Aldridge Central Community Association
Audit report of the accountants to the members of Aldridge Central Community Association
Registered Charity Number : 522596
We have prepared the financial statements on pages 2 to 7 which have been prepared in accordance with the Financial Reporting Standards for Smaller Entities, under historical cost convention and the accounting policies set out on page 7.
Respective responsibilities of trustees and examiner
As the charity's trustees you are responsible for the preparation of the financial statements; you consider that the audit is required as stated in the associations constitution. It is my responsibility to report my findings to the members.
Basis of audit report
My audit was carried out in accordance with the general directions given by the Charity Commissioners and auditing standards issued by the Auditing Practises Board. An audit includes an examination on a test basis of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of
any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters.
I planned and performed my audit so as to obtain all the information and explanations necessary in order to provide us with sufficient evidence to give reasonable assuranvce that the financial statements are free from material misstatements, whether caused by fraud or other irregularity or error.
Independent examiners statement
In connection with my audit, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements:
1) to keep accounting records in accordance with S41 of the Act, and
2) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act:
have not been met.
In my opinion the financial statements give a true and fair view of the state of the associations affairs at 28th February 2025 and of its deficit for the year then ended.
Paul Anthony Wilcox Accountants Limited Chartered Certified Accountants The Barn Common Farm Luton Road Chalton LU4 9UH
24th April 2025
Page 1
Aldridge Central Community Association
Accounting Statement for the year ended 28th February 2025
| INCOMING RESOURCES Income from donors Investment income Charitable trading income Non charitable trading income Other income TOTAL INCOME EXPENDITURE Direct expenditure Fund raising and publicity Management and administration Repairs and maintenance TOTAL EXPENDITURE TRANSFER BETWEEN FUNDS NET INCOMING RESOURCES REALISED GAINS ON INVESTMENT ASSETS UNREALISED GAINS ON INVESTMENT ASSETS UNREALISED GAINS ON TANGIBLE ASSETS NET MOVEMENT IN FUNDS FUNDS BALANCE: BROUGHT FORWARD CARRIED FORWARD |
Restricted Unrestricted income Endowment Last funds funds funds year £ £ £ £ - - - - 9,450 - - 9,000 78,819 - - 70,469 22,047 - - 17,644 2,455 - - 26,830 |
|---|---|
| 112,771 - - 123,943 14,312 - - 12,770 - - - - 79,053 - - 78,791 39,389 - - 23,855 |
|
| 132,754 - - 115,416 2,233 2,233 - - - |
|
| 17,750 - 2,233 - - 8,527 - - - - - - - - - - - - |
|
| 17,750 - 2,233 - - 8,527 143,259 14,888 - 149,620 |
|
| 125,509 12,655 - 158,147 |
Page 2
Aldridge Central Community Association
Balance sheet at 28th February 2025
| Notes Fixed assets Tangible assets (restricted fund) 1 Current assets Stock Cash at bank 2 Cash in hand Debtors Prepayments Current liabilities Accruals Net current assets Total assets less current liabilities Capital and reserves Unrestricted funds 3 Restricted funds 4 |
2025 £ £ 12,655 3,782 114,537 596 8,655 1,655 129,225 3,716 3,716 125,509 138,164 125,509 12,655 138,164 |
2025 £ £ 12,655 3,782 114,537 596 8,655 1,655 129,225 3,716 3,716 125,509 138,164 125,509 12,655 138,164 |
2024 £ £ 14,888 4,080 133,377 250 7,682 2,622 148,011 4,752 4,752 143,259 158,147 143,259 14,888 158,147 |
2024 £ £ 14,888 4,080 133,377 250 7,682 2,622 148,011 4,752 4,752 143,259 158,147 143,259 14,888 158,147 |
|---|---|---|---|---|
| 129,225 | 148,011 | |||
| 3,716 | 4,752 | |||
| 3,716 | 4,752 | |||
| 138,164 | 158,147 | |||
| 125,509 12,655 |
143,259 14,888 |
|||
| 138,164 | 158,147 |
The financial statements were approved by the board on 24th April 2025 and signed on its behalf:
…………………………….. J Smith Chairman
The notes on pages 6 to 7 form part of these financial statements
Page 3
Aldridge Central Community Association
Income and expenditure account for the year ended 28th February 2025
