ctwity registration number: 1165712 Royal Sutton Coldfield Community Town Hall Trust klwn 1$ SCART Artnual Report and Financid Statements for th¢ Year Ended 30 April 2025 Bissell & Brown Midlands Ltd Charter¢d C¢rtifi¢d Accountants Chart¢r House 56 High Str¢e¢ Sutton Coldfield West Midlands B72 IUJ
Roy*l Sutton Coldfield Community Town Hall Trust Iwown As SCART Contents (continued) Trustees, Report Ito6 Reference and Adminis¢rative Details Statement of Trustees, Responsibilities Independent Auditors, Rer 8t0 I I Statement of Financial Activities 12 Balance Sheet 13 Notes to the Financial Statements 14to23
Royal Sutton Coldfield Community Town Hall Trust known as SCART Trn8tees' Report The tNsttts present the annual report together with the fman¢ial $tai¢Tnents and auditors, re)rt of th¢ ¢hartty for the year ended 30 April 2025. Trustees C Bridge5, (Crthair Business) R Mason, (Co-chair Arts) R Ludlam, (Treasurer) J Cairns D Pears K Ward R Walton K Hussain M Evang A M Simpson M Evan5 It A M Simpson resi8ned on 3010812024 Senior MAnager / Leadtr$hlp Te*m E Cam¢ll, Interim Venue Manager (to 0810212024) E Carnell, General Manager (From 0810212024) ChArlty Re¥lJtratlon Number 1165712 Prlnclpal Offlee Royal Sutton Coldfield Town Hall Upper Cliftort Rd Sutton Coldfield B73 6DA Audilor Bissell & Brown Midlan&% Ltd Chartered Certified Accountants Ch¥4rter House 56 High Street Sutton Coldfield West Midland5 B72 IUJ Pagc I
Royal Sutton Coldfield Community TOWD Hall Trust I0 a5 SCART Tru$te¢s' Report (continued) Objectives ¥nd actiyities Objects dnd To rther or benefit the residents of sUtn Coldfield North Birmingham communities of Erdington. Stockland Green. Great BaTr. and the neighbourhoo(L without distinc(ion of sex. sexual ori¢ntation, race or political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organi5aiions in a common effort to advance education and to provide fa¢iliti¢s in the interests of entertainment for recreation and leisure time o¢cupation with the objective of improving the ¢ondiiions of life and education through the arts of the r¢sid¢nts. In furtherance of these objects bui no¢ olh¢rwi5¢, the Twstees shall have power.. - To e5t8bli$h or secure the establishment of Sutton Coldfield Towi Hall and to maintain or manage or co-operate with any statutory authority in the maintenan¢e and managcment of this property as a centre for aciiviiies promoted by the Charity in furtherance of the Above objects. The Tru51's mission is for people to have the ability to develop ¢r¢aiive id¢as and to partake in aTts and recreational aclivitie5, by providing the facilities and opportunities to enable perfom)ance. education, group work and 51Kial eveni$ and in so doing preserve ond protect a historic building at ihe heart of the Royal Town of Suttotj Coldfi¢ld. Develop a moiivated and 5kill¢d staff team working with an additional team of volunteer$ to maximi5e revenue, improve Cl¢lenCY and deliver more s¢rvic¢s and activities for les5 Cost, Generate new income for ihe Royal Town of Sutton Coldfield through increasin8 footfall ihrough ihe Town Hall, Build a'sinking nd, for ihe ongoing maintenance of the building. Stage a major appeal to raise circa £5 million for a Renovation Project to transforn] the building into a fii-for-PUTpose modern hub for theatre, music, arts. Th¢ Trustees onticipate that, with its charitable status, Strong volunteer netsvork, and support of local businesses and other organisations, Sutton Town Hall will continue to provide a range of 2¢tivities and serYice5 Currently available and develop new ones. Fmndrnlslnz dlsclosures Major capital fundraising for the Renovation Proje¢t WAS succes57 in achieviTtg a significant grant of £900,000 from the West Midlands Combined Authority to ¢nabl¢ the defined Emergency and Enabling works to be completed. Some £451,1 I l of ihis grant was drawn within rhe period, the remainder to be drawn (and the works cornpleied during the 2025ll6 finart¢ial period) Severdl operktional support grant appli¢ations were initiated during ihe period, but these are hoped to bear frnit in the following financial period. One significant grant of £50.000 was achieved from Royal Sutton Coldfi¢ld Town Council and another of £50,000 from Sutton Coldfield Chariiable Trust (£25K def¢ed to 25126). The trnstee$ ¢onfinn that they have ¢ornplied with the requirements of Section 17 of th¢ Charitie5 Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Public benefil The trust¢es confirni that they have complied with the requirements of section 17 of the Chari¢ies A¢t 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wal¢5. Page 2
Royal Sutton Coldfield Community Town Hau Trust known as SCART Tru5tees' Report {continued) Financial review 2024-2025 ha5 been a year of consolidation for Operation5 and strong progress on the building renovations. Thanks to the grant received from the West Midlands Combined Authority, the TNst has been able to complete the creating of a sub-tenant demise in line with its long t¢rm plan. This will be tenanted by Trinity Specialist College, an organisation with Synergistic charitable objectives io our own, providing an addiiional incom¢ for th¢ TTU51 in th¢ n¢xt financial period. Operdtions are developing in line with our 5-year plan. although th¢ fina¢187 ¢limate remained challenging. Commercial perfonnance w&$ not gs strong a5 hoped, however. thanks io a r¢n¢w¢d focu5 on securing UT)re5tricted grant funding the overall operational perfomance was encouraging. The charity returned a net operating loss of £52,281 in the year. resulting in a net balance sheet Surplus of £197.503 at 30 April 2025. When adjusted to reflect use of unrestricied, bui reserved funds of £22.250. the TNst returned an effective op¢raling 1055 of £30.031. Our 5-year plan forecasi an oper81ing SUTplus of £18K for the year. however. this was based on the full £50K frotn th¢ Sullon Charitable Trust being received within the fiscal year. In actuality. the gront was made on a monthly bas18 paid from December 2024, this effectively def¢ed £25K of grant income into 2025126. On an adjusied basis, therefore, th¢ business made an etTeetive trading loss of £4,781. This is £23K below forecast, bui at Iwt meets the break even imperaiiv¢. In percentage tern, this is shortfall of 30/0 on topline revenue. Pollcy on reserv The trustees recognise tha¢ maintaining appropriate free reserv¢$ is n¢¢¢5sary ¢0 Safeguard th¢ ¢harity'S operations. manage cash flow volatility and provide protection against unfore$e¢n redu¢tion5 in incom¢ or un¢xp¢¢t¢d cxpenditure, particularly given the charity's reliance on grant funding and trading income. Free reserves are defined as unresrricted fund$ excludin¥ designated funds and fijnds tied up in tangible fixed assets. The trustee5 have reviewed the chariry's op¢rating