Centric Community Projects Limited
(J￿rIty No. 1150611
OSCR Charity Regtr4tion: SC044437
Company No. 0821X)778
Trusttt< Report and Unaudited Accounts
30 September 2025
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Centric Cgmmunity Projects Limited
Contents
Pages
Trustee5' Annual Report
Independent Examiner's ReFKIrt
ststement of Financial Artivities
2to5
6t06
7t07
Summary Income and Expenditure Account
Balance Sheet
8t08
9t09
Notes to the Accounts
IOto15
Detailed Statement of Financlal Activities
16to17
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Centric Community Projects Limlted
Tiustees Annual Report
The trustees. W[￿ are also directOF5 of the charty for the purposes of the Companies Art 2006,
presenttheir report with the unaudited finanoal statements of the charityforthe year ended 30
September 2025.
REFERENCE AND ADMINI￿RATIVE DETAIiS
Company No. 08200778
Charity No. 1150611
OSCR Charity Registration: SC044437
Principal Office
Topaz House
335 Solrth Row
Milton Keyne5
MK9 2FY
United Kingdom
Registered Offtce
335 South Row
Milton Keynes
MK9 2FY
Directors and Trustees
The Direttors ofthe charitable cornpany are itsTrustees forthe purposes of charity law.
The following Direttors and Trustees served durinB the year.
S. Delfanl
O.John
LR. Robinson
G.W. Wade
(Resigned 30 September 2025)
Accountants
MW Accounting Servi￿$ Ltd
South Housp 4
Bond Avenue
Mount Farm
Milton Keynes
MKI ISW
OBjE￿IVEs AND AcllviTIES
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Centric Community Projects Limited
Trustees Annual Report
CCP as a registered incorporated tharity actNely providing qualifyin8 users with free or low-cost commercial
spaces that are provided to us by Landlords.
Qualifying groups include but are r¢ot limtted to charities I non-profft organisation51 social enterprise51
Private Limited companies limited by guardwrtee /Communty Interest Companiesl artists and business
start-ups forthe dlsabled or disadvantaged.
The provision of commercial space for free or Iow-COSt is a consÉderable benefit to such users lin this context
"low-cosv means significantly bèlow market rate)- The savings for organisations ￿ dependent on type of
premiscs, irs 51ie and how It15 Utili3ed. Suttt use5 are a direct benefiL freeing up charitable income to help
Iril the various organisations charitable al￿￿ and objectNes. Our prOv￿lon of workspace on such terms Is
extremely popular as smaller chartties and community or8anisatiOns continue tQ struggle to a¢¢ess regutar
fvnding streams and find direct ways of meeting their core costs.
Ensuring our work delivers our aims:
We review our aims, objectives and attivities each year. This review iooks at what we achieved and the
outcomes of our work over the prevtous 12 month5, whi15t looking atthe sucies5 Of each key actnitty and the
benefits they have broughtto the or8anisations we have helped. The review also helps ensure our aims,
objectives and activitiès rèmain focused on our stated purposes. We have referred to the advice contained in
the Charity Commission's general guidance on publtc benefit when reviewing our aims and objectwes and in
planning our future acttvtties. The trustee5 consider how planned attlvities will contribute to the aim5 and
objectives that they have set.
The focus of ourwork:
Our aim is to prowde charitable organisations wTrth commercial spaces throughout the UK. We are able to
achieve this throuBh our connections to agents acting on behalf of landlords with vacant propertie5. These
may be va(znt and out of use for a numberof reasons such as lack of occupier demand, awaiting
redevelopment orthe end of a lea5E where the OC￿p[er has vacated. The trade-off for betns 8ranted the use
of these vacant premises igthat generallythe lease tern)s will not be guaranteed long temi, but our
experience ha5 been that m05t premises we aC￿pt. go on to be occupied foryears rdtherthon tnonths.
