TYE GREEN COMMUNITY AND LEISURE AssoaATION RNANCIAL STATEMEKf5 Period ending 31st December 2 Prepared by: G Felstead 26 Woodward Gardens Sawbridgeworth Herts CM21 OFS Tel: 07748 818843
TYE GREEN COMMUNITY AND LEISURE ASSOCIATION Infomiation Twelve months ended 31st December2023 Challty Registered no: 301331 Lega Status." The Cha is established by Constitution TRUSTEES: Mrs Marilyn Pearce Mrs Jan Clajke Ms Katherine Fran$ Mrs Bety Tumer Mrs Penny Taylor Mrs Abra Murray PRINCIPAL ADDRESS.. rilegate Road Bush Fair Harlow CM18 6LU INDEPENDENT EXAMINER". Miss G Felstead 26 Woooknrd Gardens Sawbridgeworth Herts CM21 OFS
TYE GREEN COMMUNI AND LEISURE ASSOCIAllON Trustees Responsibilths TWee Tnonths ended 31st December 2023 Charity law requires the trustees to prepare financial statements for eath financial yearwhich give a true and fair view of the state of affatrs of the chaty and of its financsal activities for that year. In preparfng those financial statements the twstees are required to.. a) Sew suitable accounting Polictes and then apply them consistenty. b) Make judgements and estimates that are reasonable and prudent c) State whether the policies adopted are in acrdanCe with SORP and with applicabte accounting standards. subject to arKI material departures disclosed and explained in the finanaal statements. The trustees are responsible for keeping proFEr ounng records which disclose wth responsible accuracy at ary time the financial position of the Charity and to enable them to ensure the financtal statements Comp with the Charities Act They are also responsible for safeguarding the asset of the Chanty and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Sign8d on behaw of the trustees: Date..
T GREEN COMMUNITY AND LEISURE ASSOCIATION Twelve months ended 31st December 2023 The Trustees submtttheir annual report and finanual statements for the year ended 3tst December 2023. Objecttves of the Charty The Charity is responsible for providing community and leisure facilities based at the Tye Green Communty Centre, Bush Fair. Harlow. Essex. Review of the ar Tye Green community tentre is still working hard to build kys footFall back up after the Covid-19 pandemiL The 2 year old funding {which will have a significant affect on demand for 2 year old places) will not start until April 2024, so we have yet to see any increase or change in numbers as a direct resulL The Cost of LtvinÉ crisis has had a huge affect on the centre, with the minimum/lrving wage increases having the 8reatest cost implication forthe pre-sthool. increasing these Broup costs by just over £14.000. The fees CeiVed from paying parents rather than fvnded parents inC05ed thls year by just over £2,000, but we expect this figure to reduce again from April 2024 when the new funding grants come into force and mean that more parents will qualify forfunded places. We expett the demand for places to increase with the funding available. As of December 2023 we have a waiting list for plaS in January and after Easter. Private Lettings fees forthe hall dropped by around £800.. There were a few costs that dropped slightty while the majorFty rose Fn line wlth inflation and the Cost of Living rises across the boord. The most significanl increases were for Light & Heat1+£2841.33). Rates & Water {+£674.50). Group 3 Iofficel wages1+£1399.561, Group 2 {caretakingl wages1+£751.Crf)I, Repairs and maintenan {+£850.IJ)l and Waste {+£549.941. M05t of these expenses have gone up countrywide and are not specifically linked to an increase In use such as for light and heat. The team continue to work hard to reduce costs where possible. Results Despite a slight reduction in letting5 income, the fact that this has remained as high as It 15. doubling from the position in December 20211 is a testament to how hard the team work to ensure it is seen as a communty hub. and the range of wonderful and diverse activriies that are on offer should hopefully see the centre go from strength to strength. The loss thi5 year can be explalned entirely by the increase in Group I salaries which are government imposed and therefore there is little that can be done about reducing these costs, without reducing staffing numbers, which then will impatt ratios and the number of children that can be accommodated. The posttion after April 2024 should give a clearer picture on whether these cost variations will level out, and the fact that the centre has always been in a healthy and robust finanaal tUatIOn means that we shoud be able to weather this storm.
