## **The Centre, West Cumbria Ltd**
**Charity No. 1195606**
**Company No. 13185087**
**Trustees' Report and Unaudited Accounts**
**31 March 2024**
**The Centre, West Cumbria Ltd Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Summary Income and Expenditure Account|9|
|Balance Sheet|10|
|Notes to the Accounts|11 to 18|
|Detailed Statement of Financial Activities|19 to 20|
Page 1
**The Centre, West Cumbria Ltd 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 March 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 13185087**
## **Charity No. 1195606**
## **Principal Office**
The Centre Ennerdale Road Maryport Cumbria CA15 8HN
## **Registered Office**
The Centre Ennerdale Road Maryport Cumbria CA15 8HN
## **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:
M. Barker J. Dean B.D. Hansen H. Pantling R. Pocklington M. Teadale J. Wardle R.H. Woods
## **Accountants**
Tattersall Bailey 14A Main Street Cockermouth CA13 9LQ
Page 2
**The Centre, West Cumbria Ltd Trustees Annual Report**
## **OBJECTIVES AND ACTIVITIES**
The Charity’s Objects are specifically restricted to the following:-
1) The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage through the provision of a drop-in centre providing guidance on how to access relevant services, support and opportunities.
2)The prevention or relief of poverty by providing or assisting in the provision of education, training, welfare support, healthcare advice and all the necessary support and signposting designed to enable individuals to access employment, education, and wellbeing opportunities and to generate a sustainable income and be self-sufficient.
3) to develop the capacity and skills of socially and economically disadvantaged people who live, work or volunteer in West Cumbria and the surrounding area, by providing opportunities for training and volunteering and in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society.
4) To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.
5) For the purpose of this clause ‘socially excluded’ means being excluded from society, or parts of society, as a result of one of more of the following factors: unemployment; financial hardship; youth or old age; ill health (physical or mental); substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards; crime (either as a victim of crime or as an offender rehabilitating into society.
Page 3
**The Centre, West Cumbria Ltd Trustees Annual Report**
## Activities
The Centre is a West Cumbrian charity that provides social and creative opportunities for people to connect and grow. We are based at The Centre, a community building in Ewanrigg, Maryport.
By providing creative and social opportunities we are growing a community that creates positive change, improving life chances for individuals and future generations.
Our vision is a community that helps each other walk through doors of opportunity.
The Centre host lots of regular activities at The Centre, some organised by us and some are run by external providers who hire The Centre as a venue. In addition, we also have special events and trips throughout the year. All of The Centre’s activities have been designed to meet The Centre’s charitable objectives, to maximise public benefit and to comply with the Charity Commission public benefit guidance.
## The Centre’s main activities include…
Coffee and Crack. Coffee and Crack is a chance to enjoy a homecooked meal with some good company in a warm and friendly place. Coffee and Crack takes place every Tuesday at The Centre from 12pm to 1.30pm (food is served at 12.30pm). We operate a ‘pay what you can’ model with a suggested minimum donation of £3. Kids eat for a £1. Coffee and Crack is also a great place to get a bit of signposting support for health & wellbeing worries. We work with a wide range of health, social and wellbeing organisations and agencies who will pop along to Coffee and Crack on a regular basis and chat to residents about their concerns. Agencies and organisations who attend when they can include social prescribers, Age UK West Cumbria, DWP, Citizens Advice Bureau, frailty coordinators, physios, PCSOs and more.
Maryport Matters. Maryport Matters is a free, full colour, quarterly, community magazine which serves residents from the town and the surrounding areas including Flimby, Dearham, Crosby, Crosscanonby and Broughton Moor. It provides news and original features to inform, connect and empower residents as well as celebrating community achievements.
Based at The Centre, it is created by the community for the community. It relies on advertising, sponsorship and funding to keep it going. Launched in 2016 the magazine is a firm favourite in the area and is the only town specific publication. A distribution company delivers magazines through letterboxes in the local villages and the town centre, and local residents get together to help deliver to the streets surrounding The Centre.