| Notes Income Room hire : Bar Room hire : Other Subscriptions Interest received Bar rent Legacy Other income Expenditure (see below) Add : surplus from Bar account (see page 5) Add : surplus from flat 5 Net (deficit)/surplus 3 Expenditure Wages and national insurance Rates Honorariums Insurance Water Light and heat Postage stationery computer software Cleaning and disposal costs Telephone Licences Sundries Accountancy Bank and card charges Professional fees Donations and fayres Depreciation Buildings maintenance 6 |
2025 £ £ 3,205 75,614 280 - - - 2,175 81,274 112,027 30,753 - 5,068 5,702 19,983 - 45,926 443 1,050 3,049 1,066 11,378 2,086 3,203 1,121 786 907 1,140 465 3,536 771 2,126 79,053 32,974 112,027 |
2025 £ £ 3,205 75,614 280 - - - 2,175 81,274 112,027 30,753 - 5,068 5,702 19,983 - 45,926 443 1,050 3,049 1,066 11,378 2,086 3,203 1,121 786 907 1,140 465 3,536 771 2,126 79,053 32,974 112,027 |
2024 £ £ 5,278 65,191 278 - - 26,077 475 97,299 99,990 2,691 - 3,725 7,493 8,527 47,829 454 1,050 3,356 1,031 12,484 2,232 2,601 1,025 771 863 1,080 495 1,019 - 2,501 78,791 21,199 99,990 |
2024 £ £ 5,278 65,191 278 - - 26,077 475 97,299 99,990 2,691 - 3,725 7,493 8,527 47,829 454 1,050 3,356 1,031 12,484 2,232 2,601 1,025 771 863 1,080 495 1,019 - 2,501 78,791 21,199 99,990 |
|---|---|---|---|---|
| 30,753 - 5,068 5,702 |
2,691 - 3,725 7,493 |
|||
| 19,983 - |
8,527 | |||
| 45,926 443 1,050 3,049 1,066 11,378 2,086 3,203 1,121 786 907 1,140 465 3,536 771 2,126 |
47,829 454 1,050 3,356 1,031 12,484 2,232 2,601 1,025 771 863 1,080 495 1,019 - 2,501 |
|||
| 79,053 32,974 |
78,791 21,199 |
|||
| 112,027 | 99,990 |
Page 4
Aldridge Central Community Association
Bar income and expenditure account for the year ended 28th February 2025
| Notes Income Cost of sales Opening stock Purchases Less closing stock Gross profit Expenditure Wages and ni Licences Repairs Rent Depreciation Net surplus |
2025 £ £ 22,047 4,080 9,129 13,209 3,782 - 9,427 12,620 4,778 360 2,307 - 107 7,552 5,068 |
2025 £ £ 22,047 4,080 9,129 13,209 3,782 - 9,427 12,620 4,778 360 2,307 - 107 7,552 5,068 |
2024 £ £ 17,644 2,092 12,122 14,214 4,080 - 10,134 7,510 2,510 180 969 - 126 3,785 3,725 |
2024 £ £ 17,644 2,092 12,122 14,214 4,080 - 10,134 7,510 2,510 180 969 - 126 3,785 3,725 |
|---|---|---|---|---|
| 13,209 3,782 - |
14,214 4,080 - |
|||
| 4,778 360 2,307 - 107 |
2,510 180 969 - 126 |
|||
| 12,620 7,552 |
7,510 3,785 |
|||
| 5,068 | 3,725 |
Page 5
Aldridge Central Community Association
Notes to the accounts for the year ended 28th February 2025
| 1. Tangible fixed assets Net book value Brought forward Additions Depreciation Charge for the year Net book value At 28th February 2025 2. Bank accounts General account Bar account Savings account 3. Unrestricted funds Brought forward (Deficit)/surplus for the year Fixed asset depreciation transfer Closing balance 4. Restricted funds Brought forward Depreciation transfer Transfer (committed expenditure) Closing balance Made up as follows: Fixed asset fund |
Fixtures & Fixtures & fittings fittings buildings office £ £ 1,798 28 - - |
Fixtures & fittings Building bar extension £ £ 713 12,349 - - |
Total £ 14,888 - |
|---|---|---|---|
| 1,798 28 |
713 12,349 |
14,888 | |
| 270 4 |
107 1,852 |
2,233 | |
| 270 4 |
107 1,852 |
2,233 | |
| 1,528 24 |
606 10,497 |
12,655 | |
| 2025 £ 101,167 190 13,180 114,537 143,259 19,983 - 2,233 125,509 14,888 2,233 - - 12,655 12,655 12,655 |
2024 £ 97,463 2,344 33,570 |
||
| 133,377 | |||
| 132,105 8,527 2,627 |
|||
| 143,259 | |||
| 17,515 2,627 - - |
|||
| 14,888 | |||
| 14,888 | |||
| 14,888 |
Page 6
Aldridge Central Community Association
Notes to the accounts for the year ended 28th February 2025
| 5. Flat Rental income Costs Net Surplus 6. Buildings maintenance Furniture Stage curtains Floor refurbishment Decorating Lighting and electrical Plumbing and heating Blinds CCTV Defibrillator General maintenance |
2025 £ 9,450 3,748 5,702 8,512 2,332 9,324 2,041 630 1,984 3,144 - - 5,007 32,974 |
2024 £ 9,000 1,507 |
|---|---|---|
| 7,493 | ||
| 824 - 569 7,055 1,250 2,805 - 3,180 1,313 4,203 |
||
| 21,199 |
7. Accounting policies
Basis of preparation of financial statements
The financial statements are prepared under the historical cost convention.
