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2023-03-31-accounts

Annual Report 2023

Overview

West Chadsmoor Family Centre has continued to support the local community through the activities that it offers to families and residents.

The centre has continued supporting the food and fuel crises by offering warm packs and a food table where people collect groceries, nappies and baby items and toiletries. This has proved a lifeline for many local people.

Our family community worker has worked with families who have extra needs in one form or another. Working one to one with the families and supporting them according to their needs. The Family Community Worker also provides an adult support group with a crèche to care for the children. This gives parents a short respite, builds confidence and allows for peer support to take place

Our programme of activities has been well received by our families over the past year. These include Baby Peep, Simple babies, Toddler peep, Stay and Play, Grow and craft with us and Family playtime. These activities cover the Pre-school age range starting babies that are new born and providing a drop in group for families with new born children to help them get through the first few months of babies life. The peep sessions help parents learn how their child learns and how they can provide the best start for them to develop to the best of their ability. The play and stay session allows family to come along and play together. Lastly we have our allotment which involves parents and children in growing, planting, watering and generally enjoying the outdoors.

Further to this we offer activities for the parents and provide a crèche. This gives parents opportunity to develop their own skills, gain confidence, improve self -confidence and help them prepare for the future.

Funding

We are currently in the final year of our Bright Beginnings Lottery funding which has enabled us to offer all the listed activities. We have also received funding for our community table, warm space and warm home packs from several funders including Know your neighbourhood ( Lottery funding), Cash for Kids food vouchers, Julia& Hans Rausing Trust, National grid for warm spaces and warm packs and a one off grant from the local support provider.

Staff

We continue to have a staff team of nine including Three Family workers, a Community Family worker an admin support, office manager, funding officer and a manager, a cleaner. They are a dedicated team who work very hard and we thank them for all their hard work.

We also have a strong volunteer who attend weekly and support our activities in a number of ways. Through the community table, the warm space lunch, the delivery of the family sessions and the Grow with us in our allotment. Again we thank them for all their dedication and support.

We have had a busy year and are pleased to say that we have managed a good support package for families locally and have seen some amazing results and impacts through our services.

PRELIMINARY ACCOUNTS

Registered number 05485495

West Chadsmoor Family Centre Limited

Report and Accounts

31 March 2023

PRELIMINARY ACCOUNTS

West Chadsmoor Family Centre Limited Profit and Loss Account for the year ended 31 March 2023

Turnover
Administrative expenses
Other operating income
Operating profit/(loss)
Interest receivable
Profit/(loss) before taxation
Tax on profit/(loss)
Profit/(loss) for the financial year
2023
£
147,215
(142,007)
-
5,208
118
5,326
-
5,326
2022
£
125,759
(128,346)
2,571
(16)
5
(11)
-
(11)

1

PRELIMINARY ACCOUNTS

West Chadsmoor Family Centre Limited
Registered number:
05485495
Balance Sheet
as at 31 March 2023
Notes
2023
£
Fixed assets
Tangible assets
3
1,523
Current assets
Debtors
4
203
Cash at bank and in hand
81,752
81,955
Creditors: amounts falling due
within one year
5
(2,163)
Net current assets
79,792
Net assets
81,315
Capital and reserves
Profit and loss account
81,315
Shareholder's funds
81,315
2022
£
1,736
203
76,964
77,167
(2,914)
74,253
75,989
75,989
75,989

2

PRELIMINARY ACCOUNTS

West Chadsmoor Family Centre Limited Notes to the Accounts for the year ended 31 March 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Fixtures and fittings

over 5 years

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 13
3 Tangible fixed assets
2
Employees
Average number of persons employed by the company
3
Tangible fixed assets
2
Employees
Average number of persons employed by the company
3
Tangible fixed assets
2023
Number
11
2022
Number
13
Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Fixtures
and fittings
£
3,928
482
4,410
2,192
695
2,887

3

PRELIMINARY ACCOUNTS

West Chadsmoor Family Centre Limited Notes to the Accounts for the year ended 31 March 2023

Net book value
At 31 March 2023
At 31 March 2022
4
Debtors
Other debtors
5
Creditors: amounts falling due within one year
Other creditors
2023
£
203
2023
£
2,163
1,523
1,736
2022
£
203
2022
£
2,914

6 Other information

West Chadsmoor Family Centre Limited is limited by guarantee and does not have a share capital. The company is incorporated in England and its registered office is: 98 - 100 Princess Street

Chadsmoor Cannock Staffs WS11 5JT

The liabilty of the members in the event of the company being liquidated is limited to £10 per member

4

PRELIMINARY ACCOUNTS

West Chadsmoor Family Centre Limited Detailed profit and loss account for the year ended 31 March 2023

This schedule does not form part of the statutory accounts

Sales
Administrative expenses
Other operating income
Operating profit/(loss)
Interest receivable
Profit/(loss) before tax
2023
£
147,215
(142,007)
-
5,208
118
5,326
2022
£
125,759
(128,346)
2,571
(16)
5
(11)

5

PRELIMINARY ACCOUNTS

West Chadsmoor Family Centre Limited Detailed profit and loss account for the year ended 31 March 2023

