REGISTERED CHARITY NUMBER: 1169169 Report of the Trustees and Unaudlled Flnancial Statements for the Year Ended 31 March 2025 for Graflon Centre Development Trust CIO AMH Audit Limited Library Chambers 48 Union Sireei Hyde Cheshire SK14 IND Grafton Centre Development Trust CIO Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report Statement of FinAn¢iAI A¢tivltie$ BAlance Sheel Notes to the FinAnciAI Statements 9 10 14 Detailed Statement of FinAnciAI Activities 15 Grafton Centre Development Trust CIO Report of the Trustees for the Year Ended 31 March 2025 The truslees present their report wilh the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted th¢ provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Flnanclal revlew Golng concern The trustees consider that there are no malerial uncertainties about the charity's abiliry lo continue as a going concern. Structure? governanee and managemenl Governing document The charity is controlled by its governing document, a deed of trust and constilules an unincoTporaied charity. Reference *nd admlnlstratlve detAIIs Registered Chirlty number 1169169 Prlnclpal address The Grafton Cenlre Grafton Street Hyde SK14 2AX Trustees Cllr Philip Fit7.palrick Chair Jacqucline Owen - Secretary Julie Biinicombe - resigned 30 April 2024 Denis¢ Ward Andrea Colbourne - appointcd I l July 2024 Independent Examlner Mr David Andrcw Savidge FCCA AMH Audit Limited Library Chambcrs 48 Union Str¢¢t Hyde Cheshire SK14 IND Bankers Lloyds TSB Bank PLC l Butler Place We51niinsler London SWIH OPR Page I Grafton Centre Development Trust CIO Report of the Trustees for the Year Ended 31 March 2025 The trustees present their report and the unaudited financial stalemenls for the year ended 31 Mar¢h 2025. Reference and administralive infomiation sel out on page I fornis part of this r¢port. The financial statements Comply with current stalutory requiremenls, Ihe memorandum and articles of association and the Siatement of Recommended Practice - Accounting and Reporting by Charities.. SORP applicable to charities preparing their accoun15 in accordance with FRS 102. Objectives #Dd 4ctivities Purposes and Aims Provide facililies for health and social welfare for recreation and leisure lime occupalion of residenls. Ihe centre aim5 to work towards defeating isolalion and loneliness. To further or benefil the residents of Tamesid¢ and the neighbourhood, without dislinclion of sex. sexual orienlalion, race or of poliiical, religious or other opinions by associating together the said residents and the local authorities, voluntary and other or83nisaiions in a ¢omn)on effort to advance education and to provide facilities in the interests of so¢ial welfare for recreaiion and leisure lime occupation with the objective of improving the conditions of life for the residenls. Main 4ctivities Please see our da)ttime, evening & weekend a¢tivity time timetablcs. ONDAY Keep Fil £2.50 Health Walk meet outside Dan¢e Fitness £2.50 exercise class Bingo £1.50 10.00am- 10.45am 10.30am- I1.30am I I.00am- I1.45am I.00pm- 3.00pm IIESDAY Zumba £3.00 Tai Chi for arthritis £2.50 Hyde Writers £1.50 Indoor Bowls £1.50 10.00am- I I.00am 11.15am-11.45am I.00pm- 3.00pm I.00pm - 3.00pm WEDNESDAY Firsteps Dance £2.50 Exercise for Fun £2.50 Indoor Kurling £1.50 Chit-chat £1.50 games and fun 10.00am- 10.45am 10.45am . l1.30am I.00pm- 3.00pm I.00pm - 3.OOprn THIIRSDAY Line Dancing £2.50 Singing foT Fun £1.50 Beginners Line Dancing £2.50 Yoga & Pilates £3.50 Art & Craft £1.50 Rel￿atiOn & Meditation £2.50 10.00am- I I.00am 10.00am- I I.00am 11.30am- 12.30pm 11.30am- 12.30pm I.00pm- 3.00pm 2.00pm- 3.30pm FRIDAY Use it or lose it exercise class £3.00 10.15am- I I.00am 12.00pm- l.00pm RO Secretary- d4wngrenter@aol.com Chair- ¢h*ir@tamesideu3a.org.uk 10.00am- 12.00pm 10.00am- 12.00pm 2.00pm- 4.00pm Its good to talk - 2nd Tuesday Scrabble & Mexican train - 2nd & 4th Wednesday Committee meeting- 2nd Thursday Page 2 Grafton Centre Development Trust CIO Report of the Trustees for the Year Ended 31 March 2025 Book club- 4th Thursday Rummikub - Isi & 3rd Friday History- 4th Friday 2.00pm- 3.30pm 10.00am- 12.00pm 10.00am- 12.00pm The Centre continues lo be rented out most