HAROLD WOOD NEIGHBOURHOOD CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HAROLD WOOD NEIGHBOURHOOD CENTRE CONTENTS 8aanc• 8twl
HAROLD WOOD NEIGHBOURHOOD CENTRE TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The fjnancu81 s1810ftts have wepared in ¥¢))r(kn ith th8 rd.raes set out in not8 1 to Ihe finanoal stat•Tents ctwy drnI. th8 Charrbes Acl 2011 and 'Accwnbng and Reporting by Chanls. Statement ol ReoJnrneTrd P¥IKe to chantie5 Wepari their accoufi¢s in accordance with the Finanaal Rwi¥¥J Standard 4)pcablè wi the UK aThJ Repu1¢ ol Irdand IFRS 1021 leffeclive 1 January 20191.. Oblectlves and actlvlt Achlevoments and perfomw D•v•lopm•nC Adl¥lll•s wdA¢hl•¥•m•nts To prorTK)te tho benefit ol the InhatanlS ol the Hwc&l Centr¥ aThJ the Nighbourh)od withoul distinctwjn of Set or ol pdrtKI. rEIyKU5 lr opnKx6 by ass19 ts I1 authonties. voluntary orgJnisats)ns and inlwts"lants in a (x)Im ellNt lo a(fvare e(hKa1 and provide f111$ in the inlere5101 th8 said Inatants. Fln•n¢l•l r•vl•w The ¢enlr8's ino)m al 8w¢es has to £118,814 from £126,303. ver th8r• has t)8en surplus for Ihe year 01 £15.116. truthes salffjw that the cthfe's finandal posilion remains sound. We 8re m8nagry to maintw frrn hinB ntlI to enBure be$1 price pc1•$ for any worts Gqrri8d Govomlng Instrurn•nt Th• Chadty was t$&'shId by Trtth D••d dat•d 31 19818nd ts trY4fjrnthJ by r8gui8bons last The Centr8 was IrThed to tsefil Ihe hxal re5Klenis by tt WD¥?5 ol faubl5 f¢x soc4al. re(xealional and 18isur8 acINilh8s, without dwi'rniri on Il%ry bas d sex ¢y kMJlrtKal, relwJKwts or Olher btrlts. Th•r8 is an Executsve eleCj ty ComrThttee IW meets 6 Imes a y•or. The rnanagent cornryytlee ree15 6 tirrn5 a year. Manag•m•nt Coffintt•• Chaimwn and Serytsy. Vice Chairp8rson'. lon. TreasLKW." Hon. S8crgtary ar#1 L•tl•vJ8." "J. Guvw "E. Taykx .F B. Fleet (Sc crf Da) L. Maskdl IStr&"ght L. Axon (Bar Clubl J. (knwc (Play SChj1) D. KeetrAe ILre of Fner•Jshpl P. Payne l&er 60 Clubl R. GLwJd & Uttty Lt¥JBI Fi L(xhart IBrKlge Clubl ' Ex•¢4btfv• Cort1tt•• IA•mb•
HAROLD WOOD NEIGHBOURHOOD CENTRE TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 R•gl•t•r•d Chwlty 279955 Prln¢lp•l *ddrM• The Old School Gubbin$ Lan• Harokt Wc£rfJ Romlord E888X RM3 ORA TYu•t••• R Lockhart J Guvenc 8 Fleet J Fabr Ind•p•nd•nt Ex•ffllrnT Ad8m Hubbord A28ts Audit S8rvk•s Ch8rt8r8d Accountan 7.8 8nlannia Busln•s8 Park Comet Way Southend.LTrS•• Ei8•X SS2 8GE 8•nk•rn HS8C Pk 9 Mark•t Plac• Rornford EJJgx RM1 3AF Ilr R Lkrt TftJste8
HAROLD WOOD NEIGHBOURHOOD CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAROLD WOOD NEIGHBOURHOOD CENTRE I r8POrt to Ihe Injstges rny exanwnatxjn af the staternts of Harobj w( Ne9htXwl Cgnlre Ithe charity) lor the yew eTrJed 31 March 2024. R•spor4sibiltti05 and tmsis of rewt As the trustees of the charity you are re8rth lry ts Frf8Para of lh8 statenwnts in accordancè with th8 requiremnts Of Chwr 20111th8 2011 Act). I r8POrt in res Lrf my exa1¥kn ol Ihe dwitys fMwKial 18m8nts L1 urmler sectlon 145 ol t 2011 Act. In cffjing oul my examina1 I have fl¢1d al the DweLl gNen by the Chaftty CommissiDn uThYer $8¢lbJn 14515llbl ol Ihe 2011 Atx Ind•p•nd•nt •A•mlrtf la¢emw Your attenlion 15 drawn lo the lact thal thwty has wepar•J ffinanc 51aternents accordance with Accounb"ng and Re['Th9 by Ch5 Iheii in ac£L¥darKe wilh the Financtsql Reporting Standard In the UK arvj R9km.