**Falconwood Community Centre Trust For the Year Ended 31 December 2024**
## **Falconwood Community Centre As at 31st December 2024**
## **Reference and Administrative Details of the Charity, its Trustees and Advisors**
Trustees Nigel Patrick Betts Harishchandra Jyawali Valerie Christine Clark David Neil Jost
Charity Registration Number 1205237
Registered Office Falconwood Community Centre 31-39 Falconwood Parade The Green Welling KENT DA16 1LS
Accounts Advisor Hilary Gable FCCA, BA (Hons) Business Studies
Legal Advisor Hadfield, Bull and Bull 1 Central Avenue Welling
1
Report to the Trustees of Falconwood Community Centre
We report to the Charity Commission on the accounts of the Charity for the year ended 31st December 2024
Responsibilities of the Trustees.
As the charity's trustees, we are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
It is my responsibility to:
Examine the accounts (under section 145 of the 2001 Act)
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145 (5)(b) of the 2011 Act); and
to state whether particular matters have come to our attention..
The preparations of the accounts was carried out in accordance with the general Directions given by the Charity Commission. This includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking any explanations from the trustees considering any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts provide a 'true and fair view' and the report is limited to those matters set out in the statement below.
In connection with the examination, no matter has come to our attention:
1 Which gives us reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Ace have not been met; or to which, in our opinion, attention should be drawn in order to enable a proper undertaking of the accounts to be reached.
2 Disclosure
In the previous accounting year(s) the financial statements of the Falconwood Community Centre have been consolidated with other Welling Community Centres to produce the Welling Community Centres Trust Financial Statements. From the year ended 31st December 2024, Falconwood Community Centre has produced its own financial statements and will be registered in the future with the charities commission and these financial statements only include their details.
This statement is made solely to the charity's trustees, as a body, in accordance with part 4 of the charities (Accounts and Reports) Regulations 2008.
Our work has been undertaken so that we may state to the charity's Trustees those matters are required to be stated to them in an examination report and for no other purpose. To the fullest extent permitted by law, we o not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for this report.
2
## Notes to the Financial Statements
## **1.** General Information
The charity is a Private company limited by guarantee without share capital, incorporated in the United Kingdom, registered at Falconwood Community Centre, 31-39 Falconwood Parade, The Green, Welling, Kent DA16 2PG
## **2.** Accounting Policies
## **2.1**
Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the financial reporting standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019), the Financial Reporting Standard applicable to the UK and the Republic of Ireland (FRS102) and the Companies Act 2006.
## **2.2**
## Going concern
The trustees assess whether the use of the going concern basis is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubts about the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded at the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charities ability to continue as a going concern, thus they continue to adopt basis of accounting in preparation of the financial statements.
## **2.3**
## Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of then income receivable can be measured effectively. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received
for specific purposes but not expended during the period are shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is referred and included in creditors as deferred income. Where entitlement occurs before income is received the income is accrued. Other than those previously disclosed in note 7, the charity has not entered into any related party transactions during the year. Nor are there any outstanding balances between related parties and the charity at the 31st
## **2.4**
## Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up to the total of direct costs and shared cost. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity’s
objectives as well as any associated support costs. All Expenditure is inclusive of irrecoverable VAT.
3
## **2.5**
Tangible fixed assets and depreciation Tangible fixed assets are initially recognised at cost. After recognition the tangible fixed assets are measured at cost less accumulated depreciation.
Depreciation is charged so as to allocate the cost of tangible fixed assets less any residual value over their estimated useful lives, using the straight line method. Depreciation is provided on the following basis
Fixtures and fittings 20% Computer equipment 33%
## **2.6**
## Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.7**
Cash at bank and in hand
Cash at bank and in hand includes cash and short-term high liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.8**
Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised as the amount that the charity anticipates it will pay to settle the debt ot the amount it has received as advanced payments for the goods and services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
## **2.9**
## Financial instruments
The charity only has financial assets and financial liabilities of a kid that qualify as basoc financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **2.10**
Fund Accounting
General Funds are unrestricted funds which are available for use at the discrtion of the trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes.
