REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Reference and Administrative Details | 1 |
Report of the Trustees | 2 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 15 |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
REFERENCE AND ADMINISTRATIVE DETAILS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
TRUSTEES |
COMPANY SECRETARY | Mrs A Burton |
REGISTERED OFFICE |
REGISTERED COMPANY NUMBER |
REGISTERED CHARITY NUMBER |
INDEPENDENT EXAMINER | McCabe Ford Williams |
Chartered Accountants |
Charlton House |
Dour Street |
DOVER |
Kent |
CT16 1BL |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY (REGISTERED NUMBER: 03874727) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
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 December 2023. 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 improve the conditions of life of the inhabitants of St Radigunds ward in Dover without distinction of political, religious or other opinions by the provision of facilities for charitable services, recreation and other leisure time occupation. |
To the furtherance of the charitable work of the charity by the advancement of such other charitable purposes as the Trustees shall from time to time decide. |
Significant activities |
2023 was a year of scaffolding and solicitors as the charity was able to use the land transfer funds received last year for overdue repairs to the roofs, drainage and insulation, and to review and refresh all its leases, licences and land registry. Private hire remained steady reflecting 2022. |
Our highlights for the year were: |
-Installation of a 44kw solar array on the main roof. |
-Replacement of the gas underfloor heating in the main hall with infrared heating panels. |
-Leasing of the 1st floor office space to Chameleon Care Company. |
-Signing an agreement to manage the admin and bookings for Buckland Community Centre. |
-Welcomed 2 new Trustees. |
-Social value contract to clear unused green space for community use delivered by Colas Ltd. |
-Art projects funded externally to deliver a stunning optical illusion and a colourful mural onsite. |
-Corporate reputation now delivering twice the bookings, up to 34% to fund more free activities. |
-A new seniors Youth Club, running fortnightly during term time is introducing them to new experiences and overseen by volunteers. |
Our strategic aims for 2023-24 were as follows: |
-Provide more youth opportunities |
-Deliver skills to the community |
-Support Families into work |
Public benefit |
The Trustees confirm that they have complied with their duty as prescribed in the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. |
FINANCIAL REVIEW |
Financial position |
Charity policy aims to maintain a sufficient level of reserves are in place to ensure the delivery of services. Income for the year £74,641 and expenditure was £226,994 making overall net expenditure for the year of £152,353. |
Total reserves held at 31 December 2023 were £1,214,586 (2022 £1,366,939) of which all of this is unrestricted (2022 £1,359,662 unrestricted and £7,277 restricted). |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY (REGISTERED NUMBER: 03874727) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is a charitable company limited by guarantee and was was set up in November 1999. |
Its updated constitution was adopted in October 2018. |
If the charity is wound up, each member of the is liable to contribute to the assets of the charity such amount (but not more than £1) as may be required for payment of the debts and liabilities of the charity contracted before that person ceases to be a member, for payment of the costs, charges and expenses of winding up, and for adjustment of the rights of the contributing members among themselves. |
Organisational structure |
All the directors of the charity are also trustees of the charity, and there are no other trustees. All of the trustees who served during the period are named under the reference and administrative details. |
There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee. |
The board of trustees has the power to appoint trustees as it sees fit. Every appointed trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. |
In selecting individuals for appointment as appointed charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. |
The charity is organised in such a way that trustees meet regularly in order to manage its affairs whilst day to day |
responsibility is delegated to the centre manager, Susan Jones. |
Decision making |
Any decision may be taken either: at a meeting of the charity trustees; or by resolution in writing or electronic form, agreed by all of the charity trustees, which may comprise either a single document or several documents containing the text of the resolution in like form to each of which one or more charity trustees has signified their agreement. |
Induction and training of new trustees |
The charity trustees will make available to each new charity trustee, on or before their first appointment: |
- a copy of the current version of this constitution; and |
- a copy of the charity's latest Trustees' Annual Report and statement of accounts. |
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. |
The trustees review the risks which the charity faces through its risk register which is reviewed periodically. |
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 |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
Independent examiner's report to the trustees of St. Radigunds Community Centre Company ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. |
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. |
Jonathan Fullarton BSc(Hons) FCA |
McCabe Ford Williams |
Chartered Accountants |
Charlton House |
Dour Street |
DOVER |
Kent |
CT16 1BL |
16 August 2024 |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
31.12.23 | 31.12.22 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 3 |
Charitable activities | 6 |
Other trading activities | 4 |
Investment income | 5 |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
Transfers between funds | 16 | 15,607 | (15,607 | ) | - | - |
Net movement in funds | ( |
) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 1,366,939 |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY (REGISTERED NUMBER: 03874727) |
BALANCE SHEET |
31 DECEMBER 2023 |
31.12.23 | 31.12.22 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 12 |
CURRENT ASSETS |
Stocks | 13 |
Debtors | 14 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 15 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 16 |
Unrestricted funds | 1,359,662 |
Restricted funds | 7,277 |
TOTAL FUNDS | 1,366,939 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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. |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY (REGISTERED NUMBER: 03874727) |
BALANCE SHEET - continued |
31 DECEMBER 2023 |
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 |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
St. Radigunds Community Centre Company, a company limited by guarantee, is an incorporated charity registered in England. The charity's registered numbers, principal address and nature of operations can be found in the Reference and Administrative Details on page 1. |
The financial statements are presented in sterling which is the functional currency of the charity. |
2. | 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 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. |
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. |
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
• | the requirements of Section 7 Statement of Cash Flows. |
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. |
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. |
Income from trading activities includes income earned to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. |
Income from grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. |
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 |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Freehold property 2% Reducing Balance |
Fixtures and fittings 18% Reducing Balance |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
3. | DONATIONS AND LEGACIES |
31.12.23 | 31.12.22 |
£ | £ |
Donations and legacies |
4. | OTHER TRADING ACTIVITIES |
31.12.23 | 31.12.22 |
£ | £ |
Hall hire and other services | 58,571 | 57,581 |
5. | INVESTMENT INCOME |
31.12.23 | 31.12.22 |
£ | £ |
Deposit account interest |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
6. | INCOME FROM CHARITABLE ACTIVITIES |
31.12.23 | 31.12.22 |
Activity | £ | £ |
Grants | Community Centre | 11,934 | 68,564 |
2023 | 2022 |
£ | £ |
Tudor Trust | - | 47,000 |
Youth coordinator grants | - | 11,312 |
Age UK grant | - | 1,000 |
Dover District Council hospitality grant | - | 4,000 |
Dover District Council solar panels grant | - | 2,372 |
Dover District Council other grants | - | 1,880 |
Dover Town Council grants | 592 | 1,000 |
Kent County Council grants | 9,228 | - |
University of East Kent grants | 2,114 | - |
11,934 | 68,564 |
7. | SUPPORT COSTS |
Governance |
Other | costs | Totals |
£ | £ | £ |
Community Centre | 33,783 | - | 33,783 |
Governance costs | - | 1,710 | 1,710 |
33,783 | 1,710 | 35,493 |
8. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.12.23 | 31.12.22 |
£ | £ |
Depreciation - owned assets |
Independent examiner fee | 1,350 | 2,538 |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
9. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. |
10. | STAFF COSTS |
31.12.23 | 31.12.22 |
£ | £ |
Wages and salaries |
Other pension costs |
62,135 | 49,433 |
The average monthly number of employees during the year was as follows: |
31.12.23 | 31.12.22 |
Centre manager | 1 | 1 |
Centre assistants | 2 | 4 |
Centre cleaner | 1 | - |
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 1,378,379 | - |
TOTAL FUNDS CARRIED FORWARD | 1,359,662 | 7,277 | 1,366,939 |
12. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 January 2023 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
13. | STOCKS |
31.12.23 | 31.12.22 |
£ | £ |
Stocks |
14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Other debtors |
15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Other creditors |
16. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.1.23 | in funds | funds | 31.12.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 1,359,662 | (160,683 | ) | 15,607 | 1,214,586 |
Restricted funds |
Youth Coordinator | 4,905 | (240 | ) | (4,665 | ) | - |
Solar panel grant | 2,372 | 8,570 | (10,942 | ) | - |
8,330 | ( |
) |
TOTAL FUNDS | (152,353 | ) | 1,214,586 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 64,300 | (224,983 | ) | (160,683 | ) |
Restricted funds |
Youth Coordinator | 1,771 | (2,011 | ) | (240 | ) |
Solar panel grant | 8,570 | - | 8,570 |
( |
) | 8,330 |
TOTAL FUNDS | ( |
) | (152,353 | ) |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
16. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.1.22 | in funds | 31.12.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 1,378,379 | (18,717 | ) | 1,359,662 |
Restricted funds |
Youth Coordinator | - | 4,905 | 4,905 |
Solar panel grant | - | 2,372 | 2,372 |
- | 7,277 | 7,277 |
TOTAL FUNDS | 1,378,379 | (11,440 | ) | 1,366,939 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 113,525 | (132,242 | ) | (18,717 | ) |
Restricted funds |
Youth Coordinator | 11,312 | (6,407 | ) | 4,905 |
Solar panel grant | 2,372 | - | 2,372 |
13,684 | (6,407 | ) | 7,277 |
TOTAL FUNDS | 127,209 | (138,649 | ) | (11,440 | ) |
Restricted Funds |
The Youth Coordinator grant was to provide for the recruitment and salary of a youth coordinator based at the centre. This position was filled, and the balance of the fund has been released to the general fund. |
The solar panels grant was to help towards the installation of solar panels at the centre in 2023. During the year the charity spent £28,500 on the solar panels and these have been capitalised within fixed assets. The fund has therefore been released to the general fund. |
ST. RADIGUNDS COMMUNITY CENTRE COMPANY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
17. | RELATED PARTY DISCLOSURES |
There were no related party transactions for the year ended 31 December 2023 nor for the year ended 31 December 2022. |