Charity reg15tratlon number 269282 IEn8land and Wales) HANWORTH COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HANWORTH COMMUNITY ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Thist* C J Fosto K Watkins S Foston (Appotnted 17 january 20241 Ch•iltynumber 269282 Prln¢lp41 add& The Pines Community Centre man¥¥ Rtsad Bracknell Berkshlre RG12 7WX Independent eumlner Stiles & Companv 2 Lake End Coun Taplow Road Taplow Maidenhead 8erkshire SL60JQ
HANWORTH COMMUNITY ASSOCIATION CONTENTS Trustees, repLYt Independent examinerfs repDrt Slaternent olhnancial activityts Balance sheet Notes io the Ilnancial statements 6.16
HANWORTH COMMUNITY ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEM8ER 2024 The trustees present their annual report and financSal ststements for the year ended 31 December 2024. The financial statements have been prepared In accoréance with the accounting pollcSes set in note I to the financial statements and complv with the associatton's constitL*tlon, the Charities Act 2DII and 'Accountlni and Reporting by Charities.. Statement of Recommended Pfèrtice 3p1¢3b1e to char1tles preparing thr acmnts in accordance writh the Finoncifil Reportini Standard applicable Ill the UK and Republic of Ireland IFRS 1021" leffective l January 20191. Obl¢ctFves and irtfvities The objectives ol the association ère to promote the benefvt ol the inhabltant5 of the nelghbourhood of Hanworth wlthout distinction of sex, sexual orier¢tation. race or ol polltical. reli%ious or other oplnioThs. Th15 Ss achie¥ed by 8550ciatin8 together the inhabitants and lotal authorities. voluntary other or8anlsatlgns in a common efforr to ailvance education and to provlde facllities in the Inrerests ot soclal welfare for re¢reatlon and lelsure tlrne octupaiion wlth the object ol improving thè condltions of life for those Inhabltants. The trustees have pald due re8ard to 8uldante Issued by the Charlty Comrnisslon in decidlng what actlvlties the assoclation should undenake. The main artivltie5 undertakelt for the publlc beTheflt are as follows.. Preschool Brownles Guides Fund raising Bnokln8s for lunrtlon •venis AthIementS •nd pertormanco The preschool continues to provlde fatllltle5 for 2 ¢0 4 year olds. Guides and 8rownles continued to provide artlvltits for youn8 peoe. 8ookinK5 for funrtion events have continued to generate income lor the purpose of tht assoclation. Fln•ncfal re¥l•w It is the pollcy of ihe association that unrestricted fund5 whlch have not been desl8nzted lor a speciflt use should be maintained èt a level equivalent to between three and slx month's expenditure. The trustees tonsider that reserve5 at this level will ensure that. In the event of a s18Ftlflcant drop in ftJndSn8. they will be able io continue the assoclarion's current clitIeS whlle con51deratlon Is 8iven to ways In whlch addlrional fund5 may be raised. Th15 level of reserves has been rnalniained throu6hout the year. Strurturei Roveman¢• •nd manapmeht The as$ociation Is an unlncorporated entity whl¢h is govemed by the assoclation's constltutlon. The trustees who serwd during the year and up to the date of si8nature of the flnanclal statements were.. CJ Foston K Waikins S Foston IAppointed 17 January 20241 The asso¢lation's trustees are elected by the members at each annual geheral meetin8. None of the trustees ha5 anv benefltial interest in the assoctation. All of the trustees are members of the a$50Ciation and guarontee to conrribute £1 in the ent of a w6ndsng up.
