Typ Benn Partnership Centre Financial Statements For the year ended 31 March 2024
BENN PARTNERSHIP CENTRE (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) Financial Statements For the year ended 31 March 2024 Contents Page Charity Reference and Administrative Details Trustees. Annual Report (Including Directors, Report) Independent Examiner's Report Statement of Financial Activities (Including Income and Expenditure Account) Balance Sheet 10 11 Notes to the Financial Statements 12-19
BENN PARTNERSHIP CENTRE Charity Reference and Administrative detail Registered Company Number: 03688395 Registered Charity Number: 1085125 Registered Address: Railway Terrace Rugby Warwickshire CV21 3HR TrusteeslDirectors'. Simon Towers FCA- Chair Sonia Johns Deborah Wilkinson Joyce Woodings Kuldip Ranu Jaswinder Sanghera David Steadman Company Secretary: Deborah Wilkinson Page 1
BENN PARTNERSHIP CENTRE Volunteers: Sarah Hammond Siobhan Morrow Shreya Loman lan Sydenham Wyatt Mainwaring Pam Harris Aissatou Bogoum Tina Davies Anna Frankis Colin Coleman Gabrielle Walder Beverley Thomas Shirley Von Wagner Veronica Carvell Aishwarya Magesh Carla Cornway Jamie Rous Jackie Hesketh Lucy Horner Jim Hesketh Riley Higgs Ann Pearce Susan Barton Peter Lymer Sophie Pulley Azhar Malakzi Margaret Evans Marcia Oliveria Alvaro and Maria Almeida Buse Bircicek Bhanu Patel Tabitha Abioye Liselle McKenzie Chamiaine Mill Andrew Chapman Janiana Curtinove Fl Xinxin Zheng Praful Solanki Jaswinder Sangheera Balbir Ranu Kuldip Ranu Andrew Chapman Michael Stone Simon Dowling Jane Larder Pam Singh Angela Keane Paul McAnespie Sam Haynes Liz Haynes Fiona Lewis Marisa Preuss Sam Woodfield Megan Catlin Gloria Onwuneme Emilly Wallace Lakshimi Kakarla Val MaKenzie Lucy Melvin Dale Winton Carlton Baker Alex Ward Skyler Preuss Jenna Jeffs Carol Fletcher Shurky Adan Charlotte Griffin Lesley Wheeler Jemma Davoudin George Westbury Jane Larder Dana Stewart Ramesh Srivastava Page 2
BENN PARTNERSHIP CENTRE Charity Reference and Administrative detail {continued) Employees: Vivien Kajaro- Centre Manager Rob Higgs- Deputy Manager l Administrator Robi Jugganadum- Services Support Officer Hardai Ramlal - Custodian Michael Stone- Gardener Bankers: HSBC Bank PIC 15 Church Street Rugby CV213PN Independent examiner: Mark Palmer Bsc, BFP, F.C.A. Cottons Accountants LLP Chestnut Field House Chestnul Field Rugby Warwickshire CV212PD Page 3
BENN PARTNERSHIP CENTRE Trustees Annual Report including Directors, Report Year ended 31 March 2024 The Trustees present their report and the audited financial stalements of the charity for the year ended 31sI March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities. IFRS 102) in preparing the annual report and financial statements of the charity. Trustees of the charity The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end were as follows: Simon Towers - Chair Sonia Johns Debbie Wilkinson- Company Secretary Joyce Woodings Kuldip Ranu Jaswinder Sanghera David Steadman Objectives The charitable objects of the Benn Partnership Centre are a) To promote the benefit of the inhabitants of the Benn Ward and its immediate locality by the relief of persons in the condition of need, hardship and distress, in particular the young, the elderly and the disabled, by providing or assisting in the provision ofeducation. advice, training and support. To provide facilities in the interest of social welfare for recreation or leisure time occupation with the objects of improving the conditions of life for the said inhabitants. b) To relieve poor persons residing in the area of benefil by providing and assisting in the provision for them of advice and services in legal, housing, financial and related matters which would not otherwise be available to them through lack of means. Mission statement To educate and enable the community by providing a multi-cultural environment where people can meet, learn, participate and develop together. Values To welcome all. lo respect all,. to help all. to empower all. Prlncipal Activities We run a thriving community Centre in the Benn Ward in the Centre of Rugby. We provide space for activities that support the wellbeing of the community and for community groups and other charities and social enterprises. Public benefit statement In shaping our objectives for the year and planning our activities, the trustee5 have considered the Charity Commission's guidance on public benefit, including the guidance 'Public benefit.. running a charity (PB2>'. What has been going on at the Centre? This financial year, we have seen a steady rise in the Centre's fooifall. Organisations that hired our premises three years ago are using the Centre more now than last year. We continue to hire out our rooms to various organisations, especially community organisations. Jobs22 have renewed their conlract in the Oasis community room where they will have their offices for the next 3 years. Jobs22 have also continued to book our rooms for various courses to help their clients back into paid work. Page 4
