THE ROY FLETCHER CENTRE.. ANNUAL FiEPORT AND FINANCIAL STATEMENTS 2023-24 The Roy Fletche.r C'eiitre FOR VOLuFifARYCAIUNG AGENCIES TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity numbar 1065777 Company number 03252842
THE ROY FLETCHER CENTRE.. ANNUAL REPORT AND FINANCIAL STATEMENTS 2023-24 CONTENTS Page Sectlon TRUSTEES ANNUAL REPORT Administration Introduction and background Our objectives and activities Delivering a public benefit Financial review Structure, governance and management Plans for future period Chair's Statement, Thanks and Acknowledgements 10 Trustees Responsibility Statement FINANCIAL STATEMENTS 11 Independent Examiner's report 12 statement of financial activities 13 Balance sheet 14.20 Notes to th& Financial Statements
THE ROY FLETCHER CENTRE.. ANNUAL REPORT AND FINANCIAL STATEMENTS 2023-24 TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 A> ADMINISTRATION Charlty Name Thg Roy Fletcher Centre Charlty registration number 1065777 Company reglstration number 03252842 Registered Office and Principal address The Roy Fletcher Centre 12-17 Cross Hill Shrewsbury Shropshire SY11JE Other operating address: Fletcher House 15 College Hill Shrewsbury Shropshire SY11 LY Trustees as at 31 st March 2024 MrA L Bain (Chair & Co Se¢} Cllr J E Clarke MrA Downton Cllr RA Evans Mrs Irene Ferguson Mrs E J Fletcher-cooper Ms .%ue Gorbing Mrs Margaret Pryce Mr T W Seston (Vice-chair) Mr P J Taylor Shropshire Council Shropshire Council Tenant Charity Representative Roy Fletcher Charitable Trust Tenant Charity Representative Chief Executive Mrs Jennifer Taylor Accountants TCA (Shrewsbury) LLP, Third floor, 21 St Mary's Street, Shrewsbury SY11 ED Bankers CAF Bank, 25 Kings Hlll Avenue, Kings Hill, West Malling, Kent, ME19 4TA Triodos Bank, Deanery Road, Bristol, BS15AS Shawbrook Bank, Lutea House, Warley Hill BP, The Drive, Great Warley, Brentwood CM13 3BE Flagstone Investrnent, 1st Floor, Clareville House, 26-27 Oxendon Street, London SW1 Y 4EL Solicitors Graham Withers & Co, Murivance House, Murivance. Shrewsbury, Shropshire, SY11JW
THE ROY FLETCHEFi CENTRE: ANNUAL REPORT AND FINANCIAL STATEMENTS 2023-24 B) Introduction The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report and financial statements of the Roy Fletcher Centre, for the year ended 31st March 2024. The Trustees confirm that the Annual Report and Financial Ststements 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 R8commended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable In the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). Since the charitable company qualified as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required. Background The Roy Fletcher Centre was established by the Roy Fletcher Charitable Trust (the Trust) set up by Roy Fletcher, builder and philanthropist of Shrewsbury. The Trust, administered by Roy Fletcher's son and daughters, acquired and converted the former Livesey Printing Works to fulfil their father's dream of providing a Centre for caring and charitable voluntary organisations in Shrewsbury. He wanted the charities to have a place where they could all be under one roof with high quality facilities without having to pay commercial level rents, thereby releasing more money for them to spend on delivering services to the community. The Roy Fletcher Centre building opened in January 1997 and in 2007 the Trust acquired a second building, number 15 College Hill, Shrewsbury, to provide additional office space to meet demand. This building was converted and opened as Fletcher House In 2009. C) OBJECTIVES ANDACTIVITIES Policles and Objectlves The Roy Fletcher Centre Is a charitable company whose principal objectives are to provide good quality affordable Offi accommodation and related ServIS for charitable and voluntary organisations for the benefit of the people of Shrewsbury. The main activities undertaken in relation to these charitable purposes are. The leasing of two buildings from the Roy Fletcher Charitable Trust (the Trust) at peppercom rents. One b8ing the The Roy Fletcher Centre and the other Fletcher House, and sub-letting the facilities to other charitable caring organisations. They provide a broad range of charitable services and support including, information and advi, counselling, support for families and Individuals. Some organisations have suites of offices and interview rooms, others have single offices or share office space. The West Shropshire Talking Newspaper has its own purpose build recording studio. The provision of a stsffed reception to act as a point of contact for the members of the public who visit the Roy Fletcher Centr@ for information about local services, to access the resident harities or to use the interviewlcounselling rooms.
