## **REGISTERED CHARITY NUMBER: 282839**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2023**
**FOR**
**FISHERMEAD TRINITY CENTRE**
## **FISHERMEAD TRINITY CENTRE**
## **CONTENTS OF THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[st] MARCH 2023**
||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|
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## **FISHERMEAD TRINITY CENTRE REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31[st] MARCH 2023**
The trustees present their report with the financial statements of the charity for the year ended 31[st] March 2023. 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 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 changed financial situation has further delayed the Community Asset Transfer process. Significant renovation and refurbishment plans remain on hold. The Centre is gradually returning to the pre-pandemic utilisation levels.
Most of the regular groups have returned to using the centre since the lifting of restrictions. The returning groups offer a range of activities covering various styles of martial arts, dance groups, professional training and counselling. The centre continues to welcome community and family events. There has been a marked economic decline meaning families having to manage increases in both energy prices and the cost of living. Given this backdrop the centre has become a hub partnering with groups to deliver warm spaces, after school projects and a community larder.
## **E. FINANCIAL REVIEW**
## **Policy on reserves**
The cash at the bank is £24,149, which represents £24,108 of general, unrestricted funds and a balance of £41 of restricted funds split between the Fishermead 50 Celebration, 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 thirteen weeks (three months) general fund expenditure (i.e. £6,292 based on 2022/23 activity), believing that this provides a prudent buffer against unforeseen expenditure. The funds currently held are equivalent to 41 weeks of expenditure.
## **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 surplus of £19,851 (2022; £6,588 deficit) during the year.
The centre became a victim of a break-in in February 2022. Several items were stolen but the main loss were the laptops gifted for the digital deprivation project. The insurance claim was concluded in April and the award included in the 2022/2023 accounts.
The 2022/2023 Financial Year was the full year, since the pandemic, that the centre did not need to impose restrictions on the use of the building. Following the manager resignation, in summer 2021, a small pool of volunteers took over the running of the Centre. This group continued their support throughout the 2022/2023 year. This enabled the centre to continue to be available to groups throughout the week covering the hours
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booked during the day. The saving of staff costs has enabled the centre to consolidate the reserves. The trustees appreciated all the efforts of those who stepped in to continue to maintain the operation of the building for the full financial year.
## **ON BEHALF OF THE BOARD**
Trustee: …………………………
D.J.Mahon
25[th] January 2024
Date: …………………………
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CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report
on the accounts
Section A
Independent Examinefs Report
Report to the trusteesl
members of
',hBrity Tr*e
Trinity Centre Trust
On accounts for the year
ended
31, March 2023
Charity no
if anyl
282839
Set out on pages
8t014
IKern&inb£r :o IUde tbe page numbers 0.. 3ddiiional sheets)
I report to the trustees on my examination of the accounts of the above
¢harily I'lhe Trust'} for the year ended 3110312023.
Responsibilities and As the charity trustees, you are responsible for the preparation of the
basis of report accounts in accordan with the Charities Act 2011 ("the ACV'I.
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Corv,mission
under section 14515llb) of the Act.
Independent he charity's gross income exceeded £250,000 and l am qualified to
exarniner's statement undertake the examination by being a qualified member of linsert name Df
applicable listed bodyll Delete I l if not applicable.
I have completed my examination. I confirm that no matenal matters have
come to my attention I
') in connection with
Ihe examination which gives me cause lo believe that In, any material
respect.:
the accounting records were not kept in accordance wffch section 130
of the Act.. 01
the accounts did not accord with the accounting reGords, or
the accounts did not comply with the applicable requirements
concerning the form and conlenl of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'lrue 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 matlers in connertion
with the examination to which attention should be drawn in this report in
order lo enable a proper understanding of the accounts to be reached.
Pleaso dolcle the words in the brackets if thoy do not apply.
Signed:
Date:
Name..
Relevant professional
qualification(s) or body
lif any)..
rJ.A.
IER
October 2018
Ilf any)..
Address..
7 Sandown Court
Bletchley
Milton Keynes, MK3 5LZ
Section B
Disclosure
Only complete If the examiner needs lo highlight material mallers ol concem
(see CC32, Independent examination of Gharily accounts." directions and
guidance for examiners).
