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2025-08-01-accounts

Trustees’ Annual Report for the period

From 01/08/2024 Period start date To 31/07/2025 Period end date

Charity name: Southbrook Community Centre

Charity registration number: 1200090

Objectives and Activities
SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 We bring people in Southbrook together to
create opportunities for learning, leisure, and
community — so everyone can enjoy a
better,fairer life
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 Hire of the centre to community
groups/private hire individuals. Our main hire
is to Food for Thought Daventry (1184601)
for the provision of a Community Larder for
which we work in partnership. Operation of a
Youth Club, provision of seasonal
events/shows and working closely with local
organisations/authorities to better the area.
Weekly Stay & Play for children under 5 and
theirparents
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public benefit		 Para 1.18 The charity and its trustees carry out its
activities and objectives within the guidance
issued by the Charity Commission on public
benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference


Policy on grant making

Para 1.38		 Not applicable – the charity does not make
grants


Policy on social investment
including program related
investment

Para 1.38		 Not applicable – the charity does not carry
out social investments


Contribution made by
volunteers

Para 1.38		 All the charities work is carried out by
volunteers including trustees. The charity
works hard to attract, motivate and enable
its volunteers to provide the best results of
our activities and objectives. The charity has
volunteers that work ad-hoc just a couple of
times a year to those who contribute over
16hrs per month. The Charity had a core
number of 21 volunteers during this
reporting year.

Other

 None

Achievements and Performance
SORP reference



Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.




Para 1.20		 Through our continued support and
partnership working with the Daventry
Community Food Larder we have been able
to give the local community access to
cheaper and healthier food with the aim of
reducing food poverty. We would judge this
as a success based on the growing numbers
accessing this service with over 600
members registered.
Continued the provision of the Youth Club in
partnership with Daventry Town Council and
Youth Inspired we support on average of
over 30 young people a week to gain access
to a safe space where they learn new skills
and grow in confidence. A separate holiday
club was run during school holidays to
ensure access to the service was
maintained and enrich young people’s
experiences.
Our seasonal events/shows we have
reduced social isolation and creating a better
community cohesion. The charity clearly
sees a need for such events/shows with an
average attendance of approx. 80 persons.
The charity also attends and hosts local
steering groups and other such meetings
with a view to better the community
Launched weekly Stay & Play session for
parents and their children under 5 to attend.
This benefits the communityby promoting

community inclusion, integrating children with others, promoting play and active learning. This also offers free fruit for the children to promote a healthy lifestyle. Visits by external organisations offering support and guidance to parents and also signposting where needed.

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The charity’s fnancial performance improved
signifcantly during the year ended 31 July 2025.
Total income increased to £21,881, compared
with £14,214 in the previous year, representng
an increase of approximately 54%. Income from
charitable actvites increased from £10,182 to
£15,216, with centre hire being a partcularly
important contributor to the improvement in
unrestricted income. Centre hire income
increased signifcantly during the year. The
March 2025 income fgure includes an annual
upfront payment from Daventry Community
Larder, a long-standing partner, covering 12
months of centre hire. The concentraton of
income in that month therefore refects the
tming of a recurring annual arrangement rather
than an exceptonal one-of booking. Total
expenditure was £18,958, compared with
£17,469 in 2023/24. As income increased at a
substantally greater rate than expenditure, the
charity recorded a net surplus of £2,923,
compared with a defcit of £3,254 in the
previous year. The improvement was partcularly
evident within unrestricted actvites. The
unrestricted General Fund generated a surplus
of £3,030 during 2024/25 compared with a
defcit of £4,309 in 2023/24. Unrestricted funds
therefore increased from £4,434 to £7,465 at 31
July2025. Restricted income amounted to

