CHARITY REGISTRATION NUMBER: 1099687 Bury St Edmunds Ecumenical Centre Trust Unaudited independently examined accounts 31 March 2024
Bury St Edmunds Ecumenical Centre Trust Independently examined accounts Year ended 31 March 2024 Pages Trustees. annual report 1to4 Independent 8xamin8r's report to the ITUSteoS Slalernent of financial activitie5 Bal8n¢B sheet Notes to the independently examined accounts 8t016
Bury St Edmunds Ecumenical Centre Trust Trustees, annual report Year ended 31 March 2024 The trustees present their report and the unaudited Independently examined accounts of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Ch8rilies Act 2011 and Accounting an(5 Reporting by Charities.. Staternenl of Reoommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Rtfèrèneè and administratlve details Regi$tsr•d eharity nam• Bury Sl Edmunds Ecumenical Centre Trust Charity registration number 1099687 Principal office St John's Centre St John's Street Bury St Edmunds IP33 1SN The trnst•ès The trustees who served during the year and al the dale ol approval were as follows.. A M8nn (Chairl S Harper Rev Dr A Miller D Wakeford J Wakelam B Wesley G Dunham (Deceased 0210212024} Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Mailing Kent ME19 4TA Independent examiner L Thurslon FCCA Lovewell B18ke LLP Chartered accounlanls First Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA
Bury St Edmunds Ecumenical Centre Trust Trustees. annual report(continug Year ended 31 March 2024 Structure, goveTnan¢• and management Bury St Edmunds Ecumenical Centre Trust is an unincorporated charity established under a declaration of trust dated 23 June 2003. The Centre became 8 registered charity from 26 September 2003. 11 is governed by its trustees who meet on a regular basis during the yèar. The existing trustees are shown on the reference and administration details of the accounts, somè of whom have held office for several years. Trustee recruitinent and appointment Further Irvslees fflay be appointed al any time. at the discretion of the trustees. A new trustee would receive copies of the declaration of trust. the previous yearfs annual report and accounts and relevant guidance publitations from the Charity Commission. Risk managèmènt The trustees have identified the major risks facing the charity and have assessed their potential imp8¢t. Appropriate systems have been èstablished to monitor and rnitigale these risks. Trtt& and fair override The financial statements have been prepared to give a rue and fairf, view and have departed from the Charities IAccounts and Reports) Regulations 2008 only lo the exlenl required to provide a 'lrue and fair view This departure has involved following the Accounting and Reporting by Charities". Statement of Rectsmmended Practice applicable in thè UK and Republic of Ireland issued in Qclober 2019 rather than the Accounting and Reporting by Gharilies.. Statement of Recomrnended Pracli¢e from 1 April 2005 which ha5 since bèen withdrawn. Independent èxamlner reappointment A resolution to appoint L Thurslon FCCA of Lovewell Blake LLP as independent examiner will be proposed at the nexi meeting.
Bury St Edmunds Ecumenical Centre Trust Trustees, annual report (continu Year ended 31 March 2024 Objective5 and activities The charity's objects are.. the advancement of the Christian religion". the advancement of education of the inhabilanls of Bury Sl Edmunds and elsewhere., the provision of facilities for recreation or other leisure time occupation in the interests of social welfare, for pèrsons in need of such facIltIeS with the object of improving the conditions of life for such people". the relief of povety. in particular in developing countries. The charity is known locally and throughout these financial statements as BECT, its principal activity is to Support The Centre in St John's Street, Bury St Edrnund5, a local education and community centre. The Centre aims to mèets thè neèds of many community groups providing a much needed town centre location for various educational and recrèational activities. Public benefit reporting In shaping our objectives for the year and planning our activitie5, the tru51ees h8v8 considered the Charity Commission's guidance on Public Benefit including, The Public Benefit Reqviremènt IPB11, Running a Charity IPB21 and Reporting IPB31. Achievements and p•rfomanee Following the successful redevelopment of The cent a nLJmber of years ago, for which BECT obtained a iwenty yeaf lèase from the St John's School Centre TrusleÈs. eonsiderable progress has been made in a¢hieving the OLJtcomes SOLJght by the Big Lottery and other funders Sue Szymanski our Community Development Manager has continued to manage the comrnunity activities taking pla at The Centre. The trustees are developing a strategy lo enable the level and range of usage to relum to pre-pandemic levels.