4
## Falconwood Community Centre Trust Year Ending 31[st] December 2024
|Unrestricted
Funds
**3**
**Income from Donations and Legacies**
Grants
______
Total receipts
-
4
**Income from Charitable Activities**
Hiring Income
48908
_____
Total Receipts
48,908
5
**Analysis of Expenditure on charitable activities**
**Summery by fund type and activities**
Charitable Expenditure
29,166
Support Costs
22,430
______
Total
51,596
**Analysis of Expenditure Activities**
Wages and National Insurance
22,430
Repairs & maintenance
3,509
Light and Heating
12,443
Water, Sewage & Waste management
3,832
Insurance
1,877
Printing, postage, stationary & supplies
921
Professional fees
611
Business Rates
1,850
Telephone/Internet
1,687
Depreciation
2,436
Total Payments
51,596
6
**Wages nd Salaries**
**2024**
Wages and Salaries
22,430
____
Average Number of Staff
**3**|Restricted
Funds
10760
_____
10760
-
0000
0000
0000
0000
0000
0000
0000
0000
0000
0000
0000
0000
0000|Total
2024
10760
_____
10760_
48,908
48,908
29,166
22,430
______
50,710
22,430
3,509
12,443
3,832
1,877
921
611
1,850
1,687
2,436
51,596|Total
2023
-
_____
-__
44,001
44,001
31,958
22,670
54,628
22,670
6,898
12,573
4,971
567
1,100
891
1,925
1,093
1,940
54,628
**2023**
22.670
____
**3**|
|---|---|---|---|
7 Trustees’ Remuneration During the year, NO Trustee received and remuneration or other benefits.
5
|||**Fixtures &**||**C omputer**|||
|---|---|---|---|---|---|---|
|||**Fittings**||**Equipment**|**Total**|**Total**|
|||**2024**||**2024**|**2024**|**2023**|
|||£||£|£|£|
|8|Tangible Fixed Assets||||||
||Cost||||||
||At 01/01/2024|12,405||1,188|13,593|15,533|
||Additions||||||
|||_____||_____|_____|_____|
||At 31/12/2024|12,405||1,188|13,593|15,533|
||Depreciation||||||
||At 1stJanuary 2024|10,357||800|11,157|13,593|
||Charge for the Year|2,048||388|2,436|1,940|
|||_____||____|_____|_____|
||At 31stDecember 2024|12,405||1,188|13,593|15,533|
||Net book value||||||
||At 1stJanuary 2024|2,048||-|2,048|
-|
|||_____||______|____|______|
||At 31stDecember 2024|-||-|-|-|
||||2024|||2023|
||||£|||£|
|9|Debtors||||||
||Debtor – Insurance Loan to WCCT||5000|||5000|
||Debtor – Payroll Loan to WCCT||500|||500|
||Prepayment|||||-|
|||||||____|
||||5,500|||5,500|
|10|Creditors||||||
||Hall Booking Fees & Deposits paid in Advance||1,923|||1,879|
||Loan from W&DPA||6,000|||6,000|
||||_____|||____|
||||7,923|||7,879|
6
|||Balance at|||Balance at|
|---|---|---|---|---|---|
|||01/01/2024|Income|Expenditure|31/12/2024|
|||£|£|£|£|
|11|Statement of Funds – current Year|4,391|59,462|67,348|12,442|
||Unrestricted Funds|||||
|||Unrestricted|Restricted|||
|||Funds 2024|Funds 2024|Total 2024|Total 2023|
|12|Analysis of net Assets between funds|||||
||Tangible fixed assets|||||
||Current fixed assets|5,500|10,560|16,060|5,500|
||Creditors due within one year
|(7,923)|-|(7,923)|(7,879)|
|||_____|_____|_____|____|
|||(2,423)|10,560|8,137|(2,379)|
13 **Related Party Transactions**
Other than those previously disclosed in note 7, the charity has not entered into any related party transactions during the year. Nor are there any outstanding balances between related parties and the charity at 31[st] December 2024
Dur the the dissolution of the Welling Community Centres Trust, the Welling Community centres are not treated as a related party.
END
7