REGISTERED CHARITY NUMBER: 213196 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for The Thomas Wall Centre Ark Accountancy Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW The Thomas Wall Centre Contents of the Financial Statements for the Year Ended 31 December 2024 ||Page| |---|---| |Report of the Trustees|1 to 2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6 to 10| |Detailed Statement of Financial Activities|11| The Thomas Wall Centre Report of the Trustees for the Year Ended 31 December 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The provision and maintenance of a community centre for the use of the inhabitants of the London Borough of Sutton without distinction of political, religious or other opinions, including the use for meetings, lectures and classes, and of other forms of recreation and leisure time occupation, with the object of improving the conditions of life for the said inhabitants. ## **Significant activities** The Thomas Wall Centre continues to serve the local community and significant activities to repair the centre are ongoing. The caretaker's flat is being restored and updated so this can be rented to a permanent tenant which will in turn help us fund the vast job of changing every fire door in the centre. ## **Public benefit** The public continues to benefit using the centre serving the elderly, pre-school, church, keep fit and the muslim community who are regular users of the centre. ## **Volunteers** We are still searching and trying to recruit volunteers but so far this has been unsuccessful. We will continue to look for more trustees and helpers. ## **ACHIEVEMENTS AND PERFORMANCE** ## **Charitable activities** The Thomas wall centres main purpose is to provide affordable spaces for members of the public small businesses and other charities to operate. We provide spaces for food banks, religious events, blood donations, sports and academic studies to name a a few. All funds raised are used to maintain the premises and staff cost. We also facilitate community payback schemes utilising volunteers for maintenance. We maintain the main focus of the centre which is to provide spaces for groups across the diverse community that resides within Sutton in future to be able to offer more activities that will benefit our community at low or no cost. ## **Fundraising activities** Currently there are no fundraising activities or any planned and our principal funding sources are our regular room renters who continue to use us all year round including the memberships from snooker, bowls and badminton. ## **FINANCIAL REVIEW** ## **Reserves policy** Our reserves policy is to hold 3 month's rental in the account as we always have done. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **Recruitment and appointment of new trustees** We will continue to serve the community moving forward and recruit more trustees in the future. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 213196 Page 1 The Thomas Wall Centre Report of the Trustees for the Year Ended 31 December 2024 **Principal address** 52 Benhill Avenue Sutton Surrey SM1 4DP ## **Trustees** Ms A Dalley J Mill L Houston ## **Independent Examiner** Mary E Ryan FCCA, Cert PFS, DChA Ark Accountancy Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ J Mill - Trustee Page 2 Independent Examiner's Report to the Trustees of The Thomas Wall Centre ## **Independent examiner's report to the trustees of The Thomas Wall Centre** I report to the charity trustees on my examination of the accounts of The Thomas Wall Centre (the Trust) for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Mary E Ryan FCCA, Cert PFS, DChA The Association of Chartered Certified Accountants Ark Accountancy Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW Date: ............................................. Page 3 The Thomas Wall Centre ## Statement of Financial Activities for the Year Ended 31 December 2024 |||31.12.24|31.12.23| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |**Charitable activities**|||| |General||4,075|4,500| |Investment income|2|174,917|105,884| |**Total**||178,992|110,384| |**EXPENDITURE ON**|||| |**Charitable activities**|||| |General||166,771|130,024| |**NET INCOME/(EXPENDITURE)**||12,221|(19,640)| |**Other recognised gains/(losses)**|||| |Gains on revaluation of fixed assets||385|2,552| |**Net movement in funds**||12,606|(17,088)| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward||140,335|157,423| |**TOTAL FUNDS CARRIED FORWARD**||152,941|140,335| The notes form part of these financial statements Page 4 The Thomas Wall Centre Balance Sheet 31 December 2024 |31.12.24
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Investments
7
33,347
**CURRENT ASSETS**
Debtors
8
9,228
Cash at bank
118,844
128,072
**CREDITORS**
Amounts falling due within one year
9
(8,478)
**NET CURRENT ASSETS**
119,594
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
152,941
**NET ASSETS**
152,941
**FUNDS**
10
Unrestricted funds
152,941
**TOTAL FUNDS**
152,941|31.12.23
Total
funds
£
32,962
8,371
105,914
114,285
(6,912)
107,373
140,335
140,335
140,335
