2024-03-31-accounts

Trustees' Report 2024

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.

Trustees and Officers

The trustees and officers serving during the year of 1 April 2023 to 31 March 2024 were as follows:

were as follows:
Trustees
Mrs Ann Wright	Resigned May2023
Mr RobinQuant	Resigned May2023
Ms N Peterkin	Appointment terminated 10 May2023
Ms T Hook	Appointment terminated 9 December 2023
Mr N J Dominey	Appointment terminated 9 December 2023
Mrs ShirleyRussell	Appointment continues

Trustees co-opted in May 2023 and voted onto the Board in January 2024
Marina Asvachin	Chair
JennyMitchelmore	Secretary
Stuart Henshall	Treasurer,resigned January2024
Jane Begley
JoyOkumbor
Kat Beames	Resigned June 2024
Trustees co-opted 2024
Marc Sleigh	Treasurer,May2024(resigned October 2024)
JoJo Spinks	September 2024

This annual report has been prepared in accordance with the small companies' regime under the Companies Act 2006.

The charity operates under the name of the Wonford Community & Learning Centre Limited and is based at the Wonford Community Centre and the Phoenix Suite, Wonford District Centre, Wonford, Exeter EX2 6NF.

Guidance as to operation of public benefit requirement

The Trustees have complied with section 17(5) of the Charities Act 2011 regarding any such guidance when exercising any powers or duties to which the guidance is relevant.

Structure Management & Governance

The charity is governed by the Memorandum and Articles of Association and is a company limited by Guarantee.

The Trustees that served during the period are summarised above.

The Trustees look after different functions.

Risk Management

The Trustees of the Wonford Community & Learning Centre Limited have considered the major risks to the charity and its users and have systems in place to manage these risks.

The biggest risk we have had during the past 12 months has been issues with staffing and financial management. The Centre Supervisor who was employed at that time was found to be lacking in ability to carry out their duties, which resulted in their contract being terminated. They had removed items belonging to the community centre, and the matter was reported to the police and a Serious Incident Report was submitted to the Charity Commission. We were fortunate to have another member of the team on board, who assumed the role of administration and has worked extremely hard to improve our financial and administrative position.

Public Benefit Statement

During the past year we have installed an online booking system, which has greatly enhanced business and productivity.

Membership fees were revised in September 2023 and are now set to renew on an annual basis.

The Trustees meet every month and keep in touch via email and a WhatsApp group.

The centre management team also keep in touch via a WhatsApp group.

Objectives and Activities

The object of the charity is to keep a community centre and the Phoenix suite open for the benefit of the people of Wonford and District. The main role of the Trustees is to secure the financial situation to keep the centre available for all those who wish to use it and to ensure we comply with current and future legislation.

Achievements and Performance

Throughout 2023 there were many problems with staffing issues. The Trustees have worked to address these, and we now have a good structure in place, consisting of a team of three part time staff:

• Administration Assistant

• Caretaker/General Assistant

• General Assistant

The centre has a loyal group of volunteers who are very hardworking and assist with various tasks at both the main centre and the Phoenix Suite. The Trustees are extremely grateful for all their help.

The Trustees hold meetings every month and the financial situation is reported and discussed at each meeting. We do not have funds that are in deficit and our policies and hiring charges are reviewed every 12 months.

Maintenance of the main services and facilities is carried out by Exeter City Council on a regular basis. This service includes water checks, fire alarms and fire extinguishers, exterior doors and shutters.

The annual report was approved by the Trustees of the charity on 13 December 2024 and signed on its behalf by:

Marina Asvachin

…………………………………………..

Marina Asvachin, Chair

Jenny Mitchelmore

…………………………………………..

Jenny Mitchelmore, Company Secretary

Company rcgistration numbcr.. 05908666 Charity regislrntion numbcr.. 1116666 Wonford Community & Learning Centre Limited (A company limited by guarantee) Annual Report and Financial Staiements for thc Y¢ar Ended 31 March 2024 Thompson Jenner LLP Chartercd AccounLqnis I Colleton Crescent Exeter D¢v(In EX2 4DG

Ivonford Community & Learning Centre Limited Contents Ref¢ren¢¢ and Administrativc tktsils Trnstees, Report 2to3 Statement of Trustres. Responsibilities Independeni Examinerfs Report StaiEmcni ofFinancial Aclivitics 6107 Balancc Shcct Notc5 to the Financial StatemenLS 9tt) 17

Wonford Community & Learning Centre Limited Reference and Administrative Details Trustees S A Russell M Asvachin J Nfiichelmore J Okumbor J Begley Sleigh J Miichelmore Secretgry Charitv Registration Number 1116666 Company Re2istr*tion Number 05908666 Thc chaTity is incorwrdtcd in England and Wales. Wonford Community Hall and Phoenix Suite Wonford Distri¢1 Centre Ivonford Exctcr Dei'on Registered O￿lee EX2 6NF llldependent Examlner Thompson Jenner LLP Chartered Accounthnts I Colleion Cresceni Exeier Devon EX2 4DG Page I

Wonford Community & Learning Centre Limited Trustees, Report Thc trustccs, who arc dircclors foT the purtM)ses of company law.. prcscnt thc annual rcport together with the financial statements of Ihc charitsble Lompany for the ytrdr endLd 31 March 20?4. Truytees and officer5 Thc trustces and oificcTS scrving during thc year and siDc¢ thc sear end were as follows: Trustees.. S A Russell M Asvachin lapwbinied l June 2023) J Mitchelmore {appointed l Junc 2023) J Okumbor {app)in￿d l Jtm¢ 2023) J Begley (appointed 24 January 20241 M Sleigh (appoinied 10 May 2024) S Henshall (appoinied l June 2023 and resigncd 24 January 2024) T Hook (resigned 15 December 2023) R Quani (resigned 31 May 20231 A WTight (resigned 31 May 2023) N Peterkin {resigned l O May 2023) N J Dotniney Iresigrbed 31 July 2023) Secreiary.. J Mttchelmore lappointcd l Junc 2023) R Quant (rcsigncd 31 May 2023) This rcport has bccn prcparcd in accordance u'ith the small compantes, regime under thc Companics Act 2006. The charity operates undcr the name of the Wonford Community & Learninq Ccntrc Limited and is b&8cd ai the Wonford Communiry Ccntrc and thc Phocnix Suiie, IA'onford DisEriCI Centre, Wonford, F.xctcr. F.X2 6NF. Structlkre Mana ement & Governance The charity is governcd by thc Mcmorandum and Articles of Associaiion and is a company limitcd by Guaranlcc. The trusiees thai sen'ed during the period are 8ummari.sed above. There is a NTitteT] policy on training new In￿le¢s. Thc trustcc% look aftei differeni fimciions. Thc Trustccs hold mcelings every month and the financial situaiion is rcw)rtcd and discw8%ed at each meeting. Wc do not havc funds that arc in dcficil and oui N)licies and hiring charges are reviewed ei'ery 12 months. Maintcnancc of the main ￿[vIce$ and facililies is Larried oui by Exeler City Council on a regular basis. Thi5 serviLe irtLludes wa￿r checks, firL' alamis and firc cxlinguishcrs. cxl¢rior doors atd shullers. Our thanks go io the ¢entre manager and the volunteers for iheir hclp. Page 2

