COMPANY REGISTRATION NUMBER: 05626686 CHARITY REGISTRATION NUMBER: 1112982 Oughtrington Community Centre Company Limited by Guarantee Unaudited Financial Statements 28 February 2025 MATTOCKS GRINDLEY Chartered accountants 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OWN
Oughtrington Community Centre Company Limited by Guarantee Financial Statements Year ended 28 February 2025 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 fonn part of the financial statements Detailed statement of financial activities 19 Notes to the detailed ststement of financial activities 20
Oughtrington Community Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 28 February 2025 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 28 February 2025. Reference and adminlstratlve detalls Registered charity name Oughtrington Community Centre Charlty reglstratlon number 1112982 Company registration number 05626686 Prlncipal office and registered 1 Oughtrington CreSnt office Lymm Cheshire WA13 9JD United Kingdom The trusteos Mr N Storer (Chair) Mrs H Ray Mrs J Lombardi-Brown Mrs K Duffin Mrs L Kerley Mr A Openshaw (Secretary) Mrs L Welsh Mrs S Allanson (Treasurer) Mr I Penlington (Resigned 17 September 2024) (Resigned 16 April 2024) (Appointed 20 September 2024) Company secretary Mr A Openshaw Independent examiner Giles Mattocks FCA 18 Mulberry Avenue Tumstone Business Park Widnes Cheshire WA8 OWN
Oughtrington Community Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (ltInued) Year ended 28 February 2025 Structure, governance and managemont The charty 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, VI Chair & Treasurer sit on the Board of Trustees. The Board of Trustees is responsible for the overall govemance of the charity.
Oughtrington Community Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 28 February 2025 Objectives and activities 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.. Co-ordinate a diverse program of a¢tNities that take place at the Centre. Oversee the ongoing maintenance of the Centre. 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 regular activities including a Pre-school, Day Care Luncheon Club for the Elderty, Cubs, Scouts and Guides, a Ballet and Tap School, art group, exercise classes, children's summer camp activities and a range of occasional private hires (e.g. birthday parties). The objectives of Oughtrington Community Centre (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 Welfa for recreats'on and leisure time occupation. To maintain and manage Oughtrington Community Centre. To protect and preserve 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 durlng the perlod The Luncheon Club re-opened to its members on 12th April 2024, operating on Tuesdays and Fridays. A cold menu is on offer and activities during the period included chair-based exercise. Later in the year, support from the staff and children of Oughtrington Primary School recommenced. A rent revue for both regular hirers and Ad-hoc bookings was completed during the period to bring the O.C.C rental charges into line with other similar organisations within the local area. Significant discounts are offered for multiple hires and social groups. These changes in rentsl income are starting to be reflected in the level of Charitable Activities reported in the accounts. Improvements and repairs to the fabric of the building continued throughout the year utilising both O.C.C savings and the improved rental income previously mentioned. Such improvements benefit the current users of the centre and aim to attract new interest from both ad-hoc bookings and new regular hirers. Improvements during the year included.. Upgraded flooring in both the Pre-school area and main hall. Improvements to car park area. Electrical upgrade. Security lock replacements. Redecoration of Lobby area, Disabled Toilets and Large meeting room. Redecoration of kitchen area. Ceiling fans installed in Pre-school area, kitchen and main hall to redu heating costs.
Oughtrington Community Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (et>ntlnu•d) Year ended 28 February 2025 Further repairs to the roof were carried out during the year. Boiler rep1arnent and plumbing work was carried out during the year. Work was implemented to ensure doors complied with fire safety standards. The luncheon club continues to be a fundamental part of the centre's charitable acts'vities. The aim of the Organisation over the next 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 safe pleasurable environment for all who use the Centre. Implement where appropriate improvements to the fabric and services of the Centre as indicated by the aforementioned review. Work with other organisations to improve the quality of life of local residents. Continue to explore the expansion of hire levels. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. A¢hiov•monts and performance During the period to 28 February 2025, the charity continued to provide facilities, events and activities to the local residents and visitors. Flnancial revi•w The annual report covers the period March 2024 - February 2025. The value of total reserves at 28 February 2025 were £360,286 {2024 - £394,604). 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 fvrfelve 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 managemont The trustees have assessed the major risks to which the charty is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Oughtrlngton Community Centre Company Llmited by Guarantee Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) {lI1nU•dj Year ended 28 February 2025 Small company provlslons This report has been prepared in accordance with the provisions applicable to companles entitled to the small companies exemption. 217121 The trustees, annual report was approved on ............. . trustees by: . and slgned on behalf of the board of MrN torer (Chair) Trustee Mrs S Allanson (Treasurer) Trustee
Oughtrington Community Centre Company Limited by Guarantee Independent Examiner's Report to the Trustees of Oughtrington Community Centre Year ended 28 February 2025 I report to the trustees on my examination of the financial statements of Oughtrington Communty Centre ('the charity.) for the year ended 28 February 2025. Responsibilities 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. Indep•nd•nt oxaminorfs statement I have completed my examination. I confirm that no matters have come to my attention in connection wrth 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 fairf 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 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. Giles Mattocks FCA Independent Examiner 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OINN 2/7/2
Oughtrington Community Centre Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 28 February 2025 2025 Restricted funds Total funds Total funds 2024 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Investment income 3,550 3,550 30,380 1,910 2,472 22,650 1,352 30,380 1,910 Total incom6 32,290 3,550 35,840 26,474 Expenditure Expenditure on charitable activities Total expenditure 66,608 66,608 3,550 3,550 70,158 48,013 70,158 48,013 Net expenditure and net movement in funds (34,318) (34,318) (21,539) Reconciliation of funds Total funds brought forward Total funds carried forward 394,604 394,604 416,143 360,286 360,286 394,804 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notss on pages 9 to 17 forni part of these financial statements.