THE ROY FLETCHER CENTRE; ANNUAL FiEPORT AND FINANCIAL STATEMENTS 2023-24 The making available of interview and counselling rooms, and meeting rooms for resident charities and other voluntary and community providers to hlre for meetings and training events. The meeting rooms are fully equipped with Wi-Fi and media equipment can be hired for meetings. Provision of IT learning to members of our community 65+ years. This project is run with generous financial support from Shropshire Council as part of their initiative to make the digital world accessible to all its residents and also the Lottery Community Fund. The RFC runs one to one sessions on a Wednesday and a drop-in session on a Thursday morning. Volunteers work for eight to ten weeks with a learner and progress is monitored as part of the commission and to ensure learners are covering all the basic skills they require. September 2023, the Roy Fletcher Centre entered a three-year partnership with Shropshir8 Council to continue delivering the above service and extending the criteria of those able to access the project, D) DELIVERING A PUBLIC BENEFIT The Centre provides a public benefit by: Providing low cost, purpose designed Offi and interviewlcounselling space for charities. Thereby enabling them to utilise more resources in delivering their various services to the commun5ty, particularly to those in need andlor who are disadvantaged. Creating opportunities for people to volunteer their services, principally assisting with the 65+ digital leaming. Assisting local charities to promote their activities and to fund raise, through the produGtion of newsletters and magazines, and display of posters and leaflets. Being recognised as a Place of Safety. During the year our Iwo buildings have provided a home for the following organisations Shrewsbury Food Hub Shrewsbury Homes ForAII Shropshire Inclusive Dance (SiD} The Roy Fletcher Charitable Trust West Shropshire Talking N8wspaper for the Blind Axis Counselling Branch Citizens Advice Shropshire Crane Quality Counselling Caritas Online Transport Archive Safe Ageing No Discrimination (SAND) The Charities employ some full/part-time staff but are assisted by volunteers. The services provided by tham have been beneficial to many people, and the extent and value of this supportive and preventatlve sorne of that work is outlined below. The RFC digital volunteers have donated 1,'850 hours during the year in providing help and advlce to tenant charities and members of the public in delivering the IT one to one learning or thmugh the drop-in sessions.
THE ROY FLETCHER CENTRE: ANNUAL REPORT AND FINANCIAL STATEMENTS 2023-24 Tenant charitles benefit from the service provided by the RFC as explained by some of thern.. SAND (Safe Ageing No Discrimination) Thanks once again must go to the Roy Fletcher Centre which provides safe, secure, friendly, professional office spac& to SAND. This is a place wher& w8, as a small not-for-profit organisation with a focus on the wellbeing of older and old LGB T+ people, can flourish. It is a huge bonus to be able to hire other rooms in the building at an affordable ratg - for events, one-to-ones, private zoom Galls, networking meetings as well as our monthly business mgetings. This helps us with our profile in the ¢ommunity as a trusted, reliable organisation. Sal Hampson - Director Branch Being a tenant at the RFC has been immensely beneficial to our clients and our org8nisation. The support from the RFC, coupled with the financial relief facilitated by Shropshi Council, allows us to allocate more resources directly to our service provision,. enabling us to enhance our services and better seThe our Glients, needs - Denisg - Head of Operations We have been tenants at the Roy FletGher Centre for a number of years and as a charity we are gratefvl for the rat8s concession applied to the premis8s as it allows more of our limited funds to directly relieve SiGkness and distress of suniivors of all fomis of sexual violence, hann, exploitation and abuse, with support extgnded to their families. Kay- Head of Finance Being a tenant at FletGher House (part of the Roy Fletcher Centre) enables our service (Purple Leafj to offer flexibility to our clients and familigs. For many reasons, some clients prefer to meet in a neutral space outside of their educational or residential setting. Having a meeting spaGp for the Ghildren and young people we support that is open around th8 year also means we can provid8 continuation of seNice and support during school holidays, vvhich is partlGularty beneficial during the long summer break. JessiGa - Training Facilitator Shrewsbury Food Hub Central location and late opening two nighf8 a week make the RFC an ideal location for meetings, in additson to providing our administrative centre. As an environmental organisation we love the low Gart)on electrtcity- in a hub with meetsng moms availab18 all at a reasoriabl8 rates and rent. Its great to bg hosted by a charity in an charity focussed 8nvironm8nt - Tony Gaskin - System Administrator Shrewsbury Homes forAII wort(s to help those who are homelgss, in housing need or who need help to avoid homelessn@ss. We do this by providing." Independent housing advice. Matching landlords and potential tenants and supporting both throughout the tenancy. A rent account scheme. A bond scheme to guarantee up to one month s rent as deposit for eligible applicants. Floating housing support. Telgphone drop in support These services link together to reduce homelessness in the Shrewsbury arFa and improve the quality of life for all who ccntact the charity. We are based within The Roy Fletcher Centre who provide office spaGe and facilities for charities and voluntary organisations. The centre not only provides our officgs and meeting rooms, but also a person-centred and professional working space where our team and clients are made to feel
