VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
Company Registration Number: 07886190
Registered Charity Number: 1147104

VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIIVUTED BY GUARANTEE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 IVIARCH 2025
CONTENTS
Page
Trustees, Annual Report
Independent Examiner's Rcport to the Trustees
9-10
Statement of Financial Activities
Balance Sheet
12- 13
Notes to the Financial Statements
14-22
MANAGEMENT INFORMATION
Detailed Income and Expenditure Account - Total Funds
23

Page I
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED
31 MARCH 2025
The trustees are pleascd to presenl their annual report and unaudited Financial Statements for the year
ended 31 March 2025, which are also prcpared to meet the requirements for a Directors, Report and
Financial Statements for Companies Act purposes.
The Financial Statements comply with the Charities Act 2011, the Companies Act 2006, the
Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their Financial Statements in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
REFFRENCE AND ADMINISTRATIVE INFORMATION
Charity Name:
Velmore Community Association
Charity Registration Iyumber:
1147104
Company Registration Number:
07886190
Principal Office:
Velmore Centre
Falkland Road
Eastlcigyh
Hampshire
S053 3GY
Registered Office Address:
Velmore Centre
Falkland Road
Eastleigh
Hampshire
S053 3GY
The Trustees
The trustees who served the company during the year were as follows:
Mr CJ Riddoch
Ms D Grinter
MrAJWatt
MrRADibb
Mrs K Hatchett
Mrs L Ross
Mrs T Martin
Chair
Secretary
Treasurer
App
14.01.24
Secretary:
Ms D Grinter

Page 2
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LI]IIITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2025
REFERENCE AND ADMINISTII4TIVE INFORMATION (CONTINUED)
Our Advisors
Independent Examiner:
Abraham & Dobell
230 Shirley Road
Southampton
S015 3HR
OBJECTIVES AND ACTIVITIF.S
The charitable company's objectives and principal activities are:
to promote the benefit of the inhabitants of the Velmor¢ Estate and North End Copse in the
borough of Fastleigh without distinction of sex, sexual orientation, age, disability, nationality,
race or of political, religious or other opinions, by association together the said inhabitants and
the statutory authorities, voluntary and other organisations in a common effort to advance
education and to provide facilities in the interests of social welfare for recreation and
leisure-time occupation with the object of improving the conditions of life for the said
inhabitants;
to establish or sccure the establishment of a Community Ccntre and to maintain and manage
the same (whethcr alonc or in co-operation with any statutory authority or other person or body)
in furtherance of the Objects. and
to promote 8uch other charitable purposes as may from time to time be detennined.
The charitable company shall be non-paty in politics and non-sectarian Én religion. The area of
benefit shall be Velmore Estate and North End Copse in the borough of Eastleigh. This area is
bounded by Leigh Road, Bournemouth Road, Chestnut Avenue and the M3.
Public Benefit Statement
All olour activitics are undertaken to further our charitable purposes for the public benefit. In shaping
our objectives and planning our activities, the trustees have considered the Charity Commission's
guidancc on public benefit including the guidance 'Public Benefit: Running a Charity (PB2)'.

