COMPANY REGISTRATION NUMBER: 05713281 CHARITY REGISTRATION NUMBER: 111m3 Ockment Centre Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 WESTCOThS LLP Chartered accountants Timberly South Street Axminster Devon EX13 SAD
Ockment Centre Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report {incorporating Ihe directorfs report) Independent examinels report to the trustees Staternent of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Ockment Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) Year ended 31 March 2023 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of Ihe charity for the year ended 31 March 2023. Reference and administratlve dotalls Registered ch8rfty name OckmeN Centre Charity reglstrallon number 1113703 Company registratlon number 05713281 Principal office and reglstered North Slre8t office Okehampton Devon EX20 1AR The trustees Michael Saunby Tony Leech Zoe Bradshaw Sarah Potterton Chrissie Read Chairman IApp)inted 8 July 20221 Independenl examinèr Robyn Gifford-England ACA Westcotts {SW} LLP Timbedy South Streel Axminster Devon EX13 SAD Structure, govemance and managernent The organisatDn ss a charitable company limited by guarantee, incorporated on 17 February 2006 and registered as a charrty on 7 April 2CIJ6. The charity was established under a Memorandum ol Association which established the objects and powers of the charitable company and is governed under its Articles of Associalion. In the evenl of the company being wound up, members are required to contrilxjte £1. The chartty is a not lor profil organisation governed by a toard of trustees. The are a small tem of statt and a manager who deal with the day to day management of the charty- The recruilmenl of new trustees is locally orientated and the trustees work togetherto ensure candidates have equal oppK)rtunilies and the best interests ol the charity thays remain forefronl. Support and training will be given as required. Objectives and actlvlties The charity provides and maintains a communty cenlre for Ihe inhabilanls of the parishes of Okehampton and surrounding area, for meetings, lectures and classes, and for other forms of recreation and leisure time occupation, with the object of improving the conditions ol lrfe for the said inhabitants.
Ockment Centre Company Llmited by Guarantee Trustees, Annual Report (Incorporatlng the Directorfs Report) (cortthuodi Year ended 31 March 2023 Achievements and performance It's been a challenging year for the Centre and the Community with rising cosls. We have seen an increase in foottall lo the Community Fridge and the Citizens Advice. The Ockment Centre wrf(h thanks to fuThJs from the Sustainable Communities LoGality Fund provided a warm space through the winler months to help local people with the cost of living crisis. The Od<ment Centre welcomed a new trustee Chrissie Read to the commtttee. Our Work Club continues to be an asset to the Centre helping people obtain employment aThY we are hugely grateful lo United Charities lor funding this. The Haytor building had a new roof installed this year finally making the rwms watertight. We continue lo house and work closely wilh Ihe Cttizens Advice and also welcomed the Community Links lo the centre in July, both organisations are an asset to our Community Centre and helpful for signkK)Sting. Flnanclal revlew Total incoming resources during the year were £98,817 I20. £100.1551- A total of £20,80212022: £48.7731 was received in grants and donations. Reserles policy The Trustees are satistied that the level of reserves, as shown on the balance sheet, is adequate to cover known and anticipated costs in the short lerTll. The Trustees aim to hold one months of unrestricted expenditure in reseNes which equales lo £7,750. The level ol unrestricted reserves at 31 March 2023 exceeds this bdance. Risk management Risks lo which the charity is exposed have been addressed by a review of the Trustees. The financial records of the charity are written up each month and a report of the p)sition to dale reported lo the Board. Each project is closely monitored to assess the progress against budgeted income and costs. Inlemai risks are minimised by procedures which require autlK)risation of 1 transactions and a syslem of regular supeNision and appraisal lo ensure consislent quality of delivery of all operational aspects of the chantable company. Public benelit In planning our activities lor the year we have kept in mind the Charity Commission guidance on public benefit.
