2025-03-31-accounts - Gosport Community Association

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COMPANY REGISTRATION NUMBER 04335420

GOSPORT COMMUNITY ASSOCIATION

COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2025

Charity Number 1091119

Company Number 04335420

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or) BUSINESSADVISORS
& ACCOUNTANTS
3 Acorn Business Centre
Northarbour Road
Cosham
Portsmouth
PO6 3TH
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GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

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|||||||| |---|---|---|---|---|---|---| |CONTENTS|PAGE| |Trustees annual|report|1to4| |Independent examination|report to the members|5| |Consolidated|statement|of financial|activities| |(incorporating|the|income|and|expenditure|account)|6| |Consolidated|balance sheet|7to8| |Charity balance sheet|9| |Notes to the financial|statements|10 to19| |The following|pages do not form|part of the financial|statements| |Detailed|non-consolidated|statement of financial|activities|of the|charity|21 to 22|

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The trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

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||||| |---|---|---|---| |Registered|charity name|Gosport Community|Association| |Charity|registration number|1091119| |Company registration|number|04335420| |Registered|office|Bury House| |Bury|Road| |Gosport| |Hampshire| |PO12|3PX|

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THE TRUSTEES

The trustees who served the charity during the period were as follows:

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||||| |---|---|---|---| |Chairperson|Mr|R Young| |Treasurer|Mr|P|Croucher| |Mr T|Poore| |Mrs|S|Goodman| |Mrs|D|Lennon| |Mr M|Goodman| |Mr|R|Toseland| |Mr|D|Beard| |Mr D|Sharpe|

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|||||| |---|---|---|---|---| |Managerial|staff| |Centre|Administrator|Mrs|S|Bennett| |Accountants|TC|Group| |3|Acorn|Business|Centre| |Northarbour|Road| |Cosham| |Portsmouth| |PO6|3TH| |Bankers|Barclays| |43/44|High|Street| |Gosport| |Hampshire| |PO121DN|

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STRUCTURE, GOVERNANCE AND MANAGEMENT

The Gosport Community Association is a company incorporated in England, limited by guarantee and is registered under the Charities Act.

The Charity is governed by the memorandum and articles of the Association, which require that the Gosport Community Association be managed by a board oftrustees (the Committee), the members of which are directors and managing trustees.

Committee members are appointed or reappointed each year at the annual general meeting by ballot of the Gosport Community Association patrons. Patrons are individuals over 18 years of age who have paid the appropriate subscription fee. Trustees are appointed based on their knowledge of the educational and socioeconomic needs of the inhabitants of the area of benefit and receive appropriate initial induction and training. All members give their time voluntarily and receive no benefits from the Charity.

The board meets no less than eight times a year and regularly reviews the major strategic, business and operational risks that the Charity faces. The trustees have identified that the main risk facing the Charity is the condition of the building. Systems and procedures are in place to manage these risks and appropriate actions are taken to reduce these to an appropriate level. Major operating decisions are made by a simple majority of the quorum board. Fundamental operating and constitutional matters are decided by a simple majority ofa quorum general meeting.

Gosport Community Association has wholly owned trading subsidiary “GCA Social Club”, which operates the Patrons and functions bars on the Company premises. The operation of the bars is key for members of the Gosport Community Association and meets the policy of providing inexpensive social and leisure facilities for the inhabitants of Gosport.

OBJECTIVES AND ACTIVITIES

To promote the benefit of the inhabitants of Gosport and district with the distinction of sex, sexual orientation, age, disability, nationality, race or of political, religious or other opinions by associating with the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time activities with the object of improving the conditions of the said inhabitants.

The aim of our Charity is to establish or secure the establishment of a Community Centre to maintain and manage, or to cooperate with any statutory authority in the maintenance and management of such a Centre for the furtherance of the above objectives. To promote such other charitable purposes as may from time to time be determined.

