COMPAhlY REGISTRATION NUMBER 08233813 PORTCHESTER COMMUNITY CENTRE LIMITED {A company limited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 20Z4 PORTCHESTER COMMUNITY CENTRE Charity Number 1150814 I Iiiwiiiii 'AEC6VXIJR* 3010912025 COMPANIES HOUSE A29
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PORTCHESTER COMMUNITY CENTRE LIMITED FINANCIAL STATEMENTS PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE CONTENTS PAGES Trustees Annual Report Ito6 Independent Examlner's Report Statement of Financial Activities {incorporating the income and expenditure account) Balance sheet Notes to the financial statements IOto16 l J .J PORTCHESTER COMMUNITY CENTRE Portchester Communlty Centre Westlands Grove Portchester Fareham P016 9AD Tel.. Email: 02392 321787 info@portchestercommunitycentre.co.uk Website: www.portchestercommunitycentre.co.uk
PORTCHESTER COMMUNITY CENTRE LIMITED TRUSTEES ANNUAL REPORT PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE OBJEcfivES OF THE CHARITY Portchester Community Centre Limited is a charity created on the 28th September 2012 to manage and operate the community centre in Portchester, for the benefit of all the residents of Portchester and the surrounding area. Our aim is to provide an environment and the support services whereby people from the community are motivated and enabled, to develop and operate their own clubs, activities. services for the benefit of the whole community. The emphasis is to not just provide services to the community, but toencouragÈthe communityto work together to provide the services they want. for each other, whilst ensuring a diverse and cohesive Service provision. We undertake regular networking with other providers in the area to establish comprehensive provision enabling us to signpost where appropriate, and streamlining provision to ensure the needs of the community are met. Where somebody wants to establish and run thelr own club or activity, and they meet the criteria of our Code ofconduct, we work with them by provldln8 them wlth the support they need to develop their idea and establish the activity. Where there are gaps in community provision or In the demographics of the users of the Community Centre, the community outreach worker seeks to Identify these needs, enabling us to provlde the servlce ourselves, until someone from within the community wishes to continue the service themselves. Where groups become established and able to support themselves, we encourage interested parties to take over the activity and continue to run it. This encoura8es involvement and ideas ownership from the community to the communlty. Regular focus groups take place and market research within the community Inot just those users at the Centrel. io ensure we are identifying and providing the service5 that the community wants and maximisin8 the use of the Community Centre within the community. In order to ensure that we are meeting our goals for the Community Centre we monitor the numbers and range of users using the services, to ensure that we are reaching Out to as much of the community and to as wider spectrum of users a5 possible. VISION Our vision is a Community Cèntre where a wide range of activities are run for the whole community, so that all Users, of all ages can socialise with other members of the community in activities of entertainment and art, and improving their health, fitness, and general wellbein8. It is about bringing the community tO8ether. to develop programs of activities and services that benefit the whole community. with the Community Centre properly at the heart of the Portche5ter community.
