## _**FINANCIAL STATEMENTS 18 December 2025**_ ## **STOKE HAMMOND COMMUNITY ASSOCIATION** **Annual Report and Unaudited Financial Statements** **for the financial year ended 31 March 2025** **KDA Accountants Ltd Certified Accountants and Accountants 9 Bessemer Crescent Aylesbury Buckinghamshire HP19 8TF UK** **Charity Number: 277654** ## **STOKE HAMMOND COMMUNITY ASSOCIATION** ## **CONTENTS** ||**Page**| |---|---| |Reference and Administrative Information|3| |Trustees' Report|4| |Statement of Trustees' Responsibilities|5| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes to the Financial Statements|8 - 12| |Supplementary Information relating to the Financial Statements|14 - 17| **2** **STOKE HAMMOND COMMUNITY ASSOCIATION REFERENCE AND ADMINISTRATIVE INFORMATION** ## **Charity Number in England and Wales** **Auditors** 277654 KDA Accountants Ltd Certified Accountants and Accountants 9 Bessemer Crescent Aylesbury Buckinghamshire HP19 8TF UK **3** STOKE HAMMOND COMMUNITY ASSOCIATION TRUSTEES, REPORT for t1￿ financAal y8ar end￿1 31 Marth 2025 Th8 trustees present their Trustees. Rtkxjrt aThJ the un8LKli￿￿ ffin8naal slaternents for Ihe financi81 year ended 31 March 202S. The financial 8tstements a￿ prepared In &ct1r(lar￿ Chantias Act 2011. FRS 102 "The Finar￿181 Reporting standard wlic2ble in the UK and Republi¢ of a￿1 Accountry Reportrng by Chanb"85. Stat8rn8nt of R8commen¢Jod Pracbeè aOiL¥ble lo clw1￿S pryrir#J Ih8ir financial statwnents in accordance the Finanaal Reporting Stsndard appliegbk In the UK 8￿j RqjubI￿ d Ird8TrJ IFRS 1021 The Tru$le8s' Report Cx)ntain the inknnaticfi rwuiT&Y to in the Trusts•8' Annual R•port undgr I Statern8nl of Recommended Prackn ISORPI guhlelines. Th8 tfustees of thè chanty are also chanty trustaas for the purpose of charity law and under the chanty's (x)nsbtutron afe known as membèrs of the board oftrustèas. In thy8 report ￿ tru8ts88 of STOKE HAMMOND Cc￿MUm1Ty ASSOCIATION pre8onl 8 Summary ol rts PUfrKJJe, govemance, actmtses. achtovements and finan￿ frjr ts finawl year 31 Marth 2025 Th¢ chanty is a regi4tered charrty and although rtr)t obltyjod to Ccrn￿ wth thè Ststomont of R•eomm•nd•d Practic• ap￿lea￿a in tho UK and R￿UbliC of IrèlaTha FRS 102, tho ¢xgani8abon h•$ inp1omw￿ ts r￿MMenda￿￿[M whoro ro￿Vant in thets finanaal ¥tstgmgnts. Fln•ncl•l R•vl•w Th• results for the finanaal y••r •r• ••t on p•9• 8 •nd •ddillon•l not•• •r• Pro￿11+1 sh¢)wing inecmt •nd xptndi¢ure in greater detail. R•oult$ and Dfvld•nd• At the end ol the finanaal y*ar chanty asws of £37,189 12024 - £39,812> •ThJ Ik?￿1(0.￿S of to.￿) 12024 - £3.0261. Th? n¢t awtj tsfth• charity hab* inty••$8 ||||||| |---|---|---|---|---|---| |Unrestricted|Total|Unrestricted|Total| |Funds|Funds|Funds|Funds| |2025|2025|2024|2024| |Notes|£|£|£|£| |Income| |Donations and legacies|3.1|330|330|695|695| |Charitable activities| |- Grants from governments and other co-funders|3.2|27,195|27,195|24,484|24,484| |Investments|3.3|183|183|200|200| |─────── ─────── ─────── ───────| |Total income|27,708|27,708|25,379|25,379| |─────── ─────── ─────── ───────| |Expenditure| |Charitable activities|4.1|21,259|21,259|18,010|18,010| |Other expenditure|4.2|6,046|6,046|4,616|4,616| |─────── ─────── ─────── ───────| |Total Expenditure|27,305|27,305|22,626|22,626| |─────── ─────── ─────── ───────| |Net income/(expenditure)|403|403|2,753|2,753| |Transfers between funds|36,786|36,786|34,033|34,033| |─────── ─────── ─────── ───────| |Net movement in funds for the financial year|37,189|37,189|36,786|36,786| |─────── ─────── ─────── ───────| |Total funds at the end of the year|37,189|37,189|36,786|36,786| |═══════ ═══════ ═══════ ═══════| **----- End of picture text -----**
The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 8 to 12 form part