# **Annual Report and Unaudited Financial Statements**
**For the Reporting Period 1 April 2024 to 31 March 2025**
## **Hucclecote Community Association CIO**
## **Legal and Administrative Information**
____________________________________________________________________________
|**Charity Trustees**|R Barker|
|---|---|
||J Boote|
||D Brown|
||RJ Crowhurst|
||W Crowther|
||P Finch|
||M Hall|
||H Horwood|
||S Lethbridge|
||R Phillips|
||M Rees|
||C Slater|
||C Spencer|
||T Stevenson|
|**Charity Number**|1186950|
|**Principal Office**|HucclecoteCommunity Centre|
||Hucclecote Road|
||Hucclecote|
||Gloucester|
||GL3 3RT|
|**Website**|www.hucclecote.org.uk|
|**Bankers**|CAF Bank Ltd|
||25 Kings Hill Avenue|
||Kings Hill|
||West Malling|
||Kent|
||ME19 4JQ|
||The Midcounties Co-operative|
||Co-operative House|
||Warwick Technology Park|
||Gallows Hill|
||Warwick|
||CV34 6DA|
**Hucclecote Community Association CIO**
## **Contents**
_____________________________________________________________
||**Page**|
|---|---|
|Charity Trustees’ Report|1 - 3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 – 13|
|Independent Examiner’s Report|14|
## **Hucclecote Community Association CIO**
## **Charity Trustees’ Report** _**for the period 1 April 2024 to 31 March 2025**_
_____________________________________________________________
The Charity Trustees of the Hucclecote Community Association CIO (“the **CIO** ”) present their report and financial statements for the period from 1 April 2024 to 31 March 2025 (“the **Reporting Period** ”).
## **Structure, governance and management**
The CIO is a Charitable Incorporated Organisation governed by a constitution dated 18 November 2019. It is registered as a charity number 1186950 in England and Wales.
There must be at least three Charity Trustees, and the maximum number of Charity Trustees is 15. At the Annual General Meeting, members with power to vote elect the Trustees and also appoint a President, Chair, Vice-Chair, Treasurer and Secretary. Those elected are the Charity Trustees of the CIO and form the Management Committee.
During the Reporting Period:
- There were 14 Charity Trustees who served, namely:
R Barker P Finch M Rees J Boote M Hall C Slater D Brown H Horwood C Spencer RJ Crowhurst S Lethbridge T Stevenson W Crowther R Phillips
- All the Charity Trustees served for the whole of the Reporting Period.
- None of the Charity Trustees had any beneficial interest in the CIO.
The Management Committee meets at least three times a year. In addition, there are various sub-committees including the Resources Committee, which meets three times a year to review income and expenditure, undertake budgetary planning and recommend financial strategy, room hire charges and salaries; and the Events Committee, which organises social and special events at the Community Centre and elsewhere. Other sub-committees are set up from time to time on an ad-hoc basis.
There is a Social Club, operated by Hucclecote Social Club (2012) Limited, which is a trading company owned by the CIO. The Social Club pays a monthly licence fee and covenants its net profits to the CIO.
## **Objectives and activities**
The objectives of the CIO, as set out in Clause 3 of the constitution, are to:
1. promote the benefit of the inhabitants of Hucclecote and the neighbourhood (“the area of benefit”) without the distinction of sex, sexual orientation, nationality, age, disability, nationality, race, or of political, religious or other opinions, by associating together the said inhabitants and the statutory authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life of the said inhabitants;
2. establish or secure the establishment of, a Community Centre and to maintain and manage the same (whether alone or in co-operation with any statutory authority or other person or body) in furtherance of the objects;
3. promote such other charitable purposes as may from time to time be determined.
The Charity Trustees hire out the Hucclecote Community Centre to clubs, societies, corporate organisations, charities and individuals. The Charity Trustees are also responsible for the maintenance of the land and buildings at the Centre. These activities are undertaken for the public benefit on a not-for-profit basis, and the Charity Trustees have regard to the guidance issued by the Charity Commission on public benefit.
