Annual General Meeting 24TH September 2024 Chairman's Annual Report Financial Year to 31 March 2024 Charity The Ellesmere Centre Charitable Trust Registration No 801728 The Ellesmere Centre Ley Road Stetchworth CB8 9TP Trustees Sandra WFlson Linda Dicker Lily Whymer Jane Courtney-moore Alan Sharp Richard Faircloth Jane Madsen Mark Groves Jules Armour Peter Mills resigned from the Trustees during the year Structure and Management The Ellesmere Centre Charitable Trust is a non-profit making community centre, comprising of meeting rooms, sports facilities, function halls, catering facilities and a licensed bar. The building also has outside sporting facilities and the main building accommodates the local post office, community shop, gym and beauty parlour. The charity is run by a Board of Trustees holding responsibility for the operation, financial management and maintenance of the centre.
The day-to-day operations are organised and managed by dedicated employees. Function and Purpose The Ellesmere Centre is at the hub of the community providing facilities to local villages and attracting those from further afield. The centre provides facilities to accommodate meetings, social events, arts groups, support groups, educational classes and many sporting activities. The Centre hosts the Ellesmere Devils Panto Group who have performed here for over 20 years. The centre is able to bring together those from all walks in life, including the elderly, family groups and those with special needs and as such the Centre is able to promote healthy liviog and wellbeing, social cohesion and encourage education. The community shop, run by volunteers and the post office provide a much-needed facility for the local and wider community. Report The Centre continues to thrive with many new classes/activities offered. Our chair-based activity classes remain very popular and we now host a chair based yoga class. We have a new drama class for children starting and also now have a non-walkers baby group. The community café is open two days weekly and well attended; we may increase the days over the winter. We are pleased to announce that we will be hosting a farmers market every other month from next March. Our summer show is always very successful as is the craft fayre held in November and our music nights are well supported. It should be noted that we couldn't run these events without the continued support of our volunteers. The sharing shed, introduced this year, has proven to be very successful.
We continue in our endeavour to focus on green energy, particularly important with the rising fuel costs. Our major plan remains the redevelopment of the squash court area and the planning for this has begun in earnest. Finances For the time being our finances are healthy, but we are mindful that we must ensure our continued footfall and income increases to cover rising costs. Our Accounts are available for inspection. In closing, I give my sincere thanks to wy fellow Trustees who have given their continued support and time to the benefit of the Centre. We were very sad to lose Pete Mills from the trustees earlier in the year and thank him for all his hard work, time and support he has given over the years. I'm also sorry that we are losing Jane Courteney-moore and Linda Dicker as trustees and thank them for all their time and support given. Very special thanks to our wonderful band of volunteers and to our committed, excellent staff for all they do over and above their duties to ensure this amazing facility continues to prosper and grow. Sandra Wilson Chairman for the Board of Trustees
Charlty Number . 801728 THE ELLESMERE CETh CHARITABLE TRUST UNAUDrrED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE ELLESMERE CEiYfRE CHARrrABLE TRUST CONTEKrs Pag¢ Reference and admmistTative detai18 of the chan'ty, its trustees and advisers Tnte¢s, report 24 Independent Examinevs Report 5-6 Stat¢ment of Fu]ancial Activities Balance Sheet Notes to the Financial Statements 9-15
THE ELLESMERE CENfRE CHAIUTABLE TRUST THE REFERENCE AND ADMINtSTRATION OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Lily Pamela Wbymer Sandra Maria Wilsoll Linda Dicker Peter Mills Richard Faircloth Jane Madwen Alan Sharp Mark Groves Julie Am]our Jane Courteney-moore Charlty Reglstered Number 801728 Prlnclpal Offlee The Ellesmere Centre, Ixy Road. Stetchworth, Cambridgeshire. CB8 9TS Independent Examiner Th0nS Quinn. 15 Station Ro St Ives, Cambridgeshire. PE27 5BH Bankers Santander, 250 Stanley Road, Bootlc, Mcrseysidc. L20 3PQ Cambridge Building Society, 51 Newmarket Road. Cambiidg¢. CB5 8FF
