COMMUNITIES FIRST WESSEX Company number: 08071971 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
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COMMUNITIES FIRST WESSEX IComp3ny limitèd by guarantee and not having a share capitsll TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Chairman's Foreword Welcome to this Annual Report of the Trustees and Directors of Communities First Wessex ICFW) for the year ending March 2024 CFW continues to play a key role in developing a thriving voluntary sector across Hampshire, empowering communities, mobilising our members and delivering critical community services to make lrfe better for everyone. CFW has had another solid year, fvrther strengthening and delivering our purpose by securing new income and delivering high-quality servIs. We have continued to support individuals. communf(ies and organisations in taCIng the impact of the cost-of-lwing and in developing new $8rvices in the post pandemic wodd. We have also supported partners and organisations providing refuge for those fleeing the war in Ukraine. Our success has resulted in a strong balance sheet. an increase in unrestricted reserves and demonslrable so¢ial impact. Our outstsnding staff team and volunteers continue to support the most vulnerable groups and individuals in our communty making sure that their needs are identlfied and met. The Board recognise the dtfficult future which all charities are entering and have overseen a robust root and branch review of the organisation to make sure we are fit for purpose going forward. The Board continue to dr¢ve the organisation to continue to achieve oui joint vision and to adapt and change to meet the new challenges as they arise. We believe that the organisation supported by the staff and volunteer teams are best placed to lead and support our members and community OTganisations into the futur8. The Board are aware that without the staff team and volunteers CFW would not be the successful organisation Ihal it is. We are in awe of the Commitment and passion that the staff team continue lo bring to their work despite concems about funding. We would like to thank Tim and his staff team for rising to the challenges that the18st year has bought. We would pa.Cular[Y like to thank all of those staff and volunteers involved in direct delivery without whom CFVV would not be the high performing organisation that it is. As Chair I would also like to thank all of the current and past Bo8rd members for their commitment to CFW and the time that they give up to support and drive the organisation forward. WithoLrt their tim8, energy and skills we would be a much depleted organisation. CFW would like to thank Hampshire County Council for their support this year and thelr ongoing commitment to supporting some seNices into 2025. We would also like to thank our Borough and District Councils for their support and fijnding as well as the many Parish and Town Councils whom we have interacted with this year. We would also like to extend our thanks to all of our partners across the last year and especially to all of our members for their continuing support of CFW. Together we will go forward into 24125 stronger and committed lo building new partnerships working together to support those in our communities who are mist vulnerable. We are determined to continue lo provide support to our members to generate additional funds to continue to deliver the outstanding support services that they cuffently deliver. Jan L8fl8y- Chairperson
COMMUNITIES FIRST WESSEX {Company limited by guarantee And not having a share capital) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Managoment and Govemance Communrties First Wessex ICFW (trading as Community First) is a Registered Charity and Company Limited by Guarantee. The company is governed by its Memorandum and Articles of Association, established in 2012 and amended by special resolution in May 2015, July 2017 and January 2018. CFW was created following the merger of 5 distrid CVSS operating 81 scale wÈth central management and govemance, whilst retaining local teams and services embedded in and reflecting the needs of the communities we serve. We are continuing this strategy by merging th Gosport Voluntary Action in October 2024 and by delivering support to organisations in Eastleigh under contract with Eastleigh Borough Council from April 2024 Board of Diroctors and Senlor Management The Trustees of the Charity are Directors of the Company. They are responsible for setting the strategy of CFW, ensuring effective financial stewardship and goveman¢e. An Executive Committee meels monthly to support the main board, ensuring we have the resources, staff and capacity to deliver the strategy and meet our financial targets. Task-specffic groups are cr8ated when required. The Senior Leadership Team comprising the Chief Executive. Chief Operating Officer and Finance Director is responsible for the day-to-day management of the organisation, partnership and programme development and service delivery. The structure and priorities of the Senior Leadership Team are regularly reviewed by the Board of Directors taking account of future funding requirements and changes. Recrulting and Supporting Directors We draw on the skills and experience of existing Directors matching these to the needs and activities of the business set out in our strategy Skill gaps are identified by the EXec1ve Committee 2nd actions to address these are agreed by the board. Nominations are invited throughout the year through open adverts alongside contact with members, partners and individuals with the requisite skills and experience and we advertise through local neOrkS, contacts and companies. We are mindful of the need to ensure a diverse tard reflecting the communities with which we work and the groups we support. Directors are provided with background information about the organisation, our work and values and the wider role of serving as a charity Trustee using the Charity Commission's recommended guidance. Directors are offered training and encouraged to attend events and meet stsff and volunteers to gain a good understanding of some of the challenges and opportunities we face We have recruited new Directors during 2023124 and will continue to do so during 24125 to repla those who have retired and to ensurè we have the necessary skills and expertise to deliver our objectives. Aims, Objectives, Activities and Achievements The Charity's objects are: a) to promote any charitable purposes for the benefft of the public in Hampshire and surrounding areas, including the advancement of education, the protection of heath
COMMUNITIES FIRST WESSEX (Company limited by guarantee and not having a share capital) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 and the relief of poverty, distress and sickness, and to provide people with the necessary support, information and services to enable them to pursue or contribute to charitable purposes. b) to promote, organise and facilitate co-operation and parinership working belween third sector, statLrtory and other relevant bodies in Hampshire and its environs. Dellverlng publi¢ beneflt Communities First Wessex (CFW supports a thriving, active and influential voluntary sector across Hampshire and surrounding areas, through our leadership of the Hampshire CVS neiwork and direct delivery in East Hampshire, Havant, Winchester, Fareham, Eastleigh, Gosport and the New Forest. We also deliver transport services in Basingstoke & Deane and Gosport and traum&informed and sexual abuse counselling throughout north and mid Hampshire. Our Health and Wellbeing and Social Prescribing networks provide countywide support to all organisations supporting p8op18 in need. As a membership organisation we believe that we are stronger by working tO3ether. We've conlinued to grow our membership, holding Suc$$fUl network events throughout the year and providing effective digital self-seNe toolkits and resources enabling us to offer more and tter support to local VCSE organisations. Our performance and achievements in 2023124 Directly supported and engaged 660 VCSE organisalions In September 2023 we merged wlth Wheels For Freedom. a charty providing mobilty services in Dorset and based in Poole. This fvrther enhanced our Shopmobility offer. Recruited and mobilised an additional 448 volunteers and 130 young volunteers. and engaged 350 clients on our Positive Pathways supported volunteering programme. 196 new organisations signed up to our Volunteering programme reflecting the appetite and demand for more volunteers We also delivered 2,027 hours of volunteer time on our Timebank inf(iative based in Woolmer Forest, Bordon in East Hampshire. Secured £434,000 of additional investment in VCSE organisations. Trained 1,950 learners including upskills volunteers and paid stsff in VCSE sector and supporting those facing barriers to emOyMent. Carried 49,900 passengers on our community transport, 64,400 school passengers on 3.500 school bus joumeys, and 23 hirers benefitted from our Wheels to Work moped hires. Our mobilty scooteTS were hired 3,500 times from our shopmobility locations and from events including Goodwood and the New Forest Show. Had 82.000 visits to our ComrnunTiy Hubs in Clanfield and Leigh Park Supported 175 young carer8 in the New Forest and provided over 15C respite hours through activities Helped 494 victims of sexual trauma and abuse through our START counselling Service.
