Company registration number CE034016
The Centre Of Excellence CIO Accounts
Year ended 31 March 2025
Openbook Solutions Limited Chartered Certified Accountants 16 Marnland Grove Bolton
THE CENTRE OF EXCELLENCE CIO ACCOUNTS
YEAR ENDED 31 MARCH 2025
| CONTENTS | Page |
|---|---|
| Trustees' | 3 |
| Chair's Report | 4 |
| Achievements - Financial review and reserves policy | 5 |
| Structure, Governance | 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities for the period ended 31st March 2025 | 8 |
| Balance Sheet as at 31st March 2025 | 8 |
| Notes forming part of the Accounts | 9-13 |
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THE CENTRE OF EXCELLENCE CIO ACCOUNTS
YEAR ENDED 31 MARCH 2025
TRUSTEES
BANKERS
Mr A Patel Co-Operative Bank Mr Y Atcha 1 Balloon Street Mr F Patel Manchester M4 4BE
PRINCIPAL OFFICE
INDEPENDENT EXAMINER
307 Halliwell Road Mr M Patel ACCA Bolton 16 Marnland Grove BL1 3PF Bolton BL3 4UJ
CHARITY REGISTRATION NUMBER
Charity Commission 1205346
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THE CENTRE OF EXCELLENCE CIO ACCOUNTS
YEAR ENDED 31 MARCH 2025
The trustees present this extended report, together with the independently examined accounts for the period ending 31st March 2025.
AIMS, OBJECTS AND HISTORY
The primary object of the charity is to provide facilities for recreation or other leisure-time occupations for the benefit of the inhabitants of Bolton. These facilities are specifically intended for individuals who need them due to youth, age, infirmity, disablement, financial hardship, or social and economic circumstances, as well as for the general public, with the goal of improving their quality of life.
History: The constitution was last amended on October 17, 2023. The charity is established as a Charitable Incorporated Organisation (CIO) in England - Charity Number: 1205346
Our objectives are described as:
• to provide the local and wider communities with education for life skills, addiction rehabilitation, support with males and female youth groups, home work classes and clubs.
The trustees are aware of the guidance issued by the Charity Commission with regard to public benefit and believe that this requirement is met through the help and support provided, directly and indirectly, to local communities without discrimination of any form.
CHAIR'S REPORT
Introduction
As the Chair of The Centre of Excellence, I am pleased to present our annual report for the period ending 31st March 2025. This report outlines our ongoing commitment to the inhabitants of Bolton and highlights how we have worked toward our charitable objectives over the past year.
Our Aims and Objectives
The core mission of our Charitable Incorporated Organisation (CIO) remains clear and steadfast. As defined in our constitution, our primary objects are:
Community Benefit : To promote the provision of facilities for recreation or other leisure-time occupations for the benefit of the inhabitants of Bolton.
Targeted Support : To provide these facilities specifically for individuals who have a need for them by reason of their youth, age, infirmity or disablement, financial hardship, or social and economic circumstances.
Public Welfare : To serve the public at large in the interests of social welfare, with the ultimate goal of improving the conditions of life for the residents of our community.
Achievements and Activities
Since we have incorporated The Centre of Excellence, we have created robust partnerships with other organisations to further our aims and objectives.
In 2024, we launched an extremely successful Drug Awareness Campaign across Bolton and its surrounding areas, delivering over 50 workshops to Schools, Religious Settings, and Youth Clubs to educate the youth about drug misuse. Similarly, we continued our support to our community by facilitating recreational activities and sports events to people of all ages and backgrounds.
To further these objects, the trustees have exercised their powers to:
Facility Management : Maintain and equip property for community use.
Collaboration: Co-operate with other groups and exchange information to strengthen the local support network in Bolton. Sustainable Growth: Ensure all income and property are applied solely toward the promotion of our charitable objects.
Governance and Transparency
Our charity operates under a "Foundation" model constitution, meaning our voting members are also our charity trustees. This structure ensures that those responsible for the day-to-day management of the CIO are also deeply committed to its long-term strategic goals.
During the year, the Board of Trustees—consisting of Ahmed Patel, Faizal Patel, and Yusuf Atcha—has met regularly to oversee the effective administration of the charity. We continue to manage conflicts of interest rigorously and ensure that all decisions are made in good faith to further our charitable purposes.
Looking Forward
As we move into the next year, our focus remains on expanding our reach within Bolton, ensuring that those facing financial or social hardship have access to the leisure and recreational facilities they need to thrive.
