## **REGISTERED CHARITY NUMBER: 282839** **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2022** **FOR** **FISHERMEAD TRINITY CENTRE** ## **FISHERMEAD TRINITY CENTRE** ## **CONTENTS OF THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31[st] MARCH 2022** ||Page| |---|---| |Report of the Trustees|3 - 5| |Independent Examiner's Report|6 - 7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes to the Financial Statements|10 - 12| |Detailed Statement of Financial Activities|13 - 14| 2 | P a g e ## **FISHERMEAD TRINITY CENTRE REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31[st] MARCH 2022** The trustees present their report with the financial statements of the charity for the year ended 31[st] March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2011. ## **A. REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity Number:** 282839 ## **Principal Address** Fishermead Boulevard Fishermead Milton Keynes MK6 2LA ## **Trustees** M R Petchey D Kendrick Rev T Norwood H Elbers[(appointed 21st July 2021)] D J Mahon[(appointed 21st July 2021)] ## **Independent Examiner** Timothy May 7 Sandown Court Bletchley Milton Keynes MK3 5LZ ## **B. STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing Document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **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 and error. 3 | P a g e ## **C. OBJECTIVES AND ACTIVITIES** The core objective of the charity is the operation of a Community Hall in Fishermead, Milton Keynes. To provide facilities for recreation and leisure time for the inhabitants of Fishermead and its immediate neighbourhood, together with the advancement of the Christian religion by provision of facilities for the Church of England, the Methodist Church, the Baptist Church and the United Reformed Church. ## **Public benefit that is provided by the charity** The trustees confirm that they have given their due consideration to the Charity Commission guidance on the operation of the Public Benefit requirement. ## **D. ACHIEVEMENTS AND PERFORMANCE** The Community Asset Transfer of the Centre is still ongoing but the complexities of the various lease arrangements attached to the current trust continue to delay the progress of the transfer. Whilst the transfer process is still ongoing all significant renovation and refurbishment plans remain on hold. Like many organisations the Centre continued to feel the impact of the pandemic. Although the Covid-19 restrictions eased during the financial year the Centre was still impacted by the rapidly changing guidance applied to public venues. The hall hires that were accepted complied with the guidance relevant at the time of the booking. It should be noted the Centre no longer enjoyed the support of the government’s Business Support Package grants and the furlough scheme during the reported Financial Year. ## **E. FINANCIAL REVIEW** ## **Policy on reserves** The cash at the bank is £5,986, which represents £4,925 of general, unrestricted funds and a balance of £1,061 of restricted funds split between the Community Garden and Community Larder. Only the unrestricted general funds meets the Charity Commission’s definition of reserves. The trustees seek to maintain reserves at not less than three months’ general fund expenditure (i.e. £7,395 based on 2021/22 activity), believing that this provides a prudent buffer against unforeseen expenditure. The funds currently held are below the policy threshold but the recovery from the Covid-19 restrictions plays a considerable part in this policy shortfall. ## **Investment Policy** To invest the unused funds in secure interest bearing deposit accounts. To hold these in secure and ethical funds in accordance with the Trust Deeds. ## **Review** The