## COLLINGWOOD CENTRE LIMITED
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 20271
Company Registration Number: 04312498 {Engiand and Wales) Charity Commission Registered Number: 1098807 {A Company Limited by Guaraincee and =. > there cane!
COLLINGWOOD CENTRE LiWi TED Company registered number: 4312498 Charity Commission registered number: 1098807
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## For the financial year ended 31 March 2021
|Contents|Page|
|---|---|
|Administrative Information|2|
|Directors and Trustees Report|35|
|Report ofthe Independent Examiner|6|
|Statement of Financial Activities|7|
|Balance Sheet|8-9|
|Notes to the Financial Statements|10-14|
|The following page does notform part ofthe financial statements||
|IncomeandExpenditureAccount|1S|
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COLLINGWOOD CENTRE LIMITED Company registered number: 4312498 Charity Commission registered number: 1098807
## Administrative Information
For the financial year ended 31 March 2021
**----- Start of picture text -----**
-
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|Trustees:|Brenda Etchells
Chris Towe|(Chair)
(Vice Chair)|
|---|---|---|
||Joan Flowers|(Treasurer)|
||Rodney Williams||
||Sola Adeosun||
||Patricia Hill||
||Simon Young||
||Adam Williams||
||Barry Douglas||
||Heidi Summersby||
||Julie Parry||
||Garth Howell||
|Charitable Number:|1098807||
|Registered Office:|Collingwood Centre Limited||
||Collingwood Drive||
||Pheasey||
||Great Barr||
||Birmingham||
||B43 7NF||
|'ndependent Examiner:|— AITAccountants Limited||
||Suites 6 & 7||
||Malvern House||
||New Road||
||Solihull||
||B91 3DL||
|Bankers:|HSBC PLC||
||7 Kettlehouse Road||
||Kingstanding||
||Birmingham||
||B449JJ||
## COLLINGWOOD CENTRE LIMITED
Company registered number: 4312498 Charity Commission registered number: 1098807
Directors and Trustees Report For the financial year ended 31 March 2021 a nee,
The directors have pleasure submitting their report and the accounts of the company for the year ended 31 March 2021.
## Principal Activity
The principal activity of the company was the provision of a multi-purpose community facility for use by the people of Pheasey Park Farm and the surrounding areas of Walsall. The company is a registered charity and the Department of Trade and Industry has been satisfied that the objects of the company are those of an educational charity. The company's governing documents are its Memorandum and Articles of Association.
## Objects of the Charity
- ° To promote the benefit of the inhabitants of Walsall and in particular, the immediate neighbourhood of Pheasey park Farm without distinction of sex or of political, religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare, the object of improving conditions of life of said inhabitants.
- e To establish or to secure the establishment of a community centre and to maintain and manage or to co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the association and its constituent bodies.
## Review of Developments
The Vision Project which seeks to re-engage young people into employment and education or training, continued their support for young people.
Other developments and achievements during the year included:
- ° Continued support of local groups by offering them subsidised facilities and in some cases free tables at our regular car boot sales to enable them to raise funding for their activities.
- ® A Special Needs Group continues to utilise the Centres facilities and have continued with the garden allotment project.
- . Continued support for teaching requirements including use of classrooms and training rooms.
- ° The bible classes continue and the onsite charity shop run by volunteers continues to a success as is the provision of lunches to the vulnerable.
- . The Counselling suite is being utilised on a regular basis, including local councillors.
Company registered number: 4312498 Charity Commission registered number: 1098807
## COLLINGWOOD CENTRE LIMITED
Directors and Trustees Report (continued) For the financial year ended 31 March 2021
## Review of Financial Position
This year there has been a transfer of a surplus of £25,988 to the General Reserve (2020 - surplus £469).
Under the Articles of Association, the Council is prohibited from paying a dividend to the members of the company.
## Membership of Board
The Board membership is disclosed above in the administrative information section on page 2.
## Board members’ interests in shares
Trustees of the charity are also directors and members of the company. The company does not have any share capital. Liability is limited by guarantee. Each member agrees to contribute £1 in the event of the company being wound up. They do not receive any remuneration for their services but are reimbursed for out of pocket expenses.
## Appointment of new Trustees
The Trustees seek a broad range of skills and experience among their numbers.
When casual vacancies occur, the Trustees seek suitable candidates who are then proposed for election as Trustees and directors by the members of the company.
