Charity Registra-on No. 301887
**THE WARREN CENTRE ANNUAL REPORT & UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
1 **|** P a g e
## **THE WARREN CENTRE**
## **CENTRE LEGAL AND ADMINISTRATIVE INFORMATION**
Trustees Belinda Harvey Allan Croombs Cynthia Gostling Paul Brown Charity number 301887
2 **|** P a g e
## **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|
3 **|** P a g e
## **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
4 **|** P a g e
## **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
5 **|** P a g e
## **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.
6 **|** P a g e
## **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|
7 **|** P a g e
## **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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8
## **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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9
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||
10 **|** P a g e
## **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|
12 **|** P a g e
## **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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