OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Crich Glebe Community Centre

2025-03-31-accounts

Crich Glebe Field Trust Limited

Registered Number 3050337 (England and Wales)

Charity number 1045937

Unaudited Trustees' Report and Financial Statements for the Year Ended 31 March 2025

Contents

2 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Reference and Administrative Details of The Company, its Trustees and Advisers

1 Trustees

2 Company Registered Number

3050337

3 Charity Registered Number

1045937

4 Registered Office

Crich Glebe Field Trust Limited, Glebe Field Centre, Glebe Field Close, Crich, Derbyshire, DE4 5EU

5 Independent Examiner

Andrew J Housley MICB PM.Dip

Square 1 Accounting, 4 Tennyson Way, Chesterfield S42 5BA

3 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Trustees Report

The trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Crich Glebe Field Trust Limited (the company) for the year ended 31 March 2025

The trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements of the company's governing document, and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015).

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 is not required.

Objectives and Activities

The Trust continues to provide a full range of services at the Crich Glebe Community Centre, to ensure that the centre remains a focus for activities in the local area. The centre is used for church activities, Parish Council meetings, early years learning, parent and baby sessions, evening classes, society meetings and events, Luncheon Clubs and private parties.

Health related facilities are also provided, including an optician and hairdressing.

Due regard has been given by the Trustees in respect of guidance given by the Charities Commission on public benefit in deciding the objects and therefore the activities the charity undertakes.

Achievements and Performance

The Trust aims to continue to be used by a comprehensive range of organisations catering for a wide spectrum of the local community with diverse interests and needs. When fully open, local people, from babies to nonagenarians, use the centre's facilities on a weekly basis.

A significant requirement of the Trust’s strategy is that management of the centre is undertaken by an employed Centre Manager. Following the successful recruitment process at the end of the 2023/24 financial year, we appointed Grace Tomlinson as Centre Manager. Grace started at the beginning of this 2024/5 financial year and Trustees were greatly impressed by the impact this has had on the Centre and its role in the community during these 12 months.

As well as enabling the appointment of the Centre Manager, the Community Lottery Fund grant was to fund significant capital expenditure to improve the 25 year old building. In particular investment has been made to improve the environmental sustainability of the Centre through better insulation, heating and lighting systems. This work commenced in 2023/4 and is now largely completed.

Structure. Governance and Management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

At the 2024 AGM (held in January 2025) the Trustees and members were updated on the progress of the Trust towards reconstituting as a CIO. Following errors in handling our previous submission to the Charity Commission and errors in the Charity Commission guidance, Trustees and members agreed to re-submit the application. This was done in March 2025. This will result in a new constitution.

4 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Trustees Report

Recruitment and Appointment of New Trustees

The new constitution holds that Trustees are appointed in the following manner:

2 nominations by the Archdeacon of Chesterfield (normally nominated via St Mary’s Crich PCC)

2 nominations by Crich Parish Council

Up to 8 elected representatives of the local community (elected annually by rotation) at AGM by membership of The Crich Glebe Community Centre CIO.

The Trust actively seeks to appoint Trustees to fill any vacancies from the specific community bodies or with appropriate skills. It is the policy of the Trust to provide any necessary training.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the board {{sig2_es_:signer1:signature:dimension(width=80mm, height=15mm)}} | Andrew Auld Chair of Trustees

5 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Independant Examiners Report

Independent Examiner's Report to the Trustees of Glebe Crich Glebe Field Trust Ltd ('the company'

I report to the charity trustees on my examination of the accounts of the company for the year ended: 31 March 2025

Respective Responsibilities of Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Statement of Recommended Practice (SORP) and the Charities Act 2011. It is my responsibility to examine the accounts as required under section 145 (1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of Independent Examiner's Statement

My examination is carried out in accordance with the SORP and the Charities Act 2011. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, I do not express an audit opinion on the view given by the accounts.

