Eagles Nest Community Action
UNAUDITED FINANCIAL STATEMENTS For the year to 30 September 2025
Charity Reg No 1170232 (A CompanylimitedbyGuarantee10373798)
Eagles Nest Community Action Financial Statements for the year to 30 September 2025 Contents
| Page | Contents |
|---|---|
| Page 1 | Company Information |
| Page 2/3 | Directors Trustees' Report |
| Page 4 | Independent Examiners Report |
| Page 5 | Statement of Financial Activities |
| Page 6 | Balance Sheet |
| Page 7 | Notes to the Financial Statements - Accounting Policies |
| Page 8 | Notes to the Financial Statements (Continued) |
| Page 9 | Notes to the Financial Statements (Continued) |
Eagles Nest Community Action Financial Statements for the year to 30 September 2025 Company Information
Directors & Officers Julian Mark Bond Chairman Tina Leonardi Treasurer Rob Jones Address Eagles Nest Community Centre Arnold Nottingham Nottinghamshire NG5 6NZ Registered Office 87 Main Street Newtown Linford Leicestershire LE6 0AF
Independent ExaminerA Pearson FCMA Exec Practice 87 Main Street Newtown Linford Leicestershire LE6 0AF
Page 1
Eagles Nest Community Action Financial Statements for the year to 30 September 2025 Directors Trustees' Report (1)
The Directors, who are also trustees have pleasure in presenting their report and financial statements for the year ended 30 September 2025.
Constitution
Eagles Nest Community Action is a charity and a company limited by guarantee, and does not have a share capital. It is governed by its Memorandum and Articles of Association.
Objectives & Policies of the Charity
(A) To further or benefit the inhabitants of the area of benefit without the distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents particularly (but not exclusively) by
(I) Establishing or securing the establishment of a community site for activities promoted by the Company (hereinafter referred to as 'The Community Site'), and
(ii) Maintaining and managing or co-operating with any local statutory authority in the maintenance and management of such community site, and
(B) To promote such other purposes recognised as charitable under the laws of England and Wales in such parts of the United Kingdom as the directors from time to time may think fit.
Directors & Trustees
Directors who have held office are also Trustees of the charity as follows
Julian Mark Bond Chairman Tina Leonardi Treasurer Rob Jones
Subject to appointments at the Annual General Meeting the directors shall appoint members and committees to control of the affairs of the Club and may delegate any part of its duties to such committees. Without prejudice to the generality of the foregoing, the Directors powers shall include the appointment, control and dismissal of all members and staff.
Review of the Business
Thecharity reportedan income of £34,738 and expenditure of £27,736 resulting in a net surplus of £7,002 which was due to increased lettings and lower utility costs. The total reserves are £21,484 which is very healthy for ENCA.
From October 2024 to October 2025 a wide demographic from the local area continued to benefit from use of the community centre. Regular users of the centre provided the following groups and services: Adult support groups, a computer club, friendship groups for seniors, exercise classes, parents and toddler groups, youth clubs, educational classes for children, animal training classes, multicultural worship gatherings, and other specialist shared interest groups. The centre has also been a thriving hub for those holding family celebrations. Groups held at the centre included a total of 60 hours a month of provision for elderly and isolated people, 15 hours a month of provision for youth and 40 hours per month of provision for preschool and primary age children and their families.
The Trustees are satisfied that the charity has adequate resources to continue operating as a 'Going Concern for the forseeable future.
Page 2
Eagles Nest Community Action Financial Statements for the year to 30 September 2025 Directors Trustees' Report (2)
Reserves Policy
The Reserve Policy agreed by the Committee is to maintain Unrestricted Funds in the form of bank deposits.
Public Interest
The Directorsaim to ensure management systems are in place to ensure that correct procedures are maintained for the safe operation of activities throughout the charity. Activities are planned which provide broad interest for all users in the locality of the community centre.
The Committees' 'Quality Assurance' sub committee is committed to raise standards and safeguard young people. As part of this review, management systems are in place to ensure that correct procedures are maintained for the safe operation of activities throughout the Association.
