OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

Company registration number: 02069107 Charity registration number: 00295829

CASTLEHAVEN COMMUNITY ASSOCIATION TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Hamilton Coopers Chartered Accountants 66 Earl Street Maidstone Kent ME14 1PS

Castlehaven Community Association Contents

Page
Reference and Administrative Details 1
Trustees' Report 2—5
Independent Auditor's Report 6—9
Statement of Financial Activities (including Income and Expenditure Account) 10
Comparative Statement of Financial Activities (including Income and Expenditure Account) 11
Statement of Financial Position 12—13
Statement of Cash Flows 14
Notes to the Statement of Cash Flows 15
Notes to the Financial Statements 16—24

Castlehaven Community Association Reference and Administrative Details For The Year Ended 31 March 2025

Trustees R Cheshire
B Fielding
D Jarman
C Nunn
A Bloemendaal
R Lewin
T Richards
D Vora
Charity Number 00295829
Company Number 02069107
Principal Address The Community Centre,
21 Castlehaven Road,
London,
England,
NW1 8RU
Registered Office The Community Centre, 21 Castlehaven Road
London
NW1 8RU
Accountants Hamilton Coopers
Chartered Accountants
66 Earl Street
Maidstone
Kent
ME14 1PS
Auditors Hamilton Coopers
66 Earl Street
Maidstone
ME14 1PS

Page 1

Castlehaven Community Association Company No. 02069107 Trustees' Report For The Year Ended 31 March 2025

The trustees present their report and the financial statements for the year ended 31 March 2025.

Objectives and Activities

Aims and Objectives

Castlehaven Community Association (CCA) aims and objectives are:

“To promote the benefit of the inhabitants of the London Borough of Camden without distinction of sex or of political, religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life of the said inhabitants.”

Public Benefit

CCA’s activities are underpinned by its commitment to equal opportunities. The Association addresses its aims by:

CCA has a clearly defined structure allowing CCA users and local residents to participate through an elected Board of Trustees. This governing body has responsibility for policy and overall management of CCA and all of its activities.

The day to day running and development of the Association is in the hands of the staff team led by the Community Association’s Chief Executive Officer.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Review of past activities and future plan

Review of Past Activities During Year Ending 31st March 2025

In serving the aims and objectives of the Association CCA has during this last year offered: -

Overall, this small but high profile, vibrant community association continues to develop and respond to the needs of residents.

...CONTINUED

Page 2

Castlehaven Community Association Trustees' Report (continued) For The Year Ended 31 March 2025

Review of past activities and future plan - continued

Plans for Year Beginning 1st April 2025

The Castlehaven Community Association plans to continue to offer the activities and services outlined above. In addition, the Association is currently exploring and developing: -

Financial Review

Financial Position

The statement of financial activities shows income for the year of £782,037 with expenditure of £ 830,682 leaving a deficit of £ 48,645 At the end of the year we carry forward a reserve of £748,815 of which £ 442,530 is unrestricted, £ 250,529 is designated for the expense and £ 55,756 is restricted to projects.

Reserves Policy

In line with Charity Commission recommendations the CCA Board of Trustees aims to achieve a 30% unrestricted reserve of annual turnover. With an annual turnover in the region of £782,000 per annum this equates to an unrestricted reserve in the region of £261,000. At this level, the Board of Trustees considers that, in the event of a significant drop in funding, the charity would be able to continue delivering services whilst replacement funding is sought, or the charity is wound up. At present the unrestricted and undesignated reserve is £693,000, which is in line with our target. The Board of Trustees is considering ways in which additional unrestricted funds may be raised.

Designated Funds

In recognition of expenditure committed, the CCA Board of Trustees has designated £ 250,529 which will be paid in the following year.

Risk Management

Risk Assessment

The Board of Trustees has conducted a review of major risks to which the charity may be exposed.

External Risks:

The significant external risk is that of funding. The Board of Trustees has developed a Reserves Policy to address any sudden withdrawal of core funding and is working towards implementing this fully as soon as possible. The Board of Trustees has developed a strategy that allows for diversification of funding for activities. As such, all projects are administered in a matrix system, funded as ‘standalone’ projects – should funding be withdrawn for any one project other CCA projects will continue unhindered.

