THE ARKLEY ASSOCIATION CIO REGISTERED CHARITY NUMBER.. 1196421 Report of the Trustees and Financial Statements for the year ended 31 March 2025 Verdant Accountants Ltd 20-22 Wenlock Road London N17GU
THE ARKLEY ASSOCIATION CIO CONTENTS FOR THE YEAR ENDED 31 MARCH 2025 DESCRIPTION PAGE NO. Report of the Trustees Report of the Independent Examlner Statement of Flnanclal Actlvltles Balance Sheet Notes to the Financial Statements 6-10 Detailed Statement of Financial Activities
The Arkley Association CIO Registered number: Report of the Trustees 1196421 The trustees present their report together with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES The objective of the Association is lo benefit the inhabitants of Arkley and the neighbourhood by associating with local aulhorilies, voluntary organisalions, and inhabitants in a common effort to advance education and to provide facilities in the Interests of social welfare for recreation and leisure-lime occupation and lo improve the Conditions of life for the inhabitants. The Association runs a community and sports centre for the purposes of achieving its objectives. ACHIEVEMENT AND PERFORMANCE The hall is hired out lo groups to provide the amenities for the local population and to individuals for private hire. Regular groups using the hall include Arkley's Little Acorns Nursery School, short- mal bowling, jujitsu, woodturning, art and crafts and worship. Individual hirings include parties and other celebratory events. This year, members of Hearts of Arkley, St Peter's church and the Arkley Association joined together lo run a well-allended community fayre in the Arkley Association, hall and grounds in May which included a dog show. The success of this event enabled a further Christmas Bazaar to lake pla In the hall at the end of November. This again was a popular event, despite the heavy rain, with a visit lo see Father Christmas being a particular attraction for both children and adults. Future events of this nature depend as usual on the availability of local volunteers to help in running the day. During the summer of 2024 the Arkley Association was approached by Harvey Becker, a tennis coach and former UK national champion, with the proposition to upgrade the tennis courts and club house and make more of the existing tennis facilities to promote both tennis and pickleball. This was seen by the trustees as an opportunity to increase local use of our tennis facilities. The tennis courts and clubhouse have now been upgraded by Harvey Becker and we are hopeful his tennis establishment will attract new tennis players to use the facilities. The trustees have had regard to the guidance issued by the Charity Commission on public benefit. FINANCIAL REVIEW The financial statements are for the year ended 31 March 2025 and are shown together with comparatives for the previous year lo 31 March 2024. The trading results for the year showing a surplus of £12,27212024 £15,353) and are very much in line with the trustees, expectations. Income from activities generating funds in the year to 31 March 2025 has been £61,40812024 £61,548) and the only vacancies for use of the hall have been a couple of evenings in the week and at times during the school holidays when Little Acorns Nursery Is not resident. These vacancies have enabled repairs and renewal work to be carried out lo the hall and grounds, particularly in areas such a5 the fencing, drains. driveway and servicing of equipment. CCTV has been installed and a bench in memoriam plad in the grounds. The hall is over 60 years old and further programmes of renovation and renewal using our reserves in the coming yearlsl are planned. The charity's trustees believe the charity has sufficient funds lo weather all Ljnexpected costs in the coming year and in view of this the financial statements have been prepared as 8 going concern. Reserves are held to ensure the Association can meet its liabilities as they fall due, particularly those that will fall due at the end of the final lease of the existing village hall and ils grounds. Reserves are also held to ensure that any circumstances that reduce income or increase costs can be managed by the Association and to ensure that the buildings, tennis facilities, green areas
nd car park can conlinug In hp maintained to a level that encourages use by the community.
