REGISTERED COMPANY NUMBER: 08640332 (Engla￿d and Wales) REGISTERED CHARITY NUMBER: 1155631 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE HALSTEAD COMMUNITY CENTRE CHAIUTABLE COMPANY Seago and Stopps Chartered Certified Accountants 61 Station Road Sudbury Suffolk COIO 2SP THE HALSTEAD COMMUNITY CEiYfRE CHARITABLE COMPANY CONTENTS OF THE FINANCIAL STATEMEP4TS FOR THE YEAR EM)ED 31 DECEMBER 2024 Page Report of the Trustees Independent ELqminer's Report Statement of Finaneial Activities Balance Sheet 5 to 6 Notes to the FAnancial Statements 7 to 11 Detsiled Statement of FinaDcial Activitie5 12 THE HALSTEAD COMMUNITY CENTRE CHARITABLE COl￿PANy REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The tn￿teeS who are also directors of the charity for the purposes of the Compani¢s Act 2006, present their rewrt with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the PTovisions of Awounting and Reporting by Charities: Statement of Recommended Practicc applicable to charities preparing their accounts in accordance with the Financial RetK>rtipg Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlvc l January 2019). ORJECTIVES AND ACTIVJTIES Objectives and aims The aims and objectiv¢s of the Charity are to pmvide a new Community Building which will include facilities for educatio￿ Inforn￿tIOffj economic developm¢nL sport and remtion. This new Community hub will go a very long way to meet the need of the resid¢nts of Halstead and the surround area and ensure that Halstead is a sustainable, vibrant and thriving place to live. The new building will be the focal point of th¢ town and will act as a community hub or 'one stop shop, for people of all ages. Its aim is to meet the needs of the wider community now and into the foreseeable future. It will be designed to incorporate state of the art energy effLciency measures and renewable technologies to ensure that it minimises its running costs and is financially sustainable. CurreDt status Pr¢sently, the Tnjstees are in conversation with the landowners agents Savills. These, the Environmental Agency, together with other agencies have advised and rq)orted on the present condition of contamihation on the land and continue to monitor. All aTe W0￿}ng with the Tntstees to find a solution to the costs relating to the decontamination. STRUCTURE, GOVERNANCÈ AM) MANAGEMENT Governing document The charity is controlled by its governing documenL a deed of trust, and constAtut¢s a limited company, limited by guarante4 &8 defined by the Companie3 Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Colnpany nujnber 08640332 (England and Wales) Registered Charity number 1155631 RegRstered office 7 Highftelds Halstead Ess¢x C09 INH Trustees Mrs J M Abrams BEDay MsJAPell Ms J M Smith R J Marfi¢et R Iles resigned as a trustee on 30 September 2024, Page I THE HALSTEAD COMMUNITY CENTRE CHARITABLE COMPANY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMIIYISTRATIVE DETAtLS Independent Examiner S￿0 and Stopps Charternl Certified ACCOUnL￿ts 61 Station Road Sudbury Suffolk COIO 2SP Solicitors Greene and Greene 80 Guildhall Street Bury St Edmunds Suffolk IP33 IQB This rq￿rt I￿en prepared in accordance with thc specia] provisions of Part 15 of the Companies Act 2006 relating to small wmpanies. Approved by ordw of the tK)ard oftrustecs on ............ d signed on its behalf by: Ms J M Smith- Trustee Page 2 INDEPENDENT EXA1￿[NER's REPORT TO THE TRUSTEES OF THE HALSTEAD COMMUNITY CENTRE CHARITABLE COMPANY Independent exatniner's re￿Irt to the trustees of The Halstead Community Centre Charitable Company ('the Company,) I re￿rt to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and basis of report As the charity's tn￿e¢S of thc Company (and also its directors for the pUr￿)SeS of company law) you are responsible for th¢ Preparation of the ￿OUnts in accordance with the requirements of the Companies Act 21)06 Cthe 2006 ACV). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinatio￿ I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 Cthe 2011 ACV). In carying out my examination I hav¢ followed the Directions given by the Charity Commission under Seclion 145{5) (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirn] that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of th¢ Company as required by Section 386 of the 2(X)6 the accounts do not accord with those records; or the a¢counts do not comply with the accounting requircm¢nts of Section 396 of the 2006 Act other than any reqUI￿rnent that the accounts give a true and fair view which is not a matter conSide￿d &$ part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and ￿pOrting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of tr¢land (FRS 102)). I have no con￿m5 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 accounts to be reached. Andrew Stopps FCCA A Seago and Stopps Chartered Certified Accountanls 61 Station Road Sudbury Suffolk COIO 2SP Page 3 THE HALSTEAD COMMUNITY CENTRE CHARJTABLE COMPANY BALANCE SHEET 31 DECEMBER 2024 31.12.24 Unrestricted fund 31.12.23 Total funds Notes FIXED ASSETS Tangible 18sets 193,016 160,020 CURRENT ASSETS Debtors Cash at bank 6,004 662,683 461 452,573 668,687 453,034 CREDITORS Amounts falling due within one year {829) (800) NET CURRENT ASSETS 667,858 452,234 TOTAL ASSETS LESS CURRENT LIABILITIES 860,874 612,254 NET ASSETS 860,874 612,254 FUNDS Unrestricted funds 860,874 612,254 TOTAL FUNDS 860,874 612,254 The charitable compally is entitled to exemption from audit under Section 477 of the Companies Act 2006 for th¢ year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trILstees acknowledge their responsibilities for (a) ¢nsuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing fllwkcial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each fmancial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of th¢ Companies Act 2006 relatlAg to fEnancial ststements, so far &8 applicable to the charitable company. The notes fonn part of these fJnan¢ial statements Page 5 (xintinued... THE HALSTEAD COMMUNITY CENTRE CHAIUTABLE COMPANY BALANCE SHEET - continued 31 DECEMBER 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small compatiies regime. Th financial stat were apptoved by the Board of Tn]stees and authorised for issue on and were signed on its behalf by.. J M Smith - Tr￿stee B E Day - Trustee The notes forni part of these financial statwients Page 6 THE HALSTEAD COMMUNITY CENTRE CHARITABLE COMPANY IYOTES TO THE FINANCIAL STATEMEiYrs FOR THE YEAR EIYDÈD 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial stat¢m¢nts of the charitable company, which is a public benefit cntity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chaTlti¢s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting StandaTd 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The finaTJcial statements have been preparcd under the historical cost convention. Ineome All income is reco￿liSed in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure LiabilAties are recognised as eX￿ndItUre as soon as there is a legal or constructive obligation Committing the charity to that expenditure, it is probable that a transfer of economic benefits will be Tequired in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs camiot be directly attnl)uted to particular headings they have been allocated to activities on a b&sis consistent with the use of resources. Allocation and apportionment of costs Costs are allocated and apportioned wTrthin the SOFA in accordance with the type of cost incurred and to the fund (restricted or UfLrestricted) to which the cost relates. Tangible fixed assets Depreciation is provided at the following annual rdtes in order to write off each asset over its ¢stimated useful life. Computer equipment 33% onwst Ta%atioD The charity is exempt from corporation tax on its charitsble activities. Fund accounting Unrestricted funds can be used in &¢ordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within th¢ objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restrict Further explanation of the nature and pu￿ of each fund is included in th¢ notes to the financial statements. Page 7 continu￿... THE HALSTEAD COMMUNITY CENTRE CHARITABLE COMPANY NOTES T() THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no tnjstees, remuneration or other benefits for the year ended 31 December 2024 nor for the year end¢d 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcrIvrTIES Unrestricted fund EXPENDITURE ON Other NET IIYCOMEI(EXPÈNDITURE) (1,807) RECOlYc￿IATION OF FUNDS Total funds brought forward 614,061 TOTAL FUNDS CARIUED FORWARD 612,254 TANGIBLE FKXED ASSETS Freehold propety Computer equipment Totals COST At l January 2024 Additions 160,020 390 160,410 32,996 At 31 December 2024 193,016 390 193,406 DEPRECIATION At l January 2024 and 31 December 2024 390 390 IYET BOOK VALUE At 31 December 2024 193,016 193,016 At 31 December 2023 160 020 160,020 Page 8 ontinue