Registered Charity Number 1145178 Registered Company Number 07662038 The Oval (Stevenage) Communty Association Report and Accounts for the year ended 31 March 2025 The Oval (Stevenage) Community Association Report and accounts Contents Company Infonnation Trustee's Report Examlnerf8 report stalement of Financial Activttles Balance sheet Notes to the accounts 12 14 15 16 Detalled Slatement of Flnanclal Activitses 21 Th• Oval (St•venage) Communlty Associatlon Company Inforniatlon Dlrnctor8 Jeanette Thomas {Chairperson) Paul Laurence Bolelle Rose Hall {reslgned 21 OCt￿ler 2024) Reverend Pats Orton countant8 Hargraaves Owen Limited Red Sky Hou88 Fairclough Hall Halls Green Herts SG4 7DP Bankors The Co - operative Bank plc PO Box 101, 1 Balloon Street Manchester M60 4EP R•gisterod offlc• The Oval Communty Centre The Oval Vardon Road Stevenage Herts SG15RD Charlty number 1145178 Company numb•r 07662038 ThE OVAL (STEVENAGE) COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Directors of the Com Law, present their report , who are the trustees of the charity for the purposes of Charity e Accountlng Penod 1st Apnl 2024 to 31st March 2025. NAME, REGISTERED OFFICE AND CONSTITUTION OF THE CHARITY The full name of the charlty is The Oval (Stevenage) Communlty Associatlon. The legal reglstratlon detalls are :_ Company Reglstrntion Numb8r The Regl8ter8d Office is 07662038 The Oval Communty Centre. Th8 Oval Vardon Road, Stevenage. Herts SG15RD 1145178 01438 359404 Charity Registration Number Th8 telephone numb8rl8 OBJECTIVES AND ACTIVITIES OF THE COMPANY Te company is governed by its, Artides of AssociatK)n, as modlfled by special resolufjon on 19th December 2012. The companys charItat￿e objects, set out in its, Articles of Assoclation, are.. •to promote the benefit of the inhabitants of Stevenage without distinction of sex, sexual orientation, race or of politlcal, religious or other opinions, by associating together the said inhabitants and the local authorfties. voluntary and other organi5ations in a common effort to advance education and to provide facilities in the interests of S¢xial welfare for recreation and leisure - time occupation, ￿th the object of improving the conditions of lrfe of the said inhabitants •to establish, or secure the establlshment ol, a Communty Centre and to maintain and manage the same {whether alone or in cfroperation wlth any l¢xal authority or other person or l)ody) in furtherance of these objectives •to promots such other charitable purposes as may from tim8 to time be determined SUMMARY OF THE MAIN ACTIVITIES OF THE CHARITY IN RELATION TO ITS OBJECTIVES In all the activities undertaken by the Company, the Directors in their role as charity trustees have been mindful of their statutory duty to take into account the guidance on public benefit set out In The Charity Commission's Guidance Documents PB1 Th8 Public Benefft Requirements, PB2 Running a Charity and PB3 Reporting. During the accounting period, the principal activity of the Company comprised the day-t(￿aY running and management of The Oval Community Centre. Including the lethng of rooms and halls. Sarah Walker, the Community Centre Manager, is the Company's senior paid employee. The range and scope of activities undertaken. during the 202412025 year can best be judged from her report prepared for the Company's 2025 AGM , whlch is reprodU￿d below {in itallcs), having been endorsed by the Directors. THE OVAL (STEVENAGE) COMMUNrrY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Cèntre Planagorf8 Report Hire It has been a busy and challenging time for the office stsff with many changes io trE dHry bookings throughout the year. However, the extra work has paid off and our daytime hire is Imcking up considerably. 'The psychic circle has stopped meeting on 18th April 2024. .Ttr￿ Mums & Baby Yoga sessions stOPFed on 218t June 2024 after her offer period ran out. .Our ¢)wn Toddler Group closed on 15th July 2024. Due to the lack of volurteers to run the group, numbers attended had thvindled. It was a shame to lose such a vital cornmunty group. "Due to funding cuts, we lost the hire from NHS Health on 10th August 2024 who were working alongside the Family Centre to provide parents-to-be sessions, 3 times every 2 months. 'Sabre Grappling hired room 314 for 4 evenings a week from 7pm - 8pm starting 14th October to teach Br8zilian Jujltsu to Adults. Unfortunately, the room was t¢)0 small, and they left us on 18th December 2024. 