REGISTERED CHARITY NUAIBER.. 1165822 WATERL¢JOVILLE AREA COklMUNITY ASSOCIATION cro FINANCIAL ST A TEMENTS YEAR ENDED 31 MARCH 2024
WATERLOOVILLE AREA COMMUNITY ASSOCIATION CIO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Contents Page Trustees, Annual report Independent Examiner's Report Statement of Financial AclivrtJ"es 10 Statement of financial position Notes lo the Financial Slalemenls 12-20
CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1 April 2023 To 31 March 2024 Charity name: Waterlooville Area Community Association CIO Charity registration number: 1165822 Objectives and Activities SORP ref¢rence Para 1.17 Summary of the purposes of the charity as set out in its governing document The Objects of the CIO are to promote the benefit of the inhabitants of the area of benefit without distinction of sex, sexual orientation, age, disability, nationality, race or of political, religious or other opinions, by a55ociating together the said inhabitants and the statutory authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants To establish, or secure the establishment of a Community Centre and to maintain and manage the same Iwhether alorie or in co- operation with any statutory authority or other person or bodyl in furtherance of the Objects. To promote such other charitable purposes as may from time to time be determined. The Charity Shall be non-party in politics and non-sectarian in religion. The area of benefit shall be Waterlooville, Cowplain. Purbrook, Widley and neighbourhood arbd more specifically defined as Portsdown Hill Road to the South, A3IMI to the east, Woodcroft LanelLovedean Lane/Portsmouth Road/Dell Piece West to the North and Newlands Lane/Widley Walk/Closewood Road to the West
Summary ofthe main activities in relation to those purposes for the public benefit, in particular. the activities, projects or seNices identified in the accounts. Para 1.17 and The main activities for public benefit is to-. (al provide a safe, warm and welcoming environment and offer public facilities that are modern. clean and environmentally sustainable,. Ibl promote the availability of classes for further education, relaxation, personal well-being, and social and emotional support,. Icl bring together in conferer)ce representatives of voluntary organisation, Government departments, statutory authorities and individuals,. Idl arrange and provide for, either alone or with others, the holding of exhibitions, meeting, lectures, seminars and training cour5e5,' lel collect and disseminate information on all matters relating to its objerts and to exchange such information with other bodies having similar objects,. raise funds and invite or receive don3tion5 and contributions for the furtherance of the Centre's facilities and offerings. statement confimiing whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Parg 1.18 I can confirm that our current board of Trustees are in receipt of the guidance Public benefit: rules for charities Addltlonal Information (optional) You ma choose to include further statements where relevant about.. SORP referen This CIO does not award Grants. Para 1.38 Policy on grant making WACA CIO does not make any direct financial investment to any group of people. It does however make indirect social investment through running a dementia café and social dancing. both these activities are being run by Trustees who take no financial benefit for their services. Policy on social investment including program related investment Para 1,38
Contribution made by volunleers Paia 1.38 See above. Also, the Board of Trustees make decisions regarding the running and administration of the Charlty. All members are volunteers and receive no renumeration. Other Achievements and Performance SORP ference Summary Df the main achievements of the charÈty, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. The Charity continues to provide the infrastructure for varying groups. whether health and well-being or social and leisure activities, providing social tnleraction to combat loneliness within society. Par4 1.20 The local inhabitsnts know that the Centre provides a safe haven or refuge for those with mental challenges; reception staff are trained in the dealings of such, and offer help and guidance where needed. The Charity also provides a Memory café on a bi-monthly basis, offering friendship, signposting and support for those living with dementia and their carers through trained volunteers and medical rofessionals. Additional infomiation (optional) You ma choose to include further stalements where relevant about-. These are the followtng groups have benefitted from WACA CIO in the last 12 months (the numbers refer to specific charity objectivè in our constitution): Abstract Dance. Aerobics. Ahmadiyya Muslim Association. Artfull Moments. 3 Ballroom Dancing. Burlesque Chair Dancing", Chair Tai Chi,. Chair Yoga. Dentaid. Diabetes prevention. Diabetic Dieticians. Dragonfty Arts; Cardiac Rehab. 3 Choirs; Divine Christian Missionary. Family Church. Immunisation service; Jive n Boogie; Kumon," LCF Coaching. Line Dance. Love 2 Jive; 3 Martial Arts; Memory Café," 3 Pilates; Pulmonary Rehab. Smoke free Hampshire,. Steady & Strong. Tai Chi; U3A,' 2 Yoga. Barclays bank. Waterlooville Regeneration proJecL Achievements against objectives set Para 1.41
