Charity number: 1200755 ## **GREAT BADDOW MILLENIUM COMMUNITY CENTRE TRUST** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** **GREAT BADDOW MILLENIUM COMMUNITY CENTRE TRUST** **CONTENTS OF THE FINANCIALS STATEMENTS For the Year Ended 31[st] March 2024** ||**Page**| |---|---| |**Report of the trustees**|3, 4 & 5| |**Independent Examiners Report**|| |**Statement of Financial Ac�vi�es**|F1| |**Balance Sheet**|F2| |**Cash Flow Statement**|F3| |**Notes to the Financial Statements**|F4 – F8| **GREAT BADDOW MILLENIUM COMMUNITY CENTRE TRUST** ## **REPORT OF THE TRUSTEES** ## **For the Year Ended 31[st] March 2024** March 2024. The trustees have adopted the provisions of Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019). ## **Legal and Administra�ve Informa�on** **Trustees** Sophie Ashford Dennis Brewer (Treasurer) Lancelot Gooch Henry Groenendyk (Chair) Dennis Harvey Peter Hussey Richard Royce Jennifer Turner Roger Turner Janet Stern Community Associa�on. Although not trustees the local Parish Council are represented at the monthly mee�ngs of the trustees. Elec�on of trustees generally takes place at the AGM with the added op�on of co-op�ng during the year. **Charity number** 1200755 **Registered address** Community Centre Recrea�on Ground Baddow Road Chelmsford CM2 9RL The Great Baddow Millenium Community Centre Trust was registered as a Charitable Incorporated Organisa�on with the Charity Commission for England and Wales on 19[th] October 2022 it only became fully ac�ve on 1[st] April 2024 when the antecedent organisa�on the Great Baddow Community Associa�on transferred its assets to the CIO. It is governed by its ar�cles of associa�on. ## **Charitable Purpose** sex, sexual orienta�on or of poli�cal, religious or other opinions by associa�ng together the said residents and the local authori�es, voluntary and other organisa�ons in a common effort to advance 3 ## **GREAT BADDOW MILLENIUM COMMUNITY CENTRE TRUST** ## **REPORT OF THE TRUSTEES** ## **For the Year Ended 31[st] March 2024** educa�on and to provide facili�es in the interests of social welfare for recrea�on and leisure �me occupa�on with the objec�ve of improving the condi�ons of life for the residents. ## **Achievements** In order to achieve its aims the centre hosts a whole variety of clubs and associa�ons such as Yoga, keep fit, Bridge and Slimming World. With new groups taking up our facili�es on a regular basis. The most recent being the local U3A whose ac�vi�es include history, gardening, and pain�ng and drawing. A musical theatre choir has also recently started, and the organisers of a regular cra� market are now using our facili�es. An increasing number of individuals also hire our rooms for private func�ons such as birthday and wedding celebra�ons. The centre includes a member’s bar and restaurant which is open to the public at lunch �mes during the week. The facility is a perfect mee�ng place in a warm and family friendly environment which offers the added benefit of showing major spor�ng events on TV and hos�ng regular darts and crib compe��ons together with bingo. stands at 802. In order to ensure that the interior of the premises are maintained to the highest possible standards a constant programme of maintenance and enhancements are carried out. This includes such major projects as the completed refurbishment of the Gents toilets with similar plans being made for the ladies washrooms. It is also intended to complete the resurfacing of the Millennium Suite floor. ## **Financial Review** The Trust has enjoyed a successful year consolida�ng an already sound balance sheet with net assets of £116762 including restricted funds of £928 being cash held for future commi�ed disbursement to our charity of the year. Total income for the year was £527,198, with total expenditure of £410,436 resul�ng in a surplus in our first year of £116,762. When reviewing these amounts it should be noted that £106,584 of this income relates to the transfer of assets from the antecedent organisa�on, Great Baddow Community Associa�on. Of this surplus £928 relates to restricted funds, leaving unrestricted reserves of £115,834. Therefore the net surplus a�ributable to the total ac�vi�es of GBMCCT for the twelve months was £9250 excluding the transfer of assets from the Great Baddow Community Associa�on. Details of the changes in the components of the income and expenditure, balance sheet and cash flow are contained in the full set of Financial Statements for the year. 4 GREAT BADI)OW MILLENIUM COMMUNifi CENTRE TRUST REPORT OF THE TRUSTEES For ihe Year