REGISTERED COMPANY NUMBER." 02913278 (England and Wales)
REGISTERED CHARITY NUMBER: 1037121
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
FOR
THE RADLErr CENTRE TRUST
Nagler Simmons
Chartered Accountants and Statutory Auditors
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR

THE RADLE￿ CENTRE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
Page
Report of the Trustees
Report of the Independent Auditors
8 to 11
Statement of Financial Artivities
12
Balance Sheet
13 to 14
Cash Flow Statement
15
Notes to the Cash Flow Statement
16
Notes to the Financial Statements
17 to 32

THE RADLE￿ CENTRE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
The Trustees of The Radlett Centre Trust (the Company), who are also the 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 2024. The Trustees have adopted the provisions of the Statement of Recommended
Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102).
OBJEcfivES AND AcfiviTIES
Objectives and charitable aims
The principal objectives and charitable aims of the Company are:
a} To provide and promote a diverse programme of concerts, shows and exhibitions which, overall, will appeal
to all sections of the community- The programme should include: drama, art and music of all genres and
cultural, educational, topical and local events.
b} To provide and maintain the building as a community centre and provide meeting rooms for hire for courses,
meetings. lectures, classes. seminars. exhibitions and educational. cultural and recreational events.
cl To offer shows and services for the inhabitants of the Parish of Aldenham and surrounding neighbourhoods,
in a way that will attract high quality performances and appeal to audiences and facility hirers.
To achieve these objectives and charitable aims, the Company leases from Aldenham Parish Council the Radlett
Centre, which was opened on 27 April 1996.
Strategies
The strategies employed to achieve the Company's charitable aims are to:
al Offer the residents of the Parish of Aldenham subsidised services in relation to the subsidy provided by
Aldenham Parish Council, and, as far as practicable, meet residents, aspirations.
b} Operate without discrimination against age. sexual orientation. disability. nationality, ethnic or national
origin, religion and to be politically neutral.
cl Offer local artists the opportunity to promote their work through exhibitions in the Apthorp Gallery and/or in
the café bar and foyer area.
d) Allow amateur and professional artists, schools, local societies and groups to develop, through the provision
of appropriate facilities for hire, at rates discounted where appropriate.
el Promote the involvement of young people in the Arts through facilitating the provision of drama and musical
workshops.
f} Celebrate the diversity of cultures in society by programming events involving artists of different cultural
backgrounds.
Page I

THE RADLE￿ CENTRE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
OBJEcfivES AND AcfiviTIES
Public Benefit
The Trustees confirm that they have complied with the duty of section 17 of the Charities Act 2011 to have
regard to the public benefit guidance published by the Charity Commission in determining the activities
undertaken by the Company.
Significant activities
Putting these strategies into action, the principal areas of activity are concerts, shows and stage performances,
educational programmes, art exhibitions and use of the community hall and meeting rooms for public and
private functions.
The stage performances combine both amateur community societies and professional productions. The local
groups include The Radlett Music Club. Radlett Art Society and Radlett Musical Theatre Company as well as a
number of local schools. The professional events include comedians, singers, tribute bands, dramas, ballet,
many children's shows and a full pantomime run every December. All programmes achieve a mix of the Arts to
suit a range of public tastes with the emphasis on maintaining a popular programme which underpins the
viability of the theatre.
The educational programme involves local schools which enable them to perform in the theatre and attend
Children's Musical Theatre courses, as well as enjoy performances suitable for their age group.
Volunteers
The Company is very involved in the community and is dependent on voluntary help. Besides the amateur
performers and artists who display their talents at the Radlett Centre, volunteers assist with stewarding events
and performances. enabling lower staff costs than would otherwise be the case. It is estimated that, without
this help, an additional two staff would be required 'front of house, at a cost of approximately £30,000.
Page 2

