2023-03-31-accounts

Trustees	Lynda Bullock
	Paul Cavallari
	Susan Ettridge
	Peter Granger
	Lisa Howlett
	Patricia Lee
	Chinyanta Nkonkomalimba
	Ethaar El-Emir
	John Garratt
	Stephanie Lennox
	Massimo Trebar
	Anouska Anderson
Centre Development Workers	Pavlina Kingsleigh
	Virginie Jones (until 30 June 2022)
Charity number	1141618
Company number	07386863
Principal address	15Harwoods Road
	Watford
	Hertfordshire
	WD18 7RB
Registered office	15 Harwoods Road
	Watford
	Hertfordshire
	WD18 7RB
Independent examiner	Gary Howard FCA
	Howard Wilson Chartered Accountants
	36 Crown Rise
	Watford
	Hertfordshire
	WD25 ONE
Bankers	Metro Bank PLC
	One Southampton Row
	London
	WC1B5HA

Current financial year
	Unrestricted	Restricted	Total	Total
	fundsfunds
	2023	2023	2023	2022
Notes
Income from:
Donations and legacies3 Operation of Community Centre in West Watford4 Fundraising events and activities5	23,705 10,969 2,317	11,427	23,705 22,396 2,317	43,096 14,664 1,777
Investments6	95		95	194
Total income	37,086	11,427	48,513	59,731
Expenditure on:
Operation of Community Centre in West Watford7	40,890	8,536	49,426	47,955
Net (outgoing)/incoming resources before transfers	(3,804)	2,891	(913)	11,776
Gross transfers between funds	1,580	(1,580)	-
				-
Net (expenditure)/income for the year/
Net movement in funds	(2,224)	1,311	(913)	11,776
Fund balances at 1 April 2022	65,661	4,210	69,871	58,095
Fund balances at 31 March 2023	63,437	5,521	68,958	69,871

Prior financial year
		Unrestricted	Restricted	Total
		fundsfunds
		2022	2022	2022
	Notes
Income from:
Donations and legacies		43,096	_	43,096
Operation of Community Centre in West Watford		7,756	6,908	14,664
Fundraising events and activities		1,777		1,777
Investments		194	-	194
Total income		52,823	6,908	59,731
Expenditure on:
Operation of Community Centre in West Watford		40,505	7,450	47,955
Net (outgoing)/incoming resources before transfers		12,318	(542)	11,776
Net (expenditure)/income for the year/
Net movement in funds		12,318	(542)	11,776
Fund balances at 1 April 2021		53,343	4,752	58,095
Fund balances at 31 March 2022		65,661	4,210	69,871

		2023	2022
	Notes
Fixed assets
Tangible assets11		1,486	914
Current assets
Debtors12 Cash at bank and in hand		70,151 1,702	72,067 689
Creditors: amounts falling due within		71,853	72,756
one year13		(4,381)	(3,799)
Net current assets		67,472	68,957
Total assets less current liabilities		68,958	69,871
Income funds
Restricted funds	14	5,521	4,210
Unrestricted funds
Designated funds General unrestricted funds	15	16,865 46,572	16,865 48,796
		63,437	65,661
		68,958	69,871
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation		of financial statements.

	Unrestricted	Unrestricted
	funds	funds
	2023	2022
Donations and gifts	290	1,514
Core grants	23,415	41,582
	23,705	43,096

	Donations and legacies		(Continued)
	Grants receivable for core activities
	Watford Borough Council - core grant Watford Borough Council - Omicron Hospitality & Leisure Grant Watford Borough Council - Restart Grant Watford & Three Rivers Trust - Community Grant	- - - 23,415	7,500 8,000 2,667 23,415
		23,415	41,582
4	Operation of Community Centre in West Watford
		2023	2022
	Community Centre activities income Grants receivable	11,427 10,969	6,908 7,756
		22,396	14,664
	Analysis by fund
	Unrestricted funds Restricted funds	11,427 10,969	6,908 7,756
		22,396	14,664
	Grants receivable
	Watford Borough Council - Accommodation Watford Borough Council - Locality Budgets	1,430 4,300	4,300
	Hertfordshire Community Foundation	1,033	-
	Watford & Three Rivers Trust The National Lottery Community Fund	4,344 320	2,085 -
	Asda Foundation
		-	523
		11,427	6,908
	Fundraising events and activities
		Unrestricted Unrestricted
		fundsfunds
		2023	2022
	Fundraising events	2,317	1,777

6	Investments
		Unrestricted	Unrestricted
		funds	funds
		2023	2022
	Interest receivable	95	194
	Operation of Community Centre in West Watford
		2023	2022
	Staff costs	26,582	27,728
	Depreciation and impairment	596	304
	Tutors costs	1,946	1,554
	Activities costs	571	475
	Premises costs	7,439	7,461
	Insurance costs	810	801
	Repairs and maintenance costs	5,023	4,094
	Office costs	1,666	2,344
	Centre equipment costs	866	-
	Publicity and promotion	1,485	1,515
	General expenses	389	170
	Legal and professional costs	943	351
	Volunteer costs		48
	Governance costs	1,110	1,110
		49,426	47,955
	Analysis by fund
	Unrestricted funds	40,890	40,505
	Restricted funds	8,536	7,450
		49,426	47,955
	Governance costs comprise of independent examiners fees 1,110 (2022:	1,110). During the year, the
	independent examiners were also paid 288 (2022: 288) in respect of payroll services.
8	Trustees
	One of the trustees was refunded the cost of computer equipment purchased	on behalf of the centre (1,168)
	and none received any remuneration during the year (2022: Nil).

	2023	2022
	Number	Number
Activities	2	2
Employment costs	2023	2022
Wages and salaries Other pension costs	26,116 466	27,285 443
	26,582	27,728

There were no employees whose annual remuneration was 60,000 or more.
10Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
11Tangible fixed assets
Computers
Cost
At 1 April 202 3,738
Additions1,168
At 31 March 20234,906
Depreciation and impairment
At 1 April 202 2,824
Depreciation charged in the year596
At 31 March 20233,420
Carrying amount
At 31 March 20231,486
At 31 March 202 914

12Debtors
	2023	2022
Amounts falling due within one year:
Prepayments and accrued income	1,702	689
13Creditors: amounts falling due within one year
	2023	2022
Accruals and deferred income	4,381	3,799

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		MovementMovement
		in fundsin funds
	Balance at	Incoming Balance at Incoming	Balance at
	1 April 2021	resources 1 April 2022 resources 31 March 2023
Building repair and maintenance fund Westie LETS	16,666 199	16,666 199	16,666 199
	16,865	16,865	16,865

	Unrestricted	Restricted	Total	Unrestricted	RestrictedTotal	RestrictedTotal
	fundsfunds			fundsfunds
	2023	2023	2023	2022	2022	2022
Fund balances at 31
March 2023 are
represented by:
Current assets/(liabilities) Tangible assets	61,951 1,486	5,521 -	67,472 1,486	64,747 914	4,210 -	68,957 914
	63,437	5,521	68,958	65,661	4,210	69,871