## **Loughborough Wellbeing Centre CIO**
**Charity No. 1192208**
**Company No.**
**Trustees' Report and Unaudited Accounts**
**31 December 2023**
**Loughborough Wellbeing Centre CIO Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report||2|
|Independent Examiner's Report||6|
|Statement of Financial Activities||7|
|Summary Income and Expenditure Account||8|
|Balance Sheet||9|
|Notes to the Accounts|10 to|17|
|Detailed Statement of Financial Activities|18 to|19|
Page 1
**Loughborough Wellbeing Centre CIO Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No.**
## **Charity No. 1192208**
## **Principal Office**
Loughborough Wellbeing Centre Ground Floor, Asha House 63 Woodgate Loughborough LE11 2TZ
## **Registered Office**
Ground Floor Asha House Woodgate Loughborough LE11 2TZ
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
J.L. Bagley (Resigned 1 June 2024) M. Bailey L. Holding (Resigned 30 November 2023) N. Morgan of Cotes (Resigned 31 July 2024) K. Poyser (Resigned 17 March 2023) P. Ranson (Resigned 1 June 2024) N. Simpson
## **Key Management Personnel**
The Rt Hon Baroness (Nicky) Morgan of Cotes Chair (Chair) Operations Helen Carter
## **Accountants**
I Hate Numbers Limited Forester Building 29-35 St Nicholas Place Leicester LE1 4LD
Page 2
**Loughborough Wellbeing Centre CIO Trustees Annual Report**
## **Bankers**
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
## **Solicitors**
Latham & Co 2 Forest Road Loughborough Leicestershire LE11 3NP
## **OBJECTIVES AND ACTIVITIES**
The relief of persons in Leicestershire and its environs who are experiencing or have experienced mental health problems through the provision of in particular, but not exclusively, drop-in cafes in an effort to build self-esteem, independence and sense of well-being.
The strategies employed to achieve the charity’s aims and objectives and our major activities to achieve them are as described in the Chair’s report below. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **TRUSTEES REPORT AND REVIEW**
We are pleased to present our annual report for 2023/4, a year of growth as a Charity with the appointment of 2 new members of staff to support our CEO thanks to the grant funding from the National Lottery Community Funding.
We welcomed our new part time Administrator in March who has brought their previous experience to their role, which has been greatly appreciated. In May, we also welcomed our new Centre Manager who has taken the helm of day-to-day operations which has enabled the CEO to build on their Mental health partnership work within Leicestershire, Leicester and Rutland (LLR).
We are thankful to the Tudor Trust for their continued support with funding for our CEO which has enabled them to concentrate on supporting the ongoing work across LLR in improving and delivering Mental Health Services at a local level.
We have developed partnerships with over 25 partner Voluntary and Community Sector organisations across Leicestershire, Leicester and Rutland in this year, which has enhanced the offer from our Wellbeing Centre for the local community. We have seen an increase in demand for our services, and throughout the year have seen a steady increase in new people accessing our support and activities.
Our Veterans Wellbeing Hub has thrived during this year and the veterans have taken part in several activities to support their mental wellbeing including working with Waterloo Uncovered with a Finds project from the Battle of Waterloo. This series of sessions was extremely well attended and included a visit to Chelsea Barracks for four of our veterans who took part in the Chelsea History Festival.
Page 3
## **Loughborough Wellbeing Centre CIO**
## **Trustees Annual Report**
A new area of work for us has been the ‘De-Stress’ club for young people aged 11-14 years, working in partnership with Re-Wilders CIC Ltd (now renamed as Regul-8 CIC Ltd). This work was funded by a kind donation from Loughborough Roundtable and enabled us to respond quickly to a growing need for support within this age group that had been prioritised by the Charnwood Mental Health Action Group that our CEO chairs.
