Trustees’ Annual Report for the period
From 1[st] January 2025 Period start date To Period end date 31st December 2025
Charity name: Norton Canes Community Association
Charity registration number:511674
Objectives and Activities
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SORP reference
Summary of the purposes of Para 1.17 Providing opportunities to promote
the charity as set out in its community wellbeing and improve quality of
governing document life for Norton Canes residents and local
communities without distinction of political,
religious or any other opinions. To maintain
& manage the Community Centre to a high
standard.
Summary of the main Para 1.17 and Accommodation for activities to provide
1.19
activities in relation to those opportunities for the enhancement of
purposes for the public physical and educational wellbeing of local
benefit, in particular, the residents.
activities, projects or
services identified in the These include:
accounts. Brownies
Card classes
Children’s Dancing classes
Dancing & Social evenings
Gentle Fit Boogie
Indoor Short Mat Bowls
Judo
Sewing Classes
Slimming Clubs
Social Groups/Communities
Sugar craft
Tai Chi Club
Wednesday Social Club
Wellbeing Group
Statement confirming Para 1.18 All trustees have had regard to the
whether the trustees have guidance issued by the Charity
had regard to the guidance Commission on public benefit.
issued by the Charity
Commission on public
benefit
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Additional information (optional) You may choose to include further statements where relevant about:
SORP reference N/A
Policy on grant making Para 1.38 N/A Para 1.38 Policy on social investment including program related investment N/A Para 1.38 Contribution made by volunteers N/A Other
Achievements and Performance
SORP reference General up keep to maintain a high standard of the premises and upgraded the kitchen. Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | N/A |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | N/A |
| Investment performance against objectives |
Para 1.41 | N/A |
|---|---|---|
| Other | N/A |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Refer to annual report |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | N/A |
| Amount of reserves held | Para 1.22 | N/A |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | N/A |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | N/A |
| Other | N/A |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Association |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | At the A.G.M every 4 years |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | N/A |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | N/A |
| Relationship with any related parties |
Para 1.51 | N/A |
| Other | N/A |
Reference and Administrative details
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Charity name Norton Canes Community Association
Other name the charity uses
Registered charity number 511674
Charity’s principal address Brownhills Road
Norton Canes
Cannock, Staffordshire
WS11 9SF
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Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Ian Reeves Chairperson
2 Ian Reeves Secretary
3 Jacqueline Earp Booking Clerk
4 Annie Betts Treasurer
5 Jenny Dunn
6 John Preece
7 Jean Hill Council Rep
8 Dale Bilbie Parish Rep
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
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Trustee name Dates acted if not for whole year
N/A
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Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser | ||
| N/A | ||
| Name of chief executive or names of senior staff members (Optional information) | ||
| N/A |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
Other optional information
Declarations The trustees declare that they have approved the trustees, rnport above. Signed on bohalf of the charity's trustoes Slgnature(s} Full namels) Position (eg Socrelary, Chair. etc Annte 8etts Treasurer Date 08m6126
Charity re8iStr&ion numiw. 511674 Norton Canes Community Association Annual Ren Finala1 sements forthe Year Ended 3 l De¢¢mt¢r 2025
Norton C4D¢s Commullity Association Contents (continued) ReferetKe and thin1str1ve Dthi15 Trusitts. Rew)rt Statement of Trust, R¢gwJDsibiliti¢5 Independent Examittrfs Rwrt semeM of Finfinciai Aaiirylies Balance She Noies io FinAncial Statemeffls 7t0 14
Norton c¢$ Community itssociatioD Reference Administrative Detsils Chalrnia lan Reeves. Chair & Secretary Other Offleers Jenny thnn Annie Bths. Treasurer JaCqUeliT Earp. B¢)okin6 Clerk Dale Bilbie J HIL Ch•iity R¢¥¥tr¥tth)n Number 511674 PriThcII Offlte Bmwnhill$ Ro Norton Catys Stsffordshire WSI 19SF Indendent Euminer Chase A¢untaY Limited 4 Sthiion Court Girton Ro Cannock S¢affordshire WSI I OEJ Page I
Norton CaDes Community A8sociatioD Trnstees, Report The ttustees Jxesent the arnual re) Etther with the financial statemej ofthe chtty for the Jt4r eThkd 31 December 2025. Objeetlves Ind ietlvltles PubllcbeneJ71 The charity o]xres a Community Centre for the tr¢rfii of the local community. The INstees confirrn have complied with the wuirements of s0 17 of the Charitie5 Aa 2011 to ve due rewd io the publi¢ E*nefii 8uidan¢¢ published by Ch)rity Comrnitsion for England and W¢$. Tr 8Tmuai repTrrt was apw)vtsJ by the trustees of the charity on 25 March 2026 and SI¥d on it5 lthlf by. Amie Brtts Other officer Reeves Chaimj Page 2
