Charity number: 1200755
GREAT BADDOW MILLENIUM COMMUNITY CENTRE TRUST
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
GREAT BADDOW MILLENIUM COMMUNITY CENTRE TRUST
CONTENTS OF THE FINANCIALS STATEMENTS For the Year Ended 31[st] March 2025
| Page | |
|---|---|
| Report of the trustees | 3, 4 & 5 |
| Independent Examiners Report | |
| Statement of Financial Actvites | F1 |
| Balance Sheet | F2 |
| Cash Flow Statement | F3 |
| Notes to the Financial Statements | F4 – F9 |
GREAT BADDOW MILLENIUM COMMUNITY CENTRE TRUST
REPORT OF THE TRUSTEES For the Year Ended 31[st] March 2025
The trustees present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Legal and Administrative Information
| Trustees | Sophie Ashford |
|---|---|
| Dennis Brewer (Treasurer) | |
| Lancelot Gooch | |
| Henry Groenendyk (Chair) | |
| Dennis Harvey | |
| Peter Hussey | |
| Richard Royce | |
| Jennifer Turner | |
| Roger Turner | |
| Janet Stern |
| Charity number | 1200755 |
|---|---|
| Registered address | Community Centre Recreaton Ground |
| Baddow Road | |
| Chelmsford | |
| CM2 9RL |
The Great Baddow Millenium Community Centre Trust was registered as a Charitable Incorporated Organisation with the Charity Commission for England and Wales on 19[th] October 2022 it only became fully active on 1[st] April 2024 when the antecedent organisation the Great Baddow Community Association transferred its assets to the CIO. It is governed by its October 2022 Constitution.
Charitable Purpose
To further or benefit the residents of Great Baddow and the neighbourhood, without distinction of sex, sexual orientation or of 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.
Achievements
One of the Key areas that has been improved is the use of social media to reach a larger proportion of the community. An open evening was also organised to showcase what we have
3
GREAT BADDOW MILLENIUM COMMUNITY CENTRE TRUST
REPORT OF THE TRUSTEES
For the Year Ended 31[st] March 2025
available. This well attended event also enabled many residents to meet some of the organisers of the clubs and societies that use the centre for their meetings. Additionally, a mail drop to several thousand homes was set up to increase the awareness of what we have to offer.
We continue to host a diverse range of activities focussing on health wellbeing and leisure. In addition to long standing hall hirers, we have seen several religious groups using our facilities on a regular basis. There has also been an increase in the number of charitable organisations hiring rooms including The change Project Fusion, Fostering, Marie Curie and The Children’s Society. We also recognise that some organisations require special support such as The YMCA youth group who have access to the centre at no charge on a weekly basis. Other groups who are struggling to survive have also been offered reduced hall hire rates at the discretion of the trustees.
In addition to the eclectic range of clubs and societies hosted by the centre we also accommodate an increasing number of private functions for special events such as weddings and birthday celebrations.
The Community Centre is becoming increasingly popular as a warm and welcoming place to meet and enjoy good quality food. In the evenings and at weekends the Members Bar is open to members and their guests and is recognised for its family friendly atmosphere.
It is used by several football teams, the local cricket club and holds frequent crib, darts, and bingo evenings. Special events aimed at all ages are also arranged on a regular basis
With such heavy usage the centre requires ongoing maintenance and decoration throughout the year to maintain the high standard for which we are renowned. Where possible this is organised through a pre-planned enhancement programme agreed and monitored by the trustees.
Financial Review
The Trust has been able to improve upon an already sound balance sheet with net assets of £142,324 including restricted funds of £1,443 being cash held for future committed disbursement to our charity of the year, leaving unrestricted reserves of £140,881.
Total income for the year was £459,385, with total expenditure of £433,823 resulting in a surplus of £25,562. Of the current years surplus £515 relates to restricted funds. When comparing theses outcomes with the previous year it should be noted that £106,584 of the previous years income was attributable to the transfer of assets from the antecedent organisation, Great Baddow Community Association.
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.
