BOLDON COMMUNITY CENTRE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
BOLDON COMMUNITY CENTRE
INDEX TO THE FINANCIAL STATEMENTS
| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Details | 4 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| NotestotheFinancialStatements | 5-9 |
BOLDON COMMUNITY CENTRE
LEGAL AND ADMINISTRATIVE DETAILS
Boldon Community Centre is registered with the Charity Commission (Registration number 506668)
Address of Charity: New Road Boldon Colliery Tyne and Wear NE35 9DZ
Trustees: Alan Leslie Joan Marriott - LEA Gordon French Helen Reay Alan Daw
Secretary Susan Topping
Independent Examiner: J Wallage FCA CISWO (Trading) Ltd The Old Rectory Rectory Drive Whiston ROTHERHAM South Yorkshire $60 4JG
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOLDON COMMUNITY CENTRE
| report to the Trustees on my examination of the accounts of the above named charity (registered no. 506668) for the year ended 31 March 2025 which are set out on pages 3 to 9.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).
| report in respect of my examination of the Trustees’ accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the charity's income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
! have completed my examination. | confirm that no material matters have come to my attention in comnection with the examination giving me cause to believe that in any material respect:
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(1} accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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(2) the accounts do not accord with those records; or
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(3) the accounts do not comply with the applicable accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair view" which Is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached,
sven MOLLE 95] 1 |,[2025.] . J Wallage FCA Date On behalf of CISWO (Trading) Ltd The Old Rectory Rectory Drive Whiston Rotherham South Yorkshire $60 4JG
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BOLDON COMMUNITY CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|General|Section|Restricted|Total|Total|
|Fund|Funds|Funds|2025|2024|
|As|Restated|
|NOTE|£|£|£|£|£|
|Income|and|Endowments|
|Activities|2|163,632|3,802|-|167,434|157,161|
|Membership|fees|13,862|-|“|13,862|13,327|
|Photocopier|134|-|-|134|32|
|Bank|interest|receivable|825|~|-|825|664|
|Other|income|506|~|-|506|332|
|Village|Hall|17,805|-|-|17,805|6,113|
|Grant|income|10|-|-|-|-|4,800|
|Coffee|Bar surplus|3|57,408|~|-|57,408|34,932|
|Bar|surplus|4|23,400|-|~|23,400|15,477|
|Early Years|11|-|244,403|-|241,403|114,555|
|Income|on|sections|11|-|52,468|-|52,468|39,448|
|Total|income|277,572|297,673|“|575,245|383,838|
|Expenditure|
|Direct|Charitable|Expenditure|
|Levy|80,000|-|-|80,000|86,376|
|Repairs,|maintenance|and|cleaning|5,891|-|-|5,891|15,254|
|Insurance|,|3,348|an|-|3,348|3,085|
|Grant|expenditure|10|~|-|“|~|4,800|
|Depreciation|5|1,718|-|100|1,818|3,018|
|Other|expenses|5,460|-|-|5,460|5,105|
|Village|Hall|13,068|~|~|13,068|6,212|
|Outgoings|on|Early Years|11|-|214,450|-|214,460|110,694|
|Outgoings|on|sections|14|-|72,313|-|72,313|34,272|
|109,485|286,763|100|396,348|268,816|
|Management|and|Administration|
|Wages|129,400|-|-|429,400|128,409|
|Telephone|and|office|expenses|2,610|-|-|2,610|3,596|
|Accountancy|2,805|“|-|2,805|2,658|
|Professional|Fees|12,325|-|“|12,325|-|
|Total|Expenditure|256,625|286,763|100|543,488|403,479|
|Net Income|/|(Expenditure)|for the|year|20,947|10,910|(100)|34,757|(19,641)|
|Prior Year Adjustment|12|-|-|~|-|(8,094)|
|Balances|brought|forward|at|1|Apri]|2024|79,475|71,338|2,510|153,323|184,058|
|Balance|carried forward|at|31|March|2025|100,422|82,248|2,410=|185,080|=|[153,323]|
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BOLDON COMMUNITY CENTRE
BALANCE SHEET AS AT 31 MARCH 2025
| NOTE | 2025 | As | 2024 Restated |
||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| FIXED ASSETS | 5 | 5,454 | 7,272 | ||
| CURRENTASSETS | |||||
| Stock | 6 | 6,680 | 7,414 | ||
| Debtors and prepayments | 7 | 9,166 | 2,837 | ||
| Cash at bank and in hand | 8 | 324,262 | 316,150 | ||
| 340,108 | 326,401 | ||||
| LESS: CURRENT LIABILITIES | |||||
| Creditors falling due within one year | 9 | (160,482) | (180,350) | ||
| NET CURRENT ASSETS | 179,626 | 146,051 | |||
| TOTAL NET ASSETS | 185,080 | 153,323 | |||
| FINANCED BY: | |||||
| Unrestricted Funds | 100,422 | 79,475 | |||
| Section Funds | 11 | 82,248 | 71,338 | ||
| Other restricted funds | 2,410 | 2,510 | |||
| 185,080 | 153,323 |
The accounts were approved by the trustees and signed on their behaif by:
RWS Signed - Trustee
ET ee Print name - Trustee
Rio] 2OQS a.
