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← Tamar View Community Complex

2024-09-30-accounts

Registered Charity Number . 1082551 TAMAR VIEW COMMUNITY COMPLEX LTD TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

TAMAR VIEW COMMUNITY COMPLEX LTD LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 Trustees Susan Barnett Shane Jeffery Margaret Boadella Anthony Launce 1082551 Charity Number Company Number 04061382 Registered Office Miers Close Plymouth PL5 IDJ Bankers Lloyds TSB Bank plc Raleigh Street Derry's Cross Plymouth Benjamin Houston Mountain Top Accountants Ltd 3 Buckland House Plymouth PL6 5WR Independent Examiner

TAMAR VIEW COMMUNITY COMPLEX LTD CONTENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet 9-10 Notes to the Financial Statements 11-19

TAMAR VIEW COMMUNITY COMPLEX LTD TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their annual report and financial statements for the year ended 30th September 2024. Trustees, report and financial statements 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 30 September 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 l January 2019). Structure, Governance and Management Governing Document The company is a charitable company limited by guarantee, Incorporated on 29th August 2000 (Company Number 4061382) and registered as a charity on 22 September 2000 {Charity Number 1082551). The Company was established under a Memorandum of Association which established the objects and powers of the Charitable company and is governed under its Articles of Association. In the event of the company being wound up members (trustees) are required to contribute an amount not exceeding £1. The directors of the company are also charity trustees; under the requirements of the Memorandum and Articles of Association a trustee is elected to serve for a period three years after which they must be re- elected at the next Annual General Meeting. Appointment, Induction and training of Trustees The trustees are already familiar with the practical work of the charity having been encouraged to spend time with the Company Secretary/General Manager and Centre Manager who are responsible for the day to day management of the company and to take forward projects on behalf of the company. Trustees are aware of the vision of the company and how this is being achieved. Both New and current trustees are invited and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These sessions cover: Duties and Responsibilities of trustees Main documents which set out the operational framework for the charity Future plans and objectives Risk Management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Objectives and Activities The three main objectives: l. To promote the benefit of the Inhabitants of Barne Barton and surrounding area without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of social welfare for the recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants. 2. To establish, or secure the establishment of, a Community Centre {hereinafter called 'the Centre,) and to maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects. 3. To promote such other charitable purposes as may from time to time be determined. Tamar View Community Complex (TVCC) is situated to the northern west of Plymouth in the neighbourhood of Barne Barton the area has at least 1900 dwellings and is one of the most deprived neighbourhoods in Plymouth and in the top 5 percent nationally (IMD 2019) and has 3 LSOA areas within its immediate area of operation. TVCC manages a number of buildings of which it owns the freehold on the Barne Baron estate. The buildings two of which were purchased and two built by TVCC provide for the needs of our residents, by the provision of such things as access to local shoppingfacilities, cash point, top up facilities for utilities, early years, nursery, youth club, church, training facilities, access to IT, keep fit classes, parent and toddler group. as well as providing facilities for the recreational and leisure time occupation of the residents of the area. The community centre and our resource centre act as key resources to facilitate a range of user-led activities creating opportunities for social, leisure and personal development such as the keep fit class, job club, parent and toddler group, and Church services and a Food Bank and Food Hub. The trustees, our General Manager and Centre Manager seek to maximise public benefit of als our available facilities and resources and are mindful of this as they seek to improve a range of services and activities available for our community. Strategic Report Charitable activities Trustees work closely with both the General Manager and Centre Manager, all trustees are local residents so are aware of local issues in the community and can bring matters to the attention of the trust to help its response. Both the General Manager and Centre Manager as well as our two youth workers are also local residents which allows TVCC to be responsive at all levels within the community. Rooms within the centre and the Resource centre are available for hire and are used for the provision of activities and services. Such as the Youth Club, Food Bank, Food Hub, Veterans facilities which include a Drop in Advice service with Help 4 Heroes, a Pie and Mash night and other social events specifically for Veterans, Warm & Welcoming Space Other Activities The improvements work for which £IOOK had been set aside were completed and the trustees have taken the opportunity to continue the improvements to the centre by improving the outside area by the installation of a decking area which has given a large flat usable area at the cost of £12.5K. Unfortunately, we suffered a small set back when a vehicle drove into the centre causing some major damage to the