£4,399 and restricted expenditure amounted to £4,507. Restricted funds therefore reduced by £108 during the year to £947, representing balances that remain available solely for the purposes for which those funds were provided. Energy costs and historic electricity liability Electricity continued to represent a significant element of the Centre’s operating expenditure during the year. The trustees note, however, that electricity expenditure reported in both 2023/24 and 2024/25 included payments relating to historic electricity charges originating in 2022/23 and therefore does not represent solely the cost of electricity consumed during those financial years. During FY24/25, approximately £1,880 of General Fund electricity expenditure related to settlement of the historic FY22/23 electricity liability. The FY22/23 electricity liability was fully settled during FY24/25. Its repayment had placed additional pressure on the charity’s cash resources across both 2023/24 and 2024/25. The trustees regard the completion of these payments as an important improvement in the charity’s underlying financial position and future cash flow. Financial position and liquidity The charity’s liquidity strengthened considerably during the year. Cash held at 31 July 2025 amounted to £7,771, compared with £4,004 at the previous year end. The charity had no recorded creditors, deferred income or longterm borrowing at 31 July 2025. Total net assets at year end were £8,412, comprising unrestricted funds of £7,465 and restricted funds of £947. The trustees consider the improvement in cash resources, the rebuilding of unrestricted funds and the restoration of a positive unrestricted annual result to represent encouraging progress towards strengthening the charity’s longer-term financial sustainability. Financial sustainability and risk management The trustees recognise that the operation of a community centre creates continuing exposure to utility costs, repairs, maintenance and other premises-related expenditure. Accordingly, the charity’s financial position will continue to be monitored closely, with particular attention given to maintaining and diversifying sustainable unrestricted income, retaining key centre-hire relationships, controlling operating expenditure and maintaining an appropriate level of reserves. The trustees will also continue to monitor the

tming of signifcant annual receipts, including
advance hire payments, so that management
informaton and cash-fow projectons accurately
refect the underlying recurring nature of the
charity’s income. Overall assessment FY24/25
can reasonably be described as a year of
fnancial recovery and strengthening. The charity
returned to surplus, rebuilt unrestricted funds,
almost doubled its cash balance, increased
centre-hire income substantally and fully
discharged the historic FY22/23 electricity
liability. The improved unrestricted result is
partcularly encouraging because it
demonstrates stronger underlying operatonal
performance rather than simply an increase in
restricted funding. The positon at 31 July 2025 is
therefore materially stronger than at the
previous year end. The priority for trustees
should now be to preserve that progress by
maintaining sustainable hire and other
unrestricted income, building an appropriate
level of free reserves and contnuing close
oversight of energy, maintenance and premises
costs
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Reserves are held for the purpose of
enabling repairs to the building (as and
when needed) due to the self-repairing
lease. Reserves may also be used to cover
any short fall in income that the charity may
experience.
Amount of reserves held Para 1.22 £3,000
Reasons for holding zero
reserves		 Para 1.22 n/a
Details of fund materially in
deficit		 Para 1.24 n/a
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 n/a

Additional information (optional)

You may choose to include further statements where relevant about:



The
charity’s
principal
sources of funds (including
any fundraising)



Para 1.47		 -
Private Centre Hire Income
-
Grants (Local Government)
-
Commission (Laundry Unit)


Investment policy and
objectives including any
social investment policy
adopted



Para 1.46		 Not applicable


A description of the principal
risks facing the charity


Para 1.46		 Uncertainty around increased costs due to
recent world-wide events.
An aging building/infrastructure with potental
for increased maintenance.

Other

Structure, Governance and Management
Description of charity’s trusts:
Type of governing document
(trust deed,royal charter)		 Para 1.25 Constitution
How is the charity
constituted?(e.g
unincorporated
association,CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled to
appoint one or more trustees		 Para 1.25 Trustees are selected by panel put together
by the Chair which could include existing
trustees and volunteers

Reference and Administrative details
Charityname Southbrook CommunityCentre
Other name the charityuses
Registered charitynumber 1200090
Charity’s principal address Southbrook Community Centre
Hood Road
Daventry
NN11 4JS

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
0

 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
**to appoint trustee(if any) **
Conchobhar
Dietrich		 Chair
Amelia-Jane
Spalding		 Treasurer Until 11/01/2025
Wendy Randall
Gary Shepard Until 11/01/2025
Darren Young Finance Lead From 11/01/2025
Stuart Lauderdale From 11/01/2025


12

14

15

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held
in this capacity
 None
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects
 None
Details of arrangements for
safe custody and segregation
of such assets
from the charity’s own assets

 None

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Conchobhar Dietrich

Position (eg Secretary, Chair, etc)