...CONTINUED

Page 3

Castlehaven Community Association Trustees' Report (continued) For The Year Ended 31 March 2025

Risk Management - continued

Internal Risks:

Financial risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of service for all operational aspects of the charitable company. These procedures are consistently reviewed to ensure they continue to meet the needs of the charity.

The potential loss of key personnel is minimised by offering staff career enhancing training, health & wellbeing incentives, structured supervision, annual appraisal and paying the market value for their post.

Potential risks to clients and users are minimised by ensuring all staff and volunteers are regularly trained in safeguarding, GDPR, first aid, mental health first aid and health & safety. And they complete a Disclosure and Barring Service (DBS) check before working unsupervised with any children or vulnerable adults at risk.

Potential risk to Trustees is minimised by insurance cover.

Structure, Governance and Management

Governing Document

The Castlehaven Community Association Board of Trustees are all volunteers elected annually at a meeting open to all local residents. For logistical reasons there were two Board of Trustees during this accounting period.

Trustee Selection Methods

The governing documents of the Castlehaven Community Association requires 1/3 of the Board of Trustees to stand down each year. Standing down members may be nominated for re-election.

The Board of Trustees aims to recruit a minimum of 2 new members each year based on the identified skills gap of the Board &/or the experience of the recruit. All nominations are publicly elected at the Castlehaven Community Association’s Annual General Meeting (AGM).

No other person or body external to the charity is entitled to appoint one or more members to the Board of Trustees.

Induction and Training of Trustees

All new Trustees shall undergo a full induction delivered by the Castlehaven Chief Executive Officer &/or the Castlehaven Chair of the Board of Trustees. The induction will include the full completion of all paperwork as it relates to Companies House & the Charity Commission; a full and detailed explanation of financial recording, organisational structural chart, policies & procedures.

Key Management Remuneration

The Trustees consider the key management to be themselves, CEO, deputy CEO and Finance.

Other Information

Relationship between Funders and Committee Members

There is no known relationship between any funder and any member of our Board of Trustees.

Page 4

Castlehaven Community Association Trustees' Report (continued) For The Year Ended 31 March 2025

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Castlehaven Community Association for the purposes of company law) 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).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

Each of the persons who are trustees at the time when this trustees' report is approved has confirmed that:

Independent Auditors

The auditors, Hamilton Coopers, have indicated their willingness to continue in office and a resolution concerning their reappointment will be proposed at the Annual General Meeting.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Derek Edward Jarman (Nov 28, 2025 12:19:14 GMT)

D Jarman

Trustee Date

Page 5

Independent Auditor's Report to the Members of Castlehaven Community Association

Opinion

We have audited the financial statements of Castlehaven Community Association (the "charity") for the year ended 31 March 2025 which comprise the Statement of Financial Activities (including Income and Expenditure Account), Statement of Financial Position, Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 6

Independent Auditor's Report (continued) to the Members of Castlehaven Community Association

Matters on Which We Are Required to Report by Exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

the information given in the Trustees' Report is inconsistent in any material respect with the financial statements; or sufficient accounting records have not been kept; or

the financial statements are not in agreement with the accounting records or returns; or

we have not received all the information and explanations we require for our audit.

Responsibilities of Trustees

As explained more fully in the Trustees' Responsibilities Statement set out on page 2—5, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capability of the audit in detecting irregularities, including fraud

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks.

Based on our understanding of the company and industry, and through discussion with the management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to their permissions and requirements. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure and management bias in accounting estimates and judgmental areas of the financial statements such as accrued income.

