2025-09-30-accounts

Ch3rity registration number.. L196037 THE NEW BURY COMMUNITY ASSOCIATION TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

The New Bury Communlty Assoclatlon Contents P•ge Reference and Adrninistrative Details Trustees, Report Independent Examiner's Report Statement of Financi31 Activities Comparative Statement of Financial Activities Statement of Financial Position Note5 to the Financial Statements 8-13 The following pages do not form part of the statutory accounts.. Detailed Statement of Financial Activities 14-L5

The New Bury Communlty Assoclatlon Reference and Administrative Details For The Year Ended 30 September 2025 Trustees Yvonne Galloway Bsc Msc - Chair Thomas Murray - Trustee Debbie Carthy Trustee Charity Number 1196037 Prin¢ipal Addres$ The New Bury Community Cent I Charles Place Bury St Edmunds Suffolk IP32 6TD Independent Examiner Gascoynes Gascoyne House Moseleys Farm Business Centre Fornham All Saints, Bury St Edmunds Suffolk IP28 6HY Page I

The New Bury Communlty Assoclatlon Trustees. Report For The Year Ended 30 September 2025 The trustees present their report and the financial Statements for the year ended 30 September 2025. Obje¢tive$ and Activities Public Beneflt To promote In the area of benefit wlthout dlstinction of sex or of political,rellglous or other oplnlons by assoclatlon with the local authorities,voluntary organisations and inhabitants in a common effort to 3dvance educ3tion 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 artivities the charity should undertake. The trustees confirm that they have cotnplied with the requi￿rnents of Section 17 of the Charitie5 Act 2011 to have due regard to the Charity Commission's guidance on public benefit. Fin4ncial Review Flnanclal Po$ltlon Income & Expenditure The Charity is primarily funded through the letting of moms within the community centre to local residents and organisations. During the year to 30 September 2025 the Charity received income fmm this source of £122K12024= £ L32KI. Total expenditure for the year amounted to £IIIK 12024.. £104KI. The Charity's year-end Balance Sheet comprises.. restricted funds £472K 12024.. £470KI. unrestritted Funds £134K 12024.. £98KI. An analysis of restricted funds by project Is presented in Note 15 to the Financial Statements Reserves Pollcv 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 15 given to way5 in which additional fund5 tnay be raised. The Tru5tee5 have maintained a reserve of unrestrirted funds sufficient for 3 ￿OnthS expenditure based on £15,000 per rnonth. structure Governance and Management Structurei governance and management The charity's governance structure comprlses of its three trustees who hold responslblllty for the day to day overslght 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.. Yvonne Galloway Bsc Msc Thomas Murray Debtiie Carthy The company's current policy concerning the paywent 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 WCLA IDUI. 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. Page 2

The New Bury Communlty Assoclatlon Trustees. Report (continued} For The Year Ended 30 September 2025 The trustees, report was approved by the board of trustees and Signed on its behalf by.. Yvonne Gallow- q 6. 2026 13-.57 03 GMT+11 Yvonne Galloway Bsc MSC Trustee 05/0812026 Page 3

The New Bury Communlty Assoclatlon Independent Examiner's Report to the Trustees of The New Bury Community Association For The Year Ended 30 September 2025 We report to the trustees on our exatnination of the account5 of The New Bury Cotnmunity Association (the Charity) for the year ended 30 September 2025. Responslbllltles and Basls of Report As the Charity trustees you are responsible for the preparation or the accounts In accordance wlth the reouirements of the Charities Act 2011 I-the Art-l. We report In respect of our examination of the Charity's accounts Carried out under section 145 of the 2011 Act and in carrying out our examination. we have followed the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent Examiner's Statement We have cotnpleted our examination. We confirm that no rnaterial rnatters have corne to our attention in connection with the examination giving u5 Cause to believe that in any material respect.. l. accounting records were not kept in respect of the Trust as ￿quIred by section 130 of the Act., or 2. the accounts do not a¢cord with those ￿cords. or 3. the accounts do not comply with the applicable requirements concernlng the form and contents of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirernent that the accounts give a 'true and fair view. which is not a rnatter considered as part of an independent examination. We have no concerns and have come acmss no other matters in connection with the examination to which attention should be dftwn in this report in order to enable a proper understanding of the accounts to be reached. Ga5coyne5 0510812026 Gascoyne House Moseleys Farm Business Centre Fornham All Saint5, Bury St Edmund5 Suffolk IP28 6HY Page 4