'Chair Yoga left us on 131h December 2024. They were on a temporary reduced l*e that we could no longer sustain. We could not accommodate her class in a s￿￿ller 'Yoga with Mirka ceased on 12th December 2024 due to low numbers of attendees. 'Home School Tutortng stsrted a regular hire on 20th January 2025 for 15 hours per week, temi tlme. Unfortunatety, this hire onty lasted 4 weeks. 'Buzz Cheerleaders hire abruptly Stop￿ on 10th February 2025 due to farnity commitments. 'Dance yourse￿ Flt joined us for a brief period over the summer holidays 2024. However, we were unable to accunmodate them on a longer term. 'The Black Men Forum joined us on 7th October 2024 hiring the main hall on Monday evening for over 50's black men to join a table tennis league. 'The Irish Network approached us to hire our rooms as they were looking to venlure further into the Community. We were excited to be able to offer them a variety of dates, times and rooms to suit their needs on a regular weekly basis. Their hire commenced on 8th October 2024. 'TBC Healthcare started hiring the coffee bar on Thursday mornings from 24th October 2024 to run a weight loss clinic for people referred from a GP. After their first week they increased their sessions to 2 a week for 12 weeks. 'sPa￿ Herts hired room 314 from 1 Oth January 2025 for a 6-week training course. "Stevenage Borough Football Foundation increased their hire to 3 sessions per week with effect from 4th February 2025, adding adult walking football. "Our Craft Group continues and is at full capacty. THE OVAL (STEVENAGE) COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Durlng the quieter period of the summer holidays, we dosed the Centre off￿ on a Friday, to help keep staff costs down. The FamHy Centre Contract was up for tender and was won by OneYMCA. They took over from Bamardos our existing hirer on 1st January 2025. Jeannette and Paul had a Teams Call with HCC and OneYMCA on 29th October 2024 to look through the hire agreement. Gail. myself and SBC also joined a further meeting on 19th De￿rnber 2024 to discuss the hire agreement in more detail. The Agreement was signed on 27th January 2025. OneYMCA does not employ a cleaner. We provided a quote for this service, which was accepted and our cleaner Caroline commenced cleaning the Youthwing with effect from 17th February 2025 for 5 hours per W￿k. Other continuous regular hlre includes, Jive of Hearts, Dogs Trust, Beezee Bodies, Youth Connexions, TCES, Ostomistics, Longfellow Pilates, Friendship Group. Dogs Trust, Chiropodist, Amputee Family. Functlons Children's parties have remained Consistent throughout the year. Evening functions were very quiet at the beginning of the financial year but began to pid( up towards the end. We have formed a link with Andy Marshall who runs a mobile bar company lo promote each otherfB services, whkh has brought in some adult parties. Staff Changes Sarah Walker- Centre Manager with effect from 11t Aprfl 2024 Gail Mardlin - Deputy Manager wrth effect from 1st April 2024 Caretakers David Slade's health remains stable, and he is slowty building back into taking on more work. David Doy continues to do maintenance tasks during his caretaking shifts. Abbey has reduced her regular caretaking IK)urs due to famity commttments. Caroline Swallow, our cleaner, also joined our Caretaking team in November 2024. Philip Swallow joined our Caretaking Team on 29th October 2024. Trustees Sadly, our longstanding Trustee Rose Hall passed away on 6th September 2024. Rose was a huge part of the Community Centre for many years, also running the Friendship Group. She will be greatly missed by all who knew her. Her funeral was held on 1st October 2024. and her wake was at the Centre. THE OVAL (STEVENAGE) COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (Xher 'The payroll system was moved to Moneysoft wlth effect from April 2024 and the1rf8 contract has been can￿lled. The new system is much more user-friendly. 'The Scottish Power account was in credit, and we were able to apply for a refijrnl of £797.22 in Juty 2024. Staff were avrdrded a 2.5% salary InC￿aSe. with effect from 1$t July 2024. "The regeneration of the Oval Area is still being worked on by SBC. I had a meeting to discuss the interior of our new building on 22nd August 2024 so the plans could be finalised to go out to tender. We await any further news via Stevenage Borough Council. 