There has been no fundraising activities this year. Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives The Trustees still continue to make financial investment of the internal refurbishment of the building, making it an invitin and safe s ace for its users. Para 1_41 Other Financial Review Review of Ihe charity's financial position at the end of the period Para 1.21 WACA CIO, through prudent financial management, retained healthy reserves while still maintaining its necessary expenditure to trade. statement explaining the policy for holding reserves slating why they are held Para 1.22 The Association will retain a minimum of six months, net operating costs In the Reserve Account. The Charity's net operating costs will be regularly reviewed and the Reserve Account ad'usted accordin £60,374.00 Not applicable. Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 Para 1.22 Para 1.24 There ar8 no funds materially in deficit Para 1.23 There are no uncertainties. Additional information (optional) You ma hoose to include further statements where relevant about- The charity's principal The Charities principal funding source sources of funds (including is frorn room hire and currently we are any fundraising) almost at capacity. Para 147 Investment policy and objectives including any social investment policy adopted None other than already mentioned above. Para 1.46 A description of the principal risks facing the charity Year on year the groups using the building has Increased and we are confident of being able to provide a building for health and well-being as well as social activities. However, should Havant Borough Council not renew our lease (6 years remaining), WACA CIO will seek new building or facilities Para 1.46
Structure, Governance and Management Description of charity s trusts.. Type of governing doGurnent List deed ro al charter How is the charity constituted? le g unincorpofaied 3ssD.=ialitr,n. nio Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees WACA CIO Para 1.25 Constitution of the Waterlooville Area Communi Association CIO Para 1.25 cio Para 1.25 Trustee selection is made on the individual skill set that is being offered by applicants. Applints are issued with a Trustee pack, including Roles and Responsibilities, and a signed application forni is considered by the existin Board Members. Additional information loptionall You ma choose to include further statements where relevant about.. Policies and procedures Trustees receive guidance and adopted for the induction mentoring provided by Centre Manager. and training of trustees Chair and Vice Chair. All Trustees take an active role within the CIO and familiari5e themselves with the Associations, Policies. The organisational structure is: Chair, Vice Chair and Treasurer along with the balance of the Board. This includes a representative from Havant Borough Council. Para 1.51 The charity's organisalional slruclure and any wider network with which the charity works Pam 1.51 Relationship with any related parties Havant Borough Council as the landlord and Bayliss Ware as the Charity's approved accountant. Para 1.51 Other Reference and Administrative details Cha name Other name the chari uses istered charit number Charity's principal address Watertooville Area Communi Association CEO 1165822 The Community Centre 10 Maurepas Way Waterlooville Hampshire P07 7AY
Names of the charlty trustees who manage the charity Trustse name Office lif any) Dales acted if not for whole year Name of person lor body) entitled to appoint trustee lif an Andy Kirby Mohammed Khan Chair Treasurer Vice Chair Kevin Chevis 03105123 - to dale Kevin Chevis Sue Cox Graham May Jo Standen 01104123 -02105123 03104123- to date 21105123 - to date Vacant Secretary Barrie Neale 01104123 - 26104123 27104123 - 02105123 10 Barrie Neate Vice Chair Emily Dewhirst George Evans Cllr Peter Wade Martin Talbol 14106123 - to date 13 14 261112023 - to date 15 21103124- to date 16 Vacant VI Chair 01104123 - 26104123 17 18 19 20 Corp_orate trustees - names of the directors at the date the re Dlrector namè None ortwasa roved Name of trustees holding title to property belonging to the charity Trustee name Dale5 acted it not for whole ear
