Charlty roglslratlon numbor 201445 HIGH WYCOMBE CENTRALAID ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HIGH WYCOMBE CENTRAL AID LEGAL AND ADMINISTRATIVE INFORMATION Charlty nam• Hlgh WycombB CentralAld Souèty Othw nam•s known by Hlgh Wyoomb8 Central Ald Thè Furniture Prolact Central Ald Céntral Ald Society Th1$ts08 Mrs M Stagg Ichalrman and Trè8$ur8rl Mrw Reld Mr J Pearson Mr T Rlckotts Charlty numbor 201445 Prlnclpal addr•$$ W88t Richardson Street High Wycombo Bu¢klnghamshlro HP112SB Charfty 98n•ral manag•r MrSAlan Ind•pendent •xamlner R9bekah Haywood FCCA Dashwoods Accountants Llmited 31 Dashwood AveN8 Hl9h Wywnbe Buckinghamshire HP12 3DZ
HIGH WYCOMBE CENTRAL AID CONTENTS Page Trustw, rewt Ind8p8nderkt 8xamknetrs rèwl statement of flnarKlal actlvllles Balancè shBel Nole6 10 tho finandal 818lemBnts 8-16
HIGH WYCOMBE CENTRALAID TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The tru$te8s prasenl thèir annual rewrt aThJ finanaal slotemènts for tho year endgd 31 March 2025. The finark¢lal 8t8tement$ hav8 been pPer6d In accordance wllh the èccoUnng pollcles sot out In note 1 to the flnancial statements and comply wth Ihg charitls conslhtulion, Ihg Charitie8 A¢1 2011 and 'Accounllng and Reportlng by Charities.. Statement of Recommend&d pract1 appli¢abl8 to charflles prepaTing thglr accounts In accordance whh th? Finan¢l81 Reportlng Standard applLcabl8 In the UK and Rgpubllc of IT8land (FRS 1021" leffecllve 1 January 2019). OblK¢lva8 and actlvltle8 The oblectlves of tho chartty are to provld8 assistance to thè needy In Hlgh WYrnbe and 8urroundlng both by Its own efforts and through COwOP9ralion wSth other volunlw and officlal agenaes. The trustees have have had dug regard to lh8 guidance Issued by the Charity Commlssion on public ben8fiL The rnaln act11188 ofthe chaty undertaken for publlc bgnefil durlng tho year woro.. - Thè PTovi8lon of I0c0st good quallty fwnSture, honw eleCtd[S. bthlle goods ènd hom8wares lo Ihose M Ilmlted Income. Grants of fvmllur6, Small eiectrtcals. kStthen $tarter p8cks an¢J whlte goods to those In ImdIate need and referred by an aggncy that Ihg Qhariiy raoJgni88s. Achl•vèmont• and performance The ¢harlty contlnued to provlde hou88hold stspport to the most vuln8rabl8 In Buckinghamshlre through dellverlos of donated furniture, homewares and electricals. In addon many new and relumlng customgrs re¢8lving governmont support ben&flls or limilFd Inm•S GamF Into thè warehou88 to purch*88 goods at our dlscounted prSc85. W& continued lo reoelve an infiow of new residents wlth Ilmhed resources and no accgss lo government Support from Africa anij Asla who have come for jobs In the caro sector and NHS. Rofvrrlng 80dal support agenclgs Bnd charllles g8ner8tlrwJ 192 orders {2024'. 2211 ordgrs for Ctrnlral Ald hardshlp gTan18 IfuTniture, tested Wh goods, kbtchen starter packs. fumlshlngs and rugsl¢arpet Ul8s) Ih8t were delivèred to local homes In a cri818. Referrals ¢am8 malnly from the mony wèlfar8 soctlons w51hln Bucklnghamshlre Counc soclal services {80, 42%}. the NHS 122. 11%), Onecan Trust 121. 11%). Par&llgm 117, 9%). other houslngl homelesslrofvgee groups {20. 10%18nd Conne¢Uons SupphJrt118, 9%). Our 192 grants reached 525 residents. Of the tolal housgholds. eo% were famlty home8 wlth 299 thlldren and 40Vo of households werè edull singles or ¢oup1&5. The value of grants was £48,045 at Centr81 Aid prlc•s. {2024'. £51,630, 2023.. £40,80D} Dlstrlbutlon of gr8nts by ena changod Ill8 wlth the aToa Surroundlng Hlgh Wycombg remalnlThJ predon4nanL Hlgh Wycombo 67% Chillems 12% Ayl8sbury 10% South Bwks 11%