Norton Canes Community Association Ststement of Trustees, Responsibili18 The tretS are rttw)rL%ible for weprin8 th¢tnLStee5' rewrt finwhd staternents in (X)rde with the United Kingth)m A¢¢ountin8 &andArds (Uni1 Kin8th)m Gerrnlly Accq4&1 A¢cour4in8 Prxti¢¢) 4Dd applicable I&w and regulations. The law applic8ble io chariiies Ywuir¢s the truses to prepare finla1 for exh fin•1] pr whi¢h give a true and fair vi¢w of ihe of affairs ofthe Chariiy and of ihe incomin8 reSOu¢r and application of resources ofihe ¢haTiry for ihai period. In rvtparing these financi $tementI the trusttt5 are required to.. seleet 5uiiable accounting wjlicies and then alyly them obs¢rv¢ the m¥1)$ and pri1P1¢S in the Chhriiies SORP; make judBem¢ths and estim that r¢ason•ble and state whcthcr applicable accountin8 Standvd% have b¢¢n follow¢(L wbj'ext to rnateriai artures disclosed atMI eXplaid in lh¢ firwKiai 5tstements.' and prepare the financi swements on the 80in8COtKern balis unless it is ina&yowia to pYe5ume that the chariry will conlinue in sInesS. The trustees are resEx)n5ib]e for keeping proper ¥wunting re¢vryl$ diKlose with reasonle 1r¥ at kny time the fit)Anciai N)sition of the Charity and en&ble them to aUle that the finarKial swements wmply with the Charities Ath 2011, the Ch&riiies IAc¢ounts aThJ ReFQrtsl Regulions 200& and the prnvisions ofthe onstitution. The trustees are al resTX)nsible forsafeguarding the assd5 of ihe chgrity and hence fortakin reasonable sieps for preveniion and ddefflion of fraud and oiher irregulariiies. The trustees are re5pJnsible for the maifflerwKe and int¢8rity of ¢rJrwJrate aTr4 financial inforniation included on ihe chhriiable compan)'s website. L*8islation governing the weg•ration aThl dissemination of fin8Thcia] statem¢nts wy differ from legislation in other juri3diaion& AprKoved by thetrustees of the charity on 25 Mar¢h 2026 aThl $id on its bdr by. Annie Betts Other oifj¢¢r Ian Reeves Chwrnan Page 3
NortoD Canes Community AS51tion IndependeDt Examiner's Rert to the trustees of YortOD Canes Community Asyociati I rewrt to the tru5tccs on my cxarniDa¢ion of th¢aonIS ofNonon Canes Community Association forthe ¢nd¢d 31 Decemttr 2025. Res$1b1bt1e5 of the charity iru5tees of Norton Cal$ Communiry Association are reSnsIble forthe pyepwation ofthe ¢vunts in a¢¢x)rdantt with the quIrements of the Chn'ties Aet 2011 I'the Aet.). I re[rt Lll respyct of my ¢xam1rtion of the Nortoncanes connunIty AssoCi10n.$ xcoums out under 5e¢tion 145 of the 201 l Aci at)d it) carrying out my examination I have followeda]l the applicle Dirertions givet) b), Ihe Charity Commission undtt Sedion 145(5Kb)of the Aa. Jndtpendemt exmIrtel stitemtnt I have eompleied my examiriaiioTh. I Confi that Materi mt¢rs corne to my tenlion in ¢onnedion with the examination giving m¢cayse to believe th in any matttiai ffs.. l. countIng records were Djt kept in resped ofNonon CWKS Comrnunity As9xiwion ¥5 required by ge¢tion 130 ofthe Ac¢: or 2. Ihe a¢wunis &J xcord with th)se reeords. or 3. Ib¢ au1$ ry)i wmpl). wilh the cOuN1& requiffments conc¢min8 the fomi )d ¢onteM ofa¢cou set oui in the Charities (Accounts attd Rerrt)nsl Regulations 2008 other than any r4uirement th ih¢ accounts give a 'true *MI fair vith¥' which 15 IKIt i maner con5idued wi of an iThJepetKlen¢ examination. I have concerns and have come xross M other matters in conriettion wilh the examination to whith attention should Ee dtawn in this ryrt in order enable a proper uDderswidin8 of the be reached. Rebxca Scort- Cle88 AAT QB 4 Station Court Girton Road C4tvho¢k Stathrdshire WSI I OEJ 25 March 2026 Page 4
Norton Canos Community knsociation StaiemeDt of Financial Activities for the Year Ended 31 Dffember 2025 UDTrstrKttd Total 2025 llleome ithd EnthJTmellts tkTrnaiions and legacies Other trading &ivitL¢g Invesiment income her income 1267 .267 11.940 420 31.886 4?0 31,886 Totsl income 45,513 45,513 Eipendun on: R4i5in8 fvry15 Charitable rltieS (4275) 54,803 14.2751 54,803 Totsl exF¢t)diiure N¢t exlItUTe N¢t movement in funds 59.078 59.078 113.565} (13.565 (13,565) (13.565> Reeoncllknilon of fun¢ls Tot41 funds tYsht forWd 70,799 70.799 TO fuTrJs Ti¢d fon¥ard 12 57.234 S7.234 All ofthe ctrthrtry's athivities derive from eontinuin8 opemiorts during alKbve Iwo periods. The funds breakdo for2024 is slx>wi in no 12. The tr)tes on F•ges 7 to 14 ftirm an irte[ w of these finwKial Sements. Page 5
Norton CaDes Community Association (Registration number: 511674) Balance Sheet at 31 Deeember 2025 2025 2024 No¢¢ Flxed #sstts Tangible &ssets 6,971 2.569 CunEDI llmets tkbtOT5 C&qh It t•nk and in hand 174 51,675 93 69.781 10 51,849 69.874 Credltorl: Arnounts fllii¥ the within one ye•r 11.585) {1.643 Net cvntnt 50.264 68.231 Net tstts exckndkn¥ pewloD li• 50,264 68,231 Net Mtts 57235 70.800 Fwith of the chartty.. Unrestiicted Income funth Unrestriaed 57234 70.800 Tot1 fun 12 57234 70.800 The financial siatemeftts on pAge$ 5 to 14 wert 4w>ved by the truste4 and autl¥)riwJ for issue on 25 March 2026 and $id on their E¢haif by. Annie Betts Other offittr lkn Reeves Chgimian The noieson 7 to 14 fom) an ifflegal pffi of these finwKial Sements. Page 6
Norton Community Association Notes to the Financial Sthtements for the Year Ended 31 December 2025 l A¢¢oyD¢ing pilici¢• stsiememt of Comttee The fina1 siatemenis ha beeft Fftprtd in &cordaTtt with the 5ecoTKI edition of the Ch&rities semen1 of Recommended Prxiice issued Én (knokr 2019. the Financial Rerx)ning Stsndard appltcable in the United Kingdom ory1 Republi¢ of JrelAnd {FRS 102) and the Charities Aa 2011. Norton Canes Community Associatton meets th¢ d¢finiiion of ¥ public barit entity under FRS 102. The f&counts Ifit)a¢)ciai $I¢M¢nI$} have beet) prepved u]th ik hisriCal cosi ¢onveniion with iiems r08n1 ai cosi oriransaaion value ut)less otherwise St¢d in ihe relevant rKildsl to these accout)ts. GOIDE ¢ODC¢rn The trustees consid¢r thlt thEre ar¢ no Mjtrrl unvnainii¢5 about Ability 1¢) Ixiniiiiut 8 80in8 ltstome nd endowthenti Voluntary income including IkJnion& gifi& l¢gxies and pro%Trde re fvr¥ll or •r¢ of a naiure is Te¢o8nised when the charil). has eniiilemeni to the in¢om< li is kyobable th&t income will be received and the 8mountckn be measlhred with suffieieni rtlhability. DoMailons&nd l¢84dés tk>natiOn5 and le8acie5 art reco1$ on a rvxiv¥ble basis th rweipt is wobable and the amount ekn be reliably ered. Grnntsrecelwble Granis are recOls¢d when the chtrity hAs entitlement tothe funds kny eoTrlitions linW to ihe v¢ Eeen met. 114Ler¢ Fyrfonnartt ¢ondiiions we anxhed the wi aThd we io be ma, the iome is rolS¢d &8 1 