CYPRIOT COMMUNITY CENTRE GENERAL tNFORMATION TRUSTEES Under ihe tenns of the Irusl deed the persons elected to the executive governing board, are automatically appointed to the board of trustees as well.. The members appoinled lo the governing board, and the Board of Trustees were as follows: Position Held As of 31 sl March 2024 Chair Susie Constantinides MBE Treasurer Bambos Charalambous Vice-chair Vice-chair Vice-chair Andreas Savvides Folini Tsioupra Gokay Ucar Executive Member Executive Member Executive Member Executive Member Executive Meniber Munur Egemensoy Andreas Georgiou Demelris Georgiou Ergun Kilic George Theodoulou MANAGER Christalla Evdokimou CHARITY REGISTRATION NUMBER: 1112762 DATE OF REGISTRATION 181h January 2006 REGISTERED èkDDRESS Earlharn Grove Wood Green London N22 5HJ TELEPHONE NUMBER 020 88812329 FAX NUMBER 020 88818794 EMAIL cycc6363@gmail.com INDEPEIYDENT EXAMINER S. Francis-joseph FCCA Anthony Joseph & Co. Limiled Chartered Certified Accountant Business & Technology Centre Bessemer Drive Stevenage, Herts. SGI 3DX ACCOUNTANTS Alexander Associates Chartered A¢¢ounlants 24A Aldern]ans Hill, Palmers Green London N13 4PN
CYPRIOT COMMifNITY CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 sl Marcli 2024 The Trnstees preseni iheir Report along with the Financial Statements of the charity for the year ended 31 sl March 2024. The Trust is an unincorporated trust, conslituled under a trust deed dated 18111 January 2006, and regist¢red as a charity (Charity Nuinber l 112762). Appointment of the Trustees is detailed in the Charity's governing document. Prior to its constitution under the above trust deed and its registration as a charity, Ihe Cypriot Community Centre ha5 been serving the needs of the community for 44 years as a non-profit-making organisalion, and Conlinuiiy and accountability have been our main strengths. Annual A¢counts have been audile(Vindependenily examined since Ihe Centre's inception in 1979 as a voluntary organisation Tlle financial slalemenls have been prepared in accordance wilh the accounting policies set out on page 10 of the accounts and comply wilh the charity's trust deed, the Charities Act 2011 and the Statement of Recommended Practice applicable to charffilies. The Pandemie By the end of Ihe financial year 31" March 2024, we conlinued to repair the devastation caused by the Pandemic, along with the whole of the UK. As the CCC self-generates its income mainly via Letlings and Catering which nonnally support all its Services, Facilities, Activities and Overheads, our Centre Manager, Chrislalla Evdokimou, had already concentrated on building back these income streams in the previous year and continued to do so in this current year. Meals-on-wheels Tliis continues to be an essential service which is maintained by Ihe CCC. Members are reminded thal this was extended froni Haringey lo Enfield . This has always been invaluable to support the vulnerable ElderlylDisabled isolated at home. Apart from the nutritional value, this is often the only contact they have with the community wliich also affords safety. We remind Members that this important Service rnns at a loss and is subsided by the CCC'S other Income streams. This is also because the cosl of food purchases. moloring costs have greatly increased during this fman¢ial year. Day Care Service The Day Service successfully rebuilt ils services Ihroughout 202312024 and is an essential service for both residents and carers alike. Ai present we are on an even keel financially. However, we have had to subsidise our two tail-lift adapted minibues by other means of transport. Indeed, allied expenditure, e.g. peti'ol, repairs, servicing, continue Éo rise.in the new financial year. Tlie Drop-lnlsocial CafelLovnge area was extended to allow a larger kitchen and its capacity and menu expanded. We allocate small events to be carried out by the Social Cafe. However, this entails higher expenditure costs, e.g. electricity caretaking, not planned for. Our AdvicelAdvoeacy Serv1¢¢ ¢ontinued throughout this year. Demand for help from our Adviser increased during this period as most clients were unabl¢ to use electronic equipment or have the language skills lo do so. The CCC continued to fund this invaluable service, putting pressure on our fmances. Whilst we were finally approved for a grant from the City Bridge Foundation, this has been with the proviso that we acquire a AQS Advice Quality Standard Ac¢reditation for our service.by the end of the financial year.. The Service is vital lo those who are unable to receive Advlce elsewhere in the borough.. Hygiene Our Centre Manager, Chrislalla Evdokimou continued lo instal and maintain hygienic measures, undertake risk assessments throughout the Centre, in each specific working area, e.g. the Kitchen, devised ways of delivering food safely. protecting all the Community and Staff. Haringey Council's Environmental Service have awarded the CCC'S Kilchen a 5 Star Rating. Staffing Our Centre Manager Chrislalla Evdokimou. directed all the services, supervised the staff, ensuring the vital running of the CCC. Tlie fact that the CCC fuiictions 363 days a year, seven days a week, needs flexible workiiig hours which needs expert manoeuvring for both the Main Centre and the Day Centre.
