REGISTERED COMPANY NUMBER: 03027092 (England and Wales) REGISTERED CHARITY NUMBER.. 1045514 Trustees, Report and Audited Financial Statements for the Year Ended 31 March 2025 for Centre 81 Limited
Centre 81 Limited Contents of the Financial Statements for the Year Ended 31 March 2025 Page Trustees, Report I to 10 Report of the Independent Auditors 11 to 14 Statement of Flnancial Activities 15 Balance Sheet 16 Cash Flow Statement 17 Notes to the Cash Flow Statement 18 Notes to the Financlal Statements 19 to 32 Detailed Statement of Financial Activitles 33 to 34
Centre 81 Lirnited Trustees, Report for the Year Ended 31 March 2025 The trustees who are also directors of the charify lor the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Objectives and activities Objectives and aims The object of the charity is to promote the welfare of individuals with physical, sensory or other disabilities in any manner which is or hereafter may be deemed by law to be charitable and, in particular, to provide and maintain a centre for the purposes of recreation and other leisure time occupation in the interests of social welfare and with the object of improving their quality of life. Public benefit The background of this report reflects on the work undertaken to secure and convert the charities home, the challenges and risks we face and the services we offer our members and others who benefit from the work we do via our skills and activities centre and/or our community transport service. Centre 81 provides members with the opportunity to challenge both themselves and widely held perceptions about disabled people. Skills and Activities Centre members participate in organi5ing and participating in a wide range of activities both at the centre and in the wider community. Transport for many of our members 15 provided by our fleet of eight fully accessible minibuses and three Wheelchair Accessible Vehicles, which also support traditional community transport activities, such as takin8 people shopping, to medical and other appointrnents. Our service also supports social and leisure opportunities lor our members and those who attend thirty different local clubs and organisations. At Yare House members and staff used two smaller activity areas.. games and dining areas. The larger central activities areas were put on hold at the end of July 2022 as the conversion costs outstripped the available funds. Centre 81 has been operating for more than forty-two years and our success stems from our ability to support individual rnembers on a one-to-one or group basis in the wider community and at our Yare House site. Key to this success is being able to create a community atmosphere that members, volunteers, and staff value, while ensuring that Centre 81 maintains its duty of care. Central to this is the support members receive from their peers. This helps those attending Centre 81 to put their disability into context while learning different ways to manage their disability and their lives. Having access to our own Community Transport Service enables us to create opportunitie5 in the wider commu nity, such as sailing, swimmin8, shopping, theatre and cinema trips, craft markets and garden centres, and our popular party events throughout the year. These are services that our members, carers. and commi55ioners truly value.
Centre 81 Lirnited Trustees, Report for the Year Ended 31 March 2025 Objectives and activities Our goals Ensure Centre 81 is sustainable. Adopt an income strategy focussed on traded income and reducing the reliance on grants and appeals. Ensure Yare House is fully compliant. Optim ise the use of Yare House Effectively manage risk. Deliver the vision for The Hive - a state-of-the-art facility for our members and for the local community to enjoy and benefit from. Ensure that Yare House is fully accessible. Increase membership of skills and activities members. Oevelop Centre 81,5 community tra nsport service to meet the demands of the market. Continue to support student professional placements and apprenticeships. Support, members, staff, and volunteers to access the wide range of opportunities that are available in the wider community. Co-prodvction During mid 2025 we launched the One Voice Group which is made up of our members as stakeholders to the business and charity. The One Voice Group can invite members of staff to their meeting and have representation on the Trustee Board. Centre 81 members are full partners in service design and delivery. Individual achievement and aspirational plans are co-designed with each member and where appropriate with their carers and family members. This principle of individual, bespoke and co-designed pathways reflect the diversity of background and experience of participants. Our provision reaches some of the most marginalised people in our community, locates their development in a practical, working environment and brings substantial benefits to individuals, their communities, and the regional economy. Our facilities In June 2021 we purchased Yare House, a large commercial building consisting of a three-story brick office block, warehouse, workshop, and ancillary rooms set in 1.20 acres. Our planning approval enables us to have extended opening hours and to operate weekends a nd evenings the object is to future proof service delivery. Conversion of Yare House has been designed to offer 1,775.6 sqm of fully accessible ground floor accommodation with specialist facilities to promote independence and inclusion. The principle behind the conversion was to create a fully accessible space and facilities for Centre 81 members 700A of whom are wheelchair dependent - and for the facilitie5 to support a wide range of groups, includinB local clubs and organisations. The office block provides us with up to372 sqm ofgood quality accommodation. The conversion is a three-phase plan. Phase l a nd 3 have been achieved. Phase l. Conversion of the outer 'U' shape wrap around area providing us with key facilities that our members and staff required including main kitchen, members, kitchens, toilets, qulte room, pampering areas including 2 wet rooms, bathroom, and laund ry. 3 activity areas, 2 offices and the reception. Phase 2. The central activity area which will become the main hub of the skills and activities centre, providing mernbers with an open activity space permitting autonomy Df movement and choice and with a refreshed focus on the development of independent living skills alongside the recreation and leisure activities we have always traditionally provided. Phase 3. The external site will provide seating, a 88Q are3 Wlth raised beds and marked car and bus parking spaces. Perimeter hedging will be extended to reduce road noise, increase privacy for our members and create a green oasis in an industrial estate.
