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2024-03-31-accounts

Trustees' Annual Report for the period

Period start date start date Period end date Period end date
T
From 1 4 2023 o 31 03 2024

Section A Reference and administration details

Charity name Lye community centre

Other names charity is known by

Registered charity number (if any) 1164124

Charity's principal address Lye Community Centre Lye Community Centre
Crosswalks Road
Lye , Stourbridge
Postcode DY9 8BY

Names of the charity trustees who manage the charity

Name of person (or body) entitled to appoint trustee (if any)

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12 13 14 15 16 17 18 19 20

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

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Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
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Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document CONSTITUTION (eg. trust deed, constitution)

How the charity is constituted

CIO

Trustee selection methods ELECTED BY MEMBERS AT AGM

(eg. appointed by, elected by)

Additional governance issues (Optional information)

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You may choose to include additional information, where relevant, about:

We have an organisational structure diagram which informs those new to the charity, particularly new trustees about how we operate and the relationships between trustees, volunteers and members.

Our charity has the following policies and procedures in place:

The Lye Community Centre works closely with partner organisations from both the public sector and not-for-profit/charitable sector. These include:

All trustees give their time voluntarily and receive no other benefits.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

To promote the benefit of the inhabitants of Lye and it’s surrounding areas of Dudley Borough, without the distinction of; sex, sexual orientation, race or of political, religious or other opinions. By associating together the said inhabitants, the local authorities, voluntary and other organisations to collectively work together in a common effort to; advance education, to relieve poverty & sickness, to provide facilities in the interests of social welfare for recreation and leisure time purposes. The objective being to improve the conditions of life for the above inhabitants.

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In planning our activities & bookings for the year, trustees were mindful of the Charity Commission’s guidance on public benefit, ensuring that our activities meet our constitutional aims & objectives. Through the success of our funding application made to “Awards For All,” we delivered the following courses & community event at the Lye Community Centre. Activity- English Classes and it’s benefits for the wider community: Better communication between families/generations. This means that parents can help children with something as simple as their homework / education. It also helps to prevent children in our community from being exposed to grooming /radicalisation as they can better communicate with their parents or older family members about any arising issues and concerns. Due to the growing influx of the Roma community residing in Lye , there has been a lot of hostility mainly due to the language barriers between all the diverse communities. To help improve, develop and create healthy relationships and build on community cohesion, it was vital that the focus was prioritised on those activities that were delivered based on common grounds and which supported better communication and linking people together. Activity – Health & Fitness and it’s benefits for the wider community: Happier and healthier communities, improved fitness levels, better management of health conditions, decreasing the burden off the NHS, a facility which is based local, easily accessible and affordable . An activity delivered at your local community centre can help you know Summary of the main activities your neighbours and build new bridges of friendship and develop undertaken for the public integration . benefit in relation to thesobjects (include within Activity- Winter Bazaar this section the statutory declaration that trustees have An annual community event delivered during the winter school had regard to the guidance holidays, a social event inviting the local community to come join a fun issued by the Charity and entertaining day out . Main purpose being to use the centres Commission on public benefit) platform to bring all the diverse communities together, sharing food, music, laughter, games and each other’s culture. Learning and finding common grounds to help bring a community together. The Lye Community centre as well as offering opportunities for community based initiatives, is also a place of hire. During the weekdays the centre is booked out to regular/permanent user groups, who provide a wide range of services to support the needs of the local community. Activities include; Boxercise Dance For Health Fitness Classes ESOL/I.T Health Checks Support group for the disabled & special needs adults Support group for disabled children & carers Senior Citizens support group Youth Clubs Crafters club Holiday clubs Community events Musicians Jobseekers & benefit advice Confidence building and skill development courses & workshops.

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Additional details of objectives and activities (Optional information)

We are very grateful for the enormous contribution made by our volunteers. Inclusive of the trustees the centre is currently managed by skilled and experienced staff (unpaid) whom have received governance training from Dudley CVS. Each voluntary member works with passion and dedication taking on the roles and responsibilities that are required to enable the centre to function adequately and provide a facility that is fit for purpose.

