Company ragistration number. 05713281
Charity registration number.. 1113703
Ockment Centre
(A company Ilmited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2024
WESTCOTTS
CHAPTERED ACCOUIITANTS
& •V$INFSS ADVISERS

Ockment Centra
Contents
Reference and Administrative Details
Trustees, Report
2to4
Independent Examinerfs Report
statement of Financial Activities
Balan￿ Sheet
Notes to the Finana81 Statements
8t018

Ockment Centre
Reference and Admlnistratlve Details
Chairman
Michael Saunby
Tony Leech
Chrissie Read
Sarah Potterton
Zoe Bradshaw (resigned 29 July 21Y24)
Secretary
Donna Middleton
Charity Registratlon Number
1113703
Company Reglstration Number 05713281
Registered Office
Ockment Centre
North Street
Okehampton
Devon
EX20 1AR
Independent Examlnor
Westcotts (SW) LLP
Timbety
South Street
Axminster
Devon
EX13 SAD
Westcotts
Timberfy
South Street
Axninster
Devon
EX13 SAD
Accountants
Page 1

Ockment Centre
Trustses, Report
The trustees, who are directors for the purposes of company law, present the annual report together
with the financial statements of the charitable company for the year ended 31 March 2024.
Objectlves and activities
Objects and aims
The charity provides and maintains 8 communty centre for the inhabitants of the parishes of
Okehampton and surrounding area, for meetings, lectures and classes, and for other forms or
recreation and leisure time occupation, with the object of improving the conditions of life for the said
inhabitants.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act
2011 to have du8 regard to the public benefit guidance published by the Charity Commission for
England and Wales.
Achievemonts and performance
The Ockment Cenlre has seen a year of steady bookings with some taking up our refreshment and
lunch options which optimises the booking. Our signposting serVi￿S are well used with increased
footfall into the Centre this year.
We have a go¢xl working relationship with the Citizens Advice and Community Links who remain
based at the Centre and are huge ass8ts to the Community.
The Work Club still remains an invaluable service for the local communty and we are very grateful for
the continued support from Okehampton United Charities.
Our fundraising has been going well and we are in the pro￿$$ of a looking at a planning application
to replace our viewing platfoms in our garden.
We would to thank the Okehampton Rivers Improvement Group for having some of the riverbank
cleared which has greatly improved the view.
The Community Fridge is still based at the ￿ntre and has re distributed food from all the Iccal
supermarkets. Cornwall Gleaning and Exeter Food Action which would otherwise had gone to landfill
or be ploughed back into the ground.
We have a very strong team of stsff and volunteer5 who work tirelessly for the good of the Centre. our
customers, the garden and the local community.
Financial review
Totsl incoming resources during the year were £125,206 {2023: £98.817). A total of £34,508 (2023:
£20,802) was received in grants and donations.
Reserves Pollcy
The trustees are satisfied that the level of reserves, as shown on the balance sheet, is adequate to
cover known and anticipated costs in the short term. The trustees aim to hold one months of
unrestricted expenditure in resetves which equates to £7,848. The level of unrestricted reserves at 31
March 2024 exceeds this balance.
Page 2

Ockment Centre
Trustees, Report
Structurei governance and management
Recruitment and appointment of trustees
The recruitment of new trustees is locally oriented and the trustees work together to ensure
candidates have equal opportunities and the best interests of the charity a￿ayS remain forefront.
Support and training will be given as required.
Oryanisational structura
The organisation is a charitable company limited by guarantee, incorporated in 17 February 2006 and
registered as a charity on 7 April 2006. The charity was established under s Memorandum of
Association which established the objects and powers of the charitable cornpany and is govemed
under its Articles of Association. In the event of the company being wound up, members are required
to contribute £1.
The charity is a not for profit organisation governed by a board of truste8s. There are a small team of
staff and a managerwho deal with the day to day msnagemenl of the charity.
Rwsk Management
Risks to 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 position to date reported to the
Board. Each project is closely monitored to assess the progress against budgeted income and costs.
Intemal risks are minimised by procedures which require authorisation of all transactions and a
system of regular supervision and appraisal to ensure consistent quality of delivery of all operational
aspects of the charitable company.
ststement of tru8tees' responsibllltles
The trustees (who are also the directors of Ockment Centre for the purp088s of company law) are
responsible for preparing the trustees. report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice), including FRS 102 'The Financial Reporting Standard sppli￿ble in the UK and
Republic of Ireland The report and accounts have been prepared in accordance with the provisions
in the Companies Act 2008 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under
company law the trustees must not 8pprove the financial statements unless they are satisfied that
they give 8 true and fair view of the stste of affairs of the charitable company 2nd of the incoming
resources and application of resources, including Its income 8nd exp8nditure, of the charitable
company for that period. In prepanng these financial statements, the trustees are required to".
seleci suitable accounting policies and apply them consistently,-
observe the methods and principles in the Charities SORP.,
m8ke judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards, comprising FRS 102 have been followed, subject
to any material departures disclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
Page 3

