Registered Charity Niimber.. 114?636 Regi¥i¢red r.nmp&My Null]ber'. 0746111¥ OLD BOAT CORThER COMMUNITY AS&iOCIATtOlY LIIVllTED OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED (A Company Limlted by Guarantee) Financial Statements 31 Docemb•r 2023 Registsred Company Number: 07461119 Registered Charity Number: 1142636
Re8islered Ch8rity Numbcr.. 11426_16 R¢gi8iered Lufflpany Niimber.. 07461119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Fiaancial &itatements for the Year Ended .1 l December 2023 CONTENTS PAGE al and Administralive infornMtion rustees. re nde endent ExaTniners' re ort tatement of flliancial activities alance sheet otes 4-12 13-14 15 16 17-25
Registrred Charity NumtKT'. 1142636 Kegisi¢red LINDpany Number-. D7461119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMI'I'LD Legal and Administrative Information 31 De¢ember 2023 COMPANY REGISTERED NUMBEIL. 07461119 CHARITY REGISTERED NUMBER.. 1142636 TRUSTEES I DIRECTORS: Lisa Mytton (re-elected 17th October 2023) Lucy Holmes (resigned 9th May 2023) Eloise O'sullivan (resign¢d 4th October 2023) Sarah Miriam Cutler Bryony Elizabeth BS Gavin Alain Musimbe-Rix (elected 17th October 2023) James Bacharew (elected 17th October 2023) Matri Mitchell (elected 17th October 2023) RECISTERED ADDRESS: Old Boat Corner Community Centre Carden Park Carden Hill Brighton East Sussex BNI 8GN BANKERS: 16-17 West Street Brighton BNI 2BL INDEPEIYDENT EXAMINER: Lorraine London 56 Sackville Gardens Hove BN3 4GH
Regi8tercd Ch8rity Number.. 1142636 Reg151ered Company NutTrlu". 074011 IY OLD ISOAT COKNLR COMMUIYITY ASSOCIATIOIY LIMITED Trustees Annual Report and Accoullts 31 December 2023 ORGANISATIOIYAL STRUCTURE AIYD MANAGEMEIYT The Old Boat Corner Community Association is a charitable company limited by guarantee: it was incorporated on 6th December 2010 and registered as a charity on 29thJune 2011. It was established under a Memorandum of Association, which describes the objects and powers of the ¢haritable company. it is governed under its Articles of Association. Under those Artieles the Trustees are elected from amongst the membership of the Association at the Annual General Meeting. Truste The following teS were elected by members at the Annual General M¢¢ting on 17th October 2023: Gavin Musimbe-Rix James Bacharew Main Mitchell The following trustee was re<lected by members at the same meeting: Lisa Mytton Bryony Barrass 8nd Sarah Cutler ¥ontinue to Ix trustees, in addition to the above. The above are Trustees and Company Directors. 2 trustees resigned in 2023. Lucy Holmes on 9 May and Ellie Tuck on 4 October, both due to personal circumstances. We'd like to thank th¢m both for tbeir hard work and ntribution to making the centre what it is today Governance and deeision making Voluntary and not-for-profit associations and organili0ThS which wish to support or fijrther the aims of the Association may become affiliated groups on payment of an 8miual fee. Affiliated groups may nominate a representative to vote at genernl meetings. The Trustees of the Association share th¢ overall management of the Association and forni the Trustee Board which meets every two months and oversees the nmning of the centre. The Centre Manager, Reyna Kothari is charged with day to day running and decision making of the centre, with guidance set by Trustees. The duties aThd responsibilities of Tnte¢S are explained to candidates b¢for¢ the elections ut the AGM. The first Trustee Board mccting after the AGM is largely taken up by an induction scssion for n¢wly elected Trustees. Trustecs are encouraged to attend appropriat¢ training provided by local organisations and to refer to appropriate sources of irtforn]ation, in particular the Charity Conllnission websit¢.
