## **St Mary’s Eltham Community Centres Association**
## **Annual Report and Accounts 2023/24**
**(For the year ended 31 March 2024)**
**Registered Charity No. 1077280**
**Company Registration No. 03796671**
**Registered Office:**
**St Mary’s 180 Eltham High Street, Eltham, London, SE9 1BJ**
## **Contents**
|Trustees Report|Page 3- 4|
|---|---|
|Public Benefit|Page 5|
|Governance|Page 6|
|Our Venues & Board of Trustees|Page 7|
|Risk Management|Page 7|
|Statement of Trustees Responsibilities|Page 9|
|Independent Examiners Report|Page 10|
|Financial Statements|Page 11 - 21|
2
## **Board of Trustees’ 2023/24 report**
Following the Board’s review of business at the end of the 2022/23 financial year because of the reduced level of grant aid for 2023/27 notified by the Royal Borough of Greenwich, 2023/24 led to fresh marketing initiatives aimed at increasing business and raising the profile of the Association.
The Board is pleased to report that although business conditions overall remained somewhat challenging, the year in review showed a marked upturn in private hire business. We were also delighted to welcome new regular and one-off bookings to the Association’s buildings including Friday prayer groups, new church bookings and all-day party bookings.
The year ended with 36 Affiliated Groups and 60 private regular groups but sadly we should report the departure during the year of the Eltham Twins & Multiples Group, Kent Models ~~,~~ Brownies & Guides who all cancelled their bookings due to low attendances at their meetings.
The Board is grateful to everyone who has worked tirelessly and diligently throughout the year to ensure St Mary’s offers a welcoming presence to both new and existing users.
The annual open day, held in June 2023, was officially opened by Dominic Mbang, the Mayor of Royal Borough of Greenwich Council. Several Affiliated Groups showcased their great expertise and the Board express thanks to everyone involved in the event.
October 2023 saw the retirement of two trustees: Julian Bartlett and Shaheen Westcombe, after years of dedicated service. Tim Crossley and Brenda Lobo were appointed as new trustees at the Annual General Meeting (AGM) held on 15 October 2023. After the AGM Shivani McCormack expressed interest in joining the Board. Shivani joined the Board in November 2023 and her appointment will be formalised at this year’s AGM.
The Association’s staffing was also subject to change and the Board of Trustees accepted the retirement of Patrick O’Sullivan, Centre Director on 05 March 2024 (last day in the Office was 24 May 2024after more than 14 years of employment with St Mary’s). The Board thanked Patrick for his dedication in the role of Centre Director and wished him well in his retirement at the Board meeting held on 20 May 2024.
St Mary’s venues hosted two Polling Days this year, one on 02 May 2024 and the General Election on 04 July 2024 and we thank our hall assistant team for the long day that both events involved.
Finally, the 2023/24 AGM will be held at 4pm on Tuesday 15 October 2024.
3
## **Future Outlook for the Financial Year 2024/25**
After a competitive interview process, the Board was pleased Kirsten Halle accepted the offer to become the Association’s new Centre Director. Kirsten, of course, is no stranger to users, having been our Deputy Centre Director for the last few years. Hannah Thomson expressed an interest in the Deputy Director role and following interview accepted the offer. Amanda Ball remains the Association’s finance officer and is joined by Nancy Hall as our new office administrator. The Board wish the new team every success.
No decisions have yet been made on possible price increases for 2025/26 – a review is planned for the autumn. The Association faces increasing costs due to our ongoing commitment to pay the London Living Wage and increasing utility costs, aging buildings and a decreasing grant from the Royal Borough of Greenwich. However we remain dedicated to providing community space at reasonable rates.
The Office will continue to build awareness of activities and community space available at the Association through engaging social media content, external advertisements at our buildings and paid advertising locally in the SEnine magazine.
We continue to hire staff to support additional bookings and to provide more flexibility within our hall assistant team.
We have received funding from the Greenwich Neighbourhood Growth Fund (GNGF) to undertake improvements to the Progress Hall Kitchen and the Progress Hall Front Entrance. The kitchen renovations took place in June 2024 ahead of lucrative all day hire bookings at this building. The Progress Hall Front Entrance improvements will require planning permission and will be undertaken subject to this permission. We plan to identify other areas for potential GNGF funding for 2025/26 and welcome your suggestions.
