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 2024 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 2024
| 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 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 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 Chris Bridgman Resigned 22nd November 2023 Tom Bulman Ms Carole J Cox Colin Walker Angela Fretten Lee-Anne Styles Appointed 1st March 2024 Mark Saunders Appointed 1st March 2024 Timothy Layden Appointed 1st March 2024 Alexander Alcock Appointed 1st March 2024 Martyn Ridley Appointed 1st March 2024 Independent Examiner T C Group Ground Floor , Baird House Seebeck Place , Knowhill Milton Keynes MK5 8FR
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 2024
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 suffered a deficit of £6,167 supported by Grant income of £12,902 (2023: Surplus £843).
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 11 December 2024 and signed on its behalf by:
Trustee D Lovesy Date: 11 December 2024
1b
Company Number : 02819720
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
I report on the accounts for the year ended 31 March 2024 set out on pages three to eight.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts in accordance with requirements of the Companies Act 2006.
The trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination it is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedure laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act) ; and
-
to state whether particular matters have come to my attention
Basis of the independent examiner's report
My examination was carried out in accordance with the General directions given by the Charity Commission An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
(1) Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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(2) The accounts do not accord with those records; or
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(3) The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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(4) The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Lauren Upton ACCA (3772510) T C Group Ground Floor , Baird House Seebeck Place , Knowhill Milton Keynes MK5 8FR
Date:
2
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| 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 |
2024 Unrestricted funds £ 119 850 12,902 47,173 61,041 66,098 1,110 67,208 6,167 - 60,563 54,396 |
2023 Unrestricted funds £ 32 990 18,080 41,327 |
|---|---|---|
| 60,429 59,051 535 |
||
| 59,586 | ||
| 843 59,720 |
||
| 60,563 |
The notes form part of these financial statements
3
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
BALANCE SHEET AT 31 MARCH 2024
| 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 |
2024 Unrestricted funds £ 334 3,890 51,701 55,591 1,529 - 54,062 54,396 54,396 54,396 54,396 |
2023 Unrestricted funds £ 677 5,780 55,061 |
|---|---|---|
| 60,841 955 - |
||
| 59,886 | ||
| 60,563 | ||
| 60,563 | ||
| 60,563 | ||
| 60,563 |
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 2024
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 charitable 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 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 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 11 December 2024 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 2024
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.
Fixtures and Fittings - Straight line over 3 years
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 |
2024 £ 119 2024 £ 333 |
2023 £ 32 |
|---|---|---|
| 2023 £ 333 |
4 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.
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Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
5 STAFF COSTS
| STAFF COSTS Wages and salaries TANGIBLE FIXED ASSETS COST At 1 April 2023 Additions DEPRECIATION At 1 April 2023 Charge for Year NET BOOK VALUE At 31 March 2024 At 31 March 2023 DEBTORS,AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors MOVEMENT IN FUNDS Unrestricted funds General Fund TOTAL FUNDS |
2024 £ 20,015 Improvements Fixtures to Property and Fittings £ £ 17,183 26,199 - - |
2023 £ 9,437 |
|---|---|---|
| Total £ 43,382 - |
||
| 17,183 26,199 |
43,382 | |
| 17,183 25,532 - 333 |
42,715 333 |
|
| 17,183 25,865 |
43,048 | |
| - 334 |
334 | |
| - 667 |
667 | |
| 2024 2023 £ £ 3,890 5,780 3,890 5,780 2024 2023 £ £ 1,529 955 1,529 955 At 01/04/2023 Net movement At 31/03/2024 in funds £ £ £ 60,563 -6,167 54,396 |
2023 £ 5,780 |
|
| 5,780 | ||
| 2023 £ 955 |
||
| 955 | ||
| 60,563 -6,167 54,396 |
6 TANGIBLE FIXED ASSETS
7 DEBTORS,AMOUNTS FALLING DUE WITHIN ONE YEAR
8 CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
9 MOVEMENT IN FUNDS
7
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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 £ £ £ 61,041 67,208 -6,167 |
|---|---|
| 61,041 67,208 -6,167 |
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
| GRANT INCOME The following grants have been received in this year Neighbourly The McCarthy Stone Foundation - Together at Christmas MK Community Foundation The Neighbourly FO Sainsbury's Grant Wolverton & Greenleys Town Council |
2024 £ 500 800 9,745 500 1,357 |
|---|---|
| 12,902 |
8
Company Number : 02819720
OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Community Centre Revenue Community Centre MK Community Fridge Fundraising 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 Direct expenses Warmer Wolverton Project Project Leader & Support Cleaning Gross Wages Project - Rent Costs Rates and Water Insurance Light and Heat Postage and Stationery Telephone Sundries Professional & Consultancy Fees Subscriptions General Expenses Maintenance Grant funded Maintenance Advertising & Re-branding Costs Depreciation Governance Costs Accountancy (Deficit) /Surplus for the Year |
£ £ £ £ 39,645 35,327 4,400 6,000 3,125 - 12,902 18,080 850 990 119 32 61,041 60,429 - 4,547 1,563 833 - 1,844 - 500 520 1,434 - 759 1,618 - - 1,023 11,702 - 8,011 18,748 20,015 9,437 3,545 - 774 - 992 927 10,812 8,588 21 269 1,567 1,441 91 570 659 - 1,094 1,919 1,468 - 1,241 5,879 - - 72 - 333 333 1,110 535 67,208 59,586 6,167 - 843 2024 2023 |
£ £ £ £ 39,645 35,327 4,400 6,000 3,125 - 12,902 18,080 850 990 119 32 61,041 60,429 - 4,547 1,563 833 - 1,844 - 500 520 1,434 - 759 1,618 - - 1,023 11,702 - 8,011 18,748 20,015 9,437 3,545 - 774 - 992 927 10,812 8,588 21 269 1,567 1,441 91 570 659 - 1,094 1,919 1,468 - 1,241 5,879 - - 72 - 333 333 1,110 535 67,208 59,586 6,167 - 843 2024 2023 |
|---|---|---|
| 60,429 59,586 |
||
| 843 |
9