COMMUNITIES FIRST WESSEX (Company limited by guarantee and not having a shar8 CAPitall TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Provided a lifeline to 254 clients of our Home Help service and helped 162 households with gardening. Supported 40 High Intensity Users through our Community support service and delivered 760 healthy walks helping people keep active, stay well and socially connected. Financial Review Revenue grew, and overall financial performance remained strong. We had a total income of £3.720m in 2023124, compared to £3.346m in 22123. The Charity has a deflned salary pension scheme wth Hampshire County Council. The adjustment in the actuarial valuation on our defined salary pension scheme reSUed in a loss (before administration costs) of £1 k12D22123 £629K). HCC now manages our investments in the same way as funds are managed for HCC and other large organSsatlons In the scheme. This Significant reduces the total notional exit liability of Community First from £675k to £1 Ook. Winchester Cty Council and Fareham Borough Council guarantee to underwrite any deficil arising from the pension fund valuation in resped of those members of the scheme previously employed by organi5ations operating in their respective areas. At 31 March 2024, thi5 amountedto approximately£36.6kforWin¢hester and £13.Skfor Fareham. Afull analysis of the pension liability inGluding deferred liabilty, guaranteed underwriting, top up payments and charges and residual material liabilty is sei out In note 18 to the accounts. The charity continues to take appropriate steps to diversfy its funding base. securing further grants and commissions, managing costs and identfying new sour5 of income to build on its strengths and track record in public service delivery and to support the voluntary and community sector. We have retained our overall staff team of @ 120 delivering hybrid and flexible working to balance capacty with OPPDrtunity. Income sources Principal sources of funding include-, Infrastructure grant from Hampshire G¢)unty Council with CFW reappointed as single contractecl organisation to delivor infrastructure support for VCSE and encourage volunteering and grants from Havant Borough Council, East Hampshire District Council, Fareham Borough Council, and New Forest District Council. A new VCSE infrastrudure support service started in Eastleigh in April 2024, commissioned by Eastleigh Borough Council. Grant funding from Hampshire and IOW Integrated Care Board to support health & wellbeing forums, the soal Prescribing Netsvork and deliver wellbeing programmes tackling health inequalities arsd those in need of additional support. Hampshire County Council contracts supported by the Boroughs and Districts. for Community Transport, Dial-A-Ride. Call and Go and SEN school transport contracts and Vvheels to Work. Further income was generated from fares. Ministry of Justice grant (administered by the Office of Police & Crime Commissioner), and HCC grant for START counselling and Lotus residential service. Hampshire Learns funding (via HCC) for training with an increasè in value and number of Lots delivered. Grants from Winchester Gty Council, Fareham Borough Council & Chich8Ster District Council and hire income from custOlT18fs and events for Shopmobilify.
COMMUNITIES FIRSTWESSEX Icompany limited by guaianlee and not having a share capital) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The National Lottery Community Fund for Positive Pathways in Havant and to support Time Banking in Woolmer Forest and to deliver the final year of our Youth Volunteering Programme. The Lottery and grant funding from HCC also supported our New Forest Young Carers programme. We received a leg2¢y donation from Its Your Choice following their closure and subsequent winding upto support Young People in the New Forest. Following mergerwith Wheels For Freedom we reiVed a donation of cash and assets of £78K and took on a further lottery grant funded programme and other grants Reserves The Board of Directors has determined that the Charity should seek to maintain a level of reserves to cover the following eventualities- Unrestricted reserves equivalent to up to 6 months of plsnned running costs in line with Charty Commission guidelines and Company Law. A designated reserve was created to cover unforeseen events and the possibility that funding might not aayS be obtained. The calculation ofthis reserve considers Six months support servIs, running costs Outslanding rent commitments (up to break clause dates) Outslanding lease and hire commitments to end of contract Provision for legal costs Provision for property dilapidations The Purpose of designating reseeS is to o cover any loss on realisation of any fixed assets and any additional contractual o accumulate funds for specific purposes as detemiined by the Board of Trustees from time to time. o invest in innovative services which can be piloted and tested to better meet the needs of our beneficiaries including vulnerable people by the creation of the Community First Investment Fund. The aim of such enterprises and innovative services is to reduce the charity's dependence on publi¢ sector funding by finding more reliable SoUrS of funding for its seNices. Restricted reserves are held to cover the extent that funds for restricted purposes have not been fully expended. No additional reserves will be established for restricted projects. This policy enables CFW to continue operations whilst awaiting receipt of Grants rnany of which are paid in arrears, to pay contractual liabilities in the event that grants are discontinued or significantly reduced whilst services are realigned and to recover the potential loss on fixed asset investments in the event that funding is thdravm, or contracts ended prematurely. A provision will be maintained against general reserves to offset the Charity's obligation to fund any deficit on the Hampshire County Council pension hjnd scheme. This provision will be reviewed and if necessary revised annually in line with the Actuarial valuation. At 31 March 2024 we have £1,258,176 in unrestricted reserves. £31,858 of this is designated to support the development of on-going activities (see note 15). A reseNe of £500.000 has been Created to cover any unforeseen evenls as well as the possibility that funding tnight not aayS be obtained and ensure continuty of our core function and services for at least 3 mnths. The Community First Investment Fund has £PA1,318 to help us to aCsS new funding and income streams and pump prime innovative ideas for new services for our beneficiaries.
COMMUNITIES FIRST WESSEX Icompany limf(ed by guarantee and not havin9 a share capital) TRUSTEES REPORT FOR THE YE4R ENDED 31 MARCH 2024 The level of reserves and the policy is reviewed annually. In addition, and independent of reserves, accruals will be established at the end of each year and reviewed quarterfy thereafter, to cover any expenses that can reasonably be estimated, such as sickness pay, insurance claim excesses, equipment and seNices received but not invoiced. Managing Risk A Risk Register identrfies the key risks and records actions taken to mitigate these which is reviewed by Directors and the Senior Leadèrship Team. Where appropriate, systems or procedu$ have been established to mitigate the risks the charity faces. Our slgnlflcant rlsks We face significant on-going risk to our revenues which are predominantly from public sector contracts and grants, principally HCC, which are subject to future public sector spending cuts and threats to the overall public finan position as costs of delivering statutory social care and children's services increase and global economic uncertainty prevails. Expenditure remains under close s¢ruliny as local authority grants and commissioned services are subject to signtficant cuts in 2025 in Community Transport and Community Development resuming in less money at 2 time when demand for our services and requests for support from our members is increasing. We are reducing our reliance on core grants and diversifying our activities to attract new SoUrS of income. We are also cutting costs and adjusting staffing levels and office costs accordingty. We continue to explore opportunities to further increase scale, impact and generate revenues, through partnership working, Collaboration and possible mergers. We are also exploring new opportunitres for gen8rating sales and raising revenue by expanding our transport, diversifying our training and growing wellbeing services whioh are in high demand. As public sector funding continues to diminish more customerlbeneficiaries may be asked to pay towards services, but we are also seeking opportunities to maximise our assets and expertise to generat8 income which can be reinvested in essential communty support and services. We malntaln strlct intemal controls and procedures for authorising transactions and payments which reduce financial risks and minimise risk of fraud. Only authorised signatories can sign or commil the organisation to enter into grant agreements, make payments and contractual or other liabilities. We review ourfinancial procedures annually to ensure that authorisation levels remain appropriate and robust and work closely with our bank to minimise risk of fraud We deliver services to vulnerable people induding those who are ehyerly, frail. disabEed, suffer mental illness or abuse or lack confidence and to young people from a wide range of backgrounds. Protecting and safeguarding those Ytho are vulnerable remains a high priorty- Our high risk services include., Transport.. risk of road traffic collisions 8r)d in assisting frail and disabled passengers on and off vehicles and in hiring Mopeds {Wheels to Work) and mobility scooters Supported Volunteerlng providing social connections, volunteering, work experience and support for people with mental illness and other health conditions. including those with a history of substance misuse and ex-offenders, helping them rebuild their confidence and oontribute to society. START providing specialist support for survivors of childhood sexual abuse or renI sexual violence and trauma Young C8rers', providing support for young people in loong afterfamity members wth long-term conditions
