Chaity registratxm numlw. 1079744 Hadley Wood Association Sanliv ACA C'W..h4¥ AIMS AcG(xmtants for BUSY￿SS 65 Fitiiohn Avenue Herlf¢xdshire EN5 2HN *A86B5H6A* 161CW2072 COk4PANIE5 H¢JJSE A11 #47 Hadley wor￿ Associalion Page Trustees. Rewt IrKlependent Exaninefs report Balance &*el 9-15 HWA Gr￿ 8elt Flmd Inccrfne ar¥J EX[￿￿￿￿re Acc¢yJrt 16 Chairnian Mr RolErt Grah•n Vlfjls Trustees Mr Rol*rt Gtham Wlson Mr Rupert Mxkay Mrs Elizabeth Sw Prfncipal oifice HWA Centre 1.7 Crescent East Hertf(xdshire EN4 OEL Company reJistraiion r￿nb Charity regtstrat¥)n nwnber 1079744 Indopend¢nt Examiner Swyiv Sheth ACA EN5 2HN (Charity number. 1079744) The trustees. are thre¢t￿S for the pu￿seS of runpany I￿. present the ￿mal re together with the financial ststements of the charilth ojnpany for the year erKkd 30 sept￿)ber 2021. in CCthF4tance wth s414C of Compaws Ad 20(E. Tt* income WKI assets of the Charty are appr1￿ SLldy t(kYards ts prom￿1￿ of its ot4ects as set out in the Articles of Association. In S￿lMaY. these we; . To womote the benefft arKI ¥nprove the of frfe of the Ir*￿1￿ (rf Hadley Wo(xl. . To advance educat￿￿ and provth facililies f￿ recreation leisure. . To preserve, [ff0t￿ and improve featsKes of historic or public interesL As was anlicbpated in last years ReporL the ￿strICtl0nS caused by the Covid19 pandemi conbrn￿I into 2021. Forknlnatdy, there has been &tivity by n￿{n users aKI Ihe Sports Fdd atso gènerated some w v*lcorne irume. M￿r￿￿1P has also c(xrtinued tD ifKxease, although at a lower rate than t￿￿eted. a Covtd grart as explai￿* in last y*s reFThL We also raised n&3rly £S.CK)O (indudÈng Gift Aid to be daimed) due to the special Ftrewyks Apw as we had to miss ¢xff i￿JaI Fireworks display In 2020. We also benefftted from inccKne of £1,200 fr(xm filming u￿j ow ca wk and £1.000 from our usual in¢ome of around £12,(KIO frrxn 2020, and £20.(X)O less tha) in 2019 matnFy through the loss of both income frorn thB distAay arKI from hall F¥re. The Centre upgrade vras not prcwjressed Ni 2￿21apart frorn £5.CLX) bang irwwrred on replacF the Small Hail floor, ￿lch cost has been ¢*lised. (kn ey4)efMSknre year vas I(y*￿r than incurred a deficxt on unrestricted fwrfls. This year also sw the intrOthKl￿ of Sa%* the Hadley Wood Green 8elt CamFHign. All donations received in supw1 the Campagn we b￿ked in a sep3r* a(￿￿￿t and ring fen¢zd for use only for exp￿diture Canpaw irKauded in the AIXO￿ts as a DeS￿n￿ed Fund. A separate irmrne and expenditure reF￿rt for this FuThY alone has been in the Acc4ths. At the yearend, £28.282 remains ￿K￿nmitted arKI carried for*erd to meet fijlure costs. Due to the considerable ur￿rta1nty. it is (lffi(xlt to *ith any cyJrffidw and the initial budget for 2022. *ffii¢h has yet to t* (IS0ts￿ by the Tntstees arKI commFttee, shNs a deftit on unreslTicied f￿d5 of ¥C#JTNJ £6,IXK). It is Ihal evwy elF(¥l sh(MJd be made in the CLxnirvJ Hadley Wood Association Icharfty nwnber. 