Oughtrlngton Community Centre Company Llmlted by Guarantee Statement of Financlal PosEtlon 28 February 2025 2025 2024 Not• Flxed assets Tangible fixed assets 13 312,870 303.478 Current assets Debtors Cash at bank and in hand 14 4.872 46,367 2,996 96.191 51.239 99,187 Credltors: amounts falllng due wlthln one year Net current assots 15 3,823 8,061 91.126 47.416 Total assots loss cuYr•nt Ilabllltles 360,286 394,604 Net assels 360,286 394,604 Funds of the chaylty Llnrestricted funds 360,286 360,286 394,604 Total charlty funds 16 394,604 For the year endlng 28 February 2025 the charity was entitled to exemption from audlt under section 477 of the Companies Act 2006 relating to small companles. Directors, responslbilities: The members have not requlred the company to obtain an audit of its financial statements for the year in question in accordance wlth section 476: The directors acknowledge their responsibilities for comptying with the requirements of the Act wlth respect to accounting records and the preparation of financial statements. These financlal statements have been prepared in accordance with the prowsions applicable to CWipanbes subject to the small companies, reglme. nancial statements were approved by the board of trustees and authorised for Issue on , and are signed on behalf of the board by: Mr N Storer (Chair) Trustee Mrs S Allanson (Treasurer) Trustee The notss on pag•s 9 to 17 fomi part of thos• flnan¢lal statements.
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Statements Year ended 28 February 2025 General Inforniation 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 office is 1 Oughtrington Crescent, Lymm, Cheshire, WA13 9JD, United Kingdom. Statement 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 Ststement 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 equlvalents 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. Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain 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 ststements, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Judgements and key sour¢•s of estimation 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 SoUrs. 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 Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 28 February 2025 Accounting policies (contlnuedj 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 ststements Endowment funds are subject to specific conditions by donors that the capitsl must be maintained by the charity. Incoming resoU¢S 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 performance 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 otherwise if 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 party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliabty. Expenditure is classified by acttvity. 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 ackn'vity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen 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 ststed at cost or valuation, less any accumulated depreciation and impairment losses. 10
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 28 February 2025 Accounting poll¢l•s (continued) Depreclatlon 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 propety Fixtures and fittings O % since the market value is significantly higher than costs. 25 /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 impairment 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 (¢ontlnu Year ended 28 February 2025 A¢¢ounting pollcles (contlnued) Financial 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 paty 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. Baslc financlal 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 form 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 guarant00 The charity is a company limited by guarantee, having no share capital. Donations and logacles Unrestricted Funds Restricted Total Funds Funds 2025 Donations Donations and gifts 12
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Statements {ntInued) Year ended 28 February 2025 Donatlons and legacles (conllnuedj Unrestricted Funds Restricted Total Funds Funds 2025 Grants Lymm Parish Council Lymm Community Energy 1,050 2,500 1,050 2,500 3,550 3,550 Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations and gifts 2,472 2,472 Grants Lymm Parish Council Lymm Community Energy 2.472 2,472 Charltable actlvities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Rent Luncheon Club contributions 26,236 4,144 26,236 4,144 18,310 4,340 22,650 18,310 4,340 30,380 30,380 22,650 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 1.910 1,910 1,352 1,352 13
