THE ST FAITHS CENTRE TRUST IHORSHAM & NEwfoN) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Règistered Charlty No. 276225
THE ST FAITHS CENTRE TRUST IHORSHAM & NEwfoNI CONTENTS OF THE FINANCIAL STATEMENTS forth• yèar •nded 31 March 2024 Page General Infomation Report of the Trnstees Rgport of thg Independent Examlners Statornonti of Flnanclal ActlvlJ•s Balance Sheet Notes to the Financial Statements
THE ST FAITHS CENTRE TRUST (HORSHAM & NEwfoN) GENERAL INFORMATION for the year ended 31 March 2024 ADDRESS: Manor Road Horsham St FaSlh Norwrch Norfolk NR10 3LF TRVSTEES: Mrs J Fisher Mrs C Quinton Ms L Thompson Mr D Malkin Mr D Rivers Ch81r Chalr Vice ChAir Vice Chair Appoinlgd -21 June 2023 Resigned -12 April 2023 Appoin18d-14 Septerrtber 2023 Resigned -14 September 2023 R8sign8d-12 April 2023 SECRETARY: Mrs L Matkin Appointed -12 Aprfl 2023 TREASURER: Mr S Mcmillan Mr M Wilson Appointed -01 April 2024 Resigned -01 April 2024 MANAGEMENT COMMITTEE.. Mr D Fisher Mr G Matthèwson Mr P Davey Mrs M Rodgery Mr C Syder MrT Saundars Mr N Howe Mr P Chapman Mr M Mcmillan Mr R Patton Appointed -22 Juna 2023 Appointed -22 Jur>e 2023 Appointed-22 Jun8 2023 Appoinl8d-22 June 2023 Appointed -22 Jung 2023 Resign8d-22 June 2023 Resigned -22 Juno 2023 Resignod-22 Jung 2023 Resigned-22 June 2023 BANKERS". Lloyds Bank PIC 16 Gentlemans Walk Norwich Norfolk NR2 1LZ INDEPENDENT EXAMINER: A ONes FCCA FCA Sexty & Co Chartered Certlfled Accountants 2a Church Street North Walsham Norfotk NR28 9DA
THE ST FAITHS CENTRE TRUST {HORSHAM & NEvON) TRUSTEES, REPORT for the y•ar ended 31 March 2024 Hlstory In 1978, a Commtitee was fomied lo ralse funds for a Vi118ge Hall. Foresight, vision and money raised by a variety of events resulted in St Farths Community Centre, phase 1 of which opened Sn Decemb8r 1985 following the purchase of the land by the parish council. Thls included the construction of a sports hall. Fund raising continued and phase 2, including a bar and function room. opened in March 1991 followed by phas 3, including a snooker room, swimming pool, band room and gymnasium. in April 2000. Gov•rnlng docum•nt The charity is governed by a trust deed dated 28th June 1978 amended 2nd April 2008 and 8th April 2013. ObJectlv•s and Actlvltles of the Trust The objectives and activib'es of the Trust are to provlde a Community Centre for the inhabitants of tha parishes of Horsham St Fallh and Newton St Faith. The centre provides a host of sports facilities and entertainment all year round. Rooms are available for hiring lor lunctions and parties. Achievements and Pèrformance We are gradually réluming lo normality after covld wlth the bar back lo opening 7 evenings a week. W8 now hav8 a new bar manager wh) Is working really hard to generate more revenue for the club. We have revamped the swimming pool And the tennis courts and are now uslng an online booking system which is working extremely well. We Are worklng really hard to encourage people to US8 these facilities and they have both generated many more members which is great news for the club. Thar8 are also basketball nets available lo be used free of Charge which have been well recelved. We are still being hil hard by energy prlces but hopefully these will gradually decr8aso and with MO users of the club we are hopeful going forward. We have generously bèen offered a new webstte paid for by Ivan Fisher Fun8ral Homes and the work on this Is now tsking place to anable us to move forward in a positive way. With a faiAy new committee we are glill feeling our way, but golng forward we are fegling really F7osilive and are doing all we can lo support this wonderful fa¢illty. RevSew of the actlvltles and results The statement of financial activities for Ihe year Is set out on page 5. The total incoming rgsourc8s amounted to £77.666 (2023 £46.6001. After d9ducting the lolal resources expgnded of £62,17412023 £63,040) Ih8r8 were net incomlng resources of £15,492 (2023 £16,440 n81 outgoing reSoUts1. The net outgoing resources have been deducted from the total funds lo l&ave a balance al 31 March 2024 of £268,73712023 £253,245). Govemance and Internal control Charfly law requires th8 trustees to prepar6 fln8nclal statements for each financial yearwhich show a true and fair view of the slate of affairs of the charSty and its financial aGtivib'es for that period. In preparing those financial statements, the Iruslees are requirgd lo: select sultable accounting policips and then apply them consistently., make Judgements and •stimales that are reasonabl8 and prudent. stale whethor applicable accounting standards and statements of rocommended practice have been followed, subject to any departur8s disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is Inappropriate lo presume that the harity will continue in op8rational existence.
