Charity Number 521121 Gregson Green Trustees, Report and Financial Statements Year Ended 31 March 2024 Gregson Green Contents Page Trustees, Report Accountants Report Staternent of Flnancial Activities Balance Sheet Notes to the Financlal statements Gregson Green Trustee< Report For the year ended 31 March 2023 The Trustees present their annual report together with the financial statements of Gregson Green for the year ended 31 March 2024. The Trustees confirm that the annual report and financial statements comply with current statutory requirements and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charlties" Issued In March 2005. Structure, Governance and Management Gregson Green Is a charity, wlth charity reglstration number 521121. Aims and Objectlves The alms of the charity can be spllt Into two dlstlnct areas: The contlnued fundln8, operation and maintenance of the current community centre and sports facllltles at Gregson Green Fundraislng to enable the replacement of the currentfacllltles wlth a customlsed new communlty centre and associated sports facilities forthe benefit of the comrnunlty. New Communlty Centre and Sports Facllltles The current facllltles at Gregson Green are a wood construction communlty centre from the 196(Ys and a sports field with changing facilitles based In free standing former shlpplng containers. The stsndard of these faclllties ha5 in prevlous years prevented the promotion of the Cricket team based at Gregson Lane belng promoted. Plans have been drawn up for a new build centre incorporating function sulte and sports changing facilitie5 to replace the now outdated facilities at the Gregson Green site. Gregson Green Accountsnts Report to the Trustees of Gregson Green In accordance with instructlons received I have compiled the financial infom)ation of the organisatlon which comprises the Balance Sheet as at 31 March 2024, the Income and Expenditure Account and Notes to the Accounts for the year then ended from the accountlnB records and informatlon and explanations provided. The financlal Information has been compiled on the accountlng basis set out in Note I to the financial information. Andrew Roblnson Chartered Accountant Gregson Green Financial Activities and Income and Expenditure Account For the year ended 31 March 2024 Unrestricted Running Costs 2024 Restricted Fund- Raising 2024 Unrestricted Runnlng Costs 2023 Restricted Fund- raislng 2023 Total Total 2024 2023 Income Donations Grants Events Rents Bar Interest 2.435 io,oco 9,254 I50,￿)0 1,979 11.689 160,000 1,979 5,124 3,599 1,026 6,234 6,234 150,000 158,060 21,959 21,959 6,609 8,060 5,124 3,599 6,609 1.026 Total Income 21.158 162259 183.417 14.669 178,193 192,862 Expenditure Event Costs Bar Costs Printing & Stationery Utilities Cleaning Repairs and Maintenance Insurance Professional Fees Build and Fit Out Accountancy Other 2,232 2.232 2,442 2,101 1,147 581 2,552 10,885 13,437 2,442 2,101 1,147 581 1,305 583 335 1,305 583 335 2,876 2,876 3,337 3,337 5,743 53,698 360 2,987 5,743 53,698 180 1,065 14,466 445,700 180 1,662 460.166 360 4.707 3.045 1,922 26.838 449.774 476.612 10.214 71,571 81,785 Surplu51(Deflcit) (5,680) (287.515) (293.195) 4,455 106,622 111,077 All activities relate to continuing operations The notes on page 5 form part of these financial statements Gregson Green Balance sheet As at 31 March 2024 2024 2023 Note Current Assets Debtors Cash 297,873 4677 297,873 Creditors 297,873 4,677 297,873 Net Assets 297,873 Charlty Funds Unrestricted Restricted Funds Fundraising 8ig Lottery Fund Grant 2,052 7, 732 2,625 290,141 2,625 290,141 4.677 297,873 The financial statements were approved by the Trustees on Trustee The notes on pages 5 form part of these financial ststements. Gregson Green Notes to the Financlal statements For the year ended 31 March 2024 Accounting Policies Basis of Preparatlon of the Flnancial Statements The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORP), Accounting and Reportlng by Charities. published in March 2005. applicable accountlng standards and the Companies act 2006. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance wlth specific restrictions Imposed by donors whlch have been ralsed for a specific purpose. The costs of raising and administering such funds are charged agalnst the specific fund. Donatlons Donatlons subject to speclfic wishes of donors are carried to the relevant restricted fund. Any donations recelved for general purposes are credited to the unrestricted fund. Donations are accounted for when received. Dlrect and Overhead Expenditure Expendlture is incurred when there Is a legal or constructive obligation committlng the charity to the expenditure. Expenditure is summarised under functional headings either on a direct cost basis or, for overhead costs, apportioned according to management estimates of staff time spent. The irrecoverable element of VAT is included in the item of expenditure to which it relates.