2025-03-31-accounts - The Mount Pleasant Centre Ltd

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The Mount Pleasant Centre

Charity No. 1135873

Company No. 06136043

Trustees' Report and Unaudited Accounts

31 March 2025

The Mount Pleasant Centre Contents

	Pages
Trustees' Annual Report	2 to 3
Independent Examiner's Report		4
Statement of Financial Activities		5
Summary Income and Expenditure Account		6
Balance Sheet		7
Statement of Cash flows		8
Notes to the Accounts	9 to	14
Detailed Statement of Financial Activities	15 to	16

Page 1

The Mount Pleasant Centre Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 06136043

Charity No. 1135873

Registered Office

1a Mount Pleasant Bradford On Avon Wiltshire BA15 1SJ

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

S. Blackwell

J.W. Brockbank (Resigned 20 July 2024) J.A. Hazell N.S. Rapson M. Roberts

D.N.J. Robins K. Vigar N. Wearing

Accountants

Davey Accounting Services 11 Abrahams Close Trowbridge Wiltshire BA14 0ND

OBJECTIVES AND ACTIVITIES

Objectives and aims

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 inhabitants of Bradford on Avon and the neighbourhood.
To maintain and manage the Mount Pleasant Centre (Whether in co-operation with any local authority or other person or body) in furtherance of these objectives.
To promote such other charitable purposes for the inhabitants of Bradford on Avon and the neighbourhood as the Trustees may from time to time determine.

Page 2

The Mount Pleasant Centre Trustees Annual Report

Public Benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. Maintaining the Centre on the higher side of the town offers the potential for further enrichment activities close to one of the Primary Schools and the main Secondary School population.

ACHIEVEMENTS AND PERFORMANCE

The two offices, on the first floor of the Centre, have been occupied by the same tenants for several years. Across the road, four of the residents park their cars in the Centre car park for an annual fee. The three rooms, on the ground floor of the Centre. Are heavily booked for our regular clients and those clients, who made one off bookings help us with our income.

In April 2024, the replacement roof, on the Club building, was completed and is keeping with the age of the building. During August 2024, the radiators in the Club building, were replaced and the new ones were more efficient than the old ones.

FINANCIAL REVIEW

The Trustees maintain at a level that they consider appropriate. The income comes from various groups of people with the client in charge of the group.

In December 2024, the Trustees all voted to pay a lump sum of £ 50,000 Off the loan of £ 97,000 from the Charity Bank. This reduced the monthly payments to almost half what they were.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

D.N.J. Robins Trustee 31 March 2025

Page 3

The Mount Pleasant Centre Independent Examiners Report

Independent Examiner's Report to the trustees of The Mount Pleasant Centre

I report to the charity trustees on my examination of the financial statements of The Mount Pleasant Centre 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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the financial statements of the Charity 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 financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements 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 financial statements to be reached.

Michael O'Neill

5 Birch Close Bowerhill Melksham Wiltshire

SN12 6SB 31 March 2025

Page 4

The Mount Pleasant Centre Statement of Financial Activities

for the year ended 31 March 2025

Unrestricted funds 2025 £ 5,000 36,813 18,500	Total funds 2025 £ 5,000 36,813 18,500	Total funds 2024 £ - 35,268 9,280
60,313 118,725 11,742	60,313 118,725 11,742	44,548 35,328 6,623
130,467 -	130,467 -	41,951 -
(70,154) -	(70,154) -	2,597 -
(70,154)	(70,154)	2,597
(70,154) 304,409	(70,154) 304,409	2,597 301,812
234,255	234,255	304,409

Page 5

The Mount Pleasant Centre Summary Income and Expenditure Account

for the year ended 31 March 2025

Income Gross income for the year Expenditure Interest payable Depreciation and charges for impairment of fixed assets Total expenditure for the year Net (expenditure)/income before tax for the year Net (expenditure )/income for the year	2025 £ 60,313 60,313 118,725 5,242 6,500 130,467 (70,154) (70,154)	2024 £ 44,548
		44,548
		35,328 - 6,623
		41,951
		2,597
		2,597

Page 6

The Mount Pleasant Centre Balance Sheet

at 31 March 2025

at 31 March 2025
Company No. 06136043	Notes	2025	2024
		£	£
Fixed assets
Tangible assets	11	234,148	298,939
Investments	12	1	1
		234,149	298,940
Current assets
Debtors	13	18,112	15,175
Cash at bank and in hand		24,599	25,544
		42,711	40,719
Creditors:Amount falling due within one year	14	(1,834)	(35,250)
Net current assets		40,877	5,469
Total assets less current liabilities		275,026	304,409
Creditors:Amounts falling due after more than one year	15	(40,771)	-
Net assets excluding pension asset or liability		234,255	304,409
Total net assets		234,255	304,409
The funds of the charity
Restricted funds	16
Unrestricted funds	16
General funds		234,255	304,409
		234,255	304,409
Reserves	16
Total funds		234,255	304,409

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 March 2025

And signed on its behalf by:

D.N.J. Robins Trustee 31 March 2025

Page 7

The Mount Pleasant Centre Statement of Cash flows for the year ended 31 March 2025

Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments (Increase)/Decrease in trade and other receivables (Decrease)/Increase in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments Net cash from/(used in) investing activities Cash flows from financing activities Repayment of borrowings Net cash from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2025 £ (70,154) 6,500 (18,500) (2,937) (33,416) (118,507) 58,291 18,500 76,791 40,771 40,771 (945) 25,544 24,599 24,599 24,599	2024 £ 2,597 6,623 (9,280) 54 35,306
		35,300 (58,291) 9,280
		(49,011)
		-
		-

		(13,711)
		39,254
		25,543

		25,544

		25,544

Page 8

The Mount Pleasant Centre Notes to the Accounts

for the year ended 31 March 2025

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

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 objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Incoming Resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources; the monetary value can be measured with sufficient reliability.