Wonford Community & Learning Centre Limited Trustees, Report Qbjectives and Activities Thc objcct of thc charily is io keep a communily cenire and Phoenix suile open for the benefit of the people of Wonford ar￿ Districi. The main role of the irustees is to secure the financial situaiion to kecp the ccntrc available for all those who wish to use it and to cnsurc wc comply with Cu￿¢￿1 and Icgislation_ Public Bcncfit Strtcmeni The trnstees Lonfinn that they have compllcd w'ith thc rcquircmcnts of scction 17 of thc Charitics Act 2011 to have due regard to thc public bcnefit guidancc publishcd by thc Charity Commission for F.ngland and Wales. Achievements and Perfomiance Throughout ?023 there were many problems with staffing issucs. The Trustccs have worked to address th¢s¢, and we now. have a gi>od structure in place, consisiing ot a (eam of Ihree pan lime sthff.. Administration Assislant . Carc¢akerlGenerdl Assislant CJener21 As%i51ani The centre has a loyal group of volunteers who are very hardworking and assisi with various tssks at both thc main centre and the Phoenix Suite. The Trustecs arc cxtrcTncly gratcful for all thciT hclp. During the pasi year we have instslled an online booking system. which has greatly enhanced business and PToduclivity. Membership fees were revised in ScptCTnb¢r 2023 and are now sei ts) ￿neW on an annual basis. The Tn￿leeS meet every month and keep in louch via cmail and a WhatsApp group. The centTe rnanagemeni team aIs0 kcep in touch via VI WhatsApp grow). Risk Mana emenl The trustecs ol the Wonford Commwiiry & Learning Centre Limited have CODsidered the major risks lo the chariry and its users and have sysiems in place to manage these risks. Reserves As at 31 March 2024. the charity held unrcstrictcd rcscTrcs of £11,621 (2023= £14,748) and regtricted reserves of £5.691 (2023= £1.420). Th¢ Truste¢5 moniior the leN'el of reseTr'es to ensure ihis rcmains approporatc for thc charity. The annual report w75 approved by the trustccs of the charity on .klJ izli.*.. and signed on its bchalf by.. M A5vachin Trnstee i￿h¢1M￿re Company Secrethry and Trustee Pagc 3

I'onford Community & Learning Centre Limited Statement of Trustees, Responsibilities The tnist¢cs {who arc also the direcioTS of Wonford CommunTry & Lcarning Ccntre Limited for the purposes of companN' la￿.} are respoll5iblc for preparing thc trustees, r¢port and the financial sta1cmen￿ in accordanLe with applicabl¢ law and Unitcd Kingdom Accounring Siandards (Uniied Kingdom Gcncrdlly Accepied Accounting Praclicel, including FRS 102 "Thc Financial Rcporting Siandard applicable in the UK and Republic of Ireland" Company law requires the trustees io prepare financial s(alcTTients for cach financial year. Under company law thc Irustccs must not approve the finanLial statemer]is wjless ihcy arc satisfied that ihey gil'e a trne and fair k'icw of thc stai¢ ijf affairs of the charitable company and of thc incoming resourccs and applicaiion of r¢sourccs, including lis incomc and cxpcnditUTe. of the charitsble company for p¢rto(L In preparing ihese ftnancial Slatcments, thc trnstccs are required to.. selcct suitable accounting policies and apply them consistcntly- ob8¢rYc thc wncth(MJs and principles in the Charities SORP- make judgements ond c5titnatcs that arc rcasonablc and prudeni. sthie whether applicable accounting standard4 ￿mprisIng FRS 102 have been followe4 subject io any material departures disclosed and explained in the financial ststcmcnts. and prepare ihe fIn￿lIa] 5tdtcmcnts OT) thc going concern basis unless it is inappropriatc lo prcsume that the Charl￿ble company will continu¢ in business. Th¢ ¢rustccs are responsible for keeping proper accourtling records that can disclose wilh reasonable accurdc), at any lime the financial position of the charitable company and enable ihcm to cnsurc thar rhe financial staiemenL8 coniply with the Companies Act ?006. Thcy arc also responsible for safeguardinE th¢ &s5cts of the charitsble compan}, and hcncc for tsking reasonable sieps foi the prci'ention and dctc£tion of fraud and i)Ihei irregularitics. Thc trusiics are resp)nsible for th¢ maintcnancc and intcgnry of the corporate and fjnancial inforniation includcd on thc chariiable compans's ￿'eb￿lIe. Legislatian g(TrNtrning ihe prcpAfAiinn And di55emin41150n of financial sta￿mentS may differ from legislation in other juri5diclions. Approved by the tThslees of the charity on iili.zlz*. and signed on its behalf by.. M Asvachin Trustee it¢hclTnorc Company secretary and trusfrc Pagc 4

Wonford Community & Learning Centre Limited Independent Examiner's Report to the trustees of Wonlord Community & Learning Centre Limited ('the Companv,) I report to the chan.ty tn￿leeS on my eXam1r￿On ol the accounts of the Compony for the year ended 31 March 2024. Re$ponsibilities and basis of report As ihe chariry's trustecs of the Company (and also its dIrec￿rS for thc PUTposes of company law} you are responstble for the prepardlion of the accounts in accordance wÉth the requirements of the Companic5 Act 2(K16 I'the 2006 Act.). Having satisfied myself that the accounts of thc Company ar¢ noi required to be audi￿1 under Part 16 of ihc 2006 Act and are eligible for indcpcndcnt cxaminaiiun, I report in respeci of my examination of your charity's accounts as Ca￿]ed out under seciion 145 of the Chariii¢s Act 2011 {'thc 2011 Act.). In carrying out my examinalion I have followed the Dircctions given by the Charity Commission UDder section 145151(b) of the 2011 Act. Independent examiner's staiement I have compleied my examination. I confirni that no matieTS hake wme to my al￿ntion tn connection with the examination giving mc causc to Ixli¢v¢'. accounting records were noi kcpi in respe¢1 of Il'onford Communiry & t￿ming Centre Limited as requircd by seciion 386 of the 2006 Act- or 2. the accounts do not accord with thosc Tecords.: or 3. the accounts do not comply Wkth the accouniing requirements of seciion 396 of thc 2006 Act other than any rcquircmcni thai Ehe ac¢outtLS give a 'uue and fair view, wkn.ch is not a mallcr con5idcrcd as pan of au indcpcndent examination. or 4. the accowits havc not been prepared in accordance with thc methimjs and principlcs of the Stslemeni of Recommended Practice for accounting and r¢portirtg by Lhariiies lapplicable io chariiics prcpariTJg thcir accounts in accordAn¢e with th¢ FtnanLial Rcponing Stsndard applicablc in th¢ UK and Republic of Ireland {FRS 102)]. I havc no concems and have come across no other matters in conncclion with ihe examina(ion ro which attention should be drawTr in thi5 rcport in order to endble d pri)per Unders￿ndIng of the accounts to bc reacl)ed. Dave Tucker FCCA Thompson Jenner LLP Chartered Accouniants I Ci)Ileton Crescent Excl¢r tkvon EX2 4DG Date-. Page 5

Wonford Community & Learning Centre Limited Statement of Fin2n¢i21 Actii'ities for the Year F.nded 31 March 2024 (Including Income and Eipenditure Account and Statemenl of Total Recognised Gains and Losse5 L nrestricted fund5 Restricted funds Total 2024 Note Income and F.ndoTrments from: D()nJtions and legbaLies Charitable actii'ities Oihcr trading aclivilies 312 48.106 10,166 10.478 48,106 444 Total income 48.862 10,166 59,028 Expenditure OD: Charitablc activities (51,494) 10,390) (57.884) Total cxpendinwe 151.4941 16.390} 157,%84) Nct {cxpcndiiur¢Vin¢ome Transfers between fi￿dS {2.632) 495 3.776 495 1.144 Nct movemeni sn funds (3.127) 4.271 1.144 Reeoneiliation of fund5 Tutdl funds broughi foTh'ard 14.748 1.420 16,168 Total tunds ca￿Led Iorward 11.021 5.691 The noies on pages 9 to 17 forni an hnlcgral part of thcsc financial siatements. Page 6

