REGISTERED COMPANY NUMBER: 030271)92 (England and Wales) REGISTERED CHARITY NUMBER: II)45514 Trustees, Report and Unaudited Financial Statements for the Year Ended 31 March 2024 for Centre 81 Limited Stephenson Smart (East Anglial Limited East Coast House Galahad Road Gorleston Great Yarmouth Norfolk NR317RU
Centre 81 Limited Contents of the Financial Statements for the Year Ended 31 March 2024 Page Trustees, Report I to 12 Independent Examiner's Report 13 to 14 Statement of Financial Artivitie5 15 Balance Sheet 16 Cash Flow Statement 17 Notes to the Cash Flow Statement 18 Notes to the Flnancial Statements 19 to 29 Detailed Statement of Financial Activities 30 to 31
Centre 81 Limited Trustees, Report 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: Statemenr of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Objectives and activities Objectives and aims The object of the charity is to promote the welfare of individuals with physical, sensory or other disabilities in any manner which is or hereafter may be deemed by law to be charitable and, in particular. to provide and maintain a centre for the purposes of recreation and other leisure time occupation in the interests of social welfare and with the objett of improving their quality of life. Public benefit The background of this report reflerts on the work undertaken to secure and convert the charities new home, the challenges we faced and still face and the services we offer. In June 2021 Centre 81 was able to purchase new premises based on the Gapton Industrial Estate set In 1.2 acres. The building consisted of a three-storey office block111,975 sqftl, a warehouse18,276 sqftl, workshop11,523 sqftl and ancillary areas13,871sqftl totalling 25,645 sqft. The work undertaken by Centre 81 to convert the ground floor has created 19,112.40 fully accessible accomrnodation. Those benefitting from our services are our members and others who benefit from the work we do via our Skills and Attivities Centre and/or our Community Transport Service. Centre 81 has provided services to adults with physical and other disabilities Since it opened in 1981, the International Year of Disabled People. In 2008, Centre 81 chan8ed its offer from traditional day care to more progressive outward facing day opportunities, supporting members to becorne more engaged in using wider community facilities as well as retaining the vital building-based Skills and Activities Centre. Diana Staines. chief executive, received an MBE for her pioneering work with disabled people in 2022. Centre 81 provides members with the opportunity to challen8e both themselves and widely-held perceptions about disabled people. Skills and Activities Centre members are involved in organising and participating in a wide range of activities both at the centre and in the wider community. Transport for many of our members is provided by our fleet of eight fully accessible minibuses, which also support traditional community transport activities, such as taking people shopping, to medical and other appointments. Our service also supports social and leisure opportunitles for our members and those who attend thirty different local clubs and organisations. Our two mobility cars have given us added capacity and flexibility. 2019 - 2021 We continued to seek the views and to disCUSS Wlth our stakeholder5. service delivery requirements and to ensure that the services we offer are fit tor purpose. Part of our task in looking forward is to look at preceding event5 to understand impact. what works, what needs tweaking and what needs to be changed. Part of our learning was that we needed to take the opportunity to ensure that the conversion of Yare House included creating activity areas that would be open for all to enjoy and crucially in the event of another outbreak of covid or another rampant infectious virus that we could 'lockdown' the areas immediately and with little disruption and cost to all involved with Centre 81. At Yare House members and staff used two smaller activity areas: games and dining areas, albeit with more space than available at Tar Works Road. This affetted our staff to mernber ratlos as we needed to staff the two separate activity areas and the personal pampering Icarel suite of facilities. Redevelopment of the larger central activities area was put on hold at the end ot July 2022 as the conversion costs outstripped the available funds. We were able to use rhe hiatus to assist ski115 and activities members and staff to adjust to their new home. It is this central area that requires capital investment to complete the conversion and create this essential central activity area.
Centre 81 Limited Trustees, Report for the Year Ended 31 March 2024 Centre 81 has been operating in excess of 43 years and our success stems from our ability to support individual members on a one-to-one or group basis in the wider community and at our Yare House site. Key to this success is being able to create a family atmosphere that members, volunfeers and staff value, while ensuring that Centre 81 maintains its duty of care. Central to this is the support members receive from their peers. This helps those attending Centre 81 to put their disability into context while learning different ways to manage their disability and their lives. Having access to our own Community Transport Service enable5 US to create opportunities in the wider community, such as sailing, swimming, shopping, theatre and cinema trips, craft markets and garden centres, and our popular party events throughout the year. These are services that our members. carers and commissioners truly value. Our aim5 Create a state-of-the-art facility for our members and for the local community to enjoy and benefit from. Ensure that Yare House is fully accessible. Increase membership of skills and activities members. Develop Centre 81's Community Transport SeNice so that it becomes an essential part of the Great Yarmouth transport infrastructure sUPPOrting individuals and groups alike. Create a career pathway for staff. Continue to support student professional placements and apprenticeships. Support. members, staff and volunteers to access the wide range of opportunities that are available in the wider community. Once again enjoy being part of the diverse and spontaneous family that is Centre 81. Members, Involvement Centre 81 members are full partners in service design and delivery. Individual achievement and aspirational plans are co-designed with each member and where appropriate with their carers and family members. This principle of individual, bespoke and co-designed pathways reflects the diversity of background and experience of participants. Our provision reaches some of the most marginalised people in our community, locates their development in a prartical, working environment and brings substantial benefits to individuals, their communities and the regional economy. Our facilttles In June 2021 we purchased Yare House. Our planning approval enables us to have extended opening hours and to operate weekends and evenings. Our object is to future proof service delivery. 50% of our members are wheelchair dependent. Conversion of Yare House has been designed to offer specialist facilities to promote independence and inclusion, and to SUPPOrt a wide range of groups, including local clubs and or8anisations. The office block provides us with up to 372 sqm of good quality office accommodation. The conversion is a three-phase plan. Phase I Conversion of the outer 'U' shape wrap around area providing us with key facilities that our members and staff require, including main kitchen, members, kitchens, toilets, quiet room, pampering areas, including two wet rooms, bathroom and laundry. Plus three activity areas, two offices and a reception. Phase 2 The central activity area which will become the main hub of the Skills and Activities Centre, providing members with four activity areas. four fully accessible toilets and a central attrium. Phase 3 The external site will provide seating, a BBQ area with raised beds and marked car and bus parking spaces. Perimeter hedging will be extended to reduce road noise, increase privacy for our members and create a green oasis in an industrial estate.
