Charity number: 1190185
Speke Community Centre (The Commy) Independently Examined Accounts FOR THE YEAR ENDED 30/06/2023
Prepared By: Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH
Speke Community Centre (The Commy)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30/06/2023
TRUSTEES
Lisa Vanessa Hill Mark William Ord Mary Rasmussen Doreen Knight
REGISTERED OFFICE
Speke Training and Education Centre Unit House, Speke Boulevard Liverpool L24 9HZ
CHARITY NUMBER
1190185
INDEPENDENT EXAMINER - Julie Guinan FCCA
Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH
page 1
Speke Community Centre (The Commy)
ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiner's Statement | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Accounts | 11 to 16 |
| Detailed Statement of Financial Activities | 17 |
page 2
Speke Community Centre (The Commy)
FOR THE YEAR ENDED 30/06/2023
TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 30/06/2023
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.
During the financial year 2021-22, this charity underwent a transition from its initial structure as an employing organisation to a charity without any paid staff which disseminates grants to community groups in Speke in furtherance of the charity's objects through the direct but voluntary endeavours of its Trustees.
The remuneration of key personnel was benchmarked with Charities of a similar size and activity to ensure that the remuneration was 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.
page 3
Speke Community Centre (The Commy)
FOR THE YEAR ENDED 30/06/2023
TRUSTEES' REPORT
REVIEW OF ACHIEVEMENTS AND PERFORMANCE
Having been established during the unprecedented challenges to life and wellbeing during 2020, the Speke Community Centre adopted a Foundation CIO structure with the aspiration to re-enter the area of Parklands designated as Speke Community Centre. Sadly, this aspiration has never been realised so the Trustees have advanced the main charitable objects of challenging isolation and reducing health inequalities with special focus upon older residents of Speke.
The Trustees adopted a model whereby one of their number works in the community to help identify the needs and requirements of different groups. These groups with their suggestions and ideas are then supported by the independent Trustee to write up ideas into formal project proposals which are submitted to a panel comprising the other three Trustees. These determine which project activities can be supported, amended or deferred.
The year from July 2022 to July 2023 was very fruitful with new partners such as 4Ever Active engaged with Speke Community Centre to support innovative project ideas. The Trustees were especially pleased to note how Speke groups collaborated cohesively to ensure the success of funded events.
The trustees are thankful to all funding partners and community supporters but especially extend their gratitude to Liverpool City Council for their support and understanding whilst the Trustees deliver programmes of activities on a peripatetic basis without a permanent delivery base.
During the year July 2022 to June 2023, the Trustees supported the following activities:
-
A joint project with Royal Liverpool Philharmonic Hall to fund 82 free concert tickets encompassing Christmas Celebration Events and the nostalgic Glenn Miller Orchestra
-
Support for Christmas and Easter celebration events for two pensioners groups in West Speke
-
A Coronation Celebration Event in West Speke
-
A Programme of Winter Physical Activities for veterans in East Speke
-
Keep Warm Winter resilience support for three local churches to offer social mornings etc.
-
An event for Grandparents in Speke organised through Five Children's and Families Trust
-
A Mother's Day Nutritious Meal Event
-
Support for fuel for the minibus for Speke's Harris Club for the Disabled to provide a door-to-door service for their weekly Friday night Social events at STEC
-
Short term bridging Continuity of therapy services for Veterans in East Speke
-
A major 60s Nostalgia Music Event
Over 80 support sessions involving 435 beneficiaries were delivered ranging from full excursions, celebration events to regular keep warm sessions including food relief. Ten partners participated in the local programme delivery ranging from Liverpool Philharmonic Hall, Senior Citizens Groups, Active Ageing Groups, local churches, disability charities, a family hub (focussing upon grandparents) and a veteran's charity.
During the year, all activities were delivered voluntarily, no Trustee was remunerated and the Registered Office was provided free of charge through the Speke Training & Education Centre (STEC) Social Space.
page 4
Speke Community Centre (The Commy)
FOR THE YEAR ENDED 30/06/2023
TRUSTEES' REPORT
RELATED PARTIES
Details of transactions with Trustees are given in the notes to these accounts.
PUBLIC BENEFIT
How our activities deliver public benefit:
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 2023 are shown in the attached financial statements. Total incoming resources were £10,000 (2022 £15,555) and total resources expended were £9,662 (2022 £18,624) resulting in net incoming resources for the year of £338 (2022 net outgoing £3,069) being net incoming resources on the unrestricted funds of £nil (2022 £570) and net incoming resources on the restricted funds of £338 (2022 net outgoing £3,639).
The total funds on the Balance Sheet at 30 June 2023 were £4,188.