HIGH WYCOMBE CENTRALAID TRUSTEES, REPORT (CONTINUED) R?R THE YEAR ENDED 31 MARCH 2025 Maln r•ason• glven for hardshlp grant No. 42% 37% 45% 41% 16% Coming from homelés8 Povety Abuse Health Nfyw arrivals Prop6ty ¢Jamago 23% 20fjh 24% 22% Lme change frLvn previou8 y88rs- health rolatsd i88Ut8 h88 notl¢eably incre88ed Once again OUT in¢om¢ from 8alg$ of good8 donated suipa889d our expectations. Tol81 Inojme indudlng inveslm8nt income. grants and donallons totalled £272.326. {2024: £247,910} Each year w8 recelve 88veral comments showlng the appreclallon of the grant re¢lpl&nls ond thelr support workers bul olso from dunors who are pleasanlty surprlsed by tha &fficioncy and kSndnoss of our crew$- often at a Ilm8 of b8r8avem8nt or malor Ille changes. Memb•rs and support•rs This year 275 new Members plned lo access low cost gotsds1630 resKlenl8 Including farnlly members) and 16 gular shoppers joined as Supportor8- paying an annual fee lor & 10% reduction from publlc prices. Members on uovemment m88ns-lesled benafils. mosl often Unlv&rsal Credlt. receive 25% dls¢ounl on the public prlc8 of most Item5 on sole. The malorfty o18al8s are to new and retuming Members aNI Supporters. Thg number of acttv• Mgmbers ar Supporters has reached 800. R•u$o Th8 charity makès a valuable conlribuuon to'reu80' by coll8cllng and taklng for r&us8 1000.8 of unwanted liems Ihat many homes strugg19 to rnove on and would end up at the recycllng centre or dumped. All major furnlture and elfrctric81 Items are tracked for thè purpose8 of prldng, testing. warranti88 and Gift Ald. Wo can report that almost 800 new donors gave us goods to support the charfly last year. Around 56 tons of11gms were a¢¢epted this ye8r for reuse and about 1,450 eleclri¢als went through PAT t8Stlng. 90% of donallon8 arg collected by us ond the rest brought lo us. We dellvar about 60% by our own vans. Useful l¢hon It8m8 for slartor packs, bedllnan and furnlshlngs were also taken for grant package5. Volunte•TS Slnce the cthlrity was fom)8d In 1906, we havè Èh¥ays T81ied upon Iocol ople gIn9 many hours of Ihelr own tlme volunteering for the charlty. Today thls is malntv our TNstegs, tho lest and repair englneers for olectrTh15, DIY helpeis for minor fumilure rtspalrs and our warehous8lvan support staff. Durlno the yeBr two more of our volunteers have b86n able to begln pald part-tlme pos6Uons wlh the charlty- Thi8 Maans 5 of Ihe 8 current 8mployees have slartad as volunt88r8 and continues our b8118f thal wth Ihg rfght 8nVlrCrn8ftt pald WOTk i¥ often fea81b19 instsad of lowtemi r¢llartC8 (KJ governrnent bonefit&
HIGH WYCOMBE CENTRALAID TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Now Inltlatlvos The ch8rity has been u8ing offsite storage in fami-based containers to alleviato a lack of space for gfowth. During the year we found a b8ller akemallvB wlthln walklng dl$t8nc8 8t the Rlverslde Buslness Cenlre. This provid88 a 2,000 square fotst 8pa¢e wilh light, he81, a bothroom and th8 cÈpBclty for a workshop but wlthoul a long-term commilrnent. We envisage devolopuig furtbilura upcycling for beginners and bos)c DIY c$8?5 for mgmbprs. care leavers and the der publlG. The en8rgy Wdts for th8 current bulldlng {a cinema from thè 19008} have always been on Issuè. Over the last glghl years double glazlng, Insulallon and new bollers have Improved thè energy efficiency. W8 ar8 Snve811gallng the economic vlabllity, and grants. for a solar energy System whKh would lak8 advantage of thè enormous roof area we have. Thg Trustoes deded 8ft8r much dlscussk)n and $31¢h