THE LIMES COMMUNITY CENTRE (Charity number 1105390)
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE LIMES COMMUNITY CENTRE YEAR ENDED 31 MARCH 2025
INDEX
| Contents | Page |
|---|---|
| Legal and Administrative Details | 4 |
| Trustees’ Report | 2-3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| NotestotheAccounts | 7 |
THE LIMES COMMUNITY CENTRE
LEGAL AND ADMINISTRATIVE DETAILS
TRUSTEES - MrAP Farrar Miss M Farrar Mr A Staveley Mr J A Cooke Mrs Y Stringer Mr A Wilson (Appointed 27/3/2025) CHARITY REGISTRATION NUMBER - 1105390 SCHEME ADDRESS - Lime Street Beighton Sheffield South Yorkshire $20 1BL BANKERS - NatWest Bank Pic 5 Market Place Chesterfield Derbyshire $40 1TJ INDEPENDENT EXAMINER - Mrs J Wallage, FCA CISWO (Trading) Limited The Old Rectory Rectory Drive Whiston Rotherham South Yorkshire $60 4JG
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THE LIMES COMMUNITY CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report along with the financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 which can be found on page 7 and comply with the charities trust deed, applicable law and Charities SORP FRS 102.
Constitution, Objectives and Activities for the Public Benefit The charity is constituted by a scheme dated 1 July 2004 and was registered with the Charity Commission on 9 August 2004 under the number 1105390.
The objects of the charity are to provide a community centre for the benefit of the inhabitants (and in particular but not exclusively, such of said inhabitants as are members of the mining community) of the area of benefit without distinction of political, religious or other opinions with the object of improving the conditions of life for the said inhabitants.
The trustees have referred to the guidance from the Charity Commission on public benefit when reviewing the charity's aims and objectives and details of the activities that have taken place during the year can be found later in this report.
Organisational Structure
The trustees who have served the charity during the year are shown on page 1.
Trustee vacancies are advertised and interested parties are asked to apply in writing. Interviews will be held and suitable candidates are then notified to their nominating body being either CISWO, Trade Union or members. The trustee board is made up of equal numbers of each nominating body.
Financial Review
The charity had net outgoing resources from the day to day running of the Centre of £4,182 as opposed to £1,770 incoming in the previous year. This is largely due to the large amount of repairs after the flat roof needed replacing at the centre and an increase in utility costs. The trustees will continue to monitor and control expenditure in order to maintain the charity's financial stability in the future.
Review of Activities
Activities continue to be community and wellbeing focussed and include Andys Man Club, Tai Chi, Craft Group, Baby Sensory, Spiritualists, Yoga, Pilates, Ladies Friendship Group, Conversation Club and a range of dance and fitness classes.
We also host a range of ad hoc meetings and group events as well as children's birthday parties. Additionally we now open to the general local community one morning a week offering free refreshments as a part of the ‘keep warm’ initiative.
Overall the trustees are satisfied with the progress that is being made.
Investment Policy
The charity does not have an investment policy as such but the trustees have taken the sensible approach and placed some of the charity's liquid assets in an interest bearing bank account. This provides a small amount of extra income for the charity in the form of interest but means that the monies are readily available as and when they are required.
Reserves Policy
it is the policy of the trustees to maintain unrestricted funds which are the free reserves of the charity, at a level to provide sufficient funds to cover anticipated administration and support costs for a period of 12 months. Any additional reserves are held to provide a capital fund for repairs that will be required for the upkeep of the premises.
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THE LIMES COMMUNITY CENTRE REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2025 (CONTINUED)
Risk Management
The trustees are aware of the operational and financial risks which the charity faces and regularly reviews those risks to mitigate against any impact they may have on the charity. The major risks facing the charity are the support of individuals and the community in using the facilities and the introduction of the younger generation to provide for the future. The trustees work closely with the committee and members to address these risks.
Statement of Trustees Responsibilities
Law applicable in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
coSatie uci BEAN FARRAR cue Signed - Trustee Print Name
Date
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LIMES COMMUNITY CENTRE
| report to the Trustees on my examination of the accounts of the above named charity (registered number 1105390) for the period ended 31 March 20285, set out on pages5 to 7.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).
| report in respect of my examination of the Trustees’ accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all applicable directions given by the Charity Commission under section 145(5)(b) of the 2071 Act.
independent Examiners Statement
| have completed my examination. | confirm that no material matters have come to my attention 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 130 of the Act; or
(2) the accounts do not accord with those records; or
(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
| 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 accounts to be reached.
