2025-06-30-accounts - The Ely Community Unit Trust

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ELY COMMUNITY UNIT TRUST

Statement of Accounts

Year ended 30 June 2025

Registered Charity Number 1101031

Whitings LLP Chartered Accountants George Court Bartholemews Walk Ely Cambridgeshire CB7 47Ww

ELY COMMUNITY UNIT TRUST

Charity Particulars

- Year Ended 30 June 2025

Trustees:	N GMumford - Chairman
	W J Marshall	deceased	08/06/2025
	MRone
	R J Tyler - Treasurer
Secretary:	W J Marshall
Correspondence Address:	George Court
	Bartholomew's Walk
	Ely
	Cambridgeshire
	CB7 43wW
Principal Bankers:	LloydsTSB
	28 High Street
	Ely
	Cambridgeshire
	CB7 4LA
Independent Examiner:	1GC PiperFCA
	Whitings LLP
	Chartered Accountants
	George Court
	Bartholemews Walk
	Ely
	Cambs
	CB7 47W
Charitynumber	1101031

Paget

Trustees’ Report Year Ended 30 June 2025

wi E LY COMMUNITYEEEE UREUNIT TRUSTPRUST

‘The Trustees present their report and independently examined accounts for the year ended 30 June 2025.

Charity Objects The charity first operated in July 2005, The objects of the charity are: ~ To relieve in case of need, hardship or disability who are resident within the area of benefit; - To further the education of children and adults resident within the are of benefit: and - For such other charitable purposes for the general benefit of residents within the area as the Trustees think fit. The area of benefit is defined as northern East Cambridgeshire. Organisation The Charity has rented out its property at fair but commercial rates to a limited company. Currently it owns one large properly known as "The Old White Lion”. Rent has been received every month from this. All expenditure is fully approved before being undertaken. The Trustees met on five occasions during the year. Review of Progress and Achievement The income from the main building commenced in January 2008 at £2,500 per month, The premises are fully insured. Donations have been paid to VCAEC, Homestart, Stretham VC, NHS, Blue Smile, Lighthouse Centre, Foodbank, British Legion, Lt Downham Café, Branching Out, Friends of Ely St Jphns, Ely Community Cinema and some small individual cases. The Trustees have considered aspects of Risk Management and believe everything is in order. Each Trustee declares if he has a financial or other interest in all items on the agenda at meetins, Investment Policy The Trustees will have as their major investment the property as set out above. Rental income is banked in 4 current account and when the funds approach £80,000 part is transferred to interest bearing accounts or investments. Punds have been invested in a general Investment Fund using outside experts for advice as stated above. At all times funds are kept to cover for loss of the tenant. Reserve Policy It is the policy of the Trustees to keep a reserve of twelve months expenses. Currently the easy access to finds is in the accounts at Lloyds and Santander. The balance being in investmenis. Trustees The Trustees who served during the year are detailed on page 1. Independent Examiner

1GC Piper PCA has agreed to be the Independent Examiner.

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ELY COMMUNITY UNIT TRUST

independent Examiner's Report to the Trustees

Year Ended 30 Jane 2025

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report on the accounts of the charity for the year ended 30 June 2025 set out on pages 4 to 7.

Respective Responsibilities of the Trustees and Examiner

The Charity's Governors are responsible for the preparation of the accounts, and they consider that the Charity is exempt from an audit (under section 43(2) of the Charities Act 1993 (the Act)) and that an independent examination is needed.

itis my responsibility to:

examine the accounts (under section 43(3 Ya) of the Act)
follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7(b) of the Act); and
state whether particular matters have come to my attention.

Basis of Independent Examiner's Statement

My examination was carried out in accordance with General Directions given by the Charity Commissioners an examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently | do not express an opinion on the accounts.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention

(1) which gives me reasonable cause to believe that in any material respect the requirements;
to keep accounting records in accordance with section 41 of the 1993 Act; and
to prepare accounts which accord with the accounting records and comply with accounting requirements of the Act
and have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. L
Dated: Qa dy. 22S... Lol

L Lol IGC Piper Independent Examiner Partner Whitings LLP George Court Bartholemews Walk Ely Cambs XB7 4IW

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ELY COMMUNITY UNIT TRUST

Statement of Financial Activities Receipts and Payments Account Year Ended 30 June 2025