4
## **Public benefit**
All our activities are undertaken to further our charitable purposes for the public benefit. The Board has regard to the Charity Commission’s guidance on public benefit throughout the year when approving St Mary’s activities.
_**Our mission** is to encourage community cohesion by helping to develop groups and activities which are open to all our community; providing affordable and welcoming venues; supporting and working with other local partners in order to contribute to our_ _**vision** for Eltham which is a community that feels connected, is culturally vibrant and inclusive._
St Mary’s works towards achieving this mission as follows:
## **a) building community involvement / cohesion by:**
- supporting existing groups and encouraging new groups which engage local people in educational, leisure, health and social welfare activities
- hosting family events - wedding receptions, parties and life celebrations
- hiring venues to local businesses, voluntary and public sector
- for meetings/ training
- supporting local democracy by providing accommodation for MP and Councillor surgeries, community consultations and polling stations for elections
- providing community signposting, advice and literature
**b) working with local agencies to enhance the quality of life for Eltham residents. These include the Eltham Town Centre Partnership, NHS Greenwich, Active for Health, The Federation of Greenwich Community Centres**
**c) managing and having responsibility for internal maintenance and decoration, furnishing and security of five buildings under Tenancy at Will Agreements with the Royal Borough of Greenwich d) contributing to local emergency recovery services by providing our buildings as emergency centres. We hold disaster support supplies at the St Mary’s Centre in Eltham High Street.**
5
## **Governance**
St Mary’s Eltham Community Centres Association is a registered charity and a company limited by guarantee.
Registered charity number: 1077280
Registered company number: 3796671
**Registered office:** St Mary’s Community Centre 180 Eltham High Street, Eltham, London SE9 1BJ
**Accountants:** Michael Adamson & Co., 23 Helena Road, Rayleigh, Essex SS6 8LN
## **Our bankers:**
|Unity Trust Bank|Aldermore Bank|United Trust Bank|
|---|---|---|
|Four Brindleyplace|Apex Plaza|One Ropemaker Street|
|Birmingham|Forbury Road|London|
|B1 2JB|Reading|EC2Y 9AW|
||RG1 1AX||
|Cambridge & Counties Bank Limited|Redwood Bank|
|---|---|
|Charnwood Court|Suite 101 The Nexus Building|
|5b New Walk|Broadway|
|Leicestershire|Letchworth Garden City|
|LE1 6TE|Hertfordshire|
||SG6 3TA|
The purpose of St Mary’s is set out in our Articles as follows:
_(a) To promote for the benefit of the people of the area without distinction of sex, sexual orientation, race, age, disability or of political, religious or other opinions, by associating together those people, the local authorities, voluntary and other organisations in a common effort to advance education, citizenship, community development and social cohesion and to provide facilities for recreation, leisure and community activity with the objects of improving the conditions of life for those people;_
6
_(b) To establish, or secure the establishment of, community centres and to maintain and manage these whether alone or in co-operation with any local authorities or other persons or bodies in furtherance of these objects._
## **Our venues**
St Mary’s Community Centre, 180 Eltham High Street, Eltham SE9 1BJ Anstridge Hall, Anstridge Road, Eltham SE9 2LL Flintmill Hall, Flintmill Crescent, Kidbrooke SE3 8LU Lionel Road Hall, 540 Westhorne Avenue, Eltham SE9 6DH Progress Hall, Admiral Seymour Road, Eltham SE9 1SL
## **Board of Directors**
Under St Mary’s Articles, which govern the relationship between the Board of Directors and members, and subject to certain matters which are reserved to members who attend the Annual General Meeting (AGM), the St Mary’s Board holds all the charity’s powers and authorities.
## **Board of Directors/Trustees 2023/24**
Mr Bob Treacher, Chair, Affiliated Group member
Mrs Marian McGuigan, Vice Chair, Affiliated Group member Mrs Milena Mitova, Treasurer, Independent member
Ms Julia Gale, Independent member
Mrs Bee Twidale, Affiliated member
Mr Timothy Crossley, Affiliated Member
Ms Brenda Lobo, Affiliated Member
- Mrs Shivani McCormack, Independent member (Joined November 2023 and will be formerly appointed at the 2023/24 AGM.
Mrs Shaheen Westcombe MBE, Affiliated member. Resigned from the Board October 2023
Mr Julian Bartlett, Vice-Chair. Resigned from the Board October 2023 **Patron:** Mrs Judy Smith MBE
## **Risk management**
The trustees actively review the major risks which St Mary’s faces on a regular basis and believe maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions.
