Chaiity ffe81stratlon number 514166 HOL8EACH & DisTricf COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDfTED FINANaAL sfATEMEPs FOR THE YEAR ENDED 31 DECEMBER 2025
HOLBEACH & DisffticT COMMUP4TY AssoaATION LEGAL AND ADMINISTrATIVE INFORMATION Mr S Ward. Chairman Mr5 C Gratton. Treasurer + Secretary Miss S Welburn Mr J Lilley Mr H Palmer. Wice Chaimian (Appointed 22 May 20251 Charlty number S14166 Prinopal address 22 Fairheld5 Holbeach Spalding ncolnshire PE12 7JE Independent examiner TCGroup 33 B05ton Road South Holbeach Spalding ncolnshire PE12 7LR
HOLBEACH & DISTRICT COMMUNrrY ASSOCIATION CONTEKrs Trustees, pOrt Statement of trustees, resrmsibilities Independent examiner's report Statement of financial activities Balance sheet Notes to the financial ststements 6-12
HOLBEACH & DISTrICT COMMVMTY ASSOCIAMON TRUSTEES. REPORT FOR THE YEAR ENDED 31 DKEM8ER 2025 The tnistees present their annual report and financial statements forthe yEar ended 31 Oecember 2025. Obiective5 and arti¥ities Publicbenefft In planning for the year. the Charity Commission's guidance on wblic benefit wa5 kept in mind. The focus of the activities remain to be the provision of a building for the use by all peOn5 in the Holbeach district without discrimination for all activitres including health. educational. social and recreational. The trustees confirrn that they have complied with the requirements of section 17 of the CharitiesAct 2011 to have due regard to the public benefft guidance published by the Charity Commission for England and Wales. Structure. governan and managemert Nare of governing document Holbeach and Districr Cornmunity A5s0¢iation is a Charity governed by a lease and trust deed dated 25 April 1983. Financial instruments Obje(tives ondpolicies The charity's activities expose tt to a number of financial rlsks induding credit risK cash flow risk and liquidity risk. The use of financial derivative5 is govemed by the char$ policles approved by the board of trustees. which provide written principles on the use of financial derivatives to manage these Tisks. The charity does not use derivative financial instmments for speculative purp$. Creditrisk The charity's principal financial assets are bank balances and cash. trade and other recervables, and investments. The charity's credtt risk is primarily attributab to its trade reCelwab. The amounts presental in the balance sheet are net of allowances for doubtFul receivables. An alkjwance for impairment is made where there is an identified loss event which. based on previous experience, is evidence of a reduttion in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instmments is limited because the counterparbes are banks with high crèdit-fatings assigned by interrbational credit-ratin8 a8encie5. The charity has no significant concentration of credit risk, wtth exposure spread over a large nunkner of counterpartie5 and eustorne. The trustees, report was approved by the Board of Trustees. Mr S Ward, Chairman Trustee Mrs C Gratton. Treasurer Trustee Dated:
HOLBEACH & DisfRIU COMMUNrrY ASSOCIATION STATEMEKf OF TRUSTEES. RESPONSIBIUTIES FOR 7HE YEAR ENDED 31 DECEM8ER 2025 The trustees are re5w)n5ible for preparirb8 the Tn•stees' Report and the financial statements in ac£ordance with applicable law and United Kingdorn Accounting Standards (United Kingdorn Genevalty Accepted Accounting Practicel. The law applicable to charities in England and Wales requires the tnjstees to prepare financial slatements for each financial year which give a true and fair view of the State of affai of the charity and of the ino)min8 resources and application of resources of the charity for that year. In preparing these financial statements. the trustees are required to". - select suitsble accountin8 wlioes and then apply them consistently- - observe the methods and principles in the Charities SORP: - make ju(18ements and estimates that are reasonable and prudent; - stste whether applicable accovnting standards have been followed. subject to any material departures disclosed and explained in the financial ststements- and prepare the financial statements on the going conorn basis unless it is inappropriate to psUMe that the charity will continue in operation. The trustees a responsible for keeping sufficient accounting records that disclose with reasonatrle accuraLy at any time the financial position of the charity arKI enable them to ensure that the financial statemert5 comply with the Charitres Act 2011, the Charity IAccounts and Reports) Regularions 2(X)8 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularitie5.
