Charlty rnglstration number 1166307 (England and Wal9$1 NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Caladine Chartered CerliFied Accountants
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY LEGAL AND ADMINISTRATIVE INFORMATION Mrc Regan Ms J Wright Mr J West Ms C Steven8 Ms FAlade Charlty numbèr (England and Wal) 1166307 Prlnclp*l addrnss Blackfen Community Llbrary 7-9 Blackfen Parade Blackfen Kent DA15 9LU Ind•pendont •x•mlner Colln Dad6well FCA FCCA DChA Caladine Llmllod Chanty House 22 uprtOn Road Ea81boume E881 Sussex BN21 1BF B•nk•rn Lloyd8 Bank pl¢ Butler Place Chelmsford Essex CM1 1JS
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY CONTENTS Pag• Tru5teeB' report Statement of Iru¥tees' spOn81b11lI18& Independent examinerfs report Slatem8nl of finarKi81 actlvltle$ Slalemenl of financlal po8ltlon Not88 lo the finan1 8tatemgnt8 8-18
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 As trustèes of the charfty. we are pleased lo prasenl our annual report for th• year ended 31 Mafth 2025. This year has been marked by significant growth in attendance, increased community engagement, and the irtrodLLtion of new inrtialive8 aimed at supporting our community. The financial statements have been prepared in accordance with the accounting poli¢i8s set out in note 1 to the financial slalemenls and comply ¥th the charity's constilLrtlon, the Charities Act 2011 and "Accounting and R8POrting by Charilie5'. Slalement of Recommend8d Practice applicable lo charities prepanng their 8ccounts in accordanc8 with the Finandal Reporting Stsndard applicablè in thè UK and Republic of Ireland IFRS 1021 leffectlve 1 January 20191.. Objgctlves and actlvltles The charity's objectives are.. 11 To advance educgtoon through the provlslon of a publlc Ilbrary and lo provide facilili8S In the Interests of social welfare for recreallon and leisure-llme occupation with thè ObCt of improving the conditjon of life for these Inhabllanls. 2) To relieve those in need In the London borough of Bexley and ils 8urrounding nelghbourhood, by reason of youth. age,111-h8allh, d18ablllty, fin8nclal hardship or other disadvantage. Public b8n8fit The trustees have pald due regard lo guKlance Issued by the Charrty Commission In dacldlng what acb'vities the chailly should un¢Jgrtake. Achl•vements and p•rlorm•n¢• Groups Att•nd•nc•: In 2024.. 15,768 attendees In 2025.. 18,396 attendees Incr•J88: 16.7% We have agaln expertenced a substantial Increase in attendance 81 our varlous groups, refiectlng the 9rowlng engagement in wh81 we offer fTom our local communlty. This also reflects our under818ndlng of the neads of the communhy, 8nd Is testament to the committed work ol our large team of volunteeTS. Ev•nts Attendanco: In 2024.. 12,800 attendees In 2025.. 7,169 8ttendees Docr•ase: 44% We have seen a decrease in our ovenls attend8iKe Ihls year because we dld not do a Volentin8'$ ev1, or a blg summer event this year. We have been priorS1islng other parts of our work, bul continually look al thich events are Important for the community. Overall Footfall: In 2024.. 138.C63 In 2025.. 163.851 Increase: 18.7% We are pleased lo have seers a substantial Increase In the number of visitors through our doors this year. This is further evidence that we are meeting needs In our communty and have established ourselves as an imp)rtanl focal point fof the community, a key meeting place and somgwhere where people enjoy spending tsme.
