DENTON WEST COMMUNITY ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
DENTON WFST COMMUNII"Y ASSOCIATION FINANCIAL STATF.MEINTS FOR THF. YF.AR ENDED 31ST MARCH 2024 CONTENTS PAGE Administrative Information Rcport of the Trustees Independcnt Examiners, Report Statement of financial Activities Balance Sheet 10 Noles to the Financial Statements 11-17
l)age I DF,NTON WE.ST COMMUNITY ASSOCIATION ADMINISTRATIVE INFoRlATIoN STATUS The Charity was formed in 1946 and is govcrned by its current constitution which was adopted on 14 January 2024. PRINCIPAL OFFICE I Iulme Road Denton Manchestcr M34 2W£ IIFGISTERED CHARITY NUMBER 521092 ACCOUNTANTS Graham Wood Limited 225 Market Street I Iydc Cheshire SK14 IFIF BANKF.IIS Co-op Bank PO Box 250 Delf IIousc Southway Skelmersdale WN8 6WT
l)agc 2 DENTON WEST COMMUNII'Y ASSOCIATION RF.PORT ()F THF. TIIUSTF.F.S FOR TIIE YEAR F.NDF.D 31ST MARCH 2024 l.hc Dcnton Wcst Community Association (DWCA) is rcsponsiblc for the operation of the Dcnlon Wcst Community Cenlre providing accommodation and facilities to support a range of social, volunteer, Icisure and recreational activities benefiting thc residcnts of Denton Wesl. On the 14 January 2024 local resid¢nts were invited to an AGM hostcd by the DWCA Truslccs. Thc purpose ol thc mceting was to revicw actions taken by the DWCA intcrim Committcc over Ihc previous ten months, to rescue the Community Ceniie and avoid closurc. 'I'hc Treasurer rcported that the DWCA was in a good financial posilion with no debt aiid a significant reserve in thc bank. Monthly incomc from regular bookings, privatc parties and evcnts was sufficient to meet running costs and undertake essential repairs and maintcnance. Capital ilcin cxpenditurc included a new gas boilcr, CCTV system, firc alarm and main hall woodcn floor renovation. I'h¢ Chair of Trustees proposed new arrangemcnts for governance (last revicwed in 1996) and a rcN'iscd Constilution was approved. A new Managcmcnt Committcc with 13 mcmbcrs was also ipproved at ihc AGM.
Page 3 DF,N'TOY WFST COMMUNI'I"Y ASSOCIATION TRLISTF.ES RF.PORT CONTINUF.D FOR TFIE YEAR F.NDFD 31ST MARCH 2024 Objects, Organisation and Activities Charitable Objeets 'I'hc DWCA Charitablc Objects w¢re registered with thc Charity Commission in 1961. 1.he current TrustcLs have updaled and simplified them and the following rcviscd objects wcre approvcd at the AGM in January 2024: ro mandge and promote usc of the Ccntrc as an inclusive community facilily and resource for thc social, Icisure tind cducalional interests in Denton Wesl and thc surrounding area.,
Pagc. 4 DF,NTON WEST COMMUNII'Y ASSOCIATION TRL'STF.F.S RF.PORT CONTINbF.I) FOR THE YEAR FNDF.D 31ST MARCH 2024 GOVTr:IINANCE ARRA,GEmENTs A rcviscd Consiiiution was formally approvcd at the AGM in January 2024. At the end ol" thc financial year 2023124 the governance structure for the Centre was as follows: Trustces: Robert Rutt (Chair), Colin Ingham, Christopher Tarrant, Susan O'Bricn. (I.'IL'ctLd february 2023) Chair: Robcrt Rutt Vicc Chair: Colin Ingham Christopher Tarrant Susan O Bricn I'reasurer: Ilookings Manager: Opcrational Support: Alison Walsh, Amanda Joncs, Damian O'Bricn, Claire Magon. Christine Ingham, Irene Dunkcrlcy, Janel Fagan, Bernie "I'arrant, Linda Healcy. (Flccled January 2024)
Ilage 5 DENTON WES"f COMMU11.y ASSOCIATION TRUSTEFS RF.PORT C()NTINUED FOII TIIF. YF.AR ENDED 31ST MARC112024 KF.Y DECISIONS Rclurbkshmenls of thc Bar and I.oungc arca was complclcd in April/May 2023 to promote salcs and gLnerilte additional inLon]e. A new alcohol licence was securcd and CC'I'V inslalled. An cvcnts Sub-committce was establÈshcd in May 2023 to develop and dclivcr a programme of monthly evL"nls to further enhance income generalion from regular and occasional bookings. A volunleer Sub- (iroup was also established io attract and retain volunteers supporting rcgular aclivilics ]d one-off cvcnls. Tr'INANCF.S 'rhc attachcd financial Statements show the current state of finances, which the Cornmittee considcr to bc steady. 'I'hc Associalion, s Bankcrs are the Co-op Bank, Skclmersdale, WN8 6wr. "I'hc IndLpcndcnt Examiner is Graham Wood Limited, Accountants 225 Market Strcet, l.Iyde, Cheshire, SK14 1111,.
