WAN8TEAD HOUSE COMMUNITY ASSOCIATION n Auockqtlon ••t8bll•h¢d by tntyt dBed crtty rnol8trotlon nmiber 303190 Won81•o0 Houe•. 21 Tho ¢JreDn, London E112NT Flnanelil *tmtsm•nl• fty th• y••r •nd•d J1 Il•Mh 2024
WAN8TEAD HOUSE COMMUNrrY ASSOCIATION Lo901 •nd Admlnhtratlv• Inlomithtit)n L•qal •tAIu•: Th• Charity 1$ on unInB¢jora1ed 88bUGlalon aov•mlffj doGum•nt: TnMt degd IMilp•l *ddr•••: Wanit•od HouBe 21 Tho Green LorKlon E112NT B•nk•rn: arclay8 8ank plc 130 Goorp L8118 8outh Woud LOtOn E18 1A2 Samuel• LLP Char¢orgd A(cLwntantB & R89lBler Au¢ 3 L¢xkB Yard Hlgh Streot 88v8nooki Kgnl TN13 1LT
WANSTEAD HOUSE COMMUNITY ASSOCIATION Trust••' report forth8 y88r ended 31 Mah 2024 The Tru8tsets pr888nl Ih81r report 1h Iho fin8nd818latements of tho Charlly the y88r ended 31 Marth 2024. The Intst888 have adoptvd th8 provlBlon6 oIA¢eounlng 8r¥J R&portlng by Charlues.. St&tvmont of Rgcumrrndod Pr8cllce to chgrf1180 prDpaAng Ihè acrAMmts In accordance wilh Ihe Fthoncl Reporung Standanl 4ppficabl8 In the UK and Republlc Df Irdand IFRS 10211offactlv# 1 January 2015.1 R•gl•t•r•d Chiilty Nurnbw 303190 R•gl•t•r•d omc• Wan$lattd House. 21 Gr•M, LondDn, E112NT. 8tructsr•. O•vgrnMc• and m•n•gom•Tht Th? Charty l• gorrd by Ito Con¥llulth adopted 81 th• Annual Ggngr81 M8•lng hold on 30 Nov•mb•r 2009. uff•nl Trvl•M.' Mr Ron Fller Mr&. Janol Fox Mr DavKI Norm8n Glbb• k4rn Maur8en Engbgrf Ilr Mart Murr811 Anna Twker Mrs bronda co• Mr Hort0 Mr8 Nkhol8 Mr• P Pattlo PreBldent Chalmian Vke Chalmian Honornry S8uotsry Honornry Troa8ur London Bofoiwh ol R•dl>thJg• RepreMtsI¥.' clr Sho114 Baln Cllr Danbl MOrgTIO Th• M•n•g•m•nt Tm•lw WI ••rv•ddurfny th• y••rw• •• •hown b•lgw,' Mr Ron Fll8r Pro8ld8nl Mr8. J8ntt Fox ChaSmian Mr Davkl Nomwn Qlbb Vk• Chalnnan M8ureen Engbert Honor8ry S8cr810ry Mr Mark Mutyo11 Honorary Troawmr MF& 88rbam Blbhop Mr8 Brenda Coyle Mr 88n H8rt8 *5 Patrkla Morrkjtt Sandra NichollE Mrn Pel P•ttlo London Bcmugh otRodbrklge Roprg88nlallws'. Cllr Sh8ila Buin Cllr Donld Morggn.Thom98 TA$sOa0n had no rnqulrmnl tr o CuBlrMJlen Tfu8tse.
WANSTEAD HOU8E COMMUNITY ASSOCIATION TN•t••¥' r•port leontlnLwdl forthv ended 31 MBrch 2024 Appolnlm•nt•nd Tmlnlng of Tru•t••• Tru8te88 Org oppplntsa by IhB momb8rnhSp of lh8 081+0 88 by the CDn¥llulon by elelon at the AssrxladM'& Annuol GgnBral Me815ng and th at Iho followlng Annu81 G8n8ro1 Movll. Trust809 are pernltt8d lo btand fc¢ rtr8r6ct. Thg Truste05 have thg pmr lo Cpt lo fill any unel8thd vocancies, All TNslees pdj Ihe AOlI110.0 Conltilutlon. No •p¢Grfi¢ trainlThJ Is provkled by1 ABsod•Um savg that from 9 10 Tro in(kWu81 TrUBts m•yvndertake tralr4rvJ fAynmtrnBurqle tholr 8P8dflc r8. NotroknirvJ undert4kon. Orll•nl••tlon stru0 Cortaln authotyfrOM lh8 tw•t•w kn doleyalad totho C¥ntr• m•naour. MrsAnn 8rc¢kw8ylra#lgnad 28.03.20241 •nd MJ Kalhy Stsngmrd in dowllng vlth lh8 daylo daYm)Im0tof the charty. A¢hh4•m•nl• p•rfmn T prln¢lpul uctivth"88 of the Chorfty oro.. lal lo irnprove the fxjndllloni of of tho Communily rosldenl In wtead and Woodfcrd and BUfToundlng otOAB by aBBoclqllry vAlh locAI aulhorltl88. volunlBry orGanl8qllon6 Bnd reBld8nlb In provklkng la¢llllJoB for phy8lcd and m•ntal trollng recrnptron. Includinu Ihv vppurtunlty lor gorlpl Intorcourse. oth•r l&wr•-Ume occupation, ler th• r•ldonts and Ibl Io cow8rate th• loE•l aJlhryltleB In tho mulnlonanco and man8ml of a comrnunlty o8Trlrg lor prc4nol&Y by the A8809110Th 4nd IIB COnBtiv8nl bodlo•, In furfhornrK• olthe abDVe act108. The AswGl•lth corfnuJ to Berve Its lOB rrmmunlty In pvIdIng educallDn81 ofKI recrpobpnBI 4Gil¥+ty lupeMentd by mmUnIty hellllh 8nd