Page 3
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE
Centre Management
The Centre management structure continued to prove a successful working model for the Community
Association. The current Centre Manager has been in position for nearly lour years, and Sue runs the
Centre effectively and efficiently and is supported by a cohesive and dedicated team of staff and
volunteers. She also is the first port of call for a number of local residents when they need help or
directing to the organisations who can help. There were staff changes during the year. A new position
of baker was created to provide homemade cakes in the café and the existing café supervisor left and
was replaced by a person who had lots of experience in running a busy cafe facility within a retail
shop. These changes have been proved to be a bigy benefit to thc café. We also had a change of cleancr
during the year.
Buildings Maintenance
'I'he progyramme of routine maintenance at the Centrc was completed during the year. There were no
significant unplanned maintenanc¢ costs or internal improvement projects undertaken during this
year.
A project was undertaken in the side garden of the Centre to upgrade it to match the front garden
which was remodelled in 2021. This was supported by B&Q who supplied some materials. The
project was completed in October with help provided as a 'B&Q in the communkty project,.
Health & Safcty
Healih and safety incidenls and accidents arc reported to the Trustee Board, and they arc pleased to
be able to rcport that there have been only minor aLcidents with small cuts or bruising but nothing
that required anything more ihan on-the-spot treatment. No corrective actions for the Ccntre wcre
idcnlified.
Business Development
The focus of business development during this period has continued to be on ensuring that there is
sufficient income through the room hires to provide community-focused activities in the Centre. The
Trustees are concerned that this focus should not be to the detriment of delivering the charitable
objectives and a service to the community. "Ihe Velmore Pre8chool, who had a regular hire of Belmont
Flall, closed in July of this rcporting period and that was a loss to thc income stream as no other hires
of significance could be found.
This year the community led groups for Bingo, Table 'l"ennis, QUIL kurling and Knit and Natter have
all continued and have good attendance. New community led activities have started this year with a
Sing Along group meeting regularly once a month and a free coffee morning run by the Southampton
Foodbank Angels has also been running on the last Saturday of every month. Both groups were well
attended, and the free coffee is very popular. We have also welcomed the local police who are doing
regular surgeries at the Centre. The Centre was able to host an E&stleigh Borough Council sponsored
Family Grub Club. This was a six-session course for l O families about cooking and eating economic
simple meals.

Page 4
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Business Development (Contlnued)
A community tea was run by the VCA in August. and foty-eigbt residents enjoyed a fun time around
an afternoon tea. A Christmas Fair was run in late November which is always popular on the estate
and proved to be good for the café income. The Church partner has also continued to run
approximately quarterly Sunday dinner services, which attract a good number of Centre users. They
also ran a Just for Fun day in August which attracts a lot of the regular Centre users. The Centre
Management are very conscious of the wider needs which affect society as a whole and are dear to
people's hearts. The Centre has run events in support of other Charities including Guide Dogs and
Macmillan Cancer suppo¢ and these have a high level of support from the community.
Communlty Café
The Community Café continues to be recognized as a key local resource for people who live on the
estate. The main demand on the café space continues to be as a place to meet up and socialize. This
is particularly true for the older generations. The Trustees continue to monitor the cost of this
provi.sion to the Association and seek through the management to maximize the income but recognize
its importance as a social need. As reported in 2024 the offering from the café was under review and
a new pogition was created to have cakes baked on site and these have proved popular. This, along
with the ncw Cafc pcrson have increased the contribution of the café to the finances such that although
it is monitored closely it is not a current concern.
FINANCIAL REVIEW
The Trustees approve a budget at the beginning of each financial year. The financial aim of VCA
during this period was to match the expenditure to income. This was taking account of the loss of the
Belmont income and the increases required by the minimum wage. During the year the grant income
was less than budgeted although the donation income from users attending Centre rl￿ activities has
increased. There was less expenditure than planned comparcd to the budget, which was primarily due
to staff absence and the changes to the café staffing.
As a result, the charitable company income fell to £80,255 compared to £86,135 in the previous year.
The reason for the fd'11 was primarily a lower level of grant incomc achi¢vcd and lowcr income from
room hires. Expenditure increased to £78,489 Compared to £74,936 in the year ending 31 st March
2024.
Given the changes in income and expenditure, the charity achieved a small surplus of £1,766,
compared to a surplus of £l1.199 in the year to 31 March 2024.

Page 5
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2025
FINANCIAL REVIEW (CONTINUED)
Reserves and Investment Policy
There is a reserves policy in place and this was reviewed in May 2025 and due to increases in salaries
and turnover an additional £2,800 was added to the reserve fund. This is held in a Corporate Instant
Deposit account with the Co-op,
PLANS FOR FUTURE PERIODS
To continuc to engage with thc community and to consider new ideas and initiatives to promote
Velmore Centre with the local community.
To look for more opportunilies for social engagement groups run by community volunteers.
To continue lo develop initiatives and services to reflect the needs of local residents and
business communities and to be aware of the potential competition for these from other nearby
facilities.
To build on the reputation of the Velmore Centre as a hub for health and wellbeÉng activities in
the community through development and promotion of services.
To investigate the provision of an additional 'health room, to allow more health-related services
to be delivered on the estate.
I"0 continue to promote our Café and reach out to a broader range of clientele with targeted
menus and offers.
To continue to maintain links and work with local partners.
To cxplore the possibility of other local businesses giving "Charity Days" to Velmore Centre.
To continue to monitor the hire rates and compare them with the rates of similar organisations
in the area to ensure we remain competitive in this market.
To review all service contracts and regular suppliers to ensure that we are receiving the best
possible rates available, and to make changes where improvements can be made.
To investigate the upgrade of the lighting within the Centre to reduce energy consumption.

