WANSTEAD HOUSE COMMUNfrY ASSOCIATION An Assodatlon 08tabllshod by tN81 deed Charfty muistralion numbor 303190 Wan$tgad Houoa, 21 The Green, London E112NT Flnan¢l•l •1at•m•nt• for tho y•ar •ndod 31 Mirch 2025 WANSTEAD HOUSE COMMUNrrY ASSOCIATION L•gal and Admlnl•tratlw Informatlon L•9al status: The Charfty ks an unincorporalad aswiation Gov•rnlng do¢um•nt: TN8t deod Prlnclpal addro•6: Wan8tead Hou68 21 The Greèn London E112NT Bank•rs: Borejays Bank ple 130 GgOTga Lana South Woodford London E18 1AZ Samue18 LLP Charterod Accountant8 & Rog18terod Audltor8 3 Lock8 Yard Hlgh Streét Sevenoak8 Kent TN13 1LT WANSTEAD HOUSE COMMUNITY ASSOCIATION TruIt￿N. r•port for th8 ￿9r 8nded 31 March 2025 Thg Trltstges present iheir report w￿￿ thè fin8ne1818tstements of the Ch8rity for the year ended 31 M8r¢h 2025. The trustèes have adopted tho provisions ol Accounllng and Reports"ThJ by Charities.. Statement of Recommended Pra¢ti¢e applicable to charities prÈparing their accounts in accordance with the Financial Rtrptsrtlng Stand8rd applicablo In Ihe UK and Republic of Ireland IFRS 1021 laffe¢tiv8 l January 2015.1 R•ol$terod Charlty Numb•r 303190 R•gS•t•rod Offic• Wanslead Hous8, 21 Tho Gr88n. London. E11 2NT. Structw•, Gov•rnane• and manag•m•nt Th8 Charity ig govèrned by its Conslllullon adopted al a Special General M881ing on 301h November 2009. Currnnt TNst••$,' Mrs Mauroan En8b8ri Mr Davi¢J Norman Glbb8 Mrs Jangl Fox Mrs Anna Blssel Mr M8rk Murrell Mr RBY Muna Mr Ban H8rt8 Mr Colin Whil8head Mis Sandra NiclK418 Mis Pal Patue Mr8 Brend8 Coyle Presidanl Chairman Vic9 Chairnian Honorary Se¢rfjtary Honorary Tr8gsuwr London 8orough of Redbrldge Repre8entsllve8'. Cllr Sheila Bain Cllr Dan161 MorganvThoma8 The M4nagwn•nt Tru$t•e• who Jorv•d dwlng the yo•r •re •s ¥hown bdow." Mr Ron Filer President Mrs Janet Fox Chairman Mr David Norman Gibbs Vice Chairman Mrs M8ureon Enebe Honorory S&cr818ry Mr Mork Murrell Honorary Treosurer Mrs Barbara 818hop Mr Bon Harts Mrs P81rlcla Marriott Mrs Sandra Nlchdls Mrs Pat Patt58 Mrs Brenda Coylo London Borough of Redbrfdge Repr888nl8lfve8: Cllr Shell8 B81n Cllr Danlel Morgan-ThsJma8 The Association had no requirement for a Custodian Truste9. WANSTEAD HOUSE COMMUNrrY ASSOCIATION Trust••s' report leontinu8d} for the year ende¢J 31 Ma￿h 2025 Appolntmont and Trainlng af Tru8t••s Trustees are appolnled by th9 m8mber8hip of the Assodauon as w8scribed by thè Constitution by dadon at the Association's Annual General Meeting and re￿re at the followThJ Annual General Mg8ting. Trustees are y&riiiittèd lo sland for ro4o¢tlon. Tho Truutee3 havo th8 pow8r to co￿pt lo fill ony unoloctod Vacancies. All TrustBes are provlded with th& Association's Conslitulion. No sp8cific training is provided by Ihe Association savo Ihal Irom time to Ilmg indivldual Trustees may undertake training commensurate ¥￿th their specific rdes. No training was undertak8n. Organl$•llon StNctur• Certabn 8uthorrty from thè Iru81e&B18 delegatsd to the Centre manapr, M8 K81hy Stangaard, In dealing wllh th& day lo day managament of the charity. Achl•v•m•ntg and porform4nc• The princlpal activities of th8 Charity are- lal to improv8 the conditions ol life of th& Community resident in Wan6t8ad and Woodford and surrounding af¥as by associating wlh local authorSlles, voluntary organisation8 and resNJenl8 in providSng facilities for physical and mental training recreation, includlng the opportunity for soclal Intercour89, and other leisur8.tlme occupation, for