Company registration number 07791840 (England and Wales) Charity registration number 1145717 (England and Wales)
CURZON CENTRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CURZON CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | John Barnetson Anderson | |
|---|---|---|
| Andrew David Farncombe | ||
| Jonathan Nigel Fowke | ||
| Mark David Richards | ||
| James Howard Rider | (Appointed 27 January 2025) | |
| David Michael Saunders | ||
| Helen Elizabeth Beatrice Sharman | ||
| Dawn Anabel Southgate | ||
| Charity number | 1145717 | |
| Company number | 07791840 | |
| Registered office | The Curzon Centre | |
| 43 Maxwell Road | ||
| Beaconsfield | ||
| Bucks | ||
| HP9 1RG | ||
| Independent examiner | Keir Singleton | |
| S&W Audit | ||
| 22 Wycombe End | ||
| Beaconsfield | ||
| Buckinghamshire | ||
| HP9 1NB |
CURZON CENTRE
CONTENTS
| Page | |
|---|---|
| Trustee's report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 16 |
CURZON CENTRE
TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025
The board has pleasure in presenting its report and financial statements for the year ended 31 March 2025 which are also prepared to meet the requirements for a directors' report for Companies Act purposes.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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).
Objectives and activities
1) To advance in life and relieve needs of young people through:
-
The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life
-
Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
2) To establish and manage a community centre for the use of the inhabitants of Beaconsfield and the neighbourhood without distinction of sex, sexual orientation, age, disability, nationality, race or political, religious or other opinions, including use of the community centre for meetings, lectures classes or other forms of recreation and leisure time occupation in the interests of social welfare and with the object of improving the conditions for the said inhabitants.
Public benefit
To achieve our objectives for the year and planning our use of the centre, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
We endeavour to publicise to local groups and the general public the facilities available when hiring all or part of the centre.
Provision of youth services is central to the role of the Curzon Centre. Youth activities are provided on 1 evenings each week for 8-11 year olds as well as The Young Theatre on Sunday afternoons.
The facilities at the centre are available for hire 7 days a week.
Achievements and performance
Significant activities and achievements against objectives
We are continuing to update the building and its general infrastructure to give the users a positive experience whether they are exercising, entertaining their children, being educated or enjoying a production or party. The trustees are currently working on plans to update the disabled toilet/baby changing facilities and the men's toilets. Funding is actively being sought to enable us to complete this work.
Youth services are carried out on our behalf by Hope Church and The Young Theatre. These arrangements have proved extremely successful with a high quality of youth service being delivered, The Young Theatre performed Midsummer Night's Dream (in the round), Jack and the Bean Stalk (pantomime) and a Cabaret in the spring.
We will continue to strive to offer attractive and accessible youth services.
Financial review
The Centre has two principal sources of income, hiring of facilities and grants and donations. The Centre generated £89,658 (2024: £69,559) from letting and received income from grants and donations of £12,860 (2024: £14,400). After expenditure during the year of £87,463 (2024: £93,618) cumulative funds at the end of the year increased by £16,025 to £99,914 (2024: decreased by £8,761 to £83,889). Letting and other income cover the running costs of the Centre but it will be necessary to continue raising funds and applying for grants to meet the cost of providing youth services. A condition of the lease with Bucks County Council is the provision of youth services.
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CURZON CENTRE
TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Reserves policy
Pricing policy
There is a standard pricing list showing the hourly rates of hire for each of the available facilities which is reviewed annually. Discounts are available to charitable organisations.
Reserves policy
It is the Centre's policy to maintain reserves at a minimum of 8 months of current year's expenditure. Higher reserves will be accumulated from time to time to meet anticipated heavier than normal annual expenditure in a future year, especially when refurbishment projects are undertaken.
Structure, governance and management
The organisation is a charitable company limited by guarantee, incorporated on 29 September 2011. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its Articles of Association. The company was entered in the Register of Charities on 1 February 2012.