The New Bury Communlty Assoclatlon Statement of Financial Activities For The Year Ended 30 September 2025 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Investments 3.990 3.990 22,448 122,485 1.500 21,513 131,656 22,448 122,485 Other 144,933 3,990 148,923 154,669 EXPENDITURE ON: Ch3ritable activities.. Charitable activities 1109,4131 11,0901 1110,5031 1104,4421 NET INCOME 35,520 2,900 38,420 50,227 Gain5 on revaluation of fixed a55etg 457,740 NET MOVEMENT IN FUNDS 35,520 2,900 38,420 507,967 RECONCILIATION OF FUNDS: Total funds brought forward 98,237 469,592 567,829 59,862 TOTAL FUNDS CARRIED FORWARD 15 133,757 472,492 606,249 567,829 The notes on pages 8 to 13 form part of these financial statements. Page 5

The New Bury Communlty Assoclatlon Comparative Statement of Financial Activities For The Year Ended 30 September 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Investments 1.500 1.500 21,513 131,656 21,513 131,656 Other 153,169 1,500 154,669 EXPENDITURE ON: Ch3ritable activities.. Charitable activities 1101,3511 13,0911 1104,4421 NET INCOME 51,818 11,5911 50,227 Gain5 on revaluation of fixed a55etg 457,740 457,740 NET MOVEMENT IN FUNDS 51,818 456,149 507,967 RECONCILIATION OF FUNDS: Total funds brought forward 46,419 13,443 59,862 TOTAL FUNDS CARRIED FORWARD 15 98,237 469,592 567,829 The notes on pages 8 to 13 form part of these financial statements. Page 6

The New Bury Communlty Assoclatlon Statement of Financial Position As At 30 September 2025 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes FIXED ASSETS Investment Properties io 2,260 457.740 460,000 460.000 2,260 457.740 460,000 460.000 CURRENT ASSETS Debtors li 1,243 137,762 1,243 152,514 1,345 119.076 Cash at bank and in hand 14.752 L39,005 14,752 153,757 120,421 Credltors: Amounts Falllng Due Wlthln One Year 12 17,5071 {7,5071 112,5911 NET CURRENT ASSETS (LIABILITIES) 131,498 14,752 146,250 107,830 TOTAL ASSETS LESS CURRENT LIABILITIES L33,758 472,492 606,250 567,830 NET ASSETS 133,758 472,492 606,250 567,830 FUNDS OF THE CHARITY Restricted Funds.. Restrlcted Funds Revaluation Reserve 14,752 457,740 11,852 457,740 472,492 469,592 Unrestricted Funds 133,757 98,237 TOTAL FUNDS 15 606,249 567.829 On behalf of the t)oard Yvonne Cd loi" 6. 1026 13 JT.-03 GMT*11 Yvonne Galloway BSC MSC Trustee 0510812026 The notes on pages 8 to 13 form part of these rtnancial ststements. Page 7

The New Bury Communlty Assoclatlon Notes to the Financial Statements For The Year Ended 30 September 2025 l. General Information The New Bury coM￿unitY As50ClatlOn 15 a charitable incorporated organisation registered with the Charity Commi55i0n, registered charity number 1196037. The principal address is The New Bury Community Centre, I Charles Place, Bury St Edmunds, Surrolk, IP32 6TD. A¢¢ountlng Poll¢le$ 2. 1. Basis of Preparation of Financial Statements The financial sratements have been prepared in accordance with the Charities SORP IFRS 1021 "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 IFRS L021 (effective I January 20191. Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charitie5 Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. 2.2. Going Concern Disclosure The trustees have not identified any material uncertainties related to events or conditions that may cast significant dtsubt about the charity's ability to continue as a going concern. 2.3. Incoming Resources Income is recognised when the Charity is legally entitled to it after any performance conditions have been ￿et, the amounts can be measured reliablyj and it is probable that income will be received. Cash donations are recognised on receipt. Other donation5 are recognised once the charity ha5 been notified of the donarion, unless performance conditlons require leferral of the amount. Income tax recoverable In relatlon to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies a￿ ￿cOgnised on ￿CeIpt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is experted. If the amount is not known, the legacy is treated as a contingent asset. 2.4. Resources Expended Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is pmbable that a transfer of econornic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure 15 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 cost5 attributable to a single activity are allocated dlrecriy to that actlvity. Shared costs whlch contribute to more than one activity and support costs which are not attrlbutable to a single activlty are apportloned between those activities on a basls tonsistent with the use of resources. Centr81 sraff costs are allocaied on the basis of time spent, and depreclation charges are allocated on the portion of the asset's use. 2.5. Investment Properties All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate. adjusted if necessary for any difference in the nature, location or condition of the Specific a55et. No depreciation 15 pmvided for. Changes in fair value are recognised in the Statement of financial activitie5. 2.6. Cash and C•$h Equivalent$ Cash and cash equivalent5 are basic financial assets and include cash in hand and dep051ts held at call with banks, other short-term highly liquid Investments that mature in no more than three months from the date of acqulsltlon and are readily convertible to a known amount of cash with Insignificant risk of change In v31ue, and bank overdrafts. Page 8

