Charity Registration No. 1115477 Company Number. 04718886 (England and Wales) ST. MARY'S CHEQUERFIELD COMMUNITY PROJECT LIMITED REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2024
ST. MARY'S CHEQUERFIELD COMMUNITY PROJECT LIMrrED TRUSTEES. REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2024 CONTENTS Page Legal and Administrative Information Trustees, Report 4-10 Independent Examiner's Report Statement of Flnancial Activities 12 Balance Sheet 13 Notes to the Financial Statemenls 14-21 IPage
ST. MARY'S CHEQUERFIELD COMMUNITY PROJECT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2024 Full name: ST. MAR Y'S CHEQUERFIELD commuNy PROJECT LIMrrED Registered Charlty Number: 1115477 Reglstered Company Number: 04718886 (England & Wales) Reglstered Ottice & Princlpal Address: The Circle Chequerfield Pontefract West Yorkshire WF8 2AY Trustoes & Dlrectors.. Harold Kebir Berry M B E (Deceased August 2023) Chris Bingharn Julie Carritt Patricia Hollies David Jones Reverend Canon June Lawson (Resigned July 2023) Michael Skidrnore Sarah Smith-Evans Geoffrey Walsh Denise Pallett {Appointed October 20231 Father lan Bullock (Appointed March 2024) Chalrperson: Harold Kebir Berry M B E (Until August 2023) David Jones (from October 2023) Bankers: Virgin Money 81 Carlton Street Castleford WF10 1BW Independent Examiner: Stephanie Tolson Community Accountant BCVS Services Limited 23 Queens Road Barnsley S71 1AN |Page
ST. MARY'S CHEQUERFIELD COMMUNITY PROJECT LIMITED TRUSTEES, REPORT YEAR ENDED 31 MARCH 2024 The trustees, who are also the directors of the charitable company for the purposes of company law, present their report and accounts for the year ending 31 March 2024. Structure. governance and management St. Mary's Chequerfield Community Project Limited is a registered charity with the Charity Commission and a company lirnited by guarantee, governed by its Memorandum and Articles of Association, dated April 2003, most recently amended June 2006. The Gompany has no share capital and the liability of each member in the event of winding-up is limited to a sum not exceeding £1 . The affairs of the charity are managed on a day to day basis by the trustees who may exercise all the powers of the charity. Appointment of trustees Trustees are appointed at the Annual General Meeting. The trustees who served during the period, to the date of the signing of these accounts, are listed on page 3 of this report. Trustee tralnlng & Induction Trustees are recruited from a variety of sectors within our community. They are given a full history of the charitable company and its activities on application and invited to bi-monthly meetings where they are kept updated on all activities, financial and operational. Risk management The trustees have a duty to identify and review the risk to which the charity is exposed and to 8nsure appropriate controls are in place to provide r8asonable assurance against fraud and error. Financially our main aim is to ensure an income which will fully cover the day-to-day running costs ol the Project and ideally some surplus to cover one-off and unforeseeable expenditure other than those designated. We feel that, given the uncertainties which surround many aspects of people's lives, we remain optimistic about our position. Our building is still relatively new and has been subject to some changes which we feel have enhanced the space available for use by organisations who have an interest and a commitment to providing services to the residents of Chequerfield and the surrounding area. The changes to the building have been well received and have enhanced our income and range of facilities for the community to access. As part of drawing up our 5 year Strategy Map 2021-2025, we were very mindful of both our on- going targets and potential risks to achieving those targets. Risks are regularly reviewed and all significant actions are aqreed at our monthly board meetings. Charitable aims and objectives The objects of the charity are to promote for the benefit of the inhabitants of Chequerfield and the surrounding area, the provision of a community centre for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, or for the public at large in the interest of social welfare and with the object of improving the condition of life of the said inhabitants.
