**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:
- To promote the benefit of the inhabitants of Wickham and district, without discrimination, to advance education and to provide facilities in the interest of social welfare for recreation and leisure time occupation, for the betterment of the people concerned.
- To establish and maintain a Community Centre.
- To promote any other charitable scheme in furtherance of the above aims.
The objectives of the association are:
- To enhance the lives of those who live, work and learn in the local area
- To provide facilities that are affordable and accessible to the local community
- To be a centre of excellence and a role model for Hampshire Community Associations
- To make Wickham Community Centre a natural hub and meeting place for all Wickham organisations
- To make Wickham Community Centre appealing to businesses, local people and clubs as a venue for meetings, events and activities
- To achieve community cohesion by supporting activities that allow individuals of different backgrounds to share experiences
- To be financially sustainable through good business practice and by attracting funding through sponsorship, grants and business revenue, which subsidises community events and activities.
Wickham Community Association is committed to:
- Being non-discriminatory with regard to sexual orientation, race or political, religious or other opinions.
- Being sensitive to the needs of children, the elderly and vulnerable.
- Working with Local Authorities, voluntary organisations and inhabitants in advancement of the objectives of the Association.
- Providing a safe and good environment for the activities of the Association and any other users of Wickham Community Centre and grounds.
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:
- Withstand unforeseen financial setback.
- Cover staff redundancy and other closure costs should the Association have to close the centre.
- To provide working capital where funding is paid in arrears.
- To take advantage of opportunities which the trustees consider will benefit the charity and the community it serves.
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:
- Provision of facilities in the interest of social welfare for recreation and leisure time activities;
- Establishment, maintenance and management of a centre for community activities.
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
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.
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
- (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.
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