nort
socia
church
centre
Northchurch Community Centre
Annual report and financial statements
Year ended 31 March 2023
Charity no 1180455
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
**Contents**
## **Contents**
|Legal and administrative information|2|
|---|---|
|Trustees’ annual report|3|
|Independent examiner’s report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9|
Registered charity no 1180455
**1**
**Legal & administrative information**
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
## **Legal and administrative information**
|**Charity name**|Northchurch Community Centre|Northchurch Community Centre|
|---|---|---|
|**Charity registration no**|1180455||
|**Registered office**|Northchurch Social Centre||
||Bell Lane||
||Berkhamsted, Hertfordshire||
||HP4 3RD||
|**Trustees**|Mr M Kitson|Chair|
||Mrs G Austin||
||Mr A Barker||
||Mr A Payne|(appointed 19 December 2022)|
|**Independent examiner**|Andy Nash Accounting & Consultancy Ltd||
||Units 24 & 25||
||Goodsheds Container Village||
||Hood Road||
||Barry||
||CF62 5QU||
|**Primary bankers**|Lloyds Bank plc||
||25 Gresham Street||
||London||
||EC2V 7HN||
Registered charity no 1180455
**2**
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
**Trustees’ annual report**
## **Trustees’ annual report**
The Board of Trustees submit their annual report and the financial statements of Northchurch Community Centre for the year ended 31 March 2023. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, including the Charity Act 2011, as well as the requirements of the Charity's governing document and the provisions of 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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **Objects**
The objects of the charity are:
- To promote the well-being of residents in Northchurch and surrounding areas by associating public authorities concerned, voluntary organisations, other parties and residents in a common effort to further health, to advance education, to provide facilities for physical and mental training and recreation, and social, moral and intellectual development, and to foster a community spirit for the achievement of these and other charitable objects; and,
- To maintain, manage and develop the community centre or to cooperate with any local statutory authority, authorities or other parties in the community in the maintenance and management of such a centre, for activities promoted by the association and its constituent bodies in furtherance of the foregoing objects or any of them.
The trustees have complied with the duty to have due regard to the public benefit guidance published by the Charity Commission with respect to planning and undertaking the activities outline above.
## **Achievements and performance**
This year has been the busiest ever for the Social Centre. We have been delighted to welcome more new groups and have seen annual footfall continue to be over 30,000. Compared to when the charity was reconstituted in 2018 the centre is now 50% busier than it was and addressing capacity remains our top priority.
surrounding asbestos. This £120,000 upgrade has not only left us fully watertight for the first time in about five years, but has significantly increased our insulation levels, substantially cutting our heating bill and carbon footprint, while also making the centre warmer for our users. We are deeply grateful to everyone who contributed financially to make this possible including Dorothy Webb who left an endowment in her will many years ago, Northchurch Parish Council and the National Lottery Community Fund Awards for All. We are now working towards a £200,000 fund to build an extension on the front of the centre to increase our capacity for more users. At the time of writing we have received planning permission for this and are more than half way towards our fundraising target. We are also exploring how to update our kitchen to allow more groups to include cooking and catering as part of their activities. We have received several requests for this and believe that better kitchen facilities will help to unlock a number of new activities.
During the year we have seen a number of important community initiatives. In September we held a community open day which invited our users to showcase their activities to local residents. The event allowed us to make new friends and talk to people about our plans for development and what they thought about the centre. This helped us to understand that our external communications needed much more attention. We also launched our weekly Warm Space initiative. Part of a national movement, we coordinated our activity with St Mary’s Church and Northchurch Baptist Church so that we could provide support at different times in the week in different parts of the village. Attendance levels were initially low but the activity has brought together volunteers and has led to the creation of our new Social Space initiative.
We continue to encourage more people to volunteer to help sustain our groups, committees and the trustee board. Volunteers are the lifeblood of any community asset. For us they help to both maintain the fabric and operation of the building as well as fulfilling part of our aim of bringing people together.
Many thanks go to our team, without whom the centre simply would not operate. In particular I would like to thank our centre manager, Linzi, and our cleaner, Frances, who together manage the day to day running of the centre – the very helpful people that our users see day after day. I would also like to thank our wider team including Andy Nash who manages our finances, Sean Tully who manages fundraising and Anna Foster who now manages our social media and communications. Together they have built a centre that is enjoyed by thousands and which now has the capacity to invest in its future.
