Charfty v•gl•tr4tl•n numb•r 27•MS HAROLD WOOD NEIGHBOURHOOD CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HAROLD WOOD NEIGHBOURHOOD CENTRE CONTENTS 9• Irthp•ntht •x•mm•rfi r•port Sthi•m•M of fin•nd•l •a6¥tt
HAROLD WOOD NEIGHBOURHOOD CENTRE TRUSTEES REPORT FOR THE YEAR ENDED 31 AIARCH 2025 The tru$l••$ pr•Trt th•w i•ptyt and fwia stater1 for the year ended 31 Mor¢h 2025. The financilll iLgi•ments tth• boen prepared in K(x>rdance with the accounting Pol9 set out in not• 110 th• financ1 stalemfrnts and c4>mpty with the clwity'5 90MIng document. the Charittes Act 2011 and "Accounting ond Reporting by Chwit. Statement ol Recommended Practti applicable to charitie$ prep•rlng Ih•ir account8 In accord8n¢e wilh t1 FIrlI R•pryting Stan(lard apph¢ablg hi the UK •nd Republ of Ireland IFRS 102) 1 Jwu•y 20191". ObJ•ctbvK and •ctlvltl•• Achiev•menl¥ and P•rf0mn¢• D•v•lopm•n( Actlvltl•• •nd Aehl•¥•m•nts To promote the b•nfrt of the Inhabrtanls of the Haiold Wood Neighlxurhood Cefilrtr •nd Ihe Neighbourhood wrfhoul dislindion of set or tsl polrtical. religious or other opinn5 by asSQCiaiiNJ the hxal aUthor'•s. voluntsry organisations and Inhabitan13 in 8 common effort lo a0nce educab.on and so pro¥e laaht$ in th• int•r•$t ol Bocial wellar8 fof r•creationg1 and kniBufe lime occupation5 vmh the ityct of impromng th• condrfions of lo the Sa inhabilanll. Flnn¢ll rnwl•w The ¢•nlf•'s in¢om• from all jourus hos deue4$•d to £1(b.938 from £118.614 •nd th•ffj h•$ b#•n a defi¢xt f th• year of £23.109. Th• Iwsl••s ¥re SWI saljsfrfd that lh• cntre's finanual p01rt rem•ins Jwnd. We are managing to m8inlain our Income frorn our regular e(s. the Ctra to rw hir• and continue to en$ur• b•sl pfic4 polKies lor ary works oul. Stru¢tyr•. oov•rn•ne• •nd m•n•g•m•rt Gov•rnlng Instrum•nt The Ch¥rity w•s •$i•t4i¥h•d by Tw$1 D••d daled 31 Maf¢h 1981 and 1$ 9ov•rMd by rLth Ind rogul•tions l•$t èpprovtd by the Tw8i•tssM•n4offni Committee 17th M•rth 2CQ9. Th• C•ntr• w•s ICm•d to •1 the resmlents by the pT(Y¥1S of fa(4rtM for x4al. r•u••lK)nal •nd Isur• acti.•8. wrthoui di1crwn1natK on tho basis of sex or tbIal. TelK)uS or other b•liel$. Th•r• * an Exe¢ulN• Crrfnrn1e •l•¢t•d by th• M•n•9•rrN Commbtte• Ih•l meets 6 lim•• • y•ar. Th• M•n•g•nnt CoMtt• Chairman and Member5hp s•t•ry.. Hon. Treasuroi. Hon. s¥t8ry and L•ttings'. 'J. GU "E. Tayknr 'B. Fleet M•ml. 8. Fleel IS¢hool ol Don¢¥l L. Ma5kell Islrahghl D#n) L. Ajon {8•r Clubl K. Godfrey IAlma Boxing) D. Keeble IL¢xlge of Fnendshyl R. Gould (Hoptt & Unty Lodge) J. Guven¢ IPl¥y Sthocll P Payne lover 80 Club) R. L¢x*harl (Bridge Cl} ' Ex•cutlv• Commltt•• M•mb•
HAROLD WOOD NEIGHBOURHOOD CENTRE TRUSTEES REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 R•f•rnn¢• and Adrnlnlshlh7• d•t• R•9l•t•rnd Charfty numb•r 279955 Prln¢lyl ddm• The Obd School Gtsbns L•ne Harold Wood Romlofd Es$• RIA3 ORA Trust• J Guvenc 8 Fleet Indop•nd•nl Ex•mlTr•r Adam Hubbard A2ets Audit Servicts Charlered Accounlonli 7-8 Britannia Busine18 P•rk Comet Way Soulh•nd-on-S•a E8$èX SS2 6GE 8ink•rn HSBC PIC g Markel Pla(¥ Romlord Es$ex RMI 3AF sl••s r•port w•$ •ppro¥•d by the Bo•rd of Trustees. Mv E Tayl•r TrLtstee uv•nc Tru51ee
