Registered number: 04366182 Charity number: 1095275 NORTHSIDE COMMUNITY CENTRE LIMITED (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NORTHSIDE COMMUNITY CENTRE LIMITED (A company limited by guarantee) CONTENTS Page Reference and administrative detslls of the Charity, its Trustees and advisers Trustees, report Independent examiner's report Statement of financial activiti88 Income and expendlture account Balance sheet Notes to the financlal statements 8-18
NORTHSIDE COMMUNITY CENTRE LIMITED (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Mr G Dixon, Trustee Mrs R Melton, Trustee {appointed 13 May 2024) Mrs B Dixon, Chair Mr R Torney, Trustee Company registered number 04366182 Charlty reglstered number 1095275 Registered office Trinity Drive Northside Workington Cumbria CA14 1AX Page 1
NORTHSIDE COMMUNITY CENTRE LIMITED (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statement5 for the year ended 30 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended PraGlice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 1021" (effective 1 January 20191. Objectives and activities The charity's objective is to promote Ihe benefit of the inhabitants of the Northside Ward of Workington without distinction of sex, sexual orientation, race or of polilical, 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 recreation and leisure-time occupation with the object of improving the conditions of life for Ihe said inhabitants. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Activltle8 Activities include bingo, community activities, weekly lunch service, children's activities, printing, copying and ICT access and support for local residents. The charity provides valuable signposting for local residents, venue and room hire as a source of income, as well as coordinating trips and local celebration events for the estate. There is also a community shop and a Credit Union collection point. Financlal review Reserves pollcy It is the policy of the charity that unreslricled funds which have not been designated for a specific use should be maintained at a level equivalent to beeen three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the evenl of a significant drop in funding, they will be able to continue the Charity's currenl activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Structure, governance and management The charity is a company limited by guarantee. 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.. Mrs B Dixon Mr G Dixon Mr R Torney Mrs R Melton Approved by order of the members of the board of Trustees and signed on their behalf by.. Mrs B Dixon Chair Date.. 23 December 2025 Page 2
NORTHSIDE COMMUNITY CENTRE LIMITED (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent examiner's report to the Trustees of Northside Communlty Centre Limited ('the Charity.) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025. Responsibilities and basis of report As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation ofthe accounts in accordance wth the requirements of the Companies Act 20061'the 2006 Act,). Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respect of my examination of the Charity's accounts 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 examlnerfs Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respecl of the Charity as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or 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 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charitie5 lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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 ofthe accounts to be reached. This report is made solely to the Charity's Trustees, as a body, in a¢¢ordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Chanty and the Charity's Trustees as a body, for rny work or for this report. Signed.. Steven Kirkbride ACA BFP Dated.. 23 December 2025 Amistrong Watson LLP Chartered AcGoLtntants Carleton House 136 Gray Street Workington Cumbria CA14 2LU Page 3
NORTHSIDE COMMUNITY CENTRE LIMITED IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Other trading activities 1,575 31,088 28,415 29,990 31,088 8, 124 33,073 Total income 32,663 28,415 61,078 41,197 Expendlture on: Charitable activities 34,753 21,509 56,262 39,812 Total expenditure 34,753 21,509 56,262 39,812 Net {expenditure)Ilncome Transfers between funds (2,090) 6,906 4,816 1,385 12 Not movement in funds 12,0901 6,906 4,816 1,386 Reconclllatlon of funds.. Total funds brought forward Net movement in funds 2,931 (2,090) 2,631 6,906 5,562 4,816 4,176 1,386 Total funds carrled forward 841 9,537 10,378 5,562 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 to 18 form part of these financial statements. Page 4