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Actlve Volunteors: We have proud lo have a committed team of 92 active volunteers. vtho are the backbone of our organlzallon and perform 8 wide and varied range of roles. Beeen them, they have given 1,015 houfs lo our work this year. Communlty Frldgo: Vve have 8 community fridge in our library, which was Introduced last year and is proving very successfvl. This year, this Initiative dislrib(rtgd 1,034kg of food lo the local communlty. This is an ineroase from last year1350kg} of 195% and demonstrates that wè are Meen9 an essential need in the local area. P#y-It-Fopwar(l Board: We have a board In th8 ealè whero peopl8 can purchasè a food and drink voucher for others, which 8$ on the Pay-11-Forward board. This is 8n excellent opportunity for community membèrs to support one another and build an alm08phere of care and engagement in the Ilbrory. Thls year, th18 inlliolive has dlslrlbuled £1.205 worth of food and dflnks. which Is an increase of more than 130% from last year. Conclu81on Seein9 the po811ive feedback from our communty, the number of people gngaglng in what we offer, and the hard work and commitment from our volunteers l¥ vèry rew8rdlng. We frequenlty receive feedback about what welcoming, friendly and posllivo atmosphere there 1$ at the Ilbrary and are confident that we are running somevthere th81 brings OPPOrtunllies for people lo be in relationship with others and receive love, care and yupport. We look forwafd to continuing this work and further expanding eur SeTvices in the noxt year ahead. Flnanclal revlew The unreslriGled funds showed a surplu5 for Ihg yèar of £85,323 leaving unrestricted funds of £259.900 at th8 year end. The charlty 0150 hald restrlcted funds of £6.692 81 the year end. RgsoThes poIY Reservo$ poll¢y Any reserves al the end of the finanaal ygar will allocated lo provlde a Straleglc re8orve for the enhancement of the library f8¢ilth'e8 for the community wlh agreement from the Trustee$. The priority for any reserves generalod will be lo create 8 reserve for the enhancement of the libTary lacilltles for the community. The Trustees expect that a reserve of 10 10 15 Pernt of income should ideally be maintained for 8 contingency. M8jorrisks Risk asse$smgnt The trustggs have assessed the major risks to whleh the charity 1$ èxposed, and are satisfied that systems are in place to mitigate exposure to the major risk8. Strueturgl governance and managem9nt The charity is a Charitable Incorporated Organisation governed by a constitution dated 31 March 2016, registered wlh the Charity Commission in England and Wales, registration number 1166307.
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY TRUSTEE5' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 The Iw8te8s who served durfng thè yèar and up to the d8tg of ¥lgnaturg of thg financial statsrrtents wer6". Mr C Rooan Ms J Wryht Mr J West M8 C Slevon$ Ms F Alada R•cNlfm•nl and epPnIM8nt of trustOgS The Charfly Trusleos are responslble for the genefol conlrol and manag•rn•nl af the thorlty. The Trustses gSve Ihelr Ilme fr86ty and no remuner8tlon ot othw flnanclal banèfits. The Tfu6tee$ meet tth38lher, 85 8 body, qu8rtorly and are r8spon8lble for all edon9 taken In relalioTh to runnlng th8 ch8rlty, the cernmunity facillts'68 the g¢tlvill8g prcvlded by tho charlty. To assisl in the $mth Nnnlng of the charily, the Trustees hA¥e set up rg8pon$ibililres. Th8 dot0•daY managemont ol tho Chaty, community fgcllWa nd prolgth arg éel8gated 10 8tafl. Ind110 pnd Tralning of Trusl¢es Follon9 appolnlrnenl, new tru$t908 are introduc•d to the* role and gwn eoplos of th• Tru8100gd and a guide to the pollcle6 and procedu6 adopled by our eharity. A numbèr ol public8tlon$ from the ChArlly Cortwnission are also provided, Induding the guSdanGe on ch8rille5 and public bon8flt. Thls 8nsures that new trnstees am aware ol Ihe 8cope of Iholr reSponkn1rt10$ unthr Ihe Charitles Act. Initiolty, rW tru81e8s work wlth wn exlgting tnJsle• a8818ting on p8rt1¢ulbr &ctivllio$ and proJacl6 run by charity. Alter 8atl¥factory fge4b•¢k frorn e¥l81ing InJ$toe$, they 8r• th•n glvon lh8 ts8k ol lèsdlng a pprti¢uLgr activlty or w¢4oc( reporilng prcTre81 01 TNJt••s' me•Ungs. The ¢rust•?s' reportw8B opprovgd by the 8owd of Tru6te•s. M• C Stfjvens Tru•t•• Dat•.. 28th November 2025
