Newbury Community Resource Centre Limited
(a company limited by guarantee)
Registered Company number 03998851
Charity number 1082243
Annual Report and Accounts
2023 - 2024

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
CONTENTS
CONTENTS
Charity information
Trustees, report
Independent auditorfs report
Financial reports

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and Administrative Details
Company registered number
03998851
Trustee Board
Charity registered number 1082243
The Trustees serving during the year
and since the year-end were as
follows:
Registered Office
Chair- John Unsworth
NCRC, Unit F, Hambridge Road
Industrial Estate, Bone Lane, Newbury,
Berkshire, RG14 SSS
Vice- Chair- Gillian Durrant
Treasurer- Alex Money
Trustees
Independent Auditor
Pat Phipps
Peter Hulme (resigned 25.4.2024)
Sally-Ann Jay
Lesley Reilly
Brinsley Snowdon (appointed
30.01.2025)
UHY Ross Brooke, Windrush Court,
Abingdon Business Park, Abingdon,
OX14 ISY
Bankers
Lloyds Bank plc, 5 Bridge Street,
Newbury, Berkshire, RG14 5BQ
Senior Management Team
Kelvin Hughes, Chief Executive and
Company Secretary
Solicitors
Jo Exelby, Finance and Administration
Manager
Gardner Leader Solicitors, White Hart
House, Market Place. Newbury,
Berkshire, RG14 5BA
Christine Newman, Project Manager-
Community Furniture Project (Newbury)
Phelim O'Hagan. Project Manager-
Community Furniture Project
{Basingstoke)
Joe McKay, Project Manager- Training
& Community Support
Sharon Chapman, Project Manager-
Growing 2gether
Patrons
Simon Hunt
John Austin (deceased 12.2.2024)

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
TRUSTEES, REPORT
Statement from our Chair
Welcome to our 2023- 2024 Annual Report
As we move towards our 25th year of
operation, it is sad to reflect that the
issues we set out to address are as
relevant now as they were in 2000. But
whilst this may be the case, when
reviewing the impact and
achievements of the charity over the
last year, it is heartening to note that
there remains in the community, be it
amongst staff and volunteers or the
wider community, the same desire to
help those less fortunate than
themselves.
Providing a rapid, practical and
empathetic response to people who
are in such urgent need or crisis is at
the heart of what we do. Whether it
be delivering a bed within the hour to
a person returning from a hospital stay
or fully equipping a home for a family
moving out of emergency
accommodation, the charity will
always try to help.
We could not deliver our services
without the hard work and dedication
of our staff and volunteers. During the
course of the year over 300 adults and
young people gave their time and skills
to assist in the delivery of our services.
Similarly, without the support of our
donors, who provide financial support
and donations of reusable items, we
would be unable to continue our work,
We continued to do'more ofthe
same, throughout the year- both in
providing household goods for those in
need, as well as supported training
and volunteering activities to some of
the most vulnerable members of our
community.
What is described in the media as the
Cost-of-Living Crisis has become a
continuing reality for many, and is
perhaps better described as on-going
poverty. An increased number of
individuals and families are finding it
hard, if not impossible, to meet their
essential needs, despite often being
engaged in full-time employment.
Many vulnerable and disabled adults
in the local community are long-term
participants in our supported
volunteering and accredited training
projects. Each year, they are joined by
more newcomers both young and old.
Last year, 78 adults with learning
disabilities undertook various
Supported Volunteering activities.
These person-centred services are
provided using a community-based
approach to enable vulnerable people

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
TRUSTEES, REPORT
to take an active and meaningful role
in delivering essential services that
support the wider community.
Our work in promoting environmental
education, through the provision of
The Forest School, supported
volunteering and community
horticulture activities, continued to
evolve. Members of the team offered
ever more creative ways of passing on
these vital life lessons to young people
and families during the year.
Our financial performance last year was
up on budget. A surplus of £64,329 was
recorded against a budgeted surplus of
£19,804. Grant income was up on
budget by £60,489, with sales income up
by £112,160, putting total income at
£2,217,568. Total expenditure was
£2,153.239.
Due to the wide range of activities
undertaken during the year, the
following report can only provide a
snapshot of the outputs and outcomes
achieved. We trust that you will find it
informative and inspiring.
John Unsworth
Chair of Trustees

STRATEGY AND PERFORMA
Providing Help and Hope to Those in
Most Need
Our People
The NCRC is fortunate to have a team
of experienced and highly committed
staff and volunteers. Their wide range
of skills and empathetic approach
ensures that all services are delivered
in an efficient, effective and respectful
way.
With an almost seamless transition
from the challenges of Covid to those
of the Cost-of- Living Crisis, many
people we support have had little or
no resplte in the challenges of keeping
afloat, not only financially but also in
terms of their mental health. Those
who were already at a disadvantage
prior to these additional challenges
often feel even more of a sense of
hopelessness and despair.
The NCRC has always aimed to help
those who are most in need in our
local community, including residents
who are struggling financially, adults
and young people with learning
disabilities, physical disabilities, mental
health issues, the unemployed and
young people who are excluded from
mainstream education and/or are
youth offenders.
We run a number of community
projects. including two furniture
recycling centres, a training and
community support centre, where we
repair donated items, and a
community food growing and
environmental education project.
Those who join us are able to learn
new skills, gain accredited training,
make new friends and become part of
a caring community.

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
TRUSTEES, REPORT
Services Provided in 2023 - 2024
thecommunity
furnitureproject
Community Furniture Project {CFP)
(Basingstoke)
The Project, like the Newbury
Project, provides practical support
for people through furniture,
household goods and appliance
reuse, together with varied
volunteering, supported
volunteering and accredited
training opportunities.
Community Furniture Projert {CFP)
(Newbury)
The Project's extremely popular
used furniture and household goods
reuse service, together with its
lively volunteering opportunities,
continued to operate successfully,
despite the additional challenges.
Our Project enables people to
donate items, knowing that they
will be put to good use in helping
others to improve their living
conditions and benefiting the most
vulnerable members of our local
community.

