REGISTERED COMPANY NUMBER: 03338418 (England and Wales
REGISTERED CHARITY NUMBER: 1068666
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
ROWNER COMMUNITY TRUST
Gibson Idvhitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
P07 6XP

ROWNER COMMUNITY TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
Independent Examlnarfs Report
Statem6nt of Flnanclal Activitles
Balance Sheet
Notss to the Flnanclal Ststements
10 to 19

ROWNER COMMUNITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
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 31 March 2024. 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 AcnviTIES
Objectives and aims
Rowner Communty Trust (RCT) is a communty development trust created to improve the qualty of lrfe and
the local environment, enhance community connection and wellbeing, and prosperity and provide facilities
and amenities for people living and working in Rowner (Alver Valley & Grange Wards) in Gosport. Our role is
tt) enable and involve local people helping them to tske action to make Rowner an even greater place to live
and work for all residents. Ive do this by providing and running a youth focused and youth-led facility and
developing positive opportunities for local young people, running a community centre and hosting resident
engagement events and activities across the neighbourhood. We champion resident leadership and
encourage residents to develop new groups and activities and get involved in broader communty activities
and events. We also encourage residents to take greater pride in where they live and make a contributron to
community life.
We seek to give residents a greater voice and advocate for the neighbouthood on key local issues to help
tackle hea￿h and other inequalities, bringing people and key organisations together to make the
neighbourhood a safer and more vibrant place to live.
Slgnlficant actlvltles
During the 2023124-year RCT continued working towards a vision of a vibrant, happier and safer communty
giving opportunities for residents to access key support and participate in communty activities while
recognising the impact rising costs of living was having on many households in our communty. A decision
was made not to increase the communty le￿ charge for this financial year given the pressures that many
residents were facing.
This was very much a year of transition with new management and revisiting the potential for RCT to make a
positive impact, building on our neighbourhood and community assets, with residenls to address the key
issues affecting local quality of life. During the year we undertook a range of programmes to engage and
support residents including a programme of cooking classes utilising the refurbished Nimrc*l Centre kitchen
and café sp￿$ and a substantive expansion of our school holiday provision helping to reduce both social
isolation and reduce holiday hunger while also promoting reading. We also continued the community garden
and promoting other opportunities for local people to grow some of their own food and make new use of the
spaces available at the Nimrod Centre.
Wa continued to provide space and facilities for some vital local NHS senrfices including CAMHS and Solent
MIND for mental heatth support. At the Nimrod we continued to develop our new café Spa￿ and community
café supported by Power to Change. With the support of Gosport Borough Council we alp￿ invested in a new
digrtal hub to support residents to help improve local access to key setvices and training. We also made
targeted investment in improving some key spaces to make them more attractive and contemporary feeling
atmosphere so we can attract and host new services and offers for local people.
Page 1

