REGISTERED CHARITY NUMBER: 301438
TRUSTEES' REPORT AND
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
WITHAM COMMUNITY ASSOCIATION
THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ
WITHAM COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
|
|
Page |
|
Trustees' Report |
1 |
to |
3 |
Report of the Independent Auditors |
4 |
to |
6 |
Statement of Financial Activities |
|
7 |
|
Balance Sheet |
|
8 |
|
Notes to the Financial Statements |
9 |
to |
13 |
Detailed Statement of Financial Activities |
14 |
to |
15 |
WITHAM COMMUNITY ASSOCIATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The objects of the charity are:
"TopromotethebenefitofinhabitantsofWithaminparticularandthewiderareaofEssexingeneral(hereand after
called"areaofbenefit")withoutdistinctionofsexorpolitical,religiousorotheropinionsbyassociatingwith local
authorities,voluntaryorganisationsandinhabitantsinacommonefforttoadvanceeducationandtoprovide facilities
intheinterestofsocialwelfareforrecreationandleisuretimeoccupationwiththeobjectofimprovingthe conditions
of life for the said inhabitants".
"Toestablishorsecuretheestablishmentofacommunitycentre(hereandaftercalledthe"centre")andto maintain
andmanage,ortoco-operatewithanylocalstatutoryauthorityinmaintenanceandmanagementofsuchacentre for
activities promoted by the association and its constituent bodies in furtherance of the above objects."
"To promote such other charitable purposes as may from time to time be determined."
In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit.
ThetrusteesconfirmthattheyhavehaddueregardtotheCharityCommission’sguidanceonpublicbenefit. During
theyearthecharityprovidedcommunityfacilities,includinghallhireandapreschool,forthebenefitoflocalpeople in
Witham and the surrounding area, thereby advancing education, recreation and social welfare for the public benefit.
ACHIEVEMENTS AND PERFORMANCE
Themainareasofcharitableactivityaretheprovisionofpre-schoolfacilitiesforchildrenandthesupport of
community activities.
The main achievement during the year has been to maintain the activities carried out at the Community Centre.
FINANCIAL REVIEW
Financial position and performance
Themanagementcommitteearecontinuingtoseektoreducecostsandmaximiseincome.Theaccountsshow a
surplus in the year of £71 (2024: £23,529 deficit).
Thesefinancialstatementsarepreparedonthegoingconcernbasisdespitethedeficitintotalfundsof £28,252
(2024:£28,323).Thisislargelyduetosignificantexpenditureintheprioryearonrefurbishmentand redecoration
and increased staff costs.
Thetrusteesbelievethatcostreductionsimplementedandongoingfundingreceivedfromthelocalcouncilwill result
in the deficit in funds being remedied in the future years.
TheresultsoftheCharity'stradingsubsidiaryarerecordedinnote7ofthesefinancialstatementswhichindicate that
subsidiaryundertakinghasabalancesheetdeficit.Thetrusteesarehopefulthatitsdeficitpositionwillberectified in
the coming years as the subsidiary has returned to profitability.
Reserves policy
Themanagementcommittee'saimsaretobuildreservesuptomaintainsufficientliquidbalancetocover6 months
unrestricted expenditure.
However,duetosignificantexpenditureandincreasedstaffcosts,ithasnotbeenpossibletomaintainthislevel of
reserves.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
Themanagementcommitteeareappointedatanannualgeneralmeetingtogetherwithhonoraryofficersfor the
positions of Chairman and Treasurer.
Organisational structure
The policy and general management of the affairs of the charity is the responsibility of the management committee.
Page 1
WITHAM COMMUNITY ASSOCIATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
Thetrusteesareexaminingthemajorstrategicbusinessandoperationalriskswhichtheircharityfacessothat the
necessary steps to mitigate these risks are taken.