## Reserves policy
The Company has received no endowment income and therefore relies on retained surpluses to meet its future requirements. The Trustees also consider it prudent to attempt to hold unrestricted and undesignated reserves to meet exceptional and unforeseen contingencies of between three and six months of the resources expended.
## Risk management
The Trustees have reviewed and identified the major risk to which the charity is exposed and systems have been established and implemented to mitigate those risks.
## Accountants
The directors are satisfied that the company is entitled to exemption under the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.
A resolution confirming the re-appointment of the accountants will be tabled at the Annual General Meeting.
.
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## COLLINGWOOD CENTRE LIMITED Company registered number: 4312498
Charity Commission registered number: 1098807
Directors and Trustees Report (continued) For the financial year ended 31 March 2021
## Directors’ responsibilities
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that year. In preparing those financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently:
- * make judgements and estimates that are reasonable and prudent: and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with requirements of section 393 of the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provisions applicable to the small companies’ regime.
This report was approved by the Board on 5 October 2021 and signed on its behalf by:
Joan Flowers Treasurer
=»
Company registered number: 4312498 Charity Commission registered number: 1098807
)
## COLLINGWOOD CENTRE LIMITED
## Report of the Independent Examiner
For the financial year ended 31 March 2021
| report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021 .
## Responsibilities and basis of report
As the charity's 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, | report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, | have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
## Independent examiner's statement
| have completed my examination. | 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 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 Charities SORP (FRS102).
## Signed 5 October 2021 (47 Aeccustasn Luvted
For & on behalf of: AIT Accountants Limited Malvern House, New Road, Solihull, B91 3DL Telephone 0121 711 1957 Email: enquiries@aitaccountants.co.uk
2s
COLLINGWOOD CENTRE LIMITED Company registered number: 4312498 Charity Commission registered number: 1098807
Statement of Financial Activities For the financial year ended 31 March 2021 **e** e ee ee
## Incoming resources
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Restricted|
|Unrestricted|Income|Endowment|Total|this|Total|last|
|funds|funds|funds|Year|Year|
|£|e|z|£|£|
|Donations and|legacies|1175|0|0|5|Pa b=|200|
|Activities|to|further|the|
|charity’s|objects:|0|25,644|0|25,644|34,063|
|Grants|receivable|
|Activities|to|generate|
|funds:|
|Miscellaneous|income|152,967|0|0|152,967|163,874|
|Investment income and|224|0|224|584|
|interest|0|
|Other|incoming|resources|0|0|6)|0|0|
|Total|Incoming|Resources|154,366|25,644|0|180,010|198,721|
|Resources|expensed|
|Costs|of generating|funds:|
|Fundraising|add|publicity|9|0|0|
|Charitable|expenditure|
|Grants|and|donations|0|0|0|0|0|
|payable|
|Costs|of|activities|for|
|charitable|objectives|10,497|3,499|0|13,996|28,239|
|Support costs|24,001|10,085|0|33,616|||58,816|
|Management|and|admin|92,992|13,418|0|106,410|111,197|
|Total|resources|expended|127,020|27,002|0|154,022|198,252|
|Net|(outgoing)/incoming|
|resources|27,346|(1,358)|0|25,988|469|
|Total|Funds|at|1|April|2020|139,225|3,457|0|142,682|142,213|
|ee ee|166,571|2,099|0|168,670|142,682|
**----- End of picture text -----**
All of the above results are derived from continuing activities, All gains and losses recognised in the year are included above.
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COLLINGWOOD CENTRE LIMITED Company registered number: 4312498
Charity Commission registered number: 1098807
## Balance Sheet
For the financial year ended 31 March 2021 eeeeesSee
The notes on pages 10 to 14 form part of these accounts.
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||||||||||
|---|---|---|---|---|---|---|---|---|
|2021|2020|
|Fixed|assets|=|£|
|Tangible|asset|wae|aie|
|Total|fixed|assets|629|839|
|Current|assets|
|Debtors|22,057|18,985|
|Other|Debtors|3.642|934|
|Cash|at|bank|and|in|hand|157.818|142|472|
|Total|current|assets|183,517|162,391|
|Creditors:year|amounts falling due within one|(15,476)|(20,548)|
|Net|current|assets|168,041|141,843|
|Total|assets|168,670|142,682|
|Creditors:|amounts|falling|due|after|one|
|year|0|0|
|Provisions|for|liabilities and|charges|0|0|
|Net assets|168,670|142,682|
|Capital|Funds|
|_|Permanent|capital|funds|0|0|
|Total|capital|funds|0|0|
|Income|funds|
|Restricted|funds|2,099|3,457|
|Unrestricted|funds|
|||166,571|139,225|
|Total funds|168,670|142,682|
**----- End of picture text -----**
Rix
COLLINGWOOD CENTRE LIMITED
Company registered number: 4312498 Charity Commission registered number: 1098807
Annexed statement to the balance sheet For the financial year ended 31 March 2021 eee en
## The board of directors certify that:
For the financial year ended 31 March 2021 the directors are satisfied that the company is entitled to exemption under the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.