ST. MARY'S CHEQUERFIELD COMMUNrrY PROJECT LIMITED TRUSTEES, REPORT contlnued YEAR ENDED 31 MARCH 2024 Public Benefii statement In shaping the objectives for the year the trustees have paid due regard to the public benefit guidance published by the Charity Commission. The section below, Development, Activities and Achievements, sets out in detail how the charity has met the public benefit requirement. Principal activity The principal activity continues to be that of providing community-based facilities for all ages to support social activities, health and well-being and employability, incorporating a full range of Adult Education courses including IT, Maths, English, Employability. Bookkeeping, Accounts and ESOL (English for Speakers of Other Languages), Teaching Assistant, craft and exercise sessions etc. Following on from our emergency response to the pandemic, we continue to operate as a Help at the Hub venue, providing community support, as detailed throughout this report. W8 work closely viith Nova Wakefield District as the local infrastructure charity supporting Voluntary, Community and Social Enterprise (VCSE) organisations working in Wakefield District. We are a Tier 1 member of the Third Sector Framework, which aims to achieve balanced distribution of funding across the district. St Mary's is a member of Nova's Comrnunity Anchor Network which are trusted organisations that meet the need ol their local community, working for local residents and particularly those affected by health inequalities. Our staff are highly experienced and well qualified and continue to attend relevant training and developm8nt courses, including First Aid at Work, Food Hygiene, Saf8guarding, Trauma Informed Training and Suicide Awareness. Development, Actlvltles and Achlevements a) Ponlefract Communily Hub - Supporting Residents post Covld St Mary's remained operational and open wherever possible, in line with Government guidance, all through the pandemic. As a response to the Covid-19 crisis and in conjunction with various partners, we formed Pontefract Community Hub. As one of nine Hubs in the Wakefield area, we continue to work in association with Nova Wakefield and Wakefield Council to provide services to help our community deal with the long-term impact of covid and the cost of living crisis on jobs, money and wellbeing. b) Help al the Hub Supported by Wakefield Council, The Help at the Hub service is free to access for residents in the Wakefield district and we work with customers to signpost to a range of organisations offering help and support from our Community Centre, including Citizens Advice, Department of Work and Pensions, Step Up work and skills service, Turning Point and Leeds Credit Union. The drop-in sessions, held weekly, include a social justice advisor and disability employment advisor from the Department of Work and Pensions, and a representative from a local solicitor, giving free advice on family matters. We support residents to access council issued shopping vouchers and associated IT access. Advice Roadshows and drop in sessions are offered, giving help and advice to the public with education, housing, employment, benefits and health.
ST. MARY'S CHEQUERFIELD COMMUNITY PROJECT LIMITED TRUSTEES, REPORT continued YEAR ENDED 31 MARCH 2024 c) Communlty Support We are a trusted referrer to Wakefield Council's Household Support Fund and Trussell Trust Foodbank. St Mary's is a Hate Crime reporting centre. Neighbourhood Police PACT meelings are held six-weekly on evenings to give all members of our community a chance to attend. We foster a good relationship with our community police and hold drop ins, offering a hot drink and a chat with an off icer on a regular basis, We have supported the comniunity further by working with many organisations, some long-term, existing partners and some new. All are welcomed into our centre and given every support to provide their much-needed public services, for example domestic abuse interventions and safeguarding training sessions. We registered as a Warm Space, in recognition of the cost of living crisis, providing lo the general public a warm, safe space with refreshments and snacks available, free ol charge. Working with Prosper Wakefield, we have received funding in respect of "Households on the Edge" to support families unable to access other financial support. We offer free WiFi, access to IT support and low cost printing and copying seniices. d) Covld Communlty Champlons In conjunction with the Public Health Directorate, St Mary's are members of the Wakefield Covid Community Champions Network, working to inform and assist the public by sharing information and guidance on Covid-19, vaccinations and other health issues with the community. e) Youth Provision Brownies, Rainbows and Pantomime Society hold their regular sessions here. A large number of one-to-one teaching sessions are held in conjunction with a local special school for pupils aged betwaen 11-16 years with an Education, Health and Care Plan lor Profoundlsevere Social, Emotional and Mental Health Needs (SEMH). In partnership with Wakefield Libraries. Wordfest storytime sessions take place for under 5's and families to have fun with slories, activities and healthy snacks. Numerous children's dance and acrobatics sessions take place both during the week and in school holidays which are very popular and well attended. Happy Healthy Holidays sessions took place over summer and provided crafting, games and exercise sessions for 8-14 year olds in receipt of free school meals. Healthy and nutritious meals are also provided as part of these sessions. f) The Older Generatlon Numerous sessions of Pilates classes are held each week, mainly altended by the over 50's. After an enforced break caused by the pandemic, we reinstated our weekly lunch club from September 2022 with existing and new members. Our team of volunteers, certificated in Food Hygiene, provide a hot, nourishing two-course meal, followed by tea and coffee. Bingo and a raff le are enjoyed and up to thirty people attend each session. The sessions are fully staffed by a group of local volunteers, who in turn, enjoy the social benefit of weekly meetings and lunch together. A community choir, Pontefract Liquorice Singers, hold their weekly rehearsals at the centre. The long established Pontefract Art Club have joined us to hold their weekly sessions.