The New Bury Communlty Assoclatlon Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 2.7. Financial Instruments The charity ha5 elected to apply the provisions of Section 11 'Ba5ic Financial Instruments, and Section 12 '0ther 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 afft Offset, with the net amounts pfftsented 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 flnancial assets Basic financial a55ets. which include debtor5 and cash and bank balance5. are initially rneasured at transaction price including transaction Costs and are subsequently carried at amortised c05t using the effective interest ￿ethOd unless the arongement constitutes a financing tftn5aCtion, where the transaction is rnea5ured at the present value of the future recelprs discounted at a market rate of Interest. Flnancial assets classlfied as recelvable wlthln one year are not amortised. Baslc flnanclal Ilabllltles 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 pay￿entS discounted a market rate of interest. Financial liabilitie5 classified as payable within one year are not amortised. Debt instrutnent5 are 5ub5equently carried at arnort15ed cost, Using the effective interest ￿te rnethod. 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 p3yment 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 easured at amort15ed cost using the effective interest rnethod. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligation5 expire or are discharged or cancelled. 2.8. Taxation The Charity is exempt from tax on incotne 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. 2.9. Employee Benefits The costs of short-temi employee benefits are recognised as a liability and an expense. unless those costs are required to be ￿COgniSed as part of the cost of stock of fixed assets. 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 terminare the employment of an employee or to provide termination benefits. 2. 10. Pensions The charlty operaies a defined pension contrlbutlon scheme. Contrlbutions are charged to the Statement of Financial Activitles as they become payable In accordance with the rules of the scheme. Income from Donatlons and Legacles 2025 2024 Restricted Restricted funds funds Grants 3,990 1,500 Investment Income Page 9

The New Bury Communlty Assoclatlon Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 2025 2024 Unrestrlcted Unrestrlcted funds funds Rents received from investment properties 22,448 21,513 5. Other Income 2025 2024 Unrestrlcted Unrestricted funds funds Rental and other income from property 122,485 131,656 6. Analysis of Expenditure 2025 Actlvltles undertaken directlv Support costs (see note 71 Total Charitable activitles 2,528 107,975 110,503 2024 Actlvltles undertaken dirertly Support costs (see note 71 Total Charitable activitles 4,296 100,146 104,442 7. Support Co$t$ 2025 Charitable activities Employee costs Prernises expenses General administ￿tIOn Interest payable Governance costs 23,941 58,960 23,040 io 2,024 107,975 Page 10

The New Bury Communlty Assoclatlon Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 2024 Charltable actl¥ltles Ernployee costs Premises expenses General administ￿tIOn 20,282 65,400 12,044 2,420 Governance costs 100,146 8. Staff Costs Staff costs were as follows.. 2025 2024 Wages and salaries Social security costs Other pension costs 23,344 148 18,928 677 449 677 23,941 20,282 No employees ￿ceiVed ernployee benefits (excluding employer pension costs) for the reporting period of rn0￿ than £60,000. 9. Average Number of Employees Average number of ernployees during the year was.. L 12024.. 11 10. Investment Property 2025 Falr Value As at l October 2024 and 30 September 2025 460,000 11. Debtors 2025 2024 Due within one year Other debtors 1,243 1.345 12. Creditors: Amounts Falling Due Within One Year 2025 2024 Other creditors 2,061 5,446 2.029 10,562 Accruals and deferred income 7,507 12,591 Page 11

