## **REPORT OF THE DIRECTORS AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**
## **FOR**
## **HOLMCROFT YOUTH+COMMUNITY CENTRE**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
||**Pages**|
|---|---|
|Company Information|1|
|Report of the Directors|2|
|Report of the independent examiner|3|
|Statement of financial activities|4|
|Balance Sheet|5 - 6|
|Notes to the financial statements|7 – 11|
|Detailed Income & Expenditure account|12|
## **HOLMCROFT YOUTH+COMMUNITY CENTRE**
## **Company Information**
**Company Registration Number:** 07512889 **Charity Registration Number:** 1140305 **Directors:** Mr D L Lawrence Mr K W Down Mr T M Herriott Mrs R L Owen Mrs L A Whitfield **Registered Office:** Holmcroft Youth+Community Centre Newlands Avenue Stafford ST16 1NL **Accountants:** Tim Herriott Enterprises 15 Briarsleigh Stafford Staffordshire ST17 4QP **Bankers:** The Co-operative Bank 42 Greengate Street Stafford ST16 2BU
1
## **HOLMCROFT YOUTH+COMMUNITY CENTRE Report of the Directors for the Year Ended 31 March 2022**
The Directors present their report and the unaudited financial statements for the year ended 31 March 2022. The directors have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.
## **Introduction and Objects**
Holmcroft Youth+Community Centre is a company limited by guarantee, without a share capital and is governed by the directors, subject to the requirements of charity law. The principal object of the Centre is to benefit the community around Holmcroft.
## **Organisation**
The Directors determine the general management policy of the Centre. The day to day management is delegated to the Management Committee. There have been no material changes in the policy since the last report.
## **Directors Responsibilities**
The Directors are required by company law to prepare financial statements which give a true and fair view of the state of affairs of the company at the end of the financial year and of the income and expenditure of the company for the period ending on that date. In preparing those financial statements, the Directors are required to:
- Select suitable accounting policies and apply them consistently.
- Make judgements and estimates that are reasonable and prudent.
- Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Directors are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Centre and to enable them to ensure the financial statements comply with the Charities Act 2011 and part 15 of the Companies Act 2006. They are also responsible for safeguarding the assets of the Centre and hence for taking reasonable steps for the prevention and detection of the fraud and other irregularities.
## **Review**
The Centre’s funds are retained in order to finance both its activities and the maintenance and enhancement of the Centre buildings. The Directors confirm that any major risks to which the Centre is exposed have been reviewed and procedures have been established to mitigate those risks.
The Directors are delighted that the accounts show a surplus of £3,140, and that the centre has overall assets of £318,180
Approved by the Centre on and signed on its behalf by:
….………………………………………………………….……………… Director
…………………………………………………………………………. … Director
2
## **HOLMCROFT YOUTH+COMMUNITY CENTRE**
## **Independent Examiners Report**
I report on the accounts for the year ended 31 March 2022 set out on pages 4 to 11.
