Kibblesworth Village Millennium Centre
Charity no. 1157276
## Financial Statements
for the period ended 31 May 2024
## **Kibblesworth Village Millennium Centre**
## **For the year ended 31 May 2024**
The Management Committee have pleasure in presenting their report and the un-audited Financial Statements for the year ended 31 May 2023
## **Reference and Administrative Details**
**Charity No 1157276 Principal Office** Kibblesworth Millenium Centre Grange Terrace Kibblesworth Tyne & Wear NE11 0XN **Independent Examiner** Mark Thompson MAAT 42 Lesbury Road Heaton Newcastle upon Tyne NE6 5LB **Bankers** Barclays Bank **Management Committee** Richard Irwin **& Trustees** Norma Bolton Kay Robson Carol Gowland Karen Martin Graham Askew Carole Baker John Martin Cllr Sheila Gallagher (Not Trustee)
## **Kibblesworth Village Millennium Centre**
## **Trustees' Report**
## **Principal activities and review of the business for the year ended 31st May 2024**
Kibblesworth Village Millennium Centre was opened in 2001 with an elected Management Committee to oversee the running of the Centre. Kibblesworth Village Millennium Centre became a registered charity on 2nd June 2014 and is managed by elected trustees.
## **The aims and objects of the Trustees of Kibblesworth Village Millennium Centre are:**
To further or benefit the residents of Kibblesworth and the neighbourhood, without distinction of sex, sexual orientation, race, or political, religious or other opinions by associating together the said residents and 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 leisure time occupation with the objective of improving the conditions for life for the residents.
In furtherance of these objects but not otherwise, the trustees have power to establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects. We provide a community facility in Kibblesworth that is available to members and Gateshead residents, as well as to businesses who wish to hire our facilities.
## **Activity**
The Centre intends that as many group / individual activities that reflect the mission statement will be encouraged to hire space in the Centre. Over the past year we have had the following groups booked in regularly on a hire basis:
## **Wellness and fitness:**
Yoga – 1 x weekly sessions. Line dancing – 2 x weekly sessions Pilates – 3 x weekly sessions
## **Education:**
Kibblesworth Woodcrafters – wood crafting group – 2 x weekly sessions Painting and drawing – 2 x weekly sessions Royal Photographic Society – monthly sessions
## **Reducing isolation:**
Coffee morning – held every Monday morning and ran by volunteers Warm Space Wednesdays – held weekly and ran by volunteers Bingo – weekly sessions ran by volunteers Millennium baby and toddler group – weekly sessions in term time Kibby Krafters – weekly sessions.
## **Support provided to local community**
The Millennium Centre hosts surgeries which are organised by local GP practices to enable local residents to easily access medical care and flu vaccinations.
Ward Councillor surgeries are held monthly for local residents to access their councillor.
Polling station for local residents to vote.
Meeting venue for local residents and charitable/voluntary organisations.
Easter and Christmas church services to give more local residents the opportunity to attend. Remembrance Service held annually.
Fundraising fayres and events to raise money for local and national charities, e.g. ADDER, Sepsis UK, Kibblesworth Colliery Banner Society, Harvest and Help, pie and pea suppers, school parties.
## **Risk management**
The trustees are personally responsible and liable for keeping proper accounting records and safeguarding the assets of the organisation. They have assessed the major risks that the organisation is exposed to, in particular those relating to its operations and finances. They are satisfied that systems are in place to mitigate exposure to major risks.
Signed ……………………………………… Position …………Chair Date ………………………………………….
## **INDEPENDENT EXAMINER'S REPORT**
## **Report to the trustees of Kibblesworth Village Millennium Centre**
**On accounts for 31 May 2024 Charity no 1157276 the year ended**
**Respective** The trustees of the organisation are responsible for the preparation of **responsibilities of** accounts; they consider that an audit is not required for this year under **trustees and** section 144(2) of the Charities Act 2011 and that an Independent **examiner** Examination is needed. It is my responsibility to
- examine the accounts (under section 145 of the 2011 Act),
- follow the procedures laid down in the General Directions given by the
- Charity Commission (under section 145(5)(b) of the Act), and
- state whether particular matters have come to my attention.