The trustees who are also the directors for the purposes of company law, and who served during the year and up to the date of the financial statements were:
John Barnetson Anderson Andrew David Farncombe Jonathan Nigel Fowke Colin Hayfield (Resigned 27 August 2025) Mark David Richards James Howard Rider (Appointed 27 January 2025) David Michael Saunders Helen Elizabeth Beatrice Sharman Dawn Anabel Southgate
Recruitment and appointment of trustees
Trustees are elected by the members or co-opted by the Trustees.
Organisational structure
The board of trustees, which can have up to 10 members, administers the charity. The board meets regularly depending on the needs of the Centre, with quarterly meeting being the minimum number during the year. Subcommittees are formed from time to time for specific purposes. There were no subcommittees during the year.
Induction and training of trustees
New trustees undergo an orientation day to brief them on: their legal obligations under charity and company law, the Charity Commission guidance on public benefit and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity.
Relationship with related parties
During this financial period, The Curzon Centre trustees took the hard decision to sack the Centre manager due to gross misconduct. As one of our trustees was cognisant with the general workings of the office, we agreed that they would step in to temporarily provide the required cover so the Centre and the charity could continue to operate. Until a suitable replacement could be recruited, the trustees agreed this role would be a paid position, with the salary being the same as the previous manager. However, it soon became obvious there needed to be a much broader review of the office systems and general financial management, so this temporary situation has gone on far longer than initially anticipated. The review has been completed, and the changes have been implemented. The trustees are currently trying to recruit a Centre manager with the skillset to take over the effective management of the Centre.
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CURZON CENTRE
TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
The trustee's report was approved by the Board of Trustees.
Jonathan Nigel Fowke Chair of Trustees
26 January 2026
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CURZON CENTRE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CURZON CENTRE
I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of Curzon Centre (the charitable company) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this 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 charity and the charity’s trustees as a body, for my work, for this report, or for opinions I have formed.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Keir Singleton FCA S&W Audit
22 Wycombe End Beaconsfield Buckinghamshire HP9 1NB
Dated: 28 January 2026
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CURZON CENTRE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Donations and legacies 2 10,000 2,860 Charitable activities 3 89,658 - Investments 4 970 - Total income 100,628 2,860 Expenditure on: Charitable activities 5 87,463 - Total expenditure 87,463 - Net income/(expenditure) 13,165 2,860 Transfers between funds 500 (500) Net movement in funds 7 13,665 2,360 Reconciliation of funds: Fund balances at 1 April 2024 82,389 1,500 Fund balances at 31 March 2025 96,054 3,860 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 12,860 12,900 1,500 89,658 69,559 - 970 898 - 103,488 83,357 1,500 87,463 93,618 - 87,463 93,618 - 16,025 (10,261) 1,500 - - - 16,025 (10,261) 1,500 83,889 92,650 - 99,914 82,389 1,500 |
Total 2024 £ 14,400 69,559 898 84,857 93,618 93,618 (8,761) - (8,761) 92,650 83,889 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
The notes on pages 7 to 16 form part of these financial statements.
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CURZON CENTRE
BALANCE SHEET
AS AT 31 MARCH 2025
| 2025 Notes £ Fixed assets Tangible assets 11 Current assets Debtors 12 5,444 Cash at bank and in hand 82,481 87,925 Creditors: amounts falling due within one year 13 (12,542) Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 16 Unrestricted funds 17 |
2024 £ £ 24,531 8,343 74,845 83,188 (22,023) 75,383 99,914 3,860 96,054 99,914 |
£ 22,724 61,165 |
|---|---|---|
| 83,889 | ||
| 1,500 82,389 |
||
| 83,889 |
The notes on pages 7 to 16 form part of these financial statements.
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 26 January 2026
Jonathan Nigel Fowke Chair of Trustees
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CURZON CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
The charity is a company limited by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
The registered office is The Curzon Centre, 43 Maxwell Road, Beaconsfield, Bucks, HP9 1RG.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements 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 charity has taken advantage of provisions in SORP for charities applying FRS 102 update bullitin 1 not to prepare a Statement of Cash Flows.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue operational existance for the forseeable and that there are no material uncertainties regarding going concern.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general activities of the charity.