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
TRUSTEES, REPORT
MT&CS
A•GROWING
V2GETHER
Training & Community Support
Training and Community Support
(T&CS)
Growing 2gether (G2G)
Based on a 1.5 ha site at Cottismore
Park near Kingsclere, Growing
2gether functions primarily as a
horticultural therapy and
environmental education centre for
adults and young people with
learning disabilities, physical
disabilities and mental health
issues. It also functions as a food
growing hub for all members of the
local community and provides a
range of environmental education
activities for children.
T&CS focuses on the delivery of
services for adults with complex
learning disabilities, people with
mental health issues and young
people not engaged in mainstream
education. Services include
opportunities for individuals to
learn practical, transferable skills
and build relationships in a flexible,
supportive environment. We seek
to inspire them to "think big" in
terms of what they can achieve.
1111111,

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
TRUSTEES, REPORT
Our Work
The NCRC works across three main areas:
Poverty alleviation
Training, skills development and community support
Promoting education and environmentally beneficial activities
The Year in Numbers
Supplied free of charge to 477 families and individual household goods to the
value of £143,334
1,324 bed/nights provided for people who were street homeless
Reused 78,934 household items
Reused 840 bicycles
Constructed 505 new items of furniture
145,610 customer visits
18,483 donations of furniture and household goods received
4,187 household collections of donated goods completed. 3,272 deliveries of
furniture to people's homes
78 adults and young people with learning disabilities were engaged in
accredited learning
Tested and repaired 3,560 electrical items
Reused & recycled 721 tonnes of furniture, appliances and other bulky waste
Through selling furniture and electrical items at low cost we saved people at
least £4,182,681
Saved 1,502 tonnes of C02 equivalent through diversion of household items
from landfill
Volunteers contributed 89,431 hours of their time
Over 8,200 sessions attended at our Projects by young people and adults
with learning disabilities or mental health issues.

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
TRUSTEES, REPORT
POVERTY ALLEVIATION
Despite operating the charity in one of
the wealthiest areas of one of the
wealthiest countries in the world, on
an almost daily basis we come across
families without access to the most
basic items needed to set up and
maintain a safe and healthy home.
Whether it be a child without a bed to
sleep in, or a whole family without
access to a cooker or other means to
prepare hot food, sadly the need for
support is not diminishing.
home and all items are needed at the
same time, it is even more
unaffordable.
Through the Essential Household
Goods Support Scheme (EHGS}, the
charity continued to provide support
to these most vulnerable members of
our local community during the year.
EHGS cases supported rose by 16Yo to
477 (since 2021-22 total increase has
been 640/0). EHGS has been, and
continues to be, invaluable in helping
people in desperate need, including
the homeless, victims of domestic
violence and people struggling with
poor mental health.
'Furniture poverty, defined by
the Campaign to End Furniture
Poverty as 'an inability to access,
or afford to buy or maintain,
basic household furniture and
appliances needed to achieve a
safe and healthy living
environment,.
The majority of people helped through
our EHGS scheme continue to be
either facing financial hardship,
homeless and moving into temporary
accommodation, victims of domestic
violence or people returning from a
period of detention under the Mental
Health Act.
Basic furniture and white goods are
the most expensive, and therefore
unaffordable, items for many families
suffering from financial insecurity.
Delivering cost effective and timely
support to families in this position is
one of the absolute priorities of our
work.
Demand for bicycles for travelling to
and from work and school also grew as
a result of increased costs of transport.
When families and individuals are
already in financial distress, additional
costs can lead them to borrow from
companies charging very high rates of
interest. Where people are setting up
io

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
TRUSTEES, REPORT
TRAINING, SKILLS DEVELOPMENT
AND COMMUNITY SUPPORT
both during the day and for evening
events.
The Projects continued to provide a
range of opportunities for the most
vulnerable members of our
community to engage in supported
volunteering. T&CS and CFP
(Basingstoke) operate woodwork,
furniture, electrical and bicycle
workshops that produce finished
goods for the shops. In addition, they
also deliver a range of accredited
training courses. Delivered in a
supportive environment, these courses
give opportunities to people who
might not otherwise readily access
training.
The Projects are widely acknowledged
as an example of the positive impact
people with very complex disabilities
can have in their community when
they are well supported by trained and
experienced staff and volunteers.
A range of targeted schemes are run
by the Projects including:
Rebike- repairs and reuses donated
bicycles. The scheme is entirely
volunteer-run and supports volunteers
with disabilities and young people
excluded from school. The project
supplies schools with bikes to enable
pupils from more remote areas to
cycle to school, as well as undertaking
rider training.
Participants are predominantly adults
and young people (aged 14-19) with
learning disabilities, adults with
physical disabilities and/or mental
health issues. We work in partnership
with a wide range of organisations to
provide opportunities for these groups
to participate in meaningful work
experience, training and volunteering
activities.
Bicycles are also supplied free of
charge to enable people who have
secured employment but have no
access to personal transport to get to
work, as well as to refugees to enable
them to access volunteering activities.
Kitchenwise - is a training kitchen
providing opportunities for volunteers
and trainees to develop independent
living skills by producing a range of
nutritious meals throughout the week.
Support is provided based on an on-
going assessment of an individual's
requirements. with a focus on
maximizing independence. This may
require I:1 support on occasion (which
we provide). The Projects also operate
transport that enables people to
access our services from even the
most remote rural areas of the District,
li

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
TRUSTEES, REPORT
Community Crew- supports people
with learning and physical disabilities
by engaging in countryside and
environmental maintenance activities,
such as footpath clearance. The group
is responsible for keeping 96 footpaths
across West Berkshire clear of litter
and obstruction from encroaching
hedges and trees.
The project focused on supporting
homeless people in West Berkshire
who are categorised as 'non-priority'.
As such, the local authority does not
have a duty to accommodate them.
During the winter period, the risk to
the health and well-being of people
rough sleeping is considerably higher
and so the local charities and West
Berkshire Council designed the project
to alleviate this risk for at least the
winter period.
Winter Homeless Project - local
homeless support charities came
together in the autumn of 2023 to
provide people who would otherwise
have been street homeless in West
Berkshire with access to a safe place to
sleep during the winter months.
Emergency accommodation in local
hotels and bed and breakfasts
provided a break for rough sleepers to
get some essential respite from the
harsh reality of their daily lives on the
streets, as well as providing time for
people who were newly homeless to
put together a moving-on plan. A total
of 37 people were supported by the
project, with a total of 1.324
beds/nights provided.
The project partners worked together
and with other relevant organisations,
including other charities, WBC
departments, DWP and the NHS, to
provide tailored support for each
individual to help them to move on as
soon as possible from the temporary
accommodation provision to a longer-
term solution to meet their needs.
Refugee Support- We continued to
provide support to a wide-ranging
group of refugees being hosted or
resettled in West Berkshire under
various Government schemes.
This included Ukrainian refugees being
settled under the Homes for Ukraine
Scheme. Afghan refugees being settled
in West Berkshire under the two
Government schemes (ARAP and
ACRS) were also supported. Support
included furniture and household
goods as well as bicycles, sports
equipment and laptop computers. In
addition, we continued to support
The NCRC took on the project
management and coordination and
acted as the accountable body for the
partnership with West Berkshire
Homeless, Newbury Soup Kitchen,
Loose Ends Newbury and West
Berkshire Council's Rough Sleeper
Team. Funding was provided by the
Greenham Trust, Sheepdrove Trust
and the Government's Household
Support Fund.
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THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
TRUSTEES, REPORT
those hosted temporarily in hotels
whilst awaiting settlement.
Christmas Toy Appeal - was run in
Newbury and Basingstoke and
provided over 1,600 children with a
range of presents which otherwise
their parents and guardians would
have been unable to afford.
Asylum Seeker Support- We
expanded our partnership work with
West Berkshire Action for Refugees.
This has included providing them with
free office and training facilities at our
Newbury site. Material support
provided for asylum seekers included
the provision of household goods,
bicycles and laptops as well as
volunteering activities at T&CS.
CFP FC- is our football team, which
competes in the Berks, Bucks and
Oxon Social Inclusion Football League
as well as playing friendly matches
against other local and regional teams.
For the second year in succession the
team won the Conference League.
00..
13

