REGISTERED CHARITY NUMBER: 1203256
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025 FOR
FRATTON COMMUNITY ASSOCIATION
Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park
FRATTON COMMUNITY ASSOCIATION
Denmead Hampshire PO7 6XP CONTENTS OF THE FINANCIAL STATEMENT S FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 17 |
FRATTON COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the period 1 January 2024 to 31 March 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The aims and objectives of the Association are:
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a) To promote the benefit of the inhabitants of the area of benefit without distinction of sexual orientation, nationality, age, disability, race or of political, religious or other opinions by associating together with 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;
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b) Establish or to secure the establishment of a Community Centre (hereinafter called 'the Centre') and to maintain and manage the same (whether alone or in co-operation with any statutory authority or other person or body) in furtherance of the above objectives;
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c) Promote such other charitable purposes as may from time to time be determined.
The Association shall be non-party in politics and non-sectarian in religion. The area of benefit shall be Fratton and the neighbourhood.
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Association's aims and objectives and in planning future activities. The trustees refer to public benefit throughout this report.
ACHIEVEMENTS AND PERFORMANCE
The Association has two core activities:
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The provision of affordable space for organisations providing services to the local community to operate from within the heart of the community they serve.
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To provide facilities and activities for local people to promote wellbeing and inclusiveness.
The period under review continues to present the usual challenges such as rising inflation, utility and staff costs. These have inevitably affected the charity and our service users. We continue to be a busy, vibrant and well supported Community Centre.
Affordable Space for Organisations to use
The Association rents offices to a variety of organisations throughout the year including, Pathways Support, Counselling Services, the EC Roberts Centre and Coco Coast pre-loved fashions. The Association thanks these organisations for their continued support.
Facilities and Activities
Usage of the Cafe, Fit Zone Gym, Sports Hall and general room hire remain the principal source of income for the Association. High booking levels are essential to cover the costs of running the building. Therefore, any reduction of usage can have an impact on the organisation. The Trustees have actively sought to market and promote the Community Centre to increase usage wherever possible.
Conclusion
We are grateful to Portsmouth City Council for allowing us to continue using the building rent free. We would also like to thank them for the continued support that they have provided to our Centre Manager in resolving issues as they arose throughout the year.
Recruiting new and retaining existing Trustees continues to be a challenge. We are therefore grateful to those Trustees who generously give their time on a voluntary basis to the Association.
Page 1
FRATTON COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
The Association is now looking forward to facing the challenges of 2025/26
FINANCIAL REVIEW
In the 15 month period to March 2025 the charity's income was £300k. This compares to £160k for the 9 months ended 31 December 2023.
Overall, the charity has a surplus of £184 compared with a deficit of £10k in the previous period.
The Association continues to increase fundraising activities which has seen donations increase from £6.6k in the previous period to £9.0k in the current period. The Charity continually looks to increasing revenue streams and will continue to do so in the future.
As at March 2025 the charity had unrestricted funds of £70k.
Reserves policy
The Trustees have determined that the charity needs to retain sufficient free reserves to allow an orderly winding up of the charity, should it ever be required, plus 3 to 6 months core expenditure to allow the Trustees time to work through the short term loss of income or, if a permanent loss of income, to identify and apply for new sources of income.
The Trustees have established that the winding up costs (redundancies, lease commitments, dilapidations and professional fees) would be in the region of £55k. Based on the accounts for the period ended 31 March 2025, 3 months core cost would amount to £60k and therefore 6 months would be around £120k. The Trustee's aim is therefore to have between £115k and £175k of free reserves.
As of March 2025 the charity had free reserves of £58k. Free reserves have been calculated as total unrestricted funds (£70k) less functional fixed assets, (£12k) as these are needed to operate.
The level of free reserves is therefore short of the targeted minimum reserves policy. The Trustees will continue in the next financial period to increase free reserves to meet the minimum required by the policy.
Going concern
Despite challenging financial conditions, the Association has continued to provide support to a diverse range of community groups as well as meeting demands of those local people using the Centre. The Trustees understand the need to increase funding to close the gap between income and expenditure.
