Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
Company registration number: 02546501 Charity number: 1000762
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024
THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
## CONTENTS
||Page|
|---|---|
|**Reference and administrative details of the Company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7 - 8|
|**Notes to the financial statements**|9 - 15|
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024
|**Trustees**|S Johnson, Chair|
|---|---|
||R Case, Treasurer|
||S T E McQueen, Vice Chair|
||J A Thomas, Grants Committee Chair|
||R J Stewart|
||M K Phoenix|
||C L Carroll (appointed 4 May 2023)|
||A B Clarkson (appointed 4 May 2023)|
||J D Greenall (appointed 4 May 2023)|
||S N Houston (appointed 4 May 2023)|
||A Bruce (appointed 4 May 2023)|
|**Company registered**
**number**
02546501
**Charity registered number**
1000762
**Registered office**
Stewart House
Primett Road
Stevenage
SG1 3EE
**Company secretary**
S Johnson
**Accountants**
Menzies LLP
Chartered Accountants
Richmond House
Walkern Road
Stevenage
Herts
SG1 3QP
**Independent Examiner**
J Fox
Menzies LLP
Richmond House
Walkern Road
Stevenage
SG1 3QP||
Page 1
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
## TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial statements of the Company for the year 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
Stevenage Community Trust is a local charity making a very real difference to the everyday lives of local people in need.
Stevenage Community Trust was established in 1990 to raise money in order to provide funding and support to charitable organisations, community groups, and people in need of support in Stevenage and the surrounding villages. This is a both short-term and long-term objective. The Trust has an investment fund equivalent to approximately three years' income and expenditure in an endeavour to substantially meet the costs of running the charity and to ensure that monies raised each year are used to support its charitable activities and are used in this way into the long-term future.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
The Trustees believe that the charity's activities provide a public benefit by ensuring grants are allocated to alleviate hardship, as well as to support and extend charitable and community activities locally. Anyone who resides in our defined area of Stevenage and the surrounding villages has the potential to benefit from the work of The Stevenage Community Trust through our grant giving.
## **b. Strategies for achieving objectives**
The Stevenage Community Trust is an independent charitable trust which, in the 34 years since its formation, has distributed in excess of £2 million to enhance the quality of life of people living in the Borough of Stevenage and its surrounding villages. The Trust does this by donations and grant giving to local charities, local community groups, and individuals and families in crisis. Donations to individuals and families are always made after a referral from a local organisation. The Trust raises money from local businesses and generous individuals, both through our membership schemes and through fundraising events.
Volunteers are very significant in the fundraising activities of the Trust. The operating model of the Trust entails local organisations and people organising fund raising events for the Trust, by which the Trust raises very significant sums of money. This not only achieves significant receipts for the Trust but also enhances links between the Trust, its members, and other local organisations.
Page 2
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
## **Objectives and activities (continued)**
## **c. Activities undertaken to achieve objectives**
The Trust had an exceptionally busy year in terms of fund-raising, holding multiple events and raising a total of over £83,000. It also received over £14,000 of one-off grants. This pushed Total Income to a record level of £174,675. The Trustees are focused on maximising the expenditure on charitable activities rather than administration and are pleased to report that the costs of charitable activities (£150,254) represented 86% of this income.
The Trust has material financial investments that represent an "endowment" reserve fund that is designed to cover substantially all the Trust's running costs in the medium term. It has a finance and management committee including persons skilled in the management of finances, with significant banking, insurance and investment expertise and experience. It has appointed management advisors to advise it on its investment performance. These investment consultants report quarterly to the Trust so that the performance of the Trust's investments can be measured against objectives.
In the year the reserve fund provided income of £13,619 and the investment portfolio showed net gains of £36,558.
## **d. Main activities undertaken to further the Company's purposes for the public benefit**
The main achievement of the Trust in the year in question is the giving of approximately £98,000 by way of grants to organisations and people in Stevenage, for the good of Stevenage, the surrounding villages, and their respective communities. These grants included £35,500 by way of Christmas Gift Cards to support local families who are struggling financially, £30,000 to Community Groups and local organisations, £7,000 to older people and organisations that support them, £16,500 to make heating grants to local families in need of support, and £9,000 in individual hardship grants to those most in need (these hardship grants averaged £285 each).
A full list of grants awarded and community projects supported is available on request from the Trust office.
Each year the Trust sets targets for its charitable activities generally, which are specifically making grants, and measures its activities against those objectives set out in its targets. In the coming year, its 35th year of operation, it has set an ambitious target of awarding £100,000 and the Trustees are confident that this will be achieved.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company 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 the accounting policies.
