REGISTERED COMPANY NUMBER: 08867700 (England and Wales) REGISTERED CHARITY NUMBER: 1162051
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
SWANSIDE COMMUNITY CENTRE
Butterworth Barlow Chartered Accountants Butterworth Barlow House 10 Derby Street Prescot Liverpool Merseyside L34 3LG
SWANSIDE COMMUNITY CENTRE
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
SWANSIDE COMMUNITY CENTRE
Report of the Trustees for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To support the community of Swanside in developing social interaction, play, learning and physical activity. To provide a meeting place for the development of ideas that improve the community of Swanside. To create long term sustainable support for the community of Swanside.
Achievements and performance
Swanside has grown massively over the past financial year with the help of the volunteers, local councillors, local businesses, different services and the local community who continue to support the charity.
The charity has been lucky enough to receive further funding from Knowsley Council which has enabled them to continue supporting the most vulnerable in the local and wider community.
Swanside has seen many changes over the last 12 months and has realised that it is not just a community centre but yet an extremely valuable and respected service in Knowsley.
As well as the numbers in the groups growing daily, the need for extra support has also grown. With the constant rise of energy and food prices many people and vulnerable families have turned to the centre for much needed help and support. The unique feature of the sensory garden is now better than ever with the help of contributions from the community and local businesses.
The charity are still heavily involved in supporting local care homes, bringing residents to Swanside for lunch and afternoon tea as well as arranging visits to the local school to watch the children singing. Supporting older residents with hospital visits, appointments and grocery deliveries.
In the year 2023, Swanside gained their OFSTED registration which will help secure more funding and opens up new opportunities for the future.
As part of the recent funding provided by local councils, Swanside now supports working families with affordable childcare by offering free places to vulnerable families to support children with a healthy breakfast. Also included is the help of support with school uniform costs, packed lunches for children and fees for school trips.
The main aim of the centre is to continue supporting the community in every way they can and this year the trustees feel that the charity have made a huge difference to so many people lives.
Swanside remain extremely grateful for all of the support that they continue to receive from the community, local council, local businesses and various other services & organisations.
Public benefit
The trustees can confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the charity commission in exercising their powers or duties.
FINANCIAL REVIEW
Reserves policy
The trustees aim to hold an amount in reserves at least equal to six months running costs of the centre to maintain operations in times of reduced revenues.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 1
SWANSIDE COMMUNITY CENTRE
Report of the Trustees for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Trustees are recruited based on skills according to the needs of the charity assessed by the existing trustees. Trustees must be appointed by a resolution of the other trustees. No external body is entitled to appoint trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08867700 (England and Wales)
Registered Charity number
1162051
Registered office
Willoughby Road Huyton Liverpool Merseyside L14 6XA
Trustees
Mrs I Doyle Trustee Mrs M Edwards Treasurer Mrs V M Kelly Secretary Mrs J P Owens Trustee & Development Manager Mrs R J Holland Trustee
Independent Examiner
Butterworth Barlow Chartered Accountants Butterworth Barlow House 10 Derby Street Prescot Liverpool Merseyside L34 3LG
FUNDS HELD AS CUSTODIAN FOR OTHERS
No funds or assets are held as custodian for others.