THE RADLE￿ CENTRE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Local residents from the Parish of Aldenham still make up a substantial proportion of the users of the Radlett
Centre, even after it has been in existence for over twenty five years. However, the venue is also popular with
people and groups clustered in North London and Hertfordshire. which shows the Radlett Centre's reputation
for being a provider of good quality entertainment. This attraction from persons outside the Parish benefits
local groups by appealing to as wide a market as possible as they try to deal with the economies of balancing
the books.
The Company actively encourages the use of the Radlett Centre by other charities. providing a much-reduced
hire rate for the theatre and conference rooms. This equates to nearly 80% of hirers (excluding professional
shows).
The Company's commitment to the community continues through hosting the Citizens Advice Bureau,
Community Hertsmere, Member of Parliament, Police surgeries, the Parish Council meetings, the Annual
Winter Fair and Parish Meetings for the Parish of Aldenham.
39,72312023: 38,5331 tickets were sold for professional shows in the past year, as well as tickets for charitable
events and local amateur groups. The staff are acknowledged for their skill and professionalism, which enables
the Radlett Centre to provide a helpful courteous service to its broad range of customers.
Internal and External factors
The Trustees, through its Resources sub-committee. have made a full assessment of the internal and external
factors that may affect these financial statements. It has concluded that they do not deem any factors material
enough to report save in respect of the following.
FINANCIAL REVIEW
Principal funding sources
The Company is pleased and fortunate to receive funding from a number of organisations and individuals.
During the current year it received funding in the form of a substantial subsidy from Aldenham Parish Counci I,
totalling £140,000 12023: £120.0001. £20.000 of which was from its Community Infrastructure Levy. The
Company also received generous donations totalling £54,94312023: £4,423), most notably, £50,000 from John
Apthorp, which was spent during the year on new auditorium seating.
The continued support of our partners and generous donors is essent131 in maintaining the varied programme
of creative arts since most concerts and performances are not self-financing.
Investment policy and objectives
The Trustees made the decision during the 2021/22 year to close the bank accounts with Shawbrook and Close
Brothers where the interest was low at the time. and invest £IIO.000 in a portfolio of low to medium risk
investments with A&J Wealth Management, as shown in note 15 to the accounts. This left Barclays as the
Company's sole banker. The Trustees have made the decision to invest further funds into a combination of
short, medium and long term savings accounts, as a result of the improved interest rate opportunities. The
Board reviews the investment strategy annually.
Page 3

THE RADLE￿ CENTRE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
FINANCIAL REVIEW
Reserves policy
The Trustees, Reserves Policy is based upon guidance from the Charity Commission. The Trustees have taken
note of this guidance and keep the reserves of the Company regularly under review. The total reserves as at 31
March 2024 were £436,28312023: £341,996).
The Company and Aldenham Parish Council have jointly set aside moneys within a building fund to enable the
f unding of expensive internal non-structural repairs within the building.
Results for the period
The year end results reflect a very successful year, with strong ticket sales, despite the continuing difficult
economic climate. Costs were generally contained within budget which meant that excluding restricted fund
income of £70,000, income exceeded expenditure by £109.039 {2023: £79,950}.
FUTURE PLANS
The Trustees have drawn up a ten-year maintenance and improvement plan for the building. The Trustees
review this plan regularly at their meetings.
STRucfuRE, GOVERNANCE AND MANAGEMENT
Governing document
The Radlett Centre Trust (the Company) is a Company Limited by Guarantee, governed by its Memorandum
and Articles of Association dated 10 February 2016. It is registered as a charity with the Charity Commission.
Each of the Trustees is a member of the Company during their own term of service and each agrees to
contribute £1 in the event of the Company winding up.
Governance
In line with best practice and also guidance from the Charity Commission, the composition of the Board was
reviewed in 2021 and the skills/role requirements of the Company assessed. Trustees are appointed to fill the
required skill/role sets.
Induction and training of trustees
Trustees are advised of any relevant training material/courses available and are actively encouraged to read or
attend.
Recruitment and appointment of new trustees
The Trustees are appointed by members of the Company and, with the exception of up to two ex officio
Trustees, retire four years following the commencement of their term of office.
The members may by ordinary resolution appoint any person to be a Trustee. either to fill a vacancy or as an
additional Trustee, where a need for a particular skill has been identified.
Page 4

THE RADLE￿ CENTRE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
STRucfuRE, GOVERNANCE AND MANAGEMENT
Organisational structure
The Board of Trustees consists of up to 12 members who administer the Company. The Board meets at least
five times in the year to discuss strategy and policy. and review the budgets etc. Working groups, which report
to the Board, meet on an as required basis to consider specific projects or issues. The Board has appointed a
General Manager, Greg Dexter, to run the Radlett Centre and has delegated authority for him to deal with
operational matters, including bookings, finance and employment. He reports regularly to the Board.
Business Plan
A Finance and Audit sub-committee of the board has been set up to review all aspects of finance and it has
been proposed that there should be a strategy meeting of the full board to review the business plan.
Related parties
The Company has a partnership arrangement with Aldenham Parish Council, which provides an annual subsidy
to the Compa ny. Alden ham Parish Council considers that it is important that it provides a local facility which
enables its parishioners to appreciate the Arts in all its facets. Aldenham Parish Council actively promotes the
work of the Company through its newsletter delivered to every household in the Parish.
Risk management
The Trustees take this area seriously and in 2018 carried out a comprehensive review of the risks faced by the
Company. This included the risk of fraud and error, catastrophes and reputational risks amongst others to
ensure appropriate procedures and processes are in place to mitigate these risks. The risk register is reviewed
by the Board on a bi-annual basis.
The key risk to the Company continues to be the failure to raise sufficient income to meet its objectives. In
particular the Trustees are aware of the risk of Aldenham Parish Council reducing the grant at any time. due to
the financial constraints on local councils.
Insurance has been purchased, where necessary, to cover all material insurable risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02913278 (England and Wales)
Registered Charity number
1037121
Registered office
The Radlett Centre
l Aldenham Avenue
Radlett
Hertfordshire
WD7 8HL
Page 5

