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2021-03-31-accounts

Registered number: 03074118 Charity number: 1049128

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CENTRE4 LIMITED (A Company Limited by Guarantee)

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TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

CENTRE4 LIMITED

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details ofthe Company, its Trustees and Advisers 1
Chairman's Statement 2
Trustees’ Report 3-9
independent Auditors’ Report on the Financial Statements 10-13
Consolidated Statement of Financial Activities 14
Consolidated Balance Sheet 15-16
Company Balance Sheet 17-18
Consolidated Statement of Cash Flows 19
NotestotheFinancialStatements 20-46

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Trustees Mrs A J Hames, Chair JM Stockton, Trustee Ms E A Norman, Trustee R J Ellis, Trustee (resigned 3 November 2020) Councillor R J Oxby, Trustee (resigned 25 August 2021) Mrs E M Conolly, Trustee (resigned 26 October 2020) M F H Webb, Trustee (resigned 12 August 2021) Mrs P Taylor, Trustee (appointed 14 January 2021) B J Henry, Trustee (appointed 12 August 2021)

1. Chief Officer

A Chief Officer is appointed to manage the organisation and develop it and has delegated authority, within the terms of delegation approved by the trustees, for operational matters including finance, employment and other related activity. Senior Management and Project staff submit quarterly reports to the board which are discussed at the general meetings. During this reporting period Linda Dellow was in the position of Chief Officer, Paula Maskill, Centre Manager and Suzanne Woods; Accounts Officer.

Company registered number 03074118 Charity registered number 1049128

Registered office Centre4 17a Wootton Road Grimsby . North East Lincolnshire , DN33 1HE

Company secretary Paula Graves

Chief executive officer Linda Dellow Independent auditors Pelham Accountants 2019 Limited Statutory Auditors 16 Dudley Street Grimsby North East Lincolnshire DN31 2AB

Bankers The Co-operative Bank Pic P.O. Box 250 Skelmersdale WN8 6WT

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CENTRE4 LIMITED

(A Company Limited by Guarantee) erentessere erent enerenrennrsvasnstesneenennnennnt CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

eee The chairman presents her statement for the year.

Undoubtedly 2020 has been a year none of us will ever forget. When we first began to hear about Coronavirus (COVID 19), | don't think anyone fully realised the impact it would have on all our lives and how it would affect every business and organisation. | don't think we fully realised the immense pressure it would place on the NHS, our health and social care providers, charities and the statutory services, nor, sadly, how many lives would be lost. Like all others, Centre4 followed government guidelines and closed its doors in March 2020 - an act that was totally alien to everyone working there as we all knew how much the community relied on the services provided by our organisation. Of course, our tenants also had to close their doors and work from home as best they could, all our training rooms, meeting rooms, hall and sports facilities were empty. Bookings were cancelled as nobody could foresee when life would return to some semblance of normality. However, | was immensely proud to see how quickly everyone adapted to working from home to ensure services continued - albeit via telephone and digital means -which is tribute to the extreme effort made by our CEO, senior managers and every member of the team. | know everyone worked tirelessly to make sure that the vital support remained accessible to those who needed it. Mention must also be made of our Nursery manager and her team, many of whom made personal sacrifices to ensure Butterflies remained open throughout and provided sucha brilliant service for the children and their families. Centre4 re-opened its doors in July and, whilst, of course, our visitor numbers are down for the year, | am pleased to say that, overall, the organisation has remained a key focal point for the immediate and wider community of North East Lincolnshire. Indeed many of our services have seen extremely high demand and continue to bea lifeline to people who need advice or practical help and support for their health and wellbeing, particularly at a time when some in our community have felt very vulnerable, isolated or have faced financial hardship. Certainly this year has been challenging for Centred and became even more so when, in September, our longserving CEO announced her intention to retire. Linda Dellow has been a driving force for the organisation for many years and finding someone to “take up the reins" was a daunting prospect for the Trustees. Linda’s reputation as an inspirational leader and innovator is well known throughout the area and beyond and | think everyone would agree that, but for her, Centre4 would not enjoy the success that it does today. On behalf of the Trustees and everyone at Centre4 | would like to thank Linda for all she has done and wish her a long and happy retirement. Once again | would like to thank my fellow trustees for all the time, support, advice and guidance that they have freely given - and continue to give - to help ensure that Centre4 continues to prosper and provide such a wide range of much needed services to the community of North East Lincolnshire. Thank you also to our senior managers and their teams - your commitment, dedication, selflessness and extremely hard work has gone above and beyond all expectations. In closing | would also like to say a huge thank you to all our tenants who have remained loyal to Centre4 and to our partners who have been amazing in their support throughout this difficult year. Lastly thank you to our customers and visitors - we are so pleased to see you back! Chairman Visa. Date: , BWA a

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CENTRE4 LIMITED ; {A Company Limited by Guarantee) eemnnteeamenemmnntenenenatenmnme meme te tememmmmi ane angn ian en STE RTE TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

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The Trustees present their annual report together with the audited financial statements of the Company for the 1 April 2020 to 31 March 2021. The Annual Report serves the purposes of both a Trustees’ report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Objectives and activities

a. Policies and objectives

The Charity's objects within its governing document are: - to promote the benefit of the inhabitants of the Nunsthorpe and Bradley Park estates and the surrounding areas of North East Lincolnshire as the trustees see fit, without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants. - To maintain and manage or to co-operate with any local statutory authority in the maintenance and management of a Community Hub for activities promoted by the charity and its constituent bodies in furtherance for the above objects.

The charity also has the general aim of contributing to the overall ‘wellbeing’ of the people of North East Lincolnshire - in a nutshell, the charity assists in the regeneration of communities. Centre4 exists primarily to serve the local community by providing a range of activities and facilities to promote increased opportunities for the residents. It is committed to helping individuals and families to enrich their lives by enabling them to achieve their potential and play a full part in the local and wider community by providing high quality facilities, locally based services, training and learning opportunities.

Our overall aim is to create a sustainable, professional and quality amenity that is valued for its responsiveness to the needs of the whole community.

in setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

The strategies employed to achieve the charity's aims and objectives are to: - research and develop new activities that will enhance the wellbeing of our community - encourage more visitors and users to our centre by offering an attractive, innovative and wide range of learning programmes, services and activities - underpin the quality and monitoring of our service through implementation of a planned programme of continuous improvement - invest in our staff to ensure their skills meet the needs of the centre, our users, tenants and visitors - build a secure financial foundation for a sustainable future and further development of the centre.

