THORNBURY COMMUNITY BUILDING TRUST (TCBT)
FINANCIAL STATEMENTS
31 MARCH 2025
Charity Registration Number 1118127
Company Registration Number 05773927

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
CONTENTS
Pages
Reference and administrative information
Trustees, annual report
Independent Examiner's report
Statement of financial activities
Balance sheet
Notes forming part of the financial statements
9-14

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
REFERENCE AND ADMINISTRATIVE INFORMATION
YEAR ENDED 31 MARCH 2025
The members present their annual report and the financial statements for the year ended 31
March 2025.
Reference and Administration
Company Name
Thornbury Community Building Trust (TCBT)
Registered charity number
1118127
Registered company number
05773927
Registered Office Address
Thornbury Community Building Trust.
Turnberries,
Bath Road.
Thornbury,
South Gloucestershire,
England, BS35 2BB
Independent Examiner
Joshua Kingston BSC. ACA
Burton Sweet Limited
The Clock Tower,
5 Farleigh Court,
Old Weston Road,
Flax Bourton.
Bristol BS48 1 UR
Trustees
The Trustees of the charitable company are its directors for the purpose of company law.
The Trustees serving during the period to the date of signing this report are as follows:
l Robinson
G Jarvis (Resigned 5 August 2024)
E M Grindey
th
Company secretary
E M Grindey
IITCBT

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES
Objectives and Aims
1. To promote for the inhabilants of Thornbury and the surrounding area ( hereinafter called
the area of benefit ) the provision of facilities for recreation or other leisure time occupation
of individuals who have need of such facilities by reason of their youth, age. infirmity or
disablement, financial hardship or social or economic circumstances or for the public at
large in the interest of social welfare and the object of advancing education and improving
the condition of life of the said inhabitants.
2. To maintain and manage, or to c(koperate with any local statutory authority in the
maintenance and management of a community building (hereinafter called the Centre) for
activities promoted by the Thombury Community Building Trust and its constituent bodies
in furtherance of the above objects.
The charity fulfils these objectives by ac￿ptIng the lease from South Glouceslershire Council of
the building known as Turnberries and running the building for the benefit of the people of
Thornbury and the surrounding area. We have referred to the guidance contained in the Charity
Commission's general guidance on public benefit when reviewing our aims and objectives. All our
charitable activities are undertaken to further our charitable purposes for the public benefit.
ACHIEVEMENTS AND PERFORMANCE
Charitable Activities
We would like to thank fellow TCBT staff for all the work undertaken to ensure the continued
recovery back to pre- pandemic levels of activity. All have continued to ensure that when available
Turnberries is used for the educational and recreational benefit of all groups in the community and
wider area.
During this accounting period South GIoU￿sterShIre Council teminated the lease for that part of
the building previously occupied by the Day Centre which had provided services for adults with
learning difficulties.
Some youth service provision continues to be provided by Krunch who are currently South
Gloucestershire's preferred supplier for this servi￿.
Throughout the year some special one-off evening or weekend events were held e.g. The Train
Fayre, The Spring and Autumn Flower shows and a special evening held by a well known Medium.
Alongside the nomial range of community groups using the ￿ntre there continued to be an
increasing focus on various aspects of adult fitness, mother and babyltoddler groups and
organisations using the ￿ntre for training purposes or health care assessment.
There were new regular groups such as ballroom dancing. c(M)kery school for kids and another
professional group using the centre for staff training.
Most regular classes continued with a couple increasing their hire time.
21TCBT

