**REGISTERED CHARITY NUMBER: 1165822** **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025** ## **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO** ## **FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025** |**Contents**|**Page**| |---|---| |Trustees' Annual report|1| |Independent Examiner's Report|10| |Statement of Financial Activities|11| |Statement of financial position|12| |Notes to the Financial Statements|13-21| CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From l April 2024 31 Marth 2025 Charity name: Waterlooville Area Community Association CIO Charity registration number: 1165822 Objectlves and Activitles SORPrefereDce Summary of the purposes of the charity as set out in its governing document Pala 1,17 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 opinlons, by assoclating together the said inhabltants 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-tlme occupation with the object of improvin8 the conditions of life for the sold inhabitants To establish or secure the establlshment of Community Centre and to maintain and manage the same Iwhether alone or in co- OPEration with any statutory authority or other person or body) 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 politic5 and non-sectarian in reli81on. The area of benefit shall be Waterlooville, Cowplain, Purbrook, Widley and eighbourhood and more specifically defined as Portsdown Hill Road to the South, A3IMI to the east, Woodcroft L3nelLovedean LanelPortsmouth Road/Dell Piece West to the North and Newlands Lanelwidlev Walklclosewood Road to the West Summary of the main activities in relatlon to those purposes for the public benefit, in particular, the activities, projects or seNices identified in the accoL¢ntS. Para l.l? and 1.19 The main activities for public benefit is to.. lal 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 emotiorlal support. Icl bring together in conference representatives of voluntary organisation, Government departmènts. statutory authorities and individuals. Idl arrange and provide for, either alone or with others, the holding of exhibitions, meeting, lectures. seminars and training courses. lel collect and disseminate Information o all matters relating to its objects and to exchange such information with other bodies havin8 similar objects. raise funds and invite or receive donations and contributions for the furtherance of the Centre's facilities and offerings. statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para l.IS I can confirm that our current board of Trustees are in receipt of the guidance Charity Commission guidance on public benefit. Additional information loptionall You may choose to include further statements where relevant about: SORP referente Poliry on grant making Paya 1.38 Grants were issued in 2024. following consideration by the full Board of TrL¢Stees to hall hirers who required funds to support our th 50 celebration Open Day. To ensure a robust consideration of any future 8rants, a formal Grant Awarding Policy has now been implemented. 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 run by Trustees who take no financial benefit for their services. Policy on social investment including program related investment Parè 1.38 Contribution made by volunteer5 Para I,a8 The Board of Trustees make decisions regarding the running and administration of the Charity. All members are volunteers and receive no renutneration. Other Achievements and Performance SORP refeience Summaryofthe main achievements of the charity, identifying the difference the charitfs work has made to the circumstance5 of its beneficiaries and any wider benefits to society as a whole. Pala 1,20 The Charity continues to provide the infrastructure for varying groups, whether health and well-being or social and leisure activities, providing social interaction to combat loneliness within society. 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 professionals. Addltional Information loptionall YoLt may ch005e to include further statements where relevant about.. Achievements against Para 1.41 objectives set The following groups have benefitted from WACA CIO in the last 12 mornths (the numbers refer to specific charity objective in our constitutionl.. Abstract Dance, Aerobics, Ahmadiyya Muslim Association, Artfull Moments, 2 Ballroom Dancing, Burlesque Chair Dancingi Chair Tai Chi, Chair Yoga, Dentaid, Diabete5 prevention, Cardiac Rehab, 2 Choirs. Divine Christian Missionary, Divine Christian Ministry, Family Church, Immunisation service, Kumon. LCF Coachir¢g, Line Dance, Love 2 Jive, 4 Martial Arts, Memory Café, 3 Pilates, Pulmonary Rehab, Smoke Free Hampshire, Steady & strong, Tai Chi, U3A, 2 Yoga. Barclays Bank, Ear Wax removal, Waterlooville Regeneration Projert and Waterlooville Boxing Club. Performance