Charity number: 221844 St Marys Social Centre Roport of the Trustees and Unaudited Financial Statements For tho year ended 31 March 2024
St Marys Social Centre Contents Page For the year ended 31 March 2024 Report ofthe Truste8S 1to2 Independent Examiner's Report lo the Trustees stat8mènt of Financial Activities Statement ol Financial Position Notes to the Financial Statements 6t010
St Marys Social Centre Report of the Trustees For the year ended 31 March 2024 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 Maich 2024. The Trustees have adopted the proM5ions of Accounting and Reporting by Charitie5." Statetnent of Recommended Pra¢tl¢e 8pplicablg to ¢h8rilies preparing their awounts in acoordance with the Financial Reporting Standard applicable in the UK and the Republic ol Iland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Obj8CtIV8s and aims Th& charity's objects are.. 1. To provide social, recreational, cultural and other amenities piimarily for persons living on the Nevill, Downs and Wallands Estates of Lewes, but also for any other person irrespgctive of wlour. creed. politic81 views and other bias. 2. To provide facilities for thg running of 8 Pl8ygroup in 8¢oordance with the aims of the Pre Schools Playgroups Constitution. The tNstees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity IP821'. ACHIEVEMENTS AND PERFORMANCE Significant activitie5 W8 hav8 comm8nc8d 5ubstsntial r8pairslreplac8ments this y88r with more of those costs to (X)rn8 in n8Xt y8ar. W8 hav8 replaced all of the hall lighting with LED lights. we are part way through the new kitchen installation with this due to complete Aug 2024, we have installed some new radiators, toilet refurb, replaced 2extemal doors with UPVC. We are sts"Il in negotiations with LDC regarding the new lease. FINANCIAL REVIEW Slgnlflcant events The attached accounts detail the financial position of the Charity. The result for the year shows a deficit of £3,38112023 surplus £1,976). The trustees are grateful for the generosity of grant funders who have allowed the charity to (x)ntinue. The trustees consider the financial position as at 31 March 2024 to be satisfactory. R•serves At th8 y8ar end the ChartLy had fr88 r8S8rv85 of £77,758, considerably tnore than is d8ern8d n8C85sary. Th8 Trust8es hav8 decided to retain these reserves given there is uncertainly over the kase of the current building. Golng concern The Trustees consider that the Charity is a going concern. The Trustees have assessed the major risks to which the Charity is exposed. These risks are identffied in the areas of financ8 and th8 operating ass8ts of th8 Centr8. The Trustees are sati5fi8d that the syst8tns and procedur85 in place will enable the efficient rnanagement of those risks. The Trustees have a policy to review these risks annually. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The unincorporated charity is govemed by its constitution and rule book. Rècruitment and appointsnent of trustees The rules of the ch8rity st8te that there shall be a minimum of 3 and a Maximum of 5 appointed Trustees. In the case of a Trustee ceasing lo act as such lor any reason, the remaining Trustees may appoint another Trustee to take their place. New trust88s ar8 advis8d of th8ir responsibilth'8s as Truste8s on appointment. The Trustees report that in accordance with the rule book, they have endeavored to comply with the aims and objects of the charity. reasonable and prodent judgm8nts and 8Stim8t85 are us8d in th8 m8nag8rn8nt of th8 Social c8ntre op8rations to 8nsur8 the correct application of funds and incorne. The assets of the charity have been carefully managed for the advantage of the Social Centre. REFERENCE AND ADMINISTRATIVE INFORMATION Name of Chari¢y St Marys Social Centre 1of10
St Marys Social Centre Report of the Trustees Continued For the year ended 31 March 2024 Charfty rIstratIOn number Prlnclpal address 221844 Christie Road Lewes East Sussex BN71PL Tru$tee$ The trustees and offir$ setving during the year and Sin the year end were as follows.. Mr A Gander Mr C Reynolds Mrs SA Courch8 Mr N Hazel Mrs S Tillrnan Indep8nd8nt 8xaminer Carolin8 Clarke ACA 66 High Street Lewes East Sussex BN71XG Approved by the Board of Trustees and signed on ils behalf by Mr C Reynolds 2of10