HANWORTH COMMUNITY ASSOCIATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The trullees, report appThed by the Board of frustee CJ Foston Chairman •ndTrustee Oate-. Ol5
HANWORTH COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSfEES OF HANWORTh COMMUNITY ASSOCIATION I report to the trustees on my e¥amlnètlon of the financlal statements of Hanwonh Communlty Ass¢xlatlon lthe assc<latlonl for the y¢a¥ ended 31 December 2024. Responsbbllttles and basls ol rvport As the trustees of the assoclatlon are responslble for the yeparaiion of the fthandal statements In accordance with thé requlrements of the Charities Aa 2011. I report In respert of my examinatlon of the assoclation's financial statements carried out under sertioTr 145 of the 2011 Act. In carryln8 Out my examinatlon I have followed all the 3ppllcable Oliectlons liven by the Charlty Cotymlssioh under sectloTr 14515llbl of the 2011 Act. Independent e•mlnees sl•twnehrt Yo¢Jr attentlon Is drown to the fart that the chartty has prep•red ihe flnanthl atements In accordance wlth the releva vtrsion of the Statement of Recommended Prartke applice to charlises preparin8 their financial statements in accordance wlth the Financial Reportlng Standard applicable In the UK and Republic of li¢land IFRS 1021 in prefete to the Attountin8 and Reporting bv Charftles.. Statement of Aecomrnended Practice issued on l Apr 2CI)5 which is relerred to In the eant re8ulJtltsns but has now been withdrawn. l Jnderst3nd that thls h3s been done lft order lor the ftnanclal Statements to prode a true fair wew in •c¢ordance with UK Generalty AcceNed Accoumin8 Practice. I have compled my examlnatloD. I confirm th no matters ha¥e come to my attent+on In tonnectlon the examlnatlon 8lvln8 rne tause to belle that In any maitrlal respert.. accountin8 records Were not kept in re5pert of the association as regulred by sertlon 130 0(the Charltles Act 2011. the financial statements do noi acco[ wÉth those recry¢s.' or the financial statemenrs do not cornpfy with the appli(able requirements tontemln8 the lorm and content of financlal statements set osjt in the Charitles IAccounts and Reports) Re8ulion$ 2[ other than •ny requirement that the flTrandal statements give • true and falr view. which Is not a matter consthred as part of an independent tmInatIon. I have no concerns and ha¥t come across no other mattws in connertion wtth the examlnation to which attention should be drawn In this rtport In Order to enabl* a prDper understspdlrb8 of the financ1 staiements to be reathed. Philip Ormerod ACCA1212921KII Stlles & Comynv 2 Lake End Court Taplow Road Taplow Maidenhead 8erk5hire SL6 OJQ Dated..
HANWORTH COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrirted Restrltted funds funds 2014 21)24 Totsl Unr•strfrted fvnds 2013 RertArted fvnds 2023 Totsl 2024 Notes 1023 Income from: Donations and legacies Charitsble artivitiÈs Investments 159.798 8,226 159.798 17.043 222 141,888 11.970 8.817 222 141,888 30,513 176 18,543 176 Total in¢orne 9.039 168.024 177,063 18.719 153,858 172,S77 Exptndlture on: Charitable activities 18.889 154.816 173,705 30,346 152.262 182,608 T¥1 expendlture 18,889 154.816 173,705 30,346 152,262 182,608 Net Incomellexpendlturel 19,8501 13.208 3,358 111,6271 1.596 110,0311 Transfers between funds 12.180 112.1801 Net movement In fund5 2,330 1,028 3,358 111.6271 l.S96 110.0311 Recon¢iliatlon of funds.. Fund balances at l January 2024 2.022 37.579 39,601 13.649 35.983 49,632 Fund balanc*s at 31 Dtcernber 2024 4.352 38.607 42,959 2.022 37,579 39,601 The staternent th financial activities includes all 8ains and losses recognised in the yeai. All irtcome expenditure derive from tontinuing activitle5.