ST. MARY'S CHEQUERFIELD COMMUNITY PROJECT LIMITED TRUSTEES, REPORT conlinued YEAR ENDED 31 MARCH 2024 Male incontinence pad disposal facilities have been installed in our gentlemen's toilets. Working in partnership with our local NHS Care Coordinators and the Alzheimer's Society, we introduced free monthly drop-in sessions, to provide support and advice for local people with memory diff iculties, along with their carers. g) Health and Wellbeing Support Funding was accessed to train volunteers to deliver the Menopause & Me project. Sessions were delivered in conjunction with Menohealth, an international organisation offering practical help and support, to empower everyone to take control of their menopause and improve their mental health and wellbeing. Working with the NHS and Live Well Wakefield the CORE20+5 project was launched to support and encourage members of the public to access their medical appointments with the help of a team of trained volunteers. We have supported, from its launch, a local support group, Care to Talk. We provide free room rent and administration and signpost to the project where applicable, working closely with the project workers. Funding has been obtained to arrange various trips and events for the group to help with confidence and wellbeing. We are constantly exploring ways to raise awareness of health and wellbeing issues and signpost to relevant agencies where necessary. Healthwatch Wakefield hold monthly public drop-in sessions. We are supported by a number of volunteers, from all age groups and in a variety of posts. The positive aspects of volunteering cannot be overestimated in terms of inclusion, motivation and camaraderie. Slimming World is a very well-attended group and has been holding weekly sessions at St Mary's for many years. St Mary's Church hold Sunday worship sessions in the community hall, which is a considerable benefit to the local community. They also hold monthly Messy Church sessions, which appeal to families and include craft activities and eating together. Working in conjunction with Pontefract Reads, St Mary's offer a well-stocked and regularly replenished bookcase in our public area, where books for all ages are offered, free of charge, with suitable book donations being gratefully accepted. Working with the Yorkshire Air Ambulance Team, we held crafting sessions where hand- made items were prodUd to be sold at craft fairs to support YAA. St Mary's has worked with staff from Pontefract and Knottingley Primary Care Network on a number of new projects including hypnotherapy, Reiki and healthy hearts drop ins. h) Employability and IT Support Working closely with Jobcentre Plus, Wakefield Adult Education Services and partners, we run skills assessment sessions to identify weaknesses which affect employability and signpost individuals to the necessary training and support. This may be through our range of employability courses or partner schemes. R8ferral routes are tailored to support clients for whom anxiety and/or depression are a barrier to wod(. A digital assistance project supporting EU settlement status applications etc. has been well accessed.
