CllAky REGISTRATION NUMBER: 1198744 COMPANY REGISTRATION NUMBER: 14019946 {LNGLAND AND WALES) The Forge (Binfield Heath) Annual Report and Unaudited Financial Statements for tbe year ended 30 April 2025
The Forge (Binfield Hea¢h} Legal and Administrative InfornlI0ll Charity reglstratlon Dumber 1198744 Company registr2tion Dumber 14019946 Registered office 9 Heathfield Avenue Binfield Heath H¢nley-On-Thames RG9 4ED The Trus¢ees 4nd Diredo Rob Brough Packham Roger MurrdV_Leach Sarah Jane Fulion-urry Trevor March William lan David La72nL8 Cbaimatt and Director Stephen Paul Rollason Independent examiner Kodam Accountants Ltd Chartered Accoutktant 176 Blackamoor Lane Maidenhead SL6 8RT
The Forge (Binfield Heath) Contents Trustces, Annual Report Independent examineV5 retK)rt Statement of Financial A¢livili¢s Balance Sheet Notes to The Financial Statements 6-10
Tlke Forge (Binfield Heath) Trustees, Report (lll¢ludiDg Directors, Rew•rt) For the Year Ended 30 April 2025 Structurfy governance and management The Trnstees present their annual rewrt together with the unaudited finan¢ial slafrments of the Charitable Company for the year ended 30 April 2025. The Annual retM)rt serves the purtM)ses of both a Trustees, rewrt and a directors. rert under company law. The TteeS COnfM that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the TequiTements of the charitabl¢ Compan) s governing document (Tr£ing the Articles of Asso¢iation dated I April 2022) and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts ID accordance with the Financial Reporting Standard applicable in the UK and Republic of Irclalld (FRS 102} (effective l January 2019}. setting objectives and planDiDg for activities, the Trustees have given collsid¢rntion to general guidancc published by thc charitiC5 comrnission relating to public knefit. Objectlves, getivities and future plans The charity was formed in order to purch&se The Forge. a freehold property in the middle of ihe village of Binfield Heath, which consists of two buildings. a single storey building used previously as a repair garag¢ nexi d(ior to a two story rottage. Having purchased the property, the objective now is to refurbish the former garage to ¢at¢ a village hall for use by the community. The cottage has been refurbished and is no gcnerating rental revenue which NTrill ultTTnately assist in fimding the running costs of the village hall. Achievements and perforni¥nce During the previous ycar, thc Compan). achieved its objective of purchasing The Forge. This was funded by a charilable donation and no fvrther fundTaising activities are planned this lilne. During the y¢ar, th¢ Company cotnpleted the refurbishment ofthe cottag¢ which it subsequently let to tenants. The Company's n¢xt obj¢¢tiv¢ is to refurbish the fomier garage to enable it to be used by the local comfflunity. Strnrture* governance and management The Lharity fornied a Company limited by guardrttee. The Forge Binfield Heath Limitc& to fulfil this rol¢ and the Company acquir¢d th¢ PrortV. This was b¢¢n funded by a charitable donation given specifically to buy the Forge and to proyide ihe village with a conimunity centre.