Page 6
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT
(CONTll¥lUED)
FOR THE YEAR ENDED
31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The organisation is a charitable company limited by guarantee, Inco￿orated on 19 December 2011
and registered as a charity on 3 May 2012. The company was established under a Memorandum of
Association which established the objects and powers of the charitable company and is governed by
its Articles of Association. Anybody can apply to the Board of Directors to become a member of the
charitable company and each member is required to contribute £1 in the event of the charithble
L'ompany winding up.
Thc Association works within current, relevant legi8lation, in particular Health and safety at Work
Act 1974, Employment Act 2001, Charities Act 2011, Companies Act 2006, Data Pri)teclion Act
1988, together with appropriate guidance including Charities Statement of Rccommended Practice
(SORP (FRS 102)) and European Working Time Directive.
Recruitment and Appointment of the Trustees
The directors of the company are also charity trustees for the purposes of charity law.
'I'he trustee.8 are appointed by members, agrcement at an Annual General Meeting. A third of the
director8 shall retire (but may be re-appointed) by rotation at cach Annual Gencral Mecting. Trustees
havc not been paid any remuneration for their roles as I"rustee&*.
Trustee Induction and Training
Truslces are recruited and appointed in accordance with the Articles of Association. Induction and
training of new trustees is arranged by the Board on an individual basis.
Risk Management
The trustees have examined the major stralegic, business and operational risks which the charitable
company faces and confirm that systems have been established to enable regular reports to be
produced so that the necessary step8 can be taken to lesscn these risks.
Organisational Structure
The irustees of Velmorc Community Association meet 6 timcs a year, ensuring that any decisions are
agreed at a quorum meeting of thc Board of Trustees. 'I'he Board of Trustees, at the date of signing
this Rcport, comprised 7 trustees. The trustees comc from a variety of profcssional backgrounds
relevant to the work of the charitable company. The trustees delegate day to day responsibility for
the running of the organisation to Senior Executives who are responsible for delivering services.

Page 7
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2025
STRUCTURE, GOVERNANCE AI¥D MANAGFMENT (CONTINUED)
Related Parties
Velmore Community Association collaborates with a number of key parties to ensure the charitable
company meets its objectives. The key parties are:
Chandlers Ford Parish Council
Eastleigh Borough Council
Velmore Church
Vivid Homes
Key Management and Personnel Remuneration
'I'hc trustees consider the Board ot. I'rustees and the Senior Managemcnt Team compri8e the key
management pcrsonnel of the charitable company in charge ofdirecting and controlling the charitsble
company and running and operating the charity on a day to day babis.
All trustees give their time freely and no remuneration was paid to trustees in the year.
The pay of the Senior Management Team is reviewed by the trustees periodically on the basis of the
perfonnance of the individual concerned and the charitable company as a whole.
RF.SPONSIBILITIES OF THE DIRECTORS
The charitable company, s directors (who &re trustces for the pu￿0$eS of charity law) are responsible
for preparing an annual report and Financial Statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the directors to prepare Financial Statements for each financial pcriod, which
give a true and fair view of the state of the affairs of the charitable company as at the Balance Sheet
date and of its incoming resources and application of resources, including income and expenditure,
for the financial period. In preparing those Financial Statements the directors are required to:
select suitable accounting policies and then apply them con8lStently'
observe the methods and principles in the Charities SORP (FRS 102).
mak¢ judgements and estimates that are Tcasonable and prudent.
state whethcr applicable UK accounting standards have bcen followed, subject to any material
departures disclosed and explained in the Financial Statements; and
prepare the Financial Statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue on that basis.

