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2023-12-31-accounts

ST PAULS (SPENNYMOOR) CENTRE LTD

ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Company No 06775990 Charity No 1133347

ST PAULS (SPENNYMOOR) CENTRE LTD

FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

CONTENTS Page
Chairs Report 1
Reference and Administrative Information 2
Members of the board and professional advisors 3
Trustees’ annual report 4
Statement of directors’ responsibilities 10
Independent Examiner’s Report 11
Funds Statements:-
Statement of financial activities 13
Statement of financial activities prior year 14
Resources applied 15
Movement in revenue and capital funds 15
Income and expenditure account 16
Balance sheet 17
Notes to the financial statements 18

ST PAULS (SPENNYMOOR) CENTRE LTD

CHAIRS REPORT

YEAR ENDED 31 DECEMBER 2023

The trustees are pleased to present their annual directors’ report together with the consolidated financial statements of the charity for the year ending 31 December 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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) (effective1 January 2015).

Chairs report

I have been chair of St Pauls Centre Directors for thirteen years and with the effects of the Covid pandemic still around, we have continued to keep people safe, by making sure the building is a safe place.

I am grateful to Durham County Council, Durham Community Action, our local AAP and local Councillors who have funded many Covid Recovery activities during this period. We have worked in partnership with The Whistling Teapot in providing meals for our various activities. Our monthly supper club is still very popular and we have seen regular numbers in attendance. With the help of our Volunteers and funders, we have been able to continue our support groups and additionally supported families during school holidays with food and various activities. Our weekly Dementia support group and a monthly bereavement support group are very much appreciated by those who attend.

Once again throughout the winter period, starting in November, we provide a warm space from 8.30 am -6pm for those needing to keep warm, or in need of warm food. At this point, I must pay tribute and give thanks for the work carried out by our volunteers in these areas.

We continue to have a good relationship with the Whistling Teapot café with whom, in partnership, we supported once again a free Christmas Day lunch for those lonely and vulnerable people within the area.

We welcomed three new Directors this year, and had one resignation – Angela Taylor. We look forward to the expertise the new directors bring to our meetings and our vision for the centre.

The Directors agreed that 2023 was the year to think again about seeking funding for the extension. The centre is extremely busy and we are continually turning people away, as we simply do not have the capacity to take bookings from other external agencies, and those from our community seeking help and support. Having acquired the services of an architect, drawings were produced and building regulations and planning approvals were requested.

In closing, I would like to thank our partners The Whistling Teapot and Damascus Road Sound & Lighting group who share our premises, our grant awarding bodies, Spennymoor Area Action Partnership, Hadrian Trust, and PCP, Durham Community Foundation for their support and to commercial agencies for their support in making our work within the community, possible.

To find out more about the work of the centre, please visit our website www.stpaulsspennymoor.org.uk .

Maureen Aspey (Chair of Directors) Maureen Aspey

1

Reference and Administrative information

Charity name ST PAULS (SPENNYMOOR) CENTRE LTD
Charity Number 1133347
Company Number 6775990
Registered Office and St Pauls Centre
Operational address St Pauls Gardens
Spennymoor
Co. Durham
DL16 7LR
Members of the Mrs Maureen Aspey
Executive Committee Shelley Tindale (appointed 22ndJune 2023)
Chris Tindale (appointed 22ndJune 2023)
Karen McDowell (appointed 9thSept. 2023)
Mr John May
Mrs Greta Taylor
Rev Matt Tarling
Mr. Phil Brown
Ms Angela Taylor (resigned 22ndJune 2023)
Ms Laura Birkin
Company Secretary
 Mr Maurice Aspey
Centre Manager
 Mr Maurice Aspey
Treasurer Mr Maurice Aspey /Miss Debbie Hopper
Independent Examiner Tracy Lewis Bowman
3 Bonnie Grove
Byers Green
Spennymoor
Co Durham
DL16 7QH
Bankers Barclays Bank PLC
Jenkins House
Bob Hardisty Drive
Bishop Auckland
Co Durham
DL14 7TH
Solicitors Smith Roddam
56 North Bondgate
Bishop Auckland
Co Durham DL14 7PG

2

ST PAULS (SPENNYMOOR) CENTRE LTD

MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS

YEAR ENDED 31 DECEMBER 2023

The Management Committee, being Trustees and Directors of the Company, present their report and financial statements for the year ended 31 December 2023.

