2022-03-31-accounts - Waterside Community Fund

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		Page
Legal and Administrative Information
Description ofthe trust ofthe charity
and its organisational	structure
Statement oftrustees'	responsibilities
Public benefit
Report ofthe trustees
Investment managers'	report
Report ofthe independent auditors		6-8
Statement offinancial	activities	9-10
Balance Sheet
Notes to the financial	statements	12-19

TRUSTEES: appointed	TRUSTEES: appointed	to hold office for the term shown	to hold office for the term shown	in brackets:
Name				Period ofoffice
Alan Alvey				(for 4 years	from May 2019)
Christina James				(for 5years	from October 2022)
Daniel Poole	(Appointed	01September	2021)	(for 5years	from September 2021)
Declan English	(Retired 16May 2021)
Jill Tomlin	(Chairman)			(for 5years	from July 2019)
Judith Saxby	(Vice Chairman)			(for 4 years	from July 2020)
Melody Roberts Pat Hedges Sandra Delemare	(Retired 19May 2021) (Appointed 22 September		2021)	(for 5years from July 2019) (for 20 months from September 2021)
Sean Cullen				(for 4 years	from June 2019)
Simon Lodge	(Appointed	24June 2021)		(for 2 years	from May 2021)
Stephanie Osborne	(Retired 22 September 2021)
CLERK TO THE TRUSTEES:		Vaferie Stewart
ADDRESS:		7 Drummond	Court
		Prospect Place
		Hythe
		Hampshire
		SO45 6HD
REGISTERED WITH THE CHARITY
COMMISSIONERS:		Number 255778
AUDITOR:		Azets Audit Services
		Secure House
		Lulworth Close
		Chandlers Ford
		Southampton
		Hampshire
		United Kingdom
		SO533TL
BANKERS:		HSBC pic
		17The Marsh
		Hythe
		Hampshire
		SO45 6ZB
INVESTMENT MANAGERS:		Rathbone Investment		Management	Limited
		Fiennes House
		32 Southgate	Street
		Winchester
		Hampshire
		SO23 9EH

								Total	Total
					Unrestricted	Restricted	Endowment	Funds	Funds
					Funds	Funds	Funds	2022	2021
				Note	6		6	6	6
Income and endowments			from:
Charitable activities					541	17,028		17,569	15,648
Investments							397,597	397,597	312,891
Total					541	17,028	397,597	415,166	328,539
Expenditure on:
Raising funds				5			37,920	37,920	37,920
Charitable activities				6	327,036	17,028		344,064	220,394
Governance costs				9	21,834			21,834	20,691
Total					348,870	17,028	37,920	403,818	279,005
Net gains/(losses)	on investments						678,852	678,852	1,427,435
Net income/(expenditure)					~348,329		1,038,529	690,200	1,476,969
Transfer between	funds			15	343,427		(343,427)
Net movement in	funds				(4,902)		695,102	690,200	1,476,969
Reconciliation	of Funds
Total funds brought		forward			178,851		10,768,485	10,947,336	9,470,367
Total funds carried		forward			173,949		11,463,587	11,637,536	10,947,336

Prior Financial	Year						Total
				Unrestricted	Restricted	Endowment	Funds
			Note	Funds 6	Funds f	Funds 6	2021
Income and endowments		from:
Charitable activities				562	15,086		15,648
Investments						312,891	312,891
Total				562	15,086	312,891	328,539
Expenditure on:
Raising funds			5			37,920	37,920
Charitable activities			6	205,308	15,086		220,394
Governance costs			9	20,691			20,691
Total				225,999	15,086	37,920	279,005
Net gains/(losses)	on investments		12			1,427,435	1,427,435
Net income/(expenditure)				225,437		1,702,406	1,476,969
Transfer between funds			15	274,971		(274,971)
Net movement in	funds			49,534		1,427,435	1,476,969
Reconciliation ofFunds
Total funds brought	forward			129,317		9,341,050	9,470,367
Total funds carried forward				178,851		10,768,485	10,947,336

						2022		2021
				Note	6			8
Fixed assets
Tangible assets				10		90,021		92,763
Intangible assets				11		2,622
Investments				12		11,324,142		10,616,111
Total fixed assets						11,416,785		10,708,874
Current assets
Debtors				13	13,078		12,876
Cash at bank and	in	hand			266,134		242,514
Total current assets					279,212		255,389
Creditors: amounts Net current assets		falling due within	one year	14	58,461	220,751	16,927	238,462
Total assets less current liabilities						11,637,536		10,947,336
Net assets						11,637,536		10,947,336
Total net assets						11,637,536		10,947,336
Funds
Endowment						11,463,587		10,768,485
Unrestricted Income						173,949		178,851
				15		11,637,536		10,947,336
Approved by the board oftrustees on			2-~d~ 20L3 and signed			on their behalf by:
					Trustee

3.	Charitable activities
							2022	2021
							8	6
	Clayfields Allotments Gardening Receipts						541 17,028	562 15,086
							17,569	15,648
4.	Investments
	Income from listed investments						397,535	312,772
	Interest receivable						62	119
							397,597	312,891
5.	Expenditure on Raising	Funds
	Investment management	costs					37,920	37,920
							37,920	37,920
6.	Expenditure on Charitable		Activities
	Gardening scheme Allotment costs						2,839 1,340	2,734 825
	Grants payable - individuals (Note 7) Grants payable - organisations (Note 8)						138,129 151,185	93,630 75,281
	Support costs (Note 9)						50,571	47,924
							344,064	220,394
7.	Grants payable - individuals
				Number	2022	f	2021 Number	K
	General			100		62,279	92	42,546
	Education			1		1,500
	Gardening Shoe project			169 441		61,111 13,239	150 278	42,744 8,340
				711		138,129	520	93,630