Financial stability is very Important 10 the A5sociaiion 10 ensure thal11 can EontiflU¥ iv Pfuvide facilities for the local community in this part of the London Borough of Barnet. STRUCTURE, GOVERNANCE AND MANAGEMENT The Arkley Association CIO is a charitable incorporated association. The charity s constitution r6m3ins in line with aims and objp.cts for ThA Arklp.y Aqqnr.ialinn originally agreed in the early 1960'b. The management committee is composed of members of the Association who 31so act as trustees and who meet reqularly during the year lo arrange. regulate and review Ihe bLJsiness of the CIO. The committso welcornes new members who would likp lo qprvp on thp. rnmmittpp. and values the skills and experience each brings lo the management of our community resource. Committee members give their time voluntarily and receive no remuneration or benefits. The trustees offer themselves up for election 81 the Annual Gener81 Meeting which takes place in October each year. REFERENCE AND ADMINISTRATIVE DETAILS Charity Name Tne Arkley Assoclaiioll Glo Registered Charlty number 1196421 Prlncipal address Arkley Villag8 Hall Briekfiold Lgno Arkley Hertfordshire ENJ 3LD Trustees M Petersen Ichairl F H Patel ITre3surer to 27_10.20251 R Mace Mrs K Nimal-Raj Mrs K Read ITrga8urar from 27.10.20251 Dr J Warren (from 1.4.?0?41 DECLARATION The trustees declare that they have approved the tru5tee5' report above. Sisned on behalf of the charity's trustees. M Petersen Chair Date
INDEPENDENT EXAMINER'S REPORT Independent examiner's report to the trustees of The Arkley Assoeiation Cl(k Charit}, Lyumber 1196421 I report on the financial sLqtements ot the charity for the year ended 31 March 2025, set out on pages 4 to 10. Respective responsibilities of trnstees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance witl) the Charities Aci 2011 ('the Act,). The Charity's trustees consider that an audit is not required for this year under section 144 of the Act and t]iat an indcpcndent exaniination is needed. Whcre the charity's gross incomc cxcceded £250,000 l am qualified to uiidcrtakc the examination by bcing a qualified Fellow of the Chartered Association of Certified Accountants. It is tlly rcsponsibility to cxatninc th¢ accounts under section 145 of thc Charitics Act, follow thc applicable Directions given by the Cliarity Commission under section 145(5)(b) of the Act, aiid stale whether parlicular matters have coine to my allenlion. Basis of independent examiner's report My exainination M'as catTied out in ac¢ordan¢¢ with tlie g¢n¢ral Directions given by the Chariry Commission. An examination incliides a review of the aecoiiiiting records kept bv the charitw and a ¢omparison of th¢ a¢counts presented with ihose records. It also includes ¢onsid¢ration of an! unusual items or disclosures iii the accounts, and seeking explanations from the tnistees conceming any such matters. The procedures undertaken do not provid¢ all th¢ ¢vid¢n¢¢ that would b¢ requir¢d in an audit and consequentl}' no opinion is given as to ivhether the accounts present a 'tn]e and fair view, and the report is limited to those matters sel out in the statement below. Independent examiner's Statement (l ) In connection ivith my examination, no material matters have come to my attention ']Ch give me cause to believe that, in any material respect.. the ac¢ounling re¢ords w¢r¢ not kept in a¢cordance wilh seclion 130 of Ihe Charities Act; or the accounts did not accord with the accounting records,. or the &c¢ount.q did not ¢omply with the applicabl¢ requirements ¢onceming the fom) and content of the accounts set out in the Charities (Accounts and Report) Regulation 2008 other than an! requirement that the accounts give a 'tru¢ and fair, vieiill which is not a matter considered as part of independen( examination. (2) 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. Chaweevan Williams FCCA Chartered Certified Accountant Verdant Accountants Limited 20-22 Wenlock Road, London IN 7GU. Date.. I I, November 2025 Page 3
