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← Highcroft Community Centre CIO

2024-03-31-accounts

Trustees’ Annual Report for the period

From 1 April 2023 Period start date to 31 March 2024 Period end date

Charity name: HIGHCROFT COMMUNITY CENTRE CIO Charity registration number: 1153987

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To provide the space and resources for a
number of groups to provide a range of
activities to promote the benefit of the
inhabitants of Stockland Green and the
surrounding area. This is to be carried
out without distinction of sex, sexual
orientation, ethnicity or politics, religious
or other opinions, by working with the
inhabitants, the local authorities,
voluntary and other organisations in a
common effort to improve facilities and
service provision in the interests of
social welfare, community cohesion and
improving conditions and life chances for
local residents
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 There are a number of groups who use
the centre who offer a range of activities
for all ages and abilities. Some are
physical activities such as exercise
classes, and cricket and martial arts
groups, which in the main, will contribute
to the health and well-being of the
participants, and others contribute to
building social cohesion There are a
number of groups that currently use the
centre who offer a range of activities for
all ages and abilities. Some are physical
activities such as exercise classes, and
cricket and martial arts groups, which in
the main, will contribute to the health and
well-being of the participants, and others
contribute to building social cohesion
such as the Diamond Club, mens well
being. Knit and natter etc., There also
local employers and training and
employment companies that use the
centre and contribute towards funding
the building through room hire, as well as
providing in the cases of the training
companies, employment opportunities
for the local population
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees are aware of the guidance
and have taken it into account when
making decisions to which the guidance
is relevant
The trustees believe their activities
benefit the local community as set out
above

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 Highcroft Community Centre does not
make grants so does not hold a policy on
this
Policy on social investment
including program related
investment		 Para 1.38 Highcroft is not in a position to explore
social investment at this time so does not
hold a policy on this
Contribution made by
volunteers		 Para 1.38 The Trustees of Highcroft Community
Centre are the charity trustees and
volunteers and are responsible for the
management of the centre. Which can
include litter picking, gardening and
opening and closing the centre
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Highcroft Community Centre has been
able to provide space and resources to
groups to provide opportunities for many
residents in Stockland Green which
would not be available if not for the
existence of the centre in the local area..
The groups who use Highcroft
Community Centre have at a steady level
Activities include- exercise classes for
more mature persons, judo, Satori –
freestyle martial arts, Slimming World,
Yoga , Alcoholics Anonymous, Tai Chi
Rikai – Karate and Kickboxing, line
Dancing, Board and Wargames Club
Cricket - this activity attracts people of all
ages in the local area particularly those
of south Asian heritage. The team
provides free coaching sessions for
young people, not available locally and
has ambitions to set up a girls team. All
these activities contributes to the health

and well-being of the participants and builds confidence and a chance to meet with like-minded people. These groups also enable people to meet and make new friends in a friendly open environment. All of this will help to make a difference in people’s lives and the wider community. There is still capacity during the week to attract more usage of the Centre and increase our income

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 All of the objectives have been met in
that groups offer a range of activities for
all residents of Stockland Green without
distinction of sex, sexual orientation,
race or politics, religious or other
opinions. Other organisations have been
involved with the Community Centre to
improve facilities and service provision in
the interests of social welfare, community
cohesion and improving conditions and
life chances for local residents
Performance of fundraising
activities against objectives
set		 Para 1.41 N/A
Investment performance
against objectives		 Para 1.41 N/A
Other N/A

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The Centre has had a small shortfall in
terms of covering all costs and made a
small loss. There has been a reduction in
the room hire income over the past year
however we are working hard to
encourage more regular hires and will be
increasing hire rates for the first time in 4
years to cover the overheads.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Covid lock down could have resulted
in the end of the charity, Reserves are
being held to protect Highcroft against
any future national or regional crisis such
as economic or social (pandemic, local
authority bankruptcy etc)
Amount of reserves held Para 1.22 £52003
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Room Hire
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 N/A
A description of the principal
risks facing the charity		 Para 1.46 Reduction in room hire -economic
reasons
Reduction room hire – demand reduced
Bar hirers leave the centre
‘grant funded’ organisation no longer
require room hire
Old Building- overheads become
unmanageable
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Governed by a constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees are usually recommended by
current trustees or advisors and are
elected as per our constitution
Additional information (optional)
You may choose to include further statements		 where relevant about:
Policies and procedures
adopted for the induction and
training of trustees		 Para 1.51 All new trustees are provided with a copy
of all our policies and procedures
including Health and Safety,
Safeguarding Children and young people,
and safeguarding People at Risk, IT etc.
Trustees attend a committee meeting
prior to being accepted to the Committee
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 Highcroft Community Centre is a
traditional Committee set up with Chair,
Treasurer and Secretary and Trustees all
elected
Relationship with any related
parties		 Para 1.51 N/A
Other N/A

