BEDWELL COMMUNITY ASSOCIATION
Registered Charity No. 302332
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED
31ST MARCH 2025

BEDWELL COMMUNrrY ASSOCIATION
INDEX
For the year ended 31° Marth 2025
Pkge
Trustees Annual Report
Reference and Administration
Structure, Governanr£ aod Management
Objectives
Activities. pro￿esS and Achievements
Financial Review
Reserves Policy
Independent Examiners Report
Statement of Financial Aclivitie$ (SOFA)
Balance Sheet
Statement of CAsh flow
Notes to the Accounts
9-18

BEDWELL COMMUNITY ASSOCIATION
Trnstees Annual Report Contitiued
For the year ended 31" Mareh 2025
REFERENCE AND ADMINISTRATJON
Name of Charlty:
BEDWEIL COMPAUNITY ASSOCIATION
Registe1￿ Charlty No:
302332
Governing Document:
Constitution dafyj 17th May 1999
Principal Office:
Bedwell Community Association
Cres(¥)L Stevenas< Herts. SGI INA
Tru8tees:
Elaine Connolly
Philip Smith
Marie King
Ann MeldrLm
Jenny O'sullivan
Stuart Mylrea
Lisa Luker
Sharon l)oh
Daren Hollis
Chairman (Resigned 12111124)
Vice Chairnwn
Treasurer (Re5ign¢d 12111124)
(Rtt51gn￿ 09101125)
Banker&'
Lloyds TSB Bank Pl¢
Sievena8e Town Square
3 The Town Square
Stevenage
Httts. SGI IBG
Independemt E18miner:
Jane M E Seymour
Orchard Villa
2B Regent Street
Stotfold
Hitchin
Huts. SG5 4ED
Page I

BEDWELL COMMUNITY ASSOCIATION
Trnstees Annual Report Continued
Foi. the year ended 31" Mareb 2025
The Management Committee present their report for the year ended 31. March 2025.
STRucfiJRE, GOVERNANCE AND MANAGEMENT
The Charity i8 an unincwated organization whith As govern￿ by a constitution datd 17th
May 1999.
The Honorary OIYi¢ers and up to eiglll r¢prtsentatives of affiliation organisatsons and other user
sroups are ele¢ted or appointed on an annual Eosis al the Annual General Meeting. in the event
of a vacancy occurring the Committee can co￿pt a replacement until the next Annual General
Meeting. The committee shall also include one representstive from Stevawge Borough Council.
Inth'viduals and one repra8entstive w alTiliat&4 group shall have the right to vote at the AGM
The trustees are elected OT appointal on an annual b&8is at the Annual Gen￿al Meetin& which is
held between June and July.
OWECnVES
In setting the charity's obj￿tiveS and planning its aims and objectives and future activities the
Trustees have given consideratii)n lo the Charity Commission's genual guidance on public
benefit The main aims and objectives of the charity are..
To promot¢ the benefit of the inhabitants of Balwell Stevenag4 without dists'nction of sex or of
political, religious or other opinions by associating the local authoriti¢& voluntary or8anis8tions
and inhabilants in a common effc(t io advance thcation and to provide facilities in the intffe5ts
of social welfare for recreats'on and leisure-lime ￿CUpation with the object of improving the
conditions of life fc¢ the said inhabtlants.
To maintain and mana8¢ the Bedwell c￿tre and encourage its by the Community for the
pursuit of common interests of a sc¢ial. educational and recreational kind.
The Association SI￿11 k non-FMty in politi￿ and non-sectarlan iti religio
ACTivifiES, PROGRESS AND ACHtEVEMEI￿S
The Community Centre have finished the 3 year of The Multrply ProjeLt (with Steps2skills),
there is no future to the proj￿ that ended 31" Mar¢h 2025. This helped bring more p￿pIt
in using our Hub and Wam Spwx Faciliti¢5. Our warni SF￿ communty (afé will continue to
We continu¢ to have our Warm s￿¢¢ Room in the Community c￿tre one mornings a week and
have extended the time to in¢lude a light lunch. This provided a warm space for p￿pIe to come
and sit in. enjoy hot drinks etc.
Page 2

