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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 03513035 (England and Wales) REGISTERED CHARITY NUMBER: 1076840

TRUSTEES' REPORT AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WESLEY HALL COMMUNITY CENTRE LTD

Sturgess Hutchinson (Leicester) Limited Chartered Certified Accountants

& Registered Auditors 21 New Walk Leicester LE1 6TE

WESLEY HALL COMMUNITY CENTRE LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Reference and Administrative Details 1
Trustees' Report 2 to 5
Report of the Independent Auditors 6 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 21
Detailed Statement of Financial Activities 22 to 23

WESLEY HALL COMMUNITY CENTRE LTD REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024

Trustees M V Chambers Bromwell
K Faller
M J Kreusel
M Z Vania
S Sehmi
V Umrao
S Ahmad
J De Young
A M R Ismail
I Selvanyagam
S M Thompson
Registered office 76 Hartington Road
Leicester
LE2 0GN
Registered company number 03513035 (England and Wales)
Registered charity number 1076840
Independent auditors Sturgess Hutchinson (Leicester) Limited
Chartered Certified Accountants
& Registered Auditors
21 New Walk
Leicester
LE1 6TE

1

WESLEY HALL COMMUNITY CENTRE LTD

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Objectives and activities

Objectives and activities policies

The purpose of Wesley Hall Community Centre is to strive to meet the needs of the local community by facilitating the education, cultural and social development of individuals and community groups, within the principle of equal opportunities.

The objects of the charity are:

A. To further or benefit the residents of Wycliffe and Spinney Hill wards and neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents 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 objective of improving the conditions of life for the residents.

B. To establish or secure the establishment of a Community Centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a Centre for activities promoted by the charity in furtherance of the above objects.

C. To develop the capacity and skills of the members of the socially and economically disadvantaged community of Leicester in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society, particularly through supporting good physical and mental health and well-being.

D. To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.

E. In setting the aims of the charity and planning our activities the Trustees have given consideration to the Charity Commission's guidance on public benefit. Strategies for achieving objectives To provide early year services starting with antenatal and postnatal classes, parent and toddler sessions, various baby group activities and a Pre-School for 2 to 4 year olds.

F. Services for young people are provided through student work placements volunteering at the Pre-School and holiday play schemes, and through sports, study and creative activities.

G. Adult services include education classes, general adult services, elder lunch activities, art and craft, cooking, seated exercise, healthy eating and a day centre for people who have mental health difficulties.

2

WESLEY HALL COMMUNITY CENTRE LTD

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities

Achievement and activities

Wesley Hall Community Centre has continued to work tirelessly helping our community people. Covid had particularly adverse impact on the communities served by the charity. Our centre which helps people to come together, engage, connect, socialise, share, continued to adapt and respond. Careful risk assessments and the fact that we have large, well-ventilated halls and premises, enabled us to begin to accommodate groups and activities while many other venues and services remained closed.

The Centre managed well financially during this challenging recovery period of covid. Although we lost all Centre-based rental income, we successfully received project funding to enable us to continually adapt and expand our programme of activities to meet identified need and outcomes.

Our emergency food aid continued through our Food Bank and through the distribution of food parcels to residents who were still either shielding or self-isolating in the local area. We provided food parcels and hot meals to more than 2500 families during the pandemic. The stories of hardship, both socially and financially, have been difficult to hear but the amount of good will and kindness we have also witnessed is heartening. It has brought communities together in ways that will see long lasting benefits once all of this has passed. All this was only possible with the support of the volunteers who have truly dedicated their time to the vital support work that has been done in the last months.

We have continued to be successful in securing grants to offer this support as the effects of the pandemic extended throughout the year. We secured funding through the Positive Communities government funding, via the Local Authority, which brought together twelve city charities, ensuring that support was there for families and individuals as we came out of lockdown.

As a result of this work, our strategic relationships with local partners, statutory organisations, local councillors and the local community have improved immensely. Our skills and innovation have also been recognised and applauded and this work puts us in a very strong position in the coming year to investigate further the needs of our communities and gain evidence of what is required of us as neighbourhoods are able to return to normal.

We were able to replace our minibus and replace furniture.