TheTrusteesaresatisfiedthatrisksarebeingconsistentlyandeffectivelymanagedandmitigatedandconsider that
theresultantriskprofileisacceptableandappropriateinrelationtotheCharity'sobjectivesandresponsibilities. The
natureoftheserviceswhichtheCharityprovidestoserviceusers,andtheenvironmentwithinwhichthe charity
operates,meanthatwewillinevitablyfacerisksduetofactorsbeyondourcontrol.Wearewillingtotolerate higher
risks if they can be justified by the potential benefits for children and other service users.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
301438
Principal address
Powers Hall End
Witham
Essex
CM8 2HE
Trustees
T A Voice
P Ellis
D Jenkins
Auditors
THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ
Bankers
Lloyds Bank
77-81 High Street
Chelmsford
Essex
CM1 1DU
PLANS FOR FUTURE PERIODS
The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding.
TRUSTEES' RESPONSIBILITY STATEMENT
ThetrusteesareresponsibleforpreparingtheTrustees'Reportandthefinancialstatementsinaccordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charitylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyear.Underthatlaw,the trustees
haveelectedtopreparethefinancialstatementsinaccordancewithUnitedKingdomGenerallyAccepted Accounting
Practice (United Kingdom Accounting Standards and applicable law).
Undercharitylawthetrusteesmustnotapprovethefinancialstatementsunlesstheyaresatisfiedthattheygive a
trueandfairviewofthestateofaffairsofthecharityandoftheincomingresourcesandapplicationof resources,
includingtheincomeandexpenditure,ofthecharityforthatperiod.Inpreparingthosefinancialstatements, the
trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Page 2
WITHAM COMMUNITY ASSOCIATIOII
TRusfEES' REPORT
FOR THE YEAR ENDED 31 MARCH 1025
TRUSTEES. RESPONSJBILrrY srATEMENT- ¢ontlnued
The trustees are responslble for keeping proper ¥eeountin9 rxorrls whl£h *Jlsdose with reasonèble acojracy at any
time the flnanaal positlor) of the chaty and to enable tD ensur? that the finanual statements corn¥ with the
Chartues Att 2011 and The Charity (Accounts and Repts) Regulauons 2008. They a also re5pons4ble for
safeguarding the 055ets of the charty and hen for tak(ng reasonalje steps for the preventitsn and detttuon of fr3ud
and other Irregularltles.
Appmved by order of the board of trustees on 19 January 2026 and slgned on its behalf by..
T A vol - Trustee
Pa9e 3
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WITHAM COMMUNITY ASSOCIATION
Opinion
WehaveauditedthefinancialstatementsofWithamCommunityAssociation(the'charity')fortheyear ended
31March2025whichcomprisetheStatementofFinancialActivities,theBalanceSheetandnotestothe financial
statements,includingasummaryofsignificantaccountingpolicies.Thefinancialreportingframeworkthathas been
appliedintheirpreparationisapplicablelawandUnitedKingdomAccountingStandards(UnitedKingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicable law.
OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditof the
financialstatementssectionofourreport.Weareindependentofthecharityinaccordancewiththe ethical
requirementsthatarerelevanttoourauditofthefinancialstatementsintheUK,includingtheFRC'sEthical Standard,
andwehavefulfilledourotherethicalresponsibilitiesinaccordancewiththeserequirements.Webelievethat the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisof accounting
in the preparation of the financial statements is appropriate.
Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoevents or
conditionsthat,individuallyorcollectively,maycastsignificantdoubtonthecharity'sabilitytocontinueasa going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedinthe relevant
sections of this report.
Other information
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincluded in
the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand, in
doingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsor our
knowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuch material
inconsistenciesorapparentmaterialmisstatements,wearerequiredtodeterminewhetherthisgivesrisetoa material
misstatementinthefinancialstatementsthemselves.If,basedontheworkwehaveperformed,weconclude that
thereisamaterialmisstatementofthisotherinformation,wearerequiredtoreportthatfact.Wehavenothing to
report in this regard.
Matters on which we are required to report by exception
WehavenothingtoreportinrespectofthefollowingmatterswheretheCharities(AccountsandReports) Regulations
2008 requires 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 and returns; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
AsexplainedmorefullyintheTrustees'ResponsibilitiesStatement,thetrusteesareresponsibleforthepreparation of
thefinancialstatementswhichgiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermine is
necessarytoenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherdue to
fraud or error.
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharity'sabilitytocontinueas a
goingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasis of
accountingunlessthetrusteeseitherintendtoliquidatethecharityortoceaseoperations,orhaveno realistic
alternative but to do so.
Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WITHAM COMMUNITY ASSOCIATION
Our responsibilities for the audit of the financial statements
WehavebeenappointedasauditorsunderSection144oftheCharitiesAct2011andreportinaccordancewith the
Act and relevant regulations made or having effect thereunder.
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from
materialmisstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthat includes
ouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconducted in
accordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarise from
fraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpected to
influence the economic decisions of users taken on the basis of these financial statements.
The extent to which the audit was considered capable of detecting irregularities including fraud
Ourapproachtoidentifyingandassessingtherisksofmaterialmisstatementinrespectofirregularities, including
fraud and non-compliance with laws and regulations, was as follows:
-theengagementpartnerensuredthattheengagementteamcollectivelyhadtheappropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
-weidentifiedthelawsandregulationsapplicabletotheCharitythroughdiscussionswithtrusteesand other
management, and from our knowledge and experience of the sector in which the Charity operates;
-wefocusedonspecificlawsandregulationswhichweconsideredmayhaveadirectmaterialeffectonthe financial
statementsortheoperationsoftheCharity,CharitiesActandSORPrequirements,GeneralData Protection
Regulations (GDPR), Safeguarding, Employment and Health and Safety legislation.
-weassessedtheextentofcompliancewiththelawsandregulationsidentifiedabovethroughmakingenquiries of
management and inspecting legal correspondence; and
WeassessedthesusceptibilityoftheCharity'sfinancialstatementstomaterialmisstatement,includingobtaining an
understanding of how fraud might occur, by:
-
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
-
actual, suspected and alleged fraud; and
-
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
-
performed analytical procedures to identify any unusual or unexpected relationships;
-
tested journal entries to identify unusual transactions;
-
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of
-
potential bias; and
-
investigated the rationale behind significant or unusual transactions.
Inresponsetotheriskofirregularitiesandnon-compliancewithlawsandregulations,wedesignedprocedures which
included, but were not limited to:
-
agreeing financial statement disclosures to underlying supporting documentation;
-
enquiring of management as to actual and potential litigation and claims; and
-
reviewing correspondence with the Charities Commission and any other relevant regulators as required.
Thereareinherentlimitationsinourauditproceduresdescribedabove.Themoreremovedthatlawsand regulations
arefromfinancialtransactions,thelesslikelyitisthatwewouldbecomeawareofnon-compliance.Auditing standards
alsolimittheauditproceduresrequiredtoidentifynon-compliancewithlawsandregulationstoenquiryofthe trustees
and other management and the inspection of regulatory and legal correspondence, if any.
Materialmisstatementsthatariseduetofraudcanbehardertodetectthanthosethatarisefromerrorasthey may
involve deliberate concealment or collusion.
Afurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedonthe Financial
ReportingCouncil'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReportof the
Independent Auditors.
Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WITHAM COMMUNITY ASSOCIATION
Use of our report
Thisreportismadesolelytothecharity'strustees,asabody,inaccordancewithPart4oftheCharities(Accounts and
Reports)Regulations2008.Ourauditworkhasbeenundertakensothatwemightstatetothecharity'strustees those
matterswearerequiredtostatetotheminanauditors'reportandfornootherpurpose.Tothefullest extent
permittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecharityandthe charity's
trustees as a body, for our audit work, for this report, or for the opinions we have formed.
THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ
19 January 2026
Page 6
WITHAM COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other charitable activities
2
Total
EXPENDITURE ON
Children's activities
Charitable activities
Generating funds
Charitable Activities
Governance
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
2025
Unrestricted
funds
£
15
224,833
224,848
86,226
-
128,425
10,126
224,777
71
(28,323)
(28,252) |
2024
Total
funds
£
115
222,652
222,767
79,524
-
155,347
11,425
246,296
(23,529)
(4,794)
(28,323) |
|
|
|
The notes form part of these financial statements
Page 7
BALANCE SHEET
31 MARCH 2025
2025
Unrestrlctsd
funds
2Q24
Total
ftjnds
FIXED ASSErs
Tangl assets
Investments
168
6,113
6,"169
6,114
Stocks
Debtor5
Cosh at bank and In hand
938
8.357
13,746
938
14,018
34,156
23,IHI
29,112
CREDITORS
Amounts tslllng due wthln one year
io
(30,609)
131,141)
14ET CURRE1 ASSEfs/(LIABZLITIES)
{7.568)
{2,029)
(1,399)
4.085
CREDITORS
Amounts falling due after nh)re than one year
li
{26053)
{32,408)
ASSETSi{LWllmES)
(2¢252)
{28,323}
FUNDS
UnSttted fijnds
13
(28,252}
{28,323)
TOTAL AJNDS
(¥252)
(28,3231
The finanaal 5tstements w¥e akvfDved ty the Bo¥d L Trus and authorld fty 6gJe on 19 January 2026 and
We tts behalf by:
T A V0- Tnstee
WITHAM COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and going concern
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention, with the exception of investments which are included at market value.