R¢8i51¢r¢d Charity Nu[. 1141036 R¢8lst¢red Lojnpany Number.. 074611 19 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED TrustCC3 Report And Aeeounts 31 Deeelnber 2f123 (continued) OBJECTIVES AND ACTIVITIES Obj¢ets The principa] activity of the company and its charitable objects is that of: promoting the benefit of the inhabitants of the local area (Patcham 4ffid Holling,bury Ward) by associating together the said inhabitants, the local allthoTity, voluntary and other organisations in a common effort to advance education and to wovide facilities in the interests of SOLial welfare for recreation and leisure-time (K¢upation with the object of improving the conditions of life for the said inhabitants" esthblishing a community centre and maintsinkng and managing the S&Tne in fiwtherance of the above objects. How Old Boat Corner Community AssoeiAtion's activities deliver public benefit The main activity of the OBCCA is th¢ managem¢nt of Old Boat Corner Community C¢ntre which provides facilities and amenities to the public which would not otherwise be available in the local area. As described in the following scction on its activities, the CeThtre is well used by community groups and local residents. RISK REVIEW The Tnlstees have conducted their own revi¢w of the major risks to which the charity IS exposed and systems have been established to mitigate those risks. Internal risks mitigated by the implementation of procedures for authorisation of transactions and events and to ensure consistent quality of delivery for all owational aspecls of the charity. These procedures are reviewed periodically to ensure that they still meet the needs of the charity. Challenges in 2023 The Cost of Liwing crisis has had a significant impact on the charity over this reporting period. The number of people we support has increased and the types of needs people present with increased in complexity. We had to focus on the immediate needs of servic¢ users which took up significant staff time. We looked for ways to increase service provision when our own operational costs were rising and ensured the wellbeing of the staff team when supporting people. We put stctUreS and systems in place to manage demand and ensure knew they could ask for help. ()ther serviccs in the local arca were also reaching capacity and sending people to u& impacting further. OUT electricity costs continued to be a significant outgoing, and we were excited to be part of a heating project with Brighton and Hove City Council which would bring energy efficicncy measures and hclp to bring down this large cost. We were willing for parts of the ntre to be partially closed to enable the works to happen and had planned for this over the middle of the year. Unfortunately. quotes Teceived for thc works werc gr¢ater than the funding available. The project has reduced in scope and we are wtIllg on approval for this r¢vis¢d phase. We want to ftmdraise for the r¢n]ainder of th¢ work due to the significance of IL but lack of clarity has meant this has been delayed.
Rcgi5tCTcd Charity Number.. 1142636 R¢gist¢rcd Company NuttJb¢r.' 074611 19 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Issues with young people and anti-social behaviour were causing concern in the local otnmunity aftcr a few serious events including fire and theft. Young people don't have anywhere to go. so this results in large groups hanging out in the park or in the green spaces. As we have become a more trusted pla0¢ to go. we've also experienced issues in the library and in Carden Park. This gave us impetus to get the proposed youth project up and running and to pull in all the help we could to make thÉs happen. Staff and Volunteers 2 members of staff are taking part in Leadership and Management Training as part of the Government's apprenticeship scheme. nded by Amex's Apprenticeship Levy and delivered by provider Corndel. We had on averdge 17 members of staff during the course of 2023, all in a part time capacity apart froTn the centre managJeT role. Staff turnover is very low with most team members being on bo8 for over a y¢ar. "I'he t¢am as a whole is strong and Teliable and is one of the biggest re&8ons the Old Boat is successful. Although there were no new roles at the Old Boat this year. a decision has been made to recruit an administratOT to help cov¢r th¢ load of the centre manager. Our volunteers are essential in d¢livery of our community services and we are incredibly grafrful for their time and en¢rgy. We have 28 regular weekly volunteers that help to run and shape the services in the centre. Volunte¢rs are essential in running OUT charity shop Boatopia, Pay-as-you-feel Barber. Costun]e Library, Old¢r P¢rsons Group, International Women's Group, Community F,un Days, Weekly Cinerna. delivering Healthy Neighbourhood Fund and not to mention the trustee board. Achievements in 2023 Priorities for the year were.. Develop our cornmunity offer including youth group or youth focussed artivities Lower energy bill Evolve staffing strnctUTe Start an International Women's Group Build paYts]erqhips to rn&ximise ow offer and referrals Fundraising We continued our strategy of raising small amounts of money from wTrllch wc can do big things for our cotnmunity. We ar¢ extremely grateful to all of our grani fund¢rs, falltastic local busincsses and our individual givers. without whom th¢ community SeICeS we offer wouldn't be able to happen.
