FINAL Charity RegIStiOn Rumber.. 1188765 Lymington Community Association Annual Rq)ort and Unauditcd Financial Srateinents ror ihe Y¢8r Ended 31 August ?0?4
Lymington Community Association Contents Trnstees, Report I to 8 Statement of Trustees, Ruyonsibilities Independent Examine$ Report 10 Statement of Financial Activities Balance Sheet l2 Siaternellt of Cash Flows 13 No$ io the Financial Sta*tnents 141029
Li'niington Communih. A550Cllltion Trustees, Report For the l'ear Ended 31 August 2V24 I"%ipieinber ?0? i 10 .11 .4uiYU It ?U?4. .4cLouniIn iinLI RepilrtillLY bv ChariliL4- %iattnient ol. ReiLiniinen(leil Praitlit appliL4ible lp ihaiiliL Referenre .4dniiiJistratii-e Det4il¥ Tru51ee. L Lewi% J Rufftll L Daw%on N Bri)¥wne P ,Illen Jlumer J C Tabor IAppoint¢d L)n 31d Junt )0?4 1 .4 J C'ald¢11 1.4ppoii)led on I I, SIPILiiibtr !O?:I Sertior IIxJiggemeiit'feJni RaLhel Smith Centi'e kl<iiiaueT 51iaron Nethercoit Pre%Lhoi)l Maiiauer Principal Office N¢i¥' SirL'et Haiiip4hire S041 gBQ Chariti Re%istrdiion NuDiber 11 ¥87hi ehiitv tttin ryoiicommu .com.' Pag¢ 2
L)millgton Commuuity Associatiou Trustees, Report For th¢ Year Ended 31 August 2024 Soiiertors Lcster Aldridg RU11 Elouse Oxford Road Bournemouih t)or5et BH8 8EX Ballker5 Barclay5 Bank PLC LtibeSier LE87 2BB llldependellt ex*{er mOgaard chelvanai.tsum FCCA SKS Audit LLP Chanered Accountants 3 Sheen Road Richmond Upon Thamcs England TW9 IAD Page 3
Lymington Community Assotiatio Trustees, Report For the Year Ended 31 Augu$t 2024 Structure, Governanet Alld Manwmellt }rtl GoVerlg DocuNWItt The LymiLI(Pton Community As'sociation is a registered CIO (Charitsble IncDfpoTated Otganisation). Th¢ CIO wa% regirtei'ui with the Charity Cominision on 25th March 2020, with the intentlDll that il would replace tjie fomler ¢hariiy also known as the Lymingr041 Comlnunity Asswiation (IE¥isi¢red charity nutnbe-: 301880). The &¢5ets of the f(Ytner Charity were n(M t¥an54aTed to the CIO until the l of Seyiejxber 2070 to coincide and provide continuity with the accouniiiig calendar of the tornier charity. The tormer Charity was governed by a cDn5ttnJrion. originally 3d9Pted in 1948 and rnost recently revieiyed and updated in May 2012. The cotisfiwrion ofthe new CIO 18 b&sed on the %tand&rd format rvtrQmtnended for CIOS but amended a5 lleCC5wI kn tnaiDlain thc oii¥itd ¢haract)"isti¢s of the fom)er charity- Obje¢ttYes and Activities The object5 of the Cto are ro further OT benefit the residents of Lyrnjngt1 and Penni]won iii Hampsliire and the ne>ghbourhorf without distinction of se.i Sexual orientstioll. rdce ol'of political, rcligious or other opinions by a.%viating together the ld ridentS and ihe local authorities. voluntary other organisatiun5 a ¢OTntnon cffort to advat)cc eduration and t(F provide facililirs in Ilie interests of social welf&re for recreation and leisure tirne (KCLTpation with the objective of imp¥oving the conditions of life for the rcsidents. The L850ciation achieve5 its PTilleipal objectives and aims through the operdtion of the Lymitig Comrnuniiy Centrv, rwuiing cour5e5 )d providing facilitie5 for activitie5 open to ages and diver%itie%. The TrusteLS confimi t4at Ihry have complied with the above objectives. Recrulthient uppftbithieni Atr¥lL?s Elections al'e held annually fot the Offica3 and Tnjstees. These wdl be held at the ADilu General Meeting oil Thursday 6 larch 2025- a list is providd on page l. ArrweMentsfor.sethng key m4vnagemeRtper5OnmelmlUWr(thO The Board OrTfU*S are re9]ble for selliiig the remuneralion of management perwnnel. Orgtsrtl$4lioM¢rl.vrtsdMre Th¢ Board ofTru5tees determinesthe0ve£ strategy anddevelopTneDtof theL>Truington CoJnn]iillity A&sJail0 and approe5 the Annual Budget for operaiion. The Senior Managemcni Team overs¢¢ tlie Mlgeml ofthe Centrt. withthe Centremallaget being re5W)ble foi tbe day to day rujining together widi a teani of staff 2nd voluThleers. Relationship Trith Related PArties Trn5tee None of L)ur"fruste£s receive remunerdtion forthetr WO with the Lymington Community Asslation. P4tWle benefil This Report sds out ouractiviiie& achievemeiits. and perfo]Tnancedur]ng theyear. which are directly related to the objects and purposes for which the charity exists. The Centre's a¢tivitie& course5 alld facilities are for Ilie benrfit Df thc wholr communi¢y. Thc Tw51ees ¢onfitm that they have coinplid with ihe requirernents of section 17 of the Charitie Aei ?01 110 have due Legatd 10 tlie public tenefit guidance published by the Chariiy Conimission for England alld Wales Page 4
L?Tringtott Comn)unity As$o¢iAtion Trnstees, Report For the Year Ended 31 August 2024 Use of yoluntee We are indebwl to all the volunteers who help operate the Malt Cijieniaand Tlieatre. the Malt Café, the Malt Lounge Bar, Book Ctsrridor. fidd Boutiqlleand who &ssist with malntejknce and help keep the grounds and gt¢rdens tsdy. The Centre ¢ould not opera1¢ yrythout their help and oil belialf of all the u5eT5 of the LnIngtO C0Munity Centre we thank them for their timr and their contnbution. Achievements Perform#*¢e Thi5 report cover5 the 12-nionth wi(Ml from 1st September 2023 to 31 st of August 2024. The Charity had 841 membets at the ernd of Augux 20?3. OUT membvship dreaSed 778 member8 at 31 August ?0?4. with 27 members signed up to the ftew inernbership package being a friend of the Malt Cii)ema The Board h85 pla¢ed membership growth &s a priority for ?02412025 with various initiates ate beiiig put in place. Since the begiftning ol thi8 periLKi rth)m hite. u)urses. café and inc(Trme and events liave (x)ntinued to grow iDcoTne and diversity. FIowevEr. due lo Covid tsilbtcl filins ai'ailable for 20231?024 did not attract tlie audienie% wt hoped for aT)d Iherefore the Cinenja And Bar has ruced year<m year. The TrllSttt are glad to rq)ort thai S]lfICant iinproi'ancnl to the film wyularity in ?0?4Q025 has turned these figuirs round. 