2025-03-31-accounts

NCI Community Association CIO (CE012330) Annual Report – 2024-2025

The Trustees present their annual report for the NCI Community Association CIO for the year ended 31st March 2025. The financial statements comply with the Charities Act 2011 and 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) issued October 2019 (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

NCI Community Association CIO (the charity) is an incorporated entity governed under a Constitution of a Charitable Incorporated Organisation.

The Trustees are responsible for the overall management and control of NCI Community Association CIO and hold regular meetings.

All Trustees give their time freely and no remuneration was paid during the year.

ORGANISATION AND APPOINTMENT OF TRUSTEES

The charity is run by the Trustees. The Trustees are made of full members of the organisation, elected annually at the Annual General Meeting.

TRUSTEES

E Papaloizou (Chair)

D Savage (Hon Treasurer)

P Yoxen (Secretary)

J Benstead

G Butler

D Cole

J Learmonth

C Leonardi

I Rolls

M Taylor

RISK MANAGEMENT

The Trustees are responsible for the overseeing of the risks faced by the charity. Risks are identified, assessed and controls established throughout the year. The Trustees believe that the adopted approach of close monitoring of the operations, staffing and finances of the Charity will mitigate the significant risks.

In addition, the charity has further policies in place to cover all major business risks which are reviewed annually.

OBJECTIVES AND ACTIVITIES AND PUBLIC BENEFIT

The Trustees are aware of the Charity Commission guidance on public benefit and their operation of the charity reflects this. The Trustees believe the charity satisfies its public benefit obligation.

FINANCIAL REVIEW AND RESERVES

The financial results for the year ended 31st March 2025 show an overall deficit on unrestricted reserves of £17,807 (2024: unrestricted deficit of £13,389).

Total income (Room hire, subscriptions, games) £34,660 (£27,036 2023-4) Total running costs excluding improvements £30,150 Improvements and repairs £22,317 Cash at Bank £32,654 (£38,441 2023-4)

ACHIEVEMENTS AND PERFORMANCE

Ongoing use of the premises has continued to grow with more than 10 local community groups using the premises regularly. The Trustees are continuing to promote successfully the Centre as a community hub, with the hall and other rooms being increasingly in use for local public and private events.

There has been considerable expenditure (more than £22,000) in 2024-5 on essential maintenance and the improvement of the premises, including the main roof and the weather proofing of the hall wall.

NCI COMMUNITY ASSOCIA TION CIO FfNANCIAL STATEMEFrrs FOR THE YEAR ENDED 31 ST MARCH 2025 CONTENTS AND ADMINISTRATTVE tNFORMATION CONTENTS PAGE: Trustees Report Independent ExaTnin¢rs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements CHAIR.. E Papaloizou TRUSTEES.. E Papaloizou D Savage M Byrd (resigned 31103124) D Cole C Leonardi J Learnionth l Ralls (appointed 01107124) J Benstead (8ppointed 01104124) co-oFrED TRUSTEES.. Butler M Taylor P Yoxen (Secretary) PIUNCtPAL OFFICE: Holland Street CaMbridge CB4 3DL CHARITY NUMBER: 1174830 CHARITY ￿CoRPoRA TION NUMBER.. CE012330 BANKERS.. Lloyds Bank Park Row Leeds Birniingham OSC4 Ariel House 2138 CoveDty Road Sheldon B26 3JW

