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← Newlands Community Association

2025-03-31-accounts

Registered number: 04343988 Charity number: 1091241

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee) UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its Trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8 - 9
Notes to the financial statements 10 - 20

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Mrs S Hodgson, Trustee Mr R Sherry, Trustee Mr I L Williams, Trustee Ms P Bland, Trustee Ms M Holmes, Trustee Mr M Ricketts, Trustee Mrs A Rawson, Trustee (appointed 30 October 2024)

Company registered number

04343988

Charity registered number

1091241

Registered office

Inspire Bradford Business Park, Newlands House One, Bradford, West Yorkshire, BD10 0JE

Company secretary

Mrs S Hodgson

Accountants

BHP LLP, New Chartford House, Centurion Way, Cleckheaton, Bradford, BD19 3QB

Bankers

Santander, Bootle, Merseyside, L30 4DB

Page 1

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report together with the financial statements of the company for the year 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

In particular the trustees consider how planned activities will contribute to the aims and objectives they have set.

Strategies for achieving objectives

The chartiy's aims, objectives and activities are reviewed each year. This review looks at the activities undertaken in the previous year to ensure that benefits have been brought to those the charity was set up to help, the review also helps to ensure the activities remain focused on the stated aims and objectives.

Activities for achieving objectives

In order to further these objects the charity has promoted a number of projects that will bring benefit to the community by providing and improving local facilities. The charity has developed sites which were previously owned by Bradford Metropolitan District Council (BMDC) who transferred ownership via assess transfer. A condition of the asset transfer was that these sites were developed by NCA for the benefit of the local community.

Main activities undertaken to further the charity's purposes for the public benefit

Throughout this last year NCA (Charity) has continued to support local community organisations, either through waiving of rent, rent subsidies or other support.

Supporting local organisations:

Page 2

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities (continued)

Subsidised or waived rent to charities/VCS:

NCA has continued to support the very small organisations working in the Newlands area, who need ‘hand holding’.

Supporting local work:

NCA has continued to support work in the Fagley area and NCA (Trading) employed a Community Engagement Worker with the specific remit for Fagley until August 2024, when sadly the worker passed away suddenly.

NCA has been working more closely with Council Neighbourhood Services, especially community wardens to share information on local activities and groups and to connect wardens to other organisations, statutory and voluntary, working in the Newlands area.

Achievements and performance

Key performance indicators

During the year the charity returned a deficit of £13,768 (2024 surplus - £606,288). The total funds of the charity have decreased from £6,107,969 to £6,063,310. There were free reserves of £2,886,264 available as at 31 March 2025 (2024 - £2,885,432).

The trading subsidiary made an operating profit of £142,154 (2024 - £30,800). The subsidiary's total recognised gains and losses for the year was a loss of £30,891 (2024 - £54,006).

The trustees are working towards establishing a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, the free reserves, are aimed to be held at a minimum figure of £20,000 by the charity. At this level free reserves would be sufficient to allow the charity to continue should there be a significant drop in funding whilst the trustees considered alternative sources. The trustees operate a strict budgeting and financial forecasting system that should alert them to any potential problems in advance.

Review of activities

During the year Newlands Community Association has:

• Bloomin Buds had been running the Rockwell Community Centre for the last few years but approached NCA in September 2024 to report they had been unsuccessful in accessing core funding and were struggling. Bloomin Buds had received support and advice from NCA and other VCS organisations but despite this were unable and unwilling to make changes that were suggested. As a result, Bloomin Buds asked to end their lease. NCA agreed and on 31st March 2025 Bloomin Buds vacated the Centre. Prior to this NCA Trustees agreed it was essential the centre remained open to allow key services to be delivered in the community. NCA (Trading) agreed that NCA employees would oversee the running of the centre on an interim basis.

Page 3

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Financial review

Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Structure, governance and management

Constitution

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on August 2003, charity number 1091241.

The principal object of the company is to relieve poverty, advance education and provide, and assist in the provision of facilities for recreation or leisure time, thus improving the quality of life for the inhabitants of Bradford, in particular the districts of Greengates, Ravenscliffe, Thorpe Edge, Bradford Moor, Thornbury and Fagley.

There have been no changes in the objectives since the last annual report.

Methods of appointment or election of Trustees

Trustees are appointed by and for the membership at the Annual General Meeting. There are currently seven trustees, all trustees give their time voluntarily and receive no benefit from the charity, any expenses reclaimed from the charity are set out in the notes to the accounts.

