Abram Community Centre Limited Limited by Guarantee 28 February 2024 Lesal and Administrative Inforniation The Trustees Mr Andrew Spencer Mr Stuart Broad Miss Kelly Harris Mr Steven Hyde Mr Anthony Mairs (Chairl Secretary Miss Kelly Harris Registered Charity Number 1128157 Company Number 05976485 Registered Office I Principle Address Vicarage Road Wigan Lancashire WN2 5QX Independent Examiner FPS Chartered Certified Accountants Levine House 233 Wtgan Road Ashton in Makerfield Wigan WN4 95L Bankers Nat West Bank Plt *AL75RQ6LS• 2110612024 COMPANIES Ht)USE A17 #119 Abram Community Centre Limited Company Limited by Guarantee 28 February 2024 Contents Pa8e Tru5tees' annual report (incorporating the director's report) Independent Examiners. Report to the trustees Statement of Financial Acthvrties (including income and expenditure account) Statement of financial posrt Notes to the financial statements 6t012 Abram Community Centre Limited Company Llmited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) For the Year Ended 28 February 2024 The trustees. who are also the directors for the wrposes of trThpany law. presenttheir report and ihe unaudited financial statements of the charity for the year ended 28 February 2024. Reference and a(Jministrati¥e detsils a￿ pyovided on a sepante information page at the front of these financizl statements. StnKiure• govemance. and rnana8emen¢ The charity is a company limited by guarantee. It wa5 IrKorporated on 24 Ottober 2￿6 and registered a5 8 charity on 19 February 2(XJ9 The company was established under a Memorandum of Assotiation whith established ihe objects and powers of the charitable company and is 8ovemed under its Aflicles of A5x￿latiOn. 7he management committee. who are also the dtrectors forthe purpose of company law, and who seNed durin8 the year were- Mr Andrew Spencer Mr Stuart Broad Miss Kelly Harris Mr Steven Hyde Mr Anthony Mairs Chair None of the management committee has any benefitial interest in the t¢)1￿my. Under the Articles, the members of the n)anagement commtttee are elected at the Annual General Meetfjn8 to serve a period of three years. subjert to ratification at each Annval General Meeting. The management committee meet regvlarlythrwÉhout ihe year io review the ￿rategy. operation5 and performance ol the thaiity. The management commitiee are fully reswnsible for the decision Making process operated by the charity. Current members ofthe management committee a￿ familiar with the practical work of the Charity and their responsibilities and update training 15 provided when considered necessary. Additbonally. new members of the management committee will be provided with approprbate traini￿ and Ind￿tIon. Ourfng the financial year thè dty-tfrday mana8ement of the Char￿ rested with MrAndrew SperKer and Mr Stèvern Ftyde. The management committee ha¥e assessed the mapx risksto whith the Charity is exposed and are satisfied that systems are in place to rnitigate exFM)SUfe to these risks. Abram Community Centre Umited Company limited by Guarantee Tru$tees' Annual Report Icontinuedl For the Year Ended 28 February 2024 Obje(tb¥e and Arti¥itre5 Abrarn Comrnunty Cèntre isa registered charity. bYw1￿￿er$. taskscarried by¢yJrvduntetrs i￿￿dIN8 cleanin& barwork and the r￿￿1￿$ of the centrÈ are Ik)ne with Th) paKI rdes whatevÈr We are a cornmun￿ fa£ilitythat is passitinate ab￿t providi￿ a cornrnun31 pl*cÈwth è mu￿1-purpOse spatefor tyJrcommunity. I money8enerated hiiin8 the £Èhtre 8DÈS back into maintsin?nE the l￿ildI￿ and Impro￿￿8 ourfacililies. Abram Commurmty Centre is home to lotsof ¢Jrfferemt 8roups. club5 #nd cb5se5whith trdke Fdxe every week andthrLw¢houtthe year. Ourprice structure is5et at an affwdable price so ihat everyone can use tyJr ￿li￿e$. Thetrustees confirm that they have referred to the CharitycommissK)n's guidance on publicbETrefft when reY￿￿1ngthe ChoritTrKs aims arwj object¥¥es. in p1anrW￿ futwe a£ts¥ibes. and setting the policie5forthe yeor. A review ofour achie¥ementsand perfornMnte We are proud to welcome hundreds of wsitors to ￿r(Om￿￿Jft1tycentre Eath week. Thi5yearthe CeTrtre have wtOD four community e¥ents freeof charge thisyear for tyJr community. The centre 15 5e1f-5UffK￿nt with all money made from hirin8 tyjt Ehe (entre. we don'i requireyants to*eep open. Ourprice Structu￿ is set at an 4ffordable price so that everyone can use our tscilittes. The centre is open at weekends foi parties. christening5 and events. We have a full¥ IKensed bai with reaSO￿b￿ prittd drinks. Thi5yearwe created a memorial garden io remembef a membeiof tyjr waswell known ￿ many children and inAbraffl. Flnancial Revlew As shown in the statement ol fina￿tal attivities on pa8e4. the thetsurplus fLYtheyear amwited to £1￿0. It isthe politv¢f the ¢horitythat uThrestricted fwds that have not been dew8nated lor a s￿rifiC use shoukl be maifitained at è equivalent ¢)ne rnonth'5 expenditure_ The rnan¥emeni committee conyder5thot reserves at this le?