The directors (who are also trustees) present their annual report and financial statements for the year ended 31 December 2025.

The principal activity of the company continued to be that of a member-driven organisation whose aim is to promote and protect the interests of residents on matters affecting or likely to affect Horsell. To support and promote social and benevolent activities for the benefit of residents and raise funds in support .

Horsell Residents Association Ltd is a company limited by guarantee and registered as a charity with the Charity Commissioners and is governed by its memorandum and articles of association. The principal office of the charity is the registered office as noted on the Company Information page.

The company has achieved its principal activities. The analysis of the income is set out in the notes to the financial statements.

The company opened the year with net assets of £17,690 and received income of £19,960 and ended the year with increased reserves of £18,412.

All income was unrestricted with the exception of the sale of calendars, the surplus from which is earmarked for the benefit of three local charities, Horsell Scouts and Guides, Woking High School for an outdoor table tennis table and Your Sanctuary, all of which have been accrued for in the financial statements.

There are no staff.

The trustees are planning to maintain reserves in line with the stated reserves policy.

The directors of the charitable company are its trustees for the purpose of charity law.    

The trustees' liability is limited to £1 each, provided that they do not act negligently, or fraudulently, and do not allow the charity to continue when it is insolvent.

The trustees confirm their regard to the Charity Commissioners guidance on public benefit.

Trustees are recruited from the general public. A prospective trustee will receive an initial introduction to the work of the company, followed by an informal interview with two existing trustees. Following the receipt of two satisfactory references, the prospective trustee is proposed for election at a subsequent meeting of trustees.

The trustees who held office during the year and up to the date of signature of the financial statements were as follows:

The trustees believe that the minimum level of unrestricted reserves should be the equivalent of six months' operating costs.    

The reserves, calculated as at 31 December 2025 were £18,412.

The charity intends to pursue its principal activities in the future.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Horsell Residents Association Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Birch House, Horsell Birch, Horsell, Woking, Surrey, GU21 4XD.The financial statements cover the company as an individual entity.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. 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.

Income is derived from annual and life subscriptions paid to the association in the year, donations , grants and other fund raising activities. Life subscriptions are included in the financial statements when received.

Expenses include VAT where applicable as the company is not VAT registered.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and Machinery                 Straight line over 3/5 years

Banners                        Straight line over 10 years

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

The company is not carrying on a business for the purposes of making a profit and is therefore exempt from corporation tax.

Resources expended

All expenditure is accounted for on an accruals basis, and has been classified under headings that aggregate all costs related to that category. The value of volunteers' time has not been reflected in the financial statements .

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying 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 affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

None of the trustees received any remuneration during the year.

Expenses in the year totalled £1,966 ( 2024:£741) with three trustees (2024:three) reimbursed for fund raising events expenses of £1,722 (2024: £590) and for office costs of £244 (2024:£151)