Company Registraiion Number.. 04243893 Charlty Registration Number: 1098284 WorthittgCommllttltyPrtership CompDy IJmiied by Guar#ntee UDudited FinAncil Statements 30 Jlltte 2025 'AEYB0zss 212026 COMPANIES HOUSÈ
Worthlni ComJDumlty Partnfrship CDMpny Llmlted by Gratte Flnanelal Ststemets Year Ended 30 2025 Tn&ees Annwl Rcp)rt (IKLwifdting the Dirt¢roT'S Re) 3to6 Indepettdeni Examiner's Rert to th¢ Tn StateThKnt ofFinM¢ial A¢tivfftitr¢s Un¢luding Irt¢onx and Extndiwre Accouni) Ststemeni of Financial Pltion 9tolO Notes io the Fit)an¢ial Stytements I I to 18
Worthlng Communlty Partnenthlp Company LIDted by Cuxrntt¢ Flft•Tr¢isl StatemeDts Year Ethded 30 June 202S The trustees, who are 31so the diredor5 for the PUryA)S¢5 ofcompaDy law. present their rert aod th¢ unaudiied rinancial 51arTKnts of th¢ charity for thr y¢ar ended 30 Junt 2025 Reftrenee 4nd AdmInIslIve D¢tAI Reglstertd cknrity nme WorthingCI)mmuniry ParhIp tla WorthiD8 CommuDity Che Ch•rlty regMtrtion numbeT 1098284 Compny reKtstrllon 04243893 PrInCip tsfflet thd regLt¢red Towll P.aJl Chapel Road orthing WestSLLssex BNII IHA Unitcd Kingdoj Th¢ Trustee$ M Bren MArtscll SJ Robtnson-vincy RENowak H Thorpe Ra¢hel Eli72beth Hultne R Fokou Noel A Atkins {li¢Sigl 30 jw 2025) (Resigned 30 June 2025) (Re5igrtd 30 June 2025) Independett¢ Ex*mlTher oliv Tatsa Yemeli FCCA Belyer Accounting & Busi Smi5 {BABS} Lt 4 Prestm Road BrighttsD Ea Sussex BNI 44QF
Worthlfvg comMnIty Prt•ershlp Compny Liml(ed by Cugraiitee Trn$tee5' Report (l¢orporAtini the Dlrector's R¢port> Year Ended 30 JthDe 2025 Strre, Governgnce and Management The charity is constituted a5 a compwjy lirnited by guartniee atMI is therefore governed by a MerrandM and articles of association dared 29June 2001. The trustees #Te appoiftt¢d at the Annual General MeetinB and one third retires in rotsiion and can be -appOinted. Thc InLStees may furthei appoint to fill va¢ancies arisin8 bewn Annual G¢neral Meetings. The ttNSes ate recnjited dtpendeni on skills required and Contribute at Board Pi£eiJn8s and at least one ciiher cornmittee or role within the organisation. Trustees are 8iVtn all inductiots by the Chaw, Treasurerand other trustees aT receive on-going forn)al and infornwl trainin8 31 board rneetings, away day5 arml through links with other local agencies. Worthing Qtrmmunity Partnership is a small organisaiion and as such, and all volLtners withtTr the organisation. are More active thart would usually be required of o gov¢nJarx¢e role With1 a larger OTg&iwion that bas a 81¢[ nurnbei of paid staff. Publlc Benefii The tswiees 14ve referred to the Charity Commissions 8uidan¢e onpubli¢ bcnefic when reviewing the company's aims and objectives and in platilling aciivities. As 4 8fdDt tnakmgcharity, Worthing Community Chesi exists to make partDersbip$ and offrr fuwKial grants to ¢Dabk local WOj¢¢LS aod ¢V¢aLS for th¢ publi¢ b¢n¢fil. Objecliwes and Aetiviths Tbe Wonhing cOttilty Partrrship is known kKally as the Worthing Community CIKst thd 15 an in(kpe[cnt organisation cnabltng und gIIPPOrfirtg lo¢al coirLmuNity rescrratiOrt. projects ar event5. We OP¢Tate as far as p)5sible . by building partnerships with local voluniary organiwions and ¢lth. businesses. statutory bodi¢s aThl Individuals. Our Purpos¢ To tackle social isolation and cconomic dcprivation by- l) Bringing people and organisatiorns iogether to find solutiow to address ILKal ISSLKS and opp(wtunities. 2) Actithg 15 a conduit for fijnding to etthbl¢ nluniog of r)rogramm atsd specific eveDts aDd projects. 3) Working together with or8ani5aiion5 to assist and le8d in the delivery of projects attd initiatives. 4) Supporting small local grow with financial assislance through Worthing Communily Chesl gTarits.. Achievemeniy #Nd Future Pla¥ The main in¢om¢ for tb¢ ¢barAty is deriv from th¢ contillutDg o(rupancy of th¢ freehold property, Renatall¢¢ HOL it) Rowl3nd5 Road, Worthing. This enablcs ihe organisation its ¢aTry.oui ILS Charithble fvnttions. T¢xiile re¢y¢lin8 income reoived via Worthing Borou8h Council is re51ri£trd avding Worthing Corntnuniry Ch¢st Small grants. We received £820.14 { Prior Year of £434.60) untestricte41 fimds from lotrcrydoDaiions. the Textile recycling received via Worthing Borough COW11 income is incrementally diminishing by the year. The charity will continue to pronujte re¢y¢ltng locally u) help to meet COlLncil reClIng tsTgcts. reduce landfill Wd5te and raise funds for distribution to local grow and ¢veAts in Worthitt A li510f organisaiion5 that have bencfitted from grants awarded in tk ycar is included in no 8 to the financial statements. The Charity awarded grants. 