1
## **Hucclecote Community Association CIO**
## **Charity Trustees’ Report** _**for the period 1 April 2024 to 31 March 2025**_
_____________________________________________________________
## **Responsibility for the accounts**
The Charity Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Charity law requires the Charity Trustees to prepare financial statements for each financial year or other reporting period. These should give a true and fair view of the financial state of affairs of the CIO and of the incoming resources and application of resources, including the income and expenditure, of the CIO for that period. In preparing these financial statements, the Charity Trustees are required to:
- Select suitable accounting policies and then apply them consistently
- Observe the methods and principles in the Charities Statement of Recommended Practice (SORP)
- Make judgements and estimates that are reasonable and prudent
- State whether applicable UK Accounting Standards and SORPs have been followed, subject to any material departures disclosed and explained in the financial statements
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
As the CIO’s gross income was more than £25,000 in the Reporting Period, there is a requirement under the Charities Act 2011 for an independent examination of the accounts. However, the CIO’s accounts do not need to be audited[1] .
Notes 2 and 3 to the financial statements set out the Charity Trustees’ statement of compliance and accounting policies.
## **Achievements and performance**
The CIO has continued to meet its objectives as outlined on the previous page. Whilst the financial challenges remain high, the accounts for the year now show the stabilisation predicted in last year’s report.
The like-for-like comparisons with the accounts for the Previous Period show an increase in income of approximately £9,000 and a reduction in expenditure of approximately £12,000. In addition to this, the CIO successfully applied for and received grant funding from the Enovert Community Trust and from the Gloucester City Council Build Back Better Fund to install solar panels on the roof of the community centre. These funds and the cost of the panels are shown in the restricted columns of the financial statements. There were 33 panels installed giving a potential energy capacity of just over 13kWh which will help to significantly reduce energy costs in 2025/26 and subsequent years.
During the year a new accounting system (Xero) was installed. We have successfully trained our employees in how to use it and how to adopt good practices to enable the Charity Trustees to monitor and manage the finances in a more controlled and meaningful manner.
> 1 The annual threshold for an audit is either a) income of more than £1 million or b) income of more than £250,000 and total assets exceeding £3.26 million.
2
## **Hucclecote Community Association CIO**
## **Charity Trustees’ Report** _**for the period 1 April 2024 to 31 March 2025**_
_____________________________________________________________
## **Reserves and investments policy**
The CIO is run as a value-for-money non-profit making charity. Any surplus of income over expenditure is held as a reserve for maintenance of the land and building at the Hucclecote Community Centre.
The Charity Trustees’ policy is to build up the reserves to a sustainable level by –
- promoting the use of the Hucclecote Community Centre to maximise utilisation and income, and
- keeping expenses under control,
with the aim of an annual contribution to reserves. In the long term this will ensure that the reserves:
- keep pace with inflation
- include a margin for contingencies (such as a future unforeseen event outside of the Trustees control which leads to closure of the Hucclecote Community Centre for a temporary period)
- are sufficient to cover maintenance costs, and
- enable the Hucclecote Community Centre to continue as a financially viable entity with good quality facilities on offer to its customers.
Clause 4 of the Constitution gives the Charity Trustees the power to deposit or invest its reserves. It is the current policy of the Trustees to deposit its reserves in bank and short-term savings accounts, having regards to the immediate cash-flow needs of the CIO. At present the reserves are not at a sufficient level to justify long-term, less liquid investments.
