HAINAI'LT TrORESTI'OMMIINfrY ASSOC'IATIO RLPORT AND fr'IliANflAI. STAT&.MkNTS OR THL YEAR F.NDkD JISIT MARI'II 2024 Charity NO: 308119
HAINAI'I.T FOR&:ST C"OMNIIINITI' ASSOC'I,ITlnN coN"rb'NI .wl and ..Idministrtiv¢ Informatio Report of ihe Trnstees Rtptsrt of the ldependen• Tr.xaminer ittemen¢ of C'ompr¢hen$ive In¢ome Siilemtfyl of I'hani¢s in Restrves S¢•iemenl of Trlnan¢i•l Po%ition St&temtn¢ of C'ashlhwi Nolej Trormin% P4rt of Ib¢ Tr'inancial Sll¢menti 13
HAIYAI,'LT FOREST I.'OMMI:NITY ASSO('.IATIOY LEGAI, AND ADMINISTK4TIVE INFORMATION OR THE YEAR ENDED 31ST MARC'.H 202$ P2e I Trn$tttJ Chair Ms L Cray Vice Chair Mr l. Heffemtsn {io Ck'tolK'r 2025) Mr S Rainey (from ()(lor 2025) Tr¢urer Mr CJ P8PWOrth Ifrom October 2025 10 January 2026) Mi551th Farrell (from January 2026) Se¢rclary Ms J Ilurl¥y (from 5epiemt¥r 2024 O¢iob¢r 20251 Mrs S Burton (from Ikiober 2025) Ms J Win8 CIIT M Santos Ilo April 20251 C'llr J Il¢hir April 2025 C Ilr R l.mmett {to April 2025> Cllr S Ali (lo April 2025> Cllr S Ciould {lo April 2025) Cllr l. Rahman (to April 2025) Miss l.. l.arrell Ifrom No%'cmber 20241 Mrs K Rain¢y (from I,r 20241 Mr K IA)vie (from {kber 2024) Mr l. I lany Ifrom Novl'rnbcr 2024 to I'¢.bru8ry 2U25} Mr R I lardinwn Ilrom ()¢iok.r 2U24 10 Oclobcr 20251 Mr l) JonLS {from ()CtoT 2024 10 ScplLmbL'r 2025) Ms J IlurlL'y {from CklobL'r 2025} Mr Ci l.ivernK)rc Ifrom January 2026) Mr P SimnM)ns Ilrom January 2026) C Ilr 11 Mullis Ifrom January 2026) Mr 11 Forb¢s Ilrom January 2026) IloldiTri Trnittti Mrs I Webb Ito frebruary 20251 Mr D 'lowor (to I'l'bruary 2025) Prin¢ip•l oir IOOB Manford Way, Chi8well, 1,'$3ex. IG7 4DF Independent kxmlner IrraIn¢ Cath¢rin¢ Purdy FCLA Clay Ratnag¢ Daffin & Co l.imi*d ChartL'rLd Accounlanls and Stsiuiory AuditOT5 Suitc l). 'lThc Bu5ine55 CLnlre Faringdon Avenuc Romford .ssex RM3 8EN nk¢rJ Lloyd5 Bank Pl¢. 1-3 Markei Place. Romford. F.sscx. RM13AA
REPORT OF THE TRLSTEES OF HAINAL'LT FOREST COMMI,NITY ASSOCIATION FOR THE YEAR ENDED 31ST MARCH 2025 P#8t 2 -l-he tnJsiee8 pres¢ni iheir report alc)ng wilh IIK. lini)llLial Jl¥mcnis ol'thL ch&wity lor the vcar endL'd 31" March 2025. 'fh¢ finanlial statcmcnls havc bcin prepared in aec()rdancL' wilh ihL' aLLouniing policiLs sei oul on page 9 to 10 and Lomplv lIh the Lhariiv's Irusl dLYd lind appliLable law. C'onsti¢u¢ion and objottlves Ilainault Fore51 C'ommuniiy Aswciaiion 1% LonslituLLd undLr a Irusi dLLd and is a rL'8isicrcd ¢haritv No 308119. 