Charity règistration numbgr 1100911 Company règlstration number 04740185 (England and Wal8sI JOHN POUNDS COMMUNITY TRUST LIMITED IUMITED BY GUARANTEEI ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees A Barrett P C Goodship B Lloyd Payne ACNorth G E Perryman Secretary P C Goodship Senior management P C Goodship Chair Charity nurnber 1100911 Company number 04740185 Principal address The John Pounds Centre 23 Queen Street Portsea Hants Portsmouth P013HN Roglster&d offl¢g The John Pounds Centre 23 Queen Street Portsea Hants Portsmouth P013HN Independent examlner Carpenter Box 53 Kent Road Soulhsea Hampshire United Kingdom P05 3HU Bankers CAF Bank Limited 25 Kings Hill Avenue Wesl Malling Kent ME19 4JQ Sollcltors DMH Stsllard Griffin House 135 High Street Cra¥Mey Wesl Sussex RH101DQ
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) CONTENTS Page Trustees report Independent examinerfs report statement of financial activities Balance sheet Stslemenl of cash flows 10 Notes lo the financial statements
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial slalements and comply with the Irusl's Memorandum and Articles of Association, the Companies Act 2006 and 'Accounling and Reports"ng by Charities." Stslemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. Objectives and activities Charitable ob'ectives The Trust's objects are.. To advance education and lo provide facilities for social, recreational and creative leisure time opportunities for the people of Portsmouth, particularly in the area known as Portsea, in co-operation with the residents of the area, the local authority and voluntsry and other organisalions wth the object of improving their conditions of life,. and To establish, maintain and manage the John Pounds Centre in liaison with other voluntsry and slalulory bodies and to promote community involvement in such management. There has been no change in these during the year. Aims of the Trust The Trust shall contribute lo the on-going regeneration of Portsea and the surrounding area by improving the economic and social well-being of the community. The Trust achieves this by providing a range of services, aclivilies, infomiation and advice lo individuals and local businesses particularly social enterprises and sole traders through the provision of the community centre and Treadgolds. ensuring there is a safe and relaxing environment for all who attend. The overall objective shall be lo promote.. Self esteem., Health and Well-being, Sport and Fitness through the provision of sporting facilities., Entrepreneurship and the creation of local businesses supported by affordable serviced offi space,. Lifelong learning, training and personal development, Arts and culture," and Community services directly and through the Trust's Partners. Publio b&n&fit The trustees have paid due regard to guidan iSSLJed by the Charity Commission in deciding what activities the trust should undertake.
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Activities The Centre continues lo host a wide range of activities and tenants, generating steady income. Regular and returning users.. Trinity College, Viva Gym Club, Christ Central Church, Princes Trust, Solent Mind, Society of St James, NHS Trusts, HIVE Portsmouth, and Tertulia Language School. New uses.. Wellness and dance classes linduding Forro, a Brazilian community dance). Weddings and private lebratIonS in the main hall and café. Filming and pholDgraphy sessions through Puretech and Photoworks. Conferences and training Including NHS Inclusion team, Brockenhurst College, and Portsmouth Hospitals University NHS Trust events. Tenants". Aldingbourne Trust Cafè & Banqueting Service continues lo thrive, improving the centre's offer lo visitors and hirers. NHS Research Hub remains bul faces uncertainty beyond March 2025 due to funding changes. Swan Advocacy renewed tenancy within the Hub. Achlevements and perfomian¢e Significant activities and achievements against objeclwes The 2024-25 year has been one of steady delivery, financial restraint, and strategic planning for the John Pounds Community Trust. Despite significant cost pressures, the Trust has maintained a full programme of community activity, supported partner organisations, and conb'nued to operate two major community buildings.. the John Pounds Centre and Treadgolds Heritage Site. Both facilities remain vital in the Portsea area, providing affordable space for health, education, arts, and social aclivilies. Trustees, staff, and volunteers have worked hard to balance financAal sustainability with the Trust's core charitable mission of inclusion, opportunity, and wellbeing. The Trust continued lo provide and host a diverse community programme with direct and indirect impact across Portsea and wder Portsmouth. Youth and Family Programmes Youth Gym Inductions introduced in partnership wth the youth service lo encourage fitness participation. HAF Pompey Summer Programme provided 3 weeks of free activities and meals for 5-12 year olds, averaging 25 children per day. Cultural and Creative Work Photoworks 'Photography Champions" initiative hosted at Treadgolds, engaging local photographers in exhibitions, talks, and community dialogue. We Shine Festival and othèr exhibitions brought new audiences lo Treadgolds. Brazilian Dance IForrOI sessions develOd into a regular, inclusive community event. Local Engagement PCC Community Champions Programme facilitated resident workshops focusing on health, awareness. community, and young people. JPCT contributed local insight and identified opportunities for collaboration. MAKE and the Nursery partnership continued lo ellhan the community garden.
