CHARIry REGISTRATION NUMBER: 288092 Haverhill Community Trust Unaudited independently examined accounts 31 March 2025
Haverhill Community Trust Financial statements Year ended 31 March 2025 Page Ttustee's annual report Independent examiner's report lo th& Iruslee Stslernenl of financial activities Balance sheet Notes to the financial statements 10
Haverhill Community Trust Trustee's annual report Year ended 31 March 2025 The Iruslee presents his report and th8 unaudited financial 51alemenls of Ihp charFly for the year ended 31 March 2025. The flnancial statements have been prepared in accordance with the a¢¢ounting polici8s sel out in notes to th8 accounts and comply with the charity's governing document, the ChaTlti8s Act 2011 and Accounttng and Reporting by Charities.. SlatèmÉnt of R8commended Practice applicable to charities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Roferencè and admlnlstrative details Reglstered charlty name Haverhill Community Trust Charlty registratlon number 288092 Prlnclpal office Haverhill Town Hall High Street HaveThill Suffolk CB9 8AR The trustee The Iruslees who served during the year and at the dale of approval were as follows.. Haverhill Town Council Clerk to the trustee C P1@ Bankers Lloyds Bank plc 8 High Street Havethill Suffolk CB9 8AR Indendent gxaminor A Robinson FCA Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillside Business Park Bury Sl Edmunds IP32 7EA
Haverhill Community Trust Trustee's annual report (conllnuedj Year ended 31 March 2025 ObS•ctives and activlties Haverhill Community Trusl promotes such charitable purposes for the benefit of the inhabilanls of HÈverhill a$ the Trustee thinks fit, and in p8rtiCLJl8r by the provision of premises for thB benefil of the public. The charity rents out the Ltse of the old town hall as an arts centr6 and council offices lo Haverhill Town Council. A room within the building is let lo the Local History Museum. Achigvom•nts and perforniance During the 2024-25 year the charity was able lo support the full range of activities deliver8d by constitU8nt groupslbuildings operaling under its wing. The Clfjments Community Centre provides hire spac8 for a wide range of community L158S. from lun¢h clubs to sport and fitness use. A public-access defibrillator was fitted to the building in 2025. For much ol th8 year under VIeW Ihe building was the start-up bBse for WS Training to deliver much-needed post-16 level 2 learning opportunities in Haverhill. By offering 8 signilicanlly discounted rent the Trust was able lo de-risk the proposal SLJfficienlly for WS Trailling to go ahead. The pilot has been extremely successful and WS Training have now moved lo new, pèrmgnent premises in Haverhill. This is an excellent example of how the Trust can deliver significant publiG benefit lo Haverhill through the provision of spaces for oiganisalions lo deliver lif&changing servlces. The Haverhill Zone Youth and Family Hub.. The Town Council operates a sofl-play cenlre, which the Trust uses as a setting for youth work and also for supporting families through a range of activity. The Youth Skills Service, delivered by the town council as a member of ONE Haverhill Partnership, is also based here and deliveTS SUPPOrt under the auspices of the Cornmunity Trust for young people in danger of becoming Not in Education. Employment or Training INEETI. It also provides a safe space for young people lo meet weekly, the Wèllbeing Hub. Signpost, both tor adults and younger people, continues to provide support for people who are struggling to maintain their place in edu¢aliDn, training or employment. The W8lk, Talk and Bee Happy proje¢l supported people experiencing low mood, through walking, Tneditalion and positive thinking. Choices, launched in ApThl 2024 and funded by the Suffolk Police and Crim8 Commissioner. supports young people aged 11-25 from turning to Crime and exclusion from school by supporbng Iheir mental health and in making bett$r d$¢i$ions. The Trust maintained a walGhing brief over the Zone building. As well as oftering an affordable soft-play centre, it includes provision for Special Educational Needs and Disabilities ISENDI children including Monday club running throughoul the year and a sensory room. The Zone also acts as a literacy charllpion offering supported Tpading and giving out free book5 on bèhalf of the National Literacy TTU8t. A room is provided for Room4 counselling for young people who have experienced trauma. Terrrfi¢ Tuesdays Dementia Group.. This continues lo piovide a range of activitie5 for its mèmbers. Thanks goes to Mr D W¢ndell who continues lo lèad this groLJP magnificenuy. Men's Group.. This continues to provid8 8 range of activities for ils members. Thanks goes to Mr Wendell who continues lo lead this group magnificenuy. Community Kitchen.. This has bèèn usèd by sèveral groups lo leach cooking and independence skills for a range of residents. Haverhill In Bloom.. Thg members of this group arranged 8nolhèr imprèssive display of colourful planters, hangin9 baskets and troughs in the town cenlre. Thanks go ID Mrs S Roach for leading this active group. HaveThill & District Family Carers Support Group.- This group came under the wing of thè Ctsmmunity TTUSt by resolution of the Trustee on 18lh July 2022. This group supports family carers in the town and thanks gc*s to Ms J Brett for her leadership of this group.