Our programme of developments continued this year with the replacement of the roof in the Autumn, along with the safe removal of the old water tank and
Registered charity no 1180455
**3**
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
**Trustees’ annual report**
## **Financial Review**
During the current financial year the charity achieved a surplus after revaluation of investments of £57,515 (2022 - £87,168), increasing total reserves at year end to £286,815 (2022 - £229,300).
The increase in reserves is mainly due to a significant amount of spend on capital expenditure in the period - £118,324 in total. As a result, cash actually decreased in period from £137,743 to £94,228 as a result in the investment noted earlier in this report in significant improvements to the centre.
Of the total reserves held at year end £101,635 were unrestricted in nature (2022 - £77,660) although £70,801 (2022 - £Nil) was designated towards the future extension plan, resulting in general funds of £30,834 (2022 - £77,660).
## **Reserves Policy**
The policy of the trustees is to endeavour to ensure that the hiring charges in the year cover the estimated ongoing annual costs.
The DM Webb fund is held in reserve and may only be utilised should the trustees agree that major structural additions to the property are necessary to meet the Charities objectives. In the current year these funds were used to fund the capital costs relating to the redevelopment programme.
During the current period the Trustees agreed that the free reserves of the charity should be defined as the element of the general unrestricted fund that is not related to fixed assets. The minimum level of free reserves was set at £33,750 which is equivalent of 75% of the annual budget for the next year. As noted above, the general reserves at year end were £30,834 (2022: £77,660) which is slightly below this target.
## **Structure, Governance and Management**
## **Governing Document**
The charitable incorporated organisation was registered with the Charity Commission in England & Wales on 29 October 2018 and is governed by its constitution. All assets and liabilities of the old trust, Northchurch & District Association (charity number 236409), were transferred to the new charitable incorporated organisation as of 1 April 2019.
## **Recruitment and Appointment of Trustees**
Trustees are elected to the board of trustees at the annual general meeting and hold office for a term of three years. Trustees can only be appointed by the board of trustees. There are a minimum of 3 trustees and no maximum number.
## **Organisational structure**
The board of trustees are responsible for governance of the charity, but delegate day to day management of the centre to an administrator.
## **Statement of Board of Trustees’ Responsibilities**
The trustees are responsible for preparing the trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.
Charity law requires the trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the excess of income over expenditure for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website.
Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the trustees confirm that they are happy that the content of the annual review in pages 3-5 of this document as well as the legal and administrative details on page 2, meet the requirements of the trustees’ Annual Report under charity law.
Registered charity no 1180455
**4**
**Trustees’ annual report**
## **Northchurch Community Centre**
Annual report and financial statements Year ended 31 March 2023
They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.
This report was approved and authorised for issue by the Board of Trustees on 5 June 2023 and signed on its behalf by:
Mark Kitson
## **Chair**
Registered charity no 1180455
**5**
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
**Independent examiner’s report**
## **Independent examiner’s report to the board of trustees of Northchurch Community Centre**
I report to the trustees on my examination of the accounts of Northchurch Community Centre (charity number 1180455) for the year ended 31 March 2023 set out on pages 7 to 18.
## **Respective responsibilities of trustees and examiner**
The Charity's Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Charities Act). The Charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and,
- to state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the Charity’s Trustees as a body. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body for my examination work, for this report, or for the statements I have made.
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
- the accounts do not accord with those records; or
- the accounts do 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.
## **Andrew Nash ACA**
For and on behalf of Andy Nash Accounting & Consultancy Ltd
Member of the Institute of Chartered Accountants in England & Wales (no. 2461833)
Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU
Date: 26 June 2023
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Registered charity no 1180455
**6**
**Statement of financial activities**
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
## **Statement of financial activities**
## **For the year ended 31 March 2023**
**----- Start of picture text -----**
Unrestricted Endowment Restricted Total Total
Funds Funds Funds Funds Funds
Year ended Year ended Year ended Year ended Year ended
31 Mar 2023 31 Mar 2023 31 Mar 2023 31 Mar 2023 31 Mar 2022
Notes £ £ £ £ £
Income from:
Donations and legacies 3 20,195 - 51,800 71,995 69,957
Charitable activities 4 47,758 - - 47,758 44,723
Investment income 281 - 1,900 2,181 -
Total income 68,234 - 53,700 121,934 114,680
Expenditure on:
Raising funds 5 4,200 - - 4,200 1,110
Charitable activities -
Hall hirings 5 40,059 - 8,160 48,219 26,402
Total expenditure 44,259 - 8,160 52,419 27,512
Net income/(expenditure) 23,975 - 45,540 69,515 87,168
Net gains/(losses)
on investments 8 - - (12,000) (12,000) -
Net movement in funds 23,975 - 33,540 57,515 87,168
Reconciliation of funds:
Balance brought forward 10 & 11 77,660 93,390 58,250 229,300 142,132
Balance carried forward 10 & 11 101,635 93,390 91,790 286,815 229,300
**----- End of picture text -----**
The notes on pages 9 to 18 form part of the financial statements.