The Trustees remain confident that the Association can continue to provide its core services and deliver as many activities as possible throughout the coming year and beyond. On this basis the Trustees believe the Association remains a going concern for the foreseeable future.
FUTURE PLANS
We welcomed the EC Roberts Centre Nursery and Pre School to our Community Centre family in August 2023. They have relocated to us whilst their current premises are updated.
The Association looks forward to facing the challenges of growing the activities of the Centre in the future.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Fratton Community Association is a registered charity and is governed by its Constitution which was adopted in 1979 and amended in June 1996, December 2008.
Risk management
The trustees have established the major strategic, business and operational risks which the charity faces and confirm that systems have been established to mitigate those risks.
STRUCTURE, GOVERNANCE AND MANAGEMENT Appointment of trustees
Trustees are appointed by the members at the Annual General Meeting in accordance with the Constitution.
Page 2
FRATTON COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
Trustee induction and training
New trustees are introduced to the operations of the Community Centre and given information on the responsibilities of being a trustee, as well as a copy of the Constitution. Training is provided to trustees when necessary.
Organisation
The board of trustees meet regularly to administer the charity. A manager has been appointed to manage the day-to-day operations of the charity.
Related parties
Certain trustees are associated with organisations, such as Portsmouth City Council, and any conflict of interest has been registered.
Cllr D Ashmore - Portsmouth City Council. L Harris - Bunny Warren K Gleave - Bunny Warren
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1203256
Principal address
Trafalgar Place Fratton Portsmouth Hampshire PO1 5JJ
Trustees
Cllr T Coles (Chair) Mr C Padfield Cllr D Ashmore Mr D Kelloway Mrs Goodbrand Mr Short
The Chair, Vice Chair and Treasurer retire each year at the annual general meeting, but may seek re-election.
Centre Manager
J Crook
Independent Examiner
Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP REFERENCE AND ADMINISTRA TIVE DETAILS Solicitors Stokes 108 Victoria Road North Southsea
Page 3
FRATTON COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
Hampshire PO5 1QQ
Bankers
The Co-operative Bank Plc 46-48 Arundel Street Portsmouth Hampshire PO1 1TD Barclays Bank 107 Commercial Road Portsmouth Hampshire PO1 1BT Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Cllr T Coles - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRATTON COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of Fratton Community Association
I report to the charity trustees on my examination of the accounts of Fratton Community Association (the Trust) for the period 1 January 2024 to 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
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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.
Gavin Whitter
Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP
Date: .............................................
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
| INCOME AND ENDOWMENTS FROM | Notes | Unrestricted | Restricted | Period | Period |
|---|---|---|---|---|---|
| Donations and legacies | funds | funds | 1.1.24 | 1.4.23 | |
| 2 | £ | £ | to | to | |
| Charitable activities | 31.3.25 | 31.12.23 | |||
| Community Centre | 5 | 87,023 | - | Total | Total |
| funds | funds | ||||
| Other trading activities | £ | £ | |||
| 3 | 165,121 | - | |||
| Page 5 |
| FRATTON COMMUNITY ASSOCIATION Investment income Total EXPENDITURE ON Raising funds Charitable activities Community Centre Total 4 6 7 24,482 22,966 299,592 12,808 286,564 299,372 - - 36 NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS 220 (36) Total funds brought forward 69,805 1,480 TOTAL FUNDS CARRIED FORWARD - 36 70,025 1,444 |
87,023 165,121 24,482 22,966 299,592 12,808 286,600 299,408 184 71,285 71,469 |
53,728 81,761 12,138 12,700 160,327 8,204 162,324 170,528 (10,201) 81,486 |
|---|---|---|
| 71,285 |
The notes form part of these financial statements
Page 6 BALANCE SHEET 31 MARCH 2025
| 31.3.25 | 31.12.23 | |
|---|---|---|
| Notes | £ | £ |
| 13 | 11,545 | 16,510 |
FIXED ASSETS Tangible assets
| FRATTON COMMUNITY ASSOCIATION CURRENT ASSETS Stocks 14 Debtors 15 Cash at bank and in hand 16 CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS 17 FUNDS 19 Unrestricted funds Restricted funds TOTAL FUNDS |
173 13,289 75,320 88,782 (28,858) 59,924 71,469 71,469 70,025 1,444 71,469 |
150 17,024 64,511 81,685 (26,910) 54,775 71,285 71,285 69,805 1,480 71,285 |
|
|---|---|---|---|
TOTAL FUNDS
The financial statements were approved and authorised for issue by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Cllr T Coles - Trustee
The notes form part of these financial statements
Page 7
FRATTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.
