**Trustees’ Annual Report for the period From 1[st] April 2022 to 31[st] March 2023** The trustees present their report and financial statements of the charity for the year ended 31[st] March 2023. Registered charity name: Horden Centennial Centre Chairty registration number: 1149171 Centre address: Horden Centennial Centre Trustees: Michael Fishwick Audrey Hogarth Eric Smith Kyle McNeil Chris Anderson Ed Yeates Independent examiner: Wes Hepburn (ACCA/AATQB) AccuTax Accounting 1 Beech Terrace Horden Peterlee SR8 4JP Structure, governance and management Horden Centennial Centre is a registered charity with a governing constitution adopted on 7[th] September 2012 as amended on 1[st] October 2012. The constitution sets out the aims and objectives of the charity. The Trustees are responsible for the overall management and operation of the charity. Trustees are elected at the Annual General Meeting and can be seconded at anytime throughout the year at an Ordinary Trustee Management Meeting. Trustees take responsibility for the induction, support and management of new Trustees. Objectives and activities The Charity’s objective is to further or benefit the residents of Horden and the surrounding area by bringing together residents, local authorities, voluntary and other organisations in a common effort to provide facilities which advance education, provide facilities in the interests of social welfare, recreation, leisure and employability. All with the objective of improving life for residents. Achievements and performance During the year, Horden Centennial Centre recovered from the impact of Covid restrictions. Regular activities were steadily reintroduced and partnership working re-established. Weekly activities and events included coffee mornings, martial arts, (karate and ju-jitsu) and dog training classes. Grant funding was secured from the Coalfields Regeneration Trust to deliver a new partnership project working with Horden based training organisation, Argus Europe CIC. Over the year a programme of training was offered to residents with Horden Centennial Centre as a base, meeting needs around employability, volunteers, wellbeing and life skills. Additional grants were also secured as a result of the partnership work for activities including warm space drop-in for residents struggling with the cost of living. Co-op grant funding paid for weekly Stay and Play sessions where parents and preschool children could meet and play together using our hall and café space. Thanks to active involvement from new volunteers, we were able to try out new activities and involve more residents in using and developing our offer for the benefit of the wider community. Other activities included exercise session with Evolve Fit, The Build Guild offering space for residents interested in hobbies and crafts to share skills and meet together, free Adult Learning through WEA courses and a number of social nights making use of the Centre bar, café space, hall and cinema. Vintage clothes business, Thrifty Shades of Chic continued to hire a room at the Centre providing welcome venue hire and we hosted a number of parties, funerals and private functions during the year. With increased capacity we were able to return to our long-held aim of recruiting a Centre Co-ordinator. An application to The National Lottery Community Fund was successfully made. A grant of £52,769 over three year will fund a Centre Co-ordinator going forward. Significant challenges remain for the charity, not least meeting rising running and utility costs. Planning for required maintenance, repairs and redecoration was begun during the year, with works and costs to be spread over the next 3-5 years. We are very grateful to everyone who has had an input during the year and those volunteers whose commitment ensures our sustainability as a charity and community venue, a centre for regeneration at the heart of Horden. Financial review Horden Centennial Centre has a reserve policy which is kept under review which seeks to maintain a minimum level of reserves of approximately 12 months running costs. The Trustees recommend that the policy on reserves be reviewed annually in order to take into account the operating costs of the organization including increasing running costs and investment which will be required for maintenance, repair and redecoration. The trustees regularly assess the risks to the organisation, particularly as we emerged from the disruption to the charity caused by COVID restrictions. Trustees are satisfied that systems and good governance are in place to mitigate risk in the medium term. The Charity enjoyed an increase in grant income over the year, details of funders can be found in the financial statements as part of this report along with the statement of financial activities for the year. Trustees were pleased to be in a sound financial position at the end of the year and were very grateful to our retiring