COMMUNITIES FIRST WESSEX (Company limitèd by guaranlee and not having a share capilall TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Home Help$', helping older and dlsabl8d people to stay safe and well in thelr own homes Clanfield Sports Centre: helping people participate in spong and leisure activities We invest in and provide wellbeing support to staff, offer famity-friendly employment contracts and policies and have ernbedded hybrid working which has flexibilÈly to balance staff and organisational priorities. We continue to invest in staff training, ensuring compliance with health and safety and safe operating procedures. Procedures are in place and are reviewed regularly to protect our staff, volunteers and service users. Lessons learnt are shared with commissioners and partners and are used to amend procedures to provide a safe and enjoyable experien for Se1 users, staff and volunleers. Dlrectors, rfrsponslbllltles Law applicable to charitable companies in England & Wales requires the directors to prepare th8 Iruslees report and financial statements for each financial year, which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the dSrectors are required to: Select suitable accounting policies and then apply them consistently-, Make judgements and estimates that are reasonable and prudent-, Prepare the financial statements on the going Conrn basis unless it is inappropriat8 to presume that the company will continue in business. The directors are responsible for keeping proper aoUntIng records which disclose with reasonable accuracy al any time the financial position of the company and to enable them to ensure that the financial ststements comply with the Companies Act 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the company and hen for taking reasonable steps for the prevention and deteclion of fraud and other irregularities. There is no relevant eudit InfOatIOn of which the company's auditors are unaware.. 8nd The directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit infomialion and to estsblish that the auditors are aware of the inforrnation. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. A combined directors and trustees r8PQrt is being presented to meet company law requirements. Approved by the Board and signed on its behalf by.. Jan Lefley Date.. 30 September 2024 Chair of Board of Directors
COMMUNITIES FIRST E$sEx (compY11 bywaiantee 8nOnothwry ashare capWI INDEPENDENT AUDrroRS' REPORT TO THE IIEMBERS OF COMMUNrriES FIRST WESSEX FOR THE YEAR ENDED 31 MARCH 2024 Oplnlo We have fiftal Df Cmrh.es Ftrsl Wcs8ex for Ihe y88r end 31 Marf 2024 comprf8e the Steml ol F21 Ath88. Stabnthi of Cash FkM the rel not8s, Indu¢ffjng a swnmy tsfsPJnltaTht ¢ounllry pc4ldas. Theffinancll rwing thai has be thei applKIg IèN n¢ AGownthng Stth3rts (Unitsd Gww4lly Awted Acc9 P(th'rE51 induding FRS102,'The FinaTrual Rry(Kb'ng Standaj aFplirAbleinthe UKand R2putlOf Irend.. glvealruaand f.rvMvolthesioflh8thalt?t0rnlS affsia&St3l March 24, andof(tsIncom6d &¥penditur&, forthe yearts bgen properlyww In3rd wlh imited Kingth Accepted A0n9 bL¥., 8nd hwe W prep¥ed In )danc&th Ihe requirements Dlble Cunpank8ALt 2Lk)6 B15isforq>ln Wtr haw wnducted our audit in wdonté In1wal stsnd¥l$ Authting (UKI,IISAslUK)1 ond Aic81I0 . (r lÈspwb1t undv th(be St&ld ¥e fvrther lescthd In the ArtOrf5 resp1 frf the of the finanoal Stat15 5ectirffl ol wr We are Indeent ol the chanle¢0mpyI [¢vIrth theethKI rUleMents that 8relekto0ui1lit0lth0fiCi ststements ID the UK. induding the FRCS £¢1 St8wJaid. a&hae fvINl8d rOther thical p$billI1&S in atsyJrdanceith iFe requir8mwt8. We thatlh&auditewLkncee h8wob&n8d sJ[fK%n1dWLto prOdea bas frAouropnirm. con¢110¥1$lnyItsg0lrKJ ¢orvm In audung the fin8noA statemwK hw that trusises, us9 ol fy)rw) bat4$ in the of th8 tln•kial StsIÈmlts isWUPtMte. Based th thework have pthnlled, wethav2n0lwjEIfd any unc&kinbe5 rdabng ID ur{ditiOnS thaL I1ual (lIe¥IY, may caÈt on the COMy% abdlty to ¢Onbnué ¥ 8 g(ing for a pet1 of at18&%t t¥Jth mmths fityn when the fin ¥e•Jtyuised fori%sue r [88ponlft188 th0p(bl¢S WF¢t9(Ary m4rn¥d¢sthlt¢d In th8rdW¥lseLthnSthkrepo Olh•rinfomiJbon Th¢ ther infomalots (KmsNi5es infwmaboD inded in tre annwl reprt •KJ our thw. Thg trus &e reWsIb the Dth¥infBti( on thefinanda st3Eem2ntsths nDtco¥erthedherknfumth)n, uxWtotsExtenlothEW5 2Xtthity sued ouriewrt W9 donDtexpre558ny [(rn0fraC8 cfyidusb)n ther In aLJit oui $SIbIlity Is lo ie&l thè olh81 Infom1 d. In dthg so. heth8r tho Informth rnth81 Incowl81mfv th& lnanthlsta18m&s w Lwrkntrkdge Oblan in th8 0th1568Pp?8 lob8 n¥JIYMisSI3t8d. Ile idmdfy SULth Inc0teneS. we ale reoired 10 determthe %ether ther6 Is a mstat&neni kn the fin8nul Siatsmwts w 8 mat rnisStateml of the atton. If, baJ M thgwork haye kthmed. ¢ldththtre ts a me(k4 oflhts lThbMplTh, ws ¥e rery1r to rwrt ihaifoct We ha%% nclHrvJ torwrt ?thi5 reg¥d Oplnlon on Othgr Mate¥s prÈ$tribÈd byth•ctyP8nrts A¢1 2006 In (1 opinh)n, tsa¥ thovA%kundkts in ihecwTseoflheauthi th8 knfLYmalcn In tt18 P4XThtoI&INSt88Sts6 thaffftanoa 81atelle 1st$1&71h the the RpDITtUsts has bwyepatgl ITh)dce wikn wplc4Jle Matterd oTrwhlchwo aro requlredtorewt ty•xt8ption IDthel¥Jhtofihp knvwledge dndslfiDg ofthfrtha1thmp4Trywd Its In theCOu Llth85udK Ehe m*01 In theR8poriofthB TNste65.
COMMUNThIES FIRSTWESSEX lcL4npYInFl by9uwlee¢ nothaxng ash8r£ C) INDEPENDENT AUDITORS, REPORT TOTHE MEMBERS OF COMMUNlEs FIRST WESSEX FOR THE YEAR ENDED 31 MARCH 2024 Wehave nclhkng to reputln 5Pt0[efdkNIryJ mattsrswh¥eth&Ctynp•les Aci%xK rèqulrès u8ior8POrtto yoj If, In Wronn.. a@uate llnj retoftts hav8 nclb88n Wtor 18bJms J8quai8 SJrour8udll h8v&nolt48ll branthe5 no1vlI by us,. LY the financk4 s18t8m8ntswe nclin ¥gret1th th¥ &¢wning réwds &d rthJm8,'¢ Cérrin dIS(kn dfbUSithS'fEmunwèlffl£p8dfied bylware nclmath,. EhavÈTh)t 18cdwJ al the Irthm9ti e¥knahon5we wrirefor¢>JraxlL theusie&s nOtltok2tjEoftheS1 trtheI[8tto aStrtykRewt the R8IXYlofth&Tru$ Rt8PWsibllttks llUSI wwned fulty In of TN$iee5' RespM?Athes, thelTUStees Iwho 31glso the threclLKs olthe thitknie CoMY for the pu[PO5 of cmwy L} ar8 [Sib fu preparan cl ihe fln8nd slstemts for 58ti5fied Ihat they gr a Iw and fair vw. and Ini8m contrd 8s the trL&$i1derneiSn8rry to 8nA8thopryratloTrollnandd stateMtsthaletrfr0rn rni551atewEnL prep8nrytheffinancid sIatts.theb7JSteeg8respbIftyasSes59 ih8thféab5Bb1tytO rKEt, dtsdosiry. as aFvlkaU4 mait8rs relaied lo golrKJ concem and ug ihe gcthg of 4w)unbry unles5 the ind to liqiYate thB tharftthle mYttO(s]8, crh&ènor6aL8UcatemaO¥8 butto thJ80. Jr we to obtw a55ui8nce thl whethBrthe financd sL4thents as a are free mateT&4 miÉststÈtnenl, th8th8rdue to tra1 erN. to 5ue a ReF¥Jiol 1ndWEndIdils lhal1ndeS Reason&)18 assur[8 rs a h¥h ul assumce, t4rtis nota gu1&at aTrwdlt)Jndwt•Y In aCcuthC8kn ISA5 (UK)11 aayS ela M181 MStste11 it ewts M¢strents ean 8ri8e from ta L¥ etr<K ande consvJ818d matwial il. indi¥vJually the 4grJaio, eYj[dr8&sONbtyb8 eyp to infflueNcelhe of us¥stakan thÈbathoftheSeflnr1 statemts. The£A18nttotthth in(kndIg i$dstai19d From disass1 those th3r£ed th gowance [on3F0 abo thB enlty to &Se55 the g&tsaVon. Wèl15CUS5 Manr3aSse88m8nLofth In re5pèxofwwloieS. oting c¢A. Based th8s8 dIS$10n$ sesSM d8knn thal the key Awe 1cne resPWt of vjt off wu6s and man4ÉmthtovtrAde ccMkng thè4zeofthe(ry[$aor. We set sthY)t bBd w thg levl of ffthme. As a wfil arg8ThL8akn rasrvJ knccffifr i51ts prfmary fcaL% inCe lo deleThnine Ihe le%é rfmalerialily. assessm1 Df US todetnIneFerftfftaNcetn1ier1aty Èt8n ÉyprWate kyel. bstantsvèdlt desi9n aTieras$8ssing dp¢rfomlrKJ wakthrnu9h ittts. T1kthmjgh ieslng fiM7 dLKUWted syslemsvjhith ha¥e been desuhed lts&ta8 a¥ÈVthlthemeasU ¥Jain$lira èrrorwhlth 8PWto tyerang asdocumenled. SubsLentivetestin9 tssleda samtthof tha reprMtsliveolth8 popUL9ts.c. iokknl'fy e[[5. Th8t85Iw did n( ithbfyary rnriHI in ¥wi¢st&. dMsubstathElests nom8terlAI 8mrsovarthe Wrisk weasofwK0merecoyniill M48MeNt0v[h. The audil tonsld8rs th& IÈ not èxptsÈd risk of el &8 8 r8sutt ol 85s8sng and r8guLgtbns that 4pwoprrate to ths ManJta58s$ed iho1815 nogoin9 CCfflLW k. The (¥1 a remwolbuthjets. Mentvryts the r¢thwofbcérd A furuffl d8sulptth of wr r8SPWitlliss lty ihe wdit of lh9 siat8mwts Is kncated tre Fina Retiry CountJl's wÉbsite w.frc,,uK1aydrt0tsr$lbIlrI'e$. Thl8de5ubu frymspartolowRepDtiofthE Irthp8nlenlAMdttors.