THE RADLE￿ CENTRE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
Trustees
The trustees serving during the year were as follows:
Aldenham Parish Council
Nominees..
John Graham
Mohammed Khawaja
Dermot Wickham
Shaun Wilson
(Appointed on 24 May 20231
(Appointed on 24 May 20231
(Resigned on 5 May 20231
(Resigned on 4 May 20231
Elected trustees:
Catherine Curran {Chair)
Rachael Davis-stollar
Wendy Griffin
Martin Jeens
Neil Myerson
Irene Swain
Garry Walton
Danielle Alexander
(Appointed on 28 June 20231
Auditor5
Nagler Simmons
Chartered Accountants and Statutory Auditors
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
Bankers
Barclays Bank plc,
12 Station Approach
Gerrards Cross
Buckinghamshire
SL9 8PP
Solicitors
Penman Sedgwick LLP
5 George Street
Watford
Hertfordshire
WD18 OSQ
Page 6

THE RADLE￿ CENTRE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also the directors of The Radlett Centre Trust for the purposes of company lawl are
responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable
law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the Trustees to prepare financial statements for each financial year which 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:
select suitable accounting policies and apply them consistently,.
observe the methods and principles in the Charity SORP-
make judgements and estimates that are reasonable and prudent;
prepare the f inancial statements on the going concern basis unless it is inappropriate to presume
that the Company will continue in business.
The Trustees are responsible for keeping 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 asset5 of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
In so far as the Trustees are aware:
there is no relevant audit information of which the Company's auditors are unaware; and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Nagler Simmons, will be proposed for re-appointment at the forthcoming Annual General
Meeting.
Approved by order of the board of trustees on 14 October 2024 and signed on its behalf by:
Mrs C Curran - Trustee
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE RADLErr CENTRE TRUST
Opinion
We have audited the financial statements of The Radlett Centre Trust (the 'charitable company'l for the year
ended 31st March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow
Statement and notes to the financial statements, including a summary of significant accounting policies. The
f inancial reporting framework that has been applied in their preparation is applicable law and U nited Kingdom
AccountinE Standards {United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31st March 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit i n accordance with International Standards on Auditing IUKI (ISAS IUK}l and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the
audit of the financial statements section of our report. We are independent of the charitable company in
accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK,
including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with
these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Conclusions relatinE to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the charitable compa ny's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE RADLErr CENTRE TRUST
Other information
The trustees are responsible for the other information. The other information compri5e5 the information
included in the Annual Report, other than the financial statements and our Report of the Independent Auditors
thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility IS to read the other information and,
in doing so, consider whether the other information is materially inconsistent with the financial statements or
our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to determine whether this give5
rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material misstatement of this other information, we are required to
report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if. in our opinion:
the information given in the Report of the Trustees is inconsistent in any material respect with the financial
statements; or
the charitable company has not kept adequate accounting records- or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors
of the charitable company for the purposes of company lawl are responsible for the preparation of the
f inancial statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and usi ng the
going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to
cease operations. or have no realistic alternative but to do so.
Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE RADLErr CENTRE TRUST
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement. whether due to fraud or error. and to issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below-
Enquiring of management and those charged with governance around actual and potential litigation and
claims;
Reviewing board meeting minutes for all meetings taking place throughout the year and until the date of
signature of these financial statements:
Reviewing the general ledger in detail for all transactions with related parties;
Performing walk through testing to ensure systems and controls are operating a5 recorded, where
appropriate,.
Performing audit work over the risk of management override of controls, including testing of journal entries
and other adjustments for appropriateness. evaluating the business rationale of significant transactions outside
the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of the instances of
non-compliance. The risk is also greater regarding irregularities regarding fraud rather than error, as fraud
involves intentional concealment, forgery, collusion, omission or misrepresentation.
As part of an audit in accordance with ISAS IUKI we exercise professional judgement and maintain professional
scepticism throughout the audit. We also-
Identify and assess the risks of material misstatement of the financial statements. whether due to fraud or
error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement
resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the
company's internal control-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the dirertors:
Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE RADLErr CENTRE TRUST
Conclude on the appropriateness of the directors, use of the going concern basis of accounting and, based on
the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may
cast significant doubt on the company'5 ability to continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the
f inancial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based
on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions
may cause the company to cease to continue as a going concern:
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures,
and whether the financial statements represent the underlying transartions and events in a manner that
achieves fair presentation.
We communicate with those charged with governance regarding. among other matters. the planned scope and
timi ng of the audit and significant audit findings, including any significant deficiencies in internal control that
we identify during our audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our
Report of the Independent Auditors.
Use of our report
This report 15 made solely to the charitable company's trustees. as a body, in accordance with Part 4 of the
Charities {Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state
to the charitable company's trustees those matters we are required to state to them in an auditors, report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's trustees as a body, for our audit
work, for this report, or for the opinions we have formed.
for and on behalf of Nagler Simmons
Chartered Accountants and Statutory Auditors
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
2 December 2024
Page 11