that would ask the Charlly Commlsslon k) approve a change to the Charitls18gal slru¢luTe to a 'CIO'. Charitable IncOOrated Organisatitin. Tha chaNJe wa8 agreed at a speclal Th8n9 of Momber8 in February an(1 fom)ally gSvBn in Mard). l objectives, oporatlons, people and p05ilion8 r8m8in the same. Thè CIO Is a fairly reeént Incepllon that enables tharili&s to setup a 88parale legal enuty offering Ilmlled liabi1Sty protsction to It8 Iruste8s and utilise some of the a¢Jvantage8 of company Incorporat4on- for example the new entlty own our maln assèt, the property, Instsad of IndivSdual Irusteè8' nam8s on th8 lillg and incurring hSgh legal c051s for changes. The CIO doesn't incur the double regulatory framework of 8 Charity Company. The CIO make$ becomlng an offlcèr more attractive by removing much of the personal liabllity that most charfty trustee8 incur. We remain under th8 lurfsdlction of th8 Char Commlsslon and rèport as before. The register8d numbar is 1212511. Th8 Charity (No. 2014451 wlll be wound up after the Ironsltlon is ¢ompl&t& and approved by the Charity Commlssion. Flnanclal r8vlew The Charlty operate5 from the ground floor of the freehold bulidlng and rents the flrsl Trjor to Bucks MIND whlch PTovldes rental Income of £16,860 por y8ar. at the end of the reportlng p8riod, 3101 March 2025, the Charity had net assets of £587,157 12024.. £604,003> Includlng the fr8èhoid bulldlng al 260 De8borough Road, Hlgh Wycombe v8lupd al cost In the flnanclal statements of £305,000, other fixed asse18 £38,370{2024- £45.594) and nol Current assets of £243,78712024: £253,049). It 1$ the pollcy of the Trustees lo maintaln $ufflcAenl unraslrfcted reserves to provlde for a pertod of slx month8 expendltUf8 in the event of a major unforeseen dlsfuption and ioss of income, £93,000% Potenllal malor repalrs to the bulldlng, £20,000 and replacement of major a88818 and IhB van £15,000 giving 8 tolBI of £128,000. Llquld resourGes as at 31 March 2025 wgre £230,56012024: £244,311) so the Charfty has reached Its target. Th& Tru8ta88 havo en3ured Ihat the charlty has ¢a8h reserves to cover al lea8181x month$ of wnnlng costs In an emergency whlch pul Ihe ¢harlty In a strong financlal poslllon to survlve the h8alth crlsls. The Twste8s con3idgr that th8 Charity's ffinances aro sound and that thor8 are no malerf81 uncertainti88 about the Charity'8 8bllSty lo conllnue as a golng concem. Structur•p governan¢g and m•nAg8menl The charlty was sel up in 1906. 11 13 an uninccffporale(1 o$sociation govemed by Its constitution which was last adopl8d or$ 13 Seplemb8r 2016. The Irustsas served durlng the year and up to th& dats of signaturo of the Ilnand81 statem8nts were: Mrs M Stagg (Chalman and Treasur8r} Mr W Rèld MrJ Pearson MrT Rl¢kett8
HIGH WYCOMBE CENTRALAID TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Memb8rshlp of th$ charity is open to any rSon over 18 who: - Has provklgd slgnlfficant conslstent supprrt fln8ncl81 or malerfBI. to th8 charSty wlthln the prevlou8 tsvo ye4r8; - 18 a staff m8mber or voluntsry workef who ha8 worked regulady wllh Ihe charlly for slx monlhs wlthln the previous vo yoars., - Is a membgr oflhe managamenl ¢ommitte&'. - Is an tsrganlsallon worklng in the communlty wlth potsn1I81 bengflclarles of the charfty or an Organisalion suppx)rtinu the Gharfty. The offlc8rs snd member8 of Iho m8nagem8nl commlttee are elected at Ihe ¢harftls anwal general meetlng. In addlllon. tho management commlttee at any regular me8lng has the power to COwOPt addlonl members to the tharity and to Ihg management committaa. The members of th8 managemont oommltt88 are th8 tru8te8s of Ihg charity. Fund$ hgld a8 Custodlan tru8t•o Mr John Iceoffj Pearson, Mrs Margaret Slagg, Mr W (Bill) Reld. and Mr Todd Rkk8tts hold Ullo to the freehold lan(1 and bulldings belonglng to the charity. Th8 trustees, report W&8 approved by fhe Board of Trusle&s. Mrsm TfUSt•• tagg (Ch n and Troa$ur8r)
