2024-05-31-accounts

REGISTERED COMPANY NUMBER: 05311990 (EnglAnd llnd Il'ales) REGISTERED CHARITY NUNIBER: 11011652 Reporl of the Try$tees And Ungudlt¢d Flnanclal Stalemenls for Ihe Year Ended 31 MAY 2024 lor Sturmln$ter Yeivton Communlty Bulldlng Trust Ward Goodn)&n Audii Scrviccs Lid 4 Cdar Park Fcmdowi InduslTial E8tai¢ Wimbomc Dorsel BH217SF

Sturminster Neiyton Comniunity Building Trusl Conlenls of the Flnanclal St4lcm¢nt$ for ¢he Year Ended 31 MAY 2024 Pge Report of the Trustees Independent Exmlner's Report StAtemenl of Flnanclal Actlvltl¢$ B414nce Sheet ote$ to the Fln&n¢l*l StAtements 9 10 19

Sturmlnsler iyeii'ton Communlt), Bulldlng Tru$1 (Registered number: D5311990) Reporl ol the Tru$lee$ for the VeAr Ended 31 l¥lay 2024 Thc Iru8lcc8 ivho nrc also dircctors of tlie ehiiriry for Ihc purposc4 of Ihc Coinpani¢s Act 2006, prescnl Ihcir rcport ivith the financial slalciiicnls of rh¢ ¢haiity for ih¢ year cnded 31 May 2024. Thc truslccs have Adoplcd Ihc provi%ion% of Aceoiinlin and Rcponing by Ch¢irilic%-. Siulel)￿lil of RccoIni￿nded Prthctiee applic41blc lo charilics PfCP¢iring Ih¢ir accoiinls in aeeorddrtce wilh Ihc Fin&ncial Rcportii)¥ Siandard iipplicable in Ihc UK aiKI Rcpiiblic of Ircland IFRS 1021 {cffective I Janiiary 2019). OBJF.CTIVES AYD ACTIVITIES The objeeilves of (he charlty Thc charily'8 obj¢¢iivcs arc lo.. Providc. improvc and i))ainlain public amcniiics in Sturniinsler Newton and Ihc surrounding area and lo providc a propcrly for the purposes of.. A public niarkcl Mcclings, l¢¢wrcs, classes. public cxhibilion5. and other forins of rccrcalion or Icisure limc oc¢iipalion iyiih Ihc objcei of improving condiiions of lifc for inhabiithnis of s￿rI)lIn51¢r Ncwlon and Ihc surrounding ar¢a with Ihc inlenlion. in particular bui nol ex¢lu8ively, of conlribulin¥ loivards the regcncralion of Sturiiiinstcr Newton and ihc surrounding arca. To proinotc any lawful chil riiablc purposc for the benefil of the inhabiianis of S￿rnilnSIcf Ncivlon and ih¢ 5urroundinB area as Ihe irnsi¢cs shall froin liinc lo limc dccidc. Publk benellt We have referrcd lo Ihc guidance contained In thc Charity Cominis8ion's ¥cncral guidanc¢ on public benefil when revicwing our aiiii and objeciivcs and in planninL? our fuliirc aclivili¢.s. In particular. Ihc Iruslccs con.4id¢r hoiv planned activilios will conlributc to Ihc ai1Th8 Jnd objectives thcy havc sct. Our main aclivilics and who ￿ try lo benefit arc dcscribcd abovc. All choriiablc a¢liviii¢s focus on providiftg b¢n¢fil lo the inhabilanls of Sturiiiinsicr Ncivion and Ihc surrounding area and arc undertaken lo furthcr our charil3ble purposes for thc public bencfil. Public pcrformances are arrAnged and promolcd on a scalc and slondard unavJilabl¢ ¢lscwhcr¢ in th¢ area. Th¢se provide bcnefil 10 811 Ihosc who allcnd. while g¢n¢raling income Ihal p¢miilS subsidiscd hire charbjes for Ihe bcncfil of local yroups and soei¢iics. Spaces and faeilili¢s arc provid¢(I for a wide rangc of public funclions and activilics. A cafc 15 open 10 th¢ public six days a wcck which offcrs a rcyular social facility, wcll uscd. and an informal meciing plucc. Wc provide fully serviced accomniodalion ivithoui charsc for Ihc Communily Lcarning Ccnlrc, which in lum providcs a wid¢ ran￿¢ of IT s¢Jvices lo the eomniunity. P•g¢ I