'rhe Centre ha5 cDDtinued t(F enjoy )gments wilh B8rclay% the Briiish Red Cross and the HlfaK Bank with ongoing contractual renial which h&% driven fooifall io the Ccntre whilst also providing an &48entiat ¢ommuniry wvice to th¢ whole of the are& Nunierous events Cered by th¢ Centre have significwitly ireaSed the revenue for the Cafe. ChL75tm&s 2023. togfflher with March ?0?4 aDd.4ugus¢ 2024 ihe running of HAFF (Harnp%hiie and IOWI ALtivities Cours&% in collaboration 51 Barbe'$ mUSM. Tiitse proved very succebsful prompting rep¢atplans forc1inMas ?094. mie acrivitie5 were awarded best Activities in Harnpsliire by TrL4FF and also won the South West Rry01 Award. Foi the Mali Cinetna thtrt plans to commence ME[ Screening5 from oCr 2024. Individual scr¢enings Iiave also been organiA for stKcific 8tOUPS 5uclI a5 Dementta and ParkinsoIi'5 GTOUPS with theopti(Trn Orin¢h included which provedpopularwith both group5. Live theatte showings and performance% by the Lymiiigton Players agaiD Posttively coniTibuted agttSt the previous year their enthu5i&sm with ihret productions which wett Ror in November ?0?3, Then There Were None in Febrliary 2024. and fuL(illy Allo Allo ID May 20?4. The Pyt-scliool has continued on a grtbwth trdjecrory and growth in Aumber5 is very sati5fyinB for the Tru5teei id the hard-working team (Fv¢rseeing tlie Pre-SchiM)I. Affordability continu&s to be the biggY5t challenge to pamjts and th¢ Centre is doing everything it can to coiilwii pricing. Page 5
Lymingtoll Community Association Trustees, Report For the Year Ended 31 AuBUSt 2024 R¢d¢velopment Progr8mme Phase l-The Pottery Rel(ration and G¢5 H[ tChejI extLwion- cornpleted October 2020 PhAse 2- Relo¢ation of Pre-Sch(K)l- completed Iktober ?O?I Phase 3- Wellington Corridorikntchen and Lifi Works- comple1 October 20L? Phwe 3.1 Refuibi8hment of maio stairca5e- COp1e1Cd 5.. Apri12023 Phase 4- llie ReconfJgui7tion of the Downstairs ioilets and ihe addition of two tDilets on the first floor Phase 3A- Removal of WelSiTJglon Staircase and Reconfigurdtion of Toilers- Commenced ?4 July ?023 This proj¢ct enabled to in811 rwo new toilets on the fir4 floor and allow reconflgratio of down8tairs ¢xistingtoilets. The tl(M)r layoui nCIr)rata Xhan(*in8 Place5 kiilei fabiliLy lojJ¢ ot onIy two in LYMinOnI. A grant has been awaed by Southwest TrdÉn5 towa$ Ihe Toilet ReconfigurAtion of £Sty Liryc have match fiindcd the WO for the toilets the sum of £15?K wliich is part of the £900K development pledge. FTltwe Work8 Phase 3B- Malt Caf¢ and GaTden- Raevtlopment- Schdill io cominence- May 2025 Thi% phaqe Involv crealion of a new CufeJBarlKiich¢n tog&her with a wclcoming out5sde area for visitors to ihe Mali Café. Cinenia and Theatre. Book Corridor so oreatiy enjoyed by visitors will be incorporated in the new desiglls. The Board hs Ctinued to teviq¢ tlie detailed plans to reflect Changing conimunity Keeds and NFDC apprt)i'ed the Plans in Deczrnbcr ?022. Kevised Plans were submitted ill August 2024 followng input trom u5er5 of the Cetrtre and r¢eeived apyroval in Decembei. 2024. Pb8se 4 RetonE1atioll of EDtr#n¢< Reception Area. Offi¢es •nd Walkway to Joih Gates This is an exciting lime forthe Community C¢n(re and its manbern as w¢ look forward to continuing with the redevelopment and tnodemisation of tlie buÈldin8s attd the fa¢ilities they offer for the community of Lymington. PenllTngton. and the SUTrouRdin¥ artas. Wc want ev¢ryoTre to feel part of this exciting next ¢hapier. These work.s are currently projected to begin in 2026.. Page 6
L)'millgton Conll1ty Association Trustees, Report For the Year Ended 31 August 2024 Fthnd Rtslng and Acdvl¢ie$ 2023n024- Rised £ £293W8 751h AnlliV¢rMryCelebr9tio8 ineluded &Drinks ReceptionoD the 23 September2023 and aftErQDI1 Tea on 23 November 2023. The Gridiron Event r&umed on the 8, Ociober 2023 and was as poplllar &s before with tlie staff and volvniett% providit5g Bacoii bap4 and refrlInentS triroughout the day. They kiiidly Iade a donatio of £500 to the Centre appwiation OT all the hard WOTk. Thi5 wa5 in addirion to the rooTn liire fee and the cost of catering provided by the Centtr. Lucie Lewis arranged two events with Six ond Sax on 14 Octobcr )023 and 6 JlY ?0?¥ with music and food red. These proved very popular. Strictly Lymingion rewmed on the 18" with iwo pfffortnances which aTe proving to be an arinLial highligbt and rdised a significant an]ount of for the Centre thanks to Kayleigh Sargean¢ Kevin Thaller and all those who ¢ompeied and as%i5ted ot) the da Thrcc quizzes were hdd and agTr organi4ed by Kevin ThRt¢he4 in aid of the LCA in De¢ember2023. 4pril 2024. Chrirtm&8 Cominunity Sing Along- 8° Dember 2023 orgnid by C(wlar&f Choir in aid of the Comniunity Centre. The usual Christmas Craft Fayre was held the 9 DeceTnber and the Sprifvg Craft fayie was held on the 13, April 2024. A Christmas lunch was held on 14th Decernb 2023 which wasgTeatly enjoye4f by loyal Community Cer)tre tnember¥ user& volunteeis. and staff. The wond Bum5 Night w&% held * the C•itre on the 27 January which wa5 once again or¥}1std by Kevin Thatchex &id lh¢ CommuDTty Celltre which was a fun I cRjoyed by all. The third Lymington Railwav Exhibition. which wa< larsTei" than ?023 w&< beld over Easter on 30 and 31 fvlarch ?0?4, OPEDed b). the Mavor. Cllr Jack Davi¢4and W2> a gre¥t success and leadLng to a planned repeat Exhibition 0"e[ Easter 20?5. Thanks io Sttmn Fartner, BU]y. ld the staff and volw)teers. Ka¥ar00 Moon sn ¢onjun¢ti(x) with the LCA pui oil fundraising eveni of dance and music on th¢ I l May 2024. The LCA attended the Iqew For Show from 30fy July- l. Augu4 2024. A Serieg of Paper Floristtry Classe8 ¢omm•)ced iji July 2024 LCA helped the LPTC or¥anise an eveni ar Woodside Gard$ for the c¢)mmunity on Sunday 41h August 2024. The LCA arrdnged ilie 5ta]l& aDd provided a Pinim's ahd Cake Stdl. assisted witli the Tombola geth wilh a stall promole ihc atiivitits of the LC Once again infortnation about the Lymington Community Cenire was distribut to Iwal Estate Agents forthem to share with resi(knts nEW tD the area by Judy RulT¢ll. Throughoul thc ycar. Judi Turner mc and donHieA jarns and cliuiDey5 which we available for sale in (he Café and at the Craft Fairs. Page 7