Ended 31" March 2024 Grant Making Any regular user of the p￿rniSes can apply lor a grant from GBMccf on a grant application form available from our office. Applicants must be able to demonstrate that they are a not for profi't organisation and that their alms. objectivès and rules are aligned to the charitable objectives ol the GBMCCT Reserves The charity ended the year with £115B34 unrestricted reserves. The Trustees have deliberated at length on the minimum amount that should be held in reserve in order to provide resilience and as a contingency against future events and unforeseen costs. The Trustees al50 have in mind planned expendiiure. not necessarily committed coniraciually but high on an agend3 of desirability- For this yea¥ we consider that 3 sum of £105,000 would be a reasonable Sum to be held as a minimum in reserve. This sum consists of £80,¢)W as a contingency against unforeseen costs and £25,000 for the improvement of our toilet facilities resurfacing of the Millennium Suite floor. The minimum reserve will be reviewed at the end of each financial year. ON BEHALF OF THE BOARD OF TRUSTEES Henry Groene dyk. Chair of the T Date.. CHARITY COMMISSION FOR ENGIAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to th• trustees Great Baddow Millenium Centre Community Trusl On accounts for th8 year endèd 31" March 2024 Charity no (rfany) 1200755 Set out on pages 1-10 I report to the trustees on my examination of the accounts of th8 above charity {"the Trust'l for the y6ar ended 3110312024. Responsibilitles and basls of report As the charivs truslees. you are responsible for the preparation of the accounts in accordan￿ with the requir8ments of the Charities Act 2011 {°the Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5Xb) of the Act. Independent The charity's gross income 8xceeded £250.000 and l am qualified to examinerfs statement undertake the examination by being a qualified member of ACCA. I have completed my examination. I confirm that no material matters hav8 come to my attention in connection with the examination which gives rne cause lo believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the CharTrties Act- or the accounts did not accord with the accounting records: or the accounts did nol Comply with the applicable requirements Con￿rning the form and content of accounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts giv8 a 'true and fair. view which is not a matter considered as part of an independent èxamination. I have no concems and have come across no other matters in connéction with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 2zJI Name: CLAIRE BULLEN Relevant professional qualifi¢ation(s) or body (if any): FCCA IER Oct 2018 Address: 46-54 HIGH STREET INGATESTONE CM49DW Section B Disclosure Only complete ifthe examiner needs to highlight material matters of conom (see CC32, Independent examination of charty accounts: directions and guidance for examiners). Give hero brlef details of any items that the examiner wishes to disclose. IER Oct 2018 GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) ## STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024 |**£**
**Notes**
**INCOME**
Donations & Legacies
3
Income from Charitable Activities
4
Income from Trading Activities
5
Investment Income
6
**Total Income**
**EXPENDITURE**
Expenditure on Charitable Activities
7
Expenditure on Trading Activities
9
Support Costs
10
Governance Costs
10
**Total Expenditure**
**NET SURPLUS (DEFICIT)**
**RECONCILIATION OF FUNDS**
**CARRIED FORWARD FUNDS**|**Unrestricted**
**Fund**
**Restricted**
**Fund**
**Total Funds**
**105,684**
**928**
**106,612**
**91,747**
**-**
**91,747**
**327,776**
**-**
**327,776**
**613**
**-**
**613**| |---|---| ||**525,820**
**928**
**526,748**
**117,103**
**-**
**117,103**
**255,196**
**-**
**255,196**
**37,587**
**-**
**37,587**
**100**
**-**
**100**| ||**409,986**
**-**
**409,986**| ||**115,834**
**928**
**116,762**| ||| ||**115,834**
**928**
**116,762**| F1 GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST lao 12007551 STATEMENT OF FINANCIAL ACTIVITIES (Incorporat￿￿8 an Income av¥d Expend¥ture Accountl for the year ended 31 MaTch 2024 Notes Unrestrirted Restrirted Total Funds FIXED ASSErs 23,193 23,193 Stock Debtors Cash at Bank Cish Floats CURRENT ASSErs 7,776 4,716 124,286 1,260 138,038 7.776 4,716 125,214 1,260 138,966 15 928 928 Trade Creditors Accruals Oiler Creditors Tax Payable CREDITORS DUE WITHIN ONE YEAR 17,2 191 13.9281 118,1411 112,2741 141.5621 7,219 3.928 18,14] 12,274 41,562 16 LONG TERM LIABILITIES 17 13,835) 3,835 NET ASSETS 115,834 928 116,762 The attached notes for part 0% these accounts. The finaricial statements were approved by the Board of Trustees and signed on its behalf by- F2 GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) ## STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024 |**£**
**Note**
**Net cash provided by/ (used in) operating activities**
18