Chair

Date 11/08/202511/08/2026

Southbrook Community Centre

Reports & Accounts

Financial Year Ending 31/07/2025

Contents

Legal & Administrative Details Trustees Report Statement of Financial Activities Statement of Financial Position Statement of Cash Flows Notes - Accounting Policies Notes - Analysis of Income & Expenditure Notes - Analysis of Net Assets Between Funds Notes - Other

Created using ExpensePlus

Legal & Administrative Details

Charity Name: Southbrook Community Centre Charity Number: 1200090 Charity Address: Southbrook Community Centre Hood Road Daventry NN11 4JS Trustees: Conchobhar Dietrich Wendy Randall Amelia-Jane Splading (Resigned 11/01/2025) Graham (Resigned 11/01/2025) Darren Young (Appointed 11/01/2025) Stuart Lauderdale (Appointed 11/01/2025) Key Management As per Trustee Board Personnel: Name & Address of Lloyds Bank Primary Banker: Independent N/A Examiner: N/A

Trustees Report

Objects of the charity

Mission Statement: To further or benefit the residents of Southbrook and the neighbourhood, without distinction of sex, sexual orientation, race or political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents.

Objectives: • Provide and enable a range of opportunities and activities which respond to the needs of local people and where all are made to feel valued and safe • Be a trusted and valued contributor within our community with other locaI partners. • Keep the building available, accessible and safe for the use of local people and others. • Be financially sustainable and continue to strengthen the management of the Centre via our engaged Trustee Team • Implementation of a Fundraising Plan, which continues to evolve to match our plans • Provide the centre for private hire to help generate valuable income, while providing discounted fees for Southbrook Residents

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

Our core weekly sessions included: • Stay & Play - Mondays - weekly Stay & Play sessions for parent with children under 5 (launched May 2025) • Daventry Community Larder - Wednesdays - in partnership with Food for Thought Daventry, the Larder provides reliable access to a range of food via a point based system where the total take home shop costs far below the market rate. These sessions also promote community engagement and friendship. On set occasions, external organisations provide pop up sessions to provide advice and signposting to Larder members and other visitors. • Community Cafe - Friday's - an accessible, warm space during the winter months with access to a range of affordable made-to-order food and drink. External organisations where also encourage to attend to provide advice and signposting to visitors during these sessions. • Table top sale - periodic - table top sale to enable local residents to sell on unwanted items to encourage re-use and recycling and prevent items going to landfill.

Seasonal Events: • Easter - the Community Centre put on a small easter egg hunt for local residents to attend with small children • Summer - we provided our yearly summer get together with a BBQ, games, music and more with many residents attending • Halloween - a yearly Halloween show, devised and put on by the Community Centre team with an attendance of 80 persons. • Christmas - this year, the Trustee team work with another Northamptonshire company Laugh Out Loud Theatre Company to put on Christmas panto with 90 persons attending

The Community Centre was also hired (in record numbers) by both local residents, local organisations and authorities for a wide range of reasons from science based class sessions to healthy eating sessions to birthday parties.

In planning the activities, the trustees have applied the guidance on public benefit issued by the Charity Commission.

Structure, Governance and Management

The trustees are responsible for setting policy, determining the parameters within which the charity should operate, and making operational decisions. The trustees meet regularly to monitor the activities of the charity. Responsibility of day-to-day operations also sits with the Trustee Team.

New Trustees are recruited and appointment by the existing trustee team, by majority vote, as outlined in our governing document.

Financial Review

The charity’s financial performance improved significantly during the year ended 31 July 2025.

Total income increased to £21,881, compared with £14,214 in the previous year, representing an increase of approximately 54%. Income from charitable activities increased from £10,182 to £15,216, with centre hire being a particularly important contributor to the improvement in unrestricted income.

Centre hire income increased significantly during the year. The March 2025 income figure includes an annual upfront payment from Daventry Community Larder, a long-standing partner, covering 12 months of centre hire. The concentration of income in that month therefore reflects the timing of a recurring annual arrangement rather than an exceptional one-off booking.

Total expenditure was £18,958, compared with £17,469 in 2023/24. As income increased at a substantially greater rate than expenditure, the charity recorded a net surplus of £2,923, compared with a deficit of £3,254 in the previous year.