Bury St Edmunds Ecumenical Centre Trust Trustees, annual report Icontinued) Year ended 31 March 2024 Finan¢ial rèvlew As reflected in the Slalernent ol Financial Activities the running costs of The Centre are funded by donations and rental income Thè original expenditure on The Genlre iedevelopment was funded by grant income from the Big Lottery and matched funding from a wide range of other sources. This is now being depreciated over the period of the lease, with continuing support reGeived from the Saxham Trust in this and the previous year. Income from the yèar saw a decrease to £62.33612023". £75,045) with expenditure increasing lo £94,187 12023.. £85.2311. Thè resulting net expenditure on funds of £31.851 12023.. £10,186) is expected as this relates to restricted funds being spent as pSanned and foi the puiposss ol the funds. Reserves policy The charity's reserves policy is to hol¢J six months unrestricted expenditure as free reserves which would amount to £29,605 12023". £25,2111 based on current expenditure levels. The policy is set to hold enough free reserves lo enablè the charity to fulfill statutory and legal obligations and lo provide a Gonlingency fund to meet unforeseen falls in income or increases in expenditure Unrestricted funds are supporting tho restricted funds of the charity. A¢c¢rdingly, prior to this year, it has been determined to Introdu a transfei between funds to correctly show thè rèstrieled balance in line with the restricted assets so that il will depie¢i*e to £Nil at the end of the lease. The r3rried forward balance of the UnstrICted fund al 31 March 2024 is now below the amount required by our reserves policy. This unique position is caused by the depreciation and lease terms and in reality no further amounts will actually be spent towards the restricted reserve. The charities actual free reserves amounted ID £17,665 as at the year end12023.' £14,539). The trustees are aware of the shortfall against thè reserves policy and the conlinving itnpaGI of the restricted fund expenditure and are seeking lo gènÈrate additional funding in the near future. Plans for futu periods The Iruslees aim 15 to raise SLrfficient funding to en3ble The Centre to meet sustainably the identified education, recreation and hospitality needs of the community tn the future and lo contribute to the relief of poverty in developing countries_ Whilst it remains our policy lo provide a widè variety of educational, training and recreational oulcotnes and lo reach a good level ol usage, helping to makè Thè Centre financially sustainable. the coronovirus precautions mentitrned above together with a lower level of voluntary activity in the posl-pandernic period h8ve restricted the ability to pursue this. Much uncertainly remains and the staff and trustee5 continue lo monitor the situation closely. The trustees, annual report wa5 approvÉd on Iruslees by- 2P and signed on behalf of the bo8id of A Mann Chair
Bury St Edmunds Ecumenical Centre Trust Independent examiner's report to the trustees of Bury St Edmunds Ecumenical Centre Trust Year ended 31 March 2024 I report lo tttè charity ItU5tees on my èxamination ol the Independently exarnined accounts ol the charity for the year ended 31 March 2024 which compiise the statement of finanaal actiwtie8, balance shèet and the related notes. Responsibilities and basis of report As the charitys Iruslees you are iesponsible lor the preparation of the Independently examined accounts in accordance with the requirements of the Charitiès Act 2011 1.the Act'l. I report in respect of my examination of the charity's Independently examined accounts carried out under section 145 of the Act and in carrying out my exarninalion I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent oxamin¢rfs statamènt I have completed my examination. I confimi that no material m3tt&rs have come lo my attention in eonnèction with the examination giwng me cause to believe that in any material respect.. 8c¢ounb"ng re¢ords were not kept in respect of the charity as required by section 130 of the Act.. or the Independently examined accounts do not accord with those records.. OT the Independently examined accounts d(> not ¢omply with the applicable reouiremenls concerning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts gi a 'true and lairf view which is not a tnatter considered as part of an independent examination. I have no concerns and have come acr055 no other matters in connection wrth the examination to which 'attention should be drawn in this report in ordei lo ènablè a proper understanding of the accounts lo be re8cheil. Your attention is drawn lo the fact that the Charity has prepared the ac¢ounts (financial stalementsl in accordance with Accounting and Reporting by Charities.. Statement of Recommendèd Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in pieferen¢e to the Accounting and Reporting by Charities". Statement of Recommended Practice issued on 1 April 2005 which is referred to in the exlanl regulations but has sin been withdfawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with Ihe Generally Aocepled Accounting Praclice effective for reporting periods beginning on or after 1 January 2015. r(Lt- ,,I,l.. L Thurston FCCA Independent Examiner Lovewell Blake LLP Chartered accounlanls First Floof Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA
Bury St Edmunds Ecumenical Centre Trust Statement of financial activities Year ended 31 March 2024 2024 Restricted funds Totsl funds 2023 Unreslricled funds Total funds Note Income and endowments Donations 8nd lègacies Charitable activities Investment incorne 16,259 43,799 278 18.259 43.799 278 37,250 37,652 143 Total income 62,336 62.336 75,f145 Expenditure Charitable activities 59,210 59,210 34,977 94,187 85.231 Total expenditurè 34,977 94,187 85,231 Net expenditure and net movement in funds 3.126 {34,9771 131,8511 110.1861 Reconciltatlon of funds Total funds brought forwaTd Totsl funds carried forward 14,539 17,865 189,457 203.996 214,182 154,480 172,145 203,996 The 518tement of financial activities includes all gains and105ses rècognised in the year. l income and expènditure derive from continuing activities. The notes on pages 8 to 16 fomi part of thèse Independently examined accounts.
