Radford Community Association Limited
Annual Report and Financial Statements
for the year ended 31st August 2025
| Contents: | Page |
|---|---|
| Trustees’ Annual Report | 2 - 6 |
| Financial Statements | 7 - 12 |
| Independent Examiner’s Report | 13 |
1
Radford Community Association Limited
Annual Report and Financial Statements
for the year ended 31st August 2025
Administrative Details
Organisation Name: Radford Community Association Charity Number: 700030 Company Number: 2216776 Principal Address: Jubilee Crescent Radford Coventry CV6 3EX
Trustees/ Directors: Mr J Kindness
Miss S Prew Miss H O’Connell (Secretary) Mr S Martin Mr T Skipper (Chair)
Ms S Ismail
Bank: TSB Bank PLC Jubilee Crescent Radford Coventry CV6 3ET Independent Examiner: Gavin Kibble MBE, ACMA 1 Kineton Road Wyken, Coventry CV2 3NR
2
Radford Community Association Limited
Trustees Report
The trustees present their annual report and financial statements for the year ended 31 August 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The charity exists for the benefit for the residents of the Radford, Coventry and surrounding areas providing activities including Education and Training
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
This financial year, the Association has seen the Council begin the works to the community centre which are part of the new 25-year lease with the City Council and the related schedule of works. This process has taken longer than expected due to contractor issues however the trustees are confident that this will be completed in a timely way and the end result will be worth the wait. Once the works are completed then the Association can finally enter into a new 25-year lease which will give it the stability and access to greater funding opportunities.
The proposed Community Café has also been hit with delays due to the above though this is also expected to open very soon. This will open the community centre up to a new raft of local residents whom the centre can begin to support.
We continue to work with partners to deliver various support and wellbeing groups and activities including craft groups, parent and toddler groups, a twice weekly youth club, midweek dance clubs, bingo, route to work support, fitness classes, tuition classes, gardening clubs, ESOL classes, Citizens Advice sessions and children’s parties.
Financial review
This year’s finances have again provided the Association with the means to carry out its core function of running Jubilee Crescent Community Centre and offering services to enhance and support the life of those in the local area. The Association is one of the few in the city which has continued to be self-sustaining with a bright financial health.
Risk Statement
The trustees have reviewed the risks to which a small charity is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis. The insurance policy is reviewed annually.
Reserves Policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three months unrestricted expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves is an absolute minimum while the operating reserves are often at least double this level.
3
Radford Community Association Limited
Structure, governance and management
Radford Community Association Limited is a charity and company limited by guarantee
Governance
The policy and operating decisions of the charity rest with the trustees who meet regularly to monitor the activities of the Charity. Day to day decisions are delegated to a management team and where appropriate guidance and sign off are taken from trustees.
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees elected prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the trustees' are required to:
· select suitable accounting policies and then apply them consistently;
· make judgements and accounting estimates that are reasonable and prudent;
· prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' report was approved by the Board of Trustees on
......................................................... Chair of Trustees.
4
Radford Community Association Limited
Statement of Financial Activities for the year ended 31[st] August, 2025
(incorporating the income and expenditure account)
| 2024/2025 2023/2024 |
|
|---|---|
| Unrestricted Restricted Total Total |
|
| Note | Funds Funds Funds Funds |
| Income : | £ £ £ £ |
| Donations and Legacies 2 |
- 19,700 19,700 67,821 |
| Income from Charitable Activities 3 |
82,474 - 82,474 85,866 |
| Total Income | 82,474 19,700 102,174 153,687 |
| Expenditure : | |
| Donations | 175 - 175 800 |
| Cost of Charitable Activities 4 |
98,767 25,840 124,607 105,761 |
| Total Expenditure | 98,942 25,840 124,782 106,561 |
| Net income/(expenditure) | (16,468) (6,140) (22,608) 47,127 |
| Transfer between funds | 29,955 (29,955) - - |
| Net movements in funds | 13,487 (36,095) (22,608) 47,127 |
| Reconciliation of funds : | |
| Total funds brought forward at 1st September | 31,994 50,125 82,119 34,992 |
| Total funds carried forward at 31st August 11 |
45,481 14,030 59,511 82,119 |
The statement of financial activities includes all gains and losses recognised during the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
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Radford Community Association Limited
Balance Sheet as at 31[st] August 2025
| Note | 31stAugust 2025 31stAugust 2024 |
|---|---|
| £ £ £ £ |
|
| FIXED ASSETS | |
| Tangible Fixed Assets 7 |
26,176 2,949 |
| CURRENT ASSETS | |
| Debtors and Prepayments 8 |
2,513 575 |
| Cash at Bank and in Hand | 34,795 80,482 |
| TOTAL CURRENT ASSETS | 37,308 81,057 |
| CREDITORS | |
| Amounts falling due within one year 9 |
3,973 1,887 |
| NET CURRENT ASSETS | 33,335 79,170 |
| NET ASSETS | 59,511 82,119 |
| FUNDS | |
| Restricted funds 11 |
14,030 50,125 |
| Unrestricted funds | 45,481 31,994 |
| TOTAL FUNDS | 59,511 82,119 |
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies’ regime within Part 15 of the Companies Act 2006. Approved by the trustees and signed by :
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(Chair)
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Dated : 19.5.2026
6
Radford Community Association Limited
Notes to the Financial Statements for the year ended 31[st] August 2025
1: Accounting Policies
1.1 The financial statements have been prepared in accordance with the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to organisations preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The organisation is a Public Benefit Entity as defined by FRS 102.