ACHIEVEMENTS AND PERFORMANCE

The Centre has continued to be the hub of local group gatherings. We continue to host the National Blood Transfusion Service, Partially Sighted Club, Alcoholic Anonymous, Level Up — a Charity that focuses on the mental health issues of young people, Smoking Cessation — supported by the NHS, along with Young at Heart Unity Club for the over 50's. We have welcomed Dentaid, who are a mobile unit who visit the Centre twice monthly to offer those in the community who have trouble accessing dental treatment. As well as these we have clubs and groups that bring people together and offer a range of interests for all ages.

We have introduced a Community Cinema in our Theatre, once a month, with the help of local volunteers and Level Up, which has proved successful and regular monthly music events, which are also becoming very popular. The Gosport Community Gallery had its inaugural exhibition showcasing local artists’ work and we look forward to continuing to promote and encourage Art for the residents of Gosport and surrounding area. Ee

Fundraising has continued throughout the year to further the building fund, many events have been successful and there have been donations from events arranged by Trustees and community members. It should be noted that we have a small contingency of helpers who offer their regular support and give freely of their time and energy, from helping to run events and booking entertainment. The board of Trustees are extremely grateful for all they do and know that maintaining the Centre would be made more difficult without such help.

Income from the GCA Social Club has continued to increase and we continue to control overspending and payroll costs accompanied with close liaison with the Bar Manager and Stock taker. Entertainment has been expanded to include a variety of different acts and activities to try and attract new members with different tastes, this has so far proved to be successful and hopefully will continue to grow.

The income from leasing car park spaces to the NHS continues to help with the financing of long overdue and essential maintenance repairs amongst other costs. The Trustees also plan to reintroduce User meetings for club/groups and regular users to assess current needs and standards within the Centre.

ENSURING OUR WORK DELIVERS OUR OBJECTIVES

We review our aims, objectives and activities each year, we look at what we have achieved and the outcomes of our work in the previous twelve months. The review looks at the success of each activity and the benefits they have brought to those groups of people we have set out to help. This helps us ensure our objectives remain focused on our stated purposes.

FINANCIAL REVIEW AND PLANS FOR THE FUTURE

We are confident that we are regaining our place in the area as a popular and affordable venue for local and family events. The trustees are mindful of the changing financial climate with uncertainty over utility prices, inflation and interest rates and are addressing these elements on an ongoing basis.

Although we have hada return of regular clubs and groups and function hire has increased, we are actively pursuing new revenue streams and looking at events that will enhance the Centre becoming the local resident's first choice when deciding to hire a venue.

The Community Cinema will be expanding to attract a wider audience and age groups, and we continue to promote our Centre as a live music venue for entertainment and Arts. The Dentaid mobile unit has extended into 2025 to continue helping the residents of Gosport. The Trustees continue to work towards establishing the way forward for the Gosport Community Association, continued monitoring of staffing/buildings and the trading subsidiary is ongoing to ensure that services and facilities meet the changing needs of the community.

RISK MANAGEMENT

The Guidelines for Health and Safety and for Risk Assessment are at the forefront of every event and function that is undertaken in the Centre. Whether it is an in-house event, or one being organized by another body, plans, layout and attendance capacities are scrutinized by our Management Team.

GOING CONCERN

The Trustees have prepared cash flow forecasts which indicate that the charity is expected to have sufficient resources to meet its obligations as they fall due. The Trustees therefore consider it appropriate to continue to adopt the going concern basis in preparing the financial statements. The Trustees are actively developing new revenue streams and value-added events to strengthen the centre’s position as a preferred local venue. They have also been working with professional advisers to raise finance and review existing banking facilities, supporting ongoing activities and helping to release capital for future plans.

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RESPONSIBILITIES OF THE TRUSTEES

The trustees (who are also the directors of Gosport Community Association for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

— select suitable accounting policies and then apply them consistently;
¢ observe the methods and principles in the Charities SORP;
¢ make judgements and estimates that are reasonable and prudent;
¢ state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose, with reasonable accuracy at any time, the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INDEPENDENT EXAMINATION

The Trustees have resolved to have an independent examination of the accounts for the year ended 31 March 2025 as opposed to an audit as they consider the financial savings in the best interest of the charity.

