Ihe Gamlingay Community Centre DIRECTORS. REPORT AND FINANCIAL STATEMENTS for the year ended 31 December 2024 Charity Registration No. 1137588 Company Registration No. 7343640
Gamlingay Community Centre DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Board of Directors, whose members are also Trustees, presents its report and financial statements for the year ended 31 December 2024. Reference and Administration Information Charity name: Gamlingay Community Centre Charity registration number: 1137588 Company registration number: 7343640 Registered office and operational address.. Gamlingay Eco-Hub Stocks Lane Gamlingay Sandy SG19 3JR Directors and Trustees The Directors ot the charitable company {the charity) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. Trustees who served during the year were: John McKee Neil Muirhead Benita Scott Paula Wilson Jane Savage Robert Petch Larry New Ashleigh Dickerson Magdalena Majewska-celi Guy Kiddy (resigned 8 July 2024) Chalr Background The charitable company was incorporated on 12 August 2010 and registered as a charity on 26 August 2010, with the specific objective of obtaining a leasehold interest on a property known as Gamlingay Community Centre and subsequent to a major refurbishment of the centre, operating all facilities there. Structure, Governance and Management Governin document Gamlingay Community Centre is a company limited by guarantee governed by its Memorandum and Articles of Association. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a Member of the Company and there are currently 10 Members. In the event of the company being wound up Members are required to contribute an amount not exceeding £10.
Gamlingay Community Centre DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Recruitment and A ointment of Trustees The Directors of the company are also charity Trustees for the purposes of charity law and under the company articles, are known collectively as the Board. Under the requirements of the Memorandum and Articles of Association, the members of the Board are elected to serve, after which one third shall retire each year but are eligible for re-election at the next Annual General Meeting. Trustee Induction and Trainin The Board has implemented a recruitment and induction procedure. Investment is made in Trustee training as required. Objectives and activities The charity's objective is: TO PROMOTE WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE, POLITICAL, RELIGIOUS AND OTHER OPINIONS, THE ADVANCEMENT OF EDUCATION AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE AND RECREATION AND LEISURE TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE OF THE RESIDENTS WITHIN THE PARISH OF GAMLINGAY. Public benefit The centre is open to all to use for the purpose of events. group meetings and activities. The Parish Council and a library access point are contained within the centre. We have over 25 local groups using the centre on a regular basis. During the year, the Trustees have continued to bear in mind the Charity Commission guidance on public benefit. The building was constructed to the highest environmental standards and plays an important role in raising awareness about the environment. in and around Gamlingay. The building uses systems and technologies which minirnise environmental impact and give the best value for money. The charity has won several awards for its design and environmental value. Financial review The charity received total income of £138,915 in the year (2023: £108,770). Of this, £70.002 related to letting and catering income in connection with operating the centre. The charity has a long-term maintenance fund, held in designated bank accounts, into which annual contributions are made. The above-mentioned Finance Support Agreement between the charity and the Parish Council stipulates how the annual contribution to the fund is met. This is dependent on the financial results of the charity. For most years, this contribution is met by the Parish Council. A balance of £2,859 remains in a designated fund for a specific projeot in 2025.
Gamlingay Community Centre DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 In addition to the designated fund, thero were unrestricted reserves carried forward of £41,325 (2023.. £42,106). Reserves olic The Board aim to maintain 'free reserves, of £5.000 at all times to cover any contingency which may arise due to an unforeseen drop in letting income. Future activity The trustees have a formal budget in place for a three year period to cover projected income and expenditure. The projection for 2025 is to break even on charitable activities. Statement ol Trustees, responsibilities The trustees {who are also directors of Gamlingay Community Centre for the purposes of company law) are responsible for preparing the Directors. Report 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 which 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 these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently. obseNe the Methods and principles in the Charities SORP; make judgments 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.
Gamlingay Community Centre DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. y order of he Board J MCKE Chair Dated: 16 September 2025
Gamlingay Community Centre INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GAMLINGAY COMMUNITY CENTRE, FOR THE YEAR ENDED 31 DECEMBER 2024 I report on the accounts of the company for the year ended 31 December 2024 set out on pages 8 to 12. This report is made solely to the company's Trustees, as a body, in accordance with section 145 of the Charitios Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the company's Trustees those matters l am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(51(bl of the Act, as amended. state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison 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 concerning any such Matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below.
Gamlingay Community Centre INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GAMLINGAY COMMUNITY CENTRE, FOR THE YEAR ENDED 31 DECEMBER 2024 CONTINUED... INDEPENDENT EXAMINER'S STATEMENT In connection with my examination. no matter has come to my attention: which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met. or 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. I I gter ) Antoinette Gorst FCCA CTA Anstee Gorst Chartered Certified Accountants Ground Floor Offices Unit 4 Eaton Court Colmworth Business Park Eaton Socon St Neots PE19 8ER
Gamlingay Community Centre STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Funds Restrlctad Funds Total 2024 Total 2023 Notè INCOME FROM: Grants Investment income - bank interest Charitable activities 192 52,173 8,845 52,365 8,861 76,689 32.179 2,628 73,963 76,689 Total income 76,897 61,018 137915 108,770 EXPENDITURE ON: chitable activitiès 78,141 9,772 87,913 89.342 Total expendlture 78,141 9,772 87,913 89,342 NET INCOME BEFORE TRANSFERS (1.244) 51,246 50.002 19.428 Transfèrs Funds brought forward at 1 January 2024 Funds Carried fOard al 31 December 2024 44,965 179,365 224,330 204,902 10 43,721 230,611 274,332 224,330 The notes on pages 10 to 12 lom) part of thes8 financid statements.
