GRIMESTHORPE FAMILY CENTRE CHARITY NO. 1184732 TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
GRIMESTHORPE FAMILY CENTRE CONTENTS Page Legal and administrative infomiation Twstees, Report 44 Independent Examiners, Report Statement of financial activities 10 Balan Sheet Notes to the Accounts 12-17
GRIMESTHORPE FAMILY CENTRE LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES: P.Pri S.Richards J.Luxon P.Norsworthy CHAIRTY NUMBER: 1184732 REGISTERED OFFICE: Grimesthorpe Family Centre Holywell Road SHEFFIELD S4 8AR INDEPENDENT EXAMINER: Samantha Nicholson BA (Hons) {Open) FMAAT Oakleigh Accounting Knowle House 4 Norfolk Park Road SHEFFIELD S2 3QE BANKERS: Virgin Money 157 Bradfield Road SHEFFIELD S6 2LY
GRIMESTHORPE FAMILY CENTRE TRUSTEES. REPORT FOR THEYEAR ENDED 31 MARCH 2025 The trustees of the charity submit their annual report and the financial ststements for the year to 31 March 2025. Stru¢ture, governance, and management Grimesthorpe Family Centre is a Charitable incory)orated Organisation regISted in England and Wales and is governed by its Constitution which was adopted on 2 August 2019. Serving trustees in the reporting period were.. P.Price S.Rityhards J.Luxon P.Norsworthy New trustees are appointed though a selection by a collective of the current trustees. Objects Our objective is to benefit the residents of Grimethorpe, Brightside and the neighbourhood to advance education and to provide facilities I the interest of social vRlfare for recreation and leisure. Achievoments and Perforniance We continue to be used by a variety of local organisations and individuals. We are pleased that our diverse c<ynmunity makes use of the hall. Birthday parties for children are a regular activity even including indoor bouncy castles. Use by Muslim families for post-funeral gatherings. Weekly Breakfast club in Gonjunction with local council seNIs. Often the base for Iltter picking expeditions. Breakfast club often attended by our ward councillors to take up casework. Used by the council as a polling station each year. Used for occasional public meetings under the aegis of the Local Area Committee. Trustees have chaired meetings to provide neutrality. Next year we intend to work at recruiting new trustees to broaden our skills base. Financlal Revlew Our financial position is steady. We have managed to maintain rentsl income and activities within the hub throughout the year. Our principal sources of fund continue to be rental income. e board of twstees On behalf of Peler Pri Chair
GRIMESTHORPE FAMILY CENTRE INDEPENDENT EXAMINER'S REPORT I report to the trust&s on my examination of the financial statements for the year ended 31 March 2025, which comprise the Statement of Financial Activitios, the Balance Sheet and the related notes. Respective responsibilities of trustees and examiner As the charity's trustee you are responsibl8 for the preparation of the financial statemerrts in accordance with the requirements of the Charities Act 2011 ('the Act'>. The trustee considers that an audit is not required for this year under the Charities Act 2011, s.144{2) (the 2011 Act) and that an independent examination is needed. I report in r8spect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions gsven by the Charity Commission under section 145{5)(b) of the Act. Ba818 of independent examinef$ report I have completed my examination. I can confirm that no material matte¥5 have come to my attention in connection with the examination giving me cause to believe that in, any material respect: the accounting records were not kept in respeGt of the charity as required by section 130 of the Act; or the financial statements do not accord with those records," or the financial statements do not comply with the applicable requirements concemirKJ the fom and content of the financial statements set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the financial slatements give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no concems 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 financial statements to be reached. S Nicholson BA (Open) (Hons) FMAAT Oakleigh Accounting Knowle House 4 Norfolk Park Road SHEFFIELD S2 3QE
GRIMESTHORPE FAMILY CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Nots8 Unre8tricted Restrictod funds funds Total 2025 Total 2024 Incomln funds Gran:s and donations Investment income Incoming resource from charitable activities Miscellaneous Income Total incoming resources from enerated 4,350 42,685 47,035 15,412 14 8,597 891 12,837 12,837 Resourees ex Raisi ig funds Charitsble activities Depreciation Other Total resources expended nded 7,359 1,200 500 7,420 1,200 14,T19 2,400 50 10,845 Net incomellexponditure) for the year Net Inovement in Funds Fund balances at brought fotward Fund balances to carried forward 8,133 34,025 42,198 14,069
GRIMESTHORPE FAMILY CENTRE BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes FIXED ASSETS Tangible assets 21,600 CURRENT ASSETS Debtors Cash at bank and in hand 10 46.365 LIABILITIES Creditors.. Amounts falling due within one year 25,267 500 Amounts falling due over one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 67,465 25,267 INCOME FUNDS Restricted fvnds Unrestricted funds 13 34,025 SHAREHOLDERS, FUNDS 26 The accounts were approved by the Board on 26 Peter Price Chair
GRIMESTHORPE FAMILY CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES 1.1 Charity Inforniation Grimesthorpe Family Centre is a Charity registered in England and Wales. It has a registered charity number 1184732. Charty administration details can be found on the reference page of these financial stateiments. The charity's aims and activities are explained in the trustees, report. Its principal office is Grimesthorpe Family Centre, Holywell Road, Sheffield. S4 8AR. 1.2 Basis of preparatlon The inancial statements have been prepared in accordan with Statement of Recommended Practi.. Accounting and Reporting by Charities preparing their accounts in accordan wrth the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charities Act 2011. The financial statements are presented in Sterfing (£) 1.3 Going Concern Aftei reviewing the charity's budgets, forecasts and cash flow projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for tie foreseeable future. Accordingly, the financial statements have been prepared on a going conrn basis. 1.4 Incoming resources Donations and grants receNed are allocated between restricted and unrestricted funds and between the differen types of incoming resources according to their nature. Grants for revenue expenditu and capital expenditure are recognised in the statement of financial activities on a receivable basis. other incoming reSoUrs, including investment income, are recognised in the statement of financial activities on a receivable basis. 1.5 Resou03 expended Resources expended are recognised in the period in which they are incurred. Expenditure is alloated to the appropriate headings in the Statement of Financial Activities according to the purpose for which the costs are incurred. Charitable activities include costs incurred directly in the delivery of the charity's objectives and services, together with an appropriate allocation of support costs. Govemance costs comprise those Costs incurred in the governan of the Gharity and its assets, including compliance with constitutional and statutory requirements and the oversight of the charty by the trustees. 1.6 Interest Recelvable 1nte.rest on funds held on deposit is included when receivable and th8 amount can be measured reli<ibly by the Charity., this is normally upon notification of the interest paid or payable by the ins':itution with whom the funds are deposited.