Centre 81 Lirnited Trustees, Report for the Year Ended 31 March 2025 Strategic report Achievements and performance Ski115 and Activities Centre During the year, the Skills and Activities Centre experienced a reduction in membership levels. From March 2025 we have experienced an overall increase of 19.42% in the number of sessions delivered. We have seen a 40Yo increase in the number of private sessions commissioned by individuals and their families d irectly with Centre 81. Overall, the complexity of needs we are meeting to support members has increased with a 20Yo increase in members funded bv Commu nity Health Care and a 22Yo increase in those funded by Adult Social Care. Community Transport Service Centre 81 is fortunate in having its own Community Transport Service. This supports.. Skills a nd Activities Centre members. Without access to our 'symbiotic' fully accessible Community Transport Service, they would not be able to enjoy such a wide range of activities across the borough and beyond. This service has seen a 26/0 increase in demand starting to build in January 2025. To manage costs, we have taken our older minibuses off the road and replaced these with wheelchair accessible vehicles and 2 minibuses on lease arrangements. Lease arrangements help us control the financial risk that an ageing fleet was creating and is working well for Centre 81. Our Community Transport Service members who use our buses for a wide range of reasons, including getting to medical appointments, supermarkets or local shops, hairdressers and Norfolk and Suffolk tourist attractions. One of the most successful trips is an outinB on the Waveney Stardust a Broads cruiser with a picnic or pub lunch. Great Yarmauth residents who enjoy the valuable support of local clubs and societies that operate within the borough. Personnel, volunteer, and local support The Board of Trustees wishes to record it5 thanks and appreciation to Centre 81's staff, volunteers and members, and they are grateful too for the high level of support the charity receives from other individuals, businesses, and organisations throughout the year. Centre 81's staffing structure is flat with minimal management and support Staff. Our priority is to ensure that staff resources are deployed lo support our rnembers in Skills and Activities and Community Transport. We employ: 51 staff 26.75 FTE 154 2023 2024 32.42 FTEI The split of staff by area is: Executive team 4 -3.75 FTE staff 14 FTE 2023 - 20241 Facilitation 21- 12.5 FTE 113.68 FTE 2023 - 20241 Drivers 17- 5.5 FTE 19.4 FTE 2023 20241 Catering 2-2FTE 12 FTE- 2023- 20241 Support 7- 3.5FTE 13.34 FTE 2023 20241 Further support is given to Centre 81 by 6 volunteer5 throughout the centre and 9 trustees. Volunteers are involved in all aspects of service delivery. When volunteers start, they are encouraged to think about what they would like to achieve at Centre 81 and what they can offer, a personal development plan is developed from this. We have moved more to SUPPOrting volunteers to move closer to work in the recent past and this is an important part of our function. Volunteer5 are encouraged to gain agreed qualifications in line with their Individual Achievement and Volunteering plan.
Centre 81 Limited Trustees, Report for the Year Ended 31 March 2025 Strategic report Financlal review Personal, volunteer, and local support As our volunteers, confidence and abilities develop, they are encouraged to try out different roles and gain wider experience. The success of this approach is proven a5 severa I volunteers have secured paid employment within Centre 81 or volunteering opportunitie5 Wlth other organisations. Fixed assets Our fixed assets at the end of March 2025 are: Yare House, freehold purchased outright and all fixtures and fittings. At the time of writing, a Chartered Surveyor has been commissioned to value Yare House for insurance purposes. Converted shipping container for office andlor storage. 8 fully accessible minibuses and their allocation of Safety equipment. 2 mobil ity cars. Financial position The results of Centre 81 activities over the year are set out in detail on the following pages and we show an profit of £102,874. In January 2025 we implemented a new income strategy focused on shifting to traded income and away from a reliance on appeals and fundraising from charitable trusts. We saw a decline in demand and an increase in throughput in Autumn 2024 as well as the pressures relating to an ageing fleet resulting in a challenging cash flow situation by the end of the 2024 calendar year. We refreshed our marketing and promotional materials and started to see an upturn in referrals by the end of the financial year. The cashflow situation for most of 2024125 meant that no repayments had been made to Norfolk County Council for the commercial mortgage agreed in 2022 and meeting our liabilities in this regard is a key focus for the coming financial year 202S-26. The uplift for the public sector works was 5.90A announced in March 2025. The Local Authority as the main customer of Centre 81 services has proposed, for the fourth year running a below inflation uplift offer leaving providers across the whole sector, to fill the gap. To deal with this increasingly difficult financial posltion, the Centre 81 Trustee5 took the decision to place the office block on the market in January 2025. The office block was valued at £1,000,000 and its sale would give the Charity a way lo meet the liabilities of the commercial loan agreed in 2022 and to deliver the vision of the new skills and activities centre long promised to Centre 81 members and staff. Financial review Work u ndertaken on understanding our full-cost recovery position ha5 produced for the trustees and executive a clear picture of income and expenditure. The trustees recognise the importance of maintaining careful management of our finances and that they must deliver recurring and increased surpluses to boost the charity's reserves. Yare House pu rchased by Centre 81 for £425k, was ideal, but it needed a great deal of work. Phase One is finished, but to make the most of the enormous amount of space we have available - and the enormous potential of Centre 81 we musl complete Phase Two. Funding Bpplications have been subm itted to.. Geoff rey Watling Charity £25k. Committed National Lottery Reaching Communitie5 £IOOk. Committed National Lottery Reaching Communities £50k revenue fu nding. Cornmitted Cornmun ity Ownership Fund £300k - Unsuccessful.