You may choose to include further statements, where relevant, about:

Section D Achievements and performance

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Section D Achievements and performance

Summary of the main
achievements of the charity
during the year.
This year the charity has reached significant milestones, including the
recruitment of more dedicated volunteers who freely contribute their
time, ensuring the smooth operation of the centre. Additionally the
refurbishment has increased the centre’s capacity attracting more
bookings. By fostering new partnerships the charity has successfully
appealed to professional organisations, such as colleges and health
professionals who now use the centre to deliver their services due to its
convenient location and accessibility.

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Section E Financial review

Brief statement of the charity’s policy on reserves

At the end of the financial year, we held £16747 cash in the bank, which will help to cover costs for the next financial year. We do not currently have a reserves policy.

Details of any funds materially Not applicable in deficit

Further financial review details (Optional information)

You may choose to include Our principal source of funding this year has been from room hire. additional information, where relevant about:

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Sarvean Akter Durdanna Latif

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Position (eg Secretary, Treasury Secretary Chair, etc)

Date 31/01/2025 31.01.2025

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LYE COMMUNITY CENTRE Charity No. 1164124 Trustees, Report ond Unaudited Accounts 31 March 2024

LYE COMMUNITY CENTRE Contents Page5 2to3 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Statement of Cash flows 13 Notes to the Accounts 7t012 Detailed Statement of Financial ArtivÉties 14to15 Pège I

LYE COMMUNITY CENTRE Tiustees Annual Report The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1164124 Principal Offl¢e Cross Walks Road Lye stourbridge DY9 8BH Trustees The following trustees served dur￿n8 the year.. S. AKTER D. L4TIF C.E. SQUIRES Key Management Personnel Chair Christlne Ellzabeth Squlres Sarvean Akter Durdanna Latif Accountants TAS ACCOUNTANTS 412 HIGH STREET SMETHWICK WEST MIDLANDS 866 3P1 Statement of tru5tees' responsibilities In relatlon to the financial statements The charity trustees are responslble for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kin8dom Generally Accepted Accounting Practicel. The trustees are responsible for keeping proper accountinE records that 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 2011, the applicable Charities IAccounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable step5 for the prevention and detection of fraud and other irregularities. Si8ned on behalf of the charity's trustees D. LATIF Page 2

LYE COMMUNITY CENTRE Trustees Annual Report Trustee 28 January 2025 Page 3

LYE COMMUNITY CENTRE Independent Examiners Report Independent Examlner'5 Report to the trustees ol LYE COMMUNITY CENTRE I report to the trustees on my examination of the financial statements of LYE COMMUNITY CENTRE for the year ended 31 March 2024. Responsibllities and basis of report As the chality's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'thè Act'l. I report in respect of my examination of the charity's financial statements carrled out under sectlon 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Comm15sion under section 14515llbl of the Act. Independent examlner'5 Statement I have completed my examlnation. I can confirm that no material matters have come to my attention in connectlon with the examination giving me cause to believe that in any material respect: the accounting records We￿ not kept In respecr of the charlty as required by section 130 of the Act,. or • the financial statements do not accord with those records,. or • the financial statement5 do not comply with the applicable requirements concerning the form and ontent of financial statements set out in the Charities (Accounts and Reports) Re8ulations 2008 other than any requirement that the financial statements give a 'true and fair. view which 15 not a matter considered as part of an independent examlnatlon. I have no concerns and have come across no other matters in connection with the examinatlon to whlch attention should be drawn in thls report In order to enable a proper understandln8 of the flnancial statements to be reached. GCOUNThP4T$ 412 Higb StYO0t, Srnetkn4vlGb 666 3PJ TAS AC OUNTANTS 412 HIGH STREET SMETHWICK WEST MIDLANDS 866 3PJ 28 january 2025 Page 4