Wonford Community & Learning Centre Limited Statement of Financial Activities for the Year Ended 31 Nlarch 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Prior Year Cornparative Figures LTnresiricttd funds Restrieted fund5 Total 2023 'ote Income and Endowments from: Dondtions and legai1¢s Charitsble activiiies Oiher trading activities 12.(K15 I2.￿5 33.323 555 33,323 555 Total income 33,¥78 I1,￿5 45,883 Expenditure on: Raising fimds Charitable actii'ities 246) 49,9£21 {?46} 161,6191 (11,667) Total ¢xkKndiwr¢ 50.198 11.667) 61,JS65 Ncl lexpendirurevincome (16.3201 338 115,982) Net movemeni in funds (16,3201 338 {15,9821 Reconrlliation or runds Total fun(L8 brought f0Th￿rd 31,068 1,082 Total carried for¥wdrd 18 14.748 1.420 16,168 The nolcs on pagcs 9 10 17 form an inEegrdl part of these financial statements. Page 7

I'onford Community & Learning Centre Limited (Registration number: 05908666) Balance Sheet as at 31 March 2024 2024 2023 ote Fixed a55et5 Tangible assets 12 2.757 2,942 Current assets t)ehiors Cash at bank" and in hand 13 14 3,953 9,303 17,394 17,394 13,256 Credi¢or5: Amount5 falling due M"ithin one l'ear 15 12.8391 i.io) Net CUTrent 5set5 14.555 13,226 Net asset5 16.168 Funds of ihe charits.: Restrlcted Income fund5 Retstricted fund% 5,691 ,420 L'nrestricted income lund5 Llnrc%triilid fuiids 11.621 14.748 -l-otal funds 18 17,312 10.1fi8 For the finan¢ial year ending 31 March 2024 thc charity cnuilcd to exempiion from audii under section 477 of the Companies Act 2(K16 relating to small ¢ompanies. t)ircctors' rcsponsibililics.. ThL members have not Tequired the charity to obtsin an audii of its accounts for thc ycar in qucstion in accordance ￿1th seciion 476,. and The dirccloT5 acknowlcdgc thcir rcsponsibilitics for complying with thc requirements of the Aci with respect io #ccouniing rccords and thc prcpardtion of accounts. Thc financial statcmcnts on pages 6 to 17 were approved by the tn￿tees. and authorised for t8sue on I111￿.%.. and si¥ned on their behdifby- .As M AsvaLhin Trustcc J Miichelniore Coinpans. Secreiary and TrUs￿e The notes on pages 9 10 17 fomi an In￿gra] part of these financial ststetnents. Page 8

Wonford Community & Learning Centre Limited 'otes to the Financial Statements for the Year Ended 31 March 2024 I Chgrits. status The charity is limstrd by guardniee, incorpora￿d in F.nglatKI and Wales. and consequen(ly docs not havc sharc capithl. Each of the trustecs is liabl¢ ￿ Contribu￿ an amouni noi excecding £1 low'ards thc assets of the chariry in ihc cvcnt of liquidation. The addrcss of its registered office is= Wonford Communiry Hall and Phocnix Suite Wonford District Ccntr¢ Wonford Exctcr Dcvon EX2 6NF 2 AccountlDg policies Summar). of significant accounting policies and kev accounting estimates Thc principal a¢¢ouniing policies applied in thc preparation of the%e financial staiements are set out below. These ￿lIcleS have been consistcntly applied to all Ihe years presenied. unless otheN'ise ststcd. Statement of compliance The financial ststrmcnts. have been prepared in accordancc with Accountsn% and ReportinR by Charities: Statctncnt of Recommended Prdctice applicablc to charilics preparing their accounLS in accordance with the Financial Rep)rting Standard 102 and thc Companies Aci 20￿. Assets and liabilitses arc initially Tecognised at historical cost or transaction %'alue unless otherwise S￿led in thc rclc%'ant accounting ￿licY notels). Ba515 of prepar$tion Wonford Community and Lcarning Centre Liniited meets the definition of a public benefit entity under FRS 102. Assets and liabilities arc initially re¢o¥nised ai hislorical cosi or transaction value unlcss OthC￿l8e slated in the relevani accounting policy noies. Going concern The irustccs consider thai there are no matcrial unccrfaintics ahoui the charttys ability lo continuc as a going conccrn Tkor any significant areas of unccnainty that aff¢¢t th¢ canying value of assets held by thc charity. Income and endoThments All income is recognised once the clwi.ty has cntitlcmcnl to the Income, it is probable thai the income bc re¢¢ived and the amount of the inconic rcccivablc can be measwed reliably. Don￿1￿￿￿ and legacies Dona(ions arc rccogniscd when thc chariry has been noiificd in witing of both the amount and settlemeni date. In the event thaE a donaiion is subjecl lo condition5 thai require a lei'el of perfornwicc by thc charity b¢fore the chariry is entitlcd to thc funds, the income is deferred and not rccognised until either those conditions are fully mei. or the fulfilmeni of thosc conditions is u,holly within the conuol of the charity and il is probable that these condilions *'ill b¢ ￿lfIlled in ihe rewrting pcriod. Page 9

Wonford Community & Learning Centre Limited 'otes to the Financial Statement5 for the Year Ended 31 March 2024 Granls receivable Grants are recognised when the charity has an cnliilcmcnl to thc funds ond any conditions linked 10 the grants have been mei. Where pcrformancc conditions are attached to the grdnt and are yet to be meL the income is rccogniscd as a liability and included on ihe balance sheei as defcrrcd incomc lo bc rclc&%cd. Expenditure All cxpcndilute ig recognised once there is a legal or constructivc obligalion to thal ¢xp¢ndilure. li is probable scttl¢mcnt is required dnd the amount can be measurcd reliably. All cosLg are allocaÈed io the applicable cxpcnditurc h¢ading thai aggregate similar costs lo thai catcgory. Whcr¢ Costs cannot be direLily attributed to particular headings thcy havc been allocakd on a basis Consisient ￿'1th (he use of resources, with ccntral staff costs allocated on the basis of timc spcni. and depreciation charges allocaied on the ￿rtIOn of thc assct's use. Other sUPPOrt (OSL% are allocared based on the spread of stsff cosLs. Rai.sinKfuNds ThesL are Losts incurrcd in atirncting voluntary in¢ome, the managcmcnt of iDi'CStmcnts and those incurred in trading activitics that raisc fund5. Chfjri/ahle aciiiwiries Chdritsbltt expendiwre compriscs thosc cosL% incurred by ihe charity in ihe delivery of its activitics and %¢tvices for its bcncficiarics. It includcs both custs thai Lan be allocaicd dircctly ¢0 such actii'iti¢5 and (hose cosis of an indircct nature necessary to support them. Support costs Support cost% include ceniral functions and have been allocalcd io activiry cosl ¢aiegories on a basis consistent with the w%e of resources. for example. allocating property costs by floor areas, or per capita, staff costs by the lime spenr and other costs by their usage. Goi'ernaDce cos15 Thcsc include thc costs atiributhble io the charity's compliancc with constilulional and stsiutory requirements, including audi( strategic managernent and iruslecs mcctings and rcimburscd expenses. Tdx3tion The charity 18 con%idered to p&ss the iesis set oul tn Paragraph I Schedule 6 of the Finance Act 2010 and thercforc il mcets the definition of a charitable company for UK cotpofkiion lax purposes. Accordingly. the chartty is poteniially exempt from t&xalion in rcspcci of income or capiial gains received within catcgorics covcrcd by Chapiei 3 Part I l of (he Corporation Tax Act 2010 or Section 256 of the T&xaiion of Chargeable Gainq Act 1992, 10 the exlenl that such incomc or gains are applied exclusively to charitablc purposcs. Tangible fixed assets Indtvidu21 fixed asseis costing £1 IXI or morc arc initially rccordcd at l¢gs any subsequent accumulatcd depreciation and subscqucnt accumulatrd impaimieni losses. Depreciatlon and amortisation Deprecia(ion is provided on tangiblc fixed assets so ￿ to ￿TIte off the cosl or valuation. less any estimated residual valuc. over iheir expected useful economic life as follow's= Asset cla55 Plant and equipmeni Depreciation method and rate 2511/0 reducing balance basis Page 10