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TRUSTEES, REPORT
ENVIRONMENTAL EDUCATION
training and develop a range of skills,
including landscaping, site
maintenance, arboriculture and basic
mechanical plant maintenance.
All our Projects generate positive
environmental outcomes. By
engaging in the circular economy, we
generate both social (see above) and
environmental benefits. Our
Growing 2gether Project delivers
both social and environmental
education services. The project
functions as a horticultural therapy
centre, providing outdoor
volunteering and training
opportunities for adults and young
people with learning disabilities,
physical disabilities and mental
health issues. It also delivers a range
of environmental education services
aimed primarily at children,
including:
Forest School Artivities - based at a
six-acre wood on the River Lambourn
in Newbury provides children with an
education in the importance of
biodiversity and wildlife for the
future, using outdoor play and
learning. This involves the children in
habitat building, river dipping and
the identification of wildlife as well as
learning about environmental
stewardship.
Nature Knowledge - delivers
sessions for local primary schools and
children's groups, focusing on
teaching children about nature and
wildlife through outdoor play.
Forest First - is a free toddler group
run by the Project to enable children
and parents to engage in learning
about the natural world through play,
craft and storytelling activities.
Grounds Maintenance- G2G
undertakes grounds maintenance at
the New Greenham Business Park (a
114-acre site) and a number of other
smaller sites around Newbury. This is
undertaken in order to deliver
opportunities for volunteers and
trainees to undertake accredited
14

GOVERN
NCRC'S objects are to:
Public Benefit
The Trustees have complied with the
duty in section 17 of the Charities Act
2011 to have due regard to public
benefit guidance published by the
Charity Commission.
The support of persons who
are in need by reason of
their youth, infirmity, or
disablement, poverty or
social and economic
circumstances in particular
but not exclusively by
providing re-usedfurniture
and household goods to
support independent living.
The company is a registered charity
who-
a) provide re-used furniture and
household goods to relieve those in
need by reason of poverty, social or
economic circumstances, youth,
disability or infirmity;
The support of people
with special needs or at
social disadvantage in
particular by the
provision of training and
work opportunities.
b) provide training, work and
volunteering opportunities,
particularly to those with special
needs, or at a social disadvantage, and
To advance the education of
members of the general public,
particularly in environmental
matters.
c) promote conservation and
protection of the natural environment,
through our sustainable waste
management practices, our
environmental projects and through
educating the general public.
To promote the conservation,
protection ond improvement
of the physical and natural
environmentfor the public
benefit by promotion of
sustainable waste
management practices
including waste minimization,
reduction of pollution and
harm from waste, reuse of
waste, recycling of waste,
and waste recovery activities.
Governing Document
The organisation is a charitable
company limited by guarantee,
incorporated on 22 May 2000 and
registered as a charity on 31 August
2000. The company was established
under a Memorandum of Association
which established the objects and
powers of the charitable company and
is governed under its Articles of
Association. In the event of the
15

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
TRUSTEES, REPORT
company being wound up, members
are required to contribute an amount
not exceeding £10.
Board Composition
The more traditional business and
professional skills are well represented
on the board of trustees. In an effort
to maintain this broad skill mix,
members of the board are requested
to provide a list of their skills (and
update it each year) and in the event of
particular skills being lost due to
retirements, individuals are sought
who possess the required skills.
Methods of recruitment include
approaches to individuals to offer
themselves for election to the board,
posting of vacancies through the local
Volunteer Centre {and recruiting from
the existing volunteers supporting the
organisation).
Good Governance
Trustees recognise the importance of
good governance as fundamental to
the success of the NCRC and have
adopted the Charity Governance Code.
The Board of Trustees
The directors of the company are also
charity trustees for the purposes of
charity law.
Under the requirements of the
Memorandum and Articles of
Association, the members of the board
are elected to serve for a period of
three years, after which they must
seek re-election at the next Annual
General Meeting.
Risks
The trustees are responsible for the
management of the risks faced by the
organisation. Detailed considerations
of risk are delegated to the Chief
Executive. Risks are identified,
assessed and controls are established
throughout the year. A formal review
of the charity's risk management
processes is undertaken on an annual
basis.
All members of the Board of Trustees
give their time voluntarily and received
no benefits from the charity.
Through the risk management
processes established, the trustees are
satisfied that any major risks identif led
have been adequately mitigated where
necessary. It is recognised that
Systems can only provide reasonable,
but not absolute, assurance that major
risks have been adequately managed.
16

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
TRUSTEES, REPORT
Safeguarding
The NCRC is subject to annual
inspection by West Berkshire
Council's Care Quality Team with a
focus on safeguarding and the quality
of care delivered by the NCRC to
children, young people and
vulnerable adults,
NCRC believes that it is always
unacceptable for a child, young
person or vulnerable adult to
experience abuse of any kind and
recognises its responsibility to
safeguard the welfare of all children,
young people and vulnerable adults,
by a commitment to practice which
protects them.
The trained and supported
safeguarding lead for NCRC is Joe
McKay, Project Manager, Training
and Community Support Centre,
NCRC.
The NCRC provides staff and
volunteers with on-going training and
guidance on procedures they should
adopt in the event that they suspect
a child, young person or vulnerable
adult may be experiencing, or be at
risk of, harm.
Partnerships
We maintain good working
partnerships with a large number of
statutory and private organisations,
including Greenham Trust, West
Berkshire Council, Basingstoke and
Deane Borough Council, Hampshire
County Council, Hart District Council,
Reuse Network, Veolia Environmental
Services, SNG Housing Group, Vivid
Housing and Newbury Town Council.
These relationships enable us to
extend the range of services we offer
to everyone's benefit.
The NCRC also has policies and
procedures to deter those unsuitable
to work with children and vulnerable
adults, including an application
process that takes up references and
carries out DBS checks on staff and
volunteers where applicable.
NCRC believes that the welfare of
children, young people and
vulnerable adults takes priority over
the individual's right to
confidentiality, and we have a duty to
disclose abuse to the appropriate
agency if deemed necessary, without
consent. In these circumstances, the
Confidentiality Policy as set out in the
NCRC Code of Conduct together with
NCRC data protection procedures,
may be overridden.
17

