Abbey Ward Community Association Limited - Charities report

REGISTERED COMPANY NUMBER: 07874435 (England and Wales)

REGISTERED CHARITY NUMBER: 1143346

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31st December 2025

for

Abbey Ward Community Association Limited

Page

Report of the trustees

1

to

3

Independent examiner's report

4

Statement of financial activities

5

Balance sheet

6

to

7

Notes to the financial statements

8

to

13

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2025. The trustees have adopted the provisions of 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's Constitution was adopted on 30th March 1998 as amended on 1st October 2008.

The objects of the association are to:

" promote the benefit of the inhabitants of Abbey Ward & Haris lane and the neighbourhood together defined by Abbey Ward (hereinafter called the area of benefit) without distinction of sex, sexual orientation, nationality, age, disability, race or of political, religious or other opinions, by associating together the said inhabitants and the statutory authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants;

" establish, or secure the establishment, of a community centre hereinafter called the centre and to maintain and manage the same whether alone or in co-operation with any local authority or other person or body in furtherance of these objects; and

" promote such other charitable purposes as may from time to time be determined. the association shall be non-party in politics and non-sectarian in religion.

In furtherance of this objective, the Trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the Charity Commission's published guidance concerning the operation of the Public Benefit requirement under the Act.

Achievements and performance

Charitable activities

Abbey Ward Community Association wants to see all members of the community accessing leisure activities within easy reach of their homes at low or no cost to help them socialise and keep healthy.

They also want to provide food banks help for people in need.

Abbey Ward Community Association want a high standard venue with all documents policies up to date. A good place to attend for prayer in many religious groups. The centre aims to offer space for all community voluntary groups in order to run activities, meetings and functions for the neighbourhood. These groups are to be welcoming to all members of the community.

We like to be able to have a safe place for young people and vulnerable adults.

Continue to provide Pre School and early learning for young children.

They have many voluntary helpers who still enjoy working in the centre.

Financial review

Financial position

Net incoming resources for the year were £6,034 (2024 : £8,024) thus at the end of this year, the charity had net assets of £32,188 (2024 : £26,154).

Investment policy and objectives

The trustees' investment powers are governed by the Constitution, which permits the Charity's funds to be

applied at the absolute discretion of the trustees. As at the date of the balance sheet there were no restricted

funds held by the Charity.

Reserves policy

It is the policy of the Charity to maintain unrestricted funds, which are the free reserves of the Charity, at a

level which at least equates to approximately six months unrestricted expenditure. This provides sufficient

funds to cover management and administration and support costs and to respond to emergency applications

for grants, if necessary. Unrestricted funds were maintained at this level throughout the year. As our building

and its equipment age, the costs of maintenance are increasing.

Going concern

At the time of approving the accounts, 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 accounting in preparing the accounts.

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Induction and training of new trustees

New Trustees are inducted into the workings of the Association and given the Charity Commission leaflets

CC3 and CC3(a), Responsibility of Charity Trustees, the latest accounts which have been subject to an

independent examination and up to date management figures.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have examined the major strategic, business and operational risks which the Charity faces and

confirm that systems have been established to enable regular reports to be produced so that the necessary

steps can be taken to lessen these risks.

Reference and administrative details

Registered Company number

07874435 (England and Wales)

Registered Charity number

1143346

Registered office

Cowbridge Lane

Barking

Essex

IG11 8LQ

Trustees

K Peters

M Farooqui

Rev A Manford (resigned 14/7/2026)

Ms D M Martinez

Mrs L Strange

Company Secretary

K Peters

Independent Examiner

Andrew Gibson

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Bankers

HSBC UK

118 High Street North

London

E6 2HX

Approved by order of the board of trustees on 6th September 2026 and signed on its behalf by:

K Peters - Trustee

Independent examiner's report to the trustees of Abbey Ward Community Association Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 accounts to be reached.