lvonford Community & Learning Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Trade debtors Trade debi(Trrs ate amounLS due from c￿￿rners for merchandise sold or services performed in thc ordinary course of business. Trade debtors are recogDRscd initially ￿ thc transaclion pricc. Thcy Jre subsequently measured at amonised cost using the effective inierest metho& Icss provision for impatmeni. A provision for the impairnieni of (rdde debtors is established when thcrc is objcctii'e ci'idence the clwiry will noi be able to colleci all amounts due according 10 ihe original iemis of the receik'ables. Cash and cash equivalents Cash and cash equivalents comprise cash on hatKI and call de￿s1￿, and other short-lcrm highly liquid investments that are readily coni'crtiblc io a known amounl of cash and or¢ subJ￿l Lo an insignifiLant risk of change in value. Trade creditors Trade creditors are obligalion5 to pay for g(K>dg or sen'ices that hal'e been acquired in the ordinary course of busincss from supplier5. Accounts payable are classified as current liabilities if ihe charity does not have an unconditional right. ai the end of the reporting pcrioQ to dcfcr scttlcmcnt of thc crcdiLor for at Icasi N-clve months after thc rcw)rting dai¢. If there i% an uncondiiional right to defer settlement for at least twelve monihs after the reporting dale, they are presenied as non-currcnt liabiliiics. Trade credi￿rS are recognised iniiially at the trdnsaction pricc and subscqucntly mcasurcd at amortiscd cost ling thc effeLLivv iTrleTfSL In¥th(Ml. Fund structure Unrcstrictcd income funds are generxl funds that are available for usc at thc trustccs discretion in furtherJnce of the objcctives of the chartry. Rcslrictcd income funds are ihose donaied for use in a particular area or for spccific purposcs, thc ￿ge of which is rLs(ricted to that area OT PUTPOSC. Page 11

Il'onford Community & Learning Centre Limited l%otes to the Financial Statement5 for the Year Ended 31 Nlarch 2024 3 Income fTOrn donation5 and le%acies Lnrestricted funds Central Restricted funds Toisl funds GranL%, including capitsl grants. (irants rcccivcd 312 10.166 10.478 Total foT 2024 312 10.166 10,478 Total for 2023 1 ?.005 12,(M)5 4 Income from eharitable actii'ities Lnresiricted funds General Total funds Hall income 48,106 48.106 Total fthr 2024 48.106 48,106 Total for 1021 S Income from other trading actlJ'ltie5 LTnrestrlcted funds General Total funds Mcmbcrship subscriptions 444 444 Total for 2024 444 444 Total for 2023 555 555 Page 12

Wonford Community & Learning Centre Limited Notes to the Financial Statements for the Year Ended 31 Nlarch 2024 6 Eipenditsre on charitble actib'ities Unrestricted fund5 General Restricied funds Total fund5 Allocatcd supwTrr1 ¢OSts Governance costs 48.554 2.940 6.390 54,944 2,940 Total for 1024 51.494 6.390 57.884 Total for 2023 49,952 11.667 61,619 7 Anall'sis of goveTnJnce and $upport eosts Charliable •¢tiiiries expenditure Unresiricted Total 2024 Total 202_1 General Restrieted Wages atml salaries Reni 23.154 23,154 6.215 24,319 4,679 6.605 319 6215 Rates Water rat&s LighL heat and p)weT Insurance Alam Telephone and f&K Rcpair5 and reneu'als PRS 128 10,311 128 10.311 2.697 2.093 2.329 2.697 2,093 2,329 1.066 1.705 924 4,n37 2,007 2,702 Cl¢Jning Dcprc¢iaiion Sundry ¢xpens Governancc costs (anxlysed IKlow) 1.705 749 892 175 983 2.713 1,2(Ml 3.278 2.940 ?.940 51,494 6.390 57,884 61,619 Of the above expendilure £51,49412023.. £49,952) was unrestricted and £6,390 {2023.. £11.667) was restricted. Page 13

Il'onford Communitv & Learning Centre Limited INotes to the Financial Sialemenls for the Year F.nded 31 Nlarch 2024 Goi'ernance Costs Unrestrlcted funds General Total funds Independcni examinei f¢e Examination of thc financial statcmcnts 2,940 2,940 Total for 2024 2.940 2,940 Total for 2023 1.2(M) 1,2(K) 8 Trustees remyneration and expenses During the year the charity made the following trdnsaciions u'ith [n￿lees. Thrcc trustecs were reimbused a iotal of £294 (2023.. £nil) in expenses relkting to rcpairs and rcncwals for ihc chariry. No trustres, nor any persons cOnneC￿d with thern. havc received any remunerdiion from the charity during ihe yLdr. Nv trust¥gs hdve ieceiN'ed any oth¢r bcn¢fJis from thc charit). during thc ycar. 9 Staff costs The monthly av¢ragc numbcr of persons {including senior managemeni I leadership *am} cmploycd by the charity during the year expressed as ￿1] lim¢ cquivalcnts was as follows.. 2024 2023 Av¢ragc number of cmployccs No employee received emoluments of tt￿re than £60.(MM) during thc ycar. 10 Independent eIaminer's remuneration 2024 2023 Examination of the financial sratrments 2,940 I l Taxation The charity is a registered chartty and is therefore exempi ITOM tsxaiion. Page 14

Wonford Community & Learning Centre Limited Notes to the Financial Statement5 for the Year Ended 31 March 2024 12 Tangible fixed asset5 Plant and equipment Total Cost Ai l April 2023 Additions 14,892 739 14,892 739 At I l March 2024 15,631 15,631 Depreci2tlo Ai l April 2023 Charge for the year 11,950 924 11,950 924 At 31 March 2024 12.874 12.874 Net book i'alue Ai 31 March 2024 2.757 2,757 Ai 31 March 2023 2.942 2,942 13 Debtors 2024 2023 Trade deb￿lS 3.953 14 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 79 17,315 133 9,170 17,394 9,303 15 Creditors: amounts falling due T4lthln oDe l'ear 2024 2023 Other Creditors 313 Pension scheme creditor Accruals 25 1,501 30 2.839 30 Page 15

