| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Loundsley Green Community Trust |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| 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 |
| Registered Charity number |
| Registered office |
| Trustees |
| 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 |
| 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 |
| Charitable activities |
| Other trading activities | 2 |
| Investment income | 3 |
| Other income |
| Total |
| Expenditure on |
| Raising funds | 4 |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| Reconciliation of funds |
| Total funds brought forward |
| Total funds carried forward | 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 |
| Current assets |
| Debtors | 9 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 10 | ( |
) | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| NET ASSETS |
| Funds | 11 |
| Unrestricted funds | 42,651 |
| Restricted funds | 10,313 |
| Total funds | 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 |
| 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 | - |
| 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 |
| Loundsley Green Community Trust |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 3. | INVESTMENT INCOME |
| 2025 | 2024 |
| £ | £ |
| Rents received |
| Deposit account interest |
| 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 |
| 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 |
| Charitable activities |
| Other trading activities |
| Investment income |
| Total |
| Expenditure on |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME |
| 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 |
| 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 |
| Depreciation |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Accruals and deferred income |
| 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 | 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 | ( |
) | 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 |