2025-02-28-accounts - Bungay Community Centre

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REGISTERED COMPANY NUMBER: 05015149 (England and Wales) REGISTERED CHARITY NUMBER: 1108051

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

BUNGAY COMMUNITY CENTRE

BUNGAY COMMUNITY CENTRE

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 28 FEBRUARY 2025

	Page
Report of the Trustees	1 to 2
Independent Examiner's Report	3
Statement of Financial Activities	4
Statement of Financial Position	5 to 6
Notes to the Financial Statements	7 to 12
Detailed Statement of Financial Activities	13

BUNGAY COMMUNITY CENTRE

REPORT OF THE TRUSTEES for the Year Ended 28 February 2025

The trustees present their report with the financial statements of the charity for the year ended 28 February 2025 The trustees have adopted the provisions of Accounting and Reporting by 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 (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

Objectives of the charity

To promote the beneift of the inhabitants of Bungay and the neighbourhood without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants

Main activities undertaken for the public benefit

We continue to be mainly a space for people to hire and put on their own events, whether it is classes, clubs music or social occasions such as parties. We now have more then 30 regular groups. As the fact we are a fully licenced premises has become much more well known, we have been used for adult parties and can offer limited catering for some events. We have also engaged with Suffolk County Council to have our EV charging points replaced and we are working towards installing a path from St John's Road to the front entrace, which will improve access from people with limited mobility.

ACHIEVEMENT AND PERFORMANCE

Achievements of the charity during the year

We have continued to improve the building, this year installing a range of solar panels on the roof. These will saves us considerable expenditure on power, which is welcome. Due to a charitable donation, we now have a defibrillator on the outisde of the building, which has been used. At the end of 2024 we registered with a company called QuickBooks to better manange our invoicing and payments, We have also emploted an Admin Manager to take bookings and communicate with hirers as well as other duties, all previously undertaken by Trustees.

FINANCIAL REVIEW

Reserves policy

It is the trustees policy to maintain reserves at a level it considers necessary to meet cash flow requirements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by governing document, a deed of trust, and constitues a limited company, limited by gurantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

New trustees are recruited and appointed by existing trustees.

Risk management

The trustees have a duty to identify and review the risks to which the trust is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company Number

05015149 (England and Wales)

Registered Charity number

1108051

Page 1

BUNGAY COMMUNITY CENTRE

REPORT OF THE TRUSTEES for the Year Ended 28 February 2024

Registered office 11 Trinity Street

Bungay Suffolk NR35 1EH

Trustees

Mrs R L Botham Mrs J Cloke M Evans Mrs B Herring P Dunning A Adams J H Green (appointed 15.1.24) J E Walker (appointed 15.1.24)

Company Secretary

M Evans

Independent examiner

J van Dijk FMAAT van Dijk Accountants 11 Trinity Street Bungay Suffolk NR35 1EH

Approved by order of the board of trustees and signed on its behalf by:

M Evans - Trustee

Date:

30/04/2025

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUNGAY COMMUNITY CENTRE

Independent examiner's report to the trustees of Bungay Community Centre ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1 accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2 the accounts do not accord with those records; or
3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J van Dijk FMAAT van Dijk Accountants 11 Trinity Street Bungay Suffolk NR35 1EH

21 April 2025

Page 3

BUNGAY COMMUNITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 28 February 2025

			28.02.25	29.02.24
Notes Unrestricted Fund £ INCOME AND ENDOWMENTS FROM		Restricted Fund £	Total funds £	Total funds £

Donations and legacies Other trading activities 2 Other income TOTAL EXPENDITURE ON Raising funds NET INCOME RECONCILIATION OF FUNDS	50,790 36,354 1,485 88,629 73,287 15,342	- - - 535 (535)	50,790 36,354 1,485 88,629 73,822 14,807	38,600 32,435 - 71,035 61,286 9,749

Total funds brought forward	957,647	2,582	960,229	950,480

TOTAL FUNDS CARRIED FORWARD	972,989	2,047	975,036	960,229

The notes form part of these financial statements Page 4

BUNGAY COMMUNITY CENTRE

STATEMENT OF FINANCIAL POSITION

for the Year Ended 28 February 2025

				28.02.25	29.02.24
Notes Unrestricted Fund £ FIXED ASSETS			Restricted Fund £	Total funds £	Total funds £

Tangible assets	6	897,425	-	897,425	888,434
		923 469
CURRENT ASSETS
Stocks	7		-	923	289
Debtors	8		-	469	3,413
Cash at bank		75,567 76,959	2,047 2,047	77,614 79,006	69,504 73,206
CREDITORS
Amounts falling due within one year	9	(1,395)	-	(1,395)	(1,411)


NET CURRENT ASSETS		75,564	2,047	77,611	71,795
TOTAL ASSETS LESS CURRENT LIABILITIES		972,989	2,047	975,036	960,229
CREDITORS Amounts falling due after more than one year	10				-
NET ASSETS		972,989	2,047	975,036	960,229
FUNDS Unrestricted funds Restricted funds	12			972,989 2,047	957,647 2,582