Sturmlnsler iY¢M'lon Comniunlly BulldlDg Tru51 {Registered number: 05311990) Report of the Trustees for the Year Ended 31 Mgy 2024 AcHIEvE￿IEyT AYD PERFORi¥IAYCE Achiei'enient1 performxnee and finAnclal revle Thc slow Teeovcry following Ihc pllndcinic is now ii)uch iliiPTovcd. Wc provid¢ cniploymcnl for cigihi local pcoplc lo Ihc bcncfii of Ihc coiiiii)unily and lh¢ Ioc411 cconoii)y. Morc than fifty n)einbcrs of ihc coinmiinily voluniecr on a ￿¥U1*7[ biisi.q 14 nd our voliinlccrs havc lakcn on in¢rc&sing rcsponsibiliiiCS in providing.￿rvice￿ lo Ihc public. Wc hJvc conlinued io rebuild a prograiiiinc of coi)ccrl% and other cvcnts. aitciiddn¢¢s hav¢ in¢T¢ascd and cvci)1s arc lorgcly vcry ivcll ait¢nd¢d. W¢ have been delighicd lo sc¢ incrcasing nui)IlKr% al iijulinees for aiidicnccs ivhich include care-honie residents. The Ixchallgc has providcd a venuc for event% beyoi)d Thc capacity of oihcr local lowng. $0 scrvinL4 Ihc widcr coniniunily of North Dorscl. Our local Medical Praclicc has conlinucd lo ulilisc ihc CApacity of Thc Exchan¥e lo dclivcr booster vaccinations on a 147rgc Wc inak¢ a r(K)iii available for Ihe Conii)iunily Lcarnin¥ Ccnlrc, a local chaTily. 10 offcr IT odvi¢¢ and assislancc lo local rcsidenis. Wc providc roonis for comiiiunily groups ai the lowcsi possible rates. Bookin&s iviihin Thc Exchan¥¢ includ¢ an increutsin nunibcr of hcalih and wcllbcin¥ uclivilies, louciher with educational and ciiliural aclivilies benefitling oiir Bulgarian communily. A number of social groups IMc¢l in our cafe and gallcry ar¢a. which offers unparalleled access lo Ihofe with iiiobilily issue8. FIYAYCIAL REVIEW FlnanclAI poslllon Total incoine for Ihe ycar ended 31 May 2024 ivas £409,679 12023.. £3?7.7661, ¢haTilable expcndilurc in Ihc ycar was £404.413 (20?3.. £357,876). Thc surplus fov Ihc ycar cndcd 31 May 2024 was £5.266 (2023: dcficit £30,110). As ol 31 May 2024 thc Sturniinsler NeMQon Comii)unily Buildin¥ Trust hcld ioial rescrvcs of £1,691.242 12023.. £1,685.976I. £58.674 (2023.. £37.904) of Ihe%c lolal reserve8 w¢rc frec r¢scrv¢s, b¢ing iollll unreslricled rcscrvcs Ics5 on-currefti asscts. As 8t 3 l May 2024 £10,000 reslrictcd Tcscrvcs wcrc hcld by the charity {2023'. £8.500). Re$¢rv¢$ pollcy It is Ihc policy of ihe Charity to nlainlain unrcslriclcd funds nol coininiiied or inv¢si¢d in tangible fixed asscls (the 'fre¢ rescrvcs.) al a Icvcl which equates lo approximalely 2-3 Inonihs of unrc51rict¢d cxpendilure. This providcs sufficicnt fund5 10 over man88einenl, adminislralion and supporl cosls and 10 respond 10 unexpcclcd dcinands on fvnds. The Truslccs (who arc also dircctors of sturinin81er Ncwlon Comiiiunity Building Trnsi for th¢ purposes of company law) arc rc¥ponsiblc for preparing Ihc Trusl¢cs Rcporl and Ihc financial stalcincnt5 in accordanc¢ with applicablc IAW and rc¥ulalions. Th¢ Trusl¢¢s continue lo review Ihcir oivn opcralion and So￿rnance and have devclopcd a Busincss Plan. Thc sy8ienis and proccdurcs inlroduced lo address Covid-19 rclaled risk.% hffjivc bccn strin¥enily iesicd and rcmain in rc5crvc in casc of need. The Tru.%lccs rcvicw ol oihcr major risks has bceft 8imilarly icslcd and manugcmenl of Ihosc riiks has provcd lo bc adequalc. Pay¢ 2