Ockment Centre
Trustees. Report
The trustees are responsible for keeping proper accounting records that can disclose with reasonable
accuracy at any time the financial positson of the ch8ritsble company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonabl8 steps for the
prevention and detection of fraud and other irregularities.
The trustees are responsible for the Maintenan￿ and integrity of the corporate and financial
information included on the charitable company's website. Legislation governing the preparation and
dissemination of financial statements may differ from legislation in other jurssdictions.
Small companies provision statement
This report has been prepared in acGordance with the small companies regime under the Companies
Act 2006.
The annual report was approved by the trustee5 of the charity on
behalf by..
nd signed on its
Michael Saunby
Ch8irman
Page 4

Ockment Centre
Independent Examinerfs Report to the trustees of Ockment Centre {'the
Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 March 2024.
Responslbllftles and basls of report
As the charity's trustees of the Comp8ny (and 81s0 its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance wilh the requirement8 of th6
Companies Act 2006 ('the 2008 Ad).
Having satisfied myself that the accounts of the Company are not required to be aLSdited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination
of your charity's accounts as carried OLrt under section 145 of th8 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 examiner's statement
I have completed my examination. I confimi that no matters have come to my attention in connection
with the examination giving me cause to believe..
1. accounting records were not kept in resp8Ct of Ockment Centre as required by section 386 of the
2006 Act; or
2. the accounts do not accord with those records. or
3. the accounts 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
nsidered as part of an independent examination., or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statem8nt of ReMmmended Practice for accounting and reporting by charities lapplic8bl& to
charities preparing their accounts in accordance with the Financial Reporting Standard
8pplicable 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 understsnding of the
accounts to be reached.
Robyn Gifford-England ACA
Westcotts {SW) LLP
rimberly
South Street
Axminster
Devon
EX13 SAD
21.10.1
Page 5

Ockment Centre
Statement of Financial Actfvities for the Year Ended 31 March 2024
(Including Income and Expendlture Account and Ststement of Totsl
Recognised Gains and Losses)
Unrestricted
funds
Restricted
funds
Totsl
2024
Total
2023
Note
Income and Endowments from:
Donations and legaaes
Charitable activities
Other trading activities
Investment income
10,000
3.790
85,199
1,709
24,508
34,508
3,790
85,199
1,709
20,802
2,906
74.788
321
Total income
100,698
24,508
125.206
98,817
Expenditure on:
Charitable activities
(94,171)
17.702)
101,873)
{100,25n
(100.257)
(1,440)
Total expenditure
194,171)
(7,702)
16,806
(101,873
Net incomel(expenditure)
Net movement in funds
6,527
23.333
6,527
16,806
23,333
(1.440)
Reconciliation of funds
Total funds brought forward
Total funds carried forward 16
146,416
88,784
235,200
236,640
152,943
105,590
258,533
235,200
All of the chaTity'8 activities derive from continuing operations during the above periods.
The funds breakdown for 2023 is shown in note 16.
The notes on pages 8 to 16 fomi an integral part of these financial statements.
Page 6

Ockment Centre
(Registration number: 05713281)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
12
82,616
83,176
13
9,299
176,560
5,602
151,005
185,859
156,607
Creditors: Amounts falling due within one year
Net current assets
14
{9,942)
{4,583)
175,917
152,024
Net assets
258,533
235,200
Funds of the charlty:
Restricted Income funds
Restricted funds
105,590
88,784
Unrestricted Income funds
Unrestricted funds
152,943
258,533
148,416
235,200
Total funds
16
For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Directors. responsibilities-
The members have not reqUI￿d the charity to obtain an audit of its accounts for the year in
question in accordance with section 476,. and
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to
companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The fina
cial statements on pages 6 to 16 were approved by the twstees, anil authorised for issue on
* nd signed on their behalf by..
Chaimian
The notes on pages 8 to 16 fomi an integral part of these financial statements.
Page 7

