SOUTH KIYE COMMUNITY ASSOCIATION FINANCIAL STATEMENTS FOR YEAR ENDING 31 DECEMBER 2023 REGISTERED CHARITY NO: 700471
SOUTH WYE COMMUNITY ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION FOR YEAR ENDING 31 DECEMBER 2023 CHARITY NAME: South Wye Comrnunity Association REGISTERED CHARITY NUMBER: 700471 PRINCIPAL OFFICE: Belmont Community Centre Eastholme Avenue Belmont Hereford HR2 7UQ GOVERNING DEPARTMENT". Associatiofl Constitution dated nd 2 December 1987 TRUSTEES: Ms Aimee Bridges (Secretary) Mr Adrian Bridges (Chairl Cllr Mark Dykes {Chair- resigned) Mrs Lyndsey Evans Mr Phil Rudd Ms Racheal Percival (resigned) Mr Colin Warne Mr Keith Bound (resigned Ms Julie Furniss {resi8ned} BANKERS: Lloyds Bank plc 8 High Town Hereford HRI 2AE ACCOUNTANTS: Apple Accountants 7a Harrow Road Hereford Herefordshire HR4 OEH
SOUTH WYE COMMUNifi ASSOCIATION TRUSTEES, REPORT FOR YEAR ENDING 31 DECEMBER 2023 THE CHARITY The Charity is established to promote the benefit of the inhabitants of the South Wye Area and the neighbourhood without distinction of sex. sexual orientation. race or of political, religious or other opinions that are lawfully permitted by English and European Law, by a550ciating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants. The Charity to facilitate its objectives manages the Belmont Community Centre and continues to maintain and manage the same, whether alone or in co-operation with any local authority or other person or body. in furtherance of these objectives. FINANCIAL REVIEW 2023 The gross income due to activities and hire £22,897 and grant income of £7.750. the gross expenditure is £24.791 and depreciation £7.174, 8enerating a resource surplus of 1.318. The association ha5 a cash balance of £39,113 Our regular income from room hire included Slimming World. Centrepoint Church group, Parkinson Yoga. St Martins Lunch Club, Belmont Rural Parish Council meetings, a South Wye Daytime aub, and Bingo. Due to the economic downturn we have lost Rainbows/Brownies and Guiding. Other hirers during the year cater for NHS user groups. HWDA and ECHO. There is also a weekly, foodshare community resouce held in the carpark on Fridays. The Belmont Library continued in operation under a license agreement with Herefordshire Council. The licence is now at a peppercorn rent. However the shortfall in rent this year is offset by grant applications with Belmont Rural Parish Council £7,000. The trustees see the benefit of the library with its footfall of over 30,000 visits per year as a service to be maintained for the general public at large. In 2024 Belmont Rural Parish Council cornmitted to grant funding for 3 years for the maintenance of the library facilities. They have committed to support this service in the future. None of the volunteers or trustees performed their duties in a paid capacity Volunteer Events at the centre include a Community Café and Stay & play for the young and a Belmont Centre Lunch Club. We had a great team of volunteers. which was in excess of twenty at the start of the year. who all bring great skills to the community centre. All of their magnificent effort5 contribute to the great number of activities we deliver and the friendly and invitin8 centre we have today. This starts with a friendly smile in reception and goes through to the behind the scenes events efforts. to the extensive hours and considerable make do and fix DIY skills. There was major refurbishment works in the centre this year for the creation of an ATRIUM and new toilets. This has led to a warm and welcoming entrance with seating to encourage people to come and use while the library is open.
