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2021-12-31-accounts

Draft Financial Statements at 22 February 2022 at 11:16:51

Charity Registration No. 1164413

Company Registration No. CE005627 (England and Wales)

LEIGH PARK COMMUNITY CENTRE (WESTBURY) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr M Wilson Mr D Perry Mrs L Wilson Mr J Reed

Charity number 1164413 Company number CE005627 Registered office Leigh Park Community Centre Leigh Park Way Westbury BA13 3FN Independent examiner Bridge Accountancy Ltd Westfield House Bratton Road Westbury Wiltshire BA13 3EP

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

CONTENTS

Page
Trustees report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 14

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees present their annual report and financial statements for the year ended 31 December 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "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 of the Charity

Principal Activities in pursuit of Objectives

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Financial review

Funding Strategy

It is the strategy of the Trustees to manage the revenue budget on a self-financing basis. The contributions made by users of the hall are set to achieve this.

Volunteers’ Effort

Management costs are kept to a minimum through the use of volunteers where possible for maintenance of the centre, and we always try to use local trades when necessary. On average 10 hours of volunteer time are given each week to cover routine tasks such as organising events and maintenance. In addition, trustees give an average of 5 hours a month for meetings and as necessary hours in organising and running fund raising events.

2019/2020 Achievements

The Centre Manager works hard to make the hall attractive to potential users and measures its success by the range of users and the centre occupancy.

Occupancy is the number of sessions x rooms occupied compared with the maximum number of sessions x rooms available. In 2019 occupancy reached 19 Regular users providing 73.5 hours of activity per week.

Our greatest achievement was the setting up of a new preschool for 2 to 5year olds. The Preschool is open Monday to Friday 9am to 3pm term time only.

Due to the qualified staff required to run the preschool and a change in employment legislation, it also meant in 2019 we became an employer for 3 preschool staff, and 1 cleaner

Reserves Policy

The charity had £41.47 in its active saver account as unrestricted reserves at the year end. Although our aim is to have £5,000 at the end of year as reserves, this money was allocated to essential maintenance that was carried out. The trustees aim to continue contributing to the active saver account to get the balance back up to £5,000 as this cash is available for unforeseen expenditure in relation to building maintenance or urgent furniture or equipment replacement. It is the Trustees’ policy to maintain unrestricted reserves of between 100% and 150% of annual revenue budget expenditure.

The Trustees are responsible for the maintenance of the community centre and from time to time this involves major works far in excess of cash reserves held. On identifying such major works, fundraising is undertaken with the object of meeting the costs in full (i.e. without needing a loan). Such funds would be restricted. There are no restricted funds in hand.

Future Plans

The Trustees and Centre Manager are building a business plan and will be looking to source funding through community events, grants and funding and will be ongoing to ensure further community projects including the adjacent land to the side of the community centre building is developed, where we hope to include a community garden, eco-friendly shop and dedicated offices for hire to enable further community inclusion. We also desire to build a bigger pool of volunteers for events and maintenance

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity ’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee.

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr M Wilson

Mr D Perry Mrs L Wilson Mr J Reed

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Governance

Leigh Park Community Centre was established by a Trust Deed with a 125 year lease. The lease is a full repairing lease which means that, although no rent is payable, the community centre trustee committee is responsible for keeping the building in a good state of repair.

Appointment of Trustees

The Trust Deed governs the appointment of trustees and the management of the charity. Four trustees have been elected to serve on the board of trustee.

In addition there is 1 Centre Manager, 3 Preschool Staff, 1 Cleaners and 1 keyholder.

Policies and Procedures

All policies and procedures are in place to help the Trustees exercise their duty of care to members, employees and users of the centre. The policies and procedures are available for viewing.

Hiring Agreement

Use of the community centre is subject to a Hiring Agreement which must be signed by the hirer when booking. The hiring agreement sets out the conditions of hire and identifies the respective responsibilities of each party to the agreement.

Licences

The community centre has a Premises Licence (including alcohol) and is registered with the local authority for small society lotteries. The centre is licensed by the Performing Right Society for live and recorded music.

Risk Management

Insurance

The community centre is insured with respect to property damage (buildings insurance) by Zurich Insurance (£500,000 cover). It is insured with the same company with respect to contents (up to £100,000) public liability (£5,000,000) employers’ liability (£5,000,000) and legal assistance. The Management Committee recognises that it is under a legal obligation to protect the building, its users and employees through adequate and appropriate insurance.

Building Issues

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

Trade creditors of the company at the year end were equivalent to XX day's purchases, based on the average daily amount invoiced by suppliers during the year.

