Company reglstralion number: 05713281 Charity registration number: 1113703 Ockment Centre (A oThpany limited by guarantse) Annual Report and Financial Statements for the Year Ended 31 March 2025 WESTCOTTS CNIJR TERED ACCQUIITAMTS * S1¥*E5 AOV15E5E5
Ockment Centre Contents Reference and Administrativ8 Details Trustees. Report 2to4 Independent Examineffs Report Statement of Financial Activitles Balance Sheet Notes to the Financial Statements 8t016
Ockment Centre Reference and Administrative Details Chainnan Michael Saunby Trustses Tony Leech Chrissie Read Sarah Potterton (Tesigned 31 December 2024) Zoe Bradshaw (resigned 29 July 2024) Sacretsry Donna Middleton Charlty Registration Number 1113703 Company Reg15tratlon Number 05713281 Registered 0ffi¢o Ocknient Centr8 North Street Okehampton Devon EX20 1AR Indepond•nt Examiner WestfJ)tts (SW) LLP Tlmberty South Street Axmlnstar Devon EX13 SAD WestC4)tts Timberly South Street Axminster Devon EX13 SAD A¢¢ountants Page 1
Ockment Centre Trustees. Report The trustees, who are directors for th8 purposes of company law, present the annual report together with the financial statéments of the charitable company for the year ended 31 March 2025. Objectives and activities Objects and alms The charity provides and maintains a community oentre 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 nhabitants. Public benefft The tTUStees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and perfonnance The Ockment Centre has had another busy year. The Work Club continues to be an invaluable service for the local community, and we are very gratefLs1 for the continued support from Okehamptan United Charities. In November we took on the running of the Community Fridge and rescue an averag8 of 1.OOOkgs food a month. Our signposting s8NIc8s are reqUId daily with ever increasing frjotfall into the Centr8. We have a good working relallonshlp with the Citizens Advice {who remain based at the Centre) and a huge varfety of Community Groups who use the Centre. We have a very strong team of slaff and volunteers who work tirelessly for the good of the Centre, our customers. the garden and the local community. Inanclal revlew Total incoming resources during the year were £109,671 (2024". £125,206). A totsl of £24,147 (2024: £34.508) was received in grants and donations. Reserves Policy The trustees are satisfied that the level of reserves, as shown on the balance sheet, 15 adequate to cover known and anticipated costs in the short tem. The trustees aim to hold one months of unrestricted expenditure in reserves which equates to £9.128. The level of unrestricted reserves at 31 March 2025 exceed5 this balance. Structure. governance and management Recruitment and appointment of trustees The recruitment of new trustees is locally oriented and the trustees work togelher to ensure candidates have equal opportunities and the best interests of the charity always remain forefronL Support and training will be given as required. Page 2
Ockment Centre Trustees. Report Organlsational structure 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 a Memorandum of Asso¢iation whi¢h establlshed thé objects and powers of the charitable company and Is govemed under its Articles of Association. In the event of the company being wound up, members are required to contrlbute £1. Th8 charity is a not for profil organisatlon govern8d by a board of trustees. There are a small team of staff and a manager who deal with the day to day management of the charity. Rlsk Management Risks to which the charity is exposed have beèn addressed by a review of the Trustees. Thè financial re¢ords 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. Internal risks are minimised by procedures which require authorisation of all transactions and a system of regular supeTvision and appralsal to ensure consistent qualty of delivery of all operational aspects of the charitable company. Statement of tru$tse$' fesponsibilities The trustees (who are also the directors of Ockment Centre for the purposes of company law) are responsible for preparing the trustees, report and thé financial statements in acrdanCe with applicable law and United Kingdom A¢¢ounting Standards (Unlted Klngdom Generally Accepted Accounting Practice), induding FRS 102 "The Financial R8POrting Standard applicable in the UK and Republlc of Ireland" Company law requires the Iruste8S to pr8pare financlal statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satlsfied that they give a true and fair view of thé slate of affairs of the charitabl8 company and of Ihe incoming resourcés and application of resources, including its income and expenditure, of the charilable Company for that period. In preparing these financial statemenls, the trustees are required to.. select suitable accounting policies and apply them consistently: observ8 the méthods and princlples in the Charities SORP-. make judgements and estimates that are reasonablé and prudent; stste whether applicable accounting standards, comprising FRS 102 have been followed. subject to any material departures dis¢losed and explained in the financial statemenl$- and prepare the financial