PRS Patton Rainey I Stenson Limited CHAR TERED ACCOUNTANTS & riEGISTEFIED AUDITORS REGISTERED COMPANY NUMBIR." N1043785 (Northern Ire12nd} REGISTERED CHARITY NUMBER: 101144 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR ELY CENTRE-THE A COMPANY LIMITED BY GUARANTEE Patton Rainey Stenson Lirnited Chartered Accountants and Statutory Auditors 6 East Bridge Street Enniskilleii Co. FenllanaJo BT74 7BT CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Regist8r8d to carry out audit work and regulated lor a range of inveslm8nl busin8SS activities in the United Kingdom by the Inslilute ol Chartered Accounlanls in Ireland
ELY CENTRE-THE CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2024 Page Report of the Trustees Report of the Independent Auditors Statement of Financial Activities Balance Sheet Cash Flow Statement io Notes to the Cash Flow Statement Notes to the Financial Statements 12 to 18
ELY CENTRE-THE REGISTERED NUMBER: N1043785 REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, 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 l January 2019). OBJECTIVES AND ACTIVITIES Objectives and ailns The Ely Centre is a registered charity that provides support services to civilians. ex security force personnel and their families who have suffered as a result of the troubles. The Ely Centre was fornied by the families of those bereaved and injured in the 1987 Enniskillen Poppy Day bomb. The Ely Centre also aims to advance the education of the wider community on the effects of the troubles and especially the effects of teOrisM on victims. their children and the impact of trans {inter) generational trauma on families effected by the troubles. Signifie2llt activities The charity provides evidenced based treatment. prevention and support services that address issues of declining psychological, physical health, social and financial difficulties Over the past year, from our centres we have delivered funded programmes of Health and Well Being services, Social Support activities, Welfare and Benefits advice, a listening ear and drop in centre. Open daily offering a space for victims and survivors to come together. a family 5UPPOrt project and a community befriending network to support isolated and vulnerable victims and survivors. The services have achieved all estirnated uptake arnongst service users. These services are delivered by Ely Centre staff, outsourced providers and volunteers. These projects are supported financially from multiple funders. The Ely Centre continues to develop an innovative veteran's support programme which addresses veterans, physical and psychological wellbeing through military scale model making workshops and educational outreach programmes. The charity aim5 to continue to provide the same level of services to its users artd grants have been secured to enable this. In April 2023 The Castlehill Foundation reached the decision to merge their services with The Ely Centre. leading to the sustainability of Services within the upper bann area for victims and survivors. All previous funding directed to The Castlehill Foundation is now being directed to The Ely Centre. Public benefit The Trustees seek to ensure that the Public Benefit requirement is considered and The Ely Centre facilitates the support of victims having due regard to the Charities Commission Northern for Ireland guidance on public benefit. The main public benefits which the charity aim5 to achieve are as follows: The improved physical and mental health wellbeing. This is achieved through our support programmes including professional counsellin& completnentary therapies and respite trips. The recipients of these therapies benefit from lower levels of stre55 and anxiety and will also feel less isolated and lonely. The advancement of community development. This is achieved through services and programmes offered within the wider community to promote tolerance and positive cross-cotntnunity relations. The public benefit is a strong community spirit and the empowennent of victimslsurvivors. The easement of financial difficulties. This is achieved through offering skills-based training progrdmmes and support with essential outgoings. Advice and assistance is given in relation to benefits available and securing entitlement to same. Page I
ELY CENTRE-THE REGISTERED NUMBER: NI043785 REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024 FINANCIAL REVIEW Financial position The results for the year ended 31 March 2024 are set out on pages 8 and 9 of the financial statements. Income consists of grants and donations and amounted to £811,732 for the year ended 31 March 2024 (2023 £683,057). After deducting expenditure of £813,314 (2023 £679,267) a deficit of £1.582 arose for the year (2023 surplus £3,790) At 31 March 2024 the total funds of the charity amounted to £11,440 (2023 £13,022). Reserves policy It is the policy of the Charity that reserves that have not been designated for a specific purpose should be maintained at a level equivalent to between 1-2 months expenditure. The Charity considers that reserves at this level will ensure that, in the event of a significant drop in funding. they will be able to continue some activities however this would be on a greatly reduced scale. The Charity aims to achieve these levels of reserves in the following financial years. Going Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in accounting policies. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is registered as a charitable company limited by guarantee and was set up by its Memorandum and Articles of Association. The company is registered with the Charity Commission Nl under charity reference 101144. The management of the charity is led by Lee McDowell. New trustees are nominated for consideration to the Board based on background, interests and experience. New trustees receive an inhouse induction and there is ongoing training for existing trnstees. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1043785 (Northern Ireland) Registered Charity number 101144 Registered office 83 Tempo Road Enniskillen Fernianagh BT74 6LD Page 2