BENN PARTNERSHIP CENTRE We have continued with English classes. Our ESOL classes are run by paid tutors. The ESOL classes are running 3 days each week which includes 2 momings. and an aftemoon session on Wednesday. The classes have had fewer students attending, which means that we have operated at a loss. This has been mainly due to free classes which are offered by church groups and have been very popular within the community. Individual Support Services (ISS) this is an organisation Ihat SUPF)Orts people with learning disabilities. ISS hires one of our rooms 4 days a week and are funded by RBC. Their contract ended in July 2024 as they lost the contract to run the servIs. Shaw Trust is another organisation that has been with us for a while. Shaw Trust also support special needs people back inlo work and help them gain skills to find work. They hire a room 3 days each week. Adult Community Learning (ACL) have also been a major partner of Benn Partnership Centre. ACL run English, maths, yoga and sewing courses at our Centre. However most courses are now going to be run online. Turning point: This is a new organisation that has joined us after ISS'S contract expired, Turning Point 5UPPOrt young people with autism and learning disabilities. They support them in finding volunteer jobs and meaningful training to combat isolation. We have continued to njn the work club with the help of volunteers which includes an A, level student who runs the over 55,5 computer classes every Friday afternwn. We are delighted to have this young man every week as the students really enjoy their class. As the government continues to move cSients to universal credits the work club has continued to support those who need to set up their accounts, search forjobs. We support the clients who need help with completing applications online for various things e.g. Housing benefit. PIP, EU settlement. residence permits, jobs, Cvs, school places to name but a few. The work club runs 3 days a week. We have been lucky to have volunteers and staff who are supporting clients with all areas of IT 5UPPOrt. Other activitias that took place include: Arts and Crafts group run by Rugby Library and museum - this group meets every Thursday morning and has had a very good turn out. The activities suit every adult of all abilities. We have a walking group that was set up to encourage people to venture out, do some exercise and come out after being isolated during the lockdown. The group has continued io be a success as more people look for activities to do during the day. Thai Tamil classes for children resumed. The classes are run in the evening, one day a week. As well as community dance practice. Victim support booked a few sessions for their clients while their organisation was looking for permanent premises for their charity. Numidia Education & Training Ltd (Training for 19-24 yr old young adults (NEETS) joined us. They hire a community room one day a week and this contract has been ongoing. The Arts Club 15 weekly on Thursday. This club is open to the community, mostly to those who feel isolated, have mental health issues or have a learning disability- The club is supported by Rugby Art Gallery and Museum and the activities vary each week. The OCD group has continued to grow. They have now secured funding to continue the support group for another years. This will enable the group to run once a week at the Centre. Warwickshire Pride have continued their Saturday morning sessions. and now have 2 groups.. young people under 17 years and an adult group. The groups have grown are very well attended and this kind of support is much needed in the community. The Centre has continued to support refugees and asylum seekers. We are working in collaboration with SERCO, Migrant Help UK and the local authorities to support asy5um seekers who are lemporarily housed in hotels round Rugby. Page 5
