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2025-03-31-accounts

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Company registration number: CE021500 Charity registration number: 1189009

Hardway, Elson & Districts Community Association

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025

Brent King Limited Chartered Accountants 4G Oakland Office Park Aerodrome Road Gosport Hampshire PO13 0GY

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Contents

Reference and Administrative Details 1
Strategic Report 2
Trustees' Report 3 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 15

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Reference and Administrative Details

Chairman Mr L Heyhoe BCAv
Charity Registration Number 1189009
Company Registration Number CE021500
The charity is incorporated in England.
Registered Office Coombe Road
Hardway
Gosport
Hampshire
PO12 4JB
Principal Office Community Centre
Coombe Road
Hardway
Gosport
Hampshire
PO12 4JB
Independent Examiner Brent King Limited
Chartered Accountants
4G Oakland Office Park
Aerodrome Road
Gosport
Hampshire
PO13 0GY

Page 1

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Strategic Report for the Year Ended 31 March 2025

The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 March 2025, in compliance with s414C of the Companies Act 2006.

The strategic report was approved by the trustees of the charity on 24 June 2025 and signed on its behalf by:

......................................... Mr L Heyhoe BCAv Chairman

Page 2

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2025.

Structure, governance and management

The association is a registered charity and is a registered charitable incorporated organisation, incorporated on 9 April 2020.

The general management committee handles the day to day detail of the association's business.

The trustees have assessed the major risks to which the association is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Objectives and activities

The objects of the charity are to establish or to secure the establishment of a community centre for the benefit of the inhabitants of Hardway, Elson and neighbouring districts.

The community centre continues to provide facilities to a wide variety of groups including Pre-school, Bridge, Bingo, various dancing classes, fitness classes (including MS sufferers) and various other societies (philatelic, photographic, friends etc.)

Public benefit

The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Mr R Jeffery Mrs A Wagstaff Mr G Jeffery Chairman: Mr L Heyhoe BCAv

Financial instruments

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Cash flow risk

The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.

Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.

Page 3

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Trustees' Report

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.

Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

Page 4

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Trustees' Report

Statement of trustees' responsibilities

The trustees (who are also the directors of Hardway, Elson & Districts Community Association for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

The annual report was approved by the trustees of the charity on 24 June 2025 and signed on its behalf by:

......................................... Mr L Heyhoe BCAv Chairman

Page 5

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Independent Examiner's Report to the trustees of Hardway, Elson & Districts Community Association ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of Hardway, Elson & Districts Community Association as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... Michael Clarkson FCCA FMAAT

Chartered Certified Accountant

4G Oakland Office Park Aerodrome Road Gosport Hampshire PO13 0GY

24 June 2025

Page 6

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Charitable activities
3
Expenditure on:
Charitable activities
4
Total Expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12
Note
Income and Endowments from:
Charitable activities
3
Total Income
Expenditure on:
Charitable activities
4
Total Expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12
The funds breakdown for 2024 is shown in note 12.
Unrestricted
funds
£
105,242
(122,127)
(122,127)
(16,885)
64,091
47,206
Unrestricted
funds
General
£
74,054
74,054
(96,394)
(96,394)
(22,340)
(22,340)
86,432
64,092
Restricted
funds
£
85,701
(104,533)
(104,533)
(18,832)
71,008
52,176
Restricted
funds
£
88,246
88,246
(101,306)
(101,306)
(13,060)
(13,060)
84,068
71,008
Total
2025
£
190,943
(226,660)
(226,660)
(35,717)
135,099
99,382
Total
2024
£
162,300
162,300
(197,700)
(197,700)
(35,400)
(35,400)
170,500
135,100

The notes on pages 9 to 15 form an integral part of these financial statements. Page 7