eost base and consider that a prudent target level of free reserves is equivalent io ihree month5, core operIng expenditure, whi¢h ¢urrenily equates to approximately £250.000. At 30 April 2025 the charity held negative free reserve5 Qf £217,405, reflecting hi5tori¢ operating deficits and the investment made in stabilising and developing operations and progre55ing building works. The trustees acknowledge that this position is below th¢ target level and gives rise to increased financial risk. The charity is rherefore dependent on continued grant fiding, ndraising $uc¢ess and improved trading perforniance. This dependency is also refl¢¢ted in the material uncertainty relating to going concern d¢ribed in the auditor'5 report. To rebuild r¢5¢rves, the trustees have adopted the following actions.. securing additional unrestricted grants and donation5 improving commercial troding margins implementing cost manag¢m¢nt measures genernting new rental and partnership income streams from the building gradually restoring an operating surplus over the mediwn tern] The trustees will review the res¢rve5 level and target annually Ls part of th¢ budgeting and risk managemeni process. Page 3
Royal Sutton Coldfield Community Tolvn Hall Trust known as SCART Trustees, Report (continued) Aims kry obje¢tives for future periods 2024-2025 accouniing period should be a year of consolidation of operations for the Town Hall, building on the operational re-structure and should allow focu5 to be given to progressing the Renovation Project. The Trust will prioritis¢ th¢ following objectives.. I.. Development of thc Capital funding program and ndIng requests 2: Confimiing th¢ ¢m¢r8ency fiinding specifically for the roof repair and ¢ommenecrnent of the program 3.. Post re-organisation trading improvem¢n¢s leading to SU518inabl¢ trading p¢rfornwJce. 4.. Expand the portfolio to encompass a wider range of th¢ arts and cultural spectrum Aehl¢vem¢nts #nd performanee The Emergency and Enabling works 8$ defined within the renovation project have been progressed well. A lon8 $tanding serious drainage issue has been resolved. The organisation has slabilised to a large degree and the slaff are working well to improve real time processes and perfonnance. The mid-terni ord¢r book is strong. Alms And key obJ¢¢tlve$ for future perlods 2025-2026 accounling period should be a year sustained bu$in¢ss improv¢men¢ and additional rcnovation 4ctiviti¢s for the Trust. The Trust will prioritise the followirt8 objectives.. l.. Cost managemeni with a gtretch target of £SOK saving5 2.. Securing grant, sponsorship and donation funding in 8UPPOrt of the Arts Centre ambition of the Trust 3- Completion ofthe WMCA nded r¢novation works 4- Continued revenue gr0h through innovation in produ¢ts, pricing and user experien¢e Colng ¢on¢ern The charity's financial susiainability 1$ dependent on Securing additional unrestricted grant and fundraising income to support its operating activities. At the date of approval of these financial staiemenls, a proportion of the income assumed within the trustees. forecasts for the next 12 months has not yet been contractually comrnitted or secured. While the trustees are actively pursuing grant applications. sponsorship and fijndraising initiatives. the outcome and timing of these are uncertain. Should sufficient ndIng not be obtained, the charity would need to reduce eXpendire and scale back activities ac¢ordingly. These condiiions indicate the existence of a mAterial uncertainty which Tnay ¢a5l significant doubt on the charity's ability to continue as & going concern. Nevertheless. after considering forecasts and planned mitigating a¢tions, th¢ trustees ¢onsider it appropriate to prepare the financial statements on the going ¢on¢¢rn basis. Dlscloyure of Inform¥lion to auditor Each trustee has taken steps that they ought to have taken a5 a twstee in order to make themselves aware of any relevant audit inforniation and to establish that the charity's auditor 15 awart of that inforn)ation. The trustees confirni thai there is no relevant infomiation th they know of and of which they know the auditor is unaware. Page 4
Roy81 Sutton Coldfield Community Town Hall Trust known as SCART Trustees. R¢port (continued) Structure. governance 3nd rnanagement Rlsk mAn¥4gemeMt The trustees are responsible for thc management of risk and for establishing systems and procedures to mitigate significant risks to the charity's activities, beneficiaries. staff and asset5. The trustees have undertaken a review of the major risks io which the charity is exposed and maintain a regularly updated risk re¥ister. Risks arc assessed in terns of likelihood and poieniial impact, and appropriate controls and mitigation strategies are implemented. The risk re81Ster is reviewed fomially by ih¢ Board at least annually and more frequenily wh¢re si8nifi¢ant operational or financial changes occur. The trustees consider the principal risks facing the Charity to be- Flnanclal iustainability and fundlng rlgk The charity retnains reliant on a combination of trading incom¢, grants and donaiions. Failure to secure sutTiei¢nt unrestricted in¢om¢ ¢ould impact working capital and the charity'$ ability lo meet its obligations. Mitigation.. activ¢ grant applications, diversified income streams, regular ¢ashflow forecasting, cost control measures and implementation of a r¢s¢rv¢5 r¢covery plan. Golng concern and cash flow rl$k Timing differences between grani receipts and expenditure, together with the current level of unrestri¢ted reserves, may T¢al¢ 5hort-temi liquidity pressures. Mitigiaiion.. mon¢hly managemeni account4 rolling 12-monih cashflow forecasts, phased expenditure planning and elos¢ monitorin8 by tnle¢s. Bulldlnl and egpltsl proje£l rlsk 'I'he I'own Hall is an ageing historic building requiring on80in% maintenance and significant renovation works. Unexpecled rcpairs, cosi ovemins or delays could increase expenditure or disrupt operations. Mitl8ation.' planned maintenance programm¢, professional project managemen¢ contingency budgeiing and exiernal nding for ¢apital works. Oper8tlonal aftd irnding r13k Eveni income and venue hiTe levels are sensitive to economic Conditions and local demand, which may affect profitability. Mitigation.. diversified prograTnming, active morketin8, partnerships and regular review of prs¢hng and cosl structures. Governance and tompliance rlsk As a charitable incorporated organisation operating public events and facilitie5, the chariry must comply with charity law, health and safety, licensin& employmeni artd safeguarding requirements. Mitigation.. professional advicc wher¢ required, appropriate policies and procedures, staff training and trustee oversight. The trustees are Satisfied thttt appropriate systems are in place io identify and manage thes¢ risk5 and that the Controls are proportionate io the size and nature of the charity. Nqlure ofgovernlnz doeumeA¢ The trustees confImi that they have complied with the requirements of SECtion 4 of the Charities Act 2011 to have due regard io the public benefit guidance published by the Charity Cotnmission for England and Wales. The Trust is a Charttabl¢ InCOorated Association (CIO) registered with Charilie5 Commission 23rd Febnw 2016 with the charity number 1165712. The Trust is grjverned by a Consti(lOn last amended in July 2018 in preparation for transfer of the freehold of the building to the Trusl and at this point the charitable airns were updated and the Trust renamed (from Sutton Coldfield Arts & Recreaiional TTUSt). Page 5
