**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.
2
## **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**
- Education and recreation, particularly the elderly, who like to come and socialise;
- We work with other voluntary organisations, such as the Bridges Community Trust, to improve the centre for the centre users;
- Social welfare;
- We accommodate a group with different disabilities who use the centre facilities once a week for social activities;
- We have events to celebrate different cultures, particularly their independence days;
- We have also organised trips to the Carnival in Leeds;
- We hold weekly bingo sessions and many more activities to suit each group.
## **Summary of the main achievements during the period**
- We managed to keep the building open for community use despite the high cost of energy;
- Many centre users are still with us in spite of the high cost of living;
- We have increased the kitchen price to help with the energy costs and this has not discouraged people from renting it;
- We held a Christmas party for the local children within the community;
- 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.
3
## **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
4
## **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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. 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
5
## **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**|
|---|---|
6
## **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
7
## **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.
8
## **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.
9