Thesefinancialstatementsarepreparedonthegoingconcernbasisdespitethedeficitintotalfunds of
£28,252(2024:£28,323).Thisislargelyduetosignificantexpenditureintheprioryearonrefurbishment and
redecoration and increased staff costs.
Thesearenotexpectedtobeanannualoccurrence.Thetrusteesbelievethatcostreductionsimplemented and
ongoing funding received from the local council will result in the deficit in funds being remedied in future.
Incoming resources
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds, it
is probable that the income will be received and the amount can be measured reliably.
Resources expended
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
Equipment and fixtures and fittings- 25% on reducing balance
Bar equipment and fittings- 10% on cost
Stocks
Stocksarevaluedatlowerofcostandsellingprice,aftermakingdueallowanceforobsoleteandslow moving
items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Hire purchase and leasing commitments
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightline basis
over the period of the lease.
Pension costs and other post-retirement benefits
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension
scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 9
WITHAM COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
2. OTHER CHARITABLE ACTIVITIES
3.
Hall hire
Vending machines
Fruit machines
Children's activities
Sundry income
Rents and recharges received from
subsidiary
Holiday playscheme
AUDITORS' REMUNERATION
Fees payable to the charity's auditors for the audit of the charity's financial
statements
Other non-audit services
Total fees payable |
2025
Unrestricted
funds
£
66,977
55
1,280
129,158
1,095
7,200
19,068
224,833
2025
£
2,900
1,950
4,850 |
2024
Total
funds
£
71,597
31
90
118,502
1,456
9,000
21,976 |
2024
Total
funds
£
71,597
31
90
118,502
1,456
9,000
21,976 |
|
|
222,652 |
|
|
|
2024
£
3,000
2,000
5,000 |
|
|
|
|
2,000 |
|
|
|
5,000 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norforthe year
ended 31 March 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2025norfortheyear ended
31 March 2024.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
|
2025 |
2024 |
Total staff |
16 |
15 |
No employees received emoluments in excess of £60,000.
continued...
Page 10
WITHAM COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
6. TANGIBLE FIXED ASSETS
COST
At 1 April 2024
Additions
Disposals
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
Eliminated on disposal
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
7.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2024 and 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024 |
Equipment
and
fixtures
and
fittings
£
115,170
37
(1,520)
113,687
111,776
860
(1,473)
111,163
2,524
3,394 |
Bar
equipment
and
fittings
£
32,814
1,305
-
34,119
30,095
380
-
30,475
3,644
2,719
I |
Totals
£
147,984
1,342
(1,520)
147,806
141,871
1,240
(1,473)
141,638
6,168
6,113
nvestments
£
1
1
1 |
|
|
|
|
|
|
|
|
|
|
|
nv |
There were no investment assets outside the UK.
Fixedassetinvestmentsrelatetocharity's100%ownershipofSpringLodgeCentreLimitedwhichisa trading
company. The results of Spring Lodge Centre Limited are as follows:
8.
|
2025
2024 |
2025
2024 |
|
£
£ |
|
Turnover |
52,009
49,625 |
|
Profit/(Loss) for the year |
1,316
(2,086) |
|
Aggregate capital and reserves |
(617)
(1,933) |
|
|
|
|
STOCKS
Stocks |
2025
£
938 |
2024
£
938 |
continued...
