CUFOS Community Use for the Old Station
Trustees Annual Report for the period 15 March 2021 to 31 March 2022
Aim and Purposes
CUFOS is responsible for the maintenance and management of a community centre in the former railway station at Alexandra Palace for use by the inhabitants of the London Borough of Haringey and others who would be suitable beneficiaries of the charity.
Objectives and Activities
CUFOS lets out the rooms and external space at the Old Station for meetings, lectures, workshops and classes, for properly supervised children’s activities and for other forms of recreation and leisure time occupation with the object of improving the condition of life of the inhabitants.
In managing the community centre, the Trustees have had regard to the guidance on public benefit issued by the Charity Commission. We aim to ensure that the Centre is used by a range of groups providing support and space for many different sectors of the community.
Achievements and performance
During this year CUFOS was gradually getting back to full operation after its closure during the Covid 19 lockdowns and restrictions. The Trustees were careful and thorough in ensuring that the building was kept clean and ventilated and in providing equipment to users to contribute to this. Although some groups stopped operating during lockdown, the number and range of groups is now returning to pre-pandemic levels. CUFOS is now well used by groups providing for pre-school children and parents, after school groups, and for yoga, music, art and general support and wellbeing. It also provides space for social gatherings and parties, primarily for small children. All users benefit from the availability of a local, well-kept and interesting building.
The Trustees continue to be grateful to the volunteers who help in running the building, some coming from the groups who use the building and some who have been involved with CUFOS for many years. Without their willing availability, particularly at weekends overseeing parties, CUFOS could not operate.
Financial Review
Total income for the year was £30,089, which is mainly made up of room lettings but includes £934 grants made by the London Borough of Haringey to assist in recovery after the pandemic. The building had to be maintained, and rent paid, even during times when it was little used so total expenditure at £28,225 left little income for investment for the future. Administration costs were low because a
Charity Number 1193803
CUFOS Community Use for the Old Station
Trustee, unpaid, managed the bookings for a few months. The Trustees managed to protect the reserve account of £20,000 which has long been maintained in case of emergencies at the building eg boiler failure.
There is now a need to ensure that room lettings are maintained and grown as the main risks facing the charity are the increased costs of heating and a major increase in rent. Some of the beneficiaries of the charity - the small groups renting rooms – are not in a position to support a significant increase in rent and have indicated that if they would fold if this were introduced, putting the whole future of CUFOS under threat. The Trustees are very conscious of this challenge and are working to address it.
Structure, Governance and Management
CUFOS became a Charitable Incorporated Organisation on 15 March 2021 having previously been a charity with the same aims and objectives. It operates under a constitution which sets out that the charity is managed by a maximum of seven trustees. The trustees are individuals who have an interest in CUFOS usually resulting from attending or organising group meetings there. At present there are five trustees. They meet regularly and are closely involved with the management of the building.
Administrative Information
CUFOS, Community Use for the Old Station, the old Alexandra Palace Station at the Top of the Avenue, London N10 2QE.
Trustees serving during the year under report were
Henry Hagger Chair retired March 2021 Natacha de Lantivy Treasurer Elin Murphy March 2021-November 2021 Pauline Wise Ann Waters Jo Pitman Graham Pike Chair appointed March 2021
Approved on behalf of the Trustees of CUFOS and signed by Ann Waters, Trustee.
23 January 2023
Charity Number 1193803
CUFOS
Community Use For The Old Station
Financial Statements for the year ended 31 March 2022
Charity Number: 1193803 www.cufos.org.uk
CUFOS
Community Use For The Old Station
Contents
| Page | |
|---|---|
| Independent Examiner’s Report | 1 |
| Balance Sheet | 2 |
| Statement of Financial Activities | 3 |
| Notes to the Accounts | 4 |
CUFOS
Community Use For The Old Station
Independent Examiner’s Report to the Trustees
I report to the Trustees on the financial statements of the Charity for the year ended 31 March 2022 set out on pages 2 to 4.
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 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the 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 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.
……………………………………..
…………………………………
Nigel Sands ACA
Date 21 December 2022
42 Waterlow Road London N19 5NH
Page1
CUFOS
Community Use For The Old Station
Balance Sheet as at 31 March 2022
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||||
| Current Assets | |||||||||
| Debtors | 2 | 292 | 284 | ||||||
| Cash at bank and in hand | 31,152 | 26,969 | |||||||
| 31,444 | 27,253 | ||||||||
| Current Liabilities | |||||||||
| Creditors | 3 | 2,780 1,683 |
1,095 1,041 |
||||||
| Accruals | 3 | ||||||||
| 4,463 | 2,136 | ||||||||
| Net Current Assets | 26,981 | 25,117 | |||||||
| Total Assets less Current Liabilities |
26,981 | 25,117 | |||||||
| Funds | |||||||||
| Unrestricted Funds | |||||||||
| General Fund | 6,981 20,000 |
5,117 20,000 |
|||||||
| Reserve Account | |||||||||
| 26,981 | 25,117 |
Approved on behalf of the Trustees:
…………………………………….. …………………………………
N.K.M. de Lantivy
Date 22 December 2022
Trustee
Page 2
CUFOS
Community Use For The Old Station
Statement of Financial Activities for the year ended 31 March 2022
| 2022 £ £ Room Lettings 29,140 Membership 10 Bank Deposit Interest 5 Grants Received 934 30,089 Resources Expended Direct Charitable: Rent and Rates 10,726 Water 5 Repairs: General 2,286 Maintenance:Fire Alarm 254 Light and heat 1,892 Cleaning: Contract & general 4,962 Cleaning: Trade refuse 3,484 Printing, postage,stationery 0 Telephone 562 Insurance 1,640 Equipment: Furniture 0 Performing rights society 831 Administration Costs 712 Sundry expenses 871 -28,225 Net Incoming/Outgoing Resources for the Year 1,864 General Fund: Balance Brought Forward 5,117 Transfer to Reserve account - General Fund: Balance Carried Forward 6,981 |
2021 £ £ 4,104 5 15 14,470 18,594 10,000 610 2,054 630 3,872 2,558 1,660 0 596 1,708 120 746 3,061 300 -27,916 -9,323 14,440 - 5,117 |
2021 £ £ 4,104 5 15 14,470 18,594 10,000 610 2,054 630 3,872 2,558 1,660 0 596 1,708 120 746 3,061 300 -27,916 -9,323 14,440 - 5,117 |
|---|---|---|
| 18,594 -27,916 |
||
| -9,323 14,440 - |
||
| 5,117 |
Page 3
CUFOS
Community Use For The Old Station
Notes to the Accounts for the year ended 31 March 2022
1 Accounting Policies
1.1 Accounting convention
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value.
