Charity number. 1129153 The Sidney Centre Charity BOARD OF TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SIDNEY WEST CEMfRE CHARITY CONTENTS Page Reference and admlnlstrative dÈtail$ of the Charity. its trustses and advisers Boanl of Trustees. report Statement of financial activities Balance sheet Notes to the financial statements Ind•pendent Examinefs report
REFERENCE AND ADMINISTRAnVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Board of Trustses Christine Cherry Nick Ellis Anne Eve5 Diane Heckles Simon Hicks- Chaimian Stephen Laing Tofoiiul Hussain Charity registered number 1129153. Principal office 96 Church Walk, Burgess Hill, Wesl Sussex. RHIS 9AS. Financial Report prepared by: Burgess Hill Town coun1. 96 Church Walk, Burgess Hlll. RH15 OLA. Auditor5 Mulberry & Co Chartered Certified Accounlanls & Chartered Tax Adwsers. Easlgate House. Dogllud Way. Famham, Surrey GU9 7UD Bankers National Westminster Bank, Haywards Heath. Page 1
BOARD OF TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Board of Trustees submit their annual report and the financial statements of the Sidney West Centre Charty (the Charity) lor the year ended 31 Mareh 2024. The Board of Trustees confimi the annual report and financial statements of the Charity Comply with current statutory requirements. the requirements of the Charitys goveming documtrnl and the provisions of the Ststement of Recommended Practice ISORP} 'Accounting and Reporting by Charities" issued in March 2005. STRUCTURE, GOVERNANCE AND PIIANAGEMENT Con$titution The Charity is governed by 8 Memorandum antl Artldes of Assoclation. dated 31 October 2008. and is registered Charity number 1129153. Mgthod of Appointment or Election of Boar(l of Trustees The managernenl of the Charrty is the resptsnsibilty of the Board of Tnjstees. which is elected under the tem$ of the Memorandum and Artlcles ofAssociation. Oryanisalional Struetuye and Decision Plaking The Board of Trustees mls quarterty and makes Il main deosions regarding the business of the Charty. It delegates the day to day running of the Communty Centre to Burgess Hill Town Counal. Ri$k Manaymènt The Board of Trustees has assessed the major risks to whrh the Charity is exposed, in parbraJLar those related to the operations and finances oflhe Charity. and is satisfied that systems are in placeto mitigate its exposure to the major risks. OBJECTIVES AND ACTMTIES Poli¢ies and Objectivès The prirrip81 objects of the Charity are to promote the benefit of the inhabitants of Burgess Hill in the County of West Sussex and to establish. maintsin and manage a Communty Centre. There have bn no changes to the objects in the Lgst year. ACHIEVEMEiifs AND PERFORMANCE Review of Activities The Chartty continues to be a well-used facility from fithess, marual arts and childrgn's party hirers through I being the lo¢al area's family safeguarding location. FSnancial results for the year shows a surplus of £5,509 Investment policy and Perfonnance Net Current Assets remain strong at £79k (£74k pritxyea¢, and, whère possible. funds have been be placed on lor¥J lem) deposits with established high street banks and building sooeties. Related third party tran$actions During the year under rewew, the Charity was tharged £16,200 by Burgvss Hill Town Council for Management Fees. This 15 shown in the acUnts under note 3 'Resources Expende(r. Al the yearend date, the lown councl hekl £55,267 ofthe charty's fvnds. Page 2
FINANCIAL REVIEW Ros¢N¢s Policy 11 is the policy of the Charity to maintsin a Sinking Fund for the long-lemi future repair and rep1arnent of major rtems of expenditure. Currentty, of the annual surplus, rfany. ¢5 transferred each ygar lo the Sinknng Fund. Principal Income The Charity's princip81 inLX)me is derived from hiring out the fad1[eS 8tthe Communty Cenlre. PLANS FOR THE FUTURE The Charty will continue to hire-out the facility to local groups and individuals. This report was approved by the Board ofTrustees on isi 2025 and signed on their behaff by.. Chairperson Simon Hicks Page 3
STATEMENT OF FINANCIAL ACTIVITIES (incorporating in¢ome and expenditurg a¢¢oun¥ FOR THE YEAR ENDED 31 MARCH 2025 Totsl fund5 Totsj fun¢J8 2024125 2023124 INCOMING RESOURCES Income from the hire of faalities Interest earned TOTAL INCOMING RESOURCES 57.257 2.748 51.251 2,192 RESOURCES EXPENDED Running Costs Management Fee TOTAL RESOURCES EXPENDED 38,2 16.2CQ 44.101 16.200 INCOME I IEXPENDITUREI 5.509 {8.8581 TOTAL FUNDS AT I APRIL 2024 73.501 80.359 TOTAL FUNDS AT 31 MARCH 2025 All funds are unrestriclad The notes on pages 6 to 7 fomi part of these financK41 st*emgnts. Pag84
BALANCE SHEEf AS AT 31 hlARCH 2024 2024125 2023124 CURREIU ASSETS Debtors & prepayments Cash at bank Intra Account IBHTC-Netl Totsl CurrentAs$ets 3,477 43.251 55,267 101.995 6,113 24,338 88,498 118.949 Creditors= amounts falling within 1 year Ac¢nJals and Advance income Total Current LÉabiltlies 1.477 21.508 22.985 2,950 42,498 NET CURRENT ASSETS 79.010 73.501 TOTAL ASSErs 79.010 73.501 CHARITY FUNDS General Funds Designated Fund8 TOTAL FUNDS 20,470 58.540 79.010 17,716 55.785 73.501 These financial ststemenls were approved by the B08rd of Trtjslees on JI i I tt025 and signed on their beh8W by: Chairperson Simon Hicks Graham F alm, Flnan¢e Manager Page 5