Registered charity no 1180455
**7**
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
**Balance sheet**
## **Balance sheet**
## **As at 31 March 2023**
**----- Start of picture text -----**
Total Total
Funds Funds
31 Mar 2023 31 Mar 2022
Notes £ £ £ £
Fixed assets:
Tangible fixed assets 7 146,361 36,197
Investments 8 48,150 58,250
Total fixed assets 194,511 94,447
Current assets
Cash at bank and in hand 94,228 137,743
Total current assets 94,228 137,743
Creditors - amounts falling due
within one year 9 (1,924) (2,890)
Net current assets 92,304 134,853
Net assets 286,815 229,300
Funds of the charity:
Restricted funds 10 & 11 91,790 58,250
Endowment funds 10 & 11 93,390 93,390
Unrestricted funds
General funds 10 & 11 30,834 77,660
Designated funds 10 & 11 70,801 -
101,635 77,660
286,815 229,300
**----- End of picture text -----**
The notes on pages 9 to 18 form part of the financial statements.
These financial statements were approved and authorised for issue by the Board of Trustees on 5 June 2023 and signed on their behalf by:
Mark Kitson
## **Chair**
Registered charity no 1180455
**8**
**Notes to the financial statements**
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
## **Notes to the financial statements**
## **1. Accounting policies**
## **Basis of preparation of the financial statements**
The financial statements have been prepared in accordance with ‘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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The effect of any event relating to the period ended 31 March 2023, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2023 and the results for the year ended on that date.
## The functional currency of the charity is sterling.
The amounts in the financial statements are rounded to the nearest pound.
Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
## **Going concern**
The financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment.
## **Legal status**
Northchurch Community Centre is a charitable incorporated organisation registered in England and Wales and meets the definition of a public benefit entity. In the event of the Charity being wound up, the trustees of the Charity hold no liability. The registered address is Northchurch Social Centre, Bell Lane, Berkhamsted, Hertfordshire, HP4 3RD.
## **Fund Accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
specific fund. The aim and use of each restricted fund is set out in note 10 of the financial statements.
## **Income**
Income is recognised when the charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.
Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future period, in which case it is deferred.
Income from charitable activities, including rental income, is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific future period or event, in which case it is deferred.
## Interest is recorded when it is receivable.
Dividends are accounted for when due, and tax recoverable on such income is accounted for based on the repayment due in the fiscal year ending in that accounting year.
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at the period end.
## **Expenditure and irrecoverable VAT**
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.
Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated directly to charitable activities as any fundraising costs relate to external support and require no administrative support. A breakdown of these expenses is outlined in note 5 of the financial statements.
Irrecoverable VAT is charged against the category of expenditure for which it was incurred.
Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the
Registered charity no 1180455
**9**
**Notes to the financial statements**
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
## **Tangible fixed assets and depreciation**
All assets costing more than £500 are capitalised and stated at cost. Depreciation is not provided on the land as useful life of the land is deemed to be indefinite.
Depreciation on all other assets is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their useful life, on a straightline basis. The useful life used is:
Property improvements 10 years Fixtures & fittings 3 years
## **Creditors and accruals**
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.
## **Financial instruments**
Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.
## **Investments**
## **Critical estimates and judgements**
Investments are initially measured at their cost and subsequently measured at their fair value at each reporting date, which gives rise to unrealised gains/losses at the end of the financial period which is reflected in the SOFA. Realised gains/losses are calculated as the difference between the sales proceeds and the opening carrying value or the purchase price if acquired during the financial period. Partial disposals are accounted for using the average value. Fair value is based on the quoted price at the balance sheet date without deduction of estimated future selling costs.
## **Cash at bank and in hand**
In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. The treatment of tangible fixed assets is sensitive to changes in useful economic lives and residual values of assets. These are reassessed annually.
In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.
Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes.
## **Debtors and prepayments**
Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.