Sturmlns¢er iyewlon Communlty Bulldlng Trust (Reglstered number: 05311990) Reporl of the Truslees for the l'ear Ended 31 hlay 2024 FIYAYCIAL REVIEIII Golng Concern Thc Truslccs havc dt45C5%¢d all m&jor ri¥ks niid havc proccdures in pl<1ec if ihe iiccd arisc%. Truslccs ¢onlinuc lo establish a clcar dcfiiiition of Ihcir rcqulreli￿rtts and an asse￿11￿￿1 of Ihc Iicw eliallcn¥cs aff¢¢iingw Ilic iiieome of ihe Chariry. Rooii) bookinss havc steadily improv¢d. Staffing Icvcls havc now returned to norn)al. and Ihc Tru%tccs conlinuc in an cnhanccd supportive role. They conlinuc lo gradually iniroducc rcstrucluring plaiis as pnrl of which volunlcers have taken on rolcs of incrcased rc.4poiiqibility. Th¢r¢ continue lo be significani charges wilh rnnning costs, in particular wilh Ihc building's ulililies. We hnvc iii#nugcd lo negolifilc good Clcclricily and Ga8 coniracis for thc lin1￿dIalC futurc. Overall iickel .8&1cs have bccn vcry positive in the eurreni econoinic clinialc. We have mainiaincd and in $01)i¢ arcas improvcd our offcr and I￿nefIt 10 Ihe coinmliniry in spite of the ne8alivc circumslancc5 of the lasi eighieen Inonihs. Rooiii Hire chaTgcs have bccn rcvicw¢d across the board with no advcrsc rcaclion froin hir¢Ys. Wc havc vcry succcssfully Increased our fvndraising cllorts oycr lh¢ iasi year. W¢ r¢¢civcd a sub51aniial grAni from a lo¢al chaTity, which has allowcd us lo replace vilal pie¢¢s of ¢qiiipn)¢nt. Even more imporlanl as wc cnlcr our s¢vcnlcenth year of business. The ex¢hangc offcrs unique valiie lo Ihc coininunity boih local and aero.8s North Dorsel, and our profilc 18 high having bccn lh¢ venue for the Blackniorc Valc Parlncr5hip vAc¢inaiion clinics in the last four years. Wc havc an cJ(c¢ll¢nl and hard-wort reputation with iouring pcrforiiicrs and 5pcak¢rs. In a lime of incrcasinB housebuildirtg, we are onc phrt of th¢ local infraslruclurc able 10 absorb and %v¢l¢oinc an increasing populaiion. We ¢Oftlinue lo ￿ek grants lo .%upplcnKnl our ongoin fundraisin¥ efforts. STRUCTURE, GOVERYANI CE AYD I¥IAYAGEMEYI T Governlng doeument Siurminslcr Newton Conimiinily Building Tru%1 w8% incorporated on 13 Dcc¢inb¢r 2004 (nuinbcr 5311990) and is liinilcd by guaranlcc. nol having 5harc capii&l. The con)pany 1% also a rcgislered charily Inun)b¢r 11086521 and is govcrned by ils MemoTaftduin and Articlcs of Asso¢ialion us iincnded by 5pc¢ial rcsolution daied 16 March 2005. Recrultmenl and appolntmenl of new Irusteej Tru51ccs are app)inled al truslc¢ mccting5 wiihin the year. Org4n15allonal slru¢lure As sct out in the Arlicles of Association Ihc Iruslccs when compler¢ Consi81 of al Icasl five and. unlc.ss 01hcrwi.￿ dcicrmined al a gencrdl nKeling, Ihcre shall be no niaxiinuin numbcr. Onc trustee shall bc noiminalcd by Sturniin8ter Newton Town Council and oihcr irusiccs shall bc clcclcd al an AGM or co.oplcd by Ihc lrnslccs io fill a vacancy in their numb¢r bul only Until Ihc ncxl AGM. The trnsi¢¢s arc arranging for,%uilable trainin8 as lo thcir full rcspon5ibilitics. Baekground This charity took over and expanded lh¢ purp08cs of th¢ 'Slum)i￿￿ter Hall Charity,. Ivhich b¢camc redu￿1#ni whcn Slunnin51¢r Hall closcd and w&$ sold. Induction and Ir4inin% o( new truslce5 The charily follows guidance i%%ued by rhe Charilics Coinmission wilh r¢¥ards lo r¢cruilin¢nl and Iraining of any ncw Ituslcc4 Page 3

S¢Mrmlthsttr Newton Con)muDily Building Trust (Registered numbtr: 05311990 Report of the Trustees for the Year Ended 31 Miy 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05311990 IEn8land and Wales) Rezlsttred ChArlty number 1108652 R¢%lst¢r¢d offlce B Yamleys BJtl) Road Sium)in$lLY Neirton Doi'set DTIO IEB Trus¢eu J Cowley R Coivley W J Dimmcr Iresi8iied 30.6.241 Mi's I l La¢ey Mi's S Palmer 'I' Pu¢keit C J Tayloi. D Cll$Nvell (resigned JU.6.24) Company Secretry J Cowley Ind¢p¢nd¢nt ExArnlner Ward Goodmibn Audil Services Lid 4 Cedar Purk Ferndoivn Induslriol Eslate Wimboime Dorsel B11217SF Appi'oved by oi'dei. of lh¢ bogl'd ofitusl¢¢s on and $iBned on its b¢h#ifby', J Co1￿c> - I'Nse Pa8¢ 4

Independeni Exanilner's Report to the Trust¢e$ of Sturmlnster Yeii'lon Communlty Building Trust Independent exmlner's report to the trustee5 of SturniinslÈr Ntivton Community Buildlng Trust ('¢he Compnv') I rcporl to Ihc charily tru%lees 01) Iny cxaminaiion of the aecounl.g of ihc Coinpany for Ihc ye1( r Ciid¢d 31 May 20?4. Re5pon5ibllltles and b&sls of report A8 thc chariiy's inistcc.8 of thc Coinpaiiy (diid also ils dircclor% for Ihc piiry)oscs of coiiipany law) you arc Yc%ponsiblc lor the prepuralion of Ilic accoiinls in accordance with Ihc rcquircti)cnl% of the Con)pdrtios Act 2006 {Ihc 2006 Acl'l. Haviiig 8aiisficd Iny.8clf that ihc accoLinl% of Ihc Coinpany arc nol rcquircd to bc audilcd undcr Part l () of ihc 2(YJ6 Act and arc eligiblc for indcpcndcnt cxdinini1tion, I reporr in rcspccl of Iny cxaiiiinalion of your chiiiily'ts accoLinls as carricd oul undcr Scction 145 of Ihc Charilics A¢1 2011 I'ihc 201 l Acl'l. In carrying oul my exainination I havc followcd Ihc DITe¢iion.% ivcn by Ihc Charily Coiiiniission under Scclion 145(51 Ib) of Ihc 201 I Aci. Independent examlner's statemenl Sinet your charity's gross incoiiK cxcccded £250.000 youy cxaminer Inusl bc a iiKinbcr of a listed body. I can confirin that aiii qualified lo undcrtakc Ihc cxaininalion bccaulie l ain a i1￿mber of Ihc lrnslilul¢ of Chartcrcd Accounlanls in Ettgilund dnd W Alcs, which is onc of ihc listed bodi¢s. have coinplct¢d ii)y cxaminalion. I confinn Ihai no maltcrs havc come lo Iny attcnlion in connection iviih thc cxaminalion iving me cause lo believc: aecouniing rccords w¢r¢ nol kepl in re.%pect of thc Conipany as required by Scclion 386 of Ihc 2006 Aci: or thc accounts do not accord with Ihosc rccords; OT Ihe accounts do nol coinply wilh Ihc accounling requircincnt5 of Secliort 396 of Ihc 2006 Acl oiher Ihan any rcquircmenl Ihal Ihc accounis giv¢ a Iru¢ and fail. vicw Nvhich is not a n)aller considercd a$ part of an indcp¢ndcnl examinaiion. or lh¢ accounts havc not bccn prcparcd in a¢cordancc with Ihc nKihods and principles of th¢ Sialemcnl of Rc¢oinni¢nded Practice for a¢¢oiiniing and rcporting by charilics (applicablc lo charities preparing Ihcir accounts in accordancc ivith the Finaneial Rcporling Standard applicable in Ihc UK and Republic of Ireland {FRS 102)). havc no concems and have coinc across no othcr In&iters in connection wbih Ihe cxaminaiion lo which atlcnlion should be drawn in Ihis r¢port in ordcr lo cnablc a proper undcrstanding of ihe accoun15 lo bc rcarhcd. l M Rodd Bsc FCA FCCA Ward Goodman Audil Scrvi¢¢s Lid 4 Ccdai PaTk Ferndown Indusirial Estlllc Wimborne Dorscl BH217SF Datc.. i¥ Pagc S