THE ROY FLETCHER CENTRE: ANNUAL REPORT ANEI FINANCIAL STATEMENTS 2023-24 welcome. The building is well looked after and maintained, and you can see that all staff members take pridg in their workplaGe. Over the past year we have met with clients, tenants and stak8hold8rs in our office space and made use of The RFC meeting rooms service. The centre 17as helped to make this possible by adopting a flexible, groundgd, and inclusive approach. The location of the building is very central and makes this easier for us to direct clients and visitors to the other setyices within the Shrewsbury town centre. Any visitors we have are monitored by the Roy Fletcher Centre staff who liaise with our team regardi'ng appointments, to help ensure staff safety when lone working in the centre. This is an invaluable seryice which helps to safeguard our team, Trtain our client base, and helps those who are more vulnerable to feel at ease. The centre retains its wonderful reputation by offering great valug for money in temis of renting space and by offering maintenance and repairs in a timely and considerate mannpr. Our staff and clients feel safe and comfortable when working and accessing thg building and that is down to the fantastic management of the centre and its staff team. Joanne Gough, Chief Officer SID (Shropshire Inclusive Dance) We a the only inclusive contemporary dance organisation in Shropshire and beyond. Like a lot of arts charities, we struggle to fund our core costs so being able to hire a serviced office space at a cost that is in line with our budgets and fuiiding makes an enormous difference to our ability to Operate. Jo Wright, Managgr The West Shropshlre Talklng Newspaper (a charity established 1976) has been tenant of the RFC since it OP9ngd. Thg faciltii6S they offer of valug for money office space and a dedicated recording studio are vital to our continued woth in providing weekly and monthly news and features to those who are unable to access print. We also use their meeting spaces - centrally placed in the town - for Trustees and other meetings, as well being able to host events to engage our volunteers. Axis As a charitable organisation who is a Tenant of Fletcher House, I cannot express how grateful we are to the Roy Fletcher Centre for their deep understanding of the issues and strugglgs of Gharities. Being able to have a town-Gentre location at an affordable cost, is invaluable as rt gives our beneficiaries the option to travel by public transport, which many of them do. This wouldn't be possible with an out-of-town location. We wouldn't be able to afford the far more expensive GommerGial premises within thg town centre, so could not exist and service our beneficiaries in the way we do, without their support. In addition, th6 Roy Fletcher Centre, always puts the needs and difficulties of their tenants, at their heart of their decision making, whiGh is a rarity in Landlords. For this we are incredibly fortunate. Becky Jones, CEO Enabllng our tenants to assist people in need Many of the tenant charities have remained working on a hybrid basis. Those charities that offer advice have found they can assist far more people by doing telephone consultations rather than face to face where this is possible. Craating a welcomlng place to meet and to learn The meeting room use by external charities and community groups has still not returned to pre-covid numbers although we have new hirers as well as our tenant charities using the space. Revenue from the hire of the meeting rooms is £8,322. However, an allowance can be made to the cost of meeting room use from the Shropshlre Council grant for delivering the digital project of some
THE ROY FLETCHER CENTRE.. ANNUAL REPORT AND FINANCIAL STATEMENTS 2023-24 £2,756. Late night opening has remained on a Monday and Wednesday evening only. The meeting room at Fletcher House continues to be used by the tenant charities in that building. Quiet spaces for counselling Our counselling charities are seeing increasing numbers of young people being referred for therapy. We are fortunate that all the counsellors who hired counselling rooms on a sessional basis pre-covid have returned, This has resulted in an income from Couns811ing room hire of £24,579. Office seNices The Centre ofers photocopying and desk-top publishing of newsletters and flyers. Our admin stsff have also been providing a dictation transcribing service during the last year. Income for these services during the year was £9,057. Sharlng information, and promoting looal sources of advice and support The Centre is frequently used by the public seeking information and advice on local services and events, or to visit the tenant charities, with staff on reception able to direct them as appropriate. Information is made available via leaflets, the intemet and community naticeboards in the reception area. Helping people to get online and learn IT skllls 65+ With generous financial support from Shropshire Council and the Lottery Community Fund a project has been developed providing one to one tuition to those 65+. Learners bring their own device i.e phone, tablet, laptop and re1ve one hour a week tuition for up to ten weeks period they receive tuition from a volunteer. The funding has allow8d for the purchase of a tablet andlor wi-fi conn8Ctivity where none exists in a learners, home (there are criteria to qualify). The RFC runs one to one sessions on a Wednesday and a drop-in session on a Thursday morning. Volunteers work with a leamer and progress is monitored as part of the commission and to ensure leamers are covering all the basic skills they require. This project has now been extended for a further three years and the criteria extended to allow more people to take advantage of this free service. On the 22nd November 2023, we were very pleased to receive a visit from Mandy Thorn, High Sheriff of Shropshire and her husband Mark. We were able to show her how our digital project works and she met with some of our leamers and heard the difference this tuition was making to them. The visit was also about volunteers and the difference they make in our community. The Roy Fletcher Centre is extremely fortunate in having a very dedlcated team of volunteers. E) FINANCIAL REVIEW Going Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going conrn basis in preparing the financial statements.