St Marys Social Centre Independent Examiners Report to the Trustees For the year ended 31 March 2024 I report lo the trustees on tny exarnination of the accounts of the charity for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees, you are responsible for the preparation ol the accounts in accordan with the requirements ol the Charities Act 2011 I'the 2011 Act'l. I report in respect of my examinats.on of the charity's accounts Carried out under section 145 of the 2011 Act and in carrying out my examination I have follow8d 811 the 8pplicab18 Dir8ction5 given by th8 Charity Cornmission und8r s8Ction 14515llbl of the Act. Independent examlners statement I have completed my examination. l Confirm that no matters have come to my attention in connection with the examination giving me cause to believ8 that in any material respect.. 1. accounting records were not kept in respect irfthe Charity as required by section 130 of the 2011 Act., 01 2. the acwunts do not accord with those records.. or 3. the accounts do not comply with the applicable qU1ments concerning the form and content ol accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirernent that the accounts give a'true and fair view. which is not a matter considered as part of an independent examination. I have no conc8rns and have com8 across no other matiers in conn&ction wth the exarnin8tion to which attention should b& drawn in this report in order lo enable a proper understanding ol the accounts to be reached. Caroline Clarke ACA 66 High Str88t Lewes East Sussex BN7 1XG 3of10
St Marys Social Centre Statement of Financial Activitles For the year ended 31 March 2024 Notes Unrestrlcted funds 2023 Incomg and 8ndowment5 from.. Donations and legacies Charitable activities 1,610 26,624 998 1,500 33,740 240 Investtnent5 Total 29,232 35.480 Expendlture on: Charitable activit18S 516 132,6131 132,6131 133,5041 133,5041 Total Net incomelexpenditure Reconciliztion of funds 13,3811 1.976 Total funds brought forward Total fund$ ¢arrled fokward 81,139 77.758 79,163 81.139 4of10
St Marys Social Centre Statement of Financial Positlon As at 31 March 2024 Notes 2024 2023 Fixed assets Tangible assets 12 6.572 6,572 cur1 assets Debtors Cash at bank and in hand 13 1,630 69,736 71,366 11801 1,965 79,654 81.619 ¢ditorS.. amounts falling due within one year 14 14801 Net current asset5 71,186 77.758 81,139 81.139 Totsl a$sd$ le$$ ¢urrent Ilabllllles Net assets 77,758 81.139 The funds of the chzrity Unrestricted income funds 77,758 77,758 81,139 81.139 Total funds Th8 financial stat8ments wer8 approv8d arid auth0ri58d for is5U8 by th8 Board and signed on its b8halF by.. 5of10
St Marys Social Centre Notes to the Financial Statements For the year ended 31 March 2024 1. Accounting Policie5 Basis of accounting The financial staternents have been prepared under the historical cost convention, except for investrnents which are included at market value and the revaluation ol certain fixed assets and in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charitie5'. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 8ppIic8ble in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,. Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, and the Charities Act 2011. St Marys Social Centre meets the definition ol a public benefit entity un(Jer FRS 102. Assets and liabilities a inits.ally r8cognised at historic81 cost or transaction v8lu8 unl8SS Otherwise Stat8d in th8 r81evant accounting policy notelsl. Golng ¢on¢ern The finantsal statements are prepared, on a going concem basis, under the historical cost convention. Funds The charity tnaintains a general unrestricted fund which represent5 funds which are expendable at the discretion of the truste85 in furtherance of th& objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Designated funds comprise ol unrestricted funds