Trustses, Annual Report for The Lambourn Wellbeing Centre Lanil)oiirn Wellbei Centre stsrt date: End date: 01/01/2023 31112/2023 Charity name: The Larnbourn Wellbein8 Centre Charity registration number: 1197609 Chariws principal addres5: 5 Newbury Road, Lambourn, Berkshlre, RG17 7LL Or8ani5ation type: Charitable Incorporated Organi5ation Charlty trustees: Name Jerry Peter Spary Richard James Tunley Richard H ickling Blackwell Karl Anthony Hillsdon-fisher Jonathan Atklnson Role Chair Trustee Trustee Trustee Trustee Date of appointment 21 January 2022 21January2022 21January 2022 21January 2022 21January 2022 Structure. Governance and Management The charity is managed by a group of trustees. The names of the trustses are set out above. The governing document of the charity is it5 Constitution adopted at a meeting held in January 2022. Amongst other things, the Constitution provides forthe appointment and election of trustee members. Objertives and Activities Summary of the purposes of the charity To promote for the benefit of the inhabitants of Lamboum and the surrounding area the provision of facilities for recreation or other leisure time occupation of indlvlduals who have need of such facilities by reason of their youth, age, infirmlty or disablement, financial hardship or social and economic Circumstances or for the public at large in the interests of stxial welfare and with the object of improving the condltion of life of the said inhabitants. Page | I Summary of activities In our second year of actlvlty, we continued to build on the strong relationship5 established within the local community. While the initial plan was to renovate and use the acquired property for our charitvs activities, a comprehenslve cost analysis revealed that the financial outlay for renovation would be significantly higher than anticipated. After careful consideration and discussions with key stakeholders, the decision was made to sell the property. The proceeds from the sale will be reinvested into the charitVs ongoing projects, ensuring that we can continue to effectively Serve and support the community in other meaningful ways. The charity remains dedicated to identifying and pursuing alternative initiatives that align with our mission of creating a lasting positive impact in the community. Despite this strateglc plvot, our commltment to growth and ¢ommunlty engagement remains unwaverin& and we are excited about the opportunities ahead in the coming year.. How our activities have delivered public benefrt In alignment with the guidance issued by the charity commission, the trustees have redirected efforts towards using the proceeds from the sale of the site building to fund projects that effectively serve the community. Throughout the year, the trustees met regularly to evaluate the available resources and discuss local initiatlves to maxlmlze the charivs public benefit, ensuring that the organization remalns focused on fulfilling its mission and making a positive community impact. Contribution made by Trustees and volunteers The local Community has been highly supportive of the charity and its inltFal project to renovate the social club, with pledges of time and labour offered. However. after the difficult decision was made to sell the buildin& no additional help from volunteers has been required during 2023. The Trustees have been holding regular meeting to discuss alternative projects that align wlth the chariWs mission and continue to look at delivering benefits to the community. Plans for 2024 Following the sale of the Lambourn soclal club, our focus for 2024 is to strategically allocate the proceeds from the Sale to furtherthe charitrfs objectives. We aim to identify new opportunities that align with our mlssion of providing ¢ommunity-focused Initiatives and servi¢es. Page12 Financial Review In 2023, the charlty made a plvotal decision to sell the Lambourn social Club after a thorough assessment of renovation cost5. The proceeds from the sale have significantly Improved our financial position, providing a positive balance in the charltvs account. With these funds, V￿ are now better equipped to plan and develop 5ervice5that align with our core objectives. The Statement of Financial Activities shows a stronger financlal position compared to previous years, wlth a p051tive balance of £72,483. This now eliminates the need for trustee loans and ensuring the charity has a solid foundation to invest in future pro}ects. Reserves pollcy The Trustees have agreed to maintsin reserves within the general fund at such a level as would enable it, in the event of a sudden loss of income, to cover ongoing direct expenses of running the charltyfor a perlod of about 3 months. Rlsk management The trustees have continued to work closely in planning actions that effectively manage costs and mitigate potential financial risks. With the sale of the Lambourn Social club, we have achieved a stronger financial position. alleviating the need for further trustee loans in 2023. Although we have not yet received new donatlons this year, the proceeds from the sale have provided a positive balance, allowing us to navigate