**Basis of** My examination was carried out in accordance with General Directions **independent** given by the Charity Commissioners. An examination includes a review of **examiner’s** the accounting records kept by the charity and a comparison of the **statement** accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
- **Independent** In the course of my examination, no matter has come to my attention: **examiner's** 1. which gives me reasonable cause to believe that in, any material **statement** respect, the trustees have not met the requirements to ensure that:
- proper accounting records are kept (in accordance with section 130 of
- the Act); and
- accounts are prepared which agree with the accounting records and
- comply with the accounting requirements of the Act; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Signed:** NVNy Yh_ **Date: 2nd April 2025**
**Name:** Mark Thompson MAAT **Address:** 42 Lesbury Road Newcastle NE6 5LB
## **Kibblesworth Village Millennium Centre**
|**Receipts & Payments Account for the period**
**1 June 2023 to 31 May 2024**
notes
**Receipts**
Grants received
(3)
Events and activities
Room Hire
Membership
Preloved and Sundry Sales
**Total Receipts**
**Payments**
Staffing Costs & Volunteer Expenses
Equipment
Utilities
Events and activities
Insurances
Office supplies, postage and stationery
Building maintenance, repair and supplies
Accountancy
(4)
**Total Payments**
Surplus/Deficit for the period
Balance brought forward at 1 June 2023
**Balance at 31 May 2024**|**Unrestricted Restricted**
**Total**
**Funds**
**Funds**
**2024**
**£**
0
7789
7789
18523
18523
362
362
0
**26674**
**0**
**26674**
19309
19309
7520
7520
5647
5647
1329
1329
985
985
522
522
1869
1869
475
475
**37656**
**0**
**37656**
-10982
0
-10982
47270
0
47270
**36288**
**0**
**36288**|**Total**
**2023**
**£**
6000
7285
22686
119
61|
|---|---|---|
|||**36151**|
|||15973
2535
6135
5032
905
467
1059
450|
|||**32556**|
|||3595
43675|
|||**47270**|
## **Kibblesworth Village Millennium Centre**
## **Balance Sheet at 31 May 2024**
|**Monetary Assets**
Cash at Bank and in Hand
Prepayments
**3**
**Liabilities**
Creditors
**4**
**Total Nett Assets at 31 May 2024**
**Represented by:**
**Restricted Funds**
**Designated Funds**
Building & Maintenance Reserve
**5**
**Free Reserves**
**Total Funds**|**2024**
**£**
35778
985
-475
**36288**
0
31310
4978
**36288**|**2023**
**£**
46815
930
-475|
|---|---|---|
|||**47270**|
|||0
39310
7960
**47270**|
The financial statements were approved by the following members of the Management Committee :
Signed …………….……………………… Position ………………………………….. Signed …………….……………………… Position ………………………………….. Date ……………………………………….
## **Kibblesworth Village Millennium Centre**
## **Notes to the accounts for the period ending 31 May 2024**
## **(1) Accounting policy**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006
Kibblesworth Village Millennium Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **(2) Legal Status**
Kibblesworth Village Millennium Centre is a charity (CIO) registered with the Charity Commission, Registration no 1155927.
It is governed by a management committee.
## **(2) Trustees and Staff**
No Trustees were refunded any travel expenses incurred during the period.
Salary costs and volunteer costs for the year are:
**----- Start of picture text -----**
£19,309
(3) Prepayments
Insurance £985
(4) Creditors
Accountancy fee for the year £475
**----- End of picture text -----**
## **(5) Designated Reserves**
## **Building & Maintenance Reserve**
The Management Committee, as is good financial practice, designated funds to help with the upkeep and running of the building.
|Staff & Running Costs
Repairs & Maintenance
General Décor & Flooring
12 Months Ahead Costs|15000
10000
4310
2000|
|---|---|
||**£31,310**|