Ockment Centre Company Llmiied by Guarantee Trustees, Annual Report {Incorporatlng the Direclor's Report) (¢ontthued) Year ended 31 March 2023 Small company pn)vislons This report has been pr8par8d in awordan¢e with the provisions applicable lo companies entitled to the small companies gxemption. The trustees. annual report was approved on . trustees by: £x3.. and signed on behalf of the board of Michael Saunby Truslee Chairman
Ockmenl Centre Company Limited by Guarantee Independenl Examlner's Report to the Trustees of Ockmenl Cent Year ended 31 March 2023 I report to the trustees on rny examination of the financial statements ol Ockment Centre I'lhe charity'l for the year eTrded 31 March 2023. Responsibilities and basis of report As the trustees of the Company {and afso its directors for the purposes ol company lawl you are responsible for the preparalion of the financial slalements in accordance with Ihe requirements ol the Companies Act 2006 llhe 2006 Act'i. Having satisfied myself that the accounts of the company are nol required to audited under Part 16 ol the 2006 Act and are eligible lor independent examination, I report respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 Ilhe 2011 Act'}. In carrying out my examination I have followed the Direclions given by the Charity Commission urKler section 14515llbl of the 2011 Act. Independent examlner's statement I have compted my examination. I confimi that no matters have come lo my attention in connection with the examination giTra me cause to believe.. accounling records were not kept in respect of the charity as required by section 386 of the 20C6 Act., or the financial statements do not accord with t)se rec(Yds', or the linanciai slatements do not com with the accounting requiremenls of section 396 of the 2006 Act other than any requirement that the accounls give a 'true and fairf view which is not a matter considered as part of an independent examination- or the financial statements have not begn prepared in accordan with the methods and principles of the Slatemenl of Recomwended Practice for accounting and reporting by char(ties applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arKJ Repxjblic of Ireland IFRS 1021. I have no concerns and have come across no olher matters in connection with the examinalmjn lo which attention should be drawn in this report in order lo enable a proper understanding ol the accounts to be reached. byn Gifford-EnglarKI ACA ependent Examiner estcotts ISWI LLP Timberly South Street Axminster Devon EX13 SAD 18 Sepkember 1013
Ockmenl Centre Company Llmited by Guarantee Statement of Financial Activities (including income and expenditu accounl) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted tunds Note Income arKI ondowmonts Donations and legacies Charitable aclivf(ies Other trading activities Investment irrne 10.452 293 74,788 10,350 2,613 20,802 2.906 74,788 321 48,773 1,634 49,748 Totsl Income 85,854 12,963 98,817 100,155 Expenditure Expenditure on charttable aclTVitie5 Total exPdIture 93,003 7,254 100,258 83,037 93.003 7.254 100.258 83,037 (expenditure)lincome net movement in funds {7,1491 5,709 11,4411 17,118 R8conciliation ol funds Total funds brought forward Total funds carried fonvard 153,565 83,075 236,640 219,522 236,640 146,416 88,784 235.200 The statement ol financial atlivities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The nol&s on pages 8 to 18 form part of these financial statement&
Ockment Centre Company Llmited by Guarantee Statement of Flnancial Position 31 March 2023 2023 2022 Note Flxed assets Tangible fixed assets 15 83.176 84,175 Current assets Dgblors Cash at bank and in hand 16 5.602 151,004 6,023 149,768 155,791 156,606 Creditors: amounts Iolllng due wilhin one year Net current 8SSèts 17 4,583 152,023 235,199 235,199 3,326 152,465 Total assets less currenl Ilablllties 236,640 Net assets 236,640 Funds of the charity Flestricled funds Unrestricted funds 88,784 146,416 83,075 153,565 Total charity funds 235,200 236,640 For the year ending 31 March 2023 the charity was enlttled lo exemption from audtt under section 477 of the Companies Act 2006 relating to small companies. Direthors. respjnsibillties: The members have not required the company lo oblain an audit of its financial statements for the year in que$b'on in accordance with section 476- The directors acknowledge their resF)onsibilities for complying wf(h the requirements of the Act with respect lo accounting records and the preparation ol financial statements. These financial statements have been prepared in accordance with the provlsions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. Th8 not•$ on pages 8 to 18 form part of Ihese Ilnancial $talement&
Ocknienl Centre Company Limited by Guarantee Statement of Flnanclal Positlon (conbnued) 31 March 2023 Thes ncial statements were approved by the board of trustees ar authorlsed for Issue on nd are signed on behalf of the board by.. Michael Saunby Trustee Chalmian Tho notes on pges 8 lo 18 fomi part of these flnanclal $latsment&
Ockment Centre Company Limlled by Guaraniee Notes to the Financial Statements Year ended 31 March 2023 General Informatlon The charrty is a Fxjblic benefit enlty and a prwale company limited by guarantee, registered in England and Wales and a registered charty in England and Wales. The address of the regislered olfice is North Street, Okehampton, Devon, EX20 IAR. ststement of compliance These financial stalements have been prepared in c£)mpliance with FRS 102, The Financial Reporting Standard appliCae in the UK and the Republic of Ireland,, the Statement of Recommended Praclice aFplicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 1021) and the Companies Act 2006. Accounting policies Basis ot preparallon The financial statements have been prepared on the historal cost basis. as modrfled by the revaluation of certain financial assets and liabilities and investment propertles measured al fair value through income or expenditure. The financial slalements are prepared in sterling, which is the functional currency of the entty. Golng concem There are no material uncertainties about Ihe charity's abilty to continue. Disclosure exemptions These linancial statements have been prepared in accordance with the provisions applrable to companies entitled to the small companies. exemplK)n. Judgemenls and key sources of egtimation uncertainty The preparation of the financial slalements requires management lo make judgements, estimates and assumptions that affect the amounls reported. These estimates and judgements are conlinually reviewed and are based on experience and other factors, including expectations of future events that are believed lo be reasonable under the circumstances.