Grant Making
Any regular user of the premises can apply for a grant from GBMCCT on a grant application form available from our office. Applicants must be able to demonstrate that they are a not for profit
4
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to thg trustee8 Great Baddow Millenium Centre Community Trust On accounts for the year ended 31" March 2025 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 (Yhe Trust-) for th8 year ended 3110312025. Responsibilit106 and basis of report As th8 chariws trust88s, you are responsible for the pr8paration of the accounts in accordance with the requirements 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 carying out my examination, I have followed all the applicable Dir8Ctions given by the Charity Commission under section 14515)(b> of the Act. Independent The charity's gross incom8 ex¢eeded £250.000 and l am qualified to examinetrs statement undertake the examination by being a qualified member of ACCA. I have completed my examination. I confirm thal no material matters have come to rny allention in connection with the examination which gives me cause to believe that In, any material respect.. the aGcounting records were not kept in accordancè with section 130 of the Charities Act.. or the accounts did not accord with the accounting records., or thè accounts did not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that th8 acmunts give a 'true and fair. view which is not a matter considered as part of an independent examination. I have no concerns and have wme across no other matters in connection with the examinatior7 to which attention should be drawn in this report in order to 8nable a proper understanding of the accounts to be reach8d. Signed: Dats: Name: CLAIRE BULLEN Relevant professional qualificatlon{s} or body (If any): FCCA IER Oct 2018
Address: 46-54 HIGH STREET INGATESTONE CM4 gDW Section B Disclosure Only complete if the examiner needs lo highlight material matters of concern (see CC32. Independent examination of charity accounts.. directions and guidance for examiners). Give hero brief 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 2025
| £ Notes INCOME Donations & Legacies 3 Income from Charitable Activities 4 Income from Trading Activities 5 Investment Income 6 Total Income EXPENDITURE Expenditure on Charitable Activiti 7 Expenditure on Trading Activities 9 Support Costs 10 Governance Costs 10 Total Expenditure NET SURPLUS (DEFICIT) RECONCILIATION OF FUNDS Brought Forward Funds CARRIED FORWARD FUNDS |
Unestricted Fund Restricted Fund Total Funds Unrestricted Fund Restricted Fund Total Funds - 1,115 1,115 105,684 928 106,612 99,583 - 99,583 91,747 - 91,747 358,593 - 358,593 327,776 - 327,776 94 - 94 613 - 613 Year ending Mar25 Year ending Mar24 |
|---|---|
| 458,270 1,115 459,385 525,820 928 526,748 128,385 600 128,985 117,103 - 117,103 268,544 - 268,544 255,196 - 255,196 35,664 - 35,664 37,587 - 37,587 630 - 630 100 - 100 |
|
| 433,223 600 433,823 409,986 - 409,986 |
|
| 25,047 515 25,562 115,834 928 116,762 |
|
| 115,834 928 116,762 - - - |
|
| 140,881 1,443 142,324 115,834 928 116,762 |
F1
The |
Group |
The Charity |
The Charity |
||
|---|---|---|---|---|---|
£ |
Notes |
At Mar25 |
At Mar24 |
At Mar25 |
At Mar24 |
Fixed Assets |
|||||
Tangible Assets |
14 |
14,024 |
23,193 |
14,024 |
23,193 |
Current Assets |
|||||
Debtors |
15 |
10,827 |
4,716 |
7,729 |
4,275 |
Intercompany Balance |
42,680 |
93,414 |
|||
Stock |
7,996 |
7,775 |
|||
Cash at Bank |
157,765 |
126,474 |
110,753 |
17,159 |
|
176,588 |
138,965 |
161,162 |
114,848 |
||
Creditors |
|||||
Amounts due within one year |
16 |
48,287 |
41,562 |
32,861 |
17,444 |
NET CURRENT ASSETS |
142,325 |
120,597 |
142,325 |
120,597 |
|
Creditors |
|||||
Amounts due within one year |
17 |
3,835 |
3,835 |
||
NET ASSETS |
142,325 |
116,762 |
142,325 |
116,762 |
|
Funds |
|||||
Unrestricted Funds |
140,881 |
115,834 |
140,881 |
115,834 |
|
Restricted Funds |
1,443 |
928 |
1,443 |
928 |
|
TOTAL FUNDS |
142,324 |
116,762 |
142,324 |
116,762 |
GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) CASHFLOW STATEMENT for the year ended 31 March 2025
| £ 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 |
Year ending 31,196 94 94 31,290 126,475 157,765 |
Year ending 125,862 |
|---|---|---|
| 613 | ||
| 613 | ||
| 126,475 - |
||
| 126,475 |
F3
GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) NOTES TO THE ACCOUNTS for the year ended 31 March 2025
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
| Tangible fixed assets | 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.
