I¥S9&_2 REGISTERED COMPANY NUMBER: 2919896 (EnglAnd and REGISTERED CHARITY l*UIMBER'. 1037403 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEVIENTS FOR THE YEAR ENDED JIST AUGUST 2023 FOR THORLEY COMMUNITY CEhTRE LIMITED Cook and Partners Limited Chartered Accountanis J2 Rye Street Bishop's Stortftsrd Hcrtfordshir¢ CM2.12HG
THORLEY COMMUIIITY CEliTRE LIhl TED COliTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023 Page Report of the Trustees Indepcndent ExAmlner's Report Statement of Flnanelal Activities Balance Sheet Notes to the FinAneial St*tement 6 to 10 Detslled StsteMet of Flnandal Activities
THORLEY COMMLNITY CENTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGLST 2023 The tn]st¢e5 ivho are also directors of the chariry for the pw)oses ofthe Curnpanies Act 2006, present their rcport Ihe fiiiancial s13tements ofthe charity for the year ended 31st ALigust 2023. Th¢ trustees have adopted the provi%ion8 of AcctsuiiLing and Reporttng by Chariti¢s: Statem¢nt of Recommended Prdctice applicablc to charities preparing their account5 in ac¢ordanc¢ witb the Financial Reporting Standard appli¢abl¢ in th¢ UK and Republic of Ireland {FRS 102) (effective l January 2019). OBJF.CTtVES AND ACTtvrrIES Objectives and Aill The piincipal activiiy of thc company is the pmvision and maintenance of a eommunity centre for the use of the inhabilanis of the areas around Thorley Park in Bishop'5 Stortford, Hertfordshire.The Director Trustees ¢ncoura8e use or the cenire for activities for young people and the ¢ld¢rly. SignTfie4nt i¢tivities The C¢ntTe is now ot the age where routine, but nre Major maintenancc may be expected, but we have b¢en fonaTe that notl)ing inajor has been required. ACHIEVEMENT ND PERFORMIINCE ChAritable aetlVLties The purpose of the tnt Iemains the provision and maitst¢n4n¢e of the Mmunity centre. The majority of uses during Ihe day have remained tswre or less as th¢y Were for last yedr, i.e, for young people, 1ticludg.Other and Toddler ¢18$5, Yosa and Pilat¢$ or for older people, such as Yoga and U3A fitness classes. In th¢ evenings, Ihe activities are more biased towards adutts and in¢lud¢ Dance and Keep Fit ela&8¢s ks 11 as Physio Pilales. BouD¢e and Kdrate. The w¢¢k¢nd uses remain the same too, particularly in the mornings, include Bounce, KarAt¢ elasses and ihe D&ncc School. Sanllday evenings and Sunday afternoons ale still generally resetved for ¢asual bookings by local p¢ople wishing to organise children's parties, quiz nights and informal tne£ting$. Periodically the cenire is used as tbe local Polling StAtion. STRLCTURE. GOVERNLNCE AND MAI¥AGEMENT Goyernlng document The charity is controllcd by its governing document, a deed of trnst, and constitutes a limited company, limited by guaTrnt¢¢, as defined by the Companies Act 2006. Recruitrnent and appointment of new trustees The Trllstee5 have generally been invited to become truslees because of the skills they have to oifer. Persons interest¢d are elected at the A]Jnual General Mccting. The Trustees have sougbt to involve users as truste¢s, but despite regular requests, no one from thc prcscni users currently wishes to bwoTn¢ a Trustee. Press Release$ se¢king people io bEcoTy I'rustccs havc bwn issued. The Tntee$ at¢ s¢¢king to establish a successful plan to ¢ncourage new Trustecs and ensure continuation of managenJent if any of the current Tru5t¢es DO loll8¢r wis11 to continue. OrganlsMtlon&l structure Board Meetillgs ar¢ held it appropriate times tbroug1ul th¢ year to s¢t policy ond make