To
Trustees' Annual Report for the period
Period start date Period end date 01 April 2022 30 03 2023
From
Section A Reference and administration details
Charity name Other names charity is known by Registered charity number (if any) 1145093
Elgar Centre Ltd
Charity's principal address 1a High Street Upton Northampton
Postcode NN5 4EN
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Stephanie Hay | chairperson | |||
| Stuart Hay | Secretary | |||
| Nicolette Bench | director | |||
| Andrewpommeroy | director | |||
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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| Names and addresses of advisers (Optional information) Type of adviser Name Address |
Names and addresses of advisers (Optional information) Type of adviser Name Address |
Names and addresses of advisers (Optional information) Type of adviser Name Address |
|---|---|---|
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
constitution
Type of governing document (eg. trust deed, constitution) Limited company by guarantee (not for profit) How the charity is constituted (eg. trust, association, company) Elected by board Trustee selection methods
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(eg. trust, association, company)
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(eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
'To further or benefit the residents of Upton and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.
In furtherance of these objects but not otherwise, the trustees shall have
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power:
To establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance' and management of such a centre for activities promoted by the charity in furtherance of the above objects.'
The centre has carried out the following activities for public benefit. Hired out the centre facilities to community groups to facilitate activities for the benefit of the Upton and wider Northampton community.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
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You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
Section D Achievements and performance
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Section D Achievements and performance
Facilitated the hiring of the centre to a number of groups to achieve Summary of the main following services for upton area achievements of the charity during the year Youth groups Scouts group Mums and tots groups Seniors groups Sports teams and recreation at upton community park
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Section E Financial review
Policy is to ensure adequate reserves to maintain obligations under lease Brief statement of the held with council. charity’s policy on reserves
Details of any funds materially in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Stuart hay Position (eg Secretary, Chair, Secretary. etc) Date 20/05/23
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Company Regiscracion number.. 07604967 Charity Registration number= 1145093 The Elgar Centre Limited IA company limited by guiranteel Annual Report and Unaudited Financial Statements for the Year Ended 30 April 2023 10. Charcered Accountants 10 Cheyne Walk North3rnPton Northampton5hire NNI 5PT
The Elgar Centre Limited Contents Cornpany Information Directors, Report Accountants, Report Profit and Loss Account Balance Sheet Statement of Changes in Equity Notes to the Unaudited Financial St2tements 7t0 10 Detailed Profit and Loss Account
The Elgar Centre Limited Company Information Chairman SIHIY Directors N Ambrose A Pomeroy SMHay Registered office The Elgar Centre IA High Street Northampton NN5 4EN Accountants 10. Chartered Accountants 10 Cheyne Walk Norchampcon Northamptonshire NNI 5PT Page I
The Elgar Centre Limited Directors. Report for the Year Ended 30 April 2023 The director5 present their report and the financial statetnent5 for the year ended 30 April 2023. Directors of the company The director5 who held office during the year were as follows.. N Arnbrose A Pomeroy S l Hay- Chairman SMHay Small companies provision Statement This report has been prepared in accordance with Ihe special provisions relating to companies subjett to the small companies rewme within Part 15 of the Companies Act 2006. Approved and authorised by the Board on .................... Ind signed on its behalf by.. A Pomeroy Director Page 2