The Foe (Binfield H¢gth) Trustees, Annual Report For tbe Year EDded 30 April 2025 The charity is managed by a Board of Trustees who meet monthly. The charity has no employees. The Trustees are all residents of the village, who understand the needs of the communitv and who between them have the necessarv skills and professional experience to take on a project of this nature. Since the property was pur¢has¢(L ihe Tne¢S have t*¢n solely (xcupied with planning the refurbishment of both buildings, calling uwn and hiring professional expertise where appropriaie. Al their meetings, all expenditure is ahOrISed and tnanagement accounts. prepared by" an experienced part time accountanL are reviewed. Finantial review A deficit of £4,046 (2024.. deficit of £21,128) is recorded in the fmancial statements. Reserves As shown in the attach¢d finan¢ial statements, r¢s¢rves Carried forward at 30 April 2025 - all of which We unrestri¢ted reserves - tolalled £2,402,022. Free reserves (being total reserves less fixed assets) totalled £950,630. -lthe charity has a IOM, level of overheads and commitments to third parties and so, at this state, its w)licy on reseryes is ruSed on retaining a level of reserves and cash which is sufficient to cotnplete the property TefurbishmenL The reserves at 30 April 2025 are expected to be sufficient for ihat purpose. Risk factors The Trustees have assessed the D]ajor risks to which the Charity is exposed. The prtncipal risk identified is to being able to fund thc rcfurbishmcnt of The Forge. The Trnslees consider that the remaining liquid funds are sufficient to complete ihe r¢furbishm¢nt olihe pnjperty. The T stees report was approved on I .Lknd signed on behalf of the IM)ard of Trustees by.. YyLT' Trustee
The Forge (Binfield Hvatkn) Independent Examiner'5 Report To the Trustees of The Forge {Binfield Heath) I report to the trustees on my exatnination of the fulancial stslements of The Forge {Binfi¢ld Heath) (th¢ charity) for the y¢ar ended 30 April 202). Respon51bilitles #ttd basis of Trport As the ttwstees of the Charity (and also its directors for the purtM)ses of company law) you are responsible for the preparntion of the finan¢ial statements in accordan¢¢ with the requirements of the Companies Act 21K>6 {the 2006 Act). Having satisfi¢d myself that the financial atements of the charity are not requir&1 to be audited under Part 16 of the 2006 Act and Are eligible for independent examination. I report ID respect of my examination of the charity's financial statements carried out under section 145 of ihc Charities Act 201 I (the 2011 Act)- In carrying out my examination I have followed atl the applicablc Directions given by the Chkrity Commission under section 145(5)(b) of the 2011 ACL Independent examiner's statetDent I have completed my examination. I ¢onfwm that no Enatters have corne to Tlly attention in Connection with the examination giving me cause to IKlieve that in an¥ material respect= l a¢¢ounting records not kept in respect of the chartty as required by section 386 of the 2006 2 the financial statements do not cOrd with those records. or the financial statements do not comply ii.ith the accounting requirements of section 396 of th¢ 2006 Act oiher than any requirement that ihe accounts give a true and fair vi¢w ,hiCh is noi a matter considered as part of an independent examination- or the financial statemeftts have not been prepared in accordance with the methods and principles of the Statement of Recomm¢nd¢d Practice for accounting and rew)rting by charities applicable to haritieb preparit]g th¢ir aG¢ounts in accordanc¢ with the Financial Reporting Stsndard applicabl¢ in th¢ UK and Republic of Ireland (FRS 102). I have no concerns and have come acri no othu matters in connection with the examinalion to whi¢h attention should ix drnwi in this rew>rt in order to enable a proper understanding of the financial statements to be rea¢hed. James Wetherall ACA Cbartered AccounlaDt 176 Blackamoor Lane Maid¢nhead, Berkshire SL6 8RT
The Forye (Billfield Heath) StatemeDt of Financial Activilies To the Trustees ofThe Forge (Binfld Heatb) Vegr ended 30.(M.25 Yegr ended 30.04.24 U#rtstritted Totsl Funds Totsl Funds Note Intome and Endowments Donations and Legacies Other Trading A¢tiviti¢s Investment Income 9.577 18,046 9.577 I8,(6 18,577 Tot21 Income 27.623 27,623 18,577 Expenditure Expenditure on Raisin¥ Funds: ExndItUre on Charitable Activities 31.669 31,669 39,705 Total Expendimre 31,669 31,669 39.705 Net loss ¥Jnd net movtmellt in flld5 4,046 21,129 Reconcilition of funds Total funds brought forward 2,406.068 2.406,068 2,427,196 Total funds ¢arried forward 2.402.022 1402,022 2.406.068 The statement of fin4nci4I activities includes all gxing gnd losses reCOled in the year. All income and expenditur¢ deriv¢ from continuing activiiies. The statemenl of financial activities a]so complies with the r¢qutrements for an income and expenditure account under the Companies Act 2006.
