Charity registration number: 1075631 The Vivian Moon Community Centre Annual Report and Financial Statements for the Year Ended 31 December 2024 WESTCOTTS CHARTERED ACCOUNTANTS & BV51NESS AOVISGris
The Vivian Moon Community Centre Contents (continued) Reference and Administrative Details Trustees, Report 2to4 Accountants, Report Receipts and Payments Account Statement of Assets and Liabilities Notes to the Financial Statements 8t012
The Vivian Moon Community Centre Reference and Admlnistrative Detsils Trustees Jasmine Chesters Keith Worthington Ross Moon Charity Registration Number 1075631 Principal Office 14 The Grange Braunton Devon EX33 2HH Accountants Westcotts 47 Boutport Street Barn5taple Devon EX311SQ Page 1
The Vivian Moon Community Centre Trustees. Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024. Objectives and activitles Charitable Objects The objects of the Vivian Moon Community Centre are to relieve the elderly of Braunton and its surrounding area by such means as are charitable at law, and to promote the benefrt of the inhabitants of Braunton and its surrounding area 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 or 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. The activities of The Vivian Moon Community Centre during the year were providing the use of its premises for various activities, as well as organising events, meals and trips to meet the objects referred to above. Publlc benefit The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefrt guidance published by the Charity Commission for England 8nd Wales. The activities as a whole are for the benefit of the local communrty of Braunton and the surrounding area. The Charity has been approached by voluntary organisations and individuals for the use of the premises and we are pleased to be able to accommodate them. Achieveme-. and performanpe Review of Activitlgs and Achievements During the year the Charity has continued to work hard to raise funds from the centre hire to others, coffee momings and raffles, door admissions. bingo and other events to enable it to provide the inhabitants of Braunton and the surrounding area with facilities of social interest, welfare, recreation and leisure. This will continue for the foreseeable future. Financlal review Reserves The charity had net incoming resources this year of £4,463 (2023=£3,055>. The cash funds carried forward are £26,861 {2023.' £22,398). These reserves are held to ensure that resources are available to meet all known and committed expenditure so as to absorb any future deficits for the foreseeable future to enable the charity to continue as a going concem for at least the next 10 years. Currently cash fund5 are held in a bank current account with instant acces5. No investments of cash funds have been made but the charity has the power to make investments which the trustees feel are appropriate for the charity. Investment powers, policy and performance The Charity has the power to make investments which the trustees feel is appropriate to the charity. Any surplus funds are held in interest bearing accounts. Plans for future perlods The charity intends to continue raising funds to provide the inhabitants of Braunton and its surrounding area with facilities of social interests, welfare, recreation and leisure time for the foreseeable future. Page 2
The Vivian Moon Community Centre Trustees, Report (continued) Structure. governance and management Govemance, Intemal Control and Risk Management The trustees have reviewed the major risks of the charity and have taken action and established systems which will mitlgate any known risks. All policies and procedures are updated regularly. The insurance policies are reviewed annually and amended if appropriate. Organisational Structure The Vivian Moon Community Centre is a charitable company limited by guarantee, and is govemed by its Memorandum and Articles of Association. It was incorporated on 19th May 1999 and was registered as a charity with the Charities Commission on 21st May 1999. The Charitable company transferred to a CIO on 13th July 2022. Each memberfs liability in the event of winding up is limited to £ 10 per member. The charity is also known as. The Braunton District Citizens Club.. All members are circulated with invitations to nominate trustees {directorsl prior to the Annual General Meeting, advising them of the trustees in office and requesting nominations. The trustees are elected by a majority vote at the Annual General Meeting. Trustees are trained by their experience and knowledge, and have been briefed on their legal obligations under charity and company law, the contents of the Memorandum and Articles of Association and the processes within the charity. The trustees. are the directors of the CIO, and meet on a regular basis to discuss the finances, control and running of the charity. The trustees have reviewed the major risks of the charity and have taken action and established systems which will mitigate known risks. Tnistee Training New trustees are familiarized with the workings of the charity and their legal obligations under charity law when they are appointed. Trustees are updated regularly on any changes to their roles and duties, etc, on a regular basis. Page 3
The Vivian Moon Community Centre Trustees. Report (continued) ststement of Trustees, Responsibllltles The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., obseNe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent; state whether applicable accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going cOnM basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charities {Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. -,le trustees are respor,oihle for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on zTr.Ip.12Sand signed on its behalf by: Jasmine Chesters Trustee Page 4
