REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
ELY CENTRE-THE |
(A COMPANY LIMITED BY GUARANTEE) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
ELY CENTRE-THE |
(A COMPANY LIMITED BY GUARANTEE) |
ELY CENTRE-THE |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 MARCH 2024 |
Page |
Report of the Trustees | 1 | to | 4 |
Report of the Independent Auditors | 5 | to | 7 |
Statement of Financial Activities | 8 |
Balance Sheet | 9 |
Cash Flow Statement | 10 |
Notes to the Cash Flow Statement | 11 |
Notes to the Financial Statements | 12 | to | 18 |
ELY CENTRE-THE (REGISTERED NUMBER: NI043785) |
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 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
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 formed 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 terrorism on victims, their children and the impact of trans (inter) generational trauma on families effected by the troubles. |
Significant 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 support project and a community befriending network to support isolated and vulnerable victims and survivors. The services have achieved all estimated uptake amongst 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 aims to continue to provide the same level of services to its users and 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 aims to achieve are as follows: |
- | The improved physical and mental health wellbeing. This is achieved through our support programmes including professional counselling, complementary therapies and respite trips. The recipients of these therapies benefit from lower levels of stress 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-community relations. The public benefit is a strong community spirit and the empowerment of victims/survivors. |
- | The easement of financial difficulties. This is achieved through offering skills-based training programmes and support with essential outgoings. Advice and assistance is given in relation to benefits available and securing entitlement to same. |
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 NI 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 trustees. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
ELY CENTRE-THE (REGISTERED NUMBER: NI043785) |
REPORT OF THE TRUSTEES |
for the Year Ended 31 MARCH 2024 |
Trustees |
Company Secretary |
Auditors |
Chartered Accountants and Statutory Auditors |
6 East Bridge Street |
Enniskillen |
Co. Fermanagh |
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 estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
The trustees 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 Companies 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 irregularities. |
In so far as the trustees are aware: |
- | there is no relevant audit information of which the charitable company's auditors are unaware; and |
- | the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. |
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 |
ELY CENTRE-THE (REGISTERED NUMBER: NI043785) |
REPORT OF THE TRUSTEES |
for the Year Ended 31 MARCH 2024 |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
ELY CENTRE-THE |
Opinion |
We have audited the financial statements of Ely Centre-The (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
In our opinion the financial statements: |
- | give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
Conclusions relating to going concern |
In auditing 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 performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. |
Other information |
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. |
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Report of the Trustees has been prepared in accordance with applicable legal requirements. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
ELY CENTRE-THE |
Matters on which we are required to report by exception |
In the light of the knowledge and understanding 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 nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
- | adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of trustees' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
- | the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. |
Responsibilities of trustees |
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as 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 for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. |
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to these risks, 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. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
ELY CENTRE-THE |
We obtain an understanding of the company, the industry it operates in and the legal and regulatory framework that the company operates within. We focus on the provisions of these laws and regulations that have a direct effect on material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Pension, Tax and Health and Safety Legislation, together with provisions of other laws and regulations that do not have a direct effect on the financial statements, 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 management and external legal advisors concerning actual and potential litigation and claims, performing analytical procedures to identify any unusual or unexpected relationships that may indicate the risk of material misstatement due to fraud or other irregularities. Further we reviewed the correspondence with HMRC and other regulatory bodies. |
In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias. Further we evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business. |
There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. |
Use of our report |
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Chartered Accountants and Statutory Auditors |
Enniskillen |
Co. Fermanagh |
BT74 7BT |
ELY CENTRE-THE |
STATEMENT OF FINANCIAL ACTIVITIES |
for the Year Ended 31 MARCH 2024 |
31.3.24 | 31.3.23 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
EXPENDITURE ON |
