REGISTERED CHARITY NUMBER 522127 bEw PRESTON GRANGE COMMUNITY ASSOCIATION FINANCIAL STATEMENTS YEAR ENDED 31ST JULY 2025 BELL TINDLE WILLIAMSON LLP Chartered Aecounlants and Registered Auditors The Old Post Office 63 Saville Street North Shields Tyne & Wear NE30 IAY PRESTON GRANGE COP+lMUNITY ASSOCIATIOLY YEAR ENDED 31ST JULY 2025 CONTENTS Report of the Committee Independent Examiners Report Statement of Financial Activities Balance Sheet 10 - 15 Notes to the Financial Statements PRESTON GRANGE COMf¥IUNITY ASSOCIATION YEAR ENDED 31ST JULY 2025 REPORT OF THE COMPdlTTEE The commiitee present their annual report and financial staiements of the charity for the year ended 3 1st July 2025. The financial %tatementq have beert prepared in a¢Lordance with the accounting policie8 %et out in note I 10 the financial siaiements artd con)ply with the charity's govetning doLument, the Chanlies A¢t 2011 at)d the Accounting and Reporting by Chariiies.. Statetnenl ot Reconunended Practice (second edition) and Financial Reporting Standard FRS 10? Ob ectives and Activities for the Public Benefit PurptTrse5 aiidAims The objects of Preston Grange Community Association are 10 promote the benefit of ihe inhabitant5 of Preston Grange and the neighbouthood without distinction of Sex 01 of political, ieligious or other opinions by associating the local authorities, voluntary organi5alions and inhabitants in a con]mon effort to advance education and to provide facilities in the intere515 of Social welfare lor recreation ￿]d leisure lime occupation with the obJeLt of improvijig the conditions ol'life foi the said inhabilanls. Ensuring Our Work Delivvr5 Our Aims We review our aims. objeLtives and activilieb each year. Thi5 review looks at what we have achieved and the out¢ome% of our work in the previou5 year. The review looks at the 5ucce55 of each key activity and rhe benefit5 that they have broughi 10 those gioup5 of people we are sel up lo help. The review al%0 helps us to ensure that our aim5, objective5 and activities have remained focu8ed on our stated purpo%e8. We have ￿ferred to guidance contained on the Charity'5 CoTrunissLon's website when revtewing our aims and ohjectives and in planning our future activities. In particular, the committee consider how planned activitie5 will contribute to ihe aims and objectives they have set. The Focus of our Work Oui main objectives for the year continued to be the promotion of the welfare of people Fomi Preston Grange and the surrounding area. The strategies used to meet these objectives included.. Offering ￿t[nbership of the As50ciatioii at a reasonable price to allow the local conununity access io the facilitie5 offered. Runniiig tllembers fvt)ciion8 to allow members access io a variety of different entertainers for leisure illl occupation and lo improve socialising between different members. Obtaining gtanl funding to help improve the facilitie% and activities offered. Hiring out the community centre for a variety of private fvnction5 and to local rneetin¥ groups. Providing frllii machines. a pool table, bingo and various other raffles io ensure a wide range of leisure activities are available. How Our Activities Deliver Public Benefit Our main activities and who we try lo belp are described a5 follows-. H*0 Used BÈnefittedfroM Our Service5 The ¢ommunity cenire has seen all iucrease ill it5 membership and ttLore people are attending regular metnbers evenis held. PRESTON GRAIYGE coiwIf¥lUNITY ASSOCIATION YEAR ENDED 31ST JULY 2025 REPORT OF THE COMMITTEE How Our Activities Deliver Public BeR¢fit rrgnliii¥ed) frko Used and Benefittedfroni Ouyservices (coillin￿e￿j There are many people duiEng the last year who have benefEled from the services offered by the charity. There are a wide age lange of people who use the services, as nuinerous group8 are run and held at the centre. Such groups include Slin]ming Woild, a music group, a ukulele group