ETHEROW CENTRE CHARITABLE TRUST COMPANY REGISTRATION NUMBER 2766098 CHARITY REGISTRATION NUMBER 1015489 YEAR ENDED 30TH NOVEMBER 2024 ## ETHEROW CENTRE CHARITABLE TRUST ## INDEX ## PAGE 1-7 8 9 ## CONTENTS ## DIRECTORS & TRUSTEES REPORT ## INDEPENDENT EXAMINER'S REPORT ## STATEMENT OF FINANCIAL ACTIVITIES 4 10 11 ## BALANCE SHEET ## STATEMENT OF CASH FLOWS ## NOTES TO THE ACCOUNTS (For Management Purposes Only) TRADITIONAL INCOME & EXPENDITURE ACCOUNT 12-17 18 1 THE ETHEROW CENTRE CHARITABLE TRUST 7 ## Report of the trustees for the year ended 30" November 2024 The trustees present their annual directors’ report and financial statements of the charity for the year ended 30" November 2024 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the 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). ## Reference and administrative information Charity Name: The Etherow Centre Charitable Trust Charity Number: 1015489 Company No: 02766098 ## Directors and trustees The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows: E T Bussell F Leach S AJohnson J Wetton G Davies ## Key management personnel: Trustees and Directors We have no Chair of Trustees Registered Office Etherow Centre Market Street Broadbottom SK14 6AX ## Independent Examiners Community Accountancy Service Limited The Grange, Pilgrim Drive Beswick, Manchester M11 3TQ Bankers HSBC Bank plc 5 Great Underbank Stockport Cheshire, SK1 1LH 2 THE ETHEROW CENTRE CHARITABLE TRUST = ## Objectives and activities ## The purposes of the charity are: to provide recreational and therapeutic riding classes and other recreational facilities for the benefit of persons suffering from any physical or mental disability with the object of improving their conditions of life and to provide training, instruction and supervision of such persons in their use and enjoyment of the aforesaid facilities. The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Charity’s aims and objectives, in planning future activities, and setting the policies for the year. The charity furthers its charitable purposes for the public benefit through the provision of facilities hosting a range of sports and leisure activities available to able bodied and disabled people, covering a wide age range and geographical area. ## Structure, governance and management Etherow Centre Charitable Trust is a company limited by guarantee governed by its Memorandum and Articles of Association dated 19° November 1992. It is registered as a charity with the Charity Commission (dated 30° November 1992). ## Appointment of trustees As set out in the Articles of Association trustees are elected annually by the members of the charitable company attending the Annual General meeting. Each trustee retires from office at their third AGM and can offer themselves for re-election. ## Trustee induction and training All new trustees are provided with the Charity Commission guidance for trustees and are given a brief tour of the building and an explanation of the procedures. ## Organisation Etherow Centre Charitable Trust has a management committee of between 4 and 7 members who meet every 4-6 weeks and are responsible for the strategic direction of the charity. A scheme of delegation is in place and day to day responsibility for the provision of services rests with the management team of user groups. ## Related parties and co-operation with other organisations In so far as is complementary to the charity’s objects, the charity is guided by both local and national policy. ## A review of our achievements and performance — Chair’s Report: October 2024 The Trust’s purpose is to maintain the building for the ‘provision of recreational and therapeutic activities for the disabled’. We provide space and facilities for organisations and groups which have a focus on the provision of sport and leisure activities for people with physical or mental health disabilities of all ages. 3 THE ETHEROW CENTRE CHARITABLE TRUST : The Trust still has no chair and this report has again been written jointly. Ted has continued to ensure the building works smoothly, Frances is keeping our secretarial administration on track, Shirley has continued to keep our Facebook page up to date, Gwyn has continued to act as Treasurer and provide valuable architectural advice on building maintenance and management (of which more later) and Jenny has provided general advice regarding building maintenance and assistance. The Trustees are delighted to be