STONNALL COMMUNITY CENTRE REPORT OF THE TRUSTEES AND Accou FOR THE PEIUOD ENDED 31 DECEMBER 2023 Charity number 1198249 Page I
STONNALL COMMUNITY CENTRE REPORT OF THE TRUSTEES AIYD ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2023 Charity number 1198249 coNrENTS A¢¢ountallts report Statemeni of a1ville$ Balance Sheet io Ststement of Cash Flow Notes to the accou 12-18 Page 2
REPORT OF THE TRu&fEES AND ACCOUNTS FOR THE PERIOD EI¥DED 31 DECEMBER 2023 Charity number Ilm49 ADMINISTrATIVE INFORMATION Tntee$ of the Charity Mi¢b8¢1 Cox PhÉlip Whitehouse David Smith Richard Newby Marie Jenkins Jane Hopcroft Dennis Bon¢hill Valerie N¢al¢ Jill Str¢et Myra Mason V<na¢ Hassall Jo Ann Miles signed 31 Mar¢b 2024 resigned 31 March 2024 Seeretary Jane Hopcroft Ch#Tity number 1198249 Principal add and reTrt¢reJ tsffi Stonnall Commulliry Centre Main Street Stonnall WS9 9EE Aeeountsnts Robert Brown Busine Advice Ltd Chartered Accountants 46 Main Str¢ Shenstone Li¢hfield WS14 ONF Bankers HSBC 53 AD¢hor Road Aldridg¢ WS9 8AD Pag¢ 3
REPORT OF THE TRusfEES AND ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2023 Charity number 1198249 REPORT OF THE TRUSTEES The accounts have been prepar1 in ar¢ordaJ)ce with the xcouming p)licies set out in note I to the a¢wunts al comply with the Clwities Act 2011. and A¢¢ounting and liewrting by Charities: St¢m¢nt of Recommended PrdCtic¢ applicable to Clwities preparing their accounts in ordanCe with the Finattcial Rep(rng Standard applicable in the UK and Republic of bEland second editi pthlish#l in 2019. Strnctur¢, Governa#ee and mageat Govern The organisation is a registered clthrity. The charity was fonned under a cons¢iti10ti which established tbe objects and powers of the ¢harily. Recrnittnent and intment of Tnjstees Metthrsbip is sought from businw and Vol sect5 to provide rdnge of skills to the Charity. Trust¢e Indu¢tion an New truses are invited to attend an induckiott meettllg to familiarise I11Ve% with the chaTity and the ¢ontext within which it owale5. are led by the Chainw and cAJver the obligations of the Tn the l¢gal framework of the ctwity, Ecs0Ce4 current financial posiw and future strategy. The Trustees have conducted a Teview of the major risks to whi¢h the charity is exposed. The risks are Tecorded and revi¢wed annually. Wltere appropriw¢, systems bave been established to mitigate risks. External risks to fimding have led to regular revi¢w5 to estsb]tsh new fullding sources. thtemai control risks are EDinrrised by supervision and control priKedures. Pr(edures are in plac¢. and Ore regularly revi¢w¢(L to ettsuLr compliance witb Hea]th and Sthty and other relevant legtslation. Page 4
STONNALL COMMUNITY CENfRE REPORT OF THE TRusfEES AND ACCOUNTS FOR THE PEREOD ENDED 31 DECEMBER 2023 Charity number 1198249 isati Day to day provision of servicc5 are pmvided by the Tru5tee& Th¢ Tne$ are resp47111e for enswll that the Charity delivers th¢ specified services and that key Pmce Indicators are met. The Trustees have r¢spoJLsilytlity for the day to (tsy llwag¢tnt of the clty. Related arti¢s The following TnLStees are members of Lwai Authori who SOrt the Charity: Michael Cox Philip Whitehouse Shenston¢ PaTish Couocil Sh¢nstolle Parish Council Lichfield DistrÉct c11 Shenstone Parish Council Stsffordshire Cow C(MJncil Valerie NeaTre David SmÈth ceased 31 Marth 2024 Objects aDd ActivÈtses The Centre adopted Charitrble stat8 on l April 2022. The Charity'$ objects ar¢ to benefft the residents of Sionnall and Lynn and the 5Utrounding neIghbourhl, without distinction of s¢K sexual Orientatio rdce or of politicaL religious or other opinion4 by &ssiKiating the said residents and the I(al authoritiw voluntary and i#Eanisation4 in a commoll effort to advance