Sturmlmsler YeTh'ton Coniniwnlly Bulldlng Trwst S¢*temenl of Fingn¢lg1 Actlvltles (Incorporating an Ineom¢ and Expendlture Aeeounl) for ihe Year Ended 31 fvlay 2024 2024 Toi&l 2023 Total fun&s Unrc$lriclcd runds Re%lTicled Nolc.4 INCOI¥IE AND EYDOIVMEYTS FROI¥I Donutionl and le¥&eics 35,545 10.0 45.545 21.216 Chirliable aetlvitles Charilable nclivilics 363,278 363,278 306,290 Inveslinenl Incon)c 856 [456 260 Totll 399,679 10.O(K) 409,679 327,766 EXPENDITURE OY Raising funds 177,479 177.479 164.471 ChAritAble i¢tlvltle5 Charilablc acllvilies 41,752 41,752 34.741 Other 176.682 8.500 185.182 158,664 TotAI 395.913 8,500 404,413 357,876 NET IYCOMEI{EXPEèYDITURE) J.766 1,500 5.266 130,110) RF.COYCILIATIOY OF FUYDS Total funds brought fonvard 1,677,476 8.500 1,685.976 1,716,OR6 TOTAL FUNDS CARRIED FORWARD .681,242 10.0 ,691.242 1.685.976 The noie8 forni part olihcsc financial slalcincnLs Page 6

Siurnilnster Nei%lon Coniniunlti Buildlng Trust (Reglslered nuniber: 05311990) Bal#n¢e Sheel 31 21124 2024 2023 Nolcs FIXED ASSETS Tdiigiblc 4lSSCt¥ .622.568 1.640,38? CURREYT ASSETS Siocks DebioTS Cash al bunk and in hand 12 IJ 3.760 31,575 108,296 3.619 23,439 85.274 143.631 112,332 CREDITORS AIMouni$ falling due wiihin onc year 14 (74,957) (66.738) YET CURRE,NT ASSETS 68,674 45,594 TOTAL ASSETS LESS CURRENT LIABILITIES 1.691,242 ,685.976 YET ASSETS 1.691.242 1,685,976 17 Unrcslricicd funds R¢8tricled funds 1,681.242 l O,O¢)O 1,677.476 8.500 TOTAL FUYDS 1,691,242 1.685,976 Th¢ charitabl¢ ¢oinpany 18 enliiled lo cxemplion from audil und¢r Scciion 477 of the Con)panics A¢1 2(K16 for Ihc year cnded 31 May 2024. The Incmbcr¥ have not r¢quircd the company to obiain an audil of ils financial Slal¢i)Icnis for Ihe ycar ended 31 May 2024 in accordancc wilh Section 476 of the Coinpanie.8 Acl 2006. The Irusrce.s acknowlcdgc Ihcir r￿apOnSIbilI11Cs for (a) cnsuring that Ihc chariiablc company kc¢ps accountlllg records Ihal comply with Scclion$ 386 and 387 of the Companics Acl 2006 and prcpurin¥ financial slalcm¢nls which give a iruc and fair view of Ihc slalc of affairs of Ihc chariiablc coii)pany as llt the cnd ofeach financial year and of ils sury)lus or deficil for each financial year In accordanee wilh Ihc rcquirciiicnis of Scctions 394 and 395 and which oihcnvi8c Colhply iyiih thc rLquirciiicnls of ihe Coinpanicl Act 21XJ6 Tclaiing Io rinaneial 8lalen)cnl$, $0 far applieablc to Ihc chariiablc company. {bl Thc notcs forni purl of thcsc financial %talcn)¢nt Pagic 7 conlinucd...