Charitable activities | 3 |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 13,022 |
ELY CENTRE-THE (REGISTERED NUMBER: NI043785) |
BALANCE SHEET |
31 MARCH 2024 |
31.3.24 | 31.3.23 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 9 |
CURRENT ASSETS |
Debtors | 10 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 11 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS/(LIABILITIES) |
FUNDS | 12 |
Unrestricted funds | 12,922 |
Restricted funds | 100 |
TOTAL FUNDS | 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 |
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 | 1 | 19,494 | 7,037 |
Net cash provided by operating activities | 19,494 | 7,037 |
Change in cash and cash equivalents in the reporting period |
19,494 |
7,037 |
Cash and cash equivalents at the beginning of the reporting period |
51,537 |
44,500 |
Cash and cash equivalents at the end of the reporting period |
71,031 |
51,537 |
ELY CENTRE-THE |
NOTES TO THE CASH FLOW STATEMENT |
for the Year Ended 31 MARCH 2024 |
1. | RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
31.3.24 | 31.3.23 |
£ | £ |
Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) |
(1,582 |
) |
3,790 |
Adjustments for: |
Depreciation charges | 1,020 | 1,276 |
Increase in debtors | (7,143 | ) | (19,146 | ) |
Increase in creditors | 27,199 | 21,117 |
Net cash provided by operations | 19,494 | 7,037 |
2. | 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 |
ELY CENTRE-THE |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 MARCH 2024 |
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 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 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 |
Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated 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 | - 20% 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 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
Pension 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. |
ELY CENTRE-THE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 MARCH 2024 |
1. | ACCOUNTING POLICIES - continued |
Cash and cash equivalents |
Bank overdrafts 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 financial statements. |
Critical accounting estimates and 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 definition, seldom equal the actual related results. |
2. | DONATIONS AND LEGACIES |
31.3.24 | 31.3.23 |
£ | £ |
Donations and contributions for therapies |
Grants |
Grants received, included in the above, are as follows: |
31.3.24 | 31.3.23 |
£ | £ |
Other grants | 766,297 | 653,679 |
3. | CHARITABLE ACTIVITIES COSTS |
Support |
Direct | costs (see |
Costs | note 4) | Totals |
£ | £ | £ |
Miscellaneous Activities | 801,787 | 11,527 | 813,314 |
ELY CENTRE-THE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 MARCH 2024 |
4. | SUPPORT COSTS |
Governance |
Management | costs | Totals |
£ | £ | £ |
Miscellaneous Activities | 1,555 | 9,972 | 11,527 |
5. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.24 | 31.3.23 |
£ | £ |
Auditors' remuneration | 3,400 | 3,400 |
Depreciation - owned assets |
Other operating leases | 39,160 | 20,500 |
6. | 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) |
7. | STAFF COSTS |
31.3.24 | 31.3.23 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
539,999 | 477,332 |
The average monthly number of employees during the year was as follows: |
31.3.24 | 31.3.23 |
Administration |
ELY CENTRE-THE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 MARCH 2024 |
8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) |
Transfers between funds | (5,267 | ) | 5,267 | - |
Net movement in funds | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 14,116 | (4,884 | ) |
TOTAL FUNDS CARRIED FORWARD | 12,924 | 98 | 13,022 |
9. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 April 2023 and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
ELY CENTRE-THE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 MARCH 2024 |
10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Other debtors |
11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors and accruals |
Other creditors |
Deferred grants |
12. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.23 | in funds | 31.3.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 12,922 | (1,582 | ) | 11,340 |
Restricted funds |
Other Restricted | 100 | - | 100 |
TOTAL FUNDS | (1,582 | ) | 11,440 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 67,930 | (69,512 | ) | (1,582 | ) |
Restricted funds |
VSS Grant | 742,095 | (742,095 | ) | - |
Armed Forces Covenant Fund Trust Funding - Modellers |
1,707 |
(1,707 |
) |
- |
( |
) | - |
TOTAL FUNDS | ( |
) | (1,582 | ) |
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 | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 14,116 | 4,073 | (5,267 | ) | 12,922 |
Restricted funds |
Other Restricted | 2,877 | - | (2,777 | ) | 100 |
VSS Grant | (7,761 | ) | (283 | ) | 8,044 | - |
(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 | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 33,227 | (29,154 | ) | 4,073 |
Restricted funds |
VSS Grant | 638,602 | (638,885 | ) | (283 | ) |
Armed Forces Covenant Fund Tust Funding - Onside Project |
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 follows: |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 14,116 | 2,491 | (5,267 | ) | 11,340 |
Restricted funds |
Other Restricted | 2,877 | - | (2,777 | ) | 100 |
VSS Grant | (7,761 | ) | (283 | ) | 8,044 | - |
(4,884 | ) | (283 | ) | 5,267 | 100 |
TOTAL FUNDS | 9,232 | 2,208 | - | 11,440 |
ELY CENTRE-THE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 MARCH 2024 |
12. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 101,157 | (98,666 | ) | 2,491 |
Restricted funds |
VSS Grant | 1,380,697 | (1,380,980 | ) | (283 | ) |
Armed Forces Covenant Fund Tust Funding - Onside Project |
11,228 |
(11,228 |
) |
- |
Armed Forces Covenant Fund Trust Funding - Modellers |
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 fund. 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 |
15. | 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 financial statements. |