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2024-01-31-accounts

REGISTERED COMPANY NUMBER: 04329669 (England and Wales) REGISTERED CHARITY NUMBER: 1090544

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 January 2024

for

Wickham Community Association

Maximus Accountancy Services Limited 47 Kensington Road Chichester West Sussex PO19 7XS

Wickham Community Association

Contents of the Financial Statements for the Year Ended 31 January 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 19
Detailed Statement of Financial Activities 20 to 21

Wickham Community Association

Reference and Administrative Details for the Year Ended 31 January 2024

TRUSTEES Katherine Short Benjamin Warwick Katie Mattingly (resigned 11.4.2023) Virginia Smith (resigned 24.9.2023) Sally Elizabeth Humphries (resigned 21.3.2023) Alison Neasom (appointed 31.7.2023) Robert John Barnett (appointed 22.11.2023) Neale Turner (appointed 22.11.2023) Stephen Andrew Smith (appointed 31.7.2023) (resigned 6.11.2023) REGISTERED OFFICE Mill Lane Wickham Hampshire PO17 5AL REGISTERED COMPANY 04329669 (England and Wales) NUMBER

REGISTERED CHARITY NUMBER 1090544

INDEPENDENT EXAMINER Maximus Accountancy Services Limited 47 Kensington Road Chichester West Sussex PO19 7XS SOLICITORS Knight Polson 4 Leigh Road Eastleigh SO50 2NE BANKERS Lloyds Bank 43 West Street Fareham PO16 0BE

Page 1

Wickham Community Association

Report of the Trustees

for the Year Ended 31 January 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 January 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 ACTIVITIES Objectives and aims

Our aims are:

The objectives of the association are:

Wickham Community Association is committed to:

Wickham Community Centre is home to Wickham Community Association and aspires to be the hub of the community for everyone in the Parish of Wickham and surrounding areas.

Page 2

Wickham Community Association

Report of the Trustees

for the Year Ended 31 January 2024

ACHIEVEMENT AND PERFORMANCE Charitable activities

Challenges

This report reflects the operation of the Association in 2023/24 - a year of consolidation and conversely, a period of significant change. The cost of living crisis has continued unabated, the UK and World economies remain uncertain and millions of households continue to feel under immense pressure managing their household budgets.

2022/23 saw trustees and staff focusing on delivering an affordable and accessible set of services reviving and supporting hirers' use of the Centre post-Pandemic - alongside continuing to provide and grow community benefit initiatives. 2023/24 saw trustees and staff consolidate operational gains made in the previous year and deliver more and different Community Benefit initiatives - balancing the different and sometimes competing needs of these different stakeholder groups in a year of significant changes within both trustee and Staff groups.

The number and range of activities held at the Centre - private hire, groups and societies and for Community Benefit have grown and become increasingly diverse - supporting the Centre's aim to benefit individuals from Wickham and the wider area without distinction, and attracting new centre users.

Performance

Overall - Centre hire booking income was up over 20% on 22/23 and the type and number of private hire booking and community events both saw a significant increase. The administration team saw the appointment of a replacement Operations Manager and new Administration Assistant and feedback on customer service has been very positive.

Internal processes and systems have been overhauled to support the daily operation of the Centre and the newly implemented financial and booking systems have bedded in allowing staff and management to focus on managing the building, customer service and fund raising - consolidating and improving wherever possible.

Finance

The Centre cannot survive on bookings income alone despite the increase in turnover - costs have also continued to increase at an alarming rate. In 23/24 the Association was successful in acquiring a number of funding awards for specific Community Benefit initiatives but only one for a capital project -the funding from the Community Infrastructure Levy for the renovation of the Long Room. Restricted grants such as this one are essential if the Centre is to continue a programme of significant works within the ageing building.

Furthermore, Restricted Grants are essential for WCA to continue to provide Community Benefit projects which are otherwise unaffordable - the Pantry is a clear example of a successful Community Benefit project which has real and measurable benefits but must be funded from external donations and awards.

