FESTtVAL DRAYTON CENTRE UNAUDTEED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 Com stration No 07100599 'stered Chari No: 1139372
INDEPENDENT EXAMtNERS' REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF FESTIVAL DRAYTON CENTRE This report is made to the charity's trustees, as a body, in accordance with the ternis of my engagement. My work has been undertaken so that I might Compile the financial statements that I have been engaged to compile, report to the charity's trustees that I have done so, and state thos¢ matters that I have agreed to state to them in this report and for no other purpose. To the fullest extent pern]itted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees, as a body, for my work or for this report. Independent Examiner's Report to the Trustees of Festival Drayton Centre I report on the accounts of the company for the year ended 30th November 2024 which are set out on pages I to 5. RpeCtive responsibilities of trust9 and eiaminer The trustees (who are also the directors of the company for th¢ purpose of company law) are responsible for the preparation of the accounts. The trustees consider that all audit is not required for this year under section 144(2} of the Charities Act 2011 and that an independent examination is ne¢d¢d. Having satisified myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent ¢xamination, it is my responsibility to:_ examine the accounts under section 145 of the 2011 Act. follow the procllre5 laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 201 l Act. and state whether particular matters have come to my attention. Basis of independent examiner's statemeDt My examination was carried out in accordance with the General Directions given by the Charity Conunission. An examtnation 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 audAL and consequently no opinion is given as to whether the accounts present a 'te and fair view" and the report is limited to those matters set out in the statement below. Independent examiner's statement In connectlon with my examination, no material matter has come to my attention. which gives me reasonabRe cause to believe that in any material respect the requirements to keep accounting records in accordance with section 386 of tbc Companies Act 2006. and to prepaT¢ accounts which accord with thc accounting records and to comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Chariti¢s SORP (FKS102): 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. Mr Roger Dodington FCCA STUBBS PARKtN soirrH CIIARTERED AccouNfAIYTS 28 CHESHIRE STREET MARKET DRAYTON SHROPSHll Date: 18th March 2025
Page I FESTIVAL DRAYfoN CENTRE TRUSTEES, REPORT FOR THE YEAR EIYDED 30TH NOVEMBER 2024 CONSTITUflON Festival Drayton Centre is a non-profit making organisation and became a registered charity, No. 516004, on 24th January 1985 to run the Festival Drayton Town Centre Village Hall. The charity has subsequently been replaced by a charity in the same name but with No. 1139372. PRINCIPAL ACTIvrrIES The 0Up was forni¢d to run the village hall for the use of the inhabitants of the parishes of Market Drayton and Little Drayton in the county of shropshire without distinction of political rellgious or other opinions including use for meetings, lectures, classes and for other fornis of recreation and l¢isure-time occupation, with the object of improving the conditions of life for the said inhabitants. TRUSTEES The trustees are as follows: Mr G Vernon Mr P J Morris Mrs A Parrotte Mrs P Holland Mrs J Crewe Mrs C M Faul Mrs B Edwards MrMKay OFFICERS The officers of the charity are as follows: Chairman Secretary Mr G Vernon Mrs P Holland BY ORDER OF THK TRUSTEES Date: 18th March 2025 Name: Mr G Verno
Page 2 FESTIVAL DRAYTON CENTRE STATEMENT OF FINANCIAL ACTIVITIES CLIJDING INCOME & EXPENDITURE ACCOUNT FOR THE YE2IR ENDED 30TH NOVEMBER 2024 2024 2023 Unrestricted Funds Total Note Incoming Resources Donations, subscriptions & similar incoming resources 164,778 164,778 127,290 Investment Income & Interest Bank interest 4,489 4,489 1,342 Total Incoming Resources 169,267 169,267 128,632 Rosources Expended Management & administration expenditure 243,180 243,180 193,935 Total Resources Expended 243,180 243,180 193,935 Net Incoming Resources Net Surplus/(Deficit) For The Year (73,913) (73,913) (65,303) FUND BALANCES BROUGHT FORWARD 1,165,797 1,165,797 1,231,100 TOTAL FUNDS CARRIED FORWARD 1,091,884 1,091,884 1,165,797 The annexed notes form part of these financial statements.
