Charity rnglstratlon number 2751871England and Wales) KINGSWOOD VILLAGE COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
KINGSWOOD VILLAGE COMMUNITY ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrRIGunn MIA V Hawker Ms J Quartemiain Dr S H Wilson Mr S R Kippen Mrs M A Cayton Mrs C J F Vanhaeck¢ Mrs S M Camblin Mrs J D Hale Charity numb•r 275187 Independent examiner Mrs D Dann
KINGSWOOD VILLAGE COMMUNITY ASSOCIATION CONTENTS Pagè Trustees, report Independent examineffs report statement of financial acbvitiès Balan sheèt Notes to the accounts Income ststemenl 10
KINGSWOOD VILLAGE COMMUNITY ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their annual report and financial ststemenls for the year ended 31 OecembeT 2025. The accounts have been Pfepared in accordance wrth the accounting policies set out in note 1 to the accounts and ¢omply with the Kingswood Village Community A550oialion's IKVCAI governing documént, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Pra¢ti¢e 8pplicable lo charities preparing their accounts in aeeordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2015)" Objeetivès and activities The KVCA'S objects are lo promote and support wmmunity life in Kingswood. The policies adopted in furtheran¢e of these objects are for the provision and management of ngSWOOd Village Hall for Community events and there has been no Change in these during the year. The Trustees manage Kingswood Village Hall, organise events in the hall, let the hall to other users, publish °The Village Voice., whith is delivered free to all properties in King5wood. and, through the KVCA'S drama arm KADDS, put on Ihealrical produdions. The KVCA also organises or participatés in other activities which strengthen cornmunity spirit in Kingswood. The Trustees have paid due regard to guidanca issued by the Charity Commission in dè¢iding what activities the KVCA should undertake. Flnancial review It is the policy of the KVCA that unrestricted funds which have not been designated for a specffic usè should be malnlained at a level equivalent lo beiween three and six month's expenditure. The Trustèes consider that reserves al Ihis level will ensuie that, in the event of a signlficant drop in funding, they will be able lo continue the KVCA'S cutrenl acliwlies while considération is given lo ways in which additional funds may be raised. This level of reserves has been maintsine(I throughout the year. The Trustees have assessed the major risks to whi¢h the KVCA is exposed, and ar& satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management Mr J H T Chaffield MrRIGunn MrA V Hawker Ms J Quartermain Di S H Wilson Mr S R Kippen Mrs MA Cayton Mrs C J F Vanhaecke Mrs S M Camblin Mrs J D Hale IResigned 8 April 20251 l of the Trustees appoTrnted at the 2025 AGM servèd throughout the rest of the year and have continued in post.
KINGSWOOD VILLAGE COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Financial perfomiance The Trustees arg pleased to report that 2025 was a very successful year in which the KVCA look major steps towards charity status change and undertook preparatory work and funds-building towards further major improvement of Kingswood Village Hall. Overall. the KVCA generated 3 surplus of £46.968. compared with a deficit of £46,107 in 2024. when we completely renewed the Hall toilets and upgraded the kitchenlfoyer area. This difference is exaggerated by the fact that in 2025 we were very gratefvl lo receive a grant of £33,924 from Reigate & Banslead Botough Counul towards the 2024 toilet project. The Hall OpeT¥ling account, before major improvement expènditurè. prodUd a surplu5 of £5,079, compared with a deficit of £3,771 in 2024. This improvement was largely due to an increase Of £3,381 112OAI in Hall income, keeping a tight hold on operating costs and lower rouline maintenance expenditu. Our drama am, KADDS. pul on plays in 2025, 'Plaza Suite, in May and 'Kindly Leave the Stage, in October. These genèrated a financial Surplus of £2,907, almost the same as in Z024. The KVGA put on its very popular Grand Kingswood Charity Quiz which raised £1,391 for 3 