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.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
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CURZON CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Charitable expenditure comprises those costs incurred by the charity in the deliverance of its activities and services for its beneficiaries.
Support costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include costs linked to the strategic management of the charity.
1.6 Tangible fixed assets
Items are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost or a reasonable value on receipt.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 10% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 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.
1.9 Financial instruments
The company has elected to apply the provisions of Section 11 ”Basic financial Instruments” to all of its financial instruments.
Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.
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CURZON CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Taxation
As a charity the Curzon Centre is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains act 1992 to the extent that these apply to its charitable objects. No tax charges have arisen in the charity.
1.11 Retirement benefits
All employees are entitled to join a pension scheme. All employees have declined to join a pension scheme and since each employee's earnings are below the legal requirement to join a scheme the charity has not set up a pension scheme.
1.12 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.13 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Income from donations and legacies
| Unrestricted Restricted funds funds 2025 2025 £ £ Donations and gifts - 2,860 Grants 10,000 - 10,000 2,860 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 2,860 12,900 1,500 10,000 - - 12,860 12,900 1,500 |
Total 2024 £ 14,400 - |
|---|---|---|
| 14,400 |
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CURZON CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
3 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Lettings | 85,158 | 60,609 |
| Office rental | 4,500 | 8,950 |
| 89,658 | 69,559 |
4 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Interest receivable | 970 | 898 |
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CURZON CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
5 Expenditure on charitable activities
| Community centre Youth work 2025 2025 £ £ Direct costs Staff costs 10,152 - Depreciation and impairment 4,629 - Gas, water and electricity 13,233 - IT costs 1,255 - Cleaning 19,395 - Maintenance & renewals 5,649 - Youth work - 3,300 Insurance 1,826 - Telephone, postage and stationery 1,335 - Advertising 402 - Licences and subscriptions 2,083 - 59,959 3,300 Share of support and governance costs (see note 6) Support 19,310 - Governance 4,894 - 84,163 3,300 Analysis by fund Unrestricted funds 84,163 3,300 |
Total Community centre Youth work 2025 2024 2024 £ £ £ 10,152 14,932 - 4,629 3,042 - 13,233 7,348 - 1,255 - - 19,395 20,094 - 5,649 15,987 - 3,300 - 4,400 1,826 2,517 - 1,335 - - 402 - - 2,083 - - 63,259 63,920 4,400 19,310 20,035 - 4,894 5,263 - 87,463 89,218 4,400 87,463 89,218 4,400 |
Total 2024 £ 14,932 3,042 7,348 - 20,094 15,987 4,400 2,517 - - - |
|---|---|---|
| 68,320 20,035 5,263 |
||
| 93,618 | ||
| 93,618 |
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CURZON CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
6 Support costs
| Support costs Governance costs £ £ Staff costs 18,162 - Office costs 1,148 - Independent examination fees - 3,886 Legal and professional - 1,008 Legal and professional - - 19,310 4,894 Analysed between Charitable activities 19,310 4,894 |
2025 Support costs Governance costs £ £ £ 18,162 14,129 - 1,148 5,906 - 3,886 - 2,293 1,008 - - - - 2,970 24,204 20,035 5,263 24,204 20,035 5,263 |
2024 £ 14,129 5,906 2,293 - 2,970 |
|---|---|---|
| 25,298 | ||
| 25,298 |
Governance costs includes payments to the independent examiner of £2,293 (2024 - £2,180) for the independent examination of the accounts.
| 7 | Net movement in funds | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 3,886 | 2,293 | |
| Depreciation of owned tangible fixed assets | 4,629 | 3,042 |
8 Trustees
During the year one of the trustees (2024: None) was paid a salary of £7,610 (2024: None) for acting as centre administrator following the resignation of the administrator. The trustees were unable to find a suitable candidate to replace the administrator and therefore considered this appointment to be in the best interest of the charity.