As well as Single occupier use premises we create dive￿, alpindusive charity hub5. Reaching out to as many
org8nKsttions as p055ible to create communTty hubs. Often when tskin8 premises in new areas we contact
the councll communtty developmenttearns. local voluntary action netwo￿ seryices and social enterprise
networks as well as using social media to advertise our offer of free space. By using these sources it enable5
U5 to reach the grassroot communty projects that often have the biggast requirement forfree workspace. In
addition to this we also provide free space for charity èxhibitionsand artists acr05S the UK.
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Centrfc Community Projects Limited
Trustees Annual Report
ACHIEVEMENTS AND PERFORMANCE
Since our founding in 2013 we have helped over 16(K) charittes wfchin a varied range of spaces. Many
charities have been housed within one of our hubs which were fornied to provide extensive 5UPPOrt to the
local community-'a one stop shop. for SeTV1￿ Users.
Our provision of space 15 invaluable to the charttiesthat we a55i5L The m05t obviou5 benefft 15 the c05t
savine- in not paying rent or utility bills each of ourtÈnants a￿ ableto spÈnd more of their incomÈ directly
on fulfilling their aims and objective& The cost of utility Cha￿e5 in the current climate 15 something that we
are discussin8 to ensure that we do not lose out on new premises because of the a550Ciated running costs.
In addition to the finan031 benefiL organisations sharing ourworkspace benefftfrom collaboration re5ultin8
in help and support from other occupying groups.
The unique nature of each d￿ritable organisation that we have a5SiSted prevents us from being able to
quantify the actual number of people who have benefited from our service but we regularly request updates
from the occupiers to ensu￿ thatthe premises are bein6 fully utilised as pertheir ag￿eMent.
Public Benefit
With 411 of our premises we collate the trrformation required to demonstrate the public benefit ver5US any
benefit to landlord oragenL This information is available in a separate report and available on requesL
FINANCIAL REVIEW
It is the policy that unrestritted fund5 which have not been designated for a 5pectfic use Should be
maintained at a level of 2-3 months expenditure. This policy should be revised rf additional restricted funding
is sought.
PLANS FOR FUTURE PERIODS
Sourung of premÈse5 for chariiable occupation is something thatvle provide specific foEus on. As a charity it
becomes dtrFficult to navigate with landlordsto 8ain sponsorship whilst providing free space to our sector. We
remain fully committed to continuing our search for landlonts wtth empty premises who are willing to donate
them for use by other charitable organisation& We have SUC￿ssfUllY secured new premises with several
agents who aL£o operate throughoutthe UK and this will assist us with diversifying ourfunding streams.
Ru￿URE, GOVERNANCE AND MANAfjEMENr
The tnJ5tees who served duringthe yearwere as follDw¥.
Geoff Wade
Les Robinson
Olu John
Dr Shabnam Delfani
The trustees are invited onto our board due totheir interest in the ethos of our charrty- The opportunity to
recruitthose outside of our local area due to the introdurtion of remote fTteeting5 has allowed us to broaden
the strengths and skillsets of ourtrustees. fully dNersifying our board.
The Trustees are re5wn5ible for keeping properaccounting recordsthatdisdose with reasonable accuracy at
any time the finar¢cial p051tion of the charwiy and to enable them to eTh$u￿ thatthe financial ststèments
omply with the Companies Act 2006. The Trttstees are also responsible for safeguarding the assets of the
chariiy ond hence taking reasonable 5tep5 for the prevention and detettion of fraud Bnd other irregularitie5.
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Centric Community Projects limited
Trustees Annual Report
The above report has been prepared in accordance Trmth the pmw5ions applicable to companies subjectto
the Small eornpanies regime as set out in Part IS of the Companses Act 2006 and in accordance with the
Charities SORP IFRS 1021,
Signed on behalf of the board
G.W. Wade
TnJ5tee
11 May 2026
0511212026
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Centric Community Projects Llmlted
Independent Examiner5 Report
Independent Examinerfs Report to the trustees of Centric Community Projects Limited
I report to the charity trustees on my examination of the finanaal statements of Centric Community Projetts
Limited forthe year ended 30 September 2025.
