VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEIlR ENDED
31 MARCH 2022
Company Registration Number: 07886190
Registered Charity Number: 1147104

VELMORE COMMUYITY ASSOCIATION
{A COMPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2022
CONTENTS
Page
Trust¢es' Annual Report
Independent Examiner's Report to the Trustees
9-10
Siatemcni of Financial Activities
Balance Sheei
12- 13
Notes to the Financial Staiements
14-23
MANAGEMENT INFORMATION
Detailcd Incomc and Expenditure Account- Total Funds

Page I
VELMORE COMMUNITY ASSOCIATION
(A cOmP￿y LIMtTED BY GUARANTEE)
TRUSTEES. ANNUAL REPORT
FOR THE YEAR EW4DED
31 MARCH 2022
The tn￿teeS are Pl￿ed to present their annual report and unaudited Financial Statenjents for the year
ended 31 March 2022, wbich are also prepared to meet the requirements for a Directors, Rq)ort and
Financial Ststements for Companies Act PUTposes.
Thc Financial Statements Comply with the Charities Act 2011, the Companies Act 2006. the
Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of
Rccommended Practice applicable to clwitics prepating their Financial Staternents in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
REFERENCE AND ADh(tNISTRATIVE INFORMATION
Charity Name:
Velmore Community Association
Charity Registration Number:
1147104
Company Registration Number:
07886190
Principal Office:
Velmore Centre
Falkland Road
Eastleigh
Hampshire
S053 3GY
Registered Office Address:
Velmore Centre
FalkI￿d Koad
Eastleigb
Hampsbire
S053 3GY
The Trustees
The trustees who served the company duTing the year were as follows:
Mr G Riddocb
MrA Watt
Mrs M D F Atkinson
MrRADibb
Mrs K Hatchett
Mrs L Ro&$
Chair
Treasurer
Resigtled
31.12.21
Secretary:
To be advertise(Vappointcd

Page 2
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2022
REFERENCE AND ADMINISTRATIVE INFORMATION (CONTINUED)
Our Advisors
IndLp¢ndent Examiner:
Abraham & Dobell
230 Shirley Road
Southampion
S015 3HR
OBJECTIVES AND ACTIVITIES
The chariiable company's objeciives and principal activities are:
to promote the benefit of the inhabitants of the Velmore Estate and North End Copse in the
borough of Eastlei8h without distinction of sex, sexual orientation, age, disability. nationality,
race or of political. religious or other opinions, by association together the said iT)habitanls and
the statutory authorities, voluntary and other organisations in a common effort to advance
edu¢aiion and to provide fa¢ilities in the interests of social welfare for recreation 2nd
leisure-time occupation with the object of improving the conditions of life for the said
inhabitants.
to establish or secure the estsblishmeni of a Community Centre and to maintain and manage
the same (whether alone or in Coryoperation with any sLqtutory authority or other person or body)
in ￿rth¢rance of the Objects: and
to promote such other chariiable Purposes as may from lime to time be de*rn]ined.
The ¢haritable company shall be non-paty in politics and non-sectsrian in religion. The area of
benefit shall be Velmore Estaie and North End Copse in the borough of Eastleigh. This area 15
bounded by Leigh Road. Bournemouth Road, Chesthut Avenue and the M3.
Public Benefit Statement
All of our activities are undcrtaken to furtherour charitsble purposes forthe public ben¢fit. Jn shaping
our objectives and plannlng our activities. the tnjstees have considered the Charity Commission's
guidance on public benefit including the guidance 'Public Benefit: Running a Chan'ty (PB2)'.

