**REGISTERED COMPANY NUMBER: 03994409 (England and Wales) REGISTERED CHARITY NUMBER: 1136161**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025**
## **FOR**
## **WYCOMBE COMMUNITY ARTS CENTRE**
Wallwork Nelson & Johnson Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH
**WYCOMBE COMMUNITY ARTS CENTRE**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|12|
**WYCOMBE COMMUNITY ARTS CENTRE (REGISTERED NUMBER: 03994409)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of 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 2019).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Charity constitution**
The objects of the charity are:
- to promote the arts for the benefit of the public in the Wycombe district by encouraging access to, engagement with and participation and creativity in the arts;
- to advance the education of the public in the area of benefit in the arts;
- to further or benefit the residents of the Wycombe district, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to provide facilities, in particular but not limited to a community centre, in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for residents;
- to advance for the benefit of the public in the area of benefit such other purposes as are exclusively charitable under the law of England and Wales as the trustees may resolve from time to time.
## **Policy on reserves**
The charity aims to hold three months operating costs in free reserves.
## **Risk management**
The major risks facing the Charity have been reviewed and systems have been established to mitigate those risks.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
03994409 (England and Wales)
## **Registered Charity number**
1136161
## **Registered office**
Wycombe Community Arts Centre St John's Desborough Road High Wycombe Buckinghamshire HP11 2PU
## **Trustees**
Ms A Baughan Councillor For Rymede And Micklefield R A Collins Company Director Ms A De Grey Director Ms Z File Teacher (appointed 11/7/2024) Ms J Hamilton Costume/fashion Designer (appointed 17/7/2024) S Kearey Accountant (appointed 17/7/2024) R M H Pollock Director Ms A Tambourine Accountant (appointed 17/7/2024) S Tate School Technical Manager
Page 1
**WYCOMBE COMMUNITY ARTS CENTRE (REGISTERED NUMBER: 03994409)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
Wallwork Nelson & Johnson Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Wycombe Community Arts Centre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those 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 judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.
Approved by order of the board of trustees on 31 March 2026 and signed on its behalf by:
R A Collins - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WYCOMBE COMMUNITY ARTS CENTRE**
## **Independent examiner's report to the trustees of Wycombe Community Arts Centre ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 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 accordance 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 respect of my examination of your charity's accounts 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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 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 accounts to be reached.
Paul Woodburn FCA The Institute of Chartered Accountants in England and Wales
Wallwork Nelson & Johnson Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH
31 March 2026
Page 3
**WYCOMBE COMMUNITY ARTS CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
698
**Charitable activities**
3
Events
95,719
General grants
52,000
Children's art club
5,379
Holiday activities and food
1,709
DesFest
500
Wycombe celebrates
1,000
Chair festival
2,495
Art school foundation
3,847
Other income
15
**Total**
163,362
**EXPENDITURE ON**
Raising funds
4
640
**Charitable activities**
5
Events
56,627
General grants
-
Children's art club
2,810
Holiday activities and food
732
DesFest
290
Wycombe celebrates
825
Chair festival
2,215
Art school foundation
1,500
Other
106,141
**Total**
171,780
**NET INCOME/(EXPENDITURE)**
(8,418)
**RECONCILIATION OF FUNDS**
Total funds brought forward
39,602
**TOTAL FUNDS CARRIED FORWARD**
31,184|Restricted
fund
£
-
-
34,470
-
-
-
-
-
-
-
34,470
-
-
37,450
-
-
-
-
-
-
-
37,450
(2,980)
37,450