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees are responsible for preparing the Trustees, Report and the flnancial 5tat¢ments In accordance wth applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Aceepled Accounting PraGticel. The law applicable lo charflies In England and Wales requires the Iruslees lo prepare financial statements for each financial year thIch glve a true and fair view ol the slate of affairs of tho charlty and of the incoming rgsources and application of re$our¢e$ of the charity fof that year. In preparing th868 financial slalements, the Iruslees arè required to.. sèlect suitable accounting policies and then apply them consistently., observe the methods and principles In thè Ch8rilies SORP., make IlgeMentS and esllrnales that are reasonable and prudent., state whether applicabl8 accounting standards havè been followgd, subject lo 8ny material departures disdosed and explained in the financial slal8ments', and prepare the finanaal 5talement8 on the golng concern basis unle88 11 Is Inappropd8te to presunE that Ihe charity will continue in owralion. The trustees are responsible for keeping suffiGienl aecounling records that disdose with rea8onabl8 gccuracy al any time the financial position of the charily and enable them to ensure th8t the financlal slalamenls comply with the Charitiès Act 2011, the Charfty IA¢counl$ and Reports) Regulations 2008 and Ihg prov181ons of the tru81 deed. They are also respon8ible for saf8guardlng the assets of the charlly and hence for taking rea80nable steps lor the prevenllon and detection of fraud and other irregularllies,
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW GENERATION COMMUNITY TRUST I report lo the Iru$tee8 on my examinth'on of the financl81 slalemenls of New Gener8bon Community Trust Ilhe charilyl for the year ended 31 March 2025. R88pon$lbllltlos and ba$ls of report As the trustees of the charity you are responsible for thè Pfeparalion of Ihg financlal ststements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the ch8rily's financial slalemenl8 carried out under sectlon 145 of the Charities Act 2011, In carying OLrt my examination I have followed the Directions giv8n by the Charity Commission under section 14515)Ibl of the Chariti88 Act 2011. Independ•nt •xamlnerf• ststom•nt Your attention is drawn lo the fact that the charity has prepared the financlal slat8menl$ in accordance with Ihg levanl version of the Statement of Recommended Practice applicable to tharilies prep8rin9 their financial 8tatèmonl8 In accordance wlh the Flnanclal Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounllng and Reporting by Charilie8'. Statement ol Recomm¢ndèd Practic8 issued on 1 April 2005 which is referred lo In the extant regulallons bul has now been ¥wthdiawn. l under81and that this hos been done In order for the financi81 slalemenls lo provide a true and fair viow in a¢cord8ne8 with UK Gen8rally Accepted Accounllng PRGtice. I havè completed my examination. I conllm that no matter$ have come to my attontion In connacllon wSlh Ihg ex8minatlon giving me cau$0 lo belleve that in any material respect.. accounting TOrdS were not kept in fe8pect of the tharity as iequlred by sectlon 130 of ts Ch8rftle8 Act 2011. the financial 8lalemenls do not accofd with those rècords,, or the flnancial 8lalement$ do not comply with the applicable requiréments conceming th8 form and content of financial slalomenls set out in the Charflles (Accounts Ind Reports) Regulo1ion8 2008 other than any requlremenl that the finanaal stslemenls glve a twe arKI falr view, whlch is not a matter con81dered as part of an independent examination. I have no coneems and have come auoss no other matters In connedion wllh the examination to which attention should be diawn In this roport In order to enable a proper understanding of the financial statements lo be reached. Colln Oadswoll FCA FCCA DChA Caladine Llmiled Chantry House 22 Upperton Road Eastbourne East Sussex BN211BF 08te'.
