**REGISTERED COMPANY NUMBER: 06769345 (England and Wales) REGISTERED CHARITY NUMBER: 1127986**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2023**
## **FOR**
## **PERCY COMMUNITY CENTRE**
Berkeley Hall Marshall Limited 6 Charlotte Street Bath BA1 2NE
**PERCY COMMUNITY CENTRE**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6 to 7|
|**Notes to the Financial Statements**|8 to 13|
|**Detailed Statement of Financial Activities**|14|
**PERCY COMMUNITY CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
The Percy Community Centre is the incorporated successor of the Percy Community Association (Charity no. 1024614, registered on 1 October 1991).
The charity's objectives are:
To further or benefit the residents of Bath and the surrounding environs, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.
In furtherance of these objectives but not otherwise, the Trustees shall have power:
To establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects.
To achieve these objectives the following policies have been adopted:
- To provide a high level of service to the users of Percy Community Centre
- To provide and develop a range of activities
- To encourage the establishment of new community groups
- To promote training, education, cultural diversity, and leisure pursuits
- Where possible, to make all Percy Community Centre accessible to the whole community
- To provide and maintain the premises for the benefit of the local community and surrounding
- neighbourhoods
- To continuously develop and improve the facilities of Percy Community Centre.
Page 1
**PERCY COMMUNITY CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **FINANCIAL REVIEW**
This was the first full post-lockdown year. Most groups returned to the Centre but in some cases with, at least initially, reduced numbers. There was a surprising influx of Hen Party groups at weekends which helped to support the Centre's finances.
In July 2022 we took the decision to close the after-school club we had been running at St Andrew's Primary School. We had continued to run the service throughout lockdown but with fewer children and higher staff requirements it had begun to return a significant loss. The demands of the school, particularly the increase in nursery pupils, had made staffing more of a challenge. In its place we plan to increase the provision of child-centred activities at the Centre.
We were fortunate in receiving generous donations from the Roper Family Trust, Bath & West Community Energy and the National Grid. As the St John's Foundation funding of our youth services ended we were able to replace it with money from the Community Infrastructure Fund, administered ny the Local Authority. As always we are grateful to Bath & North East Somerset Council for its continuing support for the Centre, not least for maintenance and repairs. Discussions on our lease renewal have not progressed much but meanwhile our planning application edges closer towards approval. For the latter we are particularly grateful to Sarah Gibson of Labox Architects.
## FINANCIAL REVIEW
Traditionally the bulk of the Centre's income is derived from room hire activities together with grants from a small number of sources. Expenditure is divided between core running costs, which are funded out of the room hire income, and free activities, which are generally supported by the grants and donations. The Charity has retained the £30,000 'Bounce-back' government loan as an investment, repaying it over time so as to form the basis of an unrestricted reserve. This accords with the Charity's desire of building a reserve equivalent to between three and six months' expenditure. The Trustees consider that reserves at this level would ensure that in the event of a significant drop in income they would be able to continue the Charity's primary activities while additional funds were sourced.
## AND FINALLY
We said goodbye to Kali Diegutis, our longest-serving member of staff. She moved to take on a new role at Bath Area Play Project. We wish her well.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
None of the Trustees has any beneficial interest in the Company. All of the Trustees are members of the Company and each has guaranteed to contribute £1 in the event of its winding up.
The Centre rents its building, for which it holds a protected tenancy, from the Local Authority at a nominal rent, currently £200 per annum. The arrangement is considered to be stable until a new agreement can be reached.
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to them.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
06769345 (England and Wales)
## **Registered Charity number**
1127986
## **Registered office**
New King Street Bath BA1 2BN
Page 2
**PERCY COMMUNITY CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **Trustees**
J T Furness (resigned 30.9.23) C Johnney (resigned 7.6.23) J Sobers-Cummins (resigned 7.6.23) A Thompson T A Clarke A J Mackenzie (resigned 15.11.22) P H Asgarian E K Britton T L Pike P Nisbett (appointed 10.11.22)
## **Company Secretary**
R A Houghton
## **Independent Examiner**
Berkeley Hall Marshall Limited 6 Charlotte Street Bath BA1 2NE
## **Bankers**
CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PERCY COMMUNITY CENTRE**
## **Independent examiner's report to the trustees of Percy Community Centre ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
## **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**
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:
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.
