LYE COMMUNITY CENTRE
Charity No. 1164124
Trustee's Report and Unaudited Accounts
31 March 2025

LYE CONfjMUNITY CENTRE
Contents
Pages
Trustee's Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance
heet
Statement of Cash flows
Notes to the Accounts
Detailed Statement of Financial Activities
6t012
P3ee I

LYE COMMUNITY CINTRÉ
Trustees Aiinual Report
The trustee presents their report with the unaudited flnancial statements of the charity for the year ended
31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1164124
Principal Office
Cross Walks Road
Lye
Stourbridge
DY9 8BH
Trustee
The following trustee served during the year:
Trustees holding title to charity property
Halima Sadia
Nayyar Sultana
Sarvean Akter
Durdanna Latif
Shazia Zaman
Key Management Personnel
Nayyar Sultana
Shazia Zaman
Sarvean Akter
Durdanna Latif
Accountants
TAS Accountants
412 High Street
Smethwick
West Midlands
B66 3PJ
The trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the
provisions of the Trust deed. The Trustee Is also responsible for safeguarding the assets of the charity and
hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed
Durdanna Latif
Trustee
31 March 2025
Page 2

LYE COMMUNITY CENTRE
Independent Examiners Report
Independent Examiner's Report to the trustee of LYE COMMUNITY CENTRE
report to the trustees on my examination of the financial statements of LYE COMMUNITY CENTRE for
year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustee you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's financial statements carried out under section 145 of
the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination, I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
the accounting records were not kept in respect of the charity as required by section 130 of the Act. or
the financial statements do not accord with those records. or
the financial statements do not comply with the applicable requirements concerning the form and
content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the financial statements 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 financial
statements to be reached.
TAS Accountants
412 High Street
Smethwick
West Midlands
16f•S .
B66 3PJ
31 March 2025
Page 3

LYE COMMUNITY CENTRE
Statement of Flnanclal Actlvltles
for the year ended 31 March 2025
Unrestrocted
funds Total funds Total funds
2025
2025
2024
Notes
Income and endowments
from:
Donations and legacies
Charitable activities
Other trading activities
9,676
28,737
8,944
9,676
28,737
8,944
64,996
15,232
16,148
Total
47,357
47,357
96,376
Expenditure on:
Raising funds
Charitable activities
Other
1,488,
129
1,488
129
638
74,850
32,015
32,015
Total
33,632
33,632
78,488
Net gains on investments
Net income
13,725
13,725
17,888
Transfers between funds
Net income before other
gains/(losses)
13,725
13,725
17,888
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13,725
13,725
17,888
17,888
17,888
31.613
31,613
17,888
Page 4

LYE COMMUNITY CENTRE
Balance Sheet
at 31 March 2025
Charity No. 1164124
2025
2024
Current assets
Cash at bank and in hand
30,125
30,125
1,488
16,747
16,747
1,141
Creditors: Amount falling due within one year
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
31,613
17,888
31,613
17,888
31,613
17,888
Total net assets
31,613
17,888
The funds of the charity
Restricted funds
Unrestricted funds
General funds
10
10
31,613
17,888
31,613
17,888
Reserves
10
Total funds
31,613
17,888
Approved by the trustees on 31 March 2025
And signed or4 their behalf by:
Sarvean Akter
Trustee
31 March 2025
Page 5

LYE COMMUNITY CENTRE
Notes to the Accounts
for the year ended 31 March 2025
l Accounting policies
Basls of preparatlon
The financial statements have been prepared in accordance with Statement of Recommended Prattice:
Accounting and Reporting by Charltles preparing their accounts in accordance with the Financial
Reporting Standard applicable In the UK and Republic If Ireland (FRS 102) issued on 16 July 2014 and the
Financial Reportlng Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the
Charities Act 2011.
Change in basis of accountlng or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds
These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions Imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is Included in the Statement of Financial Activities (SOFA) when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure Is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional entitlement
to the Income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in income (with an equivalent amount in expenditure)
and facilities
where the benefit to the Charity Is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/(losses) on
investment assets
This includes any gain or loss on the sale of investments.
Page 6

LYE COfvIMUNITY CENTRI
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure Is recognised on an accruals basis. Expenditure Includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to whlch it
relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
raising funds
trading costs and Investment management costs.
Expenditure on
These comprise the costs Incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of Its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Grants payable
Governance costs
Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they
arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are reco8nised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
ace7