The Trustees who served during the year were:

Mrs Maureen Aspey, Director/Chair Mrs Greta Taylor, Director/Support Organisation Mr Philip Brown, Director/ Support Organisation Mrs Shelley Tindale Director / Volunteer support (appointed June 2023) Mr Chris Tindale Director/ support organisation & Building facilities (appointed June 2023) Ms. Karen McDowell Director/ support organisation (appointed June 2023) Ms Laura Birkin Director / Community Representative The Rev Matt Tarling Director/Support Organisation Ms Angela Taylor Director/ Support Organisation (resigned June 2023) Mr John May Director/ Support Organisation

Trustees are elected or re-appointed on an annual basis at the AGM.

Non-Directors & Personnel:

Mr Maurice Aspey Company Secretary/Centre Management Miss Debbie Hopper Minute taker

3

ST PAULS (SPENNYMOOR) CENTRE LTD

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2023

Objects of the Charity

1. Structure, Governance and Management

Governing document

St Pauls (Spennymoor) Centre Ltd was incorporated on 19 December 2008 as a Company Limited by Guarantee and is governed by its Memorandum and Articles of Association, Company number 06775990.

St Pauls (Spennymoor) Centre Ltd is a registered Charity, number 1133347 on 18 December 2009.

Every member of the Company undertakes to contribute to the assets of the Company in the event of its being wound up while he or she or it is a member, or within one year afterwards, for the payments of the debts and liabilities of the Company contracted before the time at which membership ceased, and of the costs, charges and expenses of winding up the same, and for the adjustments of the rights of the contributors amongst themselves such amount as may be required not exceeding £1.00.

Organisation

St Pauls (Spennymoor) Centre Ltd is a Company Limited by Guarantee and organised with a Management Committee comprising elected and nominated members from the Parish Church of St Pauls, Spennymoor and from the local community. The Charity operates from St Pauls Centre, St Pauls Gardens, Spennymoor, County Durham and operates within Spennymoor and surrounding area. Membership of St Pauls (Spennymoor) Centre Ltd is voluntary and is free.

4

Organisational Structure

The Memorandum and Articles of Association allows for an Executive Committee of between 6 and 20 Trustees. The Chief Officer is the Company Secretary and has a voting right. The Executive Committee meets on a regular basis and sub-groups and working parties meet as and when appropriate.

Day to day management of the organisation is carried out by the Centre Manager who is supported by Volunteers. The Centre Manager has an additional responsibility to support the Chief Officer duties in implementing key issues.

All staff are given line management, supervision and annual appraisal to ensure they are actively supported and undertake training and development where necessary.

2. Recruitment and Appointment of the Executive Committee

The Directors of the Company are also Charity Trustees for the purposes of Charity Law and under the Company’s Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association, the Trustees are drawn from the membership and are elected at an Annual General Meeting. At each AGM, the longest serving third of the elected members retire from office and are able to re-stand for election.

The opportunity for appointment as a Trustee is promoted widely and the Chief Officer provides informal meetings for those who are potentially interested in becoming Trustees, to inform them of the work of St Pauls (Spennymoor) Centre Ltd and the role and responsibilities of St Pauls (Spennymoor) Centre Ltd Director Trustees.

Trustee Induction and Training

An induction pack is in place to provide new Trustees with a range of information on St Pauls (Spennymoor) Centre Ltd and the Management Committee. Initial induction sessions are arranged with the Chair person and involve any new Trustees. Training sessions and ad hoc support sessions are available to all Trustees and the Chairperson operates an open door policy for all Trustees. The Management Committee have also ensured that contact details of Trustees continue to be shared to allow for contact between Trustees.

All Trustees are informed of the St Pauls (Spennymoor) Centre Ltd training opportunities available to the Voluntary Sector groups and organisations.

Activities

Significant Activities

The charity’s principal activity during the period was to further continue the promotion of the Centre, consolidate the organisational management, development and usage of the Centre in its tenth full year of operation and to further upgrade the fabric of the building.

In pursuit of its objects, the charity has maintained close contact with user groups, partners and external service providers as the Centre has progressed.

The Directors continue to value the important contribution to the overall programme and ethos of the centre by the two Social Enterprise Companies who use workspace within the Centre, Damascus Road Technical Services Ltd and The Whistling Teapot (CIC)

5

The Directors have also valued the leadership and work of Mr Maurice Aspey, the part time Centre Manager under whose direction positive progress continues to be made in extending the range of user groups and also in general management of the infrastructure and maintaining the high standards of public relationships on behalf of the Centre.

3 Charity’s strategies

The trustees have set key strategic objectives for the organisation which are set to ensure the achievement of the vision. All work delivered by St PAULS (Spennymoor) Centre Ltd trustees and staff will be done so in line with the objectives and is reported to trustees and regularly reviewed.

The strategic objectives are:

4 Achievements and Performance

Performance

This thirteenth year of the Company/Charity has been a period of further consolidation under difficult and challenging times, to ensure the St Pauls Centre provides a professional, welcoming and safe experience and environment for all who either work in the centre or visit and use the facilities as service users.

