Thorpe Community Centre CIO
Charity number 1162726
Annual Report and Financial Statements
for the year ended 31 March 2023
Thorpe Community Centre CIO
Annual Report and Financial Statements for the year ended 31 March 2023
| 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 Accountancy Service CIO
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Thorpe Community Centre CIO
Trustees' report for the year ended 31 March 2023
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
Position Dates Mr Raymond Laing Chair Mrs Margaret Foster Secretary Mrs Brenda Tunstall Treasurer Charity number 1162726 Registered in England and Wales
Charity number
Registered and principal address
20 Stanhope Gardens Thorpe Wakefield WF3 3DP
Bankers
Virgin Money 1 The Penny Hill Centre Church Street Hunslet Leeds LS10 2AP
Accountants West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) association 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.
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Thorpe Community Centre CIO Trustees' report (continued) for the year ended 31 March 2023
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
We closed our food bank in April 2022 due to dwindling numbers. We held coffee mornings, and a Christmas event and party. The primary school PTA also combined with us for events.
Financial review
The net receipts for the year were £640, including net receipts of £173 on unrestricted funds and net receipts of £467 on restricted funds after transfers.
Reserves policy
The charity's free reserves, at the year end were £1,515.
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. In year 2023/4 we estimate our expenditure to be in the region of £1,000 and funds will be kept to at least this figure. This will mean that there will never be a shortfall in funding available. We are as yet unable to set out a program of events for the coming year as we are in discussions with Leeds City Council Housing and Retirement Life on the way forward. Our position is nonetheless sound. We are currently looking at, with the council, having our kitchen and toilets updated.
Approved by the board of trustees on 02/10/2023
Raymond Laing (Trustee)
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Thorpe Community Centre CIO Receipts and payments account for the year ended 31 March 2023
| Notes 2023 Unrestricted funds £ Receipts Grants and donations (2) 580 Coffee morning income - Room Hire 150 Total receipts 730 Payments Gardening - Insurance 290 Licences 160 Children's parties - Food bank expenses 107 Return of OSHAP Grant - Event and activities - Trips - Printing, postage and stationery - Refreshments and Cleaning - Total payments 557 Net receipts / (payments) 173 Fund balances brought forward 1,350 Fund balances carried forward (3) 1,515 |
2023 Restricted funds £ - 1,472 - 1,472 70 - - - - 129 315 200 62 229 1,005 467 4,254 4,729 |
2023 Total funds £ 580 1,472 150 2,202 70 290 160 - 107 129 315 200 62 229 1,562 640 5,604 6,244 |
2022 Total funds £ 2,286 244 150 |
|---|---|---|---|
| 2,680 | |||
| 96 291 159 94 1,900 - - - - - |
|||
| 2,539 | |||
| 141 5,462 |
|||
| 5,604 |
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Thorpe Community Centre CIO Statement of assets and liabilities
| Statement of assets and liabilities Thorpe Community Centre CIO |
|||
|---|---|---|---|
| as at 31 March 2023 2023 Unrestricted £ Cash funds Virgin Money - Thorpe in Bloom - Virgin Money - Coffee Morning - Virgin Money - Community Centre 1,514 Cash in hand - Total cash funds 1,515 Prepayments Insurance |
2023 Restricted £ 713 3,297 720 - 4,729 |
2023 Total £ 713 3,297 2,234 - 6,244 2023 £ 145 145 |
2022 Total £ 783 2,572 2,363 (114) |
| 5,604 | |||
The financial statements were approved by the board of trustees on 02/10/2023
Raymond Laing (Trustee)
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Thorpe Community Centre CIO Notes to the accounts continued for the year ended 31 March 2023
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.
2 Grants and donations
| Grants and donations Leeds City Council (LCC running costs) LCC MICE Easter LCC Food Bank LCC HAP Insurance Food bank donations Other donations |
2023 Unrestricted funds £ 100 - - - - 480 580 |
2023 Restricted funds £ - - - - - - - |
2023 2022 Total Total funds funds £ £ 100 100 - 60 - 800 - 190 - 1,013 480 123 580 2,286 |
|---|---|---|---|
| 3 Restricted funds Coffee Morning LCC MICE Plants Social Investment Development LCC MICE Easter LCC Foodbank |
Balance b/f £ 2,571 782 720 60 121 4,254 |
Incoming £ 1,472 - - - - 1,472 |
Outgoing £ 746 70 - 60 129 1,005 |
Transfers Balance c/f £ £ - 3,297 - 712 - 720 - - 8 - 8 4,729 |
|---|---|---|---|---|
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Thorpe Community Centre CIO
Notes to the accounts continued for the year ended 31 March 2023
Fund name
Purpose of restriction
Coffee Morning For coffee morning activities including trips and events. LCC MICE Plants Towards the cost of running in bloom activities. Social Investment Development To cover legal, training and professional fees for setting up. LCC MICE Easter Towards the cost of Easter eggs. LCC Foodbank Towards the costs of the foodbank. £129 was returned back as agreed with LCC. £8 was transferred from unrestricted to cover the surplus amount.
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.
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