We endeavour to encourage all within our community to take part in the activities available from within Centre4, some delivered by ourselves and some by tenant organisations or external partners.

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CENTRE4 LIMITED

(A Company Limited by Guarantee)

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Objectives and activities (continued)

c. Activities undertaken to achieve objectives

Our services and activities include: o Managed workspace and rooms for hire - high quality office space provides a base for other organisations that deliver community based services and activities. Tenants during this reporting period include:

0 Carelink - offering lifeline telephone support for vulnerable people

o Care Plus Group - delivery of health based collaborative initiatives

o Alzheimer's Society - supports people living with dementia

o Stroke Association - support for survivors of stroke

o Community Shop - provide significantly reduced cost food and support programmes for people on low income

o Port Restyle - operate sewing clubs across the borough

o Unison Health - support for members working within the health sector

o PT Evo Bodyweight Fitness - provide a range of fitness classes and personal training based in the sports hall

o Nunny’s Farm - small breed care farm based within the grounds of Centred

o CPO- training organisation

o Humber Learning Consortium - learning and skills provider

o Climb4 - training, education and arts.

o Sector Support NELC - providing a range of support to VCSE organisations o Cudox - counselling service.

in terms of room hire, these are rented out on an ad hoc basis and for a variety of activities including social clubs, bingo, parties, support groups, training and meetings.

We gather regular feedback from all of our customers as part of our commitment to quality and this includes case studies that demonstrate that our services and activities have a positive impact on the wellbeing of local people.

Achievements and performance

a. Main achievements of the Company

A major factor on our achievements and performance during this year has of course been the impact of COVID-19. A clear indicator of this is in the total recorded visits to Centre4 in the year ending 31 March 2021 20,861 - a decrease of 47,025 on the previous year. When the Prime Minister announced that the country - would be going into a lockdown in March 2020 | don't think any of us could have predicted the length of time it would take to resume business as usual, and of course we still haven't! ONENENN Page 4

CENTRE4 LIMITED .

(A Company Limited by Guarantee)

eer tc here TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

Although we could not access the building for the first quarter of the year, this did not stop service delivery or support to our local community. The organisation quickly adapted to move provision online or over the telephone.

Advice service — continued to offer support with welfare benefit entitlement, challenging DWP decisions, helping with housing and debt advice, digital exclusion and financial resilience. This year saw an increased demand from people who had been furloughed - on minimum wage, but only being paid 80% of income had pushed people into hardship, debt and in need of financial management support. On the back of this we supported the rollout of £35,000 Hardship Funds on behalf of the local authority. In this reporting period, the Advice Service opened 1812 cases of which 323 were from South Ward: The financial gains achieved during the year were £4,291,936. The contract with the Carers Support Service to provide advice and advocacy to registered carers and their families has also been maintained during the period with 531 cases opened and £1,587,014 financial gains recorded.

Social prescribing (Thrive) - targeted at people with long term health conditions, a high number of which were on the clinically vulnerable list and advised by the government to shield for the best part of this year. This had a knock on impact on both engagement and new referrals into this payment by results service. To that end, the funders (Bridges Outcome Partnership/CCG/Lottery) agreed to an increased block payment and also paid off the deficit that was reported in the previous year’s accounts. The Thrive team did an excellent job adapting their working practices and in addition to providing one to one telephone support they made great use of social media. Groups were established on a number of social media platforms where daily quizzes, exercise sessions, a bake off and even an ‘in bloom’ activity throughout the summer took place. This was supported via a successful bid to the National Lottery Covid Recovery Fund ~ Centre4 was awarded £17,900 to employ a digital activities coordinator and purchase 22 tablets for loan to patients on the social prescribing programme. The team was further enhanced by five Community Wellbeing Connectors, funded by the council and employed via ERA.

Butterflies Day Nursery — 111 children were enrolled at Butterflies Day Nursery, which is a decrease of 29 children compared to last year. There was an average of 39 two year olds per term accessing funding and 57 three and four year olds, all others were either parent payers or funded via other provision. Unlike schools, early years settings were encouraged to remain open during lockdown. As this is not statutory education, many parents chose not to send their children so this impacted on the level of fees generated. We were able to make use of the furlough scheme but for the first time in many years the nursery arm of the business recorded a deficit.

Due to the pandemic the gym had to close for several months as per the guidance by the government, however when they did open the centre saw a total of 14 inductions take place and of these 8 became members, 116 day passes and 16 monthly passes were purchased.

Empowering Places — funded by Power to Change, project delivery was restricted considerably due to lockdown. Community organisers put together activity packs for children and young people locally and created fun pavement games for those who were out and about. Community businesses were predominantly supported digitally and face to face when it allowed. This included Nunny’s Farm who were able to open for the first time for a short period in summer 2020.

Ethical Recruitment Agency (ERA) — through the social action strand of the agency, ERA mobilised a team of volunteers to do prescription pick-ups, shopping and any other tasks that supported vulnerable people, particularly those who were shielding due to being clinically at risk from the virus. ERA’s contribution to supporting during the pandemic did not go unnoticed and the council approached them to recruit a team of Covid Support Assistants, Track and Trace team, Community Wellbeing Connectors and Refuse Collectors. A couple of other local employers also used the service so ERA finally began trading in earnest. tn its first year

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CENTRE4 LIMITED

(A Company Limited by Guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

ERA recorded a very healthy turnover of £443,268 with a pre-tax surplus of £44,430. It should be noted that this also included £52,672 grant funding from Power to Change that is not recurrent funding — ERA will need to work hard in the next financial year to achieve sustainability of the service. In addition to presenting us with some challenges, the pandemic also brought us opportunities. When the building could reopen in July 2020, albeit not to the general public, there was a demand for larger meeting spaces which we could respond to. This brought new customers, particularly educational providers who needed to deliver essential training. These included Rail Engineering Safety, overseas nursing training, Bycare Solutions and the Police. |The organisation also had the opportunity to be featured in a virtual tour at the annual Locality unConvention that was held online for the first time, the video can be viewed here hitps://youtube/ziJkOpf9iqs.