able to report that the Etherow Indoor Bowling Centre is now running with a dedicated group of volunteers, with a Management Committee of 8 and including Gwyn, who acts as its Treasurer and Ted who is responsible for facilities and helps as well as taking part in the bowling. We continue to be supported by Steve Roberts, Chairman of Techniheat Plant Services Limited, which is the primary sponsor of the Centre and its Club Captain The Centre now has approximately 400 members and roughly 500 bowlers in total have played at the Etherow Centre. To quote Steve Roberts, the Club Captain, in the EIBC Annual Report: “we have successfully introduced Short Mat bowling and eight brand new sets of world class playing equipment. This has attracted some of the world’s best bowlers to Etherow. We have also managed to fill every existing Long Mat league plus introduced two additional Long Mat leagues. It is pleasing to see how so many of the Short Mat bowlers have now taken to Long Mat bowling. In time we expect that many more of the Long Mat bowlers will have a go and come to appreciate the technicalities of the Short Mat game that is so popular with roughly 100,000 players around the world. ‘Our growth in numbers has been fantastic and | anticipate that our membership numbers will continue to grow to maybe 500 in 2025. The most amazing thing though is that | anticipate that the number of bowlers that will play at our venue in the next 12 months will double to 1,000 in total. That new total has been made possible mainly due to the introduction and adoption of Etherow IBC by both the Greater Manchester SMBA and the Stockport IBL as their home venue for county matches. In total there will be 13 county matches played at Etherow with each visiting team bringing roughly 24 players, which is about 300 new bowlers in total. Both Greater Manchester and Stockport will also be holding various National qualifier and championship events here. ‘Etherow IBC itself has also entered two teams in the local Stockport Short Mat bowling league. That will mean roughly 16 local team matches and knockouts will be held here at Etherow, mostly on nights throughout the winter season. Maybe a further 100 visitors in total, meaning that my estimate of 1,000 bowlers in the next 12 months could easily be achieved. ‘To manage this growth, a great deal of time, effort and money has been invested into our building. The whole building and playing facilities have vastly improved in appearance and cleanliness. This is just the start for the Etherow Centre, and improvements will continue over the next few years. Ideas and plans are many and varied. We are aiming high, and our intention is to make the Etherow Centre an attraction that not just bowlers, but the whole of Broadbottom and the surrounding areas can be proud of. 4 THE ETHEROW CENTRE CHARITABLE TRUST 7 What we have achieved so far is being talked about nationally and throughout Europe in bowling communities. | am proud to say that in January our Etherow Centre will be hosting two friendly Short Mat matches. The first will be the England Under 21’s team vs Etherow / Greater Manchester on January 25th. The second game will be England Ladies vs Etherow / Greater Manchester on January 26th. Everyone can be sure that there will be high quality bowling on display and a very warm welcome will be extended to both visiting England teams.’ The setting of the Centre is now much improved, with the car park having been weeded and gravel laid, trees removed or cut back on the embankment, the ramp balustrade and steel structure repainted and new centre signage installed. Internally curtains and new LED lamps fitted in the bowling centre and external and internal repainting having been carried out, with support from Techniheat. A new heating control system has been installed to give more precise control locally independent of heating engineers which has an optimisation feature which will finesse the system and achieve economies of gas consumption. A new CCTV system has been installed for the safety and security of users and crime prevention. The Trust and Steve Roberts are also exploring improvements to the windows in the bowling centre to improve environmental performance. An initial phase scheme is being mounted to replace the large timber central window at first floor level funded primarily by Techniheat with a Trust contributing the scaffolding costs. Network Rail will be involved and agreement made