HAROLD WOOD NEIGHBOURHOOD CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAROLD WOOD NEIGHBOURHOOD CENTRE I report lo Ihe trust•es on my examinat of th• financ4al slalements of Harold Whod Neighbourhoc•J Cènlre Ilh• th•rtyl lof lh• Ond 31 Mar¢h 2025. RMponlblllll•• and b••ls ol r•port AS Ihtr truste•$ ol th• Chaity you afe r•sponsh)le for the preparatTh of tho financial stslemenli +n araKd•nc• with Ihe reqwffjmenli of th• Charrtl•$ A¢t 2011 Ilhe 2011 Acll. I r•porl In r•8p•ct ol my ox•minotK)n ol the charity's finanaal slaleffnis carried oul under 145 ol the 2011 Act. In ¢afrying out my èxamination I have folowed all the apF4icabl8 Dir8ctKJn$ glven by th6 Chortly Commisii¢)n und•r s•ctiM 145{Sllbl ol th• 2011 Ad. Ind•p•nd•nt •xamln•rf• •tat•m•nt Your attention is ¢Jr8wn lo Ihe fact that lh¢ ¢h¥nty has prepar fThno41 $l•t•mfrnl$ kn 4¢Cord•r wrth Accountin9 and Reporting by Charrties prering their aGcounls in o¢¢ordan¢ wrth the Financial St8ndard applicable In the UK #nd Republic of Irekind IFRS 102) prelertftce lo the Accountino •nd R•porting by Charities.. Slalemonl of R•commend8d Practice issued on 1 Awil 2(M)5 vthich 1$ r•l•rr•d lo in •xt•nt i•gulatKJns but h•s now b8•n wrthdravm. l undtrsland Ihal this has bn done in ordei lof finanoal stst•mènts to prov¢ a #nd fair m accord8nce wrth Gen•ralty A¢pIe Accounting prad effethe lof rerwJ1ty penods beginning on or aftw I January 2015. I hav8 Compl•1 my •xaminatKJn. I confirn that no rnatt•rs clxne to my alten1K in wtth the •X8mlnalion giving m• Cau lo bel thal In any matenal respect. accounhng records were nol kept ID respecl of the (arty as requyed by ie¢b'on 130 01 the 2011 Act," or the finantyal itat•meniS do nol o¢¢tyd wrth those re¢ord$. or th• finan¢ial itat•m•nts do r)ot comply wrlh Ihe appluble requirements conc•ming th• form and conlenl of 8ccounts Ml out In Ihe Ch¥(rt5 IA¢¢oLm¢$ #nd Rep)rtsl ReglatnS 2008 other th•n any r•quiremenl Ihai the •¢¢tyJnls gMI 4 •nd f•ir • matt•r consiYer•d •$ p•n ol In independent exaryuna10. I ha fy) corM8 and have Con acTOSS no olher matters in connection wilh the ex8min8lion lo which 8ltenlK*n shoukl h dr•wn In this r•port in Ofder lo anab a woper understanding of th8 finan¢ial $l•lerren15 10 re•cthd. IL LIZ Adam Hubbard ICAEW A2eis Audrt 7. 8 Bntsnni• Bu3in••s P• Comel Way Soulhen(kOn•Sea Essèx SS2 8GE Unrted Kingdom D¥led Loz£
HAROLD WOOD NEIGHBOURHOOD CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr••trl¢l•d Unr•itrl¢t•d fund• funds 2025 2024 Not•• Membership5 and don4iK>ni lfiveslments 1(ffj,506 372 118.4$5 359 Totsl Incom• 1C6.938 118.814 •n Provision ol ¢ènlr• 130.047 103.698 N•t l•xp•ndltur•llln¢om• lor th• y••rf N•1 mov•m•nt In fund• 123.1091 15.116 Fund b8laneAs al 1 Aprll 2024 92.717 77,801 Fund b•l•n¢M •131 Mr¢h 2Q25 92,717 The s1ol•m•nt of finn¢K•l athvllws md4vJ•s •1 gain$ and recognis•d in th• y••r. AM irKomo #nd •¥p•ndrfur• frrjn #Cbwbes.