|
Date
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BOLDON COMMUNITY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACGOUNTING POLICIES
a. Basis of preparation and assessment of going concern
The financial statements have been prepared under the historical cost convention unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities {(FRS 102), the Financial Reporting Standard (FRS 102) and the Charities Act 2011.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees have a reasonable expectation that the charity has adequate reserves to continue in operational existence for the foreseeable future. Accordingly the trustees continue to adopt the going concem basis in the preparation of the accounts.
b. Income Recognition
Income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations are recognised when they are received.
c. Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, itis probable that settlament will be required and the amount of the obligation can be measured reliably, All expenditure is accounted for on an accruals basis.
d. Depreciation
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Depreciation is provided on all fixed assets and aims to write off the cost of the assets over their estimated useful lives. The annual rates of depreciation applied are as follows:
| Buildings | - | 15% straight line basis |
|---|---|---|
| Fixturesandequipment | - | 25%reducingbalancebasis |
e. Stock
Stock is valued and the lower of cost and net realisable value. Cost is invoice price with no addition for overhead expenses.
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BOLDON COMMUNITY CENTRE
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2025 | As | Restated | ||||||
| 2. | ACTIVITIES INCOME | £ | £ | |||||
| Sauna | 928 | 1,385 | ||||||
| Squash | 3,535 | 4,614 | ||||||
| Snooker | 7,842 | 5,965 | ||||||
| Swimming | 23,047 | 23,452 | ||||||
| Gym | 34,501 | 31,458 | ||||||
| Room hire | 48,716 | 47434 | ||||||
| Sports Hall | 21,988 | 19,853 | ||||||
| Entrance Fees | 23,075 | 19,750 | ||||||
| 163,632 | 153,941 | |||||||
| 2025 | 2024 | |||||||
| As | Restated | |||||||
| 3. | COFFEE BAR | £ | £ | £ | £ | |||
| Sales | 425,433 | 147,448 | ||||||
| Less: Cost of Sales | ||||||||
| Opening stock | 2,072 | 1,502 | ||||||
| Purchases | 66,966 | 108,673 | ||||||
| 69,038 | 110,175 | |||||||
| Less: Closing stock | (2,517) | (2,072) | ||||||
| (66,521) | (108,103) | |||||||
| GROSS PROFIT | 58,912 | 39,345 | ||||||
| Less: Expenses | ||||||||
| Repairs/Cleaning | 1,504 | 4,413 | ||||||
| 7 | st~<C«s~‘:‘« | |||||||
| (1.504) | LSANB+Y | |||||||
| SURPLUSFORTHEYEAR | 57,408 | 34,932 |
6
BOLDON COMMUNITY CENTRE
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|4,|BAR ACCOUNT|2024|
|2025|As|Restated|
|£|£|£|£|
|Bar|takings|42,452|51,423|
|Less:|Cost|of|Sales|
|Opening|stock|§,342|6,214|
|Purchases|(net|of discounts|received)|17,583|33,446|
|22,925|39,660|
|Less:|Closing|stock|(4,163)|(5,342)|
|(18,762)|(34,318)|
|GROSS|PROFIT|23,690|17,105|
|GP%|55.80%|33.26%|
|Add:|Other|Income|
|Pool|table|-|-|
|Other|income|-|-|
|Less:|Expenses|
|Repairs/Cleaning|290|1,628|
|{290)|(1,628)|
|SURPLUS|FOR|THE|YEAR|23,400|15,477|
|Fixtures|&|
|Equipment|
|5.|FIXED|ASSETS|£|
|Net|book|value|brought|forward|as|at|1|April|2024|7,272|