The improvement was particularly evident within unrestricted activities. The unrestricted General Fund generated a surplus of £3,030 during 2024/25 compared with a deficit of £4,309 in 2023/24. Unrestricted funds therefore increased from £4,434 to £7,465 at 31 July 2025.

Restricted income amounted to £4,399 and restricted expenditure amounted to £4,507. Restricted funds therefore reduced by £108 during the year to £947, representing balances that remain available solely for the purposes for which those funds were provided.

Energy costs and historic electricity liability

Electricity continued to represent a significant element of the Centre’s operating expenditure during the year. The trustees note, however, that electricity expenditure reported in both 2023/24 and 2024/25 included payments relating to historic electricity charges originating in 2022/23 and therefore does not represent solely the cost of electricity consumed during those financial years.

During FY24/25, approximately £1,880 of General Fund electricity expenditure related to settlement of the historic FY22/23 electricity liability.

The FY22/23 electricity liability was fully settled during FY24/25. Its repayment had placed additional pressure on the charity’s cash resources across both 2023/24 and 2024/25. The trustees regard the completion of these payments as an important improvement in the charity’s underlying financial position and future cash flow.

Financial position and liquidity

The charity’s liquidity strengthened considerably during the year. Cash held at 31 July 2025 amounted to £7,771, compared with £4,004 at the previous year end.

The charity had no recorded creditors, deferred income or long-term borrowing at 31 July 2025.

Total net assets at year end were £8,412, comprising unrestricted funds of £7,465 and restricted funds of £947.

The trustees consider the improvement in cash resources, the rebuilding of unrestricted funds and the restoration of a positive unrestricted annual result to represent encouraging progress towards strengthening the charity’s longer-term financial sustainability.

Financial sustainability and risk management

The trustees recognise that the operation of a community centre creates continuing exposure to utility costs, repairs, maintenance and other premises-related expenditure.

Accordingly, the charity’s financial position will continue to be monitored closely, with particular attention given to maintaining and diversifying sustainable unrestricted income, retaining key centre-hire relationships, controlling operating expenditure and maintaining an appropriate level of reserves.

The trustees will also continue to monitor the timing of significant annual receipts, including advance hire payments, so that management information and cash-flow projections accurately reflect the underlying recurring nature of the charity’s income.

Overall assessment

FY24/25 can reasonably be described as a year of financial recovery and strengthening.

The charity returned to surplus, rebuilt unrestricted funds, almost doubled its cash balance, increased centre-hire income substantially and fully discharged the historic FY22/23 electricity liability. The improved unrestricted result is particularly encouraging because it demonstrates stronger underlying operational performance rather than simply an increase in restricted funding.

The position at 31 July 2025 is therefore materially stronger than at the previous year end. The priority for trustees should now be to preserve that progress by maintaining sustainable hire and other unrestricted income, building an appropriate level of free reserves and continuing close oversight of energy, maintenance and premises costs.

N/A

Investments Policy

N/A

Reserves Policy

  1. Purpose This policy ensures Southbrook Community Centre maintains a prudent level of reserves to manage risk, ensure stability, and allow for ongoing operations in the event of unexpected financial downturns or emergencies.

  2. Definitions Reserves: Unrestricted funds readily available to spend, excluding designated funds or fixed assets. Target Level: The target amount of reserves is set at £3,000 or 2 months of operating costs.

  3. Why We Hold Reserves Reserves are held to: Cover unanticipated reductions in income (e.g., failed grant application, unexpected drop in donations). Ensure operational continuity if core funding is delayed. Cover immediate, unexpected costs (e.g., urgent repairs, legal liabilities).

  4. Target Level Calculation The Trustees have reviewed the financial risks and determined that a target reserve level of 2 months of operating expenditure is necessary. This equates to approximately £3,000 based on current budget projections.

  5. Monitoring and Review Monitoring: The Treasurer will report on the level of reserves at each Trustee meeting. Review: This policy will be reviewed by the Board of Trustees annually to ensure it remains relevant to the charity's financial position and risks.

  6. Procedure for Using Reserves If reserves are needed, the Board of Trustees must approve the use of these funds and create a plan for replenishing them to the target level.