Audit procedures performed by the engagement team included:

...CONTINUED

Page 7

Independent Auditor's Report (continued) to the Members of Castlehaven Community Association

Auditor's Responsibilities for the Audit of the Financial Statements - continued

There are inherent limitations in the audit procedures described above and the further removed non compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

...CONTINUED

Page 8

Independent Auditor's Report (continued) to the Members of Castlehaven Community Association

Auditor's Responsibilities for the Audit of the Financial Statements - continued

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases more when compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Hamilton Coopers

Date 28/Nov/25

Hamilton Coopers 66 Earl Street Maidstone ME14 1PS

Page 9

Castlehaven Community Association Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other trading activities
4
Investments
5
EXPENDITURE ON:
Raising funds
7
Charitable activities:
7
Charitable Activity
NET EXPENDITURE
Transfers between funds
17
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
17		 Unrestricted
funds
£
218,896
59,207
25,547		 Restricted
funds
£
478,387
-
-		 2025
Total
funds
£
697,283
59,207
25,547		 2024
Total
funds
£
735,560
38,025
25,339
303,650 478,387 782,037 798,924
1
(395,998)		 -
(434,684)		 1
(830,682)		 -
(925,838)
(395,997) (434,684) (830,681) (925,838)
(92,347)
16,865		 43,703
(16,865)		 (48,644)
-		 (126,914)
-
(75,482)
768,542		 26,838
28,918		 (48,644)
797,460		 (126,914)
924,374
693,060 55,756 748,816 797,460

The notes on pages 15 to 23 form part of these financial statements.

Page 10

Castlehaven Community Association Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other trading activities
4
Investments
5
EXPENDITURE ON:
Charitable activities:
7
Charitable Activity
NET (EXPENDITURE)/INCOME
Transfers between funds
17
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
17		 Unrestricted
funds
£
288,311
38,025
25,339		 Restricted
funds
£
447,249
-
-		 2024
Total
funds
£
735,560
38,025
25,339
351,675 447,249 798,924
(488,459) (437,379) (925,838)
(136,784)
18,439		 9,870
(18,439)		 (126,914)
-
(118,345)
886,887		 (8,569)
37,487		 (126,914)
924,374
768,542 28,918 797,460

The notes on pages 15 to 23 form part of these financial statements.

Page 11

Castlehaven Community Association Statement of Financial Position As At 31 March 2025

Notes
FIXED ASSETS
Tangible Assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
Creditors: Amounts Falling Due Within One Year
14
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS OF THE CHARITY
Restricted Funds
Unrestricted Funds
TOTAL FUNDS
17		 Unrestricted
funds
£
102,135		 Restricted
funds
£
-		 2025
Total
funds
£
102,135		 2024
Total
funds
£
127,669
102,135
779,898
398,155		 -
-
55,756		 102,135
779,898
453,911		 127,669
649,227
402,526
1,178,053
(587,128)		 55,756
-		 1,233,809
(587,128)		 1,051,753
(381,962)
590,925 55,756 646,681 669,791
693,060 55,756 748,816 797,460
693,060 55,756 748,816 797,460
55,756
693,060		 28,918
768,542
748,816 797,460

Page 12

Castlehaven Community Association Statement of Financial Position (continued) As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Derek Edward Jarman (Nov 28, 2025 12:19:14 GMT)

D Jarman

Trustee Date

The notes on pages 15 to 23 form part of these financial statements.

Page 13

Castlehaven Community Association Statement of Cash Flows For The Year Ended 31 March 2025

Notes
Cash flows from operating activities
Net cash generated from/(used in) operations
1
Net cash generated from/(used in) operating activities
Cash flows from investing activities
Interest received
Increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
2
Cash and cash equivalents at end of year
2		 2025
£
25,838
25,838
25,547
51,385
402,526
453,911		 2024
£
(438,695)
(438,695)
25,339
(413,356)
815,882
402,526

Page 14

Castlehaven Community Association Notes to the Statement of Cash Flows For The Year Ended 31 March 2025

1. Reconciliation of expenditure to cash generated from/(used in) operations

.
Reconciliation of expenditure to cash generated from/(used in) operations
Net expenditure
Adjustments for:
Interest income
Depreciation of tangible assets
Movements in working capital:
Decrease in trade and other debtors
Decrease in trade and other creditors
Net cash generated from/(used in) operations		 2025
£
(48,644)
(25,547)
25,534
80,483
(5,988)
25,838		 2024
£
(126,914)
(25,339)
25,533
68,999
(380,974)
(438,695)