and Pilares group. Aehlevemtnts alld Ptrformanee The committee are pleased with Ihe perfOr￿all¢t of the charity during the year. The annual membership coniinues ag in prior years, Outside ¢lub8 that ube the centre continue to do so and income from outside clubs has increased this year. En¢ouragingly income from private hire has also uicreased this year. The Collllniltee are also pleased that mernber events are rakin¥ plaLe on a regular basiy once again. Financial Revle The Commitiee are delighted to report a 5UTpIu5 £8.448 for the year. This 15 cornpared to the defIcit generated last period of £7,478. The centre ha5 been open all year, after the flood in the prevLOUS period, and the hiring of the cenire and members events are now a regular occurrence again. Pvincipal Fundtii¥Sources The primary sollrce of income during the year was that of the hire of the cotnmunity centre from both ihe clubs ihat regularly u8e it and from an increased number of private hire bookings. A donation of £4,500 was received this year12024'. £Nill from Preston Grange F&¢ilities Limited, a so¢ial club and bar, which is run for the primary purpose of donating SUTplus funds to the Association. Investmeni PoJvgrJ* and Policy The Trnst deed gives ihe committee the power to apply the ￿ndS in such a as they think fit to or for the benefit of any charitable object 01 purpose. Aside from reiaining a prudent amount in reserves each year, most of the charitys fund5, especially those received via grant funding, are to be spent in the short tern) and so there are few fumls for long tenn investtnent. Reseryes Policy Going Concer The committee members have examined the chatiW5 requiretnent for reserves in light of the rnain risks facing the chariry. It is the policy of Preston Giange Community Association to maintain funds at a level, which allows the charity to operate in the event of unfore5eeD circun]stallces. At the end of the f￿anCial year. reserve5 were £141,070 made up of £107,654 {Buildillg) and £33,416 {Cashl* This ca8h asset is 8ubjeet to adjustmet]t as per the Preston Grattge Cotnmuniiy Association Reserve Asset Policy to give a net asset spending l¢vel for the 2025126 period. PRkSTOIY GIL4NGE co￿lmuNITy ASSOCIATION YEAR ENDED 31ST JULY 2025 REPORT OF TFIE COMMITTEE PlaD5 for the Future The cutnmiltee look to the future with cautious oplimi.%m in light of the financial year that has just passed and the current economic climate. Looking forward, inconie 8trtam.% have remained consisleni Since the fumncial year end and the committee are confident that this will continue. The cotnmittee along, with its volunteer8, intend to continue to organise evenis and fundraising activitie5 10 Serve the currellt members and to liopefully encourage new members. They will also continue lo promote the private hire of the celltre. Structure Governance and Mana ement Governing Docuinenl Preston Grange Coll}n]L￿]ty A550ciation is a registered chariiy Iregi8tered number 5221271. The charity was fsrst registered on 9th April 1974 and is governed under a document dated 30th March 1996. The Trust deed gives the ¢0￿Mittee the power to apply the fi]nds in such a ma[￿er a5 they think fit to or for the benefit tsf any Charitable object or purpose. AppoiAimenl of Tru.ftees Where there is a requirement for new committee members or should a potential Dew committee member approach the Preston Grange Communiry Association, Ihere are fomial procedu￿% itt place to ensure a good candidate is selected. All new metnbers must be approved and appoIn￿d by existing committee members. Whilst there is no specific age group or experience required to become a committee member ihe person must have a clean criminal record and must be willing io demonstrate Ihai they Gan add to the range of skn.lls present in the current coll]mittee members. New niember% are voted onlo the committee at the Annual Gelleral Meeting. They can also be co-opted