M)olno A fvll range o18ccommodBlknn ond 8orvlco&. Indtjdlnll sodol ocllvllas lor •ll 8goB wau oNered ihrwghoul Ihe y7Jr. Cmsllluenl bodle• h•va c0nl1rxd lo •ngap8 +h41h thg Hou80 8nd m0h1 oflhe Hou88 ho8 booTr On98. Tho ChaW• prfn¢lpal fijnthng of r•nl81 Incom8 Incrnaied 8lluhlly the 8r deJplt8 ronlol rate8 bdThJ frozen 8nd confirmlnu lor the JB¢ond con8aculv8 nn8n¢lo1 ygBI IhBt loBB ol the prevlou61y long8tandlnq Redbildoo In8lNulo block p8hThonl• h88 had no d8ldm8nlal aN8cI on levoli. Th• A6wcIAlion h85 conllnued lo recth a grant from Borough of Redbrfdg8 Ilhrouohlts lèlBur• arm Vltslonl. The Charlty dld nol engago In y Bub8lqnll¥o lundr•l•ltvJ acil¥lUei duilng tho cwrgnt yMr. Eypendllur¥ IhroughDuI the year BUPPOrted ItB koy c•10¥# ol njnnthg 8t W•n•te4d Hou80 lor the benalt of 011 Thmbw• Df Ihv locul CLThmunlty. Fulur• •lrnt•¥y Tho Aaaoclolon 11 nnue to leek OXPanBlon ol Ill •c11•• and 1odllUoB to m8mb8rn of the hx81 communlty by oncwr8glrvJ n•w grnupB organl68lon& lo uog the Cenlro, Thls wlll be athlevod by ITrealg publSc awsrnne89 d Icthl ad¥wIln9 In add4 to lookng ts cwllMJg to 4ttraGI provlderB from the Insu10 88 11 reduc0& 116 class prov161on and n•w d56685 there li A demand. The A88ockqllon 18 the lo81 roma1nn9 comrnunlty contr8 In Iho BorDuuh that provlde5 a varfèty ol e(AJrthonFI 8nd Joclal cle8s•&. In the mld temi, Iho cty1$ looklng lo con8oTStht• rp$oryoJ 8h8ad of Its leasohold ren81, thch h4ve urown noNlh&tandlng tho ch811enge8 of COv-1 and Ihe morg r8¢•nt 88c8latFon ol 8n8ryY CO8t8. The re50 pollcy ho8 enBuf8d that lh8 Houje watt Bnd ccmunu to be ll ced to able Oper Ihrowh dlfflcull ¢Jpergllng condllknn• InYwan Ilqvhllty. FI•1 Rthrf•w Thv Charty &aopts a pc41¢y ol •n•urfnu Ih81 IIB fre8 roser are 8ufflclgnl lo mool Il• Llay to day opor8#on Income th18 un8xp8cl•dlydlmlnl&h ond lo de for un8xpect8d ltsma of wlmarityronrerned ith the upke8p ol the H811 and lh8 inter11 m4lnl8nanc8 01 the Houso and Ils entr•nc•s gnd ndowS In acrord•n¢x %•llh11s le8#ehDld obllgBUoThs. Irwno th15 gXP8cled lo bo al18a&t mBlnlalned In 2024125 wth ronts ha¥lw once igqln bBOn frDzon lo mllgote eff¢ct8 of Ihe eraJnomlc downlwn. Ubllty exndlIuTe is expected lo full lo11Dr a rfjvlow of provlder8. Clh8r 0r9 g*PgCtod ID rf8e and arn eJp8cl8d to be manBgwJ from r8sgN85 In thg Bhort twm, Ihrwgh cBrnful mBnag•nÉnt h#¥p yet to be cdled upon dwlt8 lh8 p&ndgmlc 6nd Bconomlc downtum. In thu loryer lerni the polky IB to In¢roJse reserveD %then condlllon8 pem)11 ID anable IhE Chllrity lo renew its ha5ehold of Wanslead House 88 8 communlty ¢8ntre. From ttrne to rne Ih8 TFu&t80& d8slgno1& frthTr rgsgw$ lor &pg¢in¢ expondmure. P8go 3
WANSTEAD HOUSE COMMUNITY A530CIATION Tru•t•••' r•porl {¢OntIndI lof tho year ended 31 Marth 2024 Fln•ncl#l R•¥l•w Thè fr80 r86erv0 8tAnrJ8 at £314,768 for th8 rea8OM 8tBl8d 4bgve. In a¢Jdlllon to lthlch tsre aro avallat48 d9B1ted funds iotalllng £22,385 for Iho spedfi¢ purp088B of rapl8cgmonl of rernalnlng lndtr•M ind the enwrgenw repah contingency as noted In Ihe accountg. The Chartty ha¥ boen ablo to 8b50rb the eff•cts oflhe CmmIe downtum. 