'We had a pri￿ increase for all hire of 2.5% with effect from 1 Bt November 2024. "We were given an HCC Grant Of£50￿ to run a Communty Café over the colder months. The grant allowed us to pay for the room hire, energy costs, staff costs and covered all the refreshments we provided. café ComMen￿d on 7th November 2024. initially opening every Thursday from 12.45pm - 3pm to provide fr￿ light refreshments. As the session grew. we were able to extend it to a Tuesday from 6th February 2025 and a Saturday morning ¢Jnce a month from 8th February 2025, in which we provided a light breakfast and a takeavmy lunch bag. "We purchased a sum up machine in January 2025 so that we can take card payments during our ¢xvn events. "Michelle and Jean, our volunteers, kindly Corfinue to hold regular jumble sales for us and taklngs for this financial year were £1030.02 which is an Improvement on last year (£979,63). We continue to pass on unwanted jumble to Herts Air Ambulan￿. A big thank you to Michelle and Jean for all their hard work with r￿t only the jumble but manning stalls at our events. Events 2024 YRS the 50th Anniversary of Centre and All Saints Church. Therefore, we decided to hold some special events as part of our ￿lebrationS- "On Frlday 5th April 2024 we held a Family Easter Disco, with LCB funding. This money provided a disco. crisps, drinks and a raffle. all free of charge. 96 people attended. -Tuesday 18th June 2024. we held an over 50's afiernoon tealdisco from 1 pm- 3pm. With LCB funding we paid for the dtsco. cream tea and refreshments. The Irish Network kindly provided volunteers lo do the catering, and we could not have done it without them. We provided 120 visitors with a free aftemoon. The mayor was in attendan￿. "Saturday 6th July 2024 was our Summer Fair from 11am- 2pm. The weather wasn't kind to us. and all activities were moved inside. We provided a giant inflatable football goal, kiddi go-carts. infiatable fun and a face painter all free of charge as they were kindly paid for by LCB funding. The turnout was quieter than usual, however all the stall holders did well. Kevin Bonavia attended, which was his first appearance as MP for Stevenage. We were also visited by the mayor. Past employees and current craft group members kindly pulled together to help us. "Tuesday 18t October 2024 t(NJether with All Saints Church, we had 8 Stall at stevenage Older Persons Day. We promoted all our groups and services, gave out home made cakes and craft goodies and fre8 Christmas cards. The event was I￿11 attended and a worthwhile 8xercise. THE OVAL (STEVENAGE) COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 'Saturday 9th November 2024 together with All Saints Church held a Quiz Night. 'Saturday 7th December 2024 was t￿r popular Christmas Craft Fair from 11am- 2pm. Despite horrendous weather we were busy with 40 craft stalls. LCB kirKIty funded the F￿e Painter, Santa and Santss Gifts so we were able to offer these free of charge. The Family Centre was a great support In runnlng free craft activities for children and helping ￿ryth the Grotto. We had 2 stalls. manned by volunteers. 'Saturday 29th March 2025, together with All Saints Church we held a Quiz Night. 53 people attended. Income from all events throughout 2024125 was £1594.99 and expenditure brds £226.62, making an overall profit of £1368.37. A huge thank you to all th? staff. volunteern and trusteos for thelr dodlcallon and support throughout the year to provldg a wami. welcoming Contre for the coiixiiunlty." THE OVAL {STEVENAGE) COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT The Oval (Stevenage) Community Associ*'on is a charitable company limited by guarantee registered with Companies House on 8th June 2011 as Company No. 07662038 and witri the Charity Commission on 20th December 2011 as charity r￿. 1145178. It was founded by the Trnstees of the Oval Community Association. registered charity ￿. 