BENN PARTNERSHIP CENTRE As part of our bring the community together, we had a World Food day event. This was organised by the Centre managers, to encourage the different nations that use our Centre to make a dish from their counlry, bring it to the Centre and share with the community. We gave a £20.00 voucher to each participant to cover the cost of ingredients. The event was very well attended, we had dishes from 12 different countries and we are very appreciative to WRCC for their continued support. We continue to work with local supermarkets to give out food that would have gone to waste. We now have a community fridge and can take chilled food, which is appreciated by the community. This is done through the faresharelfoodiverse scheme and members of our communities appreciate the food provided. The Centre operates as a warm hub and we now have a meet and eat community café which is open free every Friday. People in the community come together and share a warm meal which is prepared by our English students. This helps the students practice their English skills and integrate in the community. The Centre has opened its doors to community organisations who are newly setting up but cannot afford the hire rates. As Monday and Friday are our quietest days, we decided to offer the empty rooms to small groups. We have welcomed 3 support groups one of which empowers young single mothers to get out and socialise. This has worked really well as we have also managed to have a few of these women volunteer with us on reception We received some funding from WRCC for wann hubs. The funds were used for cooking classes run by a volunteer. We run 2 rounds of cooking sessions and have been attended very well. We have been lucky to work with Cadent who donated air fryers for the participants. To honour our volunteers, the Centre hosted and invited all our volunteers to join us for an afternoon tea. We invited the Mayor, the local MP and a few of our sponsors. The occasion was well attended and we hope to follow this tradition every year to show apprecialion to our wonderful volunteers. As it has always been a tradition for the Centre to prepare a Christmas meal for those members of the community who could not afford or who are lonely on Christmas day. We served up to 80 meals to the elderly, homeless, young people living on their own and those who were working on Christmas day and could not prepare a special meal on the day. Groups using our facllltles Over the year, we have hosted various community groups and organisations. These groups have hired our rooms and continue to support us one way or another. The following groups that have supported Benn Partnership Centre. AduSt community learning (ACL) - patchwork Rugby borough council (RBC} Arts Uplift- Rugby Arts gallery and museum Warwickshire prevent- part of Rugby Borough Council Beyond session 8 Individual Support Solutions PET Xl Multiply Course Valley House Heart and Soul Community Training Centre Entrust Care Partnership RAGM (Memories from horne) organised by Rugby Museum SSWA Yoga group Rugby community aspiring group Private English class Itd Tealeaf tales - Tap-dance lessons Karmel Hungarian Church Wamickshire Early Years Tamil Teaching School Life style clinics with Rugby NHS CDA Employability workshops Workpays for skills training back into work Skills people group WCC Foster Training WISE Ability Sikh Social Welfare Association (SSWA) - Gardening group Saturday art with Aishwarya Page 6
BENN PARTNERSHIP CENTRE Rugby Moslem Centre Devotional Associates of Yogeshwar Warwickshire Employment Support Team Volunteers - This year we have had many volunteers who have supported us on various occasions. We have the Meet and Community Café running every Friday. We have 14 ladies who spare time to prepare the meal. These ladies are from different backgrounds and have gladly shared their recipes and cuisines with the rest of the cammunily. We have 12 volunteers registered to support and help the refugees and asylum seekers with ESOL classes. The volunteers were committed and showed up each week to help the clients feel at horne. In addition, the volunteers have now set up extra classes in different church halls to support the growing numbers of non- English speakers in the community, who could benefit from free English classes. We had eight volunteers for our gardens. Our gardening volunteers have turn up each week and work so hard to make the centre look bright and