RESULTS FOR THE YEAR The results for the year are shown on pages 7 to 9 INDEPENDENT EXAMINERS Apple Accountant5 have agreed to offer themselves for appointment as independent examiners. On Behalf of the Trustees CL(LwoAfycbJ Adrian thiges Chair and Trustee Dated: South Wye Community Association Belmont Community Centre Eastholme Avenue 8elmont Hereford HR2 7UQ
SOUTH WYE COMMUNITY ASSOCIATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR YEAR ENDING 31 DECEMBER 2023 We are required, under the Charities Act, to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity, and of its profrt or loss for that period. In preparing these accounts we are required to: select suitable accounting policies and apply them consistently. make reasonable and prudent judgements and estimates: prepare the accounts on a going concern basis. We are also responsible for: keeping proper accounting records; safekeeping the Charitys assets; taking reasonable steps for the prevention and detection of fraud and other irregularities. On Behalf of the Trustees O QUACM 5 Adrian Bridges Chair and Trustee South Wye Community Association Belmont Community Centre Eastholme Avenue Belmont Hereford HR2 7UQ
SOUTH IVYE COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SOUTH WYE COMMUNITI ASSOCIATION UNDER SECTION 144 OF THE 2011 CHARITIES ACT I report on the accounts of the Association for the year ended 31 December 2023, which are set out on Pages 7 to 9. RESPECTIVE RESPONSIBILITIES OF TRUSTEE AND EXAMINER The charitys trustees are responsible for the preparation of the accounts. The charitvs trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: Examine the accounts under section 145 of the 2011 Act; To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5llb) of the 2011 Act; and To state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion 15 given as to whether the accounts present a "true and fair Vie and the report is limited to those matters set out in the staternent below. INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention: {11 Which gives me reasonable cause to believe that in any material respect the requirement5: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. NAME OF EXAMINER- Mr David Berkeley DATE: ADDRESS: Apple ccountants, 7A Harrow Road, Hereford HR4 OEH RELEVANT QUALIFICATIONS: Chartered Management Accountant (ACMA) PROFESSIONAL BODY: Chartered Institute of Management Accountants
SOUTH WYE COMMUNifi ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOMING RESOURCES Rental and Hire Fees Volunteer Events 19,874 1,990 7,750 439 412 16,753 2,340 27,574 115 Grant5 Sundry Receipts Donations 596 Bank Interest 182 TOTAL INCOMING RESOURCES 30,647 47,489 RESOURCES EXPENDED Direct charitable expenditure Management and Administration of the Charity 22,311 9,654 20,767 10,365 TOTAL RESOURCES EXPENDED 31,965 31,132 NET SURPLUS/(LOSS) RESOURCES FOR THE YEAR 11,318) 16,357 BALANCE Brought FonNard 181,413 165.056 BALANCE Carried FOrard 180,094 181.413
SOUTH WYE COMMUNITI ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 TANGIBLE FIXED ASSETS 272,228 227,690 CURRENT ASSETS Bank Current Account Debtors and Prepayments Cash in Hand 39,113 5,429 123 34,343 4,377 143 44,485 38,863 CURRENT LIABILITIES Creditors and Accrued Income 13,882 12,404 NET CURRENT ASSETS 30,603 26,459 302,832 304,150 FUNDS Unrestricted Funds Restricted Funds Revaluation reserve 180,095 7,912 114,824 181,375 7,750 114,824 302,832 304.150 Signed Adrian Bridges Chair Date I&cJ34
SOUTH WIE COMMUNITY ASSOCIATION NOTES ON THE FINANCIAL STATEMENTS FOR YEAR ENDING 31 DECEMBER 2023 I. PRINCIPAL ACCOUNTING POLICIES la} Basis of Accounting Policies The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice regarding accounting by charities and under the historical accounting rules. 2023 2022 DIREcf CHARITABLE EXPENDITURE Property Repairs Grounds Maintenance Light & Heat Maintenance and Repairs Water Rates 5.658 297 5,720 290 459 36 4,290 4,022 666 Insurance 1,261 5,199 850 1,126 4,597 788 2,(XJ9 572 Cleaning Waste Disposal Inspections and Licenses Angel water boiler 1,545 825 22,311 20,767 2023 2022 MANAGEMENT AND ADMINISTRATION OF THE CHARITY Telephone Postage & Stationery Bad Debt provision Sundry Expenses Depreciation Bank Charges and Interest Staff Training Accountancy Advertising 799 441 152 118 623 7.174 19 375 8,111 23 153 510 198 9,654 10,365
SOUTH WYE COMMUNifrf ASSOCIATION NOTES ON THE FINANCIAL STATEMENTS FOR YEAR ENDING 31 DECEMBER 2023 TANGIBLE FIXED ASSEfs Buildings and Gardens Furnishings and Gardens Total WDV l January 2023 Revaluation Additions 267,524 10,166 277,690 1,712 1,712 31 December 2023 269,236 10,166 279,402 Depreciation 4,632 2,541 7,174 WDV 264,604 7,624 272,228 at 31 December 2023 WDV At 31 December 2022 267,524 10,166 277,690 STAFF COSTS All trustees and volunteers act in an unpaid capacity UNRESTRicfED FUNDS 2023 2022 Balance Brought Fonvard Net Surplus/{Lossl Resources for the Year 181,143 165,056 (1,318) 38 16,357 Move funds to restricted funds Balance carried forward 180.094 181,413 RESTRicfED FUNDS 2023 2022 Balance Brought Forward Transfer Current Year Restricted Funds 7.950 {38) 7,950 Balance Carried Forward 7,912 7,950 io