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 P*ge Report of the Trustees Independent Ex*mlner'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 Secret*ry 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 $iBned on its b¢h#ifby', J Co1￿c> - I'Ns*e Pa8¢ 4 Independeni Exanilner's Report to the Trust¢e$ of Sturmlnster Yeii'lon Communlty Building Trust Independent ex*mlner's report to the trustee5 of SturniinslÈr Ntivton Community Buildlng Trust ('¢he Comp*nv') 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