Charity registration number 1151930 (England and Wales) Company registratlon number 08224725 WRIGHTS MEADOW CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
WRIGHTS MEADOW CENTRE LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr. P J Cartwright Mf. R Farmer Mr. G Harmsworth Mr. T Snailh Mrs R Brown CommSttee Off Icers Mr F Edwards Mr J Snook Mr D Lakef Mis A Bowles Mf G Harmsworth President Chairman Vice Chaifman Secretary Treasurer General Commlttee Mis T Heawood Mis S Lawless Mi M Lawless Mf D Billing Mfs J Card Charlty number 1151930 Company number 08224725 Reglstered offlce Wrights Meadow Road combe Marsh High Wcombe Buckinghamshire United Kingdom HP11 1SQ Independent examlner A2els Audit Setvices Burnham Yard London End Beaconsfield Buckinghamshire United Kingdom HP9 2JH
WRIGHTS MEADOW CENTRE CONTENTS Page Trustees, report Independent examiner's report Slalemenl of financial activities Balance sheet Notes lo the financial slalemenls 7-15
WRIGHTS MEADOW CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their report and financial slalemenls for the year ended 30 September 2024. The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 110 the financial statements and comply with the charitable company's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191" ObJectlve8 and actlvllle$ The charitable company's objects are to further or benefit the residents of High Wcombe and the neighbourhood, wilhoul distinction of sex. sexual orienlalion, race, political, religious or other opinions and associate them logelhei with local aulhoiilies, voluntary and other organisalions in a common effort lo advance education and lo provide facilities with the interest of social welfare for recrealion leisure lime. The objective is lo improve the conditions of life for the residents, The policies adopted in furtherance of these objects are.. To establish or secure the eslablishmenl of a community centre and to maintain or manage or co-operate with any slalulory authority in the maintenance and management of such a tenlre for activities promoted by the harily in furtherance of the above objects. The charity's mission slalemenl is to provide all members of our community access lo a safe welcoming Pla lo meet in friendship and enjoy recreation, exercise and learning, There has been no change in these during the year. The aim of the charity is lo help build and sustain a healthy community., provide affordable educalional and recreational activities and lo be financially sustainable and offer value for money quality lacililies. The trustees have paid due regard lo gvidance issued by the Charity Commission in deciding what activities the charitable company should undertake.
WRIGHTS MEADOW CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achievements and performance Firstly a big thank you lo Paula and all the volunteers who have kept the centre open 7 days a week. its not always an easy task. Il's been a difficult year as things have started lo go wrong with the centre after 10 years trading and we have faced some significant bills connected lo plumbing and sewage. Il's testament lo the staff and PJC for keeping the worst of the works overnight. so that we could continue to trade. Anna Rose Oance handed the balon lo Miss Alex this year and we now have the newly named Medley School of Dance who will now be hiring Wednesday-saturday and including some Sundays. This will go hand in hand with our regular hirers which include.. Slimming World, Monkey Music, NHS, SBU3A, 4FunGroup, Gateway, Anna's Dance Fitness, Quillin9 Group, Calm Little Minds, Stoma Group etc. The kitchen staff are now doing up lo 10 bfeakfasls on a Tuesday, thanks lo works on the electrical sile next door and up to 30 dinners - Ihanks lo Jan & Alison for all their hard work. Plus we are still busy with dance breakfasts and dinner on Saturday and Thursdays. Thanks lo Paula for the numerous buffets and cheeseboards across many events. Other events are similar to previous years with.. Valentines Event, Afternoon Tea, Summer 1 Oth Birthday Event, Halloween Party, Kids Xmas Party, Over 60's Xmas Dinner, Carol & Raffle Night and NYE Party. Karaoke and Open Mic remain very popular, as do quiz nights. Our coach trip lo Soulhend in the stjmmer was very successful. bul unfortunately the Xmas Market trip had lo be cance51ed due lo a storm in Gloucester. We currently have 2 bar billiards teams. 2 dominoes teams,, bul sadly had lo let the football teams go during the year as they didn't turn up regularly. We have 4 commercial vans in the car park which generates an income.This wa5 put lo good use resurfacing the area using a different stone. which makes cleaning in the centre easier, Prior lo Ihis while gunge Ihal sel like concrete was being transferred into the centre meaning we were constantly cleaning. An income Gonlinue51o come from the clothes bin, the party lent and the dome. Thanks also lo Dave L for the projector and outdoor Iv which have been extremely popular amongst our hirers. All in all a very successful 10 years, here's lo the nexi 101 On behalf on the Trustees Gerald Harmsworth Flnanclal revlew The unreslricled funds are available lo be spent on any of the purposes of Ihe charity including repairs and improvements lo the premises. Unreslricled funds al the year end are £147,91812023.' £149,655). The charity has two reslricled fund. These funds are the property Ilhe community cenlrel in Wcombe Marsh and the as5els held by the centre and the Macmilan Coffee Morning. Reslricled funds al the year end are £447,173 12023. £459,778}.
