Gresford Gresford & District War Memorial Community Centre Trust Financial Statements For the Year Ended 31 st March 2024
Gresford & District War Memorial Community Centre Trust Contents Page Trustees, Report Auditors, Report Statement of Financial Activities Balan Sheet Notes to the Financial Statements 8-10
Gresford & District War Memorial Community Centre Trust Trustees, Report For the Financial Year ended 31st March 2024 Page 1 The Charity is regulated by a conveyance dated 1 Olh May 1949 Trustees Trustees who currently serve and those who served during the year.. Appoinled by Lord Thomas of Gresford (President) Mrs. M Heaton (Vice President) Mr lan Gibson (Chairman) Mr R Evans (Vice Chair) Mrs. J Holmes (Treasurer) Mr R Williams (Intemal Auditor) Mrs. V Shields Mr P Jones Ms. J Osborne Mr G Paletta Mjr Michael James Mr Robert Grey Mr Steven Bland Mrs Carole Grey Village Representative Village Representative Village Representative Village Representative Village Representative Village Representative Village Representative Village Representative Village Representative Village Representative Village Representative Village Repiesentative Mrs. B Blackmore Mr Andrew Bailey Mrs. Jan Jones Mrs. L Murley Mr J Bell Mr R Edwards Mr J Davies Mrs. Michelle DeRosa Mr J Lloyd (Internal Auditor) Mr G Jones Mr R Williams Miss M Williams Mrs. S Hill Mrs. S Happs Gresford Community Council Gresford Community Council Gresford Community Council Gresford All Saint's Church Gresford Cricket Club Royal British Legion Gresford Athletic Gresfoid Athletic Juniors Gresford Bowls & Billiards Gresford Snooker Club Gresford & Marford Tennis Giesford Women's Institute Gresford All Saint's Craft Group Gresford Methodist Church
Gresford & District War Memorial Community Centre Trust Trustees, Report For the Financial Year ended 31 st March 2024 Page 2 Administration Committee Mr lan Gibson (Chairman) Mrs. J Holmes (Treasurer) Mrs. V Shields Ms. J Osborne Mr R Evans (Vice Chair) Mr S Bland Mr M James Mr Robert Grey And any Trustee who wishes to attend. Principal Address Lakeside High Street Gresford Wrexham LL12 8PS Bankers National Westsninster Bank plc 33 Lord Street Wrexham LL11 1LP Barclays Bank plc Leicester LE87 288 Auditor Mr R Cole 37 Green Park Erddig Wrexham LL13 7YE Charity Registration Number 524052 Objective8 The object of the Charity is to hold the Memorial Hall and associated grounds for the purpose of physical and mental training and recreational and social, moral and intellectual development through the medium of reading and recreation rooms. library, lectures, classes and recreations and entertainments or as otherwise may be found expedient for the benefit of the inhabitants of the former Parishes of Gresford. Marford and Hoseley and their immediate vicinity.
Gresford & District War Memorial Community Centre Trust Trustees, Report For the Financial Year ended 31st March 2024 Organisation The Trustees hold the legal responsibilty for all Trust assets. Day-to4ay management of the business is vested in the Administration Committee who meet on a regular basis and report to the main commtttee. The main committee of the Trust holds regular meetings. Page 3 Advice is sought from the Charity Commission regarding issues raised to ensure we comply with Charity Law and work in the best interest of the Trust. Review We have received further financial grant aid from Gresford Community Council for grounds maintenance. The upgrade of the hall lights to LED fixtures has been completed, which was partly funded by the Community Council last year. Trustees continue to help to ensure all Health and Safety issues are dealt with and their assistance is greally appreciated. We continue to monitor facilities as the building ages and work was needed to replace the large hot water boiler. We have completed the leases for the Royal British Legion, Allington Park with Gresford Community Council and the Lease by Wales and West for the siting of the Gas govemors. The income received will help protect the Trust in years to come. We continue to maintain the grounds for the use by the public, including tree work. A generous donation from 1st Affinity has enabled the completion of the Coronation Garden with volunteers working to plant out and keep the new garden weed free. We also owe a huge thank you to Jo Burke, our Facilities Manager our staff and the Trustees who