THE ROY FLETCHER CENTRE: ANNUAL REPORT AND FINANCIAL STATEMENTS 202>24 Reserves Policy After setting aside a working balance of approximately 15 % of annual turnover to ensure that sufficient money is available for the day-to-day operation of the Centre, the Trustees reserves policy is to designate funds: a) for known or potential expenditure and liabilities and b) the long-t8rm repair and maintenance or renewal of the two buildings and their plant and machinery. The free reserves, calculated as the unrestricted funds less the designated funds, at the year end were £22,976 (2023: £53,903). F) STRUCTURE, GOVERNANCE AND MANAGEMENT a. Constitution The Roy Fletcher Centre is a charitable company limited by guarantee incorporated In September 1996 and registered as a charity on 13th November 1997. The Charity's M8morandum of Association sets out its objects and powers and its Articles of Association sets out its govemance. In the event of the Company being wound up members are required to contribute £1 . b. Method Of Appointment Or Election Of Trustees The directors of the company are also the Gharity trustees for the purposes of charity law and under the company's Articles are known as Trustees. The Articles provide that three Trustees are appointed (two by Shropshire Council and one by the Roy Fletcher Charitable Trust) and up to six Trustees are elected to the Board at the annual general meeting, four of which have traditionally been elected to represent the tenant charities. Other than the appointed Trustees, up to one third of the Trustees retire by rotation each year but are eligible for re-election. c. Pollcies Adopted For The Induction And Tralnlng Of Trustees All the Trustees have an interest in andlor are already involved in charitieslvoluntary organisations. They are therefore familiar with the roles, funding, management and regulation of charities. Additionally most of the Trustees have had a long association with the Centre and up to four of them are appointed by chan'ties based at the Centre arid thus have a sound understanding of the objectives and work of the Charity. On appointmentlelection new Trustees are given a briefing by the Chief Executive who is also available at any time to discuss any matters with the Trustees. organisational structure and declslon making The Trustees meet a minimum of quarterly per year and are responsible for strategic direction and policy. Day to day operational management of the Centre Is the responsibility of the Chief Executive who is also responsible for staff supeNision. The Chief Executive reports to and attends Board meetings. There is a stsnding Finance & General Purposes Sub-committee, and the Board also establishes smaller sub-groups from time to time to address particular issues, G) PLANS FOR FUTURE PERIOD The Centre will concentrate on its core business of proving affordable office space and meeting rooms in the heart of Shrewsbury. But in the process It will also seek to increase its ability to sell itself, broaden the seNices it provides and the people it reaches, through: Build on the new IT model that has been developed during the last year.
THE ROY FLETCHEFi CENTRE: ANNUAL REPORT AND FINANCIAL STATEMENTS 2023-24 Work in partnership with other external charities to provide means of accessing physical and mental wellbeing services Develop its ability to deliver services SUGh as a social meeting place or improve our position as a facilitator for other organisations to use our meeting rooms Being pro-active in looking for ways to work with others to meet, and to further the charitable objectives of the Centre. To follow on from the successful collaboration with Shropshire Council in IT delivery. Effective fund raising H) CHAIR'S STATEMENT AND THANKS AND ACKNOWLEDGEMENTS It is a pleasure to present the Annual Report and Account for the year 2023-24. a) Summary Operating the Roy Fletcher Centre over the past year has been somewhat less challenging than the year before although the effects of changes brought about by Covid-19 continue, principally the staff of some of our tenant charities working from home. Whilst this has not impacted the receipt of renuservice charges it has mgant the two buildings being quieter and the use of the meeting rooms still reduced but ameliorated somewhat by increased private counselling hire. However, the renewal for a further three years from 1 St April 2023, O'f the contract with Shropshire Council for the provision of the Digital Skills Programme has gone some way to making up the gap, with volunteers delivering this seNice on Wednesday and Thursday momings bringing a buzz to the Centre. We are indebted to our 10 volunteer IT instructors for their contributions as the need for everyone to be able to use IT to access most government and many other everyday services continues to grow. l am very pleased to say that due to our work with our tenants and partners the Centre ended the year in the black and we confidently look forward to the next year. b) Thanks and Acknowledgements l extend my sincere thanks to: Our tenant charities for their reliabilily in paying their rent and Servi charges and their support for the Centre. Our partners, especially the Roy Fletcher Charitable Trust for help with the cost of maintaining the buildings, and Shropshire Council for partnering the Digital Skill IT Project. Our IT volunteers, as referred to above, for doing all the real work of Instructing the learners on the Digital Skills Project, which would not happen without them. Our Chief Executive and all our staff, the office cleaners, caretakers and receptionists, whose contributions are essential for the smooth and efficient running of the buildings. Vice-chair Tery Seston and all the TrusteelDirectors for their work and support throughout the year. Alan Bain Truste8lDirector and Chair of the Board.