Wonford Communitv & Learning Centre Limited l%otes to the Financial Statements for the Year Ended 31 March 2024 16 Relsttd parh. transactions Thcrc wcrc no rclatcd party transactions in the yeaT. 17 Anali'5is of nel 355et5 bets'een fund5 L nTeslricted funds General Tolal funds at 31 IlaTch 2024 Restricted funds Tangible fixed assets Current asseis Current lidbiliiie 2.232 17.394 l?.R39) i25 2,757 17.394 12.8391 Total nei assets 16,7X7 17.-312 L nrestricied funds GeDeral Total funds 2¢ 31 ,Ilarch 2023 Reslricted funds Tangible fixed assets Curreni assets Currcnt liabilitics 2.242 12.536 {301 700 2.942 13,256 301 720 14.748 1,420 16.168 18 Funds Balance at 31 Nlxrch 2024 Balance at April 2023 Incoming resources Resources e¥pended Transfers UnTe5tricted funds Unrestri¢ted funds gcT)cral 14,74S 411.162 {51.4941 14951 11.621 Restricted fllnds Restricled iunds .420 10.166 {6.3901 495 5.691 Total funds 16.16K 59.028 57.X114) 17.312 Page 16

Wonford Communitv & Learning Centre Limited I%otes to the Financial Statements for the Year Ended 31 Nlarch 2024 Balance at I .4pril 2022 Incoming re50vrces Resources expended Balance at 31 lgrch 2023 Unre51ricted fund5 Gentrol Unrestricied fimds general 31,068 33.878 {50,198) 14,748 Reslrlcted Restricted funds I,OX2 11.667) 1,420 Total funds 16.168 The specific purp)scs for which the funds are to be applied are as follows". Unrestricted funds are funds available ai the m￿leeS discretion for fiutheTancc of the charitsble objectives. Rcslncted funds relate to the grdnts received from EXc￿r City, Cowicil and Dcvon County Council in respeci of rcnt, rates. a compu￿. blinds. a nolicc board and to put tOWdr(ts upgradingi the Phocnix Suitc kI￿hen. £495 was transferred from unrestyicted filnds ￿ restricted fvnds io coi'er the shortfall in rcnl. Page 17

Company rcgistration numbcr.. 05908666 Charity regislrntion numbcr.. 1116666 Wonford Community & Learning Centre Limited (A company limited by guarantee) Annual Report and Financial Staiements for thc Y¢ar Ended 31 March 2024 Thompson Jenner LLP Chartercd AccounLqnis I Colleton Crescent Exeter D¢v(In EX2 4DG

Ivonford Community & Learning Centre Limited Contents Ref¢ren¢¢ and Administrativc tktsils Trnstees, Report 2to3 Statement of Trustres. Responsibilities Independeni Examinerfs Report StaiEmcni ofFinancial Aclivitics 6107 Balancc Shcct Notc5 to the Financial StatemenLS 9tt) 17

Wonford Community & Learning Centre Limited Reference and Administrative Details Trustees S A Russell M Asvachin J Nfiichelmore J Okumbor J Begley Sleigh J Miichelmore Secretgry Charitv Registration Number 1116666 Company Re2istr*tion Number 05908666 Thc chaTity is incorwrdtcd in England and Wales. Wonford Community Hall and Phoenix Suite Wonford Distri¢1 Centre Ivonford Exctcr Dei'on Registered O￿lee EX2 6NF llldependent Examlner Thompson Jenner LLP Chartered Accounthnts I Colleion Cresceni Exeier Devon EX2 4DG Page I

Wonford Community & Learning Centre Limited Trustees, Report Thc trustccs, who arc dircclors foT the purtM)ses of company law.. prcscnt thc annual rcport together with the financial statements of Ihc charitsble Lompany for the ytrdr endLd 31 March 20?4. Truytees and officer5 Thc trustces and oificcTS scrving during thc year and siDc¢ thc sear end were as follows: Trustees.. S A Russell M Asvachin lapwbinied l June 2023) J Mitchelmore {appointed l Junc 2023) J Okumbor {app)in￿d l Jtm¢ 2023) J Begley (appointed 24 January 20241 M Sleigh (appoinied 10 May 2024) S Henshall (appoinied l June 2023 and resigncd 24 January 2024) T Hook (resigned 15 December 2023) R Quani (resigned 31 May 20231 A WTight (resigned 31 May 2023) N Peterkin {resigned l O May 2023) N J Dotniney Iresigrbed 31 July 2023) Secreiary.. J Mttchelmore lappointcd l Junc 2023) R Quant (rcsigncd 31 May 2023) This rcport has bccn prcparcd in accordance u'ith the small compantes, regime under thc Companics Act 2006. The charity operates undcr the name of the Wonford Community & Learninq Ccntrc Limited and is b&8cd ai the Wonford Communiry Ccntrc and thc Phocnix Suiie, IA'onford DisEriCI Centre, Wonford, F.xctcr. F.X2 6NF. Structlkre Mana ement & Governance The charity is governcd by thc Mcmorandum and Articles of Associaiion and is a company limitcd by Guaranlcc. The trusiees thai sen'ed during the period are 8ummari.sed above. There is a NTitteT] policy on training new In￿le¢s. Thc trustcc% look aftei differeni fimciions. Thc Trustccs hold mcelings every month and the financial situaiion is rcw)rtcd and discw8%ed at each meeting. Wc do not havc funds that arc in dcficil and oui N)licies and hiring charges are reviewed ei'ery 12 months. Maintcnancc of the main ￿[vIce$ and facililies is Larried oui by Exeler City Council on a regular basis. Thi5 serviLe irtLludes wa￿r checks, firL' alamis and firc cxlinguishcrs. cxl¢rior doors atd shullers. Our thanks go io the ¢entre manager and the volunteers for iheir hclp. Page 2

Wonford Community & Learning Centre Limited Trustees, Report Qbjectives and Activities Thc objcct of thc charily is io keep a communily cenire and Phoenix suile open for the benefit of the people of Wonford ar￿ Districi. The main role of the irustees is to secure the financial situaiion to kecp the ccntrc available for all those who wish to use it and to cnsurc wc comply with Cu￿¢￿1 and Icgislation_ Public Bcncfit Strtcmeni The trnstees Lonfinn that they have compllcd w'ith thc rcquircmcnts of scction 17 of thc Charitics Act 2011 to have due regard to thc public bcnefit guidancc publishcd by thc Charity Commission for F.ngland and Wales. Achievements and Perfomiance Throughout ?023 there were many problems with staffing issucs. The Trustccs have worked to address th¢s¢, and we now. have a gi>od structure in place, consisiing ot a (eam of Ihree pan lime sthff.. Administration Assislant . Carc¢akerlGenerdl Assislant CJener21 As%i51ani The centre has a loyal group of volunteers who are very hardworking and assisi with various tssks at both thc main centre and the Phoenix Suite. The Trustecs arc cxtrcTncly gratcful for all thciT hclp. During the pasi year we have instslled an online booking system. which has greatly enhanced business and PToduclivity. Membership fees were revised in ScptCTnb¢r 2023 and are now sei ts) ￿neW on an annual basis. The Tn￿leeS meet every month and keep in louch via cmail and a WhatsApp group. The centTe rnanagemeni team aIs0 kcep in touch via VI WhatsApp grow). Risk Mana emenl The trustecs ol the Wonford Commwiiry & Learning Centre Limited have CODsidered the major risks lo the chariry and its users and have sysiems in place to manage these risks. Reserves As at 31 March 2024. the charity held unrcstrictcd rcscTrcs of £11,621 (2023= £14,748) and regtricted reserves of £5.691 (2023= £1.420). Th¢ Truste¢5 moniior the leN'el of reseTr'es to ensure ihis rcmains approporatc for thc charity. The annual report w75 approved by the trustccs of the charity on .klJ izli.*.. and signed on its bchalf by.. M A5vachin Trnstee i￿h¢1M￿re Company Secrethry and Trustee Pagc 3