THE RADLE￿ CENTRE TRUST
STATEMENT OF FINANCIAL AcfiviTIES
INCORPORATING AN INCOME AND EXPENDITURE ACCOUN
FOR THE YEAR ENDED 31ST MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restricted
funds
fvnds
Notes
INCOMEAND ENDOWMENTS FROM
Donations and legacies
4,943
70,000
74,943
4,423
Charitable activities
Concerts and stage performance
Hire of centre
Educational programmes
Art exhibition
794.888
200,722
79,316
8,418
794.888
200,722
79,316
8,418
779,687
152,378
69,416
4,895
Investment income
3,335
3,335
546
Total
1,091,622
70,000
1,161,622
1,011,345
EXPENDITURE ON
Charitable activities
Concerts and stage performance
Hire of centre
Education31 programmes
Art exhibition
Governance costs
825,945
112,455
42.626
2,798
6,000
825,945
112,455
42,626
2,798
6,000
775,013
101,949
41,591
1,677
8,701
Other
1.514
1,514
1,498
Total
991.338
991.338
930,429
Net gains/llossesl on investments
8.755
8.755
19661
NEf INCOME
Transfers between funds
109.039
70,000
70.000
{70,000)
179,039
79,950
19
Net movement in funds
179,039
179,039
79,950
RECONCILIATION OF FUNDS
Total funds brought forward
704.827
106.000
810.827
730,877
TOTAL FUNDS CARRIED FORWARD
883.866
106,000
989,866
810,827
The notes form part of these financial statements
Page 12

THE RADLE￿ CENTRE TRUST
BALANCE SHEET
31ST MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restrirted
funds
funds
Notes
FIXED ASSETS
Tangible assets
Investments
14
15
181,484
110,207
181,484
110,207
96,732
97,670
291,691
291,691
194,402
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
16
17
263
50,583
781,449
263
50,583
887,449
534
27,799
824,799
106,000
832,295
106,000
938,295
853,132
CREDITORS
Amounts falling due within one year
18
1240,120)
{240,1201
(236,7071
NET CURRENT ASSErs
592,175
106,000
698,175
616,425
TOTAL ASSETS LESS CURRENT LIABILITIES
883,866
106,000
989,866
810,827
ASSETS
883.866
106,000
989,866
810,827
FUNDS
Unrestricted f unds:
General fund
Building Fund
19
617,767
266,099
438,728
266,099
883,866
704,827
Restritted funds-
Building fund
106,000
106,000
TOTAL FUNDS
989,866
810.827
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 31st March 2024.
The notes form part of these financial statements
Page 13
continued...

THE RADLE￿ CENTRE TRUST
BALANCE SHEET- continued
31ST MARCH 2024
The member5 have not deposited notice. pursuant to Section 476 of the Companies Act 2006 requiring an audit
of these financial statements.
The trustees acknowledge their responsibilities for
(al
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
preparing fina ncial 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.
Ibl
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14 October 2024
and were signed on its behalf by:
C Curran - Trustee
I Swain - Trustee
The notes form part of these financial statements
Page 14

THE RADLE￿ CENTRE TRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2024
31.3.24
31.3.23
Notes
Cash flows from operating activities
Cash generated from operations
177,807
184.464
Net cash provided by operating activities
177,807
184.464
Cash flows from investing artivities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
1111,3761
136,2391
32,458
132,7961
136,5081
37,262
Net cash used in investing activities
{115,1571
132,042
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
62.650
152.422
824,799
672,377
Cash and cash equivalents at the end of
the reporting period
887,449
824,799
The notes form part of these financial statements
Page 15

THE RADLE￿ CENTRE TRUST
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2024
RECONCILIATION OF NET INCOME TO NEf CASH FLOW FROM OPERATING ACTIVITIES
31.3.24
31.3.23
Net income for the reporting period (as per the Statement of
Financial Artivities)
Adjustments for:
Depreciation charges
IGainl/losses on investments
Loss on disposal of fixed assets
Decrease/lincreasel in stocks
Ilncreasel/decrease in debtors
Increase in creditors
179.039
79,950
25,147
18,7551
1,476
271
{22,7841
3,413
32,569
966
11041
33,944
37,139
Net cash provided by operations
177,807
184,464
ANALYSIS OF CHANGES IN NEf FUNDS
At 1.4.23
Cash flow
At 31.3.24
Net cash
Cash at bank and in hand
824,799
62,650
887,449
824,799
62,650
887,449
Total
824.799
62,650
887,449
The notes form part of these financial statements
Page 16