## **b. Reserves policy**
The Trustees have established a policy to create a balance of investments funds that secures grant giving in perpetuity. The Trustees aim to have a fund of approximately for this purpose£500,000 which should be sufficient to secure the Trust for the foreseeable future.
Page 3
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
## **Structure, governance and management**
## **a. Constitution**
The Stevenage Community Trust is registered as a charitable company limited by guarantee and was set up by a Trust deed.
## **b. Methods of appointment or election of Trustees**
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report 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. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**S Johnson** (Chair of Trustees) Date: 20-Dec-2024
Page 4
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
## INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
## **Independent examiner's report to the Trustees of The Stevenage Community Trust ('the Company')**
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the Trustees of the Company (and 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 the Company's accounts 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.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Signed:
Dated: 20-Dec-2024
J Fox
Richmond House Walkern Road Stevenage SG1 3QP
Page 5
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
## STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net expenditure before net**
**gains/(losses) on investments**
Net gains/(losses) on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2024**
**£**
**10,000**
**-**
**10,000**
**-**
**10,000**
**10,000**
**-**
**-**
**-**
**-**
**-**
**-**|**Unrestricted**
**funds**
**2024**
**£**
**67,474**
**97,201**
**164,675**
**30,350**
**140,254**
**170,604**
**(5,929)**
**36,558**
**30,629**
**581,289**
**30,629**
**611,918**|**Total**
**funds**
**2024**
**£**
**77,474**
**97,201**
**174,675**
**30,350**
**150,254**
**180,604**
**(5,929)**
**36,558**
**30,629**
**581,289**
**30,629**
**611,918**|_Total_
_funds_
_2023_
_£_
_62,852_
_71,266_
_134,118_
_19,286_
_134,396_
_153,682_
_(19,564)_
_(30,854)_
_(50,418)_
_631,707_
_(50,418)_
_581,289_|
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 15 form part of these financial statements.
Page 6
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee) REGISTERED NUMBER: 02546501
## BALANCE SHEET AS AT 31 MARCH 2024
|**Note**
**Fixed assets**
Investments
10
**Current assets**
Cash at bank and in hand
Creditors: amounts falling due within one year
11
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
12
Unrestricted funds
12
**Total funds**|**60,772**
**60,772**
**(5,438)**|**2024**
**£**
**556,584**
**556,584**
**55,334**
**611,918**
**611,918**
**-**
**611,918**
**611,918**|_55,807_
_55,807_
_(1,385)_|_2023_
_£_
_526,867_|
|---|---|---|---|---|
|||||_526,867_
_54,422_|
|||||_581,289_|
|||||_581,289_|
|||||_-_
_581,289_|
|||||_581,289_|
Page 7
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST
## (A company limited by guarantee) REGISTERED NUMBER: 02546501
## BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **S Johnson**
(Chair of Trustees)
> Date: 20-Dec-2024
The notes on pages 9 to 15 form part of these financial statements.
Page 8
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **1. General information**
Stevenage Community Trust is a private company limited by guarantee, registered in England and Wales, as well as being a registered charity within the same jurisdiction. The charity's registered numbers and office address can be found within the reference and administration details on page 1.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Stevenage Community Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Page 9
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **2. Accounting policies (continued)**
## **2.3 Expenditure (continued)**
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.4 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Investments held as fixed assets are shown at cost less provision for impairment.
## **2.5 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.6 Financial instruments**
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.7 Pensions**
## **2.8 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 10
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **3. Income from donations and legacies**
|Donations
Membership income
Grants
_Total 2023_|**Restricted**
**funds**
**2024**
**£**
-
-
10,000
10,000
_-_|**Unrestricted**
**funds**
**2024**
**£**
40,460
22,285
4,729
67,474
_62,852_|**Total**
**funds**
**2024**
**£**
**40,460**
**22,285**
**14,729**
**77,474**
_62,852_|_Total_
_funds_
_2023_
_£_
_38,838_
_24,014_
_-_
_62,852_|
|---|---|---|---|---|
||||||
## **4. Income from charitable activities**
|Fund raising
Investment income
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
83,582
13,619
97,201
_71,266_|**Total**
**funds**
**2024**
**£**
**83,582**
**13,619**
**97,201**
_71,266_|_Total_
_funds_
_2023_
_£_
_57,556_
_13,710_
_71,266_|
|---|---|---|---|
|||||
Page 11
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **5. Analysis of expenditure by activities**
|**Activities**
**undertaken**
**directly**
**2024**
**Support**
**costs**
**2024**
**£**
**£**
Wages
-
39,528
Pensions
-
2,713
Insurance
-
763
Postage and stationary
-
763
Sundries
-
146
Investment management fees
-
4,460
Legal and professional fees
-
1,369
Accountancy fees
-
2,500
Grants and donations
98,012
-
98,012
52,242
_Total 2023_
_97,926_
_36,470_
**Independent examiner's remuneration**
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts|**Total**
**funds**
**2024**
**£**
**39,528**
**2,713**
**763**
**763**
**146**
**4,460**
**1,369**
**2,500**
**98,012**
**150,254**
_134,396_
**2024**
**£**
**2,500**|_Total_
_funds_
_2023_
_£_
_28,256_
_1,726_
_750_
_717_
_(518)_
_4,463_
_1,027_
_49_
_97,926_
_134,396_|
|---|---|---|
|||_2023_
_£_
_-_|
## **6. Independent examiner's remuneration**
In previous years Menzies LLP Chartered Accountants provided audit and accounts service free of charge.