I'onford Community & Learning Centre Limited Statement of Trustees, Responsibilities The tnist¢cs {who arc also the direcioTS of Wonford CommunTry & Lcarning Ccntre Limited for the purposes of companN' la￿.} are respoll5iblc for preparing thc trustees, r¢port and the financial sta1cmen￿ in accordanLe with applicabl¢ law and Unitcd Kingdom Accounring Siandards (Uniied Kingdom Gcncrdlly Accepied Accounting Praclicel, including FRS 102 "Thc Financial Rcporting Siandard applicable in the UK and Republic of Ireland" Company law requires the trustees io prepare financial s(alcTTients for cach financial year. Under company law thc Irustccs must not approve the finanLial statemer]is wjless ihcy arc satisfied that ihey gil'e a trne and fair k'icw of thc stai¢ ijf affairs of the charitable company and of thc incoming resourccs and applicaiion of r¢sourccs, including lis incomc and cxpcnditUTe. of the charitsble company for p¢rto(L In preparing ihese ftnancial Slatcments, thc trnstccs are required to.. selcct suitable accounting policies and apply them consistcntly- ob8¢rYc thc wncth(MJs and principles in the Charities SORP- make judgements ond c5titnatcs that arc rcasonablc and prudeni. sthie whether applicable accounting standard4 ￿mprisIng FRS 102 have been followe4 subject io any material departures disclosed and explained in the financial ststcmcnts. and prepare ihe fIn￿lIa] 5tdtcmcnts OT) thc going concern basis unless it is inappropriatc lo prcsume that the Charl￿ble company will continu¢ in business. Th¢ ¢rustccs are responsible for keeping proper accourtling records that can disclose wilh reasonable accurdc), at any lime the financial position of the charitable company and enable ihcm to cnsurc thar rhe financial staiemenL8 coniply with the Companies Act ?006. Thcy arc also responsible for safeguardinE th¢ &s5cts of the charitsble compan}, and hcncc for tsking reasonable sieps foi the prci'ention and dctc£tion of fraud and i)Ihei irregularitics. Thc trusiics are resp)nsible for th¢ maintcnancc and intcgnry of the corporate and fjnancial inforniation includcd on thc chariiable compans's ￿'eb￿lIe. Legislatian g(TrNtrning ihe prcpAfAiinn And di55emin41150n of financial sta￿mentS may differ from legislation in other juri5diclions. Approved by the tThslees of the charity on iili.zlz*. and signed on its behalf by.. M Asvachin Trustee it¢hclTnorc Company secretary and trusfrc Pagc 4

Wonford Community & Learning Centre Limited Independent Examiner's Report to the trustees of Wonlord Community & Learning Centre Limited ('the Companv,) I report to the chan.ty tn￿leeS on my eXam1r￿On ol the accounts of the Compony for the year ended 31 March 2024. Re$ponsibilities and basis of report As ihe chariry's trustecs of the Company (and also its dIrec￿rS for thc PUTposes of company law} you are responstble for the prepardlion of the accounts in accordance wÉth the requirements of the Companic5 Act 2(K16 I'the 2006 Act.). Having satisfied myself that the accounts of thc Company ar¢ noi required to be audi￿1 under Part 16 of ihc 2006 Act and are eligible for indcpcndcnt cxaminaiiun, I report in respeci of my examination of your charity's accounts as Ca￿]ed out under seciion 145 of the Chariii¢s Act 2011 {'thc 2011 Act.). In carrying out my examinalion I have followed the Dircctions given by the Charity Commission UDder section 145151(b) of the 2011 Act. Independent examiner's staiement I have compleied my examination. I confirni that no matieTS hake wme to my al￿ntion tn connection with the examination giving mc causc to Ixli¢v¢'. accounting records were noi kcpi in respe¢1 of Il'onford Communiry & t￿ming Centre Limited as requircd by seciion 386 of the 2006 Act- or 2. the accounts do not accord with thosc Tecords.: or 3. the accounts do not comply Wkth the accouniing requirements of seciion 396 of thc 2006 Act other than any rcquircmcni thai Ehe ac¢outtLS give a 'uue and fair view, wkn.ch is not a mallcr con5idcrcd as pan of au indcpcndent examination. or 4. the accowits havc not been prepared in accordance with thc methimjs and principlcs of the Stslemeni of Recommended Practice for accounting and r¢portirtg by Lhariiies lapplicable io chariiics prcpariTJg thcir accounts in accordAn¢e with th¢ FtnanLial Rcponing Stsndard applicablc in th¢ UK and Republic of Ireland {FRS 102)]. I havc no concems and have come across no other matters in conncclion with ihe examina(ion ro which attention should be drawTr in thi5 rcport in order to endble d pri)per Unders￿ndIng of the accounts to bc reacl)ed. Dave Tucker FCCA Thompson Jenner LLP Chartered Accouniants I Ci)Ileton Crescent Excl¢r tkvon EX2 4DG Date-. Page 5

Wonford Community & Learning Centre Limited Statement of Fin2n¢i21 Actii'ities for the Year F.nded 31 March 2024 (Including Income and Eipenditure Account and Statemenl of Total Recognised Gains and Losse5 L nrestricted fund5 Restricted funds Total 2024 Note Income and F.ndoTrments from: D()nJtions and legbaLies Charitable actii'ities Oihcr trading aclivilies 312 48.106 10,166 10.478 48,106 444 Total income 48.862 10,166 59,028 Expenditure OD: Charitablc activities (51,494) 10,390) (57.884) Total cxpendinwe 151.4941 16.390} 157,%84) Nct {cxpcndiiur¢Vin¢ome Transfers between fi￿dS {2.632) 495 3.776 495 1.144 Nct movemeni sn funds (3.127) 4.271 1.144 Reeoneiliation of fund5 Tutdl funds broughi foTh'ard 14.748 1.420 16,168 Total tunds ca￿Led Iorward 11.021 5.691 The noies on pages 9 to 17 forni an hnlcgral part of thcsc financial siatements. Page 6

Wonford Community & Learning Centre Limited Statement of Financial Activities for the Year Ended 31 Nlarch 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Prior Year Cornparative Figures LTnresiricttd funds Restrieted fund5 Total 2023 'ote Income and Endowments from: Dondtions and legai1¢s Charitsble activiiies Oiher trading activities 12.(K15 I2.￿5 33.323 555 33,323 555 Total income 33,¥78 I1,￿5 45,883 Expenditure on: Raising fimds Charitable actii'ities 246) 49,9£21 {?46} 161,6191 (11,667) Total ¢xkKndiwr¢ 50.198 11.667) 61,JS65 Ncl lexpendirurevincome (16.3201 338 115,982) Net movemeni in funds (16,3201 338 {15,9821 Reconrlliation or runds Total fun(L8 brought f0Th￿rd 31,068 1,082 Total carried for¥wdrd 18 14.748 1.420 16,168 The nolcs on pagcs 9 10 17 form an inEegrdl part of these financial statements. Page 7