¢ of IFRS 1021 In kygfwwce lo the Accounting and Reporting by Charities." Slatefflent of Pr•kn 1 Al1 releThed lo In Ihg exlanl r8gulalions has been l undèr5t8nd Ihat this has b#•n dc• ordor fty Slatemants to a true lair viw in J8twary 2015. examination giviThJ ma raLts8 to bdve that in any Matan res aCC(n11n9 re¢>)rts ¥Are ncl kepl In ol the cwrty as e•cakn 130 01 Ihe 2011 kl.. or the fillanoal stats¢Tw15 th) rvjl ilh I1 rec115." C Ihe finanud statthywls not t1 wilh IP 1fywrwTrts the ILWM and eontenl of accounls $8t oul In the Chwths (Attxxjrts RWIK)n6 2W (ther than any requirarrent Ihat th8 accoLN gr 8 aryl b'r vw 8 malter 80 part of an indèwndent xan%n8ti0n. I have no C(CernS and h8va c£Th Bcrosg other m8tleFS in lti Ihe ex8minalKyi io whh attentn SIld b8 drawn m this r8wI in cts to enable a propw UjeIaj1Thj of th? finarrdl giatemBnls lo bè r8achvd. Ad8m HLknbwd ICAEW AzetsAudK SeTh 7. 8 Britannla 8usffie Park Comot Way Soulhend.CTrSeB Essex SS2 6GE iknile(l KiThJdom OL&r
HAROLD WOOD NEIGHBOURHOOD CENTRE STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AIARCH 2024 Urw95tr1cted Unr••trlct•d funds fund5 2024 2023 ncom• Membeiships ¢knabrm6 Inveslm8nts 118.455 359 126,238 Total Incom• 118.814 126,303 Provlsk)n of CtrO 103.698 162.448 N•t In¢om•ll•Xwtsdftr) lor th• y•*rl N•t movem•nt In fund8 15.116 138,1451 Fund balarKes 811 2W23 77.601 113,746 Fund b•l•n¢e• •t 31 Ilw¢h 2024 92,717 77.801
HAROLD WOOD NEIGHBOURHOOD CENTRE BALANCE SHEET AS A T31 MARCH 2024 2023 Flx•d I• Tangle auets Curr•nt •ii•ts DtOrS CAsh at bank h•t¥J 15.279 9,648 38.153 49.735 27.542 52.913 87,888 ).455 11 {10.450) 112.5021 N•t curr•nt a•18 77.438 67,953 92.717 77.601 In¢om• lund• Dè8NJn8tsd lund$ G•n•rnl urmtrk•d hmds 70.$00 7.101 $2.217 92.717 77,601 92.717 77.601 Th? 11ot•mni• by kn 8(wd ol TnO1••1 tyl... .. .. Mr R Lockhart ThJ*t••
HAROLD WOOD NEIGHBOURHOOD CENTRE NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 31 IrfARCH 2024 Accountlng poMclo8 Ch•rfty Inlornmtlon Harokl WLKXJ Whtx¥JrtMyxl Cerkn 15 a R•gknE . The charitys address can ba found in tre Trustees R•w1.. 1.1 A¢¢our%ting £¢ntrf•Thli The finanaal stslern8nls ha¥e been wepw•J a0)rd wilh the dbariV$ IWN0"J ¢Jcrf)Jrwtl, Ihe Chariti4$A¢t 2011, FRS 102 Tr FinanLia R8PK¥l¥¥J SlaTwJard awlicaL4& in VK and Ropubh'c of Ireland- I"FRS IOTI and the Charthes SORP "knwnlwwJ Rewwty"rvJ ty Chanbp5'. StsInen1 of Recomrnended Practice apWicable to chanties pieparThJ ther acccffjdan th IhÈ FuwrKaal Reporting Slandard applKab¢e in the UK aTrJ RebI ol IrelwJ IFRS 1021. left¢8 l January 20191. The charity 15 8 Public Benefit Eniily as defined by FRS 102. Th8 chanty has lakqn advanla38 01 SORP tr ¢hw(oes nol lo prnp¥v a Statement of Cash Flow& The finanryal statem8nts are pr¥p¥1 in stedry. is the hJKkyol trr ol the ch8rlty. fvlon8tary amounls in thes8 finaThial slatern9 are rryThled to Ihe nearesl £. Th¢ finarKi81 stsIews wepwe(I wJ8r lts coot cryNenlth and in acccce wlh pble oecountiThJ staTrJard¥ a1 the Slalennt R¢(ty by chaitie5. 1.2 Golng conc At the Ilme ol apprwr8 thg finwial slaleftwts. trusiees have a 1oasonaL48 gxwxts¢ion th8t the chaniy has knquate revrrS to rmtirth wi exffjten¢¢ lty lh• ffMes0eab future. Thus tho trustees 1.3 Ch•f•bl• fund• ReslrKt8d fvnds ran onty be used for partsalar reslTthd SMI$ Yth Ihe of the thanty. RestrKtms Furth•r •XKlanatson ol nabjrn awKt pp0 of IJ Irx4L•Jgd kn Ihe rths to Ihe fi'ngndol 8talernents, 1.4 Incoff• Al Incorn8 is reuysed in th8 S121ÈmBnt of F101 Ihe (l)arrty has 8ntslburnnt to the funds, it is probab18 that Ihe irK>Jrr wil be receN•J aThl the anKth can be nwsurthl rvatAy. 1.5 Exp•ndl¢ur• Liabiliti¢s afv rocogntssd as 8x•ilwF as sL¥)n as Ihe 15 a W or (StrU1¥e oL1Wi commilling the ¢hallty ro Ihat expevKlrture. it prDbabkn Ilwt a trsIer ol benefft5 bè wuir&l in $911ment and the amounl of Ihe lation w be measured te&aity. E¥FwMJrture 15 accounted for on an arVal$ basis and has beell dassffth under headw thal aowal8 all rnsl felaied to thal (iegory. Where wsls cannot be directty attniwJl to partKJJar h8wJry5 Ily tr akcated to aEv41ies a baw5 CStant with th8 use of rBswrces.