NCI COMMUNITY ASSOCtATION CIO PAGE I FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2025 TRUSTEES ANNUAL BEPORT The Trustees present their annual report for the NCI Comrnunity Association CIO for the year ellded 3 1st March 2025. The financial statements comply witb the Charities Act 2011 and Accounting and R¢porting by Charities: Stratement of Recommended Practice applicable to charities preparing th¢iT a￿OuntS in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) isslled October 2019 (effective l January 2019). STRUCTURE, GOVERJIANCE AND MANAGEMENT NCI Community Association CIO (the charity) is incorporated entity govemed under a ConstittLtioll of a Cbaritable Incorporated Organisation. The Trustees are responsible for the overall management and con1rol of NCI Community Association CIO and hold regular meetings. All T￿SteeS give their time freely and no remuneration w&s paid during the year. ORGANISATION AND APPOINTMENT OF TRUSTEES The charity is run by the Trnstees. The Trustee8 are made of full rn¢mbeT5 of the organisation, elected aTmually at the Annual General Meeting. IUSK MANAGEMENr. The Trustees are responsible for the overseeing of the risks faced by the charity, Risk5 are ideDtÉfie4 a5se88ed alld controls established thToughout the ye￿. The Trustees believe that the adopted approach of close monitoring of the operations. staffing and fllwices of the Charity will n]itigate the significant risks. In additio￿ the charty ha8 further policie5 in place to cover all major business Tisks which are reviewed annually. OBJECTIVES AND AC TIVITIES AND PUBLIC BENEFIT The Trustees are aware of the Charity Lommission guidance on public benefit and their operation of the cEwity reflects The Truste¢s believe the charity satisfies its public benefit obligation. FINANCIAL REVIEW AND RESERVES The fmancial results for the year ended 3 1st March 2025 show an overall deficit on unrestrictsd reserves of £17,807 (2024.. LLnrestriGted deficit of £13,389). Total income (Roorn bire, subscTiplions, garoes) Total rLU)ning costs excluding improvements Improvements and r¢pairs £34,660 £30,150 £22,317 (£27,036 20234) Cash at bank £32,654 (£38,44120234) ACHIEVEMENTS AND PERSORMANCE Ongoing u8e of the premises has continued to grow with more than 10 local community ￿0upS using the p￿miseS regularly. The Trustees are continuing to promote tbe centre as a con]munity hub with the hall atLd other roorns being increasingty in use for local public and private events, There has been consid¢rable expenditure (more than £22,000) in 2024-5 on essential nmintenance alld the improvement of the premises, including the main roof and the weather proofing of tbe hall wall,

NCI COMN(UNfi'Y ASSOCIAI'ION C'IO FfNANCIAI. s'fAI'IMTr",NTS FOR'I'HF. YUAR INDED 31 s"r MARCEI 2025 TRUS'fLES ANNUAL tU..:PORT ,.,,....,,.,,,,...,.,,,,,,,/iontinucd 8"rA.rEM￿N.[' OF TRU%'fL,F-.S IIISFON8IJ31LITIES 'rhe 'l'ruslL¢8 f¢quiTcd by cl)&i'ity law lu pi'¢par¢ finaiic,iNI slatem¢nts for ¢&cli year wbich give u Ituo ￿)d falr viLw of itrke slal¢ of affairs oetb¢ cliarity Ai)d of Llie lurplus oi. defi¢it i)f the ¢lJartty for that year. In pi-epiring thos¢ inaneidl st&lemeni3, tlitt Tn14tees are required to.'_ (a) Select 8uil&ble ac¢ounting policics at]d illen apply Ilicin ¥onxkstently', (b) Mak¢ j￿dg￿Mell1E ulld ¢siinial&g Iliui arLi reasouable Ekii(I pnideiit; (c) Prepare tlie fiAaii¢i&l sthtemenl.s on a goin¥ cottGern hasi8 unlcss it i¥ inai>propriatc to pr¢&utt)e Ihat lh¢ Lh&rity will CDn¢irtue in operutkon; (d) Slal¢ wlietliei. the poli¢2¢S ddoptLd aro in 4¥Lordattc# with ItLe L'h&ritiLS Act 2011 and with applicable d¢Louiiting ¥tandards &ud Stat￿￿Èn￿LIIa ul. RocoDinieJded Praclicb, subj¢¢i to aiiy inafLrial Il¢pdi*ure dIN¢l¢￿¢d axid explain¢cl iii th¢ fitU￿￿181 8llllemenls.' (e) Observe tlic mtrihoily ￿ld priTi¢ipal% ol tli¢ LI￿ritIe% SORP. 'nLe 'l'rust¢¢s 8pon,qible t'or keepin8 pi'oper a¢couLllin8 rcrords wluL17 di81108e with YeasL)tiable. accuracy al any Itme th¢ fLnall¢ial position ofr'lh¢ cltsriiy to triJsur¢ that the lillan¢ial 814ltm¢nlS eothply with the Cknrilies Act. Thtt Trustec& ￿re also respo11￿lble tor saEcgui¥ Tding the tts¥c18 ()f the charity and h¢nce for lakinLv r¢a8anuble slep8 fi)r the preveiitiull hnd detection ot, fraiid gmd oilier i￿egularl11¢￿. The Ti'u8tse$ confirm th¢y have referred 10 tliL guidanc¢ conthilled Ilie Churiiy CoiDmissiuJi'% general ¥Liidankno public b&1elil rLviewing thc aiid ()bje¢tlVCS ¥iiJd iii p￿InnIng fiilure activities. ON BIIIALr or 'rFIL BOARD OF TIIUSTL,LS D SAVAGE TkUSTI-;I-: 15-09-2025 Dale.,