Overall, it has been another successful year for the charity despite the restrictions on trading due to the pandemic and associated lockdowns. The trustees are delighted that the organisation is in a healthy financial position and that the services and activities it provides continue to have an excellent reputation

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

As per the Charity Commission recommendation, the trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure.

The balance held as unrestricted funds at 31 March 2021 was £743,081, of which £477,319 equates to fixed assets, £44,430 is the pre-tax profit for ERA which will be earmarked for future projects and support for ERA, £40,000 designated for future repairs and £170,828 for three months budgeted running costs as detailed above.

c. Financial Position

At the beginning of lockdown there was a real concern about the financial impact on the organisation, particularly on the loss of ad hoc room hire. The annual budget was revised to reflect this and anticipated income from room hire was reduced to £8,000. This target was outperformed by over £14,000 due to attracting new customers for our larger spaces. The trustees are content with the financial performance of the organisation over the last year and with the aid of sound financial management and the support of its staff generated a very positive outcome for the period with a net increase in funds of £141,689.

The principal funding sources for the charity are rent, room hire, nursery fees and contract income that comes from delivering the Advice Service, Social Prescribing, bus passes and the Empowering Places Project.

There will always be an element of uncertainty with our funded/contracted provision, particularly as these are public funds that are subject to year on year review.

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CENTRE4 LIMITED

(A Company Limited by Guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

d. Future Plans

Linda Dellow the current CEO, will be retiring from the organisation in May 2021 after almost 24 years’ service. The trustees are pleased to have appointed Alison Davis as her replacement and she will commence employment in April 2021.

Addressing the needs of our local community will always be a priority and therefore our efforts will continue to be focused on working with our neighbours to find solutions that improve their daily lives. To support this, commitment has been given to the development of a ‘people’s panel’ who will be supported to influence the future direction of the organisation. Community led housing, extension of social prescribing and creation of a community wellbeing SPA (Single Point of Access) remain potential development opportunities and these will be explored in the coming year.

The biggest unknown going forward will continue to be Covid-19 and the potential for further national/local lockdowns or restrictions if the virus is not brought under control. The trustees and senior staff will need to keep a watchful eye on all key income streams whilst observing government guidance in relation to delivery of services and activities.

Structure, governance and management

a. Constitution

Centre4 is a company limited by guarantee governed by its Memorandum and Articles of Association dated 12 September 1995. It is registered as a charity with the Charity Commission.

b. Methods of appointment or election of Trustees

Membership shall be open to the residents of Nunsthorpe and Bradley Park, Grimsby.

Membership consists of Full Members where an individual subscribes to the memorandum and agrees to membership in accordance with the rules made under Article 61 of the Charity. No person shall be admitted a member of the Charity unless the application for membership is approved by the trustees. Full members are entitled to attend General Meetings and shall have one vote.

(1) not less than five and not more than eight members elected at the annual general meeting who shall hold office from the conclusion of that meeting

(2) not less than four and not more than seven nominated members appointed, as follows: local schools, local churches; local colleges, voluntary sector, private sector; public sector, and Enterprise Agency (3) the executive committee may in addition appoint not more than three co-opted members. When considering co-opting trustees, the Board has regard to the requirement for any specialist skills needed.

In addition to all powers expressly conferred upon them and without detracting from the generality of their powers under the articles, the trustees shall have the following powers, namely:

(1) te expend the funds of the Charity in such manner as they shall consider most beneficial for the achievement of the objects and to invest in the name of the Charity such part of the funds as they may see fit and to direct the sale or transposition of any such investments and to expend the proceeds of any such sale in furtherance of the objects of the charity;

(2) to enter into contracts on behalf of the Charity.

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CENTRE4 LIMITED (A Company Limited by Guarantee) 7 perA AE SN TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

c. Organisational structure and decision-making

policies

The board of trustees, which can have up to 15 members and not less than 9, governs Centre4 and meet quarterly.

At the end of this reporting period we had 6 trustees. We know from our own experience and that of other local charities, that it is difficult to attract new trustees. The Board of trustees and senior staff of Centre4 will be having an away day in the next year to consider future vision and strategy and this will include a review of governance arrangements.

d. Policies adopted for the induction and training of Trustees

New trustees are provided with a ‘Trustee Handbook’ and have to complete certain documentation pertaining to the Charity's Commission and Companies House. They are also informed of the content of the Memorandum and Articles of Association, the board and decision-making processes, the business plan and recent financial performance of Centre4. They are also issued with a job description and encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. Due to the responsibility trustees have in regards to Butterflies Day Nursery they must also undertake a DBS check and complete all relevant paperwork required by Ofsted.

e. Pay policy for key management personnel

All directors give of their time freely and no director received remuneration in the year.

The pay of the senior staff is reviewed annually and where financially viable, is normally increased in accordance with national inflation rates. In terms of setting the rate of pay the trustees benchmark against other local VCSE organisations but ultimately it is down to organisational affordability.

f. Related party relationships

No trustee is paid remuneration for their role, however all reasonable expenses such as travel, training etc. will be reimbursed. In this financial year, there were no contractual relationships with a related party.

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CENTRE4 LIMITED (A Company Limited by Guarantee)

pm cc A SP ST TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

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Statement of Trustees’ responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial period. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Auditors

The auditors, Pelham Accountants 2019 Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on and signed on their behalf by: SSC Cae Mrs A J Hames WLAN

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CENTRE4 LIMITED {A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CENTRE4 LIMITED

Opinion

We have audited the financial statements of Centre4 Limited (the ‘parent charitable company’) and its subsidiaries (the ‘group') for the year ended 31 March 2021 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the gaing concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group’s or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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CENTRE4 LIMITED

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Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

in our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

in the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

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CENTRE4 LIMITED

(A Company Limited by Guarantee}

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CENTRE4 LIMITED (CONTINUED)

Auditors’ responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors’ Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment and health and safety legislation and the terms of material grants received. An understanding of these laws and regulations and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

-To address the risk of fraud through management bias and override of controls, we:

In response ito the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

~ enquiring of management as to actual and potential litigation and claims;

Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

The risk Is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CENTRE4 LIMITED (CONTINUED)

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Afurther description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors’ Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. oo ,

