Company Registration Number: 8189686
Charity Registration Number: 1152468
OAKLEY VALE COMMUNITY CENTRE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31st MARCH 2025
li
Ookley Vale
Community Cenlre

ORGANISATION INFORMATION
Company Registration Number:
(Company registered on 23 August 2012)
8189686
Charity Registration Number:
(Charity registered on 18 June 2013)
1152468
Registered office:
20 Butland Road
Corby
Northamptonshire
NN18 8JF
Community Centre address:
20 Butland Road
Cotby
Northamptonshire
NN18 8JF
Board of Trustees
Peter Moden
Veronica Toth
Judy Caine
Trevor Conway
Chair
Vice Chair
Secretary
Treasurer
Committee Members:
Yasmin Checkley
Paul Balmer
Eirwen Phipps
Phil Proctor
Annette Amato
Damien Fletcher
Bankers:
HSBC. Corby
Independent Examiner:
Chris Godbold
5 Home Farm Close, Great Oakley, CORBY,
NN18 8HQ

OAKLEY VALE COMMUNITY CENTRE
INDEX
Report of the Board of Trustees
Responsibiltties of the Board of Trustees
Report of the Independent Examiner
Accounting Policies
Ststement of Financial Activities
Balan￿ Sheet
Notes to the Financial Statements
10-11
Approval of Financial Statements
12

OAKLEY VALE COMMUNITY CENTRE
(A Company Limited by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31$tMarch 2025
Page 1
The members ofthe Board ofTrustees of Oakley Vale Communty Centre (OVCC) present their
report together with Financial Statements for the year ended 31 March 2025.
Structure and Govemance
OVCC is a Company Limited by Guarantee. having no share capital. It became a registered
charity on 18 June 2013. TrUSt￿S operate under its Memorandum and Articles of Association.
The Centre is managed by a part-time paid Centre Manager (18 hours per week) and 2 part-time
paid caretakers - one working evenings, the other covering the weekends.
In addition to the above, the Board of Trustees oversees all aspects of the Centre and currently
consists of 4 Trustees, and 6 committee members. The trUSt￿S can nominate TrUSt￿S I
committee members as they see fft. Having extra committee members to take on event-organising
roleslpublicity etc. has been of great value to the Centre.
Usage houts at the Centre remain constant but there are still at least 35 hours that could be let
out. This is a priority for us over the next 12 months with all Tnjstees and committee members
actively promoting the Centre. Hours have this year been the highest ever, at one point being 57.
Funding
We received grants from both North Northamptonshire Council (for the general running of the
Centre) and Corby Town Council (for specified activtti'es). These are described in the Notes to the
Accounts on page 10.
Objectives
The Objects of OVCC are to..
establish, and secure the establishment of, a community ￿ntre to benefft the residents in the
Borough of Corby and the neighbourhood and to maintsin, manage and cooperate with any
statutory authority in the maintenance and management of such a centre without distinction of
sex, sexual orientation. race or political, religious or other opinions by association.
advance education and to provide facilities in the interests of social welfare for recreation and
leisure-time occupation with the object of improving the health and wellbeing of the residents in
the Borough of Corby and the neighbourhood
promote such purposes as are charitable according to the laws of England and Wales for the
benefit of the public as may from time to time be detemiined. The Company shall be non-paty
in politics and non-sectarian in religion.
We meet these objectives through the effective operation and management of the Community
Centre, its use as a community faciltty and by events that we run to supplement those organised
by others. These events are mainly aimed at Communty Development and Cohesion.

OAKLEY VALE COMMUNITY CENTRE
(A Company Limited by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 318tMarch 2025
Page 2
Objectives (continued)
Public Benefit
Oakley Vale is a continually growing development area with over 3,750 homes built. Most
residents are new to the Corby area with only about 60 % being ￿lte British. There are 17
different first languages being spoken at the Primary Schools.
Having now secured a number of activities regularly occurring at the Centre, we are now looking at
gaps in provision and supporting and encouraging organisations to put on activities to fill the gaps.
Particular emphasis on this work is to support community development I cohesion activities on the
Oakley Vale estate, social engagement and mental health and well-being.
The public benefit will come from having a well used community facilrty, the benefit from the users,
activities and from the activities run by OVCC.
Activities
Apart from day to day running of the Centre hosting a variety of community sporting, dance and
other activities and our weekly warm hub cafe we have now established 4 events per year that
residents look fO￿ard to:
1. Oakley Fest family fun day (July)
2. Macmillan Coffee Moming (September)
3. Carols Round the Tree (December)
4. Christmas Fayre {De￿Mber}
The Centre continues to be used during the day and evening 7 days a week although not all
groups run during the school holidays. The range of activities booked is extensive and there is
availability for use of the building for daytime activities on weekdays and for parties at weekends.
We continue to communicate with the Oakley Vale communty through the Communty Association
meetings and continue to ensure close ties between our two groups.
We continue to assist the football clubs through the period before changing rooms are built.
We have invested in the building through improvements and continue to benefft from having PV
Panels through redU￿d purchased electricity costs and income from the Faed-in-Tariff. In
addition, last yearfs review of all our service providers - gas, electricity, phone, intemet and
building rna1ntenan￿ - has saved us hundreds of pounds this year.
Achievements and Perfomiance
A Business Plan has been approved for 202516 which contsins a number of objectives and
progress in attaining them. Income & Expenditure are monitored at each Board Meeting.
The monitoring required by North Northants Council, under the service level agreement for the
grant, was collected and provided.