Responsibilities of Trustees under charity law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signature

This report was approved by the trustees, and is signed on their behalf by:

----- Start of picture text -----
Name Leto Dietrich
Signature
Date
11/08/2026
----- End of picture text -----

Statement of Financial Activities

Unrestricted Restricted Total Prior Year
Incoming Resources
Donations & Legacies 197 4,399 4,596 4,032
Charitable Activities 17,285 0 17,285 10,182
Investments 0 0 0 0
Trading Activities 0 0 0 0
Other 0 0 0 0
Total incoming resources 17,482 4,399 21,881 14,214
Resources Used
Charitable Activities 14,451 4,507 18,958 17,469
Raising Funds 0 0 0 0
Governance Costs 0 0 0 0
Support 0 0 0 0
Other 0 0 0 0
Total resources used 14,451 4,507 18,958 17,469
Net Incoming / Outgoing Resources (before transfers) 3,030 -108 2,923 -3,254
Fund Transfers In 0 0 0 0
Fund Transfers Out 0 0 0 0
Net Incoming / Outgoing Resources (before gains/losses) 3,030 -108 2,923 -3,254
Investment Gains (or Losses) 0 0 0 0
Net Incoming / Outgoing Resources (before Asset Revaluation) 3,030 -108 2,923 -3,254
Asset Revaluation 0 0 0 0
Net Movement of Funds 3,030 -108 2,923 -3,254
Total Funds Brought Forward 4,434 1,055 5,489 8,744
Total Funds Carried Forward 7,465 947 8,412 5,489
Represented By
General (Unrestricted) 7,465 0 7,465 4,434
Events Fund (Restricted) 0 0 0 1,055
WNC Stay & Play (Restricted) 0 181 181 0
WNC Welcoming Spaces (Restricted) 0 0 0 0
Daventry Town Council - Stay & Play (Restricted) 0 766 766 0

Statement of Financial Position

Unrestricted Restricted Total Prior Year
Current Asset s
Cash 6,824 947 7,771 4,004
Accounts Receivable 0 0 0 0
Prepayments 0 0 0 0
Total Current Assets 6,824 947 7,771 4,004
Non-Current Ass ets
Fixed Assets 641 0 641 1,485
Investments 0 0 0 0
Total Non-Current Assets 641 0 641 1,485
Current Liabiliti es
Accounts Payable 0 0 0 0
Deferred Income 0 0 0 0
Total Current Liabilities 0 0 0 0
Non-Current Liabi lities
Long Term Loan / Mortgage 0.00 0.00 0.00 0
Total Non-Current Liabilities 0 0 0 0
Net Current Assets 6,824 947 7,771 4,004
Total Net Assets (Assets Minus Liabilities) 7,465 947 8,412 5,489
Represented By
General (Unrestricted) 7,465 7,465 4,434
Events Fund (Restricted) 0 0 1,055
WNC Stay & Play (Restricted) 181 181 0
WNC Welcoming Spaces (Restricted) 0 0 0
Daventry Town Council - Stay & Play (Restricted) 766 766 0

Signature

These accounts have been approved by the trustees, and are signed on their behalf by:

Name Signature Date

Statement of Cash Flows

Total Prior Year
Cash Flow from Operating Activities
Net Surplus (defcit) 2,923 -3,254
Adjustments For:
Fixed Asset Depreciation 844 0
_Less_Investment Gains 0 0
Accounts Receivable Decrease 0 0
Prepayments Decrease 0 0
Accounts Payable Increase 0 0
Deferred Income Increase 0 0
_Less_Interest Received 0 0
_Less_Sale of Assets 0 0
_Less_Asset Revaluation 0 0
Loan Interest Paid 0 0
NET Cash Flow from Operating Activities 3,767 -3,254
Cash Flow from Investing Activities
Interest Received 0 0
Sales of Assets 0 0
_Less_Purchase of Assets 0 -900
Return of Investments 0 0
_Less_Money Invested 0 0
NET Cash Flow from Investing Activities 0 -900
Cash Flow from Financing Activities
Loans Received 0 0
_Less_Loan Repayments 0 0
_Less_Loan Interest Paid 0 0
NET Cash Flow from Financing Activities 0 0
Increase (decrease) in Cash 3,767 -4,154
Cash at start of period 4,004 8,159
Cash at end of period 7,771 4,004
Represented By:
General (Unrestricted) 6,824 2,949
Events Fund (Restricted) 0 1,055
WNC Stay & Play (Restricted) 181 0
WNC Welcoming Spaces (Restricted) 0 0
Daventry Town Council - Stay & Play (Restricted) 766 0
TOTAL Represented By 7,771 4,004

Notes - Accounting Policies

Basis of Preparation

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: 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) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out in the accounting policies below.

