2025-09-30-accounts - Chalkhill Community Trust Fund

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

CHALKHILL COMMUNITY TRUST FUND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Charity Number 1085890

CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

==> picture [363 x 130] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |CONTENTS|PAGE| |Trustees annual|report|3-5| |Independent|examiner's|report to the members|6| |Statement of financial|activities|(incorporating the|7| |income|and|expenditure|account)| |Balance|sheet|8| |Notes|to the|financial|statements|9-14|

----- End of picture text -----

| |

CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name CHALKHILL COMMUNITY TRUST FUND

==> picture [167 x 10] intentionally omitted <==

----- Start of picture text -----
Charity registration number 1085890
----- End of picture text -----

Principal office C/o Chalkhill Community Centre 113 Chalkhill Road Wembley London HAS SFX

THE TRUSTEES

The trustees who served the charity during the period were as follows:

Vivienne McKoy-Salt, Chair Manjula Daley Amanda lroajanma, Treasurer John Frangou Cllr Robert Johnson Cllr Kathleen Fraser -resigned — 27.06.2025

independent Examiner

AACSL Accountants Limited

First Floor, North West Gate House Harlow Essex CM20 1YS

Bankers Lloyds Bank Nationwide Bank CCLA Charities Deposit Fund

As at the date of this report no trustee of the charity is holding the title to any property belonging to the charity.

The trustees submitted their annual report and examined financial statements for the year ended 30 SEPTEMBER 2025. The report and financial statements have been prepared in accordance with the Charities Act 2011. The trustees have adopted the provisions of the statement of recommended practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the report and financial statements. The charity is registered with the Charity Commission. It is governed by its constitution which was adopted on 16'" November 2000 and amended by Resolution dated 6" December, 2018.

Rea

CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

OBJECTS AND ACTIVITIES

Objects

To provide or assist in the provision of facilities for recreation or other leisure time occupation in the interest of social welfare and with the object of improving the conditions of life for the residents of the area of benefit including especially persons who by youth, age, infirmity or disablement, poverty or social or economic circumstances may have need for such facilities;
To provide services, advice or assistance on terms appropriate to their means to elderly, disabled, handicapped (whether mentally or physically) or chronically sick residents of the area of benefit in need thereof which are specially designed or adapted to meet the disabilities and requirements of such persons;
To relieve poverty amongst the residents of the area of benefit in such ways as may be thought fit;
To advance education and training and provide unemployed people with work experience amongst the residents of the area of benefit;
To provide public health and childcare facilities for residents of the area of benefit (but not including facilities which any public authority is obliged to provide to such persons);
To promote public safety and prevent crime.

Activities

The Chalkhill Community Trust Fund has made grants to help improve the well-being and quality of life of residents in the community.

ACHIEVEMENTS AND PERFORMANCE

During the financial year to 30 September 2025, the Charity provided grants totalling £94,242 to groups and projects which benefited the community by providing back to school funding, supported recreational activities, training for young residents, activities for older people and £71,000 in bursaries were granted for higher education

For the financial year ended 30 September 2025 the total grant funding provided to the Chalkhill Community amounted to £165,242 which included other grants to Individual residents within the community.

The Annual General Meeting will be held on Friday, 5" December 2025.

CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FINANCIAL REVIEW

Investment Policy

The charity seeks to produce the best financial return within an acceptable level of risk and has invested £1 million of asset for the long term to generate income which is put back into the charity to provide grant funding for community-based projects of benefit to the wider Chalkhill community. The remaining assets are invested for the short term to match the profile of grant spend over a three-year period. The trustees review the charity's Investment Policy on an annual basis to ensure continuing appropriateness.

Reserves

The charity does not currently have a reserves policy. As at 30 SEPTEMBER 2025 the charity had £1,374,747 Unrestricted Funds.

Going Concern

As at the date of approving the report and accounts, there are no uncertainties about the charity's ability to continue as a going concern.

Independent Examiner

AACSL Accountants Ltd has been appointed as Independent Examiner and a resolution proposing their re-appointment will be put to the Annual General Meeting.

