SPRINGWOOD COMMUNITY FOUNDATION Registered Charity Number 1207156 Trustees Report and Accounts for the year ended 8th November 2024
CHARITY REGISTRATION NLIM8ER 1207156 TRVSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 8 IVEMBER 2024 Table of Contents Page Charity Inlorrnation Trustee5 Report.. Accountant5 Report.... Statement of Financial Activities........ 8alance Sheet....................... Notes to the Accounts.............................. Page | 2
CHARITY REGISTRATION NUMBER 1207156 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED B NOVEMBER 2024 Charity Informatlon Address-. Sprin8wood Community Centre 110 Sprin8wood Avenue Waterloovillè Hampshife P07 88J Accountant.. Landi Accounting Limited 62 Stakes Road Waterlooville Hampshire P07 8NT Page | 3
CHARITY RÉGISTRATION NUMBER 1207156 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED B NOVEMBER 2024 Trustees Report Executive Summary This documènt sèts forth a report on Springwood Community Foundation, re8lStered charity number 1207156. It outline5 the organisation's objectives an(1 activ¢tie5. its achievements anLI performance, proceedings, intèntions for future periods. and a detailed review of it5 financial standin8. Introduction The Trustees present their report and financial statemefit for ihe year ended 8, November 2024. Thi5 report 15 presented in accordance with the statement ol recommended practice. "Accountin8 and Reporting bv Charities" ISORPI. issued in March 2l5. The Charity is governed accordln8 to the Constitution dated 22 Fèbruary 2024. The Charity's annual reports arè published on the Charity Commission Web51te. with effe¢t from the year ended 8" November 2024, Statement of Trustee's Responslbilities The Charlties Art 2011 require5 the trusiees to prepare financial statements for ta¢h financial ytar, whlch give a true and lair view ol thè state of affairs of the charity and the incoming re50urt*s and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. Select suitable accountin8 policses and apply thern consistently,. Observe the methods and principles in the Charities SORP 2OJ5., Make juil8ements and accounting estirnates that are reasonable and prudent: Slate whether applicable accountin8 Standards have been followed, subject to any material departures tlisclosed and explained in the linantial statements. and Prepare the linanoal statemenis on the 89in8 concern basis unless it is inappropriate to do so. The trustees are responsible for keeping sufficient accountin8 records that disc105e with reasonable atturaty at any time the financial posltion ol the tharity and enable them to ensure that tht financial statements comply with the Charities Act 2011. They are also responsible for safe8uaidin8 the assets ol the charity and take feasonable srep5 for the prevention and deiection of fraud and oiher irre8ularities. Organisation Springwood Community Foyndation exist5 to lurther or benefit the residents of Stakes and the neighbourhood, by associatin8 tO8ether the said residents and the local authorities. voluntary and other orBani5ations in a common effort to advance education and to provitle facilities in the interests ol social welfare lor recreation and leisure time occupation to improve the conditions of life lor the residents. Trustees Charlotte Waters Lee MCAII Xeira jacobs Page 14
CWtTY REGISTUTION NLIMBER 1207156 TRUSTEES REPORT AND Accoupirs FOR THE YEAR ENDED 8 NOVEMBER 2024 Volunteers We really do appreciate all of our volunteers and Tfusrees. Their continued supporL hard work and determination help us to continue, we could not do it witPLOUt them. Objectives Objectives for the future include hosting more support groups lor the well-being of the community. more free/low-COSt artivities lor Itxal families. and hosting market5 to showtase local busine5se5 e.8. craft markets andlor farmers market5. Financial The results for the year and financial posilion are set out in the Statemeni of Financial Activities on pa8e 7 and the Balance Sheet on page 8. Total incomin8 re50yrces were E66.405. Expenditure on resour$ was £39,859. The surplus for this year was £26,546. Over tlme, we intend to make $18nificant UP8rades to the centre to make it more sustainable and energy efficient. We also need to have reserves as there are a few quiet month5 on hall hire income, also, the cèntre wlll need to repay it's short term loan lor items purchased belore the centr* had sutticient fvnds. Signed on behalf of the Trustees Page15
