## **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|
|---|---|---|
Page 6