CYPRIOT COMMUNITY CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 IncomelExpenditure Increased Expenditure for Overheads, Insurances, Contracts, Employers. Nl had still lo be mel during this year. Delayed payment of contracts by Haringey Council for Day Care, has continued. Extra areas of eXpendire include rising Petrol costs, e.g. for the Day Care Service and Meals-on-wheels Services, increase in Food Costs, increased Repairs and Renewals. Increase in Utilities costs. Refurbishment As staled in last year's accounts, our Centre Manager took the opportunity to renovate the Main Hall, Banqueting Area. This has proved invaluable in this financial year by allractii)g bookings and increasiiig our Lettings income. This rerb]sInellt needs to coiilinue throughout the new financial year. Donatlons & Fuiid-raising We had a good response from the community via Donaiions and Fund-raising, which we greatly appreciate. Grants Once again, we spent the whole year applying for Grants to sustain our work. This has been enorniously time-consuming but we are immensely grateful to the City Bridge Foundation for their understanding of our invaluable work and the need lo support our Advice/Advocacy Service. We are exploring the use of a Grants Application Expert. However there are many other areas of need that we need to seek grants for and need to explore these in the new finan¢ial year.- Survival and Maintenanee of its Services have been the Key notes of the Cypriot Community Centre's work in the financial year 202312024. On b¢half of the Trustees, the Chair and Treasurer met regularly with the Cenlre Manager to ensure and support her ex¢ellenl smooth wnning of the Centre. Tnislees continue to carry out the aims of the Cypriot Community Centre for the public benefit, within the definition of the Charity's objectives and the Charity Coinmission guidance on charities public benefit dulles. One-stop Centre & Services - Inclusive and not Exclusive Despite the difficulties, the Cypriol Community Centr¢ continued to be a Unique"One-Stop Centre" where users could benefit from a holistic approach to receiving services, providing language and cultural support lo ensure Ihat users recelved appropriate services.. The CCC is also Inclusive and not Exclusive in that we provided servi¢es, facilities, etc. for residents who were from any ethnic baekground and, where possible, could tak¢ advantage of our services. Coiitracts- We have renewed appropriate conlra¢ls for the maintenance. care and safety of th¢ building, e.g., lift, fire alarm, fire exlinguisliers. many of which were originally funded by Haringey Council bul are now totally paid for by the Cypriot Centre itself. In addition, we have carried out essential works, repairs, improveinents, and refurbishment as necessary and in obtaiiiiiig new and necessary licences and contracts as appropriate. However, we need lo explore funding to Carry out essenlial works. e.g. £27000 estimated for Lift works, the need for estimates for Structural work. All income generation areas have improved on Ihe previous financial year- in the Lellings and Catering areas. This has been due lo the work of our Manager, Christalla Evdokimou, who concentrated on increasing the quantity of use of our Letlings, in parallel with the quality. This was also due lo increased Publicity. In addition, we have also carried out the most essential Repairs & Renewals which were not carried oul in previous year5 but had become a priority by 202312024 .. ReserveslRiskslWorkslHeAlth & Safety - We will continue lo monitor the level of our reserve5, to coiilinue to provide the services lo meet our priorities and objectives. The Trustees and Centre Manager p¢riodically review the rlsks associated to the organisalion and will act to put in place systems lo mitigate this.
