**Charity number 1083425**
**Company number 3971481**
**Rye Community Centre Association**
**(A company limited by guarantee)**
**Trustees report and unaudited financial statements**
**for the year ended 31 August 2023**
## **Rye Community Centre Association**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustees annual report|**2**|
|Statement of financial activities - general funds|**3**|
|Statement of financial activities - restricted fund|**4**|
|Balance sheet|**5**|
|Notes to the financial accounts|**6 - 8**|
## **Rye Community Centre Association**
## **Legal and administrative information**
## **Constitution**
Rye Community Centre is a company limited by guarantee, incorporated on 13 April 2000, and was already a registered charity, and is now governed by its memorandum and articles of association.
Charity number 1083425. Company number 3971481
At each annual general meeting one third of the trustees are subject to retirement by rotation, by virtue of longevity of service and are subject to re election at the annual general meeting.
## **Directors and trustees**
The directors of the charitable company are its trustees for the purpose of charity law.
The trustees serving during the year and since the year end were as follows:
G Boudreau Chairman S Blattman Vice chairman R Fletcher Treasurer D Smith (resigned 20 April 2023) J Holbrook D Avery
## **Secretary**
N Lockett
## **Registered office**
Rye Community Centre, Conduit Hill, Rye, East Sussex, TN31 7LE
## **Bankers**
HSBC Bank plc
**Page 1**
## **Rye Community Centre Association**
## **Trustees annual report**
## **for the year ended 31 August 2023**
The trustees present the report and financial statements for the year ended 31 August 2023.
## **Objects of the charity**
The objects of the charity shall be:
- a) To promote the benefit of the inhabitants of Rye and the neighbourhood by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure occupation with the object of improving the conditions of life for the said inhabitants.
- b) To secure the establishment of a community centre and to maintain and manage, or co-operate with any local statutory authority in the maintenance and management of, such a centre for activities promoted by the association and its constituent bodies in furtherance of the above object. The charity is managed by an executive committee of trustees who are elected annually.
## **Review of progress and achievements**
The charity made a surplus for the year of £4,292 compared with a deficit last year of £6,382.. The income from hall lettings have increased by £7,235 compared with the previous year. General donations decreased by £750 compared with the previous year.
The Film club contributed a surplus of income for the year of £1,290 compared with 642 last year. Fundraising events raised £1,828 compared with nil last year.
Secretary and cleaner wages have decreased by £709 over last year.
The repairs and maintenance costs during the year have decreased by £2,957.
Rates and water costs during the year have increased by £459.
Light and heat costs have increased by £916 during the year.
Wifi was installed in the hall for a cost of £495.
The general funds reflect provisions for depreciation in line with the Financial Reporting Standard for Smaller Entities (effective April 2008) (see page 6)
Approved by the trustees on 14 November 2023 and signed on their behalf by:
G Boudreau Chairman R Fletcher Treasurer
**Page 2**
## **Rye Community Centre Association**
## **Statement fo financial activities for the year ended 31 August 2023**
## **General funds**
|**Notes**
**Incoming resources**
Donations and grants
**2**
Trading activities
**3**
Bank interest received
**Total incoming resources**
**Resources expended**
Direct charitable expenditure
Hall overheads
**4**
Advertising
Management and administration of the charity
Secretary wages
Payroll services
Bank charges
Postage and stationery
**Total resources expended**
**Net resources expended**
**5**
**Fund balance brought forward**
**Restricted fund balance transferred to General Fund**
**Fund balance carried forward**|**2023**
**2022**
**£**
**£**
25
775
29,085
19,514
156
1
29,266
20,290
20,115
20,991
164
162
20,279
21,153
4,391
5,298
80
80
123
101
101
40
4,695
5,519
24,974
26,672
4,292
-6,382
7,147
6,741
11,439
359
0
6,788
11,439
7,147|
|---|---|
**Page 3**
## **Rye Community Centre Association**
## **Statement fo financial activities for the year ended 31 August 2023**
|**Notes**
**Incoming resources**
Bank interest received
**Total incoming resources**
**Resources expended**
**Total resources expended - transfer to general fund**
**Net expended resources**
**Fund balance brought forward**
**Fund balance carried forward**
**Restricted appeal fund**|**2023**
**£**
-
-
0
0
0
0|**2022**
**£**
-|
|---|---|---|
|||-|
|||6,788|
|||-6,788
6,788|
|||0|
**Page 4**
## **Rye Community Centre Association**
## **Balance sheet**
## **as at 31 August 2023**
|**Notes**
**Fixed assets**
Tangible assets
**7**
**Current assets**
Debtors
**8**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**9**
**Net current assets**
**Net assets**
**Funds**
General funds - unrestricted
Appeal fund - restricted
Transferred to freehold premises
**Total funds**|**£**
**£**
**£**
**£**
20,208
21,113
1,266
1,058
25,902
21,193
27,168
22,251
585
865
26,583
21,386
46,791
42,499
11,439
7,147
0
0
11,439
7,147
35,352
35,352
46,791
42,499
**2023**
**2022**|**£**
**£**
**£**
**£**
20,208
21,113
1,266
1,058
25,902
21,193
27,168
22,251
585
865
26,583
21,386
46,791
42,499
11,439
7,147
0
0
11,439
7,147
35,352
35,352
46,791
42,499
**2023**
**2022**|
|---|---|---|
||||
|||42,499|
|||7,147
0|
|||7,147
35,352|
|||42,499|
continued ……………..