statèments on the going concem basis unless it Is inapproprlale to presume that the charltsble MpanY will continue in business. The trustees are responsiblé for keéplng proper accountlng records that can dlsclose wlth r6asonabl8 accuracy at any time the financial position of the charitable company and enable them to ensure that the financial stat8menls comply with the Companles Act 2006. They arè also responsible for safeguarding the assets of the Charilable company and hence for taking reasonable steps for the prevention and delection of fraud and other Irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial infomiation included on th8 charitable ¢ompanVs website. Législation goveming the preparation and dissemination of financial statements may differ from legislation In other jurisdictions. Page 3
Ockment Centre Trustses, Report The annual report was approved by the Iruslees of the charity on behalf by.. ..25. and signed on fts Michael Chaimian Page 4
Ockment Centre Independent Examlner's Report to the trustees of Ockment Centré (Ihe Company.) I rèport to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responslbllltles and basls of report As the charity's Irustees of the Company (and also Its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act,). Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Acl and are eligible for independent examination, I report in respect of my examination of your charlty's accounts as carriéd out under séction 145 of the Charities Act 2011 rthè 2011 ACY). In canying out my examination I have followed Ihe Directions given by the Charity Commission under section 145(5}{b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confifm that no matters have come to my attenlion in connection with the examination giving me cause to believe: 1. accounting records wer8 not kept in respect of Ockment Centre as required by sectlon 386 of the 2006 Act; or 2. the accounts do not accord wlth thos8 récords: or 3. the accounts do not comply with the accounting requirements of section 396 of th8 2006 Act olher than any requiremenl Ihat the a¢counls give a 'trué and fair view, which is not a matter considered as part of an independent examination,. or 4. the accounts 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 tharilies prepartng their accounls in accordance wlth the Financial Reporting Stsndard applicabl8 in the UK and Republic of Iroland (FRS 1021]. I have no concems and have come across no other matters in connection with th8 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 rimberty South Street Axminster Devon EX13 SAD Date.. ?slii12S Page 5
Ockment Centre Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2025 Total 2024 Nots Incomo and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 17,164 4,125 79.393 2,006 6,983 24,147 4,125 79,393 2,006 34,508 3,790 85,199 1,709 Totsl income 102,688 6,983 109,671 125.206 Expenditure on: Raising funds Charitable activities 2,793 (112,326) (2.793) (4.9881 (117.314) (101.873) Total expenditure {109.533) (7,7811 {117,314) (101,873) Net (expenditure)lincome {6,845) (798) (7,643) 23,333 Net movement in funds (6.845) (798) (7,643) 23,333 Reconclllallon of funds Total funds brought fopward 152,943 105,590 104,792 258,533 235,200 258,533 Total funds carrled forward 16 146,098 250,890 All of the charity's activities dérive from continuing operations during Ihe above two periods. The fijnds breakdown for 2024 is shown in note 16. The notes on pages 8 to 16 form an integral part of these financial statements. Page 6
Ockment Centre (Registration number: 05713281) Balance Sheet as at 31 March 2025 2025 2024 Note Flxed assets Tangible assels 12 82,056 82,616 Current assats Debtors Cash at bank and in hand 13 6,967 167,992 174,959 9,299 176,560 185,859 Creditors". Amounts falling due within one year Net current assets 14 (6,125) (9,942) 175.917 168,834 Net assets 250.890 258.533 Funds of the charity: Restricted income funds Restricted fund5 104.792 105.590 Unrestrlcted income funds Unre51ricted funds 146.098 152.943 Totsl funds 16 250,890 258,533 For the financlal year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors. r8sponslbilitie5.. The members have not requlred the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and Thè directors acknowledge their responsibilities for complying Wlth th8 rèquirements of the Act with respect to accounttng records and the preparation of accounts. The fina cial statements on pages 6 10 16 were approved by the Iruslees. and authorised for issue on and signed on their behalf by.. Mic Chairman Th8 notes on pages 8 to 16 form an integral part of these financial statem8nts. Pagè 7