LYE COMMUNITY CENTRE Statemem of Financial Activlties for the year ended 31 March 2024 Re5trirted funds Totsl funds Totsl funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies (Grantsl Charitable activities Other trading artivitieslvenue Hirel 64,996 15,232 64,996 186,185 15.232 16,148 16,148 Total 96,376 96,376 186,185 Expenditure on: Aaising funds Charitable activities Other 638 74,850 638 74,850 40,954 Total 78,488 78,488 40,954 Net gains on investments Net Income 17,888 17,888 145,231 Transfers between funds Net Income before other 8alnsll105sesl 17,888 17,888 145,231 Other galns and losses Net movement In lunds 17,888 17,888 145,231 Reconclliatlon of funds: Total funds carrled fon¥ard 17,888 17,888 145,231 Page 5

LYE COMMUNITY CENTRE Balance Sheet at 31 March 2024 Charity No. 1164124 2024 2023 Current assets Cash at bank and in hand 16,747 16,747 1,141 2,181 2,181 110,9021 18.7211 18,7211 18,7211 Creditors: Amount falling due within one year Net current aS5etsllliabilities) Total assets less current liabilities io 17,888 17,888 Net assetsllliabilitiesl excluding pension asset of liability Total net assetsllliabilities) 17,888 17,888 18,7211 The funds of the charity Restrirted funds Unrestricted funds li li General funds 17,888 18,7211 18,7211 17,888 Resep4es li Total funds 17,888 18,7211 Approved by the trustees on 28 January 2025 And signed on their behalf by= S. AKTER Trustee 28 January 2025 Page 6

LYE COMMUNITI CENTRE Notes to the Accounts forthe year ended 31 March 2024 l Accounting pollcies Basls of preparation The financial statements have been prep3."ed in accorda-..ce with Statement of Recommended Practice.. Accounting and Reporting by Charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Change In basis of accounting or to pre¥ious accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no chan8es have been made to accounts for pievious years. Fund accountlng Unrestricted funds These are availabl• for use at the discretion of the trustees in furtherance of the general objects of the Ci iarity- These are unrestrirted lunds earmarked by the trustees for particular purposes, These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available fo.. use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restrlcted funds Income Recognition of income Income is included ift the Statement of Financial Activities ISOFAI when the charity becomes entitled to, virtually ctrtain to receive, the income and the èmount of the income can be measured with suff:cient reliabilitv. Income with related Where income has related expenditure the income and related expenditure 15 expenditure reported 8ross in the SOFA. Donations and legacies Voluntary income received by way of 8raiits, donations and gifts is included in the the SOFA when recetvèble and only whei the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims 15 included tn the SOFA at the same time as the donations and gifts giwdonation to wP.ich it relates. Donated services These are only inclL,ded in income (with ai equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunleer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gainslllosse51 on This include5 any gain or loss resultin8 from revaluing investments to market value revaluation of fixed at the end ot the year. assets Gainslll0ssesl on investment assets This includes any gain or105s on the sale of investments. Page 7

LYE COMMUNITY CENTRE Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntsry income, fundraising raisingfunds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activitie5 and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirement5 of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are SLtpport cost5 not allocated to a particular artivity. Grants payable Governance costs Other expenditure Taxation The charity is exempt from tax on its charitable artivities. Freehold in¥estrnent property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair val*Je which is the amount the charity would have been willing to pay for the items on the open market. Trade ond other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equNalents Cash and cash equivalent5 cornprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown within borrowing5 or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Page 8