'hL' oh1L1$ ofihL ch&iril)' ar< to pn?miTrtL thL. bLnLfii of thL inhabitanls of I lainauli and thL nL'ighhourhDod hy 115SIKiJling ihL Ioc4114uthoriliLS. voluntary. organisalions and inhabitants in Lommc)n L.Ifi)rt io advancc Lducali()n and to proi idc lacilitiL's in ihe intLreslts c)I' }cIal welfJrL l()r rccr¥alii)n Ld IL'isuri-limL oLcupalion wilh the obje¢1 i)l- impr()ving ihL Conditions of lil¢ Ivr IhL said inhabilants. Or2nlsational Strn¢lure I'he IruslL¢s who havL SLrvL.J during thc )'¢ar and sinL¥ th¢ >'car Lnd arc SL'I out on pagL. I. 'I'hL' charil>' is administLrLIl by a marbagLmenl Cvmmiltcc. also Set oul ()n pagc l. wh(1 arL LILLlcd al thc Lharily's Annual CJcllLral MLcling. 'I'hL managc'mLlli iommiltLL mLLt rl'gularly lo di8Lu&6 Ihc siaiL' of Ihc chariiy and to dLcidc on Ihl fuiurc dl15t0nS Ihal Ih¢' chariiy should iakL. Financial revlew, Aehievements, Performan¢e and Investment Poll¢y 'l-h¥ rL'sulis r()r thL !L'&if 4ir¥ 8L*I (iui in IhL. 4itatLmLnl of C'ompN.h¥nSiVL Inci)mL on pa8¢ J. 'I'hL charity has gcnLraicil income ol- £490,285 during ihc >'car and hos c¥pLnd¢d £510.925. l)uring ihL yLar ihe Lharilv rL'LLivcd grants i)1- £26,28012024.' £26.8501. Ol. Ihc 2025 grants r¥xciv¢d, all WL'N. fr()m thL' l.ondon Ilorough of RLdbridgL. NursL'ry fLL incom¥ for ihis )'L'ar is £378.739 Ll)mpar¢d 10 £332,532 in 2024. Am<)unis paid i() employ¢cs have inLr¢a8cd ihi$ year to £418,568 Irom £.165.1186 in 2024. In¢nmL' Irom nurscry LharBLS h&lS improvLd in 2024-25 duL' io an incr¥JSC in inclusion lunding. Nc) covenanied rL'ceipt ha% bL'cn rL'Lcived In)m IhL. S(Kial C'lub duL lo IhL' impaci of Losl i)l- living prcssurL$ thai havL. been secn across the hospitality induslrv. Mdnagcmeni ci)niinuc ti) laLe thL' ¢hallLnges i?f managing costs in an inflaiionarv Lnvironmcnt, so havc bc¢n wi)rking ivith Ihc managemcnt l¢am 14) d¢vis¢' an action plan lo manage Ihe charily's rLs¢fvL5. 'I'h¢ Lharily h&8 no fulurL plans ihal will alleci th¢ balanLL qhL%'t as at the yc'ar end. nor have iherc b¢¢n any signilicani 1inanLial Iransaciion% sincc IhL balance shcci dalc. "h¥rc ar¢ no reslrictions on th¢ lharitv s powLr io inve3l. R¢5erves Polity At Ihe balancL' shL¢l date the Lharily has unrL'Stri¥t¥d r¢sL'Th'LS 01. £286.790 (2n24 - £327.n3n} . 'l-h¢ commill¢¢' considL'r rLK'ry¢s of no1¢55 than fifty rLrcenl ofihe charitv s running ¢05ts should be held a5 usable res¢rves.