As set out in the Articles of Association there shall always be a minimum of seven trustees and a maximum of sixteen. The Chair, Vice Chair and Treasurer (Officers) are elected by the trustees. Officers retire after the conclusion of the next Annual General Meeting but are eligible for re-election. No two trustees from the same organisation may be elected as officers.

Related party relationships

The charity has a 100% owned trading subsidiary, Newlands Community Association (Trading) Limited, Company number 04389186, which owns property and receives rental income. Any profits made by the trading subsidiary are gift aided to the charity.

In relation to the ongoing loan arrangement between the charity and trading subsidiary, once the external loans are repaid and the relating securities have been removed, the properties may be transferred to the charity in order to repay the inter group loan account.

Page 4

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

. ~~........................................~~ Signer ID: CNNCZSSRCF... ....... Mr I L Williams (Trustee)

Date: 05/12/2025 GMT

Page 5

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Independent Examiner's Report to the Trustees of Newlands Community Association ('the company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2025.

Responsibilities and Basis of Report

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Dated: 05/12/2025 GMT Signer ID: S7I882WVPX... Lesley Kendrew FCA

BHP LLP

New Chartford House Centurion Way Cleckheaton Bradford BD19 3QB

Page 6

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
3
Investments
4
Total income
Expenditure on:
Raising funds
Charitable activities
5
Total expenditure
Net (expenditure)/income before net
losses on investments
Net losses on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
50
42,324
42,374
122
56,520
56,642
(14,268)
(30,891)
(45,159)
6,107,969
(45,159)
6,062,810		 Restricted
funds
2025
£
1,153
-
1,153
-
653
653
500
-
500
-
500
500		 Total
funds
2025
£
1,203
42,324
43,527
122
57,173
57,295
(13,768)
(30,891)
(44,659)
6,107,969
(44,659)
6,063,310		 Total
funds
2024
£
614,054
59,873
673,927
500
67,139
67,639
606,288
(1,164,822)
(558,534)
6,666,503
(558,534)
6,107,969

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 10 to 20 form part of these financial statements.

Page 7

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

REGISTERED NUMBER: 04343988

BALANCE SHEET

AS AT 31 MARCH 2025

Note
Fixed assets
Tangible assets
8
Investments
9
Current assets
Debtors
10
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year
11
Net current assets
Total net assets
Charity funds
Restricted funds:
Restricted funds
13
Total restricted funds
13
Unrestricted funds
13
Total funds		 2,869,680
18,565
2,888,245
(1,981)
500		 2025
£
671,601
2,505,445
3,177,046
2,886,264
6,063,310
500
6,062,810
6,063,310		 2,694,042
202,496
2,896,538
(11,106)
-		 2024
£
686,201
2,536,336
3,222,537
2,885,432
6,107,969
-
6,107,969
6,107,969

Page 8

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

REGISTERED NUMBER: 04343988

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

~~........................................~~ Signer ID: CNNCZSSRCF... ........ Mr I L Williams (Trustee)

Date: 05/12/2025 GMT

The notes on pages 10 to 20 form part of these financial statements.

Page 9

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. General information

Newlands Community Association is a charitable company incorporated in England and Wales, company number 04343988. The company is a registered charity in England, charity number 1091241. The principal office is Newlands Community Association, Newlands House, Inspire Business Park, Newlands Way, Bradford, BD10 0JE.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Newlands Community Association 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.

2.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 10

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.3 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised and refer to the Trustees' report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 11

Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities upon the completion of the relevant performance-related conditions. Other grants that are not subject to performance-related conditions are credited to the Statement of financial activities as the grant proceeds are received. Grants received prior to the revenue recognition criteria being satisfied are recognised as a liability.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

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Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.7 Tangible fixed assets and depreciation

All assets costing more than £100 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Land is not depreciated.

Tangible fixed assets are carried at cost or valuation, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair value cannot be measured reliabily in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement of financial activities incorporating income and expenditure account.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

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Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.12 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.13 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 company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Gift aid donation from subsidiary
Donations received
Government grants
Total 2024		 Unrestricted
funds
2025
£
-
50
-
50
611,316		 Restricted
funds
2025
£
-
-
1,153
1,153
2,738		 Total
funds
2025
£
-
50
1,153
1,203
614,054		 Total
funds
2024
£
610,816
500
2,738
614,054

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Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4. Investment income

Rental income
Bank interest receivable
Total 2024		 Unrestricted
funds
2025
£
40,000
2,324
42,324
59,873		 Total
funds
2025
£
40,000
2,324
42,324
59,873		 Total
funds
2024
£
40,000
19,873
59,873

5. Direct costs

Summary by fund type

Governance costs
General charitable activities
Depreciation of tangible assets
Total 2024		 Unrestricted
funds
2025
£
1,920
40,000
14,600
56,520
63,401		 Restricted
funds
2025
£
-
653
-
653
3,738		 Total
2025
£
1,920
40,653
14,600
57,173
67,139		 Total
2024
£
8,801
43,738
14,600
67,139

6. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £1,920 (2024 - £ -).

