cereour _ Annual Report We are very grateful to our funders:2023-20 6 Pond Street, Kirkby In Ashfield, Nottingham. NG17 7AH 188), abana nae 2 4 County Counci
Minibuses, Shoppers, Ring & Ride Cosy Mosey walking group Cosy Cuppa No of walkers: 44 Vehicles: 12 Many thanks to Jane Pollard for Attendance : 188 facilitating these meetings and to Miles: 53.989 Trips : 10 Wendy Scott and Glenys Sage for Passenger boardings: 36,844 making the refreshments/washing Big thanks to Ian, Jean , Sandra and Gary for Group Members: 84 pots etc. A lovely social group for expertly arranging , delivering and caring for Individual Members: 724 people at risk of isolation and in our cosy moseyers . If you can’t keep up need of good company. Transport to meet individual with everyday walkers, Cosy Mosey is for you. Sessions: 46 Attendance: 980
Tel: 01623 753192 Email: ourcentre@hotmail.co.uk Website: www.ourcentre.org.uk 28 Registered charity no: 1119588 Company No: 5956771 Report by the Chair of Trustees Facebook: Ourcentre.Centre.3
Funding and Donatons received from: Caring Codgers Nottinghamshire County Council, Ashfield District Council, Cllr Andy Meakin, Awards For All, Co-op, Community Matters, JN Derbyshire and Many thanks to Betty Bostock who many individuals and group members of Our Centre. facilitatedthisgroup.Duetoher sadfacilitatedthisgroup.Duetoher sad passing this group fizzled out back in members: Matt Pike, Elden Skinner, Jay Osmond, Ian Craske, Jen October 2023. Betty ran this group for decades, for which we will be forever
Looking back over the last 12 months this has been a year Caring Codgers Nottinghamshire County Council, Ashfield District Council, Cllr Andy that has seen many changes. As is so often the case Board of Trustees Meakin, Awards For All, Co-op, Community Matters, JN Derbyshire and Many thanks to Betty Bostock who several staff have come and gone. Angie had planned to Chairperson: Mr Paul Williamson many individuals and group members of Our Centre. facilitatedthisgroup.Duetoher sadfacilitatedthisgroup.Duetoher sad take more of a back seat in the day-to-day running of the passing this group fizzled out back in Vice Chair: Helen Williamson centre but this only lasted about 48 hours before she was Staf members: Matt Pike, Elden Skinner, Jay Osmond, Ian Craske, Jen October 2023. Betty ran this group for Treasurer: Mrs Pauline Stojanovic back at her desk. She is still very much involved with the decades, for which we will be forever Hannant, John Blount, Lindsay Craske, Adrian Rowe, Paddy Ryan, Debbie management but a number of colleagues have picked up grateful . Trustees: Mr Alberto Rovido Beck, Michael Timmins, John Berridge, Martin Atherton and Angie certain aspects of her former role. The workload is always Peppard. Ms Christina Rowe increasing and I would like to acknowledge the hard work that goes on in the background to cope with whatever Mr Rob Barker Voluntary Car Scheme Wheelchair Hire Seated Exercise comes our way. Many thanks in particular to Matt, Elden, Miles covered: 76.345 Weekly chair based exercise sessions at Our Mr John Knight Paddy and John whose main task is the organisation of Number of hirings: 112 Centre followed by refreshments. Helen, the transport. As a result of their efforts everyone knows Journeys: 6,557 These are hired for a day/ Pauline and Sue have developed these fast Mr Martin Atherton where to be and what to do. I should like to thank Matt Trips: 7,145 weekend/week/month, for all growing groups with love and kindness and we Cllr Warren Nuttall - ADC representative for all his hard work on the finances, particularly in these sorts of reasons from health couldn’t ask for more. Huge appreciation to Thank you to all our amazing Margaret for covering in emergencies. Mrs Gillian Welch - Community Engagement Officer difficult economic times. We would also be lost without appointments, holidays, volunteer car drivers for giving back Sessions: 90 the efforts of Elden to keep our fleet of buses on the road weddings and long term Appointed Examiner of Accounts: to the community with your time Attendance: 1,090 and to fill in for drivers when necessary. Paddy and John and commitment . Community Accounting Plus are indispensable in organising the rotas for our drivers. Volunteers: Chris Rowe, John Bower, Dave Millard, Paul Williamson, Andy Jones, Don We are also indebted to our volunteers, without whom Glad Rags Ward, Glen Smith, Rob Barker, Eileen Ryan, Martin Atherton, Helen Williamson, Gill Interesting