We secured a three year grant from the National Lottery Reaching Communities fund, to develop and deliver a wide-ranging Under 5s programme. Called Start Strong, this will help families to give their children the best start, from pregnancy onwards, with a focus on helping develop speech, language and communication skills, and supporting infant and parental mental health.

We have also secured funding from LCC for supporting families with perinatal mental health and vulnerabilities.This project will be aimed at teenage parents/carers, LGBT parents, those in the most deprived areas, those with social isolation and those with pre-existing vulnerabilities.

We work closely with public health, NHS, ICB to raise awareness on Vaccination, winter pressure and to raise awareness on patient participation group. Our new project Positive community aims to provide a range of personalised support services for key target groups to help them address any barriers or issues they have which prevent them from moving from economically inactive to a more active status within the labour market.

Wesley Hall Community Centre Pre-school continues to provide funded early education nursery grants for two, three and four year old children. We support a growing number of children who speak English as an additional language and offer places for children with special educational needs or disabilities. Our aims continue to be to bring the local children together in our safe stimulating learning environment so the children can enjoy a wide range of learning experiences.

Our Key person system and warm family atmosphere has helped us to ensure that the children settled well and built strong positive relationships with each other and the staff which helped the children feel safe and secure, they have enjoyed a good balance of adult-initiated and child-led activities, they are also able to independently access a variety of resources.

We aim to offer the children a good level of individual support by us having students on placement throughout the year from various colleges and schools. The students are given a thorough induction to make this process a success. The staff team assess children's progress regularly, for us to identify any gaps in their learning. We plan each child's next steps in learning, using their observations, assessments, and information from parents/careers. As a result, the children are well prepared for their next stages in their learning.

Strategic report

Financial Review

The Centre managed well financially. we were very successful in securing some grants and project funding to enable us to continually adapt and expand our programme of activities to meet identified need and outcomes.

An overall surplus of £57,094 was achieved during the year (2023 - £87,748). This figure includes the balance of the project "Reaching Communities - Under 5s" of £35,584 . Further income can be attributed to income from hall / room hire. A sizable proportion of this is connected to projects and embedded in funding.

3

WESLEY HALL COMMUNITY CENTRE LTD

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

Strategic report Financial review Reserves policy

Restricted Funds

The balance of £78,382 remaining on Restricted Funds as at 31 March 2024 represents the net book value of fixed assets purchased with these funds together with any unexpended amounts.

Unrestricted Funds

The balance of £32,826 in respect of General Funds represents the amounts retained from past activities. The accumulated funds of £287,077 arise from the activities and hiring of hall "Life Long Income (Bookings and Activities)". These accumulated funds are intended to be used for establishing self-sufficiency. The positive balance is accumulated so as to be available for use when circumstances require. It is anticipated that we will want to invest in our organisation dynamically to move it into a stronger culture.

The trustees have also reviewed the traditional three departments structure (Neighbourhood Services, Day Centre and Pre-School) as some of the big projects (e.g. "Reaching Communities) can't be clearly and fully allocated to any of the traditional departments in terms of the content of the projects. However, each programme is at least partly connected to one of the departments in terms of the involvement in the funding application and subsequent administration.

Future developments

We are planning to focus on more educational activities for the local community, empowering them to develop new skills. Also, we are aiming to make the local community aware of health and wellbeing by providing more physical and nutritional activities. To ensure that community facilities are accessible and well-related to the locality and to ensure that our timings enable maximum flexibility for the use by our community groups. We are encouraging residents and community groups to give their views and opinions on the development of the centre. We are applying for funding to support the running costs and also to introduce new activities in the centre. The Day Centre will continue to run and finance itself through individual payments from the members.

The Day Centre is also looking for funding sources to bridge the gap between actual income and the running costs for the next 12 months and staff will be doing outreach work to recruit new referrals.

Structure, governance and management

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 18 February 1998 and registered as a charity on 2 August 1999. The charity is governed by its Memorandum and Articles of Association. Every person who is a member of the company agrees to contribute an amount not exceeding £1 in the event of the charity being wound up.

Recruitment and appointment of new trustees

Trustees are recruited from the membership. All members are circulated with invitations to nominate Trustees prior to the Annual General Meeting, advising them of retiring Trustees and seeking nominations at the Annual General Meeting.