REPORT OF THE TRLISTEES OF HAINAULT FOREST C.OMMVNITY ASSOCIATION FOR THE YEAR ENDED 31ST MARCH 2025 Itont Page 3 Rigk management The irusiees hav¢ ¢xamin¢d lh¢ major slraiL'gic, business and opL'ralional risks w'hich the charitv lacLs and Lonfirni thal syslems have been estahlishvd io ¢nabl¢ regular rL'POrts li) be producLd w thai ihL' neLessary .sieps Can taken to lessen ihe risks. Publ1¢ Benelh With reference to the slated objectives and aclivilies, lh¢ iTUSt¢es provid¢ publi¢ beneftt to th¢ residents or Hainauli and the SuOUdIng area by providing prL-school eduLalion and social w¢llare for re¢rL'aiion and IL'isur¢ lim¢ O¢Lupations whi¢h improN'cs the labric ol. lilc lor th0 thal usL' Ihc lacilily. 'l-he iruslees are, accordingly. able 10 confirnl th Ihcy havc complicd wilh 8eciion 4 of Ihe 2006 Lhariiies Acl to have r¢gard io guidancL publish¢d by IhL Charity Lommission. Trustees, regponslbllltles In reltlon to the flnancl41 $l¥¢ements 'Ihe irusiLes are responsible Ic?r prL'paring Ih¢. I'rusl¢¢s Annual RLport and ihl linanLial Sial¥m¢nis in aLLordJnc¢ with appliLablL' law and UnitLd Kingdom ALCI)unting Stnndards Illniicd Kingdom Gcncrally ALLL'PtL'd ALcounling PraLliLL). 'I'hc law applicable to charities in F.nglÉind and Walcs r¢quirL's the IruslcL'S lo prcparc financial slulcmLnls for C&iLh rinancial year ivhiLh give a IruL' and fa. ir viLw i)f IhL siaie ol. atlaipa ol'ihL' Lhurily ld i)fihL' inL()ming rL'8ourLLs and &ipplicalion of r¢sour¢L's ofih¢ charily for Ihal pLriod. In prl'paring ihos¢ linancial staleml'nts, IhL Irus1¥x iifL rLyuired io: sL'ILYi suilable accouniing policies and thLn apply ihLm LonsislLntly: observe Ihe melhods and principles in Ihc Charities S()RP' makL judgemL'nis and LSlimatLs Ihat ari, N'&8onahlL and prudLni; Sthle wheihLr applicable standards and siai¢mLnis i)I' rL'Lumm¢ndL'd practice have been followLd, 8ubjecl 10 any departures disLloK.d and LxplainL'd in Ihe linancial staiLmLnls.' prepare the linancial siaicmcnis on Ih¢' going LonL'¢rn b&sis unless li is inappropriaiLs io prL'sumL ihat lh¢ ¢harily Ii'ill eontinuv in busines5. The trustees arc r¢sponsibl¢ for k¢¢ping proper a¢couniing re¢ord$ thai dis¢l()se wilh reasonabl¢ ¢uralY al any lime thL' financiiil posilion ol'ih¢ khurily and c'nabl¢b them io ¥nsuKi ihat IhL linan¢ial slaiem¢nls kompl} with thL C'harili¢s Act 201 I, lh¢ Charity (Acrounis and RLportsl Rvgulaliuns 2008 and ihL provisic)ns 0l-1hi> Irusl dLYd. They are also rL'spoll5ible for safeguarding lh¢ as15 uf Ihe Lharily and h¥ncL lor taking aSonabl stL'PS for lh¢ pr¢vcntion and d¢teclion ol. fraud and oih¥r irr¥gularilics. Approved by ihe Iruslees and signed un Iheir bLhalf on aJJth 2ozL by: Ms L Cray Chair
REPORT OFTIIE 1DEPEDENT ElF. TO TIIF. TRI'sfF.Tr_% OF OTr. IIAI%AI,'I.I' TrM)REST fOYMI.Nin' A&SOCI.4TIO nR TIIE IF.AR EDF.D 31ST fv1ARI'II 202$ P•it 4 I ItrA)rt 10 IhL' LharbN IWU5U ¢xaminion uf th¢ financwl stsienxrtsts of Hmiuli Fthrest C'ommunin As5oriaiion for Ihr )'t8r eDO¢d Il. MaTLh 2075 are w oui Im pagts.S 10 13 Rt%poDyibililies bJJTri of rewrt As Ik wh¥Tity'$ IT51¢¢$ •r¢ rtsN)nsibl¢ for the prepaiaiion nf the ac¢ount$ In a¢Ll)re wilh the tE4uir¢m¢nts iTrl C'haFili¢s Aci 2011 l-the A¢i'i I r.rt In olmy ¢xalliinalx)n iTrf Ihe &harity's arcounts out SlEts 14.5 of lh¢ Ad IA 4rTrifi8 Dui m> ¢¥4mEnBLion I ha¢ follow¢d all the appl1¢ D1reLIIiI Rii¢n by the LharJi> CornmLssion uthr I¥( 1451 Sybi i)1 ihL IndtptDdtoi eymintr'$ #tiemtDI Sini¢ Ihe ¥harit)' 5 gros5 [c¢ded £?S0.