## 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