Page 8
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, AI¥NUAL REPORT
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2025
RESPONSIBILITIES OF THE DIRECTORS (CONTINUED)
The directors are responsible for keeping proper accounting records that disclose, with reasonable
accuracy at any time, the financial position of the charitable company and to enable them to ensure
that the Financial Statements comply with the Companies Act 2006. The directors are also
responsible for safeguarding the assets of the charitable company and, hence, for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the coryorate and financial
infonnation included on thc charitable company's websitc. l.egiislation in thc United Kingdom
governing the preparation and disscmination of the Financial Statements may differ from legislation
in other jurisdictions.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption under the Companies Act 2006.
Approved by the trustees on 26 November 2025 and signed on their behalf by:
G RIDDOCH
CHAIR
A WATT
TREASURER

Page 9
INDEPEIYDEiYf EXAMINER'S REPORT
TO THE TRUSTEES OF
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
FOR THE YEAR ENDED
31 MARCH 2025
report to the charity trustees on my examination of the Accounts of Velmore Community
Association (the Company) for the year ended 31 March 2025.
RESPOINSIBILITIES AND BASIS OF REPORT
As the charity's trustees of the Company (and also its directors for the purposes of company law) you
are responsible for the prcparation of the Accounts in accordance with th¢ requirements of the
Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the Accounts of the Company are not required to bc audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination
of your charity's Accounts as carried out under section145 of the Charities Act 2011 ('the 2011 Act,).
In canying out my examination I have followed the Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act.
INDFPFNDENT FXAMINER'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:
accounting records were not kept in respect of the Company as required by section 3 86 of the
2006 Act.
the Accounts do not accord with those records.
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 dn indepcndenl examination. or
the Accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommendcd 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)).

Page 10
INDEPENDEiYf EXAMJ INER'S REPORT
(CONTINUED)
TO THE TRUSTEES OF
VELMORE COMMUMTY ASSOCIATION
(A COMPANY LIMITFD BY GUARAiYfFE)
FOR THE YEAR ENDED
31 MARCH 2025
INDEPENDENT EXAMINER'S STATEMENT (CONTINUED)
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in the report in order to enable a proper understanding of the
Accounts to be reached.
26 November 2025
D J MANT FCA
ABRAHAM & DOBELL
Chartered Accountants
230 Shirley Road
Southampton
S015 3HR

Page 11
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
NCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED
31 MARCH 2025
2025
Unrestricted Total
Funds
Funds
2024
Total
Funds
Notes
INCOME
Donations and legacies
Charitable activities
Other trading activities
Investment income
9,125
70,723
132
275
9,125
70,723
132
275
12,402
73,294
270
169
TOTAL INCOME
80,255
80,255
86,135
EXPENDITURE
Charitable activities
78,489
78,489
74,936
TOTAL FXPENDITURE
78,489
78,489
74,936
NET INCOMF AND NET
MOVEMENTS IN FUNDS
FOR THE YEAR
1,766
1,766
11,199
RECONCILIATION OF FUNDS
'rotal t.unds brought forward
63,692
63,692
52,493
Total funds carricd forward
£65,458 £65,458 £63,692
The Statement of F inancial Activities includes all gains and losses recognised in the year. All income
and expenditure derive from continuing activities.

Page 12
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31 MARCH 2025
Notes
2025
2024
FIXED ASSETS
Tangible fixed assets
3,490
1,752
TOTAL FIXED ASSETS
3,490
1,752
CURRENT ASSETS
Dcbtors
C(Ish at bank and in hand
10
7,899
59,794
8,541
58,231
TOTAL CURRENT ASSETS
67,693
66,772
LIABILITIES
Creditors: Amounts falling
due within one year
5,725
4,832
NET CURRENT ASSETS
61,968
61,940
TOTAL ASSETS LESS CURRENT
LIABILITIES
65,458
63,692
NET ASSETS
13
£65,458
£63,692
THF FUNDS OF THE CHARITABLE
COMPANY
Unrestricted income funds
14
65,458
63,692
TOTAL CHARITABLE COMPANY FUNDS
£65,458
£63,692

