CHARITY REGISTrATION NUMBER: 288092
Haverhill Community Trust
Unaudited independently examined accounts
31 March 2024

Haverhill Community Trust
Financial statements
Year ended 31 March 2024
Pag•
Trustee's annual rewt
IndeperKlent examinovs rerK)rt10 th8 trustèe
statement of financial actiuib8S
BalawKe sheet
Notes lo th& financial statements

Haverhill Community Trust
Trustee's annual report
Year ended 31 March 2024
The trustee presents his report and Ihe unauthled finan¢taE stslewils of the ¢harfty for the yw ended
31 March 2024.
The finanoxal 3talements have L￿n prepared tn ￿th the a￿￿￿tI￿j policies sel out in notes lo
the acccxjnls and cornpty WTth the charitys 9OVoming docunwL thg Charities Act 2011 and A￿untIng and
Repor￿ng by Charities.. Stslement of RoconMn8nded Ptactice aPFI￿aLle to Charities proparfng their
a¢￿Unts In accordance with the F￿an(JaI ReportirwJ Standwd ap￿ilxb1e in the UK and Republic of Irdand
published in October 2019.
Reference and admlnlstrtho dots1
Regl8tered charfty name
Hawhlll COMM￿lty Trnst
Charlty r•glstratlon number
288092
Prlnclpal office
Haverhlll Tth¥n H811
High Street
Haverhill
SLrffrAk
C89 8AR
The trustse
The Ifustees who $emd the yewand at the date of approval were a5 foltows..
Havwhill Town cou￿4
cre￿ to tho trusteè
C PIKd
Banker8
Uoyds Bank plc
8 High Street
Haverhill
Suffdk
CB98AR
Ind&pendent exarnlner
L Thurston FCCA
Lovewel Blake LLP
Chartered a￿￿nI•￿$
First Floor &Jite
2 Hillside Business Park
Bury St Edmunds
IP32 7EA

Haverhill Community Trust
Trustee's annual reportl¢oftlnuoAI
Year endod 31 March 2024
ObJectiveB and activiti•¥
Havethill Communlty Trust r￿moteS such Charttable pvrpose5 the benefft of the inhabhants of Havethlll
as the Tru51ee thinks rrt, and in particl￿ar by the pmvision of pwrises for the benefit of the publlc.
The charlty rents out Ihe use of th& okl IMI hall as an Arts Centr? ￿1nd1 offic0$ to Havethill Town
Council. A room wlthSn the bulldlng is letto the LIMI History Group.
Achiev•ments #nd perfomMn¢e
Durfng 2023 the Ttywn Counul ￿fu[bi$hed fhe dressirrfJ room areas of the Old Tvwn Hajl lo improve the
artist experien￿. The Old Town Hall was also used lo hosl a major art exhibition. Muiiny in Colour.
which proved 8xtraMdYkn•￿n4LjUi
Ouring the 202>24 ye8r the charity was aÈ4e to support the fiju rarvJe of acti￿1￿9 delivered by con$t￿ent
groUpS￿ul￿￿1ngS opwating under its wng.
The Clernewts C(¥nmunty Centre proTrThks hire Sp￿ for a wd8 rar4e of ¢XTrmrT￿nitY uses, from l(H)ch club8
lo sport and fitr￿S use.
The Haverhil Zon8 Youlh and Famfy Hub: The T(rwn Council oper8tfrs a soft-rAay which the Trust
Use5 as a setting for youlh work and also for supw)rting farnilies IhroLvJh a rarvJe of activity. Thè Youth
Skills SeNice. delivered by the town counol as a member of ONE Havethill Partnership, is also based here
and del￿er$ support under ￿ auspices of fv con￿￿￿ty Trttst for y[￿9 pgf)ple in danger of becoming
NEET. 11 also provides a safe space f(* young ￿pIe to meet weekty, the Wellbeing Hub. Signpost. both
for adults and younger peoK4e, elmtinues lo wovide support for people arp Struggling lo malntaln their
place in education. training or ernployTnenl. The Youth Sknlls Service also ￿ceiVed funding from the
Breakthrough Fund: which is used lo help people overcome pra(#S¢al barriers lo employment, such as
buying a ￿ke to get lo work, or t￿15 and safety boots. The Walk, Talk and Bee Happy project supported
people experienciNJ low mood, through w￿￿rvJ. ￿dItalIOn and po￿tIN￿ thinkiro.
The Trust maintained a watching brief over the Zone Ixjilding. As woll as offerfng an affordable soft-play
cenlre, it includes prowsion for SEND thildren indudiTrJ a Monday club runnirtg throughout the year and a
sensory roorn. The Zone also acts as a Irteracy chanwion offering supported reading and giMng out free
botsks on behalf of the National Ltteracy Tr￿1. A is wovMJod for Rwm4 ￿￿n$¢111￿j for young people
who have experienced trauma.
Terrffic Tugsdays Dementia Group.. This ff)nlinues to prThide a rarYJe of acliwtios for lis members. Th￿kS
goes to Mr D Wenddl WIK) cowrtwiues to kad thi5 group M&JnIfi￿nfy.
Men's Group.. This continues lo wowde a range of ¥￿tIeS for Its monl)ers. Thanks goe$ to Mr Wendell
who continues lo lead this group magnilkenty.
Comwnunty ￿l¢hen.. This has be￿ usod by several 9￿￿)5 to teth ￿0￿.￿j and independence for a
range of residents.
Haverhill Volunteer Centre: Th8 Vdunteer Centre was $tha￿l at The link, in Hwthill High Str88t. It W8S
oped that this would help improve wsibility, aC￿SS and the numt*r of people conNng lo￿ard lo volunleer
In Haverhll. Unfortunately this did not materi￿lSe, so fvnders tr)ok Ihe decisk)n d￿ng this financial yaar lo
Ihdraw funding from M8rch 31st 21r24 arKI an orderty winding LV of rt8 affairs before Summer 2024.
Th8 Town CouncAI will continue lo support the Good N￿ghb(MI[S Schern8.
Havethill In ￿00M.. The members of this group ￿rarb9ed another impressive display of colourful planter5,
hanging baskels and troughs in Ihe town centre. Thanks go lo Mrs S Roach for leading this ac1ive grcAJp.
During Aulumthinter 2023 Ihe gr￿p agreed a sL¥￿Y seTVi￿ ff￿￿￿ Flants That Grcw, near Rldgewell.