facts about our last financial year: Our Centre could not function. Thank you to: those who Charity shop only made possible Welch, Eileen Lawrence, Mike Burn, Betty Bostock, Iris Topley, Ian Craske, Doreen Total expenditure = £ 370,941.51 work in our shop, Gladrags, which has been a very through our team of wonderful Smith, John Smith, Jane Pollard, Sandra Shooter, Dave Rothery, Pauline Stojanovic, Fuel costs for buses = £27,423.02 successful venture and brings in extra revenue, those who volunteers. Thank you to John, Alberto Rovida, Jean Toseland, Anne Morecroft, John Turner, Gary Chauntry, Geoff Insurance for buses and buildings = £12,264.35 run the seated exercise groups, those who organise, Cosy Doreen, Ann, Denise, Janice, Ware, Alan Kelly, Jayne Harwood, Chloe Smith, Jeff Thomas, Lexey Smith, Jean Craske, Bus MOT’s, repairs & maintenance = £22,982.80 Cuppa, Cosy Mosey and all the other activities we Glenys, Chris, Martin, Margaret, Pete Kent, Libby Waterfield, Rebecca Berridge, Margaret Smith x2, Sarah Smith, Dave Sarah, Chloe and Lexey. Bramwell, Glenys Sage, Wendy Scott, Andy Jones, John Faulkner, Denise Barker, Bank fees & card machine = £1634,42 provide. Last December we held our annual Christmas Susan Burn, Jim Tobias, Kevin Skinner, Jim Williams, Janice Bostock, Sandra Musson, Hospitality-tea/coffee/sugar etc. = £1726.62 event at a new venue in Hucknall. Angie organised all the Well done all of you. Ann Schofield, Rikki Knight, Sue Herrington, Audrey Barnes, and last but not least Min wage salaries, NI & pensions = £83,878.08 entertainment and catering, with lots of help and the Sally Anne Kent. drivers provided the transport both ways. We very much Our Centre is committed to promoting and valuing equality & diversity in all of its activities. We welcome and celebrate We’re not flash but we’re appreciated everyone’s efforts in participating in the the diversity of the communities and are strongly committed to achieving equal opportunities and access for all people and groups in fearless, friendly and entertainment on ofer. ~~I~~ would like to send my personal society. Equality & diversity is the cornerstone of all of our policies and procedures. We are proud of the actions we take to eliminate thanks to the members of the Board of Trustees who fabulous! discrimination and prejudice to ensure inclusion and engagement for all the people who work and volunteer with us or wish to use our meet on a regular basis in order to discuss, plan and make services. We will continue to strive towards a culture that is diverse and which recognises and develops the potential of all our staff, decisions on future volunteers and service users and we will go above and beyond the minimum legal requirements in order to achieve this. ~~_~~
MANAGER’S REPORT
In my 32 years here, many staff, volunteers and trustees have died; the most recent being our beautiful Helen Williamson and Barry Clarke, rest in peace all of you, you have left your mark.
So, what has this past year brought? Funding has allowed us to purchase solar panels, exterior insulation, a van, accessible shop door and shutter, shelves, clothes rails etc. Lack of funding meant that sadly, we said goodbye to Lindsay Craske, who was just getting into her stride. Increased cost of living has been responsible for a year of anxieties, hard decisions and finally acceptance that changes must be made. Prices had to be elevated to protect our services and activities; never a popular move but most people were expecting it and understood. We are still battling to get recognition from whoever allocates funding in the NHS. Our Centre has been delivering and returning people to hospitals like Kings Mill, Newark , Mansfield Community, City and Queens Med; to GP’s appointments throughout Ashfield and Mansfield and to other health services since 1981 without a smidgeon of funding from any health service. We are always under staffed, always overworked and often exploited and I know this because I see it and it hurts so much. A huge decision for me was to step down as centre manager, but I always thought I’d know when it was the right time to make way for the young guns and the time is now. Matt and Elden will seamlessly pick up where I left off and no-one will notice I’ve gone, especially if they spill lots of drinks on their paperwork, be disruptive, make a lot of noise, have little or no regard for health and safety, have messy desks [Elden’s already rocking that one] … oh and look gorgeous at all times!