BEDWELL COMMUNITY ASSOCIATION
Trnstees Annual Report Continued
For the year ended 31° March 2025
ACTIvrriES, PROGRESS AND AcHIEvEM￿s co￿NNuED
Funding for our exercise ela&s has ¢ndoJ but we continue to operate this without the fvnding.
We had a very succwful BedwEII Fun D8y during August when we put on free activities for
families in our area, with user groups having stall$ to promok their activities. This was a great
day with over pwple atto)din
In October we had ow Annual Children's Halloweth Disco with over ICQ people attffldin&
We have had a 8ood year with ow rentals, with The Communtty Centre b¢in8 busy and at
approx. 8(P/o capacity. Saturday Evenin8 Functio￿8 have Increas￿ from the previo￿ year, but
we Slill have availability to host more.
The Sunbeams Pr￿School meet at the Community Centre and continue to provtde a gcrfjd service
for the children in our area. The Parent & Toddler group is goin8 well we secured funding for it
to rLm for another year. We continue to have lots of health provid¢rs hiring out our rooms for
diabetic group training.
The Communlty Centre is hired out to atTlliat￿ groups such as Sunbeams Pre School, Guide
Shop, Table Tennis. War8aming, The Irish Network and Keep fAI group5 etc.. The Cthtre also
lets out rooms lo other organisations such as Lt8hthouse Church. Bethel Fellowshlp Churc
Molly Vickers School of Dan¢in& Diet & Fitness Clubs. Kumon & Magikats (Maths & English
tuition). martial arts groups eta We also have Stw2skills renting a room out in the cornmunity
centre who offer lots of different courses for adults.
We have a chiropody service at the centre twi￿ a month, when people can make gn appointsnenL
We also hire the halls f¢x weddin8& birthday p*rties and Oth￿ ocusions.
The OtTice continuas to offer a phot(￿pyIng service to our groups and residents.
We Coniinue to look at Ways in which we (an attract new groups to let our haIl￿r$)0mS to and
thus provide more diverse skills and artivities to th¢ local people although are prime ts'me slots
are fully IM)oked.
We plan to ￿titinue offering the service5 we offer at the standard that is expecte￿ we will look
for further projects to aid in what we Lan offer and also look at fundll]g to put on activity￿ for the
IoL*I and surrounding community.
Page 3

BEDWELL COMMUNITY ASSOCIATION
Trustees Annual Report Continued
For the yeAr ended 31° MAr¢h 202S
The net resvlt of this for the financial year end 31° March 2025 is a surplus of £ 19.2(M) (2024..
£36.810.
The enclosed finattGial ststemalt sho￿% the ¢urrert stat¢ of the finances, whi¢h the Mana8ement
Committee considers to be fwr. Careful monitorin8 has been ￿￿led out to ensure the
Association ￿ntinu￿ to operate efficiently for the o)mmunity of Bedwell.
Reserv
ReserYe$ must be kept at a reasonable level in relation to the overall turnover of the
oi'%anigation - per the Couneil's policy on reseryes of voluntary organuation8 applylng for
funding.
For th¢ financial good health of the Centre and ￿ sustainability of the organisation we deem it
prudent to keep reserves of not less than three month's operats'n8 costs. Unfortunatsly. due to
deficit core grant fundin8 for several years, we have been unable to build up the required
balance.
Free reserves are currently held at £75,969
The estimate for the designated reserv4 to covu stsff redundancy payments and winding up
costs are £27,375. this calculation does not include redundancy payments for Staff that have not
worked for the organisation for rnc￿ than two y￿r$. It is bAwJ on current payment levels. It is
based on the assumption that any legal eMts incurred in the Closure of the Centre would be met
directly by Stev¢nage Borough Council.
Approved by the Trustees on IP July 2025 and Sign￿ OD their beh￿r by:
P8ge 4