This has required the directors/trustees to ensure their compliance with all statutory requirements and to ensure financial and other credibility. They have also endeavoured to ensure the Centre operates in accordance with the vision of the St Pauls Parish Church.

Roles and responsibilities of directors/trustees are regularly reviewed as part of a capacity building strategy and this process continues.

All Company/Trust policies are reviewed and, where necessary, updated by the trustees/directors on an annual basis as part on an ongoing review and familiarisation.

The following groups listed below are operating from the centre. The support groups have continued for those who are feeling isolated and lonely but now meet fortnightly. During the year statistical and programme data includes:

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We have continued to increase our fundraising events this year and held another fashion show. The monthly supper club is very popular. We have introduced concerts, and Ceilidh’s which prove to be popular with the community.

.

The footfall for the year was 21,694. This is almost at the same level as pre-previous years.

The directors/trustees record their appreciation to our workspace occupants, The Whistling Teapot and Damascus Road Sound & Lighting Ltd who continue to pro-actively support the development of the Centre.

External funding was attracted during the year to support:

The Directors convey their appreciation to the funders without which support we could not deliver these important and valued programmes.

7

There is a continual need for maintenance and minor repairs and the Directors convey their appreciation to Maurice Aspey for assuming this responsibility and ensuring the Centre remains both attractive and efficient for visitors and user groups.

We are now in the thirteenth anniversary of the St PAULS Centre and, as part of this process; we are now seeking capital funding to allow for extending our building and community facilities.

5 Financial review

The charity's financial position at the end of the year ended 31 December 2023

The financial position of the charity at 31 December 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Net income
Unrestricted Revenue Funds available for the general
purposes of the charity
Designated Revenue
Funds
Total Unrestricted
Funds
Restricted Revenue
Funds
Total Funds		 2023
£
1,210
27,010
40,052
67,062
25,396
92,458		 2022
£
(14,218)
27,010
43,640
70,650
20,598
91,248

Financial review of the position at the reporting date, 31 December 2023 .

The trustees consider the financial performance of the charity to have been satisfactory. Specific changes in fixed assets are detailed in the notes to the accounts.

Investment powers

Under the Memorandum and Articles of Association the charity has the power to make any investment that the management committee sees fit.

Investment policy

The management committee has the power to invest any surplus funds as they see fit.

Reserves policy

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The management committee considers it prudent to pursue a policy whereby they maintain unrestricted reserves at a level equivalent to 3 months running costs and redundancy entitlements.

The actual free reserves of £6,000 at 31 December 2023 are considered adequate to cover any timing differences arising whereby expenditure is incurred prior to receipt of funding income.

Risk Management

An ongoing risk review process is carried out to identify major funding opportunities available to the charity and also any risks to which it is exposed. The management committee will review financial activities regularly, with remedial Action being taken to compensate for any projected funding shortfall or overspend. Internal risks are minimised by a system of internal controls, including authorisation and monitoring controls.

Details of The Independent Examiner

Tracy Lewis Bowman Member of Association of Accounting Technicians 3 Bonnie Grove Byers Green County Durham DL16 7QH

9

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 13 June 2024.

Maureen Aspey Trustee

10

St Paul's Centre (Spennymoor) Ltd

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 December 2023

I report to the Trustees on my examination of the financial statements of the charity on pages 13 to 17 for the year ended 31 December 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 18/19.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 10, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

11

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

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 financial statements to be reached.

Signed:-

TRACY LEWIS BOWMAN - Independent Examiner

Association of Accounting Technicians

3 Bonnie Grove Byers Green Spennymoor County Durham DL16 7QH

This report was signed on 13 June 2024

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ST PAUL'S (SPENNYMOOR) CENTRE LTD - Statement of Financial Activities for the year ended 31 December 2023

Statement of Financial Activities for the year ended 31 December 2023

SORP
Ref
Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Total expenditure
B
Net income for the year
Transfers between funds
C
Net income after transfers
A-B-
C
Net movement in funds
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward		 Current year
Unrestricted
Funds
2023
£
10,613
34,647
4,850
50,110
1,761
66,950
68,711
(18,601)
15,013
(3,588)
(3,588)
70,650
67,062		 Current
year
Restricted
Funds
2023
£
37,515
1,189
-
38,704
-
18,893
18,893
19,811
(15,013)
4,798
4,798
20,598
25,396		 Current
year
Total Funds
2023
£
48,128
35,836
4,850
88,814
1,761
85,843
87,604
1,210
-
1,210
1,210
91,248
92,458		 Prior
Year
Total
Funds
2022
£
42,477
36,968
1,698
81,143
1,415
93,946
95,361
(14,218)
-
(14,218)
(14,218)
105,466
91,248

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 18 to 32 form an integral part of these accounts.