local Charities. and a VE Day 80th Anniversary village celéb.0n. the surplus from which was donated to the local branch of the Royal Britssh Legion. The Village Voice ha5 continued to bring interesting arti¢les and news to all Kingswood residents and Its support and promole village community aclivilie5. Thank5 to the work of the editorial tèam, advertising incorne rose 8% to £20,730. Printing Costs have risen as we have switched to a local Redhill printer., despite a slightly hi9her cost the printing is excellent the delivery much more reliable. In this year of financial consolidation and preparatitsn for significant further Hall improvements in 2026 and 2027, we have been able lo increase our overall reserves by £46,969 to sit at £121,280 at year-end. Of this, in line w((h our Financial Reserves Policy, we keep £30.000 a5 our emergen reserve. roughly equal lo one year's routine expenditure costs, to ensure that we have time lo adapt to any unexpected inteiruplions to our activities. We consider the KVCAto be in a strong finanaal position. The Trtj tees, report was approved by the Board of TmslÈès. MrRI Trustee Dated.. 20 April 2026 unn
KINGSWOOD VILLAGE COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGSWOOD VILLAGE COMMUNITY ASSOCIATION I report on the accounts of the KVCA for the year ended 31 December 2025, which are set out on pages 4 to 9. Respectiv• r•spon$ibilitit$ of Trustees and examinèr The KVCA'S Trustèès are responsible for the preparation of the finan¢ial stalemenls. The charity's Trustees consider that an avdil Is not required for this year under sèction 144121 of the Charities Act 2011 Ilhe 2011 Act) and that an Independent examination is needed. 11 is my responsibility to.. exatnine the financial slalements under se¢tion 145 of the 2011 Act,. lill to follow the procedures laid down in th& general Directions given by the Charity Commission undei section 14515}{bl of the 2011 Act., and {iiil to slate whether particular matters have ctsrne lo my attention. Basis of independent 8xaminerfs report Indepondènt examinerf$ statement In connection with my examination, no other matter except that referred lo in the previous paragraph has come lo my attention.. lal which gives me rèasonable cause to believe that in any m8teri81 respect the requirements.. to keep accounting records in accordan with section 130 of the 2011 Ad., and li1} to prepare financial statements which accord with the accounting record5 and compty with the accounting requirements of the 2011 Act.. have not been mel or Ib} lo which. in my opinion, attention should be drawn in order to enablè a proper understanding of the financial statements lo be ieathed. Mrs D Dann J314-[LL Oated..
KINGSWOOD VILLAGE COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unre$tri¢ted funds 2024 202S Notes Incomè and ènd Lettings, advertising ineome and grants Other income 94,065 3,404 58,342 4,466 Total income and endowments iture on- Rent, maintenancg and other Costs 97,469 62.808 50,501 108,914 N•t In¢omellexpenditurel for the yearl Net movèment in funds 46,968 146.10n Fund balances al 1 January 2025 74,312 120.419 Fund balances at 31 D•c•mb¢r 2025 121,280 74,312
KINGSWOOD VILLAGE COMMUNITY ASSOCIATION BALANCE SHEET AS A T 31 DECEMBER 2025 2025 2024 Nots$ Current as5•ts Dèbtors Cash at bank and in hand 6,253 124,148 6,447 80,596 130,401 87,043 Credltor¥'. amounts falling du• wlthin one year 9,121 12,731 Net ¢urrenl as5els 121,280 74,312 In¢ome funds Unrestricted funds 121,280 74,312 121,280 74,312 The finanaal stslemenls were approved by the board of trustees and aulhorised for issue on 20 April 2026 and are Sl9ne tin its behaff by.. MrRIGunn Trustèè Mr Trustèe awker