education and to provide facilities (StODDall CoEnEnunity Centr¢) to be used in the interests of Sla} welfare for recreation and leisure tim¢ o¢cupation with the obJtIve of itt4)roving the conditions of life forthe restd¢n guidance on publi¢ benefit when reviewing the Foutthtson's aitiLS and objectives and in p]anning fvture a¢tivitt¢S. Atbievements aod performane¢ Durtng the lod the Charity cttinl to develop the &tivities of the C¢ntr¢.. Finan¢i81 r¢view The Charity raised sufficiult fiuKls to wv¢r it'5 QUtgoin85 duritig the year. There was a surplus of £552. PriTrei I runditi sollrees Aside from the income gen¢ra*d by donor4 visitOT5 and of the Centre the prlllciknl funding sou are Staffordsbire County CouDciI aDd sInstOne Parish cW[lL Page S
REPORT OF THE TRUSTEES AND Accou FOR THE PERIOD ENDED 31 DECEMBER 2023 Charity number 1198249 Investment Although the Charity Tetsins a prndent amount in res¢rYe5 each year, mosi of the charity's unrestricted funds ar¢ to be spent in the short iern $0 there aTe few fvnds for long *rni inveslrnent. It is the policy of the Charity to retain ally sutplus mad¢ in an accowiting year for the firture requirements ofthe Charity and to a¢10p its activities. The Tn$ plan to continue the artiviti¢s outliti above in fth¢] yegys subject to satisfyrtory fijnding arng¢rnents. None of the T[ste¢S have any beneficial ittt¢rttt iti the Charity. Pag¢ 6
REPORT OF THE TRUSTEES AND ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2023 Charity number 1198249 REPORT OF THE COUNCtL OF MANAGEMEtr Respnsibilities of the Trnsttts Charity law requires the Tnw¢¢s to prepare financial statements for eath finaucial year which give a tTU¢ and fair view of the state of affairs of the charity as at th¢ balance sheet date a1 of Tts incoming resources and appliClon of resources. incILillg iucome and expenditutt for finaD¢ial ye4r. In preparing those fillancial ststejllen the Tnte¢S should fouow best practice and.. select suitable aryounting pilicies artsj apply them consiStlY. prepare the financial statements on th¢ 8oAng concaD basis unl¢ss it is iD8ppwriate to presume thatthe Charity will cotttinue on that basis. The Tnte¢S ar¢ r¢sponsible for maintsining proper &counting records which disclose wtth reasonable accuracy at any time the financial position of th¢ cbarity enabk it to ensure that the thmncial ststements cornply with Chariry law. The Trustees aff a]so rwiTrsible for 5afrguarding the a8sets of the ChaTity and fortakillg r¢asonabl¢ steps for the tWent10D and detectaoD of fraud and other iNegu]arities. Members TnLSt Member4 who are trust5 foTthe purp)se of tsity law. wlx> seTv&I during the year and up to the date of this report are set on page 3. Approved by the COM on and signed (m its beIlf by. Michael Cox Chairman D&*d: Page 7
STONi¥4ALL COMMUNrrY CENfRE REPORT OF THE TRUSTEES AND ACCOUNTS FOR THE PEIUOD ENDED 31 DECEMBER 2023 Charity number 11%8249 ACCOUNTANTS REPORT TO THE TRUSTEES ON THE UNAUDITED Accouwfs OF THE STONNALL YoufH AND COMtrfUNITY CENfRE In order to assist you to fulfil your duties und¢r the CottY1¢S Act 2006. we hav¢ prepared for your approva] the financial stst¢ments of The StODnall Cornmunity Centre for the year ended 3 1 December 2023, set out on page5 9 to 18 from the accounting records and infonnation and explanations you have given to us. It is your duty to ensure thot StODnall Cotnmtmxty Centre has kept &Iu8t¢ Uting records and to prepare ststutory financial stst¢m¢nts that give a trlle and fair view of the assets. liabilities. financial position and profit of Stonnall Comrnunity Cetttre. You consider the Charity is exenwt fmm th¢ statutory requirement for an audit for the year. We hav¢ not instructed to c (Mtt au atyjit or a review of the fknan¢ial statements of Stonnall Community Cw)tre. For this reaso w¢ have not vtttfied the UTY or completelless of the accounting r¢wrds or Énforniation and explanations you have given to us and we do DOL therefore. express any opinion on the statutory fitWkcial stat¢ents. Robert BmwTr Business Advi¢¢ LAd 46 Main Street Shenstone Lichfield Staffordshire WS14 ONF DaÉ¢d.. 9 AUgt 2024 Page 8
