**Charity registration number 1196037** 

## **NEW BURY COMMUNITY ASSOCIATION** 

## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** 

FOR THE YEAR ENDED 30 SEPTEMBER 2024 



## **NEW BURY COMMUNITY ASSOCIATION** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

## **Trustees** 

## **Charity number** 

## **Principal address** 

## **Independent examiner** 

Ms Y Galloway Ms D Carthy Mr T Murray 

1196037 

The New Bury Community Centre 1 Charles Place Bury St Edmunds Suffolk IP32 6TD 

Gascoynes Gascoyne House Moseleys Farm Business Centre Fornham All Saints Suffolk IP28 6JY 

(Appointed 14 August 2024) 




## **NEW BURY COMMUNITY ASSOCIATION** 

## **CONTENTS** 

||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 14|






## **NEW BURY COMMUNITY ASSOCIATION** 

## **TRUSTEES' REPORT** 

## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

The trustees present their annual report and financial statements for the year ended 30 September 2024. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "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). 

## **Objectives and activities** 

To promote in the area of benefit without distinction of sex or of political,religious or other opinions by association with the local authorities,voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants. 

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. 

## **Financial review** 

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has not been maintained throughout the year, due to the charity's infancy. The trustees understand this together with determining that three months expenditure of £15,000 is sufficient to avoid any unforeseen circumstances. 

## **Structure, governance and management** 

The charity's governance structure comprises of its three trustees who hold responsibility for the day to day oversight of the charity, including setting strategic direction and budgets. 

The trustees who served during the year and up to the date of signature of the financial statements were: Ms Y Galloway Ms D Carthy Mr T Murray (Appointed 14 August 2024) 

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU). 

The company's current policy concerning the payment of trade creditors is to: 

- settle the terms of payment with suppliers when agreeing the terms of each transaction; 

- ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and 

- pay in accordance with the company's contractual and other legal obligations. 

The New Bury Community Association is a registered charity, incorporated in England and Wales, registration number 1196037. The registered office is The New Bury Community Centre, 1 Charles Place, Bury St Edmunds, Suffolk, IP32 6TD. 


- 1 - 



## **NEW BURY COMMUNITY ASSOCIATION** 

## **TRUSTEES' REPORT  (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

The Trustees' report was approved by the Board of Trustees. 

## Thomas M. Murray 

Thomas M. Murray (Aug 29, 2025 11:46:20 GMT+1) Ms Y Galloway **Trustee** 

26 August 2025 


- 2 - 



## **NEW BURY COMMUNITY ASSOCIATION** 

## **INDEPENDENT EXAMINER'S REPORT** 

## **TO THE TRUSTEES OF NEW BURY COMMUNITY ASSOCIATION** 

We report to the trustees on our examination of the financial statements of New Bury Community Association (the charity) for the year ended 30 September 2024. 

## **Responsibilities and basis of report** 

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). 

We report in respect of our examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. 

We understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect: 

- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 

- 2 the financial statements do not accord with those records; or 

- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

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 financial statements to be reached. 