Centre 81 Limited Trustees. Report for the Year Ended 31 March 2024 service expansion and diversification Our key plans include.. Increasing the number of skills & activities members we support. Extend the reach of our Cornmunity Transport Service by upgrading and adding to our fleet of fully accessible vehicles, availability regarding hours and the area we serve, and supporting more groups with their transport needs. Develop a 'Coffee Stop, for our community transport and general public use. Make available office accommodation for charitable and not-for-profit organisations to rent. Achievement and performance Skills and Artivities Centre Since July 2022 when Skills and Activities Centre member5 and staff relocated from Tar Works Road to Yare House, we have continued to support similar number of meTnbers, however, there has been a noticeable change in our clientele. The number of individuals who are referred to Centre 81 with lifelong diagnosis such as Cerebral Palsy, Hydrocephalus. MND or Spina Bifida supported 81 have decreased due to advances in medical prevention and care. We continue to receive referrals from adults who have suffered medical andlor accident trauma. The most common being those who are adjusting their lives post stroke. In contrast we are receiving a higher number of referrals for adults with Learning Disabilities/Difficulties, and for early onset of dementia. Some of our newest members brin8 Wlth them a support member of staff that is attached to their supportive accomrnodation. Our members are assessed by commissioners andlor by Centre 81's skills and activities manager in relation to the level of support they need. Level l is for the more independent rising to level 5 for those who need the most support. In total we have supported a similar number of members as last year. Level I 24 Level 2 28 Level 3 19 Level 4 Level 5 Unfortunately, due to deterioration in their health and the demands of their disability on others including family and a8ency support, sorne have moved into residential care and others have passed away. Those who passed away continued with Centre 81's support and their supportive domiciliary care package were able to continue to live in their home prior to their death. Technological advance5 have made a significant difference to wheelchair users, experience a5 many of the wheelchairs are customised to people's needs. This has led to wheelchairs increasing in size, length, width and height to accomrnodate a range of adaptions designed to make life more comfortable for those sitting in their chairs for eight hours or more. The space needed to accomrnodate these bespoke chair5 and their greater turnin8 circles has increased considerably. 16% of our members need the support and expertise of two facilitation staff and a hoist to move from one seat to another or to access the toilet or the bath. Demand has grown for our 'personal pampering, service, which enables members to access support ranging from bathing to having their nails manicured in an atmosphere that tells them 'this is your ring fenced time.
Centre 81 Limited Trustees, Report for the Year Ended 31 March 2024 Our bathroom/pampering facilities are also available for public use before 10.00. midday and after 16..00. This facility is particularly of interest to individuals in the community who are waitin8 for Disabled Facilities Grant IDFGI and the accompanying planning permission to convert their home bathroom, so it is accessible. A different 16% of our members require assistance with their meals, such as making sure their meal is cut up to bite size or smaller pieces and maximise their independence. Some need their meal, drinks and snacks fed to them as their disability precludes them from eating and drinking independently. Centre 81 must adhere to Speech and Language Therapist ISALTI plans which are devised based on their swallow reflex and must be prepared in accordance with the prescribed consistency and fed to our members accordingly. Failure to do so can be fatal. as in a case currently being tested in the High Court. Six of our members, a maximum of four a day. require one-to-one assistance to eat their meals. The dual emphasis is on making their mealtimes a safe and enjoyable experience for them. Our service supports unpaid family carers in the followin8 ways- Respite from their caring role. Opportunity to retain or return to paid employment. Advocacy in dealing with statutory agencies, in particular Department for Work and Pensions IDWP) regarding Personal Independence Payments IPIPI. Housing issues, including improvements and rehousing. Safeguardin8 issues, including financial concerns Advice and demonstrations of specialist equipment. Wheelchair clinic referrals re8arding repairs and/or new wheelchairs. Our members are once again feeling confident to actively participate in wider community activities such as swimming. sailing. theatre visits, bowling. enjoying Norfolk and Suffolk tourist attractions and river trip5 on the Norfolk Broads. For each activity the following risk assessments are completed: Venue review, including obtaining a copy of the public liability insurance. Needs of members and their required level of support. Staffing levels and their individual and collective skills. The dynamics of the 8roup focusing on members. volunteers and staff. Tran5POrt arrangements. ACHIEVEMENT AND PERFORMANCE Community Transport Service Centre 81 has its owrb Community Transport Service ICTSI with a fleet of eight buses and rwo Motability cars. The last year has been a very trying and dernanding year as the service has had to manage a much higher demand for the service with a range of buses which range in age from 5 years to 21 years. For ease they have been given a RAG rating. The oldest RED 03. 54, 59 £0.40 plus per mile running costs. Amber - O buses. Green - 63, 66, 18 and 19 with a running cost of £0.20 a mile. What must not be ignored is the hidden cost of having to rearrange driving Schedules. For ordinary passenger transport this would be a fairly straightforward management task, however, for Centre 81 this is complicated by the mixture of factors that need to be taken into consideration such as Wheelchairs, other mobility aids, accessing the bus by tail lift vs. side steps, the layout of the seating plan for each bus and S&A members who need an escort (passenger 55iStantl.
