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2025-03-31-accounts

REGISTERED COMPANY NUMBER: 02546501 (England and Wales) REGISTERED CHARITY NUMBER: 1000762

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Stevenage Community Trust

Braceys Accountants Limited Unit 1 The Cam Centre Wilbury Way Hitchin Hertfordshire SG4 0TW

The Stevenage Community Trust

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 14

The Stevenage Community Trust

Reference and Administrative Details for the Year Ended 31 March 2025

TRUSTEES A C Bruce
C L Carroll
R J Case
A B Clarkson
J D Greenall
S N Houston
S M Johnson (Chair)
S T E Mcqueen
M K Phoenix
R J Stewart
J A Thomas
COMPANY SECRETARY S M Johnson
REGISTERED OFFICE Stewart House
Primett Road
Stevenage
SG1 3EE
REGISTERED COMPANY NUMBER 02546501 (England and Wales)
REGISTERED CHARITY NUMBER 1000762
INDEPENDENT EXAMINER Braceys Accountants Limited
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW
ACCOUNTANTS Braceys Accountants Limited
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW

Page 1

The Stevenage Community Trust

Report of the Trustees for the Year Ended 31 March 2025

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 2025. 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 Aims

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' expenditure in an endeavour to ensure the ability of the trust to meet need over that period and to substantially meet the costs of running the charity, ensuring that monies raised each year are used to support its charitable activities.

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 35 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 vital, both in the fundraising activities of the Trust and in the identification of those in need of grants, both community and individual. The operating model of the Trust entails local organisations and people organising fund raising events for the Trust, by which the Trust raises 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. It also leans heavily on local organisations in identifying organisations, individuals and families that need help.

c. Activities undertaken to achieve objectives

The Trust had another busy year in terms of fund-raising, holding multiple events and raising a total of approximately £65,000. It also received grants and donations of approximately £43,000. Together with investment income, this pushed total income to £159,458. The Trustees are focused on maximising the expenditure on charitable activities rather than administration and are pleased to report that the expenditure on charitable activities (£162,311) represented more than 100% of this income.

The Trust has material financial investments that represent an "endowment" reserve fund that is designed to provide security to the Trust's ability to operate for the next three years at least and to substantially reduce 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 an out-sourced investment manager to advise it on its investment portfolio. 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 £11,381 and the investment portfolio showed net gains of £10,795

Page 2

The Stevenage Community Trust

Report of the Trustees for the Year Ended 31 March 2025

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 £102,634 by way of grants to organisations and people in Stevenage, for the good of Stevenage, the surrounding villages, and their respective communities. This exceeds the target of £100,000 that the Trust announced last year for its 35th year. These grants included £35,500 by way of Christmas Gift Cards to support local families who are struggling financially, £37,280 to Community Groups and local organisations, £20,100 to make heating grants to local families in need of support, and £9,782 in individual hardship grants to those most in need (these hardship grants averaged approximately £200 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 36th year of operation, it has set a target of awarding more than £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.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution

The Stevenage Community Trust is registered as a charitable company limited by guarantee and was set up by a Trust deed.

Recruitment and appointment of new 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 Stevenage Community Trust 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. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

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 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

Page 3

The Stevenage Community Trust

Report of the Trustees for the Year Ended 31 March 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

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.

22/12/2025

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

..............................................................................

S M Johnson - Trustee

Page 4

Independent Examiner's Report to the Trustees of The Stevenage Community Trust

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 2025.

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.

Simon Johnson FCCA The Association of Chartered Certified Accountants

Braceys Accountants Limited Unit 1 The Cam Centre Wilbury Way Hitchin Hertfordshire SG4 0TW

22/12/2025 Date: .............................................