BEDWELL COMMUNrrY ASSOCIATION
Independffit Examiner8 Report
For the year ended 31° March 2025
I report on the accounts for the year 31° March 2025. whith are set out on page5 6
to 18.
Respective rnponsibilities of trustees and examiner
The chan'ly's trustees are re5p)nsible for the preparation of the ar￿)unts. The charity's
trustees eA)nsider that an audtt is n¢X required for this year under section 144(2) of the
Charitses Act 2011 (the 2011 Act) and that an indet*ndent exaMi￿tion is neaed.
It is my responsibility to..
examine the a¢￿Unts under seoion 145 of the 2011 Act
to follow the procedures Iaid down in the ￿￿traI Directions given by the Charity
Commission under section 145(5)(b) of the 2011 A¢t'. and
whether particular mattws have ¢ome to my attention.
B￿1# of independ(￿t ￿aMiner'S report
My examination w&8 carria out in accordance with the Gtsleral DI[￿tionS 81V￿ by the
Charity Commission. An examination includes a review of the accouniing reKords kept
by the charity and a Gomparison of the aLKounts presented with those rewrds. It also
includes consideration of any unusual items or disclosures in the accounts, and seeking
explanations from you AS trustees conc¢rnin8 any su¢h matters. The PTocedure5
undertaken do not provide all the evidence that would be rquired in an audit and
consequently no ¢)pinion is given to whether the accounts presmt a 'true and fair view,
and the report is limited to those matters set out In the ststement below.
Independent examiner's statement
In connection with my ex8minatiotL no matter has ￿rne to my attention..
(l) which gives me rwonable ￿uSe to believe that in any material respect the
requirements
- to keep accountin8 records in accordance with section 130 of the 2011 A¢ and
- to prepare accounts whirh accord with the arxountin8 records and comply with
the accouniing requir&nents of the 2011 Act and FRS 102
have not been met,. or
(2) to which, in my opinion, attention should be drawn in ordtt to enable a proper
understandin8 of the accounts to be rearthed
JaneMES
mou
Community Accountffii
Orchard Vil]8, 2B Regent Street
Stotfold, Hitchin
Herts. SG5 4ED
Dated.. 15 July 2025
Page 5

BEDWELL COMMUNrrY ASSOCIA TION
STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31ST MARCH 2025
Notes
2025
Total
Funds
2024
Total
Fund5
Unrestricted Restricted
Funds
Fundy
Intome from:
Donations and legacies
Charitable Activities
Other Trading activities
Investments
Other
Total Income
228
139,520
1.959
759
55.030
55.258
139,520
1,959
759
5.000
202,496
62,259
136,557
2,472
561
5.000
206,849
147,466
55,030
Expenditure on:
Raising Funds
Charitable Activities
Total resourees expended
537
128,683
129220
537
182,759
183296
54,076
54,076
170,039
170,039
Net incominFJ (expenditure)
18346
954
19,21)0
36,810
Transfers between funds
Net Movement in Fund$
18346
954
19,200
36,810
Toial Funds brou8ht forward
58,489
13,468
71.957
35,147
Total fundy carried forward
16
76,735
14,422
91,157
71,957
Page 6

BEDWELL COMfvtUliJTY ASSOCJATION
BALANCE SHEET AS AT 31ST MARCH 2025
Notes
2023
2024
Fixed Assets
Tangible fixed assets
io
2,083
2,796
Current Assets
Debtors & prepayrnents
Cash at bank and in hand
Tot￿ Current Assets
6.236
96.390
102,626
19,425
58.329
77,754
Creditors.. Amount5 fallin8 due
within one year
12
13.552
8,593
Net Current Assets
89,074
69,161
Net A88ets
91,157
71.957
Funds of the Charity
Unrestrirted fjjnds
Restricted funds
Total Funds
76,735
14,422
91,157
58.489
13,468
71.957
15
Approv
d by the Trustees on 15th July 2025 and signed on their behatf by..
The notes on p
es 9 to 18 forn] part of these accounts
Pa8e 7

BEDWELL COMMUNITY ASSOCIATION
STATEMENT OF CASH FLOW AS AT 31 MARCH 2025
Note 2025
2024
Cash flows from operating activities..
Net cashprovidedby (usediii) operaling aclivilies
Cash flows from capital expenditure & investing 4¢tivities.'
Dividends. interest and rents from investments
Purchase of propety, plant and equipment
Nei caghprovided by (used in) investing activities
J8 37,302
18,288
759
561
759
501
Nel 0￿hprowded by (xsed In)financlng activilies
Chang¢ in cash arnl cash ¢quiwlenls in ilw re￿ng￿n(￿l
Cash and cash equivalent$ at the beginning of the reporting period
Change in cash and cash equivalents due to exchange rnte movements
Cash athl¢ash equivalenls ai ihe endollhe rep0riliig￿￿¢
38,061
58,329
18,849
39.480
96.390
58,329
Page 8

