Charity Registration No. 301887 ## **THE WARREN CENTRE** **ANNUAL REPORT & UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** **1 |** P a g e ## **THE WARREN CENTRE** ## **CENTRE LEGAL AND ADMINISTRATIVE INFORMATION** Trustees Cynthia Gostling Lea Pridgeon Jess Coughtrey Belinda Harvey Charity number 301887 **2 |** P a g e ## **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| **3 |** P a g e ## **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 **4 |** P a g e ## **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: **5 |** P a g e ## **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. **6 |** P a g e ## **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| **7 |** P a g e ## **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** **8 |** P a g e 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: **9 |** P a g e 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| **10 |** P a g e ## **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| **11 |** P a g e |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 **12 |** P a g e ## **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. **13 |** P a g e 141 Page lrnl•p•t)d•nt •X*7Mn•ffs rwx)n * th• trust••$ 0¢ Th• IV•rym C•n*• Ch￿ty¢￿¥9.. **••n I￿￿rtIO fftthes onmy ol Th• W*Mn Cetxre th Chatyj rtytr•J•w •n 31 Al*ch 2025. RupMslbHIrf•s offrnport rnqutrg￿s ofine Ch&rt*sA¢t 2011 Ithe ￿t). l rnport oftl* Cl•b carf•d¢Xt 145 ollhe 2011 Art a in ¢anyfftg t￿lmY exam*y8tiffi i babe f0kn1vd￿ the aKwIKat4e gN•n by its Ch4r*y undersecton f4S15)(OJ oltlx Act. Indiip•thy Ex•pJkn•f5 Stai•m•t Ihave byeXaM￿atth. I that to ry ait•rtth w*h th• •xarnin*￿ gwitw me to b*JeM• th• a¢c(4mts (i) tX)fftWy WIPJ Ihe aPPlrats*i rwJir*ykn7ts fomi arnl ¢ acco{￿ts set Outin the Chanh*s (AcC£￿￿ts arrd RsFoisJ 2CQ8 ityan •ry rnotsw¥m•ntlhal tlx¥ 4cc(¥Jms lm 8 wljth iii •$ p•t IPDJ 0*8.. 7wir26 151 Page