I'onford Community & Learning Centre Limited (Registration number: 05908666) Balance Sheet as at 31 March 2024 2024 2023 ote Fixed a55et5 Tangible assets 12 2.757 2,942 Current assets t)ehiors Cash at bank" and in hand 13 14 3,953 9,303 17,394 17,394 13,256 Credi¢or5: Amount5 falling due M"ithin one l'ear 15 12.8391 i.io) Net CUTrent 5set5 14.555 13,226 Net asset5 16.168 Funds of ihe charits.: Restrlcted Income fund5 Retstricted fund% 5,691 ,420 L'nrestricted income lund5 Llnrc%triilid fuiids 11.621 14.748 -l-otal funds 18 17,312 10.1fi8 For the finan¢ial year ending 31 March 2024 thc charity cnuilcd to exempiion from audii under section 477 of the Companies Act 2(K16 relating to small ¢ompanies. t)ircctors' rcsponsibililics.. ThL members have not Tequired the charity to obtsin an audii of its accounts for thc ycar in qucstion in accordance ￿1th seciion 476,. and The dirccloT5 acknowlcdgc thcir rcsponsibilitics for complying with thc requirements of the Aci with respect io #ccouniing rccords and thc prcpardtion of accounts. Thc financial statcmcnts on pages 6 to 17 were approved by the tn￿tees. and authorised for t8sue on I111￿.%.. and si¥ned on their behdifby- .As M AsvaLhin Trustcc J Miichelniore Coinpans. Secreiary and TrUs￿e The notes on pages 9 10 17 fomi an In￿gra] part of these financial ststetnents. Page 8

Wonford Community & Learning Centre Limited 'otes to the Financial Statements for the Year Ended 31 March 2024 I Chgrits. status The charity is limstrd by guardniee, incorpora￿d in F.nglatKI and Wales. and consequen(ly docs not havc sharc capithl. Each of the trustecs is liabl¢ ￿ Contribu￿ an amouni noi excecding £1 low'ards thc assets of the chariry in ihc cvcnt of liquidation. The addrcss of its registered office is= Wonford Communiry Hall and Phocnix Suite Wonford District Ccntr¢ Wonford Exctcr Dcvon EX2 6NF 2 AccountlDg policies Summar). of significant accounting policies and kev accounting estimates Thc principal a¢¢ouniing policies applied in thc preparation of the%e financial staiements are set out below. These ￿lIcleS have been consistcntly applied to all Ihe years presenied. unless otheN'ise ststcd. Statement of compliance The financial ststrmcnts. have been prepared in accordancc with Accountsn% and ReportinR by Charities: Statctncnt of Recommended Prdctice applicablc to charilics preparing their accounLS in accordance with the Financial Rep)rting Standard 102 and thc Companies Aci 20￿. Assets and liabilitses arc initially Tecognised at historical cost or transaction %'alue unless otherwise S￿led in thc rclc%'ant accounting ￿licY notels). Ba515 of prepar$tion Wonford Community and Lcarning Centre Liniited meets the definition of a public benefit entity under FRS 102. Assets and liabilities arc initially re¢o¥nised ai hislorical cosi or transaction value unlcss OthC￿l8e slated in the relevani accounting policy noies. Going concern The irustccs consider thai there are no matcrial unccrfaintics ahoui the charttys ability lo continuc as a going conccrn Tkor any significant areas of unccnainty that aff¢¢t th¢ canying value of assets held by thc charity. Income and endoThments All income is recognised once the clwi.ty has cntitlcmcnl to the Income, it is probable thai the income bc re¢¢ived and the amount of the inconic rcccivablc can be measwed reliably. Don￿1￿￿￿ and legacies Dona(ions arc rccogniscd when thc chariry has been noiificd in witing of both the amount and settlemeni date. In the event thaE a donaiion is subjecl lo condition5 thai require a lei'el of perfornwicc by thc charity b¢fore the chariry is entitlcd to thc funds, the income is deferred and not rccognised until either those conditions are fully mei. or the fulfilmeni of thosc conditions is u,holly within the conuol of the charity and il is probable that these condilions *'ill b¢ ￿lfIlled in ihe rewrting pcriod. Page 9

Wonford Community & Learning Centre Limited 'otes to the Financial Statement5 for the Year Ended 31 March 2024 Granls receivable Grants are recognised when the charity has an cnliilcmcnl to thc funds ond any conditions linked 10 the grants have been mei. Where pcrformancc conditions are attached to the grdnt and are yet to be meL the income is rccogniscd as a liability and included on ihe balance sheei as defcrrcd incomc lo bc rclc&%cd. Expenditure All cxpcndilute ig recognised once there is a legal or constructivc obligalion to thal ¢xp¢ndilure. li is probable scttl¢mcnt is required dnd the amount can be measurcd reliably. All cosLg are allocaÈed io the applicable cxpcnditurc h¢ading thai aggregate similar costs lo thai catcgory. Whcr¢ Costs cannot be direLily attributed to particular headings thcy havc been allocakd on a basis Consisient ￿'1th (he use of resources, with ccntral staff costs allocated on the basis of timc spcni. and depreciation charges allocaied on the ￿rtIOn of thc assct's use. Other sUPPOrt (OSL% are allocared based on the spread of stsff cosLs. Rai.sinKfuNds ThesL are Losts incurrcd in atirncting voluntary in¢ome, the managcmcnt of iDi'CStmcnts and those incurred in trading activitics that raisc fund5. Chfjri/ahle aciiiwiries Chdritsbltt expendiwre compriscs thosc cosL% incurred by ihe charity in ihe delivery of its activitics and %¢tvices for its bcncficiarics. It includcs both custs thai Lan be allocaicd dircctly ¢0 such actii'iti¢5 and (hose cosis of an indircct nature necessary to support them. Support costs Support cost% include ceniral functions and have been allocalcd io activiry cosl ¢aiegories on a basis consistent with the w%e of resources. for example. allocating property costs by floor areas, or per capita, staff costs by the lime spenr and other costs by their usage. Goi'ernaDce cos15 Thcsc include thc costs atiributhble io the charity's compliancc with constilulional and stsiutory requirements, including audi( strategic managernent and iruslecs mcctings and rcimburscd expenses. Tdx3tion The charity 18 con%idered to p&ss the iesis set oul tn Paragraph I Schedule 6 of the Finance Act 2010 and thercforc il mcets the definition of a charitable company for UK cotpofkiion lax purposes. Accordingly. the chartty is poteniially exempt from t&xalion in rcspcci of income or capiial gains received within catcgorics covcrcd by Chapiei 3 Part I l of (he Corporation Tax Act 2010 or Section 256 of the T&xaiion of Chargeable Gainq Act 1992, 10 the exlenl that such incomc or gains are applied exclusively to charitablc purposcs. Tangible fixed assets Indtvidu21 fixed asseis costing £1 IXI or morc arc initially rccordcd at l¢gs any subsequent accumulatcd depreciation and subscqucnt accumulatrd impaimieni losses. Depreciatlon and amortisation Deprecia(ion is provided on tangiblc fixed assets so ￿ to ￿TIte off the cosl or valuation. less any estimated residual valuc. over iheir expected useful economic life as follow's= Asset cla55 Plant and equipmeni Depreciation method and rate 2511/0 reducing balance basis Page 10

lvonford Community & Learning Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Trade debtors Trade debi(Trrs ate amounLS due from c￿￿rners for merchandise sold or services performed in thc ordinary course of business. Trade debtors are recogDRscd initially ￿ thc transaclion pricc. Thcy Jre subsequently measured at amonised cost using the effective inierest metho& Icss provision for impatmeni. A provision for the impairnieni of (rdde debtors is established when thcrc is objcctii'e ci'idence the clwiry will noi be able to colleci all amounts due according 10 ihe original iemis of the receik'ables. Cash and cash equivalents Cash and cash equivalents comprise cash on hatKI and call de￿s1￿, and other short-lcrm highly liquid investments that are readily coni'crtiblc io a known amounl of cash and or¢ subJ￿l Lo an insignifiLant risk of change in value. Trade creditors Trade creditors are obligalion5 to pay for g(K>dg or sen'ices that hal'e been acquired in the ordinary course of busincss from supplier5. Accounts payable are classified as current liabilities if ihe charity does not have an unconditional right. ai the end of the reporting pcrioQ to dcfcr scttlcmcnt of thc crcdiLor for at Icasi N-clve months after thc rcw)rting dai¢. If there i% an uncondiiional right to defer settlement for at least twelve monihs after the reporting dale, they are presenied as non-currcnt liabiliiics. Trade credi￿rS are recognised iniiially at the trdnsaction pricc and subscqucntly mcasurcd at amortiscd cost ling thc effeLLivv iTrleTfSL In¥th(Ml. Fund structure Unrcstrictcd income funds are generxl funds that are available for usc at thc trustccs discretion in furtherJnce of the objcctives of the chartry. Rcslrictcd income funds are ihose donaied for use in a particular area or for spccific purposcs, thc ￿ge of which is rLs(ricted to that area OT PUTPOSC. Page 11