BEDWELL commuN￿y ASSOCIATION
NOTES TO THE ACCOUNTS
ror the year ended 31st March 2025
I ACCOUNTING POLICIES
Basis of preparation
These Accounts have been prepared under the historical cost convention and in accordance with
applicable accountin8 Standards and the Statement of Recommended Practice on Ac¢ountKtTr8 by
Charities (SORP 2015 restated where applicable) and in compliance with the Charities Act 2011.
Depreciation polley
Tan8ible fixed assets are depreciated over the estimatol useful economic lives. The depreciation
rate currently in use for all fixed Assets held for use by the charity is 250/• on the redu¢in8 balance.
Fund YdCCOUttting
Funds held by the charity are either:
Unreslri¢ledgeneralfiind
These Are fvnds which can be used in a¢wrdance with th¢ charitable obje¢tives at the di$￿et10n of
the trustees.
Designaledfvpxls
These are funds set aside by th¢ trustees out of unrestrided 8¢neral funds for spe¢ifie future
purposes or projects.
ReJlrictedfiind.¥
charity Restrictions arise when Specifi￿ by the donor or when fijnds ar¢ raised for particular
restricted purposes.
Resource5 Expended
Resources expended are included in the Statement of Financial Activities on an accruals basis,
inclusive of any VAT which camiot be rewvered.
Incoming Resources
amount is measurable. Income is accounted for on a receivable basis, except for hall deposits that
relate to bookings in a future accountin8 periol the income is deferred until those periods.
Pa8e 9

BEDWELL COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS
for the year ended 31st March 2025
Uore5tri¢ted Restricted
2025
2024
Income from Donationj And Legaties
HCC Step2SkiUs Multiply Project
Herts Communtty Foundation Projects
Donations
SBC Local BudBet Line Dancing
HCC - Salsa Dancing
HCC Herts WarnVSport5 Camp
S.C.B./LCB Sports Camp
Sport England Grants
S.B.C. Warn) Space
Toddlers Group (SBC)
37,2
37.200
41,600
1.500
182
228
228
720
720
720
720
6¢X)
1,200
8.757
6,500
1,920
62,259
8.890
7.5
8,890
7.500
228
55.030
55.258
3 Income from Charitable Actlvltie8
Unreslrlcted Restricted
2025
2024
Hall Htre
Refreshment income
Services Income
Admin Fees
138,789
310
421
138,789
310
421
135,295
324
755
183
136,557
139,520
139.520
4 Income from Other Trading Aetivitits UnreJtric¢ed Ru¢ric¢ed
2025
2024
Fundraisin8 and Event5
1,959
1,959
2,472
5 Other income
Unrtstricled Restricted
2025
2024
Employment Allowance
Page 10

BEDWELL COMMUNrrY ASSOCIATION
NOTES TO THE ACCOUNTS
for the year ended 31st March 2025
6 ADatysis of E¥enditure on eharitable Activities
Attivity
undertaken
directty
Grnnt
funding or
A¢tivilie4
Support
Costs
Activity
Total
Community Centre
Step2Skills Multiply Projwt
Wam Space
HCC Salsa Instructor
SBC Covid support
Sport En8land
Big Lottery - Computer Suite
Toddlers Group
Redecoration, Equipment et¢
Dancing
Canteen
127.911
41,347
6,340
472
128,383
41.347
6,340
600
206
3.268
188
1,361
46
720
300
2.75
206
3.268
188
1.361
46
720
300
182,28
472
7 ChAritAble Expenditure
Charilable Activities - Centre
Unrestricted Admlnistrntion Expenses
Admin Wages
Printin& Stationery & Advertisin8
Broadband. Telephone & Posta8e
Subscriptions & Affiliation Fees
Performing Rights Association
Health & Safety
Sundry Expenses
Licensing Fees
Software
Bank & Credit ¢har8es
Website
Events
Training
Volunteer Expenses
Payroll & HR Expenses
Totat Administation Feel
2025
2024
41.462
999
1,564
18
1.128
34,385
910
1.193
1,362
1,626
344
781
109
347
262
120
23
3,078
51,869
363
339
458
97
402
331
912
52
916
41,720
Pa8ell