CYPRIOT COMMUNITY CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3 Isl MARCH 2024 Wear and tear over 45 years liave taken their toll on all our Heallh & Safety, Risk Assessmenl, Disabllltfies and Safety areas whieh need upgrading* replaeing) in5talllng? etc. In addition, in the new financial year, to continue marketing our banqueting, seminarlconference facilities, we will continue to upgrade our equipment and facililies and ¢any out rerbI8hlj)enl. However, to do this, we need lo ¢oncentrate on refurbisliiiig and making a few alieralions lo this area lo compete with private businesses. Of course, this will have a considerable cosl implication. New ServiceslActivfitles We added the following in this financial year.. Free Exercise Classes Boxing Dramati¢ Arts Workshops Development of Maths & English for Children Insuranee - We are well Covered by our insurance policies as follows: Public Liability, Employer's Liability, Contents, Professional Indeinnity, Business Inlerruption, Building (which we pay lo Haringey Council), Trustees Indemnity. However, wliilsl a Landlord will nonnally cover Building Insurance, Ihe Cypriot Centre pays the Building Insurance to Haringey Council wlio then insures the CCC along with its other buildings. Despite the identtfied financial, social and healih conceri)s, the close and excellent co-operation between the Centre's Officers, our Centre Manager Clvislalla Evdokimou and Staff, all working together for the common good, has contributed to the Survival and Continuing Success of the Cypriot Community Centre during this difficuli and tryiiig time. On behalf of our Officers, Executive, Board, Members and Users, we should like to ihank: . Chrislalla Evdokimou. our Centre Manager for her excellent management and fmancial control, her initiatives and close co-operation in implementing the TStees, decisions within the framework of ils policies. Plus her steerage lo maintaxn as many Services, Facilities, Safety Measures. Plus, her imaginative ideas and for increasing services and facilities to the community and increasing Publicily and Letlings. Christina Kalou our Day Services Manager for her dedication and devising different ways of working to particularly support our ElderlylDisabled Our Siaff Team for their dedication to Ihe Cypriot Communily Centre and all ils services. All ihe above also contribute invaluable volunlary lime to the Cypriot Community Centr¢. Haringey Council for its continued support and partn¢rship over the years. The Trustees continue to carry out the aims of ihe charity for the piiblic bei)efit within the definition of Ihe charity's objectives and the Charity Commission guidaT)ce on Charity Tiustees, public benefit activities. This is fully illuslraled above and in Ihe objectives clauses.
CYPRIOT COMMUNITY CENTRE Statement of Trustees Responsibilities The Iruslees are responsible for preparing the Annual Report and the fii)ancial statements in accordance will) applicable law and regulations. The law applicable lo charities iii England & Wales requires the trustees lo prepare financial statements for each financial year in accordance with United Kingdoin Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a trne and fair view of ihe state of affairs of th¢ charity and of the incoining resources and application of resources, including the income and expenditure, of the charity for that period. In preparing Ihese financial stalemenls, the trustees are required to.. a) select suitable accounting policies and apply them consistently. b) observe tlle nieihods and principles in the Charities SORP. c) make judgments and a¢¢ounting estimates that are reasonable and prudent. d) slale whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial statements. e) prepare the financial slalei)ienls on tlie going concern basis unless it is inappropriate to presum¢ that the charity will continue to operate. The trustees are responsible for keeping sufficienl accounting records that disclose wktli reasonable accuracy al any lime the financial position of tlie charity and ei)able them lo ensure that the financial slalemenls coinply with the Charities Act 2011, the Charity (A¢¢ounls and Reports) Regulalions 2008 and the provisions of the Irust deed. 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. Approved by the Ttuslees on 17 January 2025 aild signed on their behalf by.. - Bainbos Charalambous . TrusleelTreasurer