L)'miogton Community Association Trustee5' Report For the Year Ended 31 August 20?4 The B(K Cuiridor c()Illiniies to do well with the sal¢ ot donated t4N)k$. DVD'S. Jiqsaws and CDS wilh fale8 of £8.770 i¥hiLh 15 a 8Tr,. increase on vear. ridal Bouii4iie haa ¢1 Tr¢r¥ succt5sful y¢ar raisin%w L?9.?8.1 ivhich is a150 inireaie on ihe prior yeaT. Once again. we operaia the ?00 Club whicli was drawn on¢e a month. The cliaritv not re¥isiertd with fundrasing standards. Tidal Boiiti4iie ri(Idl )Illi(]e L)P¢1Tr tsn 1 septnr 10?1 offeriiig dOrted go1 qualTri) ladiei Jnd uejit lutliing. ac¢SrieS aiid hleS tor %ale ha been 2 great succc>£ and LD yrar end .1 I.08.?024 raii¢d E?9 )8i. Di)ndtions vl Ladies. le0 s aDd Childr¢n s Cloih¢s lewelleti .4cL¢Ssories are rellueied appreciaied_ Flu¥JJ¢i41 relit) Prrnetp#l]itMdiiig souree.% The plI¢1paI fundjng 4ourte Df intome 10 ihe Asla1]n 10 ". O?4 i¥trt Room Hitt nt £17ti.478, Pre- School itliome of £117 120. Cinema incotne of £67.919 and laIt Cafe iiTrcoine of 81.694.-¥IeinbLrship iinc. park pcrtnitl £)1:616. -&dditio>n•l fundillg sourres .4nnllal Granl wa4 kindly tetytii'ed from LPTC £7.SIX>. Tft addition. a furtherni of £1,400 was donated lo the Pre-sihoul tor speLialis1 chaiF5 for ihe thkldFen iA)tslling £8.9W. In'esttenÉ policy and peifnrniauce Undey Ihe ConitilU150n ol-CIU. Ilie charity ha5 the to make lY invrtmtni whi¢h Ihe I51e iee tit.'I'he INte5 has"e con51d¢rcd thc mo%1 apprqjriète poli¢J' for inwestlDg lund% and haie fDund thai ca4h dep0s1¢8 me¢1 their requiremerÉts to gellera iiicome. Policy o rvJetyvs The Tru5t¢e5 an(J tnonitor ihc re%rTre position on a rcgular bds"i%. The Esiablshmeni Fund, represents the ialue of the fExed &ssetq tt>e aLctrunts Jncludiag the on¥oing addiiion the value of the building Nia tht ongosng detrelopmer.i ¢.Kpellditure. The 'Devclopnient Funds. dEsied 10 fund fvn*re refurbishm(wr and as P&rt of the Imgoinu Celebrdttng 70 r¢ntwal of the CeDtsE. Th¢ T)isaster Recotry Reserve Fund. is designed to prntect the Centre in ihe unlikely eient of losurc or serious adVee t¥}r this 15 mainlain¢d £140.IM]O. The'Pr¢-Schwl Fund, reYrves are only available to the PTE-Sch(K>l art to be maiiitaiiied ai a Lee1 to cover any ¢xpecied and unexpr£ied conting¢nci¢s. The 'LIntesiriGd Encom¢ Fwid. represe[5 the cumUl]e surplus &%ailable for onooijig general impro&ement% to the cenire and ieam resources. The level for unrestricted rcseTr"es fiind i £50.iWO for the finanLial year which 15 2 M1th) operdllOlI Cost Page 8
Lymillgton Commullih. Assoeiation Trustees. Report For the Year Ended 3J .4ugu5t ?U?4 The TTU%t¢es we wiisfied ihat ihes¢ Polices have IMI adhered 10 tor iht riLld and Ihe reserve positiL7n is appTopriaie lor Iht Cent. flon¢ial ittstrumettts Objcetives ondpoliei&¥ rhe fharits 5 a¥likiti¢s exFK)se il to a number of fInle1a1 risks in¢liiding r¥¢dit risk. cash flow risk and Iiquidiw risk. Crgdli rts Ili¢ Cha S Pfincipal financlal a5%15 8r¢ bank balances and ca>h rtd trade and otlier r¢ieii'abl¢5. Tlie C'hariij's CTtdil risk i5 priinal} athibutable its trade r¢¥¢ivablei Th¢ aDiounts presenteJ in Ihe halanie :htet art of allowanLefi lor doubttul [til"aLles. .41) altfiill'ance tor impaiFTnenl is illade wher¢ there is an iden¢ilied 105 el'eni "hiih: on pieiioii% experitllue, ei idence of a I'eduLiion ill IFie-. eco%erabiliiy of the Lash flow%. I'he redit ri.ik Ort 15quid trwid> and deritr8ue finan¥ial I[1¢n[S 1% limited bttau)e the LOiIDt¢fparties aye banki w iih high ¢redii-rdiings assigntd Interndtional Lredtl-raiinq agenLies. Li¥uitlity ri% In L)rd¢r lo maintain liquidit)- to •liure thai sutlicieiit fund% aTe aia51able tor oiiuoinq operations diid Iuiure deieloprnenis. the C-haniy a mi.xlure ol skort-iemi bank )iLWNls an(1 an iiiie%imenl F llrthei. detai15 regard5n liquidity can be f4wnd in the st¢tent ot accoblin IiranLial %tatemtnis. policits Iii the G&ing eonctrn The Tfusiee% ha"¢ ¥ebiu4ed rhe l¢nancial circurn51allces of L¥tn'.ngtoii CotnmuniEJ A8sociatiDJi and consider th31 adeqiiaie resOUtfeS ¢Olllinue ¢0 availablt to fllttd Iht aili¥iiitr* Ot the AsSDcialiDn for The ti)rtseeable furure. 'fhe T[t¢S are of the kieu. that the.4s%ociation 1% a £yoing ivncern. The annlial rep(Trrt appred by Eht ttusttty Llt the Chariiy on .. and signed on its klitklFby= Lesle DaiTrqon Treasurer ¥ Browtie Chair Page 9
