COMPANY REGISTRATION NUMBER: 06983485 CHARITY REGISTRATION NUMBER: 1137554 THE CHANTRY CENTRE (A Company Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ## THE CHANTRY CENTRE (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS ## YEAR ENDED 31 AUGUST 2025 |**Registered charity name**|The Chantry Centre| |---|---| |**Charity registration number**|1137554| |**Company registration number**|06983485| |**Principal office and**|34-36 Long Street| |**Registered Address**|Dursley| ||Gloucestershire| ||GL11 4JB| |**Trustees**|The trustees, who are also directors for the purposes of| ||company law, who served the during the year and up to the| ||date of this report were as follows:| ||Mr A P Judge - Chair| ||Dr A R R Telford - Vice Chair| ||Mr G A Wheeler| ||Mr R D Buckle| ||Ms T M Radclyffe| ||Ms J C Griffiths| |**Secretary**|A P Judge| |**Bankers**|Lloyds Bank plc| ||Rowcroft| ||Stroud| ||Gloucestershire| ||GL5 3BG| |**Independent Examiner**|Ruth Herbert FCCA| ||Wenn Townsend Chartered Accountants| ||2 Watermoor Point| ||Watermoor Road| ||Cirencester| ||Glos GL7 1LF| 2 - - ## THE CHANTRY CENTRE (A Company Limited by Guarantee) REPORT OF THE TRUSTEES ## YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report together with the financial statements for the charitable company for the year ended 31 August 2025. Reference and administrative information set out on page 2 forms part of this report. The financial statements comply with current regulatory requirements, the Memorandum and Articles of Association and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - second edition October 2019 – (Charities SORP (FRS 102)). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## _**Governing document:**_ The Chantry Centre is a company limited by guarantee (registered number 06983485) is controlled by its governing document, its Memorandum and Articles of Association dated 6 August 2009 as amended on 15 September 2025 and is registered as a charity with the Charity Commission. ## _**Organisational Structure:**_ To manage certain commercial activities, The Chantry Centre has a wholly owned trading company limited by shares, The Chantry Centre Trading Company Limited (Company Number 07396495). Its principal activity is the operation of the licensed bar facilities. ## _**Recruitment and Appointment of Trustees:**_ Trustees, who are also directors of The Chantry Centre, are appointed from time to time and as and when required from within the community to bring required skills to the charity. Trustees are subject to re-election every three years by rotation. ## _**Risk Management:**_ The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **MISSION, OBJECTIVES AND ACTIVITIES** The principal objective of The Chantry Centre is to _“advance education, the arts, health and amateur sport and to provide facilities in the interests of social welfare for recreation and leisure time occupation”_ for the inhabitants of Dursley and surrounding parishes. The Chantry Centre has the following vision and mission. ## **Chantry Centre Vision:** _**A vibrant hub at the heart of your community**_ **Chantry Centre Mission:** _**As a safe and welcoming centre for the community, the Chantry Centre supports opportunities that enrich the lives of our diverse neighbourhood and supports people to connect, engage and grow**_ To achieve this objective The Chantry Centre makes its existing building and grounds in Long Street, Dursley (comprising of the Lister Hall and supporting facilities and rooms) available for local community groups and activities, hire for private events (e.g. birthdays, wedding celebrations) and the performing arts. The Chantry Centre is currently engaged in a long term programme to refurbish, repair where necessary and make conversions to these facilities to make them suitable for as wide a range of activities as possible. - 3 - THE CHANTRY CENTRE (A Company Limited by Guarantee) REPORT OF THE TRUSTEES ## YEAR ENDED 31 AUGUST 2025 ## **PUBLIC BENEFIT** In planning The Chantry Centre’s activities for the period, the Trustees have kept in mind the Charity Commission's guidance on public benefit. The focus of The Chantry Centre’s activities during the period, which explains the delivery by the charity of public benefit, is set out below under “Achievements and Performance” and above under “Mission, Objectives and Activities”. ## **ACHIEVEMENTS AND PERFORMANCE** There was significant progress during the year in moving The Chantry Centre’s longer term plans forward – both in terms of the refurbishment of the building and increasing the range of room hire activities. With respect to the ongoing refurbishment programme, the year saw the complete rebuilding of the stage door entrance (funded by Littlecombe S106) and installation of access lift (largely