Registered charity Number.. 1142636 Rtgisttt¢d CotnpRlly Number.. 07461119 OLD BOAT CORNER COMMUNITY ASSOCIATION LTED Particularly: Mans¢ll McTaggart, Co-op Local Community Fund, the Rotary, OSB Society, .t Klienwort th¢ Homity 'l'rust and the National Lottery Cusl uf LiviiiE award. Eme- Charitable Trust helped with our electricity bill and for the first time scl up monthly £1 donations from individuals- thank you to all who signed up. Youth Actrvities A great example of what can be achieved was th¢ need to set up a youth project / more youth activities. With help from the Ladies Mile Pub and the Patcham Community Fund we were able to refurbish the old changing rooms at th¢ back of the building and turn it into a dedicated youth space. With further help from Brighton and Hove City Council Youth Led Grants and the Chalk ClifYFund, the youth projeci has evolved through the year including free basketball for mixedlgirl8 funded by th¢ healthy lifestyle8 team, football with The Brighton and Ilove Albion Foundation for youngerlolder Ld girls only, drop-in youth club once a we¢k, 3D pen Art once a week dnd holiday sessions through the summer. We're incredibly PToud to have been able tr) addr¢ss our long-tern] ambition of providing services for young people in the area. Group Development International Women's Qroup- this group d¢velopcd to ¢at¢r to the needs of the users in the building as well as welcom¢ members to the building that may need support. They have 18 regular attLnde¢s and m¢et up w¢ekly to combat i%ol&lion, learn busic l.:nglish. go on tripy. cook and shaT¢ fond lo¥ether. Thc group iy 5troDg and we are going to be looking for funding to make sure their nceds are met for 2024. The Older Person's CJroup is going from strength to strength. They have taken part in fenLing, boccia, walking7 trips, christmas meals and Tai Lhi among othcr things.The nding is secure till June 2024 and the numbers in the group keep growing. Currently there are 19 active membcrs. We will be looking next year at doing two sessions, one for socialising and one for stn8th and mobility. Helping those who need a helping band Old Boat joined the national Warn Welcome Spaces Network and opened our doors to 1, offering a friendly spa¢e to keep wann, connect and make new friends. We also connect people to services and provisions. We distribute the Household Support Fund to households mvst in need of Ilelp with e1, Food, toiletries and other essentials. The Pantry is still Oll 7 days a week and we are still receiving 2 deliveries from Far¢share. The numbepo of p¢ople using th¢ panty have doubled over this year with the cost of living crisis and the Household Support Fund has helped us to make sure that we are able to provide tood to peopl¢ in n¢ed. Boatopia is still working well with donations increasing and the number of volunteers involvLd coming in daily to manage the stock levels. We hav¢ partnered with Astra Recycling to help us with the overspill of Stock and tske any bits that we don't need away to be redistributed. The clothing is exchanged for a donation depending on the weight to The Old Boat.
Register&J ChaTit5r Number.. 1 I4?th36 Registered Cotupgny Number.. U7461119 OLD BOAT CORIYER COMMUNITY ASSOCIATION LIMITED Community F.vents Yrogramm¢ Husllngs EveDt- in the run up to the local elections in May 2023. for the fst time wc hosted a hustings event which Saw all candidates standing for election as a local councillor, answering questions from residents. It was a well-attended ev¢nt that sought to give g¢Jod inforniation to people An the nll] UP to voting. Olu's Kit¢hen Night- in August, 45 people joined us for food, music and drinks during a pay-as-you-feel Nigerian Cotnmunity Kitchen which fundraised for community projects. End of SuDJmer Fun Day- September saw the return of our hugely busy fun day with lots of fun, low cost and free activiti¢s. W¢ took the opportunity to ask the community about what Old Boat means to them. Inaugural Community ATrYards - at our AGM in October we gave out 7 awards to amazingv active local residents as recognition foT their contributions to our community. It made for an emotional moment! Affordable Christmas events for the comniunity: The Littlest C]]ristsnas Elf by Bigfoot Arts Education ran 6 perfornwices to over 300 residents young and old. All children attending received a present thanks to the OS&B Society. Christmas Market- 26 stallholders including small Iocdl businesses and individuals. Cbristtn&s Fun Day - Sants, bouncy c&8tles, Patcham Silver Band, Tombola (with donations from the community), Otsvo Booth's Magic Mirror. Olu's Nigerian Kitchen. All children got a gift from Santa's Grotto, donat¢d by the OS&Bs Society. Centre Infrastrncture Our low-cost café continues to go from strength to strength offering good and low cost food and enabling the centre to be open 7 days a week, 9am-5pm. The Little Boat Play Café continues to run in the café area, which is a free space for little ones lo come and have fun whilst their carer5 can relax. Our staple services of weekly low-cost soft play and Little Boat PlayGTOUP for under 5s. continues to ruL Friday free Cinema afternoons run weekly. The centre reccives around 3.000 visits on average ¢a¢h mo Outside cafe furniture upgraded. Energy Efficiency Project with Brighton and Hov¢ City Council on hold as detailed in Challenges.