Centre 81 Limited Trustees. Report for the Year Ended 31 March 2025 Strategic report Future financial planning and sustainabilitv Our ambition is to improve the charity's resilience by achieving year-end positive figures and three months reserves. Shift to traded income for all revenue (corel costs. Maximise utilisation. Raising funds to conduct Phase Two conversion work. lrnplement our marketing strategy. Increase membership and levels of income. Attract ind ividual and corporate sponsorship. Utilise the volume of office accommodation by renting this to charities and not for profit organisations. Maximize our performance as a landlord. Develop three-month reserves. We already have three tenants in our office building and active conversations with a local charity over some of the vacant space.. l. East Coast Community Health lan NHS CICI occupies the whole of the first floor under a 5-year lease.1212 square metresl 2. Norse Waste Solutions occupy rooms on the second floor190 square rnetresl 3. Grapevine Talking Newspaper occupies rooms on the second floor128 square metresl 4. Centre 81 occupies 1329 square metres. 5. Active conversations with the local charity for 107 square metres The central warehouse, which will become Centre 81 new Skills and Activities Centre, remains a void space and measures 825 square metres. To meet its ful I potential in supporting the community, and in reaching a position of financial security, Centre 81 must complete the second phase of the redevelopment of Yare House. With the support of key funders, the executive and trustees are confident that the charity will continue to provide essential services for d isabled people and their families we11 into the future. Yare House investment Phase I ha5 been completed this year, it has been a difficult process to ensu re the building is fully complaint and to pick up the elements of the works left unfinished when funding ran out. Planning permission is completed. Charity 81 was successful in a significant energy efficiency grant of £136,060. This has seen 96 high specification solar panels installed on the roof, LED lighting in The Hive, reproofing of the window seals and draft proofing of external doors. £10,600 of the grant was not awarded as it could only be spent on work5 identified by the external and independent energy a55essor. The LED lighting needed a suspended ceiling to be fitted into and thanks to the National Lottery we managed to open the £IOO,000 grant and spent £17,000 of this on a ceiling. The solar panels, inverters, and batteries were switched on 14th February and the charity has seen large savings in energy costs since that date. Phase 2 of the Yare House conversion relates to the delivery of the vision for The Hive. With £83,000 committed capital costs and £50,000 revenue costs from the National Lottery Reaching Communities Fund, the focu5 is on the find the match funding and the remainder of the shortfall, in total £120,680.30. There are active conversations ongoing with prospective capital funders. Going concern After making appropriate enquiries, the trustees have a reasonable expectation that Centre 81 has adequate resou rces to continue its operational existence for the foreseeable future. For this reason, we continue to adopt the going concern basis in preparing the financial statements.
Centre 81 Lirnited Trustees, Report for the Year Ended 31 March 2025 Strategic report Futuie plans- finance We recognise the need to maintain a high level of financial scrutiny, to continue to improve our financial position and ou r level of free reserves. We will continue to seek to attract grants from charitable trusts and foundations for both revenue and capital expenditure. Community Transport Service Replace the unsupported logistic and journey planning software. Continue to improve on efficiency levels regarding number of passengers per journey while maintainin8 ovr health and safety maximum level of two wheelchair5 per journey. Reach out to residents living in the Borough of Great Yarmouth who are lonely, isolated and do not feel part of their local community. Develop closer relationships with local clubs and societies, providing transport to their members and increasing the viability of their organisations. Promote our service to those who are denied volunteering opportunities due to lack of transport. Investigate how we can form close working relationships with IPUH discharge coord inators to facilitate more timely discharges and reduce waiting tirnes for transport to get someone home after outpatient or inpatient treatment. Structure, Governance and management Governing document The company registered with the Charity Commission 10455 14 on the 01 April 1995. The company is registered as a company limited by guarantee Icharily no 030270921 and was set up by a MemDrandum of AsSOCl3tion on 28 February 1995, as amended 26 March 1997 and subsequently amended by special resolution{sl dated 23 April 2014, 16 july 2014, and 9 December 201S. Recruitment and appolntment of new trustees The Board of Trustees has absolute discretion to appoint and remove trustees but may delegate this or any of their powers lo a committee consisting of one or more trustee5 and such other persons not being trustees co-opted onto such a committee as the trustee5 think fit. The Board of Trustees when complete conslsts of at least nine and no more than fifteen person5, being individuals over the age of 18, all of whom must 5UPPOrt the objects. The charity airns to have enough trustees with sufficient relevant expertise and knowledge to ensure the probity, financial security, and success appropriate to the aims of Centre 81 Limited. Chief Executive Diana Staines M BE left the organisation in December 2024 and Alison Holmes joined Centre 81 as Chief Executive on 4th November, 2024. Alison comes from the regulated care sector where she worked as Director level for 12 years. Organisational structure The trustees are directors within the meaning of the Companie5 Act 2006. The trustees at the date of this report are listed in the ' Reference and Administrative Details, section of this document. The day-to-day running of Centre 81 has been delegated by the trustees to the chief executive. The trustees meet 10 times a year on the third Wednesday of each month. The charity has set up a project working group to oversee the conversion of our new premises and comprises three trustees and the chief executive. They call on the expertise of their building and construction advisor, quantity surveyor and our appointed architects. This group meets monthly and more frequently as the project demands.