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
The rental income during the year was £127,259 (2024: £168,191). Basic income from aclivities
within the centre increased by £20K + despite the loss of income from SGC withdrawing from their
lease.
The Trust has increased the sinking fund provision in line with the agreed policy set by South
Gloucestershire Council.
Provision has been made in the accounts for any expected expenses not received during the year.
Reserves Policy
The charity has established a policy whereby the unrestricted funds not committed or invested in
tangible fixed assets ('the free reserves") held by the charity should equate to approximately six
months operation costs. around £80,000 in general funds. At this level the trustees feel that it
would be able to continue the current activities of the charity in the event of a significant drop in
funding or to sustain through a bad trading period or uncertainty caused from a worldwide event.
The free reserves held by the charitable company at the year-end amounted to £211,853 {2024:
£252,024). Our reserves were increased in previous years in preparation for when SGC stop
paying for the ' Adult Services Area ' lease. This formed a marked percentage of the centre's
tumover and could take to three years to build up SLrfficient revenue to repla￿ it. The
increased reserves will allow the ￿ntre to continue normally for this period.
FUTURE DEVELOPMENTS
To refurbish the kitchen with the aim to attract groups to use it on a regular basis for training
purposes and to hire out for specific events which will require access to a commercial facility for
catering purposes.
To continue to increase the use of the facilities by increasing advertising to the general public and
the local business community.
To increase the level of investment in equipment thus enhancing the available facilities.
To invest in staff development
To continue to try and recruit some additional active trustees from the local community.
31TCBT

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The charity is governed by its memorandum and articles of association, constitutes a company
limited by guarantee and is registered as a charity with the Charity Commission. It was
incorporated on the 71h April 2006. The liability of the members in the event of the company being
wound up is limiled to a sum not exceeding £10 each.
Trustees
The Board shall comprise of between four and nine elected Trustees. New Trustees are elected
individually at the Annual General Meeting. Trustees may c(Fopt any person to the Board during
the year until the next AGM. To recruit new trustees there are permanent vacancy notices in the
local Volunteers Offi￿. on our website and Facebook page. The Trustees must hold at least 6
meetings a year.
41TCBT

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
RESPONSIBILrriES OF THE TRUSTEES
The trustees (who are also directors of Thornbury Community Building Trust for the purposes of
company law) are responsible for preparing the Trustees, Report (incorporating the strategic report
and directors, report} and the financial statements in accordance wilh applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102- The Financial
Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted
Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charitable company and of the income and
expenditure, of the charitable company for that period. In preparing these financial statements. the
trustees are required to:
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements., and
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the charilable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and enable them
to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Registered office:
Signed by order of the Trustees:
Thornbury Community Building Trust
Turnberries
Bath Road
Thornbury
South Gloucestershire
BS35 2BB
lan Robinson
Trustee
Approved by the Trustees on
6 November 2025
51TCBT

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
YEAR ENDED 31 MARCH 2025
I report to the charity trustees on my examination of the accounts of the Company for the year
ended 31 March 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 accordan￿ 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 respecl of my
examination of your charity's accounts as Ca￿led out under section 145 of the Charities Act 2011
I'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 examinerfs statement
I have completed my examination. I confimi that no matters have come to my attention in
connection with the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by section 386
of the 2006 Act., or
the accounts do not accord with those records., or
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
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 concems 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.
ockkn
Joshua Kingston BSC. ACA
Burton Sweet Limited Chartered Accountants
The Clock Tower
5 Fadeigh Court
Old Weston Road
Flax Bourton
Bristol BS48 1 UR
Date..
6 November 2025
61TCBT

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
STATEMENT OF FINANCIAL ACTIVITIES (Including income and expenditure account)
YEAR ENDED 31 MARCH 2025
Total Funds Total Funds
2025
2024
Note
Income from:
Charitable activities
Investments
127.259
3,384
168,191
2.452
Total income
130.643
170,643
Expenditure on:
Charitable activities
168,283
143,927
Total expenditure
168,283
143,927
Net incomel(expenditure) and
net movement in funds
(37,640)
26,716
Total funds at start of year
264.014
237,298
Total funds at end of year
226.374
264,014
All movements in the current and prior year were represented by unrestricted funds.
The Charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
The notes on pages 9 to 14 form part of these financial statements