onto the committee with the conseni of existing metnbers between Annual General Meetings. All of the con]D]ittee give their time voluntarily and received no benefiis from rhe charity. Conimittee Members Induction Tr(iining The chaii of the Com￿lttee is responsible for the inductton of any new corllmittee tnember which involves making the new committee person aware of their re%ponsibilities, Ihe obje¢iives of the charity, the admillistrative procedures and the ILiStory of the charity. They are also briefed on all of the activiiies offered by the chariry. Charity laws and the main documents which set out the operational framework of the charity are also di5CU5sed in full with the new cojnmiitee members. All new membeT5 ale btiefed on the current financial posiiion of the charity with Ihe aid of the larest set of financial statetnent5. Finally the cutrent resources, grant funding and other revenue streams are discw4qed as well as the fLlture plans of tbe charity. Orxanisation andRisk MoKogemenÉ Metnbers of the cc>tntnsttee are re5PODsible for the day to day running ol the charity. There are a Small numbei of embers with a55igned roles to ensure the day to day requiremenis are achieved. The COEt)rDittee bave undertaken an annual review of the ￿￿jor ri%ks that the chariry faces. PRESTON GRANGE COMMUNITY ASSOCIATION YEAR ENDLD 31s'r JULY 2025 REPORT OF THE COMMITTEE Organisalioii artd Risk Manageiiivnt (contlitlled) Where appropriate systems or procedure8 have been eslabliqhed to mitigate Ihe%e risks. Particular attention has been focused on non financial risks such as a fjtt in the building and other healih and safety risks. Preston Grange Community Association has good internal controls 10 minimise such tssks. Reference and Adniinistrative Information Charity Nume.. Preston Grange Cotnmunity A550ciatio Charity Rggistration NuwibÉr.' 522127 OperolioNal Addre5S.' Preston Grange Comtllunity Associaiioll The Grange North Shields Tyne and Wear NE29 9JA Bartkers.. Barclays Bank PIC 49 - 51 Northumberland Sireei Newcastle upon Tylle T1￿c and Wear NEI 7AF IndepvndentEraminer.' E. J. Hartshorne-Ferguson BA FCA Bell Tindle willian￿0￿ LLP The Old Post Office 63 Saville Street North Shields Tyne and Wear NE30 IAY Committee Members.. The Committee members who Served during the year were as follows.. Pfrysident.. B. Purvis ChoErperson.' A. Roll Secretary Ms P. Brain Other Compnit¢ee Mepnbers.. A. Flint Mrs A. Nicholson M15 B. Wood Mrs B, Flint Ms C. YoLuJg M5 L. Thotnpson Mrs. H.J. Heenan (Appuinted 09. 11.25) The rnallagemenl of the charity 1.% undertaken by the management committee and A. Roll who is responsible for maintaining the F￿ancIal record5 of ihe chariiy. PRESTON GRANGE COIWIMUNITY ASSOCIATION YEAR ENDED 31S'I' JULY 202S REPORT OF THE commI￿EE VDlullte¢rs The committee would like to thank all of the volunteers that have helped ihem during the last year and in recent years. Committees, Res onsibiltties in Relation to the Financial Statements Member5 of the ¢omTnittee are responsible for preparing the Repon of the Committee and the financial 5tateTnents in accordance with applicable law and United Kingdom Accounting Standards) Ullited Kitigdotn Generally Accepted Accounting PTactice}. The law applicable to charitie5 in England and Wale5 requires the Comrnittee to prepare f]nancial stateniEnt5 for each linancial year which give a tnTre and fair view of the stale of affairs of the charity a8 at the balance sheet date and of it5 incoming resources and application of resources, of the ¢harity for that period. In preparing those financial statement5, the cotntnittee are required to.. $ele¢i sutiable ac¢ourtting policies and then apply thetn consistently: observe the tnethod5 and principles in the Chariries SORP,. make judgemeniq and eqtimates that are iea50nable and ptudent- state whether appli¢able accounting standards have been followed, subject to any material departures