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial raview The Trust reported a nel dèficit for the year of £145,443 comprising a surplus on unreslricled gèneral funds of £93,058, 8 deficit on unrestricted designated funds of £198,668, and a defi¢il on restricted funds of £39,833. This compares with a surplus of £1,485 on lolal funds for the year ended 31 March 2024. At 31 March 2025 fund balan5 carried forward comprised general unrestri¢ted funds in surplus of £97,506, designated funds in surplus of £8,927 and restricted ftjnds in surplus of £420,024. ReseNes polioy 11 is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Iruslees consider that reserves al this level will ensure that, in the event of a significant drop In funding, they wll be able to continue the trust's current activities while consideration Is given lo ways in which additional funds may be raised. This level of resètves has not been maintained throughout the year. In the short term the trustees would be able to access the Designated funds lo the exlenl that they have not been spent bul this is far from ideal. Al the year end unrestricted reseNes lex¢luding fixed asset designated fund) amounted to £103,166, covering 3.8 months of expenditure after excluding costs which will not be incurred in future period. Going Concem As mentioned in previous years the Trust has been in negoliation with Portsmouth City Council, the freehold owners of the John Pounds Community Centre, rith the hope of reaching a sab'sfactory financial arrangement to address the escalating cost of operating the Centre much of which had arisen from the City's failure to adequately maintain the Centre and observe its leasehold obligations in this respect. While it had looked likely during much of 2024 that such an arrangement would be secured the City eventually concluded, following a thorough detailed analysis of the oulslanding maintenance required lo address the problems, that il was unable lo afford to fund the backlog of maintenance which amounted lo several million pounds. As a result the Trust and City agreed an arrangement whereby the Trust would transfer the business of operating the Centre to the City Council and this took effect from 1 April 2025. This has left the Trust with a significantly reduced overhead on the one hand and Treadgolds on the other from which it can undertake ils charitable work. On this basis the trustees consider the charity lo be a going COnrn. Pnncipal fvnding SoUS Funding activity has been diverse, tsrgeling small and medium-sized grants for arts, health, and building sustainability. Key submissions.. Holidays Activity and Food Portsmouth- for children's holiday activities. Heritage Lottery Fund- Development Grant- Treadgolds- supporting surveys and business planning. VCSE Energy Efficiency Scheme- LED lighting upgrade. Household Support- lo support food services with the purchase of a new van.
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Major risks The trustees are responsible for ensuring that there are effective risk management systems in place alongside internal controls lo manage the major risks. The trustees continually assess the major risks to which the trust is exposed and where appropriate systems or prlxedures have been established to mitigate the risks the trust face. The trustees are satisfied that systems are in place to mitigate exposure to the major risks. The significant majority of risks are reviewed as a matter of routine e.g. staff movements, safeguarding, financial performance, competition, government policy, health and safely elc wlh any other being raised through board mèetings. External risks to funding are reviewed regularly while new sources of funding are sought lo continue lo grow existing projects. This is undertaken by the finance team. Intemal control risks are minimised by the implementation of procedures for authorisation of transactions and projects. Plans for future perlods Looking ahead, the Trust's focus will be on securing a financially and operationally sustainable model with partners. Priorities include-. Expanding commercial income through venue hire and banqueting. Completing the Treadgolds Renaissance Proje¢l and preparing a nexl-slage funding application. Deepening community partnerships, especially around health, wellbeing, and youth engagement. The operation of John Pounds CDmmunty Centre is continuing but with effect from 1 April 2025 is the responsibility of Portsmouth City Council. The Board remains confident that, with continued collaboration and prudent management, the Trust wll emerge stronger and more resilient in the coming year. Structure. governance and management Governin Document The Trust was incorporated on 22 April 2003 and is a private company limited by guarantee (Company number 047401851. The Trust is also a registered charity (Number 11009111. The Registered office and principal address of the charity is The John Pounds Centre, 23 Queen Street, Portsea, Portsmouth, Hampshire, P01 3HN. The Trust is governed by i(s Articles and Memorandum ofAssocialion which grant wide powers of investment lo the Trustees. The trustees, who are also the directors for the purpose of company18w, and who served during the year and up to the dale of signature of the financial stslemenls were". A Barrett P C Goodship B Lloyd Payne ACNorth G E Perryman A J Pottinger A Mortlock L M Wlder (Resigned 10 October 20251 (Resigned 31 January 20251 (Resigned 31 January 20251
