**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 2024**
## **Rye Community Centre Association**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustees annual report|**2**|
|Statement of financial activities - general funds|**3**|
|Balance sheet|**4**|
|Notes to the financial accounts|**5 - 7**|
## **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 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 2024**
The trustees present the report and financial statements for the year ended 31 August 2024.
## **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 surplusfor the year of £6,362 compared with £4,292 last year. The income from hall lettings have increased by £2,766 compared with the previous year. Grants were received in the year of £3,636 compared with nil last year.
The Film club contributed a surplus of income for the year of £486 compared with £1,290 last year. Fundraising events raised £2,386 compared with £1,828 last year.
Secretary and cleaner wages have decreased by £309 over last year.
The repairs and maintenance costs during the year have increased by £5,586
Rates and water costs during the year have decreased by £321.
Light and heat costs have increased by £385 during the year.
Insurance costs have decreased by £1,115 compared with last year.
The general funds reflect provisions for depreciation in line with the Financial Reporting Standard for Smaller Entities (effective April 2008) (see page 5)
Approved by the trustees on 19 November 2024 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 2024**
## **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
Internet charges
Postage and stationery
**Total resources expended**
**Net income for the year**
**5**
**Fund balance brought forward**
**Fund balance carried forward**|**2024**
**2023**
**£**
**£**
3,636
25
31,861
29,085
223
156
35,720
29,266
24,786
20,115
51
164
24,837
20,279
4,043
4,391
80
80
108
123
252
0
38
101
4,521
4,695
29,358
24,974
6,362
4,292
11,439
7,147
17,801
11,439|
|---|---|
**Page 3**
## **Rye Community Centre Association**
## **Balance sheet**
## **as at 31 August 2024**
|**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
Transferred to freehold premises
**Total funds**|**£**
**£**
**£**
**£**
19,332
20,208
3,820
1,266
30,261
25,902
34,081
27,168
260
585
33,821
26,583
53,153
46,791
17,801
11,439
35,352
35,352
53,153
46,791
**2024**
**2023**|**£**
**£**
**£**
**£**
19,332
20,208
3,820
1,266
30,261
25,902
34,081
27,168
260
585
33,821
26,583
53,153
46,791
17,801
11,439
35,352
35,352
53,153
46,791
**2024**
**2023**|
|---|---|---|
||||
|||46,791|
|||11,439
35,352|
|||46,791|
continued ……………..
**Page 4A**
## **Rye Community Centre Association**
**Balance sheet (continued)**
## **Trustees statements required by Sections 475(2) and (3) for the year ended 31 August 2024**
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 2024 ; 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 7 were approved by the trustees on 19 November 2024 and signed on their behalf by:
G Boudreau Chairman R Fletcher Treasurer
**Registration number 3971481**
**Page 4B**
## **Rye Community Centre Association**
## **Notes to the financial statements**
## **for the year ended 31 August 2024**
## **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.
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**
|Grants received
General donations|**2024**
**2023**
**£**
**£**
3,636
0
0
25|
|---|---|
||3,636
25|
**Page 5**
**Rye Community Centre Association**
## **Notes to the financial statements**
## **for the year ended 31 August 2024**
## **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
Bar services
Licences
Film club expenses
Wifi for hall
Sundries
Depreciation of film club equipment
Depreciation of freehold premises
**5. Net income for the year**
This is stated after charging:
Depreciation|**2024**
**2023**
**£**
**£**
28,327
25,464
815
1,290
299
396
2,386
1,828
34
107|
|---|---|
||31,861
29,085|
||**2024**
**2023**
**£**
**£**
6,088
6,049
3,787
3,402
9,352
3,766
1,410
2,525
1,235
1,556
1,000
836
250
0
342
515
329
0
112
495
5
66
169
198
707
707|
||24,786
20,115|
||**2024**
**2023**
**£**
**£**
876
905|
**Page 6**
**Rye Community Centre Association**
## **Notes to the financial statements**
## **for the year ended 31 August 2024**
## **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 2023|35,352|16,408|51,760|
||Additions|-|-|-|
||At 31 August 2024|35,352|16,408|51,760|
||**Depreciation**||||
||At I September 2023|16,266|15,286|31,552|
||Charge for the year|707|169|876|
||At 31 August 2024|16,973|15,455|32,428|
||**Net book values**||||
||At 31 August 2024|18,379|953|19,332|
||At 31 August 2023|19,086|1,122|20,208|
|**8. **|**Debtors**||||
||||**2024**|**2023**|
||||**£**|**£**|
||Prepayment||570|535|
||Other debtors||3,250|731|
||||3,820|1,266|
|**9. **|**Creditors: amounts falling due within one year**||||
||||**2024**|**2023**|
||||**£**|**£**|
||Other creditors and accruals||260|585|
**Page 7**