Page 5

The Stevenage Community Trust

Statement of Financial Activities for the Year Ended 31 March 2025

----- Start of picture text -----
2025 2024
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 43,203 - 43,203 77,474
Charitable activities 4
General 89,874 15,000 104,874 83,582
Investment income 3 11,381 - 11,381 13,619
Total 144,458 15,000 159,458 174,675
EXPENDITURE ON
-
Raising funds 21,085 21,085 30,350
Charitable activities 5
Activities Undertaken Directly 98,918 3,716 102,634 98,012
-
Support Costs 59,677 59,677 52,242
Total 179,680 3,716 183,396 180,604
-
Net gains on investments 10,795 10,795 36,558
NET INCOME/(EXPENDITURE) (24,427) 11,284 (13,143) 30,629
RECONCILIATION OF FUNDS
-
Total funds brought forward 611,918 611,918 581,289
TOTAL FUNDS CARRIED FORWARD 587,491 11,284 598,775 611,918
----- End of picture text -----

The notes form part of these financial statements

Page 6

The Stevenage Community Trust

Balance Sheet 31 March 2025

Notes
FIXED ASSETS
Investments
11
CURRENT ASSETS
Debtors
12
Cash at bank		 Unrestricted
Restricted
fund
fund
£
£
556,532
-
4,695
-
34,858
11,284		 2025
2024
Total
Total
funds
funds
£
£
556,532
556,584
4,695
-
46,142
60,772
CREDITORS
Amounts falling due within one year
13		 39,553
11,284
(8,594)
-		 50,837
60,772
(8,594)
(5,438)
NET CURRENT ASSETS 30,959
11,284		 42,243
55,334
TOTAL ASSETS LESS CURRENT LIABILITIES 587,491
11,284		 598,775
611,918
NET ASSETS 587,491
11,284		 598,775
611,918
FUNDS
14
Unrestricted funds
Restricted funds		 587,491
611,918
11,284
-
TOTAL FUNDS 598,775
611,918

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

22/12/2025

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

Shanon Yohuson

.............................................

S M Johnson - Trustee

The notes form part of these financial statements

Page 7

The Stevenage Community Trust Notes to the Financial Statements for the Year Ended 31 March 2025

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, with the exception of investments which are included at market value.

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.

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.

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.

Expenditure on charitable activities is incurred on directly undertaking the activities which further theCompany's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% 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.

continued...

Page 8

The Stevenage Community Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Fund accounting

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.

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.

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.

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. DONATIONS AND LEGACIES

Donations
Grants
Membership Income
INVESTMENT INCOME
Investment Income		 2025
£
18,560
1,285
23,358
43,203
2025
£
11,381		 2024
£
40,460
14,729
22,285
77,474
2024
£
13,619

3. INVESTMENT INCOME

continued...

Page 9

The Stevenage Community Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

4. INCOME FROM CHARITABLE ACTIVITIES

Activity
General Fundraising
General
Funds
General		 2025
£
64,874
40,000
104,874		 2024
£
83,582
-
83,582

