2024
Trustees Report
Always aware of the possibility of a return of something similar to the Covid pandemic of 2020 we are still advising our facilities users to follow the hygiene guidelines as recommended.
Our membership has increased as has the number of activities using the premises. Financially we are maintaining a reasonable working level despite the high cost of gas and electricity supplies and the Governments annual raising of the minimum wage and the recent increase in the N.I. contributions. This situation is not helped by the discrepancy in the hourly rate paid by the Government for the free hours for those children eligible. These places are funded by a nursery grant paid by the Liverpool City Council Early Years Program and for three- and four-year-olds this is at a lower hourly rate than that charged by the setting in order to remain in business. On top of this the Terms and Conditions of the Agreement forbid the setting from recovering the cost of ancillaries and extras eg. Snacks, nappies etc. from parents/guardians resulting in a further drain on resources.
Due to changes in people’s social ideals and the way they utilize their leisure time, we, like many other similar organisations are finding it difficult to attract new, younger blood into the Association.
We have been providing facilities for recreation, learning and sport for the local community for the past 80 years and it is our wish that the spirit of the Association’s motto “TO TOIL BUT NOT FOR ONESELF” will be as meaningful in the future as it has been in the past.
W.R.Smyth Trustee
CHELWOOD & DISTRicf WELFARE ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Holland & Co. Chartered Accountants 1n?1104 WidnK Rnad. widn. C.he.%hirp.. WAIR 6AX
CHELWOOD & DisThicf WELFARE ASSOCIATION YEAR ENDED 31 DECEMBER 2024 Contents of the Financial Statements for the Year Ended 31" December 2024 Page Statement of Management Commtttee's Responsibilities Independent Accountants Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
CHELWOOD & DisTricf WELFARE ASSOCIATION Page I YEAR ENDED 31 DECEMBER 2024 srATEMENT OF THE mANAGEmEr COMMITfEE'S RESPONSIBILMES The committee is required by the Association's constitution and the law applicable to charities in England & Wales to prepare financial statements foreach financial year which give a true and fairview of the Association'5 financial activtties during the year and its financial position at the end of the year. In preparing those financial statements, the committee 15 required to- select suitable accounting policies and then apply them constantly make judgments and estimates that are reasonable and prudent prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Association will continue in businesses The committee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time for the financial position of the Association and to ensure that the financial statements comply with the A550ciation's constitution. It is also responsible. in conjunction with the Trustees. for safeguarding the assets of the Association and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. TrUSTEES Trustees who held office during the year were: J P Ashcroft W R Smyth GOVERNING DOCUMENT The $SOCIatIon,S governing document is the Constitution dated March 1977. CHARrrY COMMISSION REGisfRATION The Charity Commission registered number of the Association is 521160.
CHELWOOD & DISTRicf WELFARE ASSOCIATION Page 2 YEAR ENDED 31 DECEMBER 2024 INDEPENDENT ACCOUNTANT'S REPORT TO THE MANAGEMENT COMMIThEE OF CHELWOOD & DISTRicf WELFARE ASSOCIATION In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Charities Act 1993, we have compiled the financial statements of the charity on pages 3 to 8 from the accounting records and information and explanations you have given to us. This report is made to the Association's Management committee. as a body. in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financia statements that we have been engaged to compile. report to the Association's Management Committee that we have done so. and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Association's Management Committee as a body, for our work or for this report. We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in England and Wales and have compiled with the ethic31 guidance laid down by the Institute relating to members undertaking the compilation of financial statements. You have acknowledged in the statement of the Management Committees responsibilities your duty to ensure that the charity has kept proper accounting records and to prepare financial statements that give a true and fair view under the Charities Act 1993. You consider that the charity is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us, and we do not, therefore, express any opinion on the financial statements. Holland & Company 1021104 Widnes Road Widnes Cheshire WA8 6AX Date".