appropriate decisions on rinancial matters. Day to day decisions as lo the ]ll"rsn¥ of th¢ hall, ¢l¢anin& maintenanec, rcpairs etc are delegated to the Centr¢ Manag¢r, Mr J Bailey, who also acis as Treasurer. Induction and training of llew trustees As a small charity, with litile iurnover in trust¢¢s, there is no fornMI induction proccdure. The Chair, Michael Tall)ot. who was a Trusiee of a major national charity, inducis trustees oll an informal basis, and provides ¢opies of appropriate Charity Comrnission guidelines as to roles, dut1¢5 and responsibilities of trustees to n¢w trustees. REFERENCE AND ADMtNISTRATIVE DETAILS Reglstered Company number 2919896 (England and Wales) Registered ChArity number 1037403 Page I
THORLEY COMMUNITY CETr4TKE LIMITED REPORT OF THE TRUSTEES FOR THP. YF.AR ENDED 31ST A GUST 2023 Registered office 6 fvqarktt Square Bishops Stortford Hertfordshire CM23 3UZ Truste¢s M Talbot Director Trnstee N Barrett Director Trnstee C Hill Trustee Company S¢¢retary M Talbot Independent Fxamlner Cook & Patthers Limited Cook and Partners Limiied Chartered Accountants 32 Rye Stre¢t Bishop's Stortford Hertfordshire CM23 2HG Bankers Natiunal Westrnin$t¢r 7 North Stre¢t Bishops Stortford Hertford$lu"re CM23 2LD Solicitors Nockolds Solicitors Limited 6 Markct Square, Bishop's Stortford, Herts, CM23 3UZ IFtrkz ' order ofthe board of trustees 0111 24 and si8ned on its behalf by: M Talbot- Tru51ec Page 2
DEPENDEf+4T ELIMINER'S REPORT TO THE TRUSTEES OF THORLEY COMMUNITY CENTRE LIMITED Indepertd¢nt examin¢r'$ report to ¢he trustees ol Thorley Communlty Centre Llmited ('the Company,) I repoi't lo the charity trus'ie¢s on my examination ofthe accounts of the Comp2ny for the year cndcd 3 1st August 2023. Re$ponslbi]ities Alld basis ofreport As the cbarLty's Iruslees of the Conwany (and also its direciors for the pwpose$ of company lawl you are responsible for the prepuration of the accounts in accordance with th¢ requirements of the Companies Act 2006 ('the 2006 Act,). Having Siiusfied ]nys¢lf thal the acLoullts of the Compally at¢ not r¢quir¢d to be audited under Part 16 of the 2006 Aci and are eligible for independent exarninatio I report in respect of my examination of your charity's accollnts as ¢arried oui under Section 14S of the Charities Act 2011 ('the 2011 Act,). In carying out my examination I havc followed the Directions given by the Charity Comrnission under Section 145(51 (b) of the 2011 Act. Independent ex4miner's statement I have complcicd my cxamination. I confjrn) that no matters have ¢ome to my attention in connection with Ibe examination giving me Ca$e to believe.. L¢¢ounting records were not kept in respect of thc Company a5 required by s1[0 386 of the 2006 Act. or the acco]]nts do not accord those records., or the accounts do not Comply with thc accounting requir¢m¢nts of Section 396 of the 2006 Act other than an!. requirement that the accounts giv¢ & tru¢ and fair view which is not a matter eonsidcrcd as part of an indepe1ent examination.. Or the accounts have nor been prepared in aeeordart¢¢ with th¢ m¢thods and principles o( the Stalement of Recommended Practie¢ for accounting and reporting by chariti¢s (applicable to ¢harities prep(trinbT their accounts in accordance with thc Trinancial Reporting Standard applicable irt the UK Olld Republie of Ireland ffRS 102)). I have no conecrns and have come across no other matters irl cormection the examination to wh]"ch attention should be drawi in this report in order to enable a proper understanding of the ac¢ounts to be reached. Cook & Partners Limited Cook and Partners Limited Chartered AClltants 32 Rye Street Bishop's Stortford Hertfordshire CM23 2HG Page 3