Haverhill Community Trust Trustee's annual report (e¢)ntinted) Year ended 31 March 2025 Publi¢ b$n6fit The current Trustee has considered the Charity Commission's guidan on pvblic benefit. The Trustèe confifms that in planning and carrying out the charitls aeliviti8s it has had regard lo this guidance. The Trustees confim th81 they havè complied with the duty in section 4 of the Charities Act 2011. Financial r•vl¢w Income from ontsing aelivtlies dLJring the year arnounled to £340,25012024'. £391,162} of which £213.841 12024.. £322,5941 was for specific reslricled projects. Historically, a granl is made by Haverhill Town Council lo meet any shortfall in annual income and in 2024125 this amounted lo £165.304 12024= £225.0001. Restricted funding reflects the ongoing success of Trust proj&cts in gaining financial support from charitable trusts and public bodies for the work that the Trust does for Haverhill. The costs of rnaintaining the Town Hall, Clemenls Community Centre and other prernises ¢osts during the year amounted lo £227,855 12024.. £307,664> r8flècting the on90ing investment in the Trust's primary objèctiv8 of providing premises for charitable a¢tivily in Haverhill. over and above the dlrecl charitable activities delivered through projects. Reserves policy The charity's policy on the estsblishm8nt, maintenance and adequacy of reserves ond balances will be reviewed annually and will be held for four main purposes.. working balance to help Gushion the impact of uneven cash flows and avoid unnecessary temporary borrowing- this loims part of general reserves- a conling8n¢y lo cushion the impact of unexpected events or emergencies - this also forms part tsl general reserves., a means of building up funds, often referred to as designated funds, to meet known or pdICtd requirem¢nls- designated funds are ac¢otJnlèd for separately bul remain legally part of the unreslricled funds. as well as reserves designated by the charity towards known or predicted requirements, there are also rgslriGled reserves where funds are given by 8 third party towards a particular project, with any match funding commilled by the Trust as part ol a fom)al agreBrnenl. The charity's reserves policy is to hold SLrfficient reserves lo cover thè objectives above considered to be al least six month5, unrestricted rLJnning costs equating lo £2,37012024.. £40,365) based on 31 March 2025 activity leve15. Free reserves, being unrestricted and un-designatgd tunds, as al 31 March 2025 amounted to £3,567 12024: £8,774) which when combined with aTnounts héld for ¥estricted projects total £91,710 12024= £82.5Q41 as shown in the Slalemenl of Financial Aclivilies. During the year a significant transfer of £98,82912024: £2,3541 was made lo restricted funds to ¢ovèr the ongoing expenditure of projects. Whilst the Iruslee will look lo inGreose funds to the reserve largel over the ¢omlng years, based on Ihe budget for the year ended 31 March 2026, a furth8r delicil may occur over the short tsim. r8qui¥ing additional support from the Haverhill Town Cgun¢il to miligate. Independent ex#mln$r reappolntment A resolution lo appolnl A Robinson FCA of Lovewell Blake LLP as indep8nd8nt 8xaminer will be proposed al the next Annual Gen8ral M88ting.