entrance which has resulted in a large expenditure showing under Repairs of over £27K we are still awaiting the final payment from the insurance company to fully settle the insurance claim. Future Plans We are in the process of setting up a 'Friends Group, for which we have a number of volunteers, these will be responsible for the running of the Food Hub, Toddler Group and other activities such as Bingo for both Children and Adults, running the Warm and Welcoming space. The group will be constituted in their own right with their own management committee and bank accounts. Financial Review The charities income has decreased to £114,568 {2023 £159,671) showing we are showing an overall deficit of £65,570 due to the drop in income of £34,542 from donations and legacies, £13,745 in Rents and a large expenditure for Repairs. Reserves policy The charitvs policy is to maintain free reserves of £90,000 which is equivalent to approximately 6 months operating costs. Free reserves are those unrestricted reserves, that are not tied up in fixed assets. At present, the charity has resep4es in excess of £lll,000. The trustees will continue to monitor the level of reserves closely. Trustees The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Susan Barnett Shane Jeffery Margaret Boadella Anthony Launce Trustees, responsibilities statement The trustees, who are also the directors of Charity For Tamar View Community Complex Ltd for the purpose of company law, are responsible for preparingthe 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these 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 estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They 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. This report was approved by the trustee and signed on its behalf by: Susan Barnett Trustee Date .

TAMAR VIEW COMMUNITY COMPLEX LTD INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Independent Examiners Report to the trustees of Tamar View Community Centre Limited on the accounts for the period ended 30th September 2024 I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th September 2024. Responsibilities and basis of report As the charitvs trustees of the Company (who are also the directors of the company 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 Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charit¢s accounts as carried out under section 145 of the Charities Art2011 ("the 2011 Act"). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(51(b) of the 2011Act. Independent Examiners Statement I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that: accounting records were not kept in accordance with section 386 of the Companies Act 2006; or the accounts do not accord with such records; or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the Charities SORP {FRS102). 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. Mountain Top Accountants Limited 3 Buckland House Plymouth PL6 5WR Name: Benjamin Houston Date:

TAMAR VIEW COMMUNITY COMPLEX LTD STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Total Funds 2024 Total Funds 2023 Recommended categories by artivity Unrestricted Restricted funds income funds Notes Income and endowments from: Donations and legacies 85,358 50,816 50.816 Charitable activities 2,170 2,170 2,241 Investments 32.950 32,950 44,052 Other 28.632 28,632 28,020 Total 114.568 114,568 159,671 Expenditure on: Raising funds 8,267 8,267 6,067 Charitable activities 136,975 136,975 121,939 Other 24,232 10,664 34,896 36,130 Total 169,474 10,664 180.138 164,136 Net income/(expenditure) (54,906) (10.6641 (65.570) (4,4651 Net movement in funds (54.906) {10,664) (65.570) 14,465) Reconciliation of funds: Total funds brought forward 510,378 308,105 818,483 822,948 Total funds carried forward 455.472 297.441 752.913 818,483

TAMAR VIEW COMMUNITY COMPLEX LTD BALANCE SHEET FOR THE YEAR ENDED 30 SEPTEMBER 2024 Recommended categories by activity Total Funds 2024 Total Funds 2023 Notes Fixed assets Tangible assets 10 671,303 705,482 Total fixed assets 671,303 705.482 Current assets Debtors 11 5.376 1,961 Cash at bank and in hand 12 111,468 167,297 Total current assets 116,844 169,258 Creditors: amounts falling due within one year 13 18,185 23,998 Net current assets/(liabillties) 98.659 145,260 Total assets less current liabilities 769,962 850.742 Creditors: amounts falling due after one year 14 17,109 32,259 Total net assets or liabilities 752,853 818.483 Funds of the Charity Unrestricted funds 15 455,472 510,378 Restricted income funds 15 297,441 308,105 Total funds 752.913 818,483 For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its account5 for the year in question in accordance with section 476.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees ou. and signed on its behalf by: Susan Barnett Trustee Date . 10