Haverhill Communty Trust
Trustee's annual rePort(c(￿onU8¢fj
Year endad 31 March 2024
Haverhill & District Famity Carers Supwrt (*w): This yrw) cgwne under the wing of Éhg ConNnurMty Trust
by resolution of the Tru￿80 on 18th July 21r22. TIMS grwp supports famli y wers in the town and thank5
goes to Ms J Brett for her leadershlp of thi8 gr￿jp.
Publ1¢ benefft
In shaping our objecbves for the peric*J and ￿nIr0 our acbvrbes. the Trustees have r¥JnshJered the
Charity Commission's guidance on Pubfic Banefrt induding. Th8 PUbr￿ B8n&ffit Rwir8manl {PB1),
Running a Charity (PB2) and R8poJtin9 IPB31.
Fln8n¢lal rethi
Income from on-going 8ctbMI￿ the year arT￿n1￿j to £391.1W2 P023'. £229,262) of whith £322,594
was for s￿¢￿fiC resld(aed projects. Hi510ri•. a granl is rrAde by Havethill Tvwn Councfi to meet any
shortfam in annual in(x)me and in 2023r24 this amounted to £225,tYYJ121Y23: £117,000). Conversely. Iho
£73,730 resknicted fundiro releds the ongolng success of Trust proje&s in g￿nIng financSal support from
tharitable In￿lS and putrAi¢ bodies forthe work that tha Tnjsl does fLY Haverhlll.
The costs of mantaining the Town Hall. cle￿nts Communty C&ntr& and other Pr￿150$ costs during Iho
year anwnted to ￿10.469 12023.. £210,413) rel]ec1ing the orvJoing inveslrnenl in the Tru5fs priwnary
oblecknvo of woviding PTemise5 for tharitatle a¢AMty in Ha¥ethil. over and abo¥e the direcl charrtable
actI￿lieS ddivered through woiects.
RKorvgs pokcy
The charitls poky on the @Sta￿lS￿￿￿n( maintenance ade(pJacy of reserves WKJ b81wKos will be
rèwvwed annuaty and will bè h8ld for f￿r main purposes:
a working baance to help cvshion Ihe impact of Lmeven cash lknvs and avoid ￿n￿CeSSary temwary
kx)Thowing- this fomis pat of general reseNe$'
a contingency lo ¢u$hlon tho Irr￿ of urwected events or e￿en￿eS - this also f￿m5 part of
gener81 reserves..
a means of building up funds. often referred to as deswJnaled funds. lo nwt kn(pwn or predicted
r8quir&ments,' dèsignat￿ thrKls aro a(%￿nted f￿ separately but remaln legally part of the unrestricted
funds.
as well as reserves d8signal8d by the Ch￿ towards knwn or predidgd requirements, there arè also
r&stricted r8sems whar8 fuThJs given by a third party towards a pard￿lar prokd. with any match
funding ¢x)mmitted by the Trust as part of a formd agreemenL
Thv charitys reserves policy is lo hold 5uffiuenl reserves to ¢Thr the objecti've5 aLxTrve considerwj ID be at
least Six months. unrpstsicled running costs eqUalW￿ to £40:365 (2023.. £44,063) based on 31 March 2024
actiwty levels. Free reserves. b￿n9 unwtTthd and ￿-￿eS19naIed fvnds. as al 31 March 2024 amounlod
to £8,774 12023: £23.289) whith when comLKned ￿th arTh)unts held for restrided projects total £82.504
{2023'. £76.627) as shown in the Staterr￿t of Finanoal Acb￿tIe$.
Indepèndent examlnor rgappoknlrnnt
A r&solution lo apwinl L Thurston FCCA of Lovewell Blake LLP as irthperthit examlnar wlll be proposed
at the next Annual General Meeling.

