Charfty Roglstratlon No. 521467 MEASHAM COMMUNITY & RECREATION CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
MEASHAM COMMUNITY & RECREATION CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Measham Parish Cwncil Charlty number 521467 Roglsterod offlce High Street Measham Swadlincote Derbyshire DE12 7HR Accountants TaxAssist Accountants 2B Derby Roay Ashby De La Zouch Leicestershire LE65 2HE
MEASHAM COMMUNITY & RECREATION CENTRE CONTENTS Pa Trustees report Independent examiners, report Statement of financial activities Summary income and expenditure account Balance sheet Notes to the accounts
MEASHAM COMMUNITY & RECREATION CENTRE TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trusts present their report and accounts for the year ended 31 Mah 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Companies Act 2006 and the Statement of Recommended Practs'ce, "Accounting and Reporting by Charities" issued in March 2005. Structur•, governance and management The Measham Community & Recreation Centre is consts'tuted urKler a a trust of deed dated 131h May 1965 and is a registered charity number 521467. The Trustees has assessed the major risks to which the Charity is exposed and are satisfEd that systems are in place to mits'gate exposure to the major risks. OBJECTIVES AND ACTIVITIES The Objects'ves of the Charity in the period under review are. in the interest of s(Kial welfare, to improve the conditions of life of the inhabitants of the area by the provision and maintenance of a community hall and recreation ground. The Trustees have paKI due regard to guidance issued by the Charity Commission in deciding what activities they should undertake. FINANCAL OBJECTIVES It is the policy of the that unrestricted funds which have not been designated for a specific use should be maintsined at a level equivalent to between three and six month's expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a snIfAnt drop in funding, they will be able to continue the current activities while consideration is given to ways in which JditFonal funds may be raised. This level of reserves has been maintained throughout the year. On behalf of the board of Trustees '. Trustee Dated..
MEASHAM COMMUNITY & RECREATION CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MEASHAM COMMUNITY & RECREATION CENTRE I report on the accounts of the for the year ended 31 March 2025, which are set out on pages 3 to 9. Respectlve responslbllftles of Trustees and oxamlner The Trustees. who are also the directors of Measham Communty & ReCreatn Centre for the purposes of company law, are resp)nsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, the 2011 Act, and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under cornpany law and is e1ible for independent examination, it is my responsibilty to: (i) examine the accounts under section 145 of the 2011 Act; (li) to follow the procedures laid down in the general Directions given by the Charity Cornmission under section 145(5)(b} of the 2011 Act. and (iii) to state whether particular matters have come to my attention. Bas18 of Indopondent examIne$ report My examinaty'on was carried out in accordan with the general Directions given by the Charity Commission. An examination includes a review of the a(xounting records kept by the charity and a comparison of the accounts presented with those records. It also includes constderation of any unusual item5 or disclosures in the accounts. and seeking explanations from you as truStS concerning any such matter5. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and frair view, and the report is limited to those matters set out in the statement below. Indepondent examlnorfs 8tst•m•nt (a) which gives me reasonable cause to believe that in any material respect the requirements.. (i) to keep accounting records in accordance with section 386 of the Companies Act 2006., and (li) to prepare accounts which accord wtth the accounting records, comply with the accounting requirements of 396 of the Companies Act 201A and with the methods and principles of the Statement of RecomTrnded Practice.. Accounting and Reporting by Charities,. (b) to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. TaxAssist Accountants 2 Derby Road Ashby De La Zouch LeIStershire LE65 2HE Dated..
MEASHAM COMMUNITY & RECREATION CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrn8trlct•d Retrfct Endowmant funds funds funds Total 2025 Total 2024 Note• Incomin resources from enernted fund8 Activities for generating funds Investrnent income 223.565 2,571 226,136 185,341 Incoming resources from charitable acts'vities Total In¢omlng re8ourc•s 223,565 2,571 226,136 165,341 Resources ex nded Costs of generating lund8 Fundraising trading.. costs of goods sold Net Incomlng resources avallablo 223,565 2,571 226,136 165,341 Charltable actlvltlos Sports Facilities Govemance costs 276,154 1,771 277,925 202,045 Total resource¥ •xp•nded 276,514 277,925 202,045 Net movement In funds (52,.589) (51,477) (36,704) Fund balances at 1 Apnl 2024 1.167.249 546 1.167.795 1.204,498 Fund balan8 at 31 March 2025 1.114.972 1,116,318 1,167,795
MEASHAM COMMUNITY & RECREATION CENTRE SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Total income 226.136 165,431 Total expenditure from income fijnds 277,925 202,045 Net expondlture I Income for the year (51,477) (36,704) STATEMENT OF RECOGNISED GAINS AND LOSSES Net expendlture for the year Net movement on endowment funds 123,833) (36,704) Note". Depreciation preSentS £27,332, (£27,644- 2024). (23,833) 136,704)
MEASHAM COMMUNITY & RECREATION CENTRE BALANCE SHEET AS A T31 MARCH 2025 2025 2024 Flxed assets Tangible assets 10 731,146 758,477 Current a88ets Stocks DebtOrslVp Cash at bank and in hand 2,000 266,842 133,302 2,000 289,808 121,750 402.144 413,558 Credltor8: amounts falllng duo wlthln one year 12 (16,971) (4,241) Net current assets 385.173 409,317 Total assets le88 current Ilabllltlas 1.116,319 1.167,794 Capltsl funds Endowment funds 546 Income funds Restricted funds 169.419 169.414 Unrestricted funds 946,354 997,830 1,116,319 1,167,794 The accounts were approved by the Trustees on ......................... Trustee
MEASHAM COMMUNITY & RECREATION CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountlng pollclos 1.1 Ba818 of preparatlon The accounts have been prepared under the htstorrAI cost convention. The accounts have been prepared in a¢xordance with applicable accx)unting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities., issued in March 2005 and the Companies Act 2006. 1.2 Tanglble flxod assets and depreclatlon Tangible fixed assets other than freehold land are ststed at cost less depreciatK)n. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as foll(AYs: Freehold land is not depreciated Freehold buildings Fixtures, fittings & equipment 2% on Cost 1 Ooh on reducing balance Trustees None of the Trustees (or any persons connected with them) 1Ved any remuneration during the year. Employee8 Employees during the Year . 5 Employment costs 2025 2024 Wages and salaries 104,912 65,424
MEASHAM COMMUNITY & RECREATION CENTRE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Tanglble FIX Assets Land and Flxtures, buiklings flttlngs & oqulpment Total C08t At 1 Aprll 2024 and at 31 March 2025 1.304,100 126.693 1,430,793 Dopreclatlon At 1 April 2024 Charge for the year 559,022 114.193 673,215 At 31 March 2025 585,104 115,443 700,$47 Net book valuo At 31 March 2025 At 31 March 2024 719.896 745,078 11,250 12,499 731,146 757,578 11 Debtors 2025 2024 Other debtors I WIP 266,028 285,256 Trade debtors 2,813 6,553 12 Credltorn: amounts falling due wlthln one year 2025 2024 Taxes and social security costs Other Creditors 2,042 14.929 1,851 2,390
MEASHAM COMMUNITY & RECREATION CENTRE NOTES TO THE ACCOUNTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 13 Analys18 of net a88ets between funds Total Fund balances at 31 March 2025 are represented by.. Tangible fixed assets 758,477 731,146 Current assets Creditors: amounts falling due within one year 413,558 402,144 (5.241) (16,971) 1,167.794 1,116,318