**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:
- £26,535 from TNLRC to fund volunteer management and office support work.
- £1,500 from Madeley Town Councillors for Winter Activities.
- £13,724 from BBC Children in Need to expand the Anstice Youth Club.
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 Trust8. rnsporkslbllltlos
The Twslees are re81xsIe 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 ppare finanual StateMtS 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 financ*al
statements. the Trustees are reqtjired lo..
select suitable accounting pohcies and then appty them ¢($1$1enty,
obseive the methods and pn"nciple5 of the CharTrt*s SORP IFRS 1021..
make judgments and accouTrling estimat&S lh* are rèasonable and prudenl.,
state whethef appIable 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 rèsponSie 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**
**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