OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Ardagh Community Trust

2025-03-31-accounts

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust

Trustees’ Report and Financial Statements for the year ended 31 March 2025

Registered Charity Number: 1172556

1

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Contents
Trustees’ report
Reference and administrative details 1
Structure, governance and management 2
Objectives and activities 4
Statement of Trustees’ responsibilities 9
Report of the Independent Examiners 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13
Detailed Statement of Financial Activities 26

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

The trustees are pleased to present their annual report, together with the financial statements of the charity, for the year ended 31 March 2025.

The financial statements comply with the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2019) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102).

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number: 1172556 Charity address The Ardagh Ardagh Pavilion Kellaway Avenue Bristol BS6 7YL Trustees Steve Strong Fiona Wright Victoria Kaye Peter Walker Alison Browning John Kendall – resigned 12 October 2024 Joanna Harding – appointed 28 February 2024 resigned 12 October 2024 Lindsey Fuller – Chair – appointed 14 December 2024 Neil Gokani – appointed 15 July 2025 Charles Newman – Appointed 15 July 2025 James Francey – Appointed 15 July 2025 Lucy Eyre – Appointed 15 July 2025 Helena Milton-Thompson – Appointed 15 July 2025

1

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Ardagh Community Trust is constituted as a Charitable Incorporated Organisation (CIO) registered with the charity commission in 2017 under charity number 1172556. The Constitution is as a Charitable Incorporated Organisation with voting members other than its charity trustees (‘Association’ Model Constitution).

ACT was originally registered on 12 April 2017; the date of the last amendment to the constitution (by resolution) is 13 September 2017.

Trustee appointment, induction and training

The Chair of the Trustee Board (‘the Board’) is Lindsey Fuller, who has been Chair since 14 December 2024.

Trustee nominations are the responsibility of the Board and are made as opportunities arise, to meet perceived needs.

Since the last accounts(2023/24) were approved, the Board has appointed 2 new trustees with the 2024/25 period.

A training and development programme for all trustees is being introduced by the Board. Other development opportunities for individual trustees, shaped to suit individual needs, are also made available. New appointees undergo an induction process to ensure they understand the work of Ardagh Community Trust and the requirements for charity trustees generally.

Organisation

The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits.

The trustees meet together as a body approximately every 6-weeks and are responsible for all decisions taken in relation to running the charity and the community facilities and the activities provided by the charity. To assist in the smooth running of the charity the trustees have set up a number of sub-committees that help them oversee certain aspects of the charity’s work. Subcommittees are currently set up for finance, health and safety, new trustees’ recruitment, site planning and organisational development and each reports back with their recommendations to the full meeting of the trustees.

The sub-committees each meet for specified purposes, so some are time-limited (trustees recruitment process, site planning and organisational development) and others ongoing (finance, health and safety). Sub-committees’ membership reflects the particular skills that trustees can bring to the work of the sub-committees. Additionally, Trustees meet to review, discuss and set the annual budget for the charity – this meeting took place on 25 March 2025 for the next accounting period. Budgets and performance against projections are monitored by Trustees at quarterly meetings.

The day-to-day management of the charity, community facilities and projects are delegated to the ACT CEO and Director, Horfield Common CIC. The charity delegates the day-to-day management of the building, facilities and services including the Café, etc to Horfield Common CIC, a wholly-owned social enterprise which operates the facilities and transfers any surplus to the charity at the end of the

2

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

financial year..

Pay policy for key management personnel

The trustees considers that the key management personnel of the charity comprise the Board, the CEO and Chief Operating Officer (COO) to whom the trustees have delegated responsibility for the day-to-day running of activities. No trustee receives remuneration or other benefit from their work with the charity. Details of trustees’ expenses and related party transactions are disclosed in notes 13 and 14 respectively..

Recruitment and appointment of trustees

The existing trustees are responsible for the recruitment of new trustees whose appointment is confirmed by members at the charity’s annual AGM. In selecting new trustees, the Charity seeks to identify people who can offer specific skills and experience which augment and strengthen the board as a whole. Potential trustees are invited to attend trustees’ meetings as observers and are given more details of the charity’s aims and activities and, if all agree, they are then proposed as new trustees at the subsequent trustees’ meeting. This process allows due consideration of the person's eligibility, personal competence, specialist knowledge and skills.