HOLBEACH & DisfRicf commuNV AWXIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE5 OF HOLBEXH & DisTricf COMMUNITY ASSOON I report to the tnjstees on my examination of the financial statements of Holbeath & Distrirt Comrrn4nity Association (the charity) for the year ended 31 Dember 2025. Respon5ib•lilies and basis of report As the trustees of the charity you are responsible for the preparatr.on of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity's financial statements carried out under settiorb 145 of the 2011 Act. In carrying out my examination I have fdlowed all the applicable Directions given by the Charity Commission under 5ecbon 145151{bl of the 2011 Act. Independent exafflinerfs stateme Your attention is drawn to the fact that the charity has prepared financial statements in accordarKe with Accounting and ReFM)rting by Charities preparin8 their accounts in accordance with the Financial ReptIng Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporbn8 by Charitie5.' Statement of Recommended Prattice Trssued on l April 2(YJ5 which is referred to in the extant re8ulations but has now been wTrthdrawn. l understand that this has been done in order for financial statements to prcNide a true and fair view in accordance with Generalty Accepted Accounting Practice effective for reporbng periods beginning on or after l January 2015. I have completed rny examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accountbng records were not kept in respect of the charty as required by section 130 of the 2011Act,' or the financial staternents do not accord with those records: or the finantial statements do not comply wtth the applKable quirementS concerning the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2(KJ8 other than any requirernent that the accounts give a true and fair view which ts not a matter conSided as part of an indepen(Jent examination. I have no concerns and have come across no other matter5 in connection with the examination to whrh attention should be drdwn in th report in order to enable a proper understanding of the financial statement5 to be a¢he. Christopher McKenna ACA TC Group 33 Boston Road South Holbeach Spalding Lincolnshire PE12 7LR 311312
HOLBEACH & DISTRICT COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL PThIVmES INCLUDING INCOME AND EXPENDITURE XCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Unrestricted funds funds 2025 2024 Income from: Charitable aciivities 24,810 773 22,414 459 Investments Total income 25,583 22,873 Expenditure on: Raising fvnds Charitable activities 1.511 22,330 1.858 20,547 Total expenditufe 23,841 22,405 Net income and movement in funds 1,742 Reconciliati¢n of funds: Fund balances at l January 2025 102,500 102,032 Fund balancrf at 31 De¢ember 2025 104,242 102.51 The statement of linancial athvities indudes all gains and losses recognised in the year. All irtome and expenditure derive from continuing activities.
HOLBEACH & DISTRICT COMMUNITY ASSOCIATION BALANCE SHEET ASAT31 DECEM8ER 2025 2025 2024 Fixed assets Tangible assets li 76,993 76,062 Current assets Debtors Cash at bank and in hand 2.118 28.074 1.549 27,324 30.192 28,873 Credltors: amounts fallin8 due within one year 12,943) 12,4351 Net current assets 27.249 26,438 Total assets less current liabiliues 104,242 102,500 Net assets 104,242 102,500 The fvnds ofthe charity Unrestricted funds 104.242 102,500 104.242 102,500 The financial statements were awroved by the trustees on 2k)1812b Mrs Ward, Chairman Trustee Mr5 C Glatton, Treasurer Trustee
HOLBEACH & DisTricf COMMUNfTY ASSOCIATION NOTES TO THE FINANCIAL STATEMENrs FOR THE Y&4R EhTDEO 31 DECEMBER 2025 Accounting policie5 1.1 Accountlni coMMOn The financial statements have been prepared in accordance with the charity's goveming document, the Charities Act 2011 and "Accounting and Reporb"ng by Charities: Statement of Recommended Practice applicable to charities pparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 (effective l January 20191" The charity is a Public Benefit Entity as defined by FAS 102. The charity has tsken athantage of the prlIs1On5 in the SORP for charrties applying FRS 102 Update 8ulletin I not to prepare a Statèment of Cash Flows. The financial statements have departed from the Charitres (Accounts and Reports) Regulations 2(KJ8 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended practi which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in slerfin& which is the fvndional currency of the charity. Monetary amounts in these financial statements are Tounded to the nearest £. The financial statements have been prepared under the historical c05t ¢onvenrion, Imodthed to Sndude the revaluation of freehold propee$ and to include investment propertie5 and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Goin8 concem At the time of approving the financial staterneMs, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accountin8 in pparng the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted fvnds are Su.eCt to specific condiknons by donors or grantors as to how they may be used. The purposes and uses of the $tricted funds are set <t in the notes to the financial statements. Endowment funds are subject to specific conditions donots that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity 15 legalty entitled to it after any perfomiance conditsons hwe been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performan condifions requi deferral of the amount. Income tsx recoverable in relation to donations e1ved under Gift Aid or deeds of covenant is recognised at the time of the donation.