THE ELLESMERE CENTRE CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Th¢ TntteS Present their annual Teport togcthu the financial ststements of The Ellesmere Ccntre Charitsble Tiust for the year ended 31 March 2024. Tbe Tnte¢S confirni that the anDual report and the financial statejnents of th¢ charity Con]Y with the Cllent statutory rquirements, the requirements of the charitys governing document and the provisions of the Accounting and Reportjng by Charities.. Ststcment of Recomrnendcd Practice applicable to charits'es preparing theiT accounts in accordance with the Financial Reportwg standard5 apphcablc in the UK and Republic of Iieland (FRS 102 effe¢tivc I January 2015). STRUCTUR4 GOVERNANCE AND MANAGEMENT . Con8tltution The charity wa5 established for the purpose ora Commumty Centre to benefit the inhabitants of the Parish of Stetchworth the neighbouring Parishes of Burrough Green (Brinkley), Dullingham. Kirtlin& Woodditton and the hamlet of We8lley Waterless, by associating the Local Authorities voluntary organisation and the inhabitants iu a common ¢ffort to 8dvance education and to provide facilities in th¢ interests of social wclfare incluth'ng use for meetings. le¢tures and classes and other forn of Tecreats"on Bnd leisure-ttme occupation. Acn'vities at the Centrc includ¢ calpei bowls, tennis and gardeii club8. TlieTe are facilities for squash, badmmton. football and ho¢kcy as well as dance and fitness clasw. Th¢ charity is governed by a trust deed dated 8 May 1989. annded by schemes dated 30 May 1991, 15 August 2003, and i o rebrLWy 2004. The charity entered into a 99 year lease with Sletrhworth Parish Council on 9 May 1989. No rent is due and therefore no Icas¢hold commitment note is included within these accounts. In return for the use of the Centre, th¢ charity undertakes to maintain the lobric of the building and to meet the day-to4ay runni c09ts of thc property. b. Method of appolntmeDt or elecdon of Trustees The managenirnt of th¢ cbarity is the responsibility of the Trustces who are elected and ¢OwOPted under the tern of the Trust deed. The Trustees are appointed by the board of the Trustees and serv¢ from the end of the Annual General Me¢ting to tlie next Annual G¢ueral Meets'ng but they may be r¢-¢lected or re-appointed under the t¢nns of t Trust deed. c. Org*nls#tlonal structure ind detlslon Dkfg The Management Committee meet monthly. Reports are submitted by the staff TespoL8ibl¢ for the day-to-day running of the ccntre. All decisions are mad¢ with approval of lh¢ Trustees. SUb-up& meet when required and report back to the Trustee5. d. Rtsk Management The TrustC¢5 have assessed the major risks to which the charity is expose¢ in particular those Telat¢d to the operations finances of the charity, and are satisfi¢d that sygtenLS and procedures are in place to mitigate exposure to major rjsks.
THE ELIsMERE cRE CHARrfABLE TRUST TRUSTEES, REPORT (conthilled) FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTivrriES a. PolleRe& and objectives The charitys policy and objective8 are to Ternn solvent and maximise facillties. b. Public benellt The Trustees tonfirni that they have complied with the thity in Section 17 of the Chants¢s Acl 2011 to have due re8.d to the Charity Conunission's general guidance on public benefit. The Ellesmere Centre Charitable Tnt is a regiSt¢d charity whose charitable purpose is to provide leisure and sports facilities to the local community and surrounding area. The charity achieves publi¢ benefit by proNryding facilities in whicb meD)bers of the local community can participate in sports, recreutional clubs and othei. such activitics. ACHIEVEMENfs AND PERFORMANCE a. Revlew of Pdctlvltles The Tntee8 are.qatisfied with the results for Ihe YUT as Shovrn on thc Slatement of Financial Activities. Th¢ process of r¢fiwbishment of the Centre has ¢ontinucd. The c¢ntr¢ strivcs to introduce new acts"viti&classes to enhance its trading aJJd to encompass those from all walks of life. FtNANCIAL REVIEW . Re8erve8 Poll¢y It is the policy of the charity to maiTttsin unTestricted funds, whi¢h are the free reeeS of the charity. at a l¢vel whtch equates to &pproximat¢ly six months of unrcstricted expenditure. Tkn's provides sufficient ndS lo cov¢r nornial operational support ¢osts and to respond to applications for grants whxch arise from time to time. b. PrIne1p fundlng The Celltre's principal funding from income gencrnied from the use of the Centre's facilities and from acts'vities held at the Cents'e. Tlie Centr¢ also receives small grants from East Cambridgeshire DtrICt Council and donations from a number of thc Parish councils whose residents it provides facilities for. PLANS FOR THE FUTURE . Futhre developments Th¢ trustees plan to continue witb the developmenl of the squash ¢ourst area to add firther much needed function roon to h¢lp with demand. The development and improvement of the bar area ren]ains 8 priority.