Page 3 FESTIVAL DRAYTON CENTRE BALANCE SHEET AS AT 30TH NOVETrIBER 2024 2024 2023 Unrestricted Funds Total Note Fixed Assets Tangible assets 912,072 912,072 917,850 Current Assets Share Capxtal - Festival Drayton Centr¢ Ltd Debtors and Prepayments Festival Drayton Centre Limited Cash for safe Lloyds TSB bank balance Building Society account 17.645 11,415 115 9,121 150,176 188,474 17,645 11,415 115 9,121 150,176 188,474 7,577 15,587 10,145 231,284 264,595 Current Liabilities Creditors - atnounts falling due withFn on¢ year (8,662) (8,662) (16,648) Net Current Assets 179,812 179,812 247,947 Net Assets 1,091,884 1,091,884 1,165,797 Funds 1,091,884 1,091,884 1,165,797 The notes on pages 4 to 5 fonn part of these accounts. For the year ending 30th Noveinber 2024 the Charity was entitl to exemption from audit under section 477 (1) of the Companies Act 2006. Directors responsibilities:. i) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. li) The directors acl(nowledge their responsibÉlities for ensuring the Charity keeps accounttng records which comply with section 386. and iii) preparing accounts which give a true and fair view of the state of affairs of the Charity as at the end of the financial year and its profit and loss for the financial year in accordance with the requirements of sections 394 and 395, and whlch otherwise comply with the Companies Act relating to accounts, so far as applicable to the Charity. The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRSI 02 SORP. Th¢ financial statements were approved by the Board of Directors on the 18th March 2025. ON BEIIALF OF THE TRUSTEES Date: 18th March 2025 Name: Mr G Ver The annexed notes form part of these financial statements.
Page 4 FESTIVAL DRAYTON CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 Accounting Policies These accounts have been prepared under the historic cost convention with items recognised at cost or transaction value Ulllcss otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with th¢ Statement of Recommended Practioe: Accounting and Rcporting by Charities prcparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicabl¢ in the United Kingdom and Rcpublic of Ireland (FRS 102) and with the Charities Act 2011. The Company is a Private Company limited by gLwantee and was incorporated in England. The registered office is at Frogmore Road, Market Drayton, Shropshire, TF9 3AX. Donations, Subscriptions & Similar Incoming Resources 2024 2023 Unrestricted Total Fundraising 400 Club Sundry donations Donation from FDC Trading Ltd Service charges - FDC Trading Ltd Graiits 1,500 1,000 2,496 11,415 130,917 17,450 164.778 1,500 1.000 2,496 11,415 130,917 17,450 164,778 1,064 1,000 11,604 15,587 93,333 4,702 127,290 Management & Administration Expenditure 2024 2023 Unrestricted Total Wages (including pension) Electricity and gas Water rates Insurdnc¢ Telephone Building maintenance work Hygien¢ and toilet services Accountancy costs Professinal services Bank charges Depreciation Miscellan¢iius expenses 125,983 23,768 2,717 4,561 526 29,098 2,018 1,090 125,983 23.768 2,717 4,561 526 29,098 2.018 1,090 95,189 18,409 2,224 4,900 20,125 1,881 1,040 140 115 49,260 652 193,935 133 53,093 193 243,180 133 53,093 193 243,180 The average number of employees was 7.
Page 5 FESTIVAL DRAYTON CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EI¥DED 30TH NOVEMBER 2024 Continued... TANGIBLE FIXED ASSETS nd& Bllildin Fixtures & Fitti & Interiors Total Cost At 30th November 2023 Additions Disposals At 30th November 2024 1,282,330 183,523 9,415 340,889 37,900 1,806,742 47,315 1,282,330 192,938 378,789 1,854,057 Depreciation At 30th November 2023 Charge for the year At 30th November 2024 491,851 25,647 517,498 168,080 4,972 l73,052 228,961 22,474 251,435 888,892 53,093 941.985 Net Book Value At 30th November 2024 764,832 19,886 127,354 912,072 At 30th November 2023 790,479 15,443 111,928 917,850 CREDITORS. AMOUNTS FALLING DUE WITIItN ONE YEAR 2024 2023 Creditors and accruals VAT creditor PAYE creditor 7.053 1.609 9,754 5,905 989 16,648 8,662 Restricted Unrestrieted Total Funds 1,091,884 1,091,884 1,091,884 1,091,884