John White (Senior Statutory Auditor)

for and on behalf of Pelham Accountants 2019 Limited

Statutory Auditors

16 Dudley Street

Grimsby

North East Lincolnshire

DN31 2AB

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EXPENDITURE ACCOUNT)
FOR THETHE YEAR ENDED 31 MARCH 2021		 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR THETHE YEAR ENDED 31 MARCH 2021
a
even
Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note £ £ £ £
Income from:
Donations and legacies 4 - 1,400 1,400 1,200
Charitable activities 5 338,722 628,460 967,182 1,029,189
Other trading activities 7 621,315 2 621,317 227,399
Investments 8 124 - 124 638
Other tncome 80,362 - 80,362 74,488
Total income 1,040,523 629,862 1,670,385 1,332,914
Expenditure on:
Raising funds 9 358,908 51,627 410,535 -
Charitable activities 598,860 519,301 1,118,161 1,003,267
Total expenditure 957,768 570,928 1,528,696 1,003,267
Net movement in funds 82,755 58,934 141,689 329,647
Reconciliation of funds:
Total funds brought forward 660,326 1,565,518 2,225,844 1,896,197
Net movement in funds 82,755 58,934 141,689 329,647
Totalfundscarriedforward 743,081 4,624,452 2,367,533 2,225,844

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 20 to 46 form part of these financial statements.

Ee

Page 14

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CENTRE4 LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 03074118

eonsei ce Tt ce Tt a SS PSPS SES SES
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2021
i
2021 2020
Note £ £
Fixed assets
Tangible assets . 15 1,898,272 1,927,292
1,898,272 1,927,292
Current assets
Debtors 17 279,463 60,640
Cash at bank and in hand 443,353 357,243
722,816 417,883
Creditors: amounts falling due within one
year 18 (222,305) (75,587)
Net current assets 500,511 342,302
Total assets less current liabilities 2,398,783 2,269,594
Creditors: amounts falling due
than one year		 after more 19 (31,250) (43,750)
Net assets excluding pension asset 2,367 ,533 2,225,844
Total net assets 2,367,533 2,225,844
Charity funds
Restricted funds:
Restricted funds 22 1,571,871 1,522,794
Restricted funds - class ii 22 52,581 42,724
Total restricted funds 22 1,624,452 1,565,518
Unrestricted funds
Designated funds 22 40,000 40,000
General funds 22 703,081 620,326
Total unrestricted funds 22 743,081 660,326
Totalfunds 2,367,533 2,225,844

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

tttt Page 15

CENTRE4 LIMITED

(A Company Limited by Guarantee) REGISTERED NUMBER: 03074118

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2021

The financial

statements

were approved and authorised for issue by the Trustees on and signed on their behalf by:

Mrs A J Hames WoIsdk oc SN 2

The notes on pages 20 to 46 form part of these financial statements.

Page 16

eee

CENTRE4 LIMITED (A Company Limited by Guarantee) ‘ REGISTERED NUMBER: 03074118 ree e ns renterreres

COMPANY BALANCE SHEET AS AT 31 MARCH 2021

eee

2021 2020
Note £ £
Fixed assets
Tangible assets , 15 1,898,272 1,927,292
Investments 16 1 1
1,898,273 1,927,293
Current assets
Debtors 17 136,334 60,640
Cash at bank and in hand 423,936 357,243
560,270 417,883
Creditors: amounts falling due within one
year 18 (104,190) (75,582)
Netcurrent assets 456,080 342,301
Total assets less current liabilities 2,354,353 2,269,594
Creditors: amounts falling due after more
than one year 19 (31,250) (43,750)
Net assets excluding pension asset 2,323,103 2,225,844
Total netassets 2,323,103 2,225,844
Charity funds
Restricted funds:
Restricted funds 22 1,571,871 1,522,794
Restricted funds - class ii 22 51,536 42,724
Total restricted funds 22 1,623,407 17,565,518
Unrestricted funds
Designated funds 22 40,000 40,000
General funds 22 659,696 620,326
Total unrestricted funds 22 699,696 660,326
Totalfunds 2,323,103 2,225,844

The Company's net movement in funds for the year was £97,259 (2020 - £329, 647).

eee

Page 17

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CENTRE4 LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 03074118

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eset

re neem

COMPANY BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2021

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf by:

Mrs A J Hames ROS cee BMD

The notes on pages 20 to 46 form part of these financial statements.

Page 18

a

CENTRE4 LIMITED

(A Company Limited by Guarantee)

$e: thSts SEAS

AO SLI SS SS aN Nt CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

A

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2021|2020| |£|£| |Cash|flows|from|operating|activities| |Net|cash|used|in|operating|activities|115,663|346, 709| |Cash|flows|from|investing|activities| |Dividends,|interests|and|rents|from|investments|124|638| |Purchase|of tangible|fixed|assets|(23,427)|(304, 606)| |Net cash|used|in|investing|activities|(23,303)|(303,968)| |Cash|flows|from|financing|activities| |Cash|inflows|from|new|borrowing|-|50,000| |Repayments|of|borrowing|(6,250)|-| |Net cash|(used|in)/provided|by|financing|activities|(6,250)|50,000| |Change|in|cash|and|cash|equivalents|in|the year|86,110|92,741| |Cash|and|cash|equivalents|at|the|beginning|of the|year|357,243|264,502| |Cash|and|cash|equivalents|at the|end|of the year|443,353|357,243|

----- End of picture text -----

The notes on pages 20 to 46 form part of these financial statements

A Page 19

CENTRE4 LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. General information

Centre 4 Limited is a private company, limited by guarantee and therefore it has no share capital. The liability of the members is limited to £1 each. The company is registered in England and Wales and it's registered number and registered office address can be found on the Company Information page. The Charity is a public benefit entity.

3. Accounting policies

3.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Centre4 Limited meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements.

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

3.3. Government grants

Grants, including those relating to tangible fixed assets, are accounted for on a performance basis and released to the Consolidated Statement of Financial Activities when any conditions relating to the grant are met. Unconditional grants are released to the Consolidated Statement of Finacial Activities upon receipt.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Page 20

i CENTRE4 LIMITED . (A Company Limited by Guarantee) een nnn ne AE LL TE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

a OUR

3. Accounting policies (continued)

3.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.

irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Allocation and apportionment of costs Support costs as those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charitable activities. These costs have been allocated to the cost of charitable activities and governance costs on a basis consistent with the use of resources and split between funds as follows: Catering, cleaning, room & pitch hire, printing and telephone costs are allocated based on invoiced events. ;

Salaries, wages and related costs are allocated on a time basis.