Registe ChaTity Number.. 1142636 litgistCFcd Loiiipany Nuinber.. 07461119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Trtle AnnuMI RL'port 8nd Aeeounts 31 DceL'mbL'r 2023 (cuntinued) Charity Bank Account- moved away from account that had started to charge, to Virgin which ts offering high interest rates to bring in a small amount of unrestricted funds. Gov¢rnan¢¢ We focuss¢d on trustee recruitment to bring more capacity and stability to the board during the first part of the year. This process resulted in 3 new trustees with skills in fundraising. saf¢guarding, impact and fancIal T¢POrting. We also fOc8$ed on our financial governanLe this year to ensure we are meeting our duties in this area and are operating in line with good practice as we continue to grow. With a finance working session, basic training for all trustees. budget review and budget setting meetings, financial risk management and a review of our fUnCe policies, we are now in a much stronger position in this regard. We also put in place a regular supervision structur¢ for the Centre Manager with the Chair of I'rustees. Grou s usin the eentre Various groups used the eentre in 2023 and these are xs follows: 5th Patcham Brownies and Guid¢s B-RIGHT-ON Basketball Brighton Electors Brighton Guide Depot Carden Tots Childminders Group Edge Girlguiding Sussex Hollingbury Library Little Learners Sarna Karate Sparks Basketball Tumble Tots Drop in Soft Play Dragon Head Fencing Hollingbury Library Spun Glass Theatre Varndean Adult Education Reptylers Pandas Support Group We continue to hear that people are enjoying the centre, feeling supported by th¢ services and to see it bustling with activities and pcople is the biggest reward for all of us. The centre receives around 3000 visits on averdge each month.
R¢gister¢J Chtyity Number.. 1142630 Rt8iStered Cofftpany Nun)bGr." 07461119 OLD BOAT CORI¥ER COMMUNITY ASSOCIATION LIMITED Truste Annual Report and Accounts 31 December 2023 (continued) FINANCIAL REVIEW The financial statements are set out on pages 15 to 26. The financial statements have been prepared in accordance with Accounting and Rew)rtit]g by Charities.. Statrment of Re¢omn]ended Practice applicable to charities preparing their accounts in accordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015). Overview 2023 saw another increase in both income and expenditure at the charity, reflecting a busy year. ToÉal income of £281,582 (2022.. £241,037) was received. Ther¢ was also a significant increase in expenditure, with £276,203 being spent in the yeaT (2022.. £230.615). This reflects the increased inv¢stment in the community from the funds raised. Overall, the charity recorded net income over expenditure of £5.379 (2022: £10.422) of which, £11,249 of net income over expenditure in restricted fund5, and £5,870 of net expenditure over incom¢ in unr¢stricted funds. Th¢ Charity received a total of £22,405 in donations to the Centre which was an uplift from £17,059 in 2022. Restricted inc0C receivd during the year comprised £1.120 from the Healthy Hollingbury Fund of which £500 was di8tributed in grants during the period, and £6,000 wa% received to nd the electricity Costs. A furth¢r £1 1,000 was received from Elrighton and Hove Council for the charity to distribute to households from tbe Household Support Fund. Total fimds carried forward are £73.875 (2022: £68,496) of wbich £33,750 is restricted and £40,125 is unrestricted. PLAIYS FOR THE FUTURE Plans on how to take the Centre forward include the following". Decrease ex enditure: Continue to work towards reducing the amount of eltrICity used and increase energy efficiency. Stsffl Volunteers To ensure we are supporting staff in their roles and their wellbeing and ensure they have the tools needed. Ensure training is given and updates when needed including training that may not be what staff currently do but what th¢y may want to do in the future. L(M)k to employ additional staff to manage volUnrs. help with administration and be a youth work coordinator Fundin o Upskill staff 8md trustees to apply for larg funding pots for multi-year fimding. 10