Matthew Small FCA
Berkeley Hall Marshall Limited 6 Charlotte Street Bath BA1 2NE
Date: .............................................
Page 4
**PERCY COMMUNITY CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**11,154**
Other trading activities
2
**115,885**
Investment income
3
**263**
Other income
**-**
**Total**
**127,302**
**EXPENDITURE ON**
**Charitable activities**
Support costs
**100,054**
Other
**26,607**
**Total**
**126,661**
**NET INCOME/(EXPENDITURE)**
**641**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**599**
**TOTAL FUNDS CARRIED FORWARD**
**1,240**|Restricted
fund
£
**127**
**-**
**-**
**37,300**
**37,427**
**27,610**
**4,025**
**31,635**
**5,792**
**36,932**
**42,724**|**2023**
**Total**
**funds**
**£**
**11,281**
**115,885**
**263**
**37,300**
**164,729**
**127,664**
**30,632**
**158,296**
**6,433**
**37,531**
**43,964**|2022
Total
funds
£
20,253
114,553
-
46,212
181,018
156,185
28,981
185,166
(4,148)
41,679
37,531|
|---|---|---|---|
The notes form part of these financial statements
Page 5
**PERCY COMMUNITY CENTRE**
## **BALANCE SHEET 31 MARCH 2023**
|Unrestricted
Restricted
funds
fund
Notes
£
£
**CURRENT ASSETS**
Debtors
8
**12,110**
**-**
Cash at bank and in hand
**21,144**
**42,759**
**33,254**
**42,759**
**CREDITORS**
Amounts falling due within one year
9
**(4,666)**
**(35)**
**NET CURRENT ASSETS**
**28,588**
**42,724**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**28,588**
**42,724**
**CREDITORS**
Amounts falling due after more than one year 10
**(27,348)**
**-**
**NET ASSETS**
**1,240**
**42,724**
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2023**
**Total**
**funds**
**£**
**12,110**
**63,903**
**76,013**
**(4,701)**
**71,312**
**71,312**
**(27,348)**
**43,964**
**1,240**
**42,724**
**43,964**|2022
Total
funds
£
27,094
45,360
72,454
(4,865)
67,589
67,589
(30,058)
37,531
599
36,932
37,531|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
**PERCY COMMUNITY CENTRE**
## **BALANCE SHEET - continued 31 MARCH 2023**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 7
**PERCY COMMUNITY CENTRE**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. OTHER TRADING ACTIVITIES**
|Room hire and other income
After school clubs
Plant insulation grant
Mental health support group|**2023**
**£**
**110,031**
**5,854**
**-**
**-**
**115,885**|2022
£
89,422
14,931
1,000
9,200|
|---|---|---|
|||114,553|
Page 8
continued...
**PERCY COMMUNITY CENTRE**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **3. INVESTMENT INCOME**
||**2023**|2022||
|---|---|---|---|
||**£**|£||
|Deposit account interest|**263**||-|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Administration
Caretaker
Other|**2023**
**3**
**2**
**7**
**12**|2022
3
2
12|
|---|---|---|
|||17|
No employees received emoluments in excess of £60,000.
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
20,077
Other trading activities
104,353
Other income
44,328
**Total**
168,758
**EXPENDITURE ON**
**Charitable activities**
Support costs
156,185
Other
28,981
**Total**
185,166
**NET INCOME/(EXPENDITURE)**
(16,408)
**RECONCILIATION OF FUNDS**
Total funds brought forward
17,007|Restricted
fund
£
176
10,200
1,884
12,260
-
-
-
12,260
24,672|Total
funds
£
20,253
114,553
46,212
181,018
156,185
28,981
185,166
(4,148)
41,679|
|---|---|---|
Page 9
continued...
