REGISTERED CHARITY NUMBER: 1011968
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2023
for
West Bowling Community Centre
Abraham Accountants Sher House 46 Houghton Place Bradford West Yorkshire BD1 3RG
West Bowling Community Centre
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 8 |
| Detailed Statement of Financial Activities | 9 to 10 |
West Bowling Community Centre
Report of the Trustees for the Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1011968
Principal address
Clipstone Street Bradford Yorkshire BD5 8EA
Trustees
Mrs F Mir Mr N H Ali Mr I Shafiq Mr I Khan Mrs N Khan Mr A H Ismail
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................
Mr N H Ali - Trustee
Page 1
West Bowling Community Centre
Statement of Financial Activities for the Year Ended 31 March 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 324,228 Investment income 2 771 Total 324,999 EXPENDITURE ON Raising funds 327,021 NET INCOME/(EXPENDITURE) (2,022) RECONCILIATION OF FUNDS Total funds brought forward 385,024 TOTAL FUNDS CARRIED FORWARD 383,002 |
2022 Total funds £ 325,303 575 |
|---|---|
| 325,878 | |
| 247,367 | |
| 78,511 306,513 |
|
| 385,024 |
The notes form part of these financial statements
Page 2
West Bowling Community Centre
Balance Sheet 31 March 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 4,319 CURRENT ASSETS Cash at bank and in hand 383,032 CREDITORS Amounts falling due within one year 6 (4,349) NET CURRENT ASSETS 378,683 TOTAL ASSETS LESS CURRENT LIABILITIES 383,002 NET ASSETS 383,002 FUNDS 7 Unrestricted funds 383,002 TOTAL FUNDS 383,002 |
2022 Total funds £ 2,741 383,810 (1,527) 382,283 385,024 385,024 385,024 385,024 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr N H Ali - Trustee
The notes form part of these financial statements
Page 3
West Bowling Community Centre
Notes to the Financial Statements for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognized 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 recognized 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.
Taxation
The charity is exempt from 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.
continued...
Page 4
West Bowling Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Bank Interest | 771 | 575 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 325,303 |
| Investment income | 575 |
| Total | 325,878 |
| EXPENDITURE ON | |
| Raising funds | 247,367 |
| NET INCOME | 78,511 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 306,513 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 385,024 |
Page 5
continued...
West Bowling Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
5. TANGIBLE FIXED ASSETS
| COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Taxation and social security 4,349 7. MOVEMENT IN FUNDS Net movement At 1/4/22 in funds £ £ Unrestricted funds General fund 385,024 (2,022) TOTAL FUNDS 385,024 (2,022) |
Fixtures and fittings £ 17,449 3,018 20,467 14,708 1,440 16,148 4,319 2,741 2022 £ 1,527 At 31/3/23 £ 383,002 383,002 |
|---|---|
Page 6
continued...
West Bowling Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 324,999 (327,021) TOTAL FUNDS 324,999 (327,021) Comparatives for movement in funds Net movement At 1/4/21 in funds £ £ Unrestricted funds General fund 306,513 78,511 TOTAL FUNDS 306,513 78,511 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 325,878 (247,367) TOTAL FUNDS 325,878 (247,367) |
Movement in funds £ (2,022) (2,022) At 31/3/22 £ 385,024 385,024 Movement in funds £ 78,511 78,511 |
|---|---|
continued...
Page 7
West Bowling Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/4/21 £ 306,513 306,513 |
Net movement in funds £ 76,489 76,489 |
At 31/3/23 £ 383,002 |
|---|---|---|---|
| 383,002 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 650,877 650,877 |
Resources expended £ (574,388) (574,388) |
Movement in funds £ 76,489 76,489 |
|---|---|---|---|
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 8
West Bowling Community Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| INCOME AND ENDOWMENTS Donations and legacies Family Action BMDC Day Opss EUSS BMDC Core Costs Business Grants BSB NP Parent in Lead Other Grants Other Income Investment income Bank Interest Total incoming resources EXPENDITURE Raising donations and legacies Wages Rates and water Insurance Light and heat Telephone Postage and stationery Repairs & Renewals Professional Fees Accountancy Project Expenses Sundries Rent Depreciation of tangible fixed assets |
2023 £ 83,412 19,470 15,500 11,500 15,000 136,893 1,079 33,725 7,649 324,228 771 324,999 197,321 1,913 1,695 14,904 3,363 1,213 34,548 3,457 1,632 41,465 1,070 23,000 1,440 327,021 |
2022 £ 107,762 18,546 31,500 13,500 7,708 92,542 11,970 34,183 7,592 |
|---|---|---|
| 325,303 575 |
||
| 325,878 130,386 7,244 1,291 9,759 1,220 1,700 6,733 1,868 1,632 64,594 2,776 17,250 914 |
||
| 247,367 |
This page does not form part of the statutory financial statements
Page 9
West Bowling Community Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Detailed Statement of Financial Activities for the Year Ended 31 March 2023 |
||
|---|---|---|
| Total resources expended Net (expenditure)/income |
2023 £ 327,021 (2,022) |
2022 £ |
| 247,367 | ||
| 78,511 |
This page does not form part of the statutory financial statements
Page 10