Company no. 03301167 Charity no. 1079436
# **Community in Partnership Knowle West Report and Unaudited Financial Statements**
**31 March 2024**
## **Community in Partnership Knowle West**
## **Reference and administrative details**
**For the year ended 31 March 2024**
|**Company number**|03301167||
|---|---|---|
|**Charity number**|1079436||
|**Registered office and**|Filwood Community Centre||
|**operational address**|Barnstaple Rd||
||Knowle West||
||Bristol||
||BS4 1JP||
|**Trustees**|Trustees, who are also directors under company law, who served during||
||the year and up to the date|of this report were as follows:|
||Xanthe Swift|Chair|
||Laye Babou|(appointed 16 November 2023)|
||Victoria Beckwith|(resigned 16 November 2023)|
||Catherine Bruce|(resigned 16 November 2023)|
||Bryony Daybell-Jones||
||Gaye Ellacott||
||Bob Fisher||
||Lisa Guppy||
||David Jones||
||Alan Mogg||
|**Bankers**|Lloyds Bank||
||284 Wells Rd||
||Knowle||
||Bristol||
||BS4 2PY||
|**Solicitors**|Knights||
||Springfield House||
||45 Welsh Back||
||Bristol||
||BS1 4AG||
|**Independent**|Godfrey Wilson Limited||
|**examiners**|Chartered accountants and|statutory auditors|
||5th Floor Mariner House||
||62 Prince Street||
||Bristol||
||BS1 4QD||
1
## **Community in Partnership Knowle West**
## **Report of the trustees**
## **For the year ended 31 March 2024**
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).
The board of trustees presents its report and financial statements for the year ended 31 March 2024. Due to the trustees’ status as directors under the Companies Act 2006, this report constitutes a directors’ report as required by the Companies Act 2006, and has been prepared taking advantage of the exemptions conferred by Part 15 of this Act.
## **Objects of the charity**
The charitable company’s objects are the promotion for public benefit of urban regeneration in the district of Knowle West by the following means:
- ▪the relief of poverty;
- ▪the relief of unemployment and provision of assistance to find employment;
- ▪the advancement of education and training;
- ▪the provision of assistance and advice to new and existing businesses;
- ▪the provision of work space;
- ▪the provision, improvement or maintenance of public amenities;
- ▪the provision of recreational facilities;
- ▪the protection of the environment;
- ▪the provision of public health facilities and childcare; and
- ▪the promotion of public safety and prevention of crime.
The Trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission when reviewing the Charity’s aims and objectives and in planning future activities.
## **Organisation**
The charitable company is managed by a board of trustees under the powers of the company contained within its memorandum and articles of association.
## **Status and governing document**
The organisation is a charitable company limited by guarantee, incorporated on 13 January 1997 and registered as a charity on 17 February 2000. The company changed its name from Knowle West Development Trust Limited to Community in Partnership Knowle West Limited on 22 January 2010. Minor alterations to the governing document were registered at Companies House on 12 March 2022, concerning the appointment and retirement of trustees.
## **Recruitment and induction of trustees**
The board of trustees has up to 15 members, of whom at least four must be local residents. Trustees are elected by the membership at the AGM, and serve for three years before retiring. Retiring trustees may stand for re-election. In addition the board may co-opt trustees, provided the total does not exceed 15. Co-opted trustees shall retire at the next AGM.
2
## **Community in Partnership Knowle West**
## **Report of the trustees**
## **For the year ended 31 March 2024**
All new trustees are issued with an induction pack which contains guidance on their respective responsibilities as trustees, and information on the work and organisation of the charitable company. New members are also encouraged to take up training in the role and responsibilities of trustees, such as that offered by VOSCUR.
## **Achievements and performance**
## **Activity and users**
Long standing community groups continued to attract regular customers, including the friendship group, vet clinic, boxing group, karate, and other groups needing a room for shorter periods.
The number of regular users (mainly attending weekly groups) varies with the seasons, but the average over the year increased from 740 in the previous year to 800 in the year 2023/24. The number of people attending one-off events at meetings, parties etc. rose from a total of 9,000 in the previous year to 13,400 in the year 2023/24.