Royal Sutton Coldfield Community Town Hall Trust known ag SCART Trustees, Report (Continued) Managemenlframework All strategic decision making is undertaken at Tru5t¢¢ Board level, day to day management is undertaken by the appointed senior manager- Liz Camell. The Trust w&$ represented durin¥ this period by Enoch Evans LLP 501icitors and utilised Lloyds banking services. Policy, procedures and HR policies are the responsibility of the 5cnior manager, who is supported by a professional HR advi50r ( HR Caddy of Upper Clifton Road, Sutton Coldfield). The Trust cwies out a wide range of ongoing risk asses5ment5 and the a5SOCi4ted policie5 are the responsibility of the Managing Director. The Tn1 ha$ 8 ¢ontillUOU51y d¢v¢loping Business Continuity plan. Funds held as Cllstodian trustee on behaifof otherj Deserlpllon oflhe assets heldln ihls ¢t7pacIty The Tnt is continuing to provid¢ a banking fa¢ility for the Tudor Community Spons Trust, holding cash on their behalf and enacting payment$ and r¢c¢ipt$ of monie5. Name objects of ihe charlty whose behalf the ossets &rÉ hÉld dftd how ihtsfall$ wlihln ihe cusiodl4n charlty s obJe¢ts Tudor Community Sports Trust (Registered Chariry No: 1188620) operates under leasehold from Birmingham City Council the sports ground5 located at Tudor Road Sutton Coldfield. which dbut ihe site operated by ihe Royal Sutton Coldfield Community Town Hall Trnst. The charity aims to operate the facilities for the benefit of (he local community encouraging wide participation in 5POrts. The Trust further aims to improve and develop the facilities for long tem sustainability. The aim5 of this Charity ar¢ ¢omplTTn¢ntary to th05¢ of the Royal Sutton Coldfield Community town Hall Trust, especially in resp¢¢t of the conservation and community us¢ of a key landmaTk historical 51te within the Royal Town of Sutton Coldfi¢ld Derlllls oforrttngementsforsafe custody andsegregdllon ofsuch eIr0 ihe eliorlty's own assets A separate bank account has been allocated for the holding and manu&>ement of these funds. Ihe Trust rnainiains ¢10 liaison with the Tudor Community Sports Trust as regards related (ransaciional management. Monies held and transacted are reflected in these accounts on ihe balance sheet, outside the P&L. Funds h¢ld at year end- £11.77] (2024.. £4,223). These fithds are ex¢lud¢d from the charity's income and funds. The annual report was approved by the trustees of the charity on 16 February 2026 and signed on its behalf by.. C Bridges TTU5tee am Trustee Page 6
Royal Sutton Coldfield Community Town Hall Trust known as SCART Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statement5 in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires ihe ttustees to prepare financial slatement5 for each financial year which give a twe and fair view of the state of affairs of the charity and of the incoming resources and application of resourc¢5 of the charity for that period. In preparing thes¢ financial statements, the trustees are required to: sele¢t suitable accounting policies and then apply them consist¢ntly' obs¢rv¢ the methods and principles in the Charities SORP; mak¢ judgemertis and e$timates that are reasonable and prndent. state whether applicable accounting standards have been followed, subj¢¢t io orty maierial deparntr¢s disclosed and explained in the financial statements. and prepare the financial st&t¢rn¢nts on the going concern basis unless it is inappropriate to presume that the charity will continue in busines5. The tThstees are responsible for k¢eping proper cOUntIng record5 that disclose with reasonable accuracy at ony lime the financial posltion of the charity and enable them io ensure that the financial statemenis comply with ihe Charili¢s Act 2011, th¢ ChaTlties (Accounts and Reports) Regulation5 2008, and the provisions of the constitution. The trustees are also TC5ponsibl¢ for safeguarding the assets of the ¢harity and hence for taking reasonable steps for the prevetjtion and dctcction of fraud and other irregularili¢5. The injstees are r¢sponsible for the maintenance and integriry of the eorporaie and firtan¢ial inforniotion included on the charithble company's w¢b5i¢e. Legislation governing the preparation and dissemination of financial stAtemertts rnay differ from legislation in other jUT15diction5. Approved by the trustee5 of the charity on 16 February 2026 and sign¢d on its behalf by.. C Bridges Trustee I'ru5tee Page 7
Royal Sulton Coldfi¢ld Community Town Hall Trust Iinown as SCART Independent Auditor's Report lo the Members of Royal Sutton Coldfield Community Town Hall Trust Opinion We hay¢ audited the financial swements of Royal Sutton Coldfield CoTnmunity Town Hall Trust (the 'charity'i for the year ended 30 April 2025, whi¢h cotnprise the Statement of Financial Activities, Balance Sheet. and Notes to the Financial Statements, including a summary of siunifieant a¢¢ounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland, 8nd appli¢abl¢ law (United Kingdom Generally Accepted Accounting Practice). In our opinion th¢ financial 5tatement5'. give a true and fair view of the state of the charity's affairs as at 30 April 2025 and of its incoming resouwes and application of r¢sour¢¢s. including its income and expenditure, for ihe year then ended. have been properly prepared in accordance with United Kingdom Gcnerdlly Accepted Accounting Practice., and have been prepared in accordan¢¢ wilh the requiremenis of the Charitie8 Aet 2011. Basis for oplnlon We conducted our audir in accordan¢e with International Standards on Audiiing (UK) IISAS (UKI) and applicable law. Our responsibilities under those sthndards are further described in the audiior r¢spon5ibilitle5 for the audit of the financial siaiement5 section of our report. We are independent of ihe charity in aceordan¢¢ with the ethical TequireTnents that are relevant to our audit of the financial statements in the UK, including the FRC'S Eihical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe the audit eviden¢e we hav¢ obtained 15 Sufficient and appropria1¢ to