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← Our Centre

2025-03-31-accounts

ire Annual Repert 2024-200

Minibuses, Shoppers, Ring & Ride Cosy Mosey walking group Cosy Cuppa No of walkers: 38 Vehicles: 12 Many thanks to Jane Pollard for We are very grateful to our funders:Attendance : 149 facilitating these meetings and to Miles: 53.989 6 Pond Street, Kirkby In Ashfield, Nottingham. Trips : 10 Wendy Scott and Glenys Sage for NG17 7AH Passenger boardings: 36,844 making the refreshments/washing Big thanks to Ian, Jean , Sandra and Glenice Tel: 01623 753192 Group Members: 84 pots etc. A lovely social group for and Anne for expertly arranging , delivering Email: ourcentre@hotmail.co.uk Individual Members: 724 people at risk of isolation and in and caring for our cosy moseyers . If you Website: www.ourcentre.org.uk SME A srticia need of good company. Transport to meet individual can’t keep up with everyday walkers, Cosy Registered charity no: 1119588 Mosey is for you. Sessions: 48 Attendance: 1,008 Company No: 5956771 Report by the Chair of Trustees Facebook: Ourcentre.Centre.3 Nothing stands still in whatever we do, Our Centre is no exception. Funding and Donatons received from: We welcomed Matt and Elden to take the lead after Angie decided Nottinghamshire County Council, Ashfield District Council, Cllrs Andy to take a back seat. Angie is still very much a part of the Centre even Board of Trustees Meakin, Awards For All, Co-op, JN Derbyshire and many individuals and if we don’t see her every day now. She is in the wings supporting the team as she always has done and deserves thanks and recognition group members of Our Centre. for this. Chairperson: Mr Paul Williamson The year has been a challenge, as usual there is never enough Staf members: Matt Pike, Elden Skinner, Jen Hannant, John Blount, Treasurer: Mrs Pauline Stojanovic funding to make life easy. Matt, Eldon and Angie work tirelessly to Adrian Rowe, Rebecca Berridge, Paddy Ryan, Dave Bramwell, Michael make things work on a practical and financial basis, given the Secretary: Rebecca Berridge budget we have. Price increases for almost everything certainly Timmins, John Berridge, and Angie Peppard. gives us all a challenge. Trustees: Mr Alberto Rovido Thank you to all the staff old and new for all the hard work they put Ms Christina Rowe in to keep the centre running smoothly so our members can sit back Voluntary Car Scheme Wheelchair Hire Seated Exercise and enjoy a great variety of activities, something to suit everyone. Mr Rob Barker Weekly chair based exercise sessions at Our We are indebted to our volunteers as without them the Centre Miles covered: 76.345 Number of hirings: 98 Centre followed by refreshments. Helen, would not function. Our new Ashfield Furniture project is moving at Mr Martin Atherton Journeys: 6,557 These are hired for a day/ Pauline and Sue have developed these fast a pace again run by volunteers. We are so fortunate to have all these weekend/week/month, for all growing groups with love and kindness and we Cllr Warren Nuttall - ADC representative volunteers who care about our community, come together to make Trips: 7,145 things happen. sorts of reasons from health couldn’t ask for more. Huge appreciation to Appointed Examiner of Accounts: Our Christmas event was yet again a huge success with lots of fun Thank you to all our amazing Margaret for covering