8fdSS I'otsts funding and seed fundin8 10 help organisaiions cope with the difficult times of approximakly £21269.00 during the year. helping to enable a wide range of evenLS tsk¢ place in Worthing. More thtsil¢d acbicvemcnts and activities of the ¢lwi"ry are detsiled in the Ctwity's Ar1 Rertavail8bl¢ from the iown hall and upon requcsL
Worthlng Cfjmmunlty Partnershlp Company LIMted by G•#r•nttt Trwtefs, Annual Report OD¢orportitt¥ the Dlrertor's Report) (continued) Year EDded 30 Jutse 2•25 FIDdal Review The results for the year are sei in the ststemeni of financial actii'ities on Page 8. There were total thet iticomittg resources for the year of £4.548 (2024: £225 surp18). The Surplus generated on the unrestricted 8cnerdl fund was £17.11212024: £6J19 thortfall).The drop in PF¢osts of £5.054 compared ts) the previous year 1$ mainly duc to kss spcTwJin8 on professional cosi ITh 2025.. £21.14312024= 27.066). This surplus and net ssets enabl the trnste¢s to allo¢ate an additional £12.563 of ut)restrictrd fillmts ro restricted income to award £14.916 in ¢ommuDity C$1 8rdn Grass roots atsd Sced fijing of £6J53. l¢aviog £4,548 $wplus in the ychr to b¢ added to unrestricted, undesignaied fuvds as at 30 Junc 2025. In the ¢oJ)texi of th¢se fioan¢ial $tsmcnts. reserves are the fvnds available th the clwiry that cat) b¢ mad¢ avoilable spend for any or all of irs piirposes, once It has met its commiThents al covered its planned expenditstt.. Th¢s¢ comprise iestri¢ied res¢Nes ro b¢ Spent solely on Community ch Grants and unrestricied funds thai may be dcsignared by the tntytees for specific enable the work of the chan.ty ro cot)iinue and grow net its anticipated requ1Ments. The level of reseJw¢s is moniioT¢d and reviewed on a b1-nthlY s15. The directots consider Li prudent ihai UDrestricted reservcs should Cover 3 nw)ttths rvJnin8 costs for the ¢ban"ry and njajor rcpairs at R¢nais5ao¢e House. Unrestricted fuDd5 comprise £31 1.379 representing the nel book value of Re1$$1¢¢ House. £7.299 Teprescntitlg three mDnth$' runnirtB costs and credii balar of £89 expectrd from Esta AWL Iving total Lumksignated funds of £67.235 * 30 Jwie 2025. This mee15 (hc trustCCs' desired level of reserves. It l5 expected that the unrc5tricted rtserves will be used to award fiuth¢r gr8Dts ID th¢ wmiJ)g years as the recycling iD¢om¢ r¢du¢¢s. R¢stricted Community Chest Grtyts hd Fund5 re¢eiv¢d from WortbiDg Borough Cou. . - texiilc recycling art bcld for the 501e purpose of awdrding community cbcst small to fi]JMI local prtrjects tvents. Rtcvcling incorneof £S.718 was received in the year and grants of £21.269 wer¢ aword. During tl year sctme preViO$1Y awardtd but [1 paid awards of £2.988 was written off as the two year period given for the grnnis k) be T¢qlles¢ed h&8 passed. Designated M•jor R¢p#lrs Fund Funds re¢eiv¢d from Lenants in exccss of service charge ffclwged c4)SL8 are held for the sole purpose of major repairs and property works itdwg¢able io tenants under the nns of their Icascs. The purwJ5e of14is fvnd 15 to reduce fltiOnS in anDual service ¢harge ¢oxs that would b¢ by recharging all major works on Rena]ssCe House in the period they are incuffed and to cllsuff fiumls 3r¢ available for plamjed major works such as lift repair5 and ¢xternal property rcdccorniEOO. The Major Repairs Fund is Dow held by Lhe kttiftg ag¢ni managing RenaissanLe Hous¢ ort b¢half of the Charity. Risk Assessment The directors revLew financyal and other risks when appropriate ar.d have establisljed procedutes to cnsure that traDsactson5 and woje¢ts arc properly authorised. OD-gotng occupancy of Renaissance Hou% is Dec¢ssHry for the on- going $ustainability of the clwirable company ill its ¢urr¢ni Trustccs art looking forward to maintain the Ica with our ¢urT¢ni trnants Univctsity Hospirals Sussex NHS FouTKl8fion TnJ%t &% they wtre awarded ihe continuing ¢oDtract to offer th¢ sexual health services from ?ur property and will conlinue in tenancy for the next ten years as of September2025.
