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2025-03-31-accounts

Charity number: 1162626

THE ANSTICE COMMUNITY TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

THE ANSTICE COMMUNITY TRUST

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7 - 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 29

THE ANSTICE COMMUNITY TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees Mr C Bagry
Miss J Campbell, Secretary
Mrs R Mannering
Mrs J Morgan, Vice Chair
Mrs S Shinton
Mrs D Holden, Treasurer
Mrs S Chadwick, Chair
Cllr J Jones
Mr G Foden
Mr J Gallagher
Cllr S Taylor (appointed 17 October 2024)

Charity registered number 1162626 Principal office The Anstice 1 Anstice Square Madeley Telford TF7 5BD Accountants Crowe U.K. LLP Chartered Accountants Black Country House Rounds Green Road Oldbury West Midlands B69 2DG

Page 1

THE ANSTICE COMMUNITY TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report together with the financial statements of the charity for the period 1 April 2024 to 31 March 2025.

Objectives and activities

a. Policies and objectives

The objects of the charity as detailed in the constitution are to further benefit the residents of Madeley and the neighborhood, without distinction of sex, sexual orientation, disability, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for its residents.

In furtherance of these objects but not otherwise, the trustees shall have power to maintain or manage or cooperate with any statutory authority in the maintenance and management of the Anstice Memorial Hall for activities promoted by the charity in furtherance of the above objects.

b. Main activities undertaken to further the Charity's purposes for the public benefit

The Anstice Community Trust (ACT) is a charity formed by a group of local people. We lease the Anstice from Madeley Town Council and, with the exception of Madeley Library on the ground floor, run the building as a community centre on behalf of the people of Madeley.

c. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

d. Policy on grant making

We do not give grants.

e. Contributions made by volunteers

ACT has 30 active volunteers including Trustees. Our volunteers make a vital contribution to the Anstice including helping with fundraising, publicity, supporting events and the Anstice Youth Club and working on our reception desk and in our cafe.

Page 2

THE ANSTICE COMMUNITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

a. Main achievements of the Charity

Serving our community .

The Anstice remains a welcoming community hub at the heart of Madeley with an average of over 1000 people visiting the building every week.

Our popular café is open 5 days a week and provides hot and cold food and refreshments. The ballroom is fully booked with a range of classes including dance, Tai Chi and the Anstice Youth Club. We provide free and paid for community events for all ages and host a wide variety of private bookings, corporate events, christenings, birthday parties, weddings, and wakes.

Managing our reserves.

While income performed well against forecast and we were able to secure a range of grants, the cost of staff, supplies and overheads has continued to increase. With depreciation for the 2019 Ballroom renovation we are reporting a £3,851 deficit (down from £13,040 deficit in 2023/24) and our reserves now stand at £181,141 (compared to £184,992 in 2023/24).

b. Performance of fundraising activities against objectives set

During the year we secured:

In addition our volunteers raised £8,240, the Cafe generated £159,728 income, we received £9,700 in rental income from the flat and retail space. Ballroom hire totalled £43,760 and the Bar generated £99,746 income.

Page 3

THE ANSTICE COMMUNITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

a. Going concern

The trustees have reviewed ACT’s financial position and performance for the year ended 31 March 2025, taking into account all relevant information available up to the date of production of the annual report. After due consideration of the Trust’s reserves, cash flow forecasts, and future plans, the trustees are confident that ACT has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the trustees consider it appropriate to prepare the financial statements on a going concern basis. The trustees remain committed to prudent financial management and ongoing monitoring to ensure the continued sustainability and growth of the organisation.

b. Reserves policy

Total funds at the year end was £181,141 (2024: £184,992) with restricted reserves of £83,879 (2024: £96,227) and unrestricted reserves of £97,262 (2024: £88,765)

Included in restricted funds are funds relating to Fixed Assets of £62,772 (2024: £75,501). The funds freely available for use by the charity at the year end at the discretion of the Trustees amount to the unrestricted reserves less the unrestricted Tangible Fixed assets of £28,719. Our free reserves at 31 March 2025 are therefore £68,543 (2024: £57,404)

The Trustees review the amount potentially required to close the charity on a regular basis but current policy is that we need to hold at least £60,000 in free reserves.

c. The charity’s principal sources of funds (including any fundraising)

In 2024/25 11% of our income came from grants, 41% from the café, 39% from events (Ballroom Hire and Bar), 3% from the flat and shop rental and 7% from volunteer fundraising.