Haverhill Community Trust
Trustse's annual reporti¢¢nrfnuo
Year ended 31 March 2024
Structure¥ govornanc• and manag*hwiil
The Town Ham. High Street, Hav&fvl, Suffolk CB9 8AR, was r8gist8r8d 8S 8 charitab18 Injsl wilh Ih8
Charity Commisgoners in 1896.
On 1 August 2004 the $c4e Tru51eeship of Ihe Clwity was tranSfer￿d frorn St Edmundsbury Borou
CounrAI to Hav8rhil Town Couwl, Ihè building haNryNJ been pemk9nently endowed to cffie of the Councifs
preda¢essor ￿hOrit￿ in 1895 by a kxxl lamity.
On 13 April 2015 the Charity Comrnission issued a stheme lo g¥wem the ¢harfty, replacing the Trust Deed.
Tha scheme also prowded a new (*4ects dause for the charlty. tsxtendng rem￿ beyond that of Trustee
ol the Town Hall.
The object of the charrty is to promote s￿h charitatr4e pury)oses for Ihe g￿eral benefft of Ihe inhabitants of
the area of benefit as the Trustee Ihlnk frt. and in Fk9rti￿lar. iKrt wilhoul litTWtation. by the prowsIc￿ armj
malnlen8n¢e of weml$e$ for charitaL4e purposes for the benefrt of the publi& In addition. the off￿la1
Custodian for Chafilies was apwnted by the charity as Custo(fjan Trustee for Ihe Town Hall on 3 March
2015.
Under the terrns of 8(*erne, the Town CourKil as body Co￿te 15 responsible for the managemeril of th8
charity and may determine rutes. ￿UlatiOnS, charges. tom￿, condlbons and pro￿s￿OnS for that purpose. As
part of their inductio￿traInIng Counrylk)rs re¢eTve inStr￿￿"On and guitlaM* on their role as Truslee, th8
hlstory and otry'ectives of the charfty. aml the relatIL￿shIp belween HaverhAI Town Coundl and H￿ethI11
Gornmunity Trust.
The derk lo TnJsle¢ managgs the day-t(Hlay Ope￿ti￿8 of the thatty. The tharity has a very dose
relalionshlp wtth Its Trusto&. Havethil coun￿1. wl¥ch pm%rydes funding arbd day4¢bday services lo
enable the charity to carry out its charilatle obiectwes.
Rlsk managomont
The Trustee has assessed the rr01￿ risks to whith the dwity is exposed, in particular related lo the
opèr81ions financ&s of th8 tharify and is satisfied th8t systems and pro(￿ur$S are in pl8C8 to miligale
ils èxrM)sur8 to thèsè major risks. The ackrvywledge5 Tts ultimate responslbdity for ensuring that the
charity has in pl￿ a system of Intem￿ conlrol that is appropriale to Ihe business erNironment in which il
opwales. These controls are designèd to gi¥8 reas(￿Ne 9Ssuran￿ with r&s￿cl to..
Th8 r81iability of finanoa information used wlthin the charity orfor pUbIh￿tIOn
The maintenance of woper accountrThJ records. and
The safeguarding ol assets against unauthoris8d usa ordisw&siti¢)n.
It 15 the Trustee's reSp￿sIbl1ty to estat￿lsh aThJ mairrtain syslems of intemal finanoal ￿ntr￿. StKh systems
can only provide reaSona￿e and rKJl absdLrte assurance against malwla financial risstslemenl or loss.
Key elements indude ensuring that..
POI￿leS and w￿dureS are in pl¥*, Ind￿sn9 Ihe (lo¢￿Ien￿lIon of key syslerns and rulgs rolating lo
the delegation of auttrK)tilies, whvth allow Ihe moniiorirrfj of controls and restrtct the ￿auth￿Ise{l use of
the Charitys assels.
Officers at the appropriat¢ I￿1$ tak& rOsp￿sIti1*Y for imw)rt*rt Iwsiness functhons.
Information in respect of inry)rne and expen¢*bJre 15 availabk whth allows the Trustee to monitor
key business risks fmancial obi8cbv&s. and rws towards ffinanrial plans sg1 frw Ihg ￿al.
Fin8nual infL¥malion is prepared on a regulw basis.
JI Tnajor CO￿￿¥1ments arKI invesknenl prc4ects are subpd lo fomial authorisation prrxedures.
Rgports ftom management, and fr(Mn thè independent examiner in reswt of control pr￿dureS are
reviewed.
Appropriate action is taken to correct weaknesses idanbfi8d from Ihe above repNts.

Haverhill Community Trust
Trustee's annual report (conthtn
Yoar ended 31 March 2024
On behaw of fhe Tru51ee. the Finan￿ Cornrnittee ha5 remewed the effecfNeness of the system of internal
financial in existenr£ for the thaiity fr*the yearerKl8d 31 Mard) 2(r24.
No weakne&se8 were fourvj in intemal financia cortsols whK* req￿re di5d05ure in Ihe financial st81gmenl8
or in Ihe independent examinerfs reF¥Nt finanual stalemenl$.
The ¢thBrit￿s m*n unreslricte(l is ckned from renting spaL* to vther organi58tions, induding
Haverhill and Di8trict L¢Jcal History Museum and HaverhfA Town Gcyjnc￿. The rent receNed f￿M tsnan15
was reviewed in 21Y22 by an independent expert and set by th& Trustee at the ￿Ve[ adwsed.
Rolat8d party trnnsactlons
The charity has a very close relationship ¥￿th tho ¢uThent Trust￿. Havevhill T¢)wn CwrKI. A summary of
Iransacllons with this party is Dsted In the notes to the llnancial statements.
Plans for fu￿10 perfods
The charKy plan8 to t¥)ntlnue to promote its a¢ti¥ities for the fiJrtheM¢e of ris otiectives for the b8nefil of
the inhabitants of the area of benefit as the Trustee thinks fiL and in particular. bul wthLMJt limitation, by the
provision and maintsnance of premis8s for etharilatrA8 purpos&s ofth8 k)ng tèm) t￿&fil of the public.
The trustee's annual report was approwd on ....... ..... ............ ..
biJsla8s by.
nod on behalf of the t#)*d of
C Poole
Clerk lo the trnslee