(KJO y(bUf vxamirr mosi bc a rtKmkF of listd in serlion 14$ of lh¢ A¢1. I corÈfirm Ihai l am qualificd to UleIkt Ihe ¢uIt0 bcco¥s¢ l #m a nmbef of Iht ASiocbèin of L"harttred Ccrtifi¢d.4rc()unitnts. wthich is ohc olthe Iksied i¥yJies I hJv¢ comp]atd mv ¢%•MÈtta¢K l confir1 Il•1 maienal nutt¢rs have comr my allenliofi in ¢onn¢£tM with Ihe cx4min¥iMNI 8ivin8 ME iause 10 b¢li¢ve ihi In I. maT¢rwl Ic51 actl)UMing r¢¢ord5 wcre k¢pi in rc5[ of ihe chan"ts' a5 l¢quir M. 11 130 ofih¢.14cl. or Ihc acKovnts do aLcord with tknsL r¢wd5. 3. th¢ ¥cts¥nts th not comply wlih Ihc applLcablt requircTs miccrning ih¢ forni atsd of 3¢iOUDlS sei ¢)ul in lh¢ C-haTIIic$ 14c¥ounts and Ren5> Regylalions 2(M)8 oih¢F ihatt art% Ihai thc oc¢otsNs give 4 'Irw and fair iL' HhJ¥h Is noi a manci COELsi&'rLbd ag PArt of an ind¢pendcnl exami1 I h4v¢ concerns athd halt comc no otk¥ miiws in con[tion w41h Iht examinaiion kn whh aNenlion should b¢ this rerKn in ordcr enabl¢ 4 prow ¥Ddtt5thNJin8of the £ounts to rcached Mr% IA)rrine C'ibtriTht Pknrdy Fl'('A C'li> Ra¢nait Dtri & C-o l.im•ltd fhartered Act•llDlNIs Sui1¢ r). ITh¢ Elusiness C'¢nii¢ Romford. RM3 ¥1-.N l)ale- 2r JavLQy 207
HAINAIILT FOREST COMMI:NITY ASSOC'.IATION srATF.MENT OF C'OMPRF.HF•iYSIVTr: INC'OMfr: FOR THE YE,IR ENDED ON 31ST MARI'II 202.$ I,orestricted Unresiricthl funds Note 2024 INCOME AYD EXPLNDI'fi':RE In¢ome Aetiviliej In further•n¢t of ihe C'hrlty's obje¢¢s Cirants Received A¢ilvltl¢s for ffenera¢ini (und$: Sundry Inwme Inlercsi R¢¢¢iv¢d 26.280 ?6,8511 46J.604 401 442, ?90 3YI T(tylal ID¢ome 49U.285 40P.537 F.xpenditu C.hritbl¢ exptndlture Mana8Lment and Administrolion 530.925 473.352 'rotl Lxpendilure 530.925 473,3J2 To¢1 Comprehenjive bxpenditure for ¢he ver 140.6401 (3,815
11,IIN,II'I,T FOR&:f¥T C'OMMI'YITY .ISSOC'IATlnY S'1-A'ffr.MTr-w'r ()Tr C'llANC•Tr;S IN RF.SF.RI'F.S TrOR TIITr: I'F.,IR fr-YDTr:D ON 31SI' M.IRC'II 2024 Pa%¢ 6 ID¢omt Ind Rtjirlcted expenditre reserve reserve Toll Balan¢c &q at I. April 2024 327,030 327,030 Totsl u)mpr¢hensiL exp¢ndilurc lor lh¢ yLar 140.6401 (40.6401 Balancc as ai 31° March 2025 286.-190 286.390
HAINAIILT FOREST C'OMMI'YITI, ASSOC'IATION STATEMENT OTr. FINAN('IAI. POSITION AS AT31ST MARCII 2025 P*it 7 IOW ASSETS FIXED ASSF.TS Centre F.quipmeni and F'urnilure IM¢hold Impn)vemcnts 10 10 5,302 213,129 218.431 7.065 2YO.943 C'URRI.'NT ASSk.TS Sundry Debio ank Accounts Lash in Iland Omrd by HFCA 141 Club l.imil¢d 2.039 14.495 soo 73,379 90.413 7, ?23 38. 772 Joo 77,31 123,8QS CREDIIORS: duc Mrythin on¥. yLar 'rrC Credilor5 Sundry Lredilors 576 21,878 22.454 450 24.333 ?4. 7RJ NE I. C'UKRF.N-I' A55F.TS 67.459 99,02? NET ASSF.TS 286.390 327.n3n SOURCL OF FUNDS A¢¢umulat¢d Fund 286.390 3?7.1)30 Approved by duly authoris¢d nK'mb¥'r5 of ihL Manag ill L CRAY CJ PAPW()R'I'II S BUR'foN Date.. 202L