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ST PAUL'S (SPENNYMOOR) CENTRE LTD - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

SORP
Ref
Income from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Total expenditure
B
Net income for the year
Transfers between funds
C
Net income after transfers
Net movement in funds
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Prior Year
Unrestricted
Funds
2022
£
1,204
29,687
1,698
32,589
1,415
56,348
57,763
(25,174)
20,558
(4,616)
(4,616)
75,266
70,650		 Prior Year
Restricted
Funds
2022
£
41,273
7,281
-
48,554
-
37,598
37,598
10,956
(20,558)
(9,602)
(9,602)
30,200
20,598		 Prior Year
Total Funds
2022
£
42,477
36,968
1,698
81,143
1,415
93,946
95,361
(14,218)
-
(14,218)
(14,218)
105,466
91,248

All activities derive from continuing operations

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'

The notes attached on pages 18 to 32 form an integral part of these accounts.

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ST PAUL'S (SPENNYMOOR) CENTRE LTD - Resources applied in the year ended 31 December 2023 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed
assets
Net resources available to fund charitable
activities		 2023
£
1,210
-
1,210		 2022
£
(14,218)
(7,156)
(21,374)

Movements in revenue and capital funds for the year ended 31 December 2023

Revenue accumulated funds

Accumulated funds brought
forward
Recognised gains and losses
before transfers
(From)/To unrestricted
revenue funds
Closing revenue funds		 Unrestricted
Funds
2023
£
70,650
(18,601)
52,049
15,013
67,062		 Restricted
Funds
2023
£
20,598
19,811
40,409
(15,013)
25,396		 Total
Funds
2023
£
91,248
1,210
92,458
-
92,458		 Last
year
Total
Funds
2022
£
105,466
(14,218)
91,248
-
91,248

Designated revenue funds included within the unrestricted funds above

At 1 January
Transfer (to)/from revenue
accumulated funds
At 31 December		 Total
Funds
2023
£
43,640
(3,588)
40,052		 Last
year
Total
Funds
2022
£
35,622
8,018
43,640

The purposes for which these funds have been designated are described in Note 34 to the accounts.

Summary of funds
Revenue accumulated funds
Revenue designated funds
Total funds		 Unrestricted
and
Designated funds
2023
£
27,010
40,052
67,062		 Restricted
Funds
2023
£
25,396
-
25,396		 Total
Funds
2023
£
52,406
40,052
92,458		 Last
Year
Total
Funds
2022
£
47,608
43,640
91,248

The notes attached on pages 18 to 32 form an integral part of these accounts.

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ST PAUL'S (SPENNYMOOR) CENTRE LTD Income and Expenditure Account for the year ended 31 December 2023 as required by the Companies Act 2006

Income
Income from operations
Investment income
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Fundraising costs
Governance costs
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Net income before tax in the financial year
Tax on surplus on ordinary activities
Net income after tax in the financial year
Retained surplus for the financial year
All activities derive from continuing operations		 2023
£
88,814
-
88,814
88,814
79,309
5,146
1,761
1,388
87,604
1,210
-
1,210
1,210		 2022
£
81,143
-
81,143
81,143
85,716
6,862
1,415
1,368
-
95,361
(14,218)
-
(14,218)
(14,218)

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 18 to 32 form an integral part of these accounts.

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ST PAUL'S (SPENNYMOOR) CENTRE LTD - Balance Sheet as at 31 December 2023

Notes
SORP
Ref
2023
£
Fixed assets
A
Tangible assets
10
A2
20,189
Current assets
B
Debtors
11
B2
10,180
Cash at bank and in hand
B4
65,765
Total current assets
75,945
Creditors: amounts falling due within
one year
12
C1
(3,676)
Net current assets
72,269
The total net assets of the charity
92,458
The total net assets of the charity are funded by the funds of the charity, as follows:-
Restricted funds
Restricted Revenue Funds
16
D2
25,396
Unrestricted Funds
Unrestricted Revenue Funds
16
D3
27,010
Designated Funds
Designated Revenue Funds
16
D3
40,052
Total charity funds
92,458		 6,930
74,205		 2022
£
25,335
65,913
81,135
(15,222)
91,248
20,598
27,010
43,640
91,248

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Maureen Aspey Trustee Approved by the board of trustees on 13 June 2024

The notes attached on pages 18 to 32 form an integral part of these accounts.

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St Paul's Centre (Spennymoor) Ltd

Notes to the Accounts for the year ended 31 December 2023

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

.

Going Concern

The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 December 2023, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.