Registered charity no 1180455
**10**
**Notes to the financial statements**
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
## **2. Comparative statement of financial activities**
|**Comparative statement of financial activities**|**Comparative statement of financial activities**|**Comparative statement of financial activities**|**Comparative statement of financial activities**|**Comparative statement of financial activities**|
|---|---|---|---|---|
|Unrestricted
Endowment
Restricted
Total
Funds
Funds
Funds
Funds
Year ended
Year ended
Year ended
Year ended
31 Mar 2022
31 Mar 2022
31 Mar 2022
31 Mar 2022
Notes
£
£
£
£
**Income from:**
Donations and legacies
3
11,707
-
58,250
69,957
Charitable activities
4
44,723
-
-
44,723
Investment income
-
-
-
-|||||
|**Total income**
**Expenditure on:**
Raising funds
5
Charitable activities -
Hall hirings
5
**Total expenditure**
**Net income/(expenditure)**
Net gains/(losses)
on investments
8
**Net movement in funds**
**Reconciliation of funds:**
Balance brought forward
10 & 11
**Balance carried forward**
10 & 11|56,430
1,110
26,402
27,512
28,918
-
28,918
48,742
77,660|-
-
-
-
-
-
-
93,390
93,390|58,250
-
-
-
58,250
-
58,250
-
58,250|114,680
1,110
26,402
27,512
87,168
-
87,168
142,132
229,300|
Registered charity no 1180455
**11**
**Notes to the financial statements**
Annual report and financial statements Year ended 31 March 2023
## **Northchurch Community Centre**
## **3. Income from donations and legacies**
**----- Start of picture text -----**
Unrestricted Endowment Restricted Total
Funds Funds Funds Funds
Year ended Year ended Year ended Year ended
31 Mar 2023 31 Mar 2023 31 Mar 2023 31 Mar 2023
£ £ £ £
Grants - - 51,800 51,800
Other donations and income 20,195 - - 20,195
20,195 - 51,800 71,995
Unrestricted Endowment Restricted Total
Funds Funds Funds Funds
Year ended Year ended Year ended Year ended
31 Mar 2022 31 Mar 2022 31 Mar 2022 31 Mar 2022
- -
COVID-19 support grants 11,707 11,707
Other donations and income - - 58,250 58,250
11,707 - 58,250 69,957
**----- End of picture text -----**
## **4. Income from charitable activities**
|**Unrestricted**
**Endowment**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Year ended**
**Year ended**
**Year ended**
**Year ended**
**31 Mar 2023**
**31 Mar 2023**
**31 Mar 2023**
**31 Mar 2023**
**£**
**£**
**£**
**£**
Hiring receipts
**47,758**
**-**
**-**
**47,758**
**47,758**
**-**
**-**
**47,758**|**Unrestricted**
**Endowment**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Year ended**
**Year ended**
**Year ended**
**Year ended**
**31 Mar 2023**
**31 Mar 2023**
**31 Mar 2023**
**31 Mar 2023**
**£**
**£**
**£**
**£**
Hiring receipts
**47,758**
**-**
**-**
**47,758**
**47,758**
**-**
**-**
**47,758**|**Unrestricted**
**Endowment**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Year ended**
**Year ended**
**Year ended**
**Year ended**
**31 Mar 2023**
**31 Mar 2023**
**31 Mar 2023**
**31 Mar 2023**
**£**
**£**
**£**
**£**
Hiring receipts
**47,758**
**-**
**-**
**47,758**
**47,758**
**-**
**-**
**47,758**|**Unrestricted**
**Endowment**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Year ended**
**Year ended**
**Year ended**
**Year ended**
**31 Mar 2023**
**31 Mar 2023**
**31 Mar 2023**
**31 Mar 2023**
**£**
**£**
**£**
**£**
Hiring receipts
**47,758**
**-**
**-**
**47,758**
**47,758**
**-**
**-**
**47,758**|**Unrestricted**
**Endowment**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Year ended**
**Year ended**
**Year ended**
**Year ended**
**31 Mar 2023**
**31 Mar 2023**
**31 Mar 2023**
**31 Mar 2023**
**£**
**£**
**£**
**£**
Hiring receipts
**47,758**
**-**
**-**
**47,758**
**47,758**
**-**
**-**
**47,758**|
|---|---|---|---|---|
|Unrestricted
Endowment
Restricted
Total
Funds
Funds
Funds
Funds
Year ended
Year ended
Year ended
Year ended
31 Mar 2022
31 Mar 2022
31 Mar 2022
31 Mar 2022
£
£
£
£
Hiring receipts
44,723
-
-
44,723|||||
||44,723|-|-|44,723|
Registered charity no 1180455
**12**
**Notes to the financial statements**
Annual report and financial statements Year ended 31 March 2023