8osrhg enorgy cojts #nd the 1068 018 8tandlMg hlrer such Ihot thè Asgoclalbn has gr88t8r confjdence ol conurwlng to make the HQu av811abl8 to th8 Communlty In ntInUed ehall8nglng circurn8tsnc81. R•••rv•J pollcy The Trulees congldor Ihgt th8 free r898rv88 held by tho Charlty arg 8ufflclenl lor the cornlng Ilnanclal qr nOlh$tnd1ng Ihe unc8rtalnty occa•18 by lh• aC0M1C dotUrn and enprgy coils. ImT••lrn•nt polky Th• TnJ8to8B rx)n8ldered the most opproprtato pomcy fc¢ Inve8Ung fund8 and hai found Ihat B8rclgyB Track8r Aeeounl mg018 tholr r•qulrgment8. In th? 8b88nce ol any olher Inve#lmenl8 Ihe Trusleej dld not con8WJgr tt neooDs8rylo appolnl a Cu8todlan Tnwtso. Th99• mattgr¥ be Tevlthved pej1¢01ty. Rhk rwl•w The Tru8t••B hgve conductbd a ol tha major rlsks to the Ch8ty IB expojed Jnd ByBlems h8vo bgen 981810 Ic mIlat9 Iho8• rtgki. Intem81 rl8k8 mlnlml8ed by Ihe I18m8n1AIn of proGedur88 for 8ulheAIBallon ol all tr8nso¢tlonB and Pre¢l3 and io 8n8urn con818tenl qu811ty of d$llvery fr* all 0ratIonal &Bpec18 of lh• Charfty. Theoe proc8duM# aro perfodlcolty r•vl•wed lo ensure that they slll rn08t Ihg need8 of Ihg Charlty. AddltSonal rrffjellngB or• hold frorn Ilrne to Umo lo partlcular operallonol ehallengeB aj ih•y Ie. Tho eagh provldes 8ufflclent prot8ctkn aqa11 unpr8dlctabl8 rtse8 In oxp8ndllur8 In Ihe short t8rm. PubllG B•n•llt The Iru8t00B conllnn thal thèy havo complled 4th th8 duty In 617151 ol Iho Chorllles Act 2011 and lo have du? regard to tho guld8ncg I88L1 by th8 Charfty Comml88lon on publlc benefit. S•e lh8 prtndp81 actlvlllg8 58cllon abov• as to lh8 maln adv103 undgrtakon by the Chaty to fUrtr ItB purp080B for publlc beflI, Audltor• A molution wll b8 plmced bgfpre the onnual y8n8ral mgellng to r8gpWnt Samu818 LLP. Chartered Actounlants and R8918lered Audltor8, 85 8udlloT8 for tho vn5uing y881'. pagè 4
WANSTEAD HOUSE COMMUNITY ASSOCIATION 8t•tsm•nl of Tnwto•#' R••pon•lbllltl•# for the year ended 31 March 2024 Th8 Iruslges ure rosponslblg for pr8porlng the Report of tho Tru81eg5 and Ihg flnancial 8lalements in accordanco 7th1h applScablo law and Unlied Kingdom Accounllng Standard3 Iunlted Kingdom Generalty Accepted Accounting Practica}. The law appNcabl8 lo ChaM116s in EnglBnd and WBlgs, th8 ChaN1188 Act 2011. Chamty {Accounls and Roport81 Regu1811on3 2008 Bnd the provi81ons of the Injsl d88d r8qulre8 ihe Irust88s lo prepara flnanclol $t8lemgnts for eoch fln8nclal year vthlch glve o true And f8lr vtew of the stale of affalrs ol the charlty and of Ihg Incomlng re80ur¢es and qppllc8lknn of re8ources, Includlng tha Income and 8xp8ndllure, of the chadly for Ihgt perlod. In pr8parfrwJ t1?88 flnanclal statements. the truste&5 are r8qulred lo: Selgcl 8ullablg accounting polklgs and then apply them con8lBtonly', - observe Ihg m8thod8 an(i prlnclpl88 In the Charlty SORP,. - make ludgemonls and esUmalg8 that ar8 reasonable and prudent,. pr8pare the fin8nobl 61&tem8nlB on Ihe golng concem baBi8 unle881118 Inappropri819 lo pr68ume that the Charfty wlll CntInue to opgroto. Thg Truglee8 arg Tegponslble for koeplng woper accounllng records whlch d11¢>$0 vllh r9880nable actyJr8cy al any Ilme thè flnonclal p08illon of the Charlty and to gnablg them lo ensurg th01 Ihg Ilnanc181 sta18menis comply wllh the Charluos Act 2011, lh8 Gharfty (Account8 and Roportsl Regulollons 2008 and tho prov151ons of Ihe IruBI dg&d. Th8y 8rg algo re8pon6lbl8 for 88feguardlng thg asselB ol tho tharfty and honca for laklng rea$on8blg slepB r the pr8vonllon and dgtectlon of fr8ud and olher Irregularlllè8. 4)proved by onlgr of tho tJo4rd of Iru8lee¥ on 4 November 2024 aThJ 60uned on Its behaw by.. J#no1 Fox {Chalmi8n)
