Queen’s Walk Community Association CIO (Registered charity, number 1171472) Financial statements for the year ended 31 March 2023
| Page | Contents |
|---|---|
| 2 - 4 | Trustees’ annual report |
| 5 | Independent examiner’s report |
| 6 | Receipts & payments account |
| 7 | Statement of assets & liabilities |
| 8 - 9 | Notes to the accounts |
Queen’s Walk Community Association CIO Trustees’ annual report for the year ended 31 March 2023
Full name Queen’s Walk Community Association CIO
Other names by which the charity is known QWCA
Organisation type Charitable incorporated organisation
Registered charity number 1171472
Principal address
Queens Walk, The Meadows, Nottingham, NG2 2DF
Trustees
Iselyn Warner, Chair, from 19/09/22 Khalid Akram, Vice Chair, from 19/09/22 Carol Mellis, Secretary Martyn Neal, Treasurer Miranda Cumberbatch, from 19/09/22 Philip Angus, from 19/09/22 Anelta Warner, from 19/09/22 Nolan McKenzie, from 19/09/22 Matthew Schoburg, from 19/09/22
Brad Benjamin, from 19/09/22 Tracey Spilsbury, from 19/09/22 Christine Whiley, from 19/09/22 Waheed Iqbal, from 19/09/22 Loretta Kelly, from 19/09/22 Melvin Hendricks, from 19/09/22 Jeremiah Joseph, from 19/09/22 Karen Warner, until 26/09/22
Independent examiner
John O’Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL
Governance and management
The charity is operated under the rules of its CIO – Association constitution adopted 6[th] February 2017.
Overall management of the charity is the responsibility of the trustees who are usually appointed at our annual general meeting; alternatively, they can be co-opted at our monthly meetings.
Objectives and activities
To further or benefit the residents of The Meadows area of Nottingham 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 interests of social welfare for recreation and 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 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 and management of such a centre for activities promoted by the charity in furtherance of the above objects.
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Queen’s Walk Community Association CIO
Public benefit statement
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
Summary of the main activities undertaken for the public benefit
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Education and recreation, particularly the elderly, who like to come and socialise;
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We work with other voluntary organisations, such as the Bridges Community Trust, to improve the centre for the centre users;
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Social welfare;
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We accommodate a group with different disabilities who use the centre facilities once a week for social activities;
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We have events to celebrate different cultures, particularly their independence days;
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We have also organised trips to the Carnival in Leeds;
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We hold weekly bingo sessions and many more activities to suit each group.
Summary of the main achievements during the period
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We managed to keep the building open for community use despite the high cost of energy;
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Many centre users are still with us in spite of the high cost of living;
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We have increased the kitchen price to help with the energy costs and this has not discouraged people from renting it;
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We held a Christmas party for the local children within the community;
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We are still a centre for the vaccine program.
We would like to thank Mark Petrucci, Vicky Ross and Dawn Lynch from Nottingham City Council for all the help they have given us throughout the year. Thanks go to all of our centre users who have supported us throughout the year. Thanks also go to the Queen’s Walk Community Association management committee and Jane, the centre manager, for all their hard work.
Financial review
A combination of energy price increases and a falling away of support from Nottingham City Council means we are having to run deficit budgets. We have a strategy to reduce this over the next three years but also need to use this to develop a long term business plan which will make the centre self-sustaining and allow us to raise funds to carry out repairs and improvements which are needed to the building.
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Queen’s Walk Community Association CIO
The charity’s policy on reserves
We have no specific policy on reserves; however, we like to retain a minimum of £25,000.
Signed on behalf of the charity’s trustees:
Signed ______ Date _ Iselyn Warner, Trustee
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Independent examiner’s report to the trustees of Queen’s Walk Community Association CIO for the year ended 31 March 2023
I report to the trustees on my examination of the accounts of Queen’s Walk Community Association CIO (the charity) for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
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 accounts to be reached.
