## **NORTHWOOD COMMUNITY CENTRE ASSOCIATION** ## **TRUSTEES REPORT FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025** The trustees present their report together with the financial statements of the charity for the year ending 30[th] September 2025. The financial statements have been prepared in accordance with the accounting policies set out therein and comply with the charities Royal Charter, applicable law and the requirements of the Statement of Recommended Practice 2005 (Accounting and Reporting by Charities) and Accounting Standards. ## **TRUSTEES** The Trustees named have served throughout the year unless indicated otherwise. The Royal Charter governs appointment of Trustees. Trustees are appointed by a resolution at the annual general meeting. The Trustees are appointed for a term of one year. New Trustees are provided with guidance issued by the Charities Commission (CC3 The Essential Trustee: what you need to know). Other training is provided to the Trustees as and when required. All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the Charity are set out in the accounts. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Trustees have conducted a review of the major tasks to which the charity is exposed and, where appropriate, systems and/or procedures have been established to mitigate the risk the company faces. Significant external risk to funding has led to the development of a strategic plan, which will allow for the diversification of funding and activities. The company fundraises on it’s own behalf. ## **OBJECTIVES AND ACTIVITIES** The objects of the charity are to maintain the community centre to be used by the residents of Northwood. The Trustees have had due regard to the Charity Commission’s general guidance on public benefit under section 4 of the Charities Act 2006 as disclosed in the paragraph below. ## **FINANCIAL REVIEW AND INVESTMENT POLICY** A deficit of £ 2,887 arose during the year. The Trustees are given guidance as to where surplus funds, not immediately required, are to be invested. The investment strategy is one of utilisation of the company. The company has adopted robust controls in accordance with recommended practice. ## **RESERVES POLICY** At the year end, unrestricted reserves amounted to £ 1,408 (2024 £ 4,294). The Trustees consider this level of reserves to be adequate for these purposes. ## **TRUSTEES RESPONSIBILITIES** Law applicable to charities in England and Wales require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the surplus or deficit of the charity for that year and - a. Select suitable accounting policies and then apply them consistently - b. Make judgements and estimates that are reasonable and prudent - c. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements - d. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities Approved by the Trustees on 29[th] July 2026 Jacqueline Deboe - Chairman 29n7r2￿kn. 1524 Regtstsred F4umber 10385453 NORTHWOOD COMMUNITY cE￿E ASSOCIATION MicTO*Dtity Aeuunts 30 September 2025 113 2910712026. 15?4 NORTHWOOD COMMUNITY CENTREASSOCIATION Regtstered Number 10385453 mAcrI￿￿￿ty Balance Sheet as at 30 SepteDJber 2025 Nol 2025 2024 Fixed Assets 5.354 6.299 549 Current Assets Creditors: atnounts falling due within one ycar Net current a&sets Oiabilities) Tots] assets l¢ss current liabiliti (4,495) (4,350) 3,946 2,005 Total net &ssets {liabilities) R¢s¢rves For th¢ year ending 30 Sep*mber 2025 the company w98 entitl￿ to exemption under section 477 of thc Companies Act 2006 relating to small companies. Th¢ members havc not Tcquired th¢ cornpany to obtain an audit in accordance with scction 476 of the Companics Act 2006. TIL¢ dircctors acknowledge their responsibilities for complying with the requirements of the Cornpani￿ Act 2006 with respect to accounting records and the prepar&lion of accounts. Th¢ xcounts have been Prepared in accordance with the micro