on supervision. TMBC have contributed to the cost of dilapidations and have continued to observe the terms of the lease but have not pursued discussions to surrender the lease to buy itself out of the remaining five years. (The lease is due to run until 31 March 2029). No meaningful negotiations with Council officers have yet taken place. April 2024 was the last opportunity to have a rent review which the Trust wished to pursue but TMBC rejected. We have instructed Chartered Surveyors Fairhurst Buckley to conduct a rent review on our behalf and we are awaiting their initial interim report. Two ash trees on Trust property adjacent the stables and in between ours and the Harewood Arms have developed ash dieback and could cause a problem unless removed. These are likely to have been removed together with a sycamore by the time that the AGM is held. The Trust and the landlord of the Harewood Arms having agreed an apportionment of the cost following the recent of competitive quotations. In other news, the committee has continued to meet every four weeks to conduct the business of the Trust, and also once most months to undertake cleaning and maintenance activities. At these meeting we have been joined by two members of the EIBC Management Committee, George Richards and David Twigg, to observe the Trust and take part to strengthen the ties that need to exist between the Trust and the Bowling Centre. Haywill Animal Rescue and Therapy Centre have defaulted on the rent payment for many months and the last payment received was November 2023. Despite many attempts to remedy the 5 THE ETHEROW CENTRE CHARITABLE TRUST situation, the Trustees were not able to come to an agreement with the Haywill Centre and two months’ notice of the end of the tenancy was given in March 2024. The Trust repossessed the stables building at the end of May and, as they threatened legal action, began exploring options for pro-bono legal advice on its responsibilities as regards Haywill’s belongings within the stables and the Centre. An application was made through LawWorks Not-For-Profits Programme and legal advice obtained from Brabners of Manchester. Partner Helena Davies and Solicitor Will Ford have provided very helpful advice on both the Trust’s legal position with Haywill and with the TMBC lease. After communications between parties Haywill were granted access to sort and sell items within the stables building and then clear up and Haywill finally vacated the property in September. Several requests to use the building have been received but the Trust will take Brabners’ advice before entering into any new letting agreement. Two requests to use the ground floor of the Centre have been received from a railway heritage group based at Guide Bridge and a music producer. ~ The Woodhead Railway Heritage Group are interested in reinstating the historic appearance of this part of the building, with platforms and loading gear, as well as heritage interpretation. The music producer has a collection of outside broadcast and recording equipment and has a vision of the ground floor becoming a living museum with the equipment on display and available to use in an interactive fashion by visitors. The Trust has had tentative discussions with both parties and needs to explore them further but favours’ maintaining links with the buildings railway heritage but this is a long-term plan and communications are continuing. Our two band groups continue to use rooms within the Centre. Although these groups do not have a link to disability, they provide a modest, regular income to support our charity. Etherow Centre Charitable Trust Directors: Edward Bussell, Gwyn Davies, Frances Leach, Shirley Johnson and Jenny Wetton October 2024 ## Plans for Future Periods The Trustees remain keen to recruit further members to increase our resources and will use social media, as well as word of mouth to aid recruitment. The Trustees will continue to be guided and work within the current Business Plan which will be reviewed in April 2025 and reconsider our strategic priorities and their relevance. The Business Plan draws together all the information we hold about the Centre, as well as providing an opportunity for us to determine our longer-term direction of travel. We are working to the same four strategic priorities as last year: 1 Increasing the use of the main building, especially for people with learning disabilities; 2 Establishing a more sustainable income