Reference and Administrative details

Charity name Highcroft Community Centre CIO
Other name the charity uses N/A
Registered charity number 1153987
Charity’s principal address 485 Slade Road
Stockland Green
Birmingham
B23 7G

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)
Frank Wootton Chair Highcroft Community Centre
Committee
Cheryl Dockery Secretary Highcroft Community Centre
Committee
Mr F Harris Highcroft Community Centre
Committee
Ms P Gouldingay Treasurer Highcroft Community Centre
Committee
Mr N Nash Highcroft Community Centre
Committee
Mr R Vernalls Highcroft Community Centre
Committee
Mrs K Thrupp Highcroft Community Centre
Committee
Mr A P Williams Highcroft Community Centre
Committee
Ms Pippa Dance Highcroft Community Centre
Committee

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date

CHARITY REGISTRATION NUMBER: 1153987

HIGHCROFT COMMUNITY CENTRE CIO

Unaudited Financial Statements PERIOD ENDING 31 MARCH 2024

BKIC Limited

24A Marsh Hill

Erdington Birmingham West Midlands B23 7EP

HIGHCROFT COMMUNITY CENTRE CIO

Unaudited Financial Statements

PERIOD ENDING 31 MARCH 2024

Charity Number 1153987
Trustees Mr F Wootton (Chair)
Mr F Harris
Mr A P Williams
Ms P Gouldingay
Mr R Vernalls
Ms K Thrupp
Secretary Ms C Dockery
Registered Office Slade Road
Erdington
Birmingham
B23 7AU

HIGHCROFT COMMUNITY CENTRE CIO

Unaudited Financial Statements

For the Period Ending 31 March 2024

Contents Pages
The Trustees' report 1 to 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the financial statements 5 to 7
Independent Examiner's Report 8
Detailed Statement of Financial Activities 9

HIGHCROFT COMMUNITY CENTRE CIO

The Trustees' Report

Period Ending 31 March 2024

The Trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the period ending 31 March 2024

The Trustees have adopted the Provisions of the Charities Statement of Recommended Practice (Financial Reporting Standard 102) —‘Accounting and Reporting by Charities” effective from 1 January 2015 in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in Note 1 and comply with the trust deed and applicable law.

Principal Activities

The principal activity of the charity during the period was the provision of Community Centre facilities.

Trustees

The Trustees who served the charity during the year were as follows:

Mr F Wootton (Chair) Mr F Harris Mr A P Williams Ms P Gouldingay Mr R Vernalls Ms K Thrupp

Structure, Governance and Management

The charity was established by deed dated 16 September 2013, under charity number 1153987, and operates for the public benefit. The principal office is Slade Road, Erdington, Birmingham, West Midlands, B23 7AU.

The trustees held office throughout the year and to date. The power of appointing new or additional trustees rests with the continuing trustees.

The charity has no staff of its own. All decisions regarding the charity are taken by the trustees alone.

Periodically, the trustees identify and review major risks. Where practical and/or appropriate, decisions are taken to reduce or remove them.

The trustees are supported by a local organisation, which has significant experience in developing community services and managing facilities.

Objectives and Future Plans

The Object as stated in the charity deed is to promote the benefit of the inhabitants of Stockland Green and the surrounding area without distinction of sex, sexual orientation, race or politics, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to improve facilities and service provision in the interests of social welfare, community cohesion, and improving life conditions and life changes for local residents.

Accordingly, the trustees have discretion over the use of the charity's funds.

The trustees employ an income and Expenditure accounting system, reconciled with the bank balance before each committee meeting. There are financial protocols in place which stipulate that expenditure over £500 must have the authority of the board of trustees.

The trustees consider that the trust’s achievements and performance meet the public benefit requirements and the activities and performance are satisfactory.

Accounting and Reporting Responsibilities

The trustees are required under the Charities Act 2011 and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102), to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year.