Il'onford Community & Learning Centre Limited l%otes to the Financial Statement5 for the Year Ended 31 Nlarch 2024 3 Income fTOrn donation5 and le%acies Lnrestricted funds Central Restricted funds Toisl funds GranL%, including capitsl grants. (irants rcccivcd 312 10.166 10.478 Total foT 2024 312 10.166 10,478 Total for 2023 1 ?.005 12,(M)5 4 Income from eharitable actii'ities Lnresiricted funds General Total funds Hall income 48,106 48.106 Total fthr 2024 48.106 48,106 Total for 1021 S Income from other trading actlJ'ltie5 LTnrestrlcted funds General Total funds Mcmbcrship subscriptions 444 444 Total for 2024 444 444 Total for 2023 555 555 Page 12

Wonford Community & Learning Centre Limited Notes to the Financial Statements for the Year Ended 31 Nlarch 2024 6 Eipenditsre on charitble actib'ities Unrestricted fund5 General Restricied funds Total fund5 Allocatcd supwTrr1 ¢OSts Governance costs 48.554 2.940 6.390 54,944 2,940 Total for 1024 51.494 6.390 57.884 Total for 2023 49,952 11.667 61,619 7 Anall'sis of goveTnJnce and $upport eosts Charliable •¢tiiiries expenditure Unresiricted Total 2024 Total 202_1 General Restrieted Wages atml salaries Reni 23.154 23,154 6.215 24,319 4,679 6.605 319 6215 Rates Water rat&s LighL heat and p)weT Insurance Alam Telephone and f&K Rcpair5 and reneu'als PRS 128 10,311 128 10.311 2.697 2.093 2.329 2.697 2,093 2,329 1.066 1.705 924 4,n37 2,007 2,702 Cl¢Jning Dcprc¢iaiion Sundry ¢xpens Governancc costs (anxlysed IKlow) 1.705 749 892 175 983 2.713 1,2(Ml 3.278 2.940 ?.940 51,494 6.390 57,884 61,619 Of the above expendilure £51,49412023.. £49,952) was unrestricted and £6,390 {2023.. £11.667) was restricted. Page 13

Il'onford Communitv & Learning Centre Limited INotes to the Financial Sialemenls for the Year F.nded 31 Nlarch 2024 Goi'ernance Costs Unrestrlcted funds General Total funds Independcni examinei f¢e Examination of thc financial statcmcnts 2,940 2,940 Total for 2024 2.940 2,940 Total for 2023 1.2(M) 1,2(K) 8 Trustees remyneration and expenses During the year the charity made the following trdnsaciions u'ith [n￿lees. Thrcc trustecs were reimbused a iotal of £294 (2023.. £nil) in expenses relkting to rcpairs and rcncwals for ihc chariry. No trustres, nor any persons cOnneC￿d with thern. havc received any remunerdiion from the charity during ihe yLdr. Nv trust¥gs hdve ieceiN'ed any oth¢r bcn¢fJis from thc charit). during thc ycar. 9 Staff costs The monthly av¢ragc numbcr of persons {including senior managemeni I leadership *am} cmploycd by the charity during the year expressed as ￿1] lim¢ cquivalcnts was as follows.. 2024 2023 Av¢ragc number of cmployccs No employee received emoluments of tt￿re than £60.(MM) during thc ycar. 10 Independent eIaminer's remuneration 2024 2023 Examination of the financial sratrments 2,940 I l Taxation The charity is a registered chartty and is therefore exempi ITOM tsxaiion. Page 14

Wonford Community & Learning Centre Limited Notes to the Financial Statement5 for the Year Ended 31 March 2024 12 Tangible fixed asset5 Plant and equipment Total Cost Ai l April 2023 Additions 14,892 739 14,892 739 At I l March 2024 15,631 15,631 Depreci2tlo Ai l April 2023 Charge for the year 11,950 924 11,950 924 At 31 March 2024 12.874 12.874 Net book i'alue Ai 31 March 2024 2.757 2,757 Ai 31 March 2023 2.942 2,942 13 Debtors 2024 2023 Trade deb￿lS 3.953 14 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 79 17,315 133 9,170 17,394 9,303 15 Creditors: amounts falling due T4lthln oDe l'ear 2024 2023 Other Creditors 313 Pension scheme creditor Accruals 25 1,501 30 2.839 30 Page 15

Wonford Communitv & Learning Centre Limited l%otes to the Financial Statements for the Year Ended 31 March 2024 16 Relsttd parh. transactions Thcrc wcrc no rclatcd party transactions in the yeaT. 17 Anali'5is of nel 355et5 bets'een fund5 L nTeslricted funds General Tolal funds at 31 IlaTch 2024 Restricted funds Tangible fixed assets Current asseis Current lidbiliiie 2.232 17.394 l?.R39) i25 2,757 17.394 12.8391 Total nei assets 16,7X7 17.-312 L nrestricied funds GeDeral Total funds 2¢ 31 ,Ilarch 2023 Reslricted funds Tangible fixed assets Curreni assets Currcnt liabilitics 2.242 12.536 {301 700 2.942 13,256 301 720 14.748 1,420 16.168 18 Funds Balance at 31 Nlxrch 2024 Balance at April 2023 Incoming resources Resources e¥pended Transfers UnTe5tricted funds Unrestri¢ted funds gcT)cral 14,74S 411.162 {51.4941 14951 11.621 Restricted fllnds Restricled iunds .420 10.166 {6.3901 495 5.691 Total funds 16.16K 59.028 57.X114) 17.312 Page 16

Wonford Communitv & Learning Centre Limited I%otes to the Financial Statements for the Year Ended 31 Nlarch 2024 Balance at I .4pril 2022 Incoming re50vrces Resources expended Balance at 31 lgrch 2023 Unre51ricted fund5 Gentrol Unrestricied fimds general 31,068 33.878 {50,198) 14,748 Reslrlcted Restricted funds I,OX2 11.667) 1,420 Total funds 16.168 The specific purp)scs for which the funds are to be applied are as follows". Unrestricted funds are funds available ai the m￿leeS discretion for fiutheTancc of the charitsble objectives. Rcslncted funds relate to the grdnts received from EXc￿r City, Cowicil and Dcvon County Council in respeci of rcnt, rates. a compu￿. blinds. a nolicc board and to put tOWdr(ts upgradingi the Phocnix Suitc kI￿hen. £495 was transferred from unrestyicted filnds ￿ restricted fvnds io coi'er the shortfall in rcnl. Page 17