Trustees complete a declaration of interests form annually and any conflicts of interest are declared verbally at meetings, with the relevant individual required to excuse themselves from any meeting items, as appropriate.

Induction and training of trustees

Following appointment, new trustees are introduced to their new role and given copies of the constitution and a guide to the policies and procedures adopted by our charity. A number of publications from the Charity Commission are also provided including the guidance on charities and public benefit. This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act.

Risk management

The trustees have assessed the risks the charity faces and have drawn up a risk register which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measures taken to manage them. The trustees review this risk register regularly at their meetings and it is reviewed by a nominated Trustee and the charity’s CEO between meetings. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the charity are kept under review. Appropriate Disclosure Barring Service checks, supported by regularly reviewed policies, are made for relevant volunteers.

3

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

OBJECTIVES AND ACTIVITIES

Objectives

Our objectives are set to reflect our ethos and aims. Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit.

Our medium-term aim is to regenerate the facilities at the Ardagh site to provide good quality, fit-forpurpose accessible facilities for community use. Our long-term aim is to enable use of the facilities at the Ardagh by people who live and work in the Horfield Common area to respond to existing and emerging need in the local area.

Our long-term ambition is to regenerate all of the Ardagh site, and through our community facilities and activities, including partnership working with other local organisations to support improved outcomes for all members of our local and wider communities.

Public benefit

During the period ended 31 March 2025, Ardagh Community Trust continued to deliver public benefit to the people who live and work in the Horfield Common area, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said people and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation at the Ardagh site, with the objective of improving the conditions of life for the people who live and work in the Horfield Common area. In furtherance of these objectives but not otherwise, the trustees shall have power: to establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects.

The Trustees have complied with section 17(5) of the 2011 Charities Act, having due regard for the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives.

Going concern

The Trustees have given due consideration to the charity’s ability to meet its obligations for the foreseeable future. Given the robust reserves policy in place the Trustees consider it is appropriate to adopt the going concern principle in preparing these financial statements.

Our Aims

The objects of the CIO are set out in the charity’s governing document and are: To further or benefit the people who live and work in the Horfield Common area, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said people and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation at the Ardagh site, with the objective of improving the conditions of life for the people who live and work in the Horfield Common area.

4

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Strategies

We want to make the Ardagh an accessible and welcoming community venue where all can gather together to relax, take part in leisure activities, volunteer, play, meet new friends and neighbours, get involved in community-led activity which supports improved outcomes for the local area, enjoy spending time in the public gardens or enjoy the Community Café service offered through the regenerated pavilion.

The site is open daily with seasonal variations. The site needs significant investment to achieve the charity’s long-term vision. Since securing the Community Asset Transfer (CAT) lease in 2019, ACT has made strong progress in achieving improvements to the site’s physical infrastructure.

In order to maximise use of the facilities while ACT focuses on strategic and fundraising work to enable capital improvements, the charity works in partnership with a wide range of local partners to deliver activities which engage the community and support ongoing achievement of our charitable aims. For example, ACT provides space for volunteers who are recruited and trained by AGE UK Bristol, to provide free to attend, weekly Tai-Chi (health exercise) classes for local people over 50.

Achievements

Ardagh Community Trust’s significant activities through this accounting period have been ongoing engagement and negotiations with the local authority to enable progress towards the charity’s overarching aim, to secure a sustainable future for the Ardagh site under community management. There are a complex set of existing legal disputes between legacy-tenants of one area of the site, and the local authority which ACT’s Trustees have sought to understand, mediate and engaged in local democratic decision-making fora to resolve.

ACT’s Trustees have worked closely with stakeholders including members, local councillors, local MP and representatives from a wide range of local groups and organisations who understand the value of the Ardagh as a facility for our local community and who support ACT’s aim and ambition for the longterm future.

Through 2024-25, activity at the Ardagh, delivered by our wholly-owned social enterprise, Horfield Common CIC (Company Number 09899579), welcomes more than 14,000 individual visitors monthly. Site-users are accessing a wide range of activities provided by the charity, social enterprise and thirdparty providers hiring community spaces at the Ardagh to deliver a wide range of activities.

The charity has continued to fundraise to make improvements to the site’s facilities while the longterm future of the whole site is resolved with the local authority. In June 2023, the bowling green area was included in the Trust’s lease. This is a significant achievement as it means that the charity is now in a position to develop a future vision for the site. In this financial year, the bowling green has been used widely by the community and has provided extension seating for the café. Following the consultation in the summer of 2024, we have identified priorities to move forward with the vision to enable us to move forward to obtain relevant planning permission and secure funding.