Page 6 DFNTON WFST COMMLWITY ASSOCIATION TRUSTF.Fts RF.PORT C()NTINUED FOR THb. YTr.AR ENDED 31SI' MARCH 2U24 Trustees Rcsponsibilities The Tru,siee8 are I'equiiEd. under the Charily's L)oveTning, documenis, 10 prcpare Accounis I'oi. each t-lliancial y¢ar whiLh byive d Irue and fair View of tlic st(tte of iiftiiif5 {)[ Lhe Chdl'tly of the inc()tne (Iiicl expenditure of Ihe ch'itY for ihat period and comply with CUlTeni siaiui()ry requircnieiits. Tn piei)aringJ Ihi).%e ALLvunt.4 ihe Trusiee.s <we requireil to: SLlecl bllit%ible accoui)ling polickes Ld dpply IliLm coiTr%i.%teiitly. Make judgements and e.%timates thJi 71 reasoiiable aiid prudent. <ill()W <ll)pIicdble aLcounlingi St]dardS. subject Io <U]y departures disclosed <ind explaiiied in tlie ALLouiils. Pi-Lparc the Accounts on a goiniv concern basis uiilcss inappropri2le to prcsiime that thc Charity will Lontinue in busin¢.%s. I"lie "fTu%lecs rcspon5ible for kccping proper accounlii)g records: whicl) disclose 111} rLasi)i)<ible JLcuracy 4lt iiny tiiiie the tlllancial position ot tlie chtY ai)d lo enable them to elisure thai the Account coiiiply with oovcming documcnt.%. They are also rcsponsiblc for safegudIng ihe agsei.ts of thL Tru8l iiiid h¢nec for taking reasondble .step% for the prevention and dctcction of fraud and other irregularities. Ily Order of the Trustees Mr R Rutt (cl)rM(u1) ,N4r C Taiiaiil (Tr¢(Isurei-)
l)age 7 DF.NTON WEST COMMUNITY ASSOCIATION INDF.PENDENT F.XAMINTr.RS RF.PORI" TO THF MFMBFRS OF DF.NTON WFST COMMUNITY ASSOCIATION YEAII FNDF.D 31ST MARC112024 Rcpoit to thc truslees of Dcnton Wesi Community Associalion (Charity No. 521092) on the accounts foi. the ycar cnded 31 st March 2024, which are sel out on pagcs 9 to 17. Ilcspcctive Responsibilities Of Trustees And Indcpcndent F.xaminers I'hc charily's trustces are responsible for the prcparation of the accounts. The charity's trustees consider that an audit is not requircd for this year (under scction 144 of the CharitÈes Act 2011) and that an indcpendLnl examination is needcd. Ilaving satisfied ourselves that the charity is nol subjcct to audit and is cligible for independcnt examination, il is our responsibility to: Lxaminc the accounts (under section 145 of the Charities Act 2011). "I"0 follow ihc procedures laid down in the General Directions givcn by thc chilY Commission (under section 145 (5)(b) of the Charities Act 2011). 'ro statc wheihcr particular matters havc come to our attenlion. Ilasxs Of Indcpcndent Examiner's Statement Our cxamination was carried out in accordance with the General Directions given by thc Charity Commission. An examination includes a rcview of ihe accounting rccords kept by the charity and a comparison ol" the accounts prcscnted with thosc records. It also includes consideration of any unusual iIL'ms or disclosures in the accounls, and sccking of cxplanalions IroEn you as Irustce5 conccrning any SULII mattcrs. l-he proccdurcs undertaken do not provide all the evidencc that would be requircd in an audit, (Ind consequcntly, no opinion is givcn as to whether thc accounts prcscnt a 'true and fair view, and the rcport is limitcd io the mattcrs set oul in the statcmcnt below.
