REGISTERED CHARITY NUMBER: 522982 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FOR POTTERS GREEN COMMUNITY ASSOCIATION Luckmans Duckett Parker Limited Chartered Accountants Statutory Auditors 1110 Elliott Court Herald Avenue Coventry Business Park Coventry West Midlands CV5 6UB
POThERS GREEN COMMUNITY ASSOCIATION CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 June 2024 Page Report of tho Truste66 Rèport of the Independènt Auditorn Statement of Financial Actlvities 10 Balance Sheet 11 Not•s to tha Flnanclal Statement8 12 to 17 Detslled Statement of Flnanclal Actlvltles 18 to 19
POTTERS GREEN COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES for the year ended 30 June 2024 The trustees present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeGtive 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The Association is estsblished to promote the advancement of education and the provision of facilsties in the interest of social welfare for recreation and leisure-time occupation, with the objective of improving conditions of life and the provision of a community ntre to members of the local community. We also aim to provide a safe environment for all of the local communty when the facilities are used. This includes the running of the daity Playgroup l Nursery function, the pulmonary fibrosis SUPF)Ort group meets the 1st Monday of each month, Irish Dancing for children (ageing from 3 years of age to young adults), the Community choir, Tuesday club which is used for senior Gitizens, and other members of the IoGal community that use the premises. All of the above activities are held in either the main function h811 or the lounge and bar area. The main function hall is situated next to the fully refurbished lounge and bar area, and is separated by a small corridor. The Association also supports various amateur sporting sections which enable people of all ages to develop physically, mentally and socially. These section8 include Football teams, Crown Green Bowling Teams, Domino Teams, Darts Teams and a Snooker Team. In setting our objectives and planning our activities our Trustees have given careful consideration lo the Charity Commission's general guidance on public benefit and in particular to the advancement of community development and amat8ur sports. Slgnlflcant actlvltle8 The key objectives for the year included: Enhance the reputation of the Association and its facilrties to attract children and ladies to join one or more of the sporting sections within the Association. Increase the number of people to use the facilities available within or from the Association. Support local and nation81 charities by raising money from sponsored events and making donations to those charities. Play our part in the life of our Ial community through our communty access. Page 1
POTTERS GREEN COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES for the year ended 30 June 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities The year ended 30 June 2024 was a challenging year for both the association and the social club. Imth the Government increase in the energy price cap coming in to effect in 2023, we saw our energy costs almost double. Our annual Ofsted visit also highlighted some enhancements that could be made to the little potters pre-school outside activities, which along with general repairs and maintenance of the site all came at additional cost. Despite these increased costs, general inflationary increases, and economical uncertainty amongst our community coping with the cost of living crisis, the club saw an increase in turnover of some 7% and was able to contribute a healthy surplus of £127,610 to the association. Our other operating costs also needed to be addSSed and changes made to the way we operate (In other words minimum spend), we have re-negotiated our Telephone, Broadband and bundled seNices package, which has resulted in a significant cost saving. W8 intend to continue a policy of minimum spend in to thè curftt yéar, and idèntify areas whére further cost saving measures can be madé. Wè have aladY started this with the implementation of the new card payment f8cility, which should hopefully see anolher significant cost saving in the current year. Despite minimum spend, we have, wilh Jackie's help managing our expenditure, managed to undertake some quite significant repairs and maintenance proj8cts outside of the Community Centre and Social Club, to improve access and increase safety for all of our members, including improvements to the bowling green, playground 8nd garden areas, 2nd the replacement of facia's and guttering around th8 Site. Vle still also provide fe Wi-Fi, Sky l BT sport and Saturdaylsunday entertainment, which will continue. I'm extremely grateful to our finance m8n8ger Jackie McGowan for all her hard work for both the Community Association and the Social Club. A big thank you to all of our members for their continued and increasing support. Plans 8re now awaiting approval for the proposed Medical Centre, reconfigured car parking and revised 8CC8ss 8rr8ngements I have a copy of the plans if anyone wants to tske a look. Our lease ran out on the 23rd September 2023. We have been in negotiations with Coventry City Council Sin May 2022. Surveyors have been to the premises, measured up and viewed our floor plan. My thanks also to Gordon and Vicki Wright, Cpig Cleaver and Kevin Pilgrim for all their hard work in maintaining our bowling green. FINANCIAL REVIEW Prlnclpal funding sources The charity has 0 principal funding sources. The first is the occupation license paid by the Social Club to the charity and the second relates to the fees received