Charity wegistratlon nurnber 1165098 ThE CURLEW COMMUNITY CENTrE ANNUAL REPORT AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENOED 31 JULY 2025 THE CURLEW COMMUNITY CEP4TrE LEGAL AND ADMINISTRATIVE INFoR￿MON Trustees Mr C Brandon King Mr R Middleton Mr P Clery Mr M Everitt Mr N D Wright Mr J A Cooper Mr S Prortor (Appointed 19 March 20251 Charlty numb•r 1165098 PrSnclp•l •ddr•sS 518ridge Road Sutton Brid8e Spaldin 'ncolnshire PE12 9SA Ind•p•nd•nt examlmr TCGroup 33 8osion Road Holbeath Spalding Lincolnshire PE12 7LR THE CURLfW COMMUNifY CETrmlE CONTENTS Trustees report Statement of trustees respon5*ilities Independent examiner'$ report Statement ol flnano'al activities Balance sheet Noies to the flnancial statements 8-16 ThE CURLEW COMMUP4tIY CENTR TRUSTEES REPORT FOR THE YEAR ENDED 31 JULY2025 The trustees present their annual report and financial ststements for the year ended 31 July 2025. OblertSv•s and •rtlvltles ObJ¢rt5 ond olms The 8overnin8 document defines the charity's objerti¥e as bein8'. 'to maintain a ¢ommunity centre fof the people of Sutton Bridge and its l(Kality, whethef alone or in co- operation with any lo¢al authority or other pefson or body. with the objed of improving the ¢ondltions of life for the said inhabitants. without distriminaiion of any kind. by associatin8 tO8eiher the said inhabiiants and local authofities, voluntary and other organisations in a common effort to pr¢)vide facilities in the Interests of social welfare for re¢reaiion and other leisure-time occupation" To athieve these objertlves, the charity operates a number of project5. All projects are monitored closely by th* executive committee to ensure thai projects are delivered to maximise the value to the ¢harity. Publk ben*fft The cgmrnunlty centr* promotes the beneflt of the inhabiiants of Sutt¢)n Brld8e and the surroundln8 neighbourhood without distinction to provide 13ciliiies in the interests ol social welfare for recreation and other lelsure occupations with the aim of impTovin8 the conditions of life for the surrounding area. The trustees confirm that ihey have complied with tht requirement5 of sectlon 17 of the Charities Act 201110 have due re8ard to the public benefit guidance published by the Charity Commission for En813nd and Wales. Fln•nclal r•¥l•w Pollry on reseMs The finance committee on behallf of the board of trustees conducts an annual review of the level ol unresiricied reser¥e5 not committed or invested in tan8ible fixed assets 1.the Iree reSe￿e$") in the genefal fund, by ¢ty)sidering the risks as50ciated with the general fund. by tonsiderin8 the risks associated with the various income sireams, expenditure plans and balance sheet items. This enables an estimate to be made of the level of reserves that 4re sufficient.. il lo allow for reorganisation in the event of a downturn of income or asset values.. and ill to protect on8oing Work programmes Thi5 level is estimated at between 2 and 4 monihs of the 8eneTrl expected budget. The reserves CUTrentlv meets this objedivt. Inve5tme&rtpolky •rtdobJertiv•s The charity has the power to rnake any investment which the trustee5 see flt provided appropriate advice is taken from a professionalfy qualified person under the Financial Services Act 1986. However the trustees choose to tske a prudent approach antl invest temporarity Surplus fvnds in bank deposits. The trustees have assessed the major risks to which the charrty is expwd. and are satisfied that systems are in place to mitigate exposure to the major risks. StrwturÈ. Iiwernance and ftMnaiein*nt THE CURLEW COMMUNrrY CENTrE TRusfEES REPORT ICONTINUEOI FOR TME YEAR ENDED 31 JULY2025 Nature oJ9overniry document The Curlew Commurtity Centre is a Charitsble Incorporated Organisation ICIOI constituted as a charity re8lStered on 8 January 2016. Recrultmentond •ppolntmeRtoAtrysteeJ The trustees who have served during the year and since the year end are set oul on pa8e l. The board of trustees have the general control and mana8emeni of the adrninhstration of the charity. Trustees may offer themselves for election io the board of trustees at the Annual General Meeting, where thelr appointment is voted upon by the members present. Inductlon and trnlnln• of trustres New trustees under80 orientation sessions whith include obSe￿Il0n ai a