BEDWELL COMMUNrrY ASSOCIATION
NOTES TO THE ACCOUNTS
for the year ended 31$t March 2025
7 Charitable ExpeDditur¢ Continued
Charitable Aciivities - Centre
Unrestricted MaintenAnce Eipenses
Cleaning Windows
H￿t & Light
Equipment
Inswance
Laundry & Cleanin8
Garden
Repairs & Renewals
Security
Equipment Depreciation
Water Rates
Caretftkinw cleaning wa8es
2025
2024
70
10,705
171
635
7.098
305
9.313
997
274
3,691
42.783
76.042
127,911
70
10.565
161
716
3,198
305
323
847
346
2,055
55,758
74,344
116,064
Total Centre Costs
7 Charitable Expenditure
Charitable Aetivi¢ieJ- Centre
Restricled HCC Step2Skills Multipty Project
Room Hire
Consultancy
Sa]aries
Equipment
Other mIS￿lIaneoUS costs
2025
2024
15,747
12,964
10,002
67
2,567
41.347
14.687
9,570
10,730
302
2,164
37,453
Page 12

BEDWELL COMMUNrrY ASSOCIATION
NOTES TO THE ACCOUNTS
for the year ended 31st March 2025
7 Charitable Expenditure ContAnued
Charitable ActivltieB - Centre
Restricted
S.B.C Warni Space
Fun Day
SBC Covid Equipment thding dep
Sports England Get Bedwell Active and other sports projects
Bi8 Lottery Computer Suite project Dep'n
Toddlers Group Equipment, Heating, Room Hire & Refreshments (SBC O
Community Trust Laptop Depreciation
SBC Locality Budget Line D&ncin8 Instructor
HCC Salsa Instructor
HCF Quickbooks Training
S.B.C. & HCC Sports Camps
2025
2024
6,340
i.C¥)O
275
5.799
250
2,096
61
206
3,268
188
1,361
720
1.500
1,800
15,721
12,729
8 Canteen Acfounl
2025
2024
Cost of Sales
Opening Stock
Purchase$
300
300
321
321
Le88 Closin8 Stock
300
321
20
341
Canteen Wages
Total Canteen Costs
300
9 Governance
2025
2024
Independent Ex8mineVs Fee (See note 19)
AGM Costs
450
22
425
35
Page 13

BEDWELL COMMUNrrY ASSOCIATION
NOTES TO THE ACCOUNTS
for the year ended 31$¢ Matth 2025
10 Fixed assets
UnresL
Equipment
Rutricted
Equip't
TotAI
Cost
At l April 2024
Additions
At 31 March 2025
4.932
12.533
17.465
4.932
12,533
17,465
Depreciation
At l April 2024
Charge for the year
Ai 31 March 2025
3,892
274
4.166
10.776
440
11,216
14,668
714
15,382
et book values
At 31 M&rch 2024
At 31 March 2025
1.040
766
1,757
1.317
2,797
2,083
I l Debton & Prepayments
2025
2024
Debtors
Prepayments and income accruals
4,663
1.573
6,236
18,048
.377
19,425
12 Creditors: Amounts falling due within one year
2025
2024
Accnwls and income prepayments
HMRC & NI
Sundry Creditors
Pension Contributions
9.027
4.317
6.424
1,902
194
73
8,593
67
13,552
13 Trusteej, Remunerntion ind Expen
No trustee remuneration has been directly or indirectly paid or payable for the year out of the
funds of the charity to any trustee or to any person or person connected with any of them.
14 Employees, Remuneration
Total remuneration for ihe year (excluding employevs ￿ntributIOns) amounted to £ 86,588 (2024..
£84,789).
No employee earned more than £40,¢MI p.a. or more. The avernge numbers of paid staff for the
year were five (2024.. five}.
P￿e 14

BEDWEIL COLVIMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS
for the year ended 31st March 2025
15 Reserves Policy
Rese￿e8 must be kept at a reasonable level in relation to the overall turnover of the organisation-
per the Council's policy on reserves of voluntary organisations applyin8 for fundin8.
For the financial good health of the Centrt and the sustainabilty of the or8anisation we deem it
prudent to keep reserves of noi less than three month's operattng costs. Covid-19 and the
additiona] funds we have been able to ac￿$$ means we have been able to build our reserves back
up to nearly the levej required to meet our reserves policy.
Current free reserves are..
75.969
The estimate for the reserve. to ¢over stsff redundancy payments and windin8 UP costs are
£27,375, this calculation does noi include redundancy payments for Staff that have not worked for
the oT8anisation for more than two years. It is based on current payment level$. It is based on the
assumption that any le8al costs incurr&4 in the dosure of th¢ Centre would be met directly by
Sievenage Borough Council.
16 Fund Anatygis
SBC
Iwality
Budget-
Line
Dancing
S.B.C
Wgrnl
Spate
HCC
Salsa
Dancing
Sub-
TotAI
Genernl
Incomin8 Resources
Resources Expended
Net incoming resources
before transfers
147,466
129,220
18.246
720
720
7,500
6,340
1.160
720
600
120
156.406
136.880
19,526
Transfer between fund$
Net movement in funds
18.246
1,160
120
19,526
Total Funds Blfwd
58,489
3.560
62,049
Total Fundy CtFwd
76,735
4,720
120
81,575
Fixed A58ets
Current Assets
Current Liabilities
766
89,521
(13,552)
70,735
4.720
120
94,361
(13,552)
81,575
4,720
120
Page IS

