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 (Accounts@gascoynes.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAQPnRD3-uvxCKpf3TGlNvpN8JJyQKQXIH 

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

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