REGISTERED COMPANY NUMBER: 04328889 (England and Wales)
REGISTERED cHAlU￿ NUMBER: 1105027
REPORT OF THE TRUSTEES AND
UNAUDrrED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
SOUTHWATER AREA COMMUNITY CENTrE
Ashdown Hurffy
Charte￿d Accountsnt & Buslness Advlser5
20 Havelock Road
Hastings
East Sussex
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soirrHWATER AREA COMMUNITY CENTRE
CONTENTS OF THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
Independent Examiner's Report
statement of Flnanclal Artivities
Balance Sheet
Notes to the Financial Statements
6 to 11

soimiwATER AREA COMMUNITY CENTRE (REGIsfERED NUMBER: 04328889)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are al￿ directors of the charty for the purposes of the Companies Act 2006, present their report
with the flnancial statements of the charity for the year ended 31 March 2024. The tru5tee5 have adopted the
provlslons of Accountlng and Reportlng by Charities: Statement of Recommended prattl￿ applicable to charitles
preparing thelr accounts In accordantr wlth the Financial Reporting Stsndard applicable in the UK and Republic of
Ireland (FRS 102) (effective l January 2019).
OBJEcfIvES AND AcfIvITIES
Objectives and Alms
The primary objettlve Is to establish the cc*mmunty ￿nt￿ to promote the benefft of the inhabltants of the southwater
renewal area and surroundlng area and the neIghbourho￿ wlthout distinction of sex, sexual orlentatlon, ra￿ or of
polhtlcal, religions or other opinions, by assoclating together the said habltants and the local authorltles vduntary and
other organlsatlons in a common effort to advance educatlon and to provlde facllities in the Interest of sodal welfare
for recreatlon and other le15ure time wcupation with the object of Impn)vlng the condluons of Ilfe of the said
Inhabitsnts.
Grantmaking
The charlty objectives are such that dlrert grants are not made as the chartty alms to provlde a servlce to the
communty.
ACHIEVEMENT AND PERFORMANCE
Charitsble Actlvities
The company has achleved its maln oblectlve In contlnuing to run the communlty centre. The ablllty to Increase the
scope of Its attivities will depend upon the avallabllty of fundlng In future years.
FINANCIAL RE￿eW
Reserve$ Pollcy
The reserves policy polty 15 to ensure that the twstees have a reserve of £30,000 to be carried in a deslgnated fund,
to ensure that the ￿ntre has sufflclent ￿serveS in Pla￿ to cover any potentlal downturn in its Income stream and to
cover any ongolng Ilabllltles that arlse from such an event for at least elghteen mnths. Any surplus over the £30,000
is to be held in the general Un￿strICted fijnd.
sTrucfuRE, GOVERNANCE AND MANAGEMENT
Govemlng document
The charity Is controlled by its governlng dccument, a d&d of trust, and constitutes a Ilmlted companyi limited by
guarantee, as defined by the Companles Art 2006.
Recruitment and Appointment of New Trustees
Any new appointments are at the recommendation of the board and may be any person who is wllllng to work for the
charity's objectfves and whom the members of the board feel will be able to perform both their legal and professional
respon%bilitles under charity and company law.
Induction and Tralning of New Trustees
In the vlew of the board all the tru5tecs under*and the nature of the charity and fully comply with the charlty's
current views of its progresslon. They are aware of both their legal and professlonal respon5ibllltles under the charlty
and company law. The p￿sent board would look to make this knowledge available to any prospective new board
member to enable them to dlscharge thelr responslbllltle5 fully.
Related Partie$
There were related paty transactions durlng the year.
REFERENCE AND ADMINisfRATIVE DEfAILS
Re9iStered Company number
04328889 (England and Wales)
Reglstered Charlty number
1105027
Reglstered office
20 Havelock Road
Hastings
East Sussex
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Page I