Without the awards received in 23/24 the Centre would be showing a significant loss with operating expenses exceeding income by some twenty four thousand pounds. Centre trustees and staff are very aware of this and will continue to apply for grants and maximise donations whenever possible.

Trustees and Management

The composition of the Board of Trustees has changed significantly in 23/24, and recent recruitment initiatives should mean numbers increase. The current Board of Trustees firmly believe that a higher number of diverse individuals, each bringing their own particular skills and life experiences, will benefit the Association best. Social and economic pressures remain very high in the UK and the demand for volunteers is high throughout the voluntary sector at a time when - it is widely agreed - volunteer numbers have still not recovered from the sharp post-Pandemic decrease. The trustees will continue to actively attract and appoint both trustees and volunteers.

Page 3

Wickham Community Association

Report of the Trustees

for the Year Ended 31 January 2024

Kat Short continued as Chair for the duration of 23/24, Ginny Smith was replaced as Treasurer by Neale Turner in November 23. Resignations in the year included Steve Smith, Katie Mattingly and Sally Humphries. Alison Neasom and Robert Barnett joined as trustees in August and November 23 respectively. Ben Warwick continued as a trustee throughout 23/24.

At the end of the financial year there were five trustees. Monthly meetings were held during the year, alternately hosted on Zoom and in person.

The management of the Centre has continued under Kate English and staff changes mean her team now comprises the Operations Manager, an Administration Assistant and the Pantry Co-ordinator, supported by three caretakers. This employee cohort was fully staffed at 31 January 24.

Building Improvements

Building maintenance remains a high priority - the roof continues to leak and running repairs are not an effective long -term strategy. After quotes were sought for its replacement, a formal bid was submitted to the National Lottery for grant aid to replace the roof at a cost of more than £250,000. Unfortunately, the Association's bid was rejected because of a legal technicality - but with advice to re-submit once this issue has been resolved. The resolution of this matter is underway and trustee's were encouraged by the reception the bid received and will definitely reapply.

In other works, the renovation of the Long Room has been completed - with the installation of a new suspended ceiling, new flooring and electrical improvements. Approximately 80% of this work was funded by Winchester City Council through the Community Infrastructure Levy. The remainder was funded from WCA's own funds

.

Community Benefit

The Wickham Panty and Community Fridge have continued to provide support to local people - in 23/24 the Pantry supported an average of 65 families per week. It continued to be funded from a variety of sources including Government initiatives, food waste reduction organisations, local donors, and individuals. The Warm Room also continued. Social Suppers has been a new and well-received initiative - providing free hot meals - with pudding! - to anyone - adults and/or children - who wish to attend - 910 meals have been provided in 23/24.

The monthly Lunch Club for the over 55's has continued throughout the year and Wickham Flicks continued to screen a film each month.

The Community Garden has continued to develop and has incorporated the Social Prescribing initiative in 23/24 - providing a community activity that benefits individuals in a non-clinical setting. This has been very well received by participants and also by the Community Garden team of volunteers. The garden has been supported in completing various hard landscaping initiatives by the newly formed Wickham Men's Shed.

Thanks to awards from Winchester City Council and Hampshire County Council, amongst others, a number of new projects and events took place in 23/24 including the Creative Feast, Pumpkin and Easter parties and various other community events. The Meon Valley Food Bank continues to have its permanent base in the Centre as does Homestart Hampshire and from 1 December 2023 the Winchester Citizen's Advice Bureau has a permanent Wickham Hub located at the Centre.

Many Community Benefit projects depend on the help and support of volunteers, so recruiting and retaining volunteers will continue to be strategically important in the coming year if current and future Community Benefit projects are to be delivered.

The trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit.