Risks and future assumptions

The charity is a public benefit entity.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from nonexchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

18

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

Donated goods, facilities and services

Donated goods that are not fixed assets are accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items.

In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales.

If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense.

The costs of goods donated for distribution to beneficiaries is deemed to be the fair value of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a cost of donations made.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note7.

19

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Equipment, Furniture & Fittings 20 % Reducing Balance Computer Equipment 33.33 % straight line

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after following any trade discounts due

Cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 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 on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

20

Significance of financial instruments to the charity's 4 position

The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 of FRS 102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS 102 SORP

5 Net surplus before tax in the financial year

Net surplus before tax in the financial year
2023 2022
£ £
The net surplus before tax in the financial year is stated after
charging:-
Depreciation of owned fixed assets 5,146 6,862

6 Donated goods, services and facilities

Current year
Included in Other Trading Income:-
Income from the sale of donated goods		 Current
year
Unrestricted
Funds
2023
£
140
140		 Current
year
Restricted
Funds
2023
£
-
-		 Current
year
Total
Funds
2023
£
140
140		 Prior Year
Total
Funds
2022
£
76
76

7 The contribution of volunteers

The charity depends on the support of its volunteers, which is much appreciated. The charity has 30 Volunteers who donate 1 -3 hours weekly of their time in helping either to get rooms ready, to facilitating events, running small groups. It is estimated that without the help of volunteers, some of the support activities would be difficult to carry on. The foodbank volunteers give 3 hours per week with 8 volunteers in any one week which total £1188 yearly. Rainbows and guides & support groups are led by 11 volunteers each giving 3 hours per week, totalling £18876 (based on 42 weeks). The arrangements with some of our volunteers and those who are also directors are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.

21

8 Staff costs and emoluments

Salary costs
Gross Salaries excluding trustees and key management personnel
Total salaries, wages and related
costs
The average number of part time staff employed in the year was		 2023
£
6,556
6,556
1		 2022
£
5,660
5,660
1

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

Remuneration and payments to Trustees and persons connected with 9 them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

10 Tangible fixed assets

Cost
At 1 January 2023
Additions
Disposals
At 31 DECEMBER 2023
Depreciation
At 1 January 2023
Charge for the year
Disposals
At 31 DECEMBER 2023
NET BOOK VALUE
At 31 DECEMBER 2023
At 31 December 2022		 Equipment
£
16,079
-
-
16,079
10,264
1,162
-
11,426
4,653
5,815		 Fixtures,
fittings&
Furnishings
£
43,770
-
-
43,770
24,350
3,884
28,234
15,536
19,420		 Computer
equipment
£
4,256
-
-
4,256

4,156
100
-
4,256
-
100		 Total
£
64,105
-
-
64,105
38,770
5,146
43,916
20,189
25,335

22

11 Debtors

Debtors
Trade debtors
Prepayments and accrued
income
Other debtors		 2023
£
5,824
1,320
3,036
10,180		 2022
£
1,238
725
4,967
6,930

Other Debtors includes a balance of an amount that was stolen from cash takings, reported to the Charity Commission 17[th] May 2023

12
Creditors: amounts falling due within
one year
Trade creditors
Accruals
Deferred Income – AAP Warm spaces
13
Income and Expenditure account
summary
At 1 January 2023
(Loss)/Surplus after tax for the year
At 31 December 2023		 2023
£
251
3,425
-
3,676
2023
£
91,248
1,210
92,458		 2022
£
59
6,450
8,713
15,222
2022
£
105,466
(14,218)
91,248

23

14 Related Party transactions
2023 2022
£ £
Maureen Aspey
Trustee Director
Amounts paid from Virgin grant for music tuition 175 1,726
BTS Ltd
Maurice Aspey is a director of BTS Ltd and Manages the centre
Amounts paid from Grants for Tuition and Facilitation 0 1,040
The Whistling Teapot
Angela Taylor is a director of The Whistling Teapot and a Trustee Director
until June 2023
Amounts paid from various grants for meals until June 2023 8,652 18,249
Damascus Road Technical Services Ltd
Philip Brown is a director of Damascus Road Technical Services Ltd and a
Trustee Director
Amounts paid from various grants for running films 555 0
15
Particulars of how particular funds are represented by assets
and liabilities
At 31 December 2023
Unrestricted
Designated
funds
funds
£
£
Tangible Fixed Assets
4,623
Current Assets
10,497
40,052
Current Liabilities
(3,676)
11,444
40,052
At 1 January 2023
Unrestricted
Designated
funds
funds
£
£
Tangible Fixed Assets
5,877
-
Current Assets
8,184
43,640
Current Liabilities
(6,509)
-
7,552
43,640		 Restricted
funds
£
15,566
25,396
40,962
Restricted
funds
£
19,458
29,311
(8,713)
40,056		 Total
Total
Funds
Funds
£
£
20,189
20,189
75,945
75,945
(3,676)
(3,676)
92,458
92,458
Total
Total
Funds
Funds
£
£
25,335
25,335
81,135
81,135
(15,222)
(15,222)
91,248
91,248