**Cashflows from investing activities**
Bank Interest
**Cash provided by/ (used in) investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**Unrestricted**
**Restricted**
**Total Funds**
**124,934**
**928**
**125,862**
613
-
613| |---|---| ||**613**
**-**
**613**| ||125,547
928
126,475
-
-
-| ||**125,547**
**928**
**126,475**| F3 GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) ## STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024 ## **1. Statutory Information** Great Baddow Millenium Community Centre is a Charitable Incorporated Organisation (CIO). The charity's registered charity number, registered office and the nature of its activities can be found in the Trustees Report. ## **2. Accounting policies** ## **Basis of preparing the financial statements** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts 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) issued on 16 July 2014 and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. These financial statements consolidate, on a line by line basis, the results of the charity and it's wholly-owned subsiduary Great Baddow CA Limited. Transactions and balances between the charity and its subsidiary have been eliminated from the consolidated financial statements. Balances between the charity and the company are disclosed in the notes of the charity's balance sheet. ## **Critical accounting judgements and key sources of estimation uncertainty** No critical accounting judgements have been made in the process of applying the accounting policies below. There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. ## **Going concern** The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. Future forecasts and business plans have been considered in coming to this conclusion. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Donations** For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). ## **Trading activities** Income from trading activities includes income earned from operating a licensed members club including a bar and restaurant from within the premises. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. ## **Charitable Activities** The charity provides facilities for community groups and private hires to meet. Income from grants is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Allocation and apportionment of costs** Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs and governance costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Furniture & Equipment - 20% on cost Building Works - 10% on cost Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. F4 GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) ## STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024 ## **2. Accounting policies - continued** ## **Fund Accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The cost of raising and administering such funds are charged against the specific fund. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Financial Instruments** The charity holds financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments include debtors and creditors ## **Debtors and creditors** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## **Pensions** The charity operates to a defined contribution pension plan on behalf of all qualifying staff to Great Ballow Millemium Community Centre Trusts National Employment Savings Trust pension scheme. Contributions to the plan are recognised in the period in which contributions are due. The assets of the scheme are held separately from those if the charity in an independently administered fund. |**3. Donations & Legacies**
Transfer from antecendent organisation, Great Baddow Community Association
Donations received towards designated Charity of the Year
**4. Income from Charitable Activities**
Hall hire
**5. Income from Trading Activities**
Wet sales
Food Sales
Membership & Signing In Fees
Room hire & event sales
Anxillary income
**6. Investment Income**
Bank interest received
**7. Expenditure on Charitable Activities**
Centre management and administration wages
Rent, rates and utility costs
Cleaning
Depreciation
Maintenance and repairs
Insurance
Charitable donations & Grants
Other|**Unrestricted**