It’s not all been a bed of roses as I’ve encountered bullying, intimidation and physical and emotional abuse, which is now perceived as coercive behaviour but I have mostly met crazy, wonderful people who have enriched my life and given me infinite moments of joy and laughter and these latter moments are the ones I’ll forever remember and keep in my heart. So keep the faith everyone: Our Centre will flourish while there is passion driving it and we have that in shed loads with Matt, Elden, Paddy, John, the drivers and the volunteers.
I can’t forget our members because without you all, we wouldn’t be needed. So thank you for the support, the fun, the moments that are pure surrealism, the tears, the hugs, the appreciation and gratitude. You’ve made my life hell!
Seriously, I’ve had the best job, the best time and made the best friends, so thank you all for giving me the time of my life.
Love Angie xx
QuickBooks information inputted and coordinated expertly by Matt Pike
Company registration number: 05956771 Charity registration number: 1119588
Our Centre
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Our Centre
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 to 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 19 |
Our Centre
Reference and Administrative Details
Trustees Paul Williamson, Chair Helen Williamson, Vice Chair Pauline Stojanovic, Treasurer Rob Barker Christina Rowe Alberto Rovida John Knight Martin Atherton Charity Registration Number 1119588 Company Registration Number 05956771 Registered Office 6 Pond Street Kirkby-in-Ashfield Nottinghamshire NG17 7AH Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
Our Centre
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2024.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Paul Williamson, Chair Helen Williamson, Vice Chair Pauline Stojanovic, Treasurer Rob Barker Christina Rowe Alberto Rovida John Knight Martin Atherton (appointed 18 October 2023)
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 5 October 2006. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
Recruitment and appointment of trustees
Vacant positions are advertised on the Our Centre website, the Our Centre newsletter, local radio, in community centres, libraries and on social media. All applications are presented at a Trustee Meeting with their proposals and this is followed up with an induction meeting and training if appropriate.
Objectives and activities
Objects and aims
To support Kirkby-in-Ashfield and the wider community with services to aid healthier, independent lifestyles and ease isolation, financial hardship and well-being.
(a) act as a recruiting agency for volunteers and provide them with an advisory and pastoral service to encourage their goodwill and stimulate their efforts;
(b) provide a central resource of advice and information for persons willing to undertake voluntary service and for voluntary and statutory organisations;
(c) provide a community transport service, including a voluntary car scheme, for such of the inhabitants of Kirkby and the surrounding area, who are in need of such a service because of age, sickness or disability (mental or physical), or poverty, or because of a lack of availability of adequate and safe public passenger services; (d) relieve financial hardship by the recycling and provision of furniture, clothes and other household items; and (e) provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
Page 2
Our Centre
Trustees' Report
Public benefit
Community transport via fully accessible minibuses and a voluntary car scheme, volunteer recruitment and support, wheelchair hire, walking groups, chair based exercise groups, self help groups, social groups, recycling of clothes and other household items, shopper services and a resource centre.
These activities increase skills and confidence, reduce isolation, enhance physical and emotional well-being and promote good mental health.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
Employing a supervisor on a short term contract to oversee GladRags and kick start the work needed;
Completely renovating part of the building to use as a Charity Shop, using volunteer students from West Notts College, new shelves and boarding and payment base;
New logo and signage, plus leaflet and flyer updates and improvements [all free work];
Exterior insulation added to outside of Our Centre building;
Solar panels installed to Our Centre building;
Caddy Cargo van purchased for GladRags collections and deliveries;
A reliable bank of volunteers to open and run GladRags every weekday;
Installation of a electric door at GladRags, enabling better access for wheelchair and mobility scooter users;
Another hugely successful Christmas Show;
Offered practical and emotional support for our Chair and his wife and two volunteers going through intensive cancer treatments;
Continuing our seated exercise classes thanks to the fabulous commitment of our Treasurer.