ROWNER COMMUNITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Significant activities continued
INe also had a significant focus on relooking at our Youthy building and developed plans and applied for
funding to improve this and the surrounding public spaces to create a more contemporary feeling Youth Arts
and Media Centre (YAMC) so as to provide high-quality base for more youth and potentially cultural provision
in Rowner. This relook and the plans we developed resulted in us securing a welcome investment from the
Youth Investment Fund to refurbish this space so as to make it more available and attractive for more
contemporary open-access youth provision.
New management was also an opportunity to review the direction of RCT which resulted in changes in
staffing and the development of an interim strategy to focus our work on key local issues of improving the
local environment, opportunities for young people and communty image. Posittve and fruitful discussions
were held with residents to identify their priorities with clear priorities around environmental quality, communiiy
safety and young people emerging. As the year progressed, we adopted and tested much more of a
co4esign approach which is being fully rolled out next summer. We were particularly pleased to host an
inspiring and productive day-long workshop with local residents and architectural and landscaping Students
from the University of Portsmouth.
So for us 2023124 has been a year of consolidation and transitton and some significant changes were made.
We revisited many of the issues that have challenged the trust including those which have become more
pressing since the pandemic. The Board agreed an approach which means that RCT will progressively seek
to up free-up intemally generated resources and secure exlemal investment to catalyse substantive efforts to
address local resident's priorities.
Publlc benoflt
The Trustees have referred to the Charity Commission's guidance on Public Benefrt in deciding what adivities
the company should undertake in order to achieve rts aims and objectives.
The activities RCT undertake for public benefit include a commitment to engage and invO￿e residents in
infoming our priorities and delivering and facilitating the community action, amenities and seDiices that they
want to see. Examples of this include our work to shrfi to a more proactive approach to perceived and real
antisocial behaviour and our work to encourage people to get more involved in local activitias.
We continue to support and provide a range of infomal and fomal groups and activities which residents can
join and participate in based al the Nimrod Centre and Youthy. We hosted a wide range of social groups,
classes and activities and developed our own work around cooking and a¢￿sS to affordable food and
growing in collaboration with a range of local and Gosport-based groups and organisations including
supporting our local all¢)tment growers.
During the year Trustees actively supported our new Chief Officer as V￿ reviewed our future programmes to
ensure that we had an effective programme of V￿rk responding to resident priorities and the addrtional
challenges brought by the costd-living crisis. We were particularly pleased to facilitate the return of Citizens
Advice offering a regular l¢xal point of access to independent and trusted infonnation and advice for all local
residents. Crucially, the Board with our new Chief Officer undertook a process to take stock of our position, to
review the key challenges and priorities of our community and to prepare an updated interim strategy and
new business plan for the coming 5-year period.
The specific focus which emerged over this year was on developing the Youthy and new youth offers, testing
new fomis of community engagement events and activities and improving our communications wrth residents
which will be fulty tested and rolled out in the coming year.
Page 2

ROWNER COMMUNITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Financial report for the year
Given the post-pandemic resource challenges we have revisited and reduced some of our core costs and
carefully monitored our cashflow and bank balances, put in pla￿ appropriate financial controls to ensure
expenditure was fully in line with the purposes for which funding was given and that intended activity was
delivered and social impact and outcomes achieved. This has resulted in a significantly smaller deficrt for this
financial year with the aim of being in a stronger position to invest and grow in the coming years.
As a resutt of our successful fundraising, total incoming resources increased to £320,865, a 27% increase on
the prior year (2023.. £252,528). Total resources expended amounted to £336,586 (2023.. £310,030). l•thilst
RCT made a deficit of (£15,721) we continued to invest in improving our systems and in our staffing with
fewer staff but roles better aligned to respond to the priorities identified by residents. We also made the
decision to continue to subsidise our café and drop in access offer allowing residents to engage and connect.
This has paid dividends in temis of subsequent engagement in public space and other events. Restricted
reseNes amounted to £631,360 after further income was received from Youth Investment Fund and after
taking into account further depreciation on the freehold property value. Unrestricted funds stsnd at £120,447
which equates to around 5 months running costs. This is in line with our resenies policy of holding up to 6
months of running costs and demonstrates effective financial governance and management.
Subsldlary company
The charity retains a wholly owned subsidiary, RCT Enterprises CIC, a communty interest company, whbch
has previously undertaken facilrties management services in Rowner and on behalf of RCT. The subsidiary's
activities continued to be significantly limited during the 23124 year with no activty or noN contract
opportunities. Directors of RCT Enterprises CIC made the decision to wind up RCT in 24125 and staff
transferred back to be employed by RCT.
R•8•N•s poIIcy
The long-tenn policy is to accumulate unrestricted reserves to an appropriate level, sufficient to provide the
charity with financial stabilty and headroom to launch new ser4ices and the means for it to meet its charitable
objectives for the foreseeable future.
RCT will aim to maintain the charity's reseNes at a level which is equivalent to six months operational
expenditure. This will be reviewed regularly, in light of the charity's circumstances and operating environment.
At 31 March 2024 our unrestricted reserves amounted to approximatety 5 months of running costs.
Page 3

ROWNERCOMMUNITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FUTURE PLANS
RCT now has a clear 5 year strategy and business plan, and will continue to deliver benefrts to and wrth
Rowner residents, promoting heatth and wellbeing, tackling inequalities and Invo￿1n9 ￿identS in improving
and looking after their local environment. In 23124 RCT will pursue three key objectives:
Engage a wide cross-section of residents in identifying Rownerfs st￿ngthS and aspirations as the
basis for the generation and articulation of a positive shared identity and longer-tem community
sustainability.
Develop and test core RCT programmes which distinctively address the key challenges facing
Rowner and W￿rk with local collaborators to develop new aligned and resonating offers which
promote local resident's resilience, wellbeing and a flourishing vibrant community.
Refresh RCT'S business model and approaches to become more of a communty-driven organisation
which is proactively shaping Rowner, attracting new investment and which is able to demonstrate
impact for levy￿ayers, all residents and key stakeholders.
Our specific plans under these 3 key objectives, for 2024125 include..
Developing a Youth Voice initiative with young people in Rowner, building on investment secured for
the refurbishment of the Youthy and a programme of youth engagement and provision with young
people in Rowner.
Refurbish the Youth building to create a contemporary, stste-of-the-art facilty for young people in
Rowner- somewhere they and the whole community can be proud of and we can collectively use to
inspire future generations.
secu￿ funding for the first stage of environmental improvement programme which will include aa
community led engagement and open space design process. We will invest local community events
and outreach worf( to engage residents in the places and parts of the neighbourhood where they live.
Continue to operate the Nimrod Centre providing a range of social activities, clubs and health &
wellbeing services hosted by NHS, MIND, Citizens Advice and a community café to provide space for
affordable and hea￿hY food and drink and to promote social connectedness. We will continue to use
this to promote wider RCT services 8nd opportunities.
Delivering support for young people and families including collaboration with our local primary and
secondary schools and support for holiday activities. We will continue to be involved as a provider in
Holiday Activities and Food Funding programme supported by Hampshire County Council.
Take further steps with partners to tackle anti-social behaviour and provide positive activities for
young people.
Continue to grow and offer more volunteer and intern opportunities.
Invest in promoting RCT activities and benéfts ft)r residents through organising and hosting
communty events and celebrations.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govarnlng docum•nt
The charity is controlled by lis goveming document, a deed of trust, and constrtutes a limited company, limited
by guarantee, as defined by the Companies Act 2006.
Charity constltutlon
The Charity is controlled by its goveming document a Memorandum of Understanding and Articles of
Association, and is a company limited by guarantee, as defined by the Companies Act 2006 and incorporated
on 18 March 1997 arKI is also a Charty registered under the Charities Act 2011. The Memorandum of
Understanding and Articles of Association were amended effective 28 January 2011 pursuant to the Trust's
commitments to the Regeneration of the Rowner neighbourhood. The articles require that RCT is managed
by a Board of Trust*s who seNe as company directors and charity trustees respectively wrthin the meaning
of the Companies Act 2006 and the Charities Act 2011.
Recruitment and appointment of new trustees
Trustees are recruited from the local communty, local Councillors and from partner organisations who
support the aims and objectives of RCT. Appointment of trustees is through election by members and a
process of COwOPting persons with appropriate skills. Trustees are appraised of their duties and obligations
under charity law and Charity Commission guidelines. The trustees adhere to corporate govemance policies
and are reqUI￿d to register and declare any conflicts of interest regularty. Trustees are inducted and
encouraged to attend appropriate training to fulfil their duties.
Page 4

