2022-03-31-accounts

Sidney Walter Centre

Trustee report for AGM held on December 9[th] 2022

The object of the centre is to help young and old alike to maintain their physical fitness and mental wellbeing and so improve their condition of life.

It is also to benefit the inhabitants of Worthing, without distinction by associating with local authorities, voluntary organisations and other groups, providing facilities in the interest of social welfare, for recreation and leisure time occupation in the spirit of inclusion and to fight loneliness.

Community groups:

Roy West Art Group

Pilates

Karate

Krav Maga self defence

Poi and Juggling

Nicola Miles Theatre and Dance

Yoga

Sword flow

Storm After school club

Storm Ministries

Coastlands Church

The Redeemed Word Church

Support Groups:

AA

NA

Probation Breakfast club

CGL {addiction help}

Emerging Futures {Housing and counselling}

The Sid Youth

Centre provided daytime activities:

GYM

Fully equipped gym with specialist classes for older people with health problems and provision for young people over 16.

The Cheddars

A social group for older people, providing sedentary activities such as quizzes and board games as well as outings.

Table Tennis

Snooker

Short Mat Bowls

Lounge area for reading, puzzles or simply a quiet place to sit. Tea and coffee are provided.

All the above activities are provided at a very low cost to enable those on low incomes to take part.

The centre is run by a Management committee, consisting of appointed members: Trustees: Mr David Arseneault (Chairman), Mrs Joan Oxley and Mr Phil Marchant, who are all also Trustee Leaseholders, Mrs Doreen Read (Manager), Mr C Cook (Treasurer).

Co-opted members who represent various activities are: D. Darvil, S. Miraba, K. Wright, S.Anderson, J. Vicsai

Treasurers Report

We could not predict what the effect of the lockdown or how long it would last, but with the covid support grants we did survive. On reopening, there were obviously going to be challenges, because many of our members are elderly and have health issues. So it was a slow start and we felt that to encourage their return we would no longer have a membership fee but simply a small session fee for activities. Whilst this did affect our income for a period, in the long term it has meant an increase in numbers attending with new people joining.

To offset this initial loss, we looked closely at all forms of expenditure, especially with utilities and reduced them as much as possible, in particular we locked in on fixed rates for electric (until March 2023) and gas (March 2024), which has benefited us in the current energy crisis. Opening hours were also reduced.

We then looked at our hire rates but felt that it was not the right time to increase them.

What is apparent from our accounts is that the bar is rarely used now. It is not viable to continue to stock it and man it and so we have taken the decision to surrender our premises licence for the sale of alcohol. This will enable the

lounge area to be used by all groups including those attending alcohol recovery groups.

We have been in discussions with potential new groups, which if successful will mean an increase in hirers, where a large part of our revenue for operating costs comes from.

One such group is Active Worthing. They were previously based at the Rowans Gym, run by West Sussex County Council and after the gym there closed were without any gym access for their GP referral clients. After discussions at committee level and consultation with our members, we have come to an agreement for periods that they may use our gym, paying a fee, but will not have exclusive access. This benefits all parties.

The Sid youth are now permanently based here, and in conjunction with them, we have been successful in several bids for small grants. These will allow us to commission youth services, such as school holiday activities and advice for parents and young people who may have challenging behaviour issues.

I am confident that if we carry on with these measures we will be able to fulfil all our commitments.

TRUSTEES REPORT

As trustees we are responsible to oversee the running of the charity and ensure that it continues to operate within its aims and structure. To do this it is important for us to spend time at the centre and not just attend meetings. As chairman I am at the centre everyday and am able to appreciate the difference we make to members. Mrs Joan Oxley is also there two days a week.

The aim of supporting old and young people of Worthing is even more important as we move into the next years, with the increasing cost of living worries. The trustees are very happy with the way in which people are welcomed and

looked after. Our staff, led by Mrs Read, offer help in any way possible, this includes collecting food donations through Fareshare and Bookers and making it available to any of our members who are struggling. They are also happy to offer assistance to those who need help dealing with forms or applications for whatever reason. Much of which is because they don’t have access to a computer or the internet.