Signed on behalf of the trustees:

==> picture [295 x 74] intentionally omitted <==

----- Start of picture text -----
Vivienne McKoy-Salt Amanda Iroajanma
Chair Treasurer
Date: Dice E ORS Date: 08] 12 200aF
----- End of picture text -----

| | |

«5»

16/12/2025 ssc iatnsasnnseenein

CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

CHALKHILL COMMUNITY TRUST FUND

STATEMENT OF FINANCIAL ACTIVITIES {incorporating an Income and Expenditure Account}

Year ended 30 September 2025

==> picture [404 x 329] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Restricted| |Unrestricted|Funds|Funds|Total Funds|Total Funds| |2025|=|2025|2025|2024| |Note| |Income and endowments from:| |Investment income received|2|43.404|.|43.401|45.512| |Total|43.401|:|AN|45,512| |Expenditure on:| |Charitable activities|3|(183471)|(183,471)|(137,185)| |TOTAL|(183474)|(183,471)|(137,185)| |NET|INCOME/EXPENDITURE}|(140,071)|(140,071)|(91,673)| |Gains/(Loss) on investment|assets|(57,706)|Ss|(57,706)|123,321| |Total funds brought forward|1,572,524|.|4,572,524|4,540,875| |TOTAL FUNDS CARRIED FORWARD|1374747|1,374,747|1,572,524|

----- End of picture text -----

All of the above amounts relate to continuing activities.

Pay I

CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

CHALKHILL COMMUNITY TRUST FUND BALANCE SHEET As at 30 September 2025

==> picture [448 x 383] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2025|2024| |Notes| |Fixed|Assets| |Investment assets|7|1,059,566|1,417,272| |Total|Fixed|Asset|1,059,566|1,417,272| |Current|Assets| |Debtors| |Cash|at bank and|in|Hand|338,146|182,858| |Total|Current Assets|338,146|182,858| |Liabilities| |Creditors amounts falling due within one year|8|(22,965)|(27,605)| |Net Current assets or|liabilities|315,180|155,253| |Total|Net Asset or Liabilities|10|1,374,748|1,572,525| |Funds| |Restricted|Funds|-|-| |Unrestricted|Funds|11|815,180|955,251| |Revaluation|Reserve|11|559,568|617,274| |Total Funds|1,374,748|1,572,525|

----- End of picture text -----

-8-

CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

For the year ended 30 SEPTEMBER 2025 the charity was entitled to exemption from audit under section 144 (2) of the Charities Act 2011 (the 2011 Act).

Trustees’ responsibilities:

e The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 144 (2) of the 2011 Act; and
e The trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.

These financial statements were approved by the Board of Trustees ON the.........ssccssscessssrssnsseeessens

and are signed on their behalf by:

==> picture [304 x 129] intentionally omitted <==

----- Start of picture text -----
«
Wes By"
Vivienne McKoy-Salt Amanda Iroajanma
Chair Treasurer
Date: 2... Dee. ws Date:Le [ Bas
----- End of picture text -----

aQx

CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED

30 SEPTEMBER 2025

NOTES TO THE ACCOUNTS

ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared in accordance with 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 2015) —- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The financial statements are prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

Chalkhill Community Trust Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

The trustees have assessed the charity's ability to continue as a going concern and there are no material uncertainties.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Investment income and gains are allocated to the appropriate fund.

Incoming Resources

All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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:

-10-

CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

NOTES TO THE ACCOUNTS

e Governance costs are those costs incurred in connection with the governance arrangement of the charity, which relate to the general running of the charity and compliance with regulatory and statutory requirements.
The basis of allocation for support costs and governance costs has been explained in the notes.

Fixed assets

All fixed assets are initially recorded at cost.