270150, who are the guarantors, undertaking to pay £1 each if the company is wound up, with the express of tsking over the running of the Oval Comrnunlty Centre, The Oval, Vardon Road, Stevenage, from the unincorporated charty. The current Trustees are: Jeanette Thomas (chair) Paul Laurence Boielle Rose Hall RevereThJ Pete Orton (appointed 8 June 2011) {appoinled 8 June 2011) (resigned 21 October 2024) {appointed 3 November 2021) The trustees as noted above are also the guarantors and directors of the company. The Company being limited by guarantee, there are no directors. interest in share capital. All the directors of the company are also trustees of the charity, and t￿￿1r responsibilities include all the responsibilities of directors under the Companies Acts and of trustees under the Charities Act. The directors are members of the company The Directors of the Company have no Interest in any contract with the Company nor do they receive any remuneration for their service or personal expenses. THE OVAL (STEVENAGE) COMMUNrrY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW AND FINANCIAL STATEMENTS a Transactlons and Flnanclal Posltion These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stskd in the relevant notes to these accounts. The acLounts have been prepared in accordance with the Statement of Recommended Practi￿. Accounting and Reporting by Charities app￿Cable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 Juty 2014 and with the Charities Act Hon Tr•asurerf8 Report The ststutory accounts, prepared on an accruals basis. record that with income from lettings increased from the 202312024 year there was a small Su￿jUS on the year of £1.926. This is the first surplus since the pandemic, indicating that lettings income is recovering folknving their collapse due to the pandemic. Energy costs increa￿1 from £10,795 to £11,358, m(Ye than twi￿ the pre4Jkraine war level. In 2024r2025, wages in the year were £65,367, an increase of 11 % on the £58,815 of the previous year, reflectirvJ both an increase in activlty levels and in the wage rate4 the latter necessary to retain staff. Pre-pandemic, two thirds of the Centre's expenditure was accounted for by salaries. In 202412025 this percentsge was 70% in part to our on-going squeeze on all non-essential expenditure and in part to on-going staffing issues. Nine years ago. the Company h8d made a commitinent to pay Its lowest paid employees the Living Wage Foundation's living wage. In the 202012021 year, because of uncertainty about the future resulting from the pandemic, wages were frozen at the 201912020 level. In additK)n Company limited all dlscretionary expenditure to the bare minimum, in an effort to Stretch the Company's reseNes as far into the future as posslble. However, towards the end of 2021, in response to difficulties in recrulting caretaking staff, Iheir wage rate was raised to the Llving Wage Foundation fak, with a commitment to raising all staff to this rate, as a minimum. during 202212023. Nthich commitment was duty honoured, as It has been in subsequent years. including 202412025. In the 202512026 year the challenge will be to judge whether and by how much activities return to pre-pandemic levels and the resultant impact on the Charity's income and the resources available to cover expenditure, and this in tum will put pressure on those expenditure items over which the Company has control. which is primarity staff wages. accounting for some 70% of annual expenditure. This wage percentage can onty be sustained at the expense of investment in repair, renewals, fittings and f￿reS and the like. in which there has been significant under-investment over the previous 5 years. THE OVAL (STEVENAGE) COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Oval (Stevenage) Enterprises Ltd., which ran the bar at Communty Centre functK+ns, was set up by trustees and stsff rnembers of The Oval (Stevenage) Community Association's predecessor unincorForated charity as that charty's trading ami. The founders, who were Enterprises shareholders, donated their shares to the charity in the 2017r2018 and 201812019 years. However, Enterprises Directors decKled to suspend operations when the existing premises licen￿ fell due for renewal at the end of summer 2021, as functions with bars were so infrequent that staffing them was uneconomic, and it is now a dormant company. The Company receives assistan￿ each year Stevenage Borough Council, through leasing the Community Centre 8t a nominal rent The 201912020 annual report discussed at length the Borough Council's plans to sweep all the existing buildings, including the Communty Centre and All Saints Church, off the Oval site and then use developers to