Conclusion

Page 4

Wickham Community Association

Report of the Trustees

for the Year Ended 31 January 2024

The Association continues to deliver an ambitious programme in complex economic times and must focus on its priorities to succeed. Building maintenance is a significant priority, especially but not exclusively, the roof replacement project. Funding is also a significant priority - whilst the Association aims to be self-reliant operationally, it must continue to source and receive funding for Community Benefit and capital expenditure projects. The Association values and appreciates everyone that uses and contributes to the Centre - and people must be the Association's other main priority in 23/24 - attracting, recruiting and retaining volunteers, trustees and Centre users.

FINANCIAL REVIEW

Financial position

In the year under review the charity made a surplus of £8,244 (2023 £55,782) which increased reserves. The charity now holds reserves of £684,966 (2023 £676,722) which include free reserves (excluding fixed assets used for charitable purposes and restricted funds) of £114,177 (2023 £125,033).

Reserves policy

The Association's reserve policy is to hold sufficient liquid unrestricted reserves to enable it to:

The reserves policy is reviewed annually. For the year 2023-24 it was £70,000 (2023 £70,000).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Wickham Community Association is a charitable company limited by guarantee. Its objects, powers and other constitutional matters are set out in its most recent Memorandum and Articles of Association, approved by the members on 17 July 2016,

Its objects are to promote the benefits and improve the conditions of life for the inhabitants of Wickham and district by:

In the attainment of the above objects the charity shall be non-party in politics and non-sectarian in religion.

Recruitment and appointment of new trustees

Governance and management are enhanced when there is a multi-faceted Board of Trustees. There is no declared Board size but the preferred balance is 12 to 15 members. At the end of the financial year there were five members. Increasing trustee numbers remains an absolute priority and will be achieved through a variety of means including reaching out through social media channels. Elections are held annually having regard to the Charity Commission's guidance CC30 "Finding New Trustees". Provision is made for co-option during the year.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... Katherine Short - Trustee

Page 5

Independent Examiner's Report to the Trustees of Wickham Community Association

Independent examiner's report to the trustees of Wickham Community Association ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2024.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  2. 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

  3. 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.

Hilary Julian BA FCA DChA

Maximus Accountancy Services Limited 47 Kensington Road Chichester West Sussex PO19 7XS

Date: .............................................

Page 6

Wickham Community Association

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) for the Year Ended 31 January 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
4,309
Charitable activities
Room hire, clubs and related income
159,358
Other income from charitable activities
4,225
Community pantry
20,894
Other trading activities
3
15,782
Investment income
4
1,122
Total
205,690
EXPENDITURE ON
Raising funds
8,560
Charitable activities
Room hire, clubs and related income
5,043
Administration costs
122,693
Establishment costs
66,829
Support costs
5,201
Community garden
-
Community pantry
20,894
Community fridge
-
Cookery classes
-
Community support
171
Total
229,391
NET INCOME/(EXPENDITURE)
(23,701)
Transfers between funds
14
26,523
Net movement in funds
2,822
RECONCILIATION OF FUNDS
Total funds brought forward
652,066
TOTAL FUNDS CARRIED FORWARD
654,888		 Restricted
funds
£
100,492
-
-
-
-
-
100,492
-
-
643
-
-
6,974
42,028
1,698
1,980
15,224
68,547
31,945
(26,523)
5,422
24,656
30,078		 2024
Total
funds
£
104,801
159,358
4,225
20,894
15,782
1,122
306,182
8,560
5,043
123,336
66,829
5,201
6,974
62,922
1,698
1,980
15,395
297,938
8,244
-
8,244
676,722
684,966		 2023
Total
funds
£
129,610
134,132
4,664
21,784
14,854
157
305,201
9,717
4,628
104,415
67,730
6,789
1,489
51,367
11
2,100
1,173
249,419
55,782
-
55,782
620,940
676,722

The notes form part of these financial statements

Page 7

Wickham Community Association (Registered number: 04329669)