CHELWOOO & DISTRICTWELFARE AssoaATION YEAR ENDED 31 DECEMBER 2024 STATEMENT OF FINANCIAL AcnviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds 2024 Unrestricted Funds 2023 NOTES INCOMING RESOURCES Membership Letting5 South Liverpool Baby Sensory SLBS Utility Contribution Sectional Bank Interest Sundry Income Occasional Lettings Total Incoming Resources RESOURCES EXPENDED 244 15,996 19,934 598 72,949 165 16,195 16,596 356 48,546 123 607 50 113,467 84,544 Insurance Honorarium Miscellaneous expenditure Wages: Cleaner Playgroup Gardener Inland Revenue NEST Pension5 Committee expense5 Bank Charge5 Light & heat Water rates Rates Printing & stationery Office equipment Repairs & renewals Windows Ground maintenan Cleaning Waste collertion Telephone Accountancy & Legal Depreciation 5tartek security & fire 4,181 1.705 359 403 5,126 59,228, 9,021 6,163 2,434 5.276 46,376 8,577 2,565 2,149 35 172 15.141 1,237 626 51 379 211 11,164 1,819 57 227 2,481 275 1,792 1,200 560 670 260 560 665 1,420 571 3,144 495 265 91 Totsl Resources Expended .1.383 -91,431 NEf INCOMING RESOURCES- ProfiVLoss for the year General fund- Opening balance 34,866 41,665 General fund - aosing balance £74.36 paid from Quality Supplement balan in Awtl 2024
CHELWOOD & DisfRicf WELFARE AssoaATION Page 4 YEAR ENDED 31 DECEMBER 2024 BALANCE SHEEr AS AT 31 DECEMBER 2024 2024 2023 FIXED ASSETS 3,898 4,394 CURRENT ASSETS Cash in hand HSBC deposit account HSBC treasurer account Virgin Money charity account 74 10.876 10,634 33W7 33,478 CURRENT UABILITIES Creditors & accrued expenses NEf CURREKf ASSErs 32,051 30,384 TOTAL ASSEfs LESS CURRENT LIABILMES FINANCED BY Unrestricted fund5 - opening balance Net movement for the year Surplus/ (Deficit) for the year 34,866 41,665 +1.083 ,887 Unrestricted funds- closing balance The financial statements were approved by the trustees on ......... signed by: . 2nd were W R Smyth (Chairman Vivienne Worthington ecretaryl
CHELWOOD & DisfRICT WELFARE AssoaATION Page 5 YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMEMrs PRINapLE ACCOUPfflNG POLiaES Basis of preparation The accounts have been prepared under the Charities Act 1993 on the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting and Reporting by Charities: the Charities SORP 25. The As%)ciation has however analysed its resources by naknTal classification rather than the funrtional classification recommended by the SORP. Incoming resources Investment income and other incoming resources are accounted for on a receivable basis. Depreciation is provided on tangible fixed assets at the following annual rates in order to write off each asset over its estimated useful lrfe: Premises IO% on reducing balance Furniture & Equipment 25% on reducing balance Resources expended are recognised in the Statement of Financial Artivities in the period in which they are incurred and include attributsble irrecoverable VAT. Fund accourrting Unrestricted funds comprise those funds which the Trustees are free to use in accordan with the objects of the charty.