Page 3
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUAR￿TEE)
TRUSTEES, ANNUAL REPORT
(COIYTINUED)
FOR THE YEAR EYDED
31 IIARCH 2022
ACHIEVEMENTS AND PERFORMANCE
Covid 19
The activilies of the Centre were still being impacted by the Covid pandemic at the beginning of this
financial year. The UK Gov¢n￿ent had published a road map to Coming out of the pandemic and in
rcsponse the VCA produccd an action plan based on thcse Tules. The C¢ntrc was closed duc to Covid
at the beginning of April but re-opened with a free outside café from 12 April 2021. This was funded
by a grant from Chandler's Ford Parish Council. This service was offered to the estate to reach out lo
pcopl¢ who had been isolated by the lockdowns. The café thcn rcDJrned io a paid service and from
17, May the Centre re-opened with inside aclivilies ai a reduced capaciry. Finally on 21 June all
Covid restrictions were lifted. Despite, the relaxalion of Testrictions the Centre clients were hesitant
to return and a number of hirers found a similar situation and so this was a time of great uncertainty.
Thc number of bookings has slowly continued to gradually in¢r¢ase month by month during this year
but still did not ￿llY return to the pre-covid times.
Centre Management
The Centre management structure continued to prove a successful working model for the Community
Asso¢ialion even during the pandemic and the govemmenl Furlough Scheme was used where
possible. The fomier Ccntre ManagLY had passed away in the January prior to this pcriod and so th¢
Centre was being run by the Administration Assistant with help from the Treasurer. The Café
Supervisor, who was also the cleaner, decided io leave ai the end of April as the Covid restrictions
wcrc lifted and so the Centre bcnefited from a period of reduc￿ Sth￿lng costs. Th¢ caf¢ continued to
run with the Café Assistani covering some extra hours and with a group of volunteers for which the
VCA is very grateful. The job vacancies were advertised in MaT¢h but suitable stsff were in short
supply after Covid and so new staff were not appointed immediately. A nNv Centre Manager, Sue
Cornish, was appointed and slarted in July 2021. A new cleaner started in the same month but the
caté role was ditficuli to fill. Finally. a new Café Supervisor was appointcd and started in Marcli
2022. The Administration Assis18nl left in December 2021 and was immediately replaced.
The Centre is now fully staffed and Sue Cornish has establish￿ a cohesive and dedicated team of
staff and volunteers.
During the year Margaret Atkinson resigned from the VCA board. It is recognised that the number of
members should be expanded. but ¢nquires in this area have noi been successful.
Bulldlngs MAlntenance
The closure of the Centre due to the pandemic neces5itsted that 211 costs should be reduced as much
as possible and generally only essential setvices and maint¢nance were carried out. Sincc thc rc-
opening the nomial maintenance programmes have resumed but no significant additional
maintenance has been carried out over this period. The fabric of the café ehairs was beginning to look
very worn and these were recovered using a grani received from Hatnpshire County Council.
Another failure of the bot air beating system in Belmont Hall Occ￿ed in the winter and although it
was able to be repaire¢ it did nc¢¢ssilate a period of temporary hcating again. The replaccment of
this system will be investigated in the next year.

Page 4
VELMORE COMhWNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT
{COL¥TINUED)
FOR THE YEAR ENDED
31 MARCH 2022
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Health & Safety
Health and safety incidents and accidents are reportd kn the Trustec Board. There have been no
incidents duritig this period. The ￿4)pen1ftg of the building after the closure ai th¢ end of 2021 was
done in a controlled way following all appropriate government guidance. Actions included restricting
the numbers using the building, incTvJsed ventilation and ￿gUlar cleaning.
Business Development
The uncertain situation during the year once restriclions were lifted did not allow business
development.. rather the focus was on actions to keep the business running and supporting the
ncigyhborhood. A number of local authority grants for business re-op¢nin8 were applied for and
received. These together with the government fijrlough payments allowed the business to continue
during this period.
Cherry Tree Café
The Chery Tree café was recognized as a key local resource for people who had been confined lo
home for long periods during Covid and so. as pemitted by the Covid rules, the café was re-opened
as soon as possible. The main demand on the café space is as a place to meel-up and socialize. This
is particularly true for the older generations. The aprM)intment of a new café supervisor at the end of
this period was made with a plan for the expansion of thc offering from tlie café both in lenns of
hours and offerings. The Board plan to maintain a close scrutiny on the cost and return on this
resource.
FINANCIAL REVIEW
The charitable company had a dccrease in income to £57.306 compared to £60,998 in the previous
year.
This was mainly due to a reduction in coronavirus support payments received from HM
Revenue & Customs and Easilcigh Borough Council. This totslled £36,171 in the year to
31 March 2021. compared to £2.915 in the year to 31 March 2022.
Expenditure also decreased ￿ £49,041 (2021- £53.747).
As a result, the chaTitable company acbieved a swplus in the year to 31 March 2022 of £8,265
(202 I - £7,251).
The financial aim of VCA during this period has been to survive the ongoing impact of the pandemic.
This has conlinued to be addressed by mininusing costs, using the Furlough Scheme where possible,
using volunteers to supplement staff or cover staifing gaps aT)d by applying for all applicable grants.
The income in this year was around 78010 of the pre-covid year but by the care￿1 controls exeTcised
there has been a small increase in profit over the Y￿ to 31 March 2021.