NORTHSIDE COMMUNITY CENTRE LIMITED (A company limited by guarantee) SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Total funds 2025 Total funds 2024 Note Gross incom8 in the reporting period Less.. Total expenditure 61,078 156,262) 41,197 (39,812) Net expenditUTel(InGomel for tho reporting perlod 4,816 1,385 The notes on pages 8 to 18 form part of these financial statements. Page 5
NORTHSIDE COMMUNITY CENTRE LIMITED (A company limited by guarantee) REGISTERED NUMBER: 04366182 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Flxed assets Tangible assets 1,688 1,986 1,688 1,986 Current ass8ts Stocks 667 667 Debtors Cash at bank and in hand 58 11,379 15,345 12,046 16,070 Creditors.. amounts falling due within one year (3,356) (12,494) Net current assets 8,690 3, 576 Total assets le8$ current liabilities 10,378 5,562 N8t assets excludlng pension asset 10,378 5,562 Total net assets 10,378 5, 562 Charity funds Restricted funds Unrestricted funds 12 12 9,537 841 2,631 2,931 Total funds 10,378 5, 562 The Charity was entilled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying wth the requirements of the Act with respect to a¢¢ounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the srnall companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Mrs B Dixon Chair Date.. 23 December 2025 Page 6
NORTHSIDE COMMUNITY CENTRE LIMITED (A company limited by guarantee) REGISTERED NUMBER: 04366182 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The notes on pages 8 to 18 form part of these financial statements. Page 7
NORTHSIDE COMMUNITY CENTRE LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General infomiation Northside Community Centre Limited is a private company limited by guarantee incorporaled in England and Wales. The registered office is Trinity Drive, Northside, Workington, Cumbria, CA14 1AX. Accounting policies 2.1 Basis of preparation of flnanclal statements The financial statements have been prepared in accordance wth the Charities SORP (FRS 102) 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) {effe¢tive 1 January 2019), Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Northside Community Centre Limited meets the definilion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or Iransaction value unless othemse slated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activitie5 on a receivable basi5. The balance of income fe¢eived for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlemenl occurs before income is received, the income is accrued. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion ofthe asset's use. Expenditure on ¢haritable activities is incurred on directly undertaking the activities which fvrther the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Tangible fixed assets and depreciation Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and Ihe cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulaled depreciation and any accumulated impaimient losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of Cost. Page 8
NORTHSIDE COMMUNITY CENTRE LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) 2.4 Tangible fixed assets and depreciation (continued) Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, Depreciation is provided on the following basis.. Plant and machinery 15% Reducing balance 2.5 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.6 Dobtors Trade and other debtors are re¢ognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.7 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid inveslments with a short maturity of three months or less from the date of acqui8ltion or opening of the deposit or similar account. 2.8 Llabllltles and provisions Liabililies are recognised when there is an obligation at the Balance sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured al the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.9 Flnancial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inilially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.10 Pensions The Charity operates a defined contribution pension Scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. Page 9
NORTHSIDE COMMUNITY CENTRE LIMITED (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued 2.11 Fund accounting General funds are unrestricted 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. The costs of raising and administering such funds are Charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Income from donatlons and legacies Unrostricted Restrlcted funds funds 2025 2025 Total funds 2025 Donations Grants 560 1,015 560 28,415 29,430 1,575 28,415 29,990 Unrestricted funds 2024 Restricted funds 2024 Tolal funds 2024 Donations Grants 1,200 1,200 6, 924 6, 924 7,200 6, 924 8, 124 Income from other trading actlvltles Page 10