Chartered Accountants. Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of The Elgar Centre Limited for the Year Ended 30 April 2023 In order to as51St you to fulfil your duties under the Comp3nies Act 2006, we have prepared for your approval the accounts of The Elgar Centre Limited for the year ended 30 April 2023 as set out on pages 4 to l O from the company's accounting records and from informition ind explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in Enand and Wales IICAEW), we are subject to its ethical and other professional requirements which are detailed at http.'Ilwww.icaew.comlregulation. Thi5 report is made solely to the Boird of Directors of The Elgar Centre Limited, a5 a body, in accordince with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Elgar Centre Limited and state those matters that we have agreed to state to the Board of Directors of The Elgar Centre Limited, as a body, in this report in accordance wich ICAEW Technical Release 07116 AAF. To the fullest extent perrnitLed by law, we do not accept or assurne responsibility to anyone ocher than The Elgar Centre Lirnited and its Board of Directors as a body for our work or for this reporL Ic is your duty to ensure that The Elgar Centre Limited has kepc adequate accouncing records and to prepare statutory accounts that give a true and fair view of the assets. liabilities, financial position and loss of The Elgar Centre Limited. You consider that The Elgar Centre Lirnited is exernpt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of The Elgar Centre Limited. For this rea50n, we have not verified the accuracy or completeness of the accounting records or information and explanations you have &ven to us and we do not, therefore, express any opinion on the statutory accounts. 10. Charcered Accountants 10 Cheyne Walk Northampton Northampton5hire NNI 5PT Date.. Page 3
The Elgar Centre Limited Profit and Loss Account for the Year Ended 30 April 2023 2023 2022 Note Turnover Gross surplus 33,893 33,583 AdminisTraTive expenses Operacing Ideficic)Isurplus IDeficiTllsurplus before tax (Deficitllsurplus for the financial year The above results were derived from continuing operations. The company ha5 no reco8ni5ed gains or1055es for the year other than the results above. The notes on pages 7 to l O form an integral part of these financial sr2tements. Page 4
The Elgar Centre Limited (Registration number: 07604967) Balance Sheet as at 30 April 2023 2023 2022 Note Current assets Debtors 20,412 2,743 Cash at bank and in hand 50,348 43,908 Creditors.. Amounts falling due within one year Net assets Reserves Retained earnings Surplus For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to srnall companies. Directors. responsibilitie5= The members have not required the company to oboin an audit of its iccounts for the year in question in accordance with section 476., and The directors acknowledge their re5ponsibilitie5 for complying with the requirements of the Act with respett to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the Special provisions relating to companies subject to the small companies reme within Part 15 of the Companies Act 2006. Approved and authorised by che Board on .................... and signed on ics behalf by.. A Pomeroy Director The notes on pages 7 to l O form an integral part of these financial sr2tements. Page 5
The Elgar Centre Limited Statement of Changes in Equity for the Year Ended 30 April 2023 Retained earnings Total At l May 2022 Deficit for the year 40.484 40,484 At 30 April 2023 Retained earnings Total Ac l May2021 Surplus for the year 35,358 35,358 At 30 April 2022 The notes on pages 7 to l O form an integral part of these financial sr2tements. Page 6
The Elgar Centre Limited Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 l General information The company is a company limited by guarantee, incorporated in England and Wales, and consequently does noc have share capital. Each of the members is liable to contribuce an amounc noc exceeding £ I cowards the assets of the company in the event of liquidation. The address of its lStered office is.. The Elgar Centre IA High Street Northampton NN5 4EN 2 Accounting policies Summary of significant accounting policie5 and key accounting estimate5 The principal accounting policie5 applied in che preparacion of these financial Statements a set out below. These policies have been eonsistendy applied to all the years presented, unless otherwise stated. Statement of compliance These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section IA smaller entities 'The Financiil Reporting Sttndard applicable in the United Kingdom and Republic of Ireland, and the Companies Att 2006 las applicable to companies subjett to the small companies. regimel. Basis of preparation These financial statements have been prepared using the historical cost convencion except that as disclosed in the accounting policies certain items are shown at fair value. Going concem The financial statetnents have been prepared on a going concern ba51S. Judgements In applying the Company's accounting policies, the directors are required to make jvdgements, estimates and assumprions in determining the cirrying amounrs of assets and liabilities. The direcrors. best judgements, estimaces and assumptions are based on che best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other faccors that are considered to be appropriate. Due to the inherent subjectivity involved in maknng such judgements. estimaces and assumptions. the attual results and outcome5 tnay differ. The esiimates and underlying assumptions are rewewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the viSIon affects both current and future periods. Page 7