THE ARKLEY ASSOCIATION CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Funds Year Ended Unrestricted Funds Year Ended 31 March 2025 31 March 2024 INCOMING RESOURCES In¢omg and Endowrnents other Trading Activrfcies 61,408 61.548 Totsl incoming resources 61.408 61,548 RESOURCES EXPENDED Co¥t of generating funds Charitable Activthes 48.086 1,050 45,175 1.020 Administrative Expenses Total r8sourc&s 8xpand•d 49.136 46,195 NET TRADING INCOMEI IEXPENDITUREI 12,272 15,353 Interest Recelved 1.591 1,385 NET INCOMEI IEXPENDITUREI 13,863 16.738 Total funds brou9ht forward 10 120.922 104,184 TOTAL FUNDS CARRIED FORWARD 10 134.785 120,922 All Incorning iesources 8nd resources expended arise from continuing activities. All funds in the year ended 31 Mar 2025120241 were unrestricted. Notes 1 to 10 fortn part of these awounts Page 4
THE ARKLEY ASSOCIATION CIO BALANCE SHEET AS AT 31 MARCH 2025 31 Al•r 2 31 Mar 2024 CURRENT ASSETS Debtors & Prepaym1$ Cash at bank and in hand 3,073 150.344 1S3A17 1,S22 149, 151,428 CREDvfoRS Amounts falling due Wihln one year 11a,632) 130,5081 NET CURREfrrr ASSETS 134,785 120.922 TOTAL ASSETS LESS CURRENT UA8IUTIES 134.785 120,922 NET ASSÉTS 134.785 120.922 FUIID8 Unrestricted funds I Ideficitsl 10 134,785 120,922 TOTAL FUIIOS 134.785 120.922 Tho Trustees consider that th8 chanty antilS8d to 6xomDtion from Ihe requiromènt to hav& an audil rnemb6 h8vè not ruired the charity to obfain an 8udt for the reriod in question. The Trustees acknoge their re$ponsibilities for MPlying th Ihe TequiTements wlth respecl lo accounb.ng re(LJrds and for preparing finana81 statemenls In accordance wrth non company charities. The financd statèmènts warè apwoved by Iho Trusloas on 27 OCtor 2025 and nod on thgir b8halfby.' peTrMn Chalrman Notes 110 10 fom7 of Ihese P4gg 5
THE ARKLEY ASSOCIATION CIO NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 ACCOUNTING POLICIES 1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS1021, and all other applicable accounting standards, as modified by the Statement of Recommended PracliTr for Accounting and Reporting issued by the Charity Commissioners for England & Wales ISORP 20191. The accounts have been drawn up in accordance with the provisions of the Charities IAccounts and Reports) Regulations 2011, and include the results of the charity's operations which are described in the Trustees. Report, all of which are continuing. Insofar as the Statement of Recommended Practi for Accounting and Reporting issued by the Charity Commissioners for England & Wales, requires compliance with specific Financial Reporting Standards, advantage has been taken to allow the format of the financial stslements to be adapted lo reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP. 1.2 FUND ACCOUNTING General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtheonce of the general objectives of the charity and which have not been designated for other purposes. 1.3 INCOMING RESOURCES All income is recognised once the charity has enlitlemenl to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Turnovgr.. Turnover is included in incoming resour$ when these are receivable, except as follows.. When donors specify that payments to the Charity musl be used in future accounting periods, the income is deferred until those periods. When donors impose conditions which have to be fulfilled before the Charity becomes entitled to use such income., the income is deferred and not included in incoming resources until the preconditions for use have been met. Voluntary income, including donations, gifts and grants that provide core funding or are of a general nature, are recognised where there is entillemenl, certainty of receipt and the amount can be measured with sufficient reliability. Membership fees and association fees are accounted for as and when the income is receivable Other Income." Other income Ifeesl is recognised in the period in which the Charity is entitled to ceIpt and the amount can be measured with reasonable certainly. Income is deferred only when the Charity has to fulfil the condib'ons before becoming enb'lled to it or where the donor has specified that the income is lo be expended in a future period. Page 6