ELY CENTRE-THE REGISTERED NUMBER.. N1043785 REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024 Trustees Mr R E Crawford Mr W J Dixon Mrs A Dixon (resigned 18.4.23) Mr A Coulter Mrs E Lappin Mrs R Barton Mr J Mullan Mrs M Black Mr A G Mccrum Ms V Craig (appointed 1.4.23) Mr N Gracey (appointed 1.4.23) (resigned 24.9.24) Company Secretary Ms V Craig Auditors Patton Rainey Stenson Limited Chartered Accountants and Statutory Auditors 6 East Bridge Street Enniskillen Co. Fernianagh BT74 7BT STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Ely Centre-The for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company 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 charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP. make judgements and estirnates that are reasonable and prudent- prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the Charitable Cotnpany will continue in business. The trustee5 are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Cornpanies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other iffegularities. In so far as the trustees are aware: there ts no relevant audit infortnation of which the charitable company5 auditors are unaware- and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit inforniation and to establish that the auditors are aware of that infonnation. AUDITORS The auditors, Patton Rainey Stenson Limited. invited for re-appointmnet at the forthcoming Annual General Meeting. Approved by order of the board of trustees on 25 September 2024 and signed on its behalf by-. Page 3
ELY CENTRE-THE REGISTERED NUMBER: N1043785 REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024 Mr R E Crawford - Trustee Page 4
PRS Patton Rainey I Stenson Limited CHAR TERED ACCOUNTANTS & AEGISTERED AUDITORS REPORT OF THE IINDEPEI NDENT AUDITORS TO THE MEMBERS OF ELY CENTRE-THE Opinion We have audited the financial stateinents of Ely Centre-The (the 'chaiitable company,) for the year ended J l March 2024 which comprise che Statement of Financial Aclivities. the Balance Sheet, the Cash Flow Statement and notes to the financial staleTnents, includin4y a summary of Silynificanl accountin policies. The financial reporting framework that has been applied in their preparation is applicable law and United KingdoTn Accounting Standards (United Kingdom Generally Accepted Accountincr Practice). In our opinion the financial statements.. give a true and fair view of the slate of the charitable company's affairs as at 31 March 2024 and of its incoTning resources and application of resources, including ils incoine and expendityre, for the year then ended- have been properly prepared in accordance with United Kinodoin Generally Accepted Accounting Practice. and have been prepared in accordance witli the requtrements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditino (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standai-ds are further described in the Auditors, responsibilities for the audit of the financial statetnents section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevarLt to our audit of the financial staletnents in the UK, includin4J the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitics in accordance wilh these requirements. We believe that the audit evidence we have obtained is suffiLient and appropriate to provide a basis for our opinion. Conclusions relating to goina concern In audttin(r the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfOr[ne we have not identified any material uncertainties relatino to events or conditions that, individually or collectively. Inay cast si<Jnificant doubl on the charitable company's ability to continue as a goino concem for a period of at least twelve months from when the Financial statements are authorised for issue. Our responsibilities and the responsibilities of Ilie trustees with respect to goino concern are described in the relevant sections of this report. Other information The trustees ar¢ responsible for the other information. The other infortnation comprise5 the information included in the Annual Report. other tlian the financial statement5 and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other inforn]ation and, except to the extent othenvise explicitly stated in our report, we do not expre55 any fonn ol assurance conclusion thereon. In connection with our audit of the Financial statements. our responsibility is to read the other information and. in doing so, consid¢r wheiher the other information is materially inconsistent with the financial statements or our Lnowledge obtained in the audit or otherwise appears to be niaterially misstated. If we identify such material inconsistencies or apparent material misstatemenls, we are required to determine whether this gives rise to a tnaterial misstaternenl in the rinancial statements themselves. If, based on the work we have perfonned, we conclude that there is a inaterial niisstatement of this other infonnation. we are required to report that lact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on tlie work undertaken in the course of tlie audit.. the infortnation given in the Repoil of the Trustees For the financial year for wliich the financial statements are prepared is consistent with the financial statetnents. and the Report of the Trustees has been prepared in accordance with applicable legal reqllirements. CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered lo carry out audit work and regulated lor a range of investm8nl business a¢livilies in the United Kingdom by the Insiilule ol Charfered Accouniants in Ireland