In preparing financial statements giving a true and fair view, the trustees should follow best practice and:

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity, and which enable them to ascertain the financial position of the charity, and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. The trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the Trustees

Mr F Wootton (Chair) ______

Ms C Dockery (Secretary) ______

Approved by the Trustees on ____

HIGHCROFT COMMUNITY CENTRE CIO

Statement of Financial Activities (Incorporating Income and Expenditure Account)

Period Ending 31 March 2024

Notes
Income
1
Administrative expenses
2
Operating Surplus/(Deficit)		 2024
£
45,094
45,094
46,613
(1,519)		 2023
£
56,490
56,490
50,212
6,278

All of the above results are derived from continuing activities. All gains and losses in the year are included in the above. All income and expenditure in both the current and the prior year related to unrestricted funds.

The notes on pages 5 to 7 form part of these unaudited accounts

HIGHCROFT COMMUNITY CENTRE CIO

Balance Sheet

As at 31 March 2024

Notes
Fixed Assets
Tangible assets
3
Current assets
Debtors
Cash at Bank and in Hand
Creditors: Amounts falling due within one year
4
Total assets less current liabilities
Represented by Accumulated Funds
Unrestricted Funds
5		 2024
£
-
7,460
45,643
53,103
1,100
52,003
52,003
52,003		 2023
£
429
12,220
41,873
54,093
1,000
53,522
53,522
53,522

These financial statements were approved by the Trustees and authorised for issue on ___, and are signed on their behalf by:

Mr F Wootton (Chair)

The notes on pages 5 to 7 form part of these unaudited accounts

HIGHCROFT COMMUNITY CENTRE CIO

Notes to the Unaudited accounts

For the Period Ending 31 March 2024

1. Accounting policies

Basis of accounting

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities SORP (FRS 102). The Trust is a public benefit entity, as defined in FRS 102, and applies the relevant paragraphs prefixed ‘PBE’ in FRS 102.

These financial statements have been prepared under the historic cost convention.

Cash flow exemption

A Statement of Cash Flows has not been produced as the charity is within the small charity thresholds.

Income

All income is recognised once the charity has entitlement to the resources, it is probable that the resources will be received and the monetary value of income can be measured with sufficient reliability.

Expenditure

All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation to pay the expenditure. All costs have been directly attributed to one of the functional categories of expenditure in the Statements. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings

25% on a Straight line basis

Funds

Unrestricted Funds comprise those funds which the trustees are free to use in accordance with it's charitable objects.

The charity does not have any Restricted Funds

Significant management judgments and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected. There are no specific management judgments in applying the accounting policies of the charity that have a significant effect on the amounts recognised in the financial statements

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Going concern

The trustees are satisfied that there are sufficient reserves to secure the immediate future of the charity for the next 18 to 24 months and on that basis the charity is a going concern.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Financial assets measured at fair value comprise cash and cash equivalents.

2.

Independent Examiner

Independent Examiner
2024 2023
£ £
Independent Examiner's remuneration 1,150 1,000

HIGHCROFT COMMUNITY CENTRE CIO

Notes to the Unaudited accounts

For the Period Ending 31 March 2024

3. Tangible Fixed Assets

4.

5.

Cost
Brought forward
Carried forward
Depreciation
Brought forward
Charge for year
Carried forward
Net Book Value
Brought forward
Carried forward
Creditors falling due within one year
Accruals and deferred income
Unrestricted Funds
Brought forward
Profit / (Loss) for the period
Surplus/(Deficit) at 31 March 2024		 Fixtures &
Fittings
3,437		 2024
£
1,100		 £
3,437
3,437 3,437
3,008
429		 3,008
429
3,437 3,437
429 429
- -
2023
£
1,000
1,100 1,000
2024
£
53,522
(1,519)		 2023
£
47,244
6,278
52,003 53,522

There were no staff employed by the charity in the year ended 31 March 2024 (2023: Nil). None of the trustees received any remuneration nor have they been reimbursed for any expenses during this period or the prior period. There were no further related party transactions noted in the year ended 31 March 2024 or the prior year.

HIGHCROFT COMMUNITY CENTRE CIO

Independent Examiner's Report to the Trustees of Highcroft Community Centre CIO

Period Ending 31 March 2024

I report to the Trustees on my examination of the financial statements of Highcroft Community Centre CIO (the Charity) for the year ended 31 March 2024

Responsibilities and basis of report

As the Trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving m

  1. Accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act, or

  2. The financial statements do not accord with those records; or

  3. The financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination: or

  4. The financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

24A Marsh Hill Erdington Birmingham B23 7EP

BKIC LIMITED

02 December 2024

HIGHCROFT COMMUNITY CENTRE CIO

Detailed Statement of Financial Activities (Incorporating Income and Expenditure Account)