Through a Shire Grant fund from Leicestershire County Council, we have begun outreach work in Sileby, which had very little provision locally to support people’s mental health within the community. Through this funding we began regular Wellbeing Café’s twice a month, where several activities, including Mindfulness, Creative sessions and talks have taken place at the local library. This was a partnership between us and the local Primary Care Network Team, with support from the local GP Practices Social Prescribers. Patients who were isolated and in need of additional support were referred and assisted to attend the sessions which are now well established. untary and Community Sector organisations too.
We couldn’t end this report without mentioning our trustees who have volunteered their time over the past year, helping to keep our little ship sailing on a straight and narrow course. This includes those who have joined us in 2024 and those who have stood down after years of voluntary service, including The Rt Hon Baroness Morgan of Cotes or Nicky as we know her! A huge thank you to them all and of course to all our amazing volunteers who support us in so many ways and without whom we would struggle to deliver our crucial service.
All in all, 2023 has been a year of steady growth for the Charity and the development of closer working relationships with local community groups has been a great achievement by the team.
Finally, a big thank you to our passionate and driven CEO and the wonderful team of staff and volunteers at the LWC, I know I speak for all of the Trustees when I say we are very much looking forward to what the next year brings.
## **ACHIEVEMENTS AND PERFORMANCE**
Achievements and performance during the year to further the charity’s purposes for the public benefit are stated in the Trustees report above
## **Our approach to fundraising activities**
The charity has been successful in several grant funding applications and will continue to do this as the charity continues to grow in the next period. Fundraising activities including events, and through online funding opportunities will continue to be utilised to enable the charity to raise its own funds as part of the strive to become less grant funding dependant as part of our sustainability.
## **FINANCIAL REVIEW**
Income for the year was £252,922, made up of grants and donations which was 135% up on the previous year. After the payment of premises costs, employee costs and other costs there was £163,825 spent on charitable activities, £12,913 on fund generation, and £18,770 on other expenditure.
There was a surplus of £57,414 for the year to 31-Dec-23. Funds bought from forward from Jan 23 were £69,072, total funds at year end to take forward were £126,486.
The Trustees review the charity’s need for reserves regularly, in line with guidance issued by the Charity Commission. The charity’s reserves comprise restricted funds to be used for specified purposes laid down by the donor, designated funds for specific purposes, and general reserves to provide working capital and to secure the continuity of the charity’s activities in the future.
The trustees believe that an amount equal to 6 months of operating expenditure included in the 2023/24 operating plan would be appropriate
Page 4
**Loughborough Wellbeing Centre CIO Trustees Annual Report**
## Risk management
The trustees have a risk management strategy which comprises: an annual review of the principal risks and uncertainties that the charity faces; the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
The trustees believe that there are currently no significant risks without appropriate mitigation that warrant inclusion in the annual report.
## **PLANS FOR FUTURE PERIODS**
A larger charity must provide a summary of the charity's plans for the future including its aims and objectives and details of any plans to achieve them ...
A larger charity's report should explain the trustees perspective of the future direction of the charity...
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Loughborough Wellbeing Centre is a Charitable Incorporated Organisation incorporated in England and Wales on 6 November 2020. The charity’s governing document is its constitution which follows the Charity Commission guidelines for a Charitable Incorporated Organisation (Foundation Structure) who’s only voting members are its trustees.
