Docusign Envelope IO.. SSCC3A77-C2944B87.A7E5-09E472889FA9 Company registration number.. 03074118 Charity registration number.. 149128 Centre4 Limited (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025 Forrester Boyd Robson Limited Kingfisher Court Plaxton Bridge Road Woodmansey Beverley East Yorkshire HU17 ORT AE120FSD 2411212025 COMPANIES HOUSE A28
Do¢usign Envelope ID.. 55CC3A77-C2944B87-A7ES-09E472889FA9 Centre4 Limited Contents Reference and Administrative Details Chair's Statement Trustees, and Strategic Report 3to9 Independenl Audilors, Report 10t012 Consolidated Statement of Financial Activities 13to14 Consolidated Balance Sheet Balance Sheet 16 Consolidated Stalement of Cash Flows 17 Notes to the Financial Slalemenls 181036
Docusign Envelope ID.. 5SCC3A77-C2944887_A7E5.09E472889FA9 Centre4 Limited Reference and Administrative Details Trustees A J Hames, Chair P Bunyan O P Edmonds S Everesl-Ford P Taylor W J Tr85k Secretary T Good Senior Management I Leadership Team T Good, Chief Executive Officer K Harling, Operations Director P Drinkwaler. Director of Facilities T Collins, Director of Health and Wellbeing D Duckworth-mills, DireGlor of Children and Young Peopl8 Charity Regigtratlon Number 149128 Company Reglstrallon Number 03074118 Registered Office 17a Wootton Road Grimsby England DN33 1HE Audltor Forrester Boyd Robson Limited Kingfisher Court Plaxton Bridge Road Woodmansey Beverley East Yorkshi HU17 ORT Bankers The Co-operative Bank plc 1 Balloon Street Manchester M4 4BE Page 1
Oo¢usign Envelope ID.. 55CC3A77.C2944867-A7ES-09E472889FA9 Centre4 Limited Chair's Statement for the Year Ended 31 March 2025 The chair presents their stalemenl for the year. This year has been another very busy one with lots of changes at Centre4 and once again, l am pleased to welcome you to our Trustees Annual Report and set of accounts which, I hopè, will highlight the developments that have already taken place and those that are underway. Our staff have worked extremely hard to overcome the challenges brought about by the fire last year and we can now begin lo see a new future emerging for the rooms that were damaged and rendered unusable. There was time for celebration in the Summer when we officially opened our newly developed welcome space and community room. These changes have transformed the visitor experience and offer an ideal meeling Space as well as providing people with a friendly place to rèlax and have a coffee and chal. l am also pleased to report thal work has now commenced on the Youth building with the lurf cutting ceremony taking place on 3rd May. We ar8 all looking forward to seeing the new building lake shape. Whilst highlighting the exciting changes, I must, of course, thank the Trustees, Senior Leadership team, our staff and volunteers for their hard work and commitment to the wide range of services and activities currently offered by Centre4. Thanks also lo our tenants. partners and all those who use our centre - we hope that you will continue lo support us for many years to come. Anne Harnes- Chair Page 2
Docusign Env•lope ID." SSCC3A77-C2944887-A7E5.09E472889FA9 Centre4 Limited Trustees, and Strategic Report The Iruslees. who are directors for the purposes of company law. present the annual report together wlth the financial stalernents and auditors, report of Ihe charitable company for the year ended 31 March 2025. The annual report serves the purposes of both a trustees, report and a directors. report under company law. Trustees The trustees serving during the year and since the year end were as follows.. Trustees.. A J Hames, Chair J E Bramley {resigned 27 November 2024) P Bunyan (appointed 1 October 20251 D P Edmonds (appointed 31 October 2024) S Everest-Ford (appointed 12 December 2024) S Nèar (appointed 20 June 2024 and resigned 26 November 2025) E A Norman (resigned 26 November 2025) J M StOGklon (resigned 25 April 2025) P Tawor W J Trask Oblectlv•s and actlvllle8 Obj•cts and aims The charitls objects are.. to promote for the benefit of the inhabitants ol the Nunsthorpe and Bradley Park estates and the surrounding areas of North East Lincolnshire as the trustees see fit, without dists'nction of sex. sexual ori8ntation, race or of political, religious or other opinions, by associating the local authorities, voluntary organisalions and inhabilanls in a common effort to advance education and to provide facilities in the interests of Social welfare for recreallon and leisure time occupation with the object of improving the conditions ol life for the said inhabitants., and to maintain and manage or to co-operate with any local statutory authority in the maintenance and management of a Resource Centre for activilies promoted by the charity and its constituent bodies in furtherance for the above objects. Objectives, strategies and activlties The objeclives in the year have continued to be.. Improve the level of community engagernent within the adivities of Centre4, delivering projects Ihat bring meaningful impact for people and Gommunilies. creating a welcoming space. Develop and extend our offer for young people to the surrounding community. developing our Youth Offer and the development of the new 4Youth Centre. Review the day nursery operation, developing a business plan that seek5 to ensure financial sustainability and a highUalItY facility for children and their families. Explore a range of projects and initiatives lo respond to comrnunily need. including financial hardship, emolional health and well-being, social isolation and employability. Review the room hire offer. developing a plan to maximise income and be a high quality and venue of choice for training and meetings for our stakeholders. Build on the impact strategy that demonstrates the difference that we make for our stakeholders and help us learn. Invest in marketing resources to support the organisational objectives and largets. Page 3
Docvsign Envelope ID- 55CC3A77.C2944BB7.A7E5.09E472889FA9 Centre4 Limited Trustees. and Strategic Report To meet its objects. the charity.. Support and advice - we offer practical support lo help individuals and families navigate challenges. Early Years Care - Butterflies Day Nursery provides high-quality early years care in an inclusive and nurturing environment. Youth Opportunities our exciting youth programme offers young people somewhere to go, something to do, and someone to talk to. Social Prescribing at Centre4, we champion soclal prescribing as a way to conneGI individuals to non-clinical services that improve wellbeing. Impact Report Centre4 is delighted to share that we continue to work hard to support the needs of our community through a wide range of projects, while also fulfilling our role as custodian of the community hub. Our embedded iniliats'ves remain strong, and the charity conlinues to adapt to the changing economic, social and health challenges faced by our communities. As a focal point for social connection and support across North-Easl Lincolnshire, Centre4 brings together numerous partners who deliver an extensive range of projects and services for the benefit of our communities and stakeholders. entre4 Comrnunil Hub Centre4 continues to provide a wide range of lacilities for our tenants as wèll as conference, meeling and training spaces for a wide range of external organisations. In terms of ongoing rental space, durlng the year our permanent office rentals were al 94.5°/o capacity (with 3 new tenants arriving in January 20261 and room hire at 45010 capacity. Work continues to improve relevant areas withing the building that require attention as well as looking for potential external project?. We successfully completed improvements lo the welcome area, removing the reception, creating a more flexible space. This incorporated a more relaxed seating arrangement, private booths. a public living room and our own coffee shop which continues lo bring in further revenue. Constructlon of the new youth buildlng