Centre 81 Limited Trustees, Report for the Year Ended 31 March 2024 The priority in relation to crs is to secure funding to purchase four replacement vehicles and a further two additional vehicles. In an ideal world. it would be good to secure funding to buy vehicles that are approximately three to four years of age with low mileage. This ensures that teething problems have been resolved. the buses/Motability cars do not lose value as soon as they leave the dealers forecourt, and we can purchase two vehicles for the same cost as a brand-new vehicle. Desplte all the challenges the vehicles have given us, we continue to achieve an increase of over new members e.g. 100 since January 2024, undertaken rnore journeys and supported a greater number of local journeys for clubs and societies. Centre 81's CTS supports.. Skills and Activities Centre members. Without access to our 'syrnbiotic' fully accessible Community Transport Service they would not be able to enjoy such a wide range of attivities across the borough and beyond. Our Community Transport Service members who use our buses for a wide range of reasons. including gettin8 to medical appointments, supermarkets or local shops, hairdressers and Norfolk and Suffolk tourist attractions. One of the most successful rips is an outing on the Waveney Stardust Broads cruiser with a picnic or pub lunch. Great Yarmouth residents who enjoy local clubs and societies. Our transport is key in helping members visit and stay in touch with family and friends, at home or in residential care. On a few occasions we provide transport for family mernbers to attend the funeral of their loved one. Prior to the Covid pandernic, our 'meals on wheels in reverse, became increasingly popular. Our drivers pick up rnembers and take them to the restaurant of their choice, which we have booked for them. Instead of sitting at home and eating in isolation they can enjoy a meal in the company of others. The demand for this service was such that we were in the midst of reorganising bus schedules to double up this service. As our CTS members are feeling more confident to get out and about and makin8 new friendships, they were hit with the 'Cost of Living, crisis, which restricted their disposable income. Residents in the borough consider our transport is a crucial service as many would feel isolated from their local community without it. Many regard it as their 'social club on wheels,. Each rninibus can accommodate up to 16 people. However, capacity is often reduced to 6 or less as a high percentage of passengers are wheelchair dependent or require bulky mobility aids, including folding manual wheelchairs, rollators and service dogs. Where we could accommodate a physical increase in the number of passengers who travel in their customised wheelchair, our H&S guidance and policy dictates that there should only be two wheelchair spaces per vehicle. Personnel, volunteer and local support The Board of Trustees wishes to record its thanks and appreciation to Centre 81's staff, volunteers and member5, and they are grateful tOD for the high level of support the charity receives from other individuals, businesses and or8anisation5 throughout the year. Centre 81's staffing structure since the charity started in 1981 has run with a flat staffing strutture, minimal support and management staff. Our priority is to ensure that staff resources are deployed to support our members in Skills and Activities and Community Transport. Since 2022 we have started to create a career progression within the skills & activities and Support functions. Staff by department include Executive, Facilitation. Transport. Catering and Support teams. We employ 54149 20231 staff across the charity which is equivalent to 32 full time equivalent staff with an annual salary of £698,531 1£621,2091.
Centre 81 Limited Trustees, Report for the Year Ended 31 March 2024 Further sUPPOrt is given to Centre 81 by 6 volunteer5 throughout the centre and 6 trustees and 2 trustee board advisors. Volunteers are involved in all aspects of seNice delivery. When they start they are encouraged to think about what they would like to achieve at Centre 81 and what they can offer. Some come with clear ideas, others like to try out different aspects. All volunteers are linked to a mentor. They are given training and supervision so they can properly 5UPPOrt staff in sUPPOrtinB our members, and volunteers achieve their aspirations and effectively demonstrate that it is "Ability not Disability" that Is at the forefront of Centre 81's service delivery. Volunteers are encouraged to gain agreed qualifications in line with their Individual Achievement and Volunteering plan. Agreed training is funded by Centre 81. As our volunteers, confidence and abilities develop. they are encouraged to try out different roles and gain wider experience. The success of this approach is proven as in the past a number of volunteers have secured paid employment within Centre 81, other organisations or have secured other external volunteering opportunities. ACHIEVEMENT AND PERFORMANCE Fixed assets Our fixed assets at the end of March 2024 are: Yare House, freehold purchased outright and all fixtures and fittings. Converted shippin£ container for office and/or storage. 9 fully accessible minibuses and their allocation of safety equipment. 2 motability cars. Financial review Financial position The results of Centre 81 activities over the year are set out in detail on the following pages and show a deficit of 1£32,850112023 surplus £105,630) Centre 81 opened as a day centre to provide social and leisure pursuits for its members. Its income was generated mainly from a Service Level Agreement ISLA} with NCC Adult Social Care. In 2009 this changed to spot contracts. Throughout its 40-plus years of providing services to some of rhe most disadvantaged people in the Great Yarmouth Borough and surrounding area it has operated on a severe financial ti8htrope. Factors influencing our running costs include: Staffing requirements to meet agreed ratios. Increased reterrals of members with high physical and emotional care needs. No control over direct Costs such as National Livin8 Wage and pension auto enrolment. No year-on-year fee increase to meet increased costs.
