Thorpe Community Centre CIO
Charity number 1162726
Annual Report and Financial Statements
for the year ended 31 March 2021
Thorpe Community Centre CIO
Annual Report and Financial Statements
for the year ended 31 March 2021
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Receipts and payments account | 4 |
| Statement of assets and liabilities | 5 |
| Notes to the accounts | 6 to 7 |
Prepared by West Yorkshire Community Accounting Service
1
Thorpe Community Centre CIO
Trustees' report for the year ended 31 March 2021
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Mr Raymond Laing Chair Mrs Margaret Foster Secretary Mrs Brenda Tunstall Treasurer
Charity number
1162726
Principal address
20 Stanhope Gardens Thorpe Wakefield WF3 3DP
Bankers
Virgin Money Virgin Money 1 The Penny Hill Centre 86a Queen Street Church Street Morley Hunslet Leeds Leeds LS27 9BU LS10 2AP
Accountants
West Yorkshire Community Accounting Service
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) formed on 17 Jul 2015.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM.
2
Thorpe Community Centre CIO
Trustees' report (continued) for the year ended 31 March 2021
Objectives and activities
The charity's objects
The objects of the CIO are to further or benefit the residents of Thorpe metropolitan district of Leeds and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.
In furtherance of these objects but not otherwise, the trustees shall have the power: to establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance of such a centre for activities promoted by the charity in furtherance of the above objects.
The charity's main activities
Running a Community Centre.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular to provide facilities in interest of social welfare with a view to improving condition of life for residents.
Achievements and performance
Due to Covid-19 we were unable to hold our usual activities. Rather than close until after the virus, we decided to run a food bank from the centre. We feed about 25 families per month.
As assumed last year, none of our usual events were able to take place in the year ending 31 March 2021. In anticipation of this, we cancelled our internet connection and our PPL/PRS licence. The TV licence and Public Liability insurance have been continued, this gave us an outlay over the year of approx. £450 which we have the reserves to cover.
On completion of our accounts we will be receiving an unrestricted grant of £100 from Leeds City Council which all centres receive. Also, we have been running the centre as a food bank after permission was received from our housing office, we have received some funding from the Covid-19 councillors’ fund to help with the purchase of food etc. No outlay for food is taken from community centre funds.
Financial review
The net receipts for the year were £25, including net payments of £36 on unrestricted funds and net receipts of £61 on restricted funds.
Reserves policy
The charity's free reserves at the year end were £1,537.
The reserves that we have set aside provide financial stability and the means for the development of our principal activity. We intend to maintain our reserves at a level which is at least equivalent to our annual operating expenditure, for the year 2020/2021 this is £1,200. This is to ensure that there will never be a shortfall in funding available, for the following year, as this would compel closure of the charity.
As all community centres have closed for the foreseeable future, due to Covid-19, our centre will be operating as a food bank and as such, no events are planned for the moment.
Having checked our funds and commitments, we are confident that we will be solvent in the coming two years. We will be holding events to raise funds as soon as we are allowed.
The trustees review the amount of reserves that are required to ensure that they are adequate to fulfil our continuing obligations, quarterly.
Signed on behalf of the board of trustees on; 7/01/2022
Signed: R. Laing (Trustee)
3
Thorpe Community Centre CIO
Receipts and payments account for the year ended 31 March 2021
| Notes 2021 Unrestricted funds £ Receipts Grants (2) 100 Donations - Coffee morning income - Room hire - Summer fayre - Food bank donations 1,776 Total receipts 1,876 Payments Gardening - Trips - Christmas party - Refreshments - Food bank expenses 1,466 Insurance 290 Memberships - Licences 156 Broadband - Equipment - Total payments 1,912 (36) Fund balances brought forward 1,573 Fund balances carried forward (3) 1,537 Net receipts / (payments) |
2021 Restricted funds £ - - 65 - - - 65 4 - - - - - - - - - 4 61 3,864 3,925 |
2021 Total funds £ 100 - 65 - - 1,776 1,941 4 - - - 1,466 290 - 156 - - 1,916 25 5,437 5,462 |
2020 Total funds £ 100 66 1,210 635 267 - 2,278 339 720 160 77 - 290 26 154 306 112 2,184 94 5,343 5,437 |
|---|---|---|---|
4
Thorpe Community Centre CIO Statement of assets and liabilities
| as at 31 March 2021 2021 Unrestricted £ Cash funds Virgin Money - Thorpe in Bloom 1 Virgin Money - Coffee Morning - Virgin Money - Community Centre 1,663 Food Bank cash (127) Total cash funds 1,537 |
2021 Restricted £ 878 2,327 720 - 3,925 |
2021 Total £ 879 2,327 2,383 (127) 5,462 |
2020 Total £ 882 2,262 2,293 - 5,437 |
|---|---|---|---|
Approval of the accounts
The financial statements were approved by the board of trustees on 7/01/2022
R Laing (Trustee)
5
Thorpe Community Centre CIO
Notes to the accounts
for the year ended 31 March 2021
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
6
Thorpe Community Centre CIO
Notes to the accounts continued
for the year ended 31 March 2021
| 2 Grants Leeds City Council (running costs) 3 Restricted funds Coffee Morning Social Investment Development LCC HAP - Gardening Fund name Coffee Morning LCC MICE Plants Social Investment Development LCC HAP - Gardening LCC MICE Plants |
2021 2021 2021 2020 Unrestricted Restricted Total Total funds funds funds funds £ £ £ £ 100 - 100 100 100 - 100 100 Balance b/f Incoming Outgoing Balance c/f £ £ £ £ 2,262 65 - 2,327 870 - - 870 720 - - 720 12 - 4 8 3,864 65 4 3,925 Purpose of restriction For coffee morning activities including trips and events. Towards the cost of running in bloom activities. To cover legal, training and professional fees for setting up. Towards gardening and 'In Bloom' activities. |
|---|---|
4 Trustee expenses
No trustee received any expenses during this year or the previous year.
5 Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
7