￿1 will emsure thèt, in the eventof a signifirant drop in ￿ndIn& theywill be ab￿t0 c¢)ntifiuÈ the charw's current a£ti¥ff(ies while consideration is given toway5 in wh￿h atwitiorwl fund5 be ftised. Tfv'5 level of re5erye5 has been ma¢ntainel Ihrou8hoUtt￿ year. Srrball caffyany pro¥i5iQnS This report has bèen preparEd in accordance with the prrMsityB a[•"cab￿ io companiesentbtled to the smal companies. exemption. The trustees, annual replxt wa5 approsyd on... ..and swd on behalf of the board of trustees ht: MrAndrew Spenter Direttor Abram Community Centre Limited Company Limited by Guarantee Independent Examinerfs Report to the Tru5tee5 of Abram Commun¢ty Centre Limited Year ended 28 February 2024 I report to the charitytrustees on my examination ofthe accounts of the Company for year ended 28 February 2024 which are set out on p3ge5 4 to 12. Responslblllties and basls of report As the Char￿.$ trustees of the company (who are also the directors of the company for the purpose of company lawl you are responsible for the preparation ofthè accounts in accordan￿ with the ￿qUI￿rneDts ofthe Cornpanies Act 20CIS I'the ?1￿ AU-I. Havlng satlsfied myself that the accounts of the Company are not required to be audited for ihi5 year under Part 16 of the 2006 Art and are eli8ible for independent examination, I report in respect ol my examination of your charity'5 accounts as carried out under section 145 of the Charities Acr 2011 (the 2011 Attl. In tarrying out my exam¢nation. I ha¥e followed the Directions gr¥en ￿ the Charity Cornmission lunder section 14515llbl ol the 2011 Act. Independent examlnerfs statement I have completed my examination. I confirm that no material mattw5 have come to my attention which gives me cause to believe that.. accounting ￿ordS were not kept in accordance with Section 386 of the Companies Act 2CKJ6: or the accounts do not accord wrf¢h such recwds,. or the accounts do not tomply with relevant accounting requirernents under secth)n 396 01 the CornpaniesAct 20CkS other than any requirernent that the accounts give a'true and fair" vièw which is not a matter c￿sidered as part of an independent examination.. of the accounts have not been prepared in accordance with the Charities SORP IFRS1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this ￿port in order to enable 3 woper understanding of the accounts to be reached. Date: l?.L.2V Amanda Kershaw FCCA FPS Chartered Certilied Accountants Levine Hguse 233 Wigan Road Ashton-in-makerfield Wigan WN4 9SL Abram Community Centre Limited Company Limited by Guarantee Statement of Financial Activities (induding Income and Expenditure Account) For the Year Ended 28 February 2024 Vnrestrkted Ilestrlcted Funds Fund5 Total Funds 2024 Total Funds 2023 Note Ir4COME AND ENDOWMEP4TS Donations and legacies Income from charitable activities Invesiment income 72 33.935 72 36,323 32,076 Total income 34.￿7 36.395 32.516 Expendlture Expenditure on raising funds: Costs of voluntary income Expenditure on charitable artivitie5.' Community a¢tivitie5 Other expenditure 10.555 10.555 9,329 18,760 1.115 2,493 1.672 21.253 2,787 21.964 1,265 Total eX￿ndItUre 30.430 4.165 34,595 32.558 Net Incomellexpenditure) and net movement in lunds 3.577 11.7771 1421 Totsl funds brought forward 9,642 2.885 12,527 12,569 Total funds farried forward 13,219 1.108 14.327 12.527 The statement of financial activities include5 all gain5 and105se5 reco8ni5ed in the year. All income and expenditure derivè from continuing artivities. Abram Community Centre Limited Company Limited by Guarantee Statement of Flnancial POsit￿n AsAt 28 February 2014 FIXEDASSETS Tangible assets li 4.214 4.056 CURRENT ASSETS 8arStotks Oebtors Cash at bank and in hand 3.515 112 7.626 11.253 2.334 12 7.032 9.H3 Creditor5: affK>unts falllr* due within oneyear 13 11.1401 10.113 19721 Net current assets 8.471 NetAssws 14.327 12.527 Furrfls of the Chari Unrestrlrted fvnds Restritted funds 16 16 13.219 1.108 9.642 Total £harity 14.327 12.527 For the financial year ended 28 Febnjary 2024 the eornpany was ent￿￿ed to txtmption from audit under Sertion 477 Companies Act 