## **Projects & Events**
Filwood Fantastic continued its programme of arts and cultural events and workshops supported by the Bristol Impact Fund and the Esmée Fairbairn Foundation.
Big events included the Coronation Knowle West Style and Knowle West Fest (both supported by the Bristol High Streets Fund), the Christmas Fair and two promotional days explaining the new plans for Filwood Community Centre (supported by the Levelling Up Fund).
There were regular events including food - the Easter and Valentine's craft days, a summer picnic (with the Refugee Council), and a Reggae brunch (with Bristol Beacon).
We supported the Lights! Lights! Lights! performance with local artists Claudia Collins and Megan Clark-Bagnall. This annual trip to see the Christmas lights of Knowle West was expanded to an eight night interactive theatre bus tour, with various stops along the way showcasing Knowle West Christmas lights, with dance, performance and community stories woven in throughout the show. Wellbeing workshops were held in January.
Photography, cyanotype making, painting and crafts were encouraged with several workshops.
Roller-skating turned out to be the most popular new activity and will be carried on regularly.
We continued the Warm Spaces initiative with film evenings in the winter months.
The Springboard personal development programme continues to offer an important service to local residents.
## **Partnerships**
Established working partnerships continued throughout the year. This included the Knowle West Alliance, Knowle West Media Centre, Bristol City Council and other local groups.
As part of the Levelling Up Fund work our aim is to set a new standard for co-operation between voluntary organisations and the Council.
Our Centre Director has been invited to speak at several national events on the subject of developing arts and cultural programmes with local people.
3
## **Community in Partnership Knowle West**
## **Report of the trustees**
## **For the year ended 31 March 2024**
## **Tenants and licensees**
The shop tenants who bring business and useful services into Filwood Broadway have continued unchanged this year and hope to benefit from the Council's plans for developing the high street. The same licensee tenants in the Centre are also still in residence, including Bristol Drugs Project, St Mungo's, Education First, Young & Free, Square Food, and Agile Homes.
## **Trustees & Governance**
An AGM was held in November 2023 to receive the annual report. The resignation of two trustees was accepted and thanks given for their long service and commitment. One new trustee was elected. The appointment of board officials was renewed after the AGM.
HR Policies and Staff contracts were updated and the new website was well received.
## **Refurbishment programme**
Bristol City Council has worked to a tight timetable in order to meet the Levelling Up Fund condition of completing the work by December 2025. They held a competition to choose the design team and carried out extensive consultation with the trustees and local stakeholders to refine the design.
Recognising the importance of communicating the plans to local residents, several promotional events have been arranged by the project team at the Centre in collaboration with the design team.
The design includes transferring the local library into new space within the Centre, which will help to secure the library's future.
## **Staff and volunteers**
Following the resignation of the Chief Operating Officer, the Creative Director was appointed as the Centre Director. New staff were recruited to support the consultation and liaison work required for the redevelopment project.
Volunteers were able to keep the IT suite serving local residents until funding was obtained to employ the qualified tutor. The payback teams continue to do a great job of keeping the Centre grounds tidy.
## **Thanks**
The trustees wish to thank the staff and volunteers for their hard work through the year, and for all those who encouraged and supported our work in many different ways.
We are also extremely grateful for the financial support of our grant funders, including the Esmée Fairbairn Foundation and Bristol City Council through the Bristol Impact Fund.
## **Financial review**
The charity made a surplus for the year of £173,399 compared to a deficit of £38,962 in the prior year. There was an unrestricted surplus of £78,392 and a restricted surplus of £95,007 after transfers.
The surplus for the year was unexpectedly high because several funders provided grants for the following year before the end of March 2024. As detailed in note 16, restricted revenue funds totalling £128,211 are carried forward to the following year (2024/25).
The charity had net assets of £482,368 at 31 March 2024, of which £142,913 were held in unrestricted reserves.
4
## **Community in Partnership Knowle West**
## **Report of the trustees**
## **For the year ended 31 March 2024**
The main funders were Bristol City Council and Esmée Fairbairn, who provided £246,249 and £60,000 of grants respectively.
The charity also receives rental income from properties on Filwood Broadway and letting out the community centre.