the upcoming period with greater confidence. The Strategic decisions made thls year have strengthened the charitls ablllty to respond to challenges and contlnue fulfilling its mlsslon in the community. Statement of Finandal Actlvities for the year ended 31 December 2023 Note Un-Restricted Funds Restricted Funds Totsl 2022 Incorning resour￿$ Donations Unsecured Loans Total Income 2,000 Resour￿$ expended Site clearance Web hosting Electricity supply Loan reimbursement Conveyance fees Grants Local donatlon Total expendlture Page13 -150 -351 -663 -304 -2,000 422 -2,557 -1.164 Other Income Net proceeds on sale of asset 76,931 Net surplus / deficit 73,648 -1,164 Balance b￿d Balance 72A84 -1,164 Notes forming part of the Financial Statements for the year ended 31 December 2023 l. Unsecured interest free Loans were made to the charity to cover running c05ts of the centre and the external contractor cost. The loans have been reimbursed following the sale of the Lamboum so¢ial centre 2. Site clearance of hazard and non-recyclable materials from the social centre 3. Elertricity 5uppIyi a contract for supplying electricity to the centre ha5 been prepaid to ensure standing charges are covered forthe year. The outstanding credit is expectsd to be repaid in 2024. Trustees, responsibilities for the flnanclal statements The trustees are responsible for preparing theTrusteed Annual Report and the financial statements in accordance with applicable law and regulations. The Charities Act 2011 requires the trustees to prepare financial Statements for each financial year. The trustees have to prepare the ftnancial ststements in accordance wlth United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they Ive a true and fair view of the situation of the Charity and of the incoming resour¢e5 and applicatlon of resources, including the income and expenditure, of the charity for that perlod. In preparingthese financial statements. the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charitles SORP. make judgments and accounting estimates that are reasonable and prudent. prepare the flnancial statements on the 80ing concern basis unless it is inappropriate to presume that the charity wlll continue In business The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charivs 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, the Charity IAccounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguardSng the assets of the charity and hence for taking reasonable Steps forthe prevention and detection of fraLrd and other irregularities. Page14 Declarations The trustees de¢lare that they have approved the trusteeg report above. Signed on behalf of the chariws trustees Slgnature Full name Karl Hillsdon-fisher Posltlon Trustee Date 3yIO/2024 Signature Full name Posltion Trustee Date Page | 5 CHARITY COMMISSION FOR ENGLAND AND WALES Tho Lambourn Wollbolng Centr• 1197009 Receipts and payments accounts CC16a Forthe peritsd trom 0110112023 To 3111¥2033 Section A Receipts and payments Unrest•lcte(I fund8 tr*t￿ Marttt Restrlcted fund8 toth• near88t £ Endowment fund¥ Mar8•t £ Total funds Lasty•ar tott* wzreAt£ tothB n&vq¥t £ Al Roc61 ts 2.000 Sub total(Gmss incoma forAR) A2Ass•t and l#v•*tmont ￿1#$. {soe Sa￿ oft￿& soclal ehjb 71931 76,#Jl Sub totsi 76,931 74931 78,•31 71931 A3Pa webhostin en88 KF franklins os18 e-Ex 8nse JA domain f*• 2023 - Ex ense KF domain f&e 2023_ f ense KF 05 022.Ex ense KF sm8rt88t enè nse KF dornèinfee 2022 0 8ns8 KF domain fée 2022- Ex 8n8e KF domaln 2021 - E •nÈ8 KF w&bh05tin 2021 - Ex seKF BuSkSn dearan￿ kirr*)oum w8llbein t¥ 2023-E 302 13 13 13 la 12 12 12 12 12 12 -JA 150 150 larthum ¢onYrvJnrty kn¢8￿$t corrfony ht5 Hun¢0￿ SdlcttLY8 LLP ttP 1 415 415 Sub totsi ¢447 147 A4 Ass•t and InvMbhgnt puYehas•8, {sw tab￿) Sub 6.447 6.447 Net drecei*ym•nts) A5 Tran#fÈts b•tW•8n funds A8 C•8h funds last yw ènd Cash fimds thts yearend 72.484 72,484 72,4B4 Section B Statement of assets and liabilities at the end otthe period UnKeStrictod lunds R¢8tri¢ted funds Endowment fund¥ Categorlty Datails Bl Cash fufids tr* £ tp Ibwar••t£ nixc 72.484 XX R1 a0￿unts ISS} Total Cash funds 72.484 (xxrf$ll Unmtri¢t•d funds Ro5trictod funds Endowment fund$ Detasls to r*4rg&t £ B2 CXl*r monotary ass•ts Fw¥J loT￿ch oS•¢t r•rrt ¥AIu• L)etarls B3 knvestment assots Details Cwrontval B4 A$80ts rotakngd for th• charty's oym fvnd to Yth¢h IlaNIIty T￿4 DÈtails 85 Llablffties SkJn8d by one orkn￿ tnJ8tets on behawof all the tnJst888 Sgn81we Pmt Nan6 D*of oval Karl FIWon418her 3111012024 ,{IL4 CCXX R2 atrounts (SS) 3111012024 ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name **members of** The Lambourn Wellbeing Centre **On accounts for the year** 31 December 2023 **Charity no** 1197609 **ended (if any) Set out on pages** 1 to 5 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2023. - **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Signed: Date:** 31/10/2024 **Name:** R M Casbolt **Relevant professional** FCCA **qualification(s) or body (if any): Address:** 1 Lodge Close Bicester Oxfordshire OX26 3TE 1 **October 2018** **IER** **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 2 **October 2018** **IER**