## ## ## ||Pages| |---|---| |**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1| |**Trustees’Report**|2-7| |**Independent Auditor's Report on the Financial Statements**|8-11| |**Statement of Financial Activities**|12| |**Balance Sheet**|13| |**Statement of Cash Flows**|**14**| |**Notes to the Financial Statements**|15-30| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||**Unrestricted**|**Restricted**|**Total**|_Total_| |---|---|---|---|---|---| |||**funds**|**funds**|**funds**|_funds_| |||**2024**|**2024**|**2024**|_2023_| ||**Notes**|**£**|**£**|**£**|_£_| |**Income from:**|||||| |Donations and legacies|2|**-**|**12,019**|**12,019**|_17,375_| |Charitable activities|3|**465,993**|**-**|**465,993**|_412,321_| |Bar income||**55,417**|**-**|**55,417**|_52,662_| |Investment income|5|**36,886**|**-**|**36,886**|_36,350_| |**Total income**||**558,296**|**12,019**|**570,315**|_518,708_| |**Expenditure on:**|||||| |Raising funds||**71,655**|.|**71,655**|_59,195_| |Charitable activities|8|**624,902**|**11,470**|**636,372**|_628,268_| |**Total expenditure**||**696,557**|**11,470**|**708,027**|_687,463_| |**Net (expenditure)/income before net**|||||| |**gains on investments**||**(138,261)**|**549**|**(137,712)**|_(168,755)_| |Net gains on investments||**92,914**|**-**|**92,914**|_165,920_| |**Net movement in funds**||**(45,347)**|**549**|**(44,798)**|_(2,835)_| |**Reconciliation of funds:**|||||| |Total funds brought forward||**3,936,051**|**5,379**|**3,941,430**|_3,944,265_| |Net movement in funds||**(45,347)**|**549**|**(44,798)**|_(2,835)_| |**Total funds carried forward**||**3,890,704**|**5,928**|**3,896,632**|_3,941,430_| ## ||**BALANCE **|**SHEET**|| |---|---|---|---| ||**AS AT 31 DECEMBER 2024**||| |||**2024**|_2023_| ||**Notes**|**£**|**£**| |**Fixed assets**|||| |Tangible assets|12|**1,829,267**|_1,900,351_| |Investments|13|**2,069,567**|_2,055,463_| |||**3,898,834**|_3,955,814_| |**Current assets**|||| |Stocks|**14**|**3,773**|_5,404_| |Debtors|15|**116,407**|_57,925_| |Cash at bank and in hand||**21,506**|_30,034_| |||**141,686**|_93,363_| |Creditors: amounts falling due within one|||| |year|16|**{143,888)**|_(107,747)_| |**Net current liabilities**||**(2,202)**|_(14,384)_| |**Total assets less current liabilities being**||**----------------- **|**----------------**| |**net assets**||**3,896,632**|_3,941,430_| |**Charity funds**|||| |Restricted funds|17|**5,928**|_5,379_| |Unrestricted funds|17|**3,890,704**|_3,936,051_| |**Total funds**||**3,896,632**|_3,941,430_| ## ## ||**2024**|_2023_| |---|---|---| ||**£**|_£_| |**Cash flows from operating activities**||| |Net cash used in operating activities|**(123,191)**|_(129,315)_| |**Cash flows from investing activities**||| |Dividends, interests and rents from investments|**36,886**|_36,350_| |Purchase of tangible fixed assets|**(1,033)**|_(3,649)_| |Proceeds from sale of investments|**429,110**|_495,256_| |Purchase of investments|**(337,422)**|_(420,758)_| |Movement in investment cash|**(12,878)**|_3,894_| |**Net cash provided by investing activities**|**114,663**|**111,093**| |**Change in cash and cash equivalents in the year**|**(8,528)**|**(18,222)**| |Cash and cash equivalents at the