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REGISTERED COMPANY NUMBER: 07460998 (England and Wales)
REGISTERED CHARITY NUMBER: 1186830














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Loundsley Green Community Trust

Loundsley Green Community Trust

Contents of the Financial Statements
for the year ended 31 March 2025










Page

Report of the trustees 1 to 2

Independent examiner's report 3

Statement of financial activities 4

Balance sheet 5 to 6

Notes to the financial statements 7 to 11

Loundsley Green Community Trust (Registered number: 07460998)

Report of the Trustees
for the year ended 31 March 2025



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Achievement and performance
During 2024-25 the financial performance of Loundsley Green Community Trust has been good. We continue to attract new users at the Community Centre and income was higher that 2023-24. Costs have risen though and we made a small loss (<£3k) on Centre activities. Space in The Green - Enterprise and Training Centre has been nearly full throughout the year, more than offsetting the Centre's loss. Consequently, the trust made a trading surplus on the year of £8.5k.

Restricted (grant) funds which had been received in 2023-24 were spent on the new audio-visual facilities in the main hall which are already proving to be really useful in our ability to run our own activities and to host a wide variety of events for others. We have launched our own movie nights and are delighted to be able to host the dementia-friendly cinema events for Chesterfield BC. Total funds held (restricted and unrestricted) remained virtually unchanged during the year.

As we enter 2025-26 we are continuing to work with Derbyshire CC, Chesterfield BC and other partners on the area's Health and Wellbeing agenda and are developing plans to increase engagement with all parts of our local communities and ensuring better access for local people to the services provided by LGCT and others. Our main capital project aim for the coming year will be to raise the funds required to install solar panels on our building to reduce our carbon footprint and to reduce costs.

Financial review
Reserves policy
The trustees are of the opinion that the potential liabilities of the Trust have not changed in the last 12 months, and that the long term target should continue to be to maintain cumulative uncommitted reserves of £15,000.

Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Reference and administrative details
Registered Company number
07460998 (England and Wales)

Registered Charity number
1186830

Registered office
Loundsley Green Community Centre
Cuttholme Road
Chesterfield
Derbyshire
S40 4QU

Trustees
P R Davies
P Spencer
I Birchmore
H Borrell
Mrs S Hanson
M P Webb


Loundsley Green Community Trust (Registered number: 07460998)

Report of the Trustees
for the year ended 31 March 2025


Reference and administrative details
Independent Examiner
Chris Edwards
Chartered Accountants
Clamarpen 17 Napier Court
Gander Lane
Barlborough
Chesterfield
Derbyshire
S43 4PZ

Approved by order of the board of trustees on 7 July 2025 and signed on its behalf by:





I Birchmore - Trustee

Independent Examiner's Report to the Trustees of
Loundsley Green Community Trust


Independent examiner's report to the trustees of Loundsley Green Community Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I 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.








Chris Edwards Chartered Accountants

Chris Edwards
Chartered Accountants
Clamarpen 17 Napier Court
Gander Lane
Barlborough
Chesterfield
Derbyshire
S43 4PZ

7 July 2025

Loundsley Green Community Trust

Statement of Financial Activities
for the year ended 31 March 2025

2025 2024
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
Income and endowments from
Donations and legacies - 3,155 3,155 12,420

Charitable activities
General 33,844 - 33,844 31,673

Other trading activities 2 653 - 653 854
Investment income 3 27,056 - 27,056 21,269
Other income 1,898 - 1,898 -
Total 63,451 3,155 66,606 66,216

Expenditure on
Raising funds 4 - 11,536 11,536 5,628

Charitable activities
General 54,998 - 54,998 50,219
Total 54,998 11,536 66,534 55,847

NET INCOME/(EXPENDITURE) 8,453 (8,381 ) 72 10,369


Reconciliation of funds
Total funds brought forward 42,651 10,313 52,964 42,595

Total funds carried forward 51,104 1,932 53,036 52,964

Loundsley Green Community Trust (Registered number: 07460998)