This compares to 2023/24 13% of our income came from grants, 37% from the café, 40% from events (Ballroom Hire and Bar), 3% from the flat and shop rental and 7% from volunteer fundraising.

We are forecasting continued regular income from our café and ballroom bookings plus a gradual increase in bar income to reflect increased prices.

d. Investment policy and objectives including any social investment policy adopted

ACT does not have sufficient funds to consider investing any surplus.

e. Principal risks and uncertainties

In common with other organisations, inflation and the cost of living crisis continues to be the major concern as costs for staff, supplies and overheads continue to increase. We are mitigating this risk by careful control of staffing levels, and costs, tight cash flow monitoring, targeted price increases, exploring other income opportunities and submitting grant applications to support our community work.

While hospitality recruitment continues to be a challenge, we now have a strong team in place but have to keep pay rates and possible impact on costs under review.

Page 4

THE ANSTICE COMMUNITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

a. Constitution

The Anstice Community Trust is a registered charity, number 1162626, and is constituted under Charitable Incorporated Organisation (CIO).

b. Methods of appointment or election of Trustees

Trustees are appointed at Annual General Meetings (AGM’s) or co opted at interim Trustees Meetings. Madeley Town Council and Telford and Wrekin Borough Council can each appoint one Trustee.

c. Policies and procedures adopted for the induction and training of trustees

Trustees receive an induction pack, a short formal training session is available and Trustees are asked to sign our Code of Practice.

d. The charity’s organisational structure and any wider network with which the charity works

Full Trustee meetings are held quarterly and an Operations sub group covering Finance and HR matters meets at least quarterly in the interim.

Paid staff are led by our Centre Manager, supported by a Finance Manager, Community Development Manager (responsible for managing volunteers), Café Supervisor, Cook, Bar Supervisor, Caretaker and Admin Assistant. We also employ a bank of 10 casual bar and café staff.

e. Related party relationships

No Trustee is paid or receives other benefits from their work with the charity.

Madeley Laundry is owned by Chun Bagry- Trustee and provides regular laundry services to the Ballroom and Bar at competitive rates: £1,683 (2023/24: £2,187) .

Page 5

THE ANSTICE COMMVNTrf TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 31 MARCH 2025 ststement of Trust￿8. rnsporkslbllltlos The Twslees are re81x￿sI￿e for preparing the Trusle8$' report and the financsal statements in accordance with applicable law and Untted King(km Ae¢ountir4J Standar(Ss Iunrted Kingdom Generally Ac¢8Pted Accounting Practicè). The law applicable to charities in England & Wales requires ihe Trustees to p￿pare finanual StateM￿tS for each finanual which give a true faif wew of the state of aff8irs of the Charity and of Its incoming resources and application of rgsources, Induding its income and expendrture, for that period. In prep8dng these financal statements. the Trustees are reqtjired lo.. select suitable accounting pohcies and then appty them ¢(￿$1$1enty, obseive the methods and pn"nciple5 of the CharTrts SORP IFRS 1021.. make judgments and accouTrling estimat&S lh* are rèasonable and prudenl., state whethef appI￿able UK AcccNJnb"ng Stsndards IFRS 1021 have been fdlowed, subjeci lo any material dep8rtures disclosed and explained in the financial statements., prepare the Ilnancial Statements ￿ the ging conwn basis unless rt is in8pproprlate to pigsume that the Charlty continue in busirw. The Trustees arè rèsponSi￿e for keeptNJ adtrquale accounting ￿CordS that are sufficient to show and explain the Chartys transactions and dFsc105e with ￿aSonable accuracy at any tim8 tho financial position of the Charty and enable Ihem to ensure that the finan¢i81 statements comply wlh the charib.es Act 2011, Ihe Charty (Accounts and Reports) Regulati(￿5 2008 an(J the provislons of U)e Trust deed. They are 81$0 responsible for saleguarding the assets of the Charity and hence for tskifKJ reascffiab￿ steps for the prevention and detection of ffaud and other irregularilies. Approved by ordèr members board of and signed on ￿1r behalf ty. Trustees P•lr5 S Chadwick Miss J Campb•ll Page 6

THE ANSTICE COMMUNITY TRUST

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

Independent Examiner's Report to the Trustees of The Anstice Community Trust ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

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 that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of 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 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.