1m744) Tntstees. Rew>rt (continued) area r￿ghlY six times a yw. St*ment (rf Publlc Benefrt The trustees ¢r#thrm that Ihey have ccrfnplied Ihe requirements of seclion 17 of Ihe Charities Art 201110 have due regard to benefft giitsrKe p&>lished by Charrty Commi￿On for England and Wales. Objectives and policies The Charitys aclivilies expose it to a number of financial risks incI￿ling credit risK cash flow risk arKI tNuidity risk. The tntstees have assessed tt* major risks to vknich the txganisation is exposed, in particular. Ihose vkn.ch may affect thw'r owatityis a￿1 fin￿ceS. arnl are satisfied that there are sufficient systems in • to mili*e e>1x)S￿ to Mai(￿ risks. Cash flow risk The Ch*ity holds S￿P1￿5 fuKls in intefest.beairwJ ac¢>wnts Credlt rlsk The Charitls wincip* fir￿1￿1 assets *e balar￿S ¥KI cash. traje and ctt*r receivables. . and investrnerts. The Ch•itrf$ credit risk is wimarity attribulable to its memb8rs' sthcritsin d￿$. advertisers, events sponsors and tt* viabilty of group Iwisees. The anY￿ftts We￿Ied in the balance sheet are net of allowan￿ f￿ d(yJbrful receivables. An for impannent is made vknere there is an identified loss event ￿ttl¢h, based on wevi(MJS e%periwKe. 15 a￿dence of a reduction in ts reco4wabilty of the casffrllo•YS. Tt￿ Charity has rKb signifiC￿t C£MC￿ra11￿ of rJedil risK eywswe swl ow the Llquld6ty rfsk In order to maintan liquidity to ensure sufkient f￿d$ *e avali atle for ongoing operations and future developments. the Charity hold a sufficient mixture cath bal￿ in irtstsrt aecess and call ckpostt accounts vAlh rewtth UK ￿n￿la1 institijtiorts. Further details reg*diTrJ Iwuidty risk ￿ be in ts Sta*ma)t d ￿ountar￿j pokAes #i the financial staiement. The annual report TIAS 4woved ty th? Injstees ￿ Ihè Ctwity C￿* i 4 APiklL 20 2 L and signed on its behaff by: Mr Robert Graham Cttalmi￿ •rMI law) are responsible p￿Par¥￿ the lJustees' rel￿ aThY tre financd SLit￿neThts in accord y￿th the United lfjngdom Acc4)unting Sar￿$ (Urited G￿*•Accepted Ac¢xyJnting Practice) and appltcabie law and regulations. Company taw requires ts tntstees to prepare fina￿4a1 stat￿ents for each finarK4al year. Undèr company law the trustees must nol approve ts fin￿Cial statements ￿lesS they are satisfied that give a true and far view of Ihe slate ￿ ayars of the (*witat* crynpany aThJ of its incoming In preparirq these firwKial statem&ts. Iwslees are reffjHred to: . select sutlable accounting pots arKI apply It*rn consisterty" . observe the methods prtnaF4es in the Chanties SORP. . make judgements and estimates that are reasonatAe and rrfwlert . prepare the fifwcial statements on going c¢yKem basis un￿5 it is inapwwte tr* presume that the chartlable c(xnpany V*ill continue in business. The trustees are responsible ft>r keerArYJ adequ* accr)￿tirYj rrfc*ds t￿t are sufficient to shtr and explain the charitable companls tr￿sac1￿)n5 and (￿dOse with rea￿nable accuracy at any time the financial ￿sItIon of Ihe ctAritabk ftsnpany and ena)te to that the financrdl statements comply 7fiqlh Conpanies Ac* 21JA. Tlw are also responsible for SafegU￿ding the assets of the charitable CoMp￿Y arKI hence for lakirnj reasonable steps for the FYeventiM and detection of fraud arKI other