## **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** |6 **TANGIBLE FIXED ASSETS**
**COST**
At 1 March 2024
Additions
At 28 February 2025
**DEPRECIATION**
At 1 March 2024
Charge for the year
At 28 February 2025
**NET BOOK VALUE**
At 28 February 2025
At 29 February 2024
**7 STOCKS**
Stocks
**8 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments|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 Page 13