LyllEiugtou Cotttmuulty knoeiAtion TrThstees' Report or the YeAr Ended Jl August 2024 Skntsment ofTrts8ts' RupoThsthllitic8 Tho tThstew are Ety¥1b1& ftkr the ond the 5tareniwts t rth¢e WiLb The Uwled KÈEl8dom AoL¥wEttiug Strah4wthlUnitvJ Kttt8d0 Gejkdty Accwed A¢thmting Practitt) azkd wpli¢abl-18w The law pl¢abltpcIo réquiresthtiniyietsttkpw finaRctat smteneEJ4forgocltfinancial whitth d truc 8Dd fair vtew of the of aff2iF5 of thectotnd ofthe incomivg 8Lid application of Eesourto ot thE CIO for tat peFiod. l& pr4>)rio. rht finanual statetnen(4 the urtees or¢ q¥r¢rf to.. bscTrr thc rttttthots and prtncipks in the CIO SORP: Trnake jtLdg¢mentsaDd ]MateS are pnK1¢nL stslc WtrtheT applicable UK A(11B Ststtslarts b&v¢ bttn follo%r& gjbjtyl to ¥ny ityat•ial dyoturts dilosed and explainfxl in the fil031 staicmMt¥ a1 PT¢pwr th¢fi08nci81 th¢goin¥ coll¢trn b&%is li is i[wotel¢ tD pr&4ume th¥1 thr chariiy The trnsteeyar¢ Y¢wtssible fvr kewrng adequareWntnE rrcorasthatare sufficient expl the ch&"ity's traftsaLEtons atk4 with rr4sDnthe at 3ny lime the fThikin¢i81 Position OF th¢. cbarity %Ailc Ibem [e ¢bat tr finM¢l #&¢meDtg cothply the Charitilg 2011 &n& the epplithlc Clwitfs {Accovrtss afjd Rewtsl Regulions. TEey gre also reptyLb[ for vresrding the &¥ws ofihe GhaFity for tskii¥ re8A)nabEe iW5 foi the prevthtion ar,ddcttchon of fraud attd oti)er ]rre13r[lie "rhe trusttrs ftrttbHiiittswic6eiid iDwiyo[thtc4tstr firwial infotmgtÈ inclLtded iknechorily's Trhth%ite. ILKis1Oll indUnttrd Kijjgdom ¥ovttJJing thtprwtion di85¢Minon o finatte1 5ktm¢n15 diffff from 1¢gIati) tsth juri.CO0$. Approv¢dby thet¥u4ees of the ¢b4rity on 5tt) M3¥ch 20?5 8rtd its behaifby: L Dawsoii Treasnrer N BrowiTre Cbalr P10
Jndepelldont Rq)Drt to tkn Memb•rn of Lymlmgton Communlty Asso¢i¢i•n ¢hgrity) fot th¢yez¢Fth131Aup21¥24. Thisr•Ts]lladesoldytofbedwdYsio¥t¢A W. cOrd wlththe Cliiies My work the r¢qttIf¢MaQFthe (Jwiw Au2011 (thE2011 ALJ l Tewrt inrrye£lof my examill&ioorc&Iity'1finld Statem¢0[edcullder$e¢lI0D 145 oflhe2011 AtL 1rtcwTllg4MmyexaD1tsYcfO1Wcdalltht4Wllehbk DTrNx)u%8tvetybytheChtycoJmis umlwxction 145(5Xb) ofthe2011 AeL 145 Df the 2011 A¢L IcoofmllthI aMquBbfiIo u#&thth¢ex8millknbecwse laEnJ nKmbrrof ACC& whith is oneof the listed iKyJie& withGenerailyAccepttd AcoJth8 Pff8(aiceetTe£liv¢ fff ffwtsnwIb¢g1th1 on(¢aft¢T l JanuBry2015. ntsn8 recor& werr kept tn resp¢£X of thecknity aswllr•J byseBtMJrt 130of the 3011 A¢1" or shoukt bedTr} i this r¢rthi iti orth¥ ofthe fill¢1 8wements to bc reached ardett Ch¢lvaaoi8ymFcfA SKS Au(ht LLP TW9 IAD P4¢ 11
Lymington Community Association stateellt of Finan¢i41 Activities for the Year Ended 31 August 2024 (Including Income And Eypenditure Aecount and Ststement of Total Recognised Gain$ and Losses) Uttrtstrlctsd ReStted Tot&1 2024 TotAI 2023 Note$ In¢on and from Donation and LcleS Charitabl¢ activities Other ts'ading activities Investrni I)0 other IM)n i02.438 510.012 281.557 482.781 510.013 3S.054 25,016 25.016 1.856 8,371 613 Totsl Income 877.i77 877,377 810339 Cost of raising ftuKIs Expendiilre Dn charitable activillcs Total Exd1ture 5.136 600.027 5. 136 600,027 3.874 574,33S 605, 163 605,163 578,21? Net (eXliture}I1ThCOn trFer fr4)m old eharity I"ratEsfeF b&twc¢rt 272.?14 431127 17 121.526 {121.5261 Net iuconEllex1mknturPI & u¢t ]JK>vement in ful5 afteTtran5fen .193.740 {l21.5261 272.214 •32.127 Total fuThts. brouEIrt forward 1.339.688 301595 1,641.283 1.409.156 Total futh. carried f•rnrd 17 ],::23,42S IbO,069 1.91i.4()7 1.641.28i All of the charity's activiti dcrive frorn continuo)0 opemions dwing the above two wiod. TOTAL RECOGNISED GAtNS AND LOSSKS The charity has no re¢wised gains or low other than the above Jnovemfflt in funds for the above fiTtancial periods. Thc notrq on page8 14 to ?9 forni an integrdl part of [hc flnan¢1 statements. Pa8e 12 of 31
LyTnillgton Community As$ociation (ReglstrAtion number: i188765) Bal&nee Sheet as at 31 August 2024 Notes 2024 2023 tlxed Assets Tanwble a55e15 13 1207.840 996.660 Current avsety 14 15 3,710 3.492 tkbtoi Cash at bar& and iii hatxl 751475 650,476 788.705 718,691 LsalNlities Cr¢di¢ors Falli1 due with in 0 ar E6 {83.048} 174.(h81 Net *S5ets 705,657 644,623 Net 85Set8 1,913 497 1,641,283 The furul¥ of the charity Unrestricted firKJ5.' Gen¢i'g1 Desib4uied Re%tricted fiJM15 17 17 17 53.450 1,679,978 I80.(9 57,884 1,2SI,804 301,595 Tot#1 charity fllwis 1913.497 1641283 iese accollnts wer¢ approved by the Iwsltts on and were signed L)n Iheir behajf by: L Daw%i)n Treasurer N Browne Chair Tlie Llotes OR pages 14 to 29 fonn an integral pzrt of these financial statements. Pw13
Lymington Community Association StAtement of Cash Flow$ for the Year Ended 31 August 2024 2024 2023 CAsh flow fro 0ting gdivitie5 Net trK)vem¢Dt in fuDds Add bk depre¢iaiion Increase in Stock D¢crea5c I {incre&se) in debtors In¢reas¢ in crediknrs Net C#sh tknwgenernted from 0rat1 Aftivitie5 27?214 58,185 (?181 32.?04 2.11127 49,140 I I,C)741 172001 i71,365 292 0.17 Cash tlows Imminyestiiig #¢tiYit*s PLwclthse ol'ttin¥ible fixed assets {269.366) {117,6661 69,3661 117666 Cosh nows from flwncing atttvities Cash wed ID gttivities Increase in c8%h & cash equivalethts in year 101,999 174.-371 Cash & cash ¢qwvalents at ts beonIof year 650,476 476.105 Total c4sh & cash tvate$ at the e]Kl of tbe year 75?.475 650.476 P8ge 14
Lymington Community AsSOCi4ti0 Notes to the Financial Stateellts for the Year Ended 31 August 2024 l Accfyumng policies St¥tement of cornpliallce ThE financiGIJ 5tatcments have b) prepared in accordancewith Accounting aad Reporting by ChaTlties.' StateM¢t of Recotnmended PTacti¢e applicable to charities pryaring their accounts in acrordaDGe With Ihe Financial Repoiting Standard applithlc In the UK 2nd Republic of Ireland (FRS 10?) (effective l January ?0191_ (Chwitieq SORP (FRS 102}). the Fil]1cLaI RepoTting StAndard applicable in rhe ar.d Republic of ITeland (FRS 1021 and ChaFilie5 Act 2011. The fiuancial stale[ne[ buve been pwared to give a 'tTrie aud fair view and bBve departed tn)m the Charities (Ac¢oEmts aud Repoitsl Ke8ulatlQlls 2008 only to the exLeot required to provide a 'true aDd la vEew'. This depanure h&q involved followingthe Accounting and Reportiv.g b¥ Chariiits.. statMent of Recommeiided