34,470|31/5/25
31/5/24
Total
Total
funds
funds
£
£
698
4,496
95,719
110,845
86,470
54,617
5,379
-
1,709
-
500
-
1,000
-
2,495
-
3,847
-
15
233
197,832
170,191
640
-
56,627
70,695
37,450
-
2,810
-
732
-
290
-
825
-
2,215
-
1,500
-
106,141
90,209
209,230
160,904
(11,398)
9,287
77,052
67,767
65,654
77,054|31/5/25
31/5/24
Total
Total
funds
funds
£
£
698
4,496
95,719
110,845
86,470
54,617
5,379
-
1,709
-
500
-
1,000
-
2,495
-
3,847
-
15
233
197,832
170,191
640
-
56,627
70,695
37,450
-
2,810
-
732
-
290
-
825
-
2,215
-
1,500
-
106,141
90,209
209,230
160,904
(11,398)
9,287
77,052
67,767
65,654
77,054|
|---|---|---|---|
||||170,191|
||||-
70,695
-
-
-
-
-
-
-
90,209|
||||160,904|
||||9,287
67,767|
||||77,054|
The notes form part of these financial statements
Page 4
## **WYCOMBE COMMUNITY ARTS CENTRE (REGISTERED NUMBER: 03994409)**
## **BALANCE SHEET 31 MAY 2025**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
12
12,070
**CURRENT ASSETS**
Debtors
13
2,767
Cash at bank and in hand
50,947
53,714
**CREDITORS**
Amounts falling due within one year
14
(34,600)
**NET CURRENT ASSETS**
19,114
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
31,184
**NET ASSETS**
31,184
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
34,470
34,470
-
34,470
34,470
34,470|31/5/25
Total
funds
£
12,070
2,767
85,417
88,184
(34,600)
53,584
65,654
65,654
31,184
34,470
65,654|31/5/24
Total
funds
£
14,719
10,416
91,376
101,792
(39,457)
62,335
77,054
77,054
39,604
37,450
77,054|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 31 March 2026 and were signed on its behalf by:
R A Collins - Trustee
The notes form part of these financial statements
Page 5
**WYCOMBE COMMUNITY ARTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **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 objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Government grants**
The charity recognises grants based on the accrual model.
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the charity recognises the related costs for which the grant is intended to compensate.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Page 6
continued...
**WYCOMBE COMMUNITY ARTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025**
|**2.**
**DONATIONS AND LEGACIES**
Donations
**3.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Venue hire
Events
Ticket sales
Events
Bar sales
Events
Grants
General grants
Ticket sales
Children's art club
Grants
Children's art club
Grants
Holiday activities and food
Grants
DesFest
Grants
Wycombe celebrates
Grants
Chair festival
Ticket sales
Art school foundation
Grants received, included in the above, are as follows:
General grants
Children's art club
Holiday activities and food
DesFest
Wycombe celebrates
Chair festival
**4.**
**RAISING FUNDS**
**Other trading activities**
Bad debts|31/5/25
£
698
31/5/25
£
37,615
8,199
49,905
86,470
1,674
3,705
1,709
500
1,000
2,495
3,847
197,119
31/5/25
£
86,470
3,705
1,709
500
1,000
2,495
95,879
31/5/25
£
640|31/5/24
£
4,496
31/5/24
£
36,351
10,107
64,387
54,617
-
-
-
-
-
-
-|
|---|---|---|
|||165,462|
|||31/5/24
£
54,617
-
-
-
-
-
54,617
31/5/24
£
-|
continued...
Page 7
**WYCOMBE COMMUNITY ARTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025**
## **5. CHARITABLE ACTIVITIES COSTS**
|**CHARITABLE ACTIVITIES COSTS**||
|---|---|
|Events
General grants
Children's art club
Holiday activities and food
DesFest
Wycombe celebrates
Chair festival
Art school foundation|Direct
Costs
£
56,627
37,450
2,810
732
290
825
2,215
1,500|
||102,449|
## **6. SUPPORT COSTS**
|||Human||Governance||
|---|---|---|---|---|---|
||Management|resources|Other|costs|Totals|
||£|£|£|£|£|
|Other resources expended|30,065|70,730|4,696|650|106,141|
## **7.**
## **NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||31/5/25|31/5/24|
|---|---|---|
||£|£|
|Depreciation - owned assets|2,649|3,231|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.
## **9. STAFF COSTS**
||31/5/25|31/5/24|
|---|---|---|
||£|£|
|Wages and salaries|84,720|50,297|
|Social security costs|908|-|
|Other pension costs|2,347|-|
||87,975|50,297|
|The average monthly number of employees during the year was as follows:|||
||31/5/25|31/5/24|
|Administration staff|2|2|
|Bar staff|2|2|
||4|4|
No employees received emoluments in excess of £60,000.
continued...