24

16 Fund Movements

Unrestricted
Donations/Gift Aid
General funds
A
Designated
Fundraising
Photography club
Seedbed Gift
Extension fund
Exercise Fund
W Wilkinson
B
Total unrestricted
and designated
funds
A+B
Restricted
Foodbank
PHE – Stamp it out
Moving on
Happiness Hub -
Dementia
Ukraine Fund
DCC Fun with Food
Hadrians Trust
Happiness Hub –
Wellbeing Fridays
Warm Spaces AAP
Warm Spaces - DCF
Warm Spaces –
Spennymoor town
council
DCF Community Grant
C
TOTAL FUNDS		 Balance
at 1
January
2023
£
-
27,010
27,010
19,591
499
10,000
8,247
5,303
43,640
70,650
3,375
3,772
5,750
1,611
5,332
-
758
-
-
-
-
-
20,598
91,248		 Income
£
7,218
28,552
35,770
8,023
-
-
6,317
14,340
50,110
2,890
-
930
479
-
1,920
500
6,160
17,425
1,500
400
6,500
38,704
88,814		 Expendit
ure
£
-
(58,163)
(58,163)
(4,250)
(76)
-
(3,621)
(2,601)
(10,548)
(68,711)
(1,740)
-
(3,190)
(1,265)
(2,181)
(1,866)
(435)
(702)
(5,542)
(500)
(400)
(1,072)
(18,893)
(87,604)		 Transfers
between
funds
£
(7,218)
29,611
22,393
(17,016)
30
(10,000)
14,731
75
4,800
(7,380)
15,013
-
(3,772)
(450)
(174)
(2,439)
-
(823)
5
(5,590)
(1,000)
-
(770)
(15,013)
-		 Balance at
31
December
2023
£
-
27,010
27,010
6,348
453
-
19,357
9,094
4,800
40,052
67,062
4,525
-
3,040
651
712
54
-
5,463
6,293
-
-
4,658
25,396
92,458

25

17. The purpose for which the funds in note 16 are held by the charity are:

Unrestricted revenue funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.

Designated Funds

This is from money raised from events, travel club and sale of books, Fundraising DVD’s and refreshments and is designated for the upkeep of the building

This funding helps sustain the weekly wellbeing group mainly the exercise group, and the music and singing groups. This has not been Seedbed Gift used in the year due to Covid restrictions THE SEEDBED GIFT OF K10 WAS TRANSFERRED TO THE EXTENSION FUND 7[th] SEPT 2023

This funding from Seedbed was to set up a photography group for Photography club those with mental health issues. To purchase equipment and pay for room hire, and exhibition space Extension Fund Monies allocated for our extension fund from own funds and from fund raising events Exercise Fund Exercise class partly funded by Ways to Wellbeing DCC from January to May, and then self-financing., as the instructor moved on.

Restricted Funds

holiday club in school holidays for children and their families AAP/DOE/DCC fun with food struggling throughout COVID

Virgin

To support the Wellbeing activities, which commenced Jan 2020 for 3 years. This funding pays for Art tutor, music tuition, exercise group tutor, and business group. Then top up received in 2023

Foodbank

Donations received from the local community and local businesses in support of the St Pauls Centre Foodbank scheme

Public health England provided financial support to enable the PHE – Stamp it Out centre to provide specific support groups for those people struggling with their mental health as a direct result of covid 19 lockdown

Moving on

Various activities planned to encourage people to move out of covid recovery back to some normality. Funded by AAP

PCP Happiness Hub - Dementia Funded by Pioneering Care Trust to support those with dementia and their carers

PCP – Ukraine Fund

Hadrians Trust – Warm spaces/ Wellbeing Fridays

To connect refugees living in our area, bringing them together to meet others, and helping them with basic understanding of the English Language

To help those in our community in need of a warm space over the winter months. From July 2023 we received a further grant to help with providing lunch for Wellbeing Fridays

AAP – Warm Spaces

To help those in our community in need of a warm space and a hot meal over the winter months

26

PCP Happiness Hub – Wellbeing Fridays

To support those who are lonely and feel isolated by providing lunch and activities. Open to all ages

DCF – Community Grant

To provide music tuition for those with mental health problems, and help with room hire and facilitator costs

18 Ultimate controlling party

The charity is under the control of its legal members.

Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

27

Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

19
Donations and Legacies
Current
year
Unrestricted
Funds
2023
£
Donations and gifts from individuals
Small donations individually less than £1000
1,418
Witness Choir
W Wilkinson
4,800
J Stephenson for Extension
1,000
Total donations and gifts from individuals
7,218
Revenue grants from government and public bodies
Foodbank
Virgin Money Foundation
2,895
Fun With Food
-
DCC Moving on
-
PCP micro grant
500
PCP Happiness Hub - Dementia
-
PCP happiness Hub - Ukraine
-
Creative Arts
-
Hadrians Trust – Warm Spaces
-
PCP – Wellbeing Fridays
-
AAP – Warm Spaces
-
DCF – Warm Spaces
-
Spennymoor Town Council – Warm Space
-
DCF – Community grant
-
Total public sector revenue grants
3,395
Revenue grants and donations from non public bodies
Foodbank donations £2000 from unite union
-
-
Total private sector revenue grants
-
Capital grants from government and public bodies
AAP Building alterations
-
Total Donations and Legacies
A1
10,613		 Current
year
Restricted
Funds
2023
£
-
-
1,000
-
1,000

-
1,920
-
500
-
-
-
500
5,880
17,425
1,500
400
5,500
33,625
2,890
2,890
-
37,515		 Current
year
Total
Funds
2023
£
1,418
5,800
1,000
8,218
-
2,895
1,920
-
1,000
-
-
-
500
5,880
17,425
1,500
400
5,500
37,020
2,890
2,890
-
48,128		 Prior Year
Total
Funds
2022
£
629
100
-
-
729
-
9,651
2,160
13,266
725
4,600
7,500
1,000
1,000
-
-
-
-
-
39,902
1,846
-
1,846
-
42,477

28

20 Income from charitable activities - Trading Activities

Current year
Unrestricted
Funds
2023
£
Primary purpose and ancillary trading
Sale of goods and services in accordance with the
charity's objects
3,422
Hire of Facility
11,995
Recharge of utilities
8,113
Letting of property for charitable purposes
7,944
Tea dance income & supper club
3,173
Total Primary purpose and ancillary trading
34,647
21
Total Income from charitable activities
Current year
Unrestricted
Funds
£
2023
Total income from charitable trading
34,647
Total from charitable activities
A2
34,647
22
Income from other, non charitable, trading activities
Current year
Unrestricted
Funds
2023
£
Income from fundraising events
4,709
Income from the sale of donated goods
141
Total from other activities
A3
4,850		 Current year
Restricted
Funds
2023
£
1,189
-
-
-
-
1,189
Current year
Restricted
Funds
£
2023
1,189
1,189
Current year
Restricted
Funds
2023
£
-
-
-		 Current year
Total Funds
2023
£
4,611
11,995
8,113
7,944
3,173
35,836
Current year
Total Funds
£
2023
35,836
35,836
Current year
Total Funds
2023
£
4,709
141
4,850		 Prior Year
Total Funds
2022
£
7,586
10,726
7,201
7,944
3,511
36,968
Prior Year
Total Funds
£
2022
36,968
36,968
Prior Year
Total Funds
2022
£
1,622
76
1,698

29

23 Expenditure on charitable activities - Direct spending

Current Year
Gross wages and salaries - charitable
activities
Facilitator
Tutors
Catering and refreshments
Materials
Admin Assistant
foodbank
Entertainment
Total direct spending
B2a
All the expenditure in the prior year was
unrestricted.
Prior Year
Gross wages and salaries -
charitable activities
Facilitator
Tutors
Catering and refreshments
Materials
Admin assistant
foodbank
Entertainment
Total direct spending
B2a		 Current year
Unrestricted
Funds
2023
£
6,556
-
1,960
443
76
720
-
-
9,755
Prior Year
Unrestricted
Funds
2022
£
5,660
-
-
63
81
1,921
-
7,725		 Current
year
Restricted
Funds
2023
£
-
2,234
1,490
11,553
174
409
1,740
50
17,650
Prior Year
Restricted
Funds
2022
£
-
1,140
9,327
22,956
843
285
361
300
35,212		 Current
year
Total
Funds
2023
£
6,556
2,234
3,450
11,996
250
1,129
1,740
50
27,405
Prior Year
Total
Funds
2022
£
5,660
1,140
9,327
23,019
924
2,206
361
300
42,937		 Prior Year
Total
Funds
2022
£
5,660
1,140
9,327
23,019
924
2,206
361
300
42,937

24 Expenditure on charitable activities- charitable trading

Current Year
Tea dance & supper club expenses
Total grantmaking costs
B2b		 Current year
Unrestricted
Funds
2023
£
2,489
2,489		 Current year
Restricted Funds
2023
£
-
-		 Current
year
Prior Year
Total
Funds
Total
Funds
2023
2022
£
£
2,489
1,241
2,489
1,241