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 1.1 Basis of preparatlon of financial statements The financial statements havè been prepared under the historical cost convention, wilh the exptIon of investments Irf applicable) which are included at market value, and in accordance with the Financial Reporting Stsndard (section IA of FRS 1021. The financial statements have been prepared in accordance with the Statement of Recommended Prac#ice ISORPI, 'Accounting and Repon9 by Charities" published in March 2005 and applicable accounting standards. 1.2 Fund accountiny General funds are unrestricted funds which are available for use at the dlscretion of the Board of Trustees in lurtheran(* of the general objectives of the Charity and which have not been designated for other purposes. Designated funds are unreslricte(I funds which have been sel aside by the Board of Trustees for particular purp05e5. The aim and use ol each designated fund 1$ set out in the notes lo the financAal slatemenls. To change the purpose for which a designated fvnd has been set-up. must be approved by the Board of Truslees. Restricted fuNls Irf appIlble) are funds whth are to be used in acts)rdan with specific reslrictKsns imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such fvnds are charged against the specific fijnd. The aim and us8 of each resfricted fund is sel out in the note5 to the financial slalements. Investrnenl income, gains and losses, if identifk8ble, a alk¢aled lo the appropriate fiJnd. 1.3 Incoming re$our¢es l incoming resources are induded in fv Ststemenl of Finer1 Acbwties when the Charity is le9alty entitled to the income and the amount can be quantified with Teasonable accuracy. Gifts in kind don81ed for distribution (If any) are included at valuation and recognised as InMe when they are dislribLrted to the projects. Grfts donated for resale lif any) are included as income when they are sold. 1.4 R•sourcÈs expended All expenditure is accounted for on an acLruals basis. 1.5 Tangible fixed assets and depreciation There are no langible red asset5 or depreciation. 1.6 Staff and Trustee$, ¢o$ts There are no stsff or Trustees, costs. 1.7 Pension Commitments There are no penslon commitments. Page 6
2024125 2023124 INCOMING RESOURCES Ad-hoc hirers Regular hiier5 Totsl income 4,000 53,257 57.257 2.509 48,742 Sl.251 RESOURCES EXPENDED Audit, Legal, Misc Cleaning Electric Gas Insurance MainlenancelRep8irslRenewals" Management Fees Planting Security. Waste Management Waterlsewage Totsl ResoureÈs Expended 510 10,592 2,332 5.454 1,098 14,268 16,200 1,101 1,824 176 941 54.496 614 9,638 4.089 6,262 989 18.640 16,200 1,092 leo 957 60,301 '2023r24- £398 reallocated from Maintenance to Security DEBTORS Prepayments Sales Ledger knrued Income Totsl Debtors 135 3,342 603 5,447 63 6.113 3.477 ACCRUALS AND ADVANCE INCOME Accruals Athance Income Total Accruals and Advan¢* In¢c 1.404 20,103 21.507 888 41,610 42.498 CHARITY FUNDS General Funds Funds BFwd 0110412024 Incoming Resources Transfers out Totsl Gènèral Funds 3110312025 17.716 5,509 {£2.7551 20.470 24.574 16,8581 17,716 Designated Funds a.Sinking Fund Funds BIFwd 01104024 Transfers in Totsl Sinking Fund 3110312025 55,785 2,755 58.540 55,785 55.785 Totsl Charlty Funds 3110312025 as 79.010 73,501 Page 7
Independent Examinerfs Report to the trustees of Sidney West Centre Charity I report to the trustees on my examination of the accounts of the Sidney West Centre Charity (the Charity) forthe year ended 31 March 2025. Respective responsibilities of trustees and examiner The charty'$ trustees are responsible for the preparation of the accounts. The chartiy's trustees ¢onsider that an audi( is not required for this year under section 144(21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 11 is my Tesponsibility to= examine the accounts under section 145 of the Charities Act 2011 to follow the procedures ld down in the general Directions gNen by the Charity Commission under section 145151(b} of the 2011 Act to state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was Carried out in accordan with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a mpariSOn of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and Consequent no opinion is given as lo whether the accounts present rue and fair vtew, and the rsport is limited to those matters set out in the next statement. Independent examlnerfs statement In eonrbection wrth my examin*ion, no matter has come to my attention". {1} which gNes me reasonable cause to believe that in any material resFect the requirements= a. to keep aOUntIng records in accordance with section 130 of the 2011 Act and b. to prepare accounts which aord wrth the accounting records and o)mpty with the accounting requitsments of the 2011 Act e. have not been met or 12) lo which, in my oplnion. attention should be dravffl in order to enable a proper understanding of the accounts lo be reached Mark Mulberry BA {Honsl FCCA CTA Mulberry & Co Registered Accountants and Tax Advisors Eastgate House Dogflud Way Famham Surrey, GU9 7UD