FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
CHARITY NO. 523608
TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 3 |
| Trustees’ Report | 4-8 |
| Independent Examiners’ Report | 9 |
| Statement of financial activities | 10 |
| Balance Sheet | 11 |
| Notes to the Accounts | 12-17 |
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FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
TRUSTEES:
TRUSTEES: D Hall, appointed 1 May 2024 A Andrews, appointed 1 May 2024 L Hawkes, appointed 1 May 2024 M Howe, appointed 1 May 2024 L Manning, appointed 1 May 2024 B Cook, appointed 1 May 2024 J Glaves, appointed 1 May 2024 B Cassinelli, appointed 1 May 2024 L Hawkes, appointed 1 May 2024 G Cook, appointed 21 April 2024 L Pitts C Shepherd CHAIRTY NUMBER: 523608 REGISTERED OFFICE: Keats Road SHEFFIELD S6 1AZ INDEPENDENT EXAMINER: Samantha Nicholson BA (Hons) (Open) FMAAT Oakleigh Accounting Knowle House 4 Norfolk Park Road SHEFFIELD S2 3QE
BANKERS: Barclays Leicester LE87 2BB
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FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees of the charity submit their annual report and the financial statements for the year to 31 March 2025.
Structure, governance, and management
Foxhill and District Community Association is a Charity registered in England and Wales and is governed by its Constitution which was adopted in October 1965 as amened 22 July 19894 as amened on 9 June 2019.
Serving trustees in the reporting period were: D Hall, appointed 1 May 2024 A Andrews, appointed 1 May 2024 L Hawkes, appointed 1 May 2024 M Howe, appointed 1 May 2024 L Manning, appointed 1 May 2024 B Cook, appointed 1 May 2024 J Glaves, appointed 1 May 2024 B Cassinelli, appointed 1 May 2024 L Hawkes, appointed 1 May 2024 G Cook, appointed 21 April 2024 L Pitts C Shepherd
New trustees are appointed though a selection by a collective of the current trustees.
Objects
Our objective is to establish a community centre for the welfare and recreational activities of the inhabitants of the Foxhill and District area.
Achievements and Performance
Financial Review
Our financial position is steady. We have managed to maintain an income bar sales and activities within the hub throughout the year.
Our principal sources of fund continue to be bar sales.
On behalf of the board of trustees
Brooke Cassnelli Trustee
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FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER’S REPORT
I report to the trustees on my examination of the financial statements for the year ended 31 March 2025, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
Respective responsibilities of trustees and examiner
As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustee considers that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of independent examiner’s report
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
S Nicholson BA (Open) (Hons) FMAAT Oakleigh Accounting
Knowle House 4 Norfolk Park Road SHEFFIELD S2 3QE
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FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Notes Unrestricted funds Restricted funds £ £ Incoming resources from generated funds Grants and donations 2 - - Investment income 3 - - - - Incoming resource from charitable activities 4 135,445 - Total incoming resources 135,445 - Resources expended 5 Raising funds Charitable activities 141,874 - Depreciation 1,137 - Other 500 - Total resources expended 143,511 - Net income/(expenditure) for the year Net movement in Funds (8,066) (0) Fund balances at brought forward 37,258 0 Fund balances to carried forward 29,192 0 |
Total 2025 Total 2024 £ £ - - - - - - 135,445 58,008 135,445 58,008 141,874 80,839 1,137 - 500 - 143,511 80,839 (8,066) (22,831) 37,258 60,089 29,192 37,258 |
|---|---|
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FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
BALANCE SHEET AS AT 31 MARCH 2025
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Stock Cash at bank and in hand LIABILITIES Creditors: Amounts falling due within one year 11 Amounts falling due over one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES INCOME FUNDS Restricted funds 13 Unrestricted funds SHAREHOLDERS’ FUNDS |
2025 0 5,172 12,157 17,329 (4,548) 0 |
2024 16,411 16,411 0 5,172 26,257 31,429 (11,271) 0 12,781 29,192 0 29,192 29,192 |
17,100 17,100 20,158 37,258 0 37,258 37,258 |
|---|---|---|---|
The accounts were approved by the Board on ________
Brooke Cassinelli Trustee
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FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
1.1 Charity Information
Foxhill and District Community Association is a Charity registered in England and Wales. It has a registered charity number 523608. Charity administration details can be found on the reference page of these financial statements. The charity's aims and activities are explained in the trustees' report. Its principal office is Keats Road, Sheffield, S6 1AZ.
1.2 Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements are presented in Sterling (£)
1.3 Going Concern
After reviewing the charity’s budgets, forecasts and cash flow projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
1.4 Incoming resources
Donations and grants received are allocated between restricted and unrestricted funds and between the difference types of incoming resources according to their nature. Grants for revenue expenditure and capital expenditure are recognised in the statement of financial activities on a receivable basis.
Other incoming resources, including investment income, are recognised in the statement of financial activities on a receivable basis.
1.5 Resources expended
Resources expended are recognised in the period in which they are incurred. Expenditure is allocated to the appropriate headings in the Statement of Financial Activities according to the purpose for which the costs are incurred.