7
The trustees are satisfied adequate Health and Safety and Risk Management policies and procedures, Employers and Public Liability Insurance are in place.
The trustees have also examined other operational and business risks faced by the charity and it can be confirmed they have established systems to mitigate any significant risk.
## **Independent examiners**
A resolution proposing Michael Adamson and Co. to be re-appointed as independent examiners of the charity for the year 2023/24 was put to the membership at the 2022/23 Annual General Meeting and unanimously agreed.
## **Small company special provisions**
The report of the Board of Trustees has been prepared in accordance with the Charities SORP (FRS 102) and with the Charities Act 2011.
## **Financial Review**
Performance has been challenging due to a reduced grant from Royal Borough of Greenwich and the impact of high living costs on private hire income. However, due to increased marketing initiatives, St Mary’s recorded a surplus of £8,278 at the 2023/24 year-end
St Mary’s Reserves are detailed on p18 and stand at £258,359. The bulk is our Statutory Reserve which we are required to have by law and we are pleased to report we are meeting our requirements. The majority of reserves cover our obligation for winding up and meeting any of the predictable associated costs. We also have reserves to cover emergency repairs to the inside of the halls.
The trustees are happy with the reported accounts for 2023/24.
## **Approval**
This report was approved by the Board of Trustees and signed on its behalf on 2024.
## **_____________________________ Bob Treacher, Chair**
## **_____________________________ Marian McGuigan, Vice Chair**
8
## **Statement of trustees’ responsibilities**
The trustees are required by law to prepare financial statements for each year which give a true and fair view of the financial activities of St Mary’s and its financial position at the end of the year.
In preparing those financial statements the trustees are required to:
1. Select suitable accounting policies and apply them consistently;
2. Make judgements and estimates that are reasonable and prudent;
3. State whether policies adopted are in accordance with the Charities Act 2011 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements;
4. Prepare the financial statements on a going concern basis unless it is inappropriate to assume the charity will continue in operation.
9
## **Report of the Independent Examiners to the Members St Mary's Eltham Community Centres Association**
We have examined the financial statements on pages 11 to 21 for the year ended 31 March 2024, which have been prepared under the accounting policies set out on page 15.
## **Respective responsibilities of the trustees and examiners**
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 our responsibility to:
- examine the accounts under section 142 of the Charities Act;
- 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
- to state whether particular matters have come to our attention.
## **Basis of independent examiners' report**
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 you as trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by the accounts.
## **Independent examiners' statement**
In connection with our examination, no matter has come to our attention:
1. which gives us reasonable cause to believe that in any material respect the requirements
- (a) to keep accounting records in accordance with section 130 of the Charities Act; and
(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act, have not been met; or
2. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Michael Adamson and Co Chartered Accountants
23 Helena Road Rayleigh Essex SS6 8LN
Date :
Page 10
## **St Mary's Eltham Community Centres Association Statement of Financial Activities for the year ended 31 March 2024**
|**Unrestricted**
**Designated**
**Restricted**
**Total**
**Note**
**funds**
**funds**
**funds**
**2024**
**Income and expenditure**
**£**
**£**
**£**
**Incoming resources**
Income from use of facilities and catering
4
230,038
-
-
230,038
Grants and donations receivable
2
-
-
17,500
17,500
Investment income
3
12,532
-
-
12,532
**Total incoming resources**
242,570
-
17,500
260,070
**Resources expended**
**Cost of generating funds**
Direct charitable expenditure
5
233,528
-
17,514
251,042
Governance costs
6
750
-
-
750
**Total expenditure**
234,278
-
17,514
251,792
**Net (outgoing) / incoming resources for the year**
8,292
-
(14)
8,278
**Reconciliation of movement of funds**
Net (outgoing) / incoming resources before
other recognised gains -
net movement in funds
7
8,292
-
(14)
8,278
Transfers
520
(520)
-
-
Total funds brought forward
146,426
189,594
14,061
350,081
**Total funds carried forward**
155,238
189,074
14,047
358,359
**Allocation of assets**
Tangible assets
-
4,686
127
4,813
Current assets
164,360
184,388
13,920
362,668
Current liabilities
(9,122)
-
-
(9,122)
155,238
189,074
14,047
358,359|**Total**
**2023**
**£**
174,235
40,000
2,332|
|---|---|
||216,567|
||251,964
750|
||252,714|
||(36,147)|
||(36,147)
-
386,228|
||350,081|
||5,347
348,639
(3,905)|
||350,081|
The net incoming resources for the year represents the total recognised gains for the period.
