## **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 ++++++++ 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. ## +++++++++ ## **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. - 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**