HIGH WYCOMBE CENTRALAID INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HIGH WYCOMBE CENTRAL AID I report lo the trustees on my examallOn of the financial slalemenls of High Wycombe Central Aid Ilhe charity) for the year ended 31 March 2025. R•Èponslbllltl8$ and basis of rèptsrt As the Iruslees ol thè charity you aro rosponsible for the pieparalion of the finanaal slètsments in accordance with th& réqu1MentS of th& Charities A¢1 2011 Ilhe 2011 Act). I roport in respeel of my examination of ihe charfly's financial ststemenls carried out under section 145 01 the 2011 Act. In carying out my examin8lion I have followed all the applicable DirectiDns given by thÈ Charty Commlssion under section 145151{bl of the 2011 Act. Indepgndent examiner'# $tatement Since the charity's gross incDme exoe&dèd £250,000 your examiner mu81 be a membèr of a body1151e(l in seclion 145 01 tho 2011 Act. l Confirffl that l am qualified lo undertake Ihe examination be¢au5e l am a member of Ihè Associallon of Chart8red Certified Accounlanls, which is one ol th8 listed bodies. I have Cornpleled my examination. I confirm Ihal no mallers have come lo my attention in connectK)n with the examination giving tne cause lo believe that in any material r¢spect'. a¢counling records were not kept in respect of the charity as required by section 130 of the 2011 Act,, or the financial statements do not acctsrd with thosé re¢ords', or the finanThal 81alemenls do not compty wlh thè applicable requirements concerning the fotm and conlenl of accounts sel out in the Charits'es (Accounts and Reports) Règulations 2008 other than any iequir¢menl that thè accounts give a true and fair view which Is not a maller ¢onsidered as part of an independent exatninalion. I have no con¢erns and havè come acr035 no other matters in ¢onne¢tion with the examination lo whi¢h allenlion should be drawn in this port In order lo enable a proper understanding of thè financial slalomenls lo be reached. Rebekah Haywo1 FCCA Dashwoods Accountants Limiled Chartered Certified Accounlanls 31 Dashwotsd Avenue Hlgh Wycombe Buckinghamshire HP12 3DZ
HIGH WYCOMBE CENTRALAID STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr•Bt¥lcted RtrIcted fund$ funds 2025 2025 Total Unr•strlct•d Rostrlcted funds lund8 2024 2024 Total 2025 2024 Not•$ Inc M• from: Donatlons and1ggacl88 Charitable activities Othgr Ir8dlng actlvllles InVlments Olher Sncome 150,355 29,652 30,909 56,361 5,049 150,355 29,652 30,9 56,361 6.049 144.805 24.901 26,562 36,396 12.566 2,600 147,485 24,901 26,562 36,396 12.566 Total kncom 272,328 272,326 245,310 247,910 Ex endlture on: Ralslng funds 11,914 11,914 9,(QO Chorltablè actlvllS&s 264,717 264,717 209.162 1,177 210,339 Other 11 12,541 12.541 11,728 11,728 Totsl oxpgndlturo 289,172 289,172 229,980 1.177 231,157 Gross Iranslèrs b8tween funds Net (•xp8ndlturelllncom• for the yearl Ngt m0M¢nt In fund4 1577) 577 16,846} 116.846} 14.753 2.000 16,753 Fund bal4n¢e8 at 1 ApTII 2024 602,003 2,Ocl 604,003 587,250 587,2SO Fund balaftc at 31 Mir¢h 2025 565,157 2,000 587.157 602,003 2,000 604,003 The $latem8nt of flnandal acuvlues Includes all gains and Iossos T8cognlsed In lh¢ yèar. I Incom6 aNI oxpendjlure dgrfve from eA)nllnulng a1110S.