THE ROY FLETCHER CENTRE.. ANNUAL REPORT AND FINANCIAL STATEMENTS 2023-24 I) TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees (who are also directors of THE CHARITYfor the purposes of company law) are responsible for preparing the Trustees, rgport and the financial statements in aGcordance 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 year. 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently. abserve the methods and principles in the Charities SORP. make judgements and accounting estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with r8asonable accuracy at any time the financial position of the charitable 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 charitable company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees on... .and signed on their behalf by.. Trustee 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROY FLETCHER CE TRE Independent examlner's report to the trustees of Tha Roy Fletchar C8ntre ('the Company,) I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responslbllltlas and basis of roport As thè charity's trustees of the Company {and also Its dlrectr)rs for lh8 purposes of company law) you ar8 responslble for the prgparation of the accounts In accordance with the requirements of the Companles Act 2006 {'the 2006 Acr). Having satisfied Myse that the accounts of the Company are not required to b8 audited und8r Part 16 of the 2006 Act and are eligible for indep@ndent examlnation. I report in respect of my examlnatlon of your charilvs accounls ag carriad out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed Ihe Directions given by the Charlty Commission under Section 145(5) (b) of the 2011 Act, Independent axaminar's staternent I have completed my examinatlon. I confirm that no matters have come to my atlanlion in conn@ction with th8 examination glving me cause to believe: 8ccounting records were not kept in respect of the Company as requlred by Section 386 of th8 2006 the accounts do not accord with thosg r8cords: or the accounls do not comply with the accounting requlrements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view whic.h is not a matter considered as part of an independent examinafjon. or the accounts have not be8n prepar8d in accordance with the methods and principles of the Statement of Recommend8d Pr2ctic8 for accounting and reporting by charities (applicable to charities pparIng their accounts In accordance with the Financial Rèportlng Standard applicable in the UK and Republic of Ireland (FRS 102)). I hav8 no concerns and have com6 across no other matters in connection wlth the examlnation to which att8ntion should be drawn In thls report in order to enable a propér und8rstanding of (he 8ccounts to b8 reached. C Moelwyn-williams Bsc FCA TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED Date,. Page11
THE ROY FLETCHER CENTRE STATEMENT OF FIN NCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestrlcted Re5cted funds funds Not&s INCOME AND ENDOWMENTS FROM Donations and legacies 12,074 5,821 17,895 9,525 Charitable actlvltles G8neral 160,688 160,688 143,899 Investment income 8,919 8,919 1,390 Total 181.681 5,821 187,502 154,814 EXPENDITURE ON Charitable activities General 172 422 175,843 143,883 NET INCOME 9,259 2,400 11,659 10,931 RECONCILIATION OF FUNDS Total funds brought forward 217,617 3,421 221,038 210,107 TOTAL FUNDS CARRIED FORWARD 226 876 232 697 CONTINU114G OPERATIONS All Income and expenditure has artsen from continuing activitles. The notes form part of thes8 financial statements Page 12
Y FLET HER CENTRE STATEME OF FINAN 1 MARCH 2024 IT ON 2024 2023 Notes CURRENT ASSETS Dabtors Cash al bank 4,147 266 261 4,967 275,578 270.408 280,545 CREDITORS Amounts falling due wlthin one year 137,338) (36,964) NET CURRENT ASSETS 233.070 243,581 TOTAL ASSETS LESS CURRENT LIABILITIES 233,070 243,581 CREDITORS Amounts falling due aft8r more than one year 9 (21,745) PROVISIONS FOR LIABILITIES 10 (373) {798) NET ASSETS 232,697 221,038 FUNDS Unrestricted funds Restricted funds 12 226,876 5,821 217.617 3,421 TOTAL FUNDS 232,697 221,038 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year end8d 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 Acl 2006. The twste8s acknowledgè their responsibllitles for (a) ensuring that the charitable compony keeps accr)unting records that comply wtth S8Ctions 386 and 387 of the Companles Act 2006 and (b) preparing financial statements which glve a true and fair view of the State of affairs of the charitabl8 company as at the end of each financlal year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwlsa comply with the requlrements of the Companles A¢t 2006 relating lo financial slatements. so far as applicable lo the charltable company. These financial statements have been prepared in accordanca with Ihe provisions dpplicable to charitable companies subject to the small companies reglme. & flnancial statgments were approved by the Board of Trustees and authorlsed for Issua on and were slgned on its behalf by: Mr A L Bain- Trustee The notes form part of these financial statements Page 13