of fundraising activities against objectives set PaTr 1.41 There have been no fundraising activities this year. Ir¢vestment performance against objectives Pala 1.41 The Trustees continue to approve financial investment of the internal refurbishment of the bL¢ilding, making it an inviting and safe space foi its users. Other Financial Review Review of the charity's financial positlon at the end of the period pala 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 stating why they are held Para 1.22 The Association will retain a minimum of six months, net operating costs in the Reserve Account. There is currently some uncertainty about the future lease Iwith Havant Borough Counci11 of the building used to rijn the charity, so some reserves are being held to mitigate the potential need to relocate to new premises. The Charity's net operating costs will be regularly reviewed and the Reserve Account adjusted accordingly. £80,883.71 Not applicable. Amount of reserves held Reasons for holding zero reseNes Details of fund materialw in deficit Explanation of any ncertainties about the charity continL¢ing as a going concern Para 1.22 Para 1.22 Para 1.24 There are no funds materially in deficit Para 1.23 There are no uncertainties. Additional information loptionall You may choose to include further Statements where relevant about.. The charity's principal sources Para 1.47 The CharitVs principal funding source is from of funds (including anv room hire and we currently enjoy a high level fundraising of room utilisation. Investment policy and objectives including any social investment policy adopted Para 1.46 None other than already mentioned above. A description of the principal rlsks facin8 the charity P3ra 1.46 Our main risk which we may face in the next 4- 6 years relates to the lease on the building. Should Havant Borough Council not renew our lease16 years remaining), then it is anticipated WACA CIO would seek to relocate to a new location within the designated area of the Charity. other Structure, Governance and Management Description of charily's trusts: Type of governing document Itrusl (leed, royal chayterl How is the charity constituted? le.8 iiiilncorporat￿d 5socialion, CIO) Trustee selection methods inclLTrding details of any constitutional provisions e.8. election to post or name of any person or body entitled to appoint one or more trustees WACA CIO Constitution of the Waterlooville Area Community Association CIO cio Para 1.25 Para 1.25 Par? 1.25 Trustee selection is made on the individual skill set that 15 being offered by applicants. Applicants are issued with a Trustee pack. including Roles and Responsibilities, and a signed application form is considerecl by the existing Board Members. Additional information (optional) You may ch005e to include further statements where relevant about.. Policies and proceclures Pafa 1.51 adopted for the induction and Trustees receive guidance and mentoring provided by Centre Manager, Chair and Vice training of trustees Chair. All Trustee5 take an active role within the CIO and familiarise themselves Wlth ihe Association's Policies. The organisational structure is Chair, Vice Chair and Treasurer along with the balance of the Board. This include5 a representative from Havant Borough Council. The charity's organ15ational structure and any wider network with which the charity works Para 1.51 Relationship with any related P3rties Pata 1.51 Havant Borough Council as the landlord and Bayli55 Ware as the Charity's approved accountant. Other Reference and Administrative details Charity name Other name the charity uses Registered charity number Charity's priricipal address Waterlooville Area Communily Association CIO 1165822 The Community Centre 10 Maurepas Way Waterlooville Hampshire P07 7AY Names of the charity trustees who manage the charity Name of person lor IK¥dyl entltled to appolnt tru51eÈ111 anyl TrustÈÈ name Offlce Ilf anvl Date5 acted If not for whole year Andy Kirby Mohammed Khan Chair Treasurer Kevin Chevis Vice Chair Graham May Jo Standen Emily Dewhirst George Evans Martin Talbot Cllr Antonia Harrison 12107124- onwards 24110124 - onwards 02105124 - onwards li CllrPaulTansom 12 stanley Jenkins Corporate trustees- names of the directors at the date the report was approved Diredor name None Name of trustees holding title to property belonging to the charity Trustee name None Dates acted If notfor whole year Funds held as custodian trustees on behalf of others Description of the assets held None in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls Wlthin the custodian charIt￿S objects None Details of arrangements for safe custody and segregation of such assets from the charity's own assets None Additional information loptlortall Names and addresses of advisers (Optlonal informatlonl Type of Name