Andrew Gibson

The Institute of Chartered Accountants in England and Wales

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

6th September 2026

2025

2024

Unrestricted

Restricted

Total

fund

funds

Notes

£

Income and endowments from

Other trading activities

2

51,274

-

51,274

46,334

Other income

-

9,726

Total

51,274

-

51,274

56,060

Expenditure on

Raising funds

3

45,240

-

45,240

45,398

Other

-

2,638

Total

45,240

-

45,240

48,036

NET INCOME

6,034

-

6,034

8,024

Reconciliation of funds

Total funds brought forward

26,154

-

26,154

18,130

Total funds carried forward

32,188

-

32,188

26,154

2025

2024

Unrestricted

Restricted

Total

fund

funds

Notes

£

Fixed assets

Tangible assets

7

8,648

-

8,648

9,180

Current assets

Debtors

8

216

-

216

527

Cash at bank and in hand

25,924

-

25,924

18,847

26,140

-

26,140

19,374

Creditors

Amounts falling due within one year

9

(2,600

)

-

(2,600

)

(2,400

)

Net current assets

23,540

-

23,540

16,974

Total assets less current liabilities

32,188

-

32,188

26,154

NET ASSETS

32,188

-

32,188

26,154

Funds

10

Unrestricted funds

32,188

26,154

Total funds

32,188

26,154

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 6th September 2026 and were signed on its behalf by:

K Peters - Trustee

M Farooqui - Trustee

D M Martinez - Trustee

1.	Accounting policies

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the period of the lease.

2.	Other trading activities

2025

2024

£

Hall rental income

51,274

45,101

Summer club income

-

1,233

51,274

46,334

3.	Raising funds

Raising donations and legacies

2025

2024

£

Rates and water

2,236

3,403

Insurance

2,847

1,840

Light and heat

6,827

5,136

Telephone

894

939

Postage and stationery

179

309

Sundries

385

-

Repairs and maintenance

1,127

4,240

Cleaning

602

-

Training

-

359

Motor vehicle expenses

-

374

Donations

-

200

Licences

-

77

Storage hire

-

541

Professional fee

-

319

General maintenance

19,010

19,850

Crafts

-

300

Depreciation

532

34,639

38,419

4.	Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

Examiner remuneration

1,300

1,200

Accountancy

1,468

1,356

Depreciation - owned assets

532

Hire of plant and machinery

551

-

5.	Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31st December 2025 nor for the year ended 31st December 2024.

Trustees' expenses

For the year ended 31st December a total of £155 was paid to Trustees as reimbursement for Abbey Ward Community Association expenses.

6.	Comparatives for the statement of financial activities

Unrestricted

Restricted

Total

fund

funds

£

Income and endowments from

Other trading activities

46,334

-

46,334

Other income

9,726

-

9,726

Total

56,060

-

56,060

Expenditure on

Raising funds

45,398

-

45,398

Other

2,638

-

2,638

Total

48,036

-

48,036

NET INCOME

8,024

-

8,024

Reconciliation of funds

Total funds brought forward

18,130

-

18,130

Total funds carried forward

26,154

-

26,154

7.	Tangible fixed assets

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

Cost

At 1st January 2025 and
31st December 2025

14,359

977

3,143

18,479

Depreciation

At 1st January 2025

5,179

977

3,143

9,299

Charge for year

532

-

532

At 31st December 2025

5,711

977

3,143

9,831

Net book value

At 31st December 2025

8,648

-

8,648

At 31st December 2024

9,180

-

9,180

8.	Debtors: amounts falling due within one year

2025

2024

£

Prepayments

216

527

9.	Creditors: amounts falling due within one year

2025

2024

£

Accrued expenses

2,600

2,400

10.	Movement in funds

Net

movement

At

At 1/1/25

in funds

31/12/25

£

Unrestricted funds

General fund

26,154

6,034

32,188

TOTAL FUNDS

26,154

6,034

32,188

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

51,274

(45,240

)

6,034

TOTAL FUNDS

51,274

(45,240

)

6,034

Comparatives for movement in funds

Net

movement

At

At 1/1/24

in funds

31/12/24

£

Unrestricted fund

18,130

8,024

26,154

TOTAL FUNDS

18,130

8,024

26,154

Comparative net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted fund

56,060

(48,036

)

8,024

TOTAL FUNDS

56,060

(48,036

)

8,024

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1/1/24

in funds

31/12/25

£

Unrestricted fund

18,130

14,058

32,188

TOTAL FUNDS

18,130

14,058

32,188

Net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted fund

107,334

(93,276

)

14,058

TOTAL FUNDS

107,334

(93,276

)

14,058

11.	Related party disclosures

There were no related party transactions for the year ended 31st December 2025.