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
STATUTORY INFORMATION
The presentation currency of the financial statements is the Pound Sterling {£).
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 1021 '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 I
January 20191,, 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 investment5 which are included at market
value, as modified by the revaluation of certain assets.
Critical accounting judgements and key sources of estimation uncertainty
There are no judgements. estimates or assumptions that affect the amounts recognised in the financial
statements.
Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that the
Company has sufficient support from Aldenham Parish Council and reserves to continue. The Trustees
have considered the level of funds held and the expected level of income and expenditure for 12
months from authorising these financial statements. The budgeted income and expenditure is sufficient
with the level of revenues for the company to be able to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably. Income
from charitable activities is measured at the fair value of the consideration receivable, excluding VAT.
Deferred income
A provision for deferred income is made where the income is received in the year but can only be
recognised for the next financial year and can be reliably measured at the balance sheet date.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation com m itting
the charity to that expenditure, 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 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.
Page 17
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
ACCOUNTING POLICIES- continued
Tangible fixed assets
Tangible fixed assets for use by the Company are stated at cost (including any incidental expenses of
acquisition) less depreciation.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated
residual value, over their expected useful lives on the following bases.
Auditorium Seating
Fixtures and fittings
Sound and light equipment
4% straight line
20% reducing balance
20% reducing balance
Individual fixed a5set5 Costing £250 or more are capitalised at Cost.
All tangible fixed assets were previously written off on a 25% reducing balance basis. The change has
been made this year to reflect the longer expected useful lives of the assets held.
The building is owned by Hertsmere Borough Council. Replacement and enhancement costs are charged
to the Company's Statement of Financial Activities.
Stocks
Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete
and slow moving items.
Taxation
The Company is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted general funds can be used in accordance with the charitable objectives at the discretion of
the Trustees.
Designated funds are funds set aside out of unrestrirted general funds for specific future purposes in
accordance with the development plans of the organisation and to enable the completion of existing
projects.
Restricted funds can only be used for particular restricted purposes within the objects of the Company.
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.
Page 18
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
ACCOUNTING POLICIES- continued
Pension costs and other post-retirement benefits
The Company participates in a multi-employer defined benefit pension plan. The change in value of the
assets and liabilities arising from asset valuation. changes in benefit. actuarial assumptions of change in
the level of deficit attributable to members is recognised in the Statement of Financial Activities. The
resulting pension liability or asset is shown on the balance sheet.
Operating leases
Rentals applicable to operating leases are charged to the Statement of Financial Activities during the
period in which the cost is incurred.
Financial instruments
The Company has chosen to apply the provisions of Section 11 "Basic Financial Instruments and Section
12 '0ther Financial Instruments Issues of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future receipts discounted at a market rate of interest. Financial liabilities classified as
payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of operation from suppliers. Amount payable are classified as current liabilities if payment is due
within one year or less. If not, they are presented as non-current liabilities. Trade creditors are
recognised initially at transaction rice and subsequently measured at amortised cost using the effective
interest method.
Grant income
Government and local authority grants and subsidies are recognised at the fair value for the asset
received or receivable when there is reasonable assurance that the grant and subsidy conditions will be
met and the grants and subsidies will be received.
Page 19
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
DONATIONS AND LEGACIES
31.3.24
31.3.23
Donation - Aldenham Parish Council
Donation - John Apthorp
Other donations
20,000
50.000
4,943
4,423
74,943
4,423
INVESTMENT INCOME
31.3.24
31.3.23
Deposit account interest
Investment portfolio interest and dividends
3,033
297
380
168
3,330
548
INCOME FROM CHARITABLE Acriv￿lEs
31.3.24
31.3.23
Activity
Hire income and recharges Concerts and stage performance
Sales - Box office
Concerts and stage performance
Local authority grants
Concerts and stage performance
Hire income and recharges Hire of centre
Sales - Box office
Educational programmes
Course income
Educational programmes
Art exhibition and foyer
sales
16,715
657.173
121,000
200,722
65,127
14,189
40,929
617.758
121,000
152,378
58,691
10,725
Art exhibition
8.418
4.895
1,083,344
1.006,376
Page 20
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
CHARITABLE AcfiviTIES COSTS
Support
and
Governance
costs
Direct
costs
(note 7)
Total
31 March 2024
Concerts and stage performance
Hire of centre
Educational programmes
Art exhibition
Auditors, remuneration (Governance costs)
Investment charges {Support costs)
826,841
111,831
42.379
2,773
826,841
111,831
42,379
2,773
6,000
1,514
6,000
1,514
983,824
7,514
991,338
Support
and
Governance
costs
Dirert
cost5
(note 7)
Total
31 March 2023
Concerts and Stage performance
Hire of centre
Educational programmes
Art exhibition
Auditors, remuneration (Governance
costs)
Accountancy (Governance costs)
Investment charges {Support costs)
779,410
100,465
38,687
1,668
779,410
100,465
38,687
1,668
6,801
1,900
1,498
6,801
1,900
1,498
920,230
10,199
930,429
Page 21
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
DIREcf COSTS OF CHARITABLE ACTIVITIES
31.3.2024
31.3.2023
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Building enhancement, repairs and maintenance
Advertising
Sundries
Event and concert costs
Artlst fees
Tutors, fees
Equipment hire
Credit card charges
Hospitality
Transport
Postage and stationery
Office services
Office consumables
Staff training and recruitment
Depreciation
Loss on disposal of tangible fixed assets
278.912
1,104
14,574
27,727
3,434
43.444
27,673
24,927
34,750
457,029
4,506
271.816
722
13,714
24,843
3,002
20,194
30,208
23,100
33,818
423,747