OAKLEY VALE COMMUNITY CENTRE
(A Company Limrted by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31StMarch 2025
Page 3
Achievements and Perfomiance (continued)
The main achievement is the continuing smooth operation of the Community Centre and the
beginnings of it feeling like a real community hub. Usage fluctuates but the general trend is
upwards
Financial Review
A loss of £1,383 occurred in 2024r25. This followed a surplus of £7,606 in 2023124.
Due to the continuing cost-of-living crisis, especially energy prices, we decided to keep our hire
rates and deposits at the current level.
Our cash flow has remained posrtive with deposits held and payment required in advance. There
have been very few issues wrth payments, none of which resulting in bad debts. Bills are paid
promptly.
Risk Assessment
The Board does not believe it is subject to any substsntial risk beyond the liabilities disclosed in its
Annual Report and Accounts. The Business Plan has been prepared to mitigate any risks.
The organisation has public, employer and professional indemnity Insuran￿ to protect it in the
event of a claim.
Reserves and Invesknent Policies
The Board's intent is to achieve a reserve of 6 months operating costs and rep1a￿rnent of
furniture and equipment every 10 years on average as and when necessary.
Our reserves currently stand at £61,035, of which £750 are considered Restricted.

OAKLEY VALE COMMUNITY CENTRE
(A Company Limited by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31StMarch 2025
Page 4
STATEMENT OF RESPONSIBILITIES OF THE BOARD OF TRUSTEES
Company law requires the members of the Board of Trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the company and of the
income and expenditure of the company for that period. In preparing those financial statements,
the members of the Board of Trustees are required to:
select suitsble accounting policies and then apply them consistently.
make adjustments and estimates that are reasonable and prudent.
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the company will continue its activities.
The members of the Board of Trustees are responsible for maintaining proper accounting records
which disclose with reasonable accuracy at any time the financial position of the company and to
enable them to ensure that the financial statements comply wrth the Companies Act 2006. They
have a general responsibility for taking such steps as are reasonably open to them to safeguard
the assets of the company and to prevent and detect fraud and other irregularities.
SIGNED ON BEHALF OF THE BOARD OF TRUSTEES
Peter Moden - Chair of Trustees
Date:
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND MEMBERS OF THE
OAKLEY VALE COMMUNITY CENTRE
Registered Charity No. 1152468 (England & Wales)
Company Registration No. 8189686
I report on the accounts of the Charity and Company for the year ended March 31, 2025, which are set out in attached
pages 8 to 11.
Respective responslbilitle5 of the trustees and examfner
The trustees (who are also the dIreCto￿ of the company for the purposes of company law) are responsible for the
preparation of the accounts in accordance with the requirements of the Charities Act 2011. This Act provides for the
accounts to be audited or, at the d7scretion of the trustees and subject to the charity's gross income for the year
concerned, to be subject to independent examination. The trustees have determined that. for this year, the accounts
should be independently examlned.
HavTng been appointed by the trustees to exarnlne the accounts. it is my responsibility to examine the accounts under
section 145 of the Act and - in carrying out that examination - to follow the applicable directions given by the Charity
Commission under section 145 (5) {b) of the Art.
Basas of Independent Examiner's Statement
My examination was carried out in accordance with the general directions give￿ 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 include5 consideration of any unusual items or disclosure5 of the accounts and
seeking explanations from the trustees concerning any such matters. The procedure5 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. v?ew. The report is limited to those matters set out in the following statement.
Independent Examiner's Statement
In connectTon 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 the Companie5 Act 2(M)6 and
to prepare accounts which accord with the accounting records. comply with the accounting
requirements of the Companies Act 21J)6 and with the methods and principles of the Statement
of Recommended Practice, Accounting and Reporting by Charities.
have not been met; or
to which, in my opinion. attention should be drawn in order to enabte a proper understanding of the
accounts to be reached.
(signed by)
Chris Godbold
5 Home Farm Close, Great Oakley, CORBY, NN18 8HQ
November 22, 2025
Page 6