for the running of the community play group. Investment pollcy and objectlves Under the constitution of the a$SlatiOn, the charity has the powers to make any investment, which the management cornmiltee see fit. The management committee are aware of the major strategic, business and operational risks the charity fa5 and are establishing the systems to enable the necessary steps to be taken to lessen these risks. Reserves policy The reseNes are being built up to cover the cost of the Fixed Assets of the Charity and to cover an intended working capital float of £25,000. Total reserves are £116,088 of which Fixed Assets are £114,783 the reserve will be built up over the next few years to cover the Fixed Assets and the working capital float in full. Results The net incomino resources of the year amounted to £336.894 with £355.037 b8ing used on unrestrided projects and the deficit of £18,143 being Iransferred to general reserves. Page 2
POThERS GREEN COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES for the year ended 30 June 2024 FUTURE PLANS The trustee5 are continuing to improve the facilities at the Community Centre, and are looking at all viable options to do this. STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming doGument The organisation is a charitable association governed by its own constitution adopted on 17th September 1962, as amended on 12th June 1988 and on 14th September 1988. Recrultment and appointment of new trustees The Trustees are appointed or reappointed each year by the members of the Association at the Annual General Meeting held in March. The Trustees are responsible for the overall management and control of Potters Green Community Association and m88t approximately four times a year. The Trustees give up their time freely to carry out their duties and these coincide with the principals of the Goveming Objectives which are stated within the Constitution last updated on 14th September 1988. There have been no change8 of Trustees within the last financial year. We as trustees have no planned changes to the goveming objects, aims or objectives and have done our very best in supporting our charity philosophy. We will continue to run the Community Centre in line with our documentsd Governing Objectives. Organisational structure The day to day running of the Association is delegated to the Management Committee who like the Trustees are appointed or reappointed each year by the members of the Association at the Annual General Meeting. The Management Committee meet once every fortnight. The Management Committee give up their time freely to carry out their duties and these coincide with the principals of the Governing Objectives which are stated within the Constitution last updated on 14th September 1988. All administration detsils on The Charity Commission Registration Website have been changed in line with present structure and management of The Community Association. The Chairman oversee8 the recruitinent of all staff who are associated with paid jobs at the Association. Induction and tralnlng of new tru8te88 New Trustees will be given a copy of the Charity Commission's guide to public benefit and in particular the references to "The principles to public benefif, and Meeting the public benefit requiremenv, as part of their induction. Related parti88 The charity has a sister organisation, Potters Green Social Club. This charity receives an occupation license from this organisation. The charity does not have financial relationship with any of the Trustees. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 522982 Page 3
POThERS GREEN COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES for the year ended 30 June 2024 Principal address gston Road Potters Green Coventry West Midlands CV2 2QR Trustees T Liggins P Williams Audltors Luckmans Duckett Parker Limited Chartered Accountants ststutory Auditors 1110 Elliott Court Herald Avenue Coventry Business Parft Coventry West Midlands CV5 6UB Bankern Santander BBAM Bridle Road Bootle Merseyside G1ROAA Sollcltors Rotherham & Co 8-9 The Quadrant Coventry Managament committea Chairman - D M presIch Secretary - P Brown STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financi81 statements in accordance with applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, inclLSding the incom8 and oxpenditure, of the charity for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. Page 4
porrERS GREEN COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES for the year ended 30 June 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements omply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by orderof the board oftrustees on............................................. and signed on its behalf by: P Williams - Trustee Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF POThERS GREEN COMMUNITY ASSOCIATION Opinion We have audited the financial statements of Potters Green Community Association (the 'charity') for the year ended 30 June 2024 which comprise the Statement of Financial Activities, the Balan Sheet and notes to the financial ststements, including a summary of significant accounting policies. The financial r8POrting framework that has been applied in their preparation is applicable law and United Kingdom Accounting standards (United Kingdom Generalty ACpted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 30 June 2024 and of its incoming resources and application of resources, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Ba81s for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our respon8ibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial ststem8nts section of our