Balance Sheet

31 January 2024

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Stocks
10
Debtors
11
Cash at bank
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
540,711
953
51,988
95,461
148,402
(34,225)
114,177
654,888
654,888		 Restricted
funds
£
-
-
-
30,078
30,078
-
30,078
30,078
30,078		 2024
Total
funds
£
540,711
953
51,988
125,539
178,480
(34,225)
144,255
684,966
684,966
654,888
30,078
684,966		 2023
Total
funds
£
527,032
2,887
30,596
133,115
166,598
(16,908)
149,690
676,722
676,722
652,066
24,656
676,722

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 8

Wickham Community Association (Registered number: 04329669)

Balance Sheet - continued

31 January 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 by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Neale Turner - Trustee

The notes form part of these financial statements

Page 9

Wickham Community Association

Notes to the Financial Statements for the Year Ended 31 January 2024

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.

Income from room hire, events and activities is recognised in the accounting period in which the relevant activity occurs and is deferred to the extent to which it relates to activities which will take place in future accounting periods.

Income from grants is recognised when the charity has received written confirmation of the offer of funding or when any conditions relating to the grant have been met.

Income from donations is recognised when it is received.

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.

Freehold property - 2% on cost Plant and machinery - 20% on reducing balance Fixtures and fittings - 33% on cost

Tangible fixed assets other than freehold land are stated at cost less depreciation and provisions for permanent diminution in value. Items costing over £1,000 (previously £250) are capitalised when they have an estimated useful life of more than one year.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

continued...

Page 10

Wickham Community Association

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

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.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Grants		 2024
£
6,971
97,830
104,801		 2023
£
5,120
124,490
129,610

Donations include a donation in kind valued at £1,500 in the form of an Energy Efficiency Audit under the EMphasis3 CO2 Reductions programme, carried out by the University of Portsmouth. The equivalent expenditure is included in establishment costs.

Grants received, included in the above, are as follows:

Winchester City Council
Wickham Parish Council
Hampshire County Council
Neighbourly Community fund (Community Pantry)
Other grants
Winchester City Council Community Infrastructure Levy (Kitchen
Refurbishment)
Hubbub Foundation
DWP - Kickstart Grant
Omicron Hospitality and Leisure Grant
The Arnold Clark Community Fund (Community Garden)
Power To Change (National Lottery)
St James Place (Community Pantry)
Newbury Building Society (Community Pantry)
Southwick Revival (Community Pantry)
Wickham Beer Festival (Community Pantry)
Onestop (Community Pantry)
Groundworks (Community Pantry)
Meon Valley Lions (Community Pantry)
Taste of Wickham (Community Pantry)
Winchester City Council Community Infrastructure Levy (Long Room
Renovation)
One Stop (Community Support - Events)
Wickham Beer Festival (Community Support - Events)
Wickham Beer Festival (Energy Efficiency)
Digital Lift Fund		 2024
£
8,155
-
50,259
750
-
-
1,800
-
-
-
-
-
-
4,000
1,800
-
-
1,000
500
26,523
500
400
1,500
643
97,830		 2023
£
967
5,000
28,931
-
1,627
52,500
5,000
4,865
4,000
1,000
9,350
1,000
3,000
5,000
500
500
1,250
-
-
-
-
-
-
-
124,490

continued...

Page 11

Wickham Community Association

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

2. DONATIONS AND LEGACIES - continued

Hampshire County Council provided grants totalling £34,000 for the Community Pantry, £5,800 for the Community Garden and £10,459 for Warm Hub Social Suppers. Winchester City Council provided grants totalling £4,913 for the Community Pantry and £3,242 for the Community Garden.

3. OTHER TRADING ACTIVITIES

4.

Function services
Solar panels
INVESTMENT INCOME
Deposit account interest		 2024
£
9,872
5,910
15,782
2024
£
1,122		 2023
£
8,919
5,935
14,854
2023
£
157

5. NET INCOME/(EXPENDITURE)

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

2024 2023
£ £
Depreciation - owned assets 18,844 19,879
Deficit on disposal of fixed assets - 200

Net expenditure for the year includes £1,350 payable to the independent examiner (2023 £1,350).