evenings and weekends. though one of our regular users ha5 Tnov¢d into their own space, we are actively looking to replace this regular income. which helps lo ensu￿ our financial stability. And while the situation remains challenging for community centres like ours with the increased costs in utililics, Ihe decreasing amount of disposable in¢ome people have available and ihe competition for grani funding means we carefully monitor expenditure and always look for ways to increase our in¢ome. All our entertainment committee members have relired and is now C￿￿entlY run by the manager and assistani for ihe time being. We alway5 aim 10 book parties and trips in at leasl once a month throughout ihe year. Trips & parties we had were Llandudno. Southport. Easter. Halloween & Christmas parties. The Community Cafe continues to provide hot meals & snacks Mon - Thurs cooked & served by our volunieers. All our kitchen staff have up lo dale Iraining, meaning they are compliant wilh food regulations and the cafe was Rated 5. This re￿￿rce is invaluable for those living alone as it ensures Ihey liave access lo nuiriiious food al a reasonable price. 6.30pm- 8.15pm 8.15pni - 10.00pm 7.00pm- 9.00pm MONDAY MONDAY MONDAY Dance Buds Hyde Musical Society Menlell - Gary Hill www.mentell.org.uk Email.. community@mentell.org.uk Cobra Martial Arts Cobra Martial Arts (14 to 18yrs) Hyde Musical Society Cobra Martial Arts (one io one) Cobra Martial Arts (Children's Class) Cobra Manial Arts (Aduli Class) TUESDAY 6.OOpn)- 6.45pm 7.00pm- 7.45pm 7.30pm- 10.00pm 7.OOprn- 7.30pm 7.00pm- 7.45pm 8.15pm-9.15pm WEDNESDAY THURSDAY FRIDAY Key Achievement$ and Perform4nee Our c.hristmas lunches w¢re once again a great success 5UPPOrted by Brother UK including some of their staff who came to help oul. Our volunteers make all of this possible. lo recognise their contribution and Show our appreciation we have been granled funding to celebrate all their hard work. Beneficiarles of our SerYice$ All adults in the Tameside area ar¢ welcon)e lo attend groups and classes for exercise and social interaction, and we hav¢ a ¢afe setvicing low-cost snacks and meals. Membership fees remain very compelitive to offer great value for money and we have seen a increase in memberships over this last financial year. Financial review- TSA compltted Ai the end of the reporting period Grafton Community C.enlre had total funds of £71,90112024.. £79,775) con515ting of unrestricied funds of £71,901 (2024.. £79,775) and reslricled funds of £Nil (2024.. £Nil). Cash reserves at bank were £43.73012024'. £50,968). There are no immediate concerns about the charity's finance. During the year ihe charity received unrestricted incom¢ of £94,537 {2024. £87.007) and restricted income of £Nil {2024.' £Nill. Expenditure for ihe year from unrestricted funds was £102.411 (2024.. £103,875) and from restri¢t¢d funds £Nil (2024.. £Nil). Reserves policy The charity is in the process of developing its rese￿eS policy and currently aims to maintain reserves al the level of 3 months core costs which slands at £16,926 which is well covered by unrestricted fund5 of £71,901 held by the charity. Page 3 Grafton Centre Development Trust CIO Report of the Trustees for the Year Ended 31 March 2025 Plans for the Future To look al increasing our volunteer team To increase trustee board Develop and expand relalionship5 wilh local businesses with a view to creating local bonds in ihe community Increase additional rental of Ihe building al evenings and weekends To host an addilional gala evening and other promotional evenls To coniinue to promote our centre through the local media and social media. Stru¢ture* governanee And man*gement Trustees, elected al the Annual General Meeting (AGM), will be elected al the AGM on a Ihird basis going forward. Trustees are members of ihe centre who present themselves as interested to be trustees Wbih a skill set of interesi or are approached as ov15ide persons with a skillsel which niay be helpful to the charity. The organisalion is a Charitable Incorporated Organisalion. incorporated and registered as a charity on 14 September 2016. The charity was eslablished under a constilulion which established the