Company Registration Number: 04243893 Charity Registration Number: 1098284 Worthing Community P*rtnershrp Compny Limited by Cuarantee Unsudited Financial St2teweDts 30 JuDe 2024 4AE2114E9T* 0710512025 CCWAPANIES HOUSE Worthing Community Partnership Company Limil¢d by Guwrnnlee Flrtaty¢i*l Statements Year Ended 30 June 21n4 Pages T￿￿[eeS Annual ReFrf)rt{lncorp￿￿lTh8 the Dir¢¢tor'$ Rep)rt) 3to6 Indepe￿Ient Examin¢r'5 Report to the Tru*ee5 Stht¢ment of Financial Aciivities ([￿luding Income and Expenditure Account) S¢Jt¢ment of Financial Posilion 91010 Notcs to the Financial Stsitments 11 to 18 Worthing Communlty P8rtMtnbip Company Lirni¢¢d by G￿arantee Flnancial St*¢em¢nts Year Ended 30 June 2024 The truste¢4 who are also the directors for the purposes of company law. present iheir rep)rt and ihe unaudiied financial siatements of ih¢ chority for the year ended 30 June 2024 Referentt and Admini5trntive Details R¢glstered charity Worthing Community Pamership a Worthing Comrnuniry Chesl Charity reglstr8tion number 1098284 Comp8ny registration number 04243893 Principal orrice and registered offlce Town H￿1 Chapel Road W¢)rthing Wey Sus5¢X BNII IHA United King Th¢ Trustees M Brett M Ansell SJ Robinson-viney R Fokou N Atkins RENowak H Thorpe Rachel Elizabeih Hulrn¢ (Appoinied 15 NovembEr 2023) IDd¢p¢ndent Examiner Oliver Tatsayemeli FCCA Belver Atcouniing & B￿1fte$S Services (BABS) Lt 4 Preston Road Brighton Sussex BN14QF Worthing Community Part#ersltip Compamy Llmited by Guar*Trtee Trllstee$' All￿￿*1 Report {In¢orporating ihe Dirtttor's Report) Year Ended 30 JuThe 2024 SIr￿¢ture, Gov¢rnan¢e Man#gement The charity is ¢onstiluted Ls a company limi*d by guardntee and is th¢refore governed by a memorandum and articl¢s of associalion dated 29 Jun¢ 2￿1. The mtstees are appointed ai th¢ Annual G¢nernl Meeting and one third reiires in rotstion and can be re-appointed. The trustees may fi￿her appoint try51ees to fill vacanci¢5 arising betwe¢n Annual Generdl Meeiing$. The trustees ar¢ r¢¢ruiled dependent on skills required and contribuie at Board meetings artd at least one other ¢omrnitt¢e or role within the organisation. Tnhste¢5 are given an induction by ihe Chair. Treasurer and other mJstee5 and receive on-going forn￿1 and infornial training at board meeting& away day5 and through links with oiher local agencies. Worthing Comrnunity Partnership is a small organisaiion and as such. M￿1¢¢5 and all volunieers within the organisation, are more a¢tive than would usually be required of a gowernance role wiihin a larger organi5ation lh￿ has a ￿&ter number of paid sthff. Public Benefit The mjsiees have referred to the Charity Commissions guidance on public benefit when reviewing the company's aims and objeciiwes and in planning fvture aclivities. As a grant making charity. Worthing Community Chest exists to make partnerships and offer fiTWKial grants to enable loul group4 projetts and events for the public benefit. Object(Yes and Activities The Worthing Community PatThership is known locally ihe Worthing Community Chesi and is an independent organisation enabling and supporting local communiry r¢gen¢rntion, projects and even15. We OP¢rydte as far a5 possible by building p4rtn¢T5hip5 whth local voluntary organisaiions and club& businesses, staturory bodses and individuals. Our Purpose To tackle social isolatiott and economic deprivation by= l) Bringing people and organisaiions together to find solutions io address local issues and opporninitie 2) Acting as a conduit for funding to enable DJnDing of programrn¢s and specifi¢ ¢vents and projects. 3) Working tQ8eiher wilh organisaiions atsisi and lead in ihe delivery of proje¢ts and initiative5. 4) Supponing small local groups wilh financial assistance through Worthing Community Che51 ￿an1 AchI￿eMentS and Future Pl*ths The main in¢ome for the Charity is derived from ihe coniinuingwcupan¢y of the freehold pro￿. RenaLS5ance House in Rowlands Road, WorthiTr& Thi5 enables the Organisaiion io cary oui lis Charl￿ble fijnciions. TexEile recycling income received via Worthing Borough Council 15 festricttd to awarding Worthing Community Chest small gtants. We ceived £434.60 unrestricted funds from lollery donaiion4 the Textile recyclirtg ffceiyed via Worthing Borough Countil income is incremenrally diminishing by the year. The chartty will continue co pmmote recycling locally to help to mee( coiincil r¢cy¢ling tar8e4 reduce landfill was* and raise fund5 for diswibution lo local groups and events in Worthing. A lisi of organisaiions thai have benefitted from grants awarded in the year is inclthded in note 8 to the fhnancial statements. The charity awarded grants. grass roots funding and seed fvnding to help organisations cope with the difficult times of approximately £15,987.