The Forge (Binfield Heath) BalaDce Sheet To the Trnstees of The Forge (Binfield Heatb) Yegr ended 30.04.25 Year ended 30.04.24 Note Fixed Assets Tangible fixed &ts 13 1.452,111 1,420,639 Current assets Cash at bank and tn hand 950.630 950.630 985,968 985,968 Creditors: amounts falling due within one year io 720 540 Ne¢ current assets 2,402.742 2,406.608 Total assets less curttnt liabilities 2.402.022 2.406.068 Funds of the eharitv Unrestricted funds 2.402.022 2,406,068 Total charity funds 14 2,402,022 2,406,068 I'he company is entitled to the exemption from the Audit requirement contained in section 477 of the Companies Act 2006. for the year ended 30 April 2025. The directors acknoivledge their responsibilities for complving with the requirement of the Companies Act 2006 with respect to a¢¢ounting re¢ords and Ihe preparation of financial STaiements. The members have not required the company to obtain an audit of its financial statement for thc year in queslion in a¢¢ordan¢¢ with se¢tion 476. These fanCIal slatcmenis have IKen prepared in acwrdan¢¢ with the provisions applicable to companies subject to th¢ small companies regime. These fmanci&l statements were approved by the board of Tee5 and auth0ri5ed for issue on -L%and are signed on haIr of the Ix)ard by: Trustee
The Foe (Billfield Heatb) Notes to the Fine11 Statements To the Trustees of Tbe Forge (Binfwld He4th) l. General Infornution The Forge (Binfield Heath) is a private Company limited by guarantee incorporated in England and Wales. The regislered oifice is 9 Heathfield Avenue, Binfield Heath. Henleyl)n-Thames RG9 4ED. 2. Sl#tement of Compli2nee These financial stat¢menls have been prepared in accordance wit the charity"'s Igoverning document], the Companies Act 2006, FRS 102 'The Financial RewTrrting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Rewrting by Charities- Statemenl of Recommended PralSe appliable to charities preparing their accounts in accordance with the Financial Retx)rting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective l January 2019). Th¢ charity is a Public Entil) as defined by FRS 102. 3. Accounting Policies Basis of Preparation The financial statements have been prepared on the historical Cost basis, as modified by thc revaluation of certain finan¢ial assets and liabilities and investment properties measured at fair value through income or expenditure The financial statetnents are prepared in sterlin& which is the functional currency of the entity. Going ConcerD There ar¢ no material uncertainties about the charity's ability to continue. Diselosure Exemptions The entity satisfies the ¢riteria of being a qualifying entity as defined in FRS 102. As such. advantage has been lak¢n of the following disclosure exemptions available under paragraph 1.12 of FRS 102.. (a) No cash flow statement has be¢n pr¢senied for the coTnpani'. (b) Disclosures in rcspect of fin4mcial instrnments have not been presente41 Judgements and Key Sourees of Estimation Uncertsinty The preparation of the fmancial statements requires managemenl lo make judgements, estimates and assumptions that affc¢t the amounts retK)rted. These estimates and judgements are continually reviewed and are based on experien¢¢ and other factor& in¢luding expectations of future events that are belieed to be reasonable under th¢ circumstances. Fund Accountillg Untestricted funds are available for use at the discrdion of th¢ Trustees to further any of the charitys purw>ses.
