**Charity Registration No. 216905**
## **WARSTOCK COMMUNITY CENTRE**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021**
## **WARSTOCK COMMUNITY CENTRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mr Kenneth Axford Mrs Kath Davies Mr John Barnes MBE Mrs S Axford Mr P Haylor
**Charity number** 216905 **Principal address** 1 Daisy Farm Road Warstock Birmingham West Midlands B14 4QA
**Independent examiner** M T Manley & Co Limited 696 Yardley Wood Road Billesley Birmingham West Midlands United Kingdom B13 0HY
## **WARSTOCK COMMUNITY CENTRE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 11|
## **WARSTOCK COMMUNITY CENTRE**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
The trustees present their report and financial statements for the year ended 31 March 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
## **Objectives and activities**
The objects are to promote the benefit of the inhabitants of Warstock, Maypole, Yardley Wood and Highters Heath areas, by association with local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants. The policies adopted in furtherance of these objects are the provision of accomodation for the use of the community, and there has been no change in these during the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The main activity was the provision of a community centre for the use of community groups.
The charity's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.
Information of matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.
## **Achievements and performance**
The charity is happy that it has managed to obtain sufficient funds to carry on in difficult times.
## **Financial review**
The charity has performed well in light of the Covid 19 restrictions and the current economic climate.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity was established by a charitable trust deed on 7 June 1963.
The trustees who served during the year and up to the date of signature of the financial statements were:
Mr Kenneth Axford Mrs Kath Davies Mr John Barnes MBE Mrs S Axford Mr P Haylor
- 1 -
## **WARSTOCK COMMUNITY CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
The trustees are elected at the AGM. Recruitement can be a problem but trustees are usually appointed by recommendation or by someone who attends a group.
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The trustees normally meet monthly, with a management committee that meets bi-monthly.
There are no known related parties.
The trustees' r eport was approved by the Board of Trustees.
## **Mr John Barnes MBE**
Trustee/Treasurer Dated: 23 August 2021
- 2 -
## **WARSTOCK COMMUNITY CENTRE**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARSTOCK COMMUNITY CENTRE**
I report to the trustees on my examination of the financial statements of Warstock Community Centre (the charity) for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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 financial statements to be reached.
M T Manley & Co Limited
696 Yardley Wood Road Billesley Birmingham West Midlands B13 0HY United Kingdom
Dated: 23 August 2021
- 3 -
## **WARSTOCK COMMUNITY CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2021**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income from:**
Donations and grants
**3**
79,090
-
Charitable activities
**4**
9,897
-
Investments
**5**
88
-
**Total income**
89,075
-
**Expenditure on:**
Charitable activities
**6**
76,243
7,749
**Net income/(expenditure)**
**for the year/**
**Net movement in funds**
12,832
(7,749)
Fund balances at 1
April 2020
55,391
14,491
**Fund balances at 31**
**March 2021**
68,223
6,742|**Total**Unrestricted
Restricted
funds
funds
**2021**
2020
2020
**£**
**£**
**£**
79,090
1,522
642
9,897
47,760
9,300
88
175
-
89,075
49,457
9,942
83,992
48,907
19,012
5,083
550
(9,070)
69,882
54,842
23,561
74,965
55,392
14,491|Total
2020
**£**
2,164
57,060
175
59,399
67,919
(8,520)
78,403
69,883|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 4 -
## **WARSTOCK COMMUNITY CENTRE**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2021**_
|**Notes**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**11**
Net current assets
**Income funds**
Restricted funds
**12**
Unrestricted funds|**2021**
**£**
3,048
70,804
73,852
1,113|**£**
74,965
6,742
68,223
74,965|**2020**
**£**
2,982
67,952
