Charity number: 272127
**Hanover Community Association**
## **UNAUDITED ACCOUNTS**
**FOR THE YEAR ENDED 31 MARCH 20** ~~**25**~~
**Hanover Community Association**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **TRUSTEES**
Alexia Lazou Margrethe Houghton James Anthony Mathieson Richard Thomas Everett Andrew Hector Ronald Currie Keith Roderick Trampleasure
## **REGISTERED OFFICE**
Hanover Community Centre 33 Southover Street Brighton BN2 9UD
**CHARITY NUMBER** 272127
page 1
## **Hanover Community Association**
## **ACCOUNTS**
**FOR THE YEAR ENDED 31 MARCH 2025**
## **CONTENTS**
||Page|
|---|---|
|Report of the Trustees|3|
|Independent Examiner's Statement|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Accounts|9 to 13|
|Detailed Statement of Financial Activities|14|
page 2
**Hanover Community Association**
## **FOR THE YEAR ENDED 31 MARCH 2025**
## **TRUSTEES' REPORT**
The trustees present their report and accounts for the year ended 31 March 2025
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
Organizational Structure and Management
The Hanover Community Association (the HCA) is a membership association, constituted as a registered charity on 28th June 1976.
The charity operates from Hanover Community Centre, 33 Southover Street, Brighton, BN2 9UD.
The Trustees of the charity are:
Alexia Lazou
Margrethe Houghton
James Anthony Mathieson
Richard Thomas Everett
Anthony Hector Ronald Currie
Keith Roderick Trampleasure
The objectives of the HCA are broadly to provide the facilities to run educational and social activities for those Hanover residents living in the designated HCA ‘area of benefit', through the management of the Hanover Community Centre as a venue. As a charity, resources raised must only be applied to these charitable objectives.
The HCA Trustees must live or work in our ‘area of benefit', which is published on our website and internal and external noticeboards. All Trustees give their time voluntarily and receive no benefits or expenses from the charity.
The HCA employs a small team to run the Hanover Community Centre on a day-to-day basis.
Governance and Decision Making
The HCA Trustees hold open meetings monthly and all residents from the ‘area of benefit' are invited as ‘observers'. The agenda for these meetings includes review of strategy, planning, development and finance and provide opportunity for questions and discussion.
The HCA confirms it does not work with vulnerable people but reviews these criteria on a regular basis.
page 3
**Hanover Community Association**
## **FOR THE YEAR ENDED 31 MARCH 2025**
## **TRUSTEES' REPORT**
## Appointment of Trustees
Trustees are elected and co-opted on to the board of Trustees.
## Objectives, Activities and Benefits
The HCA Trustees followed the Charity Commission's guidance on public benefits where the Association's activities were planned or reviewed.
## Achievements and Performance
The Trustees are committed to and have carried out continuous improvement of the internal and external areas of the Hanover Community Centre. The Hanover Community is actively promoted to all Hanover residents and has seen a significant increase in usage by members.
## Thanks
The HCA thanks all employees, volunteers and local businesses who have supported the Association over the past year to ensure the success and security of our charity, in the particularly challenging period for our community.
## Financial Review
Total incoming resources for the year amounted to £102,114 including £33,470 in grants (2024 - £47,534). Total expenditure for the year amounted to £72,972 (2024 - £61,022). Net profit for the year of (£29,142). Excluding grant income, HCA made a loss of £4,328), (2024 ( £13,488)).
Total unrestricted reserves as at 31st March 2025 amounted to £72,288 (2024- £43,146). The Trustees intend to designate the majority of unrestricted funds to improving facilities and services.
A detailed review of the financial position is shown in the Statement of Financial Activities.
## Reserves Policy
The HCA Trustees are committed to maintaining a level of reserves to meet ongoing liabilities and to protect the long-term future of the HCA. This level of reserves is set at six months of key expenditure (£15,000)
## Risk Management
The Trustees carry out an annual review of both the financial and operational risks that the charity may face.
## Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
page 4
**Hanover Community Association**
## **FOR THE YEAR ENDED 31 MARCH 2025**
## **TRUSTEES' REPORT**
## Public Benefit
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## Statement of Trustees Responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements,
the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011and the Charity (Accounts and Reports)
Regulations 2008. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Board of Trustees on 30 January 2026
Keith Trampleasure
Trustee
page 5
**Hanover Community Association**
## **INDEPENDENT EXAMINER'S STATEMENT**
## **FOR THE YEAR ENDED 31 MARCH 2025**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HANOVER COMMUNITY ASSOCIATION**
I report on the accounts of the charity for the year ended 31 March 2025.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether any matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINERS STATEMENT**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINERS STATEMENT**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Malcolm Cook
Date: 30 January 2026
page 6
**Hanover Community Association**
## **Statement of Financial Activities for the year ended 31 March 2025**
|**Income**
Income from generated funds
Income from charitable activities
**Total Income and endowments**
**Expenses**
Costs of generating funds
Expenditure on Raised funds
Expenditure on Charitable activities
**Total Expenses**
**Net gains on investments**
**Net Income**
**Gains/(losses) on revaluation of fixed assets**
**Net movement in funds:**
**Net income for the year**
Total funds brought forward
**Net funds carried forward**|**Unrestricted**
**funds**
**£**
16,025
52,619
68,644
9,986
62,986
**72,972**
**(4,328)**
**(4,328)**
43,146
**38,818**|**Restricted**
**funds**
**£**
33,470
-
33,470
-
-
**33,470**
**33,470**
7,757
**41,227**|**2025**
**Total**
**£**
49,495
52,619
**102,114**
9,986
62,986
**72,972**
**29,142**
**29,142**
50,903
**82,901**|_2024_
_Total_
_£_
_12,862_
_34,672_|
|---|---|---|---|---|
|||||_47,534_
_8,207_
_52,815_|
|||||_61,022_
_(13,488)_|
|||||_(13,488)_
_64,391_|
|||||_50,903_|
This statement of financial activities includes all gains and losses recognized in the year. All income and expenditure derive from continuing activities
page 7
## **Hanover Community Association**
## **BALANCE SHEET AT 31 MARCH 2025**
|**Notes**
**FIXED ASSETS**
Tangible assets
3
**CURRENT ASSETS**
Debtors (amounts falling due within one year)
4
Cash at bank and in hand
**CREDITORS: Amounts falling due within one year**
5
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
**Unrestricted funds**
**6**
General fund
**Restricted funds**
**8**|509
44,082
44,591
250
|**2025**
**£**
38,560
44,341
82,901
72,288
10,613
82,901|_2,507_
_35,332_
_37,839_
_1,837_
|_2024_
_£_
_14,901_
_36,002_
_50,903_|
|---|---|---|---|---|
|||||_43,146_
_7,757_|
|||||_50,903_|
**Approved by the board of trustees on 30 January 2026 and signed on their behalf by**
............................. Keith Trampleasure Trustee
page 8
**Hanover Community Association**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES**
## **1a. Basis Of Accounting**
The accounts have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS 102.
## **1b. Incoming Resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income, and the amount can be quantified with reasonable accuracy.
## **1c. Resources Expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **1d. Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
## **1e. Going Concern**
These financial statements have been prepared on the going concern basis.
page 9
**Hanover Community Association**
## **1f. Depreciation**
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Long Leasehold Properties straight line 4% Fixtures and Fittings and all other assets straight line 20%
## **1g. Pension Costs**
The Association operates a defined contribution pension scheme. The pension charge represents the amounts payable by the Association to the fund in respect of the year.
## **1h. Government Grants**
Government grants are recognized in profit and loss in the year in which they are received.
## **1i. Cash At Bank And In Hand**
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.
## **1j. Financial Instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as Basic Financial Instruments. Financial instruments are recognised in the Charity's Balance Sheet when the Charity becomes party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction value and subsequently measured at settlement value.
## **1k. Judgements And Key Sources Of Estimation Uncertainty**
In the application of the Charity's accounting policies, the trustees are required to make judgements, estimates and assumptions 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 factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the current and future periods.
