REGISTERED COMPANY NUMBER : 02819720 (England and Wales) REGISTERED CHARITY NUMBER: 1025842
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | |
|---|---|
| Report of the Trustees | 1a - 1b |
| Independent examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial statements | 6 to 8 |
| Detailed Statement of Financial Activities | 9 |
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
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 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02819720 (England and Wales)
Registered Charity number
1025842
Registered office
205 Stratford Road Wolverton Milton Keynes Buckinghamshire MK12 5RL
Trustees David Lovesy Managing Trustee C Bridgman T Bulman Ms C J Cox C Walker Angela Fretten Appointed 20 July 2022
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.
Recruitment and appointment of new trustees
The Charity seeks to have on its Board, members with the right skills set to enable it to be managed in an effective manner. Any new appointment is made at a properly constituted Trustees' meeting.
Induction and training of new trustees
New trustees receive the necessary induction in regard to responsibilities and visit the office of the Charity to meet all members of staff, looking through the charity literature including recent accounts and minutes of trustees' meetings and finally meeting with Senior Management and existing trustees.
1a
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Public Benefit
The trustees have given regard to the Charity Commission's guidance on public benefit when setting the aims and objectives for the year.
Objectives and Aims
The Charity exists to provide safe, clean and accessible community facilities for recreation and education with the object of improving the conditions of life and social welfare of the inhabitants of Wolverton and its environs.
The Charity achieves this by subsidising the local Community Centre for the public benefit in the Wolverton area.
Achievements and performance
The Charity has met its' main objective by continuing to provide a Community Centre for the inhabitants of Wolverton and its environs.
Financial Review
The Charity achieved a Surplus of £843 supported by Grant income of £18,080 (2021 Surplus £610).
The Trustees' are aware of the need to maintain a minimum level of Reserves. Their opinion is the minimum level of Reserves required is an amount sufficient to cover 6 months of costs.
Share Capital
The Company is Limited by Guarantee and has no issued share capital. The liability of members is limited to £1.
Statement of Trustees Responsibilities
The Trustees, who are also directors, are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on …………………..………………. and signed on its behalf by:
Trustee D Lovesy Date:
1b
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Notes INCOMING RESOURCES Incoming Resources from generated funds Investment Income 2 Incoming Resources from charitable activities Local Giving Grant Income 11 Community Centre Total Incoming resources RESOURCES EXPENDED Charitable activities Community Centre Governance costs Total resources expended NET INCOMING/(OUTGOING RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023 Unrestricted funds £ 32 990 18,080 41,327 60,429 59,051 535 59,586 843 59,720 60,563 |
2022 Unrestricted funds £ 33 2,279 26,039 35,482 63,833 61,956 1,267 63,223 610 59,110 59,720 |
|---|---|---|
The notes form part of these financial statements
3
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
BALANCE SHEET AT 31 MARCH 2023
| Notes FIXED ASSETS Tangible Assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted Funds 9 |
2023 Unrestricted funds £ 677 5,780 55,061 60,841 955 - 59,886 60,563 60,563 60,563 60,563 |
2022 Unrestricted funds £ - 5,850 57,965 63,815 4,095 - 59,720 59,720 59,720 59,720 59,720 |
|---|---|---|
The notes form part of these financial statements
4
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
BALANCE SHEET - CONTINUED AT 31 MARCH 2023
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps records that comply with sections 386 and 387 of the Companies Act 2006 and
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(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 special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
The financial statements were approved by the Board of Trustees on and were signed on its behalf by:
Trustee
D Lovesy
The notes form part of these financial statements
5
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1 ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of 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.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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.
Plant and machinery etc - 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 INVESTMENT INCOME Deposit account interest 3 NET INCOMING/(OUTGOING) RESOURCES Net resources are stated after charging/(crediting) Depreciation - owned assets |
2023 £ 32 2023 £ 333 |
2022 £ 33 2022 £ 1847 |
|---|---|---|
4 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.
6
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| 5 STAFF COSTS Wages and salaries 6 TANGIBLE FIXED ASSETS COST At 1 April 2022 Additions DEPRECIATION At 1 April 2022 Charge for Year NET BOOK VALUE At 31 March 2023 At 31 March 2022 7 DEBTORS,AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 8 CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9 MOVEMENT IN FUNDS Unrestricted funds General Fund TOTAL FUNDS |
2023 2022 £ £ 9,437 13,863 Improvements Fixtures to Property and Fittings Total £ £ £ 17,183 25,199 42,382 - 1,000 1,000 17,183 26,199 43,382 17,183 25,199 42,382 - 333 333 17,183 25,532 42,715 - 667 667 - 1,847 1,847 2023 2022 £ £ 5,780 5,850 5,780 5,850 2023 2022 £ £ 955 4,095 955 4,095 At 01/04/22 Net movement At 31/03/2023 in funds £ £ £ 59,720 843 60,563 59,720 843 60,563 |
|---|---|
7
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
9 MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows
| Unrestricted funds General Fund TOTAL FUNDS |
Incoming Resources Movement Resources Expended in funds £ £ £ 60,429 59,586 843 60,429 59,586 843 |
|---|---|
10 CALLED UP SHARE CAPITAL
The company is Limited by Guarantee and has no issued share capital. The liability of members is limited to £1.
| 11 GRANT INCOME The following grants have been received in this year Milton Keynes Council Restart Grant 2 Grant Awarded Anglian Water 19 Recovery Fund P Marland Covid discretionary fund Co-op nominated charity Milton Keynes Community Foundation - Matched funding Wolverton & Greenleys Town Council - Queens' Platinum Jubilee Arnold Clark Hubbub - Pumpkin Project The Featherstone Trust Crowdfunding Milton Keynes Council Amazon Smile Food Cycle The Neighbourly Foundation Climate Café |
2023 £ - - - - - 3,950 1,000 2,500 1,200 2,500 5,403 1,120 32 250 100 25 18,080 |
2022 £ 8,000 7,500 8,100 300 2,139 - - - - - - - - - - - 26,039 |
|---|---|---|
8
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Community Centre Revenue Community Centre MK Community Fridge Food Delivery Project Outdoor Improvement Project Grant Income Local Giving Gross Interest Community Centre Costs MK Community Fridge Food Delivery Project Outdoor Improvement Project Match Funding Contribution Jubilee Event Pumpkin Project Warmer Wolverton Project Cleaning Gross Wages Rates and Water Insurance Light and Heat Postage and Stationery Telephone Sundries Professional & Consultancy Fees Subscriptions IT Costs Maintenance Advertising & Re-branding Costs Depreciation Governance Costs Accountancy Surplus/(Deficit) for the Year |
£ £ 35,327 6,000 - - 18,080 990 32 60,429 4,547 833 1,844 500 1,434 759 1,023 18,748 9,437 - 927 8,588 269 1,441 570 - 1,919 - 5,879 - 333 535 59,586 843 2023 |
£ £ 28,711 2,271 4,500 - 26,039 2,279 33 63,833 1,149 - 13,353 - - - - 10,568 13,863 492 925 8,876 5 1,217 1,321 475 184 708 6,973 - 1,847 1,267 63,223 610 2022 |
|---|---|---|
9