COMMUNITIES FIRSTWESSEX (Compayli byyuaMt8èd nolhawry a5h8re INDEPENDENT AUDITORS, REPORT TOTHE MEMBERS OF COMMUNrriES FIRSTY$SEx FOR THE YEAR ENDED 31 MARCH 2024 oleur rewt Th1¥ rem is mJe501dy kn lhot1$ mbe1$, as a bcly. in 8cmrd8nce with Chaptv 3 ol Part 16 1h8 Compante8 Act 20. (r h35 b88Tr nden so that we rnht Stab t¢ ihe mbe[S th08e m8tters we are wjirej to strte to them 8n aur518 roport gnd no ther putP0S8. Tolh.8 fvllvstext8nl p81& by Yledo nd¥¢8pI r$sbilIty i0Y(w othe[th thec(Thparyad the CPanY'S mb¥S as al, forouraudStwwk, forth rem, l0[eID15 wvhavefmod. U8rtmxkleFCAlhX Au(StL*l Fc¢8ndin Chwlered AcLxxmWts North bYe8t Hayanl H•Trpshi P09 iw 2/ 1017Lf 10
COMMUNlEs FIRSTIIES5EX Icomwy bygu&8nteeand n01hr a5hFre cap) STATEMENT OF FINANCi4LACTIVfflES FOR THE YEAR ENDED 31 MARGH 2024 lknthdiry Incomé Exp8ndiiu.pA¢c4vntl Unrestfflcted Re¥trid¢d fwd8 Total TLI IKOME 20,n lo,2 123,1 143.950 10,052 ln¥esbnfl Incth18 Tradlng Income 16,444 16.444 .410 Gran&¢ontraCts F8r8 reVe Rfrntal incune (Xh¥in¢orn• 1,819,562 204.343 214,377 282,447 996.914 2.816.576 204,343 234.293 2,e64,658 161,392 193,507 268,771 19.916 TOTAL IIKQIIE 2,566,rfis 1.152,16t 3,1.256 3W525 EXPENDrruRE Fundring 15fl,588 1,110,113 3,70Q701 3,261.251 TOTALEXPENDmRE 2.KQ.588 1.140,113 1700,701 3,261,251 ktlts8e5ygan5w knVe5tsnts 13,W8 13.W8 NET IIKOMWIEXPENDITi*EI BEFORETRMSFERS 20,515 12,(W8 78.280 TR1115FERS BEtVlEEN FUNDS 147.IM91 47.049 xbtsaWknSsesSo bm&fftpm fvnds 1,IYJD FEf INCOMFI(EXPENThTUREI FOR THEYEPR PS.5341 59,097 33,564 707,280 FiJND BALAE4CES EROUGHTFORWARD 1,283,709 39$,817 1,682,526 975,M6 FuNDEs¢tEDFaRwARO 1258.176 457,914 1,716,090 Theslthienloflngndd actriibe5ithes ojl ga% 1$$&$ rwrtsed UY.j1 ¢%dired8yeSfrOM
COMMUNMES FIRST WESSEX Company numb•r. 8071971 IC(Knpanytimlted byguwanl£eand nothww a$h8r6c8prfaD sTATENETr OF FINAN¢LAL POSITION AT 31 MARCH 2024 2023 FI%EDASSETS T[bSSS ra399 153,346 375,745 130,fj51 140,3&8 270,989 10 ¢UTfftENT ASSETS Stocks DebtQLS Ca6h èndin h8nd 3.174 310,883 1,549,76B 1,863,25 2.154 393,484 2,512,430 CREOITORS., the%thii¢n6yW. 13 423.479 1,108,893 r&TCUFttIENfASTS 1,501537 T ASSETS ExCLuNG PENSION LILITy 1,816,rii) 1.774,5 D8fined[th?l 1ILI),(thI 0001 IET ASSETS INCLUDING PEtISlON LIWLITY 1.716,090 1,682,526 FU+I)S UNRESTRICTED FUNDS 15 15 1,85B 592,318 1.124,176 3&9.575 761.134 1,150,709 fun&5 Unrestrictd frjnth li)iEty 15 134,L¥JO 1.25&176 133.D)Cl 1,281709 n[S8L15 RESTr6CTED FUNDS 14 457.914 398,817 TOTALFUNDS 1,716,OY) 1.SV2,526 Thè¥*wrt8 wep8r¢d In &oxthVIIM the provi5iw$ rèwng Compan hithln Part 15 ofthe Compan188 Act 20ffi FRS102. u¥edtyihelwstees on 30Sep1th2024 dsignBdmthwrithalfty. J8TrLeMvy chrS0n P1 Dyty Char40n 12
COIIMUNITIES FIRST WESSEX Iccrfnfvmy Iimrtcd bYgUar and nrhlry ash8r8 Company numbèr.. 8071971 STATEPENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 •sh Inllwovlded by rat10NIB¥ 24 409,314 Ca8hfl¢wsfrOmln¥estlnya¢tfvBs Int¥e5tinc(The 10.052 2,402 Frc8&0fIary1bkfd 1107,5211 119.0711 Asth XqLlred merg 142,7711 Soltanglbl8frtJ89S8IÈ 8.171 Cash prDvldqd tyIu58d InllnY6sj3Ct 132,063 18,869 IDeue8se)thcsoasè in (x%h ¢ash èwiv8knts iitheyear IKT,0441 392,eA5 C#h and coh BqulvaleThtsatth&trAglMiNJofthèyear 1,724,167 Ci$h andcaBh equl¥ai8Thtsatthèendolthèyear 1,549,768 2,11Q812
COMMUNMES RRST YIESSEX (COMpY limlad bygu8r8nt and Mlhwthy ashar&cap} NOTES TOTHE Acccumfs FthR THE YEAR ENDED 31 MARCH 2024 STATEK4ENT fFcoMpLL4FKE Thofinan¢k4 sta1nts havebo prep¥èd In¥¢oTdcts¥Mth 102,'Th8 8tsndatd IntheUK Ryblicotlrdd', lft acwdgncfjwth 8MI Rwbng byCh¥tides'. sta1eDfRemMdEd Pfacb ACCOUNTING PWCIES Thèpfn¢iwal awunbw pthM6s keyst10168ma uncetsknty knthe •OTrOftheln StMts are8sfc4th'. lal Ba$w Of #¢¢ounbtya Undar agMmthtMith Cmmuw Fltst N&¥ Foitstl31 20201, Wnch88tWAcMunity AthM11 Mty2o15ld CommunityPLtknTr Fartham 11 April 20181. certan lundswel¢naknlt0thmuns Fws¢ww$eK and athvtties TheseCoMbln8tknr ¥&ln sUbSts8gIft and the8xc88E OlthefBr¥efjlthf asseis ortheliaLl1lt5 a5sumedi5 remni$edase¥G8pbonl incom in Ih&SlW)Iwiof Flnancia Ad¥iW. Adthtwily, FlrslWes58x assumed oblwJ3tiM tofvnd theWinthesterArea CofftmuntyAcLon Fareham lia115. These 3t41'e5uerwnis a5alLW in the StmeqlofFinan(¥4 Al¥1b'e$ isshrmn a5 an excepiona ews£ in theyearolrnergBr. Coe$ FTslWes5exmEets thedefinth'ffiof3 pUNbenei¥ty uTh1erFRS 1Q2 A$6d6 and l&ili1¢8 ¥¢M141yr&c9)Is>j al hist¢81 rxtor tbl Incomv Al in(19 rewurGes ere in tho &mEnl of A¢bb&S th8 tharfty18 enUtl8d lo th& Inc? and N Is prcthble thai the ttonomK bgnefits chaity aNde8Tt be qUantiffi I8c1e ar[3. sp8tsfitOiri&s &ÉWl to paTttttj1c8tOs rlin¢(xw. Inwrnè IÈ ree8iv¥l by way ol grants, thabMS, kyiÈs