Give here brief details of
any items that the
examiner wishes to
disclose.
IER
Oct 2018
## **FISHERMEAD TRINITY CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31[st] MARCH 2023**
|**Notes**
**Unrestricted**
**Funds**
**£**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Voluntary Income
2,789
Insurance Claim
14,027
Activities for Generating
Funds
2
28,204
**Total Incoming**
**Resources**
**45,020**
**RESOURCES EXPENDED**
Governance Costs
960
Other Resources
Expended
24,209
**Total Resources**
**Expended**
**25,169**
**NET INCOMING/(OUTGOING)**
**RESOURCES BEFORE**
**TRANSFERS**
8
19,851
**Transfers between**
**Funds**
0
**Net**
**Incoming/(Outgoing)**
**Resources**
19,851
**RECONCILIATION OF FUNDS**
**Total Funds Brought**
**Forward**
8,513
**TOTAL FUNDS**
**CARRIED FORWARD**
**28,364**|**Restricted**
**Funds**
**£**
2,810
0
0
**2,810**
0
2,896
**2,896**
( 86)
0
( 86)
1,061
**975**|**2023**
**Total**
**Funds**
**£**
5,599
14,027
28,204
**47,830**
960
27,105
**28,065**
19,765
0
19,765
9,574
**29,339**|**2022**
**Total**
**Funds**
**£**
4,712
0
22,691|
|---|---|---|---|
||||**27,403**
274
32,983|
||||**33,257**
(5,854)
0|
||||(5,854)
15,428|
||||**9,574**|
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## **FISHERMEAD TRINITY CENTRE**
## **BALANCE SHEET**
## **AT 31[st] MARCH 2023**
|**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**
**£**
4,952
24,108
0
24,108
696
23,412
28,364
28,364|**Restricted**
**Funds**
**£**
-
41
934
975
-
975
975
975|**2023**
**Total**
**Funds**
**£**
4,952
24,149
934
25,083
696
24,387
29,339
29,339
28,364
975
29,339|**2022**
**Total**
**Funds**
**£**
478
5,986
3,780|
|---|---|---|---|---|
|||||9,766
670|
|||||9,096|
|||||9,574|
|||||9,574|
|||||8,513
1,061|
|||||9,574|
The financial statements were presented to the Trustees 25[th] January 2024 and were signed on their behalf by:-
Trustee………………………………..
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**FISHERMEAD TRINITY CENTRE**
## **NOTES TO FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[st] MARCH 2023**
## **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
Office Income
|**2023**
**£**
28,161
41
2
**28,204 **|**2022**
**£**
22,690
1
0
**22,691**|
|---|---|---|
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## **FISHERMEAD TRINITY CENTRE**
## **NOTES TO FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31[st] MARCH 2023**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remunerations or other benefits for the year ended 31[st ] March 2023 nor for the year ended 31[st] March 2022.
## **Trustees' Expenses**
There were no trustees' expenses paid for the year ended 31[st] March 2023 nor for the year ended 31[st] March 2022.
## **4. STAFF COSTS**
|Wages and Salaries
Work Place Pension
Furlough Scheme
**Total Payroll**|**2023**
**£**
3,214
0
0
.
**3,214**|**2022**
**£**
11,229
843
(1,339)
.