FINA
AL REVIEW
Finance
The organisation also has obligations
under a Final Salary scheme, from
which it withdrew in 2010. As at the
30th November 2024, this stood at
£45,592, which was the net present
value of the deficit reduction
contributions payable under the
agreement relating to the deficit. This
was a decrease in the year of £20,691.
Incoming resources during the year
increased by £441,287 (24.84 %), with
total resources expended increasing by
£347,838 {19.26¥.), resulting in a
surplus of £64,329 (2023: deficit of
£29,120). Of total resources
expended, 97.87°A were direct costs of
charitable activities, in line with the
objectives of the organisation.
Reserves
The charity raised 77.5% of its income
(£1,718,662) through primary purpose
trading during the year, with a
£147,140 (9.36%) increase in income
on the previous year. Total income
from donations and legacies received
during the year increased by £294,138
(143.620/0) to £498,934. Cash and cash
equivalents reduced by increased by
£100,945 to £390,271.
The Trustees believe that the charity
should hold financial reserves because:
l) It has no endowment funding and is
entirely dependent for income upon
donor funding and sales income from
year to year which is inevitably subject
to fluctuation and;
2) It requires protection against and
the ability to continue operating
despite catastrophic or lesser but
damaging events.
In line with current legislation, the
organisation contributes towards a
Defined Contribution Pension
Provision for all eligible staff. The
organisation contributes 4Yo, With the
employee contributing 3%. Should an
employee wish to increase their
contribution rate beyond this, the
organisation will match fund up to a
maximum of 6¥0.
The trustees believe that the
minimum level of reserves should be
equivalent to three months
operating costs, costs of closure and
costs of clearing leasehold
obligations calculated and reviewed
annually, and believe that the
reserves should be built up to the
desired level in stages consistent
with the charity'5 overall financial
position, and its need to develop and
maintain its charitable activities.
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THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
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The free reserves, i.e. those not tied
up in fixed assets and designated
funds, held at 30th November 2024,
amounted to £240,101, whereas three
months, expenditure {excluding
depreciation) is £546,024.
Scheme, we aim to continue
meeting the need as best we can.
Through a combination of support
from the Greenham Trust, West
Berkshire Council (Household
Support Fund) and self-generated
income we believe that we will be
able to meet the challenge.
Fundraising
The NCRC limits fundraising activity
to applications to funders who
publicly promote themselves as
providers of grant support to
charities. In order to ensure that
such applications are not overly
speculative, the organisation
subscribes to a number of directories
which provide updated information
on active funders and the criteria
they apply in availing support to
applicants. The NCRC does not carry
out direct marketing to individuals
but does accept donations freely
offered by the public.
The work to secure new premises
for the Community Furniture Project
{Basingstoke) will continue to be the
main development aim of the
charity. Major advances were made
during the year with both the
Greenham Trust and Basingstoke
and Deane Council agreeing to
support the endeavour. In addition
to the new premises, significant
additional funding above and
beyond that which can be realised
from regular trading activities, will
be required and the fundraising
campaign launched last year will
continue.
The charity is registered with the
Fundraising Regulator and abides by
the Code of Fundraising Practice.
In addition, the following
development activities will be
undertaken in order to ensure that
the charitvs human and material
assets generate the best outcomes
for our beneficiaries:
Outlook
The charity plans to continue the
activities outlined above in the
forthcoming years, subject to
satisfactory funding arrangements.
Continuation of the upgrade to the
charity's IT systems to reduce
duplication and enhance data
sharing.
Formalising the partnership with the
West Berkshire Poverty Forum in order
As reported above what began as
the Cost-of-Living Crisis has for many
become a situation of persistent
poverty. Through the charit¢s
Essential Household Goods Support
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THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
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to ensure the continuation of the
essential household items to the most
vulnerable members of the
community.
United Kingdom Accounting Standards
(United Kingdom Generally Accepted
Accounting Practice).
Company law requires the Trustees to
prepare financial statements for each
financial year. Under company law, the
Trustees must not approve the
financial statements unless they are
satisfied that they give a true and fair
view of the state of affairs of the
charitable company and of its
incoming resources and application of
resources, including its income and
expenditure, for that period. In
preparing these financial statements,
the Trustees are required to:
Seeking to increase the supply and
fitting of flooring for families with
young children
In partnership with the Reuse
Network promoting the positive
benefits of reuse and its contribution
to the Circular Economy
We are confident that despite the
financial pressures, we will continue
to offer the highest levels of service,
performance and cost effectiveness
in the coming year.
select suitable accounting
policies and then apply them
consistently;
observe the methods and
principles of the Charities SORP
(FRS 102);
make judgements and
accounting estimates that are
reasonable and prudent.
state whether applicable UK
Accounting Standards (FRS 102)
have been followed, subject to
any material departures
disclosed and explained in the
financial statements;
prepare the financial statements
on the going concern basis
unless it is inappropriate to
presume that the Charity will
continue in business.
Donors and Supporters
We could not operate without the
generosity of the Greenham Trust, the
thousands of people who give us items
for re-use and the many grant-making
trusts, companies, organisations and
individuals who, with their generous
donations, enable us to provide a
range of services that benefit those in
need in our local community.
Statement of Trustees,
responsibilities
The Trustees (who are also the
directors of the company for the
purposes of company law) are
responsible for preparing the Trustees,
report and the financial statements in
accordance with applicable law and
20

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
TRUSTEES, REPORT
The Trustees are responsible for
keeping adequate accounting records
that are sufficient to show and explain
the charitable company's transactions
and disclose with reasonable accuracy
at any time the financial position of
the charitable company and enable
them to ensure that the financial
statements comply with the
Companies Act 2006. They are also
responsible for safeguarding the assets
of the charitable company and hence
for taking reasonable steps for the
prevention and detection of fraud and
other irregularities.
Disclosure of information to auditor
Approved by the Board of Trustees on
24th April 2025 and signed on their
behalf by:
John Unsworth
Chair of Trustees
Each of the persons who are Trustees
at the time when this Trustees, report
is approved has confirmed that:
so far as that Trustee is aware, there
is no relevant audit information of
which the charity's auditor is unaware,
and
the Trustee has taken all the steps
that ought to have been taken as a
Trustee in order to be aware of any
relevant audit information and to
establish that the charity's auditor is
aware of that information.
21

