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2025-03-31-accounts

REGISTERED COMPANY NUMBER : 02819720 (England and Wales) REGISTERED CHARITY NUMBER: 1025842

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR

OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON

Company Number : 02819720

OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Report of the Trustees 1a - 1b
Statement of Financial Activities 2
Balance Sheet 3 to 4
Notes to the Financial statements 5 to 7
Detailed Statement of Financial Activities 8

Company Number : 02819720

OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON

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 the Statement of Recommended Practice (SORP) preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02819720 (England and Wales)

Registered Charity number

1025842

Registered office

205 Stratford Road Wolverton Milton Keynes Buckinghamshire MK12 5RL

Trustees David Lovesy Managing Trustee Chris Bridgman Resigned 22nd November 2023 Tom Bulman Ms Carole J Cox Colin Walker Angela Fretten Lee-Anne Styles Appointed 1st March 2024 Mark Saunders Appointed 1st March 2024 Timothy Layden Appointed 1st March 2024 Alexander Alcock Appointed 1st March 2024 Martyn Ridley Appointed 1st March 2024

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.

Recruitment and appointment of new trustees

The Charity seeks to have on its Board, members with the right skills set to enable it to be managed in an effective manner. Any new appointment is made at a properly constituted Trustees' meeting.

Induction and training of new trustees

New trustees receive the necessary induction in regard to responsibilities and visit the office of the Charity to meet all members of staff, looking through the charity literature including recent accounts and minutes of trustees' meetings and finally meeting with Senior Management and existing trustees.

1a

Company Number : 02819720

OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Public Benefit

The trustees have given regard to the Charity Commission's guidance on public benefit when setting the aims and objectives for the year.

Objectives and Aims

The Charity exists to provide safe, clean and accessible community facilities for recreation and education with the object of improving the conditions of life and social welfare of the inhabitants of Wolverton and its environs.

The Charity achieves this by subsidising the local Community Centre for the public benefit in the Wolverton area.

Achievements and performance

The Charity has met its' main objective by continuing to provide a Community Centre for the inhabitants of Wolverton and its environs.

Financial Review

The Charity generated a surplus of £5,998 supported by Grant income of £19,590.

The Trustees' are aware of the need to maintain a minimum level of Reserves. Their opinion is the minimum level of Reserves required is an amount sufficient to cover 6 months of costs.

Share Capital

The Company is Limited by Guarantee and has no issued share capital. The liability of members is limited to £1.

Statement of Trustees Responsibilities

The Trustees, who are also directors, 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 charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP;

make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the 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 hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 29 January 2026 and signed on its behalf by:

Trustee D Lovesy Date: 29 January 2026

1b

Company Number : 02819720

OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Notes
INCOMING RESOURCES
Incoming Resources from generated funds
Investment Income
2
Incoming Resources from charitable activities
Local Giving
Grant Income
11
Fundraising
MK Community Fridge
Community Centre
Total Incoming resources
RESOURCES EXPENDED
Charitable activities
Community Centre
Governance costs
Total resources expended
NET INCOMING/(OUTGOING RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2025
2025
2025
Unrestricted Restricted
Total
funds
funds
funds
£
£
£
-
-
-
-
-
268
-
268
-
19,590
19,590
9,806
-
9,806
800
-
800
51,224
-
51,224
62,098
19,590
81,688
74,161
-
74,161
1,529
-
1,529
-
-
75,690
-
75,690
13,592
-
19,590
5,998
50,098
-
50,098
36,506
19,590
56,096		 2024
Total
funds
£
119
850
12,902
0
0
47,173
61,041
66,099
1,110
67,209
6,169
-
60,563
54,395

2

Company Number : 02819720

OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON

BALANCE SHEET AT 31 MARCH 2025

Notes
FIXED ASSETS
Tangible Assets
6
CURRENT ASSETS
Debtors
7
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted & Restricted Funds
9		 2025
2025
Unrestricted Restricted
funds
funds
£
£
332
-
4,252
-
53,317
-
57,568
-
1,804
-
-
55,764
-
56,096
-
56,096
-
36,506
19,590		 2025
Total
funds
£
332
4,252
53,317
57,568
1,804
-
55,764
56,096
56,096
56,096
56,096		 2024
Unrestricted
funds
£
334
3,890
51,701
55,591
1,529
-
54,062
54,396
54,396
54,396
36,506
19,590		 54,396

