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2024-03-31-accounts

Annual Report and Financial Statements for the Year Ended 31 March 2024

A Company Limited by Guarantee Charity Registration No. 1140710 Company No. 07409088

The Centre Project Limited REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

Contents Page
Legal and administrative information 2
Report of the trustees 3
Report of the independent examiner 12
Statement of financial activities (SoFA) 13
Balance sheet 14
Notes forming part of the financial statements 15-20

1

The Centre Project Limited

REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

The Board of Trustees presents its report and the independently examined financial statements for year ended 31 March 2024

LEGAL AND ADMINISTRATIVE INFORMATION

Charity Name: THE CENTRE PROJECT LIMITED
Charity Registration Number: 1140710
Company Registration Number: 07409088
Board of Trustees: Dr R.I. Norman
Mr A. Egbetokun (Appointed November 2023)
Mr A. Oppon (Treasurer)
Mr M. Gage (Chair)
Mrs A. Sai (Appointed November 2023)
Mrs H. Cobb
Mrs R. Nelson (Resigned November 2023)
Mrs V. Frimpong
Rev. Craig Sweeney-Essex (Resigned June 2023)
Company Secretary and Chief Mr E. Waweru
Executive:
Registered Office and Operational 1 Alfred Place
Address: Leicester
LE1 1EB
Bankers: Bank of Scotland
Pentland House
8 Lochside Avenue
Edinburgh Park,
South Gale, Edinburgh
EH12 9DJ
Cooperative Bank
P O Box 250
Delf House
Southway, Skelmersdale
WN8 6WT
Independent Examiner: Mr Hamid Ravat
Chartered Accountant (ICAEW)

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The Centre Project Limited

REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The trustees confirm that the annual report and the financial statements of the charity comply with the current statutory requirements and the financial statements have been prepared in accordance with the accounting policies set out on page 16.

Structure, governance and management

The Centre Project is a registered charity and is incorporated as a company limited by guarantee, registered in England. It was incorporated in October 2010 under a Memorandum of Association which established the objectives and powers of the charitable company and is governed under its Articles of Association.

The trustees are also the directors for the purpose of company law.

Recruitment and Appointment of Trustees

In line with the Articles of Association the company may by ordinary resolution at an annual general meeting appoint a person who is willing to act to be a Director. Additionally, a person may become a Trustee at the invitation of a majority of existing Trustees. A Director appointed by a resolution of the other Directors must retire at the next AGM but can stand for election.

Trustees are drawn from an appropriate range of professional and technical skills and reflect the composition of the community within which we operate.

Trustee induction and training

Trustees are provided with an induction pack containing relevant information covering the areas of roles and obligations; operational framework for the charity including the Memorandum and Articles of Association; resource related information and the current financial position as detailed in the latest set of accounts; and future plans and objectives.

Full Board meetings are held at least 6 times per year to make decisions, set policy, and direct management. Day to day responsibility for the management and provision of services is delegated to the Chief Executive with further delegation to managers for services, resources, administration and finance.

Risk Management

The material, financial and non-financial risks that the Charity is exposed to have been identified and the risk register is updated annually. An action plan is in place to regularly review and update those items considered to be High risk.

Objectives and activities

Our aims:

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The Centre Project Limited REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

Our Values and approach

Objectives

Public Benefit Statement

The Trustees can confirm that it has regard for the Charity Commission’s guidance on public benefit and that its work is reflective of this. The Charity’s services were centrally based, and all services were open and freely accessible to all mainly via drop-in or by telephone.

Our main activities and beneficiaries are described in this annual report. All our charitable work is undertaken to further our charitable purposes for the public benefit. Our work is supported by appropriate policies, procedures, guidelines and governance documentation.

Achievements and performance

Review of the period

Our primary objective is to create a safe community space that fosters connections and reduces isolati on and loneliness. We aim to support individuals facing various life challenges such as debt, homeless ness, poor housing, unemployment, food insecurity, welfare benefits and poverty - factors that contribute to poor mental health.

Over the year, we supported more than 1,100 individuals ranging from 14 to 93 years old, a 10% increase from the previous year. This highlights the ongoing and significant need for a safe, welcoming space where people can receive in-person support and find a community hub to help reduce loneliness and social isolation.

We are conveniently located in the city centre of Leicester, making it easy for people from diverse backgrounds to access our services. We support individuals from all Leicester neighbourhoods and the county.