Centre 81 Limited Trustees. Report for the Year Ended 31 March 2024 National Living Wage and Pension/Auto Pension Enrolment: The increase in the National living Wage to £11.44 per hour was 9.8%. The uplift from NCC was 5.750A. The cumulative impact of the additional National LivinE Wage and pension auto enrolment for the 202312024 financial year is £77,322. In the face of fierce financial demands, we have continued to absorb the additional costs attribute to National Living Wa8e and Cost of Living crisis. Thanks to Mr T Belemore-smith, advisor to the trustee board we were able to purchase an additional bu5 for the fleet £1,707.55. Whilst it has a 56 plate its mileage was 18,CK)O I The disparity between the conversion costs and funding received resulted in us having a deficit of £325,000 to pay contrartors for work undertaken up to the 31 July 2022. Norfolk County Council offered us a loan to cover this, which we accepted. The team at NCC worked swiftly to ensure that we had these fund5 in a timely manner. The terms of the commercial loan over a fifteen-year period with interest charged at 7% works out at a total repayment to NCC of £507,000. FINANCIAL REVIEW Work undertaken on understanding our full-cost recovery position has produced 3 clear pitture of income and expenditure. The trustees recognise the importance of maintaining careful management of our finances and that thev must deliver recurring and increased surpluses to boost the charity's reserves. Throughout its 43 years. Centre 81 has exlsted on a financial knife-edge. Constantly rising staff, ener8y and maintenance costs and cramped, dilapidated buildin8s at Tar Works Road hampered the charity'5 ability to update facilities to better seNe its members. Without space to increase our membership, and therefore our revenue, Centre 81's future looked bleak. and a move to rnore spacious premises that could be adapted to suit our needs became essential. Yare House, on the market for £975k and purchased by Centre 81 for £425k, was ideal, but it needed a great deal of work. Phase One is alrnost finished, but in order to make the most of the enormous amount of space we have available and the huge potential of Centre 81 we must complete Phase Two. Fundin8 applications have been submitted to: Geoffrey Watling Charity - £25k. Agreed as part of the total funding required. National Lottery Reaching communities - £IOOk. Agree, to be match funded. Community Ownership Fund - £300k- Awaiting decision. We continue to search for other sources of funding We have also secured a further £50k towards the cost of recruiting and training staff so they are ready for our expansion of the Skills and Attivities Centre. This has been agreed. A f urther revenue grant of £50k is part of our Community Ownership Fund and again this is a contribution towards the cost of a project manager and additional staff costs incurred during the completion of the conversion projert. We are waiting for a decision.
Centre 81 Limited Trustees, Report for the Year Ended 31 March 2024 FUTURE FINANCIAL PLANNING Our ambition is to improve the charity's resilience by achieving year-end posltive figures and three months reserves by: Raising funds to carry out Phase Two conversion work. Implementing our marketing strategy. Increasing membership and levels of income. Attracting individual and corporate sponsorship. Utilising office accommodation by renting this to charities and not for profit organisations. Developing three months reserves We know that we are only scratching the surface when it comes to reaching and supporting the number of disabled people and family carers in our community - 0.5%. The figures in the following forecasts demonstrate that with targeted marketing and regular open days to show off our class-leading facilities we will be able to significantly grow our Skills and Activities Centre membership, and with it our income. Alongside this. greater financial security will enable u5 to extend our Community Transport Service, gradually replacin8 our fleet with more economic vehicles and attracting cr and members of the local community to our existing and new service offer. We have four tenants and have received expressions of interest from a further three. Due to an ambiguity in the final decision planning permission we are seeking clarity and applying for the wording to be changed retrospertively. To meet its full potential in supporting the community, and in reaching a position of financial security, Centre 81 must complete the second phase of the redevelopment of Yare House. With the sUPPOrt of key funders. the executive and trustees are confident that the charity will continue to provide essential services for disabled people and their families well into the future. FINANCIAL REVIEW Reserves Total funds at 31st March 2024 were £1,492,04012023.. £1,524,890. Unrestricted funds at 31st March 2024 were £1481,35412023 £1,486.9541. Reserves policy The Charity Commission's CC19 8uidance states: 'There is no single level or even a range of reserves that is right for all charities. Any target set by trustees for the level of reserves to be held should ref lect the particular circumstances of the individual charity- To do this, trustees need to know why the charity should hold reserves and, having identified those needs. the trustees should consider how much should be held to meet them. This policy sets out our free reserves, which are defined as unrestricted funds excluding fixed assets. Our aim is to hold sufficient free reserves to ensure we can manage the financial impact of risk and to cover our day-to-day working apital. Centre 81 trustees and executive agreed it is imperative that we increase our level of free reserves but that the charity was caught in a catch 22 situation. To increase our reserves, we needed to increase the number of skills and activities members. To do this we required additional physical space as our Tar Work Road site was too cramped to accommodate any expansion.
Centre 81 Limited Trustees, Report for the Year Ended 31 Marth 2024 Our move to Yare House has given us room to accommodate a few more members but the number of rnernber5 required to make a difference in relation to our future financial sustainability is dependent on completing the conversion of the central activity area. The skills and activities seNices provided by Centre 81 are very staff intensive. We will see an increase in both income and expenditure. However. our analysis shows that the levels of prospective income will be higher than our forecast expenditure and will incrementally increase our financial day-to-day operational buffer and our reserves. Centre 81's expenditure for the 2023/2024 financial year was £935,140. This comprised of two separate expenditures. Delivery of Relevant Charitable Purposes services £930,950 Capital conversion costs £1,690 New vehicle cost £2,500 Yare House investment Purchased in June 2021 for £425,000, the trustees and executive have successfully applied for grants in the region of £805k to undertake the conversion. An independent valuation in May 2023 determined that Yare House is currently valued at £900,000. Once the work in converting the central area has been concluded the value for the building is anticipated to be £1.200,000. It should be noted that these valuations are for the building asset only and do not include fixtures and fittin8s such as fully fitted professional kitchen, ceiling hoists or the member's twin fitted kitchens. The trustees have examined the charity's requirements for reserves considering the main risks to the organisation. The reserves policy set by the trustees addresses the organisation's: Immediate needs of ongoing rnaintenance of £10,000 and working capital to cover a three-month period £212,176 Replacement minibuses x 2 preowned buses £50.000 Required free reserves £272,176 Current free reserves £nil Shortfall £272.176 Our annual accounts state that our fund balance is £1,492,0401£1,524,890. 2022 - 20231. This comprises our fixed assets (buildings, land, vehicles, and equiprnent) and current assets (debtors and bank accounts). Trustees and executive are deeply grateful to those who have awarded us significant 8rant5. Equally. we recogni5e those who have raised funds by organising events for us, responded to our appeals and made donations in memory of their loved ones. Going concern After making appropriate enquiries, the trustees have a reasonable expectation that Centre 81 has adequate resources to continue its operational existence for the foreseeable future. For this reason, we continue to adopt the going concern basis in preparing the financial statements.