PORTCHESTER COMMUNITY CENTRE LIMITED TRUSTEES ANNUAL REPORT l¢ontlnuedl PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE REFERENCE AND ADMINISTRATIVE DETAILS The Trustees, who are also directors for the purposes of company law, present their report and the financial statements of the charity for the period ended 31st December 2024. Registered charlty name Portchester Community Centre Limited Charity re8lStratlon number 1150814 Company re8lstratlon number 08233813 Charlty address Portchester Community Centre Westlands Grove Portchester Fareham Hampshire P016 9AD Re8lStered offlce 3 Acorn Buslness Centre Northarbour Road Cosham Portsmouth Hampshire P06 3TH Trustees James Blake Richard Carlyle Karen Fryatt John Knight Cllr. Paul Nother Susan Walker Cllr. Nicholas Walker Cllr. Paul Whittle Cllr. Lisa Whittle (Chair of the Trustee51 appointed 14 May 2024 appointed 3 September 2024 resigned 14 May 2024 appointed 3 September 2024 appointed 3 June 2025
PORTCHESTER COMMUNITY CENTRE UMITED TRUSTEES ANNUAL REPORT (contlnyed) PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE ACHIEVEMENTS AND PERFORMANCE IN 2024: Building on the Successes shared in 2023, we have contlnued in 2024 to expand the resources offered to our community by looking to provide our services for all ages whether it is for the very young and their new mums with variou5 groups for new babies and progressing into play learning to support their start their educational journeys through the onsite nursery. We continue the journey through all age groups offering dance and various forms of exÈrcise groups to children, young adults, and other clients of all age groups. We have supported the medical profession by hostin8 monthly blood donation events, offerlng our facilltles to NHS training events and supporting our GP services with venues for seasonal inoculation campaigns. We also provide facilities for the 'Strong and Steady, group to help people recovering from more serious illnesses and a new regular hire providin8 monthly Drug link sessions. We have a total of 5iXty-one 161) regular hirers and nine 191 centre run 8roups. New durin8 2024 Is the establishment of a Dementia Hub which has grown from one111 session a week to three131 daily hirings offering friendly 8roups to both newly diagnosed and existing dementia palient5, Wlth help and advice whi15t providin8 ongoing support and advice to both them and those that care for them. A complimentary activity to the Dementia Hub is Corals Kitchen, which provides weekly support to those less able by teachin8 them cookin8 skills Iwhllst their carers relax) and subsequently allowing them to serve a meal to thelr carers1 support workers. These groups and activitie5 continue to expand on the themes to promote wellbein8, i.e. yo8a, Pilates, meditation. which have brought opportunities for social and healthy activitles amongst the communlty. The introduction of the dementia hub expand5 this coverage and allows us to add focus on all abilities includlng those listed and neurodiversity. With an interesting variety of new hirin8s Includin8 bookln8s for Active8minds. Country Dancing. Beekeepers Association in addition to those Stated previously stated. We also provide a weekly hirin8 to a culturally healthy African church community, and it has become a trend to offer facilities for South Asian and Arabic cultures and their Mehndi parties these centres around pre-wedding ceremonie5 - a festive event to symbolise good fortune and joy for the bride, the groom and thelr respective family and friends. Events: We continued with our own events in the form of the annual beer festival which 2024 agaln was well attended, and the profits went towards funding for much needed kitchen equipment. We repeated many of the regular events that our community so enjoy and expanded on children's parties at Easter, Halloween, and Christmas Additional hirers regularly include for many through life celebrations Including baby showers, parties for bifthdav of all ages, engagements. weddings and anniversaries and funeral wakes. Plans: The forecast for 202S looks bri8hter as bookings are robust and hirers are now more confldent and seem to be financially stable. We are looking to continue with the wellbeing and social support and encouragement of new hirers who may assist in us reaching the wider demographic. We are developlng plans to introduce a Café within the Courtyard of our Community Centre- this will be run bv volunteer5 of all ages and abilities and may be supported by some of the budding cooks from Corals Kitchen We are also working towards the establishment of a Repair Café where we plan to Use the skills of locals and hold a weekly workshop to allow members of the community to bring in items for repair and reuse.