THE ELLESMERE CENTRE CHARJTABLE TRUST TRUSTEES, REPORT (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 Trustees, responsibillties statement The Trustees are responsible for Preping the Tntstees, ryort and the financial statements in accordance with applicable law and United KTngdom Accounting Standards (Unit¢d Kingdom Generally Accepted A¢¢ounting Practsce). The law applicable to charitics in Eng]and and Walcs requires the Tnte¢S to prepare financial statements for each financial ye8r. whicb ve a true and far view of the statc of affairs of the chanty and of the irlcoming resources and applicalion of resources of the charity for that pcnod. tn preparing these finan¢ial statellnts. the Trustees are required to: Select suitable accounttng policies and apply thern consistently. Obs¢rv¢ the methods and priDciples in the Charities SORP; - Make estimates and judgements that are reasonable and prudent. - Prepare fmala1 statcmenL8 on the going concern basis unless rt is uwjpropriatc to preswne that thc charity will continue in operation. The Trustees are r¢sponsible for keeping a¢collntJng records that disclose, with reasonable accuracy at any time, the financial position of d)e charity, thereby enabling them to ensure that the financial statemrnts comply with the Charities Act 20 I I, the Charity (Accounts and Reports) Regulations 2008 ajd tbe provision of the trust deed. The Tntte$ are also responsible for safeguarding the assets of the charity and hence for taking re&q)nable steps for the prevention and detection of fraud and other irregularities. This repon was approved by the Trnstees and signed on their behalf by: Satth Wilson Date
THE ELLESMERE CENTRE CHARrrABLE TRUST INDEPENDENf EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examiner's report to the Trnstees of The Ellesmere Centre Charltable Trust We report on the fman¢ial ststements of the charity for the year ended 31 March 2024 which are set out on pages 7 to 15. This report is made solely to the ¢haitys Trustces, as a body, in accordance with scction 145 of the Charities A¢t 2011 and regulatio mad¢ under se¢tiOD 154 of that Act. Our work has been undertaken so that we might stste to the charity'> Trust¢es those matters we arc required to stat¢ to them in an independenz examiner's Teport and foi. no other purpose. To the fullest ¢Ktent pemutted by law. we do not accepi or assume responsibility to anyone other tban th¢ charity and the ¢harity's Truslees as a body, for our work on this reporL Respeetlve rttpoDilbllldes of Trustees and examiner The Charity's Trustees are responsible for the preparation of the financial statements and they consider that an audit is nol required for this year und¢r section 144{2) of the Charities Aci 2011 (the Act) and thal an independent examinatson is n¢eded. Tt is our responsibility to.. - e%amine the financial stalemen(s under section 145 of thc Act" - follow the procedurc¥ laid down ID the general Directions giveD by the Charity Commission und¢r section 145(5)(b) of the ALt" and - state whether particular matters have come to our attentio Basis of Independent examlner'$ report Our examination was cairled out in accordance with thc Gcncral Directions Ven by the Charity Commission. That exarninatTon includes a review of the accounting records kept by the charity and a comparison of lh¢ financial statemcnts PT¢sented with thosc records. It also includes consideration of any unusual items or disclosures in the Financial Stst¢ment8 and seekin8 explanations from you as Trustees con¢eming such matters. The pro¢edures undertaken do tsot provide all the evidence that would be required in an audit, and consequently no opinion is Ven as to thether the financial ststement8 pr¢sent a true and fair vievl, and the report is limit¢d to thos¢ mailers ser out iii the sratement below.
THE ELLESMERE CENTRE cI[ARITABI TRUST INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 llldep¢ndent Examiner's statement In connection my examination no matter bas Con to our attentio {1) which gives reasonable cawe to believe that in any mateTial Tespeci the wuirements to keep accuunting records in accordance with seciion 130 of the Acl. and . to prepare Financial Statements which accord with the accouotmg records and conwly with the requirements of the Act have not b¢en mel or (2) to which. in our opiniot4 attention sbould be drawn in Order to enable a proper understanding of the accounts to be reached. THOMAS ouIFfN CHARTERED ACCOUNTANTS 15 STATION ROAD ST IVES CAMBRIDGESHIRE PE27 5BH DATE........,...