Going Concern

The Trustees consider Southbrook Community Centre a going concern at the date for approving the accounts. There are no material uncertainties that the charity can continue as a going concern for the next year.

Key Risks & Uncertainties

The charity is exposed to various risks, including operational, financial and reputational risks. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Fund Accounting

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal. Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Incoming Resources

All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.

Investment Income is included in the accounts when receivable

Resources Expended

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognied where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Governance Costs

Governance costs include costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity. Governance costs are shown within ‘Analysis of Expenditure’ note.

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Tangible Fixed Assets

Assets over the value of [amount] are capitalised. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost of an asset, less its estimated residual value, over the expected useful economic life of that asset, as follows:

Freehold property - Not depreciated

Musical and Technical Equipment - 4 years on straight line basis Office and computer equipment - 5 years on straight line basis Furniture, fixtures and fittings - 5 years on straight line basis

depreciation of freehold property would be immaterial and accordingly no provision has been made. The carrying amount of the freehold property is reviewed annually for impairment by the trustees.]

Pensions

The Charity does not have employees and as such does not have any pension liabilities.

Operating Leases

Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.

Taxation

The charity is exempt from tax on its charitable activities.

Judgements and Key Sources of Estimation

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

In preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:

The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.

The constructive obligation for grants payable is based on an assessment of the likely duration of the supported activity. This estimate is re-assessed annually and the obligation is adjusted to reflect current expectations.

Concessionary Loans

N/A

Notes - Analysis of Income & Expenditure

Analysis of Income

Current Year

Unrestricted Restricted Total
Incoming Resources
Donations & Legacies
Donations 96 0 96
Gift Aid 0 0 0
Grants 101 4,399 4,500
Charitable Activities
Charity Sales 15,216 0 15,216
Commission 2,068 0 2,068
Investments
Bank Interest 0 0 0
Trading Activities
Rental Income 0 0 0
Sales 0 0 0
Other
Other Income 0 0 0
Total incoming resources 17,482 4,399 21,881

Prior Year

Unrestricted Restricted Total
Incoming Resources
Donations & Legacies
Donations 710 0 710
Gift Aid 0 0 0
Grants 23 3,300 3,323
Charitable Activities
Charity Sales 10,182 0 10,182
Commission 0 0 0
Investments
Bank Interest 0 0 0
Trading Activities
Rental Income 0 0 0
Sales 0 0 0
Other
Other Income 0 0 0
Total incoming resources 10,914 3,300 14,214

Analysis of Expenditure

Current Year

Unrestricted Restricted Total
Resources Used
Charitable Activities
Activities 727 332 1,059
Admin 0 0 0
Advertising 136 109 245
Bank Charges 7 0 7
Depreciation 0 0 0
Event Costs 274 2,312 2,586
Gifts Given 0 0 0
Operating Costs 1,643 0 1,643
Other Expenditure 211 0 211
Premises 10,937 706 11,643
Staf Costs 516 1,048 1,564
Governance Costs
Governance Costs 0 0 0
Total resources used 14,451 4,507 18,958

Prior Year

Unrestricted Restricted Total
Resources Used
Charitable Activities
Activities 1,261 585 1,846
Admin 0 0 0
Advertising 98 109 207
Bank Charges 22 0 22
Depreciation 0 0 0
Event Costs 0 445 445
Gifts Given 0 0 0
Operating Costs 0 243 243
Other Expenditure 1,238 0 1,238
Premises 12,188 863 13,051
Staf Costs 416 0 416
Governance Costs
Governance Costs 0 0 0
Total resources used 15,224 2,245 17,469

Notes - Analysis of Net Assets Between Funds

Current Year

Unrestricted Restricted Total
Current Assets 6,824 947 7,771
Non-Current Assets 641 0 641
Current Liabilities 0 0 0
Non-Current Liabilities 0 0 0
Total Net Assets (Assets Minus Liabilities) 7,465 947 8,412

Prior Year

Unrestricted Restricted Total
Current Assets 2,949 1,055 4,004
Non-Current Assets 1,485 0 1,485
Current Liabilities 0 0 0
Non-Current Liabilities 0 0 0
Total Net Assets (Assets Minus Liabilities) 4,434 1,055 5,489

Notes - Other

Volunteers

The charity benefits greatly from the voluntary contributions of time and money. Please refer to the trustees' report for further detail about volunteer contributions in the organisation.