5. CHARITABLE ACTIVITIES COSTS

Activities
Support Costs
Total Funds
Total funds
undertaken
2025
2025
2024
directly2025
Wages
-
41,622
41,622
39,528
Pension
-
2,794
2,794
2,713
Insurance
-
752
752
763
Postage and Stationary
-
11
11
763
Sundries
-
936
936
146
Investment Management Fees
-
4,728
4,728
4,460
Legal and Professional Fees
-
1,709
1,709
1,369
Accountancy Fees
-
500
500
2,500
Advertising
-
989
989
-
Bank Fees
-
130
130
-
Rent and Rates
-
5,096
5,096
-
IT Software
-
230
230
-
Travel
-
81
81
-
Telephone
-
99
99
-
Grants and Donations
102,634
-
102,634
98,012
Total 2025
102,634
59,677
162,311
150,254
Total 2024
98,012
52,242
150,254
6.
GRANTS PAYABLE
2025
2024
£
£
Activities Undertaken Directly
102,634
98,012		 Activities
Support Costs
Total Funds
Total funds
undertaken
2025
2025
2024
directly2025
Wages
-
41,622
41,622
39,528
Pension
-
2,794
2,794
2,713
Insurance
-
752
752
763
Postage and Stationary
-
11
11
763
Sundries
-
936
936
146
Investment Management Fees
-
4,728
4,728
4,460
Legal and Professional Fees
-
1,709
1,709
1,369
Accountancy Fees
-
500
500
2,500
Advertising
-
989
989
-
Bank Fees
-
130
130
-
Rent and Rates
-
5,096
5,096
-
IT Software
-
230
230
-
Travel
-
81
81
-
Telephone
-
99
99
-
Grants and Donations
102,634
-
102,634
98,012
Total 2025
102,634
59,677
162,311
150,254
Total 2024
98,012
52,242
150,254
6.
GRANTS PAYABLE
2025
2024
£
£
Activities Undertaken Directly
102,634
98,012		 Activities
Support Costs
Total Funds
Total funds
undertaken
2025
2025
2024
directly2025
Wages
-
41,622
41,622
39,528
Pension
-
2,794
2,794
2,713
Insurance
-
752
752
763
Postage and Stationary
-
11
11
763
Sundries
-
936
936
146
Investment Management Fees
-
4,728
4,728
4,460
Legal and Professional Fees
-
1,709
1,709
1,369
Accountancy Fees
-
500
500
2,500
Advertising
-
989
989
-
Bank Fees
-
130
130
-
Rent and Rates
-
5,096
5,096
-
IT Software
-
230
230
-
Travel
-
81
81
-
Telephone
-
99
99
-
Grants and Donations
102,634
-
102,634
98,012
Total 2025
102,634
59,677
162,311
150,254
Total 2024
98,012
52,242
150,254
6.
GRANTS PAYABLE
2025
2024
£
£
Activities Undertaken Directly
102,634
98,012		 Activities
Support Costs
Total Funds
Total funds
undertaken
2025
2025
2024
directly2025
Wages
-
41,622
41,622
39,528
Pension
-
2,794
2,794
2,713
Insurance
-
752
752
763
Postage and Stationary
-
11
11
763
Sundries
-
936
936
146
Investment Management Fees
-
4,728
4,728
4,460
Legal and Professional Fees
-
1,709
1,709
1,369
Accountancy Fees
-
500
500
2,500
Advertising
-
989
989
-
Bank Fees
-
130
130
-
Rent and Rates
-
5,096
5,096
-
IT Software
-
230
230
-
Travel
-
81
81
-
Telephone
-
99
99
-
Grants and Donations
102,634
-
102,634
98,012
Total 2025
102,634
59,677
162,311
150,254
Total 2024
98,012
52,242
150,254
6.
GRANTS PAYABLE
2025
2024
£
£
Activities Undertaken Directly
102,634
98,012		 Activities
Support Costs
Total Funds
Total funds
undertaken
2025
2025
2024
directly2025
Wages
-
41,622
41,622
39,528
Pension
-
2,794
2,794
2,713
Insurance
-
752
752
763
Postage and Stationary
-
11
11
763
Sundries
-
936
936
146
Investment Management Fees
-
4,728
4,728
4,460
Legal and Professional Fees
-
1,709
1,709
1,369
Accountancy Fees
-
500
500
2,500
Advertising
-
989
989
-
Bank Fees
-
130
130
-
Rent and Rates
-
5,096
5,096
-
IT Software
-
230
230
-
Travel
-
81
81
-
Telephone
-
99
99
-
Grants and Donations
102,634
-
102,634
98,012
Total 2025
102,634
59,677
162,311
150,254
Total 2024
98,012
52,242
150,254
6.
GRANTS PAYABLE
2025
2024
£
£
Activities Undertaken Directly
102,634
98,012		 Activities
Support Costs
Total Funds
Total funds
undertaken
2025
2025
2024
directly2025
Wages
-
41,622
41,622
39,528
Pension
-
2,794
2,794
2,713
Insurance
-
752
752
763
Postage and Stationary
-
11
11
763
Sundries
-
936
936
146
Investment Management Fees
-
4,728
4,728
4,460
Legal and Professional Fees
-
1,709
1,709
1,369
Accountancy Fees
-
500
500
2,500
Advertising
-
989
989
-
Bank Fees
-
130
130
-
Rent and Rates
-
5,096
5,096
-
IT Software
-
230
230
-
Travel
-
81
81
-
Telephone
-
99
99
-
Grants and Donations
102,634
-
102,634
98,012
Total 2025
102,634
59,677
162,311
150,254
Total 2024
98,012
52,242
150,254
6.
GRANTS PAYABLE
2025
2024
£
£
Activities Undertaken Directly
102,634
98,012
2025
£
102,634		 2024
£
98,012