Centre 81 Limited Trustees. Report for the Year Ended 31 March 2025 Strategic report Organisational operation structure: Centre 81 has a flat management structure which works well. It is recognised that the structure would need to be developed to cope with an increase in size, membership and service diversification including the continued effective support of Staff and volunteers. Induction and training of new trustees Potential trustees are invited to visit Ceritre 81, meet members and staff and discuss their potential role with the chief executive. They attend a trustee's board meeting as an observer. If both Centre 81 and the potential trustees consider that they a re a good fit, the next Stage is to undertake various checks to establish their fitness to function as a trustee. This includes DBS and Company House verification. Risk management The trustees acknowledge the Charity Commission's recommendation for them to undertake a review of the major risks to wh ich the trust is exposed. This register is maintained by the chief executive and key risk5 and exceptions are reported to the trustees at their monthly board meetings. Centre 81 has the required employer and professional indemnity insurance in place to mitigate any risk to the organisation. It also has a specific policy to cover trustees and professional liability as well as a comprehensive vehicle motor policy for the Community Transport Service. Structure, governance and management Governing document The charity is controlled by its governing docvment, a deed of trust, and constitutes a limited company, limited bv guarantee, as defined by the Companies Act 2006. The company registered with the Charity Commission 1045514 on the 01 April 1995 The company is registered as a company limited by guarantee (charity no 030270921 and was set up by a Memorandum of Association on 28 February 1995, as amended 26 March 1997 and subsequently amended by special resolutionlsl dated 23 April 2014, 16 July 2014 and 9 December 2015. Recruitment and appointment of new trustees The Board of Trustees has ab501ute discretion to appoint and remove trustees but may delegate this or any of their powers to a committee consisting of one or more trustees and such other persons not being trustees co-opted onto such a committee as the trustees think fit. The Board of Trustees when complete consists of at least nine and no more than fifteen persons, being individuals over the age of 18, all of whom rnust support the objects. The charity aims to have enough trustees with sufficient relevant expertise and knowledge to ensure the probity, financial security and success appropriate to the airn5 of Centre 81 Lim ited. Structure, Governance and management Organisational structure The tru stees are directors within the meaning of the Companies Act 2006. The trustees at the date of this report are listed in the 'Reference and Administrative Details, section of this document. The day-to-day running of Centre 81 has been delegated by the trustees to the chief executive. The trustees meet 12 times a year on the third Wednesday of each month. The charity has set up a project working group to oversee the conversion of our new premises and comprises three trustees and the chief executive. They call on the expertise of their building and construction advisor, quantity surveyor and our appointed architects. This group meets rnonthly and more freq uently as the project demands.
Centre 81 Lirnited Trustees. Report for the Year Ended 31 March 2025 Structure, governance and management Organisational structure Centre 81 has a flat management structure which works well. It 15 recognised that the structure would need to be developed to cope with an increase in size, membership and Service diversification including the continued effective support of staff and volunteers. Induction and training of new trustees Potential trustees are invited to visit Centre 81, meet members and staff and disCUSS their potential role with the chief executive. They attend a trustees board meeting as an observer. If both Centre 81 and the potential trustees consider that they are a good f it, the next stage is to undertake various checks to esloblish their fitness to act as a trustee. This includes DBS and Company House verification. Risk management The trustees acknowledge the Charity Commission's recommendation for them to undertake a review of the major risks to which the trust 15 exposed. This register is maintained by the chief executive and exceptions are reported to the trustees at their monthly board meetings. Centre 81 ha5 the required employer and professional indemnity insurance in place to mitigate any risk to the organisation. It also has a specific policy to cover trustees and professional liability as well as a comprehensive vehicle motor policy for the Community Tra nsport Service. Reference and administrative details Registered Company number 03027092 IEn8land and Walesl Registered Charlty number 1045514 Registered office Yare House Morton Peto Road Great Yarmouth Norfol k NR31 OLT Trustees Mr S C Scott I resi8ned 717120251 Mr K R lermyn Mrl Burton (resigned 314120251 Mr I Solomon MrlPWood Dr S D Peacock Mr R Caley (appointed 314120251 Mrs J L Jones lappointed 21/9120241 Mrs C L McQueen (appointed 15110120241
Centre 81 Limited Trustees. Report for the Year Ended 31 March 2025 Reference and administrative details Auditors Stephenson Smart (East Anglial Limited Statutory Auditor East Coast House Galahad Road Gorleston Great Yarmouth Norfolk NR317RU Statement of trustees. responsibilities The trustees (who are also the directors of Centre 81 Li mited for the purposes of company lawl are responsible for preparing the Trustee5' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice) including Financial Reportin8 Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the trustee5 must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of re50urce5, including the income and expenditure, of the charitable company for that period. In preparing those financial stalernents, the trustees are required to select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP,. rnake judgements and estimates that are reasonable and prudent,. slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basi5 unless it 15 inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting record5 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 Companie5 Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so farasthe trustees are aware.. there is no relevant audit information of which the charitable company's auditors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselve5 aware of any relevant audit information and to establish that the auditors are aware of that information. Auditors The auditors. Stephenson Smart (East Anglial Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Centre 81 Limited Trustees, Report for the Year Ended 31 March 2025 Trustees, report, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 17 December 2025 and signed on the board's behalf by.. DR S D Peacock - Trustee 10