21M)6 r￿￿tIng to smèll companies. Direclors. responsibilities The rnembers have not Teqwred the tharity to obtsirb an audit of its financial statements for the year in question in acwrdince with Section 476-, The directots acknovAedge their re5pon5ibilitie5 for comptytng with the requirement5 of the Act wrth ￿$￿ett to ateounting records and the preparation of financk¥ Statements. These financial statements have been prepared in accordance wilh the provNons applKable to Companies subieu tothe smam companies regime. These finan als ternents were approved by the board of trustees and authorised for ￿sue and are signed on behalf of the board bv: on. Mr Andrew Spencer- Director Abram Community Centre Limited Company Limited by Guarantee Notes to the Accounts For the Year Ended 28 February 2024 l General infom￿50￿ The charity is a private company limiied by8uarantee, re8irtered in England and Wales an(1 a registered charity in England and Wales. ￿ addre55 of the registered Offi￿ iswicaraee Road, Wigan. WN2 5QX 2 Stalementof compl1a￿e These financial statements have been prepared in complranee FRS 102, The Firbancial Reporting Standard appliCa￿e in the UK and the Republic of Ireland.. the Statement of flecomrnendeil Prauice applicable to charities preparingtheir accounts in accordance with the Financial Reporting Standard applicable in the VK and Republic of I￿land IFR5 1021 Ichaiities SORP IFKS 10211 and the Charitbes Act 2011. 3 AccourtSn8 Polkoes 1 Ba￿5 of Preparation The accounts have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenlliture. The financial statement5 are prepared in sterIM￿ which is the functional currenry of the entity- Z fjol￿ ¢on¢em There are no material vncertaintie5 about the charity's ability to continue. 33 Fund accounting Unre5triaed funds are available for Use at the discretion of the trustees to further any of the tharity's purposes. Oesi8nated funds are restrirted fundsearmarked by the trustees for particular future projects or commitment. Restricted funds are subjected to restrictions on their expenditure de(la￿d by the donor or through the terms of an appeal. and fall into one of two 5uMa5se5. restrleted income funds or endowment funds. 3A Incomlng Resour￿$ All incoming resources are included in ihe siatement of finènoèl aCfi¥ities when entitlement has passed to the charity- it is probable that the etonomit benefrt5 aSSOtiètetl with the transattion will ffow to the charity and the amount can be relialAy measured. The followi￿ 5pecrfic ￿ltieS are applied to particular categorie5 of income= Income frorn donations or grants is reco8nwl when there is evbderKe of entitlement to the gift, receipt is probable and its amourf can be measured ￿lIablY. Legacy income is reco8nised when ￿Ceipt 15 probable and entitlement e$ta￿lshed. Income Irom ijonated goods at the fair valuesof the goods urdess this is imwactical ￿ measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts wA￿n received if the value can be reliably rneasured. No amo￿nts are i￿luded forthe contributyon of general vdunteers. Income from contracts for the supply of services is recognised wrth the dejwery of the contracted service. This is classified a5 unrestricted funds unle55 there 15 3 contractual requirement for it io be spent on a particular purp95e and returned if un5Fen¢ in which case it may be regarded as ￿$triCted. Abram Community Centre Limlted Company Limited by Guarantee Notes to the Accounts For the Year Ended 28 Febnmry 2024 5 Re5¢¥Jr￿ Exppnded Expenditure is recognised on an accruals basi5 as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and 15 classified under he•Jir¢s of the statement of financial activities to which it relates. Expenditure on raising funds include5the costs of all fvndraising artivitie5. events. non-charitable trading activities and ihe Sale of donated goods. Expenditure on charitable activities includes all cosis incurred by a charrty in undertaking artivities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the 8overnance of the charity apportioned to charitable xtivities. Other expenditure includes all eXpendIw￿ that is neither related to raisin8 funds for the charity nor part of its expentliture on charitable activities. All costs are allocated to expenditu￿ categories refiecting the use of the resource. Direct costs attributable to a sin8le xtivity are allocated directly to that activity- Shared c05t5 are apportioned between the attivities they contribute to on a reasonable. justffiable ènd consisteni basis. 