2 Trustees retired in 2023. Trustees may be appointed to the Board at any time by the Trustees. In selecting individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
The Trustees are responsible for keeping proper accounting records that 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 Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
N. Simpson Trustee 26 October 2024
Page 5
**Loughborough Wellbeing Centre CIO Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Loughborough Wellbeing Centre CIO**
I report to the charity trustees on my examination of the financial statements of Loughborough Wellbeing Centre CIO for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of FCCA, Chartered Institute of Certified Accountant, which is one of the listed bodies.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Mahmood Reza FCCA, Chartered Institute of Certified Accountant I Hate Numbers Limited Forester Building 29-35 St Nicholas Place Leicester
LE1 4LD 26 October 2024
Page 6
**Loughborough Wellbeing Centre CIO Statement of Financial Activities**
## **for the year ended 31 December 2023**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Other trading activities
5
Investments
6
**Total**
**Expenditure on:**
Raising funds
7
Charitable activities
8
Other
9
**Total**
Net gains on investments
**Net income**
10
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
51,359
29,794
150|**Restricted**
**funds**
**2023**
**£**
171,618
-
-|**Total funds**
**2023**
**£**
222,977
29,794
150|**Total funds**
**2022**
**£**
150,290
36,668
26|
|---|---|---|---|---|
||81,303
4,933
12,249
17,484|171,618
7,980
151,576
1,285|252,921
12,913
163,825
18,769|186,984
4,140
126,546
14,755|
||34,666
-|160,841
-|195,507
-|145,441
-|
||46,637
-|10,777
-|57,414
-|41,543
-|
||46,637|10,777|57,414|41,543|
||46,637
13,416|10,777
55,656|57,414
69,072|41,543
27,529|
||60,053|66,433|126,486|69,072|
Page 7
**Loughborough Wellbeing Centre CIO Summary Income and Expenditure Account**
## **for the year ended 31 December 2023**
|Income
Net losses on investments
Interest and investment income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2023**
**£**
252,771
-
150
252,921
186,556
8,951
195,507
57,414
57,414|**2022**
**£**
186,957
(1)
26|
|---|---|---|
|||186,982|
|||142,318
3,122|
|||145,440|
|||41,542|
|||41,542|
Page 8
**Loughborough Wellbeing Centre CIO Balance Sheet**
## **at 31 December 2023**
|**Company No.**
**Notes**
**2023**
**£**
**Fixed assets**
Tangible assets
12
19,179
19,179
**Current assets**
Stocks
13
4,200
Debtors
14
362
Cash at bank and in hand
106,083
110,645
**Creditors:**Amount falling due within one year
15
(3,338)
**Net current assets**
107,307
**Total assets less current liabilities**
126,486
**Net assets excluding pension asset or liability**
126,486
**Total net assets**
126,486
**The funds of the charity**
**Restricted funds**
16
Restricted income funds
66,433
66,433
**Unrestricted funds**
16
General funds
60,053
60,053
**Reserves**
16
**Total funds**
126,486|**2022**
**£**
6,514|
|---|---|
||6,514
7,000
-
59,843|
||66,843
(4,285)|
||62,558
69,072|
||69,072|
||69,072|
||55,656|
||55,656
13,416|
||13,416|
||69,072|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 26 October 2024
And signed on its behalf by:
N. Simpson Trustee
26 October 2024
Page 9
**Loughborough Wellbeing Centre CIO Notes to the Accounts**
## **for the year ended 31 December 2023**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 10
**Loughborough Wellbeing Centre CIO Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment 25 % Reducing balance Fixtures and fittings 33 % Fixtures and fittings
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 11