commenced In summer 2024. wilh Jembuild appointed as the principal contractor and Hodson Architects providing ongoing design and project support. The dev81opment progressed at pace until March 2025, when unforeseen circumstances resulted in Jembuild ceasing trading. While this had the potential to cause significant delays, decisive action was taken in collaboration with Hodson Architects and previous subcontractors to resume works within two months. The project is now firmly back on track, with completion scheduled for February 2026. Visitors to the Centre in the year was 106,564 many of whom are accessing Centre4 servlces and projects, room hire bookings and accessing our tenant services and projects. This will only increase with Ihe completion of the new youth building. Remedial works to repair the fire-damaged areas. which had caused significant revenue loss and disruption to Centre4. were successfully completed in May 2024. During this challenging period, we faced the difficult news that one of our original lenan15, Carelink, would be departin9. This decision was not taken lightly and was made lo support those affected by the fire. as we were unable lo provide sultable space for Ilieni lor 8 time. Their absence was fell deeply by all who had worked alongside them and relied on their invaluable services. We are therefore delighted lo announce their return. Welcoming Carelink back feels like restoring a cherished part of our community, and they have settled in seamlessly, as if they never left. Youn Peo le&F Butterflies Day Nursery: This year has marked another period of significant growth and achievement for Butterflies. Building on last yearfs momenturn, we have now welcomed over 220 children across the year, with occupancy continuing to rise at a steady pace. Our staff team have once again shown exceptional dedication, supporting children and families through ongoing developments within the setting. As a resull. we have continued lo see positive outcomes across all areas of practs'ce. Page 4
Docusign Envelope 10.. 55CC3A77-C29446B7-A7ES.OE472889FA9 Centre4 Limited Trustees. and Strategic Report An exciling year a5 we developed a more structured wraparound offering with the introduction of breakfast. after school and holiday club which has seen a significant uptake and is providing high quality care and provision for families outside of the nomal school day. Our ambition is lo continue growing this demand. Parental engagement remains a comerstone of what we do, and we are pleased to say that our relationships with families have strengthened even further. Par8nts continue to work closely with us lo ensure their children's needs are mel, and we have seen increased participation in shared learning opportunities and family-focused events like Graduation, Summer faes, Uniform swaps etc. A key area of progress this year has been our growing partnership with other local services. Many of our families continue lo access wider support, and Y have further deepened our working relationships with the SEND team, heallh visitors, social workers, and other professionals across the Local Authority. We have also taken meaningful steps to build a stronger, more collaborative connection with Centre4 by worklng wlth our 4Famili8s offer to support parents and carers wilh child development, benefits and advice, nutrition and confidence levels. We have created relationships with local schools lo support wraparound delivery and a more structured approach to transition from nursery to primary school. Our commitment to inclusion remains at the heart of our practice. We have continued to refine our support for chlldren with SEN, ensuring that dedicated funding is use(J effectively lo provide highqualily resources, largeled interventions, and additional staff hours where needed. This has led to staff being recognised at local SEND awards for their support and commitment in this area. 4familie Thls year has seen major developments for our family support project, originally known as Butterflies Mums. The project, delivered at Centre4, was created to reduce isolation among new parenls. increase social connection, and ensure families are linked with the services and support they need. Although Publlc Health wlthdrew ils funding at the end of last year to pursue a different strategic direction, the demand from families, partners and referrers was overwhelming. In response, we cornmilted to continue the project using the Reaching Communities and Partnerships fund, ensuring families did not lose this vital support. Throughout the year, the project has continued lo grow and evolve. We are aiming to support 240 families across 2 years, reflecting sustained and increasin9 need within the community. Our volunteer network ha5 also expand8d lo support up lo 60 volunteers to actively be supporting families. To strengthen delivery and provide consistent leadership, we expanded the staff team, who have together helped to widen our reach and enhance the quality of support offered. One of the key achievements has been the eslablishmenl of a weekly parent and baby group, which has quickly become a trusted and well-altended space for early bonding, social connection, and peer support. This has expanded into new local places across Grimsby. With this progress has come an expansion of our vision. To ensure we are meeling the need5 of the whole family, not just Mums. the project has been relaunched under a new name called 4Families. Early engagement under this new model has been extremely positive. with strong initial uptake from men as well, reflecting our commitment lo inclusive family support. 4Y 4Youth has gone from strength to strength within the last year with numbers of participants rising weekly. The recruited youth workers have been Irained to JNC level 3 and are 5UPPQrting young people across Nunsthorpe and North-Easl Lincolnshire through regular weekly open access youth provision including Boxing. Lego, Mulli Sports and Youth clubs. Further funding has been secured through Better Youth Spaces lo support furnishing the building with high quality equipment for young people lo use. Young people created a youth panel and are feeéing back into the design of the building and equipment. With access lo the new build expected in February 2026, we feel confident we can build upon the existing strengths and transfer this into Ihe new fil for purpose space along with the 120 young people attending weekly. Page 5
Oocusign Envelope 10.. SSCC3A77-C29448B7-A7E5-09E472889FA9 Centre4 Limited Trustees. and Strategic Report Communit Health & Wellbein Advice SeNice - provides expert adviGe and representation on debl, welfare benefits. housing, and general legal matters. significantly improving the health and wellbeing of its users. Supported 2,757 new clients with tailored advice and represenlation. Secured £5,701,655 in linancial gains lor clienls across all closed cases. Collaborated with DWP and North East Lincolnshire Council to allocate Household Support Fund resources, helping individuals during the Cost of Living Crisis. Delivered bespoke outreach support at the Carers. Support Centre in North East Lincolnshire and, Irom July extended services to Norlh Lincolnshire. ConnectNEL is a friendly signposting service that helps people access the service and activities they need. Connecting local people with local support. Connected 14,519 people to services that address their needs. Responded to 13,891 individual queries, linking them to 301 different local services. Maintained high demand, averaging 1,209 enquiries per month at the start of 2024. Built strong partnerships with local organisations, ensuring knowledge and referral pathways and appointment timescales. Continued to assist people during the Cost of Living Crisis by providing financial support, fuel support, food hardship, and hygiene support packs, while signposting lo altemalive services across North East Lincolnshire. Simply Connect - Ihis is a database of seNlces and activities wlthin North East Lincolnshire. 487 organisations r8gislered as providers on the directory. 2.213 services and aclivities available for public and professional use. Achieved 30,890 searches, helping people find solutions quickly and effectively. Social Prescribing supporting people with long-tem health conditions to community-based activities and support neOrkS, reducing isolation and empowering them to manage their health and wellbeing more effectively. 639 people 8nrolled onto Ihe,programme. Overall improvement rale in wellbeing outcomes outcomes. 940/ts for 6 month outcomes and 96Q/o for 12 month Public benefit The activities described above and in the following sections are consistent with the charitys values and aims which, in turn, derive from ils charitable objectives. All new and potential developments are assessed for consistency with the strategic business plan and, therefore. for their contribution to public benefit. The trustees Gonlirm that they have Gomplled with the requir¥riienls of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by Ihe Charity Commission for England and Wales. Page 6
