Charity Registration No. 523146 HAGLEY COMMUNITY ASSOCIATION COMMITTEE MEMBERS, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 CONTENTS Page Committee members, report Independent examiners, report Statements of Financial Activities HAGLEY COMMUNITY ASSOCIATION COMMITTEE MEMBERS, REPORT FOR THE YEAR ENDED 31" MARCH 2024 The members of the committee present their report and accounts for the year ended 31 March 2024 st Structure, governance and management The trustees, named in the lease of the land on which the community centre is built. are chosen by Hagley Parish Council and are presently R. Hemmings and J. Austin. Under charities legislation committee members are also deemed to be trustees. The Association is administered by a committee. elected annually by the members of the Association. The following have served since the last annual general meeting. S.Colella (Chairman) R. Seabury A. Templar (Secretary) A. Hess (Treasurer) N. Templar (Bookings Officer) N. Smart (Maintenance) E. Sprason D. Trewin (Village News Distribution) P. Hollis (Coopted May 2023) C. Rees (Coopted August 2023) M. Griffiths (Coopted October 2023) The Committee expresses its thanks and appreciation to all who support the Association. Objectives of the charity The Association's objectives, as defined by the constitution, are to promote for the benefit of the inhabitants of Hagley a common effort to advance education and to provide facilities for social welfare and to maintain a community centre for activities promoted by the Association. Review of activities Normal use of the Centre continues and publication of the Village News has continued to make a valuable contribution to Association funds. Page 1 HAGLEY COMMUNITY ASSOCIATION COMMIThEE MEMBERS, REPORT FOR THE YEAR ENDED 31rt MARCH 2024 (Continued) Review of the flnancial position The financial statements show a surplus for the year of £10,948 (2023 - £2,907) Income from the hire of the Hall has now fully recovered from the Covid 19 outbreak. Advertising Income from the Village News has sadly decllned thls year, whllst costs have risen resulting in a small108s for the year. As a result of Increases in the rates paid by banks to savers, useful amount of intsre8t has b8en earned - £10,657. .Running cost8 contlnue to be w811 controlled, The rebuild programme is under constant revlew. Reserves policy The Association needs a reasonable level of reserves to ensure adequate funds are avallable to cover any urgent repalrs to the Cent￿ bullding should they occur. Surplus resources are neither substantial nor available for long tenn inveslment and, therefore, a bank deposit account is deemed an appropriate investment. Publlc bonefit We confirm we had regard to the Charity Commission guidance on public benefit. Thls report was approved by the Board of Trustees at Its meetlng on xxth January 2024 and slgned on Its ￿hall S. Colell Chalr Page 2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAGLEY COMMUNITY ASSOCIATION I report to the charity trustees on my examination of the accounts for the year ended 31 March 2024, which are set out on page 4. st Responsibilities and Basis of Report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (The Act) I report in respect of my examination of the Association's accounts carried out under section 145 of The Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section (5)(b) of The Act. Independent Examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. (1) Accounting records were not kept in respect of the charity as required by Section 130 of The Act., or (2) The accounts do not accord with these records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Paul J Tivey FCA FCCA Independen Chartered Ac Pinfields Limited 57 Worcester Road Bromsgrove miner unt B617DN Dated.. 2611112024 Page 3 HAGLEY COMMUNITY ASSOCIATION Receipts and Payments Account Year ended 31st March 2024 Unrestricted Restricted Funds Funds Total 2023 Total Income Hall Hire Receipts Hall Hire Deposits Received Village News Advertising Hagley Village Market fees Affiliation Fees Bank interest Grants 24,435 24,435 24,421 300 25,081 4,990 707 25,081 4,990 707 10,657 29,390 595 1,152 208 10,657 65,869 65,869 56,066 Expenses Rates Insurances Light, Heat and Water Repairs and Maintenance Cleaning and trade waste Booking expenses Village News Hall Hire Deposits Refunded Market Expenses Miscellaneous Expenses Planning application Independent Examiner Fee 92 92 2,320 4,048 7,713 10,982 576 25,272 583 526 2,509 169 2,237 3,037 12,587 10,065 560 22,539 2,320 4,048 7,713 10,982 576 25,272 583 526 2,509 50 251 1,418 240 300 300 54,921 54,921 53,153 Surplus of Receipts over Expenditure 10,948 10,948 2,913 Add.. Cash Funds at 1st April 2022 390,343 390,343 387,430 Cash Funds at 31st March 2023 401,291 401,291 390,343 HAGLEY COMMUNITY ASSOCIATION Statement of Assets and Liabilities Year ended 31st March 2024 2024 2023 Balances at Bank Current Account Deposit Account Rebuild Account Savings Account. 32 Notice account Village Market Account 12,106 10,906 8,226 300,000 65,609 4,444 31,326 10.791 18,226 330.000 401,291 390,343 Assets Fixed Assets Debtors and Prepayments 20,404 1,450 20,404 3,375 21,854 23,779 Llabllltles Creditors 10,878 11,148 Total Assets less Current Llabllltles 412,268 402.974