Centre 81 Limited Trustees. Report for the Year Ended 31 March 2024 FUTURE PLANS- FINANCE We recognise the need to maintain a high level of financial scrutiny, to continue to improve our financial position and our level of free reserves. We will continue to seek to attract grants from charitable trusts and foundations for revenue leg funding staff post51 and capital expenditure. Future plans- operational Skills and Activities Centre Expanding our service offer and attracting more members to the Skills and Activities Centre. This would include private paying individuals and people commissioned by NCC Adult Social Care, NHS Continuing Health Care and Great Yarmouth and Waveney Clinical Commissioning Group. Discussions With cornmissioners are ongoing. CommunityTransport Service Continue to improve on efficiency levels regarding number of passengers per journey while maintaining our health and safety maximum level of two wheelchairs perjourney. Reach out to residents living in the Borou8h of Great Yarmouth who are lonely. isolated and do not feel part of their local community. Encourage greater use of our 'meals on wheels in reverse, service. Develop closer relationships with local club5 and societies, providing transport to their members and increasing the viability of their organisations. Promote our service to those who are denied volunteerin8 Opportunities due to lack of transport. Investigate how we can form close working relationships with JPUH discharge coordinators to facilitate more timely discharge5 and reduce waitin8 times for transport to get someone home after outpatient or inpatient treatment. Training Strengthening our training offer in conjunction with.. University of East Anslia, Faculty of Medicine and Health Sciences and School of Social Work. East Coast College. Health and Social Care and develop placements for N EET. Norfolk Constabulary student places. 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 8uarantee, as defined by the Companies Act 2006. The company registered with the Charity Commission 1045514 on the 01 April 1995 The company is registered as a company limited by guarantee (charity no 030270921 and was set up by Memorandum of Association on 28 February 1995. as amended 26 March 1997 and subsequently amended by special re501utionlsl dated 23 April 2014. 16 July 2014 and 9 December 2015. Recruitment and appointment of new trustees The Board of Trustees has absolute discretion to appoint and remove trustees but may delegate this or any of their powers to a committee consisting of one or more trustees and such other persons not being trustees co-opted onto Such a committee as the trustees think fit. The 8oard of Trustees when complete consists of at least nine and no more than fifteen persons, being individuals over the age of 18. all of whom must SUPPOrt the objects. The charity aims to have enough trustees with sufficient relevant expertise and knowledge to ensure the probiry. financial security and 5ucce55 appropriate to the aims of Centre 81 Limited. 10
Centre 81 Limited Trustees, Report for the Year Ended 31 March 2024 STRuURE, GOVERNANCE AND MANAGEMENT Organisational Structure The trustees are directors within the rneanin8 of the Cornpanies Act 2006. The trustees at the date of this report are listed in the 'Reference and Administrative Details, settion of thi5 document. The day-to-day running of Centre 81 has been delegated by the trustees to the chief executive. The trustees meet 12 times a year on the third Wednesday of each month. The charity has set up a project working group to oversee the conversion of our new premises and comprises three trustees and the chief executive. They call on the expertise of their building and construrtion advisor, quantity surveyor and our appointed architects. This group meets monthly and more frequently as the project demands. Organisational structure Centre 81 has a flat management structure which works well. It is recognised that the structure would need to be developed to cope with an increase in size, rnembership and service diversification including the continued effective support of staff and volunteer5. Induction and training of new trustees Potential trustees are invited to visit Centre 81, meet members and staff and discuss their potential role with the chief executive. They attend a trustees board meeting as an observer. If both Centre 81 and the potential trustees consider that they are a good fit, the next stage is to undertake variou5 checks to establish their fitness to act as a trustee. This includes DBS and Company House verif ication. Risk management The trustees acknowledge the Charity Commission's recommendation for them to undertake a review of the major risks to which the trust is exposed. This reBister is maintained by the chief executive and exceptions are reported to the trustees at their monthly board meetings. Centre 81 has the required employer and professional indernnity insurance in place to mitigate any risk to the organisation. It a150 has a specific policy to cover trustees and professional liability as well as a comprehensive vehicle motor policy for the Community Transport Service. Reference and administrative details Registered Company number 03027092 (England and Wales) Registered Charity number 1045514 Registered office Yare House Morton Peto Road Great Yarmouth Norfolk NR310LT 11
Centre 81 Limited Trustees. Report for the Year Ended 31 March 2024 Trustees Mr S C Scott Ichairl Mr K Rjermyn Mrj Burton Mrs L P Smith Iresigned 1416120231 MrJ Solomon Mr C Williams-Brunsdon (resigned 2315120231 MrJPWood Dr S D Peacock lappointed 1411112023} Company Secretary Ms D J Staines ICEOI Advisors to the board Mr T Belemore-smith Mrs J Jones Independent Examiner Henry Pettitt FCA CTA Stephenson Smart IEast Anglial Limited East Coast House Galahad Road Gorleston Great Yarmouth Norfolk NR317RU Trustees, report. incorporating a strategic report, approved by order of the board of trustees, as the company directors, on I Zy........-....... and signed on the board's behalf by: f¥c-* Mr S C Scott- Trustee 12