## The directors acknowledge their responsibility for:
- (i) ensuring that the company keeps proper accounting records which comply with section 386 of the Act, and
- (ii) preparing financials statements which give a true and fair view of the state of the affairs of the company as at the end of the financial year in accordance with the requirements of sections 393 and which otherwise comply with the requirements of the 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 of the Companies Act 2006.
Approved by the Board and signed on its behalf:
**----- Start of picture text -----**
CEE
Chris To
Vice Chairma
**----- End of picture text -----**
5 October 2021
a 2
COLLINGWOOD CENTRE LIMITED Company registered number: 4312498 Charity Commission registered number: 1098807
Notes to the financial statements For the financial year ended on: 31 March 2021 eeSee
1. Accounting policies
## (a) Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Small Entities (effective January 2007). The financial Statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and reporting by Charities” published in 2005 and all applicable accounting standards.
## (b) Company Status
The Charity is a company limited by guarantee. The members of the company are the Trustees named on page 2. 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.
## (c) 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.
Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular 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 cost 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.
## (d) Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Voluntary income is received by way of donations and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included.
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.
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Company registered number: 4312498 Charity Commission registered number: 1098807
## COLLINGWOOD CENTRE LIMITED
Notes to the financial statements (continued) eeFor the financial year endedeSon: 31 March 2021
1. | Accounting policies (continued)
## (e) Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities using estimates deemed appropriate by the Trustees on a basis consistent with the use of resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management costs.
Management and administration costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory ' requirements.
(f) Tangible fixed assets and depreciation Tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. Donated assets are valued at the time of acquisition.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:
Fixtures and Equipment 25% reducing balance
## (g) Operating leases
Rentals payable under operating leases are charged to the Statement of Financial Activities as incurred over the term of the lease.
## (h) Pension Costs
The company operates a defined contribution scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable,
(i) Investments Investments are stated at market value at the balance sheet date. The SOFA indicates the net gains and losses arising on revaluations and disposals throughout the year.
- (j) Stock Stock consists of purchased goods for resale. Stocks are valued at the lower of cost and net realisable value. Items donated for resale or distribution, are not included in the financial statements until they are sold or distributed.
## (k) Finance and operating leases
Rentals applicable to operating leases are charged to the SOFA over the period in which the cost is incurred. Assets purchased under finance leases are capitalised as fixed assets. Obligations under such agreements are included in creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charges. Finance charges are written off to the SOFA over the period of the lease so as to produce a constant periodic rate of charge.
Pm
COLLINGWOOD CENTRE LIMITED Company registered number: 4312498 Charity Commission registered number: 1098807
Notes to the financial statements (continued) For the financial year ended on: 31 March 2021 SS ee ee ee
1. Accounting policies (continued)
(I) Foreign currency translation Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the SOFA. 2. Expenditure
|Expenditure|||
|---|---|---|
||This year|Last year|
|Independent examiners fees for reporting on the accounts|ik|£|
|(Included in Professional and Accountancy Costs)|1,200|1,200|