The trustees transferred the assets and activities of the Association to a CIO (Fratton Community Association, charity number 1203256), having been an unincorporated charity to the the deed of transfer dated 1 January 2024. These financial statements have been prepared under merger accounting rules and therefore the unincorporated charity (number 278546) and the incorporated charity (number 1203256) are treated as though they had always been combined and presented as a continuation of the old charity.
Income
Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, receipt is probable and the amount can be measured with sufficient reliability. Such income is only deferred when:
-
the donor specifies that the grant or donation must only be used in future accounting periods; or
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the donor has imposed conditions which must be met before the charity has unconditional entitlement.
Other trading activities income, such as vending machine income, is recognised on a receivable basis.
Investment income is recognised on a receivable basis.
Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific conditions is recognised as earned (as the related goods and services are provided). Grant income included in this category provides funding to support activities and is recognised where there is entitlement, receipt is probable and the amount can be measured with sufficient reliability. Such income is only deferred when:
-
the donor specifies that the grant or donation must only be used in future accounting periods; or
-
the donor has imposed conditions which must be met before the charity has unconditional entitlement.
Volunteers and donated services
The value of services provided by volunteers is not incorporated into these financial statements.
Where goods or services are provided to the charity as a donation that would normally be purchased from suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.
Expenditure
Expenditure is recognised when a liability is incurred. Contractual arrangements are recognised as goods or services are supplied.
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Raising funds expenditure are those costs incurred in attracting voluntary income.
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Charitable activities include expenditure associated with providing services to the charity's beneficiaries and include both the direct costs and support costs relating to those activities.
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Support costs, including governance costs and central functions have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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FRATTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025 1. ACCOUNTING POLICIES - continued
Expenditure Irrecoverable VAT
All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Link building - Straight line over 25 years Fitness room - Straight line over 25 years Fitness room equipment - 20% on reducing balance Fixtures and fittings - 20% on reducing balance Sports hall - 20% on reducing balance and Straight line over 25 years Furniture and equipment - 20% on reducing balance Individual fixed assets costing £500 or more are capitalised at cost.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Stock is valued on a first in first out basis.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. DONATIONS AND LEGACIES
| Donations Grants 2. DONATIONS AND LEGACIES - continued Grants received, included in the above, are as follows: 3. 4. PCC - Donated rent grant PCC - Staff grant |
Period 1.1.24 to 31.3.25 £ 8,898 78,125 87,023 Period 1.4.23 to 31.12.23 £ 6,603 47,125 53,728 Period 1.1.24 Period 1.4.23 |
Period 1.1.24 to 31.3.25 £ 8,898 78,125 87,023 Period 1.4.23 to 31.12.23 £ 6,603 47,125 53,728 Period 1.1.24 Period 1.4.23 |
|---|---|---|
| 53,728 | ||
| Period 1.4.23 |
2.