committee of management meetin8 prior to becoming a trtsstee. The trustees have examtned the major strate8i¢. business and operational risks which the charity faces and confirm that systems have been established to enable re8ular reports to be produced so that the #etèssary sieps can be taken to lessen these risks. Flnanclal Instruments Oblertlves •ndpolkles The charily's activities expose it to a number of financial risks including credit risk. ¢ash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by thè board of trustees, which provide written principles on the use ol financial derivatives to mana8e these risks. The charity doe5 not Use derivative financial instruments for speculative purposes. Creditrfs* The charity'5 principal financlal assets are bank balances and cash, Irade and other receivables, and investments. The charity's tredit risk 15 primafily attributable to its tradt receivables. The amounts presented in the balance sheei are net ol allowances for doubtful receivables. An allowance for impairment is rnade where Ihere is an identified loss event which, based on previous experiente. is evidence of a reduction in ihe recoverability of Ihe cash flows. The credit risk on liquid funds and derNative financial instruments is limited because the counterparties are banks with high credit-Tatings assigned by international c￿dit-ratint agencies. The trustee port was approved by the Board of Trusttes. Trust Trustee Dated.. .1 a.. IL(1 Il6 THE CURLEW COMMUNifY CENTrE STATEMENf OF TRU5fEES RESPONSIBILMES FOR ThTE YEAR ENDED 31 JULY2025 The trustee5 are responsible lor preparin8 the Trustee5 Report and the financial sts￿Ments in accordante with pplicable law and United Kingdom Accounting Standards (Uniied Kingdom Generally Attepted Accountin8 Pracii¢el. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each fin3ncial year which 8lVÈ a true and fair ¥1￿ of the state ol affaws of the ¢h3rity and of the incoming resources and application ol rèsources of the charity for that year. In preparin8 thest financlal statements. the tfUStee5 are required to.. select suitable accountin8 policies and then app￿ them consistently,. . observe the fflethods and princlples in the Chariiies SORP; . make judgements and estimates thèi Jre reasonable and prudent.. state whether applicable accounting Standards have been followed, subject to any mateflal departure5 disclosed and explained in ihe linancial ststemènis.. and prepare the financlal statemenl5 1)n the 80in8 concern basis unless It Is Inappropriate lo presume thai the charitv will continue irs opefation. The trustees are responsible lor keepin8 Sufficient accountin8 records th•t disclose wilh reasonable accuracy at any time the linantial position ol the charity and enable them to ensurt ihat the financial statement5 Comply wlth the Charilies Act 2011, the Charity (Accounts and fieportsl Regulaiions 2CQ8 and the provisions of the trust deed. Thèy are also responsible for safeguardin8 the 4$5ets of the charity and hence for taking reasonable steps for the prevention and dtteciion of fraud and oihei irre8ulaflties. THE CURLEW COMMUNfiY CENTRE If4DEPENDEr￿ EXAM114ER'S REPORT TO THE TRU5TEE5 OF ThE CURLEW COMMUhllTY CEP4TrE l ￿port to the trustees on my examination of the financial ststements of The Curlew Community Centre (the charity) for the year ended 31 July 2025. Respon$Sbllltles and basis of r•port As the trustees of the charity you are fesponsiblè for thÈ prÈparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Actl. I report in respect of my examination of the charity's financial ￿ateMentS carried out under section 145 of the 2011 Act. In carrwng out my examination I have foll¢)wed all the applicable Directions given by ihe Charity Comfflis51on under section 14515llbl of ihe 2011 Act. Ind•p•nd•nt •x•mln*rfs st•t•ffie Your attention is drawn to the fact thal the charity has prepared financial statements In accordance with Ac¢ountin8 and Reporting by Charities preparing their accounts in ac¢ordan¢e with ihe Financial Reportin8 Standard applicable in the UK and Republi¢ ol Ireland IFftS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Pracilce issued on l April 2￿5 which is referred to in the extant re8ulatlons but has now beèn wilhdr•wn. l understand that this has been done in order for finantial