Oocusign Envelope 10.. 55CC3A77.C2944B87-A7ES-09E472889FA9 Centre4 Limited Trustees. and Strategic Report Financlal review The Consolidated Statement of Financial Activities shows a nel increase in funds for the year of £839,833 with a decrease in unrestricted funds of £103,096 on unrestricted funds and an increase of £942,919 on restricted funds. Total funds at the year-end are £3,167.543 compared lo £2,327,710 as at 31 March 2024. Of the total fund5, £2,904,629 (2024 - £1,876,810) relates lo the net book value of fixed assets which Can only be realised through the di5P05al of assets. The principal funding sources for the charity are rent, room hire. nursery fees and contract and grant income. There will always be an element of uncertainty with our funded I contracted provision. particularly as these are public funds that are subjecl lo year-on-year rèview. During the current year, a significant amount of lunding was received from the Youth Investment Fund towards the construction of the new purpose-built youth facility. Policy on reserves The trustees have established a policy wher8by the unrestricted funds not committed or invested in tangible fixed assets (the free reseNes) held by the charity should be equivalent lo three months of the running costs. Total unrestricted funds as al 31 March 2025 are £624,878 of which £647,311 relales to the net book value of flxed assets. As a result, free unrestricted fixed are in deficlt to th& value of £22,433. The trustees and senior management team are closely reviewing the structure and operations of the charity in order to generate free reserves in line with policy. Plans for future perlods The trustees look optimisli¢ally to the next financial year wllh particular focus on the completion of the new youth building early in 2026 bul also continuing lo support the local community Ihrough a variety of events and activities. Golng concem After making appropriate enquiries, the Iruslees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the goin9 concern basis in preparing financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Structure, governance and management Nature of governlng document Centre4 Limited is a company limited by guarantee govemed by ils Memorandum and Articles of Association dated 12 September 1995. It is reglstered as a charity with the Charity Commission. Members. liability The liability of the members is limited. Every member of the charity undertakes to contribute such amount as may be required, not exceeding £1, to the charity's assets if il should be would up while they are a member or within one year after they cease to be a member, for the payment of the charitls debts and liabilities contracted before they cease lo be a member. and of the costs, charges and expenses of winding up, and lor the adjustm8nt ol thè rights of the contributions among themselves. Page 7
Oocusign Envelope ID.. 55CC3A77-C2944887_A7E5.09E472889FA9 Centre4 Limited Trustees. and Strategic Report Recrultment and appointment of trustees The number of trustees shall not be less than nine bul (unless othefwise detemined by ordinary resolution) shall be subject to a maximum of fifteen being.. 1. not less than five and not more than eighl members elected at the annual general meeting who shall hold office from the conclusion of Ihal meeting. 2. not les5 than four and not morg than seven nominated members appointed. as follows.. local schools, local churches- local colleges, voluntary sector, private sector,. public sedor. and Enterprise Agency. 3. the executive committee may in addition appoint not more than three COwOPted members but so that no-one may be appointed as a co-opted member if, as a re5uIt, more than one third of the members of the executive committee would be co-opted members. Induction and training of trustees New trustees are provided with a 'Trustee Handbook. and must complete certain documentation pertaining to the Charity's Commission and Companies House. They are also infomied of the content of the Memorandum and Articles of Association, the board and decision-making processes. the business plan and recent financial performance of Centre4. They are also issued with a job description and encouraged to attend appropriate external training events where these vill facilitate the undertaking of their role. Due lo the responsibility Iruslees have regarding Bullerflies Day Nursery they musl also undertake a DBS check and complete all relevant paperwork required by Ofsted. Arrangement5 ftir setting key management personnel remuneratlon The pay of the senior staff is reviewed annually and, where financially viable, is norrnally increased in accordanc8 with national inllalion rates. In terms of setting the rate of pay the trustees benchmark against other local VCSE organisalions bul ultimately it is down to organisalional affordability. Organlsatlonal structure The charity is overseen by its trustees who meet as a board on a quarterly basis. The day-104ay operats'ons of the charity are delegated to the Senior Lead8rship l Management Team. Relatlonshlps wlth related partles No truslee is paid remuneration for their role. However, all reasonable expenses such as travel or training will b8 reimbursed. In this financial year, there were no other contractual relationships with any relaled parties. Fundralslng No specific fundraising activities are undertaken although donations are very much accepted. The trustees confirm that they are aware of r8levanl guidance covering charity fundraising. Page 8
Docusign Envelope 10.. 55CC3A77.C2944B87.A7E5.09E472889FA9 Centre4 Limited Trustees. and Strategic Report Statement of trustees. responsibilities The trustees (who are also the directors of Centre4 Limited for the purposes of company law) are responsible for preparing the Irustees, report and the financial slatements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the Iru5tees lo prepare financial statements for each financial year. Under company law the trustees must not approve the financial slalements unless they are satisfied thal they give a true and fair view of the slate of affairs of the parent charitable company and the group and of the incoming resources and application of resources, including its income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required lo.. select suitable accounting policies and apply Ihem consislenlly, observe the methods and principles in the Charities SORP,. makejudgements and estimates that are reasonable and prudent; state whether appllcable accounting standards, comprising FRS 102 have been followed. subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the parent haritable cornpany will continue in business. The trustees are re5pon5ible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the parent charilable company and Ihe group and enable them to ensure that the financial statements comply wlh the Companies Act 2006. They are also responsible for safeguarding the assets of the parent charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable companls website. Legislation governing the preparation and dissemination of financial statemen15 may differ from legislation in olher jurisdictions. Olsclo$ure of Informallon to audltor Each Iruslee has taken sleps Ihal they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of Ihat infomiation. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. The annual report was approved by the trustees of the charlty on 22 Dec8mber 2025 and signed on its behalf by.. (ta*Ls A J Hames Trustee Page 9