SOUTHWATER AREA COMMUNrrY CENTRE (REGI￿ERE0 NUMBER: 04328889)
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
P W Pragnell
N C Sinden
N P Terdre
E Farkas
K J Towner (resigned 6.6.23)
Independent Examiner
S Rosling FCC4
Ashdown Hurrey
Chartered Accountsnt & Bu51ne55 Advlsers
20 Havelock Road
Hastings
East sussex
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Approved by ord r of the board of trust&s on ....
and signed on its behalf by,.
P W Pragnel
- Trustee
Page 2

INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF
SOUTHWATER AREA COMMUNITY CENTRE
Independent examiner's report to the trustees of Southwater Area Communlty Centre ('the Company,)
I report to the charty trustees on my examination of the accounts of the Cclnpany for the year ended 31 March 2024.
Responslb511ties and basis of report
As the charity's trusiees of the Company (and also Its direttcKs for the purpose5 of (C￿panY law) you are reswnsible
for the preparatlon of the acmunts in accordan￿ with the requlrements of the Companles Act 2006 (Ihe 2006 Act,).
Having satlsfied myself that the accounts of the Company are not requlred to be audited under Part 16 of the 2006
Att and are eligible for independent examination, I report in resFett of my examirkltion of your charity's accounts as
carried out under Sectlon 145 of the Charltles Act 2011 ('the 2011 Att,). In carryin9 Out my examlnauon I have
followed the Directlons given by the Charlty Commission under Settion 145(5) (b) of the 2011 Att,
IrKlependent examlnerfs statsment
I have completed my examlnation. I conflm that no matters have come to my attentlon In connectlon wlth the
examlnation givlng me cause to belleve:
accounting record5 were not kept in respett of the Company as required by Sectlon 386 of the 2006 Act. or
the accounts do not accord wlth those records,. or
the accounts do not ccmpty wlth the accountlng requirements of Section 396 of the 2006 Att other than any
requlrement that the accounts glve a true and falr vlew which is not a matter consldered as part of an
Independent examlnatlon,. or
the accounts have not been prepared In ac£ordance wlth the meth&Js and prlnclples of the Ststement of
Recommended PrartI￿ for accountlng and ￿pOrtIng by dBrltles (applicable to charltles preparing thelr
accounts In accordance wlth the Financlal Repcrting Stsndard applicable In the UK and Republlc of Ireland
(FRS 102)).
I have no COn￿rnS and have ccffie across no other matters In connectlon with the examination to whlch atten￿on
should be drawn in thls report in order to enable a proper understanding of the accounts to be reached.
S Rosllng FCCA
hshdown Hurrey
Chartered Accountant & Business Advlsers
20 Havelock Road
HastSngs
East Su55ex
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Date: ...,........
Page 3

SOUTHWATER AREA COMMUNITY CENTRE
srATEMENT OF FINANCIAL Aa]VITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
Totsl
funds
31.3.23
Totsl
funds
Unrestritted
funds
Restrltted
funds
Notes
INCOME AND ENDOWMENTS FROM
Erjnatlons and legacies
660
10,355
11,015
8,914
Other tradlng activities
Investment income
39,756
505
39,756
505
31,993
146
Totsl
40,921
10,355
51,276
41,053
EXPENDITURE ON
Raising funds
19
30
49
82
Charitable artlvlties
Charitable Activitie5
43,114
6,753
49,867
46,605
Total
43,133
6,783
49,916
46,687
NET INCOMEI(EXPENDrruRE)
Transfers between funds
(2,212)
(4,983 }
3,572
4,983
1,360
{5,634)
13
Net movement In funds
(7,195)
8,555
1,360
(5,634)
RECONCILIATION OF FUNDS
Totsl funds brought forward
36,526
3,599
40,125
45,759
TOTAL FUNDS CARRIED FORWARD
29,331
12,154
41,485
40,125
The notes fom part of these flnanaal statement5
Page 4