siattmènts to Pfovide a true and fair view in accordance with Generally Accepted Accounting Practice effective fof reporting periods be8lnning on or ah*r I January 2015. I have Completed my exarnination. I confimi that no matters have come to my attention in tonnedion with the examination 8ivin8 me cause to believe that in any material respect: accounting records were not kept In respert of the Charity as required by section 130 of the 2011 Act,. or the financial statements do not accord with those records.. or the financlal statements do not Comply with the applicable requirements concerning the fom and content of accounts set out in the Charilies (Accounts and Reportsl Ae8ulaiion5 2(*)8 other than any requirement that Ihe accounts give a trut and fair which 15 riot a matter considered as part of an Independent examination. I have no concefns and have come acfOSS no other matters in ¢onnection with the examination to which attention should be drawn in this report in order to enable a proper understandin8 of the financial statements to be reached. Chrfstoph•r McK•nna ACA TC Group 33 Boston Road HolbeKh Spalding Lincolnshire PE12 7LR 1112k) THE CURLEW COMMUNtTY CENTRE STATEMENT OF FINANCWL AcnvmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY2025 Current Ilnanc5al year Unre5trlrted Oe*natèd ftestrlrted funds funds funds 2025 2025 2025 Tol•l Total 2025 2024 Income from: Donations Charitable activities Investments 13.492 43,977 17.492 43,977 1.173 48,673 52,860 1,173 Tot¥1 In¢orn• 57.469 1,173 62,642 101.533 5ture on: Charitable activities 59,317 4,763 14,682 78,762 76.759 Release of grant 17631 114.6821 115,4451 115,5771 Total f•SOUtt•S •xp•nd•d 59,317 63,317 61,182 Net lexpendltur¢llincom* forth• y•arl N•t M0￿m*￿t In fund5 11.8481 1.173 16751 40,351 Fund balance5 at l August 2024 46,916 18.7SO 26.OOJ 91.666 51.315 Fund bal•nc•5 at 31 July 2025 45,068 18.750 27,173 90,991 91.666 The 5taiement of financial activities includes all gains and105ses reco8nised in the year. The statement of financial activities includes all gains and 1055e5 recognised in the year. All income and expenditure derlve from continuin8 actiwlies. THE CURLEW COMMUNtrY CEPfflIE STATEMENT OF FINAt4CIAL AcnvrnES ICOPlllNUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDEO 31 JULY2025 Prlor financlal year Uorestrirted o•s5￿at•d Restrlcted funds funds fvnds 2014 2024 2024 Total 2024 Income fr Donations Charitsble activities 24,673 52.860 24.f 48,673 52.860 T¢¥tal Incom• 77.S33 24.C(*J 101.533 ndltur• on: Charitable activities 61,182 895 14,682 76,759 Release of grant 18951 114,6821 115,5771 Total resources •xp•nd•d 61,182 61,182 Gross transfers between fund5 12,cixII Net l•xp•ndltur•llincorn• for¢￿ y••rl Net rno¥em•nt In fvnds 14,351 26,C*XI 40,351 Fund balances at l Au8USt 2023 32,565 18.750 51.315 Fund balances at 31 2014 46,916 18,750 26,W) 91,666 The statemènt of financial actNlties includes all 8ains and losses ￿08ft1$ed in the year. The statement of financial activities includes all gains and losses recognised in the year. All incorne and expenditure derive from continuin8 artivities. THE CURLEW COMMUNITY CENTRE BALANCE SHEET A5AT31 JULY2025 2025 2024 Flx•d a$5ets Tangible assets li 559,592 574,997 Current assets Debtors Cash at bank and in hand Iz 2,352 58.483 3.731 54.371 60.835 58.102 Credltors: amounts lalllN due T*Athln t)rt• ve•r 13 15.7011 12,2531 N•1 current •ss•ts 55,134 55,849 Tot•1 4ss•ts curr•nt Il•bllltles 614,726 630,846 Cr•dbtors: amounts lalllnl du• after mor• than one 14 1523.7351 1539,1801 Net assets 90,991 91.666 Incom* fvnds Oe5ignated lunds Restricted Ivnds Unrestricled lunds 18.750 27.173 45.068 18,750 26,000 46.916 90,991 91,666 The fin als ts were a d by ihe trustees on..... ill , |aÉ Twstee Twsl ThE CURLEW COMMUt4trY CEllfRE NOTES TO THE FINANCIAL sfATEMEiirs FOR THE YEAR EPIDED 31 JULY2025 Accountlnt poll¢les 1.1 Accountlni con¥w)tlon The financial statements have been prepared in accordance with the charity's govefning document. the Charities Act 2011 and "Accounting and Reportin8 by Chartiies.. Ststement of Recomrnended Practice applicable to tharitie5 preparin8 their accounts in 3ccordan¢e with the Financial Reportin8 Standard pplicable in the UK and Republic of Ireland IFRS 1021 leffedive l January 20191. The chanty Is a Publit 