General Fund net incoming/(outgoing) resources amounted to a deficit of £6,588 (2021; £2,213 surplus) during the year. The pandemic has continued to negatively impact the Centre activity during the Financial Year. The departure of the Centre manager in August 2021 also had a negative impact on the utilisation of the Centre despite volunteers taking on the day to day operations. The Government’s Business Support Package ceased in March 2021 so the safety net protecting against lost income due to the lockdown ceased at the end of the prior financial year. 4 | P a g e The 2021/2022 Financial Year also saw the end of the furlough scheme so the Centre returned to paying the full staff costs. The departure of the manager in August eased the employment costs but adversely impacted the income generated. A small pool of volunteers took over running the Centre but the hire activity was constrained by the availability of those volunteering. However, the trustees appreciated all the efforts of those who stepped in to maintain the operation of the building for the remainder of the financial year. ## **ON BEHALF OF THE BOARD** Trustee: ………………………… D.J.Mahon 27[th] January 2023 Date: ………………………… 5 | P a g e CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trust••sl members of Trfnlty Centre Trusl On accounts for the year ended Charlty no {If any) 31st March 2022 282839 Set out on pages 8-14 I report to the twslees on my examination of the accounts of the atrt)ve Gharty (Ihe Trusfl for the year ended 3111212022 Responslbilltles and basis of report As the charivs trustees. you are reswnsible forthe preparation of the accounts in accordance wth the requirements of the Charities Act 2011 {1he Act.). I report m respect of my exaMina￿.0n of the Tntst's acLX)unts Ca￿ted out under sedion 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directsons given by the Charity Commission under sec*ion 145l51{bl of the Act. Independent ￿he charivs gross inca)me exceeded £250,OtM) and l am qualif￿ to examiner's statement undertake the examination by being a qualified member of linswt name of appliGable listed body]]. Delate [ ] rfnot applicable. I have Gompleted my examination. I ￿nfim7 that no material matters have come lo my attention in c£snnection with the examination (other than th disdosed below'} which gives me cause to believe that in. any mat¥ial respect.. the acLx)unbng re¢ord$ were not kept in aCa)rdan￿ vith sectK)n 130 of the Charrties AGI- or the accounts not a0￿[d with the a¢c>)untirwJ records: or the aCC￿￿nts djd not comply wth the app15cable requirements nGeming the fom and content of accounts set wt in the Chwities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fai¢ view which is not a matter considered as part of an inde￿ndent examination. I have no o)nceTns and have come across no other mattets in ￿1fte￿I with the examinatlon to ￿1¢h attent￿n should be drawn in this rew1 ri order to enable a proper understanding of the ac￿untS to be re&hed. ' Pl&a$8 delete the ds in th8 brackets rfth8y (t+ not appty. Slgned: Dat•: Nam•: Mr Timothy May R•l•vant professlonal quallficatlon(s) or body M.B.A. IER Oct 2018 Ilf any): Address: 7 Sandown Court Bletchley Milton Keynes, MK3 5LZ Section B Disclosure Only complete Il the examiner needs lo highlight material mallers of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examinerwishes to disclose. IER Oct 2018 ## **FISHERMEAD TRINITY CENTRE** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 31[st] MARCH 2022** |**Notes**
**Unrestricted**
**Funds**
**£**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Voluntary Income
302
Insurance Claim
0
Activities for Generating
Funds
2
22,691
**Total Incoming**
**Resources**
**22,993**
**RESOURCES EXPENDED**
Governance Costs