stream, which does not rely so heavily on public money; 3 Extending the committee to include someone whose interest is in user management and development; 6 THE ETHEROW CENTRE CHARITABLE TRUST 4 Assist in developing the Indoor Bowling Centre to provide increased revenue. We will also be guided by the maintenance plan, established in June/July 2022 for the Centre and review arrangements for disability access. This is updated regularly with audits. We will continue to seek grant funding where it will assist us in meeting our aims and objectives. ## Financial review Income totalled £132,034 (2023: £56,592) and total expenditure was £101,875 (2023 £61,456) leaving a surplus of £30,159 (including a depreciation charge of £10,750). New sources of funds to cover future major maintenance projects continue to be explored. Restricted reserves at the year end were £32,729. ## Investment powers and policy The trustees, having regard to the liquidity requirements of operating the charity, aim to keep available funds in an interest-bearing deposit account. Most of the charity’s funds are to be spent in the short term so there is little available for any longer-term investment. ## Reserves policy and going concern The balance held in unrestricted reserves at 30th November 2024 was £85,805 of which there is a deficit of £1,658 after allowing for funds tied up in tangible fixed assets. The trustees aim to establish and maintain free reserves in unrestricted funds at a level which equates to approximately two months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to allow a smooth running of day to day facilities and respond to unplanned repairs that may arise. Having reviewed the plans for the year ahead the trustees consider that the charity is a going concern providing that the loan continues to be available. ## Risk management The trustees have conducted a review of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. ## Trustees responsibilities in relation to the financial statements The charity trustees (who are also the directors of The Etherow Centre Charitable Trust for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources 7 ## THE ETHEROW CENTRE CHARITABLE TRUST and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to: - e Select suitable accounting principles and then apply them consistently; - e Observe the methods and principles in the applicable Charities SORP; - e Make judgments and estimates that are reasonable and prudent; - e State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; - e Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business. - The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the board of trustees Trustee ET Bussell Date: 19" March 2025 8 - ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ETHEROW CENTRE CHARITABLE TRUST I report on the accounts of the company for the year ended 30"" November 2024, which are set out on pages 9 to 17. ## Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The 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. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: **----- Start of picture text -----**
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- e examine the accounts under section 145 of the 2011 Act ; e to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(b) of the 2011 Act; and - e 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, except as disclosed below, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements e to keep accounting records in accordance with section 386 of the Companies Act 2006; and - e to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006, ; and - e with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## Cr Andosern EL Anderson MA FCA CTA Date: 19" March 2025 Community Accountancy Service Ltd, The Grange, Pilgrim Drive Beswick, Manchester, M11 3TQ 9 ## ETHEROW CENTRE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024 (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) |||Unrestricted|Restricted|2024|2023| |---|---|---|---|---|---| ||Notes|Funds|Funds|Total|Total| |||£|£|£|£| |INCOMING FROM:|||||| |Donations & Legacies||3,723|-|3,723|1,107| |Charitable Income|2|128,091|-|128,091|55,485| |Sundry Income||220|-|220|-| |TOTAL INCOMING RESOURCES||132,034|-|132,034|56,592| |EXPENDITURE ON:|||||| |Charitable Activities|4|97,371|4,504|101,875|61,456| |||97,371|4,504|101,875|61,456| |NET MOVEMENTS IN FUNDS||34,663|(4,504)|30,159|(4,864)| |Total funds brought forward||51,142|37,233|88,375|93,239| |TotalFundscarriedforward|12|85,805|32,729|118,534|88,375| The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. The notes on pages 11 to 17 form part of these accounts 10 **----- Start of picture text -----**
