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2023-03-31-accounts

The Winlaton Centre CIO

Financial Statements

For The Year Ended 31 March 2023

Registered Charity No. 1160323

The Winlaton Centre CIO Members of the Management Committee and Professional Advisors For the year ended 31 March 2023

The Management Committee have pleasure in presenting their report and the un-audited Financial Statements for the year ended 31 March 2023

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 2023

Achievement and performance

In order to ensure the continued operation of the Winlaton Centre the priority this last year was to replace the badly leaking roof which was completed and funded with the help of a grant from Suez but mainly by the centre’s funds. In addition to this, an increase in energy bills of over 274% added to the cost pressure on the centre.

Year 2 of the partnership working with Gateshead Council and other local community centres has continued to look at projects that would enable the centre to be more sustainable in the future. The success of having Citizen Advice Gateshead staff based regularly at the centre has given the community local access to this service.

Working with Gateshead Council and the other local community centres has highlighted the need for a strong governing committee for the centre. This has resulted in a ‘back to basics’ approach with the centres trustees reviewing its roles and responsibilities to ensure a stronger committee going forward.

The Winlaton Centre continues to support the local community with food provision with many families making use of the ‘feeding families’ programmes operating through the year as well as our twice weekly ‘fareshare markets’. This would not be possible without the team of volunteers who support the centre with their ongoing support and hard work.

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 2023 we had income of £168,105 and a total expenditure of £265,380 showing a deficit of £97,275.

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:

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 The Winlaton Centre CIO trustees of

On accounts for 31 March 2023 Charity no 1160323 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: Date: 3 October 2023 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 2023

Incoming Resources
Notes
Grants
2
HMRC Job Retention Scheme
Donations & Fundraising
Room Hire
Mini Bus
Fareshare Income
Vending Machines & Pool Table
Activities Income
Bank Interest
Total Incoming Resources
Resources Expended
Salaries
3
Utilities
Maintenace & Refurbishment
Vehicle Costs
Equipment & IT
Activities & Materials
Grant Expenditure
Fareshare Expenditure
The Hub Expenses
Postage, Print & Stationery
Telephone & Internet
Insurance
Licences & Affiliations
Legal & Professional
Volunteer Costs
Training
Depreciation
Cleaning
Donations
Total Resources Expended
Net income (expenditure) for the year
Transfer between funds
Funds b/fwd
Total Funds as at 31 March 2023		 Unrestricted
Funds
2023
4000
11066
36120
2165
69
53420
34242
31358
121327
2571
578
245
154
1384
2674
1313
771
351
75
518
135
197696
-144276
47001
161400
64125		 Restricted
Funds
2023
94079
20606
114685
50000
1000
1826
14858
67684
47001
-47001
4169
4169		 Total
Total
Funds
Funds
2023
2022
98079
25099
0
1514
11066
12500
36120
32959
0
0
20606
18754
0
390
2165
300
69
35
168105
91551
34242
32644
31358
11944
171327
12296
2571
3320
578
1870
245
0
1000
5599
1826
1882
14858
154
412
1384
757
2674
2449
1313
1943
771
1273
351
137
0
250
75
0
518
571
135
85
265380
77432
-97275
14119
165569
151450
68294
165569

The Winlaton Centre CIO

Balance Sheet as at 31 March 2023

2023 2022
Notes £ £ £ £
Fixed Assets
Tangible Fixed Assets 4 1 1
Currents Assets
Cash at bank and in hand 95823 210901
Debtors & Prepayments 5 3485 3711
99308 214612
Current Liabilities 6 31014 49043
Net Current Assets 68294 165569
Net Assets 68295 165570
Funds 7
Restricted Funds 4169 4169
General Funds 41126 48401
Designated Funds 23000 113000
68295 165570

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 2023

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:

Grants Received:
Gateshead Council (Covid Recovery Grant) 4000
Asda (Jubilee) 500
Suez Community Trust 50000
Neighbourly Food Grant 500
Lottery Community Fund (Supporting Communities) 43079
Total Grants Received 98079

3 Staff Costs

Total salary costs for the financial year: 34242

4
Tangible Fixed Assets
Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
Disposals
At 31 March 2023
Net Book Value 31 March 2023
5
Debtors
Prepayments
Sundry Debtors
Total Debtors
6
Current Liabilities
Grant Received In Advance
Sundry Creditors
Friends of Winlaton
PAYE (HMRC) & Pension
Total Current Liabilities		 Van
Total
4272
4272
0
0
4272
4272
4271
4271
0
0
4271
4271
1
1
2901
584
3485
20218
7096
3014
689
31017
Restricted Funds B/fwd Income Expend Transfer to C/fwd
Gen Funds
Lottery Community Fund (Supporting Communities) 43079 14858 -28221 0
Suez Community Trust (Roof) 50000 50000 0
Neighbourly Food Grant 500 500 0
Asda (Jubilee) 500 500 0
Fareshare (Grant & Donations) 20606 1826 -18780 0
Youth Club 4169 4169
Total 4169 114685 67684 -47001 4169
Designated Funds
Vehicle Replacement & Repair Fund 10000
Building Maintenance Fund 10000
Additional Staffing 3000
Total Designated Funds 23000

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 was used during the year for roof repairs.

Additional Staffing

Funds put aside for additional staffing costs.

Total
Statement of Funds
Restricted Funds 4169
Designated Funds 23000
Unrestricted Funds 48401
Total 75570