Page 13
VELMORE COMIIIUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
(CONTINUED)
AS AT 31 MARCH 2025
For the year ended 31 March 2025 the charitable company was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to snull companies.
Directors, Responsibilities:
The directors have not required the company to obtain an audit of its Accounts for the year in
question in accordance with section 476. and
the directors acknowledgc their responsibilities for complying with the requirements of the Act
with respcct to accounling records and the prcparatÉon of Accounts.
The directors havc prepared Financial Statements in accordance with the 8pecial provisions of Part
15 of the Companies Act relating to small companies which constitute the annual Financial
Statements required by the Companies Act 2006 and are for circulation to membcrs of the charitablc
company.
The notes on pages 14 to 22 forn] part of these Financial Statements.
Approved by the trustees on 26 November 2025 and signed on their behalf by:
G RIDDOCH
CHAIR
A WATT
TREASURER
Company Registration Number: 07886190

Page 14
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
ACCOUNTING POLICIES
Charity Information
Velmore Community Association is a charitable company established under its Memorandum
and Articles of Association and registered with the Charity Commission and Companies House
in England and Wales. The principal address is Velmore Centre, Falkland Road, Eastleigh,
Hampshire, S053 3GY. The charitable company is a public benefit entity.
The principal accounting policies adopted, judgements and key sources of estimation
uncertainly in thc prcparation of the Financial Stalements are as fallows:
(a) Basis of Preparation
'I'he Financial Statcments have been prepared in accordance with Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their Financial Slalements in accordance with the14 inancial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)),
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
and the Companies Act 2006.
The Financial Statements are prepared in sterling, which is the functional currency of the
charitable company. Monetary amounts are rounded to the nearest £.
(b) Income
All income is includcd in the Statement of Financial Activities when the charltable
company is entitled to the income and thc amount can be quantitied with reasonable
accuracy. The following specific policies are applied to particular categories of income:
Donations and legacies are received by way of donations and gifts and are included
in full in the Statement of Financial Activities when rcceivable.
Donated services and facilities are included at the value to the charitable company
where this can be quantified. The value of services providcd by volunteers has not
been includcd in these Financial Statements.
Investment income is included when rcceivable.
Income from charitablc trading activitics is accounted for when earncd.
Income from grants, where related to perfonnance and specific deliverables, are
acLounled for as the charitable company carns the right to consideration by its
perfonnance.
Government grants are recognised at the fair value received or receivable.

Page 15
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUAIL4NTEE)
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
FOR THE YEAR ENDFD
31 IVIARCH 2025
ACCOUNTING POLICIES (CONTINUED)
(c) Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure
includes VA T as the charitable company is not VAT registered and is reported as part of
the expenditure to which it relates.
Costs of raising funds comprise the costs associated with attracting voluntary income and
the costs of trading for fundraising purposes.
Expenditure on Lharitable aclivities Lomprises Ihose costs incurred by the charitable
c()mpany in the delivcry of its activities and scrviccs for its beneficiaries. It includes both
costs that can be allocated directly to such activities and their associated support costs.
Support costs are those functions thal assist the work of the charitable company but do
not dircctly undertake the charitable activities. These costs have been allocated betwcen
the expenditure categories of the Statement of Financial Activities on a basis designed to
reflect the use of the resource and are apportioned on an appiopriate basis, eg floor areas,
per capita or estimated usage.
Govcrnance costs include those costs associated with meeting the constitutional and
statutory requirements of the charitable company and inLlude the Independent Fxamin¢r's
fees and costs linked lo the strate&iic managFement of the charitable company.
(d) Tan£iblc Fixed Asset$
All fixed assets are initially recorded at cost less accumulated depreciation and any
impainnent losses. Fixed assets over £500 are capitalised.
Depreciation is calculated so &s to write-off the cost of an asset, less its estimated residual
value, over the useful economic life of that asset as follows:
Fixtures and Fittings
25 % reducing balance
(e) Debtors
I'radc and other debtors arc recognised at the settlement amount due. Prepayments arc
valued at the am()unt prepaid net of any trade discounL% due.
(D Cash at Bank and in Hand
Cash at bank and in hand includes cash and short terni 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.