clean. Each year we have won an award for their efforts and we cannot thank them enough. In addition, the centre is now offering work placements to students from the local college. During the year, we had 8 volunieers to help us at the receptionlfront of house. Most of these volunteers have come to us through local agencies but majority are people we have supported in the past. These volunteers join to gain confidence to improve their CommunatIon skills whilst interacting to members of the public. And with the help of our staff, the results have been positive. Their confidence has grown and many have moved on to find paid work. On Christmas day and those who helped with preparations before the day, we had 29 volunteers. This year we had the main hall setup and an extra room as the numbers were nearly 100. Our volunteers worked tirelessly to serve meals, cleared up after the event, offered lifts to the guests to the centre and dropped them off, they also delivered meals to those who could leave their homes for whatever reasons. Flnanclal revlew (including reserves policy) The result for the year showed a deficit for the year before tranfers of £19,355 (2023 surplus £4,835) on Unrestricled Funds and a deficit for the year before transfers of £3,755 (2023 surplus - £5,524> on Restricted Funds. The Trustees regularly consider the risks to which the Charity is exposed and are satisfied that processes exist and are regularly monitored which identity such risks and the means of managing them. The Trustees also regularly review the level of reserves in the light of the expected levels of revenue and are satisfied that their current levels are sufficient in the event of trading difficulties. Funds of £30,000 have been allocated lo a designated Business Continuity resenie. The whole of the Charity's Operations are continually monitored to identify risks and to ensure the comprehensive Risk Assessment which has been completed in accordance with the Charity Commission recommendations. meets the Charily's requirements. Structure, governance and management The Board of Trustees take responsibility for the overall governance of the Charity, its activities and the strategy and financial planning, fundraising. investment, risk management and overall performance. The Trustees are committed to raising public and professional awareness of the charity's aims in order to promote its goals and mission. The Trustees meet monthly each year and converse by email and telephone beeen board meetings. The Centre Manager is responsible for the day-to-day running of the charity and reports to the board of Trustees. No Trustee received remuneration for their Trustee work during the year. Trustees may claim out of pocket expense5 for activities related to fulfilling their role and responsibilities. Details of Trustee expenses are disclosed within the statement of accounts. Trustees are required to disclose all relevant interests and register them with the Chairperson and. in accordance with the Charity's policy, withdraw from decisions where a conflict of interest arises. Under the memorandum and arts"cles, the Trustees on behalf of the charity have the power to invest monies of the Cornpany which are not immediately required for its own purposes. Page 7
BENN PARTNERSHIP CENTRE Recruitment of DireCtorsrUsteeS is carried out when necessary to maintain a diverse and skilled board of Trustees to oversee the charity business. New Directorsl Trustees are firstly interviewed by the chairperson and another board member. They are then inducted by attending one or two board meetings for assessment and approval of other board members and provided with links to the following documentation.. The Charity Commission Trustee Handbook The Charity Commission - What You Need To Know Booklet The charity structure is as follows.. The Chairperson The Deputy Chairperson,. The Treasurer The Board of DirectorslTrustees 5 Employees.. The Centre Manager, Deputy ManagerlAdministrator,' Services Support Officer, Custodian and Casual Custodian The Volunteers The Trustees recognise the continued work of its dedicated team of voluntary helpers and extend its Sincere appreciation to all its many supporters. It is not possible to place a value on the many hours of service so freely given. Responsibilitles of the Trustees The trustees (who are also directors of Benn Partnership Centre for the purposes of company law) are responsible for preparing the Trustees, Annual 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 slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period, In preparing these financial statements, the trustees are required to: select Sultable accounting policies and then apply them consistenlly. observe the methods and principles in the Charities SORP 2015 (FRS 102)- 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., prepare the financial statemenls on the going concern basis unless it is inappropriate to presume that Ihe charitable company will continue in operalion. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board Jgc% Name, Joyce Woodings Trustee 2nd December 2024 Page 8