Haverhill Community Trust Trustee's annual report (¢ontlnts) Year ended 31 March 2025 structure, govgrnaneè and management The Town Hall, High Street, Havgrhill. SLtffolk CB9 8AR, was règistered as a charitable trust with the Charity Commissioners in 1896. On 1 August 2004 the sole Trusteeship of the Charity was transferr from St Edmundsbury Borough Council lo Haverhill Town Council, IhÉ building having been permanently endowed lo one of the Council's predac8ssor authorities in 1895 by a local family. On 13 April 2015 the Charity Commission issued a scheme to govern the charity, replacing the Trust Deod. The scheme also provided a new objects clause for the charity. gxtending its remit beyond that of Trustee of th8 Town Hall. The object of the charity is lo promole such charitable purposes for the general benefit of the inhabitsnls of the area of benefit as tha Trustee think fil, and in particular. but without limitation, by the provSsion and maintenance of premises for eharilable purposes for the bonelil of the public. In addition, the Official Custodian for Chartlies was appointed by the ch¥rity as Custodian Trustee for the Town Hall on 3 March 2015. Under the tems of schem@. the Town Council as body Corporate is responsible for thè management of the charity and may determine rules. regulations, Charges, terms. condition5 and prowsions for thal purpose. As part of their induetion.Iraining Councillors Ceive instruction and guid8ncÈ on thèir role as Trustee, the history and objeclives of the charity, and th6 relationship beiween Haverhill Town Council and Haverhill Community Trust. Thé clerk lo the Trustee manages the day-to4ay operations of the charity. The charity has a very close relationship with its Trustee, Haverhill Town Council, which provid$s fLJnding and dat0daY services lo enablg the charity lo carry out ils charitable objectives. Risk m#nagÈm•nt The Trustee has assessed the major risk5 to which the charity is exposed, in particular those related to thg operations #nd fÉnances of the charity anLf is satisfied Ih8t systems and procedures are In place to miligale its exposure to these major risks. The TTusle¢ acknowledges 115 ultimate r8sponsibility for ensuring that the charity h2s in place a system of intèrnal control that is appropriate lo the business environment in which il gporales. These controls are designed to give reasonable assurance with respect to.. The reliability of linancial information used within the charity or for publi¢Btion The maintenance of Propgr a¢¢ounling records, and The safeguarding of assets against unaulhorised use or dispositton. 11 is the Trustee's rèsponsibility to establish and maintain systems of intemal financial control. Such systems can only provide reasonable and not absolule assurance against material financial Tnisslatem8nt or loss. Key elements include ensuring that.. Policies and procedures are in place, including the documenlalion of key systems and rules r8lating to the delegation of aulhorilies, which allow thè monitoring of controls and restrict the unaulhorssed use ol the CharlS assets. Offic9rs al the appropriate levels lake responsibility for important business lun¢lions. Infomiation in respect of income and expenditure is available which alluws the Trustee lo monitor the kèy business risks and financial objectives. and progress towards financial plans sel for the year. Financial information is prepar8d on a regular ba81S. All major commitments and investment projects 8re subject to lormal aulhorisalion procedurgs. Reports from management, and from th8 indep$ndenl examiner in respect of control proGeduros are reviewed. Appropriate action is taken lo correct weaknessès identified from the above Teports.
Doc[qN En¥dope ID.. B5TO882IAD4EE4-&sF3lS&E¢F8Sr Haverhlll Community Trust Trustee's annual reportlconttnufydj Year ended 31 Mar¢h 2025 On behalf of the TTuslee. Ihe Finan¢8 Commlttee ha$ revlewed Ihe effectiveness ol tho syslEm of Iniemal finsnci81 control In txislence forlhe charity for the year ended 31 March 2025. No weakne&g0s were found In Inlemal financlal controls whleh requlre dlsdtssure In the flnancial ststemenls or in Ihe indépendent exatnine¢s report on the financial stafemenls. The charity's maift unrBstriclod income is derived from renting spa¢9 to other organlsations, includlng Haverhill and District Loc81 History Muséum and Hav8rhill Town Council, foT which a new lease was enteréd into in April 2025. The rent eIVed from tenants was eWed In 2022 by an Indepandent expert and sot by the Trustee al U?8 level advisetl. Rèlai•d party transacttons The charAy has a very clos& r8laitonshlp wth the current Trustee, Haverhill Town Council. A summary of Iransaclions with this party Is Ilsled In thè note5 to thè financial statements. Plans forfutyre perlods The charity plans to contlnu& to prDmote Fts activllies for th2 lurtheranca of 11$ objectives tor the benefit of the inhabitants of Ihe area of beiiefil as Ihe Tru51ee thinks trt, and in p&rtlGular, bul without limit&tion, by the provlslon and malnlenance of preml*s for charitable purposes of the long terrn benefit of the public. The 1rustee's annual report was approv on 19 J8nu8ry 2026 and signed on behll of the board of truslees by.. C Poole Cl¢rk lo the tnislee