Independent examiners fees, accountancy services and legal and professional fees are allocated to Governance costs.

3.6 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Improvements to property - 2% on cost Nursery equipment - 20% oncost Fixtures and fittings - 20% reducing balance Gym equipment - 20% oncost Computer equipment - 20% on cost Solar panels - 5% oncost

The charity is exempt from corporation tax on its charitable activities.

rt Page 21

,

gt

CENTRE4 LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3. Accounting policies (continued)

3.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated Statement of Financial Activities.

Investments in subsidiaries are valued at cost less provision for impairment.

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

3.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

3.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance cost.

3.12 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

3.13 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

Page 22

a - CENTRE4 LIMITED (A Company Limited by Guarantee) _ ernstsen nt eens NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 i

----- Start of picture text -----
3. Accounting policies (continued)
----- End of picture text -----

3.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Designated funds represent funds set aside by the charity to cover repairs and refurbishment to the property.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out below:

History group - Grant towards the garden city history project. Men's Shed Project - Funding to provide access to healthcare advice to men. Stroke Courtyard - Funding for the Stroke Association to maintain the courtyard at the centre. Connecting Communities - Funding to establish the needs of the community in order to provide sustainable, community led improvements in their lifestyle. Nursery Refurbishment - Funding to refurbish the Nursery facility. Local Ward - Funding to bring playing field back into community use. Library - Funding from NELC for set up costs for the Community Library. Advice - SLA with CAB to provide integrated Advice Service in NE Lincs. Youth Provision - Funding from NELC for local youth activities Connecting Communities Cash - Funds generated from Connecting Communities activities Centre4- Earmarked funds to refurbish and repair Centre4 Nursery Pupil Premium - Additional funding to improve the education for disadvantaged three and four year olds. Centre4 Capital Fund - Funding for the conversion/refurbishment of the property to bring it in to use by the Charity. Green Spaces - Grant to enhance unused space for community activities. Power to Change Empowering Places - Funds to support the transformation of the local neighbourhood and develop community businesses. Tudor Trust - Funds to install stage curtains and support community activities. DAF FFE - Disability Access funding to meet children's additional needs. Social Prescribing - Support to improve individuals management of their specific long term health conditions. Empowering Places Ind Pot - Capacity building support. Stroke Room Hire - Funds to pay for room hire. Guiness Partnership - Funds to purchase equipment to create a community gym. Power to Change Capital - Funding for the conversion/refurbishment of the first floor of the property, and the car park. Gym - Assets held for the community gym. Digital Buddies - Buddying system offering support for people to overcome digital exclusion. Humberside Police (SOC) -Home Office grant to support families with at least one member who is at risk of being drawn into Serious Organised Crime. Thrift Shop Seed Grant - Grant to support the ongoing development of new community businesses. Callies Baby Delights Seed Grant - Grant to support the initial development of new community businesses. Baby Items Seed Grant - Grant to support the initial development of new community businesses. Tudor Trust Capital Fund - Grant towards the refurbishment of the 1st floor and car park. Youth Programme - Grant for the delivery of the Community Organisers Youth Programme.

a

Page 23

CENTRE4 LIMITED

----- Start of picture text -----
,
----- End of picture text -----

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3. Accounting policies (continued)

3.14 Fund accounting (continued)

Love where You Live - Grant to support local people with immediate needs. Hardship Fund - Covid provision to support people in hardship as a consequence of Covid. Lotto Community Grant - Funding from the National Lottery's Corona Virus Community Support Fund to help set up and deliver virtual activities.

PCN Link Worker - Grant to provide a Social Prescribing Link Worker to the local PCN. Community Mothers - To enable volunterrs to offer peer support to mothers who require it, including practical support, parenting advice, befriending and engaging in the community. Power to Change (ERA) - funding towards staff costs within Ethical Recruitment Agency (Grimsby) Limited.

Investment income, gains and losses are allocated to the appropriate fund.

3.15 Going Concern

There are no material uncertainties about the charity's ability to continue as a going concern. Therefore, the accounts have been prepared on a going concern basis.

4. Income from donations and legacies

----- Start of picture text -----
Donations
Donations
----- End of picture text -----

Restricted Total
funds funds
2021 2021
£ £
1,400 1,400
Restricted Total
funds funds
2020 2020
£ £
1,200 1,200

Page 24

e e

naS

CENTRE4 LIMITED

(A Company Limited by Guarantee)

rl ee sc PPD SASS A SS SN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 314 MARCH 2021

enEN Eee

  1. Income from charitable activities
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
£ £ £
Income from charitable activities - Nursery Fees including
lunches 274,186 11,149 285,335
Income from charitable activities - Groups and clubs - 4,404 4,404
Income from charitable activities - Contracts 5,000 326,287 331,287
Income from charitabie activities - Grants 59,536 286 620 346,156
338,722 628,460 967,182
Unrestricted Restricted Total
: funds funds funds
2020 2020 2020
£ £ £
Income from charitable activities - Nursery Fees including
lunches 340,340 9,761 350,101
Income from charitable activities - Groups and clubs - 16,873 16,873
Income from charitable activities - Contracts 5,000 238,546 243,546
Income from charitable activities - Grants - 418,669 418,669
345,340 683,849 7,029,189

anESET een Page 25

.