ROWNER COMMUNITY TRUST
REPORTOF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
RCT Board meets regularly Ibi-monthly) and is responsible for setting the strategy of the Charty and
approving the annual business plan. We have subgroups and task and finish groups to provide additional
support on Finance, HR and Marketing and Events although the small nature of the board means that most
business in conduded and decisions made by the whole Board
A Chief Officer (CO), appointed by the Trustees, manages the day-to-day operations and is responsible for
ensuring that the Charty delivers se￿iceS and activities set out in the business plan and that key
perf0m￿nCe indicators are met. CO is responsible for a small stsff team and a diverse and increasing
number of volunteers and intems.
REFERENCE AND ADMINISTRAnvE DETAILS
Reglstered Company number
03338418 (England and Wales)
RegISter￿ Charlty number
1068666
Reglst•rad office
Rowner Community Trust
Nimrod Communty Centre
17 Falcon Meadows Way
Gosport
Hampshire
P013 8AA
Trust008
Mr T J W Houghton
Mr l G Lycett
Cllr Mrs M H Morgan
Mr D Streek
MsNAByer
Mr S Mclndoe
Resigned 12 April 2024
Resigned 30 April 2024
Independent Examlnor
Gibson wh￿er
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
P07 6XP
Approved by order of the board of trustees on ...1.6..J.anuary.2025...
. and signed on its behalf by:
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
ROWNER COMMUNITY TRUST
Independent examlner's report to the trustees of Rowner Communlty Trust (Ihe Company.
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 March 2024.
Responslbllltles 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 (Ihe 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 carying out my
examination I have followed the Directions given by the Charty Commission under Section 145(5) (b) of the
2011 Act.
Independent examlnorfs statement
Since your charty's gross income exceeded £250,000 your examiner must be a member of a listed body. I
can confimi that l am qualrfied to undertake the examination because l am a member of the Institute of
Chartered Accountants in England and Wales, which is one of the listed b￿jieS.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by Section 386 of the 2006
Act., or
the accounts do not accord wrth those records,. or
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
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 concems 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.
Gavin Imbitler
Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshi
P07 6XP
Page 6

ROWNER COMMUNITY TRUST
STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacres
22,4C
Charitable activltles
Communrty centre
145,895
104,985
250,880
150,753
Other trading activities
Investment income
68,620
1,365
68,620
1,365
78,068
1,301
Total
215,880
104,985
320,865
252,528
EXPENDITURE ON
Charltablo actlvltles
Communty centre
255,357
81,229
336,586
310,030
NET INCOMEIIEXPENDITURE)
(39,477)
23,756
(15,721)
(57,502)
RECONCILIATION OF FUNDS
Total funds brought forward
159,924
607,604
767,528
825,030
TOTAL FUNDS CARRIED FORWARD
120,447
631,360
751,807
767,528
The notes fomi part of these financial statements
Page 7

ROWNER COMMUNITY TRUST
BALANCE SHEET
31 MARCH 2024
31.3.24
31.3.23
Notes
FIXED ASSETS
Tangible assets
Investments
13
14
580,956
100
607,683
100
581,056
607,783
CURRENT ASSETS
Debtors
Cash at bank
15
199,645
47,526
91,375
123,183
247,171
214,558
CREDITORS
Amounts falling due within one year
16
(76,420)
(54,813)
NET CURRENT ASSETS
170,751
159,745
TOTAL ASSETS LESS CURRENT
LIABILITIES
751,807
767,528
NET ASSETS
751,807
767,528
FUNDS
Unrestricted funds
Restricted funds
18
120,447
631,360
159,924
607,604
TOTAL FUNDS
751,807
767,528
The charitable company is enkn'tbd to exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(al
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
accordan￿ with the requirements of Sections 394 and 395 and which othe￿iSe comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
The notes fom part of these financial statements
Page 8
continued...

ROWNER COMMUNITY TRUST
BALANCE SHEET- contlnued
31 MARCH 2024
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 and authorised for issue by the Board of Trustees and authorised for
1f..4arJv.g.ry..29.2ffi.....
issue on ..... .
. and were signed on its behalf by..
MrT
Hou
on - Trustee
The notes fomi part of these financial statements
Page 9

