Highfield Communlty Assoclatlon Financial Statements for the year ¢nd¢d 31 Mar¢h 2025 Chydrity number 1018758 Highfield Communlty Assoclation Independent Examlners Report to The Trustees of Hlghfield Community Association l ￿port on Ihe financial statements of Highfield Community Association for the year ended 31 March 2025 which comprise the statement of financial activities. the balance sheet and related notes. This report is made solely to the tiustees in accordance with Sections 145 of the Charities Act 2011. My work has been undertaken so that I might stale to the charity's trustees those matters l am required to state to them in an Independent Examinerfs report and for no other purpose. To the fullest extent pennitted by law, I do not accept or assume responsibility to anyone other than the charty and the charity's truste8s for my examination work. R85P8Ctlve responslbllltles of Trust888 and examlner The charity's trustees are responsible for the preparation of the accounts in accordance with Ihe requirements of Ihe Charities Act 2011 ('the Charities Act"). The charity's trustèes consider that an audit is not required this year and that an independant examination Is needed. The charity's gross income did not exceed £250,lYJO. It is my responsibilty to: examine the accounts under section 145 of the Charities Act, to follow the applicable Directions given by the Charity Commission {under section 145(5){b) of the Acl. and to state whether particular matters have come to my attention. Basls of Independent examlners statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures In the accounls. and seeking explanations from the trust88s conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinon is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out kn the statement below. Indopend•nt •xamlnor'$ 8tat•m•nt In connection with my examination. no material matters have come to my attention which gives me cause to believe that in. any material respect.. accounting records were not kept in aecordance wrth sectlon 130 of the Charit188 Act; or the accounts do not accord with Ihe accounting records I have no concerns and have come across no other matters in connection with the examination to which attention sh¢yJbJ be drawn in order lo e per understanding of tb.e accounts to be reached. ick Alkmnn Ilick's klnd Compan).¥ Charter 83 High Street Hemel Hempslead HPI 3.IH Date 0811212025 co ntan Hlghfield Communlty Asso¢lation Income & Expenditure account for the year ended 31 March 2025 Note 2025 2024 Income Hall Hire Events & Fundraising Kitchen Income Mis¢ income Grants Donations 56.268 26,823 2,500 2,265 67,979 809 68,788 87,856 Direct Costs Events & Fundraising Expenses Kitchen expense Direct costs Employment costs 1,083 10,112 78 28,913 1.098 8,572 26,399 40,185 36.069 Income less Direct Costs 47.671 32.720 Expenses Rates Insurance Light and heat Staff training Cleaning & Waste Repairs and maintenance Postage and stationery Advertising Telephone & Internet Travel expenses Entertaining Subscriptions Licence fees Legal fee5 Accounting & Prof¢55ional Fees Bank charges Gifts Sundrv expen%es Depreciation 316 571 8,732 48 3,608 1,201 514 132 1,495 603 13,085 24 3,933 1,399 1,154 712 2,009 720 -60 2,926 1,260 4.430 ?,659 28 76 374 3?.909 19.048 Other Incoine & Expcnditvre Interesi Received Other Incoiiie Grant on behalt.ot B¢lthiirst Road Exps 347 347 Net Surplus 15.109 13.672 Hlghfield Community Association Balance sheet as at 31 March 2025 Note 2025 2024 Fixed assets Tangible assets 772 799 Current assets Debtors & Prepayments Other Debtors Cash at bank and in hand 25,591 30,407 23,701 79,699 13,768 27,594 21.204 62,565 Current liabilities Trade creditors Accruals and deferred income 1,529 3,432 4,961 1,642 1,370 3,012 Net current assets 74,738 59,553 Net a55ets 75,509 60,352 Funds Brought forward Net Surplus 60,400 15,109 75,509 46,680 13,672 60,352 These financial statements were approved by the members of the committee and are signed on their behalf. Wa￿¢ Cole Chair person joel> Fletcher Treasurer Highfield Communlty Assocfiatlon Notes to the accounts for the year ended 31 Marcb 2025 l Accounting Policies l. l Accounting convention These accounts have been prepared on the basis of historic cost in accordance with: Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005). • an d with the Charities Act. 1.2 Volunteer help The value ot'any voluntary help received is not included in the accounts but is described in the trustees, annual rq)ort. 2 Fees for examination of the accounts Hicks And Company 2025 2,926 2024 1.260 3 Staff costs Gross wages and benefits in kind Employer's National Insurance costs Pension costs 2025 2024 26,187 26,399 334 26,521 26,399 Average number of full-time equivalent employees in the year 4 Tangible fixed assets Cost Balance brought forward Additions Disposals Balance carried forward 2025 Equipment, fixtures & fittings 44,390 44,390 2024 44,390 44,390 Accumulated depreciation Balance brought forward Depreciation charge for year Disposals Balance carried forward Equipment, fixtures & fittings 43,590 43,217 28 374 43,618 43,591 Net book value Brought forward Carried torward Equipment, fixtures & fittings 799 1,173 77? 799 5 Debtors & Prepayinents Trade debtors Siispected fraiidiilant transaction VAT Prepayments and accrued incoine 2025 2024 25,591 775 21,062 21.06? 4,794 3,986 3,888 3,143 55,335 28.966 Highfield Community Association Notes to the accounts (contlnued) for the year ended 31 March 2025 6 Creditors & Accruals Loans and overdrafts Trade creditors Accruals and deferred income 2025 2024 1,529 3,432 4,961 1,642 1,370 3.012 7 Related party ttansactions Any related party transactions are shown in the trustee's annual report.