HAROLD WOOD NEIGHBOURHOOD CENTRE AS Arm MARCH 2026 T•nglbl• CuTh•rt ••• D•b 15279 28.153 (10.480) 88.14• 7T. 92.717 fund• 29.5 40.1( 82217 92.717 92.717 ET•
HAROLD WOOD NEIGHBOURHOOD CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 AcGountln9 pokl• Ch•rlty Inlornwllon Harold Wc4)d Ntlght)urt#MI Centre is a Regtslwed Chanty. The chaws prin1 8ddre8s can be found in th• Twstee5 Report.. 1.1 A¢¢ountln9 conv•ntlon The financial slatements h¥¥ ten PTwred in accordance wrth th• th•rtty'8 Igov•rning dowm•ntl, I Charities Acl 2011. FRS 102"The Fancal Reporting Standard apF4Kabkg in Ihe UK an¢J Reputylic of Ireland" fFRS 102.1 and lh• Chanties SORP "AccoLtrnting and Reporting by Charibes Stat•menl of Rtcomm•ndod Pr¥tal applible lo ¢hantws preparing Iheir accounts in accordance Ihe Financial Rporling Standard •pplie In th• UK and RepyW ol Ir•land IFRS 1021" leff•dr 1 J•nu•ry 20191. The Chanty Publ 8enefrt Enlity #i d•fined by FRS 102. Th• charrty ha$ t#k•n advanlage ol ihe prts¥rysion$ in ihe SORP ch•rtts rth io Pf•par• • Sl•l•m•nl of C•$h Flows. Thè financi•l sl•l•menl$ •r• prwred in slwl'ng. is the fundKMwI ¢UT•rtry of lh• chinty. Monot•ry •mounls in th•$• fin•n¢1 sl•t•m•nts are rounded to the n•¥est £. Th• financial slal•m•nls ale w8pared under Ihe his1Cl c05t Conven1K •rM1 in accordan¢• with 8pplIcae •c¢ounling $tandafds And th• Slal•m•nt ol R•cOMTh Prxkn on Actowthr¥J ty charrtws. 1.2 Golnq ¢on¢•m Al Ihe lim ol approking th• fina statements. Ihe trustees have a #S0nble expeclatron th•1 Ihe charfty has ¥d¢quot• r•sourc•s lo contmue 4)•ratla1 eslence for Ihe kneséeable fulur¢. Thus Ihe Iruste•s continue io •dopt cnc•rn b•M of Jco)unbng in pren0 the fm•rKMI Sts1•mlI. 1.3 Ch•rltsbl• fu• Unmtnct•d lund$ c•n b• uwl in •¢cordw0 wrfh Ihe dwrtable obJoctN•8 at the dlscrelion of the Iru8lees. Re$lfKl•d frjnds can 0Y be used lor partlaT tTted purposes wrth Ihe objects of lh• ch•illy. R••IrlOn1 wi8• when $p•ofi8d by Ihg donor hon fuThJs are raised for partKAAar restricled purpo898. Further expl•n•lwi ol th• n•tin •nd pwpose of each ILK1 18 indud•d in the notes lo Ihe finanixl Ilalernl9, 1A In¢oft All income is r•c4)9nis•d in the Stalement of Financ4al ActNrtS ¢)rKe the tharity has enlrf•menl lo the lunds, it 1$ wob•ll• thal th• in¢(ffi• wil b• r•c•i¥ed and Ihe amounl can be rnea8ur rel. 1.5 Exp•ndlturn 'abihlies afe recognised as expenditure as soon a5 the is a legal Of constru¢live oblvJalion c4mmilting Ihe thanty lo Ihat expenditur8, il is probable Ihal a Iransfer of economK benefrts will be required in t1mInt ¥nd Ihe amounl ol the obligation can be measured relsabty. Expendrture is accounled lof on an 8c¢w*s bo$1s and has been classified undei headings Ihal aggregate all cost related to that calegory. Ihh•re c¢$ls ¢annol be dlre¢lly attributed lo parti¢ular adl9$ Ihey have been knted lo acIMtS on a bays wth the use ol r•sour¢os.