Docvsign Envelope IO.. SSCC3A77-C2944887.A7E5-09E472889FA9 Centre4 Limited Independent Auditor's Report to the Members of Centre4 Limited Opinion We have audited the financial statements of Centre4 Limited (the 'charitable parent compan) and its subsidiaries (the 'group') for the year ended 31 March 2025. which comprise the Consolidated Statement of Financial Activities. Consolidated Balance Sheet, Balance Sheet, Consolidaled Statement of Cash Flows. Statement of Cash Flows and Notes lo the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and RepubliG of Ireland, and applicable law (United Kingdom Generally Accepted Accounting PractiGe). In our opinion the financial slatemenls: give a true and fair view of the slate of the group's and parent charity's affairs as al 31 March 2025 and of ils incoming resources and application of resources. including its income and expenditure, for Ihe year then ended.. have been properly prepared in accordance with Uniled Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companie5 Act 2006. Ba31$ for oplnlon We conducled our audit in accordance with International Standards on Auditin9 (UK) (ISAS (UK)) and applicable law, Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent ol the group in accordance with the elhical 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 responsibilities in accordance with these requiremenls. 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 auditing the financial statements, we hav8 concluded that the Irustees 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 doubl on the group's ability to continue as a going concern for a period of at least Iwelve months from when the original financial statements were authonsed for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections of this report. Other infomiation The trustees are responsible for the other infomation. The other information comprises Ihe information included in the annual report, other than the financial statements and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other information and, except to the exlenl otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial slalements, our re5pon5ibilily is lo read the other information and, in doing so. consider whether the other inforrnation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to b¥ materially misslaled. If we identify such material inconsistencies or apparent material misstalemenls. we are required lo detemiine whether Ihere is a material misstatement in the financial statements or a material misslaternent of the other infomation. 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. Page 10
Oo¢usion Env•k•Pè ID.. 5SCC3A77-C2944887.A7EXIgE472889FA9 Centre4 Limited Independent Auditorfs Report to the Members of Centre4 Limited Opinion on other matter prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Chairfs Statemenl and Trustees, and Strategic Report for the financial year for which the financial slatemenls are prepared is consistent with the financial statements- and the Chaifs Statement and Trustees. and Strategic Report have bèen prepared in accordance with applicable legal requirements. Matters on whlch we are requlred lo report by exceptlon In the light of our knowledge and understanding of the group and the parent charitable company and its environmenl obtained in the course of the audit, 14ve have not identified malerial misstatements in the Chair's Statement and the Trustees. and Stralegic Report. We have nothing to report in respect ol the following matters where the Cornpanies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept by the parent charitable company, or relums adequate for our audit have not been received from branches not visited by us., or the parent charitable company financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees remuneration specified by law are not made: or we have nol received all the infomiation and explanations we require for our audit. R•8pon8ibilitie$ of trustees As explained more ftjlly in the Statement of trustees. responsibilities {set out on page 91, the Iruslees are responsible for the preparation of the financial statements and for being satisfied that they give a true and.fair view, and for such intemal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material rnisslatement, whelher due to fraud or error. In preparing the financial statements. the Iruslees are responsible for assessing the charlty's ability to continue as a going concern. disc105ing, as applicable, matter5 related lo going concern and using the going concern basis of accounting unless the trustees eilher intend lo liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misslalemenl when it exists. Misstalemenls can arise from fraud or error and are considered material if, individually or in Ihe aggregale, 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 delecting irregularities, including fraud is detailed below.. Discussions with management, including consideration of knowii or suspected instances of non-compliance held. Challenging assumptions and judgements made within significant accounting eslimales and judgements. Idenlificalion of laws and regulalions relevant to the operalions and review of compliance with such laws. Testing ofjoumal entries and other potential areas of management override of the systems. Reviewing and agreeing the accuracy of income recognition. Agreeing the existence and accuracy of pay for a sample of employees on the payroll. Performing ana11C31 procedures lo identify and investigate any unusual or unexpected relalionships. Page11
Oo¢usign Envèlopè ID.. SSCC3A77.C2944887-A7ESQ9E472889FA9 Centre4 Limited Independent Auditor's Report to the Members of Centre4 Limited Because of the inherent limilalions of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the linancial statements or non-compliance with regulation. The risk increases the more Ihal 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 inslances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery collusion, omission or misrepresèntation. A further description of our responsibilities is available on the Financial Reporting Council's website at= v,[rG.Qr9.UkIaud1torsreSponSIbIIi1ies. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable parent coMpanS members. as a body, in accordan wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the group's members those matters we are required to slate to them in an auditorfs 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 parent company and its members as a body, for our audit work, for this report, or for the opinions we have formed. 0gc¥SlyMd by.. 8DAec31P?7ZT4ee'. Carrie Anne Jensen ACA (Senior Stalulory Auditor) For and on behalf of Forre$ter Boyd Robson Limited. Statulory Auditor Kingfisher Court Plaxton Bridge Road Woodmansey Beverley East Yorkshire HU17 ORT 22 December 2025 Page 12