Page 3
Our Centre
Trustees' Report
Financial review
Currently our financial position remains stable but doesn't necessarily show in the figures due to lots of funding for capital having to be spent before the end of the financial year.
We have increased prices this year, which we haven't done for several years. However, fuel costs have been extortionate, leaving us no option but to charge a bit more.
Policy on reserves
The Trustees have established a reserves policy to ensure that adequate funding be kept in reserve in the event that Our Centre ceases to be viable. The level of reserves is reviewed annually and adjusted appropriately by the management committee. The charity currently has reserves to cover three months running costs.
Principal risks and uncertainties
Financial risks
Loss or reduction of funding, replacement of minibuses, cost of living crisis.
Acknowledgements
Special thanks to our funders, staff and volunteers and the community for supporting the work we do.
Page 4
Our Centre Trustees, Report Statement of Responsibilities The IrLlStees (who are also the director5 of Our Centre for the purposes of company law} are responsible for preparing thc trLislees' report and the financial statetnents in acLordance with applicablc llw and United Kingdom Accounting Standards (Unitcd Kingdom Gcnerally ALcepled Aceoiinting Practic¢), including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and accoiints bav¢ been prepared in accordance with the provisions in the Companies Act 2006 relating lo small companies. Compaiiy law requires the trustees lo prepare financial statements for eacli finaiicial year. Under company law the trustees must not approvc the financial stalenienls unless they are satisfied that they give a true and fair view of the slate of affairs OF the charitable company and of the incoming resoLirces and application of resources, incliiding 11$ income and expenditure, of the charitable company for that period. In preparing these financial statem¢n15, the trLlStees are reqiiired to.. select siiilable a¢¢oiinting policies and apply them consistently. obs¢rve the ineihods und prin¢iples in the Cliarilies SORP; make judgements and estirn&les that are reasonable and prudent. stale wlieiher applicable accouiiling slaiidards, comprising FRS 102 have been followed, siibject to any nialerial departures disclosed aiid explained in the financial slalemenls., and prepare the financiÈil staleinents on Ilie going concem basis iinless il is inappropriate to presume that the charitable company will continiie in biisiness. The trustees are responsible for keeping proper accounting records that can disclose with reasoiiable accuracy at any limc the financial position of Ilie charitable company and enable thein lo ensure that Ilie financial slaleineiits comply with the Coinpanies Act 2006. Tliey are also responsible for safeguarding Ilie assets of Ilie charitable company and hen¢¢ for lakiiig reasoiiable steps for Ilie preveiilion and detection of fraud and other l¢¥u1ar1IIe5. The Iruslees are responsible for the niaiiileniin¢e and integrity of the corpor¢lte and finiincial infomialion incliided on the charitable company'5 website. Legislation 8overnin8 the preparation aiid disseminatioii of financial stalemcnls muy differ from legislation in other jurisdiclioiis. Small companies provision statement This report has been prepared in accordance with the small coinpanies regime under the Companies Act 2006. The annual report Was approved by the tNsl¢es of the charity on .................... and signed on its behalf by.. Paul William50n Trustee Page 5
Our Centre
Independent Examiner's Report to the trustees of Our Centre ('the Company')
Independent examiner’s report to the trustees of Our Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
aT ...................................... John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL Date:............................. OP/O7/24
Page 6
Our Centre
Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Other trading activities 5 Investment income 6 Other income 7 Total Income Expenditure on: Charitable activities 8 Total Expenditure Net expenditure Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 21 |
Unrestricted £ 19,561 8,038 12,404 1,697 8,700 50,400 (55,913) (55,913) (5,513) (23,124) (28,637) 260,006 231,369 |
Restricted £ - 283,200 - - - 283,200 (304,047) (304,047) (20,847) 23,124 2,277 47,550 49,827 |
Total 2024 £ 19,561 291,238 12,404 1,697 8,700 333,600 (359,960) (359,960) (26,360) - (26,360) 307,556 281,196 |
Total 2023 £ 9,531 245,917 4,820 1,591 338 |
|---|---|---|---|---|
| 262,197 | ||||
| (295,705) | ||||
| (295,705) | ||||
| (33,508) - |
||||
| (33,508) 341,064 |
||||
| 307,556 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 21.