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 £4,831 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 2023 were £4,188 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 continued to be accessed covering different parts of the Speke estate. It is still the intention of the Trustees:
-
To work with other Charities in order to reclaim the Community Centre for the Speke Community and
-
To respect and support the sustainability of all members wherever they choose to meet in the Speke area in pursuit of the charitable objects.
page 5
Speke Community Centre (The Commy)
FOR THE YEAR ENDED 30/06/2023
TRUSTEES' REPORT
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.
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:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the charities SORP;
-
make judgments and estimates that are reasonable and prudent;
-
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 29/04/2024
page 6
Speke Community Centre (The Commy)
FOR THE YEAR ENDED 30/06/2023 TRUSTEES' REPORT
Mark William Ord Trustee
page 7
Speke Community Centre (The Commy)
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 30/06/2023
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 30/06/2023 .
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:
-
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.
................................................... Julie Guinan FCCA - Independent Examiner
Date: 29/04/2024
Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH 0151 709 7797
page 8
Speke Community Centre (The Commy)
Statement of Financial Activities for the year ended 30/06/2023
| Income Income from generated funds 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 Total funds brought forward Net funds carried forward |
Unrestricted funds £ - - - - - - 3,850 3,850 |
Restricted funds £ 10,000 10,000 9,662 9,662 338 338 - 338 |
2023 Total £ 10,000 10,000 9,662 9,662 338 338 3,850 4,188 |
2022 Total £ 15,555 |
|---|---|---|---|---|
| 15,555 | ||||
| 18,624 | ||||
| 18,624 | ||||
| (3,069) | ||||
| (3,069) 6,919 |
||||
| 3,850 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
page 9
Speke Community Centre (The Commy)
BALANCE SHEET AT 30/06/2023
| Notes CURRENT ASSETS Cash at bank and in hand CREDITORS: Amounts falling due within one year 4 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Unrestricted funds 5 General fund Restricted funds 6 |
5,988 5,988 1,800 |
2023 £ 4,188 4,188 3,850 338 4,188 |
5,650 5,650 1,800 |
2022 £ 3,850 |
|---|---|---|---|---|
| 3,850 | ||||
| 3,850 - |
||||
| 3,850 |
Approved by the board of trustees on 29/04/2024 and signed on their behalf by
............................. Mark William Ord Trustee
page 10
Speke Community Centre (The Commy)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30/06/2023
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 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.
page 11
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.
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. |
2023 £ - - 2023 No. - - |
2022 £ 14,303 |
|---|---|---|
| 14,303 | ||
| 2022 No. 2 |
||
| 2 | ||
page 12
Speke Community Centre (The Commy)
3. EMPLOYEES
| Average number of employees No Trustee received any remuneration. 4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
2023 No. - 2023 £ 1,800 1,800 |
2022 No. 2 2022 £ 1,800 |
|---|---|---|
| 1,800 |
5. UNRESTRICTED FUNDS
| General fund | Brought forward £ 3,850 3,850 |
Incoming resources £ - - |
Outgoing resources £ - - |
Transfers £ - - |
Carried forward £ 3,850 |
|---|---|---|---|---|---|
| 3,850 |
page 13
Speke Community Centre (The Commy)
6. RESTRICTED FUNDS
Grant Liverpool City Council
| Brought forward £ - - |
Incoming resources £ 10,000 10,000 |
Outgoing resources £ (9,662) (9,662) |
Transfers £ - - |
Carried forward £ 338 |
|---|---|---|---|---|
| 338 |
Grant Liverpool City Council
Community Resource Funds
7. RELATED PARTY TRANSACTIONS
Two of the Trustees are elected members of Liverpool City Council. The Charity received funds of £10,000 during the year from Liverpool City Council.
8. NET ASSETS BY FUND
| Unrestricted Funds |
Restricted Funds |
Total | |
|---|---|---|---|
| Net Current Assets | 3,850 | 338 | 4,188 |
| _ | _ | _ | |
| 3,850 | 338 | 4,188 | |
| _ | _ | _ |
page 14
Speke Community Centre (The Commy)
9. RESOURCES EXPENDED
| 2023 | 2022 | |
|---|---|---|
| Activity Costs | 8,462 | 4,321 |
| Staffing | - | 13,403 |
| Governance | 1,200 | 900 |
| _ | __ | |
| 9,662 | 18,624 | |
| _ | __ | |
| 10. INCOMING RESOURCES | ||
| 2023 | 2022 | |
| Revenue Grants | 10,000 | 14,420 |
| Membership | - | 1,135 |
| _ | __ | |
| 10,000 | 15,555 | |
| _ | __ |
11. TAXATION
The Charity is exempt from corporation tax as all of its income is charitable and is applied for charitable putposes.
page 15
Speke Community Centre (The Commy)
12. 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.
page 16