ACT has worked in partnership with the National Institute of Health Research, My Community Bristol, Power To Change and other funders to develop opportunities for our local and wider community. ACT has also continued to work in partnership with volunteer-led groups and local partners to provide space for community-generated activities which support improved outcomes for people who live and work in the Horfield Common area. These include: Family Food Action, Age UK Bristol, The Outdoors Project, Life Cycle Bristol, Bereavement Peer-Support Group, Inclusive Play Sessions with Scrapstore Bristol, Hideaway Forest School, Rethink Menopause, Rock-Out Baby and more.

5

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Currently, the site is continuing to deteriorate physically and long-term improvement of the facilities is needed to enable ongoing use by the local community and respond to existing and emerging needs.

During this financial year, ACT have implemented a full site survey, ecological and arboricultural surveys and further development of fully-costed plans by Architects which can be used in the future to develop and prioritise a fundraising and site improvement strategy.

To achieve this, work was completed, including community consultation, on the vision for the Trust with funds secured from Government. Considerable work was done to develop the detail of the Vision with a view to submitting a substantial bid for further funds under the Government’s ‘Levelling up‘ initiative which disappointingly was abandoned following the General Election in mid-2024. This means our focus for the coming year is to identify and secure funding sources to pay for the regeneration project.

Whilst regenerating parts of the site are a priority, we also incur significant costs for the charity including the ongoing maintenance of the site to ensure it is able to continue to be used for leisure, education and wider activity ongoing.

The external grant funding environment continues to be challenging and income from external grants has decreased over the past three years. Our social enterprise activities continue to lead the Charity’s income generating strategy to enable a sustainable and secure future for the organisation long-term.

Our foci as we move on from 2023-24, continues to be the ongoing development of our wholly-owned social enterprise (in order to grow increased income generating opportunities) and the continuing development of a community-led vision for the site, costings for this and a fundraising plan for 202526 which will enable the charity to move further towards our main aim – improving the facilities at the site so that they are fit for purpose for ongoing community use into the future.

Progress was made in utilising WECA funds to develop the garden nursery business, which will be further developed in the coming year. The main group behind the nursery is a group of dedicated volunteers who have developed further horticultural knowledge and skills through the nursery operation.

We continue to run community events such as Halloween, Christmas carol evening, dog shows, food evenings, monthly craft and food markets and volunteer days

Several key members of staff left the organisation In 2024 including one of the founders of ACT . The board successfully recruited a new CEO and successfully navigated a difficult transition period whilst recruiting for new members of staff.

The board appointed a new experienced chair to the Board of Trustees and plan to strengthen the Board with further Recruitment of Trustees after completing a skills audit in 2025.

Use of volunteers

Volunteers are an important and invaluable resource in both our governance and community work. Volunteers are involved in most of our community activities and we have over 30 people regularly giving their time including all of our trustees, regular volunteer gardeners, site maintenance volunteers, community activity leads and practical work party supporters. We encourage all of our members to be involved in voluntary activities and to share their skills with others. Relevant volunteers are DBS checked.

6

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Members, Funders and Supporters

Ardagh Community Trust is grateful for the support of a wide range of organisations, individuals and groups including our members. Membership is open to all local people who support ACT’s aims and costs £1 per year. Our aim for 2025-26 is to improve our membership scheme to attract more members.

Our community café service (run by our wholly-owned social enterprise, Horfield Common CIC) is used by an average of 5,000 individuals weekly and more than 300 people participate in activities including volunteering each week at the Ardagh.

Through this accounting period, the charity has received support from a range of organisations and individuals. We gratefully acknowledge the support from donations and external grant funding. Along with income generated through socially enterprising activities by our wholly-owned community interest company, Horfield Common CIC, this support has enabled us to achieve the outcomes detailed in this report:

Bristol City Council: Community Asset Management Grant (specifically for the vision development and grounds repair)

Financial Review

The charity’s income for the year 2024-25 was £69,178 (PY: £108,679). Total administrative costs of running the charity were £61,419 (PY: £107,733). Total administrative costs have decreased from 2023-24 due to the reduction in gardening services, purchase of garden materials and freelance staff. All surplus generated by the charity’s activities are re-invested into activities which progress the charity’s aims.