SOUTHWATER AREA COMMUNITY CENTRE {REGIsfERED NUMBER: 04328889)
BALANCE SHEET
31 MARCH 2024
31.3.24
Total
funds
31.3,23
Totsl
funds
Unrestrirted
funds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
io
1,793
1,793
2,031
CURRENT ASSETS
Debtors
Cash at bank
li
3,478
28,998
8,955
3,199
12,433
32,197
3,553
38,095
32,476
12,154
44,630
41,648
CREDITORS
Amounts falllrvJ due wSthln one year
12
(4,938)
{4,938)
(3,554)
NET CURRENT ASSETS
27,538
12,154
39,692
38,094
TOTAL ASSETS LESS CURRENT LIABILMES
29,331
12,154
41,485
40,125
NET ASSErs
29,331
12,154
41,485
40,125
FUNDS
Unrestricted funds
Restrlcted funds
13
29,331
12,154
36,526
3,599
TOTAL FUNDS
41,485
40,125
The charltsble cc¥npany Is entitled to exemption from audlt under Sectlon 477 of the Companles Att 2006 for the year
ended 31 March 2024.
The members have not required the company to obtain an audlt of Its flnanclal statements for the year ended
31 March 2024 In accordants with Sectlon 476 of the Companles Act 2006.
The trustees acthowledge thelr responslbllities for
(a)
ensurlng that the charltable company keeps accountlng rettjrds that comply with Settions 386 and 387 of the
Companles Act 2006 and
preparlng financlal statements whlch 9lve a true and fair view of the state of affalrs of the chafftabie company
as at the end of each flnanclal year and of its surplus or defiot for each financlal year In accordantr with the
requlrements of Sections 394 and 395 and whlch otherwlse comply wlth the requirements of the Companles
Act 2006 relating to financial ststements, so far as applicable to the charitable company.
These financlal statements have been prepared in accordan￿ wlth the provisions applicable to charltable companles
subject to the small c¢mpanles regime.
(b)
The flnanclal statements were approved by the Board of Trustees and authorised for 155ue
. and were signed on its behalf by:
on
pwp
Trustee
The notes form part of these finanoal ststements
Page 5

SOUTHWATER AREA COMMUNITY CENTRE
NOTES TO THE FINANCtAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
srATUTORY INFORMATION
The Southwater Area Communlty Centre Is a private companyi limited by guarantee, registered in England &
Wales, The company's registered number and registered Offi￿ address can be found In the Report of the
Trustees.
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial ststements of the charitable company, whlch is a public benefit entity under FRS 102, have been
prepared In accordance with the Charltles SORP (FRS 1021 'Accounting and Repo￿ng by Charities.. Ststement
of Reccmmended Prattice applicable to charitle5 prepariThJ their accounts in accordan￿ wlth the Flnancial
Reportlng Stsndard applicable In the UK and Republic of Ireland {FRS 102) (effectlve l January 2015),,
Finandal Reporting Standard 102 The Flnanclal Reporting Standard applicable in the UK and Rep¢Jblic of
Ireland, and the Companles Act 2006. The financlal statements have been prepared under the historical cost
onventlon.
Income
All income Is recognised in the Statement of Flnanclal Activities once the charity has entltlement to the funds,
It Is probable that the income wlll be re￿IVed and the arnount rAn be measured rellably.
Expenditure
LiabilitlC5 are rec¢)Jnised as expenditure as soon as there Is a legal or construttlve obllgatlon committing the
charity to that expenditure, it is probable that a transfer of economic benefits will bc roqulred In settlement
and the amount of the obllgatlon can be measured reliably, Expenditure Is accounted for on an accrua15 basis
and has been classlfled under headings that aggregate all c05t related to the category. Where costs cannot be
dlrectly attributed to partlcular headlngs they have been allocated to actlvltles on a basis consistent with the
use of resources.
Tanglble flxed assets
Short Leasehold Premlses
Equlpment and Fumiture
Straight Llne over perloj of lease
25Q/o on Reduclng Balance
Taxatlon
The charity is exempt from corporatlon tax on Its charitsble attlvltles.
Fund accounting
Unrestricted funds can be used in accordance wlth the charitable objectlves at the dlscretlon of the trustees.
Restricted funds can only be used for partlcular restricted purpose5 Within the objects of the charity,
Restrictlons arlse when specified by the donor or when funds are ralsed for partlcular restritted purposes.
Further explanation of the nature and purpose of each fund 15 included In the notes to the financial Statements.
Hire purchase and leasing commitments
Rentals paid under operaung leases are charged to the Statement of Flnanclal ActlvitSes on a straight Ilne basls
over the period of the lease.
Penslon costs and other post-retlrement benefits
The charitable company operates a defined contributlon penslon scheme. Contributions p3yable to the
charitable company's pension scheme are charged to the Ststement of Financial Activltle5 In the perlcd to
whlch they ￿late,
Grants
In accordance with $24 of FRS 102 these are treated using the accruals model and so are rec(KJnised in
income on a systematic basis over the periods in which the chanty recognlses the related c<)sts for which the
grants are intended to compensate.
Page 6
continued,.,