HAROLD WOOD NEIGHBOURHOOD CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 AccounlSng polkl•• IContlnu•dl 1.1 Tanglbl• fix•d ••••ts Tangible fixed a$5ets are 1nrtlal measured al cosl and sub5equenUy measured at cost or valu•lion, nel of depreoatbon and any ry>alnI losses. Oepfeciatth is Provided al th• Ic4kMry annual rale5 in order lo wrrte off each as1 ov•r Is estsmled ugelul Fixlures and ffftings Improv•mtrnl to prope0¥ 25°A on reducing balance wn.tten off In Ihe year iwrrod 1.7 T•x•tlon The ¢harity18 •x•mpl from lax ¢h•nlatrk a¢bNilie$. Crttlc•l •ccountlng Mtlm•t•• and ludg•m•nts In the appli¢alion ol Iho ch8rity's acwunb'ng polici•s, th• trust••s are r•quw•d to m•ke iu¢Jgements. estimales •nd assumplions •boul th• urryin9 amount Of as18 and IMbthts thal ar• ffjodily apparent from Otr sour¢e$. Th• •$tim41•$ •nd a$sou¥led •ssumplKn$ are bavd on hi$lwl expenenu and oth•1 l•¢tors that Arè considèrod 10 b• rol•v4nl. Adu•S rosth Y drfler fr¢)m thtse •sb"males. Th• eslimatès and uThJ8rtying assumptKM)s are reM an ongoing basis. RISnI lo accounting oslimales ar• i•cognis•d in the pencrfl in the estimale 15 Te¥ised Wre lh• f•vfdlon ff•cts only thal p•riod. or in lh• of rnbvion peThxls f*hore the aff•¢ts both currMI and futur• P8riods. Pl•mb•r•hlp• •nd don•tlon• Unr••tri¢t•d Unrestrictod lund• lund3 2026 2024 Membership Rent & Do•d of Conant donatK Hirè charges. Cenire and Ik 3.195 4.127 33.6C(I 0.728 69.771 IrttM•nt• UnM•trkt•d Unr•stnct•d fvnd# lunds 2026 2024 Deposit inler•sl 372 359
HAROLD WOOD NEIGHBOURHOOD CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support ¢ts Support Govern•nce cmts costs 2025Support costs Govemane• costs 2024 Ind•p•nd•nl •xwm•t 3.240 3.240 3,030 3,030 3.240 3,240 3.030 3,030 An•lywl t••Th Charilable activNl 3.240 3.240 3,030 3,030 G0vemar¢ ¢osl$ includgs paymgnt$ to th• auditor5 of £3.240 I202& £3.0301 lor I• kn und•rt•king lh• Ind•p•nd•nt Examinalion. Tru•t••• Th• w8r• no Irusl••$' r•nwnerntKffl or olher bwfrt$ for the ytw errfled 31 Mard) 2025 nor lor th• •r •nded 31 M•i¢h 2024. M•n•g•m•nt Commltl•••' •xp•n A tolal of £2.89812024 - £2.7671 was r•imtwrs•d to ol th• m•rwg•m•nl ccffi)mrtl¢• dunng the y•r. Employm• Th• •¥r•g• mtythty rwmb•f of •Thyby••s durirg the year ¥rn5'. 2026 Numb•r 2024 Numb•r T¢l•l Th•r• w•r• no •mpbyws •rUl1 r•fflunerat was frre than £60.(KM). Taxtlo The charity Is •x•mpl from tax on mcome and gains fall9 wrthin sech'on 505 of the T8x•s Act 1988 or s•ctk 252 oflh• T•x•tionof Ch•rg•abl• Gains Acl 1992 to the exlenl ihal these aT• aPF4wd to rts th•nl•bl• obJ•d$.
HAROLD WOOD NEIGHBOURHOOD CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 T•nglbl• fi¥•d ••Mts FIXtu and Improv•m•nt fftllng• lo prop•rty Tot•1 Co•t At 1 Apfl 2024 46,427 647.994 694,421 AI 31 IAaf¢h 2025 46.427 647.994 694,421 D•pr•cl•tlon and Im11 Al 1 April 2024 D•pr•¢wlw thar9•¢J in the y••r 31.148 3.820 647.994 879.142 3.820 Al 31 Maich 2025 34.968 847,994 682.962 C•rrylng •mount Al 31 March 2025 11.459 At 31 March 2024 15.279 15.279 10 D•btor• 202S 2024 Amounts l•lllng du• wlthln on• y•ar. Otrr debtor$ 29.757 38,153 11 Cr•dblorn: •rnoun¢¥ l•lllng du• withln on• y•4r 2026 2024 10.450
HAR¢XD WOOO MEiaHeouRHOOD CENTRE IIOTe• TO THE FWUNCIALJTATEMENT8 IC014nNVEDI F(W Th8 YeAR ENO60 JI AIARCII a&aS g•w•ifur 7101 25XQ 522*7 401 1IW> 1•19) II•M7 11.•17 717 IIYJOl?I
HAROLD WOOD NEIGHBOURHOOD CENTRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 13 R•l•l•d p•ty tr•n••¢llon• Th•r• wern no dixk)Mbl• r•l•t•d party lrnnmc1iS dumg tm y••r (2024. nM•). 11