Address adviser Accountant Bayliss Ware 9 Stratfield Park, Elettra Avenue, Waterlooville, P07 7XN Name of chief executive or name5 of sensor staff members (Optional informatSonl Exemptions from dlsclosure Rea50n for non-disclosure of key personnel detalls None Other optional information Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Stgnaturelsl Full namels} Position leg Secretaryj Chair, etcl CHAI Z611126 Date ## **Independent Examiner's Report to the Trustees of Waterlooville Area Community Foundation CIO** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 11 to 21 ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the Act; or - 2 the accounts do not accord with those records; or - 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination . I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Perry Bayliss BA FCA Bayliss Ware Ltd, Chartered Accountants 9 Stratfield Park, Elettra Avenue, Waterlooville PO7 7XN Date: 26/01/2026 10 ## **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO Registered Charity Number 1165822** ## **STATEMENT OF FINANCIAL ACTIVITIES** _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Other
6
**Total income and endowments**
**Expenditure on:**
Raising funds
7
Charitable activities
8
**Total expenditure**
**Net income/ (expenditure)**
**Transfers between funds**
**Net movement in funds**
16
Reconciliation of funds:
**Total funds brought forward**
16
**Total funds carried forward**
16|**Unrestricted**
**funds**
**£**
6,491
169,401
5,428
2,003
4,745
188,068
-
163,895
163,895
24,173
-
24,173
270,250
294,423|**Restricted**
**funds**
**£**
1,520
-
-
-
-
1,520
-
2,003
2,003
483
-
-
483
-
10,807
10,324|**31.03.25**
**Total**
**funds**
**£**
8,011
169,401
5,428
2,003
4,745
189,588
-
165,898
165,898
23,690
-
23,690
281,057
304,747|**31.03.24**
**Total**
**funds**
**£**
13,363
139,201
5,569
1,523
4,733
164,389
-
142,884
142,884
21,505
-
21,505
259,552
281,057| |---|---|---|---|---| All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. 11 ## **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO Registered Charity Number 1165822** ## **STATEMENT OF FINANCIAL POSITION** _**AS AT 31 MARCH 2025**_ |**Notes**
**Fixed assets**
Tangible assets
12
Investments
15
**Current Assets**
Stocks
Debtors
13
Cash at bank and in hand
14
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**Charity Funds**
Unrestricted funds
16
Restricted funds
16
**Total charity funds/deficit**
**Creditors: amounts falling due within**
**one year**|**2025**
**£**
80,240
3
80,243
250
21,019
214,992
236,261
11,757
224,504
304,747
294,423
10,324
304,747|**2024**
**£**
84,929
3
84,932
250
23,991
186,209
210,450
14,325
196,125
281,057
270,250
10,807
281,057| |---|---|---| The financial statements were approved and authorised for issue by the Board on 21/01/2026 Signed on behalf of the board of trustees Mohammed Khan, Treasurer The notes on pages 13 to 21 form part of these financial statements. 12 **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO Registered Charity Number 1165822** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 SIGNIFICANT ACCOUNTING POLICIES** ## **General information and basis of preparation** Waterlooville Area Community Foundation CIO (the “charity”) is a Charitable Incorporated Organisation in England. The charity’s principal address is given in the Trustees’ Annual Report on page 5 of these financial statements. The nature of the charity’s operations and principal activities includes managing a community centre and providing facilities for the benefit of local residents of Waterlooville and the surrounding areas. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 (Charities SORP (FRS 102)) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice. The charity has taken advantage of the provisions for small entities under FRS 102 and, in accordance with the Charities SORP (FRS 102), has not prepared a statement of cash flows. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling, which is the functional currency of the charity, and are rounded to the nearest £ The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all periods presented unless otherwise stated. ## **Funds** Unrestricted funds are 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. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for 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 set out in the notes to the financial statements. ## **Income Recognition** All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Donations are included in incoming resources when they are receivable. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable they will be fulfilled. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. 