30

25 Support costs on charitable activities

Current
year
Current
year
Unrestricted
Funds
Restricted
Funds
2023
2023
£
£
Employee costs not included in direct
costs
Travel and subsistence - staff
-
478
Volunteer costs
Volunteers' expenses
166
-
Premises Expenses
Rent payable under operating leases
400
-
Rates and water charges
1,359
-
Light heat and power
19,372
-
Cleaning and waste management
4,120
-
Premises repairs, renewals and
maintenance
2,240
-
Other Premises Costs
1,454
-
Property insurance
2,714
-
Administrative overheads
Telephone, fax and internet
1,126
-
Stationery and printing
430
-
Membership subscriptions
249
-
Hire of equipment
-
-
Advertising and publicity
-
-
Software licences and expenses
943
-
Sundry expenses
77
-
Licences & Permits
904
765
Refreshments
1,688
-
Bad Debts
215
-
DBS checks
24
-
Professional fees paid to advisors other than the auditor or
examiner
Legal fees
-
Professional fees
3,621
-
Consultancy fees
7,070
-
Financial costs
Depreciation & Amortisation in total for
the period
5,146
-
Support costs before reallocation
53,318
1,243
Total support costs
53,318
1,243		 Current
year
Total
Funds
2023
£
478
166
400
1,359
19,372
4,120
2,240
1,454
2,714
1,126
430
249
-
-
943
77
1,669
1,688
215
24
3,621
7,070
5,146		 Prior Year
Total
Funds
2022
£
510
529
400
1,243
16,788
1,343
597
1,664
2,515
1,419
-
50
570
306
894
17
1,535
856
-
-
3,394
6,908
6,862
54,561
54,561		 48,400
48,400

31

Other Expenditure - Governance 26 costs

Independent Examiner's fees
Companies house fee
Total Governance costs
27
Total Charitable expenditure
Total direct spending
B2a
Total charitable trading costs
B2b
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2
28
Expenditure on raising funds and costs of
Cost of fundraising activities
Total fundraising costs
B1		 Current
year
Current
year
Unrestricted
Funds
Restricted
Funds
2023
2023
£
£
1,375
-
13
-
1,388
-
Current
year
Current
year
Unrestricted
Funds
Restricted
Funds
2023
2023
£
£

9,755
17,650

2,489

53,318
1,243

1,388
-

66,950
18,893
investment management
Current
year
Current
year
Unrestricted
Funds
Restricted
Funds
2023
2023
£
£
1,761
-
1,761
-		 Current
year
Total
Funds
2023
£
1,375
13
1,388
Current
year
Total
Funds
2023
£
27,405
2,489
54,561
1,388		 Prior Year
Total
Funds
2022
£
1,355
13
1,368
Prior Year
Total
Funds
2022
£
42,937
1,241
48,400
1,368
85,843 93,946
Current
year
Total
Funds
2023
£
1,761		 Prior Year
Total
Funds
2022
£
1,415
1,761 1,415

29 Post Balance Sheet Event

A debtor of the charity ceased trading in March 2024 and the debt may have to be written off.

32

The following page does not form part of the financial statements

33

St Paul's Centre (Spennymoor) Ltd

Detailed Financial Statements Year Ended 31st December 2023

Income
Donations
Grants
Sales of Goods & services
Hire of Facility
Recharge of Utilities
Rental Income
Fundraising
Total Income
Expenditure
Wages
Tutors
Grant expenses
Costs of fundraising
Materials
Administrative Assistant
Rent
Rates & Water
Light & Heat
Cleaning
Premises Expenses
Property Insurance
Telephone & Internet
Stationery & printing
Software Licences & Expenses
Licences & Permits
Catering & Refreshments
Membership subscriptions
Sundries
DBS checks
Volunteer expenses
Consultancy
Professional Fees
Independent Examiner
Companies house
bad debts
Depreciation
Total Expenditure
Net (Expenditure)/Income		 2023
£
8,218
39,910
4,611
11,995
8,113
7,944
8,023
88,814
6,556
1,960
18,893
4,250
76
720
400
1,359
19,372
4,120
3,694
2,714
1,126
430
943
904
2,131
249
77
24
166
7,070
3,621
1,375
13
215
5,146
87,604
1,210		 2022
£
729
39,902
9,432
10,726
7,201
7,944
5,209
81,143
5,660
-
37,598
2,656
81
1,921
400
1,243
16,788
1,343
2,262
2,515
1,149
-
894
805
919
50
17
-
528
6,908
3,394
1,355
13
-
6,862
95,361
-14,218

34