redevelop, squeezing a Communty Centre somewhere into an odd corner of the srte. As reported in 202212023, the current plan is to rel￿ate the Community Centre and Al Saints Church to a site north of its cu￿ent location, with the Community Centre envisaged as 8 3 story building at the south end of the new site, with the main hall on the second floor not ideal from the Community Association's point of view. Discussions with the archrtects engaged by Stevenage Borough Councft to des*3n the new Communty Centre, and indeed the entlre area redevelopment, have concluded wilh the Borough Couneil looking to put the redevelopment out to tender. Even if the redevelopment goes to plan, it will be a couple of years yet before the new communty centre is complete. Linked to the redevelopment plans is the Community Association's lease of the Communty Centre, which ran out in 202112022, and which the Borough Councll have infomied the Association won't be renewed or extended except on a year-by-year basis. This is continuing to have a negative effect on tp Associats'on's prospects of obtslning more substantial grants, though this hasn't stopped tF Company from taking advantage of grants controlled by local Councillors, As mentioned in previous annual reports, the Community Centre shares the Oval complex with All Saints Church, an ecumenical partnership between the Methodist Church and the Church of England wlth 8 common entrance hall and shared toilets. A good working relationship with the officials and clergy of the two congregations, and especially the Church of England's full-time priest, makes for an easier life. He, with the support of the church's officials has been active in pursuing opportunities for cfroperative working. All Saints Church are in a stronger position than the Communty Association when it comes to the redevelopment, as the freehold of the church sFte and the building itself, are owned by an independent body representing the original founders of All Saints Church: that is the Church of England, the Roman Catholic Church and the Methodist Church. Indeed, discussions betsveen the Borough Council's lawyers and the Church's ownerfs lavryers are on%oing. Unb"l an agreement is ￿aChed, there is signfficant potential to delay the redevelopment programme. THE OVAL (STEVENAGE) COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 b Flxed Assets During the period April 2024 to March 2025 there were no additions to Fixed Assets. c Reserves Policy The level of unrestricted resenrfes held at the end of the 202412025 financial £114,15S which amounts to some 14 months income at the 202412025 rate. ear was n the 2015r2016 ar, as a result of the uncertainties about the long-term future of the Community Centre, and he increasin Commun. trend for the Com entre weathe￿r00 an trj have to call on its own resouros to keep the warm, the Directorstrtustees reviewed the reserves felt It prudent, by the tsme the redevebpment of The Oval precinct takes place, to ave In reserves a y.ear.s unrestncted Income. AccordinAty. the current level of reserves is more than that required by the current reserves policy. e issue with this polic ars, when the redevelopment of the Oval precinct wll take Is that for ttr he next 5 years" Although the si lace has a ground for the new buildin forecast to s ns are promising with wo# to stsrt on ays been rt before the end of 2025, the Oval re Ireparing the redevelopment could find itself once more ' kicked Into the long grass.. evelopment Is not yet a done deal and rf8he Borough Council's finances become over-stretched, the Oval The Com existing &any does not at present anticipate havlng to cease operation permanen ommuni replacement, albei Centre Is demolished slnce the redevelopment plans provlde not Ilke-for-like, but there wil! be disrupllon with windin operations in one building and windin them up In another, which m the replacement Centre may not be a£ie to accommodate all the exils ' down of concurrent and resulbng In some loss of revenue and increases in costs. Ing range of activities, At the beginning of the 202412025 financlal year, the Directors expected to have lo draw down the reserves by at least £19 500 to coveT the shortfall of Income over expenditure in the finanaal year as a resu￿ of *he after*ffects of the Covid-19 pandemic. In the event, for the reasons outlined earfier, the OLrtcome over the year was a surplus of £1,926 ￿llected in the modest increase In reserves. when the d Share Capltal The company is limited bv auarantee and therefore has no share capital e Responslbllitles of the trustees In relation to the financlal statements The Directors (who are also the charitys trustees) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the Directors lo prepare financial statements for each year which give a true and fair view of the state of financial affairs of the company and of the profit and loss of the company for that period. 