13 **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO Registered Charity Number 1165822** **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 SIGNIFICANT ACCOUNTING POLICIES** Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. ## **Expenditure Recognition** All expenditure is accounted for on an accruals basis. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes attributable VAT which cannot be recovered. ## **Tangible fixed assets** Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life over the following periods: Fixtures, fittings & equipment 5 - 10 years ## **Investments** Investments in subsidiaries are measured at cost less impairment. ## **Stocks** Stocks held for sale are measured at the lower of cost or net realisable value. Provision is made for damaged, obsolete and slow-moving stock where appropriated. ## **Debtors and creditors receivable / payable within one year** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## **Going concern** The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. 14 ## **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO Registered Charity Number 1165822** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **2 Income from donations and legacies** **----- Start of picture text -----**
|||| |---|---|---| |2025|2024| |£|£| |Donations received|8,011|8,757| |-| |Grants (non exceptional)|4,606| |8,011|13,363| **----- End of picture text -----**
Income from donations and legacies was £8,011 (2024 - £13,363) of which £1,520 (2024 - £5,631) was attributable to restricted funds and £6,491 (2024 - £7,732) was attributable to unrestricted funds. ## **3 Income from charitable activities** **----- Start of picture text -----**
|||| |---|---|---| |2025|2024| |£|£| |Room and equipment hire|151,192|125,270| |Rent of bar|3,600|3,600| |Membership income|-|144| |Catering, kitchen & function income|14,609|10,187| |169,401|139,201| **----- End of picture text -----**
All income from charitable activities was attributable to unrestricted funds. ## **4 Income from other trading activities** **----- Start of picture text -----**
|||| |---|---|---| |2025|2024| |£|£| |Recharge of expenses to Newlands Community| |Centre|5,427|5,136| |Sundry income|1|433| |5,428|5,569| **----- End of picture text -----**
All income from other trading activities was attributable to unrestricted funds. ## **5 Income from investments** **----- Start of picture text -----**
|||| |---|---|---| |2025|2024| |£|£| |Interest receivable|2,003|1,523| **----- End of picture text -----**
All income from investments was attributable to unrestricted funds. 15 ## **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO Registered Charity Number 1165822** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**6**
**Other income**
Wages recharged to WACC Enterprises Ltd
Amounts written off liabilities
All other income was attributable to unrestricted funds.
**7**
**Raising funds**
Fundraising expenses
All of the above costs were attributable to unrestricted funds.
**8**
**Analysis of expenditure on charitable activities**
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Recycling and waste collection
Maintenance, repairs and renewals
Printing, postage and stationery
IT support and computer running expenses
Hire of equipment
Legal and professional fees
Training costs
Licences and subscriptions
Sundry expenses
Catering, kitchen & function expenses
Memory Cafe expenses
Advertising & promotional expenses
Website costs
Bar rental
Accountancy
Depreciation
Bank charges
Grants made|**2025**
**£**
4,745
-
4,745
**2025**
**£**
-
**2025**
**£**
102,522
278
2,419
9,282
1,147
2,299
10,475
1,005
1,152
534
1,536
76
2,103
-
1,930
2,003
2,543
558
2,500
2,120
18,437
449
530
165,898|**2024**
**£**
4,733
-
4,733
**2024**
**£**
-
**2024**
**£**
80,105
4,374
3,211
8,658
1,387
2,194
10,093
1,102
1,109
591
1,502
-
1,404
466
1,308
2,324
312
225
2,650
1,422
18,078
369
-
142,884| |---|---|---| £2,003 (2024 - £2,324) of the above costs were attributable to restricted funds. £163,895 (2024 - £140,560) of the above costs were attributable to unrestricted funds. 16 **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO Registered Charity Number 1165822** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **9 Independent examiners remuneration** The independent examiners remuneration amounts to an independent examination fee of £2,120 (2024 - £1,422) ## **10 Trustees' Remuneration, benefits and expenses** None of the trustees (or any persons connected with them) received nor waived any remuneration or benefits from the charity during the year (2024 - £Nil). The number of trustees that had expenses reimbursed by the chartiy in the year was 1 (2024: 1). Expenses reimbursed were as follows: |Memory Cafe expenses
**11**
**Staff costs and employee benefits**
Wages and salaries
Staff Welfare
Pension costs
The total staff costs and employees benefit’s was as follows:|**2025**
**£**
789