SMALL COMPANY EXEMPTION

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

This report was approved by the Board of Trustees on WRIEIKA

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to the Board of [Trustees]
Signed osc ees SS a Pa Robin Young, Chair
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF GOSPORT COMMUNITY ASSOCIATION LIMITED

| report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31st March 2025 which are set out on pages 6 to 19.

Responsibilities and basis of report

As the charity trustees of the charitable 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 charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charitable company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

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

accounting records were not kept in respect of the company as required by section 386 ofthe 2006[ Act;] or
e the accounts do not accord with those records; or
¢ the accounts do not comply with the accounting requirements of section 386 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).

| 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.

Signed:

Josh Whittington ACA

Dated: 2 F/3/te

for and on behalf of TC Group

3 Acorn Business Centre, Northarbour Road, Cosham, Portsmouth PO6 3TH

GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MARCH 2025

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|||||||| |---|---|---|---|---|---|---| |Restricted| |Funds|Unrestricted|TotalFunds|Total|Funds| |2025|Funds 2025|2025|2024| |Note|£|£|£|£| |INCOME AND ENDOWMENTS|FROM:| |Donations and legacies|2|-|1,126|1,126|10,287| |Trading and fundraising|activities|3|:|349,163|349,163|289,639| |Investment|income|4|-|232|232|224| |Charitable|activities|i|-|114,091|114,091|120,627| |TOTAL| |-|464,612|464,612|411,777| |EXPENDITURE|ON:| |Trading and fundraising activities|6|-|184,306|184,306|164,884| |Charitable|activities|7|-|269,894|269,894|263,614| |TOTAL| |-|454,200|454,200|428,498| |NET INCOME / (EXPENDITURE)|-|10,412|10,412|(16,721)| |OTHER RECOGNISED GAINS|/ (LOSSES)| |Unrealised gains/(losses) on revaluation|of investment assets|-|(799)|(799)|1,442| |NET MOVEMENT IN FUNDS|9,613|9,613|(15,279)| |TRANSFERS| |-|-|°|-| |RECONCILIATION|OF FUNDS| |Total funds brought forward|-|474,491|474,491|489,770| |TOTAL FUNDS CARRIED FORWARD|“|484,104|484,104|474,491|

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The Statement of Financial Activities includes all gains and losses recognised during the year. All of the above amounts relate to continuing activities.

The notes on pages 10 to 19 form part of these financial statements.

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GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

CONSOLIDATED BALANCE SHEET

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|||||| |---|---|---|---|---| |31 MARCH|2025| |2025|2024| |Note|£|£|£| |FIXED ASSETS| |Tangible|assets|10|626,898|614,169| |626,898|614,169| |CURRENT ASSETS| |Stocks|14,381|9,786| |Debtors|13|10,594|7,617| |Investments|14|16,351|17,150| |Cash|at bank|19,136|54,994| |60,462|89,547| |CREDITORS: Amounts falling due within one year|15|(60,461)|(61,143)| |NET CURRENT ASSETS|1|28,404| |TOTAL ASSETS LESS CURRENT LIABILITIES|626,899|642,573| |CREDITORS: Amounts falling due|after more than| |one year|16|(142,795)|(168,082)| |PROVISIONS|FOR|LIABILITIES| |.|-| |NET ASSETS|484,104|474,491| |FUNDS| |Restricted|income|funds|-|-| |Unrestricted|income funds|484,104|474,491| |TOTAL FUNDS|484,104|474,491|

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The notes on pages 10 to 19 form part of these financial statements.

GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

CONSOLIDATED BALANCE SHEET 31 MARCH 2025

For the year ending 31st March 2025 the charitable company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Trustees’ responsibilities:

¢ The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
— The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The trustees have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

These — Z7/3/26 their behalf financial by: statements were approved by the trustees on the..........6.2/.2/£5........, and are signed on

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QO &
;
Mr R Young a a
Trustee
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Company Registration Number 04335420

The notes on pages 10 to 19 form part of these financial statements.