3.6 Depreuation Depreciation is calculated $0 to write off the c05t or valuation of an asset. be55 its residual value. over the useful econornic life of that asset as follows.. Office Equipment 20% per annum reduan8 balarfe basfjs 7 Debtor5 Trade and other debtots are recognised at the settlement amovnt due after anytrade (thscount offered. Prepayments are valued at the amount prepaid r*t of any trade discounts eto 8 Cash at bank artd In harKI Cash at bank and in hand includes cash and short tenn hb8hty liquid investments with a short maturity of three rnonths or less from the date of ac9uisitK￿ or opening of the deposit or sirnilar account. 3.9 Credltors and Provisions Creditors and provision are retognised where the tharity has a present obtigation resulting from a past event that will probably result in the tran51er of funds lo a third party and the amount due to settle the obligation e3n be measured or estimated reliabty. Creditors and prwsions are normally recogni5ed attheir settlement amount after allowing for any trade discounts due. 3.IOFlnan¢ial Instruments The trust only has financial assets and financial liabilitTres of a knnd that qualify as ba5tc financial instrument5. Basic financial instruments are initially recognised at transacl¢on value and subsequentlv measured at their settlement value wffih the exception of bank loans which are subsequendv mèasured at amortrsed cost usin8 the effective interest method. Abram Community Centre Limited Company Limited by Guarantee Notes to the Accounts For the Year Ended 28 February 2024 4 Donafionsand legaties 2024 2023 DonattoThs and legacies ￿e1ved 72 440 S Income Irom charttable aclhilies 2024 2023 Lixal government grants Aoorn hire and bar sa oiher income 2388 33758 177 5689 25836 551 36323 32076 6 Investment Inwme 2023 Interest receivable Abram Community Centre Limited Company Limited by Guarantee Notes to the Accounts For the Year Ended 28 February 2024 7 Costs ol ¥O￿ntary IMOMÈ Total Totsl 2023 Event tosts Bar Purchases and cost of sale5 Advert15in8 and prOm￿l￿S erKe fees 337 7,352 972 668 9,064 69) 10.555 9.329 8 Communltyactl¥ltles 2024 Wa￿e Dispos IrbsurarKe Travel Heat and light Rates and Water Cleanin8 Gardening Security & Health & Safety Printing. postsge and stafionery Telephone Repairs and maintenance Software & Computer Costs Bank Charges Le8al fees Independent Examinee5fee5 Depreciation 909 1.128 3CKS 3,737 1.104 S88 2.944 2,264 664 587 3.579 1.123 923 1.068 3,744 1.432 1,117 2.625 3,371 337 713 4,301 618 133 1.140 1,053 696 1,014 21.253 21,964 9 OiherexpendS￿ve 2024 2023 Sundries 2787 1265 Abram Community Centre Limited Company Limited by Guarantee Notes to the Accounts For the Year Ended 28 February 2024 io 10 Taxatlon The charitable company is exempt from cOrpNat￿ tax on its charitable ￿ti￿￿e5. 11 TanKible Nmed Assèts OfNce Total Furniture & Equpt C05t At 28 February 2023 Additions 11343 1212 11343 1212 At 28 Felwuary 2024 12555 12555 Depreciation At 28 February 2023 Char8e for the year 7287 1054 7287 1054 At 28 Fetruary 2024 8341 8341 Net book ¥alue At 28 F*bwary 2024 4214 4214 At 28 Felxuary 2023 4056 4056 Abrarn Community Centre Limited Company Umited by Guarantee Notes to the Accounts For the Year Ended 28 February 2024 li 12 Otbto 2024 20 Trade debtors 112 77 112 77 13 Crtdiiors due wiihin on* year 2024 2023 Accruals 1140 872 1140 872 14 Share capltal The charity has no share captial beint a cornpany limited by guarantee. Each member gvarantees to contribute an amount not exceeding £1 in the event of a wnding up situation. IS Restrkted Funds Restricted funds in the year were as follows.- Abram Ward Community Ctropefative- computer equiprnent 2 way radios Wi8an Council Brighter Borough- various projects Abrarn Communily Centre Limited Company Lirnited by Guarantee Notes to the Accounts For the Year Ended 28 February 2024 12 16 An41￿01M9¥¢rn￿ts In fvrtds Unreslrltted Unre5trirled Funds: General fund Balance 28 February 2023 Incoming resources Resources expenses 9642 34007 .30430 Balance Z8 February 2024 13219 Balar￿ IrKom1￿ Resou￿¢5 Balance 28.2.23 Resources Expended 28.2.24 Abram ward ¢ommuhity Ctroperatve Brighter 8orou8h Radios W￿n counol- garden equipment etc W48an Council- lamp post popp 1204 181 241 963 145 2388 15CKI ISLKI 2388 4165 1108 17 Analy5tsof net assets bÈt*wnlunds Unrestti- Ilestri¢ted Totsl cted Fuhds Fund5 Fund balances at 28 February 2024 are rep￿SeAted ￿". Tafitible fixed assets CurrÈnt assets Creditors.. amounts fallin8 th* witl¥n one year 31 1125a -1140 1108 4214 11253 -1140 13219 1108 14327