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 INFoR￿lATIoN 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 COMMU￿11.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