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrnstricted Restrlcted fundB funds 2026 2020 Total Unre¥trlcted Restrlcted lunds fund$ 2024 2024 Total 2025 2024 Not•s Incomo from: Donations and legades Charftsble activities Other trading activities InStMentS 37,653 10,888 110,483 4,691 72,617 110.270 10.888 110.483 4,691 44,386 8,293 105,026 3,125 161,153 205,539 8,293 105,026 3,125 Total Income 163,715 72.817 238.332 160,830 181.153 321,983 Expondlturè on: Ralslng fund8 Charttsble aclivlti08 54.164 87,352 54,184 211,472 46,994 103,557 46.994 178.404 124,120 74,847 Total •xp•nd1rO 141,516 124,120 265,636 150,551 74,847 225.398 N•t Incomellexpendlturo) 22,199 151,5031 {29,3041 10,279 88,306 98,585 Transfor$ bethen fiJnd¥ 18 43,124 143,1241 14.436 114,436) Net mDv•m•nt In funds 10 65,323 194,6271 129.304) 24.715 71,870 96,585 Roconclllatlon of funds.. Fund balances 011 April 2024 194,577 101,319 295.896 169,862 29,449 199,311 Fund balan¢•s at 31 March 2025 259,900 6,692 266,592 194,577 101,319 295.898 The slalemenl of flnanclal activities includes all g¥ln$ and1088es recognised In the year. All income and expenditure d¢rive from continuing acuviues.
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY STATEMENT OF FINANCIAL POSITION AS AT31 MARCH 2025 2026 2034 Mot•s Flx•d 994•ts Prop•rty, plant and equpment 14 18.779 24,556 curr•nI•0 Trade and othèr roceivable6 Cash al bank And In h8nd 15 7,130 272.969 254,497 254.497 14.8841 280,089 18,7491 Curr•nt Ilabllllh• 16 N•t Gurr•nt a•••ts 249,813 271,340 TolAI •8¥èts l•s• ¢urr•nt lknbllltl•¥ 268.592 295,896 Th• lund• 01 th• ohArlty R851ricled income funds Uniostricl8d funds 18 19 8,692 259,900 101,319 194.577 288,592 295,896 Thè flnanclal ¥t&tements werg approved tsy ¢h• tru8tees on .. .......-......... .... nr" Mr J Wlesl Trusts• Ms C St•von$ Tru?t••
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting polTcIè8 Charlty Infomiation New Generabon Communhy Trust 18 a Charitable Incorporated Organlsatfjon govemed by its con5titutlon. The Charity's prindpal address is 8lackfen Community Llbr8ry, 7-9 Blackfen Parade, Blackfen, DA15 9LU. 1.1 8a818 of prepaTatlon The financial slalements have been prepared In aCrdanCe wlh the charity's conslilulion, the Charities Act 2011 and 'AOntIng and Reporting by CharilieB-. Statement of Rgcommended Pr8th'¢e applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applic8blo in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191" The chaTity18 a Publlc Benefit Enllty as doflned by FRS 102. The charty has taken advantage of the provlslon$ in the SORP for charilios applylng FRS 102 Upd8È Bulletln 1 not lo prepare a Slalemenl of Cash Flow$. The financlal st8tefnent3 h8ve departed from the Charitlès (Accounts and Reports) Regulallons 2008 onty to the extent required lo provlde a true and fair view. This departure has involved following the Slalemenl ol Recommended Practice for charilles applying FRS 102 rather than the version of the Slalement of Recommended Practice which is felerred to in the Regulation8 but which h9$ $ince been wlthdrawn. The flnanelal slalement$ are prepared In sterllng, which Is the functlonal currency of tha charSty. Monetary amounts In these financlal stbtemenls are roundgd lo the nearest £. The finandal statements have beén prepared under the historlcal wst ConvenOn. Th• prtnclp81 accounllng policies adopted 8re sel QLrt below. 1.2 Golng conc•rn Al the limè of approving the account$. the Iru8tses hove a reasonable expectation that the charty ha8 adequate resources lo contlnue In operational existence for the fore$eeable future. Thus the trustees contlnue to adopt the going concern basis of accounting in preparing the a¢wunl$. 1.3 Charlthblè lunds Unrestricted funds are 8vall8ble lor use al th• dlscrelion of the Iruslees in furlherance of their charitable obleclives. Restricted fvnd$ subject to speclfic condOn8 by donor8 or grantOTS as to how they may be used. The purposes and uses of the restrlcled ftjnds are set out In the notes lo the financlal slalemenls. 1.4 Income Income is recognised when the charity is legally gnlltled lo il after any performance conditions have been meL the amounts can be me8sure<l reliably, and il 18 probable that income wlll be received. Cash donations are rgcognised on recelpt. other don*ions are recogni8ed once the charity has been notified of the donation, unless p8rforniance conditions require deferral of the amount. Ineome lax recoverable in relation lo donatsons received under Gift Aid or deeds of covenant is recognised at the lime of the don81ion. Lggacies are recognl8ed on receipt or otheise If the charty has been notified of an impending di51ribulion, the amount is known, and receipt is expected. If the amount 1$ not known, the legacy is treated as a onlingeftt asset. Revenue is measured al thè fair value of the considerilion received or receivable ar represents amounts rttelvable for goods and 8ervlce8 provided in the normal course of business, nel of discounts.