funded by Stroud DC Rural England Prosperity Fund) at a total cost of around £126,000. This work has resulted in a significant increase in the flexibility in the way in which rooms can be used (and hired). Access to the stage from the other side was also significantly improved (thanks to support from The DODS). To further enhance the feel of the Lister Hall and increase capacity, new storage areas were created and the suspended ceiling “under the arches” was also removed and original features restored. This too was funded by the Littlecombe S106 monies. By the end of the year the full £200,000 from Littlecombe S106 had been invested in the refurbishment. Feedback for the changes has been very positive. Consistent with the Chantry Centre’s plans, the year saw a steady increase in the number of different community groups and organisations using the Chantry Centre. This included the “Chantry Chatters” group (a relocation of the Thursday session for over 55s previously held at the now closed 15 May Lane), the GL11 organised “Silverfit” exercise class and Slimming World. The Chantry Centre continues to work with local community groups and for the first time in Spring 2025 hosted a “Clubs and Societies” fair which attracted around 30 local organisations. **----- Start of picture text -----**
With thanks to the local organisations and groups who helped to
make the Chantry Centre a vibrant hub in 2024-25
Synwell
Amateur
Boxing Club
**----- End of picture text -----**
- 4 - THE CHANTRY CENTRE (A Company Limited by Guarantee) REPORT OF THE TRUSTEES ## YEAR ENDED 31 AUGUST 2025 The ever popular winter soft play sessions (subsided by a number of generous local donations) attracted a record 586 children over the 22 sessions and just over 900 toasties were served. For the first time similar sessions were also run on Wednesday afternoon and Thursday mornings over the summer holidays. A trial “sports bar” for 11-17 year olds was also run on Tuesday evenings during the summer – providing access to skittles, table football, pool, darts and table tennis. The Chantry Centre also hosted a series of “Barrow markets” during the winter with the aim to be a small scale replacement for the local car boot sale. Interest in these was not sufficient to continue to run them but some useful lessons were learnt. As a result in 2025/6 the Chantry Centre will instead play host during the winter to the popular Dursley Market. The year saw the development in the number of larger scale ticketed events hosted by the Chantry Centre with more events planned during the coming year. Events such as ABBA Sensation, Beatles Complete and the Northern Soul event alongside productions from “Rain or Shine” proved to be very popular and had a significant positive impact on the Chanty Centre’s finances. The volunteer-run Garden Café continues from strength to strength, with a number of new volunteers during the year. It continues to contribute significantly to the wellbeing of the Chantry Centre (both financially and as a socially welcoming space, particularly for those suffering from isolation). The Trustees are very appreciative of the dedication of the café team. Overall it is estimated that the contribution from volunteers during the year was at least 4,250 hours – the equivalent to around 2.5 Full Time Employees. Planning has now started for the 100[th] anniversary celebrations in 2026 of the forerunner to the Chantry Centre, the R.A. Lister Recreation and Social Club Ltd. The trustees see this as an excellent opportunity to further raise the profile of the Chantry Centre as well as celebrating the history of the buildings and, given the social influence of R.A. Lister, of the town itself. ## **FINANCIAL REVIEW** Finances for the year were largely stabilised following the previous difficult year with the underlying shortfall in unrestricted funds of £5,000 being more than offset by an unrestricted donation of £20,000. This improvement was almost solely down to Room Hire (which includes The Chantry Centre’s share of income from ticket sales) which increased by just under £15,000 (or 51%) on the previous year. As set out in the previous section work continues to both further expand the number of larger scale ticketed events as well as find hirers during less busy times of the week. Much of the increases in the cost of insurance and compliance costs were met by a generous grant by Dursley Town Council whilst other cost rises e.g. in employment and the one off maintenance cost to the gable end of the roof were offset by various minor savings. The Trading Company was once again unable to make a donation to the Chantry Centre this year as it was particularly impacted by rises in cost of employment (including employers’ NI) and cost of stock. With the activity levels planned