## **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**<br>**and voted onto the Board in**<br>**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 charit*ble 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 ¢xpen*s
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 charit*ble 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 ¢xpen*s
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