## CUFOS Community Use for the Old Station ## **Trustees Annual Report for the period 1 April 2023 to 31 March 2024** ## **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 are 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. The Trustees seek 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** The Trustees are keen to ensure that CUFOS can be used by as wide a section of the community as possible. To this end they have managed room charges carefully and have sought to maintain the quality and resource efficiency of the building while reducing expenditure where possible. CUFOS is well used by groups providing for babies and young children and their mothers, school age children and by art classes, yoga groups and many types of music makers as well as local community, wellbeing and support groups. It also provides space for social gatherings and parties, primarily for small children. All these users benefit from the availability of a local, well-kept and interesting building and participate in keeping it clean and well maintained. CUFOS also welcomed visitors, as part of an Open House Weekend, who appreciated seeing an old railway station effectively repurposed as a thriving community centre. The Trustees are very grateful to our administrator and 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. Charity Number 1193803 ## CUFOS Community Use for the Old Station ## **Financial Review** Total income for the year was £39,967. This comes primarily from letting the rooms at CUFOS, with a very small amount from membership fees for groups. This is an increase on the previous year and shows that the charity has been able to maintain and develop the use of the building. Outgoings, at £38,652, were at a similar level to the previous year, with the major costs being rent, cleaning and administration. The Trustees have protected the reserve account of £20,000 which is maintained in case of emergencies at the building such as boiler failure. The Trustees are now looking to increase room hire charges annually, as the rent for the building increases annually, in order to ensure that the charity can continue to operate effectively as a resource for local people. They continue to seek to find ways to run the building more efficiently. The main risks facing the charity are the increasing costs of utilities and structural issues with the building which might require its closure while repairs are undertaken by the landlord. ## **Structure, Governance and Management** CUFOS is a Charitable Incorporated Organisation and operates under a constitution which provides 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. During the year under report two new trustees were appointed. The Trustees meet regularly and are closely involved with the management and maintenance of the building. ## **Administrative Information** CUFOS, Community Use for the Old Station, is the old Alexandra Palace Station at the Top of the Avenue, London N10 2QE. Charity Number 1193803. Trustees serving during the year under report were:- Graham Pike Natacha de Lantivy Treasurer Pauline Wise Ann Waters Jo Pitman Emma Rogers appointed 29 January 2024 Geoffrey Kemball-Cook appointed 29 January 2024 Approved on behalf of the Trustees of CUFOS and signed by Ann Waters Charity Number 1193803 CUFOS Community Use For The Old Station Financial Ststements for the year ended 31 March 2024 Charity Number: 1193803 www.cufos.org.uk CUFOS Community Use For The Old Station Contents Page Independent Examinerfs Report Balance Sheet Statement of Financial Activrties Notes to the Accounts CUFOS Community Use For The Old Station Independent Examinerfs Report to the Trustees I report lo the Trustees on the financial slatements of the Charity for the year ended 31 March 2024 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 Art 2011 (Yhe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of Ihe 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) ofthe Act. Independent examiner's ststement I have completed my examinalion. I confinn thal no material matters have come to my atlenlion 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 wilh the accounting records; or the accounts did not comply with the applicable requiremenls conceming 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 examinalion. 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. 19 L* Z* Nigel Sands ACA Date 42 Waterlow Road London N19 5NH Pagel CUFOS Community Use For The Old Station Balance Sheet as at 31 March 2024 2024 2023 Notes Current Assets Debtors Cash al bank and in hand 252 28.830 266 33,948 29,082 34,214 Current Liabilities Creditors Accruals 2,980 1.887 3,140 8,174 4.867 Net Current Assets 24.215 22,900 Total Assets less Current Liabilities 24.215 22,900 Funds Unrestricted Funds Genera1 Fund Reserve Account 4,215 20,000 2,900 20,000 24,215 22,900 Approved on behalf of the Trustees: ..l..l..