Page 7

THE ANSTICE COMMUNITY TRUST

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed:

Helen Blundell

Dated: 2 December 2025

LLB FCA FCIE DChA

CROWE U.K. LLP Chartered Accountants Black Country House Rounds Green Road Oldbury West Midlands B69 2DG

Page 8

THE ANSTICE COMMUNITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
42,259
-
-
-
42,259
7,708
46,899
54,607
(12,348)
96,227
(12,348)
83,879		 Unrestricted
funds
2025
£
6,368
314,041
8,781
9,740
338,930
15,366
315,067
330,433
8,497
88,765
8,497
97,262		 Total
funds
2025
£
48,627
314,041
8,781
9,740
381,189
23,074
361,966
385,040
(3,851)
184,992
(3,851)
181,141		 Total
funds
2024
£
52,056
291,064
9,230
9,700
362,050
35,116
339,974
375,090
(13,040)
198,032
(13,040)
184,992

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 11 to 29 form part of these financial statements.

Page 9

THE ANSTICE COMMUNITY TRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Not• Flx•d assets Tangible assets Current assets 12 91 A91 106,862 Stocks Debtors Cash at bank in hand 13 14 4,526 27,779 110,544 3,OTO 23,9T2 97,069 142,849 124.111 Current Ilabllltl¢s Creditors.. amounts fallirKJ vittwn c 15 150,1931 (45,981) N•t ¢urronl assots 92,656 78,730 Total ass•ts less current liabilities 184,147 184,992 Crèditors: amounts fallsTh3 du8 aft8r mor• than one year 16 13.1)061 Total n•t 181.141 184,992 Charltyfunds Restricted funds Unrestricted fuThJs 17 17 83,879 97262 96,227 88, 765 Total funds 181.141 184,992 The financial ststemenls ￿tre approved and authorised for issue by the Trustees on aThJ svjned on Iheir bohalf by. Mrs S Chadwi¢k Ichair of Trustees) J Campb•ll The ￿te$ on pages 11 to 29 fom part ￿ these finonckql ststements. Pag8 10

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

The Anstice Community Trust is a Charitable Incorporated Organisation (CIO), whose registered office is The Anstice, 1 Anstice Square, Madeley, Telford, TF7 5BD.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Anstice Community Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The trustees have reviewed ACT’s financial position and performance for the year ended 31 March 2025, taking into account all relevant information available up to the date of production of the annual report. After due consideration of the Trust’s reserves, cash flow forecasts, and future plans, the trustees are confident that ACT has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the trustees consider it appropriate to prepare the financial statements on a going concern basis. The trustees remain committed to prudent financial management and ongoing monitoring to ensure the continued sustainability and growth of the organisation.

Page 11

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 12

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements - 10% Straight Line
Fixtures and fittings - 10% Straight Line
Office equipment - 33% Straight Line

2.6 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 13

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2.12 Role of volunteers

The charity relies on the efforts of its 30 active volunteers who contributed during the year. The value of the volunteers is not incorporated within the accounts.

Page 14

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

3. Income from donations and legacies

Donations
Grants
Donations
Grants
Income from charitable activities
Income from charitable activities
Income from charitable activities		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
500
6,368
41,759
-
42,259
6,368
Restricted
funds
2024
Unrestricted
funds
2024
£
£
-
3,533
48,523
-
48,523
3,533
Unrestricted
funds
2025
£
314,041
Unrestricted
funds
2024
£
291,064		 Total
funds
2025
£
6,868
41,759
48,627
Total
funds
2024
£
3,533
48,523
52,056
Total
funds
2025
£
314,041
Total
funds
2024
£
291,064

4. Income from charitable activities

Page 15

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. Income from other trading activities

Income from fundraising events

Unrestricted
funds
2025
£
Community Fundraising
8,781
Unrestricted
funds
2024
£
Community Fundraising
9,230		 Total
funds
2025
£
8,781
Total
funds
2024
£
9,230

6. Investment income

Unrestricted
funds
2025
£
Rental income
9,700
Bank interest
40
9,740
Unrestricted
funds
2024
£
Rental income
9,700		 Total
funds
2025
£
9,700
40
9,740
Total
funds
2024
£
9,700

Page 16

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. Expenditure on raising funds

Costs of raising voluntary income

Costs of raising voluntary income - wages and salaries
Costs of raising voluntary income - wages and salaries		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
7,708
15,366
Restricted
funds
2024
£
35,116		 Total
funds
2025
£
23,074
Total
funds
2024
£
35,116

8. Analysis of expenditure by activities

Costs of Running Centre
Costs of Running Centre		 Activities
undertaken
directly
2025
£
224,075
Activities
undertaken
directly
2024
£
209,340		 Support
costs
2025
£
137,891
Support
costs
2024
£
130,634		 Total
funds
2025
£
361,966
Total
funds
2024
£
339,974