of the financial statements **6** STOKE HAMMOND COMMUNITY ASSOCIATION BALANCE SHEET as at 31 Mard) 2025 2025 2024 Fix•d A8••t• Tangiblè 8ss&ts 9.381 13,997 Curr•nt A￿ets Debtors C88h at bank and in hand 2.380 25.428 27.808 25.815 Cr•dltor•: Amounts falllng du• wlthln on• y•ar 10 13.0261 Ngt Currnnt AM•ts 27.808 22,789 Total AM•ts I￿* Curr•ftt Llablllti 37.189 38.788 Fund• General fiJTrJ lunrestn'ctedl 37.199 38,788 Total lund• 12 37,189 36,788 Th• finAna81 statèm8nt8 have b88n wepared in ac¢ordarts with the prOv￿lOn$ 4)plicablo to ¢ompani•$ 8ubi•ct to th• ￿811 wnpAniè$' regime and in accvrdance vnth FRS 102 The Financ￿1 Reporkn"ng St8r¥Jard 8pp&c4bl• in th8 UK and R￿UbliC of Ir•brKI". 8pptyir*J ￿lOn IA ol lh￿ Stsnd•r¢. Approv•d by th• Board ol Tru•t•M •nd *uthorl••d for l••u• on bfrhalf by 19112r2025 •nd •lgn•d on It• Greg Noble - Chair & Trustee ## **STOKE HAMMOND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS** for the financial year ended 31 March 2025 ## **1. GENERAL INFORMATION** STOKE HAMMOND COMMUNITY ASSOCIATION is a charity incorporated in the United Kingdom. The registered office of the charity is also the principal place of business of the charity. The financial statements have been presented in Pound (£), which is also the functional currency of the charity. ## **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements. ## **Basis of preparation** The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard. As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. ## **Statement of compliance** The financial statements of the charity for the financial year ended 31 March 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard. ## **Fund accounting** The following are the categories of funds maintained: ## **Restricted funds** Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. ## **Unrestricted funds** Unrestricted funds consist of General and Designated funds. - General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity. - Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund. ## **Income** Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity. ## **Income from charitable activities** Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance-related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors. Grants from governments and other co-funders typically include one of the following types of conditions: - Performance-based conditions: whereby the charity is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a **8** continued ## **STOKE HAMMOND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS** for the financial year ended 31 March 2025 grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as income. -Time based conditions: whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases, the charity recognises the income to the extent it is utilised within the period specified in the agreement. In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the charity is notified of entitlement. Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earlier. ## **Expenditure** Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement, and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measures for each activity. ## **Tangible fixed assets and depreciation** Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows: Land and buildings freehold 4% Straight line Fixtures, fittings and equipment 15% Straight line ## **Debtors** Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received at financial year end, is included in debtors. ## **Cash at bank and in hand** Cash at bank and in hand comprises cash on deposit at banks requiring less than three months’ notice of withdrawal. ## **Taxation and deferred taxation** No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the charity's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |**3.