SOUTHWATER AREA COMMUNITY CENTRE
NOTES TO THE FINANCIAL sfATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
OTHER TRADING ACTivrrIES
31,3.24
31.3.23
Hire of premlses
Rent of office
Tariff Income (EDF)
20,770
17,289
1,697
17,531
13,403
1,059
39,756
31,993
INVESTMENf INCOME
31.3.24
31.3.23
Deposlt account intsrest
505
146
NET INCOMEI{EXPENDrruRE)
Net incomel(expenditure) Is stated after charglngl(credltlng):
31.3.24
31.3.23
Oepredatlon - owned assets
Other operatlng leases
238
535
285
935
TRUSTEES, REMUNERATION AND BENEFITS
There were no twstees, remuneratlon or other beneflts for the year ended 31 March 2024 nor for the year
ended 31 March 2023.
Tru8teeg' expense&
There were no trustees, expenses pald for the year ended 31 March 2024 nor for the year ended
31 March 2023.
srAFF cosrs
31.3.24
31.3.23
Wages and salaries
Other penslon costs
18,034
273
14,608
177
18,307
14,785
The average monthty number of employees durlng the year was as follows:
31.3.24
31.3.23
Average monthly number of employees
No employees re￿IVed emoluments in exce55 of £60,¢JOO.
Page 7
continued...

SOUTHWATER AREA COMMUNITY CENfRE
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcrivrrIES
Un￿Stritted
funds
Restritt
funds
Totsl
funds
INCOME AND ENDOWMENTS FROM
C*Jnatlons and legacies
5,315
3,599
8,914
Other trading actSvltles
Investment income
31,993
146
31,993
146
Total
37,454
3,599
41,053
EXPENDITURE ON
Raising funds
82
82
Charitable activities
Charltable Attivities
46,605
46,605
Total
46,687
46,687
NET INCOMEI(EXPENDITURE)
(9,233)
3,599
(5,634)
RECONCILIATION OF FUNDS
Total funds brought f¢Jrward
45,759
45,759
TOTAL FUNDS CARRIED FORWARD
36,526
3,599
40,125
INDEPENDENT EXAMINERS, REMUNERATION
31.3,24
31.3.23
Fees payable to the charlty's independent examlners for the Independent examination
of the charity's flnancial statements
Fees payable to the charlty's Independent examiners for the Independent examSnation
of the charity's flnanclal ststements - Prior year
Fees payable to the charity's Independent examiners for other seNlces
2,700
1,680
300
1,064
1162)
917
4,064
3,934
10. TANGIBLE FtXED ASSETS
Short
leasehold
Equlpment
& Furnlture
Totals
COST
At l April 2023 and 31 March 2024
2,535
27,549
30,084
DEPRECIATION
At l April 2023
Charge for year
1,053
ioi
27,000
137
28,053
238
At 31 March 2024
1,154
27,137
28,291
NET BOOK VALUE
At 31 March 2024
1,381
412
1.793
At 31 March 2023
1,482
549
2,031
Page 8
contlnued...