H,IINAI'I.T frORF.,ST ('(IMMI'NfTY ASSO(:IATIO PA8e 8 AS ATJIST M,IRC:112024 2024 C'agh from optraiini ctiviiies Ncl ¢XallurC f(br rqx)rtin8 trI(1d <&$ P¢T ihe %tst¢mcni of comprehensive IniomL 140.6401 (3.815) AdjystmtDls for l)Lvr¢ciain chargLS Inlcrc%l rLYwved D¢¢TLas¢/lin¢re&s¢l In d¢btt)r {Ikcr¥wllinircw in Lr¢dili)r% lQ.166 (391) (1,378) 11,?59 14011 12.329} el r45h provided bv I inl operaiini •ctivili 124h781 15.841 C-#%h flow% frow inv¢%iifyi #¢tlvltiei l)Ividthids. InlLrL%l and rLmiS rccciv¢d 1knr¢h0 i>l'prop¢rty. plani hnd ¢quipnK'nt 401 (567) el tJh In lThw¢silni ttlvlti¢J 4fj1 (1761 C'hnie ID ¢ih Ind fJ&h eq1vIlertlI in Ihc r¢portlni period {24277 15.005 Cgih and esh equivlenl$ 4¢ l#t ,Ipril 2024 J9272 23,607 C•Jh Ind tg8h equivalenti mi Jlit March 21121 39.272 Reprented b).: ('Jh It b•Nk and in hlthd 39.272
HAINAI,'LT FOREsf ComlI11Ty ASWCIATION NOTES TO THE AC.'I'.OiINTS FOR TIIE YEAR ENDED ON 31ST MARC'H 2025 PA#¢ 9 I. ACC.OLNTING TrIL4MEWORK AND ACC'OIINTING POI.I('ILS A¢¢ountiog fr•mework The charity consiituies a public betbefit cntity as defined by FRS 102. The fInKIal $iaiemenis have been prepared in accordance wilh A4'Lounling and RertIng by C-.harilie5 %taiement of R¢Lomm¢nded Pra¥liC¢ applKabl¢ 10 charJli¢5 pf¢pAriDg ih¢ir accounts in •¢Lorilanc¢ with the Financial K¢portin8 Siandard &ppliLabl< In ihL UK aThJ Republic of Ireland Issued in (k'iober 2019. the frinaniial RenIng Siandard applicable In ih¢ L'nit¢d kinsthm and Republic of Ir¢land IFRS 1021, Ihe Chritjes Act 2011 and UK G¢rtrally Accewed AcLouniin8 Praciic¢. Tr rinarKi41 stsI¢Trts ar¢ Pr£pd on 8 80in8 conc¢rn bjsis und¢r historiGal cosl CL)nvL'niion. Th¢ financial slalcm¢nts are pre5¢ni¢d In si¢rliThB whKh Js tb¢ furKlional currn'ThLI' ol'thk ih4ril* arO found lo th¥ nEark%i £1. b) Cieneral funds ire unrestri¥ied lur#ts which ire availible for use ai ihe discli0n of Ihe Irusle¢s in furfher4n¢¢ ofi B¢n¢rnl obJ¢divts ofihe ¢harity and which ve rtt)i b¢¢n designaid for oiher purywcs lll¢om¢ re¢01119 In¢om¢ Is broy8ht into tccounl wh¢n 11 1$ rnore ljkely Ihan not ihat th¢ uonomic nefit ofthe Incornc will rue to the Lh8rLty dl Expt•dllure Thig is reco8nis¢d when a IMbiliPJ is InLurred. or 8 ¢onsiru¥llV¢ obligalion aris¢s. thai rc5u115 In Ihc payment being unavoidabl¢ Liabilities ar¢ rccO8nid as soon as an outllow ofccvnomi¥ IK'n¢fil Is ¢on$iderLd nw)r¢ lik¢l)' than TM)I under th¢ legal or Con51nlI. obli8alion u)rnmillinB lh¢ Chariiy io pay Olrt r¢sourL¢s. ei TIoRlble fixed imetl Ind depreei•tioo These ire eipitslised ifihey Can be used for Ire than one yr IkpreLiaiioTh is provided on all 14n8iblc fix ass¢ts •¢ raic5 calculaled to wrilc oll. lh¢ cosi ovcr thcir cxpc¥lcd uscful lives is follows CeDtre Equipmeni ond FyrniluT¢ Ixasehold Improvcmenis 25Y• Reducing bilance ILxcludin8 th¢ veTandaCanO - 10 ycars slraighi lin¢) 2% Strai8hl lin Gov¢rDmeJi Graots Grants ore re¢ognised annllY only as and when anv p¢rforman¢¢ ¢otKlilions atia¢hing io the award are met. Government graD15 Include granls rw¢ivabl¢ from l.orvJon Borou8h of Redbrge In res1 of Nursery ftts for ¢hildrcn r¢8iSt¢red with thc Charity. liowemmeni 8rnnis received for ¢•pitsl expendilur¢ are reeo8nised as income over Ihe useful life of the a55el and. whw¢ appli¢abl¢. its ittdjvithl componems. under ihe accnwls rrM¥J¢l.