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Iconllnuodl 1.5 Expendbture Expenditure 18 recognised once there Is a legal or constructlve obllgats'on lo transfer economlc benefrt lo third paty, It Is probable that a transfer of economic beneffts wlll be required in settlement, and the amount of the obllg811on c8n b8 measured r¢liably. ExperKlilufe is classified by athvrty. The eosls of each aclivlty are made up of the lolal of di1 costs and shafad costs, including support cost8 involved in undertaking each acllvily. Direct ¢0318 attdbulat4e lo a Single aGtivlty are allocated directly lo Ih818Ctlvty. Shared costs which contribute to more than one activity and support costs whlch are not attrlbulable to a single activity 8r8 apportioned between those aclivilk?s on a basls on51slenl with the uso of re50urc&s. Central staff costs are allocated on the basls of lime spent, 8nd dgpreclallon charges ar8 allocated on the portion of the asset's U88. Llats'lities are rocognised when 8 construdve obllgation exl81s, the payment 18 prob8ble and th& obllgallon can be measured or •sllmaled rellably. Resources exp¢nd8d 4r8 allocated to the partlcul8r cost centre to vhbl¢h they relate and Irld& Irrecoverable VAT. 1.6 Propertyp pl•nt and equlpment Furnllure, equipment and SO¥re are Inlllally measured at co81 and Subsequently measured al cost or valuation, nel of depreciation and any Impalrment losses. Depredation Is recognised so 88 lo wrrte off the cost or valuation of assels18SB thelr resldual values over thelr u$eful Ilves on the following basis.. Furniture, equipmont and SO9re Motor vehicle8 25% stralghl Ilne 25% slraighl line The galn or loss arising on the dSsposal of an asset is d•lormlned as the dlfference be the salg proceed¥ and th¢ earrying value of the ossel, and is recogn188d In the statement of firsancial activities. 1.7 Impalm)ent of non<urronta•86ts Al each reports'ng end d8te, the charity revlews the carrying amount$ of 118 langlble ossets to detormine whether there is any Indlcatlon that th058 assets have sufferod an impairment loss. If any 5ueh indication exi8t8, the recoverable amount of the asset 1$ eslimaled in order to dètermine tho extent of the impaimient loss Irf any). 1.8 Ca•h and Gash oqulvalents C8sh arKI cash equlv81ents includè cash in hand, doposils held al c811 with banks. other short-lerm liquid investments with original malurilies of three months or less. and b8nk overdrafts. Bank overdraft8 are shown within borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provi8ion8 of Sèction 11 '8aslc Finanoal Instruments, and Section 12 'other FSn8ncial Instruments Issues, of FRS 102 to all of it8 finanual inslrumenls. Financial inslrumgnts are iecogniged in the charity's balance sheet when the charrty becomos paty lo the contractual provisions of the Instrument. Financial assets and liabilities are offset, wlh the nel amounts presented in the financial slalemenls, when there 1$ a legally enforceable right lo sel off the recognised amounts and there is ari intention to settle on a net basis or to realise the asset and settle the liabilty 5imullaneou81y.
