Cliarity Ycgistralion nuiiiber.. 1067925 The Stevenson Centre Aniiual Report and financial Statcinents roi. the YeJr En(l¢d 31 Mairh 2025 L&i)Iberl CIIiipLiiaii LLP Cliartered Accounlanls aiid Registered Stakntoiy Auditors 3 Wai'ners Mill Silks Way Brainti'ee Essex CM7 3GB The Stevenson Centre Contents (continued) Ileference and Adiniiii5trative Dclails Tiiistee's Repoit 2104 Slaleinenl of Trustee's Responsibilities Ind¢pei)d¢nt Examincls Report Slatemcnl uf Financial Activitics Balaiice Sheet Notes to tlie Financial Sialeinents 9t0 15 The Stevenson Ceiitre Refei'ence and Adminlstrative Details Trustee Great Cornard Parisli Couitcil Seiiioi- Management l Leadei'ship Mr T. J Keane. Trustee c1￿1[￿an TeAin Cllr. A. C. BavinElon, Policy & R&4ources Cl)air Cllr. D Young, Trustee Vice Chair Miss E Skuce, Coui)cil Maiiager Chorit), ReLVlStratloii Number 1067925 Pi'iiicipal Otfiee Tlie Stcvenson Cents'c Stevensdii Appioach Great Coi'nard Sudbuiy Suffolk COIOOWD In(lependent li xamjiier Mark Pearsoii Luinberl C.hapinan LLP Chattered Accountants aiid Registered Stotulory Auditors 3 Waimei3 Mill Silks W￿Y Braiiitree Ess¢x CM7 3GB Baiikei's Bai¢lays Bank Pl.C Chclmsford 40-41 Higli Sireet Chelinsford Essex CMI IBE Page I The Stevenson Centre Trustee's Repoi"t Tlie iiiemb¢r presei)ts the anniial report tOEeilicr with the financial sthtenients of tlic chaiity foi- the ycar ended 31 Marcli 2025. Objectives %Liid Activities Objecls. aiid uiiiis Tlie Cliarity ft.uns a cotnmunily cciille foi. the benefil of inliabilants of Great Cornard and Il)e neiEI)bouring ai'ea widiout di8tiiielioii ot sex oy of puliti¢al. iyligious or oilier opit)ions by tlie advancement of education aiid Il)e piDvision of facilities ffin the interests of Social welfare for recreation and leisure. Objccliiyes, sli'dlegies ftiid uc'livilies The Chai-ity lias contiiilled lo liire tlie coniiilunity cenlre to inhabitants of GrcAt Cornai'd and the iieighboui'ing area aiid aims lo contiiiuc iu support local cotnniunily groups. PiiblTC beiiéfil Tlie Cl)8l'ity aiins lo benefit ilie inli&ibil8nls of Gi'eai Cornard and the iieigi)bouring area widi tlie objecl of iinpi'oving the condilion,s of life for tlie said inhabitants. Tlie I'iwslee confirms that they li¢ive Complied willi tlie irquireffleiils of section 17 of tlie Cliaiities Act 201110118ve duc re8ai'd to tl)e public bcnefil guidancc publi81)ed by ilic Charity Coinmission for England aiid Wales. Gi'iiiil iiiukiii¥policie.f By alSoLaling a ycarly budget for grants, the Cllarity financially suppoi'ls some of die local groiips wl)o use Ille CoinLi)Iinity Ceiili'e. ri inAncial revAeiv Policy oil i'esei'vés I'lie ciirrent level of available i'escrves amoiinls 10 £36.891 (2024: 30.617). Tlie senior inanageinent leaiii beli¢ve ¢l)at resei'ves aniour)ting to ¢71 leasl £15,000 are ICqUiiEd to cnsure that Ilie Cl)ai'ity has sufficicnt funding to enable it to Lonlinue to opei'ale sliould income levels din)iiiisli in subsequent pei'l(￿s. Pi'iiiciplllfiiiidiiig soiirces I'lie Cl)arity ob￿lnS incoine fi'oni the lelting of the Coinniunity Centie and, if i'equired, also bei)¢fits froni doiiati01lS pi'ovidcd by Gi'cat Cornard Parisli Coiincil. Going concern As 501¢ Managing Tnjstce of The Stcvenson Ceiitre Cliariry. tlie Parisli Council has continued to adopt a cautioi)s appiL)a¢li lo Ilie Ceiilre finances due to the cost of inflation and thc rising cost of goods, scrviC￿ and enei'gy. Sli'u¢tur4 govei'nxiice gjid maiiagement Nuliire ofgoverjiiiig dociiiiieyil Tbe Clidl'ity is goveffled by tlie lease and In￿1 deed datcd 24 June1968 as varied by sclieine of Ilie Cliai'ily Comtiiissioners of15 Noveiiibei. 1993. Thc Charity was i'egislei'ed witli Ihe Cliarity Commission on J Fcbruary 1998. Page 2 Tlie Steveiison Centre Ti"ustee's Repoi"t (coiitinued) Aii]?oiiiliiieiir of Tj'iislee Gyeat C<)i'nard Parish Coiincil as a cotyorate Ix)dy is the sole Managing Trustee. Individual Parisli Councill01s are not thelnselves Charity Trusiees. Jiidiiclioii uiiél iraiiiiiig ofpieiij Pui'isli Coiiiicil Meiiibers Any new Meinl)ers of th¢ Parish Couilcil ur Ilie senior InanagTeiiient teAm will irceive the appropriatc level of training lo obtain ali und¢iElanding of the Chaiity's objects and aims aiid will be provided with a copy of ihe Cli&rity's goveiiiing do¢umenl. 