## **Respective responsibilities of trustees and examiner**
The charity's directors are responsible for the preparation of the accounts. The charity's directors consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Tim Herriott Enterprises 15 Briarsleigh Stafford ST17 4QP Dated:
3
## **HOLMCROFT YOUTH+COMMUNITY CENTRE**
## **Statement of Financial Activities For the year ended 31 March 2022**
||**Notes**|**Unrestricted**|**Unrestricted**|**Unrestricted**|**Unrestricted**|
|---|---|---|---|---|---|
|||**Funds**||**Funds**||
|||**2022**||**2021**||
|||**£**||**£**||
|**Incoming Resources**||||||
|Grants (major works)|||-||-|
|Grants|||94,417|104,310||
|Donations|||334||1,523|
|Incoming resources from other activities||||||
|For generating funds:||||||
|Lettings/Coffee Bar/Lunch Club|||18,383||2,207|
|Fundraising/Promotions|||100||45|
|Investment income|||26||106|
|Preschool|||14,211||3,666|
|Other income resources|||553||23|
|||______||______||
|**Total Incoming Resources**||128,024||111,880||
|**Resources Expended**||||||
|Direct charitable expenditure||||||
|Staffing costs|||89,682||80,585|
|Centre costs|||22,073||11,222|
|Supplies & Services|||13,129||14,000|
|||_______||_______||
|**Total direct charitable expenditure**||124,884||105,807||
|**Net Incoming /(Outgoing) Resources**|||3,140||6,073|
|**Before Transfer**||||||
|Transfer between funds|||0||0|
|||_______||_______||
|**Net Income Resources Before**|2||3,140||6,073|
|**Exceptional Income**||||||
|**Net Movements in Funds**|10|||||
|Fund balances brought forward/ introduced||315,040||308,967||
|from previous charity||||||
|||_____ _||_____ _||
|**Fund Balances Carried Forward**|
10|**318,180**||**315,040**||
4
## **HOLMCROFT YOUTH+COMMUNITY CENTRE**
## **Balance Sheet As at 31 March 2022**
||**Notes**|**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**Funds**|**Funds**|
|||**2022**|**2021**|
|||**£**|**£**|
|**Fixed Assets**||||
|Tangible assets|4|285,000|285,000|
|||285,000|285,000|
|**Current Assets**||||
|Stock||-|-|
|Debtors|5|2,220|918|
|Cash at bank and in hand||34,955|32,216|
|||37,175|33,134|
|**Creditors:**amounts falling due within one year|6|3,995|3,094|
|||______|______|
|**Net Current Assets/(Liabilities)**||33,180|30,040|
|**Total Assets**||318,180|315,040|
|**Represented By:**||||
|Restricted funds|10|0|0|
|
Unrestricted funds|10|318,180|315,040|
|||318,180|315,040|
5
## **HOLMCROFT YOUTH+COMMUNITY CENTRE**
## **Balance Sheet - continued As at 31 March 2022**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31[st] March 2022.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31[st] March 2021 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.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the Board of Directors on and were signed on its behalf by:
……………………………………………………………………… **Director**
……………………………………………………………………. **Director**
6
## **HOLMCROFT YOUTH+COMMUNITY CENTRE**
## **Notes to Financial Statements For the year ended 31 March 2022**
## **1) Accounting Policies**
## **Basis of Accounting**
The financial statements have been prepared under the historical cost convention as modified by the revaluation of tangible fixed assets, and are in accordance with applicable accounting standards, and the Charities Accounting Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2005)
## **Tangible fixed Assets and Depreciation**
Tangible fixed assets are stated at cost or valuation less depreciation.
Depreciation is provided at rates calculated to write off the costs of fixed assets, less their estimated residual, over their expected useful lives on the following bases:-
Freehold buildings 0% straight line basis
The buildings were valued in December 2011 by Nicholsons Estate Agents and have been included in the accounts at that valuation.
## **Expenditure**
All expenditure is accounted for gross, and when incurred. Those expenses which are attributable to two or more expense headings are apportioned between those headings on an appropriate basis. Donations made are included in the year in which they are paid.
## **Income and Donations**
Donations are accounted for when received by the Centre. Other income is accounted for on an accruals basis as far as it is prudent to do so. Income includes tax received and recoverable.
7
## **HOLMCROFT YOUTH+COMMUNITY CENTRE**
## **Notes to Financial Statements For the year ended 31 March 2022 continued**
## **2) Net Incoming Resources for the year**
|This is stated after charging:|||
|---|---|---|
||**2022**|**2021**|
||**£**|**£**|
|Administration staff salaries|88,924|79,946|
|Accountancy fees|1,115|1,115|
## **3) Taxation Status**
The centre has charitable status under Section 586 (1) Income and Corporation Taxes Act 1988 and accordingly it is exempt from taxation on its income and surplus for the year.