## **7. Staff costs**
|Wages and salaries
Contribution to defined contribution pension schemes|**2024**
**£**
**39,528**
**2,713**
**42,241**|_2023_
_£_
_28,256_
_1,726_|
|---|---|---|
|||_29,982_|
Page 12
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **7. Staff costs (continued)**
The average number of persons employed by the Company during the year was as follows:
||**2024**|_2023_|
|---|---|---|
||**No.**|_No._|
|Employees|**1**|_1_|
No employee received remuneration amounting to more than £60,000 in either year.
**8. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ . During the year ended 31 March 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ .
## **9. Tangible fixed assets**
|At 1 April 2023
Disposals
At 31 March 2024
At 1 April 2023
On disposals
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_|**Fixtures and**
**fittings**
**£**
**1,001**
**(1,001)**|
|---|---|
||**-**|
||**1,001**
**(1,001)**|
||**-**|
||**-**|
||_-_|
Page 13
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **10. Fixed asset investments**
|**Equity**
**£**
**Market Value**
At 1 April 2023
**499,879**
Additions
**50,836**
Disposals
**(41,159)**
Revaluations
**37,541**
Investment managers fees
**-**
Movement
**-**
At 31 March 2024
**547,097**
**Net book value**
At 31 March 2024
**547,097**
_At 31 March 2023_
_499,879_
The listed investments are dealt with on a recognised stock exchange and are split
Fixed interest
UK Equities
Overseas Equities
Cash
Total|**Capital**
**account**
**£**
**26,989**
**(50,836)**
**41,159**
**-**
**(4,460)**
**(3,365)**
**9,487**
**9,487**
_26,989_
as follows:
**2024**
55,267
395,721
96,109
9,487
**556,584**
|**Total**
**£**
**526,868**
**-**
**-**
**37,541**
**(4,460)**
**(3,365)**
**556,584**|
|---|---|---|
|||**556,584**
_526,868_|
|||2023
47,026
371,811
81,042
26,989
**526,868**|
## **11. Creditors: Amounts falling due within one year**
|Other taxation and social security
Accruals and deferred income|**2024**
**£**
**404**
**5,034**
**5,438**|_2023_
_£_
_613_
_772_
_1,385_|
|---|---|---|
Page 14
Docusign Envelope ID: 8B5DF135-EEB4-4284-A413-531C6A7BC458
## THE STEVENAGE COMMUNITY TRUST (A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **12. Statement of funds**
**Statement of funds - current year**
|**Unrestricted funds**
Reserves
**Restricted funds**
HertfordshireCommunity
Foundation
**Total of funds**
**Statement of funds - prior year**
**Unrestricted funds**
Reserves|**Balance at 1**
**April 2023**
**£**
**581,289**
**-**
**581,289**
_Balance at_
_1 April 2022_
_£_
_631,707_|**Income**
**£**
**164,675**
**10,000**
**174,675**
_Income_
_£_
_134,118_|**Expenditure**
**£**
**(170,604)**
**(10,000)**
**(180,604)**
_Expenditure_
_£_
_(153,682)_|**Gains/**
**(Losses)**
**£**
**36,558**
**-**
**36,558**
_Gains/_
_(Losses)_
_£_
_(30,854)_|**Balance at 31**
**March 2024**
**£**
**611,918**|
|---|---|---|---|---|---|
||||||**-**|
||||||**611,918**|
||||||_Balance at_
_31 March_
_2023_
_£_
_581,289_|
## **13. Related party transactions**
The charity benefits from rent free premises at Stewart house, in Stevenage. A trustee has a beneficial interest in the property.
Page 15