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REGISTERED COMPANY NUMBER: 07506581 (England and Wales)
REGISTERED CHARITY NUMBER: 1142962














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ATHERTON COMMUNITY TRUST LIMITED

ATHERTON COMMUNITY TRUST LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4

Notes to the Financial Statements 5 to 9

ATHERTON COMMUNITY TRUST LIMITED (REGISTERED NUMBER: 07506581)

REPORT OF THE TRUSTEES
for the year ended 31 January 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Atherton Community Trust Limited was set up to raise funds to support community projects which will enrich the lives of the community through various activities including music art, culture, sport, education and pastimes. These objectives are being met through fund raising and the generosity of people in Atherton and surrounding districts.


.

ACHIEVEMENTS AND PERFORMANCE
Once again the Trust has been able to support many local groups and projects including Dorset Road Community Centre with their Air-conditioning and Christmas Party, Friends of Hag Fold Station with Artwork on the Station, Halloween parties and many events. Our Lottery is in need of more members, however the Charity Boxes have been put into more venues and will bring in increased revenue, however, we need to hold some fundraising events next year.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07506581 (England and Wales)

Registered Charity number
1142962

Registered office
20 Hillside Avenue
Atherton
Manchester
M46 9LX

Trustees
N A Bradbury
A Birtles
Mrs V A Houghton
A T Waite
S A Gerrard
Mr S P Yates
Mrs T A Hodgkinson
J P Watson Company Director

Company Secretary
Mrs V A Houghton

Approved by order of the board of trustees on 26 September 2024 and signed on its behalf by:






ATHERTON COMMUNITY TRUST LIMITED (REGISTERED NUMBER: 07506581)

REPORT OF THE TRUSTEES
for the year ended 31 January 2024

N A Bradbury - Trustee

ATHERTON COMMUNITY TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 January 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,518 6,774

Other trading activities 2 1,275 1,305
Investment income 3 43 3
Total 3,836 8,082

EXPENDITURE ON
Raising funds 536 888

Charitable activities
Charitable grants 3,704 5,870
Total 4,240 6,758

NET INCOME/(EXPENDITURE) (404 ) 1,324


RECONCILIATION OF FUNDS
Total funds brought forward 958 (366 )

TOTAL FUNDS CARRIED FORWARD 554 958

ATHERTON COMMUNITY TRUST LIMITED (REGISTERED NUMBER: 07506581)

BALANCE SHEET
31 January 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 1,070 1,450

CREDITORS
Amounts falling due within one year 9 (516 ) (492 )

NET CURRENT ASSETS 554 958

TOTAL ASSETS LESS CURRENT
LIABILITIES

554

958

NET ASSETS 554 958
FUNDS 10
Unrestricted funds 554 958
TOTAL FUNDS 554 958

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 26 September 2024 and were signed on its behalf by:





N A Bradbury - Trustee

ATHERTON COMMUNITY TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Computer equipment - 33% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Social lotteries 1,275 1,305


ATHERTON COMMUNITY TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

3. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 43 3

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets - 30

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.


6. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Directors/trustees 8 8

No employees received emoluments in excess of £60,000.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 6,774

Other trading activities 1,305
Investment income 3
Total 8,082

EXPENDITURE ON
Raising funds 888

Charitable activities
Charitable grants 5,870
Total 6,758


ATHERTON COMMUNITY TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
NET INCOME 1,324


RECONCILIATION OF FUNDS
Total funds brought forward (366 )

TOTAL FUNDS CARRIED FORWARD 958

8. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023 and 31 January 2024 90
DEPRECIATION
At 1 February 2023 and 31 January 2024 90
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 516 492

10. MOVEMENT IN FUNDS
Net
movement At
At 1.2.23 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 958 (404 ) 554

TOTAL FUNDS 958 (404 ) 554

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 3,836 (4,240 ) (404 )

TOTAL FUNDS 3,836 (4,240 ) (404 )

ATHERTON COMMUNITY TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

10. MOVEMENT IN FUNDS - continued


Comparatives for movement in funds

Net
movement At
At 1.2.22 in funds 31.1.23
£    £    £   
Unrestricted funds
General fund (366 ) 1,324 958

TOTAL FUNDS (366 ) 1,324 958

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 8,082 (6,758 ) 1,324

TOTAL FUNDS 8,082 (6,758 ) 1,324

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.2.22 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund (366 ) 920 554

TOTAL FUNDS (366 ) 920 554

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 11,918 (10,998 ) 920

TOTAL FUNDS 11,918 (10,998 ) 920


ATHERTON COMMUNITY TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2024.