4,248
610
9.574
2.110
42
3,283
19,352
882
2,396
32,569
9.267
2.593
52
2,657
21,330
515
2,705
25,149
1,476
983,824
920,230
Page 22
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
NEf INCOME/{EXPENDITURE)
Net income/{expenditure) is stated after charging/{crediting)-
31.3.24
31.3.23
Depreciation - owned assets
Deficit on disposal of fixed assets
25,148
1,476
32,568
AUDITORS, REMUNERATION
31.3.24
31.3.23
Fees payable to the charity's auditors for the audit of the charity's
financial statements
Auditors, remuneration for non audit work
6,000
6,801
1,900
Total fees payable
6,000
8,701
io.
TRUSTEES, REMUNERATION AND BENEFITS
There were no Trustees, remuneration or other benefits for the year ended 31st March 2024 nor for the
year ended 31st March 2023.
Trustees, expenses
There were no Trustees, expenses paid for the year ended 31st March 2024 nor for the year ended 31st
March 2023.
Page 23
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
11. STAFF COSTS
31.3.24
31.3.23
Wages and salaries
Social security costs
Other pension costs
242,154
14,672
22,086
224,585
14,396
32,835
278,912
271,816
The average monthly number of employees during the year was as follows-
31.3.24
31.3.23
Adm inistration
Technical
Operating
14
14
The number of employees whose employee benefits {excluding employer pension costs) exceeded
£60,000 was:
31.3.24
31.3.23
£60,001- £70,000
The average number of full time equivalent employees for the year was as follows..
31.3.24
31.3.23
Administration
Technical
Operating
Key management personnel
The key management personnel of the trust comprise the trustees and theatre manager. The total
amount of of employee benefits {including employer pension contributions) received by key
management personnel fortheir sep4ices to the trust was £84,837 (2023: £83,448).
Page 24
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENT5 - continued
FOR THE YEAR ENDED 31ST MARCH 2024
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
Unrestrirted
funds
RestTlCted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
4,423
4,423
Charitable activities
Concerts and stage performance
Hire of centre
Educational programmes
Art exhibition
779,687
152.378
69,416
4,895
779,687
152,378
69,416
4,895
Investment income
546
546
Total
1.011.345
1,011,345
EXPENDITURE ON
Charitable activities
Concerts and stage performance
Hire of centre
Educational programrnes
Art exhibition
Governance costs
775,013
101,949
41.591
1,677
8,701
775,013
101,949
41,591
1,677
8,701
Other
1,498
1,498
Total
930.429
930,429
Net gains/llossesl on investments
(966)
19661
NET INCOME
79,950
79,950
RECONCILIATION OF FUNDS
Total funds brought forward
624,877
106,000
730,877
TOTAL FUNDS CARRIED FORWARD
704,827
106,000
810,827
Page 25
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
13. TANGIBLE FIXED ASSErs
Sound and
light
equipment
Fixtures
and
fittings
Auditorium
seating
Totals
COST
At 1st April 2023
Additions
Disposals
90,897
ioi.iii
{90.897)
197,856
4,166
301,429
6,099
590,182
111,376
190,897}
At 31st March 2024
ioi.iii
202,022
307,528
610,661
DEPRECIATION
At 1st April 2023
Charge for year
Eliminated on disposal
89,421
4,044
{89.4211
165,081
7,388
238,948
13,716
493,450
25,148
189,421}
At 31st March 2024
172,469
252,664
429,177
NET BOOK VALUE
At 31st March 2024
97.067
29.553
54.864
181.484
At 31st March 2023
1,476
32.775
62.481
96,732
Page 26
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
14.
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1st April 2023
Additions
Disposals
97,247
36,239
132,828}
At 31st March 2024
100,658
PROVISIONS
At 1st April 2023
Provision for year
Eliminated on disposal
(423)
{8.712}
{414}
At 31st March 2024
{9,549}
NET BOOK VALUE
At 31st March 2024
110,207
At 31st March 2023
97,670
There were no investment assets outside the UK.
Net gain / (loss) on investments
31.3.24 31.3.23
Realised gain / Iloss) on sale of shares
Unrealised gain on revaluation to market value
44
8,711
{2.5961
1,630
8,755
{966)
Page 27
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
15.
STOCKS
31.3.24
31.3.23
Stocks
263
534
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade debtors
Other debtors
Prepayments and accrued income
22,604
13,733
14,246
10,889
3,949
12,961
50,583
27,799
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade creditors
Social security and other taxes
Other creditors and accruals
Deferred income
24,144
4,512
34,033
177,431
8,787
19,981
29,475
178,464
240,120
236,707
Page 28
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- continued
DEFERRED INCOME
31.3.24
31.3.23
Deferred income at 1st January
Resources deferred in the period
Amount released from previous periods
178,464
177,431
1178,464}
133,363
178,464
{133,3631
Deferred income at 31st December
177.431
178,464
Deferred income comprises the following:
Room hire
Box office sales
Workshops
Mast rental
Toilet scheme
19,480
149.518
4.100
3.333
1,000
25,661
144,029
4,358
3,333
1,083
177,431
178,464
18.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
Building Fund
438.728
266,099
109.039
70.000
617.767
266,099
704,827
109,039
70,000
883,866
Restricted funds
Auditorium Seating Fund
Buildingfund
70,000
170,0001
106.0
106,000
106.000
70.000
(70.000)
106.000
TOTAL FUNDS
810.827
179,039
989,866
Page 29
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
18.
MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows-
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
1,091,622
{991,3381
8,755
109,039
Restricted funds
Auditorium Seating Fund
70,0(M)
70,000
TOTAL FUNDS
1,161,622
{991,3381
8,755
179,039
Comparatives for movement in funds
Net
movement
in funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
Building Fund
358,778
266,099
79.950
438,728
266.099
624,877
79,950
704,827
Restricted funds
Building fund
106,000
106,000
TOTAL FUNDS
730,877
79,950
810,827
Page 30
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
18.
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows-
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
1,011,345
{930,4291
1966}
79,950
TOTAL FUNDS
1.011.345
{930,4291
(966}
79,950
Building fund: A fund to finance future life cycle and enhancement works in accordance with the
agreement between Aldenham Parish Council and The Radlett Centre.
Auditorium seating fund: During the year the company received donations and grants totalling
£70,000 for refurbishment of the auditorium seating. This fund has been fully utilised so has been
transferred to the general fund.
19.
RELATED PARTY DISCLOSURE5
Included in incoming resources are subsidies received from Aldenham Parish Council of £140,00012023:
£120,000). This included £20,000 which was received during the current year for the Community
Infrastructure Levy.
During the year, The Radlett Centre Trust charged Aldenham Parish Council £7,41212023: £17,229) for
rent and maintenance.
£52.244 {2023: £42,434) was payable to Aldenham Parish Council for utilities. Included within creditors
at the year end is an amount of £5,950 (2023: Nil) due to Aldenham Parish Council.
The Council has appointed two trustees to the Company's Board of Trustees.
Page 31
continued...