Practice appliLable ¢harilitr piepai'itig their account5 in accordance with the Financial Reporting Stwidard applicable in the UK and iiepublic of Irelartd iued in O¢iob¢r 20-, 9 TatheT than the Accounting and Rtpoiting by Charstiaq.. Statement ot Recommenda£ Th7Cticc effttiive from April 21KJ5 which has since been withdrawn. B$is of prepArxtion Lymingtoii Community AsstKiation is a Chari¢abl¢ Itcor]x)rdted Organtsation in England. The addre$8 Df Iht principal office is 8iVen ill the charity Inforniation on page l of these financial 5latements. The nature of the ¢hariiy's operaiions and principa] aclivities are given on page 2. The financial $1atemcnts for the yeaT end¢d 31 August 2024 Wethe fir# firtancs slements ihat comply with FRS 102. Th¢ chariry meets the definition of a public benefit Mtily under FRS 102. Aets &id liabiltties are initially recognised at hi4torical cogt or transaction value unle55 Othenvise sthta iii the relevant ac¢ollntiRg policy note5. The financial statements are presented in sterling which is the fU[tional currency of the Charity and rounded to the near¢si £1. Going ¢on¢er llie charit) s Financial seients show a net surplus of £172.2141?0?3 - £?32.1?7} for the yw. iotal reserve 01 £1.913.49712023 - £1,641.?83} free Teserves of £53.450 (20?3- j7,884). Tlie Trustee5 have assesqed whetherthe use ot'the going concern basi5 15 appTOPtiaiC and have coiisidei'td posqible events ()r conditions Ihal mi¥ht =a5t significant dwb¢ on the abiliry of tht chaiiry io contiiiue as a ¥oins conLen). TiiL51t¢s will CQlllinut lo monitor and ensure spending io be dotte in line with income in OTd¢i' to m2int£in target level ot reserves. The review of c&%hflow for 12 months fTI)m the date of approval of ihe financid staiknnneiits. tjie ass(Kiated aSMption% that und¢rpin it. secured new ineomeand thesteps thatcould betaken10 reduc¢expIditurt 5hoiild ihi.% be nec¢s5ary. Based on the inforniation alK)Ye. the TTuers have a Teasonabli expe£tation that the cliarity ha5 adequate resource to continue in opert&tion forthe foreseeable Fulure and will reina£ii sllrplus in future pe¥iods. Therefore, the truste¢g have adopted the going ¢oncern basis iii preparillg these a¢¢ounts. Page 15
Lymington Community Association Notes to the Financial Ststements for tbe Year Ended 31 August 2024 Jntome and endowmeDts All ,.ncorning soilie a includEd in ihe Statement of Financi Activites (SDFAI when the charity is legally entitled lo tile income after any performance conditions have bten me4 the amount be tllea5ured reliably and it is probable that the income will be rtteived. Voluntary income including donation_£. giA¥ lega¢ies and grdnts that provide core funding or are of a gene nare is recognis¢d wbai the ¢hariiy has &iiit[ett to the incom& it is probablt that the inEonLe will be Tccesved and the amount Can be rntr4sud with suffficient rdiability. Dontttions andlegucies Donations and legacies are recognised on areceivablebasis when Kceipi isprobable and d)e aD)ount cai) be trliably mea.w5rd. GnFnts receivble Gt'wit% are reb(gni%ed when Ihecharity has an eniitlement to the funds and any conditions linked to thegrant5 have been mel. Where perfomiance conditSOn5 are attached to the gLWIt and a y* to be met. the irtcolne iq recognised as a liability and included OE] the l)aiane¢ shed defeffd Income to be released. D¥ferrerf income D¢lerfed income repiEsenL% atnounis rtteivEd fDr future p.0dS and is leaSed toincoming resouices iii the peyiixi for which, it has been receiTred. Such incoine is onl> deferra when.. - The dOir 5pecLfiLs (liat tjie grant or donation mtjst only t¢ used ia futhre accountin8 periods: or - Th¢ donor has impo%d condi¢iOnS whi¢h MU k mel before the charity has llnconditional entitleineni. Incoming resource5 fTom tsx reclaims are includ ill (he stemellt of FiRanci21 Activiti&8 at the same tifnc a5 the Yft to which ih¢y relate. Expendliure Ail ex4Knditure is rexognised once ihere is a legal or constructive oblisation to that expeiiditui'e, it 1% probable seiilem¢nl is required and the amounl can be tneasured reltably. All costg areI0¢ed totbe applicable expenditure hea(lillg thai &ggiEgate %imilar cOS lo Ihat category. IlTrere ¢05[5 cannot be diFecily attt'ibuted to par(icular lieadings Ihey hav¢ beuj dIated ort a basis ¢on5i#ent with tht use of reUrCeS, with central 41aff co.%ts allDcated on the basis of time sp¢nt. and dq)]Eciation clLar8es ailocaled the of the asset's Use. Other support cosLq arE aLItKated based on rhe spread of staff costs. The.se are Costs incurral in attracting voluntary income. thc manag¢ent of investments a]id tl)os¢ incurred in tradillg aclivit£es that raise fvnds. Charitable cxpenditure ¢ornpris¢s those eD51s Jncurtrd by th¢ charity in thE delivery of lis activities ajid $ervi¢&% ror it5. beneliciaries. It ittcludes boih costs that can be allocated directly to such activities and tl)05e c051s of an indirect iiature necewry to 5UPPOrt them. Page 16