Ockment Centre Notes to the Financial Statements for the Year Ended 31 March 2025 1 Charlty status The charity is limited by guarantee, incorporated in and consequently does not have share capital. Each of the trustees is liable lo contribu18 an amount not exceeding £1 towards the assets of the charity in the evant of liquidation. The address of its registered officè is.. Ockment Centre North Street Okehampton Devon EX20 1AR 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial slatemenls are set out below. These policies have been consistently applied lo all the years presented. unless otherwis8 stated. Statement of ¢omplianGe The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recomm8nded Pradice (applicable to Charities preparing their accounts in accordance with the Finanoial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)> (issued in October 2019) - (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Ockment Centre meets the d8finition of a public benefil entity under FRS 102. Assets and liabilities are initialty recognised al historical cost or transaction value unless othemise statèd in the relévant accountlng policy notes. Golng concern The tTUStees consider that there are no material uncertainties about the charitls ability to continue as a going concem nor any significant areas of Unrtainty that affect the carrying value of assets held by the charity. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumption5 that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, includin9 expectations of future events that are believed to be reasonable under normal Circumstan5. Income and endowments All income is recognised once thè charity has entitlement to the incom6, it Is probable that the income will be réceived and the amount of the incom8 recéivable can bè measured reliably. Page 8
Ockment Centre Notes to the Financial Statements for the Year Ended 31 March 2025 Donatlons and legacles Donations are recognised when the charty has been notffjed in writing of both th8 amount and settlement date. In the event that a donation is subject to conditions that require a level of perfomiance by the charity before the charity is entitled to the funds. the Income Is deferred and not re¢ognised until either those conditions are fully met, or the fulfilment of those conditions is wholly wilhin the control of th8 charity and h Is probable Ihat Ihese conditions will bè fulfilled in the reporting period. Grnnts receivable Grants are recognised when the charity has an entitlemenl to the funds and any conditions linked to the grants have béen mét. Whér8 perfomance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance she6t as deferred income to be released. Investment income Dividends are recognised onc8 the dividend has been declared and nolifi¢ation has been rec8iV8d of the divid8nd due. Expenditure All expendilur@ is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be m8asur8d reliably. All costs are allocated to the applicable expenditure headlng 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 depre¢iation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charltable activities Charitable expenditure comprises those costs incurred by the charity in th8 delivery of its activities and services for its b8neficiarl8s. It includes both costs that can be 8llocated direGlly to suth aclivities and those Costs of an indirect nature necessary lo support them. Taxatson The charity is considered to pass the lests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitabl@ company for UK corporation tax purposes. Accordlngly, the charity is potentially èxempt from taxalion in respe of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or S8Ction 256 of the Taxation of Chargeable Gains Act 1992. to thé éxtènt that such income or gains are applied excSusively to charitsble purposes, Tangible fixed assets Individual fixed assets costlng £100.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Page 9
Ockment Centre Notes to the Financial Ststements for the Year Ended 31 March 2025 Depreclatlon and amortisation Dèpréciation is provided on tangible fixed assets so as to wrile off the cost or valuation, less any estimated residual valuè, over their Èxpected usefijl 8conomic lif6 as follows.. Asset class Depreclatlon method and rats No depreciation on freehold buildings has been charged 33.330A, 20% and 100h straight line basis Freehold property Equipment Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignnlcant risk of change in value. Borrowlngs Interest-beating borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost. with the difference betrieen the proceeds. net of transaction costs. and the amount due on r8demption being recognised as tharge to the Statement of Financial Activit185 over the period of the relevant borrowing. Interest expense is recognised on the basis of the effectiv8 Int8r8st method and is included in interest payable and similar charges. BoOWing$ are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least Iwelve months after the reporting date. Fund structure Unrestricted income funds are general fund$ that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which 15 restricted to that area or purpose. Financial instruments Classlficatlon Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Recognition and measurement Basic financial instruments are initially recorded at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a ffinanng 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 amortised cost. Page 10