NCI COMNtttNFrY ASSOCIATION CIO PAGE 3 FINANCIAL STATEMENfs FOR THE YEAR ENDED 3 1ST MAIiCH 2025 INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF NCI COMMUNITY ASSOCL4IION CIO I r¢port lo the Trustees on my eXa￿Ination of the accounts of NCI Conynl￿1ty A8socaition Charitable Incorporated Organi8ation Cthe CIO,) for the year ended 31 March 2025, RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 201 I Cthe Act,). I report in respect of my examination of th¢ CIO'S account8 carried out ulld&' sectiou 145 of the 201 l Act an(l itt c￿illg out n]y examination I have followed all the applicabl¢ Direetions given by the Charity Commission utLdet section 145(5)(b) of the Act, tNDEPENDENT EXAMINERS, STATEMBNT I have cotwleted my examination. I confm d]at no fftaterial matters have come to my a¢ten¢ion in conne¢tÈon Wkth the examination giving me cause to believe that in any nHterial respect.. (l ) accowiting records were not kept as required by section 130 of tbe ACÉ. or (2) the a¢wunt8 do t￿t accord with th08e records. or (3) the accouots do not comply with the applicable iequirements concerning the forni and colltent of accounts set out in tkLe Charities (Accounts and Reports) Regulations 2008 other tlwi any requirement that the accounts gtve a 'true and fair vkew which is not a matter ¢onsidei¢d a8 part of att ittdependellt examiuation. I have iio concerns and have come across no other matters in connection with the examin&tion to whiGEL attentloll should be drawll in thts report in order to enable & proper understanding of the accounts to be reached, NIGEL A PRENTIS FCA FOR AND ONBEHALF OF PRENTIS & CO LLP CHARTERED ACCOUNTANTS & INDEPENDF,NT EXAMINERS ISEh & 202s. 115c Milton Road Cambridge CB4 IXE

NCI COMMUMTY ASSOCIATION CIO PAGli 4 F￿ANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 STATEN(ENT OF FFNANCIAL ACTlVtfIES Total Tot&1 Unrestricted Unrestricted 2025 2024 Notes INCOME Hall and room rentals sub￿rIptIOns Games Other income 26,625 1,330 6,270 435 E6,286 965 9,485 300 TOTAL tNCOME 34,660 27,036 EXPENDITURE 52,467 40,425 TOTAL EXPENDFfuRE 52,467 40,425 NET MOVENIENT IN FUNDS FOR THE YEAR (17,807} (13,389) RECONCILIATION OF FUNDS Total ￿ll￿ balance brought fonvard Total fund balance Carried forward 109,726 123,115 91,919 109,726 The Statement of Financial ActiviLies includes all gains and losses recognis¢d in the y¢ar. IJI The notes on page 6 to 8 form part of these fll]ancial statetllents.

NC.I cob￿UNITy ASSOCIAIION CIO PAGI..: 5 INAN(:IAL, S'I'ATEMLWI'S FOR l ll4L YF.AR ENL)ED I I ST MARCH 2L)25 BALANC,.I" SHEF:I' 2025 2024 Notes r, IXED Assr:"r8 50,695 62,6(15 CURRE>Kf ASSET'S Casli at bank Debiors 32,654 0,137 38,441 10,137 'I'OTAL C.URRb-Nl' A%SE'I'S' C.URRt,NT LIABIJ.ITLLS Creditors 1,5()7 1,517 NE'f C'URRENY ASSETS 41,224 47,061 I'OTAL NL'I. ASSETS 91.919 109,726 1'14k FUNDS 01--fFIF. c'E1￿uTy UnreytriLie(I kll(;oinL fwids. 91,919 109,72.& TOI'AL CIIAIU1 Y I-,UNDS 109,72fi Th¢ fsiiaiiLial sl&teni¢nis wer¢ approved by Ih¢1308rd of 'l"I'usie¢s on Is_oq- lois D SAVAGr. TRUSTEF. Tlie iioles on pag¢g 6 lo 8 part ol"tlLese finaiiGial sthlLrnenls.

