## **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** |**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 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**|