Ocknient Centre Notes to the Flnanclal Statements for the Year Ended 31 March 2025 3 Income from donation8 and lega¢le$ Unrostrlcted funds Gèneral Restricted funds Total 2025 Totsl 2024 Donations Donations Grants Grants from other charities 10.820 10.820 26.165 13.327 8.343 34.508 17.164 6.983 24,147 4 Income from charilable a¢tivitlo8 Unrestrictsd funds Genoral Total 2025 Total 2024 Other Income 4,125 4,125 S Income from other tradlng activiti•8 Unrestrlctod funds Genernl Total funds Total 2024 Caterlng Rental Income 3.601 75.792 79,393 3.601 75.792 3,861 81,338 85,199 79,393 6 Investment income Unrpstricted funds Gonoral Total 2025 Total 2024 Bank interest recèivable 2,006 2,006 1.709 Page 11
Ockment Centre Notes to the Financial Statements for the Year Ended 31 March 2025 7 Expendlture on Charitsble activitse$ Analysis of centre costs 2025 2024 Staff costs Premises Communications and IT Genefal office Govemance costs Depreciation Work Club costs 75,430 26.629 1.825 4,657 3,225 560 4,988 117.314 75,430 26,629 1,825 4,657 3.225 560 4,988 67,357 19,520 2,222 3.305 4,347 560 4.562 117,314 101,873 8 Net incomingloutgoing resources Net (outgoing)lincoming resources for the year include.. 2025 2024 Depreciation of fixed assets 560 560 9 Trustees remuneratlon and expenses No trustees. nor any persons connecled with Ihem, have received any remuneration from the charity during the year. No trustees have reiVed any reimbursed èxpènses or any other benefits from the charfty during th8 year. 10 Staff costs The aggregate payroll costs were as follows.. 2025 2024 Staff costs during the year were: Wages and salaries Social security Ixsts Pension costs 77,449 767 2.202 69,958 1,961 80,418 71.919 The monthly average number of persons (induding senior management I leadership team) eTnployed by the charity during the year was as follows: 2025 2024 Number of staff Page 12
Ockment Centre Notes to the Flnancial Ststements for the Year Ended 31 March 2025 No employee received emoluments of more than £60.000 during ihe year {2024: Nil). 11 Independent oxamlnorfs remunorallon 2025 2024 Fees payable to the indapènd8nt examiner for.. Independent examination of the financial statements 785 12 Tangible flxed assets Furnire and equipment Land and buildings Total Cost At 1 April 2024 93.715 68,785 162,500 At 31 Marth 2025 93,715 68,785 162.500 Depreciation At 1 April 2024 Charg8 for the year At 31 March 2025 12,934 66,950 560 79,884 560 12,934 67.510 80,4M Not book value At 31 March 2025 80,781 1,275 82,058 At 31 March 2024 80.781 1,835 82,616 13 Debtors 2025 2024 Trade debtors Prepayments 5.805 1.162 8,129 1,170 6,967 9,299 Page 13
Ockment Centre Notes to the Financial Statements for the Year Ended 31 March 2025 14 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other taxation and social security Other creditors Accruals 1.836 2,558 290 1,441 6,125 4,941 3.464 86 1.451 9,942 15 Pension and otherschemes Defined contribution ponsion scheme The charity operates a dafined conlribullon pension scheme. The pension Cost charge for th8 year rèpresents ¢ontributions payable by the charity to the scheme and amounted to £2,202 (2024 £1,961). 16 Funds Balance at 31 March 2025 Balance at I Aprll 2024 Incomlng resources Resources oxponded Unrestrlctsd funds Genernl General Funds 152,943 102,688 (109,533) 146,098 Restrlcted funds Restricted fixed asset fund V18wing plalfom fundraising Work dub and Community Fridge 79.523 18,491 79,523 15,698 (2,793) 7.576 6,983 6,983 (4.988) 7,781 9.571 104,792 105,590 Total funds 258,533 109,671 {117.314) 250.890 Page 14
Ockment Centre Notes to the Financial Statements for the Year Ended 31 March 2025 Balanco at 31 March 2024 Balanco at 1 April 2023 Incoming resource8 Resources expended Unrestrlctsd funds General General Funds 146,416 100,698 (94,171) 152,943 Restricted funds Restricted fixed asset fund Viewing platform fundraising West Devon Borough Councll First aid training Work club and Community Fridge 79,523 5,119 79,523 18,491 16,165 {2,793) (46) (301) 301 3.795 8,343 (4,562) 17,702) 7,576 88.784 24,508 105,590 Totsl funds 235,200 125,206 (101.873) 258,533 United Charities kindly fund the Work Club for the year which enables The O¢kment Centre to continue to support those looking for employment. Our viewing platform fundraising is an ongolng project for the centre gardens. West Devon Borough Council kindly funded Communty First Aid Training and lovely new garden fumiture for our beautiful garden. First ald tralning is funds from WDBC and Okehampton Unlted Charilles towards first aid tralning. refreshments and trainer costs. Page 15
Ockment Centre Notss to the Flnancial Statements for the Y•ar Ended 31 March 2025 17 An11$ of net assets between funds Unrestrlcted fund5 General Total fund8 Restrlcted at 31 March funds 2025 Tanglble fixad assets Current assets Current liabilities 2,533 149,690 16,125 146.098 79.523 25,269 82,056 174.959 16.125 Total net assets 104,792 250,8 Unrestricted funds General Total funds Restrlctsd at 31 March fund$ 2024 Tanglble fixed a&sets Current assets Current liabilities 3,093 159,792 {9,942) 152.943 79,523 26,067 82,616 185,859 (9,942) 258.533 Total net assets 105.590 18 Related party transa¢tion• There were no related paty transactions in the yBar (2024: Nil). Page 16