LYPIIIOT LOMMIJNITY (:P.NTIIL.. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF I'Hf. CYPllJOT COMMUNI'fY CENTRE I report lo the Iruslees on my examination of Il)e financial slalen)enls of the Cypriot Community Centre ('the charity,) for the year ciid¢d 31 Mai'cl) 2024 which coinpi'ise tl)e Statenienl of Fii)arbcial A¢livilies, the Balance Sheet, the Sialeinent of Cash Floivs and relaled i)otes. This repurt is niade 501ely lo the chai'ity's Iruslees. as a body, iii accordance with section 145 of the Charities Act 201 I. My woi'k lias been undertaken so that I Intgllil state lo Il)e ¢l)arily's tIU51ees Il)ose iiiatters l ani required to stale to iliem in this report and for no other purpose. To the fullest extent pei'milled by law, I do not accept or assume responsibility lo anyone other than d)¢ cl)arity and the charity's Ii'ustees as a body, for my ivork, for this report, or for the opinions I have forined. Responsibilitlcs aiid basis of report As Ilie IrLEslee5 uf Il)e Ll)arily YOLI are responsible fL)I' tl)e prepdration of th¢ financial slat¢meiils in dlLcoTdanLe willi Ihe requii'emenls of tlie Cliarilies Acl 2011 ('tlie Act,). report in respecl of my examination of the charity's fii)ancial 51aleiiients carried out under section 145 of the Act and in carryiiig out my exainiiiatioi) I have followed all the Nppli¢able Directioi)s given by ihe Charity Commission under section 145(5)(b) of th¢ Act. An independent exaininalion does not involve gathering all tl)e evidence that H'ould be required in an audit and Consequently does not covei. all the matters that ali auditor ¢onstders iii giving theii. opinion on tlie tinancial statements. The plai)ning and coi)ducl of an audit goes beyond the limiled assurance that ai) indep¢ndent exainii)ation can provide. Consequently l express no opinion as io whether Ihc financial stateinei)Is present a 'true and fair, view and my report is limited io those specific Inallers sel out in ihe independent examiner's 51atemeni. Independeiit rxuniiner's stul¢m¢nl Since Ilie Ii'iisl's gro%s iiicoine cxc¢eded £250,000 youi. examiner Inust be a iiiembei- of a body lisied in section 145 of the 2011. I confiiiii Iliat l am qualified lo undertake the examination because l ain a Ineinber of the ACCA, which is one of Ihe listed bodies. I have completed my exaiiiination. I confirm Ihai no material IT)3tters havc Lome lo my atlenlion iii connection wilh Ihe exaininalioii givin8 Ine cause to b¢lieve Ihat in any Inalerial I'esp¢¢l'. accoiinling r¢¢ords iyere not kept in respecl of the cl)arity a8 required by Section 130 of Ihe Act. or
? the financial slatemenls do not accord with those records. or Ihe fii)ancial siatemenls do i)ot Comply ivith the applicable r¢quirements concerning the forni und content of accouiits sel out in the Charities (Accoiiiils and Repoi15) Regulalions 2008 oilier thai) any requireinent Ihal the accounts give a 'lrue aiid laii. view ivhich is iiol a matter considered as part of an independenl examinalion. have no conceims and have come across no other matters in connection will) the examination to which attention should be drawn in this I'epoi1 iii order to enable a proper understanding of Ihe finaiicial siaiements to be I'ea¢hed. S. Francis-joseph FCCA Ai)il)ony Jos¢ph & Co. Liiniled Chartered Certified Accountaiits Business & Technology Centre Bessomer Dpive StevenDg¥e Hells. SGI 2DX Date: 17 January 2025