At every AGM one third of the Trustees (of oldest standing) retire. Where there are Trustees who have been in office for the same length of time then, in the absence of agreement, those to retire shall be selected by lot. Retiring Trustees shall be eligible for further election.

Organisational structure and decision making

The Board of Trustees meet at least 6 times a year to despatch the business of Wesley Hall Community Centre. Decisions are made on the basis of a majority of votes. The quorum for decision-making is 7.

The Chair of Trustees presides at all meetings. Accurate records of meetings are kept and are open for inspection by any person authorised by the company to do so. The Trustees delegate their powers to sub-committees as necessary.The Board complies with their obligations under the Charities Act 2011 to provide an annual Report and Audited Accounts. The Board delegates the day to day responsibilities of running the Charity to the Centre Managers who report to the Board. The Trustees have delegated to the Management Team authority to manage finances, recruitment and employment of staff, the protection of children and vulnerable adults, the responsibilities expected by Ofsted for the welfare and education of children, the Health and Safety of all staff and service users and the timely and accurate dissemination of information to appropriate persons.

Induction and training of new trustees

New Trustees receive an induction, which involves them learning about their responsibilities according to the Memorandum and Articles of Association and their legal obligations according to charity and company law. They are introduced to the decision-making and information sharing processes. They receive the latest financial accounts and the business plan. They receive reports of the organisation for the previous year. They are introduced to the Chair of Trustees and Centre Managers.

4

WESLEY HALL COMMUNITY CENTRE LTD

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management

Risk management

The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems, policies and procedures are in place to mitigate exposure to the major risks.

Risk management comprises regular reports to the Board of Trustees, alerting them to specific issues that may become problematic if not correctly managed.

Risks are identified by Centre managers through these channels:

The old Victorian buildings have been repaired extensively. The boiler and the pipes were replaced but for the future, priorities are repairs to large roof elevations to the back of the buildings.

Trustees' responsibility statement

The trustees (who are also the directors of Wesley Hall Community Centre Ltd for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance 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 which 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 those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Auditors

The auditors, Sturgess Hutchinson (Leicester) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Trustees' report, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 23 November 2024 and signed on the board's behalf by:

V Umrao - Trustee

5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WESLEY HALL COMMUNITY CENTRE LTD

Opinion

We have audited the financial statements of Wesley Hall Community Centre Ltd (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WESLEY HALL COMMUNITY CENTRE LTD

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by inquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.

We gained an understanding of the legal and regulatory framework applicable to the Charity and the sector in which it operates, drawing on our broad experience, and considered the risk of acts by the Charity that were contrary to these laws and regulations, including fraud.

We focussed on laws and regulations that could give rise to material misstatement in the financial statements, including but not limited to, the Charities Act 2011 and the Charities (Protection and Social Investment) Act 2016. We made enquiries of management with regard to compliance with these laws and regulations and corroborated any necessary evidence to relevant information.

Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management.

We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits we also addressed the risk of management override of internal controls including testing journals and evaluation whether there was evidence of bias by the Trustees that represented a risk of material misstatement due to fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sturgess Hutchinson (Leicester) Limited Chartered Certified Accountants & Registered Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 21 New Walk Leicester LE1 6TE

23 November 2024

7

WESLEY HALL COMMUNITY CENTRE LTD

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
Notes
£
Income and endowments from
Donations and legacies
2
49,406
Charitable activities
4
Day centre
52,884
Pre School NEG fees receivable
-
Pre School parent fees receivable
-
Day Centre contributions and sales
-
Elders Lunch Club
7,420
Hire of premises and other income
136,460
Investment income
3
682
Total
246,852
Expenditure on
Charitable activities
5
Payroll costs
77,963
Premises costs
1,472
Activities and other direct costs
7,992
Support costs - payroll
39,067
Support costs - postage, telephone and stationery
1,792
Support costs - other
5,991
Total
134,277
NET INCOME/(EXPENDITURE)
112,575
Transfers between funds
16
723
Net movement in funds
113,298
Reconciliation of funds
Total funds brought forward
230,052
Total funds carried forward
343,350		 Restricted
funds
£
374,420
-
50,567
6,369
-
-
-
(2)
431,354
203,244
97,688
84,549
64,101
15,237
22,016
486,835
(55,481)
(723)
(56,204)
134,586
78,382		 2024
Total
funds
£
423,826
52,884
50,567
6,369
-
7,420
136,460
680
678,206
281,207
99,160
92,541
103,168
17,029
28,007
621,112
57,094
-
57,094
364,638
421,732		 2023
Total
funds
£
397,050
31,085
27,664
4,060
5,474
1,408
119,632
229
586,602
265,151
70,646
65,931
57,965
11,505
27,656
498,854
87,748
-
87,748
276,890
364,638

