COMPANY REGISTRATION NUMBER: 05626686 CHARITY REGISTRATION NUMBER.. 1112982 Oughtrington Community Centre Company Limited by Guarantee Unaudited Financial Statements 29 February 2024 MArrocKS GRINDLEY Chartered accountants 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OWN
Oughtrington Community Centre Company Limited by Guarantee Financial Statements Year ended 29 February 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not fomi part of the financial ststements Detailed statement of financial activities 17 Notes to the detailed statement of financial activities 18
Oughtrington Community Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 29 February 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 29 February 2024. Reference and administrative details Registered charity name Oughtrington Community Centre Charlty registration number 1112982 Company registration number 05626686 Prlncipal office and registered 1 Oughtrington CreSnt office Lymm Cheshire WA13 9JD United Kingdom The trustees Mr N Storer Mrs H Ray Mrs J Lombardi-Brown Mrs K Duffin Mrs L Kerley Mr A Openshaw {Appointed 10 May 2023) {Appointed 10 May 2023) (Appointed 10 May 2023) (Appointed 10 May 2023) (Appointed 10 May 2023) (Appointed 10 May 2023) (Served from 10 May 2023 to 2 August 2023) (Appointed 10 May 2023) (Appointed 29 November 2023) (Resigned 10 May 2023) (Resigned 10 May 2023) Mr D Ridpath Mrs L Welsh Mr I Penlington Mr P Gibson Mrs C Royle Company secretary Mr A Openshaw Independent examlner Giles Mattocks FCA 18 Mulberry Avenue Tumstone Business Park Imdnes Cheshire WA8 OWN
Oughtrington Community Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the DirectOS Report) (contlnuedj Year ended 29 February 2024 structure, governance and management The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association adopted on 17 November 2005. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The Board of Management is responsible for the day to day management of the Oughtrington Community Centre. The Chair, Vice Chair & Treasurer sit on the Board of Trustees. The Board of Trustees is responsible for the overall governance of the charity.
Oughtrington Community Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 29 February 2024 Objectives and actlvlties Oughtrington Community Centre is unique. Since 1983 it has been owned and managed by the community. On behalf of local people, a committee of volunteers have worked, and continue to work together to= Ctrordinate a packed program of activities that tske place at the Centre. Oversee the ongoing maintenance of the Cent. Raise the profile of the Centre and secure funding to ensure its ongoing operation. The Community Centre has gone from strength to strength incorporating a range of activities from Pre- School, to a Day Care Luncheon Centre for the Elderly, Cubs and Scouts, to a Ballet and Tap School. The objectives of Oughtrington Community Centro (OCC) as set down In our Memorandum of Association are: To improve leisure and social facilities available to the local residents of Oughtrington by working in association with the local authority, voluntary organisations and local people to advance education and to provide facilities in the interests of social welfare for reCation and leisure time occupation. To maintain and manage Oughtrington Community Centre. To protect and presepie the environment for the benefit of the public, and To promote other charitable purposes for the benefit of the residents of the area of benefit. Main areas of activity during the period A fire Grade 2 fire alarm system was fitted throughout the centre, replacing the end of life domestic smoke alarms. The section of water supply pipe from utility company valve to the building was replaced, removing a section of lead pipework, with the water main relocated to within the building. Damaged ironworks were also replaced. Repairs to roofing were made during the year. Emergency Lighting was installed throughout the building, in line with regulatory standards. Smart heating controls have been installed to annexe undertloor heating zones, to reduce energy bills. The Luncheon Club was suspended from Christmas 2023 and despite best efforts to recruit new leaders, has not restarted at the end of this financial period. New, regular hire groups include, mother and baby group, pilates and first aid courses. Communication with members continues with regular 6 monthly updates via email. From summer 2024, the OCC website was managed by OCC Trustees, with thanks to Geoff Bates for his management of the website extending over a period of 10 years and more.