BENN PARTNERSHIP CENTRE Independent Examinerfs Report to the Directors of Benn Partnership Centre For the year ended 31 March 2024 I report to the Trustees on my examination of the financial ststements of Benn Partnership Centre (the Charity) for Ihe year ended 31 March 2024. Responsibilities and basis of report As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the Charity 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 Charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 ACL Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attenlion 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 Charity as required by section 386 of the 2006 Act; or 2 the financial statements do not accord with those records., or 3 the financia statements 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 financial statements have not been prepared in accordance with the methods and principles of the Statemenl of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliGable 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 financial statements to be reached. Mr M W Palmer BSC, BFP, F.C.A. Cottons Accountants LLP Chestnut Field House Chestnut Field Rugby Warwickshireshi CV212PD Date: Page 9
Benn Partnership Centre ststement of Financial Activities For the year ended 31 March 2024 Unrestricted Deslgnated Restricted Funds Funds Funds 2024 2023 Incoming ResouTce5 Incoming resources from generated funds.. Note Activities for generating funds Investment Income Incoming resources from ¢haritable activities: Voluntary inrome Total Incoming Resources Resour¢es Expended Cost of generatin9 funds.. Charitable A¢tivities Governance costs 77,387 1.237 77,387 1,237 74,540 382 7.659 86.283 12.000 12,000 19,659 98,283 44,070 118,992 105,638 15.755 121.393 108,633 Total Resources Expended Net Incominglloutgoing resources for the year Transfers 105.638 15,7SS 121,393 108.633 119,355) 6,286 113,069) 44.885 13,755} 16.286) (10,0411 38,188 28, 123,1101 10,359 Net movement In funds Total funds bought forward Funds Garried Forward {23,130) 113,073 10,359 102,714 30,000 The Slalemenl of Financial A¢livilies includes all gains and losses in the year. All IncomSng resources and $OurCeS expended derive from ¢ontiThJing activities. Page 10
Benn Partnership Centre Balance Sheet at 31 March 2024 Notes 2024 2023 Fixed A55ets 4,011 4,416 Current Assets Debtors Cash at bank and in hand 5,849 82,289 88,138 3.298 107.643 110,941 Current Liabilities Amounts due within 1 year Net Current Assets 10 {2.186) {2,283) 85.952 89,963 89,9 108,658 113,074 113.074 Total Assets less Current Llabilities Net Assets Financed by: Reslricled Funds Designated Funds Unrestricted Funds 28,148 30.000 31,816 38,189 30,000 44,885 12 13 Exemption from audit The Company is entitled lo the exemption from the audil quIrernent ¢ontsined in section 477 of th8 Companies Act 2006. for the yegr ended 31 March 2024. The directors acknowledge their responsibilities for complying Wlth Ihe requirements of the Companies A¢1 2006 with respect lo accounting records and the preparation of financial 8latemenl$. The member8 have not required the company to obtain an audit of its financial stalemenls for the year in question in accordance with 8e¢lion 476. These financial statements have been prepared in accordance wilh the provisions appllcable lo compani8s subjeGt lo Ihe small companie8 regime. These accounts We approved by the trusleesldirector8 on 2nd December 2024 and signed on Iheir behalf by Simon Towers Treasuier Page 11