for the Chantry Centre in the coming year, and given the fixed nature of the Trading Company’s cost base, the associated increases in sales (whether of alcohol or food) should have a material impact on its ability to generate funds for the charity. Recent experience has confirmed that there are very few funders now able to offer large grants for the refurbishment of community hubs such as the Chantry Centre. As a result the Trustees are reviewing previous plans for the redevelopment of the front of the building to identify if there are more cost efficient solutions. At the same time, a number of smaller refurbishment projects have been identified and funding bids made to targeted grant providers. During the year a further £127,028 of the £200,000 Littlecombe S106 money was approved by Stroud District Council and released to The Chantry Centre so utilising the outstanding balance from this source. The Chantry Centre would like to sincerely thank officers at Stroud DC for their great assistance in administering these funds. 5 - - THE CHANTRY CENTRE (A Company Limited by Guarantee) REPORT OF THE TRUSTEES ## YEAR ENDED 31 AUGUST 2025 ## **RESERVES POLICY** As at the year end the Chantry Centre held free reserves of £58,508 being net assets (£79,725 less Prepayments £1,290 and less Restricted Funds in the form of Cash (£19,927). The Trustees have carried out an assessment in accordance with the reserves policy, estimating funds required to cover the following potential future cost risks: - Designated maintenance costs; - Designated reserves for running costs in the event of the unexpected inability of the Chantry Centre to generate any income for a period of 6 months; - Dissolution costs. It has been estimated that to meet the largest of these potential future liabilities would be 6 months of an inability to generate revenue and this would require £45,389. This is a slight decrease on the prior year reflecting various operational changes. In certain scenarios business interruption cover on the Chantry Centre’s insurance policy may mitigate this cost exposure. The Trustees have noted that the available reserves are sufficient to meet these potential future liabilities. ## **CONTINGENCIES AND SUBSEQUENT EVENTS** There have been no other matters that impact on the accounts or the disclosures therein in the period from the year end 31 August 2025 until the date these accounts were approved by the Trustees. ## **STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES** The Trustees (who are also directors of The Chantry Centre for the purposes of company law) are responsible for preparing the Trustees’ report and financial statements in accordance with 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 Generally 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 Chantry Centre and the incoming resources and application of resources, including the net income or expenditure for the year. 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 applicable charities SORP; - Make judgements and estimates which are reasonable and prudent; - State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and - Prepare the financial statements on the going concern basis unless it is inappropriate to assume that The Chantry Centre will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of The Chantry Centre and which 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 Chantry Centre and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees confirm to the best of their belief and knowledge there is no information relevant to the independent examination of which the independent examiners are unaware. The Trustees also confirm they have taken all necessary steps to ensure that they themselves are aware of all relevant information and that this information has been communicated to the independent examiners. - 6 - THE CHANTRY CENTRE (A Company Limited by Guarantee) REPORT OF THE TRUSTEES YEAR ENDED 31 AUGUST 2025 Membels of The Chanty Centre guarantee to ¢onth"bute an amount not exceeding £10 to the assets of The Chanty Centre in the event of winding up. The total number of su¢h guarantees as al 31 August 2025 was 6. The Trustees are ￿MberS of The Chanty Centre tHJt this entrdes them only to votiThJ rvJhts. The Trnstees have benefiual interest in The Chanty Cth. IMDEPENDENT EXAMINER Ruth Herbert FCCA al 1Olenn Tv4msend was appointed as indep￿t examiner for The Chantry Centre during the year and Itw h•ve exwtssed their *llingness to ¢xrf)linue in that capacty. Approved ty the Tn￿lee8 on 18th March 2026 and sor*d on behalf by Adrlan Judge- Chair THE CHANTRY CENTRE {A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFTHE CHANTRY CENTRE YEAR ENDED 31 AUGUST 2025 I roport to the TFUSte88 on my 8XAmw￿￿jn d tho act￿￿￿ ofTh• ch￿ty Centre for the year