WANSTEAD HOUSE COMMUNITY ASSOCIATION R•port of th• Ind•pgnd•ntAwJltOf• to th• TrU8t• of Wan•t••d Hou•• Communlty AsgoGlallon for tho year on¢Jed 31 March 2024 Oplnlon We have gudltod th8 flnanclal $1olements of WansteBd House Communltykn¥odallon (the 'CharWI lor thg year gndgd 31 Mareh 2024 on pages nlne to fifteen. The 16n8nry81 rgporting fram8WOTk th81 ha8 b8en applled In th•lr preparallon Is applicable law and Unlted Klngdom Accounllng St8ndaTd8, Includlng Flnancial Reportlng St8ndard 102 Financial Reporllng Standard appllcable In Iho UK and Republlc ol Irdand, IUnlt8d KlTrJdom Gon&r8ItyAcpt8d Accounting Practseel. In our oplnlon th8 fln8rb¢l81 $181gmenls.' "glve g trua 8nd folr vlow of the 81ale of Ihe Charfty'# offBits aB at 31 March 2024 8nd of Its Incomlng raswrc8s and applkallon of 80urcog for Ihg ye8r then ended.. .have been properly prepaied In 8ccordante wlth Unrt8d Kingdom G8n6rAItyA¢cepted Accounllng Practlce: .h•vg bgen pr•parod In accordancg vAlh thg Tequlroments of th8 Gharfll¥$ Act 2011. Ba•1• for oplnlgn W8 conducted our audll In acc¢Ydonea wtth Inlgrnollonal Sl8ndardi on Audlllng (UK) (ISA• IUKII Ar oppllcablo law. Our re8ponslblllll8s under th088 slèndgrdB Bre further d88orlbgd In the AudNor8' upon8lblllt1&8 for the eudlt ol tho flnonrjal 81atemgnt8 •eGtlon of our report. Wo aro h)d•pndÈnt of the Charfty In #ccordanca wtth Ihe glhlc81 requlrem8nlB Ihat are Telev8nt to our audlt of the finjnclal 8tslemonth I Iho UK, Includlnll the FRC'8 Elhlcal Standard. and we hav• fviniied our other olhlcal r•gpDnsibillli85 In bccofflenco *lh th•1• requlrements. WO bellgvg thal th8 audll evldgnrg we have oblalned IB oufflcnt and pproprtat8 to wovJ6 a ba858 for our oplnlon. Conclu•lon• r•l•ilno to golno eonc•m We hovg nothlng lo Mport In r•&poct of the followlng matters In mlatlon to whlch thg ISAB IUKI rgqulre UB to roport to you vther8'. -Th• TNstee8 U80 of qDlng concem b9616 of a¢counllng In the prop8ratlon of thg fknanclal sl&lements18 not •pproprigtg' or -Th¥ Tru81ee8 h8v• nol di8ckJ80d In Ihe fln•nu•l 8lalemen18 any id•nllll8d mat•rfal unc8rtalnlleb thal may cast 8lgnln¢anl doubl obout thg Charfty'B Bbllltyto eonllnuè to 8dopl the golng concorn b8919 of arwunllng for Pgdod of at1oaBI fvrnlvo monlh8 Imm Iho date when Ihe fin8ndal 91gtgmgnlB 8ro athed for188Ue. Oth•r Inforniatlo Th8 Tru8teo8 are rg¥ponBlbl8 lor th• olh$r Infomi8lk•n. The olhtyr Inlom8lton compr1888 ihe Inlormatlon In th8 TrLMtoeg' Report, bul doej not Includ8 the fl&11 Jtstements and our Rèport of lh• Au(UlorB thereDn. Our oplnlon on lh8 flnanc4016talemgnt8 do88 not covw the olher Infomiglfon end we do not expTe$s eny forn of 85surance concluglon thsr•on. In ¢onnectk)n vAth our Audll ol the flnandal 8tat•m8nts. Dur regFx)n81blllty lo to r#4d Ihè olh•r Inlormallon and, Sn (A)Ihg so, ronslder wheihgr lh8 oth8r Informallon16 m&t8d8lly InGonBlstenl wmh Ihg financlel 8t8lements or r knowle(Jg8 obtained In the audlt or otherwiBe 8ppearB lo bg m8lerlally mls818t8d. If. b8B8d on the wcffk wa havo perforniad, we eoncludp Ihal there18 a m8t8rfal ml8Bt818menl ol thlg olhar Infomi8lHJn. we 8T9 roqulred to rnport th8118ct. W• hqve nothlng to r•port kn IhlB rpgard, Matt•r• on whlch w• •r• r•qulr•d to r•port by •xc•ptlon Wo have nolhlng to roport In respect ol th8 folkm'ng rnaller8 thgrg thg Chartti•g IA¢¢ounts and Report81 R•g(A8llDn8 2008 roqulro us to r8POrt io W, In our oplnloh.. - the Inlomiation gfven tho Tru8t808' roPgrt18 knconBIBtent In Any matorl81 r88P8Ctth the f+nanck41 $18tsment8,' or . 8ufflc18nt gccounllng rocord8 havè not b98n kepl,. OT - Ihe fmandal statgments arB Th)1 In agreement wllh tho sccounlng record8", or - havtr not recefved all th• lnforrn8tn and explanatn$ w8 requlre for our 8udll. page 8
