ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2017

OLD WOKING AND DISTRICT COMMUNITY CENTRE TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2017

OLD WOKING AND DISTRICT COMMUNITY CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs L Morales Mrs P Goring Mrs C Grant Mrs D Paterson Mr H Marsen Mr N Johns Ms T Nunn Mr W Forster

Charity number 1164738

OLD WOKING AND DISTRICT COMMUNITY CENTRE

CONTENTS

Page

Trustees' report 1

Independent examiner's report 2

Statement of financial activities 3

Balance sheet 4

Notes to the accounts 5 - 7

OLD WOKING AND DISTRICT COMMUNITY CENTRE

TRUSTEES' REPORT  FOR THE YEAR ENDED 31 DECEMBER 2017

- 1 -

The trustees present their report and accounts for the year ended 31 December 2017.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's [governing document], the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Structure, governance and management The charity was established by a charitable trust deed on  01.10.15

The trustees who served during the year were: Mrs L Morales Mrs P Goring Mrs C Grant Mrs D Paterson Mr H Marsen Mr N Johns Ms T Nunn Mr W Forster

The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Objectives and activities The charity's objects are  to further or benefit the residents of Hoe Valley Ward of Woking Borough Council and the neighbourhood, in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance Financial review Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

On behalf of the board of trustees

Mrs L Morales Trustee Dated: 23 March 2018

OLD WOKING AND DISTRICT COMMUNITY CENTRE

INDEPENDENT EXAMINER'S REPORT  TO THE TRUSTEES OF OLD WOKING AND DISTRICT COMMUNITY CENTRE

- 2 -

I report on the accounts of the charity for the year ended 31 December 2017, which are set out on pages 3 to 7.

Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to: (i) examine the accounts under section 145 of the 2011 Act; (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and (iii) to state whether particular matters have come to my attention.

Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement In connection with my examination, no matter has come to my attention: (a) which gives me reasonable cause to believe that in any material respect the requirements: (i) to keep accounting records in accordance with section 130 of the 2011 Act; and (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act; have not been met; or (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

CIMA

Dated: 23 March 2018

OLD WOKING AND DISTRICT COMMUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES  INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2017

- 3 -

2017 2016 Notes £ £

Incoming resources from generated funds Donations and legacies 2 173 100 Incoming resources from charitable activities 3 75,160 60,335

Total incoming resources 75,333 60,435

Resources expended Charitable activities Community Centre 6,254 60,428

Governance costs 83,050 2,854

Total resources expended 89,304 63,282

Net expenditure for the year/ Net movement in funds (13,971) (2,847)

Fund balances at 1 January 2017 177,982 -

Fund balances at 31 December 2017 164,011 (2,847)

OLD WOKING AND DISTRICT COMMUNITY CENTRE

BALANCE SHEET  AS AT 31 DECEMBER 2017

- 4 -

2017 2016 Notes £ £ £ £

Fixed assets Tangible assets 6 128,760 -

Current assets Debtors 7 1 - Cash at bank and in hand 36,378 -

36,379 -

Creditors: amounts falling due within one year 8 (1,128) (2,847)

Net current assets/(liabilities) 35,251 (2,847)

Total assets less current liabilities 164,011 (2,847)

Income funds

Unrestricted funds 164,011 (2,847)

164,011 (2,847)

The accounts were approved by the Trustees on .........................

.............................. Mrs L Morales Trustee

OLD WOKING AND DISTRICT COMMUNITY CENTRE

NOTES TO THE ACCOUNTS  FOR THE YEAR ENDED 31 DECEMBER 2017

- 5 -

1 Accounting policies

1.1 Basis of preparation The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Charities Act 2011.

1.2 Tangible fixed assets and depreciation Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

2 Donations and legacies

2017 2016 £ £

Donations and gifts 173 100

3 Incoming resources from charitable activities

2017 2016 £ £

Sale lettings 51,120 50,190 Lottery grant - 7,965 Other grant 24,040 2,180

75,160 60,335

4 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year .

OLD WOKING AND DISTRICT COMMUNITY CENTRE

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2017

- 6 -

5 Employees

There were no employees during the year whose annual remuneration was £60,000 or more.

Employment costs 2017 2016 £ £

Social security costs 66 - Other pension costs 221 -

287 -

6 Tangible fixed assets

Land and buildings

Fixtures, fittings & equipment

Total

£ £ £

Cost At 1 January 2017 - - - Additions 125,284 4,635 129,919

At 31 December 2017 125,284 4,635 129,919

Depreciation At 1 January 2017 - - - Charge for the year - 1,159 1,159

At  31 December 2017 - 1,159 1,159

Net book value At 31 December 2017 125,284 3,476 128,760

7 Debtors 2017 2016 £ £

Other debtors 1 -

OLD WOKING AND DISTRICT COMMUNITY CENTRE

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2017

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We are located at:

Old Woking Community Centre, Sundridge Road

Woking

GU22 9AT

Contact us today:

If you have any queries or wish to book a room or hall, please contact us:

01483 763974

EMAIL 
info@oldwokingcommunitycentre.co.uk

 

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