THE RADLE￿ CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
20.
PENSION COSTS
The Company is a participating employer in the Hertfordshire County Council Pension Local Government
Pension Scheme, a defined benefit scheme which guarantees to provide benefits based on members,
final pay. The contributions are determined by a qualified actuary on the basis of triennial valuations
using the projected unit credit method.
The most recent formal actuarial review of the scheme was at 31 March 2022. The market value of the
scheme's assets at 31 March 2022 was £921.000. The most recent present value of the scheme's
liabilities was £699,000. The latest estimate of the scheme's assets reveals that the present value of the
Company's obligations was less than the fair value of the scheme's assets. However, the resulting
surplus of £222,000 is not recognised as a defined benefit scheme asset as the Company is not able to
recover the surplus either through reduced contributions in the future or through refunds from the
scheme.
The assumptions underlying the valuation for the current and previous year are for a pension increase
rate of 2.7Yo. salary increase rate of 3.2%. long term mortality improvement of 1.5°A and an investment
return of 3.6%.
The pension cost charged to the statement of financial activities was £21,621 {2023: £32,835), which
represents the contributions to the pension fund during the year.
Page 32

The Radlett Centre Trust
l Aldenham Avenue
Radlett
Herts
WD7 8HL
Nagler Simmons
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
Company Registration No.
02913278 (England and Wales)
Charity number:
1037121
Dear Sirs
FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
We confirm that the following representations are made on the basis of enquiries of
management or staff with relevant knowledge or experience, and where appropriate
inspection of relevant documentation, sufficient to satisfy ourselves that we can properly
make each of the following representations to you.
We acknowledge as trustees our responsibility under the Companies Act 2006 and
Charities Act 2011 for preparing the financial statements that give a true and fair view
and for making accurate representations to you as auditors.
l. We confirm that all accounting records have been made available to you for the
purpose of your audit, in accordance with your terms of engagement, and that all the
transactions undertaken by the company have been properly reflected and recorded in
the accounting records. All other records and related information, including minutes of
all management and shareholders, meetings, have been made available to you. We
have given you unrestricted access to persons within the company in order to obtain
audit evidence and have provided any additional information that you have requested
for the purposes of your audit.
2. We confirm that at the year end, there were no contingent liabilities, nor actual or
possible litigation pending against the Trust.
3. We confirm that there were, at no time during the year, any arrangements,
transactions or agreements to provide credit facilities for members of the Board of
Trustees, or to guarantee or provide security for such matters.
4. We confirm that there were no transactions with related parties for disclosure in the
accounts. The list of related parties attached to this letter is a complete list.
5. We confirm that at the balance sheet date, there was no material capital expenditure
authorised, and which therefore needed to be disclosed in the accounts as capital
commitments.
6. It was confirmed that the Board believed that The Radlett Centre Trust would be a
going concern for a period of at least one year from the date on which the accounts
are approved.
7. We confirm that we are not aware of any possible or actual instance of non-
compliance with those laws and regulations which provide a legal framework within
which the charity conducts its business and which are central to the charity's ability to
conduct its business.