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The Centre Project Limited REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

Who we support

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78% 22%
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OUR IMPACT

Food Bank

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Number of food parcels distributed
6000
5000
4000
3000
2000
1000
0
2023/2024 2022/2023
Total parcels distributed Parcles distributed to adults Parcels distrubuted to children
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We distributed over 5,108 food parcels to those in crisis – a 7% decrease compared to the previous year. This reduction is thanks to our collaboration with partners to address some of the root causes of foodbank usage. Key reasons people turn to the foodbank include benefit delays or sanctions, debt, long-term unemployment, chronic health conditions, changes in work hours, rising essential costs, homelessness, insecure housing and loss of support from friends or family.

We partner with Leicester South Foodbank, part of the Trussell Trust network, which supplies most of our dry food items. Reaching People has supported us with grants for fresh fruits and vegetables, as well as cupboard staples like bread, milk, cooking oil, and microwave meals. Additionally, we receive generous food donations from Whitehall Primary School, One Roof Leicester, and individual donors. Hays Recruitment Agency Leicester continues to support us by enabling their staff to volunteer with us every Monday morning.

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The Centre Project Limited REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

Case Study

KT, a 41-year-old Polish woman with settled status, has worked for various agencies in the city. She has a physical disability, making it difficult to find work. Her husband works intermittently, and they rent privately. She visited the foodbank weekly to support their household, ensuring any income could go towards keeping a roof over their heads. Despite hesitancy due to a prior Universal Credit refusal, we encouraged her to apply for PIP and referred her to Helping Hands for assistance. Thanks to our guidance, KK’s PIP application was successful, significantly reducing her visits to the foodbank.

Youth Work

Our work with young people is targeted at young refugees and unaccompanied asylum-seeking young people. The Freedom Youth club runs on Tuesday and Friday evenings 5.00pm – 8.00pm. Being city centre based, the sessions are open to young people across the city.

The youth club works to prevent isolation and boredom, sustain social networks, improve physical and mental health, and enhance emotional well-being for young people. It raises aspirations, builds resilience, and establishes long-term positive relationships.

For the young people, activities at The Freedom Club are essential. They keep them safe, provide engaging activities, and offer someone trusted to talk to. One young person shared, "Coming to the youth club stops me from hanging around all the time on Granby St. We already spend a lot of time there, so to have somewhere else to go and feel safe is wicked."

In the past year, we supported 235 young people—a 35% increase from the previous year. Attendance rose by 39% to 4,573, with an average of 40 young people per session. Our Youth Club welcomed members from 20 different countries and nationalities.

Case Study

AR (19) joined us at 16, shortly after arriving in the country. He quickly became an active youth club member, attending most sessions over two years. We assisted with his college applications, helped him build relationships with social services, and supported him in gaining confidence as a young man new to the United Kingdom. As AR turned 18, he attended less frequently, and we saw him less often. Recently, he reached out regarding issues with his asylum claim. He said, "You were so helpful when I used to come. I thought you'd be the only one who could help me now with this complicated claim. Last time I left feeling so happy. Last time, A helped me way more than I thought she could, and I really appreciate the support."

Targeted work was supported by Police and Crime Commissioners Violence Reduction Network and Leicester City Council’s Youth Service.

Day Centre (Warm Space)

One of our primary aims is to offer an open-access, warm, and welcoming space for the community. Since 1996, we've provided a warm space. Over the past year, 655 individuals visited the day centre 6,655 times to stay warm, socialize, and enjoy food and drink. We offered:

It’s all about creating a supportive environment where people feel connected and cared for.

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The Centre Project Limited

REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

Activities and sessions Attendees
Summer barbeque 80
Trips – summer trip to Skegness 50
Christmas meal 60
Bingo sessions 117
Meaningful activities e.g. cooking, art & craft sessions 550
Socialising/Peer Interaction, games & activities 2,444

Support work/ information & signposting

Our team addresses a wide range of support needs for our clients. Those seeking our help often have multiple needs, and our goal is to ensure they feel safe, supported, empowered, and satisfied when engaging with other services. We take a person-centred approach – placing the individual at the core of our efforts – and ensure that the support provided achieves the right outcomes, manages any risks, and delivers high client satisfaction.