None of the charity's activities were aquired or discontinued during the year.
The attached notes form part of the accounts
Page 11
## **St Mary's Eltham Community Centres Association Comparative Statement of financial activities for the year ended 31 March 2023**
|||**Unrestricted**|**Designated**|**Restricted**|**Total**|
|---|---|---|---|---|---|
||**Note**|**funds**|**funds**|**funds**|**2023**|
|**Income and expenditure**||**£**|**£**||**£**|
|**Incoming resources**||||||
|Income from use of facilities and catering|4|174,235|-|-|174,235|
|Grants and donations receivable|2|-|-|40,000|40,000|
|Investment income|3|2,332|-|-|2,332|
|**Total incoming resources**||176,567|-|40,000|216,567|
|**Resources expended**||||||
|**Cost of generating funds**||||||
|Direct charitable expenditure|5|207,268|-|44,696|251,964|
|Governance costs|6|750|-|-|750|
|**Total expenditure**||208,018|-|44,696|252,714|
|**Net incoming resources for the year**||(31,451)|-|(4,696)|(36,147)|
|**Statement of other recognised gains and**|**losses**|||||
|Net incoming resources before||||||
|other recognised gains -||||||
|net movement in funds|7|(31,451)|-|(4,696)|(36,147)|
|Transfers||20,579|(20,579)|-|-|
|Total funds brought forward||157,298|210,173|18,757|386,228|
|**Total funds carried forward**||146,426|189,594|14,061|350,081|
|**Allocation of assets**||||||
|Tangible assets||-|5,206|141|5,347|
|Current assets||150,331|184,388|13,920|348,639|
|Current liabilities||(3,905)|-|-|(3,905)|
|||146,426|189,594|14,061|350,081|
The net incoming resources for the year represents the total recognised gains for the period.
None of the charity's activities were aquired or discontinued during the year.
The attached notes form part of the accounts
Page 12
## **St Mary's Eltham Community Centres Association Balance Sheet as at 31 March 2024**
|**Notes**
**Fixed assets**
9
**Current assets**
Debtors
10
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
11
**Net current assets**
**Net assets**
**Reserves**
Accumulated fund
12|**2024**
**£**
4,813
9,226
353,442
362,668
(9,122)
353,546
358,359
358,359
358,359|**2023**
**£**
5,347
3,879
344,760
348,639
(3,905)
344,734
350,081
350,081
350,081|**2023**
**£**
5,347
3,879
344,760
348,639
(3,905)
344,734
350,081
350,081
350,081|
|---|---|---|---|
|||||
||||350,081|
||||350,081|
||||350,081|
The board of trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act.
The board of trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Approved by the board of trustees on
and signed on their behalf
## **Mrs M Mitova**
## **Mr B Treacher**
The attached notes form part of the accounts
Page 13
## **St Mary's Eltham Community Centres Association Cash Flow Statement for the year ended 31 March 2024**
|**St Mary's Eltham Community Centres Association**
**Cash Flow Statement**
**for the year ended 31 March 2024**|||
|---|---|---|
|**Notes**
**Net cash generated from operating activities**
13
**Cash flows from investing activities**
Interest received
3
Purchase of fixed assets
**Change in cash and cash equivalents in the period**
Cash and cash equivalents brought forward
**Cash and cash equivalents carried forward**
Consisting of:
Cash at bank and in hand|**Total funds**
**2024**
**£**
(3,850)
12,532
-
8,682
344,760
353,442
353,442|**Total funds**
**2023**
**£**
(40,600)
2,332
-|
|||(38,268)
383,028|
|||344,760|
|||344,760|
The attached notes form part of the accounts
Page 14
**St Mary's Eltham Community Centres Association Notes to the Accounts for the year ended 31 March 2024**
## **1 Accounting policies**
## _**Basis of preparation of accounts**_
The financial statements have been prepared under the historical cost convention, and are in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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 and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
Fund Accounting
- Unresticted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity
- Restricted funds are subjected to restrictions on their expenditure imposed by the donor
- Designated funds are unrestricted funds held in contingency
## _**Incoming resources**_
Voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accouning periods or donors conditions have not been fulfilled, then income is deferred. The income from fees is recorded gross.