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.

Trustees' expenses

Trustees' expenses
2024 2023
£ £
Trustees' expenses 404 264

During the year one trustee was reimbursed £16 (2023 £51) for printing and stationery costs incurred in their role as trustee.

There were no other trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.

continued...

Page 12

Wickham Community Association

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

7. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Community Centre staff
No employees received emoluments in excess of £60,000.
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
9,332
Charitable activities
Room hire, clubs and related income
134,132
Other income from charitable activities
4,664
Community pantry
21,784
Other trading activities
14,854
Investment income
157
Total
184,923
EXPENDITURE ON
Raising funds
9,717
Charitable activities
Room hire, clubs and related income
4,628
Administration costs
96,700
Establishment costs
67,554
Support costs
6,789
Community garden
-
Community pantry
18,883
Community fridge
-
Cookery classes
-
Community support
-
Total
204,271
NET INCOME/(EXPENDITURE)
(19,348)		 2024
£
105,248
2,552
1,707
109,507
2024
6
Restricted
funds
£
120,278
-
-
-
-
-
120,278
-
-
7,715
176
-
1,489
32,484
11
2,100
1,173
45,148
75,130		 2023
£
93,385
2,136
1,588
97,109
2023
6
Total
funds
£
129,610
134,132
4,664
21,784
14,854
157
305,201
9,717
4,628
104,415
67,730
6,789
1,489
51,367
11
2,100
1,173
249,419
55,782

continued...

Page 13

Wickham Community Association

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
funds
£
£
Transfers between funds
59,397
(59,397)
Net movement in funds
40,049
15,733
RECONCILIATION OF FUNDS
Total funds brought forward
612,017
8,923
TOTAL FUNDS CARRIED FORWARD
652,066
24,656
9.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
Plant and
and
property
machinery
fittings
£
£
£
COST
At 1 February 2023
698,069
60,825
23,455
Additions
32,523
-
-
At 31 January 2024
730,592
60,825
23,455
DEPRECIATION
At 1 February 2023
199,190
35,508
20,619
Charge for year
13,027
4,190
1,627
At 31 January 2024
212,217
39,698
22,246
NET BOOK VALUE
At 31 January 2024
518,375
21,127
1,209
At 31 January 2023
498,879
25,317
2,836		 Total
funds
£
-
55,782
620,940
676,722
Totals
£
782,349
32,523
814,872
255,317
18,844
274,161
540,711
527,032		 Total
funds
£
-
55,782
620,940
676,722

Freehold property includes £50,000 in respect of the land, which is not depreciated.

continued...

Page 14

Wickham Community Association

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

10.
STOCKS
Stocks
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
13.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years		 2024
£
953
2024
£
45,583
6,405
51,988
2024
£
20,230
1,359
4,709
7,927
34,225
2024
£
1,168
-
1,168		 2023
£
2,887
2023
£
18,385
12,211		 2023
£
2,887
30,596
2023
£
2,229
2,025
2,108
10,546
16,908
2023
£
1,838
1,168
3,006

Lease payments amounting to £2,119 have been recognised as an expense during the year.

Page 15

continued...