report. We ar8 independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclu81on8 relatlng to golng concom In auditing the financial statements, we have concluded that the twstees, use of the going concern basis of aGwunting in the prepaption of the financial statements is appropriate. Based on the work we have perfonned, we have not identif18d any material uncertainties relating to events or conditions that, individually or collecttvely, may cast significant doubt on the charity's ability to continue as going concem for a period of at least tsvelve months from when the financial statements are authorised for iSSiJ8. Our responsibilities and the responsibilities of the trustees with respect to going concèm are described in the relevant sections of this report. Othor Infomiatlon The trustees are responsible for the other infomiation. The other infomation comprises the infomiation included in the Annual Report, other than the financial Statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not covar the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomiation and, in doing $0, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misststed. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matt•r8 on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion= the infomiation given in the Report of the Trustees is inconsistent in any material respect with the financial ststements" or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns,. or we have not received all the infomiation and explanations we require for our audit. Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THETRUSTEES OF POThERS GREEN COMMUNITY ASSOCIATION Responslbllltles of trustees As explained more fully in the Statsment of Trustees, Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such intemal control as the trustees detemine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trust888 are responsible for assessing the charity's ability to continue as 8 going concern, disclosing, as applicable, matters related to going concern and using the going concern bssis of accounting unless the trustees 81th8r inténd to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF P0ERs GREEN COMMUNITY ASSOCIATION Our respon3ibllities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charits'es Act 2011 and report in acGordance with the Ad and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as 8 whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includeg our opinion. Reasonable agsuranco is a high level of assurance, but 18 not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to Influen the economic decisions of users taken on the basis of these financial statements. The extent to which our prOdureS are capable of detecting irregularities, including fraud is detsiled below: In identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and nonwcompliance with laws and regulations, our procedures included the following.. reference to past history and experience of the Entity, - enquiry of management, including obtaining and reviewing supporting documentation concerning the Entity's procedures relating to.. identifying and complying with laws and regulations and whether they were awa of any instsnces of non-compliance., - detection and respons8 to risk of fraud and whether they were aware of any actual or suspected instsnces of fraud. - a88essment of the controls and procEsses that the Entity has in place to mitigate risk Our assessments included the identification of the ft>llowing potential areas for fraud.. Management override of control., - Revenuè recognition. We design audit procedures by tailored and directed testing to aid and support the level of determined level of risk. In response to the assessed risk we plan audit tests and procedures that tsrget specific areas whore misstatement may occur. These procedures and the extent to which they are capable of detecting irregularities, including fraud, are detsiled below.. - We critically assessed the appropriateness and tested the application of the revenue and cost recognition policies - We tested the appropriateness of accounting journals and other adjustments made in the preparation of the financial statements - We reviewed the Entity's accounting policies for non-compliance with relevant standards. - We made enquiries of m8nagement and reviewed correspondence with the relevant authorities to Idèntify any irregularities or instances of non-compliance with laws and regulations In performing an audfi in accordance with UK GA4P, we exercise professional judgement and maintain professional scepticism throughout the audit process. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion or override of internal controls. There are inherent limitations in the audit proGe(lures perfomie(l. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilFties. This description foms part of our Report of the Independent Auditors. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF POThERS GREEN COMMUNITY ASSOCIATION Use of our report This report is made solely to the charity's trustees, as a body. in accordan with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors, 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 charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have fomod. Luckmans Duckett Parker Limited Chartered Accountants Statutory Auditors 1110 Elliott Court Herald Avenue Covèntry Business Parf( Coventry West Midland8 CV5 6UB Page 9