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.
F4
GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) NOTES TO THE ACCOUNTS for the year ended 31 March 2025
2. Accounting policies - continued
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 Donations received towards designated Charity of the 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 £ - Y - - Unrestricted Fund £ 99,583 Unrestricted Fund £ 253,366 67,028 14,353 1,712 22,134 358,593 Unrestricted Fund £ 94 Unrestricted Fund £ 55,357 23,627 16,917 9,608 13,794 4,058 2,600 2,424 128,385 Year Year Year Year Year |
Restricted Funds £ - 1,115 1,115 Restricted Funds £ - Restricted Funds £ - - - - - Restricted Funds £ - Restricted Funds £ - - - - - - 600 - 600 ending 31 March 2 ending 31 March 2 ending 31 March 2 ending 31 March 2 ending 31 March 2 |
Total Funds £ - 1,115 1,115 Total Funds £ 99,583 Total Funds £ 253,366 67,028 14,353 1,712 22,134 358,593 Total Funds £ 94 Total Funds £ 55,357 23,627 16,917 9,608 13,794 4,058 3,200 2,424 128,985 025 025 025 025 025 |
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 Yea Yea Yea Yea Yea |
Restricted Funds £ 450 478 928 Restricted Funds £ - Restricted Funds £ - - - - - Restricted Funds £ - Restricted Funds £ - - - - - - - - - r ending 31 March 2 r ending 31 March 2 r ending 31 March 2 r ending 31 March 2 r 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) NOTES TO THE ACCOUNTS for the year ended 31 March 2025
| 8. Charitable Donations and Grants Awarded Great Baddow Football Club Great Baddow Cricket Club Crib club The David Randall Foundation 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 £ 1,335 1,065 200 - 2,600 Unrestricted Fund £ 133,484 99,122 14,950 8,663 3,275 4,130 1,019 3,901 268,544 Year Year |
Restricted Funds £ - - - 600 600 Restricted Funds £ - - - - - - - - - ending 31 March 2 ending 31 March 2 |
Total Funds £ 1,335 1,065 200 600 3,200 Total Funds £ 133,484 99,122 14,950 8,663 3,275 4,130 1,019 3,901 268,544 025 025 |
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 Yea Yea |
Restricted Funds £ - - - - - Restricted Funds £ - - - - - - - - - r ending 31 March 2 r 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 11. Auditors and Examiner's Remuneration Independent examiner's fee No expenditure has been incurred in raising funds, as s |
Support office costs £ 17,852 4,800 3,022 7,902 77 2,011 35,664 Unrestricted Fund £ 630 Year uch all Support and Year |
Governance costs £ - 630 - - - - 630 Restricted Funds £ - ending 31 March 2 Governance costs ar ending 31 March 2 |
Total £ 17,852 5,430 3,022 7,902 77 2,011 36,294 Total Funds £ 630 025 e attributable to th 025 |
Support office costs £ 16,157 4,800 6,113 8,753 362 1,402 37,587 Unrestricted Fund £ 600 Yea e organisations Char Yea |
Governance costs £ - 100 - - - - 100 Restricted Funds £ - r ending 31 March 2 itable Activities. r ending 31 March 2 |
Total £ 16,157 4,900 6,113 8,753 362 1,402 024 |
|---|---|---|---|---|---|---|
| 37,687 | ||||||
| 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 (2024 nil). No Trustee expenses were reimbursed in the year (2024
F6
GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) NOTES TO THE ACCOUNTS for the year ended 31 March 2025
| 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 2025 154,919 5,264 1,746 161,929 Year ending 31 March 2025 2 8 1 11 Year ending 31 March 2025 2 4 1 7 |