Independent Examiner's Report to the Trustees of Centre 81 Limited Independent Examiner's Report to the Trustees of Centre 81 Limited I report to the trustees (who are also Director5 for the purpose of company lawl on my examination of the financial statements of Centre 81 Limited I'the charitable company'l for the year ended 31 March 2023 which comprise the Statement of Financial Activities. the Financial Posltion, the Statement of Cash Flows and related notes. This report is made solely to the charity's trustees, as a body, in accordance with sertion 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. for my work. for this report, or for the opinions I have formed. Responsibilities and basis of report As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Att'l. Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company's financial statements carried out under section 145 of the Charities Act 20111'the 2011 Act'l and in carrying out my examination I have followed all the applicable Directions 8iven by the Charity Commission under sertion 1451Sllbl of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial Statements present a 'true and fair, view and my report is limited to those specific matters set out in the independent examiner's statement. Independent examiner's statement Since the charitable company's 8ro55 income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any rnaterial respect: l.accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act,. or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the accounting requirements of sertion 396 of the 2006 Act other than any requirement that the f inancial statement5 give a 'true and fair view which is not a matter considered as part of an independent examination,. or 4. the financial statements have not been prepared in accordance with the methods and principles of the Statement ot Recommended Practice for 3ccounting 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 IFRS 1021. I have no concerns and have come across no other rnatters in connection with the examination to which attenrion should be drawn in this report in order to enable a proper understanding of the financial Statements to be reached. Henry Pettitt FCA 13
Independent Examiner's Report to the Trustees of Centre 81 Limited The Institute of Chartered Accountants in England and Wales stephenson Smart IEa5t Anglial Limited East Coast House Galahad Road Gorleston Great Yarmouth Norfolk NR317RU Date.. ?s 14
Centre 81 Limited Statement of Financial Activities for the Year Ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted fvnds Restricted funds Notes Income and endowments from Donations and legacies 85.296 44,790 130,086 383,146 Charitable activities General charitable activities 753,113 753,113 597,299 Other trading activities Other incorne 5,698 1.122 14,901 14,901 Total 853,310 44.790 898,100 987,265 Expenditure on Raising funds 9,795 9.795 9,605 Charitable activities General charitable activities Skills and activities Catering Community transport Governance costs 127,6951 554,640 49,667 266,376 35.113 127,6951 559.723 49,667 304,347 35,113 5,083 485,360 56,024 308,818 21,828 37,971 Total 887,896 43,054 930.950 881,635 NEf INCOMEI{EXPENDITUREI Transfers between funds 134,5861 28,986 1,736 128,9861 132,8501 105,630 18 Net movement in funds 15,6001 127.2501 132,8501 105,630 Reconciliation of funds Total funds brought forward 1,486,954 37,936 1,524.890 1,419,260 Total fund5 carried fonvard 1,481,354 10,686 1.492,040 1,524,890 The notes form part of these financial statements 15
Centre 81 Limited Balance Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestrirted funds Restricted funds Notes Fixed assets Tangible assets 12 1,847.287 1,847,287 1,865,125 Current assets Debtors Cash at bank 13 90.409 2,936 1,025 9,661 91.434 12,597 72,238 26,304 93.345 10.686 104,031 98,542 Credltors Amounts fallin8 due within one year 14 1155.944} 1155,9441 1135,4431 Net current a55ets 162,5991 10.686 151,9131 136,9011 Total assets le55 current liabllltles 1.784,688 10,686 1,795,374 1,828,224 Creditors Amounts falling due after more than one year 15 1303.3341 1303.3341 1303,3341 ASSETS 1,481,354 10,686 1,492,040 1,524,890 Funds Unrestricted funds Restricted funds 18 1,481,354 10,686 1,486,954 37,936 Total funds 1.492,040 1,524,890 The charitable company is entitled to exemption from audit under Section 477 of the Companies Att 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 lal ensuring that the charitable company keeps accounting records that cornply with Sections 386 and 387 of the Companies Act 2006 and 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 requirernents of the Companies Act 2006 relating to financial statements. $0 far as applicable to the charitable company. (bl The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. MrSCScott-Tru tee The notes form part of these financial statements 16
Centre 81 Limited Cash Flow Statement for the Year Ended 31 March 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations 19,7971 22.239 Net cash (used inl/provided by operating activities 19.7971 22,239 Cash flows from investing activities Purchase of tangible fixed assets Sale of intangible fixed assets 14,190} 280 {963,1841 Net cash used in investing activities 13,9101 1963.1841 Cash flows from financing activities New loans in year 325,000 Net cash provided by financing activities 325,000 Change in cash and cash equivalents in the reporting period Cash and cash equNalents at the beginning of the reporting period 113,7071 1615,9451 26.304 642,249 Cash and cash equlvalents at the end of the reportin8 period 12,597 26,304 The notes form part of these financial statements 17
Centre 81 Limited Notes to the Cash Flow Statement for the Year Ended 31 March 2024 Reconciliation of net (expenditure)/income to net cash flow from operating activities 2024 2023 Net (expenditure)/income for the reporting period {as per the Statement of Financial Artivities) Adjustments for: Depreciation charges IProfitl/loss on disposal of fixed assets Increase in debtors Increase/ldecre3se} in creditors {32,8501 105,630 22,028 12801 119,1961 20.501 21,522 1,445 131,0881 175.2701 Net cash (used in)/provided by operations 19,7971 22,239 Analysis of changes in net debt At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank 26.304 113,7071 12.597 26,304 113,707} 12,597 Debt Debts falling due within l year Debts falling due after l year 121,6671 1303,3341 121,6671 {303,3341 1325,0011 1325,0011 Total 1298,6971 113,7071 1312,404} The notes form part of these financial statements 18
