Charity number: 1190185
Speke Community Centre (The Commy) Independently Examined Accounts FOR THE YEAR ENDED 30/06/2021
Prepared By: Harvey Guinan LLP Chartered Certified Accountants 310/311 Vanilla Factory 39 Fleet Street Liverpool Merseyside L1 4AR
Speke Community Centre (The Commy)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30/06/2021
TRUSTEES
John Penketh Lisa Vanesa Hill Mark William Ord Leeona Green (Resigned 14 April 2021) Mary Rasmussen Doreen Knight
REGISTERED OFFICE
Speke Training and Education Centre Unit House Speke Boulevard Liverpool L24 9HZ
CHARITY NUMBER
1190185
BANKERS
Riverside Credit Union
INDEPENDENT EXAMINER Julie Guinan FCCA
Harvey Guinan LLP Chartered Certified Accountants 310/311 Vanilla Factory 39 Fleet Street Liverpool Merseyside L1 4AR
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Speke Community Centre (The Commy)
ACCOUNTS FOR THE YEAR ENDED 30/06/2021
| CONTENTS | |
|---|---|
| Page | |
| Report of the Trustees | 3 |
| Independent Examiner's Statement | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 to 15 |
| Detailed Statement of Financial Activities | 16 |
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Speke Community Centre (The Commy)
FOR THE YEAR ENDED 30/06/2021
TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 30/06/2021
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was the provision of facilities for social welfare for the benefit of the residents of Speke and the Neighbourhood.
STRUCTURE GOVERNANCE AND MANAGEMENT
Speke Community Centre (The Commy) became a registered Charitable Incorporated Organisation on 30 June 2020.
The financial statements have been prepared in accordance with the charity's Constitution, the Charities Act 2011, and 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).
The charity was established under a Constitution which established objects and powers of the charity and it is governed under its Constitution.
The Trustees set and approve the policy for the charity which is then implemented by the staff. The Committee meet every 6 to 8 weeks throughout the year and in between schedule meetings as required.
The Manager (Sue Webster) with her staff is responsible for the delivery of the Charity's Objectives and the day to day operational management of the Charity.
The remuneration of key personnel is benchmarked with Charities of a similar size and activity to ensure that the remuneration is set fairly and in line with that generally paid for similar roles.
Appointment of Trustees:
Trustees are elected annually at the Annual General Meeting.
No remuneration is paid to any Trustee for their services as a Trustee.
The Charity seeks to have a wide range of skills and experience on its Board, contained within a small number of individuals. Applications are welcome from potential Trustees regardless of, for example, ethnic origin or disability. Normally Trustees are recruited either by a referral by an existing member or by direct approaches from individuals.
Skills audits of Trustee members are conducted and any identified training needs provided. .All new Trustees are given a detailed introduction to the Charity and provided with key important documents including the Constitution, Financial Statements, Business Plan and Policy Statements.
OBJECTS OF THE CHARITY
Charitable Objects
The objects of Speke Community Centre (The Commy) are to further or benefit the residents of Speke and the Neighbourhood without distinction of sex, sexual orientation, race, or of political, religious or other opinions by associating together the said residents and local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of social welfare for sports, capable of improving physical health and fitness, recreation and leisure time occupation with the objective of improving the conditions of life for the residents. In furtherance of these objects but not otherwise the Trustees shall have power to establish or sercure the establishment of a Community Centre for activities promoted by the charity in furtherance of the above objects.
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Speke Community Centre (The Commy)
FOR THE YEAR ENDED 30/06/2021
TRUSTEES' REPORT
REVIEW OF ACHIEVEMENTS AND PERFORMANCE
Speke Community centre (The Commy) was established in June 2020 during the Covid lockdown and tiers with the intent of reducing isolation challenging poverty promoting well being (including mental well being ) and improving the quality of life of residents of Speke especially those with additional challenges attributable to age, infirmity, or physical isolation.