The notes on pages 10 to 19 form an integral part of these financial statements. Page 7
Our Centre
Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
These are the figures for the previous accounting period and are included for comparative purposes
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Other trading activities 5 Investment income 6 Other income 7 Total Income Expenditure on: Charitable activities 8 Total Expenditure Net (expenditure)/income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 21 |
Unrestricted £ 9,531 7,851 4,820 1,591 338 24,131 (61,319) (61,319) (37,188) (19,509) (56,697) 316,703 260,006 |
Restricted £ - 238,066 - - - 238,066 (234,386) (234,386) 3,680 19,509 23,189 24,361 47,550 |
Total 2023 £ 9,531 245,917 4,820 1,591 338 |
|---|---|---|---|
| 262,197 | |||
| (295,705) | |||
| (295,705) | |||
| (33,508) - |
|||
| (33,508) 341,064 |
|||
| 307,556 |
The notes on pages 10 to 19 form an integral part of these financial statements. Page 8
Our Centre (Registration number: 05956771) Balance Sheet as at 31 March 2024 2024 2023 Note Flxed assets Tangible assets 14 214,749 201,982 Current assets Debtors Cash at bank and in hand l5 16 4,539 66,297 2,606 105,572 70,836 108,178 Creditor5: A Tnounts fnlling due within one year l7 4,3 89) 2,604) Net current assets 66,447 105,574 Net assets 281,196 307,556 Fund5 of the ehllrlty: Restrlcted income funds Reslricled fiinds 49,827 47,550 Unrestricted income funds Unr¢slricled funds 231,369 260,006 TotMI fund$ 281,196 307,556 For the financial year eiidiiig 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities-. The members have not reqiiired the charity lo obtain an audit of its accounts for the year in question in accordaiice willi sectioii 476., and The directors acknowledge their responsibilities for complying with the requirements of the A¢t with respect to accounting re¢ords and the preparation of accoiints. These financial slaletnenls have been prcpared iii accordance willi tlie special provisions relating lo companies subject lo the sinall ¢oinpunies regiine wiiliiii Part 15 of the Coinpanies Act 2006. The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on !/o?/z¥ and sigiied oll their behalf by.. Paiiline Stojanovic Tnistee The notes on pages l O 10 19 fomi an integral part of these financial statements. Page 9
Our Centre
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Our Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Exemption from preparing a cash flow statement
Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 10
Our Centre
Notes to the Financial Statements for the Year Ended 31 March 2024
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life on a straight line basis as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Land & buildings | 3% |
| Fixtures & fittings | 10% |
| General equipment | 20% |
| IT equipment | 33.3% |
| Motor vehicles | 20% |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Page 11
Our Centre
Notes to the Financial Statements for the Year Ended 31 March 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.