8eneflt Entity as defined by FRS 102. The charity has taken advantage of the Provisions in the SORP for tharities appfyln8 FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The flnantial statements have departed from the Charities (Accounts and Reports) Re8ulations 2008 only to the extent required to provide a true and fair view. This departure has Involved following the Statement of Retommended Practice Iof chariiies applylng FR5 102 fathèr than the version of the Statement ol Recommended Practice wthi¢h 15 referred to in the Re8ulations but which has sinte been withdrawn. The financial statemenis are prepared in sterlin& which 15 the functional currency of the chaflty. Monetary amounts in these financial 5taternents ore rounded to the nearest E. The financial statements have been prepared under ihe historical cost convention. Imodlffted to Include the revaltsation of freehold properties and to include investment properties and certain flnancial instruments at fall valuel. The principal accounting policie$ adopted are sei oui below. 1.2 Golni concern At the time of approvin8 the financlal statements. the irustees have a reasonable expectation that the charity has adequate resources io tontinue in optrntional exislence for the foreseeable future. Thus the trustees continue to adopt the 8oin8 concern basis of accounting in preparln8 the financial 5taternents. 1.3 tharftabl• funds Unrestritted funds are available for use at the dlscretlon of the trustees in furtherance of their charitable objectives. Restricted funds a￿ subject to specifK condilions by donors or 8rantors as to how they may be used. The purposes and uses of the restricted fund5 are Set out in the notes to the financial statements. Endowment lunds are subject to specific conditions by donors that the Capital must be maintained by the tharity. IA Income Income is recognised when the tharity is legalfy entitled to it after any perfomiance conditions have been met, the amounts can be measured rellabty. and it is probable that income will be ￿ceiVed. Cash donations are retognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations receNed under Gift Aid or deeds of covenant is recognised at the time of the donation. THE CURLEW COMMUNtrY CÉNTRE NOTES TO ThE FINANCIAL STATEMENTS ICOIfflNUED) FOR THE YEAR ENDED31 JULY2025 Accountins polld•s {Contlnuedl Le8acie5 are recognised on receipt or othewwise if ihe charity has been notified of an impending distribution, the amount is known, and receipt is experted. If the amount 15 not known. the legacy is treated as a contingent asset. 1.5 Exp•ndlture Expenditure 15 recognised once ihere is o le8al or constructive obligation to transfer economic benefit to a third party. it is probable that a transfer ol economic benefit5 will bt required In settlement, and the amount of the obligation can be measured reliably. Expenditure Is classified by activity. The costs of each artivity ore made up of the total of dlrect costs and sha￿d costs, including support costs Involved in undertakin8 each activity. (h"rect costs attfibutable to a slngle activity are allotaièd dlrectly to that activity- Shared costs which tontribute to more than one activitv and support C05t5 which are not attributable to a sin8le activity aft apportioned between those activities on a basi5 consistent wilh the use of resources. Central staff costs are allocated on the basis of lime spent, and depre¢iation charges are allocated on the portion of the asset's use. 1.6 T￿n￿bI* fiM•d •$3ets Tan8ible fixed o$5et5 art initialty measured at cost and sub5equentty measufed at cost or valuation, net of dtprttiation and any Impairment105ses. Depreclatlon is recognised so as to write off ihe cost or valuation ol a55ets less their residual values over their useful Ilves on the followin8 ba5e5'. Propertv Plant and equipment Fixtures and fittings Office equiprnent 2% straighi Ilne on ori8inal cost l over 30 year51501ar pane151 25% reducing b¥l¥n¢e IS% feducin8 balance IO% redutin8 balance The gain or loss arisin8 on the disposal ol an asset is determined as the difference between the sale proceeds and the carrying v31ue of the 35sei, and is reco8ni5ed in the Statement of financial activities. 