Worthlng Community Prtnenhlp CompDy Llmlted by Guar••tee . Trnstees. ADThwalReport Il¢orporAtingth¢ Dlrrf¢Dr's Report) (continutd) Y¢r EDded 30 JuDe 2025 StAtement of Trnsteu, R¢sponslbllities The tru5¢s (who are also dire¢[S of Worthing Community Partnership for the purposc5 of company law) ar¢ responsible for preparing the Directors. and Tru5tees' report and financi 5tht¢m¢nts in ac¢ordanc¢ with applicable law and th¢ Clwities SORP {FRS 102). CoMpY law requires the tnLsltes to prcparc financiaj statrmrnts for cath financial yEarwhich givc a true and fair view of thc of affaitro of lh¢ charitable cornpany and of the incoming rOur¢& and opplicatkon of r0¢. includins the incorne and ¢xnditre of the ¢lwitsbl¢ ¢ompany for the ycar. In prqmring thes¢ fir4191 51aleftts. th¢ trte¢S are required kn.. select suitable ar¢OuD¢ingII¢leS and thcn apply them cotw4ently' obs¢rve rhe methods aod principles in the CharitiC5 SORP. moke judgements and ¥countin8eStitnat¢s thai reasonknle #Dd pl. state wltctherwlicable UK A¢¢outttin8 StoThlards have been followe¢ subject to any material d¢parnwes disclosed and explained in the fitiall1 siatemeois", Prepare the financial starnents on the goin8 concern IM5iS unkss il 15 intppropria* to presunK that the charlry will coniinu¢ in operdtsDn. The trustees are responsible for keeping adequat¢ accounting r2cords ihat are suffi¢ient to show and explain the - traThActioTkn and dirAlose ivith r&%ohJblt 2fGIIIJ¢y 21 any lime the fLnJiicL21 po•ition of th¢ choritabl¢ ¢4)mpaoy'" cbtiritllblc eompony wid C10 them to etLuro tkni the fman¢ial wmply with the Compaoi¢Tr Act ti006. They are also responsible for safrguarditiB the assets of the charitable con]paDy and bcnce for takan8 re450nable st4>5 for the pYcv¢ntion llnd d¢tection of fraud and other 11ttlaritie$. Small Provision$ This rtport Ixen pr¢par¢d Inaccor with the PfDViStons appli¢abk to ¢ntitled the small companics. exenwion. The ¢han"ty 15 Dot SUbjt 10 audii under naOY ]awand is eligible UDderc]witycommissioD Tequirements for lttdependent EnDer Oliver Tatsa Yemeli of Bclv¢r ACUntIn8 andBwiness kni¢e5 (BABS) Ltd will be proposed to the AGM to be retain¢d as the Trndcpend¢Thi examiner. sId on bcbalf of the trustees R.E Nowak 20103126
Worthlng Communlty Prtwshlp Company IAmf(ed by Cuarntte IDdep¢TrdeDI Examln¢r'$ Report lo ¢heTru5tets of Worthillz Cornm1ty P•rthtrshlp Ye•T Ended 311 June 2025 I report to the trustees ot) my examinaiion of the accounts of the WorthiD8 Community PartI11p for the year ended 30th Jun¢ 2025. Responslbllld¢s And bxsls of rep•rt As the truste of the charity (arKI also its di(M$ for the pu of Company Law), you art respO]ble for the prcparntion ofthe rmala1 stat¢ment5 in accdae with the fEquiremtnts of the Cornpante5 Act 2006 (the 2006 A¢t) Having sa¢i$fi¢d MC1r that the flnancial statrmcn¢s of th¢ cljarity not required to bE audited under par$ 16 of the 2006 Ac¢ and are eligible independent examination. I rep)rt in respect of rny examination of the charity's financial staietnents ¢aftied oui under Secrioa J45 of the Clwitses Act 2011 (the 2011 Act). In caryiDg OUE my examitiaiion. I followcd all the applicable Directions Ven by the Clwity ConwiissioD UDdcr StAiOD 145 (5Xb) of the 2011 A¢t Independtot exanthr,9 ststem¢nt I bave con)pleted my examination. I confirm that Iw) Inaterial lltttters bave come to Jny atteDtion in CODDection with the examination givinB mc ¢¥t to believe thai in any Matla] rw: l. accountitsg records wtre not kept ina¢¢ordw Thith section 386 of the Companie5 A¢l or 2. th¢ accounts do tt ard With those retords" r 3. the accounts do not comply with fflevani aceounitng wuirements under section 396 of the Companies A¢¢ 20Q6 other than any requirctnent ihai the a¢¢ouDtS BLVC a.trut *nd fair. view whi¢h is t¢ o matter ¢ortsidercd as pxrt of aD Itependent cx4minatioD' or 4. the acll¢S hav¢ been preped in accordanc¢ with th¢ chariti SORP {FRS1021 Si8ned: OliverTatsaYtmcli FCCA Athjr Belver Accounting and Business Services (BABS) LTD. 4 Pres Road. Brighton, Easi Sussex BNI 20103126