Supplier payment policy

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

Trade creditors of the company at the year end were equivalent to XX day's purchases, based on the average daily amount invoiced by suppliers during the year.

The trustees r eport was approved by the Board of Trustees.

.............................. Mr M Wilson Trustee

Date: .............................................

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF LEIGH PARK COMMUNITY CENTRE (WESTBURY)

I report to the trustees on my examination of the financial statements of Leigh Park Community Centre (Westbury) (the charity) for the year ended 31 December 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable 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 that in any material respect:

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 reached.

Bridge Accountancy Ltd

Westfield House Bratton Road Westbury Wiltshire BA13 3EP

Dated: .........................

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2021 2020
Notes
£		 £
Income and endowments from:
Donations and legacies 3 51,559 38,812
Charitable activities 4 5,311 1,934
Other trading activities 5 61,165 53,033
Investments 6 - 17
Other income 7 1,205 1,402
Total income 119,240 95,198
Expenditure on:
Raising funds 8 6,058 1,755
Charitable activities 9 118,585 93,547
Total resources expended 124,643 95,302
Net expenditure for the year/
Net movement in funds (5,403) (104)
Fund balances at 1 January 2021 32,072 32,176
Fund balances at 31 December 2021 26,669 32,072

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

BALANCE SHEET

AS AT 31 DECEMBER 2021

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds		 2021
£
181
24,651
24,832
(1,026)		 £
2,863
23,806
26,669
26,669
26,669		 2020
£
3,038
25,280
28,318
(918)		 £
4,672
27,400
32,072
32,072
32,072

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2021.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .........................

..............................

Trustee

Company Registration No. CE005627

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

Charity information

Leigh Park Community Centre (Westbury) is a private company limited by guarantee incorporated in England and Wales. The registered office is Leigh Park Community Centre, Leigh Park Way, Westbury, BA13 3FN.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings

33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Grants received 49,331 32,903
Donated goods and services 2,228 2,288
Other - 3,621

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

4 Charitable activities

Bouncy castle
hire
Catering
2021
2021
£
£
Other income
90
5,221
5
Other trading activities
Trading activity income: other
6
Investments
Interest receivable
7
Other income
Other income
8
Raising funds		 Total
2021
Bouncy castle
hire
Catering
Total
2020
2020
2020
£
£
£
£
5,311
250
1,684
1,934
UnrestrictedUnrestricted
funds
funds
2021
2020
£
£
61,165
53,033
TotalUnrestricted
funds
2021
2020
£
£
-
17
UnrestrictedUnrestricted
funds
funds
2021
2020
£
£
1,205
1,402
UnrestrictedUnrestricted
funds
funds
2021
2020
£
£

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

8 Raising funds

Raising funds
Trading costs
Other trading activities		 (Continued)
6,058
1,755
6,058
1,755

9 Charitable activities

Staff costs
Community centre and pre-school costs
Share of support costs (see note 10)
Support costs
Support
costs
Governance
costs
£
£
Depreciation
1,809
-
Premises costs
18,908
-
Office costs
4,197
-
Subscriptions
797
-
Accountancy
1,200
-
26,911
-
Analysed between
Charitable activities
26,911
-		 2021
£
1,809
18,908
4,197
797
1,200
26,911
26,911		 Community
centre
Community
centre
2021
2020
£
£
49,183
26,693
42,491
40,870
91,674
67,563
26,911
25,984
118,585
93,547
Support
costs
Governance
costs
2020
£
£
£
1,809
-
1,809
16,442
-
16,442
5,042
-
5,042
1,099
-
1,099
1,592
-
1,592
25,984
-
25,984
25,984
-
25,984

10 Support costs

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

12 Employees

The average monthly number of employees during the year was:

2021 2020
Number Number
- 4
Employment costs 2021 2020
£ £
Wages and salaries 49,183 26,693
There were no employees whose annual remuneration was more than £60,000.

13 Tangible fixed assets

Fixtures and fittings Fixtures and fittings
£
Cost
At 1 January 2021 6,874
At 31 December 2021 6,874
Depreciation and impairment
At 1 January 2021 2,202
Depreciation charged in the year 1,809
At 31 December 2021 4,011
Carrying amount
At 31 December 2021 2,863
At 31 December 2020 4,672
14 Debtors
2021 2020
Amounts falling due within one year: £ £
Trade debtors 181 3,038

Draft Financial Statements at 22 February 2022 at 11:16:51 LEIGH PARK COMMUNITY CENTRE (WESTBURY)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

15 Creditors: amounts falling due within one year
2021 2020
£ £
Other creditors 1,026 918

16 Related party transactions

There were no disclosable related party transactions during the year (2020 - none) .