PORTCHESTER COMMUNITY CENTRE LIMITED TRUSTEES ANNUAL REPORT Icontinuedj PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE ACHIEVEMENTS AND PERFORMANCE IN 2024 Icontlnuedj Management: As previously shared in 2023 the recovery from the effects of COVID, it5 closures and regaining the confidence of hlrers along wlth added competition for hall hire has had a significant impact on our finances. In addition, 2024 saw a substantial increase in the utility charges and whilst we manage the Community Centre through an agreement with the local school this is not sustainable. For the future we will see an end to this agreement in 2025 and we will become a self-managing Community Centre. This change will provide the opportunity to save money and improve our finances thus allowing us to reinvest in vital maintenance at the centre. All financial aspects will be reviewed and whilst we plan to ensure that the centre is always manned when the buildin8 is in use, we must consider staffin8 Costs and the most effective way of managing these for the future. Volunteers and partnerships: We continue to grow valued volunteers and look to build sponsorship for events from local businesse5. Our volunteers asslst with centre cover. administration, IT support, and flrsthand help with our events. We continue to look to expand these volunteerin8 groups and the provision of actlvities at the centre. Marketlng and publlclty: The centre has a solid reputation within the community and word of mouth advertising, local businesses, community notice boards and our website are also used to promote our facilities and events, However, trustees are keen to promote our facilltles further and look to attract skilled volunteers to help improve our knowledge and use of specialist tools e.g. the use of social media. FINANCIAL REVIEW The Statement of Flnancial Activities, set out on page 8. shows the income and expenditure of the charity for the year ended 31st December 2024, with comparative showing the year ended 31st December 2023. The last few years have been difficult financial years for the charity. as Ilke many charitable organisations In the UK during this period, the charity has been affected by the cost-of-living crisis, with hlgh cost inflation impacting the charity's own costs as well as impactin8 the revenue from users of the Community Centre due to reduced footfall. During 2024 and Subsequently, the trustees and the management of the charity have implemented several strategies to reduce costs and increase revenues to protect the continuance of the charlty going forward. Despite the economic environment the charity recorded an intrease in its unrestrlcted revenue generation for the year ended 3 1 December 2024 of £169,83312023 - £160,720) and was able to keep cost5 to a similar level as the prior year at £164,11412023 - £169.0401. Overall. the charity recorded a rnodest surplus on unrestricted funds for the year of £5,71912023 deficit of £8,320}. Bank balances remain low on 31st Oecember 2024 due to the charity needing to use its cash reserves to fund its operations during the Covid-19 affected period5 and not recovering subsequently due to the cost-of-living crisis period. The charity's bank balances continue to be carefully managed to ensure the charity has sufficlent resources to meet its obligations as they fall due and to continue the successful operation of the charity on a sustainable basis, for the foreseeable future.
PORTCHESTER COMMUNITY CENTRE LIMITED TRUSTEES ANNUAL REPORT Icontlnuedj PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE STRucfuRE, GOVERNANCE AND MANAGEMENT Or8anisation The charlty Is an incorporated company limited by guarantee, re8lStered with the Charity Commission and the Registrar of Companies in England and Wales. The charity W35 established to operate the newly constructed community tentre in Portchester for the benefit of the local inhabitants of Portchester. which was opened and started activities on 7th January 2013. The charity was under the control of Its Board of Trustees throughout the period and is 8overned by its Memorandum and Articles of Association. The Board of Trustees is made up of an equal number of representatives appointed by Fareham Borough Council and Portchester Community School, plus further Trustees appointed from the community and local businesses. to provide a balanced Board of Trustees. The Board of Trustees meet regularly to assess the performance of the charity and to make strategic decisions on the charity's ongoing activities. Such decisions are made by the Trustees of the charity on a majority vote basis, where each trustee has one vote. Theoperational management ofthecommunity centre Is performed bythe Centre Mana8ers who report directly to the Trustees. Rlsk Management The Board of Trustees carefully monitors the financial performance of the charity and the availability of its financial resources, The management accounts of the charity are evaluated by the Trustees at every board meetlng and approprlate actlon Is taken where necessary to address risks as they arise. The charity's bud8et Is monitored closely, and every effort is made to ensure our operatlons are as efflclent posslble. Prospective Trustees can apply to the existin8 Board of Trustees if they wish to become a trustee of the charity. New Trustees are briefed as to their le831 obll8atlons under charity and company law, the contents of ihe Memorandum and Article5 of A550ciation, and the charities policies and procedure manual. They will also be briefed on the board structure, budgeting and other financial matters and the 8eneral operating procedures of the charity. Reserves Pollcv The aim of the Trustees is for the charily to malntain a positive cash flow to meet its financial commitments. The eventual aim is to build up sufficient unrestricted funds in reserves to cover future potent131 maintenance costs on the building and to allow the community centre to remain open wlthout trading for a period ofthree months. Public benefit statement The Board of Trustees are satisfied that they have fully complied with the duty in section 4 of the 2011 Charities Act to have due regard to public benefit guidance i55ued by the Charity Commission, and that the mission, aim5 and activities of Portchester Community Centre Lirnited meet with these criteria.