Lymington Community AssociatioD Notes to the Financial Statements for the Year Ended 31 August 2024 Government gran¢8 Government gI7ntg are recognised based on ihe accrual M¢1 and are rn¢a5UTed at the lair value of Ihe ass¢t e¢eived oi. r¢ctivable. Grants are ClasIfied as relariiig eirher to revenueor to assets. GrLs relating to revenue ar¢ recwiised in in¢ome over the peri(Ml in which the Tela¢ed are recogtiised. Grants relating to assets recugnised over the eXted usefvl life of the asset. Wbere part of a grant relating to an assct is defETred, it i recognised as deferred iiiwme. TaxRtio The tyharity ts considered 10 Pa the te%ts set out in Pwagrdph I Schedule 6 of the Finallce Act 20IO alld tberefort It iiieets the detiniiion of a charitable CDmpaThy For UK cotporaiiort purpo_fts. AccoTdin8ly, the cliarity 15 potentially exernpt frotn tatIOn in respect of incorDe OT capjtal gains re¢eived within categoMe% covered by Chapter I Pan I l of the CoLPOtatiDn Tax A¢t:010 or Seclion 256 of rhe Taxation of Cliatgeable Gains Act 1992, to the extent ihw siich incotne OT gain5 arc applied eK¢lu%ively to tharitable prse5. Tafjgible fixed Assets IndEvidiial Fix&1 assets are initially recorded at C05L any subSeqe[lI arrumulated depreLi8tioJ) ld subsequent auMulated impairment IosKs. Individu fixed ossets C05tin8 £300 or Ore e¢apItalised at cost. The colleciive Cosis perrwning to develDpmeni pn)jects will be ¢onsideted as total )d not an individual a55ets. In relation to.he freehold properries tee8 relaiillg to any planni[ drawing& ar¢hitrcl4 artd surveyoJ3 for Illre pi'ojeciq are treated ELS reveiiue expellditurr. ¢preci8tion amortisall Deprcciati(M) is provided on iangible fixed asset5. so asto nOtT¢he c¢)st or ¥tslI0. le55 any e5titnattd residual value. over their eX¢t¢d us¢ful economic lifr as follows.. Aet clo5$ Otlier firehold property Depreciation method and rate Strnight line basi5 Coinpiiiei equiptnent.. 66.70/u fi151 year. 11.30/0 second yearbasis. Fuiiiiture and UiPTll¢iit-. 3 ycar straight line basis 2/0 Sttaight line basis 5/0 Strnght line basis FixÉures. fittings and equipmeni Freehold Fuller McLellan H[ Celebrating 70 refurbishment Sttstk Stock i¥ ]u¢d at tbe loweT of cost and estimated selling price tosts 10 complete and ¥ll, after due regard for obsolete and slow stocks. Co4t Is dettrniined u%ing the fiixt-it4 fi-out (FIFO). Trade debtorts "rrade debiors are amount5 due fro tu0merS for meJchandise sold or services perforn) in the ordinary ¢wi'se Dl'business and are reColised in¥tiaEly at the IsarIl0 piict. They a. subsequently rncawred &t arnortised cost Lising the effectiye interesi Incth, Itss provigon for Èfftpaiment. A provision for the imwdimeiii of is e*abljhed when tlieTe 1% dijective evidence the will not be able to colle£1 all nOun1$ due a¢¢ording to the ortginal terms of the receivables. Page 17
Lymington Community A5sociatioD Notes to the Finaucial stateellts for tbe Ye4r EDded 3l .4ugust 2024 C#8b xnd tash equiv#leTrty CSh and cash equivdenL% comprise cash on hand and call depo.sits. and other short-terni highly liquid in¥estmenis that ar¢ rcadily Convertible ID a known amoTht of cash and are subje¢i to an insignificant risk of change iii value. Tr4de ¢r¢dltors Ti7de ¢rediior5 are obligaiioDS to pay tor g(¥)ds or services that liave been acqii%red in ilie oi'dinary course of busiiits$ from supplier5. .4¢¢ount5 payable are ¢11ssifJeo as ¢urrcnt liabiliiies If ihc tharity does 11(Ft have aD uncondiiionai right, ar theend of the reporting peri(d ro defer.lleMent of die Creditor for * least twelve months after the reportiag date. U Ihcre is an unconditional righi dcfcr 5CttleJnent for at least twelve month5 after the reporting date. they are presented a% non-currenl liabiliri¢5. Trade ¢reditors are recogni5ed initially the transaaion price and AthsequeAtly measured at amortised cort Using th¢ effective inteTe5t methLMJ. strncture Unrestritted iiicome funds are gerter fuftds available for use at the ¢nJfftees di¥¢rthion in furthernnee Of the objective5 of the Clity. Desigfjaied fiinds arc uNrc5tricrcd fund4 52t aside for %ye¢ifi¢ purposes at ihc dis¢ftion of the tru5tee5. RestrÉcted income fuuds are tliose donated f(M' use in a particular area or for specific putpose& the use of whicli is rc%tricteti to that area or puypose. FiiiAneial instrnments The charity only has fiel&1 assets and financial li&bilities of a kind that qualify as basic financial in.4Tum¢Dt8. BsiG fJnan¢ial in%tnJtncnl$ arr initially re¢ogthi%ed at tranq&xion value and subs¢qiiently measured at their setFIEmeni value with tht ¢KCq)tioll of bank104in5 ¥trlu¢h are bc9L1etlY (neasured at amortised co4t U51ng tli¢ effective interest rnethod. Page 18
LymillgtOD Conllnunity Association Notes to the Finthneial Statements for the Year Ended 31 August 2024 Pension costs Contillbutions are ¢haTged 10 the Siaiement of Finan¢ial Activities in the period in which they are payable. The Set of the defined contribution 5the$ aTe held yeparwly fmm ihose of the Company in ind¢p¢ndently administered funds. Jiidgemeut 8Dd key sour¢¢s of estimation llnetrtainty In tlie applickltitrll uf the ¢harity's Accouniing p)li¢1 the tharity ts rLwuired to mgke Judnents. estirnaies and &%su[nptiOJ Hboul tbe carrying a]nount of a55et5 ]d liabiliucs ihai art not readil}, apparent from Dilier sources. The Estimates and asSlated &%sumptions Elre bused on historical experience and other fa¢iors that are wiisidered to be relevant. A¢¢ud reslllts may differ from these e&iTtth. The coinpany makes estitnates and assumpiitsns ¢on¢tming the fuLUFt. The resulting accountiiig estirnates will, be definitioii, seldom equal the reltLted aclual resul The ¢stiMe5 and assumprions thai have a %ignificani risk ot causing a Material adjustn3ent to Iht ewing nOlInts of as4d5 and liabilitie5 Wlthiii the iiext financi yv4r att addr¢s8ed below. (i} Uselul ecoonilC lives of tangible a55Ct The annual depreciation charse tor ta51bblE as5eiS are sensifive to changvs ID the ellimaied economic lives and r&8idU vLIes of the assets. The llseful economic lives and resid1[ value4 ale re-ag5e%sed annually. They are Mellded wlien necessary. The tstimates and undettying &ssutnptÉons are reviewed on an oiigoitLg basis. Revi*40ns to acrouiiting esiimaies are recogni4 in the p&iod in which tlie estimate 15 reNised where tlie reN'isioii affect.i only tliat period. ot in the peri(Mt of rhe vIsion and fyiure rI(lS where the revision affects both current and furnre period& Page 19
