REGISTERED COMPANY NUMBER: 07461177 (England and Wales) REGISTERED CHARITY NUMBER: 1156393
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
CHASE MEADOW COMMUNITY CENTRE LTD
CHASE MEADOW COMMUNITY CENTRE LTD
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 15 |
| Detailed Statement of Financial Activities | 16 |
CHASE MEADOW COMMUNITY CENTRE LTD
REPORT OF THE TRUSTEES for the year ended 31 December 2024
Chase Meadow Community Centre (CMCC)
Annual Report 2024
A reflection on our achievements, impact, and direction for the future
Introduction
This year has been one of growth, resilience, and deepened community connection. CMCC has continued to deliver its core program of support while expanding its reach to ensure inclusivity and accessibility for all. Our mission remains clear: to provide a welcoming space where individuals and families can connect, thrive, and find support.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Ensuring Our Work Delivers Our Aims
We regularly review our aims and activities to ensure they align with our charitable objectives. Trustees assess outcomes and public benefit annually, helping us stay focused and responsive to community needs.
Focus of Our Work
Since opening in 2013, CMCC has grown into a vibrant hub. In 2024, we worked to: o Identify and address gaps in provision
o Attract a more diverse range of users
o Maintain a sustainable and inclusive space
Significant activities
Partnerships
2024 has seen us continue to grow partnerships with a variety of organisations. Our main partner continues to be St Michael's Church who provide a range of services such as Mini Meadows Toddler Group and Make Lunch Holiday Hunger sessions from Chase Meadow Community Centre. Other partnerships of note are:
o The Gap who provide Youth Clubs and with whom we have expanded our partnership work to include resident support in West Warwick
o Transforming Communities Together Warwick, through whom we are able to deliver Your Farmer Mobile Supermarket and our monthly Bereavement Group.
o Warwickshire County Council Adult Learning Team, who have delivered cooking courses, parenting support and other adult learning to residents.
Room Hire and Revenue
CMCC offers flexible spaces for:
o Parties
o Corporate training
o Weekly clubs and activities
This accounts for approximately 60% of our annual income. Weekly footfall exceeds 700 people, with consistently positive feedback.
Sustainability and Future Plans
We have applied for funding to install solar panels in 2025-demonstrating our commitment to: o Reducing emissions
o Lowering energy costs
o Promoting environmental responsibility
Page 1
CHASE MEADOW COMMUNITY CENTRE LTD
REPORT OF THE TRUSTEES for the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE
Community Groups and Activities Group Name
Description and Impact
Weekly singing for wellbeing; 40+ attendees; strong links with social Sing For Joy prescribers Diamond Club & Fitness Thriving social and fitness groups; 15-25 attendees; lasting friendships formed The Crafting Tree Weekly crafting group raises funds for local and international charities Wellbeing Walks Inclusive walks; 40+ participants; fosters new friendships and engagement Up to 20 attendees weekly across 2 age groups, providing positive Chase Meadow Youth Club relationships for young people in our communities Bereavement Support Small, supportive group; attendees report high emotional benefit Friendship Fridays Monthly lunch club for adults; homemade meals and informal social setting
Food and Social Support
Community Fridge
Runs weekly, offering: o Low-cost food o Toiletries and cleaning products
o Referrals to support services (e.g., Act on Energy, Citizen's Advice)
Our team also:
o Delivered groceries to housebound individuals o Provided beds and essentials to families in need
o Supported refugee families in temporary housing o Supported homeless residents and those in crisis
Events and Fundraisers
In 2024, we hosted: o Spring Fun Day o Summer Fayre o Halloween Disco
o Christmas Fayre (our busiest yet!)
We also ran a Christmas Pop-Up Shop, ensuring every child received a gift-thanks to generous donations and tireless volunteers.
Looking Ahead
In 2025, we aim to:
o Expand outreach in West Warwick
o Launch dementia-friendly programming
o Install solar panels and reduce energy costs
o Continue building an inclusive, welcoming space for all
Page 2
CHASE MEADOW COMMUNITY CENTRE LTD
REPORT OF THE TRUSTEES for the year ended 31 December 2024
FINANCIAL REVIEW
Financial position
The charity continues to operate with careful and proactive financial management, led by the Centre Manager and supported by a small but dedicated team of volunteers.
Total income for the year was £131,954 (2023: £137,118), while total expenditure amounted to £129,312 (2023: £109,518), resulting in a modest surplus of £2,642 (2023: £27,600). Increased expenditure can be attributed to rising costs in almost all areas; staff costs, energy, materials, maintenance and contracts.