end&J 31 A￿U¥l 2025 vthkh (Krt ￿ pty￿ 9 to 20. RE8PONSIBILmES AND BASIS OF REPORT AS the Trustees 01 Th• Chanty Centre land 8180 ts direthrs foT th8 PUry)0$88 ofcompany Mv} you ar• r88pon8*I1o for preparakn of tho xcrAmt8 in XC0rd￿ with the compani￿ Act 2008 fthe 2006 Acf). Havlng soti8fied my8eif that tho ￿)unt9 of Thè Chanty c￿tre are r￿uired to bo under Port 18 of th8 2006 Act wvj ore dhablo for I￿pende￿ examlnation, I report in r88ptrd of my ox8mlnatk)n of Tho Chantry Centre'8 xcwnts 88 carried out under section 145 of the Charitw Acl 2011 Ilhe 2011 Acf). In c•rying (xrt my exwninaticm I harfe folltr•**d all ttbe Dlr•alon$ gfven by tho Charty COMM￿th urKler sectkn 145(5}Ibl of tho 2011 ACL INDEPENDENT EXAMINEFf3 STATEMENT I hgva ¢crfnpl8tsd my examNiotion. I ccrfmi thal no mattorn h•w como to my atten1k￿ In (%)nn￿lI)n with t￿ oxamination gThlng cau•e to bolw• that In any mgtorlal 1. Accountlro nat W In roipxt of Tho Chwty Cth a8 requirod by Mction 388 CA the 20CB Ad" or 3. account8 do c¢xYpty V•ith tho acminting roqUlrnn￿nts of ￿e*lOn 3￿ of tho 2008 Act other than ary requlroment that the accounts gfve 8 and fair vw whkh18 not a matter 4. Th8 xcountj h••YJ not been pr•pared kn ￿e0rda￿e and prlnclple8 of th• ststWI￿t of Recomme￿ Pr￿t￿ for 8¢¢ountlng arrfl rewrtiw by Charit￿ appl￿ble to ch8ritw preparlng tholr accamts in accordan¢o vAh the Fin*Kio1 Rq)orfng Slandord Appllcable to the UK and Repubk of Ireland IFRS1021. I no concem• and hm ccrfng mattern kn wlth the exthnatlon lo wh attenllon shoukl be drwwn n thr• r•KKyt In o(dorto enable a propw under8tandlnq oftho xcounts to bo kA A£*6erf- Nam•: Ruth H•rbort FCG4 Addre88: 2 Wat8m)oor Poh)t WaterrFK#)r Road Cirenc8ster G￿￿￿7 1LF ## THE CHANTRY CENTRE (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) ## YEAR ENDED 31 AUGUST 2025 |||**Unrestricted**||**Endowment**||| |---|---|---|---|---|---|---| |||**Funds**|**Restricted**|**Funds**|**Total**|**Total**| |||**General**|**Funds**|**Expendable**|**2025**|**2024**| ||**Note**|**£**|**£**|**£**|**£**|**£**| |**_Income from:_**||||||| |Donations and legacies|3|54,177|148,106|-|202,283|70,794| |**_Charitable activities:_**||||||| |Room Hire|6|42,273
|-
|-|42,273|28,045| |**_Investments_**||||||| |Bank Interest||1,154|-|-|1,154|774| |**Total Income**||**97,604**|**148,106**|**-**|**245,710**|**99,613**| |**Expenditure on:**||||||| |**_Costs of raising funds:_**||||||| |Fundraising activities||||||| |and events|7|5,985|1,945|-|7,930|5,615| |**_Charitable activities:_**||||||| |Building maintenance and|8|81,645|15,387|11,546|108,578|100,706| |utilities||||||| |**Total Expenditure**||**87,630**|**17,332**|**11,546**|**116,508**|**106,321**| |Net Income / (expenditure)||9,974
|130,774|(11,546)|129,202|(6,708)| |Transfers between funds||4,557|(149,693)|145,136|-|-| |**Net Movement in Funds**||**14,531**
|**(18,919)**|**133,590**|**129,202**|**(6,708)**| |**Reconciliation of funds:**||||||| |Total Funds Brought Forward||55,446|38,846|377,953|472,245|478,953| |**Total Funds Carried Forward**||**69,977**|**19,927**|**511,543**|**601,447**|**472,245**| All of The Chantry Centre’s activities derive from continuing operations during the above two periods. The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities also complies with the requirements for an income and expenditure account under Companies Act 2006. - 9 - THE CHANTRY CENTRE (A Company Limited by Guarantee) BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Taryibb assets 12 13 521,721 388,367 521.722 Dgbtorn Ca6h In har￿ ar￿ at B•* 14 13.548 73,167 .715 7,958 80,787 88,725 15 79,725 85.8n 47124 F￿￿1• olth• Ct Er*4owmert ReStn"C￿ &r￿me UrKe8blct•d I)￿m• fuh T¢*•1 FurK* 511,S43 19,927 69,977 601.447 3TT.953 18 471246 The wmpany vras entllled to exemptknn frcrtn audlt under $47T of th• Companles Acl 20C6 relating to small eompanies. The members have n¢* requyed the C￿nY to obl&'n an a￿lit with sect￿ 476 of the compan￿ Act 2006. The directors acknowledge their reSP)ns￿lI￿.eS for comptying with the requirnments olthe Companlej Act Mth respect to accounllng reccKd$ arKI the preparalicfft ot accounts. These accounts have been prepared in &cordance w?Ih the provisions appI￿able Io small conwnlel subject to the small ￿MPanieS regime and in aecordance with FRS102 SORP. The finandal slatements on pages 9 to 20 **re apwoved by Il* Trustees and authori8•d for18sue on 18 March 2026 and ore S￿￿ed on their behalf by.. MrAP ge- Chair 10 THE CHANTRY CENTRE (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS ## YEAR ENDED 31 AUGUST 2025 ## **1. ACCOUNTING POLICIES** ## **a) Basis of accounting** The financial statements have been prepared in accordance with Accounting and Reporting for Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition October 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and the Companies Act 2006. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. The Chantry Centre meets the definition of public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **b) Going Concern** The financial statements have been prepared on the assumption that The Chantry Centre is able to continue as a going concern. ## **c) Changes to Accounting Estimates** No material changes to accounting estimates have occurred in the reporting period. ## **d) Consolidation** In the opinion of the Trustees, The Chantry Centre and its subsidiary undertaking (Chantry Centre Trading Company Limited (Company Number 07396495)) comprise a small group. The Chantry Centre has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts. ## **e) Incoming resources** Income including income from room hire, donations, gifts and grants that provide core funding are recognised when the Charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be quantified with reasonable accuracy and is not deferred. Donations received for the general purposes of The Chantry Centre are included as Unrestricted Funds. Donations for activities restricted by the wishes of the donor are recorded as 'Restricted Funds' where these wishes are legally binding on the Trustees. Income is included in the Statement of Financial Activities on a receivable basis. The balance of income received for Restricted Funds but not expended during the period is shown in the Balance Sheet. Where income is received in advance of the provision of services and which is refundable, it is deferred and included in creditors until the criteria for income recognition has been met. Where entitlement to receive income occurs before income is received, the income is accrued. ## **f) Government and Other Grants** Income from government and other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be 11 - - THE CHANTRY CENTRE (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS ## YEAR ENDED 31 AUGUST 2025 received and the amount can be measured reliably. ## **g) Donated Services** Donated services are included in the Statement of Financial Accounts when received at the value of the gift to The Chantry Centre provided the value if the gift can be measured reliably. ## **h) Funds accounting** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted Funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the Restricted Funds are set out in the notes to the financial statements. Endowment Funds are subject to specific conditions by donors that the capital should be maintained by The Chantry Centre until the right to expend it is exercised. ## **i) Investment income** Investment income is included in the Statement of Financial Activities in the year in which it is receivable. ## **j) Expenditure** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure incurred but not paid for is accrued and expenditure which is incurred in advance of its benefit is treated as a prepayment. ## **k) Statement of Financial Activities** In preparing the Statement of Financial Activities, the Trustees have attributed, where readily determinable, costs between costs of raising funds and charitable activities. ## **l) Cost of raising funds** These are costs incurred in attracting voluntary income and those incurred in activities that raise funds. ## **m) Charitable Activities** Charitable expenditure comprises those costs incurred by The Chantry Centre in the delivery of its activities and services for its beneficiaries. It includes costs that can be allocated directly to such activities and those costs of an indirect nature that are necessary to support them. ## **n) Governance Costs** Governance costs comprise all costs involving public accountability of The Chantry Centre and its compliance with regulation and good practice. ## **o) Taxation** The Charity is considered to pass the test set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly the Charity is potentially exempt for taxation in respect to income or capital gains within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 245 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **p) Tangible Fixed assets** All fixed assets are initially recorded at cost or market value as at the date of the acquisition or donation received. Assets costing under £100 are not capitalised. Assets are subject to annual impairment reviews. 12 - - THE CHANTRY CENTRE (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS ## YEAR ENDED 31 AUGUST 2025 Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of the asset as follows: Land and buildings: 2% straight line per annum Fixtures and Equipment: 20% straight line per annum ## **q) Fixed Asset Investments** The investment held in The Chantry Centre’s subsidiary undertaking (Chantry Centre Trading Company Limited (Company Number 07396495)) is valued at cost. ## **r) Cash and Cash Equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **s) Debtors** Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by The Chantry Centre. Subsequently, they are measured at the cash or other consideration expected to be received. ## **t) Creditors** Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 13 - - ## THE CHANTRY CENTRE (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS ## YEAR ENDED 31 AUGUST 2025 ## **2. PRIOR YEAR COMPARATIVES: STATEMENT OF FINANCIAL ACTIVITIES** **----- Start of picture text -----**