ROWNER COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Basls of preparlng the flnancial statemonts
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been p￿pared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities: Statement of Recommended Practi￿ applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS
102) (effective 1 January 2019),, Financial Reporting Stsndard 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, with the exception of investments which are
included at market value.
Golng Concern
The Trustee Directors believe Rowner Communty Trust will remain a going concem for the
foreseeable future and at least until January 2026. The basis for forming this opinion is that despite
the changes and challenges we've faced in the months, sufficient cash balances are held to maintain
and meet day to day operating costs. Regular revenues are generated from the community levy, hire
and other income streams, including new grants secured, to replenish and maintain these cash
balances. Based on current plans and activities, costs are likely to remain stable for the foreseeable
future.
Preparatlon of consolldated financlal statements
The financial statements contain infomiation about Rowner Communty Trust as an individual company
and do not contain consolidated financial information as the parent of a group. The charity is exempt
under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated
financial statements.
Income
Voluntary income including donations, grfts and legacies and grants that provide core funding or are of
a general nature ar8 recognised where there is entitlement, receipt is probable and the amount can be
measured with sufficient reliability. Such income is only deferred when:
the donor specffies that the grant or donation must only be used in fijture accounting periods., or
the donor has imposed conditions which must be met before the charity has unconditional
entitlement.
Other trading activities income, such as room hire charges and phone mast income, is recognised on
receivable basis.
Investment income is recognised on a receivable basis.
Income from charitable activities includes income received under contract or where entitlement to grant
funding is subject to specific conditions is rwnised as earned (as the related goods and sep4ices are
provided). Grant income included in this category provides funding to support activities and is
recognised where there is entitlement, receipt is probable and the amount can be measured with
sufficient reliability. Such income is only deferred when..
the donor specifies that the grant or donation must only be used in future accounting periods., or
the donor has imF)osed condrtions which must be met before the charity has unconditional
entitlement.
Volunteers and donated servlces
The value of seplices prowded by volunteers is not incorporated into th&8e financial statements.
Vthere goods or seplices are provided to the charity as a donation that would nonnally be purchased
from suppliers, this contribution is included in the financial ststements at an estimate based on the
value of the contribution to the charity.
Page 10
continued...

ROWNER COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - contlnued
Expendlture
Expenditure Is recognised when a liability is incurred. Contractual arrangements are recognised as
goods or services are supplied.
Raising funds expenditure are those costs incurred in attracting voluntary income.
Charitable activities include expenditure associated with providing services to th8 charity's
benef￿larieS and indude both the direct costs and support costs relating to those activities.
Support costs, including govemance costs and central functions have been allocated to activities
on a basis consistent wrth the use of resources.
Grants offered sul'ect to conditions which have not been met at the year end date are noted as
commitment but not accrued as expenditure.
Irrecovernble VAT
All resources expended are classified under activty headings that aggregate all costs related to the
category. Irrecoverable VAT is charged against the category of reSoUr￿S expended for which it was
ineurred.
Tanglble fixed assets
Depreciation is provided at the follcwing annual rates in order to write off each asset over its estimated
useful life.
Freehold propety
Fixtures and fittings
20A on cost
25% on cost
Related party exemptlon
The charitable company has taken advantage of exemption, under the terms of Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland., not to
disctose related paty transactions with wholly owned subsidiaries wrthin the group.
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
Fund accountlng
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 rdised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Ponsion costs and other post-retirement beneflts
The charitable company operates a defined contribution pension scheme. Contributions payable to the
charitable company's pension scheme are charged to the Statement of Financial Activities in the
period to which they relate.
Page11
continued...

ROWNER COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
DONATIONS AND LEGACIES
31.3.24
31.3.23
Donations
Other Grant income
2.406
20,000
22,406
Grants received, included in the above, are as folloNs:
31.3.24
31.3.23
Gosport Borough Grant
20,000
OTHER TRADING ACTIVITIES
31.3.24
31.3.23
Fundraising events
Room hire charges receivable
Phone mast income
Café income
769
59,003
16,750
1,546
49,608
16,750
2,262
68,620
78,068
INVESTMENT INCOME
31.3.24
31.3.23
Deposit account interest
1,365
1,301
INCOME FROM CHARITABLE ACTIVITIES
31.3.24
31.3.23
Activity
Communty centre
Community ￿ntre
Community centre
Communty levy
Project service fees
Grants
117,395
109,873
2,840
38,040
133,485
250,880
150,753
Grants received, included in the above, are as follows:
31.3.24
31.3.23
Department of Work and Pensions
Gosport Borough Grant
Power for Change
Vivid Housing
HAF
Localty
Social Investment Business
23,790
28,500
8,000
6,250
9,900
10,000
85,085
133,485
38,040
Page 12
continued...