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
INDEPENDENT AUDITOR'S REPORT
Independent Audltorfs Report to the Members of The Newbury Communlty Resource Centre Llmfted
Opinion
We have audited the financial statements of The Newbury Community Resource Centre Limited (the 'charitable
company,) forthe year ended 30 November 2024 which comprise the Statement of Financial Activities, Balance
Sheets and Statements of Cash Flows and notes to the financial statements, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Standards, including FRS 102 The Financial Reportin8 Standard applicable in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of charitable company's affairs as at 30 November 2024 and of its
incoming resources and application of resources, includlng its income and expenditure, for the year then
ended;
have been properly prepared in accordance with United Kin8dom Generally Accepted Accountin8
Pr3Ctice,' and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for opinion
We conducted our audit in accordance with International Standards on Auditing IUK) IISAS IUKI) and applicable law.
Our responsibilities under those standard5 are further described in the Auditor's responsibilities for the audit of the
financial statements section of our report. We are independent of the charitable company in actordance with the
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRUS Ethical
Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to golng concern
In auditing the financial statements, we have concluded that the trustees, 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 doubt on the charitable company's ability to continue
as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilitie5 of the trustees with respect to going concern are described in the relevant
sections of this report.
Other information
The other information comprises the information included in the trustees, annual report. other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information contained within
the annual report. Our opinion on the financial statements does not cover the other information and, except to the
extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. If.
based on the work we have performed, we conclude that there is a material misstatement ofthis other information,
we are required to report that fact.
We have nothing to report in this regard.
22

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
INDEPENDENT AUDITOR'S REPORT
Opinlons on other matters prescribed by the Companles Art 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the Trustees, Annual Report. which includes the Directors, Report prepared for
the purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial statements: and
the Dirertors, Report included within the Trustees, Annual Report has been prepared in accordance with
applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and it5 environment obtained in the
course of the audit, we have not identified material mi55tatements in the Trustees, Report included within the
Trustees, Annual Report.
We have nothing to report in respett of the following matters where the Companies Act 2006 require5 U5 to report to
you if, in our opinion,.
dequate accounting records have not been kept, or return5 adequate for our audit have not been
received from branche5 not Visited by us: or
the parent charitable company financial statements are not in agreement with the accounting record5
and returns; or
certain disclosures of trustees. remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit,. or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemption in preparing the Trustees,
Annual Report and take advantage of the small companies exemption from the requirement to prepare
Strategic Report.
Responsibilitles of trustees
As explained more fully in the Trustees, Responsibilities Statement set out on page 17, the trustees (who are also the
directors of the charitable company purposes of company lawl are responsible for the preparation of a trustees,
annual report and financial statements and for being satisfied that they give a true and fair view, and for such internal
control as the trustees determine is necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosin& as applicable, matters related to going concern and using the going concern
basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operation5, or
have no realistic alternative but to do $0.
Auditor's responsibilities for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statement5 as a whole are free from
material misstatement. whether due to fraud or error. and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAS (UK} will always detect a material mi55tatement when it exists. Misstatements can arise from fraud or error and
are considered material if. individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including
fraud. The specific procedures for this engagement and the extent to which these are capable of detecting
irregularities, including fraud is detailed below:
23

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
INDEPENDENT AUDITOWS REPORT
We have considered:
the nature of the charity and sector, control environment and operating performance;
the charity's own assessment, including assessments made by key management, of the risk5 that
irregularities may occur either as a result of fraud or error,.
any matters we identified having reviewed the charity's policies and procedures relating to:
identifying, evaluating and complying with laws and regulations and whether they were aware
of any instances of non-compliance;
detecting and responding to the risks offraud and whether they have knowledge of any actual,
suspected or alleged fraud: and
the internal controls established to mitigate risks of fraud or non-compliance with laws and
regulations,.
the matters discussed amongst the audit engagement team.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation
for fraud and identified the greatest potential for fraud in the areas in which management is required to exercise
significant judgement, such as the disclosure of adjusting items. In common with Bll audits under ISAS {UKI, we are
Iso required to perform specific procedure5 to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory framework that the charity operates in. focusing on
provisions of those laws and regulations that had a direct effect on the determination of material amounts and
disclosures in the financial statements, The key laws and regulations we considered in this context were the
Companies Act. Charities Act and tax legislation.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularitie5, including those
leading to a material misstatement in the financial statements or non-compliance with regulation, This risk increases
the more that 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 instances 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 misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reportin8 Council's website at: http:l/www.frc.org.uk/auditorsresponsibilities. This description forms part of our
auditor's report.
24

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
INOEPENDENT AUDITOR'S REPORT
Use of our report
This report is made solely to the charitable company's member5, a5 a body. in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's
members those matters we are required to state to them in an auditor's 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
company and the charitable company's members as a body• for our audit work, for this report, or for the opinions we
have formed.
roline Webster Isenior Statutory Auditor
for and on behalf of UHY Ross Brooke. Statutory Auditor
Suite I Windrush Court
Abin8don Business Park
Abin8don
Oxfordshire
OX14 ISY
Date
141is
25

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2024
Unrestricted
funds
2024
Restricted
funds
Total
funds
2024
Total
funds
2023
2024
Note
Income from:
Donations and legacies
Charitable activitie5
282,098
1,718,622
12
216,836
498.934
1,718.622
12
204,796
1,571,482
Investments
Total income
2,000.732
216,836
2,217.568
1,776.281
Expenditure on:
Raising funds
Charitable activities
45.217
1,916.593
527
190,902
45.744
2,107,495
37,511
1,767,890
Total expendlture
1,961.810
191,429
2,153,239
1,805,401
Net lexpenditurelllncome
38,922
25.407
64.329
129,1201
Transfers between funds
15
15,451
(15,4511
Net movement In funds
54,373
9,956
64,329
{29,1201
Reconciliation of funds:
Total funds brought forward
Net movement in funds
276.645
54.373
187,412
9,956
464,057
64,329
493,177
129,1201
Total funds carried forward
331,018
197,368
528,386
464,057
The Statement of Financial Activities includes all gains and losses recognised in the year.
All activities derived from continuing operations during the above two financial periods.
The notes on pages 29 to 48 form part ofthese financial statements.
26

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Llmited by Guarantee}
NUMBER: 03998851
BALANCE SHEET
AS AT 30 NOVEMBER 2024
2024
2023
Note
Flxed assets
Tangible assets
li
265,908
282.109
265,908
282,109
Current a55ets
Debtors
Cash at bank and in hand
12
160,002
390,271
213,189
289,326
550,Z73
502,515
Liabilitles
Creditors.. amounts falling due within
one year
13
1256,297)
{269,3681
Net current assets
293,976
233,147
Total assets less current liabillties
Creditors.. Amounts falling due after
more than one year
559,884
515.256
14
131,498)
151.1991
Total net assets
528.386
464,057
Funds
Unrestricted funds
Restrlcted funds
15
331.018
197.368
276,645
187,412
15
Total funds
528,386
464,057
The financial statements were approved by the Trustees, and authorised for issue on
24 April 2025 and are signed
their behalf, by:
John Unsworth
Chair of Trustees
The notes on pages 29 to 48 form part ofthese financial statements.
27

