King Edward Community Centre Association
Registered Charity No: 295123
Annual Report for the year April 2022 – March 2023
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Governance: The Trustees met as required by the constitution. There were no governance issues raised during the year
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Finance: The knock-on effects of the Covid pandemic have been miminal and income has recovered. The finances remain strong. The revenues are in line with expectations and the reserves are healthy. The prime sources of revenue are block bookings of the Centre with additional income from ‘one-off’ lettings.
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Facilities: The buildings, being over 100 years old, require constant maintenance but are generally in good condition.
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Staffing: The Centre employs a Finance Manager, Centre Manager and a Caretaker and a Cleaner.
Signed: Christopher Pope
Chairman of Trustees
26 August 2023
KING EDWARD COMMUNITY CENTRE ASSOCIATION
STATEMENT OF ACCOUNTS FOR YEAR ENDING 31ST MARCH 2023
Registered Charity No. 295123
KING EDWARD COMMUNITY CENTRE ASSOCIATION
Year Ended 31st March 2023 INCOME AND EXPENDITURE ACCOUNT
| INCOME Lettings Grants and Donations Feed-in Tariff Bank Interest Affiliation Fees Centrepoint EXPENDITURE Wages Grounds Maintenance Insurance Cleaning and Refuse Telephones Business Rates Heat, Light, Power & Water Repair and Maintenance Administrative Expenses Internal Auditor Licences Office Equipment |
2020/21 £ £ 11,522.15 30,638.28 2,674.81 614.35 497.35 45,946.94 26,792.33 0.00 586.38 3,409.09 1,062.23 0.00 9,702.56 9,203.07 554.91 0.00 267.00 |
2021/22 £ £ 44,605.35 19,445.76 0.00 0.00 0.00 64,051.11 35,785.23 3,163.49 607.88 4,457.36 784.66 227.38 9,584.29 10,599.84 1,520.24 200.00 1,250.06 |
2022/23 £ £ 59549.94 8000 6353.33 580 900 75,383.27 40636.52 1798.48 639.65 5067.59 1223.42 445.44 9823.13 8924.37 283.61 150 1009.4 2171.87 |
|---|---|---|---|
| Centrepoint | 2140.18 | |||||
|---|---|---|---|---|---|---|
| Other | ||||||
| Expenditure | 1,490.91 | 1,042.22 | 244.28 | |||
| 53,068.48 | 69,222.65 | 74,557.94 | ||||
| Deficit(-) | ||||||
| Expenditure | ||||||
| over Income | -7,121.54 | -5,171.54 | 825.33 | |||
| KING EDWARD COMMUNITY CENTRE | ASSOCIATION | |||||
| BALANCE SHEET | ||||||
| 2020/21 | 2021/22 | 2022/23 | ||||
| £ | £ | £ | £ | £ | £ | |
| Current | ||||||
| Assets | ||||||
| Bank - | ||||||
| Current | ||||||
| Account | 95,994.52 | 82,797.16 | 90482.43 | |||
| Debtors | 0.00 | 6,496.13 | 1227.88 | |||
| 95,994.52 | 89,293.29 | 91710.31 | ||||
| LESS | ||||||
| Current | ||||||
| Liabilities | ||||||
| Creditors | 2,420.83 | 891.14 | 2482.83 | |||
| Net Assets | 93,573.69 | 88,402.15 | 89,227.48 | |||
| Represented | ||||||
| by: | ||||||
| Funds | ||||||
| Balance | ||||||
| Brought | 100,695.2 | |||||
| Forward | 3 | 93,573.69 | 88,402.15 | |||
| Current Year | -7,121.54 | -5,171.54 | 825.33 |
89,227.48
Deficit(-)
Total Funds
93,573.69
88,402.15
Certificates
I certify that I have examined the Accounts of the King Edward Community Centre Association for the Year Ended 31st March 2023 and found them to be correct and in accordance with the vouchers, bank statements and explanations received.
A Papworth - Financial Officer Mark Saunders-Internal Auditor On behalf of the Trustees
Date 24th April 2023 Date