OAKLEY VALE COMMUNITY CENTRE
(A Company Limfted by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
PRINCIPAL ACCOUNTING POLICIES
The financial statements of the Charitable Company, which is a public benefit entity under FRS 102
have been prepared under the historical cost convention and in accordan￿ with the Companies Act
2006 and the Statement of Recommended Practi￿ SORP (FRS 102) issued 1st October 2019,
applicable to UK Accounting Standards and the Charities Act 2011.
Fomiat
The Company has taken advantage of the provisions of the Companies Act 2006 and presented an
income and expenditure account in the fonn of a statement of financial activities on the grounds that it
enables the financial ststements to show a true and fair view of the result for the period.
The principal accounting policies of the Company are set out below:
Incomin
Resources
Voluntsry Income
Voluntary income, including donations, legacies and grants that provide core funding or are of a
general nature are recognized where there is entitlement, certainty of receipt and the amount
can be measured with sufficient reliabilty.
Investment Income
Interest is brought into account on a re￿1vable basis and dividend income on a received basis.
Income from Charitable Activities
Income from charitable activities includes income received under contract or where entitlement
to grant funding is subject to specific performance conditions is recognized as eamed. Grant
income in this category provides fvnding to support perf0rnan￿ activities and is recognized
where there is entitlement, certainty of receipt and the amount can be measured with sufficient
reliability.
Resources Ex
nded
Expenditure is recognized when a liabilty is incurred.
1 . Costs of Generating Funds are those costs incurred in attracting voluntary income.
2. Charitable Activities include expenditure associated with direct ServI￿S and membership
support.
3. Governance Costs include those incurred in the governan￿ of the charity and its assets and
are primarily associated with constitutional and statutory requirements.
Allocation of Costs
Costs are allocated to functional headings on the basis of direct costs plus overheads on a fair and
reasonable estimated basis.
Page 7

OAKLEY VALE COMMUNITY CENTRE
(A Company Limfted by Guardntee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
PRINCIPAL ACCOUNTING POLICIES (continued)
Investments
There are no investments at present.
Leased Assets
Payments made under operating leases are charged to the income and expendrture account on a
straight-line basis over the lease term.
The Charity currently has no leased assets.
Tan
ible Fixed Assets and De
reciation
Depreciation is calculated to write down the cost of all tsngible fixed assets by instalments over their
expected useful lives. The Directors have set a materiality level of £5,000 per individual item, under
which no purchase will be capitalized. Specffic policies are as follows..
Computers and short-lrfe assets: 2 to 3 years straight-line method
Long-life assets: 5 to 10 years straight-line method
At present the Chanty has no fixed assets.
VAT
The Charity is not registered for Value Added Tax.
Fund Accountin
Funds held by the Charity are either.
With the charitable objects at the discretion of the Directors.
Designated Funds - these are funds set aside by the Directors out of unrestricted funds for
specific future purposes or projects.
Restricted Funds - these are funds that can only be used for particular restricted purposes
within the objects of the Charity. Restrictions arise when specified by the donor or when funds
are raised for particular restricted purposes.
Further explanations of the nature and putpose of each fund are included in the notes to the financial
statements.

OAKLEY VALE COMMUNITY CENTRE
(A Company Limited by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31StMareh 2025
STATEMENT OF FINANCIAL ACTIVITIES
The notss on pages 10 and 11 forni part of these financial statements
Page 8
NOTE
2025
INCOME
Hire Income
Grants
Fundraisin
Oakle
Misc
Total Income
2024
£37,624
£9,710
£36,118
£13,890
£1,837
re
£87
£385
£52,230
£47,421
EXPENDITURE
lo
ment Costs
Utilities
2025
£20,427
£11,781
£11,640
£686
£1,130
2024
£18,550
£10,001
£9,293
£1,282
£428
of Premises
Insuran
Business Rates
EPI
Goveman
Purchase of e
ui
ment
Centre Mana
ement
Oakley Fest & Coffee
Mornin
Total Ex
£118
£500
£2,425
£2, 145
£2,758
£264
enditure
£48,804
£44.624