HIGH WYCOMBE CENTRALAID BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Flxod assgts Tangblo a$g8ts 13 343.370 350,954 CuTient a$$ots Débtors Investments Cash al bank and In hand 14 15 22.129 159.297 71,263 23,281 153,514 90,797 252,689 267,592 Crèdlttrrs: amount8 falllng du• withln on• y•ar 16 (8.9021 114.5431 Net current assets 243,787 253.049 Totsl atss•ts 1•88 curront Ilabllltl•¥ 587,157 804.003 IoMe funds Restricted funds Unre81rlcted fund8 18 2,000 685,157 2,000 802,003 587,157 604.003 The financial 8tatgments were approved by Ihe Tru8tees on .. zLI-l.!!1.zS Mr8 M Stagg (Cha Tru8t•0 rmarb and Treosurer) Mr J Pear80n Trustea
HIGH WYCOMBE CENTRALAID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcl•• Charky Infomiatlon High Wycombg C8nlfal Aid is an unincorporated a&8oc1815on govemed by 11$ con8ti1uUon. Th& charity is registered wlth Charity Commlssk>n, règ18trallon number.. 201445. 1.1 Ac¢oun¢lng cOnntIon The finaneial statemgnts have been prepared kn accordance wllh the charitys Igovemlng documenll. the Charflies A¢t 2011. FRS 102 'Th8 Financlal Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.1 and Ihe charl68 SORP 'A¢counling and R8portlng by Charflles.. Statemènt of Recommended Practic8 applicable to ¢harities pr¥paring their accounts in accordance with the FlnancAal Reporting Standard appllcable In th8 UK and R8publi¢ of Irgland (FRS 102)" {effectlvg 1 January 20191- Th8 charlty Is a Publlc Ben&flt Entity as defined by FRS 102. The charity has taken advantsge of the provlslons In the SORP for charflle5 nol lo prepare a Statement of Cash Flows. The flnancial statements have departed from the Charfdas {Accounts and Report81 Regulafions 2008 only I the extent required to provide a true and f8Sr vlew. This d8POrture has Involved followlng the Stsl8m8nt of Recommendad Practlce for charities applying FRS 102 ralhef than th8 version of the Statèm8nt of Re¢ommend8d Practice whlch is referrgd lo In thtr R8gulation8 butwhlch ha8 Èlnc8 boen withdigwn. The flnandal sla18ments are pr8par8d In sterflNJ, which is th8 functional curr8ncy of the chartty. Mon&tary amounts In thtssa fflnandal stslements are rounded to th8 nearest £. The flnanaal ststements have beèn prepared under the h1s1o¢&I ¢osi convontlon. The prtndpal accounllng policies adopted arg sel out b810w. 1.2 Golng concern Al Ihg Ilm8 of approvlng th8 flnancial statements, th¥ trustees hav8 o rea8on3ble expe¢taUon that the charity has adtqU8te resources to continue In operallonal exlslgnce for th& foreseeable future. Thu8 Ihe Irusle88 contlnue to adopt the going concem basls of accounllng in preparing the flnanclal stal•ments. On the 251h March 2025 the Chorlty TN8t•8s sel up a Charitablè InttrfpoTaled Organisation under charlty numb8r 1212511. The Charlty wlll Iransf8r all assots. labili1188 and operations to the n8w charity 1.3 Charltablo funds Unreslricled fund8 ar8 avallablo for u8& al the dlscrgllon of tho trustees In furthèranc8 of thelr charftable obJ8¢llv85. Restricted funds ar8 subject to speafir ¢ondiUons by dDnors as lo h¢)w thay may u$8d. Tho puiposes and use$ of the rastrfcted funds aro s8t out In the note8 lo the fin8ndal slaleiTl8nts, 1A In¢omo Income is r•¢ognlsed when th8 charfty i81ggally 8nllUgd to it aftv any perfomance condSlbns have b88n mel, the amounts can be measured rellaily, and11 Is probable that in¢ome wlll be recaed. Cash donations arè rgcognised on rec8ipI. Othor datIOnS ar¢ recognlA8d once tho charity ha8 been nolifled of th8 donation, unle88 perfomance condillons require dèferral ol the amount. Incom& tax recoverable Sn relation to donallons received undar GIftAid or deed8 of Covenant Is rnie al the timo of the donallon. Legacles are recognlsed on receipt or otherwise If th8 charlty has fwn nolifieil of an Imnd9 dlstribuuon, Ihe amounl is known, and receipt 18 8xpeded. If Iha amount is not known, the legacy 18 treoted a8 a ¢onling8nt osset.