We have taken deliberate steps to control costs and increase income, as outlined in our Reserves Policy. In addition, we are actively exploring long-term sustainability measures-most notably, the installation of solar panels-to address rising energy costs and demonstrate our environmental commitment to the local community.
Despite the natural increase in maintenance needs as the building ages, we remain confident that the measures implemented and planned will enable the Centre to continue operating at break-even through 2024 and beyond.
Principal funding sources
Our primary source of income remains space hire fees, which include bookings for parties, training sessions, and regular community activities.
Investment policy and objectives
The Management Committee maintains a designated 'sinking fund' of £5,000 to support the medium- to long-term upkeep of the building. This is supplemented by a matched contribution of £600 from St Michael's Church. Reserves Policy
Reserves policy
The charity's policy is to maintain unrestricted reserves equivalent to three to six months of budgeted expenditure. For 2024, with a budgeted spend of £80,000, our target reserve range was £20,000 to £40,000-a target that has been consistently met.
Thanks to increased hires and prudent financial oversight, the Centre's financial outlook remains positive. However, we remain vigilant. As the building continues to age, we anticipate higher maintenance costs, which could place pressure on reserves. We are confident that the steps taken this year will allow us to maintain financial flexibility while continuing essential works.
Notably, some hirers now continue their bookings through school holidays, providing significant community benefit and contributing to our financial resilience.
Looking ahead, we are confident that with continued careful management, the Centre will remain financially stable and break even by the end of 2025, even as we plan for further maintenance and refurbishment.
FUTURE PLANS
Subject to securing appropriate funding, the charity intends to continue delivering its core activities in the coming years.
Our priorities include:
o Increasing daytime room hire, particularly during underutilised periods
o Expanding usage during school holidays through funded programming
o Collaborating with other local charities and community centres to share services and reduce costs o Growing our timetable of support groups
o Enhancing individualised support for community members
o Increasing volunteering opportunities, especially through the appointment of a Volunteer Coordinator, which we were able to do in October 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 3
CHASE MEADOW COMMUNITY CENTRE LTD
REPORT OF THE TRUSTEES for the year ended 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees
The directors of the company also serve as charity trustees under charity law and are referred to as members of the Management Committee.
In accordance with the Memorandum and Articles of Association, trustees are elected to serve for a term of three years, after which they must stand for re-election at the Annual General Meeting. All trustees serve voluntarily and receive no financial benefit from the charity.
Organisational structure
The Management Committee meets at least bi-monthly and are responsible for the strategic direction and governance of the charity. The Committee currently comprises seven members, each bringing valuable expertise from a range of professional backgrounds relevant to the Centre's work.
Induction and training of new trustees
All trustees are familiar with the day-to-day operations of the charity and are actively engaged in its practical work. New trustees are supported through informal induction and ongoing engagement with the Centre's activities.
Risk management
The trustees are committed to identifying and managing risks across all areas of the charity's operations. Systems and procedures are in place to mitigate risks and provide reasonable assurance against fraud and error.
A rolling plan ensures compliance with health and safety regulations for staff, volunteers, clients, and visitors. Risk assessments and safety protocols are regularly reviewed and updated to reflect best practice.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07461177 (England and Wales)
Registered Charity number
1156393
Registered office
Chase Meadow Community Centre Narrow Hall Meadow Warwick CV34 6BT
Trustees
A Bishop Mrs A Wilkins F Dahlmann L C M Bartlett
Approved by order of the board of trustees on 17 September 2025 and signed on its behalf by:
F Dahlmann - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHASE MEADOW COMMUNITY CENTRE LTD
Independent examiner's report to the trustees of Chase Meadow Community Centre Ltd ('the Company')
I report 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 trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
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 examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm 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 the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns 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.