4h Ne.
Mrs J Wailage, FCA On behalf of CISWO (Trading) Limited
Date
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The Old Rectory
Rectory Drive Whiston Rotherham
$60 4JG
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THE LIMES COMMUNITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |
| Income and Endowments | £ | £ | £ | £ |
| Room hire and activities | 21,447 | - | 21,447 | 17,219 |
| Interest received | 209 | - | 209 | 214 |
| Donations | 8 | - | 8 | 1,180 |
| Grants Received | - | 9,000 | 9,000 | - |
| Total Income | 21,664 | 9,000 | 30,664 | 18,613 |
| Expenditure | ||||
| Wages | 6,000 | - | 6,000 | 6,000 |
| Rent, rates and water | 1,570 | - | 1,570 | 1,195 |
| Light and heat | 4,834 | - | 4,834 | 2,746 |
| Insurance | 2,096 | - | 2,096 | 2,160 |
| Telephone | 803 | - | 803 | 917 |
| Repairs and maintenance | 7,772 | 9,000 | 16,772 | 1,568 |
| Cleaning and hygiene | 1,712 | - | 1,712 | 1,435 |
| Printing, postage, stationery and advertising | 13 | - | 13 | 91 |
| Accountancy fees | 786 | - | 786 | 715 |
| Sundry expenses | 260 | - | 260 | 16 |
| Total Expenditure | 25,846 | 9,000 | 34,846 | 16,843 |
| Netmovement in funds | (4,182) | - | (4,182) | 1,770 |
| Fund balances broughtforward | 18,854 | - | 18,854 | 17,084 |
| Fundbalancescarriedforward | 14,672 | - | 14,672 | 18,854 |
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THE LIMES COMMUNITY CENTRE
BALANCE SHEET AS AT 31 MARCH 2025
| NOTE | 2025 | 2024 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| CURRENTASSETS | |||||
| Debtors and prepayments | 2 | 170 | 732 | ||
| Cash at bank and in hand | 3 | 18,132 | 21,750 | ||
| 18,302 | 22,482 | ||||
| LESS: CURRENT LIABILITIES | |||||
| Creditors falling due within one year | 4 | (3,630) | (3,628) | ||
| Net CurrentAssets | 14,672 | 18,854 | |||
| TOTAL NETASSETS | 14,672 | 18,854 | |||
| FUNDS | |||||
| Unrestricted Funds | 14,672 | 18,854 | |||
| Restricted Funds | - | - | |||
| 14,672 | 18,854 |
Approved by the Trustees and signed on their behalf by:
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coc tS NUTTNSARAL cen
Signed - Trustee
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BRAN FORRAB oo. Print Name
wdSMYPARORE Date
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THE LIMES COMMUNITY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
a) Basis of preparation and assessment of going concern
The financial statements have been prepared under the historical cost convention unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS102), the Financial Reporting Standard (FRS102) and the Charities Act 2011.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees have a reasonable expectation that the charity has adequate reserves to continue in operational existence for the foreseeable future. Accordingly the trustees continue to adopt the going concern basis in the preparation of the accounts.
b) Income Recognition
Income is recognised once the Charity has entitlement to the incorne, it is probable that the income will be received and the amount of income can be measured reliably.
Donations are recognised when they are received.
c) Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.
d) Tangible Fixed Assets
Tangible Fixed Assets owned by the charity are shown in note 2 to these accounts. Depreciation is charged at the following annual rate in order write off the cost of the assets over their estimated useful lives.
Building extension, fixtures and equipment
- 15% straight line
| 2. | DEBTORS & PREPAYMENTS | 2025 £ |
2024 £ |
|---|---|---|---|
| Debtors & Prepayments | 170 | 732 | |
| 170 | 732 | ||
| 3. | CASH AT BANKAND IN HAND | ||
| NatWest current account | 7,674 | 2,181 | |
| NatWest reserve account | 9,353 | 18,144 | |
| Cash in hand | 1,105 | 1,425 | |
| 18,132 | 21,750 | ||
| 4. | CREDITORS FALLING DUE WITHIN ONE YEAR Creditors and accruals |
3,630 | 3,628 |
| 3,630 | 3,628 |
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