Irreg￿ltIeS. Approved by the trustees Ch*ity on hfLIL sig￿1 on its behaf by. Mr Robert Gra Chainnan Ison Trustee Hadley Wood Association Independent Examin*s report to the Trustees for the Ended 30 S4)tember 2021 I repc*t to the Chaity trustees on my examin*ion of the ac¢oJnts of Ihe Clwity for tre year ended 30 Sertwnber2021 *tiich are sd on p4es 6 to 15. Respeclive ￿sponsibL1111eS of trust0¢5 arKI examiner As the Charitys truslees of Hadley W(xxl ASSOCI*￿ also its directors for the purposes of company18w) you *e responsible for thE prewati￿ of the act0rdar￿e *qth tr requirements of Ihe Comp￿leS Act 20(b (Ihe 2LTh Acr). Having satisfied myself that the acco(mts of Hayley Wo(xl Associthn are not required b be a￿lted under Part 16 ot the 20(b Act and are eligilxe for mdewident examinabon, I wort in respecl of my examination of YOLW Charity's ￿(￿JntS as I￿rried WKler sectM)n 145 of the Charilies Ad 2011 Clhe 2011 Arf). In c*ryirnJ my examination I ha￿ follo*l the Directions given by the Chty CoMmtssir￿ urKlw section 145(5)(b) of ts 2011 Act. I have completed my examination. I confwm Ihat rrf> matt￿5 have come to my attenlion in connecttm with the examination gi¥wvJ me cause to believe: by sedim 386 of ts 20C6 A¢ ( 2006 Act other than any r•Arement tpot the give a In* and fair view thich of the Statement of Recommended PrXtI￿ for accrArting and rep￿tir￿j by charities [app￿cable to chaiilies prepariTh3 their a¢￿Unts in accofdan(* *fjlh the Finartia Reporting StarKlard applicable in tr£ UK RewrtAic of Ireland (FRS 102)]. examination to which attents"(¥) slx)uld be draAryY in trds repl￿ in ￿der lo enable a PToper understanding of ts accounts to be reacTr￿d. Sanjtv Sheth ACA Chartered ACC￿lt￿rt AIMS Accounknts for Business 65 Filzj'om Avenue Bamet Hertsdshire EN5 2HN 7 P012022 Statement of Financial Pxlivitm for the Year Ended 30 Septemlxr 2021 (Induding Inc(ffie Expntthture Account and Statement of Total Total 2020 Income and Endowments from." Donations and gfts 1,180 129,076 210 75.255 63.681 Investrftent income Total income 64.917 130.312 75,528 Expenditure on: Charitable activities 40.613 94,951 1.321 76,3KI 1,712 1.321 Totd expendDtwe 55.659 40.613 271 78,092 Funds transferred Net movement in funds 34,041 {2.565) Roconcilialion of funds Total funds brought forward Release of Testri(*ed funds 128,630 1,128 127.757 1&),322 Total fwmls ￿TrIed fonward 133.388 28.410 161. 127,757 All of the Charitys activit￿ dwive from conliwrrKJ OKwations durvYJ Ihe above IM) rEri(yJs. The funds breakdown fu Yw Ended 30 sePt￿tr￿ 2021 is sIMX￿ in rK)te 12. The ndes cffj pages 9 to 14 I￿ an htsgra wt of these finaKial statements (Regislration number. 039fy40841 Balance Sheet at 30 Seplember 2021 Unrnslricted Designated funds Total 2020 2021 Fixed Assets Tangible assets 57,193 Cunwtt Ass•t$ Stocks 395 8.677 82.977 395 19,6TI 119,9)5 547 11.