liability atsl inclu&d on the 51Kct as defcrrtd i)me to bt rcltased Invemmefti Ineome Dividends are recosnised orte dividend has been declared and nour1l0nhl5 been rK¢ived of t diwidml thie. Exptndhu Ail expenditure is reco1ed orte there is a legal orwnstrudiv¢ obli8•tion toth ¢XTxndIre. Lt is pbabl¢ s¢ttl¢m¢ni is Tequired and ihe amoutx can be measured rtliabl>'. All costs are allocated to the applicable exndItUre heading th818wegate similar coll5 to th Le8or>. WThere costs egnTK>i be directly attribJted to pArticul4r headin85 they have ixen ailoc&ed on a basis ¢onsisieth with The use of SOUrces, with centrnl aff sts loCated on ihe bftsis of time spen¢ aThJ depreciation c]w alloced on the rtIOn ofthe asset's use. Other supw)rt COSt5 are allocated based on ihe swead of siaff costs. These are colls itKurra in aiirxting %t)IuAW income, the of invesffiKnts and tk*se inTed in trwjing o¢tiviiies that raise ttd5. Page 7
NortOD CaDes Community knsociation Nots to the Finan¢il Ststernents for the Year Ended 31 December 2025 (continued) Ch¢Trli4bleortlvliles Charitable expenditure comprises costs in¢urred by the charity in the delivery of ils a¢tiviiies at)d services for its benefi¢iaries. It includes trA)th co$ can be alloced dircctly to such xtivities thosc costs of an indirect nature IitcessDry to supyjn them. Sllprt ¢0 Supp)rt wsi$ ilUde Central fvnaions atml have beth alloc8toJ to &tivity Cost catwries on a bftsis consistent with the use of resources, forexample. aJlo¢atin8 FKopew coAs by floor area4. or w c4pit4 Staff costs by the time speth and other costs by their usa8e. Taution The charity is considered to the It$ set out in I scI1t 6 ofthe Fint Aet 2010 therefore it meets th¢ definilion of a charithble company for CorN10n wry5¢$. Accorthngly, the b8riry is wieniiaily exemw from KAtiOn in respea of ino)mt orcapithj gains received within cegOries covered by Chapter 3 Part I l of the CorFK)ratjonT Act 2010 orsection 256 of the Tation of Chargeabl¢ Gains Act 1992.to the extent that suth i)Me orBains applied exclusively to charitable PUT5¢5. T•Dglble thed imets Individu fixed costin8 £0.00 or rn0 t initially recorw Itss kny sulwuettt lmlated depreciation aThl suwuent xYumyl•t¢d imp1rnll0S5u. IpCIatn aTrd amorttsih)n Depre¢i41ion is provided on n'ble fixed assets so as to WTite off the eost OT v1110. less Y estimate residu value, over their exFdtd usefvl ecowmi¢ life 4$ follow& Trnde detrto Trade de01$ nounts due from custOrnV5 for wld or g¢ryitts wforned in th¢ ordiDary course of Ixlsiness. Trnde debtors are recOlsed initiajly at the trsrLSXtion price. 17y are $ub5equenily mwured smortised cost usin8 the effective interest metknd less wovision for imkmirnient. A provision for the impairnieni of trade debtors is esthblished when there is objtttivc evidenct the charity will be able to all amounts du¢ cordin8 to tht ori¥itth] t¢rms of the rtteivable5. Cash and e$h eqthiltllts Cash aThJ equiva]erts eomwise e45h on hznd aTkl call (kp)si1s. and oiher short-ienn highly liquid investments that are readily convenible to a amouni of cash and subjKI to an in5i8nlfiTh1 risk of hange in value. Page 8
orton CaDQS Community Association Notes to Ihe FinaD¢i#I Statements for the Year Ended 31 De¢ember 2025 (eontinued) IntereSt-aring Eorrowings are lnittl. reLX)nkd • fair value, of tr8nsaction costs. lthere$t-1rin8 Trowings are subsequemly carried at amortised co. wtih the difference beNeen ihe proceeds, of transaction costs. and the arnoum due on red¢mtAion b¢iD8 TogniSed 85 a * to the Stemerrt of Firwi ivities ovtt ihe puiod of relevath trKJrrowi Interest expense 15 rew8ni5¢d on b15 of the effeaive imerem rnahod is Includ in interest ple and similllr char8¢s. Bormwin8s tre cl&55ified •5 currert liabilitie5 unle55 the charity has an urKoTrJitionat ris to defer settlement of the liability for at le ¢welve months after the renIng d. FuDd structur¢ Unresiriaed income fu15 are Beneral funds that ar¢ avsilable for use #t the thistees discretion in of the objertives of the Charity. Clussijlcailj ts5ets knd fin¢1 lithilities ¢ Telid thrrity bewmes & to ihe contrrauat provisions of ¢he I1Ment. Financi liabilities and equity instruments Ère ¢Llfied ¢ordin8 to the substance of the con1rnUaI arr8ngements entered into. An equity instrymeni is any wfflraa th eNidence5 a residual iniertsl in the aqsets of the charity after &ductinB all of its liabiliiie& Reeoznlilon t¥ndmewuren¥ni I rinanciai assets at¥J liabilities ve initially me4sured * trarwtion ce li]d1Thg iransaaion costs). except for those firwjciai assets classified 88 at fw'r value ihrouth rKofiior loss. which are InitilY measured at fair value Iwhi¢h b$ tK)rma]ly the transthrtion pyicc cxcluding transaction costs), unless ihe arrnt)8emeni ¢onsiitut¢$ financing transxtion. If gn arran8emeni con5tiiules a fIrKIng lransxtlo ihe firwhcia] hsset or financial li¥bilLty 15 me&5ured at ihe pres¢m value ofthe fuiur¢pa>Tnents dixouni¢d ai a markei rate of interest ftira similar debt instrument. Financial assets and liabiliiies are only offsrf in the of financial p)Sition whm and only wh¢n ther¢ exists a legoily enforceable right to 5c¢ off ihc reco8nised amounts the chuity intrThls eitrKr to settle on net b&8ts, orto reise the ts5et settle the liability simultarUSIy. FinEncial a55ets are dereco8nised when and only al the cOntrXal right5 to the etsh flows from the financi asset expire or are settled bl the Charity transfers to wM)ther FQrty subsiamially ail ofihe risks and rewards of ownership of the financial &s5et. orc} the charity. despite having retsined some. but fioi ail, $i1r1¢an( risks and rewards of ownership, has transferred ¢ontrol ofthe asset io aTh)ther PAny. FinBnci81 li8bili¢ies ar¢ de1¢8n1$ed only when the obliwion spe¢ified in the Trtr¢t is di%lwT8e4 cancelled or expires. Pagt 9