The support offered include:

upport offered include:
Support/service provided Attendees
Appointments with external agencies (at the Centre Project) 75
Bus pass applications 25
Debt/money management – help with budgeting and managing debts 78
Digital support – access Wi-Fi, creating email accounts, scanning documents 158
Energy issues – fuel top-up vouchers, warm home discounts, meter readings 35
Homelessness – preventing evictions and accessing emergency accommodation 45
Housing issues – dealing with complaints, repairs, finding suitable place to live 199
Signposting & referrals to other agencies e.g. Adult social care, emergency food 120
Small grant applications – for household items e.g. cooker, fridge, washing
machine 18
Telephone Access – to reach other services e.g. Housing options, DWP 1,024
Welfare benefits – application, dealing with sanctions, late payments 95

Case Study

EH is a 43-year-old man with a history of non-engagement with the LCC Housing team, despite multiple attempts to engage him. This led to rent arrears of over £2,000 and a possession order by the LCC. We facilitated a meeting between EH and the LCC housing support officer at The Centre, where he felt

comfortable, and supported him during the meetings. We also assisted him in attending Leicester Crown Court. With our support, EH developed a rapport with his LCC Housing Support Officer and Rent Officer. They supported him to apply for PIP and a Charity Link grant for furniture items. EH continued to access the foodbank while making regular payments towards his rent. Consequently, EH’s LCC Housing Support Officer helped him to apply for a Discretionary Housing Payment (DHP). EH adhered to the payment arrangement and maintained engagement, resulting in the DHP being honoured and all his housing arrears being wiped out.

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The Centre Project Limited REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

Case Study

GF is a 55-year-old man. Although he has lived in the UK for over 40 years, he has not applied for EU settlement status and refuses to complete any paperwork, despite being offered immigration advice. Due to his condition, he has lost all documentation to prove his identity for UK settlement and reacts aggressively to practical support, believing his long residence means he doesn't need it.

We worked with him for over 5 months, initially to arrange a telephone appointment for Universal Credit/PIP, as he is unable to attend in-person meetings due to his behaviour and frequently missed calls because his phone was either uncharged or lost. We managed to speak to the required department, but he failed to provide enough evidence to claim benefits or prove his right to reside in the UK. He has legal troubles, is rough sleeping, and has poor relationships with his ex-wife and children, all of which could seriously affect his application to remain in the UK. He faces losing his existing benefits and potential deportation. After consistent support and encouragement, GE has submitted his latest application for UK settlement but still needs his passport for the claim to proceed. He is now prepared to pay for a passport and is gathering photographs and other necessary documents to make this happen.

Health and wellbeing

Our health and well-being support aims to help individuals improve their physical and mental health, cope with stress, anxiety, or depression, and access support for specific conditions or issues. This is part of the Getting Help in the Neighbourhood (GHIN) initiative, which seeks to provide more opportunities and places for people to seek help, build resilience, and prevent adult mental health issues from developing or worsening by getting support in the community.

Case study

RV, a 54-year-old woman, has struggled with anxiety, low self-esteem, depression, and drug addiction. She regularly visited the Centre Project to talk to our Mental Health Support Worker. Her issues stem from various environments, family problems, physical health issues, and domestic abuse. RV expressed a desire to address her drug and alcohol problems. She was referred to local services for the necessary support and encouraged to keep attending meetings.

She also joined the drama and creative writing groups, which she enjoyed, rarely missing creative writing classes except for appointments. She even started coming to the centre before her appointments to continue writing. Her focus improved, and her drinking and smoking levels decreased. Writing the script for the BBC's competition gave her a sense of purpose, reducing her need to visit pubs or hang out with friends she used to smoke with. She felt that creative writing significantly helped her mental health, clarifying her thoughts and understanding her feelings. Writing also helped her focus on important tasks, breaking them down into manageable parts and visualizing them to make them more achievable.

Our activities and events promoting wellbeing included

1:1 Mental health support

Alcohol awareness week - alcohol health and wellbeing (mock tail making) Cancer awareness – breast, cervical and prostate cancer awareness Cooking sessions (50 sessions)

Drama and creative writing sessions Emotional support - drop-in Free eye checks and glasses

Get in the Know, information awareness minor ailments /access to GP service support, wound care Healthy teeth and smiles

Look good feel-good events (4 sessions) - haircuts, pampering, manicures, cloths Making appointments with GP/Dentist/ hospital/NHS 111

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REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

The Centre Project Limited

Mental health awareness week – events

Our Social support goes beyond practical assistance; it also involves caring, comforting interactions and relationships readily available in times of crisis. We run community drop-in sessions three afternoons a week, where people can come and go as they please, without needing a referral. Additionally, we provide social events based on our clients’ requests. These sessions promote:

These efforts foster a strong sense of community and well-being.