Ongoing throughout this financial year has been work by Trustees and designated employees to develop relationships, fundraising opportunities and partnerships to regenerate the currently dilapidated sports courts at the Ardagh site. This work remains ongoing at the time of writing this report.

28% (2024: 9%) of the charity’s income through this financial year has been generated by donations in support of the charity’s aims.

Principal risks and uncertainties

Ardagh Community Trust has a structured and well documented approach to risk assessment and management. Operational and strategic risks are subject to continuous review and assessment at Board level, to ensure that controls are adequate and appropriate mitigation action is in place.

Ardagh Community Trust’s Balance Sheet is strong and financial resilience is good.

Trustees recognise the importance of highly professional and experienced staff in delivering its strategic objectives. Recruitment and retention policies are constantly reviewed to ensure best practice.

7

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Reserves Policy

The Board reviews its reserves policy, at a minimum, on a quarterly basis as part of regular board meetings. The Board recognises that the review is an important part of its governance framework and forward financial planning.

The Trustees regard the 2024 level of reserves to be prudent and justified in relation to ongoing Ardagh Community Trust expenditure and commitments. Moreover, Ardagh Community Trust reserves position sends a clear message to stakeholders that Ardagh Community Trust is well led, well managed and prudently run. Unrestricted reserves provide security against foreseeable developments, a sensible contingency for unforeseen events and enable Ardagh Community Trust to take advantage of viable opportunities to enhance resources and skills in the promotion of charitable objectives.

The Trustees consider it prudent to maintain a minimum level of general unrestricted reserves equivalent to at least three months’ in-house running costs.

8

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees are responsible for preparing a trustees’ report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

So far as the Board of Trustees are aware:

Purple Lime Accountancy Ltd will be proposed for reappointment as Independent Examiners.

The trustees’ report was approved by order of the board of trustees on 11 October 2025 and signed on the board's behalf by:

......................................................... Le da lor Lindsey Fuller – Chairperson

.........................................................

Steve Strong – Trustee

9

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Independent examiner’s report to the trustees of Ardagh Community Trust

We report to the charity trustees on my examination of the accounts of the Ardagh Community Trust for the period ended 31 March 2025 which are set out on pages 11 to 26.

This report is made solely to the charity’s Trustees, as a body, in accordance with section 154 of the Charities Act 2011 (‘the Act’). My independent examiner’s work has been undertaken so that we might state to the charity’s Trustees those matters we are required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity, the charity’s members as a body and the charity’s Trustees as a body for our independent examiner’s work, for this report, or for the opinions we have formed.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Act.

We report in respect of our examination of the charity's accounts carried out under section 145 of the Act and in carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

On completing my examination, we confirm that no material matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Purple Lime Accountancy Ltd

Date: 11 October 2025

10

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust Statement of Financial Activities (incorporating an Income and Expenditure Account) for the year ended 31 March 2025

Unrestricted
funds
Notes
£
Income from:
Donations and legacies
3
30,925
Other trading activities
4
3,736
Investments
5
-
Total income
34,661
Expenditure on:
Charitable activities
8
31,116
Total expenditure
31,116
3,545
Transfers between funds
20
-
Net movement in funds
3,545
Reconciliation of funds
Total funds brought forward
324,689
Total funds carried forward
328,234
Net income / (expenditure)		 Restricted
funds
£
34,517
-
-
34,517
30,303
30,303
4,214
-
4,214
25,679
29,893		 Total
funds
2025
£
65,442
3,736
-
69,178
61,419
61,419
7,759
-
7,759
350,368
358,127		 Total
funds
2024
`
106,728
1,878
74
108,680
107,734
107,734
946
-
946
349,423
350,369

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended arise from continuing activities, comparative figures for each fund class are provided in the notes to the accounts.

