Greenslde Comrnunlty Centre CIO- 117820D GREENSIDE COMMUNITY CENTRE CIO CHARITY REGISTRATION NO 1178200 Financlal Statements For the period ended 30 Aprll 2024 Page l of 12
Greenside Community Centre CIO- 1178200 Legal and Administrative Information Name: Greenside Community Centre CIO Charlty no: 117800 Trustees: lulla Noonan April Lancaster Janet McKie Paula Anderson Reilster•d Address: Greenslde Communlty Centre Woodslde Lane Greenslde Ryton NE40 4AA ankers: Uoyds Bank plc Independent Ex•mln•r: Pamela Rlchardson Page 2 of 12
Greens5de Community Centre CIO- 1178200 CONTENTS Pages l Trustees report 2 Independent Examiners Report 3 Statement of Financial Activities 4 Balance Sheet 5 Notes to the Accounts 9-12 Page 3 of 12
Greenslde Community Centre CIO- 1178200 TRUSTEES REPORT oble¢tlves and Actl¥lties Oble(tlve5: Further or beneflt the residents of Greenside and the surroundlng areas of Gateshead without distinction of sex, sexual orientation. race or of political, rellglous or other opinions by assoclating together the said residents and the local authorlles, voluntary and other organ15ations in a common effort to advance education and to provlde facllities In the Interests of soclal welfare for recreation and leisure time occupation with the objective of impfoving the conditions of Ilfe for the resident. To estab115h or secure the establlshment of a communlty centre and to malntaln or manage or co-operate wlth any statutory authorlty Sn the maintenance and management of such a centre for activltbes promoted by the charSty In furtherance of the above objectives. Artlvltlej.. The communlty centre contlnues to provlde a safe, clean and welcomlng faclllty for the local community to hold events. publlc meetin8s and re8ular actSvltles. Covld PTovlded some challenges but we are now recovering from thls. Our regular activltie5 include Yoga, wellbeing, fltness and keep flt type classes, Boxing and exerclse, drama and play groups for children, Local Hlstory Group. ltsllan Classe5 and others. We also have our Messy Church playgoup, regular coffee mornln8s and servlces and we are a local Warm Spaces provlslon for vulnerable households. Our Èxstlng and new tenants also brlng additional local service5 to the community. The centre15 bein8 used re8ularly by many groups and people who are making 8reat use of the facllltles on offer desplte cost of Ilvlng pressures on the centre and the communltv. Achlevements: Keeping In touch during Covld proved challen8ln8 but we have embraced new technolo8y where posslbe. We have made use of our re-vamped web51te, a new bookin8 and Involclng system and regularly update and share our FaceBook pages. The new Trustees and Management Committee have brought significant enthuslasm and ideas and are provlng an a55et for the IDcal communlty. The trustees have consSdered the guSdance produced by the Charlty Commlsslon on the piovision of public beneflt and they conflmi that public benefits ha5 been provided by the range of activlties described above. Rlsk Manag•ment: The Trustees are examinlng the malur rlsks the centre faces In relatlon to extemal factors, governance and mana8ement, internal operations and business. They are considering the likellhood and the impact of r15ks and are reviewing what systems and controls are in place to reduce those risks. The sytems are designed to provide reasonable, but not absolute, assurance against material loss or mi55tatement of loss. Page 4 of 12
Greenside Community Centre CIO- 1178200 Reserves Poll¢v: It is the policy of the centre to try to bulld up unrestricted funds, which are free reserves of the centre, to a level that equates to approximately 6-12 months unrestricted expenditure. Thls will provide sufflcient funds to cuver management and adminstration costs and any emergencies that may arise from time to tlme. Future Mans: Future plan5 Include addltlonal lettlngs to local bu51nesses and user groups and to promote the use of the centre for greater use for the communlty wlthln the resource5 avallable. Trustees Responslbllitles.. The trustees are responsible for keepln8 proper accountlng record5 which dI5close wlth reasonable accuracy the financlal positlon of the charlty and whlch enable them to ascertaln the financial posltion of the charity and who¢h enable them to comply wth applicable law. The Trustees are also responslble for safe8uardlng the assets of the CIO and hence for tsklng reasonable steps for the prevention and detectlon of fraud and other irregularltles. Approved by the membets ondslgned on thelrbeha¥.' Name E-(Li4 Slgnature Name Slgnatu Date: 03-Jan.25 Page 5 of 12