THE ST FAITHS CENTRE TRUST {HORSHAM & NEwfoN) TRUSTEES. REPORT Icontlnued) for the year ended 31 March 2024 The tnjslees are rèsponsible for keeping proper accounting records which disclose with reasonable accura¢y al any time the financial position of the charity and tc enable them lo ensure that the flnancial statements comply with the Charities Act 2011. They are also rosponsible for safeguarding the assets of the charty Bnd hence for tsklng reasonable steps for the prevention and detection of fraud and other Irregularities. Th8 trustees who served during the ye8r and up to th• date of this report arg 581 out on page 1. Tha trustees are fully responsible for decision makln9 and meet regularty. Appolntment of trustees New trustees are appointed by existlng Iruste8s as and whgn the need arises. The management committee decides when there is a need for a new trustee to be appoinlod. Publlc b&n8fft ststement The trusleas confim that they have complled wlth the duty in S8Ction 17 01 the Charities Act 2011 to have due regard to the Charity Commission'5 guidance cfi public benefit. 'Gharilies and Public Benefft,. Risk management The charity monitors its risk on an ongoing basis and has ensured that both polkles and funding lo mitigate those risks will be mel during the financial year 2024125. Intern81 risks are minimized by thé implemenlatlon of authorisatknn and checking procedures covering all transactions undertaken and monitoring procedures to ensure consistent and quality dellvery of the servic9S provided by the centre. The truslges regularly review these procedures to ensure that they moel the neèd5 of the charity. R•seNes pollcy The Iruslees have s91 a reserves policy which requir88 thal general reserves should be maintainéd at such a level as lo ensure that the organisatlon's core aclivi1188 can be maintsined over a period of al least srx months. Indopendent Examlner A resolution regarding th8 re-appointment of A Orye8 FCCA FCA as Independent Examiner will be put to the forthcoming Annual G8n8ral Meeting. This report was approv8d by the Board on . 11 . >F Mrs J Fisher- Chair
THE ST FAITHS CENTRE TRUST {HORSHAM & NEiYfoN} INDEPENDENT EXAMINER'S REPORT for the year endèd 31 March 2024 I report to the charity trustee8 on my examination of lh& accounts ol the charity for the year ended 31 March 2024 which are set out on pages S to 11. Rgsponslbllltles and basi$ of rnport Ag the ch8rity'g trustees you are responsible for the preparation of the accounts in accordance with the requirements of the GhaAlles Act 2011 ('the Acl'}. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed 811 the appllcable Directions given by the Charity Commission under section 145{5){bl of Ihe Act. Independent examln•f$ statement I have completed my examination. I confirm that no matorlal matters have come to my attgntion in connection wlth the examination giving me cause lo believè that in any mateAal respect.. ccountlng records were not kept in respect of the ch8rlty 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 wlh the applicable requlr8ments conc8rning the fomi and content of accounts set out in the Charities {A¢counts and Reports} Regulations 2008 other than any requirement that the accounlg gNe a Irue and fair view, which is nol a matter considered as part of an independent examination I have no concerns and have come acmss no other matters in connection with the examinatlon lo which attention should be drawn in this report In order to enable a proper understanding of the accounts to be reached. rves FCCA FCA Saxty & Co Chartered C9rtified Accountants 2a Church Street North Walsham Norfolk NR28 9DA Dale:.....