CYPRIOT COMMUNITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 3151 Marcli 2024 A: Incomin resources Un-Reslricled Funds Restricted Funds Total Funds 2024 Prior Year Total Funds 2023 Generated Funds Incoming Resources Notes Voluntar Donations Grants Ineomin A¢tlvitAes Grants Other Income froin Charilahle AGtivilies Actlvities for Generatillg Funds Job retention Scheme and Covid 19 Grants Investment Income Other Ineomln Resources Total Incomin Resources Income: 45,282 76.455 29.890 resollrces Irom Charltable 82.404 510,141 510.141 478,884 1,133 1,250 670 100 458 860 632 $46 46,565 716 065 B: Resources ex Cosls of Generalin ended Funds Cost of Securin Grants Fundraisin Activities Costs Charitable A¢livilies Costs 21,544 324,558 350,384 324 558 303 819 293 112 369 536 46,565 Total Resources Ex ended 649 921 696 486 683 019 Net Incoming l Outgoing Resources Before Transfers 20,179 20,179 {SO,473) C: Transfers Gross Transfers Between Funds Nel Incoming Resources Before other Gains and Losses 20,179 20,179 (50,473) D: Other Reco nised GainslLosses: Gains on Revaluation of fixed Assets Gains l Losses on Investment Assels Profit/ Loss Dis osal of Motor Vehicle Net Movement in Funds 20,179 50,473 E: Reconciliation of Funds Total Funds Brou hl Forward 451,880 451880 502,353 Total Funds Carried Forward 472 059 472 059 451880 The notes on pages l (P- 16 fomi part of these accounts.
CYPRIOT COMMUNITY CENTRE BALANCE SHEET AS AT 3151 Marcli 2024 A: Fixed Assets Total Funds 2024 Prior Year Total Funds 2023 Notes Intangible Assets Tan ible Assets Herita e Assels Invesltjienls: Investments Pro ramme Related Inveslmenls 13 320,924 306 841 Tolal Fixed Assets 320,924 306 841 B: Current Assets Stocks and Work-In-Pro ress Debtors & Accrued Income Investments Cash at Bank and In Hand 14 15 7,605 35,515 39,214 16 144 655 133 316 Total Current Assets 191775 176,436 C: Liabilities Creditors: Amounts Fallin due Ivithin one Nel Currenls Assets or Liabilities Total Assets Less Current Liabilities Creditors: Amounts fallln due after more than one Provisions for liabilities and cliar es ear 17 31,397 145,039 451,880 163 730 484 654 ear 17 Net Asset or liabilities excludin ension asset or liabili 472,059 451880 D: Defined Benefit Pension Scheme Asset or Liabili Defined benefit ension scheme asset or liabili Net Assets or Liabilities in¢ludin ension asset or liabilit 472 059 451880 . The Funds of The Chari Endowment Funds Restricted Income Funds Unrestricted Income Funds.. Share Ca ital Unrestricted Incom¢ Funds Revaluation Res¢rve Unrestricted Income Funds Excludin Pension AssetlLiabili Pension Reserve Total Unrestri¢ted Funds 472,059 451,880 472,059 451,880 472,059 451,880 Tothl Charit Funds 18 472 059 451880 The accounting policie5 and noles lo the financial statements set out on pages 10-16 fonn part of these accounts. Approved by the Board of Trustees on 17 January 2025 Signed by Bambos Charalambous . .(Trusleeifreasurer)
CYPRIOT COMMUNITY CENTRE CASHf4LOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Note 2024 2023 Net cash inflowl(outfloiv) from operatiiig activities 20 10,206 (68,493) Returns on Anvestmeiits and servicing of finance 21 1,133 458 Increasel(decrease) in cash in Ihe period Reconcilialion of net Cash flow to movement in net debt Increasel{decrease) in cash in the period 22 Movement in net debt in tlie period Cash and Cash Equivalents at the start of tlle Year 11,339 133 316 {68,035) 201351 Cash and Cash Equlvalents at the end of the Year 16 The notes on pages 10-16 forni part of tlle a¢¢ounls
