## **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