Charlty registration number 522760 (England and Wales) PELSALL COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
PELSALL COMMUNITY ASSOCIATION LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr K Ped18y Mr S Laiigford S Hill Mrs S Langford Mr T Breaze Mrs E Roberts Mrs M Roberts. Mr A Roberts Mrs M Harvey Mrs W Smith Mrs V Gwilliam Mrs K Hinsley (Appointed 25 February 20241 (Appointed 14 Sepieiiiber S Orrill (Appointed 7 July 20231 Charlty number IEngland and Wale5 522760 Independent examiner Edwards 34 Hlgh Street Aldridge Walsall Wesl Midlands WS9 8L2
PELSALL COMMUNITY ASSOCIATION CONTENTS Page Ti'lislees Report Independenl p.xaminer's report Slalement of financial aclivilies Slalemenl of f1nancial position Notes lo the financial slalemenls 8-16
PELSALL COMMUNITY ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 Tlie Irustee8 present Ilielr ariiiual ieporl ai)d fliiai)cial slateiiienls for Ihp, year elided 30 June 2024. Tlie financial 8lalemenls have boen prepared in accordance with the accoiinlliig policies sel out In nola 1 to the fiiiancial staleinenls 8nd coiiiply with the Ilie. Charity's governing dorumenl, the Cliarilies Act 2011, FRS 102 "The Fiiiaiicial Rei)orliiig Standard applicable iii the UK and Republic of Ir81and" and the Cliarilies SORP 'ApLOLiiillno and Repoitiiig by Charities.. Statement of Recomiiiended Practica applicable lo charities preparing their aG¢oiinls in accoi'dance with lh8 Finaiicial Reporting Slai)dard applicable iii the UK and Republic of Ireland IFRS 1021" Objectlvos and activities Piiblic b6iiefit The Iruslees liave paid dL18 regard lo guidance issued by the Charily Coinmission in deciding what aclivilieb Ihe chai.ily should undertake. Achlevements and performance Significant aGlivities ai?d achievements 8gainsl objectives To provide and Inainlaiii a conimunily building for the local communily for leisure and recreation purposes. Financial review ReseNes policy 11 is the policy of the Charlly that unreslrlcled lunds whlch have not bepn designated for a specific iise should be maiiilained al a level Qquivaleiil lo between Ihree and six nionlh's expeiidilure. The Iruslees considpr11)al reserye5 al this lèvel wlll ensure Ihal, in the 8vent of a .%ignilicanl drop in fundlng, they will be able to eonliiiue the Charlly's tturrent activities while consideration is given lo ways in which additional funds may be ralsed. Thls18vel of reserves has been mainlainecl throughout the year. structure. governance and martagement The cliadty W8s registered with the Charity Commission on the 12th July 1967. 11 is govemed by a conslltullon originally adopted on the 5th OGlober 1962 - and ani8nded over the years, with the current versloii .2lahllshed on the 20lh Jan 2025 The menib8rs of the Iruslees who Served during thp. y8ai' and up lo thp. date of signature of the financial stalenienls were., Mr K Pedley Mr S Langford Mrs S Hill Mrs S Langford Mr T Bre8ze Mrs E Roberts Mrs M Ruberls MrA Roberts Mrs M Harvey Mrs W Smilli Mr8 V Gwilllam Mrs K Hinslpy (Appointed 25 Febniary 20241 (Appointed 14 Septembei. 20231 S Orrill (Appointed 7 July 20231 Trustees Annual Report and financial 51alemenls fur Ilie year ended 30 JLine 2025. ObJeclivies and activltles Tli8 Absociallon's olijecls are the provisSon of a safe space for the lob'al and wder conimuiiity In participale in soclal and recrp.81iaMal drllvllies.