None Funds held as custodian trustees on behalf of others Descriplion of the assets None held in this capacity Name and objects ofthe charity on whose behalf the assets are held and how this falls within the custodian charity's objects None Details of arrangements for safe custody and segregation of such assets from the charily's own assets None Additional infomiation {optional) Names and addresses of advisers (Optional infomiation) Type of Name Address adviser Accountsnt Bayliss Vvare 9 Slratfield Park, Elettra Avenue, Waterlooville. P07 7XN Name of chief executive or names of senior staff members {Optional infomiation} Exemptions from disclosure Reason for non-disclosure of ke None ersonnel details Other o tional information
Declarations The trustees declare that they have approved the trustees, report above. Slgned on behalf of the charity's trustees Signaturels) Full name(s) Position (eg Secretary, Chair, etc) Lk+AIL Date
Independent Examineff s Report to the Tru$iees of Waterloo*ille Area CommLrnity Associatio cio I report to the charity trustee5 on my examinalion of the a¢counlS of the ¢harily for the year ended 31 March 2024 which are sel out on pages 10 to 20 Respongibilitie$ and basi5 of report As the charilvs Iru$leès you are responsible for the preparation of the accounts in accordance with the requirernents of the Charities Act 2011 1'lhÈ Acl'l- I report in respeci of my exafflinalion of Ihe charity's accounls Ggrried out Ltrnder se¢lion 145 of the Act and in c8rrwng out my examinaiion I have followed all the applicable Directions given by the Chèrily Commission under section 14515llbl of the Act Independent examiner's statement I have completed my examinaiion. I confirm Ihat no rnaterial rnaiiers have come to my attention i conneclion wrfh the examinalion giving me cause lo believe thèt in any rnaterial re5pecl'. accounting records were not kept iri respect of the charity as required by section 130 of the Act.. or the accounts do not 3rLord with those records.. or the accounts do nol comply wilh the èpplicable rÈquiremenls ConmIng the fomi and ¢onlÈni of accounts sei out In the Charitie5 IAccounls and Reports) Regulations 2008 other than any fequiremenl that the accounts give a 'lrue and fair view. whith is not 8 matter eonsidtred as part of an Independent exarnination I have no c4)reMS and have corne across no other matters in connection with Ihe examinalion lo which 811enlion should bè drawn In this report In older10 en3ble a proper underslanding of the accounts lo be rea¢hed. Petry BalsS BA FCA Bayliss Ware Ltd. Chartered Accountants g Str3ffield Park. Eleiir3 Avenue, Waierlooville P07 7XN 2ts£Y
WATERLOOVILLE AREA COMMUNITY ASSOCIATION CIO Registered Charity Numbèr 1165822 STATEMENT OF FINANCIAL ACTIVlllES FOR THE YEAR ENDED 31 MARCH 2024 21.03.24 Totsl fund$ 31.03.23 Total lunds UnrÈstr*cted funds Restrictod funds •ote$ Income arbd endowments from= Oonaiions and IacleS 7,732 139.201 5.569 1.523 4,733 5,631 13,363 139.201 5.569 1,523 4,733 10,889 143,974 4.879 504 4,348 Investments Olhef Total in¢ome and endowmetTrts 1S8.758 5.631 164.389 164,594 Expenditure on.. Raising funds 140,560 2.324 142,884 137.021 Totsl expenditure 140.560 2.324 142.884 137021 Net incomel lexPedItUreI 18.198 3,307 21.505 27.573 Transfers beiween funds Net movemènt in funds 16 18.198 3.307 21.505 27,573 Reconciliation ol lunds Total fund8 brought foFw3rd 16 252.052 7.500 259.552 231.979 Total iutyd8 carriod forward 16 270,250 70,807 281.057 259,552 All Income and expenditure derive frem conlinuiry adivilie5 The slalemeni of financial ¥Uivilies Includes all gains and losses recognised durin9 the year
WATERLOOVILLE AREA COMMUNITY ASSOCIATION CIO Registered Charrty Number 1165822 STATEMENT OF FINANCIAL POSITION AS A T31 MARCH2024 2024 2023 Notes Fixed assets Tangible assets Investrnenls 84,929 103,007 84.932 103,010 Current As$ets Stocks Debtors Cash al bank and in hand 250 23.991 186,209 250 17.324 146,013 13 210.450 163,587 Creditors.. amounts falling du8 Wlthin one yèar 14 14.325 7,045 Net current assets I Illabllltlésl 196,125 156.542 Toial assets less current liabilities 281.057 259,552 Charlty Funds Unreslricled funds ReStrted funds 16 16 270,250 10,807 252.052 7,500 Total charity lundsldeficlt 281,057 259,552 The financial statements were approved and aLrthorised for issue by the Board on £ Signed on behalf ol thè board of trustees Mohammed Khan. Treasurer The notes on pages 12 10 20 form part ol these financial statements.