Balance Sheet
31 March 2025

2025 2024
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
Fixed assets
Tangible assets 8 206 - 206 242

Current assets
Debtors 9 2,485 - 2,485 1,440
Cash at bank 48,838 1,932 50,770 51,707
51,323 1,932 53,255 53,147

Creditors
Amounts falling due within one year 10 (425 ) - (425 ) (425 )

Net current assets 50,898 1,932 52,830 52,722

Total assets less current liabilities 51,104 1,932 53,036 52,964

NET ASSETS 51,104 1,932 53,036 52,964
Funds 11
Unrestricted funds 51,104 42,651
Restricted funds 1,932 10,313
Total funds 53,036 52,964

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Loundsley Green Community Trust (Registered number: 07460998)

Balance Sheet - continued
31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 7 July 2025 and were signed on its behalf by:





P R Davies - Trustee





I Birchmore - Trustee

Loundsley Green Community Trust

Notes to the Financial Statements
for the year ended 31 March 2025


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - 15% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES
2025 2024
£    £   
Fundraising 653 854


Loundsley Green Community Trust

Notes to the Financial Statements - continued
for the year ended 31 March 2025


3. INVESTMENT INCOME
2025 2024
£    £   
Rents received 26,509 21,269
Deposit account interest 547 -
27,056 21,269

4. RAISING FUNDS

Investment management costs
2025 2024
£    £   
Grant funded projects 11,536 4,426

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024
£    £   
Depreciation - owned assets 36 43

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.


7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
Income and endowments from
Donations and legacies - 12,420 12,420

Charitable activities
General 31,673 - 31,673

Other trading activities 854 - 854
Investment income 21,269 - 21,269
Total 53,796 12,420 66,216

Expenditure on
Raising funds 1,202 4,426 5,628

Charitable activities
General 50,219 - 50,219
Total 51,421 4,426 55,847

NET INCOME 2,375 7,994 10,369

Loundsley Green Community Trust

Notes to the Financial Statements - continued
for the year ended 31 March 2025


7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£    £    £   


Reconciliation of funds
Total funds brought forward 40,276 2,319 42,595

Total funds carried forward 42,651 10,313 52,964

8. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1 April 2024 and 31 March 2025 2,000
Depreciation
At 1 April 2024 1,758
Charge for year 36
At 31 March 2025 1,794
Net book value
At 31 March 2025 206
At 31 March 2024 242

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,485 1,440

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Accruals and deferred income 425 425

11. MOVEMENT IN FUNDS
Net
movement At
At 1/4/24 in funds 31/3/25
£    £    £   
Unrestricted funds
General fund 42,651 8,453 51,104

Restricted funds
Restricted funds 10,313 (8,381 ) 1,932

TOTAL FUNDS 52,964 72 53,036

Loundsley Green Community Trust

Notes to the Financial Statements - continued
for the year ended 31 March 2025


11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 63,451 (54,998 ) 8,453

Restricted funds
Restricted funds 3,155 (11,536 ) (8,381 )

TOTAL FUNDS 66,606 (66,534 ) 72


Comparatives for movement in funds

Net
movement At
At 1/4/23 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund 40,276 2,375 42,651

Restricted funds
Restricted funds 2,319 7,994 10,313

TOTAL FUNDS 42,595 10,369 52,964

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 53,796 (51,421 ) 2,375

Restricted funds
Restricted funds 12,420 (4,426 ) 7,994

TOTAL FUNDS 66,216 (55,847 ) 10,369

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/4/23 in funds 31/3/25
£    £    £   
Unrestricted funds
General fund 40,276 10,828 51,104

Restricted funds
Restricted funds 2,319 (387 ) 1,932

TOTAL FUNDS 42,595 10,441 53,036

Loundsley Green Community Trust

Notes to the Financial Statements - continued
for the year ended 31 March 2025


11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 117,247 (106,419 ) 10,828

Restricted funds
Restricted funds 15,575 (15,962 ) (387 )

TOTAL FUNDS 132,822 (122,381 ) 10,441

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.