2023-03-31-accounts

Charity Registra-on No. 301887

THE WARREN CENTRE ANNUAL REPORT & UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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THE WARREN CENTRE

CENTRE LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Belinda Harvey Allan Croombs Cynthia Gostling Paul Brown Charity number 301887

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THE WARREN CENTRE

CONTENTS

	Page
Trustees report	4-5
Statement of fnancial ac-vi-es	6
Balance sheet	7
Notes to the accounts	8-13

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THE WARREN CENTRE

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their report and accounts for the year ended 31 March 2023

The accounts have been prepared in accordance with the accoun-ng policies set out in note 1 to the accounts and comply with the Trust's deed, the Chari-es Act 2011 and the Statement of Recommended Prac-ce, "Accoun-ng and Repor-ng by Chari-es", issued in March 2005.

Objec@ves and ac@vi@es

The Warren Centres objects are to provide facili-es in the interests of social welfare, recrea-on, and leisure -me, with the object of improving the condi-ons of life for the inhabitants of Micheldever Sta-on. Also, for the advancement of educa-on and public benefit of the community, inhabitants, and neighbourhood, without dis-nc-on of age, sex, poli-cal or religious views or other opinions, by providing opportuni-es of social, health and educa-onal benefit. There has been no change in policies during the year. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what ac-vi-es they should undertake.

Fundraising

The Warren Centre has run fundraising events during the period which include a jubilee party and a Christmas Fayre. Addi-onal funding has been obtained from the licensee arrangements. Further income will be generated from offering parking facili-es to commuters. The Warren Centre con-nues to rent out its hall and playing field/football pitch to raise income. The charity has met its objec-ves in so much as it has helped facilitate local social and educa-onal events.

Financial Review

The main hall was refurbished in 2018 which was funded by a grant and reserves. The income generated by the hall and playing field users has been more than enough to meet expenditure.

Structure, Governance and Management

The Trust was established by a charitable trust deed on 1st July 1971. The Trustees who served during the year were:

Belinda Harvey

Allan Croombs

Cynthia Gostling

Paul Brown

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THE WARREN CENTRE

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

The Recruitment and Appointment of Trustees The exis-ng Trustees are responsible for the introduc-on and recruitment of new Trustees (who are generally appointed by elec-on at each AGM) thereby seeking to become more representa-ve of the local Community.

Community Members are encouraged to par-cipate in the work of the centre by undertaking Trusteeship and by giving their -me as Volunteers, contribu-ng to the work of the centre

The Organisa@on Structure of the Community Associa@on

The Trustees of the Charity are jointly responsible for general control and management of the centre.

Trustees undertake their role in a voluntary capacity, giving their -me freely and without remunera-on or reward.

The Trustees meet monthly as the General Management Commiaee of the Charity and are jointly responsible for taking all decisions rela-ng to the running and management of the centre, together with the Community facili-es and ac-vi-es provided by 3rd par-es to the centre.

The Trustee’s report was approved by the Board of Trustees.

Belinda Harvey Trustee

Dated: 16/1/2024

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THE WARREN CENTRE

STATEMENT OF FINANCIAL ACTIVITIES

INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

	Unrestricted Funds Restricted Funds Total 2023 This year Total 2022 last year £ £ £ £
Notes
Income From: Dona-ons & Legacies 2 Charitable Ac-vi-es 3 Other Trading Ac-vi-es 4 Finance Income
	1522 0 1522 100 8531 0 8531 7395 19,797 0 19,797 8378 16 0 16 0
Total Income	29866 0 29866 15873
Expenditure On: Charitable Ac-vi-es 5
	21006 0 21006 17919
Net (expenditure)/income for the year/Net Movement in Funds Fund balances at 1 April 2022 Start of year Fund balances at 31 March 2023 End of year	8860 0 8860 (2046)
	12402 421 12823
	20516 421 20937 12823

The statement of financial ac-vi-es includes all gains and losses recognised in the year.

All income and expenditure derive from con-nuing ac-vi-es.

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THE WARREN CENTRE

BALANCE SHEET

AS AT 31 MARCH 2023

		2023 £		2022 £
	£		£
Non-Current Assets Tangible Assets 7 Current Assets Cash at bank and in hand Debtors
		295,764		302,806
	17830		13814
Creditors: amounts falling due within one year 8	(3159)		(5629)
Net Current Assets		14671		8185
Total assets less current liabili@es		310435		310991
Creditors: amounts falling due aber more than one year 9		289497		298168
Net Assets		20937		12823
Income Funds Restricted Funds Unrestricted funds
		421 20516		421 12402
		20937		12823

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THE WARREN CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 20YY

1. Accoun@ng policies

Charity Informa@on

The Warren Centre is an unincorporated charity registered in England.

1.1. Accoun@ng Conven@on

The accounts have been prepared in accordance with the Chari-es Act 2011 and Accoun-ng and Repor-ng by Chari-es Statement of Recommended Prac-ce applicable to chari-es preparing their accounts in accordance with the Financial Repor-ng Standard applicable to the UK and Republic of Ireland (FRS 102) (as amended for accoun-ng periods commencing from 1 January 2016). The Warren Centre is a Public Benefit En-ty as defined by FRS102.

The Warren Centre has taken advantage of the provisions in the SORP for chari-es applying FRS102 Update Bulle-n 1 not to prepare a Statement of Cashflows

The accounts are prepared in Sterling, which is the func-onal currency of the Warren Centre. Monetary amounts in these financial statements are rounded to the nearest £,

The accounts have been prepared under the historical cost conven-on, modified to include the revalua-on of freehold proper-es and to include proper-es and certain financial instruments at fair value. The principal accoun-ng policies adopted are set out below.

