Bagworth Community Centre Trust (2013) Limited Report and Flnanclal Statements For the year ended 318t March 2025 Reglstered Charlty number: 1155947 WorkingW8ek Limited 2west End Barlestone Warwickshire CV13 OEJ
Bagworth Community Centre Trust (2013> Limited Report and Financial Statements Forthe year ended 31 March 2025 Contents Page Report of the Trustees Report of the Independent Examiner Statement of Financi8 l Activities Balan¢e Sheet Notes to the Financial Statements
Bagworth Cornmunity Centre Trust (2013) Limited Report of the Trustees Forthe year ended 31" Mareh 2025 The Trustees presenttheir reporttogetherwith the financial statements ofthe charityforthe year ended 31" Narch 2025 Organlsatlonalstru¢ture The Company was established under a M8mor8ndum of Association which 8St8blished the objects and powers of the charitable company and is govèrned under its Articles of Assoclation. The organisation a charitable company limited by guarantee, incorporated on 3 April 2013 and registered as a charityon 27 February 2014. The companywas establishecj under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Associ8tion. In the event of the company beingwound up members are required to contrlbute an amount not exceeding E1. Governance and Management The Trust has four Directors plus a small number of volunteers who regularly attend and participate in Trust leadership meetings, known as Management Committee Meetings, and events. There 18 8 good mix of user group representatives, business Skills and social diversity within the Commlttee. Notlces promoting the Trust's work 8re displayed in the building and 8nyone who Is interested in supporting our work is invited to become more involved. Expressions of interest to be a Dlrector 8re welcomed and prospective Trustees 8re appointed by the existing Board of Directors following the procedures detailed in paragraphs 33-35 of the Articles of Association. All members of the Management Commlttee give thelr tlme voluntarily and receive no benefits from the charity. The Trust's annual accounts are reviewed by an independent person In th8 interests of tr8nsparency. The Community Centre building, which the Trust was establlshed to run 8nd operate, is owned by Bagworth and Thornton Perish Council. The Trust leases the buildlng for the sum of E1 peryear under 8 6-year agreement. The Trust is msnaged entirely independently of the Parish Councll, Objectives and actlvltles Our charity's purpose as set out In the objects contained in the Company's memorandum of sssociation are specifically restrlcted to the following: (11 To further or benefit the residents of Bagworth and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opin ions by associating together the said residents and the local authorities, voluntary and other org8nisations In a common effort to gdvance education and to provide facilities in the interests of socia I welfare for recreation leisure time occupation with the objective of improving the conditions of lifo for the residents. In furtherance of these objects but not otherwise, the trustees shall have power: 12) To establish or secure the establishment of a communitycentre and to maintain or manage or co-oper8te with any st8tutory authority In the maintenance and management of such a centre for activities promoted by the Charity in furtherance of the above objects. The Trust continued to make the Cornrnunity Centre available for the use of villagers Irom B8gworth, Thornton, Merry Lees and the surrounding 8rea.
Bagworth Community Centre Trust (2013) Limited Report of the Trustees For the year ended 31" March 2025 The Trustees continued to promote the Centre as a venue for privat8 use with regular editorial in the local press and on ourwebsite and social media pages. A preschool operates from the Centre, providing a popular essenti81 service to local youngsters. A number of clesses are held at the Community Centre by third parties including stay and play and sign language groups for young children, dancing classes for children and 8dults, marti81 arts, drama, yoga and wellness and others. In addition, there Is 8 regular drop-in social group for retired people and the local br8nch of the Women's Institute hold their meetings at the Cornmunity Centr8 once a month. The Halls are also popularwith locals wishingto hold one-off personal events. We continue to work with Forever Savvy, who provide work experlence for adults wlth learnlng diff iculties, They open the coffee shop every weekday and the number of regular customers has continued to increase. A¢hlevements and Performance Booklngs have continued to rise during the year, demonstrating the importance of this centre to the local communlty, The Trust continue to control operatlng and 8dministrative expenses as much as possible, although energy price increased and repairs and mainten8nce h8ve considerably affected the business. The trustees confirm th8t they have paid due regard to Charity Commission guldance on publlc benefit in deciding what activities to undertak8. Flnancial review The Trust h8s a Reserves policy in place. 'Maintenance this fund hes been created to cover the costs of redecorating the inside of the Centre within 5years, as required by the building lease. The target for this fund within that period is 85000. General the charity has acknowledged the fact that a general reserve should be held to cover unexpected expenses and cash flow timings. The general reserve is deemed suff icient to cover this risk. Reserves policy The Trust has a Aeserves policy in place. 'Maintenance this fund has been created to coverthe costs of redecoratingthe inside of the Centre within 5years, as required bythe building lease. The target for thls fund within that period is 85000. General-the charlty has acknowledged the fect that a general reserve should be held to cover unexpected expenses and cash flow timings. The general reserve is deemed sufficient to cover this risk.