H.41NAIII.T TrOR Tr.ST COMNII'NII'I. A&S(KIA TI()N 'C)TI.% T() THTr. A('(.'()I'Ts FQR TIIF. YF.IR EYDED ON 31ST MARCII 202£ I) VA'I 8ince Ihe C'harity Is noi VA T reBisiercd. all Lnpul VAT is ¢h8rg¢d wilh ih¢ ¢xpcnses which it r¢lai¢s bl eorS ADd tredllors: •nd t•sb t)chtLirs are siaied at the amounis owed tts lh¢ ChaTIty OT prepaid. Creditors ar¢ tniithlly r¢co8niscd hi scltltmeiii amounl an&1 #ny trad¢ disrounts. whcr¢ n(irnl cr¢dil i¢rnis appl). Of •rnouni advin¢ed ID Ihe C'hariiy %ubsequenily credilofs ihai ar¢ curreni lbill11c$ are m¢asutcd ai ik cash or vih¢r ionsidcrali(TrD ¢xpccied 10 b¢ paid. Th¢ Ilquid funds of bank balaThc¢s And deposit ¥c¢ouni balanc¢s aT¢ showrb 81 Ihc reallble values. Th¢ Charily Otal¢S a defihcd contrihuiion plan for ils emplov¢¢s A Jefincd ¢oniribuiion pl#n is a nSIon plan und¢1 which Ihc L"harily poys fixLd lonliibuiions Inlo a s¥Tal¢ Qnlity. Onc¢ contribulion5 have b¢cn paid Ihe Charily ha5 funh¢r paym¢DI obli8alion$ .1 hc conlribuiions OTC f¢L1J8nid as an LxpLns¢ In ih¢ Si•i¥m¢DI of Compr4h¢nsiv¢ In¢om¢ wh¢ts Ihey f811 due Amuunls patd aw¢ shown in aGrTuil$ as a liBIFilily In Ihe 5taicmeni (Trl Trinat)Lial Po51111Trn 'lThc ass¢is (Ifihe plan are I.10 s¢'paralclv liom the C'hariiy In Ind¢n.l1Y admini$lcr¢d ful5. •ntial iDxlrumenlx I'hc CTi only eniers inlo basic lina11 In8irumcnl4 transi¢iions that re8uli In thc r¢co8niiion of fiMn¢ial as15 and liabilitS like irndc Jnd t)ih¢r dcbiors and ¢rcdil(Trrs kl (ioini to¢¢r 'I'he eh8iiiy's ptrformaTK¢ his been Impscied bv Ihe Covid-19 pandcmic ind subsqueni innilionary environmcni. redLKin8 and in¢rcasirt8 Eibsis al a 518iiili¢ani raie. Mina8enKnl hav¢ d¢vised an a¢tion plan to Imprijve income and mana8¥ ¥osls ar ha%c additional 8raThl fuhdiD8 ti) bolsier ¥ash res¢p4es Ai th¢ lim¢ o(approwin8 Ihc financial sthtennis, Ihe Irus¢s hjve rea141¢ ¢xpccthiion Ihai ihc chrity has ad¢qtsaiL r¢wufccs 10 conlinuc bn opcraliol eyisicncc for A perii)d of 12 monihs from ihe appro%al ofihe fiMn¢ial siaierncfiis. In 4rrLvin8 It their ¢orKlusion on 8oinB £onr¢rn. Ihc iruslces havc prc¢Mr¢d a cushflow forccasi through lo 31 January 2027 based on rcasonablc a5$Mmwions and b¢sl c%tim81¢5 of monthly in¢om¢ and ¢xpendilure and reviewed lh¢ charily s curreni level ofra5h r¢servcs I'hg ¢ru$iS havc noi Id¢nlificd mai¢rial unrcnainty with regard Io 