WANSTEAD HOUSE COMMUNITY ASSOCIATION Rèport of the IndependentAuditors to th• Tnt9 of WaThst•ad Hous• Community Association (Contd.) Rèsponsibilities of the Truste•s As explained more fulty in the Statement of Trust$. Respon$iblibes $et otrt on page fi, th• TnJ$tee$ responSie forthe preparation of the financial statèmen18 and for bwng sab"sfied that th•y give 8 true and fair vth¥. and for su¢h intemal control a$ the Trustee$ detemiine nec&88¥ry to enable the preparation of financial statements that are free from mrial misstment. whether du• to fraud or orror. In preparing Ihe fmandal $t8iement$, the Tru8ts88 are re8ponsltrAe for a8se881ng Chadty8 abfllty to continuo as a going eon¢em, di$doging, 8$ appli¢8ble, m¥tt¢rs related lo going concem and using thB gcing concern ba81$ of accounting unl¢$$ th¥ Tru$ts¢s •lhef inlond to liquidte the Cty or lo cea3e operats'o. ty has no re•listi¢ afternati but to do $0. Our r•sponslblllt195 forthg audlt of tho flnanclal stat•mont8 We have ba8n appointad as auditor under sadion 145 oltha Charbts•s Aet 2011 and r•wt in aCcdanCe wth the Act and r81ovant ragulatlons mad8 or havlng affoct thèrèundar. Ow 04'ectiv8s ar• lo obtain reasonablé assurance about wh&lh9r the financial slatgmants as a whole are free from matwal mi$$tatsment, whethgr due lo traud or error, arKI to issue a Report of the Auditors that indudes oui opinktn. Roasonable assurance Is a h1 level of as$uran¢e, but 1$ not a guarantee that an audit conducted in accordance wth ISA$ IUKI wll always detecl a material ml$statgmenl when 6t exlsts. Mlsstatgmenls can arise from fraud or orror and are considgred material if, individually or In the aggre9al. they could reasonably bo expected to Inftuence th• d•clskJns of users tskon on th& basis of these financk41 $tstemonts. A furth8r description of our m$pon$ibilibes forlhe audtt of the flnandal $tslemen16 is lo¢*ed on th& Finan¢ial Reporting COu1r$ website at VA.fr¢.Qrg.Uk1¥UI0Isre$ponsIbl1lIieS. Thlg des¢rlpllon fomis of our Rep)rt of th• Audit(x¥. Usè of our autht report This reput is made sdely to the Charity's Trustees, as a body. in aceordonee wh Section 145 ofthe Charities Aet 2011 and the regulations made under Section 154 of that Act. Our aLKIrt work has been undertaken so that we myht stale to the Charity's Trustees those matters we are required to state to them in a Report of the Audrtors and for no other purpose. To the fvllest extent pemiitted by law, we do not accept or assume responsiblty to anyone other than Ihe Charity and the Charity's Tfustees as a body, for our audit work, for this rert. or forthe opinions we have fomied. Samuels LLP. Statutory Auditor 3 Locks Yard High Street Sevenoaks TN13 ILT Date.. 4th Novomber 2024 pagg 7
WANSTEAD HOUSE COMMUNiff A880CIATION 8t4tem8nl of Flnandal AcllvKle8 for the year end8d 31 March 2024 Y8Er 8nded 31.03.24 Totpl lund Yogr ended 31.03.23 Total lun¢J8 Not88 Incom• •nd •xpondltur• InMm• from Ch8rtobl8 edlvl¢l•*.' Olher Grants Rents Sub8cthpllun8 12 7,110 123,705 1.456 7,110 120,994 1,258 Barlcafe 9uru8 Sundry Ineom? Invo•lmentlncome.' IntoroBI r8c8lv•d 46 10 259 2.067 2,987 501 Total Incomknq r••oWl 135 294 132 189 Ewndltur• on Ch8rftgblo OG¢ivttleJ.- Copts ol generellng fund8 Monagement ond admlnl&trallon 108,688 96,317 Total I••ourl •xp•nd•¢l 138 890 124734 N•t l•xp•ndllur•VlnGoM• 13.5961 7.455 R•con¢ll1Ion •t Fund• Total FK18 bmuym Itywgrd 340,729 333,274 Total Fundj carrl•d Ivrw•rd 10 AU In¢ome and oxpwhJNure hB8 8rf80n from ¢onYnulng owraljong. I lund# Br8 unreutrlcled fund8. The notes form part of thoge flnanclal 8tatomont¥ po98 8