POThERS GREEN COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies g,260 8,815 Charftable actlvltles Play group Community ntre 190,202 9,822 165.516 8,347 Invesknent inrne 127,610 107,894 Totsl 336,894 290,572 EXPENDITURE ON Charftsble activltles Play group Social club Communty centre 253,052 79,661 22,324 235,778 64,100 29,564 Total 355,037 329,442 NEf INCOMEI(EXPENDITURE) (18,143) (38,870) RECONCILIATION OF FUNDS Totsl funds broughl forw8rd 134,231 173,101 TOTAL FUNDS CARRIED FORWARD 116,088 134,231 The notes fom part of these financial ststements Page 10
porrERS GREEN COMMUNITY ASSOCIATION BALANCE SHEET 30 June 2024 2024 Unrestricted fund 2023 Totsl funds Notes FIXED ASSETS Tangible a88et8 114,783 118,784 CURRENT ASSETS Stocks Cash at bank and in hand 150 45,265 150 71,007 45,415 71,157 CREDITORS Amounts falling due within one year (44,110) (55,710) NET CURRENT AssErs 1,305 15,447 TOTAL ASSETS LESS CURRENT LIABILITIES 116,088 134,231 NET ASSETS 116,088 134,231 FUNDS Unrestricted funds 10 116,088 134,231 TOTAL FUNDS 116,088 134,231 Th8 financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: P Williams - Trustee T Liggins - Trustee The notes form part of these financial statements Page11
porrERS GREEN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2024 ACCOUNTING POLICIES Basis of pr8paring the financlal statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reports'ng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliGable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019)., Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The financial statements have been prepared on a going concem basis. The charity relies on receiving payment for the occupation license from Potters Green Social Club to enable it to meet its cash requirements. The Potters Green Social Club is relying on its trading p8rfonnance to be able to make payment to this charty. The Trust88s consider that the Potters Green Social Club will continue to improve its trading performance and that the cash needs of this charity can be mat. The trustees consider that the charity will continue as a going concern. FlnanGlal reportlng stsndard 102 - reduced di8¢108ure exemptions Th8 charity has tsken advantage of the following disclosure exemptions in preparing these financial statements, as pemiitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows; the requirement of paragraph 3.17(d). Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be ceiVed and the amount can be measured reliably. Expend5turn Liabilities are recognised as expenditure as soon as there 18 a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure IS accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resour. Allocatlon and apportionment of costs Support costs are allocated to charitable activities on the basis of usage of hall space by the relevant Charrble activity. Tangibl• fixad ass6t8 Depreciation is provided at the following annual rates in order to write off each ass8t over its estim8ted useful life. Short leasehold Improvements to propety Plant and machinery Unexpired Term of Lease Unexpired Temi of Lease 200/0 on reducing baL8nce and 10% on reducing baLqn Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxatlon The charity is exempt from tax on ts charitable activities. Page 12 continued..
porrERS GREEN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued for the year ènded 30 June 2024 ACCOUNTING POLICIES- continued Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particulsr restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retlroment benefits The ch8rity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. INVESTMENT INCOME 2024 2023 Occupation licence 127,610 107,894 Investrnent income is received in the fomi of an occupation licence from its sister organisation, Potters Green Social Club. The occupation licence constitutes the net surplus re81ised by the Social Club each financial year, the Social CILJb pays this to the charity in return for provision of premises and all associated costs. INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Play group Community centre Community centre Community centre Community ntre Playgroup income Hall hire Snooker table Dance Entertainment 190,202 5,985 1,025 1,310 1,502 165,516 5,820 744 820 963 200,024 173,863 SUPPORT COSTS Governance costs Management Totals Play group Social club Community centre 42.749 64,132 21,382 1,883 2,825 942 44,632 66,957 22.324 128,263 5,650 133,913 Page 13 continued...
P0ERs GREEN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued for the year endod 30 June 2024 SUPPORT COSTS - contlnued Activity Management Basis of allocation Support costs allocated one third to playgroup, half to social club, and one 8ixth to community adivities. Support Gosts allocated one third to playgroup, half to social club, and Governan costs one sixth to community activities. Support costs, included in the above, are as follows.. Management 2024 Total activities 2023 Total activities Play group Social club Community centre Rates and water Insurance Light and heat Telephone, broadband and bundled seNices Postage and stationery Staff Entertainment Cleaning Repairs and renew818 HR support Bank charges Depreciation of tangible and heritage assets 3,048 2,716 21,137 4,574 4.075 31,710 1,525 1,358 10,572 9,147 8,149 63,419 8,044 7,516 33,511 2,316 18 285 3,328 7,517 432 347 3,475 26 428 4,992 11,277 1.159 6,950 53 856 9,984 22,554 1,296 1,040 10,016 32 143 6,816 17,619 1,345 893 3,760 218 173 520 1,605 2,407 803 4,815 30,333 42,749 64,132 21,382 128,263 116,125 Govemance c08ts 2024 Total activities 2023 Total activits-es Play group Social cILJb Community centre Auditors, Munerab.0ft Auditors, remuneration for non audit work 1,483 2,225 742 4,450 8,231 400 600 200 1,200 3,840 1,883 2,825 5,650 12,071 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. Page 14 continued...
