## **REGISTERED CHARITY NUMBER: 282839**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2024**
**FOR**
**FISHERMEAD TRINITY CENTRE**
## **FISHERMEAD TRINITY CENTRE**
## **CONTENTS OF THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[st] MARCH 2024**
||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 2024**
The trustees present their report with the financial statements of the charity for the year ended 31[st] March 2024. 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.
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## **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 has returned to the pre-pandemic utilisation levels. There has been a further rotation of staff during the financial year which has had an impact on the level of service the centre can offer.
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. The continued economic and financial pressures has meant families are still having to manage the increased energy prices and cost of living impacts. Given this backdrop the centre has become a hub partnering with groups that deliver warm spaces, after school projects, internet for those deprived of online access and a community larder.
## **E. FINANCIAL REVIEW**
## **Policy on reserves**
The cash at the bank is £23,620, which represents £23,752 general, unrestricted funds. The delayed Digital Deprivation grant application has delivered an overdrawn balance of £132 on the restricted funds. Although the Digital Deprivation is overdrawn there are balances on 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) of general fund expenditure (i.e. £7,736 based on 2023/24 activity), believing that this provides a prudent buffer against unforeseen expenditure. The funds currently held are equivalent to 55 weeks of expenditure. Although considerably higher than the policy target it will permit the smooth induction of a centre manager.
## **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 £4,182 (2023; £19,851 surplus) during the year.
The 2023/2024 Financial Year continued to deliver its activities with the support of a pool of volunteers although this pool has gone through a number of rotations. Unfortunately the volunteer who agreed to fulfil the manager role departed in the winter of 2023. This
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prompted the decision to split the manager role. It has been split between the booking administration work and the general management of the centre. The centre successfully appointed the booking administrator in the summer of 2024 but the general management is still being shared between a small team of volunteers.
The centre continues to be available to groups and the community for six days of the week. Christian worship is celebrated on Sundays. The centre was used as a warm space facility during the winter and spring of the financial year. The centre is also equipped to provide IT support to those in the community who are digitally deprived. The reduced staff costs have enabled the centre to continue to consolidate its reserves.
The trustees appreciate all the efforts of those who stepped in to continue to maintain the operation of the building.
## **ON BEHALF OF THE BOARD**
Trustee: …………………………
D.J.Mahon 30[th] January 2025 Date: …………………………
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CHARITY COMMISSION
FOR ENGLANO AND WALES
Section A
Independent Examiner's Report
Report to the trusteesl
members of
Trinity Centre Trust
On accounts for the year
ended
3151 March 2024
Set outon pages
8-14
I report lo the trustees on my examination of the accounts of the above
¢haTity I'the Trust } for the year endéd 3110312024.
Regpon91billtles and AS the Charity trustees, you are responsible for the preparation of the
basis of report accounts in accordance with the Charities Act 2011 {"the Acf,)
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying oul my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 14515llb) of the Act.
Independent IThe charity's gross income exeded £250,000 and l am qualified lo
examiner's statement undertake the examination by being a qualified member of linsert name of
applicable listed bodyll. Dèlète I l if not applicable.
I have completed my examination. I confirm that no material mallers have
come lo my attention I
') in conneclion with
the examination which gives me cause lo believe that in. any material
respect..
the accounting record8 were not kept in accordan with section 130
of the Act,. or
the accounts did not accord with the accounting records,. 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 mallers in connection
with the examination to which attention should be drawn in this report in
order to enable a proper understanding of the accounts to be reached.
Please delete the words in the brackols if they do not apply.
Signed:
Name:
Timothy May
Relevant profe$$lonal
qualifi¢ationlsl or body , M BA
(if anyl-
**Address:**
## 7 Sandown Court
Bletchley
## Milton Keynes, MK3 5LZ
## **Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
## **Give here details of any items that the examiner wishes to disclose** .
7 | P a g e
## **FISHERMEAD TRINITY CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31[st] MARCH 2024**
|**Notes**
**Unrestricted**
**Funds**
**£**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Voluntary Income
30
Insurance Claim
0
Activities for Generating
Funds
2
35,095
**Total Incoming**
**Resources**
**35,125**
**RESOURCES EXPENDED**
Governance Costs
279
Other Resources
Expended
30,664
**Total Resources**
**Expended**
**30,943**
**NET INCOMING/(OUTGOING)**
**RESOURCES BEFORE**
**TRANSFERS**
4,182
**Transfers between**
**Funds**
0
**Net**
**Incoming/(Outgoing)**
**Resources**
4,182
**RECONCILIATION OF FUNDS**
**Total Funds Brought**
**Forward**
28,364
**TOTAL FUNDS**
**CARRIED FORWARD**
8
**32,546**|**Restricted**
**Funds**
**£**
1,030
0
0
**1,030**
0
1,203
**1,203**
( 173)
0
( 173)
975
**802**|**2024**
**Total**
**Funds**
**£**
1,060
0
35,095
**36,155**
279
31,867
**32,146**
4,009
0
4,009
29,339
**33,348**|**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**|
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## **FISHERMEAD TRINITY CENTRE**
## **BALANCE SHEET**
## **AT 31[st] MARCH 2024**
|**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**
**£**
3,411
23,752
5,545
29,297
162
29,135
32,546
32,546|**Restricted**
**Funds**
**£**
-
(132)
934
802
-
802
802
802|**2024**
**Total**
**Funds**
**£**
3,411
23,620
6,479
30,099
162
29,937
33,348
33,348
32,546
802
33,348|**2023**
**Total**
**Funds**
**£**
4,952
24,149
934|
|---|---|---|---|---|
|||||25,083
696|
|||||24,387|
|||||29,339|
|||||29,339|
|||||28,364
975|
|||||29,339|
The financial statements were presented to the Trustees 25[th] January 2025 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 2024**
## **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
|**2024**
**£**
34,774
291
30
**35,095 **|**2023**
**£**
28,161
41
2
**28,204**|
|---|---|---|
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## **FISHERMEAD TRINITY CENTRE NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31[st] MARCH 2024**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remunerations or other benefits for the year ended 31[st ] March 2024 nor for the year ended 31[st] March 2023.