and grfts and is induded kn ITr the Stalem1 of Fin8naa kti¥iti85 rMEte. Grants, tthi etsiiuemt ts Mt on the dsfv8ry of 8 $tsfi¢ p¢rfmanc8 by thè ¥è rectrJnts8d h8n Ihe charfty b8wm85 urrtond1b.ondwts1jI0 th8 giant Inves1 inrxyne indudeOvJkn e4¥ab. IKomlryr880ur(A%from 6xg8n8raUngfund8, Indudl tssefrom atrlry Subslary, we Knted fOrWh e RewJrc85¥8d8f8rr8d wh, atthe 8nd of£n perfod, theyhwe been reved buithe thaity hasyetto unund1ticWbvedl0 them. IncMelrom the supp1yolswc8 Irom contr& ts recrynls8d Ythh thedthryolfhecontr&d Se. thtrauqrffle recne on thèbas uf the b"fftE spent in wovidiw thE SeCe Dfthe tim tri the ¢trI. wth8 InDJme L8 18c¥ed In Vne cl E¥pendhurn lditre 1$ reN5¢d ¥L¥ua5 b.5 a5 8 lablty k elUdeS VAT cannot réco, dIS r2p0j as part to Ilrdat Costs Dfgèrwadw hthd$tomprèeofthe¢ostsassodaWwK atr&tLg th&crtstsOflura$ty. ch18¢ ¢WdUre comprises ofihosec05ts irKvired tyy thtiarity in th& ddi¥w Of atd b8168.11 ]ud85 f cOststlatc tr¢ alatedlreCIyt05U¢h lIeSnd those Go$15 lnd1rec4nrenKt$wY1O supwtuwm. GoYe[nan cu5ts Indudp those cts a55wèbd with the ond ofl (arity a1 i]lth aL11 f888 thecDsts lirtbjto iheSiratI¢rnaayeMtof eCharIty. Al lts JrealhKth between the eXPrtUre¢?Ieg5 oflhe Stabnont¢lFiwAI ab89&1{0r81IIh&s6 ofthe rtsree. Cits a palcuknwJi¥ty aretald Id) TangitrAfy Fixed assets Fixed Sets WE stsied in thebakn theet£4 coslk55 deprgithD. FrABd o55gts We%lSfOr whaethe inthThdua coslof &aSSet8CeedS£l0OO. oep[eaab E pnwd1 $0 ¥towtidfthB pt01th9 a55ds. less trii val, lnStahmts owthe u89fv1 cl the . althefdl{llg rat85'. l*dmachin8ry F1th, filbS and qulpmeni Ing8 25% I81Lng ba 33% redLKing ban(0 IXwth&wrknd ofthel8a88 14
COmfMJNlEs FIRST YIESSEX IC¥Myklled bygllteead nothty ashare captta NOTES TOTHE ACCOUNTS FOR TKE YEAR ENDED 31 MARCH 2024 Iconllnuedl lel A$59tlnvestments Fix)J etiVeStreDts we Mad¥8estt8bI8re Sheddae. Rethed gan5j105%e5 thffece pro¢egd6 andthelrMaiketYaeatIhe5tartofth¥rY(rthgr$VbllBll(C05tad arethagedu Nj1 ioih8 Sta10f FlnaM8IAcUvit168in thepwX0ldW5•1. Unteed w5 1osse5rw¢sttha movnl In m2rketv8h arecreditedor[thary 10t StraBMentrfFtiVleS bmlty) 8tlh6yearMd. lfj Stoc Skn 15 81the1le[OfCosIllèV8aft8rdU•r8gWd cthC4dwJffth¥Kj it. (gl Rewnttlon of de14ors othwdtors tWlli5edatthesE18Mntd0a[8nYtrj8d13crwn1OffJ. atthe ajnIC18nylrad6 dxomts due. (h) Cash and cash equfvatenis Cath 8dh equivthts coww5eGuthaibonkand hand, depwL%wtth bkS cth8rshcrt4Nrn in¥¢gknwts bank (MERkatts. In thebknce sheE( b8nkoYerdrats¥eshv wlthln tMIng5 orvJThenllabilthes. 111 Rwftion Of11 Allabiltyafi86S &4 8(th asthwe ay(l ¢strUG¥t djl'gabun mmiilrothé thtyt0&ÈXp8nkn[e. lil UTrwtrfctsdfvnd¥ UnresbKbJ fvjndssre rewuice5 retivAèorgw)wat8dforthe ob0fthethaity%thoulfvrtStyfied putPD52 are avaiLgtde ¥wer81fund Ikl Re51rfct£d lund5 R8strkt8d fund5 fundSgrJEd orthatedfty$pgoffi¢ purpw as drshm by the grfjJrt or d(¥u from assBts a¥U1r t resknJ fvnds reslJtth In the swrbg way a5 the LypJin4 grdnl or dtywfy). ExpwdNur8 %tkh $8t&sfies ihe r¢15 tts thtr 4wpr18te r8sMC toJèlhu¥¥5th alWr81rQnQfmernenI SUFV)rtcosts. 115 0porn9 Ren&saFvIKthetooputhy w%¥s¥edwwltothemIIKnc4lthe3Qyerthe PWK¥J in wbththBcwli5inWtra. Im) D¥fvff£d incthnè 1nKffleBdBferra i$Myelwiu&lkn thgwoflhera8QUtce& the prfrconthtions fvu5e 8rernBtkn ihEinrAYne 15 rSed. Inl P¢n¥lons Theth8dtyp¥Wpaies In ad6flWjblJk pan815£Me. resof&tpy,sd&fiAe contribulkn pth 5the tharwl tothpprofild Iis c(wttorth6lTrth¢h they8repaythe to ih&schN Ll'lfwces n1bJ(5 P8y8ble8nd Ctrul5 u9J pa In théeshtrfdn & 61therThS Drwepaym8tth@y6a1 end. Th8tharily¥owdpaIskn Thea558tsofth88thw held man4•d 5epwatetyfrw th(6gofthe ththty. Th&d8ftalon the sthenK. wewtiDg Ihe ihe ofthe scheTne seL5 bdLR¥ thé pr1 Yau8 olthe5theme fbIlib.e5 is rWnl$ as a Itty bance sheelto the axknl that th8 empw tharity k8 aLAg to [0Ve[ a suiplus or ha5 a leg81 rw rthstructive CèWall fcithe1kWity. A pwdiNJ p8nslM re8th1 L8 inthd8d tow Uni8$¢t&d Mnds. A prfjMn of Ihodefidi that w rdtiting swfirAly tothefomw of nchth Area Cofftffturity is the su1 of a gu8r8ni88 City Comcil. In th part rèlalng Spe¢811Y to the fLYmBr oyte$4f cmnItyA FTh, I$1 wWcirlawarantÉ8 from Bwh 1. 15
