SPRINGWOOD COMMUNITY FOUNDATION
Registered Charity Number 1207156
Trustees Report and Accounts for the year ended 8 November 2025
CHARITY REGISTRATION NUMBER 1207156
TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 8 NOVEMBER 2025
Table of Contents
| Table of Contents | ||
|---|---|---|
| Page | ||
| Charity Information ……………………………………………………………….. | 3 | |
| Trustees Report ……………………………………………………………………… | 4 | |
| Accountants Report…………………..……………………………………………. | 6 | |
| Statement of Financial Activities…………………………………………….. | 7 | |
| Balance Sheet…………………………………………………………………………. | 8 | |
| Notes to the Accounts…………………………………………………………….. | 9 |
Page | 2
CHARITY REGISTRATION NUMBER 1207156 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 8 NOVEMBER 2025
Charity Information
Address: Springwood Community Centre 110 Springwood Avenue Waterlooville Hampshire PO7 8BJ Accountant: Landi Accounting Limited 62 Stakes Road Waterlooville Hampshire PO7 8NT
Page | 3
CHARITY REGISTRATION NUMBER 1207156
TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 8 NOVEMBER 2025
Trustees Report
Executive Summary
This document sets forth a report on Springwood Community Foundation, registered charity number 1207156. It outlines the organisation’s objectives and activities, its achievements and performance, proceedings, intentions for future periods, and a detailed review of its financial standing.
Introduction
The Trustees present their report and financial statement for the year ended 8[th] November 2025. This report is presented in accordance with the statement of recommended practice, “Accounting and Reporting by Charities” (SORP), issued in March 2005.
The Charity is governed according to the Constitution dated 22 February 2024.
The Charity’s annual reports are published on the Charity Commission Website, with effect from the year ended 8[th] November 2025.
Statement of Trustee’s Responsibilities
The Charities Act 2011 requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
Select suitable accounting policies and apply them consistently;
-
Observe the methods and principles in the Charities SORP 2005;
-
Make judgements and accounting estimates that are reasonable and prudent;
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
Prepare the financial statements on the going concern basis unless it is inappropriate to do so.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and take reasonable steps for the prevention and detection of fraud and other irregularities.
Organisation
Springwood Community Foundation exists to further or benefit the residents of Stakes and the neighbourhood, by associating together the said residents and the local 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 to improve the conditions of life for the residents.
Trustees
-
Charlotte Waters
-
Lee McAll
-
Keira Jacobs (resigned post year end)
-
Annmarie Ridgeway (Joined June 2026)
Page | 4
CHARITY REGISTRATION NUMBER 1207156
TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 8 NOVEMBER 2025
Volunteers
We really do appreciate all of our volunteers and Trustees. Their continued support, hard work and determination help us to continue, we could not do it without them.
Objectives
Objectives for the future include hosting more support groups for the well-being of the community, more free/lowcost activities for local families, and hosting markets to showcase local businesses e.g. craft markets and/or farmers markets. We are looking to hire a full time staff member in the coming year to aid the growing demands of the facility. With the increasing income levels year on year we have no concerns over the affordability of this.
Financial
The results for the year and financial position are set out in the Statement of Financial Activities on page 7 and the Balance Sheet on page 8. Total incoming resources were £99,125. Expenditure on resources was £53,149. The surplus for this year was £45,976.
Over time, we intend to make significant upgrades to the centre to make it more sustainable and energy efficient. We also need to have reserves as there are a few quiet months on hall hire income, also, the centre will need to repay it’s short term loan for items purchased before the centre had sufficient funds.
Signed on behalf of the Trustees
…………..………………………………………………………..
Page | 5
CHARITY REGISTRATION NUMBER 1207156
TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 8 NOVEMBER 2025
Accountants Report to the Trustees of Springwood Community Foundation
I report on the accounts of the charity for the year ended 8[th] November 2025, which are set out on pages 7 - 10
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The Charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year, section 144(2) of the charities Act 2011 (the 2011 Act).