## _**Grants receivable**_
Grants receivable are recorded on the accruals basis
## _**Resources expended**_
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.
Expenditure which is directly attributable to specific activities have been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of these resources.
## _**Depreciation**_
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided on all fixed assets at rates calculated to write off the cost over their useful economic lives as follow:
Furniture and equipment
10% reducing balance
## _**Governance costs**_
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examiner's fees and costs linked to the strategic management of the charity.
## _**Value added tax**_
Value added tax is not recoverable by the charity, and as such is included in the relevant cost in the Statement of Financial Activities.
## _**Pensions**_
The company operates a defined benefit contribution scheme operated by the Royal Borough of Greenwich. Under FRS 102, as this is a multi-employer scheme and it is not possible to identify the share of the underlying assets and liabilities belonging to the charity, the scheme is treated as a defined contribution pension scheme for the purposes of the accounts. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 15
## **St Mary's Eltham Community Centres Association Notes to the Accounts for the year ended 31 March 2024**
## **Financial instruments**
Basic financial assets and liabilities are initially recognised as the amount receivable or payable including any related transaction costs and subsequently under the effective interest method. There are no non-basic financial instruments.
## **2 Grants receivable and donations**
|General (page 20)
**3**
**Investment income**
General (page 20)
**4**
**Other incoming resources**
General (page 20)
Media Resources (page 21)
**5**
**Direct charitable expenditure**
General (page 20)
Media Resources (page 21)
**6**
**Governance costs**
General (page 20)||**Restricted**
**funds**
**£**
17,500
17,500
**Restricted**
**funds**
**£**
-
-
**Restricted**
**funds**
**£**
-
-
-
**Restricted**
**funds**
**£**
17,500
14
17,514
**Restricted**
**funds**
**£**
-
-||**Unrestricted**
**funds**
**£**
-
-
**Unrestricted**
**funds**
**£**
12,532
12,532
**Unrestricted**
**funds**
**£**
230,038
-
230,038
**Unrestricted**
**funds**
**£**
233,528
-
233,528
**Unrestricted**
**funds**
**£**
750
750||**2024**
**£**
17,500
17,500
**2024**
**£**
12,532
12,532
**2024**
**£**
230,038
-
230,038
**2024**
**£**
251,028
14
251,042
**2024**
**£**
750
750||**2023**
**£**
40,000|
|---|---|---|---|---|---|---|---|---|
||||||||||
|||||||||40,000|
|||||||||**2023**
**£**
2,332|
||||||||||
|||||||||2,332|
|||||||||**2023**
**£**
174,235
-|
||||||||||
|||||||||174,235|
|||||||||**2023**
**£**
251,948
16|
||||||||||
|||||||||251,964|
|||||||||**2023**
**£**
750|
||||||||||
|||||||||750|
Page 16
## **St Mary's Eltham Community Centres Association Notes to the Accounts for the year ended 31 March 2024**
## **7 Net movement in funds for the year**
|The net movement is after charging:
Depreciation of tangible fixed assets
Independent Examiner's fee|**2024**
**£**
534
750|**2023**
**£**
595
750|
|---|---|---|
## **8 Staff costs** No remuneration was paid to trustees. The staff costs of the remaining staff were:
|Wages and salaries
Social security costs
Pension costs||**2024**
**£**
177,682
7,471
29,969
215,122||**2023**
**£**
176,450
9,260
27,824|
|---|---|---|---|---|
|||||213,534|
The average weekly number of staff employed, calculated as full time equivalents during the year was as follows:
|Direct charitable work
Governance||**2024**
**FTE**
7
-
7||**2023**
**FTE**
7
-|
|---|---|---|---|---|
|||||7|
No employee received remuneration over £60,000 in the year.
Remuneration to key management personnel in the year amounted to £68,813 (including employer pension contributions of £9,798) (2023 : £68,100 (including employer pension contributions of £9,655)).