Re5ponsibilÉlies and basis of report
As the charity'5 trustees of the company land also its directors forthe purposes of company lawl you are
responsible for the prepardtion of the financial Statements in accordan￿ wtth the requirernents Df the
Companies Act 20061'the 2006 ACL
Having satisfied myself that the finanaal Statements of the charFty are not required to be audited under Part
16 of the 2006 Att and are eligible for independent examination, I report in re5pett of my examination of
your charityls finarbcial statements as carried out under section 145 of the Charities Act 20111'the 2011 Art'l.
In carrying out rriy examination I have followed the Direttions given by the Charity Commi55ion under section
145151 (b) of the ZOII Act.
Independent examinevs ststement
I have completed my examination. I can confirm that no material matter5 have come to my attention in
connection with the examination giving me 12useto befieve:
accounting records were not kept in accordance with settion 386 of the 2c￿6 Act. or
the financial statements do not accord with those records,- or
the financial statemet)ts do not comp￿ with the aecounting reouirÈments under sÈrtion 396 of the 2006
Act otherthan any requirernentthatthe finanual statements 8rve a 'true and fail view which is not a
matter considered as part of an independent examlnation: or
the finanaal statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practi￿ for accounting and reporting by charitie5 applicable to charities
preparingtheir accounts in accordan￿ with the Finanaal Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102).
I have no concerns and have come across no other matters in connection wlth the examination to which
attention should he drawn in this report in orderto enable a propertsnder5tanding of the financial
ststements to be ￿aChed.
MrAdam SibleyACCA
MW Accounting Service5 Ltd
South House 4
Bond Avenue
Mount Farm
Milton Keyne5
MKI ISW
11 May 2026
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Centric Community Projects Limited
Statement of Financial Activities
for the year ended 30 September 2025
UTrrestiicted
fund5 Total funds Totsl funds
2025
2024
Z025
Income and endowments
from:
Donations and legaoe5
60,691
60,691
51,228
Totsl
60,691
60.691
51,228
Expendkture on:
Charitsble attivities
other
11.934
48￿98
11.934
48,898
3,588
47,448
Total
60*32
60,832
51,036
Net gains on investments
Net lexpÈnditurellln¢ome
Transfers between funds
1141}
11411
192
Net lexpenditurellincome
before other Eains/llossesl
{141)
11411
192
Other gains and losse5
Net movement in funds
(1411
192
Reconclllatlon ol funds:
Total funds brought forward
8,452
8,452
8,260
Totsl funds carried forward
8,311
8.311
8,452
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Centrlc Community Projects Limited
Summary Income and ExpendFture Account
for the year ended 30 September 2025
2025
2024
Income
E4).691
51,228
Gross income forthe year
Expenditure
60.691
51,228
60.832
51,036
Total expenditure for thÈ year
Net Iexpenditurelfincome before tax
forthe year
60.832
51,036
1141)
192
Net {expÈnditure >fincome forthe year
1141)
192
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Centric Community Projects Limited
Balance Sheet
at 30 September 2025
Company No.
08200778
2025
2024
Current assets
Debtors
7.458
3,227
10.G85
12.374)
8311
7,458
3,150
10.608
12,1561
8.452
Cash at bank and in hand
Creditors: Amount falling due within one year
Net current a55ets
Total assets less current fiabilitiÈs
8211
8.452
Net a55ets excluding pension asset or liability
8311
8,452
Totsl net asset5
8,452
The funds of the tharity
Restricted funds
Unrestritted funds
Generdl funds
io
8,311
8.452
8,311
8,452
Reserves
io
Totsl funds
8.311
8,452
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2￿6 relating to small companies.
Forthe year ended 30 september 2025the company wo5 entttled to exemption undersettion 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance wtth section 476 of the
CompaniesAd 2006.