ST. MAR Y'S CHEQUERFIELD COMMUNrrY PROJECT LIMITED TRUSTEES, REPORT continued YEAR ENDED 31 MARCH 2024 l) Refurbishment of the Buildlng The building is twenty years old and has been utilised extensively and impressively. Many changes have been made to facilitate optimum use of room space since the original design. An ongoing program of redecoration, maintenance and update of IT equipment and software is underway. Our caretaker maintains the gardens and carries out repairs and maintenance whenever possible. When necessary, we employ local tradespeople to carry out work. Works carried OLrt during this period have included replacement carpeting, upgraded IT server unit and additional CCTV coverage. Repairs have been made to the roof and skylights, sensor controlled LED lighting fitted around the building and essential upgrades made to our passenger lift. We have installed a defibrillator for public use, provided by a West Yorkshire Prepared Community Grant Initiative. The garden area has been refurbished, at little cost, providing a private, tranquil outdoor area for centre users to enjoy. J) Green Issues St. Marys has always been passionate on recycling and energy conservation, with these issues continually promoted throughout the centre to all users, ensuring we keep our carbon footprint and energy expenditure to a minimum. We have increased our recycling effort to include soft plastics used within the centre. Funded by a grant from CRT in 2012, the centre has eighty-five solar panels fitted, which greatly reduce the energy outgoings. All light fittings have now been replaced with energy saving LED models, funded by a WYCA climate activity grant in 2023. This will see a considerable cost saving made in future and confirms our commitment to reducing our carbon footprint. Free flow taps in our public areas were replaced with push control models, reducing water usage and waste. Energy efficient equipment including new central heating boiler, hot water kitchen geyser and dishwasher have been installed. Outdated IT equipment is donated to a local social enterprise who refurbish and donate equipment to other charities. Truslees, assessment of golng concern Following the impact which the Covid-19 crisis had on our operations, our income has recovered, albeit with some streams being slower to return to pre-covid levels. Du8 to Income from services provided, room hire and funding applications, we have rnanaged to complete this challenging financial year without serious financial impact, while providing invaluable community support and improving public facilities within our building. Funding applications are regularly iiiad¥ iii ui'iJ¥i' Iu suppul L lui i ui11 iii iy Luslb dr Id IdLilildlv SPVLidl dLlivili¥b. Increased costs due to the cost of living crisis have and will continue to impact on our business, as the cost of utilities, salaries, consumables etc has increased dramatically. To take account of increased expenditure and financial constraints, we continue to operate with a small but flexibl8 staff ing team who have undertaken training courses to ensure they are well equipped to meet changes in our operations. Staff rotas have been put into place to make optimum use of staff ing hours and streamline salary costs. We are confident that we are in a position to meet the challenges brought about by Covid-19 and the present financial crisis, and have proven that we are sufficiently flexible and responsive to continue to otter and expand our community provision. We do not view our operations as "At Risk" up to the end of the 202412025 accounting period. |Page
ST. MARY'S CHEQUERFIELD COMMUNITY PROJECT LIMITED TRUSTEES. REPORT conlinued YEAR ENDED 31 MARCH 2024 The charlty's policy on reserves The St Mary's Community Centre is a focus for the local community and the company's remit is firstly to maintain the building to facilitate the needs of the community it serves,. and secondly to continue to develop further s8rvices, activities and support to sectors of that community where those facilities don't exist or are inadequate. This we may do by ourselves or with other local partners. We will aim to ensure that any work we undertak8 is fully funded, although Ihere are instances where funding requires a contribution from ourselves. In addition, there will be a Gontinual and increasing need to maintain the fabric of the building. We therefore feel it prudent to maintain a minimum level of unrestricted resenies which equate to six months running costs as well as transferring to designated resenies any amounts which are felt necessary to fully fund future projects. Based on current year expenditure, excluding depreciation, six months running costs equates to approximately £96,000. At 31 March 2024, our level of unrestricted reserves was £168,25812023: £190,264). Reserves are currently above the target level set out in the reserve policy. The trustees consider this to be appropriat8 given the short-term nature of lunding and the challenges that the effects of the pandemic and current cost of living crisis will continue to place on the charity in the coming months and years. Statement of trustee responsibilities Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity at the end of the year and of the surplus or deficiency for the year then ended. In preparing those financial statements, the trustees are required to.. S81ect suitable accounting policies and then apply them on a consistant basis, making judgemenis and estimates that are prudent and reasonable. The trustees must also prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity, and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Flnanclal review The financial statements are set OLrt in pages 12 to 21. The Statement of Financial Activities shows a deficit for the year of £37,043 12023: a deficit of £36,404). The resull includes the depreciation charge of £44,734 (£46,372 in 20231. The total funds at the year-end sland at £1,416,851 {2023'. £1,453,894>, Total funds includes the value of the building and other fixed assets. Reserves of the charity at year-end, held in unrestricted funds, stand at £168,258 (2023: £190,264). There was also a sum of £93,786 held in designated funds for specific projects.