THE ST FAITHS CENTRE TRUST IHORSHAM & NEoN) STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024 UnroBlrfcted Funds R•stricted Funds Total 2024 Total 2023 Notes INCOMING RESOURCES Incomlng resources from charltable actlvltles: Operation of C¢)mmunily Centre 58.153 58.153 34,164 Incoming resources from Generated Funds: Fundraising activities 19,513 19,513 10,538 Other Income 1,898 Total incornlng resources 77,666 77,666 46,600 RESOURCES EXPENDED Charitable actlvltles.. Opgration of Community C8ntre Cost of 9eneratlng funds: Fundraising activities 59.050 59,050 60,144 3.124 3,124 2,896 Total resour¢os expended 62.174 62,174 63,040 Nel incominglloutgoiThJl resources 15,492 15,492 {16.440) Fund balances at 31 March 2023 991 252.254 253,245 269,685 Funds balance al 31 March 2024 16,483 252.254 268,737 253,245 The notes on pages 7 to 11 fofm part of these finan¢ial statom9nts.
THE ST FAITHS CENTRE TRUST {HORSHAM & NEwfoNI BALANCE SHEET 31 March 2024 2024 2023 Notes Fjxed Assats Tangible assets 181,192 186,152 Currant Assets Debtors Cash at bank and In hand 72,720 60,085 8,408 89,058 68,493 Current Liabllltles Creditors-. Amounts falling duo wlthin one year 1.513 1,400 Total Assets Les$ Current Uabllhles 268,737 253,245 Represèntèd by: Unrestricted funds.. General Designalad 10 10 7,546 8.937 17,946) 8.937 Restricted funds 10 252.254 252,254 Total Fund8 268,737 253,245 The financlal stalemenls were approved and authorisod for issue by the Board on .-i.j - i¢- Signed on behatl of the board of tnjslees Mrs J Fisher- Chair Th8 no18s on pages 7 10 11 fom part of these financial ststemenls.
THE ST FAITHS CENTRE TRUST (HORSHAM & NEVoNI NOTES TO THE ACCOUNTS for the year ended 31 March 2024 1. ACCOUNTING POLICIES Basls of proparation The accounts (financial statements} have been prepared Ltnder the historical cost ¢onventlon with items cognised at cost or transaction value unless othgrwise staled in the relevant notelsl to these accounts. The financial statements have been prepared in accordance wllh the Statement of Recommended Practice.. Accounllng and Reporting by Charities preparing their accounts in accordance with the Flnancial Reporting Standard applicab18 in the UK and R8public of Ireland IFRS 1021 Issued in October 2019 and the Financial Reporting Stsndard applicabla in thg United Kingdom and Republic of Ireland (FRS 1021 and the Charities Act 2011. The charity constitutes a publ1¢ benefit entity as defin•d by FRS 102. Incomlng resources Income from ackn'vllies In furtherance of the charity's objects is included in the period in whlch the charity is enlilled lo recelpl. Investment Income, grants and donatlons These are included in the aceounls when received. Govfrmance costs Governance costs include costs of the preparation and examination of statutory accounts. the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. Preparatlon of the accounts The accounts have been prepared on an 8ccruals basis. Fund accountlng Funds held by the charty are 8lther'. Unrestricted general funds - these arB funds whlch can be used in accordance wrth the ¢haritable objects al the discretion of the Iruslees. DeSnated funds- these are funds sel ashde by the trustees out of unrestriGted gener81 funds for specific purpos8s or projects. Re$lTided funds- these are fund$ that can only be used for speclflc purposes as laid down by Ihe donor. Expgnditur8 which meets these rrtleria are charged to the fund. Tangibla fix8d a$s•ts Depr8cialion is provided at the following annual rates in order lo write off each asset over 118 estSmated useful life. Land and buildings Property improvements Fixtures and equipment 50 years slraighl line 10% slraighl lin8 - 20% on r8ducing balance