Approved by order of the board of trustees on 7 March 2024 and signed on its behalf by:
Mrs I Doyle - Trustee
Page 2
Independent Examiner's Report to the Trustees of Swanside Community Centre
Independent examiner's report to the trustees of Swanside Community Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Butterworth Barlow
The Institute of Chartered Accountants in England and Wales
Butterworth Barlow 10 Derby Street Prescot Merseyside L34 3LG
7 March 2024
Page 3
SWANSIDE COMMUNITY CENTRE
Statement of Financial Activities for the Year Ended 31 March 2023
----- Start of picture text -----
31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
-
Donations and legacies 160,818 160,818 126,930
Other trading activities 2 31,804 - 31,804 30,559
Total 31,804 160,818 192,622 157,489
EXPENDITURE ON
Other 77,492 100,061 177,553 138,944
NET INCOME/(EXPENDITURE) (45,688) 60,757 15,069 18,545
Transfers between funds 9 52,103 (52,103) - -
Net movement in funds 6,415 8,654 15,069 18,545
RECONCILIATION OF FUNDS
Total funds brought forward 67,696 82,822 150,518 131,973
TOTAL FUNDS CARRIED FORWARD 74,111 91,476 165,587 150,518
----- End of picture text -----
The notes form part of these financial statements
Page 4
SWANSIDE COMMUNITY CENTRE
Balance Sheet 31 March 2023
----- Start of picture text -----
31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 7 57,249 - 57,249 58,574
CURRENT ASSETS
Cash at bank 20,877 91,476 112,353 94,071
CREDITORS
Amounts falling due within one year 8 (4,015) - (4,015) (2,127)
NET CURRENT ASSETS 16,862 91,476 108,338 91,944
TOTAL ASSETS LESS CURRENT LIABILITIES 74,111 91,476 165,587 150,518
NET ASSETS 74,111 91,476 165,587 150,518
FUNDS 9
Unrestricted funds 74,111 67,696
Restricted funds 91,476 82,822
TOTAL FUNDS 165,587 150,518
----- End of picture text -----
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
Balance Sheet - continued 31 March 2023
SWANSIDE COMMUNITY CENTRE
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 7 March 2024 and were signed on its behalf by:
Mrs J P Owens - Trustee
Mrs I Doyle - Trustee
Mrs M Edwards - Trustee
The notes form part of these financial statements
Page 6
SWANSIDE COMMUNITY CENTRE
Notes to the Financial Statements for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost, 10% on cost and 2% on cost Computer equipment - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
SWANSIDE COMMUNITY CENTRE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
2. OTHER TRADING ACTIVITIES
----- Start of picture text -----
||||
|---|---|---|
|31.3.23|31.3.22|
|£|£|
|Fundraising events|5,750|12,319|
|Room hire|1,780|2,740|
|Clubs and events|24,274|15,500|
|31,804|30,559|
|3.|NET INCOME/(EXPENDITURE)|
|Net income/(expenditure) is stated after charging/(crediting):|
|31.3.23|31.3.22|
|£|£|
|Depreciation - owned assets|6,783|6,340|
|4.|TRUSTEES' REMUNERATION AND BENEFITS|
|31.3.23|31.3.22|
|£|£|
|Trustees' salaries|29,404|25,784|
----- End of picture text -----
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
----- Start of picture text -----
||||
|---|---|---|
|31.3.23|31.3.22|
|Employee|1|1|
----- End of picture text -----
No employees received emoluments in excess of £60,000.
continued...
Page 8
SWANSIDE COMMUNITY CENTRE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,372 Other trading activities 29,669 Total 31,041 EXPENDITURE ON Other 64,600 NET INCOME/(EXPENDITURE) (33,559) Transfers between funds 24,499 Net movement in funds (9,060) RECONCILIATION OF FUNDS Total funds brought forward 76,756 TOTAL FUNDS CARRIED FORWARD 67,696 |
Restricted fund £ 125,558 890 126,448 74,344 52,104 (24,499) 27,605 55,217 82,822 |
Total funds £ 126,930 30,559 157,489 138,944 18,545 - 18,545 131,973 150,518 |
|---|---|---|
continued...