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies Icontlnuedl Baslc Ilnanclal assets Basic financi81 assets, whlch Include tr8de and other recelvables and cash and bank balances, are initially measured at transaction price including Iransactlon costs and are subsequently carried at amortised cost using the effective inter881 method unless the arrangement constr'tLrtes a finanang Iransaclion, where the transacllon is measured at the present valuè of the future recelpts discounted at a mark81 rale of Interest. Financial assets Classified as receivable wthin one yegr are not amortlsed. Baslc financlal Ilabllfties Basic financial liabilities, includin9 Irade and other payables and bank loan$ are Initially rocognisad at Iransaetion price unless the afrangemenl wnslltules a financing Iransaclion, where tho debt instrument is measured al the present value of the future payments discounted 81 8 market rate of interest. Flnandal 11obilllie8 cla8sifie(l as payable withln one year are not amortisod. Dobl Instrurnents aro subsequently carried at amorti8ed cost. uslng the effectlve Inl&resl rat8 mgthod. Trade payables ar• obllgalion8 to pay for goods or servic¢8 that have been acquired in the ordlnary course of opèrallons from suppliers. Amounts pay8ble are cla55ified as eurrenl Ilabilllies tf payment 1$ due wilhln one year or less. If not, they are presented as non-currenl liabllltie8. Trade payables are recognised Inrtially al transaction prlce and Subsequently measured al amorUs8d co81 uslng the offèctive interest method. D•rncognftlon ol flnanclal Ilabllltles Financial liabiliti08 8re derecognised when the charlty's contractual obligatlons expire or aro discharged or C8ncelled. 1.10 Employeo bengflts The cost ol any unu88d hollday nllement 19 f¢ttJgni8&d In the pgriod In whlch the employee's 8ervlco8 are recelved. Termination beneflls are recognised immedlately as an expense when the charliy Is d8mon5trably committed ID lermlnale the employment of an employee or lo provlde leTmlnalion benèfrts. 1.11 Retlmment ben•flt# Payments lo defined contrlbullon rotlremenl bengfil Schemes are charggd as an eXn$8 as they fall due. CrltlcAI accoyntlng estimatgs and ludg•m•nts In the appllc8tioTr of the charlty's accounting policies. the Iruslee$ are requlred lo make judgements. g$limale8 and assumpllons about thè earying amount ol assets and liabilities that are not readily app8nI from other sour¢es. The estimate5 and associated assumptions are based on historical experience and other fa¢lor$ that are considered to be relevant. Actual results may differ from these esllmates. The e5ts'm8tes and underfylng 88sumption$ are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimat¢ is revised where the revision affects cnly that pèriod, or in the period of the revision and future periods where the revision affect8 both curient ar future pèriods. 10-
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donatlon$ and leg•cle8 Unrostrlctsd ReBtrlctsd funds funds 2026 2025 Totsl Unrestrlcted Restrictgd funds funds 2024 2024 Total 2025 2024 Donations and gifts Grants receiv•d 3,319 34,334 3.319 106,951 3,203 41.183 14,436 146,717 17,639 187,900 72,617 37,653 72,617 110,270 44.386 161,153 205,539 In¢om• from charltable actlvltl•• Unrnstrlcted Unrnstrlctsd lunds fund8 2026 2024 Charltable •ctlvltl•B Sale of books Venue hire 1,875 9.213 1.812 6.481 10,888 8.283 Income from other trndlng actlvltl Unr•$trlct•d Unrnstrlctsd funds fundi 2026 2024 Events Café Income 5,628 104,855 6,647 98.379 Other trading activiti98 110,483 105,028 Income Irom Investmonts Unrostrlctsd Unrestricted fund8 funds 2025 2024 Interest receivat4e 4.691 3,125