Fun days and special events. Several times a year, The Centre organises free family fun days, suitable for all ages where hundreds of people enjoy food and refreshments, inflatables, activities, stalls and more. The Centre’s annual lantern festival is a fabulous, free, friendly, community event for all ages where people roll their sleeves up, get creative, learn how to make a lantern and meet new friends. The lantern parade lights up the streets of Ewanrigg led by drummers and watched by hundreds of people.
Community use of The Centre. The Centre is hired by groups and organisations throughout the year. Weekly The Centre hosts Ewanrigg Community Choir, socially prescribed fitness sessions, Maryport Chess Club, Shout Parent Support Group, Speech After Stroke Club, Brownies, Armchair Yoga, Computer Club and much more.
## **ACHIEVEMENTS AND PERFORMANCE**
Page 4
**The Centre, West Cumbria Ltd Trustees Annual Report**
Achievements during this period include but are not limited to:
Having merged the Ewanrigg Local Trust and the Ewanrigg and Netherton Tenants Association, The Centre embarked on its first 12 months as a registered charity, operating with the new name ‘The Centre’ and with new branding.
The Centre continued to build on, deliver and develop plans and strategies that have been evolving from 12 years of ‘on the ground, resident led’ community work that was previously delivered by the Ewanrigg Local Trust and by the Ewanrigg and Netherton Tenants Association. This work included community engagement, community communication and community infrastructure development plans and strategies – all three areas worked towards a shared vision, mission and values.
Community need and demand for The Centre activities continued to grow throughout this period with an estimated footfall of 15000 people throughout this period.
The Centre purchased the building and surrounding grounds with remaining Local Trust lottery funds. The Centre acquired the building as a community asset for perpetuity.
With funding from Allerdale Radioactive Waste Management/Geological Disposal Facility, The Centre was able to develop new areas of income generation research and activity.
With most personnel (staff, trustees, volunteers) involved for 12 years, The Centre continued to benefit from the expertise, loyalty and experience of those involved whilst navigating a year of operational change and consolidation, and a year that, nationally, saw costs rise and available funding reduce.
Monitoring, tracking and evaluation of the impact and outcomes of our work highlighted the benefits to the community of our activities, as reported by community members. These benefits include reducing loneliness and isolation, improved health and wellbeing, improved sense of belonging, new friendships and support networks, greater uptake of health and wellbeing services and activities, reduction in financial stress, increased learning opportunities and knowledge, increased aspirations.
## **FINANCIAL REVIEW**
Page 5
**The Centre, West Cumbria Ltd Trustees Annual Report**
In The Centre’s first twelve months of trading as The Centre the key things to note when analysing end of year figures are:
The accounts reflect income generated through hire of the building and through the selling of paid for advertising in Maryport Matters.
Restricted income from grant funding that has been received in this financial year has not yet been fully spent. Any amounts received in this financial year still showing at the end of this financial year will be spent in the year 2024 – 2025 and will be used according to grant funding agreements.
The accounts don’t reflect a full 12 months of operational expenditure, as during this period the Ewanrigg and Netherton Tenants Association were still the named account holder for most bills such as utility bills, council tax, waste management etc. During this year changes of tenancy from ENTRA to The Centre were completed.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Centre is a charitable business that is limited by guarantee, and registered with the Charity Commission and with Companies House. Trustees comply with a constitution which details articles of association. The methods used to recruit and appoint new charity trustees is laid out in The Centre constitution and is supported by a Trustee Recruitment Policy. The constitution states that the board shall comprise a majority of Trustees who live, work or volunteer in West Cumbria and the surrounding area; and all trustees are required to be registered with Companies House.
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
R.H. Woods Trustee 24 January 2025
Page 6
**The Centre, West Cumbria Ltd Independent Examiners Report**
## **Independent Examiner's Report to the trustees of The Centre, West Cumbria Ltd**
I report to the charity trustees on my examination of the financial statements of The Centre, West Cumbria Ltd for the year ended 31 March 2024.