SOUTHWATER AREA COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
ii.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade debtors
Other debtors
Prepayments and accrued income
713
166
11,554
1,808
172
1,5n
12,433
3,553
12. CREDITORS: AMOUNTS FALLING DUE ￿THIN ONE YEAR
31,3.24
31.3.23
Trade creditors
Soclal security and other taxes
other credltors
Accrued expenses
470
161
1,607
2,700
14
1,676
1,680
4,938
3,554
13.
MOVEMENT IN FUNDS
Net
movement
In funds
Transfers
be￿en
funds
At
31.3.24
At 1.4.23
Unregtrlcted funds
General fund
Ceslgnated funds
6,526
30,000
(2,212)
(4,983)
{669)
30,000
36,526
(2,212)
(4,983)
29,331
Restrlrted fundg
Crowdfunder
Hastings Round Table
Blffa
Chalk Cllff Trust
3,599
(900)
500
8,955
(4,983)
500
8,955
4,983
3,599
3,572
4,983
12,154
TOTAL FUNDS
40,125
1,360
41,485
Net movement in funds, Induded In the above are as follows.,
Incomlng
sour￿5
Resour￿$
expended
Movement
in funds
Unrestrlcted funds
General fund
40,921
(43,133)
{2,212)
Restrirted funds
Crowdfunder
The PCC For Sussex
Ha5tings Round Table
Blffa
Chalk aiff Trust
(900)
(500)
{9CM))
500
500
8,955
500
8,955
14,983)
(4,983)
(400)
10,355
(6,783)
3,572
TOTAL FUNDS
51,276
(49,916)
1,360
Page 9
contlnued...

SOUTHWATER AREA COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
13.
MOVEMENT IN FUNDS - Cfjntinued
Comparatives for movement in funds
Net
movement
In funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
Designated funds
15,759
30,000
19,233)
6,526
30,000
45,759
(9,233)
36,526
RestriLtsd funds
Crowdfunder
3,599
3,599
TOTAL FUNDS
45,759
(5,634)
40,125
Comparatlve net movement In funds, Included In the above are as follows..
Incoming
resources
Resources
expended
Movement
In funds
Unrestricted fund8
General fund
37,454
146,687)
(9,233)
Restrlcted funds
Crowdfunder
3,599
3,599
TOTAL FUNDS
41,053
(46,687)
15,634)
A current year 12 months and prior year 12 months combined posStlon is as follows,,
Net
movement
In funds
Transfers
between
fund5
At
31.3.24
At 1.4.22
Unrestrlcted funds
General fund
Designated funds
15,759
30,000
(11,445)
(4,983)
(669)
30,000
45,759
(11,445)
(4,983)
29,331
Restrlcted funds
Crowdfunder
Hastlngs Round Table
Blffa
Chalk Cliff Trust
2,699
500
8,955
(4,983)
2,699
500
8,955
4,983
7,171
4,983
12,154
TOTAL FUNDS
45,759
(4,2741
41,485
Page 10
continued...

SOUTHWATER AREA COMMUNrrY CEMfRE
NOTES TO THE FINANCIAL sfATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
13.
MOVEMENT IN FUNDS - contlnued
A current year 12 months and prior year 12 months comblned net movement in funds, included in the above
are as follows..
Incomlng
resourtrs
Resources
expended
Movement
in fvnd5
Unrestricted funds
General fund
78,375
(89,820)
(11,445)
Restrlcted funds
Crowdfunder
The PCC For Sussex
Hastings Round Table
Biffa
Chalk Cliff Trust
3,599
500
500
8,955
(900)
(500)
2,699
500
8,955
(4,983)
(4,9831
(400)
400
13,954
(6,783)
7,171
TOTAL FUNDS
92,329
{96,603)
(4,274)
Dexrlption of Restricted Funds
Crowdfunder - A fund ralslng campalgn for "Improving A￿$$ for Everyone at The Clifton Centre"
14. RELATED PARTY DISCLOSURES
During the year the charity received inccffle from Edit Farkas, a Trustee, for use of the charlty's faalitie5. The
totsl amount recLsJnlsed In the year was £2,750 (2023: £2,375).
Page 11