ST NICHOLAS COMMUNITY ASSOCIATION Accounts for the r ended 31st March 2025 Charit No: 1170645 Hargreaves Owen Chartered Certified Accountants Red Sky House Fairclough Hall Halls Green Weston, Hitchin Hertfordshire SG4 7DP
ST NICHOLAS COMMUNITY ASSOCIATION For the ear ended 31st March 2025 CONTENTS Infonnation page 2to4 Trustees report Independent examlners report Recelpts and payments account Statements of assets and liabllities Accountlng pollcles
TNICHOLts COMMUNrrY AssoaATION LEGALAND ADMINISTRATIVE INFORMATION Forthe r ended 31st Mar<h Tnes Mr P Walnlka Ichaimianl Rev K Wood (Treasurer) MrSAdeyemi Mrs C Wood MrsA Ka8unga MrsLAwlah Mrs C Parrls Mrs F Spittles Mlss C Cofie Charlty number 1170645 Princlpl• address Thecommunitycentre 59 Canterbury way Stevenage SG14U Independem •xmlner Karen Bunyan FCC4 Har8reaves Owen Umlted Red Sky House Fairclough Hall Halls Green Weston Hitchin Herts SG4 7DP Bankers Barclays Bank plc North Herts Group 5/6 High Street Hltthin SG5 18J
sr NICHOLAS COMMUNfrY ASSOCIATION TRusfEVS REPORT Forthe ar ended 31st March 2025 The trustees have the pleasure in presenting thelr annual report, together with the unaudited accounts for the year ended 31st March 2025. Chailtable Objectfves and Actlvltles The princlpal actlvlty of the charity is to promote the benefit of the inhabitants of the St Nitholas area of Stevenage, by associating with local authoritie5. voluntary organisations and inhabitants In a common efft)rt to advance education and to provide facilities in the interest of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said habitants. Additionally to establish or to Secure the establishment of a community building and to maintain and rnanage or to co-operate with any local statutory authority in the maintenance and management of such a centre for activities promoted by the tharity and its constituents bodies in furtherance of the above objectives. The trustees confirm5 that they have had regard for the charity commission guidance on public benefit The charlty Is governed by the constitution dated 16th April 1975, which was later amended on the 19th Au8USt 1994. Achlevements and performance and flnandal review At the year end, the charity held cash funds of £48,9421202& £37,264) in varlous bank accounts and a small amount of cash in hand also. The receipts and payments account this year shows a net surplus of £11,22912024 - £1.290 net surplus). Rlsk Revlew The trustees artfvely review the major risk which the charity faces on a regular basis and believe that malntaining reserves, combined with an annual review of the controls over key financial systerns will provide sufficient resources for normal operating risks. The trustees have also examined other operational and buslness risks which are faced and confirm they have estsblished systems to mltigate si8nifi¢ant risks. Reserve Policy In the past the St Nicholas Community Association has suffered a number of financial difficulties. as a result of unforeseen and unbudgeted expenditure or. more usually. unanticipated reductions in incorne. The intention of this reserves policy is to ensure that the organisation has adequate funds to meet both forecast and unexpected expenditures. The current trustees have reviewed and endorsed this policy. which is to try to build up and maintsin level of reserve5 in the form of cash deposited with banks or other sounds financial institutions which can be accessed at short notice, and which would provide the tharity with three months income. The likely impact of significant bank balances on the attitude of our principal grant providers, the probable scenari05 which would result In a sudden and si8nificant reduction of inwme. the undesirabS11ty of leaving large sum5 of money in the bank dolng nothin8 for our area of benefit.
ST NICHOLAS COMMUN ASSOCIATION TRUSTEE'S REPORT For the ar ènded 31st Marth 2025 The current trustees have revlewed and endorsed thls policy. whlch 15 to try to bulld up and maintaln level of reserles In the fonn of Cash deposlted wlth bank5 or other sound finanelal instltution5 which can be accessed at short notlce, and which would provkle the Assoclatlon wlth three months income, if all other sources of Income drled up. In arrlving at the same three month5 Income flgure, the trustees took Into account: 11 the likely Impact of signlftcant bank balanos on the attitude of our princlpal grant provlders. 2} the probable scenarios whlch would result in a Sudden and slgnlflcant redurtion of income, 31 the unde5irablllty of leavln8 large sums of money In the bank dolng nothlng for our area of benefft.