Wickham Community Association

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

14. MOVEMENT IN FUNDS

At 1.2.23
£
Unrestricted funds
General fund
652,066
Restricted funds
Community Garden
1,850
Community Pantry
3,971
Community Fridge
3,575
Cookery Classes
1,980
Community Hub
4,822
Ukraine Support & Stay and Play
2,348
Power To Change
6,110
Community Pantry Dire Need
-
Social Suppers
-
Creative Feast and Other Events
-
Long Room Renovations
-
Energy Efficiency
-
24,656
TOTAL FUNDS
676,722
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Community Garden
Community Pantry
Community Fridge
Cookery Classes
Community Hub
Ukraine Support & Stay and Play
Power To Change
Community Pantry Dire Need
Digital Lift
Social Suppers
Creative Feast and Other Events
Long Room Renovations
Energy Efficiency
TOTAL FUNDS		 Net
movement
in funds
£
(23,701)
2,139
9,832
(1,698)
(1,980)
(4,822)
22
(6,110)
3,804
2,542
193
26,523
1,500
31,945
8,244
Incoming
resources
£
205,690
9,113
45,554
-
-
1,000
-
-
4,000
643
10,459
1,700
26,523
1,500
100,492
306,182		 Transfers
between
At
funds
31.1.24
£
£
26,523
654,888
-
3,989
-
13,803
-
1,877
-
-
-
-
-
2,370
-
-
-
3,804
-
2,542
-
193
(26,523)
-
-
1,500
(26,523)
30,078
-
684,966
Resources
Movement
expended
in funds
£
£
(229,391)
(23,701)
(6,974)
2,139
(35,722)
9,832
(1,698)
(1,698)
(1,980)
(1,980)
(5,822)
(4,822)
22
22
(6,110)
(6,110)
(196)
3,804
(643)
-
(7,917)
2,542
(1,507)
193
-
26,523
-
1,500
(68,547)
31,945
(297,938)
8,244

Page 16

continued...

Wickham Community Association

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.2.22
in funds
£
£
Unrestricted funds
General fund
612,017
(19,348)
Restricted funds
Community Garden
1,257
593
Community Pantry
-
5,077
Community Fridge
3,586
(11)
Cookery Classes
4,080
(2,100)
Community Hub
-
4,822
Ukraine Support & Stay and Play
-
2,348
CCTV Upgrade
-
5,000
Kitchen Refurbishment
-
52,500
Power To Change
-
6,110
Transformation, Adaptation & Development
-
791
8,923
75,130
TOTAL FUNDS
620,940
55,782
Comparative net movement in funds, included in the above are as follows:		 Transfers
between
funds
£
59,397
-
(1,106)
-
-
-
-
(5,000)
(52,500)
-
(791)
(59,397)
-		 At
31.1.23
£
652,066
1,850
3,971
3,575
1,980
4,822
2,348
-
-
6,110
-
24,656
676,722
Unrestricted funds
General fund
Restricted funds
Community Garden
Community Pantry
Community Fridge
Cookery Classes
Community Hub
Ukraine Support & Stay and Play
CCTV Upgrade
Kitchen Refurbishment
Kickstart
Power To Change
Transformation, Adaptation & Development
TOTAL FUNDS		 Incoming
resources
£
184,923
1,692
37,561
-
-
5,000
3,343
5,000
52,500
4,865
9,350
967
120,278
305,201		 Resources
Movement
expended
in funds
£
£
(204,271)
(19,348)
(1,099)
593
(32,484)
5,077
(11)
(11)
(2,100)
(2,100)
(178)
4,822
(995)
2,348
-
5,000
-
52,500
(4,865)
-
(3,240)
6,110
(176)
791
(45,148)
75,130
(249,419)
55,782		 Resources
Movement
expended
in funds
£
£
(204,271)
(19,348)
(1,099)
593
(32,484)
5,077
(11)
(11)
(2,100)
(2,100)
(178)
4,822
(995)
2,348
-
5,000
-
52,500
(4,865)
-
(3,240)
6,110
(176)
791
(45,148)
75,130
(249,419)
55,782
75,130
55,782

continued...

Page 17

Wickham Community Association

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

14. MOVEMENT IN FUNDS - continued

The Community Garden fund consists of grants and donations received towards the cost of establishing and maintaining a community garden at the Centre.

The Community Pantry fund consists of grants and donations towards the cost of a scheme to provide support to people who are struggling to afford food and other essentials.

The Community Fridge fund consists of grants to support the cost of a scheme where surplus food is made available to people who can make use of it.

The Cookery Classes fund is a grant from Hampshire & Isle of Wight Community Fund towards the cost of running cookery classes for local people. The balance of the fund was spent during the year.