1.2. Going Concern

At the -me of approving the accounts, the Trustees have a reasonable expecta-on that the Warren Centre has adequate resources to con-nue in opera-onal existence for the foreseeable future. Thus, the Trustees con-nue to adopt the going concern basis of accoun-ng in prepara-on of the accounts.

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1.3. Charitable Funds

Unrestricted funds are available for use at the discre-on of the Trustees in furtherance of their charitable objec-ves unless the funds have been designated for other purposes.

Restricted funds are subject to specific condi-ons by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

1.4. Incoming Resources

Income is recognised when the Warren Centre is legally en-tled to it aler any performance condi-ons have been met, the amounts can be measured reliably, and it is probable that income will be received.

THE WARREN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1. Accoun-ng policies (con-nued)

Cash dona-ons are recognised on receipt. Other dona-ons are recognised once the Warren Centre has been no-fied of the dona-on unless performance condi-ons require deferral of the amount. Income tax recoverable in rela-on to dona-ons received under Gil Aid or deeds of covenant is recognised at the -me of the dona-on.

Legacies are recognised on receipt or otherwise if the Warren Centre has been no-fied of an impending distribu-on, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a con-ngent asset.

The turnover is measured at the fair value of the considera-on received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

1.5. Resources Expended

Expenditure is recognised on an accrual basis as a liability is incurred. It includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Costs of genera-ng funds comprise the costs associated with aarac-ng voluntary income and the cost of fundraising.

Charitable ac-vi-es comprise of those costs incurred by the charity in the delivery of its ac-vi-es and services for its beneficiaries.

Governance costs include those costs associated with mee-ng the cons-tu-onal and statutory requirements of the charity.

All costs are allocated between the expenditure categories of the Statement of Financial Ac-vi-es on a basis designed to reflect the use of the resource. Costs rela-ng to a par-cular ac-vity are allocated directly.

1.6. Tangible fixed assets

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Tangible fixed assets are ini-ally measured at costs and subsequently measured at cost or valua-on, net of deprecia-on and any impairment loss.

Deprecia-on is recognised so as to write off the cost or valua-on of assets less their residual values over their useful lives on the following basis:

Land and Buildings 2% straight line Plant and Machinery 25% reducing balance

THE WARREN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1. Accoun-ng policies (con-nued)

1.7. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturi-es of three months or less and bank overdrals. Bank overdrals are shown within borrowings in current liabili-es.

2. Dona@ons and Legacies

3.0 Charitable Ac@vi@es Dona-ons and Gils Charitable Ac-vi-es Grants Received Analysis by fund Unrestricted funds Restricted funds		2023 2022 £ £ 1523 100
	8172 0 120 238 8531 7395
	8172 0 120 238 8531 7395 0 0 0 0 0 0

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4.0 Other trading ac@vi@es

	2023 2022 £ £ 0 1522 19797 6855
Fund raising events Licence Income
	19797 8377

THE WARREN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 20YY

5.0 Charitable ac@vi@es 6.0 Support Costs General Ac-vi-es (see note 6) Building Projects	2023 2022 £ £ 8531 7395 0 0
	8531 7395

	Support Costs	Govern-	2023	2022	Basis of
		ance Costs			alloca@on
	£	£	£	£
Light and heat	4828	0	4828	4773	General Ac-vi-es
Cleaner	3373	0	3373	2565	General Ac-vi-es
Adver-sing	6	0	6	159	General Ac-vi-es
Refurbishment	7651	0	7651	5139	General Ac-vi-es
Insurance	1269	0	1269	1084	General Ac-vi-es

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Telephone/broadband Business Centre Solware Other	503 0 503 480 General Ac-vi-es 0 0 0 0 General Ac-vi-es 685 0 685 732 General Ac-vi-es 1072 0 1072 43 General Ac-vi-es
	19377 0 19377 14975

7.0 Non-Current Assets THE WARREN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Cost At 1 April 2022 At 31 March 2023 Deprecia@on and Impairment At 1 April 2022 Deprecia-on charged in the year At 31 March 2023 Carrying amount At 1 April 2022 At 31 March 2023	Land & Buildings Plant & Machinery Total £ £ £
	352100 8404 360504
	352100 8404 360504
	49294 8404 57698 7042 0 7042
	56336 8404 64740
	302806 0 302806
	295764 0 295764

8.0 Creditors: amounts falling due within one year

	2023 2022 £ £ 1629 1629 1530 4000
Notes Loans 10 Accruals and deferred income
	3159 5629

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9.0 Creditors: amounts failing due aber more than one year.

	2023 2022 £ £ 18733 20362 270764 277806
Notes Loans 10 Other Creditors 11
	289497 298168

10.0 Loans and Overdrabs

	2023 2022 £ £ 20362 21991
Loans
Payable within one year Payable aler one year	1629 1629 18733 20362

The long-term loans are secured by fixed charges over the assets of the charity.

11.0 Other Long-term creditors

Other long-term creditors is the total restricted grants received for the Warren Centre of £327,100 less deprecia-on of £7042 per annum, the balance at the end of the year was £270764.

12.0 Employees

There were no employees during the year.

THE WARREN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

13.0 Trustees

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None of the Trustees (or any persons connected with them) received any remunera-on during the year, no Trustees were reimbursed for travel expenses.

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