REPORT OF THE TRUSTEES AND ACCOUNTS FOR THE PERIOD EIYDED 31 DECEMBER 2023 Charity number 1198249 STATEMENT OF FINANCIAL AcrivtrIES (INCLUDING INCOME AND EXPENDrruRE ACCOUNT) For the year ended 31 December 2023 20 Yur 2023 Year 2023 Year 2022 9 mollths Total Income Donations and grants Lettings Inv¢stsn¢nt illcome 1.022 10.768 2.861 3,883 10.768 428 20J07 7.970 22 428 Total illeomiDg r¢so*rces 11.790 15,079 2&299 Direct ctwitabk ¢xpenditure 1.947 2.828 lJ47 Matmgement & athninisiratiix) 8J80 lJ87 9,967 5,691 Totsl resourcu expended IOJ27 12,795 Net movement in 1263 1.021 2284 21261 Reconci]iation of fiJnd£'. Total funds brougbt forward 7267 27.749 35.016 13,755 Total funds cvrxd lorwanl ¥770 37J(Ml 35,1116 Th¢ 5T&t¢meni of fitWKAal activtues includes all gains and It5 ID the yw. All Ttsoum atsj Page 9
STONNALL COMMUNITY CENfRE REPORT OF THE TRUSTEES AND AccouNfs FOR THE PEIUOD ENDED 31 DECEMBER 2023 Charity number 1198249 BALANCE SHEET AS AT 31 DECEMBER 2023 31.1223 31.1222 Vix¢d assets Freehold property at cost 669 CurreDt asgets Cash at bank and in hand 36.631 35,015 31631 3515 Net ¢urreDt assets 36,631 35015 Net assets 37JllO 3S,1116 Totsl funds Unrestri¢ied R¢strict¢d funds 8.530 28,770 7267 27.749 37JO 35,1116 Stonnall Community Centr¢ is a li¢gÈst¢r¢d Charity No 1198249. The re office is Main Streek Stom)all WS9 9EE. For the financi81 wiod ended 31 Dmnber 2023 th¢ ChaTity w*¥ entitled to exemption fr(trm audiL The financiaI statements were ap[Ved and authoriz¢d for issue by the Tn c 9 August 2024. The notes on pages 12 to 18 forn) part of these finaDciai MiclHel Cox Trustee Jill Street Page 10
STONNALL COMMuNrrY CEiYfRE REPORT OF THE TRUSTEES AND ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2023 Charity number 1198249 STATEMENT OF CASH FLOW Year ended 31 Dttember 223 31.1223 31.12.22 Cash in flow frotD opernting a¢tivitics 2,079 21239 Capithl expenditure (891) Ne¢ clsh Iktyw from oper#tlni #ctlvhles 1,188 21339 Cash flow from investing activities lrtter¢M received 428 22 Net ¢a$b (bw from Inves¢lni ac¢lvl¢leg 428 22 Net increase in ¢h and A8h equivaleDts 1.616 21,261 Cash and cash equivalents brwht fthiward 35.015 13.754 Cash Dd ush equlvlents urrled fornlrd 36.631 35015 Cash and cash equivalents c(otsist of. Cash at bank and in hand 36,631 35.015 C*$h ¢asb qulvAleDts It 31 De¢ember 2023 36ffj31 35,015 Pwll
STONNALL COMMUNrrY CENfRE REPORT OF THE TRUSTEKS AND ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2023 Charity number 1198249 NOTES FORMING PART OF THE FINANCIAL STATEMENrs. Ae¢oullting policies The a¢¢ounting policies are suLUJD klow. The a£coutittti8 policies haye been applied consistently throughout tbe year and in the preceding yea 1.1 B15 of Y4¢¢0unthg The Ston111 Community Centre is a regisknl char&ty. The charity is a publi¢ benefft entity as defined by FRS102. The financial stslements have b¢w prepared in aeeordance with Aceounting and ReFN)rting by Cl)arities". Statement of RecotnMded Practice applicable to charities preparing th¢iY a¢¢oullts accordaJtt with the Financial Rwxting Standard applicable in the UK and Republic of Ireland ffRS 102). the Clwiti¢s Act 2011. UK gv¢rnlly ac• accounting prn¢ti¢e applicable from l Januarv 2015. The finaneial statements are prepayed on a going c4mcern basis SIng cash acc[. The financial statements are presentrd in sterling