The directors aCknO￿edge their reSpon￿bilit￿5 for comptying with the requirements ofthe Companies Act
2006 with respect to accountin8 recordsand the preparation of a￿O￿nts.
Approved by thÈ b03rd on 11 May 2026
And signed on its behalf by:
G.W. Wade
Trustee
11 May 2026
0511212026
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Centric Community Projects Limited
Notes to the A￿Ount$
for the year ended 30 September 2025
l Accounting policles
Basls of prep?ratlon
The finanual statements have been prepared in accordance with Accounting and Reporting by Charities:
ststement of Recommended Practi￿ applicable to charikne5 preparing their accounts in attordance wfth
the Financial Reporting St3nd3rd appfitable in the UK and Ropublic of Ireland IFRS 1021 (effectivè I
January 20151- (Charities 50RP IFFL5 10211, the Financial Reporknng Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companie5 Act 2LK)6,
Change in basis of accounting or to previous accounts
There has been no change to the accounting poliaes {waluation ¥ules and method of accounting) sin
last year and no changes have been made to accounts for previous yea￿.
Fund accounting
Unrestricted funds These are available for use at the d￿retIOn of the trustees in furtherance of the
general objects ofthe charity.
These are unrestricted funds eamiarked bythe trustees for partiCL51ar purpose5.
These are unrewicted funds which indude a revaluation reserve rep￿sentIng the
re51atement of investment assets at their market values.
These are available fijr use SLTbject to restrictions imposed bythe donor orthrough
ter￿Of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Ststement of Finantial Actrvities ISOFAI when the charity
becomes erttttled to, and virtualty certain to recetve. the income and the amount of
the income can be measured with 5uffiaent reliability.
Income with related Where income has related expenditure the incoTne and related expenditure is
expenditure
reported gro55 in the SOFA.
Donations and
legacies
Voluntary income received byvray of £r3nts. donations and gift5 is included in the
the SOFA when receivable and only when the Charity ha5 unconditional
entttlement to the income.
Tax reclaims on
Income from tsx reclaims As included in the SOFA at the same tlme asthe
donatlons and gifts grftldonation to vA)ich it relate
Donated service5
These are only included in income Iwith an equkvalent amount in expendtturel
and facilities
whère the benefft to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help re￿Ived is not Included in the accounts.
Inve5ttnent This 15 Kndud¢d in tht aGGourtts when receivable.
Gains/(losse51 on
Thi5 includes any gain or105s resu￿ing from revaluing investments to market value
revaluation of fixed atthe end of the year.
assets
Gainslllossesl on
investment assets
This includes any gain or loss on the sale of invesbnents.
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Centrie Communlty Prolects Umlted
Notes to the Accounts
Expenditure
RecognTtion of
expenditure
Expendiiure is recognised on an attruaLs basi& Expenditure include5 any VAT which
cannot be fully recovered, and ￿ reported a5 Part of the expenditure to which it
relates.
Expenditure on
These cornprise the costs associated with attraclingvoluntary income, fundraising
i5ing funds
trading costs and investment management costs.
Expendituro on
Thoso comprise the costs incurred by the Ch3rity in th@ dolivery of itg 2rtwiti@s and
charitable attivitie5 Services in the furtherance of its objects including the making of grants and
governance costs.
All grant expenditure is accounted for on an acttjal paid ba515 plu5 an aEcrual for
grants that have been approved bythe trustees atthe end of the year not yet
paid.
These Include those costs assoclated with meeting the constitutional and 5trdtutory
requirements of the Charity, including any audtwindependent examination fees,
95ts linked tg the 5ttate6ir wnanisement of the Charityi tosether with a share of
otheradminstrntion Costs.
Other expendibjre These are support Costs not allocated to a particular artivity.
Grants payable
Governance costs
Taxation
The charity is exempt from corporation tax on its charwiable activttles.
Trade and other debtors
Trade and other debtor5 are recognised at the settlement amount due after anytrade discount offered.
Prepayments are valued at the amount prepaid net of any trade di5count5 due.
