2025-03-31-accounts

Charity Registration No. 301887

THE WARREN CENTRE

ANNUAL REPORT & UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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THE WARREN CENTRE

CENTRE LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Cynthia Gostling Lea Pridgeon Jess Coughtrey Belinda Harvey

Charity number 301887

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THE WARREN CENTRE

CONTENTS

	Page
Trustees report	4-5
Statement of fnancial actvites	6
Balance sheet	7
Notes to the accounts	8-13
Independent Review Sign Of	14

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THE WARREN CENTRE

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and accounts for the year ended 31 March 2025

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Trust's deed, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Objectives and activities

The Warren Centres objects are to provide facilities in the interests of social welfare, recreation, and leisure time, with the object of improving the conditions of life for the inhabitants of Micheldever Station. Also, for the advancement of education and public benefit of the community, inhabitants, and neighbourhood, without distinction of age, sex, political or religious views or other opinions, by providing opportunities of social, health and educational benefit. There has been no change in policies during the year. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities they should undertake.

Fundraising

The Warren Centre has facilitated various Community Events throughout the period, mainly the Ellis Memorial Event, with activities and stall for the local community Societies. The Local Public House closed in this period for six months. Pub Quizzes, games, and a social were held in the hall, free of charge, for the pub regulars. Facilities are provided for the printing of the Parish Magazine. Further funding has been obtained from licensee arrangements. Further income and Gift Aid has been generated from donations for on-site parking. The Warren Centre continues to rent out Its hall for local societies, Ballet and Pilates classes and playing field/football pitch, Winter and Summer to raise income. The Charity has met its objectives in so much it has helped facilitate local social and educational events.

Financial Review

The main hall was refurbished in 2018 which was funded by a grant and reserves. The income generated from all sources has been more than enough to meet expenditure and allow for unexpected costs. The Hall floor was refurbished paid from our own funds and a grant from the local Parish Council. The current account and Reserves are sufficient to enable the planning of further maintenance in the next financial year to repair and reinsulate the roof of the hall and look for an environmentally sympathetic solution to replacing the Hall Heating.

Structure, Governance and Management

The Trust was established by a charitable trust deed on 1st July 1971. The Trustees who served during the year were:

Cynthia Gostling (Chair)

Allan Croombs (until September)

Jess Coughtrey

Lea Pridgeon

Belinda Harvey

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THE WARREN CENTRE

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The Recruitment and Appointment of Trustees .

The existing Trustees are responsible for the Introduction and recruitment of new Trustees, therefore seeking to make the Board of Trustees more representative of the local Community. New trustees will be introduced and Trustees confirmed at the AGM.

The Organisation Structure of the Community Association

The Trustees of the Charity are jointly responsible for general control and management of the centre.

Trustees undertake their role in a voluntary capacity, giving their time freely and without remuneration or reward.

The Trustees meet monthly as the General Management Committee of the Charity and are jointly responsible for taking all decisions relating to the running and management of the centre, together with the Community facilities and activities provided by 3rd parties to the centre.

The Trustee’s report was approved by the Board of Trustees.

Cynthia Gostling

Trustee

Dated:

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THE WARREN CENTRE

STATEMENT OF FINANCIAL ACTIVITIES

INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Notes Income From: Donatons & Legacies 2 Charitable Actvites 3 Other Trading Actvites 4 Finance Income Total Income Expenditure On: Charitable Actvites 5 Net (expenditure)/income for the year/Net Movement in Funds Fund balances at 1 April 2024 Start of year Fund balances at 31 March 2025 End of year	Unrestricted Funds Restricted Funds Total 2025 This year Total 2024 last year £ £ £ £ 1,286 0 1,286 2405 13,171 0 13,171 13,158 19,482 0 19,482 18.730 264 0 264 140
	34,203 0 34,203 34.433
	24,217 0 24,217 20.347
	9,986 0 9,986 14,087 43,823 421 44,244
	53,809 421 54,230 44,244

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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THE WARREN CENTRE

BALANCE SHEET

AS AT 31 MARCH 2025

Non-Current Assets Tangible Assets 7 Current Assets Cash at bank and in hand Debtors Creditors: amounts falling due within one year 8 Net Current Assets Total assets less current liabilites Creditors: amounts falling due afer more than one year 9 Net Assets Income Funds Restricted Funds Unrestricted funds	£ 48,034 (3,329)	2025 £ 281,680 44,705	£ 39,677 (3,329)	2024 £ 288,722 36,348
		326,385 272,155		325,070 280,826
		54,230		44,244
		421 53,662		421 43,823
		54,230		44,244

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THE WARREN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity Information

The Warren Centre is an unincorporated charity registered in England.