The organisation has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for organisations applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the organisation. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
The principal accounting policies adopted are set out below:
1.2 Going concern
At the time of approving the financial statements, the members have a reasonable expectation that the organisation has adequate resources to continue in operational existence for the foreseeable future. Thus, the members continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Funds
Unrestricted funds are available for use at the discretion of the members in furtherance of their objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the organisation is legally entitled to it after any performance conditions have 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 organisation has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the organisation has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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Radford Community Association Limited
Notes to the Financial Statements for the year ended 31[st] August 2025
1: Accounting Policies (continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.10 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Furniture, Fixtures and Fittings - 20% per annum of original cost
8
Radford Community Association Limited
Notes to the Financial Statements for the year ended 31[st] August 2025
| 2: Income from Donations, Grants and Legacies |
Unrestricted Restricted Total Funds Total Funds |
|---|---|
| Funds Funds 2024/2025 2023/2024 |
|
| £ £ £ £ |
|
| Grants Received | - 19,700 19,700 67,821 |
| 3: Income from Charitable Activities |
Unrestricted Restricted Total Funds Total Funds |
| Funds Funds 2024/2025 2023/2024 |
|
| £ £ £ £ |
|
| Room Hire and Other Income | 82,474 - 82,474 85,866 |
| 4: Costs of Charitable Activities |
Unrestricted Restricted Total Funds Total Funds |
| Funds Funds 2024/2025 2023/2024 |
|
| £ £ £ £ |
|
| Wages and Salaries | 40,021 19,700 59,721 52,529 |
| Utilities | 19,806 6,140 25,946 23,938 |
| Repairs and Maintenance | 8,047 - 8,047 8,206 |
| Depreciation | 6,728 - 6,728 2,206 |
| Accountancy | 856 - 856 1,464 |
| Rates (inc Water Rates) | 5,646 - 5,646 4,343 |
| Telephone and Internet | 1,059 - 1,059 874 |
| Insurance | 632 - 632 632 |
| Cleaning | 1,819 - 1,819 1,725 |
| IT Software and Consumables | 2,208 - 2,208 1,563 |
| Bank and Credit Card Charges | 203 - 203 210 |
| Debt Write-off | 4,699 - 4,699 1,262 |
| Small Value Equipment (<£500) | 1,171 - 1,171 2,733 |
| Subscriptions | 567 - 567 574 |
| Consulting and Contractors | 1,145 - 1,145 - |
| Events | 1,295 - 1,295 845 |
| Training | 507 - 507 250 |
| Travel | 63 - 63 - |
| General | 108 - 108 1,379 |
| Office Expenses | 2,188 - 2,188 1,030 |
| 98,767 25,840 124,607 105,761 |
|
| 5: Loss before tax |
2024/2025 2023/2024 |
| This is stated before charging | £ £ |
| Depreciation of owned assets | 6,728 2,206 |
| Pension costs | 1,317 1,227 |
9
Radford Community Association Limited
Notes to the Financial Statements for the year ended 31[st] August 2024
| 6: Analysis of staff costs, staff numbers and trustee remuneration and expenses |
2024/2025 2023/2024 |
|---|---|
| £ £ |
|
| Expenditure includes staff costs as follows : | |
| Salaries | 53,088 49,420 |
| Employers NI | 5,316 1,882 |
| Employer Pension | 1,317 1,227 |
| Total Staff Costs | 59,721 52,529 |
The average monthly headcount was 4staff (2024: 4 staff) and the average monthly full-time equivalent headcount (including part-time staff) was 3 (2024:3). No employee was paid more than £60,000. The charity’s trustees were not paid or received any other benefit from employment with the charity neither were they reimbursed expenses during the year (2024:nil). No charity trustee received payment for professional or other services supplied to the charity during the year (2024: nil)
| 7: Tangible Fixed Assets |
Fixtures, Furniture and Equipment Total |
|---|---|
| £ £ |
|
| Cost | |
| As at 1st September 2024 | 28,735 28,735 |