## **Reserves**
The free reserves of the charitable company (total unrestricted funds less unrestricted funds held as fixed assets) at 31 March 2024 are £82,672. The trustees' reserves policy is to hold in free reserves between three and six months of core expenditure. Based on 2023/24 expenditure, this would give a free reserves target of between £69k and £138k. The trustees are satisfied with the level of reserves held.
## **Plans for 2024/25**
The next financial year will include planning for the refurbishment work which includes working out how to maintain as much as possible of the current level of activity, the Council will be co-operating in assisting this. It is likely that the Centre will have to close at the start of the building works in December, so alternative accommodation will be needed for several months. Employment at the Centre during the closure will be protected as part of the Levelling Up funding.
A business plan ready for the enlarged new building is being drawn up.
New grant funding for cultural events has been received, and the Filwood Fantastic project will continue and expand.
## **Statement of responsibilities of the trustees**
The trustees (who are also directors of the charity 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, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- ▪ observe the methods and principles in the Charities SORP; ▪ make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. 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.
5
## **Community in Partnership Knowle West**
## **Report of the trustees**
## **For the year ended 31 March 2024**
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
## **Independent examiners**
Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 17 September 2024 and signed on their behalf by
X Swift - Chair of Trustees
6
## **Independent examiner's report**
## **To the trustees of**
## **Community in Partnership Knowle West**
I report to the trustees on my examination of the accounts of Community in Partnership Knowle West (the charitable company) for the year ended 31 March 2024, which are set out on pages 8 to 23.
## **Responsibilities and basis of report**
As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement - matter of concern identified**
Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (1) accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
- (2) the accounts do not accord with those records; or
- (3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
- (4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## Dougal Howard
Date: 18 September 2024 **Dougal Howard ACA Member of the ICAEW** For and on behalf of: **Godfrey Wilson Limited** Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
7
## **Community in Partnership Knowle West**
**Statement of financial activities** _(incorporating an income and expenditure account)_
## **For the year ended 31 March 2024**
|Note
**Income from:**
_Donations and legacies_
3
_Charitable activities:_
Grants
4
Events
Hire of rooms
_Other trading activities:_
Bar income
_Investments:_
Rental property income
Bank interest receivable
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
6
**Net income / (expenditure)**
Transfers between funds
**Net movement in funds**
8
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|Restricted Unrestricted
£
£
-
19,137
315,812
-
-
1,738
-
135,353
-
10,505
-
18,916
-
1,131
315,812
186,780
-
11,009
220,205
97,979
220,205
108,988
95,607
77,792
(600)
600
95,007
78,392
244,448
64,521
339,455
142,913|**2024**
**Total**
**£**
**19,137**
**315,812**
**1,738**
**135,353**
**10,505**
**18,916**
**1,131**
**502,592**
**11,009**
**318,184**
**329,193**
**173,399**
**-**
**173,399**
**308,969**
**482,368**|2023
Total
£
664
124,547
2,598
117,621
12,448
18,465
29|
|---|---|---|---|
||||276,372|
||||30,633
284,701|
||||315,334|
||||(38,962)
-|
||||(38,962)
347,931|
||||308,969|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 16 to the accounts.
8
## **Community in Partnership Knowle West**
## **Balance sheet**
## **As at 31 March 2024**
|**As at 31 March 2024**|||||
|---|---|---|---|---|
||||**2024**|2023|
||Note|**£**|**£**|£|
|**Fixed assets**|||||
|Tangible assets|11||**271,485**|284,345|
|**Current assets**|||||
|Stock|12|**1,364**||3,744|
|Debtors|13|**18,763**||15,107|
|Cash at bank and in hand||**218,587**||30,002|
|||**238,714**||48,853|
|**Liabilities**|||||
|Creditors: amounts falling due within 1 year|14|**(27,831)**||(24,229)|
|**Net current assets**|||**210,883**|24,624|
|**Net assets**|15||**482,368**|308,969|
|**Funds**|16||||
|Restricted funds|||||
|Capital|||**211,244**|219,906|
|Revenue|||**128,211**|24,542|
|Unrestricted funds|||||
|Designated funds|||**-**|4,888|
|General funds|||**142,913**|59,633|
|**Total charity funds**|||**482,368**|308,969|
The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for:
- (i) ensuring that the Company keeps proper accounting records which comply with section 386 of the Act; and
- (ii) preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.