**Fund £**
**105,684**
**-**
**105,684**
**Unrestricted**
**Fund £**
**91,747**
**Unrestricted**
**Fund £**
**236,810**
**58,586**
**13,079**
**2,650**
**16,651**
**327,776**
**Unrestricted**
**Fund £**
**613**
**Unrestricted**
**Fund £**
**53,474**
**20,947**
**14,656**
**10,491**
**8,810**
**3,649**
**2,761**
**2,313**
**117,103**
**Year**
**Year**
**Year**
**Year**
**Year**|**Restricted**
**Funds £**
**450**
**478**
**928**
**Restricted**
**Funds £**
**-**
**Restricted**
**Funds £**
**-**
**-**
**-**
**-**
**-**
**Restricted**
**Funds £**
**-**
**Restricted**
**Funds £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**ending 31 March 2**
**ending 31 March 2**
**ending 31 March 2**
**ending 31 March 2**
**ending 31 March 2**|**Total Funds £**
**106,134**
**478**
**024**| |---|---|---|---| ||||**106,612**| ||||**Total Funds £**
**91,747**
**024**| ||||**Total Funds £**
**236,810**
**58,586**
**13,079**
**2,650**
**16,651**
**024**| ||||**327,776**| ||||**Total Funds £**
**613**
**024**| ||||**Total Funds £**
**53,474**
**20,947**
**14,656**
**10,491**
**8,810**
**3,649**
**2,761**
**2,313**
**024**| ||||**117,103**| F5 GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) ## STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024 |**8. Charitable Donations and Grants Awarded**
Great Baddow Football Club
Great Baddow Cricket Club
Crib club
Charitable donations & Grants
**9. Expenditure on Trading Activities**
Food, drink and consumable purchases
Bar and restaurant wages
Event & entertainment expenses
Cleaning
Equipment rental, renewal, maintenance and repairs
Bank and card processing charges
Till management system
Other|**Unrestricted**
**Fund £**
**1,200**
**1,361**
**200**
**2,761**
**Unrestricted**
**Fund £**
**125,634**
**89,504**
**13,414**
**9,161**
**8,554**
**3,429**
**2,661**
**2,840**
**255,196**
**Year**
**Year**|**Restricted**
**Funds £**
**-**
**-**
**-**
**-**
**Restricted**
**Funds £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**ending 31 March 2**
**ending 31 March 2**|**Total Funds £**
**1,200**
**1,361**
**200**
**024**| |---|---|---|---| ||||**2,761**| ||||**Total Funds £**
**125,634**
**89,504**
**13,414**
**9,161**
**8,554**
**3,429**
**2,661**
**2,840**
**024**| ||||**255,196**| |**10. Support & Governance Costs**
Finance wages
Accountancy, audit and examination fees
Legal and Professional Fees
Telephoney and ICT
Bank charges
Other|**Support office**
**costs £**
**16,157**
**4,800**
**6,113**
**8,753**
**362**
**1,402**
**37,587**
**Year**|**Governance**
**costs £**
**-**
**100**
**-**
**-**
**-**
**-**
**100**
**ending 31 March 2**|**Total £**
**16,157**
**4,900**
**6,113**
**8,753**
**362**
**1,402**
**024**| |---|---|---|---| ||||**37,687**| No expenditure has been incurred in raising funds, as such all Support and Govrnance costs are attributable to the organisations Charitable Activities. |**11. Auditors and Examiner's Remuneration**
Independent examiner's fee|**Unrestricted**
**Fund £**
**600**
**Year**|**Restricted**
**Funds £**
**-**
**ending 31 March 2**|**Total Funds £**
**600**
**024**| |---|---|---|---| ## **12. Trustees' remuneration and benefits** None of the trustees (or any persons connected with them) receieved any remuneration during the year. No Trustee expenses were reimbursed in the year. No Trustee expenses were incurred in the year. F6 GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024 |**13. Staff costs**
Salaries
Social security costs
Pension costs
The average monthly number of employees during the period was as follows:
Charitable Activities
Trading Activities
Support and governance
The average FTE during the period was as follows:
Charitable Activities
Trading Activities
Support and governance|**Year ending 31**
**March 2024**
**153,042**
**4,434**
**1,659**| |---|---| ||**159,135**| ||**Year ending 31**
**March 2024**
**2**
**8**
**1**| ||**11**| ||**Year ending 31**
**March 2024**
**2**
**4**
**1**| ||**7**| Total costs (salary, benefits, social security costs and employers pension contributions) paid to key management personnel was £40,692. No employees had emoluments (emoluments include salaries and taxable benefits, but not employer pension costs) over £60,000. ## **14. Tangible fixed assets** |**Cost**
Transferred on 1 April 2023
Additions
Displosals
At 31 March 2024
**Depreciation and impairment**
Transferred on 1 April 2023
Depreciation charge for year
Depreciation on Disposals
At 31 March 2024
**Net book Value**
Transferred on 1 April 2023
At 31 March 2024
All fixed assets are held by the CIO, Great Baddow Millenium Community Centre.