ihat must be disclosed and explained in the financsal statements: and prepare the finat]cial statements on the goillg concern basis unless it is inappropriate to pre5Utne the charity will continue In business. The commitiee have overall responsibility for ell5urEng that the charity has appropriate systems and controls. rinan¢ial and othenvise. The con)￿ittee are also respo￿%]ble for keeping proper accountil￿ reLoids which dis¢lo&e wiih reasonable accuraLy itt any lime the financial posltion of the charity and lo enable tlietn lo ensure that the financial statements colnply with the Charities Act 2011, the applicable Charities IAccoun15 and Reports) Regulations. and the piovi5ions of the Trust Deed. The ¢ommittee are also responsible for 5afeguardin8 the assets of the charity and for their proper application as required by charity law, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provsde rea50nablt assurance that.. Preston Grange Community A8sociaiion is operating efficiently and effectively- All assets are safeguarded against unauthorised use or disposition and are properly applied,. Proper Tecords are maintained, and financial information used within Preston Grange Comrnunity Centre is reliable,. and Preston Grange Cotnmuniry Cenire complies with relevani laws and regulations. The trustee5 are responsible for the maintenance and iniegriiy of the charity and financial infonnation included on the charity's website in accordance wilh legislaiion in the United Kingdom governing the preparation and di55eminalion of F￿allela1 staiements. PRESTON GRANGE COMfwlUNI'fY ASSOCIATION YEAR ENDED 31ST JULY 2025 REPORT OF THE COMMITTEE Committee The committee are obliged to seek re-election ai each Annual General Meeting. The committee. who are t]ustees for the purpose of charity law, who Served during the year are listed above. Statement of Disclosure to our Inde endent Examiner In so far as the committee are aware at the time of approving our trnsrees, annual report.. there is no relevant infonnaiion, being inforn￿tIon needed by the independent examiner in connection with preparing their report, of wliich the ¢harills independent examiner is unaware,. aml the con]mittee, having made enquiries of fellow trustees that they ought to have indivsdually taken, have each taken all the 5tep5 that helshe is obliged to make a8 a irusiee in order lo make themselves awate of any relevant infornjation and to establish that the ¢hariWs independent examiner is aware of that infomialion. roval This report was approved by the committee on 27ih April 2026 and signed on its behalf. MS P. BIL4tN Secretary A. ROLL Treasurer PRESTON GIl￿NcE COMIWIUNITY ASSOCIATION YEAR LNDED 31ST JULY 2025 INDEPEYDEN'f EXAMINER'S REPORT TO THE COMMITTEE I repon on the financial 8talements of the charity for the year ended 31st July 2025. Respective Responsibilities of Trustees and Examiner The charity's tn]siees are responsible for ihe preparation of the financial siaiement8. The charity'5 tru51ees Lonqider that an audii i8 not required for this year under section 144 {21 of the Charities A¢1 2011 (the 2011 Act) and that a independen¢ examinatton i8 needed. It is my responsibility to.. exatnine the financial 5tatemellts under Section 145 of the 2011 Act, follow the procedures laid down in the gen¢ral direction8 given by the Charity Commsssion under sectson 14515){bl of the 2011 Act, and state whether particular inatters have come to my attention. Basls of Illdependent Examlner's Report My examination was Carried out in accordance with the general directions given by the Chariiy Commission. An exaniination includes a review of the accounting records kept by the chatity and a comparison of the [￿anCIal Statements presented with those record5. li also includes consideration of any unusual items or diselo%ures lli the fi[￿nCial stateTnentb, and the Seeking of explanatlOn5 from the trustees