THE ST FAITHS CENTRE TRUST {HORSHAM & NEVON) NOTES TO THE ACCOUNTS forthe year ended 31 March 2024 2. TAXATION The Trust is a registered charity and accordingly is exempl from taxation on 115 income and gains whare they are applied for charitable purposes. 3. INCOME RESOURCED FROM CHARITABLE ACTIVITIES The income derived from tho Operation of the Communlly Centre comprises'.- 2024 2023 Membership fees Sporting activities Hall hlre 9.138 33,117 15,898 8,543 7,194 18,427 58,153 34,164 4. INCOMING RESOURCES FROM GENERATED FUNOS 2024 2023 Tokens Village joumal Sundry fundraising and receipts 12.480 3,263 3,770 19.513 7,728 1.395 1,415 10,538 5. OTHER INCOME 2024 2023 Hire of car park Furlough grants 1,200 698 1,898
THE ST FAITHS CENTRE TRUST IHORSHAM & NEVllON) NOTES TO THE ACCOUNTS for the year ended 31 March 2023 6. ANALYSIS OF CHARITABLE EXPENDITURE The costs assoclated wlth the running of the Community Contro and its facilities were as follows:. 2024 2023 Wages Repairs and maintenance Repairs to propetty Rates Light and heat Insurance and licenc&s Telephone Post and stslionery Independent examin8tlon other financial servlces Bookkeeping Legal and professlonal fee$ Sundry Depreciation 9,694 8,074 11.770 13,464 2,547 2,668 10.123 4,455 359 394 1,200 1,594 3,600 2,822 15,151 7,525 466 1.200 1.616 3.600 1.208 7.694 389 7,581 59,050 60,144 The costs associated with fundraising were as follows'.- Fundraising Village joumal 3,124 2.896 3,124 2,896
THE ST FAITHS CENTRE TRUST IHORSHAM & NEwfoNI NOTES TO THe ACCOUNTS for the year endod 31 Mafeh 2024 7. TANGIBLE FIXED ASSETS Land & 8ulldlngs Flxturg$ & Equipment Total Cost 1 April 2023 Additions 270.734 104,945 375,679 2.734 31 March 2024 270,734 107,679 378,413 Depreclatlon 1 April 2023 Charge for the year 31 Mar¢h 2024 93.232 96,295 189,527 2.277 7.694 98,649 98,572 197.221 Net book amount 31 March 2024 172,085 181,192 31 March 2023 177502 186152 8. DEBTORS 2024 2023 Amount due from Sl Faiths Centre Social Club Other debtors 72.720 59,872 213 72,720 60.085 9. CREDITORS 2024 2023 Accruals 1,513 1,400 1.513 1,400 10
THE ST FAITHS CENTRE TRUST IHORSHAM & NEwfoNI NOTES TO THE ACCOUNTS forthe yearended 31 March 2024 10. MOVEMENT OF FUNDS Outgolng Resources At 01104123 In¢omlng Resource* At 31103124 transfers Unrestricted funds: General ftjnds Designated funds Restricted funds.. Capital funds Murti Sport Surface fund 17,9461 8.937 77,666 162,174) 7,546 8.937 250,000 2,254 250.000 2.254 253,245 77,666 {62,1741 268,737 11. TRUSTEE REMUNERATION & EXPENSES The trustees neither received nor waived any emoluments or expenses durlng this year or the previou5 year. 12. AVERAGE NUMBER OF EMPLOYEES The average number of staff employed was 16 (2023- 151. 13. RELATED PARTY TRANSACTIONS There were no related party Iransaotions that require disclosure during thls year or in Ihe prevlous y88r. 14. CONTROL Thè Charity is controlled by the Trustees in office. 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Gèn•rnl Funds Dèslgnat•d Funds Restrict•d Funds Total Funds Tangible fixed assets (77,7081 8,900 250.C(10 181,192 Current assets 86.767 37 2.254 89,058 Current liabilities {1,5131 11.5131 7,546 8,937 252,254 268,737