| QUEEN STREET NEIGHBOURHOOD RESOURCE CENTRE |
| Registered number: |
05012490 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
4,486 |
|
|
2,709 |
|
| Current assets |
| Debtors |
4 |
|
10,634 |
|
|
9,303 |
| Cash at bank and in hand |
|
|
35,864 |
|
|
22,989 |
|
|
|
46,498 |
|
|
32,292 |
|
| Creditors: amounts falling due within one year |
5 |
|
(2,578) |
|
|
(2,884) |
|
| Net current assets |
|
|
|
43,920 |
|
|
29,408 |
|
| Net assets |
|
|
|
48,406 |
|
|
32,117 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Restricted funds |
|
|
|
1,846 |
|
|
1,987 |
| Unrestricted funds |
|
|
|
46,560 |
|
|
30,130 |
|
| Shareholders' funds |
|
|
|
48,406 |
|
|
32,117 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Jennifer Bridge |
| Director |
| Approved by the board on 28 October 2025 |
|
| QUEEN STREET NEIGHBOURHOOD RESOURCE CENTRE |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The financial statements of the charitable company have been prepared in accordance with the Charities SORP (FRSSE) 'Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) (effective 1 January 2015)', the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
The principal accounting policies adopted in the preparation of the financial statements are set out below. |
|
|
|
Fund Accounting |
|
Unrestricted funds are those available for use at the discretion of the charity in furtherance of its general objectives and which have not been designated for other purposes. |
|
|
Restricted funds are those to be used in accordance with specific restrictions imposed by donors. |
|
|
Incoming Resources |
|
Incoming resources are included in the SOFA when it is quantifiable with reasonable accuracy. |
|
Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers. |
|
|
|
|
Resources Expended |
|
All expenditure is accounted for on an accruals basis. |
|
|
Donations and Voluntary Income |
|
Donations and voluntary income are accounted for gross when received. |
|
|
Deferred Income |
|
Incoming resources are shown in the Statement of Financial Activities in the period to which they relate. Where income is received in advance of and subject to certain conditions being met; for example advance payments for room hire, then it is treated as deferred income until those conditions are satisfied. |
|
|
Grants Receivable |
|
Grants for immediate expenditure are accounted for when they become receivable. Grants received for specific purposes are treated as restricted funds. |
|
|
|
Tangible Fixed Assets and Depreciation |
|
Fixed assets for charity use are capitalised at cost, where acquired, or market value as determined by the trustees where donated. They are stated in the financial statements at cost or original value less depreciation. |
|
|
|
|
Depreciation is calculated to write off the cost or valuation of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
|
|
|
Aerobics equipment |
7 years |
|
CCTV and security equipment |
8 years |
|
Equipment |
3 years |
|
Furniture |
15 years |
|
Office and computer equipment |
3 years |
|
|
|
|
Allocation of costs |
|
Costs are allocated between fundraising costs, direct costs in furtherance of the charity's objects and other expenditure according to the nature of the cost. Where items involve more than one category they are apportioned on a basis consistent with the use of the resource. |
|
|
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2024 |
58,205 |
|
Additions |
2,768 |
|
At 31 March 2025 |
60,973 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
55,496 |
|
Charge for the year |
991 |
|
At 31 March 2025 |
56,487 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
4,486 |
|
At 31 March 2024 |
2,709 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
10,487 |
|
9,156 |
|
Other debtors |
147 |
|
147 |
|
|
|
|
|
|
10,634 |
|
9,303 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
1,482 |
|
1,915 |
|
Taxation and social security costs |
120 |
|
- |
|
Other creditors |
976 |
|
969 |
|
|
|
|
|
|
2,578 |
|
2,884 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
QUEEN STREET NEIGHBOURHOOD RESOURCE CENTRE is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
Queen Street |
|
Burton upon Trent |
|
Staffordshire |
|
DE14 3LW |
|
|
Full financial statements can be found on the Charity Commission website. Registered Charity number 1104088. |