WATERLOOVILLE AREA COMMUNITY ASSOCIATION CIO Registered Charity Number 1165822 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2024 SIGNIFICANT ACCOUNTING POLICIES General information and basis of preparation Walerlooville Area Community Association CIO is a Charitable In¢oiporaled Organisalion in England. In the event ol the charity being wound up, the liability in respect ol the guarantee is limited to £1 per member of the charity. The Charity's principal address is given in the Trustees. Annual Report on page 5 01 these financial statements. The nature of the charity's operations and principal activities Include managing a Community Centre and provtding facilities lor the benefit ol local iesidenls of Waterfooville and surrounding areas. The charity constitutes a public benefrt entity as defined by FRS 102. The fnancIal statements have been prepared in accordance with Accounting and Reporting by Charities StateTnent of Recornmended Practice applicable lo chaiilie5 preparing their accounts In accordance with the Financ121 Reporting Standard applicable In the iJK and Republic of Ireland Issued in October 2019. the Financial Reporting Standard applicable In the United King(Jom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Accounting Practice. The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include cash flow slalemenl on the grounds that it 15 applying FRS 102 Sèction 1A. The financial statements are prepared on a going concern b8sis under the historical cosl convention, modified lo Include certain items al lair value. The financial statements are presented In sterling which is the functional currency of the charity and rounded to the nearesl £. The significant accounting policies applied In the preparalion ol these financial sl3lemen15 are sel out below. These policies have been consistently applied lo all yeèrs presented unless otherwise stated. Funds Unreslricled fund5 are available lor usè al Ihe discretion ol the Iruslees In furtherance ol the general objectives of the charrty and which have not been designated for other purposes. Restricted funds are funds which are to be used In accordance with specific restrictions imposeil by donors or which have been raised by the charity lor particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes to the financial statements. Incoffte Recognition All incorning resources are Included in the Statement ol Financial Activities ISOFAI when the charity Is legally entiiled lo the income after any performance conditions have been met, the amount can be measured reliably and it Is probable that the tncome will be received. Donation5 are included In incoming resources when they are receivable. If there are conditions attached lo the donation and this require5 a level of performance belore entillemenl can be oblained then irTrcorne Is deferred urtlil those conditions are fully met or the fuifilmenl of those condition5 IS Viithin the control of the charity and it Is probable they will be fulfilled. Income f¥om Irading activities Includes income earned from fundraising events and trading acti711e5 to raise funds for the charity Income Is received In exchange for Supplying goods and seNices In oriyer lo raise funds and is recognised when entitlement hes occurre(J 12
WATERLOOVILLE AREA COMMUNITY ASSOCIATION CIO Registeréd Charrty Number 1165822 NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED JI MARCH 2024 SIGNIFICANT ACCOUNTING POLICIES Income from government and olher grants are recognised at fair Vdlue when the charity has entillemenl after any performance conditions have been mel. Il is probable Ihal the Income will be receive¢Y and the amount can be measured reliably. 