Drumellan Community Association
TRUSTEES, REPORT
for the flnancial year ended 31 March 2024
Flnancial Revlew
The results for the financlal year ale sel out on pago and 8¢tdltion81 notes are provided showing ineome and
oxpendilur6 in greater detall.
Drumellan Communily Association has sel a rèserves policy which requires reserve5 to be held at a nlnlmum of
£20.000 which will ensure that Ihe core acllvlty of the organ15alion could conllnue durfng a period ol unforseen
difficully. A properiion of Ihese reserves havg lo be maintained In a readily realisable forrn.
Th8 calculation of the requiredlovel of reserygs Is an Inlregral part of the planning. budget and forecast cycle of the
settSng. It takes in lo account..
- Risks associated with each stream of income and expenditure being dlfferenl from thal budg8t8d-,
- Planned activity levol..
- Commltmenl lo beneflciaries
Results and Dlvldends
Al Ihe end of Iho financlal year Ihg charSty has assets of £141.104 I2023 - £109.5941 and Ilabiltti8s of £2,47912023
£2.479). The nel assets of the charliy have IncreAsod by £31,510.
In accordance wllh the Consttlullon, thè trusto88 rellrg by rolalion and, being eligible, offer themselves for Te-electlon.
Compllance wlth Se¢tor-Wid¢ Le9lslatlon and Standard$
The charity eng8ges pro-a¢ilvely wllh legislation, sland8rds and ¢odes whlch aft developed for the so¢tcr. Drumellan
Community As50ciallon subscrlbes lo at)d Is compllant wllh Iho followlng,.
The Charilles SORP IFRS 1021
ApproY•d by the Boafd of Tru$t••• on 28 August 2024 and 81gnod on Its behalf by..
8omle Bums
Trust
John Crooks
Tru$t••