SturmlDster liew¢on Community Bulldlng Trust (Registered number: 11531199D) B41ADee Sheet- Continued 31 ￿1*Y 2024 These financial stalements halr been prepared iii a¢coidoi)ce iviih ihe piovision5 appli¢able to chai'ilable compaiiies subject lo the small companies re8ime. I he linancial 5taiemcnls were approv¢iJ b) the Boai'd ol Ti'usiee5 and auihoi'ised Ioi" i5SLt¢ on and iitrc signed on its behalf by.. J c¢￿eY- Trnst¢¢ 'I'he noics foi'm pait of ihe5¢ tinancial stslements Page 8

Siurmlnster iyeiiton Conimuni¢i' Building Trusl Yotes to the Flnancigl Statenienls for the Yvdr Ended 31 2024 LEGAL FORiVI Sturniiii%lcr Ni civton Coiniiiiinily Buildin¥ Tru¥l a privlllc chnrilllblc COliiP<iny. incorpordt¢d by 8ik1fiiiiec arid rcgi%tcred in EiiglAiid &nd Walcs. Thc rcgi.%lcrcd officc is nolcd on Ihc coinpJny infonnaiion page. ACCOUkYTIYC POLICIES B*sls of preparlnK the llnan¢lal statements The financial stateiiicnts of Ihc charilablc company. which is a public bcnefil ertlily under FRS 102. have b¢¢n prcparcd in ￿cCOrdanCe with the Charities SORP {FRS 102) 'Accounling) and Reportinbl by Ch&rtlies'. Siaicmeni of Recoinimended Praciicc <ipplicablc lo charilics prcparing Ihcir accoiinlg in accordance ivith th¢ Financial Rcporting Standard applicable in Ihc UK and Rcpublic of Ircland (FRS 102) Icff¢¢tive l January 2019),, Financial Rcporlin Standard 102 'Thc Financial Reporting Standard Applie￿ble in ihe UK and Rcpublic of Ircland. and lh¢ Conipanic$ Act 2006. Tho financial sialcincnls hav¢ b¢¢n prq)ared under the hi%lorical co.$1 convcnlion. Ineom¢ Donalions arc wcognixcd whcTe ihere 18 entiileiiieni, Cerlainty of rcccipl and Ihc aniounl can be measured wilh sutricicnt reliAbiliiy. Inv¢siin¢ni incom¢ is r¢co¥nised on a receivable ba$i.s. Inco1￿ froni charilablc a¢livilies in¢ludcs in¢on)¢ rcco¥nis¢d as cam¢d la% thc relalcd good8 or scrviccs arc providcdl und¢r contrdcl. Granls (including govcrnmeni granisl shall bc rc¢ognis¢d in profit or loss on a sysleiThlic basis ovcr Ihc PCTiods in which Ihc cnlity rcco¥nises us expenses lh¢ rclaicd cosis for which Ihc grant.8 arc inlcndcd lo compensai¢. Expendliure Liabililics rccognised as cxpendI￿re a8 soon as Ihere is a legal or con%lru¢liv¢ obligation coininilling thc charity lo that cxpcndilurc, Il is probablc Ihal a Iransfcr of ccoiiomic b¢n¢fiL8 will be required in seiilcincnl and Ihc amount of Ihc obligulioft can bc nwa8urcd rcliably. Ixpcndilurc is a¢¢ounled for on an accruals basis and has bc¢n ¢la55ificd ndcr hcadings Ihal a8gregale all cost related lo Ihc calcgory. Wherc costs cannot bc directly Allribuicd io paff icular h¢adings Ih¢y havc bcLn allocaicd 10 aclivilies on a basLS ¢OI18isicni wilh Ihc us¢ of r¢soiirccs. Cost of 8cncralin¥ funds arc Ihc ¢osis associaicd with allraclinB volunlary inconie. Charitllble expendilurc coinpriscs costs incurrcd by Ihc charity in Ihc deliv¢ry of tis aciivilics and scrviccs for ils b¢n¢fi¢iaries. Flxed assets Individual fixcd as5Cts are inilially recorded &1 cost. Dcprccialion is provided on langiblc fixcd asscls $0 a.s lo wrilc otT thc ¢051 01 valuation, le.88 any csiiinaicd rcsidual valuc, ovcr Ihcir cxpccicd useful ¢¢onoinic life 18 follows.. Plant and machinery Frcchold prop¢rty 25Vo on rcducin¥ balancc ba8lS Sirni¥hi linc ovcr IIX) ycars Siocks Siock 18 valucd al Ihc lowcr of ¢ost and ncl realisable value, after due regard ftir obsolclc aThJ slow moving Sloek. Nci rcalisablc valuc is bascd on sclling pric¢ Icss anli¢ipalcd costs lo completion and .sclling costs. Iicrns donalcd for rc5alc or distribution arc not Includcd in Ihc financial .slatcmenls until t￿.Y are gold or distribuied. Paue 9 continucd...