Haverhill Community Trust Independent examiner's report to the trustee of Haverhill Community Trust Year ended 31 March 2025 I report lo tho ch3rily twstee on my examinalion of the financial statements of the charity for the year ended 31 March 2025 whlch comprise the slalement of financial activities, balanca sheet and the related notes. R•$ponslbilltles and basis of report As the char¢ly's truste8 you are responsible for the preparation of thé financial si8tements in accordance with the requirements of the Charities Aol 2011 I'e Acl'l. I report in respect of my Éxamination of the charity's linancial slaletnenls ¢arried out under section 145 of the Act and in carrying Dut my examination I have followed all the applicable Direolions given by the Charity Cornmission under s8clion 1451Sllbl of the Act. Indopèndent examiner's statement Sin¢$ thè charity's gross income exceeded £250,000 your examiner must be a member ol 8 body listed in section 145 of the 2011 Act. I confirm Ihal l am qualifièd to undertake the examination b8causo l a mèmber of the Institute of Chartered Accountants in England and Wales IICAEWI. which Is ot)e of the listed bodies. I have completed my examination. I confirm that no material matters have come to my ottention in connection with the examination giving me cause lo believe that in any material respect.. accounting reGords were not kept in respect of the charity as required by section 130 of the A¢l- or the financial statemonts do not accord wth Ihose fecords- or the financial statements do not comply with the applicable requirements conceming the form and conlenl of accounts set out in the Charities IAttcounis and Reportsl Regulations 2008 other than any qUIreMent that the accounts give 8 'lrue ond fairf view which is not a maller considered as part of an independent examination.
Doutsl9n Envdope ID.. 8570tSB21AD88.4EE444flF4.B5Y158ECfrQS7 Haverhill Community Trust Indopendent exafflinerfs report to the trustee of Haverhlll Communlty Trust Iconllnuod) Year ended 31 P41arch 2025 I havg no concerns and have come 8¢ross no other matlers in connection ivith the examination to whlch 2tt8nlion should bè drawn in this Teporl in order lo enable a proper undtrrstandlng ol the aocounls lo be reached. Your attenlion is drawn to the lact that the Chariiy has prep8red Aeeounls lflnancial 8lalem¢nlsl In accordance wtkn AoUnting and Reporting by Ch31ili25.' Slalemènl of Recornmended PTacll¢o applicable Lo chaiilips preparing their acwunls In aixordance wlth the Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 1021 in pr¢fewn¢e to the A¢rnunling ar Reporting by Chaiilies.. 8t8t&m8nt of Recommended PractSca issued tsn 1 April 2005 which is relarred to In thè extant regulations but has Since begn wIrawn. l understand that this has been done in order for tha accounts lo provlde a true and fair view in acGordan¢e with the Gènor911y Accgpled Aecounling P¥aclice effective for repo¥ting peiio45 beglnning on or aft•r 1 January 2015. A Roblnson FCA Independ8nt Exèmifter Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillslde Suslness Park Bury S.: Edmunds IP32 7EA aoJu]LY 202G
Haverhill Community Trust Statement of financial activlties Year ended 31 March 2025 2025 Restricted Endowment funds funds Total funds 2024 UnrpstriGled funds Ttstal funds Note Income and endowfflents Donations, grants and legacies Charitablè activitigs Olhei trading activities Total Income 18,771 21,843 57,749 98,363 239.105 2,782 257.876 24.625 57,749 298,168 44,892 48,102 241,887 340,2SO 391.162 Exp¢ndltyre Charitable activities 4,741 326.303 331,044 385,285 Total expenditure 4,741 326,303 331.044 385,285 Net income befor¢ transfer of funds 93,622 184,418) 9,206 5.877 Transfers between funds (98,8291 98,829 Net movèment In funds 15.2071 14,413 9,206 5,877 Re¢onclllatlon of funds Total fundg brought fonNard Total funds carried forward 8,774 13,730 88,143 358,50D 441,004 435,127 3,567 358,500 450,210 441,004 The statamènt of financial aclivitl8s inGludes a11 gains and losses COgnised in th8 year. AIS in¢ome and expenditure derivÉ from continuing activities. The notes on pag$$ 10 to 19 form part of these financlal statements.