**Page 5A**
## **Rye Community Centre Association**
**Balance sheet (continued)**
## **Trustees statements required by Sections 475(2) and (3) for the year ended 31 August 2023**
In approving these financial statements as trustees of the company we hereby confirm:
a) that for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006;
b) that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting an audit be conducted for the year ended 31 August 2023 ; and
c) that we acknowledge our responsibilities for:
- (1) ensuring the company keeps accounting records which comply with Section 386 ; and
(2) 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 surplus or deficit for the year then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements on pages 3 to 8 were approved by the trustees on 14 November 2023 and signed on their behalf by:
G Boudreau Chairman R Fletcher Treasurer
**Registration number 3971481**
**Page 5B**
## **Rye Community Centre Association**
## **Notes to the financial statements**
## **for the year ended 31 August 2023**
## **1. Accounting policies**
These accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice issued in March 2005.
All voluntary income is received by way of donations and is included in full in the statement of financial activities when receivable.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Incoming resources from all trading activities and investments are included when receivable.
Resources expended are recognised in the period in which they are incurred.
Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:
|Freehold premises|Equally over 50 years|
|---|---|
|Film club equipment|15% per annum of net cost value|
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Restricted funds are to be used for specific purposes as laid down by the donors.
The assets and fund balances from Rye Community Centre, the unincorporated charity, were introduced into the company at their value reflected in the final unincorporated accounts of the charity.
## **2. Donations and grants**
**----- Start of picture text -----**
2023 2022
£ £
General donations 25 775
**----- End of picture text -----**
**Page 6**
**Rye Community Centre Association**
## **Notes to the financial statements**
## **for the year ended 31 August 2023**
## **3. Income from trading activities**
|Hall lettings
Film club
Badminton
Fundraising
Equipment hire
**4. Hall overheads**
Cleaner
Light and heat
Repairs and maintenance
Insurance
Rates and water
Cleaning materials
Licences
Film club expenses
Wifi for hall
Sundries
Depreciation of film club equipment
Depreciation of freehold premises
**5. Net resources expended**
This is stated after charging:
Depreciation|**2023**
**2022**
**£**
**£**
25,464
18,229
1,290
785
396
451
1,828
0
107
49|
|---|---|
||29,085
19,514|
||**2023**
**2022**
**£**
**£**
6,049
5,851
3,402
2,486
3,766
6,723
2,525
2,725
1,556
1,097
836
687
515
339
0
143
495
0
66
0
198
233
707
707|
||20,115
20,991|
||**2023**
**2022**
**£**
**£**
905
940|
**Page 7**
**Rye Community Centre Association**
## **Notes to the financial statements**
## **for the year ended 31 August 2023**
## **6. Staff costs**
Officers and trustees of the charity, excepting the secretary, receive no remuneration. Officers reasonable expenses are reimbursed.
|**7. **|**Tangible fixed assets**|**Freehold**|**Film club**||
|---|---|---|---|---|
|||**premises**|**equipment**|**Total**|
|||**£**|**£**|**£**|
||**Cost**||||
||At I September 2022|35,352|16,408|51,760|
||Additions|-|-|-|
||At 31 August 2023|35,352|16,408|51,760|
||**Depreciation**||||
||At I September 2022|15,559|15,088|30,647|
||Charge for the year|707|198|905|
||At 31 August 2023|16,266|15,286|31,552|
||**Net book values**||||
||At 31 August 2023|19,086|1,122|20,208|
||At 31 August 2022|19,793|1,320|21,113|
|**8. **|**Debtors**||||
||||**2023**|**2022**|
||||**£**|**£**|
||Prepayment||535|508|
||Other debtors||731|550|
||||1,266|1,058|
|**9. **|**Creditors: amounts falling due within one year**||||
||||**2023**|**2022**|
||||**£**|**£**|
||Other creditors and accruals||585|865|
**Page 8**