Siurmln$t¢r iYeThton Comniunltv Bullding Trust Note5 to the Flnanclwl SlgtemeDts - ¢onlinued for the Yer Ended 31 i¥lay 2024 ACCOUYTIYG POLICIES- ¢on¢lnued Irrecoverable vat Irrecoverdble V AT i.s charged against Ihc caicgyory of rcbourcc% cxpciidcd for ivhich li was iii¢urr¢iJ. Fund accounilng Uiircslriclcd incomc fiind% arc gcncral fun(Ls that are available for iLSC ai th¢ Iriistees, discretion in ￿rther￿nce of Ihc obJLYlives ofihe charily. Rcslrictcd funds can only be used for pglrlicular rc8lriclcd purpo.qcs ivithin the objectq of the charity or arc siibjcci lo re8triciions oil ihcir cxpcndilurc im￿Scd by Ihc donor or through tcrms of an appeal. Dcsignalcd funds arc unrcslriclcd funds cannaTk¢d by Ihe IN8iccs for purlicular piio)oses. Opernting lefises R¢nials payabl¢ under operating leases are charged in Ihc siatciiKnt of financial 8clivilies on a $lr&ibvhi linc ba.sis over Ihe leasc Icrni. Pen51on ¢osts and other po$t-T¢tiremeni beneflts The chariiable company opcral¢s a defin¢d conlribulion pcn8ion scheine. Conlribuiions payable io the charilable ¢oinpany's pension scheine are char8ed lo Ihe Sialcnicnt of Financial Activities in the period to which Ihcy rclalc. Government grlnts Govcmincnt grants shall bc r¢cogni%ed in profil or loss on a systcmalic over Ihe periods in which Ihc entity r¢¢ognises as cxpcnscs th¢ r¢latcd costs for which Ihc ¥ranls are inlcndcd lo coinpcnsalc. Governance Costs Govcmance co$is includc ¢osis of th¢ pr¢p8ralion and cxaminalion of th¢ Slf¢iiilOry accounts, the cost% of truslee m¢ctin8s and Ihe cost of any Icgal advicc lo Iruslccs on ¥overn8nce or eonqiittiiionfil Inaiicrs. Support costs Support cosls includc ccnlral functiong and have been allo¢at¢d lo activity cosl caie¥orits on a basis consisieni ivith Ihe usc of rc50UTCCS, for ¢xaniplc. allocating propcrty eosls by floor arca, or pcr capita, 51aff costs by lime spent and other costs by Ihcir usag¢, Debtors Trad¢ and oihLr dcbiDfi are re¢ogni8ed al Ihc 8eiilcincni amount due after any Iradc discount offcrcd. Prcpiiymcnts are valucd al Ihc amount prcpaid n¢t of any Irade discoun18 diic. C4sh at B￿nk nd In hAnd Cash ai bank and in hand includcs cash and short Icmi highly liquid invcsiincnls Mith a short n)alurily of Ihrec months or le%5 froin Ihc dale of acqiiisilion or opcning of lh¢ dcpo4il or siniilar account. Credltors Crcdilors arc rccognised ivherc ihc ehariiy has a prescnt obligb¢ltion rcsulting froih a pagi cv¢ni rhai will probably rc8uII in Ihc Iransf¢r of funds lo a third party and Ihc amount du¢ lo sctile the obligalion can bc mcasurcd or C.Stiinalcd rcliably. Pase 10 conlinucd..

St￿rn￿n$t¢￿ Yewlon Comniunlty Building Tru51 Notes to the FIDanei*l StAtement5 - Colltlnued for the Year Ended 31 May 2024 DONATIONS AND LEGACIKS 20?4 2023 Appcals and donations Gift aid Grants 10,545 12,417 299 8,500 35.000 45,545 21,216 Grants reccivcd, Includcd in Ihc abovci 41r¢ a5 follows.. 2024 2023 Rotary Granl Stour Managciiienl Lld Williaiii Williains 1.000 7.500 35.000 35,000 8.500 IYVESTMENT IIYCOME 2024 2023 Inieresi on cash deposits 856 260 IYCOME FROM CHARITABLE ACTIVITIES 2024 2023 Aclivity Charilabl¢ aciiviii¢.q Charitable acliviiics Charilobl¢ (Iclivilies Baw %ale8 and rcfrcshm¢NIs Ticket sale8 Sponsorship Room hire and booking inconie Oihcr incoi 86,646 199,863 1.980 74.260 163,813 Charilablc aclivilics Charilablc aclivilics 69,270 5,519 66,294 1,923 363,278 306.290 Pagcll conlinucd...

Sturmlnster Yei%'ton Communitv Building Trust Yote5 to the Flnancll Stllements - ¢ontinued for the Year Ended 31 May 21124 RAISIYG FUYDS Other tradlng a¢livities 2024 2023 Purchases Hire of plani and iy)achincry Bad debts 170.735 4.253 156.194 5,767 367 174.988 162.328 Investment mrtagemenl costs 2024 2023 Property repairs 2.491 2.143 Agg￿¥&1¢ amounls 177.479 164.471 YET IYCOMEI{EXPEYDITURE) Nel incomci(cxpcnditurc) Is sialed after charginWIcr￿itln%)'. 2024 2023 Dcpreeiaiion . owllcd asscls Hirc of plant and machinery 1ndc￿ndent Examination 28,568 4.253 2.400 29,322 5,767 2,400 TRUSTEES, REMUNERATIOY ANI D BEYEFITS Thcrc iverc no irusicc8' rcii)un¢ralion or oihcr b¢ncfilS for Ihe y¢ar ¢iidcd 31 May 2024 1101 for ihc year ended 31 May2023. Tru5tee5' expenses Th¢ ITU51¢cs were nol rcimburscd fov any oul of pocket exp¢n8c% for Ihc year endcd 31 May 202412023: £nil). Paw 12 conlinucd..