PRS Patton Rainey I Stenson Limited CHAR TEFIED ACCOUNTANTS & FIEGISTERED AUDITORS REPORT OF THE INDEPENDEI NT AUDITORS TO THE MEMBERS OF ELY CENTRE-THE Matters on which we are required to report by exception In the liJa t olthe knowledoe and understandino of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothints to report in respect of the followintr matters where the Companies Act 2006 requires us to report to you if, in our opinion-. adequate accountints records have not been kept or retums adequate for our audit have iiot been received fro branches not visited by us- or the [anCIal statements are not in ado eement with the accounting records and retums- or certain disclosures oltrustees, reinuneration specified by law are not made- or we have not received all the infomiation and explanations we require for our audit- or the trustees were not entitled to take advanlatre of the small companies exemption from the requirement to prepare a Strateoic Keport or in preparino the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statetnent of Trustees, Responsibilities, the trustees (who ale also the director5 of the charitable company lor the purposes of company law) are responsible for the preparation of the financial statements and for bein(r satisfied that they give a true and fair view, and for such internal control as the trustees detennine is necessary to enable the preparation of financial statetnents that are free from material misstatement, whether due to fraud or error. In preparing the fmancial statements. the trustees are responsible for assessing the charitable cornpany's abil(ty to coThtinue as a going concern, disclosing, 2s applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Our responsibilities lor the audit of the financial statenients Our objectives are to obtain reasonable assurance about whetlier the fLThancial statements as a whole are free from material misstatement, whether due to fraud or etror. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance 15 a hiuh level of assurance, but is not a tsuarantee that an audit conducted irn accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aogregate, they could reasonably be expected to influence the economic decisions of user5 taken on the basis of these financial statements. A5 part of an audit in accordance with ISAS. we exercise professÈonal judgement and maintain professional 5cepticism throughout the audit. We identÈfy and assess the risks of material misstatement of the financial stalemenls, whether due to fraud or e0[, dcsign and perform audit procedures responsive to these risk5, and obtain audit evidence that Is sufficient and appropriate to provide a basis for our opinion. We obtain an understanding of internal controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances. CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered io carry out audit work and regulated for a range ol investrnent bu51nes5 activities in the United Kingdotn by the Inslilute ol Chartered Accounianls in Ireland
PRS Patton Rainey I Stenson Limited CHARTERED ACCOUNTANTS & REGISTEfiED AUDITORS REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ELY CENTRE-THE We obtain an understandin(r of the company, the industry it operates in and the leoal and recrulatory framework that the con]pany operates within. We focus on the provisions of these laws and recrulations that have a direct eff.ect on material amounts and disclosures in the financial stateTnents. The key laws and regulations we considered in this context included the UK Con?patLies Acl Pension. Tax and Health and Safety Legislation, tOCTether with provisions of other laws and reoulations that do not have a direct effect on the financial statetnents, but compliance with which may be fundamental to the company's ability to operate or avoid a material penalty. We tailored our response to these identified risks to include enquiry of manacrement and extemal letsal advisors concernin(r actual and potential litigation and claims. perforniino analytical procedures to identify any unusual or unexpected relationships that may indicate the risk of material Tnisstatement due to fraud or otlier irregularities. Furtlier we reviewed the correspondence with HMRC and other regulatory bodies. In addressincr the risk of fraud throuoh manacrement oveIde of controls, we tested the appropriateness of journal entri¢s and adjustments. assessed whether the jud<yements made in makino accountints estÈznates are indicative of a potential bias. Further we evaluated the business rationale of any sionificant transactions that are unusual or outside the nonnal course of business. There are inherent litnitations in the audit procedures described above. We are less likely to becotne aware of instances of non-compliance with laws and regulatioiis that are not closely related to events and transactions reflected in tlie rinancial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not deteclino one resulting froTn error. as fraud may involve deliberate corLcealment by, for example, forgery or intentional misrepresentations, or throu(rh collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reportintt Council's website at www.frc.org.utdauditorsresponsibilities. This description fortns part of our Report of the Independent Auditors. Usc of our report This report is made solely lo the charitable cotnpany's meTnbers, as a body, in accordance with Cliapter 3 of Part 16 of the Conipanies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's etnbers those matters we are required lo state to them in an auditors, report and for no other purpose. To the fullest extent pertnitted by law, we do not accept or assume responsibility to anyone other than the charitable cotnpany and the charitable companYs metnbers as a body. for our audit worL for this repoil or for the opinions we have fonned. Williani Kenneth iiainey FCA (Senior Statutory Auditor) for and on behalf of Patton Rainey Stenson Limited Chartered Accountants and Statutory Auditors 6 East Bridge Street Emiiskillen Co. Fernnagh BT74 7BT 25 September 2024 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Regist8r8d to carry out audit work and regulated for a range of investment business activities in the United Kingdom by the Institute of Chartered Accountants in Ireland