Haverhill Community Trust
Independent examinovs report to the trustee of Haverhill Community T￿￿t
Year ended 31 March 2024
I report lo the chwty trust86 on my eX9Th￿at￿￿ of the ffinancial stat￿n8ntS of the charity for th8 y&ar 8Th18d
31 Mard) 2024 which comprise the statement of ffinancial *ibibos, blan(* shegt and the rglaled nolgs.
Re$poMlblltle$ and ba$is of rgwt
As the charitys Itustee you are responsible for the preparatKin of the fmandal stat&ments In a￿rdanc?
with the requirements of fhe Charili6s Aci 20111'the Ad).
I report in rosp￿t of my examlnatk)n of the (*witys finanraal statemenls carl￿￿ oul L￿d￿r section 145 of
the Act and in (xrrying out my examinatbjn I have foltr*ed all the apr￿Cabb Dlrg¢tk)ns gl¥en by th¢ Charity
Commission under 8￿tion 14515}Ib) ofthe ACL
Independent examlnerfs statom•nt
sin￿ the charitys gr05s income exceed￿ £250,(￿ y￿r examiner musl be a member of a body 118led In
section 145 of the 2011 Ad. I that l am qualified to undertake the examination because l am a
member ofthe AssoclatK)n of Chartered Certffied Acc￿n&￿ts. ￿leh is OM ofth8 Ilsted bodiès.
I have completed my examination. l ￿nfim7 that no material matters havè cornè lo my attenlc>n in
connection wilh Ihg examination giwng me cause to bdieve that in any material respecL
ar%ounting records were not kepl in rwe¢t of the itharity as wired by $￿tion 130 of the Act,.
or
the finansial Stslements ¢kn not aCCC￿ wilh those r￿Ords.. or
Ihe finanoal stalemonls do not ¢xJmpty WTth Ihe applicable r￿￿re[r￿n1$ ￿r￿eMing Ihe fcffli and
Content of a¢cuunts set out in the Chariknes ￿cc￿JnlS and Reports) R&gulations 20D8 olher IhBn
any r8qulrèrnent that the accounts give a'lrue and faif wew wlN"ch ks not 8 fflaltei Considered as
part of an independent examinati¢)n.
I have no ¢on¢ems and have come across rKJ olher matters in conn8cbon ￿ th8 8X8minalon to which
attention Should be drdwn in Ihis report In cYd8r to en8ble 8 prc•er understanding of the a¢￿Unts lo bè
reached.
Your attention 18 dwn lo the fact Ihal Charity has wepared the ￿)Unts ￿l￿a￿￿al stslements) in
accordance with Accounting and R8poI￿r0 by Charftie8.' Statement of Recomrnended Prdctice applicable lo
chariti&s preparing thèir ￿OUnts in att0rda￿t with the F￿anCIal Reporting Standard applicable in the UK
and Republic of Irelarvj IFRS 102) in preference to the Ar￿)￿ti￿J and Reporting by Charillgs.. S18Éen*nl of
Recommended Practlce issued on 1 April 2005 ¥hl(* Is ￿feffed to in the extant regulalh)ns bul has Since
boon withdrawn.
l understand that this has been done in ¢yder f￿ tho a¢c(Kmts to prowide a tsue and fair wew in accordance
with the G8n8raty Aacepl8d Accounting Practi(% effeGtNe for rep)rbng periods beginning on cw after 1
January 2015.
L Thurston FCCA
Independert Fxamlner
Lov8W811 Blak8 LLP
CharteTed accountsnts
First Floor Suite
2 Hlllsid8 Buwness Park
Bury St Edmunds
IP32 7EA
29 November 2024

Haverhill Community Trust
Statement of financial activities
Year ondad 31 March 2024
2024
2023
lurbjs
funds
fvnds Totsl fvnds Total funds
Income and endowments
Donations, gr8nts 8nd
legacles
Charilable acti¥iti8s
other Ir*ling actnritses
Total Income
297.507
25.087
298,168
44,892
48,102
391.1K2
141,650
40,857
46,755
229,2S2
19.80S
48,102
68,568 322,594
Expen￿￿Te
Charitable gclfvili8S
80,729
80,729
385,285
385,285
238,747
238,747
Total expenthbjre
Net Incomellexpendliure)
b•foYe transfer of funds
(12,161)
18.0&8
5,877
{9,4851
Transfers b6ts¥ean fuThJs
(2,354}
Ng1 movornent in funds
(14,5151
20.392
5,877
{9,4851
R•¢on¢iliation of funds
Total funds brought forward
Total fundB caTrfed forward
23,289
53.338
358.500
4&5,127
441,004
444,612
8,774
73,730
358,500
435,127
The statemenl of flnancial athlles indudes all arvj h)s5es wiwj in the ygar.
AJI Inconk and exwndilurB derive frorn {￿tinL￿r￿j &*Nities.
Tho notos on pages 9 to 18 farni p•rt ofthe8e flnancl•l ¥tstw*nt•.