Docusign Envelope IO.. SSCC3A77-C2944887-A7E5-09E472889FA9 Centre4 Limited Consolidated Statement of Financial Activities for the Year Ended 31 March 2025 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unreslricted funds Restricted funds Total 2025 Note Income and Endowments from: Donations and legacies Charitable activitie5 Other trading activities Investment income Other income 8,212 417.854 234,997 1,152 318,657 8,212 2,981.888 234,997 1.152 318,657 2,564,034 Total Income 980,872 2,564,034 3,544,906 Expendlture on: Raising funds Charitable activities 1213,574) 870,394 151,534) 1,569,571 (265.108) 2,439.965 Total expenditure 1,083,968 1,621,105 2,705,073 Net lexpendilurellincome 103,096 942,929 839.833 Nel movement in lunds {103,096) 942,929 839,833 Reconciliation of funds Total funds brought forward Total funds carried forward 727,974 1,599,736 2,327,710 22 624,878 2,542,665 3,167,543 The notes on pages 18 to 36 form an integral part of these financial statements. Page 13
Oo¢vsiw Envelopè ID.. SSCC3A77-C2944887-A7ES-09E4728B9FA9 Centre4 Limited Consolidated Statement of Financial Activities for the Year Ended 31 March 2025 (Including Consolidated Income and Expenditure Account and Statement of Total Recognlsed Gains and Losses) Unrestricted funds Restricted funds Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Inveslmenl income Other income 31,564 363.152 189,419 6,058 242,171 31.564 1,478,596 189.419 6,058 242,171 1.115,444 Total Income 832,364 1.115.444 1,947,808 Expenditure on: Raising funds Charitable activities (205,0181 752,419 {35,209) 1,166,540 (240.227) 1,918.959 Total expenditure 957,437 1,201,749 2,159,186 Net expenditure Nel movemenl in funds 125,073 86.305 211,378 1125,073) (86,3051 1211.378) Reconciliation of funds Total funds brought forward Total funds carried for¥vard 853,047 1,686,041 2,539,088 22 727,974 1.599,736 2,327,710 All of the 9roup's activitie5 derive from continuing operations during the above two periods. The noles on pages 18 to 36 fom an inlegral part of these financial statements. Page 14
Docusign Enveh)pe ID.. 55CC3A77.C29448B7.A7E5.09E472889FA9 Centre4 Limited (Registration number: 03074118> Consolidated Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assels Tangible assets 2,904,629 1,876,810 Current assets Debtors Cash at bank and in hand 173,849 255,141 360,257 268,861 18 428,990 629,118 Credltors: Amounts falllng due within one yèar Net current assets 19 166,076 178,218 262,914 450,900 Net assets 3,167.$43 2.327,710 Funds of th• group: Restricted Income funds Restricted funds 2,542,665 1,599,736 Unrestrlcted Income funds Unrestricted funds 624,878 727,974 Total fund$ 22 3,167,543 2,327,710 The financial statements on pages 13 to 36 were approved by the trustees, and authorised for issue on 22 December 2025 and signed on their behalf by: 0o¢y14un•d by.. A J Hames Trustee The notes on pages 18 to 36 form an integral part of these financial statements. Page15
Docvsign Envelope 10.. 55CC3A77-C29448B7.A7E5_09E472889FA9 Centre4 Limited (Registration number: 03074118) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets Investments 15 2,904,629 1,876,810 2.904,630 1,876,811 Current assets Debtors Cash al bank and in hand 17 18 178,644 243,959 333,601 261,648 422,603 595,249 Creditors: Amounts falling due within one year 19 148,998 159,211 Net current assets 273,605 436,038 N•t ass•l$ 3,178,235 2,312,849 Funds of the charity: Restricted incom8 funds Restricted funds 2,542,665 1,599,763 Unrestrl¢ted In¢om• funds Unrestricted funds 635,570 713,086 Total funds 22 3,178,235 2,312,849 The financial stalements on pages 13 10 36 were approved by the trustee5, and aulhorised for issue on 22 Decèmber 2025 and sign8d on their behalf by.. (14UkLS "AeuA17W241atyQU..: A J Hame5 Trustee The notes on pages 18 10 36 form an integral part of these financial statements. Page 16
Oocusign Envelope10.' 55CC3A77-C2944B87.A7E5.09E472889FA9 Centre4 Limited Consolidated Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operating activities Net cash incomellexpenditurel 839,833 (211,378) Adjustments to cash flows from nondcash items Deprecialion Investment income Loss on disposal of fixed assets held for the group's own use 67,188 {1,152) 57,642 16,058) 5,567 10 905,869 (154,227) Worklng capilal adlu5tments Oecreasellincreasel in debtors (Decreasellincrease in creditors 186,408 4,850 (168,7761 73,323 19 Net cash flows from operating activities 1,087,427 (249,680 Cash flows from Investlng actlvltl•8 Interest receivable and similar income Purchase of langible fixed assets Net cash flows from invests'ng activities 1,152 1,095,007 6,058 78,694 15 (1.093,855) (72,636) Cash flows from financing activities Repayment of loans and borrowings 19 7,292 11,458 Net decrease in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March 113,720) 268,861 1333,774) 602,635 255,141 268,861 All of the cash flows ar8 derived from continuing operations during the above trNo periods. The notes on pages 18 10 36 form an integral part of these financial ststements. Page 17
Docusign Envèlopè ID.. SSCC3A77.C2944B87_A7E5.09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 1 Charity status The charlty is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trLtstees is liable to contribute an amounl not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its reglstered office Is: 17a Wootton Road Grimsby England DN33 1HE 2 Accountlng pollcles Summary of significant accounting policies and key accountlng estimates The principal accounting policies applied in the preparalion of these financial statements are set out below. These policies have been consistently applied lo all the years presented, unless oth8rnise stated. Slatem•nl of ¢ompliance The financial statements have been prepared in accordance with Accounting and Reportin9 by Charities: Statement of Recommended Practice (applicable to chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021) {issued in October 20191 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Ihe Companies Act 2006. Basis of preparation Cenlre4 Limiled meets 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 notes. Prlor perlod r•¢la8811Scatlon Income and expenditure classifications have been reviewed in line with the nature of transactions resulting in amendment to and reclassifications of the comparative figures within the Slatement of Financial Aclivilies. The reclassifications have not resulted in any adjustment of the fund categories or the opening I closing reserves. Basis of consolidation The consolidated financial statements consolidate the financial statements of the charity and its subsidiary undertakings drawn'up to 31 March 2025. No statement of financial activities is presented for the charily as pemiitted by section 408 of the Companies Act 2006. The charity made a profit after lax for the financial year of £865.386 (2024 - loss of £173,561). Page 18
Oocusign Envelopè ID.. 55CC3A77-C2944887-A7E5-09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 A subsidiary is an entity controlled by the charity. Control Is achieved where the charity has the power lo govern the financial and operating policies of an enlily so as lo obtain benefits from its activilies. The results of subsidiaries acquired or disposed of during the year are included in the slalement of financial activities from the effective date of acquisition or up lo the effective date of disposal, as appropriate. Where necessary. adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group. The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given. equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly altribulable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business cornbinalion are measured initially at their lair values at the acquisition date. Any excess of the cost of the business combination over the acquirer's interest in the net fair value of the Identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill. Inter-company transaction5, balances and unrealised gains on Iransaclions beeen the charity and its subsidiaries, which are related parties, are eliminated in full. Intra-group losses are also eliminated but may indicate an impaimient that requires recognition in the consolidated rinanclal statements. AGcounling policies of subsidiaries have been changed