Unrestricted Restricted Endowment
Funds General Funds Funds Total
2024 2024 2024 2024
£ £ £ £
Income from:
Donations and legacies 30,075 40,719 - 70,794
Charitable activities:
Room Hire 28,045 - - 28,045
Investments
Bank Interest 774 - - 774
Total Income 58,894 40,719 - 99,613
Expenditure on:
Costs of raising funds:
Fundraising activities
and events 5,087 528 - 5,615
Charitable activities:
Building maintenance and 78,078 13,768 8,860 100,706
utilities
Total Expenditure 83,165 14,296 8,860 106,320
Net Income / (expenditure) (24,271) 26,423 (8,860) (6,708)
Transfers between funds 25,340 (37,370) 12,030 -
Net Movement in Funds 1,069 (10,947) 3,170 (6,708)
Reconciliation of funds:
Total Funds Brought Forward 54,377 49,793 374,783 478,953
Total Funds Carried Forward 55,446 38,846 377,953 472,245
**----- End of picture text -----**
## **3. DONATIONS AND LEGACIES** |Donations
Grants, including capital grants:
Government grants
Grants from other organisations|**Unrestricted**
**Funds**
**Restricted**
**Total**
**Total**
**General**
**Funds**
**2025**
**2024**
**£**
**£**
**£**
**£**
54,177
693
54,870
45,075
-
145,693
145,693
9,690
-
1,720
1,720
16,029| |---|---| ||**54,177**
**148,106**
**202,283**
**70,794**| ## **4. GOVERNMENT GRANTS** The Chantry Centre received the following government grants: |Dursley Town Council
Stroud District Council - Littlecombe S106
Stroud District Council - Rural England Prosperity Fund
Stroud District Council - Soft Play|**Total**
**Total**
**2025**
**2024**
**£**
**£**
8,957
-
127,029
8,690
9,707
-
-
1,000| |---|---| ||**145,693**
**9,690**| 14 - - THE CHANTRY CENTRE (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS ## YEAR ENDED 31 AUGUST 2025 ## **5. DONATIONS** |**5.**
**DONATIONS**||||| |---|---|---|---|---| ||**Unrestricted**|||| ||**Funds**|**Restricted**|**Total**|**Total**| ||**General**|**Funds**|**2025**|**2024**| ||**£**|**£**|**£**|**£**| |Tolvik Consulting Limited (Services)|9,936|-|9,936
|9,600
| |Tolvik Consulting Limited|20,000|-
|20,000
|15,000| |Garden Café|7,144|-|7,144|6,097| |Soft Play|3,256|-
|3,256
|2,926| |The Chantry Centre Trading Company Ltd|-
|-
|-|-| |The DODs|-|693|693|-| |Miscellaneous Private Donations|13,842
|-
|13,842|11,453| ||**54,177**|**693**|**54,870**|**45,075**| The services donation made by Tolvik Consulting Limited was in the form of specialist staff seconded to The Chantry Centre for specific marketing related activities/projects. The value of the donated services is calculated on the basis of estimated recorded activity time charged at the basic salary rate (i.e. excluding any associated employment costs). This value has been included to properly reflect the cost of specialist support required to maintain and develop The Chantry Centre’s user base. There were no conditions attached to the secondment. The contribution in terms of time given by the wide range of volunteers supporting The Chantry Centre is estimated to be circa 4,250 hours. This is not recorded in these accounts ## **6. INCOME FROM ROOM HIRE** |**7.**
**COSTS OF RAISING FUNDS**
Total
Marketing and publicity|**Unrestricted**
**Funds**
**Total**
**Total**
**General**
**2025**
**2024**
**£**
**£**
**£**
42,273
42,273
28,045
**42,273**
**42,273**
**28,045**
**Unrestricted**
**Funds**
**Restricted**
**Total**
**Total**
**General**
**Funds**
**2025**
**2024**
**£**
**£**
**£**
**£**|**Unrestricted**
**Funds**
**Total**
**Total**
**General**
**2025**
**2024**
**£**
**£**
**£**
42,273
42,273
28,045| |---|---|---| |||**42,273**
**42,273**
**28,045**| ||**5,985**
**1,945**
**7,930**
**5,615**|| The cost of raising funds include the donation of services (see Note 5) together with modest additional expenditure. ## **8. TOTAL EXPENDITURE** All expenditure on Charitable Activities relate to building maintenance and utilities. As a result expenses have not been analysed by activity category/support costs. - 15 - ## THE CHANTRY CENTRE (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS ## YEAR ENDED 31 AUGUST 2025 ||**Unrestricted**||**Endowment**||| |---|---|---|---|---|---| ||**Funds**|**Restricted**|**Funds**|**Total**|**Total**| ||**General**|**Funds**|**Expendable**|**2025**|**2024**| ||**£**|**£**|**£**|**£**|**£**| |Building maintenance and utilities|||||| |Depreciation|3,257
|-|11,546|14,803|11,625| |Refurbishment Costs|-