POTTERS GREEN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2024 STAFF COSTS 2024 2023 Wages and salaries Social seGurity wsts Other pension costs 182,270 5,807 5,462 167,756 4,211 4,102 193,539 176,069 The average monthly number of employees during the year was as follows.. 2024 12 2023 Play group No employees reIved emoluments in excess of £60,000. There were no high paid staff for the years ending 30 June 2024 and 30 June 2023. TANGIBLE FIXED ASSETS Improvement8 to property Short leasehold Plant and machinery Totsls COST At 1 July 2023 Addition8 143,560 172,132 240,150 813 555,842 813 At 30 June 2024 143,560 172,132 240,963 556,655 DEPRECIA TION At 1 July 2023 Charge for year 59,706 1,073 172,132 205,220 3,741 437,058 4,814 At 30 June 2024 80,779 172,132 208,961 441,872 NET BOOKVALUE At 30 June 2024 82,781 32,002 114,783 At 30 Jun8 2023 83,854 34,930 118,784 STOCKS 2024 2023 Stocks 150 150 Page 15 continued...
POThERS GREEN COMMUNITh ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Soaal security and other taxes Other creditors Accruals and deferred income 1,666 1,828 14,678 25,938 28 1,634 27,041 27,007 44,110 55,710 10. MOVEMENT IN FUNDS Net movement in funds At 30.6.24 At 1.7.23 Unr08trict•d funds General fund 134,231 {18,143) 116,088 TOTAL FUNDS 134,231 (18,143) 116,088 Net movement in funds, included in the above are as follows: Incoming resour$ Resources expended Movement in funds Unrestrlcted fund8 General fund 336,894 (355,037) (18,143) TOTAL FUNDS 336,894 (355,037) (18,143) Comparatlves for mov•mant In funds Net movement in funds At 30.6.23 At 1.7.22 Unre8trfcted fund• Gener81 fund 173,101 (38,870) 134,231 TOTAL FUNDS 173,101 (38,870) 134,231 Comparatsve net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds UnstrIcted funds General fund 290,572 {329,442) (38.870) TOTAL FUNDS 290,572 (329.442) (38,870) Page 16 continued...
POTtER6 GREEN GOMMUNITY AS6OGIATION NOTES TO THE FINANCIAL STATEMENTS - Gontinued lor the year ended 30 June 2024 10. MOVEMENT IN FUNDS - continued A current year 41 months and pnor year 42 monlhs combined posil'on Is as follbw4'. Net movèm&nt in funds At 30.6.24 At 1.7.22 Unrnstrlcted funds General fund 173,101 (57,013) 116,088 TOTAL FUNDS 173,101 (57,013) 116,088 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follow8.. Incoming resources Resou8 expended Movement in funds Unrestricted funds General fund 627,466 (684,479) (57,013) TOTAL FUNDS 627,466 <684,479) 157,013) 11. RELATED PARTY DISCLOSURES The association has a sister organisation, Potters Green Social Club, which operates a licenced bar on the premises of Wigston Road, Potters Green, Coventry. All profits for this operation are paid over to the Associ8tion as an Occupation Licen. For the year to 30th June 2024, the occupation licence was £127,610 (2023. £107,894) All transactions be08n the entlties occur via a ban account.
porrERS GREEN COMMUNITY ASSOCIATION DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2024 2024 2023 INCOME AND ENDOWMENTS Don31ionf Illll l@oaci@5 rsnts Subscriptions 400 8,860 go 8,725 9,260 8,815 Investment incomo Occupation licence 127,610 107,894 Charftable actlvitlO8 Hall hire Pl8ygroup income Snooker table Dance Entertainment 5,985 190,202 1.025 1,310 1,502 5,820 165,516 744 820 963 200,024 173,863 Totsl Incomlng ro$ource8 336,894 290,572 EXPENDITURE Charltsble actlvltle8 Wages Social security Pensions Sundries Activities Entertainment expenses 182,270 5,807 5,462 2,493 12,388 12,704 167,756 4,211 4,102 1,173 18,983 7,021 221,124 201,248 Support costs Management Rates and water Insurance Light and heat Telephone, broadband and bundled services Postage and stationery Stsff Entertainment Cleaning Repairs and renewals HR support Bank charges Depreciation of tangible and heritage assets 9.147 8,149 63,419 8,044 7,516 33,511 6,950 53 856 9,984 22,554 1,296 1,040 10,016 32 6,816 17,619 1,345 893 4,815 30,333 128,263 116,125 This page does not fomi part of the statutory financial statements Page 18
POThERS GREEN COMMUNITY ASSOCIATION DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2024 2024 2023 Management Govemance costs Auditors, remuneration Auditors, remunerats'on for non audit work 4,450 1,200 8,231 3,840 5,650 12,071 Totsl resources expended 355,037 329.442 Net expendlturn (18,143) (38,870) This page does not fom part of the statutory financial statements Page 19