2025-03-31-accounts

Thornley Community Space

Registered Charity Number: 1152989

Trustees' Report and Financial Statements

for the year ended 31 March 2025

Thornley Community Space

Contents

	page
Legal and admininstrative information	1
Trustees' report	2
Statement of financial activities	3
Balance sheet	4
Notes to the financial statements	5

Thornley Community Space

Legal and administrative information

Constitution

Thornley Community Space is a Charitable Incorporated Organisation (CIO) and a registered charity governed by its memorandum and articles of association.

Trustees

The trustees of the CIO are its trustees for the purpose of charity law.

Charity number 1152989 Site address Old Thornley School Thornley Longridge PR3 2TE Correspondence address Old Thornley School Chipping Road (Elm Brow) Thornley Longridge PR3 2TE Trustees Helen Turner Alison Moulding Janet Forshaw Karen Roscoe Bankers Lloyds TSB

Page 1

Thornley Community Space Charity registration number: 1152989

Report of the trustees for the year ended 31 March 2025

The trustees present their report and the financial statements for the year to 31 March 2025. The trustees who served during the year and up to date of this report are set out on page 1.

Governing document

Thornley Community Space is registered as a Charitable Incorporated Organisation with a constitution governed by The Charity Commission.

Charitable objectives

The objects of the CIO are to:

a) Promote the benefit of the inhabitants of Thornley and the neighbourhood together defined by the Ribble Valley district without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure occupation with the object of improving the conditions of life for the said inhabitants. b) Establish, or secure the establishment of, a Community Centre and to maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects.

c) Promote such other charitable purposes as may from time to time be determined.

Statement of trustees' responsibilities

The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity 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 charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are required to:

• select suitable accounting policies and apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and

• prepare the financial statements on a going concern basis unless it is inappropriate to presume the charity will continue in business.

The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees of the company must, in determining how amounts are presented within items in the statement of financial activities and balance sheet, have regard to the substance of the reported transaction or arrangement, in accordance with generally accepted accounting principles and practice.

Page 2

Thornley Community Space

Statement of financial activities for the year ended 31 March 2025

Notes Incoming resources Incoming resources from generating funds Voluntary income 2 Total incoming resources Resources expended Charitable activities 3 Governance costs 4 Total resources expended Net incoming resources for the year	Restricted funds £ 0 0 0 0 0 0	Unrestricted funds £ 7,482 7,482 3,784 0 3,784 3,698	2025 Total £ 7,482 7,482 3,784 0 3,784 3,698	2024 Total £ 6,257 6,257 7,713 0 7,713 -1,456

Page 3

Thornley Community Space Balance sheet as at 31 March 2025

Notes £ £ Fixed assets Tangible assets 6 0 Current assets Debtors 7 0 Cash at bank and in hand 8,749 8,749 8 0 Net current assets 8,749 Net assets 8,749 Funds 9 Unrestricted income funds 7,906 Restricted income funds 843 Total funds 8,749 The financial statements were approved by the trustees Helen Turner Janet Forshaw Alison Moulding Karen Roscoe 2025 Creditors: amounts falling due within one year

£ £ 0 0 5,051 5,051 0 5,051 5,051 4,208 843 5,051 2024

26 January 2026

Page 4

Thornley Community Space

Notes to the financial statements for the year ended 31 March 2025

1 Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the period.

1.1 Basis of accounting

The financial statements are prepared under the historical cost convention.

1.2 Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.

Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when receivable.

Donated services and facilities are included to the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

1.3 Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity.

2 Voluntary income Income raised at events Fashion Show Domino Nights Other events Income from grant funding Champion Bowland Income from donations and room hire Room hire Donations 3 Charitable activities Expenses	Restricted Unrestricted funds funds £ £ 0 650 0 2,015 0 1,025 0 0 0 280 0 3,512 0 7,482 Support costs £ 3,784 3,784	2025 Total £ 650 2,015 1,025 0 280 3,512 7,482 2025 Total £ 3,784 3,784	2024 Total £ 520 2,023 298 300 420 2,696 6,257 2024 Total £ 7,713 7,713

Page 5

Thornley Community Space

Notes to the financial statements for the year ended 31 March 2025

4 Governance costs Restricted Unrestricted funds funds £ £ none 0 0 0 0 5 Analysis of support costs Restricted Unrestricted funds funds £ £ Insurance 1,609 Lighting and heating 638 Renovation work 0 Repairs and maintenance 725 Event costs 674 Water charges 113 Sundry items 25 0 3,784 6 Tangible assets Leasehold land and building £ Thornley School 0 0 7 Debtors Sundry debtors 8 Creditors: amounts falling due within one year Trade creditors 9 Analysis of net assets between funds Restricted Unrestricted funds funds £ £ Tangible fixed assets 0 0 Current assets 843 7,906 Current liabilities 0 0 843 7,906 10 Funds Balance Incoming at 1 April resources £ Restricted funds 843 0 Unrestricted funds 4,208 7,482 5,051 7,482	2025 Total £ 0 0 2025 Total £ 1,609 638 0 725 674 113 25 3,784 2025 Total £ 0 0 2025 £ 0 0 2025 £ 0 0 2025 Total £ 0 8,749 0 8,749 Outgoing resources £ 0 3,784 3,784	2024 Total £ 0 0 2024 Total £ 1,664 1,030 3,216 950 592 173 88 7,713 2024 Total £ 0 0 2024 £ 0 0 2024 £ 0 0 2024 Total £ 0 5,051 0 5,051 Balance at 31 March 843 7,906 8,749

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