Grants and donations are only included in the SoFA when the general income recognition criteria are met.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property 2% on straight line basis

Fixtures and fittings 25% on reducing balance

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 9

The Mount Pleasant Centre

Notes to the Accounts

3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments from: Charitable activities Other Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donations 5 Income from charitable activities Maintain and manage property Bank Interest	Unrestricted £ 5,000 5,000 Unrestricted £ 36,203 610 36,813	Unrestricted funds 2024 £ 35,268 9,280 44,548 35,328 6,623 41,951 2,597 2,597 2,597 301,812 304,409 Total 2025 £ 5,000 5,000 Total 2025 £ 36,203 610 36,813	Total funds 2024 £ 35,268 9,280
			44,548 35,328 6,623
			41,951
			2,597
			2,597
			2,597 301,812
			304,409
			Total 2024 £ -
			-
			Total 2024 £ 34,636 632
			35,268

Page 10

The Mount Pleasant Centre Notes to the Accounts

6 Other income

Unrestricted £ 8,500 10,000 18,500	Total 2025 £ 8,500 10,000 18,500	Total 2024 £ 8,500 780
		9,280

Unrestricted £ 111,892 6,833 118,725 Unrestricted £ 5,242 6,500 11,742 2025 £ 6,500	Total 2025 £ 111,892 6,833 118,725 Total 2025 £ 5,242 6,500 11,742	Total 2024 £ 30,909 4,419
		35,328
		Total 2024 £ - 6,623
		6,623
		2024 £ 6,623

Page 11

The Mount Pleasant Centre Notes to the Accounts

11 Tangible fixed assets

11 Tangible fixed assets
Cost or revaluation At 1 April 2024 Additions At 31 March 2025 Depreciation and impairment At 1 April 2024 Depreciation charge for the year At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 12 Investments Cost or revaluation At 1 April 2024 At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 13 Debtors Other debtors Prepayments and accrued income 14 Creditors: amounts falling due within one year Trade creditors Other creditors Accruals	Land and buildings £ 364,863 (58,291) 306,572 67,399 6,131 73,530 233,042 297,464 2025 £ 18,112 - 18,112 2025 £ 783 1 1,050 1,834	Fixtures and fittings £ 10,403 - 10,403 8,928 369 9,297 1,106 1,475 Other investments - Listed £ 1 1 1 1	Total £ 375,266 (58,291)
			316,975
			76,327 6,500
			82,827
			234,148
			298,939
			Total £ 1
			1
			1
			1
			2024 £ 14,194 981
			15,175
			2024 £ 33,286 1 1,963
			35,250

Page 12

The Mount Pleasant Centre Notes to the Accounts

15 Creditors:

2025 £ 40,771 40,771 Incoming resources (including other gains/losses ) £ 60,313 60,313 At 1 April 2024 £	Resources expended £ (130,467) (130,467) Unrestricted funds £ 234,148 1 40,877 (40,771) 234,255 Cash flows £	2024 £ -
		-
		At 31 March 2025 £ 234,255
		234,255
		Total £ 234,148 1 40,877 (40,771)
		234,255
		At 31 March 2025 £
25,544	(945)	24,599
25,544 - - 25,544	(945) (40,771) (40,771) (41,716)	24,599 (40,771)
		(40,771)
		(16,172)

Page 13

The Mount Pleasant Centre Notes to the Accounts

19 Related party disclosures

Related party disclosures
		2025	2024
*Transactions with related*	*parties*	£	£
Name of related party	Mount Pleasant Club Ltd
Description of transaction
and general amounts	Rent
involved
Amount due from/(to) the	related party	8,500	8,500
Name of related party	Mount Pleasant Club Ltd
Description of transaction
and general amounts	Owed the charity
involved
Amount due from/(to) the	related party	18,112	14,194
*Controlling party*

The trustees consider that the charity is jointly controlled by the trustees and that there is no single ultimate controlling party.

Page 14

The Mount Pleasant Centre Detailed Statement of Financial Activities

for the year ended 31 March 2025

Income and endowments from: Donations and legacies Donations Charitable activities Maintain and manage property Bank Interest Other Rent from Mount Pleasant Club Grants Total income and endowments Expenditure on: Charitable activities Maintain and manage property Governance costs Bookkeeping and other professional fees Total of expenditure on charitable activities Other expenditure Bank loan and overdraft interest payable General administrative costs, including depreciation and amortisation Depreciation of land and buildings Depreciation of Fixtures and fittings Total of expenditure of other costs Total expenditure Net gains on investments	Unrestricted funds 2025 £ 5,000 5,000 36,203 610 36,813 8,500 10,000 18,500 60,313 111,892 111,892 6,833 6,833 118,725 5,242 5,242 6,131 369 6,500 11,742 130,467 -	Total funds 2025 £ 5,000 5,000 36,203 610 36,813 8,500 10,000 18,500 60,313 111,892 111,892 6,833 6,833 118,725 5,242 5,242 6,131 369 6,500 11,742 130,467 -	Total funds 2024 £ -
			-
			34,636 632
			35,268
			8,500 780
			9,280
			44,548 30,909
			30,909
			4,419
			4,419
			35,328 -
			-
			6,131 492
			6,623
			6,623
			41,951 -

Page 15

The Mount Pleasant Centre Detailed Statement of Financial Activities

Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	(70,154) (70,154) - (70,154) 304,409 234,255	(70,154) (70,154) - (70,154) 304,409 234,255	2,597
			2,597 -
			2,597
			301,812
			304,409

Page 16