The Community Hub fund consists of grants from the Hubbub Foundation towards running green prescribing sessions.

The Ukrainian Support & Stay and Play fund consists of a split grant to the two projects intended to support the community.

The CCTV Upgrade fund was a grant from Wickham Parish Council and was spent during the prior year.

The Kitchen Refurbishment fund consists of a grant from Winchester City Council Community Infrastructure Levy towards refurbishing the Centre kitchen and was spent during the prior year.

The Power to Change fund consists of a grant to help the Centre and its users cope with the increased cost of living. The balance of the fund was spent during the year.

The Transformation, Adaptation and Development fund was a match funding grant for equipment to enhance the Centre facilities and was spent during the prior year.

The Dire Need fund consists of additional funds from Hampshire County Council to support users of the community pantry who are in particular difficulty.

The Digital Lift fund was a grant towards software costs and was spent during the year.

The Social Suppers fund consists of grants to support the provision of meals as part of the Warm Hub initiative.

The Creative Feast and Other Events fund consists of grants towards the cost of hosting special events at the Centre.

The Long Room Renovations fund was a grant from Winchester City Council Community Infrastructure Levy towards the cost of refurbishing the Long Room and was spent during the year.

The Energy Efficiency fund consists of a grant towards further work to improve the energy efficiency of the Centre.

Transfers between funds

Transfers between funds are restricted funds which have been spent, in accordance with the relevant restriction, on fixed assets that are for general use in accordance with the charity's objects. Such funds are treated as unrestricted, once expended, in accordance with the requirements of the Charities SORP.

continued...

Page 18

Wickham Community Association

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

15. RELATED PARTY DISCLOSURES

There were no related party transactions during the year.

Page 19

Wickham Community Association

Detailed Statement of Financial Activities for the Year Ended 31 January 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Function services
Solar panels
Investment income
Deposit account interest
Charitable activities
Room hire
Monday lunch club
Other income
Rental
Wickham Flicks
Pantry contributions
Total incoming resources
EXPENDITURE
Other trading activities
Opening stock
Function costs
Advertising
Fundraising consultancy
Charitable activities
Monday lunch club
Wickham Flicks
Community garden
Community pantry
Carried forward		 2024
£
6,971
97,830
104,801
9,872
5,910
15,782
1,122
143,500
1,568
4,225
12,316
1,974
20,894
184,477
306,182
-
5,987
1,193
1,380
8,560
2,503
2,540
6,974
62,922
74,939		 2023
£
5,120
124,490
129,610
8,919
5,935
14,854
157
115,741
3,491
4,664
13,326
1,574
21,784
160,580
305,201
1,264
6,393
2,060
-
9,717
2,831
1,797
1,489
51,367
57,484

This page does not form part of the statutory financial statements

Page 20

Wickham Community Association

Detailed Statement of Financial Activities for the Year Ended 31 January 2024

Charitable activities
Brought forward
Community fridge
Cookery classes
Community support
Support costs
Management
Trustees' expenses
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Staff training
Sundries
Computer costs
Repairs and renewals
Security
Cleaning and waste disposal
Licences etc
HR support fees
Depreciation of tangible and heritage assets
Loss on sale of tangible fixed assets
Governance costs
Accountancy and legal fees
Bank charges
Total resources expended
Net income		 2024
£
74,939
1,698
1,980
15,395
94,012
404
105,248
2,552
1,707
2,527
3,893
19,529
3,795
2,055
3,981
1,072
2,522
10,620
1,048
9,203
1,165
3,053
18,844
-
193,218
1,451
697
2,148
297,938
8,244		 2023
£
57,484
11
2,100
1,173
60,768
264
93,385
2,136
1,588
1,940
4,169
20,860
2,080
1,907
1,233
662
1,160
11,578
1,156
6,736
1,212
2,188
19,879
200
174,333
3,000
1,601
4,601
249,419
55,782

This page does not form part of the statutory financial statements

Page 21