that have been set aside by the Trustees for particular purposes. Restricted funds have been provided to the charity for particular purposes. and it is Ihe policy of the board of tNstees to cafullY monitor the application of those funds in accordanTr wth the restrictions plad upon them. There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that deseribed above Incomln9 resoue$ All in¢oming resour$ are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with asonable accuracy. Re50urce5 expended Liabilities are recognised as resources expended when there is a legal or constructive obligation cornrnitting the Charity to the expenditure. Taxatlon As a registered charity, the company is exempt from income and corporation tax lo the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is nol recoverable by the cornpany, and is therefore included in the relevant Costs in the Staternent of Financial A¢tivities. Tanglble fixed as$et$ Tangible fixed assets, other than freehold land. are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is prowded al rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value. over their expected useful lives on the following basis.. Fixtures and fittings 25Yo Reducing balance 6of10
St Marys Social Centre Notes to the Financial Statements Contlnued For the year ended 31 March 2024 2. Income from donations and legacies 2024 2023 Unrestricted fund$ Grants reiVed 1,610 1,500 1,610 3. Income from charltable adlvltles 2024 2023 Un$t¢tell funds Running a social Gentre Hall hire 10,448 15,311 550 10,841 20,669 1.540 690 Pantotnitne Ineome Playgroup incorne Other income 315 26,624 33.740 26,624 33,740 4. Investment inetsme 2024 2023 Unrestricted funds Bank interest receivable 998 240 998 240 5. Costs of charitable activities by fund type 2024 2023 Unrestrlcteil funds Running a social centre Support ¢osts 10,122 22,491 11,665 21,839 32,613 33,504 7of10
St Marys Social Centre Notes to the Financial Statements Contlnued For the year ended 31 March 2024 6. Costs of charltable actlvltles by actlvlty type Activitl8S undertaken dlrectly Support costs 2024 2023 Support ¢o$ts Running a social centre 10,122 22,491 32,613 33.504 7. Analysls of support costs 2024 2023 Running a Social centre Management Rent 6,000 4.391 7,555 1,410 1.483 108 6,000 3.778 7,906 1,594 1,386 395 R8p8irs and m8intenanc8 Cleaning Insurance Stationery, postage, IT and website Book keeping 300 300 21,247 21,359 Flnance DepCiatIon - owned a5setS 764 Governance costs Accountancy fees 480 480 22.491 21.839 8. Net Incomellexpendlturel for the year This is stated after chargingllcr8ditingl.. 2024 2023 Depreciatitsn of owned fixed assets Accountancy fees 764 480 480 8of10
St Marys Social Centre Notes to the Financial Statements Contlnued For the year ended 31 March 2024 9. Particulars of employees 2024 2023 Staff 10. Trustee remuneration and relatsd party transactions The charity Iwstees were not paid or received any other benefits from empbyment wth the charity in the year12023.'£nill. 11. Compardtive for the Statement of Financial Activities The comparative year values on the Statement ol Financial Activites are for unrestricted funds. 12. Tanglble flxed assets Fixtures and fittings Cost or valuation At 01 April 2023 Additions 917 7,336 8,253 At 31 March 2024 Depreciation At 01 April 2023 Chargg for ye8r At 31 March 2024 917 764 1.681 Net book value$ At 31 March 2024 6.572 At 31 March 2023 13. Debtors 2024 2023 Amounts due wlthln one year.. Prepayments and accrued incom8 Other debtors 1,500 130 1,500 465 1,630 1,965 9of10
St Marys Social Centre Notes to the Financial Statements Contlnued For the year ended 31 March 2024 14. Credl¢or$'. amoun1$ fallln9 due wlthln one year 2024 2023 Accruals and deferred in(x)me 180 480 180 16. Analysls of net assets between funds Tangible fixed assets Net Current assots Net Assets Unrestrieteil funds General G8neral 6,572 71,186 77,758 6.572 71.186 77.758 Previous year Tangible fixed assets Net current asset8 Net Assets Unrestrictsd funds General General 81.139 81.139 81,139 81,139 10of10