Registercd Chority Number.. 1142636 Registered Company Numbet.. 07461119 OLD BOAT CURNER COMMUNITY ASS*OCIATIOIY LIMITED Trustees Annual Report and Accounts 31 December 2023 (i'untinuvd) STATEMENf OF TRUSTEES RESPONSIBILITIES The Trustees are responsible for preparing th¢ financial statements in accordance with applicable law and United Kingdom Generally A¢cepted Accounting Practice. Company law reqUIS the Trustees to prepare financAai statements for each funciaL y¢ar, which give a true and fair view of the state of the affairs of the company and of the results of the company for that period. In preparing these financial statements, the Trustees are required to select suitable accounting policies and then apply them consistently. ' make judgements and estimates that are reasonable and prudent" . prepare the financial statements on the going conc¢rn basis Unless it is not appropriate to presume that the company will Continue in business. The Trustees are responsible for maintaining proper accounting r¢wrds which disclose with reasonable accuracy at any time the financial position of the cbaritable company and enables them to ensure that the financial statements comply with thc Companies Act 2(K)6. They are also responsible for safeguarding the assets of the charAtable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the Statement of Recommended Praclice- Accounting and Reporting by Charities and in ac¢ordanc¢ with the special provisions of Part 15 of the Companies A¢t 2006 relating to small companies. signed on their behalf by: Approvcd by th¢ Trusfres on Lisa Mytton (Director l Tr%t¢¢}
Registered Charity Number.. 1142636 Registered CompÉny Number.. 07461119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Ind¢p¢lld¢ll¢ ExamAn¢r's R¢port to the Trustees for *ht. yeAr endcd .11 December 2023 I report on the accounts of the company for the year ended 31 December 2023, which are set out on pages 15 to 25. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purpos¢s of company law) are responsible for thc preparation of the accounts. The trustees consider that an audit is not required for thi8 year under section 144(2) of the Clwities Act 2011 (the 2011 Act) and that an ind¢pendent examination is needed. Having satisfled 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 pro¢eduTes laid down in the general D1ctiOnS given by the Charity Commission under section 145(5)(b) of the 2011 Act; and to state whether particular ntte[S have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the gen¢ral DiT¢rtions giv¢n by the Charity Commission. An examination includes 2 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 discloswes in the accounts, and seeking explanatioDS 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 giv¢n as to whetheT the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. 12
R¥giSted Charily NuJnkr.' 1142630 lie8lSteied compY Numbcr.. 07461119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Independent eMIner'S statement In tiow]wli(pn wiLh no llJatt¢r has com¢ to my attentsun: (l) which gives me ieasonable cause to believe that in any DterIal respect the requirements.. to keep accounting records in accordance with section 386 of the Companies A¢t 2006" and to prepare accounts which accord with th¢ accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 or are not consistent with the Charities SORP {FRS102) have not been met" or {2) to which. in my opinion. atteThtion should be drawn in order to enabl¢ a proper undcrstanding of thc accounts to be reached. LoAe London 56 Sackville Gardens Hove BN3 4GH 201912024 Date...... Signattwe....... 13
Registered c.harity Number.. 1142636 RegistCTcd Company Numb¢r.' 07461119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Statement of Tr inancial Activities for the year ended 31 Deeember 2023 Unrestricted Restrieted rtds Funds Total Unrestricted 2023 Funds Restricted Funds Totsl 2022 Nots Ineome from: Donations Fundraising a¢tivtties Charitable actiVSties Trading activities Other inwm¢ nv¢stment incorDe 15.241 6,575 7.164 22.405 6,575 29,674 221,652 9,708 5,265 1,000 173,264 322 144 189,703 7,351 17,059 5,265 44,983 173,264 322 144 241037 29,674 43,983 221.652 Total 244,744 36 838 281582 31,334 Expenditure frnm: Fundraising activities Charitsble activities 3,625 184,098 3,625 25,589 209.687 2,373 138.863 2,373 176.280 37,417 Trading activitsey Tot&l 10 62.891 250,614 51.962 230.615 276 203 193.198 Net Income I (Eipenditur¢) (5,870) 11.249 5,379 (3,495) 13,917 10,422 Transfer Net movement ID funds 17 (5,870) 11249 5.379 {3,495) 13.917 10.422 RecoDeÉllation of runds: Funds brought forward 45,995 22,501 68,496 49,49) 8.584 58.074 Fund$ earried forward 40,125 33,7 73J7S 45,995 22JOI 68,496 There have been no rt¢ognised gain5 or losses other than the resuh for the financial year and ail Surpluses ordeficits have b¢en accounted for on an historical cost b&sis. The Siatement of Financial Activities &lso complies with the requirements of an lTrme a]]d expenditure a¢eount under the Companies Act 2006 The notes on pageg 17 to 25 forn of these f]nan¢ial ststements. 14