The notes form part of these financial statements

8

WESLEY HALL COMMUNITY CENTRE LTD (REGISTERED NUMBER: 03513035)

BALANCE SHEET 31 MARCH 2024

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Prepayments and accrued income
Cash at bank and in hand
Creditors
Amounts falling due within one year
13
Net current assets
Total assets less current liabilities
NET ASSETS
Funds
16
Unrestricted funds
Restricted funds
Total funds		 2024
£
10,031
3,633
20,774
471,261
495,668
(83,967)
411,701
421,732
421,732
343,347
78,385
421,732		 2023
£
18,056
3,810
3,542
374,573
381,925
(35,343)
346,582
364,638
364,638
230,052
134,586
364,638

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The financial statements were approved by the Board of Trustees and authorised for issue on 23 November 2024 and were signed on its behalf by:

V Umrao - Trustee

M J Kreusel - Trustee

The notes form part of these financial statements

9

WESLEY HALL COMMUNITY CENTRE LTD

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 2024
£
96,008
96,008
680
680
96,688
374,573
471,261		 2023
£
89,970
89,970
229
229
90,199
284,374
374,573

The notes form part of these financial statements

10

WESLEY HALL COMMUNITY CENTRE LTD

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

1. Reconciliation of net income to net cash flow from operating activities

----- Start of picture text -----
||||| |---|---|---|---| |2024|2023| |£|£| |Net income for the reporting period (as per the Statement of Financial| |Activities)|57,094|87,748| |Adjustments for:| |Depreciation charges|8,025|8,025| |Interest received|(680)|(229)| |(Increase)/decrease in debtors|(17,055)|1,550| |Increase/(decrease) in creditors|48,624|(7,124)| |Net cash provided by operations|96,008|89,970| |Analysis of changes in net funds| |At 1.4.23|Cash flow|At 31.3.24| |£|£|£| |Net cash| |Cash at bank and in hand|374,573|96,688|471,261| |374,573|96,688|471,261| |Total|374,573|96,688|471,261|

----- End of picture text -----

2. Analysis of changes in net funds

The notes form part of these financial statements

11

WESLEY HALL COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting policies

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost Motor vehicles - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension 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.

2. Donations and legacies

Donations
Garment and Textile Workers
Positive Communities 2
LCC Digital Funding
Community Fund - Energy Saving
Community Under 5s
Art Council Grants
Positive Community Fund
Greggs Foundation Funding
Kickstart scheme
Food Pantry Registration
BBC Children in Need Y4
Confidence
Blossom and Bloom
Carried forward		 2024
£
5,639
4,232
15,822
720
20,064
102,375
739
-
20,000
-
27,218
-
-
49,277
246,086		 2023
£
11,170
-
-
-
40,481
101,125
13,437
31,787
20,000
16,986
23,940
9,485
20,000
24,639
313,050

12

WESLEY HALL COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

2. Donations and legacies - continued

Brought forward
James Thornton DAF Fund
Other grants
Cost of Living
Garment and Textile Grant
Independent Age
National Grid
3.
Investment income
Deposit account interest
4.
Income from charitable activities
Activity
Day Centre contributions and
sales
Day centre
Day Centre
Day centre
Pre School NEG fees
receivable
Pre School NEG fees receivable
Pre school parent fees
receivable
Pre School parent fees receivable
Day Centre contributions and
sales
Day Centre contributions and sales
Elders Lunch Club
Elders Lunch Club
Hire of premises and other
income
Hire of premises and other income
5.
Charitable activities costs
Payroll costs
Premises costs
Activities and other direct costs
Support costs - payroll
Support costs - postage, telephone and
stationery
Support costs - other		 Direct
Costs
£
281,207
99,160
92,541
-
-
-
472,908		 2024
£
246,086
-
31,400
49,100
68,300
19,000
9,940
423,826
2024
£
680
2024
£
9,521
43,363
50,567
6,369
-
7,420
136,460
253,700
Support
costs (see
note 6)
£
-
-
-
103,168
17,029
28,007
148,204		 2023
£
313,050
20,000
64,000
-
-
-
-
397,050
2023
£
229
2023
£
-
31,085
27,664
4,060
5,474
1,408
119,632
189,323
Totals
£
281,207
99,160
92,541
103,168
17,029
28,007
621,112

