**TYE GREEN COMMUNITY AND LEISURE ASSOCIATION FINANCIAL STATEMENTS** Period ending 31st December 2022 Prepared by: G Felstead 3 Cherry Gardens Sawbridgeworth Herts CM21 9DW Tel: 01279 721549 TYE GREEN COMMUNITY AND LEISURE ASSOCIATION ## Information ## Twelve months ended 31st December 2022 |Charity Registered no:|301331| |---|---| |Legal Status:|The Charity is established by Constitution| |TRUSTEES:|| |Mrs Marilyn Pearce|Mrs Penny Taylor| |Mrs Jan Clarke|Ms Louisa Smith| |Ms Christine Whelan|Mr John Sungitsa| |Mrs Betty Turner|| |PRINCIPAL ADDRESS:|Tilegate Road| |---|---| ||Bush Fair| ||Harlow| ||Essex| ||CM18 6LU| |INDEPENDENT EXAMINER:|Miss G Felstead| ||3 Cherry Gardens| ||Sawbridgeworth| ||Herts| ||CM21 9DW| ## TYE GREEN COMMUNITY AND LEISURE ASSOCIATION ## Trustees Responsibilities Twelve months ended 31st December 2022 Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for that year. In preparing those financial statements the trustees are required to: a) Select suitable accounting policies and then apply them consistently. b) Make judgements and estimates that are reasonable and prudent. c) State whether the policies adopted are in accordance with SORP and with applicable accounting standards, subject to and material departures disclosed and explained in the financial statements. The trustees are responsible for keeping proper accounting records which disclose with responsible accuracy at any time the financial position of the Charity and to enable them to ensure the financial statements comply with the Charities Act. They are also responsible for safeguarding the asset of the Charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Signed on behalf of the trustees: Mrs B Turner Date: 11th October 2023 TYE GREEN COMMUNITY AND LEISURE ASSOCIATION ## Twelve months ended 31st December 2022 The Trustees submit their annual report and financial statements for the year ended 31st December 2022. ## Objectives of the Charity The Charity is responsible for providing community and leisure facilities based at the Tye Green Community Centre, Bush Fair, Harlow, Essex. ## Review of the year Tye Green community centre is still working hard to build it’s footfall back up after the Covid-19 pandemic. There have been several short term changes which have had a direct affect on the figures for this financial year, but which should rectify themselves for the following financial year. One such change is the way 2 year-olds of working families will be entitled to 15 hours of childcare from April 2024. There is also additional funding for working families from 9-23 months, but this will not affect the pre-school provision. The fees received from paying parents was reduced in 2022 as a conscious decision was made to limit the number of two year olds each day to only 4 for ratio purposes, as the room supervisor was on maternity leave for the vast majority of the year. The intention is to increase this number back up to 15 per session as soon as possible, but we especially expect this number to increase from April 2024. One final grant was received from Harlow Council in February 2022 of £2667.00. We do not expect to receive any further Covid Grants. Income for the hall dropped by around £13,000, but with this a reduction in direct costs of £6,250. This difference is where the majority of the £7,000 loss comes from. There have been a few increases and decreases across the year, which are to be expected in the current cost of living crisis which has seen many basic costs increase across the board. The fact that light and heat has only increased by around £270 shows how hard the team work to keep costs low and get best value for money from suppliers. Other noteable increases are for telephone, PPS and waste which have all increased by around £300. ## Results Despite a reduction in 2 year olds for the past year reducing the amount of fee paying income received, the lettings side of Tye Green has almost doubled from the £13,500 income from lettings in 2021, to just over £24,000 income from lettings in 2022. Again, this goes to show just how much the staff are doing to ensure that Tye Green Community Centre is known locally as a community hub, available for hire, and how much it is being utilised again as clubs and activities bounce back or start again in a post pandemic world. TYE GREEN COMMUNITY AND LEISURE ASSOCIATION ## **Independent Examiners Report to the trustees of Tye Green Community and Leisure Association** I report on the accounts of the Trust for the year ended 31st December 2022, which are set out on pages 6 and 7. Respective responsibilities of Trustees and examiners. The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiners report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - To keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. G Felstead 3 Cherry Gardens Sawbridgeworth Herts CM21 9DW 7th October 2023 TYE GREEN COMMUNITY AND LEISURE ASSOCIATION ## Balance Sheet As at end of Dec '22 As at end of Dec '21 ## ASSETS **----- Start of picture text -----**
Fixed Assets
Current Assets
Other Indirect Costs
Bank/Cash
Current 52,381 60,378
- -
Barclays
Current Assets 52,381 60,378
TOTAL ASSETS 52,381 60,378
LIABILITIES
Less: Current Liabilities
Creditors
Accrued Creditors
Current Liabilities - -
TOTAL LIABILITIES - -
TOTAL CURRENT ASSETS 52,381 60,378
Capital
Opening Balance 60,378 59,004
Net Profit (Loss) - 7,997 1,374
52,381 60,378
Less Drawings
CAPITAL EMPLOYED 52,381 60,378
**----- End of picture text -----**
## TYE GREEN COMMUNITY AND LEISURE ASSOCIATION Income & Expenditure |INCOME
Lettings
Playgroups
Grants
Hall Hire
Bank interest received
**Total Income**
DIRECT COSTS
Playgroup Expenses
Playgroup Salaries
Building Projects
**Total Direct Costs**
**GROSS PROFIT (LOSS)**
OTHER INCOME
Council Funding (Ofsted)
**Total Other income**
OVERHEADS
Accountancy
Insurance
Training
Stationery/Printing
Cleaning
Rates
Bank Charges
Telephone
Security
Repairs/Renewals
Miscellaneous
Cleaning/Caretaker Wages
Office Salaries
Light & Heat
Waste
Computer
Rent/Legal Fees
**Total Overheads**
**TOTAL OPERATING COSTS**
**EXCESS (DEFICIT) OF INCOME OVER EXPENDITURE**|Jan '22 to Dec '22
24,059.01
2,313.86
2,667.00
3,347.33
-
1,986.08
24,827.09
-
38,254.14
550.00
1,923.23
568.38
947.74
560.55
863.74
162.91
1,563.56
532.80
1,952.65
2,623.30
8,972.89
23,212.34
2,220.00
2,327.20
844.35
2,000.00
**32,387.20**
**5,574.03**
**38,254.14**
**43,828.17**
**51,825.64**
**7,997.47**
**-**
**51,825.64**
**26,813.17**|Jan '21 to Dec '21
13,543.95
4,207.50
30,325.69
1,585.30
-
1,599.19
31,468.28
-
34,204.80
550.00
1,681.86
761.88
614.38
703.79
1,169.36
189.96
1,144.76
1,240.80
2,359.85
2,078.15
8,582.23
21,780.38
1,946.39
1,985.67
635.82
2,000.00
**49,662.44**
**33,067.47**
**16,594.97**
**34,204.80**
**50,799.77**
**49,425.28**
**1,374.49**
**49,425.28**| |---|---|---|