TOTAL FUNDS				975,036	960,229

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the

requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

Page 5

BUNGAY COMMUNITY CENTRE STATEMENT OF FINANCIAL POSITION - continued

for the Year Ended 28 February 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 30 April 2025 and were signed on its behalf by:

M Evans - Trustee

Page 6

BUNGAY COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 28 February 2025

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Building - in accordance with the property Equipment and fittings - 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued…

Page 7

BUNGAY COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

2 OTHER TRADING ACTIVITIES Hirings Bar and food sales 3 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Hire of plant and machinery Surplus on disposal of fixed assets	2 OTHER TRADING ACTIVITIES Hirings Bar and food sales 3 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Hire of plant and machinery Surplus on disposal of fixed assets	28.02.25 £ 32,295 4,059 36,354 28.02.25 £ 34,563 43 -	29.02.24 £ 32,435 - 32,435 29.02.24 £ 26,198 259 -


	Depreciation - owned assets Hire of plant and machinery
	Surplus on disposal of fixed assets

4 TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2025 nor for the year ended 29 February 2024

Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2025 nor for the year ended 29 February 2024.

5 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Other income Total EXPENDITURE ON Raising funds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD		Unrestricted fund 38,600 32,435 - 71,035 61,286 9,749 947,898 957,647	Restricted fund - - - - - - 2,582 2,582	Total funds 38,600 32,435 - 71,035 61,286 9,749 950,480 960,229

continued…

Page 8

BUNGAY COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

Building £ 885,128 885,128 48,913 16,724 65,637 819,491	Equipment and fittings £ 74,318 43,554 117,872 22,099 17,839 39,938 77,934	Totals £ 959,446 43,554 1,003,000 71,012 34,563 105,575 897,425

836,215	52,219	88,434

	28.02.25 £	29.02.24 £

	923	289
	28.02.25 £	29.02.24 £
	469 - -	3,413 - -
	469	3,413

continued…

Page 9

BUNGAY COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 28 February 2025

9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other loans (see note 11) Trade creditors Other creditors Accrued expenses 10 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other loans (see note 11) 11 LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans Amounts falling between one and two years: Other loans - 1-2 years Amounts falling due between two and five years: Other loans - 2-5 years Amounts falling due in more than five years: Repayable by instalments: Other loans more 5yrs instal 12 MOVEMENT IN FUNDS At 01.03.24 Unrestricted funds General fund 957,647 Restricted funds Youth club 2,582 TOTAL FUNDS 960,229	28.02.25 £ - 675 - 720 1,395 28.02.25 £ - 28.02.25 £ Net movement in funds 15,342 (535) 14,807	29.02.24 £ - 691 - 720 1,411 29.02.24 £ - 29.02.24 £ - - - At 28.02.25 972,989 2,047 975,036

continued…

Page 10

BUNGAY COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 28 February 2025

12 MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming resources £ Unrestricted funds General fund 88,629 TOTAL FUNDS 88,629 Comparatives for movement in funds At 01.03.23 Unrestricted funds General fund 947,898 Restricted funds Youth club 2,582 TOTAL FUNDS 950,480 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 71,035 TOTAL FUNDS 71,035	Resources expended £ (73,822) (73,822) Net movement in funds 9,749 - 9,749 Resources expended £ (61,286) (61,286)	Movement in funds £ 14,807 14,807 At 29.02.24 957,647 2,582 960,229 Movement in funds £ 9,749 9,749

continued…

Page 11

BUNGAY COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 28 February 2025

12 MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Restricted funds Youth club TOTAL FUNDS	At 01.03.23 947,898 2,582 950,480	Net movement in funds 25,091 (535) 24,556	At 28.02.25 972,989 2,047 975,036

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 159,664 159,664	Resources expended £ (135,108) (135,108)	Movement in funds £ 24,556 24,556

13 RELATED PARTY TRANSACTIONS

There were no related party transactions for the year ended 28 February 2025.

continued…

Page 12

BUNGAY COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 28 February 2025

INCOME AND ENDOWMENTS	28.02.25 £ 50,790 - 32,295 4,059 1,485 88,629 289 24 3,356 (923) 2,746 43 710 1,949 6,253 452 677 10,970 1,223 7,055 4,140 920 720 1,401 17,839 16,724 71,076 73,822 14,807	29.02.24 £ 38,600 - 32,435 - - 71,035 150 24 - (289) (115) 259 111 1,681 6,540 215 569 7,579 1,449 7,176 4,956 658 720 3,290 17,037 9,161 61,401 61,286 9,749
Donations and legacies
Donations and gift aid Grants
Other trading activities Hirings Bar and food sales Other income Gain on sale of tangible fixed assets Total incoming resources EXPENDITURE Other trading activities Opening stock Bad debts Bar and hospitality costs Closing stock Support costs - management Hire of plant and machinery Rates and water Insurance Light and heat Premises maintenance Postage and stationary Caretaking Sundries Repairs and renewals Waste and cleaning Subscriptions and licenses Accountancy Professional fees Freehold property Equipment and fittings Total resources expanded Net income

This page does not form part of the statutory financial statements

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