Independent Examiner's Statement

In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements:

have not been met

Signature:

----- Start of picture text -----
{{sig1_es_:signer2:signature:dimension(width=80mm, height=15mm)}}
pa [He][ese]
----- End of picture text -----

Andrew J Housley

MICB PM. Dip

Square 1 Accounting, Chesterfield, S42 5BA

6 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Statment of Financial Activities

Note
Income From:
Donations & Legacies
3
Charitable Activities
4
Other Trading Activities
5
Investments
6
Total Income
Expenditure On:
Charitable Activities
7
Total Expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
13
Net movement in funds
13
Total funds carried forward		 Unrestricted
Funds
2025
£
6,265
26,560
61,094
495
94,414
124,303
124,303
(29,889)
537,523
(29,889)
507,634		 Restricted
Funds
2025
£
4,000
111,030
-
-
115,030
89,666
89,666
25,364
25,364
25,364		 Total
Funds
2025
£
10,265
137,590
61,094
495
-
209,444
213,969
213,969
(4,525)
537,523
(4,525)
532,998		 Total
Funds
2024
£
4,252
49,680
54,278
460
108,670
132,039
132,039
(23,369)
560,895
(23,372)
537,523

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 16 form part of these financial statements.

7 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Balance Sheet

2025 2024
Note £ £
Fixed assets
Tangible assets 10 452,195 470,088
Current assets
Debtors 11 3,622 2,234
Cash at bank and in hand 86,248 59,392
Creditors; amounts falling due within one year 12 89,871
9,068		 61,626
(5,810)
Net current assets 80,803 67,437
Total net assets 532,998 537,525
Charity funds
Restricted funds 14 56,336 -
Unrestricted funds 14 476,662 537,525
Total funds 532,998 537,525

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the trustees on and signed on their behalf by:

Andrew Auld (Chair of Trustees)

The notes on pages 9 to 16 form part of these financial statements.

8 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Notes to the Financial Statements

1 Basis of preparing the financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Crich Glebe Field Trust Limitedmeets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Income

All income is recognised once the company has an entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the trustees' report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer the economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs that are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

9 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Notes to the Financial Statements

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management. Governance costs are those incurred in connection with the administration of the company and compliance with constitutional and statutory requirements.

Charitable activities and governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

Tangible fixed assets and depreciation

All assets costing more than £150.00 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the statement of financial activities incorporating income and expenditure accounts.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. 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 basis:

Account Method Method **Rate (%) ** Period (yrs)
Land and Buildings Straight Line Full Month 2
Fixture & Fittings Reducing Balance Full Month 25
Office Equipment Reducing Balance Full Month 25
IT Equipment Striaght Line Full Month 2

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised as the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

10 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Notes to the Financial Statements

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Fund accounting

General funds are unrestricted funds that are available for use at the discretion of the trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements.

2 Company status

The company is a company limited by guarantee. The members of the company are the trustees named on page 3. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.

11 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Notes to the Financial Statements

3 Income from donations and legacies

Unrestricted
Funds
2025
£
240
6,025
6,265
4
Unrestricted
funds
2025
£
1,827
Glebe Fundraising Activities
10,557
National Lottery Community Fund
Grants - Unrestricted
1,845
Parish Council Contribution
12,331
26,560
5
Unrestricted
funds
2025
£
Catering Sales
22,713
Events Income
1,220
Rental Income
34,510
2,651
61,094
6
Unrestricted
funds
2025
£
495
495
Interest Received
Donations - Reserved
Donations - Unreserved
Income from charitable activities
Crich Live
Grants - Restricted
Income from other trading activities
Other income
Income From Investments		 Restricted
Funds
2025
£
4000
4000
Restricted
Funds
2025
£
3480
107,550
111030
Restricted
Funds
2025
£
0
Restricted
Funds
2025
£		 Total
funds
2025
£
4,240
6,025
10,265
Total
funds
2025
£
1,827
10,557
3,480
107,550
1,845
12,331
137,590
Total
funds
2025
£
22,713
1,220
34,510
2,651
61,094
Total
funds
2025
£
495
495		 Total
funds
2024
£
2,331
1,921
4,252
Total
funds
2024
£
2,803
4,379
818
27,975
2,144
11,561
49,680
Total
funds
2024
£
15,023
39,127
128
54,278
Total
funds
2024
£
460
460

12 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Notes to the Financial Statements