7. TRUSTEES' REMUNERATION AND BENEFITS

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL)

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

continued...

Page 10

The Stevenage Community Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

8.
STAFF COSTS
Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Staff
No employees received emoluments in excess of £60,000.
9.
INDEPENDENT EXAMINER'S REMUNERATION
Fees payable for the independent examination of the Company's annual
accounts.		 2025
£
41,622
2,794
44,416
2025
2		 2024
£
39,398
2,713
42,111
2024
2
2025
-		 2024
2,500
2,500

Braceys Accountants Limited Chartered certified Accountants have provided the accounts and independent examination services free of charge. 10. TANGIBLE FIXED ASSETS

COST
At 1 April 2024 and 31 March 2025		 Fixtures
and
fittings
£
1,001
DEPRECIATION
At 1 April 2024 and 31 March 2025		 1,001
NET BOOK VALUE
At 31 March 2025		 -
At 31 March 2024 -

continued...

Page 11

The Stevenage Community Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. FIXED ASSET INVESTMENTS

11.
FIXED ASSET INVESTMENTS
At 1 April 2024
Additions
Disposals
Revaluations
Investment managers fees
Movement
At 31 March 2025
Fixed Interest
UK Equities
Overseas Equities
Alternatives
Cash
Total
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Pensions
Other creditors
Accruals and deferred income
Accrued expenses
14.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 2025
85,149
122,378
273,814
71,236
3,955
556,532		 Total
556,584
11,381
(17,550)
10,795
(4,728)
556,532
2024
55,267
395,721
96,109
-
9,487
556,584
2025
£
4,695
2025
£
1,482
666
150
4,796
1,500
8,594
Net
movement
At 1.4.24
in funds
£
£
611,918
(24,427)
-
11,284
611,918
(13,143)		 2024
£
-
2024
£
404
-
-
2,534
2,500
5,438
At
31.3.25
£
587,491
11,284
598,775

continued...

Page 12

The Stevenage Community Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 Incoming
resources
£
144,458
15,000
159,458		 Resources
expended
£
(179,680)
(3,716)
(183,396)		 Gains and
Movement
losses
in funds
£
£
10,795
(24,427)
-
11,284
10,795
(13,143)

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS		 Net
movement
At 1.4.23
in funds
£
£
581,289
30,629
581,289
30,629		 At
31.3.24
£
611,918
611,918

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
174,675
174,675		 Resources
expended
£
(180,604)
(180,604)		 Gains and
Movement
losses
in funds
£
£
36,558
30,629
36,558
30,629

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 Net
movement
At 1.4.23
in funds
£
£
581,289
6,202
-
11,284
581,289
17,486		 At
31.3.25
£
587,491
11,284
598,775

continued...

Page 13

The Stevenage Community Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. 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:

Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 Incoming
resources
£
319,133
15,000
334,133		 Resources
expended
£
(360,284)
(3,716)
(364,000)		 Gains and
Movement
losses
in funds
£
£
47,353
6,202
-
11,284
47,353
17,486

15. RELATED PARTY DISCLOSURES

The charity benefits from rent free premises at Stewart House, in Stevenage. A trustee has beneficial interest in the property.

Page 14