THORLEY COMMLNITY CENTRE LIMITED STATEMENT OF FD4ANCtAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023 2023 Total fund5 2022 Total fuuds Unrestricted Restricted fimd Note5 tNCOME APID ENDOWMENTS FROM Other trading activities Investment income 42,288 1,121 42,288 1.121 35,875 235 Total 43,409 43,409 36,110 EXPFNDJTURE ON Raising funds 34.954 5,725 40,679 40,209 NET IDICOMEIIEXPENDITURE) 8,455 (5,7251 2,730 (4,0991 RECONCILIATION OF FUNDS Total funds brought forward 143,993 218.902 362.895 366,994 TOTAL FUM)S CARIUED FORWARD 152,448 213,177 365,625 362,895 The notes forni part of these flnancial stat¢m¢nts Pa8e 4
THORLEY COMMUNITY CENTRE LIMITED BALANCE SHEET 31ST AUGUST 202J 2023 Total funds 2022 Total funds Unrestricted fund Restricted fi]nd Notes FIXED ASSETS Tangible a55et5 213,177 213,177 218,902 CiIRRENT ASSETS D¢btors Cash at batjk 2,729 150,799 2.729 150.799 144,738 153,528 153,528 144,738 CREDrroRS AllM)unts falling due within one yedr (1,0801 11.0801 1745} NET CURRENT ASSETS 152,448 152,448 143,993 TOTAL ASSETS LESS CURRETrrr LIABILITIES 152,448 213.177 365.625 362,895 NET ASSETS 152,448 213,177 365,625 362,895 10 Unrestricted fidS Resfricted ndS 152,448 213,177 143,993 218,902 TOTAL FUNDS 36S,625 362,895 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the ye8J t1c 31st AubQlSt 2023. The members have not required the company to obtain an audit of its fmdncial ststements foi thc year ended 3 1st August 2023 in accordanc¢ with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibiliti¢s for {a) tnsuring that the charitable company kccps accounring record8 ihat comply with Sections 386 and 387 of th¢ Con]Pallies Act 2006 and preparing financial statcmcnis which give a ttue and fait view of the state of affairs of the charitable ¢ompany as at the end of each financial Ye and of its surplus or deficit for ¢a¢h fman¢ial year in accordan¢e with the requirements of Sections 394 and 395 &t)d which othenvise eomply with th¢ requirement5 of the Cojnpanies Act 2006 relating to fiNancial statcments, so far as appli¢abl¢ to the charitable company. These fittan¢ial statements have been prepared in Accordance with thE provisions applicable to charitable ¢ompanies subjeci to the small companies rcgimc. The financial statements were approved by the Board of Trust¢¢s and authorised for issu¢ on45tWYil 2024 and wer¢ Si8ned behalf by.. M Talbot- TnL%tce Th¢ not¢s forn) part of these financial statements Pag¢ S
THORLEY COMMUNITY CEf4TRE LIMITED NOTES TO THE FIFIANCIAL STATEMENTS FOR THE YEAR Ef4DED 31ST AUGUST 2023 ACC0llhYG POLICIES B&#is of prepar5ng the financial $t4t¢m¢nts The financial statements of thc charitable ¢ornpany> which is a public benefit entity under FRS 102, have been prcpared in 8ccordan¢e with die Charitics SORP (FRS 102) 'Aecouniing and Reporting by Charities.. Ststement of Rccommended Practi¢¢ applicable to charities preparing th¢ir accounts in accordance with the Fu)ancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Janiiary 2019),, Financial Rcporting Standard 102 The Firtaneial Reporting Standard applicable it) the UK and Republic of Ireland, and thc Companies Acr 2006. Th¢ finan¢ial statemet)ts havc becn prq)ared undcr the historical Cost ¢onv¢ntiorn In¢ome All income is r¢¢ogniscd in the Statement of Financial Activities onc¢ thc charity has entitlmi¢nt to th¢ fvnds, it is probable