CYPRIOT COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" March 2024 ACCOUNTING POLICIIS Basis of Pre arallon The accounts have been prepared under the historical cost convention with item5 recognised al cosi or transaction value unless oihenvise slated in the relevant noles lo these accoun15. The accounts have been prepared in accordance witli the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in tlie UK and Republic of Ireland (FRS 102) (effective l January 2015) - ((Charities SORP (FRS 102)), the Financial Reporting Standard applicable lo the UK and Republic of Ireland {FRS102) and the Charities Act 2011. The Charily constilules a public benefit entity as defined by FRS 102-. As staled in the Trustees Report, the Trustees are of the opinion that the accounts are lo be prepared on a Going Concern basis. This is as a result of measures being in place to ensure tliat ihe organisation will commit to expenditure where these are funded. In addition lo this, the organisation will continue to intensify ils efforts lo seek different income streams lo nd ils activities. Taking this into account, the Trustees are of the opinion that the accounts are to be prepared on a Going Concern basis. The period covered by this assessinent is a miiiiinum of 12 nionths from the dale of approval of ihe a¢counls. Funds Structure All of the charity's funds comprise of unrests'icted funds, which the trustees are free to use for any purpose in furtherance of the charitable objects. Uijrestricled funds include designated funds where tlie trnslees, al their discretion, have created a nd for a specific purpose. The charity has no endowment or restricted funds, bul if any such funds were lo be acquired tliey would be shown in tlie financial statements separately from the unrestricted funds, and be used in accordance with the speclfic iiistructions of the donor or Irusi deed whicli has created the fvnd. Incomin Resources Voluntary income including donalions, gifts and grants Ihal provide core funding or are of a general nature are recognised where there is entitlement. certainty of rec¢ipi and the amount can be measured with sufficient reliability. Such income is only deferred when.. The donor specifies thai the grnnt or donation must be used in the re. The donor has imposed condtlions which musl be met before the charity has uncondilional entitlernenl. Investment income is recognised on a receivable basis. Income from charitable activities includes income received under contract or where enlitlement to grant funding is subject lo specific perfonnance coiiditions it is recognised as earned (as the relaled goods or services are provided). Grant income included in this category provides thnding lo support charitable activities and is recognised where there is entitlement, certainty of receipt and the amount Can b¢ measured with sufficient reliability. Resources Ex ended Liabilities are recogiiised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accmals basis and has been classified under headings that aggregate all costs related lo the category. Allocation of overhead and su ort costs Overhead and support ¢osls, including irrecoverable VAT, are allocated directly to the activity for which they have been in¢urr¢d, but if they cannot be allocated directly to a particular activity they are apportioned between fundraising activities. charitable activities and goveinance using an appropriate cost benefil rallo. Costs of enei'atiii rinds The costs of generating funds include costs incurred directly in Connection wilh the fundraising activity as well as an apportionment of overhead and support costs Costs of charitable aetivfities Costs of charitable activities include costs incurred directly in connection with the charitable activity as well as an apportionment of overhead and support costs. Governance eosts Governaiice costs coiiiprise all co.sts involving the public accountability of the charity ar)d tts compliance with regulation and good practice. These costs include costs related lo slatulory audil and legal fees, together with an apportioninenl of overhead and support costs. io
