TYE GREEN COMMUNITY AND LEISURE ASSOCIATION FINANCIAL STATEMENTS Period ending 31st December 2024
Prepared by:
G Felstead 26 Woodward Gardens Sawbridgeworth Herts CM21 OFS Tel: 07748 818843
,
TYE GREEN COMMUNITY AND LEISURE ASSOCIATION
Information
Twelve months ended 31st December 2024
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|Charity|Registered|no:|301331|
|Legal|Status:|The|Charity|is established|by Constitution|
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TRUSTEES:
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|Mrs|Marilyn|Pearce|Mrs Penny Taylor|
|Mrs Jan|Clarke|Mrs Abra|Murray|
|Ms|Katherine|Frances|
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|IU|
|PRINCIPAL ADDRESS:|Tilegate|Road|
|Bush|Fair|
|Harlow|
|Essex|
|CM18|6LU|
|INDEPENDENT|EXAMINER:|Miss G|Felstead|
|26|Woodward|Gardens|
|Sawbridgeworth|
|Herts|
|CM21|OFS|
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TYE GREEN COMMUNITY AND LEISURE ASSOCIATION
Trustees Responsibilities
Twelve months ended 31st December 2024
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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 consistenily.
b) Makejudgements 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 enabie 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 behaif ofthe trustees:
Date:
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TYE GREEN COMMUNITY AND LEISURE ASSOCIATION
Twelve months ended 31st December 2024
The Trustees submit their annual report and financial statements for the year ended 31st December 2024.
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 centrecontinues to work hard to build it’s footfall back up after the Covid-19 pandemic The 2 year old funding started in April 2024 and increased th County Council funding by around £25,000. The changes to National Minimum Wage has obviously had an impact on the salary payments across the boat but the ratios are still met, and the playgroup salary figure has only increased marginally compared with the funding increase due to the number of additional funded places sought.
The fees received from paying parents rather than funded parents decreased this year by around £2,000, but we expected this figure to reduce from April 2024 when the new funding rules come into force and meant that more parents qualified for funded places. We expect the demand for places to continue to increa: with the funding available.
Private Lettings fees for the hall increased by around £2,400.00. There were a few costs that dropped slightly while some still rose in line with inflation and the Cost of Living rises across the board. The most significant increases were for Rates (+£1178.99), Training (+£1019.60), Group 3 (Office) wages (+£1746.38), Group 2 (caretaking) wages (+£811.02), Stationery & Printing (+1422.68) and Security (4+£1477.90). Most 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
It is amazing to see the centre go from strength to strength with a dedicated team of volunteers who work hard to ensure the centre is seen as a community hub, and continues to offer a range of diverse activities to the local community.
Having made losses for a few years as the centre battled with cost of living crises, the covid 19 pandemic and a change to government funding, it is great to see the centre start to make a profit that can be invested back into this much needed and worthwhile community facility so that it can continue to provide the lifeline it does to so many local families in the Bush Fair area of Harlow. The centre continues to be in a healthy financial situation.
TYE GREEN COMMUNITY AND LEISURE ASSOCIATION
Independent Examiners Report to the trustees of Tye Green Community and Leisure Association
| report on the accounts of the Trust for the year ended 31st December 2024, 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. lt is my responsibility to:
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e examine the accounts under section 145 of the 2041 Act;
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@ 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
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@ 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 e 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 26 Woodward Gardens Sawbridgeworth Herts
May-25
CM21 OFS
TYE GREEN COMMUNITY AND LEISURE ASSOCIATION
Balance Sheet
As at end of Dec'24 As atend of Dec '23
ASSETS
Fixed Assets
Current Assets
Other Indirect Costs
Bank/Cash
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Current 42,216 38,405
Barclays = ____
Current Assets 42,216 38,405
ASSETS 42,216 38,405
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TOTAL ASSETS
LIABILITIES
Less: Current Liabilities Creditors Accrued Creditors Current Liabilities
se TOTAL CURRENT ASSETS
Capital Opening Balance Net Profit (Loss) Less Drawings
CAPITAL EMPLOYED
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- -
_ ee
42,216 38,405
38,405 52,381
3,811 -~ 13,976
42,216 38,405
42,216 38,405
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TYE GREEN COMMUNITY AND LEISURE ASSOCIATION Income & Expenditure
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|Jan|'24 to|Dec|‘24|Jan|'23|to|Dec|'23|
|INCOME|
|Lettings|23,097.65|23,218.80|
|Playgroups|2,756.00|4,781.29|
|Grants|-|-|
|Hall|Hire|5,794.40|3,307.95|
|Bank|interest|received|-|-|
|Total income|31,648.05|31,308.04|
|DIRECT|COSTS|
|Playgroup Expenses|3,846.07|1,967.25|
|Playgroup|Salaries|40,640.01|39,039.49|
|Building|Projects|-|-|
|Total|Direct Costs|44,486.02|41,006.74|
|GROSS PROFIT (LOSS)|-|12,837.97|-|9,698.70|
|OTHER|INCOME|
|Council|Funding|(Ofsted)|76,472.11|51,195.93|
|Total Other income|76,472.11|51,195.93|
|63,634.14|41,497.23|
|OVERHEADS|
|Accountancy|650.00|550.00|
|Insurance|1,475.47|1,910.77|
|Training|1,368.00|348.40|
|Stationery/Printing|1,444.09|21.41|
|Cleaning|654.93|503.05|
|Rates|2,717.23|1,538.24|
|Bank Charges|226.30|80.74|
|Telephone|1,619.65|1,704.52|
|Security|1,477.90|-|
|Repairs/Renewals|1,917.79|2,801.11|
|Miscellaneous|711.76|922.37|
|Cleaning/Caretaker Wages|10,534.99|9,723.97|
|Office Salaries|26,358.28|24,611.90|
|Light & Heat|4,295.21|5,061.33|
|Waste|1,972.78|2,877.14|
|Computer|398.32|818.34|
|Rent/Legal|Fees|2,000.00|2,000.00|
|Total|Overheads|59,822.70|55,473.29|
|TOTAL OPERATING COSTS|59,822.70|55,473.29|
|EXCESS|(DEFICIT) OF INCOME OVER EXPENDITUR|3,811.44|-|13,976.06|
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