ST. MARY'S CHEQUERFIELD COMMUNITY PROJECT LIMrrED TRUSTEES. REPORT contlnued YEAR ENDED 31 MARCH 2024 Small company provisions This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. The trustees declare that they hav8 approved the trustees, report above. Signed on behalf of the charity's trustees: Signed: Date: 29 October 2024 Davld Jones, Chalrl Dlreclor
ST. MARY'S CHEQUERFIELD COMMUNrrY PROJECT LIMITED INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 MARCH 2024 I report on the accounts of the charity, which are set out on pages 12 to 21. Respectlve responslbilitles of Iruslees and exarnlner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions giv8n by the Charity Commission (under section 145(5)Ib) of the Charities Act, and to state whether particular matters have come to my attention. Basls of independent examlner's report My exarnination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examlner's stalemenl In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect: accountlng records were not kept in accordance With section 386 of the Companies Act 2006. or the accounts do not accord with such records,. or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the Charities SORP (FRS102). I have no concerns and I have coffle 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. Signed: Date: 29 October 2024 Stephanie Tolson Community Accountant BCVS Services Limited 23 Queens Road Barnsley S71 1AN
ST. MARY'S CHEQUERFIELD COMMUNITY PROJECT LIMITED STATEMENT OF FINANCIAL ACTIVITIES (Incorporallng an Income & Expendlture Account) YEAR ENDED 31 MARCH 2024 2024 Total Funds 2023 Unreslricted Deslgnated Restricted Funds Funds Funds Nole Income: Donations and legacies Income from charitable activities Investment income Other income 2a 2b 2,034 138,220 7,301 5,000 48,546 50,580 138,220 7.301 5,000 18,831 169,014 5,409 6,691 2d Total Income 152,555 48,546 201,101 199,945 Expenditur• Expenditure on charitable activities.. Other expenditure 3a 3b 177,820 44,734 15,590 238,144 236.349 Tolal expendlture 177,820 44,734 15,590 238,144 236.349 Net incomelexpenditure for the year Transf8rs between funds Total funds brought forward {25,2651 3,259 190,264 144,7341 32,956 13,2591 3,599 137,043) 136,4041 1,260,031 1,453,894 1,490,298 Total lunds carrled forward 168,258 1,215,297 33,296 1,416,851 1,453,894 The Statement of Financial Activities includes all gains and losses recognised in the year. All the activities of the charitable company are classed as continuing. Prior year income includes restricted donationslgrants of £15,791. Prior year expenditure on charitable activities includes: £46,372 from designated funds (depreciation) £14,502 from restricted funds All other prior year income and expenditure is unrestricted. |Page 12
ST. MARY'S CHEQUERFIELD COMMUNrrY PROJECT LIMrrED BALANCE SHEET YEAR ENDED 31 MARCH 2024 2024 2023 Note Flxed assels Tangible assets 1.121,511 1,166,245 Total fixed assets 1,121,511 1,166.245 Currenl assets Debtors & prepayments Cash at bank and in hand Total current assets 16,316 282,2t7 298,533 20,996 268,738 289,734 Llabllltl88 Creditors & accruals amounts falling due within one year 13,193 2,085 Net current assets 295,340 287,649 Net assets 1,416,851 1,453,894 Funds of the charily Unrestricted funds Designated funds (Fixed Assets) Designated funds (Other) Restricted funds 168,258 1 121,511 93,786 33,296 190,264 1.166,245 93,786 3,599 Total lunds 1,416,851 1,453,894 Exemption from audit For the year ending 37 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its accounts for the year in question in acGordance wilh section 4 76., The directors acknowledge their responsibilities for Gomplying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to Gompanies subject to the small companies r8gim8. The trustees declare that they have approved the accounts above. Signed on behalf of the charity's trustees: David Jo es, Chalrl Dlrector Date: 29 October 2024