Ockment Centre Company Limiled by Guarantee Noies to the Flnanclal Statements fc¢NrlInidj Year ended 31 March 2023 Accounting pollcles (contlnued) Fund accounting Unrestricted funds are available for use at the discretion of the truslees lo further any of the charty's purwses. Designated funds are unr8Stricled funds earrnarked by the trustees for particular luture project or comfflilment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of h¥0 sub-classes.. striCted income funds or endowmenl tunds. Incomlng f8sour¢es All incoming resources are included in the slalement ol financial aclivf(ies when entitlement has passed to the charity., it is probable that the economic benefits associated th the transaction wll flow lo the charity and the amount can be reliably measured. The following specrfic policies are applied to particular calegories of income: income from donations or grants is recognised when there is evidence of 8nif(lemenl to the gift, receipt is prObae and its amount can be Measur reliably. acy income is recognised when receipt is probable and entitlement is established. income from donated goods Is measured at the fair value of the goods unless this is Smpractical io Measure reliably, in which case the value is derived from the cosl to the donor or the eslirnated resale value. Donated facilities and see$ are recognised in the accounts when received if the vue can be reliably measured. No amounts are included for the contritrrtjtion ol general volunleers. income Irom contracts for the supply of seNices Is recognised with the dèlivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requiremenl for il lo be spent on a particular purpose and returned if unspent. in which case r( may be regarded as restricted.
Ockment Centre Company Limited by Guarantee Notes to the Flnanclal Statements (continuodj Year ended 31 March 2023 Accounting policies fcontinu8d) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement ol financial activities to which it relales.. exFtndr(ure on raising funds includes the costs ot all fundraising activities, events, non- charitable trading activities. and the sale of donated goods. expenditure on CharItae activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the beneftt of its beneficiaries, including those support costs and cosls relating to the governance of the charity apportioned 10 charitable activities. other expenditure includes all expenditure thal is nelrher related to raisiTVJ funts for the charity nor part of ils expeNliture on charf(able aclivilies. All costs are allocated to expenditure categories reflecting the use ol the resource. Direcl costs attributable lo a single activity are allocated directly lo that aclivily. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consislenl basis. Tangible assets Tangible ass8ts are initially recorded al cost, and subsequently staled al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation bss any subsequent accumulated depreclation and subsequent accumulated impaimient losses. An increase in the carrying amount of an assel as a resutt of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge tor impairment that has previously been recognised as expenditure wf(hin the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is reeognised in other recognised gains and losses, except to which il offsets any previous revalualion gain, in which case Ihe loss is shown within other rewgnised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful eCormi¢ lrfe ol that asset as follows: Freehold property Equipment No depreciation on freehold buildings has been charged 33.33Q/.. 200/0 and 10 lo ori straight line basis 10