Norton Cantt Community Association Notes to the FinAnciAI Statements for the Year Ellded 31 December 2025 (contiDued) Debi IMslrnnt¢nts Debt insffiiments which med the foll0win8cojtsts$ tre suiwuently me&8ured at amonised CO usingthe effective irtterest mrfhod.. (a) The COntrau81 rturn to the lIr is li) & fixed WNurit' (ill a sitIVe fixed r8te ora [SitiVe variable Ne: or lili) * combiriatiort of * p)sitive or a ne8ative fixed rate and a p)sitive varithlt raie. (bl The may provide for repa)rynents of the IncIpAl or the rtturn w the holder (byt rK)t knthl to b¢ linked to th sin8ic rclevant oEGcrvablc itmlex Of8Cn price inflation of the cunew in which debt instnjrnent Is d¢Th)mirwrf wovid¢d such links are noi l¢verdged. (cl The Contr may w)vide for a detemiinable vtri&tion of the return to the IK)Ider during the life of the iTrstrument. provided thai lil the new rate sl5r)eS condiiion lal and the VarI10n is contingent on fubjre evenis other ihan I l }A change of a contraciuai variable rne:121 io proierf the TrIder against credii deterioration of ihe is$uer',131 chat)ges in levies applied by a centyal bank or arising fmm ¢han8es in r¢l¢vani allOn or law: or lik)the new Ate is i market rnte of iriierest knd SisfitS LX)ndition (•). Id) There is no cOntrtrtU prO$10n its tttm& result in F¥)Ider losingthe priTKi1 amounl or ny int¢r¢s¢ Attribut4bl¢ ty the currw# pmiod orsyior P¢TiO {el ConirKwal provisions th pennil ihe issuer io plaY a det4 insirumetrt or pernjit the TrIder to piit it b8£k to the tssuer before maturity tre noi contin8tnt on futurt evems. other to wo11 the holder 4gainsi the ¢redit deterioration ofthe issuer or a change in ¢onirol i5su¢r. orto proteffl the holder or issutt against ch8¢$ in levies applied by a Centr bank or arisin8 frnm ¢$ in relevam wation or law. {0 Contraciual provisions may peTmit the exten%ion of the terni of the debt ir&trnment. Jxovided that the Murn to the holder ond ony other C0ntraau provbsiof6 applible durin8 th¢ ¢d t¢rrn satisfy ihe eortditiotts of ragrnphs lal to {¢). De instrumems th& are ¢Ilfied ¥ Fe51¢ orrtttivable wiihin one )taT on iniii41 renItiOn and which meet the aErf)ve conditions are mra5ured at tht undiscourted amount oftht or oiher consideration exF¢Cted to be pajd OT r¢c¢iv¢4 nel of imF4imienl. With the exception of Some lin8 inslrum¢nt& other delrt hnstrurnents mceting these condiiions are measured fair valu¢ Ihrou8h Fyofiior loss. Ctsmmitments to m&e and rtteÉve lo1 whtth meet the eonditions metttioned ab)ve are mwured co Iwhi¢h may b¢ nill less impairnieni. Itwesknetrts in Overtible ptfertrte STr¢$ ordirthry or weferentt shares (wkn shoTe5 are publicly troded or iheir fair vaiye is reliably measurable) are measuroj * fair v8lu¢ tknugh profit or loss. Ivhtrc hir vaiuc catwt be me&sureAI reliably. invesiments art mea5urtd at cost less impaimient. Investments in sub5idi#ries and as5(Kiates arr mc&sured at C05t Ic55 IMlmitn1. For investhienis in subsithaTi¢S acquired foreonsideration includin8 the issue of shares qualifyin8 forrnerger relief. cosi is measured by reference io th¢ MMIMI value of the shrn issued plu$ flir value ofother considemion. Any premium 15 iOred. Page 10
Norton Canes CommuDity Association Notes lo the Financial Statements for the Year Ended 31 December 2025 (continued) The chlty uses deriv]Ve finatKial ins[nents to reduce exN)sure io foreign exdw risk and interem rate movemenis. The charity does rK)i hold or issue deTivalive financid instrurn¢rts for sp*culative puryK>ses. Deriwives are initially recols¢d at fair value at date a derivative Cont is entrred imo arA are subsequenily remeasured to their fair value at each rew>rring dale. The resulting gain or loss is recognised in ststement of fLnanCI xtivities immediately unjess the der1]ve is desigtkated and effective 8s a hed8in8 iTLStrnment. in which event the timing ofik reco8Thiiion in swemeni of financiaj adiviti¢s de$ on t nthire of kd8e r¢IlOnth1 F4lr Trvlue meosmremeni The best evidence of fttir value is a quoted price foran ideThtical asset in an xtive rnarket. quoied pritts ¢ unavailable, the wi¢e of o rettnt irans¥iion for an idenii¢aJ assei provides evidence of fair value lon8 as there has M)1 been a Si1r1¢an1 change in e¢0Mi¢ cir¢umsiantts OT a $iwfi¢ani lapse of lime sin¢¢ the trons&rtion took pl&e. If MtI is not xiivc recart iransa¢tio¥ts of an identical assd on their own we i a good estimw¢ of fair vaiye. fair vajye is estimed by using a v4luwion wUq1K. 2 Income from don•¢iow And keA¢ funds Genernl Total funds tknnations and leg4ci Donations frorn indivhduals 1267 1.267 Tothl for 2025 1267 1,267 Total for2024 770 770 3 Income Irom other trAdkng ictfvltlei Ilnreitii¢ted fuThth G¢n¢r•l Totll funth Events income.. her evems Iiicome 11,940 11,940 Totll for2025 11,940 11.940 To¢AI for2024 15,502 15,502 4 JnvtStment iDcorne
Norton Canos CommuDity Association Notes to the Financial Ststements for the Year Ended 31 December 2025 (Continued) UnstIted Totxl fundy GeDtrAI Jnierest receivable similar irKome' Irrterest receivoble on deN)sits 420 420 Tot#l for2025 420 420 Total for2024 592 592 S Other wcorne U1StrICted Totl Gen¢rnl Rental inwme 31.886 31.886 Totsl for2025 31.886 31.886 Tot1 for 2024 28.752 28.752 6 4th ehrltble ctfvltl funds Tot1 funth 50.753 3.482 568 50.753 3,482 568 tkwecia¢ioN amortiSQtional other similar costs All0ed suFoon costs Tot1 for 2025 54,803 54.803 Totsl for 2024 42,054 42,054 Page 12
Norton Canes Community Its8lation Not¢8 to the Financial Statements for the YeAr Ended 31 December 2025 (¢ontinu¢d) Tot•1 7 Tiutlon The chartty 1$ a regtstered chariry is therefore exemw from wio Tinglble Ilxed Isgets Total Cost At l January 2023 Jitions 64.368 7.883 64,368 At 31 De¢ember 2025 72251 72,251 DepretlAtitsD Ai l Januory 2025 Charge for the Jtar 61.799 3,481 61.799 3,481 At 31 December 2025 65 65.280 Nei b)ok vglvt 31 December 2025 6.971 6.971 At 31 December 2024 2,569 9 Dtbtorj 2025 2024 174 93 10 CJh c•she4uivIEnts 2025 2024 Cash on h8nd C&%h at t•nk 16 69.765 51.675 51.675 69,781 Pagt 13