HANWORTH COMMUNITY ASSOCIATION BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Med assets Tancible Jss•ts i? ?,0?9 1.941 Curr•ht •ss•ts Stocks Debior5 Cash at bahk and hand 219 219 5.396 67,794 14 64.558 Credor$. amounts due rfthln oney•ar 7L086 130.1561 73,409 135,7491 40.930 37,660 Total •u•ts <urrfft Il•bllltl•s 42,959 39,601 Th•lunds ofth• •sxl•iioTr flestricted income funds Unrestrlcted funds 38.? 4,352 37.579 2.D22 42.959 39.601 Th flnanclal aternents We approd by the trustees ....... 29..: o7-ZdZS CJ Foston Ch•Srman and Trnstee /7/ZL)Ig 39 la7120
HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Account1 pollde5 Ch•rlty Snfomiatlon Hanworth C(MunIty Asso¢iatlon Is3 an uninrooxwated a&%oCiaw 8overned by its Con1VIOn. 1.1 A£countlni ttywentlon The financtal staiernents ha%t been prepared in accordante ¥lth the •ssoction's C¢StatUtion. th• Charities Ad 2011, FRS 102 "The Financial Reportng Standard applicable in the UK and Republit of Ireland" I"FRS 102-1 ané the CharitSes SORP "Accountir8 and ReportTrn8 by Charities.. Staterneni of RecornmeTrded Pratti¢e applltable to £harltTres preparln their atcounts in accordance th the Financial Reportin8 Standard appliuble in the UK and Republic of Ireland IFRS 1021. leffecti%t l January 20191. The associ•twt Es a PlFIC Wt Entlty as d by FRS 102. The 3sSOCiatlon has taken adv•nt•8e of the provilons in the SORP for tharttbes It to prepare a Statement of Cash Flows. The f+nanclal 5taternents have departe¢J from the Chaittles (Accounts and Rewrtsl Re8ulatiOns 21Th)8 onfy to the etent requlred to provde a true and fair ew. This departure has inw)1 following the Statement ol Recornmended Practice fof tharl¢ies applwn8 102 rnther the vèrsion of the Ststement of Retommended PTaCtsce which is fftferyed to ITh the Regulallon5 but whith been whdn¥m. The finan¢lal statements are prepared In eIn& which is the funrtional currency of the 01?t10n. MonetaryamouTrts In ihese financial statements are rounded to the rttarest £. The flnaniial 51aternenis have efi pwepawed under th¢ £on¥nUoh. The principal a£nting polltles adopted are set out below. 1.2 GOI con¢•rn At the time of appron¥ the Itnandal ststements. the tru5tee5 ha¥e a reasonable expectatlon that the assoclatlon has adequate resources to contlnue In operational $tenCe for the foreseeable future. Thus the trnstees contlnue to adopt 1.3 Chafftable lunth Unrestrlcttd funds are available for use at th¢ dlscrethn the tnjrtes ift furtherance of thelr tharitable objertives. Restrirted fund5 are suty'ert lo spedfk c(knJitions by donors or 8rantor5 1$ to how thty may be vsed. The purposes and uses ol the rded lunds Ire set out Sn the Wes io the finantial 5tatemerts. Endowrnent thjnds are subject to 5pe¢th¢ conditions bydonty5 thai the capital must be maintsined bythe a5$0ciatlon. 1.4 Inc Income is recognised then the assoc+atic rs le8allv entltled to it after anv oerformance condiiions halt been mer, the amounts can be measwed reliab. and it Is probable that coMe Mll be recefved. Cash donation5 are recognised on receipt. Olher dationS are reco8ni5ed onte the 3550tiation has been notified of the donation. unless performance £onditiLW require deferral of the amount. Income tax recoverable in relation to donatlons ¥e1Ved undei Gift or deed5 ofcts¥wffj is (wIsed at thetime ofthe dohation. Legacies are recognised on YeIpt or othe•$¢ if the 35SOCiation has been notified of an Impending di5trlbutSon. the amount is known. and receipt is expected. ri the omcTht not known. the legacy istreated as è contiTh8ent asset.
HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A<¢ountln2 poN¢le$ Icofitlnvedl The ¢har*ty re¢elve$ government grants in respect of Preschool acttvities. Income from government and other grants are reco8nised at fair value when the chanty has entitlement aftw any perfomaTrce conditions have been met, it is prvbable that the income will be and the amount tan be measured retiably. If entitlement ts not met then these arnounis are deterred. 1.5 Expendlture Expendlture Is recoBn15ed once there is a legal or constructlve obllgation to transfer econornlc benefit to a thlrd party, it Is piobable that a transfer of econornlc benefits wlll be reqvlred In settlement, and the amount ol the obligation can be measured reliibly, Ewpendlture is classllied by artivlty. The costs ol e3ch actlvity are made up of the total of dlrect costs and shared costs Includin8 SUPPQrt costs involved in undertaking each activity- Direct costs attributable to a sln8le activity are allocated dlrectly to that actlvlty. Shared costs whlch contrlbute to more than one activtty and support costs which ère not attributable to a slngle 3ctSvlty ale èpportloned between those a¢ttvltles on a basis con515tent with the use of resources. Central st•ff cost5 are allocattd on the basis of tirne spent, and depreciation charges are allo¢ated on the portion of the sset's use. 1.6 Tanllble fflxed assets Tènglble fixed assets are Inltlally measured at cost and 5ubsequentfy measured at C05t or valuatlon, net of depreclatlon nd any Impalrmemt losses. Oepretlatltsn Is ieco8nised so as to wrlte off the cost or valtJèt5on of a55ets less thelr resldual values ovef thelr vseful livts on the followlng bases.. Leasehold lrnprovements Plant and equlpment FSxtures and Fittin85 Computer5 2S% reduclng balance 25% redtscln8 balance 25% reducing balance 25% reduclng balance The gain or loss arlslnl on the dlsposal of an asset is deterrnlned as the dlffereftce between the Sale proceeds and the cairylrn8 value of thtr asset, and 15 reco8nised In the statement of finantlal activities. 1.7 Imp•lrment olfl¥•d •ss¢ti At each reporting end dèle, the assoclation reviews the carryln8 amounts of its tanilble 3$5ets to determlne whethtr there Is any indicattron that those assets have suffered an impalrment10$5. If any such indication exist5, the retoverable mount of the asset is estlmated In order to determtne the extent of the Impalrment loss Ilf anvl. L8 Stocks Stotks are stated at the lower of CD5t and estlmated sellin8 Pte les5 costs to complete and sell. C05t comprise5 dirett rnaieTlals and, where appllcoble. direct labout costs and those overheads that have been Incurred in bringSn8 the stock5 to thelr present location and condition. Iterns held for distribution ar no or nomlnal considerntion are measured the lower of replacement cost and cost. Net realisable value Is the estimated selllng price less all estlmated costs of completson artrd costs to be inturred in Maethi6. selline and d15tribution. 1.9 Cash and equlvalents Cash and cash equivalents include cash in hand. deposits held at tall with banks, other short-term liquid investments with original maturltles of three months or less. and bank overdrafts. Bank ¢)verdrafts are shown wlthln boirowin8s in
HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Aryountlnl poll¢les IContlnu¢dl 1.10 Flnanclal Instsuments The association has elerted to appty the prslOn5 of Section 11 'Baslc Flnanclal Instrurnents. of FRS 102 to all of its flnanclal InstrUrnts. Finanrlal Instruments are recognised in the assoclatlon's balance sheet when the assotlation becomes party to the contractual provSsions of the instrument. Flnancièl assets and Ilabllltles are offset. with the net amounts Pfesonted In the finantial statements, when there Is a le8ally enforceable rlght to set off ihe re¢o8nised amounts and there15 an Intention to settle on a net basls or to reallse the asset and Settle the Ilablllty slrnultaneouslv. Bttskfln#nclolussets 8aslc flnancial asseis, which Include debtors and cash and bank balances, are Initially measured at transaction pr*ce Includln8 trèn53Ction costs and are subsequently carrled ai amonised tost usln8 the effective interest method unless the aTran8ement constitutes a flnanclnB tran5aaion. where the transathon Is rneasured at the present value of the future recelpts dls¢ounted at a rnarket rnte ol Interest. Financial assets Ilasslfled a5 receivable wlthln one year are not amortised. 8osl¢llntsnclulllobllltle$ 8•sic flnanelèl liabilltle5, Includlng credltors are In+tlally reco8nlsed ar trnnsattlon prlce unless the arrangement constltutes a flnancing transa¢tlon, Whe the debt Instrument is measured at the present ¥•lue of the futufe payment5 dlscounted at a market rate ol interest. Financial li¥bllltie5 classlfled as payable wlthln one year are not amortlseo. Debt lTrstrurnents are subsequently carrled at amortised cost, sIng the effectlve Interest rate method. Trade creditors are oblSKatlon5 to pay lor goods or servl¢e5 Ihèt have been acqulrtd In the ordlnary course of operatlons Irom suppllers. Arnounts payable are classifled as current liabilitie5 If payment is due withln one year or less. If not, they are prE5ented as non-current Ilabilitle5. Trade cltr$ are recognlsed Initially It trgnsartlon prtce and subsequently measured at arnortlsed cost Using the effettive Interest method. Dere¢ognltk¥n oAflthin¢ltrl Mobllltl•s Flnanclal Ilabllltles are dttero8nised when the assoclatlon's ¢ontrattual obll8atlons explre or are d15char8ed or cancelled. 1.11 Employee benefits The cost of any unused hollday entltlement 15 reto8nised in the perlod In vthich the emplgyee's servlces are retelved. Termlnatlon beneflts are rtcognised imrnediately as an èxpense when the associatlon is demonstrably commltted to terrninate the ernplDyment of an employee or to provide termination beneffts. 1.12 Retlrement benefits Payments to defined £ontribution rrf1meTrt benefft schernes are charged as an expense as they fall tlue.
HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EhTDE0 31 DECEMBER 2024 Cri¢•1 ac(4unttn8 •IMate5 andlud8ements In the applieation of the association's ac(JnInE pc4i¢ie5, the trystees are requ1 io make judgements. estimates ènd assumptions aboui the carryin8 amount of assets and liabilrties that are not readily apparent trom other sDur£es. The estimate5 and 3s50Ctatctl assumptions afE based on historical lence and other fattor5 that are coftsidered to be relevant. Attual resutt5 may differ from these estimates. The estimates and underfwng assumptions are leWed on an ongoing basis. Revlslons to ac£ountin8 estimates a lecognised in the period in which the e5ttmate ts rsed where the rewsion afferts ihat period. or in the period of Ihe re¥4siors and futuie peri(Kls t*4here the revision affert5 both current and fvture periods. ntornefr¢xn d(bttations and le83des Restrirted funds 2023 fvhds 2024 Donations and 8ifts Grants 5Cq) 141,388 IS9,098 159.798 141.888 Grants 8racknell Forest Council 159.098 141,388 159,098 141,388
HANWORTH COMMUNITY ASSOCIATION N(yfES TO THE FINANCIAL sfATEMENTS (COKllNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Inetsme fr(bm ¢h•ritsb ¥Ie5 PreXh0 Communlty Totsl 2023 Preschool fees receNed Bookin8s income Charitsble rentsl income 8.226 8,226 4.377 11,970 11,970 6,381 12,162 4377 6,381 12.162 8.226 8I17 17.043 11.970 18.543 30.513 Anaws by lund unrestrIEd fijnds Restrirted funds s17 25AfA) 8226 &226 18,543 18,543 11,970 11.970 8.226 8.817 11.970 18.543 30,513 In¢ome from Ii)vesz Unrtstricw Unrestricted lunds fvnds 2024 2023 Interest recewable 222 176 10-
HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on tharlt•ble artMt5es Preschool Communlty A550datlo 2024 Totsl Pres¢hool C¢Jmmunlty Associatlon 2023 Total 2024 2024 202J 2013 Olrert costs Staff 105ts Oepreciation and impalMAt Education31 costs 144.072 144,072 138.118 138.118 77 6.409 677 102 8,753 $45 647 8.753 150.558 151,158 146,973 545 147.S18 sha of sllPP)rtand zovern•Ace costs Ise* ne 71 Support 1,75A 17.174 Governance I,iis 18,932 3.615 2,889 2,400 28.972 829 31.861 3.229 154.816 18,889 173,705 152,262 30,346 182,608 Analbsls b¥ fund Unrestricted funds Restricted funds 18,889 18.889 154.816 154.816 30,346 30,346 152.262 152,262 154,816 18.889 173,705 IS2,262 30.346 182,608 Support Costs allocated to artlvltles 2024 2023 Support eosts Governance t05ts 18,932 3,615 31.861 3,229 22,547 35.090 Analy4ed between: Preschool CornmunityA550ciatton 4,2S8 18,289 5,289 29.801 22,547 35.090
HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTJNUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Net mo¥erneftt In fvnds Z024 2023 The net movernent in funds is stated after chargln£/lcredftingl'. Fees payable forthe independent exarnination ol the tharity's finarcial zteme1 Depreciation of Dwned tan8ible fixed assets 3,615 678 2,400 647 Trustees None of the tTUStees lor any persons coJ)nected with them) received any remuneration or benefits from the association during the year. io Employt The average rnonthly number of employees during the year was.. 2024 Number 2023 Number io io Émployment costs 2024 2023 W3ge5 and salaries Social securfty costs Other pension costs 139,696 611 3.765 133.813 1,430 2,875 144.0?2 138.118 There We Tro employees whose annu31 remuner*ion was rnore than f60.OC¥J. li Taxatloty The tharity is exempt fmm taxation tsn rts activitSes because all its in¢ome is applied for charitable purposes. 12.
HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENT5 (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2024 12 TinOblÈ fixed assets At l January 2024 Addllron5 24.102 3.051 19,998 767 10.2( 57,357 767 At 31 DecembEr 2024 24.102 3.051 20.?65 10.206 58,124 D•prtd•tlon •nd Try•1rnrf At I lanuary 2024 Depreciation char8ed in ihe year 23.828 2,745 19.855 228 8,989 304 55,417 678 At 310ember 2024 23.897 2,822 20,083 9,293 56,095 Carrylhq amount At 31 Decernber 2024 205 229 913 2.029 At 31 December 2023 275 143 1.217 1,941 5tock% 2024 2023 Raw rnaierlals and wnsumables 219 219 Amountsfall1 duo T*tthbn on• y•ar. 2024 2023 Other debtors 6,309 5,396 IS Cr•dltors: amoiints falllnl <Mb• y•ar IQ24 2023 Othertsxatlon and soclal securrty Governrneni irants Trade crediior5 Other Creditors Accruals and deferred tnrome 6,715 23,228 2,400 906 26,845 811 2.St)) 2,500 30,156 35,749 f3-
HANWORTH COMMUNITY ASSOCIATION N(yfES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Cr•dltors: •iiiounts fall1 due one ye•r IC0ntlnu) 16 6tt4emmeDt 8wants Deferred income is induded in the financoal ststemÈnts asfollov 2024 2023 Deferred income 15 tn¢tuded wrthin: Current liabilitie5 26.845 23,228 MovÈments in the year.. Deferd income at i January 2024 Released from previotts periods Resources deferred in the 23,228 123.2281 2&845 21,296 121,2961 23,228 Deferyed income at 31 December 2024 26.845 23.228 The deferred Kovemment Évants are in respert of fvTrding ieceThEd for pre-school seThice5which relate to 2025. 17 Rrtiremtni benefit sthernes 2024 2023 CharKe to profit or loss In respect of defined contribution schemes 3,765 2.875 The association operates a defined conthbution pension s(theme for all qualitsr¢8 empJoyee5. The assets of the scherne arÈ held separatelyfrom those of the association in an indepettdently administered fund. Restrlrted fvnds The restricted funds of the tharity comprisÈ the unexpended balan$ of donation5 and grdnts held on trijst subject to specific tondiiions by don¢Jr5 as to howihey may be used. At l January Incrynlng TTrnsfe At 31 Dttember 2024 37.579 168m4 1154.8161 112.1801 38.607 14-
HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Restrl<td fvnds Icontlnutrdl Prevlous year: At l January 2023 Incomln8 Re50ur¢es expend¢d Tr•nsfets At 31 December 2023 35,983 IS3.858 1152,2621 37,579 19 Unrertrlrt•d funds The unrestrltted funds ol the charity comprise the unexpended balances ol donatSon5 ènd 8rants which are not subject to speclfic cond5tlons by donors and grantors as to how they may be used. These Include designated funds which have been set aside out of unresirlcted funds by the trusree5 lor specific purposes. At l Janu•ry R•sources 2024 r•wwu% •pMd•d Tr¥nil•r% At 31 Dqcembtr 2024 Gener31 funds 2,022 9,039 118.8891 12.180 4,352 Prèvlous y•ar: At l Janu•ry 2023 Inrornl r•sourc•i Yv•rffilers At 31 O•¢•mb•r 2023 •XPèhded General funds 13,649 18.719 130,3461 2,022 20 An4lys11 olnet aM•ts b•tw••n fvnd Unrestrlrted fvnds 2024 Restrlrted funds 2024 Totsl 2024 At JI Dee•mber 2024: Tan8lble assets Currem a5setsllliabilitlesl 1.799 2.553 230 38.377 2,029 40,930 4,352 38.607 42.959 Total lunds 2021 funds 2013 2023 At JI DeMtser 2023.. Tan8lble assets Current a55etsllliabilitlesl 1,635 387 306 37.273 1,941 37,660 2,022 37,579 39.601 Is-
HANWORTH COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 ReWd partytratrbartions There were no distlosabje related party trnnsadions during the yearl2023- ne1. 16-