Page 16
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUIIRANTEE)
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2025
ACCOUNTING POLICIES (CONTINUED)
(g) Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation
resulting from a past event that will probably r¢sult in the transfer of funds to a third paty
and the amount due to settle the oblÉgation can be measured or estimated reliably.
Creditors and provisions are norn]ally recognised at their settlement amount after
allowing for any tradc discounts due.
(h) Taxation
The charitable company is exempt from Corporation 'l'ax on its charitable activities,
(i) Fund Accounting
Unrestricted fimds consist of the general purposes fund and designated fi￿ds.
Designated funds are funds established by the trustees from time to time for specific
projects or pU￿oses, are not in any way restricted and any sury)lus or deficit will be
transferred to/from the general purposes fund when the designated fi￿d is closed.
Re8tricted Funds <￿e funds subject to speLific rcslrictions imposed by donors or by the
purpose of the appeal. The purpose and use of designated and restricted funds is set out
in the notes to the F inancial Statements.
ti) Donated Services
Donated services and facilities are included at the value to the charitable company wher¢
thi8 can be quantified.
(k) Financial Instruments
The charitable company only has financial assets and financial liabilities of a kind that
qualify as basic financia] instruments. Basic financial instruments are initially recognised
at transaction value and subsequently measured at their setilement value with the
exception of bank loans which are subsequently measurcd at amortised cost using the
cft¢ctive intercst method.
(l) Significant Judgements and Estimates
Preparation of the Financial Statcments may rcquire management to make significant
judgements and estimates. There are no items in the Financial Statements where
judgements estimates would have a significant effect on amounts recognised in the
Financial Statements.

Page 17
VELMORE COMMUNITY ASSOCIATION
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
FOR THE YEAR ENDFD
31 MARCH 2025
DOIYATIONS AND LEGACIES
2025
Unrestricted Total
Funds
Funds
2024
Total
Funds
Grants received
Other donations
1,678
7,447
1,678
7,447
5,570
6,832
£9,125
£9,125 £12,402
In 2024 the income from donations and legacies of £12,402 was unrestricted.
There were no donated services and facilities receivable which could be quantified in the year
(2024 - none),
INCOME FROM CHARITABLE ACTIVITIES
2025
Unrestricted Total
Funds
2024
Total
Rental income
Café income
52,604
18,119
52,604
18,119
57,318
15,976
£70,723 £70,723 £73,294
In 2024 the income from charitable activities of £73,294 was unrestricted.

Page 18
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINAI¥CIAL STATEMENTS
(CONTINUED)
FOR THE YEAR FNDED
31 MARCH 2025
OTHER TRADING ACTIVITIFS
2025
Unrestricted Total
Funds
Funds
2024
Total
Funds
Other activities
£132
£132
£270
In 2024, the income from other trading activities of £270 was unrestricted.
INVESTMFNT INCOME
2025
Unrestrieted Total
Funds
Funds
2024
Total
Funds
Bank interest received
£275
£275
£169
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITES
2025
Unrestricted Total
Funds
Funds
2024
Total
Funds
Community Centre costs
Support costs
Governance costs
73,331
3,976
1,182
73,331
3,976
1,182
69,892
3,786
1,258
£78,489 £78,489 £74,936
In 2024 the expenditure on charitable activities of £74,936 was unrestricted.

Page 19
VELMORÉ COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
FOR THE YEAR EIYDED
31 MARCH 2025
ANALYSIS OF SUPPORT AND GOVFRNANCE COSTS
The charitable company identifies the costs of its support functions. It then identifies those
costs which relate to the governance function. Having identified its governance costs, the
remaining support costs together with the governance costs are apportioned between the key
charitable activities undertaken (see note 6) in the year. Refer to the table below for the basis
for apportionment and the analysis of support and governance costs.
General
Support Governance
Total
Basis of
Funds Apportionment
Other costs
Independcni Examiner's f¢es
3,976
3,976
1,182
Usage
Governance
1,182
£3,976
£1,182
£5,158
ANALYSIS OF STAFF COSTS, TRUSTEF, REMUNF.RATION AND EXPENSES
AND THE COST OF KEY MANAGFMENT PERSOIYNFL
2025
2024
Wages and salaries
Employer, s pension
46,594
577
45,691
667
£47,171 £46,358
Particulars of Ernployees
The average number of employees during the year was as follows:
202.fj
2024
Administration staff
No employee received remuneration of more than £60,000 during the year (2024 - £nil).
No payments were made to Trustees by way of remuneration or expenses during the year
(2024 - £nil).