WOrthlg Comm¥•lty Pamership Company Llrnited by Guarant ststement o(FlThm¢ial Aetlvitlcs (IA¢IMdiig ltttome And tIndIre ateount) Ye8r Eded 311 Ju¢ 2025 2024 Totsl Ujxestrictrd Restiict Totsl funds Note: In¢ome a•d tndowmthts frtsm th)nation5 and legacies Charithble ¥ctivities Incon from it)vtstmettts 5.718 9.417 11,472 21J72 743 538 Trt#l l#¢omt *ttd endowm¢Ats 41.2 -71 46.gS4 33 Esp¢ndliure o Charitable a¢iivitics Grass Roots Funding less prior year unclaimed gnnts TotAI Expendlthre Net In¢omtl(expe•dl¢ur¢) 8-11 24.124 14.916 6.353 -2.988 ]940 6JS3 39.591 5.575 -11.f 33,562 24.124 18.281 42rt05 17.112 -12.563 4J49 225 Net wvemeot in funds 17.112 -12 J63 225 Total fiLnd$ brou8hi forward Transfer unreslricted to cover restricted fjjnds shortfall 381276 381376 381.051 17 38 The swetwji of ruWla] activities ajl gaiw and Jow Ignised in the y Ail in¢om¢ and expenditurt derive from continuing activities except those itemi5ed in note S Tbe notes onpa8es l I to 18 fornpart of fiDaDcial statements
WorthlM% Community Parthenhip Compny Umlted by CuraDtee S¢at¢ment of FknAnfial Position Yer Ettd¢d 30 2025 2024 Flxtd Amets Tangible fixed assets 13 311 J79 313,379 Current Assets 29,054 19,815 Cash at baDk attd ith hatsl 85.200 111.754 82.590 12.693 Creditors: atnowbts falling due withill onc ) 15 Net CtArr¢nt Asstts Tothl knseis lesi Current Uabllltles 75,446 385,825 69,897 381276 Cffditors: a01$ falliD8 after more than One ye4r ]Yet kntts 16 385J2S 381276 ds of the Chgrlly Reslri¢ted fimds Unrestricted fimds 38SJ2S 381,276 TotAI Cbrfty fvnds 17 381376 For the year ending 30 June 2025 the chariry vas eAtiUed exemption from audit underseclion 477 of th¢ Companies Act 2006 relatiog srnali ¢ornpaDies Tnjstees. responbILItieS.. The members bave noi required th¢ charity to obtsioao alIt0f its financial statements for the year in qy¢sti(JD tn accordarKc with se¢tiott 476,. Tbe trwee5 acknowledge their resp)osibilities forcomplying with the requirements of the Act with respeci accounting re£ords and the wepaTation of fisallcial slaterllts TIKse fit)ancial statCULents have been prep3d in accordance with ihe PSDViSiOnS appli1¢ to c(snwhies subj'ecl to the small Cotnpanies r¢gime. The t¢S on pz8es 11 th 18 fomi of thu¢ financial 51atements
Worthkng PrtneT5hlp Company Lirnited by CuaraDttt S¢tement of FitsaDtial PoiitiDA (eiiiitimytd) Year Ended JO 202S Thes¢ finan¢ial staL¢ments are to be approv by the board of trwes authori for Is5 and will be signed on behalf of the board by: 20103126 R.E Nowak Chair The not¢s on pa8e5 1 I to 18 fonn pan of thESt financial Sttts 10
Worthing COMMNity PArtnershlp Company Umlted by Gu8ranteE Notes to the FinmcJxl StAt¢memts Year Ended 30 Jrte 2025 l. Gentrl Jnformmtlon T charity is a private wmpany limited by 8uaTan¢. registertd in En8land and Wal¢s and a Te8]stcr charity in England and Wales. The addre4 of the regiswed office is Town Hall. Chapel Rorf Worthin& West Sussex. BNI I United KingdonL 2. Sitenot of CompllADce Thes¢ fioancial statemeDts have been prepared ID accordthce with thc Charitie5 SORP.. Ststcment of Recommended PTadice.' A¢couotin8 and Re[tiO8 by Cfftwities Preparing the accounts ID accordance with the Fitswcial RqJortiTrg Standard appli¢able in the UK and the