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
BALANCE SHEET
AS AT 31 MARCH 2025
Company number: 05773927
2025
2024
Note
Fixed assets
Tangible fixed assets
394
1.363
Current assets
Deblors
Stock
Cash at bank
3,926
224
236,192
5,617
595
267,733
240,342
273,945
Liabilities
Creditors '. amounts falling
due within one year
(14,362)
(11,294)
Net Assets
226,374
264,014
FUNDS
Unrestricted funds
General funds
Designated funds
10
10
211,853
14,521
252,024
11.990
Total funds
226,374
264,014
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Director's responsibilities-
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject
to the small companies. regime.
These financial statements were approved by the Trustees on
behalf by:
6 November 2025
and are signed on their
lan Robinson
Trustee
The notes on pages 9 to 14 form part of these financial statements

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1 Accountlng pollcles
(a) Accounting convention
The financial statements have been prepared in accordance with the historical cost convention
(except where olherwise stated in the accounting policy note) and in accordance with the Statement
of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
1021 issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom
and Republic of Ireland (FRS 102), and the Companies Act 2006.
The charity is a Public Benefit Entity as defined under FRS 102.
There are no material uncertainties about the charity's ability to continue as a going concem, despite
the significant unGertainty being caused by the national cost of living crisis. Whilst the Trustees expect
there to be a significant impact on the charity's operations and reserves in the coming months and
years, the charity has sufficient reserves to be able to meet these challenges.
(b} Income
Income is recognised and included in the accounts when the charity becomes entilled to the funds,
performance conditions attached to the income have been met, receipt of the income is considered
probable. and the amount can be measured reliably. In the prior year, income has been restated to
better reflect the income Sour￿$.
(c) Expenditu
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a
third party. It is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to that activity inclusive of VAT. Support costs and where costs cannot be
directly attributed have been allocated to charitable activities. Governance costs are those incurred in
Complian￿ with constitutional and ststutory requirements, are included within support costs and
allocated as described above.
(d) Tangible fixed assets
Fixed assets are held at cost less accumulated depreciation. Depreciation is calculated so as to write
off the cost of an asset, less its estimated residual value, over the useful economic life of that asset
as follows..
Fixtures & fittings
Plant & Machinery
- 330/0 on cost"
- 33 /0 on cost"
(e) Taxation
The company is a registered charity and it is considered that there is no liability to corporation tax.

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1 Accountlng pollcles (contlnued)
(n Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.
(g) Stock
Stocks are valued at the lower of cost and net realisable value. after making due allowance for
obsolete and slow moving items. Donated items are not valued in stock and recognised in income
only when sold.
(h} Cash at Bank
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
(i) Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a
past event that will probably result in the transfer of funds to a third party and the amount due to settle
the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement amount after allowing for any discounts due.
ti) Fund accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the
general objectives of the charity.
Restricted funds may only be applied for particular purposes within the objects, as specified by
donors of that fund.
Designated funds form part of unrestricted funds and have been identified as being for particular
purposes by the Trustees. They are not restricted and can be transferred to general funds at any time
at the discretion of Ihe Trustees. The purpose and likely timing of the use of each designaled fund is
set out in note 9 to the financial statements.
(k) Pension costs and other post-retirement benefrts
The Charitable company operates a defined contribution pension scheme. Contributions payable to
the charitable company's pension scheme are charged to the Statemenl of Financial Activilies in the
period to which they relate.
10

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
2 Income from: Charitable activities
Total Funds Total Funds
2025
2024
Community usage hires
South Glos ADS Funding
127,259
102,403
65,788
127.259
168,191
3 Expenditure on: Charitable activities
Total Funds Total Funds
2025
2024
Wages
Pensions
Rates and Water
Insurance
Bar Supplies
Light and heat
Telephone
Poslage and stationary
Advertising
Premises costs
Security
Bank Charges
Depreciation
Governance ¢osts
Independent examinerfs fee
Accountancy and bookkeeping
52,207
664
3,318
8,596
2.774
30,237
1,142
1.140
663
59,459
2.972
415
969
45,904
520
3.277
8.496
1,452
34,497
1.080
1,154
735
40.800
1.236
463
889
2.490
1,237
2,262
1.162
168,283
143,927
4 Net incomel(expenditure) for the year
2025
2024
This is stated after charging-
Depreciation
Independent examinerfs fee
969
2.490
889
2,262
There were no truslees. remuneration, other benefits, or trustees, expenses paid for the year ended
31 March 2025 nor the year ended 31 March 2024.