beginning of the year|**30,034**|_48,256_| |**Cash and cash equivalents at the end of the year**|**21,506**|_30,034_| |The notes on pages 15 to 30 form part of these financial statements||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||**Restricted**|**Total**|_Total_| |---|---|---|---| ||**funds**|**funds**|_funds_| ||**2024**|**2024**|_2023_| ||**£**|**£**|_£_| |Grants|12,019|**12,019**|_17,375_| |_Total 2023_|_17,375_|_17,375_|| ## ||**Unrestricted**|**Total**|_Total_| |---|---|---|---| ||**funds**|**funds**|_funds_| ||**2024**|**2024**|_2023_| ||**£**|**£**|_£_| |Hire of halls|214,461|**214,461**|_201,809_| |Hire of outside facilities|109,856|**109,856**|_93,624_| |Hospitality|53,712|**53,712**|_55,192_| |Sundry hire and community events|47,678|**47,678**|_26,189_| |KWMCC Events|40,286|**40,286**|_35,507_| |**Total 2024**|465,993|**465,993**|_412,321_| |_Total 2023_|_412,321_|_412,321_|| ## ||**Unrestricted**|**Total**|_Total_| |---|---|---|---| ||**funds**|**funds**|_funds_| ||**2024**|**2024**|_2023_| ||**£**|**£**|_£_| |Bar income|55,417|**55,417**|_52,662_| |_Total 2023_|_52,662_|_52,662_|| KESGRAVE WAR MEMORIAL COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investment ineome Unrestrieted funds 2024 Total funds 2024 Total funds 2023 Dividends received from listed investments Bank interest received 36,399 487 36.399 487 36,079 271 36,886 36,886 36,350 Total 2023 36,350 36,350 Net (ex￿nditure1llncorne 2024 2023 This is staled after charging.. Depreciation of tangible fixed assets Auditorfs remuneration - audit of the Charity's financial statements 72,117 9.228 74, 763 7,524 Expenditure on raising funds Unrestricted funds 2024 Total funds 2024 Total funds 2023 Bar purchases Investment management costs 41,446 30,209 41.446 30,209 29, 724 29,471 71,655 71,655 59,195 Total 2023 59,195 59,195 Page 19 ## ## ## ||**Unrestricted**|**Restricted**||| |---|---|---|---|---| ||**funds**|**funds**|**Total**|_Total_| ||**2024**|**2024**|**2024**|_2023_| ||**£**|**£**|**£**|_£_| |Charitable activities|624,902|11,470|**636,372**|_628,268_| |_Total 2023_|_608,312_|_19,956_|_628,268_|| ## ||**Activities**||| |---|---|---|---| ||**undertaken**|**Total**|_Total_| ||**directly**|**funds**|_funds_| ||**2024**|**2024**|_2023_| ||**£**|**£**|_£_| |Charitable activities|636,372|**636,372**|_628,268_| ## ## ## ||**Activities**||| |---|---|---|---| ||**undertaken**|**Total**|_Total_| ||**directly**|**funds**|_funds_| ||**2024**|**2024**|_2023_| ||£|£|£| |Staff costs (see note 10)|341,238|**341,238**|_288,431_| |Light and heat|24,294|**24,294**|_21,791_| |Sports Hall activities|6,967|**6,967**|_12,405_| |Rates|7,296|**7,296**|_10,226_| |Insurance|7,743|**7,743**|_6,018_| |Cleaning costs|19,136|**19,136**|_19,554_| |Playing field & playground maintenance|15,972|**15,972**|_8,407_| |Sundry repairs & maintenance|14,516|**14,516**|_10,305_| |Telephone|7,556|**7,556**|_7,176_| |Performing rights fee|-|-|_2,052_| |Refuse collection|6,243|**6,243**|_3,571_| |Security costs|3,457|**3,457**|_2,614_| |Postage & stationery|924|**924**|_884_| |Computing costs|9,585|**9,585**|_27,355_| |Depreciation of fixed assets|72,117|**72,117**|_74,763_| |Property