WRIGHTS MEADOW CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Structure, governance and management Wrights Meadow Centre (WMC) is controlled by ils governing document and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The charitable company is governed under Memorandum and Articles of Association incorporated on 21 September 2012, as amended by special resolution on 30 April 2013. The trustees, who are also the difeclors for the purpose of company law, and who served during the year and up lo the dale of signature of the financial slalemenls were.. Mi. P J Cartwright Mr. R Farmer Mi, G Hafmsworth Mi. T Snailh Mrs R Brown The minimum number of trustee5 is two. there is not a maximum number. The fir51 trustees are the people notified to Companies House and the Charity Commission on incorporation. The charity may appoint a person who is willing lo act as a Iruslee by ordinary resolution and determine the iolalion in which any additional Iruslees are lo retire. The trustees, report was approved by the Board of Trustees. Harmsworth Trustee Oaled.. 11i)2S
WRIGHTS MEADOW CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WRIGHTS MEADOW CENTRE I feport lo the Iruslees on my examination of the financial statements of Wri9hls Meadow Centre Ilhe charitable company) for the year ended 30 September 2024. Responsibilities and basis of report As the trustees of the charitable company {and also ils directors for the purposes of company law}. you are responsible for the preparation of the financial statements in accordance wilh the reqLJiremenls of the Companies Act 2006. Having satisfied myself that the financial slalemenls of the charitable company are not required lo be audiled under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charitable company's financial slalemenls car(ied oul under section 145 of the Charities Act 2011 . In carrying out my examination I have followed the Directions given by the Charity Commission under seclion 145{5}Ibl of the Charities Act 2011. Independènt examlner's statement I have completed my examination. I cor)firm that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charitable company as required by section 386 of the Companies Act 2006. the financial slalemenls do not accord wilh those records.. or the financial slalemenls do not comply with the accounting requirements ol section 396 of the Companies Act 2006 other than any requirement that the financial slalemenls give a true and fair view. which is not a maller considered as part of an independent examination., or the financial slalemenls have not been prepared in acco¥dance wilh the methods and principles of the Slalemenl of Recommended Praclice for accounting and reporting by charities applicable lo charities pieparing their financial slalemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other mallers in connection with Ihe examination lo which attention should be drawn in this report in order lo enable a propel understanding of the financial slalemenls lo be reached. Mr C J Nisbel FCA Inslilule of Chartered Accounlanls in England & Wales Azets Audit SeiCes Burnham Yard London End Beaconsfield Buckinghamshire HP9 2JH United Kin9dom 0411212025 Oaled..
WRIGHTS MEADOW CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unreslricted Restricted funds funds 2024 2024 Total Unrestricted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Income from.. Donations and legacies Charitable activities Inveslmenls 2.223 119,743 724 7,129 9,352 119,743 724 6,365 93.119 404 6,365 93,119 404 Total Income 122.690 7,129 129,819 99.888 99.888 Expendlture on: Charilable activities 123,809 20.352 144.161 101.328 15,761 117,089 Total expendlture 123,809 20,352 144.161 101.328 15,761 117,089 Net expendlture 11,1191 113.2231 {14,3421 {1,4401 {15.761) 117,2011 Tf8nslers beeen funds 1618} 618 Net movement In funds 11,737) {12,605) 114,342) 11,4401 115,7611 {17,2011 ReconcS1iatlon of funds.. Fund balances al 1 October 2023 149.655 459.778 609.433 151.095 475,539 626,634 Fund balances at 30 September 2024 147,918 447.173 595,091 149,655 459.778 609.433 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies.