PELSALL COMMUNITY ASSOCIATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 We pride our%elves on baing a pla where people of all ages in tho community can atleiid classes and events, or even host their own cÈl8bralions. From karate lo art. dancing to knitting and singing lo ke,ep fil, we have Sornelhing for everyone. Alongside this we regularly host live events and shows as well as community meet ups for all ggeg. The foSlowing strategies enable the Assoclation to achieve Its objectlves, as follows.. Respoiiding to the needs of the local commuiilty by regu18rty advertlsing the provlsloii avallable. Sarvice users are invited lo give feedback, suggest Improvements or propose new activitie%. Incre8s&d s81f-sufficiency through an effeclive affordable charglng pollcy for salf-funded aclivilies. Jeeking external funding opportuiiilies lo enhance the existing provislon. Regular liaison with Walsall Councll's Conimuiiity Development Te8m ensures that funding OPPOrtunilles are identified and acted upon. 'Ihe Trustees pay due regard to quidance issued by the Charity Conimissioii in deciding whal activities the Associalioii should undertake Volunteers The Associatlon lias a growing numb8r of volunteers who support community activilies run by the Assooialion. VolLlllteers' roles have Included help with meet and greet, stewarding at shows. preparing and serving refreshm8nls, delivering programme leaflets, gardening and providing support with repairs and reinoval of aged equipment. Tlie Trustees are all volunteers drawn from the local Community ar)d the support received by all our. volunteers is priLeless and we are sa very grateful for Ihelr involvement. Achievements and Performance In 1946 the Pels811 Community AssocialSon was fomed and the Pelsall Gonimunlty Centre was officially op6ned on 4th September 1965 by Sir Alfred Ow8n, CBE. The original grounds for the centre were part of the Oaklands House Eslale on Slalion Road, previously owned by the Binns Family as well as ThDmas Starkey. In 1974 the building was extended when the Oaklands Lounge & Bdr wer8 added. The Associallon continues to deve.lap a choice. of well allended classp.s for adul18 and children, th8l c8ler for local people seeking recreational Seisure opportunities and learning. Activilles focusing on health and wall-being and rp.duclng isol8llon are really important and our involvement with th8 Friendship Café is one of the ways this 18 addressed
PELSALL COMMUNITY ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Prlnclpal Funding SourGe5 The Assoclalion is now In a n7iich stronger poslllon lo niove fnTward wllh ils provision for the local cominiinSly aiid saw an Sncr&8se in weekly lellings for It8 Gore gro(Ip6 (including classes lor b8bies and their 17)uiiis, keep fil aiid daiice classes lo iiieiilioi) bul a few), grants and funding by Walsall Council, Box Office recelpis for th6 f2buloiis Ilve sliows, Ihe Inspire. FoLiiid81ioii foi. ils provision of childcare for parènts during the schc>ol holldays, craft fayres wliioh have proved a (Jreal success and are well all8nd8d by both st811 liolders and coniiiiunily members. The Assooialion continues lo work closely with other organisalions provlding exteriial funding SLFpporl and actively ainis lo seek iiew partiiershlps in line with the needs of Ihp. local community. Whilst furiding coiillnues lo be a coiicem, the TrLislees are conimllted lo providiiig aclivilies and services al 8 re&sonable cost lo cusloiners aiid realise new strategies musl be adopted lo address any shortfall in the, budget. The Association continues lo undertake a planned niainlenance prograinme lo lacllitale the annual repalrs and decoration needad lo keep Ihe centre fresh and well presented. The year hAS seei) the Association ins1211 a new lerlrig kilGheii and air coiidilioniiig which have PLtI the Genlre In a good place for the f(Iliire. Our speiidlng an rapairs and other maintenance this y8ar conllnu8s lo impact on our fLJnds but the Tnjslees have worked liard on the Implementation of new procedures and closely watched the forecast budgets lo ensur8 that all fLIILJre r8spDnslbi11118S of the C8nlre Gan be met. The Trustees look forw8rd lo the next twelve months and where the future will lake LIS. The Irusl8es' report was approved by the Trustees. Mr K Pedley Trustee 7 April 2025
PELSALL COMMUNITY ASSOCIATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2024 The IrusleBS are I'esponslble for preparfng the Trut*tees' Report and Lhe financial slal8inenls in dccurdanLe witli applicable law arid United Kingdoin Accounting Standards (United Kingdoin Generally ALcep18d Accounting Praclic'61. The law appSlcab18 to charities In England and Wales requires the Iruste&s to prepare f1lldncidl slaleinents for each financial year wliiah give a Irue and fair view of the slate of affalrs of Ihe Ihe Cliarity and of lh8 inconiing re8oui'ce5 and application of resoLlI'ces of the the Charity for Ihal year. In preparlng Ihese financial statement6, Ihe trustees are required lo.. select suitable accounllng policies and then apply them consislenlly., observe Ihe melhods arid principles ir) the Charilies SORP., Imake judgements and estimates Ihal are reasonable and prudenl. slate whether applicable accounting standards have been followed, subject to any m81erial departiires disclosed and explained in the linaiicial 51alemenls; and prepare the financial statements on the going concern basis unless It Is Inappropriate lo presijime that the charity will conlinue in operation. Tlie trustees are responsible for keeping sufficient acLounling records that disclose willi reasonable accuracy al any lime tlie financial position of the the Charity and enable il to ensure thal the financial slalemenls comply with the Gharities Act 2011, the Charity IA¢count5 and Reports) Regulations 2008 and th8 provisions of the Irusl deed. 11 Is also responsible for safeguarding the assets of the Ihe Charity and henGe for taking reasonable steps for the prevention and deleclion of fraud and other irregularities.