Gamlingay Community Centre Registered company number 7343640 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note FIXED ASSETS 14,373 4,444 CURRENT ASSETS Debtors Cash at bank 41,085 227,538 23,202 202,359 268,624 225,561 CURRENT LIABILITIES Amounts falling due within one year {8,6651 (5,675} 8,665 5.675 NET ASSETS 274,332 224,330 CHARITY FUNDS Unrestricted General fund Designated fund 10 10 40,862 2,859 42,106 2.859 Restricled io 230.611 179,365 TOTAL FUNDS 10 274,332 224.330 The Trustees consider that the Charity is entitled to exemption from the requiremenl to have an audit under Ihe provisions of section 477 of the Companies Act 20061"the Act"} and members have not required the company to obtain an audit for the period in question in accordance with seclion 476 of Ihe Act. The Trustees acknowledge their responsibilities for ensuring that the Charity keeps accounting records which comply with section 386 of the Act and for preparing linancial statements which give a true and fair view of the state of affairs ol the Charity as at 31 December 2024 and of its surplus lor the year then ended in accordance with the requirements of sections 394 and 395 of Ihe Act and which otherwise comply with the requirements of Ihe Companies Act 2006 relating to the financial slatements so far as applicable to the Charity. Approved by tho board a signed on behall of the Trustees.. J McKee Approved and aulhorised for issue on 16 September 2025. The notes on pages 10 to 12 form part of these financial statements.
Gamlingay Community Centre NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES al General The charity is a limited company registered numb&r 7343640 and its R18ray offi is at Gamlingay Eco Hub. Stocks Lane, Gamlingay, Sandy SG19 &JR. The financial slalemenis have been Fxeparecl in accordance with Attounling and Repts[ng by Charities.. Statement of Recommend8d Practice applicab to charities preparing their accounts in accordance th th8 Financial Repjrting Standard app5able in the UK and Aq)utAFc of Ireland IFRS1021 (effective 1 January 20191 er¥J Companies Act 2006. The going concem ba51s assumgs thai the charity will continue to meet its costs oblioations on an onlloing bas1S. The company meels the dèfinrtion ol a public benefit enlity under FRS102. Assets and liabilities ale inilially recognised at hk%lorical cost or transa¢ln value unless otherwise slated in the levant accounting Oi¢y note. bl Fixed assets C8pi181 ilems are only ¢lassed as fixed assets when they are deemed to have an elOrnI¢ useful lrfe of [re than one year. DeKYetyation is provlded at rates of 20%-3Trk pa straight Ilne. cl Inme receivable Grants recaved are aecounled for in the linancid year to whh they reL4te. Voluntary income and investfflent income is 8CCOUnted for in the financial year in which it is received. dl charitab activity expenditure Expenditure is included on an accrua& basis. Charitable activity expenditure comprises those costs d1CHY attritwlable to managing the day to day activity of the charIte company. el Pens scherne The cofflpany operales a defin&l contribution pension scheme. Contributions charged to the SOFA as they become paYae in accordance with the rules of the scheme. fl Funds Unlestrict funds are aVailae for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. Restri¢tCfl funds are funds that are to be used with Specif re8lri¢lions imposed by the donors or funds which have been raised by the Charity for particular purposes. The wrn and use ol each restri1& fund is set out on the notes lo the financlal slatements. gl Cash Flow Statement The financkql statements do not incILe a Cash Flow Slalemeni because the Charity. as a small reporting enlily, ts exernpt from the requirement to prepare such a slalernenl und8r the Financial Reporting Standard FRS 102. STATUS The charity is a company registered in England, Ilmited by guaffjnlee and has no share eapital. Members liability is limited lo £10 and at thg balance sheet dale there were 10 e[nrS{2023= 101. Unrestrlcted Reslylcted 2024 Total 20rJ Total GRANTS AND DONATIONS Grants from GaTnlingay Parish Council Warrn Hub refShenlS Cambs Comrnunity Fund Garnlingay Comrnunity Turbine Misc donations Mi8¢ income on behaff of Jazz concert Exlernal grant for solar batteries External grant for Connect café Misc incoTne on behalf of Repair café Misc Inc0ffl8 on behalf tsf Gamlingay Players 35,400 35.400 22,000 5,950 3,290 200 402 127 15,029 594 127 15,029 31 31 559 52.365 729 192 52,173 10