WRIGHTS MEADOW CENTRE BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Noles Fixed assets Tangible assets Investments 11 12 451.967 466,832 451.968 466,833 Current assets Debtors Cash al bank and in hand 13 54,282 100,446 33.148 121,351 154,728 154.499 Creditors: amounts fallSng due wlthln one year 14 111,605) 111,899) Net current assets 143,123 142,600 Total assets less current Ilabllltles 595,091 609,433 The funds of the charltable company Reslricled income funds Unreslricled funds 16 17 447,173 147,918 459,778 149,655 595.091 609,433 The company is enlilled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial stalemenls. The members have not required the company lo obtain an audit of its financial statements for the year in question in accordance with secliorn 476. These financial slalements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial slalemenls were approved by the Iruslees on IILIZS . G Harmsworth Trustee Company registration number 08224725 (England and Wales}
WRIGHTS MEADOW CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles Charlty informatlon Wrights Meadow Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is Wright Meadow Road, Wcombe Marsh, HP11 1 SQ, England. 1.1 Accounting conv6ntlon The financial slalemenls have been prepared in accordance with the Companies Act 2006 and "Accounting and Reporting by Cha¥ilies'. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 20191" The charitable company is a Public Benefit Entity as defined by FRS 102. The charitable company has taken advantage of the provisions in the SORP for charities app5ying FRS 102 Update Bulletin 1 not to prepafe a Slalemenl of Cash Flows. The financial slalemenls are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial slalemen15 are rounded lo the nearest £. The financial slalemenls have been prepared under the hisloriGal cost convention. The principal accounting policies adopted are sel out below. 1.2 Golng concern Al the lime of approving the financial slalemenls, the Iruslees have a reasonable expectation that the harilable company has adequate resources lo continue in operational existence for the foreseeable future. In making this assessment, the Iruslees have considered the impacts and expected future impacts of the Covid-19 pandemic on bolh the charity and the environment in which il operates. Thus the Iruslees continue 10 8dopl the going concern basis of accounting in pieparing the financial slalemenls. 1.3 Charltable funds Unreslricled funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Reslricled funds are subject lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled funds are sel out in the notes lo the financial slalemenls. 1.4 Income Income is fecognised when Ihe charitable company is legally enlilled lo il after any performance conditions have been mel. the amounts can be measured reliably, and il is probable that income will be received. 1.5 Expendlture Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation commilling the charity lo Ihal expenditure, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly allribuled to particular headings they have been allocaled to activities on a basis consislenl with the use of resources.
WRIGHTS MEADOW CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies (Continued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, nel of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases-. Freehold land and buildings FixlLJres and fittings Computers Slraighl line over 50 years Slraighl line over 3 - 5 years Slraighl line over 5 years 1.7 Taxatlon The charity is exempt from corporation tax on ils charitable activities. 1.8 Retlrement benefits Payments lo defined contribution retirement benefit schemes are char9ed as an expense as they fall due. 1.9 Taxatlon The charity is exempl from corporation lax on its charitable aclivilies. 1.10 Government grants Government grants are recognised at the fair value of the assel received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant Ihal specifies performance conditions is recognised in income when the performance conditions are mel. Where a grant does not specify performance conditions il is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is reco9nised as a
WRIGHTS MEADOW CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Donatlons and legacies Unrestricted Restricted funds funds Total Unrestricted funds 2024 2024 2024 2023 Donations and gifts Grants receivable Membership fees 2.223 1,882 5,247 4,105 5,247 6,283 82 2.223 7.129 9.352 6,365 Unrestricted Restricted funds funds Total Unreslricled funds 2024 2024 2024 2023 Grants recelvable ChiSlern Rangers 5,247 5,247 5,247 5,247 Charllable actlvltlès Hlre of the Centre 2024 Hire of the Centre 2023 Amounts received 119,743 93,119 Investments Unrestrlcted Unreslricled funds funds 2024 2023 Interest receivable 724 404
WRIGHTS MEADOW CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charltable actlvStles Centre Events Total 2024 Total 2023 2024 2024 Staff costs Depreciation Rates and water Insurance Light and heal Telephone Postage and slalionery Sundries Licences Repairs and maintenance Event costs 23,803 19.997 23,803 19,997 37.017 20,626 323 3.502 4.264 1,244 912 6,503 42 30.814 9,054 3,490 6,521 2,040 1,050 13,600 3,490 6,521 2,040 1,050 13,600 33,599 33,599 33,806 33.806 104,100 33,806 137,906 114.301 Share ol governance costs {see note 61 6,255 6,255 2,788 110,355 33.806 144,161 117,089 Analysls by fund Unreslricled funds Reslricled funds 95,250 15,105 28.559 5,247 123,809 20,352 101,328 15.761 110,355 33.806 144,161 117.089 For the year ended 30 September 2023 Unrestricted funds Reslricled funds 92,274 15,761 9,054 101,328 15,761 108,035 9,054 117,089 Support costs Support Governance costs costs 2024 2023 Independent examiners fee 6,255 6,255 2.788 6,255 6,255 2.788 Analysed beeen Chaiitable activities 6,255 6,255 2,788 10