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 £41,372 (2024 £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 At 1 April 2024 Additions Displosals At 31 March 2025 Depreciation and impairment At 1 April 2024 Depreciation charge for year Depreciation on Disposals At 31 March 2025 Net book Value At 31 March 2024 At 31 March 2025 All fixed assets are held by the CIO, Great Baddow Millenium Community C 15. Debtors: amounts falling due within one year Trade Debtors Prepayments and accrued income |
Furniture & Equipment 55,081 511 (1,845) 53,747 35,546 8,053 (1,773) 41,826 19,535 11,921 entre. The Group At Mar25 £ 1,079 9,748 10,827 Year ending 3 Group & |
Building Works 22,740 - - 22,740 19,082 1,555 - 20,637 3,658 2,103 The Charity At Mar25 £ 1,079 6,650 7,729 1 March 2025 Charity |
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 Year ending 3 Group & |
Building Works 22,740 - - 1 March 2024 Charity |
|---|---|---|---|---|
| 22,740 17,527 1,555 |
||||
| 19,082 5,213 |
||||
| 3,658 | ||||
| The Charity At Mar24 £ 1,335 2,940 |
||||
| 4,275 |
F7
GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) NOTES TO THE ACCOUNTS for the year ended 31 March 2025
| 16. Creditors: amounts falling due within one year Trade Creditors Social security and other taxes Other Creditors Deferred Income Accruals 17. Creditors: amounts falling due after one year Roof Repairs |
The Group At Mar25 £ 11,652 11,771 - 18,442 6,422 48,287 The Group At Mar25 £ - |
The Charity At Mar25 £ 4,022 11,206 - 11,346 6,287 32,861 The Charity At Mar25 £ - |
The Group At Mar24 £ 7,219 12,274 18,141 - 3,928 41,562 The Group At Mar24 £ 3,835 |
The Charity At Mar24 £ 904 2,488 10,259 - 3,793 |
|---|---|---|---|---|
| 17,444 | ||||
| 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 Mar25 £ 25,562 (94) 9,608 - (438) (221) (6,111) 2,890 31,196 |
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 | Year ending 31 March 2025 £ |
Year ending 31 March 2024 £ |
|---|---|---|
| Income from Trading Activities | 358,593 | 327,776 |
| Cost of raw materials and consumables | (135,921) | (128,673) |
| Gross Profit | 222,672 | 199,103 |
| Staff Costs | (99,122) | (89,604) |
| Other expenses | (99,501) | (102,919) |
| Donation to parent charity | (24,049) | (6,580) |
| Net Profit/ (Deficit) | - | - |
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 | Year ending 31 | |
|---|---|---|
| March 2025 £ | March 2024 £ | |
| Gross income | 190,840 | 198,522 |
| Net income (expenditure) for the year | 25,562 | 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 £1,746 in the year to Mar25 (£1,659 to Mar24). All of this was unrestricted, all contributions due were fully paid at the balance sheet date.
22. Related party disclosures
During the year to Mar25 payments of £4,286 were made to Cabana Soft Drinks (Essex) Ltd whose Managing Director, Henry Groenendyk, is Chair of the trustees (£6,514 to Mar24) .
F8
GREAT BADDOW MILLENIUM CENTRE COMMUNITY TRUST (CIO 1200755) NOTES TO THE ACCOUNTS for the year ended 31 March 2025
23. Movement of Funds
| 23. Movement of Funds | |||||
|---|---|---|---|---|---|
| GBCA charity of the year to Mar23 Charity of the year to Mar24 Charity of the year to Mar25 Total Restricted Funds |
Opening balance 450 478 - 928 |
Income - - 1,115 1,115 |
Expenses (122) (478) - (600) |
Transfers - - - - |
Closing balance 328 - 1,115 |
| 1,443 |
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
Charity of the year to Mar25 - funds collected for Chelmsford Food Bank
24. Prior Year Movement of Funds
| 24. Prior Year Movement of Funds | |||||
|---|---|---|---|---|---|
| GBCA charity of the year to Mar23 Charity of the year to Mar24 Total Restricted Funds |
Opening balance - - - |
Income 450 478 928 |
Expenses - - - |
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
F9