BENN PARTNERSHIP CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1.Summary of significant accounting policies (a) General information and basis of preparation Benn Partnership Centre is a company limited by guarantee incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity infomation on pages 1 & 2 of these financial statements. The nature of the charity's operations and principal activities are set out in the Trustees report. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparin9 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016 and Update Bulletin 2 published on 5 October 2018), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £000. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied lo all years presented unless otheiSe stated. (b) Funds Unrestricted funds 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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 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. The cost of raising and adrninistering such funds are charged against the Specif fund. The aim and use of each restricted fund is set out in the notes to the financial statements. (c) Income recognition All incoming resources are included in the Statement of Financial AGtivities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that Ihe income will be received. For donations lo be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open marl(et for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial ststements for volunteer ts'me in line with the SORP (FRS 1021. Further detail is given in the Trustees. Annual Report. Page 12
BENN PARTNERSHIP CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Where practicable. gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation ouiweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitsble expenditure. Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less the expected costs of sale. Where estimating the fairvalue is practicable upon receipt it is recognised in stock and 'lncome from other trading activitie5'. Upon sale, the value of the stock is charged against 'lncome from olher trading activities, and the proceeds are recognised as 'lncome from other trading activities,. Where it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold. This income is recognised within 'lncome from other trading activities,. Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is tated as a contingent asset and disclosed. Income from trading activities includes incorne earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. The charity may receive government grants. Income from government and other grants are recognised at fair value when the charity has entitlement after any perfomiance conditions have been met. it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Investment income is earned through holding money on deposit. Inlerest income is recognised using the effective interest method. (d) Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings Ih81 aggregate all costs related to the category. Expenditure is recognised where Ihere is a legal or constructive obligation to make payments to third parties, it is probable that the settlemenlwill be required and the amounl of the obligation can be measured reliably. It is categorised under the following headings- Expenditure on charitable activities., and Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity forwhich expenditu arose. le) Tangible fixed assets Tangible fixed assets are stated at cost {or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible red assets. at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows= Centre equipment 5 years Page 13
BENN PARTNERSHIP CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (f) Debtors and creditors receivable I payable withln one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. (g) Provisions Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable thatan outflow ofeconomic benefits will be required in settlement and the amount Can be reliably estimated. {h) Leases Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstsnding lease liability using the effective interest method. The related obligations. net of future finance charges, are included in creditors. Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. (i) Employee benefits When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that Service. The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. ti) Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. (k) Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Page 14
