The Bonnington Centre Community Association

Tangible assets

101,000 

101,000 

Cash at bank and in hand

46,409 

39,846 

(2,998)

(3,525)

Profit and loss account

144,411 

137,321 

For the year ending 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

Approved by the board on 1 September 2016

Marcus Lance Hill Director Company Registration No. 3252048

Since completion of the initial building renovation and improvements some years ago, the centre has become a fully functional resource facilitating many recreational, educational and community activities. This financial year a total of £6677 was spent on repair and maintenance to the centre and cafe. This included repairs to the roof costing a total of £5856 (parts & labour). Following on from the refurbishment of the café outside loo in 2013, further work still needs to be undertaken, as soon as financially feasible, to level the café yard so as to comply with health and safety regulations before full use of this ground floor toilet can be made. Other small scale repairs and maintenance continue to be undertaken to maintain the up keep of the building. Work continues to be done to comply with current health and safety requirements and fire risk assessments continue to be undergone. The BCCA is committed to providing entertainment for the local community. Consequently at the beginning of 2015, £304 was paid out to cover the costs of the 2014 Xmas party for centre volunteers and local people. In addition £1407 was spent on providing free entertainment for the community including monthly music club nights, fortnightly film nights, occasional outside piazza events and the 2015 Bonnington Square Festival. £509 of the £1407 was spent on musical equipment for the festival (and other events) and a total of £807 was raised to help pay for the Festival. The Centre also provided open space for an art exhibition on the weekend of October 3rd 2015 for local artists to display their work. To safeguard these activities £1154 was spent on building and basic public liability insurance for the Bonnington Centre and an additional £137 was spent on insurance for the festival itself. £2212 was spent on cleaning, £5658 on administration, £1759 on heating, lighting and water and £708 on phone & internet costs. Other smaller expenditure details are shown in the accounts together with the income and resulting profit from the hire of the rooms. We continue working towards employing a development worker, enlisting volunteers, developing funding projects and applying for registration with the Charities Commission. The Centre remains affiliated to the charity LVAC (Lambeth Voluntary Action Council). Full details of the Association's incoming and outgoing resources are given in the Statement of Financial Activities. The accounts show the current state of the finances to be reasonably stable mainly due to increased use of the centre but considerable money has been spent on roof repairs this year and maintenance costs are expected to continue to rise next year too. There is still a real need to seek further funding to facilitate a much needed refurbishment program for the building. It has been decided to use The Co-op bank account to hold money obtained from any further fundraising initiatives. In addition this account was also used to broker the 2015 Bonnington Festival this year and has also been used to pay for some of the other centre based entertainment events.

The Association has a licence agreement with the Café User Group which is due to be reviewed soon. Other groups and individuals who use the spaces are allocated through a booking system. The centre also allows the café to use the kitchenette in the evenings on a discretionary basis. The centre now has public liability insurance as well as building insurance. No charge is made for the use of rooms for public meetings about local issues.

The Centre is run entirely by volunteers with the exception of a part-time cleaner and part-time booking officer.

Unrestricted Funds £74,021.00 Restricted Funds £70,390.00 Total Funds £144,411.00

At 1 January 2015

101,000 

At 31 December 2015

At 31 December 2015

At 31 December 2015

At 31 December 2014

The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.