10 THE OVAL (STEVENAGE) COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 In preparing tht)se financial ststements. the DY&tors are required to: - select suitable accounting FK)licw6 and then apply them consistenty,. - make judgements and estimates that are reasonable and pruden(. and - prepare the financial statements on the goirKJ concern basis unless it is inappropriate to presume that the company will continue in busine&8. stste whether applicable accounting standards and statements of recommended practice have been followed , subject to any material departures disclosed and explained in the financial statements. The Directors, as trustees. are also resFK)nsibJe for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply not only with the Companies Act 2006 but also the Charities Act 2011 and 2022. They are also responsible for safeguarding the assets of the c1￿￿ty and hen￿ for t&ing reasonable steps for the prevention and detection of fraud arKI other irregulaiitses. In all the activities undertaken by the Company, the Directors in their role as charty trustees have been mindful of their statutory duty to tske into account the guidan￿ on publrc benefft set out in The Charity Commission's Guidance Documents PB1 The Public Benefrt Requirements, PB2 Running a Charity and PB3 Reporting. The directors consider that for the year ended 31 March 2025, the c4)mpany Ivas entitled both to an exemption from a statutory audlt under section 477 of the Companles Act 2006 and under section 144 of the Charities Act 2011. HovEver, the Charities Act 2011 does require an independent examination and accordingly, the directors have appointed Karen Bunyan of Hargreaves Owen Ltd as Independent Examiner. In accordance with company law, as the charitable company trustees, the Directors ce￿fy thaL' •so far as they are aware, there is no relevant Infomation of whlch the charitable companls independent examiners are unaware; and •as the trustees of the charitable company, they have taken all the steps that they ought to have taken a5 directors in order to make themselves aware of any relevant information and to establish that the company's independent examiner is aware of that infomation. f Method of preparation of accounts The trustees, in their capacity as directors,state that the accounts have been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 relating to small companies. P&,8d Paul Laurence Boielle Director and Trustee The Oval (Stevenage) Community Association 11 Independent examlnor's report to th• trusteas of Tho Oval (Stevenage) Community Association I report on the accounts of the company for the year ended 31 March 2025, which are set out on pages 14 to 23. Respectlve responsibilities of trustees and examiner The tnjstees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and 2022 (the 2011 Act) and that an independent examination Is needed. Having satisfied myself that the charity is not subject to audlt under company law and is eligible for independent examination, it is my responsiblllty to: ' examine the acoounts under section 145 of the 2011 Act to follow the procedures lald down in the general Dlrections given by the Charity Commission under sectlon 145(5){b) of the 2011 Act • to state whether particular matters have come to my attention Basis of independent examinerfs report My examination was carried out in accordance with the 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 consid8ration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees conceming any such matters. The procedures und8rtaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a Irue and fair view, and the report is limited to those matt8rs set out in the next statement. 