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GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

CHARITY BALANCE SHEET

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|||||| |---|---|---|---|---| |31 MARCH|2025| |2025|2024| |Note|£|£|£| |FIXED ASSETS| |Tangible|assets|10|625,424|612,431| |Investments|id|1|1| |625,425|612,432| |CURRENT ASSETS| |Debtors|13|8,891|10,138| |Investments|14|16,351|17,150| |Cash|at bank|11,383|34,655| |36,625|61,943| |CREDITORS:|Amounts falling due within one year|15|(40,328)|(47,436)| |NET CURRENT LIABILITIES|(3,703)|14,507| |TOTAL ASSETS|LESS CURRENT LIABILITIES|621,722|626,939| |CREDITORS:|Amounts falling due|after more than one| |year|16|(136,129)|(151,415)| |PROVISIONS|FOR|LIABILITIES| |.|:| |NET ASSETS|485,593|475,524| |FUNDS| |Restricted|income|funds|-|-| |Unrestricted|income funds|485,593|475,524| |TOTAL FUNDS|485,593|4751524|

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These financial statements were approved by the trustees on the aps[ee , and are signed on their behalf by:

{ ye x Mr R Young Trustee

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)
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Company Registration Number 04335420

The notes on pages 10 to 19 form part of these financial statements.

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GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

is ACCOUNTING POLICIES

General information and basis of preparation

Gosport Community Association is a company limited by guarantee registered in England and Wales, the amount guaranteed is £11. The address ofthe registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are set out in the Trustees report on pages 1 to 4.

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of[the][charity][ and][rounded][to][ the][nearest][£.]

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Consolidation The financial statements consolidate the results of the charity and its wholly owned subsidiary GCA Social Club Ltd on a line-by-line basis. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the Trust has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.

Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Endowment funds represent those assets which must be held permanently by the charity, principally insert detail, income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund.

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GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

1. | ACCOUNTING POLICIES (continued)

Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised, the charity will have been notified of the amounts and the settlement date in writing, if there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees' Annual Report.

Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Income from trading activities includes income earned from fundraising events and trading activities undertaken through GCA Social Club Limited to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. The charity receives government grants in respect of redevelopment works. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity's right to receive payment is established.

Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

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GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

1. ACCOUNTING POLICIES (continued)

Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

Fixed assets

The land and buildings and fixtures and fittings were professionally valued in December 1998 and the valuation was adopted from this date. Since the valuation date, purchased additions and improvements to tangible fixed assets have been capitalised at cost.

Donated furniture and equipment have been capitalised at the higher of the value in use to Gosport Community Association and the net realisable value.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation of the asset over their expected useful economic lives as follows:

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|||||||| |---|---|---|---|---|---|---| |Freehold|land|-|Not depreciated| |Freehold|buildings|-|1% Straight|line| |Furniture,|fixtures|and equipment|-|15-40%|Reducing|balance|

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Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains/ (losses) on investments' in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year.

Investments in subsidiaries / joint ventures / associates are measured at cost less impairment.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the SOFA over the period of the lease.

Pension costs

The charity operates a defined contribution scheme for the benefit of certain employees. The costs of the contributions are expensed to the SOFA in the year they are payable.

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GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

4. ACCOUNTING POLICIES (continued)

Going concern

The financial results of the charity have remained stable following a period of high inflation and continued recovery post-pandemic. The trustees are aware of the continued impact of rising inflation as well as the incoming changes to minimum wage announced in the October 2024 budget.

The trustees are confident that the charity should have sufficient funds to meets its obligations as they fall due, therefore the trustees expect the charity to be able to continue to operate for the foreseeable future and continue to adopt the going concern basis of accounting in preparing the financial statements.