which is the fimctional Curren of the Charity and rounded to th¢ near¢st pound. In preparing the accounts, the Tnwees have consider whethtt ill applying the accounting policies required by FRS102 2nd the Clwities SORP FRS 102 a restal¢m¢nt of comparative items was n¢¢ded. No restat¢m¢nts were require Unrestricted funds ar¢ available for use at the ofthe Tne¢S ID fillther ofthe general objectives of th¢ ¢harity. Restiict¢d fiwds are subject to restric on tbeir expamliture imFK)su] by the dots)r. 1.2 Incoming resotsr¢ All incoming resourc¢s are included in the sw¢meot of fllWLcial artivities when the chaTity is entitled io the iticome and tbe amount can be quatitified with rea50Dabl¢ accuracy. The following specific poli¢i¢s a applied to particular &*egori¢5 of incorne: Voluntary income is re¢eiv¢d by way of grdnty donations and gifts and is included in 11 in the statement of financial activities when r¢ceivable. Grants wbere entitlernent is not conditional on the delivery of a specific perfornl¢¢ by th¢ thaTity are recogtiisd when the charity becomes uneollditionally entitled to the Donated services and factlities are inCded 4t the to the charity where this con be qugntified. The value of s¢rvic¢s by volunteers has not been iwlud¢d ID these aCcots. Page 12
STONNALL COMMUNrrY CENTRE REPORT OF THE TRUSTEES AND ACCOUNIS FOR THE PERIOD ENDED 31 DECEMBER 2023 Charity number 1198249 NOTES FORMING PART OF THE FINANCIAL STATEMETr¥rs Inv¢51mettt incoll is included when rteivab Incoming resources from gran14 where relatrd w perfornwKe alld specific deliverabl¢s, are accounted for as th¢ tharity earns the right to consideTrtiOll by its perfornionce. IJ Resources expended Expenditure is re8D]sed on a cash basi8. trading for futidraising pWpfy5 incIJ]ng the charity's sale ofgoods. Clwitabl¢ expenditute compEise5 tly)se costs iDCU[r1 bythe clwiry in the delivery of its &tivities )d servi¢¢s for its beneficiaries. It in¢lud¢s IM)th costs that can b¢ all(lted dittctly to activilies and thos¢ costs of an indir¢d nature llecekwy to support thellL Management and AthnÉnistration costs inchKl¢ those costs associat&1 with m¢etTng the eonstiwtional and statutory r¢qutrem¢nts of the clwity and Ell¢Ile the costs linkeAJ to th¢ str&¢gic management of the All wsts are allocated betwc¢n thr ¢xp¢nditure cat¢goTi¢S of the Statrment of Ftnancial Activities on a basis designed to reflKt th¢ se of the resourtt. Costs relating to a particular activity are all8t¢d dirtctly. others are apportioned on an 4)propriate basis eg tloor arexs, percapit4 estIn usage as Set out in 0t¢ 1.4 Tangibk f assets and depreciation writ¢ off the cost I eStinled residual value of eath &&8et over its expextsl weful lif< as follows.. Freebold Land artd Buildings Furniture and equiptllertt No dewlatIOn 254h straight line A&8ets not Measur at fair Val rEviewed for any Indicati that th¢ ass¢t may b¢ impowed. If appropriate the recoverable amount of the Set is estimated and compared to the ¢aTrytrtg amount. Where the caTryÉng amount ¢x¢ea$ its recoverable amouuL an impairnlent loss is re]sed in the SOFA unless the asset is carried at a revalued amount whtse the in)pairment loss is a r¢va]uatioll decre&se. 1.5 Stotk Stk is valued atthe lower of c05t and rali*ble value. Page 13