ETHEROW CENTRE CHARITABLE TRUST
CO. REG. NO. 2766098
BALANCE SHEET AS AT 30 NOVEMBER 2024
NOTES 2024 2023
£ £ £ £
FIXED ASSETS
Tangible Assets 8 120,192 127,100
CURRENT ASSETS
Debtors & Prepayments 9 11,451 7,760
Cash at Bank & in Hand 10 55,981 18,945
67,432 26,705
CREDITORS:
Amounts falling due
within one year 11 (69,090) (65,430)
NET CURRENT ASSETS (1,658) (38,725)
TOTAL NET ASSETS 118,534 88,375
ACCUMULATED RESERVES & FUNDS
Unrestricted 12 85,805 51,142
Restricted 12 32,729 37,233
118,534 88,375
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For the year ending 30th November 2024 the company was entitled to the exemption from audit under section 477 of the Companies Act 2006 relating to small companies. ~ The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, ~ The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. **----- Start of picture text -----**
APPROVED ON BEHALF OF THE COMPANY'S BOARD OF DIRECTORS:
Rs
Director E Bussell Director
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Director
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widg
G Davies
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Date:19th March 2025 The notes on pages 11 to 17 form part of these accounts STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 30TH NOVEMBER 2024 11 ## Reconciliation of net movement in funds to net cash flow from operating activities ||2024|2023| |---|---|---| ||£|£| |Net movement in funds|30,159|(4,864)| |Add back depreciation|16,594|15,462| |Decrease/(increase) in debtors|(3,691)|(2,381)| |Increase/(decrease) in creditors|3,660|(2,552)| |Net cash used in operating activities|46,722|5,665| |Cash flows from investment activities:||| |Purchase of fixed assets|(9,686)|(4,166)| |Net cash provided by investing activities|(9,686)|(4,166)| |Increase/(decrease) in cash and cash equivalents during|37,036|1,499| |the year||| |Cash and cash equivalents brought forward|18,945|17,446| |Cashandcashequivalentscarriedforward|55,981|18,945| 12 ## ETHEROW CENTRE CHARITABLE TRUST ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2024 1. ACCOUNTING POLICIES (a) Basis of preparation and assessment of going concern The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in January 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## (b) Funds structure - Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. There were two restricted funds at the year end. Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion have created a fund for a specific purpose. Further details of each fund are disclosed in note 13. ## (c) Income recognition - All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. ## (d) Expenditure Recognition - 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 settlement will be required and the amount of the obligation can be measured reliably. - = All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (f) below. ## (e) Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred. ## (f) Allocation of support and governance costs Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent examination and legal fees together with an apportionment of overhead and support costs. Governance costs and support costs relating to charitable activities have been apportioned based on Staff time and facilities used in each activity. The allocation of support and governance costs is analysed in note 5. ## (g) Charitable Activities Costs of charitable activities include governance costs and an apportionment of support costs as shown in Note 4. 13 os ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2024 ## (h) Tangible fixed assets and depreciation Fixed assets are included in the accounts at net book value. Additions of a single item or a group of similar assets exceeding £500, are capitalised at cost (valuation for donated assets). Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets over their estimated useful lives as follows:Freehold Land 0% on cost Building Improvement �� 5% on cost Freehold Buildings 2.5% on cost Phase Ill 2.5% on cost Fixtures �� & Fittings 20% on cost Land is not being depreciated on the basis it does not have a limited useful life. ## (i) Debtors Trade and other debtors are recognised at settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## (j) Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. As a public benefit entity in receipt of a public benefit entity concessionary loan, the charity accounts for such loans at the amount received adjusted for interest. ## (k) Taxation The organisation is exempt from income tax by reason of its charitable status. Income tax suffered on investment income is reclaimed in full. The Charity is not currently registered for VAT. ## (j) Pensions The charity currently has no staff. ## (k) Contingent liabilities A contingent liability is identified and disclosed for those transactions resulting from a possible obligation which will only be confirmed by the occurrence of one or more uncertain future events not 14 — 5 ## ETHEROW CENTRE CHARITABLE TRUST ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2024 (Continued) ||:|Unrestricted|Total|Unrestricted|Total| |---|---|---|---|---|---| |2|INCOME FROM CHARITABLE ACTIVITIES|Funds|2024|Funds|2023| |||£|£|£|£| ||Rents Receivable|19,700|19,700|20,233|20,233| ||Contribution to Service Charges|34,504|34,504|11,286|11,286| ||Indoor Bowling income|69,680|69,680|22,813|22,813| ||Tuck shop income|4,207
128,091|4,207
=.128,091|4153
«55,485|11,153
55,485| |3|NET INCOMING RESOURCES FOR THE YEAR||2024||2023| ||||£||£| ||The Operating Surplus/(Deficit) is stated after charging:||||| ||Depreciation on Owned Assets||16,594||15,462| ||Independent Examination||504||486| ||Other Finanical serivces||90||“| |4|EXPENDITURE ON CHARITABLE ACTIVITIES||||| |||Centre|2024|Centre|2023| |||Costs|Total|Costs|Total| |||£|£|£|£| ||Light, Heat & Water|15,537|15,537|11,875|11,875| ||Business rates|442|442|-|-| ||Repairs & Maintenance|30,286|30,286|14,061|14,061| ||Insurance|6,131|6,131|5,445|5,445| ||Consultancy|250|250|-|-| ||Cleaning|110|110|-|-| ||Depreciation|16,594|16,594|15,462|15,462| ||Miscellaneous|-|-|26|26| ||Minor Equipment|-|-|176|176| ||Refreshsment|28|28|116|116| ||Bad Debts|1,118|1,118|-|-| ||Donations|500|500|-|-| ||Indoor Bowling:||||| ||Supplies|1,237|1,237|1,249|1,249| ||Card fees|703|703|96|96| ||Cleaning /Waste Collection|3,205|3,205|1,493|1,493| ||Subcontracted staff|13,259|13,259|9,410|9,410| ||Refreshment|773|773|164|164| ||PPS|88|88|3|3| ||Subscription|330|330|-|-| ||Advertising and Promotion|454|454|-|-| ||Telephone|80|80|a|=| ||Minor Equipment|3,808|3,808|1,222|1222| ||Repairs & Maintenance|4,618|4,618|10|10| ||Donations|600|600|-|-| ||Miscellaneous|938|938|33|33| ||Support Costs|282|282|129|129| ||Governance Costs|504|504|486|486| |||101,875|101,875|61,456|61,456| ||Restricted Funds||4,504||4,504| ||Unrestricted Funds||97,371||56,952| ||||101,875||61,456| 15 a ## ETHEROW CENTRE CHARITABLE TRUST ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2024 (Continued) ## 5 ALLOCATION OF GOVERNANCE AND SUPPORT COSTS |||General||||| |---|---|---|---|---|---|---| |||Support|Governance|Total|2024|Total 2023| |||£|£|£||£| |��
Accountancy
Other Finanical Services||-
90|504
-||504
90|486
-| |Bank Charges||192|-||192|129| |||282|504||786|615| All support and governance costs are unrestricted in 2024 and 2023. - 6 STAFF COSTS AND NUMBERS The organisation does not employ any staff. The charity considers its key management personnel comprises the trustees - remuneration £nil. . 7 TRUSTEES' REMUNERATION & EXPENSES No members of the management committee received any remuneration or travel costs during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year. |8|FIXED ASSETS|||||||| |---|---|---|---|---|---|---|---|---| |||Fixtures|&|Freehold|Freehold|Building||| |||Fittings||Land|Buildings|Improvements|Phase Ill|Total| |||||£|£|£|£|£| ||COST|||||||| ||Balance at 01 December 2023|11,649||30,000|430,000|38,541|111,396|621,586| ||Additions|4,316||-|-|5,370|-|9,686| ||Balance at 30 November 2024|15,965||30,000|430,000|43,911|111,396|631,272| ||DEPRECIATION|||||||| ||Balance at 01 December 2023|11,649||-|413,417|5,365|64,055|494,486| ||Charge for the year|863||-|10,750|2,196|2,785|16,594| ||Balance at 30 November 2024|12,512||-|424,167|7,561|66,840|511,080| ||NET BOOK VALUE|||||||| ||Balance at 30 November 2024|3,453||30,000|5,833|36,350|44,556|120,192| ||Balance at 30 November 2023|-||30,000|16,583|33,176|47,341|127,100| |9|DEBTORS & PREPAYMENTS|||||||| ||||||||2024|2023| ||||||||£|£| ||Debtors||||||11,127|7,760| ||Prepayments and accrued income||||||324|-| ||||||||11,451|7,760| ||All debtors and prepayments related|to unrestricted||funds.