## **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. - 1 - 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: - Select suitable accounting policies and then apply them consistently. - Make judgments and estimates that are reasonable and prudent. - 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 - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation 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 ______________________ - 2 - ## **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** - 3 - **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** - 4 - **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 - 5 - ## **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| - 6 - ## **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. - 7 - **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 - 8 - ## **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**| - 9 - **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. - 1 - 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: - Select suitable accounting policies and then apply them consistently. - Make judgments and estimates that are reasonable and prudent. - 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 - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation 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 ______________________ - 2 - ## **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** - 3 - **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** - 4 - **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 - 5 - ## **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| - 6 - ## **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. - 7 - **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 - 8 - ## **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**| - 9 -