|5,002|-
|5,002|8,311| |Rates and water|2,834
|-|-
|2,834|2,272| |Light, heat and power|11,411
|2,420|-
|13,831|16,153| |Insurance and licencing|5,779
|2,338|-
|8,117|5,037| |Repairs and maintenance|8,055|-|-|8,055|3,586| |Building management inc staff|42,628|4,538|-
|47,166
|42,059| |Telephone and postage|877|-|-|877
|860
| |Equipment/Consumables etc|-|1,089|-|1,089|3,859| |Governance costs|6,804|-|-|6,804
|6,944
| |**Expenditure: Charitable activities**|**81,645**|**15,387**|**11,546**|**108,578**|**100,706**| |Expenditure: Fundraising|5,985|1,945|-|7,930|5,615| |**Total Expenditure**|**87,630**|**17,332**|**11,546**|**116,508**|**106,321**| ## **9. NET INCOME/EXPENDITURE** This is stated after charging: |**Net income/expenditure**||| |---|---|---| ||**2025**|**2024**| ||**£**|**£**| |Depreciation of fixed assets|14,803|11,625| |Independent Examiner's remuneration|2,000|1,800| |Trustees' remuneration|**-**|-| |Trustees' reimbursed expenses|**-**|-| ## **10. STAFF COSTS AND NUMBERS** The Chantry Centre does not directly employ any staff. The Chantry Centre Trading Company Limited employs a manager, part of whose role relates to building management and maintenance of The Chantry Centre, and whose salary and wages and associated costs during the year were recharged. In 2024/25 the cost was £36,509 _(2023/24: £33,414)_ and classified within Building Management in the analysis of Total Expenditure. The Chantry Centre Trading Company Limited also employs a part time cleaner, and in 2024/25 50% of their cost (£2,954) ( _2023/24: £2,572_ ) was recharged to The Chantry Centre. ## **11. TAXATION** The Chantry Centre is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 16 - - ## THE CHANTRY CENTRE (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS ## YEAR ENDED 31 AUGUST 2025 ## **12. TANGIBLE FIXED ASSETS** |**13.**
**INVESTMENTS**
**Cost**
At 1 September 2024
Additions
**At 31 August 2025**
**Depreciation**
At 1 September 2024
Charge for the year
**At 31 August 2025**
Net Book Value
**At 31 August 2025**
At 31 August 2024|**Unrestricted Endowment**
**Funds**
**Funds**
**Fixtures and**
**Land and**
**Equipment**
**buildings**
**Total**
**£**
**£**
**£**
13,784
473,663
487,447
5,021
145,135
150,156
18,805
618,798

637,603

5,370
95,709
101,079
3,257
11,546
14,803| |---|---| ||8,627
107,255
115,882
| ||**10,178**
**511,543**
**521,721**| ||| ||8,414
377,953
386,367| ||| |**13.**
**INVESTMENTS**|| |---|---| |Shares in group companies and participating interests|**2023**
**2022**
**£**
**£**| ||**1**
**1**| ## **Details of undertakings** Details of the investments in which The Chantry Centre holds 20% or more of the nominal value of any class of share capital are as follows: ||||**Proportion of**|| |---|---|---|---|---| ||**Country of**||**voting rights and**|| |**Undertaking**|**Incorporation**|**Holding**|**shares held**|**Principal Activity**| |The Chantry Centre||||Operates the| |Trading Company|England|£1 Ordinary|100%|licensed bar at| |Ltd||||Chantry Centre| As at 31 August 2025 The Chantry Centre Trading Company Ltd had net assets of £4,150. For the year ended 31 August 2025, The Chantry Centre Trading Company Ltd generated a retained profit of £78 _(2024: £100)_ from total revenue of £55,588 _(2022: £52,749)._ ## **14. DEBTORS** |Trade debtors
Stroud District Council - Littlecombe S106
Prepayments
VAT Recoverable|**2025**
**2024**
**£**
**£**
2,178
1,992
10,080
-
1,290
5,741
-
225| |---|---| ||**13,548**
**7,958**| 17 - - ## THE CHANTRY CENTRE (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS ## YEAR ENDED 31 AUGUST 2025 ## **15. CREDITORS: Amounts falling due within 1 year** |Trade creditors
Accruals
VAT Payable
Deferred Income (see Note 16)|**2025**
**2024**
**£**
**£**
-
-
5,433

2,406
957
-
600
442| |---|---| ||**6,990**
**2,848**| ## **16. DEFERRED INCOME** Deferred income relates to deposits for advanced room hire. |At 1 September
Amounts deferred during year
Amounts released during year
At 31 August|**2025**
**2024**
**£**
**£**
442

300
600
442
442
300
| |---|---| ||**600**
**442**| ## **17. ANALYSIS OF NET ASSETS BETWEEN FUNDS** ||**Unrestricted**|**Restricted **|**Endowment**|| |---|---|---|---|---| ||**Funds General**|**Funds**|**Funds**|**Total**| ||**2025**|**2025**|**2025**|**2025**| ||**£**|**£**|**£**|**£**| |Tangible fixed assets|10,178|-|511,543|521,721| |Fixed asset investments|1|-|-|1| |Current assets|66,788|19,927|-|86,715| |Current liabilities|(6,990)|-|-|(6,990)| |**Total net assets as at 31 August 2025**|**69,977**|**19,927**|**511,543**|**601,447**| Prior year comparative analysis of net assets between funds: **----- Start of picture text -----**
Unrestricted Restricted Endowment
