REGISTERED COMPANY NUMBER: 07460998 (England and Walesl REGISTERED CHARITY NUMBER: 1186830 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 Loundsley Green Community Trust Chris Edwards Chartered Accountants Clamarpen 17 Napier Court Gander Lane Barlborough Chesterfield Derbyshire S43 4PZ
Loundsley Green Community Trust Contents of the Financial Ststements for the year ended 31 March 2024 Page Report of the trustees Independent examinerfs report Statement of finan¢ial activities 8alan¢e $heet Notes to the financial ststements 6 to 10 Detailed statement of financial activities
Loundsley Green Community Trust Report of the Trustees lor the year ended 31 March 2024 The Iruslees who ale alsg directots of the chanty for the purposes of the Companies Act 2006, present their report wth the financial statement5 of the charity lor the yeaf ended 31 Maich 2024. The trusteès have adopted the piovisions of Accounting and Reporting by Charities Statement of Recornmended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicale in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191 Achievement and performance During 2023-24 the perfortnance of Loundsley Greet) Community Trust has been Steady. Usage of the Community Centre has continued to grow. especially as other local cent9 have closed. and space in The Green - Enterprise and Training Centre was nearty full by the end of Ihe year. Consequently. the trust made a sfflall trading surplus on the year 1£2.4kl Restricted Igrantl funds were spent on Ihe completion of the new $liding doors in the main hall, and the delivery of another suGcesslul Equipped to Succeed programme. At the end of the year the Trust received further grant funds as a contribution toward the Installation ol audio-vbsual faalities in the main hall whKh will improve enorrnously our ability lo host a wde variety of events. As we enter 2024-25 plans are being deVe)d to introduce new community events at the centre whsch are aimed al increasing the level ol engagement vAth all parts of ou¥ local communtyes and improving the lives of a wide cross-seclion of local people. Financial review Reserves policy The trustee5 are of the opinion that the potential liabilities of the Trust have not changed in Ihe1ast 12 rnonth5, and that the long term targel should continue to be to maintain cvmulalive uncommttted reserves tsf £15,0(x). Structure. governance and management Ggverning document The charity is controlled by Its governing document. a deed of trust, and corhsliiuiès a limited company, limited by guarantee. as defined by Ihe Companies Act 2006. Reference and admtnistratlve detail¥ Registered Company number 07460998 (England and Wales) Registered Charity number 1186830 Registered office Loundsley Green Community Centiè Cuttholme Road Chesterfield Derbyshire S40 4QU Trustees P R Davies Mrs D S Webb Iresigned 1217r231 P Spenr l Birchmore A Holmes Iresigned 25121241 H Borrell Mrs S Hanson MPWebb Indepenilent Examiner Chris Edwards Chartered Accountants Clamarpen 17 N8piei Court Gander Lane Barlborough Chesterfield Derbyshire S43 4PZ Pa9e 1
Loundsley Green Community Trust Report of the Trustees for the year Èniled 31 March 2024 Appro order of the board oltrustees on 30 May 2024 and signed on its behalf by.. Ofe - Trustee Page 2
Independent Examinerfs Report to the Trustees of Loundsley Green Community Trust Indepèndent examinerfs report to the trustees of Loundsley Green Community Trust I'the Company'l I report to the charity Irustees on my examination of the account5 of the Company fof lh8 year ended 31 March 2024. R•sponsibilitie5 and basis of report As the charity s trustees of the Company18nd also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with Ihe requirements of the Companies Act 2006 Ilhè 2006 Acl'l. Having sat15fied myself Ihal the accounis of the Company are not reqUId to be audrted under Part 16 of the 2006 Aci and are eligible lor independent examination. I ieptsrt in respect of my examination of your charity's accounts as carried out under Section 145 of the Charrties Act 2011 fthe 2011 Act'l. In carrying out my examination I have followed the Direction5 given by the Charity Commission under Section 14515} {bl of the 2011 Act. Independènt examinerfs statement I have completed my examination. I confirrn that no malters have come lo my attention in connection with the examination giving me cause lo believe.. a¢¢ounting records were not kept in respect of the Company as required by Seclion 386 of the 20(6 Acl." or the accounts do not accord with those records.. or the accounts do not comply the accountin9 requ1mentS ol Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a malter considered as part ol an independent examination". or the accounts have not been prepared in accord8nGe wth the methods and principles of the Statement of Recommended Piactice for accounting and reporting by charities (applicable to charities preparing their accounts In accordance with the Financial Rewjrting Standaid applicable in the UK and Republic ol Ireland IFRS 10211. I have no concerns and have come across no other matters in nnectIOn wtth Ihe examination to which attention should be drawn in this report in older to enable a proper understanding ol the accounts to be reached. Chris Edwards Chartered Accountants Chris Eitsards Chartered Accountants Clamarpen 17 Napie¥ Court Gander Lane Badborough Chestetfield Derbyshire S43 4PZ 30 May 2024 Page 3