789
**2025**
**£**
100,806
726
990
102,522|**2024**
**£**
487
487
**2024**
**£**
79,511
320
274
80,105| |---|---|---| No employees received total employee benefits of more than £60,000. The average monthly number of employees and full time equivalent during the year were as follows: |Number of employees
Full time equivalent|**2025**
8
3|**2024**
7
4| |---|---|---| 17 ## **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO Registered Charity Number 1165822** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **12 Tangible fixed assets** |**Cost or valuation**
At 1 April 2024
Additions in period
Disposals in period
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for period
Eliminated in respect of disposals
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**13**
**Debtors: amounts falling due within one year**
Trade debtors
Prepayments
Accrued income
**14**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income
Other tax and social security|**Fixtures, fittings**
**and equipment**
**£**
188,915
13,748
-
202,663
103,986
18,437
-
122,423
**80,240**
**84,929**
**2025**
**£**
12,298
1,815
6,906
21,019
**2025**
**£**
562
520
10,128
547
11,757|**Total**
**£**
188,915
13,748
-
202,663
103,986
18,437
-
122,423
**80,240**
**84,929**
**2024**
**£**
13,399
1,852
8,740
23,991
**2024**
**£**
2,196
1,988
9,507
634
14,325| |---|---|---| 18 **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO Registered Charity Number 1165822** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **15 Investments** Three ordinary shares of £1 each in WACC Enterprises Ltd have been issued to the charity. WACC Enterprises Ltd is a wholly owned subsidiary of the Foundation and is incorporated in the UK. Its company number is 02500643. A summary of its trading results for the year ended 31 March 2025 are shown below. |Turnover
Cost of sales
**Gross profit**
Administrative expenses
Interest receivable
Profit before taxation
Tax on profit
Profit for the financial year
**Profit/(loss) reserves brought forward**
Distributions to parent charity under gift aid
**Profit/(loss) reserves carried forward**|**2025**
**£**
30,207
15,875
14,332
6,353
-
7,979
-
7,979
3,719
(6,095)
5,603|**2024**
**£**
28,680
15,419
13,261
5,645
27
7,643
-
7,643
3,719
(7,643)
3,719| |---|---|---| 19 ## **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO Registered Charity Number 1165822** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **16 Fund reconciliation** ## **Unrestricted funds** |General funds
**Total Unrestricted Funds**
**Restricted funds**
The Henry Smith Charity
Asda Foundation
Donations - Memory Café
**Total Restricted Funds**|**Balance at**
**Balance at**
**01/04/2024**
**Income**
**Expenditure**
**Transfers**
**31/03/2025**
**£**
**£**
**£**
**£**
270,250
188,068
163,895
-
294,423
270,250
188,068
163,895
-
294,423
**Balance at**
**Balance at**
**01/04/2024**
**Income**
**Expenditure**
**Transfers**
**31/03/2025**
**£**
**£**
**£**
**£**
**£**
10,567
-
483
-
10,084
240
-
-
-
240
-
1,520
1,520
-
-
10,807
1,520
2,003
-
10,324| |---|---| The Henry Smith Charity fund represented grant money received to be used to help support the centre's Memory Café, a support group for those living with dementia and their carers. The Asda Foundation fund arose from a £606 donation raised through their Empowering Local Communities scheme. Of this, £240 remained unspent at 31 March 2025. The Memory Café fund represents donations received from users of the Café. These donations are used to help with the operational costs of the Café thereby facilitating its objective of providing continued support for those living with dementia and their carers. 20 ## **WATERLOOVILLE AREA COMMUNITY FOUNDATION CIO Registered Charity Number 1165822** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **17 Pensions and other post-retirement benefits** The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £990 (2024 - £274) ## **18 Related party transactions** During the year the following transactions took place with WACC Enterprises Ltd. |Rent received
Wages recharged to WACC Enterprises Ltd
Donations receivable
Bar hire paid to WACC Enterprises|**2025**
3,600
4,745
6,095
2,500|**2024**
**£**
3,600
4,733
7,643
2,650| |---|---|---| At the year end there was a balance of £5,575 (2024 - £3,795) due from WACC Enterprises Ltd. ## **Grants to groups connected with trustees** As part of a one-off 50th Anniversary grant scheme for regular user groups of Waterlooville Community Centre, the charity awarded grants totalling £530 (2024: £nil) to support participation in the open day held on 22 June 2024. Included within this total are grants of £200 (2024: £nil) to two groups which are run by trustees of the charity. These grants were made on the same terms as those available to all qualifying groups under the scheme. 21