ROWNER COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 7>
Support
costs (see
note 8)
Totals
Communty ￿ntre
280,566
56,020
336,586
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.24
31.3.23
Stsff costs
Light, heat, water
Sundries
Cleaning
RCT FM Serrfices
Cafe spa￿ and project costs
Travel
Repairs
Training
Youth project expenses
Depreciation '. Buildings
Depreciation '. Fixtures
166,643
15,402
1,886
3,459
4,591
12,057
340
6,132
1,218
40,533
15,535
12,770
117,765
11,096
6.195
3.816
42,436
474
14,710
1,338
15,535
13,387
280,566
226,752
SUPPORT COSTS
Govemance
costs
Management
Totals
Communty centre
53,380
2,640
56,020
Support costs, included in the above, are as follows..
Management
31.3.24
Community
centre
31.3.23
Total
activities
Insurance
Postage and stationery
Advertising
Sundries
Accounting software
Bookkeeping and payroll costs
Telephone and internet
Computer costs
Office equipment expensed
Legal and professional fees
Bank charges
Consultancy fees
Bad debts
Settlement payment
4.507
307
5,598
1,499
3,717
7,280
5,686
78
2,069
1,603
1,213
19,590
233
2,761
1.293
860
2,426
3,625
7,673
824
1,231
8,079
2,381
19,605
30,000
53,380
80,758
Page 13
continued...

ROWNER COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
SUPPORT COSTS - contlnuad
Governance costs
31.3.24
Community
centre
31.3.23
Total
activities
Independent examiners fee- Gibson
Whitter
2,640
2,520
NEf INCOMEI{EXPENDITURE)
Net incomel(expenditure) is stated after chargingl{crediting>'.
31.3.24
31.3.23
Depreciation - owned assets
Independent examiners fees
28,305
2,640
28,922
2,520
10. TRUSTEES. REMUNERATION AND BENEFITS
There vrfere no trustees, remuneration or other benefrts for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trustaes. exp•ns88
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
11. STAFF COSTS
31.3.24
31.3.23
Wages and salaries
Social securrty costs
Other pension costs
Settlement payment
152,405
12,194
107.293
8,408
30,000
166,643
147,765
The average monthly number of employees during the year was as follows..
31.3.24
31.3.23
Charitable staff
No employees re￿iVed emoluments in eX￿sS of £60,000.
Page 14
continued...

ROWNERCOMMUNITYTRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
21,140
1,266
22,406
Charftable activltlas
Communty centre
100,713
50,040
150,753
Other trading activities
Investment income
78,068
1,301
78,068
1,301
Totsl
201,222
51,306
252,528
EXPENDITURE ON
Charltabla actlvltles
Community centre
241,878
68,152
310,030
NET INCOMEIIEXPENDITURE)
(40,656)
(16,846)
(57,502)
RECONCIUATION OF FUNDS
Total funds brought fopward
200,580
624,450
825,030
TOTAL FUNDS CARRIED FORWARD
159,924
607,604
767,528
13. TANGIBLE FIXED ASSETS
Fixlures
and
frttings
Freehold
propety
Totals
COST
At 1 April 2023
Additions
776,805
68,301
1,578
845,106
1,578
At 31 March 2024
776,805
69,879
846,684
DEPRECIATION
At 1 April 2023
Charge for year
186,792
15,535
50,631
12,770
237,423
28,305
At 31 March 2024
202,327
63,401
265,728
NET BOOK VALUE
At 31 March 2024
574,478
6,478
580,956
At 31 March 2023
590,013
17,670
607,683
Page 15
continued...