ST. MARY'S CHEQUERFIELD COMMUNrrY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1. Accounling pollcles Basis of the preparation of the accounts The financial statements have been prepared in accordance with AcGounting and Reporting by Charities - Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021- {Charities SORP (FRS102)) and the Companies Act 2006. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy note(s). Where n8cessary the headings in the financial statements have been adapted to meet the special activities of the charity. The trustees have applied the exemption from preparing a statement of cash flows (smaller charities). Golng Concern Note After reviewing the charity's forecasts, prolectlons and its reserves, the trustees have r8asonabl8 expectation that the charity has adequate resources to continue in operation for the foreseeable future. There is a healthy reserve at the year end and there are no material uncertainties in the twelve-month period following the signing of these accounts. The charity therefore continues to adopt the going concern basls in preparing its financial statements. Incomlng resources All material incoming resources have been included in the Statement of Financial Activities when the charity is entitled to the income, when any performance conditions attached are met, when it is probable that the income will be received and when the amount can be measured reliably. Donated goods and servlces Donated facilities and services are recognised in the accounts, at the amount the charlty would pay in the open market for a service equivalent to that being donated, when the charity would otherwise have purchased them and the value can be measured reliably. Donated goods for the charity's own use are recognised as income, at their fair value. The contribution of general volunteers is not recognised as income in the charity accounts. Resources Expended All expenditure is included on an accruals basis and is recognised as a liability is incurred. Cost of raising funds includes all expenditure incurred to raise funds for charitable purposes, including costs of all fundraising activities and costs incurred in seeking donations, grants and lpgarips. Expenditure on charitable activities includes all resources applied by the charity in undertaking work to meet its charitable objectives. Allocation of Support Costs Support costs are the costs of functions that assist the woth of the charity but do not directly undertake charitable activities and include the cost of governance and finance. Support costs are allocated directly to expenditure on charitable activities.
ST. MARY'S CHEQUERFIELD COMMUNITY PROJECT LIMrrED NOTES TO THE FINANCIAL STATEMENTS continued YEAR ENDED 31 MARCH 2024 Pension costs The charity contributes to a defined contribution pension scheme for employees which meets the requirements of current pensions legislation. Pension cost charges in the Statement of Financial Activities represent the contributions payable by the charity in the year. Tangible Fixed Assets Tangible Fixed Assets with a cost exceeding £1 ,000 are capitalised and depreciated over their expected useful lives. Depreciation is provided in order to write off the cost less estimated residual value of each asset over its estimated useful life, on a straight line basis as follows: Buildings & Additions Building Fixtures & Improvements Equipment & Furniture Computer Equipment In the y8ar of acquisition, assets are depreciated for the full year. 20/. 100/. 250/. Taxallon The charity is exempt from UK corporation tax on income from its charitable activities. Funds Structure The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of Ihe trustees in furtherance of the objects of the charity. Restricted funds are provided to the charity for particular purposes and may only be spent for the purposes for which they were given. Any balance remaining outstanding on a r8Stricted fund at the end of the year is carried forward as a balance on the fund, unless permission has been given by the funder to remove the restriction on the balance outstanding. The value of the Fixed Assets is held in a designated fund against which annual depreciation is charged. Other designated funds are established for specific projects at the discretion of the trustees.