Oughtrington Community Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 29 February 2024 The user groups, luncheon club (if and when restarted) and orchard group continue to be a fundamental part of the centre. The alm of the Oryanisation over the noxt year is to contlnue to: Build on the benefits provided by the new enlarged Board of Management which has managed the Centre since May 2023. Continue to review the safe working practices of the Centre as a whole and those of its users to ensure a safe pleasurable environment for all who use the Centre. Implement where appropriate improvements to the fabric and SeNiS of the Centre as indicated by the aforementioned review. Work with other organisations to improve the quality of life of local residents. Work needs to be done to increase hiring levels. To re-open the Luncheon Club. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance During the period to 29 February 2024, the charity continued to provide facilities, events and activities to the local residents and visitors. Financial review The annual report covers the period March 2023 - February 2024. The value of total reseprfes at 29 February 2024 were £394,604 {2023 - £416,143). Reserves have been maintained throughout the year to the level stated in the charity's reserves policy. Reserves policy It is the policy of the charity that unrestricted 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 event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. Rlsk management The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Oughtrington Community Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (eontlnu•dJ Year ended 29 February 2024 Plans for future perFods Key actlvltle$ and challenges for the year ahead Building lrnprovement and Maintenance Repairs to defective windows and doors Replacementloverhaul of flooring Boiler Replacement Replacement of Carpeting General redecoration of meeting rooms. tollets and lobby are8S Small company provlslons This report has been prepared in accordance with the provisions applicable to cornpanies entitled to the small companies exemption. The trustees, annual report was approved on .Z.ts..1j.. 2¥...... and signed on behalf of the board of trustees by". Mr A Openshaw Trustee Mr I Penllngton Trustee
Oughtrington Community Centre Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Oughtrington Community Centre Year ended 29 February 2024 I report to the trustees on my examination of the financial statements of Oughtrington Community Centre ('the charity,) for the year ended 29 February 2024. Responsibilitlos and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as 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 examinerfs 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 respect of the charity as required by section 386 of the 2006 Act. or the financial statements do not accord with those records,. or the financial statements 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 financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems 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. Giles Mattocks FCA Independent Examiner 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OWN /i,h
Oughtrington Community Centre Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 29 February 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and endowments Donations and legacies Charitable activities Investment income 2,472 22,650 1,352 2,472 22,650 1,352 4,215 20,041 286 Total income 26,474 26,474 24,542 Expendlture Expenditure on charitable activities Total expenditure 48,013 48.013 29,169 48,013 48,013 29,169 Net eXndIture and net movement in funds (21,539) (21,539) (4,627) Reconclliatron of funds Total funds brought forward Total funds carri•d fonvard 416,143 416.143 420.770 394,604 394,604 416,143 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 9 to 15 fomi part of these financial statements.
Oughtrington Community Centre Company Limited by Guarantee Statement of Financial Posltlon 29 February 2024 2024 2023 Note Flxed assets Tangible fixed assets 13 303,478 296.397 Current assets Debtors Cash at bank and in hand 14 2.996 96,191 99,187 4,836 118.693 123,529 Credltors: amounts falllng due wlthln one year Net currènt assets 15 8,061 3,783 91,126 119,746 Total assets less Gurrgnt Ilabllitles 394,604 394,604 416,143 Net assets 416.143 Funds of the charlty Unrestricted funds 394,604 394,604 416,143 Total charlty funds 16 416,143 For Ihe year endlng 29 February 2024 the charlty was en11td to exemption from audlt under sectlon 477 of the Companies Act 2006 relating to small companies. Directors, responslbilltles: The members have not required the company to obtsin an audit of its finandal statements for the year in question in accordance wh section 476; The directors acknowledge thelr responsibilities for complying with the requlrements of the Act with respect to accounting rec¢xds and the preparatlon of financlal statements. These financial statements have been prepared In accordance wlth the provisions applicable to companies subject to the small companie5, reglme. These financial ststements were approved by the board of trustees and authorised for issue on
fv>a...i¢é, and are signed on behalf of the board by.. 2(0111] 14 Mr A Open8h8w Trustee Mr I Penlington Trustee The notes on pages 9 to 15 fomi part of these 16nanclal slatements.
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Statements Year ended 29 February 2024 General infomiation The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered Offi is 1 Oughtrington Crescent, Lymm, Cheshire, WA13 9JD, United Kingdom. Stat•m•nt of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. bank overdrafts are shown within borrowings in current liabilities. Basls of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of rtain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the company has adequate reSoUrS to continue in operational existence for the foreseeable future. Judgements and key sources of estlmatlon uncertalnty In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. There are no judgements or critical accounting estimates.