Norton Canes Community Association Notes to the Financial Ststements for the Year Ended 31 December 2025 (continu) I I Crtdlton: amounts IAling due Y4hin on¢ y¢Ar 2025 2024 Aecruals 1,585 1.643 12 FuThds Biknnce at 31 Dtetmber 2025 Bknnte It I J•DUary 2025 Ineomine R¢sourres ¢Inded UnYestrkt¢d General 70.799 45.513 {59,078) 57.234 13 An111 of net •u¢ts betweett $trnted Gentrnl To¢AI Tangible fixed ass$ Cuffent &ssrfs Current liabilittes 6.971 51.849 (1.585 6.971 51,849 11.585 Tots] r*t assets 57,233 57.235 Page 14
Nortoft C8no¥ Communitv AsSlatiOn Sthtement of Finaneial Activities by fund for the Year Ended 31 December 2025 Totxl Totsl unTtlItttd UTh¢(ed Fun 21125 2024 Income and Endowments frnm: rknn•ion$ 8nd lewi Other trading ]Vill¢S Invcstmcnt iTwIn¢ Other income 1267 770 15,502 592 28,752 420 31.886 Total income 43.513 45.616 EXnditre OD: Raising funds Charitable 1vItieS (4275} 54.803 13.0701 42,054 Total exndituTe lexpenditureyincome {59.078) 145.124 113.5651 492 moyemem in funds {13.565) 492 Reconcil1• of fwKIs Tots] funds iyought forward 70.799 70.308 Totai fuThJs Ti¢d forward 57,234 70.800 This page th)es not ftirni part ofthe st&utory financial ststrment& Page 15
Iyorton Can¢$ Community AsstiOn Detsiled Statement of Financial Activities for the Year Ended 31 Dettmb¢r 2025 Tot•1 2025 21124 Aweais aNi don10$ . other agencies Fundnising events 1267 220 150 1267 770 her Iradln8 art1v1eS Fundrrising evenis 11.940 15.502 15,502 Invullwl Incojng Interest on cash dep)sits 420 592 420 592 hér Ineome Ren1 In¢ 31.886 28,752 31,886 28.752 R&l$lngf4nds Fundraisin8 Costs Chariiable DOn10Th {42251 50 13.070) 4.275 3,070 Ch&rliobIedrtlilès Rates and water rates Li8ht, he& atml Wer Insuran¢¢ CaretAking Gtrdcn mainten Equipment repairs and renewalj Telephone 8nd Printin& posiage and S10 Equipmem hire Licen$ Sundry expenses Cleanin8 W&ste Collection Accountancy ftts Depreciation of fLxlurc5 ond fittings Bank Charges {1.617) {9243) 122051 (20,0721 {5601 {132981 {5551 1481 (1.6871 12011 11641 1176} 19271 15521 (3.482} (1,102) (9.802) {2.257) {14,1501 (1.701) (5,519) 1597) 1478) {1.320) 13161 1457) 12081 18721 14981 12.777) 154.8031 142,054 This p88e &)es forni F•rt oftr $thtury finarKial ststemems. Page 16
Charity re8iStr&ion numiw. 511674 Norton Canes Community Association Annual Ren Finala1 sements forthe Year Ended 3 l De¢¢mt¢r 2025
Norton C4D¢s Commullity Association Contents (continued) ReferetKe and thin1str1ve Dthi15 Trusitts. Rew)rt Statement of Trust, R¢gwJDsibiliti¢5 Independent Examittrfs Rwrt semeM of Finfinciai Aaiirylies Balance She Noies io FinAncial Statemeffls 7t0 14
Norton c¢$ Community itssociatioD Reference Administrative Detsils Chalrnia lan Reeves. Chair & Secretary Other Offleers Jenny thnn Annie Bths. Treasurer JaCqUeliT Earp. B¢)okin6 Clerk Dale Bilbie J HIL Ch•iity R¢¥¥tr¥tth)n Number 511674 PriThcII Offlte Bmwnhill$ Ro Norton Catys Stsffordshire WSI 19SF Indendent Euminer Chase A¢untaY Limited 4 Sthiion Court Girton Ro Cannock S¢affordshire WSI I OEJ Page I
Norton CaDes Community A8sociatioD Trnstees, Report The ttustees Jxesent the arnual re) Etther with the financial statemej ofthe chtty for the Jt4r eThkd 31 December 2025. Objeetlves Ind ietlvltles PubllcbeneJ71 The charity o]xres a Community Centre for the tr¢rfii of the local community. The INstees confirrn have complied with the wuirements of s0 17 of the Charitie5 Aa 2011 to ve due rewd io the publi¢ E*nefii 8uidan¢¢ published by Ch)rity Comrnitsion for England and W¢$. Tr 8Tmuai repTrrt was apw)vtsJ by the trustees of the charity on 25 March 2026 and SI¥d on it5 lthlf by. Amie Brtts Other officer Reeves Chaimj Page 2
Norton Canes Community Association Ststement of Trustees, Responsibili18 The tretS are rttw)rL%ible for weprin8 th¢tnLStee5' rewrt finwhd staternents in (X)rde with the United Kingth)m A¢¢ountin8 &andArds (Uni1 Kin8th)m Gerrnlly Accq4&1 A¢cour4in8 Prxti¢¢) 4Dd applicable I&w and regulations. The law applic8ble io chariiies Ywuir¢s the truses to prepare finla1 for exh fin•1] pr whi¢h give a true and fair vi¢w of ihe of affairs ofthe Chariiy and of ihe incomin8 reSOu¢r and application of resources ofihe ¢haTiry for ihai period. In rvtparing these financi $tementI the trusttt5 are required to.. seleet 5uiiable accounting wjlicies and then alyly them obs¢rv¢ the m¥1)$ and pri1P1¢S in the Chhriiies SORP; make judBem¢ths and estim that r¢ason•ble and state whcthcr applicable accountin8 Standvd% have b¢¢n follow¢(L wbj'ext to rnateriai artures disclosed atMI eXplaid in lh¢ firwKiai 5tstements.' and prepare the financi swements on the 80in8COtKern balis unless it is ina&yowia to pYe5ume that the chariry will conlinue in sInesS. The trustees are resEx)n5ib]e for keeping proper ¥wunting re¢vryl$ diKlose with reasonle 1r¥ at kny time the fit)Anciai N)sition of the Charity and en&ble them to aUle that the finarKial swements wmply with the Charities Ath 2011, the Ch&riiies IAc¢ounts aThJ ReFQrtsl Regulions 200& and the prnvisions ofthe onstitution. The trustees are al resTX)nsible forsafeguarding the assd5 of ihe chgrity and hence fortakin reasonable sieps for preveniion and ddefflion of fraud and oiher irregulariiies. The trustees are re5pJnsible for the maifflerwKe and int¢8rity of ¢rJrwJrate aTr4 financial inforniation included on ihe chhriiable compan)'s website. L*8islation governing the weg•ration aThl dissemination of fin8Thcia] statem¢nts wy differ from legislation in other juri3diaion& AprKoved by thetrustees of the charity on 25 Mar¢h 2026 aThl $id on its bdr by. Annie Betts Other oifj¢¢r Ian Reeves Chwrnan Page 3