liegi%teTed Charity Number." 11426.lfi Registered Company Numb¢T'. 0746t 119 OLD BOAT CORLYER CQMMUIYITY ASSiUCIATKON LIMrrED BAlance Sheet #s ut 31 Deeember 2023 2023 022 Note Fixed Assets 13 22,949 28,208 Curren* knets Debtors Cash ar Bank and in Hand 14 5,266 79,284 84,550 6,971 50,161 57,132 Current Lithbilities Cirditors- Amounts falling due within one year 33.624 16.845 Net Currellt Assets 50,926 40.287 Net A55ets 16 73875 Represented by: Unrestricted Funds Restriri¢d Funds 17 17 40,125 45.995 73075 68.496 For the year ending 315¢ December 2023. the company was entitled to exemption from audst under Section 477 of the Companie5 Ad 2006. Th¢ members have not required the company to obtain an audit of its fman¢ial %tarements for the year ended 31" Dettmb¢r 2023 under Se¢tion 476 of the Companies Act 2(106. The directors acknowl¢dge theirresponsibilities for- ensuring that the compAny keeps ac¢ounting records which comply with Se¢iions 386 and 387 of th¢ Companies Act 2006, b) prq)arin8 financial ststcmellt$ that give a tn]e and fair view of the statr of affairs of the ¢ompany as at Ihe end of e fmancial year and of its profit and loss for each financial year In e0rdance with the requiremonts of Sections 394 and 395 and which otherwis¢ comply with th¢ Companies Act 2006 Telating to finattcial statements, so far as applicable to the Company. The financial 5tstements have been prepared in accordance to the special provisions of Part 15 of th¢ Cornpanies Act 2006 relating to Small companies and with the FinaDcial Reporting Standard applicable in the UK and Republic of Ire12nd (FRS 102) (effective l January 2015). The fancial statements on pages 15 to 25 were approvedby the board of Directors on .... and were signed on its behalf by.. . 2024 Lisa M Dire¢torrrrnstee Th¢ notrs page5 17 to 25 lortn Port of these fmancial st8teni¢nts. 15
Registrred Charity Numb¢r'. 1142636 RLgi%t¢rth C.ompHny NuEnher.' 07461119 OLD BOAT CORNER COMMUIYITY ASSOCIATION LILVllTED Notes to the tat¢entS lor thr Y¢ar Lnd¢4131 DcL'Lmber 2021 J. Accounting Policies (a) Bwls ofprepttrnilon The fmancial statements have been prepared in accordance wfftth Accounting and Reporting by Charities: Ststernent of Re£o]nmended Practice applicable to charities preparing their accounts in accordance with th¢ Financial R¢porting Standard applicable in Èhe UK and Republic of Ireland (FRS102) (effective l January 2015) (Charitieb SORP (FRS 102)). the Financial Reporting Standard appIlble in the UK and Republi¢ of Ireland (FRS102) and th¢ CoTnpanies Act 2006. As5els and liabilities are initialty recognised at historical cost or transartion value unless oth¢rwise stst¢d in the relevant accounting policy not¢($). The charity meets the definition of a public benefit eFJtity under FRS 102. These f]nancial statements have been prepared on the going coneem basis. The charity has suffi¢ient re5¢rves, and the trnstees eonsfjder thai there are no material uncertailkties about the charity'5 ability to continue as a 80ing ncern. (b) Accowiling Conventivft The fmallcial statem¢nts are prepared under the historical Cost conventio fe) GT&Mts Recelvable Grants are re¢ognised on an a¢crnals basis. accounted for ill relation to tht peri(xl that they relate. Wherc grants have been received for capitrdl ilerns, the total gr1 has been disclosed in the SOFA and depreciation, in accordaD¢e with the accountingpolicies, has been charged againstthat income overthe estiMateduseI economic lif¢ of the as$¢t. Where grants are rec¢iv¢d during the year under review but relate to a later perifKI the amount is deferred under Grants in AdvaJtce in the Balance Sheet. (d) ExpendilurÉ Resour¢es expended are recognised in th¢ period in which they are incurred. ReSoUrS expended include atiributsble VAT which ¢annot be recovered. Resource5 experkded are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration on each activity. COmPri5ing the salary and overt]¢&d costs of the Central function, 1$ apportioned on a basis whi¢h is an ¢stirnate. based on the proportion of Cost of each activity to the total cosi of activities. 16