Page 9
SWANSIDE COMMUNITY CENTRE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
7. TANGIBLE FIXED ASSETS
| Improvements to Computer property equipment £ £ COST At 1 April 2022 76,035 6,104 Additions 5,200 258 At 31 March 2023 81,235 6,362 DEPRECIATION At 1 April 2022 19,178 4,387 Charge for year 5,961 822 At 31 March 2023 25,139 5,209 NET BOOK VALUE At 31 March 2023 56,096 1,153 At 31 March 2022 56,857 1,717 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 £ Social security and other taxes 1,329 Other creditors 2,686 4,015 9. MOVEMENT IN FUNDS Net Transfers movement between At 1.4.22 in funds funds £ £ £ Unrestricted funds General fund 67,696 (45,688) 52,103 Restricted funds Restricted fund 82,822 60,757 (52,103) TOTAL FUNDS 150,518 15,069 - |
Totals £ 82,139 5,458 87,597 23,565 6,783 30,348 57,249 58,574 31.3.22 £ 1,131 996 2,127 At 31.3.23 £ 74,111 91,476 165,587 |
|---|---|
continued...
Page 10
SWANSIDE COMMUNITY CENTRE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 31,804 160,818 192,622 |
Resources Movement expended in funds £ £ (77,492) (45,688) (100,061) 60,757 (177,553) 15,069 |
|---|---|---|
Comparatives for movement in funds
| Net movement At 1.4.21 in funds £ £ Unrestricted funds General fund 76,756 (33,559) Restricted funds Restricted fund 55,217 52,104 TOTAL FUNDS 131,973 18,545 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 31,041 Restricted funds Restricted fund 126,448 TOTAL FUNDS 157,489 |
Transfers between At funds 31.3.22 £ £ 24,499 67,696 (24,499) 82,822 - 150,518 Resources Movement expended in funds £ £ (64,600) (33,559) (74,344) 52,104 (138,944) 18,545 |
|---|---|
continued...
Page 11
SWANSIDE COMMUNITY CENTRE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Net movement At 1.4.21 in funds £ £ 76,756 (79,247) 55,217 112,861 131,973 33,614 |
Transfers between funds £ 76,602 (76,602) - |
At 31.3.23 £ 74,111 91,476 165,587 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 62,845 287,266 350,111 |
Resources Movement expended in funds £ £ (142,092) (79,247) (174,405) 112,861 (316,497) 33,614 |
|---|---|---|
10. RELATED PARTY DISCLOSURES
MALVERN MUMS
Malvern Mums are a not for profit community organisation consisting of the centre's Trustees and other community volunteers.This organisation runs the centre's kids and youth clubs, receiving the attendance fees and paying the running costs.
Malvern Mums pays for room hire in order to run the clubs on an 'arms length' basis. Malvern Mums also make a contribution to the centre's running costs such as gardening and window cleaning.
Page 12
SWANSIDE COMMUNITY CENTRE
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| INCOME AND ENDOWMENTS Donations and legacies Grants Other trading activities Fundraising events Room hire Clubs and events |
31.3.23 £ 160,818 5,750 1,780 24,274 |
31.3.22 £ 126,930 12,319 2,740 15,500 |
|---|---|---|
| 31,804 | 30,559 | |
| Total incoming resources EXPENDITURE Other Event costs Food parcels & support |
192,622 26,745 85,992 |
157,489 21,894 59,475 |
| Support costs Management Trustees' salaries Finance Bank charges Interest on overdue tax Improvements to property |
112,737 29,404 60 - 6,784 |
81,369 25,784 - 8 6,339 |
| 6,844 | 6,347 | |
| Other | ||
| Rates and water | 978 | 703 |
| Insurance | 4,901 | 2,410 |
| Light and heat | 4,010 | 3,180 |
| Telephone | 1,694 | 1,260 |
| Cleaning and sundries | 4,473 | 5,935 |
| Licences and subscriptions | 727 | 432 |
| Carried forward | 16,783 | 13,920 |
This page does not form part of the statutory financial statements
Page 13
SWANSIDE COMMUNITY CENTRE
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
----- Start of picture text -----
31.3.23 31.3.22
£ £
Other
Brought forward 16,783 13,920
Property repairs 7,516 8,198
Equipment for centre 1,029 626
Accountancy 3,240 2,700
28,568 25,444
Total resources expended 177,553 138,944
Net income 15,069 18,545
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 14