**15. Debtors: amounts falling due within one year**
Trade Debtors
Prepayments and accrued income
**16. Creditors: amounts falling due within one year**
Trade Creditors
Social security and other taxes
Other Creditors
Accruals|**Furniture &**
**Equipment**
**52,521**
**6,622**
**(4,062)**
**55,081**
**30,671**
**8,716**
**(3,842)**
**35,546**
**21,850**
**19,535**
**The Group**
**At Mar24 £**
**1,462**
**3,255**
**4,716**
**The Group**
**At Mar24 £**
**7,219**
**12,274**
**18,141**
**3,928**
**41,562**
**Group &**
**Year ending 3**|**Building Works**
**22,740**
**-**
**-**
**Charity**
**1 March 2024**| |---|---|---| |||**22,740**
**17,527**
**1,555**| |||**19,082**
**5,213**| |||**3,658**| |||**The Charity**
**At Mar24 £**
**1,335**
**2,940**| |||**4,275**| |||**The Charity**
**At Mar24 £**
**904**
**2,488**
**10,259**
**3,793**| |||**17,444**| F7 GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) |STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating an Income and Expenditure Account)
for the year ended 31 March 2024
**17. Creditors: amounts falling due after one year**
Roof Repairs|**The Group**
**At Mar24 £**
**3,835**|**The Charity**
**At Mar24 £**
**3,835**| |---|---|---| Great Baddow Parish Council extended a loan facility to the Great Baddow Millenium Community centre to cover roof repairs on the building. |**18. Reconciliation of net income to net cash flow from operating activities**
**Net income for the reporting period**
**Adjustments for:**
Interest from investments
Depreciation charges
Fixed assets tansfer from antecendent organisation
Additions/ (Disposal) of Furniture & Equipment assets
(Increase)/ decrease in stock
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
**Net cash provided by (used in) operating activities**|**At Mar24 £**
**116,762**
**(613)**
**10,271**
**(27,063)**
**(6,402)**
**(7,776)**
**(4,716)**
**45,398**| |---|---| ||**125,862**| ## **19. Subsiduary undertakings** Great Baddow CA Limited, a company registered in england 14503560, is a wholly owned subsiduary of the CIO. |**Great Baddow CA Limited**
Income from Trading Activities
Cost of raw materials and consumables
**Gross Profit**
Staff Costs
Other expenses
Donation to parent charity
**Net Profit/ (Deficit)**|**Year ending 31**
**March 2024 £**
**327,776**
**(128,673)**
**199,103**
**(89,604)**
**(102,919)**
**(6,580)**
**(0)**| |---|---| ## **20. Parent Charity** The Charitable Incorporated Organisation has not presented its own Income and Expenditure account or Statement of Financial Activities. The gross and net income of the parent charity alone are as follows: ||**Year ending 31**| |---|---| ||**March 2024 £**| |Gross income|**198,522**| |Net income (expenditure) for the year|**116,762**| ## **21. Pension Contributions** The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pensions cost charge represents contributions payable by the charity to the fund and amounted to £1,659. All of this was unrestricted, all contributions due were fully paid at the balance sheet date. ## **22. Related party disclosures** During 2023 payments of £6,514.27 were made to Cabana Soft Drinks (Essex) Ltd whose Managing Director, Henry Groenendyk, is Chair of the trustees. ## **23. Movement of Funds** |GBCA charity of the year to Mar23
Charity of the year to Mar24
Total Restricted Funds|Opening balance
0
-
-|Income
450
478
**928**|Expenses
0
-
-|Transfers
-
-
-|Closing balance
450
478| |---|---|---|---|---|---| ||||||**928**| Description of funds **Great Baddown Community Association charity of the year to Mar23** - funds collected for The David Randal Foundation and Chelmsford Food Bank **Charity of the year to Mar24** - funds collected for The David Randall Foundation F8