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
- (a) ensuring that the charitable company keeps records that comply with sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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