￿ during the year. helping ro enable a wide range of events io rake place in Worthin& Mor¢ detsiled achievemenrs and activities of the ¢harity are detailed in the Charity's Annual Report ovailable from the iown hall and UFX)n reqtsest. Worthing CommuAity Partnership Company LiThited by Guarantee Tru5tees' Report (ltteorporating the Dirertor's Report) (continued) Year Ended JO June 2024 Fin*neial Revlew The results for the year are set out in th¢ ststemenl of financial activities on Page 8. There was a total net surplus for the yw of £225 (2023: £7,030 Shortfall). The shortfall generated on the unrestricied general ￿nd was £6,319 (2023.. £6,364 surplus).-The increase in support costs of £1.634 compared to the previous year is mainly due to introduction of Ageni rnaintenance cost in 2024- £27.066 (2023.. 25.432). This surplus and net assets enabled th¢ trustees to alli*ate an addirional £6.543 of unrestricted funds to resrricted income to award £10.927 in community Che￿ grydnts, Grw rO￿S and Seed fvnding of £5,575 and £15.426 shortfall covered by the designated Renaissance Hol￿ Repair fund%1¢4ving £1 5,65 l surplus in the year to be added to unrestrict￿, undesignated funds as at 30 June 2024. R￿erVeS lrt ihe context of these financial ststemeni& Te5erves are the fvnd5 available to the charity ihar can be made available io spend for any or all of lis purposes. once it has mei its cornmitments and covered its planned expenditure. These ¢ompri5e restrieted reserves io be speni solely on Community Chesr Grants and unrestricied funds that may be designated by the tyustees for specific purposes io enable ihe work of the chariry io continue and grow and me¢T ils aniicipated requirements. The level of resuv¢5 is mon110r￿ and reviewed on a b￿monthlY basis. The directors consider it prudent that unrestricied reserves should cover 3 months njnntng ￿(S for the charity and rnajor repaits at Renaissance House. UDrestri¢t¢d funds Comprise £311.379 repteseniing the book value of Renaissance House. £7,299 representing three month%. running costs and credit balance of £88"expecred from E51are Ageni. leaving iotal undesignated funds of £62.685 ￿ 30 Jun¢ 2024. Thi5 meets ihe trugees, dttired level of reser¥es. It is expecied that the unrestricted T¢s¢rv¢$ will be used io award funher grants irt the coming yeaTS as the recycling income redtsces. Restriettd Community Ch￿1 Grants Fund Funds received from Worthing Borough Council from textile recycling are held for the sole purwse of awarding communiiy chest small grant$ io fund local projects and even￿. Recycling income of £10.927 was received in the year and granis of £15.987were awarded. During Ihe year some previously awarded bui paid awards of £11,604 wos written off &5 the iwo year period given for th¢ grants to be rwu¢M¢d h&4 passed. D￿l#nated Major Repairs Fund Funds received from tenanis in excess of serviee charge retharged costs are held for the sole purpose of major repaits and propeny works rechargeable io ienants under the ierms of their l¢Jses. The purp05e of ihis fund is io reduce fluctuations in annual ser¥ice charge co￿$ thai would be caused by recharging all major works on Renaissance House in the period they are incurred and io ensur¢ fijnds ar¢ available for planned major works such &$ lift repairs and external pro￿rty r¢d¢coralion. The Major Repairs Fund is now held by ihe letting agent rnanaging Renals5￿ce House on behalf of the Chariry. Risk A55¢55ment The direciors review financial and other ri5k5 when appropriate and have e5tsblished procedures io ensure thai tran5a¢lions and projects are properly authorised. On-going ￿r￿pancY of Renaissance House is necessary ftir ihe on- going sustsinability of the charitsble company in lis CU)Tent forni. Tn￿1¢¢5 are looking fon¥ard io maintsin the lease wilh our Current ienants Wesiern Sussex Health Twst they were awarded the continuin8 contract to offtr th¢ sexual health seThictt from our propety and will cortiinue in tenancy for ihe next three io five years. Worthing Community Part￿t￿b]p Company Limited by Guargntst Tr4st¢es' A￿￿￿￿1 Report (Imeorptsrntlng the Director's Re￿rt). j¢ontiD¥wJ) Ye*r Ended 3fl Jllne 21n4 Ststement olTrustees' Rupon$ibilities The tN5tees (who are also direciors of Worthing CommuTtity P8rther5hip for the purp05¢5 of company law) are re5pon5ible for preparingihe Diredoys. and Trusie¢s' Tep)rt and flnancial staternents in acwrdan¢¢ with applicabl¢ law and the ch￿￿11e$ SORP IFRS 102). Company law requires the trus1tt5 to prepare financial