HOLBEACH & DISTRICT COMMUNttY ASSOCIATION NOTES TO THE FINANCIAL sfATEMENts IcoiinNUED) FOR THE YEAR ENDED31 DECEMBER 2025 Accountin8 policies {Continuedl Legacies are OgnISed on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known. and reipt is expected. If the amount is not known, the 4cv is treated as a contingent asset. l.S Expend•ture All expenditure is recOgned once there is a legal or constructive obligation to that expenditure, it is probable settlement is requrred and the amount can be MeasUd lIably- All costs are all¢)cated to the applicable expenditure heading that agggate similar costs to that category. Where costs cannot be (lirectly attributed to particular headings they have been allocated on a bas consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depciation charges allocated on the portion of the asset's use. Other SUPPOrt costs are allocated based on the spread of staff costs. 1.6 Tan8ible fixed assets Tangible fixed assets are initialty measured at cost and Subsequently measured at cost or valuation, net of depreciation and any impairment losse5. Depreciation is recognised so a5 to write off the cost or Yaluation of assets less their residual values over their useful lives on the followin8 bases= Community ntre Property improvements Sports equipment Fixtures & fittings 10 years stratght line 15 years straight line 1.7 Impairment of fixed a55ets At each reporting end date. the charity reviews the carrying amounts of its tangible a55ets to determine whether there is arby indication that those assets have suffered an impairnient loss. If any such indThtion exists. the recoverable amount of the asset is estimated in order to determine the extent of the ImlMient 1055 lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. depostts held at call with banks. other 5hort-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts a shown within borrowings in Crnt liabtrlities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financi81 In5trument$155ues' of FRS 102 to all of its financial instruments. Financial instruments are recognbsed in the charivs balance sheet when the charity becomes party to the contractual provisions of the irtfflent. Financial assets and liabilities are oftset, WTth the net amounts presented in the financial statements, when there is a legally enforceable right to set off the ogniSed amounts and there is an intention tosettle on a net basis or to realise the asset and settle the liabilrty simultaneousty-
HOLBEACH & DISTRICT COMMUNITY A5)cIATIoN NOTES TO THE FINAPICIAL ATEmENTs {CONnNUED) FOR THE YEAR ENDED 31 DECEMBER2025 Account6nz policies Icontlnued) Bo5icfiftonoalossets Basic financial assets, which include debtots and cash and bank balances. are initially measured transaction price including transartion costs and are subsequentty carried at amortised cost using the effective interest method unless the arrnngement const?tutes a financing transaction. where the transaciion is measured at the present value of the future receipts discounted at a market fate of interest. Financial assets cla55ffied as receivable wrthbn one year are not amortised. Bosicjlnontlol liobilities Basic financial liabilities, induding creditor5 and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the pEsent value of the future payments discounted at a market rate of interest. Financial liabiliiies classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors a obligations to pay for gOS or services that have been acquired in the Ordin coutse of operations from suppliers. Amounts payable are classtlied as Curnt liabilthes if payment is due within one vear or less. If not. they are presented as noTrcurrent lTrabilrties. Trade creditors are recognised initialty at transaction price and Subsequent measured at amortised cost using the effertive interest method. Derecognition oAfinoncitil liobilltles Financial liabilitses are decOgnised when the charl5 contractual obligations expire or are discharged or cancelled. 1.10 Employee beneffts The cost of any unused holiday ents"tlement is recognised in the period in which the employee'5 services a received. Termlnation beneffts are recognised immediately as an expense when the charity 15 demonstrably committed to terminate the employment of an employee orto provide termination benefits. Crltlcal accountin8 estirnates and judgements In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other sources. The estimates and associated assumpknons are based on historical experience and other fartots that are considered to be relevant. Actual results may differ from these estimates. The estimates and un(lerfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affetts tlY that period, or in the period of the revision and future period5 where the revision affects both current and future periods.