Loundsley Green Community Trust statement of Financial Activities for the year ended 31 March 2024 2024 Total funds 2023 Total funds Unrestitted lund Restricted fund Notes Income and endowrnents from Donations and legacies 12.420 12.420 14,288 Charitable activities General 31.673 31,673 30.024 Othei trading activities Investrnent income Other income 854 21.269 854 21.269 391 15,091 50 Total $3,796 12.420 66.216 Expenditure on Raising funds 1.202 4.426 5.628 15,899 Charitable activities General 50,219 50.219 49.507 Total 51,421 4,426 55.847 65,406 NET INCOMEIIEXPENDITUREI 2,375 7,994 10.369 15.5621 Reconciliation of funds Total funds brought forward 40.276 2,319 42,595 48,157 Totsl fLbnds carried foNrfard 42.651 10.313 52,964 42.595 The notes fonn part of Ihese financial slalements Page 4
Loundsley Green Community Trust Balance Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fund Notes Fixed assets Tangible assets 242 242 285 Currènt assets Debtors Cash at bank 1,440 41.394 1,440 51.707 613 42,047 10,313 42.834 10.313 53.147 42.660 Creditors Amoun15 fallirng due wthin onè year 10 142S1 14251 13501 Net current assets 42,409 10.313 52,722 42.310 Total assets less current liabilitles 42.651 10.313 52.964 42,595 NET ASSETS 42,651 10,313 52,964 42,595 Funds Unrestricted funds Restricted funds 11 42.651 10.313 40.276 2,319 Total funds 52.964 42,595 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 Mafch 2024. The members have not required the cofflpany to obtaill an audit of rts financ¢al statements for the year ended 31 March 2024 in accordance wrih Section 476 of the Companies Aci 20(. The ITuslees a¢knO¥edge their responsibilrties for lal ensuring that the chantable company keeps accounting re¢ords that compty wth Section5 386 and 387 of the Companies Act 2006 and preparing financial statemenls which gwe a true and fair wew of the state of affairs of the charitable company as al the end of each financial year and of its surplus or deficit foi each financial year in accordance with the requiiemenls of Sections 394 and 395 and which othetwise comply wth the requirements of the Companie5 Act 2006 relating to financial statements. so far as applirAble to the charitable company. These financial statements have been prepared in accofdance vrith the provisions applicable to charitable companies subject to thè small companies regime. Ibl The financial slalem signed Dn ils b approv by the Board of Trustees and aLrthorised for issue on 30 May 2024 and were avi rustee l Birchrnore- iustee The noles form parl of these finanual stalemeHts Page 5
Loundsley Green Community Trust Notes to the Financial Statements for the year ended 31 March 2024 Accounting poli¢ies Ba$1$ ol preparing the financial statements The financial statements of the charitable company. which is a public benefit entity undef FRS 102, have been prepared In accordance ¥wth the Charities SORP IFRS 1021 'Accounltng and Reportin9 by Charities. Statement of Recotnmended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic gf Ireland IFRS 1021 leffective 1 January 20191,. Financial Reporting Standard 102 Thè Finanaal Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been piepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable thal the income wll be received and the amount can be rneasuied reliabty. Expenditure Liabilities are COgniSed as expendilure as soon as there is a legal or constructive obligation commlttsng the charity to that expenditu, il is probable thal a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is acctsunted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Vvhere costs cannot be directly attributed to p8Cular headings they have been althated to activilies on a basis consistent wilh the use of resources. Tangible fixed assets Oeprecialion is provided at the following annual rates in order to write off each asset over its estimated useful Fixtures and ffttings 15% on reducing balanc£ Taxation The charity is exempt from corporation lax on its charitable actitIes. Fund accountsng Unrestricted funds can be used in accordance wrth the charitable obJectNes at the discrets.on of the trustees. Restricted funds can tsn be used for particular restricted purposes wrthin the objects ol the charity. Restrictions arise when specified by the donor 01 when funds are raised foi particular restricted purposes Further explanation of the nature and purpose of each lund is included in the notes to th8 financial statements. Pension costs and other p05t-retirement benefits The chantable company operates a defined contribution pension scheme. Conthbutions payable to the Charitable company's pension scheme are charged to the Statement of Financial Auiwties in the period to which they relate. Other tradin9 activities 2024 2023 Fundraising 854 391 Page 6 continued...