2 Income from donations and legacies
| Donations and legacies; Donations from companies, trusts and similar proceeds Grants, including capital grants; Government grants |
Unrestricted funds General £ 13,741 5,820 19,561 |
Total 2024 £ 13,741 5,820 19,561 |
Total 2023 £ 6,781 2,750 |
|---|---|---|---|
| 9,531 |
3 Income from charitable activities
| Activities General administration Grants & donations Wheelchair & room hire Registration Transport fares & hire |
Unrestricted funds General £ 4,118 91 - 449 3,380 - 8,038 |
Restricted funds £ - 12,666 112,374 - 1,060 157,100 283,200 |
Total 2024 £ 4,118 12,757 112,374 449 4,440 157,100 291,238 |
Total 2023 £ 3,862 2,927 80,150 448 4,721 153,809 |
|---|---|---|---|---|
| 245,917 |
Page 12
Our Centre
Notes to the Financial Statements for the Year Ended 31 March 2024
| 4 Grants & donations Nottinghamshire County Council Ashfield District Council Co-op Community Fund National Lottery Community Fund Community Matters Fund J. N. Derbyshire Trust Notts Community Foundation Sundry grants & donations 5 Income from other trading activities Trading income; Sale of donated goods (Glad Rags shop) Fundraising 6 Investment income Interest receivable and similar income; Interest receivable on bank deposits 7 Other income Rental income |
Unrestricted funds £ 4,820 1,000 1,191 - 6,595 4,000 500 1,455 19,561 Unrestricted funds General £ 9,682 2,722 12,404 Unrestricted funds General £ 1,697 Unrestricted General £ 8,700 |
Restricted funds £ 37,561 16,000 - 58,813 - - - - 112,374 Total 2024 £ 9,682 2,722 12,404 Total 2024 £ 1,697 Total 2024 £ 8,700 |
Total £ 42,381 17,000 1,191 58,813 6,595 4,000 500 1,455 |
|---|---|---|---|
| 131,935 | |||
| Total 2023 £ 4,434 386 |
|||
| 4,820 | |||
| Total 2023 £ 1,591 |
|||
| Total 2023 £ 338 |
Page 13
Our Centre
Notes to the Financial Statements for the Year Ended 31 March 2024
8 Expenditure on charitable activities
| Activities & supplies Card machine & bank charges Glad Rags shop costs Cleaning Depreciation Subscriptions Hospitality IT software & consumables Training Legal & professional Insurance Payroll service Premises maintenance Equipment, repairs & renewals Rent, room hire & utilities Printing, stationery & postage Sundry expenses Telephone & internet Vehicle running costs & insurance Volunteer expenses Wages, NI & pension |
Unrestricted funds General £ 269 140 - 59 18,357 25 454 67 - 289 966 143 113 22 312 188 1,604 222 - 335 32,348 55,913 |
Restricted funds £ 80 1,494 158 386 7,781 - 1,273 266 - 1,767 - 1,184 11,902 2,068 3,656 1,004 - 1,997 61,704 10,031 197,296 304,047 |
Total 2024 £ 349 1,634 158 445 26,138 25 1,727 333 - 2,056 966 1,327 12,015 2,090 3,968 1,192 1,604 2,219 61,704 10,366 229,644 359,960 |
Total 2023 £ 682 1,332 - 634 18,357 - 2,484 307 228 1,571 909 1,201 466 640 2,086 1,157 - 1,920 55,463 6,638 199,630 |
|---|---|---|---|---|
| 295,705 |
9 Net incoming/outgoing resources
Net outgoing resources for the year include:
| Depreciation of fixed assets | 2024 £ 26,138 26,138 |
2023 £ 18,357 |
|---|---|---|
| 18,357 |
Page 14
Our Centre
Notes to the Financial Statements for the Year Ended 31 March 2024
10 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2024 £ 214,873 9,532 5,239 229,644 |
2023 £ 188,048 8,304 3,278 |
|---|---|---|
| 199,630 |
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| Average number of employees | 2024 No 13 |
2023 No 11 |
|---|---|---|
9 (2023 - 9) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £5,239 (2023 - £3,278).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £42,599 (2023 - £39,533).
11 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
12 Related party transactions
There were no related party transactions in the year.
Page 15
Our Centre
Notes to the Financial Statements for the Year Ended 31 March 2024
13 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity’s independent examiner are analysed as follows:
| Independent examination Other financial services |
2024 £ 1,270 1,105 2,375 |
2023 £ 1,145 1,001 |
|---|---|---|
| 2,146 |
14 Tangible fixed assets
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 15 Debtors Trade debtors |
Land and buildings £ 187,084 - 187,084 26,654 5,613 32,267 154,817 160,430 |
Fixtures & fittings £ 4,650 - 4,650 4,650 - 4,650 - - |
Motor vehicles £ 221,329 25,189 246,518 181,943 16,732 198,675 47,843 39,386 |
IT equipment £ 8,137 - 8,137 7,459 678 8,137 - 678 |
General equipment £ 17,792 13,716 31,508 16,304 3,115 19,419 12,089 1,488 2024 £ 4,539 |
Total £ 438,992 38,905 477,897 237,010 26,138 263,148 214,749 201,982 2023 £ 2,606 |
|---|---|---|---|---|---|---|
Page 16
Our Centre
Notes to the Financial Statements for the Year Ended 31 March 2024
16 Cash and cash equivalents
| Cash on hand Cash at bank |
2024 £ 521 65,776 66,297 |
2023 £ 2,220 103,352 |
|---|---|---|
| 105,572 |
17 Creditors: amounts falling due within one year
| 17 Creditors: amounts falling due within one year | ||
|---|---|---|
| Other creditors Accruals |
2024 £ 319 4,070 4,389 |
2023 £ 304 2,300 |
| 2,604 |
18 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
19 Taxation
The charity is a registered charity and is therefore exempt from taxation.