**|**INCOME**||||| |---|---|---|---|---|---| |**3.1**|**DONATIONS AND LEGACIES**|**Unrestricted**|**Restricted**|**2025**|2024| |||**Funds**|**Funds**||| |||**£**|**£**|**£**|£| ||Donations and legacies|**330**|**-**|**330**|695| |||═══════|═══════|═══════|═══════| **9** continued ## **STOKE HAMMOND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS** for the financial year ended 31 March 2025 |**3.2**|**CHARITABLE ACTIVITIES**||**Unrestricted**|**Restricted**|**2025**|2024| |---|---|---|---|---|---|---| ||||**Funds**|**Funds**||| ||||**£**|**£**|**£**|£| ||**Grants from governments and other**|**co-funders:**||||| ||Income from charitable activities||**27,195**|**-**|**27,195**|24,484| ||||═══════|═══════|═══════|═══════| |**3.3**|**INVESTMENTS**||**Unrestricted**|**Restricted**|**2025**|2024| ||||**Funds**|**Funds**||| ||||**£**|**£**|**£**|£| ||Investments||**183**|**-**|**183**|200| ||||═══════|═══════|═══════|═══════| |**4.**|**EXPENDITURE**|||||| |**4.1**|**CHARITABLE ACTIVITIES**|**Direct**|**Other**|**Support**|**2025**|2024| |||**Costs**|**Costs**|**Costs**||| |||**£**|**£**|**£**|**£**|£| ||Expenditure on charitable activities|**-**|**21,259**|**-**|**-**|18,010| |||═══════|═══════|═══════|═══════|═══════| |**4.2**|**OTHER EXPENDITURE**|**Direct**|**Other**|**Support**|**2025**|2024| |||**Costs**|**Costs**|**Costs**||| |||**£**|**£**|**£**|**£**|£| ||Other expenditure|**-**|**6,046**|**-**|**-**|4,616| |||═══════|═══════|═══════|═══════|═══════| |**5.**|**NET INCOME**||||**2025**|2024| ||||||**£**|£| ||**Net Income is stated after charging/crediting):**|||||| ||Depreciation of tangible assets||||**6,046**|4,616| ||||||═══════|═══════| |**6.**|**INVESTMENT AND OTHER INCOME**||||**2025**|2024| ||||||**£**|£| ||Other interest||||**-**|200| ||Investment income||||**183**|-| ||||||───────|───────| ||||||**183**|200| ||||||═══════|═══════| |**7.**|**EMPLOYEES AND REMUNERATION**|||||| ||The staff costs comprise:||||**2025**|2024| ||||||**£**|£| ||Wages and salaries||||**760**|1,090| ||||||═══════|═══════| **10** continued ## **STOKE HAMMOND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS** for the financial year ended 31 March 2025 |**8.**|**TANGIBLE FIXED ASSETS**|||| |---|---|---|---|---| |||**Land and**|**Fixtures,**|**Total**| |||**buildings**|**fittings and**|| |||**freehold**|**equipment**|| |||**£**|**£**|**£**| ||**Cost**|||| ||At 1 April 2024|23,080|15,892|38,972| ||Additions|-|1,430|1,430| |||───────|───────|───────| ||At 31 March 2025|23,080|17,322|40,402| |||───────|───────|───────| ||**Depreciation**|||| ||At 1 April 2024|9,083|15,892|24,975| ||Charge for the financial year|4,616|1,430|6,046| |||───────|───────|───────| ||At 31 March 2025|13,699|17,322|31,021| |||───────|───────|───────| ||**Net book value**|||| ||At 31 March 2025|**9,381**|**-**|**9,381**| |||═══════|═══════|═══════| ||At 31 March 2024|13,997|-|13,997| |||═══════|═══════|═══════| |**9.**|**DEBTORS**||**2025**|2024| ||||**£**|£| ||Trade debtors||**2,380**|2,521| ||Prepayments and accrued income||**-**|822| ||||───────|───────| ||||**2,380**|3,343| ||||═══════|═══════| |**10.**|**CREDITORS**||**2025**|2024| ||**Amounts falling due within one year**||**£**|£| ||Accruals and deferred income||**-**|3,026| ||||═══════|═══════| |**11.**|**RESERVES**|||| ||||**2025**|2024| ||||**£**|£| ||Surplus for the financial year||**403**|2,753| ||||───────|───────| ||At the end of the year||**403**|2,753| ||||═══════|═══════| |**12.