TAMAR VIEW COMMUNITY COMPLEX LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 l. Accounting Policies The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. 1.1 Basis of preparation These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation. These accounts have been prepared in accordance with "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 IFRS 102)" (effective l January 20191- (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Charities Act 2011. These accounts are presented in pounds sterling and rounded to the nearest pound. 1.2 Going concern The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts. 1.3 Legacies Legacies are included in the SOFA when receipt is probable. that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. 1.4 Government grants The charity has received government grants in the reporting period 1.5 Contractual income and performance related grants This is only included in the SOFA once the charity has provided the related goods or services or met the performance related conditions. 1.6 Donated goods Donated goods are measured at fair value {the amount for which the asset could be exchanged) unless impractical to do so. Gifts in kind for use by the charity are included in the SOFA as income from donations when receivable. 11

a) Donated goods for distribution to beneficiaries The cost of any stock of goods donated for distribution to beneficiaries 15 deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. b) Donated goods for resale Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'lncome from other trading activities, with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'lncome from other trading activities, and the proceeds from sale are also recognised as 'lncome from other trading activities,. c) Donated goods and services capitalised as Tangible fixed assets Goods donated for on-going use by a charity in carrying out its activities are recognised as tangible fixed assets with the corresponding gain recognised as income from donations within the SOFA. 1.7 Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. 1.8 Income from charitable activities Income from charitable activities is recognised over the period to which the income relates. Concert fees are recognised at the date of the event. Membership fees are recognised over the period of the membership. Rent is recognised over the period to which it relates. Any amounts relating to future periods are deferred. 1.9 Investment income Dividends are included in the Statement of Financial Activities when they are declared at an amount which includes the tax credit recoverable from HM Revenue and Customs. 1.10 Other trading income Other trading income from non-charitable sources is recognised over the period to which it relates, Any relating to future periods is deferred. 1.11 Expenditure Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be 12

recovered. Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members. Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent. All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis. Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity. 1.12 Pensions The Charity makes contributions to defined contribution pension schemes through auto enrolment. These contributions are charged to the income and expenditure account in the year in which they become payable. 1.13 Taxation The organisation is a registered charity and has no liability to income tax or corporation tax on its charitable activities during the year. Value added tax is accounted for on a cash basis. 1.14 Creditors The charity has creditors which are measured at settlement amounts less any trade discounts. 1.15 Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. 1.16 Financial instruments Charities preparing accounts normally measure a basic financial asset or basic financial liability on its initial recognition at the amount receivable or payable adjusted for any related transaction costs. However, if initially measured at fair value, transaction costs are not included in the measurement of financial assets or liabilities; instead, the transaction costs are treated as an expense. If extended credit is offered, the accountin8 treatment depend5 on those extended credit term5. The subsequent measurement of financial assets and financial liabilities depends on their nature and settlement dates. The carrying amount must be calculated without any deduction for transaction costs that may be incurred on sale or disposal. 13

1.17 Fund accounting Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. 1.18 Tangible fixed assets Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly, to the provision of goods or services by the charity. Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Name Rate (%) 25% Method reducing balance straight line Office equipment and furniture Freehold property 2%+5% 1.19 Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. 1.20 Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. 2. Income from Donations and Legacies Analysis Unrestricted funds Total funds 2024 Total funds 2023 Donation and gifts General grants provided by Government/other charities 35,098 35,098 34,458 15,718 15,718 50,900 50.816 50.816 85.358 14

  1. Income from Charitable Artivities Analysis Unrestrirted funds Total funds 2024 Total funds 2023 Let-out of non- investment property 2,170 2,170 2,241 2,170 2,170 2,241
  2. Income from Investments Analysis Unrestricted funds Total funds 2024 Total funds 2023 Interest income 3,286 3,286 643 Rental and leasing income 29,664 29,664 43,409 32.950 32,950 44,052
  3. Other Income Analysis Unrestricted funds Total funds 2024 Total funds 2023 Other 28,632 28,632 28,020 28.632 28,632 28,020