ST. MARY'S CHEQUERFIELD COMMUNrrY PROJECT LIMrrED NOTES TO THE FINANCIAL STATEMENTS continued YEAR ENDED 31 MARCH 2024 2. Analysis of Income 2024 Unrestricted Restricted Total 2023 Unrestricted Reslricled Funds Funds Total Note Funds Funds Funds Funds 2a Donatlons & Legacies: Donations Grant income: WMDC . Happy Healthy Holidays grant WMDC - Infection Control Grants Wakefield Nova - Climate Activity grant Wakefield Nova- Menopausg & Me Wakefield Nova - Core 20 plus 5 granl WMDC - Jubilee Funding WDHCS- Prosper Together Grant Coalfields Regeneration Trust Asda Foundation Grant Arnold Clark Wakeli8ld Council Culture Grant WMDC (Libraries) Word Fest 759 80 839 1,040 1,040 2,000 2,000 2,000 2,000 19,500 3,188 10,028 19,500 3,188 10,028 381 10,000 1,960 1,000 1,000 950 500 381 10,000 1,960 1,000 1,000 950 500 1,275 8,500 5,000 9,775 5,000 250 250 2,034 48,546 50,580 3,040 15,791 18,831 2b Income from charltable actlvltle8: Room hire and seNices Help at the Hub funding ICABI DLS income Sl Mary's lunch club Other 120,493 13,575 113 3,690 349 120,493 13,575 113 3,690 349 138,220 155,403 10,050 594 2,608 359 169,014 155,403 10,050 594 2,608 359 138,220 169,014 2c Investment Income Bank interest 7,301 7,301 5,409 5,409 7,301 7,301 5,409 5,409 2d Other Income Insurance clairn Rebates 1,691 5,000 1,691 5,000 5,000 5,000 5,000 5,000 6,691 6,691 Total Income 152,555 48,546 201,101 184,154 15,791 199,945
ST. MARY'S CHEQUERFIELD COMMUNrrY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS conllnued YEAR ENDED 31 MARCH 2024 3. Analysis of expenditure 2024 Unrestricted Designated Restricted Funds Funds Funds 2023 Total Total Funds Funds 3a Cosl of Charltable Activities: Salaries and on-costs Rates. water & insurance Heat & light Office costs, printing & statlonery Telephone & internet IT Support Travel & volunteer expenses Training Accountancy fees Legal & Professional fees Catering, hospilalily & refreshments Repairs, renewals, maintenance & security Caretaking & cleaning Advertising & publicity Activities, events & other proj8cI costs Household support (Prosper Together) Depreciation buildings Depreciation - oth8T assets Other expenditure 127,200 1,433 9,954 5,850 2,828 2,096 1,138 108 1,000 1,002 4,837 10,040 9,268 127,200 6,564 9,954 6,241 2,894 2,162 2,922 108 1,000 1,002 5,562 11,402 9,268 115,723 5,967 5,986 4,017 2,676 2,489 944 27 900 5,131 391 66 66 1,784 725 1,362 6,478 22,471 9,585 40 3,622 7,841 35,436 10,936 1,211 180 1,469 4,596 1,649 4.596 35,436 9,298 886 35,436 9.298 886 Total expendlture on charitable activities 177,820 44,734 15,590 238,144 236,349 3b Other expendlture Total other expenditure Tolal Expendilure 177,820 44.734 15,590 238,144 236,349 2023 ex endit rei cludes: Designated funds- depreciation buildings £35,436. depreciation other assets £10,936. Restricted funds- salaries £695; Heat & light £901. Office costs £178. Travel & volunteer expenses £458,. Catering £1,305., Activities & project costs £2,747,. Household Support £7,841" Other expenditure £377. All other prior year expenditure is unrestricted. |Page 17
ST. MARY'S CHEQUERFIELD COMMUNITY PROJECT LIMrrED NOTES TO THE FINANCIAL STATEMENTS contlnued YEAR ENDED 31 MARCH 2024 4. Statt Costs 2024 2023 Salaries cost Enyloyer NIC Enployer pension contributions 115,927 8,978 2,295 105,541 8,156 2,026 127,21KI 115,723 No employee received emoluments of more than £60,000. Tha average number of employees during th8 year was 6 (2023.. 61. 5. Tangible Fixed Assets Bullding & Additions Equiprn8nl & CDmpulerllT Furniture uipment Total C08t Balanc8 blf - 01 April 2023 Addltlons in year Balance clf al 31 March 2024 1,729,264 77.920 50,126 1,857,310 1,729,264 77,920 50,126 1,857,310 Depreclatlon Balance bll 01 ApTiI 2023 Charge for the year 573,661 35,436 74,733 3,187 42,671 8,111 691,065 44,734 Balance cll al 31 March 2024 609,097 77.920 48,782 735,799 Nel Book Value at 31 March 2024 1,120,167 1,344 1,121,511 Net Book Value at 31 March 2D23 1,155,603 3,187 7,455 1,166,245 |Page 18