Report of the Independent Auditors to the Mernbers of Centre 81 Limited Opinion We have audited the financial statements of Centre 81 Limited Ithe 'charitable company'l for the year ended 31 March 2025 which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement, Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies, and Detailed Statements of Financial Activities. The financial reporting framework that has been applied in their preparation is applicable law and U nited Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 31 March 2025 and of its incomin8 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, including Financial Reporting Standard 102 'The Financial Reporting Standa rd applicable in the UK and Republic of Ireland,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing l UK) IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor5, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical req uirernents 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 responsibilities in accordance with these requ irements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditin8 the financial statement, we have concluded that the trustees, use of going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed we have identified material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statement 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. The balance sheet is showing net current liabilities totalling £54,959 with £51,913 for the year ended 31 March 2024. Long term liabilities includes a loan from an external loan facility which we have been unable to agree with the loan provider although supporting evidence we have gathered has not indicated misstatement. Material uncertainty related to going concern We draw attention to note l in the financial statements, which indicates that the charity had net current liabilities at the year end and is reliant on the continued support of an external loan facility to meet its obligations a5 they fall due. As stated in note I, these conditions indicate that a material uncertainly exists that may cast significant doubt on the charity's ability to continue as a going concern. Our opiniDn is not modified in respect of this matter. 11
Report of the Independent Auditors to the Members of Centre 81 Lirnited Other information The tru51ees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditor5 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 appear5 to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a rnaterial misstatement of this other information, we are required lo report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the a udit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to vou if, in ouropinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements a re not in agreement with the accounting records and returns; or certain disclosu res of trustee5' remuneration specified by law are not made,. 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 financial 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 using the going concern basis of accou nting u nless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 12
Report of the Independent Auditors to the Members of Centre 81 Lirnited Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the f inancial statements as a whole are free from materia I misstaternent, 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 IUKI will always detect a material misstatement when it exists. Mi55tatements 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 financi31 staternents. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.. We considered, based on our knowledge of the trading environment and structure of the company, areas in which the threat of material misstatement exists concerning irregularity. Irregularities, including fraud, were considered at length throughout our audit fieldwork and a5 part of our communications both with the chief executive, trustees and within the auditteam. We have reviewed the company's policies in adhering to laws and regulations, health and safety, and GDPR, and have identified where non-compliance could materially affect the financial statements, and the extent to which irregularities could impact the financial statements vary considerably throughout. The company is subject to regulation that directly affect5 the financial statement5, in areas such as company laws, which has been assessed d uring the course of the audit when auditing the related financial items. The company is also subject to regulations that, in instances of non-compliance, would have a material impact on balances or disclosures within the financial statements, such as fines, penalties, claims and interest. The limited procedures required to be undertaken as contained within the auditin8 standards did not identify any areas of non-compliance. Owing to inherent limitations of an audit, there is an unavoidable risk that we may not have detected all material misstatements within the financial statements. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with 311 laws and regulations. A further description of our responsibilitie5 for the audit of the financial statements is located on the Financial Reporti ng Cou ncil's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Other matters Comparative information in the financial statements is derived from the charitable company's prior period financial statements, which were not audited but independently examined, based on the tu rnover not exceeding the charitable company turnover audit threshold of £1,000,000. Substantive testing has been carried out around opening balances to ensu re no material rnissratement brought forward. Tangible assets are valued at £1,708,236 in the accounts and from our testing of asset existence we tested a sample of £1,358.465. Tangible assets are largely made up of land and buildings, which is valued at the original cost plus associated costs. 13
Report of the Independent Auditors to the Members of Centre 81 Lirnited Use of our report This report 15 made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Compa nies Act 2006. Ou r audit work has been undertaken so that we might state to the charitable company's members 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 cornpany and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Henry Pettitt FCA CTA1Senior Statutory Auditor) for and on behalf of Stephenson Smart (East Anglial Limited statutory Auditor East Coast House Galahad Road Gorleston Great Yarmouth Norfolk NR317RU 17 December 2025 14