Republic of threland (FRS102) 3. ACCOtIng Pollcles B8sL4 of Preprtts Th¢ fiThancial statements have been prcpat¢d on the historical ¢ost basts as modified by the Tewdluation of certato financial and liabilitits and investrnEnl properties nK&surtd at fair value through incorne or expenditure. The financi81 ststemertts ar¢ prepartd in st¢rlin& 1¢h is the fimctional currency of th¢ entity. ColDg Coneern Theff are no material uncertainties aul tk ¢TIty's ability to ¢OllLinu¢ Dts¢losure Exethpdotts The entity l$fIc$ the crin8 of bein8 a qualified entity as dcfined in FRS102. A5 Such. advants8e ha5 been tsk¢n of th¢ following disc105ur¢ exemptions availabk paragraph 1.12 of FRS 102: a) No Eashflow s¢•m¢nt has b¢cn prcscntcd foT thc conyny Jud8meni$ nd Kty Sources ofEsdm*iioTh uncertty The preparniion of the financial ststements r4iiires rnar•gem¢l io rt¥k¢ judgements, ¢5rimales and 4ssumptions that affect the amounts reported. These eSti[te$ aDd judgemeots are colltinually revicwed and are based o experienc¢ and other factor& inclLMltn8expe¢thtions of firtw¢ events that are b¢li¢v¢d to bc reanable under the Fund A¢¢ovntln8 Unrestricted funds awdilable forwe at the distlOn of the tnL%tees to fijrther any of the charity's pufFW)ses. Dlted ar¢ unrestrictrd ffijnds earmar by the trustees fora ptirticular fifftwe projeei or C4)mmits)kDL Restri¢¢ed fijnds are subjected to rcstri¢ttoft¢on thetrexpendiiure declared bythe do#or OT through ihe lernis of an appeal and fall illto one of two sub¢l&sses". rrsiricted income funds or endowineDt fu
Wortljlng Ct)mmll•lty Prthershlp Company iAmlted by Gu8ra•lee Notej ¢0 the Fln8Dtll Stgtements (eont6nued> Yer EThd¢d 30 J•De 2025 3 Attou#diig PoU¢ies IRcomln8 ReSoTr¢S All incoming resour¢es azt Ilded IA the S4[¢Me orf!uaDcial ¥¢tivitics when tbt entitlemeni bas passed to the charity. it is probable that the t¢0M1¢ benefit$ ¥swciatrd with thc transaction will flow the charity and th¢ amount can be reliably measured. The following specifK liCIeS are applied to partiajlar categories of irhconx: IncOll from donations Otnts lsttcwls whEn there is evide¢ of entitlement to thc gifL receipt is prob8bl¢ and its an¥JuDi ¢an bE urEd reliably L£sacy i1Tne is rrcognis¢d when rc(cipt isprobable and entitlemcnt is e5tabli5hcd In¢ome frotll donated 8oDds is me&sura at th¢ fair value of the 800(L8 utti¢ss this is impractical to measu reliably, in which cast ihc valut is derivt41 frtsm thc cost io th¢ donor or the es1irna1 Ye5ale value. Donat¢d facilities and services ore recognised in the accounts when receTved if the value can be reliably rneasured. No arc in¢lwled for the ¢ontritstion of g¢r)erai voluners. Income from eontrxts for the supply of services 1$ rttognised with the delivery of the contracted servÉc¢. This 5$ classified 8$ urLrestricted un1v there is a contr¥DJal requirewi for li to be spent on 4 ptrticular purpose and retswn¢d if utwsetsi ill Trwbicb case it may be re as restricted. Rtsovr¢¢$ Expend¢d Expenditure is recogni%d on an *(n[S basis as a liabilEty:.n 1rtllrr. Expcndilwe ¥nclud¢s any VAT which ¢annoi be fijlly recover and is classified wwjcr htadings.in the s¥tenKni of finanrial activities to which it relat¢s. Expenditure oa raisiD8 fiukls includes the costs ofall fithisitig a¢tiviti4 ev¢ttt& llonthitabk tradiD8 a¢tivitics aDd the salc of dooated 80(Mts. Expenditlre on clwitable activities inclth all c4)Sts incuff>J by# ¢11ty in underthkirtg activities that fi its chtiritabl¢ aims for the bencfit of is bcDEficiarics. includingthose support ¢415ts and wsts rclatin8 to th¢ governance of the charity apwjrtioned to charitabl¢ attivllies. Othcr cxpendiftW¢ in¢ludes