Page 5
VELMORE COMMUNITY ASSOCIATION
(A CO.MPANY LIMfrED BY GLARANTEE)
TRUSTEES, ANNUAL KEPORT
{CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2022
FINANCIAL REVIEW {CONTINUED)
Reserves
Prior to Covid the Trustees had an aim to create a Tescrve of 3 months. turnover over the following
two years. This was set aside by the Covid pandemic but the Trusfres recognise the importaDce of
this and commit to the fomlalising a reserves policy during 2022. (This policy was signed off by ihe
Board in September 2022).
Investment Policy
Due to the uncertainty of the Covid 19 pandemic the VCA f(mds have been held in ihe current account
but on¢e the reserves policy is agrced then consideration of investmcnt will be made.
PLANS FOR FUTURE PERtODS
To continue to enga8e with the community and re-start Centre nm activities which ceased
during the Covid times.
To continue lo develop initsatives and services to reflect the needs of I￿￿1 residents and
business communities and io bc aware of the potential competition for these from the new
Stoneham development.
To build on the repuiation of the Velmore Centre as a hub for health and wellbeing activities in
the community through development and promotion of services.
To maxirnise the use of the Velmore Centre and continue to maintain links with local parthers.
To consider new ideas and initiatives to promote Velmore Centre with the local community and
to continue to promote our Café and reach out to a broader range of clientel¢ with targeted hour5
and appropriale menus.
To work closely with the local Covoperdtive Siore who have agreed to have Velmore
Community Association as their "Charity Partner. in th¢ next financial year.
To continue to monitor the hire rates and compare with the rates of similar organisations in the
area to ensure we remain competitive in this markeL
To review all service contracts and regular suppliers to ensure that we are receiving the best
Possible rates available, and to make chang¢s where improvements can be obtsined.
To investigate the repla¢ement of the heating syslem at Belmont Hall and possible energy
improvement options.
To fomalize a Resetves Policy.

Page 6
VELMORE COMbfUNITY ASSOCIATION
(A COMPANY LIMITED BY GUAIL4NTEE)
TRUSTEES. AIYNUAL REPORT
{CONTlINUED)
FOR THE YEAR ENDED
31 MARCH 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng Document
The organisation is a charitable company limiied by guarantee. incorporated on 19 December 2011
and registered as a Charity on 3 May 2012. The company was estsblished under a Mernorandum of
Association which ¢slablishcd the objccts and powers of thc charitable company and is govemed by
ils Articles of Association. Anybody can apply to the Board of Directors to become a memb¢r of the
charitsble company and each member is required to contribute £1 in the event of the charitable
company winding up.
The Association works within current. relevant legislation, in particular Health and Safety al Work
Act 1974, Employment Act 2001. Charities Act 2011. Companies Act 2006, Dats Protection Act
1988, to¥¢th¢r with appropriate guidance including Charities Stawment of Recommendcd Practice
(SORP (FRS 102)) and European Working Time Directive.
Reerultment and Appointment of the Trustees
The directors of the company are also charity truslces for the Pu￿oseS of charity law.
The truslces are appoinied by membm, agreement at an Annual Gencral Meetins. A third of the
directors shall retire (but may be re-appointed) by rolation ai each Annual G¢neral Meeting. TTUStees
have not been paid any remuneraiion for their roles as Trustees.
Trustee Inductlon and Training
Truslees are recruited and appoinied in accorildnc¢ with th¢ Artillcs of As'svciatioll. Induction and
training of new trustees is arrdngcd by the Board on an individual basis.
Rlsk Manydgement
The trustees haTr'e examined thc major strategic. b￿1n¢sS and operational risks which the charitable
cornpany faces and confirn) thai systems have been established to enable regular reports to be
produced so that the necessary steps w be taken lo lessen these risks.
Organisallonal Structure
The U￿ste¢S of Velmore Community Association meet 6 times a year, ensuring that any decisions are
agreed at a quorum meeting of the Board of Trusiees. The Board of Trustees. at the date of signing
this Report, cornprised 5 trustees. The trustecs come from a variety of profcssional backgrounds
Televant to the work of the charitable company. The trustees delegate day to day responsibility for
the nll)ning of the organisation to Senior Executives who are rcsponsible for delivering services.