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Recmilment and appointment of trustees The Trust requires a minimum of 5 members who can be nominated by a number of prescribed local organisalions. Ultimately the decision as to whether or not lo appoint a new member rests with the Trustees. Trustees attend an annual Strategic Away Day whi¢h focus on the obligations of the trustee within the Charity sector. The Trustees also have access to induction training provided through an extemal training provider and continued online training through the Charity Commission website and solicitor newsletters. Safeguarding The Trust is committed lo ensuring robust safeguarding arrangements lo protect all vulnerable people including children, young people and disadvantaged young adults, who use the cenlre, from harm. Staff (including volunteers and ttusleesl receive Information regarding the Trust's Safeguarding Policy, ongoing training and checks for criminal records before they have unsupervised access lo children or vulnerable people. Any Safeguarding or Child Protection incidents are reportable lo the Centre Director who wll lake the necessary action as required. The following guidelines are followed lo facilitate this Safeguarding Policy.. Child protection & police checks procedure,. Employment procedure (References and DBS checks)., Portsmouth City Council's Code of Practice for Vvorking with Children,. and Hiring Procedure linc. checking qualifications and DBS checks on groups hiring centre facilitiesl. The Trust undertook a review of its Sageguarding and DBS procedures, with a new Trustee safeguarding lead to be confimied. Qualifying Ihirdparty indemnilypn)vlsns The Trust maintains insurance policies on behalf of all the trustees against liabilty arising from negligen, breach of duty and breach of trust in relation lo the Trust. Membets obligations None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee lo Contribute £1 in the event of a winding up. Organisalional slwclur8 The Trustees, who are also directors, delegate the day-to-day operation of the Centre to the Centre manager, and staff. Within the John Pounds Centre, the organisation is divided as follows.. Operations team three Centre supervisors responsible for cleaning staff and managing operational aspects of the building., Management team responsible for the receplionisls, marketing and promotions of the Centre and its activities and Coordinating major events., Finance Assistant., Gym Instructors., and Coaches and Project workers. The trust also sources regular external bookkeeping support. These functions report directly lo the Centre Manager. Significant decisions require a report to be written by the Centre Manager and presented to the Board of Trustees for voting, before any action is taken. The approval of all contracts must be signed by the Chair and one other trustee.
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Relationship with widernelwork The Trust's collaborative ethos remains central to its success. Key partners this year included.. Portsmouth City Council IHousing, Community, and Energy teams) Aldingbourne Trust (café and catering) Groundwork South (energy assessmenti Pholoworks and Aspex Gallery (arts collaboralionl Solenl NHS Trust and Portsmouth Hospitals University Trust Princès Trust, Solenl Mind, and HIVE Portsmouth These partnerships have strengthened the Trust's reputslion as a practical, well-connected delivery hub for social impact in Portsmouth. The trustees report was approved by the Board of Trustees. P C Goodship Trustee Date..
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JOHN POUNDS COMMUNITY TRUST LIMITED I report lo the trustees on my examination of the financial slalements of John Pounds Community Trust Lirnited (the trust) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the trust land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial slalements in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Act). Having satisfied myself that the financial slalemenls of the trust are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the trust's financial statements carried OLJt under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Indepgndent examlngrfs stalement Since the trust's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered A¢counlanls in England and Wales, which is one of the listed boLlies. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect". accounting records were not kept in respect of the trust as reqLJired by section 386 of the 2006 A¢l', or the financial slalements do not accord with those records., or the financial slalemenls 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 maller Considered as part of an independent examination., or the financial slalements have not been prepared in accordance wth the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with thè Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this port in order lo enable a proper understanding of the financial slalements lo bè reached. Timothy Millett FCA Carpenter Box 53 Kent Road Southsea Hampshire P05 3HU United Kingdom Dated..