th6 re8idenl8 and Ib) to CQ-oparato with the local aulhodfje8 In the maSnlen8nce and management of a community centre Ic¢ acllvill88 promolgd by the As80ciallon 8nd116 conslltuenl bodies. In turth8r8nce of Iho Bbov& aclivilies. The A8soclallon has continued lo s8rve Its local communlty In providlng educallonal ond recroatlonal acllvlty supplam&nt8d by community health and wellbelng s8tvlces. A full ranga of 8ccommodolon and 88rvlc88. includlng soelal gctlvi118s for all ages w88 off8r8d Ihroughoul the year. an 8xpand8d progr8mm8 and increased usage. Conslituenl bodies have conllnued to enga￿ ￿th th8 Hou88 and memborshlp of the House has been encouraged. The Charlty's principal fundlng sourcg ol rental Income Increa88d 81gnlfic8ntly over the year desplle rental ral88 bging frozen, which, with Ihg incrgasfjd grant from the London Borough of Redbridgtr Ilhrough 118 lelsurg arm Vlslonl to P8rly lund thg cgntfe manager post, offset th& significant Incre88e In the co$1 ol oporallons. The Charity dld nol •ngag8 in any subslantlve fundr818ing acUvltlg5 durtng the current year. Expendllur8 throughout the ye8r 8UPPOrt8d ils key objective of runnlng actlvltl08 01 Wanslead Hou8e lor th ben8fft of 811 rn8mb•rs of th8 local ￿MMunIty. Futur• 8trat09y The Assoclatson ￿11 continue to s8ok expanslon of ts activities and f8dlltie8 lo mgmber8 of the local commLJnlty by encouraglng new gfOUPS and organi5allons lo use the Centre. This will be achieved by increasing publlc 8wareness and local adverts'sing In addition to looking lo continue lo al¢ract provider5 from the In8111ule 8s 11 reduces Its clas8 provision and for new dasses vthere there 18 a demand. The Assoclatton Is th8 last r8mainlng community cenlre In the Borough that provides a wide varlety of educational and sts¢l81 elassès, In th8 term, the Charily is looklng lo consolidate reserves ahead of its1088ehold rar￿al. vthich have grovm nO￿thStandIng the chJllengo8 ol ¢ovld-19, escalation of energy co$t3 and b8cming fully operationally indapend8nl. The r88efviTVJ pollcy ha$ ¥n$ur8d that the House was 8nd contsnues to be well placgd lo absorb oparatk)nal losses through difficult opgratiThJ condition5 With increasing liquidity. WANSTEAD HOUSE COMMUNITY ASSOCIATION Tru•to••' report l¢ontlnu•d) for tho year ended 31 March 2025 Fln•nclal Revl•w The Charity adopts a policy of ensuring that its free reserves are sirffi¢ienl lo mèet ils d8y to day operation Should income levels unexpectedly diminish and to providè for unèxptrded ilern5 of expenditure primarily concemed with the upkeep of the Hall and the intemal maintenancè of the House and Its entran￿S and windows in 8CCOTdance with its leasehold o1￿1g￿￿Ons. Wlth rislng ¢0818 and the Intention lo incur additional &xpendilure supporting m8n8gem8nt. In¢ome levels ar8 exp•¢tod to be rise in 2025126 following th8 increase in room rates for Ihg new acad8mlc year. In the longer term the pe41¢y is lo increase reserves when Conditions p&mirt lo &n8bl8 the Charity lo renew its leasehold of Wanstead House Bs a communrty centr&. From time to tim& the Trusl¢es d8slgn8t# funds ffom reserves for specific expendilure. Thg Irao roserve stands al £312,964 for the reasons slated above. In addllkjn to whSch there are avollable designaled funds lotallbng £22,365 for the 5P8cific purposes of replacement of remalnirKJ wlndows and the emergency repalr8 conllngèncy as noted in the accounts. The Charlly has made a seemless iransillon to baing lully oper811on81 Independent