LOW HILL COMMUNITY CENTRE
TRUSTEES REPORT 2022
What a difficult year it’s been with lock down for nearly two years Financial loss of £3 ½ k
Loss of groups who are not returning but the regular groups have returned good companions sons of rest, Thursday luncheon club, Monday &Wednesday bingo .The church groups revolution dance credit union, and loads of week end bookings which generate high income for us.
Now we are being overwhelmed with bookings Karate tyquondo messy play yoga meditation, also weekend lettings have risen quite dramatically. we have been inundated for employability courses which have been successfully run.
We have been running activities for young children ie The #yes and youth program. Just celebrated the queens platinum a Easter disco for the kids One of the biggest decisions we have made this year is to pull away from the WV10 Consortium we have been very successful in receiving three grants totalling £28K which will cover the platinum jubilee and children’s entertainment.
We are looking at all other grants that are available to keep us going .
We are just setting up a community shop we started in August 2022. Its highly successful growing rapidly this project was funded by the city council which was a gift of £25 thousand to keep us going for two years.
lowhillcommunity association
Financial Activities % of Total Income
April 2021 - March 2022
| TOTAL | |||
|---|---|---|---|
| APR 2021 - MAR 2022 | APR 2020 - MAR 2021 (PP) | ||
| Income | |||
| Miscellaneous Income | 1,590.00 | ||
| Room Hire Income | 17,645.59 | 4,085.30 | |
| Party Hire Income | 4,916.00 | ||
| Total Room Hire Income | 22,561.59 | 4,085.30 | |
| Sales | 100,679.46 | ||
| WCCU (Customers Funds) | -2,825.00 | 665.00 | |
| Total Income | £122,006.05 | £4,750.30 | |
| TOTAL | £122,006.05 | £4,750.30 | |
| Expenditures | |||
| Centre Expenses | 26,315.17 | ||
| Administrative Costs | 48.00 | ||
| Care Taker Costs | -555.00 | ||
| Photocopier | 123.62 | ||
| PPE | 591.00 | ||
| Repairs and Maintenance | 2,415.45 | 3,719.58 | |
| Stationary | 156.16 | 2.95 | |
| Waste Collection | 215.50 | ||
| Total Centre Expenses | 28,547.28 | 4,485.15 | |
| Consumables | 31.51 | 15.50 | |
| Donations | 100.00 | ||
| Equipment & Supplies | 5,828.67 | 0.00 | |
| Catering Equipment | 225.57 | 199.99 | |
| IT Equipment | 1,140.82 | ||
| Other Equipment | 399.70 | ||
| Stage Equipment | 418.03 | ||
| Total Equipment & Supplies | 6,054.24 | 2,158.54 | |
| Event Costs (excluding Equip) | 11.97 | ||
| Heads Start Project | 975.00 | ||
| Luncheon Club. | 510.89 | ||
| Miscellaneous Expense | 89.00 | ||
| PLATINUM - JUBILEE | 996.80 | ||
| Postage and Delivery | 7.99 | ||
| Professional Fee's | 24.00 | ||
| Book Keeping Costs | 199.20 | 48.00 | |
| Total Professional Fee's | 223.20 | 48.00 | |
| Volunteer Expenses | 160.90 | ||
| Volunteer Training | 1,100.00 | ||
| Total Expenditures | £37,564.89 | £7,951.08 | |
| NET OPERATING INCOME | £84,441.16 | £ -3,200.78 | |
| NET INCOME/(EXPENDITURE) | £84,441.16 | £ -3,200.78 |
Accrual Basis Monday, 30 January 2023 09:59 pm GMT+00:00
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lowhillcommunity association
Balance Sheet Comparison
As of March 31, 2022
| TOTAL | |||
|---|---|---|---|
| AS OF MAR 31, 2022 | AS OF MAR 31, 2021 (PP) | ||
| Fixed Asset | |||
| Tangible assets | |||
| Furniture and Fixtures | 1,940.60 | 1,940.60 | |
| Total Tangible assets | £1,940.60 | £1,940.60 | |
| Total Fixed Asset | £1,940.60 | £1,940.60 | |
| Cash at bank and in hand | |||
| LHCA Business Instant Account | 80,040.59 | 80,040.59 | |
| LHCA Treasurers Account | 84,799.17 | 34,451.12 | |
| PARTY DEPOSIT REFUND | 655.00 | ||
| Pettycash | 577.52 | 577.52 | |
| SERVICE PROVIDER | 50.00 | ||
| TRANSFER | 29,460.00 | ||
| TSB Rolling Programme | 19,856.68 | 19,856.68 | |
| WCCU | 830.00 | ||
| Total Cash at bank and in hand | £216,268.96 | £134,925.91 | |
| Debtors | |||
| Grants Receivable | 0.00 | 0.00 | |
| rembursments | 0.00 | 0.00 | |
| Room Hire Income - Receivable | 11,796.61 | 8,063.50 | |
| Sundry Debtors | 7,129.10 | 7,129.10 | |
| Total Debtors | £18,925.71 | £15,192.60 | |
| Current Assets | |||
| Undeposited Funds | 8,072.50 | 8,072.50 | |
| Total Current Assets | £8,072.50 | £8,072.50 | |
| NET CURRENT ASSETS | £243,267.17 | £158,191.01 | |
| Creditors: amounts falling due within one year | |||
| Trade Creditors | |||
| Accounts Payable | 385.00 | 0.00 | |
| Grants Payable | -7,032.23 | -7,032.23 | |
| Total Trade Creditors | £ -6,647.23 | £ -7,032.23 | |
| Current Liabilities | |||
| Accrued Expenses | 0.00 | 0.00 | |
| VAT Liability | 0.00 | 0.00 | |
| Total Current Liabilities | £0.00 | £0.00 | |
| Total Creditors: amounts falling due within one year | £ -6,647.23 | £ -7,032.23 | |
| NET CURRENT ASSETS (LIABILITIES) | £249,914.40 | £165,223.24 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | £251,855.00 | £167,163.84 | |
| Creditors: amounts falling due after more than one year | |||
| Refundable Deposits Payable | -85.00 | -85.00 | |
| Total Creditors: amounts falling due after more than one year | £ -85.00 | £ -85.00 | |
| TOTAL NET ASSETS (LIABILITIES) | £251,940.00 | £167,248.84 |
Accrual Basis Monday, 30 January 2023 09:18 pm GMT+00:00
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lowhillcommunity association
Balance Sheet Comparison
As of March 31, 2022
| TOTAL | |||
|---|---|---|---|
| AS OF MAR 31, 2022 | AS OF MAR 31, 2021 (PP) | ||
| Charity funds | |||
| Centre Funds | 35,925.37 | 35,675.37 | |
| Reserve Funds | 40,000.00 | 40,000.00 | |
| Unrestricted Net Assets | 91,573.47 | 91,573.47 | |
| Surplus/(Deficit) | 84,441.16 | ||
| Total Charity funds | £251,940.00 | £167,248.84 |
Inspected by: Norma Kuambana Signed: Date: 30/01/2023
Accrual Basis Monday, 30 January 2023 09:18 pm GMT+00:00
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of On accounts for the year Charity no ended (if any)
Report to the trustees/ members of
Set out on pages
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DD / MM / YYYY .
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’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 [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
- Please delete the words in the brackets if they do not apply.
Signed: Name:
Date:
Oct 2018
IER
1
Relevant professional qualification(s) or body (if any):
Address:
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
Oct 2018
IER
2
IER Oct 2018