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restrlcted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds fund$ 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Charitable activities Investments 413,056 275,361 3,336 120,905 533,961 275,361 3,336 356,928 287,818 4,025 150,726 507,654 287,818 4,025 Total income 691,753 120,905 812,658 648,771 150,726 799,497 Charitable activities Other expenditure 768,472 33,079 128,209 28,341 896,681 61,420 697,950 100,062 798,012 12 Total expenditure 801,551 156,550 958,101 697,950 100,062 798,012 Net incomellexpenditurel 1109,7981 {35,6451 1145,443) 149,1791 50,864 1,485 Transfers befvleen funds 14 4,188 14,1881 31,155 131,1551 Net movement In funds 1105,6101 {39,8331 1145,443} 118,024) 19,509 1,485 Reconclllatlon of fund$: Fund balances al 1 April 2024 212,043 459,857 671,900 230,067 440,348 670,415 Fund balances at 31 March 2025 106,433 420,024 526,457 212,043 459,857 671,900 The $18temenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from ¢onlinuing activities.
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 15 412,562 443,798 Current assets Debtors Cash at bank and in hand 16 55,879 150,604 28,890 284,841 206,483 313,731 CreditoTr: amounts falling due within one year 17 92,588 85,629 Net current assets 113,895 228,102 Total assets less current liabilitios 526,457 671,900 The funds of the trust Restricted income funds Unrestricted funds 19 20 420,024 106,433 459,857 212,043 526,457 671,900 The company is entiued to the exemption from the audit requirement wntsined in secb'on 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an aLJdit of its financial statements for the year in qLJestion in accordance with section 476. These financial ststemenls have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. The financial stslemenls were approved by the Iruslees on . P C Goodship Tru$teg Company registration number 04740185 (England and Wales)
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng actlvltles Cash (absorbed byllgeneraled from operations 24 {81,6011 17,178 Invg$tlng a1¥111$ Purchase of tangible fixed assets Interest received 155,9721 3,336 128,2601 4,025 Net cash used in investing activities 152,6361 124,2351 Net cash used in financing activities Net decrease in cash and cash equivalents 1134,2371 17,057) Cash and cash equivalents at beginning of year 284,841 291,898 Cash and cash equlvalents at end of year 150,604 284,841 10-
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity inforniation John Pounds Communty Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The John Pounds Centre, 23 Queen Street, Portsea, Hanls, Portsmouth, P01 3HN. The principal place of business is Treadgold, 1 Bishop Street, Portsmouth. P013DA. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the trust's MemorandLJrn and Articles of Association, the Companies Act 2006 and Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191 The trust is a Public Benefit Entity as defined by FRS 102. The financial slaternenls are prepared in sterfing, which is the functional currency of the trust. Monetary amounts in these financial stslemenls are rounded lo the nearest £. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern Al the lime of approving the financial slatemenls, the trustees have a reasonable expectslion that the trust has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of aontIng in preparing the financial stslemenls. The Iruslees financial projections have tsken into account the ongoing impact of the loss in unreslricled funds. However, the active pursuit of new sources of income and the current level of unreslricled reserves, excluding fixed asset designated fund, have enabled the Iruslees to satisfy themselves that the trust iemains a going concern. 1.3 Charitabl8 funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated ftjnds are set out in the notes to the financial slalements. Reslricled fijnds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial slalements. 1.4 Income Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless perfomance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised al the time of the donation. Donated services and facilities are induded at estimated market value being the estimated values of the ServIS or facility received. Grants re1vble from govetnment and charitable foundations ale taken to income when the conditions for receipt are mel. Grants are deferred if the donor specifies that the expenditure musl be incurred al a later dale.
