2024-03-31-accounts

Registered Charity No 1075233 Company No 03741462 THE PIP CENTRE A COMPANY LIMITED BY GUARANTEE UNAUDITED REPORT AND FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Doc ID: 6455cf88d10f337be64298bb6f8d5a611e3b8f18

THE PIP CENTRE A COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Contents Pages Trustees Report Legal and Administrative Information Independent Examiners Report Statement Financial Activities Balance Sheet Notes to the Accounts 7-10 Doc ID: 6455cf88d10f337be64298bb6f8d5a611e3b8f18

THE PIP CENTRE TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The accounts have been prepared in accoTdance with the accounting policies set out in note 1 to the accounts and comply with the trLasl's governing document. the Companie5 Act 2006 and"Accounting and Reporting by Charities.. Statement of Recommended Practice applicablc to charities preparing their accounts in accordance with the Financial Reporting Standard applicable inlhe UK and Republic of Irel8n IFRS1021' las amended for accounting period commencingfvom 1 JanL5ary 20161 Constitution. Organisational Structure and Objectives The PIP Centre was incorporated as a company limited by guarantee on 25 March 1999 and as such is governed by its Memorandum and Articles ol Association. The company is reElStered with the Charity Cotnmission for Englalld and Wales. The objectives of the charity are to provide and malntain a centre to plovide facilities for the recreatTron, education and care of Ihe ptJbliG in South Molton and the surrounding area. The directors who control the Charity and carry out the administiative duties are listed on page 2. In planning our activitios we have kept in mind the Charity Commission's guidance on public benefit and have followed this guidènce to demonstrate the charitablc aims are for the public benefit. Achievement5 and Pertormance Thp PIP Centre continijes to deliver a resou¥ce to oYg8nisations delivering services to child¥eTr and farnilies in the SoL4th Mnlton Arp<?. Wlth Tarka Tots conlinuing 10 run 3 quality nur5erywith an Fntegrated approach supporting fainilics aLltside the nursery provision reniil. The Health V4Sitors continue to use the rentie to undettake earEy ye8¥S cli•c.ks with babies and young children. Wo havf. m8na8ed to stoer the organisation through ènolheryearof challenges. Our greatest tfi&l is thp heating, and once we have conquered that. we W4ill hopefullybe on a much more stable footing. We conrin￿e to eXperie￿Ce frustrations Wlth the grant applicalion system lo¥ the upgradp of the heating SyStp.m. It has been very time consuming obtaining sDeriali8l quole5 for the centre only to be ler down by Enp¥gy 361 apdln. Fhe heatiny 15 a fundamentèl issue foi thc centic. with the old system and the oosts Involved, we cannot makL Ihe pgr¢iiJes we n8eO lo thp rest of the centre. Wp ate nuw til a sloge where we need tothink about howto step up with appliG#tions #TTrd we are actwely seeking a voILriteerltrustee tts apply lor grants who can hplp with thi5. All our costs have Tisen. and we havo sought the best value for money services we can t5r>d. NiL.k Lork continues to do an excellent job ol keeping the centre looking clean and cared fof, for which maTry tl78nk5. Alsc), thanks t() the Trustees fo¥ Ihei¥ continuing support. Trish and I hdve now bgen involved wilh the Pip Cenire tor moro than 33 yeaTS. Aloiigsidp continutrrgto deliver a quality resouice foi the communityover the next ye8F we will continue to be focusing on grrint funding. Trnstee5 and their Interests The members of the Charity are directors lor the purposes of company law and trustees for the purposes of charity law. No directors hold shares but they have all guaranteed to pay an amount not exceeding £1 in the event of the Charity ceasing and there beir%g a deficiency. The trustees are appointed by 8 derrEocratio process. Doc ID: 6455cf88d10f337be64298bb6f8d5a611e3b8f18

Future Strategies The Charity plans to continue to provide a venue fo¥ the community having upgraded tacilities during the year. Ae5uIts The result8 fnr tho year 8re a5 stated in the attached financial statements. A net deficit of £7.082 ar05e this year. Reserves These ￿re held at 8 level which enables the Charity to Garry Olrt its objectives. Risks The trustees have reviewed all known risks and have satisfied them5elve5 that there are adeqtjate systems and procedures in place to miligate thc risks identified. The report otthe trustees has been prepared in accordance with the special provisions of part 15 of tho Companies Act 2006 relating to small comp8nies and the Staternent of Recornrnendcd Pr8cticc- Accounting and Reporting by Charitie5. ON BEHALF OF THE BOARD Pauline Newell Director Date: 1711212024 Doc ID: 6455cf88d10f337be64298bb6f8d5a611e3b8f18

THE PIP CENTRE LEGALAND ADMINISTRATIVE INFORMATION Directors N Lock PLHyde P A Newell J Petts Secretary Chairman Treasurer Charity No 1075233 Company No 03741462 Bankers HSBC 10 High Street Barnstaple Devon EX31 1BQ Independent Examiner Andrew Coates Registered Office Central Park Mill Street South Molton Devon EX36 4AS Doc ID: 6455cf88d10f337be64298bb6f8d5a611e3b8f18