From September 2020 Trustees engaged a community coordinator and a volunteer activities coordinator. The aspirations of the Charity from the outset have faced adversity not only from the constraints to respond to covid 19 but especially because the home base for activities (Parklands Community Centre) was closed to the public for lengthy periods due to Council procurement and leasing arrangements. The Charity fulfilled its purpose by accessing alternative premises such as Metal Boxonians club and later Speke House, Dunnies Club and Speke Training and Education Centre.
In spite of these difficulties the aspiration to return to Speke Community Centre has remained as strong as ever and in the interim staff have made significant achievements in the following ways:
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Engagement of 70 active members
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Recruitment and training of a cohort of activity volunteers supporting activities such as cooking Bingo and wider social activities
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Staging of a series of monthly entertainment days with locally renowned artists performing
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Provision of craft activities such as sewing
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Organisation of Day excursions to Liverpool City Centre and sea side resorts
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Provision of nutritious meals in a luncheon club
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Mobile delivery service of meals during lockdowns
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Distribution of Winter Warmer Packs
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Contact Service for people in isolation such as telephone calls
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Access to advice from registered social landlords and the local member of Parliament
RELATED PARTIES
Details of transactions with Trustees are given in the notes to these accounts.
PUBLIC BENEFIT
How our activities deliver public benefit:
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Speke Community Centre (The Commy)
FOR THE YEAR ENDED 30/06/2021
TRUSTEES' REPORT
Our facilities and activities are accessible to all residents in the area we serve.
Speke Community Centre - (The Commy) provides accessible activities for social recreation and health promotion to all members of the Speke Community.
FINANCIAL REVIEW
The results for the year and the charity's position at 30 June 2021 are shown in the attached financial statements. Total incoming resources were £41,233 and total resources expended were £34,314 resulting in net incoming resources for the year of £6,919- net incoming resources on the unrestricted funds of £3,280 and net incoming resources on the restricted funds of £3,639.
The total funds on the Balance Sheet at 30 June 2021 were £6,919.
RISK MANAGEMENT
For each project we produce a detailed risk assessment. Monitoring of the identified risks is in place and the regularity of review for each is established. A fund raising strategy is in place to manage the financial risk of establishing a sustainable entity with sufficient resources to cover costs of charitable activity.
RESERVES POLICY
Though the charity operates on a not for profit basis the charity will endeavour to provide for financial stability and sustainability by maintaining a free reserve. Based upon 6 months' running costs the trustees estimate that the charity will require an ideal free reserve of £20,000 to sustain its operations at the current level over a period when one major funding stream ends and a new one commences. Actual free reserves at 30 June 2021 were £3,280 and current business plans indicate the Charity has sufficient resources for planned activity but fundraising and the development of the reserve is an objective for financial stability and sustainability as the Charity grows.
FUTURE PLANS
Future Plans
In the absence of a unified single Community Centre in Speke different venues have been accessed covering different parts of the Speke estate. It is the intention of the Trustees:
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To work with other Charities in order to reclaim the Community Centre for the Speke Community and
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To respect and support the sustainability of all members wherever they choose to meet in the Speke area in pursuit of the charitable objects.
2021 has been an incredibly difficult year for many charities and this has been especially true for Speke Community Centre ( The Commy) CIO in its infancy. However Trustees are clear that there is a need and whilst this remains, Trustees provide a commitment to dedicate themselves to support the residents of Speke by challenging poverty, promoting well being and overcoming isolation, raising the quality of life for all beneficiaries and contributing to the resilience and the sustainability of the Speke Community.
VOLUNTEERS
Volunteers are a valuable resource for the charity. This includes the Trustees, specific projects volunteers and individuals undertaking voluntary work for the Charity.
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Speke Community Centre (The Commy)
FOR THE YEAR ENDED 30/06/2021
TRUSTEES' REPORT
TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS
The Trustees are responsible for preparing the 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 the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and Applicable Law).