The Elgar Centre Limited Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 Revenue recognition Turnover comprises the fair Wdlue of the consideration received or receivable for the sale of goods and provision of seryices in the ordinary course of che company's activities. Turnover is shown nec of saleslvalue added taA return5, rebates and discounts. The compiny recognises revenue when.. The amount of revenue can be reliably measured., it is probable that futu economic benefirs will flow to che entity., and specific criteria have been met for each of the company's attivities. Government grant5 Grants which relate to revenue are recognised in incorne in the period the related costs are incurred by the entity for which the grant is intended to compensate. For grants which are received by the entity for compensation for expenses or losses which have already been incurred. the grnnt is recognised in income when it is received or receivable. Cash and tash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid invescmencs that I readily convertible co a known amount of cash and I subject co an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effertive interest method, less provision for impairmenc. A provision for the impairment of trade debtors is e5tabli5hed when there is objective evidence that the totnpany will not be able to collect all amounts due according to the ori&nal terms of the receivables. Trade creditors Trade creditors are obligation5 to pay for goods or 5erwice5 that have been acquired in the ordinary course of business from suppliers. Accounts payible are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after rhe reporting date. If there is an unconditional right to defer setdement for at least twelve months after the reporting date, they a presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequendy rnea5ured at arn0rri5ed c05t using the effective interest rnethod. Page 8
The Elgar Centre Limited Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 Financial instrument5 Classifieution The cornpany only enters into basic financial instruments transactions that resulc in che recognition of financial assets and liabilitie5 like trade and other accounts receivable and payable, loans frorn banks and other third parties and loins to related parties. Debt instruments such as loans and other accounts receivable and payable are initilY measured at present value of the future payments and subsequendy at amortised cost using the effective inceresc method,. Debt instruments that are payable or receivable within one year, cypically trade payables or receivables. are ea5ured, initially and 5ubsequentlyb at the undi5counted amount of the Cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument con5tituts a financing transaction, such a5 the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-terrn loan not at market rate, the financial asset or liability is measured, initially and subsequendy, at the present value of the future payments discounted at a market rate of interest for a similar debt instrumenL Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of itnpairrnent. If objective evidence of impairrnent 15 found, an impairtnent Ios5 15 recognised in profit or loss. Financial assets and liabilities are offset ind the net amount reported in the statement of financial position when there is an enforceable righr to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setde the liabiliry simultaneously. 3 Staff numbers The average number of persons employed by the company {including direttorsl during the year, was 6 {2022- 51. 4 Debtors 2023 2022 Current Trade debtors Other debtors S.007 2,743 Page 9
The Elgar Centre Limited Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 5 Creditors Creditors: amounts falling due within one year 2023 2022 Due within one year Trade creditors Accmals and deferred income 2,403 651 Page 10
Company Regiscracion number.. 07604967 Charity Registration number= 1145093 The Elgar Centre Limited IA company limited by guiranteel Annual Report and Unaudited Financial Statements for the Year Ended 30 April 2023 10. Charcered Accountants 10 Cheyne Walk North3rnPton Northampton5hire NNI 5PT
The Elgar Centre Limited Contents Cornpany Information Directors, Report Accountants, Report Profit and Loss Account Balance Sheet Statement of Changes in Equity Notes to the Unaudited Financial St2tements 7t0 10 Detailed Profit and Loss Account
The Elgar Centre Limited Company Information Chairman SIHIY Directors N Ambrose A Pomeroy SMHay Registered office The Elgar Centre IA High Street Northampton NN5 4EN Accountants 10. Chartered Accountants 10 Cheyne Walk Norchampcon Northamptonshire NNI 5PT Page I
