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 Pol￿￿9 set out in not• 110 th•
financ￿1 stalemfrnts and c4>mpty with the clwity'5 90￿MIng 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￿ FI￿r￿lI 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•rf0m￿n¢•
D•v•lopm•n( Actlvltl•• •nd Aehl•¥•m•nts
To promote the b•n*frt of the Inhabrtanls of the Haiold Wood Neighlx*urhood Cefilrtr •nd Ihe Neighbourhood
wrfhoul dislindion of set or tsl polrtical. religious or other opin￿n5 by asSQCiaiiNJ the hxal aUthor￿'•s. voluntsry
organisations and Inhabitan13 in 8 common effort lo a0￿￿nce educab.on and so pro¥￿e laaht￿$ in th• int•r•$t ol
Bocial wellar8 fof r•creationg1 and kniBufe lime occupation5 vmh the ityct of impromng th• condrfions of lo
the Sa￿ inhabilanll.
Fln*n¢l*l rnwl•w
The ¢•nlf•'s in¢om• from all jourus hos deue4$•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• c*ntre's finanual p01rt￿ rem•ins Jwnd.
We are managing to m8inlain our Income frorn our regular ￿￿e(s. the C￿tra to r*w 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•$t
èpprovtd by the Tw8i•tssM•n4off*ni Committee 17th M•rth 2CQ9.
Th• C•ntr• w•s IC￿m•d to ￿•￿1 the resmlents by the pT(Y¥1S￿ of fa(4rtM for *x4al. r•u••lK)nal •nd
Isur• acti￿￿.•8. wrthoui di1crwn1natK￿ on tho basis of sex or t￿bI￿al. Tel￿K)uS or other b•liel$.
Th•r• * an Exe¢ulN• Crrfnrn￿1e •l•¢t•d by th• M•n•9•rr*N Commbtte• Ih•l meets 6 lim•• • y•ar. Th•
M•n•g•n*nt CoM￿tt•*
Chairman and Member5hp s￿•t•ry..
Hon. Treasuroi.
Hon. s￿¥t8ry and L•ttings'.
'J. GU￿
"E. Tayknr
'B. Fleet
M•m￿l*.
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
Gtsb￿ns 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.
RMpon*lblllll•• and b••ls ol r•port
AS Ihtr truste•$ ol th• Chaity you afe r•sponsh)le for the preparat￿Th 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 slaleff*nis 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 pre￿ring 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 b￿n 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$. or
th• finan¢ial itat•m•nts do r)ot comply wrlh Ihe appluble requirements conc•ming th• form and conlenl
of 8ccounts Ml out In Ihe Ch¥(rt￿5 IA¢¢oLm¢$ #nd Rep)rtsl Regl￿at￿nS 2008 other th•n any r•quiremenl
Ihai the •¢¢tyJnls gMI 4 •nd f•ir • matt•r consi*Yer•d •$ p•n ol In independent
exaryuna1￿0.
I ha￿ fy) cor￿M8 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$5
359
Totsl Incom•
1C6.938
118.814
•n
Provision ol ¢ènlr•
130.047
103.698
N•t l•xp•ndltur•llln¢om• lor th• y••rf
N•1 mov•m•nt In fund•
123.1091
15.116
Fund b8laneAs al 1 Aprll 2024
92.717
77,801
Fund b•l•n¢M •131 M*r¢h 2Q25
92,717
The s1ol•m•nt of fin*n¢K•l athvllws md4vJ•s •1 gain$ 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 prin￿￿1 8ddre8s can be found in
th• Twstee5 Report..
1.1 A¢¢ountln9 conv•ntlon
The financial slatements h¥¥* t￿en PTwred in accordance wrth th• th•rtty'8 Igov•rning dowm•ntl, I
Charities Acl 2011. FRS 102"The F￿anc￿al 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￿ appli￿ble lo ¢hantws preparing Iheir accounts in accordance Ihe Financial R*porling Standard
•ppli￿￿e 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•rtt*s 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•r*try 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 his1￿C￿l c05t Conven1K￿ •rM1 in accordan¢• with 8pplIca￿e
•c¢ounling $tandafds And th• Slal•m•nt ol R•cOMTh￿ Prxkn on Actowthr¥J ty charrtws.
1.2 Golnq ¢on¢•m
Al Ihe lim* ol approking th• fina￿ statements. Ihe trustees have a ￿#S0n￿ble expeclatron th•1 Ihe charfty
has ¥d¢quot• r•sourc•s lo contmue ￿ 4)•rat￿la1 e*slence for Ihe kneséeable fulur¢. Thus Ihe Iruste•s
continue io •dopt c*nc•rn b•M of Jco)unbng in pre￿n0 the fm•rKMI Sts1•m￿lI.
1.3 Ch•rltsbl• fu•
Unmtnct•d lund$ c•n b• uwl in •¢cordw￿0 wrfh Ihe dwrtable obJoctN•8 at the dlscrelion of the Iru8lees.
Re$lfKl•d frjnds can 0￿Y be used lor part￿laT ￿tT￿ted purposes wrth Ihe objects of lh• ch•illy. R••Ir￿lOn1
wi8• when $p•ofi8d by Ihg donor ￿ *hon fuThJs are raised for partKAAar restricled purpo898.
Further expl•n•lwi ol th• n•tin •nd pwpose of each ILK￿1 18 indud•d in the notes lo Ihe finanixl
Ilalern￿l9,
1A In¢oft
All income is r•c4)9nis•d in the Stalement of Financ4al ActNrt￿S ¢)rKe the tharity has enlrf•menl lo the lunds,
it 1$ 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 ￿t1￿mInt ¥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 ￿ad￿l9$ Ihey have been knted lo acIMt￿S 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$5ets are 1nrtlal￿ measured al cosl and sub5equenUy measured at cost or valu•lion, nel of
depreoatbon and any ry>al￿nI losses.
Oepfeciatth is Provided al th• Ic4kMry annual rale5 in order lo wrrte off each as￿1 ov•r Is estsm*led ugelul
Fixlures and ffftings
Improv•mtrnl to prope0¥
25°A on reducing balance
wn.tten off In Ihe year iwrrod
1.7 T•x•tlon
The ¢harity18 •x•mpl from lax ¢h•nlatrk a¢bNilie$.
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 as￿18 and IMbtht*s thal ar• ffjodily apparent from Ot￿r
sour¢e$. Th• •$tim41•$ •nd a$sou¥led •ssumplK*n$ 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 re**M￿ ￿ an ongoing basis. RI￿S￿nI lo accounting
oslimales ar• i•cognis•d in the pencrfl in the estimale 15 Te¥ised W￿re 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 Co￿nant donatK
Hirè charges. Cenire and ￿Ik
3.195
4.127
33.6C(I
0.728
69.771
I￿rttM•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 activN￿l
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••$' r•nwnerntKffl or olher bw*frt$ 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 •r￿Ul1 r•fflunerat￿ was fr￿re than £60.(KM).
Tax*tlo
The charity Is •x•mpl from tax on mcome and gains fall￿9 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 Im￿1￿*￿1
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.
Otr*r 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 lrnnmc1i￿S dumg tm y••r (2024. nM•).
11