Approved by the trustees on 17 September 2024 and signed on their behalf by
X Swift - Chair of Trustees
9
## **Community in Partnership Knowle West**
## **Statement of cash flows**
## **For the year ended 31 March 2024**
|**Net movement in funds**
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Decrease / (increase) in stock
Increase in debtors
Increase / (decrease) in creditors
**Net cash provided by / (used in) operating activities**
**Cash flows from investing activities:**
Purchase of tangible fixed assets
Dividends, interest and rents from investments
**Net cash provided by investing activities**
**Increase / (decrease) in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2024**
**£**
**173,399**
**15,259**
**(20,047)**
**2,380**
**(3,656)**
**3,602**
**170,937**
**(2,399)**
**20,047**
**17,648**
**188,585**
**30,002**
**218,587**|2023
£
(38,962)
14,403
(18,494)
(1,972)
(6,238)
(2,692)|
|---|---|---|
|||(53,955)|
|||(12,124)
18,494|
|||6,370|
|||(47,585)
77,587|
|||30,002|
The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.
10
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **1. Accounting policies**
## **a) Basis of preparation**
Community in Partnership Knowle West is a charitable company limited by guarantee registered in England and Wales. The registered office address is Filwood Community Centre, Barnstaple Road, Knowle West, Bristol, BS4 1JP.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Community in Partnership Knowle West meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **b) Going concern basis of accounting**
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. This is usually when the grant has been received.
## **d) Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
11
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
**1. Accounting policies (continued)**
## **e) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
## **f) Funds accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## **g) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **h) Allocation of support and governance costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated in full to charitable activities as all support and governance costs are for the running of the community centre.
## **i) Tangible fixed assets**
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Short leasehold property Straight line over the life of the lease Property improvements Straight line over the life of the lease Furniture and fixtures 25% straight line Equipment 25% straight line
Items of equipment are capitalised where the purchase price exceeds £1,000.
12
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **1. Accounting policies (continued)**
## **j) Stock**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **k) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **l) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **m) Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **n) Financial instruments**
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
## **o) Pension costs**
The charitable company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.
## **p) Redundancy and termination payments**
Where an employee receives a termination benefit the full cost is recognised at the date the employee is notified.
## **q) Accounting estimates and key judgements**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note 1i.
13
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **2. Prior period comparatives: statement of financial activities**
|**Income from:**
_Donations and legacies_
_Charitable activities:_
Grants
Events
Hire of rooms
_Other trading activities:_
Bar income
_Investments:_
Rental property income
Bank interest receivable
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net expenditure and movement in funds**
**3.**
**Donations**
Grants
Donations|Restricted
£
£
-
664
124,512
35
-
2,598
-
117,621
-
12,448
-
18,465
-
29
124,512
151,860
-
30,633
147,504
137,197
147,504
167,830
(22,992)
(15,970)
**2024**
**Total**
**£**
**18,837**
**300**
**19,137**
Unrestricted|**2023**
**Total**
**£**
**664**
**124,547**
**2,598**
**117,621**
**12,448**
**18,465**
**29**|
|---|---|---|
|||**276,372**|
|||**30,633**
**284,701**|
|||**315,334**|
|||**(38,962)**|
|||2023
Total
£
**-**
664|
|||664|
All income from donations in the current and prior year was unrestricted.
14
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **4. Grants**
|**Grants > £5,000**
Bristol City Council
Esmée Fairbairn
Pfizer
**Grants < £5,000**
**Total grants**
**Prior period comparative:**
**Grants > £5,000**
Bristol City Council
Sport England
Sported Foundation
**Grants < £5,000**
**Total grants**|Restricted
£
£
246,249
-
60,000
-
5,000
-
4,563
-
315,812
-
Restricted
£
£
98,621
-
7,271
-
9,980
-
8,640
35
124,512
35
Unrestricted
Unrestricted|**2024**
**Total**
**£**
**246,249**
**60,000**
**5,000**
**4,563**|
|---|---|---|
|||**315,812**|
|||2023
Total
£
98,621
7,271
9,980
8,675|
|||124,547|
## **5. Government grants**
The charitable company receives government grants, defined as funding from Bristol City Council (2023: and Sport England) to fund charitable activities. The total value of such grants in the period ending 31 March 2024 was £246,249 (2023: £105,892). There are no unfulfilled conditions or contingencies attaching to these grants in 2023/24.