all ¢xrKrnliturc thai is neithu reLad to rdisin8 fund5 for the charity norpartof its experxliThJre on ¢harirable activities. All costs are allocated expendibjre categories ie11 ecling the us¢ of the resour¢e. Diwi ¢OSLS 8ttributhble to sin8le activity are allo¢ated dlrectly w that aclivity. Shared costs are apportioned between the a¢tiviti¢s ih¢y contribut¢ to on a reasollabletr jwtifiable aiid ¢oLsi5tent basts. TATh8ible Assets Tangible assets initially recorded al ¢osL 3Dd subs¢quently staled * c05t Icss any accumuiatrd depreciation and Impalrnnt losse5. Any nble 4ssei8 carried at revalued anL$ art recorded at the fair value at the date of revaluation les5 any subsequent accutnula¢¢d depre¢iation and impaimjent losses. An increase in the c4tryiO8 aiiwunt of an as5ei as a result of a revaluation 1$ rccognised in othcr [¢¢ognid gains and losses unless it rcvcrses a ¢MrBe foT impairment thai has previously ljeen recognised as expenditur¢ within Ehe statement of financial acliviries. A dc¢reas¢ in the carying aTrount of an a1 as a result of revaltsaiion is ogDi5ed other 08$¢d 8aios and Ic5se4 exttpi to wlll.ch it offsets any previou5 revaluation gaiti. in whieh case th¢ loss is showD within other rtCO8nistd gains atyj loss¢s on the ststcrn¢nt of financial actsvities. 12
Wortblng C•mmuDlty PrtM¢Yship C•mpany tamited by Gur•ntee N•te$ to the Flna•ctsl Sttemenly (eondttued) Y¢r Ended JO June 2025 3 Aecountlng Politit$ 1o#ii•uÈd) Depretl•llo Tb¢ chan.ty docs not deprcciate frecllold pmpcrty as It ts expectcd to retain its value over the period of ownership. Depreciation is calculated w as to writr off the costor valuation of an &ss¢4 It ils residual vb]u¢, over tbe vsefvl economic lifr of that 45sd ag follows: Equipment Inwmyements w priweny . 51Yhstrai8htline - 21rh Straight li Impairment of FL¥ed Awets A r¢vi¢w for indicaknrs of impairmeDI is carried out al each rep)rtin8datc. with the recoverable amount Ixing ¢IMad where such indicators cxist. Wher the CayIng value. cxcceds thc recoverable amoun4 the ass¢t is impaired a¢cordingly. Priry are also reviewed for rossiljle reversal ai each reportin8 da For the purposes of iesttn& wbeo tt is not $S1bk to estima the [verable amouni of an individu as5eL an estimatc is madc of the rccoverablc anKIw)L of thc ¢ash-8encraiJng unit lo whi¢h the asset bclon8s. The ¢h-generatin8 unit is ihc smallest ideniifiable gtoup of assets includes the agset and generntcs cash inflows that are largely indepeNlent of the ¢&sb i]w$ from other assets or groups of als. Flnan¢l81 lllstrnrnents A financial assel OT a financial liability is renIsed onlywhen the charity bccomc5 a party to the contractual provisions of the iosttiwL Basic flnancial instrwwls are it)itllY recognised at the aw-.ounl rcceivable or payable includin8 related tran¢tIOn costs. Curr¢nt 35%ts and ¢urrent liabilities arc subsequcDtly mraswl at th¢ rash or ottr ¢ortsidtrdtiOtt ¢xpetted io bc paid or received and oot discounted. Debt InstrUA are subsequentty measurd at allw)rtise41 COSL Oih¢r financial instruments. including derivaiives, are ithitially recognised ai fair value unless payment for an et is deferred beyond non1 bsInesS ternLS OT finaDced at a rate of thai is lloi mark¢i rate. in whieh cas¢ tb¢ ass¢E is Meas at the present valuc of th¢ fviure paYts discourttcd at a market rate of interest for # similar dcbt imlnunenL Other financial instn]rtts are subsequently at fair valu< with any chaoges reco8thised in the statement of finattcial a¢tivitie4 with (he cxception of tnstrJm¢nts in a desi)? hcdging relationship. Financial assets tha¢ are naSUred at ¢os¢orawTh)rtis¢d Cosi are reviewed for objective evidence of impairmeni at thE end of ¢h reporting date. Ef there is obj£ciive evidence of impairnKn¢ an ImpalmntIO55 is recogniscd under the appropriate beaditig in the statemCDt of fmaxial activiiies wbicb the itiilial gaitis was r¢cogmsed. 13
