tharity regtstratkn number 269282 HANWORTH COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 HANWORTH COMMUNITY ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees CJ Foston K Watkins S Foston (Appolnted 17 January 20241 Charlty num￿1 269282 Prfndyl •ddr*ss The Pines Community Centre Hanworth Road Bracknell Berkshire RG12 7WX Independent txamln•r Stlles & Company 2 Lake End Court Taplow Road Taplow Maidenhead Berkshire SL6 OJQ HANWORTH COMMUNITY ASSOCIATION CONTENTS Trustees. report Independent examlner's report Statement of flnanclHI attmtles Balance sheet Notes to the financial S￿eMents 6.16 HANWORTH COMMUNITY ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The tru51ees present their annual report and firsancial Statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accountin8 policies set out in note I to the financSal statements and comply with the association's constitution, the Charities Act 2011 and"Accountins ard Rewrting by Charities.. Statement of Recommernded Practice applicable to charities preparing their accounts in accordance with the Financial Reportir5g Standard applicable in the UK and Republic of Ireland IFRS 1021" letfectfve l January 20191. Obl•ctl¥•s and act[￿tI The Obl￿tIveS of the a350clation are to promote the benefit of the Inhabltants of the nelghbourhood of Hanworth wlthout di5tinctlon of sex, sexual orientatSon, race or of pollt5cal, rellglous or other oplnions. Thls Is athieved by assotiating together the inhabltants and local authorltles, voluntary and other organlsatlons In a comrnon effort to advance education and to provlde tsclllties In the Snterests of soclal wellare for recreatlon and lèlsure tlme OCCUPailon wlth the gblert of lrnprovlng the condltlons of life lor those Inhabltants. The trustees have pald due regard to 8uldan¢e lssved by the Charlty Commlsslon In decldlng what actlvltles the assoclatlon should undertake. The maln acllvStle5 undertaken for the publlc benefit are as follows.. Preschool Brownle5 Guldes Fund ralslng BooklnB5 for fvnrtlon events Achlevements and p•rforn)anc• The preschool continue5 to provlde facllltSes for 2 to 4 year old5. Guldes and 8rownies resumed provldln8 actlvltles for youn8 people followlng a closure dut to COVID-19. Bookln8s for functlon events have contlnued to generate Income lor the purpose of the assoclatlon. Flnanclal r•vl•w It is the policy of the a55ociatlon that unrestricted funds whlch have not been de5iBnated for a Specific use should be maintained at a level equlvalent to between thrÈe and Six month's expenditure. The trustees consider that reserves at this level wlll ensure ihat. In the evènt of a si8nilicant drop in fundin8, they will be able to Continue the associatlon's current activities while consideration 15 given to way5 in which additional funds may be raised. This level of reserves has been maSntained throughout the year. Structuré* KO¥trnance and rnanaprnent The assoclatlon is an unlncorporated entity which Is governed by thè assotiatlon's con5titutlon. The trustee5 who Served durln8 the year and up io the date of $18nature of the finanttal statements were.. C J Foston K Watkins S F95ton (Appointed 17 January 20241 The association's trustees are elected by the members at ea£h annual general rneeting. None of the trustees has any beneficial Interest In the association. All of the tru5tee5 are members of the association and guarantee to contribute £1 in the event of a winding up. HANWORTH COMMUNITY ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR EhlDED 31 DECEMBER 2023 The tnjstees, report was approved by the Board of Tiustees. C J Foston Chalrman and Trustee Date.. HANWORTH COMMUNrrY ASSOCIATION INDEPENDENf EXAMINER'S REPOK TO THE TRUSTEES OF HANWORTH COMMUNITY ASSOCIATION I report to the trustees on rny ex2mination of the financial ststements of Hanworth Community Association (the a550ciationl for the year ended 31 December 2023. Responslbllltle$ and b￿1$ of report As the trustees of the association you are responsible for the p￿ParatIOn of the financial ststements in accordance with the requirements of the Charities Act 2011 Ithe 2011 Art). I report in ￿Spert of my examination of the assLxiation's financial ststements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions gfftn by the Charity Commission under section 14515llbl tsf the 2011 Act. Independent ex•mlner's st•tement Your attention Trs drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparin8 their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities= Ststement of Recommended Practice Issued on l April 21J05 which is Teferred to in the extant wulations but has now been withdrawn. l understand that this has been done irt order for finanoal statements to provide a tnJe and fair view in accordance wth Generally Accepted Accounting Prartice effertive for reporting periods beginning on or after I january 2015. I have cornpleted my examination. I confinn that no mattets have tome to my attention in connection wth the examlnatlon giving me cause to believe that in any material respect.. accountin8 records were not kept in respect of the assoctstion as required ￿ section 130 of the 2011 Act,. QT the financial statements do not accord with those records,. or the financial statements do not tomply with the applicable requirements concerning the form and content of accounts set out in the CharÈtie5 IAccounts and Reportsl Regulations 2C08 other than ary requirement that the attounts give a true and fair view whtch ts not a matter Conside￿ as part of an independent e¥amination. I have no concerns and have come across no other