2021-03-31-accounts - The Winlaton Centre CIO

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

The Winlaton Centre CIO

Financial Statements

For The Year Ended 31 March 2021

Registered Charity No. 1160323

The Winlaton Centre CIO Members of the Management Committee and Professional Advisors For the year ended 31 March 2021

The Management Committee have pleasure in presenting their report and the un-audited Financial Statements for the year ended 31 March 2021

Reference and Administrative Details

Charity No	1160323
Address	Winlaton Community Centre
	North Street
	Winlaton
	Blaydon
	NE21 5BY
Accountant	Mark Thompson MAAT
	42 Lesbury Road
	Heaton
	Newcastle upon Tyne
	NE6 5LB
Bankers	Lloyds Bank
	Blaydon
	NE21 5BY
Trustees	Marge Hunter
	Eileen Bullock
	John Johnson
	Aileen Henderson
	Andrena Lauder

The Winlaton Centre CIO

Report of the Trustees for the Year Ended 31 March 2021

Achievement and performance

The management committee have been committed throughout this last year to ensuring the success of the centre with the support and hard work of only 3 part time staff and a small number of volunteers.

As with the whole country Covid 19 has had significant impact on the centre with activities involving room hire for sports and crafts being suspended as government guidance directed.

This also provided an opportunity for the centre to help some of the older members of our community as well as those isolating with over 2,000 meals being cooked and delivered during lockdown.

Fareshare continued to grow, avoiding food waste and providing a focal point for locals to meet, while keeping to social distancing rules.

The centre continues to support individuals and families in need with the provision of groceries and toiletries.

Local businesses as well as many individuals have donated goods and money to the centre enabling us to continue helping people in our community.

We continue to work with our local community to meet their needs.

Financial review, investment policy and reserves

Winlaton Community Association operates on a not for profit basis. Any monies raised over and above our immediate operating costs are held within our Maintenance Fund which is held against future building repair expenditure and replacement of van.

Within the year to 31[st] March 2021 we had income of £118,109 and a total expenditure of £71,536 showing a surplus of £46,573.

It is the policy of Winlaton Community Association to maintain unrestricted funds at a level which covers at least six months unrestricted expenditure. In addition the centre aims to retain a capital reserve to provide funds for future capital expenditure of the Charity.

Statement of Trustees' responsibilities

Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently;
Make judgements 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 operational existence.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees and signed on their behalf by:-

......................................................

INDEPENDENT EXAMINER'S REPORT

Report to the trustees of	The Winlaton Centre CIO
On accounts for the year ended	31 March 2021 Charity no 1160323
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:	Date: 23rd September 2021
Name:	Mark Thompson MAAT
Address:	42 Lesbury Road
	Newcastle
	NE6 5LB

The Winlaton Centre CIO Statement Of Financial Activities For the year ended 31 March 2021

Incoming Resources Notes Grants 2 HMRC Job Retention Scheme Donations & Fundraising Room Hire Mini Bus Fareshare Income Vending Machines & Pool Table Activities Income Misc Profit on Vehicle Sale Bank Interest Total Incoming Resources Resources Expended Salaries 3 Utilities Maintenace & Refurbishment Vehicle Costs Equipment & IT Activities & Materials Grant Expenditure Fareshare Expenditure Postage, Print & Stationery Telephone & Internet Insurance Licences & Affiliations Legal & Professional Vending Stock Volunteer Costs Training Depreciation Cleaning Bad Debts Donations Total Resources Expended Net income (expenditure) for the year Transfer between funds Funds b/fwd Total Funds as at 31 March 2021	Unrestricted Funds 2021 46449 5370 14851 16106 8 1853 128 84765 33697 13349 1486 85 64 1193 2309 1311 708 127 66 2313 395 400 57503 27262 19311 100708 147281	Restricted Funds 2021 11270 22074 33344 5673 5597 2763 14033 19311 -19311 4169 4169	Total Total Funds Funds 2021 2020 57719 6121 5370 0 14851 6370 16106 48086 0 0 22074 11299 8 1512 1853 631 0 0 0 6000 128 195 118109 80214 33697 32196 13349 14944 5673 11724 1486 1377 85 1919 0 62 5597 0 2763 844 64 80 1193 1040 2309 2134 1311 1319 708 543 0 817 127 148 66 43 2313 2197 395 1208 400 0 0 556 71536 73151 46573 7063 104877 97814 151450 104877