concetning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given a5 to wheihei the financial statetnents present a 'true and fair view, and the report is limited to those matters sei out in tlie statement below. Independent Examiner's Statement In cotu)ection with my examination, no matter has Collke to my attention.. which gives me reasonable cause to believe that, in any material respect, the requirements.. {a) to keep accounting records in accordance with section 130 of the 2011 Act; and to piepare financial statetnents which accord with the accounting records and Comply with the accounting requirements of the 2011 Act have not been n]et, or {bl to which. in my opinion. attention should be drawn in order to enable a proper under%tanding of the financial staiements to be reached. Bell Tindle Williamson LLP Chartered Accountan15 and Registered Auditors The Old Post O￿l¢e 63 Saville Sireel North Shields T￿t and Wear NE30 IAY E. J. Hartqhome-Ferguson BA FCA Independent Examinei 27th April 2026 PRESTON GRAIYGE COMMUNITY ASSOCIATIOIY YEAR ENDED 31ST JUL Y 2025 STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME ALYD EXPENDITURE ACCOUNT UDre5tricted Funds Re5ticted Funds Total 2025 Ullre5tricted unds 'ote INCOME Donations and Legacies 5.035 1,921 6,956 4,621 Income from Charitable Activities 32.139 32,139 14,224 Bank Interest Receivable 99 TOTAL INCOMING RESOURCES 37.174 1,921 39,095 18,944 EXPENDITURE Expenditure on Charitable Activities 28.852 1,795 30.647 26,422 TOTAL EXPENDITURE 28,852 1,795 30,647 26,422 NET MOVEMENT IN FUNDS tN THE FINANCIAI. YEAR 8.322 126 8.448 17,478) TOTAL FUNDS AT 1ST AUGUST 2024 132,622 132.622 140,100 TOTAL FUNDS AT31ST JULY 2025 140,944 126 141,070 132,622 The statement of Financial Aciivities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All in¢oEning resources and resources expended derive From continuing aciivities. The notes ou ptsges 10 to 15form port of these financial slatements PRESTOIY GRANGE COIWIMUNITY ASSOCIATIOIY YEAR ENDED 31ST JULY 2025 BALANCE SHEET 2025 2024 Note FIXED ASSETS Tangible Assets 107.654 109,975 CURREiYT ASSETS Debtors Cash at Bank and in Hand - Associatio Cash at Ballk and in Hand - Social Fund 16.823 12,119 5,014 33,956 11,180 8,778 3,445 23,403 CREDITORS - AMOUNTS DUE WII"HIN ONE YEAR 540 756 NET CURRENT ASSETS 33.416 22.647 TOTAL ASSETS LESS CURRENT LIABILITIES 141,070 132,6?2 REPRESENTED BY: Unrestricted FllDd5'. General Funds Restricted Fullds 140,944 126 132,622 141,070 132,62? The financial statements were appioved by the Conllnittee on 27th April 2026 and are signed on their behalf by.. MS P. BRAtN Se¢reiary A. ROLL Treasurer The note5 on pages 10 to 1Sform purr of thesefinallcial stalements 10 PRESTON GELINGE COMMUNITY ASSOCIATION YEAR EP4DED 31ST JULY 2025 NOTES TO THE FINANCIAL STATEMENTS I ACCOUNTING POLICIES The principal accounting policies adopted in the preparation of the financial statements are set out below. The accounting policie8 have been applied con5lStently throughout the period and in the prereding year, a) Basi5 of Pre ar#tio The fInan¢ial statements have been prepared under the hislorscal cost convention with itemb re¢ognised ai c051 or Irdnsaciion vallle unless otherwise slated in the relevant notes to the financial 5talement5. The financial 8tateTnell15 have been prepared in accordance with the second edition of the Charities Statetnenl of Reconunended Practice issued in October 2019, the Finai)cial Reporting Standard applicable in the United Kingdoin and Republic of Ireland IFRS 1021 and the Charities Act 2011. The charity ¢onsiitutes a public benefit entity a5 defined by FRS 102. aration of the Flnanelal Statements OD a Goi CoThcern Basis The trustees con%ider that there are no material uncertaintie5 about the Chantys ability to continue as a golng concern. There are no significant judgetnent5 or key sources of estitnation uncertainty that affect the financial stalemenis. el