give freely of their time taking on the task of ensuring the Trust is protected for future generations. Without them the village would k)se its most valuable asset. Fundraising Is supported by the monthly 100 Club draw. We continually seek new members to sign up for that fund raising effort. Resources Note 10 to the financial accounts sets out the analysis of assets attributable to the various funds. The Trustees consider these resources to be adequate for the purposes of the Charity. Operational Risks To monitor and manage the operational costs of the Trust a budget review is prepared and monitored by a finance sub-committee and presented at the monthly Trust meetings. This is a means by which we can monitor income and expenditure. Mr. lan Gibson Chaimian 151, |2L¥
Gresford & District War Memorial Community Centre Trust Report of the Auditor to the Trustees For the Financial Year ended 31 st March 2024 I have audited the financial statements of Gresford and District War Memorial Community Centre Trust for the year ended 31st March 2024 which comprise of Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have been prepared under the historical cost wnvention and the accounting policies set out therein. Page 4 This report is made solely to the charity trustees, as a body, in accordance with sections 43 and 44 of the Charities Act 1993. My audit Vrk has been undertaken so that I might state to the charity's trustees those matters l am required to state in an auditor's report and for no other purpose. To the fullest extent pemiitted by law, I do not acpt or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my audit work. for this report, or for the opinions I have formed. Respectlve responslbllltles of Trustees and Auditors The trustees. responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and Unff(ed Kingdom Accounting Standards (Untted Kingdom Generally Accepted Accounting Practi) are set out in the Statement of Trustees, responsibilities. My responsibility is to audit the financial statements in accordan with relevant legal and regulatory requirements and Intemational Standards on Auditing (UK and Ireland). I report to you my opinion as to whether the financial statements give a true and fair view and are propedy prepared in accordance wtth the Charities Act 1993. 1 also report to you if, in my opinion. the Annual Report is not consistent with the financial statements. In addition. I report to you if, in my opinion the charity has not kept proper accounting records, or if I have not received all the infomation arKI explanations I require for the audit. I read the Trustees. Report and consider the implications for my report if I become aware of any apparent misstatements within it. Basis of Opinion I conducted my audit in accordan with Intemational Slandards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis. of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgments made by the trustees in preparation of the financial statements, and of whether the accounting policies are appropriate to the charitls circumstances, consistently applied and adequately disclosed. I planned and perfomied my audit so as to obtain all the information and explanations which I Gonsidered necessary in order to provide me with sufficient eviden to give reasonable assurance that the financial statements are free from material mis-statement, whether caused by fraud or other irregularity or error. In fonning an opinion, l also evaluated the overall adequacy of the presentation of infonnation in the financial statements.
Gresford & District War Memorial Community Centre Trust Report of the Auditor to the Trustees For the Financial Year ended 31 st March 2024 Page 5 Opinion In my opinion: The financial statements give a true and fair view, in accordance with United Kingdom Generally Accepted Accounting Practi, of the state of the Charity's affairs as at 31 St March 2024 and of its incoming res)urces and application of resources for the year then ended. The financial statements have been properly prepared in accordance with the Charities Act 1993. Mr R Cole