provide a basis for our opinton. Conclusions relating to going concern In auditing the financial statements, we have ¢on¢luded that the mistees, use of the going ¢onc¢rn basis of accounting in the preparation of the financial siatements is Appropriate. Our re5ponsibiliiies and the responsibilities of the trustees with respect 10 goin8 Concern are described in th¢ r¢levant Sections of this report. Material Uncertainty Related to Going Concern We draw attention to the going concern disclosures in Note I to the financial statements. The charity incurred an unre5tricred operating deficit during the year and. at 30 April 2025. held net unrestricted liabilities of £217,405. The tNstees' forecasts indicate that the charity will require additional unrestricted grant and fvndraising incom¢ in order to meel its liabilities and operational commiiments a5 they fall due over the hvelve months frorn th¢ dat¢ of gpproval of the financial sw¢m¢nls. At the date of approval, a proportion of this income has not yet been secured or contractually committed. These evenis or conditions indicate thai a material uncertainty exists that may cast significant doubt on the charity's ability io ¢ontinu¢ ps a going concern. Our opinion is rtot modified in respect of this matter. Other Informatlon The trustees are responsible for ihe other inforn)aiion. Th¢ other inforniation comprises the inforniation included in the annual report. oiher than the financial statements and our Auditor's report thereon. Our opinion on the financial statement5 does not cover the other infotThation and. except to th¢ ¢Xient otherwise explicitly staled in our repory we do not express any fomi of assuran¢e ¢on¢lusion thereon. Page 8
Royal Sutton Coldfield Community Town Hall Trnst Itnown as SCART Independent Auditor'5 Report to the Members of Royal Sutton Coldfield Community Town Hall Trust (continued) In connection with our audit of the financial statetnents, our responsibility is to read the other inforniation and, in doing 50, consider whether the other infomiation is materially incon5iStent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially mis5taled. Ir we identify such material inconsistencies or apparent material misstatements. we are required to deterynine whether there is a material misstatement in the financial 5tatem¢nts or a material misslaiement of the other information. If, based on the work we have perfornied, we con¢lude that there is a material misstaiement of this other information, we are required to report that fact. We have nothing to report in this regard. Matt¢rs on whlch we are requlred to report by ¢x¢¢ptlo In the light of our knowledge and UTbderstanding of ihe charity and its environmeni obtsined in the ¢ours¢ of the audiL w¢ have not ideniifi¢d rnat¢rial misstatements in the Trustees, Report. We have nothing to report in respect of the following matters where the Chariiies (A¢¢ounis and R¢port) Regulations 2008 requires us to report to you if, in our opinion-. 4d¢qua¢e accounting records have not been kept, or returns adequate for our audit have not been received from brdn¢he5 not Vlsited by us; or the financial stat¢m¢nts are not in agreement with the aecouniing reeords 2nd returns,. or ert&in disclosures of tjustees remuneralion specified by law are not made. or we have not rt¢¢ived all the infomiaiion and explanations w¢ require for our audil. Responsibilitl¢s of Iruslee5 As explained more fully in the Staiement of Trustees, Responsibilities {5et out on page 7), the trustees are responsible for the preparation of the financial statements and for being satisfi¢d that thcy give a true and fair view, and for such internal control as the iru51¢e5 determine is necessary to enable the prepAration of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the finonciol slktemenis, the tSte¢S are responsible for assessing the charity's ability to continue as a going oncern, disclosin¥, as applicable, mAtters related to going concern and Using the goin¥ concem basis of accounting un1¢5S th¢ trustees either intend to liquidate the charity or to cease operations, or have no realistic alierna(ive but to do $0. Akndltor Regponylbilitiej for the audll (If the flnancSal $tat¢ments Our objcctive5 are to obtain re&sonabl¢ assurance about whether the financial statements as a whole are free from material mi55tatement, whether due lo fraud or eOr, and to issue an auditor's report that includes our opinion. Reasonable assurance 15 a high level of assurance, but is nol a guarantee that an audit conducted in accordance wilh ISAS {UK) will always detect a material Mi$51at¢m¢nt when it exists. Misstatemenls can arise from fraud or error and ar¢ ron5idered material if. individually or in the aggregate, they could reasonably be expected to influence the ¢conomi¢ d¢cisions of Users taken on the basis of these financial statements. The extent lo which our procedur¢s ar¢ capable of detecting [egUlaritIeS, including fraud is detailed below: Irregtslarities, including fraud, are instan¢es of non-compliance with laws and regulaiions. We design procedures in line with our responsibilities. outlined above, to detect material missiaternenis in respect of irregulariiies, in¢luding frdud. The ¢xt¢nt lo which our procedures are capable of detecting irregularities. including fraud is detsiled below.. Based on our understanding of the Charity and its industry, we identified that the principal risks of non-compliance with laws and regulations rela(Ed to brea¢h¢s of UK and European regulatory principle5. and we consider¢d the extent to which non-compliance might have a material etT¢ct on the financial statemenis of rhe Charity. We also consider¢d those laws and regulations that have a direct irnpa¢t on the fInan¢ial statements of the Charity, such as Ihe Companies A¢t 2000 and UK tax legislation and equivalent local laws and regulations applicable to in-5cope components. Page 9