THE ROY FLETCHER CENTRE ES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basls of preparlng the financial statements The financial statements of the charitable company, which is a publiG benafll entity under FRS 102, have been prepared in accordance with th8 Charities SORP {FRS 102}'Accounllng and Reportlng by Charlties.. Statement of Recommended Practits applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlve 1 January 2019),, Financial R8POrting Standard 102 'The FSnancial Reportlng Standard £ppll¢ab18 In the UK and Republic of Ireland, and thg Companies Acl 2006, The financial statements have be8n prepared under the historical cost convention. Flnanclal reporting standard 102 - reducad disclosure exemptions The charitablo company has taken advBntage of the following disclosure exemptions in pr8paring th888 financial statements, as permltted by FRS 102 'Th8 FinanGial R8porttng Standard applicable in the UK and Republic of Ireland,: th8 requirem8nts of Section 7 Statement of Cash Flows" th8 requirement of paragraph 3.17{d)' the requirements of paragraphs 11.42. 11.44, 11.45, 11.47, 11.48{a)(iil), 11.48{a)(iv}, 11.48(bl and 11.48{c)- the requirements of paragraphs 12.26, 12.27, 12.29(a}, 12.29(bl and 12.29A; the requirement of paragraph 33.7. Income All Income ig CogniSed in the Statement of Financial Actlvities once th8 charity has 8ntillement lo th8 funds, it is probable that the incom8 will be received and the amount can be measured reliably. Expendltur8 Llabillties are recognlsed as expenditure as soon as thera is a 16gal or constructive obligatlon committing the Charity to that expandilurg, it Is probable that a trarisfer of economlc benefits wlll be required In settlomenl and the amount of the obligation can be measured rellably. Expenditure is accounted for on an accruals basis and has been classrfied under headings that aggregate all cost related to the category. Where costs cannot be directly attribut8d to particular headings they have been allocated to activities on a basis consistent with the use of r6sources. Taxatlon The charity is exempt from corporation tsx on its charitabla activities. Fund accountlng Unrestricted funds can be used in accordance wlth the charitable objecttves at the discretion of the trustees. Restrlcted funds can only be used for particular restricted purposes wlthln the objects of the charity. Restrictions arise when specified by the donor or when funds ara raised for particular restricted purposes. Further explanation of the natur8 and purpose of each fund Is Induded in the notes tr> th8 financial statements. Penslon costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Debtor5 Trade and other debtors aro recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepald net of any trade discounts due, Page 14 continu8d...
THE ROY FLEfcHER CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continuod Cash at bank and In hand Cash at bank and in hand includas cash and short-tsm hlghly liquid inveslm8nts with a short maturity of thr88 months or lass from the date of acquisltion or op8ning of the deposit or slmilar account. Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Baslc financial instruments are initially recognised at transaction value and Subsequently measured at theSr settlement value. Rèdundancy and tornirnatlon payments Redundancy and termination costs are recognlsed as an expense in the Statement of Financlal Activitiès and a liability on the Balanc8 Shoet Immedlately at the point the charity is demonstrably committed to either: terminate th8 employmant of an employee or groLJP of employees b6fore normal retirem6nt dale. or provlde terminatlon benefits as a result of an offer made In order to encourage voluntary redundancy, INVESTMENT INCOME 2024 2023 Investment incom8 8.919 1,390 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneratton or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no truste8s' expenses paid for the year ended 31 March 2024 nor for th8 year 6nded 31 March 2023. STAFF COSTS 2024 2023 Wages and salaries Other pension costs 100,548 2,694 91,108 1,930 103,242 93,036 Th@ averaga monthly number of employ@es during thg year was as follows-. 2024 10 2023 General No employeas recelved emoluments in excess of £60,000. The total remuneration of the key management personnel was £27,347 (2023: £25,068). Page 15 continued...