- ia.-..2.o.21tr N.K.M. de Lantivy Date Trustee Page 2 CUFOS Community Use For The Old Station Statement of Financial Activities for the year ended 31 March 2024 2024 2023 Room Lettings Membership Bank Deposit Interest Grants Received 39,822 145 34,407 40 39.967 34.447 Resources Expended Direct Charitable.. Rent and Rates Water Repairs.. General Maintenan￿..Flre Alarm Light and heal Cleaning." Contract & general Cleaning.- Trade refuse Telephone Insurance Performing rights society Administration Costs Solicitors Fees - Lease Renew21 Sundry expenses 13.258 767 2,192 300 3,223 6.665 1.282 448 1.958 953 4.207 2,450 949 12,423 55 5,875 487 2,428 5,902 3,546 623 1,810 825 3.952 602 -38,652 -38,528 Nel Incomingloulgoing Resources for the Year 1.315 4,081 General Fund." Balance Brought Forward 2.900 6,981 Transfer to ReseTve account General Fund." Balance Carried Forward 4.215 2,900 Page 3 CUFOS Community Use For The Old Station Notes to the Accounts for the year ended 31 March 2024 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 practi￿ '. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 1.2 Room Lettings Room Lettings represent the total invoice value, excluding value added tax, of room lettings made during the year. Debtors 2024 2023 Prepayments.. Insurance 252 252 266 266 Currenl Liabilities 2024 2023 Creditors.. Key and letting deposits Accruals - General 2,980 1,887 4,867 3,140 8,174 11.314 Page 4 CUFOS Community Use For The Old Station Financial Ststements for the year ended 31 March 2024 Charity Number: 1193803 www.cufos.org.uk CUFOS Community Use For The Old Station Contents Page Independent Examinerfs Report Balance Sheet Statement of Financial Activrties Notes to the Accounts CUFOS Community Use For The Old Station Independent Examinerfs Report to the Trustees I report lo the Trustees on the financial slatements of the Charity for the year ended 31 March 2024 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 Art 2011 (Yhe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of Ihe 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) ofthe Act. Independent examiner's ststement I have completed my examinalion. I confinn thal no material matters have come to my atlenlion 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 wilh the accounting records; or the accounts did not comply with the applicable requiremenls conceming 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 examinalion. 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. 19 L* Z* Nigel Sands ACA Date 42 Waterlow Road London N19 5NH Pagel CUFOS Community Use For The Old Station Balance Sheet as at 31 March 2024 2024 2023 Notes Current Assets Debtors Cash al bank and in hand 252 28.830 266 33,948 29,082 34,214 Current Liabilities Creditors Accruals 2,980 1.887 3,140 8,174 4.867 Net Current Assets 24.215 22,900 Total Assets less Current Liabilities 24.215 22,900 Funds Unrestricted Funds Genera1 Fund Reserve Account 4,215 20,000 2,900 20,000 24,215 22,900 Approved on behalf of the Trustees: ..l..l..- ia.-..2.o.21tr N.K.M. de Lantivy Date Trustee Page 2 CUFOS Community Use For The Old Station Statement of Financial Activities for the year ended 31 March 2024 2024 2023 Room Lettings Membership Bank Deposit Interest Grants Received 39,822 145 34,407 40 39.967 34.447 Resources Expended Direct Charitable.. Rent and Rates Water Repairs.. General Maintenan￿..Flre Alarm Light and heal Cleaning." Contract & general Cleaning.- Trade refuse Telephone Insurance Performing rights society Administration Costs Solicitors Fees - Lease Renew21 Sundry expenses 13.258 767 2,192 300 3,223 6.665 1.282 448 1.958 953 4.207 2,450 949 12,423 55 5,875 487 2,428 5,902 3,546 623 1,810 825 3.952 602 -38,652 -38,528 Nel Incomingloulgoing Resources for the Year 1.315 4,081 General Fund." Balance Brought Forward 2.900 6,981 Transfer to ReseTve account General Fund." Balance Carried Forward 4.215 2,900 Page 3 CUFOS Community Use For The Old Station Notes to the Accounts for the year ended 31 March 2024 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 practi￿ '. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 1.2 Room Lettings Room Lettings represent the total invoice value, excluding value added tax, of room lettings made during the year. Debtors 2024 2023 Prepayments.. Insurance 252 252 266 266 Currenl Liabilities 2024 2023 Creditors.. Key and letting deposits Accruals - General 2,980 1,887 4,867 3,140 8,174 11.314 Page 4