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

2025
£
Cash at bank and in hand
453,911
3.
Analysis of changes in net funds
As at 1 April
2024
Cash flows
£
£
Cash at bank and in hand
402,526
51,385		 2024
£
402,526
As at 31
March 2025
£
453,911

Page 15

Castlehaven Community Association Notes to the Financial Statements For The Year Ended 31 March 2025

1. General Information

Castlehaven Community Association is a company limited by guarantee, incorporated in England & Wales, registered number 02069107 and registered charity number 00295829. The registered office is The Community Centre, 21 Castlehaven Road, London, NW1 8RU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Fund Accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Association's work or for specific projects being undertaken by the Association.

2.3. Incoming Resources

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants

It is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income from charitable activities includes primary purpose trading

Income from charitable activities includes primary purpose trading, income earned both from the supply of goods or services under contractual arrangements or grant agreements, which have conditions that specify the provision of particular goods or services to be provided and undertaken for the charitable purposes of the charity.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Page 16

Castlehaven Community Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

2.4. Resources Expended

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support HCA's programmes and activities. The basis, on which support costs have been allocated are set out in the notes.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold 25% per annum, reducing balance method Plant & Machinery 25% reducing balance method

2.6. Investments

The charitable company controls Castlehaven Community Enterprise Limited by virute of the provisions of Companies Act 2006 which is registered in England. The subsidiary is used for non-primary purpose trading activities. Available profits are gift aided to the charitable company.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

Page 17

Castlehaven Community Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

2.8. Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

3. Income from Donations and Legacies

Donations and gifts
Grants
Donations and gifts
Grants		 Unrestricted
funds
£
217,896
1,000		 Restricted
funds
£
-
478,387		 2025
Total
funds
£
217,896
479,387
218,896 478,387 697,283
Unrestricted
funds
£
284,856
3,455		 Restricted
funds
£
-
447,249		 2024
Total
funds
£
284,856
450,704
288,311 447,249 735,560

4. Income from Other Trading Activities

4.
Income from Other Trading Activities
Food Bank
Premises Hire
5.
Investment Income
Bank interest receivable		 2025
Unrestricted
funds
£
14,984
44,223		 2024
Unrestricted
funds
£
7,032
30,993
59,207 38,025
2025
Unrestricted
funds
£
25,547		 2024
Unrestricted
funds
£
25,339

Page 18

Castlehaven Community Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

6. Net Income/(Expenditure)

The net expenditure is stated after charging/(crediting):

Depreciation of tangible fixed assets - owned

2025 2024
£ £
25,534 25,533

7. Analysis of Expenditure

Raising funds
Charitable Activity
Charitable Activity
8.
Support Costs
Governance costs
Employee costs
General administration		 Activities
undertaken
directly
£
(1)
827,082		 Support costs
(see note 8)
£
-
3,600		 2025
Total
£
(1)
830,682
827,081 3,600 830,681
Activities
undertaken
directly
£
261,557		 Support costs
(see note 8)
£
664,281		 2024
Total
£
925,838
2025
Charitable
Activity
£
3,600
2024
Charitable
Activity
£
580,911
83,370
664,281

Page 19

Castlehaven Community Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

9. Auditor's Remuneration

Remuneration received by the charitable company's auditors and their associates during the year was as follows:

2025 2024
£ £
Audit Services
Audit of the company's financial statements 3,600 3,600

10. Staff Costs

Staff costs were as follows:

Wages and salaries
Social security costs
Other pension costs		 2025
£
404,496
34,000
9,416
447,912		 2024
£
538,393
33,665
8,853
580,911

The number of employees whose employee benefits (excluding employer pension costs) for the reporting period exceeded £60,000 was:

£60,000 to £69,999
1.
Average Number of Employees
Average number of employees during the year was: 17 (2024: 16)
2.
Tangible Assets
Cost
As at 1 April 2024
As at 31 March 2025
Depreciation
As at 1 April 2024
Provided during the period
As at 31 March 2025		 Land &
Property
Freehold
£
255,337		 2025
1
Plant &
Machinery
£
11,909
255,337 11,909
127,668
25,534		 11,909
-
153,202 11,909