CHALKHILL COMMUNITY TRUST FUND

NOTES TO THE ACCOUNTS Year ended 30 September 2025

		Unrestricted		Restricted
2	Incomefrominvestment	Funds		Funds	Total Funds	Total Funds
		2025		2025	2025		2024
	Investmentincome received	39,315		-	39,315		38,385
	Otherincome
	Bankinterestreceived	4,086		:	4,086		7,127
	Total	43,401		.	43,401		45,512
3	Expenditureoncharitable activities
		Unrestricted	— Restricted		TotalFunds	TotalFunds
		Funds		Funds	2025		2024
	Grantforcommunityprojects	165,242		:	165,242		115,244
	Management andadministration costs	25,489		:	25,489		20,402
	Governance cost(SeeNote4)	1,819		:	1,819		1,539
	Writeoffs -Accruals	-9,079			-9,079
		Bat		—C~”t~<“‘i‘;O;™ OCSOOURTTCU~~C«T TO
4	Governance cost
				Unrestricted	TotalFunds	TotalFunds
				Funds	2025		2024
	Accountancy			480	480		480
	AGM -Training session			1,339	1,339		1,058.65
	Otherprofessional fees		- cs1878		- ete1819	————	- en 1,539

-11-

CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

NOTES TO THE ACCOUNTS (continued)

5. RELATED PARTY TRANSACTIONS

TRUSTEES’ EMOLUMENTS

No salaries or wages were paid directly to Trustees during the year. The Trustees did not receive any personal remuneration for their services (2025: £Nil). The charity did not reimburse any individual expenses incurred by the Trustees for services provided to the charity.

However, during the financial year ending 30th September 2025, CCA, a community organisation associated with one of the Trustees, received payments totalling £20,000 from CCTF for services rendered under a project funded by CCTF. These transactions were conducted at arm’s length and in accordance with the charity’s conflict-of-interest policy.

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

«f2.

CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED

30 SEPTEMBER 2025

7 TANGIBLE FIXED ASSETS

==> picture [421 x 171] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |INVESTMENT ASSETS|TOTAL| |COST| |As|at 01|Oct 2024|1,417,272|1,417,272| |Additions|s|=| |Disposals|-|300,000.00|-|300,000.00| |Revaluation|Surplus/(Deficit)|-57,706|-57,706| |Net book value| |As at 01|Oct 2024|1,417,272|1,417,272| |As at 30 Sept 2025|1,059,566|1,059,566|

----- End of picture text -----

8 CREDITORS: amounts falling due within one year

==> picture [420 x 54] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |Accruals|22,965|27,605| |22,965|27,605|

----- End of picture text -----

-13-

CHALKHILL COMMUNITY TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED

30 SEPTEMBER 2025

CHALKHILL COMMUNITY TRUST FUND

NOTES TO THE ACCOUNTS (continued) Year ended 30 September 2025

9 PENSION COMMITMENTS

The charity has no paid employees and therefore does not pay any pension contributions.

10 ANALYSIS OF CHARITABLE FUNDS

==> picture [415 x 158] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |ANALYSIS OF MOVEMENT|IN UNRESTRICTED|FUNDS| |Balance at|Incoming| |10ct2024|Resources|Expenditure|Revaluation|30 Sept 2025| |Gain/(Loss)| |General Funds|oe1,572,524|43,401|(183,471)|(57,706)|4,374,747| |ANALYSIS OF MOVEMENT IN UNRESTRICTED FUNDS - Previous year| |Balance at|Incoming| |10ct2023|Resources|Expenditure|Revaluation|30 Sept|2024| |Gain/(Loss)| |General Funds|1,540,875|45,512|(137,185)|123,321|1,572,524|

----- End of picture text -----

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS

==> picture [284 x 178] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |Net|Current| |Fixed assets|assets|Total| |Restricted|Income Funds|-|:|-| |Unrestricted Income Funds|1,059,566|315,180|1,374,746| |Total Funds|1,059,566|315,160|1,374,746| |ANALYSIS OF NET ASSETS BETWEEN FUNDS-|Previous year| |Net Current| |Fixed assets|assets|Total| |Restricted|Income Funds|-|-|.| |Unrestricted|Income Funds|1,417,272|155,253|4,572,525| |Total Funds|4,417,272|155,253|4,572,525|

----- End of picture text -----

12 UN-INCORPORATED CHARITY The charity is not registered with Companies House and therefore is classified as an un-incorporated charity.

-14-