KINGSWOOD VILLAGE COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting pollclè$ Charity inforniation Kingswood Willage Community Association IKVCAI is a UnInrpOrated Association registered under the CharitS Act. 1.1 Accounting convention The financial statem8nls have been prepared in a[dancE with the KVCA'S governiryJ document, the charits Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities SORP "Accounting and Reporting by Charities. Statement of Recommended Practice applicable lo charities prtsparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The KVCA is a Public Benefit Entrty as defined by FRS 102. The linandal 51alements have departed from the Charities (Accounts 8nd Reportsl Regulations 2008 onty to the extent reqUId to providè a Iiue and fair view. This dep8rture has involved following the Statement of Recommended Pracbce lor charitie5 applying 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 accounts are PTepared in sterling, which is the functional Currency of the chanty. Monetary amounts in these financial statemènts are rounded to the nearest £. The finan(xal $18temenls have bèèn prèpared under the histori¢al ¢osl convention, Imodified lo include the revaluab'on of freehold properties and lo include investment properties and certain financial in51rumenls al fair valuel. The princApal accounting policies adopted are sel out beS0w. 1.2 Golny ¢oncem At the time ol approving the finanaal statèments, the Trustees havè a reasonable expeetalion that the KVCA has adequate resources to continue in operational existence for the foreseeable futUTe. Thus the Trustees continue lo adopt the going concern basis of accounting in preparing the financial Stslements. 1.3 Charitable lunds Unrestricted funds are available for use al the discretion of the Trustees in furthèrance of their chariiable objectwes. Restricted filnds are Subject lo specific conditions by donoTS or grantors 8$ lo how they may bè ustrd. The purposes and uses of the reslrictad funds are sel out in the notes to the financial statements. Endowment funds are subject to SpefiC conditions by donors that the capital musl be maintsined by the KVCA. t.4 Incoming resourc¢$ Income is reco9nised when the KVCA is legally èntitled lo il after any performance Condit)n5 have been mel, the amounts can be measured reliably. and it Is probable that incomo will be received. Cash donations arè recognised on receipt. Other donations are recognisèd once the KVCA has been notified of the donation. unless performance condtlion5 require deferral of the amount. Legacies are recognised on re¢eipl or otherwise if the KVCA has been notified of an impending distribution, the amount is known. and reoeipl is expecled. 1.5 Resources expandod Income and expenses ar8 in¢luded in the financial ststements as they become receivable or due. Expenses indude VAT where applicable as the charity cannot reclaim it.
KINGSWOOD VILLAGE COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng poliei¢$ {Continued) 1.6 Cash and cash oquivalents Cash and cash equivalents in¢lude cash in hand, deposrts held al call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank ovèrdrafts a shown within borrowings in eurienl liabilities. 1.7 Financlal in$truments Financial instiutpenls are recognised when the KVCA becomes party lo the contractual provisions of the instrument. Finanaal assets are offset, with the net amounts presented in the accounts when there is a legally enforable right lo sel off the recognised amounts and there is an intention to settle on a net basis or lo realise the assèt and Settle the liability simultane(>usty. Ba$1¢ r Inancial asset$ Basic financial assets, which in¢lude debtors and cash arml bank balances, ara ini118lly measured al transaction pri inclijding transaction costs and are subsequently carried at amortised cost using the effeetive interest method unless the arrangement eonslilule5 a financAng transaction. where the transaction is measured at the present value of the futLJre receipts discounted at a market rale of interest. Financial assets dassified as re1vable within one ygar ar& not amortised. Basic financial liabilltiés Basic financial liabilities, including Credito and bank loan$ are initially recognised al transaction pri unless the arrangement constitutes a financing transa¢titsn. where the debt instrLJmenl Is measured at the present value of the future payments discounted al a market rate of intaresl. Flnan¢i81 liabilities dassthed 88 payable within one year are not amortised. Debt instruments are subsequently