Gregg Olner MPhil BA (Hons) FCA
17 September 2025
Page 5
CHASE MEADOW COMMUNITY CENTRE LTD
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 75,589 Other trading activities 4 8,979 Other income - Total 84,568 EXPENDITURE ON Raising funds 5 2,789 Charitable activities Cost of generating voluntary income 68,011 Other resources 41,623 Total 112,423 NET INCOME/(EXPENDITURE) (27,855) Transfers between funds 15 23,888 Net movement in funds (3,967) RECONCILIATION OF FUNDS Total funds brought forward 111,276 TOTAL FUNDS CARRIED FORWARD 107,309 |
Restricted funds £ 46,699 - 687 47,386 3,600 10,809 2,480 16,889 30,497 (23,888) 6,609 56,651 63,260 |
2024 Total funds £ 122,288 8,979 687 131,954 6,389 78,820 44,103 129,312 2,642 - 2,642 167,927 170,569 |
2023 Total funds £ 126,921 9,866 331 |
|---|---|---|---|
| 137,118 | |||
| 6,061 62,395 41,062 |
|||
| 109,518 | |||
| 27,600 - |
|||
| 27,600 140,327 |
|||
| 167,927 |
The notes form part of these financial statements
Page 6
CHASE MEADOW COMMUNITY CENTRE LTD
BALANCE SHEET 31 December 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 11 35,796 CURRENT ASSETS Debtors 12 2,042 Prepayments and accrued income 818 Cash at bank 70,144 73,004 CREDITORS Amounts falling due within one year 13 (1,441) NET CURRENT ASSETS 71,563 TOTAL ASSETS LESS CURRENT LIABILITIES 107,359 CREDITORS Amounts falling due after more than one year 14 (50) NET ASSETS 107,309 FUNDS 15 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 6,758 5,000 5,276 51,808 62,084 - 62,084 68,842 (5,582) 63,260 |
2024 Total funds £ 42,554 7,042 6,094 121,952 135,088 (1,441) 133,647 176,201 (5,632) 170,569 107,309 63,260 170,569 |
2023 Total funds £ 47,727 5,000 818 121,454 127,272 (1,490) 125,782 173,509 (5,582) 167,927 111,276 56,651 167,927 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the 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 trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial 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 the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
CHASE MEADOW COMMUNITY CENTRE LTD
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 companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 17 September 2025 and were signed on its behalf by:
F Dahlmann - Trustee
The notes form part of these financial statements
Page 8
CHASE MEADOW COMMUNITY CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024
1. COMPANY STATUS
The charity is a company limited by guarantee and incorporated in England and Wales. The members of the company are the trustees who are also the directors. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The charitable company's registered numbers and registered office address can be found in the Report of the Trustees.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity 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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.
Income
All income is recognised 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
Donations are 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.
Expenditure
Liabilities are recognised as expenditure 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 required 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 cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for the beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include costs linked to the strategic management of the charity.
Irrecoverable VAT is charged as a cost against the act for which the expenditure is incurred.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance Fixtures and fittings - 20% on cost and Straight line over 5 years Computer equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
continued...
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CHASE MEADOW COMMUNITY CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
2. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
3. DONATIONS AND LEGACIES
| Hall hire Donations 4. OTHER TRADING ACTIVITIES Fundraising events Cafe income 5. RAISING FUNDS Raising donations and legacies Support costs |
2024 £ 75,193 47,095 122,288 2024 £ 965 8,014 8,979 2024 £ 1,125 |
2023 £ 76,405 50,516 |
|---|---|---|
| 126,921 | ||
| 2023 £ 1,402 8,464 9,866 2023 £ - |
continued...
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CHASE MEADOW COMMUNITY CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
6. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Raising donations and legacies | 1,125 | - | 1,125 |
| Other resources | 472 | 2,750 | 3,222 |
| 1,597 | 2,750 | 4,347 |
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 12,735 | 14,242 |
| Other operating leases | 10,465 | 6,712 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 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.
9. AVERAGE NUMBER OF EMPLOYEES
During the year the average number of employees was 6 (2023 - 4).
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 102,237 Other trading activities 9,711 Other income 331 Total 112,279 EXPENDITURE ON Raising funds 4,154 Charitable activities Cost of generating voluntary income 62,395 Other resources 35,582 Total 102,131 NET INCOME 10,148 |
Restricted funds £ 24,684 155 - 24,839 1,907 - 5,480 7,387 17,452 |
Total funds £ 126,921 9,866 331 |
|---|---|---|
| 137,118 | ||
| 6,061 62,395 41,062 |
||
| 109,518 | ||
| 27,600 |
continued...
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CHASE MEADOW COMMUNITY CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
| 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ Transfers between funds (39,199) 39,199 Net movement in funds (29,051) 56,651 RECONCILIATION OF FUNDS Total funds brought forward 140,327 - TOTAL FUNDS CARRIED FORWARD 111,276 56,651 11. TANGIBLE FIXED ASSETS Fixtures Plant and and Computer machinery fittings equipment £ £ £ COST At 1 January 2024 76,801 - 1,296 Additions 547 7,015 - At 31 December 2024 77,348 7,015 1,296 DEPRECIATION At 1 January 2024 29,074 - 1,296 Charge for year 12,034 701 - At 31 December 2024 41,108 701 1,296 NET BOOK VALUE At 31 December 2024 36,240 6,314 - At 31 December 2023 47,727 - - 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Trade debtors 2,042 Other debtors 5,000 7,042 |
Total funds £ - |
|---|---|
| 27,600 140,327 |
|
| 167,927 | |
| Totals £ 78,097 7,562 85,659 30,370 12,735 43,105 42,554 47,727 2023 £ - 5,000 5,000 |
|
continued...