where necessary to ensure conslstency with the pollcies adopted by the group. Going concern The trustees conslder that there are no material uncertaintles about the group's ability lo continue as a going concern nor any significant areas of uncertainty that affect the carwng value of assets held by the group. Key sources of estlmatlon uncertalnty The trustees make estimates and assumplions about the future. These eslimates and assumplions impact recognised assets and liabilities. as well as revenue and expenses and other disclosures. Estimates are based on historical experience and on various assumpiions consldered reasonable under p¥allIng conditions. The actual outcome may diverge from these eslimales if other assumptions are made, or olher conditions arise. The eslimales and assumptions Ihal may have a significant effect on the amounts of assets and liabilities wilhin each financial year include- Useful economic lives of intangible and tangible fixed assets: Tangible fixed assets are recognised at cost les5 accumulated depreciation, amortisation and any impairment. Depreciation writes down the value of an asset to ils assessed residual value over the estimated useful lives of assets. The carrying amount of fixed assels 15 tested as soon as changed conditions show that a need for impaimient has arisen. Page 19
Oocusign Envelope ID.. 55CC3A77-C2944887.A7E5.09E472889FA9 Centre4 Limited Notes to the Financial Slatements for the Year Ended 31 March 2025 Income All income is recognised once the charity has entitlement to Ihe income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Grants receivable Other grants and grants for charitable activity purposes are included in the Statement of Flnancial Activitl8s on a receivable basis. The balance of income received for specific purposes but not expended during Ihe period 15 shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in ¢redilors as deferred income. Where ents'tlement occurs before income is received, the income is accrued. Other tradinq actlvltles Income from other trading activities 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. Investment Income Interest on lunds held on deposit is included when recelvable and the amount can be measured reliably by the group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Other income Other income is recogni5ed in the period in which it is receivable and to the extent Ihe goods have been provided or on completion of the service. Expendlture All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar cosls to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a ba515 consistent with the use of resources, with central staff costs allocateé on the basis of lime spenl, and depreciation Charges allocated on the portion of the assel's use. Other support costs are allocated based on the spread of staff costs. Ralslng funds These are the costs incurred in trading activities that raise funds. Charitable activities Charitable expendilLtre comprises those costs incurred by the charity in the delivery of its activities and services for Its benefiaaries. It includes both costs that can be allocated directly to such activities and Ihose costs of an indirect nature necessary to support them. Support costs Support costs Include central functions and have been allocaled lo activity Cost Calegories on a basis consistent with the use of resources. for example, allocating property costs by floor areas, or per capila, staff costs by the lime spent and other costs by their usage. Governance costs These include the costs attributable to the charitys compliance with constilulional and statutory requirements, including audit. strategic management and trustees meetings and reimbursed expense5. Page 20
Oocuslgn Envelope ID. SSCC3A77.C2944887.A7ES.0gE472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Taxatlon The charity is considered lo pass the tests set out in Paragraph 1 Schedule 6 01 the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from laxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extenl thal such income or gains are applied exclusively to Charitable purposes. Tangible fixed assets Individual fixed assets costing £750 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impaimient losses. Oepreciation and arnortisation Depreciation is provided on tangible fixed assets so as to wrile off the cost or valuation, less any estimated residual value, over Iheir expected useful economic life as follows.. Asset class Land and buildings Furniture and equipment Depreclatlon method and rate straight line over 50 years straight line and reducing balance over 5 years straight line over 20 years Solar panels Trade debtors Trade debtors are amounts due Irom cuslom8rs for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially al the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for irnpairmenl. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to Gollect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise amounts held in current bank accounts and petty cash balances. Trade credltors Trade creditors are obligations lo pay for goods or service5 that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting dale. If there is an unconditional right to defer settlement for at leasl twelve months after the reporting date. they are presented as non-current liabilities. Trade creditors are recognised initially at the transactlon price and subsequently measured at amortised cost using the effective interest method. Page 21
Oocusign Envelope ID.. 5SCC3A77-C2944BB7.A7E$09E47Z869FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Borrowlngs Inleresl-bearing borrowings are initially recorded at fair value, nel of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, wlth the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge lo the Statement of Financial Acts'vities over th8 period of the relevant borrowing. Inlerest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are Glassified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least iwelve monlhs after the reporting date. Fund structure Unreslricled income funds are general funds that are available for use at the truslees discretion in furtherance ol the objectives of the group. Restricled income funds are those donated for use in a particular area or for specific purposes. the use of which is restricted lo that area or purpos8. Leases Leases in which substantially all Ihe risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the lease term. Penslons and olher post retlrement obllgatlons The group operates a dèfined Gonlribution pension scheme which is a pension plan under whlch fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service In the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payment5 exceed the contribution due for service, the excess is recognised as a prepayment. Flnanclal Instruments The group 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 loans which are subsequently measured al amortis8d cost using the effective interest method. Page 22
Oocusign EnvèJopÉ 10.. 55CC3A77-C2944887.A7E5.09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 3 Income from donatlons and legacles Unrestricted funds General Total 2025 Donations and other fundraising Other grant income 3,342 4,870 3,342 4,870 8,212 8,212 Unrestricted funds General Total 2024 Donations and other fundraisin9 Other grant incorn8 1,$64 30,000 1.564 30,000 31,564 31,564 4 Income from charltable aclivities Unrestrlcted funds General Restrlcted funds Total 2025 Social prescribing, community provisions and education Nursery 2,381,020 183.014 2,381,020 600,868 2,981,888 417.854 417,854 2,564,034 Unrestrlcted funds General Restrl¢t•d funds Total 2024 Social prescribing, community provisions and education Nursery 1,083.054 32,390 1,083,054 395,542 363,152 363,1 S2 1,115,444 1,478,596 Page 23