The Elgar Centre Limited Directors. Report for the Year Ended 30 April 2023 The director5 present their report and the financial statetnent5 for the year ended 30 April 2023. Directors of the company The director5 who held office during the year were as follows.. N Arnbrose A Pomeroy S l Hay- Chairman SMHay Small companies provision Statement This report has been prepared in accordance with Ihe special provisions relating to companies subjett to the small companies rewme within Part 15 of the Companies Act 2006. Approved and authorised by the Board on .................... Ind signed on its behalf by.. A Pomeroy Director Page 2
Chartered Accountants. Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of The Elgar Centre Limited for the Year Ended 30 April 2023 In order to as51St you to fulfil your duties under the Comp3nies Act 2006, we have prepared for your approval the accounts of The Elgar Centre Limited for the year ended 30 April 2023 as set out on pages 4 to l O from the company's accounting records and from informition ind explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in Enand and Wales IICAEW), we are subject to its ethical and other professional requirements which are detailed at http.'Ilwww.icaew.comlregulation. Thi5 report is made solely to the Boird of Directors of The Elgar Centre Limited, a5 a body, in accordince with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Elgar Centre Limited and state those matters that we have agreed to state to the Board of Directors of The Elgar Centre Limited, as a body, in this report in accordance wich ICAEW Technical Release 07116 AAF. To the fullest extent perrnitLed by law, we do not accept or assurne responsibility to anyone ocher than The Elgar Centre Lirnited and its Board of Directors as a body for our work or for this reporL Ic is your duty to ensure that The Elgar Centre Limited has kepc adequate accouncing records and to prepare statutory accounts that give a true and fair view of the assets. liabilities, financial position and loss of The Elgar Centre Limited. You consider that The Elgar Centre Lirnited is exernpt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of The Elgar Centre Limited. For this rea50n, we have not verified the accuracy or completeness of the accounting records or information and explanations you have &ven to us and we do not, therefore, express any opinion on the statutory accounts. 10. Charcered Accountants 10 Cheyne Walk Northampton Northampton5hire NNI 5PT Date.. Page 3
The Elgar Centre Limited Profit and Loss Account for the Year Ended 30 April 2023 2023 2022 Note Turnover Gross surplus 33,893 33,583 AdminisTraTive expenses Operacing Ideficic)Isurplus IDeficiTllsurplus before tax (Deficitllsurplus for the financial year The above results were derived from continuing operations. The company ha5 no reco8ni5ed gains or1055es for the year other than the results above. The notes on pages 7 to l O form an integral part of these financial sr2tements. Page 4
The Elgar Centre Limited (Registration number: 07604967) Balance Sheet as at 30 April 2023 2023 2022 Note Current assets Debtors 20,412 2,743 Cash at bank and in hand 50,348 43,908 Creditors.. Amounts falling due within one year Net assets Reserves Retained earnings Surplus For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to srnall companies. Directors. responsibilitie5= The members have not required the company to oboin an audit of its iccounts for the year in question in accordance with section 476., and The directors acknowledge their re5ponsibilitie5 for complying with the requirements of the Act with respett to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the Special provisions relating to companies subject to the small companies reme within Part 15 of the Companies Act 2006. Approved and authorised by che Board on .................... and signed on ics behalf by.. A Pomeroy Director The notes on pages 7 to l O form an integral part of these financial sr2tements. Page 5
The Elgar Centre Limited Statement of Changes in Equity for the Year Ended 30 April 2023 Retained earnings Total At l May 2022 Deficit for the year 40.484 40,484 At 30 April 2023 Retained earnings Total Ac l May2021 Surplus for the year 35,358 35,358 At 30 April 2022 The notes on pages 7 to l O form an integral part of these financial sr2tements. Page 6
The Elgar Centre Limited Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 l General information The company is a company limited by guarantee, incorporated in England and Wales, and consequently does noc have share capital. Each of the members is liable to contribuce an amounc noc exceeding £ I cowards the assets of the company in the event of liquidation. The address of its lStered office is.. The Elgar Centre IA High Street Northampton NN5 4EN 2 Accounting policies Summary of significant accounting policie5 and key accounting estimate5 The principal accounting policie5 applied in che preparacion of these financial Statements a set out below. These policies have been eonsistendy applied to all the years presented, unless otherwise stated. Statement of compliance These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section IA smaller entities 'The Financiil