Page 17

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Bar Purchases
Cafe Purchases
Security
Free Activities
Equipment Hire
Advertising
Entertainment
Youth Club
Staff costs
Bar Purchases
Cafe Purchases
Security
Free Activities
Equipment Hire
Advertising
Entertainment
Youth Club
Telford and Wrekin Grant expenditure		 Activities
2025
£
118,648
33,948
46,069
1,782
907
1,570
1,572
7,071
12,508
224,075
Activities
2024
£
99,473
39,262
39,855
1,360
274
3,832
2,697
6,690
10,416
5,481
209,340		 Total
funds
2025
£
118,648
33,948
46,069
1,782
907
1,570
1,572
7,071
12,508
224,075
Total
funds
2024
£
99,473
39,262
39,855
1,360
274
3,832
2,697
6,690
10,416
5,481
209,340

Page 18

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Consultancy
Fundraising Costs
Gas and Electric
Training
Accounting
Stationery, Printing and Post
Telephone and Internet
Sundry
Computer Costs
Subscriptions
Maintenance
Premises Costs
Health and Safety
Insurance
Bank charges		 Activities
2025
£
58,991
18,251
675
1,524
20,167
1,428
4,772
907
2,070
1,255
1,122
2,158
8,784
8,974
19
3,002
3,792
137,891		 Total
funds
2025
£
58,991
18,251
675
1,524
20,167
1,428
4,772
907
2,070
1,255
1,122
2,158
8,784
8,974
19
3,002
3,792
137,891

Page 19

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Staff costs
Depreciation
Fundraising Costs
Gas and Electric
Training
Accounting
Stationery, Printing and Post
Legal costs
Telephone and Internet
Sundry
Computer Costs
Subscriptions
Maintenance
Premises Costs
Health and Safety
Insurance
Refreshments
Bank charges
Profit on Disposals on Fixed Assets		 Activities
2024
£
57,316
17,240
10
21,275
718
2,261
1,095
750
2,305
530
1,060
1,691
9,665
8,943
185
2,231
74
3,335
(50)
130,634		 Total
funds
2024
£
57,316
17,240
10
21,275
718
2,261
1,095
750
2,305
530
1,060
1,691
9,665
8,943
185
2,231
74
3,335
(50)
130,634

9. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £2,315 ( 2024 - £2,261 ).

Page 20

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Staff costs

2025
£
Wages and salaries
191,094
Social security costs
6,534
Contribution to defined contribution pension schemes
3,085
200,713
The average number of persons employed by the Charity during the year was as follows:
2025
No.
Average number of employees
19		 2024
£
179,970
8,759
3,176
191,905
2024
No.
16

No employee received remuneration amounting to more than £60,000 in either year.

The key management personnel of the charity consisted of the trustees, Finance Manager and Centre Manager. The total remuneration paid to the key management personnel (Finance Manager and Centre Manager) was £58,582 (2024 - £61,634).

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .

Page 21

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12. Tangible fixed assets

Cost or valuation
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
13.
Stocks
Bar stock
14.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income		 Leasehold
improve-
ments
£
114,745
-
114,745
47,810
11,474
59,284
55,461
66,935		 Fixtures and
fittings
£
59,753
2,880
62,633
20,293
6,541
26,834
35,799
39,460		 Office
equipment
£
1,581
-
1,581
1,114
236
1,350
231
467
2025
£
4,526
2025
£
15,171
12,608
27,779		 Total
£
176,079
2,880
178,959
69,217
18,251
87,468
91,491
106,862
2024
£
3,070
2024
£
17,605
6,367
23,972

Page 22

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income
Deferred income is shown in note 15 and 16.
Deferred income at 1 April 2024
Deferred in the year
Income released in the year		 2025
£
20,190
7,847
658
710
20,788
50,193
2025
£
19,600
19,034
(19,600)		 2024
£
11,641
8,716
690
-
24,934
45,981
2024
£
14,665
19,600
(14,665)

Deferred income relates to monies received in advance for the Ballroom hire and events.