objects and powers of the charity and its governance. The trustees are members of Ihe charity, bul this enliiles them only lo voting righls. The trustees have no beneficial inleresl ii) the charity. All trustees give their lime voluntarily and receive no benefits from the charity. The Iruslees do not claim expenses. Related p*rties And rel4¢ionships with other organisation5 We work closely together with Tameside MBC. Remuneration policy for key management personnel The truslee5 have adopted a model remuneralion policy provided by their payroll provider, Blossom Accounting. Risk management The Iruslees regularly review and assess the risks face by the Charity which fall inlo Ihe main categories listed below.. Governance Operations Finance5 Environmenlal and external factors such &$ public opinion and relationships wilh key partners Compliance with law and regulation The Charity has recruited and retained a board of I￿ste¢S with an appropriate range of skills and experience with access to specialist support when required, for example using Action Togeiher lo manage payroll service5, using external legal and accountancy support. In addition, it has recruited experienced and qu31ified management and support staff. The operations of the charity are well managed and meet and enhance the requiremenls of service and centre users. supported by a number of committed and hard-working volunteers. The trustees have invested in the fabric of the building to enhance user experience and also in equipment lo improve the efficiency of ils operations. The trnslees have secur¢d ? lease on the centre building with Tame5ide MBC that will enable them to bid for a wider range of external funding, in addition to maintaining a steady income stream from lellings, sale of lunches and refreshment5. membership fees and activilies. Page 4 GraftoD Centre Development Trust CIO Report of the Trustees for the Year Ended 31 March 2025 The trnstees and volunleers work hard to raisc awareness of the opportllnilics and services offered by the Charity, which is cvidenced by thc susLiined membership. The Charity holds the Queens Award for Voluntary Service. This is ihc hig,hesl award that ean be given to voliii)te¢r groups in tlie Unitcd Kingdom. The key criteria lor successtijl nomination is that the groiip provides a service that meets thc needs lor pLople living in the local community and it is supported. rccognisLd and rcsPL'Cted by thL IoLal Lommunity and the p¢opl¥ who bcncfil froin li. The Intstccs rcgularly revi¢w l¢gFal rcquiremenls and re&Fulalions relating to the Charity ai)d its operations. Statement of responsibilities of the trustees ThL tru.%tL'L'% confimi Ilial Ih¢y have refLrrLd lo IhL bFuidanLL contained iii thL. Charily Commitssion's gcneral guidanLe on publiL bLn¢fil when reviewing lh¥ aims and objeLls and in planning future a¢liviliLs and selling poliLy for thL fulurc. Th¢ Irusl¢CS are re.spon4iblL for prcparingF the truslccs, annual r¢port ¢ind thc financial .stolcrncnls in a¢¢ordanLe with applicablc law and United Kingydom ALLuunling Standards (Unilcd Kingpdom CJ¢nLrally AcLLpILd A¢Lounting PraLliLe). c.harity luw requires ihe Iruslees to prepare financial statement.s for each findncial year which give a true and lair view of the stale of atYair.% oftht ch(Irity dnd of the incumingi resources dnd appliL¢ilion of rLsouriLs Ot'the chdrity for ihut period. In preparing7 Ihe%e finanLial statL'menlti, the trustees Jre required to.. Select suitable a¢couiiling' policie% and Iheii apply them cDnsi%tently Observ¢ the meihnds and priiiciple% in the L"'harili¢'% S()RP Make judbTL'm¢nl% and Lslima114 that arL rca%ollc1blL and pnidcnt SialL whcihcr applicablc UK Accoiinting %iandards and 51alcmcnts ot. rceommendcd practice havc bccn followcd, 8ubj¢¢t Io I1ny Inaleri¢il dcpartiirLS disLlos¢d dnd LxplaiiiLd in ih¢' linanci421 slalLmenls Prcpare ihL' financial slalcmcnls on the gboing LollLCrn bilsis unlcss il 15 iniipproprialc lo prcsumc Ihat the Lharity will conliiiue in opcraiioii. Thc tNsices arc rcsponsibl¢ for kL'L'pin& proper aL¢ounling records Ih< disclosc with r¢asonablc accuracy at any tim¢ ilic liiiancial PO%ilion ol. IhL' ch2£ rily and cnablL Ihem lo L'nsurc