Reporting Sttndard applicable in the United Kingdom and Republic of Ireland, and the Companies Att 2006 las applicable to companies subjett to the small companies. regimel. Basis of preparation These financial statements have been prepared using the historical cost convencion except that as disclosed in the accounting policies certain items are shown at fair value. Going concem The financial statetnents have been prepared on a going concern ba51S. Judgements In applying the Company's accounting policies, the directors are required to make jvdgements, estimates and assumprions in determining the cirrying amounrs of assets and liabilities. The direcrors. best judgements, estimaces and assumptions are based on che best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other faccors that are considered to be appropriate. Due to the inherent subjectivity involved in maknng such judgements. estimaces and assumptions. the attual results and outcome5 tnay differ. The esiimates and underlying assumptions are rewewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the viSIon affects both current and future periods. Page 7
The Elgar Centre Limited Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 Revenue recognition Turnover comprises the fair Wdlue of the consideration received or receivable for the sale of goods and provision of seryices in the ordinary course of che company's activities. Turnover is shown nec of saleslvalue added taA return5, rebates and discounts. The compiny recognises revenue when.. The amount of revenue can be reliably measured., it is probable that futu economic benefirs will flow to che entity., and specific criteria have been met for each of the company's attivities. Government grant5 Grants which relate to revenue are recognised in incorne in the period the related costs are incurred by the entity for which the grant is intended to compensate. For grants which are received by the entity for compensation for expenses or losses which have already been incurred. the grnnt is recognised in income when it is received or receivable. Cash and tash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid invescmencs that I readily convertible co a known amount of cash and I subject co an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effertive interest method, less provision for impairmenc. A provision for the impairment of trade debtors is e5tabli5hed when there is objective evidence that the totnpany will not be able to collect all amounts due according to the ori&nal terms of the receivables. Trade creditors Trade creditors are obligation5 to pay for goods or 5erwice5 that have been acquired in the ordinary course of business from suppliers. Accounts payible are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after rhe reporting date. If there is an unconditional right to defer setdement for at least twelve months after the reporting date, they a presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequendy rnea5ured at arn0rri5ed c05t using the effective interest rnethod. Page 8
The Elgar Centre Limited Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 Financial instrument5 Classifieution The cornpany only enters into basic financial instruments transactions that resulc in che recognition of financial assets and liabilitie5 like trade and other accounts receivable and payable, loans frorn banks and other third parties and loins to related parties. Debt instruments such as loans and other accounts receivable and payable are initilY measured at present value of the future payments and subsequendy at amortised cost using the effective inceresc method,. Debt instruments that are payable or receivable within one year, cypically trade payables or receivables. are ea5ured, initially and 5ubsequentlyb at the undi5counted amount of the Cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument con5tituts a financing transaction, such a5 the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-terrn loan not at market rate, the financial asset or liability is measured, initially and subsequendy, at the present value of the future payments discounted at a market rate of interest for a similar debt instrumenL Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of itnpairrnent. If objective evidence of impairrnent 15 found, an impairtnent Ios5 15 recognised in profit or loss. Financial assets and liabilities are offset ind the net amount reported in the statement of financial position when there is an enforceable righr to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setde the liabiliry simultaneously. 3 Staff numbers The average number of persons employed by the company {including direttorsl during the year, was 6 {2022- 51. 4 Debtors 2023 2022 Current Trade debtors Other debtors S.007 2,743 Page 9
The Elgar Centre Limited Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 5 Creditors Creditors: amounts falling due within one year 2023 2022 Due within one year Trade creditors Accmals and deferred income 2,403 651 Page 10