in emergencies. appointments, holidays, and laughter. Can’t wait to see what the theme will be for this year! volunteer car drivers for giving back Sessions: 96 Community Accounting Plus weddings and long term My personal thanks go to our dedicated board of to the community with your time Attendance: 1,536 Trustees who meet regularly to provide a listening and commitment . ear, offer support and make decisions for the future of Volunteers: Chris Rowe, John Bower, Paul Williamson, Andy Jones, Don Ward, Glen the Centre. Glad Rags Smith, Rob Barker, Eileen Ryan, Mike Burn, Ian Craske, Doreen Smith, John Smith, Charity shop only made possible Jane Pollard, Sandra Shooter, Brian Millard, Dave Rothery, Pauline Stojanovic, Alberto through our team of wonderful Rovida, Anne Morecroft, John Turner, Martha Kirk, Willow Lawton, Ethan Layland, volunteers. Thank you to John, Gary Chauntry, Geoff Ware, Alan Kelly, Chloe Smith, Lexey Bramwell, Jean Craske, Sue Volunteers: Chris Rowe, Sandra Musson, John Bower, Paul Williamson, Andy Jones, Don Ward, Glen Smith, Doreen, Sue, Glenys, Glen, Garry, Bowler, Alvin Cable, Olivia Clare, Stephen Cooper, Kelly Edmonds, Anne English,Pete Rob Barker, Eileen Ryan, Mike Burn, Ian Craske, Doreen Smith, John Smith, Jane Pollard, Sandra Shooter, Lindsey, Amanda, Jane, Louise, Kent, Margaret Smith x2, Sarah Smith, Louise Harris, David Howe, Kimberly Jeffries, Brian Millard, Dave Rothery, Pauline Stojanovic, Alberto Rovida, Anne Morecroft, John Turner, Martha Kirk, Martha, Willow, Kimberly, Ethan, Dave Bramwell, Glenys Sage, Wendy Scott, John Faulkner, Denise Barker, Susan Burn, Willow Lawton, Ethan Layland, Gary Chauntry, Geoff Ware, Alan Kelly, Chloe Smith, Lexey Bramwell, Jean and Olivia, Jim Tobias, Kevin Skinner, Jim Williams, Janice Bostock, Sandra Musson, Ann Craske, Sue Bowler, Alvin Cable, Olivia Clare, Stephen Cooper, Kelly Edmonds, Jane North, Anne English, Schofield, Sue Herrington, Audrey Barnes, Brandon, Michael Anderson, Maddison Fliss Moir, Robert Moor, Garry Mountain, Lindsey Monroe, Pete Kent, Margaret Smith x2, Sarah Smith, Berridge, and last but not least Sally Anne Kent. Louise Harris, David Howe, Kimberly Jeffries, Dave Bramwell, Glenys Sage, Wendy Scott, John Faulkner, Our Centre is committed to promoting and valuing equality & diversity in all of its activities. We welcome and celebrate J ~~ean Craske, Steph Hardstaf, Joyce Kent, Jane Symonds, Jim Williams, Glenice Wilkinson, Denise Barker,~~ the diversity of the communities and are strongly committed to achieving equal opportunities and access for all people and groups in society. Equality & diversity is the cornerstone of all of our policies and procedures. We are proud of the actions we take to eliminate Susan Burn, Jim Tobias, Kevin Skinner, Jim Williams, Janice Bostock, Glenice Coleman, Ann Schofield, Sue discrimination and prejudice to ensure inclusion and engagement for all the people who work and volunteer with us or wish to use our Herrington, Audrey Barnes, Brandon Perkins, Michael Anderson, Amanda Shaw, Ian Craske, Maddison services. We will continue to strive towards a culture that is diverse and which recognises and develops the potential of all our staff, Berridge, and last but not least Sally Anne Kent. volunteers and service users and we will go above and beyond the minimum legal requirements in order to achieve this. ~~_-~~