.

Partnerships

Plans for the future.

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The Centre Project Limited REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

FINANCIAL PERFORMANCE

The charity received income of £ 204,955, compared to £245,694 in the previous year. Our income is mainly from grants £180,019 to deliver activities and capital expenses. Delivery of some of the activities will roll over into the next financial year.

Expenditure of £200,258, compared to £211,802 in the previous year.

Total Income

----- Start of picture text -----
Total Expenditure
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----- Start of picture text -----
245,694
211,802
200,258
204,955
2024 2023 2024 2023
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Reserves Policy

The Charity’s free reserves level is currently equivalent to 4 months running costs. This will allow the Charity to cover operating costs for administration of the charity and day-to-day running costs; provide against redundancies/winding up costs if a substantial part of the charity is faced with financial loss; and to assist in maintaining cash flow.

A review of the policy is undertaken annually within which the Charity’s financial forecast and results of financial performance are considered to ensure that Trustees are satisfied that an adequate level of reserves is maintained without detriment to the objectives of the Charity.

----- Start of picture text -----
RESERVES BREAKDOWN
2024 2023 Column1
137,845
130,614
42,911 46,271
15,000 15,000
3,498 2,673
FUNDS
FUNDS GENERAL FUND
RESTRICTED DESIGNATED
FIXED ASSETS
----- End of picture text -----

The Trustees have decided to create a designated fund for building refurbishment. The bulk of the build costs will be met by fundraising.

Investment Policy

Apart from ensuring that there are sufficient funds to meet the requirements of the Charity’s Reserves Policy most funds received are to be expended in the short term and there is little or no scope for long term investment. The Charity has maximised opportunities to accrue bank interest on account balances and any interest received will be used in the furtherance of the Charity’s work.

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The Centre Project Limited REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

Responsibilities of Trustees

Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of the affairs of the Charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the Trustees are required to follow best practice and:

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the charity’s assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Members of the Board of Trustees who are directors for the purpose of company law are also Trustees for the purpose of charity law.

Audit:

The charity’s trustees 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 needed.

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The Centre Project Limited

REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CENTRE PROJECT.

I report on the accounts of the charity for the year period ended 31 March 2024, which are set out on pages 13 to 20.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiners report

My examination was carried out in accordance with 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 the 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 statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Hamid Ravat BA, ACA

4 Clumber Road, Leicester

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The Centre Project Limited REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

The Centre Project Limited

Statement of Financial Activities (SoFA)

For the year ended 31 March 2024

Note
Incoming resources
3
Donations and Legacies
Charitable activities
Other income
Total
Resources expended
4
Charitable activities
Depreciation
Total
Net income/(Expenditure)
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 General
funds

£
4,646
12,417

1,986
 Restricted
funds
£
5,467
180,019
420
F. Assets
Fund
£
-
-
-		 2024
Total
£
10,113
192,436
2,406		 2023
Total
£
12,911
232,191
592
19,049
 185,906 - 204,955 245,694
20,920

-		 178,675
-		 663 199,595
663		 210,947
855
20,920
 178,675 663 200,258 211,802
(1,871) 7,231 (663) 4,697 33,892
(1,488) - 1,488 - -
(3,359) 7,231 825 4,697 33,892
61,270 130,614 2,673 194,557 160,665
57,911
 137,845 3,498 199,254 194,557

All incoming resources and resources expended derive from continuing activities.