## **Future plans**
The Trustees intend to:
- Undertake a review of the CIO’s banking and savings arrangements
- Modify the CIO’s constitution to base it on the Foundation model template instead of the Association model template, taking into account a material fall in the number of Members of the CIO
- Keep the Hucclecote Community Centre well-maintained
- Review the CIO’s governance, in line with best practice, including a review of financial controls
This report was approved by the Charity Trustees on 08 December 2025. It is signed on behalf of the Charity Trustees by:
R Barker RJ Crowhurst Charity Trustee Charity Trustee
3
## **Hucclecote Community Association CIO**
## **Statement of Financial Activities**
_____________________________________________________________
||||
|---|---|---|
|**Note**
**Income from:**
Charitable
Activities
**4**
Covenanted
Profits
**5**
Donations
**6**
Grants
**7, 17**
Interest
**8**
Rent and
Licence fees
**9**
Other Sources
**10**
**Total income**
**Resources**
**expended:**
Directly on
charitable
activities
**11**
Administrative
costs
**12, 17**
Depreciation
**13**
**Total resources**
**expended**
**Net incoming**
**(outgoing)**
**resources**
Transfers
to (from) funds
**17**
**Net movement**
**in funds**
**Reconciliation**
**of funds**
Total funds
brought forward
**Total funds**
**carried forward**|**Reporting Period: **
**1 April 2024 to 31 March 2025 (£)**
**Unrestricted**
**Restricted**
**Total**
59,855
-
59,855
100
-
100
152
-
152
200
13,401
13,601
1,100
-
1,100
17,382
-
17,382
349
-
349|**Previous Period:**
**1 April 2023 to 31 March 2024 (£)**
**Unrestricted**
**Restricted**
**Total**
47,801R
-
47,801R
4,405
-
4,405
10
-
10
-
-
789
789
16,929
16,929
254
254|
||**79,137**
**13,401**
**92,538**|**70,188R**
**-**
**70,188R**|
||6,042
-
6,042
68,247
-
68,247
5,669
-
5,669|
5,349
-
5,349
80,176
-
80,176
6,114
-
6,114|
||**79,958**
**-**
**79,958**|**91,639**
**-**
**91,639**|
||**(821)**
**13,401**
**12,580**|**(21,451)R **
**-**
**(21,451)R **|
||(1,489)
1,489
-|-
-
-|
||**(2,310)**
**14,890**
**12,580**|**(21,451)**
**-**
**(21,451)R **|
||76,131R
-
76,131R|97,582
-
97,582|
||**73,822**
**14,890**
**88,712**|**76,131R **
**-**
**76,131R **|
Monetary amounts are rounded to the nearest £1, which may R Restated figure – see note 18 create rounding errors where totals are shown
**The notes on pages 6 to 13 form part of these financial statements**
4
**Hucclecote Community Association CIO**
## **Balance Sheet**
_____________________________________________________________
|**Note**
**Fixed assets**
Tangible Assets
**13**
**Current assets:**
Cash at bank and in hand
**14, 17**
Debtors
**15**
**Total current assets**
**Creditors: amounts falling due within one year**
Accrued expenses and accounts payable
**16**
**Net Current Assets**
**Total assets less current liabilities**
**The funds of the CIO:**
Unrestricted Funds
**17**
Restricted Funds
**17**
**Total CIO funds**|**Balance**
**Sheet at**
**31 March**
**2025**
**Balance**
**Sheet at**
**31 March**
**2024**
**Total (£)**
**Total (£)**|
|---|---|
||32,176
22,955
59,084
51,216
13,443
8,050|
||**72,526**
**59,266**|
||15,991
6,090R
**56,536**
**53,176R **|
||**88,712**
**76,131R **|
||73,822
76,131R
14,890
-|
||**88,712**
**76,131R **|
Monetary amounts are rounded to the nearest £1, which may R Restated figure – see note 18 create rounding errors where totals are shown
These financial statements were approved by the Charity Trustees and authorised for issue on 08 December 2025 and are signed on behalf of the Charity Trustees by:
R Barker Charity Trustee
RJ Crowhurst Charity Trustee
**The notes on pages 6 to 13 form part of these financial statements**
5
**Hucclecote Community Association CIO**
## **Notes to the Financial Statements**
_____________________________________________________________
## **1. General information**
The CIO is a public benefit entity and a registered charity in England and Wales. It is a Charitable Incorporated Organisation. The address of the principal office is Hucclecote Community Centre, Hucclecote Road, Hucclecote, Gloucester, GL3 3RT, England.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with:
- the Charities Act 2011; and
- the Charities SORP (FRS 102) - 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 (effective from 1 January 2019 - second edition October 2019).
## **3. Accounting policies**
## **a) Basis of preparation**
The financial statements are prepared in sterling, which is the functional currency of the CIO. Monetary amounts in these financial statements are rounded to the nearest £1. This may create rounding errors where totals are shown. The historic cost convention is used.
## **b) Going concern**
There are no material uncertainties about the CIO’s ability to continue.