THE ELLESMERE CENfRE CHARITABLE TRUST STATEMENT OF FINANCIAL AcTIrIEs FOR THE YEAR ENDED 31 MARCH 2024 Restrlcted Funds Unrestrlcted Fund8 Total Funds Total Funds 2024 2024 2024 2023 INCOME AND ENDOWMENTS FROM Note DonatTons and legacies Fundraising activities Investment income Charitable activities 18,039 4,694 564 18,U39 4,694 19,742 2,961 68 81,613 TOTAL tNCOME AND EDOwMErS 113,106 113,106 104.384 EXPENDITURE ON: Ralslng lunds Fundraising expenses and other costs Charitable activities Governance costs 2.150 J19,742 1.150 119,742 2.486 111,273 3,631 TOTAL EXPEIYDJTURE 124 744 117390 NET (DEFtCIT)IINCOME 11.639) { 11,639) ( 13,006) RECONCILIATION OF FUNDS Total fimds at l April 2023 44.405 153,047 197,452 210,458 TOTAL FUNDS AT 31 MARCH 2024 44,405 141.408 185,813 197.452 It is not¢d that the tolal of Don4esignated ¢gsh fimds available to th¢ chan'ty at 3 1st Marcli 2024 is £87,085 (2023-.£71,569). The notes on pages 9 to 15 forni part of these financial stat¢ments.
THE ELLESMERE CENTRE CHARrrABLE TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxed Assets Tangible fixed assets 73,060 97,755 Current Assets Debtoi C48h al bank and in hattd- non dcsi8nated fidS Cash at bank and in hand- dcsignated funds 12 11,958 87,085 6,743 71.569 29.447 121255 107,759 Creditors: Amounts falllng due wltbln one year 13 Ntt Current Assets 1127S3 99,697 NET ASSETS 185 813 197,452 FUNDS Resti'icied funds Unrestt'icted funds 14 14 44,405 141408 44.405 153,047 185 813 197.452 The financial statements We approv¢d by the Trustees and signed on their bebalf, by.. Smndra Wilson The notes on pages 9 to 15 forn] part of the fllwicial staternents
THE ELLESMERE CENTRE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 1.1 BASIS OF PREPARATION OF FINcIAL STATEMENTS Tbe financial statements haN'e been prepared under the historical cost convention. with the exception of investments which are included at market value. and in accordance with Accounting and Reporting by Charitses.. StatLmcnt of Recomrnended Practice applicable to charities preparing thcir accounts in accordance with the Financial Reporting standards applicable in the UK and Republic of Ireland (FRS 102 ¢ff¢ctive l J8nuary 2015). 1.2 FUND ACCOUNTING General funds are funds WCh are av8ilable for use at the discretion of the Trustees in fiwtherance of the general objectives of the chaTity and which have not been designated for other pryse5. Designated fimds comprise unrcstrictcd fun&$ that have been set aside by the Trustees for particular purposes. The aim and usc of cach fund is set out in the notes 10 the fmancial statements. Investment income, gaiThs and losses are allocated to the appropriate f(mds. JJ INCOME All incoming resourc¢s are includ¢d in Ihc Statement of Fmancial A¢tivitses when the charity AS lega]ly entitled lo the inconke and the amount can be quantified with rcasonable accuracy. Gifts in kind donat¢d for distribution are included at valuation and reCognid as income when they are distributed to the proj¢cts. Gifts donated for resale are included as income wlien they are sold. Donated facilities are included at the value to the charity where thi5 Can be quantified and a third party is bearing the cost. No amounts are included in the financ7 statements for 5ervic¢s donated by volunteers. 1.4 EXPENDfnJR All expenditure is ac¢ounted for on an accruals basis and has been in¢luded under cxpense categories that aggregate all costs for alloution to activitses. Where costs cannot b¢ directly attributed to particular tiVitieS they have been allocated on a basis consistcnt w]th the w of the resources. Fundraising costs are those incurred in seekn'ng voluntary contribution$ and do not include the costs of disseminating inforn]ation in 6UPPQrt of the cbaritable adiviti¢s. Governance costs arc thosc in¢urr¢d in eonncction with the administration vf the charity and compliance with ConStitional and ststutory requirements.