THE ROY FLETCHER CENTRE OTES TO THE FINANCIAL S ATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCiAL ACTIVITIES Unr8slricted Restricted funds funds Totsl funds INCOMEAND ENDOWMENTS FROM Donations and legacles 9,525 9,525 Charftablè actlvltles G6naral 134,899 9,000 143,899 Investment Income 1.390 1,390 Total 145,814 9,000 154,814 EXPENDITURE ON Cliaritable activities General 127,080 18,803 143,883 NET INCOMEI{EXPENDITURE) Transfer5 batW88n funds 18,734 1,224 (7,8031 10,931 Net movement in fund8 17,510 (6.5791 10,931 RECONCILIATION OF FUNDS Total funds brought forward 200,107 10,000 210,107 TOTAL FUNDS CARRIED FORWARD 217,617 3,421 221,038 TANGIBLE FIXED ASSETS Fixtures and fittings COST At 1 April 2023 and 31 March 2024 13,656 DEPRECIATION At 1 April 2023 and 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 Page 16 continued...
OY FLETCHER CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE Y AR ENDED 31 MARCH 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trad6 debtors Prepayments and accrued incoma 3,920 227 4.967 4.147 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors PAYEINI Credilor Accruals and deferred income 1,406 1,558 34,374 11,357 663 24,944 37,338 38,984 Deferred income due within one year includes £23.521 (2023: £22,907) recelved durlng the year, in relatlon to r8nt and service charges for th8 financial year ended 31 March 2025. {2023: Rent and service charges for the financial year ended 31 March 2Q24) CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2L123 Accruals and deferred income In the prlor year. d8ferred incom@ due in more than one year Included £21,745 received durlng the year gnded 31 March 2023, in r81ation to rent and service cherges for thf) financial year 8nd&d 31 March 2025. This amount has been moved Éo deferred incom3 due within one year in the accounts for the year ended 31 March 2024. 10. PROVISIONS FOR LIABILITIES 2024 2023 Provisions 373 798 The charity operates a defined benefit P6nsion scheme bul is unable to identify its separate assets and liabilities. Therefore in prior years the scheme has been accountsd for as a defined contribution scheme in accordance with FRS 102. The charity is paying separately identifiable deficit benefit payments and therefore under FRS 102 and the 2015 SORP it is possible to calculate a provision based on these deficit payments. For more detail see not8 14. Page 17 continued...
THE LEfcHER CENTRE NOTES TO THE FINAN IAL STATEMENTS - contlnu FOR THE YEAR E DED 31 MARCH 2024 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total funds Unrestricted Restricted funds funds Current assets Current Ilabilitlas Long term Ilabilities Provislon for Ilabllltles 264,587 137.338) 5,821 270,408 (37,338) 280,545 136.964) {21.745) 226,876 5,821 232,697 221,038 12. MOVEMENT IN FUNDS Net movement in funds Transfers b&iween funds At 31,3.24 At 1.4.23 Unrostricted funds General fvnd Deslgnated - Red9¢0ration and renewals Designated - Statutory redundancy Designated - Long term property malnlenance and r8n8wal Designa18d Continuity fund 53,903 26,073 157,000) 22,976 25,000 23,000 (15,888} (926} 20.000 29,112 22,074 65,714 50,000 30,000 7.OQO 95,714 57,000 217,617 9,259 226,876 Restricted funds Free devices fund The National Lottery Fund 3.421 (3,421) 5.821 5.821 3,421 2,400 5.821 TOTAL FUNDS 221,038 11,659 232.697 Net rnovement in funds. Included In the above are as follows,. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund Designated - Redecoration and renewals Designated - Statutory redundancy 181,681 (155,608) 26,073 {15,888) 926 (15,8881 181,681 (172,422) 9,259 Restricted funds Free devices fund The National Lc)tt6ry Fund {3,421} (3,4211 5,821 5,821 3,421 2,400 TOTAL FUNDS 187,502 175 843) 11,659 Page 18 conttnued..,
THE ROY FLETCHER CENTRE TES TO THE FINANCIAL STATEMENTS . ¢ontlnuod FOR THE YEAR ENDED 31 MARCH 2024 12. MOVEMENT IN FUNDS - continued Comparatives for rnovemgnt In funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund Designated - Redecoration and renewals Designat8d - Statutory r8dundancy Designated - Long term property maintenance and renewal Designated - Continuity fund 66,023 18,734 (30,854} 53,903 25.000 21,000 25,000 23,000 2,000 58,084 30,000 7,630 20,000 65,714 50,000 200,107 18,734 {1,224) 217,617 Restrlcted funds Restricted grant fund Shropshlre Council - IT leaming dellvery Free d8vices fund 1,000 11,000) 7,000 2,000 18,224} 1,421 1,224 3,421 10,000 1,224 3.421 TOTAL FUNDS 210,1D7 10,931 221,038 Comparative net movement in funds, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestrl¢ted funds General fund 145,814 (127,0801 18,734 Restricted funds Restricted grant fvnd Shropshire Council - ET learnlng delivery Free devices fund (1,000) (1,ODO} 7,000 2,000 {15,224) 18,2241 1,421 9,000 16,803 7,803) TOTAL FUNDS 154,814 143,883) 10,931 RESTRICTED FUNDS Th& National Lottery Fund represents funding received to part fund a restrictsd IT project. The r8Stricted grant funds received were for refurbished devices and IT learnlng delivery. £3,421 was returned during the year ended 31 March 2024. This amount was allocated for free devicesldata that was not spent. Page 19 continu8d.-.