8o¢ng Lonc¢rn. and ih¢rcfore ¢onlinu¢ 10 adopl lh¢ going ¥onc¢rn basis of•¢counlin8 ID pr¢ring ih¢ rinancl stai¢iiKnis 2. (:F.F.RAI. INFORMATIO Ilainauli For¢¥i Cornmunil>' ASSballO 18 conslitud under a trust deed and 15 8 regisler¢d ¢hiTity N(Tr 308119. Thc C-hariiy'% priniipal pla¥¢ ofbusincss 1$ I[¥ Manfi)rd Way. C'hi8wcll. l.'ssex. Ili7 4DF J. Jl"D(IF.MENTS IN APPI.YING AC.'('OI'YTINI: Pnl.IC'IF.S AND KF.I' SOI',RI'.FS OF ESTIMATED IIN{'F.RT,IINTI' -rhew are no signifi¢ant Jud8¢DYnts coniaiD¢d in th¢ accounts.
HAINAL LT FOREST COMMLINITY ASSOCIAI'ION NOTESTOTHE ACCOI',YTS FOR THL I'EAR ENDED ON 31ST MARCH 201 PAge 11 2024 4. GILINTS RECEIVED London Borough of R¢dbridBe 26.280 26.850 26.280 2tf,850 2024 S. SIINDRV IWI.'OME Re8vlar Hir¢ and Room Ilir¢ Membership Fc<s Nur%ry C'harges Lov¢npnd R¢ceipt 80.402 4.463 378.7341 96.575 4. 7n4 332.532 8.485 461.604 442 296 2024 6. MANAGEMENT AND.IDMINISTIL4TION Wa8es Busin¢ss and w¢r Ras Cia4 and F.leLn"city I'tlephone Insur¢< Mainicnan¢¢ and Rwirs Office Supp11¢5 ond %iioncry Posiage (irass Cutlin8 Indedent F.xamin¢rs Fees L¢8al and Profwional Fe Nurs¢ry l..xpens Battk Char8¢s and Intere Refuse Loll¢¥iion Rcrtiokil Sundry EXpS 'rv Licen¢¢ Compuler E'xpens¢s Wnters Grijup Dq)reCia1- L¢Ls¢hold Imprvv¢rn¢nts D¢prlaIl0n- Cenlre Equipment and Purniiure 418.568 365,086 5.137 3.337 23.040 24.095 5.369 5.J33 2.968 16.006 S.449 22.pll 4.515 IJ JS 2,7)4 300 2,808 4.495 23.164 763 20.821 749 5.341 1,726 496 170 3.753 1.795 7.814 1.763 4. 716 1,354 35 159 3.185 2.352 530.925 473.552
H.IIN,II'I.T FORF.ST I'OMMI'NITY .4SSOC'IATlnN No'rF.S TO'IIIF.,IC'C:OI'NTS TrOR TIIF. VL,IR Tr.NDTr.D ON 31ST MARI"H 202$ P*ge 12 2024 7. SI:NDRY DF.BTORS Nursery Tr¢¢5 ()Ihcr Debr5 1.418 621 952 0.271 2.039 8. C'RTr:DITORS uc wiihin one year.. 2024 NurKry' fvccs Pr¢paid IM RcvL'nuL & Lus¢oms- PAYI.. & NIC" Ind¢p¢ndLni l.'xamincrs FLC8 Ncl WaBLs l.lght and Ilcal MLrnlK'rship l.ees 480 8,350 2.808 ,08 2.n95 2.065 2,209 .71n 2. 724 5.572 2.40n 2.718 21,878 24,333 9. F.11P1,OI'F.Tr.S Th¢ overage number 0fr8n5 Lmplthyed durin8 ihe ycar was.. 2024 Adminislrglion 21 20 '.mpli)ys CO51% w¢rL' as fi)Ilows'. 2024 Wagis and salarhis Social s11Y costs PLnsion costs 390.430 342, ?75 22.510 17.021 5.628 5.190 418,568 365.086 Durin8 ihc year no remuneralion or cxp¢nses Ere paid to th¢ Irustecs (2Q?4- £Nil).