It is my responsibility to:
-
Examine the accounts under section 145 of the 2011 Act
-
To follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)b of the 2011 Act
-
To state whether particular matters have come to my attention
BASIS OF INDEPENDENT EXAMINERS REPORT
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER’S STATEMENT
In connection with my examination, no matters have come to my attention:
-
(1) Which gives me reasonable cause to believe that in any material respect the requirements:
-
To keep accounting records in accordance with section 130 of the 2011 Act;
-
To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
Have not been met; or
- (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Landi Accounting Ltd
63 Stakes Road
Waterlooville
Hampshire
PO7 5NT
Date:
Page | 6
CHARITY REGISTRATION NUMBER 1207156
TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 8 NOVEMBER 2025
STATEMENT OF FINANCIAL ACTIVITIES
| NOTES INCOMING RESOURCES Grants and Donations 1 Centre hire Income from events Tuck Shop & Bar Income Bank Interest TOTAL INCOMING RESOURCES RESOURCES EXPENDED Direct Charitable Expenditure 2 Administration and Advisory Services 3 TOTAL RESOURCES EXPENDED BOUGHT FORWARD 8TH NOVEMBER 2024 SURPLUS/(DEFICIT) FOR THE YEAR CARRIED FORWARD 8TH NOVEMBER 2025 |
2025 Restricted 2025 Designated 2025 Unrestricted 2025 Total funds £ £ £ £ - - 438 438 - - 76,017 76,017 - - 5,476 5,476 - - 16,886 16,886 - - 309 309 - - 99,125 99,125 - - 30,469 30,469 - - 22,680 22,680 - - 53,149 53,149 - - 26,546 26,546 - - 45,976 45,976 - - 72,522 72,522 |
2024 Total funds £ 1,225 51,201 2,976 10,980 23 |
|---|---|---|
| 66,405 | ||
| 25,521 14,338 |
||
| 39,859 | ||
| - 26,546 |
||
| 26,546 |
Page | 7
CHARITY REGISTRATION NUMBER 1207156
TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 8 NOVEMBER 2025
BALANCE SHEET AS AT 8TH NOVEMBER 2025
| NOTES FIXED ASSETS CURRENT ASSETS Bank Balances 5 Stock Debtors CREDITORS Amounts falling due within one year 4 NET CURRENT ASSETS TOTAL ASSETS LESS TOTAL LIABILITIES CHARITY FUNDS Unrestricted funds TOTAL CHARITY FUNDS |
2025 £ £ 2,327 69,254 475 4,840 74,568 (4,374) 70,195 72,522 72,522 72,522 |
2024 £ £ 0 27,860 0 3,722 31,582 (5,037) 26,546 26,546 26,546 26,546 |
2024 £ £ 0 27,860 0 3,722 31,582 (5,037) 26,546 26,546 26,546 26,546 |
|---|---|---|---|
| 74,568 (4,374) |
31,582 (5,037) |
||
| 26,546 | |||
| 26,546 | |||
| 26,546 |
Page | 8
CHARITY REGISTRATION NUMBER 1207156
TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 8 NOVEMBER 2025
NOTES TO THE FINANCIAL STATEMENTS
1. GRANTS AND DONATIONS RECEIVABLE
| 2025 Restricted 2025 Designated 2025 Unrestricted 2025 Total £ £ £ £ Various small donations - - 438 438 Gifts in wills - - - - Small Grants - - - - - - 438 438 2. DIRECT CHARITABLE EXPENDITURE 2025 Restricted 2025 Designated 2025 Unrestricted 2025 Total £ £ £ £ Tuck shop & Bar supplies - - 11,996 11,996 Staff costs - - 1,100 1,100 Security & Facilities management - - 17,372 17,372 - - 30,469 30,469 3. ADMINISTRATION AND ADVISORY SERVICES 2025 Restricted 2025 Designated 2025 Unrestricted 2025 Total £ £ £ £ Rent - -1,000 1,000 Insurance - - 963 963 Gas & Electric - - 14,819 14,819 Waste Collection - - 1,260 1,260 Water rates - - 1,258 1,258 Postage & Stationary - - 98 98 Accountancy - - 600 600 Telephone - - 554 554 Subscriptions - - 1,393 1,393 Repairs & Renewals - - 350 350 Depreciation - - 385 385 - - 22,680 22,680 |
2024 Total £ 1,225 - - |
|---|---|
| 1,225 | |
| 2024 Total £ 10,113 15,408 - |
|
| 25,521 | |
| 2024 Total £ 816 982 8,518 766 904 246 715 395 517 480 - |
|
| 14,338 |
Page | 9
CHARITY REGISTRATION NUMBER 1207156
TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 8 NOVEMBER 2025
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
4. CREDITORS
| Accrued expenses Creditors Security deposits held PAYE & NIC Payable Short term loan |
2025 2024 £ £ 1,200 600 1,318 1,599 985 970 (1,129) (132) 2,000 2,000 |
|---|---|
| 4,374 5,037 |
5. BANK ACCOUNT BALANCES
| Business Current Account Business Reserve Account 6. FIXED ASSETS Cost At 6 April 2024 Additions At 5 April 2024 Depreciation At 6 April 2024 Charge for the year Net book values At 5 April 2024 At 5 April 2025 |
2025 2024 £ £ 6,751 13,666 62,503 14,194 |
|---|---|
| 69,254 27,860 |
|
| Plant & Equipment Total £ £ - - 2,712 2,712 |
|
| 2,712 2,712 |
|
| - - 385 385 |
|
| 385 385 |
|
| - - |
|
| 2,327 2,327 |
Page | 10