SOUTH WYE COMMUNITY ASSOCIATION FINANCIAL STATEMENTS FOR YEAR ENDING 31 DECEMBER 2024 REGISTERED CHARITY NO: 7CM)471 SOUTH WYE COMMUNifi ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION FOR YEAR ENDING 31 DECEMBER 2024 CHARITY NAME: South Wye Community Association 7CK)471 Belmont Community Centre Eastholme Avenue Belmont Hereford HR2 7UQ REGISTERED CHARITY NUMBER: PRINCIPAL OFFICE= GOVERNING DEPARTMENT: Association Constitution dated nd 2 December 1987 TRUSTEES.. M5 Aimee Bridges (Secretary) Mr Adrian Bridges {Chair} Mrs Lyndsey Evans Mr Phil Rudd Mr Colin Warne BANKERS: Uoyds Bank plc 8 High Town Hereford HRI 2AE ACCOUNTANT5'. Apple Accountants 7a Harrow Road Hereford Herefordshire HR4 OEH SOUTH VIYE COMMUNITY ASSOCIATION TRUSTEES, REPORT FOR YEAR ENDING 31 DECEMBER 2024 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 politica5. religious or other opinions that are lawfully permitted by English and European Law, by associating 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 2024 The gross income due to activities and hire £34.886 including grant income of £9,875, the gross expenditure is £39.663 including depreciation £7,457 generating a resource deficit of £4.319. The association has a cash balance of £36.912 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 Club. and Bingo. Other hirers during the year cater for NHS user group5, HWDA and ECHO and others There is also a weekly, food-share community resource held in the tarpark on Fridays. The Belmont Library continued in operation under a legal agreement with Herefordshire Council. The licence is now at a peppercorn rent, recently negotiated for 5 years. The shortfall in rent each year is offset by grant applications with Belmont Rural Parish Council, this year was £10,500. The trustees see the benefit of the library with its footf311 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 committed to grant funding for l 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. During this financial year we had monthly events organised which represented seasonal activities. le a Burn5 night etc 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 efforts contribute to the great number of activities we deliver and the friendly and inviting 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. RESULTS FOR THE YEAR The results for the year are shown on pages 7 to 9 INDEPENDENT EXAMINERS Apple Accountants have agreed to offer themselves for appointment as independent examiners. On Behalf of the Trustees Adrian Bridges Chair and Trustee South Wye Community Association Belmont Community Centre Eastholme Avenue Belmont Hereford HR2 7UQ SOUTH IVYE COMMUNITY ASSOCIATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR YEAR ENDING 31 DECEMBER 2024 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 profit 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 judgement5 and estimates: prepare the accounts on a going concern basis. We are also responsible for: keeping proper accounting records; safekeeping the Charitvs assets; taking reasonable step5 for the prevention and detection of fraud and other irregularities. On Behalf of the Trustees Adrian Bridges Chair and Trustee Dated: 1119{￿ South Wye Community Association Belmont Community Centre Eastholme Avenue Belmont Hereford HR2 7UQ SOUTH WYE COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE SOUTH WYE COMMUNITY ASSOCIATION UNDER SECTION 144 OF THE 2011 CHARITIES ACT I report on the accounts of the Association for the year ended 31 December 2024, which are set out on Pages 7 to 9. RESPECTIVE RESPONSIBILITIES OF TRUSTEE AND EXAMINER The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) 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 settion 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 is given as to whether the accounts present a "true and fair vie￿, and the report is limited to those matters set out in the Statement 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 respert the requirements: 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: 17/./. ADDRESS: Apple Accountants, 7A Harrow Road. Hereford HR4 OEH RELEVANT QUALIFICATIONS: Chartered Management Accountant {ACMA) PROFESSIONAL BODY: Chartered Institute of Management Accountants SOUTH WIE COMMUNITI ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOMING RESOURCES Rental and Hire Fees Volunteer Events 21,373 2,360 9.875 679 19,874 1,990 7,750 439 Grants Sundry Receipts Donations 412 Bank Interest 457 182 TOTAL INCOMING RESOURCES 35,344 30,647 RESOURCES EXPENDED Direct charitable expenditure Management and Administration of the Charity 27,251 12,412 22,311 9,654 TOTAL RESOURCES EXPENDED 39,663 31,965 NET SURPLUS/(LOSS) RESOURCES FOR THE YEAR (4,319) {1,3181 BALANCE Brought Forward 180,094 181,413 BALANCE Carried Forward 175.775 180,094 SOUTH WYE COMMUNITY ASSOCIATION STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 TANGIBLE FIXED ASSETS 264,456 272,228 CURRENT ASSETS Bank Current Account Debtors and Prepayments Cash in Hand 36,912 4.279 132 39,113 5,429 123 41.323 44,485 CURRENT LIABILITIES Creditors and Accrued Income 7,267 13.882 NET CURRENT ASSETS 34,056 30,603 298.512 302,832 FUNDS Unrestricted Funds Restricted Funds 180,316 3,372 114,824 180,095 7,912 114,824 Revaluation reSe￿e 298,512 302,832 Signed Adrian Bridges Chair Date Ilio)ko* SOUTH WYE COMMUNITY ASSOCIATION NOTES ON THE FINANCIAL STATEMENTS FOR YEAR ENDING 31 DECEMBER 2024 I. PRINCIPAL ACCOUNTING POLICIES lal Basis of Accounting Policies The accounts have been prepared in accordance with appltcable accounting standards. the Statement of Recommended Practice regarding accounting by charities and under the historical accounting rules. 2024 2023 DIRECT CHARITABLE EXPENDITURE Property Repairs Grounds Maintenance Light & Heat Maintenance and Repairs Water Rates 8,691 5.658 297 5,720 290 5,991 415 580 666 Insurance 1,377 7,197 904 1,261 5,199 850 1,545 825 Cleaning Waste Disposal Inspections and Licenses Angel water boiler 1,296 800 27,251 22,311 2024 2023 MANAGEMENT AND ADMINISTRATION OF THE CHARITY Telephone Postage & Stationery Bad Debt provision Sundry Expenses Depreciation Bank Charges and Interest Staff Training Accountancy Professional fees 685 733 799 441 118 866 623 7,457 31 7,174 19 480 2,160 12,412 9,654 SOUTH WYE COMMUNifi ASSOCIATION NOTE5 ON THE FINANCIAL STATEMENTS FOR YEAR ENDING 31 DECEMBER 2024 TANGIBLE FIXED ASSETS Buildings and Gardens Furnishings and Total Fittings WDV l January 2024 Revaluation/adjustments Additions 264,604 15,165) 7,624 272,228 (5.1651 4,849 4,849 31 December 2024 259.493 12,473 271,912 Depreciation 4,338 3,118 7,456 WDV 255,101 9,355 264,456 at 31 December 2024 WDV At 31 December 2023 264,604 7,624 272,228 STAFF COSTS All trustees and volunteers act in an unpaid capacity UNRESTRICTED FUNDS 2024 2023 Balance Brought Forward Net Surplus/{Loss) Resources for the Year Move funds to restricted funds 180,094 (4,3191 4,540 181,143 {1,3181 38 Balance carried forward 180,316 180,094 RESTRICTED FUNDS 2024 2023 Balance Brought ForNard Transfer Current Year Restricted Funds 7,912 (4.540) 7,912 138} Balance Carried ForNard 3,372 7,912 io