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

(Registration number: CE021500) Balance Sheet as at 31 March 2025

Note
Fixed assets
Tangible assets
8
Current assets
Cash at bank and in hand
9
Creditors: Amounts falling due within one year
10
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
12
2025
£
6,035
96,990
(3,643)
93,347
99,382
52,176
47,206
99,382
2024
£
6,341
134,823
(6,064)
128,759
135,100
71,008
64,092
135,100

For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements on pages 7 to 15 were approved by the trustees, and authorised for issue on 24 June 2025 and signed on their behalf by:

......................................... Mr L Heyhoe BCAv Chairman

The notes on pages 9 to 15 form an integral part of these financial statements. Page 8

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Notes to the Financial Statements for the Year Ended 31 March 2025

1 Charity status

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is: Coombe Road Hardway Gosport Hampshire PO12 4JB

The principal place of business is: Community Centre Coombe Road Hardway Gosport Hampshire PO12 4JB

These financial statements were authorised for issue by the trustees on 24 June 2025.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Hardway, Elson & Districts Community Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Page 9

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Notes to the Financial Statements for the Year Ended 31 March 2025

Income and endowments

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Freehold land and buildings Held at cost
Fixtures, fittings and equipment 15% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 10

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Notes to the Financial Statements for the Year Ended 31 March 2025

Pensions and other post retirement obligations

The charity operates a defined benefit pension scheme.Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the Balance Sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Page 11

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Notes to the Financial Statements for the Year Ended 31 March 2025

3 Income from charitable activities

Community centre income
Social club income
Preschool income
Community centre income
Social club income
Preschool income
Unrestricted
funds
General
£
81,242
24,000
-
105,242
Unrestricted
funds
General
£
54,054
20,000
-
74,054
Restricted
funds
£
-
-
85,701
85,701
Restricted
funds
£
-
-
88,246
88,246
Total
2025
£
81,242
24,000
85,701
190,943
Total
2024
£
54,054
20,000
88,246
162,300

Page 12

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Notes to the Financial Statements for the Year Ended 31 March 2025

4 Expenditure on charitable activities

Employment costs
Establishment costs
Repairs and maintenance
Office expenses
Printing, postage and stationery
Sundries and other costs
Accountancy, payroll and bookkeeping
Bank charges
Depreciation of tangible fixed assets
Employment costs
Establishment costs
Repairs and maintenance
Office expenses
Printing, postage and stationery
Sundries and other costs
Accountancy, payroll and bookkeeping
Bank charges
Depreciation of tangible fixed assets
Unrestricted
funds
General
£
35,298
28,098
46,719
3,448
1,379
3,423
3,455
-
307
122,127
Unrestricted
funds
General
£
35,599
16,151
34,761
4,015
1,430
681
3,450
-
307
96,394
Restricted
funds
£
98,773
1,942
-
765
-
2,979
-
74
-
104,533
Restricted
funds
£
96,308
2,500
-
621
-
1,153
648
76
-
101,306
Total
2025
£
134,071
30,040
46,719
4,213
1,379
6,402
3,455
74
307
226,660
Total
2024
£
131,907
18,651
34,761
4,636
1,430
1,834
4,098
76
307
197,700

Page 13

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Notes to the Financial Statements for the Year Ended 31 March 2025

5 Net incoming/outgoing resources

Net outgoing resources for the year include:

Depreciation of fixed assets 2025
£
306
2024
£
306

6 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

HEDCA Social Club operates bar facilities at the Association's premises under a licence agreement.

In addition, HEDCA Social Club has executed a deed of covenant under which its profits, after the licence fee, will be donated to the Hardway, Elson & Districts Community Association.

At the balance sheet date no amounts were due from HEDCA Social Club to the Association.

7 Taxation

The charity is a registered charity and is therefore exempt from taxation.

8 Tangible fixed assets

Cost
Cost brought forward
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
Freehold Land
and buildings
£
5,524
5,524
-
-
-
5,524
Furniture and
equipment
£
2,044
2,044
1,226
307
1,533
511
Total
£
7,568
7,568
1,226
307
1,533
6,035

Included within the net book value of land and buildings above is £5,524 (2024 - £5,524) in respect of freehold land and buildings and £Nil (2024 - £Nil) in respect of leaseholds.