WANSTEAD HOUSE COMMUNITY A3SOCIATION B•l#nc• lh1 At 31 March 2024 31.03.24 Total funEI¥ 31.03.23 fundB NoteB Flx•d a•••t• Tangth a858t& 75.340 93.672 Curr•nt •M•t• Slock Dabtor8 Cwh at bank and In hand 457 9.728 258 178 589 5.299 247 470 268,381 253,358 Ll•bMltl¥¥', Amounts falllng ( vAthln year 14•t cwr•nt ••••t• 267 793 247 0,57 Total aM•l• Iw• ¢urr•nl Ilabllltl•• Th• fund• ol th• Chwlly Unr•4trfGlgd fundj . OoBlgThaled fur# . G8nerAI fvnd 22,385 314,T88 22,365 318,384 io Tot*1 fund• The fiDgnc4al B¢atement8 wer8 •pproved by Ihe Board ol Tru¥tevs on 41h Novembor 2024 nd werg 81gn•d on Ils behalf by.. J8n•t Fox (Cha1@) The rL)te8 fomi part of Ih888 IlnawKlal otatementJ pagg 9
WANSTEAD HOUSE COMMUNrrY ASSOCIATION Nolo• to th• flnan¢l#l al•t•m•nl• for Ihe year and 31 Marth 2024 1. Accounllng pollcl a) B•s1• of pr•parlng th• ftTr•ncl•l oto1om•nt• Th8 flnandal statom8nt8 of cherfty, wh*h 1¥ 8 publlc ben8fl1 entlly under FRS 102. hBv8 been prepar8d In accordance I¢h tha Ch8rftlg9 SORP IFRS 1021'Accounllng and Reportlno by Charflles.. Slatement of Recommpndpd Pracllc8 applkable to th8rtUe8 preparfng Ihalr accounts In acct)rdanc• Ihe Flnanc4al RBpcrtng SIBnd8rd appllcable In Iho UK and Republlc of Ir818nd IFRS 1021 l&ffecllv8 1 J8nuary 201SI', Flnanelgl R8POrtlnu Standard 102 The FlnBnrAo1 Reporttng Standard p1¢ble In the UK a1 R8publlc oi Ireland. EFA arwj tho Charfll86 Act 2011. The Itnandal 8tat&ment8 have been prepared under the hlst(th bl IncomB All Incomelo recognlBgd In the slatnt ol FlnBnclal AcUvllleB once the charlty haB enllllem8nt to the fundB, It18 prob8bl• th8t Iho tsKomo bo retelv•d and the omounl can be meaoured foll8bly. CI EMp•n(#turn LlabllltS8s are recognl38d a8 8xpendllure as 800n 88 thèr•18 910gal or con8tDJcllv8 019allOn commlttlng Ih• lo lh8 •xp?ndltur¥. 1118 probo1)1o Ihal a tr4n818r ol •conornl¢ bonenls 4%411 bo rnqulrgd In B81loment and tho gmounl of th8 obllgatlon cjn bo measured rollably. Exp8tldlturg13 accoun18d fcrf on #n aecrualB ba81fj and ha6 been el888Ifi8d undor h88dlry8 that aggmgalo all cost rg18led to Ihe coleEt)ry. Wher• COBI8 cannot be dlrecuy attrfbuted to parUcul8r headlThJ8 thoy hav• l)88 8lloegled to aollvllle8 on g ba818 conB131ent wlth the use ol r880urces. dl T•ngltyl• Ilx•d ••••ts D8pr8clalbn IB provh48d 8t Ihg fdkwAng rnte8 In ordor lo w19 off each agset over 118 0811m818d u¥91ul Ille. ornce lumNur• and 8oulprnenl Olhor fumllurg and equlpment bulldkng Irrymwi8rrt8 3 years 3 y8ar8 ovw Iht l•ats18rm •) Imp•lmi•nt olftx•d iii•t• Al fjaeh reptIng end date. tho Ch8rlty r8vl8wB ¢arrySng amountB of tts tanglblo 888atg to d&terrnln8 wh8ther there Is Indlc8llon Ihjt tho8¥ &6¥el8 havo suffered gn lrnpalrgmenl los1. If any such Indkallon #t9, the recoverable 8mDunl ol Ihg ¥V8pI Ib eBtlmated In orderlo d8tomilne Iho 8Xtgnt of Ihe Impalrnient108s IW aryl. n stoek• stks affj ¥laled al the lsmr ol cost and ngt reallBablD valuo, after mgklng due all0 for oboolots ond Bl¢yw movlng1kn8. gl T•x•tlon The charfty18 8X•nPt fr tax on Its ¢h•ritable uctiviti8&. pago 10
WANSTEAD HOUSE COMMUNITY ASSOCIATION Noi• to thD Ilnon¢lo1 •tAt•monts lor Ihe yew ondod 31 March 2024 1. Accounthig pglkh• h) Ci•h and ¢uh •qulv•l•nts CaBh and ca6h oqulv8kntB are ba91c fln8nrAal a89et6 and Include c8eh In hlnrl, d8POSItB held Bl CBII th banks. Dlh8r 8hort-18rm Ilquld Inv881rnents th orInl maturfllB8 0lthr88 rnonth8 or leB6, and b8nk ovgrdralts. Bank ov8rdr8ft5 arn 8hown wlthln bOTng8 In uJrr8nt 118tlloB. l} Fln•nGlal In•truments Tho Charfty ha8 electod to apply thtt provlolono of S•rllon 11 'Ba6lc Fln8ncld InBtruments' and Sactlon 12'0ther Flnandal InBtnJm8nt8 16gu8B' or FRS 102 to All of rt¥ Ilngndal in61rument8. FhgnGIBI In8trurnen18 are 0qnLIed In lh• Charllls bolan¢• 8h801 whgn the Charlly bacomes pqrty to tho conlr•¢lu81 PTov181on8 of tho In?INm8nl, FSnanelal a8Bets ond Ilabllllle8 are offset, the not amounts preaon18d In