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:
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.
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:.............................