13

WESLEY HALL COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

6. Support costs

Support costs
Management
£
Support costs - payroll 103,168
Support costs - postage, telephone and
stationery 17,029
Support costs - other 28,007
148,204

7. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets 2024
2023
£
£
8,025
8,025
Other operating leases 37,917
36,866

8. Trustees' remuneration and benefits

During the year ended 31 March 2024 a trustee, M V Chambers Bromwell, received £4,875 to run antenatal classes as an activity under the Reaching Under 5s funding. There were no other trustee's remuneration or benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

9. Staff costs

Wages and salaries
Social security costs
Other pension costs		 2024
£
371,659
5,363
7,353
384,375		 2023
£
308,185
8,368
6,563
323,116

The average monthly number of employees during the year was as follows:

Administration
Day Centre
Pre School
Under 5s
Food Bank
Community Renewal
Youth Club
Blossom and Bloom		 2024
8
3
4
1
1
1
1
1
20		 2023
8
2
4
1
1
1
1
-
18

No employees received emoluments in excess of £60,000.

14

WESLEY HALL COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

10. Comparatives for the statement of financial activities

Unrestricted Restricted Total
funds funds funds
£ £ £
Income and endowments from
Donations and legacies 68,940 328,110 397,050
Charitable activities
Day centre 31,085 - 31,085
Pre School NEG fees receivable 27,664 - 27,664
Pre School parent fees receivable 4,060 - 4,060
Day Centre contributions and sales 5,474 - 5,474
Elders Lunch Club 1,408 - 1,408
Hire of premises and other income 119,632 - 119,632
Investment income 226 3 229
Total 258,489 328,113 586,602
Expenditure on
Charitable activities
Payroll costs 158,687 106,464 265,151
Premises costs 23,353 47,293 70,646
Activities and other direct costs 11,844 54,087 65,931
Support costs - payroll 32,142 25,823 57,965
Support costs - postage, telephone and
stationery 5,956 5,549 11,505
Support costs - other 10,306 17,350 27,656
Total 242,288 256,566 498,854
NET INCOME 16,201 71,547 87,748
Transfers between funds (753) 753 -
Net movement in funds 15,448 72,300 87,748
Reconciliation of funds
Total funds brought forward 214,600 62,290 276,890
Total funds carried forward 230,048 134,590 364,638
11. Tangible fixed assets
Cost Fixtures
and
fittings
£		 Motor
vehicles
£		 Totals
£
At 1 April 2023 and 31 March 2024 88,436 32,100 120,536
Depreciation
At 1 April 2023 88,436 14,044 102,480
Charge for year - 8,025 8,025
At 31 March 2024 88,436 22,069 110,505
Net book value
At 31 March 2024 - 10,031 10,031
At 31 March 2023 - 18,056 18,056

15

WESLEY HALL COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

12. Debtors: amounts falling due within one year

Trade debtors
Creditors: amounts falling due within one year
Social security and other taxes
Accruals and deferred income
Leasing agreements
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Analysis of net assets between funds
Unrestricted
Restricted
funds
funds
£
£
Fixed assets
-
10,031
Current assets
340,183
155,485
Current liabilities
3,164
(87,131)
343,347
78,385		 2024
£
3,633
2024
£
4,042
79,925
83,967
2024
£
21,250
2024
Total
funds
£
10,031
495,668
(83,967)
421,732		 2023
£
3,810
2023
£
3,253
32,090
35,343
2023
£
21,250
2023
Total
funds
£
18,056
381,925
(35,343)
364,638