Greenside Community Centre CIO- 1178200 Inde endent Examiners Re ort Report to the Trustees/Members of Greenside Community Centre CIO on Accounts for the year ended 30 April 2024 set out on pages 7-12. Rep5ectlve Re5ponslbllltles of trustees and examlner The trustees (who are also the director5 for the purposes of company lawl are responsible for the preparatlon ol the accounts. The trustees con51der that an audlt Is not required for this year under section 144121 of the Charitles Act 2011 Ithe 2011 Act) and that an Independent examlnatlon Is needed. The charity's gross income does not exceed £250,000. Having satisfied myself that the charlty is not subject to audlt under company law and Is ellgble for Independent examinatlon, it is my responsibility to.. examine the accounts under section 145 of the 2011 Art,. to follow the procedures laid down in the gerieral directlons glven by the Charity Commi551on under sertlon 1451511bl of the 2011 Act,. and to state whether partlcular matter5 have come to my attentlon. Basls of Indepondent examln•rs report My examination was carried out in acordance with the general Dlrectlons 8lven by the Charlty Comm1s5ion. An examlnation Includes the review of the accountin8 record5 kept by the charlty and a comparfson of the acttjunts presented with those records. It a150 include5 conslderatlon ol any unusual Items Dr dlsclosufe Sn the actounts. and seeklng èxplanatlon5 from you as trustees concernlng any such matters. The procedures undertaken do not provlde all the ev5dence that would be requlred In an audlt and consequently no oplnlon Is 8lven as to whether the accounts present true and falr, v4ew and the report 15 Ilmlted to those rnatters set out In the statement below. Independent examln•rs statemqnt In connectlon wlth my examination, no matter has come to my attention: 111 whlth 8lve5 me reasonable cause to belleve that In any materlal respect of the requirements.. to keep accounting CordS In actordance with section 386 of the Cornpanie5 Act 2006: and to prepare accounts whlch accord with the a¢untIng retords. cornply wlth the at£ountln8 requlrernents of section 396 of the Companles Act 2006 and wSth the methods and prlnciples of the Statement of Recommended Practlce.. Accountlng and Reportln8 by Charities have not been met.. or 121 to whlch in my oplnlon, attentlon should be drawn In order to enable a proper understandln8 of the accounts tD be reached. Pamela Richard50n Date 02 january 2025 Page 6 of 12
Greenside Community Centre CIO- 1178200 STATEMEf4T OF FINANCIAL ACTIVITIES {incorporatin8 the income & expenditure account) for the perlod ended 30 April 2024 Unrestricted funds Restrlcted funds Total Funds 23-24 Total funds 22-23 note5 Incomlng Resource5: Grant5 received Donatlons and Legacle5 Investment Income Charitable Artlvlties Other tradlng activities Other 23,355 23,355 1,536 503 21,986 1,536 503 1,476 87 19,471 21,986 1,389 Z5.414 1,389 48,769 1,145 22,179 23,355 Resoue¥ Expended: Raisin8 Funds Charitable Activlties Bad debts written off Other 28,087 20,787 48,874 17,736 763 18,499 28,087 20,787 48,874 Net Incomln8lOutyolng Resources before transfers -2.673 2,568 -105 3,680 Transfers Net Movement In lund$ -2,673 2,568 -105 3,680 Reconclllatlon of funds Total funds brought f/w 64501 61,828 64501 64,396 60821 64,501 2,568 The notes on page5 9-10 form an Integral part of these financial statement5 Page 7 of 12
Greenside Community Centre CIO- 1178200 BALANCE SHEET as at 30 April 2024 2023-24 2022-23 nute5 Funds Flxed Ass•ts: Tangible Assets Curient Assets: Debtor5 C05h at bank ond In hond 64396 64396 64501 64501 Total Current and FIMed Asmts: 64396 64501 Llabllltles: Creditor5folling due wlthln I yeor Creditors Jalling due after l yeor Total Currnnt and LO Term Ilabllllles Total Net Ass•ts', 64396 64501 The funds of the Charltv.. Unrestrlcted Funds Restricted Funds 61828 2568 64396 64501 64501 Statement of Exemptlon: For the year ended 30 Aprll 2024 the CIO was entltled to exemptlon from Audlt under s477 of the Companie5 Act 2006 relatin8 to sm311 companies. The members have not requlred the CIO to obtain an audlt of Its accounts for the year in question in accordance with 5476. The Trustees acknowledge thelr responslbility for complylng wlth the requlrements of the Act wlth respect to accounting records and the preparatlon of accounts. These accgunts have been prepared in accordance wlth the provlslons appllcable to companles subject to the small companie5 re8ime. Approved by the Trustees and slined on thelr behalf: Name JUL 14 /VOtVT Signature Name Signature 0310112025 0310112025 Date Page 8 of 12