Royal Sutton Coldfield Communlty Town Hall Trust known as SCART Independent Auditor's Report to the Members of Royal Sutton Coldfield Community Town Hall Trust (continued) We have also evaluated management's incentives and opportunities for frdudulent rnipulation of the financial sthtements including the risk of oveide of controls and detem)ined that the principal risk5 are related to manag¢]llent bias in aecounting estimates and judgemental areas of the financial staternenis. Audit procedures perfomied by the engasement team included: discussion5 Ivlth the Board of Tw5tee5 and management. regarding consideration of known or susp¢¢i¢d instances of non-compliance with laws and regulation and fraud evalualion and testing of the operating effe¢tiv¢nes5 of management's controls designed io preveni and deteci irregularities. r¢vi¢wirtg relevant meeting minutes in¢luding those of th¢ Board of Trustees: identifying and testing journal entries based on risk eriteria,. We designed our audit pedureS to incotporate unpredictsbility around th¢ natur¢. limin¥ or ¢xlent of our testing. and testing transactions erttered into outside of the nomial course of th¢ Charity's bu5in¢5s specifically in respect of acquisitions 8nd disposals. As part of on audil in ac¢ordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the uudit. We also: Identify and assess ihe risks of maierial misstatement of the financial statements. whether due to fraud or error, d¢5ign and perforni audit procedures responsive to those risks. and obtain audit evidence ihat is su1Clent and appropriate to provid¢ a basi5 for our opinion. The risk of rto¢ detecting a material missia¢ement resulting from fraud is higher than for on¢ T¢5ulting from error. as fraud may involve ¢ollu$ion, forgery, intentional omissions, misrepresentalions. or th¢ override of int¢rnal control. Obtain an understanding of internal control relevant to the audit in order io design audit proc¢dur¢s thai are appropriate in the circumstances. bui not for the purpose of expressing an opinion on ihe effeuiveness of the Charity's internal ¢onlrol,. Evaluate the appropriateness of accountin8 policies used and the reasonableness of accounting estimate5 and related disclosures made by the trustees. A furthcr de%riplion of our r¢spon5ibilitie5 is available on the Financial Reporting Couneil'$ w¢bsi¢e at- www.fr¢.org.uklauditorsresponsibilit1¢5. Thi5 d¢scription fomis part of our auditor's report. Bissell & Brown Midland5 Ltd is eligible for appoinlment as auditor of the charity by virtue of its eligibility for oppointmeni auditor of a company und¢r s¢eiion 1212 of the Companie$ Act 2006. Use of our report This report is made solely to the charity Ite¢s. as a body, in accordance with section 144 of the Charities Act 2011 and regulation5 made under section 154 of that Act. Our audit work has been undertaken so that we might state to the trus¢e¢s those matters we are required to stat¢ lo tN5tee5 in an auditors, report and for no other purpose. To the fullest extent pemitted by law. we do not accept or assume responsibiliry to anyone other than the charity and it5 trustees a5 a body, for our audii work, for this report, or for th¢ opinions we have fornied. Page 10
Royal Sutton Coldfield Community Toivn Hall Trust kDOWn as SCART Independent Auditor's Report to the Members of Royal Sutton Coldfield Community Town Hall Trust (continued) Paul Matthews FCCA (Senior Sthtory AAitOr) For and ott behalf of Bissell & Brown Midlands Ltd, Statut¢)ry Auditor Charter House 56 High Street Sutton Coldfield West Midlands B72 IUJ 16 F¢bw 2026 Page 11
Royal Sutton Coldfi¢ld Community Town Hall Trust known as SCART Statement of Financial Activities for the Year Ended 30 April 2025 Total 2025 Unrestrlcted Restrlcted Note In¢ome gnd Endowments frorn: Donation5 and legacies Charitable activities Inve5tm¢nt income 72,857 941,436 2,242 455.241 9.650 528,098 951,086 2.242 Total income 1,016,535 464,891 1,481,426 Expenditure on: Charitable activities {1,068.816) (331.623) 1,400.439) Total expendiiure Ne¢ (expenditureyin¢ome {1.068.816 1331.623 (1,400,439 52281 133,268 80.987 Net iDov¢ment in funds (52,281) 133.268 80,987 Reconelllatlon orrund$ Total fvnd5 brought forward Total funds Caled forward 165.124 281,640 16,516 16 217.405 414.908 197,503 Unreslrl¢ted fundg Restrlct fund3 Tot*1 21124 Note Ineome And Endowments from: Donations and legacies Charitable acrivities Investment income 261 862,546 2,566 532 10,000 793 872,546 2,566 Totsl income 865,373 875 905 Expenditure on: Charitable activiiies {979,565 16,709 (996,274 Totsl expenditur¢ (979,565 16,709 996,274 Net expenditure 14,192 6,177 120 369 Net movement in fijnds 1114,192) (0,177) (120.369) Reconciliation of fuDds Total funds brought forward Total fimd5 Caled forward 50.932 287,817 236,885 16 165,124 281.640 16,516 The notes on pages 14 to 23 form an integral part of these financial statements. Page 12
Royal Sutton Coldfield ComllJuDity ToTrvD Hall Trust known Yds SCART (Registration number: 1165712) Balance Sheet as at 30 April 2025 2025 2024 Note Fixed assets Tangible assets 258,895 264,761 Cllrrertt Amets Stocks Debtors C&sh at bank and in hand 10 6,292 56,217 311,607 9,540 31,197 184,719 12 374.116 225,456 Credltors: Amounts falllng due wlthln one year Net eurreml 45$etsl(IIAbllitles) 13 (344.508) 255,701 29,608 30,245) Total 8s5¢ts lesi current Ilabllltles 288,503 234,516 Credltors: Amounts falling du¢ after rnore than one year Jyet asg¢ts 14 {91,000) 197,503 118,OCM)) 116,516 Fund8 of tht ¢harlty: Restrieted inrome funds Resrricied ndS 414,908 281.640 Unrestrleted Income funds Unrestricled fithds 217,4051 197,503 165,124 Total fund$ 16 116,516 The financial statements on pages 12 to 23 were approved by the trusiees, and authori5ed for issue on 16 Febrnary 2026 and signed on th¢ir behaifby.. C Bridges Tntee The notes on pages 14 to 23 fomi an integrdl part of these fin8ncial statements. Page 13
Royal Sutton Coldfield Comjnunity Town Hall Trnst known as SCART Notes to the Financial Statements for the Ye¥dr Ended 30 April 2025 l A¢Coun¢lg pollcies Statement of complian¢e The financial statements have been prepared in accordance with the second edition of the Charities Statemeni of Recommended Practice issued Tn O¢tob¢r 2019, the Financial Reporting Standard applicable in the United Kingdom 2nd Republic of Ireland (FRS 102) and the Charities Act 2011. Ba$ls ofpr¢phratlon Royol Sutton Coldfield Community Town Hall Trust meets the defirtition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at ¢05t or transa¢tion valu¢ unles5 Othernvi5e stated in the relevant ttot¢l$) to the5c Accounts. The financial statements Are presented in £'s and rounded to the nearest pound. Colng tott¢ern The tNsiees have prepared e8$h fIow forecasts and budgets coverin8 8 period of at le&st twelye months from the dale of approval of these finanrial 51atement5. These forecasts indicate that th¢ ¢harity will Tcquirc additional unrestricted grant and donation income to me¢¢ ils li8bililies as they fall due. At the date of approval. a proportion of thi5 forecast income has not yet been secured or eontrACtually committed. The charity is therefore dependent on ihe su¢¢¢95ful outcome of ongoing grant application$ and fvndraisin8 a¢iiviii¢g. Whi151 the trustees believe that these ndIng $treams are hleVable and have identified mitigating actions including cosi controls and expenditure reductions. the uncertainty over the timing and receipt of this income indicates ihat a tnaterial uncertainty exists which may cast significant doubt on the charity's ability to continue as a going concern. The financial statemenls do not include any adjustments that would arise if ihe charity were unable to continue &$ a 80ing oncem and have ther¢fore been prepared on ihe 80in8 concErn basis. Income and endowments Voluntary income including donations, gifts, legacies and 8ran15 Ihat provide core ndIng or are of a general nature is recogni5ed when the charity h&5 entitlcment to the income, it is probable Ihal ¢h¢ income will be received and the amount an be measured with 5uIYicient reliability. Dt>nailons and legaeles t)onations which have been collected for a specific purpose are treated &$ restricted income. Grnnts receivqble Grants are recognised when th¢ charity has an entitlement to the fund5 and any conditions linked to the grants have been met. Where perforniance conditions are attached to thc 8rant at]d ar¢ yet ¢0 be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Deferredlncome Income collected for events after the balance sheet are treated AS deferred income. Page 14