Page 8 DENTON WEST COMMUNITY ASSOCIATION INDEPENDENT EXAMINERS RFPORT TO THE MEMBERS OF DENTON WEST COMMUNITY ASSOCIATION YEAR ENDED 31ST MARCH 2024 CONTINUFD Indcpendent Examiner's Statement We have completed our examination. We confirni that no material mallers have come to our altention in connection with the examination (other than that discussed bclow) which gives us cause to believe ihat in, any material respect: "I"hc accounting records were not kept in accordance with section 130 of the Charilies Act; or I'he accounts did not accord with the accounting records. or The accounts did not comply with thc applicable requirements concernRng the form and content of accounts set out in the Charilies (Accounts and Reports) Rcgulations 2008 other than any requircmcnt ihat the accounts give a 'true and fair, view which is not a matter considered as part of an indepcndent examination. We have no concerns and have come across no other matters in connection with thc examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to bc reached. Graham Wood Limitcd. 225 Market Street Ilyde Cheshire SK14 IHF 5th Dcccmbcr 2024
l)age 9 DFNTON WF.ST COMMUNII'Y ASSOCIATION STATF.MF.NT OF FINAcIAL ACTIVITIF.S FOR THF. YFAR F.NDED 31ST IMARCH 2024 Notcs Unrestricted l-, unds 2024 Unreslricted 2023 INC()MING RES()URCES ALlivitics to I"urthcr the Ch£Ily'S objectives ALlivitics lo gencrate funds SL'Ltion activities -128 15,091 650 Community activities Other incomc to gcncrate funds InvL"stmcnt Incomc 15,600 1,697 14,213 11,726 144 17 'I"o'rAL INCOMING IIESOURCES IITr-S()UIICF,4i F.Xl)FNI)F.D Costs ol. gencrating funds Section activilies & special events Community actkvilics .Support cosls Iluilding cxpcnses Management and administration 'I'()'I'AI. RESOURCI=. S EXPF.+NDI=.D 4,689 728 7.740 597 11,698 7,491 10 MOVI,:ME:,N"r IN I,'UNDS foR TIIF, YEAR SIJIII)I,USI(DI,:I,'ICII") OF INCOMF FOR TIqL YEAR 'I'O'I'AL I,'UNI)S BROUGFI'f FORWARD 3,411 -3,168 'I"O'I"AL 14UNI)S CARRIEI) I."ORWARD 'I'hc notcs on pagcs I I to 17 form part of thcsc financial Siatements
Page 10 DEN'I'ON WE.ST COI¥IMUNITI' ASSOCIA'I'ION BAL,INCE SHEET AS AT 31s'r.MARCH 2024 Note 2024 202.3 Fixed Assets Taiiu iblL A%%et8 li 60.754 49.(1(M .8t()cks 1,1011 r)Ll)Ii)rs 12 1.114 Biii Idiiig Society account CLI,%h di Bcink" dnd in hand 10,144 22.875 Credit(Irs Amounts talling duL withiii one ye(U' 13 480 Net CUent Asset. Nei Asse1% 75 411) 719CJ9 ri uEid$ Uiire%lI'iLted iicciimulalcd fund 14 75.410 Ai)pruv¢d bv Ihe Board on oned on its belialf by: li- R Rull Ichairnidn I Mr C Tcirrcint (frcéL%iircr) ThL' notes on pae8 1 I to 17 foiin part of thes¢ Finan¢iiil StalcmentS
DFNTON, WF.ST COMMUN'ITY ASSOCIAI'ION NOTFS TO TIIF FINAh'CIAI. STATF.MFNT.S FOR THF. YF.AR EDF.I) 31ST MAIICH 2024 l) Accountin Policies 'I'hc principal accounting policics adoptcd in the prcparalion of ihcsc Financial Statcmcnts arc a lollows: a) Ilasis of Accountin 'rhc Financial Statemcnts havc becn prepared using the historical cost convcntion and arc drawii up in accordance with the Statemcnt of Recommended Practice Accounling & Reporting by Charilics and other applRcable accounling standards. b) Fixcd AssL'ts Depreciation is calculatcd so as to writc off the cost of an assct, less its cslimaled residual value, over the uscful economic life of that assct as follows: Buildings I, urniture & Equipmcnl l % per annum using the reducing balancc method l O % per annum uskng the reducing balance method enditure All expenscs are slated inclusive of any VAT irrcLovcrablc. d) IlevL'nue Cwrants Grants receivable which relate to expenditure are Ircatcd as income in thc year in which ihc exp¢ndilurc is incurred. e) Volunta Income Voluntary incoEne is rcceived primarily by way of fund raising cvcnls involving the mcinbcrs of thc association and also from donations, gifts and allowing meinbcrs of the public to usc thc associalion's premises. a) Cash donations, gifts and cash reccivcd (rom ihc public in respect of the usc of ihL prcmiscs arc includcd in full in thc StatLmciit of Tr inanLial AcliviliL's upon receipt. b) Cash collectcd by way of fund raising evenls involiring thc members is included as incomL aftcr dcducting dirccily attribulablc cxpcndilure. "I"hc nolcs to ihc Accounts show furthLr dctail of thc incomc and cxpcnditure in rcspLcl of fund raising events.
