Thornley Community Space
Registered Charity Number: 1152989
Trustees' Report and Financial Statements
for the year ended 31 March 2023
Thornley Community Space
Contents
| page | |
|---|---|
| Legal and admininstrative information | 1 |
| Trustees' report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 |
Thornley Community Space
Legal and administrative information
Constitution
Thornley Community Space is a Charitable Incorporated Organisation (CIO) and a registered charity governed by its memorandum and articles of association.
Trustees
The trustees of the CIO are its trustees for the purpose of charity law.
Charity number 1152989 Site address Old Thornley School Thornley Longridge PR3 2TE Correspondence address Little Town Dairy Chipping Road Thornley Longridge PR3 2TB Trustees Helen Turner Alison Moulding Janet Forshaw Karen Roscoe Bankers Lloyds TSB
Page 1
Thornley Community Space Charity registration number: 1152989
Report of the trustees for the year ended 31 March 2023
The trustees present their report and the financial statements for the year to 31 March 2023. The trustees who served during the year and up to date of this report are set out on page 1.
Governing document
Thornley Community Space is registered as a Charitable Incorporated Organisation with a constitution governed by The Charity Commission.
Charitable objectives
The objects of the CIO are to:
a) Promote the benefit of the inhabitants of Thornley and the neighbourhood together defined by the Ribble Valley district without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together the said inhabitants 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 and leisure occupation with the object of improving the conditions of life for the said inhabitants. b) Establish, or secure the establishment of, a Community Centre and to maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects.
c) Promote such other charitable purposes as may from time to time be determined.
Statement of trustees' responsibilities
The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law requires the trustees to prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
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prepare the financial statements on a going concern basis unless it is inappropriate to presume the charity will continue in business.
The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees of the company must, in determining how amounts are presented within items in the statement of financial activities and balance sheet, have regard to the substance of the reported transaction or arrangement, in accordance with generally accepted accounting principles and practice.
Page 2
Thornley Community Space
Statement of financial activities for the year ended 31 March 2023
| Notes Incoming resources Incoming resources from generating funds Voluntary income 2 Total incoming resources Resources expended Charitable activities 3 Governance costs 4 Total resources expended Net incoming resources for the year |
Restricted funds £ 970 970 603 0 603 367 |
Unrestricted funds £ 4,521 4,521 4,092 0 4,092 429 |
2023 Total £ 5,491 5,491 4,695 0 4,695 796 |
2022 Total £ 12,492 12,492 8,590 0 8,590 3,902 |
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Thornley Community Space Balance sheet as at 31 March 2023
| Notes £ £ Fixed assets Tangible assets 6 0 Current assets Debtors 7 0 Cash at bank and in hand 6,507 6,507 8 0 Net current assets 6,507 Net assets 6,507 Funds 9 Unrestricted income funds 2,748 Restricted income funds 3,759 Total funds 6,507 The financial statements were approved by the trustees Helen Turner Janet Forshaw Alison Moulding Karen Roscoe 2023 Creditors: amounts falling due within one year |
£ £ 0 0 5,711 5,711 0 5,711 5,711 2,319 3,392 5,711 2022 |
|---|---|
30 January 2024
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Thornley Community Space
Notes to the financial statements for the year ended 31 March 2023
1 Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the period.
1.1 Basis of accounting
The financial statements are prepared under the historical cost convention.
1.2 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when receivable.
Donated services and facilities are included to the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
1.3 Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity.
| 2 Voluntary income Income raised at events Fashion Show Domino Nights Other events Christmas Bingo Income from grant funding Champion Bowland Lancashire CC The Harris Charity Duchy of Lancaster Ben Fund Income from donations and room hire Room hire Donations 3 Charitable activities Expenses |
Restricted Unrestricted funds funds £ £ 0 740 0 1,640 0 636 0 0 0 0 970 0 0 0 0 0 275 0 1,230 970 4,521 Support costs £ 4,695 4,695 |
2023 Total £ 740 1,640 636 0 0 970 0 0 275 1,230 5,491 2023 Total £ 4,695 4,695 |
2022 Total £ 0 0 73 0 469 0 5,000 4,750 0 2,200 12,492 2022 Total £ 8,590 8,590 |
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Thornley Community Space
Notes to the financial statements for the year ended 31 March 2023
| 4 Governance costs Restricted Unrestricted funds funds £ £ none 0 0 0 0 5 Analysis of support costs Restricted Unrestricted funds funds £ £ Insurance 1,708 Lighting and heating 583 Renovation work 603 Repairs and maintenance 992 Event costs 689 Sundry items 120 603 4,092 6 Tangible assets Leasehold land and building £ Thornley School 0 0 7 Debtors Sundry debtors 8 Creditors: amounts falling due within one year Trade creditors 9 Analysis of net assets between funds Restricted Unrestricted funds funds £ £ Tangible fixed assets 0 0 Current assets 3,759 2,748 Current liabilities 0 0 3,759 2,748 10 Funds Balance Incoming at 1 April resources £ Restricted funds 3,392 970 Unrestricted funds 2,319 4,521 5,711 5,491 |
2023 Total £ 0 0 2023 Total £ 1,708 583 603 992 689 120 4,695 2023 Total £ 0 0 2023 £ 0 0 2023 £ 0 0 2023 Total £ 0 6,507 0 6,507 Outgoing resources £ 603 4,092 4,695 |
2022 Total £ 0 0 2022 Total £ 1,355 258 6,827 0 0 150 8,590 2022 Total £ 0 0 2022 £ 0 0 2022 £ 0 0 2022 Total £ 0 5,711 0 5,711 Balance at 31 March 3,759 2,748 6,507 |
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