CENTRE4 LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Grants received
Grants received, included in the above, are as follows:
2021 2020
£ £
Power to change - 210,261
Empowering Places 170,796 128,104
Guiness Partnership 13,000 -
Empowering Places Ind Pot 8,099 -
Digital Buddies - 9804
Humberside Police 4,500 27,500
Thrift Shop Seed - 1,000
Callies Baby - 1,000
Baby Items Seed - 1,000
Tudor Trust Capital Grant - 40,000
Love Where You Live 500 -
Hardship Grant 35,000 -
Community Fund 17,900 -
Youth Programme 530 -
Coronovirus Job Retention Scheme 33,402 -
Discretionary Grant re Covid 19 25,000 -
CJRS SSP 1,134 -
Community Mothers 2,695 -
Power to Change (ERA) 33,600 -
346,156 418,669

Page 26

aeenEn NEE

CENTRE4 LIMITED

(A Company Limited by Guarantee)

ee Se na Ac OP SS SS ST Sc IE oT, NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

a

7. Income from other trading activities

income from non charitable trading activities

Unrestricted Restricted Total
funds funds funds
2021 2021 2021
£ £ £
Fundraising events 592 2 594
Cafe & catering 615 - 615
Rents received 435,716 - 135,716
Room hire 25,170 - 25,170
Sports pitch hire 614 - 614
Gym income 459 - 459
Room cleaning 3,176 ~ 3,176
Admin services and photocopying 5,315 - 5,315
Miscellaneous income 6,390 - 6,390
Recruitment agency 443 268 ~ 443,268
621,315 2 621,317
Unrestricted Restricted Total
funds funds funds
2020 2020 2020
£ £ £
Fundraising events 800 5 805
Cafe & catering 6,886 - 6,886
Rents received 136, 704 - 136,704
Room hire 55, 159 1,497 56,656
Sports pitch hire 925 - 925
Gym income 2,187 - 2,187
Room cleaning 4,032 - 4,032
Admin services and photocopying 11,610 - 11,670
Miscellaneous income 3,194 - 3,194
Recruitment agency 4,400 - 4,400
225,897 1,502 227,399

nt

Page 27

CENTRE4 LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Investment income
Unrestricted Total
funds funds
2021 2021
£. £
Interest receivable 124 124
Unrestricted Total
funds funds
2020 2020
£ £
Interest receivable 638 638
9. Expenditureonraisingfunds

Other trading expenses

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
£ £ £ £
Cost of sales 20,494 1,015 21,509 -
Administration expenses 4,777 2,072 6,849 -
Cost of sales staff costs 333,637 48,540 382,177 -
358,908 51,627 410,535 -

Page 28

nenENTE

7

CENTRE4 LIMITED

(A Company Limited by Guarantee)

eee ef A et Pe SS SS SS TAS SS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

a

10. Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
. £ £ E
General 598,860 519,301 1,118,161
Unrestricted
funds		 Restricted
funds		 Total
funds
2020 2020 2020
£ £ £
General 569,071 434,196 1,003,267
41. Analysis of expenditure by activities
Activities
undertaken
directly		 Support
costs		 Total
funds
2021 2021 2021
£ £ £
Raising funds 407,985 2,550 410,535
Charitable activities 1,080,428 37,733 1,118,161
1,488,413 40,283 1,528,696
Activities
undertaken
directly		 Support
costs		 Total
funds
2020 2020 2020
£ £ £
General 966,914 36,353 1,003,267

enENTS orree oS Page 29

CENTRE4 LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Auditors’ remuneration

2021 2020
£ £
Fees payable to the Company's auditor and its associates for the audit of
the Company's annual accounts 4,900 3,100
Fees payable to the Company's auditor and its associates in respect of:
Allnon-auditservicesnotincludedabove 4,250 3,500

13. Staff costs

Group Group Company Company
2021 2020 2021 2020
E £ £ £
Emolumenits 1,032,888 611,813 691,938 611,873
Social security costs 78,800 26,335 39,805 26,335
Pension costs 11,999 8,068 9,767 8,068
1,123,687 646,216 741,510 646,276

No employees received emoluments in excess of £60,000.

Average number of employees during the year (excluding Directors) was Group - 72 (2020: 46) Company - 49 (2020: 46)

The total employment benefits including employer pension contributions of the key management personne! were £114,597 (2020: £110,915).

14. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £ENIL).

During the year ended 31 March 2021, no Trustee expenses have been incurred (2020 - £NIL).

Page 30

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CENTRE4 LIMITED

(A Company Limited by Guarantee)

seenSAEeyescn Pt NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

A 15. Tangible fixed assets (continued) The fixed assets are used in the management and administration of the charity, and also for direct charitable purposes in restricted funds projects.

16. Fixed asset investments

Investments
in
subsidiary
companies
Company £
Cost or valuation
Additions 4
At 31 March 2021 1
Net book value
At31March2021 1

There were no investment assets outside the UK.

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Page 33

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CENTRE4 LIMITED

(A Company Limited by Guarantee)

LT CTC eS A a aE TCS CO SAG SET rE Ss, NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

SUE En eneneeeeeeeeeeeeeee 17. Debtors

Group Group Company Company
2021 2020 2021 2020
£ £ £ £
Due within one year
Trade debtors 154,423 46,061 61,988 46,061
Other debtors 10 - 10 -
Prepayments and accrued income 125,030 14,579 74,336 14,579
279,463 60,640 136,334 60,640
Creditors: Amounts falling due within one year
Group Group Company Company
2021 2020 2021 2020
.
€		 £ £ £
Other loans 12,500 6,250 12,500 6,250
Trade creditors 39,472 27,764 39,296 27,764
Amounts owed to group undertakings - - 1 i]
Other taxation and social security 59,931 - - -
Other creditors 636 - - -
Accruals and deferred income 109,766 41,567 §2,393 41,567
222,305 75,581 104,190 75,582
  1. Creditors: Amounts falling due within one year

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Page 35

CENTRE4 LIMITED

(A Company Limited by Guarantee) ‘

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

  1. Creditors: Amounts falling due after more than one year
Group Group Company Company
2021 2020 2021 2020
£ £ £ £
Other loans 31,250 43,750 31,250 43,750
included within the above are amounts falling due as follows:
Group Group Company Company
2021 2020 2021 2020
£ £ £ £
Between one and two years
Other loans 12,500 12,500 12,500 12,500
Between two and five years
Other loans 18,750 31,250 18,750 31,250
Overfiveyears
  1. CONCESSIONARY LOANS

During the previous year, the company received a concessionary loan of £50,000 towards the costs of refurbishing the first floor space to support the development of Centre4 as a self-sustaining community hub that benefits local people. The loan can only be used for this purpose, but has no further conditions.

The total liability at 34 March 2021 is £43,750 (2020: £50,000).

The loan is unsecured, interest free, and due over 66 months with an 18 month repayment holiday at the beginning of the term.