L)Thington Community AsSOCiAtion Notes to the Finaneial Slxtements for the Ye*r Ended 31 August 2024 2 Income from donfitrons And leg•des Unrestrirted Gener•1 Total 2024 To¢41 21123 Restthted Govermmettt Grar Fund Raising-celtbrating 70 CEL70 - Malt Hall c1[t¥ CEL70- Toilet.£ & Staircase RecoThfiguratio CEL70- Malt Cafe RebI.l Rai51ng- 200 Club Fund Ra11ng- Gatrr% Clt Fund Raislt?g- General Iknr&ilior6 FLird Raisirvd- Gift .4td reCIled Fund Ra15itE-Other Donation for Wift & Acce88 Ranps develOpn$ Donation for Toilet DetIOpnKD1 8.900 24,688 3,14? 10.867 ?50,000 8,900 24,688 3,142 10.86? 250.000 291 53 3.357 1,146 7,500 S3 3.357 1.146 4.135 37.500 213,202 30?,438 281557 Income frojn don<ition legacie5 in ?093 tr)tallin8 £281J57, 32,4ry2 was attributed to re5tTÉCted funds ad £49,1.65 to unitstribted fund5. Page 20
LylEton Commuuity Associatio Noto8 to the Finallci Statements for the Year Ended 31 August 2024 3 Inco¢ from Charitable Activi¢les unttstted R¢stri¢ted Totgl 2024 Total 2023 SubscriptiOJI subscriptio affiliated bodi¢5 Car Park bKome Classts Iiicon Bar Csfr Cittell1ajt Hall LYnt00 Filrn So¢i¢ty PottL'ry l.yJlltngtoll Players Preschool LCA Adv¢ni%ing I)Jne Puhlic and interTral roomhir¢ Civil part[SI)ipS1w8kesIp&rtIes E(Iiiiptnert Hire Plx)Locopyin8 Inconr 12.635 1,654 13,350 1.546 7232 6.180 17,084 68.671 83.559 i.o?0 1.610 l j.$20 102.400 1.654 7.327 8,101 14.866 85.694 67.919 1.925 1.027 16.9)1 8,103 14.866 81.694 67,919 1,925 1.0?7 16,921 117220 42 17478 42 172.478 158,33.f i.746 1.948 694 1,948 694 2,346 510,013 $10.013 482781 Iiicome from chaTitAble activities ill ?0?3 to¢alliog £482.781 was a]1 atlTibuted to unrtsÈriCted iinds. Pagr 21
Lymiogton Conununity A55ociatioll Notes to the Financial Statements for the Ye&r Ettded 31 Allgust 2024 4 from other trxding activities iIDrestiicted Total Tot81 Gtlltrnl 2fj24 2023 Sale of IXK) Tidal Bo)qU¢ ses itxoi 8.770 29283 8.770 29.283 8,110 28.906 38.054 38,054 37,017 Income frotn other trading activity in 2023 iotslling £37.017 was all attriblltcd to unrestricted funds. 5 1nYe5tment Intome Umstrieted Gelletzl TotY41 2024 Total Interest irOll 25.016 25,016 8,371 25,016 25,016 8,371 Incoffie from inYe51tnent in ?0?3 lotalling £8J71. was all attributed to unrestricted fiJnd$. O Other ltt¢ome Lllrestiicted GerA1 Total 2024 TotNI 2023 Other tncon 1.856 1,856 613 1.856 613 Other In¢ome in ?0?3 tOling £613 attribut to uftrestricted funds. Page 22
LnIgtOn Community Associatioll otes to the Flnallcial Ststemellts for the Year Ended 31 August 2024 7 Expenrliture oll r•ising fwtds Uestricted Rettritted Tot81 2024 Total 2023 GeeTl FundrulslS truding cos1 FulldiTi5ing Tidal Eyen5es Mertherslup Fees 4.43? 538 4,432 538 166 S.136 3.874 5.136 3.874 Cost of tTrding activitjcs in 20?3 talling £3,874, £17 was allrilwied io unresrrided funds and £_3,857 was attributed to restricted fLinds. 8 Expellditure on rh&ritable a¢tiades ueStrICted Rtstrleted runds Total 2024 Tot 2023 Gewrl Clas5e4 eXpeIlte 2.239 5.962 5).173 33.806 1.702 5.721 106.843 835 725 332,285 58.186 2239 5,962 55,173 33.806 1.702 5.721 106.843 835 725 332 ?85 58.186 2292 7,309 51,488 40,224 1,848 3,475 101,780 2,172 137 314.473 49,140 Café illlcuding salaries Cinern&lMalt Hall Lym Film Society LymingtonPlayer8 Prtsck)ol Civil Parkrrship5 Pottcry expeT¥Jitui'e Support ¢ost( R¢fv No¢ 9) D¢pr¢ciation 603.477 574 338 Out of ihe totsl cxpmditure £603.477120?3.. £574.3381. £603.477 wa5 attributable to untEstricted funds (?0?3: £544.9961 and £Nil reslricied futK11?0?3: £79.34?). Page 23
Lymington Community Association Notes to the Fingucial Statetnents for tbe Year Ended 31 August 2024 9 Analysis of Support Cost Unre3trAtted Total 2024 Total 2023 GeDernl Adnunistrative salaries Water rat¢s Li81rt Rryl IEat ILtranCe Building r¥pairs EquipnEnt repairs and renc1y1 CoMptr Iroinrk¢ and software Telephone PTemises Li¢erKes PritJtin& postage. Statior4 artverbsit Nwvslettsr aod MLAP Staff & Voliinteer Costs Sundry expejws Cl&8ningand was* di$al-Enjcll¥ wages Al1t a1 Accow]tst and prolessional fees BallkchRrn¢s 151,419 151.419 137.625 3.106 44.108 1,164 5.852 8,4)13 5,149 42.693 42.693 11,399 7,729 4.536 5.612 3,100 1.093 1965 9?0 6.928 ,90? 64.756 4.926 9.772 -5.817 7.729 4,536 5,612 i.100 478 4,(K)6 2.965 6.998 2.W? 64.756 4.926 9.772 5.817 6,577 656 1)6,144 5,675 5,634 4.2f2 32803S 314,473 10 N¢t Incolglot%Oil7¥ re%ourc Net {outsoingyincoming rtsources tor the year inelud¢: 1024 2023 5,400 275 49.140 Tleper¢ emnmner's fees i A{11 fees Ollr noo-audit 5eTvices Depreeitaion of fixed asset 7?6 58,186 03,112 Page 24
Lynthigton Community Association Notes to the FinAncial Statements for tbe Year Ended 31 August 2024 11 AuAlysis of staff costs truytee$' remuller#tfon and expenses and tost of ke> man%gement JOlle1 Z024 2023 Staff ¢ost$ Wages and Salaries So¢ial %ecurity tost Pension st 301.333 17,098 5.557 282,997 14,573 5.141 313.988 302.711 No einployee received emoliiments oFmore than £60.OIX) during the year. No hustee reived any ren)unerarion for their 8ervi¢es as trnstets or wiy reimlxjrsement of ¢xpen8es. The key management per%onn¢l of the charity conwris¢ the Centre N(anager and th¢ Preschool Manager, the total employee benefits of ihe key managemeni petsonnel of die charity were £50.iSI (202_3_£72.786). Staff Numbers The m4)ndily aYe numF*r of persons lincluding.%enior Managemenederip leam) ejnyloyed by the chariiy during Ihe year lfijll time ¢quiv8lenl) wa8 as follows= 2024 2023 No Caretsker5 AdminitratiOn CateFSn¥ %taff Manager PT¢school 17 17 The average monthly number of persorns employed by the charity during the y&ir was 17 {2023-17) 12 Taxfitio The Charity is retsistered chariiy and is therefore exem frorn atiOn. P¢ 2S