Ihe flnanclal $tsternonls, there IB a lagally ènforcBable rfght to Bat off the reccon18ed 8moth15 Bnd thore18 an IntengnI0 80ttk9 on a n8t baal¥ or to reallae the 98Net and 8ettla the IIBblllty 81multanew6fy. a1¢ fln•nclal a•••t• Ba81c flnAnd81 as88ts, wthlch Includo d9btcn and cash gnd bank balancgs. ore Inlllally meaiurgd l tranpe¢llon prlc• In¢ludlng traThBacllon co818 and Ore Bub6equ8nlW carrlod 818rn0rt18•d co•t uBlng Ihe Off•cl Inlgre8t method unle85 ts orrangemènt conslllule8 0 finandng tran5acllort. whore th6 tr4n¥acllon IB m•8btsrnd al the w089nl valu• ol the lulure focelpls dlBoounled 818 markgl rate of Int•re8t. FlnAnclal a88919 d8891figd recelvobl• thIn gn8 y8ar are nol &mort188d. Bulo flnan¢lal IF•bllltt•• B88lc flnandol l+dJlllll8¥, bcludlng crgdllor8 and bank loan8 are InallY rgcogn58ed 01 Iran8aedon prlce unle8• the arr8ngeffj8nl con#tllutes a nnanclng Ironi8clon, ther8 tho debt In8lrum•nl I m8•5ur8d al Ihe preaent valug of Ibe fulur8 payments dlscounted al a mathet rata ol Inlgrejl. Flnanclal Ilablllllos da?81ngd as payMbl8 1h1n on8 y8ai aro nol amortl8ed. Debt Inotrumonts are 8ub80quendy eAnled al co8t, Un9 effect6 Internsl rnt• mgthod. Trad8 crgdltor8 Bro oblwlono lo poy lorgood8 or 88rvk88 th81 hove baen Kqulrerl In thg ordlnory ¢ow88 olop8rgllon8 from Suppllers. Arrnts p8yoble #r• clB8slfk8d 88 Current Ilabllltte8 11 paymBnl 1$ dug %%llhln 0Trg ye8r or less. If not. they gre pr8s•nled aB nonourrnnt IIBblllUo8. Trade credltor8 rncognlBed Inlllalty at transaction fv and 9ubi8qu•nlly mg88urvd al amort188d eo81 u81ng the effectlve Inlgtesl rnethod. J) Judg•m•nt¥ and k•y •our¢•• ot •tlm•llon unc•rt•lnty In the 8ppllc8tlon of Ihe Gh8NW8 oc¢ounllng pollel¢$. th8 m8mbers are rv4uifed to m8k8 ludBemenls, e8tim8tg¥ Hnd assumpllong 8bDuI the CHng amount of A$S¢ts and IlabllltleB that ore nol reodlly 8ppar8nt from olh8r sourceB. Thg 8gtlmat95 and a&80clgtgd assumplbn6 8Tr b888d hlytorfcal experlgnce and olhèrfactor8 Ihal aro coMld¢red lo be relev•nt. Actual reuuhB may dKfer Irom the9e 89mEt88. Th9 oslrnatO8 and und•rWng a8BumpUon8 8re rgvlowed an ongdng b1. Rev181onB to eccounllng 85tlrna188 8re rFGognisgd In the perlod In whl¢h th8 85llmat& Is rev189d whgre the revlslon Affects that perfod. or in the p8rfod ol the revi8ion and fuluTr p8riuds th8re the revlBlon affgcts ix>th CunI and ftrture p8dod8. page11
WANSTEAD HOUSE COMMUNrrY ASSOCIATION Ntth to thg fln•n¢lal •t•t•m•nts Icontlnu•dl for the yw ended 31 M8rch 2024 1. knGounllno Pollol kl Fund A¢¢ountlny Unrn51rtc18d fund8 w bo uswj In ACCLYdantx wlth Iho chorftable oLlgtheB 81 the d18crellon of thfr Ir118tee3. ReBlrfcted fundg ¢gn lY be used forpartlGth8r rejtrlcted pwpoges ¥%lthln thè obloct¥ of the Grffy. R88trfctlonB n bpaclllad by the th)nor orl)gn funds aro rnlBed fu parfar rgBtdclod wrpo8B8. Further oxplanallon of owch fund18 Includad th the notes lo the flnanclql 8tal8m8nts. 11 Gronts Incomg from grnntB l¥ recw180d 41on thgre t8 pvldence ol enUtKrymont to tho glft. ro¢olpl l¥ prob4bL8 and N8 amount e8n bp rn98Buf8d Tdkgbly. 2024 2023 2. T4nglbl• fix•d ••••t• Tha folln9 aro Inchjded In Ihe ngt Ix>ok valu8 ol tsnglbl• flx•d 889•18.' Oth8rfumttur• oN1 eoulpmenl Offlc• fumlture and equlpmont L•gi•hokF bjlldlng IMprment 2,713 209 3,467 783 Th• mDYemgnl In Iho pertod •• follows.. Offlcg Leagehold lurnlturel bulldlnp equlpmvnl Improvement8 fumllurel equlprnent Opthng balarK& AthJllton9 6.692 1.292 30,740 306,185 5.693 Yoar.onded 31 March 2024 311.878 D•prncl•tlonl•mOrth1Qfi Opgnlng balance Chargg 2.125 2,046 29.977 554 218.743 22,717 Year-dd 31 Marth 2024 239 480 N•1 book v•lu• Y8Br-8nd•Y 31 Morth 2023 783 yeared 31 Marrh 2024 209 p8ge 12