ol the London Borough of Redbridge aller Its d•dsion lo wSlhdraw thè part Ilm8 P051 of centre manager, ¥￿th an In¢rgasg¢J grant to cov6r somg of thg addltlon81 stafflng costs th8 charlly ha5 had lo Incur as a result. To mlnimisg ri6k. the Trustees Intend lo engage eylomal advice and Irainlng 10 5UPPOrt managers. To meet these addltional costs and the colinuing rise In c0515 of op8rallons, roorn rents will riso on a $tsggorfjd ba818, SUPPOrt8d as necessary in the short lemi by cash reserves. R•••rv•s pollcy The Trustees conslder that the free reseNe$ held by the Charity are sufficient lor the comlng financlal year notswlh8landing the uncertalnly occasioned by the aconomic downturn and gngrgy costs and th& addillonal cos18 the Charlty Intends to I[￿ur to 8UPWrt its manogom8nt through traSnlng, pollcy advlc8 and 118 Im￿emental50n. Inv••tm•nt pollcy The Trustees have consldered the most approprl818 pollcy for Investing funds and h8$ found that Bardays Tr8cker account meets Ihelr r8qulrements. In tho absencè of any other Investments the Trustees did not conslder11 necessary lo appolnl 8 Cuslodlan TNst86. These mattèrs wlll be Tevlewed pertodlcally. Rl•k rovlow The Trustees hav8 conduct8d B r8vi8w of thè major risks to Mthlch Ihg Charily18 8xp068d and syslems have been establlshed to mitigate those risks. Intemal rtsks are mlnimisgd by the implementation of procgdures for aulhorisatson ol 811 transactions and projects and to ensure conslstenl quallty of dellvery for all op8rational asp8Cts of th8 Charlty. Th89è procedu￿8 are periodically reviewed lo en8ure that thgy 51111 meo1 Ihe needs ol the Chgrily. Addllional m&eJng8 are held from lime lo bme lo meet particular operallonal challenges as they arlse. The c88h re8erv8 provKle5 sufficient protection agalnsl unpredktsble rf8&s In gxpendlture In the Short lemi. Publ1¢ B•n•flt The trustees conflmi that they have complied wllh the duty in 917151 of th? Ch8riNes Act 20118nd to have due regard lo tha guidonce issued by the Charity Commisston on public benefit. Sèe th8 wincip81 Bctivitl8S S8ction 8ts4)v8 as to tha maln advlNe$ und8rtaken by the Charty to fvrther its purp08e8 for public b8n8fit. Audltors A resolution will be placed before the annual goner81 m8elSng to reappoint Samuel8 LLP, Chartered Accountants and Reglstered Audllors, as a￿llIOrS for the ansuing year. WAN8TEAD HOUSE COMMUNITY ASSOCIATION Trustee8' report l¢ontlnu•dl ftv the yp.Hr AndAd.11 K4Arch 2025 Statsmfrnt of Tru8to08' Ro8ponslblliti•$ Tho Iru8t••G ar• r•gpon$lble lor preparing Ihg Repnrt nf thA Trii8lAH8 and tho finanGlal 5talem¢nts in accordance %Mth applicablo law and United ￿ngdoM Acwnting StarHlards Iunlled ￿ngdorn Generally Accepted Accounting Pract6cel. Th9 Igw 8pp11¢8ble to charl￿8$ in England and W8les, the Chorftie8 Act 2011, Charfty {Accounts 8nd Reports) Regulallons 2008 and the provisions of the tru81 dtted requires the trustees to prepare financlal statements for oach flnanrjal year ￿5¢h glv8 a true and falr of the stata of affalr8 of the chorlly 8niJ of the Incoming resour¢&s and application of fesour¢83, Including the Income and 8xpendilure. ol tho Gharlly f that porlod. In preparing thoso financial $18lemonls. tho Iruslees are required lo.. select suitsble accounting policies and then 8pply them Gonsistenlly., obsorve the methods and prin￿p(g3 In the Charfly SORP., mako ludg8rnenls and e81Im81e8 Ihol Bre re880n8ble and prudont.. prep8r& th8 financlAI glatemenls on the wlng conc*rn b9918 