PORTCHESTER COMMUNITY CENTRE LIMITED TRUSTEES ANNUAL REPORT Icontinuedj PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE STRucfuRE, GOVERNANCE AND MANAGEMENT Icontlnwdl Responsiblllties of the Trustees TheTrustees Iwho are also dirertors of Portchester Community Centre Limited for the purposes ofcompany lawl are responsible for preparing the Trustees Annual Report and the financial statement5 In accordance with applicable law and United Kingdom Actounting standards Iunlted Kingdom Generally Accepted Accounting Practice}. Company law requires the Trustees to prepare flnancial slatements for each financial year, which 8ive a true and fair view of the state of affair5 of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financlal statements, the Trustees are required to: select suitable accounting policies and then apply them conslstentlv. observe the methods and principles in the Charity SORP 2015 IFRS 102), rnake Jud8ements and estimates that are re350nable and prudent. State whether applicable UK Accounting Standards have been followed, Subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the 8olng concern basis unle55 It Is Inappropriate to presume that the charitable company will contlnue In operation. The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracv t any time the financlal positlon of the charitable company and enable them to ensure that the flnancial statements comply with Companles Act 2006, They are also responsible for 5afe8uarding the a55ets of the charitable company and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the malntenance and integrity of the corporate and financial information included on the charltable company's website. Legislation in the United Kingdom 8overnln8 the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small company provlslon$ This report has been prepared in accordance with the special provisions for small companles under Part 15 of the Companies Act 2006. Registered office: 3 Acorn Business Centre Northarbour road Cosham Hampshire P06 3TH Signed by order of the Trustee5. James Blake Trustee 2025
PORTCMESTER COMMUNITY CENTRE LIMITED INDEPENDENT EXAMINER'S REPORT PORTCHESTER YEAR ENDED 31st DECEMBER 20243 COMMUNITY CENTRE INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF PORTCHESTER COMMUNITY CENTRE LIMITED I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31st December 2024, which are set out on pages 8 to 16. Responslbllltles and basis of report As the charity trustees of the charitable company land its directors for the purposes of company lawl you are responslble for the preparation of the accounts in accordance with ihe requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitable company's accounts as carrled out under section 145 of the Charities Act 20111'the 2011 Act'}. In carryin8 Out my examination I have followed the Directions given by the Charity Commission under section 14515llb) of the 2011 Act. Independent examlnerfs statement I have completed my examination. I confirm that no matters hav examlnation 8ivin8 me cause to believe that in any material respect: n in ¢onnection with the accounting records were not kept in respect of the company as required by section 386 ofthe 2006 Act: or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 386 of the 2006 Act oiher than anv requirement that the account5 give a 'true and fair view, which is not a matter considered as part of an independent examination,. or • the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accountin8 and reporting by charltles appllcable to charltles preparln8 their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021. I have noconcerns and havecome across no other matters in connection wlth the examination to which attention should be drawn in this report to enable a proper understandin8 of the accounts to be reached. Signed: Danny Porter FCA 2025 for and on behalf ofTC Group 3 Acorn Business Centre, Northarbour Road. C05ham, Portsmouth P06 3TH
PORTCHESTER COMMUNITY CENTRE LIMITED STATEMENT OF FINANCIAL AcnviTIES (INCORPORATING THE INCOME AND EXPEMDITURE ACCOUNT) PORTCHESTER COMMUNITY CENTRE YEAR ENDED 31st DECEMBER 2024 Unrestrlcted Funds Restrlrted Funds Total Funds 2024 Total Funds 2023 Note INCOMING RESOURCES Incoming resources from activities for generating funds.. Voluntary income Community fundraising and events Inroming resources from charitable activities 123 19,100 150,610 123 19,100 150.610 200 20,891 149,226 TOTAL INCOMING RESOURCES 169,833 169.833 170.317 RESOURCES EXPENDED Costs of 8enerating funds: Community fundraising and events Charitable activities (8,755} 1155,359} (8.7551 (155,3591 18,096) 1160,944) TOTAL RESOURCES EXPENDED {164,1141 1164,1141 1169,040) NET MOVEMENT IN FUNDS 5.719 5,719 1,277 RECONCILIATION OF FUNDS 8rou8ht forward at 1st January 2024 Transfers between funds 17441 9.597 9,597 19,5971 8,8S3 7,576 TOTAL FUNDS CARRIED FORWARD 14,572 14.572 8,853 NOTE: Total incoming resources Total resources expended 169,833 1164,114) 169,833 1164,114) 170,317 1169,0401 NET INCOMING/(OUTGOINGI RESOURCES BEFORE TRANSFERS 5,719 5.719 1,277 The Statement of Financial Activities includes all gains and1055e5 in the period and, therefore. a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuin8 activities. The notes on page 10 to 16 form part of these financial statements.