WRIGHTS MEADOW CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Net movement In funds 2024 2023 The nel movement in funds is staled after chargingl{credilingl'. Fees payable for the independent examination of Ihe charity's financial slalemenls Depreciation of owned tangible fixed assels 19,996 20.626 Trustees None ol the Iruslees lor any persons connected with them) received any remuneration or benefits from the charitable company during the year. Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Total staff Employment costs 2024 2023 Wages and Salaries other pension costs 22,666 1.137 35,925 1,092 23,803 37.017 Wrights Meadow Centre employ a centre steward who also performs adminislralion and bar duties for Wrights Meadow Social Limited. Dufing the year ended 30 September 2024 £36,938 {2023. £8,250) of wages were recharged to Wrighls Meadow Social Limited for the centre steward and the wage expenses of Staff working on the bar, There were no employees whose annual remuneration was £60,000 or more. 10 Taxatlon The charity is exempl from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the exlenl that these are applied to ils charitable objects. 11
WRIGHTS MEADOW CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 30 SEPTEMBER 2024 11 Tangible fixed assets Freèhold land Flxtures and and bulldlngs fittlng$ Computers Total Cost Al 1 Oclober 2023 Additions 553.660 68.830 5.132 3,657 626,147 5,132 AI 30 September 2024 553,660 73,962 3,657 831,279 Depreclatlon and Impalrment Al 1 October 2023 Depreciation charged in the year 99,659 11,073 57,375 8,439 2,282 484 159,318 19,996 AI 30 September 2024 110,732 65,814 2.766 179,312 Carrylng amount At 30 September 2024 442,928 8,148 891 451,967 At 30 September 2023 454,001 11,455 1.376 466.832 12 Flxed asset Investments Investment In Subsldlarles Cost or valuatlon Al 1 October 2023 & 30 September 2024 Carrylng amount At 30 September 2024 At 30 September 2023 Wrighls Meadow Social Limited (company registration number.. 100656401 is a 1004/0 owned subsidiary of Wrights Meadow Cenlre. Ils profits are lo be distributed to the charity. At the year ended 30 September 2024, ils turnover and other income was £64,646 {2023,' £61,036}. expenditure £80,746 {2023.' £60,325) and loss for the year was £16,100 {2023'. £711 profiti. 12-
WRIGHTS MEADOW CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 13 Debtors 2024 2023 Amounts falling due withln one year.. Trade debtors Other debtors Prepayments and accrued income 7,012 43.680 3.590 1,452 28,418 3,278 54,282 33,148 14 Credltors., amounts falllng due within one year 2024 2023 Other laxalion and social security Trade creditors Other creditors Accruals and deferred income 1 ,473 5,362 200 4,570 1.275 1.707 224 8,693 11,605 11,899 15 Retlrement beneflt schemes 2024 2023 Deflned contrlbutlon schemes Chafge lo profit or loss in respecl of defined contribution schemes 1,137 1.092 The charitable company operates a defined contribution pension scheme for all qualitying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. 16 Restrlcted funds The reslricled funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as to how they may be used. At 1 Oclober 2023 Incomlng resources Resources expended Transfers A130 September 2024 Construction & Admin of Centre Kaiden Donations Macmillan Coffee Morning Chillern Rangers 459,778 114,105} {1,0001 445,673 464 1,418 5,247 536 82 1,500 (5.2471 459,778 7,129 120,3521 618 447,173 13
WRIGHTS MEADOW CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 16 Restricted funds (Continued) Prevlous year: At 1 October 2022 Incomlng resourcès Resources expended Transfers At30 September 2023 Construction & Admin of Centre 475.539 115,7611 459,778 The main restricted fund is the building held by the cenlre. It also includes the original assels purchased to gel the centre operational. In 2023, £8,500 was received to be used towards a new entertainment and sound system al the Cenlre. In 2024. there are reslricled funds for donations recieved for specific causes including a donation from Chillern Rangers towards the fun day. 17 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances ol donations and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the trustees for specific purposes. At 1 October 2023 Incomlng resources Resources expended Transfers At30 September 2024 General funds 149,655 122,690 1123,8091 {6181 147,918 Prevlous year: At 1 October 2022 Incomlng resources Resources expended Transfers At30 September 2023 General funds 151,095 99.888 1101,3281 149,655 18 Analysls of net assets between funds Unrestrlcted funds 2024 Restricted funds 2024 Total 2024 At 30 September 2024: Tangible assets Investments Current asselsllliabilities) 6.294 445,673 451.967 141,623 1,500 143,123 147,918 447.173 595,091 14-
WRIGHTS MEADOW CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 18 Analysls of net assets between funds Icontlnued) Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 30 September 2023.. Tangible assets Investments Current asselsllliabililiesl 7,054 459,778 466.832 142,600 142,600 149,655 459,778 609.433 19 Operating lease commltments Al the reporting end dale the charitable company had outstanding commitrnenls for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2024 2023 Equipment Within one year Between and five years 5,127 16,385 1,794 520 21,512 2,314 20 Related party tran$a¢tlons During the year ended 30 September 2024, the chafity received £2.40012023'. £2,400) from ils subsidiary company Wrights Meadow Social Limited in respect of a sink fund and £731 12023.. £5.780} as a dislribulion. The following amounts were oulslanding 81 Ihe reporting end dale.. Amounts owed by related Amounts owed by related parties parties 2024 2023 Balance Balance Net Net Wrights Meadow Social Ltd 43,680 43,680 28,418 28,418 43.680 43,680 28,418 28,418 15