Cash Floiv Statemellt The comnittee have taken advantage of the exernplion frotll including a cash flow statement in the flnancial statements on the grounds that the charity is small. d) Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the a￿OUnt of income receivable can be meaqured reliably. Donations and grant8 are re¢ognised when the charity has been notified in writing of both the amount alld the 8ettlement date. In the event that a donation is subject ￿ condili0￿8 that require a level of perfomance before Ihe charity is entitled to the funds, the income is deferred and not recognised until eiiher those conditions are fully tnet, or the fultilmenl of those conditions is wholly within control of the charity and it is probable that those conditions will be fulfilled in the reporting peisod. Incoming resources fro￿ charitable activities are accounted for when receivable. Membetship subscriptions and event income is accounted for when receivable. Illtere￿t on funds held on deposit is included when receivable and the amount can be n)easured reliably by the charity: this ib normally upon notification of the interest paid or payable by the bank. enditure and Irrecoverable VAT Expenditure is recogni5ed once there is a legal or constructive obligation to make a pa)rynent to a third party, it is probable Ihat 5eltlernenl Mryll be required and the amount of the obligation can be tlleasured reliably. Expenditure is ¢la5sified under the following activiry headings.. PRESTON GRèlNGE COMMUNITY ASSOCIATION YEAR ENDED 31STJULY 2025 NOTES TO THE FINANCIAL STATEMENTS I ACCOUNTtNG POLICIES (coiiiinued) ellditure and Irrecoverable V AT (coiiiinued) Charitable expendtture comprises those costs incurted by the charity in the delivery of its aciLVlties and services. It includes both costs thai Can be allocated directly to specific departments and those C05t5 of an indirect nature necessary to support them. Irrecoverable VAT is Charged as a cost against the activity for which the expenditLwe was illCUTred. D s ort Cost5 Support costs are those function8 that assisi in the work of the Charity bui do noi directly undertake charitable activitie5. Support costs include office costs, Iinance and governance costs which support the charitys aciivities. These costs have been included wiihin expenditure on charitable activities. gl Fuiid Accollnti Unre5tricled Funds are ￿ndS whi¢h are available foi use at the discretion of the committee in furtherance of the eneral objective5 of Ehe Charity and whirh have not been de51gnated for other purposes. Restricted funds comprise donation% which the donor has specified are to be solely used for particular areas of the charity's work or for special project% being undertaken by the charity. ible Flxed A5set5 All fixed assets are initially recorded at cost. reciation Depreciation 1.% calculated to ￿TIte off the cost of fixed assets over the expected useful lives of the assets concerned. The principal annual iales for thi5 purpose, which are conslstent witb tliose of the previou5 year. are'.- ComElluniry Cenire Building Fixtures and Equipnient Building Improvemenis 2 /D Reducing Balance 15Q/o Reducing Balance 2 /D Reducing Balance 11 Cash at Bank and in Halld Cash at bank comprises two bank accounts held in the name of the Association. kl Creditors Creditor% are recogni8ed where the charity has a present obligation a5 a result of a past event that will probably result in the tran8fer of funds to a third party and the atnount due to settle the obligation can be ￿easured or e8timated reliably. Credittsr5 are nonnally recognised at their settlement amount after allowing for any Irade discounis due. 11 Flnaneial InstruJDeDt5 The charity only has financial assets and liabilities of a kind that qualify as bass¢ financial in5trumellts. 