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2025-03-31-accounts

WINGRAVE COMMUNITY ASSOCIATION 2024-25

Registered Charity Number 265412

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31st MARCH 2025

Page 1

WINGRAVE COMMUNITY ASSOCIATION 2024-25

BALANCE SHEET

at 31 March 2025

Notes
FIXED ASSETS
11
Leasehold premises
Furniture and ftngs
Total fxed assets
CURRENT ASSETS
Stock
7
Trade Debtors
10
Prepayments
10
HSBC Bank account
Cash in hand
8
Stripe
Virgin Money account
COIF deposit account
Total current assets
Creditors and accruals
9
Future Liabilites - Bounce Back
12
REPRESENTED BY:
ACCUMULATED FUND
As at 31 March 2025
Net proft and loss at 3st March 2025
At 31 March 2025
RESERVE FUNDS
Major Repairs
18
________
Less:CURRENT LIABILITIES		 2025
2024
£
£
£
£
2,443
2,733
12,235
12,094
14,678
14,827
4,866
5,091
2,672
2,761
1,340
577
9,135
4,206
250
250
619
171
525
520
40,418
43,268
59,825
56,845
14,586
8,542
14,586
8,542
£59,917
63,130
4,742
7,632
55,175
55498
32,785
32,801
2,390
2,697
35,175
35,498
20,000
20,000
55,175
55,498
Hon. Chairman		 2025
2024
£
£
£
£
2,443
2,733
12,235
12,094
14,678
14,827
4,866
5,091
2,672
2,761
1,340
577
9,135
4,206
250
250
619
171
525
520
40,418
43,268
59,825
56,845
14,586
8,542
14,586
8,542
£59,917
63,130
4,742
7,632
55,175
55498
32,785
32,801
2,390
2,697
35,175
35,498
20,000
20,000
55,175
55,498
Hon. Chairman
63,130
7,632
55498
32,801
2,697
35,498
20,000
55,498

________ Hon. Treasurer

Date __________

The notes of pages 4 to 9 form part of these Financial Statements

Page 2

WINGRAVE COMMUNITY ASSOCIATION 2024-25

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Notes
INCOME
Membership subscriptons
Donatons
Deposits
Parish Council
Interest received
Facilites and Bar Service
Community Centre hire fees ( net - refunds)
Social events (net)
13
Trading - bar (net)
14
PV panels
EXPENDITURE
Community Centre rent and rates
Community Centre cleaning
Community Centre energy and water
Telephone & broadband
Community Centre repairs and maintenance
Administraton including insurance, PRS, Poste
Credit card facility+fees=interest
Communiqué (net)
16
Wingrave and Rowsham Directory
Donatons
Community grants
3
Depreciaton
11
(EXCESS OF EXPENDITURE OVER INCOME)
Transfer to Major Repairs Reserve Fund
18
SURPLUS/(DEFICIT) FOR THE YEAR		 2025
2024
£
£
£
£
590
1,709
26
22
950
500
5,000
5,000
2,107
1,961
2,272
1,662
20,913
18,101
21,510
25,958
5,115
5,171
1,200
1,062
59,683
61,145
222
186
16,716
14,525
10,749
10,074
866
773
20,167
20,959
4,165
2,769
2,037
1,464
1,044
6,852
0
320
1,542
1,000
0
0
2,159
2,134
59,667
61,056
16
88
0
0
16
88		 2025
2024
£
£
£
£
590
1,709
26
22
950
500
5,000
5,000
2,107
1,961
2,272
1,662
20,913
18,101
21,510
25,958
5,115
5,171
1,200
1,062
59,683
61,145
222
186
16,716
14,525
10,749
10,074
866
773
20,167
20,959
4,165
2,769
2,037
1,464
1,044
6,852
0
320
1,542
1,000
0
0
2,159
2,134
59,667
61,056
16
88
0
0
16
88
88
0
88

Page 3

WINGRAVE COMMUNITY ASSOCIATION 2024-25

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

1. Accounting policy

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the charity's financial statements:

Basis of accounting

The financial statements have been prepared in accordance with Financial Reporting Standard for Smaller Entities and follow recommendations in Statement of Recommended Practice - Accounting by Charities.

Covenants and donations

These comprise amounts receivable during the year.

Income tax recovered (Gift Aid Refund)

These comprise tax recoverable on covenants and donations.

Value added tax

The charity is not registered for value added tax. The figures in these accounts are therefore inclusive of value added tax where applicable.