||||| |10|BANK & CASH||||||£|£| ||Bank Accounts||||||55,603|18,333| ||Cash in Hand||||||378|612| ||||||||55,981|18,945| |11|CREDITORS: AMOUNTS FALLING|DUE WITHIN||ONE YEAR|||£|£| ||Loan||||||61,576|61,576| ||Deferred Income||||||1,250|1,250| ||Other Creditor and Accruals||||||6,264|2,604| ||||||||69,090|65,430| 16 ~ ## ETHEROW CENTRE CHARITABLE TRUST ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2024 (Continued) ## 12 MOVEMENTS IN FUNDS RESTRICTED FUNDS |RESTRICTED FUNDS|||||||| |---|---|---|---|---|---|---|---| ||||||||Balance| |||Balance at|||||at| |||01.12.23|Incoming|Transfers||Outgoing|30.11.24| |||£|£|£||£|£| |Stable Fund - capital||35,296|-||-|(2,785)|32,511| |Donations - Roof Fund||1,937|-||-|(1,719)|218| |||37,233|-||-|(4,504)|32,729| |UNRESTRICTED FUNDS|||||||| |General Funds||(34,559)|132,034||-|(86,144)|11,331| |General Funds -capital||85,701|-||-|(11,227)|74,474| |||51,142|132,034||-|(97,371)|85,805| |TOTAL FUNDS||88,375|132,034||-|(101,875)|118,534| ||||||||Balance| |||Balance at|||||at| |Previous Year:||01.12.22|Incoming|Transfers||Outgoing|30.11.23| |||£|£|2||£|£| |Stable Fund - capital||38,081|-||-|(2,785)|35,296| |Donations - RoofFund||3,656|-||-|(1,719)|1,937| |||41,737|-||-|(4,504)|37,233| |UNRESTRICTED FUNDS|||||||| |General Funds||(45,157)|56,592||-|(45,994)|(34,559)| |General Funds - capital||96,659|-||-|(10,958)|85,701| |||51,502|56,592||-|(56,952)|51,142| |TOTAL FUNDS||93,239|56,592||-|(61,456)|88,375| |Purposes of Restricted Funds:|||||||| |Stable Fund||for the Stable Building Project Appeal|||||| |||The balance of this fund is represented|||by fixed assets.||| |Roof Fund||For the roof fund. The balance of this fund is||||represented by fixed|| |||assets.|||||| |ANALYSIS OF NET ASSETS BETWEEN FUNDS|||||||| ||Unrestricted|Restricted||Unrestricted||Restricted|| ||Funds|Funds|Total 2024|Funds||Funds|Total 2023| ||£|£|£|£||£|£| |Tangible Fixed Assets|87,463|32,729|120,192|89,867||37,233|127,100| |Current Assets|67,432|-|67,432|26,705||-|26,705| |Current Liabilities|(69,090)
85,805|-
32,729|(69,090)
118,534|(65,430)
51,142||-
3752393|(65,430)
88,375| ## 13 ANALYSIS OF NET ASSETS BETWEEN FUNDS 14 ULTIMATE CONTROLLING PARTY The company is under the shared control of the volunteer directors named on Page 1. 15 GOING CONCERN The company's main source of income is rental income. The trustees consider that it is appropriate to prepare the accounts on a going concern basis and, consequently, the accounts do not include any adjustments that would be necessary if the funding income should cease. 17 ## ETHEROW CENTRE CHARITABLE TRUST ## 16 POST BALANCE SHEET EVENTS The Trustees do not consider that there have been any events since the balance sheet date that significantly impact on the financial statements as presented. ## 17 FINANCIAL INSTRUMENTS FINANCIAL INSTRUMENTS 2024 2023 Total Total Financial instruments comprise a loan £ £ Public benefit concessionary Loan 61,576 61,576 61,576 61,576 The loan is interest free and repayable on cessation of services or vacation/ disposal of the property. The loan is secured by a charge over the land and buildings. 18 = ## ETHEROW CENTRE CHARITABLE TRUST ## TRADITIONAL INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 ## (FOR MANAGEMENT INFORMATION ONLY) ; **----- Start of picture text -----**
|||||||| |---|---|---|---|---|---|---| |2024|2023| |£|£| |INCOME| |Other|Income:| |Rents|Receivable|19,700|20,233| |Service|Charges|Receivable|34,504|11,286| |Donations|3,723|1,107| |Indoor|Bowling|69,680|22,813| |Tuck|shop|4,207|1,153| |Miscellaneous|Income|220|-| |132,034|56,592| |EXPENDITURE| |Insurance|6,131|5,445| |Business|rates|442|-| |Light,|Heat|&|Water|15,537|11,875| |Repairs|&|Maintenance|30,286|14,061| |Depreciation|16,594|15,462| |Bank|Charges|192|129| |Consultancy|250|-| |Cleaning|110|-| |Miscellaneous|Expenditure|-|26| |Minor|Equipment|-|176| |Refreshments|28|116| |Bad|Debts|1,118|-| |Donations|500|-| |Accountancy|504|486| |Other|Financial|services|90|-| |Indoor|Bowing:| |Supplies|1,237|1,249| |Card|fee|703|96| |Cleaning|/ Waste|collection|3,205|1,493| |Subcontracted|worker|13,259|9,410| |Refreshments|773|164| |Printing,|Stationery|and|Postage|;|88|3| |Subscription|330|-| |Advertising|and|Promotion|454|=| |Telephone|80|:| |Minor|Equipment|3,808|1,222| |Repairs|&|Maintenance|4,618|10| |Donations|600|>| |Miscellaneous|938|33| |101,875|61,456| |Surplus/(Deficit)|for the|Year|30,159|___ (4,864)| **----- End of picture text -----**