carried at amortised w51. using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as ¢uirenl liabilities if payment is due within one yèar or less. If not, they are pie5enled as non-current liabilities. Trade credittsrs are recognised initialty al transaction price and subsequently measured at amortised cost using the effective interest method. Dereeognition of financlal Ilabilities Finanaal liabilities are derecognised when the charitls eontractual obligations expirè or are discharged or cancelled. Lettlngs, advertising income and grdnts 2025 2024 Letb'ngs in¢ome KADDS income Events income The Village Voice income Granls Received 30,958 27,577 5,831 4,772 19,211 950 2,680 20,730 33,924 94,065 58,341
KINGSWOOD VILLAGE COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DEGEMBER 2025 Other incom• 2025 2024 Interg51 received 3,404 4.466 Ren( maintenance and othér costs 2026 2024 Charity expenditure Rent and rates Uts'lities and cleaning utilities Adjustment Supplies and managamenl Insurance and licenses Routine maintenance KADDS costs Events costs Donation5 The Village Voice costs Major Hall works Street PSanler Project Village A¢tivilE5 costs 5,2TK 8,712 5,1fj4 8.396 11.49n 4.438 2,380 10,970 2,956 1,324 3,446 8,804 61,203 233 1,097 5,226 2,644 4,020 2,868 1,094 1,586 9,559 9,517 Charity expenditure 50,501 108,914 Trustees None of the Trustees received any remuneration during the year. A paytllenl was made to Herlig Architecture Limited of £1.632 in which one ol the ttustèes family is a director. This transaction was negotiat6d at an arms, length rate. Debtors 2025 2024 Amounts falling duè within one year- Trade debtors Prepayments and accrued income 3,805 2.448 3,835 2,612 6.253 6,447
KINGSWOOD VILLAGE COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Credltorn: amounts falling duo wlthln one year 202S 2024 Payments receivad on a¢wunt Trade creditors Other eredilors Accruals and deferred income 5,653 1,780 185 1,503 8.977 1,074 145 2,535 9,121 12,731 Unr8strl¢tod funds The unrestricted funds of the charity comprise the unexpended balances of donations and giants which are not subject lo speafi¢ conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the Iruslees for specific purpose$. At 1 January 2025 Incoming resources Resources expended At31 Decemb•r 2025 General funds 74,312 97,469 150.5011 121,280 Prevlous yèar: At1 January 2024 Incoming rèsources Resources expended At31 December 2024 General funds 120,419 62.808 {108,9141 74,312 Operating lease commltrnents Lèssè• The KVCA has 3 15 year lease on the property with Reigate and Banstead Borough Council dated 22 March 2013. The euFrenl annual rent is £5,100. 10 Relatsd party transactions There were no disclosable related party transactions during the year {2024- none). 11 New trust On 21 February 2025 a new CIO registered oharily was fftated - Kingswood Village Community Association 2025. On 1 January 2026 all the assets and liabilf(ies of this charity, King5wood Village Community As50cialion, will transfer to that new trust artd once all the fomalities are concluded this charity will cease. This is anli¢ipaled lo be completed during 2026.
KINGSWOOD VILLAGE COMMUNITY ASSOCIATION DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Hall Hall total income 30.958 27.577 Expenditure Rent and rates Utilities and deaning Supplie5 and rranagement Insurance and linceS Routine maintenance 5,277 8,712 5,226 2.644 4,020 5,184 8.396 4.438 2.380 10.970 Hall lolal expenditure Hall Operating SuTplus I (Defiatl Local Authority grant Major works 25,879 31,348 5.079 {3.771} 33,924 9,517 61,203 Hall Surplus I (Deficill after grants 29,486 164.9741 KADDS Income Expendrture 5,773 2,866 5,831 2,95e KADDS Surplu5 2,907 2,875 Events Income Expenditure 2,680 2,680 4.772 4,770 Events Surplus Thè Village Voice Income Expendtture 20.730 9,559 19,211 8.804 The Village Voice Surplus Willage Activities Local grants Expenditure 11,171 10.407 950 1,330 Village Actiwlies Surplus I (Daficitl 13801 Miscellanèous In¢ome Interest 3,404 4,466 Prèvious Year adjustrngnt Water adjustment 1,497 Combinèd net Surplus I (Deficrti 46,988 {46,1071