ihal IhL linanLial slalcmLnls coniply wilh IliL Qharilics Act 201 l. Thcy 4irL' also I'CbPOI)siblc fur 5. perforniance conditions atlached to the grants have been mel, il is probable that ihe income will be received and the amount can be measured reliably and is not defe￿ed. Income receivcd in advance of a provision of a specified services is deferred until the criteria for income recognition are mel. Expenditure Expenditure is recognised once there is a legal or conslruclive obligation to make a paymeni to a third party, il is probable that seiilement will be required and ilie amount of the oblig?alion Can be measured reliably. expenditure is classified under the followin8 activity headings.'Expenditure on charitable aclivities includes the cost of operating a community centre with diverse wide-ran¥ing activities iind¢rtaken lo further ihe purpose of the charity. and their associated SLlPPOrt cosis. Irrecoverdble V A T is charged as a cost againsl the activity for which the expenditure was incurred. Tangible fixed assets Deprecip41ion 15 provided al the following annual rates in order to ￿TIl¢ off each asset over its estimaied useful life. Improvemenls 10 property Compuier equipment IOO/o on cost 250/0 on cost Tax4tion The charity is exempt from tax on income and gains failing wiihin Chapier 3 of PArt I l of ihe Corporation Tax Act 201 O or Seclion 256 of the Taxalion of Chargeable Gains Aci 1992 10 ihe extent ihat these are applied lo ils charilable objects. No tax charges have arisen in the charity. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the trustees. Restricted funds can only be used for particular reslricled purposes Hythin the obje¢t5 of the charity. Restridions arise when specified by the donor or when funds are rais¢d for particular re51ri¢ted purposes. Further explanation of ihe nalure and purpose of each fund is included in the notes to the financial statements. Page 9 eontinued... Grafton Centre Development Trust CIO Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Accounting policies - continued Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contribulions payable lo Ihe charity's pension s¢hem¢ are ¢harg¢d to Ihe Statement of Financial Activities in the period to which they relaie. Ltg41 st4tus of the charity The charity is a Charitable Incorporated Organisalion registered with the Charity Commission in the United Kingdom and has no chare capiial. The registered office address is disclosed on the first page ot the Irustees report. Trustets, rtmuntr#tion btnefits There were no trustees, remuneration or other benefils for the year ended 31 March 2025 nor for the year ended 31 March 2024. Tru$tee$' txpen$tg There were no Iruslees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Comparatives for the stAtement of financial Activities Unrestricted fund Restricted fund Tolal funds Income endowments from Donations and legacies 755 755 ChAritAble activities Income 79,282 6,970 86,252 TotJ)I 80,037 6,970 87,007 ExpeDditure on Ch*ritAble aclivitles Expenditure 96,905 6,970 103.875 NET INCOMEI(EXPEIYDITURE) 16,868) (16,868) Rtconciliation of funds Total funds brought forward 96.643 96.643 Total funds cArried forwArd 79,775 79,775 Pagelo onlinued... Grafton Centre Development Trust CIO Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Tangible fixed 4ssets Improvements to property Compul¢r equipment Totals Cost Ai l April 2024 Addiiions 70,988 4.664 7,663 6,672 78.651 11,336 Ai 31 March 2025 75,652 14,335 89,987 Depreciation Al l April 2024 Charge for year 33,607 7,211 5,310 1.241 38,917 8,452 At 31 March 2025 40.818 6.551 47,369 Net book vAlue Ai 31 March 2025 34.834 7.784 42.618 At 31 March 2024 37,381 2,353 39.734 Debtors: amounts falling due Wbthin one year 2024 Trade debiors 2,573 2,955 Trade and other debtor% are recognised al the seiilemenl an)ounl due after any trade discount offered. Prepaynienls are valued at the wnounl prcpaid nei of any trade discount due. Creditors: 4mounts falling due within one year 2025 2024 Bank loans and overdrafts (see note 81 Taxation and social security her credilors 4,994 6,969 3,809 2,297 250 (656) 15.772 1.891 Creditors and provisions are recognised where the charity has a present obligation resulting from a past event thal will probably result in the transfer of funds lo a Ihird party and Ihe amount due lo settle the obligaiion can be measured or eslimaled reli8bly. creditors and provisions are nomally recogni5ed al iheir 5ettlemenl amounl after allowing for any trade discounts due Page 11 ontinued... Grafton Centre Development Trust CIO Notes to the Finaneial Statements - continued for the Year Ended 31 March 2025 Creditors: amounts fAlling due 4fttr more than one ytgT 2025 2024 Bank loans (see note 81 1.248 11,991 Lo8ns An analysis of ihe maturity of loans is given below.. 