MATT’S REPORT—CENTRE MANAGER AND FINANCE

AGMs are a bit like new year, reflecting on the year that’s gone, thinking about how we all made it through and with a fresh hope of the year to come. I could talk about how we started last year with £47,250 confirmed grants to start us off on an expected expenditure of over £300,000! So just the small matter of having to find another £252,750 to run our centre for another year! I could talk about how fuel costs are up to over £26,000 a year! I could talk about how just having a business account costs just under £1000 per year (yes, every time we pay into the bank we are charged – lucky bankers) All very tough demands on an independent charity who just wants to help. I could rant and rant about costs and injustices; how councils will pay for countless referral posts but not support the organisations to where they are being referred etc etc…...But in the end, it doesn’t really matter – that’s the thing with our centre, yes there is the matter of paying for things, but far more important than that is that together we find a way through to help and support each other. We are wholly independent; it doesn’t matter who’s running the country or the councils. It doesn’t matter that we don’t have all the things we want because together we find a way to get what we need.

When I look back on this year, I see so many volunteers who have come forward and filled the gaps, they have devoted their time unconditionally, they are the real heroes of the show, without them, quite literally we wouldn’t have a ‘cat in hell’s chance’ to help, support and listen to all those that need it. Our centre is about community – bringing everyone together - I know I keep saying it but we are completely independent that means we are not politically, religiously or financially interested. It’s just about us being together and having a platform to support each other, regardless of circumstances outside our control. This year Our Centre has not shied away from need (even when the £££’s say NO) we have pushed on to make lasting differences to our community.

YOU have established the Ashfield furniture project and what a project this is – run solely by volunteers making huge differences to families across Ashfield. Some of the stories I’ve heard are heart-rending, kids with no beds etc etc… but now they do all of this could not have been done without the Helen Williamson Legacy Fund (HWLF)

YOU have established a new network of social and wellbeing activities within Our centre– this year we welcomed Becky as activities coordinator; we now have a range of activities most days. Our activities volunteers have gone above and beyond making seated exercise classes enjoyable, fun and entertaining (of course followed by a biscuit/s) we’ve had crocheting, popcorn, ukuleles, walking in the sunshine (and rain), funky Friday discos and pom poms galore.

Glad r ags: WOW you know who you are – these people are amazing, day in day out you’re there, YOU have created a place that fills people with a sense of belonging, YOU welcome everyone, YOU identify need, YOU listen, YOU talk, YOU are a friendly face – THANK YOU.

The board of trustees – always sounds rather grand that A big thank you to them, without them constitutionally our centre could not exist. They give their time freely and are always at the end of the phone when needed, are happy to sign for this and that, along with proof of identities etc, I note that this last year has seen a biscuit drought, and Pauline has promised this will be rectified going forward.

The hum drum of day to day and the people you share that with is the lion share of what we know, I am so fortunate to share this time with people who are dedicated, amusing, compassionate and are willing to go above and beyond to get each day done, I know it’s not easy in fact it’s exhausting so a very big thank you to the people in the back because without you there is no front. Thank you too to our volunteer office worker you make Monday mornings a joy!

Transport: I’ll not spend long on this but just so you know: passenger boardings for last year: 35,043 (phew) Thank you to all our caring drivers and the difference you make to people’s lives.

Paddy has worked tirelessly, along with the voluntary car scheme volunteers to get folks there and back again. Also this year has seen a record breaker for the most apple pies baked for Paddy, he is attempting to break this record next year so if anyone can ‘make Paddy a pie’ please feel free.

To our bus volunteers – thank you, thank you

I must close with saying a very big thank you to Elden & Angie Elden is always busy making things work again.. and again and so much more! Angie - words are not enough, all I/we can say is thank you Matt Things I’d like to change: I’d really like to have a full-time receptionist to answer the phone!!

ELDEN’S REPORT - OPERATIONS AND TRANSPORT MANAGER

Matt has said it all very succinctly, so I wholeheartedly ditto all that he’s said and add my personal thanks to Matt for being glued to the computer for every hour he’s at the centre, which allows me to move between the Garage, GladRags, Ashfield Furniture Project, driving jobs and the yard to fix whatever needs fixing. When I’m at my desk it’s usually when I’m answering emails, negotiating insurance costs , sorting out paperwork for our various properties and ordering parts. I know I’m bad at communicating and as a

QuickBooks information inputted and coordinated expertly by Matt Pike

This year has been the ‘major breakdowns year’ and I don’t think that there has been a week where one of the chuffin’ buses hasn’t had a problem ...and without serious funding to renew some of them, we will certainly have to downsize on the services that we currently provide. With all the problems we are facing it’s often hard to find the positives, but there are some and that’s what makes it worth it in the end. What are the positives, I hear you ask? The laughs, and there are plenty of those: the pleasure you feel when you’ve helped someone, and there are plenty of those; the appreciation from members, and there are plenty of those: the pleasure of receiving funding, and there’s not enough of those! Thank you to staff, volunteers, trustees, funders, members and the community. Elden