None of the other trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Administration | 2 | 1 |
| Caretaker | 1 | 1 |
| Cleaners | - | 1 |
| Total | 3 | 3 |
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CURZON CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 9 Employees Employment costs Wages and salaries Other pension costs |
(Continued) 2025 2024 £ £ 28,244 29,061 70 - 28,314 29,061 |
(Continued) 2025 2024 £ £ 28,244 29,061 70 - 28,314 29,061 |
|---|---|---|
| 29,061 |
There were no employees whose annual remuneration was more than £60,000.
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Tangible fixed assets
| 11 Tangible fixed assets |
||
|---|---|---|
| Cost At 1 April 2024 Additions At 31 March 2025 Depreciation and impairment At 1 April 2024 Depreciation charged in the year At 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 12 Debtors Amounts falling due within one year: Trade debtors Other debtors |
Fixtures and fittings £ 57,325 6,436 63,761 34,601 4,629 39,230 24,531 22,724 2025 2024 £ £ 2,516 8,338 2,928 5 5,444 8,343 |
|
| 63,761 | ||
| 34,601 4,629 |
||
| 39,230 | ||
| 24,531 | ||
| 22,724 | ||
| 2024 £ 8,338 5 |
||
| 8,343 |
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CURZON CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Creditors: amounts falling due within one year
| Notes Other taxation and social security Deferred income 14 Trade creditors Other creditors Accruals 14 Deferred income Other deferred income Deferred income is included in the financial statements as follows: Deferred income is included within: Current liabilities Movements in the year: Deferred income at 1 April 2024 Resources deferred in the year Deferred income at 31 March 2025 15 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2025 £ 353 782 4,901 2,106 4,400 12,542 2025 £ 782 2025 £ 782 - 782 782 2025 £ 70 |
2024 £ 426 - 1,736 - 19,861 |
|---|---|---|
| 22,023 | ||
| 2024 £ - |
||
| 2024 £ - |
||
| - - |
||
| - | ||
| 2024 £ - |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
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CURZON CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
16 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 April | Incoming | Transfers | At 31 March | |
|---|---|---|---|---|
| 2024 | resources | 2025 | ||
| £ | £ | £ | £ | |
| Building improvements | 1,500 | 2,860 | (500) | 3,860 |
| Previous year: | At 1 April | Incoming | Transfers | At 31 March |
| 2023 | resources | 2024 | ||
| £ | £ | £ | £ | |
| Building improvements | - | 1,500 | - | 1,500 |
The building improvements fund represents money given for the improvement of the building including, front garden work, the creation of an outdoor seating area and refurbishment of specific rooms within the Centre. Transfers from the restricted fund arise when the fund is used to purchase an item that is then capitalised.
17 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 April | Incoming | Resources | Transfers | At 31 March | |
|---|---|---|---|---|---|
| 2024 | resources | expended | 2025 | ||
| £ | £ | £ | £ | £ | |
| General funds | 82,389 | 100,628 | (87,463) | 500 | 96,054 |
| Previous year: | At 1 April | Incoming | Resources | Transfers | At 31 March |
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| General funds | 92,650 | 83,357 | (93,618) | - | 82,389 |
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CURZON CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
18 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2025 2025 £ £ At 31 March 2025: Tangible assets 24,531 - Current assets/(liabilities) 71,523 3,860 96,054 3,860 Unrestricted Restricted funds funds 2024 2024 £ £ At 31 March 2024: Tangible assets 22,724 - Current assets/(liabilities) 59,665 1,500 82,389 1,500 |
Total 2025 £ 24,531 75,383 |
|---|---|
| 99,914 | |
| Total 2024 £ 22,724 61,165 |
|
| 83,889 |
19 Related party transactions
During the year, the Centre paid £6,064 (2024: £nil) to the husband of one of the trustees for services as Centre Administrator. This temporary arrangement was made following the resignation of the previous administrator, as the Centre experienced difficulties in recruiting a replacement.
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