7 Expenditure on Charitable Activities

Analysis of direct costs
Unrestricted
Restricted
Total
Funds
Funds
funds
2025
2025
2025
£
£
£
Catering Purchases
10361
10,361
Centre Costs
-
Events Costs
6,431
6,431
National Lottery Community Fund
88766
88,766
Fess
90
90
16,882
88766
105,648
Analysis of support costs
Unrestricted
Restricted
Total
funds
Funds
funds
2025
2025
2025
£
£
£
Staff Costs
49,926
49,926
Centre Controllable Costs
3,788
3,788
Centre Property Costs
18,330
900
19,230
Mews & Old Vicarage Property Costs
10,946
10,946
Other Centre Cost
24,431
24,431
107,421
900
108,321
8 Staff Costs
2025
£
Wages & Salaries
48,897
Contribution to defined pension schemes
644
Other staff costs
385
49,926
The average number of persons employed by the company during the year was as follows:
2025
No.
Charitable activities
10
No employee received remuneration amounting to more than £60,000 in either year.
9 Trustees' remuneration and expenses
2025
£
Remuneration or other benefits received by the trustees during the year
NIL
Total expenses reimbursed or paid directy to the trustees during the year
NIL		 Total
funds
2024
£
6,580
221
944
29,883
37,628
Total
funds
2024
£
45,042
3,726
20,558
25,085
94,411
2024
£
44,886
156
45,042
2024
No.
8
2024
£
NIL
NIL

13 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Notes to the Financial Statements

10 Tangilble fixed assets

Fixtures &
Fittings
£
At 1 April 2024
6,324
660
At 31 March 2025
6,984
At 1 April 2024
6,093
Charge for the year
113
At 31 March 2025
6,206
Net book value
At 31 March 2025
778
At 31 March 2024
231
11 Debtors
Stock
Prepayments & accrued income
12 Creditors: Amounts falling due within one year
Trade creditors
Other taxation & social security
Accruals & Deferred Income
Other creditors
Cost or valuation
Additions in the year
Depreciation
Trade debtors		 Land &
Buildings
£
919,012
-
919,012
449,394
18,380
467,774
451,238
469,618		 Office
Equipment
£
24,410
-
24,410
24,172
60
24,231
179
238
2025
£
2,281
500
841
3,622
2025
£
5,733
1,180
2,185
(31)
9,068		 Total
£
949,746
660
950,406
479,658
18,553
498,211
452,195
470,088
2024
£
1,513
500
221
2,234
2024
£
(6,750)
336
620
(16)
(5,810)

14 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Notes to the Financial Statements

13 Statement of funds

Statement of funds - current year

General Funds
Restricted Funds
Total of funds
Statement of funds - prior year
General Funds
Restricted Funds
Total of funds		 Balance at
01 April
2024
£
537,523
537,523
Balance at
01 April
2023
£
560,895
560,895		 Income
£
94,414
115,030
209,444
Income
£
79,875
28793
108,668		 Expenditure
£
(124,303)
(89,666)
(213,969)
Expenditure
£
(102,157)
(29,883)
(132,040)		 Balance at
31 March
2025
£
507,634
25,364
532,998
Balance at
31 March
2024
£
538,614
(1,090)
537,523

All restricted funds have been provided to the company for particular purposes, for example, the purchase of fixed assets or for funding the costs incurred on specific projects.

15 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited

Notes to the Financial Statements

14 Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Current assets
Creditors due within one year
Analysis of net assets between funds - prior period
Tangible fixed assets
Current assets
Creditors due within one year		 Unrestricted
Funds
2025
£
452,195
33,535
9,068
476,662
Unrestricted
funds
2024
£
470,088
61,626
(5,810)
537,525		 Restricted
Funds
2025
£
56,336
56,336
Restricted
Funds
2024
£
-		 Total
funds
2025
£
452,195
89,871
9,068
532,998
Total
funds
2024
£
470,088
61,626
(5,810)
537,525

15 Pension Commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to

2025 £ 644

16 Related Party Transactions

Except for the disclosure in respect of the reimbursement of trustees' expenses in note 9, there are no additional related party transactions to disclose.

16 of 16

2025 - Trustees' Report and Financial Statements - Crich Glebe Field Trust limited