Pydge 7
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT {CONTINUED)
Related Partles
Velmore Community Association collaborates with a number of key parties to ensure the clwttable
company meets its objectives. The key parties are..
Vivid Homes
Easileigh Borough Council
Chandlers Ford Parish Council
Co-operative Stores
Velmore Friendship Group
Vclmor¢ Church
One Communiry
Key M*nagement and Personnel RemunerailoD
The trustees consider the Board of Truslees and the Senior Management Team comprise the key
management personnel of the chariiable company in charge of directing and controlling the charitable
company and running and operating the charity on a day to day basis.
All trnstees give their time freely and no remuneration w&s paid to Inistees in the year.
The pay of the Senior Manasement Team is reviewed by the t￿Stee$ pertodically on the basis of the
perfom]ance of the individual concerned and ihe chariiable company as a whole.
REspof4SIDILITIES or TIIE DIRECTORS
The charitable company's directors (who are trustees for the putpose5 of charity law) are responsibl¢
for preparing an annual report and Financial Ststements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the directors to prepare Financial Statements for each financial period, which
give a true and fair view of the state of the affairs of the clwitable company as at the Balance Sheei
date and of its incoming resources and application of resources. in¢luding income and expenditure,
for the financial period. In Preparing those Financial Ststements the directors ar¢ Tequired to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP (FRS 102);
make judgements and estimates that are reasonable and pmdent.
slate whether applicable UK accounling standards have been followe(L subject to any material
departures (h'sclosed and explained in the Financial Statements. and
prepare the Financial Staternents on the going concern b&sis unless it is inappropriate to
presume that the charitable company will continue on that b&sis.

Page 8
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUAIL4NTEE)
TRUSTEES, ANNUAL REPORT
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2022
RESPONSIBILITIES OF THE DIRECTORS (CONTINUED)
The directors are responsible for keeping proper accounting records that disclose, with Teasonable
accuracy al any iimc, the financial position of ihe charitable company and io cnable thcm to ensure
that ihc Financial Statements comply with the Companies Act 2006. The directors are also
responsible for safeguarding the a55ets of the charitable company and hence. for taking reasonable
steps for the prevention and detection of fraud and other itTcgularitics.
The directors are responsible for the mainienance and integrity of the CO￿Orale and financial
infomiation included on the charitable company's website. Legislation in the United kn'ngdom
governing thc preparation and dissemination of the Finan¢ial Staiements may differ from Icgislation
in other jurisdictions.
SMALL COMPANY PROVISIONS
This rcport has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption under the Companies Act 2006.
Approved by the trustees on 8 December 2022 and slgned on ihelr behalf by:
G RIDDOCH
CHAIR
A WATT
TREASURER

Page 9
INDEPENDENf EXAMINER'S REPORT
TO THE TRUSTEES OF
VELMORE COMMUNTfY ASSOCIATION
{A COMPANY LIMrrED BY GUARANfEE)
FOR THE YEAR ENDED
31 MARCH 2022
report to thc charity trnst¢es on my examination of the Accounts of Velmore Community
Association (the Company) for the year ended 31 March 2022.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's trustees of the Company (and also its directors for the purposes of company law} you
arc r¢sponsible for the preparation of thc Accounts in accordance with the requirements of the
Companies Aa 2006 {'the 2006 Act.).
Having s&tisficd mysclf that the Accounis of the Company are not required to be audited under Part
16 of the 2006 Aci and are eligible for independent examination, I report in respect of my examination
of your charity's Accounts as carried out under section l45 of the Charitses Act 2011 ('the 201 l Acl,).
In canying out my examination I have followed the Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Aci.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confimi that no matters have come to my attention in connection
with ihe examination giving me ￿uSe to believe:
a￿O￿nting records were not kept in respect of the Company as required by section 386 of the
2006 Act.
the Accounts do not accord with those records:
the Accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the Accounts give a 'twe and fair view which is not a matter
considered as part of an independeni exarnination; or
the Accounts have not been prepared in accordance with the rnethod5 and principle5 of the
Statement of Recommended Practice for accounting and reporting by charities (applieable to
charities preparing their Accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)).

Page 10
INDEPENDE￿r EXAMINER'S REPORT
(CONTINUED)
TO TFtE TRUSTEES OF
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMrrED BY GUARANTEE)
FOR THE YEAR E￿￿ED
31 MARCH 2022
INDEPENDENT EXA￿lLNER.s STATEMEIYT (CONTINUED)
I have no Concerns and have com¢ across no other matters in connection with the examiiiation to
which attention should be drawn in the report in ordcr to enable a proper undcrstanding of the
Accounts to be reached.
8 December 2022
D J MANT FCA
ABRAHAM & DOBELL
Chartered Accountants
230 Shlrle) Road
Southimpton
SOIS 3HR

