REGISTERED CHARITY NUMBER: 1186705
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
FOR
LITTLECOATES COMMUNITY CENTRE
LITTLECOATES COMMUNITY CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
LITTLECOATES COMMUNITY CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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
We provide room hire for the local community. We have weekly Craft Clubs, Dancing, Slimming World, Popin for local residents, Bingo and Food Bank, as well as providing a place for parties to be held.
There is also a monthly Ward Surgery.
Public benefit
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities act when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We hold various events for the local community to attend, eg Halloween Disco, Xmas Party, Queens Jubilee.
FINANCIAL REVIEW
Reserves policy
We have a reserves policy of £5000 to cover the cost of any emergencies that might occur during the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document and constitutes a Charitable Incorporated Organisation.
Recruitment and appointment of new trustees
New trustees must be appointed by vote at a committee meeting.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1186705
Principal address
Littlecoates Community Centre St Michaels Road Littlecoates Grimsby DN34 5RY
Trustees
Mrs. L. Barber Mrs. E. Pettitt D Major Mrs. L Major Mrs. R Craggs Mrs. S. Davis
Independent Examiner
H. J. Spauls F.C.A 12 Abbey Road GRIMSBY DN32 0HL
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 1
LITTLECOATES COMMUNITY CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 30 June 2023 and signed on its behalf by:
D Major - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LITTLECOATES COMMUNITY CENTRE
Independent examiner's report to the trustees of Littlecoates Community Centre
I report to the charity trustees on my examination of the accounts of Littlecoates Community Centre (the Trust) for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Mrs. H. Spauls F.C.A.
H. J. Spauls F.C.A 12 Abbey Road GRIMSBY DN32 0HL
30 June 2023
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LITTLECOATES COMMUNITY CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| 31.8.22 | 31.8.21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Charitable activities | |||||
| Charitable activities | - | 5,726 | 5,726 | 5,467 | |
| Other trading activities | 2 | 7,516 | - | 7,516 | 1,718 |
| Total | 7,516 | 5,726 | 13,242 | 7,185 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Charitable activities | 6,245 | 3,537 | 9,782 | 4,351 | |
| NET INCOME | 1,271 | 2,189 | 3,460 | 2,834 | |
| Transfers between funds | 8 | 609 | (609) | - | - |
| Net movement in funds | 1,880 | 1,580 | 3,460 | 2,834 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 19,721 | - | 19,721 | 16,887 | |
| TOTAL FUNDS CARRIED FORWARD | 21,601 | 1,580 | 23,181 | 19,721 |
The notes form part of these financial statements
Page 4
LITTLECOATES COMMUNITY CENTRE
BALANCE SHEET
31 AUGUST 2022
| 31.8.22 | 31.8.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 5 | 6,646 | - | 6,646 | 7,129 | |
| CURRENT ASSETS | ||||||
| Debtors | 6 | 487 | - | 487 | 473 | |
| Cash at bank and in hand | 15,008 | 1,580 | 16,588 | 12,599 | ||
| 15,495 | 1,580 | 17,075 | 13,072 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 7 | (540) | - | (540) | (480) | |
| NET CURRENT ASSETS | 14,955 | 1,580 | 16,535 | 12,592 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 21,601 | 1,580 | 23,181 | 19,721 | ||
| NET ASSETS | 21,601 | 1,580 | 23,181 | 19,721 | ||
| FUNDS | 8 | |||||
| Unrestricted funds | 21,601 | 19,721 | ||||
| Restricted funds | 1,580 | - | ||||
| TOTAL FUNDS | 23,181 | 19,721 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2023 and were signed on its behalf by:
D Major - Trustee
The notes form part of these financial statements
Page 5
LITTLECOATES COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
Fixtures and fittings - 10% Straight Line
Taxation
The charity is exempt from 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.
2. OTHER TRADING ACTIVITIES
| 31.8.22 | 31.8.21 | |
|---|---|---|
| £ | £ | |
| Community activities | 7,516 | 1,718 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
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LITTLECOATES COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Charitable activities Charitable activities 5,467 - Other trading activities 1,718 - Total 7,185 - EXPENDITURE ON Charitable activities Charitable activities 4,351 - NET INCOME 2,834 - RECONCILIATION OF FUNDS Total funds brought forward 16,887 - TOTAL FUNDS CARRIED FORWARD 19,721 - 5. TANGIBLE FIXED ASSETS COST At 1 September 2021 Additions At 31 August 2022 DEPRECIATION At 1 September 2021 Charge for year At 31 August 2022 NET BOOK VALUE At 31 August 2022 At 31 August 2021 |
Total funds £ 5,467 1,718 7,185 4,351 2,834 16,887 19,721 Fixtures and fittings £ 10,511 609 11,120 3,382 1,092 4,474 6,646 7,129 |
Total funds £ 5,467 1,718 |
|---|---|---|
| 7,185 | ||
| 4,351 | ||
| 2,834 16,887 |
||
| 19,721 |
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LITTLECOATES COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.8.22 | 31.8.21 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Other debtors | 487 | 473 | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.8.22 | 31.8.21 | ||||
| £ | £ | ||||
| Other creditors | 540 | 480 | |||
| 8. | MOVEMENT IN FUNDS | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.9.21 | in funds | funds | 31.8.22 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 19,721 | 1,271 | 609 | 21,601 | |
| Restricted funds | |||||
| Food bank | - | 1,580 | - | 1,580 | |
| Other restricted funds | - | 609 | (609) | - | |
| - | 2,189 | (609) | 1,580 | ||
| TOTAL FUNDS | 19,721 | 3,460 | - | 23,181 | |
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 7,516 | (6,245) | 1,271 | ||
| Restricted funds | |||||
| Food bank | 2,700 | (1,120) | 1,580 | ||
| Other restricted funds | 3,026 | (2,417) | 609 | ||
| 5,726 | (3,537) | 2,189 | |||
| TOTAL FUNDS | 13,242 | (9,782) | 3,460 | ||
| Comparatives for movement in funds | |||||
| Net | |||||
| movement | At | ||||
| At 1.9.20 | in funds | 31.8.21 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 16,887 | 2,834 | 19,721 | ||
| TOTAL FUNDS | 16,887 | 2,834 | 19,721 |
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LITTLECOATES COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 7,185 | (4,351) | 2,834 |
| TOTAL FUNDS | 7,185 | (4,351) | 2,834 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.9.20 | in funds | funds | 31.8.22 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 16,887 | 4,105 | 609 | 21,601 |
| Restricted funds | ||||
| Food bank | - | 1,580 | - | 1,580 |
| Other restricted funds | - | 609 | (609) | - |
| - | 2,189 | (609) | 1,580 | |
| TOTAL FUNDS | 16,887 | 6,294 | - | 23,181 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 14,701 | (10,596) | 4,105 |
| Restricted funds | |||
| Food bank | 2,700 | (1,120) | 1,580 |
| Other restricted funds | 3,026 | (2,417) | 609 |
| 5,726 | (3,537) | 2,189 | |
| TOTAL FUNDS | 20,427 | (14,133) | 6,294 |
The food bank fund is grants received toward the cost of running a food bank.
Other restricted funds includes funding received toward the cost of decorating the centre, toward the purchase of kitchen equipment and toward the costs of holding a Christmas party.
Transfers between funds
Transfers into the general fund of £609 are in relation to assets that have been purchased from restricted income where the restrictions have been met.
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LITTLECOATES COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
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