The notes form part of these financial statements

11

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust Balance Sheet as at 31 March 2025

Registered Charity number: 1172556 Registered Charity number: 1172556
2025 2024
Notes £ £
Fixed assets
Tangible assets 15 268,046 267,524
Current assets
Debtors 16 82,745 78,162
Cash at bank and in hand 10,736 19,881
Liabilities 93,481 98,043
Creditors falling due within one year 17 (3,400) (15,200)
Net current assets 90,081 82,843
Total assets less current liabilities 358,127 350,367
Net assets 358,127 350,367
Funds
Restricted 20 29,893 25,679
Unrestricted 20 328,234 324,689
Total funds 358,127 350,368

The Trustees acknowledge their responsibilities for:

preparing accounts which give a true and fair view of the state of affairs of the organisation as at the end of the financial (b) period and of its profit or loss for the financial period.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The financial statements were approved by the Board on 11 October 2025 and were signed on its behalf by:

...................................................... Lindsey Fuller - Chairperson ...................................................... Stoa Stroy Steve Strong - Trustee

The notes form part of these financial statements

12

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2024

1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation in the preparation of the financial statements are as follows:

a) Accounting convention

Ardagh Community Trust is a charity registered in England and Wales. The address of the registered office is given in the reference and administration details on page 1 of these financial statements. The nature of the charity’s operations and principal activities are detailed within the Trustees’ Report.

Ardagh Community Trust meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared on a going concern basis under the historical cost convention, and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice 2019 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

b) Income recognition

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from grants, whether capital or revenue, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Interest receivable on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

All other income is recorded on an accruals basis except for subscriptions and website income that are accounted for on a receipts basis.

c) Expenditure recognition

Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been classified under the following headings:

Costs of raising funds comprise the costs incurred in attracting voluntary income, and those incurred in trading activities to raise funds.

Charitable activities comprise both direct costs, grants payable and support costs relating to these activities.

Irrecoverable VAT is charged against charitable activities in proportion to indirect costs that have been incurred.

13

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust

Notes to the financial statements for the year ended 31 March 2025 - continued

1 Accounting policies (continued)

Grants payable to third parties are within the charitable objectives. Unconditional grants are accrued during the period to which they relate, according to the agreed payment schedule, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

d) Allocation of support costs

Support costs include central functions and governance costs and have been allocated on a basis consistent with the use of resources, e.g. by the time spent or the estimated usage. Details of support costs allocated are set out in note 10.

e) Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property 3 years to 10 years on straight line basis Fixtures and fittings 3 years on straight line basis Office equipment 3 years on straight line basis

Fixed assets are stated at original cost or, if donated, the value at date of receipt, less accumulated depreciation. Expenditure on assets is capitalised if the expenditure amounts to £500 or more.

f) Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011.

g) Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in note 20.

h) Pension costs and other post-retirement benefits

The wholly owned subsidiary of ACT, HCCIC operates a defined contribution pension scheme which all eligible workers are automatically enrolled in. All charity staff are formally employed through the CIC.

i) Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred over the term of the lease.

j) Going concern

Trustees are confident that they have robust strategies in place, as set out in the reserves policy in the trustees report, enabling the charity to continue to adopt the going concern basis in preparing the financial statements.

k) Cash at bank in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l) Debtors receivable and creditors payable

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

14

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2025 - continued

2 Fund comparatives

Income from:
Donations
Other trading activities
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income / (expenditure)
Gross transfers between funds
Net movement in funds		 Unrestricted
funds
Restricted
funds
2024
2024
£
£
32,153
74,574
1,878
-
74
-
34,105
74,574
45,999
61,734
45,999
61,734
(11,894)
12,840
-
-
(11,894)
12,840		 Total
funds
2024
£
106,727
1,878
74
108,678
107,733
107,733
945
-
945

The table above is included to provide comparative figures for the unrestricted and restricted split of income and expenditure as presented in the preceding financial year.

15

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2025 - continued

3 Donations and legacies

Donations
Grants
Gift Aid
Miscellaneous Income
4
Membership fees
Court Bookings
5
Deposit account interest
Other trading activities
Investment income		 2025
£
19,456
36,829
9,157
-
65,442
2025
£
21
3,715
3,736
2025
£
-		 2024
£
9,791
90,645
6,292
-
106,728
2024
£
33
1,845
1,878
2024
£
74

16

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust

Notes to the financial statements for the year ended 31 March 2025 - continued

6 Incoming resources from charitable activities

Membership Fees
Court Bookings
7
Purchases
8
Charitable activities
9
If applicable
Grants payable
Expenditure on raising funds
Charitable activities costs		 Direct costs
£
-
-		 Grant funding of
activities
(See note 9)
£
-
-		 2025 total
activities
£
21
3,715
3,736
2025
£
-
-
Support costs
(See note 10)
£
61,419
61,419
2025
£
-
-		 2024 total
activities
£
33
1,845
1,878
2024
£
-
-
Totals
£
61,419
61,419
2024
£
-
-