WorthinK Commuolty Partwershlp Company Llmited by Gu#rDte¢ No¢e$ to the FinAtial Statements (tothti•¥ed) Year EDded 30 June 2025 3 Ata)wnllmg PolScltS For all equity instruTll¢nts regordless of significance and other fjnancial ihai are ]Y1vIdually $tgnificanL these are assessed individually for irnpainttDL Other firwKiat assers are either assesse individually or 8rouped OD the basis of similar u¢dit risk ¢haracteristics. Any reversals of impairment are recowsed immediately. to the exwi thai tr¢ rev¢rsal do¢s noi result in a canying amount of th¢ fin3ncio1 asset thttt excceds wltht the ¢aYryiog amouttt wolltd have been bad the impairrnent not previously be¢n reCOlS 4. Llmited by Cuarntstse Thc ¢ompany is limid by guarantee and every memberof ¢onwiy undertakes to C4)ntribute an aThunt of £10 to the company's &8sets if il should bt wound up while they are a member or within one year after they ceas¢ be a member. for thc paymtnt of the company's.debts and lbIlli1eS contracd before they cease w bt a member of the ¢osts charges and expen%es of windin8 up and for tbe adjustment of the rights and cootributories among them1v¢s. If th¢ cotnp•Dy is wound up, alkr 811 its debts and liabiliii¢S have been satisfied ttr w¢maiDS any property. li sball not be paid to or distributed arno0 the thembe of the company but li shau be givett or transferred th som¢ other charity or&ssociaiion havin8 objects simrlaT lo the objecrs of the charitsble company. S. DonatloD5 knd L%xl# Restrickd Fund5 2025 Dontlons ¥•r¢8trkted Other In¢ome UAr¢stTifted DeslEn•t¢d legacy Dongtions nd SponsoTShip rtstrl¢ted Cot)myunity Chest RecyrliDg via WorthittB Borou8h C11 Pop-up recycling irKom¢ 538 538 5.718 5.718 Uwewicted FutKIs Totsl Funds 2024 Funds Dona¢ioTrs unrestritled 545 545 Other Income unrestricted De51gba¢td kga Donations and SptsDsof5hlp restrirt Cotnmunity Chest Recydiog via Worthing Bomugh cou11. . Popup re¢y¢ling incknn 743 743 10.927 10,927 10 27 14
Worthig CommvAlty hrtnernh5p Comphy Limlted by Gur44 Not¢4 to the Fittrtell Sttememts leothtinued) Y¢4r Ended 30 2025 Chritble Adivit1¢5 Totsl funds 2025 Totsl funds 2024 Unrestricted funds Rent Service Char8e 36.W9 36,999 36,999 36.999 Service charg¢ rccharg cover s¢rvi¢¢ char8¢ r¢charg¢d ¢osts Shorfall transferred to majorrcpair5 designated fimds -15.139 427 36 Service charge in¢ome is a recharge of servicecharge costs incurred on behalf of the 4j reimbursed from Ihe setvic¢ ¢har8¢. The wplus tran5fctT¢d to the nujor Tepair fimd is sIKywn as revcDUt and shortfall as wst. 7. InYestJDtDt Ineome Total nds 2024 Untcstricted Tolal fththds 21125 iytmtricted Bank int¢re5t rrttivable 538 S38 743 743 & Expenditure on Chri¢bk A¢tlvltiu by Attlvlty l¥pe Activities Supp Totsl Cullds Total filt 2024 direaly Cltarity support o)s¢s Community Chest Gtants Partnership fundirbg iws prior year unclaimcd grants Governanc¢ Cts 17.163 17.1 2J,269 15,775 15,987 21269 291 43,053 21,143 42.412 The org8nisats.ous that benefitted from CotillnwtyClwtGraDts atrfl PartiKthp durittg the year *re". Hanna FouDdatiOD . Figment hjts Go Youth ActLVIti¢8 Worfhing TEDxWorthin8 Tyler's mL4t . Worthing Choral Society Woodside Walking Football Seawecd Guy Between th¢ Blue and GTecD CIC Guid¢s.'3 Goring Guides Spring into Soul We51 Tarrin8 Mother's Union Tot Rockin, B¢ats.' Dad La Soul Friends of Homefield Park Wortbin8 Table Tennis Club Tarring Flood A£iion Group Debbie Stevens Wellb¢io8 CIC Next G¢DeraiioD Youth Projtct Aeorn Piegnan¢y Counselling Elite S)rts coackn.ng CIC Olly's Funl Hurnber Avenue Community AllothnIg CIC Tommy's Community Kitchett aThl Bakery CIC 15