NortoD Canes Community AS51tion IndependeDt Examiner's Rert to the trustees of YortOD Canes Community Asyociati I rewrt to the tru5tccs on my cxarniDa¢ion of th¢aonIS ofNonon Canes Community Association forthe ¢nd¢d 31 Decemttr 2025. Res$1b1bt1e5 of the charity iru5tees of Norton Cal$ Communiry Association are reSnsIble forthe pyepwation ofthe ¢vunts in a¢¢x)rdantt with the quIrements of the Chn'ties Aet 2011 I'the Aet.). I re[rt Lll respyct of my ¢xam1rtion of the Nortoncanes connunIty AssoCi10n.$ xcoums out under 5e¢tion 145 of the 201 l Aci at)d it) carrying out my examination I have followeda]l the applicle Dirertions givet) b), Ihe Charity Commission undtt Sedion 145(5Kb)of the Aa. Jndtpendemt exmIrtel stitemtnt I have eompleied my examiriaiioTh. I Confi that Materi mt¢rs corne to my tenlion in ¢onnedion with the examination giving m¢cayse to believe th in any matttiai ffs.. l. countIng records were Djt kept in resped ofNonon CWKS Comrnunity As9xiwion ¥5 required by ge¢tion 130 ofthe Ac¢: or 2. Ihe a¢wunis &J xcord with th)se reeords. or 3. Ib¢ au1$ ry)i wmpl). wilh the cOuN1& requiffments conc¢min8 the fomi )d ¢onteM ofa¢cou set oui in the Charities (Accounts attd Rerrt)nsl Regulations 2008 other than any r4uirement th ih¢ accounts give a 'true *MI fair vith¥' which 15 IKIt i maner con5idued wi of an iThJepetKlen¢ examination. I have concerns and have come xross M other matters in conriettion wilh the examination to whith attention should Ee dtawn in this ryrt in order enable a proper uDderswidin8 of the be reached. Rebxca Scort- Cle88 AAT QB 4 Station Court Girton Road C4tvho¢k Stathrdshire WSI I OEJ 25 March 2026 Page 4
Norton Canos Community knsociation StaiemeDt of Financial Activities for the Year Ended 31 Dffember 2025 UDTrstrKttd Total 2025 llleome ithd EnthJTmellts tkTrnaiions and legacies Other trading &ivitL¢g Invesiment income her income 1267 .267 11.940 420 31.886 4?0 31,886 Totsl income 45,513 45,513 Eipendun on: R4i5in8 fvry15 Charitable rltieS (4275) 54,803 14.2751 54,803 Totsl exF¢t)diiure N¢t exlItUTe N¢t movement in funds 59.078 59.078 113.565} (13.565 (13,565) (13.565> Reeoncllknilon of fun¢ls Tot41 funds tYsht forWd 70,799 70.799 TO fuTrJs Ti¢d fon¥ard 12 57.234 S7.234 All ofthe ctrthrtry's athivities derive from eontinuin8 opemiorts during alKbve Iwo periods. The funds breakdo for2024 is slx>wi in no 12. The tr)tes on F•ges 7 to 14 ftirm an irte[ w of these finwKial Sements. Page 5
Norton CaDes Community Association (Registration number: 511674) Balance Sheet at 31 Deeember 2025 2025 2024 No¢¢ Flxed #sstts Tangible &ssets 6,971 2.569 CunEDI llmets tkbtOT5 C&qh It t•nk and in hand 174 51,675 93 69.781 10 51,849 69.874 Credltorl: Arnounts fllii¥ the within one ye•r 11.585) {1.643 Net cvntnt 50.264 68.231 Net tstts exckndkn¥ pewloD li• 50,264 68,231 Net Mtts 57235 70.800 Fwith of the chartty.. Unrestiicted Income funth Unrestriaed 57234 70.800 Tot1 fun 12 57234 70.800 The financial siatemeftts on pAge$ 5 to 14 wert 4w>ved by the truste4 and autl¥)riwJ for issue on 25 March 2026 and $id on their E¢haif by. Annie Betts Other offittr lkn Reeves Chgimian The noieson 7 to 14 fom) an ifflegal pffi of these finwKial Sements. Page 6
Norton Community Association Notes to the Financial Sthtements for the Year Ended 31 December 2025 l A¢¢oyD¢ing pilici¢• stsiememt of Comttee The fina1 siatemenis ha beeft Fftprtd in &cordaTtt with the 5ecoTKI edition of the Ch&rities semen1 of Recommended Prxiice issued Én (knokr 2019. the Financial Rerx)ning Stsndard appltcable in the United Kingdom ory1 Republi¢ of JrelAnd {FRS 102) and the Charities Aa 2011. Norton Canes Community Associatton meets th¢ d¢finiiion of ¥ public barit entity under FRS 102. The f&counts Ifit)a¢)ciai $I¢M¢nI$} have beet) prepved u]th ik hisriCal cosi ¢onveniion with iiems r08n1 ai cosi oriransaaion value ut)less otherwise St¢d in ihe relevant rKildsl to these accout)ts. GOIDE ¢ODC¢rn The trustees consid¢r thlt thEre ar¢ no Mjtrrl unvnainii¢5 about Ability 1¢) Ixiniiiiut 8 80in8 ltstome nd endowthenti Voluntary income including IkJnion& gifi& l¢gxies and pro%Trde re fvr¥ll or •r¢ of a naiure is Te¢o8nised when the charil). has eniiilemeni to the in¢om< li is kyobable th&t income will be received and the 8mountckn be measlhred with suffieieni rtlhability. DoMailons&nd l¢84dés tk>natiOn5 and le8acie5 art reco1$ on a rvxiv¥ble basis th rweipt is wobable and the amount ekn be reliably ered. Grnntsrecelwble Granis are recOls¢d when the chtrity hAs entitlement tothe funds kny eoTrlitions linW to ihe v¢ Eeen met. 114Ler¢ Fyrfonnartt ¢ondiiions we anxhed the wi aThd we io be ma, the iome is rolS¢d &8 1 liability atsl inclu&d on the 51Kct as defcrrtd i)me to bt rcltased Invemmefti Ineome Dividends are recosnised orte dividend has been declared and nour1l0nhl5 been rK¢ived of t diwidml thie. Exptndhu Ail expenditure is reco1ed orte there is a legal orwnstrudiv¢ obli8•tion toth ¢XTxndIre. Lt is pbabl¢ s¢ttl¢m¢ni is Tequired and ihe amoutx can be measured rtliabl>'. All costs are allocated to the applicable exndItUre heading th818wegate similar coll5 to th Le8or>. WThere costs egnTK>i be directly attribJted to pArticul4r headin85 they have ixen ailoc&ed on a basis ¢onsisieth with The use of SOUrces, with centrnl aff sts loCated on ihe bftsis of time spen¢ aThJ depreciation c]w alloced on the rtIOn ofthe asset's use. Other supw)rt COSt5 are allocated based on ihe swead of siaff costs. These are colls itKurra in aiirxting %t)IuAW income, the of invesffiKnts and tk*se inTed in trwjing o¢tiviiies that raise ttd5. Page 7
NortOD CaDes Community knsociation Nots to the Finan¢il Ststernents for the Year Ended 31 December 2025 (continued) Ch¢Trli4bleortlvliles Charitable expenditure comprises costs in¢urred by the charity in the delivery of ils a¢tiviiies at)d services for its benefi¢iaries. It includes trA)th co$ can be alloced dircctly to such xtivities thosc costs of an indirect nature IitcessDry to supyjn them. Sllprt ¢0 Supp)rt wsi$ ilUde Central fvnaions atml have beth alloc8toJ to &tivity Cost catwries on a bftsis consistent with the use of resources, forexample. aJlo¢atin8 FKopew coAs by floor area4. or w c4pit4 Staff costs by the time speth and other costs by their usa8e. Taution The charity is considered to the It$ set out in I scI1t 6 ofthe Fint Aet 2010 therefore it meets th¢ definilion of a charithble company for CorN10n wry5¢$. Accorthngly, the b8riry is wieniiaily exemw from KAtiOn in respea of ino)mt orcapithj gains received within cegOries covered by Chapter 3 Part I l of the CorFK)ratjonT Act 2010 orsection 256 of the Tation of Chargeabl¢ Gains Act 1992.to the extent that suth i)Me orBains applied exclusively to charitable PUT5¢5. T•Dglble thed imets Individu fixed costin8 £0.00 or rn0 t initially recorw Itss kny sulwuettt lmlated depreciation aThl suwuent xYumyl•t¢d imp1rnll0S5u. IpCIatn aTrd amorttsih)n Depre¢i41ion is provided on n'ble fixed assets so as to WTite off the eost OT v1110. less Y estimate residu value, over their exFdtd usefvl ecowmi¢ life 4$ follow& Trnde detrto Trade de01$ nounts due from custOrnV5 for wld or g¢ryitts wforned in th¢ ordiDary course of Ixlsiness. Trnde debtors are recOlsed initiajly at the trsrLSXtion price. 