## **c) Fund accounting**
The CIO’s funds may fall into three categories:
- Unrestricted Funds available for use at the discretion of the Charity Trustees to further any of the CIO’s purposes
- Designated Funds (these are unrestricted funds earmarked by the Charity Trustees for a particular future project or commitment)
- Restricted Funds, which are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. They fall into one of two sub-categories: Restricted Income Funds or Endowment Funds
During the Reporting Period and Previous Period, the CIO’s funds were made up of Unrestricted Funds and Restricted Funds. The Designated Funds shown in the published accounts for the Previous Period have been amalgamated into the Unrestricted Funds.
## **d) Incoming resources**
Income is recognised, on an accruals basis, when –
- The CIO is legally entitled to it
- the amounts can be measured reliably
- it is probable that income will be received
The following policies are applied to specific sources of income for the CIO:
- Income from donations and legacies is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- Interest is recognised when there is evidence of the amounts payable.
- Income from events and room hire taking place after the financial year end is treated as deferred income.
- Covenanted profits are recognised in the financial year associated with their declaration.
6
**Hucclecote Community Association CIO**
## **Notes to the Financial Statements**
_____________________________________________________________
## **e) Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the Statement of Financial Activities to which it relates:
- Direct expenditure on charitable activities represents the costs incurred by the CIO in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including the costs of fundraising activities and events. It also includes those support costs and costs relating to the governance of the CIO that have been apportioned to charitable activities. Costs relating to events after the end of the financial year are treated as prepaid expenses.
- Administrative costs include all expenditure that is not part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable, and consistent basis.
Fixed Assets are depreciated on a straight line basis, over 5 years (computer equipment and property) or 10 years (fixtures and fittings) or 25 years (solar panels). Since 21 October 2024, a £1,000 capitalisation policy is in place, meaning that only new items costing £1,000 or more are added to the Fixed Assets. Items costing under £1,000 are fully capitalised at date of purchase.
## **f) Investments**
The Charities SORP (FRS 102) specifies the accounting treatment of certain defined classes of investments. The CIO’s reserves are held entirely in cash. No listed investments are held.
## **4. Income from Charitable Activities**
The income from Charitable Activities is summarised in the table below.
||**Reporting Period (£)**|**Previous Period (£)**|
|---|---|---|
|Events (see also note 11)|9,856|6,489|
|Room Hire|47,771|37,117|
|Under 5’s Activities*
(see also note 11)|2,228|4,195|
|**Total Income from**
**Charitable Activities**|**59,855**|**47,801**|
* Note: after at the end of the Reporting Period, the CIO ceased providing activities directly for the under 5’s. Individuals and organisations remain able to hire rooms to provide such activities.
## **5. Income from Covenanted Profits**
The profits covenanted from the Hucclecote Social Club (2012) Limited are summarised in the table below.
||**Reporting Period (£)**|**Previous Period (£)**|
|---|---|---|
|Covenanted profits for the period|-|4,400|
|Variation in amounts recognised
in earlier years*|100|5|
|**Total Covenanted Profits**
**recognised in the period**|**100**|**4,405**|
* Note: Covenanted profits are recognised in the financial year associated with their declaration. If, at the time of completing the CIO’s accounts, the Social Club has not finalised the amount of covenanted profits for the year, an assumed amount is recognised. If the amount subsequently finalised differs from the assumption, the variation between the two is recognised in the following financial year.
## **6. Income from Donations**
Reporting Period: £152 (Previous Period: £10), from a variety of sources.
7
**Hucclecote Community Association CIO**
## **Notes to the Financial Statements**
_____________________________________________________________
## **7. Income from Grants**
## Grants made to Unrestricted Funds:
Reporting Period: £200 received from Gloucester City Councillor Funds
(Previous Period: £nil)
## Grants made to Restricted Funds:
Reporting Period: £13,401 matched funding towards the installation of solar panels. This was received from Enovert Community Trust (see note 17 for further details)
(Previous Period: £nil)
## **8. Income from Interest**
The interest received is summarised in the table below.
||**Reporting Period (£)**|**Previous Period (£)**|
|---|---|---|
|Interest on deposits held by:
CAF Bank Ltd
The Midcounties Co-operative|39
1,061|47
742|
|**Total Interest**|**1,100**|**789**|
## **9. Income from Rent and Licence Fees**
The income from Rent and Licence Fees is summarised in the table below.