repairs|4,680|**4,680**|_6,216_| |Advertising|4,026|**4,026**|_2,259_| |Hospitality|23,700|**23,700**|_31,575_| |Gas|(4,967)|**(4,967)**|_19,047_| |KWMCC Event costs|35,081|**35,081**|_34,792_| |Accountancy|15,566|**15,566**|_20,955_| |Governance costs|21,242|**21,242**|_17,872_| |**Total**|636,372|**636,372**|_628,268_| ## ||**2024**|_2023_| |---|---|---| ||£|_£_| |Wages and salaries|**313,835**|_267,725_| |Social security and pension costs|**27,403**|_20,706_| |**Total**|**341,238**|_288,431_| ## ## ## ||**2024**|_2023_| |---|---|---| ||**No.**|_No._| |Charitable activities|7|_8_| |Management & administration ofthe Charity|3|_4_| ||**10**|_12_| ## KESGRAVE WAR MEMORIAL COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Tangible fixed assets Freehold Fixtures and property fittings Total Cost At 1 January 2024 Additions 1.989.381 120.631 1.033 2.110.012 1,033 At 31 Deeember 2024 1,989,381 121,664 2,111,045 Depreciation At 1 January 2024 Charge for the year 158.194 58.054 51.467 14.063 209.661 72.117 At 31 December 2024 216,248 65.530 281,778 Net l)ook value At 31 December 2024 1.773.133 56.134 1.829,267 At 31 Decembgr 2023 1,831,187 69.164 1,900,351 Page 23 ## ## ||**Listed**| |---|---| ||**investments**| ||£| |**Cost or valuation**|| |At 1 January 2024|**2,055,463**| |Additions|**337,422**| |Disposals|**(429,110)**| |Revaluations|**92,914**| |Transfer to cash|**12,878**| |At 31 December 2024|| ||**2,069,567**| ## ||**2024**|_2023_| |---|---|---| ||£|£| |Bar stock|3,773|_5,404_| ## ||**2024**|_2023_| |---|---|---| ||£|_£_| |**Due within one year**||| |Trade debtors|**77,455**|_54,357_| |Other debtors|**26,027**|_-_| |Prepayments and accrued income|**12,925**|_3,568_| ||**116,407**|_57,925_| ## ## |||**2024**|_2023_| |---|---|---|---| |||£|_£_| |Deferred income||**94,125**|_76,709_| |Trade creditors||**17,035**|_9,347_| |r\+bor fovotiAn onW
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v,vv-r|_5 922_| |Other creditors||**863**|_799_| |Accruals||**25,181**|_14,970_| |||**143,888**|_107,747_| |||**2024**|_2023_| |||£|_£_| |**Deferred income**|||| |Deferred income at 1 January 2024||**76,709**|_32,930_| |Resources deferred during the year||**94,125**|_76,709_| |Amounts released|from previous years|**(76,709)**|_(32,930)_| |||**94,125**|_76,709_| KESGRAVE WAR MEMORIAL COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Statement of funds Statement of funds - current year Balance at 31 Gainsl December (Lossesl 2024 Balance at 1 January 2024 Income Expenditure Unrestricted funds General Funds - 811 funds 3,936,051 558,296 {696,5571 92,914 3,890,704 Restrictgd funds East Suffolk community partnerships Time together Tuesday Grant East Suffolk Council - Band Stand East Suffolk Council - Bins East Suffolk Council - Goal Posts 4,796 583 6,167 406 15,6331 4011 5,330 588 2.100 2.000 12.1001 11.9901 10 11,3461 5.379 12.019 111.4701 5.928 Total of funds 3.941.430 570.315 {708.0271 92.914 3.896.632 Page 26 KESGRAVE WAR MEMORIAL COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Statement of funds leontinuedl Statement of funds - prior year B818nce 8t 31 December 2023 Ba18n￿ 8t l January 2023 Income Expenditure (Losses) Unrestricted funds General Funds - 811 funds 