This schedule does not form part of the statutory accounts

Sales
Grants donations and fundraising
Children in Need (restricted funding)
Coalfields Regeneration Trust (restricted funding)
National Lottery
Administrative expenses
Employee costs:
Wages and national insurance
Pensions
Premises costs:
Rates and water
Light and heat
Room hire
General administrative expenses:
Telephone
Travel
Stationery and postage
Bank charges
Insurance
Workshops and training
Repairs and maintenance
Depreciation
Community food support
Petty cash and sundry expenses
Legal and professional costs:
Accountancy fees
Other legal and professional
Other operating income
Government grants
2023
£
16,537
9,966
11,680
109,032
147,215
103,731
1,686
105,417
726
1,547
140
2,413
1,299
713
2,756
126
928
5,610
1,250
695
8,923
9,252
31,552
475
2,150
2,625
142,007
-
2022
£
20,587
2,491
2,300
100,381
125,759
104,846
1,693
106,539
710
1,462
-
2,172
1,314
558
4,963
92
932
4,617
494
599
-
4,812
18,381
465
789
1,254
128,346
2,571

6

PRELIMINARY ACCOUNTS

Registered number 05485495

West Chadsmoor Family Centre Limited

Report and Accounts

31 March 2023

PRELIMINARY ACCOUNTS

West Chadsmoor Family Centre Limited Profit and Loss Account for the year ended 31 March 2023

Turnover
Administrative expenses
Other operating income
Operating profit/(loss)
Interest receivable
Profit/(loss) before taxation
Tax on profit/(loss)
Profit/(loss) for the financial year
2023
£
147,215
(142,007)
-
5,208
118
5,326
-
5,326
2022
£
125,759
(128,346)
2,571
(16)
5
(11)
-
(11)

1

PRELIMINARY ACCOUNTS

West Chadsmoor Family Centre Limited
Registered number:
05485495
Balance Sheet
as at 31 March 2023
Notes
2023
£
Fixed assets
Tangible assets
3
1,523
Current assets
Debtors
4
203
Cash at bank and in hand
81,752
81,955
Creditors: amounts falling due
within one year
5
(2,163)
Net current assets
79,792
Net assets
81,315
Capital and reserves
Profit and loss account
81,315
Shareholder's funds
81,315
2022
£
1,736
203
76,964
77,167
(2,914)
74,253
75,989
75,989
75,989

2

PRELIMINARY ACCOUNTS

West Chadsmoor Family Centre Limited Notes to the Accounts for the year ended 31 March 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Fixtures and fittings

over 5 years

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 13
3 Tangible fixed assets
2
Employees
Average number of persons employed by the company
3
Tangible fixed assets
2
Employees
Average number of persons employed by the company
3
Tangible fixed assets
2023
Number
11
2022
Number
13
Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Fixtures
and fittings
£
3,928
482
4,410
2,192
695
2,887

3

PRELIMINARY ACCOUNTS

West Chadsmoor Family Centre Limited Notes to the Accounts for the year ended 31 March 2023

Net book value
At 31 March 2023
At 31 March 2022
4
Debtors
Other debtors
5
Creditors: amounts falling due within one year
Other creditors
2023
£
203
2023
£
2,163
1,523
1,736
2022
£
203
2022
£
2,914

6 Other information

West Chadsmoor Family Centre Limited is limited by guarantee and does not have a share capital. The company is incorporated in England and its registered office is: 98 - 100 Princess Street

Chadsmoor Cannock Staffs WS11 5JT

The liabilty of the members in the event of the company being liquidated is limited to £10 per member

4

PRELIMINARY ACCOUNTS

West Chadsmoor Family Centre Limited Detailed profit and loss account for the year ended 31 March 2023

This schedule does not form part of the statutory accounts

Sales
Administrative expenses
Other operating income
Operating profit/(loss)
Interest receivable
Profit/(loss) before tax
2023
£
147,215
(142,007)
-
5,208
118
5,326
2022
£
125,759
(128,346)
2,571
(16)
5
(11)

5

PRELIMINARY ACCOUNTS

West Chadsmoor Family Centre Limited Detailed profit and loss account for the year ended 31 March 2023

This schedule does not form part of the statutory accounts

Sales
Grants donations and fundraising
Children in Need (restricted funding)
Coalfields Regeneration Trust (restricted funding)
National Lottery
Administrative expenses
Employee costs:
Wages and national insurance
Pensions
Premises costs:
Rates and water
Light and heat
Room hire
General administrative expenses:
Telephone
Travel
Stationery and postage
Bank charges
Insurance
Workshops and training
Repairs and maintenance
Depreciation
Community food support
Petty cash and sundry expenses
Legal and professional costs:
Accountancy fees
Other legal and professional
Other operating income
Government grants
2023
£
16,537
9,966
11,680
109,032
147,215
103,731
1,686
105,417
726
1,547
140
2,413
1,299
713
2,756
126
928
5,610
1,250
695
8,923
9,252
31,552
475
2,150
2,625
142,007
-
2022
£
20,587
2,491
2,300
100,381
125,759
104,846
1,693
106,539
710
1,462
-
2,172
1,314
558
4,963
92
932
4,617
494
599
-
4,812
18,381
465
789
1,254
128,346
2,571

6