**PERCY COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
fund
£
£
**TOTAL FUNDS CARRIED FORWARD**
599
36,932
**7.**
**TANGIBLE FIXED ASSETS**
Fixtures
Plant and
and
machinery
fittings
£
£
**COST**
At 1 April 2022 and 31 March 2023
**8,994**
**9,277**
**DEPRECIATION**
At 1 April 2022 and 31 March 2023
**8,994**
**9,277**
**NET BOOK VALUE**
At 31 March 2023
**-**
**-**
At 31 March 2022
-
-
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**£**
Trade debtors
**11,617**
Other debtors
**256**
Prepayments
**237**
**12,110**
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**£**
Trade creditors
**198**
Other creditors
**2,150**
Accrued expenses
**2,353**
**4,701**|Total
funds
£|
|---|---|
||37,531|
||Totals
£
**18,271**
**18,271**
**-**
-
2022
£
26,857
-
237
27,094
2022
£
-
2,514
2,351
4,865|
|||
Page 10
continued...
**PERCY COMMUNITY CENTRE**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
|||**2023**|2022|
|---|---|---|---|
|||**£**|£|
|Bank loans (see note|11)|**27,348**|30,058|
## **11. LOANS**
The charity has a Bounce Back loan of £27,348 during the year (2022 - £30,000).
## **12. MOVEMENT IN FUNDS**
|At 1.4.22
£
**Unrestricted funds**
General fund
**599**
**Restricted funds**
Restricted
**36,932**
**TOTAL FUNDS**
**37,531**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**127,302**
**Restricted funds**
Restricted
**37,427**
**TOTAL FUNDS**
**164,729**
**Comparatives for movement in funds**
At 1.4.21
£
**Unrestricted funds**
General fund
17,007
**Restricted funds**
Restricted
24,672
**TOTAL FUNDS**
41,679|Net
movement
At
in funds
31.3.23
£
£
**641**
**1,240**
**5,792**
**42,724**
**6,433**
**43,964**
Resources
Movement
expended
in funds
£
£
**(126,661)**
**641**
**(31,635)**
**5,792**
**(158,296)**
**6,433**
Net
movement
At
in funds
31.3.22
£
£
(16,408)
599
12,260
36,932
(4,148)
37,531|
|---|---|
Page 11
continued...
**PERCY COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **12. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|Incoming
resources
£
168,758
12,260
181,018|Resources
Movement
expended
in funds
£
£
(185,166)
(16,408)
-
12,260
(185,166)
(4,148)|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|Net
movement
At 1.4.21
in funds
£
£
17,007
(15,767)
24,672
18,052
41,679
2,285|At
31.3.23
£
1,240
42,724|
|---|---|---|
|||43,964|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|Incoming
resources
£
296,060
49,687
345,747|Resources
Movement
expended
in funds
£
£
(311,827)
(15,767)
(31,635)
18,052
(343,462)
2,285|
|---|---|---|
Page 12
continued...
**PERCY COMMUNITY CENTRE**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **13. RELATED PARTY DISCLOSURES**
At 31/03/2023 there was an outstanding debt by YogaKave of £497.50. One of the two owners of YogaKave is Alex Mackenzie who was at the time the debt was incurred a trustee of the Percy Centre. Alex Mackenzie resigned as trustee on 15 November 2022.
Page 13
**PERCY COMMUNITY CENTRE**
**DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31 MARCH 2023**|||
|---|---|---|
||2023|2022|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**11,281**|20,253|
|**Other trading activities**|||
|Room hire and other income|**110,031**|89,422|
|After school clubs|**5,854**|14,931|
|Plant insulation grant|**-**|1,000|
|Mental health support group|**-**|9,200|
||**115,885**|114,553|
|**Investment income**|||
|Deposit account interest|**263**|-|
|**Other income**|||
|Government grants|**37,300**|46,212|
|**Total incoming resources**|**164,729**|181,018|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|**123,640**|156,185|
|Sundries|**3,214**|-|
||**126,854**|156,185|
|**Other**|||
|Core costs|**20,953**|26,356|
|After schools clubs|**1,601**|2,178|
|Percy Youth Project|**1,035**|447|
|BWCE Plant insulation|**653**|-|
|Community playgroup|**450**|-|
|Mental Health support group|**899**|-|
|Warm Room fund|**324**|-|
|Playscheme|**384**|-|
|No description|**124**|-|
||**26,423**|28,981|
|**Support costs**|||
|**Finance**|||
|Bank charges|**810**|-|
|**Governance costs**|||
|Professional fees|**4,209**|-|
|Total resources expended|**158,296**|185,166|
|**Net income/(expenditure)**|**6,433**|(4,148)|
This page does not form part of the statutory financial statements
Page 14