Cash and cash equivalents
Cash and cash equivalents comprise (ash at bank and on hand, demand deposlts with banks and other
5hort-term hi8hly liquid investments with or￿inal maturities of three months or less and bank overdrafts.
In the statement of finanoal p05ibon. bank overdrdfts are shown wtthin borrowings or current liabilitie5.
In the Statement of Cash Flows, cash and cash equivalents a￿ shown Det of bank overdrafts that are
repayable on demand and forni on int%ral part of the companvs cash management.
Trade and other creditors
Short term creditors are measured at the trdnsaLtion prtce. Othercreditor5 and provislons are recognised
where the chartty has a present obli8ation resulting from a past eventthat will probably result in the
transfer of fvnds to a third party and the amount due to settle thè obligation can be measurèd or
gstimated reliably. Creditors and provisions are nornia1￿ recognised at their settlement amount after
allowing for anytrdde discounts due.
Pension costs
The charity oper3tes a defined contribution plan fDr its employees. A defined contributiorb plan is a
pension plan under which the company paysfL¥ed contribution5 into a Separate entity. Once the
contributiorhs have been paid the company has no further payments obligation5. The contributions are
recognised as expenses when theyfall due. Amounts not paid are shown in accruals in the balance sheEt.
The assets of the plan are held separately from the company in independently administered ￿nds.
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Centric Community Projects LimÈted
Notes to the Accounts
Receipt of donated Eoods, faafities and services
All donated goods facilities and seNE￿5 received are rec¢)gni5ed wrthin incoming resources and
expenditure at an estimate of the walue to the charKy.
2 Company status
The company is a private company limited byguarantee and consequently doe5 not have Share capttal.
3 Statement of Financial Activities- prioryear
Unrestritted
fund5 Total funds
2024
2024
Income and endowments from..
Donations and legacie5
Totsl
51.228
51,228
51.228
51,228
Expendsture on:
Charitable attivities
3.588
47,448
3,588
47,448
other
Totsl
51.036
51,036
Net income
192
192
Net income before other
gainslllos5Ès1
othergalns and105585:
Net movernent in fund5
192
192
192
192
Reconciliation of funds:
Total fund5 brought forward
Total fvnds (arried forward
8,259
8,259
8,451
8,451
4 Income from donatlons and lesacies
Unre5trirted
Tt)tal
Total
2025
2024
Donations and legacie5
60,691
60.691
60.691
60,691
51.228
51,228
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Centric Communlty Projects Llmited
Notes to the Accounts
5 Expenditure on charitsble 3ctÉvities
Unrestrlcted
Total
Total
2025
2024
Expenditure on charitoble
acbvitie5
11.934
I1￿4
Governonce costs
11.934
11,934
3.588
6 Other expenditure
Unrestricted
Totsl
Total
2025
2024
Employee costs
General administrative costs
45.192
2,266
45.192
2,266
44,976
L032
Legal professional cost5
1,440
48,898
1,440
47,448
48,898
7 Staff costs
2025
43,848
2024
Salaries and wages
Pension costs
43,848
1,128
44.976
45,192
No employee received emoluments in excess of£60,000.
8 Debtors
2025
2024
Other debtors
7,458
7,458
7,458
9 Creditors:
amounts fdlling due within one year
2025
2024
othertaxes and social securikv
Other creditors
718
716
216
L440
2.374
Atcruals
1,440
2.156
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Centrlc Community Projects Limited
Notes to thÈ Accounts
10 Movement in fund5
Incorning
re50urce5
(including
other
At l Ottober 8ain511055e5
2024
At30
September
2025
Re50urce5
expended
Restrlcted funds:
Unrestricted funds:
General funds
8.452
60,691
160,832)
8,311
Total funds
11 Analysis of net assets between funds
8.452
60.691
160.8321
8,311
Unrestrirted
fund5
Total
Net current assets
8,311
8,311
8,311
8,311
12 Reconciliation of net debt
At30
Septemb
2025
At i October
2024
Cash Ilows
Cash and cash equfvalents
77
3,227
3,227
3.150
77
Net debt
3,150
77
3.227
13 Commitments
oper(￿ng leose commltments
Annual ¢ommttments LEnder norFcancellable operating leases are asfollows:
2025
Land and
buildin
Z025
2024
20Z4
Land and
buildings
Other
Other
Operdting leases wtth expiry date:
Pension rommitments
2025
2024
The pension cost charge to the company
amounted to:
1,128
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Centric Community Projects Llmited
Notes to the Accounts
14 Related party disdosur
Controllingparty
The company 15 limited by gL4ararrtee and has no share capital. thus no single paity controls the company.