140,335| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. L Houston - Trustee ............................................. J Mill - Trustee The notes form part of these financial statements Page 5 The Thomas Wall Centre Notes to the Financial Statements for the Year Ended 31 December 2024 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on cost ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 6 continued... The Thomas Wall Centre Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## **2. INVESTMENT INCOME** |Hall hire
Other fixed asset invest - FII
Deposit account interest|31.12.24
£
173,491
109
1,317
174,917|31.12.23
£
104,656
84
1,144| |---|---|---| |||105,884| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** Remuneration of £11,645 (2023 £10,660) was paid to one trustee. This is allowed under the governing document. ## **Trustees' expenses** Expenses of nil (2023 £269) were reimbursed to one trustee for general expenses of the charity. ## **4. STAFF COSTS** The average monthly number of employees during the year was as follows: ||31.12.24|31.12.23| |---|---|---| |Administration|2|4| The full time equivalent was 2 (2023: 2) No employees received emoluments in excess of £60,000 ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |**Charitable activities**|| |General|4,500| |Investment income|105,884| |**Total**|110,384| |**EXPENDITURE ON**|| |**Charitable activities**|| |General|130,024| |**NET INCOME/(EXPENDITURE)**|(19,640)| |**Other recognised gains/(losses)**|| |Gains on revaluation of fixed assets|2,552| |**Net movement in funds**|(17,088)| continued... Page 7 The Thomas Wall Centre Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** |||Unrestricted| |---|---|---| |||fund| |||£| ||**RECONCILIATION OF FUNDS**|| ||Total funds brought forward|157,423| ||**TOTAL FUNDS CARRIED FORWARD**|140,335| |**6.**|**TANGIBLE FIXED ASSETS**|| |||Fixtures| |||and| |||fittings| |||£| ||**COST**|| ||At 1 January 2024 and 31 December 2024|12,794| ||**DEPRECIATION**|| ||At 1 January 2024 and 31 December 2024|12,794| ||**NET BOOK VALUE**|| ||At 31 December 2024|-| ||At 31 December 2023|-| |**7.**|**FIXED ASSET INVESTMENTS**|| |||Listed| |||investments| |||£| ||**MARKET VALUE**|| ||At 1 January 2024|32,962| ||Revaluations|385| ||At 31 December 2024|33,347| ||**NET BOOK VALUE**|| ||At 31 December 2024|33,347| ||At 31 December 2023|32,962| ||There were no investment assets outside the UK.|| ||Cost or valuation at 31 December 2024 is represented by:|| |||Listed| |||investments| |||£| ||Valuation in 2021|33,974| ||Valuation in 2022|(3,564)| ||Valuation in 2023|2,552| ||Valuation in 2024|385| |||33,347| continued... Page 8 Page 8 continued... The Thomas Wall Centre ## Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## **8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade debtors
Prepayments
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors
**10.**
**MOVEMENT IN FUNDS**
At 1.1.24
£
**Unrestricted funds**
General fund
140,335
**TOTAL FUNDS**
140,335
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
178,992
(166,771)
**TOTAL FUNDS**
178,992
(166,771)
**Comparatives for movement in funds**
At 1.1.23
£
**Unrestricted funds**
General fund
157,423
**TOTAL FUNDS**
157,423|31.12.24
31.12.23
£
£
396
495
8,832
7,876
9,228
8,371
31.12.24
31.12.23
£
£
2,103
2,061
6,375
4,851
8,478
6,912
Net
movement
At
in funds
31.12.24
£
£
12,606
152,941
12,606
152,941
Gains and
Movement
losses
in funds
£
£
385
12,606
385
12,606
Net
movement
At
in funds
31.12.23
£
£
(17,088)
140,335
(17,088)
140,335| |---|---| continued... Page 9 The Thomas Wall Centre Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## **10. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
110,384
110,384|Resources
expended
£
(130,024)
(130,024)|Gains and
Movement
losses
in funds
£
£
2,552
(17,088)
2,552
(17,088)| |---|---|---|---| ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2024. Page 10 The Thomas Wall Centre Detailed Statement of Financial Activities for the Year Ended 31 December 2024 |Detailed Statement of Financial Activities
for the Year Ended 31 December 2024||| |---|---|---| ||31.12.24|31.12.23| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Investment income**||| |Hall hire|173,491|104,656| |Other fixed asset invest - FII|109|84| |Deposit account interest|1,317|1,144| ||174,917|105,884| |**Charitable activities**||| |Bowls, snooker, badminton|4,075|4,500| |**Total incoming resources**|178,992|110,384| |**EXPENDITURE**||| |**Charitable activities**||| |Wages|24,231|25,477| |Pensions|190|165| |Rates and water|13,362|12,383| |Insurance|9,459|9,643| |Light and heat|29,631|33,647| |Telephone|1,793|1,207| |Postage and stationery|921|-| |Sundries|2,214|1,493| |Repairs & maintenance|60,603|31,151| |Cleaning|5,337|20| |HR & Recruitment|648|864| ||148,389|116,050| |**Support costs**||| |**Management**||| |Trustees' salaries|14,645|10,851| |Trustees' pension contributions|252|133| ||14,897|10,984| |**Finance**||| |Fixtures and fittings|-|1,466| |**Governance costs**||| |Accountancy fees|3,485|1,524| |Total resources expended|166,771|130,024| |**Net income/(expenditure)**|12,221|(19,640)| This page does not form part of the statutory financial statements Page 11