LYE COMMUNITY CENTRE
Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the rlsks and rewards of
ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments: The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated In the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for Its employees. A defined contribution plan is a
pension plan under which the charity pays fixed contributions into a separate entity. Once the
contributions have been paid the charity has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
2 Income from donations and legacies
Unrestricted
Total
Total
2025
2024
Unrestricted
9,676
9,676
9,676
9,676
64,996
64,996
Page 8

LYE COMMUNITY CENI"RI
Notes to the Accounts
3 Income from charitable activities
Unrestricted
Total
Total
2025
2024
Donations
28,737
28,737
28,737
28,737
15,232
15,232
4 Income from other trading activlties
Unrestricted
Total
Total
2025
2024
Venue Hire
8,944
8,944
8,944
8,944
16,148
16,148
5 Expenditure on raising funds
Unrestricted
Total
Total
2025
2024
Costs of generating voluntory
income
Unrestricted
1,488
1,488
3,000
3,000
1,488
1,488
6 Expenditure on charitable activities
Unrestricted
Total
Total
2025
2024
Expendirure on choritable
activities
Donations
129
129
638
Governance costs
129
129
638
7 Other expenditure
Unrestricted
Total
Total
2025
2024
Employee costs
Premises costs
7,174
7,174
2,333
22,564
22,564
63,478
General administrative costs
1,777
1,777
3,739
5,300
egal and professional costs
500
500
32,015
32,015
74,850
Page 9

LYE COMMUNITY CENTRE
Notes to the Accounts
8 Staff costs
2025
7,174
7,174
2024
2,333
2,333
Salarles and wages
No employee received emoluments in excess of £60,000.
9 Creditors:
amounts falling due within one year
2025
2024
Trade creditors
(1,488)
(1,488)
(1,141)
(1,141)
10 Movement in funds
Incoming
resources
(including
other
At l April gains/losses
2024
Resources
At31
expended
March
2025
Restricted funds:
Unrestricted funds:
General funds
17,888
47,357
(33,632)
31,613
Total funds
11 Analysis of net assets between funds
17,888
47,357
(33,632)
31,613
Unrestrirted
funds
Total
Net current assets
31,613
31,613
31,613
31,613
12 Reconciliation of net debt
At31
At l April
2024
March
2025
Cash flows
Cash and cash equivalents
16,747
16,747
13,378
13,378
30,125
30,125
Net debt
16,747
13,378
30,125
Page 10

LI'E COMMUNITY CENTRE
Detailed Statement of Financlal Activlties
for the year ended 31 March 2025
Unrestrlcted
funds
2025
Total funds Total funds
2025
2024
Income and endowments from:
Donations and legacies
Unrestricted
9,676
9,676
9,676
9,676
64,996
64,996
Charitable activities
Donations
28,737
28,737
28,737
28,737
15,232
15,232
Other trading activities
Venue Hire
8,944
8,944
8,944
8,944
16,148
16,148
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Unrestricted
47,357
47,357
96,376
1,488
1,488
1,488
1,488
3,000
3,000
Total of expenditure on raising
funds
1,488
1,488
3,000
Charitable activities
Donations
129
129
638
129
129
638
Total of expenditure on charitable
activities
129
129
638
Employee costs
Salaries/wages
7,174
7,174
7,174
7,174
2,333
2,333
Premises costs
Rates
Light, heat and power
Premises cleaning
Premises repairs and
maintenance
1,053
6,441
497
1,053
6,441
497
5,692
753
14,573
14,573
56.433
22,564
22,564
63.478
Gener31 administrative costs,
including depreciation and
amortisation
Bank charges
Equipment expensed
Sundry expenses
126
126
156
244
244
1,869
570
735
735
Page

LYE COMMUNITY CENTRE
Oetailed Statement of Flnanclal Actlvltles
Telephone. fax and broadband
672
1,777
72
1.777
I,l44
3,739
Le8al and professlonal costs
Accountancy and bookkeeping
Consultancy fees
5(X)
500
soo
4,8CMJ
5,300
74,850
78,488
500
500
Total of expenditure of other costs
Total expenditure
Net gains on investments
32,015
32,015
33,632
33,632
13,725
13,725
Net income
17,888
Net income before other
gains/(losses)
Other Gains
13,725
13,725
17,888
Net movement in funds
13,725
13,725
17,888
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
17,888
17,888
31,613
31,613
17,888
Paee 12