COMMUNlEs FIRSTIAESSEX ICew8nylimiled by0uwanteed nolhgmnu ashaie c4itsJl NOTES TOTHE ACC111Ts FOR THE YEAR ENDED 31 AIARCH 2024 Icontlnu•dl lol GoiNJ co@ Thetruste85 ha¥0 w8par8d, rewed 8Dd I011Y tradiw and cash knproiEckn8<ffinng the ptK to 31 Match 2025. (kn ihe bas oflhB5ewciecknsthey have85SBSsed thatWha5 adequ ffine resource8 8nd the approprlaL8struthJr881n tAac&lo operath)nriSk$. In&Jdthn. budgdlryj 8ndforeon9 proc888 has accouniofthecurr8nlacLwomt¢and funthng and its Irnpt our¥5 Sour olinmm8 d èwdNLYe. Thwalrts, IhÈ Trn$es wolxmrid1lhIhi$ a reabkeWa1otha1 CFWh4sth4uate resources and contrrd méth8nk%m$ to(tinue O)OP8raticeXlSteNCE frKthef0re52eablemthTra, onthis bsthe TNst8e5 belie. tothg be5tDlthdr befd knethJe,that CFWreMalns agL¥ng concem at1&tthe to March 2D25 d. acc(x(ng1Y the5efinanoJ stTrEnts ha¥eb8en pr8pdon th8 Ing crmcwn W. NETINCTh¥IEIIEXPEM)ITUSIEI Net{expdjtsyInc0meLIstdeda1wchW91rJA(ttédWl'. 2024 2023 rwabL tPration IPrthiVL05s N sale of858ets Unred15edOos5Vgdin (rij w5etinv85trngTrts 1143,9501 51.517 11.152) 13,( (33,3841 16.9941 Under the témis of 8 WIF 4rewwi wih For efferiNe 1 Septentrr 2021 th& Ee ot that org8nlsafr WEffj to Cthmmuniiw First We5sex4ndMdud dcthatiS th8. £78. INC(ING RESOURCES FROM CHARITABLEACllWThES IAf¢rrnadon & support C(rfp Hcdvty Total 2024 Gran tracts FaInCome Rentsj InGorne (kntinrA)mo 195,453 1.141339 2D4,343 19,916 51,626 1,614,671 1,111729 . t,671237 1,143,339 I,M1731 1,14927 161,392 I93,$ 268,771 3,288,329 212,127 205,795 I,0,752 234,293 294,598 3,549.810 37.177 4151,382 Gts aare ihe fdiLAW9 anounts re¢eW from.. 2024 UK Gowment9rl5 Grarts.ithera9enriè5 1.426.323 246,914 1.673.237 1,250.718 255,013 1,505,731 UK Eth0mMl181nudB$£z63,93fj rwed kn the mlsJuS• I01[$pt[(¥is artd s@kupSe123£247,6S4l.1jErgtsindeS£l?6.OSsry fvrmthe BIG Lthyl3)23£161.t751. STAFF COSTS 2024 Wage5*d Sou45ecurity cxjsts P¢n&M¢0nkn1ths R8dUndcY t[4 1,8,123 141.584 70,253 59.784 2,239,745 123,175 É6,1É5 1,9qO,496
COMMUNrtlES FIRST WESSEX (Comp)y bYalltee akl hyw ègh8recal81j IIOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Icondnutrjl (Mè Èmpbyee 0£60,)0 th&¢wrr8nirI2o23.. 11 trustee Facavad y rnunwaVon Pen05. tk¥iw thisorth9pryN1tLLstesWFeIknbu[5ed w2nses. The avwagenumberolpbyee5dU1lTra the year, ¢l¢ulth knèba&18offul was 85ft11.. 2024 23 P[[sjn ofseNKe5 105 10 mantPU[¥QnnI 2024 pwdtokeywon4thnentpnd thrtng th•1111 2123(101 VOLUNTEERS Th&¢h3rtyrdie5 on Me duryaV01uwsho to driy¥s lorrAmmunity tran$p(4t and ouivolthntary Scheme. theYs181th shOnOladh8th CHARITA8LEACTIVITIES Infolmth & support CoTractrrfity Total 2024 Total Tfan8P)rt8wvkes COSTS DIRECTLY ALLOCATEDTOACTIVITrES 746,772 1.949 3Y,874 23,6Q 40,201 884,1 2.492 271.393 1.882.300 4,460 334,874 94,572 .345 563,SfjO 1934,511 1,&74249 2,848 329.489 VobJnt88fL)%ts Twgwt c£6ts 54,754 16,2 12.454 Dep[FL1ati( (PTDfiIykn55onsleol&ssets 38&,869 2.510.360 1,172,328 1,442,2LVJ 319,3 SIPPORT COSTSALL(KATED Rw. r£y &uUIUps Siaff cos15 IntraOn Fro51r for LbJbth4debts nk ¢hesSnd interest GO¥tei$ Pertsim tund.tsw1taec&CQ8I PeTh8lM lund- InteFeslcc61 1443 149,264 Y20.708 329,835 159,824 217,528 316,792 111,97D 1,445 9,846 117.878 65.594 62,693 41762 6.075 9,642 5,714 4.836 61 11,850 18,464 21,mD 58,i¥X) 19,0 750,1 282,537 245,922 211n1 766,190 1,4Y,865 .688,122 ,714 ,7QO,70 3.261,251 AlwJpportoxt8 hw&bEen )th?l0[1 c(6L8lnoj
COMMUNITIES FIRST WESSEX IC4mwy limita by9uarth and not ShPs11 NOTES TO THEACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Iconllnuld) GOVERNANCECOSTS d profyssiwl P4NJk, accDuntancy ¥ThY¥11fees tAGmd in0dttruthn8tings 3.719 9,788 4.957 18.464 3,642 1fj.310 Plrtand rnathlnery dand kn9Jand Jldlngs TI1IBLE FIXEDASSETS At1 Apr12022 14,696 30,310 14,696 30,310 373,910 88,01D 41,76 420,160 143.091 31.970 $31.697 150,290 56,456 625,531 At31 kla 20 175,1 Deprndd1n At1 Awl 2Q23 Ch2rgeforthè 14,696 541 14,6S6 541 279,776 I(,574 14,078 401,046 34,735 241,9 49.431 403,132 A131 2024 120,e52 Nèt b)kValUe At31 2024 At1 WI 2023 54,409 36,517 130,651 10 INWESTMENrs unl1 in Cegt OrVlatiOn At1 Ap 2023 Ad$ R8¥*8JDn At31 Klarch 2ff 140. 13.&18 153,346 11 STCKXS 2023 Flnkhwjg8 3,174 2.154 %2 DEBTORS 2023 Trèk deb herdebtty Ftr¢pwnents& art)ued incTrrne 138,044 39.824 133,014 310,883 34,353 92,274 393,464 18
COPAMuNlEs FIRSTWESSEX {C4mY limiw byuuarnnleed 3 shar8pIta NOTES TOTHE ACCCUNTS FOR THÉ YEAR ENDED 31 MARCH 2024 Icorrtlnuedl 13 CREDITORS.. anwn15f811ry e¥Jith oneyear 2D23 TT credi hwtaKabon 1ndsc< se .112 59,302 47.289 2£t.776 423.479 97,IlX) 52,248 813.077 I.IWJ8,893 Pxcruats &dthN•J Iro(xn¢ DèfÉmd Income tkkrredincrArei%grants llnn9 Wods 2024 BrrwhttoN¥d A(t5 rde85ed iolncthnlroJ r&Kr¢08 AmwnL5 drtdiye8r AM(tSC forwa 7ts1.909 1558,8921 73,331 219.348 696.089 1550,2831 559.103 704,W9 Tran51e Outg¢h bthve•) 18ts¢ur fund$ 31 Wr¢h 2024 14 RESTRICTEDRJND5 IncoThkng 1 Ap1223 wwr¢es (ljlhty Chhest8r 122.9421 4.202 2,710 0,1271 Is,0 36,163 211,930 22,912 Acce5sGroup -2,770 4,127 Ytyjng C ed5toWc srART 85.ClJ5 8fj.915 (73,0181 47.077 33,054 162,714 1355,4Qg1 155,3651 1497931 55.365 57.455 110,4n 24,1Q8 118,135 23,233 ShwcdlltyNnth8St¥.8¢tfvnd Woo1merTim?ban'r Your4VnteThJ LCPS C4mmunlty Frt8nd8 Heamh and1be Chrithè5 LunGh Cl WnJs FoiFr88dc Hekn 8ndw1bth9 ITSYDUI ChLyGe Total r85trictedfvnd8 60.610 IT.332 239,855 4,295 160,6101 1241,1n) 112,3731 1,322 8,078 1.274 1521 8B,051 12.4981 140,5101 1127,1301 14.L 47,541 7.475 17,328 457.914 11&51 17,612 31,328 1,151161 3¥817 47.049 19