Haverhill Community Trust
Balance sheet
31 March 2024
2024
Fixgd assets
T8ngible fixed as8ets
367,188
368,926
Current a8$•ts
Debtor
Cash at bank awKI in hand
50,889
27,622
78,511
32.341
50.4
82.837
Credllorn: Amounts falling qtue wlthln
one year
current assets
12
(4,695)
{16.6361
73.816
66,201
435.127
435,127
Total assots1•$8 ¢unenl Il•blllll•s
441,¢J)4
Net a¥sets
441.Crf)4
Funth ofthe rharity
Endowmant funds
Restri¢tèd funds
Unrestricted fvnd8
358,500
73.730
8,774
356,500
53,338
23,289
435,127
Total ¢hqiity funds
13
441,CKJ4
These fi anual $tatwnents were by the board of trustees a￿1 aulhoris8d for issu8 on
.7s2¥ and are signed on behalf ofthe board by..
C Poole
Clark to th8 trust88
The noles on pages 9 to 18 fonn partof these financial slatemonts.

Haverhill Community Trust
Notes to tho financlal statements
Year ended 31 March 2024
General InfornutloTr
The charity is a putlic benefit entity and a registered chaTrty in England arKI Wale8 and is
uninccyporatsd. The addre$$ of Ihe wine4)￿ Off￿ is Ha¥Mtrill Town Hall, High Slre8t. Ha￿thIN,
Suffolk, CB9 8AR.
Sl4tsm¢nt of Comp￿4￿cO
Th9 chatfty (￿StituteS a pulAic tenefit entity as defined by FRS 11Y2. The financial stalements have
been prepared In actsjrdance wrth Ao)Juntir¥J and Rwting by Chariiie5.' Statement of
Recornrnended Pract￿8 applicable to charities wep3mg Iheir accounts in accordance with Ihe
Financial Reporbro s￿dard aprAlcable kn the UK and RewNic of Ireland Issued In October 2019, the
Financ18t Rewjrbng Standard 4)plIca￿e in the United lQngdorn and RepUbL￿ of Ireland IFRS 1021,
the Chariiles A& 2011 and UK Generany Accepted Accounting pract￿￿.
Accounting policlos
Basis of preparation
The finandal slatements have teen prepared on the historical cost basis. a5 modiffied by the
revaluation of certain fina￿la1 assets and liabilillos and investsnent propertigs measured at fair value
thr(HJgh kneomo or expendiiure.
The finanaal stalernents ￿ prepared in ste￿￿9. ￿1¢h is Iho fun(*itywl currency ofthe entity.
Going concern
Th8 ar￿]unts have been prepared on the g￿ng (%)r￿rn basis and the Truste85 beli8ve that no
rn81Èri81 uncartainties exSst. Trustees have considered the level of funds held 8nd the expecled
In¢ome 8nd expanditure for the next 12 [r￿nIhS from authorising these financial statements. The
l￿dgeted income and expenditure is suffictent the thl of reserves for Ihe tharity lo be able to
continue as 8 wng concem.
Income tax
The a¢livitips of Haverhill Community Trust are exempt from United lfjwydom Incomè arvj Cuwrdtion
taxation, pro￿ded that the IncljK￿ 15 apF4ied to cthaiilable purposes.
Fund accountkng
Unreslrided knds are waifable for use al the dist¥etion of the Trustees to further any of the tharitls
PUfP05e8.
D￿gnated fvnds ¥th8rè rwssary, we Un￿Sti￿[Wj thd$ eamthed by the Trustees particular
fubjre prtsje￿ or comnmtsnent
Rostiicted funds are Subl￿ted to reslridions on tt￿1r expendthre dedared by the donor or through
the temis of an appeal. and fal into of two s￿>dasses. restricled income fiJnd5 or endrywrnenl
funds.

Haverhill Communty Trust
NotOS to the financlal statsments {¢onOnuodJ
Year ended 31 March 2024
A¢countlng pollcl8s (conthiiod
Income
All incorne is induded in the statement of financial actwrbes when enlillemenl has passed to the
charity, it is probable that the econonyc beneffts assoc4aknl wlth the tranSact￿n will flow lo the chaiity
and the 8rn￿nt can be reliably measuwj. The f(th>h￿ng $pe¢ifi¢ wlides are 8ppli8d to parttcular
¢alegories olin¢ome:
income from donations or granls is recc9￿$9d there Is ￿den￿ of enlillement to the gift,
re¢elpt is probable and Rs am(wnl can be measured rel￿bly. In partI￿lar. grants from Hav&rhill
Town Council is set lo meet Ihe net Costs ofthe Ch￿[￿ during its trusteesh￿ and 1$ pald over and
above any rent payab￿.
IBgacy iThx)me. where relev￿rt is ￿r￿se￿ when ￿Cept is wobabla and enfiuemenl Is
establish￿1.
from donated wls is mga8twe(18tthe fairvalue of the gwds unless IhSs is impracknl to
measure reliably, in which case the walue is derived trom the cx)st to the donor or tho esllmalod
resale Wdlue. Donated facilifies and seNces are recognised in the accounts when re￿Ived rf the
value can be rdiabty measured. No amounls arg in¢lt*kd for the contribution of general
Volunte￿S.
Income from contracts for the suppfy of services is recogrwsed with the delivery of the iyjntracted
seNce. This 1$ classif￿d as unrestrictad funds unl8SS thèr& is a contractual requirement for it lo
be 5penl i>n 3 pthAar purpK)se and relum￿l rf wspert ￿ vthith case it may be regarded 8$
restricted.
Expendlture
Expen(filure 15 reo)gnised on ￿ accwals basis as a fiabilty is iwjrred. Expenditure includes any
VAT whith cannot be fijlly recovered, and is rJassffied under headings of the statement of financial
acimties lo 4thich il ￿L9￿$.
expenditu￿ on raising lunds indudes the o)sts of al fundrydi8ing 8ctivities, gvenls, no
charitable Ir&Jing aclniibes. a￿1 th8 sal8 of ¢kJnated grM>Js.
expenditure on Ch￿ilable acuwties indLkles all cosls irKurred by a charity in undertaking
8CtiMti8s that fvrther its ¢h8wilat4e aims the benefit of its benefiLXali@s, ind￿ling thos
support Costs and costs relating to the governan￿ of th8 charity aFwlioned to charitable
adNth8S.
oth8r expenditurg in¢ludo$ 41 gxwrfrture that Is nwiher related lo raising funds for the tharily
nor p￿( of its expendiiure on charitatrAe athwit1￿.
l ts)sts are allo(*led to expend￿re ialagories refbèctlng use of the resour¢e. Direct ￿$15
attributable lo a single actimty are allocat￿ diredy lo that activity. Shared costs are apportioned
belween the a¢tiMlies they ￿ntribUte to on a reasonab￿, justiffiable ￿K1 ¢x)nsislent b8SiS.
Tangible assgts
Tangible assets are irilkally recorded at Cost. and SLtsequently stated at cost less any accumulated
depreciation and imwrment losses. Any tsNJitrAe assets wried al revalued an￿untS ar8 recordad al
the falr value al the date of re¥alualion less any sub8equenl actwmul8ted depreci8tion 2nd
subsequent a￿umulated impalm￿nI b)sses.
-10-