274
Other Resources
Expended
29,307
**Total Resources**
**Expended**
**29,581**
**NET INCOMING/(OUTGOING)**
**RESOURCES BEFORE**
**TRANSFERS**
8
(6,588)
**Transfers between**
**Funds**
0
**Net**
**Incoming/(Outgoing)**
**Resources**
(6,588)
**RECONCILIATION OF FUNDS**
**Total Funds Brought**
**Forward**
15,101
**TOTAL FUNDS**
**CARRIED FORWARD**
**8,513**|**Restricted**
**Funds**
**£**
4,410
0
0
**4,410**
0
3,676

**3,676**
734
0
734
327
**1,061**|**2022**
**Total**
**Funds**
**£**
4,712
0
22,691

**27,403**
274
32,983

**33,257**
(5,854)
0

(5,854)
15,428
**9,574**|**2021**
**Total**
**Funds**
**£**
24,494
0
5,779| |---|---|---|---| ||||**30,273**
562
27,248| ||||**27,810**
2,463
0| ||||2,463
12,965| ||||**15,428**| 8 | P a g e ## **FISHERMEAD TRINITY CENTRE** ## **BALANCE SHEET** ## **AT 31[st] MARCH 2022** |**Notes**
**FIXED ASSETS**
Tangible Assets
5
**CURRENT ASSETS**
Cash at Bank and in
Hand
Debtors
6
**CREDITORS**
Amounts falling due
within one year
7
**NET CURRENT**
**ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted Funds
8
Restricted Funds|**Unrestricted**
**Funds**
**£**
478
4,925
1,420
6,345
670
5,675
6,153
6,153|**Restricted**
**Funds**
**£**
-
1,061
2,360
3,421
-
3,421
3,421
3,421|**2022**
**Total**
**Funds**
**£**
478
5,986
3,780
9,766
670
9,096
9,574
9,574
6,153
3,421
9,574|**2021**
**Total**
**Funds**
**£**
672
16,324
30| |---|---|---|---|---| |||||16,354
1,598| |||||14,756| |||||15,428| |||||15,428| |||||15,101
327| |||||15,428| The financial statements were presented to the Trustees 25[th] January 2023 and were signed on their behalf by:- Trustee……………………………….. 9 | P a g e **FISHERMEAD TRINITY CENTRE** ## **NOTES TO FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31s MARCH 2022** ## **1. ACCOUNTING POLICIES** ## **Accounting Convention** The financial statements have been prepared under the historical cost convention and in accordance with the current Financial Reporting Standard. In preparing the financial statements the Trust follows best practice as set out in the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” effective January 2015. ## **Incoming Resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources Expended** 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. Plant and Equipment and Computing Equipment on a 33% reducing balance basis. Fixtures and Fittings are estimated to have a five year life. ## **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. ## **2. ACTIVITIES FOR GENERATING FUNDS** |Letting Income

Bank Interest
|**2022**
**£**
22,690
1
**22,691**|**2021**
**£**
5,775
4
**5,779**| |---|---|---| 10 | P a g e ## **FISHERMEAD TRINITY CENTRE** ## **NOTES TO FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 31s MARCH 2022** ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remunerations or other benefits for the year ended 31[st] March 2022 nor for the year ended 31[st] March 2021. ## **Trustees' Expenses** There were no trustees' expenses paid for the year ended 31[st] March 2022 nor for the year ended 31[st] March 2021. ## **4. STAFF COSTS** |Wages and Salaries
Work Place Pension
Furlough Scheme
**Total Payroll**|**2022**
**£**
11,229
843
(1,339)
.
**10,733**|**2021**
**£**
17,153
1,445
(7,751)
.
**10,847**| |---|---|---| ## **5. TANGIBLE FIXED ASSETS** ||Plant and
Machinery|Fixtures
and
Fittings|Fixtures
and
Fittings|Computer
Equipment|Computer
Equipment|Total| |---|---|---|---|---|---|---| ||**£**|**£**||**£**||**£**| |**COST**||||||| |At 1st April 2021|322|52,621||1,872||54,815| |Disposals in year|-|-||-||0| |Additions|-|-||106||106| |At 31stMh 2022|322|52621||1978||54921| |arc||,||,||,| |**DEPRECIATION**||||||| |||||||| |At 1st April 2021|309|51,989||1,845||54,143| |Disposals in year|-|-||-||0| |Charge for Year|4|252||44||300| |At 31stMh 2022|313|52241||1889||54443| |arc||,||,||,| |**NET BOOK**||||||| |**VALUE**||||||| |At 31st March 2022|9|380||89||478| |At 31t Mh 2021|13|632||27||672| |s arc||||||| 11 | P a g e **FISHERMEAD TRINITY CENTRE** ## **NOTES TO FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 31s MARCH 2022** ## **6. DEBTORS; AMOUNTS DUE AT FINANCIAL YEAR END** |
