Valley Community Centre Statement of Financial Affairs For the Year Ended 28th February 2025 TrustO08 of tho Valley Communlty Contro Offi¢ers and Profe881on81 Adv180rs Year Ended 28th Fobruary 2025 TRUSTEES Trustees Mr Peter York Mrs Ada Bannister Sally Fletcher Heather Stewardson Independent Examiner5 Integra (Angus Nordon) Ltd 47 Mark8t Street Hemsworth Ponlefract Wesl Yorkshire WF94LR Bankers Barclays Sheffield Cty 2 Branch Leicester LE87 2BB Trust905 of thg Vallgy ¢ommunlty Centro Annual R8POrt of the Trustees Year Ended 29th February 2025 The Trustees have pleasure in presenting their report and the financial stalemen15 of Ihe Charity for year ended 29th Febnjary 2025 Legal Status The Charity is governed by its Trust Deed and Is reglslered wth the Charities ￿mMiSsion (number 1082305) ObJ6ctlve8 The objective of the a5soGialion is to promote the benefit of the people of Cudworth and West Green armj lo maintain and manage a community centre. We try to achieve this by encoU￿1ng different User groups which cater for different age groups and abilities, e.g. mother and toddler, baby massage,fyoga. mature club. We manage the centre lo the besl of our abilities for the people of Cudworth and West Green. In furtherance of this object, the Assoclalion shall have the follovrfing powers.. To purchas9 tak¢ or lease in exchange, hire or othewse aGquire any real or personal property and any rights of privileges which the association may Ihlnk necessary or convenient for the promotion of its objects. and lo construct, mainlain ar)d alter any buildings or erections as necessary or ¢onvenienl lo the work of th8 Association. Organisation The Charity is administered by a Management committee comprisirvJ: Members: Mr Peter York Mrs Ada Bannister Sally Fletcher Heath8r Siewardson R•vlew of transactlons and financial positlon The Statement of Financial Activities shows net loss of 42,371 for the Year Ended 29th February 2025. Cash reseTves were £76.140 at 29th February 2025. Truste•s of tho Valley Communlty Centro Annual Report of the Truslees Year Ended 28th F•bruary 2025 Responsibilltles of thè Trust##s The Iruslees are responsible for Ihe preparation of accounts for each financial year which give a true and fair v￿W of the chari￿s financial activities during the year and of its financial posib'on at tho 9nd of the year. In preparing tFM)se accounts the trustees are required to.. select suitable accounting policies and apply them consistently, make judgements and estimates that a￿ ￿asonable and prudent.. slate whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disdosed and explained in the accounts,. prepare the accounts on the going ¢oncem basis unless it is inappropriate to presume that the charity will continue in operation. The Iruslees are responsible for keeping proper &¢ounting records whl¢h di$¢lose wth reasonable acGuracy at any lime Ihg fin?nGi?I position of the charity and to enabl8 them to ensure that the accounts comply with the Charilies Act 1993. the are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention of fraud and other irregularrties. Signed on b•hal of thé Trustéés Date... Truslees of the Vallgy Community Cgntre Independent ExamineTS Report to the Tru8tee8 Y￿r Endod 28th February 2025 We report on the accounts of the trust for th¢ Y•ar anded 29th February 202& whiGh aro 591 out on pages 5 10 8. Respectlvo Responsibilities of trust•es and examiners As the charitys trustees you are responsible lor the preparation of the aCC￿jnIS,. Y￿ consider that the audit requirements of section 43121 Charities Act 1993 (The Adl does not apply. 11 Is our res$￿sibIlIty lo slate, on the basis of procedures specified in the general directions given by the Charity Commissioners under section 4317bl of the Act. whether particular matters have come to our attention. Basls of indopendent oxamin•r8 r•port Our examination syas Garried out in accordance wth the General Dlrecllons glven by the Charity Commissioners. An examination inctudes a review of the accounting records kepl by the charty and a comparison of the a￿O￿nts presented which incFudes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees ￿nCerning any $u¢h mallers. The procedures undertaken do not provide all the evidence that would be required in a audit and consequently we do not express an audll opinion on the view given by th8 accounts. Indepondont examiners statgm•nt In connection wlth our examlnallon. no maller has ts)me to our attention.. 1 which gives us reasonable cause to believe that in any material respe¢t the requirements to - keep accounts recor(is in accord8rice with section 41 of the Acl.. and - prepare accounts which accord the accounting records and lo comply the accounting reqU1￿mentS of the Act have not been met., or 2 which in our oplnlon, attentM)n should be drawn in order to enable a proper uTh#erstanding of the accounts lo be reached. Integra (Angus Nordon) Ltd 47 Market Street Hemsworth Ponlefracl Wesl Yorkshire WF9 4LR Date.- Trustees of the Valley Communty Centre Stat•m•nt of Flnancial AGtivilies Ygar Endod 28th February 2025 Note 2025 2024 Grants Restrict Funds Unrostrlctod Funds Total Total Incoming ResouT¢es Grants Received Hall Hire and Fund RaisirvJ Inleresl Other Income 13700 15976 763 1660 19154 478 Total IrKome Resources Expgnded Salary Costs Administration {1￿ phone} Professional Fees BingolRaffle prizes & day Trip5 Staff and Volunteer Expenses Rates. Ligm and Heat Insurance Cle8ninglWasle disposal General Expenses Repairs and Renewals 30439 21292 9563 10506 629 5105 11795 735 15788 1418 Total Expenditure N81 Incoming Resources For the Year 32810 25925 -2371 4633 Trust995 of tho Vall•y Communlty Centro Balan¢e $hoet 28th February 2025 Note 2025 2024 Fixed Assets Current A8Sots Debtors aThJ Prepayments Cash Bank Balances 76140 78173 76140 78176 Current Llabllhl88 PAYE due Creditors and Accruals Deferred Income 532 720 530 387 1252 74888 917 77259 Net assets Funded by Restr￿ted furmjs Unrestricted Funds 200 74688 77059 74888 77259 Trustg9s of th• Valloy Community Contr¢ Notes lo the A¢counts 28th February 2025 1 A¢¢ountlng Pollel69 General These accounts have been prepared under the historical cost convenlion and in accordance ￿th applicable accounting standards and th6 charitie5 SORP (Statement of Recommended PraGtice. 'A¢counting by Charities.) Capltal Item8 Capital items for the Charitigs 0￿1 usg ar• capilalised IF they are greater than £1000. If they have been funde(I by a specific grant then an equwalenl amount is crediled lo deferred income and written off over the estimated lrfe of the asset. l other capital items purchased are written ¢)ff through the statement of fin2ncial activities during the year of acquisition. Flxfjd Assets Capital items as above are written off over their estimated useful life as follows.. Photocopier written off on a straight line basis over f￿r years. Grants Recelved Grants which have been received for a specrfic purpose are accounted for separately as restricted funds. Grants are brought lo account when they s￿ ree£ived. Trustees of the Valley Communlty Centrn NotOS to th& Accounts 28th February 2025 2025 2024 2 Flxed Assets Carpels and Chairs Acquired al cost Less Accumulated Depreciation 3 Current LiabilitiOS Deferred Income TaxlNI due 530 530 4 Ro8trlcted Funds None Balance at 1st March 2024 200 200 Net incoming resources for the year Balarte at 28th February 2025 200 2(K) 5 Unrestrlcted Funds Balance al 1st March 2024 77059 81692 Net inccffiing rgsoLfCgS for the year -2371 4633 Balance at 28th Fet￿ary 2025 74688 77059