Elden

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 2025

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 4
Independent Examiner's Report 5
Statement of Financial Activities 6 to 7
Balance Sheet 8
Notes to the Financial Statements 9 to 18

Our Centre

Reference and Administrative Details

Trustees Paul Williamson, Chair Pauline Stojanovic, Treasurer Rob Barker Christina Rowe Alberto Rovida Glenice Coleman Secretary Rebecca Berridge 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 of the charitable company for the year ended 31 March 2025.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Paul Williamson, Chair Pauline Stojanovic, Treasurer Rob Barker Christina Rowe Alberto Rovida Glenice Coleman (appointed 6 November 2024) Martin Atherton (resigned 17 April 2025) Helen Williamson (resigned 6 November 2024) John Knight (resigned 6 November 2024)

Secretary: Rebecca Berridge (appointed 6 November 2024)

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 with accessible minibuses and voluntary car scheme, volunteer recruitment and support, wheelchair hire, wellbeing groups, social activities, shopper services, resource centre, recycling of household furniture, clothes and other items.

These activities increase skills and confidence, reduce isolation, enhance physical and emotional wellbeing, promote good mental health, ease poverty and financial hardship.

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

Began the Ashfield Furniture Project to help communities suffering hardship.

Increased our centre assets with the rental of property in Sutton in Ashfield.

Permanent contract issued to Activities Co-ordinator.

Lots of new activities, eg. more seated exercise classes, music & wellbeing, craft group, men's group and Funky Friday.

Partnership working with Enterprising Ashfield and Nottm Trent University.

Financial review

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 3

Our Centre

Trustees' Report

Statement of Responsibilities

The trustees (who are also the directors of Our Centre for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small companies provision statement

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

The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Paul Williamson Trustee

Page 4

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 2025.

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, 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:.............................

Page 5

Our Centre

Statement of Financial Activities for the Year Ended 31 March 2025 (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
Other expenditure
9
Total Expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
22		 Unrestricted
£
26,886
19,102
13,702
1,306
8,066
69,062
(51,826)
-
(51,826)
17,236
(23,240)
(6,004)
231,369
225,365		 Restricted
£
-
259,389
-
-
-
259,389
(305,124)
(2,351)
(307,475)
(48,086)
23,240
(24,846)
49,827
24,981		 Total
2025
£
26,886
278,491
13,702
1,306
8,066
328,451
(356,950)
(2,351)
(359,301)
(30,850)
-
(30,850)
281,196
250,346		 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

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 22.

The notes on pages 9 to 18 form an integral part of these financial statements. Page 6

Our Centre

Statement of Financial Activities for the Year Ended 31 March 2025 (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
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
22		 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

The notes on pages 9 to 18 form an integral part of these financial statements. Page 7

Our Centre

(Registration number: 05956771) Balance Sheet as at 31 March 2025

Note
Fixed assets
Tangible assets
15
Current assets
Debtors
16
Cash at bank and in hand
17
Creditors: Amounts falling due within one year
18
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
22
Unrestricted income funds
Unrestricted funds
Total funds
22		 2025
£
175,581
5,305
72,546
77,851
(3,086)
74,765
250,346
24,981
225,365
250,346		 2024
£
214,749
4,539
66,297
70,836
(4,389)
66,447
281,196
49,827
231,369
281,196

For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 6 to 18 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:

......................................... Pauline Stojanovic Trustee

The notes on pages 9 to 18 form an integral part of these financial statements. Page 8

Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

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 9

Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

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.