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Ststements (contlnued) Year ended 28 February 2025 Expendlture on charltable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Direct charitable activities Support costs 65,280 1,328 3,550 68,830 1,328 66,608 3,550 70,158 Unrestricted Funds Restricted Total Funds Funds 2024 Direct charitable activities Support costs 45,733 2,280 45,733 2,280 48,013 48,013 Expenditure on charitable activities by activity type Activities undertaken directly Support Total funds costs 2025 Total fund 2024 Direct charitable activities Govemance costs 68,830 68,830 1,328 45,733 2,280 1,328 1,328 68,830 70,158 48.013 10. Net expenditure Net expenditure is stated after chargingl(crediting)-' 2025 2024 Depreciation of tangible fixed assets 9,568 5,688 11. Indopendont examination fees 2025 2024 Fees payable to the independent examiner for.. Independent examination of the financial ststements 1,200 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. 14
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 28 February 2025 13. Tangible fixed assets Freehold Fixtures and propety fittings Total Cost At 1 March 2024 Additions 296,651 79,084 18,960 375,735 18,960 At 28 February 2025 Depreciatlon At 1 March 2024 Charge for the year At 28 February 2025 Carrylng amount At 28 February 2025 At 29 February 2024 296,651 98,044 394,695 17,687 54,570 9,568 64,138 72,257 9,568 17,687 81,825 278,964 33,906 312,870 303,478 278,964 24,514 14. Debtors 2025 2024 Trade debtors Prepayments and accrued income 2,840 2,032 1,930 1,066 4,872 2,996 15. Creditors: amounts falllng due wlthln one year 2025 2024 Trade creditors Accruals and deferred income Other creditors 106 6,230 1,725 2,223 1,600 3,823 8,061 15
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Ststsments (confrnued) Year ended 28 February 2025 16. Analysls of charltable funds Unrestricted funds At 28 February 2025 At 1 March 2024 Income Expenditure Unrestricted fvnd - General fvnds 394,604 32,290 (66,608) 360,286 At 29 February 2024 At 1 March 2023 Income Expenditure Unrestricted fund - General funds 416,143 26,474 (48,013) 394,604 Restrlcted funds At 28 February 2025 At 1 March 2024 Income Expenditure Restricted Fund 1- desc in alcs 3,550 (3,550) At 29 February 2024 At 1 March 2023 Income Expenditure Restricted Fund 1- desc in alcs At28 February 2025 At 1 March 2024 Income Expenditure 2025 Lymm Parish Council Lymm Community Energy 1,050 (1,050) 2,500 (2,500) (3,550) 3,550 Lymm Parish Council - funds were given to assist the Luncheon club with the re4ecoration costs. Lymm Community Energy - funds were given to improve energy efficiency within the building. 16
Oughtrington Community Centre Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 28 February 2025 17. Analysls of net assets botweon funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 312,870 51,239 (3,823) 360,286 312,870 51,239 (3,823) 360,286 Unrestricted Totsl Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 303,478 99,187 (8,061) 394,804 303,478 99,187 {8,061) 394,604 18. Financial instruments Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. 17
Oughtrington Community Centre Company Limited by Guarantee Management Information Year ended 28 February 2025 The following pages do not forni part of the financial statements. 18
Oughtrington Community Centre Company Limited by Guarantee Detailed Statement of Financial Activities (contlnued) Year ended 28 February 2025 2025 2024 2025 2024 Income and endowments Donations and legacles Donations and gifts Lymm Parish Council Lymm Community Energy 2,472 1,050 2,500 3,550 2,472 Charitable activities Rent Luncheon club Contributions 26,236 4,144 18,310 4,340 30,380 22,650 Investment income Bank interest receivable 1,910 1,352 Total income 35,840 26,474 Expenditure Expenditure on ¢haritabl• acttvities Luncheon Club expenditure Rent Rates and water Repairs and maintenance Insurance Legal and professional fees Telephone and internet Depreciation Electricity Gas charges Cleaning Refuse collection Licences Sundry Pest control Health & safety Fire safety 3,866 460 1,058 36,518 2,213 1,328 814 9,568 1,149 5,352 3,014 1,633 427 259 590 594 1,315 70,158 2,136 409 4,226 9,452 1,883 6,338 347 5,688 3,580 7,802 2,160 2,888 393 140 324 247 48.013 Total expenditure Net expenditure 70,158 48,013 (34,318) (21,539) 19
Oughtrington Community Centre Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 28 February 2025 2025 2024 Expenditure on eharftable actlvities Direct charitable activities Activities undertaken dlrnctly Luncheon club expenditure Rent Water rates Repairs & maintenance Insurance Legal and professional fees Telephone and internet Depreciation Electricity Gas charges Cleaning Refuse collection Lin$ Sundry Pest control Health & safety Fire safety 3,866 460 1,058 36,518 2,213 2,136 409 4,226 9,452 1,883 4,058 347 5,688 3,580 7,802 2,160 2,888 393 814 9.568 1,149 5,352 3,014 1,633 427 259 590 594 1,315 140 324 247 68.830 45,733 Governance costs Governance costs - accountancy fees 1,328 2,280 Expendituro on ¢harltable activities 70,158 48,013 20