CHELWOOD & DISTRicf WELFARE AssoaATION Page 6 YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS SEcnoNAL INCOME 2024 2023 Table Tennis 351 1,212 Bowls Income 351 1,212 Playgroup- (Quality Supplement balance of £4,338.54 induded in the current assets) LEA Grants ceiVed 57.794 33.559 Income (fees) Quality Supplement expenditure 15.658 -210 .854 14.203 428 73,803 48.974 Drama Sertion SUNDRY INCOME 2024 2023 Sundry Income Income Received from Children's Party SSP Co¥id Refund Donations ReiVed 557 50 MILLANEOUs EXPENDrfuftE 2024 2023 Music Licepce Sundry Expenses COST Rent Removal of First Advantage Accrual from 2021 OFSTED Fees 201 21)4 49 50
CHELWOOD & DISTRicf WELFARE ASSOCIATION Page 7 YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMEMrs HONORARIA (NET OF TAX) 2024 2023 Secretary Treasurer TAXATION As a registered charity, the Association is exempt from taxation on income and gains arising out of charitable activities. SCHEDULE OF FIXED ASSETS Premlses Bowling Green Furniture & Equipment Total Cosr As at l January 2024 Addltions 41,061 1,400 16,087 58,548 As at 31 December 2024 Depreciation As at l January 2024 Charge for year 37,042 402 15,712 94 54,154 496 As at 31 December 2024 Net Book Value As at 31 December 2024 As at l January 2024 4,019 375 4,394
CHELWOOD & DisTricf WELFARE AssoaATION Page 8 YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FSNANaAL STATEMEKrs SUNDRY CREDITORS: Amounts due within l year 2024 2023 Accountancy Light & heat Inland Revenue Water First Advantage 1,596 983 515 412
CHELWOOD & DISTRicf WELFARE ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Holland & Co. Chartered Accountants 1n?1104 WidnK Rnad. widn. C.he.%hirp.. WAIR 6AX
CHELWOOD & DisThicf WELFARE ASSOCIATION YEAR ENDED 31 DECEMBER 2024 Contents of the Financial Statements for the Year Ended 31" December 2024 Page Statement of Management Commtttee's Responsibilities Independent Accountants Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
CHELWOOD & DisTricf WELFARE ASSOCIATION Page I YEAR ENDED 31 DECEMBER 2024 srATEMENT OF THE mANAGEmEr COMMITfEE'S RESPONSIBILMES The committee is required by the Association's constitution and the law applicable to charities in England & Wales to prepare financial statements foreach financial year which give a true and fairview of the Association'5 financial activtties during the year and its financial position at the end of the year. In preparing those financial statements, the committee 15 required to- select suitable accounting policies and then apply them constantly make judgments and estimates that are reasonable and prudent prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Association will continue in businesses The committee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time for the financial position of the Association and to ensure that the financial statements comply with the A550ciation's constitution. It is also responsible. in conjunction with the Trustees. for safeguarding the assets of the Association and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. TrUSTEES Trustees who held office during the year were: J P Ashcroft W R Smyth GOVERNING DOCUMENT The $SOCIatIon,S governing document is the Constitution dated March 1977. CHARrrY COMMISSION REGisfRATION The Charity Commission registered number of the Association is 521160.
CHELWOOD & DISTRicf WELFARE ASSOCIATION Page 2 YEAR ENDED 31 DECEMBER 2024 INDEPENDENT ACCOUNTANT'S REPORT TO THE MANAGEMENT COMMIThEE OF CHELWOOD & DISTRicf WELFARE ASSOCIATION In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Charities Act 1993, we have compiled the financial statements of the charity on pages 3 to 8 from the accounting records and information and explanations you have given to us. This report is made to the Association's Management committee. as a body. in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financia statements that we have been engaged to compile. report to the Association's Management Committee that we have done so. and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Association's Management Committee as a body, for our work or for this report. We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in England and Wales and have compiled with the ethic31 guidance laid down by the Institute relating to members undertaking the compilation of financial statements. You have acknowledged in the statement of the Management Committees responsibilities your duty to ensure that the charity has kept proper accounting records and to prepare financial statements that give a true and fair view under the Charities Act 1993. You consider that the charity is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us, and we do not, therefore, express any opinion on the financial statements. Holland & Company 1021104 Widnes Road Widnes Cheshire WA8 6AX Date".