2. INCOME FROM DONATIONS AND LEGACIES

	Restricted funds	Unrestricted	Unrestricted
	2025	funds 2025		2024
	£		£	£
Donations
Donations - Miscellaneous	-		1,126	1,287
Grants receivable
GCA Social Club Limited—grants			-	-
	-		1,126	1,287
INCOME FROMTRADINGAND FUNDRAISING ACTIVITIES
		2025	2024
		£	£
Fundraising events
Subscriptions		7,946	51345
Carpark receiptsand permits		63,511	42,018
Dinnerand dances		-	120
Otherevents		897	2,484
		72,354	49,967
Fundraising trading
GCA Social Club Limited turnover (see note 12)	276,809		239,672
	349,163		289,639

3. INCOME FROM TRADING AND FUNDRAISING ACTIVITIES

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GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

4.	INVESTMENTINCOME
						2025	2024
						£	£
	Income from UK listed investments Bank interest receivable					232 -	224 -
						232	224
5.	INCOMING RESOURCES	FROM CHARITABLEACTIVITIES
						2025	2024
						£	£
	Room hireand catering					113,966	120,469
	Furthereducationfees					125	158
						114,091	120,627
6.	COSTSOF TRADINGANDFUNDRAISING ACTIVITIES
						2025	2024
						£	£
	Fundraising events
	Event and dance costs					-	-
	Fundraising trading
	GCA SocialClubLimitedtrading costs (see		note 12)			184,306	164,884
						184,306	164,884
7-	COSTS OFCHARITABLE ACTIVITIES BYACTIVITYTYPE
	Provision of facilities for promoting	Direct expenditure		Occupancy and support	Managementand admin		TotalFunds
	social welfare
	2025	£		=	£		£
	Restricted	-				a	=
	Unrestricted	5,338		164,217		100,339	269,894
	2024
	Restricted		-	=		-	:
	Unrestricted	4,729		162,942		95,943	263,614

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GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

8.	NETINCOMING/(OUTGOING) RESOURCES FORTHEYEAR
	This is stated aftercharging:
		2025	2024
		£	£
	Accountancyfees(non-auditservices) Depreciation	13,199 7,158	13,970 6,817
9.	STAFFCOSTSANDEMOLUMENTS
	Total staffcostswere asfollows:
		2025	2024
		£	£
	Wagesand salaries Employer's National Insurance cost Employerpension cost	202,371 7,082 1,784	186,370 3,783 1,225
		211,237	191,378

No trustees received any remuneration or reimbursement of expenses from the company during the current or previous year.

Particulars of employees:

The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows:

		2025		2024
	No		No
Numberofadministrative staff		3		3
Numberof bar staff		11		11
Numberofotherstaff		5		5
		19		19

No employee received emoluments of more than £60,000 during the year (2024- 0).

-15-

TANGIBLE FIXED ASSETS

GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2025

		Furniture,
	Landand	fixtures and
Group	buildings	equipment	Total
	£	£	£
COSTORVALUATION
At1April 2024 Additions Disposals	656,835 - -	209,932 20,340 -	866,767 20,340 -
At31March 2025	656,835	230,272	887,107
DEPRECIATION
At1April 2024	64,322	188,276	252,598
Charge inyear Disposals	2,934 -	4,677 -	7,611 -
At31March2025	67,256	192,953	260,209
NETBOOKVALUE
At31March 2025	589,579	37,319	626,898
At31 March 2024	592,513	21,656	614,169
Included within Land and buildings is £375,115 relatingto landwhich is not		depreciated.
		Furniture,
	Landand	fixtures and
Charity	buildings	equipment	Total
	£	£	£
COSTORVALUATION
At1April 2024	656,835	180,241	837,076
Additions	-	20,150	20,150
Disposals	-	=	>
At31March2025	656,835	200,391	857,226
DEPRECIATION
At1April 2024	64,322	160,323	224,645
Charge inyear	2,934	4,223	71157
Disposals	:	=	-
At31March2025	67,256	164,546	231,802
NETBOOKVALUE
At31March2025	589,579	35,845	625,424
At31March2024	592,513	19,918	612,432

Included within Land and buildings is £375,115 relating to land which is not depreciated.