HAROLD WOOD NEIGHBOURHOOD CENTRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclos Icontlnuedl 1.6 Tanglbl¢ fix•d •sul• Tangible fix1 ats are inw rneasu at Cosl the¢wty Nwsured at C415l or valuation, net of epre¢ts and any impwmwrt k6ses. 15 provJ8d at the arY¥Jal ras wt c¥d8r io wri1& off asset o¥•r 1$ 0Stirn8ted u501ul Flxturès and fittw 25% () bal¥ 1.7 Tox8tlon In tho opFalkn of ts dwy'$ bwtoes arn roqthl lo mak• juth3vm8n¢B, ¢sJrn8tg6 8rKI 8ssuliw1i atxwjt Ihe yv ol assets 4rvJ Ihat we rwlity apparenl tr(¥YTr olher •$b"mat•s aro r¥ctyJni in In osbmal• is rws•J whw¥ th8 Te¥1S affts only that pgrK)d. or in th8 ol m18Kffi fulwe kJ8 affod8 both cwr¥nl and lulure perK)ds. unr••tr4¢t Unrastrl8d fund• funds 2024 2023 20.(¥X) 4.117 33.6(Kl 68.521 Membership fes Rellt & Deed ol CO¥* ¢alrtS Hire charyes- Cenlve arKI car park 4.127 80.728 Invoslmont¥ Unrnstrkt•d Unrestrlcted funds 2024 2023 Deposit interesl 359 65
HAROLD WOOD NEIGHBOURHOOD CENTRE NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support ¢o¥l 2023 Indendent examwwli 2.280 2,280 2,280 Analysed betwn CharilatA8 acVIls 2.280 2.280 Govemfi k) the of £3,OXI (2023- P2) IBes in LU8rtaklng t Ind8P8ndeTht Examinatsc. Tru•t• 8nded 31 March 2023. Manag8rn•nt Comrnllltt•' •xp•n• A tr>tsl of £2,76712023. £2.7401 wa% tr) nyrtths (4 Ihfr ry•)8w cunrnittee durin9 th8 y881. Employ••• The average monthly rwmber thl¥a the year W.. 2024 14umb•r 2023 Number T•x•llon The chantyls exen¥rt fr(Mn tax (ffi •NI gaw)s l*¥J g)5 th8 Taxes Act 1988 or sectlon 252 of the Ta¥atAy( Chww Gats 1YJ2 ID ethil Ihat Ilwe to its charilable obJ8cts.
HAROLD WOOD NEIGHBOURHOOD CENTRE 140TES TO THE FINANCIAL STATEIAENTS (COIITINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Tano11>l• IFx•d •s•l• Co•t At 1 WI 2023 AdJillon• 37.807 646.444 684.251 10.170 At 31 Marth 2024 48.427 847.994 694.421 At 1 1202) Deprgciats'on dwggd kn 28.158 618.444 1.550 674.602 4.540 A¢ 31 Mar¢h 2024 31.148 847.994 679.142 C•rrylng mow At 31 March 2024 15.279 15.279 A¢ 31 M8t¢h 2ty23 9,648 10 O•btor• 2024 2023 Amount• l*llry T•lthln •n• y••r. Olher debtry¥ 30.153 27.$42 2024 2023 ru•ts •TrJ 10,450 12,502
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HAROLD WOOD NEIGHBOURHOOD CENTRE NOTES TO THE FINANCIAL STATEMENTS (coimNUED) FOR THE YEAR ENDED 31 AIARCH 2024