## **2. PENSION CONTRIBUTIONS**
|**2. PENSION CONTRIBUTIONS**|||
|---|---|---|
|Pension contributions|**2025**
**£**
961
961|_2024_
_£_
_376_|
|||_376_|
page 10
## **Hanover Community Association**
## **3. TANGIBLE FIXED ASSETS**
|**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
For the year
At 31 March 2025
**Net Book Amounts**
At 31 March 2024
At 31 March 2025
**4. DEBTORS**
Amounts falling due within one year:
Trade debtors
Other debtors|**Long**
**Leasehold**
**Properties**
**£**
1,008
-
1,008
251
40
291
757
717||**Fixtures**
**and**
**Fittings**
**£**
21,735
30,544
52,279
7,591
6,846
14,437
**14,144**
37,842
**2025**
**£**
509
0
509|**Total**
**£**
22,743
30,544|
|---|---|---|---|---|
|||||53,287|
|||||7,842
6,886|
|||||14,728|
|||||**14,901**|
|||||38,559|
|||||_2024_
_£_
_1,894_
_613_|
|||||_2,507_|
**5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Other creditors|**2025**
**£**
250
0
250|_2024_
_£_
_316_
_1,521_|
|---|---|---|
|||_1,837_|
page 11
**Hanover Community Association**
## **6. UNRESTRICTED FUNDS**
|General fund 2024
General Fund 2025|**Brought**
**forward**
**£**
56,542
43,146|**Incoming**
**resources**
**£**
47,534
102,114|**Outgoing**
**resources**
**Transfers**
**£**
**£**
(60,930)
-
(72,972)
-||
|---|---|---|---|---|
|||||**forward**
**Carried**|
|||||**£**
43,146
72,288|
## **7. UNRESTRICTED FUNDS - PRIOR PERIOD**
Funds brought forward amounted to £43,146 incoming resources amounted to £102,114 outgoing resources amounted to £72,972, balance carried forward amounted to £72,288.
page 12
## **Hanover Community Association**
## **8. RESTRICTED FUNDS**
|Sustainable travel
Hanover day fund
Awards for All
Asda Foundation|**Brought**
**forward**
**£**
7,509
248
-
-
7,757|**Incoming**
**resources**
**£**
-
-
19,321
13,650
32,971|**Outgoing**
**resources**
**£**
-
(70)
(19,321)
(10,724)
(30,115)|**Transfers**
**£**
-
-
-
-
-|**Carried**
**forward**
**£**
7,509
178
-
2,926|
|---|---|---|---|---|---|
||||||10,613|
## **9. RESTRICTED FUNDS**
Sustainable travel fund - balance brought forward amounted to £7,509, balance carried forward amounted to £7,509 Hanover day fund - Balance brought forward amounted to £248, outgoing resources amounted to £70, balance carried forward amounted to £178. “Awards for all” grant was spent in full, upgrading fixture & Fittings, electrical systems and security systems. “Asda Foundation grant” helped upgrade Fire safety and fixtures £2926 was carried forward.
## **10. RELATED PARTY TRANSACTIONS**
The charity had two members of staff during the year (2024 - 25). There were no related party transactions during the year (2024/25 - none).
page 13
**Hanover Community Association**
**Incoming Resources for the year ended 31 March 2025**
|**Incoming resources**
**Incoming resources from charitable activities**
Hall hire, bike hire
52,619
**Incoming resources from generated funds**
Activities for generating income beer festival, community events
16,025
**Incoming resources from grants**
|**2025**
**£**
_34,672_
52,619
_12,862_
16,025
68,644
33,470
102,114
|_2024_
_£_
34,672
_12,862_
_47,534_
-
_47,534_|
|---|---|---|
page 14
**Hanover Community Association**
## **Expenses**
## **for the year ended 31 March 2025**
|**Expenses**
**Costs of generating funds**
**Costs Of Generating Voluntary Income**
Purchases
Donations
**Fundraising Trading Costs**
Hire of equipment
Safety and security
**Charitable Activities**
Cleaning
Light and heat
Repairs & Equipment
Subscriptions & Licenses
Rent and rates
Wages
Bad debts
Pension contributions
Staff welfare
Bank charges
Sundry expenses
Depreciation of fixed Assets
**Governance Costs**
Computer costs
Insurance
Printing, postage and stationery
Telephone
Legal fees|**2025**
**£**
6,931
-
6,931
2,480
575
3,055
9,986
12,368
7,233
3,805
771
2,435
21,815
-
961
175
51
902
6,886
57,402
1,446
1,798
1,010
967
363
5,584
72,972|_2024_
_£_
6,350
92|
|---|---|---|
|||_6,442_|
|||1,375
390|
|||_1,765_|
||||
|||_8,207_|
|||12,573
6,347
4,653
359
2,544
20,795
114
376
82
51
101
1,387|
|||_49,382_|
|||820
1,735
221
481
176|
|||_3,433_|
||||
|||_61,022_|
page 16