Page 8
**WYCOMBE COMMUNITY ARTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025**
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
4,496
**Charitable activities**
Events
110,845
General grants
17,167
Other income
233
**Total**
132,741
**EXPENDITURE ON**
**Charitable activities**
Events
70,695
Other
90,209
**Total**
160,904
**NET INCOME/(EXPENDITURE)**
(28,163)
**RECONCILIATION OF FUNDS**
Total funds brought forward
67,767
**TOTAL FUNDS CARRIED FORWARD**
39,604
**11.**
**FUNDS**|Restricted
fund
£
-
-
37,450
-
37,450
-
-
-
37,450
-
37,450|Total
funds
£
4,496
110,845
54,617
233|
|---|---|---|
|||170,191|
|||70,695
90,209|
|||160,904|
|||9,287
67,767|
|||77,054|
||||
## **General fund**
The General fund is used to further the objectives and aims of the charity. Given the level of investments held by the charity to generate funds, the trustees consider the quantum of this fund at the year end to be reasonable.
## **Rothschild fund**
The charity receives funding under a grant arrangement which is classified as a restricted fund, as the income may only be applied for specific purposes defined by the grantor.
Under the terms of the agreement, the charity is permitted to utilise £50,000 per annum from the total funds received. The grants are received annually in advance; however, the annual funding period does not align with the charity's accounting year end. As a result a portion of the funds received are restricted at the reporting date.
continued...
Page 9
**WYCOMBE COMMUNITY ARTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025**
## **12. TANGIBLE FIXED ASSETS**
|**12.**|**TANGIBLE FIXED ASSETS**|||
|---|---|---|---|
||||Fixtures|
||||and|
||||fittings|
||||£|
||**COST**|||
||At 1 June 2024 and 31 May 2025||27,978|
||**DEPRECIATION**|||
||At 1 June 2024||13,259|
||Charge for year||2,649|
||At 31 May 2025||15,908|
||**NET BOOK VALUE**|||
||At 31 May 2025||12,070|
||At 31 May 2024||14,719|
|**13.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||31/5/25|31/5/24|
|||£|£|
||Trade debtors|2,664|8,666|
||Other debtors|103|-|
||Prepayments and accrued income|-|1,750|
|||2,767|10,416|
|**14.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||31/5/25|31/5/24|
|||£|£|
||Bank loans and overdrafts (see note 15)|30,352|34,304|
||Trade creditors|2,220|3,942|
||Social security and other taxes|943|1,211|
||Accruals and deferred income|1,085|-|
|||34,600|39,457|
|**15.**|**LOANS**|||
||An analysis of the maturity of loans is given below:|||
|||31/5/25|31/5/24|
|||£|£|
||Amounts falling due within one year on demand:|||
||Bank overdrafts|30,352|34,304|
continued...
Page 10
**WYCOMBE COMMUNITY ARTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025**
## **16. MOVEMENT IN FUNDS**
|At 1/6/24
£
**Unrestricted funds**
General fund
39,602
**Restricted funds**
Rothschild
37,450
**TOTAL FUNDS**
77,052
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
163,362
**Restricted funds**
Rothschild
34,470
**TOTAL FUNDS**
197,832
**Comparatives for movement in funds**
At 1/6/23
£
**Unrestricted funds**
General fund
67,767
**Restricted funds**
Rothschild
-
**TOTAL FUNDS**
67,767
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
132,741
**Restricted funds**
Rothschild
37,450
**TOTAL FUNDS**
170,191|Net
movement
At
in funds
31/5/25
£
£
(8,418)
31,184
(2,980)
34,470
(11,398)
65,654
Resources
Movement
expended
in funds
£
£
(171,780)
(8,418)
(37,450)
(2,980)
(209,230)
(11,398)
Net
movement
At
in funds
31/5/24
£
£
(28,163)
39,604
37,450
37,450
9,287
77,054
Resources
Movement
expended
in funds
£
£
(160,904)
(28,163)
-
37,450
(160,904)
9,287|
|---|---|
continued...
Page 11
**WYCOMBE COMMUNITY ARTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025**
## **16. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1/6/23|in funds|31/5/25|
||£|£|£|
|**Unrestricted funds**||||
|General fund|67,767|(36,581)|31,186|
|**Restricted funds**||||
|Rothschild|-|34,470|34,470|
|**TOTAL FUNDS**|67,767|(2,111)|65,656|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Rothschild
**TOTAL FUNDS**|Incoming
resources
£
296,103
71,920
368,023|Resources
Movement
expended
in funds
£
£
(332,684)
(36,581)
(37,450)
34,470
(370,134)
(2,111)|Resources
Movement
expended
in funds
£
£
(332,684)
(36,581)
(37,450)
34,470
(370,134)
(2,111)|
|---|---|---|---|
||||(2,111)|
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 May 2025.
Page 12