11. Average Number of Employees

Average number of employees during the year was: 17 (2024: 16)

12. Tangible Assets

Page 20

Castlehaven Community Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025
As at 1 April 2024
13.
Debtors
Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Due after more than one year
Amounts owed by group undertakings
14.
Creditors: Amounts Falling Due Within One Year
Trade creditors
Other creditors
Taxation and social security
Accruals and deferred income		 102,135 102,135 - 102,135
127,669 - 127,669
2025
£
8,290
722,942
666
731,898
48,000
779,898
2025
£
16,852
18,291
-
551,985
587,128		 2024
£
15,197
584,880
1,150
601,227
48,000
649,227
2024
£
30,221
500
10,410
340,831
381,962

15. Deferred Income

Deferred income movements in the year were as follows:

Balance at the start of the period
Income deferred in the current period
Amounts released in income from previous periods
Balance at the end of the period		 2025
£
340,831
551,985
(340,831)		 2024
£
378,025
340,831
(378,025)
551,985 340,831

The deferrals included in creditors relate to those grants and donations specified by the donors as relating to specific periods and represent those parts of the grants or donations which relate to periods subsequent to the accounting year end, and are treated as grants in advance, or alternatively where there are conditions which must be fulfilled prior to entitlement or use of the grant or donation by the charity .

Page 21

Castlehaven Community Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

16. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £9,416 (2024: £8,853).

At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors.

17. Movement in Funds

Unrestricted funds
General:
General unrestricted fund
Designated:
Designated Funds
Total unrestricted funds
Restricted funds
Age Activity
Active 8
Food Bank
Health Haven
Core - Restricted
Environment project
Total restricted funds
Total funds
Unrestricted funds
General:
General unrestricted fund		 As at 1 April
2024
£
492,479
276,063		 Income
£
303,650
-		 Expenditure
£
(370,463)
(25,534)		 Transfers
£
16,865
-
768,542 303,650 (395,997) 16,865
8,410
754
-
549
-
19,205		 33,000
61,112
14,583
113,785
132,757
123,150		 (41,410)
(58,685)
(2,469)
(95,314)
(127,673)
(109,133)		 -
(3,181)
-
(5,124)
-
(8,560)
28,918 478,387 (434,684) (16,865)
797,460 782,037 (830,681) -
As at 1 April
2023
£
651,243		 Income
£
351,675		 Expenditure
£
(462,925)

Page 22

Castlehaven Community Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

Designated:
Designated Funds
Total unrestricted funds
Restricted funds
Age Activity
Active 8
Food Bank
Health Haven
Core - Restricted
Environment project
Total restricted funds
Total funds		 235,644 - (25,534) 65,953 276,063
886,887 351,675 (488,459) 18,439 768,542
-
1,647
3,924
4,779
19,509
7,628		 41,827
69,420
-
96,294
81,755
157,953		 (33,417)
(67,132)
(3,924)
(92,751)
(101,264)
(138,891)		 -
(3,181)
-
(7,773)
-
(7,485)		 8,410
754
-
549
-
19,205
37,487 447,249 (437,379) (18,439) 28,918
924,374 798,924 (925,838) - 797,460

18. Transactions with Trustees

No trustee expenses have been incurred.

19. Related Party Disclosures

The Trustees consider the key management to be themselves, CEO, deputy CEO and Finance manager. Remuneration paid to key management was £111,498 (2024: £142738).

20. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

21. Subsidiary undertaking

The charitable company controls Castlehaven Community Enterprise Limited by virute of the provisions of Companies Act 2006 which is registered in England. The subsidiary is used for non-primary purpose trading activities.

Available profits are gift aided to the charitable company. A summary of the results of the subsidiary is shown below:

Page 23

Castlehaven Community Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

2025 2024
£ £
Profiit/(Loss) on ordinary activities 168,094 121,579
Aggregate of the assets, liabilities and funds 0 0

Page 24