||**Reporting Period (£)**|**Previous Period (£)**|
|---|---|---|
|D&L Essence Cafe|3,882|3,429|
|Hucclecote Social Club (2012)
Limited|13,500|13,500|
|**Total Income from**
**Rent and Licence Fees**|**17,382**|**16,929**|
## **10. Income from Other Sources**
The income from Other Sources is summarised in the table below.
||**Reporting Period (£)**|**Previous Period (£)**|
|---|---|---|
|Gloucester Lottery|167|182|
|Office Services|60|35|
|Sale of Residual Assets|97|-|
|Miscellaneous|25|38|
|**Total Income from**
**Other Sources**|**349**|**254**|
## **11. Direct Expenditure on Charitable Activities**
The expenditure on charitable activities is summarised in the table below.
||**Reporting Period (£)**|**Previous Period (£)**|
|---|---|---|
|Events|5,959|5,137|
|Under 5’s Activities|83|211|
|**Total Expenditure on**
**Charitable Activities**|**6,042**|**5,349**|
Over the Reporting Period, the net income from events, after deducting the direct expenditure on events, was £3,897 (Previous Period: £1,352). For the Under 5’s Activities, the net income, after deducting direct expenditure, was £2,145 (Previous Period: £3,984).
8
**Hucclecote Community Association CIO**
## **Notes to the Financial Statements**
_____________________________________________________________
## **12. Administrative Costs**
## Payments from Unrestricted Funds
||**Reporting Period (£)**|**Previous Period (£)**|
|---|---|---|
|Accounts:
Bookkeeping System Feesa|303|154|
|Accounts:
Independent Examiner’s fee|300|300|
|Bank Fees
(Caf Bank, PayPal and Zettle)|272|315|
|Cleaning|15,402|15,497|
|Maintenance|3,936|8,880|
|Obligations: Business Rates|179|168|
|Obligations: Data Protection Fee|35|20|
|Obligations: Insurance|3,268|2,610|
|Obligations: Service Charge
(Hucclecote Library)b|16|571|
|Office Costs|237|249|
|Payroll|30,025|35,710|
|Utilitiesc|13,912|15,310|
|Other Expenditure|363|391|
|**Total expenditure on**
**support costs**|**68,247**|**80,176**|
- a The subscription for the bookkeeping system was taken out for the first time during the Previous Period (including a limited free trial and reduced fee for an introductory period). Previously, a bookkeeper was commissioned to prepare the accounts, and the last of the bookkeeper’s fees (£100) is included with the bookkeeping system fees for the Previous Period.
- b After the end of the Reporting Period, protracted discussions took place with Gloucestershire County Council regarding the amounts billed for the service charge since the Financial Year 2022-23. This has resulted in a number of corrections to the bills issued. The impact of this has been recognised in full in the Reporting Period.
- c Expenditure on utilities includes broadband and telephone, IT (domain registration and website hosting), electricity, gas water and sewerage, and licences for music and TV.
## Payments from Restricted Funds
Reporting Period: £nil (see note 17 for further details)
(Previous Period: £nil)
9
## **Hucclecote Community Association CIO**
## **Notes to the Financial Statements**
_____________________________________________________________
## **13. Depreciation, and Fixed Assets, on the Balance Sheet**
An analysis of the fixed assets on the balance sheet is shown in the table below.
|||**Propertya**
**(£)**|**Fixtures and**
**Fittings**
**(£)**|**Computer**
**Equipment**
**(£)**|**Solar Panels**
**(£)**|**Total**
**(£)**|
|---|---|---|---|---|---|---|
||**Cost**
At 31 March 2024
Additionsb, c
Disposals
At 31 March 2025|32,738
-
-|104,908
-
-|4,340
-
-|-
14,890
-|141,986
14,890
-|
|||32,738|104,908|4,340|14,890|156,876|
||**Depreciation**
At 31 March 2024
Charge for the
period
Elimination on
disposal
At 31 March 2025|(32,738)
-
-|(82,217)
(5,593)
-|(4,075)
(76)
-|-
-
-|(119,030)
(5,669)
-|
|||(32,738)|(87,810)|(4,151)|-|(124,699)|
||**Net Book Value**
At 31 March 2025
At 31 March 2024|-
-|17,098
22,691|189
265|14,890
-|32,176
22,955|
a ‘Property’ includes the ‘Trim Trail’
b At a Resources Committee meeting held on 21 October 2024, a £1,000 capitalisation policy was agreed. This means that, since then, only new items costing £1,000 or more are added to the Fixed Assets.
c The solar panels were financed fully from external funding (the 10% contribution from the CIO was reimbursed from a separate funding source after the end of the Reporting Period). They are treated as a fixed asset, which will be depreciated over a 25 year period on a fixed line basis starting from 1 April 2025. See note 17 for further details.