Ptdge J I
VELMORE COMMUNITY ASSOCIATION
{A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCtAL ACYtVITtES
(INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED
31 MARCH 2022
2022
UDrestrfict¢d Restrleted Total
Funds
Funds
Funds
2021
Total
FuJJds
Notes
INCOME
Donations and legacies
Charitable activities
Oth¢r trading aclivilies
Coronavirus schemes and relief
16.060
37,806
525
2.915
16.060
37,806
525
2.915
17,699
7.128
36.171
TOTAL INCOME
57.306
57,306
60.998
EXPENDITURE
Ch￿ilable activities
47,036
2,005
49,041
53,747
TOTAL EXPENDITURE
47.036
2,005
49.041
53,747
NET INCOMEI(EXPEf4DITUREV
NET MOVEMENTS IN FUNDS
FOR THE YEAR
10,270
(2.005)
8,265
7,251
RECONCILIATION OF FUNDS
Total funds brought forward
33,382
2.005
35,387
28.136
Total funds caTried forward
£43.652
£43,652 £35,387
The Ststement of Financial Activities includes all gains and losses recognised in the year. All income
and expenditure derive from continuing activities.

Pydge 12
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31 MARCH 2022
Notes
2022
2021
FIXED ASSETS
Tangible fixed assets
io
3,347
5,782
TOTAL FIXED ASSETS
3,347
5.782
CURRENT ASSETS
Debtors
Cash at bank and in hand
5.355
38,612
269
33,341
TOTAL CURRENT ASSETS
43,967
33.610
LIABILITIES
Crcditors: Amounts falling
due within one year
12
3,662
4,005
NET CURRENT ASSETS
40,305
29,605
TOTAL ASSETS LESS CURRENT
LIABILITIES
43,652
35.387
NET ASSETS
14
£43.652
£35,387
THE FUNDS OF THE CHAIUTABLE
COMPANY
15
Unrestricted income fun¢ls
Resmctcd in¢ome fimds
43,652
33,382
2,005
TOTAL CHARITABLE COMPANY FUNDS
£43.652
£35.387

Page 13
VELMORE COMMUNrrY ASSOCIATION
(A COMPANY LIMITED BY GUARthTEE)
BALANCE SHEET
(CONTINUED)
AS AT 31 MARCH 2022
For the year ended 31 March 2022 the cban'iabl¢ company was entitl￿ to exemption from audit under
section 477 of the Companies Act 2(K)6 ff lating to small companies.
Directors. Reswnsibilities:
The direclors have not required the company to obtsin an audit of its Accounts for the year in
qucstion in accordance with scction 476" and
the directors acknowledge their responsibilities for complying with the reqUi￿rnents of the Act
with ￿pect to accounting records and the preparntion of Accounts.
The directors have prepared Financial Statements in accordance with the special provisions of Part
15 of the Companies Act relating to small companies whA¢h constitute the annual Financial
Stalernents required by the Companies Act 21K)6 and are for c1￿Ul&tiOn to members of the charitsble
Company.
The notes on pages 14 to 23 forn] part of these Financial Statements.
Approved by the ¢ru$tees on 8 December 2022 and slgn¢d on thelr behalf by:
G RIDDOCH
CHAIR
A WATT
TREASURER
Company Regi$trntion Number: 07886190

Page 14
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LI￿[[rED BY GUARANfEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2022
ACCOUNTING POLICIES
Charlty Information
Velmorc Community Association is a charitable company cstablished under its Memorandum
and Articles of Association and registered with the Charity Commission and Companies House
in England and Wales. The principal address is Veimore Centre, Falkland Roal Eastleigh.
Harnpshirc. S053 3GY. The charitable company is a public benefit entiiy.
The principal accounling policies adopied. judgements and key sources of estimation
uncertainty in the preparation of the Financial Ststements are as follows..
(a) Ba$1$ of PreparAtlon
The Financial Statements have been prepared in accordance with Accounting and
Reporting by Charities= Statement of Recommended Practice applicablc to charities
pieparing their Financial Stalemenis in accordance with the Financial Reporting Standard
applicable in the UK and Republi¢ of Ireland (FRS 1021- (Charities SORP (FRS 102)),
the Financial Reporting Standard applicablc in the UK and Republic of Ireland (FRS 102)
and the Companies Aci 2006.
The Financial Statements arc prepared in sterling, which is the fim¢tional currency of the
charitable company. Monetary amounts are rounded to the neatest £.
{b) In¢ome
All income is included in the STatement of Financial Activities when the Charitable
wiiipdny 15 Eiiiiilrd tv thr iii¥viiir asiiowii c￿1 bc 4uwiiificd willi Lra&uirdbl¢
accuracy. The following specific policies are applied to particular categories of income..
Donations and legacies are received by way of don3ti0ns and gift5 and are included
in fijll in the Statcment of Financial Aclivilies when receivable.
Donated services and facilities are included at the value to the charilable company
where this can be quantified. The value of services provided by volunteers has not
been included in these Financial Statetnents.
Investment income is included when receivable.
Income from chariiable trading activilies is a¢¢ounted for when earned.
Income from grants, where related to perfonnance and specific deliverables, are
accounted for as the charitable company earns the right to consideration by its
perforniance.
Government grants are recognised at the fair value received or receivable.