The Winlaton Centre CIO

Balance Sheet as at 31 March 2021

			2021		2020
	Notes	£	£	£	£
Fixed Assets
Tangible Fixed Assets	4		1		2314
Currents Assets
Cash at bank and in hand		150987		96954
Debtors & Prepayments	5	2323		7444
		153310		104398
Current Liabilities	6	1860		1835
Net Current Assets			151450		102563
Net Assets			151450		104877
Funds	7
Restricted Funds			4169		4169
General Funds			109281		62708
Designated Funds			38000		38000
			151450		104877

Approved by the Committee on ……………………………..

and signed on their behalf:

………………………………………………………

The Winlaton Centre CIO

Notes to the financial statements for the year ended 31 March 2021

1 Accounting Policies

1.1 Basis of preparation of accounts

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

The Winlaton Centre CIO 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).

1.2 Grant receivable and local authority fees

Grants received are accounted for on a receivable basis and credited to income. Any grants restricted to future accounting periods are deferred and recognised in those accounting periods.

1.3 Donations & Other Income

All income is accounted for when it is received.

1.4 Funds

Restricted funds comprise funds subject to specific restrictions imposed by donors and funders. The purpose and uses of the restricted reserves are set out in note 7 to the accounts. Unrestricted funds comprise funds which can be used in accordance with the charitable objectives at the discretion of the Management Committee.

1.5 Expenditure

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

1.6 Tangible fixed assets and depreciation

Tangible fixed assets for use by the charity are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles

Depreciated over 24 months.

1.7 Legal Status

The Winlaton Centre CIO registered with The Charities Commission 4 February 2015, registered no. 1160323.

2	Grants Received:
	Gateshead Council (Rate Relief Grant)		25000
	Gateshead Council (Local Restriction Support Grant)		20048
	Asda (Food & Summer Fare)		1400
	HMRC Job Retention Scheme		5370
	Lottery Community Fund (Supporting Communities)		11270
	Total Grants Received		63088
3	Staff Costs
	Total salary costs for the financial year:	33697

4 Tangible Fixed Assets Cost At 1 April 2020 Additions Disposals At 31 March 2021 Depreciation At 1 April 2020 Charge for the year Disposals At 31 March 2021 Net Book Value 31 March 2021 5 Debtors Prepayments Total Debtors 6 Current Liabilities Sundry Liabilities	Van Total 4272 4272 0 0 0 4272 4272 1958 1958 2313 2313 0 4271 4271 1 1 2323 2323 1860

Restricted Funds	B/fwd		Income	Expend	Transfer to	C/fwd
					Gen Funds
Lottery Community Fund (Supporting	Communities)		11720	11720		0
Fareshare (Grant & Donations)			22074	2763	-19311	0
Youth Club		4169				4169
Total		4169	33794	14483	-19311	4169
Designated Funds
Vehicle Replacement & Repair Fund		10000
Building Maintenance Fund		50000
Additional Staffing		3000
Total Designated Funds		63000

7 Restricted Funds

Vehicle Replacement & Repair Fund

Is to pay for any major repairs to the vehicle, and eventually towards a new vehicle.

Building Maintenance Fund

Is to pay for any major repairs and improvements to the building, also to purchase new equipment and facilities. This has been increased from £25,000 to £50,000 to include roof repairs and replacement, likely to happen within the next year.

Additional Staffing

Funds put aside for additional staffing costs.

	Total
Statement of Funds
Restricted Funds	4169
Designated Funds	63000
Unrestricted Funds	62708
Total	129877