|Additions|in|year|-|
|7,272|
|Depreciation|charge|for|the|year|(1,818)|
|Net book|value|carried|forward|as|at|31|March|2025|5,454|
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BOLDON COMMUNITY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)
| 2024 | |||
|---|---|---|---|
| 2025 | AsRestated | ||
| 6. | STOCKS | £ | £ |
| Coffee Bar/Catering stocks | 2,517 | 2,072 | |
| Bar stocks | 4,163 | 5,342 | |
| 6,680: | 7,414 | ||
| 7. | DEBTORS | ||
| Amounts receivable in oneyear | |||
| Trade debtors | 7,857 | 1,885 | |
| Prepayments and accrued income | 1,309 | 952 | |
| 9,166 | 2,837 | ||
| 8. | CASH AT BANKAND IN HAND | ||
| Bank current account | 264,282 | 254,104 | |
| High Interest account | 56,390 | 55,566 | |
| Cash and Card | 3,590 | 6,483 | |
| 324,262 | 316,156 | ||
| 9. | CREDITORS: Amounts falling due within one year | ||
| Trade creditors | 3,260 | 7,866 | |
| Other creditors and accruals | 107,470 | 119,307 | |
| Amounts owed to council for school hire | 5,114 | 16,266 | |
| VAT Account | 44,6414 | 36,911 | |
| 160,482 | 180,350 |
10. GRANTS
There were no grants received during the year.
At the balance sheet date the charity was holding unspent grant monies totalling £291 from the Community Fondation Willand Trust. This sum will be utilised in the coming year on works to the Coffee Bar.
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BOLDON COMMUNITY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARGH 2025 (CONTINUED)
11. MOVEMENT ON SECTIONS
| Balance | Adjust- | Balance | |||
|---|---|---|---|---|---|
| at 31.3.24 | Receipts | ments | Payments | at 31.3.25 | |
| £ | £ | £ | £ | £ | |
| Designated Funds | |||||
| Foodbank | 17,750 | 36,751 | (22,500) | 9,222 | 22,779 |
| Outdoor activities | 2,907 | 4,820 | - | 5,480 | 2,247 |
| Netball | 140 | - | - | - | 140 |
| Model aircraft | 217 | - | (200) | ~ | 17 |
| Carpet fund | 1,576 | 335 | - | - | 4,911 |
| Boxing | 10,099 | 1,566 | - | 1,050 | 10,615 |
| Archery | 2,367 | 1,153 | - | 2,378 | 1,142 |
| C A Bowls | - | 1,400 | - | 500 | 900 |
| Events Fund | 5,655 | 6,088 | - | 6,689 | 5,054 |
| Building | 22,691 | 355 | - | 20,594 | 2,462 |
| Room Hire Deposits | 60 | 3,802 | - | 3,700 | 162 |
| EarlyYears | 7,876 | 241,403 | (10,140) | 204,310 | 34,829 |
| 71,338 | 297673 | (32,840) | 253,923 | 82,248 |
- PRIOR YEAR ADJUSTMENT
During the preparation of the financial statements for fhe year ended 31 March 2024 it was noted that the charity became fiable to account for VAT on some of its activities. Calculations of the VAT due have now been undertaken and accounted for within the figures presented in the Statement Of Financial Activities. An amount of VAT is also due for the year ended 31 March 2023, this has been included as a prior year adjustment of £8,094.
13. CONTINGENT LIABILITY
As referenced in note 12, the charity is now registered for VAT and is accounting for VAT on its activities where required. Due to the charity registering outside the required timeframe interest and penalties on VAT paid late may be payable. At the time of signing these financial statements the amount of interest and penalties is not known and has therefore not been included within the VAT creditor.
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