17y are $ub5equenily mwured smortised cost usin8 the effective interest metknd less wovision for imkmirnient. A provision for the impairnieni of trade debtors is esthblished when there is objtttivc evidenct the charity will be able to all amounts du¢ cordin8 to tht ori¥itth] t¢rms of the rtteivable5. Cash and e$h eqthiltllts Cash aThJ equiva]erts eomwise e45h on hznd aTkl call (kp)si1s. and oiher short-ienn highly liquid investments that are readily convenible to a amouni of cash and subjKI to an in5i8nlfiTh1 risk of hange in value. Page 8
orton CaDQS Community Association Notes to Ihe FinaD¢i#I Statements for the Year Ended 31 De¢ember 2025 (eontinued) IntereSt-aring Eorrowings are lnittl. reLX)nkd • fair value, of tr8nsaction costs. lthere$t-1rin8 Trowings are subsequemly carried at amortised co. wtih the difference beNeen ihe proceeds, of transaction costs. and the arnoum due on red¢mtAion b¢iD8 TogniSed 85 a * to the Stemerrt of Firwi ivities ovtt ihe puiod of relevath trKJrrowi Interest expense 15 rew8ni5¢d on b15 of the effeaive imerem rnahod is Includ in interest ple and similllr char8¢s. Bormwin8s tre cl&55ified •5 currert liabilitie5 unle55 the charity has an urKoTrJitionat ris to defer settlement of the liability for at le ¢welve months after the renIng d. FuDd structur¢ Unresiriaed income fu15 are Beneral funds that ar¢ avsilable for use #t the thistees discretion in of the objertives of the Charity. Clussijlcailj ts5ets knd fin¢1 lithilities ¢ Telid thrrity bewmes & to ihe contrrauat provisions of ¢he I1Ment. Financi liabilities and equity instruments Ère ¢Llfied ¢ordin8 to the substance of the con1rnUaI arr8ngements entered into. An equity instrymeni is any wfflraa th eNidence5 a residual iniertsl in the aqsets of the charity after &ductinB all of its liabiliiie& Reeoznlilon t¥ndmewuren¥ni I rinanciai assets at¥J liabilities ve initially me4sured * trarwtion ce li]d1Thg iransaaion costs). except for those firwjciai assets classified 88 at fw'r value ihrouth rKofiior loss. which are InitilY measured at fair value Iwhi¢h b$ tK)rma]ly the transthrtion pyicc cxcluding transaction costs), unless ihe arrnt)8emeni ¢onsiitut¢$ financing transxtion. If gn arran8emeni con5tiiules a fIrKIng lransxtlo ihe firwhcia] hsset or financial li¥bilLty 15 me&5ured at ihe pres¢m value ofthe fuiur¢pa>Tnents dixouni¢d ai a markei rate of interest ftira similar debt instrument. Financial assets and liabiliiies are only offsrf in the of financial p)Sition whm and only wh¢n ther¢ exists a legoily enforceable right to 5c¢ off ihc reco8nised amounts the chuity intrThls eitrKr to settle on net b&8ts, orto reise the ts5et settle the liability simultarUSIy. FinEncial a55ets are dereco8nised when and only al the cOntrXal right5 to the etsh flows from the financi asset expire or are settled bl the Charity transfers to wM)ther FQrty subsiamially ail ofihe risks and rewards of ownership of the financial &s5et. orc} the charity. despite having retsined some. but fioi ail, $i1r1¢an( risks and rewards of ownership, has transferred ¢ontrol ofthe asset io aTh)ther PAny. FinBnci81 li8bili¢ies ar¢ de1¢8n1$ed only when the obliwion spe¢ified in the Trtr¢t is di%lwT8e4 cancelled or expires. Pagt 9
Norton Cantt Community Association Notes to the FinAnciAI Statements for the Year Ellded 31 December 2025 (contiDued) Debi IMslrnnt¢nts Debt insffiiments which med the foll0win8cojtsts$ tre suiwuently me&8ured at amonised CO usingthe effective irtterest mrfhod.. (a) The COntrau81 rturn to the lIr is li) & fixed WNurit' (ill a sitIVe fixed r8te ora [SitiVe variable Ne: or lili) * combiriatiort of * p)sitive or a ne8ative fixed rate and a p)sitive varithlt raie. (bl The may provide for repa)rynents of the IncIpAl or the rtturn w the holder (byt rK)t knthl to b¢ linked to th sin8ic rclevant oEGcrvablc itmlex Of8Cn price inflation of the cunew in which debt instnjrnent Is d¢Th)mirwrf wovid¢d such links are noi l¢verdged. (cl The Contr may w)vide for a detemiinable vtri&tion of the return to the IK)Ider during the life of the iTrstrument. provided thai lil the new rate sl5r)eS condiiion lal and the VarI10n is contingent on fubjre evenis other ihan I l }A change of a contraciuai variable rne:121 io proierf the TrIder against credii deterioration of ihe is$uer',131 chat)ges in levies applied by a centyal bank or arising fmm ¢han8es in r¢l¢vani allOn or law: or lik)the new Ate is i market rnte of iriierest knd SisfitS LX)ndition (•). Id) There is no cOntrtrtU prO$10n its tttm& result in F¥)Ider losingthe priTKi1 amounl or ny int¢r¢s¢ Attribut4bl¢ ty the currw# pmiod orsyior P¢TiO {el ConirKwal provisions th pennil ihe issuer io plaY a det4 insirumetrt or pernjit the TrIder to piit it b8£k to the tssuer before maturity tre noi contin8tnt on futurt evems. other to wo11 the holder 4gainsi the ¢redit deterioration ofthe issuer or a change in ¢onirol i5su¢r. orto proteffl the holder or issutt against ch8¢$ in levies applied by a Centr bank or arisin8 frnm ¢$ in relevam wation or law. {0 Contraciual provisions may peTmit the exten%ion of the terni of the debt ir&trnment. Jxovided that the Murn to the holder ond ony other C0ntraau provbsiof6 applible durin8 th¢ ¢d t¢rrn satisfy ihe eortditiotts of ragrnphs lal to {¢). De instrumems th& are ¢Ilfied ¥ Fe51¢ orrtttivable wiihin one )taT on iniii41 renItiOn and which meet the aErf)ve conditions are mra5ured at tht undiscourted amount oftht or oiher consideration exF¢Cted