ELY CENTRE-THE STATEM1< NT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 67,930 743,802 811.732 683,057 EXPENDITURE ON Charitable activities Miscellaneous Activities 69,512 743,802 813J14 679,267 NET INCOME/(EXPENDITURE) (1,582) (1,582) 3.790 RECONCILIATION OF FUNDS Total ndS brought fonvard 12,922 loo 13,022 9.232 TOTAL FUNDS CARRIED FORWARD 11,340 loo 11,440 13.022 The notes forni part of these financial statements Page 8
ELY CENTRE-THE REGISTERED NUMBER: N1043785 BALANCE SHEET 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted nds Restricted funds Notes FIXED ASSETS Tangible assets 4.082 4,082 5,102 CURRENT ASSETS Debtois Cash at bank and in hand io 1,183 24,137 25,206 46,894 26,389 71,031 19,246 51,537 25,320 72,100 97,420 70,783 CREDITORS Amounts falling due within one year (18,062) (72,000) (90,062) (62.863) NET CURREIYT ASSETS 7,258 loo 7J58 7,920 TOTAL ASSETS LESS CURRENT LIABILITIES 11,340 loo 11,440 13.022 NET ASSETS/(LIABKLITIES) 11,340 loo 11,440 13,022 FUNDS Unrestricted funds Restricted funds 12 IlJ40 loo 12,922 loo TOTAL FUNDS 11,440 13.022 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 25 September 2024 and were signed on its behalf by= Mr R L Crawford - Trustee The notes form part of these financial statements Page 9
ELY CENTRE-THE CASH FLOW STATEMENT for the Year Ended 31 MARCH 2024 31.3.24 31.3.23 Notes Cash flows from operating activities Cash generated from operations 19,494 7,037 Net cash provided by operating activities 19,494 7.037 Change in eash and eash equivalents i the reporting period Cash and cash equivalents at the beginning of the reporting period 19,494 7,037 51,537 44,500 Cash and cash equivalents at the end of the reporting period 71,031 51,537 The notes forni part of these financial statements Page 10
ELY CENTRE-THE NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 MARCH 2024 RECONCILIATION OF NET (EXPENDITURE}/tNCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net (expenditure)lincomc for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Increase in debtors Increase in creditors (1,582) 3.790 1,020 (7,143) 27,199 1,276 (19,146) 21,117 Net cash provided by operations 19,494 7,037 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 51.537 19,494 71,031 51,537 19,494 71,031 Total 51,537 19,494 71,031 The notes fonn part of these financial statements Page 11
ELY CENTRE-THE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'A¢counting 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 l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All itkcotne is recognised in the Statement of Financial Activities once the charity has entitlement to the nds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fjxed assets Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulaied impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. (i) Depreciation and residual values Depreciation is calculated, using the stated method. to allocate the depreciable amount to their residual values over the expected useful economic lives of the assets concerned. The principal annual rates used are as follows: Fixtures and fittings - 200/0 on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purpose5 Wlthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operdting leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Pensjoll Costs and other post-retirement benefits The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. Page 12 continued...
ELY CENTRE-THE NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2024 ACCOUNTING POLICIES - continued Cash and cash equivalents Bank overdraft5 are shown within borrowings in current liabilities. Going Concern At the time of approving the financial statements the trustees have a reasonable expectation that the charity has adequate resources to continue operating for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the fmancial statements. Critical accounting estimates 2nd areas of judgement Estimate and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions- The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by defltiOn, seldom equal the actual related results. DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations and contributions for therapies Grants 45,435 766,297 29,378 653,679 811,732 683,057 Grants received, included in the above, are as follows.. 31.3.24 31.3.23 Other grants 766,297 653,679 CHARITABLE ACTIVITIES COSTS Support costs {see note 4) Direct Costs Totals Miscellaneous Activities 801,787 11,527 813J14 Page 13 continued..-
ELY CENTRE-THE NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2024 SUPPORT COSTS Governance costs Management Totals Miscellaneous Activities 1,555 9,972 11,527 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after chargingl(crediting)= 31.3.24 31.3.23 Auditors, remuneration Depreciation - owned assets Other operating leases 3,400 1,020 39,160 3,400 1,276 20.500 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses Trustee expenses paid during the year were £159.73. (2023.. NIL) STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social security costs Other pension costs 474,867 46,588 18,544 423,716 36,812 16,804 539,999 477,332 The average monthly number of employees during the year was as follows: 31.3.24 23 31.3.23 16 Administration No employees received emoluments in excess of £60,000. Page 14 continued...