DoGuslgft EnvelapD Itr. B570l-ADBB4IE4.a6F4-BS3I58ECpThS7 Haverhill Community Trust Balance sheet 31 March 2025 2025 2024 Noto Flxed assots Tangible fixed assets 11 385,450 367.168 Current assets Debtors Gash at bank and in hand 12 61,171 39,804 50,689 27,K22 78,511 100,975 Creditors: Amownts falling due withi one ygar 13 118,2151 14,6951 Net cvrrènt assets 84,780 73.616 441,004 441,IX)4 Totrdl assets less current IlablllttèÉ 450,210 450.210 Netassets Funds of the charity EDdowmeTrl fund5 Restrictsd %und5 Unrestiicted funds 358.500 68.143 3,567 450.210 358,51XI 73,730 8,774 Total ¢harEty funds 14 441,004 These financial staternents were approved by the board of trustsÈs and aulh0ri5ed lor i5SUo on 19 January 2026, and are Bigned ON behalf of the board by.. C PoolÈ Clerk lo Ihe truEleo The notès on pwgos 10 to 19 fomi part 0fthe flnanclal statement&
Haverhill Community Trust Notes to the financial statements Year ended 31 March 2025 General information Th¢ charity is a public benefit entity ané a registered charity in England and Wales and is unincorporale(S. The address ol the piin¢ipal office is Haverhill Town Hall, Hlgh Street, Hav¢rhill. Suffolk, CB9 8AR. ststement of compliance The Charity Bonslitules a public benefit entity as defined by FRS 102. The financi81 statèm8nls have been pPared in accordance with Accounting and Reporiing by Charities.. St8lemenl of ReMrnended Practice applicable lo ¢harilies preparing their accounts in 8ccordanGa with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard appli¢#ble in thè Uniied Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally A¢¢epted Accounting Practice. Accounting polielès Basi$ of prèparation The financial statements have been prepared on the hislorical eost basis, as modified by the revaluation of cÉrtain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The finanGial statements are prepared in sterting, which is the functional currency of Ihg entity. Going concern The accounts have been preparod tsft the going concern basis and the Trusloes believe that no material uncertainties exist. Thg Trustees have considered the level of funds held and the èxppcled income and expenditu for thè next 12 months from aulhorising these financial statements. The budgeted incomB and expenditure is sufficient with the level ol reseNes lor the charily to be able lo continue as a going conc81n. Inc¢m¢ lax The activities of Haverhill Commur*ily Trust are exempl from United Kingdom Income and Corporation laxalion, prDviéed Ihal the income is applied to charitablè purposes. Fund accounting Unrestricted funds are available for Ljse at the discretion of the Trustees to further any of the charily's purposes. Designated funds where necessary, are unrestricted funds earmarked by the Trustees for particular fuknre projeGI or commitment. Reslricled funds ar8 subjected lo restriction5 on Iheii expendilLJre declared by the donor or through the terms of an appeal. and fall into one of two sUblaSses.. reslriGled in¢ome funds or endowment funds. 10-
Haverhill Community Trust Notes to the flnancial statements leontlntsedj Year ended 31 March 2025 Accounting policigs (contlnued) Ineome All income is included in the statement of financial activities wh8n entitlemènt has passed to the charity, il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably mÈ2sured. The following specific policies are applied lo particular categories of income: incom8 from donations or grants is recognised when there is evidence of entitlement to the gift. receipt is probablè and its amount can be measured reliably. In particular, grants from Haverhill Town Council is set to meet the net costs of the charity during ils trusteeship and is pald over and above any rent payable. ineom8 from contracts for the supply of services is recognispd with the delivery of the ¢ontra¢led service_ This is classified as unrestricted funds un5ess there is a conlraclual reqijlremenl for il lo be spent on a particular purpose and returned if unsper7t, in which ¢a$g it may b8 regarded as restricted. rental income from assets leased under operating leases Is recognis6d on a slraighl-line basis over the term of the lease. Expenditure ExpendFture is recognised on an acciuals basis as a liability is incurred. Expenditure includes any VAT which cannot bè fully recovergd, and is classified under headings of the statement of financial activities lo which il relates.. expenditu on charitable activilies includes all costs incurred by a charity in undertaking a¢livSties that further ils Charilable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportion8d lo charitable aclivilies. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct oosts attribulable to a single activity are allocated directly to that activity. Shar8d costs are appot*oned beeen the activities they contribute to on a reasonable. justrfiable and cr)nsistent basi5. Tangibl¢ assèts Tangible 8ssels are initially recorded at ¢ost, and subsequently slated al cost less any a¢¢umulaled depreciation and impaimenl losses. The f¢hOld property, which con515ts 01 the Haverhill Town Hall and associated plant and machlnpry wlhin the building was initially reflected al valuation at the point il transferred lo th8 charity. The value of th8 property is reviewed annually by the trusteBs to ensurg that an impairment should not be reflecled, bul it is the view of the T¥uylees that thè valu8 of any deprèciation would be immaterial, and consequently. il has not been charged in these financial statamenis Depreciatlon Depreciation is calculatèd sts as lo write off the cost or valuation of an asset, less its residual value, over the useful economi¢ life of that assel as follows.. Fixture5 and fittirhgs 1010 straight line 11
Haverhill Community Trust Notes to the financial statements Icondnu8dJ Year ended 31 March 2025 Accounting policies (contlnued) Financial instruments A financial asset or a financisl liability is recognised only whèn the entity becomès a paty to the conlr8Ctual prcivisions of the instrument. Basic fin8neial instruments are initially recognised at the amount CeiVable or payable including any relalod Iransaclion costs, unless the arrangemènt constitutes a financing ITansaclion, where il is recognisad al the present value of the future paymgnls discounted at a market rale of interest for a similar debl instrument. Current assets and current liabilities are subsequently measured al the cash or other consid8ralion expected to be paid or received and not discounted. Oonations. grants and l•gacl•s Unrestricted Funds Restrict8d Total Funds Funds 2025 Donations Donations and gift aid 764 764 Grants Haverhill Town Council Community Action Suffolk Wesl Suffolk Council Suffolk County Councsl Tackling Poverty Other grants received below £5,000 165,304 2,400 7,750 165,304 7,430 12,560 5,030 4.810 8,931 55,651 7,236 64,582 7.236 18.771 239.105 257.876 Unrestricted Funds Reslricted Total Funds Funds 2024 Donatlons Donations and gilt aid 660 660 Grants Haverhill Town Council Community Action SLffftslk West Suffolk Council Suffolk County Council Tackling Poverty Other grants received below £5,000 225,000 5,131 44,970 1,020 14,223 6,503 225,000 5.131 44,970 1,020 14,223 7,164 661 661 297,5D7 298,168 12-
Haverhill Community Trust Notes to the financial statements {conllnuedJ Year ended 31 March 2025 Charitable a¢tlvities Unrestricted Funds Restricted Total Funds Funds 2025 Lettlng VolLJnléer cantr8 income Dementia group income 19,333 5,440 (2,9301 21.843 19,333 5,440 11481 24,625 2.782 2.782 Unrestricted Funds Restricted Total Funds Funds 2024 Letting Volunteer centre income Dementia group income 19,805 19,805 23,811 1,276 23.811 1,276 19,805 25,087 44,892 Oth•r tradlng activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Rent and booking tees income 57.749 57.749 48.102 48,102 13-
Haverhill Community Trust Notes to the financial statements (contlnu8dJ Year ended 31 March 2025 Exp¢ndlturo on ¢haritable activities Unrgslrlcted Funds Restricted Total Funds Funds 2025 Other prernises costs Community group expenditurè Community kilch8n Haverhill in Bloom Community aclivilips anrl support Services Support costs 227,855 2,425 227,855 2,425 7,197 76,274 12,552 7,197 76,274 17,293 331.044 4,741 4,741 326,303 Unrestricted Funds Restricted Totsl Funds Funds 2024 Other premises costs Comrnunily group expendiluTe Community kitchen HavBrhill in Bloorn Community eclivilie5 and support sèrvices Support costs 73.683 233,981 5,121 820 5,637 58.387 610 307.664 5,121 820 5,637 58,387 7,656 7,046 80,729 304,556 385,285 Analysls of Support costs 2025 2024 Insurance and olhei Gosls Bank Chargès Ind8pendont examination fee Depreclalion 12.770 330 2,455 1,738 17,293 3,760 208 1,950 1,738 7,656 Net income Nel income is staled afler ¢hargingllcredilingl'. 2025 2024 Depreciation of tangible fixed assets 1.738 1,738 Independent examlnatlon feas 2025 2024 Fees payable to the independent examiner for.. Independent examination of Ihg financial stalpments 2,455 1.950 14-