**Loughborough Wellbeing Centre CIO Notes to the Accounts**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions 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. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 12
**Loughborough Wellbeing Centre CIO Notes to the Accounts**
## 3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**|||||
|---|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Other trading activities
Investments
Other
**Total**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Grants and donations
5
**Income from other trading activities**
Shop and product sales
Venue hire|**Unrestricted**
**£**
51,359
51,359|**Unrestricted**
**funds**
**2022**
**£**
45,153
36,668
26
5,000
86,847
4,020
41,135
28,275
73,430
(1)
13,416
13,416
13,416
-
13,416
**Restricted**
**£**
171,618
171,618
**Unrestricted**
**£**
7,395
22,399
29,794|**Restricted**
**funds**
**2022**
**£**
100,136
-
-
-
100,136
120
68,765
3,126
72,010
-
28,126
28,126
28,126
27,529
55,655
**Total**
**2023**
**£**
222,977
222,977
**Total**
**2023**
**£**
7,395
22,399
29,794|**Total funds**
**2022**
**£**
145,289
36,668
26
5,000|
|||||186,983
4,140
109,900
31,400|
|||||145,440
(1)|
|||||41,542|
|||||41,542|
|||||41,542
27,529|
|||||69,071|
|||||**Total**
**2022**
**£**
150,290|
|||||150,290|
|||||**Total**
**2022**
**£**
36,668
-|
|||||36,668|
Page 13
**Loughborough Wellbeing Centre CIO Notes to the Accounts**
## 6 **Income from investments**
|Interest Income
7
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
Grants and donations
_Fundraising trading costs_
Shop and product sales
8
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Salaries and Wages
Premises costs
Staff welfare, user events,
training and travel
Other
_Governance costs_
9
**Other expenditure**
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs|**Unrestricted**
**£**
1,075
3,858
4,933
**Unrestricted**
**£**
8,711
1,464
1,229
845
12,249
**Unrestricted**
**£**
-
2,241
8,951
2,212
4,080
17,484|**Unrestricted**
**£**
150
150
**Restricted**
**£**
-
7,980
7,980
**Restricted**
**£**
122,195
27,504
1,302
575
151,576
**Restricted**
**£**
-
-
-
1,285
-
1,285|**Total**
**2023**
**£**
150
150
**Total**
**2023**
**£**
1,075
11,838
12,913
**Total**
**2023**
**£**
130,906
28,968
2,531
1,420
163,825
**Total**
**2023**
**£**
-
2,241
8,951
3,497
4,080
18,769|**Total**
**2022**
**£**
26|
|---|---|---|---|---|
|||||26|
|||||**Total**
**2022**
**£**
1,469
2,671|
|||||4,140|
|||||**Total**
**2022**
**£**
104,186
21,622
738
-|
|||||126,546|
|||||**Total**
**2022**
**£**
1,782
293
3,122
3,142
6,416|
|||||14,755|
Page 14
**Loughborough Wellbeing Centre CIO Notes to the Accounts**
## 10 **Net income before transfers**
|10|**Net income before transfers**|||
|---|---|---|---|
|||**2023**|**2022**|
||This is stated after charging:|**£**|**£**|
||Depreciation of owned fixed assets|8,951|3,122|
|11|**Staff costs**|||
||No employee received emoluments in excess of £60,000.|||
|12|**Tangible fixed assets**|||
|**Cost or revaluation**
At 1 January 2023
Additions
At 31 December 2023
**Depreciation and**
**impairment**
At 1 January 2023
Depreciation charge for the
year
At 31 December 2023
**Net book values**
At 31 December 2023
At 31 December 2022
13 **Stocks**
Finished goods
**Carrying value analysed by activities**
Shop and product sales
14 **Debtors**
Prepayments and accrued income|**Equipment**
**£**
798
2,471
3,269
256
753
1,009
2,260
542
**2023**
**£**
4,200
4,200
**2023**
**£**
4,200
4,200
**2023**
**£**
362
362|**Fixtures and**
**fittings**
**£**
9,969
19,145
29,114
3,997
8,198
12,195
16,919
5,972|**Total**
**£**
10,767
21,616|
|---|---|---|---|
||||32,383|
||||4,253
8,951|
||||13,204|
||||19,179|
||||6,514|
||||**2022**
**£**
7,000|
||||7,000|
||||**2022**
**£**
7,000|
||||7,000|
||||**2022**
**£**
-|
||||-|
Page 15
**Loughborough Wellbeing Centre CIO Notes to the Accounts**
## 15 **Creditors:**
amounts falling due within one year
|Other taxes and social security
Other creditors
Accruals
16 **Movement in funds**