to be pajd OT r¢c¢iv¢4 nel of imF4imienl. With the exception of Some lin8 inslrum¢nt& other delrt hnstrurnents mceting these condiiions are measured fair valu¢ Ihrou8h Fyofiior loss. Ctsmmitments to m&e and rtteÉve lo1 whtth meet the eonditions metttioned ab)ve are mwured co Iwhi¢h may b¢ nill less impairnieni. Itwesknetrts in Overtible ptfertrte STr¢$ ordirthry or weferentt shares (wkn shoTe5 are publicly troded or iheir fair vaiye is reliably measurable) are measuroj * fair v8lu¢ tknugh profit or loss. Ivhtrc hir vaiuc catwt be me&sureAI reliably. invesiments art mea5urtd at cost less impaimient. Investments in sub5idi#ries and as5(Kiates arr mc&sured at C05t Ic55 IMlmitn1. For investhienis in subsithaTi¢S acquired foreonsideration includin8 the issue of shares qualifyin8 forrnerger relief. cosi is measured by reference io th¢ MMIMI value of the shrn issued plu$ flir value ofother considemion. Any premium 15 iOred. Page 10
Norton Canes CommuDity Association Notes lo the Financial Statements for the Year Ended 31 December 2025 (continued) The chlty uses deriv]Ve finatKial ins[nents to reduce exN)sure io foreign exdw risk and interem rate movemenis. The charity does rK)i hold or issue deTivalive financid instrurn¢rts for sp*culative puryK>ses. Deriwives are initially recols¢d at fair value at date a derivative Cont is entrred imo arA are subsequenily remeasured to their fair value at each rew>rring dale. The resulting gain or loss is recognised in ststement of fLnanCI xtivities immediately unjess the der1]ve is desigtkated and effective 8s a hed8in8 iTLStrnment. in which event the timing ofik reco8Thiiion in swemeni of financiaj adiviti¢s de$ on t nthire of kd8e r¢IlOnth1 F4lr Trvlue meosmremeni The best evidence of fttir value is a quoted price foran ideThtical asset in an xtive rnarket. quoied pritts ¢ unavailable, the wi¢e of o rettnt irans¥iion for an idenii¢aJ assei provides evidence of fair value lon8 as there has M)1 been a Si1r1¢an1 change in e¢0Mi¢ cir¢umsiantts OT a $iwfi¢ani lapse of lime sin¢¢ the trons&rtion took pl&e. If MtI is not xiivc recart iransa¢tio¥ts of an identical assd on their own we i a good estimw¢ of fair vaiye. fair vajye is estimed by using a v4luwion wUq1K. 2 Income from don•¢iow And keA¢ funds Genernl Total funds tknnations and leg4ci Donations frorn indivhduals 1267 1.267 Tothl for 2025 1267 1,267 Total for2024 770 770 3 Income Irom other trAdkng ictfvltlei Ilnreitii¢ted fuThth G¢n¢r•l Totll funth Events income.. her evems Iiicome 11,940 11,940 Totll for2025 11,940 11.940 To¢AI for2024 15,502 15,502 4 JnvtStment iDcorne
Norton Canos CommuDity Association Notes to the Financial Ststements for the Year Ended 31 December 2025 (Continued) UnstIted Totxl fundy GeDtrAI Jnierest receivable similar irKome' Irrterest receivoble on deN)sits 420 420 Tot#l for2025 420 420 Total for2024 592 592 S Other wcorne U1StrICted Totl Gen¢rnl Rental inwme 31.886 31.886 Totsl for2025 31.886 31.886 Tot1 for 2024 28.752 28.752 6 4th ehrltble ctfvltl funds Tot1 funth 50.753 3.482 568 50.753 3,482 568 tkwecia¢ioN amortiSQtional other similar costs All0ed suFoon costs Tot1 for 2025 54,803 54.803 Totsl for 2024 42,054 42,054 Page 12
Norton Canes Community Its8lation Not¢8 to the Financial Statements for the YeAr Ended 31 December 2025 (¢ontinu¢d) Tot•1 7 Tiutlon The chartty 1$ a regtstered chariry is therefore exemw from wio Tinglble Ilxed Isgets Total Cost At l January 2023 Jitions 64.368 7.883 64,368 At 31 De¢ember 2025 72251 72,251 DepretlAtitsD Ai l Januory 2025 Charge for the Jtar 61.799 3,481 61.799 3,481 At 31 December 2025 65 65.280 Nei b)ok vglvt 31 December 2025 6.971 6.971 At 31 December 2024 2,569 9 Dtbtorj 2025 2024 174 93 10 CJh c•she4uivIEnts 2025 2024 Cash on h8nd C&%h at t•nk 16 69.765 51.675 51.675 69,781 Pagt 13
Norton Canes Community Association Notes to the Financial Ststements for the Year Ended 31 December 2025 (continu) I I Crtdlton: amounts IAling due Y4hin on¢ y¢Ar 2025 2024 Aecruals 1,585 1.643 12 FuThds Biknnce at 31 Dtetmber 2025 Bknnte It I J•DUary 2025 Ineomine R¢sourres ¢Inded UnYestrkt¢d General 70.799 45.513 {59,078) 57.234 13 An111 of net •u¢ts betweett $trnted Gentrnl To¢AI Tangible fixed ass$ Cuffent &ssrfs Current liabilittes 6.971 51.849 (1.585 6.971 51,849 11.585 Tots] r*t assets 57,233 57.235 Page 14
Nortoft C8no¥ Communitv AsSlatiOn Sthtement of Finaneial Activities by fund for the Year Ended 31 December 2025 Totxl Totsl unTtlItttd UTh¢(ed Fun 21125 2024 Income and Endowments frnm: rknn•ion$ 8nd lewi Other trading ]Vill¢S Invcstmcnt iTwIn¢ Other income 1267 770 15,502 592 28,752 420 31.886 Total income 43.513 45.616 EXnditre OD: Raising funds Charitable 1vItieS (4275} 54.803 13.0701 42,054 Total exndituTe lexpenditureyincome {59.078) 145.124 113.5651 492 moyemem in funds {13.565) 492 Reconcil1• of fwKIs Tots] funds iyought forward 70.799 70.308 Totai fuThJs Ti¢d forward 57,234 70.800 This page th)es not ftirni part ofthe st&utory financial ststrment& Page 15
Iyorton Can¢$ Community AsstiOn Detsiled Statement of Financial Activities for the Year Ended 31 Dettmb¢r 2025 Tot•1 2025 21124 Aweais aNi don10$ . other agencies Fundnising events 1267 220 150 1267 770 her Iradln8 art1v1eS Fundrrising evenis 11.940 15.502 15,502 Invullwl Incojng Interest on cash dep)sits 420 592 420 592 hér Ineome Ren1 In¢ 31.886 28,752 31,886 28.752 R&l$lngf4nds Fundraisin8 Costs Chariiable DOn10Th {42251 50 13.070) 4.275 3,070 Ch&rliobIedrtlilès Rates and water rates Li8ht, he& atml Wer Insuran¢¢ CaretAking Gtrdcn mainten Equipment repairs and renewalj Telephone 8nd Printin& posiage and S10 Equipmem hire Licen$ Sundry expenses Cleanin8 W&ste Collection Accountancy ftts Depreciation of fLxlurc5 ond fittings Bank Charges {1.617) {9243) 122051 (20,0721 {5601 {132981 {5551 1481 (1.6871 12011 11641 1176} 19271 15521 (3.482} (1,102) (9.802) {2.257) {14,1501 (1.701) (5,519) 1597) 1478) {1.320) 13161 1457) 12081 18721 14981 12.777) 154.8031 142,054 This p88e &)es forni F•rt oftr $thtury finarKial ststemems. Page 16