ROWNER COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
14. FIXED ASSET INVESTMENTS
Sha￿$ in
group
undertakings
MARKEf VALUE
At 1 April 2023 and 31 March 2024
100
NET BOOKVALUE
At 31 March 2024
100
At 31 March 2023
100
There were no investment assets outside the UK.
Investments represents the charity's wholly owned subsidiary RCT Enterprises CIC.
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments
129,442
13,064
49,672
7,467
73,913
13,400
4,062
199,645
91,375
16. CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade creditors
Social security and other taxes
Other creditors
Deferred income
Accrued expenses
28,065
4,301
831
38,553
4,670
7.693
207
4,188
42,725
76,420
54,813
17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restrided
fund
funds
Fixed assets
Investments
Current assets
Current liabilities
1,514
100
195,253
(76,420)
579,442
580,956
100
247,171
(76,420)
607,683
100
214,558
(54,813)
51,918
120,447
631,360
751,807
767,528
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continued...

ROWNER COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
18. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
159,924
(39,477)
120,447
Restricted funds
Freehold property
Covid Community Led Organisation
Recovery Scheme
Coronavirus Community Support Fund
Power to change C-19 Trading Income
Support Scheme
Communrty workshop
Locality - cost of living support
Youth Investment Fund
590,013
(15,535)
574,478
1,187
2,780
(791)
(1,854)
396
926
7,374
6,250
14,916)
16,250)
8,550
44,552
2,458
8,550
44,552
607,604
23,756
631,360
TOTAL FUNDS
767,528
{15,721)
751,807
Net movement in funds, included in the above are as follows:
Incoming
resources
Resource8
expended
Movement
in funds
Unrnstrlcted funds
General fund
215,880
(255,357)
{39,477)
Restrlctsd funds
Freehold property
Covid Communty Lad Organisation
Recovery Scheme
Coronavirus Community Support Fund
Power to change C-19 Trading Income
Support Scheme
Community workshop
Locality - cost of living support
Youth Investment Fund
Holidays, Activities and Food fund
(15,535)
(15,535)
(791)
{1,854)
(791)
(1,854)
{4,916)
(6,250)
(1,450)
{40,533)
(9,900)
(4,916)
(6,250)
8,550
44.552
10,000
85,085
9,900
104,985
(81,229)
23,756
TOTAL FUNDS
320,865
(336,586)
(15,721)
Page 17
continued...

ROWNER COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
18. MOVEMENT IN FUNDS- contlnued
Comparatives for movement in funds
Net
movement
in funds
At
31.3.23
At 1.4.22
Unrestrfcted funds
General fund
200,580
(40,656)
159,924
Restrlcted funds
Freehold property
Covid Community Led Organisation
Recovery Scheme
Coronavirus Community Support Fund
Power to change C-19 Trading Income
Support Scheme
Communty workshop
605,548
(15,535)
590,013
1,978
4,634
(791)
11,854)
1,187
2,780
12,290
(4,916)
6,250
7,374
6,250
624,450
(16,846)
607,604
TOTAL FUNDS
825,030
(57,502)
767,528
Comparative net m¢wement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted funds
General fund
201,222
(241,878)
(40,656)
Restrlctsd funds
Freehold propety
Covid Community Led Organisation
Recovery Scheme
Coronavirus Community Support Fund
Power to change C-19 Trading Income
Support Scheme
DWP- Youth Hub
Communty workshop
Resident training grants
(15,535)
{15,535)
(791)
(1,854)
(791)
(1,854)
(4,916)
{43,790)
(4,916)
43,790
6,250
1,266
6,250
(1,266)
51,306
(68,152)
(16,846)
TOTAL FUNDS
252,528
(310,030)
(57,502)
Page 18
continued...

ROWNER COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
19. RELATED PARTY DISCLOSURES
There were no ￿lated paty transactions for the year ended 31 March 2024.
20. ULTIMATE CONTROLLING PARTY
The charity is controlled by the trustees on behalf of the members
Page 19