Haverhill Community Trust
Notes to the financial statements (¢othw¢Q
Year ended 31 March 2024
Ac¢ounting policies [￿10￿U￿￿)
Tanglbh assets (MnllnL*O)
in¢reaso In the carryitvJ amount of an asset as a result of a revaluafion. is reDJgnised in other
recogni5ed gains and knsses. un￿sS it rnv8rsas a tharyè for Impainy￿t that has pr8viously bègn
recognised as expenditure wrfhin th& st41erTwI of finan0Y￿ acltvities. A decrease in the carrying
amount of an asset as a rasult of rewaluation. recogn15ed in other re￿gnised gains and losses.
ex￿p1 lo whl¢h11 offsets any previous revauabon gain. in which case the loss is shown within other
recogrthsed gains and losses on the sta1￿1 offfinarx44 *#l¥ilig$.
The freohold property, which c(¥￿Sts of the Hayerhill To¥ffl Hall and associated ￿an1 and machinery
within the buihjing is held al Wdluabon. The ofth• wop8rty is ravi￿Ved annualty by th8 trusl88S.
L*reclation
Depreciation is calculated so as to write off Ihe or ¥￿ual￿)n of an assgt. loss hs residual valu$,
over the useful economic lrfe of that asset as folows..
Fi¥turas and fittings
10% straght
Flnan¢lo1 Intstiumonts
A fin8n¢i818sset LY a financ4al fiabRity is reccwised onty when Ilk enlty beC￿meS a paity lo the
oc￿actUal prowsK)ns of Ihe instru[t￿l.
Ba*c flnancial instNments are inibalty r￿rISed at ￿ amunt wryvablo or payatrfe induding any
related Iransaclhjn costs, unless arrang¢monl (x)nstiiutos a fin8nong Ira)sa¢Uon. whtrre il is
recognised al Ihe presenl value of Iho future pay1￿15 thscounted at a I￿￿ke1 Tale of tnler8st for a
similar d8bl instrunwt.
Current assets and current liatrmlitlgs ore subw4uw)Uy measured al the cash or other LwisDJeryatlon
ex￿ lo be paKI 01 reC￿￿Ed and Th)t discounbj.
Debt instruments are subwu&ntly m8asur8d at antxtsed iJ)sl.
Donatlon* grants and ￿9a￿•S
Unrestricted
FuThJs
Reslricted Totsl Fund$
Funds
2024
Donations
Donalion5 and gfft aid
Grants
Havethill Town Counal
CommunityAction Sullolk
Wesl Suffoike#t*Counc41
Suffolk County Cc4Jndl
Tackling Poveriy
Othèr grants rerAved belcw £5,C(Kl
225,(KJO
5,131
44,970
1,020
14,223
6,503
225,￿0
5,131
44,970
1,020
14,223
7,164
298,16e
297,507
11

Haverhill Community Trust
Notes to the financial statements {conthw
Year anded 31 March 2024
Donation8J grants and legacles (conf
Unres1rictwJ
F￿d5
Re5trthd TL*al Funds
Funds
2023
Donatlons
Donations and gfft
376
1.602
1.978
Grants
Haverhlll Town COUNI
Community Actlon Suffolk
Wesl Suffolk GoyBty Councl
Suffolk County C￿nCil
T8¢kling Poverty
Other grants re¢elved bel￿ É5.C
87.OLKJ
6.717
9.387
1.850
2,514
2.4tM
117,000
6,717
9,387
1,650
2,514
30,376
111.274
141,650
Charitable actiYitig$
Unr8strictad
Funds
Roslrided Tot•1 Funds
Funds
2024
Letbng
c￿Munity group incfj
Volunloer Centre Income
Dernentia group incx)me
Community acaivrties and support sep4i
19,805
19,805
23.811
1.276
23,811
1.278
19,805
25.087
44,892
Unreslricted
Funds
Reslricted Tolal Funds
Funds
2023
Letting
Community group income
Voluntser Cent￿ irwne
Demenlia group inciime
Community activit*s $Lvtth seN¢xs
12,660
12,660
2,275
16,255
2.275
16.255
9.667
9,667
12,660
28,197
40,8S7
Other trading activltie5
Unrostslcted Total Funds Unrestricted Total Fund$
FWNIS
2024
Funds
2023
Rent and booknng fees in￿rne
48.102
48,102
46.755
46,755
12-

