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REGISTERED COMPANY NUMBER: 03398020 (England and Wales)
REGISTERED CHARITY NUMBER: 1073825














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

St John's And Spring Grove Community
Association Limited

St John's And Spring Grove Community
Association Limited






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2

Statement of Financial Activities 3

Balance Sheet 4

Notes to the Financial Statements 5 to 8

St John's And Spring Grove Community
Association Limited

REFERENCE AND ADMINISTRATIVE DETAILS
for the Year Ended 31 March 2024



TRUSTEES Mrs J Chapelow
Ms J V Swann
D Fairweather
Rev D S Maclure
Miss B K Dhaliwal (appointed 1.5.24)
Ms E C Stewart (appointed 1.5.24)
Mrs N Z Bajzert (appointed 1.5.24)
K Joice (appointed 1.5.24)
Mrs S Ali (appointed 14.6.24)


COMPANY SECRETARY Ms J V Swann


REGISTERED OFFICE 80 St John's Road
Isleworth
Middlesex
TW7 6RU


REGISTERED COMPANY NUMBER 03398020 (England and Wales)


REGISTERED CHARITY NUMBER 1073825

St John's And Spring Grove Community
Association Limited (Registered number: 03398020)

REPORT OF THE TRUSTEES
for the Year Ended 31 March 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 March 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
Objectives - to run and let the Community Hall at 80 St Johns Road, Isleworth, Middlesex, TW7 6RU to advance education and to provide facilities in the interests of social welfare, recreation and leisure with the object of improving the conditions of life for the inhabitants of Isleworth and the neighbourhood. The Charity renewed the lease on 80 St Johns Road in 2018 for a period of 20 years.

Activities - To organize and encourage local groups to use St Johns Community Centre. The Trustees continued to market the Centre locally and are pleased to report increased income from new bookings, the benefit of which will be seen in the next financial year. With these new bookings, it is anticipated that the Centre will return to a small surplus in the year ended 31 March 2025.
During the year, the Centre incurred major expenditure when re-decorating two large rooms at the Centre to make them more attractive for lettings.

The Memorandum and Articles of Association are dated 3 July 1997. The Association shall be non-party in politics and non-sectarian in religion.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Community Centre is let throughout the year and the benefits are appreciated by the users. The Trustees no longer let the Hall for one off party bookings as it was becoming increasing difficult to accommodate these without the Charity employing staff.

FINANCIAL REVIEW
Financial position
The funds of the Charity are managed by the Trustees. The Trustees have introduced a formal risk management process to assess business risks and implement risk management strategies. This involved identifying the types of risks the Charity faces, prioritising them in terms of potential impact and identifying where possible, a means of mitigating the risks.

The Trustees will continue to actively market the Community Centre. Inflation and the increase in the cost of living has had an impact, however there is continued demand for rooms at the Centre. The Charity is in a sound financial position and the Trustees' consider that its continuance as a going concern is well placed.
The Charity made a net loss for the year of £15,732. Although the Charity is unlikely to return a surplus before 2024/25 it has sufficient funds to cover expenditure during the next financial year. The Trustees will continue to monitor the financial position and will, if necessary take appropriate action.

The net assets of the Charity at the end of the year were £101,697. The Charity maintains these reserves to meet its obligations under the lease and any medium-term obligations that may arise should the Charity have to look at an alternative heat source, other than gas.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, a Deed of Trust and is a company limited by guarantee as defined by the Companies Act 2006

Approved by order of the board of trustees on 14 November 2024 and signed on its behalf by:





Miss B K Dhaliwal - Trustee

St John's And Spring Grove Community
Association Limited

STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 20 11

Other trading activities 2 42,719 37,959
Investment income 3 815 250
Total 43,554 38,220

EXPENDITURE ON
Charitable activities
Community Hall Management 59,286 44,593

NET INCOME/(EXPENDITURE) (15,732 ) (6,373 )


RECONCILIATION OF FUNDS
Total funds brought forward 117,429 123,802

TOTAL FUNDS CARRIED FORWARD 101,697 117,429

St John's And Spring Grove Community
Association Limited (Registered number: 03398020)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 7 1,604 6,016
Investments 8 470 470
2,074 6,486

CURRENT ASSETS
Debtors 9 23,625 19,838
Cash at bank 111,040 118,832
134,665 138,670

CREDITORS
Amounts falling due within one year 10 (35,042 ) (27,727 )

NET CURRENT ASSETS 99,623 110,943

TOTAL ASSETS LESS CURRENT LIABILITIES 101,697 117,429

NET ASSETS 101,697 117,429
FUNDS 11
Unrestricted funds 101,697 117,429
TOTAL FUNDS 101,697 117,429

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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 14 November 2024 and were signed on its behalf by:





B K Dhaliwal - Trustee





D Fairweather - Trustee

St John's And Spring Grove Community
Association Limited

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 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, with the exception of investments which are included at market value.

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.

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


Fixtures and fittings - 25% 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
31.3.24 31.3.23
£    £   
Lettings income 42,719 37,959

3. INVESTMENT INCOME
31.3.24 31.3.23
£    £   
Interest receivable - trading 815 250

4. NET INCOME/(EXPENDITURE)

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

31.3.24 31.3.23
£    £   
Depreciation - owned assets 4,412 4,812


St John's And Spring Grove Community
Association Limited

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 11

Other trading activities 37,959
Investment income 250
Total 38,220

EXPENDITURE ON
Charitable activities
Community Hall Management 44,593

NET INCOME/(EXPENDITURE) (6,373 )


RECONCILIATION OF FUNDS
Total funds brought forward 123,802

TOTAL FUNDS CARRIED FORWARD 117,429

7. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 and 31 March 2024 19,250
DEPRECIATION
At 1 April 2023 13,234
Charge for year 4,412
At 31 March 2024 17,646
NET BOOK VALUE
At 31 March 2024 1,604
At 31 March 2023 6,016


St John's And Spring Grove Community
Association Limited

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 April 2023 and 31 March 2024 470
NET BOOK VALUE
At 31 March 2024 470
At 31 March 2023 470

There were no investment assets outside the UK.

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 19,104 15,244
Prepayments 4,521 4,594
23,625 19,838

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,103 9,113
Accruals and deferred income 32,939 18,614
35,042 27,727

11. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 117,429 (15,732 ) 101,697

TOTAL FUNDS 117,429 (15,732 ) 101,697

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 43,554 (59,286 ) (15,732 )

TOTAL FUNDS 43,554 (59,286 ) (15,732 )


St John's And Spring Grove Community
Association Limited

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 123,802 (6,373 ) 117,429

TOTAL FUNDS 123,802 (6,373 ) 117,429

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 38,220 (44,593 ) (6,373 )

TOTAL FUNDS 38,220 (44,593 ) (6,373 )

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

Net
movement At
At 1.4.22 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 123,802 (22,105 ) 101,697

TOTAL FUNDS 123,802 (22,105 ) 101,697

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 81,774 (103,879 ) (22,105 )

TOTAL FUNDS 81,774 (103,879 ) (22,105 )

12. RELATED PARTY DISCLOSURES

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