CYPRIOT COMMUNITY CENTRE NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31" March 2024 Tan ible Assets Depreciation is provided at the following rates to write off each asset over ils estimated usefvl life.. Buildiiig & Improvement costs 2 /0 on cost Equipment & Fittings / Utensils & Crockery IOO/o on reducing balance m¢ihod Motor Vans & Minibuses 15 /0 on reducing balance Inethod. Penslons The charity operates a defined contribution scheme. Contributions lo the scheme are based on applicable pension costs in the organisation taken as a whole. The pension charge recorded in the accounts is the ainount of contributions payable in the accounting year. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at Baiik and In Hand Cash al bank and in hand includes cash and short tern) highly liquid investments in deposits or similar accounts. Credltors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulling from a past event that will probably result in the transfer of ndS to a third party and th¢ amount due to settle tl)e obligation can be measured or estimated reliably. Creditors and provisions are norn]ally recognised al iheir settlement amount after allowing for any trade discounts due. 2024 2023 VOLUNTARY tNCOME: Donations- UnresÉricÉed Donations- Restricted Minibus a Grants- LB Harin Grants- Otlier Grants -Ci Brid e Foundation Trust- Restricled Total 9,386 5,000 15,269 32,000 3,240 eal 121737 ACTIVITIES FOR GENERATING FUNDS Lettin of Functionlmeelin Seminarlconference Rooms Classes Provision of Caterin Services Care Centre Total 247 114 234,888 207 158 510 141 478 884 INVESTMENT tNCOME Bank Interest Recelved Total 458 458 INCOME FROM CHARITABLE ACTIVITIES Grants Other Income from Charitable Activities Total 87,449 87,449 OTHER INCOMtNG RESOURCES Other Income 1,250 860 Total 860
CYPRIOT COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" March 2024 COST OF SECURING GRANT INCOME - UNRESTRICTED Salaries & Wa Administrative Overheads Total 2024 19,010 2,534 21,544 2023 es FUNDRAISING COSTS - UNRESTIUCTED Salaries & Wa es Stock Purchases EslabEishment Overheads Administrative Overheads Pa roll & Licence Fees Financial Overheads r¢¢iation Total 2024 213,867 19.252 59,317 16,472 2,389 1,893 11,368 324 558 2023 l99 592 293 112 CHARITABLE ACTIVITIES COSTS Unreslricled Restricted 2024 2023 Salaries & Wa es Stock Purchases Establislmienl Overheads Administrative Overheads Trainin & Advertisin roll & Licence Fees Bank Char es & Interest i'eciation Govemance Costs Total 86,567 36,757 10,977 301 123,567 36,757 14,977 3,801 115320 2.065 422 433 11.368 156994 303 819 422 433 11,368 159,059 350,384 545 237 ote9 148,956 369,536 GOVERNANCE COSTS - UNRESTRICTED Salaries & Wa es Establishment Overheads Administration Overheads Accountanc & Bookkee Audit Fees recialion Total 118,815 23,485 2,534 110,884 26,468 2,630 4,000 in Fees 3,849 148 956 156 994 io ANALYSIS OF STAFF COSTS Salaries and Wa Social Securlt Costs Other Pension Costs Total es 445 119 412,749 25,399 5,389 443 537 475 258 No employees earned £60,000 per annum or more during the year (2023.. Nil). No tstee received any remuneration in respect of their servic¢s or expenses reimbursed during the year, {2023.' Nil). The key Inanagemenl p¢rsonnel of the charity comprise the Trustees and ihe Centre's Manager .The total employee benefils of Ihe key management personnel of the charity was £45,197 (2023..£44,613). 12
CYPRIOT COMMUNITY CENfRE NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3151 March 2024 ANALYSIS OF NUMBER OF EMPLOYEES Full Time Em ees.. Govemance and Administration Fundraisin Id Charitable Activities ortin Peo le Service Subiotal 12 12 Part Time Em ees: Governance and Administration Fundraisin and Charilable Aclivities ortin Peo le Service Sub-Total Total Number of Em ees 19 19 12 AUDITORS I ACCOUNTANTS REMUNERATION Audit Fees roll and Accounlanc Fees Taxation and oiher services 2,500 6,140 1,125 7,060 Total 8,185 13 TANGIBLE FIXED ASSETS Computer Equipment Building Improvements Ulensils Equipment Fixtures & Fittin Motor Vehicles Total Crocke COST AI 0110412023 Additions Dis osals At 3110312024 667 560 451 189 611 797 Z71 667 560 451 189 611 839 750 DEPRECIATION At 0110412023 Char es Dis osals At 3110312024 166 50 343,831 11,209 136 794 490 430 105 216 355,040 142 076 16,891 518 826 NET BOOK VALUES At 3110312024 451 205411 939 320 924 At 3110312023 501 216 620 306 841 13