that th¢ itico]ne will be received and thc amowit ean be measured reliably. Expenditure Liabiliti¢s ate re¢ognised as expenditure as soon as there is a legal or constructive obligation comtnitting the chariry io that ¢xp¢nditure, it is probable that a transfer of economic benefits will be required in seiilemeni at the amount of the obligation be measured reliably. Expenditure is accounted for on an accruals ba$is and has been classifi¢d under headings that 8WE8lltt all cost relaled to the Category. Where costs cannot be direLIIy atiributed to parti¢u]ar headings they have been allocY4ted to activities on a basis consistent with the usr of resources. TAngible fixed assets D¢prcciation is provided at the following allt1 rate5 in order to WTit¢ off each asset oyer Its estimated usefijl life. Short leasehold Fixtures and fittings iti accordance with the property 250/0 Oti cost Taxatlon The charity is exen]pt from cooIatiOn tax its oharitabl¢ a¢tiiitieg. Futtd #eeollntlttg LTnrestsi¢ted funds can be used in i¢¢ordance with the thItAble objectives ai the discretion of the tswstees. Restricted funds can only b¢ w¢d for particular restricted purposes within the objects of the charity. Rc%triction5 rise when specified by the donor or when funds aTe raised for particular r¢stTiCt¢d purposes. Furth¢r cxplanation of th¢ nJtur¢ ond purpos¢ of each fiwd 1$ included in the llot¢s to th¢ fiuan¢ial 5tat¢m¢nts. OTHER TRADING ACTIvrriES 2023 2022 Regular Bookmgs O¢¢asioNII Bookitsgs Council Tax Grant 38,683 3,605 29,952 2,180 3.743 42.288 15,875 Page 6 colltinued...
THORLEY CoMMLNy CEYTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS_ continued FOR THE YEAR EIYDED 31ST AUGLTST 2023 INVESTMENT INCOME 2023 2022 Deposit a¢count int¢r¢5t 1,121 235 NET INCOMEI(EXPEf+TrlTURE) Net ID¢omel(expenditur¢} is stat1 after Chargin(credItingl.' 2023 2022 Depreciation- owned assets 5,725 5,725 TRUSTEES, REMUNERATION AND BENEFITS There were llo trnstees, remuneration or other benefits fw th¢ y¢ar ended 31st August 2023 nor for lh¢ year ended 315t August 2022. Trustees, expenses There were no tnL%tecs' expcnscs paid for th¢ y¢ar ¢nded 31st August 2023 nor for the year ended 3 1st August 2022. COMPARATIVKS FOR THE STATEMEf4T OF FINANCIAL ACTIVITIES Unrcstricted fimd Restricted fund Total fiS INCOME AND ENDOWMENTS FROM Othcr trading activitics Investrn¢ni income 35,875 235 235 TotAI 36,110 36,110 EXPENDITURE ON Raising funds 34,484 5.725 40,209 NET INCOMEI(EXPENDrruRE) 1,626 (5.725) (4,099) RECONCILIAT10Tr4 OF FUNDS Total funds brought forward 142,367 224,627 366,994 TOTAL FUYDS CARRIED FORWARD 143,993 218,902 362.895 Page 7 continued...
THORLEY COMMLNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMEI¥TS - continued FOR THE YFAR ENDED 31ST AUGUST 2023 TAf4GIBLE FIXED ASSETS Fixtur¢5 and rlttings Short leasehold Totals COST At 1st September 2022 and 3 1st August 2023 343,474 5,403 348,877 DEPRECIATION Ai I st September 2022 Charge for year 124,572 5,725 5,403 129,975 5,725 At 3 1st August 2023 130,297 5.403 135,700 NET BOOK VALUE At 31st Au¥ust 2023 213,177 213,177 At 31st August 2022 218.902 218,902 DEBTORS: AMOUNTS FALLING DUE WITHLY ONE YEAR 2023 2022 Trade debto 2,729 CREDITORS: AMOUNTS FALLING DUE WITHIIY ONE YEAR 2023 2022 Accrued expenses 1,080 745 MOVEMEIYT IN FUNDS Net )vement in ndS At 31.8.23 At 1.9.22 Unrestricted funds General fid 143,993 8,455 152,448 Restricted funds Ncw Con)murrity C¢ntrc Building FuDd 218,902 (5,725) 2l3,177 TOTAL Fuf4DS 362,895 2,730 365,625 Page 8 Continued...
