Page 2 CHELLS MANOR COEfrfUNITY ASSOCIATION REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2025 RESERVE POLICY The board of trustees conslder that the current level of reserves Is sufflclent to meet the stated objectlves of the charlty. The alm Is to malntaln future levels of Income so as to cover the expected levels of expendlture and not therefore deplete reserves. PLACE OF BUSINESS 12 Emperors Gate, Stevenage, Herts, SG2 7QX. BANKERS Barclays Bank PLC, Unlt 3, The ForuTQ, Stevenage, Herts, SGI IES. INDEPENDEwf EXAMINER The Independent examlner Is Newton & Garner Llmlted, Bulldlng 2, 30 Frlern Park, North Flnchley? London. N12 9DA. Iqe have prepared the flnanclal statements set out on pages 5 to 9 from the records of the Trust malntalned by us. Under Sectlon 145(1) of the Charltles Act 2011 the trustees may elect:_ (a) to have the accounts examlned by an Independent examlner" or (b) to have the account8 audlted by a person quallfled under the deflnltlon contalned In Sectlon 144(2) of the sald Act. The trustees have elected to appolnt Newton & Garner Llmlted, Chartered Accountants, as Independent examlners to revlew the accounts In accordance wlth the above provlslons, and thelr report Is contalned In these flnanclal statements.
Page 4 CHELLS MANOR COMMUNITY ASSOCIATION NO. OF CHARITY - 1027705 YEAR ENDED 31ST MARCH 2025 NDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF CHELLS MANOR COMMUNITY ASSOCIATION report to the trustees on my examlnatlon of the accounts of the above charity 11 11 ("the Trust") for the year ended 31st March 2025. Res ectlve res onslbllltles of trustees and examlner As the charity's trustees? you are responslble for the preparatlon of the accounts In accordance wlth the requlrements of the Charltles Act 2011 ("the Act"). report In respect of my examlnatlon of the Trust's accounts carrled out under sectlon 145 of the 2011 Act and In carrylng out my examlnatlon, I have followed all the appllcable Dlrectlons glven by the Charlty Commlsslon under sectlon 145(5) (b) of the Act. Inde endent examiner s statement I have completed my examlnation. I conflrm that no materlal matters have 11 come to my attentlon In connectlon wlth the examlnation whlch glves me cause to belleve that in, any Tnaterlal respect: the accounting records were not kept In accordance wlth sectlon 130 of the Charltes Act; or the accounts dld not accord wlth the accountlng records. the accounts dld not comply wlth the appllcable requlrements concernlng the forn and content of accounts set out In the Charltes (Accounts and Reports) Regulatlons 2008 other than any requlrement that the accounts glve a 'true and falr, vlew whlch Is not a matter consldered 11 as part of an Independent examlnatlon. I have no concerns and have come across no other matters In connectlon wlth 11 11 the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. R KNIGHT FCCA ATII NEwfoN & GARNER LIMITED, CHARTERED ACCOUNTANTS , BUILDING 2, 30 FRIERN PARK, NORTH FINCHLEY, LONDON, N12 9DA. DATE: 28th Au ust 2025
Page 5 CHELLS MANOR COFfrfUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2025 INCOME 2025 2024 52,173 8,400 48,082 3,860 46 Lettlngs Grants Sundry Income £51,988 TOTAL INCOME £60,574 EXPENDITURE Iqages & natlonal Insurance Asslstance Utllltles Insurance Cleanlng g repalrs & malntenance Equlpment & materlals Telephone & Internet Prlntlng? Postage, statloneryg and advertlsing Computer costs PRS Accountancy Sundry Events Halloween, Chrlstmas fayre & lunches Depreclatlon 38,012 370 7,468 1,103 1,202 37,425 445 6,499 1,047 4,414 597 1,066 201 393 336 1,440 210 1,723 621 1,221 280 396 490 1,500 650 3,216 374 TOTAL EXPENDITURE £56,282 £56,417 NET SURPLUS EXPENDITURE FOR THE YEAR 4,292 (4,429) RECONCILIATION OF FUNDS Balance at 1st Aprll 2024 (1,264) 3,165 BALANCE AT 31ST MARCH 2025 £3,028 £(1,264)
Page 6 CHELLS MANOR COMMUNITY ASSOCIATION BALANCE SHEET AS AT 31ST MARCH 2025 2024 Notes 2025 FIXED ASSETS 840 1,214 Tanglble assets CURREwf ASSETS 411 5,583 229 2,167 Debtors Cash at bank and In hand 2,396 TOTAL CURRENT ASSETS 5,994 CREDITORS: Amounts falllng due wlthln one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 3,806 4,874 2,188 (2,478) £(1,264) £3,028 FUNDS Unrestrlcted funds £3,028 £(1,264) General fund roved b the Trustees on 14th Au ust 2025 and s ned on thelr behalf N. KITTO TRUSTEE M. DORKIN TRUSTEE