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
5 Staff costs and numbers
The aggregate payroll costs were:
2025
2024
Wages & salaries
Pension contributions
52,207
664
45.904
520
52,871
46,424
No employee received emoluments of more than £60,000 in the current or prior year.
The average monthly number (headcount) of employees in the year was 5 (2024: 5), calculated on
the basis of average headcount.
The key management personnel consist of the trustees and the ￿ntre manager.
The total employment benefits received by key management personnel including employer national
insurance and employer pension were £18,428 (2024.. £18,429).
6 Tangible fixed assets
Fixtures &
Fittings
Plant &
Machinery
Total
Cost or valuation
At 1 April 2024
Additions
10,560
58,959
69.519
At 31 March 2025
10,560
58,959
69,519
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
10,560
57,596
969
68,156
969
10,560
58,565
69,125
Net book value
At 31 March 2025
394
394
At 31 March 2024
1,363
1,363
7 Debtors
2025
2024
Due in less than one year:
Trade debtors
Prepayments and accrued income
2,165
1,761
1.702
3,915
3,926
5,617
12

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
8 Creditors: amounts falling due within one year
2025
2024
Trade creditors
Taxation and social security
Accruals and deferred income
Other creditors
4,969
511
6,458
2,424
4.772
424
3,497
2,601
14,362
11,294
9 Movement in funds
At1Apr
2024
At 31 Mar
2025
Income
Expenditure
Transfers
Unrestricted funds
General funds
252,024
130,643
(167,314)
{3,500)
211,853
Designated funds
Sinking fund
TCBT fixed asset reserve
Dilapidations reserve
7.170
1,363
3,457
3.500
10.670
394
3,457
(969)
Total unrestricted funds
264,014
130,643
(168,283)
226,374
Total funds
264,014
130,643
168,283
226,374
At1Apr
2023
At 31 Mar
2024
Prior year comparative
Income
Expenditure
Transfers
Unrestricted funds
General funds
228,399
170.643
(143,038)
(3,980)
252,024
Designated funds
Sinking fund
TCBT fixed asset reserve
Dilapidations reserve
3.670
1,772
3,457
3.500
480
7,170
1.363
3.457
(889)
Total unrestricted funds
237.298
170,643
143.927
264,014
Total funds
237,298
170,643
143.927
264,014
Designated funds
Sinking fund - On instruction from SGC a provision of £3.5k per year has been set aside in order to
build up a sinking fund for the provision of large long term repairs to the building and propety- This
fund can only be used with the permission of SGC.
TCB T fixed asset reserve - The trustees have created a designated fund at the net book value of
assets at the year-end. As at 31 March 2025 this reserve amounted to £394 (2024.. £1,363).
13

THORNBURY COMMUNITY BUILDING TRUST (TCBT)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
9 Movement in funds (continued)
Dilapidations reserve- These funds have been set aside by the charity to undertake repairs.
This leaves General funds showing the free reserves of the Charity.
10 Analysis of net assets between funds
Unrestricted Unrestricted
Designated
General
Funds
Funds
Total
As at 31 March 2025
Tangible fixed assets
Other net assets
394
14,127
394
225,980
211,853
14,521
211,853
226,374
Unrestricted Unrestricted
Designated
General
Funds
Funds
Total
As at 31 March 2024
Tangible fixed assets
Other net assets
1,363
10,627
1,363
262,651
252,024
11,990
252.024
264,014
11 Company limited by guarantee
The Company is limited by guarantee and as such has no issued share capital. In the event of the
company being wound up the liability of the members is limited £1 each.
12 Related party transactions
There are no transactions with trustees or other related parties other than those disclosed as required
by Ihe SORP elsewhere in the financial statements (2024: Nil).
14