Page 36

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CENTRE4 LIMITED {A Company Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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21. Accruals and deferred income

Deferred income comprises rents, room hire and cleaning income, along with Bus Pass income and nursery fees, which relate to the period after the year end.

Group Group Company Company
2021 2020 2021 2020
E £ £ £
Deferred income at 1 Apri! 2020 24,394 28,905 24,394 28,905
Resources deferred during the year 26,108 24,394 26,108 24,394
Amounts released from previous periods (24,394) (28,905) (24,394) (28,905)
Deferredincomeat31March2021 26,108 24,394 26,108 24,394

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Page 37

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CENTRE4 LIMITED

(A Company Limited by Guarantee)

a A: TS GS OS EP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

22. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 31 March
April 2020 Income Expenditure 2021
£ £ £ £
Unrestricted funds
Designated funds
Designated Funds 40,000 - - 40,000
General funds
General Funds - ail funds 620,326 1,040,523 (957,768) 703,081
Total Unrestricted funds 660,326 1,040,523 (957,768) 743,081
Restricted funds
History Group 360 - - 360
Men's Shed Project 7,822 ~ - 7,822
Centre4 Capital Fund 1,427,566 - (31,563) 1,396,003
Stroke Courtyard 3,150 1,400 (1,298) 3,252
Nursery Refurbishment 8,545 - (735) 7,810
Youth Provision 2,295 - (705) 1,590
Advice 37,944 116,615 (106,457) 48,102
Library 7,738 524 (27) 8,235
Local Ward 225 - - 225
CC Cash 14,825 3,879 (3,922) 14,782
Nursery Pupil Premium 8,333 9,562 (3,344) 14,551
Inclusion ~ 1,587 (671) 916
Green Spaces 2,158 - - 2,158
Power to Change Empowering Places 14,135 170,797 (126,013) 58,919
Tudor Trust 1,985 - - 1,985
DAFFEE 4,404 - (8) 1,396
Social Prescribing (16,361) 209,673 (194,000) (688)
Empowering Places Ind Pot 670 8,099 (4,316) 4,453
1,522,794 522,136 (473,059) 1,571,871

Page 38

Semen

SA te eerste

CENTRE4 LIMITED {4 Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |eee| |22.|Statement|of funds|(continued)| |Restricted|funds|-|Class|II| |Guiness|Partnership|-|13,000|(38}|12,962| |Gym|9,242|-|(2,778}|6,464| |Digital|Buddies|9,684|-|-|9,684| |Humberside|Police|22,260|4,500|(20,440)|6,320| |Thrift|Shop/Callies|Baby/Baby|Items|Seed|2,068|-|(11)|2,057| |Youth|Programme|(530)|530|-|-| |Love Where You|Live|-|500|(342)|158| |.|Hardship|Fund|-|35,000|(28,769)|6,231| |Lotto|Community|Grant|-|17,900|(12,164)|5,736| |PCN|Link|Worker|-|-|(52)|(52)| |Community|Mothers|-|2,696|(720)|1,976| |Power to Change|(ERA)|-|33,600|(32,555)|1,045| |42,724|107,726|(97,869)|52,581| |Total|Restricted|funds|1,565,518|629,862|(570,928)|1,624,452| |Total|of funds|2,225,844|1,670,385|(1,528,696)|2,367,533|

----- End of picture text -----

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Page 39

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CENTRE4 LIMITED

,

(A Company Limited by Guarantee)

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a A		 A A OO SAS A A oe oe SS SC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
avec
22. Statement offunds (continued)
Statement of funds - prior year
Balance at
Balance at Transfers 31 March
1 April 2079 Income Expenditure infout 2020
£ £ £ £ £
Unrestricted funds
Designated funds
Designated Funds 40,000 - - - 40,000
General funds
General Funds - all funds 203,986 646,363 (569,077) 339,048 620,326
Total Unrestricted funds 243,986 646,363 (569,071) 339,048 660,326
Restricted funds
History Group 360 - - - 360
Men's Shed Project 7,976 - (154) - 7,822
Centre4 Capital Fund 1,459,129 - (37,563) - 1,427, 566
Stroke Courtyard 3,406 1,200 (1,456) - 3,150
Connecting Communities 85 - (85) - -
Nursery Refurbishment 8,740 - (195) - 8,545
Youth Provision 2,295 - - - 2,295
Advice 27,509 100,296 (89,867) - 37,944
Library 8,702 227 (1,197} - 7,738
Local Ward 225 - - - 225
CC Cash 12,424 16,648 (14,247) - 14,825
Nursery Pupil Premium 4,568 9,762 (5,997) - 8,333
Green Spaces 2,158 - - - 2,158
Power to Change Empowering
Places 23,930 128,104 (137,899) - 14,135
Tudor Trust 1,985 - - - 1,985
DAFFEE 1,602 - (198) - 1,404
Social Prescribing (14,685) 138,252 (139,928) - (16,361)
Empowering Places Ind Pot 670 - - - 670
1,551,079 394,489 (422,774) - 1,522,794
OO
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Page40

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CENTRE4 LIMITED

(A Company Limited by Guarantee)

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emrremmeenmneneeneeneenene een NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

eee 22. Statement of funds (continued)

Restricted funds - Class Il
Guiness Partnership 345 1,497 (1,842) - .
Power to Change Capital 89,579 210,261 - (299,840) -
Gym 11,208 - (2,758) 792 9,242
Digital Buddies - 9,804 (120) - 9,684
Humberside Police - 27,500 (5,240) - 22260
Thrift Shop/Callies Baby/Baby
Items Seed
;		 - 3,000 (932) - 2,068
Tudor Trust Capital Fund - 40,000 - (40,000) -
Youth Programme - - (530) - (530)
a
101,132 292,062 (11,422) (339,048) 42.724
ee eee eee
Total Restricted funds 1,652,211 686,551 (434,196) (339,048) 1,565,518
ae.
Total offunds 1,896,197 1,332,914 (1,003,267) - 2,225844
——————ee eaaaae=e=EeaeEe=E=e —— ———&&—>—=—7~+Ia[VxZ{Z{X= ——___-——___.._.
  1. Summary of funds