ST. MARY'S CHEQUERFIELD COMMUNtrY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS contlnued YEAR ENDED 31 MARCH 2024 6. Debtors 2024 2023 Accounts receivable Prepayments 8,802 7,514 13,963 7,033 16,316 20,996 7. Credltors 2023 counts payable ALcruals 1,035 2,158 861 1,224 3,193 2,085 8. Trustees, remuneration, benefits and expenses Remuneration of £15,194 was paid to trustee D Pallett who was employed by the Charity as a Project Development Manager. Other than reimbursement for items purchased on behalf of the charity, there were no other payments, expenses or benefits made to trustees in this period, or in the previous financial period. 9. Related party transactlons There were no related party transactions in this or the previous financial y8ar. 10. Independent examlnatlon and accountancy servlces 2024 2023 Final accounts preparation & Independent Examination IBCVSI 1,000 900 1,000 900 |Page 19
ST. MARY'S CHEQUERFIELD COMMUNrrY PFIOJECT LIMrrED NOTES TO THE FINANCIAL STATEMENTS contlnued YEAR ENDED 31 MARCH 2024 11. Movements in funds Openlng Incomlng (Resources balance resources expended) Transfers Closlng balance Unresirlcted funds General Fund 190,264 152,555 1177,8201 3,259 168,258 190,264 152,555 (177,820) 3,259 168,258 Designated funds Buildings & Additions Other Fixed Assels IEquipmentl Youth Provision Older Generation Building MalnlenancelRefurblshment 1,155.603 10,642 25,000 10,000 58,786 135,4361 (9,2981 1,120,167 1,344 15,000 15,000 63,786 110,000) 5,OOQ 5,000 TOTAL 1,260,031 (44,734) 1,215,297 Restrlcted funds WDHCS- Prosper Together Grant Coalfields Regeneration Trust Care to talk Wakelield Nova- Core 20 plus 5 grant Wakefield Nova- Climate Aclivity grant Wakelield Nova- Menopause & Me Wakefield Council Culture Grant Coalfields Regeneration Trust Core costs WMDC- Healthy Holidays grant WMDC- WordFesl Grants Foodbank Donations 2,159 131 8,500 {4,8561 11311 {1,3581 15951 (1,5231 12721 (5,0001 {1,4001 11301 (3251 5,803 10,028 19,500 3,188 11,9971 6,673 18,905 1,665 799 {5271 5,000 2,000 250 80 (600) 1120) 115) 250 260 250 3,599 48,546 (15,590 (3,259) 33,296 TOTAL FUNDS 1,453,894 201,101 (238,144) 1,416,851 12. Fund Transfers £10,000 was transferred from the Youth Provision fund into the Older Generation and Building Maintenance fund, being £5,000 into each. £527 was transferred from the Wakefield Council Culture Grant to the General Fund for room hire. £1,997 was transferred from Core 20 Plus 5 to the General Fund for room hire, set up costs and printing. £120 was transferred from WordFest to the General Fund for room hire. £600 and £15 were transferred from Healthy Holidays and Foodbank grants respectively to the General Fund to close the funds down as the projects were complete.
ST. MARY'S CHEQUERFIELD COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS contlnued YEAR ENDED 31 MARCH 2024 13. Restricted Funds WDHCS.. Pros erTo ether Grant- a grant from Wakefield and District Health and Community Support Prosper Together Fund, to deliver direct support to local people identified through the 'What's up Wakefield District, research project as Households on the Edge. C alfields Re eneration Trust- a grant for the cost of room hire and activities for the 'Care to Talk, Mental Health Support Group, and a further grant to cover core costs which was allocated to insurance. Wakefield Council Culture Grant: _ a grant for a permanent mural, painted by Pontefract Arts Club. around the theme of a circle and featuring recognisable aspeGts of the work, services and user groups at St Mary s Community Centre. WMDC.. WordFest- A grant from Wakefield Council (libraries) for 'WordFest' activities. Wakefield Nova: Core 20 lus 5 Grant- a grant to fund a volunteer scheme to support the public to attend medical appointments. Wakefield Nova., Cllmate Activit Gran a grant to fund the replacement of LED lighting and controlled flow taps. Wakefield Nova.. Meno ause & Me- A grant to fund training, menopause support and advice sessions. WMDC.. Health Holida sessions. s Grant- A grant to fund Sports, Dance, exercise and lunch