COLLINGWOOD CENTRE LIMITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Company Registration Number: 04312498 (England and Wales) Charity Commlssion Registered Number: 1098807 ('* Company Llmited by Guarantee and not having share capital)
COLLINGWOOD CENTRE LIMITED Compan! registered number." 4312498 Charity Commission registered number.. 1098807 For the financial ear ended 31 March 2022 Contents Page Administrative Informatson Directors and Trustees Report Report of the Independent Examiner Statement of Finanaal Activities Balan Sheet Notes to the Financial Statements 10-14 The followino page does not fomi part of the financial statements Income and Expenditure Account 15
COLLINGWOOD CENTRE LIMITED Company registered number. 4312498 Charity Commission registered number.. 1098807 Administratiie Information For the financial year ended 31 March 2022 Trustees: Chris Towe Barry Douglas Rodney Williams Patricia Hill Simon Young Adam Williams Heidi Summersby Julie Pary Garth How@11 Lisa Hare (Chairl (Treasurer) Charitable Number: 1098807 Registered Office: Collingwood Centre Limited Collingwood Drive Pheasey Great Barr Birmingham B43 7NF Independent Examiner: AIT Accountants Limited Surtes6&7 Malvem House New Road Solihull B91 3DL Bankers: HSBC PLC 7 Keltlehouse Road ngstanding Birmingham B44 9JJ
COLLINGWOOD CENTRE LIMITED Company registered number.. 4312498 Chartty Commission registered number.. 1098807 Directors and Trustees Report Forthe financial year ended 31 March 2022 The directors have pleasure submitts'ng their report and the accounts of the company for the year ended 31 March 2022. Principal AGtivity The principal activity of the company was the provision of a mutti-purpose community facility for use by the peopfe of Pheasey Park Fami and the surrounding areas of Walsall, The company is a registered charity and the Deparbnent of Trade and Industry h85 been salisfied that the objects of the company are those of an educational charity. The compan$ governing documents are its Memorandum and Articles ol Association. Objects of the Charity To promote the benefft of the inhabrtants of Walsall and in particular, the imm&diate neighbourhood of Pheasey park Fam without distinction of sex or of political, religious or other opinions by associating the local authoriti"es, voluntary organisalions and inhabitants in a common effort tc advance edu&ition and to provide facilities in the interests of social welfare, the object of improving conditions of lrfe ot said Inhabttsnts. To establish or to secure the establishment of a community ntre and to maintain and manage or to co-operate with any statutory authority In the maintenance and management of such a centre for activrties promoted by the association and it5 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 developrnents and achievements during the year included.. Continued support of local groups by offenng them subsidised facilities and in some cases free tables at our regular 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. ConlinJed 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 surte is being utilised on a regular basis. induding local councillors.
COLLINGWOOD CENTRE LIMITED ompany registered number. 4312498 Charity Commission registered number. 1098807 Directors and Trustees Report (conts-nued) For the financial year ended 31 March 2022 Review of Financial Position This year there has been a transfer of a surplus of £30.021 to the General Resetve 12021 surplus £25,988. Under the Articles of Associats'on, the Council is prohibited from paying a dividend to thè members of the company. Membership of Board The Board metnbership is disclosed above in the administratr¥e irfonnation 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 guarant. Eath member agrees to contribute £1 in the event of the company being wound up_ They do not re1ve any remuneration for their services but are reimbursed for out of wcket expenses. Appointment of new Trnstees The Trustees seek a broad range of skills and expeneno among their numbers. When casual vacancies ocGur. the Tmstees seek suitable candidales who are then proposed for election as Trustees and directors by the members of the company. Reserves policy The Company has reiVed no endowment income and therefore relies on retained Surpluses to meet its future requirements. The Trustees also consider it prudent to attempt to hold unrestncted and undesignated rèserves to meet exceptional and unforeseen contingen¢ies of between three and six months of the resources expended. Rlsk management The Trustees have reviewed and identrfied Ihe major risk to which the charty is exposed and systems have been established and implemented to mtb'gate those risks. Accountants The direGtors are salisfEd 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(21. and that no member or members have requested an audtt pursuant to section 145 of the Act. A resolution confimiing the re-appointment of the accountants will be tabled at the Annual General Meeting.