13. Creditors: amounts falling due within one year

14. Leasing agreements

15. Analysis of net assets between funds

16

WESLEY HALL COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. Movement in funds

Unrestricted funds
General Fund
Life Long Income (Booking and Activities)
Day Centre
Minibus replacement
Friday Elders Lunch Club
Restricted funds
Power to Change
Reaching Communities Under 5s
Arts Council Grants
Positive Community Fund
Greggs Foundation Funding
Wesley Hall Food Pantry
National Lottery Reaching Communities -
Under 5s (Year 2)
CSJ James Thornton Fund
Leicestershire Police Commissioner Youth
Club
Julia and Hans Rausing Trust Grant
National Lottery Community Fund - Energy
Saving
Leicester and Rutland Community Foundation
Environmental Fund
Independent Age (Cost of Living Grants
Fund)
National Grid - Community Matters Fund -
Fuel Poverty 2023
National Lottery Reaching Communities
Under 5s Year 3
Community Organisation Cost of Living Fund
(The National Lottery Community Fund)
Pre School
TOTAL FUNDS		 At 1.4.23
£
32,826
189,856
(16,002)
22,000
1,372
230,052
18,056
222
-
421
310
2,292
31,252
16,449
19,001
12,862
33,721
-
-
-
-
-
-
134,586
364,638		 Net
movement
in funds
£
-
96,498
17,434
-
(1,360)
112,572
(8,025)
-
739
-
250
(1,281)
(30,069)
(15,597)
(18,957)
(11,991)
(17,200)
170
8,634
(16)
35,584
37
2,244
(55,478)
57,094		 Transfers
between
funds
£
-
723
-
-
-
723
-
-
(739)
-
-
-
-
-
-
-
-
-
-
16
-
-
-
(723)
-		 At
31.3.24
£
32,826
287,077
1,432
22,000
12
343,347
10,031
222
-
421
560
1,011
1,183
852
44
871
16,521
170
8,634
-
35,584
37
2,244
78,385
421,732

17

WESLEY HALL COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. Movement in funds - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
Life Long Income (Booking and Activities)
Day Centre
Friday Elders Lunch Club
Restricted funds
Power to Change
Arts Council Grants
Greggs Foundation Funding
Wesley Hall Food Pantry
National Lottery Reaching Communities -
Under 5s (Year 2)
CSJ James Thornton Fund
Leicestershire Police Commissioner Youth
Club
Julia and Hans Rausing Trust Grant
National Lottery Community Fund - Energy
Saving
Garment and Textile Workers Fund
Leicester and Rutland Community Foundation
Environmental Fund
Independent Age (Cost of Living Grants
Fund)
National Grid - Community Matters Fund -
Fuel Poverty 2023
LCC Positive Community 2
National Lottery Reaching Communities
Under 5s Year 3
Community Organisation Cost of Living Fund
(The National Lottery Community Fund)
LCC Digital Funding
Pre School
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
193,970
(97,472)
96,498
52,882
(35,448)
17,434
-
(1,360)
(1,360)
246,852
(134,280)
112,572
-
(8,025)
(8,025)
739
-
739
20,000
(19,750)
250
59,128
(60,409)
(1,281)
50,875
(80,944)
(30,069)
-
(15,597)
(15,597)
-
(18,957)
(18,957)
-
(11,991)
(11,991)
20,063
(37,263)
(17,200)
72,531
(72,531)
-
5,000
(4,830)
170
19,000
(10,366)
8,634
9,940
(9,956)
(16)
15,823
(15,823)
-
51,499
(15,915)
35,584
49,100
(49,063)
37
720
(720)
-
56,936
(54,692)
2,244
431,354
(486,832)
(55,478)
678,206
(621,112)
57,094

18

WESLEY HALL COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. Movement in funds - continued