20 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted General £ 166,906 68,852 (4,389) 231,369 |
Restricted £ 47,843 1,984 - 49,827 |
2024 Total funds £ 214,749 70,836 (4,389) |
|---|---|---|---|
| 281,196 |
Unrestricted
| Tangible fixed assets Current assets Current liabilities Total net assets |
General £ 162,596 96,657 (2,604) 256,649 |
Designated £ - 3,357 - 3,357 |
Restricted £ 39,386 8,164 - 47,550 |
2023 Total funds £ 201,982 108,178 (2,604) |
|---|---|---|---|---|
| 307,556 |
Page 17
Our Centre
Notes to the Financial Statements for the Year Ended 31 March 2024
21 Funds
| Unrestricted funds General General fund Designated Building & Vehicle Funds Total unrestricted funds Restricted funds Transport fund Salary (Lottery) Anchor project (Lottery) Exterior insulation (NCC) Total restricted funds Total funds |
Balance at 1 April 2023 £ 256,649 3,357 260,006 39,386 8,164 - - 47,550 307,556 |
Incoming resources £ 50,400 - 50,400 215,309 - 58,813 9,078 283,200 333,600 |
Resources expended £ (55,913) - (55,913) (261,100) (8,164) (27,689) (7,094) (304,047) (359,960) |
Transfers £ (19,767) (3,357) (23,124) 54,248 - (31,124) - 23,124 - |
Balance at 31 March 2024 £ 231,369 - |
|---|---|---|---|---|---|
| 231,369 | |||||
| 47,843 - - 1,984 |
|||||
| 49,827 | |||||
| 281,196 |
The specific purposes for which the funds are to be applied are as follows:
Transport fund is the net book value of vehicles and hence the transfers from the designated and general funds are to keep the balance at this level each year.
Salary (Lottery) - funding from the National Lottery Community Fund towards the receptionist's salary. Anchor project (Lottery) - to help people in Ashfield who are struggling through the cost of living crisis. We used the funding for our charity shop to make it a warm and welcoming place to get essentials such as clothes and household items and to increase group capacity at Our Centre, by recruiting more volunteers. Exterior insulation (NCC) - funding from the Notts County Council towards exterior insulation.
The transfer from the Anchor project (Lottery) fund to the General fund represents the net book value of fixed assets, the use of which is not subject to any restriction.
Page 18
Our Centre
Notes to the Financial Statements for the Year Ended 31 March 2024
These are the figures for the previous accounting period and are included for comparative purposes
| Unrestricted funds General General fund Designated Building & Vehicle Funds Total unrestricted funds Restricted Transport fund Salary (Lottery) Total restricted funds Total funds |
Balance at 1 April 2022 £ 179,289 137,414 316,703 24,361 - 24,361 341,064 |
Incoming resources £ 24,131 - 24,131 228,166 9,900 238,066 262,197 |
Resources expended £ (61,319) - (61,319) (232,650) (1,736) (234,386) (295,705) |
Transfers £ 114,548 (134,057) (19,509) 19,509 - 19,509 - |
Balance at 31 March 2023 £ 256,649 3,357 |
|---|---|---|---|---|---|
| 260,006 | |||||
| 39,386 8,164 |
|||||
| 47,550 | |||||
| 307,556 |
Page 19
Our Centre Independent Examiner's Report to the trustees of Our Centre ('the Company')
Independent examiner’s report to the trustees of Our Centre ('the Company') I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024. Responsibilities and basis of report As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner’s statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL Date:.............................