8. We confirm that you have discussed objectivity and independence issues related to
the provision of non-audit services, and we accept responsibility for any decisions
taken.
9. We acknowledge our responsibilities for the design and implementation of controls to
prevent and detect fraud. We confirm that we have disclosed to you the results of our
risk assessment of the risk of fraud in the charity.
10.we confirm that there have been no actual or suspected instances of fraud involving
management or employees who have a significant role in internal control or that could
have a material effect on the financial statements. We also confirm that we are not
aware of any allegations of fraud by former employees, regulators or others.
11.The effect of unadjusted misstatements is immaterial, both individually and in
aggregate to the financial statements as a whole. With the exception of depreciation,
there were no unadjusted misstatements other than those considered trivial. The
trustees acknowledge that the rate of depreciation might be too high for certain
assets, and this will be reviewed before the audit next year. No adjustment need be
made to these financial statements, as the overall effect of any adjustment would be
immaterial.
12.we confirm that significant assumptions used by us in making accounting estimates,
including those measured at fair value, are reasonable.
13.we confirm that there have been no events since the balance sheet date which
require disclosing or which would materially affect the amounts in the accounts, other
than those already disclosed or included in the accounts.
14.we confirm that at the balance sheet date, there were no significant bad or doubtful
debts in amounts owing to the trust, and that no material provision was necessary to
account for credit notes raised after the balance sheet date against invoices raised
before that date.
15.we acknowledge our legal responsibilities regarding disclosure of information to you
as auditors and confirm that so far as each trustee is aware, there is no relevant audit
information of which you as auditors are unaware, and that each trustee has taken all
the steps that they ought to have taken as trustee to make themselves aware of any
relevant audit information and to establish that you are aware of that information.
Approved by the Board of Trustees and signed on its behalf on 4 October 2024
I Swain Trustee

The Radlett Centre Trust
Related Parties
Year ended 31 March 2024
Under the Charities SORP {FRS 1021, parties are related when at any time during the financial period
one party has direct or indirect control of the other party. or parties are subject to common control,
or one party has significant influence over the financial and operating policies of the other party.
A trustee who has held office during the year is always considered a related party. Close family
members and members of the same household who may be expected to influence or be influenced
by a related party in their dealings with The Radlett Centre Trust are considered to be related parties
themselves. Key management personnel are also considered to be related parties.
Par
Relationshi
K Curran
R Davis-stollar
W Griffin
N Myerson
I Swain
G Walton
M Jeens
D Alexander
S Wilson
J Graham
M Khawaja
D Wickham
Aldenham Parish Council
G Dexter
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Appoints two trustees
Key management
No family members are expected to influence or be influenced by the trustees in their dealings with
The Trust.