HIGH WYCOMBE CENTRALAID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ounilng pollclos IContlnuÉdl Assets for dislrfbutksn are r8cognlsed only whan dlslrbbuled. Ass8ts glven for (6 by the charlty are recognlsed wh8n rècelvablè. Slooks of unthstribuled donated goods Bre not valued for bolance 8hg91 pwrposos. Grants are rg[sOd when the general kn¢omo reoognlllon crltorfa are met. Glft aid rec91vable 1$ r8cogni8od vthen th8r• 18 8 valld d8clarallon from tha donor. Any glft ald amourbt fecovar8ble on a donallon Is consldgred to bg part of Ihal gwt and Is treated a8 8n oddlllon lo the same fvnd 0$ tho donation unless the donor has 8P8cifled oth$IS8. Income from Intere81, rontsl. and s¢rvlce tharge518 rgcognlsèd whan recelpt Is Probable and thb 8rnounl CBn be rellably m6asured. 1.5 Exp•ndlturo Expendlture Is recogrosad once Ihew Is a legal or nstrUatiVe obligatlon to transfer econom1¢ benefrt to thlrd party, It is probable that a transfer of 8conornic bgnefits wlll be requlr8d In settlement, and the amount of ihts obllgatlon ¢an be measured rellably. Expendllur8 Is dasslfled by advlty. Th& costs of each activty 8r6 made up of the total of dlrect costs and shared costs, induding 8UPPOrt costs involvad Sn undertaking each activity. Dlrgct costs attrlbutable to a single artlvity arè allocalgd dirttctly to Ihat activity. Shared costs whlch contribute lo more than one activty and 8UPPOrt eo$l$ whlch are not attrlbutabl8 to B slngl8 actlvity are apportioned bee8Th those act1118S on a bas18 con8lst8nt with thg use of resour(*s. 1.6 Tanglble Ilxod a$60ts Tangible fixed a889ts are initlally measured at st and $ub8equ8ntly mea8ured at cost or vaiuatK•n. net of deprecialion and any Impairfflgnt lossès. Depr6clatlon18 recognlsed so as lo writs off the cost or valuatton of assets18ss Ihelr residual values over thelf useful IeS on th6 followino bases: Fraehold improvem&nl$ Offlce equlpmonl Vans stralght line 33.3% straight line 12.S% 5tralghl lin6 The galn or lo¥s arising on the (Jl$pJsal of on assol Is del8Tmln¢d as th8 dHference be8•n the sale proceed8 and the carrying valua ofthe ass6L and18 recognl88d In the 8tstemenl of financial actlvilles. The freohold propety 18 260 Des}rOUgh Road. Hlgh Wycombe, 8u¢kinghamshlre, HP11 2S8. Tho lumllure project run by th8 charlty Is ba88d on th8 ground floor and one of the office8 on the first floor. The remaining offiS on the fiT31 floor not us8d by the charlty Bre16t on a long torm basS8 In ordor to provlda Ihe ch8dty with rentsl income and 13, therefor8, Investment property. It would not be possible to lease the part of Ihg property th81 is investm•nt propety under a finanoo lease (w to sell 11 as1118 not Separatg from th8 part of Iho proptsrty u88d by the charrty for Its acllvllles. It Is, Ih8r6fore, valued al cost Freehold land and bulldlng8 whlch ware purchased for £305,000 are not deprèdalod. The bulldlng8 aro regularfy maintained and current and future dev¢lopment In the area means that thgy arg expected lo mairstaln or appreciatg Srs value. Subsequent Improvom8nls arg depreci8tsd al a rala of 10% stralghl Ilna.