PELSALL COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PELSALL COMMUNITY ASSOCIATION I repori lo the Iruslees on my examination of the finannial slatem8nls of Pelsall Coniin(Inity Association {Ilie Charilyl for the year ended 30 June 2024. Respoiislbilities and basis af report As the Iruslees of the Charity you are responsible for the preparation of Ihg financial statements in accordanco wllh Ilie rtsquireiiienls of the Charities AGI 2011. report iii respettl of my exaininalion of the Chatity's linanclal slalemenls LarrlAd oiil linder ser.Il01i 145 nf the Charities Act 2011. In carrying oul niy exaiTTinalion I have followed the Direrllons glven by the Charity Commission under section 145(5llbl of Ihe Charilios Act 2011. Independent examiner's statement Your allenlioii is drawn lo the facl that the Charity has prepared the financial slal8ments in 8ccL)rdance with the relevant version of the Slalemenl of Recommended Practice applicable lo charities preparing their financial slalemenls in accordance with the Fiiiancial Reporting Sl8ndard applicable in Ihe UK and Republic of Ireland (FRS 1021 in preference lo the Accounling and Reporting by Ch8ri1ies'. Slalemenl of Recommended Practice issued on 1 April 2005 which is referred lo in the exlanl regulations bul has now been withdrawn. l understand that Ihls has been dome in order fo[ the financial slalemenls lo provide a Irue and fair view in accordance with UK Generally AcGepled Accounting Practice. I have completed my examination. I confirm Ihal no mallers h8ve come lo my attention in connection Kith the exaniinalion giving me cause lo believe that iii any material respect.. accounting records were nol kept in respect of the Clidrily as q1J1red by section 130 of the Cl)Arllies Acl 2011. the linanclal slalenienls do not accord with those records., or Ilie financial slalenienls do not comply with Ilie applicable requ5remenls concerniiig the form and conlenl of rinanLial slalemenls sel out in the Charities (Accounts and Report5) Regulations 2008 ulher Ihan any rtsqulrf)menl Ihal the financial slalemenls give a Irue and fair vlew, whlch is nol a maller considered as part of an independent examination. I have no Gonc8rns and have corne across no other mallers in connection wilh the ex81ninaliun lo wliiLh allenlion should be drawn in this report in order lo enable a proper understanding of the financial blaleiT)enl8 lo be reached. Edwards 34 High 8lreel Aldridge Walsall Wesl Midlan(Is WS9 8LZ 7 April 2025
PELSALL COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrestricted Restricted funds funds 2024 2024 Total Uiirestrlcted RestriGted funds funds 2023 2023 Total 2023 2024 Notes Income frorn.. Donations and legacles Olhei. Irading act5vities Inveslmeiils 35,612 109.953 1.065 50,092 85,704 109,953 1.065 33,048 90,171 55 33,048 90,171 55 123,274 Total Income 146,630 50,092 196,722 123,274 Expenditure on: R8isinq funds Charitable activities 7,475 132,042 13,683 138,085 13,683 167,689 7,475 132,042 29,604 139,517 Total expendlture 151.768 29,604 181,372 139,517 {16,243) Net incomellexpenditure) {5.138) 20.488 15,350 {16.2431 Transfers between funds {486) 87 {871 486 Net movement In funds 116,2431 (4,652) 20.002 15,350 (16,156) 187) Reconciliation of funds.. Fund balanc85 at 1 July 2023 114,281 70,098 60,426 130,524 53.942 60,33g Fund balances at 30 June 2024 53,942 114.281 49,290 80,341 129,631 The sl8lemenl of Ilnan¢ial acllvilies indudes all gains and loss8s recogiiised in Ilie year. All Income and expendiliire d@rlve from coiitlnuing activitie5.
