OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Brookside Central (CIO)

2024-03-31-accounts

REGISTERED COMPANY NUMBER: CE010564 (England and Wales) REGISTERED CHARITY NUMBER: 1172037

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BROOKSIDE CENTRAL CIO

D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB

BROOKSIDE CENTRAL CIO

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31st March 2024

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14

BROOKSIDE CENTRAL CIO

REPORT OF THE TRUSTEES for the Year Ended 31st March 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of 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 and aims

To further or benefit the residents of Brookside, Stirchley, Telford, Shropshire and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and this 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 and leisure time occupation with the objective of improving the condition of life for the residents.

In furtherance of these objectives but not otherwise, the trustees and voting members shall have power:

To establish or secure the establishment of a community centre and maintain or manage or cooperate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objectives.

Public benefit

The main activity is undertaken to further our charitable objective for the public benefit.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Staffing

Brookside Central CIO staffing structure changed during this financial year, adding two new roles within the company: Brookside Big Local Project Officer, Café Operator and a Receptionist.

All positions were successfully filled and probationary periods were passed during this year, appraisals went well and appropriate targets were set in line with job descriptions.

The centre manager went off on maternity leave in June 2023 and did not fully return until March 2024, during this time another member of staff took over as temporary manager and this had a direct impact on the operational running and financial stability of Brookside Central CIO.

Leaseholders

All licences remained within the building this year, with rental costs being renegotiated.

Brookside Community Preschool made the decision to switch from a room hire agreement to a license for stability and to secure a annual contract.

The current leaseholders are: Brookside Community Preschool, Recharge Telford and Severn Training and Schools Alliance.

Building and café

Brookside Central opened the café during this year, which has been successful during its first year of operation. Although not breaking even, it has established a good customer base and has taken on external catering which is expected to grow during the next financial year.

On the 15th May 2023, Environmental Health Office came and inspected the kitchen, and our food handling practises and our café was awarded a 5* rating.

Building maintenance was carried out at expected times and the building remains up to a high standard.

Page 1

BROOKSIDE CENTRAL CIO

REPORT OF THE TRUSTEES for the Year Ended 31st March 2024

Health and Safety

There were no major accidents or incidents during this period.

Room Bookings

Room bookings capacity within the centre has fallen this year due to changes of operation and increased local competition, within the next financial year a big push on increasing room bookings will be going ahead.

Brookside Big Local

This year had been a successful year for Brookside Big Local who put on a range of activities and events for the local community:

Brookside Big Local also funded a community garden at the rear entrance of the community centre and new signage for the community centre

FINANCIAL REVIEW

Reserves policy

The Charity is funded by grants and there is no certainty what will be received in the future.

To cover for possible short term declines in grants, Trustees try and maintain reserves of at least £70,000 to cover one years expenses.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE010564 (England and Wales)

Registered Charity number

1172037

Registered office

Brookside Central Community Centre Burford Brookside Telford Shropshire TF3 1LP

Page 2

BROOKSIDE CENTRAL CIO

REPORT OF THE TRUSTEES for the Year Ended 31st March 2024

Trustees

J S Smith Mrs J D Idiens Chairperson A E Hudson S Cook I Langford A Blissett

Independent Examiner

Russell Ball FCA D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB

Approved by order of the board of trustees on 20th January 2025 and signed on its behalf by:

Mrs J D Idiens - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROOKSIDE CENTRAL CIO

Independent examiner's report to the trustees of Brookside Central CIO ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.

Responsibilities and basis of report

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

Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Russell Ball FCA

D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB

20th January 2025

Page 4

BROOKSIDE CENTRAL CIO

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st March 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
13,275
Other trading activities
2
50,905
Investment income
3
2,059
Total
66,239
EXPENDITURE ON
Charitable activities
Maintaing a community centre.
62,470
NET INCOME
3,769
RECONCILIATION OF FUNDS
Total funds brought forward
86,162
TOTAL FUNDS CARRIED FORWARD
89,931		 Restricted
funds
£
179,067
-
-
179,067
171,102
7,965
34,854
42,819		 31.3.24
31.3.23
Total
Total
funds
funds
£
£
192,342
101,009
50,905
38,777
2,059
670
245,306
140,456
233,572
119,514
11,734
20,942
121,016
100,074
132,750
121,016		 31.3.24
31.3.23
Total
Total
funds
funds
£
£
192,342
101,009
50,905
38,777
2,059
670
245,306
140,456
233,572
119,514
11,734
20,942
121,016
100,074
132,750
121,016
140,456
119,514
20,942
100,074
121,016

The notes form part of these financial statements

Page 5

BROOKSIDE CENTRAL CIO

BALANCE SHEET 31st March 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
11,987
CURRENT ASSETS
Debtors
9
5,943
Cash at bank and in hand
77,192
83,135
CREDITORS
Amounts falling due within one year
10
(5,191)
NET CURRENT ASSETS
77,944
TOTAL ASSETS LESS CURRENT LIABILITIES
89,931
NET ASSETS
89,931
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
5,143
-
37,676
37,676
-
37,676
42,819
42,819		 31.3.24
Total
funds
£
17,130
5,943
114,868
120,811
(5,191)
115,620
132,750
132,750
89,931
42,819
132,750		 31.3.23
Total
funds
£
5,967
5,979
113,389
119,368
(4,319)
115,049
121,016
121,016
86,162
34,854
121,016

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

BROOKSIDE CENTRAL CIO

BALANCE SHEET - continued 31st March 2024

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

The financial statements were approved by the Board of Trustees and authorised for issue on 20th January 2025 and were signed on its behalf by:

J D Idiens - Trustee

The notes form part of these financial statements

Page 7

BROOKSIDE CENTRAL CIO

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31st March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 33% on cost Plant and machinery - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Computer equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 8

BROOKSIDE CENTRAL CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2024

2. OTHER TRADING ACTIVITIES

3.