matter5 tn connection th the examination to whith attentlon should be dra s report in orderto enable a proper understandingof the financial staternentsto be reached. Philip Ormerod ACCA121292C¥JI Stile5 & Companv 2 Lake End Court Taplow Road Taplow Maidenhead Berkshire SL6 oja Dated.. HANWORTH COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Restricted funds 2023 Totsl Unrestricted funds 2022 At￿ritted funds 2022 Total 2023 2022 Notes Income from: Donation5 and legacies CharStable aCtI￿t[e$ Investments 141,888 11,970 141.888 30,513 176 128.926 11,021 128.926 34,275 22 18,543 176 23,254 22 Totsl Income 18,719 153,858 172,577 23,276 139,947 163,223 Empendiiure on: Charitable activitie5 30.346 152,262 182,608 23,335 137,809 161,144 Totsl expendlture 30.346 152.262 182.608 23.335 137.809 161.144 Net Income/lexpenditurel and movement In lunds 111,6271 1,596 110,0311 1591 2,138 2,079 Rtcondliation of funds: Fund balantes at l January 2023 13.649 35.983 49,632 13,708 33.84S 47,553 Fund balance5 * 31 December 2023 2,022 37,579 39.601 13.649 35.983 49,632 The statement of flnancial actSvSties Includes all gains and losses retognised in the year. All income arbd expenditure derive from continuing activities. HANWORTH COMMUNITY ASSOCIATION BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Notes Flxed assets Tan8ible 05sets 12 1,941 1,307 Current assets Stocks Debtors Cash at bank and ITh hand 13 14 219 219 5,396 67,794 5,397 78,073 73,409 135,7491 83,689 135,3641 Cr•dltors: •mounts hlllni due wlthln one year Net curr•nt •siets 37,660 48,325 Totsl 45s•ts1•ss ¢urr•nt Ilabllltl•s 39,601 49,632 The fvnds of th• •sso¢litlon Restrlrted Incgrne funds UnrestrScted funds 37,579 2,022 35,983 13,649 19 39,601 49,632 The flThancSal stalemènts were approved by the trustees on. C I F05ton thalman and Trustee HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountln& polldes Charlty Information Hanworth Cornmunity As50Clation is a an unincorporated associatlon governed by its canstitution. 1.1 A¢¢ourrtln8 conventlon The financial statements have been prepared in accordanee wlth the a550ciation's constitution. the Charitses Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ire1and- I-FRS 102-1 and the Charities SORP "Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of I￿land IFRS 1021. leflective l January 20191. The as5tsciation is a Public Benefit Entity as defined by FRS 102. The association has taken advantage of the provision5 in the SORP for tharities not to prepare a Ststement of Cash Flows. The financial statsments have departed Irom the Charities (Accounts and Reports) Regulations 2￿8 only to the extent required to provide a true and fair view. This departure ha5 involved following the Statement of Recommended Practice for charities applyin6 FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial ststements are prepared in sterlin& which is the funrtional currency of the association. Monetary amounts in these financlal statements are rovnded to the nearest £. The financial statements have been prepared undeT the hlstOTical cost convention. The principal accounting policies adopted are set out below. 1.2 Goln8 con¢ern At the time of approving the financial statements, the trustee5 have a rea50nab1e expectation that the association has adequate resources to continue in operational existence for the foreseeable future. Thus the tTU5tees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitsble funds Un￿StriCted funés are available for use at the disc￿110￿ of the trustees in furtherance of their charitable objectives. Restricted funds are subjert to specific conditions by donors or grarltors a5 to how they may be used. The purpose5 and uses of the restricted funds are Set out in the notes to the financial ststements. Endowment funds are Subject to specific conditions by donors that the capltal must be maintained by the assotiatlon. 1.4 Income Income is recognised when the association is legally entitled to it after any performance conditions ha¥e been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donatsons are recognised on receipt. Other donat¥ons are recognised once the association has been notified of the donation, unles5 perfomance condition5 require deferral of the amount. Intome tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognlsed at the time of the donation. Legacies are recognised on Teceipt or otherwise if the assoclation has 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 tontin8ent asset. HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ourfln8 polldes {Continuedl The charfty recdve$ 8overnment grants In ￿SpeCt of Preschool activibes. IrLcome from government and other grants are recogrsised at fair value when the chartty has enbtlement after any perforniance conditions have been rneL it is probable that the Income wll be re￿Ned and the amount on be measured ￿lIablY. If entitlement is not met then these amounts are deferred. 