PERIOD ENDING 31 MARCH 2024

Income
Grants
Room Hire
Cost of Income
Overheads
Security & Caretaking
Rates & Water
Utilities
Insurance
Repairs & Renewals
Accountancy
Telephone & Internet
Sundry expenses
Depreciation
Net Profit /(Loss) for the Year		 2024
£
£
-
45,094
18,820
3,820
10,593
2,243
7,465
1,150
2,010
83
429
46,613
(1,519)		 2023
£
2,500
53,990
18,374
4,552
9,304
2,016
11,168
1,000
2,157
782
859
50,212
6,278

CHARITY REGISTRATION NUMBER: 1153987

HIGHCROFT COMMUNITY CENTRE CIO

Unaudited Financial Statements PERIOD ENDING 31 MARCH 2024

BKIC Limited

24A Marsh Hill

Erdington Birmingham West Midlands B23 7EP

HIGHCROFT COMMUNITY CENTRE CIO

Unaudited Financial Statements

PERIOD ENDING 31 MARCH 2024

Charity Number 1153987
Trustees Mr F Wootton (Chair)
Mr F Harris
Mr A P Williams
Ms P Gouldingay
Mr R Vernalls
Ms K Thrupp
Secretary Ms C Dockery
Registered Office Slade Road
Erdington
Birmingham
B23 7AU

HIGHCROFT COMMUNITY CENTRE CIO

Unaudited Financial Statements

For the Period Ending 31 March 2024

Contents Pages
The Trustees' report 1 to 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the financial statements 5 to 7
Independent Examiner's Report 8
Detailed Statement of Financial Activities 9

HIGHCROFT COMMUNITY CENTRE CIO

The Trustees' Report

Period Ending 31 March 2024

The Trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the period ending 31 March 2024

The Trustees have adopted the Provisions of the Charities Statement of Recommended Practice (Financial Reporting Standard 102) —‘Accounting and Reporting by Charities” effective from 1 January 2015 in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in Note 1 and comply with the trust deed and applicable law.

Principal Activities

The principal activity of the charity during the period was the provision of Community Centre facilities.

Trustees

The Trustees who served the charity during the year were as follows:

Mr F Wootton (Chair) Mr F Harris Mr A P Williams Ms P Gouldingay Mr R Vernalls Ms K Thrupp

Structure, Governance and Management

The charity was established by deed dated 16 September 2013, under charity number 1153987, and operates for the public benefit. The principal office is Slade Road, Erdington, Birmingham, West Midlands, B23 7AU.

The trustees held office throughout the year and to date. The power of appointing new or additional trustees rests with the continuing trustees.

The charity has no staff of its own. All decisions regarding the charity are taken by the trustees alone.

Periodically, the trustees identify and review major risks. Where practical and/or appropriate, decisions are taken to reduce or remove them.

The trustees are supported by a local organisation, which has significant experience in developing community services and managing facilities.

Objectives and Future Plans

The Object as stated in the charity deed is to promote the benefit of the inhabitants of Stockland Green and the surrounding area without distinction of sex, sexual orientation, race or politics, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to improve facilities and service provision in the interests of social welfare, community cohesion, and improving life conditions and life changes for local residents.

Accordingly, the trustees have discretion over the use of the charity's funds.

The trustees employ an income and Expenditure accounting system, reconciled with the bank balance before each committee meeting. There are financial protocols in place which stipulate that expenditure over £500 must have the authority of the board of trustees.

The trustees consider that the trust’s achievements and performance meet the public benefit requirements and the activities and performance are satisfactory.

Accounting and Reporting Responsibilities

The trustees are required under the Charities Act 2011 and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102), to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year.

In preparing financial statements giving a true and fair view, the trustees should follow best practice and:

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity, and which enable them to ascertain the financial position of the charity, and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. The trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the Trustees

Mr F Wootton (Chair) ______

Ms C Dockery (Secretary) ______

Approved by the Trustees on ____

HIGHCROFT COMMUNITY CENTRE CIO

Statement of Financial Activities (Incorporating Income and Expenditure Account)

Period Ending 31 March 2024

Notes
Income
1
Administrative expenses
2
Operating Surplus/(Deficit)		 2024
£
45,094
45,094
46,613
(1,519)		 2023
£
56,490
56,490
50,212
6,278

All of the above results are derived from continuing activities. All gains and losses in the year are included in the above. All income and expenditure in both the current and the prior year related to unrestricted funds.