PORTCHESTER COMMUNITY CENTRE LIMITED BALANCE SHEET PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNJTY CENTRE At 31st Dec 2024 At 31st Dec 2023 Note FIXED ASSETS T3n8ible assets 9,184 1,611 CURRENT ASSETS Debtors Cash at bank and in hand 9,354 17,398 11,328 27,328 26.752 38,656 CREOITORS: Amounts fallln8 due wlthln one year io 121,364) 131,414} NET CURRENT ASSETS 5,388 7,242 NET ASSET5 14,572 8,853 FUNDS Restricted income funds 12 9,597 Unrestrlcted income funds li 14,572 17441 TOTAL FUNDS 14,S72 8,853 These financial Statements have been prepared In Accountln8 and Reportln8 by Charltles: Statement of Recommended Practice applicable to charities preparin8 their accounts In accordance wlth the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Icharities SORP IFRS 102}I, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. For the year ending 31st December 2024 the charitable company was entitled to exemption from audit under Sertion 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtaln an audlt of its accounts for the year in question in accordance with Section 476. The directors acknowledge their responsibilities for complying with the requlrements of the Act wlth respect to accounting records and the preparation of accounts. These financial statements were approved by the Trustees on19J 112025. and are signed on their behalf by.. James Blake Trustee and Treasurer Company Registration Number 08233813 The notes on page 10 to 16 form part of these financial statements.
PORTCHESTER COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE ACCOUNTING POLICIES Company informatlon Portchester Community Centre Limited1082338131 15 a company limited by guarantÈÈ incorporated in England and Wales and is a registered charity111508141. The registered office is 3 Acorn Business Centre, Northarbour Road, Cosham, Portsmouth P06 3TH. Basis of accounting The financial statements have been prepared in accordance with Accountin8 and Reportln8 by Charltles: Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charitie5 SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companles Act 2006. Portchester Community Centre Limited meets the definition ofa publlc benefit entity under FRS 102. Assets and liabilities are initially recognised at historical c05t or transaction value unless otherwlse stated In the relevant accounting policy notes. Golng concern The year ended 31 December 2024 continued to be a financially difficult year for the charity, as like many or8anisations in the UK during that period, the charity was affected by the cost-of-livin8 crisis, with hi8h- cost inflatlon Impactlng the charily'5 own costs and reduced footfall durin8 the year. As set out in the statement on the Re5pon5ibilities of the Trustees on pages S to 6, in preparing these financial statements the trustees are required to prepare the financial Statements on the going concern basis unless it is Inappropriate to presume that the charity will continue to operate. In satisfaction of this responsibility the trustees have considered their expectations for the charity over the next 12 months and the charity's ability to meet its liabilities as they fall due, based upon the information available to the trustees at the date of these financial Statements, These forecasts suggest that the charity will be able to generate sufficient resources to enable it to continue to operate for the foreseeable future. Accordin8ly, the Trustees have prepared the financial statements on the goin8 concern basis. -io-