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnuedl Deferred income represents amounts received for future periods and is released lo incoming resources in the period for which il is receivable. Membership subscriptions are recognised when reived. 1.5 Expenditure Charitable expenditure comprises those costs incurred by the Trust in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated diredy to such activities and those costs of an indirect nature necessary to support them. Govemance costs include those costs associated with meeting the conslitulional and slatulory requirements of the Trust and include the audit fees and costs linked to the strategic management of the Trust. I costs are allocated directly beeen the expenditure categories of the accounts on a basis designed lo reflect the use of the resource. 1.6 Tanglblg flx9d a$$gts Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their usefLJI lives on the following bases.. Land and buildings Plant and machinery Fixtures, fittings & equipment Computers Motor vehicles Phase one- Over 5 years Phase two- Over 50 years 250/0 Reducing balance 25% Reducing balan 33.330/0 Straight line 250/0 Reducing balance The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets Al each reporting end date. the trust reviews the Carrying amounts of its tangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held al call wth banks. other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 12-
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnuedl 1.9 Flnanclal Instruments The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Seth'on 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the trust's balance sheet when the trust becomes party lo the conlraclual provisions of the Inslrumenl. Financial assets and liabilities are offset, wf(h the net amounts presented in the financial slatemenls, when there is a legally enforceable right to set off the recognised amounts and there is an intention to sellle on a nel basis or to realise the asset and setue the liability simLJltaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing Ir8nsaclion, where the transaction is measured at the present value of the future receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrLJment is measured at the present value of the fijture payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequendy carrieLI al amortised cost, using the effective Interest rale method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al transaction price and subsequendy measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Irusl's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday enliuement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the trust is demonstrably committed lo terminate the employment of an employee Dr to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 13-
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the application of the Irusl's accounting policies, the trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual resu115 Tnay differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and ftjture periods where the revision affects both current and future periods. In¢omg from donatlons and 19gac19$ Unrestrlcted Restrlctod funds funds 2025 2025 Total Unrestrlcted Restrlcted funds funds 2024 2024 Totsl 2025 2024 Donations and gifts Core funding grants Donated goods and services 2,853 125,412 2.853 246,317 4.046 68,091 4.046 218,817 120,905 150,726 284,791 284,791 284,791 284,791 413,056 120,905 533,961 356,928 150,726 507,654 Grants recelvable for core actlvltles Portsmouth City Council - Core grant Portsmouth City Council - Service charge grant The National Lottery Hampshire and Isle of Wight Community Foundation HIVE European Regional Development Fund Partnership Foundation Portsmouth City Council Groundwork UK 43,126 43,126 43,126 43,126 82,286 82,286 37,737 24,965 24,965 113,475 37,737 113,475 4,950 4,950 5,000 5,000 8,301 300 23,850 8,301 300 23,650 51,470 26,748 51,470 26,748 125,412 120,905 246,317 68,091 150,726 218,817 Donated goods and servlces The Trust occupies premises provided by Portsmouth City Counal IPCCI. In addition PCC maintain the structure of the building. These benefits which have been quantified in the sum of £284,791 have been included as both income and expenditure in the accounts, the former on the basis of an estimate of commercial rent, the latter according to planned maintenance survey figures. 14-
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Incoming resources from charitable activities Communlty Communlty support support facllltles facilities 2025 2024 Farylities hire 275.361 287,818 Charltable Income The Trust's main aclivty is the provision of a community centre with income generated through the hire of the faalities by community groups, residents and medical providers. Income from investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 3,336 4,025 Expendlture on charltable actlvltles Community Community support support faGllltles facllltles 2025 2024 Dirèct costs Staff costs Depreciation and impairment Activity and coaching costs 233,700 25,788 29,411 232,834 26,698 39,416 288,899 298,948 Share of support and governance costs (see note Bl Support Governance 491,588 116,194 489,467 9,597 896,681 798,012 Analys1$ by fund Unreslricled funds Restricted funds 768,472 128,209 697,950 100,062 896,681 798,012 15-