OAKLEY VALE COMMUNITY CENTRE
(A Company Limited by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31StMarch 2025
Page 9
BALANCE SHEET
At
3110312025
At
31m3/2024
NOTE
CURRENT ASSETS
At bank - current account
At Market Hart)orou
h Buildin
Total
£63,482
£20
£63,502
Socie
£64, 066
£64.066
Add Debtors
Pre-
ments to traders
£809
£1,036
Total Assets
£64.311
£65,102
Deduct Creditors
Trade creditors due within 1 ear
lo
ment costs due within 1
ear
£1,345
£1,931
£885
£1, 799
Totsl Creditors
Funds available at
eriod-end
£61,035
£62,418
RECONCILIATION OF FUNDS
Totsl funds brou
ht forward
Sur
lus
loss
for the
riod
Total funds carried fonmard
£62,418
£1,383
£61.035
£55, 162
£7,606
£62418

Page 10
OAKLEY VALE COMMUNITY CENTRE
(A Company Limited by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31StMarch 2025
NOTES
1. The following grants were received during the period."
2025
2024
£8.330
£8,905
£600
£1,000
£2,185
£400
£800
Premises Grants
Kin
's Coronation
Warm Hub
Defibrillators
Christmas Carols
Oakle
Fest
Corb 75th Anniversa
lacement s
eakers
Christmas Carols
£150
£750
£480
Total
£9.710
£13 890
The grants re￿iVed from North Northamptonshire Council were for the general running of the
Centre. As expenses incurred in running the Centre exceeded the sum awarded, these grants
were not considered Restricted.
Three grants totslling £1,380 were re￿iVed from Cort)y Town Council for particular purposes and
were thus considered Restricted. They were".
£150 for commemoration of the 75th anniversary of Corby local govemment (which was
celebrated as part of the OVCC-organized Oakley Fest)
£480 towards the cost of organizing Christmas carols (expenses for which are incorporated in
Upkeep of Premises)
£750 for the replacement of two speakers
The first two grants were expended appropriately during the year, while it was not possible to
source the required speakers, and the money was held at year*nd as Restricted fvnds.to be
expended during 2025-26.
The average number of full-time equivalent employees in the year was 1 (2023.1).
No employee earned in eX￿sS of£60,000 during the year.
Governan￿ costs include the independent examination ofthe accounts and Companies House
filing fees. The lower charge in 202415 resulted from an ovetprovision in the accruals at the end
of the previous year.
Debtors
Prepayments
2025
£809
2024
£1,036

Page 11
OAKLEY VALE COMMUNITY CENTRE
(A Company Limited by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31StMarch 2025
NOTES {continued)
Cash at Bank and In Hand
2025
2024
HSBC Current Account
Market Harborough Building
Socie
Totsl
£63.482
£20
£63,502
£64.066
Creditors: amounts falling due within 1 year
2025
£1,931
£334
£1,011
£3.276
Em
lo
ment costs
Governance costs
Other trade creditors
Total
2024
£1, 799
£885
Restricted Funds
All reserves apart from £750 are unrestricted. See also Note 1.
Share Capital and Members. Liability
The company is limited by guarantee and does not have a share capital
Every member of the company undertakes to contribute to the assets of the company, in
the event of it being wound up while helshe is a trustee or within one year afterwards, for
payment of the debts and liabilities of the company, charges and expenses of winding up
and for the adjustment of the rights of contributories among themselves, such amounts as
may be required not exceeding £1.
Ultimate Controlling Party
The Charity is under the ultimate control of the trustees, the names of whom are shown at
the front of these accounts. The trustees are also the Directors of the Company.
For the year ending March 31, 2025, the company was entitled to exemption from audit under
Section 477 of the Companies Act 2006.
The Directors acknowledge their responsibilities as follows:
(i)
the members have not required the company to obtain an audit of its accounts for the year
In question in accordan￿ with section 476
the directors acknowledge their responsibilities for comptying with the requirements of the
Act with respect to accounting records and the preparation of accounts
(iii) these accounts have been prepared in accordan￿ with the provisions applicable to
companies subject to the small companies, regime.
The accounts have been prepared in accordance with the special provisions relating to small
companies within the Companies Act, 2006.
(li)

OAKLEY VALE COMMUNITY CENTRE
(A Company Limited by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31StMarch 2025
Page 12
The financial statements were approved and authorised for issue by the Board on 26th November
2025
Signed on behalf of the Board of trustees
Peter Moden Director/Chair