-16-

GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

FIXED ASSET INVESTMENTS

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 32 MARCH 2025

Investment in GCA Social Club Limited (see note 12)

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||| |---|---| |2025|2024| |£|£| |1|a|

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TRADING AND FUNDRAISING ACTIVITIES - GCA SOCIAL CLUB LIMITED

The charity owns the whole of the issued ordinary share capital of GCA Social Club Limited, a company registered in England. The subsidiary is used for non-primary purpose trading activities. All activities have been consolidated on a line by line basis in the SOFA. The total net profit is gifted to the charity. A summary of the results of the subsidiary is shown below:

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||||||| |---|---|---|---|---|---| |2025|2024| |£|£| |Turnover|276,809|239,672| |Cost of sales|(179,843)|(159,146)| |Gross|profit|96,966|80,526| |Other|Income|-|-| |Administrative|expenses|4,137|4,934| |Rent paid to charity|60,000|60,000| |Interest on|loan|326|804| |Net income for year|32,503|14,788| |Gift Aid donation|(32,957)|(9,000)| |Retained income|(454)|5,788| |The|aggregate|of the|assets,|liabilities and funds|was:| |2025|2024| |£|£| |Tangible fixed|assets|1,475|1,739| |Current assets|23,837|30,172| |Current|liabilities|(30,206)|(35,544)| |Amounts owed from|/ (to) the|charity|10,073|19,266| |Non-current|liabilities|(6,667)|(16,667)| |Funds (representing one ordinary share of £1 each)|(1,488)|(1,034)|

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“a7

DEBTORS

GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

							Group		Charity
						2025		2024	2025	2024
						£		£	£	£
	Tradedebtors VAT Amounts owed bygroup undertakings					4,295 . -		4,502 . -	44,295 . -	4,502 2,568 -
	Prepayments and accrued	income				6,299		3,115	4,596	3,068
					10,594			7,617	8,891	10,138
14.	CURRENTASSETINVESTMENTS
									2025	2024
									£	£
	Otherinvestments								16,351	17,150
	The company's holding of	£839.35 income units in				the Charities		Official Investment Fund has a		market
	value at31March 2025 of£16,351 representing adecrease						invalueof£7,99 overthe previous year.
15.	CREDITORS:Amountsfallingduewithinoneyear
							Group		Charity
						2025		2024	2025	2024
						£		£	£	£
	Bankloansand overdrafts Trade creditors Othercreditors				20,554 15,805 1,700			17,262 25,301 2,057	10,554 6,950 1,440	7,262 8,260 1,440
	Amountsowedtogroup undertakings PAYEand social security Accrualsanddeferred income				- 221 8,627			- 2,234 9,473	10,073 221 8,377	19,266 1,735 9,473
	VAT				13,554			4,816	2,713	-
					60,461			61,143	40,328	47,436
16.	CREDITORS: Amountsfallingdueaftermore			morethan		oneyear
							Group		Charity
						2025		2024	2025	2024
						£		£	£	£
	Bank loans repayable in	the second	to	fifth	46,285			45,714	39,618	29,047
	year inclusive
	Bank loans repayable after more		than 5		84,390			108,808	84,390	108,808
	years
	Pension commitments	payable	in	the		5,760		5,760	5,760	5,760
	second to fifthyear inclusive
	Pension commitments payable after more					6,360		7,800	6,360	7,800
	than 5years
					142,795			168,082	136,129	151,415

CREDITORS: Amounts falling due within one year
CREDITORS: Amounts falling due after more than one year

The bank loan is secured on the Charity’s freehold land and buildings.

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GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

17. OPERATING LEASE COMMITMENTS

At 31st March 2025 the group had aggregate annual commitments under non-cancellable operating leases as set out below.