Docusign Envèlope 10.. $5CC3A77-C2944887.A7ES-0gE472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 S Income from other Iradlng actlvltles Unrestricted funds General Total 2025 Trading income: Trading subsidiary income 234,997 234,997 234,997 234,997 Unrestricted funds General Total 2024 Trading income.. Trading subsidiary income 189,419 189,419 189,419 189,419 6 Investment Income UnroslrScted funds General Total 2025 Interest receivable and similar income.. Interest receivable on bank deposits 1,152 1,152 1,152 1,152 Unreslrlcled funds General Total 2024 Int8rest receivable and similar income.. Interest receivable on bank deposits 6.058 6,058 6,058 6,058 Page 24
' Oocusign Envelope ID,. SSCC3A77-C2944887-A7E&09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 7 Other income Unrestricted funds General Total 2025 Insurance claim income Rental income, room hire and other property income 134.475 184,182 134,475 184,182 318,657 318,657 Unrestrlcted fund5 General Total 2024 Insurance claim income Rental income, roorn hire and othèr property income 34,465 207,706 242,171 34,465 207.706 242,171 8 Expendlture on raising funds a) Costs of Iradlng activities Unrestrlcted funds General Rostricted lund8 Total 2025 Note Trading subsidiary costs Staff costs 30.037 183,537 {27) 51,561 30,010 235,098 213,574 51,534 265,108 Unrestricted funds General Restrlcted funds Total 2024 Note Trading subsidiary costs Staff costs 33,976 171,042 24,647 10,562 58,623 181,604 205.018 35,209 240,227 Page 25
Oocusign Envelope ID.. 55CC3A77.C2944887.A7ES.09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 9 Expendlture on charllable aclivltles Unrestricted funds General Restricted funds Total 2025 Total 2024 SoGial prescribing, community provision and education Nursery 382,444 487,950 1,477,308 92,263 1,859,752 580,213 1,507,016 411,943 870,394 1,569,571 2,439.965 1,918,959 Actlvlty undertaken directly Actlvlly 8UPPOrt costs 2025 Social prescribing, Gommunity provision and education Nursery 1,477,308 482,656 382,444 97,557 480,001 Activity Support costs 1,859,752 580,213 1,959,964 A¢tivlty undertaken dlrectly 2,439,965 2024 Social prescribing, community provision and education Nursery 1,104,050 344.523 402,966 67,420 470,386 1,507,016 411,943 1.448,573 1,918,959 In addition to the expenditure analysed above, Ihere are also govemanc8 Costs of £12,000 (2024 £11,850) which relale directly lo charitable activilies. See note for further details. 10 Net Incomingloutgoing resources Net incominglloulgoing) resources for the year include.. 2025 2024 Audit fees L055 on disposal of fixed assets held for the group's own use Depreciation of fixed assets 12,000 11,850 5,567 57,641 67.188 11 Trustees remuneration and exponses No trustees, nor any persons connected wilh them, hav8 received any remuneration from the group during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Page 26
Docuslgn Env•10 ID.. 55CC3A77.C2944B87.A7E5.09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 12 Staff costs The aggregale payroll costs were as follovts: 2025 2024 Slaff costs durlng the year were: Wages and salaries Social securtty costs Pension costs 1,847,368 133,407 30,636 1.443.234 97,135 21.952 2,011,411 1,562,321 The monthly average number of persons (including senior management I leadership team) employed by the group during the year was as follows= 2025 2024 Employees 101 92 Th8 number of employees whose emoluments fell within the following bands was.. 2025 £70,001- £80,000 The toLql employee benefits of the key management personnel of Ihe group ware £288,072 (2024 - £233,422). 13 Auditors. remuneration 2025 2024 Audit of tha financial statements 12,000 11,850 Page 27
Docusign Envelope ID." 55CC3A77£2944887_A7E5.09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 14 Taxation The group is a registered charity and is therefore exempt from taxalion. 15 Tangible fixed asset5 Group Land and buildings Fumiture and equipment Assets under construction Solar panels Total Cost At 1 April 2024 Additions 2,120,208 176,915 138,221 36.641 55.800 2,314.229 1,095,007 881,451 At 31 March 2025 2,297,123 174,862 55.800 881,451 3.409.236 Depreclatlon At 1 April 2024 Charge for the year At 31 March 2025 321.664 45,811 92,737 18,587 23,018 2.790 437.419 67,188 367,475 111,324 25,808 504,607 Net book value At 31 March 2025 1,929,648 63,538 29,992 881,451 2,904,629 At 31 March 2024 1,798,544 45,484 32.782 1,876,810 Included within the nel book value ol land and buildings above is £Nil {2024 - £Nil) in respect of freehold land and buildings and £1,929,648 (2024 £1,798,544) in respect ol leaseholds. Charity Land and building8 Furnlture and equipment Assets under construction Solar panels Tolal Cost Al 1 April 2024 Additions 2,120,208 176,915 138,221 36,641 55,800 2,314,229 1,095,007 881,451 At 31 March 2025 2,297.123 174,862 55.800 881.451 3,409.236 Depreciation At 1 April 2024 Charge for Ihe year At 31 March 2025 321,664 45.811 92,737 18,587 23.018 2.790 437.419 67,188 367.475 111,324 25,808 504,607 Net book value At 31 March 2025 1.929,648 63,538 29,992 881,451 2,904,629 At 31 March 2024 1,798,544 45,484 32,782 1,876,810 Induded within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings and £1,929,648 (2024 - £1,798,544) in respect of leaseholds. Page 28
Docusign Env•lop• ID,. SSCC3A77-C2944887.A7ES.09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 16 Fixed asset investments Charity Shares In group undertaklngs and partlclpallng Interests Subsidiary undertakings Total Cost Al 1 April 2024 At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 Details of undertakings Details of Ihe investmenls in which the charity holds 20Ya or more of the nominal value of any class of share capital are as follows-. Country of Incorporalion Proportion of voting righls and shares held 2025 2024 Principal a¢llvity Undertaklng Holding Subsldiary undertakings Recruitment and employment services Ethical Recruiment Agency (Grimsby) Limited England and Wales Ordinary 100'1c* 1 OOYO Subsldlarles The loss for the financial period of Ethical Recruiment Agency (Grimsby) Limited was £25.553 {2024 - £37,817) and the aggregale amount of capital and reserves al Ihe end of the perlod was £(10,691)12024 - £14,862). 17 Debtors Group CharSly 2025 2024 2025 2024 Trade debtors Due from group undertakings Prepayments Accrued income 103.487 163,686 76,267 45.860 15,890 40,627 117,373 29,629 110,073 76,526 15.890 54,472 110,073 86.498 173,849 360,257 178,644 333,601 Page 29
Oocusign Envelope ID.. 55CC3A77-C2944887-A7e5.09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 18 Cash and cash equivalents Group Charity 2025 2024 2025 2024 Cash on hand Cash al bank 1,146 253,995 1,416 267,445 268,861 1,146 242,813 1,416 260,232 255,141 243,959 261,648 19 Creditors." amounts falllng due wllhln one yoar Group Charity 2025 2024 2025 2024 Trade creditors Other loans Other taxation and soclal security VAT liability Other creditors Accruals 22,520 24,162 7,292 26,472 7,471 5,477 107,344 178,218 22,089 23,059 7.292 20,002 34,059 5,258 11,510 92,729 28,170 11,510 89,229 4,614 104,244 166,076 148,998 159,211 20 Obligations under leases and hire purchase contracts Op•ratlng lease commitments Total future minimum lease payrnents under non-cancellable operating leases are as follows.. Group Charity 2025 2024 2025 2024 Olher Within one year Between one and five years 3,390 2,852 1,469 2,836 3,390 2,852 1,469 2,836 6,242 4,305 6,242 4,305 Totel future minimum amounts receivable under non-c8ncellable operating leases lor the group and charity are as follows.. 2025 2024 Within one year Between one and five years 20,600 21,458 20,600 42.058 42,058 62,658 21 Pension and other schemes Deflned contribution pension scheme The group operates a defined contribution pension scheme. The pension cost charge for the year represents contrlbutions payable by the group to the scheme and amounted to £30,636 (2024 - £21,952). Page 30
