Charity registratlon number 1212249 IEngl•nd and Wales) KINGSWOOD VILLAGE COMMUNITY ASSOCIATION 2025 ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 KINGSWOOD VILLAGE COMMUNITY ASSOCIATION 2025 LEGAL AND ADMINISTRATIVE INFORMATION Trustèè MrRIGunn MrA V Hawker Mr S R Kippen Mr5 S M Camblin Mr5 M A Cayton Mrs J D Hale Ms J Quartermain Mr5 C J F Vanh8ecke Dr S H Wilson Mrs S Sen {Appointed 21 Febw8ry 20251 {Appoiinted 21 February 20251 {Appoinled 21 February 20251 {Appoinled 4 December 20251 {Appoinled 4 December 20251 (Appoint8d 4 December 20251 {Appointed 4 December 20251 IAppointed 4 December 20251 IAppoinled 4 December 20251 IAppoinled 2 January 20261 Charlty registration England and Wales 1212249 KINGSWOOD VILLAGE COMMUNITY ASSOCIATION 2025 CONTENTS Page Trustees, report Notes lo the financial statements KINGSWOOD VILLAGE COMMUNITY ASSOCIATION 2025 TRUSTEES. REPORT FOR THE PERIOD ENDED 31 DECEMBER 2025 Tha Trustaes present their annual ieport and financial statements for the period ended 31 December 2025. The financial statements have been prepared in 3¢¢OTdance with the accounting poliues set out in note 1 to the financial slalemenls and comply with thè KVCA'S governing document. the Charities Acl 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland. and the Charities SORP "Accounting and Reporting by Charities.. Statement of Re¢omrnended Practice applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" The charity was established on the 21 February 2025 for the sole purpose of tsking over the activities of the Kingswood Village Community Association (Charity Nurnber.. 27518n. This change will happen on l January 2026. During 2025 the charity had no activities. Objec￿¥￿$ and activities The KVCA'S objects ale to Promote and support cornmunity life in Kingswood. The poTrlicies adoptèd in furtherance of these objects are for the provision and managernenl of Kingswood Village Hall for Community events and there has been no thange in these during the period. The Trustees will manage Kingswood Village H811. organise events in the hall, let the hall to othèr users, publish 'The Village Voice.. which is deliverèd frèe lo all properties in Kingswood. and. through thè KVCA'S drama arm KADDS. put on theatrical producti(>n5. The KVCA also organises OT participales in other activities which strengthen community spirit in Kingswood. Public benefit The Ttuslees have paid due regard lo guidance issu&d by the Charity Commisslon in deciding what a¢tivilies the KVCA should undertake. Financral review Reservès poliGy It is the policy of the KVCA that unrèstricted funds which have not been designated ft)r 8 specific use should be maintained al 8 level equivalent tts between three and six month's expendilure. The Trustees consider that reserves at this level will ensure that. in the event of a signifieant drop in funding, they will be able to continue the KVCA'S urrenl activities while ¢onsideration is given lo ways in which additional funlls may be raised. This level of reserves has been maintained throughout the period. Structure. govoman¢• and management The Trustees who served during the period and up to the date of STgnalure of the financial stalemenls were.. MrRIGunn (Appointèd 21 February 20251 MrA V Hawker (Appointed 21 February 20251 Mr S R Kippen (Appointed 21 February 2025) Mrs S M Camblin (Appointed 4 De¢ernber 2025) Mrs M A Cayton (Appointed 4 Decernber 2025) Mrs J D Hale (Appointed 4 December 20251 Ms J Quartemiain (Appointed 4 December 2025) Mrs C J F Vanhaecke (Appointèd 4 December 2025) Dr S H ￿.1$On (Appointèd 4 December 2025) Mrs S Sen (Appointed 2 January 20261 KINGSWOOD VILLAGE COMMUNITY ASSOCIATION 2025 TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025 The Trustees, report was approved by the Board of Trustees. MIAV Hawker Trustsè 20 April 2026 KINGSWOOD VILLAGE COMMUNITY ASSOCIATION 2025 BALANCE SHEET AS AT 31 DECEMBER 2025 202S Notes The fvnds KVCA The finanaal 31alements were approved by the Trustees tsn 20 April 2028 rA V Hawker TNst&o KINGSWOOD VILLAGE COMMUNITY ASSOCIATION 2025 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 Ae¢ounting policies Charity infonnation Kingswood Villagè Community Association 2025 IKVCAI is a unin¢J)rporaled Charitable Incorporated Organisalion (CIO) registered under the Charities Act. 1.1 Reporting period IFRS 102 3.10 An entity shall present a eomplete set of finanaal statements lincluding comparative infotmalion as sel out in paragraph 3.1418t least annually. Wnen the end of an entity's reporting period changes and the annual financial 51alemenls are presented for a period longer or shorter than one yèar, thè entity shall disclose the following.. lal that fact., Ibl the reason for using a longer or shorter period." and Ic) the fact that ctsmparalive amounts presented in the financial 51alements lincluding thè related nolesl are not entirely eompar8ble. 1.2 Basis of preparation The financial slalements have been prepared in accordan￿ with thè KVCA'S governing document, the Charitie5 Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts In accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of I￿land IFRS 1021" The KVCA is a Public Benefit Ents'ty as defined by FRS 702. The finanaal statements have departed from thè Chaiilies (Accounts and Reports) Regulations 2008 onty lo the extent required lo provide a true and fair view. This departure has involved ftsllowing the Statement of Recommended Practice for charities applying FRS 102 rather than the veision of the Statement of Recommended Practice which is referred lo in the Regulations bul which has since been wrfthdrawn. The financial 31atements are prepared in slerting, which is the functional currency of the KVCA. Monetsry amounts in these financial stslements are rounded to thè ngaresl £. The financial statements have been prepared under the historical cost conventitin, Imodified lo include the revaluation of fraèhold properties and lo include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.3 Golng concern At the time of approving the financial statements. the Trustees have a Teasonable expe¢tation that the KVCA has adéquate resources to continue in operational existence for Ihe foreseeable future. Thus the Trustees continue lo adopt the going concern basis of acoounting in preparing the financial statements. 1.4 Charitable funds Unieslricted funds are available for use al the discreknon of the Trustees in furtheran￿ of thèir ¢harilable objectives. Restricted funds are subject lo specbfic cond￿lon$ by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial stslemenls. Endowment funds are subject lo specific condition5 by donors that the ¢aprtal must be maintained by thè KVCA. 1.5 Income In￿me is recognised whèn the KVCA is legally entitled to il after any perfomance ¢ondibon5 have been met. the arnounts can be measured reliably, and it is probable that income will be received. KINGSWOOD VILLAGE COMMUNITY ASSOCIATION 2025 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025 Accountlng pollel¢$ {Continuedl Cash donations are recognised on rtsceipl. Other donations a￿ re¢o9ni5ed once the KVCA has been nolrfied of the donation, unles3 performance conditions require deferral of the amount. Incomè tax recoverable in relaliDn to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on re￿Ipl or otherwise if the KVCA ha5 been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known. the legacy is treated as a conts'ngent asseL 1.8 Exp•ndltur¥ Expenditure is re¢ognised once there is a legal or conslruclive obligatitsn to transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lolal of direct costs and shared costs, induding support costs involved in undÈrt8king each actiwty. Direct costs attributable lo a singlè activity are allocated directly to that activity. Shared costs which contribute lo more than one activty and support costs whi(* are nol attributable lo 8 single actiwty are apportioned between those a¢tivib"es on a basis consislenl with the use of resoLJr¢e$. 1.7 Cash and Cash equivalents Cash and cash equivalents includg cash in hand. deposits held al c311 with banks, other short-terni liquid investments with original maturities of thiee months or less, and bank overdrafts. Bank overdrafts are shown within boriowings in current liabilities. Basic flnafteial assets Basic financial as5e15. which include debltsrs and cash and bank balances, are initially measured at transaction piice including transaction Costs and are subsequently carried al amortised cost using the effective interest method unless the airangerllenl constitutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a market rate of interest. Financial assets dassified as receivable within one year are not amtsrtised. Basi¢ financial liabililiès Basic financial liabililies, induding Creditors and bank loans are initially recognised * transaction pri￿ unless the arrangement constrtules a financing transactitsn, where the debt instnjmenl is measured at the prèsent value of the future payments discounled at a mafkel rale of interest. Finan¢ial li8bililies classified as payable within one year are not amortised. Debt instrument5 are subsequently ¢arried al amortised ¢osl. using the effeth've interest rate rnelhod. Trade credrtors are obligations lo pay for good5 OT services that have been aoquired in the ordinary course of op&r8tions from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl li8bililies. Trade creditors are recognised initialty al transaction price and sijbsequently measured al am¢)rtised cost using the effective interest method. Dereeognition of financial Ilabililies Financial liabilitiès are derecognised when the KVCA'S contrartual obllgalions expire or are discharged or cancelled. Trust••$ None of the Trustèas ltsi any persons connected wtth them) recenied any remunerabon or bènèfts from the KVCA during the period. KINGSWOOD VILLAGE COMMUNITY ASSOCIATION 2025 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025 Employèès There were no employee5. Taxatlon The charity is exempt from taxation on rts actimties because all ils income is applied for charitable purposes.