NORTHSIDE COMMUNITY CENTRE LIMITED (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from other trading actlvlties (continued) Income from non charitable trading activities Unrestricted funds 2025 Total funds 2025 Community shop income Room hire 12,047 15,973 1,767 1,301 12,047 15,973 1,767 1,301 Solar Panels Other income 31,088 31,088 Unrestricted funds 2024 Tolal funds 2024 Community shop income Room Hire Solar panels Other income 10,619 18,805 3, 458 191 10,619 18,805 3,458 191 33,073 33,Q73 Analysis of expendlture on charitable actlvities Summary by fund type Unrestricted Restrtcted funds funds 2025 2025 Total 2025 Direct costs 34,753 21,509 56,262 Unrestncted runds 2024 Restricted funds 2024 Total 2024 Direct costs 35,520 4,292 39,812 Page11
NORTHSIDE COMMUNITY CENTRE LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysls of expenditure on charltsble activities (continued) Summary by fund type (continued) Analysis of expenditure by activities Activities undertaken directly 2025 Total funds 2025 Direct costs 56,262 56,262 Aclivities undertaken directly 2024 Total funds 2024 Direct costs 39,812 39,812 Page 12
NORTHSIDE COMMUNITY CENTRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by activities (continued) Analysis of direct costs Total funds 2025 Direct costs 2025 Depreciation Wages and Salaries Rates and Water 298 21,048 1,032 3,302 7,259 419 1,630 2,849 8,977 1,160 71 298 21,048 1,032 3,302 7,259 419 1,630 2,849 8,977 1,160 71 Insurance Heat and Light Telephone Repair5 General expenses Purchases tuck shop Licences and subscriptions Activities Costs Feed and read purchases Accountancy fees Bank fees Recycling lives Purchases Pension Costs 818 818 1,566 1,566 5,705 125 5,705 125 56,262 56,262 Page 13
NORTHSIDE COMMUNITY CENTRE LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by activities (continued) Analysis of direct costs (continued) Total funds 2024 Direct costs 2024 Depreciation Wages and Salaries Rates and Water Insurance 351 11,137 531 351 11,137 531 1,249 7,781 1,096 358 1,249 7,781 1,096 358 3, 894 7, 652 1,371 128 Heat and Light Telephone Repairs General expenses Purchases tuck shop Licences and subscriptions Activities costs Lift Service contract Feed and read purchases Accountancy fees Recycling lives Purchases 3, 894 7, 652 1,371 128 (1,248) 857 1,482 3,173 (1,248) 857 1,482 3,173 39,812 39,812 Trustees. r8munèratlon and expenses During the year, no Trustees received any remuneration or other benefits (2024- £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL). Tangible fixed assets Plant and machinery Cost or valuatlon At 1 April 2024 18,742 At 31 March 2025 18,742 Page 14
NORTHSIDE COMMUNITY CENTRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tangible fixed assets (continued Plant and machinery Depr8ciation At 1 April 2024 Charge for the year 16,766 298 At 31 March 2025 17,054 Nèt book value At 31 March 2025 1,688 Al 31 March 2024 1,986 Stocks 2025 2024 Finished goods and goods for resale 667 667 10. Debtors 2025 2024 Due within one year Trade debtors 58 11. Creditors: Amounts falling due within one year 2025 2024 Pension fund loan payable other creditors Accruals and deferred income 24 2,273 1,059 3,845 8,649 3,356 12,494 Page 15
NORTHSIDE COMMUNITY CENTRE LIMITED {A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Statement of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Income Expenditure Unrestrlcted fund8 General Funds 2,931 32,663 (34,753) 841 Restricted funds Fareshare 2,934 7,500 9,518 3,750 4,713 11,9861 110,131) 13,173) (2,500) (3,719) 948 GDF 2,631 Cumberfand Community Foundation Nuclear Wasle- Services Cumberland Council-Food Funding 6,345 1,250 994 2,631 28,415 (21,509 9,537 Total of funds 5,562 61,078 156,262) 10,378 Page 16
NORTHSIDE COMMUNITY CENTRE LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. statement of funds (continued) Statement of funds - prior year Balance at 31 MarGh 2024 Balance at l April 2023 Transfers in/out Income Expenditure Unr8Strlcted funds General Funds 2,931 2,931 Restrlcted funds Fareshare GDF Sellafeld Charity Snowball 3,174 3, 750 (3, 174) (7,119) 2,631 1,331 (1,331) 1,331 6,924 (4, 293) (1,331) 2,631 Total of funds 4,262 6,924 (4,293) (1,331) 5, 562 13. Summary offund8 Summary of funds - current year Balance at 31 March 2025 Balanco at 1 Aprll 2024 Income Expendlture General funds Restricted funds 2,931 2,631 32,663 28,415 (34,753} (21,509) 841 9,537 S,562 61,078 {56,262) 10,378 Page 17
NORTHSIDE COMMUNITY CENTRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Summary of funds (continued Summary of funds - prlor year Balan at 31 MarGh 2024 Balance at 1 Apn"12023 Transfers in/out Income Expenditure General funds Restricted funds 2,931 1,331 2,931 2,631 6,924 (4,293) (1,331) 4, 262 6, 924 {4, 293) (1,331) 5, 562 14. Analysls of net assets between funds Analysis of not assets between funds - current year Unrestricted Restrlcted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current assets 1,688 2,509 (3,356) 1,688 12,046 (3,3561 9,537 CdItorS due wthin one year Total 841 9,537 10,378 Analysis of net assets between funds - prior year Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 655 1,331 1,300 1,986 16,070 (12,494) 14, 770 (12,494) Total 2,931 2,631 5, 562 Page 18