Lymtngton Community Association Notu to the Financial Statements for the Year Ended 31 August 2024 13 Tangible fix¢d a$$¢ts LAtKI CoJi¥Nrter Celebrati1 70 Freehold Ftdler ¢qlMent reTurhrt McIEllan Hall Cost At 1st S¢pt¢mber 2023 AdditiotL4 175271 245,568 2,061 70.1 586,815 ?68,663 706.890 A% at 31st Au1 2024 175.?71 24>568 2.763 Depreci&tion At 1st September 2023 Charge for tk year 120.224 243.122 916 1.748 5?] 114,375 39.109 240,496 14,136 A5 8131st August 2024 244.038 Net Book Vli As at 31st AugLst 2024 51.543 1.531 495 702,015 452,258 As at 3 1st Awst 2023 55,047 313 472.460 466,394 Tot C05t At I 51 SepleEtthr 2023 AdditiO]LS 1,716.625 269,366 As at 3181 AUgr 2024 1985,991 Depreciatio At 1st Sq)ieillber 2023 awge lor y¢ar 719,965 58.185 at 31st AUgt ?094 778 1$0 Net Book VAlue A5 at 3 1st AUgt ?4 1,207,840 As at 3 1st August 2093 928 134 Page 26
LyminEton Conununity Associatlo Notes to the Financial Slalements for the Year Ended 31 August 2024 14 Stock 2024 2023 3.710 3,492 3,710 15 Debtors 2024 2023 Trade Debtors Prepayrnerts (Kher debtor4 (Freda Holnrs legd¢y) Accrued Inco 11.478 ?0,481 25,659 21.131 17.350 583 561 16 Credltors: wnovnt fallthg d@ witbth ye 2024 2023 Trade Creditors Other Greditor% Other taxation and stcurily Pension scheme ci'edilor Accruals Deferred IrKoTlle (see tK>te below) 3.:. 57 7,750 6.977 9.793 9.827 1.243 17,fv13 35.562 15.?27 48.i52 83.048 Deferred In¢ome: 2024 2023 Deferr¢d Incorrt atre a¢ isk Sq)tettther AnUnt deferred in the yvar AnxKrt released to in year 35 56? {87.060) 174,121 (51.499) (57.035) Deterred balance ai star eThJ 48552 35,562 Page 27
Lymington Community Association Notes to the Financial Statements for the Year Ended 31 August 2024 17 Fund5 Balance At 31st August 2024 at I Incon1 Res0e5 SeOeTEknr2023 Te50wce& expewkd Trallsfen Unrestricted tknrestricted get*rnl fiuKis' De$ibmatrd Es'itthllslmieNt FtsiMI Pre-school FwKi Dewelopn¥nt Fu- Malt Hall C1[rA th%aster R¢covwy therve Developnrrt Plalg tkvelopnETrt TrutKI-CaF¢ Refwb Developnrnt F-wellIngt0n Ro0mR¢fb Developnrrt FUt.NeW Pre SckKKbl DevelOpnt FU[- Lift & Acces> Total Designated 57,884 877.177 1605.163} 1?76,648) 53,450 1.098.533 ii(x)o 5.6l9 I40.1) 268.663 1297,lQ7 12,000 101 140,000 15.619) 230.781 230.7RI 95.651 (95.651) 398,174 Tot141 UnTe5trieted 39.688 877 605 163 121 26 1733 427 RirIÈtd Celebrating 70 Devel0pnr C70 Fth¥J- Toil¢1 tkvelopnl Total Restrieted 116,195 63.874 185.4(KJ 121526 180,LN$9 301 Total F 877J77 005,163 1913 497 Page 28
Lymingtoo Conununftty Association Notes to tbe Finaneirdl StAtements for the Year Ended 31 August 2024 UM'estri¢ied general fuTh15 Desigr]atrd Estobli.¥hmertt Furtd Pre-school Fund Developnrni Fut - Malt Hd]I Disaster Recovery RB¥erv¢ DewelOprllt Furxl PlanTllll8 Dev¢loprnent Fund-café Refttrb Deielopment Fund-Wellingn Room Refvrb DevelopmeTrt F'u1-NCM. Pye SclK>DI Development FwMJ- Lift & Acce Ranys 70,459 540,417 (512.598} 146.J94} 57,884 913.373 12,000 5.619 140.(X)O IIS.160 1,0?8,533 5.619 140,000 90.566 37,500 (32.415) 95,651 TgtsLI Desisr0t¢d 1.161.558 37.500 (32.415) 115.560 1,281.804 T(al Urnrsiricted 1 238 017 545 OI3 Regtrl¢ted Celebrating 70 De1PInet C70 Ftsnd- Toilei Dewlopment Total Re%1rict¢d 171.119 19.220 213.202 232.4!? (33.1991 (40.966) {27.8011 68,767 116.195 185,400 301.595 171139 Total Funds 1.409.156 810,339 {578.12 1.641.283 The spe£ifi¢ purposes for whi¢h the funds are io be applied are as follgws-. Tlie 'Pre-S¢hool Fund, FtpresenLS fvnds available 10 the presLhool. Ofsted require the Pre-school su,i)luq to be rcinvestcd ID Pre-school resourcts. Included within the Pre-S¢h(M)l inconiiiig resour¢es is fitnding fom H3mpshiiE County Council of £Nil (2023-ML). The slablIshMent Fund, represen ih¢ value of the fixed assets. in the accounL%. The 'DeVelopent Funds, have been de¢iated by the Tntts for fututt reftsrbishinent of the various elements of the buildin¥. The ]saster Recovery Reserve, Is a designaled n(fj 10 afound 3 mollths of the total annud expenditure of the asSilatiOn, to be Kept 8t this level to cover costs in the unlikely cvent of £tre c105ure or provide recovery resour¢e% in the event of a temporary criws. Toilet Developtnent 15 a restricted fvnd for the rernoval of the Wellingion 4r¢4$¢ and Installtort ot new landing. To provide . nwv Éoil¢ts including l accessible toilrt UPStaiT5. Reconfigujztion of the existing toilets downstaii'5 to proTride a new Changing Places la¢ility. Unre%lricted in¢ome TrdS are available to be spent ongeneral cxpcllditure and llon5pecific projectsat the Tnf5tees di%¢reiion. Page 29
Lymington Community A550ciAtion Notes to the Financial Statements for the Year Ended 31 August 2024 18 Analy$l¥ of net Assets betYsee fvnd Unrestiicted fumts Ge]n Deiignated Re5tticted TotAI flind5 #t 315t Augitst 2024 Tangible fixed as¥rf CiLTrent assets Curreni liabilitie5 Toi&l Net assets 1.207.840 472.138 1.207.840 788,705 83,048 1913,4Y7 136.498 83,(H8 180.069 ,079,978 180.069 Unreslrirted fwxts G¢nerAI DtSi8n&ied RestTiCted Total fullds Rt 31st August 2023 Tangible fixed asstts cUe[rt a55Ets' Tent liabilities Totrd Net asgets 996,660 ?85.144 996.660 718.691 174,06R 1,641 131.95? 301.595 1281J104 301595 19 Related party Thei¢ were llo rdated pany trdnsactiofjsits the year. 20 Uitimite Controlling Party The charity was under th¢ control of the Board of TTUStees throug1t the year. 21. Trustee5 aiid officers. libility' ir1Ce The I¢tatirt arnge5 insurAnce cover of £l.LKKI.(X)O for the tru#ees and officers against liabilitii¥ in Irldtion to the asswiation. Page 311