IYE COMMUNITY CENTRE Notes to the Accounts Research and development Exper>diture on research and developmentr.,s written off in the year in which it 15 incurred. Foreign currencies Monetary assets and liabilities denominated in currencies other than the funrtional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the furictional currency of the charity are Tecorded at the rate of exchange on the date th3t the transaction occurred. All exchange differences are are taken into account in ar,"iving at net incomelexpenditure. Leased assets Where the charity enters into a lease whicl er.tails taking substantially all the risks and rewards of ownership of an asset, the lease is treated *S a finance lease. Lease5 which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finan￿ leases are initially recogni5ed as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of ihe minimurn lease payments. The corresponding liabil,"ty to tne ,e55or is includ-o In the balaiice sheet date as a finance lease obligation. Lease payments are apportioned between finance expen5e> and reduction of the lease obligation so as to achie'Je a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributatile to qualifying assets, in which case they are capitalised in accordance with the charity'5 wlicy on borrov4ing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised a5 an expense on •i Straight-line basis over the lease tem. In the event that lease incentives are recewed to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Pension costs The charity operates a defined contribution plan for it5 employees. A defined contribution plan 15 pension plan under which the Charity pays fixed contribution) into a separate entity. Once the contributions have been paid the charity has further payments obligations. The contribution5 are recognised as expenses when they fall d,, Arp.ounts not paid ore shown in accruals in the b31an¢e sheet. The assets of the plan are held separately from the charity in independently administered fund5. Receipt of donated goods. facilities and 5eTrice5 All donated goods, facilities and seNices recei¥ed are recognised within incoming resouices and expenditure at an estimate of the value to the charity. Page 9

LYE COMMUNITY CENTRE Notes to the Accounts 2 Statement of Financial Activities- prior year 2023 2023 Income and endowment5 from: Donations and legacies (Grant51 Charitable artivities (Venue Hirel 175,765 175,765 10,421 10,421 Total 186,186 186,186 Expenditure on". Other 194,906 194,906 Total 194,906 194,906 Net income 18,7201 18,7201 Net income before other gainslllosses) Other Bains and losses: Net movement in funds 18,7201 18,7201 18,7201 18,7201 Retonciliation of funds: Total funds carried forward 18,7201 18,7201 3 Income from donations and legacles Restrlrted Total Total 2023 2024 Grants IRestrictedl 64,996 64.996 64,996 64,996 186,18S 186,185 4 Income from charltable artivities Unrestrlcted Tota Total 2024 2023 Donations (Unrestricted) 15,232 15,232 15,232 15,232 5 Income from other tradin8 artivities Unrestricted Total Total 2024 2023 Vet)kJe hire Iunrestrictedl 16,148 16,148 16,148 16,148 Page 10

LYE COMMUNITY CENTRE Notes to the Accounts 6 Expenditure on raising funds Unrestricted Total Total 2024 2023 Fundraising troding costs 3,000 3,000 3,000 3,000 7 Expenditure on charltable artivities Unrestricted Total Total 2023 2024 Expenditure on choritable octivities 525 525 113 113 Governonce costs 638 638 8 Other expendFture Unrestricted Total Total 2024 2023 Employee costs Premises costs 2,333 63,475 3,742 5,300 74,850 2,333 63,475 5,828 4,352 8,174 22,600 General admlnistrative costs Legal and professional cost5 3,742 5,300 74,850 40,954 9 Staff costs 2024 2023 Salaries and wages 2,333 2,333 3,905 3,905 No employee received emolument5 in excess of £60,000. 10 Creditors: amounts falling due within one year 2024 2023 Other creditors 11,1411 11,1411 10,902 10,902 Page 11

LYE COMMUNITI CENTRE Notes to the Accounts 11 Movement in funds Incoming resources Ilncludin8 other 8alnsllosses At31 March 2024 Resources expended Restricted funds: Unrestricted funds: General fvnds 96,376 178,4881 17,888 Tot81 funds 12 Analys15 of net assets between funds 96,376 178,4881 17,888 Unrestrlcted funds Restrlcted lunds Total Net current assets 16,747 16,747 1,141 1,141 17.888 17,888 13 RKonclllatlon of net debt At31 March At l Aprll 2023 Cash flows 2024 Cash and cash equivalents 2,181 2,181 14,566 14,566 16,747 16,747 Net debt 2,181 14,566 16,747 Page 12