## **9 Tangible fixed assets**
|**Cost**
At 1 April 2023
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2023
At 31 March 2024|**Furniture and**
**equipment**
**General**
**£**
42,013
42,013
36,807
520
37,327
5,206
4,686|**Furniture and**
**equipment**
**Media**
**Resources**
**£**
7,922
7,922
7,781
14
7,795
141
127|**Total**
**£**
49,935|
|---|---|---|---|
||||49,935|
||||44,588
534|
||||45,122|
||||5,347|
||||4,813|
Page 17
## **St Mary's Eltham Community Centres Association Notes to the Accounts for the year ended 31 March 2024**
|**10 Debtors**
Trade debtors
Other debtors
**11 Creditors : amounts falling due within one year**
Trade creditors
Other taxes and social security costs
Accruals
**12 Accumulated fund**
At 1 April 2023
Retained (deficit)/ surplus
At 31 March 2024|**2024**
**£**
9,226
-
9,226
**2024**
**£**
1,675
3,109
4,338
9,122
**2024**
**£**
350,081
8,278
358,359|**2023**
**£**
3,515
364|
|---|---|---|
|||3,879|
|||**2023**
**£**
3,055
-
850|
|||3,905|
|||**2023**
**£**
386,228
(36,147)|
|||350,081|
|St. Mary's meets statutory obligations to hold|minimum reserves to cover 3|minimum reserves to cover 3|months running|
|---|---|---|---|
|costs in the event of winding down the Association.||||
|**Accumulated fund 2023/24**||||
||**Restricted**|**Designated**|**Unrestricted**|
|Statutory reserves|-|174,388|-|
|Long Term Sickness Fund|-|10,000|-|
|Development fund|-|-|-|
|Fixed Assets|-|4,686|-|
|Media Resources|127|-|-|
|Friends of St Mary's|-|-|-|
|General Reserve - general account balance|13,920|-|155,238|
||14,047|189,074|155,238|
|**Accumulated fund 2022/23**||||
||**Restricted**|**Designated**|**Unrestricted**|
|Statutory reserves|-|174,388|-|
|Long Term Sickness Fund|-|10,000|-|
|Fixed Assets|-|5,206|-|
|Media Resources|141|-|-|
|Friends of St Mary's|-|-|-|
|General Reserve - general account balance|13,920|-|146,426|
||14,061|189,594|146,426|
Page 18
## **St Mary's Eltham Community Centres Association Notes to the Accounts for the year ended 31 March 2024**
## **13 Reconciliation of net movements in funds to net cash flow from operating activities**
|Net movement in funds
Add back depreciation
Less interest received
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash generated from operating activities|**2024**
**£**
8,278
534
(12,532)
(5,347)
5,217
(3,850)|**2023**
**£**
(36,147)
595
(2,332)
47
(2,763)|
|---|---|---|
|||(40,600)|
Page 19
## **St Mary's Eltham Community Centres Association General Income and Expenditure account for the year ended 31 March 2024**
|**Income from use of facilities and catering**
Affiliation fees
Hire fees - affiliated
Hire fees - other
Catering income
Sundry income
**Grants**
**Restricted**
Royal Borough of Greenwich core funding
**Total grants**
**Investment income**
Interest receivable
**Media Resources (page 21)**
**Total income**
**EXPENSES**
**Direct Charitable Expenses**
Catering expenses
Wages and salaries
Pension costs
Staff travel
Water Rates
Light and heat
Cleaning
Telephone and fax
Stationery, postage and printing
Sundry expenses
Bad debts
Repairs and maintenance
Depreciation
Insurance
Payroll fees
Advertising
**Governance costs**
Independent examiners fees
**Total expenses**
**(Deficit) / surplus for year**|**2024**
**£**
2,170
26,596
193,462
5,286
2,524
230,038
17,500
17,500
12,532
(14)
12,518
260,056
1,015
185,153
29,969
1,078
2,414
14,426
3,011
2,297
1,059
410
-
5,380
520
1,668
583
2,045
251,028
750
750
251,778
8,278|**2023**
**£**
2,475
18,835
149,538
1,830
1,557|
|---|---|---|
|||174,235|
|||40,000
40,000|
|||2,332
(16)|
|||2,316|
|||216,551|
|||376
185,710
27,824
1,035
780
14,188
3,439
2,345
1,064
395
280
8,799
579
2,602
633
1,899|
|||251,948|
|||750|
|||750|
|||252,698|
|||(36,147)|
Page 20
## **St Mary's Eltham Community Centres Association Media Resources Income and Expenditure account for the year ended 31 March 2024**
|**Income**
**Direct Charitable Expenses**
Depreciation
**(Deficit) for year**|**2024**
**£**
-
14
14
(14)|**2023**
**£**|
|---|---|---|
|||-|
|||16|
|||16|
||||
|||(16)|
Page 21