Haverhill Community Trust Notes to the financial statements (¢L)nlNnuedJ Year ended 31 March 2025 10. Staff costs The average head count ol employees during the yÈar was Nil12024'. Nill. No employee r8cÈivèd employee benefits of rnore Ihan £60,000 during the year12024.' £Nill. Th& Trustaa nèithsr received not waived aTry remuneration during thè yÈar12D24'. £Nill and no Trustee has received any reimbursement of expenses from the charity during the year eilher directly or indirectly. 11. Tangiblè fixed assets Freehold Flxlures and proptrrty flttings Total Cosl At 1 Aprll 2024 and 31 March 2025 Depreciation Al 1 April 2024 Charge for the year Al 31 March 2025 358,500 17,378 375.878 8,890 1,738 8,690 1,738 10,428 10.428 Carrying amount At 31 March 2025 358,500 6.950 365,450 Al 31 March 2024 358,500 8,688 367.188 The Trustee has reviewed thè value of the property al the reportino dat&, and consider5 Ihal th8 value 01 £358,500 remains appropriate by reference lo the specialised nature, and current conditiorn. 11 Debiors 2025 2024 Trade debtors Prepayments and a¢crued income Amounls owed by Haverhill Town Council Other debtors 206 1.967 50,798 8.200 805 5,662 26,234 18,188 61,171 50,889 13. Credltors: Amounts tslllng duè withln one year 2025 2024 Trade Crèditors Accrua15 and deferred income 8,005 8,210 16,215 2,432 2.263 4,695 15-
Haverhill Community Trust Notes to the financial statements (¢ontinu8dJ Year ended 31 March 2025 14. Analysis of charitable funds Endowmentfund5 At 1 April 2024 Al 31 March 2025 Income Expenditure Transfers Atts Centre 358,500 358,500 Al 1 April 2023 Al 31 March 2024 Income Expenditure Transfers Arts Centre 358,500 358,500 Rèstrlet•d funds Al 1 April 2024 Al 31 March 2025 Income Expenditure Transfers Clements Cèntre Arts Cenlre Terrrfic Tugsday dementia group Family Carers SLtpport group Social prescribing Community group youth project Kitchen project The Zone The Zone Grants Haverhill in Bloom Signpost Ico-opl Signpost Iwesl Suffolk Council} Walk & Talk Breakthrough HAC Public Mental Health Thriving Communibes Awards For All Winter Support Fix)Ib211 Project 8,400 111,670 121,6781 {141,7341 16,673 29,58LI 3,395 3,016 3.500 2,782 12.8501 168> 634 700 14051 229 700 22.341 19,545 2,746 22,341 19,545 424 2,746 3,191 39,616 12.070 1.298 186,8031 19,3241 17.4641 13,0051 44,865 2.928 1,723 6,429 1,282 500 5.338 2.645 11.130 5,000 15.5001 15,3381 13,4781 15.887} 1.655 822 5,243 5,000 18,977 1,232 1,350 88,143 5,000 19.950 1,400 5.000 19731 11681 13,6501 1298,257} 73,730 213,841 98,829 16
Haverhill Community Trust Notes to the financial statements fconfinued) Year ended 31 March 2025 Al 1 April 2023 Al 31 March 2024 Income Expenditure Transfers Arts Cenlie T¢rrilie Tuesday dementia group Family Garers support group Men's gTOUP Social prescrtbing Community group youth project Kitchen proje¢l The Zone Haverhill in Bloom Signpost (Co-op) Signpost (Wesl Suffolk Council) Walk & Talk Brèakthrough HAC Public Mental Health 3,035 224,808 1192,1151 132,2281 3,500 3.214 2,252 15.4661 1.056 440 700 14221 15201 634 80 700 22,341 19,558 22,341 19.545 2.746 2.928 1.723 1131 192,1541 16,6291 60,318 6,563 1,723 34,582 2,994 500 8.300 5,680 12.370 500 5,338 2.645 11.130 73.730 {2,9621 13,035} 11,2401 13()4,5561 53,338 322,594 2.354 Unrestricted funds Al 1 April 2024 At 31 March 2025 Incom8 Expenditure Transfers General funds 8,774 126,409 132.7871 198,829) 3,567 At 1 April 2023 At 31 MarGh 2024 Income Expenditure Transfers General funds Designated- Pioperty and repairs 2.539 38,568 126,187} 16.1461 8.774 20.750 30,000 {54,542} 3.792 23,289 68,568 {80,729} (2,3541 8.774 Purpo¥e ofendowment funds.. Arts Cenlre.. Is a pem)an8nt endowment 'for the benefit ol Ihe people of Haverhill" r81ating to the Arts Centre p¥operty. Purpose of restriGted funds.. Clemenls Community Cenlre.. Funds given lo be used for solely for the mainlenanee of tho Clemenls Community Cgntre property. Arts Cenlre.. Represents funds giv&n for the purpose of supporting Ihp aGlivities of the Arts Cenlre. Torrific Tuesday dementia group.. Represents funds given for the purpose of supporting the 8clivilies of this group. 17-