## **Northchurch Community Centre**
## **5. Total expenditure**
**----- Start of picture text -----**
Unrestricted Endowment Restricted Total
Funds Funds Funds Funds
Year ended Year ended Year ended Year ended
31 Mar 2023 31 Mar 2023 31 Mar 2023 31 Mar 2023
£ £ £ £
Raising funds 4,200 - - 4,200
Charitable activities
Staff costs 15,622 - - 15,622
Repairs and upkeep of premises 4,915 - - 4,915
Repairs and renewals of equipment 1,744 - - 1,744
Depreciation of fixtures and fittings - - 8,160 8,160
Utilities 9,428 - - 9,428
Other office costs 3,316 - - 3,316
Governance costs 5,034 - - 5,034
Charitable activities 40,059 - 8,160 48,219
44,259 - 8,160 52,419
**----- End of picture text -----**
**----- Start of picture text -----**
Unrestricted Endowment Restricted Total
Funds Funds Funds Funds
Year ended Year ended Year ended Year ended
31 Mar 2022 31 Mar 2022 31 Mar 2022 31 Mar 2022
£ £ £ £
- -
Fundraising support 1,110 1,110
Charitable activities
Staff costs 13,683 - - 13,683
- -
Repairs and upkeep of premises 2,802 2,802
Repairs and renewals of equipment 763 - - 763
Depreciation of fixtures and fittings 500 - - 500
Utilities 2,292 - - 2,292
Other office costs 2,211 - - 2,211
Governance costs 4,151 - - 4,151
Charitable activities 26,402 - - 26,402
27,512 - - 27,512
**----- End of picture text -----**
Governance costs includes:
|**Total**
Total
**Funds**
Funds
**Year ended**
Year ended
**31 Mar 2023**
31 Mar 2022
**£**
£
Independent examination
**930**
900
Other professional fees
**971**
406|**Total**
Total
**Funds**
Funds
**Year ended**
Year ended
**31 Mar 2023**
31 Mar 2022
**£**
£
Independent examination
**930**
900
Other professional fees
**971**
406|**Total**
Total
**Funds**
Funds
**Year ended**
Year ended
**31 Mar 2023**
31 Mar 2022
**£**
£
Independent examination
**930**
900
Other professional fees
**971**
406|
|---|---|---|
|
Insurance|**3,133**|2,845|
||**5,034**|4,151|
Registered charity no 1180455
**13**
**Notes to the financial statements**
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
## **6. Staff costs**
**----- Start of picture text -----**
Total Total
Funds Funds
Year ended Year ended
31 Mar 2023 31 Mar 2022
£ £
Gross salaries 15,347 13,453
Employers pension 275 230
15,622 13,683
**----- End of picture text -----**
The average headcount during the period was 2 persons (2022 – 2 persons).
No employee received employee benefits of more than £60,000 (2022 – Nil) and no employee constituted key management personnel (2022 – Nil).
## **7. Tangible fixed assets**
**----- Start of picture text -----**
Property Fixtures & Freehold Total
improvements fittings land assets
Cost
As of 1 April 2022 2,820 9,000 24,877 36,697
Additions in period 115,168 3,156 - 118,324
As of 31 March 2023 117,988 12,156 24,877 155,021
Accumulated depreciation
As of 1 April 2022 - 500 - 500
Charge in period 3,933 4,227 - 8,160
As of 31 March 2023 3,933 4,727 - 8,660
Net book value
As of 1 April 2022 2,820 8,500 24,877 36,197
As of 31 March 2023 114,055 7,429 24,877 146,361
**----- End of picture text -----**
Registered charity no 1180455
**14**
**Notes to the financial statements**
Annual report and financial statements Year ended 31 March 2023
## **Northchurch Community Centre**
## **8. Fixed asset investments**
**----- Start of picture text -----**
Total Total
Funds Funds
31 Mar 2023 31 Mar 2022
£ £
-
Market value brought forward 58,250
Additions at cost - 58,250
Dividends received 1,900 -
-
Net gains/(losses) in period (12,000)
Market value carried forward 48,150 58,250
Analysis of market value of investments by investment type:
Total Total
Funds Funds
31 Mar 2023 31 Mar 2022
£ £
UK listed equities 46,250 58,250
-
Other funds including cash 1,900
48,150 58,250
**----- End of picture text -----**
Analysis of market value of investments by investment type:
## **9. Creditors – amounts falling due within one year**
**----- Start of picture text -----**
Total Total
Funds Funds
31 Mar 2023 31 Mar 2022
£ £
Accruals 1,014 1,002
Rental deposits 805 1,815
Other creditors 105 73
1,924 2,890
**----- End of picture text -----**
Registered charity no 1180455