sr NICHOIAS COMMUNITY ASSOCIATION TRU5fEE'S REPORT Forthe ar ended 31st March 2025 Chalrman's report The chairman's report Is Included as an appendlx to these accounts. Statement of trustees responsibllltles The law applicable to charitie5 in England Wales requires the trustees to prepare financial statements for each finanaal year which gives a true and fair view of the charity's financial attivities during the year and of its financial position at the end of the year. In preparing these financial statement the trustees are required to . a) select suitable accounting policies and then apply them consistently- b) make judgements and estimates that are 050nable and prudent: cl state whether applicable accounting standards and statements of recommended prartlce have been followed, subject to any material departures dlsclosed ènd explained in the financial statements: d) prepare the financial Statements on a going concern basls unless It is inappropriate to presume that the assoclation wlll continue In operatlon. The trustees are reasonable for keeplng a proper accounting records which dlsclose, wlth reasonable accuracy at any time. the financial position of the association. and enable them to ensure that the provision financial statements comply with the Charities Act 2011. the charity l Account5 and Reports) regulation5 and the provision financial of the assoclations governing document. The trustee5 are also responsible for safeguardinE the assets of the association and hence taking reasonable steps for the prevention and detettion of fraud and other irregularities. The trustees dedare that they have approved the trustees report signed on behalf of the charity'5 trustees above. Signed: Date.. 2fA/
5T NICHOLAS COMMUNITY ASSOaATION INDEPENDE14T EXAMINERS REpoKr For the ear ended 31st March 2025 I report on the accounts of the charity forthe year ended 31st March 2025, which are set out on pages 6t0 8. Respective responslbllhles of trustees and examlners As the charity's trustee5 you are reasonable for the preparatlon of the accounts. You consider that an audit is not required forthis year under section 14412) of the Charite5 Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the attounts under sertion 145 of the 2011 Act; - to follow the procedures laid down in the general Direction5 given by the Charity Commission under section 145 (5llb} of the 2011 Art: arKI - to State whether particular matters have come to my attentlon. 8asls of Independent examlners report My examinatlon was carried out in accordance with the General Dlreetions gtven by the Charity Commlssion. An examination included a revlew of the accounting records kept by the charty and a comparlson of the accounts presented with those records. It also includes consideratlon of any unusual items or diselosures in the accounts, and seeking explanations from as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audtt. and eonsequently no opinion is 8iven as to whetherthe accounts present a true and fair, view and the report 15 limited to those matters Set out in the Statement below. Independent examlnees report In connection with my examination, no matter ha5 come to my attention: l. Which give5 me cause to believe that in any material SpeCt the quireMents.. - to keep accounting records In accordance with section 130 of the 2011 Art. and - to prepare accounts which accordance with the accounting records and to comply wlth the accountin8 requirements of the 2011 Act have not been met. 2. To whlch. In my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached. Karen Bunyan FCCA Hargreaves Owen Limited Red Sky House Fairclough Hall Halls Green Weston Hitchin SG4 7DP Oate: Is l081102S
sr NICHOLA5 COMMUNITY ASSOCIATION REaEPTS AND PAYMENTS ACCOUNT or the ended 31st March 20 fjeneral R•strl¢ted fund Funds Total 2025 Total 2024 Photocopy sale income Room hire and lettlngs Grants Donations Storage income 75,486 9,860 278 75A86 9,860 278 69,281 3,199 19 Total recelpts 85.628 85,628 72.499 Payments Water rate5 Rates Wages and salarlÈs Licences and subscriptlons Telephone charges Cleaning materia151 costs Printing postage and statlonery Sundry expenses Heatlns and Ilghtlng Repairs and renewals Insurance Computer expenses Gardenlng Donatlons Professional feesl accountancy and legal Waste disposal Centre refurbishment Health and safety Discounts allowed 6,359 695 32.424 691 787 18.fJJO 539 6.359 695 32,424 691 787 18.600 539 683 10,152 4.545 463 28.570 139 1.246 12.633 1.593 10,152 17,299 982 335 620 982 335 620 829 397 132 100 627 683 Total payments 74,398 74.398 71209 Net Surplus/ (Deficitl 11.229 11,229 1,290 Cash and bank balance at 3ty0312024 37,264 Qsh and bank balanc• at 3Y0312025 48A93