St￿rn￿nSter New'ton Comniunit}' Bwilding Trust Yotes lo the Flnan¢lal Slatenients - ¢ontinued (or the Vear Ended 31 ￿12) 2024 STAFF COSTS 2024 ?023 Wagcs and &ilaric. Oiher pcnsion coil 88.623 2,014 77,539 1,484 90.637 79,023 Thc avcragc monthly nunibcr of Cinploycci durin&T Ihc year was as follows: 7024 2023 Staff No cmployecs received e1)￿1￿11￿￿ts in ¢x¢ess of £60,000. COMPARATIVES FOR THE STATEMEYT OF FIYANCIAL ACTIVITIES Unrcsirictcd runds Rc5trictcd funds Tolal funds IkYCOME AYD EYDOWMENTS FRO￿1 Donaiions and l¢ga¢ic$ 5.741 15,475 21,216 Chfirliable Actlvlll¢s Churilable aclivilics 31x5,290 306,290 Invcslmcnl incoi 260 260 Totil 312291 15,475 327.766 EXPENDITURE ON Raising fvnds 164.471 164,471 ChArlt*ble 2etlvliles ch￿rilabl¢ aclivilies 34,741 34,741 Other 157.059 1,605 158.664 To¢41 356,271 1.605 357.876 NET IYCOMEI(EXPEYDITURE) TrAnsfers between funds <43,9801 5,370 13.870 (5.370} (30,110) Yet movement In funds 138,610) 8,500 (30,110) RECONCILIATION OF FUYDS Total funds broughi fonvard .716.086 ,716,086 Pagc 13 coiilinucd...

Sturmln$ter Yemlon Coniniunitv Building Trust Yot¢s to the Flnanclal Siatemenls- continued for the Year Ended 31 ￿141, 2024 io. Co￿1PARATIVEs FOR THE STATEMEYT OF FIYAYCIAL ACTIVITIES- ¢ontinued Unresiricrcd Rcstriclcd funds Toial TOTAL FU.YDS CARRIED FORWARD ,677,476 8.500 1.685,976 TANGIBLE FIXED ASSETS Freehold propcrty Planl and mllchincry Tolals COST Al l Jiinc 2023 Addition 2.124,924 138,453 10.754 2,263,377 10.754 At JI May 2024 2,124,924 149.207 2,274,131 DEPRECIATIOY Ai l June 2023 Char8c for year 508,797 21,249 114,198 7,319 622.995 28.568 Ai 31 May 2024 530,046 121,517 651.563 NET BOOK VALUE Al 3 l May 2024 1,594.878 27,690 1,622,568 At 31 May 2023 1,616.127 24,255 1,640,382 12. STOCKS 2024 2023 Stocks 3.760 3.619 ij. DEBTORS: AMOUYTS FALLI,YG DUE WITHIY OYE YEAR 2024 2023 Trad¢ dcbiors Oihcr dcbiors VAT Prcpayinenls and accrued incom¢ 23,966 1,000 1,500 5,109 14,096 720 3,605 5,018 31.575 23,439 Pagie 14 conlinued...

Sturn)inster .Yewlon Communitv Building Trust Yotes to the Financial Si*lements- continued for the Year Ended 31 illay 2024 14. CREDITORS: AfvIOUNTS FALLING DUE IVITHIN OYE YEAR 2024 2023 Tradc crcdilors Social sccurity and other i#xc.8 Olhcr crcdilors Accwi11s aiid deferred incoi)Ic 19.863 747 4.508 49,779 21,341 600 4.118 40,679 74,957 66.738 15. LEASING AGREEIIIENTS Minimuin Icasc paymcnls undci. non-canccllablc opcrating lease8 fall due as follows.. 2024 2023 Within one ycar Bctivccn onc and five ycars 187 187 748 187 935 16. AIYALYSIS OF YET ASSETS BETWEEY FUIYDS 2024 Toial funds 2023 Tolal Unrcstriclcd nds Reslricled nds Fixcd assc15 Curreni ass¢15 Currcni liabilillcs .622.568 133,631 (74,957) ,622,568 143.631 (74,957} 1.640,382 112.332 {66,738) i 0,000 1,681,242 i 0,000 ,691,242 1.685.976 17. MOVEMEIYT IY FUNDS Nei movcmcnl in fvnds Ai 1.6.23 31.5.24 Unrestrlcted (und$ Unrestricted fund 1,677.476 3,766 1,681,242 Reslrlcted funds LED LiLihiing William William% Lighiin8 8,500 (8,5001 i 0.000 i 0.000 8.500 1,500 i 0,000 TOTAL FUYDS 1,685.976 5,266 1.691,242 Page 15 conlinucd .