io. THE ELIISMERE CENfRE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (continued) 1.5 TANGIBLE FtXED ASSETS AND DEPRECIATIO All assets costing more than £500 are cawtalisciL The Ellesmere Ccntre occupies both freehold and leasehold land and bwldings. Thc leasehold prop¢ty is owned by Stechworth Parish Cowjcil. The land and buildings arc not included in th¢ balance sbeet because of a lack ofreliable inforn]alion covering tkneir cost and Ongu1 fid8. The land and buildings forn) part of a peTmaneni endowment and cannot be sold. Tan¥ible fixed &sseLs are statcd at cost les8 depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected wefuj lives on the following bases.. Refurbishment of the ¢entre Fixtures & fittings Office equipment Over l O years Over 10 years Over 10 years DONATIONS AND LEGACIES Restricted Ilnrestrlcted Funds Funds 2024 2024 Totsl Funds 2024 Total Funds 2023 Donations Fccd In Tariff Grant from C8mbs Acre Grant from Newmarkel Festival Fund 8.670 3,589 5.780 8.670 3,589 5,780 7,711 3.426 5,005 3,600 19,742 INCOME FROM FUNDRAISING ACTtvmES Funds 2024 Funds 2024 Funds 2024 Funds 2023 Fundraising income 4,694 4,694 2,961 2,961 4. INVESTNIENr INCOME Restricted Unreytricted Funds Funds 2024 2024 Total Funds 2024 Tots Fund8 2023 Bank interest Buadins society interest 197 367 197 367 68 68
THE ELLESMERE CENTRE CHARITABLE TRUST NOTES TO THE FINANCIAL STATE1Ts FOR THE YEAR ENDED 31 MARCH 2024 tNCOME FROM CHARfTABLE AcrIvrriES Restricted UDr¢stricted Funds FuDds 2024 2024 Total Funds 2024 Total Funds 2023 Provision ot'commuwty and Sports Facdities 89,808 89,808 81,613 89,808 81,613 6. EXPENDITURE BY CHARrrABLE ACTIVITY SUMMARY BY FUND TYPE Rtstrlcted Unrestrlcted Funds Funds 2024 2024 TotAI Funds 2024 Tutal Funds 2023 PlVIsIon of Community and Sports Facilities 119,742 119,742 111.273 119742 119,742 111.273 DIRECT COSTS Fundralsing Costs 2024 Direct Costs 21)24 TDtAI Costs 2024 Total Costs 2023 Administration ¢xp¢nses Property costs Fundraising ¢osts Tutors fees Wages and qalarie$ Depre¢tation 16,459 25,237 J 6,459 2S,237 2,150 2,286 50,055 25,706 121892 13,48C) 14,704 2,48() 9,022 42,916 31.145 113,760 2.150 2286 50.055 119742 GOVERNANCE COSTS Restricted Unrestricted Funds Funds 2024 2024 Total Funds 2024 Total Fund¥ 2023 Bookkceping Fees Subscriptions Independent Examincr's Fee 1,015 431 1,406 1,1115 431 IA06 1,860 365 1.406 3,631
12. THE ELLESMERE CENTRE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 NET INCOME TS is stated after c1Wng. 2024 2023 Depreciation of tangible fixed assets owned by the Charity Independent Examincrfs Fee 25.706 1,406 31.145 1.406 During the year, no Trustees received any Tenwneration (2023 - £ Nil) During the year, no Trustees Teceived any benefits in kind (2023 - £ Nil) During the year one trust¢e w¢re reimbwsed for costs Tthich they had incurred on b¢half of the Centtr totalling £392. 10. STAFF COSTS Stsff costs were a3 follows". 2024 2023 Waseb and salaries 50,055 42,916 50.055 42,916 The average monthly number of employees durmg the year was as follows: 2024 2023 Mana8ement and administration No employees receivcd Temunwation amounttng to more than £60,000 in either ye. I I. TANC.IBLE FIXED ASSETS Refurblshment Fixtures of CeDtre fittIDgs Offlce eqvlpment Total Cost At l April 2023 Additions 307,467 103,9SO 594 5,625 416 417,042 At 31 March 2024 307,467 104J44 418,052 Depreeiatloll At l April 2023 Charge for the year 224284 23,047 91,923 3,078 389 319,286 At 31 March 2024 247J31 94,194 3,467 344,991 Iyet Book V81ue At 31 March 2024 io 60,136 50 73,060 At 31 March 2023 83,183 12.027 2.546 97.756
13. THE ELLESMERE CENTrE CHARITABLE TRUST r40TES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. DEBTORS 2024 2023 Trade d¢btor8 Prepayments Accrued income 4,974 6,784 200 3,009 3,734 6.743 13. CREDITORS: AMOUNTS FALLING DUE IN ONE YEAR 2024 2023 Trade creditors Other creditors Accruals 1291 4,549 1,791 5.379 892 8,062 14. STATEMENT OF FUNDS Brought forward Incoming Resources Resource8 Expended Transferi CArried forward DESIGNATED FUNDS Asts'oturf fuad Stage fimd Gymna8tics eqwpment Roof fund Small hall heating Floorin8 Break inlincreased security fund 19J04 706 114 6,587 535 385 1.816 2,908 (706) (114) (6,587) (535) (385) 22,212 GENERAL FUND.8 General Funds - all funds 123,600 113 106 119196 Totsl unrestricted funds IJ3 106 141408 RESTRICTED FUNDS Sports Hall refurbishment qnjall Hall refurbishment Balcony rcfurbishment Installation of solar pancls H¢ating and lightAng refulbishments Air source heat putr4) installation Cricket net installation Sports Hall Storage Roof fimd 2J04 2986 loo 2,304 2.986 loo 3,244 9,115 11,880 1.489 1,086 12,200 44,405 9,115 11,880 1,489 1,086 12200 44.405 Total funds 197,452 113.106 185 813