Royal Sutton Coldfield Community Town Hall Trnsl knoivn ¥dS SCART Notes to the Financial Stat¢ment$ for the Year Ended 30 April 2025 (continued) Expenditure All expenditure is recognised once there 15 a legal or constNctive obligation to that expenditure. it is probable settlement is required and the amount Can be m¢a5ured reliably. All costs are allocated to the applicable exp¢nditure h¢ading that aggregate similar costs ¢0 that category. Where costs cannot be directly attribut¢d ¢0 parti¢ular headings th¢y have been allo¢ated on & bASiS ¢onsi5tent with the use of resources, with ¢¢ntral staff ¢0S15 allocated on th¢ b15 of time spent. and depreciation charge5 allocated on the portion of the assei'$ use. Other support Costs arc allocated based on the spread of staff costs. Ch&rli&ble acilvliks Charitable expenditure comprises those cosis incurred by ihe clwity in th¢ deliv¢ry of its activities and seryices for ils beneficiari¢5. It include5 both costs that can be allts¢ated dirrftly to such activitie5 and those Cost5 of an indir¢¢t natt¢ ne¢¢$sary to support them. Covernllnce eo$t$ These include the costs attributable to the charity'$ ¢ompliaD¢e with Constitutional and statutory requirements, includin8 audiL strdtegic management and trustees meetings and reimbursed expenses. Government grllnts Gov¢rnm¢nt and other public authority grants 8r¢ r¢rognis¢d using lh¢ a¢¢&1 model in a¢cordan¢e with FRS 102 and the Charities SORP. Grani income is recognised when the Charity has entitlement to the filnds, re¢eipt is probable. and ¢h¢ amount can be measured reliably. Grant5 are classified according to the nature of the eXpendire they are intended to nd.. Revenue grant5 (awarded to support daY-tdAY operntion81 or revenue expenditure) are recOlSed in income in the Statement of Financial Aciivities in the period in which the related expenditure 15 incutred. Where no future perfomionce ¢onditions apply. revenue gronis are re¢ogni5¢d inunediately on entiilement. Capital grant5 (awarded for ihe purchase, ¢on$tTUCtion or impTovement of tangible fixed a55ets) are initially recognised as deferred income within creditors and released io income sysiematically over the expected use] life ofthe related asset, congistent with ihe depreciation policy applied io that asset. Where grant funds are received in advance of entitlement or where perfoThance conditions have not yet been me( amounts are deferred and recognised &s income in the period in which the condition5 are satisfied. Grnnts received in respeci of repair and maintenance works that do not enhance or extend the use] life of an &sset are treated as revenue wts and recognised immediately in income. T4xatio The charity is considered to pass the tests Set out in Paragraph I Schedule 6 of the Finance A¢t 2010 and therefore it meets the definition of A charitable company for UK corporation lax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within Categories ¢overed by Chapter 3 Pan I l of the Corporation Tax Act 2010 or Section 256 of the TallOn of Chargeable Gains Aci 1992, to the extent that such income or gains are applied ¢xclu5ively to charitable purposes. Tgngible fixed assets Individual red assets Costing £500.00 or more are initially recorded ai ¢OSL less any subsequent accumulated depreciation and subsequent accumulated impaim)ent losses. Page 15
Royal Sutton Coldfield Community Town Hall Trust known as SCART Notes to the Financial Statements for the Year Ended 30 April 2025 (eontinued) Depreciation and am(Irt1tlon Depreciation is provided on thngible fixed assets so as wrlie off the cost or valuation, less any estimated residual value, over their expected useful economic lif¢ as follow$- A55et cl855 Office Equipment Theatre Equipment Depreclatlon method and rate 250/0 straight line 25b/o Straight line Stock Stock is valued at the lower of ¢o%t and ¢slimated sellin8 Price less costs to complete and sell. after due regard for obsole and slow moving stocks. Cosi is deterniined using the first-in, first-out (FIFO). Tr•de debtors Trade debtors are amounts due from customers for mer¢handise 501d or 5ervice5 perfonned in the ordinary course of business. .1 rade debtors are recognised initially at the transaction price. They are subsequ¢nlly m¢a$ured at amortised cost using the ¢ff¢ctive interest method, les5 provision for impairnient. A provision for the impoimient of trade debtors 15 established whcn thcre is objective evidence that the charity will not be able to collect all amounts due a¢¢ording to the original temis ofthe receivables. Cash nd cash equlvol¢nts Cash and cash equivalents cornprise cash on hand and ¢all dcposits, and other short-temi highly liquid investments Iha¢ are readily convertible io a known amount of cash and are subject lo an Insignifint risk of change in value. Trade eredltors Are obligalions to pay for good5 or services that have been acquired in the ordinary ¢our5e of busine$5 from suppliers. Account5 payable are Classified e$ current liabilities if the charity does not have an unconditional right, at the end of the reporting period. to d¢f¢r %ttlement of the creditor for at lekst twelve months after the reporting date. If there is on un¢onditional right io defer $ettl¢Tneni for at least twelve months after the reporting date. they are presented as non-current TTade creditors rre recognised initially at the transaction pri¢e and sub$¢quently measured at amortised cost using the effective interest method. Fund o¢¢ountiTrg Unrestricied income fvnds are general ndS that ore available for use at the tN5tee5 discretion in furtherance of the objectives of the charity. Designated ndS are unrestricted fvnds set aside for speeific purposes at the discretion of the tstee$. Restricted income funds are thos¢ donated for use in a parti¢ular area or for 5p¢¢ific PUTPOS¢S, the use of which is restricted to that area or purpose. Page 16