The New Bury Communlty Assoclatlon Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 13. Deferred Income Deferred income movements in the year were as follows.. 2025 2024 Balance at the start of the period Income deferred in the c￿￿￿nt period Atnounts released in incorne from previous periods 6,500 6,500 13,8001 Balance at the end of the period 2.700 6.500 14. Penslon Commltments The charity operates a defined contribution pension scheme. The assets of the scherne are held separately from those of the charity in an independently adtninistered fund. During the year the charge to the statement of financial activitie5 in ￿spect of defined contribution scheme5 was £449 12024- £6771. At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors. 15. Movement in Funds A$•ti Oetober 2024 A$at30 September 2025 Income Expenditure Unrestricted funds General.. General unrestricted fund Restrl¢ted fund$ 98,237 144,933 1109,4131 133,757 Kitchen Grant 175 175 Locality Grant Open Day Grant Restart Grant 1,372 523 3,000 11501 4,222 523 I,OBO 786 L,080 786 Summer Activity Grant Christmas Grant iii 990 14001 15401 701 Winter Response Grant Coronation Grant 1,776 709 1,236 709 Startup C05t5 Property Revaluation 5,320 457,740 5,320 457,740 Total restricted funds 469,592 3,990 (1,0901 472,492 Totsl funds 567,829 148,923 1110,5031 606.249 Page 12

The New Bury Communlty Assoclatlon Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 As•ti October 2023 Asat30 September 2024 Gains and losses Income Expenditure Unrestricted funds General.. Gener31 unrestricted fund 46,419 153,169 1101,3511 98,237 Restricted funds Kitchen Grant 318 11431 13001 175 Locality Grant Open Day Grant Restart Grant 1,172 523 12021 786 500 1,372 523 1,080 786 1,282 Summer Activity Grant Christrnas Grant 66 45 ILI Winter Response Grant Coronation Grant startup Costs Property Revaluation 776 1,000 L,776 709 5,320 457,740 709 9,295 13,9751 457,740 Totsl restricted funds 13,443 1,500 13,0911 457,740 469,592 Total funds 59,862 154,669 11(H.4421 457.740 567.829 16. Transactlons wlth Trustees The following trustees have been paid omuneration or have received other benefits from the charity or related entity.. Name of trustee Legal authority Remuneration 2025 Total Debble Carthy Other legal uthority 23,492 23,492 None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the prevlous year. During the year no trustees were reimbursed any expenses. 2025 2024 During the reporting period, Debbie Carthyi one of the Charity's trustees invoiced for cleaning services amounting to £13,221 12024 - £13,221). All Services were transacted at an arm5-length value. 17. Related Party Di$¢losure$ During the year the￿ were no related party transactions. Page 13

The New Bury Communlty Assoclatlon Detailed Statement of Financial Activities For The Year Ended 30 September 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies Government Grants 3,990 1.500 3,990 L,500 Investments Rental income from investment property 22,448 21,513 22,448 21,513 Other Room hire 122,485 131,656 122,485 131,656 148,923 154,669 EXPENDITURE ON: Charltable Actlvltles: Charltable actlvltles Kitchen grant expenses Restart Grant Expenses startup grant expenses Christma5 grant expenses Locality grant expenses Winter response grant expenses Community event expenditure Wages and salaries Support social seturlty costs Employers penslons - deflned contrlbutions scheme Property management and service charyes Light and heat Water rates 11431 1,282 13,9751 45 13001 14001 11501 15401 11,4381 123,3441 11481 14491 11991 126.8971 12,2271 116,5751 16,0991 16,9631 115,8241 11,8361 13,9091 15911 18801 iioi 12,0241 11,2051 118.9281 16771 16771 11,1941 135.8061 13,5021 116.5961 12.2071 16,0951 15,9051 12,1061 12,3911 15821 11.0601 Cleaning Bins Premlses Insurance Repai￿, renewals and maintenance Telecommunic3tions Profe5si0nal fees Subscriptions Sundry expenses Other interest payable Accountancy fees 12,4201 1110.5031 1104,4421 1110,5031 1104,4421 .CONTINUED Page 14

The New Bury Communlty Assoclatlon Detailed Statement of Financial Activities (continued) For The Year Ended 30 September 2025 NET INCOME 38,420 50,227 Page 15

The New Bury Community Association - Accounts YE 30 September 2025

Final Audit Report

2026-08-06

Created: 2026-08-06 By: Gascoynes Accounts ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAQPnRD3-uvxCKpf3TGlNvpN8JJyQKQXIH

"The New Bury Community Association - Accounts YE 30 Septe mber 2025" History

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