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Centric Communlty Projects Llmlted
Detailed Statement of FInancial Activities
for the year ended 30 September 2025
Unrestritted
fvnd5 Totsl funds TDtal funds
2D25
2025
2024
Income and endowments frorn:
Donations and legacies
Donations and legacies
60.691
60.691
60.691
FA).691
51,228
51.228
Total income and endowmÈnts
60.691
60.691
51.228
Expenditure on:
Charitable activities
11,934
11.934
11,934
IL934
3,588
3,588
Totsl of expenditure on charitsble
activtties
11,934
11,934
3.588
Employee costs
531aries/wages
Pension c05ts
43.PA8
1,344
45,192
43.843
1,344
45.192
43.848
1,128
44,976
General administrative costs.
including depreciation and
amortisation
Bank charges
Software, IT 5UPPOrt and related
¢osts
26
26
102
452
452
410
Sundry expenses
1,788
2.266
1,788
2,266
520
1,032
Legal and professional costs
Accountancy and bookkeeping
1,440
1,440
L440
Totsl of expenditure of other costs
Total expenditure
Net gains on investments
48.898
48,898
47,448
60,832
60,832
51,036
Net (expenditure)fincome
1141)
1141)
192
Net (expenditureifincome before
other galnsl{lossesl
other Gains
1141)
(1411
192
Net movement in funds
11411
1141)
192
Reconclllatlon of funds:
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Centric Communlty Projects Limited
Detailed Statement of Financial Attivlties
Totsl funds brought forward
8,452
8,452
8,260
Total funds carried forward
8311
8,311
8,452
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CCP EOFY 30/09/2025 Centric_YE.pdf 8a3e3e7f8d630cc1eb0b75e5c6e1abc6c3852642 MM / DD / YYYY Signed 







|**05 / 12 / 2026**|Sent for signature to Geoff Wade (geoff.wade@empower.coop)|
|---|---|
|15:15:26 UTC|from info@centricprojects.org|
||IP: 81.98.108.58|
|**05 / 12 / 2026**|A new document has been created based off of an existing|
|15:21:26 UTC|document with ID 8a3e3e7f8d630cc1eb0b75e5c6e1abc6c3852642|
||IP: 81.98.108.58|
|**05 / 12 / 2026**|Edited by Julie Ion (info@centricprojects.org)|
|15:21:26 UTC|IP: 81.98.108.58|
|**05 / 12 / 2026**|Signature request resent by Julie Ion|
|15:21:26 UTC|(info@centricprojects.org)|
||IP: 81.98.108.58|
|**05 / 12 / 2026**|Viewed by Geoff Wade (geoff.wade@empower.coop)|
|16:00:23 UTC|IP: 81.78.248.127|





CCP EOFY 30/09/2025 Centric_YE.pdf 8a3e3e7f8d630cc1eb0b75e5c6e1abc6c3852642 MM / DD / YYYY Signed 




|**05 / 12 / 2026**|Signed by Geoff Wade (geoff.wade@empower.coop)|
|---|---|
|16:01:18 UTC|IP: 81.78.248.127|
|**05 / 12 / 2026**|The document has been completed.|
|16:01:18 UTC||