11 entillernenl is not mel Ihen these amounts are deferred. Expenditu Recognitlon All expenditure Is accounted for on an accruals basis. Expenditure Is recognised where there is a legal or conslruclive obligatiom to make payments lo third parties, it Is prob3ble that the settlement will be requirecl and Ihe amount ol the obligation can be measured reliably. Expenditure includes aitributable VAT which cannot be recovered. Tangible fixed assets Tangible fixed assets are stated at cost lor deemed costl or valuation less accumulated depreciation and accumulated Impairment losses. Cost includes costs directly allributable lo rnaking the asset capable ol operating as Intended. Depreciation Is provided on all tangible fixed assets. al rales calculated to Wrte off the cost, less estimated residual value. of each asset on a syslernalic basis over Ils expecled useful life over the following pen¢)ds'. Fixtures. fittings & equipment 5- 10years Investmènts Investmènts in subsKJiaries are measured at cost less Impairment. Stocks Stock5 held for sale are measured at Ihe k)wer of cost or nel reèlisable value. Provision is made for damaged, obsolete ad slow-movillg stock where appropriated. Debtors and creditors receivable I payable wlthin one year Debtors and creditors with no stated Interest rale and receivable or payable within one year are recorded 81 ¢ransaotioD price. Any losses arising from Impairment are recognised In expenditure. Going concern The financial slalemenls have been prepared on a going concern basis as the trustees believo that no material unTrrtainlies exist The trustees have considered the level of held and the expected level of Income and expenditure for 12 month5 from aulhorising these financial statements. The budgeted income and expenditure S sufficient with the level ol reserves for the charity to be able lo continue as a going concern. 13
WATERLOOVILLE AREA COMMUNITY ASSOCIA TION CIO Registered Charity Number 1165822 NOTES To THE FINANCIAL STA TEMENTS ICONTINUEOI FOR TIIE YEAR ENDED 31 MARCH 2024 Income from donat¢ons and legaties 2024 2023 Donations received Grants Inon exceptionall 8.757 8.889 2.000 13.363 10,889 Income from don8tions and legacies was £13 363 12023- £10.8891 ol 1¢ £5.631 12023- £2,721) was attnkMJtae 10 restncted luncls and £7,73212023- E8, 1681 wa5 allribuiable to unreslncled funds. Income Irtsm chafitable activities 2024 2023 RIMNn and equiprTrent hire Rent of bar Mernbership Income Catering, kil¢hen 8 function income 125 270 3.600 144 10. 187 128.642 3,600 11.668 138.201 143,974 All Income from charitae 8ctivilies was attributable to unre51ricted funds. Income Irom other trading ac¢ivrtles 2024 2023 Recharge of expense5 to Ne*dands Cornmunity Cenire Sundry Incorne 5.136 433 4.525 354 5,569 4,879 All income from other trading activities was attnbulable lo unre8lfide(I funds. In¢oTne from Inve$bnents 2024 2023 Interest receivaNe 1,523 504 Ail Incorne Iroln investments was attributable lo unreslricie(J funds. 14
WATERLOOVILLE AREA COMMUNITY ASSOCIAT1014 CIO Registered Charity Number 1165822 NOTES TO THE FINANCIAL ST ATEMENTS ICOKnNUEDI FOR THE YEAR ENDED JI MARCH 2024 Other incorne 2024 2023 Wages rècharged ie WACC Enlerpnses Ltd Amounts writien off Iiabililies 4733 2.548 1.800 4.733 4,348 All oltter Income was allribul8ble 10 unre51ricled funds. Rai$tng funds 2024 2023 FundFai5ing expenses All of ltte above costs were attributable lo vnrestnL*ed funds. Analysi8 of exp6nditurÈ on charitsble activities 2024 2023 Slatt costs Rates and water Insurance Light and heal Telephone Recycling 8nd waste colfe¢lion Mainleft3nce. repairs an(1 renewals Printin9. posiage and siaiionery IT 5UPPOrt and cornpuief running expenses Hire of equipmeni Legal and profes510ftal fees Li¢en¢&s and subscriptions Sundry expenses Caienng. kitchen & function expenses Memory Cafe expenses Advenisino & Promotional expenses Website costs ear rental Atcouniancy Depreciation Bafik charges 80.105 4.374 3.211 8,658 1,387 2.194 10,093 1.102 1.109 591 1.s02 1,404 46 1.308 2,324 312 225 2.850 1.422 18,078 369 75.620 1.494 f,180 8.514 2.017 11.865 1.655 1,172 475 1,473 445 189 1.671 613 996 1900 2150 1.278 20.753 458 142,884 137.021 £2,324 12023- £1 1881 of Ihe above costs were aiiribuiable lo re51riaed funds £140,56012023- £135,833) f the above costs wè.'e allribulab lo unrestrided fund$