Registered Charity Number.. 1142636 Rcgislered Company NumheT." 0746? 119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notcs to the Financial %*Ate.me.nts for the Year Ended JA Deeember 2023 (contlnued) (e) Depreclollon Depreciation is provided on all tangible f]xed assets of ov¢r £200 at rates eal¢ulat¢d Éo wriie off the cost less e5timat¢d residual value on a straight line b&sis over th¢ir estimated useful liv¢5 as follows- Improvements to buildings Computer Equipment Club Equipment 4 years 3 years 5 years Where the purdwe of tangible fixed assets has been funded from restri¢ted fiwdin& ihe life of the asset has been depreciated over the duration of the fiu)ding periiNJ. (O FundAccounliMg Th¢ ac¢ounls distinguish between restricted and unrestricted funds. The fomier have b¢¢n raised by the charity for sp¢cific purposes or are received fvom donors and are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where ther¢ are no externally I[)Sed restrictions and are availabl¢ for use at the discretion of the Tntee5 for expenditure on Èts objects or appropriat¢d io resetves for internally designated pu4)oses. Donations Unrestricted Funds Restrictsd Totsl 2023 Total 2022 Donations 15,241 7,164 22,405 17,059 15,241 7.164 22,405 17,059 Incomefromfundraising a¢¢ivities Unrestrieted Funds Restricted Funds Total 2023 Total 2022 Income from fundraising events 6,575 6.575 5265 5,265 6,575 6,575 17
Registered Charity Numb¢r'. 1142636 RegISre Company Number.. 07401119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Financial Statements for the Year Ended 31 Deccmber 2023 (eontinued) Jncomelrom charilable activilies Unrestricted Funds Restricte Funds Totsl 2023 Totsl 2022 Grants". Trusi for Developing Communities- Healthy Hollingbury FLmd BTighton & Hove City Council Sussex Comjnvnity Foundation Sainsbury'5'Wei¥hbourly Fund- Brighton & Hove Food Partnership Trust for Developing Communities- Healthy NeighbourhoodFund Chalk Cliff Dodgson Foundation Homity Trusi ETnSt Klein Foundation Patcham Community Foundation Totsl Grdnts 11,000 1 l.0(KJ 22,513 8,970 5,000 1.500 2,000 1.120 2.0(J) 1,120 4.954 2.600 1,000 6,000 1.000 29,674 4,954 2,600 I,o(M) 6,000 1,000 29.674 43,983 FacilitatiOD fees 29,674 29,674 44,983 Incomefrom trnding aclivi¢i UreStriCted FuDds Restrieted Funds Totsl 2023 Total 2021 Fundraising events Hire, lettings Soft pl&y Cé income 63,681 157,971 221.652 63,681 157,971 221652 58,025 115239 173.264 Other Incon Unrestrieted Funds Restrictsd Funds Totsl 2023 Total 2022 COVID Su ort: Brighton & Hove City Council Business rates support HMRC.. Job lietention Sch¢rne Bank interest rec¢kv¢d Other income 1,276 1,276 144 322 1,276 12766 466 18
Registera Chartty Number.. 1142636 RegISred Company Number.. U7461119 OLD BOAT CORIYER COMMUNITY ASSOCIATION LIMITED NutLY to the Financial Statements for the Year Ended .11 Deremher 2n23 (continued) Nel infund 2023 2022 This is stated after charging.. Depreciation Independent examiner's fees 7,239 200 4,832 650 Raources o¥pended - FundrnisingA¢livilies Unrestricted Funds Restricted Fund5 Total 2023 Total 2022 Fundraising Ev£ts Costs 3,625 3,625 3,625 3.625 2,373 2J73 Resourcav ended - Charitable Adivits Unrestrleted Funds R£rfrAeted Funds Total 2023 Total 2022 Pro ect Costs Community Kitchen Cotnlnunity Garden Youth Project Healthy neighbourh)d fund Old peoples project Household Support Winter COVID fund Healthy Hollingbury Fund Food CHOMP COVID Surv¢y Neighbourly Fund Arts Council Jubilee Projeet Total Projeet Costs 394 394 604 2,161 223 5,115 1,120 806 9.442 5.115 1,120 $06 9,442 7.545 4,130 ,626 5,081 1.175 1,355 1,175 1,355 1.600 5,320 8,743 37,037 19,4117 19,407 19
Rls1¢[¢d Charity Number.. 1142636 Registered Company Nwnber.. 07461119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Flnanclal Statements for the Year Ended 31 D¢Lember 2023 (eontinued) Resources drpended - ChdrltabIeActivit (continued) Unrestricted FuDd5 Restrlcted Funds Total 2023 Tothl 2(122 Children'$ toy$ and play equipTn¢nt STnall grts to community groups Perfomiance Costs Staff ¢o$ts Rent Building rates Water rates Insurance Lighi &nd heat Maintenan, repairs and fir¢ safety Cleanirtg and refijse colleetion Licences Subscription5 Cl)aritable donations Depreciation Adjustment for V AT Sundrie8 Total Dlre¢l Costs 14 14 604 382 143,192 1,110 331 4,799 2.635 8JOS 3,178 788 1,286 455 143.192 117.719 1.500 331 4,799 2.635 14,303 3.178 788 1,286 455 2.170 3.078 6,576 2.600 1.518 1,014 549 6,000 7,071 4.292 126 168 7.239 4,292 126 183,750 4,832 (4,9081 38 136,173 6,182 Office supplies Advertisin & Marketing l.T. expenses Telephone Bank & ¢r¢dit card fees ArKountan¢y and independent examination Consult#ncy fees Legal and professional expenses Tot#1 Support Cojts 597 60 597 60 458 93 131 1,208 839 972 2,006 1,490 566 530 839 972 2.456 1,490 566 1,030 150 3,070 TOTAL CHARITABLE ACTIVITIES 25 589 209 17 87 280 io. Resourcu 4rpended- Tmding a¢¢ivilies UTrreAtrict¢d Funds Restricted Fiinds Total 2n23 2U22 Café items TOT AL TRADING ACTtVITIES 62.891 62,891 18,829 20