Haverhill Community Trust Notes to the financial statements 1¢ontinu} Year ended 31 March 2025 Family Carers support group= ReprÉs8nts funds given for the purpose of supporting the activities of this group. So¢ial prescrtbing.. Represents funds given for the purpose of Supporting social prescribing activi118S. Community group youth projecl.- 18 reslri¢led lor the development of projects of benefit for the youth community of Haverhill. Kitchen project: Represents funds received lor the provision of cookery skills èducation. The Zone.. Represents fund5 given lor the purpose of sUPPOrting the provision of soft play. The Zone Grants.. Represents funds given for the purpose of pro¥noting youth activity at the Zone. Haverhill in Bloom.. Represents funds restiicled to be expended towards promotin9. and th& provision of. floral displays in and around the town. Breakthrough= Reprèsènts fLJnds reslricled lo be expended towards breaking down finan¢lal barriers lo people being able lo enter Iraining or work. HAC Public Mental Health- Represents funds given lor mulli-year project addressing m8ntal health Issues through the Arts. Thriving Communities.. Represents funds reslri¢ted lo be expended lowards supporting youn9 people and families to reach their full potential IhroLJgh tailored support. Awards For All.. Represents funds restrioled to be expended towards supporting young people's well- b8ing and life chances IhrDugh combating isolation and building rgsillencp. Household Support Fund- Represeftls funds restricted lo b8 expended lowaids those in fin8n¢ial hardship who are facing signilicanlly rising living costs. Sulfolk PCC Fund- R8pr8senls fL¢nds restricted to be expended towards youth arts proj8Cts in Haverhill lo reduce and wevent anti-social behaviour. Winter Support- Represents funds reslrioted to be expended towards combating the cost of living Crisis, and helping families lo keep warm. Football Project.. Represents funds lo help young people engage in sport. The following restricted projects have been completed." Signpost IC04JpI= R8pr8sents funds given for mulli-year Signpost project from Co-op Local Community Fund. Signpost (West Suffolk Councill.. Reprèsenis fur¢d5 given for mulli-year Signpost project from Wesl Suffolk Council. Walk & T81k- RepSentS funds given for mulli-year Walk & Talk Project giant funding from Public Mental Health Programme. Purposè of designated funds.. Propgrty and repairs resgrves.. Represents a fund set aside for future property Tepairs. As at each year end dale amountg arè transferred lo and from this fund lo Stngthen its position in anticipation of fulure costs towards energy efficient expenditure as necessary and where possible. 18
Haverhill Community Trust Notes to the financial statements f¢ontinued) Year ended 31 March 2025 15. Analysi5 of net a5Stts bètween funds As at 31 March 2025 Unrestrictèd Funds R8striclerJ Funds Endowment Total Funds Funds 2025 Tangible fixed assets Nel ¢urrenl assets 6.950 13.3831 358.500 365,450 84.760 88,143 Netassets 3,567 88.143 358,500 450,210 As at 31 Maich 2024 Unrestricted Funds Restricted Funds Endowment Total Funds Funds 2024 Tangible fixed assets Nel current assets 8.688 358,500 367,188 73,816 73,730 Net assets 8,774 73,730 358,500 441,004 16. Rel8tod parti•s Haverhill Town Council, the Trustee is a relat8d party. During the year the charity received amounts lolalling £244,20012024.. £101,699) paid amounts for services and 8xp8nses of £268.76412024.' £107,162). In¢luded in debtors at thè yèar end is a balance of £50,798 12024.. £26,234) due from H¥verhill Town Council. All other related party transactions are otherwis8 disclosed in the notes lo the financial statements. Th8r8 were no other related party transactions in this or the prior year. 19-