The notes on pages 5 to 7 form part of these unaudited accounts

HIGHCROFT COMMUNITY CENTRE CIO

Balance Sheet

As at 31 March 2024

Notes
Fixed Assets
Tangible assets
3
Current assets
Debtors
Cash at Bank and in Hand
Creditors: Amounts falling due within one year
4
Total assets less current liabilities
Represented by Accumulated Funds
Unrestricted Funds
5		 2024
£
-
7,460
45,643
53,103
1,100
52,003
52,003
52,003		 2023
£
429
12,220
41,873
54,093
1,000
53,522
53,522
53,522

These financial statements were approved by the Trustees and authorised for issue on ___, and are signed on their behalf by:

Mr F Wootton (Chair)

The notes on pages 5 to 7 form part of these unaudited accounts

HIGHCROFT COMMUNITY CENTRE CIO

Notes to the Unaudited accounts

For the Period Ending 31 March 2024

1. Accounting policies

Basis of accounting

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities SORP (FRS 102). The Trust is a public benefit entity, as defined in FRS 102, and applies the relevant paragraphs prefixed ‘PBE’ in FRS 102.

These financial statements have been prepared under the historic cost convention.

Cash flow exemption

A Statement of Cash Flows has not been produced as the charity is within the small charity thresholds.

Income

All income is recognised once the charity has entitlement to the resources, it is probable that the resources will be received and the monetary value of income can be measured with sufficient reliability.

Expenditure

All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation to pay the expenditure. All costs have been directly attributed to one of the functional categories of expenditure in the Statements. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings

25% on a Straight line basis

Funds

Unrestricted Funds comprise those funds which the trustees are free to use in accordance with it's charitable objects.

The charity does not have any Restricted Funds

Significant management judgments and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected. There are no specific management judgments in applying the accounting policies of the charity that have a significant effect on the amounts recognised in the financial statements

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Going concern

The trustees are satisfied that there are sufficient reserves to secure the immediate future of the charity for the next 18 to 24 months and on that basis the charity is a going concern.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Financial assets measured at fair value comprise cash and cash equivalents.

2.

Independent Examiner

Independent Examiner
2024 2023
£ £
Independent Examiner's remuneration 1,150 1,000

HIGHCROFT COMMUNITY CENTRE CIO

Notes to the Unaudited accounts

For the Period Ending 31 March 2024

3. Tangible Fixed Assets

4.

5.

Cost
Brought forward
Carried forward
Depreciation
Brought forward
Charge for year
Carried forward
Net Book Value
Brought forward
Carried forward
Creditors falling due within one year
Accruals and deferred income
Unrestricted Funds
Brought forward
Profit / (Loss) for the period
Surplus/(Deficit) at 31 March 2024		 Fixtures &
Fittings
3,437		 2024
£
1,100		 £
3,437
3,437 3,437
3,008
429		 3,008
429
3,437 3,437
429 429
- -
2023
£
1,000
1,100 1,000
2024
£
53,522
(1,519)		 2023
£
47,244
6,278
52,003 53,522

There were no staff employed by the charity in the year ended 31 March 2024 (2023: Nil). None of the trustees received any remuneration nor have they been reimbursed for any expenses during this period or the prior period. There were no further related party transactions noted in the year ended 31 March 2024 or the prior year.

HIGHCROFT COMMUNITY CENTRE CIO

Independent Examiner's Report to the Trustees of Highcroft Community Centre CIO

Period Ending 31 March 2024

I report to the Trustees on my examination of the financial statements of Highcroft Community Centre CIO (the Charity) for the year ended 31 March 2024

Responsibilities and basis of report

As the Trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving m

  1. Accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act, or

  2. The financial statements do not accord with those records; or

  3. The financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination: or

  4. The financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

24A Marsh Hill Erdington Birmingham B23 7EP

BKIC LIMITED

02 December 2024

HIGHCROFT COMMUNITY CENTRE CIO

Detailed Statement of Financial Activities (Incorporating Income and Expenditure Account)

PERIOD ENDING 31 MARCH 2024

Income
Grants
Room Hire
Cost of Income
Overheads
Security & Caretaking
Rates & Water
Utilities
Insurance
Repairs & Renewals
Accountancy
Telephone & Internet
Sundry expenses
Depreciation
Net Profit /(Loss) for the Year		 2024
£
£
-
45,094
18,820
3,820
10,593
2,243
7,465
1,150
2,010
83
429
46,613
(1,519)		 2023
£
2,500
53,990
18,374
4,552
9,304
2,016
11,168
1,000
2,157
782
859
50,212
6,278