## **Gascoynes** 

Gascoyne House Moseleys Farm Business Centre Fornham All Saints Suffolk IP28 6JY 

Dated: 26 August 2025 


- 3 - 



## **NEW BURY COMMUNITY ASSOCIATION** 

## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** 

## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2024**<br>**2024**<br>**Notes**<br>**£**<br>**£**<br>**Income from:**<br>Donations and<br>legacies<br>**3**<br>-<br>1,500<br>Charitable activities<br>**4**<br>131,656<br>-<br>Investments<br>**5**<br>21,513<br>-<br>**Total income**<br>153,169<br>1,500<br>**Expenditure on:**<br>Charitable activities<br>**6**<br>101,351<br>3,091<br>**Net incoming/(outgoing)**<br>**resources**<br>51,818<br>(1,591)<br>**Other recognised gains and losses**<br>Revaluation of<br>tangible fixed assets<br>-<br>-<br>**Net movement in funds**<br>51,818<br>(1,591)<br>Fund balances at 1 October<br>2023<br>46,419<br>471,184<br>**Fund balances at 30**<br>**September 2024**<br>98,237<br>469,593|**Total**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2024**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>**£**<br>1,500<br>18,022<br>4,850<br>131,656<br>123,803<br>-<br>21,513<br>5,862<br>-<br>154,669<br>147,687<br>4,850<br>104,442<br>108,766<br>12,507<br>50,227<br>38,921<br>(7,657)<br>-<br>-<br>457,740<br>50,227<br>38,921<br>450,083<br>517,603<br>7,498<br>21,100<br>567,830<br>46,419<br>471,183|**Total**<br>**2023**<br>**£**<br>22,872<br>123,803<br>5,862|
|---|---|---|
|||152,537|
|||121,273|
|||31,264<br>457,740|
|||489,004<br>28,598|
|||517,602|



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

All income and expenditure derive from continuing activities. 


- 4 - 



## **NEW BURY COMMUNITY ASSOCIATION** 

## **BALANCE SHEET** 

## _**AS AT 30 SEPTEMBER 2024**_ 

|**Notes**<br>**Fixed assets**<br>Investment property<br>**11**<br>**Current assets**<br>Debtors<br>**12**<br>Cash at bank and in hand<br>**Creditors: amounts falling due within**<br>**one year**<br>**13**<br>Net current assets<br>**Total assets less current liabilities**<br>**Income funds**<br>General restricted funds<br>Revaluation reserve<br>**15**<br>Unrestricted funds|**2024**<br>**£**<br>1,345<br>119,077<br>120,422<br>(12,592)<br>11,853<br>457,740|**£**<br>460,000<br>107,830<br>567,830<br>469,593<br>98,237<br>567,830|**2023**<br>**£**<br>779<br>60,474<br>61,253<br>(3,651)<br>13,443<br>457,740|**£**<br>460,000<br>57,602|
|---|---|---|---|---|
|||||517,602|
|||||471,183<br>46,419|
|||||517,602|



The financial statements were approved by the Trustees on 26 August 2025 

## Thomas M. Murray 

Thomas M. Murray (Aug 29, 2025 11:46:20 GMT+1) 

Ms Y Galloway **Trustee** 


- 5 - 



**NEW BURY COMMUNITY ASSOCIATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

## **1 Accounting policies** 

## **Charity information** 

The New Bury Community Association is a charity registered in England and Wales. The registered office is 1 Charles Place, Bury St Edmunds, Suffolk, IP32 6TD. 

## **1.1 Accounting convention** 

The financial statements have been prepared in accordance with the charity's governing document,  the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102. 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. 

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. 

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. 

## **1.2 Going concern** 

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.3 Charitable funds** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 

## **1.4 Income** 

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 


- 6 - 



## **NEW BURY COMMUNITY ASSOCIATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

## **1 Accounting policies** 

## **(Continued)** 

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 

## **1.5 Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. 

## **1.6 Investment property** 

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. 

## **1.7 Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

## **1.8 Financial instruments** 

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

## _**Basic financial assets**_ 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 


- 7 - 



## **NEW BURY COMMUNITY ASSOCIATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

## **1 Accounting policies** 

**(Continued)** 

## _**Basic financial liabilities**_ 

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 

## _**Derecognition of financial liabilities**_ 

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. 