14. THE ELLESMERE CENfRE CHARrrABLE TRUST 1¥40TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 The Astroturffulld represents amounts that the TnLgt¢es have set asidc for the future rcplacement of the Astroturf Surface. The transfer8 to this fimd represent monthly amounts set aside by thL. TteeS for this purpose and the Tesources expend¢d is the d¢preciation on new LED ligbtmg installed in 202012021 which is being Written off over 10 years. The Sports Hall refurbi.8hm¢nt fid represents granLs received by th¢ charity for the refurbishment of the Centre's sports hall The cost incued to date of £1 0,861 ba8 been f4lPitaIi5ed and the annual depreciation wll be set agamst this fund until the cost is tully WTitten dow The Small Hall refurbishment fund represents grants rece7ved by the charity frir the refurbishment of the Centre'.s small hall The cost incurred to date of £8.029 has been capitalised and the annual depreciatJon be set against thLS fund until the cost is fully written down. The Balcony refutl)ishment fund represents grants received by the charity for the refilrbishment of the Centre's balcony area. The cost incurred ro dale of £1,000 bas been capilalised and the annual depreciation will be set agaiust thig fund until the cost ts fully written dow The installation of solar panels fund represents grants received by the clwity for the inytallation of 501ar panels. The cost incurred to date of £34.428 has becn capitalised and the annual depreciation will be set against this fund until the cast is fully written down. Thc Heating and Lighting fLfiJrbishmcnl fund rcprescnts grants received by the charity for the rcfill6i5hm¢nt of the heating and lighting. The cost incurred to datc of £51,878 ha5 becn capitalised and the annual depreciation will be set against tbj's fund until the cost is tully written dovrn. The Air source heat pump insttllation fimd reprcsents grants received by the chaiity for the installation of an air source heat pump. The L05t incurr¢d to date of £54.076 has been capilalised and the annual depreciation will be set off against thi5 fimd. The Cricket net installation fund represents gvdnts received by th¢ charity for the lllstallation of new cricket n¢ts. The cost incurred of £4.954 bas been Capitalis and the annual depreciation will be set off a8aiDSt this fund. The Sports H811 storage fund Tepresents grants received by the charity to improve the Sport Hall storage facilities. The Cost incurr¢d to date of £5,987 has been capitalised and the annual deprcciation will be s¢t against this fund until th¢ cost is fully written down. The roof fund relatcs to 8rnnts received to rurface and insulate the Centre's roof. The cost incurred to date of £57,7831 been capitalAsed and a relative proportion of the depreeiation will be sct against thA'S fund until the fimd is fully Thntten down. SUMMARY OF FUNDS Brought forward Ineorning Resources Resources Expended Transfer$ inlout Carried forward Desigoated tunds G¢n¢ral funds 29,447 123,600 153,047 (7,235) 22,212 119,196 141,408 113,106 113,106 124,744 {124,744) Restrictcd funds 44.405 197 452 113,106 185 813
15. ThE ELLESMERE CENfRE CHARITABLE TRUST NOTES TO THE FTNANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2024 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Restricted Unrestrieted Funds Funds 2024 2024 Total Funds 2024 Total Funds 202.3 T8mgible fixed assets Cll¢nt assets CTeditor8 due withjn one year 44,405 28,655 121,255 73,060 121,255 97.755 107.759 8.062) 141408 185 813 197,452 10. RELATED PARTY TRANsAcrtONS Lily Whym¢r is the Chairperson of Stctchworth Parish CouDciI (SPC). Dunng the year, SPC hired a room at The Ellesmere Centre at a total cost of £84 (2023.. £539) Ther¢ were no other related PaTty transactions that are required to bc Teported under FRSI 02 (effectsve l January 2015).