Hall Hire

Community Garden Grant application|**2022**
**General**
**Fund**
**£**
1,420
0
-
**1,420**|**2022**
**Restricted**
**Fund**
**£**
0
2,360
-|**2021**
**General**
**Fund**
**£**
30
0
**30**| |---|---|---|---| |||**2,360**|| ## **7. CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR** |Waste Collection
Insurance Premium
March Salary Costs
Shutter Repair
Hall Hire paid in advance|**2022**
**£**
166
504
0
0
0
**670**|**2021**
**£**
88
0
112
798
600
**1,598**| |---|---|---| ## **8. MOVEMENT IN FUNDS** |Unrestricted General Fund
Restricted Funds:
Community Larder
Community Garden
**Total Funds**|Net
At 1stApril Movement
2021 in Funds
£
£
15,101
(6,588)
0
500
327
234
**15,428**
**(5,854)**|Transfers
Between
31stMarch
Funds
2022
£
£
-
8,513
-
500
-
561
**-**
**9,574**| |---|---|---| 12 | P a g e ## **FISHERMEAD TRINITY CENTRE** ## **NOTES TO FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 31[st] MARCH 2022** |**INCOMING RESOURCES**
**Voluntary Income**
Grants
Donations
Insurance
**Activities for Generating Funds**
Letting Income
Bank Interest
**Total Incoming Resources**
**RESOURCES EXPENDED**
**Governance Costs**
Accountancy and Bookkeeping
Legal and Professional Fees
**Other Resources Expended**
Cleaning
Repairs, Renewals and Maint
Regeneration and Refurbishment
**Support Costs**
**Management**
Wages
Training
Rates and Water
Insurance
Light and Heat
Telephone/Broadband
Postage, Stationery and Advertising
Sundries
Waste Disposal
Premises Costs
**Finance**
Bank Charges
**Information Technology**
IT Costs
**Other**
Fixtures and Fittings Depreciation
Computer Equipment Depreciation
Plant and Equipment Depreciation
**Total Resources Expended**
**Net Income/(Expenditure)**|Unrestricted
Funds
£
0
302
-
22,690
1
**22,993**
100
72
**172**
952
3,797
211
**4,960**
10,733
0
2,112
504
5,374
1,339
515
115
1,106
1,241
**23,039**
561
549
252
44
4
**300**
**29,581**
**(6,588)**|Restricted
Funds
£
4,160
250
-
-
-
**4,410**
-
-
**0**
-
16
292
**308**
-
-
-
-
-
2,266
66
-
-
-
**2,332**
-
1,036
-
-
-
**0**
**3,676**
**734**|2022
Total
£
4,160
552
0
22,690
1
**27,403**
100
72
**172**
952
3,813
503
**5,268**
10,733
0
2,112
504
5,374
3,605
581
115
1,106
1,241
**25,371**
561
1,585
252
44
4
**300**
**33,257**
**(5,854)**|2021
Total
£
24,494
0
0
5,775
4| |---|---|---|---|---| |||||**30,273**
490
72| |||||**562**
134
4,470
0| |||||**4,604**
10,847
0
1,310
111
5,055
1,283
650
0
1,093
1,171| |||||**21,520**
510
232
361
14
7| |||||**382**
**27,810**| |||||**2,463**| 13 | P a g e ## **FISHERMEAD TRINITY CENTRE** ## **NOTES TO FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 31[st] MARCH 2022** |**Restricted Funds Analysis**
**INCOMING RESOURCES**
**Voluntary Income**
Grants
Donations
**Total Incoming Resources**
**RESOURCES EXPENDED**
**Other Resources Expended**
Repairs, Renewals and Maint
Regeneration and Refurbishment
Telephone/Broadband
Postage, Stationery and Advertising
IT Costs
**Total Resources Expended**
**Net Income/(Expenditure)**|2022
Community
Garden
£
250
0
0
0
**250**
16
0
0
0
0
0
0
0
0
0
**16**
**0**
**234**|2022
Internet
Café
£
3,410
0
250
0
**3,660**
0
0
292
0
2,266
0
66
0
1036
0
**3,660**
**0**|2022
Community
Larder
£
500
0
0
0
**500**
0
0
0
0
0
0
0
0
0
0
**0**
**500**|2022
Restricted
Total
£
**4,160**
**250**| |---|---|---|---|---| |||||**4,410**
**16**
**292**
**2,266**
**66**
**1,036**| |||||**3,676**| |||||**734**| 14 | P a g e