HIGH WYCOMBE CENTRALAID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng ppllclos (Contlnuodl 1.7 Impllmiént of flxod •s8•ts Al each reporting and dale, the charity revlgws the carrylng amounts of It8 tsnglble 8989ts lo dalermlna whether thor8 Is any indlcalion that th088 have 8uffefad an Smpairmant loss. If any such indicatlon exlsts. the recovarable amount of the asset Is estimated Sn order to detemilnè the &xtenl of the impalrment loss (if any}. 1.8 Cash and cH$h equlv•bnts Co$h and ¢ash equfvalonts IUde cash In hand deposlts held al call wlih banks. 1.9 Flnanclal In8trum•nts The ch8rfty has elected to apply the prov181ons of Section 11 'Baslc Fln8nclal Instruments, and Sectlon 12 'Othgr Flnand81 Instrumen18 Issu88' of FRS 102 10 all of Its ffinanclal Instruments. Fln8ndal Instfum8nts af8 recognlsed in tho charltys balanca sheot when the ch8rity bocome8 party lo the contractual provlslons of th8 inslrumtrnt. Flnandal assets and Ilabilitle8 are offset, wllh the net amounts presented In the financial 81alemtrnts. when thère is B legally enforceabla right to 8el off Ihe recognlsgd amounts and there18 an IntenOn to Settle on a net basis or to realise Ihg asset and settle the Ilability simullaneously. Baslc flnanclalassets BBsic financial 8888ts. 1¢h Includ8 dgbtors and cash and bk balan¢es, are Inlllally mèasured at transaction prfce including tranSacon cos15 8Ni are sub88quenlly carrfed at amorbs¢d cost uslng the effectlvg interest method. Flnancial awts Classified as recelvable within one year ar8 not amortlsod. 8aslc Ilnan¢l81 Ilabilltle$ BaslG finan¢l81 liabiliues, Inciudlng Gred6tor8 ara InStlally rgcogni8ed al transactlon prfee. Flnandal IlablllU&s da&8ifi8d as payable wthln one year are not amrtlsed. Dere¢ognltl¢n of Ilnan¢l•l Ilabllllles Financlal Ilabllltles aro deCognIS8d when Ihg charliy's contractual obllgallons explre or dSscharged or c4n¢ell8d. 1.10 Curr•nt as8Ot Inv•stmollts The charfly holds cash on deposll wlth a maturity dale of less than one year. Tha cash on deFthtt wllh malurfty dale ol less than on8 year Is held kjr InvoGlmont wrp0885 ralher than to meet 8hort-temi commltments a8 they fall due. 1.11 Volunt•w# Th9 value of any volunlary help rnc8iv8d is not included In th9 flnand81 statements, bul is thcrib8d in th8 Irustses, r8POrt. 10-
HIGH WYCOMBE CENTRALAID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donatlonsi grants and1ooad?s Unre$trlctad Unreslrlcted Restricted lunds fynd8 funds Total 2025 2024 2024 2024 Donallons and glfts Grants Glft ald 120,720 115,877 115.877 2,600 29,008 1800 29,635 29,008 150,355 144.885 2,600 147.485 Grants Olh8r 2.600 2.800 2.600 Charltabl• octlvitle 2025 2024 Sale of donated fumSluTe at low co81 29,652 24.901 oth•r tradlng octlvltlo8 Unr•strlct•d Unrestrlct•d fund$ fundts 2025 2024 S81& of donated goods R81811 Glft Ald Scheme Commlsslon Fundral$lng and 0th8r 29,652 1,198 24,901 1,141 520 Other Iradlng advlilgs 30,909 26,562 11
HIGH WYCOMBE CENTRAL AID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Invgstments UnrwJtrl¢tgd Unre$irlct8d fund¥ fvnd8 2025 2024 Rent dnd 8eNlce charg88 Bond Inter881 53,387 2,974 35,437 959 56.361 36,396 other In¢oma Unrostrl¢t•d Unrgslrkted lunds funds 2025 2024 Net goln on dlsposal of tanglble flxed assets Bank Inler8St and other incomo 7,059 5,507 5.049 5,049 12,566 Ral$lng fund8 Unrogtrlct¢d Unr8strlctsd fund5 funds 2025 2024 Selling donalgd good8 and 88lllng gwds as an Bgent and Tolslng as8odated donotlons undgr Retall GIftAld Scheme 11,914 9,090 11,914 9.090 12-