Centre 81 Lirnited Statement of Financial Activities for the Year Ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Notes Income and endowments from Donations and legacies 84,522 218,892 303,414 130,086 Charitable activities General charitable activities 795,715 795,715 753,113 Other trad ing activities Other income 58 60,350 58 60,350 14,901 Total 940,645 218,892 1,159,537 898,100 Expenditure on Raising funds 15,165 15,165 9,795 Charitable activities Skills and activities Catering Community transport Governance costs 596,118 54,117 297,931 39,085 15,447 611,565 54,117 336,731 39,085 532,028 49,667 304,347 35,113 38,800 Total 1,002,416 54,247 1,056,663 930,950 NET INCOMEIIEXPENDITUREI Transfers between funds Other reco8nised gainslllossesl Gain5 on revaluation of fixed assets 161,7711 145,201 164,645 1145,2011 102,874 132,850) 21 298,506 298,506 Net movement in funds 381,936 19,444 401,380 132,8501 Reconciliation of funds Total lu nds brought forward 1,481,354 10,686 1,492,040 1,524,890 Total funds carried forward 1,863,290 30,130 1,893,420 1,492,040 The notes form part of these financial statements 15
Centre 81 Lirnited Balance Sheet 31 March 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Notes Fixed assets Intangible assets Tangible assets Investment property 13 14 15 1,024 1,708,239 542,450 1,024 1,708,239 542,450 1,847,287 2,251,713 2,251,713 1,847,287 Current assets Debtors Cash at bank 16 48,670 75,851 48,670 105,981 91,431 12,597 30,130 124,521 30,130 154,651 104,028 Creditors Amounts fallin8 due within one year 17 1209,6101 1209,6101 1155,9411 Net current Iliabllitiesllassets 185,0891 30,130 154,9591 151,9131 Total a55ets less current liabilities 2,166,624 30,130 2,196,754 1,795,374 Creditors Arnounts falling due after more than one year 18 1303,3341 1303,3341 1303,3341 NET ASSETS 1,863,290 30,130 1,893,420 1,492,040 Funds Unrestricted f unds Restricted funds 21 1,863,290 30,130 1,481,354 10,686 Total f unds 1,893,420 1,492,040 The financial statements were approved by the Board of Trustee5 and authorised for issue on 17 December 2025 and were signed on its behalf by: DR S D Peacock- Trustee The notes form part of these financial statements 16
Centre 81 Limited Cash Flow Statement for the Year Ended 31 March 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operations 222.399 19,7971 Net cash provided by/lused inl operating activities 222,399 19,7971 Cash flows from investing activities Purchase of intangible fixed asset5 Purchase of tangible fixed assets Sale of intangible fixed assets Sale of tan8ible fixed assets 11,5001 1167,1151 14,1901 280 39,600 Net cash used in investing activities 1129,0151 13,9101 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reportin8 perlod 93,384 113,7071 12,597 26,304 Cash and cash equivalents at the end of the reporting period 105,981 12,597 The notes form part of these financial statements 17
Centre 81 Limited Notes to the Cash Flow Statement for the Year Ended 31 March 2025 Reconciliation of net incomellexpenditurel to net cash f low from operating activities 2025 2024 Net income/lexpenditurel for the reporting period las per the Statement of Financial Activities) Adjustments for: Depreciation charges Loss/lprofitl on disposal of fixed assets Decrease/lincreasel in debtors Increase in creditors 102,874 132,8501 9,763 13,333 42,761 53,668 22,028 12801 119,1951 20,500 Net cash provided byllused in) operations 222,399 19,7971 Analysis of changes in net debt At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank 12,597 93,384 105,981 12,597 93,384 105,981 Debt Debts falling due within I year Debts falling due after l year 121,6671 1303,3341 121,6671 1303,3341 1325,0011 1325,0011 Total 1312,4041 93,384 1219,0201 The notes form part of these financial statements 18
Centre 81 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 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 IFRS 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 IFRS 1021 (effective l 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 statement5 have been prepared u nder the historical cost convention, as modified by the revaluation of certain assets. Income All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income:. Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Donations and grants that are provided with restrictions attached are accounted for as restricted income and presented separately. Donations or grants without restrictions or provided for general operations of Centre 81 are considered as unrestricted. Income from contracts for the supply of services is recogni5ed with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Income from catering is recognised once the charity has entitlement to the income, it is probable that income wil I be received and the amount of income received can be measured reliably. Typically, on the provision of catering services provided to members on the day of receipt. Income f rom skills and activities is recognised once the charity has entitlement to the income, it is probable that income will be received and the amount of income received can be measured reliably. Rental income is recognised upon invoice to the customer, it is probable that income will be received and the amount of income received can be measured reliably. Rental income is recorded on an accruals basis for the period it Is let. Expenditure Liabilities are recognised as expenditure as soon a5 there is a legal or constructive obligation committing the charity to that expenditure, It is probable that a transfer of economic benefits will be required in settlement and the amou nt of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and ha5 been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basi5 con51Stent with the use of resources. Expenditure is categori5ed as restricted if it meets the criteria of one or more restrictions from a restricted donation or grant. 19
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Accounting policies - continued Website Website costs are initially recorded at cost, subsequently stated at cost less any accumulated amortisation. Amortisation is calculated 50 as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:_ Website 5 years Tangible fixed assets Tan8ible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated éepreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairrnent losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the ca rrying amount of a n asset as a result of revaluation, is recogni5ed in other comprehensive income to the extent of any previously recognised revaluation increase accumu lated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation is calculated so a5 to write off the cost or valuation ol an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings Motor vehicles -3-15 years straight line 2-10 years Freehold property and land are not depreciated. Investment property Investment property Is shown at fair valve. Any aggregates surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. Taxation The charity is exempt from corporation tax on its charitable activities. Fu nd accounting Unrestricted f unds 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 fu nd5 are raised for particular restricted purposes. Designated fund5 are unrestricted funds earrnarked by the trustees for a particular future project or commitment. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable cornpany's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 20