THE ARKLEY ASSOCIATION CIO NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 ACCOUNTING POLICIES (Continuad...) EXPENDITURE All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation of acb'vities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis Consistent with the use of the resour5. INVESTMENTS Listed investments are measured at fair value. Unlisted investments are measured al fair value unless the value cannot be measured reliably. DEBTORS Short temi debtors are measured al transaction price (which is usually the invoice pricel, less any impairment losses ft)r bad and doubtful debts. CREDITORS Short term creditors are measured at transaction price (which is usually the invoice pri1. TAXATION No taxation has been provided in the financial statements because as 8 registered charity, it 8pplies all income to ils charitable objective and is exempl in accordance with Section 505 of the Income and Corporation Taxes Act 1988. Page 7
THE ARKLEY ASSOCIATION CIO NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Year Ended 31 Mareh 2025 Year Ended 31 March 2024 2. ACTIVITIES FOR GENERATING FUNDS Hirings income- Regular Hirings income- Non regular Association fees 22,562 38,196 650 22,686 37.580 1,282 61,408 61,548 Year Ended Year Ended 31 March 2025 31 March 2024 3. INVESTMENT INCOME Deposit account interest 1,591 1,385 1,591 1,385 Year Ended Year Ended 31 March 2025 31 March 2024 4. CHARITABLE ACTIVITIES COSTS- DIRECT Charitable Activities 48,086 45.175 Page 8
THE ARKLEY ASSOCIATION CIO NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Year Ended 31 Mareh 2025 Year Ended 31 March 2024 5. CHARITABLE ACTIVITIES COSTS- NON- DIRECT Exarnination & Accountancy fees 1,050 1,OSO 1,020 1,020 Yèar End$d 31 March 2025 Year Ended 31 March 2024 6. GOVERNANCE COSTS Exarnination & Accountancy fees 1.050 1.050 1,020 1,020 Year Ended 31 March 2025 Year Ended 31 March 2024 7. EXTERNAL PERSONNEL Average nurnber of persons seW employed by the association The assoaation has no employees. The association has one self employed care taker. Year Ended 31 March 2025 Year Ended 31 March 2024 8 DEBTORS Amount falling due within one year Other Trade Debtors & Prepayments 3,073 1,522 3.073 1,522 Page 9
THE ARKLEY ASSOCIATION CIO NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Year Ended 31 March 2025 Year Ended 31.03.2024 9. CREDITORS Amounts falling due within one year Tiade creditors Other Creditors Accruals 17,582 1,050 25,811 4,695 18,632 30.506 10. MOVEMENT IN FUNDS Movement in fund8 At 31 March 202S At 01 April 2024 Unrestricted funds General fund- as previously stated 120.922 13.863 134.785 TOTAL FUNDS 120,922 13,863 134,785 Net movernent in funds, induded in the above are as follows.. Ineoming Re$oure•s Movement Unrestricted funds General fund 62,999 149,1361 13,863 TOTAL FUNDS 62.999 149.1361 13.863 Page 10
THE ARKLEY ASSOCIATION CIO DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 This scljedule does not fon7F part of the statutory aGCOUnts Unrestricted Unrestricted Funds Year Ended 31 March 2024 Funds Year Ended 31 March 2025 INCOMING RESOURCES Incom8 and Endowments Hirings income- Regular Hirings incotne- Non regular Association fees 22,S62 38,196 650 22,686 37,580 1,282 61,408 61,548 Investment income Interest Received 1,591 1,385 Total incoming rèsoureès 62.999 62,933 Page11
THE ARKLEY ASSOCIATION CIO DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 This schedule does not fom? part of the stalulory aGGounts Unrestricted Funds Year Ended 31 March 2025 Uniestiicted Funds Year Ended 31 March 2024 RESOURCES EXPENDED Direct Charitsble A¢tivitie¥= H811 Cl&aning & Administration Hall & Tennis hut maintenance 26,317 11,289 2,129 8,184 25,004 8,499 5,186 6,207 Rates & Insurance Light & Heat and water 47,919 44,8 Managèmènt & Administrativ•'. General Expenses 167 279 167 279 Gov•mane• costs Audit & Accountancy fees 1,050 1,020 1,050 1,020 TOTAL RESOURCES EXPENDED 49,136 46,195 Page 12