1.1 Accounting Convention

The accounts have been prepared in accordance with the Charities Act 2011 and Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (as amended for accounting periods commencing from 1 January 2016). The Warren Centre is a Public Benefit Entity as defined by FRS102.

The Warren Centre has taken advantage of the provisions in the SORP for charities applying FRS102 Update Bulletin 1 not to prepare a Statement of Cashflows

The accounts are prepared in Sterling, which is the functional currency of the Warren Centre. Monetary amounts in these financial statements are rounded to the nearest £,

The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going Concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the Warren Centre has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparation of the accounts.

1.3 Charitable Funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

1.4 Incoming Resources

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Income is recognised when the Warren Centre is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

THE WARREN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting policies (continued)

Cash donations are recognised on receipt. Other donations are recognised once the Warren Centre has been notified of the donation unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Warren Centre has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

The turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

1.5 Resources Expended

Expenditure is recognised on an accrual basis as a liability is incurred. It includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with attracting voluntary income and the cost of fundraising.

Charitable activities comprise of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly.

1.6

Tangible fixed assets

Tangible fixed assets are initially measured at costs and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

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Land and Buildings 2% straight line Plant and Machinery 25% reducing balance

THE WARREN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting policies (continued)

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.0 Donations and Legacies

Donatons and Gifs 3.0 Charitable Actvites Charitable Actvites Grants Received Analysis by fund Unrestricted funds Restricted funds	2025 2024 £ £ 1,286 2,405 Hall Hire Grant Income Business Other Total 2025 Total 2024 £ £ £ £ £ £ 10,162 0 312 402 10,876 13,252 0 2,295 0 0 2,295 0	2025 2024 £ £ 1,286 2,405
	10,162 2,295 312 402 13,171 13,252
	10,162 0 312 402 10,876 13,252 0 2,295 0 0 2,295 0
	10,162 2,295 312 402 13,171 13,252

4.0 Other trading activities

Fund raising events Licence Income	2025 2024 £ £ 367 0 19,115 18,730
	19,482 18,730

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THE WARREN CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5.0 Charitable actvites General Actvites (see note 6) Building Projects 6.0 Support Costs Light and heat Cleaning Advertsing Refurbishment/ Maintenance Insurance Telephone/broadband Business Centre Sofware Other 7.0 Non-Current Assets Cost At 1 April 2024 At 31 March 2025 Depreciaton and Impairment At 1 April 2024	Land	2025 £ 9,541 4,407 0 6,721 1,510 651 0 811 576
		24,217
		352100 8404 360504
		63,378 8,404 71,782

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Depreciaton charged in the year At 31 March 2025 Carrying amount At 1 April 2024 At 31 March 2025	7,042 0 7,042
	70,420 8,404 78,824
	288,722 0 288,722
	281,680 0 281,680

THE WARREN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8.0 Creditors: amounts falling due within one year

Notes Loans 10 Accruals and deferred income 9.0 Creditors: amounts failing due afer more than one year. Notes Loans 10 Other Creditors 11 10.0 Loans and Overdrafs Loans Payable within one year Payable afer one year	2025 2024 £ £ 1,629 1,629 1,700 1,700
	3,328 3,328
	2025 2024 £ £ 15,475 17,104 256,680 263,722
	272,155 280,826
	2025 2024 £ £ 17,104 18,733
	1,629 1,629 15,475 17,104

The long-term loans are secured by fixed charges over the assets of the charity.

11.0 Other Long-term creditors

Other long-term creditors is the total restricted grants received for the Warren Centre of £327,100 less depreciation of £7042 per annum, the balance at the end of the year was £249,638

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12.0 Employees

There were no employees during the year.

THE WARREN CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

13.0 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the year, no Trustees were reimbursed for travel expenses.

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