Bury St Edmunds Ecumenical Centre Trust Balance sheet 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets Investments 11 12 155,012 190,122 155,013 190.123 Current a55ets Debtors Cash at bank and in hand 13 5,272 14.396 4.914 10.713 19,688 15.627 Creditors: Amounts falling due within one year 14 12,5361 11,7541 Net current assets 17,132 13,873 rotsl a$s¢ts less current liabilities 172,145 203,996 203.996 Nèt assèts 172,145 Funds of th8 charlty Reslricled funds Unrestricted funds 154.480 17.665 189.457 14,539 Total charity funds 15 172.145 203,996 These In opendenlly examined accounts were approved by the board of trusteès and authorised for issue nd are signed on behalf ol the board by.. A Mann Chair The notes on pages 8 to 16 form part of these Independently examined accounts.
Bury St Edmunds Ecumenical Centre Trust Notes to the independently examined accounts Year ended 31 March 2024 General infomiation The charity is a public benefit Éntity and a Tegistered charity in England and Wales and is uninGorp(>rated. The address of the principal office is 8ury St Edmunds Ecumenical Trust, St John's Cenlre. St John's Street, Bury Sl Edmunds, Suffolk, IP33 1SJ. Statèmènt of compliance The charity conslilules a public benefit entity as defined by FRS 102. The financial Statements have been prepared in accordancè vlith Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issuèd in October 2019, the Financi81 Reporting Standard applicable in the United Kingdom and Republi¢ of Ireland (FRS 1021, the Charities Act 2011and UK UK Generally Accepted Accounting Practice. The financial statemerTrts havè been prepared to give a "true and fairf wew and have departed from the Charities (Account5 and Reports) Regulations 2008 only to the extent required to provide a "true and fair view. This departure has involved following the Acixjunting and Reporting by Charities.. Stalernent of Recommended Practice applic8ble in the UK and Republic ol Ireland issued in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recomtnended Practice from 1 April 2005 which has since been withdrawn. Ac¢ounting policies Basis of prepardtiort The Indèp8ndently exarnined accounts have been prepared on the historical cost basis, as modified by the rèvalu2tion of certain financial assets and liabilities and inveslrnent properties measured al fair value throLJgh in¢ome or expenditure. The Independently examined accounts are prepared in stèrling, which is the functional currency of the èntity. Going concern The accounts have been prepared on the on going concern basis and the trustèes believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected income and expenditure for the next 12 months from authorising these financial slatetnenl. The budgeted income and expenditure is sufficient with the level of resetves for the charity to be able lo continue as a going concern. Income tax As a registerÉd charity, the activities ale exempt from United Kingdom Incorre and Corporation taxation, provided that the income is applied lo charil8ble purposes. Fund accounting Unrestricted funds are available for use al the discretion of the Iru51ees to further any of the charity. purposes. Designated funds, Whe necessary are unrestricted funds earmarked by the trustees for p8rtieular future project or commitmènt. Restricted funds are subie¢ted tts r&strictions on their expenditure declared by the donor or through the terms of an appeal, and f811 into one of sub-classes". restricted income funds or endowment lunds.