Bagworth Community Centre Trust {2013) Limited Report otthe Trustees For the year ended 31" March 2025 Future developments Fundraising and funding Bagworth and Thornton Parish Council will continue to make a substantial contribution towards the overheads of the Centre as part of its remit to facilitate community cohesion. The Trust has no reason to believe that Bagworth and Thornton Parish Council will not continue to contiibute to the overheads of the Centie in the foreseeable future. Investment policy The Trust did not make any investments over the reporting period. All funds generated are used to improve the facilities for Centre users. Trustees The trustees holding off ice duringthe whole year unless otherwise stated were as follows., Robert Austin Robert Miles Harold Corrigan- appolnted 13" December 2024 Trustees, responslblutles In relatlon to the flnanclal statements L8w applicable to charitles in England and Wales requires the trustees to prepare Yinanciel statements foi each financial year which give a true and fair view of the charity's financial activities during the year and of its f inanci81 positlon at the end of the year. In prep8 ring those financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently. make judgments and estimates that are r88sonabl8 and prudent. state whether appllcable accounting standards and statements of recommended practice have been followed subject to any departures dlsclosed and explained in the fin8nclal statements,. and prepare the financial statements on the golng concern b8sls unless It is Inapproprlate to presume that the charitywill continue in business. The trustees 8re responsible for keeping accounting records which disclose with reasonable 8ccur8cy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011.They are also responsible for safeguarding the assets of the charlty and hence for taking reasonable steps for the preventlon and detection of f raud and other i rregularities. Approved by the trustees on , and signed on their behelf by Har Idco Trustee
Independent ExamTner's Report to the Trustees of Bagworth Community Centre Trust {2013) Limited I report on the accounts of B8gworth Community Centre Trust (2013) Limited for the year ended 31" March 2025, which comprise the statement of financial activities, the balance sheet and the reLated notes. Respective responsibilities ottrustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees considerth8tan audit is not required forthisyear undeT section 144of the CharitiesAct2011 Ithe Charities Act) and that an independent examination is needed. It is my responslbilltyto: examine the accounts under section 145 of the Charities Act; to follow the procedures laid down in the general Directions given by the Charity Commission lundersectlon 145{5} Ibl ofthe Charities Act); and to state whether p8rticular matters have come to my attention. Ba81s of independent examiner's roport My ex8minatlon was carried out in accordance with the Gener81 Dir8Ction8 given by the Ch8rlty Commission. An examination includes a review of the accounting records kept bythe charity and comparison ofthe accounts presented with those records, It 81s0 includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertakèn do not provlde all the evidence th8t would be required in an audit. and consequently no opinion Is given as to whether the accounts present a 'true and fair, view and th8 r8port is 1Smlted to those matters set out in the statement below. Independent examlner's statement In connection wlth my examin8tlon, no matter hes come to my attention: whlch gives me reasonable cause to believe that In any material respectthe requirements to keep accounting records in accordance with section 130of the 2011 Act,, and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Ch8rities Act have not been met; or 2. to which, in my opinion, att8ntion should be drawn in order to enable a proper understanding ofthe financial statements to be reached. Marzena Wright 2 West End Barlestone Warwickshire CV13 OEJ Date: 31.12 Ic21