Royydl Sutton Coldfield Community Town Hall Trust known as SCART Notes to the Financial Statements for tbe Year Ended 30 April 2025 (eontinued) Pensions other post retirernent obllgatlons The Charity operdtes a defin¢d ¢ontribution pension scheme which is a pension plan under whieh fixed contributions are paid inw a pension fund and th¢ charity has no legal or constructive obligation io pay fulther contributions even if th¢ fund does noi hold suificient assets to pay all employees the b¢nefits r¢laiing to employ¢¢ s¢rvi¢e in the cuent and prior periods. Contribution5 to defined contribution plans ar¢ r¢¢ognis¢d in the Statement of Financial Activitie5 when they are due. If Contribution paents exceed the contribution due for s¢rvic¢, the exces5 IS Tecognised a5 a prepayment. 2 Ineorne from donatlon3 and legaeicy Unrestrlcted funds CenerAI R¢$trl¢ted furtds TotAI nds Grants. in¢luding capital grants., Government grnnts Regular giving and capitttl donations 70,830 2,027 451,111 4,130 521.941 6,157 Tol41 for 2025 72,857 455,241 528,098 T•141 for 2024 261 532 793 3 In¢om¢ from eharltsble &ctlvltleg Unreytrleted funds General Re5trlcted runds To¢91 fvnds Room Hire Income In house shows / concerts Sale of food and drinks her income Grant$ 209,618 442,089 257,313 32,416 209.618 442,089 257.313 32,416 9.650 9,650 Tothl for 2025 941,436 9,650 951,086 Total for 2024 862,546 10,000 872,546 4 Inves¢Thtnt ineorne Unrutricted funds Cenernl Total funds Interest receivable and similar incom¢. Interest receivable on bank d¢posit$ Total for 2025 2.242 2,242 2.242 2,242 Totsl for 2024 2.566 2.566 Page 17
Royal Sutton Coldfield Community Town Hall Trnst known as SCART Notes to the Financial Statements for the Year Ended 30 April 2025 {continued) 5 EKpendlture on eharltable actlvitles Unrestricted funds Designated Genernl Restrleted funds Tot81 2025 Total 2024 Alcohol and food Event fees Wages Employ¢rn NIC Employers pension Subcontract Staff training Equiprnent hire Accountan¢y Audit Fee$ Independent examiner fee Legal and professional Cleaning Rates R¢pairs and renewals He81 And light Tel¢phon¢ Insurance Advert15in8 Computer Office costs Sundry Subwriptions Bad debt Bank fee5 Plant depreciation Fixtures depreciation 95,474 363,127 306,357 15,571 3,698 317 980 24,250 8,000 5,000 95,474 363,127 314,657 15,571 3,698 317 980 24,250 8,000 5,000 93.257 301,824 247.767 10,178 3.071 27.112 1,333 21,232 4.725 8.300 1,500 63,247 6,416 8.185 62.563 40,810 5,327 19,775 12,756 ,651 6,675 6,252 4,862 1,479 38.629 4,874 774 13.950 22,502 6,706 ,703 41,997 40,992 5,939 21,354 19,515 .376 2,820 5,606 1.289 150 32,868 1,967 2,761 3,100 39.552 6,700 8,703 368.618 40,992 5,939 21,354 19,515 8,376 2,820 5,606 1,289 150 32,868 3,869 2,761 326.621 1,902 1,046 319 331.623 1,400,192 996,274 6 Trustees remuoeratlon And expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. Page 18
Royal Sutton Coldfield Community Town Hall Tnt kDown as SCART Note5 to the Financial Statements for the Year Ended 30 April 2025 (Continued) 7 Independent exarniner's remuneration 2024 Examination of the financial statements 1,500 During the year £8.000 (2024.. £4.750) was paid for other services provid¢d in addition to remuneration for th¢ independent examination. 8 TwKation The chariry is 8 r¢gist¢r¢d charity and is therefore exempt from tsxation. 9 Tang5ble fixed Assets Lond and bylldln8S Furnltur¢ •nd ¢qylpment Tot*1 Coit At l May 2024 Addition$ Disposals At 30 April 2025 250,(XN) 46,667 1,012 (7,541) 296.667 1,012 (7,541) 250,000 40,138 290,138 Depr¢¢iotlon At l May 2024 Char8e for the year Eliminat¢d (Trn disposals At 30 April 2025 31,907 6,630 (7,294) 31,907 6.630 (7,294) 31,243 31,243 Net book value Al 30 April 2025 250,000 8.895 258.895 At 30 April 2024 250,0(X) 14.760 264,760 10 Stork 2025 2024 S¢ocks 6.292 9.540 Page 19
Royal Sutton Coldfield Community Town Hall Trust Imown as SCART Notes to the Financial Statements for the Year Ended 30 April 2025 (continued) 11 Debtors 2025 2024 Trade debtors Prepo>Trnents Other debtorg 19.772 14,495 21.950 19,786 56,217 31.197 12 Co$h and Cash equlvalents 2025 2024 Cash on hand Cash at bank 9.656 301,951 2,455 182,264 311,607 184,719 13 Credltors: •mounls falllng due wlthln one year 2025 2024 Trade creditors Other loans Other taxation and social Urity V A T grant repayabl¢ Other creditors Accruals 171,909 27,OCK) 3,270 103,854 22.000 2.890 28,956 79,825 18,176 103,295 39,034 344,508 255,701 14 Creditors: amount$ f*lling due after one ye4r 2025 2024 Other loans 91,000 118,000 15 Pension ¥Jnd other schemej Defjned tontribution peTr8lon $chem¢ The charity operates a defined contribution per]sion 5¢heme. The pension cost charge for the year r¢pr¢s¢nts ¢ontribution5 payable by the charity to the scheme and amounted to £3,698 (2024- £3,071). Page 20
Royal Sutton ColdfieId Community Town Hall Trust known 28 SCART Notes to th¢ FRnan¢ial Statements for the Year Ended 30 April 2025 (conlinued) 16 Funds Bgi•N¢e at I May 2024 Incomlng r¢sour¢e$ Resoyr¢es ¢xp¢nded B•lance at 30 April 2025 Unrestrlcted furtdg General General fund (220.755) 1,016,535 {1,046,566) {250,786) Deslgnatsd Sir Doug Ellis- Town Hall Support (RFJJ02) 55,631 122,250) 33.381 Total unrestrttted funds (165,124) 1,016,535 (1,068.816) (217,405) Rutrieted fundy Public Donations - Renovaiion Project (RF.001) RSCTC- Te¢h Grant {PS-0041 Bim)ingh8m City Council - Freehold Asset Transfer IRF-005) Towrt H811 US5 Company Ltd (R4)9) Op¢ration41 R¢s¢rve (RF-020) Criffel Trust R¢novation Grant (RF-021) BMC - (RF022) WMCA - (RF030) WMCA - (R5031 > 3,005 4.388 130 (725) (1,902) 2,410 2,486 250,000 8,247 6,000 10,o¢)o 250,0(K) 7,436 8,615 2,817 884 4,000 (1,385) (7,183) (8,766) (57,000) 253,851) 9,650 57.000 394,111 140,260 Tothl reytrlcted funds 281,640 464,891 (331,623 414,908 Totgl funds 116.516 1,481,426 (1.400.439) 197,503 Page21