Ockment Centre
Notes to the Flnancial Statements for the Year Ended 31 March 2024
1 Charity Status
The charity is limited by guarant&, incorporated in , and consequently does not have share capital.
Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the
charty in the event of liquidation.
The add￿$ of its registered office is:
Ockment Centre
North Street
Okehampton
Devon
EX20 1AR
2 Accounting policies
Summary of significant accountlng policies and key accounting estlmates
The principal accounting policies applied in the preparation of these financial statements are set out
below. These policies have been Consistently applied to all the years presented, unless otherwise
stated.
Statement of compliance
The financi81 statem8nts have been prepared in accordance with Accounting and Reporting by
Charities.- Ststement of Recommended Practice (applicable to charities preparing their 8ccounts in
accordance with the Financi21 Reporting Standard applicable in the UK end Republic of Ireland (FRS
102)) (issued in October 2019} - (Charities SORP (FRS 102)), the Financial Reporting Standard
applicable in the UK and R8public of Ireland (FRS 102) and tha Companles Act 2006.
Basis of preparatlon
Ockment Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initialty recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy notes.
Golng concern
The trustees Consider that there are no material uncertainties about the charivs ability to continue as
a going concern nor any significant areas of Un￿rtaInty that affect the carrying value of assets held by
the charity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements require5 management to make judgements. estimates and
assumptions that affect the amounts reported. These estimates and judgements are continually
reviewed and are based on experience and other factors. including expectations of fLrture events that
are believed to be reasonable under normal circumstsnces.
Income and endowments
Ail income is recognised once the charity has entitlement to the income, it is probable th8t the income
w¢ll be received and the amount of the income receivable can be measured reliably.
Page 8

Ockment Centre
Notes to the Financlal Ststements for the Year Ended 31 March 2024
Donafjons and legacles
Donations are recognised when the charity has been notif18d in writing of both the amount and
settlement date. In the event that a donation is subject to conditions that require a level of
perf0mlan￿ by the charrty before the charity is entitled to the funds, the income is deferred and not
recognised until either those conditions are fully met. or the fulfilment of those conditions is wholly
within the control of the charity and it is probable that these conditions will be fulfilled in the reporting
period.
Grants ￿CeiVable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to
the grants have been met. Where performance conditions are attached to the grant and are yet to be
met, the income is recognised as a liability and included on the balance sheet as deferred income to
be released.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of
the dividend due.
Expenditure
All expenditure is recognised once ther8 is a legal or constructive obligation to that expenditure, it is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis consistent with the
use of resources, with central staff costs allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use. Other support costs are allocated based on the
spread of stsff costs.
Charftsble activitles
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such activities
and those costs of an indirect nature necessary to support them.
Taxation
The charTly is considered to pass the tests set OLrt in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are
applied exclusively to charitable purposes.
Tangible r￿ed assets
Individual r￿ed assets costing £100.00 or more are initially recorded at cost, less any subsequent
accumulated depreciation 8nd subsequent accumulated impaimient10&8es.
Page 9

Ocknient Centre
Notss to the Financlal Ststements forthe Year Ended 31 March 2024
Depreciatlon and amortlsation
Depreciation 15 provided on tangible ftxed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected usefid ￿on￿liC life as follows..
Depreciation method and rate
No depreciation on freehold buildings
has been charged
33.330k, 200A and 10'h straight line
basis
Asset class
Freehold property
Equipment
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits. and other short-tenn highly
IiquHJ investments that are readily Gonvertible to a known amount of cash and are subject to an
insb3nificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest-bearing borrowings ar8 subsequently carried at amortised cost, with the difference between
the proceeds, net of transaction costs, and the amount due on redemption being recognised as a
charge to the Stat8ment of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method end is included in interest
payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an uncondrtional right to defer
settlement of the liability for at least ￿e1ve months 8fter the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in
fvrtherance of th8 objectives of the charty.
Restricted income funds are those donated for use in a particular area or for specific purposes, the
use of which is restricted to that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a paty to the
contractual provisions of the instrument.
Recognitlon and measurement
Basic financial instruments are initially recorded at the amount recetvable or payable including any
related transaction costs, unless the arrangement Gonstitutes a financing transaction, where it is
recognised at the present value of future payments discounted at a market rate of interest for a similar
debt instrument. Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted. Debt instruments are subsequently
measured at amcrtised cost.
Page 10

Ockment Centre
Notes to the Financlal Statements for the Year Ended 31 March 2024
3 Income from donations and legacies
Unrestricted
funds
General
Restricted
funds
Total
2024
Total
2023
Donations
Donations
Grants
Okehampton United Charities
West Devon Borough Council
10,000
16,165
26,165
10.452
8,343
8,343
8,920
1.430
20,802
10,000
24,508
34,508
4 Income from charitable activities
Unrestrlded
funds
General
Total
2024
Total
2023
Other income
3.790
3,790
2,906
5 Income from other trading actlvlties
Unrestricted
funds
General
Total
funds
Total
2023
Catering
Rental income
3,861
81,338
3,861
81,338
85,199
4,661
70,127
74,788
85,199
6 Investment income
UnrestrTCted
funds
General
Total
2024
Total
2023
Bank interest receivable
1,709
1,709
321
Page11