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
IA Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Note
2024
2023
Cash flows from operatlng activities
Net Cash provided by operating activities
17
112,248
117,8671
Cash flows from Investing actlvltles
19
(11,303)
117,6761
Cash flows from financing actlvities
18
Change In cash and cash equivalents in the year
100,945
135,5431
Cash and cash equivalents at the beginning of the year
289.326
324,869
Cash and cash equivalents at the end of the year
390.271
289,326
The notes on pages 29 to 48 form part of these financial statement5.
28

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Accountlng policies
The Newbury Community Resource Centre Limited is 3 Charitable Company limited by guarantee incorporated
in England and Wales. In the event of the charitable company being wound up, the liability of the guarantee is
£10 per member of the charitable company. The address of its principal place of business is given on page l and
the nature of its operation5 are set out in the trustees, report.
1.1 Bas15 of preparation of flnancial statements
The Charitable Company constitutes a public benefit entity as defined by FRS 102. The financial
statements have been prepared in accordance with the Charities: Statement of Recommended Practice
(applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 10211 (issued in October 20191- (Charities SORP IFRS
10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the
Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention.
modified to include certain items at fair value. The financial statements are presented in sterlin8 which is
the functional currency of the charity and rounded to the nearest £.
A summary of the principal accounting policies adopted (which have been applied consistently, except
where noted). judgements and key sources of estimation uncertainty. is set out below.
1.2 Golng concern
The financial statements have been prepared on a going concern basis as the tru5tee5 believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level
of income and expenditure for 12 months from authori5ing these financial statements. The budgeted
income and expenditure is sufficient with the level of reserves for the Charitable Company to be able to
continue as a going concern.
29

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
1.3 Income
All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is
legally entitled to the income after any performance conditions have been met. the amount can be
measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement
date in writing. If there are condition5 attached to the donation and this requires a level of performance
before entitlement can be obtained then income is deferred until those conditions are fully met or the
fulfilment of those conditions is within the control of the charity and it is probable that they will be
fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when
their economic benefit is probable, it Can be measured reliably and the charity has control over the item.
Fair value is determined on the basis of the value of the gift to the tharity. For example, the amount the
charity would be willing to pay in the open market for such facilities and services. A corresponding
amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP. Further detail
is given in the Trustees, Annual Report.
Furniture and other items donated for resale are not included in the financial statements until they are
sold. 35 It Is not considered practicable to determine and record the fair value of such items. Therefore.
such items are not included as Stock
Income from trading activities includes income earned from fundraising events and trading activities to
raise funds for the charity- Income is received in exchange for supplying goods and services in order to
raise funds and is recognised when entitlement ha5 occurred.
Income from government and othergrants are recognised at fair value when the charity has entitlement
after any performance conditions have been met, it is probable that the income will be received and the
amount can be measured reliably. If entitlement is not met then these amounts are deferred,
30

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
1.4 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
con5trurtive obligation to make payments to third parties, it 15 probable that the settlement will be
required and the amount of the obligation can be measured reliably. It is categorised under the following
headings..
Costs of raising funds includes all expenditure incurred by the charitable company to raise funds for
its charitable purposes and includes costs of all fundraising artivities events and non-charitable trading.
Expenditure on charitable activities is incurred on dirertly undertaking the attivities which further the
charitable company's objectives. as well 35 any associated support costs.
Irrecoverable VAT is charged as an expense against the attivity for which expenditure arose.
1.5 Tangible flxed assets and depreciation
Assets costing £500 or more are capitalised as tangible fixed assets and are carried at C05t, net of
depreciation and any provision for impalrment.
Depreciation is provided on all tangible fixed a55ets. at rates calculated to write off the cost of each asset
on a straight-line basis over its expected useful life, a5 follows:
Motor Vehicles
Warehouse equipment
Orchard
Straight line over 10 years
Straight line over S years
Straight line over 40 years
Straight line over 3 years
Straight line over 20 years
Straight line over 20 years
Office equipment
Improvements to property
Horticultural equipment
1.6 Debtors
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any
losses arising from impairment are recognised in expenditure.
1.7 Liabilities
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event,
it is probable that a transfer of economic benefit will be required In settlement, and the amount of the
settlement can be estimated reliably. Liabilities are recognised at the amount that the Charitable
Company anticipates it will pay to settle the debt or the amount it has received as advanced payments
for the goods of services it must provide.
Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constitutes a finance transaction it is measured at present value.
31

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
1.8 Leased assets
Rentals under operating leases are charged on a straight-line basis over the lease term.
1.9 Taxation
The Charitable Company is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance
Act 2010 and therefore it meets the definition of a Charitable Company for UK corporation tax purposes.
Atcordingly, the Charitable Company 15 Potentially exempt from taxation 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 extent that such income or gains are applied
exclusively to charitable purposes.
1.10 Pensions benefits
The charitable company operates a defined benefit pension scheme. The scheme is a multi-employer
scheme where it is not possible, in the normal course of events, to identify on a consistent and
reasonable basis, the share of underlying assets and liabilities belonging to individual participating
employers. Therefore, as required by FRS102'Retirement and post-employment benefits,, the charitable
company accounts for this scheme as if it was a defined contribution scheme. The charitable company 15
under obligation to make payments to fund the deficit on the scheme, and as such the net present value
of these contributions are recognised as a liability. Any change in the liability is recogni5ed as an expense
in the Statement of Financial Activities.
The charitable company also operates a defined contribution pension scheme. Contributions payable for
the year are charged in the Statement of Financial Activities.
1.11 Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charitable company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The cost of raising and
administering such fund5 are charged against the specific fund. The aim and use of each restricted fund is
set out in the notes to the financial statements
32

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Z. Judgements and key sources of estlmation uncertainty
Accounting estimates and Judgements are continually evaluated and are based on historical experience
and other factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critlcal accountlng estlmates and assumptions
The charitable company makes estimates and assumptions concerning the future. The resulting
accounting estimates and assumptions will,. by definition, seldom equal the related actual results. The
estimates and assumptions that have a significant risk of causing a material adjustment to the carrying
amounts of assets and liabilities within the next financial year are discussed below.
Critical areas of Judgement
Tangible fixed asset5
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where
appropriate. The actual lives of the assets and residual values are asse55ed annually and may vary
depending on a number of factors. Residual value assessments consider issues such as the remaining life
of the asset and projected disposal values.
Pensions
The present value of the Social Housing Pension Scheme defined benefit liability depends on a number of
factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in
determining the net cost lincomel for pensions include the discount rate. Any changes in these
assumptions, which are disclosed in note 23, will impact the carrying amount of the pension liability.
Furthermore a roll forward approach which projects results from the latest f ull actuarial valuation
performed at 30 September 2023 has been used by the actuary in valuing the pensions liability at 30
November 2024. Any differences between the fi8ures derived from the roll forwards approach and a full
actuarial valuation would impact on the carrying amount of the pension liability.
33