3,936,305 507,333 {667,507) 165,920 3,936,051 Rgstrictgd funds East Suffolk community partnerships SPARK Grant Time together Tuesday Grant East Suffolk Council Band stand East Suffolk Council - Bins East Suffolk Council Live Music Band Stand 7,960 5,012 7,000 1,250 (8, 176) (1,000) (667) 4,796 583 4,095 2,000 (4,095) (2,000) 2,000 (2,000) East Suffolk Council - Goal Posts 2,018 (2,018) 7,960 17,375 (19,956) 5,379 Total of funds 3,944,265 518,708 (687,463) 165,920 3,941,430 Page 27 ## ## ## ||||||**Balance at**| |---|---|---|---|---|---| ||**Balance at 1**||||**31**| ||**January**|||**Gains /**|**December**| ||**2024**|**Income**|**Expenditure**|**(Losses)**|**2024**| ||**£**|**£**|**£**|**£**|**£**| |General funds|**3,936,051**|**558,296**|**(696,557)**|**92,914**|**3,890,704**| |Restricted funds|**5,379**|**12,019**|**(11,470)**||**5,928**| ||**3,941,430**|**570,315**|**(708,027)**|**92,914**|**3,896,632**| ## ||||||_Balance at_| |---|---|---|---|---|---| ||_Balance at_||||_31_| ||_1 January_|||_Gains_/|_December_| ||_2023_|_Income_|_Expenditure_|_(Losses)_|_2023_| ||_£_|_£_|_£_|_£_|_£_| |General funds|_3,936,305_|_501,333_|_(667,507)_|_165,920_|_3,936,051_| |Restricted funds|_7,960_|_17,375_|_(19,956)_|_-_|_5,379_| ||_3,944,265_|_518,708_|_(687,463)_|_165,920_|_3,941,430_| ||**Unrestricted**|**Restricted**|**Total**| |---|---|---|---| ||**funds**|**funds**|**funds**| ||**2024**|**2024**|**2024**| ||**£**|**£**|**£**| |Tangible fixed assets|1,829,267|-|**1,829,267**| |Fixed asset investments|2,069,567|-|**2,069,567**| |Current assets|135,758|5,928|**141,686**| |Creditors due within one year|(143,888)|**-**|**(143,888)**| |**Total**|3,890,704|5,928|**3,896,632**| ## **KESGRAVE WAR MEMORIAL COMMUNITY CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** |**19.**
**Analysis of net assets between funds (continued)**
**Analysis of net assets between funds - prior period**
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2023_
_£_
_1,900,351_
_2,055,463_
_87,984_
_(107,747)_
_3,936,051_|_Restricted_
_funds_
_2023_
_£_
_-_
_-_
_5,379_
_-_
_5,379_|_Total_
_funds_
_2023_
_£_
_1,900,351_
_2,055,463_
_93,363_
_(107,747)_
_3,941,430_| |---|---|---|---| |**20.**
**Reconciliation of net movement in funds to net cash flow from operating activities**
**2024**
**£**
Net expenditure for the period (as per Statement of Financial Activities)
**(44,798)**
**Adjustments for:**
Depreciation charges
**72,117**
Losses on investments
**(92,914)**
Dividends, interests and rents from investments
**(36,886)**
Decrease/(increase) in stocks
**1,631**
Increase in debtors
**(58,482)**
Increase in creditors
**21,667**
**Net cash used in operating activities**
**(137,665)**
**21.**
**Analysis of cash and cash equivalents**
**2024**
**£**
Cash in hand
**21,506**
**Total cash and cash equivalents**
**21,506**|_2023_
_£_
_(2,835)_
_74,763_
_(165,920)_
_(36,350)_
_(1,463)_
_(36,153)_
_38,643_
_(129,315)_
_2023_
_£_
_30,034_
_30,034_| |---|---| Page 29 ## ## ||**At 1**||**At 31**| |---|---|---|---| ||**January**||**December**| ||**2024**|**Cash flows**|**2024**| ||**£**|**£**|**£**| |Cash at bank and in hand|**30,034**|**(8,528)**|**21,506**| ||**30,034**|**(8,528)**|**21,506**| ##