Loundsley Green Community Trust Notes to the Financial Statements - continued lor the year ended 31 March 2024 Investment incorne 2024 2023 Rents receivèd 21.269 15.091 Raising funds Invèstment management costs 2024 2023 Grant funded projects 4,426 15.899 Net in¢omellexpenditurel Net Incornellexpenditurel is slated after chargin{¢edit1ngl". 2024 2023 Depreciation - own8d assets 43 50 Trust•es' remuneration and b•nefits There were no trustees, rèmuneral*)n or other benefits for the year ended 31 March 2024 nor foi the year ended 31 March 2023. Trustees. expenses There were no 31 March 2023. trustees. expenses pa for the ye81 ended 31 Mafch 2024 nor for the year endèd Comparatives for the ststement of financial activities Unrestricted fund Reslricled fund Total funds Income and endowments from Donations and legacses 12,788 14.288 Charitable activities Genera5 30,024 30,024 Other trading activities Investmerit income Othei 1ncome 391 15.091 50 391 15.091 50 Total 47.056 12.788 59,844 Expenditure on Raising funds 15.899 15,899 Charitable activities General 49.507 49.507 Total 49.507 15.899 65.406 NET INCOMEIIEXPENDITUREI 2.4511 13.1111 15,5621 Reconciliation of funds Total funds brought forwar(J 42,727 5,430 48.157 Pa9è 7 continued...
Loundsley Green Community Trust Notes to the Financial Statements- continued for the year ended 31 March 2024 Comparatives for the statement of financlal activities - continued Unrestllcted fund RestnGted lund Total funds Total funds earrbed forward 40.276 2,319 42,595 Tangible fixed assets Fixtures and fittings Cost At 1 April 2023 and 31 Mar¢h 2024 2,000 Depreciation Al 1 April 2023 Charge for year 1,715 43 At 31 March 2024 1.758 Net book value At 31 March 2024 242 At 31 March 2023 285 D•btors'. amounts falling due within one year 2024 2023 Trade debtors 1,440 613 10. Creditors: amounts falling due within one year 2024 2023 Accru81s and deferred income 425 350 Movement in funds Net mtsvement in fvnds At 3113124 Ai 114r23 Unrestricted fund5 General fLJnd 40.276 2,375 42.651 Restricted funds Restricled funds 2.319 7.994 10.313 TOTAL FUNDS 42.59S 10.369 52.964 Page 8 continued.
Loundsley Green Community Trust Notes to the Financial Statements - continued lor the year ended 31 March 2024 Movement in funds - eontinued Nel movement in tund5. Induded in the above are as follow5.. Incoming resources Resources expended Movement in fvnds Unrestricted fund¥ General fund 53,796 1$1.4211 2,375 Restricted funds Restricted funds 12.420 14,4261 7,994 TOTAL FUNDS 66,216 ISS,8471 10.369 Comparative5 for movement in funds Net rnovement in funds At 3113r23 At 114122 Unrestricted funds General fund 42.727 12,4511 40.276 Restricted funds Restricte¢J funds 5,430 {3.111} 2.319 TOTAL FUNDS 48.157 15.5621 42.595 Compaiative net movement in lunds. included in the above are as follows". Incoming resources Resources expended Movement in funds Unrestricted lunds General fund 47.056 149.5071 12,4511 Restricted fund5 Restricted funds 12.788 115,8991 TOTAL FUNDS 59.844 165,406} 15.5621 A current year 12 monlhs and prioi year 12 months Combined posilion is as follows.. Net movement in fLSnds At 3113124 Al 114r22 Unrestricted funds General fund 42.727 1761 42,651 Restricted funds Restricted funds 5.430 4.883 10.313 TOTAL FUNDS 48,157 4.807 52.964 Page 9 conlinuèd...
Loundsley Green Community Trust Notes to the Financial Statements - continued lor the year ènded 31 March 2024 11. Movement in funds - ¢ontinued A current year 12 months and prior year 12 months combined nei movement in fvnds. included in the above are as follows.. Incoming rèsources Resources expended Movement in funds Unrestricted funds General fund 100.852 1100.9281 1761 Restrictèd funds Restricted funds 25.208 120,3251 4,883 TOTAL FUNDS 126.060 1121.2531 4,807 12. Related party dts¢losure$ There were no related party transactitins for the year ended 31 March 2024_ Page 10
Loundsley Green Community Trust Detailed Statement of Financial Activities for the year endèd 31 March 2024 2024 2023 Income and endowments Donatlons and legacie5 Grants 12,420 14,288 Other tradin9 activities Fundraising 854 391 Investment income Renls received 21,269 15,091 Charltsble activities Room hire 31.673 30.024 Other income Other Income 50 Total in¢ombng resources 66.216 59,844 Expenditure Other trading activities Bad debt5 1,202 Investment man3gern8nt costs Grant funded projects 4,426 15,899 Charitable activities Wages Pensions Rent and rates Insurance Light and heat Telephone Advertising and prornotion 16.512 1,661 15,494 1,221 5,147 1.638 6.183 1.080 702 1,846 8,135 1.602 80 33.880 31.465 Support costs Other Sundry expenses Repairs and renewals Household and cleaning Gardening and careiaking Depreciation 2,569 7,529 3,536 q.921 43 1.629 9.370 4.376 1.747 50 15.598 17.172 Goveman¢e costs Accountancy and bookkèeping 741 870 Total resources expended 55.847 65,406 Net incornellexpenditurel 10,369 15,5621 This page does not form parl of the statutory financial statements Page11