Statement of Trustees Responsibilities
The Trustees are required as a charity and under the Companies Act 2006 and Charities Act 2011 to prepare financial statements for each financial year which give a true and fair view of the affairs of the company and disclose the net income or expenditure of the charity for that period and
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select suitable accounting policies and apply them consistently
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make reasonable and prudent judgements and estimates
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business
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observe the methods and principles in the Charities SORP
The Trustees are also responsible for:
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keeping proper accounting records
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safeguarding the companys' assets
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taking reasonable steps for the prevention of fraud
Small Company Exemptions
In preparing the report the directors have taken advantage of the small companys exemptions in Part 15 of the Companies Act 2006
Approved by the Director Trustees on …… …………… ……………… And signed on its behalf by: 1 June
Julian Bond Director Chairman
Tina Leonardi Director Treasurer
Page 3
Eagles Nest Community Action Financial Statements for the year to 30 September 2025 Independent Examiners Report
Independent Examiners Report to the Trustees
I report on the accounts of the company for the year ended 30 September 2025 which which are set out on pages 5 to 9
Respective responsibilities of Trustees and Examiner
The trustees' (who are also directors of the company for company law) are reponsible 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(the 2011 Act). and that an independent examination is needed. I am qualified to undertake the independent examination, by being a qualified member of CIMA.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention
Basis of Independent Examination
My examination wascarried out in accordance with the directions given by the Charity Commissioners. An examination includes review of accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of the any unusual items or disclosures in the accounts and seeking explanations from Director Trustees on any such matters. The procedures undertaken do not provide all the evidence that would be required for an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below
Independent Examiners Statement
In connection with my examination, no matter has come to my attention
1which gives me reasonable cause to believe that in any material respect the requirements
ato keep accounting records in accordance with s386 of the Companies Act 2006, and
bto prepare accounts which accord with the accounting records, comply with
the accounting requirements of section 396 of the Companies Act 2006, and with the method and principles of the Statement of Recommended Practice : Accounting and Reporting by Charities have not been met, or
- 2to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Mr A Pearson FCMA
Exec Practice Ltd 87 Main Street Newtown Linford Leicestershire LE6 0AF
Date: 22-Dec-25
Page 4
Eagles Nest Community Action Financial Statements for the year to 30 September 2025 Statement of Financial Activities
| Total Income Note Incoming Resources Charitable Activity Costs Charitable Activities 3 |
£ Unrestricted Funds £ Restricted Funds £ Total 2025 £ Total 2024 |
|---|---|
| 34,738 34,738 22,591 - |
|
| 34,738 34,738 22,591 - |
|
| Light & Heat | 7,946 7,946 10,248 - |
| Total Charitable Activity Costs IndependentExamination OtherCosts Computer & IT Cleaning & Maintenance Wages & Salaries Insurance Accounts Office & Sundry Expenses Bank Charges Refuse Collection Charity Hub |
432 3,033 10,295 890 885 265 255 2,117 1,258 432 3,033 10,295 890 885 265 255 2,117 1,258 432 3,244 10,347 882 840 285 447 2,427 1,187 - - - - - - - - - |
| 27,376 27,376 30,339 - |
|
| 360 360 360 - |
|
| Total Reserves c/f Total Expenditure Net Income/(Expenditure) for the Year Total Reserves b/f |
27,736 27,736 30,699 - |
| 7,002 14,482 7,002 14,482 (8,108) 22,590 - - |
|
| 21,484 21,484 14,482 - |
Page 5
Eagles Nest Community Action Financial Statements for the year to 30 September 2025 Balance Sheet
| Note Assets Reserves Net Assets Total Reserves Fixed Assets Current Assets Net Current Assets Less Current Liabilities 4 6 7 10 Designated Funds Unrestricted funds Restricted funds Stock Debtors & Prepayments Cash at Bank and in hand Creditors less than one year Creditors more than one year |
£ Unrestricted Funds £ Restricted Funds £ T otal 2025 £ Total 2024 |
|---|---|
| - - - - |
|
| - 3,509 22,396 - 1729 17,174 - 3,509 22,396 - - - |
|
| 25,905 18,903 25,905 - - - - - |
|
| 25,905 18,903 25,905 - |
|
| (4,421) (4,421) (4,421) - |
|
| 21,484 21,484 14,482 - |
|
| - 21,484 - - 14,482 - - 21,484 - - - - |
|
| 21,484 21,484 14,482 - |
|
| - |
For the year ended 30 September 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
Approved by the Trustees on ……1June[ …………… ……And signed on its behalf by:]
Chairman
Julian Bond Tina Leonardi
Page 6
Treasurer
Eagles Nest Community Action Financial Statements for the year to 30 September 2025 Notes to the Financial Statements
1 Accounting Policies
1.1aBasis of preparation
The charity is a 'public benefit entity'. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements as permitted by FRS 102
- the requirements of Section 7 Statement of Cash Flows
1.1bPreparation of the accounts on a going concern basis
The Charity reported a surplus of £7002 (£8,108 Deficit) for the year ended 30 September 2025. The trustees are of the view, that given the Charity's reserve position, and outlook of support for the next 12 months, that the charity is a going concern.