Gresford & District War Memorial Community Centre Trust Statement of Financial Activities For the Financial Year ended 31 st March 2024 Page 6 Unrestricted Funds Restricted Funds INCOMING RESOURCES: 2024 2023 Grants Receivable Hire of facilities Rent receivable Donations Grft AKI 100 Club Miscellaneous Income Interest receivable Fund raising Feed In Tariff 3500 4,863 43,516 4,141 1.366 240 1,848 2,254 144 45,698 59,618 3.990 45,698 59.618 7,9 1.858 1,450 1,218 1,858 1.450 1.218 3,679 3.679 3,815 Purchase of benches by community HMRC Job Retention Scheme Total Incomlng resources 117.511 7.5 125,011 62.187 RESOURCES EXPENDED Costs of activities in fvrtherartt of th8 objects of the charity 82.796 67.692 Total resources expend NETIOUTGOINGI INCOMING RESOURCES 37,058 5,157 42.215 -5.505 Fund balances brought forward at 3110312023 131.821 288.325 420,146 425,651 Fund balances carried forward al 31 March 2024 293 482 420 146
Gresford & District War Memorial Community Centre Trust Balance Sheet as at 31 st March 2024 Page 7 2024 2023 FIXED ASSETS Tangible assets 310702 CURRENT ASSETS Debtors and Prepayments Cash at bank and in hand 2.957 150.586 2,092 112,824 153.543 114.916 CREDITORS: Amounts f811ing due within one year NET CURRENT ASSETS -1,884 151659 -1,064 113852 NET ASSETS Represented by FUNDS Restricted Unrestricted 293482 168879 288,325 131,821 Mr lan Gibson Chairman Mr Ric ard Evans VI Chairman
Gresford & District War Memorial Community Centre Trust Notes to the Financial Statements For the Financial Year ended 31 st March 2024 Page 8 The financial statements have been prepared in accordance with the Statement of Recommended Practice ISORPI,Accounting and Reporting by Chartties aiKJ accounting standards 1 ACCOUNTING POLICIES The principal accounting policies adopted in the preparation of the financiat statements are sel out below a) 8asis of Preparation of Financial Ststements The financial statements are prepared under the histo1 (#)st convention b) Fixed Assets Depreciation has been provided al the following rates in order lo write off the cost of the fixed assets over their anticipated useful lives lo the Charity. Freehold buildings Fixtures. filtings. and equipment Solar Panels 2% and 20% of ¢>)st 25% reducing balance. 5% of cost ) Hire Chargas and Rental Income Hire charges and rental income are accwnted for in Ihe kwicxl to which they relate d) Grants Recelvable Gr8nls recewable are acwunted for in the to which they relate e) Resources Expended Resources expended are recognised in the period in which they are incurred, inclusive of VAT where appropriale. They are allocated lo the partiwlar thity where the cost relates direcwy lo that acts'vity. GRANTS RECEIVABLE Unrestricted Restrided Totsl Total Fund$ Funds Funds Funds 2024 2023 Gresford Community Council 3,500 3.500 4.000 863 WCBC
Gresford & District War Memorial Community Centre Trust Notes to the Financial Statements For the Financial Year ended 31st March 2024 Page 9 Unrestricted Restricted Funds Funds Total Funds Totsl Funds 3. COSTS OF ACTIVITIES IN FURTHERANCE OF THE OBJECTS OF THE CHARITY 2024 2023 Landscaping and ground Heat, light . water and refuse Insuran PrinUStationerylPost Comput6r web site Telephone & internel Repairs and maintenance Cleaning 100 Club Expenses & Prizes Miscellaneous exp8nditure Bad Debts Legal Fees Staff Wages Fund Raising Sub Total Depreciation Freehold Building Fixtures, fittings and equipment Sub Total 14.798 8,038 2,830 652 731 2.343 17,141 8,038 2,830 652 731 14.242 7,888 4,558 358 535 462 6,757 763 870 809 14 9.888 879 840 1.843 9,888 879 1,843 2.156 16.948 2,156 16,948 16,269 11.171 11.171 8.575 11,171 67 653 4. MANAGEMENT AND ADMINISTRATION COSTS Audit and accountancy 256 256 39 TOTAL COSTS 5. TOTAL RESOURCES EXPENDED Depreciation Oiher costs 2024 2023 Costs of activities in furtheran of the objects of the charity
Gresford & District War Memorial Community Centre Trust Notes to the Financial Statements For the Financial Year ended 31 st March 2024 Page 10 6. TANGIBLE FIXED ASSETS Solar Panels Land and Buildings Fixtures Fittings & Equlpment Tolal Total 2024 2023 COST At 31 March 2023 558 544 680 376 679 296 Additions 24,154 24,154 1,080 At 31 March 2024 120 450 704 530 680 376 DEPRECIATION At 31 March 2023 15.313 1.276 267.515 11.171 91,254 7.299 374,082 19,746 359,955 14,127 Charge for the year At 31 March 2024 393 828 374 082 At 31 March 2023 291029 306 294 319 341 At 31 March 2024 279 858 310 702 306 294 The net book value of assets held at 31 March 2024 comprises solely of assets for direcl charilable purposes 7.Truste8s' Remuneratlon and Expensès None of the Trustees received remuneration or expens8S