Mr Ahmed Patel - Chair of Trustees 24th December 2025
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THE CENTRE OF EXCELLENCE CIO ACCOUNTS
YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE
For the Achievements and Performance during the year please refer to the Chair's Report on page 4.
FINANCIAL REVIEW AND RESERVES POLICY
The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 31 March 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 2019)
Financial review follows
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and administrative details are as follows: Charity Number: 1205346 Registered Office: 307 Halliwell Road, Bolton, BL1 3PF
This report was approved by the trustees on 24th December 2025 and signed on their behalf by
Mr Ahmed Patel - Chair of Trustees 24th December 2025
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THE CENTRE OF EXCELLENCE CIO ACCOUNTS
YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND TRUSTEES
Structure: The charity is a "Foundation" model Charitable Incorporated Organisation (CIO), meaning its only voting members are its charity trustees.
Governance:
Management: The charity is managed by its charity trustees, who exercise the powers of the CIO to further its charitable purposes.
Decision-Making: Decisions are typically made at trustee meetings by a majority vote of those eligible to vote. A quorum for these meetings is two trustees or one-third of the total number of trustees, whichever is greater.
Membership: Membership is limited to the charity trustees; an individual automatically ceases to be a member when they cease to be a trustee.
Current Trustees:
Ahmed Patel: Appointed for a 4-year term. Faizal Patel: Appointed for a 3-year term. Yusuf Atcha: Appointed for a 2-year term
RESPONSIBILITIES OF THE TRUSTEES FOR THE FINANCIAL STATEMENTS
The trustees are responsible for preparing the report of the trustees' and the financial statements in accordance with applicable law and regulations.
The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity for the period in accordance with the requirements of the Charities SORP. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's 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 provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This Annual Report of the Trustees, prepared under the Charities Act 2011, was approved by the Board of Trustees on 24th December 2025.
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THE CENTRE OF EXCELLENCE CIO ACCOUNTS
YEAR ENDED 31 MARCH 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE CENTRE OF EXCELLENCE
I report to the charity trustees on my examination of the financial statements of the Company for the year ended 31 March 2025.
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 accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the accounts of the Company 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 accounts 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 20121 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act;
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts 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 accounts to be reached.
Mr Mohamed Patel ACCA 16 Marnland Grove Bolton
24th December 2025
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THE CENTRE OF EXCELLENCE CIO ACCOUNTS
YEAR ENDED 31 MARCH 2025
| THE CENTRE OF EXCELLENCE CIO ACCOUNTS YEAR ENDED 31 MARCH 2025 |
THE CENTRE OF EXCELLENCE CIO ACCOUNTS YEAR ENDED 31 MARCH 2025 |
THE CENTRE OF EXCELLENCE CIO ACCOUNTS YEAR ENDED 31 MARCH 2025 |
|
|---|---|---|---|
| STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR | |||
| Note | 12m period | ||
| to 31/03/25 | |||
| Income from: | |||
| Donations and Legacies | 1,075 | ||
| Earned from other activities | - | ||
| Income from Investments | - | ||
| Total Income | 3 | 1,075 | |
| Expenditure on: | |||
| Raising funds | - | ||
| Charitable activities | - | ||
| Total expenditure | 7 | - | |
| Net income/(expenditure) | |||
| Reconciliation of funds: | |||
| Total funds brought forward | - | ||
| Total funds carried forward | 1,075 | ||
| All income received is unrestricted | |||
| BALANCE SHEET AS AT 31 MARCH 2025 | |||
| Fixed assets | Note | 12m period to 31/03/25 |
|
| Tangible assets | 5 | - | |
| Current assets | |||
| Debtors | - | ||
| Cash at bank and in hand | 1,075 | ||
| Creditors: amounts falling due within one year | 10 | - | |
| Net current assets | 1,075 | ||
| Net assets | 1,075 | ||
| Represented by: | |||
| Unrestricted funds | 11 | 1,075 | |
| General Fund | - | ||
| Events Fund | - | ||
| Family Weekend Fund | - | ||
| Total Funds | 1,075 |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
• ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006; and
• preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 24th December 2025 and were signed on its behalf by:
Mr Ahmed Patel Chair of Trustees
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THE CENTRE OF EXCELLENCE CIO ACCOUNTS
YEAR ENDED 31 MARCH 2025
NOTES FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2025
1 - ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements have been prepared in accordance with the provisions of FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and 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)). These financial statements have been prepared under the historical cost convention.
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
DEPRECIATION
Depreciation is provided at a rate calculated to write off the excess of cost over estimated residual value evenly over the estimated useful economic lives of each class of asset, subject The rates are currently as follows:
-
Equipment 20%
-
Motor Vehicle 20%
3 - INCOME
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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it is more likely than not that the trustees will receive the resources; and
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the monetary value can be measured with sufficient reliability.