Funds General Funds Funds Total
2024 2024 2024 2024
£ £ £ £
Tangible fixed assets 8,414 - 377,953 386,367
Fixed asset investments 1 - - 1
Current assets 49,879 38,846 - 88,725
Current liabilities (2,848) - - (2,848)
Total net assets as at 31 August 2024 55,446 38,846 377,953 472,245
**----- End of picture text -----**
18 - - ## THE CHANTRY CENTRE (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS ## YEAR ENDED 31 AUGUST 2025 ## **18. MOVEMENTS IN FUNDS** |**Unrestricted funds**
**_Unrestricted general funds_**
Total
**_Restricted funds_**
Tolvik Consulting
National Lottery Awards for All
Stroud District Council - Soft Play
Gloucestershire GMCA
Dursley United
Renishaw Charities Committee
Dursley Town Council
Stroud District Council - Littlecombe S106
Stroud District Council - Rural
England Prosperity Fund
Tesco Stronger Starts - Soft Play
The DODS/Tesco
The DODS
Private Individuals
Total
**_Expendable endowment funds_**
Total
**Total funds**|**Balance at**
**Incoming**
**Outgoing**
**Transfers**
**Balance at**
**1 Sept 2024**
**Resources**
**Resources**
**Total 31 Aug 2025**
**£**
**£**
**£**
**£**
**£**
55,446
97,604
(87,630)
4,557
69,977
25,211
-
(10,543)
(5,143)
9,525
9,800
-
-
(4,254)
5,546
1,000
-
-
(1,000)
-
834
-
-
(834)
-
500
-
-
(500)
-
500
-
-
(500)
-
-
8,957
-
(5,101)
3,856
-
127,029
(127,029)
-

-
-
9,707
(9,707)
-

-
-
1,000
-

-
1,000
-
720
(720)
-
-
-
693
(693)
-
-
1,001

-
(1,001)
-
-
38,846
148,106
(149,693)
(17,332)
19,927| |---|---| ||377,953
-
(11,546)
145,136
511,543| ||**472,245**
**245,710**
**(248,869)**
**-**
**601,447**| Prior year comparative analysis of movements in funds: |**Unrestricted funds**
**_Unrestricted general funds_**
Total
**_Restricted funds_**
Tolvik Consulting
National Lottery Awards for All
Summerfield Charitable Trust
Gloucestershire GMCA
Stroud District Council - Littlecombe S106
Stroud District Council - Soft Play
Gloucestershire GMCA
Dursley United
Renishaw Charities Committee
Private Individuals
Total
**_Expendable endowment funds_**
Total
**Total funds**|**Balance at**
**Incoming**
**Outgoing**
**Transfers**
**Balance at**
**1 Sept 2023**
**Resources**
**Resources**
**Total**
**31 Aug 2024**
**£**
**£**
**£**
**£**
**£**
54,377
58,894
(83,165)
25,340
55,446
41,754
15,000
(7,781)
(23,762)
25,211
5,273
9,800
(3,749)
(1,524)
9,800
1,766
-
(1,766)
-
-
1,000
-
(1,000)
-
-
-
8,690
-
(8,690)
-
-
1,000
-
-
1,000
-
1,000
-
(166)
834
-
500
-
-
500
-
500
-
-
500
-
4,229
-
(3,228)
1,001| |---|---| ||49,793
40,719
(14,296)
(37,370)
38,846| ||374,783
-
(8,860)
12,030
377,953| ||**478,953**
**99,613**
**106,321**
**-**
**-**
**472,245**| ||| 19 - - ## THE CHANTRY CENTRE (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS ## YEAR ENDED 31 AUGUST 2025 ## Purpose of Restricted Funds: ||**Initial**|**Year End**| |---|---|---| |**Source of Fund**|**Value Purpose**|**Status**| |Tolvik Consulting|£40,000 Refurbishment and operating costs|Complete| |Tolvik Consulting|£15,000 Business Development|Ongoing| |National Lottery Awards for All|£9,800 Soft Play Sessions 2024-26|Ongoing| |Stroud District Council - Soft Play|£1,000 Soft Play 2024-25|Complete| |Gloucestershire GMCA|£1,000 Soft Play 2024-25|Complete| |Dursley United|£500 Soft Play 2024-25|Complete| |Renishaw Charities Committee|£500 Soft Play 2024-25|Complete| |Stroud District Council - Littlecombe S106|£200,000 Building Refurbishment|Complete| |Stroud District Council - Rural
England Prosperity Fund|£9,707 Stage Door Lift|Complete| |Dursley Town Council|£8,957 Various operating costs|Ongoing| |Tesco Stronger Starts|£1,000 Soft Play Sept-Nov 2026|To start| |**Breakdown of Restricted Funds balance**
**as at 31 August 2025:**
Tolvik Consulting
National Lottery Awards for All
Dursley Town Council
Tesco Stronger Starts - Soft Play|**Other**
**Current**
**Cash**
**Assets**
**Total**
**£**
**£**
**£**
9,525
-
9,525
5,546
-
5,546
3,856
-
3,856
1,000
-
1,000
**19,927**
**-**
**19,927**| |---|---| ## **19. RELATED PARTY TRANSACTIONS** During the year The Chantry Centre Trading Company Limited recharged The Chantry Centre total costs of £44,025 _(2024: £39,850)_ . This included the Manager’s time spent on The Chantry Centre activities (see Note 10) - totaling £36,509 _(2023: £33,414)_ ) together with other sundry expenses primarily relating to Building Management. As at 31 August 2025, The Chantry Centre owed The Chantry Centre Trading Company £nil for these services ( _2024: Nil_ ). Tolvik Consulting Limited is a company of which Mr AP Judge (trustee) and his wife are minority shareholders. During the year Tolvik Consulting Limited donated services estimated to be worth £9,936 _(2024: £9,600)_ and made a cash donation of £20,000 _(2024: £15,000)._ Mr AP Judge (Trustee) also made a small private donation to The Chantry Centre during the year. - 20 -