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Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

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
Grants from other charities		 Unrestricted
funds
General
£
9,983
14,445
2,458
26,886		 Total
2025
£
9,983
14,445
2,458
26,886		 Total
2024
£
13,741
5,820
-
19,561

3 Income from charitable activities

Activities
General administration
Grants & donations
Wheelchair & room hire
Registration
Transport fares & hire
Ashfield Furniture Project
donations		 Unrestricted
funds
General
£
6,526
1,412
-
4,670
4,568
-
1,926
19,102
Page		 Restricted
funds
£
-
6,294
71,818
-
1,130
180,147
-
259,389
11		 Total
2025
£
6,526
7,706
71,818
4,670
5,698
180,147
1,926
278,491		 Total
2024
£
4,118
12,757
112,374
449
4,440
157,100
-
291,238

Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

4 Grants & donations

Nottinghamshire County Council
Ashfield District Council
Co-op Community Fund
National Lottery Community Fund
BSOG
Thomas Farr Charity
Notts Community Foundation
Héroux-Devtek
Sundry grants & donations
UKSPF
Nottingham Trent University
5
Income from other trading activities
Trading income;
Sale of donated good (Glad Rags shop)
Fundraising
6
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits
7
Other income
Rental income		 Unrestricted
funds
£
10,945
1,000
1,677
-
-
2,458
500
500
4,806
2,500
2,500
26,886
Unrestricted
funds
General
£
12,057
1,645
13,702
Unrestricted
funds
General
£
1,306
Unrestricted
General
£
8,066		 Restricted
funds
£
27,250
20,000
-
20,000
4,545
-
-
-
23
-
-
71,818
Total
2025
£
12,057
1,645
13,702
Total
2025
£
1,306
Total
2025
£
8,066		 Total
£
38,195
21,000
1,677
20,000
4,545
2,458
500
500
4,829
2,500
2,500
98,704
Total
2024
£
9,682
2,722
12,404
Total
2024
£
1,697
Total
2024
£
8,700

Page 12

Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

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
£
453
282
-
276
9,430
7
1,212
441
1,065
976
922
175
1,142
861
4,676
283
133
240
1,140
2,203
25,909
51,826		 Restricted
funds
£
298
1,414
-
584
11,694
65
457
277
-
1,889
-
1,126
751
-
2,761
1,648
-
2,164
57,816
9,493
212,687
305,124		 Total
2025
£
751
1,696
-
860
21,124
72
1,669
718
1,065
2,865
922
1,301
1,893
861
7,437
1,931
133
2,404
58,956
11,696
238,596
356,950		 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

9 Other expenditure

9
Other expenditure
Loss on disposal of fixed assets Restricted
funds
£
2,351
2,351		 Total
2025
£
2,351
2,351		 Total
2024
£
-
-

Page 13

Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

10 Net incoming/outgoing resources

Net outgoing resources for the year include:

Loss on disposal of fixed assets held for the charity's own use
Depreciation of fixed assets
11 Staff costs
The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2025
£
2,351
21,124
23,475
2025
£
220,148
11,607
6,841
238,596		 2024
£
-
26,138
26,138
2024
£
214,873
9,532
5,239
229,644

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Average number of employees 2025
No
11		 2024
No
13

9 (2024 - 9) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £6,841 (2024 - £5,239).

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 £22,190 (2024 - £42,599).

12 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.

13 Related party transactions

There were no related party transactions in the year.

Page 14

Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

14 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		 2025
£
1,320
1,204
2,524		 2024
£
1,270
1,105
2,375

15 Tangible fixed assets

Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
Eliminated on
disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
16 Debtors
Trade debtors
Other debtors		 Land
and
buildings
£
187,084
-
-
187,084
32,267
5,613
-
37,880
149,204
154,817		 Fixtures
&
fittings
£
4,650
-
-
4,650
4,650
-
-
4,650
-
-		 Motor
vehicles
£
246,518
-
(76,394)
170,124
198,675
11,694
(56,243)
154,126
15,998
47,843		 IT
equipment
£
8,137
2,107
-
10,244
8,137
702
-
8,839
1,405
-		 IT
equipment
£
8,137
2,107
-
10,244
8,137
702
-
8,839
1,405
-		 General
equipment
£
31,508
-
-		 Total
£
477,897
2,107
(76,394)
403,610
263,148
21,124
(56,243)
228,029
175,581
214,749
2024
£
4,539
-
31,508
19,419
3,115
-
22,534
8,974
12,089
2025
£
3,865
1,440
5,305
4,539

Page 15

Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

17 Cash and cash equivalents

Cash on hand
Cash at bank		 2025
£
605
71,941
72,546		 2024
£
521
65,776
66,297

18 Creditors: amounts falling due within one year

18 Creditors: amounts falling due within one year
Other creditors
Accruals		 2025
£
315
2,771
3,086		 2024
£
319
4,070
4,389

19 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.