## **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 ICAEW, 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.
Luke Tattersall ICAEW Tattersall Bailey 14A Main Street Cockermouth
CA13 9LQ 24 January 2025
Page 7
**The Centre, West Cumbria Ltd Statement of Financial Activities**
## **for the year ended 31 March 2024**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
**Total**
**Expenditure on:**
Charitable activities
6
Other
7
**Total**
Net gains on investments
**Net income**
8
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
77,916
21,658|**Restricted**
**funds**
**2024**
**£**
-
187,850|**Total funds**
**2024**
**£**
77,916
209,508|**Total funds**
**2023**
**£**
5,000
-|
|---|---|---|---|---|
||99,574
-
(157)|187,850
29,056
42,732|287,424
29,056
42,575|5,000
5,000
-|
||(157)
-|71,788
-|71,631
-|5,000
-|
||99,730
-|116,063
-|215,793
-|-
-|
||99,730|116,063|215,793|-|
||99,730|116,063|215,793|-|
||99,730|116,063|215,793|-|
Page 8
**The Centre, West Cumbria Ltd Summary Income and Expenditure Account for the year ended 31 March 2024**
|Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2024**
**£**
287,424
287,424
71,631
71,631
215,793
215,793|**2023**
**£**
5,000|
|---|---|---|
|||5,000|
|||5,000|
|||5,000|
|||-|
|||-|
Page 9
**The Centre, West Cumbria Ltd Balance Sheet**
## **at 31 March 2024**
|**Company No.**
**13185087**
**Notes**
**2024**
**£**
**Fixed assets**
Tangible assets
10
57,899
57,899
**Current assets**
Debtors
11
1,890
Cash at bank and in hand
168,097
169,987
**Creditors:**Amount falling due within one year
12
(12,093)
**Net current assets**
157,894
**Total assets less current liabilities**
215,793
**Net assets excluding pension asset or liability**
215,793
**Total net assets**
215,793
**The funds of the charity**
**Restricted funds**
13
Restricted income funds
116,063
116,063
**Unrestricted funds**
13
General funds
0
Designated funds
99,730
99,730
**Reserves**
13
**Total funds**
215,793|**2023**
**£**
-|
|---|---|
||-
-
-|
||-
-|
||-
-|
||-|
||-|
||-|
||-
-
-|
||-|
||-|
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 March 2024 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 24 January 2025
And signed on its behalf by:
R.H. Woods Trustee
24 January 2025
Page 10
**The Centre, West Cumbria Ltd Notes to the Accounts**
## **for the year ended 31 March 2024**
- 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 These are available for use at the discretion of the trustees in furtherance of the funds general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation These are unrestricted funds which include a revaluation reserve representing the funds 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.
Page 11
**The Centre, West Cumbria Ltd Notes to the Accounts**
|**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|Where income has related expenditure the income and related expenditure is reported|
|related|gross in the SoFA.|
|expenditure||
|Donations and|Voluntary income received by way of grants, donations and gifts is included in the the|
|legacies|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 gift/donation|
|donations and|to which it relates.|
|gifts||
|Donated|These are only included in income (with an equivalent amount in expenditure) where|
|services and|the benefit to the Charity is reasonably quantifiable, measurable and material.|
|facilities||
|Volunteer help|The value of any volunteer help received is not included in the accounts.|
|Investment|This is included in the accounts when receivable.|
|income||
|Gains/(losses)|This includes any gain or loss resulting from revaluing investments to market value at|
|on revaluation|the end of the year.|
|of fixed assets||
|Gains/(losses)|This includes any gain or loss on the sale of investments.|
|on investment||
|assets||
|**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|services in the furtherance of its objects, including the making of grants and governance|
|activities|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|These include those costs associated with meeting the constitutional and statutory|
|costs|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|These are support costs not allocated to a particular activity.|
|expenditure||
Page 12
**The Centre, West Cumbria Ltd Notes to the Accounts**
## **Taxatio**
## **n**
The charity is exempt from corporation tax on its charitable activities.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **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.