Greenside Community Centre CIO- 1178200 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDING 30 APRIL 2024 I ACCOUNTING POLICIES Basls of Pr•paratlon These flnancial statements have been prepared in accordance with Accounting and Reporting by Charltle5.' Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial ReportinB Standard applbcable in the UK and Republic of Ireland (FR5 1021 leffectlve January 2051- Charltles SORP IFRS 1021 Greenslde Communlty Cenire CIO meets the definition of a public benefit entlty under FRS 102. Asset5 and Liablities are Initlally recogni5ed at hlstorlcal cost or transaction value unle55 OthenlSe stated In the relevant accountlng pollcy note Isl. Incomlng Resources These are included In the Statement of Flnancial Activities ISOFAI when.. the charlty becomes entltled to the resources,. the trustees are virtually certain they wlll receive the resources; and the monetary value can be measured with sufficlent reliabillty Donations are only Included In the SOFA when the charlty has uncondltlonal entltlement to the resources. Capltal Grants are released over the economlc useful Ilfe of the asset to whlch they late. Resources Expènded and Uabllltles Resource5 expended have been analysed usin8 a natural classlflcation. Llabllltles are recognlsed as soon as there Is a legal or constructlve obllgatlon commlttlng the charity to pay out resources. Taxation The charity is exempt from Corporation tax on its charitable ativities. Page 9 of 12
Greenslde Communlty Centre CIO- 1178200 FUNDS The Charity has two fvnds, an unrestricted general fund, which has a designated fund and a restricted fund used for purchasing Items of a specific nature funded by one funder hence all movements on each fund are disclosed. Restrlcled Funds Funder Gateshead Council 8a1 8/F Income Expendlture Transfers 8a1 Clf Lottery & Grantscape 23355 23355 -20787 -20787 2568 2568 Unrestrlcted Funds Funder General Fund Bal BIF 64,501 64.501 Income 25,414 25,414 Eyndlture -28,087 -28,087 Transfers Bal Clf 61.828 61.828 TOTAL FUIIDS 64,501 48,769 -48,874 64,396 INVESTMENT INCOME Thi51s Interest eamer In a bank account INCOME AND EXPENDITURE ANALYSIS 2023.2024 Incom• Ind Endowm•nts from: Total 2023-24 Tot•1 2022-23 Unr•rtrlrted Restrlcted Don*ilons and Legacles Donations/Grants 1,536 1,536 23,355 23,355 24,891 24,891 1,476 1,476 Charltable Actlvltles Hall Lettings Subscriptions Speclal Efforts 20,812 20,812 19,471 1,174 21,986 1.174 21.986 19,471 Other tradlnl a¢llvbtv Fundralslng Income In¥e5tments Bank Interest earned 503 503 503 503 87 87 Other Miscellaneous Income 1,389 1,389 1.389 1,389 1,145 1.145 TOTAL INCOMING RESOURCES 25,414 23,355 48,769 22,179 Page 10 of 12
Greenside Community Centre CIO - 1178200 Re50urce5 Expended: Total Total 2023-24 2022-23 Ra151n£ funds Unrestrlrted Restrlrted Charlt4ble Actlvltles Wages aeaning & Waste disposal Renewals Minor Repair5 Major Repalr5 Electrlcltv Gas Water Rates Admin, Postage & Statlonerv Accountancv Insurance Telephone & Broadband 6,351 1,100 597 759 6.351 i.ioo 597 759 27,916 2,866 4,413 552 916 6,058 678 390 1,657 970 3,081 1,622 584 7,129 2,866 4,413 552 916 20,787 1,089 970 675 970 675 959 647 26,328 1,759 20,787 47.115 1759 17,735 763 Other 6ad debts wrltten off Total resources expended 28,087 20,787 48,874 18,498 support Costs Fundralsln8 Charltable Governance Artl¥lt¥ Actlvltv Actlvlty Total 05t Wages Cleaning & Waste Di5P05al Renewals 6,351 i.ioo 597 759 27,916 2,866 4,413 552 916 970 1,759 675 48,874 6,351 i.ioo 597 759 27,916 2,866 4,413 552 916 970 1.759 675 48,874 Mlnor repalr5 Major repaSrs Electrlclty Gas Water Rates Admin, PostaBe & Stationery Insurance Misce113neous Telephone & Broadband Page 11 of 12
Greenside Community Centre CIO- 1178200 SALARIES AND WAGES Total Total 202>24 2022.23 Unrestricted Ilertrlcted Wages and Salaries Staff Pension Contributions Other Costs 6,351 6,351 6,058 6,351 6,351 2023- 24 Number 6,058 2022 - 23 Number 2 Part tlme employess were employed durin8 this period no remuneration of more than £60,000 was made. DEBTORS 2023-24 1022-23 Trade debtors Total CREDITORS DUE WITHIN I YEAR 2023-24 2022-23 Independent examiners fee Trade Credltor5 CASH AT BANK AND IN HAND 202>24 1021-23 Deposit Account Current Account Petty Cash 46,024 18,345 27 64,396 45.521 18,883 97 64,501 INDEPENDENT EXAMINATION FEE 2023.24 2022.23 Independent Examinatlon fee Page 12 of 12