There are no gains and losses other than those recorded in the Statement of Financial Activities

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The Centre Project Limited REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

The Centre Project Limited Balance sheet as at 31st March 2024

The Centre Project Limited
Balance sheet
as at 31st March 2024
Fixed assets
Note
Tangible assets
7
Current assets
Debtors
8		 2024
2023
£
£
3,498 2,673
9,802 3,817
Cash at bank and in hand 203,172 210,105
Total current assets
Creditors: amounts falling due within one year
9
Net current assets
Net assets
Funds of the Charity
Restricted funds
10
Unrestricted funds
General
Designated
Fixed Assests
Total unrestricted funds
Total funds		 212,974 213,922
(17,218) (22,038)
195,756 191,884
199,254 194,557
137,845 130,614
42,911 46,270
15,000 15,000
3,498 2,673
61,409 63,943
199,254 194,557

Approved by the Management Committe and is signed on its behalf by: Martin Gage - Chair of Board of Trustees

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The Centre Project Limited REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

Notes to the accounts for the year ended 31 March 2024

Note 1: Basis of preparation

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost in accordance with:

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years.

1.4 Fund Accounting

Unrestricted Funds These are funds available for general use for any or all of the charity's permitted activities. These are funds that can only be expended in accordance with specific restrictions. These Restricted Funds arise either by the wishes of the donor or by the nature of the appeal.

Note 2 : Accounting policies

INCOMING RESOURCES
Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when:
resources ·the charity becomes entitled to the resources;
·the trustees are virtually certain they will receive the resources; and
·the monetary value can be measured with sufficient reliability.
Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract
related expenditure income) the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional
entitlement to the resources.
Donated services and These are only included in incoming resources (with an equivalent amount in resources
facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and
material_._The value placed on these resources is the estimated value to the charity of the
service or facility received.
Volunteer help The value of any voluntary help received is not included in the accounts but is described in
the trustees’ annual report.
Investment income This is included in the accounts when receivable.
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing
the charity to pay out resources.
Depreciation Depreciation is provided on all tangible fixed assets at the rates calculated to write off the
cost of each asset over its estimated useful life. Kitchen equipment 10%, Furnishing, Fittings
and Equipment 15% and Office Equipment - 25%
ASSETS
Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least £1,000.
use by charity They are valued at cost or a reasonable value on receipt.

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The Centre Project Limited REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

Note 3 : Analysis of incoming resources

Donations and Grants
Donations
Total
Charitable Activities
Grants for Charitable Activities
Centre Activities
Community Opportunities
Total
Other
income
Other
Total
Grants for charitable activities
BBC Children in Need
Central Baptist Church
Central Co-op’s Community Dividend Fund
Community Matters Fund
David Cook Foundation - Growing Communities
DMU Community Challenge Fund
DWP KickStart Scheme
Henry Smith Charity
Julia & Hans Foundation
LCC - Community Grant
LCC Homelessness Grant
LCC Youth Services
LLR Integrated Care Board (ICB)
National Lottery
Platform Housing
Police & Crime Commissioner for Leicestershire
Reaching People
Screw Fix Foundation
The Hedley Foundation
Wesleyan Foundation
TOTAL		 Donations and Grants
Donations
Total
Charitable Activities
Grants for Charitable Activities
Centre Activities
Community Opportunities
Total
Other
income
Other
Total
Grants for charitable activities
BBC Children in Need
Central Baptist Church
Central Co-op’s Community Dividend Fund
Community Matters Fund
David Cook Foundation - Growing Communities
DMU Community Challenge Fund
DWP KickStart Scheme
Henry Smith Charity
Julia & Hans Foundation
LCC - Community Grant
LCC Homelessness Grant
LCC Youth Services
LLR Integrated Care Board (ICB)
National Lottery
Platform Housing
Police & Crime Commissioner for Leicestershire
Reaching People
Screw Fix Foundation
The Hedley Foundation
Wesleyan Foundation
TOTAL		 General
Restricted
£
£		 General
Restricted
£
£		 2024
2023
£
£		 2024
2023
£
£
Donations 4,646 5,467 10,113 12,911
**Total ** 4,646 5,467 10,113 12,911
Grants for Charitable Activities 6,105 180,019 186,124 227,848
Centre Activities 1,413 - 1,413 929
Community Opportunities 4,899 - 4,899 3,414
**Total ** 12,417 180,019 192,436 232,191
Other 1,986 420 2,406 592
**Total ** 1,986 420 2,406 592
2023
Total
10,500
5,000
2,500
0
2,000
0
2,170
8,050
10,000
10,965
24,500
10,000
107,313
0
1,350
10,000
8,500
5,000
0
10,000
227,848
2024 2023
Total
General Restricted
6,105 8,300
2,000
6,040
24,500
10,000
45,901
50,278
10,000
22,000
1,000		 10,500
5,000
2,500
0
2,000
0
2,170
8,050
10,000
10,965
24,500
10,000
107,313
0
1,350
10,000
8,500
5,000
0
10,000
6,105 180,019 227,848