COLLINGWOOD CENTRE LIMITED Company registered number.. 4312498 Charity Commission registered number: 1098807 Directors and Trustees Report (continued) For the financial year ended 31 March 2022 Dlreetors. responsibllitles Company law requires the directors to prepare financial stalemenls for each financial year which give a true and fair view Df the stale of affairs of the company and of the profil or loss of the company for that y&ar. In prepanng those finanual statements, the dir8Ctors are required lo.. select suitable accouwiting poli(xes and then appty Ihem consistently,. make judgements and estimates that are reasonable and pnjdenl., and prepare the finanaal statements on the going cOnrn basis unless it is inappropriate to presume Ihat the company will continue In business. The directors are responsible for keeping proper accenting reo)rds which disclose with reasonèble accuracy at any lime the financial position of the company and to enable them tr) ensure thai the financial statements comply wtth 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 deleth.on of fraud and other irregularities. This report has been prepared in acCcKd3n the special provisK)ns applicable to the small companies, regime. This report was approved by the Board on 9 November 2022 and signed on its behalf by.. Barry Douglas Treasurer
COLLINGWOOD CENTRE LIMITED Company registered nurnber.. 4312498 Charity Comrnission registered number.. 1098807 Report of the Independent Examiner For the fi'nancial year ended 31 March 2022 I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022 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 lawl.. you are responsible for the preparation of the accounts in accordance with the requ1mentS of the Companies Act 2006 (kne 2006 Acl"). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2QK16 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of Ihe Charities Act 20111'Yhe 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 examinerfs statem•nt I have completed my examination. I confirm that no matenal matters have come to my attention which gives me cause to beIve that.. accounting records were not kept in accordance with section 386 of the Companies Act 2006,. or the accounts do nol accord with such rerdS.. 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 tEen prepared in accordance with the Charities SORP IFRS1021. Signed 9 November 2022 For & on behalf of.. AIT Accountants Limited Malvern House, New Road, Solihull, B913DL Telephone 0121 711 1957 Email.. enquiries@aitaccountants.co.uk
COLLINGWOOD CENTRE LIMITED Company registered number. 4312498 Charity Lommission registered number.. 1098807 Statement of Financial Activities For the financial year ended 31 March 2022 Incoming resources Restrlcted Income funds Unrestricted funds Endowment funds Total this Year Total last Year Donations and legacies Activities to further the charity's objects= C7ranls receivable Activities to generate funds.. 1,420 1,420 1,175 18.500 18,500 25,644 Miscellaneous income Investment income and interest Other incoming resources 181,445 181,445 152,967 15 15 224 Total Incoming Resources ReSoUrS expensed 182,880 18,500 201.380 180,010 Costs of generating funds.. Fundraising add publicity Charitable èxpenditure Grants and donations payable Costs of activities for charitable otriiectives Support costs Management and admin 11.393 30.166 111,085 3.798 12.928 1,989 15,191 43,094 113,074 13,996 33,616 106,410 Total resources expended 152,644 18.715 171,359 154,022 Net loutgoingifincoming resources 30,236 (2151 30,021 25,988 Total Funds al 1 April 2021 Total fund8 at 31 March 2022 166.571 2.099 168.670 142.682 196,807 1,884 198,691 168,670 All of the above results are derived from continuing ath"vities. All gains and losses recognised in the year are induded above.
COLLINGWOOD CENTRE LIMITED Company registered number.. 4312498 Charity Commission registered number." 1098807 Balance Sheet For the financial year eIed 31 March 2022 The notes on pages 10 to 14 fonm parl of these accounts. 2022 2021 Fixed assets Tangible as>et 467 629 Total fixed assets 467 629 Current assets Debtors Other Debtors Cash at bank and in hand Total cuThent assets 36,129 996 188,686 22,057 3,642 157,818 225.811 183.517 Creditors.. amounts falling due within one year 127,587) (15,476) Net current assets 198,224 168,041 Total assets 198,691 168,670 Credrtors.. amounts falling due after one year Provisions for liabilities and charges Net assets 198,691 ital Funds Permanent capital funds 168,670 Total cgpital funds Income funds Restricted funds Unrestricted funds 1,884 196.807 2,099 166,571 Total funds 198,691 168.670
COLLINGWOOD CENTRE LIMITED Company registered number.. 4312498 Chanty Commtssion registered number." 1098807 Annexed slal8merbt to the balance sheet For the financial year ended 31 March 2022 The board of dlrnctor5 certify Ihat". For the financial year ended 31 March 2022 the director5 are saiisfied that the company is entitled lo exemption Ltnder the provisions of Companies Act 20C6 (the Acll lating lo the audit of the financial statements for the year by wrtue of section 477121. and that no member or Members have requesled an audit pursuanl to section 476 of the Act. The directors acknowledge their responsibility for_" ensuring that the compary keeps proper accounb'ng records which comply with section 386 of Ihe Act, and preparing financia15 51alements which gwe a true and fair view of the stsle of the affairs of the eompany as al the end of the financial year in accnrdance with ihe requiremenls of sects.ons 393 alld whth olherwse comply with the requiremen15 of the Act relating lo financial statements, so far as applicab lo the company. These financial statements have been prepared in aecordance with the provisions applicable lo COmP8nies subject to the small companies. regime of the Companies Ath 2006. 4pproved by Ihe Board and signed on ils behalt. hris Towe Chairman 9 November 2022
COLLINGWOOD CENTRE LIMITED Company registered number.. 4312498 Charity Commission registered numter: 1098807 Notes to the financial statements For the financial year ended on= 31 March 2022 Accounting policies la) 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 finanual Statements have been prepared in accordance with the Statement of Recommended Practi {SORPI, 'Accounting and reporting by Charities. published in 2005 and all applicable accounting standards. (b) Company Status The Charity is a company limrted by guaranlee. 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 furtheran of the general obiecb.ves of the charity and which have not been designated for other purposes. Designated funds comprtse of unrestricted fvnds that have been set aside by the Trustees for particular purF)oses. 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 reSoUrS are induded in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with rea5Dnable accuracy. Voluntary income is received by way of donations and is included in full in the Statement of Financial Actr'vities when receivable. The value of services provided by volunteers has not been inciuded. Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activtties in the year in which they are receivable. io-
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 2022 Accounting policies {continued) (e) Resources expended All expenditure is accourrted 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 parbcular headings they have been allocated to aGtivrties using estimates deemed approptiate 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 charrtable a¢tivities. Support costs are those costs IncUed directly in support of expenditure on the objects of the chanty and include proiect management costs. Managemerrt and administration costs are those incurred in connection with the administration of the chanty and Complian with constitutional and slatulory 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 ts'me of acquisition. Depreciation is provided on all tangible fixed assets al rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows.. ixtures and Equipment 25% reduang balan Ig) Operating leases Rentals payable under operating kases are charged tc the StateTnent of Financial Activities as incurred over the temi of the lease. (h) Pension Costs The company operates a defined contribution scheme for the benefit of its employees. The costs of contnbutions are written off against profits in the year they are payable. li) 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. lil Stock Stock consists of purchased goods for resale. Stocks are valued at the lower of cost and nel 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 finan 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 finan charges. Finance tharges are written off lo the SOFA over the period of the lease so as to produce a constant periodic rate of charge.