NCI COMNttMTY ASSOCIATION CIO PAGE 6 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 NOTES TO THE FENANCIAL STATErN￿s ACCOUNTING POLICIES (a) BASIS OF PREPARATION OF FtNANCIAL STATEN(ENrs The fLtwi¢ial 8tatemetLts have been prepared under the ]]istorical cost convention witb items recognised &t cost or transaction value unless otherwise stated in the relevant notes to these finanGial statetnents. The fllLancial statemellts have been prepared in accordance with th¢ Statemellt of Re¢ollllnended Practice,. Accounting and Reporting by Charities prep&riiig their accounts in accordance witb the FillanGial Reporting Standard applicable in the United Kingdom and R¢publiG of Ireland (FRS 102) issued October 2019 (effective I st January 2019) the Fill￿claI Reporting Slalldard applicable in the Uttited Killgdom and Republic of Ireland (FRS 102) and the Clwities Act 2011, The TNstees consider there are no ￿￿terIaL uncertainties about the Charitys abiltty to continue &8 a goittg concern. (b) INCOME In¢ome represents the amount derived frotn the charitys ordinary activities. Ittcome is recognised in tbe period in which the charity is entitled to receipt and the amount can be measured with re&8onabl¢ oertainty. No in¢ome is stated net of any associated expenditure. (cl EXPENDITUFE All expenditure is aocoutlted for on an accruals basis. Charitable expenditure comprises those costs incurred by the charity in the delivery of its ￿tivitieS and services to b¢nefioiaries. Governanoe costs include cosÈ8 a&sociated with ll￿eting the constitutional and statutory requirements of the cl]ariÉy and are part of the chariws ￿tivIties. Expellditute is allo¢ated to expense headings oll a direct cost basis. (d) FIXED ASSEfs AND DEPRECtATION Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to ite off the cost of fixed assets, less their estinmted residual value. over their expected useful lives on the following basis.. Plant and n￿Chinery Property improvements 250/Tr straight line IOO/o straight Ime

NCI COMMUNITY ASSOCIATION CIO PAGE 7 FINANCIAL STATEMENTS FOR TFIE YEAR ENDED 31 s r MARCH 2025 NOTES TO 'fFIE FINANCIAL STATEMENTS EXPENDITLTrE. ON CHARITABLE ACTIVITIES Total Total Uni'estticted Unrestt'icted 2025 2024 Caretaker's and clcan¢rfs salary lllc.. pensio Rates and water Liglit and heat (conln'butioii on behalf of NCI Bar and Catering CIC) Telephone and TV Licence Cleaning and waste Independent Exarniners fee Depreciation Fees and subscriptions Repairs and renewals Insurance Bank Charges Sundiy 6,0311 2,167 2,377 2,134 1,087 1,070 11,970 1,329 22,317 1.876 57 45 7,925 2,033 4,558 1,769 978 986 11,969 203 7,880 I,857 172 95 52,467 40,425 STAFF COSTS AND RELATED PARTY TRANSACTIONS No i'emuneratÈon was paid to any ofthe Ti'ustee8 in the cunent year or tbe previous year, except foi. cleaner's wages di8closed below. Expenses Df £5,035 (2024.. £7,928) were reimbursed to them. A lotal of £165 was i'eceived from the Truste¢s in the year under meinbership subsci'iption8. This iy inliiie with those charged to everday custotnei's, The chai'ity owns IQOO/o of the issued share capital in NCI Bar ￿]d Calei'ing C'IC (coinpany no.. 11198178) and lias colltribuied £2,377 (2004: £4,558) towards their ligtLt and heat costs during the ye8r, 2025 2024 sal81.ies and wages (Caretaker and cleaner) 6,038 7,925 The rates paid ar¢ ¢onsider¢d to be in lin¢ with currerLt marloet rat¢s. The aveiage nwnber of einploy¢es during tlio year was 2 (2024., 2), No ]nember of staff earned more than £60,000 (2024,. non¢), The kcy managerneiit per50nncl of th¢ chw'ily compi'ise the ]30￿d ofyrustees who givo tbeir time fi'eely, FIXED ASSEYS YEAR EFtDED 31 ST hlARCH 2025 COST Balance at 1st April 2024 aLid 315t M￿'Ch 2025 DEPIiECIATION i3alanoe at 1st AprÉl 2024 ctwge for the year Balance at 3 1st March 2025 Propety Lmprovements Plant & Machinery Totsl 117,627 5,253 122,880 55,469 11,763 67,232 4,746 207 60215 11,970 4,953 72,185 Nf.T BOOK VALUE Net book value at 31 st March 2025 50,395 300 50,695