## **Trustees' Expenses**
There were no trustees' expenses paid for the year ended 31[st] March 2024 nor for the year ended 31[st] March 2023.
## **4. STAFF COSTS**
|Wages and Salaries
Work Place Pension
Furlough Scheme
**Total Payroll**|**2024**
**£**
8,182
0
0
.
**8,182**|**2023**
**£**
3,214
0
0
.
**3,214**|
|---|---|---|
## **5. TANGIBLE FIXED ASSETS**
||Plant and
Machinery|Fixtures
and
Fittings|Fixtures
and
Fittings|Computer
Equipment|Computer
Equipment|Total|
|---|---|---|---|---|---|---|
||**£**|**£**||**£**||**£**|
|**COST**|||||||
|At 1stApril 2023|3,134|53,037||5,771||61,942|
|Disposals in year|-|-||-||0|
|Additions|0|0||225||225|
|At 31stMh 2024|3134|53037||5996||62167|
|arc|,|,||,||,|
|**DEPRECIATION**|||||||
|At 1stApril 2023|1,244|52,576||3,170||56,990|
|Disposals in year|-|-||-||0|
|Charge for Year|624|209||933||1,766|
|At 31stMh 2024|1868|52785||4103||58756|
|arc|,|,||,||,|
|**NET BOOK**|||||||
|**VALUE**|||||||
|At 31stMarch 2024|1,266|252||1,893||3,411|
|At 31stMh 2023|1890|461||2601||4952|
|arc|,|||,||,|
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**FISHERMEAD TRINITY CENTRE**
## **NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31[st] MARCH 2024**
## **6. DEBTORS; AMOUNTS DUE AT FINANCIAL YEAR END**
|**6. DEBTORS; AMOUNTS DUE AT FINANCIAL YEAR END**|||
|---|---|---|
|**2024**
**2024**
**General**
**Restricted**
**Fund**
**Fund**
**£**
**£**
Hall Hire
5,545
0
Digital Deprivation Grant Application
0
934
- -
**5,545**
**934**
**7. CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2024**
**2023**
**£**
**£**
Waste Collection
162
146
Insurance
550
**162**
**696**|**2024**
**Restricted**
**Fund**
**£**
0
934
-|**2023**
**Total**
**Funds**
**£**
0
934
|
|||___ __
**934**|
## **8. MOVEMENT IN FUNDS**
|Unrestricted General Fund
Restricted Funds:
Community Garden
Internet Café
Fishermead 50 Celebration
Community Larder
**Total Funds**|Net
At 1stApril Movement
2023 in Funds
£
£
28,364
4,182
225
0
0 0
250(203)
500
30
**29,339**
**4,009**|Transfers
Between
31stMarch
Funds
2024
£
£
-
32,546
-
225
-
0
-
47
-
530
**-**
**33,348**|
|---|---|---|
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## **FISHERMEAD TRINITY CENTRE**
## **NOTES TO FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31[st] MARCH 2024**
|**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
£
0
30
0
34,774
291
30
**35,125**
200
79
0
**279**
1,005
2,985
919
**4,909**
8,182
1,856
563
8,375
666
1,002
111
1,075
1,484
**23,314**
258
417
209
933
624
**1,766**
**30,943**
**4,182**|Restricted
Funds
£
1,000
30
-
-
-
-
**1,030**
-
-
-
**0**
-
-
167
**167**
-
-
-
-
-
-
1,036
-
-
**1,036**
-
-
-
-
-
**0**
**1,203**
**( 173)**|2024
Total
£
1,000
60
0
34,774
291
30
**36,155**
200
79
0
**279**
1,005
2,985
1,086
**5,076**
8,182
1,856
563
8,375
666
1,002
1,147
1,075
1,484
**24,350**
258
417
209
933
624
**1,766**
**32,146**
**4,009**|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 **|
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## **FISHERMEAD TRINITY CENTRE**
## **NOTES TO FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31[st] MARCH 2024**
|**Restricted Funds Analysis**
**INCOMING RESOURCES**
**Voluntary Income**
Grants
Donations
**Total Incoming Resources**
**RESOURCES EXPENDED**
**Other Resources Expended**
Repairs, Renewals and Maint
Regeneration and Refurbishment
Sundries
Postage, Stationery and Advertising
IT Costs
**Total Resources Expended**
**Net Income/(Expenditure)**|2024
Community
Garden
£
0
0
30
0
**0**
0
0
0
0
0
0
0
0
0
0
**0**
**0**
**30 **|2024
Internet
Café
£
0
0
0
0
**0**
0
0
0
0
0
0
0
0
0
0
**0**
**0**|2024
F'rmead 50
Celebration
£
1,000
0
0
0
**1,000**
0
0
167
0
1,036
0
0
0
0
0
**1,203**
**( 203)**|2024
Restricted
Total
£
**1,000**
**30**|
|---|---|---|---|---|
|||||**1,030**
**0**
**167**
**1,036**
**0**
**0**|
|||||**1,203**|
|||||**( 173)**|
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