Treasurer Mrs Audrey Hogarth for all she has done in ensuring the sound financial management of Horden Centennial Centre as we move into a new phase of growth and development. Signed: Chair of Trustees 31.3.24 Horden Centennial Centre Charity No 1149171 Year End 2022/23 Financial Statements Ending 31/03/2023 Prepared by AccuTax Accountin l Beech Terrace Horden Peterlee County Durham Sr8 4jp Horden Centennial Centre Accounts Cow Letter 1210612023 AccuTax Accounting is satisfied and happy to confimi the 2022123 year*nd accounts preparation is fully complete and ready for submission to the Charity Commission. The accounts con515t of invoices, payments and receipt5 via different method including banl cash and petty cash transactions. l am happy to confirm the bank account and c£sh book has been reconciled fully confirming that all trarhsactions have been fully accounted for according to the Accounting framework with the IASB Ilntemational Accounting Standard5 Boardl- I papotwork pro￿ded by Hordèn Centènnial CÈntrÈ has been signèdlinitialled by myself, Weslev Hepbum IAATBQ & ACCAI, AtcuTax Accountin& stating l am fully 5at15fied with the integrity of thè paperwork and the documents have been captured and recorded correctly to make up the year-end financial statements. Along with this cover letter the income and expense and balance sheet will be attached l am fully satisfied that no recommendations need to be given to Horden Centennial Centre with regards to their financial accounting methods. Invoices are available and every banklcash transaction has evidence as back up. Kind regards Wes Wes Hepburn IACCAIAATQBI AccuTax Accounting accUtaxa￿Ounting.Co.uk 07528113601 AccuTax Accountin Independent Examiners ReFM)rt on behalf of Horden Centennlal Centre Inde endent Examiners Re ort Wesley Hepburn from AccuTax Accounting reports the year end financlal accounts for Horden Centennial Centre for the perSod of I" Aprll 2022- 31. March 2023. Res ective Res onsibilitles of Trustees and Examlner The Tru5tee5 of Horden Centennial Centre Iregi5teied Chaiityl are responsible foi the preparation of the accounts.. the consider that the audit requirement under 5ertion 144 of the Charttie5 Act 2011 doe5 not apply. I have been appointed undei the Charitie5 Art 211 and report in accordance wrth the regulation5 made under section 145. It is my responsibility to examine the accounts arhd statetnent. with no audtt required. and to report information and findings to the Tlustees. Basis of Examiners Statement This report is in re5pert of an examination carried out in accordance with the direction5 given bythe charity Commissioner5 under the Act. An examination includes a review of the accounting records kept by the charityTrustee5 and a comparison of the accounts presented with those records. It a150 include5 a review of the accourhts and making such enquire5 a5 are necessary for the purpose of thi5 report. The procedures undertake do rhot constitute an Audit Examinerfs Statement Based on my examination. at no point has any matter come to my attention which gives reasonable cause to believe that in any material respect, acccsunting records have not been in accordance with section 130 of the Charities Act 2011. 1 am satisfied that the accounts presented are in accordan with sertion 130 of the Charities Act and comply with the accounting requirements of the Charities Act 2011. No material has given me doubt of incompliance with the required accounting procedural requirements. Wes Hepburn ACCA, AATQB AccuTax Accounting Accutaxaccounting.co.uk 07528113601 Horden Centennial Centre l and Administration Inforn￿tiOn Horden Centennral Centre Seventh Street Horden Peterlee County Durham SR8 4LX Charl Number 1149171 Trustees Audrey Hogarth, Fr Kyle McNell, Edward Yeates, Erlc Smith. Michael Fishwick, Chrlstopher Anderson Inde ndent Examiners AccuTax Accounting l Beech Terrace Horden Peterlee County Durham Bankers T58 PLC Horden Centennial Centre Financial Activities April 2022 . March 2023 Horden Centennial Centre 2022123 Tatsl Inc<>rn• Ch•rf￿1• •¢llvll•• IDon•iioMI ¢¢)•Ml•ld R•9•nw#Jon voom hlr• 10.493.C(I 1.&50.C•) 2.626.tsJ Coop grart DCC 2.175.57 2.£W.C 8t Church lJrml 2.1￿.(0) B•￿￿ FoyfvJ•iJon 1.(KKI.CI) Oth•rca•h donthkn Z534. Total Inc4% 26,579.26 26,579.26 Totsi Exp•Thlltw•s 1.72t.47 Phon• 4￿.fj3 Pur¢h•8•8 1.911.Y2 R•palrs M*lnknn Utlllll•s 1.451.&fj 1.763.47 Watsr Ratss 331.66 Stall & Tr•lnlN4 s.￿.18 2.917.44 <¢ouniwrt 160.(KJ Toi•l Exp•nJlUrn• Il•tOpw•lng Incom• 18,084.46 8,494.00 6,494.40 Horden Centennial Centre Balance Sheet As of March 31, 2023 Toial FIA•d Ass•t Toial FW Ca¥h atb*nk *nd Ih h*nd 4824140 P•ty Cash Toi•l C•8h •1 b•nkwd kn h•d 413.45 4I855.8$ 41,855.85 4I855.8S 48,6SS.8S 4¢866.85 N•i¢uff•Trt a8S•ty Illablllll•$l T¢)i*l l•** tuiv•nt Il*llttl•ts Toial n•1￿••tr 0￿bIlItI••I Chwlty Opwbln9 Baanc• Egdty R•tyin•d E•rnln 39.013.55 8.494. surplu￿DIrtth ct*qu•%l Toi•l Ch•rtIyft￿d￿ 1.147