Chartered Accountants. Report to the Trustees on the Preparatlon of the Unaudited Statutory Accounts of The Vivian Moon Community Centre for the Year Ended 31 December 2024 In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the accounts of The Vivian Moon Communty Centre for the year ended 31 December 2024 as set out on pages from the charity's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accounlant5 in England and Wales (ICAEW) we are subject to its ethical and other professional requirements which are detailed at http:Ilwww.icaew.comlenl memberslregulation5-Standards-and-guidancel. This report is made solely to the board of trustees of The Vivian Moon Community Centre a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Vivian Moon Community Centre and state those matters that we have agreed to state to the board of trustees of The Vivian Moon Community Centre a body, in this report, in accordance with ICAEW Technical Release 07116 AAF. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than The Vivian Moon Community Centre and its board of trustees as a body for our work or for this report. It is your duty to ensure that The Vivian Moon Community Centre has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and of The Vivian Moon Community Centre. You consider that The Vivian Moon Community Centre is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of The Vivian Moon Community Centre. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. Westcotts 47 Boutport Street Bamstaple Devon EX31 1SQ Page 5
The Vivian Moon Community Centre Receipts and Payments Account for the Year Ended 31 December 2024 Unrestricted Restricted Total funds funds 2024 Total 2023 Note Receipts: Donations and legacies Charitable activities 318 9.890 11,380 11,380 Total receipts 11,380 11,380 10.208 Payments: Establishment costs Legal fees (6,402) (515) (6,402) 515) (6,673) (480) Total payments (6,917) 6,917} ,153 Net receipts 4,463 18,010 4,463 3,055 Cash brought forward Cash carried forward 4,388 4,388 22,398 26,861 19,343 22,398 22,473 All of the charity's activities derive from continuing operations during the above periods. The funds breakdown for 2023 is shown in note 7. The notes on pages 8 to 12 form an integral part of these financial statements. Page 6
The Vivian Moon Community Centre (Registration number: 1075631) Statement of Assets and Liabilities as at [31 December 2024 2024 2023 Note Fixed assets Tangible assets 103,911 103,911 Current assets Cash at bank and in hand 26,861 22,398 Net assets 130,772 126,309 The financial statements on pages 6 to 12 were approved by the trustees, and authorised for issue on z*.iK>.l&%nd signed on their behalf by: Jas stee esters The notes on pages 8 to 12 fomi an integral part of these financial statement5. Page 7
The Vivian Moon Community Centre Notes to the Financial Statements for the Year Ended 31 December 2024 1 Accountlng policles Basis of preparation The Vivian Moon Community Centre meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared on the receipts and payments basis. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments All incoming resources are included in the statement of financial activities when the charity receives the income. The following specrfic policies are applied to particular categories of income: Donations are received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when received. Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable. Donated seNices and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Expendlture Expenditure is recognised on a payments basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Taxation The charity is considered to pass the tests set out in Paragrdph 1 Schedule 6 of the Finan Act 2010 and therefore it meets the definition of a charitable compaDy for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furthprFJnce of the objectives of the charity. Page 8
The Vivian Moon Community Centre Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 2 Income from donations and legacies Unrestricted funds General Total 2023 Donations 318 318 3 Income from charitable activities Unrestricted funds General Totsl 2024 Membership fees CoffeelRaffles {inc Easter Egg raffle) Hall hire 140 2,417 8,823 11,380 140 2,417 8,823 11,380 Unrestricted funds General Total 2023 Membership fees CoffeelRaffles (inc Easter Egg raffle) Hall hire 90 3,159 6,641 9,890 90 3,159 6,641 9,890 4 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Page 9
The Vivian Moon Community Centre Notes to the Flnancial Statements for the Year Ended 31 December 2024 (continued) 5 Taxation The charity is a registered charity and is therefore exempt from tsxation. 6 Tangible fixed assets Land and buildings Total Cost At 1 January 2024 103,911 103,911 At 31 December 2024 103,911 103,911 Depreclation At 31 December 2024 Net book value At 31 December 2024 103,911 103.911 At 31 December 2023 103,911 103,911 Page 10
The Vivian Moon Community Centre Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 7 Funds Balance at 1 January 2024 Balance at 31 D8cember 2024 Incoming resources Resources expended General funds Restricted Funds 18,010 4,388 11,380 (6,917) 22,473 4,388 Total funds 22,398 11,380 (6,917) 26,861 Balance at 1 January 2023 Balance at 31 December 2023 Incoming resources Resources expended General funds Restricted Funds 14,955 4,388 10,208 (7.153) 18,010 4,388 Total funds 19,343 10,208 {7,153) 22,398 The specific purposes for which the funds are to be applied are as follows.. The restricted funds relate to the cash remaining from the grant received with the restriction that it be used for capital expenditure on the leasehold propety used for the charitable activities. 8 Analysis of net assets between funds Total funds at31 December 2024 Unrestricted funds General Tangible fixed assets Current assets 103,911 26.861 103,911 26,861 Total net assets 130,772 130,772 Totsl funds at31 December 2023 Unrestricted funds General Tangible fixed assets Current assets 103,911 22,398 103,911 22,398 Total net assets 126,309 126,309 Page11
The Vlvlan Moon Community Centre Notss to the Financial Statements for the Year Ended 31 December 2024 (continued) 9 Related party transactions There were no related party transactions in the year. Page 12