Bury St Edmunds Ecumenical Centre Trust Notes to the independently examined accounts (Conllnue Year ended 31 March 2024 Accounting policies (contlnue Income All income is included in the staternenl of financial activslies when enlillernent has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific wlicies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of enlillement to the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impracticle to rne8sure reliably, in which case the value Is derived from the Cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the aGcounts when received il the value can be reliabily measured. No amounts are included foi the contribution of general voluntèèrs. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be Spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Expenditur• Expenditure is recognised on an accruals basis as a liability is incurred. Expendilvre includes any VAT which cannot be fully recoVed, and is classified under headings of the slalemenl of financial activities to which it relates. grouped in aggregate to all costs related to that Category.. expenditure on raising funds includes the costs of all fundraising actiwties, events, non-charitable trading a¢livitiè$. and the sale tsf donated goods. expenditure on charitable activities includes 811 costs in¢urrèd by a charity in undertaking activities that further its charitable aims for the benefit of ils beneficiaries. including those support ¢osls and costs relating to the governance of the charity apportioned to charitable activities other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expendrture categories reflecting the use of the Tesource. DireGt costs attributable to a single activity are allocated directly to that acliwty. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consislenl b851S. Operating leases Lease payments a re¢ognised as an expense over the lease terni on a straighl-5ine basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease lerm, on a straight-line b8SIS. Tangible assets Tangible assets are initially recorded al cost. and subsequently slated 81 Cost less any a¢¢umulated depreciation and impairment losses. Any tangible assets carried at revalued amounts ale recorded at the lair value at the date of revaluation les5 any subsequent accumulated depre¢ialion and subsequent a¢¢umulaled impairment losses.
Bury St Edmunds Ecumenical Centre Trust Notes to the independently examined accounts (contrnue Year ended 31 March 2024 Accounting policie5 Iconlinued) Tanglble assets (contlnued) An increase in the carrying amount of an asset as a rèsutt of a revaluation, is recognised in other recognised gains and losses, unless it reverses a char9e for impairment that ha5 prèviously been recognised as expenditure within the statement of financial actiwlies. A decrease in thè carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offset5 any previous revaluation gain, in which case the loss is shown within olhei reoognisèd gains and losses on the slalement of financial activities. Depre¢iation Depreciation is calculated so as to write off the c051 or valuation of an asset, less ils residual value. over the useful economi¢ lifè ol that asset as follows.. Short leasehold property Centre furniture, fixtures and fittings straight line over the term of the lease slraighl line over 3 10 5 years Investments Unlisted equity inveslmenl$ arè initially recorded at C051. and subsequently measured at fair value. If fair value cannot be reliably rneasured, assets are measured at cost less Impairment. Listed inveslTnenls are measured at fair valuÈ with changes in fair value being recognised In income or expenditure. Financial instrumènts A financial asset or a financial liability Is recognised only when the enlily becomes a party to the contractual provlsions ol the inslrurllenl. Basic financial instruments are initially recognised at the amount Teceivable or payable including any related transaction cos15. unless the arrangement constitutes a financing transaction. where It is recognised at the present value of the future payments discounted al a market rate of interest for a similar debt instrumenl. Current assets and Current liabilities are subsequèntly measured al the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequenlly measured al amortisèd cost. Defined contribution plans Contributions to dèfined contribution plans are recognised as an expense in IhÈ period in which the Telated service is provided. Prepaid conliibulions are recognised as an a55et lo the extent that the prepayment will Sèad to a reduction in fuluie payments or a cash refund. When conlributions are not èxpected to be settled wholly thin 12 months of the end of the reporting date in which the employees Fender the related setvice. thè liability is measured on a discounted piesènt value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 10
Bury St Edmunds Ecumenical Centre Trust Notes to the independently examined accounts {contitJued) Year ended 31 March 2024 Don?tions and legacie Unrèstricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations (less than £1,000 each) 259 259 2SO 250 Grants Saxham Trust 18,000 18,000 37,000 37,000 18,259 18.259 37.250 37,250 Charitable activitie5 Unrestricted Total Fund5 Unrestricted Total Funds Funds 2024 Funds 2023 Users, contributions 43.799 43,799 37,652 37,652 Investsnent Income UnstrIcted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 8ank interest receivable 278 278 143 143 11