12 Indepondant examln•rfs report to the trustees of The Oval (Stevenage) Communlty Association Independent examinevs statement In connection wilh my examination, no matter has come to my attention: {1) which gives me reasonable cause to believe that in any material r98pect the requirements: . to keep accounting records in accordance with sectlon 386 of th8 Companies Act 2006 and to prepare accounts which accord with the accounting records, comply wlth the ac(x)unting requirements of section 396 of the Companies Act 2006 and with the melhcxls and principles of the Statement of Recommended Practi￿. Accounting and Reporting by Charities have not been met or (2) to whlch, in my opinion, attention should be drawn In order to enable a proper understanding of the accounts to be reached Karen Bunyan FCCA Hargreaves Owen Ltd Chartered Certified Accountants Red Sky House Fairclough Hall Halls Green Weston Herts SG4 7DP The date upon which my opinion is expressed Is: 11 2025 13 Th• Oval (Stevenage> Communlty Associatlon Statsment of Flnanclal Aetfvities for the year ond•d 31 March 2025 Umestrlctsd Rostrlcted Total Last Year Funds Fund5 Funds Total Funds 2025 2025 2025 2024 Voluntary Income Athili88 for genwaling funds Investment Income .112 6.112 87,800 1.579 1.579 74.042 1.114 Tolal Inclxnlng rnsources 89.379 6,112 95,491 76.018 Costs of charRable acllvllles Gov•man￿ eosts 87,915 4.720 92,635 930 Total rnsources •xpended 88,845 4.720 93,665 87,017 Net (outgolng) I Incomlng resour before transfers b•tween funds Gross transfers betweon funds N•t (outgoing) I In¢omlng resources bofore Othor recognlsed gains and losses Net movoment In funds 1.392 1,926 {10,999) 1,392 1.926 (10.999) 1.392 1.926 (10.999) Recon¢lllation of funds Total funds bmught fonyard 113.662 2,127 115.789 126.788 Tolal Funds carrled forward 114196 3.519 117.715 115.789 The net movement in funds referred to above is the net outgoing resources as defir￿ n the Statement of Reo)mmended Prackn for At exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter Thore are 3 members of the company (2024 4) 20 CYOOJ LNoa) ro Th• Oval (St•venage) Communlty Assoelallon Seh•dul• to the Stalemont of Flnan¢lal Athlll•s for tho y•ar ended 31 March 2025 Unr•strfct•d R•strlct•d Total Prlor ￿rIOd Fund8 Fund• Fund8 Total Fund* 2025 2025 2025 Ineomlng R•sour¢es Voluntary In¢ome Grarts l¢ga¢l•s and don•tlon¥ Gov•rnmont and publ1¢ bodl•s In¢omlng mource8 of • rnv•nue nalurn Grant income T•fal Total Grants.L•ga¢i•$ & Don•tlon$ R•¢•lved Glfts In klnd, don•l•d ￿rvIC&S and facllltl•s Gits and Don￿￿on$ Totsl 131ft* In klnd, donatod 8•Nle•s and la¢ilitl•¥ Total Voluntary In¢ome Imtlos for generallng fund• 6,112 6,112 112 6.112 862 6,112 6,112 Fundraknlng a¢liwtres Total of actlvltl88 for g•n•ratlng funds Bank d•posil interest rrfeived 87.800 87,100 1,579 87.800 87,8011 1,S79 74IM2 74.1)42 1.114 Total knv•$lment Incomo 1,579 1,519 Total Incomlng R•sourco8 89,379 6,112 96.491 76,018 Costs of g•neratlng funds Coffee btr eosts Grant oygendFture 73 4,787 176 47 4.720 720 120 176 Staff ¢o*ts h¥ ¥upport of ¢harft•bh a¢Hvlt1•5 Salarigs- Adminkglrative Stsff P•nslon Contslbubons- admini¥lTativo staff 33.617 1,321 33,617 1,321 38.081 1.554 39,635 Travel and $ubsiStenca Conferentss & Cour8eS 12 12 12 12 12 12 Prnnl$•s Co•ts Rènt and rates Payable Insurance Llght and h￿t Cl&aning Premlses repaiTS and renew818 Aami systam maintenance Cafvtakef 1,509 982 11.358 9,649 1,030 640 1.445 11.356 9,649 1,030 10.796 9.913 724 563 14,793 39,174 20.967 46.133 46.133 The Oval (Stevenage) Communlty Assoclatlon Schedule to the Statoment of Financlal A¢tlvldes for the year endod 31 March 2025 Unrestrlct•d R•8tricted Tolal Funds Funds Funds 2025 2025 2025 Prlor P•riod Total Funds 2024 Telephone arKI intemat Postsge Stalionery and prinling Glfts and donallons IT S>Btems malntenance Advertising and PR Sundry expenses Bad debts 1,539 1,539 1.539 39 1256 121 1,977 1.334 1.334 2.004 466 763 5,352 5.352 5,695 Prnf•sslonal ftss In support d¢harltablo actMU•s Legal fees Licences and pem)its Companies House 1,360 1,360 1,395 1.360 Other support costs Depreclakn of assets used for charitable purposes Total Support costs 87,915 720 92.635 86.087 Total Expended on Charltable Actlvities 87,915 4,720 92,635 Governance costs that are not diT￿t management functlons inherent In generatlng funds, service delfvery and pmgramme or project work Specific governance costs Reportlng Accountanfs Fees 86,087 930 930 930 Total governance costs 930 930 930 23