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expondlturn on ialslng fund8 Unrestricted Unrostrlctsd funds funds 2026 2024 Fundr•lsln9 and publlclty Advertising 4.557 2,351 Tradlng costs Cafe consumoble8 and small equlpmenl 49,607 44.643 Totsl Gojts 54,164 46,994 Exp•ndltur¢ on charltable octlvltlos Charitoble actlvltles Charitable 8Gtlvilie8 202S 2024 DlreGt ¢08t8 Stsff costs Depreciation and impalmenl Printing and statlongry Group8 and aVitIe8 Tr8lning co8lB Sundry Cleanlng and malntenance 96,382 9,585 3,327 48.235 8.009 4,103 14,217 88,108 9,645 3,315 23,341 23 20,056 181,838 143.472 Share of support and governanco costs Is•• ni>tè O Support Govemance 27,566 2.ci88 32,878 2.054 211,472 178,404 Analysls by fund unStrICted funds Reslrlcted funds 87,352 124.120 103,557 74,847 211,472 178,404 12-
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support coyts allocatsd to acdvltles Charltable actfvltles 2025 Total 2024 Bu8lnes8 rat•6 InsLbrance IT and phones ut11188 Bonk charges Licenc8s and sub8cripli¢Jn8 Govemance 4,781 1,356 5.334 11.607 2,346 2.142 2.068 4,454 1,143 7,273 15,803 2,427 1,978 2,054 29,834 34,932 2026 2024 Governance costs compr1. Indep8ndenl examlnalion fees Legal and professional Accountan¢y and Independent examlnallon 750 509 809 750 526 778 2,088 2,054 10 Net movomont In funds 2026 2024 The not movement in funds 18 $1gt8d after ch8ryingllcr8drtlngl.' Fe08 payable for the Independent examlnallon of the charity's financial statements D8preciation of owned property, plant and equlpmenl 750 9,585 750 9,645 11 Trustoe8 None of tha trustees lor any per80ns conngcled vthh them) recelved any remunerallon or beneflts from the charity dunng the year. 13-
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees The average monthly numbgr ol employees during the year was.. 2025 Numbgr 2024 Number Cafe and Admln Employment co8t8 2025 2024 Wage8 and 5alarle8 Othèr pen81on costs 94,402 1.960 84.564 1,544 96,362 86.108 There were no 8mployees vthosé annual remuneratlon w48 more than £60,000. Romunerntlon of koy man•g•m•nt pornonnel 2025 2024 Aggreg8t& compen8atlon 68,635 60,607 13 Tax•tk+n The charlty is exempl from taxation on rt$ activitses becauso all Ils Inccffle 18 applied lor charitable purpose8. 14-
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Property. plant and equlpment Furniture, oquipmtnt Ind Motor v•hl¢le• Total COBI At 1 April 2024 Additions 27.556 1,809 26,140 53,696 1,809 At 31 Marth 2025 29,365 26,140 55.505 Deproclatlon #nd Impalmi•nt Al 1 Aprll 2024 Depreciation chargeil In the ar 22,606 3,050 6.535 6,535 29,141 9,585 Al 31 March 2025 25,856 13.070 38,726 Carrylng amount At 31 March 2025 3,709 13,070 16,779 At 31 March 2024 4,951 19,605 24,558 1S Trade •nd othor r•c•l¥able• 2025 2024 Amounts falllng du• wlthln onè year: Other ro¢eivabl86 7,130 16 Current Ilabllltle• 2026 2024 Other tsxatlon and 8oclal security Accfuals and dgferred Income 2.854 1,830 6,919 1,830 4,684 8,749 17 Retlroment benefft 8chem 2026 2024 Oeflned contrlbutlon ychemes Charge to profit or10s$ in respect of defined contribution 8cheme8 The charity operates a defin8d conlributs'on pension schemè for all qualrfying employees. The assets of the schema are held separately from those of the charity in an indgpendenlly administered lund. 15-
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Rastricted funds The festricled funds of the charity comprise the unexpended balances of donations and grants held on Iru8t subject lo specific ¢ondition5 by donors as lo how they may be used. At 1 Aprll 2024 Incomlng resour¢ R880urces èxpended Tr4n8forn Al 31 March 2025 N81ional Lottèry Community Fund Bèxley VSC Bexley Support Fund Bexley Youth Grant National Grid Electricity Transmlg8lon'8 Community Gr8nl Hubbubb 45,062 2.374 2,136 44,564 30,349 2,488 30,000 179.2491 11,0091 131,8051 3.838 3,853 331 144,5641 7,183 14,7851 17,2721 12,3981 9.780 2,508 101,319 72,617 1124,120 {43,1241 6,692 Pr•vlou• y•ar: At 1 Aprfl 2023 Incomlng reJourc89 Resourc8s expendod Tran8fov• At 31 March 2024 Nallonal Lottery Commun Fund Bexley VSC W Kendall 8exley