**Restricted funds:**
**Restricted income funds:**
Tudor Trust
Shire Grant
Charnwood
VPPP
National Lottery
Active Together
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**|**At 1 January**
**2023**
27,529
5,355
1,655
9,674
11,443
-
55,656
13,416
69,072|**2023**
**£**
1,981
433
924
3,338
**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
43,500
-
-
29,935
95,129
3,054
171,618
81,303
252,921|**Resources**
**expended**
**£**
(39,334)
(3,895)
-
(21,918)
(95,693)
-
(160,841)
(34,666)
(195,507)|**2022**
**£**
-
-
4,285|
|---|---|---|---|---|
|||||4,285|
|||||**At 31**
**December**
**2023**
**£**
31,695
1,460
1,655
17,691
10,879
3,054|
|||||66,433|
|||||60,053|
|||||126,486|
Purposes and restrictions in relation to the funds: Restricted funds: Tudor Trust Shire Grant Charnwood VPPP National Lottery Active Together
## 17 **Analysis of net assets between funds**
|Fixed assets
Net current assets|**Unrestricted**
**funds**
**£**
19,179
107,307
126,486|**Total**
**£**
19,179
107,307|
|---|---|---|
|||126,486|
Page 16
**Loughborough Wellbeing Centre CIO Notes to the Accounts**
## 18 **Reconciliation of net debt**
|**Reconciliation of net debt**||||
|---|---|---|---|
|Cash and cash equivalents
Net debt|**At 1 January**
**2023**
**£**|**Cash flows**
**£**|**At 31**
**December**
**2023**
**£**|
||59,843|46,240|106,083|
||59,843
59,843|46,240
46,240|106,083|
||||106,083|
## 19 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 17
**Loughborough Wellbeing Centre CIO Detailed Statement of Financial Activities**
## **for the year ended 31 December 2023**
|**Income and endowments from:**
Donations and legacies
Grants and donations
Other trading activities
Shop and product sales
Venue hire
Investments
Interest Income
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
Grants and donations
Costs of other trading activities
Shop and product sales
**Total of expenditure on raising**
**funds**
Charitable activities
Salaries and Wages
Premises costs
Staff welfare, user events, training
and travel
Other
**Total of expenditure on charitable**
**activities**
Vehicles - Leasing and hire costs
Premises costs
Premises cleaning
Premises repairs and
maintenance|**Unrestricte**
**d funds**
**2023**
**£**
51,359
51,359
7,395
22,399
29,794
150
150
81,303
1,075
1,075
3,858
3,858
4,933
8,711
1,464
1,229
845
12,249
12,249
-
-
540
1,701
2,241|**Restricted**
**funds**
**2023**
**£**
171,618
171,618
-
-
-
-
-
171,618
-
-
7,980
7,980
7,980
122,195
27,504
1,302
575
151,576
151,576
-
-
-
-
-|**Total funds**
**2023**
**£**
222,977
222,977
7,395
22,399
29,794
150
150
252,921
1,075
1,075
11,838
11,838
12,913
130,906
28,968
2,531
1,420
163,825
163,825
-
-
540
1,701
2,241|**Total funds**
**2022**
**£**
150,290|
|---|---|---|---|---|
|||||150,290|
|||||36,668
-|
|||||36,668|
|||||26|
|||||26|
|||||186,984
1,469|
|||||1,469|
|||||2,671|
|||||2,671|
|||||4,140
104,186
21,622
738
-|
|||||126,546|
|||||126,546
1,782|
|||||1,782|
|||||-
293|
|||||293|
Page 18
**Loughborough Wellbeing Centre CIO Detailed Statement of Financial Activities**
|General administrative costs,
including depreciation and
amortisation
Depreciation of Equipment
Depreciation of Fixtures and
fittings
Bank charges
General insurances
Software, IT support and related
costs
Stationery and printing
Subscriptions
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|753
8,198
76
0
474
709
57
896
11,163
2,400
1,560
120
4,080
17,484
34,666
-
46,637
46,637
-
46,637
13,416
60,053|-
-
-
977
134
142
32
-
1,285
-
-
-
-
1,285
160,841
-
10,777
10,777
-
10,777
55,656
66,433|753
8,198
76
977
608
851
89
896
12,448
2,400
1,560
120
4,080
18,769
195,507
-
57,414
57,414
-
57,414
69,072
126,486|-
3,122
81
965
942
666
95
393|
|---|---|---|---|---|
|||||6,264|
|||||2,176
4,240
-|
|||||6,416|
||||||
|||||14,755|
|||||145,441
-|
|||||41,543|
|||||41,543
-|
|||||41,543|
|||||27,529|
|||||69,072|
Page 19