Bury St Edmunds Ecumenical Centre Trust Notes to the independently examined accounts (continu Year ended 31 March 2024 Expendlture on charitable activities Unrestricted Funds Restricted Total Funds Funds 2024 Staff costs Rènt, service Gharge and w*r rates Hèat and light Repaii and renewals Cleaning Gain on disposal of tangible fixed assets Depreciation Support Costs 29.202 6,274 10.46S 2,571 915 29,202 6,274 10,466 2,571 915 133 9,649 34,977 35.110 9.649 59,210 34,977 94,187 Unrestricted Funds Reslrirted Total Funds Funds 2023 Staff costs Rent, service charge and water rates Heat and lighl Repair and renewals Cleaning Gain on disposal of tangible fixed assets Depreciation Support costs 27,162 5.158 4.059 4,170 1,343 1451 27.162 5,158 4,059 4,170 1,343 1451 35.006 8.378 35,006 8,376 50,225 35.W6 85.231 Analysis of $upport costs 2024 2023 Postage. stationery and prinb'ng Computer costs Bookkeeping fees Telephone and mobiles Insurance Indèpendent examination fee Sundry expenses 185 754 1,128 1,206 3,507 1,950 919 319 570 1,117 659 3.301 1.080 1.332 9,649 8,378 Net expènditure Net expenditure is stated after chargingllcreditingl_' 2024 2023 Depciall0n of tangible fixed assets 35,110 35,006 12-
Bury St Edmunds Ecumenical Centre Trust Notes to the independently examined accounts {continuedJ Year ended 31 March 2024 Staff costs The total stsff 515 and employee benefits for the reporting period arè analysed as follows.. 2024 2023 Wages and salaries Empltsyer contributions to pènsion plans 28.803 399 26.804 358 29.202 27,162 The average head count of employees during the year wa5 312023: 31. No employee received employee benefits of more than £60,000 during the year12023". Nil). 10. Trustee remunerntion and expenses The key management personnel of the charity comprise the Iruslees and the senior management as listed on the reference and adrninislralion details of the accounts The trustees neither received nor waived any remuneration during the yeai12023.' £Nill. The lolal amount of employee benefits received by senior management for setmces to the charity was £19,95412023'. £19,016). No trustee received reimbur5emenl ol expens8s during the year12023.' £1,160 one trusteel. 11. Tangible fixèd a$$ets Centre Short furniture, leasehold fixtures and property fittings Totsl o¥t At 1 April 2023 and 31 Mar¢h 2024 Dèpreciation At 1 April 2023 Charge for the year At 31 March 2024 699,532 23,985 723,517 510,075 34.977 23,320 133 533,395 35,110 $45,052 23.453 568,505 Carrying amount At 31 March 2024 154,480 189,457 532 155.012 Al 31 March 2023 665 190,122 13-
Bury St Edmunds Ecumenical Centre Trust Notes to the independently examined accounts (continuedl Year ended 31 March 2024 12. Investments Shares in group undertakings Cost or valuation At l April 2023 and 31 March 2024 Impairment At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 At 31 March 2D23 All investments shown above are held at valuation. 13. Débtors 2024 2023 Trade debtors Prepayments and accrued incorne 4,234 1,038 5,272 3,928 986 4,914 14. Creditors= Amounts falling due within one year 2024 2023 AcGrua15 and deferred income other creditors 1,770 766 1,080 574 2,536 1,754 14-
Bury St Edmunds Ecumenical Centre Trust Notes to the independently examined accounts {¢onlinvFrfJ Year ended 31 Mar¢h 2024 15. Analysi8 of charitable fund$ Restricted fund$ At 1 April 2023 Al 31 March 2024 Income Expenditure Transfers Centre redevelopment 189.457 {34.9771 154.480 At 1 April 2022 At 31 March 2023 Income Expendilure Transfers Centre redevelopment 154,079 135.006} 70.384 189,457 PuoSe of restrieted funds.. Centre redevèlopment represents funding received for the redeveloprnenl of The Centre building and facilitiès, oe¢asion8lly in order to maintain the upkeep of The Gentre. reslricled costs are expènsed out of unieslricted funds. Unre$tricted funds Al 1 April 2023 At 31 March 2024 Income Expendilu Transfews General funds 14,539 62,3 159.2101 17.665 At 1 April 2022 At 31 March 2023 Income Expenditure Transfers Geneial funds 60,103 75,045 150.2251 170,3841 14,S39 16. Analysis of net assets betsveen funds As at 31 March 2024 Unreslricled Funds Restricted Total Funds Funds 2024 Tangible fixed assets Net Current assets 533 17,132 154,480 155.013 17.132 Net Assets 17,665 154,480 172,145 As al 31 March 2023 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Net current assets 666 13.873 189,457 190.123 13.873 NetAssets 14,539 189.457 203.996 15-
Bury St Edmunds Ecumenical Centre Trust Notes to the independently examined accounts (continued) Year ended 31 March 2024 17. Defingd contribution plans The amount recognised in incornÈ or expenditure as an expense in relation to defined ¢ontribution plan5 was £39912023.. £3581. 18. Operating lease commitments The total future minirnum lease payments under nOn-¢anlIable operating leases are as follow5.' 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 4,750 16,229 4.750 19.000 1.979 20,979 25,729 19. Related partie¥ During the year the charity paid rent to The St. John's School Cenlre. A Mann, S Harpei and Rev Dr A Miller are trustees in both charities. Totsl rent paid during the year was £1,00012023.' £1,000). During the ye8r there was donations received from the SaxhaTll Trust totalling £18,000 {2023'. £37,000). A Mann is a trustee in both charitie5. Their were no other related party transactions during this or the prior year. 16