Page 15
VELI￿lORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GL'ARANfEE)
NOTES TO THE FtNANCtAL STATEMENTS
{CONTlIYUED)
FOR THE YEAR ENDED
31 MARCH 2022
ACCOUNTING POLICIES (CONTINUED)
(c) Expendlture
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure
includes VAT as the charitable company is not VAT registered and is reported as part of
the expenditure to which il relates.
Costs of rdisin8 funds comprise the costs associated with attracting voluntary income and
the costs of trading for fimdraising puTposes.
Expenditure on charitable athivities C¢)mprises those costs incurred by the charitable
company in the delivcry of its activities and services for its beneficiaries. It includes boih
cost5 that can be allocated dir￿lAY io such activities and their associated support costs.
Support costs are those functions that assist the work of the charitable company but do
not directly undenake the charitable a￿7Vities. These costs have been allwated between
the expendlture categorie5 of the Siaiement of Financial Activities on a basis designed to
rcflcct the use of th¢ r¢sourc¢ and are apportioned on an appropriate basis. eg floor areas.
per capita or estimated usage.
Govcrnance costs include those costs associated with meeting the constirutional and
statutory requirements of the charitable company and include the Independent Examiner's
fees and Cosis linked to the strategic management of the charitable company.
(d) Tanglble Fixed Assets
All flxcd t￿3¢15 ar¢ initially r¢¢ord¢d at ¢08t Ic88 accumulatcd dcpr¢¢iolion and any
impainnent loss¢s. Fixed assets over £5(Kl are capitslised.
Depreciation is calculated so as io write-off the cost of an 8sse¢ less its estimated residual
value, ov¢r the useful economic life of that asset as follows..
Equipmenl
Fixttres and Fittings
250/0 reducing balance
25 /• reducing balance
(e) Debtor%
Trnde and other debtors are reco￿lsed at the settlement amount due. Prepayments are
valued at the amouni prepaid nei of any trade discounts due.
(O CYd5h at Bank and in Hand
Cash al bank and in band include5 cash and short teTm highly liquid investrnents with a
shon maturity of three rnonths or less from the date of acquisition or opening of the
deposit or similar accounL

Page 16
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2022
ACCOUNTING POLICIES (CONTINUED)
(g) Creditors 2nd Provisions
Creditors and provisions are recognised where the charity ljas 8 present obligation
resuliing from a past event that will probably result in the transfer of funds to a thiTd party
and the amount due to settle the obligation can be measured or estimated reliably.
Creditors and provisions are nomially recognised at their settlement amount after
allowing for any trade discounts due.
{h) Operating Leas
Rentals payable under operdting leases arc charged to the Statement of Financial
Activities evenly over the period of the Icase.
(i) TAxatlon
The charitable Company is exempt from Corporation Tax on its charitsble activities.
(i) Fund Accounting
Unrestricied fillmts consisi of the gener81 Purposes fjjnd and designated fjjnds.
Designated funds ar¢ funds established by the Inistees from time to tirne for specific
projects or pu￿Oses, are not in any way restricted and any S￿￿]US or deficit will be
transferred tolfrom the general PUTposes fund when the designated fund is closed.
Restricted Funds are funds subject to specific restrictions imposed by donors or by the
purpose of the appeal. The purpose and use of designated and restricted fimds is set out
in the notes io the Financial Stat¢ments.
(k) Donated Sen4ees
Donated 5etvices and facilities are included at the value to the cbaritable company where
this can be quantified.
(l) FinAncial Instruments
The charitable company only has financial as￿t5 and financial liabilities of a kind that
qualify as basic financial instruments. Basic financial instruments are initially recognised
at transaction value and subsequently measured at their settlement value with the
exception of bank loans which are subsequently m￿llred at amortised cost using the
effective interest methi)d.
(m) Significant Judgements Estirn%tes
Preparation of the Financial Statements may require management to makc SI￿lficant
judgements and estimates. There are no items in the Financial Statements where
judgements and estimates would have a significant effect oll amounts recognised in the
Financial Statements.

