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2025-03-31-accounts

THE NURSLING AND ROWNHAMS CIO

REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025

CHARITY NUMBER 1187371

THE NURSLING AND ROWNHAMS CIO

PERIOD ENDING 31 MARCH 2025

CONTENTS

PAGE:
Administratve Informaton 1
Trustees Report 2 - 4
Independent Examiners Report 5
Statement of Financial Actvites 6
Balance Sheet 7
Notes to the Financial Statements 8 - 9

THE NURSLING AND ROWNHAMS CIO

PERIOD ENDING 31 MARCH 2025

ADMINISTRATIVE INFORMATION

CHAIR: P Bundy
TRUSTEES: M Maltby
S Maltby
P Bundy
C Bradley
L Mallen
S Williams
PRINCIPLE OFFICE Horns Drove
Rownhams
Southampton
SO16 8AH
CHARITY NUMBER 1187371
INDEPENDENT EXAMINER: F Lyon
2 Rownhams Close
Rownhams
Southampton
SO16 8AF

1

THE NURSLING AND ROWNHAMS CIO

PERIOD ENDING 31 MARCH 2025

TRUSTEES ANNUAL REPORT

The Trustees present their annual report for The Nursling and Rownhams CIO for the year ended 31 March 2025.

The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued October 2019 (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Nursling and Rownhams CIO (the charity) is an incorporated entity governed under a Constitution of a Charitable Incorporated Organisation.

The Trustees are responsbile for the overall management and control of The Nursling and Rownhams CIO and hold regular meetings.

All Trustees give their time freely and no remuneration was paid during the year.

ORGANISATION AND APPOINTMENT OF TRUSTEES

The charity is run by the Trustees. The Trustees are made of full members of the organisation, elected annually at the Annual General Meeting.

RISK MANAGEMENT

The Trustees are responsible for the overseeing of the risks faced by the charity. Risks are identified, assessed and controls established throughout the year. The Trustees believe that the adopted approach of close monitoring of the operations, staffing and finances of the Charity will mitigate the significant risks.

In addition, the charity has further policies in place to cover all major business risks which are reviewed annually.

OBJECTIVES AND ACTIVITIES AND PUBLIC BENEFIT

The Trustees are aware the Charity Commission guidance on public benefit and their operation of the charity reflects this.

The Trustees believe the charity satisfies its public benefit obligation.

2

THE NURSLING AND ROWNHAMS CIO

PERIOD ENDING 31 MARCH 2025

TRUSTEES ANNUAL REPORT

FINANCIAL REVIEW AND RESERVES

The financial results for the year ended 31 March 2025 show an overall surplus on unrestricted reserves of £80,225.

ACHIEVEMENTS AND PERFORMANCE

The year ending 31st March 2025 has seen some challenges, the use of S106 monies has led to replacement of the front door, and is planned to make further improvements for the security and improvement of customers experience when using the building.

The Trustees have continued with general maintenance of the premises. The Trustees continue to publicise the availability of the Centre to local groups and to develop the community use of The Nursling and Rownhams CIO in 2025 and beyond.

There has been no turnover in the membership of the Trustees that run The Nursling and Rownhams CIO.

STATEMENTS OF TRUSTEES RESPONSIBILITIES

The Trustees are required by charity law to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that year. In preparing those financial statements, the Trustees are required to:-

a) Select suitable accounting policies and then apply them consistently;

b) Make judgements and estimates that are reasonable and prudent;

c) Prepare the financial statement on a going concern basis unless it is appropriate to presume that the Charity will not continue in operation;

(d) State whether the policies adopted are in accordance with the Charities Act 2011 and with applicable accounting standards and Statements of Recommended Practice, subject to any material departure disclosed and explained in the financial statements;

e) Observe the methods and principals of the Charities SORP.

The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to ensure that the financial statements comply with the Charities Act.

The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

3

THE NURSLING AND ROWNHAMS CIO

PERIOD ENDING 31 MARCH 2025

TRUSTEES ANNUAL REPORT

The Trustees confirm they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

ON BEHALF OF THE BOARD OF TRUSTEES

….......................................... P BUNDY CHAIRMAN Date:-

4

THE NURSLING AND ROWNHAMS CIO

PERIOD ENDING 31 MARCH 2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NURSLING AND ROWNHAMS CIO

I report on the accounts of the charity for the period ended 31 March 2025

RESPONSIBILITIES AND BASIS OF REPORT

As the charity trustees of the CIO 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 CIO's accounts carried out under section 145 of the Act. In carrying out my examination I have followed all applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 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 examinations giving me cause to believe that in any material respect:

3) the accounts to not comply with the applicable requirements concerning the form and contents of the 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.

…............................................

F Lyon 2 Rownhams Close Rownhams Southampton SO16 8AF

5

Nursling & Rownhams C I O

Income and expenditure account For the period 1 April 2024 to 31 March 2025

Bookings and rentals
Grants received S106
TOTAL INCOME
Utlites
Water
Gas
Electricity
Telephone
Premises
Insurance
Repairs and Maintenance
Security inspecton and maintenance
Cleaning and janatorial supplies
Sundries
TOTAL EXPENDITURE
Surplus /(deficit) transferred to capital reserve		 2025
£
15,790
18,252
34,042
548
1,101
1,558
428
3,635
1,016
20,641
484
3,399
25,540
649
29,824
4,218		 2024
£
13,947
47,514
61,461
563
(137)
2,363
462
3,251
788
54,101
35
3,349
58,273
133
61,657
(196)

6

Nursling & Rownhams C I O

Balance sheet
As at 31 March 2025
Current assets
Bank
Debtors
Prepayments
Current liabilites
Creditors and accruals
Accruals
Hire income received in advance
Net current assets
Capital Reserve
At 1 April
Surplus/(defcit for year)
At 31 March		 2025
£
71,226
1,235
9,815
0
82,276
925
1,126
0
2,051
80,225
76,007
4,218
80,225		 31 March
2024
£
75,660
1,406
508
0
77,574
225
349
993
1,567
76,007
76,203
(196)
76,007

7

Nursling & Rownhams C I O

FOR THE PERIOD ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

  1. ACCOUNTING POLICIES

a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued October 2019 (effective 1 January 2019) the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Trustees consider there are no material uncertainties about the Charity's ability to continue as a going concern.

b) INCOME

All Income is accounted for on an accruals basis. Income is recognised in the period for which the activity takes place. Bookings income is taken after the bookings, therefore shown as debtors. Rentals income is taken in advance of the rental with a refundable deposit, and the advance income and unpaid deposit refunds are classified as creditors.

c) EXPENDITURE

All expenditure is accounted for on an accruals basis. Charitable expenditure comprises those costs incurred by the charity in delivery of its activities and services to beneficiaries. Governance costs include costs associated with meeting constitutional and statutory requirements of the charity and are part of the charity's activities. Expenditure is allocated to expense headings on a direct cost basis.

8

Nursling & Rownhams C I O

FOR THE PERIOD ENDING 31ST MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

1
CURRENT ASSETS
BANKS
Co-op Community Centre
Co-op C I O
Debtors
Prepayments
S106 Monies paid but not yet reimbursed
Cleaning and Janitorial supplies
2
CURRENT LIABILITIES
CREDITORS
Cleaning and janatorial supplies
Sundry Admin
Accruals
Water
Gas
Electricity
Hire Invoices Paid in advance
NET		 Total
£
70,366
860
71,226
1,235
9,754
61
9,815
500
25
525
100
648
143
891
635
80,225

3. STAFF COSTS

The average number of employees during the year was Nil.

9