1.5 Expendlture Expenditure is recognised once there is a legal or constrLKtNe obliaation to ts3nsfer economic benefit to a third party. it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliablv. Expenditure is dassified by artivity- The costs of each activ￿ are made up of the total of direct costs and shared costs, Including SUPPOrt Costs invofved in undertaking each artivsty. Dirett costs attributable to a single activity a￿ allocated direct￿ to that acuvity. Shared ttjsts which contribute to more than one artI￿ty and 5UPPOrt Costs which are not attributsble to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central Staff c95ts are allocated on the basis of time spent, and depreciatK)Tr charges a￿ allocated on the portion of the asset's use. 1.6 Tan8lblÈ fixed assets Tangible fixed assets are initialty measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaim)ent losses. Depretiation is recognised $0 as to write off the cost or valuation of assets les5 their residual values over their useful live5 on the following base5'. Leasehold improvements Plant and equiprnent Fixtures and rrttin8S Computers 25% reducin8 balan 25% reducing balan 2S% reducing balan 25% reducing balance The ￿1n or loss arising on the disposal of an asset is detenntned as the difference betyfftn the sale proceeds and the carrying value of the asset. and 15 recognised in the statement of financial activities. 1.7 lrnpairment of fixed asstts At each reporting end date, the assoaation reviews the tarryng amounts of tts tsngible assets to determine whether there Is any Indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset Is estimated in order to determine the extent of the impairment loss lif any). 1.8 Stotks Stocks are stated at the lower of cosl and estimated sellin8 price less costs to complete and sell. C05t comprise5 direct materials and, where applicable, direct labour costs and those overheads that have been Ificu￿d in bringing the stocks to their present location and CfM)dition. Items held for diStrib￿lOn at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price le￿ all estimated costs of completion and costs to be incurred in rnarket1￿ selling and distr1￿AlOn. 1.9 Cash and cash equivalents Cash and cash equivalents indude cash In hand. deposits held at call wtih banks. other short-term liquid investments wlrh orlginal maturit￿$ of three months of less. and bank o¥erdrdfts. Bank overdrafts are shown within borrowings in current liabilities. HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL sfATEMENTS IcoNnNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 AccountFng polld•s Icontlnuedl 1.10 Flnanclal Inslrumert5 The association has elected to apply the provisions of Section 11 'Basic Financial InstrumenW of FRS 102 to all of it5 finaThcial in5trurnents. Financial Instruments are recognised in the a550Ciation's balance Sheet when the assOciatk￿ becomes party to the contractual provisions of the instrument. Finantlal assets and Ilablliiies are offset, with the net amounts presented In the ftnancial ￿atern*nts. whern there Is a legal￿ enforceable right to set off the retognSsed amovnts and ihere Is an intentic+n to settle on a net basis or to reali5e the asset and setde the Ilablllty slmultsnthsly. 8askflno￿lal 055ets Basic flnancial assets. whleh Include debtors and cash and bank balantts. are Inltlally measured at tran5aCtlon prlce Sncludin8 transaction costs and are subsequentty carried at amortised ¢¢st uslng the effective interest metho(l unless the arran8ement constitutes a financing trnnsaction. where the tr•nsaction is rnea5ured at t*e p￿sent value of the future retèipts dlscounted at a mark*t Trte of intertst. Financlal •ssets classrf￿d as receivable wfthln one year are not amortised. 8ojkllnanclv1114bllltles Baslc financial liabilities. Inclydlng eredttors are Inltlalty recognlsed at traftsactSon prlce unlèss tht arrangement constitutes a financin8 transactlon. wher¢ the debt Instrument Is measured at the preseni value of the future payments dls¢ounted at a market rdie ol Interest. Flnandal Ilabllrtks dasslfied as payable wlthln one year are not amortlsed. Debt instruments are subsequentty urried at amOrtI￿ cost. using the eflectlve interest ratè method. Trad¢ ¢redItO￿ are obli8ations to pay for qoods or s*rylces that have been ¥qulred In the ordlnary course of operations from suppliers. Amounts payable are Classified as current liabilities if payment Is due wlthin one year or less. If noL they are presented as non-current liabilities. Trade credff¢of5 art reco8nised initialty at transartion prite and subsequentlv rnea5ured at amort15ed tost usin6 the effective interert method. Dertcoqnltlon offlnondallloWlltleJ Financial liabilities a￿ derecognised when thÈ association's Contractual obli8ations explre or are dlschar8ed or cancelled. 1.11 Employee bentffts The cost of any unused holiday entitlement is recognised ¢n the period in which the employee's servke5 are ￿te1ved. Termlnation beneffts are re¢ognised Immediately as an expense when the association is demon5trdbly commltted to temlnate the employment of an employee or to provide termlnation beneffts. 1.12 Retlrement beneffts Payments to defined Contribution retirement benefft 5ehemes are charpd as an expense as they fall due. HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Cr[tI￿1 a¢¢ountlni estlmates andjudgements In the application of the association's accountlng pollcles. the trustees are required to make judgements. estimate5 and a5sumption5 about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other fartors that are considered to be relevant. Actual results may dlfferfrom these estimates. The estimates and underlylng assumptions are reviewed on an ongoing basis. Revisions to accounting estimates a recognised in the peflod In which the estimate is rewsed wheTe the revision affects only that period, or the period of the revision and future periods where the revision affects both current and future periods. Income from donatlons and le8aci•s Restrkned funds 2023 Restrlded funds 2021 Donations and gifts Grants sc4) 514 128,412 141.388 141,888 128.926 Grants Bracknell Forest Council 141,388 128.412 141.388 128,412 HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 In