Page 17
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO TItE FTNANCIAL STATEMENTS
(CONTLYUED)
FOR THE YEAR ENDED
31 MARCH 2022
DONATIONS AND LEGACIES
2022
Unr¢strlcted Restricted Total
Funds
Fund$
Funds
2021
Total
Fund$
Granis received
Other donations
13.516
2.544
13,516
2.544
10,310
7,389
£16,060
£16.060 £17,699
Of the income from donations and le8acies of £17,699 in the year 2021, £14,586 was
unre$tri¢ted and £3,113 was restricted.
There were no donated services and facilities receivable which could be quantified in the year
(2021 none).
INCOME FROM CHARIT ABLE AcfIviTIES
2022
UDf¢s¢rlcled Re¥lrl¢l¢d Tolal
Funds
Funds
Funds
2021
Tolul
Funds
Rental income
Café income
Miscellaneous
30,147
7,116
543
30,147
7,116
543
5.187
1,941
£37.806
£37.806
£7.128
In 2021 the income from charitable activities of £7,128 was unrestticted.

Page 18
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMrrED BY GUARANTEE)
NOTES TO THE FtNANCIAL STATEMENTS
{CONTLNUED)
FOR THE YEAR ENDED
31 MARCH 2022
OTHER TRADING AcfiviTIES
2022
Unrestricted Restricted Totil
Funds
Fund$
Funds
2021
Total
Funds
Other activities
£525
£525
In 2021. the income from other trading activities of £nil w&$ unrestticled.
CORONAVIRUS SCHEMES AND RELIEF
2022
Unrestricted Restrl¢ted Totthl
Funds
Funds
Funds
2021
Total
Fund$
Coronavirns Job Retentton Scheme
EBC Business Rates Relief Scheme
2.915
2,915
25,671
10,500
£2,915
£2,915 £36.171
ANAL YSIS OF EXPEf4DITURE ON CIIARITABLE ACTIVITES
2022
Unrestrlcted Restrlcted Totgl
Funds
Funds
Fund8
2021
Total
Funds
Community Centre costs
Support costs
Govcrnance costs
44247
1.667
1.122
2,005
46,252
1,667
1,122
51.280
1,313
1,154
£47,036
£2.005 £49,041 £53,747
The expenditure on charitable activities in 2021 of £53,747 comprised unrestricted fiu]ds of
£50,939 and £2.808 restricted funds.

Pag¢ 19
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NiyfES TO THE FINANCIAL STATEMENTS
(CONTIIYUED)
FOR THE YEAR ENDED
31 MARCH 2022
ANALYSIS OF SUPPORT AND GOVERNANCE COSTS
The charitable company identifies the costs of its supix)rt functions. It then identifies those
Osts which relate to th¢ governance function. Having idcntifi¢d its governance costs. the
remaining support costs together with the governance Costs are apportioned between the key
charitable &ctivities undertaken (see not¢ 6) in the year. Refer to the table below for the basis
for apportionment and th¢ analysis of suppor¢ and govcrnance costs.
General
Support Governance
Total
BASIS of
Funds Apportionment
Other cost8
Independent Examiner's fees
1.667
1,667
1,122
Usage
Governanc¢
1.122
£1.667
£1.122
£2,789
NET INCOmE1￿xPENDlTURE) FOR THE YEAR
2022
2021
This is ststed after charging:
Depreciation
Independent Examiner's fees
£2,435
£1.122
£1.928
£1.154
ANALYSIS OF STAFF COSTS, TRUSTEE REMUNEIL4TJON AND EXPENSES
AND THE COST OF KEY MANAGEMENT PERSONNEL
2022
2021
Wages and salaries
Employer's pension
27,332
327
37,188
508
£27.659 £37.696

Page 20
VELMORE COMMUNITY ASSOCIATION
(A COMPLYY LIMITED BY GUARANTEE)
NOTES TO THE FtNANCtAL STATEMENTS
(CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2022
ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES
AND THE COST OF KEY MANAGEMEYI t PERSONNEL (CONTINUED)
Particulars of Employees
The average number of employees during the year w&s as follows:
2022
2021
Administralion sthff
No employee received remuneraiion ofmore than £60.000 during the year (202 l - £nil).
No pa￿nents were made to Trus￿¢$ by way of remuneration or expenses during the year
(2021 £nil).
10. TANGIBLE FIXED ASSETS
Flxtures &
Equipment Flttlngs
Total
Cost
At l April 2021
1,772
17,524
19,296
As ai 31 March 2022
1.772
17.524
19.296
Depreeiatlon
At l April 2021
Provided for the year
909
733
12,605
1,702
13,514
2,435
As at 31 March 2022
1,642
14.307
15.949
Net Book Values
As at 31 March 2022
£130
£3,217
£3,347
As at 31 March 2021
£863
£4,919
£5.782