unle881118 Inapproprlats to presum8 th8t the Charlty ￿11 conllnu9 to operate. TNstee8 arg respons1￿8 for kgeplng proper accounung rewrd8 whlch dls¢1060 vAth re880nablo accuracy at any Ilmo the flnanci81 pogition ol the Charity 8nd to en8￿8 them to en$urg that tho financi81 statements comply ￿th the Charllles Act 2011. the Charlty (Accounts and Report81 Rogulations 2008 and the provlslon8 ol the trust deed. They are 8180 respon8ible lor 88feguardlng the assèts of the charity and henoe for taklng rea8ongble 8tsp8 for the provontlon and delectlon of fraud 8nd other itr8guladll88. Approved by order of tho boafd of tru6te08 on 24 November 2025 and S19r￿ on It8 b8h81f by.. Davld Norman G5bb8 jChalmion} WANSTEAD HOUSE COMMUNITY ASSOCIATION R•port ol thè Ind•pondont Audltor¥ to th• TruBt&es of Wanstgad HouBa Communlty Association Opinion We have audited the financial ststemenls of W8nStead House Community Association {Ihe'ChaTity') for the year 8nd8d 31 March 2025 on pages eight to fourt99n. The financi81 reporting frarn8th that has been applied in their preparation is applicable law and Unlled Kingdom Accounting Standards, Includin9 Flnandal Rèporting Standard 102 'Th8 Finanaal R•porting St8ndard applicable in the UK and Republlc of Ireland, IUni18d Klngdom Gènarally Acc8Pt8d Accountlng Practlc81- This report is m8d8 solely lo the Charity's Irusleès, as a body, in accordance with Section 145 of the Charitiès Acl 20118nd tho regulations mad8 under Section 154 of that Act. Our audit work has been undertsken so that we might slate to the Charills Trustees those matters we are required to stale lo them in a R8POrt of the Auditors and for no other purpose. To the fullest extent perrnilled by law, we do not accept or assume ￿SponSIbl11ty lo anyonè olhor than the Charity and the Charity's Tru5tee5 as a body. for our audlt wc*k, for this report, or for the opinion8 ￿ havè fcrfrned. In our opinion the financial $tslements'. -give a true and fair view of the stale of th8 Charity's affairs as al 31 Maich 2025 and ol 11$ In¢oming resources and application of sources lor the year then 8nded- -have been properly prepared in accordance wlh United Kingdom G8nerallyAccoplod A¢￿￿n￿n9 Practice.. and -have been prgpafad in accordancè wilh thè r8qulr8menl$ ol the Charilios Act 2011. B••l• for oplnlon We conducted our audll in accordancè with Inteinational Standards on Audlling IUKI IISAS IUKII 8rKI applicable law. Our respon5ibilllies under those standards are further descrfbed In the Audilor8' responsibilities lor the audit of th8 financial slalemenls 58cllon of our report, We are indgpend&nt of th Charity in accordance ￿th Ihe ethical requirements that ar9 relevant lo our audit ol the financial siatemgnt8 in the UK. induding the FRC'S Ethical Standard, and we havo fulfilled our other ?Ihlcal re8ponsibilill8s in accordance wllh these requlrements. We believe IhBI th8 audit evidence we have obtainod is sufficient and appropri&le lo provide A bas1$ for our oplnlon. Condu•lon• r•l•tlng to golng con￿r￿ We have nolhlng lo rO￿rt In re8p8cI ol tho following maliers In rolallon lo which th8 ISA8 IUKI requlr• u8 10 rèport lo you where.. -The Trustees u8a of th8 ooing concem basis ol accounllng In th6 prèparatlon of the flnancial slatsmenls Is not appiopriale.. or .The Trustees have not disclosed in the financi81818lemenls any identified material uncertainties that may cast signifficanl doubl about the Charity's abllbly lo conllnuo 10 odopl the going concem