PELSALL COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL POSITION ASAT30 JUNE 2024 2024 2023 Fixed assets Pror)erty, plaiit and eqtiipnieiil Notes 12 50,265 50,339 Current assets Iiivenlories Cash al bank and In liand 13 40 73,199 87,476 Current liabilitles 87.476 {8,110) 14 73,239 (9,297) Nel current ass8ts 79,366 63,942 Total assets less current liabilitles 129,631 114,281 The funds of the Ihe Charity_ Reslricled iiiLome fuiids Unreslricled funds 15 16 80.341 49,290 53,942 129,637 114,281 Thè ffnanrlal 81alemeiits were approved by the trustees on 7 April 2025 Mr K Podlgy Trustee
PELSALL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting pollcies Gliarity information Pelsall Commiinity Association is a charity registered with Charily Conimission. The registered office is the Community Centre, Station Road, Pelsall. Walsall, WS3 4BQ. 1.1 Accounting conventlon The financial slalemenls have been prepared in accordance with Ilie Charity's goveming docuinenl, the GharSlles Act 2011, FRS 102 'The Financial Reporting Standard applicable in Ilie UK and Reptjblic of Irelaiid" and the Charities SORP "Accounling and Reporting by Charities.. Statement of Reconimended Pracllce applicable lo charities prepallng their accounts in accordance Wlth Ihe Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 102). The the Chaflty is a Public Benefit Entity as deflned by FRS 102. The Charity has taken advanlage of the provisions in the SORP for charities nol to prepare a $18lemenl of cash flows. Tlie financial slalements have departed from the Charities {Accounts and Report5) Regulations 2008 only lo Ihe extent required lo provide a true and fair view. This departure has involved following the Slalemeiil of Recommended Praollce for charilies applying FRS 102 rather than Ihe ver8ioii of the Statement ol Reoomm8nded Pracllce which is referred to in the Regulations bul which has since been withdrawn. The financi81 slatenienls are prepared in slerling, which Is the functional currency of the the Ch3rily. Monetary amnunls in these fii)aiicial slatemenls are rounded (o Ihe nearesl £. The financial statements have been prepared under the historical cosl convenllon, Imodlfied lo include the reva5ualion of fr8ehold properties and to include investmenl properties and certain financial instruments al fair value]. The principal aGcouiiling policies adopted are sel oul below. 1,2 Going concern At the lime of approving Ihe financlal statements, the trustees h8ve 2 reasonable expectation Ihal the Charity has adequate resources to conliiiue in operational existence for the foresee8bla future. Thus the trustees continue lo adopt the going GonGem basis of 8CLounling in preparing the financial slalements. 1.3 Charitable funds Unrestricted funds are available for use al Ilie discretion of the Iwslees in furtherance of their charitable objectives. Restricted funds are subject to speGSfiG conditlons by donors or grantors as to how they may be used. The purposes and uses of the restrlcted funds are set out in the notes lo the financial sla18ments. Endowment funds are subjocl lo specific conditions by donors thal Ihe capital musl be niainlained by the Charily. 1.4 Income Iiicome is recognlsed when Ihe Charity is legally entitled lo il after any performance conditlons h8ve been mel, Ihe aniounts can be measured rellably, and it is probable that inwnie will b8 received, Cash donations are recognised on receipt. Other donations are recognised once the Charily has been notified of Ihe donation, unless perfomiance conditions require deferral of the amount. Income lax recoverable in relallon to donations received under Gift Aid or deeds of covenant is recognised al th8 time of the donation. Legacies are recognised on receipt or otherwise if Ihe Charity has been nolified of an iiiipeiiding dlslrlbulioii, Ihe aniount is known, and receipl is expected. If the. anio(Int is not known, the legacy 58 Ire81ed as 3 conlliigent asset.