TYE GREEN COMMUNITY AND LEISURE ASSOCIATION Independent E¥wniners Reportto the trustees of Tye Green Cornmunity and Leisure Association I report on the accounts of the Trust forthe year ended 31st December 2023, which are set on pages 6 and 7. Respective respK)nsibilities of Trustees and examineTS. The charltys trustees are responsible for the preparation of the accounts. The charitys trustees consider that an audit is not required ft)r this year under section 144(2) of the Charities Act 2011 {the 2011 Act) 8nd that an independent examinaOn is needed. It is my responsibility to= examine the accounts under sectb)n 145 of the 2011 Act to follow the procedures latd down in th8 general Directions given by the Charity Commission under section 145{5>(b} ofthe 2011 Art and to state whether particuiar matters have come to my attention. Basis of Independent examiners report My examination was carried out in accordan with the general Directtons given by the Chartty Commission. An examination indudes a rewew of the accounting records kept by the charity and a ¢omparison of the accounts presented with those records. It aLw includes consideration of any unusual ilems or disck)sures in the 8¢counts. and seeklng explanations from you as trustees ConmIng any such matters. The ProdureS undertaken do not provide all the ewdence that would be required in an audit and cOnsequenY no opinion ts gtven as to whether the accounts presertt a'true and fair vi and the report is limited to tho* matters set out in the statement Indeperent examifter's statement In Gonnection with my examination, no matter has come to my attention" (1) which gives me reasonable cause to believe that in any material respe¢t the requirements: To keep accountrng records in a¢¢ordance seth.on 130 of the 2011 ACL and to prepare accounts which )rd wrth the accounting records and Comply with the accounting requirements ofthe 2011 Act have not been met or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. G Felstead 26 Woodward Gardens Sawbrtdgeworth Herts CM21 OFS Jul-24
TYE GREEN COMMUNITY AND LEISURE ASSOCIATION BanCe Sheet As at end of Dec 23 A3 at end of Dec 22 ASss Flxed Assets CurrentAssets Other Indirect Costs Banklcash Current Barclays 38,405 52,381 38A05 52A81 TOTAL ASSErs 52,381 LIABILITIES Less: Current Liabiltbes Creditors Accrued Creditor5 Ctsrrent Liabilrties TiJfAL UABIUTIES TOTAL CURRENfASSErs 38.405 52.381 Capitsl Opening Balance Net Profit (Lossl 52,381 13.976 38,405 60.378 7.997 52,381 Less Drawings CAPITAL EMPLOYED 38.405 52.381
TYE GREEN COMMUNITY AND LEISURE ASSOCIATION Income & Expenditure Jan ?3 to Dec '23 Jan 22 to Dec ?2 INCOME Lettings Playgroups Grants Hall Hi Bank interest recelved Total Income DIREcf COSTS Playgroup Expenses Playgroup Salaries Building Projects Total Direct Costs GROSS PROFIT (LOSS) 23.218.80 4,781.29 24.059.01 2,313.86 2.667.00 3,347.33 3,307.95 31308.04 32.387.20 1.967.25 39,039.49 1,986.08 24,827.09 41.006.74 9,698.70 26,813.17 5,57&03 OTHER INCOME Council Funding {Ofsted) Totsl Other income 51,195.93 38,254.14 51.195S3 38.254.14 41,497.23 43,828.17 OVERHEADS 550.00 1,910.77 348.40 21.41 503.05 1,538.24 80.74 1,704.52 550.00 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 Insurance Trainin9 StationerylPrinting Cleaning Rates Bank Charges Telephone Security RepairslRenewals MislneoUS Cleaninglcaretaker Wages Office Salaries Light & Heat Waste Computer RenULegal Fees Totsl Overheads 2,801.11 922.37 9,723.97 24,611.90 5,¢X1.33 2.877.14 818.34 2.000.00 55.47329 51A25.64 TOTAL OP£PATING cosrs 55.473.29 51.825.64 EXCESS (OEFicm OF INCOME OVER EXPENDfTUR - 13,976.06 7.997A7