THE PIP CENTRE Independent Examiner's Report to the Trustees of the Pip Centre Year Ended 31 March 2024 I report to the Trustees on my examination of the financial statements of The Pip Centre (the charity) for the year ended 31 March 2024. Responsibilitie5 and basis of report As the tru5tee5 of the charity you are responsible for the preparation of the financial Statements in accordance with the requirements of the Charities Act 2011 (the Actl. I report in respect of my examination of the chafity's tinancial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the charitt.es Commi55ion under section 14515llbl of the Act. Independent examiners statement I have completed my examination_ I confirm that no material matters have come to my attention in connectio with the examination giving me cause to believe that in any material respect.. Accounting records were not kept in respect of the charity as required by section 130 of the Act or The financial statements do not accord with those records or The financial statements do not comply with the applicable reqU1￿MentS concerning the form and content of the accounts set out in the Charities IAccount5 and Report51 Regulations 2008 other than any requirement that the account5 give a 'true and fair. view which is not a matter considered as part of an independent examinatr"on_ I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. A.C.((JlknE Doc ID: 6455cf88d10f337be64298bb6f8d5a611e3b8f18

THE PIP CENTRE STATEMENT OF FINANCIALACTIVITES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Geneml Unrestricted Restricted Totol Tothl Funds Funds Funds Funds 2024 2024 2024 2023 Notes Income and Endowments from Voluntary Income 50 50 Charitable activities 25,600 25,600 35.379 Total Income 25.650 25,650 35.379 Expenditure Charttable Bctivitie5 32,732 32,732 30,787 Total expenditure 32,732 32.732 30,787 Net Income/le¥penditure for the year before transfers 17,0821 17.0821 5787 Transfers between funds Total funds brought forwar(J 226.945 4.863 231,808 Total funds carried forward 219,863 4.863 224.726 231,808 The statement of financTal activities included all gains and losses in the year. The statement of financial activities èlso complies with the reouirements for an income and expenditure accounl underthe Cornpanies Act 2006. All income and expenditure derives from continuing activ¢ties. Doc ID: 6455cf88d10f337be64298bb6f8d5a611e3b8f18

THE PIP CENTRE BALANCE SHEET AS AT 31 MARCH 2024 Note 2024 2023 Fixed A55ets Tangible Assets 222,398 225,220 Current Asset5 Debtors iio 1,250 7.433 Cash at bank and in hand 5,554 Creditors Falling due within one year 3,336 2.095 Net Current A55ets 2,328 6.588 Net Assets 224.726 231,808 Capital and Reserves Unrestricted Income Fund5 li 219.863 4,863 226,945 4,863 Re5tTlCted Income Fund5 Total Reserves 224,726 231,808 Forthe year ending 31 March 2024. the company was entitled to exemption frorn audtt under section 477 of the Companies Act 2006 relaling to small companies. The members have not required the companyto obtain an audit in accordance wlth section 476 ofthe Companies Act 2006. The directors acknowledge theiT responsibilityfor complwngwth the requirements of the Act with re5P¢Ct to accounting refjords 3nd lor the prpparation of the accounts. These accounts have been prepared in accordance with th8 provisions applicable to ¢ompanie5 Subject to the 5mBII companies regime and in attCOTdance with FRS102 SORP. ON BEHALF OF THE BOARD Pauline Newell Director Date 1711212024 Doc ID: 6455cf88d10f337be64298bb6f8d5a611e3b8f18

THE PIP CENTRE NOTES TO THE ACCOUNTS-YEAR ENDED 31 MARCH 2024 ACCOUMllNG POLICIES The accounts have been prepared in accordance with the tTUSt's governing document. the Companies Act 2006 and 'Accounting and Reporting by charities: statement of Becomm8nded Practice applicable to charities preparing their accounts in accordance. with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021" las amended for accounting periods commencing from 1 January 20161. The trust 15 a Public Benefit Enttty as defined by FFIS 102. The trust has taken advantage of the provisions in the SORP lor charities applying FRS 102 UpdatE BLJlletin 1 not to prepare a Statement of Cash Flow5. Asset Policy Fixed Assets purchased tor continuing use by the charity for the furtherance of its objectives are capitalized at cost and dep￿cIated over their economic lives. Depreciation Tangible fixed assets are written off overtheir uselul economic lives a5 follows= BtJildings- 1% on a straight-line basis. Fixtures, ftttings & equipment - 15% on a redtjcing balance basis Fund accounting General funds are unrestricted funds which are avaTrlable for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated fof OtheT purposes. Restricted funds are funds donated for use a restricted area. Income Recognition All incoming resources are included in the SOFA when the chartty has entitlements. to the income. it is probable they w*ll re¢eive it and the amount can be meaSU￿d reliably. Donated services and facilities are included at the value to the charity where this can be quantified. The value of seryices provided by volL¢nteers has not been included in these accDunts. Expenditure recognition Expenditure is recognized as soon a5 there is a legal oi consiructive obligation cofflfflitting the charity to that eKpcnditure. It is probable that Settlement will be required and the amount of the obligation can be measured reliably. The chgrity 15 not registered for VAT and all expendilure includes thiswhere appropriate. All expenditure is accounted for on an accruals basis. Charitable expenditurc cotnprises those cosls IIIClJfred by the charity in the delivery of its activitse5 and services foi its beneficiaries. It includes both costs that can be allocated directly to such activities. costs of an indirecl nature necessary to support them and cost5 ssociate(5with meetingthe constitutionaland statutoryrequirements ofthe charity. Doc ID: 6455cf88d10f337be64298bb6f8d5a611e3b8f18