17

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Events - Materials/Consumables
General Expenses
Costs related to HC CIC
Freelance Gardening Services
Freelance Staff
Advertising & Marketing
Audit & Accountancy fees
Paypal fees
Gardening Materials/Equipment
Fund Transferral to HC CIC
Consulting
Depreciation Expense
Postage, Freight & Courier
Legal Expenses
Printing & Stationery
IT Software and Consumables
Small Equipment
Professional Fees
Rates
Repairs & Maintenance
Build costs
Staff Training
Subscriptions
Telephone & Internet
Bank Fees
Travel - National
Support costs		 BCC Play
Contract
BCC Cam
Grant
Quartet
COF
Power2Cha
nge
£
£
£
£
£
-
-
- 1,450
-
1,828
7,780
- 744
-
-
-
-
-
-
-
-
-
-
-
- 811
-
549
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
13
-
15,000
1,133
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
936
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- 59
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
16,828
9,783
- 3,692
-
Notes		 Mencap
£

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-
to the financial stat		 Asset Depreciation
Fund
£
-
-
-
-
-
-
-
-
-
-
-
7,115
-
-
-
-
-
-
-
-
-
-
-
-
-
-
7,115
Ardagh Community Tr
ements for the year en		 Unrestricted General
£
332
2,440
-
923
497
3,400
475
734
6,401
-
-
-
-
8
-
-
5,619
618
986
-
150
1,397
10
11
-
24,001
ust
ded 31 March 2025 - contin		 2025
£
1,782
12,792
-
-
2,283
497
3,400
475
747
22,534
-
7,115
-
-
944
-
-
5,619
618
1,045
-
150
1,397
10
11
-
61,419
ued		 2024
£
3,211
4,718

13

14,571
8,222
1,351
3,200
191
6,080
43,697

525
6,919

2

3,665
291

304

441
-
-
5,703

3,687
-
692
18
-

234
107,733

10 Support costs

Support costs have been allocated between charitable activities on the basis of either time spent or the estimated usage of each expense. Some costs have been allocated in full, where they have been identified as specifically relating to a charitable activity.

Corporation tax
Professional fees
Accountants charges for indepenent examination
Accountants charges for other services
This is stated after charging / (crediting):
Auditors'/Independnet Examiners remuneration
Auditors'/Independent Examiners remuneration for non-audit work
Depreciation
Operating lease rentals
Net income / (expenditure) for the year		 2025
2024
£
£
-
-
-
-
1,400
1,200
2,000
2,000
3,400
3,200
2025
2024
£
£
1,400
1,200
2,000
2,000
7,115
6,919
-
-

12 Net income / (expenditure) for the year

Auditors'/Independnet Examiners remuneration Auditors'/Independent Examiners remuneration for non-audit work Depreciation Operating lease rentals

18

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2025 - continued

13 Analysis of staff costs and employee benefits, trustee and key management personnel remuneration and expenses

Wages and salaries
Social security costs
Other pension costs		 2025
2024
£
£
-
-
-
-
-
-
-
-

The staff costs are incurred by the associated company, Horfield Common Community Interest Company (Company Number: 09899579).

The average head count during the year was nil (2024: nil), these employees were distributed as follows:

Charitable - full-time
Charitable - part-time tutors
Governance and support		 2025
2024
-
-
-
-
-
-
-
-

The number of employees who received total employee benefits (excluding employer pension contributions) of more than £60,000 were as follows:

£60,001 - £70,000
£70,001 - £80,000
£80,001 - £90,000
£90,001 - £100,000
£100,001 - £110,000		 2025
2024
-
-
-
-
-
-
-
-
-
-

No trustee was paid nor received any other benefit from employment with the charity during either the current or preceding year.

The key management personnel of the charity comprises the trustees to whom responsibility for the day-to-day activities of the charity is delegated.

14 Pension costs

The charity made no pension contributions in 2025 and 2024.