PORTCHESTER COMMUNITY CENTRE UMITED NOTES TO THE FINANCIAL STATEMENTS PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE ACCOUNTING POUCIES lcont1nrfl Incoming resources All incomin8 resources are included in the statement of financial activities when the Charity is entitled to the Income and the amount can be quantified with reasonable accuracy. The following specifit policies are applied to categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant. Donated service5 and facilities are Included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Income from the hire of the communlty centre's facllities and room5 is recognised at the date of the hlre. Operatlng lease agreements Renta15 appllcable to operatin8 leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease. Resources expended. Expenditure Is reco8nised on an accruals basis as a liability is incurred. Expenditure Includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Costs of 8eneratln8 funds comprise the cosls associated with voluntary income and the costs of fundraisin8 purp05e5. Fundraising Costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Charitable expendlture comprises those costs Incurred by the charity in the delivery of Its actlvltles and Services for Its beneficiaries. It includes both costs that can be allocated dlrectly to such activities and those costs of an Indirect nature necessary to support them. Flxed assets and depreclatlon All fixed assets are initially recorded at cost. Depreciation 15 calculated so as to write off the cost of an asset. less its estimated residual value, over the useful economic life of that asset as follows: Office Equipment 25% straight line Fund'5 5trurture The charity has a number of restricted income funds to account for 3 situation where a donor requires that a donation must be spent on a particular purpose or where funds have been raised for a specific purpose. Unrestricted income funds are funds available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Oesignated funds are funds set aside by the Trustees out of unre5trirted income funds for specific future purposes or projects. li-
PORTCHESTER COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE INCOMING RESOURCES FROM AcfiviTIES FOR GENERATING FUND5 Unrestricted Funds Restrtcted Funds Total Funds 2024 Total Funds 2023 Voluntary Income Donations- Miscellaneous Communityfundralslng and events Fundraising events and other income 123 123 200 19,100 19.100 20,891 19,223 19,223 21,091 INCOMING RESOURCES FROM CHARITABLE AcfiviTIES Unrestrlcted Fund5 Restricted Funds Total Funds 2024 Total Funds 2023 Servlces provlded to users of the communlty centre Community user groups 47,155 Commercial user groups providing 78,827 service5 to the public Private hire by members of the publlc Government grants Local government grants 47.155 78,827 40,047 81,136 24.628 24,628 18,446 9,597 150,610 150,610 149,226 COSTS OF CHARITABLE ACTIVITIES Unrestrlrted Funds Restrlcted Funds Total Funds 2024 Total Funds 2023 Staff salaries Costs of community own provisioning Centre management char8es Rent Utility and energy costs General maintenance and cleaning costs Print. post and stationery Telephone and internet Advertising Insurance Licensing costs Accountancy fees Unrecovered debtors Oepreciation of office equipment 64,572 258 20,529 4,905 24,141 27,610 64,572 258 20.529 4,905 24,141 27,610 2,084 65.029 846 40,697. 4,961 13.969 24,839 2,468 1,257 149 loo 2.295 1,944 2,088 302 21 1.292 2,744 4,068 21 1,292 2,744 4,068 2,283 2.283 155,359 155,359 160.944 -12-
PORTCHESTER COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE NET INCOMING RESOURCES FOR THE PERIOD This is stated after charging: Z024 2023 Depreciatlon 2,283 302 STAFF COSTS AND EMOLUMENTS Total staff costs were as follows: 2024 2023 Wage5 and salaries Training and other staff costs 62,306 1.266 62,940 2,089 64,572 65,029 Partl¢ulars of employees: The average number of employees during the year was as follows: 2024 No li 2023 No li Number of centre staff li li During the year Portchester Community School continued to provide members of it5 Staff to assist with the management of the charity. Such persons were employees of Portchester Community School and not the charity, hence are not included in the figures above. During the year ended 31st December 2024 Ihe charity pald Portchester Community School £20,52912023 £40,6971 in respect of the m3naBement services provided by employees of Portchester Community School. No remuneration was paid to Trustees during the period. RELATED PARTY TRANSAcfioNS Richard Carlyle is the Headteacher of Portchester Community School. At the 31st December 2024, the charity owed Portchester Community School £3,185 12023 - £9,746), which Is disclosed within 'Other creditors. Councillors Paul Whittle, Lisa Whittle and Paul Nother are councillors of Fareham Borough Council. During the year ended 315t December 2024, the charity paid rents totallin8 £4.90512023 - £4,961) to Fareham Borough Council for the use of the community centre building. James Blake is an employee of the accountancy firrn, the TC Group. Durin8 the year ended 31st December 2024 the TC Group provided payroll and accountancy service5 to the charity totallin8 £4,068 {2023 £1,944). -13-