||This year|Last year|
|Costs ofactivities in furtherance ofthe charity’s objects|£|£|
|Tutor& other salaries &fees
Activities & material costs
Catering costs
Motor, travelling & subsistence|9,055
4,384
163
0|13,264
9,608
2,157
0|
|Entertainment costs
Publicity, advertising & stationery
Sundry costs|0
354
40|0
3,203
7|
||13,996|28,239|
|Support Costs|This year
£|Lastyear
£|
|Premises& utility costs
Telephone & fax costs
Internet & computer media costs
Computer & equipment maintenance
Premises repairs& maintenance
Insurance & licences
Bank charges & finance costs
Depreciation|24,530
1,683
1,037
2,020
2,316
1,510
310
210|48,180
1,487
865
2,466
2,929
1,746
863
280|
||33,616|58,816|
|Managementand administration costs|Thisyear
£|Last year
E|
|Staff salaries
Professional & accountancy costs|104,330
2,080|109,397
1,800|
||106,410|111,197|
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COLLINGWOOD CENTRE LIMITED Company registered number: 4312498 Charity Commission registered number: 1098807
Notes to the financial statements (continued) For the financial year ended on: 31 March 2021 SSS—
## 3. Tangible fixed assets
:
|Asset costorvaluation|Freehold
land and
buildings
E.|Other
landand
—buildings|Computer
+equipment
£|Fixtures,
fittingsand
equipment
£|Total
£||
|---|---|---|---|---|---|---|
|Balance broughtforward
Additions
Disposals
Transfers
Revaluations|0
0
0
0
0|0
0
0
0
0)|8,808
0
0
0
0|52,621
0
0
0
0|61,429
0
0
0
0||
|Balance carriedforward|0|0|8,808|52,621|61,429||
|Accumulated depreciation
and impairment provisions|Freehold
land and
buildings|Other
land and
buildings|Computer
equipment|Fixtures,
fittings and
equipment|Total||
|Basis Rate|N/A|N/A|RD|RD|||
|25%
pa
25%
pa
Pe
Opa
CN pa,|||||||
||E|£|£|£|£||
|Balance brought forward
Disposals
Transfers
Revaluations
Impairment provisions
Charge for year|0
0
0
0
0
0|0
0
0
0
0
0|8,284
0
0
0
0
131|52,306
0
0
0
0
79|60,590
0
0
0
0
210||
|Balance carried forward|0|0|8.415|52,385|60,800||
|Net book value|||||||
|Broughtforward|0|0|524|318|839||
|Carried forward|0|0|393|236|629||
|||||||||
«13%
COLLINGWOOD CENTRE LIMITED Company registered number: 4312498 Charity Commission registered number: 1098807
Notes to the financial statements (continued) For the financial year ended on: 31 March 2021 hr | Debtors and prepayments
;
|||Debtors and prepayments||||||
|---|---|---|---|---|---|---|
||Analysis ofDebtors|_Amounts fallingdue
within one year||||Amounts falling due
aftermore than one||
|||||||ear|
|||This year
x|Lastyear
s||This year
£|Lastyear
£|
||Trade debtors
Otherdebtors
Prepayments|22,057
2,622
1,020|18,985
ie)
934||0
0
0|0
0
0|
||Total|25,699|19,919||0|0|
|5.|Creditors and accruals||||||
||Analysis ofCreditors|Amounts falling due
within one year|||Amounts fallingdue
aftermore than one||
|||||||ear|
|||This year
£|Lastyear
£||Thisyear
€|Last year
£|
||Trade creditors
Othertaxes & social security
Other creditors and accruals|12,150
1,127
2,199|15,295
1,510
3,743||0
0
0|0
0
0|
||Total|15.476|20,548||0|0|
a.
## rr
COLLINGWOOD CENTRE LIMITED Company registered number: 4312498 Charity Commission registered number: 1098807
Income and Expenditure Account For the financial year ended on: 31 March 2021 aNalcore
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|||||||||
|---|---|---|---|---|---|---|---|
|Previous|
|year|Current year|
|£|£|£|
|Income|
|34,063|Grants|received|25,644|
|200|Donations|received|1,175|
|584|Interest|received|224|
|0|Fund|raising|0|
|163,874|Tuition|fees,|rents|&|sundry|income|152,967|
|'|198,721|180,010|
|Expenses|
|109,397|Staff|salaries|104,330|
|13,264|Tutor &|other|salaries & fees|9,055|
|9,608|Activities &|material|costs|4|384|
|2,157|Catering|costs|163|
|0|Motor,|travelling|&|subsistence|0|
|0|Entertainment|costs|0|
|48,180|Premises|&|utility|costs|24,530|
|3,203|Publicity,|advertising|&|stationery|354|
|1,487|Telephone|&|fax|costs|1,683|
|865|Internet|&|computer|media|costs|1,037|
|2,466|Computer &|equipment|maintenance|2,020|
|2,929|Premises|repairs|&|maintenance|2,316|
|1,746|Insurance|&|licences|1.510|
|1,800|Professional|&|accountancy|2,080|
|863|Bank|charges|&|finance|costs|310|
|7|Sundry|costs|40|
|280|Depreciation|210|
|198,252|154,022|
|469|(Deficit)/Surplus|for the|year|25,988|
**----- End of picture text -----**
This page does not form part of the statutory accounts
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