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FRATTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
| Other grants Fratton Big Local OTHER TRADING ACTIVITIES Refreshments income Photocopying income INVESTMENT INCOME Office rents received UK bank account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activities income Function room hire Sports hall hire Fitness Zone income Religious assemblies Activity Community Centre Community Centre Community Centre Community Centre Community Centre 6. RAISING FUNDS Raising donations and legacies |
to 31.3.25 £ 49,625 27,500 - 1,000 78,125 Period 1.1.24 to 31.3.25 £ 24,482 - 24,482 Period 1.1.24 to 31.3.25 £ 22,287 679 22,966 Period 1.1.24 to 31.3.25 £ 5,099 111,475 39,664 6,143 2,740 165,121 Period 1.1.24 to 31.3.25 |
to 31.12.23 £ 29,775 16,500 850 - 47,125 Period 1.4.23 to 31.12.23 £ 12,044 94 12,138 Period 1.4.23 to 31.12.23 £ 12,198 502 12,700 Period 1.4.23 to 31.12.23 £ 3,894 49,366 21,912 2,549 4,040 |
|---|---|---|
| 81,761 | ||
| Period 1.4.23 to 31.12.23 |
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FRATTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
| £ Refreshments purchases 12,808 7. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 8) note 9) £ £ Community Centre 34,920 251,680 8. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Project expenses Cleaning materials and repairs Depreciation Loss on sale of assets Period 1.1.24 to 31.3.25 £ 2,280 960 26,715 4,965 - 34,920 9. SUPPORT COSTS Governance Management costs £ £ Community Centre 245,529 6,151 Support costs, included in the above, are as follows: Management Wages Social security Rent Rates and water Insurance Light and heat Period 1.1.24 to 31.3.25 Community Centre £ 122,417 8,358 49,625 8,393 1,853 41,374 2,813 1,938 1,875 |
£ 8,204 Totals £ 286,600 |
£ 8,204 |
|---|---|---|
| Period 1.4.23 to 31.12.23 £ 6,113 1,051 5,268 3,379 290 16,101 Totals £ 251,680 |
||
| Period 1.4.23 to 31.12.23 Total activities £ 67,395 4,492 29,775 3,910 1,265 24,048 1,351 2,044 1,301 |
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FRATTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
| Telephone, photocopying and postage | 947 | 204 |
|---|---|---|
| Postage, stationery and advertising | 1,413 | 825 |
| Licences and subscriptions | 2,471 | 6,329 |
| Sundries | 2,052 | 1,268 |
| Payroll processing charges | ||
| Premises repairs and maintenance | 245,529 | 144,207 |
| Bank and credit card charges | ||
| Period | Period | |
| 1.1.24 | 1.4.23 | |
| Governance costs | to | to |
| 31.3.25 | 31.12.23 | |
| Community | Total | |
| Centre | activities | |
| £ | £ | |
| 1,866 | 2,016 | |
| 4,285 | - | |
| Accountancy and legal fees | 6,151 | 2,016 |
| Legal and professional fees |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 March 2025 nor for the period ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 March 2025 nor for the period ended 31 December 2023.
11. STAFF COSTS
| Period 1.1.24 to 31.3.25 £ Wages and salaries 124,697 Social security costs 8,358 The average monthly number of employees during the period was as follows: Period 1.1.24 to 31.3.25 Charitable 1 133,055 |
Period 1.4.23 to 31.12.23 £ 73,508 4,492 Period 1.4.23 to 31.12.23 1 78,000 |
|---|---|
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FRATTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
| Support 9 12. No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Restricted funds INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Community Centre Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Community Centre Total Unrestricted funds £ 53,728 81,761 12,138 12,700 160,327 8,204 162,298 170,502 £ - - - - - 26 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD Unrestricted funds £ (10,175) 79,980 69,805 Restricted funds £ (26) 1,506 13. TANGIBLE FIXED ASSETS Link Fitness building room COST £ £ At 1 January 2024 and 31 March 2025 233,709 37,262 DEPRECIATION At 1 January 2024 233,709 - 33,159 1,863 10 26 1,480 |
|
|---|---|
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FRATTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
| Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 December 2023 233,709 - 35,022 2,240 Fixtures Furniture and Sports and fittings hall equipment COST £ £ £ At 1 January 2024 and 31 March 2025 7,147 38,951 1,210 DEPRECIATION At 1 January 2024 Charge for year At 31 March 2025 NET BOOK VALUE 6,784 91 38,849 25 38,874 528 171 At 31 March 2025 272 77 511 At 31 December 2023 14. STOCKS 31.3.25 £ Stocks 173 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments 31.3.25 £ 10,308 - 2,981 13,289 16. CASH AT BANK AND IN HAND 31.3.25 £ Bank current account 72,907 4 day deposit account (Designated fund) 1,538 Cash 875 - 4,103 6,875 699 363 102 682 |
13,505 8,445 Totals £ 340,229 11,260 |
|
|---|---|---|
| 323,719 4,965 |
||
| 328,684 | ||
| 11,545 31.12.23 £ 150 31.12.23 £ 6,961 4,413 5,650 17,024 31.12.23 £ 61,678 1,510 1,323 16,510 |
||
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FRATTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
| 75,320 | 64,511 | |||||
|---|---|---|---|---|---|---|
| 17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 31.3.25 | 31.12.23 | |||
| 18. | Trade creditors | £ | £ | |||
| Amounts held on behalf of HOPE | 14,682 | 10,907 | ||||
| Amounts held on behalf of Fratton Big Local | 641 | 641 | ||||
| Accrued expenses | 1 | 1 | ||||
| 13,534 | 15,361 | |||||
| 28,858 | 26,910 | |||||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||||
| Unrestricted | 31.3.25 | 31.12.23 | ||||
| Fixed assets Current assets Current liabilities |
funds £ 11,437 87,446 (28,858) |
Restricted funds £ 108 1,336 |
Total funds £ 11,545 88,782 (28,858) |
Total funds £ 16,510 81,685 (26,910) |
||
| 70,025 | - 1,444 |
71,469 | 71,285 | |||
| 19. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At 1.1.24 | in funds | 31.3.25 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 43,353 | (2,138) | 41,215 | |||
| Groups and sections - JYC | 1,610 | - | 1,610 | |||
| Groups and sections - Fitness Zone | 24,842 | 2,358 | 27,200 | |||
| 69,805 | 220 | 70,025 | ||||
| Restricted funds | ||||||
| Grant - Intergenerational games | 143 | (36) | 107 | |||
| Grant - Changes | 411 | - | 411 | |||
| Roshni project | ~~926~~ | ~~-~~ | ~~926~~ | |||
| 1,4801,444 (36) |
||||||
| TOTAL FUNDS | 71,28571,469 184 |
|||||
| Net movement in funds, included in the above are as | ||||||
| follows: | ||||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 293,449 | (295,587) | (2,138) | |||
| Groups and sections - Fitness Zone | 6,143 | (3,785) | 2,358 |
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FRATTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025
| Restricted funds Grant - Intergenerational games TOTAL FUNDS Comparatives for movement in funds 299,592 - 299,592 (299,372) (36) (299,408) Net movement At 1.4.23 in funds Unrestricted funds £ £ General fund 54,052 (10,699) Groups and sections - JYC 1,640 (30) Groups and sections - Fitness Zone 24,288 554 Restricted funds 79,980 (10,175) Grant - Intergenerational games 169 (26) Grant - Changes 411 - Roshni project ~~926~~ - 1,5061,480 TOTAL FUNDS 81,48671,285 (26) (10,201) |
220 (36) At 31.12.23 £ 43,353 1,610 24,842 69,805 143 411 ~~926~~ 184 |
|---|---|
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FRATTON COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025 19. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Groups and sections - JYC Groups and sections - Fitness Zone Restricted funds Grant - Intergenerational games TOTAL FUNDS Unrestricted Funds |
Incoming resources £ 157,778 - 2,549 160,327 - 160,327 |
Resources Movement expended in funds £ £ (168,477) (10,699) (30) (30) (1,995) 554 (170,502) (26) (170,528) (10,175) (26) (10,201) |
|---|---|---|
Groups and sections
JYC - This is a youth fund.
The Fitness Zone fund is set aside for the maintenance and replacement of fitness zone equipment.
Restricted Funds
Grants
The intergenerational games fund is a grant received to purchase equipment for the intergenerational games club. The cash grant has been spent in full. The fund balance represents the undepreciated amount of the tangible fixed assets purchased with the grant. The movement in the year represents the depreciation charge.
Changes funding to start and run a vulnerable women's sports group, including victims of domestic violence.
Roshni project is a grant received from Southsea Community Centre.
20. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 March 2025.
21. ULTIMATE CONTROLLING PARTY
The charity is under the control of its trustees. No one trustee has control of the charity.
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