bookings@theacaciacentre.co.uk
Acacia Centre Limited (Company number 07178885, Charity number 1156651) Financial statements For the year ended 31[st] March, 2022
| Page | Contents |
|---|---|
| 2 – 3 | Trustees and Directors’ report |
| 4 | Independent Examiners report |
| 5 | Profit and loss account |
| 6 | Balance sheet |
Acacia Centre Limited Trustees’ and Directors’ Report For the year ended 31[st] March, 2022
The Trustees’ and Directors submit their annual report and the financial statements for the year ended 31[st] March, 2022.
Full Name: Acacia Centre Limited Date of Incorporation: 4/3/2010 Registered Company number: 07178885
Registered Charity number: Registered Address: The Acacia Centre Acacia Avenue Annesley Woodhouse Notts NG17 9BH
1156651 (Registered 11/4/14)
Trustees/Directors:
Susan Reast Shaun Hayfield Ruth Hayfield Gary Lockwood Leanne Bates Shaun Pollard
Legal Status
Acacia Centre Limited is a company limited by guarantee and a registered charity and, therefore has no share capital. The company is governed by the Articles of Association adopted on the 1[st] March, 2016.
Independent Examiner
Mr Gareth Alvey, AAT Affiliate Member No. 10268721
Exemptions
The Trustees/Directors have taken advantage of the exemptions available to small companies, including the audit exemption (see statement on balance sheet).
Main Activities
Acacia Centre Limited runs the Acacia Community Centre for the benefit of the residents of Annesley/Annesley Woodhouse, it provides a venue for community activities and events and also runs and organises clubs (Lunch Club, Tea Dance, Work Club and Mother & Toddler Group).
Summary for the Accounting Period
We have had another reasonable year in terms of income generation, However we had to were unable to re-open fully business until October due to coronavirus lockdown, therefore lost some of our general income.
The company’s policy on reserves:
We are looking to build up reserves of one year’s full running costs.
Responsibilities of the directors:
Company law requires the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company at the end of the year and of the surplus or deficiency for the year then ended.
In preparing those financial statements, the directors are required to: select suitable accounting policies, as described on page 7, and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. The directors must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the company, and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
Small company provision:
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
The directors declare that they have approved the directors’ report above.
Signed on behalf of the company’s directors:
Signed _______ Date _____ Susan Reast, Director
Independent examiners report to the trustees and directors of Acacia Centre Limited for the year ended 31[st] March, 2022
I report on the accounts of the charity, which are set out on pages 5 to 8.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the general directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the statement of recommended Practice: Accounting and Reporting by Charities
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed ____ Date _______
Acacia Centre Limited Profit and Loss account (incorporating the income and expenditure account) for the year ended 31[st] March, 2022
| 2021 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | |||
| £ | Note | £ | £ | £ | |
| Income | |||||
| 43590 | Grants & Donations | 5 | 55401 | 55401 | |
| 0 | Fundraising | 148 | 148 | ||
| 2200 | Room Rental Income | 9921 | 9921 | ||
| 0 | Rent | 0 | 0 | ||
| 0 | Fees |
0 | 0 | ||
| 0 | Bar & Café income | 7139 | 7139 | ||
| 0 | Equipment Hire | 1475 | 1475 | ||
| 0 | Project Income | 0 | 0 | ||
| 0 | Sessional Staff | 1229 | 1229 | ||
| 0 | Activities/Clubs | 575 | 575 | ||
| 47336 | HMR&C JRS | 21448 | 21448 | ||
| 1070 | Utilities refund | 0 | 0 | ||
| 94196 | Total income | 97336 | 97336 | ||
| Expenditure | |||||
| 56650 | Wages & NI | 73464 | 73464 | ||
| 2495 | Pensions | 3126 | 3126 | ||
| 0 | Staff Expenses | 403 | 403 | ||
| 12720 | Utilities | 5394 | 5394 | ||
| 510 | Cleaning | 351 | 351 | ||
| 1922 | Insurance | 246 | 1922 | ||
| 2010 | Equipment, repairs & maint | 4991 | 4991 | ||
| 0 | Hired Equipment | 1350 | 1350 | ||
| 1526 | Office | 2951 | 2951 | ||
| 531 | Legal & Professional | 714 | 714 | ||
| 0 | Café Expenses | 3933 | 3933 | ||
| 0 | Bank Charges | 96 | 96 | ||
| 1250 | Sessional Staff | 3333 | 3333 | ||
| 4961 | Customer Refund | 80 | 80 | ||
| 84545 | Total Expenditure | 96600 | 96600 | ||
1250 |
Total funds brought forward | 10901 | 10901 | ||
| 10901 | Total funds carried forward | 11637 | 11637 |
Acacia Centre Limited Balance sheet For year ended 31[st] March, 2022
| 2021 | 2022 | |||
|---|---|---|---|---|
| £ | Note | £ | £ | |
| Fixed assets | ||||
| Tangible assets | ||||
| Total fixed assets | ||||
| Current assets | ||||
| 0 | Stock | 379 | ||
| 0 | Debtors | 0 | ||
| 10901 | Cash at bank and in hand | 11637 | ||
| 10901 | Total current assets | 12016 | ||
| Liabilities | ||||
| Creditors: | 1 |
|||
| (1435) | amounts falling due within one year | (467) | ||
| 9463Net current assets | 11549 | |||
| 9463Net Assets | 11549 | |||
| The funds of the company | ||||
| 9463 Unrestricted income funds | 11549 | |||
| Restricted income funds | 0 | |||
| 9463 Total funds | 11549 |
Exemption from audit:
For the year ending 31/03/22 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the Financial Reporting standard for Smaller Entities (effective April 2008).
The directors declare that they have approved the accounts above. Signed on behalf of the company’s directors:
Signed ____ Dated _______ Susan Reast-Director
Acacia Centre Limited Notes to the accounts for the year ended 31[st] March, 2022
1. Accounting policies
Basis of the preparation of the accounts
These financial statements have been prepared under the historical cost convention and the Financial Reporting Standard for Smaller Entities (effective April 2008) and in accordance with the provisions applicable to companies subject to the small companies regime under the Companies Act 2006.
Incoming resources
All material incoming resources have been included on a receivable basis – i.e. they are included if the date receivable falls within the period covered by these accounts.
Pension costs
Acacia Centre Ltd. operates Nest Pension scheme after the first 12 weeks of employment in line with the Governments requirements.
Resources expended
These have been analysed using a natural classification.