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Accounting policies - continued Cash and cash equivalents Cash and cash equivalents in the accounts comprises of cash at bank and in hand as at the balance sheet date. Going concern The financial statements have been prepared on the going concern basis. In assessing whether the charity is able to continue as a going concern, the trustees have considered the cha rity's financial position, including its level of net current liabilities of £54,959 12024 '.1£51,9131, cashflow forecasts for a period of at least twelve months from the date of approval of theses financial statement5, and anticipated income and expenditure. The trustees have also considered the charity's reliance on an external loan facility to support its on80ing operations. The loan is repayable in accordance with renegotiated agreed terms, and the trustees have reviewed the charity's ability to comply with these terms and to meet its obligations as they fall due. The trustees acknowledge that the charity's ability to continue as a going concern is dependent on maintaining access to the external loan facility. While this represents a material uncertainty, the trustees believe the cha rity will be able to meet its obligations as they fall due. In making this assessment, the trustees have taken into account the availability of unrestricted funds, the limited level of reserves held, and the charity's plans for managing its financial resources, iricludin8 Cost controls and income generation. Based on this review, and having regard to the charitV'5 net current liabilities positior) and continued access to external financing, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the trustees continue to adopt the going concern basis in preparing the financial statements. Crltical accounting judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that effect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectation of f uture events that are believed to be reasonable under the circumstances. Key estimations and judgements are utilised for the following:_ Amort15ation - management asses5 the usefu l economic life of the website in order to calculate an appropriate amortisation rate. Management assessment is based ori their understa nding of typical useful economic life of websites and when they anticipate to incur additional expense to replace or update the website. Depreciation depreciation is reviewed by management using the useful economic life of assets stated within the financial statements and comparative sources of information to a55ess the carrying value stated at the balance sheet date. Investment properties valuation of investment property has been calculated by management and based upon the square footage of the premises which has been rented out. 21
Centre 81 Lirnited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Donations and legacies 2025 2024 Donations Grants 35,392 268,022 19,164 110,922 303,414 130,086 Grants received, included in the above are as follows.. 2025 2024 National Lottery Groundworks Other grants 49,509 118,796 110 919 110,919 268 023 Other trading activities 2025 2024 Fundra ising events 58 Income from charitable activities 2025 2024 Artivity General charitable activities General charitable activities General charitable activitie5 General charitable activities Community transport Skil Is and activities income Caterin8 Tea bar 150,785 613,423 22,908 8,999 145,156 577,808 21,459 8,690 795,715 753,113 22
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Raising funds Raising donations and legacies 2025 2024 Funéraising expenditure 15,165 9,795 Charitable activities costs Support costs (see note 81 Direct Costs Totals Skills and activitie5 Catering Community transport Governance costs 611.565 54, 117 336,731 27,735 611,565 54,117 336,731 39,085 11,350 1,030,148 11,350 1,041,498 Support costs Governance costs Governance costs 11,350 Net incomellexpenditurel Net incomellexpenditurel 15 Stated after charging/lcreditingl: 2025 2024 Auditors, remuneration Independent examination Depreciation - owned assets IDeficitl/surplus on disposal of fixed assets Website amortisation 9,000 7,355 22,028 12801 9,286 13,333 476 23
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 io. 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 Trustees received £nil12024 .. £nill for expenses incurred during the year. Key Management Key management personnel during the year consisted of Chief Executive, Skills and Activities manager, Finance Off icer and a Community manager establishing a balanced executive team. The total employment benefits lincludin8 employer pension contributions) for key rnanagement personal were £171,214 12024 .. £159,974). ii. Staff costs 2025 2024 Wages and salaries Social security costs other pension costs 715,747 37,521 17,827 652,607 30,358 15,566 771,095 698,531 The average monthly number of employees during the year was as follows.. 2025 2024 Catering Community transport Management Skills & activities 5uppDrt 17 19 21 23 50 54 No employees received eTnoluments in excess of £60,000. 24
Centre 81 Limited Notes to the Financial Staternents - continued for the Year Ended 31 March 2025 12. Comparatives for the statement of financial activities Unrestricted funds Restricted funds Total funds Income and endowments from Donations and legacies 85,296 44,790 130,086 Charitable activities General charitable activities 753,113 753,113 Other income 14,901 14,901 Total 853,3 10 44,790 898,100 Expenditure on Raisin8 funds 9,795 9,795 Charltable activities Skills and activities Catering Community transport Governance costs 526,948 49,667 266,376 35,113 5,083 530,028 49,667 304,347 35,113 37,971 Total 887,896 43,054 930,950 NET INCOME/IEXPENDITUREI Transfers between funds 134,5861 28,986 1,736 128,9861 132,8501 Net movement In funds 15,6001 127,2501 132,8501 Reconciliation of funds Total funds brought forward 1,486,954 37,936 1,524.890 Total f unds carried forward 1,481,354 10,686 1,492,040 25
Centre 81 Limited Note5 to the Financial Statements - continued for the Year Ended 31 March 2025 13. Intangible fixed asset5 Website Cost Add itions 1,500 Amortisation Charge for year 476 Net book value At 31 March 2025 1,024 At 31 March 2024 14. Tan8ible flxed assets Fixture5 and fittings Freehold property Motor vehicles Totals Cost Al l April 2024 Additions Disp05als Reclassification 1,759,805 155,529 75,866 2,879 173,254 8,707 198,0111 2,008,925 167,115 198,0111 1243,9441 1243,9441 At 31 March 2025 1,671,390 78,745 83,950 1,834,085 Depreciation At l April 2024 Cha rge for year Cha rge written back 45,483 7,245 116, 155 2,041 145,0781 161,638 9,286 145,0781 At 31 March 2025 52,728 73,118 125,846 Net book value At 31 March 2025 1,671,390 26,017 10,832 1,708,239 At 31 March 2024 1,759,805 30,383 57,099 1,847,287 26