Page 14

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Notes to the Financial Statements for the Year Ended 31 March 2025

9 Cash and cash equivalents

9
Cash and cash equivalents
Cash on hand
Cash at bank
2025
£
3
96,987
96,990
2024
£
3
134,820
134,823

10 Creditors: amounts falling due within one year

Other creditors
Accruals
2025
£
409
3,234
3,643
2024
£
2,884
3,180
6,064

11 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £2,204 (2024 - £2,153).

12 Funds

12 Funds
Unrestricted funds
General
Restricted funds
Total funds
Unrestricted funds
General
Restricted funds
Total funds
Balance at 1
April 2024
£
64,091
71,008
135,099
Balance at 1
April 2023
£
86,432
84,068
170,500
Incoming
resources
£
105,242
85,701
190,943
Incoming
resources
£
74,054
88,246
162,300
Resources
expended
£
(122,127)
(104,533)
(226,660)
Resources
expended
£
(96,394)
(101,306)
(197,700)
Balance at 31
March 2025
£
47,206
52,176
99,382
Balance at 31
March 2024
£
64,092
71,008
135,100

Page 15

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Income and Endowments from:
Charitable activities (analysed below)
Total income
Expenditure on:
Charitable activities (analysed below)
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Total
2025
£
190,943
190,943
(226,660)
(226,660)
(35,717)
(35,717)
135,099
99,382
Total
2024
£
162,300
162,300
(197,700)
(197,700)
(35,400)
(35,400)
170,500
135,100

This page does not form part of the statutory financial statements. Page 16

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Charitable activities
Grants and donations
Other income
Interest on cash deposits
Social club
HEDCA Groups (CC) bridge and bingo
Subscriptions
Hall hire (associated groups)
Hall Hire (private)
Entertainment (deficit) / surplus
Fees received
Grants and donations received
Profits on sale of photographs
Charitable activities
Admin wages
Wages and salaries
Staff NIC (employers)
Staff NIC (employers)
Employer pension contributions
Employer pension contributions
Staff training
Rent and rates
Preschool rent received
Rent and rates
Light, heat and water
Insurance
Insurance
Repairs and maintenance
Telephone
Computer and software costs (CC)
Printing, postage and stationery
Charitable donations
Sundry expenses
Toys, equipment and sundry expenses
Cleaning
Accountancy
Licences
Payroll and bookkeeping fees
Total
2025
£
19,790
300
291
24,000
3,529
6,175
39,153
11,750
545
3,660
81,701
49
190,943
(34,041)
(95,358)
(681)
(1,786)
(575)
(1,630)
(765)
(9,231)
1,275
(1,275)
(20,141)
(2,181)
(666)
(37,835)
(1,268)
-
(1,379)
(100)
(3,180)
(2,331)
(8,885)
(3,456)
(143)
-
Total
2024
£
350
-
274
20,000
3,198
5,146
34,006
10,955
399
7,621
80,306
45
162,300
(34,368)
(93,637)
(574)
(1,175)
(657)
(1,497)
-
(1,993)
2,500
(2,500)
(16,658)
(1,421)
(621)
(26,212)
(2,285)
(309)
(1,430)
-
(459)
(1,152)
(8,549)
(3,180)
(223)
(270)

This page does not form part of the statutory financial statements. Page 17

Docusign Envelope ID: 69AB85CB-780B-46BF-8356-5C758845B9F1

Hardway, Elson & Districts Community Association

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Payroll and bookkeeping fees
Bank charges
Depreciation of fixtures and fittings
Total
2025
£
(648)
(74)
(306)
(226,660)
Total
2024
£
(648)
(76)
(306)
(197,700)

This page does not form part of the statutory financial statements. Page 18