CYPRIOT COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" March 2024 14 STOCK 2024 2023 Malerials and Finislied Goods 7,906 Total 15 DEBTORS AND PREPAYMENTS Other DebtoTs Pre ments Accrued Income VAT Included 37,149 2,065 Total 16 CASH AT BANK AND IN HAND Bank Current Account Bank Buildin s & Disabilities Reserve Account Care Service Cash in Hand 46.562 3,879 Total 144 655 133 316 2024 2023 17 CREDITORS AND ACCRUALS Due withiii one Other Creditors Accruals Other Taxation and Social Se¢vril Cash de osits ear: 3,666 14,399 5,124 9,224 2,650 Due Ivithin more than one Hire urchase loan after one Total ear: ear 18 TOTAL CHARITY FLfNDS Atl April 2023 In¢omfing Resources Resources Expended At31 March 2024 2023 Endowment Funds Restricted Funds- City Bridge Trust Unrestri¢l¢d Funds 46,565 46,565 451,880 670 100 649,921 472 059 451,880 Total 472 059 451880 ANALYSIS OF NET ASSETS BETWEEN FLfNDS Unre5trieted Funds Restricted Funds Total 2023 Fixed assels Nel current assets 320,924 151,135 320,924 151,135 472,059 472,059 14
CYPIUOT COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 Marcl) 2024 The Restricted Funds received and ulilised in tlie year were from The City Biidge Foundation Trust. This was for Ilie Advice and Advocacy Services. The Unrcstrictcd Fund are used by the charity to further ihe services provided. The amount of available funds as shown above includes £20,000 which has been i'eseived by the Trustees for Building & Disabilities works, Improved Health & Safety works, other Building improvements, Repairs & Renewals, and othei. areas of need, iiiternal and cxtemal, as outlined in the Ti'ustees, Repoit.A summary of the type of ilems which need prioritising for which ihe ndS l)ave been reserved is given below. Tliese are examples of works and developments which need to be undertaken in 202412025 and not the total. In addition, a building such as the Cypriot Community Centre constantly needs repairs and renewals, works, etc. as we liave a fvll repairing lease. These items will be prioritised tlll'oughout the new financial year. Window upgrading or replacing old windows Essential plumbing works to upgrade toilet blocs, especially for Health & Safely, Risk Assessment, Disabilities Ground floor repairs Theatre/ Gyn]IHall TLC Kitchen fittings, renewals Health & Safely- stairs & stainvells- 4 floors Renewal of old chairs aiid other furniture, plus covering of IT Equipinent upgrading, elc. Painting & Decoraling - general First floor Main Hall upgrade CCTV repairs and installation for Security Air Conditioning 19 RELATED PARTY DISCLOSURE AND TRUSTEES REMUNEL4TION Trustees Remuneration Re-imbursement of Trustees Ex Nil Nil Nil enses Total 15
CYPRIOT COMMUNITY CENTRE IYOTES TO THE FINANCIAL STATEMENTS ote 20 RECONCILIATION OF THE NET (OUTGOING)IITrICOMING RESOURCES TO NET CASH IIYFLOWI(OUTFLOW) FROM OPERATING ACTIVITIES 2024 2023 Nel {outgoing)lincoming resources Deprecialion charges Investment Inconie 20.179 28.396 (1,133) (3,699) 9,243 (301) (50,473) 19,389 (458) (7,588) 10,595 (1,958) (Increase)/Decrease in debtors (Decrease)IIn¢rease in creditors (Increase)/Decrease in Stocks Fixed Asset Additions Net cash inflowl(outflow) from operatiiig activities (42,479) (38,000) 21 ANALYSIS OF CASH FLOWS FOR HEADINCS NETTED IN THE CASH FLOW STATEMENT 2024 2023 Returns on Investment5 aiid servieing of finance Investment Income 458 Nel easl) infloiv for returns on investments and servicing of finanee 22 ANALYSIS OF CHAP4GES IN CASH AND CASH EQUIVALENTS At 1.4.23 Cash flow Ai 31.3.24 Nel Cash: Cash at bank 133 316 144 655 Total 144 655 16