bas15 of accounting for a peTi¢)d of at lea8t hvelve monlh8 fiom the date when the flnanclal statements are auihorfsed lor Is8LSe. Othor Inlorniatlon The Trustees are r86pon8lble lor th8 other Inf0m￿tIon. Th8 olhor Infom)atlon compr18o8 the Inlom1811on In thè Trusteès, Report, but does not includ6 th8 linanclal &l&rement8 and our Report of tha Audltor8 Ihèreon. Our opinion on th6 financial slal8m8nts do88 not covèr th8 othér information and w8 do not expre98 any fom of assurance concluslon thereon. In connecllon wllh our Audit of th6 financlÈl slal6m8nts, our r8spongéb￿fjty Is to reod thè oth81 infomiatlon and, in dolng so. conslder wh8th8r th8 other Inform&bon is malorially inconsistent the financAal slal8menls or our knowledga obtainèd in tho Budll or othgrwsa appgars lo b8 rnatarfally misslatad. If. bBsed on the work hav8 p8rform8d. w8 conclud8 that Iher8 is a matgri81 mlsstat8m8nt of this oth8T information, we are requir8d to r8POrt thal fact. W8 have nolhlng to r8POrt in this regar(J. Mott•fs on which we aro r•guir•d to r•port by ￿¢¢pIlon In the Iyht of the kno%￿edge and understanding ol the Chanty and its environrnent obtained ift the Lxurse of the aud￿ havè not identrfied material misstatÈrnents in the Trnsteè's Annual Report. We have nothing to report in respeca of the followng matters vkngre the Charitk•$ (Accounts and Report81 R8gulab'on$ 2008 require us to report to you if, in our epinion.. 4ufficient aecounts'ng records have not been kept". or -the finaneAal ststements are not in agreement the accounting records,. or have not re¢eiv•d aTh the infonnation and gwjanationg we rèquire for our 8udiL R•sponslbllltles of th• Tn*t A5 explained more fully in th¥ Statement of Trustee's Responsibilthes stl out on pagt five. the Trust￿8 a responsibje f¢r the p￿paratIOn of the fi'nancial ststernenls at711 for b8ing satiSf￿d that they gNe a true and fair view, and for suc* internal ¢ontrol as Ihe Trustees detemiinè necess￿ to enable the prnparatiorb of ffinan for th8 year ended 31 March 2025 1. Accoundng pollclej gl Fund A¢countlng Unreslricled funds can be u8ed In acconlance with th8 charllable ¢)bleclives at tho dlscretlon of the Iru8t8é8. Restricted funds can only be u3e(I for POfllcLlaT re81rict8d purpos88 wlthln tho obj8cts of the charity. Reslrl¢tlong arise when spedfled by the donor or when funds 8Te ralsed lor parucular raslrkled purposes. Further explanation of oach fund 18 induded in the r￿ts8 to Ihg financlAI statsments. h} Grants In￿m¢ frryn gr8nls18 re(x)gnlsed whpn there 18 evidgnce of entSliement lo the glft, receipt is probaNe and118 arnount Can be measure(J reliably. 2025 2024 2. Tanglbh fix•d •8Mts The fdlowSng arg Included In Ihg nel book value of tarolblg flxed 8s8ets: Other fumlluro and èqubpment Office furnilura and equipmenl Loa3ehold bulldlng Improvemonts 929 2,713 209 The movgmgnl In the p8rfc4J was 08 follow3.. Other furnilurel tquipmenl Offlce L8a8eh¢Jkl furnAuro1 bulldin9 equSpment Improv8m•nts Colt Beglnnlng of year Additions 6.884 30,740 311.878 6,B84 30.740 311.878 D•pr•clatlonl•mortlutlon Beglnning of year Chai99 4,171 1.784 30,531 209 239.460 26,214 End ol yo8r 285 674 N•t book valu• End of year 929 WANSTEAD HOUSE COMMUNITY ASSOCIATION N¢l•• tt* th• fln•nclal 8t•l•m•nts Icontlnuodl for the y8ar ended 31 Marth 2025 2025 2024 & 3¢o¢k The followng are Includ8d In the n81 book value of stoGk: Barlcafé £439 £457 4. Dobtor8 Tho followlng amounts are Included In the Ml t*)ok value of debtor8.' Am