Running events
Income is included when receivable by the charity, the point at which it becomes certain.
Donations
Income from donations is included when the charity has entitlement, since it is virtually impossible to be certain of the income before this point. Gift aid recovered on donations received is included once the income can be quantified with reasonable accuracy.
Legacies
These are included once the charity's legal right to the legacy has become clear and once the legacy can be quantified with reasonable accuracy.
Grants from charitable foundations
These are recognised as income when receivable unless specific conditions need to be met, and which suggest the grant should be deferred.
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| INCOMING RESOURCES Category Donations & legacies Running events Non-running events Donations Trust income Earned from other activities Special events and trading Family Weekend income Regional & activity events Total income (before investments) |
£ 12m period to 31/03/2025 1,075 - - - - - - - - 1,075 |
|---|---|
INVESTMENT INCOME
| Category Bank Interest TRUSTEES’ REMUNERATION No Expenses were remunerated by the trustees 5 - TANGIBLE FIXED ASSETS Item Cost as 1st January 20xx Depreciation as 1st January 20xx Charge for the year At 31st December 20xx Net book value at 31st December 20xx |
12m period to 31/03/2025 £ £ £ Equipment £ Motor Vehicle £ Total £ - - - - - - - - - - - - - - - |
|---|---|
GRANTS PAYABLE
No Grants payable for the year
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| 7 - ALLOCATION OF COSTS - EXPENDITURE OF CHARITABLE | £ | £ | £ | £ | £ | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| ACTIVITIES | ||||||||||
| Category | Expenditure on raising funds £ | General cost of events | General Support | Awareness of charity £ | 12m period to 31/03/25 £ | |||||
| Cost of running events | - | - | - | - | - | |||||
| Grants made to families | - | - | - | - | - | |||||
| General support | - | - | - | - | - | |||||
| General fundraising | - | - | - | - | - | |||||
| General administrative expenses | - | - | - | - | - | |||||
| Staff costs | - | - | - | - | - | |||||
| Travel | - | - | - | - | - | |||||
| Professional fees | - | - | - | - | - | |||||
| Stationery | - | - | - | - | - | |||||
| Design and printing | - | - | - | - | - | |||||
| Accommodation | - | - | - | - | - | |||||
| Telephone and postage | - | - | - | - | - | |||||
| Subsistence | - | - | - | - | - | |||||
| Computer costs | - | - | - | - | - | |||||
| Sundry expenses | - | - | - | - | - | |||||
| Cost of special events | - | - | - | - | - | |||||
| Other events | - | - | - | - | - | |||||
| COST OF RUNNING EVENTS | ||||||||||
| Category | - | - | - | - | - | |||||
| Directly attributable running event costs | - | - | - | - | - | |||||
| Income processing fees | - | - | - | - | - | |||||
| Staff costs | - | - | - | - | - | |||||
| General administrative expenses | - | - | - | - | - | |||||
| Postage and printing | - | - | - | - | - | |||||
| Travel and subsistence | - | - | - | - | - | |||||
| Miscellaneous | - | - | - | - | - |
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NOTES FORMING PART OF THE ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2025
8 - STAFF NUMBERS & COSTS
12m period to 31/03/2025 - Wages and salaries - Employer NIC Pension costs - 9 - DEBTORS (all Prepayments) 31/03/2025 Debtors - 10 - CREDITORS: Amounts falling due within one year 31/03/2025 Trade creditors - Accruals - Other Creditors - 11 - STATEMENT OF UNRESTRICTED FUNDS General Fund Event Fund - - At 1st April 2024 - - Surplus for the period Transfer between funds - - At 31 March 2025 1,075 -
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NOTES FORMING PART OF THE ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2025
12 – MOVEMENT IN FUNDS
| 12 – MOVEMENT IN FUNDS | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |||||||
| Unrestricted Funds: | At 1.4.2024 | Incoming Resources (Inc Gains | Outgoing Resources | Transfers | At 31.03.2025 | ||||||
| Unrestricted funds | - | 1,075 | - | - | 1,075 | ||||||
| General Fund | - | - | - | - | - | ||||||
| Family Weekend Fund | - | - | - | - | - | ||||||
| Events Fund | - | - | - | - | - | ||||||
| Restricted Funds: | - | - | - | - | - | ||||||
| Designated Fund | - | - | - | - | - | ||||||
| Project Fund | - | - | - | - | - |
13 RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025 (2024: None).
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