Page 21
VELMORE COMMUNITY ASSOCIATION
(A cOmP￿Ny LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
(CONTI.NUED)
FOR THE YEAR ENDED
31 MARCH 2022
I I. DEBTORS
2022
2021
Trade debtors
5.355
269
£5.355
£269
12. CREDITORS: Amounts falllng due within one year
2022
2021
Trade crcditors
PAYE and pension
Accruals
986
372
2,304
,406
295
2,304
£3,662
£4,005
13. FINANCL4L INSTRUMENTS
Financial inslnunents measured at amortised cost comprise the following..
2022
2021
Financial assets that are debt Instn￿ents
Financtal liabilities that are debt instruments
£5,355
£3,290
£269
£3.710

Page 22
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
(COYTI.NUED)
FOR THE YEAR ENDED
31 MARCH 2022
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2022
Unrestricted Restricted Total
Funds
Funds
Funds
2021
Total
Funds
Tangible fixed assets
Cuffent assets
CU￿ent liabilities
3,347
43,967
(3.662)
3,347
5.782
43,967
33.610
{3.662) (4,005)
Total fijnds
£43.652
£43,652 £35,387
15. ANALYSIS OF CHARITABLE FUNDS
At
IDeomlng Outgolng
At
01.04.21 Resources Resources 31.03.22
Analysls of Movements In
Unrestrlcted Funds
General Funds
33,382
57,306
47,036
43.652
Total Unrestrlcted Funds
33.382
57,306
47,036
43,652
Analysfis of Movements In
Restrl¢ted Funds
Covid Support Fund
Café Chairs Fund
,602
403
403
Total Restricted Funds
2,005
2.005
Total Funds
£35.387 £57,306 £49,041 £43.652
Unrestrlcted Funds
Unrestricted Funds comprise those fi￿aS which trustees are free to use in accordance with the
charitable objects.

Page 23
VELMORE COMMUNITY A&SOCIATION
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCTAL STATEMENIS
(CONTLIYUED)
FOR THE YEAR ENDED
31 .MARCH 2022
15. ANALYSIS OF CHARITABLE FUNDS {CONTINUED)
Restri¢ted Funds
Restricted Funds are funds which have been ￿Ven for particular purposes and projects. The
Restricted Funds must be used for the specific putpose as laid down by the donor.
The Covid Support Fund represents a donation received in order to provide Covid support for
work in Ihe communiry. This was fully ulilised in th¢ y¢ar.
The Café Chairs Fund represents a grant received for the re-upholstery of the café's ¢haiTS.
This was fiilly utilised in the year.
16. RELATED PARTY TRANSACTIONS
There were no related party transactions arisin8 in the year 10 31 March 2022 (2021- £nil}.
17. TAXATION
As a registered charity, the income is generally exempt from Corporation Tax under Section
478 of Ibe Corporation T&Kes Aci 2010 by reason of its charitable objects and acliK'iTies.
18. LEGAL STATUS OF THE CHARITABLE COMPANY
The charitable company is limited by guarantre and has no slwe capitsl. The liability of each
Irusiee, in the event of winding-up, is limited to £1.

THE FOLLOWING PAGE
DOES NOT FORM PART OF THE
STATUTORY FINANCIAL STATEMENTS

Page 24
VELMORE COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
DETAILED UNRESTRICTED AND RESTIUCTED
INCOME AND ￿XPE￿D1TuRE ACCOUNT
FOR THE YEAR ENDED
31 VIARCH 2022
2022
2021
INCOME
Donaiions and legacies
Charitable activities
Oiher trading activities
Coronavirus schemes and relief
16,060
37,806
525
2.915
17,699
7,128
36,171
57,306
60,998
EXPENDITURE
Cafè purchases
Friendship club expenses
Wagcs and salaries
Employers, Nl
EmployeT'S Allowance
Employers, pension
Room hire
Light and heat
Repairs and maintenance
Insurance
Accountancy
Other professional fee5
Telephone
Otlici" uifire costs
Depreciation
Other sunthy itenLS
1.493
25
27.332
1,177
(1,177)
327
686
54
37,188
1.570
(1.570)
508
240
3.393
3,515
1.487
1.424
40
697
102
1.928
18
4,529
5.150
1,559
1,765
722
691
2.435
158
46.252
51,280
Licences and subscriptions
Indcpcndent Examiner's fees
1,667
1,122
1.313
1,154
49,041
53,747
SURPLUS FOR THE YEAR
£8,265
£7,251