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The Centre Project Limited

REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

Note 4: Total resources expended

Charitable activities (exp.)
Costs directly allocated to activities
Kitchen costs
Activities & events
Support costs
Staff Costs
Training
Travel & Parking
Volunteer expenses
Insurance
Premises costs		 General
Restricted
2024
2023
£
£
£
£
623
-
623
-
6,092
21,914
28,006
31,380
6,715
21,914
28,629
31,380
8,395
133,761
142,156
129,431
66
430
496
945
135
1,900
2,035
1,935
90
1,136
1,226
410
563
1,000
1,563
1,208
2,284
13,602
15,886
38,808
General office & finance 1,108
4,853
5,961
5,518
Publicity and promotion
Bank charges
Other fees
Total
Total expenditure for charitable activities
Other resources expended
Depreciation
Loss on asset disposal
Total depreciation & asset disposal
TOTAL		 724
-
724
471
-
-
-
32
840
79
919
809
14,205
156,761
170,966
179,567
20,920
178,675
199,595
210,947
663
-
663
579
-
-
-
276
663
-
663
855
21,583
178,675
200,258
211,802

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The Centre Project Limited

REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

Note 5: Trustee Remuneration & Related Party Transactions

No trustees or directors received any remuneration during the year.

No trustee or member of the charity had any personal interest in any contract or transaction entered into by the charity during the period

During the year, the charity paid £5,736 (2022/23: £5,736) to Central Baptist Church for utilities and cleaning charges. The charity does not pay for use of church premises. The Church also contributed £6,105 towards the Garden Project. The Church is connected to the charity but has no significant influence over the charity though some board members are also members of the Central Baptist Church, Leicester.

Note 6: Staff costs and numbers

6.1 Staff Costs

Gross wages, salaries and benefits in kind
Employer’s National Insurance costs
Pension costs
Total staff costs		 2024
£		 2023
£
129,551 121,474
5,823 2,540
6,782 5,417
142,156 129,431

6.2 Average number of employees in the year

number of employees in the year
Charitable activities
Executive staff
Total		 2024
Number		 2023
Number
6 7
1 1

7		 8

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The Centre Project Limited

REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

Note 7: Tangible fixed assets

7.1 Cost or valuation

7.1 Cost or valuation
Balance brought forward
Additions
Disposals on revaluation
Balance carried forward		 Kitchen
£		 Fixtures,
fittings and
equipment
£		 Office
equipment
£		 Total
£
20,866 24,434 4,650 49,950
1,488 1,488
- - -
20,866 24,434 6,138 51,438

7.2 Accumulated depreciation and impairment provisions

Rate
Balance brought forward
Disposal
Depreciation charge for year
Balance carried forward
7.3 Net book value
Brought forward - 01/04/2023
Carried forward - 31/03/2024
Debtors
Recoverable Gift Aid
Total
Note 8: Debtors
10%		 15% 25% 25%
19,708 23,641 3,928 47,277
- - - -
149 176 338 663
19,857 23,817 4,266 47,940
1,158 793 722 2,673
1,009 617 1,872 3,498
2024
2023
£
£
9,802
3,817
-
-
9,802
3,817
2024
£		 2023
£
9,802
-		 3,817
-
9,802 3,817

Note 9: Creditors (Amounts falling due within one year)

Accruals
Other creditors
Total		 2024
£		 2023
£
(15,552)
(1,666)		 (18,935)
(3,103)
(17,218) (22,038)

19

The Centre Project Limited

REPORT OF THE BOARD OF TRUSTEES FOR YEAR ENDED 31 MARCH 2024

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

Note 10: Movements of major funds

Note 10: Movements of major funds
Balance at 1 April 2023
Income resources
Outgoing resources
Transfer between funds
Balance at 31 March 2024		 General
Designated
Restricted Fixed Asset
Total
Funds
Funds
Funds
Fund
Funds
46,270
15,000
130,614
2,673
194,557
19,049
-
185,906
-
204,955
(20,920)
-
(178,675)
(663)
(200,258)
(1,488)
-
-
1,488
(0)
42,911
15,000
137,845
3,498
199,254

Partnerships

20