15
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **6. Total expenditure**
|**Total expenditure**||||
|---|---|---|---|
|Staff costs (note 9)
Bar and café costs
Rent and rates
Utilities
Health and safety
Cleaning
Travel and subsistence
Printing, postage and stationery
Advertising
Telephone and broadband
Legal and professional fees
Accountancy costs
Maintenance
IT costs
Insurance
Subscriptions
Bank charges
Volunteer gifts and expenses
Events and activity costs
Grants payable (note 7)
Recruitment costs
Depreciation
**Sub-total**
Allocation of support and governance costs
**Total expenditure**|£
11,009
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
11,009
-
**11,009**
Raising
funds|£
£
143,174
26,972
9,230
-
12,011
-
28,113
-
4,777
-
2,641
-
-
926
-
1,653
-
565
1,230
-
-
5,164
-
2,820
-
18,237
2,024
-
-
4,477
-
398
-
332
-
250
32,387
-
5,479
-
-
65
-
15,259
241,066
77,118
77,118
(77,118)
**318,184**
**-**
Charitable
activities
Support and
governance
costs|**2024**
**Total**
**£**
**181,155**
**9,230**
**12,011**
**28,113**
**4,777**
**2,641**
**926**
**1,653**
**565**
**1,230**
**5,164**
**2,820**
**18,237**
**2,024**
**4,477**
**398**
**332**
**250**
**32,387**
**5,479**
**65**
**15,259**|
||||**329,193**
-|
||||**329,193**|
Total governance costs were £2,820 (2023: £2,640).
16
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **6. Total expenditure (continued) Prior period comparative**
|Staff costs (note 9)
Bar and café costs
Rent and rates
Utilities
Health and safety
Cleaning
Travel and subsistence
Printing, postage and stationery
Advertising
Telephone and broadband
Legal and professional fees
Accountancy costs
Maintenance
IT costs
Insurance
Subscriptions
Bank charges
Bad debts
Volunteer gifts and expenses
Events and activity costs
Grants payable (note 7)
Recruitment costs
Depreciation
Sub-total
Allocation of support and governance costs
Total expenditure
**7.**
**Grants payable**
Grants payable to institutions:
Knowle West Media Centre|£
30,633
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
30,633
-
30,633
Raising
funds|£
£
117,601
33,293
7,793
-
9,919
-
31,501
-
5,341
-
2,234
-
-
2,627
-
2,480
-
2,667
131
-
-
4,507
-
3,468
-
16,004
1,367
-
-
4,836
-
1,708
-
368
320
-
-
53
8,215
-
12,490
-
-
1,375
-
14,403
196,912
87,789
87,789
(87,789)
284,701
-
**2024**
**£**
**5,479**
Charitable
activities
Support and
governance
costs|£
181,527
7,793
9,919
31,501
5,341
2,234
2,627
2,480
2,667
131
4,507
3,468
16,004
1,367
4,836
1,708
368
320
53
8,215
12,490
1,375
14,403
2023
Total|
|---|---|---|---|
||||315,334
-|
||||315,334|
||||2023
£
12,490|
17
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
**8. Net movement in funds**
This is stated after charging:
|Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiners' remuneration (excluding VAT):
Independent examination|**2024**
**£**
**15,259**
**Nil**
**Nil**
**2,350**|2023
£
14,403
Nil
Nil
2,200|
|---|---|---|
In common with other charities of our size and nature we use our independent examiners to assist with the preparation of the financial statements.
## **9. Staff costs and numbers**
Staff costs were as follows:
|Salaries and wages
Social security costs
Pension costs
Redundancy and terminations
Freelancers|**2024**
**£**
**161,875**
**3,197**
**1,971**
**-**
**14,112**
**181,155**|2023
£
164,880
3,670
2,065
9,088
1,824|
|---|---|---|
|||181,527|
In the prior year, redundancy costs comprises payments of £9,088 to two employees, funded from unrestricted reserves.