HIGH WYCOMBE CENTRAL AID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltablo a¢tlvltles 2025 2024 Furnlture projeGt 264.717 210,339 Analys1$ by fund Unrestricted funds R9slrlcted funds 264,717 209,162 1.177 Th18t••$ None of the trusleos lor any persons ¢onn8cled with them} reoelved any remuntsration or benefits from the charity during the year. 10 Employee8 Tho average monlhw numbtrr of 8mploye88 durlng the yoar wa8: 2025 Numb8f 2024 Numb•r Charltable aollviUes Fundra181ng and 8UPPQrt TolBI Employm•nt costs 2025 2024 Wages and 8a18rlos Soclal security costs other pgnslon costs 154,348 8.231 3,453 131,091 6,041 2,796 186,032 139,928 There were no employees wse annual r8muneraUon wa8 iThJre than £60,00012024- £nlll. 11 Other •xpgndlturn Unr•Jtrlctod Un1Cted nds fund5 2025 2024 Servic8 charge PTemlses cost8 12,541 11,728 13-
HIGH WYCOMBE CENTRALAID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Taxlon Th8 charfty Is exèmpl from tax on Incume and gains fallSng wilhln 88clk)n 50S of the T8xo9 Act 19B8 or Secllon 252 of the TaxalSon of Chargeabl8 Galn$ Act 1992 lo the exient that Ihesg are appllod lo118 charitabl8 objects. 13 Tanglbl• flxgd a$sots Fr••hold Improv•m8nts V4n• equlpm•nl Cost At 1 April 2024 Addltlon 341,692 16,328 721 26,599 384,619 721 At 31 March 2025 341.692 17.049 26.599 385.340 D•preclatlon and Impalmient At 1 Apyll 2024 Deweciallon charged in the year 15,232 4,064 15.108 916 3.325 3,325 33.665 8,305 At 31 March 2025 19,296 16,024 6.650 41,970 Carrylng amount At 31 March 2025 322,396 1,025 19,949 343,370 At 31 March 2024 326,460 1,220 23.274 3SO,954 14 DobtOT$ 2Q25 2024 Amount• falllng du• wlthin on• year: Trade debtors Olh8r debtors Prepayments and 0jad Income 8,141 10,439 3,549 601 18,299 4,381 22,129 23,281 15 Curr•nt ass Invostmonts 202S 2024 Unilsted Investments 159,297 153,514 14-
HIGH WYCOMBE CENTRALAID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 CTedltors: arnounts falllng du• wlthln om •r 2025 2024 Othar laxalon and soclal 8eourlty Trade uedltor8 Accruals and defvrred InMe Y9 4,588 4,235 4,594 4,684 5,265 8,902 14,543 17 Rotlramont b¢n•flt sch•mw4 Th8 charity operates a d8fined conlrfbution penslon scheme for all quallfying employ•88. The 888ets of the hema Bre held 8eparately from Ihose of Ihe charity Sn an Ind8pandont]y admlnl8teTed fund. 18 Ro$trlet•d funds The Incorne funds of the charfly include rèslrtct6d funds conyjrlsing the followlng unèxpende(I balancès of donatlons and grants held on Irustfor specific purposos: Movement In lund8 InGvmlno Balanco at rB•ourGtr8 31 Mar¢h 2025 Incomlng Tr•Mlèr8 1 Apwl 2024 An80n Trust A8¢Ja 2.000 600 2,000 2,000 {1,177} 577 2,600 {1,1771 577 2,000 2,000 Tho Anson Trust grant18 to bg used agalnst the ¢o$l of inwrovino the entranca and loading bay, ThèASDAgrarf Wa8 used to cover the costs Of the lQngsAward Celebrallon In March 2024. 19 AnAlyJls of not a•s•ts bBlw•gn funds Unr•stricted Restrlcted lund8 funds 2025 2025 Total Unrn$trlcted Re8tfiCtod funds funds 2024 2024 Total 2025 2024 Fund balances al 31 March 2025 are representéd by.. Tangiblg assets Current 8ssetsllllabllllles) 343.370 241,787 343,370 243.787 &fj0.954 251,049 350.954 253,049 2,000 2,000 5B5,157 2,(X)O 587,157 602.003 2,000 604,003 15-
HIGH WYCOMBE CENTRAL AID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Opèratlng1•••o ¢ommltments At th8 reporting gnd date the charfty had ou*standNig commltmenls for future minimum lease paymen18 und8r non-cancellable operating leases, whlch f811 due as follow8.. 2025 2024 Wilhln one year Between kn and ffive ygars 3,845 4.195 3,845 3.845 8,040 21 Relatsd party transactSon$ There were no dlsdo8able relalod party tr8n8artlons durlng th? ygar {2024- none}. 22 Independgnt #xamlnor The fee charg¢d by the Independent Examlner during the year was £6W12024.' £7001. 18-