12 PRESTON GRANGE COMMUNITY ASSOCIATION YEAR EINDED 31ST JULY 2025 NOTES TO THE FINANCIAL STATEMENTS 2 DONATIONS AND LEGACIES 2025 TOTAL 2024 TOTAL Unrestrieted Restricted Mi8cellalleous Donations Presttsn Grange Facilities Limited SubscYipÈions.' Annual Metnbership GroMIs.' wrc Wartn Spaces NTC Siart Up Assisiat)ce North Tyne5ide Council 50 4,500 50 4,500 2.491 285 285 930 1.000 200 200 200 1,921 1,921 5,035 1,921 6.956 4,621 3 INcof¥lE FROM CHARITABLE ACTtvrrES Unrestricted Re5trieted 2025 TOTAL 2024 TOI'AL Hire of Comrnunity Centre - Clubs Hire of Community Centre - Private Pool Table Bingo alld Raffle Income me￿be[S Event5 Fruit Machine Income Sweet Machine Incotlle Charity Event Insurance Claim 8.460 6.611 522 3.728 3,176 223 8,460 6,611 522 3,728 3,176 223 7,420 2,735 160 2,325 847 84 23 630 9,419 9,419 32.139 32,139 14,?24 13 PRESTON GRANGE COMfvIUNI'I'Y ASSOCIATION YEAR ENDED 31ST JULY 2025 NOTES TO THE FENANCIAL STATEMENTS 4 EXPENDITURE ON CHARITABLE ACTIVITIES 2025 TO'I'AL 2024 TOTAL Unrestricled Restricted Repai￿ and Renewal% Telephone and Broadband Charges Televi%ion Expense8 Heating and Lighting In5urance5 Waier Services Printing, Stationery and Postage Sundry Expen.8es Gardening, Centie Cleaning and Window Cleaning Cleane15 Wage Metnber5 Functions Entertainment Costs Accouiitancy Fees Depreciation 3,717 543 160 6.525 4,159 582 79 616 3,717 543 160 6.525 4,159 582 79 616 1,224 488 231 9,185 4.105 878 263 1,304 1,795 2,606 3.594 1,607 3.598 540 2.321 1,684 157 537 2.187 780 3,399 3,594 1,607 3,598 540 2,321 28,852 1,795 30,647 26,422 S ANALYSIS OF STAFF COSTS AND COMMITTEE REMUNEIi4TIOW AND EXPENSES The chaTity had l employee during the year12024.. 11 The charity Co￿81derS its key mana¥ement personnel to be the Committee. No remuneration, or expenqes, directly or indirectly out of Ihe ￿ttds of the charity, was paid or payable for the period io any member of the committee. 14 PRESTOLY GRANGE co￿lMU￿1Ty ASSOCIATION YEAR ENDED 31SI' JULY 2025 NOTES TO THE FINANCIAL STATEMENTS fj TANGIBLE FIXED ASSETS Fixtures & Centre Buildi Biilldln rOve￿ents TOTAL COST At 1st August 2024 Addttions At 3 1st July 2025 18,229 65,758 91,422 175,409 18,229 65,758 175,409 DEPRECIATION At 1st August 2024 Charge for Year At 3 1st july 2025 17,299 140 17,439 23.923 837 24.760 24,212 1,344 25,556 65.434 2.3?1 67.755 NET BOOK VALUE At 3 1st July 2025 790 40,998 65,866 107,654 At 31 st July 2024 930 41,835 67,210 109,975 7 DEBTORS Amounts due wlthin one ye8r:_ 2025 2024 Preston Grange Facilitie5 Limited 16.823 11,180 16,8?3 8 CREDITORS Amounls due within one year:_ 2025 2024 Accruals 540 756 540 756 PRESTON GRANGE COMMUNITY ASSOCIATION YEAR ENDED 31ST JULY 2025 NOTES TO THE FINANCIAL STATEMENTS 9 STATEMENT OF FUNDS At 1st ust 2024 At31st Jlll 2025 Au Income Ex enditure Restricted North Tyneside Council 1,921 11,7951 126 Unrestrieted Funds General Fund 132,622 37,174 {28.8521 140.944 132,622 39,095 {30,6471 141.070 Restricted Fund$ These represent fund5 received which are re8tri¢ted for a specific purpose. Amounts are released from the8e fund5 when the expenditure to which they relate is incurred by the charity. The restricted fullds received were as follow8'.- Norih Tynebide Council Funds were received for IhE planting of 14 new cherrylapple trees in tbe charitgs grounds. Unrestricted Funds Unrestricted fund5 comprise amounts available for ihe committee to in fvrtherance of the Association's general objectives. 10 RELATED PARTY TRANSACTIONS A loan account processes the transa¢iions beiween Prestoll Grange Com]nunity Associaiion and Preston Grange Facilities Lijnited. At the year end Preston Grange Facilities Limited owed an amount of £16,823 12024.. £11,180) lo Preston Grange Community Association and this 15 5howll within debtors. Any surplus funds generated by Pre%ton Grange Facilities Limited are donated to Preston Grange Community Centre. Surplus nds of £4,500 were donated in the year {2024.. £Nill. No ￿rther iraDsa¢tions Myth related parties were undertaken such as are required to be disc105ed.