Page 11
WITHAM COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Amount owed by subsidiary
undertaking
Other debtors
VAT
Prepayments
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 12)
Deferred income
Trade creditors
Social security and other taxes
Accrued expenses
11.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 12)
12.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more than 5 years by instalments |
2025
£
5,590
1,325
-
552
890
8,357
2025
£
5,556
2,941
6,841
5,289
9,982
30,609
2025
£
26,853
2025
£
5,556
5,556
16,667
4,630 |
2024
£
6,515
662
125
783
5,933 |
|
|
14,018 |
|
|
2024
£
5,556
4,748
12,020
3,625
5,192 |
|
|
31,141 |
|
|
2024
£
32,408 |
|
|
2024
£
5,556 |
|
|
5,556 |
|
|
16,667 |
|
|
10,185 |
ThebankloanissupportedandsecuredbytheUKGovernment'sBounceBackLoanScheme(BBLS). Interest
is charged at a fixed rate of 2.5% and the balance is repayable over 120 months from inception.
13. MOVEMENT IN FUNDS
|
|
Net |
|
|
|
movement |
At |
|
At 1.4.24 |
in funds |
31.3.25 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
(28,323) |
71 |
(28,252) |
TOTAL FUNDS |
(28,323) |
71 |
(28,252) |
continued...
Page 12
WITHAM COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
224,848
224,848 |
Resources
expended
£
(224,777)
(224,777) |
Movement
in funds
£
71
71 |
|
|
|
|
Comparatives for movement in funds
|
|
Net |
|
|
|
movement |
At |
|
At 1.4.23 |
in funds |
31.3.24 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
(4,794) |
(23,529) |
(28,323) |
TOTAL FUNDS |
(4,794) |
(23,529) |
(28,323) |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
222,767
222,767 |
Resources
expended
£
(246,296)
(246,296) |
Movement
in funds
£
(23,529)
(23,529) |
|
|
|
|
14. RELATED PARTY DISCLOSURES
Duringtheyearthecharityreceivedrentof£7,200(2024:£7,800)fromthesubsidiaryundertakingfor the
use of charity premises.
Included in debtors is an amount due from the subsidiary undertaking of £1,325 (2024: £662).
15. LEASED PREMISES
ThepremisesatSpringLodgeisheldona50yearleasefromBraintreeDistrictCouncil,onayearlyrentof one
peppercorn (if demanded).
Page 13
WITHAM COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other charitable activities
Hall hire
Vending machines
Fruit machines
Children's activities
Sundry income
Rents and recharges received from subsidiary
Holiday playscheme
Total incoming resources
EXPENDITURE
Children's activities
Staff costs
Social security
Pensions
Events
Purchases and sunday market
Consumables and provisions
Charitable activities
Wages
Social security
Equipment rental
Rates and water
Insurance
Light and heat
Telephone
Printing, postage ,stationery and computer costs
Sundries
Staff welfare
Trade waste fees
Cleaning materials
Repairs and renewals
Service contracts
Travelling
Licences
Bank charges
Legal and professional
Depn of equipment and fixtures
Depn of bar equipment and fittings
Loss on sale of tangible fixed assets
Financial costs- VAT
Other interest
Support costs
Governance costs
Auditors' remuneration
Carried forward |
2025
£
15
66,977
55
1,280
129,158
1,095
7,200
19,068
224,833
224,848
80,898
1,195
2,295
400
346
1,092
86,226
67,633
999
542
2,412
10,144
20,867
4,363
5,024
221
129
2,414
1,248
3,659
4,017
-
936
676
476
860
380
47
5,769
885
133,701
2,900
2,900 |
2024
£
115
71,597
31
90
118,502
1,456
9,000
21,976
222,652
222,767
74,295
1,019
2,277
-
344
1,589
79,524
72,413
989
1,497
2,314
9,282
30,851
5,077
4,625
409
118
2,223
1,579
16,678
4,071
14
418
(1,609)
401
1,225
286
270
7,610
1,031
161,772
3,000
3,000 |
|
|
|
This page does not form part of the statutory financial statements
Page 14
WITHAM COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
Governance costs
Brought forward
Auditors' remuneration for non audit work
Total resources expended
Net income/(expenditure) |
2025
£
2,900
1,950
4,850
224,777
71 |
2024
£
3,000
2,000
5,000
246,296
(23,529) |
|
|
|
This page does not form part of the statutory financial statements
Page 15