COMMUNlEs FIRSYWESSEX ICwahyliMid bY9uar4ntsedOt ash4ie ra NOTES TO THE ACC<MJNTS FOR THE YEAR ENDED 31 IIARCH 2024 In1[nd omparativ•tsfvnth rnohymprt Trdnsfer8 REsTFcTED FUM)S In¢omhvJ OutgohvJ 1 Apdl 2022 rn80urcès Yttour fwids 31 Mar¢hWJ opmthltty Chkh8È1 DART 20,416 12&3201 122.9421 4,262 2,770 14,1271 35.09) 36.163 211,930 SBS Ywrtg h8ets toWLKk STNf 14,124 26,448 26,g79 214,744 82,171 82,2 334.0 (73,5291 172,W81 1337,6Q41 P05ilvepath%Yays Shoprnoblty Wnchestsr Shopmobility WnthestW-85selfvnd fimebanklr yTrg vnI88r COMF Communty Frid$ He4th and Wd1ti8ry Cl Pr88tiiiNng Neh¥iMk S115 and 8fftpWmeThlhub Tc4 rethctsd tund& 1(M17 24,lQ8 56,172 1515161 110.473 24,108 .7 36.314 159,7551 13,734 1221,39BI 12,1641 12,6e81 21,608 967, 221,213 I1? 1,275 459 21,f 9BO,4fM) 385,422 398,817 The s(uce of fijnd i% dffetenl they ¥e recthd b)dk88 Indthty W1hSter Ciiy Cwntyl. Hp$h¥e Cwnty and The Lottery. Thefvnth werestrkbj iothe purp(ÉeS8sIw. Plon ofa mop8d hyxk Chtstm4s LL¥th Club An ab)n8 Chris Day STARTlformwly R484CI Cthn5dling dhP ofrwandswalabu5e. Hk&(MrtLlSIKwmoblty vthld&$uth dethscoot&7 in Havwt Chbe5tuandI1knth8s18r ¥8a8 ComThNnity FIrstDN8r% A LrthyfiJndj 5upwwldurfry ts COVD 19 p8ndwnkndelryof[1 [rs)rt Peo•,8¥Unte8rf9 Aprowlowomobènd en(xxJi4e young F*Btovclunteer T05Up10[a resh#tsO 88s18tsncèlovdunw knlhdr¢ommunty
COhlMuNIES FIRST WESSEX ICompany4ttiiÈd bygu¥wtse noth9 a $h81&cap) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Icontlnuedl 14 STRIcTED FITrIDS I((tinU) WoolwiTirnebgnkln9 A BU Ldt tEd b&Bed w[, MpShire Park Ploy AFlay CafB bthal LeKJh Path C(xnmuniiy Centro Hawanl, Hampshye rgerySKJnpost•r Unkworker Tof¥ithsurgwbedswp05tiry CONTAIN OUTBREAJ( MANAGEMEPKFUPID To5uprtolTr9 putAheth biibahves proacth 0 rUrAth£ ¥ad of¢0 19 and EMpEoymgniHU8 AweakWSk15o&P1ub DARTIActeo Group TOproMdedWrnrr4 lianlw tow0e8 ams$ path traLs Carw5 pwbthoer4ru5 deptr¥e the NewFrKe5t Sxial rA05crftsng nots¥0 F¥ovtsity)f015UFWtforihe SocilPwsthry n8Mvkln South EastHh SBSLe8dèrddowment pTh4rammo nring trthgfcf Communitygrp1a&jarS CommunityFriwds A BelrfendlryJ8thamob8W in tsNEwFtt£st Hgafth indwelltd w1igtst0tEd intW5ty u5w ple NHSreswt TraThslor8 botwee funds 31 Marth2W 15 UNRE5TRICTEDFUNDS IrMmlTrJ OuWITr DesDdled fu8 Trdnsp0rtsC6 Havart-¥set IJ Tftnspurt Wnche5ter.a55etfund Transportwmces East H8mpsFire.8Esetfund TwSwtWvi Forest.set1llnd 9,282 5,156 6.918 3,867 11,2891 1,383 B85 31,85B 39,575 R8qllÉd r(s1Y CommuNty ¥ysl 1nyesbmIFud Gen¥a fvnd5exdudg exc6pknal I ObljdtloTrto lund wACACAF8 CFNF perfabn liibll 150,( 197.049 810.134 810.134 2,581.103 2,581.103 2,552,871 12.560,5&91 e41,318 f41,318 49, 761.134 49,0 592,318 Penskn r88eNelD8lerred pènon IIthINyUQO.OQQ 1gMebllqRtknof£4W Dn¢J rt nVentO1111 134,IXO ,258,176 Trrtal UAr6slwlcbJfvnd& 1.283.709 2 581,103 2,559.588 47,049 21
COMhlUNifiES FIRSTIAIESSEX (COryy1lm bygu&8ntÉed noth&j ashaei4) NOTES foTHE ACC(¥JNTS FI%R THE YEAR ENDED 31 MARCH 2024 l¢onflnue 15 CoMwrv•forfunds mownnt Tr4nsler8 tW88n f8 3f Marth2023 UNRESTRICTED FIJ4DS OutgeA I ApTI 2022 rosourc85 Te50urc85 Dtslgnthdfun Transport5 H[. Tran8POrt Wnthesw- as$Stfid TrnhsptyrtsVKesEa5t Hawhire. a55dfund Irlnspthsww New Fffts¢.•$8iknnd 12,436 6,875 24.685 111741 9,262 11.7961 1,844 22,889 2,268 39,575 48,106 other Re wves wlcy 350. 350,tKD 810,134 810,134 CANnMunty Fit51 Inv£stsnlFund G8rEra fvnd5 e#dudir4 lem OMlion lofrj ncheStrArEacomMuIUty A¢iioA CommuThltyacOon Far8ham pan8n IlaNI 736.716 736.71 2.366.125 2,366,125 2.2,717> I2,2,707> 49.KX) 711,134 1132,2841 2.366,125 (2,2,7) Ponslon r88•[•t[Terf rnon Ilat41Ny£1071,i0 Its•wA Tr$srv•£458,OQO, CAF of£166,000 andCFNF reserye of r245,000 and co6tsolEIJQ,LI 324,( ,624 629,( 2,995,126 8a).OCN) 133,000 1,283,709 Tclal unrestrfcted fvnd 2,301.240 e4thmuty Wi1 InNesbneniFund 16 ATr14LYSIS CF NET ASSETS BEfbVEEN FUNDS Unre8trf¢tsd R6lcted fvnd5 TDTAL 2024 TOTAL 2fj23 Fixed455ets Curr8nla88 LithiSbe5 329,968 1,134,g 2C6.787 1.258.176 45,777 628,829 21&692 457.914 375,745 1,783,825 423.479 1.716,090 270,989 2,512,430 1.1CQ.8¥8 1,682,528 11 DEFINED CoNTRIBUTIC PENSION SCHEME Thecomwy opuat8S ¥defr PEn5kn5thEm£. The a552ts olthÈSthTheare hekIsepaYfrorn trK>5BofthecoMY1n an adMIntsl81 fund. The perts1 rTthi und¥ th$ Sthwne fty 24 wos £4111g12023.. £32,879) Th¥e w 60 in the end{23." 691.