Comparatives for movement in funds

Unrestricted funds
General Fund
Life Long Income (Booking and Activities)
Day Centre
Minibus replacement
Pre School
Friday Elders Lunch Club
Restricted funds
Power to Change
New Hastings Fund
Safe Community Fund
Reaching Communities Under 5s
Arts Council Grants
Positive Community Fund
Greggs Foundation Funding
Wesley Hall Food Pantry
National Lottery Reaching Communities -
Under 5s (Year 2)
CSJ James Thornton Fund
Leicestershire Police Commissioner Youth
Club
Julia and Hans Rausing Trust Grant
National Lottery Community Fund - Energy
Saving
TOTAL FUNDS		 At 1.4.22
£
32,826
197,848
(17,574)
22,000
(20,514)
14
214,600
26,081
1,067
1,637
33,505
-
-
-
-
-
-
-
-
-
62,290
276,890		 Net
movement
in funds
£
-
38,014
1,572
-
(24,739)
1,358
16,205
(8,025)
(1,067)
(1,637)
(33,283)
(753)
421
310
2,292
31,252
16,449
19,001
12,862
33,721
71,543
87,748		 Transfers
between
funds
£
-
(753)
-
-
-
-
(753)
-
-
-
-
753
-
-
-
-
-
-
-
-
753
-		 At
31.3.23
£
32,826
235,109
(16,002)
22,000
(45,253)
1,372
230,052
18,056
-
-
222
-
421
310
2,292
31,252
16,449
19,001
12,862
33,721
134,586
364,638

19

WESLEY HALL COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. Movement in funds - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Life Long Income (Booking and Activities)
Day Centre
Pre School
Friday Elders Lunch Club
Restricted funds
Power to Change
New Hastings Fund
Safe Community Fund
Reaching Communities Under 5s
Arts Council Grants
Positive Community Fund
Greggs Foundation Funding
Wesley Hall Food Pantry
National Lottery Reaching Communities -
Under 5s (Year 2)
BBC Children in Need Extention Year 4 -
Study Club
CSJ James Thornton Fund
Active Together Youth Club
Leicestershire Police Commissioner Youth
Club
Julia and Hans Rausing Trust Grant
National Lottery Community Fund - Energy
Saving
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
180,826
(142,812)
38,014
40,262
(38,690)
1,572
35,993
(60,732)
(24,739)
1,408
(50)
1,358
258,489
(242,284)
16,205
-
(8,025)
(8,025)
-
(1,067)
(1,067)
-
(1,637)
(1,637)
50,251
(83,534)
(33,283)
13,437
(14,190)
(753)
31,787
(31,366)
421
20,000
(19,690)
310
44,294
(42,002)
2,292
50,874
(19,622)
31,252
9,485
(9,485)
-
20,001
(3,552)
16,449
7,501
(7,501)
-
20,000
(999)
19,001
20,001
(7,139)
12,862
40,482
(6,761)
33,721
328,113
(256,570)
71,543
586,602
(498,854)
87,748

Unrestricted funds

The only truly unrestricted fund is the General Fund. The other funds under the unrestricted heading have been designated for specific purposes by the Trustees.

Designated funds

The balance of net income from the bookings and life long services, generated since 1 April 2017, has been approved by the Trustees as a designated fund to cover the shortfall in funding for Neighbourhood Services.

The Day Centre is an independent service which gains funding through direct payments and self-funders.

Restricted funds

Power to change - capital grant to replace the minibus and office tables and chairs.

New Hastings Fund - gardening and improvement activities.

Safe Community Fund - community engagement activities.

Reaching Communities Under 5s - project for children under the age of 5 provided by the National Lottery.

Art Council Grants - art projects such as dance and music.

Positive Community Fund 1 - activities for the disabled and community including exercise classes.

Greggs Foundation Funding - grant to cover staff costs for the food pantry.

20

WESLEY HALL COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. Movement in funds - continued

Wesley Hall Food Pantry - provision of a food pantry for the local community.

CSJ James Thornton Fund - grant to provide an advice clinic and to help people who are in need.

Leicestershire Police Commissioner Fund - grant to provide a youth club for young people.

BBC Children in Need Year 4 - homework club for local children.

Julia & Hans Rausing Trust - food bank supporting people who are struggling with the cost of living.

National Lottery Community Fund - Energy Saving grant.

Garment and Textile Workers Fund - to help garment textile workers who have lost their jobs in past years by providing classes to build confidence and upskill them in different ways such as sewing, ESOL classes, help with CVs and computer classes.

Leicestershire and Rutland Community Foundation Environmental Fund - to use three small empty spaces around Wesley Hall to grow vegetables and flowers.

