Greenleys Community Centre - Charities report - 19.2
Greenleys Community Centre - Charities report - 19.2
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
GREENLEYS COMMUNITY CENTRE |
(A COMPANY LIMITED BY GUARANTEE) |
REPORT OF THE TRUSTEES AND |
UNAUDITED CESSATION FINANCIAL |
STATEMENTS FOR THE YEAR ENDED |
31 MARCH 2019 |
GREENLEYS COMMUNITY CENTRE |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
Page |
Report of the Trustees | 1 to 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 to 6 |
Notes to the Financial Statements | 7 to 10 |
GREENLEYS COMMUNITY CENTRE |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2019 |
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 2019. 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 2015). |
OBJECTIVES AND ACTIVITIES |
The objectives of the Charity are:- |
a) To provide facilities for the recreation with the object of improving the conditions of life and social welfare of |
the inhabitants of Greenleys and its environs ("the area of benefit"). |
b) To advance education for those living in the area of benefit. |
c) To provide a community centre for the benefit of those living in the area of benefit. |
The trustees have had regard to the guidance issued by the Charity Commission on public benefit and the |
centre was available for hire by the local community. |
Achievements and Performance |
Funding was completely withdrawn by Milton Keynes Council during this year, which meant the charity was |
going to be unable to continue to meet the running costs of the centre. Bearing this in mind the trustees took |
the decision close the centre before they got into a situation where they could not pay their outstanding |
liabilities. |
Financial Review |
The Statement of Financial Activities is on page 4 of the accounts. |
Due to the withdrawal of funding, the trustees took the decision to close the Centre. |
All outstanding monies were collected and all liabilities paid. |
There was a small surplus of £192 left in the bank and this has been donated to |
the pre-school play group who were the main users of the centre. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
The company was incorporated on 26 September 1996 as a private company limited by guarantee, with the |
liability of each member limited to £1. Itis governed by a Memorandum and Articles of Association. It is also |
registered with the Charity Commission. |
The directors are elected by a majority vote of members present at the Annual General Meeting.The directors |
of the charitable company are its trustees for the purpose of Charity Law and throughout this report are |
collectively referred to as " the trustees." |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
GREENLEYS COMMUNITY CENTRE |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2019 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Trustees |
Manager |
General Clerical |
Independent examiner |
Thompson Balch Limited |
Chartered Accountants |
15 Towcester Road |
Old Stratford |
Milton Keynes |
MK19 6AN |
CESSATION OF TRADING |
The charitable company ceased activities on 31 March 2019. |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act |
2006 relating to small companies. |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
GREENLEYS COMMUNITY CENTRE |
Independent examiner's report to the trustees of Greenleys Community Centre ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended |
31 March 2019. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are |
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act |
2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the |
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's |
accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my |
examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the |
2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the |
examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. |
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 |
Denise Balch |
ACA |
Thompson Balch Limited |
Chartered Accountants |
Sovereign House |
15 Towcester Road |
Old Stratford |
Milton Keynes |
MK19 6AN |
12 November 2019 |
GREENLEYS COMMUNITY CENTRE |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 31 MARCH 2019 |
2019 | 2018 |
Unrestricted funds |
Restricted fund |
Total funds |
Total funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 19,093 |
GREENLEYS COMMUNITY CENTRE |
BALANCE SHEET |
AT 31 MARCH 2019 |
2019 | 2018 |
Unrestricted funds |
Restricted fund |
Total funds |
Total funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 9 |
Unrestricted funds | - | 19,093 |
Restricted funds | - |
TOTAL FUNDS | 19,093 |
GREENLEYS COMMUNITY CENTRE |
BALANCE SHEET - CONTINUED |
AT 31 MARCH 2019 |
The charitable company is entitled to exemption from audit under |
Section 477 of the Companies Act 2006 for the year ended 31 March 2019. |
The members have not required the company to obtain an audit of its financial statements for the year ended |
31 March 2019 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
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 on |
GREENLEYS COMMUNITY CENTRE |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
1. | 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) '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 2015)', 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 income is recognised in the Statement of Financial Activities once the charity has entitlement to the |
funds, 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 fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated |
useful life. |
Improvements to property |
Plant and machinery |
Computer equipment |
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 purposes within 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. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the |
charitable company's pension scheme are charged to the Statement of Financial Activities in the |
period to which they relate. |
GREENLEYS COMMUNITY CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
FOR THE YEAR ENDED 31 MARCH 2019 |
2. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2019 | 2018 |
£ | £ |
Depreciation - owned assets |
independent examiner's fees for reporting on the accounts | 660 | 600 |
Other accountancy fees | 360 | 360 |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2019 nor for the |
year ended 31 March 2018. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2019 nor for the year ended |
31 March 2018. |
4. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2019 | 2018 |
Caretaker | 1 | 1 |
No employees received emoluments in excess of £60,000. |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted funds |
Restricted fund |
Total funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
GREENLEYS COMMUNITY CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
FOR THE YEAR ENDED 31 MARCH 2019 |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted funds |
Restricted fund |
Total funds |
£ | £ | £ |
RECONCILIATION OF FUNDS |
Total funds brought forward | 25,106 | - | 25,106 |
TOTAL FUNDS CARRIED FORWARD | 19,093 | - | 19,093 |
6. | TANGIBLE FIXED ASSETS |
Improvements to property |
Plant and machinery |
Computer equipment |
Totals |
£ | £ | £ | £ |
COST |
At 1 April 2018 and 31 March 2019 |
DEPRECIATION |
At 1 April 2018 |
Charge for year |
At 31 March 2019 |
NET BOOK VALUE |
At 31 March 2019 |
At 31 March 2018 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
PAYE control | 211 | 109 |
Other creditors |
Pension control | 172 | 12 |
Wages control | 5,601 | - |
Accruals and deferred income |
GREENLEYS COMMUNITY CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
FOR THE YEAR ENDED 31 MARCH 2019 |
9. | MOVEMENT IN FUNDS |
At 1/4/18 |
Net movement in funds |
At 31/3/19 |
£ | £ | £ |
Unrestricted funds |
General Funds | 19,093 | (19,093 | ) | - |
TOTAL FUNDS | (19,093 | ) | - |
Net movement in funds, included in the above are as follows: |
Incoming resources |
Resources expended |
Movement in funds |
£ | £ | £ |
Unrestricted funds |
General Funds | 16,156 | (35,249 | ) | (19,093 | ) |
TOTAL FUNDS | ( |
) | (19,093 | ) |
Comparatives for movement in funds |
At 1/4/17 |
Net movement in funds |
At 31/3/18 |
£ | £ | £ |
Unrestricted Funds |
General Funds | 25,106 | (6,013 | ) | 19,093 |
TOTAL FUNDS | 25,106 | (6,013 | ) | 19,093 |
Comparative net movement in funds, included in the above are as follows: |
Incoming resources |
Resources expended |
Movement in funds |
£ | £ | £ |
Unrestricted funds |
General Funds | 16,511 | (22,524 | ) | (6,013 | ) |
Restricted funds |
General Funds | 9,577 | (9,577 | ) | - |
TOTAL FUNDS | 26,088 | (32,101 | ) | (6,013 | ) |
10. | RELATED PARTY DISCLOSURES |
There were no related party transactions for the year ended 31 March 2019. |