Oughtrington Community Centre Company Limitsd by Guarantee Notes to the Financial Ststements (continuod) Year ended 29 February 2024 Accountlng pollcles {continuedl Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. the purposes and uses of the restricted funds are set out in the notes to the financial statements Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. Incoming resources Income is recognised when the charity is legally entitled to if, after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performan Conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or other¥vise rf the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Resources expended Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditu 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 are allocated on the portion of the asset's use. Tangible assets Tangible fixed assets are initially recorded at cost, and subsequently stated at cost or valuation, less any accumulated depreciation and impairment losses. 10
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Ststements (contlnued) Year ended 29 February 2024 Accountlng pollcies (contlnued) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold property Fixtures and fittings 00/0 since the market value is significantly higher than costs. 250/0 reducing balance Impairnient of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impaiment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 11
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 29 February 2024 Accounting policies f¢ontlnued) Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of operations fom suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Limited by guarantee The charity is a company limited by guarantee, having no share capital. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations and gifts 2,472 2,472 4,215 4,215 12
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Statements (contlnu Year ended 29 February 2024 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Rent Luncheon club contributions 18,310 4.340 18,310 4,340 22,650 16,036 4,005 16,036 4,005 22,650 20,041 20,041 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 1,352 1,352 286 286 Expenditure on charltable actlvities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Direct charitable activities Support costs 45,733 2,280 45,733 2,280 27,131 2,038 27,131 2,038 48,013 48,013 29,169 29,169 Expenditure on charitable activitles by actlvlty type Activities undertaken directly Support Total funds costs 2024 Total fund 2023 Direct charitable activities Governance costs 45,733 45,733 2,280 27,131 2,038 2,280 45,733 2,280 48,013 29,169 10. Net expenditure Net expenditure is stated after chargingl{credits'ng)- 2024 2023 Depreciation of tangible fixed assets 5,688 3,478 13
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 29 February 2024 11. Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,000 1,000 12. Trustee remuneration and expenses No remuneration or other benefits from employment with the Charity or a related entity were received by the trustees. 13. Tangible fixed assets Freehold Fixtures and propety fittings Total Cost At 1 March 2023 Additions 296,651 66,315 12,769 362,966 12,769 At 29 February 2024 Depreclatlon At 1 March 2023 Charge for the year At 29 February 2024 Carrying amount At 29 February 2024 At 28 February 2023 296,651 79,084 375,735 17,687 48,882 5,688 66,569 5,688 17,687 54,570 72,257 278,964 24,514 303,478 296,397 278,964 17,433 14. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 1,930 1,066 4,129 419 288 2,996 4,836 14
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Statements f¢onflnued) Year ended 29 February 2024 15. Credltors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Other creditors 106 6,230 1,725 471 1,692 1,620 8,061 3,783 16. Analysls of charltable funds Unrestricted funds At 29 February 2024 At 1 March 2023 Income Expenditure Unrestricted fund - General funds 416,143 26,474 {48,013) 394,604 At 28 February2 023 At 1 March 2022 Income Expenditure Unrestricted fund - General funds 420,770 24,542 (29,169) 416,143 17. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 303,478 99,187 (8,061) 394,604 303,478 99,187 (8,061) 394,604 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 296,397 123,529 (3,783) 416,143 296,397 123,529 (3,783) 416,143 18. Financlal instruments Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. 15
Oughtrington Community Centre Company Limited by Guarantee Management Infomiation Year ended 29 February 2024 The followlng pages do not forni part of the financial statements. 16
Oughtrington Community Centre Company Limited by Guarantee Detailed Statsment of Financial Activities Year ended 29 February 2024 2024 2023 Income and endowments Donations and Iogacias Donations and gifts 2,472 4,215 Charitable activities Rent Luncheon club contributions 18,310 4,340 16,036 4,005 22,650 20,041 Investment Income Bank interest receivable 1,352 286 Total Income 26,474 24,542 Expendlture Expenditure on charitable activities Luncheon club expenditure Rent Rates and water Repairs and maintenance Insurance Legal and professional fees Telephone Depreciation Electricity Gas charges Cleaning Refuse collection Gardening Sundry 2,136 409 4,226 9,839 1,883 6,816 586 5,688 3,580 7,802 2,160 2,888 2,425 411 2,248 3,641 1,742 2,038 307 3,478 4,637 2,850 2,447 2,355 393 197 48,013 29,169 Total exp•ndltur• 48,013 29,169 Net expendlturo (21,539) (4,627) 17
Oughtrington Community Centre Company Limitsd by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 29 February 2024 2024 2023 Expenditure on charitable activities Dire¢t charitable activities Activities undertaken directly Luncheon dub expenditure Rent Water rates Repairs & maintenance Insurance Direct charitable activity 1- legal and professional fees Telephone Direct charitsble activity 1 depreciation Electricity Gas charges Cleaning Refuse collects'on Gardening Sundry 2,136 409 4,226 9,839 1,883 4,536 586 5,688 3,580 7,802 2,160 2,888 2,425 411 2,248 3,641 1,742 307 3,478 4,637 2,850 2,447 2,355 393 197 45,733 27,131 Governance costs Governance costs - accountancy fees 2,280 2,038 Expenditure on charitable activities 48,013 29,169 18