2025 2024
2. Trustees £ £
Remuneraton and other benefts paid to trustees None None
Transactons undertaken in which a trustee has a
material interest None None
3. Community Grants (Grants to Insttutons)
Grants made this year are: 0 0

4. Endowments and Restricted Funds

None

5. Investment Assets

Page 4

WINGRAVE COMMUNITY ASSOCIATION 2024-25

None

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

6. Paid employees
None
7. Stock
8. Cash
No pety cash is held. Cash foats for social events.
9. Creditors and Accruals
Bar
Tring Brewery
Elizabeth Freedman
Wingrave Players (accural)
Almar
Dayla
Britsh Telecom
EDF
Porch Roof and ceiling repair (accural)
Britsh Gas Lite
Bucks CC
Harliquin Press
HSBC
Neil Laming
Castle Water Ltd
Wingrave Junior Football
Sheds (accural)
10. Debtors and Prepayments
Yoga with Sam
Bar/Credit card payments
Membership Fees
Baby Sensory
Bucks CC
Hannah Stevens
Singalong with Gwen
ZKS Martal Arts
This represents stock for use at social and other
events		 2025
2024
£
£
4,866
5,091
£
£
250
250
£
£
41
131
163
153
0
124
0
2,421
0
965
0
202
0
63
1,338
486
0
4,000
457
0
66
0
1,014
0
9
7
5,120
0
1,748
0
130
0
4,500
0
14,586
8,542
2025
2024
£
£
0
119
1.985
1,337
0
110
0
358
249
0
115
0
0
179
0
372

Page 5

WINGRAVE COMMUNITY ASSOCIATION 2024-25

PPL/PRS Licence 4/1/25 to 3/1/26 (prepayments)
WCA Event
Natonal Veg Society		 1,340
577
323
190
0
96
4,012
3,338

Page 6

WINGRAVE COMMUNITY ASSOCIATION 2024-25

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

11. Tangible fixed assets and depreciation

Depreciation is charged in the accounts to write off the value of fixed assets over their effective lifetime.

Furniture and ftngs £ £
Reducing balance at 15% per year
Cost at 1 April 2024 49,021
Additons:
BBQ Pro Hendi 480
Folding Tables 1820
2,300
Total cost at 31 March 2025 51,321
Less depreciaton at 31 March 2024 (36,927)
14,394
Depreciaton for 2024-25 (2,159)
Net book value at 31 March 2025 12,235
Leasehold premises
Flat rate at 2.2% per year
Cost (excluding £4,500 grant received in 1973-4) 17,658
Less depreciaton at 31 March 2024 (14,925)
2733
Depreciaton for 2024-25 (290)
Net book value at 31 March 2025 2,443
12. Bounce Back Loan
This loan is Government backed and payable over 10 years 4,742
13. Social events £
Barbecues net income 6,119
Spud nighnet imcome 1034
Bingo net income 251
Other social events and events bars net income 14,106
21,510

Page 7

WINGRAVE COMMUNITY ASSOCIATION 2024-25

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025
2025 2024
14. Trading - bar
This fgure is the net income from bar sales for
private events, all other bar net income has been
allocated to the associated social event. 5,115 5,171
15. Gross income and expenditure 2025 2024
Several items of income and expenditure are reported net in the Income and Expenditure account.
The total gross income and gross expenditure for the Associaton is:
Income 120,287 124,116
Expenditure 115,358 123,406
16. Communiqué £ £
Producton costs (8721) (12,231)
Less advertsing revenue 7,677 5,378
(Cost)/surplus (1,044) (6,853)
17. Major Repairs reserve fund £
This fund was established in 2006 to accumulate sufcient funds to pay for major repairs or works
which cannot be funded from annual income, for example replacing the heatng system, refeltng
the fat roofs, refurbishin the kitchen etc
Brought forward from 2023-24 20,000
Transfer for year 0
0
Balance at 31 March 2025 20,000
18. General cash reserve £ £
The general cash reserve is the net amount of current
assets excluding stock, less current liabilites and the
amounts allocated to reserve funds.
Current assets 50,947 48,416
less stock (4,866) (5,091)
less current liabilites (14,586) (8,542)
Less Future Libilites (4,742) (7,632)
less Major Repairs fund (20,000) (20,000)
Balance at 31 March 2025 6,753 7,151

Page 8

WINGRAVE COMMUNITY ASSOCIATION 2024-25

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

19.. Wingrave Players
Brought forward from 23-24
Receipts
Interest
Carried forward to 2024-25
WCA holds the funds belonging to Wingrave Players in a
separate account with COIF. This money does not form part
of WCA assets and does not form part of these accounts.
The movements of funds in this account are:		 2025
2024
£
£
3,794
3,618
4,952
0
229
176
8,975
3,794

Page 9

WINGRAVE COMMUNITY ASSOCIATION 2024-25

£ £

HSBC current account

9,135

Balance per cash book: 31st March 2024
Total receipts
Total payments
Balance per cash book: 31st March 2025
Virgin Money Charity Deposit account
Balance per cash book:
Total receipts
Interest
Total payments
COIF Charites Deposit Fund account
Balance per cash book:
Total receipts
Interest
Total Payments
COIF Deposit account (Wingrave Players)
Receipts
Interest		 9,135
4,206
120,287
115,358
9,135
520
5
0
525
43,268
2,102
4,952
40,418
3,794
4952
229
8,975

Page 10