NCI COMN(UNITY ASSOCIATION CEO PAGE 8 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS FIXED ASSETS YL4R ENDED 3 1ST MARCEI 2024 COST Balance at Igt Apr(12023 Additions Property IwTovem¢nts Plattt & Machinery Total 117,627 4,653 600 122,280 600 Balance at 31st Maroh 2024 117,627 5,253 122,880 DEPRECIATION Balance at 1st April 2023 Charge for the year BalarL¢e at 318t m￿Ch 2024 43,706 11,763 4,540 206 48,246 11,969 55,469 4,746 60,215 NET BOOK VALUE Net book value at 3 1st March 2024 62,158 507 62,665 DEBTORS 2025 2024 InlerGompany loan 10,137 10,137 CREDITORS 2025 2024 AccNaI8 and defenrd i￿0￿¢ 1,567 1,517 MOVEMEKF IN FUNDS YEAR ENDED 3 1ST MARCH 2025 Balallce at 1st April 2024 Balaiice at 3 1st MarLh 2025 Income Expenditure Unrestricted fi￿dS I09,726 34,660 (52,467) 91,919 YEARENDED 31ST MARCH 2024 1st April 2023 318t March 2024 Income Expenditur¢ Uirestricted ftmds 123,115 27,036 (40,425) 109,726

NCI COMMUNITY ASSOCIATION CIO

Prentis & Co LLP Chartered Accountants 115c Milton Road Cambridge CB4 1XE

Dear Sirs

We confirm to the best of our knowledge and belief, and having made appropriate enquiries of other trustees and officials of the charity, the following representations given to you in connection with your examination and preparation of the financial statements for the year ended 31 March 2025.

• (1) We acknowledge as trustees our responsibilities under the Charities Act 2011 for preparing financial statements which give a true and fair view and for making accurate representations to you. All the accounting records have been made available to you for the purpose of the examination and preparation of the financial statements and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and officers' meetings, have been made available to you.

We also acknowledge our responsibility for the design and implementation of internal controls to prevent and detect errors.

• (2) We confirm that the financial statements are free from material misstatement including omission.

• (3) We confirm all known assets and liabilities as at 31 March 2025 have been included in the financial statements. Their value and classification are not materially affected by any management plans.

• (4) We confirm that significant assumptions used by us in making accounting estimates, including those measured at a fair value, are reasonable.

• (5) We confirm the charity's assets were free from any charge.

• (6) We confirm with regards to possible liabilities for claims and complaints that there are no pending litigations and no amounts are expected to be paid, and no claims have been received or are expected to be received other than disclosed in the financial statements.

• (7) We confirm no capital expenditure had been committed or authorised by the board of trustees at the year end.

• (8) We confirm the charity has not had, or entered into, at any time during the period

any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans, or credit transactions) for trustees or to guarantee or provide security for such matters.

• (9) We confirm there have been no events since the balance sheet date which necessitate revision of the figures included in the financial statements or inclusion of a note thereto.

• (10) We confirm that we are not aware of any possible or actual instance of noncompliance with those laws and regulations which provide a legal framework within which the charity conducts its business and which are central to the charity’s ability to conduct its business or activities, and which would if contravened have a material impact on the financial statements.

• (11) We confirm that there have been no actual or suspected instances of fraud involving management or employees who have a significant role in internal control or that could have a material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by former employees, regulators or others.

• (12) We confirm that there are no related party transactions which require disclosure on the financial statements.

• (13) We confirm that there are no associated companies for tax purposes other than the companies set out below.

NCI Bar and Catering CIC

• (14) We confirm we have reviewed our charity’s activities and consider they fall within the objectives of the charity. Any trading activity falling outside our objectives is within the limits set out by HM Revenue & Customs to be classed as exempt trading for corporation tax purposes.

• (15) We confirm that in our opinion the charity will continue as a going concern for a period in excess of twelve months from the approval of these financial statements.

As minuted by the board of trustees at its meeting.

................................. D SAVAGE

15-09-2025 .................................. DATE