WAN8TEAD HOUSE COMMUNITY ASSOCIATION Not•• ¢0 the Ilnanolal tat•m•nt {conllnuadl for thè rended 31 Il&rch 2024 2024 2023 J. Stock The follgvAng are kncluded In Ihe nel book vfil of 8fock.. Barlcofo £457 £589 D•btorn The IdloTrg amount8 w• Int4ud811 In Ihe nel ljook valv8 of d8btor8'. Amwnt• f•lllng du• wlthln y••r', Trad8 debtor¥ Pr8paymgnt8 olhord8btor 7,275 2,451 3,034 2.265 B. Uablllll••: *mount• f•lllng du• wlthln on• y•ar Th? Idkmlng are Inc118d In IIAbllKl•8 ljlllng due wllhln one ygar.. VAT Accnmli 135 8,166 6,372 •. Emolum•nts ol •mploy Tho total •rndum9nls ftf Ihe y••rol Ihe Charfty8 ernF4oyYeJ amounled lo.. Wag•8 & aAlarf•s £67,583 £63.619 The average numb8rof 8mploy•o8 for th• yèar w89 No employ080 rncelved ornolum8nlts In •xc85s of £60.OIKI. On8 8mplDy8e18 8 mgrnbgr ol an autwnrc4rnent pen8lon BchDmg. Empl0yorcontrfbutn8 for th8 perfod wor• £390 I2023- £3441. pagg13
WANSTEAD HOUSE COMMUNITY ASSOCIATION N# tts1 Ilnjnclol •thl•m•nts Iconllnu•dl lorlh8 yo8r oThJed 31 Mafch 2024 7. D19n•tod fund• Th• EmBf98ncy Repalrn ConNng8ncy Fund wa& 581 up vllh the Intontlon of 6etllwJ 88ld• monl8b for unexpected future repBlr txpenditwe. Thg Ropla¢ement vAn(knYb lund wab Set up to 88t aslde monloB lo repl8C8 th• nd0¥49. The flr8t ph888 ol And¢M replBcornort8 8t8rted In hprfl 2015. 8alanc• 0110412023 Now d•l¥n•Uon• IUllll••dl B4lanc• 3110312024 EmoryJenw Ropalrn Contlng•ncy RarA8c8rnenl n¢¥S 10,000 12,36 10,OC¥) 12,365 22 . BarlCaf• a¢count 2024 2023 7.455 7,723 L•88.. C1 ofgoodi Sd GroD8 profiVIIo811 4.182 4,234 8urF4ui •. Co•t• of q•n•rntlng lund• stsri c08t8 D&pwl8tlonlamortluatlon other runnlng coJ18 Adv0rt181ng 51,070 20,254 33,965 47,991 19,206 27.671 94. Mana9•m•nt•nd •dmlnMT*tlDn Sl8ff costs Audltorn, fee for Butht Mre5 OepmclJllonlartl6al0n other runThlng cogts 12,767 4,800 5,003 11.998 4,700 4,801 pogo 14
WANSTEAD HOU8E COMMUNITY ASSOCIATION Not•8 to th• fln1nc1 #ts1gm•nl• l¢ontlnu•d IOT the year endod 31 2024 10. Mov•m•nt In Fund• Net movement In lund8 Al 01.04.23 Al 31.03.24 cer¥I fund 318,364 31B,364 13,596 13,5961 314.768 31 ,76 Dl9Mt0d fund• Emvrggncy Repalrn Rap1anI Wlndo* 10,000 12.385 22,386 10,000 12,365 22,365 T•t•l Urntrlot•d Fund• 337 133 11. R•latsd P•rty Ol•clo•ur•• Ther• wore rrt) rdaknj paty IransaEllons lor thè year 8nd•d 31 March 202412023 £NIII. The tru8tee8 dld not ree8lv• ary remuMr8tlon 8nd no tru8188 expen8e8 were Incurred In th8 year gnd8d 31 Marth 2024 I2Q23 £NIII. 11 Gr•nt• 2024 2023 Olher gran18 lTrN•d'. L8R Vlalon pag8 15
WAN8TEAD HOUSE COMMUNITY ASSOCIATION G•n•ral In¢om• Ind •xp•ndknr• *¢c¢)unt lor the yoar end 31 March 2024 2024 2023 Inc Olher grants Inter88t rgcplved Sundry IFKoma. domuons SubBcApllong Othor renlal Incom8 8arlCafe 8ce>)unt 7,110 2.967 10 1.458 123,705 7,110 501 2.067 1,258 120,994 135.2g4 132,189 Exp•ndl¢ur• Clgrtcal 8alarlo8 Accountancy and I111 Paymtl thce Olncg co8t8 And rat8B Llght 8nd heBI C4rgtsker8' Jale Clgafier8' 89lwl$• Pon8k)n costh Cl•Bnlng materfa18 R8palr6 and d•cor•tbn8 In8uranca Amryls8tlon.1088ahold bl1thng lrnprovem8n18 08pr8clallc41- 0ffl¢g fumlturo & equlpmont Dopf8etknn- other fumltur8 & eqUrnOt Mlnor eqvlw8nt To1ophon• Pogtaue. St8Onery SI prfnlkng AdverUBlng General •xp8n88# Irr•eov•rable VAT 26.950 5,875 540 5,662 10,222 30,502 S.995 25,425 5.560 520 3,961 15,150 28,572 5,647 344 1,243 2,774 2,081 21,840 12.379 2,280 22,717 564 2,048 1,614 2.301 241 1,407 2,303 1,648 180 1.449 3,444 ID•llcltV•¥vplu• lorth• y••r Th18 page doe8 notfomi part of Ihg Stjtutory flnanclal 8tatomenl8 page 16