No employee earned more than £60,000 during the current or prior year.
The key management personnel of the charitable company comprise the Trustees. The trustees do not receive any remuneration for their role.
|Average head count|**2024**
**No.**
**12.6**|2023
No.
14.4|
|---|---|---|
## **10. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
18
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **11. Tangible fixed assets**
|**Cost**
At 1 April 2023
Additions in year
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
**At 31 March 2024**
At 31 March 2023
**12. Stock**
Bar stock
**13. Debtors**
Trade debtors
Other debtors|£
£
£
75,000
251,250
120,597
-
-
719
**75,000**
**251,250**
**121,316**
29,120
18,624
116,472
1,120
10,050
2,810
**30,240**
**28,674**
**119,282**
**44,760**
**222,576**
**2,034**
45,880
232,626
4,125
Short
leasehold
property
Property
improvements
Furniture and
fittings|£
6,002
1,680
**7,682**
4,288
1,279
**5,567**
**2,115**
1,714
**2024**
**£**
**1,364**
**2024**
**£**
**16,320**
**2,443**
**18,763**
Equipment|**Total**
**£**
**452,849**
**2,399**|
|---|---|---|---|
||||**455,248**|
||||**168,504**
**15,259**|
||||**183,763**|
||||**271,485**|
||||284,345|
||||2023
£
3,744|
||||2023
£
14,210
897|
||||15,107|
19
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **14. Creditors : amounts due within 1 year**
|**Creditors : amounts due within 1 year**|||
|---|---|---|
|Trade creditors
Accruals
Other creditors
Other taxation and social security|**2024**
**£**
**5,651**
**12,181**
**7,165**
**2,834**
**27,831**|2023
£
7,840
8,017
6,647
1,725|
|||24,229|
## **15. Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
**Net assets at 31 March 2024**
**Prior period comparative**
Tangible fixed assets
Current assets
Current liabilities
**Net assets at 31 March 2023**|Restricted
funds
£
219,906
31,008
(6,466)
244,448|Restricted
funds
£
211,244
128,211
-
**339,455**
Designated
funds
£
-
4,888
-
4,888|General
funds
£
60,241
110,503
(27,831)
**142,913**
General
funds
£
64,439
12,957
(17,763)
59,633|**Total**
**funds**
**£**
**271,485**
**238,714**
**(27,831)**|
|---|---|---|---|---|
|||||**482,368**|
|||||Total
funds
£
284,345
48,853
(24,229)|
|||||308,969|
20
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **16. Movements in funds**
|||||Transfers||
|---|---|---|---|---|---|
||At 1 April|||between|
**At 31 March**|
||2023|Income|Expenditure|funds|**2024**|
||£|£|£|£|**£**|
|**Restricted funds**||||||
|**Capital**||||||
|KWDT Core|45,880|-|(1,120)|-|**44,760**|
|Property improvements fund|174,026|-|(7,542)|-|**166,484**|
|**Revenue**||||||
|BCC Levelling Up Fund|-|148,600|(77,598)|-|**71,002**|
|BCC Steering Group|-|450|-|-|**450**|
|BCC Imagination Fund|-|1,520|(1,520)|-|**-**|
|BCC Sharing Stories|-|8,750|-|-|**8,750**|
|BCC Roof Repairs|-|13,504|(13,504)|-|**-**|
|Bristol Impact Fund|4|60,225|(43,825)|-|**16,404**|
|Esmée Fairbairn|-|60,000|(29,895)|-|**30,105**|
|Feeding Bristol|-|3,000|(1,500)|-|**1,500**|
|High Street Fund|19,048|12,000|(31,048)|-|**-**|
|Knowle West Media Centre|-|600|-|(600)|**-**|
|Pfizer Ltd|-|5,000|(5,000)|-|**-**|
|Sport Foundation|4,480|-|(4,480)|-|**-**|
|SSE - SBES|773|-|(773)|-|**-**|
|Sustainable Redland|237|-|(237)|-|**-**|
|Welcome Space|-|2,163|(2,163)|-|**-**|
|**Total restricted funds**|244,448|315,812|(220,205)|(600)|**339,455**|
|**Unrestricted funds**||||||
|_Designated funds:_||||||
|Redundancy fund|4,888|-|-|(4,888)|**-**|
|**Total designated funds**|4,888|-|-|(4,888)|**-**|
|General funds|59,633|186,780|(108,988)|5,488|**142,913**|
|**Total unrestricted funds**|64,521|186,780|(108,988)|600|**142,913**|
|**Total funds**|308,969|502,592|(329,193)|-|**482,368**|
|**Purposes of restricted funds**||||||
|KWDT Core|This is funding|for future lease amortisation.||||
Property improvements fund Funding received for ongoing building repairs and future depreciation.