HAINAI'I.T FORF.ST C:OMMI'NITY ASS(K'IATION NOTES TO TIIE.IC'C'OI:YTS TIIfr: Yfr.AR b.NDED OY 31ST MAR('H 202 Pale 13 10. FIXED ASSETS Ika$ehold I'tnlre Improvemethts F.quipmeTrl COST Ai 31. March 2024 Additions Disposals At 31. March 2025 390.703 166.686 390.703 166.686 DEPREI"IATION Ai 31" Marlh 2024 Lhar¥¢ for Y¢yr DcpN'cialion on disposJls Ai 31. MarLh 2025 169.760 7.814 159.621 .763 177.574 161.384 Nfr:T Book I'AI.I'Tr. Ai 31. March 2024 221J.943 Ai 31. March 2025 213,129 5.302 11. FI:NDS Ilnresiricied funds LMprise those lunds which lh¥ Irusl¥¢s arc fr¢¢ to usc in accordan wilh the chariwble objcilive& subject to ihc r¢s¢rv¢s li¢V r¢f¥rrcd to in the IrustLLs r¢Fx)rt. 12. RKI.AT&:D PARTY TILllif¥A('TIONS Th¢r¢ ar¢ no r¢lakd pty iransaciions Ihal require dis¢losur¢. 13. PTr:N.SION C.0111Tlb.T The Charity operales a delincd contributions pcnsi0n.4chcl. 'lTh¢ ass¢ts ofthe schcmc ar¢ held separately from th0. of lh¥ Charily in an ]ndLn(K"nIIY adminislLrid lund. 'I'he plnsion Lot&1 r¢ps¢nI$ Loniribuiionb payablL by Ihc Charity to lh¢ fund ond amountLd 10 £5,628 1?024 _ 15. 19n). Conlribulions toiulling £2.509 12024- 11.577) were payable to Ihe fund ai the bal4n¢¢ shc¢i datr WMI are includcd in ¢rcdilors.
AGM-CHAIRMAN’S REPORT (HFCA)
My special thanks go to the endeavours of all the staff, for their continued support and loyalty during the challenging and somewhat perplexing times since the outgoing management team left. Everyone has, and continues to, pull together to support the perpetuation of the HFCA and also ease the burden for the Management Committee, for which we are all very grateful.
HFCA continues to offer a wide variety of activities and we still maintaining an excellent relationship with the Inclusive Communities Group.
HFCA is seen as a focal meeting point for the community and works in partnership with many different organisations to ensure a diverse range of activities for many different residents of the local area and beyond.
Having responsibility for 30 members of staff can be daunting at times but we like to think we keep a ‘happy ship’ and our turnover of staff reflects this.
L.B. Redbridge (LBR) and specifically Gareth Morely and his team at Vision, as our landlords continue to support us with an annual grant. They have undertaken repairs to the outside of our buildings, eg. new fire doors and roof maintenance in a timely manner, we appreciate their support.
Vision-Redbridge Culture and Leisure, are a company that run many leisure facilities in LBR, including libraries, arts, sports and amusement facilities.
The long-standing nursery manager and 2 of her colleagues decided the time was right for them to move on, we thank them for their work and wish them well in their new ventures. The new management team appear to have settled in well, we are looking to extend the nursery hours in the future.
The bar/social club is making a slow but steady recovery from the set back of COVID and we hope this continues
AGM-TREASURER’S REPORT (HFCA)
COVID severely affected our financial situation. Although the UK lockdown ended in 2021 HFCA did not see an immediate return to previous usage of the facilities. There are several reasons for this. The demographic of the area has changed hugely and the current economic crisis does not help. The reduction in footfall relevant to the general activities, bar and nursery impacted upon our income in the post COVID years.
It appears that since the new management team have come on board, we are seeing a slow and steady increase in income, we hope this will continue.