(N)O' 36,928 Cash at bonk in harKI 10 82.521 92.049 47.928 139,977 88,758 Creditors Amounts fallirwJ *ithin one year {14.PAn (19.518) {34.164) (18,194) Net currert asset 28.410 105,813 70,564 Total asset less euffert - liabilit60s 113.388 28.410 161.FJ8 127.757 Net Asset 133.388 28.410 161,798 127.757 Funds Unrestricted funds Designat*J furxls Restricted funds 133.388 28.410 126.630 1.128 13 Total funds 12 161.798 127,757 T￿ rKAe5 p&Jes 9 to 14 foffli an irtsgrdl part (* these firtan(ial statem￿ts Balance Sheet as at 30 September 2021 (continued) For the financiab year enrfirg ￿ sept￿Thb￿ 2021 the Chanty VAS enliued to exemw.on fr(xn audit urKler secliLY1477 of Corn￿￿eS A& 21Th relabng to smal CAxw¥es. Directors. respmsibilitw." The members have not required the Charity to an axtii d its actAyJrts for the >Ear #) question in a¢c(ydan￿ wilh sedion 476", aKI the ACI with resF*ct to acLaxJnting records the of accounts. These accourrts have been wepared in accordance prowsions appkable to companies sut4.ect lo the small ccfftpantes regime. The financial statements m pages 6 to 15 we awro¥ed by Ihe trustees. and a￿l$ed fty issue on i lfyzi swpd on ttleir behalf by. Mr Robe am V4fj1son Chaimian arKI Trustee Not•s to the Flnancial Statements for the year ended 30 Septsmb8r 2021 1. ChaTity status not have share (2pita. of Ihe trustees is liable to C(rtf1b￿e an amtyjnt not The address of ts rwstoed Offi￿ is: HWA Centre 1.7 Crescent East Bamet Hertfordst#re EN4 OEL These financial ststeft￿ V•ere auItrKyts￿ fc* is&* by the trustees R_"(I Z l A¢countlng pollcies Summary ol slgnifieant aecounting polkies and key acGountirKJ estimates The princjpal xcounting pdicies applied in the weparation of these fin￿la1 statements are set (xrt below. These policies have been consisterfy to all ts ye￿S atement of compliance The finaftcial 5tstements have been prepared in accordance with Accwnling RepoTts'ThJ by Chanlies". Statement of Recornmended Practi￿ appkable to thwities preparing their aGcourts in accordarts V•itrt the FffrdrKk￿ Reports"TrJ st￿da￿d applicable in the UK and Republic d Ireland (FRS 102) (effecti￿ l Ja)U￿ 2015) - {Ch*ilie5 SORP (FRS 102)), the Financial Rep￿ing Standard •plicabJo in the UK Reput4ic of Ireland (FRS 102). They SO corn￿y c￿TrpanIes At* 2(￿ and Charilits Act 2011. Basis of preparation Hadley Wood Associatim rn￿ts the definilion of a PL*>lic benefft entity ￿￿er FRS 102. Assets and liabilities are inibally recognised at hislorical cost (* Ira)sadth Wdtue Charity ha5 repoled a surplu5 for ts yew after receipt (* certain one off amounts wilhout which a srnall defiat on unrestricted futKls have been incurred. Monies received in fespect of the Green Bett campaign we riry fenced for use for that campaign onty. It is probable that a deficit cc¥Jkl inox in 202112022. Ho*ENW. 1he Trustees c¢￿￿der Iha( as there ability to witinue as a going concem nor arry *ea5 of afFect tr)e ¢arryiTrJ value of assets held by the Ct•. Exemption from preparing a cash flow s&iteThRnt The Charity opted to earty adcot Bulletin 1 P￿ts5hed ￿ 2 F*xuay 2016 aTrJ have therèfwe Raising funds Notes to the Financial Statemffits for the year ended 30 September 2021 Income and endowments All income is recognised m the Charity has enbuement to the in¢(xne, it is probable that the