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|||||| |---|---|---|---|---| |30 June 2025|30 June|2024| |TOTAL|TOTAL| |INCOMING|RESOURCES|£|£| |Incoming|resources|from|generated|funds:| |Rental|Income|36,000|30,000| |Interest received|462|416| |Contribution|to|Legal|Costs|36| |Reimbursement of|Grants|1,556|-| |Total incoming resources|32,048|36,416| |RESOURCES|EXPENDED| |Cost of generating|funds:| |Property costs|269|231| |Finance:Sundry|“|-| |Independent Examiner's|Fees|336|318| |Grants|to other organisations|29,503|29,500| |Total resources expended|36,108|30,069| |EXCESS RECEIPTS OVER PAYMENTS|1,940|347| |Investment|-|Transact|-|~| |NET MOVEMENT IN FUNDS|1,946|347| |Balance|brought forward|§8,313|57,966| |TOTAL FUNDS CARRIED FORWARD|60,253|58,313|

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The notes on pages 6 to 7 form part of these accounts

ELY COMMUNITY UNIT TRUST

Statement of Assets and Liabilities

As at 30 June 2025

EAA RELL TEETER LEI TS LE TT LI TN	RETSTE	EEE TELESIS ERTELESIS SSPIEDLES	TESTED TBASPGEIBS SITS a	TESTED TBASPGEIBS SITS a	SS ESTP	SSSR STS SSR AI
FIXED ASSETS			Note	2025		2024
Old White Lion	(Gnsured	Value)	4	1,588,708		1,883,157
				1,588,708		1,883,157.
INVESTMENTS
Transact (Original cost£315,000)			g		384,908	377,788
CURRENT ASSETS
Bank Account					27,554	26,075
Building Society Account					32,699	32,237
					60,253	58312,
CURRENT LIABILITIES						7
Creditor					329	300
LONGTERMLIABILITIESANDCOMMITMENTS			6		-	-

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Approved by the Trustees on \ q A weqaesk LU1
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Treasurer

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ELY COMMUNITY UNIT TRUST

Notes to the Accounts

Year Ended 30 June 2025

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11. ACCOUNTING POLICIES

a. Basis of Accounting

These accounts have been prepared on a cash basis in accordance with Appendix 5 of the SORP “Accounting for Smaller Charities"

b Incoming Resources

Income is the amount derived from the provision of services, rents and investment income falling within the Charity's principal activities recognised on a cash basis.

c. Resources Expended

All expenditure is accounted for on a cash basis and has been classified under headings that aggregate all costs related to that category.

Grants are treated as expended when the conditions relating to that grant have been met and the money has been spent. Committed Grants are shown on the Statement of Assets and Liabilities. Expenditure includes attributable VAT which cannot be recovered.

d Tangible Fixed Assets

The Fixed Assets are shown at their insured values on the Statement of Assets and Liabilities.

22, TRUSTEES' REMUNERATION

The Governors’ neither received nor waived remuneration during the year. The secretary and treasurer incurred expenses of £Nil (2024 END.

33. RESOURCES EXPENDED INCLUDE:

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||||| |---|---|---|---| |2025|2024| |£|£| |Staff Costs| |Wages and|salaries|nil|nil|

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There were five Trustees one of whom was secretary throughout the year

Independent Examiner's remuneration

336 318

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ELY COMMUNITY UNIT TRUST

Notes to the Accounts continued

Year Ended 30 June 2025

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4 TANGIBLE FIXED ASSETS

		Freehold
		Land and
		Buildings
	Cost or Valuation	£
	At 1 July 2024	1,883,157
	decrease in insurance value	(294,449)
	As at 30 June 2025	1,588,708
		a
	Net Book Value
	30 June 2025	1,588,708
	61 July 2024	1,883,157
§	LONGTERM LIABILITIES
	Therewerenolongtermliabilities

6 COMMITMENTS

There were no long term liabilities

7 TRANSACTIONS WITH TRUSTEES

7	TRANSACTIONS WITH TRUSTEES
	Otherthan the reimbursement ofexpenses to the secretary	and treasurer there were no transactions
	with the other Trustees.
8	INVESTMENTS
	Cost or Valuation	£
	At 1 July 2024	377,788
	Increase in funds invested	.
	Increase/(decrease) in value	7,120
	Asat30June2025	384,908

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