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Description of charitable activities Communi su ort facilities Through the provision of a community centre, the Trust offers health and wellbeing support to the local community and the hire of its facilities lo various groups and organisations. Support costs allocated to activities 2025 2024 Operating lease charges Premises costs AdministratlDn Staff related costs Finance costs General expenditure Governance costs 5,432 444,645 31,049 2,137 2,010 6,315 116,194 5,008 444,968 30,286 2,417 1,870 4,918 9,597 607,782 499,064 Analysed between: Comrnunty support facilities 607,782 499,064 The Iruslees consider that all support and governance costs should be allocated lo the charitsble activities of the Trust. Support costs include payments to the auditor of £20,100 12024- £21,600) for management a¢Unts.ng and bookkeeping servIs. Net movement in funds 2025 2024 Nel movement in funds is slated after chargingllcredilingl Fees payable lo the company's auditor for the audit of the company's financial slalements Depreaalion of owned tangible fixed assets Loss on disposal of tangible fixed assets Operating lease charges 6,425 25,788 61,420 5.432 6,261 26,698 5.008 10 Trustees None of the trustees lor any persons connected with them) reiVed any remuneration during the year, and none of them were reimbursed expenses12024- none were reimbursed}. During the year the Trust paid, as part of ils Insuran Costs. a proportion in respect of insurance to protect the Trust from loss arising from the neglect or defaults of its Trustees and indemnify the Trustees against consequen$ of any neglect or default on their part. 16-
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 11 Employees The average monthly number of ernployees during the year was.. 2025 Number 2024 Number Charrtable 14 Employment costs 2025 2024 INages and salaries Social security costs Other pension costs 213,505 16,168 4,027 213,941 15,012 3,881 233.700 232,834 There were no employees whose annual remuneration was more than £60,000. Rgmun8ration of koy managomènt p&rsonn81 The remuneration of key management personnel is as follows. 2025 2024 Aggregate compensation 50,566 50,557 12 Other Unrestrlcted Restrlcted funds funds 2025 2025 Total Total 2025 2024 Nel loss on disposal of tangible fixed assets 33,079 28,341 61,420 13 Taxallon The income of the Trust is exempl from charge lo tsx in accordance with the provisions of the Corporation Tax Act 2010 and the Taxation of Chargeable Gains Act 1992. 14 Transfers A total transfer of £3,777 was made to unrestricted funds from various restricted funds during the year representing rent, room hire and administration fees for running projects. Additionally. a transfer was made from Fixed Asset restricted fund lo Fixed Asset designated fund of £411 representy'ng the net book value of assets whose restriction condity'on has been completed. 17-
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 15 Tangible fixed assets Land and buildings Plant and machinery Fixtiire5, ffttings 8 equipment Computsrs Motor vehicle5 Total Cost At 1 April 2024 Additions Disposals 429,362 137,396 57,458 26,748 180,3451 26,227 430 117,5571 12,900 28,794 663,343 55,972 1232,3001 1134,3981 Al 31 March 2025 429,362 2,998 3,861 9,100 41,694 487,015 Depreclatlon and Impairment Al 1 April 2024 Depreaation charged in the year Eliminated in respect of disposals 40,502 118,257 25,613 22,954 12,219 219,545 8,271 4,784 9,076 2,887 770 25,788 1121,4131 132,3161 117,1511 1170,8801 Al 31 March 2025 48,773 1,628 2,373 8,690 12,989 74,453 Carrying amount Al 31 March 2025 380,589 1,370 1,488 410 28,705 412,562 Al 31 March 2024 388,860 19,139 31,845 3,273 681 443,798 16 Debtors 2025 2024 Amounts falling due within one year- Trade debtors Other debtors Prepayments and accrued income 42,674 5,250 7,955 10,604 5,048 13,240 55,879 28,890 18-
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 17 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other creditors Accruals and deferred income 37,862 15,817 38,909 37,722 15,915 31,992 92,588 85,629 Included within other creditors are monies held as agents. John Pounds Coummunily Trust have no input into the generation of income or expenditure of these ftjnds. they are merely holding the money on behalf of a third party. The following is an analysis of monies held as agents.. Movement In funds Incoming Resources resources expended Balance at 1 April 2024 Transfers Balance at 31 March 2025 Top Tots 317 1981 219 317 1981 219 18 Retlrement beneflt schemes Defined contribution schemes The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered ftjnd. The charge to profil or loss in respect of defined contribution schemes was £4,02712024- £3,881). 19-