20 Taxation

The charity is a registered charity and is therefore exempt from taxation.

21 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
General
£
159,583
68,868
(3,086)
225,365
Unrestricted
General
£
166,906
68,852
(4,389)
231,369		 Restricted
£
15,998
8,983
-
24,981
Restricted
£
47,843
1,984
-
49,827		 2025
Total funds
£
175,581
77,851
(3,086)
250,346
2024
Total funds
£
214,749
70,836
(4,389)
281,196

Page 16

Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

22 Funds

22 Funds
Unrestricted funds
General
General fund
Restricted funds
Transport fund
Exterior insulation (NCC)
Activities Co-ordinator
(Lottery)
Total restricted funds
Total funds		 Balance at 1
April 2024
£
231,369
47,843
1,984
-
49,827
281,196		 Incoming
resources
£
69,062
239,389
-
20,000
259,389
328,451		 Resources
expended
£
(51,826)
(296,458)
-
(11,017)
(307,475)
(359,301)		 Transfers
£
(23,240)
25,224
(1,984)
-
23,240
-		 Balance at
31 March
2025
£
225,365
15,998
-
8,983
24,981
250,346

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 transfer from the general fund is to keep the balance at this level each year.

Exterior insulation (NCC) - funding from the Notts County Council towards exterior insulation. Activities Co-ordinator (Lottery) - toward salary.

The transfer from the Exterior insulation (NCC) fund to the General fund reflects the release of any restrictions on the use of these funds.

Page 17

Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

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
Anchor project (Lottery)
Salary (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)
(27,689)
(8,164)
(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

Page 18

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 2025

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 4
Independent Examiner's Report 5
Statement of Financial Activities 6 to 7
Balance Sheet 8
Notes to the Financial Statements 9 to 18

Our Centre

Reference and Administrative Details

Trustees Paul Williamson, Chair Pauline Stojanovic, Treasurer Rob Barker Christina Rowe Alberto Rovida Glenice Coleman Secretary Rebecca Berridge 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 of the charitable company for the year ended 31 March 2025.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Paul Williamson, Chair Pauline Stojanovic, Treasurer Rob Barker Christina Rowe Alberto Rovida Glenice Coleman (appointed 6 November 2024) Martin Atherton (resigned 17 April 2025) Helen Williamson (resigned 6 November 2024) John Knight (resigned 6 November 2024)

Secretary: Rebecca Berridge (appointed 6 November 2024)

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 with accessible minibuses and voluntary car scheme, volunteer recruitment and support, wheelchair hire, wellbeing groups, social activities, shopper services, resource centre, recycling of household furniture, clothes and other items.

These activities increase skills and confidence, reduce isolation, enhance physical and emotional wellbeing, promote good mental health, ease poverty and financial hardship.

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

Began the Ashfield Furniture Project to help communities suffering hardship.

Increased our centre assets with the rental of property in Sutton in Ashfield.

Permanent contract issued to Activities Co-ordinator.

Lots of new activities, eg. more seated exercise classes, music & wellbeing, craft group, men's group and Funky Friday.

Partnership working with Enterprising Ashfield and Nottm Trent University.

Financial review

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 3

Our Centre

Trustees' Report

Statement of Responsibilities

The trustees (who are also the directors of Our Centre for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small companies provision statement

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

The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Paul Williamson Trustee

Page 4

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 2025.

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, 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:.............................

Page 5

Our Centre

Statement of Financial Activities for the Year Ended 31 March 2025 (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
Other expenditure
9
Total Expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
22		 Unrestricted
£
26,886
19,102
13,702
1,306
8,066
69,062
(51,826)
-
(51,826)
17,236
(23,240)
(6,004)
231,369
225,365		 Restricted
£
-
259,389
-
-
-
259,389
(305,124)
(2,351)
(307,475)
(48,086)
23,240
(24,846)
49,827
24,981		 Total
2025
£
26,886
278,491
13,702
1,306
8,066
328,451
(356,950)
(2,351)
(359,301)
(30,850)
-
(30,850)
281,196
250,346		 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

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 22.