Summary of funds - current year

Balance at
Balance at 1 31 March
April 2620 Income Expenditure 2021
£ £ £ £
Designated funds 40,000 - - 40,000
General funds 620,326 1,040,523 (957,768) 703,081
Restricted funds 1,522,794 522,136 (473,059) 1,571,871
Restricted funds - Class I 42,724 107,726 (97,869) 52,581
2,225,844 1,670,385 (1,528,696) 2,367,533
———— a ———————————— ———————_—__

iii

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Page 41

‘

CENTRE4 LIMITED

(A Company Limited by Guarantee)

ae er PC OG SE SPAT SS I SE SEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021		 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021		 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021		 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021		 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021		 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021		 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
ae
en
TEEN
23. Summary offunds (continued)
Summary offunds - prior year
Balance at
Balance at Transfers 317 March
1 April 20179 Income Expenditure infout 2020
£ £ £ £ £
Designated funds 40,000 - - - 40,000
General funds 203,986 646,363 (569,071) 339,048 620,326
Restricted funds 1,551,079 394,489 (422,774) - 1,522,794
Restricted funds - Class Il 101,132 292,062 (11,422) (339,048) 42,724
1,896,197 1,332,914 (1,003,267) - 2,225,844
24. Analysis of net assets between funds
Analysis of net assets between funds - current year
Restricted
Unrestricted Restricted funds - Total
funds funds class ii funds
2021 2021 2021 2021
£ £ £ £
Tangible fixed assets 477,319 1,408,752 12,201 1,898,272
Current assets 508,535 172,166 42,115 722,816
Creditors due within one year (211,523) (9,047) (1,735) (222,305)
Creditors due in more than one year (31,250) - - (31,250)
Total 743,081 1,571,871 52,581 2,367,533

a

Page 42

CENTRE4 LIMITED (A Company Limited by Guarantee)

.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

  1. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Unrestricted|Restricted| |funds|Restricted|funds|- class|Total| |2020|funds|il|funds| |£|2020|2020|2020| |£|£|£| |Tangible fixed assets|482,727|1,435,323|9,242|1,927,292| |Current assets|288 894|94,787|34,202|417,883| |Creditors|due within one year|(67,545)|(7,316)|(720)|(75,581)| |Creditors due|in more than one year|(43,750)|-|-|(43, 750)| |Total|660,326|1,522,794|42,724|2,225, 844|

----- End of picture text -----

  1. Reconciliation of net movement in funds to net cash flow from Operating activities

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Group|Group| |2021|2020| |£|£| |Net income for the year (as per Statement of Financial|Activities)|141,689|329,647| |Adjustments|for:| |Depreciation charges|52,447|49,773| |Dividends,|interests and|rents from investments|(124)|(638)| |Decrease/(increase)|in debtors|(218,822)|13,289| |Increase/(decrease)|in creditors|140,473|(45,362)| |Net cash provided|by operating|activities|115,663|346, 709| |26.|Analysis|of cash|and|cash|equivalents| |Group|Group| |2021|2020| |Cash|in|hand|£|£| |Notice|437|998| |deposits|(less than 3 months)|442,916|356,245| |Total|cash and cash equivalents|443,353|357, 243|

----- End of picture text -----

Page 43

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.

CENTRE4 LIMITED

(A Company Limited by Guarantee)

pce eae gS TS Ae OA OS SS Nn

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

i

27. Analysis of changes in net debt

At 1 April At 31 March
2020 Cash flows 2021
£ £
£
Cash at bank and in hand 357,243 86,110 443,353
Debtdue duewithin 1 year (6,250) (6,250) (12,500)
Debt due after 1 year (43,750) 12,500 (31,250)
307,243 92,360 399,603

28. Contingent liabilities

Certain restricted funds are subject to conditions by which the grants received may become repayable if these conditions are not met. It is intended that the conditions imposed by the grant funders will be met and the trustees are not aware of any reason why a grant spent as at 31 March 2021 may.be required to be repaid.

29. Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £11,999 (2020: £8,068). There were no contributions outstanding at the end of the period (2020: £2,173).

a Page 44

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CENTRE4 LIMITED (A Company Limited by Guarantee)

ie eee

enmeeenenennneennnenren en ee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

——-—

30. Operating lease commitments

At 31 March 2021 the Group and the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Group
2021		 Group
2020		 Company
2021		 Company
2020
E £ £ £
Not laterthan 1 year 294 1,022 294 1,022
Later than 1 yearand not laterthan 5 years 399 693 399 693
693 1,715 693 1,715

The following lease payments have been recognised as an expense in the Statement of Financial Activities:

Group
2021		 Group
2020		 Company
2021		 Company
2020
£ ,
£		 £ £
Operating lease rentals 1,022 1,022 1,022 1,022
Changes in lease payments arising from
COVID-19relatedrentconcessions - - - -

eee

Page 45

a

CENTRE4 LIMITED

(A Company Limited by Guarantee)

alr Pl PS i a NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

i

31. Related party transactions

During the year, the company entered into the following transactions with related parties.

E-Factor Group Limited A company in which M Webb (Trustee) is Managing Director. The company paid membership of £360 to E-Factor (2020: Membership £360, goods purchased £120). There were no amounts due to or from E-Factor Group Limited at the balance sheet date.

NHS, North East Lincolnshire Clinical Commissioning Group Group in which M Webb (Trustee) is the Chairman. During the year, the company received contract income of £206,949 regarding Social Prescribing (2020: £138,251 in contract income regarding Social Prescribing and £5,172 in room hire ) from NHS North East Lincolnshire Clinical Commissioning Group. During the year the company purchased laptops to a value of £Nil (2020: £3,600) from the NHS North East Lincolnshire Clinical Commissioning Group. At the balance sheet date, there were debtors of £17,000 (2020: £115) due from the group and creditors of ENil (2020: £3,600)

A Hames

Trustee During the year, the company recharged Mrs Hames E£Nil for photocopies (2020: £20.15) There were no amounts outstanding to or from Mrs Hames at the balance sheet date.

J Stockton Trustee During the year the company charged Mr Stockton ENil for room hire (2020: £100) There were no amounts outstanding to or from Mr Stockton at the balance sheet date.

32. Controlling party

The company is limited by guarantee and as such is controlled by its trustees who, acting as a body, totally controi all aspects of the running of the company.

i

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Page 46