Centre 81 Limited Note5 to the Financial Statements for the Year Ended 31 March 2024 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 IFRS 1021 '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 IFRS 1021 (effective l January 20191,, 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. Income All income is included in the statement of financial activities when entitlement has pa55ed to the charity, it 15 probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:_ income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be rneasured reliably. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. income from catering is recognised once the charSty has entitlement to the income, it is probable that income will be received and the amount of income received can be measured reliably. income frorn skills and activities is recognised once the charity has entitlement to the income, it is probable that income will be received and the amount of income received can be measured reliablv. rental income is recognised upon invoice to the customer, it is probable that income will be received and the amount of income received can be measured relia Expenditure Liabilities are reco8nised 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 costs 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 Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of 3 revaluation, is recogni5ed in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the sarne asset previously recoBnised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accurnulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. 19
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2024 Accounting policies- continued Tangible fixed assets Depreciation is calculated so as to write off the cost or valuation of an asset, less Its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings Motor vehicles -3-15 years straight line 2-10 years Freehold property and land are not depreciated. Taxation The charity is exempt from corporation tax on its charitable activitie5. 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 restrirted purposes. Designated funds are unrestricted funds earmarked by the trustees for a particular future project or commitment. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contribution5 payable to the charitable company'5 pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Donations and legacies 2024 2023 Donations Grants | 19.164 110.922 17,061 366,085 Grants received, included in the above are as follows.. Donations and legacies 2024 2023 National lottery G Watling Other grants 262,500 50,000 110 919 110 919 688 572 20
Centre 81 Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2024 Other trading acttvities 2024 2023 Fundraising events 5,698 Income from charttable activities 2024 2023 Artivity General charitable activities General charitable activities General charitable activities General charitable activities Community transport Skills and activities income Catering Tea bar 145,156 577,808 21,459 8.690 95,004 479,529 14,955 7,811 753.113 597,299 Raising funds Raising donations and legacies 2024 2023 Fundraising expenditure 9.795 9,605 Charitable artivities costs Support costs {see note 71 Dtrect Costs Totals General charitable activities Skills and activities Caterin8 Community tran5POrt Governance costs 127,6951 559,723 49.667 304,347 24,583 127,6951 559,723 49.667 304,347 35.113 10,530 910,625 10,530 921.155 21
Centre 81 Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2024 Support costs Governance costs Governance costs 10,530 Net income/(expenditure) Net income/lexpendirurel is stated after chargingllcreditingl.. 2024 2023 Independent examination Depreciation owned assets Surplus/ldeficit} on disposal of fixed assets 7,355 22,028 12801 6,825 21,523 1,445 Trustee5' remuneratlon 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 Trustees received £nil12023.' £nill for expenses incurred during the year. Key Management Key management personnel during the year consisted of Chief Executive, Skills and Activities mana8er, Finance Officer and a Community manager establishin8 a balanced executive team. The total employment benefits (including employer pension contributions) for key management personal were £159,97412023 . £123,472). io. Staff costs 20Z4 2023 Wage5 and salaries Social security costs Other pension costs 652,607 30,358 15,566 582,377 24,542 14,290 698,531 621,209 The average monthly number of employees during the year was a5 follows: 2024 54 2023 49 Management and support No ernployees received emoluments in excess of £60.000. 22
Centre 81 Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2024 ii. Comparative5 for the statement of financial artivities Unrestricted funds Restricted funds Total funds Income and endowmentsfrom Donations and legacies 21,480 361,666 383.146 Charitable artivitles General charitable activities 597,299 597,299 Other trading activities Other income 5,698 1.122 5.698 1.122 Total 625.599 361,666 987,265 Expenditure on Raising funds 9,605 9,605 Charitable activities Skills and activities Caterin8 Community transport Governance costs 478,432 56,024 273,411 21,828 6,928 485.360 56,024 308,818 21,828 35.407 Total 839,300 42.335 881.635 NET INCOME/IEXPENDITURE) Transfers between funds 1213,7011 609,014 319,331 1609,0141 105,630 Net movement in funds 395,313 1289,6831 105,630 Reconciliation of funds Total funds brought forward 1,091,641 327,619 1,419.260 Total funds carried forward 1,486,954 37,936 1,524,890 23
Centre 81 Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2024 12. Tangible fixed assets Fixtures and fittings Freehold property Motor vehicles Totals Cost At l April 2023 Additions Disposals 1,758,115 1,690 75.866 223,488 2,500 152,7341 2,057,469 4,190 152,7341 At 31 March 2024 1.759,805 75,866 173,254 2.008,925 Depreciation At l April 2023 Charge for year Elirninated on disposal 36,056 9,427 156,288 12,601 {52,7341 192.344 22,028 152,7341 At 31 March 2024 45,483 116,155 161.638 Net book value At 31 March 2024 1,759.805 30,383 57,099 1,847,287 At 31 March 2023 1,758,115 39.810 67,200 1,865,125 Included in cost or valuation of land and buildings is freehold land of £44,24012023 £44,2401 which is not depreciated. 13. Debtors: amounts falling due within one year 2024 2023 Trade debtors Other debtors VAT Prepayment5 60.804 45,233 190 2,286 24,529 2,393 28,237 91,434 72,238 24