LYE COMMUNITY CENTRE Statement of Cash flows forthe year ended 31 March 2024 2024 2023 Cash flows from operating actlvitles Net income/lexpendlture) per Statement of Financlal Attlvities 17,888 18,7201 Adjustments for: IDecreaselllncrease in trade and other payables 112,0431 10,902 Net cash provided by operotlng actlvltles 5,845 2,182 Net cash from Investlng acti¥itles Net cash from flnanclng artlvitie5 Net Increase In cash and cash equlvalents 5,845 2,182 Cash and c•sh equlvalents at the be8lnnln8 of the year 2,181 2,181 Cash and cash equlv•lents at the end of the year 8,026 4,363 Components of cash and cash equlv8lents Cash and bank balances 16,747 2,181 16,747 2,181 Page 13

LYE COMMUNITY CENTRE Detailed Statement of Financial Activities for the year ended 31 March 2024 Restricted Total funds 2024 2024 Total funds 2023 Income and endowments from: Donations and legacies Grants IRestrictedl 64,996 64,996 64,996 64,996 186,185 186,185 Charitable actlvltles Donation5 (Unrestricted) 15,232 15,232 15,232 15,232 Other trading activities Venue hire Iunrestrlctedl 16,148 16,148 16,148 16,148 Total Income and endowments 96,376 96,376 186, 185 Expenditure on: Costs of other trading activities 3,000 3,000 3,000 3,000 Total of expendlture on ralslng funds 3,000 3,000 Charitable activities 525 525 113 113 638 638 Total of expendltufe on charltable actlvlties 638 638 Employee costs Salaries/wa8es Temporary staff 2,333 2,333 3,905 1,923 5,828 2,333 2,333 Premise5 Costs Rates 600 6W 473 Light, heat and power Premises cleaning Premises repairs and maintenance 5,692 753 5,692 753 3,879 56,430 56,430 63,475 63,475 4,352 General administrative costs, intluding depreciation and amortisation Bank charges Equipment expensed 156 156 264 7,200 1,869 1,869 Page 14

LYE COMMUNITY CENTRE Detailed Statement of Financial Actlvities Software, IT support and related costs Subscription5 Sundry expenses Telephone, fax and broadband 139 570 570 1,144 3,742 1,144 3,742 571 8, 174 Legal and professional costs Accountancy and bookkeeping Consultancy fees 500 soo 500 22,100 22,600 4,800 5,300 4,800 5,300 Total of expendlture of other costs Total expenditure Net gains on investments 74,850 74,850 40,954 78,488 78,488 40,954 Net Income 17,888 17,888 145,231 Net Income before other 8ains/llossesl Other Gains 17,888 17,888 145,231 Net movement in funds 17,888 17,888 145,231 Reconclllatlon of fund$: Total funds brou8ht forward Total lunds carried forward 17,888 17,888 145,231 Page 15

LYE COMMUNITY CEKfRE Independent Examiners Report lndepw￿ent Examlner's Report to the trustees ol LYE COMMUNifi CENTRE I report to the trustees on my examination of the financial statements of LYE COMMUNITY CENTRE for the vear ended 31 March 2024. Responsibilities and basls of report As the charity's tTUStees you are responslble for the preparation of the financlal statements in accordan with the requirements of the Charities Art 20111'the Act'l. I report in respect of my examination of the charity's financial statements Ca￿led out under 5ettion 145 of the 2011 Act and in carryinB out my examination I have followed all the applicable Dirèctions given by the Charity Cornmission under sertion 14515llbl of the Act. Independent examlner's ststement I have completed my eKamination. I can confirni that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material ￿SpeCt. the accounting records were not kept in respect of the charity a5 required by section 130 of the Act- or the financial statements do not accord wf(h those records. or the financial statements do not comply with the applicable requirements concerning the form and content of financiol statements set out in the Charities (Accounts and Reports) Regulation$ 2Q)8 other than any requirernent that the financial statements ￿ve a 'true and fair, view which 15 not a matter considered as part of an independent examlnatlon. 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 financial statements to be ￿aChed. 412 Higb Street. S￿eth¥ll6% B66 3PJ TAS AC OUNTANTS 412 HIGH STREET SMETHWICK WEST MIDLANDS 866 3PJ 28January 2025 Page 4