Registered number 700315
Darley Abbey Community Association Report and Accounts 31 March 2024 Darley Abbey Community Association Registered number: 700315 Trustees' Report
The Trustees present their report and accounts for year ending 31 March 2024 Principal activities The Charity's principal activity during the year continued to be the provision of facilities for community activities and events Trustees The following persons served as Trustees Ian Smith Janet Dean Caine Scott-Mullen Sian Hoyle Hilary Rhodes Small company provisions This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on 7 August 2024
J Dean Trustee Darley Abbey Community Association Profit and Loss Account for the year ended 31 March 2024 2024 2023 £ £ Turnover 37,528 22,482 Gross profit 37,528 22,482 Administrative expenses (29,227) (27,095) Operating profit/(loss) 8,301 (4,613) Interest receivable 83 68 Profit/(loss) before taxation 8,384 (4,545) Profit/(loss) for the financial year 8,384 (4,545) Darley Abbey Community Association Registered number: 700315 Balance Sheet as at 31 March 2024 Notes 2024 2023 £ £ Fixed assets Tangible assets 2 4,214 1,250 4,214 1,250 Current assets Cash at bank and in hand 25,516 19,857 25,516 19,857 Creditors: amounts falling due within one year 3 (1,199) (960) Net current assets 24,317 18,897 Total assets less current liabilities 28,531 20,147 Net assets 28,531 20,147 Capital and reserves Profit and loss account 28,531 20,147 Shareholders' funds 28,531 20,147 The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. 0/ The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. J Dean Trustee Approved by the board on 7 August 2024 Darley Abbey Community Association Statement of Changes in Equity for the year ended 31 March 2024 Share Share ReProfit Total capital premium valuation and loss reserve account £ £ £ £ £ - - - At 1 April 2022 27,737 27,737 Loss for the financial year (4,545) (4,545) Gain on revaluation of land and - - buildings Deferred taxation arising on the - - revaluation of land and buildings Other comprehensive income for the - - - - - financial year Total comprehensive income for the - - - financial year (4,545) (4,545) Dividends - - Shares issued - - - Shares redeemed - - At 31 March 2023 - - - 20,147 20,147 - - Correction of prior year errors Effect of retrospective changes in - - accounting policies At 31 March 2023 as restated - - - 20,147 20,147 - - - At 1 April 2023 20,147 20,147 Profit for the financial year 8,384 8,384 Gain on revaluation of land and - - buildings Deferred taxation arising on the - - revaluation of land and buildings Other comprehensive income for the - - - - - financial year Total comprehensive income for the - - - financial year 8,384 8,384 Dividends - - Shares issued - - - Shares redeemed - - At 31 March 2024 - - - 28,531 28,531 Darley Abbey Community Association Notes to the Accounts for the year ended 31 March 2024 1 Accounting policies Basis of preparation The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). Turnover Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Tangible fixed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures, fittings, tools and equipment over 5 years Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. 2 Tangible fixed assets Plant and Land and machinery Motor buildings etc vehicles Total £ £ £ £ Cost - - At 1 April 2023 2,550 2,550 Additions - 4,369 - 4,369 - - - - Surplus on revaluation - - - - Disposals At 31 March 2024 - 6,919 - 6,919 Depreciation - - At 1 April 2023 1,300 1,300 - - Charge for the year 1,405 1,405 - - - - Surplus on revaluation - - - - On disposals At 31 March 2024 - 2,705 - 2,705 Net book value At 31 March 2024 - 4,214 - 4,214 At 31 March 2023 - 1,250 - 1,250 3 Creditors: amounts falling due within one year 2024 2023 £ £ Other creditors 1,199 960 1,199 960 4 Other information Darley Abbey Community Association is a private company limited by shares and incorporated in England. Its registered office is: arley Abbey Village Hall Abbey Yard Darley Abbey Derby DE22 1DS Darley Abbey Community Association Detailed profit and loss account for the year ended 31 March 2024 This schedule does not form part of the statutory accounts 2024 2023 £ £ Sales 37,528 22,482 Gross profit 37,528 22,482 Administrative expenses (29,227) (27,095) Operating profit/(loss) 8,301 (4,613) Interest receivable 83 68 Profit/(loss) before tax 8,384 (4,545) Darley Abbey Community Association Detailed profit and loss account for the year ended 31 March 2024 This schedule does not form part of the statutory accounts 2024 2023 £ £ Sales Sales 37,528 22,482 37,528 22,482 Administrative expenses Premises costs: Rates 959 889 - - Service charges Light and heat 9,546 7,852 Cleaning 9,835 7,802 20,340 16,543 General administrative expenses: Telephone and Internet 99 Insurance - 632 Repairs and maintenance 4,239 11,741 Depreciation 1,405 417 Sundry expenses 2,917 275 8,561 13,164 Legal and professional costs: Accountancy fees 240 240 Advertising and PR - 193 Other legal and professional 86 - 326 433 29,227 27,095 0 Other operating income - - Other operating income - -