21
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **16. Movements in funds (continued) Purposes of restricted funds (continued)**
BCC Levelling Up Fund
Funding for salaries of staff supporting the design, communication and engagement work required for the Centre refurbishment project.
BCC Steering Group Funding for salaries of staff assisting with the BCC steering group. BCC Imagination Fund Funding to support the Filwood Fantastic project. BCC Sharing Stories Funding for salaries and activities costs of staff assisting with the BCC Sharing Stories project.
BCC Roof Repairs Funding for roof repairs. Bristol Impact Fund This grant is to enable us to continue the Centre's activities by supporting the salaries of our staff and activities. Esmée Fairbairn Funding to grow a community cultural hub of creativity, wellbeing, and learning. Feeding Bristol Funding to provide food during our community activities. High Street Fund Funding provided to put on cultural events in 2023. Knowle West Media Centre Funding the purchase of a television. Pfizer Ltd Funding to support our Creative Director (now Director) to attend a Scaling Up course with School For Social. Sport Foundation Funding provided to increase our provision of sports activities. SSE - SBES This is a fund to develop a membership scheme. Expenditure represents the payment of salaries and incidental equipment and expenses. Sustainable Redland This grant was towards the costs of our community garden. Welcome Space Community welcome spaces during cold winter spell.
## **Transfers between funds**
Transfers from restricted funds represents the purchase of capital items of expenditure. The transfer between designated funds represents a change in disclosure to recognise reserves within unrestricted general funds.
22
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **16. Movements in funds (continued)**
|**Prior period comparative**
**Restricted funds**
**Capital**
KWDT Core
Property improvements fund
**Revenue**
BCC Digital Gatherings
Bristol Impact Fund 2022
Springboard (Impact fund)
Filwood Fantastic
BCC CIL Funding
Hearts and Stars
High Street Fund
Sport Foundation
SSE - SBES
Welcome Space
Sustainable Redland
School for Social SESF
**Total restricted funds**
_Designated funds:_
Redundancy fund
**Total designated funds**
General funds
**Total unrestricted funds**
**Total funds**
**Unrestricted funds**|At 1 April
2022
£
47,000
174,297
-
1,500
1,834
20,000
10,333
2,239
-
-
-
-
237
10,000
267,440
8,861
8,861
71,630
80,491
347,931|Income
£
-
7,271
400
46,312
-
18,840
-
-
36,208
9,980
5,021
480
-
-
124,512
-
-
151,860
151,860
276,372|£
(1,120)
(7,542)
(400)
(47,808)
(1,834)
(38,840)
(10,333)
(2,239)
(17,160)
(5,500)
(4,248)
(480)
-
(10,000)
(147,504)
-
-
(167,830)
(167,830)
(315,334)
Expenditure|£
£
-
45,880
-
174,026
-
-
-
4
-
-
-
-
-
-
-
-
-
19,048
-
4,480
-
773
-
-
-
237
-
-
-
244,448
(3,973)
4,888
(3,973)
4,888
3,973
59,633
-
64,521
-
308,969
Transfers
between
funds
At 31 March
2023|£
£
-
45,880
-
174,026
-
-
-
4
-
-
-
-
-
-
-
-
-
19,048
-
4,480
-
773
-
-
-
237
-
-
-
244,448
(3,973)
4,888
(3,973)
4,888
3,973
59,633
-
64,521
-
308,969
Transfers
between
funds
At 31 March
2023|
|---|---|---|---|---|---|
||||||244,448|
||||||4,888|
||||||4,888
59,633|
||||||64,521|
||||||308,969|
## **17. Related party transactions**
There were no related party transactions in the current or prior year.
23