## **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.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Page 13
**The Centre, West Cumbria Ltd Notes to the Accounts**
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **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.
## 3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**|||
|---|---|---|
|**Income and endowments**
**from:**
Donations and legacies
**Total**
**Expenditure on:**
Charitable activities
**Total**|**Unrestricted**
**funds**
**2023**
**£**
5,000
5,000
5,000
5,000|**Total funds**
**2023**
**£**
5,000|
|||5,000
5,000|
|||5,000|
Page 14
**The Centre, West Cumbria Ltd Notes to the Accounts**
## 4 **Income from donations and legacies**
|5
**Income from charitable activities**
6
**Expenditure on charitable activities**
_Expenditure on_
_charitable activities_
_Governance costs_
7
**Other expenditure**
Employee costs
Premises costs
General administrative
costs
Legal and professional
costs
8
**Net income before transfers**
This is stated after charging:
Independent Examiner's fee|**Unrestricted**
**£**
21,658
21,658
**Unrestricted**
**£**
-
-
**Unrestricted**
**£**
0
(156)
0
0
(157)|**Unrestricted**
**£**
77,916
77,916
**Restricted**
**£**
187,850
187,850
**Restricted**
**£**
29,056
29,056
**Restricted**
**£**
32,803
5,772
2,493
1,663
42,732
**2024**
**£**
504|**Total**
**2024**
**£**
77,916
77,916
**Total**
**2024**
**£**
209,508
209,508
**Total**
**2024**
**£**
29,056
29,056
**Total**
**2024**
**£**
32,803
5,616
2,493
1,663
42,575|**Total**
**2023**
**£**
5,000|
|---|---|---|---|---|
|||||5,000|
|||||**Total**
**2023**
**£**
-|
|||||-|
|||||**Total**
**2023**
**£**
5,000|
|||||5,000|
|||||**Total**
**2023**
**£**
-
-
-
-|
|||||-|
|||||**2023**
**£**
-|
Page 15
**The Centre, West Cumbria Ltd Notes to the Accounts**
|9|**Staff costs**|||
|---|---|---|---|
|||**2024**|**2023**|
||Salaries and wages|32,803|-|
|||32,803|-|
||No employee received emoluments in excess of £60,000.|||
||The average monthly number of full time equivalent employees|during the year was as follows:||
|||**2024**|**2023**|
|||**Number**|**Number**|
||Project delivery|2|-|
|||2|-|
|10|**Tangible fixed assets**|||
|||**£**|**£**|
||**Cost or revaluation**|||
||Additions|57,899|57,899|
||At 31 March 2024|57,899|57,899|
||**Net book values**|||
||At 31 March 2024|57,899|57,899|
|11|**Debtors**|||
|||**2024**|**2023**|
|||**£**|**£**|
||Trade debtors|1,890|-|
|||1,890|-|
|12|**Creditors:**|||
||amounts falling due within one year|||
|||**2024**|**2023**|
|||**£**|**£**|
||Trade creditors|1,157|-|
||Other taxes and social security|574|-|
||Accruals|5,180|-|
||Deferred income|5,182|-|
|||12,093|-|
Page 16
**The Centre, West Cumbria Ltd Notes to the Accounts**
## 13 **Movement in funds**
|**Restricted funds:**
**Restricted income**
**funds:**
GDF/RWM
LT Lottery
Miscellaneous
WE WILL
_Total_
**Unrestricted funds:**
**General funds**
**Designated funds:**
Building
Coffee,Crack Computers
& Bingo
Maryport Matters
Miscallaneous
_Total_
**Total funds**|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
24,903
155,612
5,000
2,336
187,850
0
8,800
3,991
7,655
79,129
99,574
287,424|**Resources**
**expended**
**£**
(13,762)
(52,035)