The accounts have been prepared in accordance with the Statements of Recommended Practice : Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
1.2 Room Lettings
Room Lettings represent the total invoice value, excluding value added tax, of room lettings made during the year.
2 Debtors
| ebtors | ||
|---|---|---|
| Prepayments: Insurance | 2022 £ 292 292 |
2021 £ 284 |
| 284 |
3 Current Liabilities
| Creditors: Key and letting deposits Accruals – General |
2022 £ 2,780 1,683 4,463 |
2021 £ 1,095 1,041 |
|---|---|---|
| 2,136 |
Page 4
CUFOS
Community Use For The Old Station
Financial Statements for the year ended 31 March 2022
Charity Number: 1193803 www.cufos.org.uk
CUFOS
Community Use For The Old Station
Contents
| Page | |
|---|---|
| Independent Examiner’s Report | 1 |
| Balance Sheet | 2 |
| Statement of Financial Activities | 3 |
| Notes to the Accounts | 4 |
CUFOS
Community Use For The Old Station
Independent Examiner’s Report to the Trustees
I report to the Trustees on the financial statements of the Charity for the year ended 31 March 2022 set out on pages 2 to 4.
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 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the 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 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.
……………………………………..
…………………………………
Nigel Sands ACA
Date 21 December 2022
42 Waterlow Road London N19 5NH
Page1
CUFOS
Community Use For The Old Station
Balance Sheet as at 31 March 2022
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||||
| Current Assets | |||||||||
| Debtors | 2 | 292 | 284 | ||||||
| Cash at bank and in hand | 31,152 | 26,969 | |||||||
| 31,444 | 27,253 | ||||||||
| Current Liabilities | |||||||||
| Creditors | 3 | 2,780 1,683 |
1,095 1,041 |
||||||
| Accruals | 3 | ||||||||
| 4,463 | 2,136 | ||||||||
| Net Current Assets | 26,981 | 25,117 | |||||||
| Total Assets less Current Liabilities |
26,981 | 25,117 | |||||||
| Funds | |||||||||
| Unrestricted Funds | |||||||||
| General Fund | 6,981 20,000 |
5,117 20,000 |
|||||||
| Reserve Account | |||||||||
| 26,981 | 25,117 |
Approved on behalf of the Trustees:
…………………………………….. …………………………………
N.K.M. de Lantivy
Date 22 December 2022
Trustee
Page 2
CUFOS
Community Use For The Old Station
Statement of Financial Activities for the year ended 31 March 2022
| 2022 £ £ Room Lettings 29,140 Membership 10 Bank Deposit Interest 5 Grants Received 934 30,089 Resources Expended Direct Charitable: Rent and Rates 10,726 Water 5 Repairs: General 2,286 Maintenance:Fire Alarm 254 Light and heat 1,892 Cleaning: Contract & general 4,962 Cleaning: Trade refuse 3,484 Printing, postage,stationery 0 Telephone 562 Insurance 1,640 Equipment: Furniture 0 Performing rights society 831 Administration Costs 712 Sundry expenses 871 -28,225 Net Incoming/Outgoing Resources for the Year 1,864 General Fund: Balance Brought Forward 5,117 Transfer to Reserve account - General Fund: Balance Carried Forward 6,981 |
2021 £ £ 4,104 5 15 14,470 18,594 10,000 610 2,054 630 3,872 2,558 1,660 0 596 1,708 120 746 3,061 300 -27,916 -9,323 14,440 - 5,117 |
2021 £ £ 4,104 5 15 14,470 18,594 10,000 610 2,054 630 3,872 2,558 1,660 0 596 1,708 120 746 3,061 300 -27,916 -9,323 14,440 - 5,117 |
|---|---|---|
| 18,594 -27,916 |
||
| -9,323 14,440 - |
||
| 5,117 |
Page 3
CUFOS
Community Use For The Old Station
Notes to the Accounts for the year ended 31 March 2022
1 Accounting Policies
1.1 Accounting convention
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value.
The accounts have been prepared in accordance with the Statements of Recommended Practice : Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
1.2 Room Lettings
Room Lettings represent the total invoice value, excluding value added tax, of room lettings made during the year.
2 Debtors
| ebtors | ||
|---|---|---|
| Prepayments: Insurance | 2022 £ 292 292 |
2021 £ 284 |
| 284 |
3 Current Liabilities
| Creditors: Key and letting deposits Accruals – General |
2022 £ 2,780 1,683 4,463 |
2021 £ 1,095 1,041 |
|---|---|---|
| 2,136 |
Page 4