| Additions | 29,955 29,955 |
| Disposals | - - |
| As at 31st August 2025 | 58,690 58,690 |
| Depreciation | |
| As at 1st September 2024 | 25,786 25,786 |
| Charge for the year | 6,728 6,728 |
| Disposals | - - |
| As at 31st August 2025 | 32,514 32,514 |
| Net Book Value | |
| As at 1st September 2024 | 2,949 2,949 |
| As at 31st August 2025 | 26,176 26,176 |
| 8: Debtors : amounts falling due within one year: |
2025 2024 |
| £ £ |
|
| Debtors | 2,513 575 |
| 9: Creditors : amounts falling due within one year: |
2024 2023 |
| £ £ |
|
| Accruals and deferred income | 350 350 |
| HMRC | 3,623 1,537 |
| 3,973 1,887 |
10
Radford Community Association Limited
Notes to the Financial Statements for the year ended 31[st] August 2025
10: Related Party Transactions
There were no related party transactions during the year (2024 : nil)
| 11: | Analysis of Movements in Restricted Funds |
Balance as at 01/09/2024 Income Expenditure Transfers Balance as at 31/08/2025 |
|---|---|---|
| £ £ £ £ £ |
||
| Restricted Funds | ||
| Severn Trent | 6,140 - (6,140) - - |
|
| National Lottery Fund | - 19,700 (19,700) - - |
|
| Inclusive Communities Fund | 43,985 - - (29,955) 14,030 |
|
| 50,125 19,700 (25,840) (29,955) 14,030 |
||
| 11: | Analysis of Movements in Restricted Funds |
Balance as at 01/09/2023 Income Expenditure Transfers Balance as at 31/08/2024 |
| £ £ £ £ £ |
||
| Restricted Funds | ||
| Severn Trent | - 13,986 (7,846) - 6,140 |
|
| National Lottery Fund | - 9,850 (9,850) - - |
|
| Inclusive Communities Fund | - 43,985 - - 43,985 |
|
| - 67,821 (17,696) - 50,125 |
Description of Restricted Funds
Severn Trent Fund: Grant towards utility and core costs.
National Lottery Fund: Grant (paid quarterly) towards Centre Manager costs Inclusive Communities Fund: Grant for Community Café Project
| Unrestricted Restricted Total Total |
|
|---|---|
| Funds Funds Funds Funds |
|
| 12: Analysis of Net Assets between Funds |
2025 2024 |
| Fund balances at 31st August are represented by : | £ £ £ £ |
| Tangible Assets | 26,176 - 26,176 2,949 |
| Current Assets/(liabilities) | 19,305 14,030 33,335 79,170 |
| 45,481 14,030 59,511 82,119 |
11
Radford Community Association Limited
Prior Year Statement of Financial Activities for the year ended 31[st] August, 2024 (incorporating the income and expenditure account)
| 2023/2024 2022/2023 |
|
|---|---|
| Unrestricted Restricted Total Total |
|
| Funds Funds Funds Funds |
|
| Income : | £ £ £ £ |
| Donations and Legacies | - 67,821 67,821 5,210 |
| Income from Charitable Activities | 85,866 - 85,866 86,627 |
| Income from Investments | - - - 6 |
| Total Income | 85,866 67,821 153,687 91,843 |
| Expenditure : | |
| Donations | 800 - 800 - |
| Cost of Charitable Activities | 88,065 17,696 105,761 84,767 |
| Total Expenditure | 88,865 17,696 106,561 84,767 |
| Net income/(expenditure) | (2,998) 50,125 47,127 7,076 |
| Transfer between funds | - - - - |
| Net movements in funds | (2,998) 50,125 47,127 7,076 |
| Reconciliation of funds : | |
| Total funds brought forward at 1st September | 34,992 - 34,992 27,916 |
| Total funds carried forward at 31st August | 31,994 50,125 82,119 34,992 |
12
Independent examiner’s report to the trustees of the Radford Community Association Limited
I report on the accounts for the year ended 31[st] August 2024 which are set out on pages 5 to 12
Respective responsibilities of the trustees and the examiner
The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the General Directions given by the Charity
-
Commissioner section 145 (5) (b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes considering any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
Independent examiner’s statement
In connection with my examination, no matters have come to my attention:
-
(1) which give me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 130 of the 2011 Act; or
-
to prepare accounts which accord with the accounting records and comply with the
-
accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Gavin Kibble
Mozaic Innovate Ltd
- 1 Kineton Road, Coventry
CV2 3NR
- 19[th] May, 2026
13