Regi8tered Charity Nurnber 1165822 NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCM 2024 Independent examiners remuneration The Indepèndent exarniners rèmuneration amoun15 10 an IndependÈnl examination fee of £1.42212023 £1.2781 10 Tru8tee5' Remuneration, benefits and ekpens25 None of Ihe Iruslees lor any persons connected with them) received nor waived any remuDeralion or ben&fff$ from the chaniy during Ihe year12023- £NIll. The number of Iruslees th81 had expenses reimbursed by the chartiy In the year was I 12023 11 Expenses Trimbursed wefe a5 follows.. 2024 2023 Maintenancè. repairs and renewals Memory Cafe eKpellses 83 110 487 487 193 11 Staff costs and employee benelits The lot81 Slalf costs and employees benefit's was as follows 2024 2023 Wages and 531ane5 Slatf WeK8re Pension c0515 79.511 320 274 75,403 217 80.105 75.620 No èmployees received lotsl employee bEnefils ol more Ihan £60.000 The average monthly number of employees and full Iitr* equivanI dunng the year were as follows 2024 2023 Number ofemployees Full IIMÈ equivalent
WATERLOOWLLE AREA COMMUNITY ASSOCIATION CIO Registered Charity Number 1165822 NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR ENDED 31 MARCH 2024 12 Tangible fixed assets Fixtures, fittlngs equiprnent Totsl Cost orvaluation Al 1 Apnl 2023 Aéditions In period DLsposals In period 188.915 188915 At 31 M8rth 2024 188,915 188.915 Depr•cbation At 1 Apnl 2023 Charge lor penod Eliminated In respect of disposals 85,906 18.078 85,908 18.078 Al 31 March 2024 103,986 103,986 Nol book value At 31 March 2024 84,929 84.929 Al 31 Mafch 2023 103,007 103,007 13 Debtors". amounls falling due within one year 2024 2023 Trade debtors Prepayrnen15 Actrue¢ Incorne 13.399 1,852 8.740 7,260 2.087 7.977 23,991 17,324 14 Creditorn.. amounts falling due within one year 2024 2023 Tia(Se crediltrrs Olhercredilors Accruals and deferred Income Olhertax and so¢io1 secunty 2.196 1,988 9.507 634 2.019 200 4,376 4S0 14.325 7,045
WATERLOOVILLE AREA COMMUNITY ASSOCIATION CIO Registe Charsty Number 1165822 NOTES TO THE FINANCIAL STATEMENTS ICONTINUEOI FOR THE YEAR ENDED 31 MARCH 2024 15 Investments Three ordinary shales of £1 each in WACC Enterprises Ltd have been issued to the charity. WACC Enterprises Lltj is a wholly ovmed subsidiary of the Association and Is incorporated in the UK Ils company numbèr is 02500643. A sumrnary of Its trading result5 lor the year ended 31 March 2024 are shown below. 2024 2023 Tumover Cost of sales 28.680 15,419 24.879 11.700 Gross profit 13.261 13,179 Adrninistralive expenses 5,645 5,382 Interest receivable 27 Profit before taxation 7.643 7,797 Tax on profit Profil for the financial year 7,643 7.797 Profivllossl reser¥es brought forward 3,719 3.899 Distributions to parent charity under gift aid 17,6431 17,9771 Profitlllossl reserves carried forward 3,719 3,719 18
WATERLOOVILLE AREA COMMUNITY ASSOCIA TION CIO Re9lStered Charity NurnbeT 1165822 NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 16 Fund reconciliation Unrestrkted fLtnd$ Balance 8t 0110412023 Balance at 3110312024 In¢ome Expenditure Transfers General funds 252.052 158.758 140,560 270,250 Total Unrestrictsd Fvnds 252.052 158.758 140.560 270.250 Restricted fund$ Balamce at 0110412023 Balance ai 3110312024 Income Expenditure Transfels The Henry Smith Charity Asda Foundaiion DoaOnS- M8mary Cafè 7.192 625 10.567 240 606 1,025 308 1,333 Totsl R¢str¢cted Funds 7,500 5.631 2,324 10,807 The Henry Smilh Charity fund represented grant money received to be used to help support the cenlre's Mernory Café. 3 support group lor Ihose living wth dernen118 and Iheir carers. The Asda Foundaiitsn fund represented 8 £606 don81ion raised through their Empowering Local C¢mrnunities Scheme and Is to be vsed lowar(Js pruch8sing equipment for the Memory Café Th& Memory Cale fund represents donations reIed from users of the Café These don21ions are used to help with the operational costs ofthe Cafè thereby facilitating Il's objecli¥e of providing continued support for those living wlh detnen118 and their carers
WA TERLOOVILLE AREA COMMUNITY ASSOCIAMON eio Registered Charity Number 1165822 NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 17 Pensions and other post-retlrom8ni btrnefits The charity oper81ets a defined contribution peD$iiTrn plan for its employees. The atnouni recognised 8$ an expet15e In Ihe period was £274 12023. £NIll 18 Related p•rty transactions DrIng Iiie year the folloMThng Ir8nsaclions look place Wlh WACC Enlerpnses Ltd 2024 2023 Renl re1Ve Wages Techaiged 10 WACC Enterprises Lld Oonaliofjs ieceived Bar hire paKI lo WA¢C Enierpfj5es 3.600 4,733 7.643 2.650 3,600 2.548 7.97F 2.150 Al the yeaf pnd Ihere was 3 baLan¢e 01 £8.640 12023- £7.9771 due frorn WACC Enterprises Lld. 20