Independent Age (Cost of Living Grants Fund) - to improve the wellbeing and independence of elderly individuals aged 65 and above through a holistic support programme including a subsidised food pantry, bus pass application support, digital literacy classes, advice clinics and a lunch club.

National Grid - Community Matters Fund - Fuel Poverty 2023 - the project is to help the community with group energy saving awareness sessions including energy saving advice, how to reduce monthly bills and tips on how to use smart meters and install other energy saving devices.Welfare benefit assessment to help clients identify unclaimed benefits and how to apply for eligible benefits and grants.

Positive Community Fund 2 - the project aims to provide a range of personalised support services for key target groups to help them address any barriers or issues they have which prevent them from moving from economically inactive to a more active status within the labour market. It will deliver a range of support services in line with those interventions proposed under UKSPF E33 stream.

Community Organisation Cost of Living fund (The National Lottery Community Fund) - to continue with the food bank and hot meals service for the community, sustain ongoing services, provide advice and guidance for the local community, seek support to adapt and develop services throughout the winter period and extend the opening hours for the warm hub to accommodate more people.

LCC Digital Funding - refurbishment of room, ICT equipment and CRM system.

Garment and Textile Workers Trust Fund - grant to support the food bank and hot meals service.

Pre School - Nursery education funded for children aged 2, 3 and 4 years of age.

17. Related party disclosures

M Chambers, K Faller and I Selvanyagam (trustees) are also members of the council of the Wesley Hall Methodist Church. During the year Wesley Hall Methodist Church charged Wesley Hall Community Centre £58,513 (2023 - £42,200) for rent, licence, gas and electricity in respect of the use of the community centre property.

To avoid any potential conflict of interest the trustees exclude themselves from any meetings at the Wesley Hall Methodist Church where grants to the Wesley Hall Community Centre are being considered.

21

WESLEY HALL COMMUNITY CENTRE LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Income and endowments
Donations and legacies
Donations
Garment and Textile Workers
Positive Communities 2
LCC Digital Funding
Community Fund - Energy Saving
Community Under 5s
Art Council Grants
Positive Community Fund
Greggs Foundation Funding
Kickstart scheme
Food Pantry Registration
BBC Children in Need Y4
Confidence
Blossom and Bloom
James Thornton DAF Fund
Other grants
Cost of Living
Garment and Textile Grant
Independent Age
National Grid
Investment income
Deposit account interest
Charitable activities
Pre School NEG fees receivable
Pre school parent fees receivable
Day Centre contributions and sales
Day Centre
Elders Lunch Club
Hire of premises and other income
Total incoming resources
Expenditure
Charitable activities
Wages
Social security
Pensions
Other operating leases
Rates and water
Insurance
Light and heat
Repairs and renewals
Cleaning
Voluntary expenses
Activities
Catering		 2024
£
5,639
4,232
15,822
720
20,064
102,375
739
-
20,000
-
27,218
-
-
49,277
-
31,400
49,100
68,300
19,000
9,940
423,826
680
50,567
6,369
9,521
43,363
7,420
136,460
253,700
678,206
268,491
5,363
7,353
37,917
191
3,311
37,263
19,026
1,452
5,772
80,873
5,896
472,908		 2023
£
11,170
-
-
-
40,481
101,125
13,437
31,787
20,000
16,986
23,940
9,485
20,000
24,639
20,000
64,000
-
-
-
-
397,050
229
27,664
4,060
5,474
31,085
1,408
119,632
189,323
586,602
250,220
8,368
6,563
36,866
263
3,186
20,798
9,102
598
2,706
57,764
5,461
401,895

This page does not form part of the statutory financial statements

22

WESLEY HALL COMMUNITY CENTRE LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Support costs
Management
Wages
Telephone
Postage and stationery
Sundries
Motor and travel expenses
Bank charges
Computer costs
Staff training and recruitment
Accountancy
Professional fees
Depreciation of tangible and heritage assets
Total resources expended
Net income		 2024
£
103,168
3,299
7,244
10,547
766
1,323
6,486
3,626
3,720
-
8,025
148,204
621,112
57,094		 2023
£
57,965
3,640
3,922
9,705
535
1,047
3,943
3,920
3,300
957
8,025
96,959
498,854
87,748

This page does not form part of the statutory financial statements

23