STONNALL COMMUNrrY CENTRE REPORT OF THE TRUSTEFS AND ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2023 Charity number 1198249 NOTES FORMtNG PART OF THE FINANCIAL STATEMENrs 1.6 ProvisiDDS Provisions are ffcognised Wh charity has an obligati¢)n 8t the b818nce sheet date Is a result of a past event, it 15 probable that an fflOW of ¢COnth benefits will be TequiTed ID s&dement alld the amoullt CAn be reliably ellimaled. 1.7 T•x The ¢lwÈry is consider1 to hav¢ p&s%d the tests set out in PaTrgTaph I Sthedule 6 Finatice Act 2010 and therefore meets th¢ d¢fjDition of a charithble Cornpany for UK coryK)ration tax puws. 1.8 Gothg conee The finala1 ststements have been prepared on a going con(rn basis &s the tnLStees lIeVe that no material uncertainties ¢xis¢. The trustees have considered the level of fun&8 held and the expected l¢v¢l of in¢ome and exkynditure for 12 months from the authorization of these finan¢iaI sratements. The trustees consider thai th¢tE is a rea8onthle expe¢tstion th&t the Charity h&$ adequate resources to continue in oixrational existence for the f4)reseeable futUTe. The Charity therefore wntill to oFratr the going concern basis in prepari its finala1 slatements. 1.9 Jlldgemtnts nd kry sources of estimatNM tsoeertipty There have been no judgements (apart from those involving estimates) m&d¢ in the pn)ce&s of applying the aEx)v¢ accounting policies that have had a significant effect on amounts recognized in the financial stat¢m¢nts. There are no key &wllnptiOs cOeMnE the futute and other key Sources of estimation uncettiinty at the reporting dat¢ have a significant risk of Ixu5ing A material adJen1 to the TryIng aM0ts of assets and liabiliti¢s within the next fllwlcial ye4T. Pag¢ 14
STONNALL COMMUN[ CENTRE REPORT OF THE TRUSTELS AND ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2023 Chydrity number 1198249 NOTES FORMING PART OF THE FINANCIAL STATEMENrs. 2023 Year 2023 Yr 2022 9 month$ Ye*r FlldS Totsl Totsl Investment iD¢ow¢ Interest Tt¢eived 428 428 22 428 428 22 Total resourees expended Dir¢et Charitable Expenditwe Dir¢¢t ¢osts of sale: Purchases Coronation ¢v¢nt Advertising Depreciation Cleaning 309 133 30 223 1252 131 750 428 883 30 223 1252 919 1947 l?47 Pag¢ 15
STONNALL COMMUNITY CENfRE REPORT OF THE TRUSTEES AND AccouNfs FOR THE PERIOD ENDED 31 DECEMBER2023 Charity number 1198249 NOTES FORMtNG PART OF THE FINANCIAL sTATEmS. Total re50urtts ¢ipeDded 2023 Yar 2023 Year 21123 Year 21)22 9 months Funds FuDds Totsl Totsl Manag¢ment and AdmiTJistsation Electricity and war Telephon¢ Bank charges 3,883 3.883 711 1.852 55 108 3,157 188 108 3,157 188 Repairs IT costs Subscription L£gal ¢xp¢ns&s Accountancy Perforniance liceD¢¢ 578 322 450 877 420 549 23 179 420 549 23 855 613 676 676 9.967 5,691 4 Trustees None of the Committee (or any peT ¢(Mmec*d with them) ¢¢1¥¢11 any remuneration during the year. Page 16
STONNALL COMMUNfTY CENTRE REPORT OF THE TRUSTELS AND ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2023 Charity number 1198249 NOTES FORMtNG PART OF THE FTNANCIAL STATEMENTS. S Analysts ofn¢t gmets betweeB fiJHIs Total Unrts¢rle¢¢d Restricted Funds ds Fixed &55ets 669 36.631 668 28.102 8529 Net assets at 31 December 2023 37J(Ml 30 28,7711 2023 Freehold Equipjllenl Property Total Cost Brought fonyard Addition Carried forward 891 891 Deprecation Brought foTwaTd Cbarge for yer 223 223 Crri¢d forward 223 223 Net Book Value 31 December 2023 31 Deeember 21122 669 Page 17
STONNALL COMMUNITY CENTRE REPORT OF THE TRUSTEES AND AccouNrs FOR THE PERIOD ENDED 31 DECEMBER 2023 Charity number 1198249 Reconciliall of net IDeOm¢ to net iY15h from operating #rtivities 31.1223 Year 31.12.22 9 moDth$ Net inrne Interest received DEptrfiatiOO alld inipatrment of fix assets 2284 (428) 21261 (22) Net tasb inflow from opertiAg etivities 2A)79 21239 ADalysi5 of movemeots in restrkted funds BalaD¢e Eipenditsre BalaDee 31.1223 Building Maillt¢we and Development Aount Electronic o4uipment Coronation event Xnw decomions 27.749 428 IJ04 750 131 676 28.177 593 {711) (750) (131) (676) 27,749 (2268) 770 Balance kncothe Expendltsre B*laDet 1.42Z 31.12a2 Building MailltenaTKe and Dev¢lopTn¢nt Account 9.403 18J46 27.749 9A03 18J46 27,749 Page 18