In summation we consider that the Charity has met all its aims and responsibilities in what are very challenging times.

Signed on behalf of the trustees

David Garfield Arseneault Chairman and Trustee

SIDNEY WALTER YOUTH AND COMMUNITY CENTRE	SIDNEY WALTER YOUTH AND COMMUNITY CENTRE	SIDNEY WALTER YOUTH AND COMMUNITY CENTRE	SIDNEY WALTER YOUTH AND COMMUNITY CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
FOR YEAR ENDING 31ST MARCH 2022
			2021-2022			2020-2021
	Note	Restricted Fund	Unrestricted Fund	2021-2022	Restricted Fund	Unrestricted Fund	2020-2021
		£	£	£	£	£	£
Incoming resources
Grants	2	9,700	0	19,220		39,857	39,857
Activities in furthurance of the Charity's objectives	3		8,534	8,534		2,440	2,440
Activities forgeneratingfunds	4		31,432	31,432		12,192	12,192
Interest & investment income	5		8	8		8	8
		9,700	39,974	39,974	19,220	54,497	54,497
Less Cost of generating funds
Activities in furthurance of the Charity's objectives	3		0	0		0	0
Total incoming resourses		9,700	39,974	39,974	19,220	54,497	54,497
Resources Expended
Establishment Costs	6		12,107	12,107		17,892	17,892
Administration & Support Costs	7		25,970	25,970		34,510	34,510
Total resources expended		0	38,077	38,077	0	52,402	52,402
Net incomingresources			1,807	1,807	0	2,095	2,095
Unrealisedgains on investments	8		-54	-54		-54	-54
Net movement of funds		0	1,753	1,753	0	2,041	2,041

page 5

Sheet 2017-2018

tick printed 1 Balance sheet P 2 SOFA P 3 NOTES 1 &2 P 4 NOTES 3 TO 12 P 5 6 7 8 9

	Sidney Walter Centre	Sidney Walter Centre	Sidney Walter Centre	Sidney Walter Centre	Sidney Walter Centre
	**Balance Sheet as at 3 **	31st	March		2021
				2021			2020
Fixed Assets		Note	£		£	£		£
	Tangible Fixed Assets	9	34,414			35,585
	Investments	8	8			420
					34,422			36,005
Current Assets
	Stocks	10	120			783
	Debtors	11	400			2,360
	Cash at Bank & in hand		21,250			22,360
					21,770			25,503
Current Liabilities
	Creditors due within 1year	12	592			4,956
					592			4,956
Net Current Assets					21,178			20,547
Net Assets					55,600			54,200
Represented by:
	Unrestricted Funds		54,489			63,855
	Restricted Funds	2	19,220			0
	Revaluation Reserve	8	-184			-184
	Deficit/Surplus for the Year		2,303			3,984
					75,828			67655

Page 6

Note 3
Activities in furtherance of charity's objectives
(Income)			21-22				20-21
		Unrestricted Fund				Unrestricted Fund
		£			£	£			£
	Gymnasium				6,240				20,144
	Snooker				494				248
	Youth Club				0				0
	Bar				0				2,202
	Senior Citizens M/Ship				2,344				1,240
	Under 18				0				782
	SundryIncome				100				65
	VAT refund				0				0
					9,178				24,681
Less Cost of Activities
	Youth Club				0				0
	Gymnasium				0				0
	Bar				0				0
	Snooker				6				0
					0				0
	Sundryrelated expenses				101				54
					101				54
Note 4
Activities forgenerating funds
(Income)	Lettings				31,432				12,192
Note 5
Investment income & interest
	Deposit interest				8				8
	Investment income(Dividends)				0				0
					8				8
Note 6
Establishment Costs
	Cleaning				1,747				2,932
	Light,heat&water				7,043				12,314
	Repairs & maintenance				1,747				516
	R. & M. Restricted Fund				0				0
	Insurance				800				1,430
	General expenses				32				134
					11,369				17,326
Note 7
Administration & Support Costs
	Staff Costs				25,970				30,295
	Office Costs				1,647				1,535
	Bank charges				29				0
	Cost of meetings				450				450
	Accountancyfees				600				600
	Bad debts				0				0
	Depreciation onproperty				1,181				1,181
	Depreciation on fixture & equipment				1,690				1,690
					31,567				35,751

p 10

Note 1

ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets, and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 (SORP 2005) and the Charities Act 1993.