Registered Charity Number.. 1142636 Regislered Compatty Number-. 07461119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Finunciul StH*em¥llts for the Year Eauled 31 December 2023 (continued) StaJJCosts 2023 2022 Wages and Salari¢s Social Seeurity Costs Pension Costs TeTnporary staff and wntractQfS Other staff costs 131,664 3,053 106,468 4,101 6,209 2,266 143.192 115,379 The averag¢ nurober of p¢rsons employed by the wnpany during the year was 17 (2022.. 12) Old Boat Corner Commwiity As80Ciation Lin)ited conskders that the key managem¢Tht personnel comprise th¢ Board of Trustees. 12. Trusleu. Remuneralion (md Relpnbursed E¥penses None of the Trnstees have received remuneration durlliE the year or any other forni of b¢n¢fit. £NIL w&8 paid to Trustees during the period for Board meeting expeDses' (2022: £Nil). 13. Tangible FiYedAssets Office Equipment Compthter Kitehett & Café Equipment Equipment Plant & Maehlllery Total Cost or Yaluation At l January 2023 Additions At 31 DKember 2023 304 1,329 175 1,504 32,768 1.805 34.573 359 34,760 304 359 Depreciafi(trn At l January 2023 Charge for the y¢ar At 31 December 21)23 30 61 91 759 351 5,673 6,755 12.428 90 72 162 6,552 7.239 13.791 Net lJ)ok w$lue At l January 2023 At 31 December 2023 274 213 570 394 269 197 28.208 22,949 14. Debtors 2023 2022 PrepaYtS Other Debtors 150 150 5.266 6,971 21
RegisteT¢d Charity Number.. 1142636 Registered Company Number.. 07461119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the FinaneiAI stnteme.nts for the. VèAr 1t.nded 31 DeLembcr 2023 (continued) 15. Creditors." Amountsfauing due wilhin oneyear 2023 2022 Trade creditors Deposits-room hire Payroll AccNals 25.471 2,335 5,346 1.635 45 9,819 16,845 5,818 33,624 l& Analysis ofNetAssets belween Funds T•llgible Fixed Net Current Assets Assets Totsl 2023 Restricted Funds Unrestricted FLmd5 33,750 33.750 21949 50.926 73,875 Tangible Fixed f4et Current Assets Assets Total 2022 Restricted Funds Unrestricted Funds 22.501 17.786 22,501 45.995 28,208 28 08
Registeral Charity Number.. 1142636 Registered Cthmpany Number.. 07461119 OLD BQAT CORNER COMMUIYIIY ASSOCIATION LIMITED lu Ilie Financial Statements for the Year Knded 31 DeL'¥mbEr 2023 (continued) 17. Movement in Funds Balanee l 2023 Ineomt xpenditur¢ TT¥nsfers Balance 31 Dee 2023 Restricted Fllnds st for Developing Communities- Community event Ttwt for Developing ComnTruoities- Healthy Hollingbury Fund Thist for Developing CommurAities- Healthy Neighbowhood Fwid Thist for Developing COMMltieS- ccrv Community Garden Acccss Community Kitchen Pmject Hous¢hold Support fund Children's toys and play equipment Clift Memorial Fund Food projects Older People Project Youth Proje¢l The Ernest Klein Foundation Jubilee Fun Day 1,031 1,031 2,175 (1,175) 1,000 1.120 (1,400) 280 3.832 1.557 (168) 3,664 lJ57 3,086 9397 960 1.151 3.480 11,000 (394) (9.442) (14) 7,739 974 1,151 1,355 2,856 11.027 6,000 (2,250) {806} (5,115) (6.0(K)) 895 1,188 2.127 3238 &039 727 727 22.501 36.838 (25,589) 33,750 Unrestrlcted Funds General D¢sigttated 43.495 244,744 2,500 45.995 (250,614) 37,625 2.500 40,125 244.744 (250,614) Totsl Funds 281,582 76203 23
Re8iSt¢red C.haTity Nurnbcr.. 1142636 R¢gistw¢d Cotnpany NuTnb¢r.' 07461119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) Movement in Fund¥ (contlnued) 17. Previousyear Bgianee l Jan 2022 Incom¢ Expendlture Transf¢rs BAlanc¢ 31 Dec 2022 Restrleted Funds Trust for Developing Communitie$- Community event Tru9t for Developing Cornmunities- Healthy Hollingbury Fund Community Garden A¢¢es$ Community Kitchen Proj#t One Church.. C140MP Household Support Fund: COVID Musical Perfomian¢e 1.031 1,031 1,801 2,00() (1.626) 2.175 3,718 (168) (2,161) (604) (4) (11,674) (1.61K)) 3,832 1,557 193 994 {390) (189) 19.413 1.600 7,739 Patcham United Defibrillation mh1¢ Sussex Community Foundation Children's ¢oys and play equipmertt Clill memori Fund Sainsbury's Nei8hbourly Fund Brighton & Hove Food partnerahip Older People Project Youth Pr(Trject Jubil¢¢ Fun Day (172> 172 318 1,061 (605) 974 I,Isi 5,000 4,258 1,188 2.350 9.470 {5.000) (5.009) 751 1,188 2.127 727 1,031 1,188 2,127 727 (223) (8,743) 8,384 51,334 (37,417) 22,501 Unrc5trl¢ted Funds Gen¢ral Designated 32,988 2,500 35,488 132.124 118.122 43,495 132.124 118.122 45,995 Total Funds 129 193 18. Relaledparty transactions 'rhere were no related paty tsynsactions in the year ended 31 Ik¢¢mber 2023. 24