income *ill bfr received and lh8 antsjnt of inuxne rwavalJe can be m&gsured reliably. Donations and legacies Oonab'ons are recognised ￿ the CW has been rK)tified in of both the amount and sediement tste. In the event Ihat a d¢￿￿On is subj'ecl to c￿(*110nS that require a level ter 3 P*t 11 of the Corp)ratson Tax Act 2010 or sec1￿n 2￿ of ￿ Taxati¢n (* Chargeth Gains Ad 1W2. to the extent that 10 Deprnciation and amortisatlon Depreaation is provtded on t￿ltsIe fiMI assets so as to ￿lte dr Ihe cost or va￿ati￿. less Asset class Short leaseho5d Plant & mathin fittings & eqiipment I￿r years f(yJr years Slock is valued at the I￿r of cost ar￿ estimated sellirYJ F¥ice less costs to complete and sell, after due regard for fthdete aThJ skym ffK>vAng stoc*s. Cosl Is detemined usiThJ the first-ln, first-out (FIFO). Trade debtaws and rKebvables reviev4ed periodicalty lor bad debt NoTrcollectable or d(xJbtf4A debts are impaired at the Me at *t]ich it is likely tt> beccrne debL Trado c￿dItorS and payables Tradfr credit(*s are Obl￿atiOnS to pay ftxgoods or ser11￿ that have teen ￿Uired in the liabbkties rf the Charity does not have an urtor¥Jiticmal right. at Ihe end of the rwrtiNJ period, to defer settlement CA Ihe creditor frx at least t￿e mnths *ter reK#xtirKJ date. If there are preserrted as rnrb(urent liabilitses. Cash and cash equlvalents Cash and cash equivaients comwise (ash at on hand WKI call dep￿ts. Fund stnKture Desiwaled fwKts aTr ttM)se wweStri￿ funds thttith have been set aside by trustees for an essential sFend or carnpaYJn pwwx)se. f￿XIS ae then 'm*fer￿ert and no lorvjer f T.he Charity operates t•40 designated ftx)ts: 2) The Save the Ha(fiey Wood Green Belt Canwagn rGfftn Beft established in the year ended 30 sept￿nber 2021 to slw de%Ekyment in the 9reen tdt area smundifKJ Hadley WOCKJ. AFI furKls donated to this canw49n we held in a separate bank ￿c￿nt labelled"HWA G￿n 8eif. All expenditure from this is apwo¥ed by Trustees under guidance by the Planning Subcommittee. The incmie aid expenthtijre Ihis fimd is inchjded under Design8ted Fints in SOFA and a fi￿1 (￿x￿ne arKI exP￿th￿re ￿Unt for this F￿d is included in Note 13 on page 15. Tlwe is a W￿ls1o￿ for furKls to be raleased and avalable to HWA in slated circumstar¢es. 11 2020 Ilfiembership subscfiplions NeWs￿tter adVert￿1￿j User grcxys HWA cen￿ Hire and Car park Firthvorks and social events Covid19 FirewJ*s Appeal Green Belt CarnFHign (nrte 14) Neighbourh(M)d Plannirrfj F(xum HWA Bar sales. C¢vid19 Grant 18.2 5.675 25.248 17.197 21.820 6.793 13.841 4.045 2.128 2,974 5,OCK) 129,078 75.255 "HWA Bar sales rewrted a loss of £627.17 (2020". £1.