THE ROY FLETCHER CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 12. MOVEMENT IN FUNDS - contlnued DESIGNATED FUNDS Th8 redecoratlon and r8n8wals fund is to pay for major radecoratlon and renewals work when these are required to fulfil the charity's obllgatlons under the terms of its leases and to replac8 major items of essential furniture and equipment. This has been partially spent in the year ended 31 March 2024 to fund an LED Lighting upgrade. At thg end of this ftnancial year. the board designated a further £20,000 for redecoration and renewals work. The statutory redundancy fund is money identified to cover statutory redundancy payments should the need arisa, The long term property and malntenance renewal fund relates to money needed In the longer tenn to maintsin the buildings and to replacglr8new major items of plant and facilities. The continuity fund, as explained in the Trustees R8port. follows th8 Board's decision to set aslde a working balance of approximately 15.10 of annual income to ensure that sufficient money is available for the day to day operalions of the charitable company. 13. EMPLOYEE BENEFIT OBLIGATIONS The employees are m8mb@rs of the TPT Retirement Solutions Scheme, a multi-employer defined b8n@flt scheme. It is not possible for the charily to identify its share of the current assets and liabilities of the scheme and therefore it Is treated as a defined contnbution scheme in accordan with the SORP. Th8 assets of th6 sch8m8 ar8 held separataly from thosa of the charitabl@ company In independently administered funds. The pension cost charge represents contributlons payable by the charitable company to the fund, after adlustlng for the movement on the provision noted below and amounted to a charge of £2,694 (2023: charge of £1,930) The scheme Is in deficil and the charitable company has agreed a deficit funding agreement and therefore a liabllity for this obligation has been sccounted for.The amount reoognis&d is the n8t pres&nt value of the deficit reduction contributions payablg under this agreement. Th8 discount factor Used was 5.31°/. (2023,. 5.520/¢). 14. RELATED PARTY DISCLOSURES Mrs E J Fletcher-cooper, Trustee, is also a Trustee of th6 Roy Fletchor Charitable Trust, from whom the charity lease their buildings. During the year a peppercorn rent of £220 (2023: £283) was paid to the Trust. The Roy Fletcher Charitable Trust rented office spac8 from the Roy Fletcher Centre durlng this financial year and paid the charity £110. During the year, the charity r8C8ived donations totalling £6,960 (2023: £4,858) from Mr A Downton, a Truste&, in relation to use of the Roy Fletcher Centre Office facilities. Page 20
THE ROY FLETCHER CENTRE DETAILED STATEMENT F fiNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legacl8s Gr8nts 17,895 9,525 Investment Income Investment Incom9 8,919 1,390 Charltsbl8 activities Charitable Income 160,688 143.899 Total incomlng resourcgs 187,502 154.814 EXPENDrruRE Charltable a¢tlvltl8s Wag8S Pénsions Coffee Shop Digltal Skills expenses Return Of restricted funds 100,548 2,694 36 92 3,421 91,106 1,930 156 106,791 93,192 Support costs Other Electricity Gas Insurance Telèphone and Internet Postage and stationery Sundri&s Malntgnanc8 and Equipment Other expenditure Payroll costs Photocopier Professional fee8 Refuse and recycling Water Cle8nlng & Gonsumab18S Repeirs & renewals Training and welfare Independent Examiners fee Bank charges 13,185 9,234 3,801 1,794 626 1,168 7,752 884 534 2.747 287 2,034 4,074 1.521 17.804 7,101 10,995 1,611 1,876 599 1,249 11,756 662 585 4,417 373 2,042 2,768 1,236 1,695 280 925 521 971 636 50,691 Total resources expended 175 843 143,883 Net income 11.859 10,931 Thls page does not form part of the statutory financial statements Page 21