Sturmlnster ,Y¢M'lon Communitv Building Trusl Yote5 to the FlnAnelal SIAtemenls- conlinyed for the Year Ended 31 ￿1Y 2024 17. I￿luvENIENT IN FUNDS- contlnued Nel iliovciiiciil iii fuiid%. includcd in Ihc al)ovc arc as follows-. Incoming rcsouTCCS Rc$ourc¢s cxpcndcd Movcincnl in fvnds Unreslrlcted funds Unrcslrictcd fuiid 399.679 (395,9131 3.766 Restrlcted funds LED Lighting Williani Willianis Lighiing {8.500) {8.500) i 0.000 i 0.000 i 0.000 18.500) 1,500 TOTAL FUNDS 409,679 (404.413) 5.266 Comp&rllves for movement In funds Ncl niovenienl in fijnds Transfers bciwcen Al 1.6.22 31.5.23 Unre$trlcted funds Unrestricted fvnd 1,716.086 (43.9801 3.370 1,677.476 Restrleled fund8 LED Lighiing Souftd Systein 8,500 5.370 8,500 (5.3701 13.870 (5.3 70) 8.500 TOTAL FUYDS .716,086 i)o,110) 1,685,976 P8¥¢ 10 conlinucd...

Sturmln$ter Neii'ton Communilv Building Trust Note5 to the Financial St*tÈmenls- eonilnued lor the Year Ended 311¥14v 2024 17. I¥IOVEMEYT IY FUYDS- contlnued Comp41raiivc ncl moi'cmcni in funds. li￿l￿ded in Ihc above arc a% follo¥v.s: Incoinin rcwurees Rcsourcos cxpcndcd Movcimenl in fuiid Unrestrleted funds Unrestricted fiind 312,291 1356.271) {43.9801 Rtstrlcted funds LED LiyhiiiiB Sound Sysl¢m 8,500 6.97 5 8.51K) 5,370 11,6051 15,475 (1.6051 13.870 TOTAL FUNDS 327.766 (357,876) (Jo.I10) A currcnl ycar12 iiionihs and prior year12 Inonihs ¢ombincd position is 8 s fol lows., N¢1 Inovcn)cnl in funds Tran$fcrs b¢iw¢cn fvnds Ai 1.6.22 31.5.24 Unre5trlcted funds Unresirieied ￿nd ,716,086 {40,214) 5,370 ,681.242 Reslrlcted funds Soiind Syslein William Willia￿$ Lighii118 5,370 i 0,000 15.370) i 0.000 15.370 (5,370) i 0.000 TOTAL FUYDS 1,716,ot16 {24.844) 1.691.242 Pa8¢ 17 conlinucd.

S¢urniln$ter iY¢ii'ton Comniunil), Building Trust Yotes to the FinAneial Slatements - contlnued ror the Ye2r EDded 31 11.11) 2024 17. IIIOVETrIEYT INL FUYDS- contlnued A ¢urrcnl ycar 12 t)wiiih% and prior ycar 12 Inonllis ¢ombincd nel Inovciiwnl in thnd%. iiicliidcd in thL above Al'e as folloiv%: Incol￿7n rc$ource Rc.4ources cxpciidcd Movcinciit in tiind Unreslrlcted funds Unrestricted fund 711.970 (752.1841 (40,2541 Reitrleled funds LID Lighting Sound Systcin William Williaiiis Lighiin 8.500 6,975 i 0.000 (8,5001 (1,6051 5.370 10.0 25.475 (10,1051 15,370 TOTAL FUNDS 737,445 (762,289) (24.8441 Purpose of Restrlcted Funds Sound Syslcm . Grants Tcccivcd for ihc purpos¢ of purchasing ncw sound equipii*nl for ihe comii)unity building. LED Lightin¥- Donation received for Ihc purpose ofpurcha5ing ncw LED lighiing for lh¢ Coinmunity buildin8. William Williains Li8hiin8 - Grant received for the lighting costs of produclions. 18. OTHER FIYAYCIAL COMMITI¥IEYTS SNnninst¢r Ne￿On Building Trnsi operaie in preinises leased from SNrniinsler Ncwton TO￿ Council. Thc Icase is for 999 ycars and was si&7ncd by lh¢ Trusicc¥ on 20ih May 2015. 19. RELATED PARTY DISCLOSURES Truslccs and ￿lat¢d paTlics donnted £nil lo Ihc charity during the yeAr endcd 3 l May 2024 {2023: £220). During the year thcrc wcrc Iransa¢tion.% with J Cowley (Truslcc) of £760, foT p4yroll scrvi¢¢8 for ihc financial year, {2023: £786). Durin¥ the year. a 8rani of £3S.000 <2023: £nill was rec¢iv¢d froni Th¢ Charity of William Willianis. whcrc two of th¢ trus1￿5 also scrvc as truslccs. Durin¥ Ihe ycaT. J Cowlcy {Tru$lcc) and his partncr C Willi5 rcccivcd £1,822 (2023.. £nill for Ihc produc¢ion of brochures wiihin the year. R Coivlcy (Ttuslec) is a dircctor of thc company F Cowley & Son. During Ihc ycar. this company providcd plunibin scrviccs 10lalling £1.035 (2023: £nil) Durinby the year. T J Laccy. Ihc husband of a Truste¢, r¢¢civcd £5012023: £nil) for services as Icchnician for on¢ of the produclions durin¥ Ihc ycaT. Pag¢ 18 conlinued...

Sturmlnster Yi ell'ton Comniunit!. Building Trust Note5 to the FlnAnelAI Si#¢emen15 - Contlnued for the Year Ended J I l¥lJv 2024 19. RELATED PARTY DISCLOSURES- contlnued S Palnwr is 41 director of ihe eoinpany E B Marsh & Soil Lid. During Ihc ycar. SILirminster Ncwlon Coiiiiiiiinily Buildingy Tru%1 purchas¢d good% lolallinbJ £29 (2023.. £iiil). P48¢ 19