Bagworth Community Centre Trust (20131 Lirnited Statement of Financial AGtivities For the year ended 31" Mar¢h 2025 Notes 2025 2024 Un restricted Restricted Income Donations 5,777 Income frorn charitable activities Total Income Expenditure Raisingfunds Charitable Activities Total Expanditure Net Incomel(Expendlture) 1,888 -31,628 Total Funds Brought Forward 4,370 Total Funds Carrled Forward
The notes form part of these financial 3t8tements Bagworth Communlty Centre Trust (2013) Llmited Balance Sheet 31 March 2025 Notes 2025 2024 Flxed assets Tangible assets 677 2,489 Currant assets Debtors Cash at bank and in hand 4,595 4,735 16,980 11.103 Creditors: Amounts f811ing due wlthin one year 5,599 3,422 Net current asset8 11,381 Total a888ts less current liabilities Funds Unrestricted end Designated 6,258 4,370 Restricted 5,800 5,800 Approved by the Trustees on.. .and signed on their behalf by Har Id Corr Trustee The notes form part of these financial statements
Bagworth Comrnunlty Centre Trust (2013) Limited Notes to the FinanGial Staternents For the year ended 31" March 2025 1.Accountlng Pollcles The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Stgtement of Recommended Pr8¢tice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard for Smaller Entities published on 16July 2014 8nd the Flnancial Reporting Standard for Smaller Entities (effective April 2015). a) Accountlng convention The fin8ncial statements are prepared under the historical cost convention, and on 8 going concern basis. b) Inoome recognition Income is recognised in the period to which it relates. ¢1 Expandlture Expenditure is accounted for as It becomes due 8nd has been allocated to actlvltles on a basis conslstent wlth the use of resources. d} Tangible fixed assets Tangible flxed assots are stated In the balence sheet at thelr acquisltion cost less accumulated depreciation. Depreciation is provided on all tangible fixed assets. to wrlte of the cost L8SS estimated residual value of each asset over its expected useful life 8s follows: Plant and Machinery- 25% on cost Fixture and fittings 25 % on cost - Computerequipment-25% on cost e) Taxatlon The activities of the charity are exempt from taxation on the net incoming resources. f) Funds Unrestricted funds are av8ilable to be used for purposes within the objects of the charity at the discretion of the trustees. Restricted funds can only be used for specific restricted purposes within the objects of the Charity. The restrictions are specified by the donor or when funds are raised for particular restricted purposes. 2.Donation- income 2024 2024 Donations and Legacies 5.777
Bagworth Community Centre Trust12013) Llmlted Notes to the Financial Statements (contlnuedl Forthe year ended 31" March 2025 3. Income from the charltable actlvltles: 2025 2024 offee Shop Room hire 4,064 3,705 4. Expenditures of Charitable actlvltles 2025 2024 Purchases 1,987 2,122 Electric, gas, water 9,979 24.752 Wages 19,576 15,767 Telephone 499 420 Licences and insurance 890 1,178 Repairs and renewals 2,077 11,528 Household and cleaning 4,622 3,877 Software & IT 1,e25 2,072 Accountancy 1,368 1,080 Subscriptions 505 339 Depreciation 5. Staff costs Wages 2025 2024 Wages 19,576 15,767 The 9verage number of employees during the ye8r wes 2
Bagworth Communlty Centre Trust (20131 Limited Notes to the Flnancial Statements (continued) Forthe year ended 31°, March 2025 6. TangSble flxed assets Plant and Machinery Fixture and fittings Computer equipment Totals COST At 1 April 2024 Additions At 31 March 2025 2,942 6,200 1,049 10,191 DEPRECIATION At 1 April 2024 Charge foryear At 31 March 2025 2,942 4,563 197 7,702 NET BOOKVALUE At 31 March 2025 At 31 March 2024 7. Debtors: Amounts falling due wlthln one year 2025 2024 Trade debtors Other debtors 3,324 2,922 8. Credltors: Amounts falllng due within one year 2025 2024 Trade creditors Taxation and soci81 security Other creditors 2,830 1,004 1,449 26 9. Analysls of net assets arnongfunds Unrestrlcted Re8triGtgd Total Tengible Fixed Assets Cash at bank Other current assets Cuirent liabilities 677 6.585 4,595 677 12,385 4,595 5.800