Haverhill Community Trust
Notes to the financial ststements (cothuo
Year ended 31 March 2024
Exp•ndEturn on charltabl• aetmtles
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Other prenThses costs
Conwnuntty group ex￿n￿"tUffe
COn￿unity ￿l¢han
Haverhill in blwm
Community acli¥ities and wpport servK*s
Supwrt costs
73.683
233,981
5,121
820
5.637
58,387
610
307,864
5,121
B20
5,637
58.387
7,656
385,285
80.729
Unrestrided
Funds
Restricted Total Funds
Funds
2D23
Olher premises ￿sts
Community group expenditure
Community kilthen
Haverhill in bloom
Communriy acti￿￿￿$ and Supp￿ ser¥iL%S
Support costs
80.2T2
121.709
201,981
1,653
8,535
14,195
6.470
6,535
14,195
14,323
238,747
7,853
88,125
150,622
Analysls of support ¢osts
2024
2023
Insurance
Bank t*arges
Other costs
Independent eX￿Ination fee
Depreciation
2.912
4,911
215
5,374
2,085
1,738
14,323
1.950
1,738
7,65S
N•t Fnc(M)wllexpgn¢fthrnl
Net Sncc￿￿1(0xp¢n¢fflurel ts ststed after d￿rgI￿{¢7&d1tsng):
2024
2023
Deprectallon of fawible flX￿ asset8
1.738
1,738
Stsff costs
Thè average ha￿1 rx)unl of ￿￿oyeeS during the yearwas Nl (2023: N￿1 .
No em￿oyee received ern￿Oyee benofits of n￿re than £￿.[￿ during the yw (2023: £Nill.
The Trustees neither receNed not waNed any 1emunerd1￿Tr during the year P023.' £Nil) and no
TnJst88 has r8ceiv8d any reimbufsernenk of expenses from the Ch￿lty during Iho yoar ofthor thredly
or Indir￿Y.
13-

Haverhill Community Trust
Not8s to the flnancial statements
Year ended 31 March 2024
10. Tanglble fixed assets
Fmhold Hxwres and
pro&wty
fittin
Total
At 4 AF*II 2023 and 31 March 2024
Dopre¢latlan
At 1 April 2023
Charge f￿the year
At 31 Mar¢h 2024
358.SOO
17.378
375.876
6.952
8.952
1.738
8,690
car￿n9 amount
At31 Narch 2024
358.5DO
8,688
367,188
Al 31 Marth 2023
358.5DQ
10.426
368.926
The fteehokl propety and ils contents has been hislori¢ally valued at £358.500 by the Valuation
Office Sn 8¢COrda￿ wlth the Slaterwl of A55et Valuation Practice and Guldance Notes of The
Royal Inslrtule of Chartered Surveyors. The Trustees have valued the property at each sub8equonl
repc￿ting period wrth tho valLk inline the fomial v*uatw)n undertakèn.
11. D•btor&
2024
2023
Trade debtor5
Prepayments and acLrued income
Amounts owed by Haverhill Town Counul
Oth8r debtors
1,345
4.470
20,771
5,755
5.682
26.234
18.188
50,889
32,341
12. Credltors: Amounts fallng due wlthln one year
2024
2023
Trade credtLor5
Accruals and deferred income
2,432
2,283
4.695
5,639
10,997
16,636
14-

Haverhill Community Trust
Notes to the financial statements icon
Year endod 31 March 2024
13. Analws of Charitab￿ funds
Endowmènt funds
At1Awl
2023
At 31 March
2024
IrKom8 EXp￿Illure
T￿Sle[S
358,500
At1Awl
2022
Al 31 March
2023
IrKorne Exp￿rture Transfers
Arts Centre
358.51KI
358,500
Restrlcted funds
All4￿1
2023
Al 31 March
2024
Incorne EX￿d[ture Transfers
Arts Centre
Terrtfic Tuesday demenlla
group
Famity Carors SUPPOrt
group
m￿.$ gr￿p
Social pr8scribtng
Community group y
proj&t
Kitchen prqect
Thèzone
Havert)ill in bloom
Signp051 (C(￿0p)
Signpost (Wesl Sufftjlk
Counclll
Walk& Ta
Breakthrough
HAC Puk4ic Mental
224.808
{192.115)
(32,2281
3.500
3.214
2252
{5,4e4)
(4￿)
700
22,341
19,558
22,341
19.545
2.746
2,928
1,723
(131
IY2,1541
(6,629)
fy).318
34,582
1.723
500
5,338
2.645
11,130
73.730
￿￿)
13,034
11.2401
(304,556)
12.370
322,594
-15-