Pagc 12 DENfoN WF.ST COMMUNITY ASSOCIATION I%OTFS TO THF. FINANCIAL s'rATF.MF..1'S FOR TIIE YF.AR Eh'DFD 31ST MAIICH 2024 2024 2023 2) Income in furtheranee of the Chari Membcrship fecs 's Ob'cctivcs -128 3) Incomc from section activities Rafflcs 2,578 rifylfilty dance I.adics social 328 182 322 Special events 650 4) Income from communi Ilar salLs activities 15,600 257 DcU]ces & concerls 1.697 5) OthL'r income to Privatc Icttings Donalions cncrate funds 4,080 1,557 86 839 Rent & wclfare 8,577 9,330 Othcr incomc 40 CJrants
DF.NTON WF.ST COMMUNITY ASSOCIATIC)N NOTES TO THF FINANCIAL STATF.MF.NTS TrOR THE YEAR ENDF.D 31ST MAIIC112024 2024 2023 6) Invcstment income 13ank inlerest rcceived 144 17 7) Section actiTr'ities & s ecial cvents I, Èftyififty dance I)anccs & Conccrts 114 511 Ladics social 103 Drama Special cvents Losts 728 8) Communi 13ar cxpcnscs activi cx enscs 597 9) Buildin cx enses airs & renewals Ilepairs & maintenancc Safcty inspcctions Gardening 4,971 1,645 847 515 847
DFNTON WFST COMMUNII'Y ASSOCIATION NOTFS TO TIIF. FINANCIAL STATF.MTr:NTS FOR I'IIF YEAR ENDFD 31ST MARCII 2024 2024 2023 b) Clcanin Cleaning & loilelry matcrials Window cleancr & laund 3,647 5,668 450 500 reciation 470 476 I'otal building expcnses
l)agc 15 DENTON WF.ST COMMLTNI'I"Y ASSOCIATION NOTTr.S TO THTr: Tr INANCIAI. STATEMFJ'I'S FOR TIIE YF.AR F'DED 31ST MARCF12024 2024 2023 10) Mana Stationery, postagc, printing & advcrtising Broadband ement & Administration 406 162 160 Accountancy Gas & Lleclricity Insurancc 600 480 10,633 2,861 2,172 1,559 2,322 2,059 Rcnt & water I.icences 400 139 I. quipment dcprcciation 291 11) Tan ible Assets I.easchold Pro crt I'urnilure & ui mcnt 'I'olal Cost Ai I st April 2023 Additions 70,653 43,748 114,401 At 3 1st March 2024 127601 rcci<ition At I st April 2023 ChargL for ycar Al 31 st March 2024 23,657 41,140 64,797 470 Nct Book Valuc 31 si MarLh 2024 31 st March 2023
Page 16 DF.INTON WF.ST COMMU.NI'fY AS,SOCIATION NOTES TO THF. FINANCIAL STATF.MF.NTS FOR TIIF. YF.AR ENDF.D 31ST MARCII 2024 2024 2023 12) 1)cbtors: Amounts fallin due within one i'car Prcpaymcnts & accrued income 13) Creditors: Amounts fallin AcLruals & dct"errcd income due Ivithin one ear 480 14) Rcconciliation of Movement in Association Funds Unrestrictcd Gencral lund Opening Funds Surplusl(Dcficit) for year Llosing I unds 71,999 75,167 15) I'axation As the Association is a Registercd Charity, thcrc is no liability to taxation. lementa Information "I"hc sUlUS for the year is stated after charging: 2024 2023 Indcpcndcnt r.xaminalion costs Depreciation 600 480 767
Pagc 17 DENTON WFST COMMUIYII'Y ASSOCIA I"ION ISOTFS TO TIIF. FINANCIAI, STATFMF.NTS FOII TIITr: YTr;AR Tr=)I)Tr:D 31ST MARCII 2024 E 7) Trustces Rcmullcration No rcmuncration, directly or indircctly, out of the funds of thc Charity was paid or payablc for thc ycar to a Trustcc or lo any person or peisons knoTr to bc connected with any of thcm. No reimburscment of cxpcnses has been made or is duc to be made to any of the 'I'rustees in respect of the year.