The notes on pages 9 to 18 form an integral part of these financial statements. Page 6

Our Centre

Statement of Financial Activities for the Year Ended 31 March 2025 (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
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
22		 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

The notes on pages 9 to 18 form an integral part of these financial statements. Page 7

Our Centre

(Registration number: 05956771) Balance Sheet as at 31 March 2025

Note
Fixed assets
Tangible assets
15
Current assets
Debtors
16
Cash at bank and in hand
17
Creditors: Amounts falling due within one year
18
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
22
Unrestricted income funds
Unrestricted funds
Total funds
22		 2025
£
175,581
5,305
72,546
77,851
(3,086)
74,765
250,346
24,981
225,365
250,346		 2024
£
214,749
4,539
66,297
70,836
(4,389)
66,447
281,196
49,827
231,369
281,196

For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 6 to 18 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:

......................................... Pauline Stojanovic Trustee

The notes on pages 9 to 18 form an integral part of these financial statements. Page 8

Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

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 9

Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

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.

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Notes to the Financial Statements for the Year Ended 31 March 2025

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
Grants from other charities		 Unrestricted
funds
General
£
9,983
14,445
2,458
26,886		 Total
2025
£
9,983
14,445
2,458
26,886		 Total
2024
£
13,741
5,820
-
19,561

3 Income from charitable activities

Activities
General administration
Grants & donations
Wheelchair & room hire
Registration
Transport fares & hire
Ashfield Furniture Project
donations		 Unrestricted
funds
General
£
6,526
1,412
-
4,670
4,568
-
1,926
19,102
Page		 Restricted
funds
£
-
6,294
71,818
-
1,130
180,147
-
259,389
11		 Total
2025
£
6,526
7,706
71,818
4,670
5,698
180,147
1,926
278,491		 Total
2024
£
4,118
12,757
112,374
449
4,440
157,100
-
291,238

Our Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

4 Grants & donations

Nottinghamshire County Council
Ashfield District Council
Co-op Community Fund
National Lottery Community Fund
BSOG
Thomas Farr Charity
Notts Community Foundation
Héroux-Devtek
Sundry grants & donations
UKSPF
Nottingham Trent University
5
Income from other trading activities
Trading income;
Sale of donated good (Glad Rags shop)
Fundraising
6
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits
7
Other income
Rental income		 Unrestricted
funds
£
10,945
1,000
1,677
-
-
2,458
500
500
4,806
2,500
2,500
26,886
Unrestricted
funds
General
£
12,057
1,645
13,702
Unrestricted
funds
General
£
1,306
Unrestricted
General
£
8,066		 Restricted
funds
£
27,250
20,000
-
20,000
4,545
-
-
-
23
-
-
71,818
Total
2025
£
12,057
1,645
13,702
Total
2025
£
1,306
Total
2025
£
8,066		 Total
£
38,195
21,000
1,677
20,000
4,545
2,458
500
500
4,829
2,500
2,500
98,704
Total
2024
£
9,682
2,722
12,404
Total
2024
£
1,697
Total
2024
£
8,700

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Notes to the Financial Statements for the Year Ended 31 March 2025

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
£
453
282
-
276
9,430
7
1,212
441
1,065
976
922
175
1,142
861
4,676
283
133
240
1,140
2,203
25,909
51,826		 Restricted
funds
£
298
1,414
-
584
11,694
65
457
277
-
1,889
-
1,126
751
-
2,761
1,648
-
2,164
57,816
9,493
212,687
305,124		 Total
2025
£
751
1,696
-
860
21,124
72
1,669
718
1,065
2,865
922
1,301
1,893
861
7,437
1,931
133
2,404
58,956
11,696
238,596
356,950		 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

9 Other expenditure

9
Other expenditure
Loss on disposal of fixed assets Restricted
funds
£
2,351
2,351		 Total
2025
£
2,351
2,351		 Total
2024
£
-
-