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Income from donatlons and legaeies
Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2024
2024
2024
2023
Donations
7,212
3,650
10,862
22,430
311,848
153,794
4,600
3,164
159,374
37,658
Capital grant5
Grant making funds
Statutory grants
22,430
70,376
120,380
241,472
33,414
282,098
216,836
498,934
204.796
Income from charitable artivities
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Shop sales and training placements
1.718,622
1,718,622
1,571,482
34

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 30 NOVEMBER 2024
Expenditure on ralsingfunds
Unrestrlcted
funds
2024
Restrirted
funds
2024
Total
fund5
2024
Total
funds
2023
Staff
Fundraising
Publicity
32,775
686
11,756
32,775
686
12,283
16.431
290
20.790
527
45,217
527
45,744
37,511
Expenditure on charitable activities
Directly
undertaken
2024
Support
2024
Total
2024
Cost of charitable activities
1,877,035
230.460
2.107A95
Comparatives for the previous year
Dlrertly
undertaken
2023
Support
2023
Total
2023
Cost of charitable activities
1,553,390
214,500
1,767,890
35

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Support costs
Total
2024
Total
2023
Note
Support staff costs
Depreciation and amortisation
Bad debt expense
Office expenses
Telephone expenses
Training and travel expenses
Bank charges
Premises expenses
Payroll Fees
Legal and professional fees
Pension deficit cost
Loss on dispos31 of fixed asset
Irrecoverable VAT
Governance costs
76,103
28,683
725
63,946
90,641
27,902
700
17,244
7,213
4,988
10,805
15,677
5,040
7,879
2,267
959
15,885
7,300
11,920
12,477
5,295
7,527
15,674)
1,167
19,741
8,550
230,460
214,500
Governance costs
2024
2023
Fees payable to the charitable company's auditor for the audit
of the annual accounts
Fees payable to the charitable company's auditor in respect of:
All non-audit services not included above
6.450
5,500
2,100
1,800
8,550
7,300
36

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Staff costs
2024
2023
Wages and salaries
Social security costs
Pension costs
1,148,777
91,522
44,358
1,041,392
79,970
48,965
1,284.657
3.560
1,170,327
3,585
Other staff related costs
1,288.217
1,173,912
Stsff numbers
The average numbers of persons (including Senior management team) employed by the Charitable Company
during the period was as follows..
2024
No.
2023
No.
Administration and support
Marketing and fundraising
Operational staff
47
45
50
47
Higher pald staff
The number of employees whose employee benefits lexcluding employer pension costs) exceeded £60,000.
was:
2024
No.
2023
No.
£60,001- £70,000
Key management personnel
The total amount of employee benefits received by key management personnel is £331,31512023: £341,618).
io.
Trustee remuneration and expenses
The trustees neither received nor waived any remuneration during the year (2023: £Nil).
No trustee received expenses in the year 12023.. nil).
37

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
11. Tangible fixed assets
Property
improvements
Motor
vehlcles
Horticultural
equlpment
Equlpment
Total
Cost or valuation
At l December 2023
236,283
3,733
85.821
755
140,242
9,994
13,500)
118,815
581.161
14.482
(3,500)
Addition5
Disposals
At 30 November 2024
240,016
86,576
146,736
118,815
592,143
Depreciatlon
At l December 2023
98,429
10,457
65.171
2,705
57.387
12,672
11,500)
78,065
2,849
299,052
28.683
11.500}
Charge for the year
On disposals
At 30 November 2024
108,886
67.876
68,559
80,914
326.235
Net book value
At 30 November 2024
131,130
18,700
78,177
37,901
265,908
At 01 December 2023
137,854
20,650
82,855
40,750
282,109
12. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
other debtors
VAT receivable
86,088
62,363
156,284
53,781
488
11,551
2,636
160,002
213,189
38

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
13. Creditors: amounts falling due wlthln one year
2024
2023
Note
Trade creditors
Accruals and deferred income
Other creditors
Pension liability
Other taxation and social security
19,308
194,126
9.613
14,094
19.156
76,951
147.597
9.176
15.084
20.560
22
256,297
269,368
Deferred income
2024
2023
Deferred income at start of year
Resources deferred during the year
Amounts released from previous periods
132,326
178,408
(132,3261
64.378
132,326
164,3781
Deferred income at end of year
178,408
132,326
Deferred income relates to..
al Grant income received in adv3nce of meeting income recognition criteria,, and
bl Essential Household Goods Scheme unspent funds.
14. Creditors: amounts falllng due after more than one year
Note
2024
2023
Pension liability
31,498
51,199
39

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
15. Funds
Balance at I
Dec 2023
Gains. losses Balance at 30
& transfers
Nov 2024
Income
Expenditure
Unrestricted funds
General funds
276,645
2.000,732
(1.961,810)
15,451
331,018
Restrirted general funds
Income funds
Fixed Asset fund5
30,968
156,444
216.836
(191,429)
(2,5001
(12,9511
115,451)
53.875
143,493
187,412
216,836
(191,429)
197,368
Total funds
464,057
2.217,568
(2.153,239)
528,386
Included within unrestricted income is core c05t5 funding from Greenham Trust amounting to £241,472.
This funding is accounted for in the period to which it relates, with any amounts received in advance for
future periods being carried as deferred income as set out in note 13.
Comparative information in respect of the preceding period is as follows.,
Balance at I
Dec 2022
Gains,10sses Balance at 30
& transfers
Nov 2023
Income
Expenditure
General unrestricted f unds
308,056
1,610,631
{1,652,2551
10,213
276,645
Restricted funds
Income funds
Fixed Asset funds
18,464
166,657
165,650
{153,1461
30.968
156,444
110,2131
110.213)
185,121
165,650
1153,1461
187,412
Total funds
493,177
1.776,281
11,805,401)
464,057

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Restricted funds
Balance at I
Dec 2023
Gains, losses Balance at 30
& transfers
Nov 2024
Income
Expenditure
Basingstoke and Deane
Borough Council
B&Q Neighbourly
Foundation
1,480
13,300
111,9891
2.791
6.700
41.053
6.700
11.716
Greenham Trust
3,261
132,5981
Hampshire County
Council
1,968
{674)
1,294
Berkshire Community
Foundation
7,500
15,1001
Gerald Palmer Eling
Trust Company
Newbury Town Council
Sheepdrove Trust
The Alchemy
Foundation
The Ammco Charitable
Trust
2.000
1,000
24,000
12.0001
11.0001
124,0001
1,000
14461
554
500
500
First MTR South West
Train5
4,492
18,860
(4,492)
{18,860)
Calleva Foundation
The Lord Faringdon
Charitable Trust
1,000
1,000
The Payne-Gallwey
Charitable Trust
2.500
2.500
The Peter Baker
Foundation
2.500
12,500)
The Souter Charitable
Trust
2,000
2.000
106,080
2.000
2,000
20.066
The Syder Foundation
West Berkshire Council
186,0141
Donations from
individuals
907
3,703
14,2561
354
Restricted fixed assets
156,444
112,9511
143,493
Total restricted funds
187,412
216,836
1191,429)
(15,451}
197,368
41