## **1.9 Employee benefits** 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 

## **1.10 Retirement benefits** 

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 

## **2 Critical accounting estimates and judgements** 

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

## **3 Donations and legacies** 

|||**Restricted**|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**funds**||
|||**2024**|**2023**|**2023**|**2023**|
|||**£**|**£**|**£**|**£**|
|Donations and gifts||-|18,022|-|18,022|
|Local authority grants||1,500|-|4,850|4,850|
|||1,500|18,022|4,850|22,872|
||- 8 -|||||





## **NEW BURY COMMUNITY ASSOCIATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

|**4**|**Charitable activities**|||||||
|---|---|---|---|---|---|---|---|
|||||**Sales**||**Sales**||
|||||**2024**||**2023**||
|||||**£**||**£**||
||Room Hire|||131,656||123,803||
|**5**|**Investments**|||||||
||||**Unrestricted**|**Total **|**Unrestricted**|||
||||**funds**|||**funds**||
||||**2024**|**2024**||**2023**||
||||**£**|**£**||**£**||
||Rental income||21,513|21,513||5,862||
|**6**|**Charitable activities**|||||||
|||||**Grant**||**Grant**||
|||||**Expenses**||**Expenses**||
|||||**2024**||**2023**||
|||||**£**||**£**||
||Kitchen Grant Expenses|||143||118||
||Open Day Expenses|||-||170||
||Restart Grant Expenses|||(1,282)||1,382||
||Startup Grant Expenses|||3,975||6,996||
||Christmas Grant Expenses|||(45)||934||
||Winter Response Grant Expenses|||-||824||
||Locality Grant Expenses|||300||828||
||Summer Activities Grant Expenses|||-||714||
||Coronation Grant Expenses|||-||541||
|||||3,091||12,507||
||Share of support costs (see note 7)|||96,540||107,343||
||Share of governance costs (see note 7)|||4,811||1,423||
|||||104,442||121,273||
||**Analysis by fund**|||||||
||Unrestricted funds|||101,351||108,766||
||Restricted funds|||3,091||12,507||
|||||104,442||121,273||
|||- 9 -||||||





## 

||**2023**|**£**|22,829|-|6,884|1,898|4,638|4,412||3,361|42,122|20,621|1,422|579|-|108,766|||108,766|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Governance costs**|**£**|-|-|-|-|1,423|-||-|-|-|-|-|-|1,423|||1,423|
||**2024 Support costs**|**£**<br>**£**|20,282<br>22,829|1,205<br>-|6,095<br>6,884|2,106<br>1,898|9,385<br>3,215|1,194<br>4,412||3,502<br>3,361|35,806<br>42,122|16,596<br>20,621|2,207<br>1,422|582<br>579|2,391<br>-|101,351<br>107,343|||101,351<br>107,343|
||**Governance costs**|**£**|-|-|-|-|2,420|-||-|-|-|-|-|2,391|4,811|||4,811|
||**Support costs**|**£**|20,282|1,205|6,095|2,106|6,965|1,194||3,502|35,806|16,596|2,207|582|-|96,540|||96,540|
|**Support costs**|||Management service costs|Operating lease charges|Insurance|Phone costs|General administration|Investment property expenses||Rent, rates and water|Light and heat|Cleaning|Bins|Licenses/Subscriptions|Legal and professional|||Analysed between|Charitable activities|
|**7**||||||||||||||||||||






## **NEW BURY COMMUNITY ASSOCIATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

## **8 Trustees** 

No trustees were reimbursed. 

## **9 Employees** 

The average monthly number of employees during the year was: 

|The average monthly number of employees during the year was:|||
|---|---|---|
||**2024**|**2023**|
||**Number**|**Number**|
|Total|-|-|
|There were no employees whose annual remuneration was more than £60,000.|||



## **10 Taxation** 

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 

## **11 Investment property** 

|**Fair value**<br>At 1 October 2023<br>Additions through external acquisition<br>Net gains or losses through fair value adjustments<br>At 30 September 2024|**2024**<br>**£**<br>-<br>2,260<br>457,740|
|---|---|
||460,000|



|**12**<br>**Debtors**<br>**Amounts falling due within one year:**<br>Prepayments and accrued income<br>**13**<br>**Creditors: amounts falling due within one year**<br>**Notes**<br>Deferred income<br>**14**<br>Other creditors<br>Accruals and deferred income|**2024**<br>**£**<br>1,345<br>**2024**<br>**£**<br>6,500<br>1,955<br>4,137<br>12,592|**2023**<br>**£**<br>779|
|---|---|---|
|||**2023**<br>**£**<br>-<br>1,796<br>1,855|
|||3,651|