Ockment Centre
Notes to the Financial Ststements for the Year Ended 31 March 2024
7 Expenditure on charitsble activities
Analysls of
centr8 costs
2024
2023
Staff costs
Premises
Communications and IT
General office
Govemance costs
Depreci8tion
Worf( Club costs
67,357
19,520
2.222
3,305
4,347
560
4,562
101,873
67,357
19,520
2,222
3,305
4,347
560
4,562
101,873
59,310
25,049
1,897
4.990
3,742
999
4,270
100,257
8 Net Incomingloutgoing resources
Net incomingl{outgoing) resources for the year include..
2024
2023
Depreciation of fixed assets
560
999
9 Trustees ￿muneratIon and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity
during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the
10 Stsff costs
The aggregate payroll costs were as follows..
2024
2023
Staff costs durlng the year were:
Wages and salaries
Pension costs
69,958
1,961
62,348
1,232
71,919
63,580
The monthly averaga number of persons {in¢luding senior management I leadership team) employed
by the charity during the year was as follows..
2024
2023
No
Number of staff
Page 12

Ockment Centre
Notes to the Financial Statemants for the Year Ended 31 March 2024
No employee received emoluments of more than £60,000 during the year {2023: Nil).
11 Independent examlnets remuneratlon
2024
2023
Fees payable to the independent examiner for:
Independent examination af the financial statements
T8x advisory servic88
785
730
1,500
785
2,230
12 Tangiblo fixed assets
Furniture
and
equlpment
Land and
bulldlngs
Total
Cost
At 1 April 2023
At 31 March 2024
93,715
68,785
162,500
93.715
68,785
162,500
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
12,934
66,390
560
79,324
560
12,934
66,950
79,884
Net book value
At 31 March 2024
80,781
1,835
82,616
At 31 March 2023
80,781
2,395
83,176
13 Debtors
2024
2023
Trade debtors
Prepayments
8,129
1,170
9,299
4,753
5,602
Page 13

Ockment Centre
Notes to the Financial Statements for the Year Ended 31 March 2024
4 Croditors: amounts falllng duè wlthln one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals
4,941
3,464
86
1,451
9,942
903
1,925
508
1,247
4,583
15 Pension and other schemes
Deflned contribution penslon scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year
represents contributions payable by the Charity to the scheme and amounted to £1.961 (2023
£1.232).
16 Funds
Balance at
31 March
2024
Balance at 1
April 2023
Incomlng
resources
Resources
expended
Unrestrlcted funds
General
General Funds
146,418
100.698
{94,171)
152,943
Rèstricted funds
Restricted fixed asset fund
Viewing platfomi fundraising
West Devon Borough Council
First aid training
Work club
79,523
5.119
79,523
18,491
18,165
(2,793)
(46)
(301)
(4,562)
{7,702)
301
3,795
88,784
8,343
24,508
7,576
105,590
Total funds
235,200
125,206
101,873
258,533
Page 14

Ockment Centre
Notss to the Financial Statements for the Year Ended 3q March 2024
Balance at
31 March
2023
Balance at I
April 2022
Incoming
resources
Resources
expended
Unrestricted funds
General
General Funds
153,565
85,854
(93,003)
146,416
Restrfcted funds
Restricted fixed asset fund
Wiewing plattorm fundraising
West Devon Borough Council
Roof repairs - Amokl Clark
First aid training
Work club
WDBC Communty Localty
Fund
79.523
79,523
5,119
46
1613
1,000
{1,000)
(780)
(4,270)
1.081
8,065
301
3,795
1,204
12,963
(1,204
(7,254
83,075
88,784
Totsl funds
236,640
98.817
(100,257)
235.200
United Charities kindly fund the Work Club year whtch enables The Ockment Centre to
continue to support those looklng for employme
Our viewing pl8ffomi fundraising is an ongoing pr(iect which wlll hopefully start soon.
West Devon Borough Council kindly funded Cm)Mmity First Aid Training and Iov8ly new garden
furniture for our beautiful garden.
First aid training is funds from WDBC and 0keh￿￿On Untted Charities towards first aid training.
refr8shments and trdiner costs.
Page 15

Ockment Centre
Notes to the Financial Statements for the Year Ended 31 March 2024
17 Analysls of net ass•ts between funds
Unrestricted
funds
General
Total funds
at 31 March
2024
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
3.093
159.792
19.942)
79,523
26,067
82.616
185.859
(9,942
Total net assets
152,943
105.590
258,533
Unrestricted
funds
General
Total funds
at 31 March
2023
Restrictsd
funds
Tangible ftxed assets
Current assets
Current liabilities
3.653
147.346
(4,583)
148.416
79,523
9,261
83.178
156,607
(4,583)
235,200
Total net assets
88,784
18 Related party transactions
There were no relat8d paty tr£nsactions in the year (2023.. Nil).
Page 16