cItARrrY REGISTRATION NUMBER 1207156 TRUSTEES REPORT AND ACCOUNTS FOR ThE YEAR ENDED 8 NOVEMBER 2024 Accountants Report to the Trustees of Springwood Community Foundation I report on the accounts ol the thèrity for the yeai ended 8 November 2024. which are set out on pa8e$ 7- io RESPECTIVE RESPONSIBILMES OF TRUSfEES AND EXAMINER The Charity's trustees are responsible for the preparation ol the accounts. The charity'5 trustèes Consider that an audit is not required for this year. section 144121 of the chant1¢5 Act 2011 (the 2011 Art). It is my responsibility lo.. Examine the accounts under section 145 91 the 2011 Act To follow the procedures laid down in the zeneral directlons given by the Charity Commission under stttion 14515lb ol tht 2011 Act To state whether particular matters have come to my attention BASIS OF INDEPENDENT EXAMINERS REPORT My examination was carried out in accordance with the 8eneral dirertions given by the Charity Commission. An examination includes a review of the accountin8 records kept by the charity and a cornparison ol the accounts presented with those record5. It also includes consideration ol any unusual items Of disclosures in the accounts, and seekin8 explanations from yov as trustees concernin8 any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently. no OpinOn is given as to whether the accounts present a'true and lair view,, and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In Connection with my examination. no matters have come to my attention= 111 Which 8ives me reasonable cause to believe thai in any material respect the requirements.. To keep actountirng records in actordante with strtion 130 of the 2011 Art," To prepare accounts which accord with ihe a¢eouhiin8 retords and comply w¢th the accountin8 requirernents ol the 2011 Act Have not been met., or 121 To which. in my opinion. attention should be drawn in order io enable a proper understandin8 01 the accgunts to be reached. Landi Accounting Ltd 63 Stakes Road Waterlooville Hampshire LANDI ACCOUNTING LIMITED P07 5NT CHARTEREO CER TIFIED ACCOUNTANTS 82 STAKÉS ROAD. PURBROOK WATERLOOVILLE. HAMPSHIRE P07 wr Date.. Page | 6
(HARITY REGISTRATION NUMBER 1107156 TRUSTEES REPORT AND ACCOLINTS FOR TrIE YUR ENDED8 NOVEMBER 2024 STATEMENT OF FINANCIAL ACTIVITIES 2024 2024 2024 NOTES Restilcted Designated Utyre$t¥i¢ted Totsl funds INCOMING AESOURCES Grarnsand Donaiions 1.225 1.225 Centre hire 51.201 51,201 Incomefrom even 2.976 2,976 Tk Shop &Bar Income 10,984] 10.9BO Bank irnerest 23 TOTAL INCOMING RESOURCES 405 66.405 RESOURCES EXPENDED Direct cDaiitaDie Expenoitu 25,521 25,521 Admini5trationaryJ A(JwsorySeMce5 14338 14.338 TOTAL RESOURCES EXPENDED 39.859 SURPLUSIIDEFICITI FOR THE YEAR 26.546 28,546 CARRIED FORWARD 8TH NOVEMOEA2024 26.546 26.546 Page | 7
CHARITY REGISTrAnON NUMBER 1207156 TRUSTEES REPORT AND AccouNrs FOR TIIE YEAR ENDED 8 NOVEMBER 2024 BALANCE SHEET AS AT 8TH NOVEMBER 2024 NOTES 2024 FIXED ASSErs CUARENT ASSETS Bank Balanc85 27. Debtors 1722 31,582 CREDITORS Amounts falling0ih+n 0&*al 037 NET CURAEMT ASSETS TOTALASSSTS LESSTOTALUABILMES CHARITY FUNDS Unrestrlcled fvnds IOTALCHARITYFUNDS Page 18
CHARfT¥ REGISTRATION NUMBER 1207156 TIIUSTEES REPORT ANO ACCOUNTS FOR THE YEAR ENDED 8 NOVEMBER 2024 NOTES TOTHE FIKANCIALSTATEMENT5 L GRANTSANO DONATIONS RECENABLE 2024 2024 2024 Re51rfcted De$¥nated Unrwrtcted 2024 Total Various small(Jonatsons 1.225 1.225 SmaiiGrants I DIAECTCIIAAITA8LE EXPENDITURE 2024 2024 2024 Resbi¢ted Deslgnaied urert¢lett 2024 Total Tuck shop & BarsukWlie$ 10,113 10,113 Staff ¢o#s 15.408 15.408 25.521 25.521 ADMINISTRATION ANDADVISORYSEAVICES 2024 2024 Aestri¢ted Deslgnated unrerteé 2024 Total Rent 816 816 Insurance Gas & ELectric 8.518 a518 conI¥ 107 107 Wastecolleciion Waterrate$ Postage & siatK)nary 246 246 Accountancy n5 715 Telephone 395 Subscriptions 517 517 Repairs& Renw4ais 14J38 14J38 Page19
CtriARif¢ REGISTRAnON NUMBER 1207156 TRUSTEES REPORT AND AccouKrs FOR ThE YEAR ENDED 8 NOVEMBER 2024 NOTESTO THE FINANCLILSTATEMEpifs-COHIINUED CREDrtOAS 2024 Acciued expenses Creditors 1,593 Securrtydeposns heid 970 PAYE & NIC PayaD Short lem loan 2.oc &037 S. BANKAccoupif BALANCES 2024 Business CurrentAccount Business FiesetveAtcouni 13,666 14.191 Page | 10