THORLEY COMIMUNITY CENTRE LIMITED IYOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THF. YEAR ENDED 31ST AUC.UST 2023 io. MOVEMENT IN FUNDS - continued Net movement in funds. included in the above are as follows.. Incoming re50urLrs Resources expcnded Movement ID fvnds LTnrestrieted funds General 43,409 (34,954} 8,455 Restricted funds New Community Centre Buildin8 Fund (5,725) (5,725) TOTAL FUNDS 43,409 (40.679) 2,730 Comparative5 for movement in fuDds N¢t movement in fijnds At 31.8.22 At 1.9.21 UDre$tri¢t¢d funds General fund 142,367 1,626 143.993 Restricted funds New Community Centre Building Fund 224,627 15,725) 218,902 TOTAL FUNDS 366,994 14,099) 362,895 Cornparative net movement in fimd5, included in the above are as fol]ows'. Incoming resources Rcsources exp¢nd¢d Movem¢llt in futtds Unre5tri¢ted funds General fund 36,110 (34,484) 1,626 Restrlcted funds New Communtty C¢ntr¢ i4uildig Fund 15,725) 15,725) TOTAL FU]YDS 36,110 (40,209) (4,099) Page 9 continued...
THORLEY COMMUNITY CEliTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS- contittued FOR THE YEAR ETr4DED 31ST AUGUST 2023 io. MOVEMEliT IN Fuf+lDS- continued A eurr¢nt year 12 month$ and prior y¢Ar 12 months ¢ornbined position is as follows: Nct movemeni in funds At 31.8.23 At 1.9.21 Unrestricted funds General thnd 142,367 10,081 152,448 liestricted funds New Con)munity Centre Building Fund 224.627 (11,450) 213,177 TOTAI, FUNDS 366,994 (1,369) 365,625 A ¢urr¢nt year 12 months and prior year 12 months combined net m0Vennt ill fill$, included in the above are a$ follows.. Itt¢omin8 resourc¢5 Resources expended Movement in ndS Unrestricted funds General fund 79,519 (69,438) 10,081 Restritted funds Ncw Ci)mmunity Centre Building Fund (11,450) {11,4501 TOTAL FUNDS 79,519 (80,888} {1,3691 RELATED PARTY DISCLOSURFS There were no related pary transactions for the year ended 315t August 2023. Page 10
THORLEY COMMUNITY CENTRE LIMITED DETAJLED STATEMEf4T OF FINANL CIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023 2023 2022 INCOME AND ENDOWMENTS Otber trading activitie¥ Regular Booktngs Oec<isIunal Bookings Couneil Tax Grant 38,683 3,605 29.952 2,180 3,743 42,288 35,875 Investment in¢ome Dep05lt aoUnt inlere5t 1,121 235 Tot41 incoming resourees 43,409 36,110 EXPEfiDITURE Otber tr*diDg Aetivities 9,700 869 1,208 4,096 1,098 872 1,162 9,700 462 1,133 3,549 421 743 475 244 2,731 13,823 84 1,080 39 5,725 Water Rates In%urance Light and Heat Alartn System T¢l¢phone Lic¢nccs Administration Expenses Repairs and mainteriCe Cleaning Suiidry F.xpense8 Auditors, Remuneration Equipment Short lea$¢hold 937 13,360 237 1,415 5,725 40,679 40,21)9 Total rcsources cxpended 40,679 40,209 Net IJ¢ome/(expenditurel 2,730 {4.099} Thi5 page doE& not forni part of the 5tattitory fillanclal ststem¢nts Pa8ell