- 11 - 



## **NEW BURY COMMUNITY ASSOCIATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

|**14**<br>**Deferred income**<br>Other deferred income<br>Deferred income is included in the financial statements as follows:<br>Deferred income is included within:<br>Current liabilities|**2024**<br>**£**<br>6,500|**2023**<br>**£**<br>-|
|---|---|---|
||||
||||
||**2024**<br>**£**<br>6,500|**2023**<br>**£**<br>-|




- 12 - 



## 

|**Restricted funds**|The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:|**Movement in funds**<br>**Movement in funds**|**Balance at**<br>**Incoming**<br>**Resources**<br>**Balance at**<br>**Incoming**<br>**Resources**<br>**Balance at**|**1 October**<br>**resources**<br>**expended**<br>**1 October**<br>**resources**<br>**expended**<br>**30 September**|**2022**<br>**2023**<br>**2024**|**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**|Kitchen Grant<br>436<br>-<br>(118)<br>318<br>-<br>(143)<br>175|Locality Grant<br>1,000<br>1,000<br>(828)<br>1,172<br>500<br>(300)<br>1,372|Open Day Grant<br>693<br>-<br>(170)<br>523<br>-<br>-<br>523|Restart Grant<br>1,180<br>-<br>(1,382)<br>(202)<br>-<br>1,282<br>1,080|Startup Costs<br>16,291<br>-<br>(6,996)<br>9,295<br>-<br>(3,975)<br>5,320|Summer Activity Grant<br>1,500<br>-<br>(714)<br>786<br>-<br>-<br>786|Christmas Grant<br>-<br>1,000<br>(934)<br>66<br>-<br>45<br>111|Winter Response Grant<br>-<br>1,600<br>(824)<br>776<br>1,000<br>-<br>1,776|Coronation Grant<br>-<br>1,250<br>(541)<br>709<br>-<br>-<br>709|21,100<br>4,850<br>(12,507)<br>13,443<br>1,500<br>(3,091)<br>11,853|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**15**|||||||||||||||||






## **NEW BURY COMMUNITY ASSOCIATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

|**16**<br>**Analysis of net assets between funds**<br>**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Fund balances at 30<br>September 2024 are<br>represented by:<br>Investment properties<br>2,260<br>457,740<br>Current assets/(liabilities)<br>96,587<br>11,243<br>98,847<br>468,983|**Total Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**2024**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>**£**<br>460,000<br>2,260<br>457,740<br>107,830<br>44,159<br>13,443<br>567,830<br>46,419<br>471,183|**Total**<br>**2023**<br>**£**<br>460,000<br>57,602|
|---|---|---|
|||517,602|



## **17 Related party transactions** 

During the year, Debbie Carthy, Trustee, provided cleaning services to the Centre at a commercial arms-length value. The total of these transactions amounted to £13,321. At the year-end date, there was a balance owing to Debbie Carthy of £nil. 


- 14 - 



Full accounts for the year ended 30 September 2024 - The New Bury Community Association Final Audit Report 2025-08-29 

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"Full accounts for the year ended 30 September 2024 - The New Bury Community Association" History 

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Signer thenewburycommunitycentre@gmail.com entered name at signing as Thomas M. Murray 2025-08-29 - 10:46:18 GMT- IP address: 86.140.234.159 



Document e-signed by Thomas M. Murray (thenewburycommunitycentre@gmail.com) Signature Date: 2025-08-29 - 10:46:20 GMT - Time Source: server- IP address: 86.140.234.159 

Agreement completed. 2025-08-29 - 10:46:20 GMT 