ST NICHOLAS COMMUNITY ASSOCIATION STATEMENT OFASSETS AND UABILITIE5 Forthe ar ended 31st March 2025 Cash funds Total 2025 Totsl 2024 Bank current account Cash In hand 48.931 li 37.253 li 48.942 37,264 Other monetary assets Room hire and letting 2.338 2.338 Llabllltles Creditors 4,412 4,412 Other assets For use by the Charlty Extra piayground item5 (Cost £6.353.57 paid for bygrants from Herts. Comm. Trust, SBC Comm. Trust, English P/ships Mlllenium prolect and fundrai5ing- Ocl.'OOI (Cost £2.000 paid for by the grant from Joint Local Committee July'OO) {Cost £2,169 paid for by 8rant from Joint Local Commlttee JUne'Cl Icost £1,357 pald for mostly by SRB underspend grant '021 Icost £1,082 pald for bySR8 underspend grant '021 (Cost £3.416 paid for by SR8 underspend grant '021 (Cost £898 paid for by the SRB underspend 021031 (Cost £697 paid for by the SRB underspend 031041 {Cost £736 paid for by Stevenage Communlty Trust Grant 04105} Icost £1,157 paid for by Young Women's Group 041051 (Cost £528 paid for by Young Women's group) IC05t £1,103.33 paid for by St Nicholas Comrnunlty Assoclatlon 031061 {Cosl £1,231.40 paid for by SBC grant 041061 (C05t £1.050 paid for by St Nicholas Communlty Assoclatlon 301071 (Cost £1,522.13 paid in part by s and St Nicholas Community Association New floorlng Patio slabbln Cupboards and filing cabinets Office furnlture New flooring Furnlture Tables Stacking chair5 New table5 Cupboard Bllnds Photocopier Cupboard Electric cooker 301071 (Cost £298.22 paid by SCT grant 051071 (Cost £620.22 paid by scfgrant 051071 {Cost £769.39 pald by Sgrant 051071 (Cost £l.011.12 paid by SBC grant 111081 (Cost £776.75 paid by SBC grant 1ty02} (Cost £238 paid by SBC grant 111081 IC05t £650 pald partly by Fujltsu Serylce5 061091 (Cost £754 paid partly by SBC grant 071091 (Cost £2.495 pald for by St Nitholas Community Association 06110 {Cost £1.014.09 paid for by grant aid from Councillor's budgets 01112) (Cost £l.J47.50 paid partly by grant aid from Councillor's budgets 031121 Cost £360 paid for by St Nicholas Community Association 081131 Icost £570.40 paid for by St Nicholas Community Association 08113} {Cost £1,440 paid by St Nicholas Community Association 021141 {Cost £680 paid by St Nicholas Community Association 02114} Notke boards Mobile screens Foldin8 tables Kitchen units Cooker Fridge Storage shed Garden benches Built-in cupboards Storage shed New floorir Printer Computsr equipment StsCng chairs CCTV equipment Approved by the trustees on: Signed Dats 3f/,,/-
ST NICHOLAS COMMUNITY AssoaATION ACCOUNTING POUCIES For the ar ended 31st March 2025 The accounts have been prepared usingthe Receipts and Payments basis. Funds General fvnds represent funds that are not subject to any special striCt10n5 regarding thelr use and are available for applicatlon to the general purpose of the Charity. The accounts Include monetsry transactions, assets ènd liabllltles for which the Charity can be held responsible. Subject to the above, recelpts and payments include Income as received and expendlture when Irrevocably paid. Statement of Assets and Uabllltie5 The followln8 are recognised but not valued In Statement of Assets and Uabllltles.. - Flxtures, fftting5 and office equipment where the Charity Is free to dlspose of such a55ets. Closing bank balan$ are shown In the receipts and payments accounts. The following liabllities are recognised in the Ststement of Assets and Liabllities - Creditors forgoods or services where the supply has been received and invoiced by 31st March 2025. - Debtors where involces had been raised by 31st March 2025. Taxatlon The entity is a Registered Charlty (No. 11706451 and accordingly Is not liable to taxation on Its income.