70,934
(1,051)|**£**
69,883
14,491
55,392
69,883|
|---|---|---|---|---|
The financial statements were approved by the Trustees on 23 August 2021
Mr John Barnes MBE **Trustee**
- 5 -
## **WARSTOCK COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **Charity information**
Warstock Community Centre is a registered charity.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 6 -
## **WARSTOCK COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **1.6 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 7 -
## **WARSTOCK COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **3 Donations and grants**
|**Unrestricted**Unrestricted
Restricted
**funds**
funds
funds
**2021**
2020
2020
**£**
£
£
Donations and gifts
4,050
1,522
642
Covid related grants
75,040
-
-
79,090
1,522
642|Total
2020
£
2,164
-
2,164|
|---|---|
## **4 Charitable activities**
|**Charges for**
**hall hire**
**Charges for**
**hall hire**
**Food**
**contribution**
**s**
**2021**
**2020**
**2020**
**£**
**£**
**£**
Sales within charitable activities
9,897
47,760
9,300
Analysis by fund
Unrestricted funds
9,897
47,760
-
Restricted funds
-
-
9,300|**Total**
**2020**
**£**
57,060
47,760
9,300|
|---|---|
## **5 Investments**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2021**|2020|
||**£**|£|
|Interest receivable|88|175|
- 8 -
## **WARSTOCK COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **6 Charitable activities**
|Staff costs
Food
Miscellaneous
Share of support costs (see note 7)
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Rates
(559)
-
Heat & light
772
-
Repairs & maintenance
36,005
-
Sundry expenses
1,007
-
Legal & professional
632
-
Donations
-
-
Independent examiner
fees
-
708
37,857
708
Analysed between
Charitable activities
37,857
708|**Direct**
**charitable**
**expenditure**
**Direct**
**charitable**
**expenditure**
**2021**
**2020**
**£**
**£**
45,427
46,700
-
2,864
-
1,190
45,427
50,754
37,857
16,481
708
684
83,992
67,919
76,243
48,907
7,749
19,012
83,992
67,919
**2021**
Support
costs
Governance
costs
2020
**£**
£
£
£
(559)
2,600
-
2,600
772
4,741
-
4,741
36,005
5,937
-
5,937
1,007
1,409
-
1,409
632
1,496
-
1,496
-
298
-
298
708
-
684
684
38,565
16,481
684
17,165
38,565
16,481
684
17,165|
|---|---|
## **7 Support costs**
Governance costs includes payments to the independent examiners of £708 (2020- £684) for professional fees.
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**WARSTOCK COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year, and none of them were reimbursed any travelling expenses (2020- none were reimbursed anything).
## **9 Employees**
The average monthly number employees during the year was 4 part time staff.
|||**2021**|**2020**|
|---|---|---|---|
|||**Number**|**Number**|
|||4|4|
||**Employment costs**|**2021**|**2020**|
|||**£**|**£**|
||Wages and salaries|45,427|46,700|
|**10**|**Debtors**|||
|||**2021**|**2020**|
||**Amounts falling due within one year:**|**£**|**£**|
||Trade debtors|607|541|
||Other debtors|2,441|2,441|
|||3,048|2,982|
|**11**|**Creditors: amounts falling due within one year**|||
|||**2021**|**2020**|
|||**£**|**£**|
||Other taxation and social security|-|620|
||Trade creditors|(1,113)|431|
|||(1,113)|1,051|
- 10 -
## **WARSTOCK COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **12 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
||||**Movement in funds**|**Movement in funds**|||||
|---|---|---|---|---|---|---|---|---|
|||**Balance at**|
**Incoming**|**Resources**|**Balance at**|**Resources**||**Balance at**|
|||**1 April 2019**|
**resources**|**expended**|**1 April 2020**|**expended**|
**31**|**March 2021**|
|||**£**|
**£**|**£**|**£**|**£**||**£**|
||Luncheon Club|8,268|
9,942|(19,012)|(802)|-||(802)|
||Lottery Improvements|12,793|
-|-|12,793|(7,749)||5,044|
||Community Asset Transfer
2,500||
-|-|2,500|-||2,500|
|||23,561|
9,942|(19,012)|14,491|(7,749)||6,742|
|**13**|**Analysis of net assets**|**between funds**|||||||
|||**Unrestricted**|**Restricted**|**Total**Unrestricted||Restricted||Total|
|||**funds**|**funds**||funds|funds|||
|||**2021**|**2021**|**2021**|2020|2020||2020|
|||**£**|**£**|**£**|£|£||£|
||Fund balances at 31||||||||
||March 2021 are||||||||
||represented by:||||||||
||Current assets/||||||||
||(liabilities)|68,223|6,742|74,965|55,392|14,491||69,883|
|||68,223|6,742|74,965|55,392|14,491||69,883|
- 11 -