2025 2024 Amounts falling due within one year on demand= Bank loans 4.994 2.297 Amounts falling between one and two years: Bank loans - 1-2 years 1,248 11,991 The bank loan is A governmenl sponsored Bounc¢ Back loan. The inieresl rale is 2.250/0. Leasing agreements Minimum lease payments under non-can¢ellable operaling leases fall due as follows- 2025 2024 Within one year Ben¥een one and five years 1,000 2.000 1,000 3.000 3.000 4,000 The charity has a lease arrangemenl for property for 20 years siartinbi from Oclober 2018 wilh a break dale on the 10th anniversary of ihe lease start date. io. Movement in funds Net movemerbl in fund$ At 3113125 At 114124 Unrestricted funds General fund 79,775 (7.874) 71,901 TOTAL FUNDS 79,775 (7,874) 71,901 Page 12 continued... Grafton Centre Development Trust CIO Notes to the Financial Statements - continued for the Year Ended 31 March 2025 io. Movement in funds - continued Nel movement in fiinds, included in th¢ above are as follows: Incoming resourees Resourtes expended Movement in funds Unrestrieted funds General fiind 94.537 (102,411) (7,874) TOTAL FUNDS 94,537 (102,411) (7,874) Comp4rgtives for movement in fun(ts Ntl movement in funds At 3113124 At 114123 Unrestri¢l¢d funds General fund 96.643 (16,868) 79,775 TOTAL FIINDS 96.643 (16,868) Comparative nel movemenl in funds, included in the above are as follows.. IneomiDg resources Resources expended Movement in fund5 Unrestricted funds General fund 80,037 (96,905) (16,868) Restrirted funds Restricted fund 6,970 16.970) TOTAL FUNDS 87,007 {103,875) {16,868) A ¢urrent year 12 months and prior year 12 months Combined position is as follows.. Ntt movement ID funds At 3113125 At 114123 Ilnrestricted funds General fund 96,643 (24.742) 71,901 TOTAL FUNDS 96,643 {24.742) 71.901 Page 13 continued... Grafton Centre Development Trust CIO Notes to the Financial Statements - continued for the Year Ended 31 March 2025 io. Movement in funds- con¢inued A Current year 12 months and prior year 12 months combined nel movement tn funds, included in ihe above are s follows: Incoming rtsourees Resources expended Movement ID funds UnrestTlCted funds General fund 174,574 (199,316) (24,742) Restricted funds Restri¢ied fund 6,970 {6,9701 TOTAL FU]YDS 181.544 1206,286} (24,742) Related pArty disclosures There were no relaied party transactions for the year ended 31 March 2025. Page 14 Grafton Centre Development Trust CIO Detailed Statement of Financial Aetivities for the Year Ended 31 March 2025 2025 2024 In¢ome and endowmenls Donations #nd legacies Donations ,050 755 Charitable activities Rental income Bistro & Kit¢hen A¢tivilies, evenis & trips Membership fees Grants 22,150 15,592 46,062 6.269 27.488 14,310 33,548 3.936 6,970 90.073 86,252 Other income Other income 3.414 Tot41 incoming resources 94,537 87,007 Expenditure Ch4rit4ble activitie5 Wages Pensions Rent & rates Insurance Ele¢tricily, gas & water Telephone & inlernel Printing & stationery Advertising & marketing General expenses Accountancy Cleaning IT software & Consumables Repair5 & mainlenan¢e Subscriptions Travel Trips & events Activity costs Bank charge5 Bins & waste removal Food purchase5 General expenses partylevenls Depreciation of tangible fixed assels 42.709 899 851 681 11,265 970 382 30 1.215 3.068 2,913 772 2,609 1,644 42,339 740 3,655 725 15,771 427 1,395 358 1,209 371 ,934 2,885 39 189 24,498 2,183 13,300 1.329 6,089 919 8,452 200 7,140 102.411 103,875 Total resources expended 102,411 103.875 Net expenditure {7,874) (16,868) This page does not form part of ihe statutory financial ststements Page 15