16. Creditors: Amounts falling due after more than one year

2025 2024
£ £
Deferred income 3,006 -

Page 23

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Power to Change - leasehold improvements
Reaching Communities
Kitchen Renovation
TNLRC Community Fund Grant
Children In Need
Christmas parties
T&W Watling & Jones Xmas grants
Severn Trent Core
Total of funds		 Balance at 1
April 2024
£
88,765
62,453
3,755
13,048
-
4,349
-
-
12,622
96,227
184,992		 Income
£
338,930
-
-
-
26,535
13,724
500
1,500
-
42,259
381,189		 Expenditure
£
(330,433)
(10,706)
(3,755)
(2,022)
(12,592)
(12,410)
(500)
-
(12,622)
(54,607)
(385,040)		 Balance at
31 March
2025
£
97,262
51,747
-
11,026
13,943
5,663
-
1,500
-
83,879
181,141

Page 24

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds - all funds
Restricted funds
Power to Change - leasehold
improvements
Power to Change - furniture
Reaching Communities
Kitchen Renovation
Children In Need
Telford and Wrekin Eco Grant
T&W Councillors Pride Fund
WHT Café Furniture
Severn Trent Core
T&W Diversification grant
Total of funds		 Balance at
1 April 2023
£
69,111
73,160
10,000
27,010
15,070
-
1,212
969
1,500
-
-
128,921
198,032		 Income
£
313,527
-
-
14,500
-
13,046
-
1,650
-
16,227
3,100
48,523
362,050		 Expenditure
£
(297,615)
(10,707)
(7,473)
(37,755)
(2,022)
(8,697)
(1,212)
(2,619)
(1,500)
(3,605)
(1,885)
(77,475)
(375,090)		 Transfers
in/out
£
3,742
-
(2,527)
-
-
-
-
-
-
-
(1,215)
(3,742)
-		 Balance at
31 March
2024
£
88,765
62,453
-
3,755
13,048
4,349
-
-
-
12,622
-
96,227
184,992

Page 25

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
April 2024
£
88,765
96,227
184,992		 Income
£
338,930
42,259
381,189		 Expenditure
£
(330,433)
(54,607)
(385,040)		 Balance at
31 March
2025
£
97,262
83,879
181,141

Page 26

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

. Summary of funds (continued)

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1 April 2023
£
69,111
128,921
198,032		 Income
£
313,527
48,523
362,050		 Expenditure
£
(297,615)
(77,475)
(375,090)		 Transfers
in/out
£
3,742
(3,742)
-		 Balance at
31 March
2024
£
88,765
96,227
184,992

Restricted Funds

Power to Change Community Leasehold improvements - For renovating the centre, the fund is represented by fixed assets. The leasehold improvement are depreciated over 10 years, the expenditure each year is the depreciation charge.

Reaching Communities - Providing for salary of Volunteer manager.

Kitchen Renovations- For the addition and renovation of kitchen facilities. The kitchen renovations are in fixed assets under fixtures and fittings. The fixtures and fittings are being depreciated over 10 years, the expenditure each year is the depreciation charge.

TNLRC Community Fund Grant - Staffing support and increased activity sustainability funding.

Children in Need- Support for the Youth Club.

Severn Trent Core- £16,227 one-year grant to support 10% of annual core costs plus admin assistant salary.

Christmas Parties - Christmas Parties 2024 support.

Telford & Wrekin Councillors Pride - £1,500 for Winter Activities.

Page 27

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
62,772
28,719
21,107
121,742
-
(50,193)
-
(3,006)
83,879
97,262		 Total
funds
2025
£
91,491
142,849
(50,193)
(3,006)
181,141

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
£
75,501
20,726
-
96,227		 Unrestricted
funds
2024
£
31,361
103,385
(45,981)
88,765		 Total
funds
2024
£
106,862
124,111
(45,981)
184,992

19. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension costs show in note 12 represent the contributions payable by the Charity to these funds.

20. Related party transactions

Madeley Laundry is owned by Chun Bagry- Trustee and provides regular laundry services to the Ballroom and Bar at competitive rates: £1,683 (2024: £2,187).

Cllr J. Jones is a Councillor of Madeley Town Council, and Telford and Wrekin Council. Cllr S Taylor is a Councillor of Madeley Town Council and holds position of Deputy Mayor for 2025. These councils provided grants of £1,500 (2024: £4,750) for specific projects run by the Charity.

Page 28

THE ANSTICE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

21. Lease

The Anstice Community Trust has obtained a lease on the The Anstice Memorial Hall from the 30 January 2020. The contractual term is for 25 years from that date. The lease rent starts from the 30 January 2030 and will be reviewed every 5 years. The open value of the rent can be agreed with the landlord, or the open market value will be determined by a Surveyor.

Page 29