Charity Number: 1154746 Company number: 08774687
Year Ended 31st March 2025
ANGLIAN COMMUNITY TRUST (ACT)
CONTENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Statement of financial activities | 2 |
| Balance sheet | 3 |
| Notes to the financial statements | 4-6 |
| Independent examiner's report | 7 |
ANGLIAN COMMUNITY TRUST (ACT) DRAFT AS AT 24/09/13 LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025
The directors, who are also the trustees, present their report and financial statements for the period ended 31st March 2025. The directors have adopted the provisions of the statement of recommended practice (SORP) “Accounting and Reporting by charities”.
REFERENCE AND ADMINISTRATIVE INFORMATION
| Charity Name | Anglian Community Trust (ACT) | |
|---|---|---|
| Charity number | 1154746 | |
| Company number | 08774687 | |
| Registered address | Winsleys House | |
| High Street | ||
| Colchester, Essex | ||
| CO1 1UG | ||
| Directors/Trustees | ||
| Michael Pollington | Chairperson | |
| Frank Sims | ||
| David Sollis | ||
| Julie Young | ||
| Michael Gill | ||
| Independent Examiners | ||
| Community360 | ||
| Winsleys House | ||
| High Street | ||
| CO1 1UG | ||
| Bankers | Unity Trust Bank plc | |
| Four Brindleyplace | ||
| Birmingham | ||
| B1 2HB |
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ANGLIAN COMMUNITY TRUST (ACT)
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2025
| Note Income and endowments from: Other income Income from investments 3 Total income and endowments Expenditure on: Charitable activities 4 Total resources expended Net income/(expenditure) Gains/(losses) on investment assets Net income Fund balances at 31 March 2024 Fund balances at 31 March 2025 |
Unrestricted Total £ 130,000 9,340 |
2025 Total £ 130,000 9,340 |
Unrestricted 2024 Total Total £ £ - - 10,898 10,898 10,898 10,898 41,479 41,479 41,479 41,479 124,411 124,411 93,830 93,830 2,272,709 2,272,709 2,366,539 2,366,539 (30,581) (30,581) |
|---|---|---|---|
| 139,340 54,686 |
139,340 54,686 |
||
| 54,686 | 54,686 | ||
| 70,048 84,654 |
70,048 84,654 |
||
| 154,702 2,366,539 |
154,702 2,366,539 |
||
| 2,521,241 | 2,521,241 |
Notes on pages 4-6 form part of these accounts.
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ANGLIAN COMMUNITY TRUST (ACT)
BALANCE SHEET AS AT 31 MARCH 2025
| Note | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Debtors | 5 | - | - |
| Bank balances | 216,674 | 482,330 | |
| Investments | 2,304,567 | 1,884,519 | |
| 2,521,241 | 2,366,849 | ||
| Current Liabilities | |||
| Creditors, amounts falling due within on year | 6 | - | 310 |
| Net current assets | 2,521,241 | 2,366,539 | |
| Total assets | 2,521,241 | 2,366,539 | |
| Unrestricted funds | 2,521,241 | 2,366,539 | |
| 2,521,241 | 2,366,539 |
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies regime.
The directors declare that they have approved the accounts above on:
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Michael Pollington Date 30/01/2026
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ANGLIAN COMMUNITY TRUST (ACT)
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 year and in the proceeding year.
Accounting convention
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The charitable company 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 accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity is entitled to income and the amount can be quantified with reasonable accuracy.
• Voluntary income is received by way of grants and donations and is included in full in the Statement of Financial Activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
• Investment income is included when receivable.
Resources expended
• Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis.
• Grants payable are payments made to third parties in the furtherance of the charitable objectives of the company. Grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agree to pay the grant without condition or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside the control of the charity
• Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about the timing of the grant.
• Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and included accountancy and costs linked to the strategic management of the charity.
Going Concern
The charity is operating on a going concern basis.
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ANGLIAN COMMUNITY TRUST (ACT)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Trustees are required to make judgements, estimated and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
the estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
There are no critical accounting estimates or judgements in the financial statements.
2. Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| 3. Investment income Interest and dividends 4. Total resources expended Donations, grants & sponsorship IT expenditure Legal & Professional Promotion expenses Miscellaneous Consultancy Insurance Bank charges Governance costs Audit fee |
Unrestricted £ 9,340 |
2025 £ 9,340 |
Unrestricted £ 10,898 |
2024 £ 10,898 |
|---|---|---|---|---|
| Unrestricted £ 30,800 - 10,614 - - 11,911 1,290 71 |
2025 £ 30,800 - 10,614 - - 11,911 1,290 71 |
Unrestricted £ 12,350 - 15,030 - 146 12,062 1,509 72 |
2024 £ 12,350 - 15,030 - 146 12,062 1,509 72 |
|
| 54,686 | 54,686 | 41,169 | 41,169 | |
| - | - | 310 | 310 | |
| 54,686 | 54,686 | 41,479 | 41,479 |
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ANGLIAN COMMUNITY TRUST (ACT)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| 5. | Current assets | 2025 | 2024 | |
|---|---|---|---|---|
| £ | £ | |||
| Prepayments | - | - | ||
| - | - | |||
| 6. | Creditors; amounts falling due within one year | 2025 | 2024 | |
| £ | £ | |||
| Accruals | - | 310 | ||
| - | 310 |
7. Trustees
None of the Trustees received any remuneration during the year.
8. Trustees Remuneration
No trustee received any remuneration during the year.
9. Related Party Transactions
No trustee or other person related to the charity had any personal interest in any transaction entered into by the charity during the year.
Frank Sims, a trustee of ACT was the CEO of ACE who donated the £2,317,000 to ACT but has no personal interest in this transaction.
10. Taxation
No charge to corporation tax arises as the company is registered as a charity and is exempt under s505 of the Income and Corporation Taxes Act 1988.
11. Average number of employees
| 2025 £ Nil |
2024 £ Nil |
|---|---|
| Nil | Nil |
12. Legal form of the charity
Anglian Community Trust is a private company limited by guarantee, incorporated in England.
| Investments UK investments are held as follows - Market value as at 31 March 2024 Transfers in/out Increase/(decrease) in value Market value as at 31 March 2025 |
2025 £ 1,884,519 350,000 70,048 |
2024 £ 1,760,108 - 124,411 |
|---|---|---|
| 2,304,567 | 1,884,519 |
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ANGLIAN COMMUNITY TRUST (ACT)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025
I report on the accounts of Anglian Community Trust (ACT) for the year ended 31 March 2025 which are set out on pages 2 to 6.
Respective responsibilities of trustees and examiner
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts under section 145 of the Charities Act,
-
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
-
To state whether particular matters have come to my attention.
Basis of independent examiner’s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 includes considerations 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 audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair' view which is not a matter considered as part of an independent examination.
I 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 accounts to be reached.
David Courtier FMAAT AATQB for and on behalf of:
Community360 Date
31/01/2026
Winsley’s House, High Street, Colchester, Essex
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