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2024-03-31-accounts

REGISTERED CHARITY NUMBER:

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WYKEN COMMUNITY ASSOCIATION

Harrison Beale & Owen Limited Chartered Accountants Seven Stars House 1 Wheler Road Coventry CV3 4LB

WYKEN COMMUNITY ASSOCIATION

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2024

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Income and Expenditure Account 4
Balance Sheet 5

WYKEN COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES for the year ended 31 March 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To ascertain the needs of the community and endeavour to fulfil them and promote interest and participation of individuals and organisations in a common effort. The Association also offers facilities to a number of sports and leisure activities, and provides facilities for a nursery.

Significant activities

The activities at the Centre include roller skating, short mat bowls, stage dancing, martial arts, yoga, keep fit, fitness training, U3A activities (including painting classes) and a full time nursery.

The Association works to promote the well being of the community residents in the local area, in association with the local authority, voluntary organisations and residents, to foster a community spirit.

Public benefit

The Trustees have considered the guidance issued by the Charity Commission on public benefit.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Centre is continuing to be successful and has weathered the COVID restrictions well. The number of people attending the centres activities is still increasing with all our clients remaining the same with the addition of the Police Community team meeting with the local residents on a regular basis at the centre.

FINANCIAL REVIEW

Reserves policy

The Association maintains unrestricted reserves only, which are held, in the main, at the local building society. These are held to meet any unforeseen expenditure which may occur. The charity has no formal reserves policy.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its constitution, amended and date 7 April 2013, and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

Trustees are elected by the Committee.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

522918

Principal address

Wyken Community Centre Westmorland Road Wyken Coventry CV2 5PY

Page 1

WYKEN COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES for the year ended 31 March 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees Mrs H Ireland Mr R Griffin Mr R Woods Mr S Benson Mrs L Benson

Independent Examiner Harrison Beale & Owen Limited Chartered Accountants Seven Stars House 1 Wheler Road Coventry CV3 4LB Approved by order of the board of trustees on 29 January 2025 and signed on its behalf by:

Mrs H Ireland - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WYKEN COMMUNITY ASSOCIATION

Independent examiner's report to the trustees of Wyken Community Association

I report to the charity trustees on my examination of the accounts of Wyken Community Association (the Charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Wayne Gutteridge ACA

Harrison Beale & Owen Limited Chartered Accountants Seven Stars House 1 Wheler Road Coventry CV3 4LB

29 January 2025

Page 3

WYKEN COMMUNITY ASSOCIATION CHARITY NO. 522918

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

INCOME
Nursery
Roller skating
Taekwon-Do
Dance group
Bowls club
Blood service
LRCC
Interest received
Aikido
Art class
Rabbits
Ego
Benson dance
Yoga
Zumba
Garages
Mel P Fitness
Coventry Council
U3A
Fish show
Re-enact
Membership subscriptions
Bereavement
Zoe's place Charity
Weight-training
Faslam
Letting
Other income
DIRECT CHARITABLE EXPENSES
Heating and lighting
Repairs and renewals
Insurance
Rates and water
Cleaning expenses
Depreciation
OTHER EXPENSES
Telephone, postage and stationery
Independent Examination fees
Fees and licences
Sundry expenses
SURPLUS FOR THE YEAR		 £
£
22,220
12,677
11,220
9,010
8,281
5,450
4,400
3,131
3,000
1,880
1,750
1,500
1,205
1,140
1,000
960
920
828
810
625
620
460
420
300
200
200
-
244
94,451
31,845
18,114
8,095
5,533
3,887
620
(68,094)
1,573
1,500
511
62
(3,646)
22,711
Unrestricted funds
2024		 £
£
21,740
9,691
9,460
8,775
6,283
7,750
2,300
1,090
2,650
1,840
1,600
1,375
1,245
1,072
1,065
960
1,183
200
765
600
330
-
-
300
100
45
360
165
82,944
12,541
35,931
7,326
7,104
2,752
617
(66,271)
1,804
640
196
582
(3,222)
13,451
Unrestricted funds
2023		 £
£
21,740
9,691
9,460
8,775
6,283
7,750
2,300
1,090
2,650
1,840
1,600
1,375
1,245
1,072
1,065
960
1,183
200
765
600
330
-
-
300
100
45
360
165
82,944
12,541
35,931
7,326
7,104
2,752
617
(66,271)
1,804
640
196
582
(3,222)
13,451
Unrestricted funds
2023
31,845
18,114
8,095
5,533
3,887
620		 12,541
35,931
7,326
7,104
2,752
617
1,573
1,500
511
62		 1,804
640
196
582
13,451

Page 4

WYKEN COMMUNITY ASSOCIATION CHARITY NO. 522918

BALANCE SHEET AS AT 31 MARCH 2024

FIXED ASSETS
Fixtures and fittings
Computer equipment
CURRENT ASSETS
Other debtors
Coventry Building Society
Lloyds Bank
Cash in hand
TOTAL ASSETS
CURRENT LIABILITES
Accruals
NET ASSETS
REPRESENTED BY:
Unrestricted funds
Accumulated funds		 £
£
2,976
1,039
4,015
1,360
111,212
117,727
45
230,344
234,359
2,300
2,300
232,059
232,059
232,059
Unrestricted funds
2024		 £
£
3,501
-
3,501
-
108,081
98,542
24
206,647
210,148
800
800
209,348
209,348
209,348
Unrestricted funds
2023		 £
£
3,501
-
3,501
-
108,081
98,542
24
206,647
210,148
800
800
209,348
209,348
209,348
Unrestricted funds
2023
3,501
206,647
2,300 800
210,148
800
209,348
209,348
209,348

The financial statements were approved by the Board of Trustees and authorised for issue on 29 January 2024 and were signed on its behalf by:

Mrs H Ireland - Trustee

Page 5