  4. Expenditure on Raising Funds Analysis Total funds 2024 Total funds 2023 Staging fundraising events Support Costs 2,844 5,423 8,267 800 5,267 6,067 15

  5. Expenditure on Charitable Activities Total funds 2024 Total funds 2023 Analysis Cost of services 2,487 817 1,769 980 Donations Legal/professional fees Wages and salaries Staff costs Other Youth and other projects Rates 4,277 66,771 741 1,355 69,379 488 3,503 1,655 314 3,902 966 2,293 10,886 1,790 4,761 16,283 7,087 Light and heat Cleaning Insurance 14,521 1,851 5,898 26,737 7,403 Repairs Support Costs 136,975 121,939

  6. Support Costs Total funds 2024 Total funds 2023 Analysis Advertising and marketing Printing and stationery Other 2,434 306 277 895 2,058 4,433 1,445 170 2,499 4,722 1,656 485 Telephone and Internet Travel expenses Staff welfare Governance Costs Independent examiners fees Accountants fees 650 600 1,330 1,220 12.826 12,354

  7. Other Expenditure Unrestricted funds Restricted income funds Total fund5 2024 Total funds 2023 Analysis Depreciation Charge for the Year- Computer Equipment Depreciation Charge for the Year- Freehold Land & Buildings 4,417 4,417 5,651 19.815 10,664 30,479 30,479 24,232 10.664 34.896 36,130 16

  8. Tangible Fixed Assets Freehold Land & Buildings Computer Equipment 10.1 Cost or valuation At 01 October 2023 1,052,477 78,860 Additions 717 At 30 September 2024 1,052.477 79,577 10.2 Depreciation and impairments At 01 October 2023 363.950 61,905 Charge for the year 30,479 4,417 At 30 September 2024 394,429 66,322 10.3 Net book value At 01 October 2023 688,527 16,955 At 30 September 2024 658,048 13.255

  9. Debtors: Amounts falling due within one year Total funds 2024 Total funds 2023 Prepayments & accrued income Other debtors 2,955 2,421 1,961 5,376 1,961
  10. Cash at bank and in hand Total funds 2024 Total funds 2023 Cash at bank and in hand 111,468 167,297 111.468 167.297

  11. Creditors: Amounts falling due within one year Total funds 2024 Total funds 2023 Bank loans and overdrafts VAT control Accruals and deferred income Other creditors 15,042 14,933 6,700 2,969 174 2,365 18,185 23,998 17

  12. Creditors: Amounts falling due after one year Total funds 2024 Total funds 2023 Bank loans and overdrafts 17,109 32,259 17,109 32.259

  13. Charity funds 15.1 Details of material funds held and movements during the CURRENT reporting period Fund balances carried forward Fund balances brought forward Expenditure Fund names Income Unrestricted funds Unrestricted General Funds 297,448 212,930 114,568 160,422 251,594 212,930 Phase three build Restricted income funds Food bank 9,052 9,052 10,664 Property and extensions Total 818.483 114,568 180,138 15.2 Details of material funds held and movements during the PREVIOUS reporting period Fund balances carried forward 299,053 288,389 752,913 Fund balances brought forward Income Expenditure Fund names Unrestrirted funds Unrestricted General Funds 300,301 149,271 152,124 297,448 Phase three build 212,930 212,930 Restricted income funds Property and extensions Food bank 309,717 10,664 1,348 299,053 10,400 9,052 Total 822,948 159,671 164.136 818.483
  14. Transactions with trustees and related parties 16.1 Trustee remuneration and benefits None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity in the year (2023: £Nil) 18

16.2 Trustees, expenses No trustee expenses have been incurred in the year (2023: £Nil). 16.3 Transaction(s) with related parties There were no transactions with related parties in the year or in the previous year. 17. Average Number of Employees No employees received emoluments in excess of £60,000. The average number of employees in the year was 6 (2023: 6). 19