Incoming resources

Voluntary income is received by way of donations, gifts and legacies and is included in full in the Statement of Financial Activities when receivable.

Income from investments is included in the year in which it is receivable.

Legacies are included when the charity is advised by the personal representative of an estate that the payment will be made or property transferred and the amount involved can be quantified.

The value of services provided by volunteers has not been included.

Resources expended

Resources expended are recognised in the year in which they are incurred.

Governance costs are those incurred in connection with the strategic management of the charity, and compliance with constitutional and statutory requirements and public accountability.

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 funds are raised for restricted purposes.

Fixed assets

Investments are shown at market value, any unrealised gain or loss being transferred to reserves. Investment income is accounted for on an accruals basis.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Note 2

GRANTS
	2022	2021
Restricted Grants
Sid Youth	9620	9620
Heritage	9,700	9,600
Unrestricted Grants
Covid support grants		39857
Expenditure of Restricted Grants
Heritage Grant	9600	9600
Sid Youth	9208	171.4

SIDNEY WALTER YOUTH AND COMMUNITY CENTRE	SIDNEY WALTER YOUTH AND COMMUNITY CENTRE	SIDNEY WALTER YOUTH AND COMMUNITY CENTRE	SIDNEY WALTER YOUTH AND COMMUNITY CENTRE	SIDNEY WALTER YOUTH AND COMMUNITY CENTRE	SIDNEY WALTER YOUTH AND COMMUNITY CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
FOR YEAR ENDED 31ST MARCH 2022
				2021-2022			2020-2021
		Note	Unrestricted Fund			Unrestricted Fund
			£		£	£		£
Incoming resources
Grants						39,857.00
Other Income
	Gymnasium Surplus		6,240			2,300
	Rent		31,432			12,192
	VAT refund		0			0
	Snooker		494			0
	Sundryincome		2,344			0
	Senior Citizens Club Surplus		1,800			140
	Under 18's		0			0
	Youth Groups Surplus		0			0
	Bar Surplus		0			120
					42,310			14,752
Total incoming resourses					42,310			54,489
Resources Expended
Establishment Costs
	Cleaning		1,271			2,932
	Light,heat&water		7,043			12,891
	Repairs & maintenance		1,747			816
	Insurance		843			1,253
					10,904			17,892
Administration & Support Costs
	Gymasium		100			0
	Snooker		0			0
	Youth Groups		0			0
	Bar Surplus		0			120
	General Equipment		0			0
	Wages & Salaries		25,970			30,295
	Audit fees		400			400
	Telephone		960
	Printing, postage & stationary		100
	Depreciation		2,160			2,160
	Bad debts		0			0
	SundryExpenses		587			1,535
					30,277			34,510
Total resources expended					41,181			52,402
Investment income and interest
	Interest				0			8
	Dividends				8			0
					8			8
Surplus(Loss) foryear					1,137			2,303

To the Trustees of the Sidney Walter Community

Centre Sussex Road. Worthing BNII !OS

6/12/2022

Accounts for year ended 31st March 2022

I have carried out an independent examination of the accounts as requested. I have examined the financial statements. The Statement of Financial Activities and the Balance Sheet that have been prepared under the accounting policies as detailed.

In the course of this I obtained all the information and explanations which I considered necessary, in order to provide me with sufficient evidence to give assurance that the financial statements are free from material misstatement.

In my opinion the financial statements have been in accordance with the regulations of the Charity set out in the Trust Oeed and give a true and fair view of the financial position of the Charity as at 31st March 2022

Christopher Aylen

Retired Finance Officer

16 Links Avenue

Bognar Regis

P022 SBX

Tel. [phone] Email: seatedmanlm!gmail.com