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 2022 AGcountlng policies {continued (11 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 al the balance sheet date. Afi differences are taken to the SOFA. Expenditure This year Last year Independent examiners fees for reporting on the accounts (Included in Professional 2nd Accountancy Costs) 1,500 1,200 This year Last year Costs of actlvities in furtherance of the Charity's objects Tutor & other salaries & fees Activities & material costs Catering costs Motor. Iravelling & subsistence Entertainment costs Publicity, advertising & stationery Sundry costs 6,895 5.871 457 9.055 4,384 163 1,822 146 354 40 15,191 13,996 Support Costs Premises & utility costs Telephone & fax costs Internel & computer media costs Computer & equipment maintenance Premises repairs & maintenance Insurance & licences Bank charges & finance costs Depreciation This year Last year 30,728 1.474 1,314 3,973 3,046 1,976 421 162 24,530 1,683 1,037 2,020 2,316 1,510 310 210 43.094 33,616 Management and administration costs Staff salaries Professional & accountancy costs This year Last year 111,274 1,800 104,330 2.080 113.074 106.410 12_
COLLINGWOOD CENTRE LIMITED Company registered number: 4312498 Chanly Commission registered number. 1098807 Notes to the financial statements (continued) For the financial year ended on 31 March 2022 Tangible fixed assets Freehold land and buildings Other Fixtures, land and Computer fittings and buildings equipment equipment Asset cost or valuation Total Balance brought forward Additions Disposa15 Transfers Revaluations 8,808 52.621 61,429 Balance carried forward 8,808 52,621 61,429 Accumulated depreciation Freehold and impairment provisions land and buildings NIA other Fixtures land and Computer fittings and buildings equipment equipmènt NIA RD RD 250/0 25% Basis Rate Total Balance brought fonvard Disposals Transfers Revaluations Impairment provisions Charge for year 8.415 52,385 60,800 64 162 Balance carried foThvard B,513 52.449 60.962 Net book value Brought forward Carried fomard 393 236 172 629 467 295 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 2022 Debtors and prepayments Analysis of Debtors Amounts falling due within one year Amounts falling due after more than one ear This year Last year This year Last year Trade debtors Other debtors Prepayments 36,129 22.057 2,622 1.020 Total 37,125 25,699 Creditors and accruals Analysis of Creditors Amounts falling due within one year Amounts falling due after more than one ear This year Last year This year Last year Trade creditors Other taxes & social security Other creditors and accruals 21,011 1.174 5.402 12,150 1,127 2,199 Total 27.587 15,476 14-
COLLINGWOOD CENTRE LIMITED Company registered number.. 4312498 Charity Commission registered number. 1098807 Income and Expenditu Account For the financi21 year ended on.- 31 March 2022 Previous year Current year Income 25,644 1,175 224 Grants received Donations reIVed Interest received Fund raising Tuition fees. rents & sundry incom8 18,500 1,420 15 152.967 181.445 180,010 Expenses 201,380 104.330 9,055 4.384 163 Staff salaries Tutor & other salaries & fees Activrties & material costs Catenng costs Motor: travelling & subsistenr Entertainment costs Premises & utilty costs Publicity, advertising & stationery Telephone & fax costs Internet & comDUter media costs Computer & equipment maintenance Premises repairs & maintenan Insuran & linCeS Professional & accoLJntancy Bank charges & finance costs Sundry costs Depreciation 111.274 6,895 5.871 457 24,5JO 354 1,683 1,037 2,020 2,316 1,510 2,080 310 40 210 30,728 1,822 1.474 1.314 3.973 3,046 1,976 1,800 421 146 162 154,022 171.359 25,988 (Deficitysurplus for the year 30,021 This page does not fomi part of the statutory accounts