**15**
**Notes to the financial statements**
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
## **10. Analysis of charity funds**
**----- Start of picture text -----**
Balance Income Amounts Transfer Gains/ Balance
brought received expended between (losses) on carried
forward in year in year funds revaluation forward
Year ended Year ended Year ended Year ended Year ended Year ended
31 Mar 2023 31 Mar 2023 31 Mar 2023 31 Mar 2023 31 Mar 2023 31 Mar 2023
£ £ £ £ £ £
Unrestricted funds
General funds 77,660 67,953 (44,259) (70,520) - 30,834
Designated funds
Major repairs - 281 - 70,520 - 70,801
Total designated funds - 281 - 70,520 - 70,801
Total unrestricted funds 77,660 68,234 (44,259) - - 101,635
Restricted funds
Refurbishment 58,250 53,700 (8,160) - (12,000) 91,790
Total restricted funds 58,250 53,700 (8,160) - (12,000) 91,790
Endowment funds
DM Webb capital fund 68,513 - - - - 68,513
Building fund 24,877 - - - - 24,877
Total endowment funds 93,390 - - - - 93,390
Total funds 229,300 121,934 (52,419) - (12,000) 286,815
**----- End of picture text -----**
## **Designated funds**
The designated fund consists of funds that the trustees have put aside to support the ongoing building work and major repairs to the centre.
## **Restricted funds**
During the year the trustees received a donation of shares which are to be used to support the redevelopment of the site once the plans have been confirmed.
## **Endowment funds**
The capital fund of the DM Webb fund is held in reserve and may only be utilised should the trustees agree that major structural additions to the property are necessary to meet the Charities objectives. Any investment income not spent in the year must be held in a restricted reserve for use on future redecoration/refurbishment.
The building fund represents the value of the freehold land.
Registered charity no 1180455
**16**
**Notes to the financial statements**
Annual report and financial statements Year ended 31 March 2023
## **Northchurch Community Centre**
## **10. Analysis of charity funds (continued from previous page)**
**----- Start of picture text -----**
Balance Income Amounts Transfer Transfer Balance
brought received expended between between carried
forward in year in year funds funds forward
Year ended Year ended Year ended Year ended Year ended Year ended
31 Mar 2022 31 Mar 2022 31 Mar 2022 31 Mar 2022 31 Mar 2022 31 Mar 2022
£ £ £ £ £ £
Unrestricted funds
General funds 48,742 56,430 (27,512) - - 77,660
Total unrestricted funds 48,742 56,430 (27,512) - - 77,660
Restricted funds
Refurbishment - 58,250 - - - 58,250
Total restricted funds - 58,250 - - - 58,250
Endowment funds
- - - -
DM Webb capital fund 68,513 68,513
- - - -
Building fund 24,877 24,877
Total endowment funds 93,390 - - - - 93,390
Total funds 142,132 114,680 (27,512) - - 229,300
**----- End of picture text -----**
## **11. Analysis of net assets**
**----- Start of picture text -----**
Unrestricted Endowment Restricted Total
Funds Funds Funds Funds
31 Mar 2023 31 Mar 2023 31 Mar 2023 31 Mar 2023
£ £ £ £
Fixed assets 9,331 93,390 91,790 194,511
Current assets 94,228 - - 94,228
Current liabilities (1,924) - - (1,924)
101,635 93,390 91,790 286,815
Unrestricted Endowment Restricted Total
Funds Funds Funds Funds
31 Mar 2022 31 Mar 2022 31 Mar 2022 31 Mar 2022
£ £ £ £
Fixed assets 8,500 27,697 58,250 94,447
Current assets 72,050 65,693 - 137,743
Current liabilities (2,890) - - (2,890)
77,660 93,390 58,250 229,300
**----- End of picture text -----**
Registered charity no 1180455
**17**
**Notes to the financial statements**
**Northchurch Community Centre** Annual report and financial statements Year ended 31 March 2023
## **12. Trustee remuneration**
During the year, no trustee received any remuneration (2022 - £Nil). No members of the Board of Trustees received reimbursement of expenses related to attendance at trustee meetings (2022 - £Nil).
## **13. Related party transactions**
During the year there were no related party transactions (2022 - £Nil) other than total unrestricted donations from trustees of £20,000 (2022 - £Nil).
Registered charity no 1180455
**18**