**|**FUNDS**|||| |**12.1**|**RECONCILIATION OF MOVEMENT IN FUNDS**||**Unrestricted**|**Total**| ||||**Funds**|**Funds**| ||||**£**|£| ||At 1 April 2023||-|-| ||Movement during the financial year||36,786|36,786| ||||───────|───────| ||At 31 March 2024||-|-| ||Movement during the financial year||37,189|37,189| ||||───────|───────| ||At 31 March 2025||**37,189**|**37,189**| ||||═══════|═══════| **11** continued ## **STOKE HAMMOND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS** for the financial year ended 31 March 2025 |**12.2**|**ANALYSIS OF MOVEMENTS ON FUNDS**||||| |---|---|---|---|---|---| |||**Income **|**Expenditure**|**Transfers**|**Balance**| |||||**between**|**31 March**| |||||**funds**|**2025**| |||**£**|**£**|**£**|**£**| ||**Unrestricted funds**||||| ||Unrestricted General|27,708|27,305|36,786|37,189| |||───────|───────|───────|───────| ||**Total funds**|**27,708**|**27,305**|**36,786**|**37,189**| |||═══════|═══════|═══════|═══════| |**12.3**|**ANALYSIS OF NET ASSETS BY FUND**||||| ||||**Fixed**|**Current**|**Total**| ||||**assets**|**assets**|| ||||**- charity use**||| ||||**£**|**£**|**£**| ||Unrestricted general funds||9,381|27,808|37,189| ||||───────|───────|───────| ||||**9,381**|**27,808**|**37,189**| ||||═══════|═══════|═══════| ## **13. POST-BALANCE SHEET EVENTS** There have been no significant events affecting the Charity since the financial year-end. **12** ## _**FINANCIAL STATEMENTS 18 December 2025**_ ## **STOKE HAMMOND COMMUNITY ASSOCIATION** ## **SUPPLEMENTARY INFORMATION** ## **RELATING TO THE FINANCIAL STATEMENTS** **FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025** **13** ## **STOKE HAMMOND COMMUNITY ASSOCIATION** ## **SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS OPERATING STATEMENT** for the financial year ended 31 March 2025 |||**2025**|2024| |---|---|---|---| ||**Schedule**|**£**|£| |Income||**27,525**|25,179| |Cost of generating funds|**1**|**(12,798)**|(11,407)| |||───────|───────| |Gross surplus||**14,727**|13,772| |Charitable activities and other expenses|**2**|**(14,507)**|(11,219)| |||───────|───────| |||**220**|2,553| |Miscellaneous income|**3**|**183**|200| |||───────|───────| |**Net surplus**||**403**|2,753| |||═══════|═══════| The supplementary information does not form part of the financial statements **14** ## **STOKE HAMMOND COMMUNITY ASSOCIATION** ## **SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 1 : COST OF GENERATING FUNDS** for the financial year ended 31 March 2025 ||**2025**|2024| |---|---|---| ||**£**|£| |**Cost of Generating Funds**||| |Wages and salaries|**760**|1,090| |Depreciation|**6,046**|4,616| |Light, heat and power|**3,624**|3,974| |Rates|**1,381**|919| |Insurance|**987**|808| ||───────|───────| ||**12,798**|11,407| ||═══════|═══════| The supplementary information does not form part of the financial statements **15** ## **STOKE HAMMOND COMMUNITY ASSOCIATION** ## **SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 2 : CHARITABLE ACTIVITIES AND OTHER EXPENSES** for the financial year ended 31 March 2025 ||**2025**|2024| |---|---|---| ||**£**|£| |**Expenses**||| |Staff training|**158**|-| |Cleaning|**4,468**|2,646| |Repairs and maintenance|**6,427**|5,261| |Printing, postage and stationery|**4**|16| |Computer costs|**465**|252| |Legal and professional|**240**|467| |Accountancy|**284**|76| |General expenses|**2,232**|2,162| |Subscriptions|**229**|339| ||───────|───────| ||**14,507**|11,219| ||═══════|═══════| The supplementary information does not form part of the financial statements **16** ## **STOKE HAMMOND COMMUNITY ASSOCIATION** ## **SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 3 : MISCELLANEOUS INCOME** for the financial year ended 31 March 2025 ||**2025**|2024| |---|---|---| ||**£**|£| |**Miscellaneous Income**||| |Other Interest|**-**|200| |Income from unlisted investments|**183**|-| ||───────|───────| ||**183**|200| ||═══════|═══════| The supplementary information does not form part of the financial statements **17**