sMements for each financial year which 8Lve a true and fair view of the state of affairs of th¢ charitable Company and of the incoming resources and application of resou￿4 including the income and expenditure of the charitable compthy for the year. In preparing these financial StsteM¢Th￿ the trustees are wuired to: s¢lect 5Uitable accounting policies and then apply ihem ¢onsi*rtty' obseThe the meihods and prinGipl¢s in"4¢ Chariiies SORP. make judg¢ments and arcounting esiimates thar are reasortknle and pyudeni" sthte wheiher aFvlithle UK A￿OUnt148 Sthndards have been followrf subjeci to any rrtaterial departures disclosed and explained in the financra, st8*ments' Prepare the financial staternents on the concern basis ynless it is inappropriat¢ to presyrne that the charity will Contin￿ in operation. The trusiees are reS[￿Ible for ke¢ping adequate accouniing records are sthtT¢cieni io show and explain ihe charitsble company's Irdns4dions and disclose WTih reasonablL accuracy * any lime the financial ￿SItion of ihe charitsble wmpany and enable them io ensure that the financial swements comply with the Companies Act 2006. They ar¢ also responsibl¢ for Safeguarding the assets of the charitsbie company and he￿￿ for tsking reasonable sieps for the pr¢veniion and det￿¢10￿ of fraud and other irregularities. Sm811 Company Provi$ioDS This report has been prepared in accoTdance with the provisions 8pplicable to eompanies entitled to the sm#ll ¢ompanies' exemption. The charity is not 5ubjed to audit under company law and is eligible under chariry commission requirements ftsr independent ¢xamtn&tion. lTrdepeDdent Examiner Oliver Tatsayerneli of BelveT Accounting 8nd Business Services (BABS) Ltd will be proposed to the AGM to be reiained &$ ihe independ￿1 ex4min¢r. Signed on behalf of the tru*ees Richard Nowak 29104125 29104125 Rigob¢l Fokou Tn￿Tre Chair Worthing Cothmutsity P•rtnenhip Comp•ny Limited by Guar*Trtet Independent Examintr's Reptsrt to the Trusthes ofworthingcommunity P8rtner5hip Ye8r Ended 30 June 21124 I report to the trusiees on my ¢xaminaiion of the Jecounts of the Worthing Community Parthership for the y¢ar ¢nd¢d 30th June 2024. Respofj$ibiliti¢J b•sis of report As the trustees of the charity (8nd also its direaoTh fw the of Company Law). you are resKM)nsible for the preparation of ¢h¢ fmawial stat¢m¢nts in ¥xordanc¢ with the requirements of the Companies Act 2006 (the 2(KJ6 Acr) Having wisfied myseifih* the f￿ancial swements of ihe charity are noi required to be audited under pans 16 of the 2006 Acr and are eligible independent exam1th￿i0n, I report in respeci of my examination of the ¢harity's financial ststements Carried our under Sefflion 145 of the Charities A¢t 2011 (the 2011 Aci). In carrying oui My exarnination. J followed all the applicable Direciiong given by the f.harity Commission under Section 145 (5Xb) of the 2011 Aci Independent examiner's ststemeot I have compleied my examination. I confirn? that no material mattets hawecome io my attentron conneetion with the examinaiion giving rne ￿￿se to believe that in any m31erbal Tr-:.PC¢L . accowiiing records wert not kept in accordance with sertion 386 of the Companies Act" (r 2. the accounts do not accord wilh those le￿rds. or 3. th¢ a¢counts do not wmpty with rel¢vant accounting re(?uirements uThler ￿110￿ 396 of the Cornp&nies Act 2006 other than any Tequirement that the accounts give A'tr￿ and fair. view which noi a matter considered as part of an independent examinatiorj. or 4. the accounts have noi been prepared in a¢￿d•￿t with the Charities SORP (FRS102). si￿ed. Oliver Tatsayemeli FCCA B¢lv¢r Accountin8 and Business Services (BABS) LTD. 4 PrE510n Road. Bright0￿ East Sussex BNI 4QF 29104125 Worthing Community Parther5bip Cornpny Limited by G*arantet SthtemeTh¢ of Financial Aclivitiu (in¢ludiEg infxffje **d expenditure aceount) Y¢4r Ended 30 Jun¢ 2024 2023 Totsl fvnds Tot*1 ruthd5 JTMts Ineome and endowmeNts from Donations and legacies Chgriiable activities Income from investm¢nlS 10.927 14,516 29,778 282 21J72 74) 21 J72 743 Tot81 Incothe ethdowments 927 76 Exptnditur¢ OD Charitable activiiies GTa5s Roots Funding less prior year un¢laimed Total Expendilurt &ii 29.179 10,412 5.575 -11,604 39.591 S575 -11.604 33.562. 49.026 2.580 51.606 Net incomtl1¢x￿ndl¢llre) 225 -7,030 Net rnoyernent in funds 225 -7,030 ReroTreili&tioth of funds Totsl funds broughi forward Transfer ynrestricied to cover r¢stricied funds shortfall Totsl ￿ndS Carri￿ forwtrd 381.051 381,051 388,081 17 381 The statement of financial,aciiviiies includes ali and losses ilxognised in ihe yea All incom¢ and expendiiiire derive frow. continuinu acii'