## **14. Cash at bank and in hand**
The Cash at bank and in hand is summarised in the table below.
||**31 March 2025 (£)**|**31 March 2024 (£)**|
|---|---|---|
|Deposited in an interest-bearing
CAF Bank Current Account|20,260|19,780|
|Deposited in a share account with
The Midcounties Co-operative|31,431|30,501|
|Held in a PayPal account|41|151|
|Held as petty cash|352|785|
|Held by Enovert Community Trust
for matched funding
(see note 17)|7,000|-|
|**Total Cash at Bank and In Hand**|**59,084**|**51,216**|
10
## **Hucclecote Community Association CIO**
## **Notes to the Financial Statements**
_____________________________________________________________
## **15. Debtors**
The Debtors are summarised in the table below.
||**31 March 2025 (£)**|**31 March 2024 (£)**|
|---|---|---|
|Prepayments|4,341|1,526|
|Covenanted Profits
(due but unpaid)|2,300|4,400|
|Refund of Employer’s National
Insurance (due but unpaid)|1,934|-|
|Other debtors|4,868|2,124|
|**Total Debtors**|**13,443**|**8,050**|
## **16. Creditors**
The Creditors are summarised in the table below.
||**31 March 2025 (£)**|**31 March 2024 (£)**|
|---|---|---|
|Deferred Income (analysed below)|3,989|2,049R|
|Pay as you earn taxes and National
Insurance Contributions|328|623|
|Other accrued expenses and
accounts payable|4,674|3,419R|
|Matched Funding Liability
(see note 17)|7,000|-|
|**Total Creditors**|**15,991**|**6,090R **|
R Restated figure – see note 18
## Analysis of Deferred Income
|||**Deferred**
**Income at**
**start of**
**period £**|**Less: Amount**
**recognised**
**during period**
**£**|**Plus: New**
**Deferred**
**Income**
**£**|**Deferred**
**Income at**
**end of period**
**£**|
|---|---|---|---|---|---|
|**Reporting**
**Period**|Events
income
Room Hires
Income|985
1,064R|(985)
(1,064)R|561
3,428|561
3,428|
||**Total**|**2,049R **|**(2,049)R **|**3,989**|**3,989**|
|**Previous**
**Period**|Events
income
Room Hires
Income|-
-|-
-|985
1,064R|985
1,064R|
||**Total**|**-**|**-**|**2,049R **|**2,049R **|
Income from events and room hire after the end of the financial year is treated as deferred income. No income had been deferred at the start of the Previous Period.
11
**Hucclecote Community Association CIO**
## **Notes to the Financial Statements**
_____________________________________________________________
## **17. Analysis of Charitable Funds**
## (a) Unrestricted Funds:
## • Movement in Funds
||**Value at**
**start of**
**period £**|**Income**
**£**|**Expenditure**
**£**|**Transfer to**
**Restricted**
**Funds £**|**Value at**
**end of**
**period £**|
|---|---|---|---|---|---|
|**Reporting**
**Period**|76,131|79,137|(79,958)|(1,489)|73,822|
|**Previous**
**Period**|97,582|70,188|(91,639)|-|76,131|
- Net assets
||**31 March 2025 (£)**|**31 March 2024 (£)**|
|---|---|---|
|Fixed Assets|17,286|22,955|
|Current Assets|65,526|59,266|
|Creditors less than one year|(8,991)|(6,090)|
|**Total**|**73,822**|**76,131**|
## (b) Restricted Funds:
- Movement in Funds
||**Value at**
**start of**
**period £**|**Income**
**£**|**Transfer**
**from**
**Unrestricted**
**Funds £**|**Expenditure**
**£**|**Value at**
**end of**
**period £**|
|---|---|---|---|---|---|
|**Reporting**
**Period**|-|13,401|1,489|-|14,890|
|**Previous**
**Period**|-|-|-|-|-|
- Net assets
||**31 March 2025 (£)**|**31 March 2024 (£)**|
|---|---|---|
|Fixed Assets|14,890|-|
|Current Assets|7,000|-|
|Creditors less than one year|(7,000)|-|
|**Total**|**14,890**|**-**|
During 2025, the CIO was granted matched funding from the Enovert Community Trust, for the installation of solar panels. The cost of the installation was £14,890. The CIO contributed £1,489 (via a transfer to Enovert), which secured matched funding of £13,401. The combination of the CIO’s contribution (10%), and the matched funding (90%), fully covered the installation cost.