Docv5ign Envalop• ID-. SSCC3A77-C2944887.A7ES-09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 22 Funds Group Balance al 1 April 2024 Incoming resources Resource3 expended Balanc• at 31 March 2025 Transfers Unrestricted funds General Unreslricted General Funds 727,974 980,872 (1,083,968) 624,878 Restricted funds NBV of Fixed Assets Stroke Courtyard Empowering Places Lotto Community Grant Social Prescribing SoGial Prescribing Patient Budget Advice Wellbeing Hub Simply Connect PCN Link Worker Peer Mental Health Hardship Fund Flt for Everyday East Coast Sport England Thrive Diabetes Green Social Prescribing Masonic Trust Tribune Trust Household Support Fund Youth Investment Fund Supporting the Clinlcally Vulnerable Klckstart Vaccination Capacity Building Nursery - DAFFEE Nursery - Community Mothers Nursery - Pupil Premium Nursery - Inclusion Nursery - EHCP Nursery - Wraparound Nursery - Baby Room 1,298,757 455 1,615 251 78,087 105,588 (36,842) 889,815 1455) (1,615) 1251) (8,557) 2,257,318 489.576 (529,285) 29,821 55,447 128,434 22,220 27,423 57,404 91,103 4,250 <55,447> (129,9401 (50,912) {28,694) <56,544) <96,805) 14,000) 15,738) (14,303) 15,695) 1877) (70,258) (10,782) 1450) 14,244) (376,492) 18,466 7,235 16,960 (14,497) (1,271) 940 21,413 2,704 4,549 54 11,715 349 27,470 9,218 2,550 2,210 26,736 6,960 80 27,115 2,454 10,287 14,357 11,110 6,300 1,226 99,288 20,000 3,000 6,454 1,193,805 {1,560) 93,760 (884,337) 1.006 919 1,006 919 8,500 8.621 8,500 12,352 3.921 {190) 34,308 66,893 23,820 24,246 15,775 30,993 17,366 {56,716) (16,697) {16,607) 44,485 7.123 7,639 15,775 30,993 15,313 (2,053) Page 31
Oocuslgn Envelope 10.. SSCC3A77-C2944887-A7E5.09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Balance at 1 April 2024 Incoming resourcas Resources expended Balance at 31 March 2025 Transfers Nursery- Lincolnshire County Council ERA - Power to Change ERA- Proud to Care 321 (27> 321 27 51,561 51,561 Total restricted funds 1,599,736 2,564,034 (1,621,105) 2,542.665 Total ftsnds 2,327,710 3,544,906 (2,705,073 3,167,543 Balance at 1 Aprll 2023 Incomlng rgsources Resources expended Balance at 31 March 2024 Unre5trlcled funds General Unreslricled General Funds 695,082 832,364 {799,472) 727,974 Daslgnated Designated Funds 157,965 157,965 Total unrestricted funds 853,047 832,364 957,437) 727,974 Restricted funds N8V of Fixed Assets Stroke Courtyard Empowering Places Lotto Community Grant Social Prescribing Advice Wellbeing Hub Simply Connect PCN Link Worker Peer Mental Health Hardship Fund Fil for Everyday East Coast Sport England Thrive Diabetes Youth Investment Fund Supporting the Clinically Vulnerable Kickstart Vaccination Capacity Building Digital Library CC Cash CEV COVID Gym Love Where You Live Wellbeing Weighing Daisys Wish North Lincolnshire Council 1,332,879 568 2,957 3,306 109,939 8,595 24,258 35.469 1,436 12.663 2,089 134,122> {113) 11,342> 13,055) {497,2311 (136,3031 157,137) 135,469) 154,347) (87,774) 13,635) 19,033) 18,829) {900) {1,8541 186,3961 1.298,757 455 1,615 251 78,087 18,466 7.235 465,379 146,174 40,114 52,991 102.226 4,000 19,320 8,829 7,200 80 27,115 2,454 10,287 6,300 1,226 93,760 1,006 919 8,500 3.080 180,156 1,006 919 10,000 {1,5001 {5,6981 136,021) (1,298) (909) {158) {4,773} {224) 124,397) 5,698 25,359 1,298 909 158 4,773 224 2,972 Page 32 10,662 21,425
Do¢usign Env8lope10." 55CC3A77.C2944887.A7E&09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Balance at 1 Aprll 2023 IncomSng resources Resources expended Balance at 31 March 2024 Energy Efficiency Wami Space5 Nursery- DAFFEE Nursery- Community Mothers Nursery- Pupil Premium Nursery- Inclusion Nursery- Lincolnshire County Council ERA - Power to Change EFiA- Proud lo Care ERA - SparkFund 10,000 (10,000) (1,5001 (1,5471 (31.6351 (13,5841 (15,724) 1321 (20,104) (2,380) 12,725 1,500 5,286 4,882 65,943 2,204 8,621 34,308 11,380 15,724 353 321 (27) 20,077 2,380 12,725 Total reslrlcted fund8 1,686,041 1,115,444 1,201,749 1,599,736 Total funds 2,539.088 1,947,808 2,159,186 2,327,710 Page 33
Docuslgn Envelope ID.. 55CC3A77-C2944B87.A7ES-09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 The specific purposes for which the funds are lo be applied are as follows.. NBV of Fixed Assets - represents the net book of fixed assets acquired using restricted funds. Stroke Courtyard. Empowering Places and Lotto Community Grant - the amounts represented the net book value of fixed assets acquired using the funds amounts have been transferred to the single NBV ol Fixed Assets balance above. Social Prescribing funding provided to improve individuals management of their specific long-temi health conditions. Advice - funding provided under a service level agreement lo provide an Inlegrated Advice Service. Wellbeing Hub - funding provided for a friendly sign-posting service to help find seNices, activities and events. Simply Connect - funding provided for the provision of s8tvices and activities. PCN Link Worker- funding to provide a Social Prescribing Link Worker. Peer Mental Health - funding lo supply Peer Support Link Workers. Hardship Fund - funding provided to assist with local hardship. Fil lor Everyday funding to enab18 access to activities that support moderate physical activity in families. East Coast - funding to deliver a programme of community activities. Sport England - funding to deliver sports projects in response to the needs of young people. Thrive Diabetes - funding to provlde support groups. Green Social Prescribing - funding to deliver the Green Social Prescribing project in North East Lincolnshire. Masonic Trust - funding to support the provision of a Community Link Worker. Tribune Trust- funding to support a project to support safer communitles. Household Support Fund - funding to provide local support. Youth Investment Fund funding for the delivery of the Community Organisers Youth Programme proportion of the funding has been used to fund an extension to the property. a large Nursery- various funding streams provided lo support nursery pupils and projects. ERA - Proud to Care- funding towards the staff costs of Ethical Recruitment Agency (Grimsbyl Limited. Material transfers in the funds analysis are included bvhere fixed assets have been acquired from individual funding streams, Page 34
Docusi9n Envelope ID.. S5CC3A77.C2944887-A7ESSE47288gFA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 23 Analysis of net assets between funds Group Unrestricted funds General Total funds at 31 March 2025 Restricted funds Tangible fixed assets Current assets Current liabilities 647,311 143,643 166,076 2,257,318 285,347 2,904,629 428,990 166,076 Tolal nel ass8ls 624,878 2,542,665 3,167,543 Unrestricted funds General Total funds at 31 March 2024 Restricled fund$ Tangible fixed assets Currenl assets Currenl liabilities 574,135 332,057 178,2181 1,302,675 297,061 1,876,810 629,118 178,218 Total nel assets 727,974 1,599,736 2,327,710 24 Analysls of changes In net d•bt Group At 1 Aprll 2024 At 31 March 2025 Cash flows Cash at bank and in hand Dèbt du8 Wlthin one year 268,861 7,292 (13,720} 7,292 255,141 Net debt 261.569 6,428 Other 255,141 At 1 Aprll 2023 nonrycash changes At 31 March 2024 Cash flows Cash at bank and In hand Debt due within one year Debt due after more than one year 602,635 {12,5001 6,250 1333,774> 11,458 268,861 (7.292) {6,250) 6,250 Net debt 583,885 322,316 261,569 Page 35
Oocusi9n Envelope ID.. $5CC3A77-C2944887.A7ES.09E472889FA9 Centre4 Limited Notes to the Financial Statements for the Year Ended 31 March 2025 25 Related party transactions Group There were no related party transactions in the year. Charity During the year the charity made the following related party transactions.. Ethical Recruitment Agency (Grimsbyl Limited Ethical Recruitment Agency (Grimsby) Limited ('ERA'I is a subsidiary of Centre 4 Limited. During the year. the charity raised invoices lo ERA totalling £67.647 (2024 - £54,728). During the year, the charity received invoices from ERA lolalling £50,132 (2024 - £34,078).. At the balance sheet date the amounl due from Ethical Recruitmenl Agency {Grimsbyl Limited was £45,860 (2024 - £29.6291. Page 36