HOLBEACH & DISTRicf COMMUNITY ASSOCIAT1014 NOTES TO THE FINANaAL sfATEMENTS ICONTINUEOI FOR ThE YEAR ENDED 310ECEMBER 202S Charitsble artivities Charitable Charitsble Income Income 2025 2024 Hall hire Fundraising income 21.959 2.851 19,455 2,959 24.810 22,414 Income from inb*slments Unyestrlrted Unrestrirted fvnds (unds 2025 2024 Interest receivable 773 459 Raising funds Unrestricted Unrestricted funds funds 2025 2024 FundTri5ing costs 1.511 1.858 1,511 1.858
HOLBEACH & DisfRicf COMMUNttY ASSOCIATION NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) F(M THE YEAR ENDED 31 DECEMBER 2025 Charitable activities Charitable Charitable Expenditure Expenditure 2025 2024 Staff costs Depreciation Rates Light and heat Insurance Repairs and renewals 5,490 2,474 658 5.090 2,110 3.995 5,7 2,147 557 4,756 2,034 2.310 L 11 Telephone Licenees 523 293 411 558 257 614 1,046 539 29 Sundry expenses Cleaning Printing, wstage and stationery Bank charges 915 330 41 22.330 20,547 22,330 20,547 Net movement in fvnd5 2025 2024 The net movement in funds is stated after charging11dltn8>. Depreciation of owned tangible fixed assets 2,474 2,147 Trustees None of the trustee5 lor any persons connected with iheml received any remuneration or benefits frcffl the charity during the year. 10-
HOLBEACH & DisTricf COMMUMTY ASSOCIATION NOTES TO THE FINANCIAL STATEpI[s (CONTINUED) FOR THE YEAR EhlDED 31 DECEER2025 Employees The average Month number of employees during the year was: 2025 Number 2024 Number Employment costs 2025 2024 Wages and Salaries 5,490 5,71Xl There were no employees whose annual remuneration was more than £fQ.ClXI. 10 Taxatlon The charity is exempt fmm taxation on its activiknes because all its income is applied for charitable purposes. 11 Tangible fixed assets Tot•1 Cost At l January 2025 Additions 41.873 19.014 2.331 64,014 3,405 127.232 3.405 At 31 December 2025 41.873 19.014 2.331 67,419 130,637 Depreciation and ImpairnTht At ljanuary 2025 DepcIation charged in the year 2,331 48,839 2,474 51,170 2,474 At 310ecember 2025 2,331 51.313 53,644 Carry•n8 amount At 31 Oecernber 2025 41,873 19.014 16.106 76.993 At 31 December 2024 41.873 19,014 15.175 76,062 11
HOLBEACH & DISTRicf COMMUNITY ASSOCIATION NOTES TO THE FINANaAL sfATEMENtS ICONnNUEDI FOR THE YEAR ENDED31 DECEMBER 2025 Debtors 2025 2024 Amounts fallin8 due within one year: Prepayments and accrued income 2.118 1,549 13 Creditors: amounts falling due within one year 202S 2024 Deferred income Trode CdItorS 2,520 423 1,820 615 2,943 2,435 14 Analysis ¢f rnt assets bet*en fvnd5 Unrestricted funds 2025 At 31 December 2025: Tangible assets CUnt assetsllliabilities) 76.993 27.249 104.242 Unrestricted fvnds 2024 At 31 Oecember 2024: Tangible assets CUrrtt assetsllliabilitses} 76.062 26,438 102,5(Kl IS Related party transactlons There were no disclosable related party transactions during the year12024- none). 12-