013riiiiisdrioiilll sli'iicliiiy Tli¢ Senior Managcinent Teain, repi'eseiiling the Parish Council (the sole Managing Trustee), hold sepaTate nieetiiigs on a J'egulai- basis lo dis¢iiss tlie activities and pei'fonnance of the Charity aiid tlie adiievenieiit of ils cliai'ilable objects. Relationslili)s with i'elllted pai'tles Gi'eat Coi'nAI'd Parlsli Couneil Gi'edl Coi'iiai'd Pdrisli Coiincil is Ilie sole liwslee of tIie Charity aiid tlie Councillots are responsible for Ilie iiinning ofuie Cliai-ily. Majoi. risks iiiid iiiuiiageiiieiif of lliose risks Jeisksfoced by ihe chui'ily Tl)e Council officet3 I'esponsible for the perforinaiice of Ilie Charity iiieet on a i'egular basis and will discuss Ilie i-isks faccd and considci- l)ow tliese risks, Inay be best rnitigated. Tlie AJall) i'isk faced by the Charity is that its income level will not be siifficienl to ensure tl)al it cali continue as a goiiig concei'n. Tlie Senioi. Manageinent Tedm acknowledges that good publicity and iiiarkeLing of Tlic Sieveiison C¢nts'e is key lo pi'oii)oling Ilie Cenli'e's facilitics. Tlie Sievcnson Centre is advertised and proiiioled locally and advises local irsidenls that tl)cy can bencfil fi'oi)i advaillageoiis rates. Tlie Parisli Council, as sole I'iiistee of Tlie Stcvensoii Centre Cliarily, works closely witl) its usci's to ensure their needs are Inet &iid Ihal they are liappy WAUI tlic facililies provided. Tl)e Tiiistees regularly itview the Centre's hire ¢l)ar8es to tailor inconie to cxpenditure and to ensui'e that charges for all Iiseis at'e kept reasonable and dffoi'dable and coinpa17ble to local coinpecilors. If tl)e Chai'ity, for a t¢mp017ry period of time, is un&ble lo meet its expenditure it has Ilie option to apply to the Purish Coiincil foi. support. Tlie Stevenson Ceiilre Charity has appropi'iale insui71)ce in place to covcr Ihe loss of revcnve up to £40,000. Page 3 The Stevenson Centre Ti'ustee's Repoi't (continued) The annual report was approved by the member of the charity on ...... signcd on ils be Irby- Mr T J Kcane, Tivslec Cliaiiinan, for and on behalf of Gi'eal Coi-nai'd Parish Council Ti'lislee Page 4 The Stevenson Centre Statement of Ti'ustee's Responsibilities Thc trlislee is responsible for preparing the trustee's report and the fmancial statements in accordance witii the United Kingdom Accounting Standards (United Kingdom Generally Accepted Aeeounting Pi'aetiee) and applicable law and regulalions. Tlie law applicable lo charities requires tlie Inistee to prepare financial siatements foi. eacl) financial year wl)icli give a truc and fail. view of Ilie slate of affairs of Ihe cliai'ity and of tlie inconiing resources and applicalioii of resourccs of tlle chai'ity foi. that pei'iod. In pi'eparing these fiiiancial stalemenls. Ilie meniber is requiird to- select Suitable accounting policies and then apply them consistently. observe the inetl)ods and principles in tlie Cllarities SORP. Inake judgenients and estimales Ihat are i'easonxble and prudent. stale wlieihcr applicable accounting standards have been followed, subject io any material depai'lures disclosed and explained in the financial statements. and prepare the financial statei)ients on the going concern basis unle&s it is inappmpriate to presuine that the Chai'ity will conliiiue in biisincss. The iiieinber is responsible foi- keeping proper accounling records Ihat disclose with rcasonablc accui'acy al any liine dic fiiian¢i&l position of the charity and enable tliein lo ensure tliat tlie financial slalemenls coinply with the Cl)ai-ilies Acl 201 I, the Cl)arilies (Accounts and Reports) RegLilations 2008. and tlie i)I'ovisions of tli¢ conslittitioii. 