STRATFORD ST ANDREW & FARNHAM COMMUNITY CENTRE CHARITY NUMBER 1072551 STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
STRATFORD ST ANDREW & FARNHAM COMMUNITY CENTRE TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Charity Number 1072251 Correspondence Address Maureen Greaves. Pampas. Great Glemham Road, Strafford St Andrew, Saxmundham. Suffolk. IP17 1LL Trustees The following Trustees have serrfed durlng the year. unless indicated otherwise: Steven Homer, Chair Maureen Greaves (retlred 31 March 2024) Hllary Plant Judith Davm Spatchett (resigned 15 October 2024) Rosemary Conibeer (appointed 9 February 2024) Dolores Homer (appointed 14 May 2024) David Pass (appointed 25 June 2024) Jacqueline Plant (appointed 23 July 2024) Professlonal Advlsors Legal Advisors - Pulham & Co, Market Place, Saxmundham, Suffolk, IP17 1AG Bankers- HSBC, 20 High Street. Saxmundham. Suffolk, IP17 1DB COIF Charities Fund, Senator House, 85 Queen Vidoria Street, London. EC4V 4ET Independent Examiners- Ensors Accountants LLP, Blyih House, Rendham Road, Saxmundham. Suffolk. IP17 1WA Statement of Trustee, responslbllltles Charity law requires the trustees to prepare financial accounts which gNe a Iwe & fair view of the state of affairs of the charity. In preparing those financial accounts, the trustees are required to: Select suilable accounting policies Make reasonable and prudent judgements and estimates State whelher applicable accounting standards have been followed: subject to any material departures disdosed and explained in the financial accounts. The trustees are responsible for keeping proper accounting records which disdose with reasonable accuracy at any time the financral p051tion of the charity and lo enable them to ensure that the financial accounts comply wilh the Charib'es Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
History, Objectives and Activities of the Trust The charity was registered in November 1998. The purpose of this was io raise funds and build a new community cenlre lo repla the exists'ng hall which was run by a separale charity. This was built in the 1920's and was no longer viable. Funds were successfully raised; land was leased from Stratford St Andrew Parish Council and the hall was built. The new hall was officially opened in March 1998. Surrounding land of 5.2 acres was purchased for amenity purposes. An extension to the hall was added. largely from Selfenerated funds. Management and Governance Arrangements The Trust Deed provides for a minimum of 3 and a rnaximurn of 8 trustees. Were there a requirement for new trustees, Ihese would be identified and appointed by Ihe remaining trustees. The chair of trustees is responsible for the induction of any new trustee which involves awareness of a trustee's responsibilities, the goveming document, administrative procedures. the history and philosophical approach of the charity. A new twstee would receive copies of Ihe previous year's annual report and accounts and a copy of the Charity Commission leaflel 'The Essential Trustee: What You Need lo Know.. The existing trustees have held office for over 10 years. The trustees annually review the risks thal the charity faces. To date these have mainly related to the management and the running of the community centre. There are also minor areas of risk relating to employing staff which have been covered by proper procedures and insurance. Achlevements and Perfomiance of the Trust The Trustees conlinue to maintain the Centre to a very high stsndard. Maintenance and repairs are carried oul on a regular basis. Due to the age of the Centre various items have had to be replaced this year, including a new water heater, ice maker. control box for a security camera, printer and security light. We have also replaced the ceiling lights in the main hall with modem LED fittings. An addition to the Centre has been the purchase of a pressure washer. Financlal Revlew. Investment Pollcy and Reserves The accounts are revlewed on a regular basls and reconciled monthly. Money is transferred from the Riverside Social account to the SSA and FCC account when needed, and any surplus is Iransferred to the CCLA for unexpected capital expenditure and to continue paying off the PWLB loan (taken out when the building was first erecled).