Gamlingay Community Centre NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted funds Restrlcted funds Total 2024 Total 2023 INCOME FROM CHARITABLE ACTIVITIES Income from letting and catering Income from electricity generation Income from gvenls Other income 69,002 5,180 2,030 477 76,689 69,002 5,180 2,030 477 76,689 62,899 4,872 5,584 608 73,963 Unrestrictad funds Restricted funds Total 2024 Total 2023 EXPENDITURE ON CHARITABLE ACTIVITIES Wages and salaries Direct costs relating to letting and catering Premises costs Marketing cosls Professional fees Sundry equipment Deprecialion Repairs and maintenance costs Ollice and general expenses Computer and IT costs Total costs 34,154 1,445 21,851 1,833 3,571 99 933 9,571 3,837 847 78,141 34,154 3,¥31 21,851 1,833 3,571 99 5,811 12.679 3,837 34,088 3,831 23,131 2,089 3,661 700 2,262 14.896 4,063 621 89,342 1,786 4,878 3,108 9,772 87,913 No Trustees received any remuneration during the year. 2024 2023 STAFF COSTS Wag&s and salaries is made up as follows-. Gross salaries Employers. pension conlribulions 34,024 130 34,154 33,869 219 34,088 There werè 6 employees during the year12023: 61. No plOYee received over £60,000. FIXED ASss Cogl at 1 January Additions Cost at 31 December 16,545 15,739 32,284 14,700 1,845 16,545 Aceumulaled depreciation a11 January Deprecialion charged in the y6ar Accumulated d&pre¢lalion at 31 De¢ember 12,101 5,810 17,911 9,839 2,262 12,101 Net Book Valu& at 31 December 14,373 DEBTORS Trade debtors Othèr d&blors and prepayments 524 40,561 392 22,810 23,202 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxe5 and social security costs Accruals and other ¢redilors 1,243 7,422 8,665 1,855 3,820 5,675
Gamlingay Community Centre NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10 FUNDS Certain funding received by the charity is given restrictions as to the use of the funds. These funds are classed as restricted funds and are id8nlified below. RESTRICTED FUNDS 8ALANCE BROUGFrr FWD INCOMING ESOURCES txrrGOI RESOURCES TFIANSFERS BALAMGE QARRIED FWD Sinking fund for Ioty-lerm mainlènan Gamlinuay Bowls Club Grani lor new dojrs 173,672 700 43,845 13.1081 123n 11.6351 12531 13501 13,0061 11.025) 214.409 463 2,590 2.403 955 Dementia group TkÈlS for events on b@ha of Gamlingay PLqyers Grant lor new Solar batteries 402 2,552 559 15,029 1,025 12,023 )nt cafè Repair c2fé Tickets for eveni- Jazz oJnfft 31 127 112 19,7721 179,365 61.018 230,611 UNRESTRICTED FUNDS Oesignaied fund General fund 2.859 42,108 2,859 40,862 76,897 178,1411 TOTAL FUNDS Reslrlrtedlunds comprise.. The sinking fund payment is an annual sum agrd wlh th8 landlord, Gamlinoay Parish Council, to build up a fund lor rnajor repairs mainl8rnan over a period of 30 years. In accordance with the terms of an agreement 1th the landlord. the annual sum can be transferred to this fund by the Council or by the charity. The charity and the Parish Council agreed lo increase this annual sum from £21,000 to £28,000 with ellecl frrom Ihe year lo 31 Decembei 2023. The 2024 year therefore in¢ludes a provigon lor the £28,000 lor the year plus a further provision of £7(K)O lor the 2023 year lolloNw1 the agreernenl of the increase. - The clLk) grant was lor a bowling mat. The dem8nlia group grant Wds for materials activities for use by Ihe group. - The doors grant was provided by Cambs Community Fund to financ8 newd1sabled-frierIY doors for the centr8. - The solar batteri8s grant was for new batteries. The Connect café was an external grant to fund café expenditur8. The 2 tickgt funds and Repwr café fund wer8 sel up lor local grows to use the ntr8.5 credit card lalite$. 224,330 137915 274,332 Deslgnated lund$ comprlse.. - part of th8 surplus from 2020 and 2021 resulting Irorn Ial authority grant inwm8 was deslgnat8d by trusls for several sp#fEC purposes. Much ol this has been spent Ixjt there MaInS a balare of £2.859 designat8d lo supplernenl work drèadycariried out on solar pang1 batteries, hOlUllY in 2025. 11 LEASE COMMITMENTS An agreetnent to leas6 the property known as Gamlingay Cornmunity C8nlre for a period ol IIIIY y8ar5 frorn the freeholder, Gaffllingay Parish Council, was 8nl8red into on 17 February 2011. No rentd payments ar8 due in resp8ct of this agreètnenl lor th& p9ri0d of th8 lease. 12 ANALYSIS OF NET ASSEfs BETWEEN FUNDS ReJtr*led lunds UnN$trictsd fvnds To Flxed as58ts Current assets Curreni liabilities 13,450 217,161 923 51,463 8,665 43.721 14.373 268,624 230611 274.332 12