The installation was completed after the end of the Reporting Period. By the end of the Reporting Period, Enovert had made two payments of £890 and £7,000, leaving a commitment of £7,000 to pay, which was settled in May 2025.
The CIO subsequently secured separate funding from the Gloucester City Council Build Back Better Fund which, among other things, reimbursed the contribution of £1,489 towards the solar panels. This will be recognised in the accounts for the next reporting period.
The solar panels are treated as a fixed asset acquired on 31 March 2025. With effect from 1 April 2025, they will be included as part of the fixed assets of the Unrestricted Funds.
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**Hucclecote Community Association CIO**
## **Notes to the Financial Statements**
_____________________________________________________________
## **18. Restatement of Figures for Previous Period**
After publishing the accounts for the Previous Period, it was discovered that the creditors shown in the balance sheet had been overstated. In order to provide a fairer comparison between this year’s Reporting Period and the Previous Period, the financial statements for the Previous Period have been restated in this year’s accounts, as summarised below:
||**Item**||**Impact of restatement (Previous Period)**|**Impact of restatement (Previous Period)**|**Impact of restatement (Previous Period)**|
|---|---|---|---|---|---|
|||||||
|||**Previously**
**Published (£)**||**Restated**
**(£)**|**Difference**
**(£)**|
||**a) Statement of Financial**
**Activities (Previous Period)**
Income from Charitable
Activities:
Events
Net Movement in Funds|4,896
(23,043)||6,489
(21,451)|£1,593 higher income
£1,593 smaller shortfall|
||**b) Balance Sheet**
**(Previous Period)**
Current Liabilities: Creditors:
Deferred income
Other accrued expenses
and accounts payable
Net Current Assets
Net Assets (Funds)|3,442
3,618
51,583
74,538||2,049
3,419
53,176
76,131|£1,393 lower amount deferred
£200 lower
£1,593 higher
£1,593 higher|
## **19. Staff costs**
The average head count of employees during the Reporting Period and the Previous Period was four employees (all employed part-time).
No employee received employee benefits of more than £60,000 during the Reporting Period or the Previous Period
## **20. Charity Trustee remuneration and expenses**
None of the Charity Trustees received remuneration during the Reporting Period or the Previous Period
## **21. Government grants**
The charity has not received any Government grants during the year
## **22. Related parties**
Hucclecote Social Club (2012) Ltd is a separate legal entity that donates profits to the CIO under a deed of covenant. The shareholders and directors of Hucclecote Social Club (2012) Ltd are also Charity Trustees of the CIO, with the shares being held for the benefit of the CIO.
The Social Club pays a monthly licence fee to the CIO for site rental. During the Reporting Period and Previous Reporting Period the fee was £1,125 a month.
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## **Hucclecote Community Association CIO**
## **Independent Examiner’s Report**
_____________________________________________________________
I report to the Charity Trustees of Hucclecote Community Association CIO (charity number 1186950) on the accounts of Hucclecote Community Association CIO for the year ended 31 March 2025, which are set out on pages 4-13.
## **Responsibilities and basis of report**
As the Charity Trustees of Hucclecote Community Association CIO, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the accounts of the Hucclecote Community Association CIO carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiners statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. Accounting records were not kept in respect of the Hucclecote Community Association CIO as required by section 130 of the Act: or
2. The accounts do not accord with those records; or
3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charites (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination which attention should be drawn in this report on order to enable a proper understanding of the accounts to be reached.
B S Edwards FCCA
ACCA Chartered Certified Accountant
Dated …………………………………..
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