2022-03-31-accounts - The Winlaton Centre CIO

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The Winlaton Centre CIO

Financial Statements

For The Year Ended 31 March 2022

Registered Charity No. 1160323

The Winlaton Centre CIO Members of the Management Committee and Professional Advisors For the year ended 31 March 2022

The Management Committee have pleasure in presenting their report and the un-audited Financial Statements for the year ended 31 March 2022

Reference and Administrative Details

Charity No	1160323
Address	Winlaton Community Centre
	North Street
	Winlaton
	Blaydon
	NE21 6BY
Accountant	Mark Thompson MAAT
	42 Lesbury Road
	Heaton
	Newcastle upon Tyne
	NE6 5LB
Bankers	Lloyds Bank
	Blaydon
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 2022

Achievement and performance

Primary focus this year has been on Covid recovery to ensure the centre could reopen fully giving access to all clients and the general public. This could not have been achieved without the financial support given by the available central and local government Covid grants. The continued provision of food to families via our ‘Fare share’ markets and holiday activities remained a priority and was only able to continue throughout the last year with the support of a strong team of volunteers old and new.

In partnership with Gateshead Council and five local community centres, we have been successful in gaining lottery funding for a three year program of promoting a One Stop Shop where local people can come for advice or signposting to agencies that can help, and to provide crisis support. Again working in partnership, weekly drop-in with Citizens Advice is provided for the 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 2022 we had income of £91,551 and a total expenditure of £77,432 showing a surplus of £14,119.

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 2022 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: 15 November 2022 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 2022

Unrestricted Funds 2022 12000 1514 12500 32959 69 390 300 35	Restricted Funds 2022 13099 18685	Total Total Funds Funds 2022 2021 25099 57719 1514 5370 12500 14851 32959 16106 0 0 18754 22074 390 8 300 1853 0 0 0 0 35 128
59767	31784	91551 118109
32644 11944 12296 3320 1870 412 757 2449 1943 1273 137 250 0 571 85	5599 1882	32644 33697 11944 13349 12296 5673 3320 1486 1870 85 0 0 5599 5597 1882 2763 412 64 757 1193 2449 2309 1943 1311 1273 708 0 0 137 127 250 66 0 2313 571 395 0 400 85 0
69951	7481	77432 71536
-10184 24303 147281	24303 -24303 4169	14119 46573 151450 104877
161400	4169	165569 151450

The Winlaton Centre CIO

Balance Sheet as at 31 March 2022

		2022		2021
	Notes	£	£	£	£
Fixed Assets
Tangible Fixed Assets	4	1		1
Currents Assets
Cash at bank and in hand		210901		150987
Debtors & Prepayments	5	3711		2323
		214612		153310
Current Liabilities	6	49043		1860
Net Current Assets			165569		151450
Net Assets			165569		151450
Funds	7
Restricted Funds			39470		4169
General Funds			13099		84281
Designated Funds			113000		63000
			165569		151450

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 2022

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 (Restart Grant)		12000
	Asda (Food & Summer Fare)		1000
	Neighbourly Food Grant		400
	HMRC Job Retention Scheme		1514
	Lottery Community Fund (Supporting Communities)		11699
	Total Grants Received		26613
3	Staff Costs
	Total salary costs for the financial year:	32644

4 Tangible Fixed Assets Cost At 1 April 2021 Additions Disposals At 31 March 2022 Depreciation At 1 April 2021 Charge for the year Disposals At 31 March 2022 Net Book Value 31 March 2022 5 Debtors Prepayments Sundry Debtors Total Debtors 6 Current Liabilities Grant Received In Advance Sundry Creditors PAYE (HMRC) Total Current Liabilities	Van Total 4272 4272 0 0
	4272 4272
	4271 4271 0 0
	4271 4271

	1 1
	2742 969 3711 42045 6706 292 49043

Restricted Funds	B/fwd	Income	Expend	Transfer to	C/fwd
				Gen Funds
Lottery Community Fund (Supporting	Communities)	11699	4199	-7500	0
Asda (Food & Summer Fare)		1000	1000		0
Neighbourly Food Grant		400	400		0
Fareshare (Grant & Donations)		18685	1882	-16803	0
Youth Club	4169				4169
Total	4169	31784	7481	-24303	4169
Designated Funds
Vehicle Replacement & Repair Fund	10000
Building Maintenance Fund	100000
Additional Staffing	3000
Total Designated Funds	113000

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 £50,000 to £100,000 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	113000
Unrestricted Funds	13099
Total	130268