2024-03-20-accounts - Talacre Community Centre Trust

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TALACRE COMMUNITY CENTRE TRUST

Financial Statements For the Year Ended 20th March 2024

Charity Number 1075227

TALACRE COMMUNITY CENTRE TRUST

Index To The Financial Statements

For the Year Ended 20th March 2024

Page Charity Information 2 Trustees’ Report 3-4 Independent Examiner's Report 5 Receipts and Payments 6 Notes to the Financial Statements 7

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TALACRE COMMUNITY CENTRE TRUST

For the Year Ended 31st March 2019

CHARITY INFORMATION

e TRUSTEES

e- David Hemingway e Trevor Greenwood e John Walpole - David Benson

CHARITY NUMBER

BANKERS

1075227

HSBC 23 Wellington Road Rhyl LL18 1BB

CONTACT INFORMATION

The Villa Gamfa Wen Road Talacre Holywell CH8 9RT

TALACRE COMMUNITY CENTRE TRUST

Trustees’ Report

The Trustees present their annual report with the accounts of the charity for the Year Ended 20th March 2024.

THE OBJECTS OF THE CHARITY

The objects of TALACRE COMMUNITY CENTRE TRUST (hereinafter referred to as TCT) are:

(A) TO PROMOTE THE BENEFITS OF THE INHABITANTS OF TALACRE AND THE NEIGHBOURHOOD TOGETHER DEFINED AS PER THE ELECTORAL REGISTER (HEREINAFTER CALLED "THE AREA OF BENEFIT) WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS, BY ASSOCIATING TOGETHER THE SAID INHABITANTS AND THE LOCAL AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS 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;
(B) MANAGE THE TALACRE COMMUNITY CENTRE TRUST IN CONJUNCTION WITH FLINTSHIRE COUNTY COUNCIL;
(C) ESTABLISH, OR SECURE THE ESTABLISHMENT OF, A COMMUNITY CENTRE (HEREINAFTER CALLED "THE CENTRE") AND TO MAINTAIN AND MANAGE THE SAME (WHETHER ALONE OR IN CO-OPERATION WITH ANY LOCAL AUTHORITY OR OTHER PERSON OR BODY) IN FURTHERANCE OF THESE OBJECTS.
(D) PROMOTE SUCH OTHER CHARITABLE PURPOSES AS MAY FROM TIME TO TIME BE DETERMINED.
In planning our activities for the year we kept in mind the Charity Commission’s guidance on public benefit at our trustee meetings. The Charity meets the Charity Commission's public benefit criteria under both the advancement of education, the advancement of citizenship or community development headings.

GOVERNANCE AND MANAGEMENT STRUCTURE

The Governing Document for TCT is

CONSTITUTION ADOPTED 18 JUNE 1998

Trustees are appointed by the members, on a rolling programme, to serve for at least one year but may be re-elected or re-appointed.

The administrative work of the TCT is carried out by the executive committee or by delegation to a sub-committee who report to regular Trustee meetings. Meetings are normally held six times a year at the village hall offices and at the Annual General meeting. They aim to make decisions together. Dates and times of these meetings are published.

ACHIEVEMENTS AND PERFORMANCE IN THE YEAR

TALACRE COMMUNITY CENTRE TRUST continues to be a popular venue for adult and children’s education. We were particularly pleased to host a Warm Hub that not only reduced local social isolation but provided a key resource to link to other charities and organisational support.

We had several fundraising events including summer and winter fayres, social evenings held for the benefit of the local community. The centre has also been hired by a number of individuals and groups throughout the year including bingo sessions, school groups on natural history visit to the surrounding dunes and beach, church groups.