8
## **HOLMCROFT YOUTH+COMMUNITY CENTRE**
## **Notes to Financial Statements For the year ended 31 March 2022 continued**
## **4) Tangible Fixed Assets**
||**Centre**|**Total**|
|---|---|---|
||**Buildings**||
||**£**|**£**|
|**Cost or valuation**|||
|At 1 April 2021|285,000|285,000|
|Additions|-|-|
|Disposals|-|-|
||_______|_______|
|At 31 March 2022|285,000|285,000|
|**Depreciation**|||
|Additions|-|-|
|Eliminated on disposals|-|-|
|Charge for the year|-|-|
||_______|_______|
|At 31 March 2021|-|-|
|**Net Book Value**|||
|At 31 March 2022|285,000|285,000|
|At 31 March 2021|285,000|285,000|
.
The buildings were valued in December 2011 by Nicholsons Estate Agents and have been included in the accounts at that valuation.
9
## **HOLMCROFT YOUTH+COMMUNITY CENTRE**
## **Notes to Financial Statements For the year ended 31 March 2022 continued**
## **5) Debtors**
|
Debtors
**6) Creditors**
Trade creditors
Accruals and deferred income
Other creditors
PAYE|
|**2022**
**£**
2,220
2,220
**2022**
**£**
2,675
275
163
882
3,995|
|**2021**
**£**
918
918
**2021**
**£**
2,032
275
134
653
3,094|
|---|---|---|---|---|
||
||||
||
||||
/
10
## **HOLMCROFT YOUTH+COMMUNITY CENTRE**
## **Notes to Financial Statements For the year ended 31 March 2022 continued**
## **7) Capital Commitments**
At 31 March 2022 there were no capital commitments for which contracts had been placed or amounts authorised by the Directors.
## **8) Post Balance Sheet Events**
There have been no post balance sheet events since the year end which require disclosure in the financial statements.
## **9) Employee Number and Costs**
|Preschool
Administration – incl. Kitchen and cleaning
No employee earned £40,000 p.a. or more.
Aggregate amounts paid in respect of:
Wages
Social Security costs
Pension costs|**2022**
5
6
11
**2022**
**£**
88,924
-
758
89,682|**2021**
5
6
11
**2021**
**£**
79,946
-
639
80,585|
|---|---|---|
No Director has received remuneration or benefits in kind from the Centre, for services as a director.
## **10) Fund Balance**
|Fund balances brought forward/introduced
Net (expenditure)/income for the year
Fund balances carried forward|**2022**
**£**
315,040
3,140
318,180|**2021**
**£**
308,967
6,073|
|---|---|---|
|||
315,040|
11
## **HOLMCROFT YOUTH+COMMUNITY CENTRE Detailed Income & Expenditure Account For the year ended 31 March 2022**
|**Incoming Resources**
Grants (major works)
Grants (preschool)
Grants (other)
Donations
Lettings
Fundraising/Promotions
Investment Income
Preschool
Coffee Bar/Lunch Club
Community Larder
Other Income Resources
**Staffing Costs**
Salaries
Expenses, Travel and Subsistence
**Centre Costs**
Building Repairs and Maintenance
Ground Repairs and Maintenance
Centre Activities (including Coffee Bar)
Utilities
**Supplies and Services**
General supplies and services
Legal, professional & accountancy
Net income/(expenditure) to be carried forward|**2022**
**£**
-
64,980
22,230
334
15,016
100
26
14,211
3,367
7,207
553
128,024
89,682
-
89,682
4,193
2,390
6,882
8,608
22,073
3,664
9,465
13,129
3,140|**2022**
**£**
-
64,980
22,230
334
15,016
100
26
14,211
3,367
7,207
553
128,024
89,682
-
89,682
4,193
2,390
6,882
8,608
22,073
3,664
9,465
13,129
3,140|**2021**
**£**
-
61,861
42,450
1,523
2,207
45
106
3,665
-
-
23
111,880
80,585
-
80,585
2,111
1,890
1,744
5,477
11,222
4,587
9,413
14,000
6,073|**2021**
**£**
-
61,861
42,450
1,523
2,207
45
106
3,665
-
-
23
111,880
80,585
-
80,585
2,111
1,890
1,744
5,477
11,222
4,587
9,413
14,000
6,073|
|---|---|---|---|---|
||||||
||||||
This page does not form part of the statutory financial statements
12