1.7 Impalrm•nt of fixed assets At eath veportrng end date. the charity reviews the carrwn8 amounts of its tangible assets to determine whether there is any inditation that those assets have suffered an impaimient loss. If any such indicatson exists. the recoverable amount of the asset is estimated in order io detemiine the extent of the impairment loss lif anvl. 1.8 Cash and cash equl¥al•nts Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-term liquid investments with original maiurities of three months or less, and bank overdrafts. Bank overdrafts are Shown within borrowings in current li3bililies. THE CURLEW COMMUNifi CENTrE NOTESTO ThE FINANCIAL sfATEMENTS {CONnNUEO} FOR THE YEAR ENDE031 JULY2025 Accountlni pollcles Icontlnuedl 1.9 Financial instrumeblts The charity has elected to apply the provisions of Section 11 'Basic Finan¢lal Instrurnent5' and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Flnanclal insiruments are recoBnised in the charity's balantè Sheet when the charity becomes party to the contractual piovi5ion5 of the instrument. Financial assets and IlabI14ties arè oftset. with the net amounts presented in the financial statements, when therè is a legally enforceable riaht to set off the recoqnised amounts and there is •n intention to settle on a nei basis or to realise the asset and settle the liability simultaneousty. 8oskfinonclol ￿ets Baslc finantial assets. which include debt0￿ and cash and bank balance5, are initially measured at transaction pri¢e in¢ludin8 transaction costs and are subsequently carried at amortised cost using the effective intefest method unless the arfangemeni tonstilutes a linancing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Flnanclal assets classlfied as receivable within one year are not amortised. 8gskflnon¢lolllobllltks 8asic financial liabilities, includin8 creditors and bank loans arè inilially re¢o8nised at transaction price unless the arrangement Constitutes a financing transaction. whefe the debi insirumertl is measured at the present value of the future payments discounted ai a market rate of interest. Financial liabilities classified as payable within one year are noi amortised. Debt instruments are subsequently carried at amortised ¢osL u5in8 the effective interest rate method. Trade crediiors are obli8ation5 to pay for 8oods or seNces that have been aCqUi￿d in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wiihin one year or less. If not, they are presented as non-current liabilitie5. Trade creditofs are retognised initially at transaction price and subsequently measured at amortised tost using the effective interest method. Derecoqnltlon ofllnonclolllubllltles Financial liabilities are dereco8nised when the charivs contractual obli8ation5 expire or a￿ discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is reco8ni5ed in the period in which the employee's servites are received. Terrnination benefit5 are reco8nised immediatety as an ewnse when the charity 15 demonstrablv committed to terminate the employment of an employee or to provide termination benefits. ThE CURLEW COMMUNifi CENTRE NOTES TO THE FINANCIAL STATEMEPnS (CONTINUED) FOR ThE YEAR ENDED 31 JULY2025 Crltlcal xcoufitl￿ estlmates ind ludpments In the applicaiion ol the charily's accounting polities, the trustee5 are ￿qUIred to make judgements, estimates and assumptions aboul the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Adual fesulis may differ from these estimates. The estimates and underlyin8 assumptions are reviewed on an ongoin8 basis. Revisions to accounting estimates are retognised in the period in which the estimate is revised where the revision alfects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donatlons Unr•strl¢ted (>eslgnated funds lynds 2025 2015 Total Unrestrided funds 2024 Restntted funds 2024 Total 2025 2024 Donations and glfts Grants Donated facilities 19 19 11,2Q) 24,C 35.200 13,473 13,473 13,473 13.473 13.492 17,492 24.673 24.CQO 48,673 Oonated facilities relates to the prth*ision of free rates from South Holland District Council. Incorn• from charltabl• Kllvttlqs Unrestrkt•d funds 2025 Unr•5trlrt lufids 2024 Cinema adverts Membership fees Room hire and associated arti¥ities Other income 705 735 43,272 51.870 165 43,977 52,860 THÉ CURiEW commuN￿y CENTRE NOTES TO THE FINANaAL sfATEMENTS IcopillNUED} FOR THE YEAR ENDED 31 JULY2025 Inc¢me frorn •n¥estmènts I1￿11[