THE PIP CENTRE NOTES TO THE ACCOUNTS-YEAR ENDED 31 MARCH 2024 2 VOLUNTARY INCOME 2024 2023 Unrestrirted Restricted Total Unrestricted Restricted Tot(71 Oonalion5 50 50 50 50 3 CHARITABLE ACTIVITIES 2024 2023 Unrestricted RestrKted Total Unrestricted Restricted Total Rental Income 25.000 600 25,000 600 25.000 25,000 10,379 10,379 10.379 35,379 Grant Income 25.650 25.650 25,OC 4 CHARITABLE EXPENDITURE 2024 2023 Unrestricted Restritted Total Unrestri£ted Restricted Total Wages and Nl 3.000 13,496 885 3,000 13,496 885 3.￿0 11,972 734 3.000 11.972 734 4,516 3,550 543 Light and Heat Insurance Property Repai¥s Repatr5 and Renewal Telephone Cleaning Wagte Disposal 4,516 3.178 352 3,178 352 5,203 1.733 896 3.550 543 5,203 1,733 896 2.860 1,494 861 2,860 1,494 861 Water Accountancy 942 942 670 670 Professional Fees 560 1,000 1,560 20 Bank Charges Depreciation 60 20 2.987 2,987 32,732 2,972 30,787 2,972 30,787 32,732 Doc ID: 6455cf88d10f337be64298bb6f8d5a611e3b8f18

THE PIP CENTRE NOTES TO THE ACCOUNTS-YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSErs Property Equipment Totol Cost as at l April 2023 Additions 291.117 16.812 165 307,929 A5 at 31 March 2024 291,117 16.977 308.094 Depreciat¥on As at l April 2023 66.239 2,911 16.470 76 82,709 2,987 Charge foT the period A5 at 31 March 2024 69.150 16.546 85,696 Net book value As at 31 March 2023 224,878 342 225,220 Net book Value A5 at 31 March 2024 221.967 431 222.398 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 20Z3 Trade Debtofs iio 1,250 Prepayment5 iio 1,250 CREDITORS: AMOUNTS FALLING DUEWITHIN ONEYEAR Z024 2023 Trade Creditors 1,741 1.595 3,336 Aciruals 2,095 2,095 Doc ID: 6455cf88d10f337be64298bb6f8d5a611e3b8f18

CONTROL The ¢ompanywas controlled throughout this period by its trustees. The present Trustees are as listed on page2. TRUSTEES The trustees were not iemunerated or Teimbursed for any expenses during the period. MTS Claire Newell. daughter in law ol trvstee Mrs Pauline Newall was paid £3000.OOgross wages during the period as oentre coordinator during the year. 10. TAXATION As a charity, The PIP Centre was exempt from tax on income and gains fallingwithin section 505 of the Taxes Act 1988 or 5256 01 the Taxation of Chargeable Gain5 Act 1992 to the extent that these are applied tu its charitable objects. No tax charges have arisen in the Charity. 11. ANALYSIS OF NET ASSTS BETWEEN FUNDS Unrestricted Restricted Totol Funds Funds Funds Tangible fixed Asse15 Current Assets 222.398 801 222,398 5,664 3,336 224,726 4,863 Current Liabilitie5 3.336 219.863 4,863 10 Doc ID: 6455cf88d10f337be64298bb6f8d5a611e3b8f18

X Dropbox Sign Audit trail Title Accounts File name The Pip_centre Accounts 2024.pdf 6455cf88d1 Of337be64298bb6f8d5a611 e3b8f18 Document ID Audit trail date format DDIMMIYYYY Status Signed Document history 1711212024 Sent for signature to Pauline Newell {[e-mail]) from [e-mail] IP: 146.199.176.22 SENT 17:36:44 UTC 1711212024 Viewed by Pauline Newell ([e-mail]) IP: 31.54.64.17 VIEWED 17:49:32 UTC 1711212024 Signed by Pauline Newell ([e-mail]) IP: 31.54.64.17 SIGNED 17:50:24 UTC 1711212024 The document has been completed. ¢OMPLETED 17:50:24 UTC Powered by X Dropbox Sign