'I'l)c Inembei. is alqo i'c81)onsible foi. safeguarding tl)e assels of tli¢ ¢l)arily and l)ence for lakillg reasonable slcps foi. Ihe prevciilioii and delectioii of fraiid and olhei. irregularities. The li'uslee is i'esponsible foi. the maintenance and integrity of the corporate and finaiicial infonnation included oli the cl)ai'ilablc company's website. Lcgislation goveming Ihe preparation and disseininalion of financial staleiiieiils niay diffei. from legislation in other jurisdictions. Appi'oved by the mernber of tlie charity on........................ and signed on its belialf by.. Mr T J Keane, Trustee Chairnlan, for and on behalf of Great Cornard Pai'ish Council Tivstee Page 5 Tlie Stevenson Centre Independent Examiner's Repoi"t to tlie ti'ustee of The Stevenson Centre I irport to the ttiistee oji my exaniination of the accounts of Tlie Steveiison Ceiitre foi- the year ended 31 March 2025. Respoiisibilities and basis of i'eport As the charity li-uslee of Tlie Stevenson Ccntre you al'e i'esponsible foT the pi'eparation of tlie accounts in accordanL'e with the requireiiients of the Chai-ilies Act 2011 {'the Act,). I i-epoi'l in respect of my examination of the The Stevenson Centir's account8 c&rried out undei. scetion 145 of tlie 2011 Act and ill ¢airying oul Iny exainii)ation E have folloived all the applicable Directions given by the Chai'ity Cornniission linder section 145(5){b) of the Act. Indei)eiid¢nt examinL>r's statement .[ liavc conipleted my exatninalion. I confirm Ihat no inalerial inatteis have come to my al￿ntiOn in connection with tli¢ exainination giviiig mc cause to believe that in any material respect: accountittg records were not kept in respect of The Steveiisoii Cei)tre as i'equircd by section 130 0l.ilic Acl. or 2. Ilie accouiils do iiol accord with those records. or 3. 11)e aCCOilDls do not cornply with the aceounliiig r¢qui￿MentS Concerning ihe fomi and contcnt of accounts set out iii the Chat'ities (Accounts and Reporls) R¢gulalic)118 2008 oihei. than any requireinent that the accounls give a 'live and fail. view, which is Iiol a inatter coiisidcTed as parl of an indepcndeiit examination. Iiave no Loiicerns and havc coine across no ollier mAItLrs in conncclion witli Ilie examination to wliicli attention sliould bc di'awj) in tliis Iri)orl in order 10 eiiable a proper iinderstanding of tlie a¢¢ounl.s to be reached. Mark Pearson FCA Lambert Chapiiian Ll..P Chartered Accoui)lants and Rcgistered Slamioiy Auditois 3 Waincrs Mill Silks Way Braintrce Essex CM7 3GB Date.. Page 6 The Stevenson Centi'e Statement of Financial Activities for the Yeai. Ended 31 March 2025 Total 2025 Total 2024 Unresti'icled Notc liiconie aiid Eiidowi)iellt5 1'J-om'. Donations and legacies Chai'itable activities 26,891 67,960 26,891 67,960 22,417 60,921 Total Income 94,851 94.851 83,338 [1 xpendliure on: Cliai'itable activities (91,062 (91,062) (84,091 Total expenditiirc (91.062 91,062 (84,091 Net nioven)eiil iii fiinds 3,789 3,789 (753) RecDiiciLlation of lunds Total funds biougl)t foiward 37,069 37,069 37,822 'rolal ftiiids cai'i'ied forward 15 40,858 40,858 37,OC)9 All of tlie cliai'ity's activities delive fi'om continuing operations during the above two periods. Tlic fiinds bi'eakdowii for 2024 is sliown in i)oie 15. Thc notes oji pages 9 to 15 forin an inlegral part of tliese fjiiancial stalemenls. P2Lie 7 'rhe Stevenson Centre (Registration numbei.: 1067925) Balance Sheet as at 31 March 2025 2025 2024 Note Flxed assets Taiigible assets 10 3.967 6.452 Ciirrent assets Debioi's Casli at bank and in hand 5,777 34,921 4.319 31,362 12 40,698 35,681 Creditors: Amounts falling due wlthin one year 13 3,807 5,064 Net cui'i'eiit assets 36,891 30,617 Net assets 40.858 37.069 Fuilds of tlie eliaj'lty: Uni'esti'ictcd income funds Ui)I'esli'icled fuiids 40,858 37,069 'rot81 funds 15 40,858 37,069 Tlle financial slateinents on pagcs 7 to 15 were approved by tlie Trustees. The Ti￿stee has autliorised these for issue on . and sigi)ed on behalf by.. Mr T J Keane, Trustee Chairnian, for and on behalf of Great Cornard Pai'isli Council Tmstee The notes on pages 9 to 15 fonn an integral part of tliese fiiiancial statements. P8ge 8 The Stevenson Centre Notes to the Financial Statements for the Year Ended 31 March 2025 l Accounting policies StateDieiit of coinpliaiice The financial slatemenls have been prepared in accordance with Accounting and Repoiting by