COIIMUNITIES FIRST WESSEX ICIKllpYII1I8d bYgu¥d nothiw a sh¥c8Pitall NOTES TO THE ACCOUNTS FOR THEYEAR ENDED 31 MARCH 2tr24 Iconunuedl 18 tERNEO BENEFIYFENSI( SCXEME The Comwy ¢oniDbutes lo a dpfined bpnefjts scheme Fun by HamFthire County C4Jnca ld1 b8ndts based final W$iotwb pay. Thè asstt0lth2 5the heklsep¥atdy trom thos8 ofthe CnpY in an Independentyadmini8te fund. The pS)n fund iidud¥s rnethr5 brth CthmrnuL¥ty First HEH, WirKhesiwAre3 CommuntyAci. lthich on 1 May20151, CommurityArthDn l%thKth cnb18d on 1 Aptl 20181 Cixnrnurlty FYstNewF0restlichcbln&ty 1 WI 2020 Thethrwredpen8h)nI1ItyoFElUo,LIndlthd h tha 88cteet5t3l 20241svedfr0 th8 p5) 9th8,$UaI reportknthaiy88r. hes18r ijty has to éeffiryl 4D5ing from the thd vauthn In of thctse m8mbws of th8 pmiously by WACA AI 31 2024, Ihis amjn to apWmatdy £39,852 lat 31 MaTch 2023 £36,bYJOI. Fth8m Borough CMLJI has gu¥andIjvnts1e gny defi01151 Iw the p¥IL frjnd ¥uatk4) th Mp8rtofthos8 mthmbers Dfth8 5theffie prewou5ty by CAF A31 Mch 2024. ihi5 edVrOrnldy£l3,8l. lat 31 Marth 2023£124031. The OtriblOn5 w8 dwmSnad by a qu81W a¢Y ¢n the basi% of tyiEnrda ati5 Using the unft mthd. Th8 most I1 fvll ValLt a5 a131 hfjaTtN 2021 bgw upd8W 10 althe bthncesheglthte, The ès5umFiws th8th Ihe mostsigniflcanltffeclon th& re5uK4 ol the valuthn are those [[ to the ral2 of r&um investmwts the rate of increase In salaries pon$. k w89 as£umd by the aCtUarknthdtyea55¥thldWage2.8%xYWarIlthatIhe preseTrld fijiureFlNsOU1d Incr9 atthe raLao12.8% pwyear. Th8 KC PertsKM knility sho kn the AcnL% fs b35d last HCC Pensiw FvThY (the valuthn dabj 31st M8r¢h 2022 and hav& b8w thesumpayalgtothe sch0 hadctrxmurty Fit51exited the8thwEatUtdgte. The gch8me h88 a tcpup paYmts arrydfNJBfftEtrt ITr pLgce kn vthlth 5the rnembets. IncbJdkn9 ffimurty Fysl, cCte to ensuie that the sch0 becunesfullyfvnded, with(xrtally neediDincurexilllaNSb85. at Uend ofa 22yewpEricd speciffiedby theNCCarth. FkAYever. Communlty Flrsl &xll th&6th8mo e.g. the la51 le4¥85, bBfore the ollhe 22 year pericl. theie be8 du exillSablty, th8 scae ¢fvlith the (uurs ihe extent the t4).up arrang&mtr ha%E reduced Ihe outsdIr e1 ab85 eyii 8rÈ liBbi105,. HCC ha5 rewJni6ed that rnaiy be ab to afford 1 pymenis.whKthtk1 0lÉaln$ #llltyto ConUe. re5ulbrffj in thil)5s o1vduablecomrnunty88c88. c0n88quty. HCC has thB basis whith Inveslmnts we mwje Jsing these (unds. th fvtllre m8n89ir thdr Instments in thè 5atne way a5 funds &e m3ne tr HCC and other Lqrge org8nlsaOon8 In the $th8m8. Th& Imp&1 ¢hange, basel on w e1 a5 al 31 Ilaith 20tt. would b£ ioreduceth&toW 1i8trlltydcommLty F$t0m£675,Q1o£lIYj,l, whith beca5 thE IWofthguyaw5th. Th8 pe1 L4wgetstheye8rw&s£2728212D23£314321, Thedgfina kneffil sthem9 ikned to m8mb8rs ?j Éo th& prrd unil mthod tho rrtl¢C(I be to uKrease ov meas n)Bmbersdlhe Sche£ppro rthemeTht )24 023 Vakreofscftemeassswdll8b Fair¥alueola55ets Pre8eTrt¥Ue off bIlitS Pen&on8theme 3.781.0 3,881.LhJO 1(.()0 3.516,000 3.fJJ8,OUO Se?51 Interestttl (21,QWI 4,0 158.0001 19.OUO 12S0001 16,(YX) i.otK) 18.(YJOI (77,rMI 31,0 Conblbjkffjs Acthaa11th59s9dn5 on &8•ts andKllltie8 inthe ye PeTrslon 5dwmè #ii Aprfl . WACA 563.( 136,6eAI 112,4031 118,Y51 23,988 I289,0) - CFNF - CFHEH 1139.0001 176,000 675,( 92.r SLknedEfrrA"lat31 M¥ch IrN).(D) 23
COMMUNlEs FIRST WESSEX {Comp Smited byguarÈntÈÈ noththNJ ashare ¢apitll NOTESTOTHE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2Q24 Icontknuedl 19 RELATED PARTIES NootherrdaE8d p8rtytr•K5 haveo(¥x¥redotherth thosenoted In th8•>jL%. CNTROLLINC PARTY TheUln8le ptyrllhe lty tobe theBoaFdQlTrusi8. 21 OFEPATING LEASE COMMITiIENTS A8at31 M8rth 2024 the ¢hWityhlureffwnlrnurn lep¥ts undw nOn<Cl8blFatinll knE5 rd(Ms,' bng leasesh wlrv. Lar and bulldlr 2024 20YJ 2023 thin1ye 2 to5y&8 34.Y8 33,981 89,178 85,988 85,772 19,800 16.500 Wthln th9SthmwtclAn8nd81Athfj88aÈ &XPthSÈS t(4alliny£1.613 rdab.ng t00w9 W8s t2023£11&2951 CAPITALC(MIITMENTS As#31 24 the companydkl nDlha¥6y¢apital ¢ommthMts12Qf8£24,57n 23 POST BALANCE STrEETEVETr (kn IstWemb8r2024 the thpWy5ted an a]reThI10 m8DJ8 wlth anon IncwF*Bd thaity bed iTrG05puLHanp5h"re £f[tivE 15tOctc&er 2024. RECONCILL4TIQY4 OFNET MOvENT IN FUkl)S70 NETCASH FLOWFROM CERnNG ACTMTIES 2024 2023 NEtmovem8nllnfun A¢baCkdapatM chas Aldprofft thsp0sa1olfflx IGthylwlon Yes Dthcllnter88lIrm8¥thLN in i0$ Inuw8 slock DeuesseInc[ea381ln d81A( Intyeasellde(xe&el in uedfftoTS MOl8n11n N8t¢•th 33, 51,517 43.093 113,W81 110,0521 6,9 (2,4021 12,1541 82.583 1585,4141 8.000 434,981 29,M7 583.0 409.314 24
COMMUNITIES FIRST WESSEX ICtthpy limited byguar8ntee not hdying aShe¢aptta NOTES TO THEACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Icontlnuedl 25 COMPlATE STATEMElf QF FINAIKIALACTMTIES STATEMENT OF F5NANCIAL ACTNITIES FOR THEYEAR ENDED 31 MARCH 2023 InctAY8ndEwdJreAcwJni) Unr6Strfcted Restrlct funds bJnd8 Totsl 2023 2022 ITrLo Lhjnakns 1)89$ 1nvesknt Irtsxm6 Tiading InC0e KI1$thIeJsine 18.072 2,350 1&312 52 118,517 95 2,402 22,410 22,410 19,815 ChariWAeactMlk%s Granis & contr F¥$ revenue Rantsllnctrn Other8 1,731.030 161,392 174,5Q4 256,367 933,&28 1664.658 161,392 193,507 26&771 2,810,227 I30,& 19.003 12,404 274,529 TQTAL IPKOME 2,366,125 9.400 3.346.525 3,324.637 EXPENOWLIIE chIleac1ll8B 2,2g4,246 g67,L 3261,251 Obl9abon futrd C4AnmtyFtstN F(KOSE pens li8trAltyeXp8ed TOTAL EXFENDrruRE 2.294,246 ,rth 3,261,251 3.111921 Netlknsse8ygaln8on In¥e6tm8nts 16,9341 16.9341 6,047 NET INCOMEqEYPENDITUREI BEFOftETPANSFERS 18, 78,280 217,763 TRANSFERS SEtWEEN FUNDS 14,f5 Au#rf(Io$s¢lV91Irrf6 on Wned bBnefApen51onfundB 18 629.( 457,0 NEf INCOMEIEYFENDITUREIFOR THE YEAR W8,885 13,395 707.280 674.764 FUND BALANCES BROiIGHT FORWARD 589,824 385,422 975.246 F114D 8AIIXESCARRIEDFORWARD 1,283,70Y 398,817 1,682.526 975,246 Th8$tmt(rfci xiviWindudeB aDgans8nd Ic&s&% wpJn188d In theyew. Al 8xpeIr8d(N8s1r0b c(mbnulng 25