Tangible assets and depreciation
Tangible assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures and fittings buildings 15% reducing balance basis Fixtures and fittings office 15% reducing balance basis Fixtures and fittings bar 15% reducing balance basis Building extension 15% reducing balance basis
Taxation
No provision for tax has been made on the basis that the charity is not liable to tax.
Page 7
ALDRIDGE CENTRAL COMMUNITY CENTRE
ANNUAL GENERAL MEETING
ANNUAL REPORT – 28[th] February 2025
Good evening, thank you for coming and I welcome you to the Aldridge Community Centre AGM.
A quick introduction of the top table
OUR ACCOUNTANT, PAUL WILCOX, OUR PRESIDENT ANDREW FAIREY, VICE CHAIR MAUREEN TURNER, TRUSTEE WAYNE HIPKISS, TRUSTEE RUSSEL SMITH AND MYSELF CHAIRWOMAN JUNE SMITH
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The Association is governed by its Constitution, formed in 1964, amended in 1973 and 1982. We are a totally self-funded voluntary body.
To comply with Act of Parliament (Charities Act 2003) the governing body of the Association to deal with day to day matters must be Managing Trustees.
These can be elected from Members of the Association, or Members of the Public from Aldridge and surrounding areas.
We employ two cleaners on part time basis – one working 12 hrs per week and one working 14 hrs per week. Centre also employs to 2 office staff – both part time and both working 16 hrs per week rota based to cover office opening hours Mon – Fri 9.00am – 3.00pm who liaises with both Chair and Trustees.
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New Works Carried out in the Centre :
-
Because the Centre is getting older we are continuing to refurbish the rooms and replace the furniture.
-
In 2024 we replaced the old red stage curtains with the new blue stage curtains. To continue with the colour scheme old chairs in the hall were replaced with new dark blue chairs.
-
The Foyer has been decorated and in May 2025 the floor was sanded down and threated with the protected coating. New furniture replaced the old table and chairs. Foyer will also have new lighting installed later on this month.
-
To reduce carbon foot print the centre has replaced all light bulbs for the more energy efficient LED light bulbs. We still need to replace old light bulbs for new
more energy efficient light bulbs in disabled toilets, ladies toilet and back of the stage (2 new LED lights)
- In the Bar we have installed another digital POS till, new dishwasher as we are getting lots of party booking.
Wayne Hippkiss has been looking after all maintenance work in the centre and will continue to do so in the future.
Other:
No change in the Office, we still have 2 office staff – Jo & Maria and opening hours remained the same Mon – Fri 9.00am – 3.00pm
We are very happy how office is run.
Tenants are still happy in the Meadow flat and have signed new 12 months contact.
-
Diary is busy for the year ahead, we are already taking bookings for 2026, but if community could spread the word to bring more activities into the centre – such as new groups for all ages, parties, budget weddings, theatre and production performances and other events.
-
Despite the weather we have had a successful Christmas Fayre in Dec 2024 and will be holding another one in 6[th] Dec 2025.
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We have gained two new groups – Walsall Flowers and U3A Bridge and now we have over 200 affiliated group members.
-
Any other business or questions, I will do my best to answer them. Therefore I request Ladies & Gentlemen that you move to adopt this Report on behalf of the Managing Trustees.
ALDRIDGE CENTRAL COMMUNITY CENTRE
No Auditors Report was required in 2024/2025