CHELWOOO & DISTRICTWELFARE AssoaATION YEAR ENDED 31 DECEMBER 2024 STATEMENT OF FINANCIAL AcnviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds 2024 Unrestricted Funds 2023 NOTES INCOMING RESOURCES Membership Letting5 South Liverpool Baby Sensory SLBS Utility Contribution Sectional Bank Interest Sundry Income Occasional Lettings Total Incoming Resources RESOURCES EXPENDED 244 15,996 19,934 598 72,949 165 16,195 16,596 356 48,546 123 607 50 113,467 84,544 Insurance Honorarium Miscellaneous expenditure Wages: Cleaner Playgroup Gardener Inland Revenue NEST Pension5 Committee expense5 Bank Charge5 Light & heat Water rates Rates Printing & stationery Office equipment Repairs & renewals Windows Ground maintenan Cleaning Waste collertion Telephone Accountancy & Legal Depreciation 5tartek security & fire 4,181 1.705 359 403 5,126 59,228, 9,021 6,163 2,434 5.276 46,376 8,577 2,565 2,149 35 172 15.141 1,237 626 51 379 211 11,164 1,819 57 227 2,481 275 1,792 1,200 560 670 260 560 665 1,420 571 3,144 495 265 91 Totsl Resources Expended .1.383 -91,431 NEf INCOMING RESOURCES- ProfiVLoss for the year General fund- Opening balance 34,866 41,665 General fund - aosing balance £74.36 paid from Quality Supplement balan in Awtl 2024
CHELWOOD & DisfRicf WELFARE AssoaATION Page 4 YEAR ENDED 31 DECEMBER 2024 BALANCE SHEEr AS AT 31 DECEMBER 2024 2024 2023 FIXED ASSETS 3,898 4,394 CURRENT ASSETS Cash in hand HSBC deposit account HSBC treasurer account Virgin Money charity account 74 10.876 10,634 33W7 33,478 CURRENT UABILITIES Creditors & accrued expenses NEf CURREKf ASSErs 32,051 30,384 TOTAL ASSEfs LESS CURRENT LIABILMES FINANCED BY Unrestricted fund5 - opening balance Net movement for the year Surplus/ (Deficit) for the year 34,866 41,665 +1.083 ,887 Unrestricted funds- closing balance The financial statements were approved by the trustees on ......... signed by: . 2nd were W R Smyth (Chairman Vivienne Worthington ecretaryl
CHELWOOD & DisfRICT WELFARE AssoaATION Page 5 YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMEMrs PRINapLE ACCOUPfflNG POLiaES Basis of preparation The accounts have been prepared under the Charities Act 1993 on the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting and Reporting by Charities: the Charities SORP 25. The As%)ciation has however analysed its resources by naknTal classification rather than the funrtional classification recommended by the SORP. Incoming resources Investment income and other incoming resources are accounted for on a receivable basis. Depreciation is provided on tangible fixed assets at the following annual rates in order to write off each asset over its estimated useful lrfe: Premises IO% on reducing balance Furniture & Equipment 25% on reducing balance Resources expended are recognised in the Statement of Financial Artivities in the period in which they are incurred and include attributsble irrecoverable VAT. Fund accourrting Unrestricted funds comprise those funds which the Trustees are free to use in accordan with the objects of the charty.
CHELWOOD & DISTRicf WELFARE AssoaATION Page 6 YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS SEcnoNAL INCOME 2024 2023 Table Tennis 351 1,212 Bowls Income 351 1,212 Playgroup- (Quality Supplement balance of £4,338.54 induded in the current assets) LEA Grants ceiVed 57.794 33.559 Income (fees) Quality Supplement expenditure 15.658 -210 .854 14.203 428 73,803 48.974 Drama Sertion SUNDRY INCOME 2024 2023 Sundry Income Income Received from Children's Party SSP Co¥id Refund Donations ReiVed 557 50 MILLANEOUs EXPENDrfuftE 2024 2023 Music Licepce Sundry Expenses COST Rent Removal of First Advantage Accrual from 2021 OFSTED Fees 201 21)4 49 50
CHELWOOD & DISTRicf WELFARE ASSOCIATION Page 7 YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMEMrs HONORARIA (NET OF TAX) 2024 2023 Secretary Treasurer TAXATION As a registered charity, the Association is exempt from taxation on income and gains arising out of charitable activities. SCHEDULE OF FIXED ASSETS Premlses Bowling Green Furniture & Equipment Total Cosr As at l January 2024 Addltions 41,061 1,400 16,087 58,548 As at 31 December 2024 Depreciation As at l January 2024 Charge for year 37,042 402 15,712 94 54,154 496 As at 31 December 2024 Net Book Value As at 31 December 2024 As at l January 2024 4,019 375 4,394
CHELWOOD & DisTricf WELFARE AssoaATION Page 8 YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FSNANaAL STATEMEKrs SUNDRY CREDITORS: Amounts due within l year 2024 2023 Accountancy Light & heat Inland Revenue Water First Advantage 1,596 983 515 412