Under Charity Law the trustees must not approve the financial statements until they are satisfied that they give a true and fair view of the state of affairs of the charity and of the net incoming or outgoing resources of the charity for that period.
In preparing the 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 charities SORP;
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make judgments 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 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 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.
The names of the Trustees who held office during the year are noted on page 1.
APPROVAL
The report was prepared in accordance with the Charities Act 2011 and Statement of Recommended Practice FRS102 Accounting and Reporting by Charities.
This report was approved by the Board of Trustees on 14/10/2021
Mark William Ord Trustee
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Speke Community Centre (The Commy)
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 30/06/2021
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPEKE COMMUNITY CENTRE (THE COMMY)
I report on the accounts of the charity for the year ended 30/06/2021 .
RESPONSIBILITIES AND BASIS OF REPORT
As the Charity's Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 (the 2011 Act) and in carrying out my examination I have followed the applicable directions given by the Charity Commission under section 145 (5) (b) of the Act.
INDEPENDENT EXAMINERS STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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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.
...................................................Julie Guinan FCCA Independent Examiner
Date: 14/10/2021
Harvey Guinan LLP Chartered Certified Accountants 310/311 Vanilla Factory 39 Fleet Street Liverpool Merseyside L1 4AR 01517097797
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Speke Community Centre (The Commy)
Statement of Financial Activities for the year ended 30/06/2021
| Income Income from generated funds Donations and legacies Income from charitable activities Total Income Expenses Costs of generating funds Expenditure on Charitable activities Total Expenses Net Income Net movement in funds: Net income for the year Net funds carried forward |
Unrestricted funds £ 5,654 8,999 14,653 11,373 11,373 3,280 3,280 3,280 |
Restricted funds £ 250 26,330 26,580 22,941 22,941 3,639 3,639 3,639 |
2021 Total £ 5,904 35,329 |
|---|---|---|---|
| 41,233 | |||
| 34,314 | |||
| 34,314 | |||
| 6,919 6,919 |
|||
| 6,919 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
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| Speke Community Centre (The Commy) | 2021 £ 6,919 |
|
|---|---|---|
| BALANCE SHEET AT 30/06/2021 Notes CURRENT ASSETS Debtors (amounts falling due within one year) 4 Cash at bank and in hand CREDITORS: Amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Unrestricted funds 6 General fund Restricted funds 7 Approved by the board of trustees on 14/10/2021 and signed on their behalf by |
520 7,299 7,819 900 |
|
| 6,919 | ||
| 3,280 3,639 |
||
| 6,919 | ||
............................. Mark William Ord Trustee
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Speke Community Centre (The Commy)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30/06/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
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.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. 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.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1g.
The turnover is total charitable income. The charity is not registered for value added tax.
1h. Policy For Income Recognition
Items of income are recognised and included in the accounts when all of the following are met: (1) The charity has entitlement to the funds; (2) Any performance conditions attached to the income have been met or are fully within the control of the charity; (3) There is sufficient certainty that receipt of the income is considered probable and (4) The amount can be measured reliably.
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Speke Community Centre (The Commy)
1i. Policy For Cash At Bank And In Hand
Cash at bank and in hand includes cash and short term liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1j. Policy For Creditors And Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement value amount after allowing for any discount due.
