for the Period Ended 31 March 2023
Directors report | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2023
Principal activities of the company
Additional information
Development, Activities and Achievements this YearThe legacy of the pandemic, the significant increase in the cost of living and the impact of financial restraint on services across the county mean that it has been another challenging year for SMCA. The Board of Directors has monitored the situation closely enabling SMCA to respond quickly to changing circumstances. We have continued to deliver a varied and welcome programme of activities for community centre users throughout the year. Footfall is still down or pre-pandemic levels but has built up over the year. We welcomed back several groups and re-introduced some popular activities as community centre users have grown in confidence.At the end of November 2022, we conducted a wide consultation exercise within the community inviting people to contribute their ideas for what they would like to see as part of the offering at the community centre. The feedback from this exercise and from other events is being factored into our planning for future years.We have taken steps to increase our access to new income streams. In September 2022, as part of our long-term strategy, SMCA appointed a Grants and Operations Manager to spearhead a more strategic and focused approach to securing funding opportunities and managing our operations. We have also developed a fundraising strategy aligning income opportunities with delivery ideas and priorities. In this way we have been able to develop our reach in terms of new projects and activities. We have been successful in securing vital funds to support new initiatives, including funding to support a programme of improvements to the premises.The income stream from hire charges has been an important facet of SMCA’s operating model in recent years. Following a root and branch review of the level of hire charges to be paid by groups and individuals hiring SMCA’s accommodation, and in line with the policy agreed by the Board, new rates were introduced from 1 June 2022. The review has resulted in a more structured and consistent approach to charging.During the year SMCA has continued to build on the organisational and cultural change begun in 2020. We have continued to review, refresh, and develop in-house policies. The board believes that a process of on-going review, taking account of changing circumstances and demands will help to support a more sustainable future for SMCA in its delivery of high levels of customer service.The Trustees consider that the performance of the Charity this year has been satisfactory in challenging circumstances. Future DevelopmentsWe must be realistic about the financial climate and the challenges we will continue to face. Individuals’ and organisational budgets continue to be stretched. Against a background of reduced local authority and statutory funding we will continue to work to identify and access other income streams to support our activities. We will continue to improve our infrastructure to streamline our work making it more efficient and effective. In this way we aim to achieve a better balance between activities and services provided directly by SMCA and to reduce our reliance on income from room hire.During the year we worked towards converting from being a Company Limited by Guarantee to that of a Charitable Incorporated Organisation (CIO) with a new constitution based on the Charity Commission’s model. The CIO is a legal form for a charity created in response to requests from charities for a practical and effective incorporated vehicle which provides some of the benefits of being a company but without some of the burdens. It provides registered charities with a more attractive legal framework that is regulated purely by the Charity Commission. As such it is much more suited to SMCA’s needs as a small charity with limited resources.
Directors
The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023
The director shown below has held office during the period of
1 April 2022 to 9 May 2022
The director shown below has held office during the period of
1 April 2022 to 8 May 2022
The director shown below has held office during the period of
20 February 2023 to 31 March 2023
Secretary
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
As at
Notes | 2023 | 2022 | |
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| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2023
Basis of measurement and preparation
for the Period Ended 31 March 2023
2023 | 2022 | |
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Average number of employees during the period | | |
for the Period Ended 31 March 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2022 | | | ||||
Additions | ||||||
Disposals | ( | ( | ||||
Revaluations | ||||||
Transfers | ||||||
At 31 March 2023 | | | ||||
Depreciation | ||||||
At 1 April 2022 | ||||||
Charge for year | ||||||
On disposals | ||||||
Other adjustments | ||||||
At 31 March 2023 | ||||||
Net book value | ||||||
At 31 March 2023 | | | ||||
At 31 March 2022 | | |
for the Period Ended 31 March 2023
2023 | 2022 | |
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£ | £ | |
Trade debtors | | |
Total | | |
for the Period Ended 31 March 2023
2023 | 2022 | |
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£ | £ | |
Trade creditors | | |
Total | | |