---|
| 2024 | 2025 | |
| Hire Fees | ||
| BICEPS | 61762 | 53708 |
| Privaate | 5684 | 6666 |
| Fund Raising | 1442 | 1988 |
| Membership & Donations | 100 | 126 |
| Totals | 68988 | 62488 |
| Centre Costs | ||
| Gas | 10710 | 10548 |
| Electricity | 11555 | 9066 |
| Water | Nil | Nil |
| Insurance | 1471 | 2608 |
| Wages and Nat Ins etc | 34129 | 32744 |
| Secretarial Services&Admin | Nil | Nil |
| Window Cleaning & Waste | 3383 | 3295 |
| Capital Expenditure | Nil | Nil |
| Repairs & Maintainance | 3663 | 2653 |
| Miscellaneous | 25 | 284 |
| Subscriptions& Licenses | 416 | 1319 |
| Security | 2070 | Nil |
| Fund Raising | 225 | 541 |
| Depreciation | 998 | 746 |
| pels | ||
| 68645 | 63804 | |
| as | ||
| Governance Costs | 343 | (1316) |
| Nettradingloss/profit | i? (1502) |
i (3186) |
NOTES LUTLEY COMMUNITY ASSOCIATIC GEC TO THE ACCOUNTS(continued) YEAR ENDED 3157 MARC overnance costs S(continued) YEAR ENDED 315 MARCH 2025
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|---|---|---|---|---|---|---|---|---|---|
|Total|Total|
|2024|2025|
|Telephone|£|£|£|£|
|Equipment|1092.|1044|
|Postage|Hire|Nil|Nil|
|Stationery & photocopies|3|76|
|Accountancy|750|750|
|AGM|expenses|Nil|Nil|
|7|"is4s|1870|
|Net|incoming|(outgoing)resources|
|The|following|items|are|included|in|arriving|at|net|incoming(outgoing)resources:|
|2024|2025|
|£|£|
|Wages &|Salaries|and|Social|Security|Costs|34129|32744|
|Depreciation|998|746|
|Independent|examiners|fees|750|750|
|8|Fixed|assets|
|Furniture|&|Equipment|etc|
|Cost|or|valuation|£|
|At|31|March|2024|57402|
|Additions|~|
|Disposals|il|
|At 31|March|2025|57402|
|Depreciation|
|At|31 March|2024|54410|
|Charge|for the|year|746|
|Disposals|_|
|At|31|March|2025|55156|
|Net|book value|
|At 31 March 2024|)982|
|At 31* March 2025|2236|
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NOTES TO THEAQaLEY COMMUNrTY ASSOCIATION 8 *XECOUNTS (continued) YEAR ENDED 31ST MARCH 2025
Des). Balance Received Used_—_Balance a 31/3/24 in year in year 31/3/25 10oe d Funds — nCluded‘ inclu d ed anuin unrestrictedeee ‘icted fundsfu are th :e fifollowingI me grantshiwhich thehtrustees hhave designatedas follows: - - je Balance Received Used __ Balance a ia ihe 31/3/24 in year inyear 31/3/25 ___ Subseriptions& Donations Nil 126 96) Nil I Trusteesremuneration pike _ Thetrustees did not receive any remuneration or expenses during the year 2025 tad 12 Capital commitments aeae commitmentsat the year end were2024 as follows:=.2025 =e Contractedfor but not provided in these accounts | a " ee :
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