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JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 20 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These Indude designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 Renewals fund Social Enterprise fund Project closure costs fund Gunwharf COVID recovery fund Foodcycle fund Food Portsmouth fund Holiday Activity fund Fixed Asset fund General funds 118,766 10,000 15,934 157,1941 161,5721 110,0001 115,9341 12,5001 11,4521 2,500 2,767 2,164 6.299 1,761 49.904 4,448 11,3151 17561 353 1,761 3,899 12,4001 11,0451 841 98,250 1,837 12,5531 147,4781 1692,2551 3,267 97,506 687,063 212.043 691,753 1801,5511 4,188 106,433 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Renewals fund Social Enterprise ftjnd Project closure costs fund COVID recovery fund Foodcycle fund Food Portsmouth fund HolidayActivily fund Neighbourly fund Fixed Asset fund General funds 151,641 10.000 15,934 2,997 2,204 7,576 675 3,000 125,8911 19,9841 118,766 10.000 15,934 2,767 2,164 6,299 1,761 12301 11,0861 11,2771 1,046 2,586 500 11,5001 15001 116,6911 1852,2751 38,691 349 27,904 14,735 49,904 4,448 641,e39 230.067 648,771 1697,9501 31,155 212,043 -23-
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 20 Unrestrlcted funds Icontlnuedl Renewals fund The renewals fund was sel up lo cover the cost of replacing computers and equipment based on a 10 year renewal programme, which was essential for the Centre. At the year end this fund balance was transferred to general funds as no longer operating at the Centre due to the move of premises. Social Enter rise fund The social enterprise fund was to assist the development of business established by local residents within the Centre. At the year end this fund balance was transferred lo general funds as not longer operating al the Centre due lo the move of premises. Pro ecl Closure Costs fund The project closure cost fund enabled the Trust to continue to provide seNices for a period beyond that covered by the grant, whilst actively seeking new sources of funding. At the year end this fund balance was transferred to general funds as not considered necessary due to limited projects ongoing. Gunwharf A donation provided by Land Securities Properties Limited used against the running costs of the Cenlre. COVID Recove fund Funding sel aside to help with transition back lo normal centre services over five years. Foodc cle fund This fund has been sel aside to support the ongoing operation of the foodcyde project through donations and ¢onlribulions from 'kilchen takeovers" and fundraising by the Trust. Food Portsmouth fund This fund has been sel aside to help support future workshops and events in the comrnunty and is funded by donations and fundraising by the Trust. Holida Aclivil fund Through additional contributions, this fund will help lo support school children wlh meals and activities during school holiday periods. Nei hbourl fund Funds provided lo support warm spaces over the winter period for local residents. Fixed Asset fund This fund is an amount equivalent to the net book value of unreslricled fixed assets. General fund These funds can be used for any purpose lo further the objectives of the charty. 21 Analysis of net assets between funds Unrestricted funds 2025 Restrictsd funds 2025 Total 2025 Fund balances at 31 March 2025 are represented by- Tangible assets Current assetsllliabililiesl 3,267 103,166 409,295 10,729 412.562 113,895 106,433 420,024 526,457 -24-
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 21 Analysls of net assets between funds Icontlnuedl Unrestrlcted funds 2024 Restrlcted funds 2024 Total 2024 Fund balances at 31 March 2024 are represented by: Tangible assets Current assetsllliabililiesl 49,902 162,141 393,896 65,961 443,798 228,102 212,043 459,857 671,900 22 Operating lease commitments Lessee Al the reporting end date the trust had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2025 2024 Ilhin one year 854 Lessor The operating leases represent subleases to third parties. The leases are negolialed over terms of 1 year lo 10 years and rentals are fixed over the term of the lease. All leases are not continuous al their end dale and musl be renewed to allow continued occupation. Al the reporting end date the lotsl future minimum sublease payments expected to be received under non- cancellable subleases was 2025 2024 Ilhin one year 4,556 23 Related party transactions Transactions with related parties During the year the trust entered Into the following transactions Tmth related parb"es.' Christ Central Church. a charitable company for which A North is CEO, hired facilities amounting to £21,298 from the charity. The hire of these facilities occurred whilst trustee lo the charity. -25-
JOHN POUNDS COMMUNITY TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Cash generated from operations 2025 2024 IDeficitl/surpus for the year 1145,4431 1,485 Adjustments for". Investment income recognised in statement of financial activities Loss on disposal of tangible fixed assets Depreciation and impairment of tangible fixed assets 13,3361 61,420 25,788 {4,0251 26,698 Movements in working capital.. Ilncreaselldecrease in debtors Increaselldecreasel in creditors 126.9891 6,959 8,622 115,6021 Cash labsorb9d byllggn9ratgd from op9ratlon$ 181.6011 17,178 25 Anatysis of changes in net funds The trust had no material debt during the year. -26-