PELSALL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng policies (Continuedl 1.5 Expenditure Expenditure Is recogiiised once there Is a legal or conslrucliv8 obllgolion lo Iraiisfer econoniiG benefit lo a Iliii'd party, it is probable 11?al a Iransfgr of economic benalils will be reqliirèd In seltl6m8nt, and the amount of tha obligation cai) be nieasured roliably. Expeiidilure is classified by aclivily. The co8is of each activity are iiiade up of the total of direct costs and shared costs, Iiicludlng support costs Involved in undertaking each aclivlly. Oirecl costs allribulable lo a slngle acllvily are allocated dlreGlly lo that aclivily. Shared Gosls whi¢li contribute lo Inore than one activity and support costs whlch al'e not atlribulable lo a singla activity are apportioned between those aclivities 01) a basis cansislenl with Ihe use of resourGes. Central staff costs Bre allocated on the basis of linie spent, and dopreciallon tshdrges are allocated on the portlon of the asset's use. 1.6 Property, plant and Èquipment Property, plant aiid equipmelll are initially measiired al cost and subsequently measured al cost or valuation, i?el of depreclallon dnd any iinpalrmenl losses. Depr8ciation is rerA)gnised so as lo write off Ihe (xjsl or valuation of assets less their resldual values over Ili&ir Iiseftil liv8s on the Inllowing hases: Freehold land 8nd buildings Fixtures and fillings Not Depreciated 15¢/& reducing balance basis Th8 gain or loss arising 011 the disposal of an asset is determined as Ihe difference belweerj the sale proceecjs and the carrying vallte of the asset, and Is recognised in the statement of financial aclivilies. 1.7 Impairment of non-current assets Al each reporting end dale, the Charity reviews the carryiiig amounts of ils tangible assots to dalormine whether there is any indication Ihal those assets have suffered an impairmeiit loss. If any such Indlcalioii exlsls. the racoverable amount of the ass&1 is esllmated in order lo determine the exlenl of th(4 impalrmanl loss (If any). 1,8 Invenlorles Inventories are slated al the lower of cosl and eslimaled s&lling price less costs lo comp16te and sell. Cost comprises dSrecl materials and, where appllcable, direct labour costs and those overheads that have been incurred in bringlng the inventories lo their present location and condition. Items held for distribution 91 no or noinin81 consideration are measured the lower of replaGement eL)51 and CA)sI. Nel realisable valup. Is th& eslimaled selling prlcft 18ss all eslimaled costs of completion and costs lo bo incuried In marketing. selllng and dislribulion. 1.9 Cash and cash equivalents Cash and cash 8quivaleiils include cash in hand, deposits hgld al call with banks, olhei short-18rm liquid investments wilh original maturities of three months or18ss. and bank overdrafts. Baiik overdrafts are shown within borrowings in current Ilabililies. Basic financial assets Basic financ'ial assets, which include trade arid other rec'eivables and casli and bank balanc8s, are Inillally measured al transaction price including transaction costs and are subsequently carrled al ainortlsed cost using Ihe effective interest method unless the arrangement conslilules a financing Irans8cIIDn, wliere the transaction Is measured al Ihe present value of the future receipts discounted al a Inarkel rale of intere51. Fii?ancial assets classified as receivable within one year are iiol amortised.
PELSALL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 {Continuedl Accounting policies Basic financlal liabilities Baslc flnanGial liabllities, includ5ng Irade and other payables and bank loai)s are inltially recogiiisad at transaction prlGe unless the arrangeTnenl coiislitules a financing transaction, where tlie debl Iiistrumeiil is nieasui'ed al Ihe preseiit valuo of the future payments discounted al a niark81 rale of ii)lere51. Financial liabillties classified as payable wilhin one year are not amortised. Debt Inslrunienls al'e 8ubsequently carrled al aniortised cost, usliig thp. effective. Inlerest rate method. Trade payables are obligations lo pay for 9ood5 or seNices that have been acqulred in tho ordinary rourse of operations from suppliers. Aniounls payable are classified as currant liabillties If payment is due wiihin oiie. ye2r or less. If not, they are presented as non-currenl liabililies. Trade p8y8bleg are recognlsed initially al transactiori prlce and subsequently measured at amortised cost using the effective interest i)ielhod. Derecognition of flnancial liabilities Financial liabilitles 8re de-recognised when the Charity's Gonlraclual obligations expir8 or are discharged or cance15ed. 1,10 Employee benefits The cost of any unused lioliday enlitlemenl is recognised in Ihe period in wl)ich the employee's seiwices are received. Termination benefits are recognised immediately as an expense wh8n the Charity is demonstrably coniinitled lo lefminate the employment of an employee or lo provide termination beiiefils. Crltlcal