19

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2025 - continued

15 Tangible fixed assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 £
323
1,650
1,973
189
657
846
1,127
134
Plant and
Machinery		 £
54,612
5,588
60,200
17,112
6,020
23,132
37,068
37,500
Improvements
to property		 £
3,710
-
3,710
3,710
-
3,710
-
-
Fixtures
and fittings		 £
917
399
1,316
369

438
807
509
548
Office
equipment		 Totals
£
£
229,342
288,904
-
7,637
229,342
296,541
-
21,380
-
7,115
-
28,495
229,342
268,046
229,342
267,524
Asset under
Construction

16 Debtors

Trade debtors
Prepayments and accrued income
Other debtors
HM Revenue and Customs		 2025
£
-
-
82,745
-
82,745		 2024
£
6,000
-
72,162
-
78,162

20

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2025 - continued

17 Creditors: amounts falling due within one year

Trade creditors
Social security and other taxes
Corporation Tax
Other creditors
Accruals and deferred income
Deferred income at 1 April 2024
Incoming resources deferred in the current year
Amounts released from the previous year
Deferred income at 31 March 2025		 2025
£
3,400
3,400
£
-
-
-
-		 2024
£
-
-
-
12,000
3,200
15,200

18 Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Expiring:
Within one year
Between one and five years
Over five years		 2025
£
-
-
-
-
Land and		 2024
£
-
-
-
-
buildings		 2025
2024
£
£
-
-
-
-
-
-
-
-
Other operating leases

19 Analysis of net assets between funds

Fixed assets
Current assets
Current liabilities		 Unrestricted
funds
£
268,046
63,588
(3,400)
328,234		 Restricted
funds
£
-
29,893
-
29,893		 2025
Total funds
£
268,046
93,481
(3,400)
358,127		 2024
Total funds
£
267,524
98,043
(15,200)
350,367

21

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2025 - continued

20 Movement in funds

At 1 April
2024
£
Unrestricted funds:
General Fund
57,166
Designated funds
Asset Depreciation Fund
267,524
324,689
Restricted funds:
Mencap
3,467
Quartet
5,000
Power2Change
-
COF
9,984
BCC Cam Grant
-
BCC Play Contract
7,227
25,679
TOTAL FUNDS
350,368
Net movement in funds, included in the above are as		 Net movement
in funds
£
10,660
(7,115)
3,545
-
-
-
(3,691)
3,444
4,461
4,214
7,759
follows:		 £
(7,637)
7,637
-
-
-
-
-
-
-
-
-
Transfers
between funds		 At 31 March
2025
£
60,189
268,045
328,234
3,467
5,000
-
6,293
3,444
11,689
29,893
358,127
Unrestricted funds:
General Fund
Designated funds
Asset Depreciation Fund
Restricted funds
Mencap
Quartet
Power2Change
COF
BCC Cam Grant
BCC Play Contract
TOTAL FUNDS		 Incoming
resources
£
34,661
-
34,661
-
-
-
-
13,227
21,290
34,517
69,178		 Resources
expended
£
(24,001)
(7,115)
(31,116)
-
-
-
(3,692)
(9,783)
(16,828)
(30,303)
(61,419)		 Movement in
funds
£
10,660
(7,115)
3,545
-
-
-
(3,692)
3,444
4,462
4,214
7,759

22

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2025 - continued

20 Movement in funds - continued

The tables below include comparative figures for movements in funds during the year ended 31 March 2024.

Unrestricted funds:
General Funds
Designated funds
Asset Depreciation Fund
Restricted funds:
Weslyan Foundation
Mencap
Quartet
Power2Change
Arts Council Jubilee Fund
My Community Fund (Res)
St Monicas Trust
Crazy Diamond Fund
COF
BGAG Business Growth & Adaption
BCC Play Contract
TOTAL FUNDS		 At 1 April
2023
£
70,055
209,383
279,438
9,600
-
11,600
38,797
9,988
-
-
-
-
-
-
69,985
349,423		 Net movement
in funds
£
(4,975)
(6,919)
(11,894)
(9,600)
3,467
(6,600)
3,650
(9,988)
-
-
-
9,984
14,699
7,227
12,839
945		 £
(7,914)
65,060
57,146
-
-
-
(42,447)
(14,699)
(57,146)
-
Transfers
between funds		 At 31 March
2024
£
57,166
267,524
324,689
-
3,467
5,000
-
-
-
-
-
9,984
-
7,227
25,679
350,368

Net movement in funds, included in the above are as follows:

Unrestricted funds:
General funds
Designated funds
Asset Depreciation Fund
Restricted funds
Weslyan Foundation
Mencap
Quartet
Power2Change
Arts Council Jubilee Fund
My Community Fund (Res)
St Monicas Trust
Crazy Diamond Fund
COF
BGAG Business Growth & Adaption
BCC Play Contract
TOTAL FUNDS		 Incoming
resources
£
34,105
-
34,105
-
4,881
5,000
12,000
-
6,000
500
4,000
9,984
20,209
12,000
74,574
108,679		 Resources
expended
£
(39,080)
(6,919)
(45,999)
(9,600)
(1,414)
(11,600)
(8,350)
(9,988)
(6,000)
(500)
(4,000)
-
(5,510)
(4,773)
(61,735)
(107,734)		 Movement in
funds
£
(4,975)
(6,919)
(11,894)
(9,600)
3,467
(6,600)
3,650
(9,988)
-
-
-
9,984
14,699
7,227
12,839
945

23

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust

Notes to the financial statements for the year ended 31 March 2025 - continued

20 Movement in funds - continued

Asset Depreciation Fund

The fund is used to hold any expenditure relating to all assets including that of the asset under construction. It is also where depreciation is charged against the assets

Power2Change

Exploratory Community Tech Project to explore about how they could use community tech to solve a challenge either the business or their community are facing.

BCC Play Contract

To deliver play sessions for children and young people in North Bristol.

BCC Cam Grant

Funding to help support Community Asset Management.

Mencap

To develop and deliver end of project event.

Quartet

To pay for salary costs for creation of new business plan and organisational development

COF

To pay for professional fees associated with, and develop a costed vision and fundraising strategy for regeneration of the Ardagh through a COF application.

Transfers between funds

There was a transfer from the unrestricted fund to the designated fund for capital expenditure of £7,637. (2024: £7,914)

24

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust

Notes to the financial statements for the year ended 31 March 2025 - continued

21 Related party disclosures

Horfield Common Community Interest Company (Company Registration Number: 09899579) is a company limited by guarantee which has the following trustees as directors:

Victoria Kaye Stephen Strong Fiona Wright

Recharged expenditure to Horfield Common Community Interest Company of £22,535 (2024 :£43,697) during the year. At the year end, Horfield Common Community Interest Company owed £82,745 to Ardagh Community Trust (2024: £72,162 owed to)

Ardagh Community Trust received a donation of nil (2024: nil) from the Horfield Common Community Interest Company

22 Ultimate controlling party

The trustees consider that the charity is jointly controlled by the trustees and that there is no ultimate controlling party.

25

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Ardagh Community Trust

Detailed Statement of Financial Activities for the year ended 31 March 2025

INCOME
Donations
Grants
Donations
Subscriptions
Other trading income
Membership fees
Court Bookings
Investment income
Deposit account interest
Total income
EXPENDITURE
Support costs
Freelance Gardening Services
Audit & Accountancy fees
Paypal fees
Gardening Materials/Equipment
Fund Transferral to HC CIC
Costs related to HC CIC
Events - Materials/Consumables
Consulting
Depreciation Expense
General Expenses
Build Costs
Repairs and Mainetance
Legal Expenses
Printing & Stationery
IT Software and Consumables
Small Equipment
Subscriptions
Telephone & Internet
Travel - National
Freelance Staff
Advertising and Marketing
Rates
Professional Fees
Staff training
Bank Fees
Total expenditure
Net movement in funds		 2025
£
36,829
28,613
-
65,442
21
3,715
3,736
-
69,178
-
3,400
475
747
22,534
-
1,782
-
7,115
12,792
-
1,045
-
944
-
-
1,397
10
-
2,283
497
618
5,619
150
11
61,419
61,419
7,759		 2024
£
90,645
16,082
-
106,727
33
1,845
1,878
74
108,679
14,571
3,200
191
6,080
43,697
13
3,211
525
6,919
4,718
3,687
5,703
3,665
291
304
441
692
18
234
8,222
1,351
-
-
-
-
107,734
107,734
945

26

Docusign Envelope ID: 92B4CA70-7637-47D3-878B-468B98A3A5C5

Introduction

Update the charity name below to update financial statements throughout. Need to update the date for each tab.

Update the prior year on the primary statements by using the prior year signed financial statements.

Review the accounting policies as these need to reflect the appropriate changes per entity. Basis was the complicated charity we do and so in most cases the policies won't be applicable and so it is a process of eliminating those that are not relevant

Charity Name Ardagh Community Trust

Current Year 2025 Prior Year 2024