OR	THE YEAR ENDED 31 MARCH 2022
8.	Grants payable -organisations Organisations	2022 F	2021 6
	a) Schools/Colleges/Preschools Applemore College Greenwood School New Forest Academy Noadswood School	2,000 1,000	1,000 300 1,000 1,000
	Orchard Junior School	1,800	5,000
	Orchard Infant School		1,500
	Twiggs Lane Preschool Mulberry Pre School Waterside Primary School Blackfield Primary School Cadland Primary School	5,893 4,708 5,000 25,476	1,000
		45,877	10,800
	b) Youth Fawley Parish Council Handy Trust	5,480 22,220	7,077 10,826
		27700	17903
	c) Community Age Concern New Forest Dibden PCC		2,000 7,250
	Families Matter	5,000	19,000
	Fawley Association Football Club Home Start Hampshire Hythe Pier Heritage It's Your Choice	500 5,000	1,769 2,000 5,000 2,000
	Old Mac Mower Garden Services		459
	Our Time		600
	Waterside Ecumenical Project Wessex Cancer Trust		4,500 2,000
	Healthy Haven Garden	3,000
	Oakhaven Hospice Trust Waterside Gateway Club	2,500 2,000
	Waterside Christmas Fire engine NCL Calshot Tower	1,269 7,500
	Thursday Afternoon Short Mat Bowling Club Solent Mind	1,065 45,733
	Residents Group Charley Ley Court Stop Domestic Abuse	251 1,120
		74,938	46,578
	d) Medical welfare Wessex Cancer Trust	2,000
	Age Concern Hampshire	670
		2,670
		151185	75 281

Other expenditure con	sists of Ma	nagement and Administration cost	s which are allocated as follow	s:
			2022	2021
				6
Support costs			50,571	47,924
Governance costs			21,834	20,691
			72,405	68,615
Management and Administration Rent rates and utilities		costs consist of:	5,100	3,706
Staff costs (see below)			44,692	42,821
Postage and stationery			2,185	2,535
Computer maintenance Telephone	and support		4,427 1,553	4,979 1,337
Publicity costs			320	183
Sundry expenses			125
Repairs and maintenance Insurance			577 1,503	1,093 1,395
Auditors' remuneration			8,000	7,276
Recruitment			97
Depreciation and loss	on disposal	offixed assets	2,742	2,709
Bank charges			149	133
Travel			455	377
Seminar/Course			480	71
			72,405	68,615
Staff costs comprise:
Salaries			40,629	38,928
Defined Contributions	Pension		4,063	3,893
			44,692	42,821

IBDEN ALLOTMENTS FUND OTES TO THE FINANCIAL STATEMENTS (CONT OR THE YEAR ENDED 31 MARCH 2022	INUED)
10.Tangible Fixed Assets	Long
	Leasehold	Office
	Property 6	equipment f	Totalf
Cost:
At 1 April 2021	110,050	25,503	135,553
Additions
Disposals At 31 March 2022	110,050	25,503	135,553
Depreciation: At 1 April 2021 Charge for the year	20,900 1,140	21,890 1,602	42,790 2,742
Disposals At 31 March 2022	22,040	23,492	45,532
Net BookValue: At 31 March 2022	88,010	2,011	90,021
At 31 March 2021	89,150	3,613	92,763
11.Intangible Fixed Assets
		Software	Total
			6
Cost:
At 1 April 2021 Additions		2,622	2,622
Disposals At 31 March 2022		2,622	2,622
Amortisation:
At 1 April 2021
Charge for the year
Disposals
At 31 March 2022
Net Book Value: At 31 March 2022		2,622	2,622
At 31 March 2021

12.Investments
					2022	2021
					6
l.isted					11,244,017	10,403,515
Cash and settlements	pending		held as part ofthe investment	portfolio	80,125	212,596
					11 324 142	10616111
Market Value:
Brought forward Additions at cost					10,616,111 1,025,007	9,188,676 1,941,150
Disposal proceeds Realised and unrealised Net cash movement		gains	I(losses)		(863,357) 678,852 ~132.471	(1,363,833) 1,427,435 ~577,317
Carried forward					11324 142	10616111
13.Debtors					2022	2021
					6	6
Debtors due in less	than one		year:
Accrued income					9,810	8,397
Prepayments					738 10,548	2,979 11,376
Debtors due in more	than one year:
Other debtors and deposits					2,530	1,500
					13078	12876
14.Creditors: amounts	falling due within one year
Accruals					58,283	16,727
Other					178	200
					58 461	16627

Funds
			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Fund	Funds
			E			6
At 1 April 2021 Net incoming I	(outgoing) resources for the ye;		178,851 (348,329)		10,768,485 359,577	10,947,336 11,348
Transfers between		funds	343,427		(343,427)
Net Investment	gains and losses				678,852	678„852
At 31 March 2022			173949		11463 587	11637536
			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Fund	Funds
			6		6	6
Represented by:
Tangible fixed assets Fixed asset investments					90,021 11324 142	90,021 11324142
Net current assets			173,949		49,424	223,373
			173949		11463587	11637536

				2022	2021
				F
Grants awarded	to entities	with	common trustees	22,220	7,875
				22,220	7,875
17.Commitments	and contingent		labilities

							2022		2021
							6
Operating	leases	within	one	year				317	317
Operating	leases	within	two	and	five	years		106
								423	317