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
16. Analysis of net assets between funds
Restricted Unrestrlrted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due after more than one year
143,493
53,875
122,415
496,398
(256,297)
131,498)
331,018
265,908
550,273
(256,2971
131,498}
528,386
197.368
Analysis of net assets between funds - prior year
Restricted Unrestricted
funds
fund5
2023
2023
Totsl
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due after more than one year
156,444
30,968
125,665
471,547
1269,3681
151,1991
276,645
282,109
502,515
1269,368}
{51,199}
464,057
187,412
42

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
17. Reconciliation of net expenditure to net cash flow from operating activltles
2024
2023
Net income I lexpenditurel for the reporting period las
per the statement of financial activities)
Adjusted for:
Interest receivable
Depreciation and impairment of tangible fixed a55et5
(Profit) / loss on disposal of tangible fixed assets
(Increase) / decrease in debtors
Increase / Idecreasel in creditors
Net ¢ash provlded by / {u5ed In) Operating Actlvlties
64,329
(29.1201
(12)
28,683
11,167)
53,187
132,772)
131
27,902
19591
197,3861
81,699
112,248
(17.8671
18.
Cash flows from financing activities
2024
2023
Repayments of borrowing
19. Cash flows from investing actlvltles
2024
2023
Proceeds from the sale of tangible fixed assets
Purchase of tangible f ixed assets
Interest received
3,167
(14,482)
12
2,189
{19,868}
Net cash provided by / (used In) Operating Activltles
111.303)
{17,6761
43

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
20. Analysis of cash and cash equivalents
2024
2023
Cash in hand and at bank
390,271
289,326
Total cash and cash equivalents
390,271
289,326
21. Analysls of changes in net cashl(debt
Atl
September
2023
At30
November
2024
Cashflows
Cash
289,326
100,945
390.271
Net cash
289,326
100.945
390,271

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
22. Pension and similar obligations
The charitable company participates in two defined contribution pension schemes; one with Scottish
Widows and one with the Social Housing Pension Scheme. Total contributions paid to these schemes and
recognised as an expense in the year amounted to £44,35812023- £48,965).
Defined benefit scheme
The charitable company also participates in a separate multi-employer scheme which provides benefits to
some 500 non-associated employer5, operated by the Social Housing Pension Scheme. The scheme is a
defined benefit scheme in the UK. It is not possible for the charitable company to obtain sufficient
information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for
the scheme as a defined contribution scheme.
The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force
on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical
Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined
benefit occupational pension schemes in the UK.
The scheme is classified as a 'last-man standing arrangement,. Therefore the charitable company is
potentially liable for other participating employers, obligations if those employers are unable to meet their
share of the scheme deficit following withdrawal from the scheme. Participating employers are legally
required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the
scheme.
A full actuarial valuation for the scheme was carried out with an effective date of 30 September 2023. This
actuarial valuation was certified on 08th August 2024 and showed assets of £2,570m, liabilities of £3,263m
and a deficit of £693m. To eliminate this funding shortfall, the trustees and the participating employers
have agreed that additional contributions will be paid, in combination from all employers, to the scheme.
Note that the scheme's previous valuation was carried out with an effective date of 30 September 2020;
this valuation showed asset5 of £5,148m, liabilities of £6,708m and a deficit of £1,560m.
Where the scheme is in deficit and where the charitable company has agreed to a deficit funding
arrangement, the charitable company recognises a liability for this obligation. The amount recognised is
the net present value of the deficit reduction contributions payable under the agreement that relates to
the deficit. The present value is calculated using the discount rate detailed in these disclosures. The
unwinding of the discount rate is recognised as a finance cost.
Present value of liabillty
2024
2023
Note
Due within one year
Due after more than one year
13
14
14.094
31,498
15,084
51,199
45,592
66,283
45

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Deficit contributlon schedule
2024
2023
Year I
Year 2
Year 3
Year 4
Year 5
14,313
13,869
14,147
4.747
15,084
15,914
16,789
17,712
6,009
Total
47,076
71,508
Reconciliation of opening and closlng provision
2024
2023
Provision at start of period
UnwindinB discount factor (interest expense)
Deficit contribution paid
Deficit revaluation
66,283
1,596
115,017)
(7.270)
45,592
78,314
2,267
114,2981
66,283
Income and expenditure impact
2024
2023
Unwinding discount factor (interest expense)
1,596
2,267
Assumptions
2024
2023
Rate of discount
3.485
3.485
46

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
{A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
23. Operating lease commltments
At 30 November 2024 the charitable company had commitments to make future mlnimum lease payments
under non-cancellable operating leases as follows:
2024
2023
Amounts due within one year
Amounts due between one and five years
Amounts due after five years
157,603
9,056
20,475
166,659
20,475
In the prior year the charitable company had the following leases that were directly f unded by grants
received from the Greenham Trust and therefore not included in the lease commitments disclosure above.
As of 2024, these leases are no longer funded by Greenham Trust and the non-cancellable commitments
are now included in the above disclosure.
The charity has a lease at Cottlsmore. In 2023, the annual rent and service charge of the premises of
approximately £49,485 were met in full by the Greenham Trust.
The charity has a lease at Unit F Hambridge Road Industrial Estate, In 2023, the annual rent and service
charge of the premise5 of approximately £20,500 were met in full by the Greenham Trust.
The amount of non-cancellable operating lease payments recognised as an expense during the period was
£274.255 {2023'. £110,935).
24. Related party transactions
During the year, the charitable company received income of £2.56612023.. £1,292) and paid for goods of
£2512023: £0) from Sonning Flowers Ltd, a company controlled by the daughter of a Trustee. No balance
was outstanding at the year end.
25. Controlling party
The trustees as a body administer the charitable company in accordance with the Memorandum and
Articles of Association, therefore there is no single controlling party.
47

THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
26.
Comparative Statement of Financlal ActSvities (incorporating Income and Expenditure Account)
Unrestricted
funds
2023
Restricted
Total
funds
fund5
2023
2023
Income from:
Donations and legacies
Charitable activities:
40,888
1,569,740
163,908
1,742
204.796
1.571.482
Investments
Total income
1,610.631
165.650
1.776,281
Expenditure on:
Raising funds
Charitable activitie5:
34.032
1,618.223
3.479
149.667
37.511
1.767,890
Total expendlture
1,652.255
153,146
1.805,401
Net (expendtture)/lncome
(41,624)
12,504
129.1201
Transfers between funds
10.213
{10,2131
Net movement in funds
131.4111
2,291
(29,1201
Reconciliation of funds:
Total funds brought forward
Net movement in funds
308.056
(31,411}
185.121
2,291
493.177
(29,120}
Total funds carried forward
276,645
187,412
464,057
48