Signed ____ Date _______ John O’Brien MSc, FCCA, FCIE Employee of Community Accounting Plus
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Queen’s Walk Community Association CIO Receipts & payments account for the year ended 31 March 2023
| 2022 Total Unrestricted Funds Funds £ Note £ Receipts 6142 Grants & donations 2 877 270 Membership 270 1006 Sales & fees - 61436 Rents & services 73706 - Loan repayment 3 5380 - Sundry receipts 3181 68854 Total receipts 83414 Payments 1416 Bank charges 1790 1569 Cleaning 3086 2684 Equipment, repairs & renewals 640 1500 Grants/Donations paid - 362 Hospitality/Refreshments 64 - Independent examination 570 806 Insurance 628 386 IT 1163 1795 Legal & professional 3788 475 Payroll service 569 452 Premises maintenance 1095 403 Printing & stationery 608 - Publications & subscriptions 1564 18 Staff expenses - 115 Staff training - 24 Sundry payments - 1123 Telephone & postage 1124 17797 Utilities 48964 14 Volunteer expenses - 32519 Wages, NI & pension 47303 5380 Loan to Sheriff Social Club 3 - 68838 Total payments 112956 16 Net receipts/(payments) (29542) 77534 Cash funds at start of this period 77550 77550 Cash funds at end of this period 48008 |
2023 Restricted Total Funds Funds £ £ 5582 6459 - 270 - - - 73706 - 5380 - 3181 5582 88996 - 1790 - 3086 - 640 - - - 64 - 570 - 628 - 1163 - 3788 - 569 - 1095 - 608 - 1564 - - - - - - - 1124 5582 54546 - - - 47303 - - 5582 118538 - (29542) - 77550 - 48008 |
|---|---|
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Queen’s Walk Community Association CIO Statement of assets and liabilities at 31 March 2023
| 2022 £ Cash assets Note 77548 Bank accounts 2 Cash in hand 77550 Other monetary assets 13073 Debtors & prepayments 5 13073 Assets retained for the charity’s own use General equipment. Office chair, purchased January 2021, cost £550. Security cameras, purchased October 2019, cost £744. CCTV system, purchased October 2018, cost £2,688. Bicycle shelter, purchased July 2017, cost £2,201. Liabilities (2754) Creditors 6 - Advance receipts (2754) |
2023 £ 48008 - |
|---|---|
| 48008 | |
| 14724 | |
| 14724 | |
| (11680) (420) |
|
| (12100) |
These financial statements are accepted on behalf of the charity by:
Signed _____ Dated _____ Martyn Neal, Trustee
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Queen’s Walk Community Association CIO Notes to the accounts for the year ended 31 March 2023
1. Receipts & payments accounts
Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.
2. Grants & donations
| Nottingham City Council Sundry grants & donations |
Unrestricted £ - 877 877 |
Restricted Total £ £ 5582 5582 - 877 5582 6459 |
|---|---|---|
3. Loan to Sheriff Social Club
During the previous year an interest free loan of £5,380 was paid to a director of the trading subsidiary, Sheriff Social Club, to enable the trading subsidiary to meet its financial obligations during the Covid-19 pandemic. The loan was repaid in full in October 2022.
4. Funds analysis
| Restricted funds Block fund Unrestricted funds General fund |
Opening balance £ - - 77550 77550 |
Receipts £ 5582 5582 83414 83414 |
(Payments) £ (5582) (5582) (112956) (112956) |
Closing balance £ - |
|---|---|---|---|---|
| - | ||||
| 48008 | ||||
| 48008 |
The Block fund is funding received from Nottingham City Council and is restricted for the running costs of the building.
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Queen’s Walk Community Association CIO
5. Debtors & prepayments
| £ | |
|---|---|
| Rents & services | 7125 |
| Publications & subscriptions | 902 |
| Wages, NI & pension - HMRC | 6244 |
| Insurance | 320 |
| Legal & professional | 133 |
| 14724 |
6. Creditors
| £ | |
|---|---|
| Independent examination | 570 |
| Equipment, repairs & renewals | 63 |
| Legal & professional | 32 |
| Payroll service | 122 |
| Utilities | 10794 |
| Wages, NI & pension - wages | 99 |
| 11680 |
7. Premises & staff
The premises are provided by the local authority.
8. Trustees’ remuneration
Trustees received no expenses, remuneration or benefits in this period.
9. Related party transactions
There were no related party transactions during the period.
10. Glossary of terms
Advance receipts: These are amounts received by the charity in the accounting period, for use in a future period.
Creditors: These are amounts owed by the charity, but not paid during the accounting period.
Debtors: These are amounts owed to the charity, but not received in the accounting period.
Prepayments: These are services that the charity has paid for in advance, but not used during the accounting period.
Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity.
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