2024-01-31-annual-report

Annsborough Community Forum IA company limitèd by guarant••, not having a share capital) TRUSTEES, ANNUAL REPORT for the financi81 year ended 31 January 2024 The truslees presenl their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited financial statements for the financial year ended 31 January 2024. The financial staternents are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. The Trustees, Report contains the infomiation required to be provided in the TTU5tees' Annual Report under the Statement of Recommended Practice ISORPI guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members af the board of trustees. In this report the trustees of Annsborough Community Forum present a summary of its purpose, govemance, actiwties. achievements and finances forthe financial year 31 January 2024. The charity is a registered charity and hence the report and results are presented in a fomi which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommersded Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements. Management In January 2024, a new committee was elected at the AGM. Review of Activities, Achievernents and Performance Annsborough Community Fonjm owns and manages a community hall facility in the village of Annsborough for the social and recreational benefit of local people. The Trustees ofAnnsborough Community Forum have complied with their duty to have due regard to the commissions public benefit guidonce when exercising powers and duties. During the financial year Annsborough Community Forum continued to manage Annsborough community hall by.. providing facilities to improve the conditions of life for local people., promoting arts and culture-, promoting citizenship and develop capacity- The benefits of meeting the above purposes included: increased community participation- social interaction opportunities., improved conditions of life (improved wellbeinglreduced isolation). The beneficiaries were people liwng in Annsborough and the surrounding Tural area. Financial Review The result5 for the financial year are Set out on page 8 and additional notes are provided showing income and expenditure in greater detail. Financial Results At the end of the financial year the charity has assets of £324,495 (2023 £344,070) and liabilities of £0.00 (2023 £10,747). The net assets of the charity have decreased by £18,828). Compliance with Sector-wide Legislation and Standards The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Annsborough Community Forum subscribes to and is compliant with the following.. The Companies Act 2006 The Charities SORP IFRS 102) Approved by the Board of Trustees on 30 September 2024 and signed on its behalf by: eena Murray Trustee