## **The Winlaton Centre CIO**
## **Financial Statements**
**For The Year Ended 31 March 2024**
**Registered Charity No. 1160323**
## **The Winlaton Centre CIO Members of the Management Committee and Professional Advisors For the year ended 31 March 2024**
The Management Committee have pleasure in presenting their report and the un-audited Financial Statements for the year ended 31 March 2024
## **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** Chair David Hall Vice Chair Beverly Henderson John Johnson Ailee Henderson Donna Ratcliffe Kirsty Ramshaw Phil Studholme
## **The Winlaton Centre CIO**
## **Report of the Trustees for the Year Ended 31 March 2024**
## **Achievement and performance**
We have recently engaged a new board of trustees who have brought a new skill set and have been implementing some changes and improvements at the centre.
We have made connections with new partnerships and are keen to explore more mutually beneficial relationships.
We have continued to help families in the area with initiatives such as food bags in school holidays.
We have offered increased activities for the community in school holidays.
We organised community celebrations such as The Coronation and Xmas tree lighting evening.
We were awarded a grant from the PCC for our anti-social behaviour work and continue to work with local youth.
Our community supermarket continues be popular and we are looking at ways in improving the layout of this.
## **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 2024 we had income of £133,258 and a total expenditure of £110,618 showing a surplus of £22,640
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 2024**
**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:** } yNyYe ~ **Date: 16 July 2024 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 2024**
|**Incoming Resources**
**Notes**
Grants
**2**
HMRC Job Retention Scheme
Donations & Fundraising
Room Hire
Mini Bus
Fareshare Income
Refreshments
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 & Refuse
Donations
**Total Resources Expended**
**Net income (expenditure) for the year**
**Transfer between funds**
**Funds b/fwd**
**Total Funds as at 31 March 2024**|**Unrestricted**
**Funds**
**2024**
13353
38208
460
2762
229
**55012**
40959
24224
8684
3127
439
1655
248
1223
3288
1601
832
716
1781
**88777**
-33765
56405
**64125**
**86765**|**Restricted**
**Funds**
**2024**
58134
20112
**78246**
2022
19819
**21841**
56405
-56405
**4169**
**4169**|**Total**
**Total**
**Funds**
**Funds**
**2024**
**2023**
58134
98079
0
0
13353
11066
38208
36120
0
0
20112
20606
460
0
2762
2165
229
69|
|---|---|---|---|
||||**133258**
**168105**|
||||40959
34242
24224
31358
8684
171327
3127
2571
439
578
1655
245
0
1000
2022
1826
19819
14858
248
154
1223
1384
3288
2674
1601
1313
832
771
716
351
0
0
0
75
1781
518
0
135|
||||**110618**
**265380**|
||||22640
-97275
**68294**
**165569**|
||||**90934**
**68294**|
## **The Winlaton Centre CIO**
## **Balance Sheet as at 31 March 2024**
|||**2024**||**2023**||
|---|---|---|---|---|---|
||**Notes**|**£**|**£**|**£**|**£**|
|**Fixed Assets**||||||
|Tangible Fixed Assets|**4**||1||1|
|**Currents Assets**||||||
|Cash at bank and in hand||125674||95823||
|Debtors & Prepayments|**5**|4546||3485||
|||130220||99308||
|**Current Liabilities**|**6**|39287||31014||
|**Net Current Assets**|||90933||68294|
|**Net Assets**|||**90934**||**68295**|
|**Funds**|**7**|||||
|Restricted Funds|||4169||4169|
|General Funds|||63765||41126|
|Designated Funds|||23000||23000|
||||**90934**||**68295**|
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 2024**
## **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:**
|**2**|**Grants Received:**|||
|---|---|---|---|
||Gateshead Council (Crisis Payments)||1668|
||Lottery Community Fund (Supporting Communities)||56466|
||**Total Grants Received**||**58134**|
|**3**|**Staff Costs**|||
||Total salary costs for the financial year:|40959||
|**4**
**Tangible Fixed Assets**
Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
Disposals
At 31 March 2024
**Net Book Value 31 March 2023**
**5**
**Debtors**
Prepayments
Sundry Debtors
**Total Debtors**
**6**
**Current Liabilities**
Grant Received In Advance
The Hub (Prepayment)
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**|
||3581
965
**4546**
5938
20500
9514
2720
614
**39286**|
|**7**|**Restricted Funds**|**B/fwd**||**Income**|**Expend**|**Transfer to**|**C/fwd**|
|---|---|---|---|---|---|---|---|
|||||||**Gen Funds**||
||Lottery Community Fund (Supporting Communities)|||56466|19819|-36647|0|
||Gateshead Council (Crisis Payments)|||1668||-1668|0|
||Fareshare (Grant & Donations)|||20112|2022|-18090|0|
||Youth Club||4169||||4169|
||**Total**||**4169**|**78246**|**21841**|**-56405**|**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.
## **Additional Staffing**
Funds put aside for additional staffing costs.