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Notes to the Financial Statements for the Year Ended 31 March 2025

10 Net incoming/outgoing resources

Net outgoing resources for the year include:

Loss on disposal of fixed assets held for the charity's own use
Depreciation of fixed assets
11 Staff costs
The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2025
£
2,351
21,124
23,475
2025
£
220,148
11,607
6,841
238,596		 2024
£
-
26,138
26,138
2024
£
214,873
9,532
5,239
229,644

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Average number of employees 2025
No
11		 2024
No
13

9 (2024 - 9) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £6,841 (2024 - £5,239).

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 £22,190 (2024 - £42,599).

12 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.

13 Related party transactions

There were no related party transactions in the year.

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Notes to the Financial Statements for the Year Ended 31 March 2025

14 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		 2025
£
1,320
1,204
2,524		 2024
£
1,270
1,105
2,375

15 Tangible fixed assets

Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
Eliminated on
disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
16 Debtors
Trade debtors
Other debtors		 Land
and
buildings
£
187,084
-
-
187,084
32,267
5,613
-
37,880
149,204
154,817		 Fixtures
&
fittings
£
4,650
-
-
4,650
4,650
-
-
4,650
-
-		 Motor
vehicles
£
246,518
-
(76,394)
170,124
198,675
11,694
(56,243)
154,126
15,998
47,843		 IT
equipment
£
8,137
2,107
-
10,244
8,137
702
-
8,839
1,405
-		 IT
equipment
£
8,137
2,107
-
10,244
8,137
702
-
8,839
1,405
-		 General
equipment
£
31,508
-
-		 Total
£
477,897
2,107
(76,394)
403,610
263,148
21,124
(56,243)
228,029
175,581
214,749
2024
£
4,539
-
31,508
19,419
3,115
-
22,534
8,974
12,089
2025
£
3,865
1,440
5,305
4,539

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Notes to the Financial Statements for the Year Ended 31 March 2025

17 Cash and cash equivalents

Cash on hand
Cash at bank		 2025
£
605
71,941
72,546		 2024
£
521
65,776
66,297

18 Creditors: amounts falling due within one year

18 Creditors: amounts falling due within one year
Other creditors
Accruals		 2025
£
315
2,771
3,086		 2024
£
319
4,070
4,389

19 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.

20 Taxation

The charity is a registered charity and is therefore exempt from taxation.

21 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
General
£
159,583
68,868
(3,086)
225,365
Unrestricted
General
£
166,906
68,852
(4,389)
231,369		 Restricted
£
15,998
8,983
-
24,981
Restricted
£
47,843
1,984
-
49,827		 2025
Total funds
£
175,581
77,851
(3,086)
250,346
2024
Total funds
£
214,749
70,836
(4,389)
281,196

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Notes to the Financial Statements for the Year Ended 31 March 2025

22 Funds

22 Funds
Unrestricted funds
General
General fund
Restricted funds
Transport fund
Exterior insulation (NCC)
Activities Co-ordinator
(Lottery)
Total restricted funds
Total funds		 Balance at 1
April 2024
£
231,369
47,843
1,984
-
49,827
281,196		 Incoming
resources
£
69,062
239,389
-
20,000
259,389
328,451		 Resources
expended
£
(51,826)
(296,458)
-
(11,017)
(307,475)
(359,301)		 Transfers
£
(23,240)
25,224
(1,984)
-
23,240
-		 Balance at
31 March
2025
£
225,365
15,998
-
8,983
24,981
250,346

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 transfer from the general fund is to keep the balance at this level each year.

Exterior insulation (NCC) - funding from the Notts County Council towards exterior insulation. Activities Co-ordinator (Lottery) - toward salary.

The transfer from the Exterior insulation (NCC) fund to the General fund reflects the release of any restrictions on the use of these funds.

Page 17

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Notes to the Financial Statements for the Year Ended 31 March 2025

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
Anchor project (Lottery)
Salary (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)
(27,689)
(8,164)
(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

Page 18