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 I￿VEMBER 2024
Table of Contents
Page
Charity Inlorrnation
Trustee5 Report..
Accountant5 Report....
Statement of Financial Activities........
8alance Sheet.......................
Notes to the Accounts..............................
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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
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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 2l￿5.
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
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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 $18nificant UP8rades to the centre to make it more sustainable and energy
efficient. We also need to have reserves as there are a few quiet month5 on hall hire income, also, the cèntre
wlll need to repay it's short term loan lor items purchased belore the centr* had sutticient fvnds.
Signed on behalf of the Trustees
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cItARrrY REGISTRATION NUMBER 1207156
TRUSTEES REPORT AND ACCOUNTS
FOR ThE YEAR ENDED 8 NOVEMBER 2024
Accountants Report to the Trustees of Springwood Community Foundation
I report on the accounts ol the thèrity for the yeai ended 8 November 2024. which are set out on pa8e$ 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 Opin￿On 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..
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(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$t¥i¢ted
Totsl
funds
INCOMING AESOURCES
Grarnsand Donaiions
1.225
1.225
Centre hire
51.201
51,201
Incomefrom even
2.976
2,976
T￿k Shop &Bar Income
10,984]
10.9BO
Bank irnerest
23
TOTAL INCOMING RESOURCES
405 66.405
RESOURCES EXPENDED
Direct cDaiitaDie Expenoitu
25,521
25,521
Admini5trationaryJ A(JwsorySeMce5
14338
14.338
TOTAL RESOURCES EXPENDED
39.859
SURPLUSIIDEFICITI FOR THE YEAR
26.546 28,546
CARRIED FORWARD 8TH NOVEMOEA2024
26.546 26.546
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CHARITY REGISTrAnON NUMBER 1207156
TRUSTEES REPORT AND AccouNrs
FOR TIIE YEAR ENDED 8 NOVEMBER 2024
BALANCE SHEET AS AT 8TH NOVEMBER 2024
NOTES
2024
FIXED ASSErs
CUARENT ASSETS
Bank Balanc85
27.
Debtors
1722
31,582
CREDITORS
Amounts falling0￿￿ih+n 0￿&*al
037
NET CURAEMT ASSETS
TOTALASSSTS LESSTOTALUABILMES
CHARITY FUNDS
Unrestrlcled fvnds
IOTALCHARITYFUNDS
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CHARfT¥ REGISTRATION NUMBER 1207156
TIIUSTEES REPORT ANO ACCOUNTS
FOR THE YEAR ENDED 8 NOVEMBER 2024
NOTES TOTHE FIKANCIALSTATEMENT5
L GRANTSANO DONATIONS RECENABLE
2024
2024
2024
Re51rfcted De$¥nated Unrwrtcted
2024
Total
Various small(Jonatsons
1.225
1.225
SmaiiGrants
I DIAECTCIIAAITA8LE
EXPENDITURE
2024
2024
2024
Resbi¢ted Deslgnaied u￿re￿rt¢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 unre￿rt￿eé
2024
Total
Rent
816
816
Insurance
Gas & ELectric
8.518
a518
c￿onI￿¥
107
107
Wastecolleciion
Waterrate$
Postage & siatK)nary
246
246
Accountancy
n5
715
Telephone
395
Subscriptions
517
517
Repairs& Renw4ais
14J38
14J38
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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
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