Charities: Sialenient of Recoiiiiiicnded Practice applicable to charilies preparing Ilieir a¢¢ounts in accordance willi dic finaiicial Reporting Standard applicablc in the UK and Republic of Ireland (FRS 102) (cffeetive l January 2019) - (Chai'itics SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) and the Chai'ities Act 2011. Bxsis of prepai'alion Tl)e Steveiison Ccnli'e nieets the definition of a public benefit entity under FRS 102. Tljc accouiits (fiiian¢Aal staleinents) Iiave bcen prepaird under the historical cost convention wlth items recognised at cost or transaction value ui)less otheiwise stated in the relevant note(s) to these accounts. Goiiig coiicei'i) 'ri)e Sciiioi. Manageinent Teain of the Trustee considers that there are no inaterial unceilainties about Il)e Chai'ity's ability to conliniie as a going concern. Tl)e charity will receive continued support fi'oin Ilie Gi'eat Cornai'd Pai'isli Council lo ensure that it is able to conlinue to trade as a going concern. Judgejneiits Apai'l from Iliusc judgcin¢nts involving eslimalions, the managemcnt has not made any judgemcnls in Il)e process of applying Ilie entity's accounting policies that have significaiit effect on Ihe aiiiounls recogiii.sed ii) Ihe accounts. Key soui'¢es of estlinatloii uncertainty Tliei'e al'e no key assuinplions concerning the future or other key sources of &stiii)ation uncertainty al thc repoi'liiig dale tliat l)ave a significant risk of causing a material adjustii)ent to tlie carrying aiiiounts of asse15 and liabilitics witliin tlie next i'eporting period. Income and endo)vments Voluntary ineoine including donations that provide core funding or are of a general nature, is recognised wlien the chai'ity has entitlemcnt to the incoine, it is probable that the income will be received and th¢ aiiiount can be ii)easured with suffLcient reliability. Doiillled services aiidfacililie. Donated goods and services include lime froin employees of G￿at Comard Parisli Council alongside plione and pliotocopier costs. Clifti'itable aclivilie.s Incoine from charilable activities relates to the hire of the Cominunity Cenlre in order for tlie Cl)arity to ineel its charitable objects. Income fi'om this sOu￿e is recognised when there is entitlement to the income, tlie amount is measurable and receipt is probable. Page 9 The Stevenson Centre Notes to the Financial Statements for the Year Elided 31 Mayeh 2025 (continued) Expondltui'e All expendi￿re is recognised once there is a legal or constnictive obligatioii to tliat exiienditui'e. it is probable setileniciil is required and the ainouni can be measured rcliably. All costs aye allocaled io tSie applicable cxpenditure headiiig that aggi'egate similai. costs to that category. Clillrilable acliviiles. Chai-ilable expendittire ￿)npliS¢$ those costs iii¢UTred by Ilie cliarity in Ilie dclivery of its aclivilies and sei'vice% foi. ils beiiefiLiai'ies. It includes both costs t118t Can be allocaled directly to sucl) activitics aiid tliose costs of an indii'ect iiature Jiecessary to support then). Gavernance c(Ists Tliese includ¢ Ili¢ costs altribuiable to the charity's compliarLce willi constitutional and stalutory i'equii'emenls. TAxatlon Tlie cl)arity is potentially exempt froni taxation iii respc¢l of incoinc oi- capital guiiis received to Ilie extcjjl thal sucli in¢ome oi. gains al'e applied ex¢lusively lo charitable purposes. 'rAiigible flxed Assets Individual fixed a$8ets are initially itcorded at cosl, less any subscquenl accuinulaled depreciation and subsequent accuiiiulated iinpaiiiiienl losscs. Depi'eeladon and amort182tlon Dcpreciatioi) is provided on tai)8ible fixed assets so as lo wi'ite off die cost oi. valuatioi), less ally eslimal¢d residual value, over thcii. expected useful economic life as follows". As$et Llass Fumilure and eqiiiptnent Office ¢qiiipment Otl)er tangible fixed assets Depreciation method and l'ate 200/0 StraighL liiie inetliod 330/0 Straigl)t liiic iiielliod 20 /0 Straiglit liiie niethod 'I'vAde delitovs Ti'ade debiois are aniouiits due froln Customers for hall rental servi¢¢s iii the ordiiiary coui'se of busine5S. Ti'ad¢