Haverhlll Community Trust
Notes to the flnanclal statements (con
Year ended 31 March 2024
At 1 Awil
At 31 March
2023
Inm Exp*)ditwo
Tran8fer8
Clgmonts Communrty
Centre
Arts Centre
Terrific lue$day dementla
group
Family Carws support
group
Men's group
Sodal we$¢xlblng
Communlty group youth
project
Kitchen pr¢i8ct
The Zone
Haverhill volunteer centr
Hav8rhill in bloom
6,447
137
30,317
(6,5841
3,2
3,035
1,219
{1.6531
3.214
1,056
440
700
420
7[
18.fj65
19.618
6.197
8.818
{5.1421
22,341
19.5S8
68.947
22,240
6.717
139.471
r15,1441
2.2401
{6,&341
{150.6221
2,811
64,489
2,994
S3,336
Un￿￿trIcted fundB
At1Awl
2W23
At 31 March
2024
Ir￿￿ Expendrtwe
Tran$fers
neral funds
De$ign8tad- Propèty
aNI repair8
P6,187)
(6.1461
8.774
20.750
(54,5421
3,7¥2
23.289
&8,568
<80,7291
(2.3541
8,774
At 1 Awil
2022
Al 31 Marth
2023
Ints)rne Exwdrture
Transfers
General funds
Designated funds-
Property and repalrs
res8￿e￿
15.868
59.791
(73,120)
2,539
5.755
(15,1Y)5)
20,750
21,ff23
89.791
(88,1251
23,289
Purnose of endowment fun¢ts.'
Arts Centre.. Is a penTAnent endrAvn￿rt'yor the Lwefft of the wpte of Haverhiif relallng to the Arts
Centro property.
PuKpose of rnstrl¢t¢dfund&"
Arts Centre.. Represents fuTrJs gi¥8n ft*the ywpose of s14)w￿lng the activates oflhe the Arts Cenlre.
Family ca￿r8 SUPPOrt gmp.. Rewgsents funds given for the wrwjse rjf supporbng the adiwales of
Ihs this group.
16

Haverhill Community Trust
Notes to the financial statements fconl
Year ended 31 March 2024
Sociat tK8suibing: Repw8sents fun(L% purpw of Supp￿ing S￿la1 prestJii¥ng aclwibes.
CommuiNty group youlh woiect Is re#trk￿ for the de¥dopnènt and pro11s￿ of services for Ihe
youth comnyjnity.
I(t￿en prole(*'. Represents funds re(*ivwJ West Sutfolk Cc￿¢11 for the pro￿s1On of ts)okery
skills education.
Thg Zorw.. Reprosonts funds given fwlhe purpose of suppyUNJ the acli¥ibes of thethis group.
Havethill in bloom.. Represents fund8 re8lrided to be expEnded towards prOM￿1n￿, and the provision
of, floral displays in and around the t(Mn.
Signpost IC¢>Opl'. Represents fund5 given lor mdu year Slgnm proje(1 from Co Op Local
Comrnunity Fund.
Signpost (Wesl Represents funds glven for nwmi year Swpost project from West
Suffolk Council.
Walk & Tdk: Rgw8sents funds given for mulb yoar Walk & Talk project grant fvnding frorn Public
Mental Health Programme.
Br8akthrough.' R8pr8s8nts funds grv8n for M￿11 y8ar Breakthrough project grant frJndirvJ from Suffolk
Community TrusL
HAC Public Mental Heatth: Represents funds gNen for nwjlti year HAC prrJl&
Cl8mènts Community c￿tra.. Is an 8xpendat4e enthimenl for ihe Clements Communtty Centre
reL4ling to funds rocewes from the Leislon Comnwnity Assoctylion to be used for solely for the
ainlenance ofthe clem￿lS Comrnunty Centre pr(yerty.
Terrific tu8sday damBntia group: R8pres8nts furKls ￿¥•n fv th8 purpose of suppjrting the activates of
the this group.
Men's group: Represents fvnds gi4En forth¢ puq>ose of supwliThJ the acivitses of the this group.
Havethill Volunteer Centre.. Represents funds grwen for the wrpjse of Supp￿ting the adlwlles of the
this group.
Pujpose of deslgnatsd funds..
Propety and repairs reseNes.' Represewts a fund set asNJe for fijture prvperty repairs. A$ al each year
eThJ d*e amounts are transferr¢d to &¥1 fr￿ thts fund to strengthen its position in anlicyaly)n of
future ¢>)sts t￿¥48Tds energy eff￿lent experKlthre as necess￿ aThJ wlw¢ poss*)le.
17-

Haverhlll Communlty Trust
Notes to the financial statements (co•Jth(K
Year ended 31 March 2024
14. Analysis of net a8s•ts beiween funds
As al 31 March 2024
Urweslrided
FWKIS
Restricted
Funds
En(bjwm￿I Tolal Funds
Funds
2024
TangiNe fixed assets
N81 eurrenl &8sets
8.8B8
367,188
73,816
73.730
Mat a8￿ts
8.T74
73.730
358.500
441,IX
As at 31 March 2023
Unrestsi¢ied
Funds
Restricted
Funds
Endowment Total Funds
Funds
2023
Tangible fixed assets
Nel ¢urrent assets
10,426
12.863
358,500
368,926
e6,201
Netassets
358.500
435,127
15. Financlal instruments
2024
2023
The carrying amount of finarwJ81
Instrumènts at 31 March 2024 were..
Financial assets measured at lair wak￿.
Freehold woperty
358,500
16. Relatad parues
Haverhill Town Counul, the Trustee is a related party. During the year the charity received amounts
lotalling £101.699 (2023.. £100,736) and paid amounts f¢y of £107,162 12023: £111,449).
Inrjuded in debtors at Ihe year eryl is a baLgrth of £26.234 {2023: £20,771) due from Haverhill Town
Council.
All other related party transa¢tion$ are ollwvrise dist*)sed In the note8 to Ihe finar￿￿918tatements.
There were no other rela￿￿ party tran￿lIonS in t￿S orthe prioryear.
18-