Future Plans An extemal door is booked to be replaced in January 2025. It is intended to replace the floor polisher and light in the disabled toilet. We also need to address various requirements in order to renew our insurance. Our chairman retired in March 2024 and another Twstee retired in October 2024. A new Chaimian was appointed and 3 new Truslees have joined the commitlee durlng the year. All Trustees are aware of their duties to maintain the Centre to a very high standard and to keep a close check on all financial decisions. Independent Examiner The trustees intend to reappolnt the estIng independent examiner for the following year to 31st December 2025. Steven Homer Chair
STRATFORD ST ANDREW & FARNHAM COMMUNITY CENTRE INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 I report on the accounts for the year ended 31 December 2024. which are set out on pages 6 to 7. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's Irustees are responsible for Ihe preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of Ihe 2011 Acl: to follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act; and to state whether particular matters have come to my attentlon. BASIS OF INDEPENDENT EXAMINER'S REPORT The examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of Ihe accounts presenled wilh those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The ProdureS undertaken do not provide all the eviden that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view. and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENTS In connection wilh my examination, no matter has come to my attenlion: (1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with Ihe accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, In my opinion, attention should be drawn In order to enable a proper understanding of the accounls to be reached. C PAGE ENSORS ACCOUNTANTS LLP BLYTH HOUSE SAXMUNDHAM IP17 1WA
STRATFORD ST ANDREW & FARNHAM COMMUNITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 All unrestricted fvnds 2024 2023 INCOME AND ENDOWMENTS FROM Voluntary Income 18,779 16.683 Govemment Grants Income from Inveslments 832 647 Community Cenlre Activities 19,577 26.824 Miscellaneous Income 1.972 2.669 Total Income 46,823 EXPENDITURE ON: Fundraising & Trading Costs Community Centre Costs 39,508 39.796 Olher Expendlture 3,155 2,990 Totsl Resources Expended 42,663 42.786 NET MOVEMENT IN FUNDS (1.503) 4,037 Balance brought forNard 235,912 231.875 BALANCE CARRIED FORWARD 234,409 235,912
STRATFORD ST ANDREW & FARNHAM COMMUNITY CENTRE BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Tangible Assels Fixed Assets 216,019 222,949 Current Assels Prepayments Deblors Cash at bank & in hand 1,124 23,569 24.693 1.142 20,217 21,359 Creditors (due within 5 yéars) Community Centre Costs Income in Advance Public wkS Loans 107 360 8.289 8,396 6.304 Net Current Assets Total assets less current liabilities 234.409 235.912 Creditors (due in over 5 years) 234.409 235,912 Reserves General Fund Brought Forward 235.912 231,875 Surplus for the year (1,503) 4,037 234,409 235.912
STRATFORD ST ANDREW & FARNHAM COMMUNITY CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. ACCOUNTING POLICIES Basis of Accounting The financial 5taternents have been prepared in accordance wth the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) and the Charities Act 2011. In preparing the accounts. the trustees have considered whether in applying the policies required by FRS 102 and Ihe Charities SORP 102 8 restatement of cornparative items was needed. No restatements were required. The charity constitutes a public benefit entity as defined by FRS 102. Tanglble fixed assets and depreciation Tangible fixed assets are stated at c(kst less deprecJalion. Depreciation is provided at rates calculated to wrile off the cost less estimated residual value of each asset over its expected useful Ilfe. as follows: Land- not deprecialed Buildings- 2.50/0 reducing balance Equipment- 7.5 % reducing balance Playground Equipment- 7.5°/o reducing balance 2. TANGIBLE FIXED ASSETS Land Buildings Equipment Playground Equipment TOTAL COST At 1 January 2024 Additions Disposals At 31 December 2024 20,356 335.261 65,279 1.828 32.085 452,982 1,828 335 261 454,810 DEPRECIATION At 1 January 2024 Charge for the year On disposal At 31 December 2024 175,972 4,019 37,916 2,600 16,144 2,139 230.032 8.758 179 991 40.516 18.283 238.790 NEf BOOKVALUE At 1 January 2024 20.356 159,289 27.363 222.949 At 31 December 2024 20.356 155,270 26,591 13,802 216,019
STRATFORD ST ANDREW & FARNHAM COMMUNITY CENTRE NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024 3. EMPLOYEES Number of Employees During the year the number of employees paid by the charity (on a full time equivalent basis) was: 2024 2023 Management Fundraising Charitable Work Remuneration of Employees 2024 2023 Management Fundraising Charilable Work 4. FUNDING FOR BUILDING Grants received in 1998 amounted to £85,000 from the National Lottery Charities Board Community Fund. Aso £31.490 in 2003 from the sale of the 'Old Hur. 5. LONG TERM LOANS These consist of Public Works Loans via the Parish Council. 2024 2023 Public Works Loans - due wthin S years Public Works Loans- due after 5 years 8,289 5,944 8,289
STRATFORD ST ANDREW & FARNHAM COMMUNITY CENTRE DETAILED INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Income Voluntary Income: Riverside Social Club Donations 18.519 260 16,206 477 18,779 16.683 Government Grants ESDC Grants Aclivilies for Generating Funds Fundraising Income Trading Income: Hall Lettings Vending Machine 19,577 26,824 19,577 26.824 Investment Income: Interest Received 832 647 Miscellaneous Income: E-on Receipls- Solar Panels Grants 1.972 1,974 695 1,972 2.669 Total Income Expend2024 Iture Direct charitable re Riverside Centre Booking Clerk Energy Insurance Cleaning Telephone Water rates Repairs Refuse Collection Licenses Playground Inspection Grounds Deprecialion Stationery 6,804 10.058 1,838 3,180 1,048 6.264 7,879 1.602 2.416 726 160 8,039 877 884 107 1,431 8,815 596 2,811 1.118 906 118 2.651 8,758 207 39.508 39.796 Govemance Costs Sundry Expenses Professional Fees Bookkeeping Fees Loan Interest Bank charges 1.289 756 657 372 81 1,144 714 562 480 90 3.155 2.990 Total Expenditure 42.663 42,786 Excess of Income over Expenditure 1,503 4.037 10