Charitable activities include costs incurred directly in the delivery of the charity’s objectives and services, together with an appropriate allocation of support costs.
Governance costs comprise those costs incurred in the governance of the charity and its assets, including compliance with constitutional and statutory requirements and the oversight of the charity by the trustees.
1.6 Interest Receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
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FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
1.7 Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
1.8 Tangible fixed assets and depreciation
Tangible fixed assets costing £1,500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following bases:
Fixtures and Fittings – 10% straight line Land and Building – 1% reducing balance
1.9 Financial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.10 Investments
Fixed asset investments are stated at market value.
1.11 Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
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FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
2. GRANTS AND DONATIONS
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Donations and gifts | 0 | 0 |
| 0 | 0 | |
| NVESTMENT INCOME | ||
Interest receivable |
0 | 0 |
3. INVESTMENT INCOME
4. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
| Community activities OTAL RESOURCES EXPENDED Community activities Community activities Activities undertake directly Grant funding of activities Total Other costs |
Unrestricted funds Restricted funds £ £ 135,445 - Staff costs Depreciation Other costs £ £ £ - - 141,874 - - - 0 0 141,874 - - 1,637 0 0 142,511 |
Unrestricted funds Restricted funds £ £ 135,445 - Staff costs Depreciation Other costs £ £ £ - - 141,874 - - - 0 0 141,874 - - 1,637 0 0 142,511 |
Total 2025 £ 135,445 Total 2025 £ 141,874 - 141,874 1,637 143,511 |
Total 2024 £ 58,008 Total 2024 £ 80,839 - 80,839 0 80,839 |
Total 2024 £ 58,008 Total 2024 £ 80,839 - 80,839 0 80,839 |
|
|---|---|---|---|---|---|---|
| 142,511 |
5. TOTAL RESOURCES EXPENDED
Other costs include payments to the independent examiner of £500 for independent examination fees.
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FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
6. ACTIVITES UNDERTAKEN DIRECTLY
Other costs relating to community activities comprise: Purchases Event Costs Wage & Salaries Travel Rates Light & Heat Repairs & Maintenance - Equipment Repairs & Maintenance – Premises Telephone Stationery, printing & postage Bank Chargers Insurance Office costs Accountancy fees Other professional fees Sundry |
2025 £ 70,384 10,437 44,262 98 824 9,999 1,373 - - 48 495 955 272 2,126 390 211 141,874 |
2024 £ - - - - - - - - - - - - - - - - 80,839 |
|---|---|---|
7. TRUSTEES
During the year the charities trustees nor any persons connected with them received any remuneration or benefits from the charity.
8. EMPLOYEES
Number of employees The average monthly number of employees during the year was: Charity employees Volunteers Trustees Employment costs Wages and salaries Social security costs Other pension costs Other Staffing costs |
2025 £ 8 0 12 20 43,610 639 13 - 44,262 |
2024 £ . 43,443 |
|---|---|---|
There were no employees whose annual remuneration was £60,000 or more. The charity is volunteer lead and had no paid staff during the year.
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FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
9. TANGIBLE FIXED ASSETS
| 10. 11. |
Land & Building |
Land & Building |
Land & Building |
Fixtures, fittings & equipment |
Fixtures, fittings & equipment |
Fixtures, fittings & equipment |
Fixtures, fittings & equipment |
|
|---|---|---|---|---|---|---|---|---|
| £ | £ | |||||||
| Cost | ||||||||
| At beginning of year | 40,932 | 167,612 | ||||||
| Additions | 0 | 447 | ||||||
| At End of year | 40,932 | 168,059 | ||||||
| Depreciation | 32,942 | 158,502 | ||||||
| At beginning of year | 80 | 1,058 | ||||||
Charge for the year |
33,022 | 159,560 | ||||||
At End of year |
||||||||
| Net book value | ||||||||
| At End of year | 7,910 | 8,501 | ||||||
At beginning of year |
7,990 | 9,110 | ||||||
DEBTORS 2025 £ Trade debtors 0 Amounts owed by group undertakings 0 0 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Trade creditors 4,048 Loans 0 Taxes and social security costs 0 Other creditors 0 Accruals 500 4,548 |
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FOXHILL AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
12. PENSION AND OTHER POST-RETIREMENT BENEFITS COMMITMENTS DEFINED CONTRIBUTION
The charity does not operate a defined contribution pension scheme, because during the year it has no paid members of staff.
13. RESTRICTED FUNDS
The income funds of charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purpose:
| Balance at | Incoming | Resources | Balances | |
|---|---|---|---|---|
| start of | resources | expended | at year | |
| year | end | |||
| £ | £ | £ | £ | |
| Grant | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 |
All restricted funds have sufficient resources that they may be applied in accordance with the restrictions.
14. SUMMARY OF FUND MOVEMENT
| Balance | Income | Expenditure | Balance | |
|---|---|---|---|---|
| brought | carried | |||
| forward | forward | |||
| £ | £ | £ | £ | |
| Unrestricted funds | 37,259 | 135,445 | 143,511 | 29,192 |
| Restricted: | ||||
| Grants | 0 | 0 | 0 | 0 |
| 37,259 | 135,445 | 143,511 | 29,192 |
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