Ockment Centre Company Limited by Guarantee Notes to Ihe Financial Statements (eonllnuedj Year ended 31 March 2023 Accounting polides (continued) Government grant$ Government grants are recognised at the fair value of the asset received or recewable. Grants are not recognised until there is reasonable assurance Ihal the charity will comply with the conditions allachiThJ to them and the grants will be r1ved. Where the grant does not impose specified future performance-related conditions on the recipienl. il is recognised in income when ihe grant proceeds are received or receivable. Where the grant does impose specified future performance-related coThJilions on the recipient, (( is recognlsed in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria. they are recognised as a liability. Financial instrumonts A financial asset or a tinancial liabilty is recognised only when the enlity becomes a party to the contractual provisions of the instrument. Basic tinancial instruments ale initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangemenl constitutes a financing Iransaction, where it is recognised al the present value of the future payments di$Unted at a marf(et rate of interesl for a similar debt instrument. Current assets and current liabiif(ies are subsequently measured al the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Dalined contributlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related seNice is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future paymenls or a cash retund. When contributions are not expected to be settled wholly wtthin 12 months of the end of the reporting dale in which the employees render the related service, the liability is rneasured on a d¢scounted present value basis. The unwinding ol the discount is recognised as an expense in the period in which h arises. Limited by guarantee Ockment Cenlre is a company limited by guarantee aThJ aecordingty does not have a share capital. Every member of Ihe Company undertakes to contribute such amount as may be required not exceeding £110 Ihe assets of the charitable company in the event of ils being wound up while he or she is a member, or within one year after he or she ceases to be a member. 11
Ockmeni Centre Company Llmlted by Guarantee Noies to the Financial Statements ¢ttU) Year ended 31 March 2023 Donalions and legacies Unrestricled Funds Restricted Total Funds Funds 2023 Donations Donations 10,452 10,452 Grants Okehampton Town Council Okehamplon United Charities Wesl Devon Borough Council Government grant income 8.920 1.430 8.920 1.430 10,452 10,350 20.802 Unrestricted Funds Restricted Total Funds Funds 2022 Donations Donations 12,770 1,OCQ 13,770 Grants Okehampton Town Council Okehamplon United Charities Wesl Devon 8orough Council Government grant income 5,OC(I 7,701 4.466 7,701 4,466 17.836 17,836 30,606 18.167 48,773 Charitable activities Unrestricted FurKIs Restricted Tolal Funds Funds 2023 Other income 293 2,613 Unrestricted Funds Restricted Total Funds Funds 2022 Other incorne 1.634 12
Ockrnent Centre Company Limited by Guarantee Noles to the Financial Stalements (eontffnuod) Year ended 31 March 2023 Other trading actlvltles unrestrted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Cateriro Rental income 4,661 70,127 74,788 4,661 70,127 74,788 2,215 47,533 49,748 2,215 47,533 49,748 Investment income Unreslricted Total Funds Unresliicted Total Funds Funds 2023 Funds 2022 Bank interest receivable 321 321 9. Expenditure on charitable activities by activity type Activities undertaken directly Supwrt costs Total funds 2023 Total fund 2022 Centre running costs Govemance costs 96,516 96,516 3,742 81,622 1.415 3.742 96,516 3,742 100,258 83.037 10. Analysis of support costs Analysls of centre costs Tolal 2023 Tolal 2022 Staff costs Premises CommunlcalSons and IT General office Governance costs Depreciation Work Club costs 59,310 25,049 1,897 4,991 3,742 999 4,270 59,310 25,049 1,897 4,991 3,742 999 4,270 54,653 17,727 1.984 2,096 1,417 1.000 4,160 100.258 100.258 83,037 11. Net (expenditure)Ilncome Net {extxThJilurellincome is stated after chargingllcredttingl.. 2023 2022 Depreciation of tanglble flxed assets 999 1,000 13