1k. Policy For Financial Instruments
The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1l. Policy For Basis Of Preparing Accounts
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. They also confirm that the period considered in making this assessment was at least 12 months from the date of approval of these accounts. Hence the trustees continue to adopt the going concern basis of accounting in preparing the accounts. The impact of covid 19 has had an effect on the charity during the year and since the year end with reduced activity during periods of lockdown and restrictions in place at other times. The safety of staff, volunteers and the beneficiaries of the charity has been of paramount importance and the charity has adopted covid safe procedures and practices. The trustees have considered the impact of covid 19 and they have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
2. DIRECTORS AND EMPLOYEES
Particulars of employees (including directors) are shown below:
| Employee costs during the year amounted to: Wages and salaries The average weekly numbers of employees during the year were as follows: Management and administration No Trustee received any remuneration. |
2021 £ 16,906 16,906 2021 No. No. 2 2 |
|---|---|
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Speke Community Centre (The Commy)
| 3. EMPLOYEES Average number of employees No Trustee received any remuneration. 4. DEBTORS Amounts falling due within one year: Other debtors 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 6. UNRESTRICTED FUNDS General fund |
Brought forward £ - - |
Incoming resources £ 14,653 14,653 |
2021 No. 2 Outgoing resources Transfers £ £ (11,373) - (11,373) - |
2021 No. 2 Outgoing resources Transfers £ £ (11,373) - (11,373) - |
No. 2021 £ 520 |
|
|---|---|---|---|---|---|---|
| 520 | ||||||
| 2021 £ 900 |
||||||
| 900 | ||||||
| Carried forward £ 3,280 |
||||||
| - | 3,280 |
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Speke Community Centre (The Commy)
7. RESTRICTED FUNDS
| Grant Liverpool City Council Mayoral Fund Grant Liverpool City Council Grant Onward Homes Grant Lottery Awards For All LCVS CIF Fund Police Crime Commissioner (Proceeds of Crime) Grant Fords of Great Britain Trust |
Brought forward £ - - - - - - - - |
Incoming resources £ 1,191 12,500 1,300 7,700 2,639 1,000 250 26,580 |
Outgoing resources £ (1,191) (12,500) (1,300) (7,700) - - (250) (22,941) |
Transfers £ - - - - - - - - |
Carried forward £ - - - - 2,639 1,000 - |
|---|---|---|---|---|---|
| 3,639 |
Grant Liverpool City Council Mayoral Fund
Funds For activities
Grant Liverpool City Council
Community Resource Funds for Salaries
Grant Onward Homes
Funds for Sewing and activities
Grant Lottery Awards For All
Funds for activities
LCVS CIF Fund
Funds for activities
Police Crime Commissioner (Proceeds of Crime)
Funds for telephones for people in isolation
Grant Fords of Great Britain Trust
Funds for an activity
Grant Fords Trust
Funds for an activity
8. RELATED PARTY TRANSACTIONS
2 of the Trustees are elected members of Liverpool City Counci. The Charity received funds of £13,691 during the year from Liverpool City Council.
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Speke Community Centre (The Commy)
9. NET ASSETS BY FUND
| Unrestricted Funds |
Restricted Funds |
Total | |
|---|---|---|---|
| Net Current Assets | 3,280 | 3,639 | 6,919 |
| _ | _ | _ | |
| 3,280 | 3,639 | 6,919 | |
| _ | _ | _ |
10. RESOURCES EXPENDED
| 2021 | |
|---|---|
| Activity Costs | 14,949 |
| Premises | 480 |
| Staffing | 16,906 |
| Administration | 1,074 |
| Finance | 5 |
| Governance | 900 |
| _ | |
| 34,314 | |
| _ |
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Speke Community Centre (The Commy)
11. INCOMING RESOURCES
| 2021 | |
|---|---|
| Donations | 5,904 |
| Revenue Grants | 26,330 |
| Bingo | 1,997 |
| Cafe and Food | 3,321 |
| Membership | 635 |
| Shop Income | 2,206 |
| Sundry Activity | 61 |
| Ticket Income | 225 |
| Raffle Income | 152 |
| Mad Monday | 402 |
| _ | |
| 41,233 | |
| _ |
12. TAXATION
The Charity is exempt from corporation tax as all of its income is charitable and is applied for charitable putposes.
13. GENERAL INFORMATION
Speke Community Centre (The Commy) charity number 1190185 is a Charitable Incorporated Organisation that registered as a Charity 30 June 2020. Its registered office is Speke Training and Education Centre, Unit House, Speke Boulevard, Speke L24 9HZ. The Accounts are stated in Sterling the functional currency of the Charity.
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