Page 20
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEK)
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
FOR THF YEAR ENDED
31 MARCH 2025
TANGIBLE FIXED ASSETS
Fixtures &
Fittings
Total
Cost
At l April 2024
Additions
16,683
2,964
16,683
2,964
As at 31 March 2025
19,647
19,647
Depreciation
At l April 2024
Provided for the year
14,931
1,226
14,931
1,226
As at 31 March 2025
16,157
16,157
Net Book Values
As at 31 March 2025
£3,490
£3,490
As at 31 March 2024
£1,752
£1,752
10. DEBTORS
2025
2024
Trade debtors
7,899
8,541
£7,899
£8,541

Page 21
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
(CONTIIYUED)
FOR THE YEAR ENDED
31 MARCH 2025
I I. CREDITORS: Amounts falling due within one year
2025
2024
Trade creditors
PAYE and pension
Accruals
1,647
460
3,618
901
313
3,618
£5,725
£4,832
12. FINANCIAL INSTRUMENTS
Financial instruments measured at amortised cost comprise the following:
2025
2024
Financial assets that are debt instruments
Financial liabilitics that are debt instruments
£7,899
£5,265
£8,541
£4,519
13. ANALYSIS OF NET ASSETS BETWEFN FUNDS
2025
Unrestricted Total
Funds
Funds
2024
Total
Funds
Tangible fixed assets
Current assets
Current liabilities
3,490
3,490
1,752
67,693
67,693
66,772
(5,725) (5,725) (4,832)
"rotal funds
£65,458 £65,458 £63,692

Page 22
VELMORE COIIqMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2025
14. ANALYSIS OF CHARITABLE FUNDS
At
Incoming Outgoing
At
01.04.24 Resources Resources 31.03.25
Analysis of Movements in
Unrestricted Funds
General Funds
63,692
80,255
78,489
65,458
Total Unrestricted Funds
63,692
80,255
78,489
65,458
Total Funds
£63,692 £80,255 £78,489 £65,458
Unrestricted Funds
lJnrestricted Funds comprise those funds which trustees are free to use in accordance with the
charitable objects.
15. RELATED PARTY TRANSACTIONS
There were no related party transactions arising in the year to 31 March 2025 (2024 - £nil).
16. TAXATION
As a registered charity, the income is generally excmpt from Corporation Tax under Section
478 ot" Ihe Cory)oralion I'axes Act 201 O by reason of its charitable object8 and activitieg.
17. LEGAL STATUS OF THE CHARITABLE COMPANY
The charitable company is limited by guarantee and has no share capital. The liability of each
trustee, in the event of winding-up, is limited to £1.

THE FOLLOWING PAGE
DOES NOT FORM PART OF THE
STATUTORY FINANCIAL STATEMENTS

Page 23
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
DETAILED UNRESTRICTED
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED
31 MARCH 2025
2025
2024
INCOME
Donations and legacies
Charitable activities
Other trading activities
Bank interest received
9,125
70,723
132
275
12,402
73,294
270
169
80,255
86,135
FXPENDITURE
Cafe purchascs
Wages and salaries
Employers, pcnsion
Light and heat
Repairs and maintenance
Insurance
Accountancy
Other professional fees
Telephone
()ther office costs
Licences and subscriptions
Independcnt Examiner. s fees
l)eprcciation
Other sundry items
4,540
46,594
577
9,920
6,624
1,951
2,664
52
722
538
1,614
1,182
1,226
285
4,078
45,691
667
9,553
6,533
1,724
2,478
53
566
689
980
1,258
584
82
78,489
74,936
SURPLUS FOR THF YEAR
£1,766
£11,199