Royal Sutton Coldfi¢ld Community Tolvn Hall Trust known as SCART Notes to the Financial Stalements for the Year Ended 30 April 2025 (eonlinued) BAlanee ¥4t i May 2023 Ineomlng re50urees Resources expended Balance at 30 April 2024 UnTfStricted funds Genernl General fund (150.753) 865.373 (935.375) (220,755) Sir Doug Ellis- Town Hall Support (RF-002) 99.821 (44,190) 55,631 Total unrestricted funds (50,932) 865,373 (979,5651 (165,124) Restricted Public Donaiions- Renovation Proje¢¢ {RF-001) Blmilnh&M City Council R&M Grant (R-003) RSCTC - Tech Grant {RF-004) Birniingham City Council - Freehold Asset Transfer (RF-005) Town Hall Users Company Ltd {RF-009) Operaiional R¢serve (RF-020) Criffel Trust Rertovaiion Grant (RF4)211 6,895 532 (4.422) 3,005 ,467 7,455 (8,467) (3,067) 4,388 250,000 9,000 6,000 250.000 8,247 6.000 10,0 1753) 10,000 Totgl reJtrl¢ted fund 287.817 10,532 16,709) 281,040 Total funds 236,885 875,905 {996.274 116,516 The spe¢ific PUTP05es for which the funds are to be applied are a5 follows.. RF-001 Public Donations towardy Renova¢iort Project. Fund5 expended on Phase 2 of the renovation project. RF-002 - Sir Doug Ellis Town Hall Support donation was designated for the refurbishment of the town hall. RF-004 - Funds held for expenditure as per original agreement with donor and to cover depreciation costs of items purchased through these grant funds. RF-005 - Non-cash fund being th¢ market value of the freehold property due for re-valuoiion 2024. RF-009 - Funds held against Th¢Jtreltechnical spend. RF-020 - Allocated as an QP¢Tational reserve from CRF Round 3 Ans Council (UF19). Intended as emer8ency reserve fijnds for the operating business, subject to Trustee approval for release RF-021- Criffel Trust Renovation Grant to assist with buildin8 renovations. RF-022 - Funds allo¢ated for health and safety improvements, including Staff traTnin& installation of new CCTV for building security, and refurbishment of ihe kitchen fridge and chiller RF4)30 - Funds allocated for consultancy servic¢s for roof pairs, ba5¢m¢nt conv¢r5ion to comm¢wial space, and lands¢aping works RF-031- Funds allocated for roofing work$, alt¢ration work5 on lower ground, and landscaped pathway works Page 22
Royal Sutton Coldfield Community Town Hall Trust known as SCART Notes to the Finaneial Statements for the Year Ended 30 April 2025 (continued) 17 Staff eosts The aggregate Pa1 costs were as follows: 2025 2024 Staff ¢osts dyrlng the ye4r Tvere: Wage5 and salaries Social security costs Pension costs 306,357 15.571 3.698 239,533 10.178 3,071 325 626 252,782 The monthly average number of persons (including senior management team) employed by the charity during the year was a5 follows: 2025 No 2024 No Charity siaff 24 24 No employee re¢¢ived emoluments of more than £60,0 during the year The total ernployee benefits of the key management personnel of the charity were £33.250 (2024- £27,112). The rhi¢f executive ol¢tr, as the highest paid member of $taff. re¢eiYed bcnefits totalling £33,858 (2024- £27,112). 18 Related party tran¢tOnI There were no relatsd party transaclions in the year. Pag¢ 23
Royal Sutton Coldfield Community Tovrn Hall Trust known as SCART Statement of Financial Activities by fund for th¢ Year EDd¢d 30 April 2025 Total Unrestrl¢t¢d fuftd8 2025 Unr¢stricted funds 2024 Income and Endowments from: Donations and legacie5 Charitable activities Investment income 72.857 941,436 2.242 261 862.546 2.566 Total in¢ome 1,016,535 865.373 Expendlture on: Charitable activities (1,068,816 (1,068.816) (979.565) Total expenditure (979.565) Net expenditure (52,281) (114,192) Net movement in ndS (52,281) (114.192) R¢con¢lll*tlon of ndS Total fvnds brought forward Total fiwids carried forward (165,124 (50,932) 165,124 217,405 This pa8e does not foryn part of the statutory financial stalernents. Pag¢ 24
Royal Sutton Coldfield Conjmunity Town Hall Trnst known as SCART Statement of Financial Aelivities by fund for the Year Ended 30 Aprll 2025 (eontlnued) Total Restrletsd nds 2025 Restricted fuDds 2024 Incom¢ Endowments from: Donations and l¢wi¢$ Charitable a¢tivitie5 455241 9,650 532 10.O(K) Total income 464,891 10,532 Exp¢ndlture oll: Charitable activities (331.623 16.709) Totsl expendtture Net in¢om¢1(expenditse) Net movemeni irt funds 331,623 16.709 133,268 6.177 133,268 (6.177) RecoDelll*tloD or rund# Totsl funds brought forward Totsl fimds carrted forw4rd 281,640 287,817 414,908 281,640 Thi5 page doe5 not forn) part of the statsLtory finan¢ial staternents. Pa8e25
Royal Suttoll Coldfield Community Town Hall Trust known as SCART Detailed Statement of FiDan¢i81 Activities for the Year Ended 30 April 2025 Tot81 2025 Totsl 2024 Income Endowmeots fron: tkjnations and legacies (analysed below) Charitsble activities (8naly5ed below) Inve%tTnent incorne (analysed below) 528.098 951,086 2,242 793 872.546 2.566 Totsl income 1.481,426 875,905 Expendlture OTh: Charitsble activiti¢$ (anAlysed below) Total expendiwre Nei in¢ome/(exF¢nditUTe) {1,400.439) 996274) 1.400,439 996,274) 80,987 120.369 Net movement in funds 80,987 (120.369) Reeonelllallon of fulldj Total funds br(w8ht forivard Total fid$ carried forward 116.516 236,885 116 516 197503 This page does not fomi part of the statutory financial statements. Page 26
Royal Sutton Coldfi¢ld CommuDity Town Hall Trn5t known as SCART DetaiIed Statement of Financial Activities for the Year Ended 30 April 2025 (continued) Total 2025 Total 2024 Donqilons legacies Appeals and donations Appeals and donations UK Governmeni grants UK Government grants 4,130 2.027 532 261 70,830 528,098 793 Chdrll&ble eetlvlrl Grants- other agencies Sponsorship In house shows / concerts Sale of food and drinks Room hire income Other income 9,650 10,000 6,300 394.652 249.363 202.506 9,725 872,546 442.089 257.313 209,619 32,415 951.086 Invesimeni Ineome Interest on cash deposits 2,242 2,566 2,242 2,566 Charli&ble d¢ilvlile5 Opening stock Alcohol and food Direct COS18 C105ing stock Hire of other assets (Operating I¢e5) Wages and salaries Wages and s&lariey Staff NIC {Employer5) Staff pensions {Defined contribution) Subcontract cost Staff training Rates Light. heat and power Insurdnce R¢pairs and rert¢wals Repair5 and renewals - Restricted Repairs and renewals- Unrestricted Telephone and fax Computer software and maintenance costs Printin& postage and ststionery Trade subscriptton5 (9,540) (92,226) (363,127) 6,292 (24.250) (8.300) (306,357) {15,571) (3,698) (317) (980) {8.703) (40.992) (21,354) {6,506) {96,2911 (301,824) 9.540 (21,232) (8,234) (239,533) (10,178) (3.071) (27,112) (1.333) (8,185) (40,810) (19,775) {4,476) (13,642) (44,445) (5.327) (1.651) (6.675) (4,862) (326.621) (41.996) (5,939) (8,376) (2,820) (1.289) This page does not forni part of the Statutory financial statement5. Pag¢ 27
Royal Sutton Coldfield Community ToTrvn Hall Trust l(noTYn as SCART Detailed Ststement of Financial Activities for the Year Ended 30 Aprll 2025 (eontinued) Totsl 2025 Total 2024 Sundry expenses Cleaning Adv¢flising Accountancy fees The audit of the chariws annual accounts Consultsncy fres consultan fees- Restricted CoLsuhancy fees- Unrestricted LegAi ot)d prof¢ssional fre5 L¢gal and profe55ional fees Bad debts Mritten off B4nk charges Bank interest payable Depreciation of plant and machinery Depreciation of plant and Mh]nery Depreciation of fixtures and fittings (Profityioss on sale of tBn8ible fix¢d 8$9¢1$ h¢ld for charity's OWIJ Use Independent examineffs fte {5.606) (6,706) (19,515) (8,000) (J.000) (12.300) {3,100) (21.360) (1,650) (1.142) (150) (32.870) (6252) {6,416) (12,756) (4,725) (21.895) (31,767) (9.585) (1.479) {38,629) {1.902) (1,966) (2.762) (247) (3,067) (1,807) (774) 1,500 (1,400,439 (996.274 This page does not forni port of the statulory financial statements. Pa8e28