The Forge (BbDfield Heath) Notes to the Financial StstemeDts (continued) To the Trnstees of The Forye {Binfkld Heath) Restricted funds can only Ix used for particu18r Testricted purp)5es within the objects of the charity. RcstriLtions arise when specified by the donor or when funds arc raised foT particular restricted purposes. IDcomiug Resour¢es All incotning resources are incfvded in the statement of ffflaneial activities 'hen entitlement has passed to the charity- it is probable that the economic benefits associated with the transaLtion will flow to the charity and the amount can reliablv Ene&sureiL Resources Expended Liabilities are recolsed as expendire as soon as there is a l¢gaI or constructive obligation committing the charity to that expenditure, it is probablc that a transfer of economic benefTts iTrill be rcquired in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been ¢lassified under headings that aggr¢gale all cost related to the category. Where costs cannot be d]rtlY attributed to particular headings they hav¢ en allocated to activities on a basis consi5t¢nt with the use of resources. Support costs are those that assist the work of the charity but do not direcily represenl charitable activities and tnclude governance costs. The analysis of these costs is Includ in notr 8. Fixed assets Tangible fixed assets are stated at cost less ¢mUlated depreciation. Cost includes costs directly attributable to making the assei capable of opernting a5 inteDde¢L Depreciation is re¢ognised so as to TIte off the ¢(t or valuation of assets less their residual values over their useful lives on the following bases.. Land {1 bLbÉliJiTrgs" Fixtures & Fittings 2% cost 5 years straight line Cash It b*llk hand Cash at bank and in hand in¢ludes cash and short terni highly liquid investments with a short maturity of three months or less. Tax 'rhe charity is an exempt chartty within the meaning of schedule 3 of the Charities Act 2011 and is considered lo pass the tests set out Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corN)Tation tsx purEX)se
The Forge {Binfield Heatb) Notes to the Financial Statemettts {contiDued) To the Trustee5 of Tbe Forge (Binfield Hegth) 4. Donatiolls Legacies Unrestricted Totsl Fund¥ Unrestri¢ted Total Funds 2025 Funds 2024 Donation5 5. Other Trading Activities Unrestricted Totsl Fund5 Unrestricted Total Funds Funds 2025 Funds 2024 Other Income 9.577 9,577 6. Investment income Unrestrirtoj Totsl Funds F(L8 2025 UrLTe5trictd Total Funds FlS 2024 Bartk Interest 18.046 18.046 18,577 18,577 7. Charit*ble activitie5 Costs Unrtstricted Tot81 Funds Funds UnTestrictcd Total Funds 2025 2024 Governance and support costs 31,669 31.669 39,705 39,705
The Forge (Binfield Heaib) Notes to the Finaocial Statements (coutillued) 8. Analysis ofgoverDan¢e and support costs U[eStrICtd Total Funds Unrcstrictcd Tot21 Funds 2025 2024 Accountan¢y Fees Bank Lharges Depreication Insurance Legal bees Light, Heat, Power Materials and Laknur Printin& Postage and Stationary Renl and Rates Repairs and Maintenance Subscriptions Travel 1,367 62 7.419 2256 9.140 1,668 1134 53 1376 4.708 486 l J67 62 7,419 2,256 9.140 1.668 2.134 53 2.376 4.708 486 4,119 61 4.119 61 2,357 7,413 3,821 3,694 2,357 7,413 3,821 3.694 5,030 12,883 308 13 39,705 5,030 12,883 308 31.669 31.669 39,705 9. Trustee Remuneration and Eipenses No remuneralion or other benefils from emplo)Tnent with the charity or a related entity were received by the Trustecs. No Trustce cxtKnses have been incurred. 10. AccThals and deferred income 2025 2024 Accrua]s and deferred incorne 720 540 11. Staff costs The total staff costs and employee benefits for the rertIng period are anaiysed as follows: 2025 2024 The average head count of employees during the year was Nil (2024: Nil). No employee received employee benefits of Tnore than £60.000 durtng the yeaT (Period ended 2024.. Nil)
The Forge (Binfield Heaih) Notes to the Financial Ststements (tontillued) 12. Taxation The charity is an excEnpt charity within the m&wing of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therore it meets th¢ definition of a charitable company foT UK ¢orW)lon tax pUrSeS. 13. Tingible fixed assets Land aDd xtllre & buildings Fittings Total Cost Ai l May 2024 Additions At 30 April 2025 1,420,639 36.196 1,456W5 1.420,639 38,891 1,459,530 2,695 2,695 Dtpreci*tion At l May 2024 Charge for the period At 30 April 2025 7284 135 135 7.419 7.419 Net book value At 30 April 2025 At 30 April 2024 1.449,551 1.420.639 2.560 1,452,111 1,420,639 14. General funds Atol May 2024 In¢oTne Expenditure At 30 April 2025 Unrestrict¢d Funds 2,406,068 27,623 ( 31.669) 2,402,022 IS. Related P2rty Transactioll5 No I rust¢e had any personal interest in any contract or transaction entered into by the Charity during the year (2024-£Nil). There are no related party trdnsaciions lo dis¢lose. 10