WDrthlDR Community PrtMrship Comp8•y Umlted by Gu•r•nts¢ Notes ¢0 the FlnAn¢il S¢t¢tnets (eotttlnued) Y¢Ar£nded 30 2D2S 9. A••tysl$of Support Co Unrestricted Total 2025 Toral 2024 StatY¢osts (Notc 10) Printin& po$ra8e. miscella1) otYKe sw)plie& sthf)Atiy Advertisi maTketing and PTomotioos Accountin& inSUTan¢e, Iegal and ¢orylias¢ Trailli trdvel and costs IT and subscriplions PropcTty Managcment fte T¢l¢wrnmuni¢aiiort Depreciaiion 15,735 io 261 1&735 io 261 3,709 396 IW32 2J73 10.960 389 10,W2 396 1.032 2,873 1.415 2Kwll- 2.0(Ki 29,179 24,124 24.124 Ilj. lTrdepeDdeBt ex4mlttAtloo Fees 2025 2024 Fec Payable to th¢ Independent Examioer gr. Ind¢pendeni EXam1ttion of th¢ Statements Their sthndard charge of £6LKI i5 to be madc for the yearendEd JUD¢ 2025. 11. Staff Costs The tolal staff costs It employee benefits f?r the rep)ning period are analys¢da8 follows: 2024 Wge$ and saluies pe10n$ Total Stsff Costs 14.582 .10.750 15,735 10.960 The average head tounl of employees during the year w&8 one. The average number of full-time equivaleni enwloy¢es was half for 2024 and half for 2023. A Workplatt Pettsion khemc, with minimum legal quirement of 8% since April 2019 of wbi¢b th¢ employer is only Lthjigcd to pay 3% 15 in plxc. 2025 2024 Number of 12. Trusttt Rem•Der4tlon *nd gxpensts The charitabl¢ ¢ompany relies upon and grcatly appre¢iatrs the 8oodwll, time and cxrKrtisc offered by all volunteers. No remunernuon or other benefits from cnwloymertt with the charity or a Telated eniiry wer¢ received by tnJstees or other volunteers. 16
Worthlng Par¢D¢rship Company Llmited by Gurake Nfjles to the SttenDts (eontinutd) Year Ended 30 JuDe 2025 13. T•M8Aile Fixed As*ts Landand bui]dings Inyovements to Equiprntj Tothl At l Jul 2024 Additiolls ID y 30 Jun 2025 311J79 3.047 61.154 375580 61 Depreciation At I Sul 2024 Charge for ihe ycgr AI 30 June 2025 3.047 61,154 64201 047 Carrying Amount At 30 JU 2025 311J79 3llJ79 311.379 313J79 Al 30 June 2024 Deprcciation ¢harBed ai 2 in the yearon improvemEnts work that was comple1 in ju.2019 14. Debto 2025 2024 Recycling income deb Other Debtors Other property d¢btrffs and prepyrnits Tolal DtbtOTS 4259 15,556 23J66 29.OS4 19.815 15. Cr¢dStors: arnounts falling due wlthitt •mt y¢Ar 2025 2024 Community Chcsl 8rants awarded Jwt y¢1 paid Other creditors and accruals Total Cre41itots 9J54 12.093 IIL754 12,693 l& Credltl)fS: Amowllts fAUlng due within o¥)e ye 2024 17
Worthlftg CommuAIty Prthtrshlp Company Lirnffited by Cuar•ntte Notes to the Fln8nel•l St8temeTrts (¢on¢l•¥¢d) Year Ended 30June 21125 17. Analy of Chritble Funds UnrtrIcted fthmls At l July 2024 ttthme Expenditure T8rS At30J 2025 Gentr81 fiu Designated i¢pair5 fu1 D¢signai¢d 3 mortth fund Trdnsf¢r to cover r&stricied shortfall 440J30 41236 -24,124 457,442 -90 7299 -66,263 381.276 7399 -78.826 385,825 -12.563 -12,563 41236 -24.124 R&%tri¢ted fund5 At30Jw 2025 21>24 ExpeThJiture Tr?re Community Ch&st Grdni fuThl Transfer to cover rtstr¥cd shthll - 66,263 66263 5.718 -18,281 -78.826 78.826 12.563 12.563 5.718 -18281 R¢cy¢lin8 income bmds the Community Chest Rcstrictrd fvnd from which the charithblc rompany makes awardg of small grants up io £1.51X), Grass roots grants OL UP to £75ii and Seed grants of up £250 to help local coiiimunity wups, projects and lo¢al event* A list of the organisations benefittiDg from awards in the past year is in notc 8 to these finan¢ial stslents. Fwther details aye available on reqLuL 18