accounting estlmates and judgements In the appllcalion Df tlie Charily s accounting policies, the trustees are required lo make judgeinenls, estimates and assiimplions about the carying amount of assets and liabilities Ihal are nol readily apparent froin other sources. The estiiiiales and associated assumptions are based on liislorical experience and ollier lactors Iliat are consldered lo be relevant. AcluBI results may differ froin these estimates. The eslirnales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales afe recognised in the period in which ihe estimate is revised where the revision affects only Ihal period, or in Ihe period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Total Unrestricted Rostricted funds funds 2023 2023 2024 2023 33,048 Grant5 35,612 50,092 85,704
Cg OJ (O <000 tj vi tr) TY a> r r4 (000 cfjm oj (Si ij ij ry) ff) (5> (W xxa)
PELSALL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Income from investments Unrestrlcted Unrestricted fund$ funds 2024 2023 1,065 55 Inleresl receivable Expenditure on raising funds Unrestricted Unrestricted funds funds 2024 2023 Trading costs Olh8r trading aclivitles 13,683 7,475 Expenditure on charitable activities 2024 2023 Direct costs Staff costs Depreciatlon and Iiiipalrnient Repairs and Mairileiiance Rates and Insurance Ligl)I, Heal & W81er Postage, Stationery and Advertising Eqiiipmenl Rental C18anlng Telephone Sundi'ies Accountancy costs Bank and credil charges Licenses P8rformances and Shows 41,4?.4 74 71,709 6,959 9,663 4,562 44,465 87 63.030 4,587 6,481 3,073 2,156 3,044 1,205 584 1,020 1,354 956 6,017 1,213 1,035 2,009 1,217 2,685 19,122 167,689 132,042 Analysls by fund Unreslricled lunds Restrlcled funds 138,085 29.604 132,042 167,689 132,042
PELSALL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Net Inovement in funds 2024 2023 Tlie iiel movement In funds is slated after chargingl(crediling}.' Fees payablè for Ilie independent exainintilion of the charily's linai?cial slaleineiils Oepreuialion of owned property, plaiil Bnd equlpiiienl 74 87 Trustees None of the Iruslees (or aiiy persons connected with them) received any remuneration or benefits from the Charity during the year. 10 Employees The average Iiioiilhly number of employees dumng the year was.. 2024 Number 2023 Number Employment costs 202 2023 Wages and salaries 41,424 44,465 There were no employees whose annual ren)uneration was more Ihan £60,000. Remuneration of key management personnel The reiiiLlI)eralioi) of key maiiagemenl personnel was as follows.. 11 Taxation Tlie Chsrlly is exenipl from tax2don on Its acllvilies because all ils income is applled for charitable purposes. 13
PELSALL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 12 Property, plaiil and equipment Freehold land Fixturos and and bulldlngs Total Cost Al 1 July 2023 492 50,339 49,847 492 50,33 AI 30 Julie 2024 49,847 Depreciatioii and impairment Depreciation charged in the year 74 74 74 74 At 30 June 2024 Carrying amount AI 30 June 2024 418 50,265 49,847 492 50,339 AI 30 Julie 2023 49,847 13 Inventories 2024 2023 40 Raw malerials aiid consumables 14 Current Ilabllitles 2024 2023 Other 18xallon and 8ocial sei;uiity Atscruals and deferred income 1,846 6,264 1,000 8,297 8.11Q 9,297 15 Restrlcted funds Th@ restricted fund5 of Ihe Charily comprise the unexpended balances of donations 8nd grants held on Irusl subjecl lo specific condition5 by donors as lo how they may be used. At 1 July 2023 Incoming resources Resources expended Transfers At 30 June 2024 60,339 50,092 129,604) 1486) BO,341 14-
PELSALL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 15 Restricted funds Icontinuèdl Previous year.. At l July 2022 Incoming resources Resources expended Transfers At 30 June 2023 60,426 (871 60,339 16 Unrestricted funds Tlie (inr81rI.tO(l fiinds of tha Cliarity coniprise thè unexpended balances of donations and grants which art) iiot suhjerl lo speclfic condilloi)s by donors and grantors as lo how they Inay be iised. These inp,lude design8led fiinds which have been sel aside out nf unreslricled flinds by the Iruslees foi specifi'c purposes. At 1 July 2023 Incomlng resources Resources expended Transfers At 30 June 2024 General funds 53,942 146,630 (151,7681 486 49,290 Previous year: At 1 July 2022 Incoming resources Resources expended Transfèrs At 30 Jun 2023 General funds 70.098 123,274 (139.5171 87 53,942 17 Analysls of net assets between funds Unrestrlcted funds 2024 Restricted funds 2024 Total 2024 At 30 June 2024: Property, planl and equlpnienl Currant asselsllliabililiesl 418 48,872 49.847 30,494 50,265 79,366 49.290 80,341 129,631 Unrestrlcted funds 2023 Restrlcted funds 2023 Total 2023 At 30 June 2023- Property, plant and equipnienl Current asselsl(Ilabililiesl 492 53,450 49,847 10,492 50,339 63,942 53,942 60,339 114,281 15-
PELSALL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 18 Related party tran5actlons Thpre wprp no disclos81)le relaled party Iraiisaclions dUng tl)e year12023 - non81.