1.2 Resources Expended
Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings, costs have been allocated to activities on a basis consistent with the use of resources. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure and it is probable that a transfer of economic benefit will be required in settlement of the obligation, and can be reliably measured.
1.3Donations and Voluntary Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to funds and it is probable that the income will be received and the amount can be measured reliably. Donations and Voluntary Income are accounted for when received.
1.4 Grants Receivable
Grants for immediate expenditure are accounted for when they become receivable. Grants received for specific purposes are treated as restricted funds.
1.5 Grants Payable
Grants Payable are accounted for when they are paid.
Allocation of Costs
1.6
Costs have been allocated between charitable activity and governance costs Where items involve more than one fund they are apportioned between categories, and apportioned to fund based on the estimated expenditure of resource according to the nature of cost. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The aim and use of restricted funds is set out in the notes to the financial statements.
z 1.7 Fixed Assets and Depreciation
Fixed Assets for charity use are capitalised at cost, or valuation if donated. Depreciation is calculated to write off the assets. Less their estimated residual value, over their useful lives on the following basis: Land and Buildings are held under an operating lease date April 2009 (35 years) no rent is payable and there is an option to extend the lease thereafter
FFE Depreciation 10 years straight line basis
Depreciation commences in the year after purchase or commissioning
1.8Comparative Figures
ComparativeCostsarere-stated as applicable to aligne with the year reported.
2 Grants and Donations
During the year the charity received no voluntary income
| Total Other Grants & Donations |
£ Total 2025 - - - - - £ Unrestricted £ Restricted - - Total 2024 - |
|---|---|
Page ~~7~~
Eagles Nest Community Action Financial Statements for the year to 30 September 2025 Notes to the Financial Statements
| 3 4 5 Fixed Assets Net Book value c/f Employment costs: Wages and salaries Employers national insurance Pension contributions Staff costs Number of employees: Activities for Generating Funds Room Hire Other T otal Net Book value b/f Additions Disposals Depreciation Theaveragenumber ofpaid part-time employees during the year were: |
£ Equipment Unrestricted - 2025 34,738 - ~~34,738~~ £ Equipment Restricted - £ Total - - - - - 22,591 2024 22,591 - - - - - - |
2025 34,738 - - 2024 22,591 |
|---|---|---|
| ~~34,738~~ | ||
| - | - - |
|
| 2025 2024 2 10,347 - - 10,295 - - 2 |
||
| 10,295 ~~10,347~~ |
No employee received remuneration amounting to more than £60,000 in either year. Staff directly associated with Club Activities are shown under Cost of Generating Voluntary Income
6 Stocks
Stocks are valued at the lower of cost or market value
Page 8
Eagles Nest Community Action Financial Statements for the year to 30 September 2025 Notes to the Financial Statements
| 7 8 Fund balance Analysis of Net Assets Creditors : amounts falling due within one year Accruals Fixed Assets Current Assets Current Liabilities Long Term Loans Designated - - - Unrestricted - 25,905 - (4,421) 21,484 Restricted - - - - - |
7 8 Fund balance Analysis of Net Assets Creditors : amounts falling due within one year Accruals Fixed Assets Current Assets Current Liabilities Long Term Loans Designated - - - Unrestricted - 25,905 - (4,421) 21,484 Restricted - - - - - |
2025 £ Total - 25,905 - (4,421) 21,484 2024 £ - - - - |
|---|---|---|
| 21,484 - - |
9 Transactions with Director Trustees & Related Parties
No Trustees received remuneration or reimbursed expenses during the year.
| Creditors | more than one year | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Loan | Eagles Nest Church | 4,421 | 4,421 |
10 Creditors more than one year
12 Controlling Party
No one party has control over the company
Page 9