Support Fund Bexley Youth Grant National Grid EleclrlcSty Tfansmission's Community Grant Van fund 29,051 59,957 8,764 (43,9481 {6,3901 13981 17,8641 13,8731 45.062 2.374 398 10.000 48,437 2,136 44,564 19,559 14,436 112.3781 7,183 114.4361 29,449 161,153 174,8471 114,4361 101.319 National Lottery Community Fund - this grant from the National Lottéry18 used to run a varidy of activi118S and invest in the Blackfen Community Hub for the benefit of the local communlty. The fund was over spent in the year by £3,838 and thls amount was transferred from unrestricted fvnds al the year end. Bgxloy VSC thi5 grant from Baxley Voluntary Service Counal Wellbeing couws for the local commLbnty in 2023 and 2024. W Kendall - this grant reiVed was restricted to the ¢o$l of a PA system. A deposrt of £850 was paid in 2023 with the remainder of Ihg costs being incurred this year. As the PA system ha$ bèen capitalised. a transfer equal to the value of the amount spent has been Irènsferred to Unrestricted funds as the restriction on these nds has been satisfied. Bexley Support Fund - this fund provided through the London Borough of Bexley is from the Department for Work and Pensi(Ms to support those in most need to help wth the rising cost of living.
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 RostrlGted fund$ {Contlntsod Bexloy Youth Grant- this grant from the London Borough of Bexley is for Ihe Blackfen Library Youth Projed. Inlfjally this was thought to be a rèslricte¢J grant but subsequèntly. following delivery of the project, any remaining funds were pemitted lo be used for general purpo$e8. This being the case. these funds have been redassified as unrestricted. Natlonal Grld Electrlclty Tran$mi8slon'6 Communlty Grant this grant made by the Natlonal Grid Electriclty Transmission's Community Grant Programmg lo support the delivery of the project plan lor the benefit of the local community. The transfer of £2,398 to unre3lricted funds relates lo payments for a new PA system acquired in 2024 and 2025 and capilalised in Fixture5 and Flttings and will be depreciated in unre8lricted funds in due course. This fund is now expended. Hubbub - The charity received a grant lo be used for the provisl¢)n of a very low cost meal onc* a month for thè elderly who may be struggling financially or suffering isolallon lo brfng them logether and provid8 a cooked eal. Some expenditure was incurred in the year wbth the remalnlng funds allocated lo 2025-26. Van Fund - thi5 fund repre8&nls $trIcted donation5 for the purchase of a new vehlcle whlch was acquired in the year. As the re$lridlon has been satisfied lh8 fund balance hag been transferred to unrestricted funds. 19 Unr•8trfcled fund3 The unreslricled funds of the charlty comprisè th8 unexpended balancas of donats'ons and grants which are not Subject lo spectfic conditions by donors and grantors as lo how they may be used, These indude designated funds which have been sel aslde out of unreslrtcted funds by the Iruslee8 f(x SP8dfi¢ purposes. At 1 Aprll 2024 Incomlng Rgsourc•• r•iourco1 oxponded Tran•f•rs At 31 March 2026 General fvnds 194,577 163,715 1141.5161 43,124 259,900 Pr•vlou$ yo•r'. Incemlng Resour¢69 resources •xp•nded Transfern At 31 Mah 2024 2023 General funds 169,862 160,630 1150,5511 14,436 194,577 17-
NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Analyslg of not a8s¢ts between funds Unrostrlctgd fund3 2025 Restrlct•d funds 2026 Total 2026 At 31 March 2025: Praperty, plant and equipment Current asselsllliabilillés} 18,779 243.121 1 S,779 249,613 6.692 259,900 8.892 286.592 Unrostrlctod funds 2024 Restrlctsd fund$ 2024 Totsl 2024 At31 March 2024: Propèrty. plant and equlpment Current assetsl{liabllllie81 24,556 170,021 24.558 271,340 101,319 194,577 101,319 295,896 21 Relatod party tr•n•acllon• There were no d58c108able rolaled paty Iransadons during the yaar12024- non81. 18-