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 15. Investment property Fair value Revaluation Reclassification 298,506 243,944 At 31 March 2025 542,450 Net book value At 31 March 2025 542,450 At 31 March 2024 Fair value at 31 March 2025 is represented by-. Valuation in 2025 542,450 16. Debtors: amounts falling due within one year 2025 2024 Trade debtors Other debtors VAT Prepayments 14,725 130 1,270 32,545 60,801 2,393 28,237 48,670 91,431 17. Creditors: amounts falling due within one year 2025 2024 Bank loans and overdrafts (see note 191 Trade creditors Social security and other taxes Other creditors Accrued expenses 21,667 27,157 11,167 41,004 108,615 21,667 38,634 16,050 23,562 56,028 209,610 155,941 Loa ns are secured by a sundry charge over the freehold property. 27
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 18. Creditors: amounts falling due after more than one year 2025 2024 Bank loans15ee note 191 303,334 303,334 Loa ns are secured by a sundry charge over the freehold property. 19. Loans An analysis of the maturity of loans is given below.. 2025 2024 Amounts falling due within one year on demand.. Loa ns 21,667 21,667 Amounts falling due between two and five years.. Loa ns 86,667 86,667 Amounts falling due in more than five years.. Repaya ble by instalments: Loan5 216,667 216,667 20. Leasing agreements Minimum lease payments u nder non-cancellable operating leases fall due as follow5.' 2025 2024 Within one year Between one and five years 17,793 31,487 2,516 49,280 2,516 28
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 21. Movement in funds Net Transfers between funds movement infunds At 1.4.24 At 31.3.25 Unrestricted funds General fund 1,481,354 236,735 145,201 1,863,290 Restricted funds New Centre 81 Skills a nd activities Community transport 132,935 12,943 18,767 1132,9351 112,2661 10,686 11,363 18,767 10,686 164,645 1145,2011 30,130 TOTAL FUNDS 1,492,040 401,380 1,893,420 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in fund5 Unrestricted funds General fund 940,645 11,002,4161 298,506 236,735 Restricted fund5 New Centre 81 Skills and activities Community transport 135,805 25,520 57,567 12,8701 112,5771 138,8001 132,935 12,943 18,767 218,892 154,2471 164,645 TOTAL FUNDS 1,159,537 11,056,663) 298,506 401,380 29
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 21. Movement in fund5- continued Comparatives for movement in funds Net movement infunds Transfer5 between funds At 1.4.23 At 31.3.24 Unrestricted funds General fund 1,486,954 134,5861 28,986 1,481,354 Restricted funds New Centre 81 Skills and activities 23,486 14,450 123,4861 15,5001 1,736 10,686 37,936 1,736 128,9861 10,686 TOTAL FUNDS 1,524,890 132,8501 1,492,040 Comparative net Movement i n f unds, included in the above are as follows.. Incorning resources Resources expended Movement in funds Unrestricted funds General fund 853,310 1887,8961 134,5861 Restricted funds Skills a nd activities Community transport 6,819 37,971 15,0831 137,9711 1,736 44,790 143,0541 1,736 TOTAL FUNDS 898,100 1930,9501 132,8501 30
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 21. Movement in funds- continued A current year 12 rnonths and prior year 12 months combined position is as follows.. Transfers between funds Net movement in funds At 1.4.23 At 31.3.25 Unrestricted funds General fund 1,486,954 202,149 174,187 1,863,290 Restricted funds Newcentre 81 Skil Is and activities Community transport 23,486 14,450 132,935 14,679 18,767 1156,42 11 117,7661 11,363 18,767 37,936 166,381 1174,1871 30,130 TOTAL FUNDS 1,524,890 368,530 1,893,420 A current year 12 month5 and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund 1,793,955 11,890,312) 298,506 202,149 Restricted funds New Centre 81 Skills and activities Community transport 135,805 32,339 95,538 12,8701 117,6601 176,7711 132,935 14,679 18,767 263,682 197,3011 166,381 TOTAL FUNDS 2,057,637 11,987,613) 298,506 368,530 New Centre 81- funds held to be put towards the purchase and renovation of the building used by the charity. Awards for All funds held to purchase equiprnent and training for use of equipment. Skills and Activities Grants funding Support for running the skills and activities centre for the members. Community Transport Grants - funding Support for running the community transport services for member5. TRANSFERS BETWEEN FUNDS Transfers between funds represent: 31
Centre 81 Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 21. Movement in funds- continued The transfer of restricted funds used to purchase capital items on which there is no ongoing restriction. The transfer of funds which have been released to unrestricted funds by funders, and The transfer of general funds where restricted funds were not sufficient to cover the project costs in full. 22. Related party disclosures Sorne of the Trustees are also members of Centre 81 Limited and accordingly enjoy the same facilities, on the same basis as other members. One of the trustees partner is employed by Centre 81 Limited in the canteen at market rate. During the year Centre 81 Limited purchased goods and services from TMS Media Limited on normal commercial terms amounting to El,68512024 £4731. TMS Media Limited is jointly controlled by S Scott, a trustee of Centre 81 Limited. During the year two of the trustees lent Centre 81 Limited £40,000 in total, interest free, the loans were still outstanding at 31 March 2025. 32
Centre 81 Limited Detailed Statement of Financial Activities for the Year Ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Income and endowments Donations and legacies Donations Grants 35,392 49,130 35,392 268,022 19,164 110,922 218,892 84,522 218,892 303,414 130,086 Other trading activities Fundraisin8 events 58 58 Charitable activities Community transport Skills and activities income Catering Tea bar 150,785 613,423 22,508 8,999 150,785 613,423 22,508 8,999 145,156 577,808 21,459 8,690 795,715 795,715 753, 113 Other incorne Bank interest Insurance i ncome Other income Rental income 177 266 237 59,670 177 266 237 59,670 116 1,378 13,407 60,350 60,350 14,901 Total incornin8 resources 940,645 218,892 1,159,537 898,100 Expenditure Raising donations and legacies Fundraising expenditure 15,165 15,165 9,795 Charitable activities Wages Social securitv Pensions Sundries Non recoverable VAT Carried forwa rd 703,955 37,521 17,827 180,551 12,951 952,805 11,792 715,747 37,521 17,827 223,006 12,951 1,007,052 652,607 30,358 15,566 176,391 13,955 888,877 42,455 54,247 This page does not form part of the statutory financial statements 33
Centre 81 Limited Detailed Statement of Financial Activities for the Year Ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted fund5 Restricted funds Charitable activities Brought forward Amortisation of intangible fixed assets Depreciation of tangible fixed assets Loss on sale of intangible fixed assets Loss on sale of tangible fixed assets 952,805 476 9,287 54,247 1,007,052 476 9,287 888,877 22,028 12801 13,333 13,333 975,901 54,247 1,030,148 910,625 Support costs Governance costs Auditors, remuneration Independent examination Accou ntancy 9,000 9,000 7,355 3,175 2,350 2,350 11,350 11,350 10,530 Total resou rces expended 1,002,416 54,247 1,056,663 930,950 Net lexpenditure}/income 161,7711 164,645 102,874 132,8501 This page does not form part of the statutory financial statements 34