BEDWELL COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS
ror the year ended 31st March 2025
16 Fund Anaty8is Continued
Big L•ttery- Comm'ty
Computer
Trust
Suite
Equipn)ent
Sports
Englaud
Sub-
Total
B/Fwd
Incoming Resources
Resources Expended
Ne¢ incoming resourcej
before trfdnsfen
156,4(
136.880
19.526
8.890
3.268
5,622
165,296
140,382
24,914
188
{188)
(46)
Net movement in funds
19.526
(188)
46
5,622
24,914
Total Funds B/fivd
62,049
751
183
2,643
65,626
Total Funds C/Fwd
81,575
563
137
8,265
90,540
Ftxed Assets
Current Assets
Current Liabilities
766
94,361
(13,552)
81,575
563
137
1.466
102,626
13,552)
90,540
8,265
563
137
8,265
SBC Covid
Equipment
Toddlerl
Group
g Multlply
Project
Sub-
TolAI
BIFwd
In¢omin8 Resources
Resources Expended
IW4et incoming ruources
before transferj
165,296
140,382
24,914
37,200
41,347
(4,147)
202,496
183.296
19,200
206
(206)
1.361
(1,361)
Net movemenl in funds
24.914
(206)
1,361
4,147
19.200
Total Funds Blfwd
65,626
823
1,361
4,147
71,957
TotAI Funds CIFwd
90,540
617
9A,157
Fixed Assets
Current Assets
Current Liabilities
1,466
102.626
(13,552)
90.540
617
2.083
102,626
(13,552)
91,157
617
Page 16

BEDWELL COLvINiuyrfY ASSOCIATION
NOTES TO THE ACCOUNTS
for Ihe year ended 31st MArth 2025
16 Fund Anaty8is continued
Restricted fimding received in the year..
HCC Step2Skills Multiply Project - to open a Hub and identify adults that do not have a C14 or
higher in Maths and wish to improv¢ their numeracy sknlls
Stevenage Community Trust & S.B.C. have funded the opening of a parent and toddler group in
the community centre
S.B.C. Warn) Space - Grant from S.B.C. for warni space -w that ￿PIe could come in and keep
warn]. have free breakfasV]unch.
Sports England Get Bedwell A¢tive and other sports projects
HCC have funded a Sa15a instNctor
SBC Locality Budget has funded a Line Dancing instructor
17 Volunteers
Volunteer infomation is as follows..
'umber of Hours per
Volunteer5
Volunteer
208
288
240
Tot
Hourt
208
288
240
20
24
Aetivity 2024125
Chair
Kitchen
CAretakin8
Committee meetings
Fun Day
Activity 2023124
Chair
Kitchen
Caretakin8
Committee meetÉn8S
Fun Day
Volunteers Hours per
260
312
234
Hourj
260
312
468
40
30
Pa8e 17

BEDWELL COMMUNrrY ASSOCIATION
NOTES TO THE ACCOUNTS
for the year ended 31st March 2025
18 Notes to the cash flow statement
Reconciliation of net incomel(expcnditure) to net cash flow from operating activities
2025
2024
Net incomel(expenditure) for the year
Adjustments for.
Depreciation charges
Dividends, interest and rents from investments
Loss on disposal of assets
(Incre&se)Idecrease in debtors
Increase/(decrease) in credttors
Net cash provided by opernting
19.200
36,810
714
{759)
932
(561)
13,188
4.959
37J02
(15,385)
(3.508)
18,288
AnaJy8i$ of net Cash resources
2025
2024
Cash in hand
96.390
58,329
19 Independent Enminer'i
Fees of £450 have been am¢d for the 2025 (2024.. £425) eXamI￿tion and preparation of
accounts.
Page 18