(￿2 wofjti Investment income All of the Chantys Invests￿ wmyjme wise frrxn m¢xw hekl fft wrtaest bery b￿K S. EX￿￿ltUre on tharltable adivities 2020 Dive¢t eosts Membership expense Newsletter ￿inb"n9 dislritxrti HWA B* costs Terffiis cl￿ sPore Firewryks Green Belt campai￿ (note 14) L(tsl campwgrts 282 8,532 2,382 9,430 7.411 40.613 20.TT4 Support costs Ground maintenance Building repairs and maintenaKe (Th)te 5a) 13.393 2.825 10,684 7,(M3 4.525 7.303 Rates arKI Utilities CleaniThJ Insuran 4,771 4.812 797 Tdephor* and txoaobaml 1.637 45.315 Governance Legal and profes5K￿ fees 13 1.140 13 1,140 559 Bank ¢h¥ges 1.321 1,712 .271 78.092 12 Notes to the ￿nanCIal Statements for the year ended 30 September 2021 5& Builthng repalrs ¥KI mainiww 938 1,165 121 2.742 1.807 3.911 10.684 123 &'te survey arKI devdopment Equipmg 2.123 2.825 6. Net Fncofflinthrtgoing mources 20 2020 Net resources we stated •ler chargingl(c¥ethlirKJ): 10,085 570 eXaM￿e¢S fee 570 7. Staff costs The average n￿nber of emfv the year was 0.5 {2020.' 0.5) 8. TANGIBLE FIXED ASSETS Plant and Fixtures and fittings Totals COST At 1 October 2020 Additsons Leasetdd improvements At 30 September 2021 111.995 28.n4 166.284 5.012 5,012 171,276 117.U 28.734 25.536 At 1 IXob8r 2020 Charge flx s4,￿1 28.734 25. 109.071 61.021 28.734 25. 115.291 NET BCX)K VALUE At 30 SePt￿ber 2021 55,985 At 30 September 2020 57.193 57.193 Leasehold impro￿ents irthle a 1k￿lr￿j in the SmaH Hall as a part of the centre 13 Noles to the Financial Statements for Ihe year ended 30 Septenknr 2021 9. Debtors: Amounts falling due within one year 20 PrepayThentS Accruad Irwme Greffi 8elt Gift Aid (Designated Fw 5.050 11,OLX) 19.6TI 5.69) 111 Cash at bank and in hand 20 2020 General Fund Desgnated Fund 82.9TI 81,393 1.128 119.905 82,521 Green Bèlt Fur t￿ring the yw a designated wa5 estaU1st￿l to receive donations earmarked to campaign against the proposed pl￿$ to bJild on the Green Belt in Hadley WTr)d. These funds are beiNJ held in a s• bark account *il orty be ulilised for the carnpagn until line as it is c*rKI￿1e 11. Credil¢>rn: Amounts falling due vilhin one year 2020 1,S19 Taxati(Jn arffl social security 13.128 19.518 10,646 Gr￿ Bell F￿d (Designated Ground WO￿ UK (Designated Fu 1,128 34.164 18,194 11 IAov•ment In funds Ba1￿ce at Incoming Outgoing Balance at 0111012020 resowees rnsources Transfers 3010W2021 Urbrestricted funds Generd fv Designated lurKI 126.630 64.917 (55.659) 40.613 (96.271 133.388 28.410 161,798 127.7S7 130,312 Restricted fund5 14 Hadley Wood Association 1& Analys15 of Designated Fun Save the Hadley Planning Forum Wood Gro¢n Bolt Total Total 2020 1.128 1.128 9.001 Incorning resowces 64.395 {40.613) (40,613) (7.873) Bal￿ CIFWI 2.128 28,282 28.410 1,128 15 for Ihe Year Ended 30 SeptMkn 2021 Total Inconw: Ch¥ilable adivibes." 53,395 Gift Aid r¢wable 64.395 Expenditure: 19.247 15.000 Planning ser¥ic£s Consultants fees L&3fiets Bame Posters 717 210 18 40.613 Surplu5 CIFv*J Transfer from HWA Current acc4YJ surplu￿ CIFwd 23.782 26.282 {a) Gfft AKI receivable is e5timth on ts aMo￿t recl&rnatle in respect of 4ned cLaim running costs kn it is received by ttE Chanty. (b) DurTng the year, a csjtsitArtion of £2.51X) is made frqxn HWA funds to the Save the Hadley Wood Gr￿ Bett campaign. (c) AM dmation5 *e re¢ei¥ed lor'save the H&Jlerf WQCMI Grnen Bfjk arKI all sU￿&￿mIttee. The Income and Experthxe Aecounts of HWA Green Belt Carroaign is ap￿￿ed by thè trustees of the Charity on Iw hfls kn "l*LL and sIgr￿￿ cffl its behalf by: Mr R<)bert Gr 16