With the support of FLVC we have been successful in securing a number of grants from Burbo Bank Community Extension fund, Gwynt y Mor community fund and Flintshire shared community fund for work to improve the fabric of the building as well as improve our energy efficiency and environmental sustainability. The work is ongoing with the trust having restricted funds available at the end of the year which will only be fully accounted for in year ending 2025

PLANS FOR FUTURE PERIODS

We will continue to be used for social welfare and related activities. The Committee will continue to hold events to raise money towards the running cost. TCT will endeavour to increase the involvement of local residents in activities and in involvement in the running of the organisation itself.

A major focus will be to carry out all the works for which grant funding has been obtained including replacement of the external rendering on the building with remedial on larger cracks which have formed in the building, installation of PV solar panel in conjunction with micro generation system and replacement of existing lighting with energy efficient LED lights. We anticipate this work to be completed in the next year.

FINANCIAL REVIEW

TCTs' policy on reserves is to hold sufficient resources to continue the charitable activities of the TCT should income and fundraising activities fall short.

Any surplus funds which are not likely to be needed to pay for activities are placed on deposit to earn interest.

Furthermore there is an ever increasing need for us to ensure that those to whom we direct our resources are the most suitable recipient and that we continue our prudent management of outgoings.

We need to increase these unrestricted funds in order to meet any unforeseen expenditure that may occur, for example equipment repairs/replacement.

Approved by the Trustees on 29" June 2024 Signed on its behalf Dey

Independent Examiner's report to the Members of TALACRE COMMUNITY CENTRE TRUST

I report on the accounts for the Charity for the year ended 20th March 2024, which are set out on pages 6 to 7.

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

e examine the accounts under section 145 of the Charities Act,
e to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
e to state whether particular matters have come to my attention.

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

In connection with my examination, no matter has come to my attention

which gives me reasonable cause to believe that in, any material respect, the requirements:
e to keep accounting records in accordance section 130 of the Charities Act; and
e to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met ; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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TALACRE COMMUNITY CENTRE TRUST

Receipts and Payments Account For the Year Ended 20th March 2024 Statement of Financial Activities

Receipts and payments accounts CC16a For the period Period start date T Period end date from 21/03/2023 ° 20/03/2024

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||||||||| |---|---|---|---|---|---|---|---| |Section|A|Receipts|and|payments| |Unrestricted|Restricted|Endowment| |hinge|funds|funda|Total funds|Last year| |totheoe|to the|nearest £|to the nearest £|to the|nearest £|to the|nearest£| |Ai|Receipts| |Room|Hire|ee| |ee| |Events|ee|Oo| |Interest|SSS|oe|]| |Co|:| |Sub|total (Gross income|for|8,636|32,808|41,444|7,505| |AR)| |A2|Asset and|investment|sales,| |(see|table).| |Sub total|——|es—| |A3|Payments| |Os|_as5| |Bees|||{2a| ||| |Ss|rs| |es|||ss| |ee|ee)| |en ee|ee| |yj [|ss| |Fy| |Sub|total|eet|||||[ee)]| |A4|Asset|and|investment| |purchases,|(see|table)| |as Eee| |Net of receipts/(payments)|[2088]|[=| |ASTransfersbetweenfunds||||| |AG Cash funds|last|year|end|OO| |Cash|funds|this year end|_____25:225|a|ates|

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Section B Statement of assets and liabilities at the end of the period

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Unrestricted Restricted Endowment
funds funds funds
to nearest £ to nearest £ to nearest £
Account se37,146
aan
Total cash |
funds 50,107
(agree balances with
receipts and payments
account(s))
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Signed by one or two the trustees

approve 7 aee

TALACRE COMMUNITY CENTRE TRUST

Notes forming part of the Financial Statements for the Year Ended 20th March 2024

1 ACCOUNTING POLICIES

Basis of Accounting

The Financial Statements have been prepared in accordance with the guidelines of the Charity Commission on a receipts and payments basis.

2 FUNDS

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Unrestricted Funds

The Trustees have resolved that the financial reserves of the Charity should be reviewed on a regular basis and that adequate provision is made for unforeseen expenses whilst also being minded that reserves should not be held without valid reason.