2023-03-31-accounts - The Emerald Centre

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			Michael Walker
			Noel Melvin
			Stephen Ashley
			Robert Berryman
			Teresa Spilsbury
			Declan M«Nicholl
			Diane Cank
Secretary			Noel Melvin
Charity number			1119027
Company	number		06028027
Principal	address		450Gipsy Lane
			Leicester
			LESDTB
			450 Gipsy Lane
			Leicester
			LE5 OTB
Independent		examiner	Thomas Mayfield	BA ACA
			Mayfleld BCo (Accountants)		Ltd
			2 Merus Court
			MerIdian Business	Park
			LeIcester
			LE192RJ
Bankers			Allied Irish Bank
			Direct Banking
			P0Box73306
			London
			W5 9PB
Solbdtors			Barlow Poyner Foxon Solicitors
			1Berridge Street
			Lekester
			LE1SJT

				Pace
Trustees report				1-7
Independent	examiner's		report
Statement of	financial	actlvltles		9-10
Balance sheet
Notes tothe flnanclal		statements		12-24

Current Funding Model ofthe Emerald C	entre
The Emerald Centre has been sustainable	throu	h obtainin	fundi	from five fundi streams:
			Revenue	for salaries, overheads	and actIvities to m
			eeds
Philanthropists/Trusts			Revenue	for salaries, overheads	and activities
Premises Lettings			Bar lounge, training room, football pitches
cial Enterprise —Licensed Bar			Revenue	from sale ofbeverages
Donations/Fundraising			avenue	from social Income and	luncheon	clubs

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1	Accounting pogdes					(Continued)	(Continued)
1.5	ExpendIture
	Expenditure is recognised once there Isa legal	or constructive obligation to	transfer	economIc benefit to a		third party, It
	Is probable that a transfer ofeconomic benefits wgl be required In settlement, and the amount of				the obligation		can be
	measured regably.
	Expenditure Is classified by activity. The costs ofeach activity are made up		ofthe total ofdirect costs and			shared	costs,
	including support costs Involved ln undertaking	each activity. Direct costs attributable to a single			activity	are allocated
	directly to that activity. Shared costs which contribute to more than one activity			and support	costs which are not
	attributable to a single activity are apportIoned	between those activities on	a basIs consistent with		the use	ofresources.
	Central staff costs are allocated on the basis of	time spent, and depreciation	charges	are allocated	on the portion		ofthe
	asset's use.
	All expenditure Is accounted for on an accruals basis and has been classified under headings that aggregate all costs
	related tothe category.
	Support costs are those costs incurred directly	In support of expenditure	and the	objects of the	charity.	Governance
	costs are those incurred in connection with	administration of the charity and compliance, with constitutional					and
	statutory requirements.
1.6	Tangible fixed assets
	Tangible fixed assets are lnltlagy measured at cost and subsequently measured at cost or valuation,				net of	depreciation
	and any impairment losses.
	Depreciation Is recognised so as to write off the cost or valuation of assets less their residual values over their						useful
	Eves on the fogowlng bases:
	Motor vehIcles	10%straight line
	The gain or loss arising on the disposal of an asset Is determined as the difference between the sale proceeds and the
	carrying value ofthe asset, and is recognised In	the statement ofRnancial activities.
1.7	Impairment offhed assets
	At each reporting end date, the charity reviews	the carrying amounts of its	tangible	assets to determine whether			there
	is any indication that those assets have suffered an impairment loss. If		any such	indication exlsls, the		recoverable
	amount ofthe asset is estimated in order to determine the extent ofthe impairment			loss (Ifany).
1.$	Cash and cash equivalents
	Cash and cash equivalents Include cash In hand, deposits held at call with		banks, other short-term gquld			Investments
	with odiglnal maturltles ofthree months or less, snd bank overdrafts. Bank overdrafts are shown				within borrowlngs in
	current liabilities.
1.9	Flnsndal Instruments
	The charity only has financial assets and fInancial llabgities of a kind that		quagfy as basic financial Instruments.				Basic
	financial Instruments are Initially recognised at	transaction value and subsequently		measures at their settlement			value
	wIth the exception of bank loans, which are	subsequently measured at	amortlsed cost using the effectIve Interest
	method.

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		Unrestricted	Unrestricted
		funds	funds
		general	general
		2023	2022
		6	6
ENTER LINE DESCRIPTION VIA DATABASE		12,923	5,575
Other income		15,445	18,231
Field Income		2,379	2,621
Rent		7,500	2,500
Management	charges	2,500
Fund raising		40,747	23,927

Unrestricted	intel
funds
general
2023	2022
	E
7,347

		2028	2022
		Number	Number
Direct charity	workers
Employment	costs	2028	2022
		5	5
Wages and salaries		84,740	98,012

Tangible fixed assets
			Malar vehicles
Cost
At 1April 2022			63,841
Dlsposals			(28,841)
At31March 2023			35,000
Depreciation and Impairment
At 1April 2022			34,188
Depreciation charged	In the year		3,500
Eliminated in respect	ofdisposals		(20,188)
At31March 2023			17,500
Carrying amount
At 31March 2023			17,500
At 31March 2022			29,653
Debtors
		2023	2022
Amounts faglng due	within one year.	6	6
Other debtors		10,738	11,222
Prepayments and accrued income		4,504	4,519
		15,242	15,741
Crmlltors: amounts faglng due within one year
Other taxation and social security			1,361
Trade creditors			1,536
Other creditors		566	142
Accruals and deferred	Income	5,388	13,525
		5,958	16,564

Other taxation	and social security	and social security
Trade creditors
Other creditors
Accruals and deferred		Income

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				Movement	In		Movement
				funds			funds
			aalanaa at	Income		aabnm at	Iacallla	aaianca at
			1Apc» 2022			2April am		31march 2323
			E		E	E		E
Contingency	Fund		20,000			20,000		20,000
General Maintenance		Fund	7,281			7,281		7,281
			27,281			27,281		27,281

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