**10,733**|
|---|---|---|
## **5. TANGIBLE FIXED ASSETS**
||Plant and
Machinery|Fixtures
and
Fittings|Fixtures
and
Fittings|Computer
Equipment|Computer
Equipment|Total|
|---|---|---|---|---|---|---|
||**£**|**£**||**£**||**£**|
|**COST**|||||||
|At 1stApril 2022|322|52,621||1,978||54,921|
|Disposals in year|-|-||-||0|
|Additions|2,812|416||3,793||7,021|
|At 31stMh 2023|3134|53037||5771||61942|
|arc|,|,||,||,|
|**DEPRECIATION**|||||||
|At 1stApril 2022|313|52,241||1,889||54,443|
|Disposals in year|-|-||-||0|
|Charge for Year|931|335||1,281||2,547|
|At 31stMh 2023|1244|52576||3170||56990|
|arc|,|,||,||,|
|**NET BOOK**|||||||
|**VALUE**|||||||
|At 31stMarch 2023|1,890|461||2,601||4,952|
|At 31stMh 2022|9|380||89||478|
|arc|||||||
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**FISHERMEAD TRINITY CENTRE**
## **NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31[st] MARCH 2023**
## **6. DEBTORS; AMOUNTS DUE AT FINANCIAL YEAR END**
|**6. DEBTORS; AMOUNTS DUE AT FINANCIAL YEAR END**|||
|---|---|---|
|**2023**
**2023**
**General**
**Restricted**
**Fund**
**Fund**
**£**
**£**
Hall Hire
0
0
Community Garden Grant application
0
934
- -
**0**
**934**
**7. CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**2022**
**£**
**£**
Waste Collection
146
166
Insurance Premium
550
504
**696**
**670**|**2023**
**Restricted**
**Fund**
**£**
0
934
-|**2022**
**Total**
**Funds**
**£**
1,420
2,360
|
|||___ __
**3,780**|
## **8. MOVEMENT IN FUNDS**
|Unrestricted General Fund
Restricted Funds:
Community Larder
Internet Café
Fishermead 50 Celebration
Community Garden
**Total Funds**|Net
At 1stApril Movement
2022 in Funds
£
£
8,513
19,851
500
0
0 0
0 250
561
(336)
**9,574**
**19,765**|Transfers
Between
31stMarch
Funds
2023
£
£
-
28,364
-
500
-
0
-
250
-
225
**-**
**29,339**|
|---|---|---|
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## **FISHERMEAD TRINITY CENTRE**
## **NOTES TO FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31[st] MARCH 2023**
|**INCOMING RESOURCES**
**Voluntary Income**
Grants
Donations
Insurance
**Activities for Generating Funds**
Letting Income
Bank Interest
Office Income
**Total Incoming Resources**
**RESOURCES EXPENDED**
**Governance Costs**
Accountancy and Bookkeeping
Legal and Professional Fees
Insurance Claim
**Other Resources Expended**
Cleaning
Repairs, Renewals and Maint
Regeneration and Refurbishment
**Support Costs**
**Management**
Wages
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
£
2,400
389
14,027
28,161
41
2
**45,020**
0
72
888
**960**
1,045
5,332
0
**6,377**
3,214
1,485
550
5,225
619
889
197
1,051
1,341
**14,571**
288
426
335
1,281
931
**2,547**
**25,169**
**19,851**|Restricted
Funds
£
2,810
-
-
-
-
-
**2,810**
-
-
-
**0**
-
80
599
**679**
-
-
-
-
-
-
112
-
-
**112**
-
2,105
-
-
-
**0**
**2,896**
**( 86)**|2023
Total
£
5,210
389
14,027
28,161
41
2
**47,830**
0
72
888
**960**
1,045
5,412
599
**7,056**
3,214
1,485
550
5,225
619
889
309
1,051
1,341
**14,683**
288
2,531
335
1,281
931
**2,547**
**28,065**
**19,765 **|2022
Total
£
4,160
552
0
22,690
1
0|
|---|---|---|---|---|
|||||**27,403**
100
72
0|
|||||**172**
952
3,813
503|
|||||**5,268**
10,733
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)**|
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## **FISHERMEAD TRINITY CENTRE**
## **NOTES TO FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31[st] MARCH 2023**
|**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)**|2023
Community
Garden
£
0
0
0
0
**0**
80
0
165
0
91
0
0
0
0
0
**336**
**0**
**( 336)**|2023
Internet
Café
£
2,560
0
0
0
**2,560**
0
0
434
0
21
0
0
0
2,105
0
**2,560**
**0**|2023
F'rmead 50
Celebration
£
250
0
0
0
**250**
0
0
0
0
0
0
0
0
0
0
**0**
**250**|2023
Restricted
Total
£
**2,810**
**0**|
|---|---|---|---|---|
|||||**2,810**
**80**
**599**
**112**
**0**
**2,105**|
|||||**2,896**|
|||||**( 86)**|
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