4.

5.

OTHER TRADING ACTIVITIES
31.3.24 31.3.23
£ £
Other income 12,995 1,000
Room hire 37,910 37,777
50,905 38,777
INVESTMENT INCOME
31.3.24 31.3.23
£ £
Deposit account interest 2,059 670
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.24 31.3.23
£ £
Depreciation - owned assets 3,269 1,150
TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.24 31.3.23
Charitable activities 6 2

No employees received emoluments in excess of £60,000.

continued...

Page 9

BROOKSIDE CENTRAL CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

8.

Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
49,451
51,558
Other trading activities
38,777
-
Investment income
670
-
Total
88,898
51,558
EXPENDITURE ON
Charitable activities
Maintaing a community centre.
98,854
20,660
NET INCOME/(EXPENDITURE)
(9,956)
30,898
RECONCILIATION OF FUNDS
Total funds brought forward
96,118
3,956
TOTAL FUNDS CARRIED FORWARD
86,162
34,854
TANGIBLE FIXED ASSETS
Improvements
Fixtures
to
Plant and
and
Computer
property
machinery
fittings
equipment
£
£
£
£
COST
At 1st April 2023
6,329
3,546
1,818
6,451
Additions
3,758
9,491
-
1,183
At 31st March 2024
10,087
13,037
1,818
7,634
DEPRECIATION
At 1st April 2023
6,329
2,163
563
3,122
Charge for year
203
1,274
188
1,604
At 31st March 2024
6,532
3,437
751
4,726
NET BOOK VALUE
At 31st March 2024
3,555
9,600
1,067
2,908
At 31st March 2023
-
1,383
1,255
3,329		 Total
funds
£
101,009
38,777
670
140,456
119,514
20,942
100,074
121,016
Totals
£
18,144
14,432
32,576
12,177
3,269
15,446
17,130
5,967

continued...

Page 10

BROOKSIDE CENTRAL CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2024

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Prepayments
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses
11.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Brookside Big Local
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Brookside Big Local
TOTAL FUNDS		 At 1.4.23
£
86,162
34,854
121,016
Incoming
resources
£
66,239
179,067
245,306		 31.3.24
31.3.23
£
£
3,329
2,901
2,614
3,078
5,943
5,979
31.3.24
31.3.23
£
£
255
-
4,936
4,319
5,191
4,319
Net
movement
At
in funds
31.3.24
£
£
3,769
89,931
7,965
42,819
11,734
132,750
Resources
Movement
expended
in funds
£
£
(62,470)
3,769
(171,102)
7,965
(233,572)
11,734		 31.3.23
£
2,901
3,078
5,979
31.3.23
£
-
4,319
4,319
At
31.3.24
£
89,931
42,819
132,750
11,734

continued...

Page 11

BROOKSIDE CENTRAL CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Eatwell & Breakfast Club
Brookside Big Local
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Eatwell & Breakfast Club
Brookside Big Local
TOTAL FUNDS		 At 1.4.22
£
96,118
3,956
-
3,956
100,074
Incoming
resources
£
88,898
-
51,558
51,558
140,456		 Net
movement
At
in funds
31.3.23
£
£
(9,956)
86,162
(3,956)
-
34,854
34,854
30,898
34,854
20,942
121,016
Resources
Movement
expended
in funds
£
£
(98,854)
(9,956)
(3,956)
(3,956)
(16,704)
34,854
(20,660)
30,898
(119,514)
20,942

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Eatwell & Breakfast Club
Brookside Big Local
TOTAL FUNDS		 At 1.4.22
£
96,118
3,956
-
3,956
100,074		 Net
movement
in funds
£
(6,187)
(3,956)
42,819
38,863
32,676		 At
31.3.24
£
89,931
-
42,819
42,819
132,750

continued...

Page 12

BROOKSIDE CENTRAL CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2024

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Eatwell & Breakfast Club
Brookside Big Local
TOTAL FUNDS		 Incoming
resources
£
155,137
-
230,625
230,625
385,762		 Resources
Movement
expended
in funds
£
£
(161,324)
(6,187)
(3,956)
(3,956)
(187,806)
42,819
(191,762)
38,863
(353,086)
32,676

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2024.

13. FUNDS

General Fund

Retained funds are maximized to enable the continuing provision of the charitable activities in the future.

Restricted Funds

Material Grants received for specific purposes are ringed fenced so that the general funds can clearly be identified.

Page 13

BROOKSIDE CENTRAL CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st March 2024

31.3.24 31.3.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Local grants 192,342 101,009
Other trading activities
Other income 12,995 1,000
Room hire 37,910 37,777
50,905 38,777
Investment income
Deposit account interest 2,059 670
Total incoming resources 245,306 140,456
EXPENDITURE
Charitable activities
Wages 92,998 49,040
Pensions 1,280 1,291
Rates and water 1,228 1,412
Insurance 4,841 4,062
Light and heat 20,806 12,378
Telephone 147 47
Postage and stationery 2,623 1,335
Sundries 6,857 7,015
Key holding and lock services 3,080 4,340
Repairs and renewals 12,667 20,457
Alarm and security 1,686 1,536
Subscriptions 2,963 2,691
Waste collection 5,523 2,613
Activities 72,554 9,147
Accountancy 1,050 1,000
Improvements to property 203 -
Depreciation - Plant and machinery 1,274 244
Depreciation - Fixtures and fittings 188 222
Depreciation - Computer equipment 1,604 684
233,572 119,514
Total resources expended 233,572 119,514
Net income 11,734 20,942

This page does not form part of the statutory financial statements

Page 14