ELY CENTRE-THE NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total nds INCOME AND ENDOWMENTS FROM Donations and legacies 33,227 fv19.830 683,057 EXPENDITURE ON Charitable activities Miscellaneous Activities 29.152 650,115 679,267 NET INCOMEI(EXPENDITURE) Transfers between funds 4,075 (5,267) (285) 5,267 3,790 Net movement in funds (1,192) 4,982 3,790 RECONCILIATION OF FUNDS Total funds brought forward 14,116 (4,884) 9.232 TOTAL FUNDS CARRIED FORWARD 12,924 98 13,022 TANGIBLE FIXED ASSETS Fixtures and fittings COST At l April 2023 and 31 March 2024 66,207 DEPRECIATION At l April 2023 Charg¢ for year 61,105 1,020 At 31 March 2024 62.125 NET BOOK VALUE At 31 March 2024 4,082 At 31 March 2023 5,102 Page 15 continued...
ELY CENTRE-THE NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2024 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtors 26,389 19,246 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors and accruals Other creditors Deferred grants 30,147 15,243 44,672 17,874 10,383 34,606 90,062 62,863 12. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds GeneraE fund 12,922 (1,582) 11,340 Restricted funds Other Restricted loo loo TOTAL FUNDS 13,022 (1,582) 11,440 Net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 67,930 (69,512) (1,582) Restricted funds VSS Grant Anned Forces Covenant Fund Trust Funding - ModelleT5 742,095 (742,095) 1,707 (1,707) 743,802 (743,802) TOTAL FUNDS 811,732 (813J14) (1,582) Page 16 continued...
ELY CENTRE-THE NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2024 12. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fvnd 14,116 4,073 (5,267) 12.922 Restricted funds Other Restricted VSS Grant 2,877 (7,761) (2,777) 8,044 100 (283) (4.884) (283) 5,267 100 TOTAL FUNDS 9,232 3.790 13,022 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 33,227 (29.154) 4,073 Restricted funds VSS Grant Anned Forces Covenant Fund Tust Funding - Onside Project 638,602 (638.885) (283) 11.228 (11.228) 649,830 (650,113) (283) TOTAL FUNDS 683,057 (679.267) 3,790 A current year 12 months and prior year 12 months combined position is as follow5- Net movement in fvnds Transfers between funds At 31.3.24 At 1.4.22 Unrestrieted funds General fund 14,116 2,491 (5,267) 11,340 Restricted funds Other Restricted VSS Grant 2,877 (7,761) (2.777) 8.044 100 (283) (4.884) (283) 5,267 100 TOTAL FUNDS 9,232 2,208 11.440 Page 17 continued..-
ELY CENTRE-THE NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2024 12. MOVEMENT IN FUNDS- eontinued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resource5 expended Movetnent in funds Unrestricted funds General fund 101,157 (98,666) 2,491 Restricted funds VSS Grant Anned Forces Covenant Fund Tust Funding- Onside Project Arnied Forces Covenant Fund Trust Funding- Modellers 1,380,697 (1.380,980) (283) 11.228 (11,228) 1,707 (1,707) 1,393,632 (1,393,915) (283) TOTAL FUNDS 1,494,789 (1,492,581) 2,208 13. EMPLOYEE BENEFIT OBLIGATIONS The company operates a defined contribution pension scheme for the benefit of staff. The assets of the scheme are held separately from those of the company in an independently administered nd. The total pension Cost for the company for the year was £18,544 (2023 16,804). There was a liability of £2.556 outstanding at the year end (2023 £2,041). 14. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. 15. GOING CONCERN At the time of approving the financial statements the trustees have a reasonable expectation that the charity has adequat¢ resources to continue operating for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial staternent5. Page18