PORTCHESTER COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE TANGIBLE FIXED ASSETS Office equlpment Total COST At l January 2024 39,907 39,907 Additions 9.856 9.856 At 31 December 2024 49,763 49,763 DEPRECIATION At l January 2024 38,296 38.296 Char8e for the period 2,283 2,283 At 31 December 2024 40,579 40.579 NET BOOK VALUE At 31 December 2024 9,184 9,184 At 31 December 2023 1.611 1.611 Fixed asset addltlons during the year ended 31 December 2024, prlmarlly relate to lightin8 Upgrades which were funded from restricted funds (see note 121. DEBTORS At 31st Dec 2024 At 31st Dec 2023 Amounts receivable from faclllty hirers Prepayments and accrued income 4,317 5,037 6,894 4,434 9.354 11.328 10. CRÉDITORS: Amounts fallin8 due wlthln one year At 31st Dec 2024 At 31st Dec 2023 Amounts owed to third party supplier5 Accruals Deferred income Payroll treditors {includin8 wages and taxes) Other creditors 3,174 3,892 7,498 1,925 4,875 1.056 2,143 8,803 4.666 14,746 21,364 31.414 -14-
PORTCHESTER COMMUNITY CÉNTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE 11. UNRESTRicfED INCOME FUNDS Balance at 31 Dec 2023 Incoming resources Outgolng resources Balance Transfers 31 Dec 2024 2024 analysis General fund Slnkln8 maintenance fund 120.744) 20.000 169,833 {164.1141 9.597 15.4281 20,000 Unrestrirted funds 1744} 169,833 <164.114) 9.597 14.572 General fund The General fund is the 'free reserves. of the charity allowing for all designated funds. Slnkln8 malntenance fund The Sinking maintenance fund Is a designated fund created by the Trustees to provlde for potential future costs of maintaining the Portche5ter Community Centre buildin8. Balance at 31 Dec 2022 Incomin8 resources Outgoing resource5 Balance 31 Oec 2023 2023 comparatlve Transfers General fund Sinkin8 maintenance fund 120,4241 28.000 160,720 1169.0401 8,000 18,0001 120,7441 20,000 Unrestricted funds 7.576 160.720 1169,0401 1744) 12. RESTRICTED INCOME FUNOS Balance at 31 Dec 2023 Incoming resources Resources expended Balance at Transfer$ 31 Dec 2024 2024 analysls Lightin8 fund 9.597 19,597) Restrlcted funds 9,597 19.597) Balance at 31 Dec 2022 Incomlng resources Resources expended Balance at 31 Dec 2023 2023 comparative Transfer5 Lightin8 fund 9,597 9,597 Restricted funds 9,S97 9,S97 Lightin8 fund The Lightin8 fund was established in 2023 to fund the costs of upgrading the lighting within the Community Centre onto energy efficient LED lights, The installation works were completed in February 2024 and fully utilised the funds received. The c05ts of the lighting upgrade are included within fixed assets, and hence within these financial statements the restricted funds have been released to reflect the satisfaction of the restricted purpose of these funds having been met. The charity would like to thank the generous support of Fareham Borough Council and Hampshire County Council for their grant5 towards this project. 15-
PORTCHESTER COMMUNITY CÉNTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS PORTCHESTER YEAR ENDED 31st DECEMBER 2024 COMMUNITY CENTRE 13. ANALYSIS OF NET ASSETS BEfwEEN FUNDS Unrestrirted funds Restrlcted funds Balance 31 Dec 2024 2024 analysis Tangible fixed assets Cash at bank and in hand Other net current liabilities 9,184 17,398 (12,0101 9,184 17.398 {12,010) Total Funds 14.572 14,572 Unrestricted funds Restricted funds Balance 31 Dec 2023 2023 comparative Tangible fixed assets Cash at bank and in hand Other net current liabilities 1,611 17.731 120,0861 1,611 27,328 120,086) 9,597 Total Funds 17441 9.597 8.853 -16-