Centre 81 Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2024 14. Creditors: amounts falling due within one year 2024 2023 Bank loans and overdrafts Isee note 161 Trade creditors Social security and other taxes Other creditors Accrued expenses 21,667 38,637 16,050 23,562 56,028 21,667 70,674 7,341 2,804 32,957 155,944 135,443 Bank loans includes a loan which is secured on the property. 15. Creditors: amounts fallin8 due after more than one year 2024 2023 Bank loans Isee note 161 303.334 303,334 Bank loans includes a loan which is secured on the property. 16. Loans An analysis of the maturity of loans is given below.. 2024 2023 Amounts falling due within one year on demand.. Loans 21,667 21,667 Amounts falling due between two and five years= Loans 86,667 86,667 Amounts falling due in more rhan five years.. Repayable by instalments: Loans 216,667 216,667 25
Centre 81 Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2024 17. Leasing agreements Minimum lease payments under non-cancellable operating leases fall due as follows.. 2024 2023 Within one year 2,516 2,476 18. Movement in funds Net movement in funds Transfers between funds At 1.4.23 At 31.3.24 Unrestricted funds General fund 1.486,954 134,5861 28,986 1.481,354 Restrirted funds New Centre 81 Skills and activities 23,486 14,450 123,4861 15.5001 1.736 10,686 37,936 1,736 128.986) 10,686 TOTAL FUNDS 1,524,890 132.8501 1,492,040 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 853,310 1887,8961 134,5861 Restricted funds Skills and activities Community transport 6,819 37,971 15,0831 137,9711 1,736 44,790 143,0541 1,736 TOTAL FUNDS 898,100 1930,9501 132,8501 26
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2024 18. Movement in funds- continued Comparatives for movement in funds Net movement in funds Transfers between funds At 1.4.22 At 31.3.23 Unrestricted funds General fund 1,091.641 1213.7011 609,014 1.486,954 Restricted funds New Centre 81 Awards for all Skills and artivities 317,687 501 9,431 312,5C 19351 7,766 1606,701) 434 12,747) 23,486 14,450 327.619 319.331 1609,0141 37.936 TOTAL FUNDS 1,419,260 105,630 1,524,890 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 625,599 1839,3001 1213,7011 Restrirted funds New Centre 81 Award5 for all Skills and activities Community transport 312,500 312,500 19351 7,766 19351 15,9931 135.4071 13,759 35,407 361,666 142,3351 319,331 TOTAL FUNDS 987,265 1881,6351 105,630 27
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2024 18. Movement in funds- continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 1.4.22 At 31.3.24 Unrestrirted funds General fund 1,091,641 1248,2871 638.000 1,481,354 Restricted funds New Centre 81 Awards for all Skills and activities 317,687 501 9,431 312,SCyJ 19351 9.502 {630,1871 434 18,247} 10,686 327,619 321,067 1638,000} 10.686 TOTAL FUNDS 1,419,260 72,780 1.492,040 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1,478,909 11,727,196) 1248,2871 Restricted funds New Centre 81 Awardsfor all Skills and activities Community transport 312,5C(J 312,500 19351 9,502 19351 111,0761 173.3781 20,578 73,378 406,456 185,3891 321.067 TOTAL FUNDS 1.885,365 11,812,5851 72,780 New Centre 81- funds held to be put towards the purchase and renovation of the building used by the charity. Awards for All - funds held to purchase equipment and training for use of equipment. Skills and Activitie5 Grants - funding support for running the skills and activities centre for the members. Community Transport Grants- funding 5UPPOrt for running the community transport services for members. TRANSFERS BETWEEN FUNDS Transfers between funds represent.. 28
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2024 18. Movement in funds- corhtinued The transfer of restricted funds used to purchase capital items on which there is no ongoing restriction. The transfer of funds which have been released to unrestricted funds by funders, and The transfer of general funds where restricted funds were not sufficient to cover the project costs in full. 19. Related party disclosures Some of the Trustees are 3150 members of Centre 81 Limited and accordingly enjoy the same facilities. on the same basis as Other members. During the year Centre 81 Limited purchased goods and services from TMS Media Limited on normal commercial terms amounting to £473 12023 .. £3011. TMS Media Limited is jointly controlled by S Scott, trustee of Centre 81 Limited. 29
Centre 81 Limited Detailed Statement of Financial Artivities for the Year Ended 31 March 2024 2024 Totsl funds 2023 Total funds Unrestricted funds Restricted funds Income and endowments Donations and legacies Donations Grants 19.164 66,132 19,164 110.922 17.061 366.085 44,790 85,296 44.790 130.086 383.146 Other trading artivities Fundraising events 5,698 Charitable artivities Community transport Skills and activities income Catering Tea bar 145.156 577.808 21,459 8,690 145,156 577,808 21,459 8,690 95,4 479,529 14.955 7,811 753,113 753.113 597,299 Other income 8ank interest Insurance income Rental income 116 1,378 13,407 116 1,378 13,407 1,122 14,901 14,901 1,122 Total incoming resources 853,310 44.790 898,100 987,265 Expenditure Raising donations and legacies Fundraisin8 expenditure 9,795 9,795 9,605 Charitable activities Wages Social security Pensions Sundries Non recoverable VAT Depreciation of tangible fixed asset5 Carried forward 649,378 30,358 15,566 136,566 13,955 22,028 867,851 3,229 652,607 30,358 15,566 176,391 13,955 22,028 910,905 582,377 24,542 14,290 202,920 14,934 21,522 860,585 39,825 43,054 This page does not form part of the statutory financial statements 30
Centre 81 Limited Detailed Statement of Financial Activities for the Year Ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Charitable artivities Brought forward Loss on sale of intangible fixed assets 867,851 12801 43.054 910,905 12801 860,585 1,445 867,571 43,054 910,625 862,030 Support costs Governance costs Independent examination Accountancy 7,355 3,175 7.355 3,175 6,825 3,175 10,530 10,530 10,000 Total resources expended 887,896 43,054 930,950 881,635 Net income 134,5861 1.736 132,8501 105,630 This page does not form part of the statutory financial statements 31