Signature: Date: Name of Trustee: Role: Signature: Date: Approved on: 2a-Il_lo)L&
NORTHSTEAD COMMUNITY CENTRE ANNUAL REPORT AND FULL ACCOUNTS Financial Year: l April 2024- 31 March 2025 Bank: HSBC UK Status: Not trading during the year I. TRUSTEES, / MANAGEMENT REPORT Northstead Community Centre operated in a non-trading and developmental capacity during the year ended 31 March 2025. The organisation did not deliver funded activities and did not receive any income during the year. The focus during this period was on safeguarding existing funds, maintaining compliance, exploring sustainable funding, opportunities, and building partnerships for future development. The organisation remains financially stable with no liabilities. 2. ACTIVITIES AND OPERATIONS No trading activity took place No income was generated
No staff or volunteers were formally engaged No international or overseas activity took place The year was used to plan future direction rather than deliver services. 3. SUPPORT IN KIND Your Care Team Ltd (YCT) has provided significant support in kind to Northstead Community Centre. • YCT is not charging any rent YCT is allowing the Centre to use a room / space This support enabled the Centre to operate without premises costs while not trading No financial value has been assigned to this support in the accounts. 4. STRATEGIC DEVELOPMENT AND CHANGE TO INTERNATIONAL STATUS Due to funding requirements, Northstead Commlinity Centre needs to change its status to an international organisation.
The Centre has approached a number ofbusinesses regarding charitable support. Some businesses have confirmed that they are willing to support the Centre once its status is changed to international, as their charitable focus is on building and supporting communities in third-world and disadvantaged countries. One such organisation is Your Care Team Ltd (YCT), which has indicated it would provide charitable support once the status change is completed. The reason for this change is to enable the Centre to: Access appropriate charitable funding Build communities in Pakistan Build communities in Bangladesh Build communities in India Build communities in other war-torn countries Operate through volunteers or casual workers once properly established No international activity took place during the financial year ended 31 March 2025. 5. INCOME AND EXPENDITURE ACCOUNT For the year ended 31 March 2025
INCOME Donations: £0.00 Grants: £0.00 Fundraising; £0.00 Other income: £0.00 Total Income: £0.00 EXPENDITURE Companies House late filing penalty: £ioo.00 Bank charges (HSBC £5 x 3 months): £15.00 Total Expenditure: £115.00 Net Deficit for the Year: £115.00 6. EXPLANATION OF COMPANIES HOUSE PENALTY A £100 Companies House late filing penalty was incurred dliring the year. The organisation was not trading at the time, and the trustees were not aware that filings were still required while the organisation was dormant.
This was a one-off administrative cost, and procedures are now in place to ensure compliance going forward. 7. STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) As at 31 March 2025 ASSETS Cash atbank: £4,059.23 Total Assets: £4,059.23 LIABILITIES Liabilities: £0.00 Net Assets: £4,059.23 RESERVES Unrestricted funds: £4,059.23 8. BANK RECONCILIATION
Opening balance at l April 2024: £4,174.23 Less: Companies House penalty: £lOO.00 Less: Bank charges: £15.00 Closing balance at 31 March 2025: £4,059.23 The closing balance agrees to the HSBC banlc statement dated 26 March 2025. 9. ACCOUNTING POLICIES l. Accounts prepared on a receipts and payments basis 2. Assets stated at cash value 3. No depreciation applicable 4. No VAT applicable 5. No employees during tlie year 10. TRUSTEES, DECLARATION These accounts and this report have been prepared from the bank statements and records of Northstead Community Centre