At 31st March31st MarchMarch 2025 the group had aggregate annual commitments under non-cancellablethe group had aggregate annual commitments under non-cancellablegroup had aggregate annual commitments under non-cancellablehad aggregate annual commitments under non-cancellableaggregate annual commitments under non-cancellable as set out below.	2025 the group had aggregate annual commitments under non-cancellablethe group had aggregate annual commitments under non-cancellablegroup had aggregate annual commitments under non-cancellablehad aggregate annual commitments under non-cancellableaggregate annual commitments under non-cancellableannual commitments under non-cancellablecommitments under non-cancellable	2025 the group had aggregate annual commitments under non-cancellablethe group had aggregate annual commitments under non-cancellablegroup had aggregate annual commitments under non-cancellablehad aggregate annual commitments under non-cancellableaggregate annual commitments under non-cancellableannual commitments under non-cancellablecommitments under non-cancellableunder non-cancellable	2025 the group had aggregate annual commitments under non-cancellablethe group had aggregate annual commitments under non-cancellablegroup had aggregate annual commitments under non-cancellablehad aggregate annual commitments under non-cancellableaggregate annual commitments under non-cancellableannual commitments under non-cancellablecommitments under non-cancellableunder non-cancellablenon-cancellable	2025 the group had aggregate annual commitments under non-cancellablethe group had aggregate annual commitments under non-cancellablegroup had aggregate annual commitments under non-cancellablehad aggregate annual commitments under non-cancellableaggregate annual commitments under non-cancellableannual commitments under non-cancellablecommitments under non-cancellableunder non-cancellablenon-cancellable operating	operating leases
		Group		Charity
	2025		2024	2025	2024
	£		£	£	£
Operating leaseswhich expire:
Within 2to5years Within 1year	360 -		360 -	360 -	360 -
	360		360	360	360

-19-

GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

The following pages do not form part of the statutory financial statements which are the subject of the independent examination report on page 5.

GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

DETAILED NON-CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES OF THE CHARITY YEAR ENDED 31 MARCH 2025

	2025	2024
	£	£
INCOMEAND ENDOWMENTS FROM:
DONATIONS AND LEGACIES
Donations -GCA Social Club Limited	32,957	9,000
Donations—Miscellaneous	1,126	1,287
	34,083	10,287
FUNDRAISING ACTIVITIES
Carpark receiptsand permits	63,511	42,018
Dinnerand dances	-	120
Otherevents	897	2,484
Subscriptions (including rentfrom GCASC)	67,946	65,345
	132,354	109,967
INVESTMENT INCOME
Income from UK listed investments	232	224
Bank interest receivable	-	-
	232	224
CHARITABLE ACTIVITIES
Room hireand catering	113,966	120,469
Furthereducationfees	125	158
	114,091	120,627
TOTALINCOME	280,761	241,105
EXPENDITURE ON:
RAISING FUNDS
Event and dance costs	-	-
CHARITABLE ACTIVITIES
Directexpenditure
Equipment repairs	625	1,691
Other professional fees	-	-
Catering supplies and equipment	61	200
Hire ofequipment	-	e
Licences and subscriptions	4,652	2,548
Otherdirect expenses	-	290
Furthereducation tutorfees& expenses	-	-
	5,338	4,729

GOSPORT COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE

DETAILED NON-CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES OF THE CHARITY YEAR ENDED 31 MARCH 2025

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |Occupancy and support| |Wages and|salaries|89,927|81,709| |Light and|heat|20,091|26,962| |Cleaning|2,742|2,553| |Rates, water and|refuse|removal|14,245|11,783| |Insurance|14,072|12,367| |Property repairs|15,982|21,330| |Depreciation|of buildings and|contents|7,158|6,238| |164,217|162,942| |Administration| |Wages and|salaries|58,017|52,715| |Accountancy|13,199|13,970| |Audit fees|-|-| |Telephone|and|postage|6,133|5,713| |Other office|expenses|1,832|2,962| |Software,|stationary and|photocopying|5,585|5,516| |Security|expenses|=|=| |Bank charges|and|bank|loan|interest|15,388|15,024| |Advertising|185|43| |Travel|-|-| |100,339|95,943| |269,894|263,614| |TOTAL EXPENDITURE|269,894|263,614| |NET INCOME|/ (EXPENDITURE)|10,867|(22,509)|

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