The auditors' remuneration amounts to an auditor fee of £ - ( 2024 - £6,000 ) , and accounts preparation of £ - (2024 - £1,425).

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Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).

8. Tangible fixed assets

Cost or valuation
At 1 April 2024
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Freehold land
and property
£
730,001
730,001
43,800
14,600
58,400
671,601
686,201

Included in cost or valuation of land and buildings is freehold land of £145,000 (2024 - £145,000).

If land and buildings had not been revalued they would have been included at the following historical cost:

2025 2024
Cost 401,884 401,884
Aggregate depreciation (126,458) (120,943)

Land and buildings were valued on an open market basis on 31 March 2015 by the directors, who referred to desktop valuations prepared by Mark Brearley & Company, Chartered Surveyors in February 2015. The trustees are not aware of any material changes since last valuation, therefore revalued assets included within the financial statements is a true reflection of assets owned by the charity.

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Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9. Fixed asset investments

Cost or valuation
At 1 April 2024
Revaluations
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
Principal subsidiaries
The following was a subsidiary undertaking of the company:
Name
Newlands Community Association (Trading) Limited
The financial results of the subsidiary for the year were:
Name
Profit/(Loss)
for the year
£
Newlands Community Association (Trading) Limited
(30,891)		 Investments in
subsidiary
companies
£
2,536,336
(30,891)
2,505,445
2,505,445
2,536,336
Holding
100%
Net assets
£
2,505,445

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Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10. Debtors

Due within one year
Amounts owed by group undertakings		 2025
£
2,869,680
2,869,680		 2024
£
2,694,042
2,694,042

11. Creditors: Amounts falling due within one year

Other creditors
Accruals and deferred income		 2025
£
61
1,920
1,981		 2024
£
-
11,106
11,106

12. Financial instruments

2025 2024
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 18,565 202,496

Financial assets measured at fair value through income and expenditure comprise of bank balances.

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Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

13. Statement of funds

Statement of funds - current year

Unrestricted funds
Reserves
Revaluation reserve
Restricted funds
Restricted Funds - all funds
Total of funds
Statement of funds - prior year
Unrestricted funds
Reserves
Revaluation reserve
Restricted funds
Warm Space Grant
Total of funds		 Balance at 1
April 2024
£
5,796,668
311,301
6,107,969
-
6,107,969
As restated
Balance at
1 April 2023
£
6,354,202
311,301
6,665,503
1,000
6,666,503		 Income
£
42,374
-
42,374
1,153
43,527
Income
£
671,189
-
671,189
2,738
673,927		 Expenditure
£
(56,642)
-
(56,642)
(653)
(57,295)
Expenditure
£
(63,901)
-
(63,901)
(3,738)
(67,639)		 Gains/
(Losses)
£
(30,891)
-
(30,891)
-
(30,891)
Gains/
(Losses)
£
(1,164,822)
-
(1,164,822)
-
(1,164,822)		 Balance at 31
March 2025
£
5,751,509
311,301
6,062,810
500
6,063,310
Balance at
31 March
2024
£
5,796,668
311,301
6,107,969
-
6,107,969

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Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7

NEWLANDS COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2025
£
671,601
2,505,445
2,887,745
(1,981)
6,062,810		 Restricted
funds
2025
£
-
-
500
-
500		 Total
funds
2025
£
671,601
2,505,445
2,888,245
(1,981)
6,063,310

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
686,201
2,536,336
2,896,538
(11,106)
6,107,969		 Total
funds
2024
£
686,201
2,536,336
2,896,538
(11,106)
6,107,969

15. Related party transactions

During the year, the charitable company received a notional rental donation of £40,000 (2024 - £40,000) in relation to the rents waived of £40,000 (2024 - £40,000) from it's subsidiary Newlands Community Association (Trading) Limited.

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Document ID: 411523ef48773fc0d38d92ab59d777069e3ed36add83856c5babf3d7f98aa6b7