Benn Partnership Centre Notes to the accounts For the year ended 31 March 2024 2. Incoming Resources from Actlvltles for Generating Funds Unrestricted Re$tri¢ted Funds Funds Total Funds 2024 Totsl Funds 2023 Room Hire Cybercafe ESOL Other activities Grant administration We are digital 71.327 134 3.485 2.066 71.327 134 3,485 2,066 67,539 1,900 3,763 1,113 375 375 225 77.3 77,387 74,54 3. Investment In¢ome Unre5trlcted Restrlcted Funds Funds Total Funds 2024 Totsl Fund5 2023 Bank Interest Receivable 1.237 1.237 382 Voluntary Incomo Unrestricted Deslgnated Restrlcted Funds Fund5 Funds Total Funds 2024 Totsl Funds 2023 Public Corporallon COVID 19 BAME project Warwickshire Impact Granl.. OCD Support Hope 4 Oonalion for Food Projects Millg8llng Covid effe¢ts lor Marglnallsed Groups New Cro55 Fi Christmas Day Fund WCC ESOL Grant WCC Slow Cooker8 Grant WCC Connecting Communili8$ - Cooking From Scralch WCC Councillors - Communily Cafe Grant Severn Trent Grant for BPC Garden WRCC Granl for Meet & Eat Friday Cafe Rugby Community Aspiring Club- WCCL Grant Oonalions 7.500 7,500 7,500 30,000 1,000 1,000 1,400 1,456 824 300 500 1,056 473 1,056 473 1,000 350 6,476 495 2,150 1,000 350 6,476 495 2,1SO 159 19.659 159 ,65 12.00 44.070 Page 15
Benn Partnership Centre Notes to the accounts (continued) For the year ended 31 March 2024 Cost of Charitable Actlvities by Fund Type Unrestrlcted Designated Restricted Funds Funds Funds Totsl Funds 2024 Total Funds 2023 Salaries ESOL tutor Rent and room hire Rates & water Lighl & heat Repairs & maintenance Bank Charges Printin9, Postage & stationery Safety inspe¢lions Insurance Communication Licence fees Professional fees Sundries Cleaning & Hygiene COVID costs IT The Oasis charges Chrlslmas Dinner and othèr food c0818 Travel costs Bad Debt Depreciation Grant Funding returned 49,216 3.930 6.000 923 7.886 12,605 93 1.207 599 3.847 822 9,252 58,468 3,930 8,096 923 7.886 12,605 93 1,653 599 3,847 873 164 2,295 1,500 10,269 70,638 3.105 5,634 648 3,078 2,315 94 1,162 681 3,051 784 164 2.362 2,864 6,682 2,096 446 51 2.295 1.382 10.269 118 962 1.814 733 962 1,814 4,029 496 383 1,549 1,774 637 3,296 496 891 891 1,028 105,638 Page 16
Benn Parthership Centre Notes to the accounts (continued) For the year ended 31 March 2024 staff Costs and Emoluments Total staff costs were as follows: 2024 2023 Wages and salaries Social security costs Pension costs 57,690 68,964 683 776 991 58.468 0,638 Particulars of employees: The average number of employees during the year, calculated on the basis of full-time equivalenls was as follows: 2024 No 2023 No Number of adminlstralive staff 7. Flxed Assets 2024 2023 Cost Balance broughl fOard Additions in year Balance al 31 Mareh 2024 Depreciation 8alan¢e brought forward Charge for year Balane2 at 31 March 2Q24 5,444 486 5,930 5,444 5,444 1,028 891 1,919 1,028 1,028 Nel Book value 31 March 2024 4.011 4,416 8. Debtorn 2024 2023 Trade debtor8 Prepayments 4,167 1,682 5,849 1,616 1,682 3,298 Cash at Bank and In Hand 2024 2023 Bank and Cash Balances 82,289 2.289 107,643 107.643 10. Creditors 2024 2023 Sundry Creditors Taxation & Social Security Commercial card Pensions Accruals 1.185 281 578 142 1,067 503 513 200 ,186 2,283 Page 17
Benn Partnership Centre Notes to the accounts (continued) For the year ended 31 March 2024 11. Restricted Income Funds Balan¢e at 1 Aprll 2023 Incoming Resources Outgoing Resources Transfers Balancg at 31 Mareh 2024 COVID 19 BAME project Think Active Tackling Inequalities Grant National Lollery Community Fund grant Warwickshire Impact Granl .' OCD Support ESOL lor Syrian Families Christmas Day Fund Rugby Benevolent Fund Buddy Club Hope 4 Donation for Food Projects Miligatlng Covid effects for Marglnollsed Gro5 New Cross Fife WCC ESOL Grant WCC Warrn Hubs WCC Connecting Communities - Cooking From Scratch WCC Councillors - Community Cale Grant Severn Trent Granl for BPC Garden WRCC Grant for Meet & Eat Friday Cafe Rugby Community Aspiring Club - WCCL Granl 15,360 1.538 (9,476) (118) (5.8841 1,420 379 1459) 3.373 13,885 1.254 740 711 1341 345 14591 3,418 13.616 1,254 1,056 11,011) 1269) 1600) {450) 1552> 14121 1501) 11411 12611 337 80 19 473 1,000 350 8.476 495 2,150 12.000 1,000 {348) 6,476 14891 (1.4961 15,756 654 38,189 6,286 12. Deslgnated Fund5 Balan¢e at 1 April 2023 Incomlng Resources Outgoing Resources Transfers Balance at 31 March 2024 Business Continuity 30.000 30,000 30,000 0,000 A sum has been set aside by the Directors to cover the winding up costs of the charity. 13. Unrestricted Income Funds Balance at 1 Aprll 2023 In¢omlng Resources Outgolng Resources Transfers Balance at 31 March 2024 General Funds 44.885 86,284 , 85 284 1105,6391 5,639 6,286 31.816 Page 18