(5,962)
(28)
(71,788)
1
156
-
-
-
156
(71,631)|**At 31 March**
**2024**
**£**
11,141
103,576
(962)
2,307|
|---|---|---|---|
||||116,063|
||||0
8,956
3,991
7,655
79,129|
||||99,730|
|||||
||||215,793|
Purposes and restrictions in relation to the funds: Restricted funds: GDF/RWM LT Lottery Miscellaneous WE WILL Designated funds: Building Coffee,Crack Computers & Bingo Maryport Matters Miscallaneous
Page 17
**The Centre, West Cumbria Ltd Notes to the Accounts**
## 14 **Analysis of net assets between funds**
|**Analysis of net assets between funds**||||
|---|---|---|---|
|Fixed assets
Net current assets|**Unrestricted**
**funds**
**£**
-
99,730
99,730|**Restricted**
**funds**
**£**
57,899
58,164
116,063|**Total**
**£**
57,899
157,894|
||||215,793|
## 15 **Reconciliation of net debt**
|Cash and cash equivalents
Net debt|**Cash flows**
**£**|**At 31 March**
**2024**
**£**|
|---|---|---|
||168,097|168,097|
||168,097
168,097|168,097|
|||168,097|
## 16 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 18
**The Centre, West Cumbria Ltd Detailed Statement of Financial Activities**
## **for the year ended 31 March 2024**
|**Income and endowments from:**
Donations and legacies
Charitable activities
**Total income and endowments**
**Expenditure on:**
Charitable activities
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Premises costs
Rates
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
General insurances
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**|**Unrestricte**
**d funds**
**2024**
**£**
77,916
77,916
21,658
21,658
99,574
-
-
-
0
0
-
(156)
(156)
0
0
0
0
0
0
0
(157)
(157)
-
99,730|**Restricted**
**funds**
**2024**
**£**
-
-
187,850
187,850
187,850
29,056
29,056
29,056
32,803
32,803
318
5,454
5,772
1,944
107
90
352
2,493
1,663
1,663
42,732
71,788
-
116,063|**Total funds**
**2024**
**£**
77,916
77,916
209,508
209,508
287,424
29,056
29,056
29,056
32,803
32,803
318
5,298
5,616
1,944
107
90
352
2,493
1,663
1,663
42,575
71,631
-
215,793|**Total funds**
**2023**
**£**
5,000|
|---|---|---|---|---|
|||||5,000|
|||||-|
|||||-|
|||||5,000
5,000|
|||||5,000|
|||||5,000
-|
|||||-|
|||||-
-|
|||||-|
|||||-
-
-
-|
|||||-|
|||||-|
|||||-|
||||||
|||||-|
|||||5,000
-|
|||||-|
Page 19
**The Centre, West Cumbria Ltd Detailed Statement of Financial Activities**
|**The Centre, West Cumbria Ltd**
**Detailed Statement of Financial Activities**|||||
|---|---|---|---|---|
|**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|99,730
-
99,730
-
99,730|116,063
-
116,063
-
116,063|215,793
-
215,793
-
215,793|-
-|
|||||-|
|||||-|
|||||-|
Page 20
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**Document ID** 7ba7b665-fcd0-4e85-b7e3-287235dd56dd **Document Bundle ID** dd670000-bdc2-6045-4274-08dd3c5e13eb **Uploaded to FuseSign** 2025-01-24 10:05 +00:00 **FuseSign subscriber** Tattersall Bailey Chartered Accountants **Initiator email** willow.carter@tbc.uk.com **Signed by** Rebecca Woods (Rebecca.woods1423@outlook.com), Luke Tattersall (luke.tattersall@tbc.uk.com | +44 7921 030563) **System finalisation** 2025-01-24 11:01 +00:00 **Verify URL** https://app.fuse.work/fusesign/verify/7ba7b665-fcd0-4e85-b7e3-287235dd56dd
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