3

Company Number : 02819720

OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON

BALANCE SHEET - CONTINUED AT 31 MARCH 2025

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 charitable 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 special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

and were signed on its behalf by:

Trustee

D Lovesy

The notes form part of these financial statements

4

Company Number : 02819720

OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of 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.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

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

Fixtures and Fittings - Straight line over 3 years

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted Funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements

2 INVESTMENT INCOME
Deposit account interest
3 NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/(crediting)
Depreciation - owned assets		 2025
£
-
2025
£
332		 2024
£
119
2024
£
333

4 TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' Expenses

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

5

Company Number : 02819720

OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5 STAFF COSTS
Wages and salaries
6 TANGIBLE FIXED ASSETS
COST
At 1 April 2024
Additions
DEPRECIATION
At 1 April 2024
Charge for Year (2025)
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
7 DEBTORS,AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
8 CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
9 MOVEMENT IN FUNDS
Unrestricted funds
General Fund
TOTAL FUNDS		 2025
£
24,536		 2024
£
20,015
Improvements
Fixtures
to Property
and Fittings
£
£
17,183
26,199
-
-		 Total
£
43,382
-
17,183
26,199		 43,382
17,183
25,532
-
332		 42,715
332
17,183
25,864		 43,047
335
335		 332
-
667		 667
2025
2024
£
£
4,252
3,890
4,252
3,890
2025
2024
£
£
1,804
1,529
1,804
1,529
At 01/04/24
Net movement
At 31/03/2025
in funds
£
£
£
54,396
5,998
60,394		 2024
£
3,890
3,890
2024
£
1,529
1,529
54,396
5,998
60,394

6

Company Number : 02819720

OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9 MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General Fund
TOTAL FUNDS		 Incoming
Resources
Movement
Resources
Expended
in funds
£
£
£
81,688
75,690
5,998
81,688
75,690
5,998

10 CALLED UP SHARE CAPITAL

The company is Limited by Guarantee and has no issued share capital. The liability of members is limited to £1.

11 GRANT INCOME

GRANT INCOME
The following grants have been received in this year
Neighbourly
Places for People
Great Linford Parish Council
Catherine Featherstone Foundation
Arnold Clark
Co-op Investment Grant Fund
Food Hub Grant		 2025
£
230
1000
1200
500
1000
6660
9000
19590

7

Company Number : 02819720

OLD BATH HOUSE AND COMMUNITY CENTRE WOLVERTON

PROFIT AND LOSS FOR THE YEAR ENDED 31 MARCH 2025

Community Centre Revenue
Community Centre
MK Community Fridge
Fundraising
Grant Income
Local Giving
Gross Interest
Community Centre Costs
MK Community Fridge
Food Delivery Project
Outdoor Improvement Project
Match Funding Contribution
Jubilee Event
Pumpkin Project
Direct expenses
Warmer Wolverton Project
Project Leader & Support
Cleaning
Gross Wages
Project - Rent Costs
Rates and Water
Insurance
Light and Heat
Postage and Stationery
Telephone
Sundries
Professional & Consultancy Fees
Subscriptions
General Expenses
IT Costs
Maintenance
Advertising & Re-branding Costs
Depreciation
Governance Costs
Accountancy
(Deficit) /Surplus for the Year		 £
£
51,224
800
9,806
19,590
268
-
81,688
-
1,792
-
-
-
-
1,846
-
10,025
7,235
24,536
3,582
1,891
839
15,443
51
1,786
-
34
1,728
1,127
1,914
-
332
1,529
75,690
5,998
2025		 £
£
51,224
800
9,806
19,590
268
-
81,688
-
1,792
-
-
-
-
1,846
-
10,025
7,235
24,536
3,582
1,891
839
15,443
51
1,786
-
34
1,728
1,127
1,914
-
332
1,529
75,690
5,998
2025		 £
£
39,645
4,400
3,125
12,902
850
119
61,041
-
1,563
-
-
520
-
1,618
-
11,702
8,011
20,015
3,545
774
992
10,812
21
1,567
91
659
1,094
1,468
-
1,241
72
333
1,110
67,208
6,167
-
2024		 £
£
39,645
4,400
3,125
12,902
850
119
61,041
-
1,563
-
-
520
-
1,618
-
11,702
8,011
20,015
3,545
774
992
10,812
21
1,567
91
659
1,094
1,468
-
1,241
72
333
1,110
67,208
6,167
-
2024
81,688
75,690		 61,041
67,208
5,998 6,167
-

8