Independent Examination Fees

N/A

The Charity does not operate with any employed staff and as such no staff costs are incurred.

Key Management Personnel

The Management Personnel are that of the Trustee Board and as such no cost or liabilities are incurred.

Trustee Remuneration

During the year no trustees received remuneration.

Trustee Expenses

No trustee expenses were incurred by the individual trustee's and thus no reimbursements were made. Where expenses were incurred for a Trustee this was actioned and authorised via the Charity's own account.

Trustee Donations

During the year the total aggregated donations made to the charity by the trustees was £0. (total aggregate donations from prior year were £0)

Tangible Fixed Assets

Computer & Ofce Equipment Fixtures & Fittings Music & T echnical Equipment Total
Cost
Prior to 1st August 2024 321 1,064 100 1,485
Additions in fnancial year 0 0 0 0
Total as at 31st July 2025 321 1,064 100 1,485
Depreciation
Prior to 1st August 2024 0 0 0 0
Additions in fnancial year 161 584 100 844
Total as at 31st July 2025 161 584 100 844
Net Book Value
As at 31st July 2025 161 480 0 641
As at 31st July 2024 321 1,064 100 1,485
Debtors
Accounts Receivable
Description Amount
Gift Aid 0
Trade Debtors 0
Total 0
Prepayments
Description Amount
Prepayments 0
Total 0

Creditors

Accounts Payable

Description Amount
Accruals 0
Finance Lease Liabilities 0
Tax & Social Security 0
Trade Creditors 0
Total 0
Deferred Income
Description Amount
Deferred Income 0
Total 0

Analysis of Charitable Funds

Current Year

Fund Name Opening Balance Income Expenditure Fund Transfers Closing Balance
Unrestricted
General (Unrestricted) 4,434 17,482 14,451 0 7,465
TOTAL 4,434 17,482 14,451 0 7,465
Unrestricted Total 4,434 17,482 14,451 0 7,465
Restricted
Events Fund (Restricted) 1,055 -101 954 0 0
WNC Stay & Play (Restricted) 0 2,000 1,819 0 181
WNC Welcoming Spaces
(Restricted)		 0 1,500 1,500 0 0
Daventry Town Council - Stay &
Play (Restricted)		 0 1,000 234 0 766
TOTAL 1,055 4,399 4,507 0 947
Restricted Total 1,055 4,399 4,507 0 947
TOTAL 5,489 21,881 18,958 0 8,412

Prior Year

Fund Name Opening Balance Income Expenditure Fund Transfers Closing Balance
Unrestricted
General (Unrestricted) 8,744 10,914 15,224 0 4,434
TOTAL 8,744 10,914 15,224 0 4,434
Unrestricted Total 8,744 10,914 15,224 0 4,434
Restricted
Events Fund (Restricted) 0 1,500 445 0 1,055
Welcoming Spaces Fund
(Restricted)		 0 1,800 1,800 0 0
TOTAL 0 3,300 2,245 0 1,055
Restricted Total 0 3,300 2,245 0 1,055
TOTAL 8,744 14,214 17,469 0 5,489

Fund Transfers

There were no Fund Transfers in this financial year.

Fund Descriptions

Fund Name Description
General (Unrestricted)
 Operating Funds
Events Fund (Restricted)
 Events Fund
WNC Stay & Play (Restricted)
 Stay & Play
WNC Welcoming Spaces (Restricted)
 Warm Space
Daventry Town Council - Stay & Play (Restricted)
 Stay & Play Grant

Transactions to Related Parties

There were no transactions related parties during the accounting period.

Prior Period Adjustment

There were no prior year adjustments.

Pensions

N/A

Other (Optional)

N/A