The Fielden Centre Association
(A company limited by guarantee)
Annual Report
&
Financial Statements
For the year ended 31[st] October 2023
Company number 3652969
Charity number 1073420
Index
| Company Information | 1 |
|---|---|
| Directors Report |
2 |
| Finances |
3 |
| Income and expenditure account | 4 |
| Balance Sheet |
5 |
| Notes on financial statements |
6 |
The Fielden Centre Association
Company Information For the year ending 31[st] October 2023
Directors
William Griffiths Susan Thornton Gail Allaby Keith Coates Jennie Coleman Jane Liddell Margaret Whiteley Leye Oladapo
Company Officers
Chairman William Griffiths Company Secretary &Treasurer Keith Coates
Registered Office & Principle place of Business
The Fielden Centre, Ewood Lane, Todmorden, Lancashire, OL14 7DD
Bankers
TSB plc
Yorkshire Bank
1
The Fielden Centre Association Directors Report
For the year ending 31[st] October 2023
The directors, who are trustees of the charity, present their annual report and financial statements for the year ending 31[st] October 2023.
Status and Administration
The company is a registered charity and a company limited by guarantee and governed by its Memorandum and Articles of Association.
Charitable Objectives and Principal Activities
Objectives
1. To promote the benefit of the inhabitants of Todmorden and the neighbourhood thereof without distinction of sex, sexual orientation, race or of political or religious or other opinions, by associating together with the said inhabitants and the Local Authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and other leisure time occupation with the object of improving the conditions of life of the said inhabitants.
2. To secure the establishment of a community centre (hereinafter called The Fielden Centre) and manage the same, whether alone or in co-operation with any Local Authority or other person or body in the furtherance of these objects.
Activities
The Association provides an affordable venue for a variety of cultural, educational and training, heritage, environmental, social and community, and charitable events. The centre is used by a wide range of local and community groups including a play group , various University of Third Age groups ,Age Concern meditation group ,choral singers and many others.
Directors (Trustees) Appointment and Retirement
The Directors (Trustees) are appointed by members at the Annual General Meeting.One third of the Trustees (those who have served longest) retire annually. They may be re-elected.
Officers are appointed by the Trustees. There are currently three positions: Chairman; Company Secretary; Treasurer.
Overview of the Year
There was a steady increase in income from lettings from hire fees but total income was only slightly higher because the previous year benefited from grant aid. As a result of increased expenditure there was deficit on the year and consequently a fall in funds at the end of the year.
Although the centre is well used there is some potential for some additional use and has the hire fees remain relatively low compared with other venues there is potential for some increase to produce additional income without compromising the aim of being affordable to a wide range of groups.
Finances
Directors Responsibilities
Company Law requires all directors to prepare financial statements for each financial year which give a true and fair view of state of the company and the surplus and deficit of the company for that period. In preparing those statements the directors have:-
-selected suitable accounting policies and applied them consistently.
-made judgements and estimates that are reasonable and prudent.
-stated whether accounting standards are followed, subject to any material departures disclosed and explained in the financial statements.
-prepared financial statements on an ongoing basis
Funds
Funds held by the company are detailed in the notes to the accounts.
Small Company Provisions
This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.
Signed on Behalf of the Board
William Griffiths
Chairman
Date
3
Statement of Financial Activities (including income and expenditure accounts) for the year ending October 31[st] 2023
Income 2023 2022 £ £ Donations /Subscriptions - 135 290 Hire Fees - 29960 28420 Grants 1250 Interest 15 15 Refund Eon - 64 - ________ Total Income 30110 30039 Expenditure Rent 2400 2400 Building Insurance 730 650 Insurance(PL/contents) 246 244 Heating /Lighting etc 2644 2428 Water Rates 967 1283 Volunteers Gratuities 14237 13573 Cleaning 2681 1798 Building Repairs/maintenance 2728 2898 Gardening 821 520 Telephone/IT 2120 449 150[th] Year Event - 450 Furniture/Equipment 1762 876 Fire Protection 429 293 Sundries 340 250 Refunds 129 380 ________ Total Expenditure 32234 28492 Balance Inc. /Exp. - (-2124) 1547 Reconciliation of Funds Funds Brought Forward - 9577 8030 Funds Carried Forward - 7453 9577
All activities relate to ongoing activities There are no recognised gains or losses other than those shown above. The notes on pages 5 and 6 form part of these financial statements.
4
Balance Sheet at 31 October 2023
| Tangible Fixed Assets Leasehold Land &Buildings Current Assets Cash at bank/in hand Current Liabilities Other Creditors Net Current Liabilities |
2023 2022 £ £ 48044 54049 7453 9577 - - |
|---|---|
| Net Current Assets Funds Unrestricted Funds Restricted Funds |
__55497_ 7453 48044 55497 |
63626 9577 54049 |
|---|---|---|
| 63626 |
The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of Section 477, and that no member or members have requested an audit pursuant to section 476 of the Act. The directors acknowledge their responsibility for:
ii) Ensuring that the company keeps proper accounting records which comply with section 338 of the Act, and
ii) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
These financial statements were approved and signed by the directors and authorised for issue on May 10[th] 2021.
5
The Fielden Centre Association Notes forming part of the financial statements for the year ended 31 October 2023
1 Accounting policies
Basis of accounting
There has been no change to the accounting policies since last year. The financial statements have been prepared using the historical cost basis of accounting and on the accruals basis and in accordance with applicable United Kingdom Accounting Standards, the Statement of Recommended Practice “Accounting and Reporting by Charities “issued in March 2005 (SORP 2005) and the Companies Act 2006.
Hire Fees
Hire fees income is included in incoming resources on an accruals basis.
Grants Receivable
These are credited to the income and expenditure account on an accrual basis.
When donors specify that grants are for particular purposes, this income is included in incoming resources of restricted funds when receivable.
Resources Expended
Leasehold land and buildings
Leasehold land and buildings are recorded at cost.
Amortisation
The leasehold land and buildings are amortised over the unexpired period of the lease. The rate is 4% straight line.
2 Long leasehold land and Buildings
Cost and net book value at October 31 2022 £54049 Amortisation for the year £6005 Cost and net book value at October 31 2023 £48044
Trustees are not remunerated and no expenses were paid.
6
To whom it may concern
9 October 2023
Annual Accounts of Rochdale Society of Model Engineers for the year ended 30[th] September 2023
I have examined the accounts and confirm that I am satisfied that they represent a true record of the financial affairs of the organisation. I am satisfied also that all necessary records are kept and have been made available for examination.
Keith G. Coates
Fielden Centre Association
Independent examiner`s report to the trustees of The Fielden Centre Association on the accounts for the year ended 31[st] October 2023
As a result of the examination of the above accounts I am satisfied that all necessary accounting records have been kept and there are no matters to which attention should be drawn.
Signed
Andrew Robertson
4
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