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| 2 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 3 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 4 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 5 FOXHILL AND DISTRICT COMMUNITY ASSOCIATION ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** |N**otes**
**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| |---|---| ||| 6 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 7 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. 8 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. 9 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. 10 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. 11 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||||









|||| 12 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| 13