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CHASE MEADOW COMMUNITY CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Other creditors | - | 50 | ||||
| Accruals and deferred income | 1,441 | 1,440 | ||||
| 1,441 | 1,490 | |||||
| 14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE | THAN ONE YEAR | ||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Other creditors | 5,632 | 5,582 | ||||
| 15. | MOVEMENT IN FUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.24 | in funds | funds | 31.12.24 | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | 111,276 | (27,855) | 23,888 | 107,309 | ||
| Restricted funds | ||||||
| Management committee sinking fund | 65 | 61 | 4,418 | 4,544 | ||
| Church sinking fund | 608 | 7 | - | 615 | ||
| Projects fund | 55,978 | 30,429 | (28,306) | 58,101 | ||
| 56,651 | 30,497 | (23,888) | 63,260 | |||
| TOTAL FUNDS | 167,927 | 2,642 | - | 170,569 | ||
| Net movement in funds, included in the above | are as follows: | |||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 84,568 | (112,423) | (27,855) | |||
| Restricted funds | ||||||
| Management committee sinking fund | 61 | - | 61 | |||
| Church sinking fund | 7 | - | 7 | |||
| Projects fund | 47,318 | (16,889) | 30,429 | |||
| 47,386 | (16,889) | 30,497 | ||||
| TOTAL FUNDS | 131,954 | (129,312) | 2,642 |
continued...
Page 13
CHASE MEADOW COMMUNITY CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Management committee sinking fund Church sinking fund Projects fund TOTAL FUNDS |
At 1.1.23 £ 140,327 - - - - 140,327 |
Net movement in funds £ 10,148 - - 17,452 17,452 27,600 |
Transfers between funds £ (39,199) 65 608 38,526 39,199 - |
At 31.12.23 £ 111,276 65 608 55,978 |
|---|---|---|---|---|
| 56,651 | ||||
| 167,927 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Projects fund TOTAL FUNDS |
Incoming resources £ 112,279 24,839 137,118 |
Resources Movement expended in funds £ £ (102,131) 10,148 (7,387) 17,452 (109,518) 27,600 |
Resources Movement expended in funds £ £ (102,131) 10,148 (7,387) 17,452 (109,518) 27,600 |
|---|---|---|---|
| 27,600 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Management committee sinking fund Church sinking fund Projects fund TOTAL FUNDS |
At 1.1.23 £ 140,327 - - - - 140,327 |
Net movement in funds £ (17,707) 61 7 47,881 47,949 30,242 |
Transfers between funds £ (15,311) 4,483 608 10,220 15,311 - |
At 31.12.24 £ 107,309 4,544 615 58,101 |
|---|---|---|---|---|
| 63,260 | ||||
| 170,569 |
continued...
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CHASE MEADOW COMMUNITY CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Management committee sinking fund Church sinking fund Projects fund TOTAL FUNDS |
Incoming resources £ 196,847 61 7 72,157 72,225 269,072 |
Resources Movement expended in funds £ £ (214,554) (17,707) - 61 - 7 (24,276) 47,881 (24,276) 47,949 (238,830) 30,242 |
|---|---|---|
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
17. COMPANY LIMITED BY GUARANTEE
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of winding up, such an amount as may be required not exceeding £10.
Page 15
CHASE MEADOW COMMUNITY CENTRE LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024
| INCOME AND ENDOWMENTS Donations and legacies Hall hire Donations Other trading activities Fundraising events Cafe income Other income Deposit account interest Total incoming resources EXPENDITURE Other trading activities Café purchases Event expenses Charitable activities Casual labour and volunteers Repairs and maintenance Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Subscriptions Depreciation of tangible fixed assets Support costs Management Sundries Governance costs Accountancy and legal fees Total resources expended Net income |
2024 £ 75,193 47,095 122,288 965 8,014 8,979 687 131,954 2,765 2,499 5,264 69,425 10,465 3,600 2,893 17,774 762 121 9 1,916 12,736 119,701 1,597 2,750 129,312 2,642 |
2023 £ 76,405 50,516 |
|---|---|---|
| 126,921 1,402 8,464 |
||
| 9,866 331 |
||
| 137,118 4,154 1,907 |
||
| 6,061 55,278 6,712 3,421 2,590 14,287 732 288 - 1,442 14,241 |
||
| 98,991 2,237 2,229 |
||
| 109,518 | ||
| 27,600 |
This page does not form part of the statutory financial statements
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