GRIMESTHORPE FAMILY CENTRE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 1.7 Taxation The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finan Act 2010 and therefore it meets the definrtion of a charitable company for UK COTporation tax purposes. Accordingly. the Charity is potentialty exempt from taxation in respect of income or caprtal gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charttable purposes. 1.8 Tangible fixed assets and depreciation Tangible fixed assets costing £1,500 or more are capitalised and recognised when future economic benefits are probab and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocale the cost of tangible fix1 assets less their residual value over their estimated useful lives. Depreciation is provided on the following bases: Fixtures and Fittings- 1 OOA straight line 1.9 Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inrtially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.10 Invostments Fixed asset investments are stated at market value. 1.11 Fund Accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial statements. Investment income. gains and losses are allocated to the appropriate fund.
GRIMESTHORPE FAMILY CENTRE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 GRANTS AND DONATIONS 2025 2024 Donations and gifts 806 806 INVESTMENT INCOME Inlerest receivable INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Unrestricted Restrthd funds funds Total 2025 Total 2024 Community activiti8S TOTAL RESOURCES EXPENDED Staff Depreciation costs other costs Total 2025 Total 2024 Community activities Communi activities Activities undertake directly Total Other c08ts 14 779 14 779 10 845 14,779 14.779 10,845 500 15 279 17 679 10 846 Other costs include payments to the independent examiner of £500 for independent examination fees. io
GRIMESTHORPE FAMILY CENTRE NOTES TO THE ACCOUNTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 ACTIVITES UNDERTAKEN DIRECTLY 2025 2024 Other costs relating to community activities comprise: Charitable activty costs Bond refunds TelephonelBroadband Repairs & Maintenance Utilities Professional fees Insurance Website expenses Small Equipment Stationery Sundry 1,602 1.305 226 4,545 2,946 540 2,557 120 459 190 259 463 3,443 2576 2366 TRUSTEES During the year the charities trustees nor any pen8ons connected with them reiVed any remuneration or benefits from the charity. EMPLOYEES 2025 2024 Number of employees The average monthly number of employees during the year was.. Charity employees Volunteers Trustees Employment costs Wages and salaries Social security costs Other pension costs Other Staffing costs There were no employees whose annual remuneration was £60,000 or more. The charity is volunteer lead and had no paid staff during the year.
GRIMESTHORPE FAMILY CENTRE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Fixtures. fittings & equipment Cost At beginning of year Additions At End of year Depreciation At beginning of year Charge for the year At End of year Net book value At End of year At beginning of year 10. DEBTORS 2025 2024 Trade debtors Amounts owed by group undertakings CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade Creditors Loans Taxes and social sewrity costs Other creditors Accruals 500 50 12
GRIMESTHORPE FAMILY CENTRE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12. PENSION AND OTHER POST-RETIREMENT BENEFITS COMMITMENTS DEFINED CONTRIBUTION The charty does not operate a defined contribution pension scheme, because during the year rt has no paid members of staff. 13. RESTRICTED FUNDS The income funds of charity include restricted funds Comprising the following unexpended balances of donations and gfants held on trust for specific purpose: Balance at start of year Incoming Resources BalanS resources expended at year end Sheffield City Council SOAR Asda Foundation NHS 14.300 5.885 22,000 500 685 3,200 3,880 1,080 500 62 11,100 2,005 20,920 025 All restricted funds have sufficient resources that they may be applied in accordan with the restrictions. 14. SUMMARY OF FUND MOVEMENT Balance brought ft)ard Income Expenditure Balan carrted foThvard Unrestricted funds Restricted: Sheffield City Council SOAR Asda Foundation NHS 25,267 17.192 9.059 33.440 14,300 5,885 22,000 500 14,300 5,885 1,080 500 3,200 3.880 20,920 13