Ockment Centre Company Llmlted by Guarantee Notes to the Financial Statements (Ctsnlinued) Year ended 31 March 2023 1Z Independenl examlnatlon 18es 2023 2022 Fees payable to the independent examiner for= Independent examination ol the financial statements Tax advisory seNices 730 1,500 2.230 680 680 13. Staff costs The to1 slaff costs and employee benelils for the reporting perlod are analysed as follows: %)23 2022 Wages and salaries Social security costs Employer contributions to pension plans 62,348 56.708 1.080 1,025 58,813 1,232 63,580 The average head count of employees during the year was 6 {2022'. 6)- The average number of full-lime equwalent employees duriro the year is analysed as follows: 2023 No. 2022 No. Number of slaff No employee received employee benefits of more than £60,000 during the year12022: Nil}. 14. Trustee rernunerntlon and expenses No remuneration or other benefits from employment with the charity or a related entiiy were received by the trustees. 14
Ockment Centre Company Llmlted by Guarantee Notes to the Flnanclal Staiements (¢onilnu8d) Year ended 31 March 2023 15. T8nglble flxed assets Freehold property Equipment Total Cost At 1 April 2022 arKI 31 March 2023 Depreclatlon At 1 April 2022 Charge for Ihe year Al 31 March 2023 93,715 68.785 162,500 12,934 65,391 999 78,325 999 12,934 66.390 79,324 Carrylng amount Al 31 March 2023 80,781 2.395 83,176 At 31 March 2022 80,781 3,394 84,175 16. Deblors 2023 2022 Trade debtors Prepayments and arUe income 4,753 5,453 570 5,602 6,023 17. Credltors: amounls falllng duo wlthin one yèar 2023 2022 Trade creditors A¢cruals and deferred income Social secuiity and other taxgs Other creditors 903 1,247 1,925 508 1,202 1,150 870 104 4,583 3,326 1& Penslons and other posl retlroment benefits Defined conlrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,23212022: £1,025). 15
Ockment Centre Company Limiied by Guarantee Notes io the Financial Statemenls (eonrtthueé) Year ended 31 March 2023 19. Government grants The amounts recc*Jnised in the financial slalements for government grants are as follows.- 2023 2022 Recognised in income from donations and legacies." Govemment grants income 17,836 20. Analysis of charitable funds Unrestricted funds Ai 31 March 202 At 1 April 2022 Income Expendf(ure General fund5 153.565 85,854 193.0031 146,416 At 31 March 202 At 1 April 2021 Income Expenditure General furKIs 136,614 81.988 {65,03n 153,565 16
Ockment Centre Company Llmiied by Guarantee Notes to Ihe Financlal Slalements {¢ontthued) Year ended 31 March 2023 20. Analysis of charltable funds (c*•ntlftued) ResIr1ed funds At 31 March 202 At 1 April 2022 Income Exp8ndilure Restricted fixed asset fund Viewing ptatfomi fundraising West Devon Borough Council Roof repairs - Arnold Clark First aid training Work club WDBC CommLtnity Localty Fund 79,523 2,506 46 1,000 79,523 5,119 2,613 11,0001 17801 14,2701 11,2041 17,2541 1,081 8,065 1,204 301 3.795 83,075 12,963 88.784 Al 31 March 202 At l April 2021 Income Expenditure Reslricted fixed asset fund Okehampton Town Council Okehampton Hamlets Work club fund Viewing platform fundraising West Devon Borough Council Roof repairs - Arnold Clart( 79,523 79,523 5,000 7,701 {s,000) {8,580) 879 2,506 2,506 46 1,000 4,466 1,000 {4,4201 82.908 18,167 118,0001 83,075 United Charities kindly fund the Wort Club for the year whlch enables The Ockment Centre to continue to support those looking for employment. Our vlewlng plalfom fundraising is an ongoing project which will hopefully start soon. West Devon Borough Council kindly funded Communty First Aid Trainir¥J and lovely new garden furntture for our beautiful garden. Arnold Clark gave a donation whh is lo be carried over towards our Haytor roof repairs this summer First aid Iraining is funds trom WDBC and Okehampton United Charities towards lirsl aid trainirvJ. freshmenls and trainer wsls. WDBC Community Localty fund is covering costs of warrn space throughout the winter months. 17
Ockment Centre Company Limited by Guaraniee Notes to the Financlal Statements (eontbw•d) Year ended 31 March 2023 21. Analysis of not assets between lunds unles1r8d Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 3.653 147,346 {4,5831 146,416 79.523 9,261 83,176 156,607 14,5831 235,200 88.784 Unrestricted Funds Flestricted Total Funds Funds 2022 Tangible flxed assets Current assets Creditors less than 1 year N81 assets 4,651 152,240 13,3261 153,565 79,524 3,551 84,175 155,791 13,3261 236,640 83,075 21 Related parties There were related party transactions during the year {2022: none). 18