Chtrlty R•gl•tratlon No. 265778 (England and Wal•¥l
WATERSIDE COMMUNITY FUND
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

WATERSIDE COMMUNITY FUND
coKrENTS
Pag•
Legal admini5tratiNp Inlom8tion
D8s(#lpkn of tho arKI its wJonls•llonal SIn¢￿r0
Statsm•rt of trust￿8, r8sponsiblit*s
p￿)11¢ benefjl
InYe51ment m￿agar3, rnp
ITrJèpW￿Qn¢ awlitc¢s report
Staten￿Tht of flnandal a￿¥118&
9-10
Balance ¥he¢t
11
Notes fo the )Inancad 5tatsr￿ts
12-21

WATERSIDE COMIAUNrrY FUND
LEGAL AND ADMINISTRATNE INFORMATION
Tntst••8 are èpwnted to ho￿ offte for thTr18rn7 in tn¢k•ts:
an Afvgy
Sean Cuvan
14 Yea￿ from M8y 2023)
14 ygars from May 2023)
14 Yea￿ fr(¥n May 2023)
ChrfslDph¢r Harrlson
<4 ygars from May 2023}
Chrlstlna Jamos
(S y¥ws from October 2022)
Suzanne Elkabèth Kèlbtt
(S yews from June 20231
Dan￿ Poole
(S yew5 from $6ptsmb•r 2021)
Judlth SaKby- M¢e ChfAr IReappcinted 24th Juty 20241 {4 yews from July 20241
JIN Tomln- Chalr
{Reap￿rted 24th July 2024) (5 yeaE5 from July 20241
¢th to th• TP*tchr
t￿rIty number
ngland and Wal••)
255778
7 Dr{M)n￿nd Court
ProsPOCt Place
Hampshke
S045 6HD
Bank•r
HS3C PIC
55 Abovg Bar Streot
ScAAhampton
8014 7DZ
In¥•*tn*nt Mamger Rathbones Investmant Mayrr￿t Limitad
Fiennes HoL￿e
32 SoLbthgat• Str••t
Wincheslor
Harnpshire
S023 9EH
h2èts Audlt ServhxB
Athenla Hou88
1￿14 Andov8¥ Road
Wn¢h86tgr
Hompsh
8023 7BS

WATERSIDE COMMUNif( FUND
DESCRIPTION OF THE CHARrrY AND ITS ORGANISATIONAL 8TRU¢TURE
FOR THE YEAR ENDED 31 WIRCH 2024
Waterside Cofflmunlty Fund was fom8d as a result ol &n aw8rd of *4nd in 1862 ari$￿g from th• kKlosure Acts. Th8
igin81 pur￿￿ ol th8 Fund was to provlde 'Alolments ft¢ Ihg La￿UrIn9 Poor of the P4ri¥h of Dlbdon. was
m8nAgad by th& Over8eerB of Ihg P¢)LY and the Chwch Wardens of the Patsh. In 1894 Ihese Tespon$lb116ks wwe
transfeffed to Dlbdon Paiish CrMJnrAI {L8lèr rèvnwnod Hythg Dibden Parish c￿r￿1) ￿￿eT th8 proviBk)ns of tho
Locgl Government Act d that year.
1994 tho F￿d sdd mcffjt of Its It￿ and r•celvwl a ￿pItal sum in oxcass of £6.125 mllllon. P4Jministr¥tth of the
Fund Is n(pw vasted In rmne TN8lees ¢mnlly a Clerk and Bupport $Wfarn •mpW to assSst ts Tnth6s. In
July 1995 th¢ Ch4rfty Commission approved a new s¢heme as follcA¥s'.
ublgct to payYn•ntof the eX￿nseS of th¥ Charity the T￿￿te8S shall appty th• Inetyn• oflhe Chwity kn rellèvlng elther
g¢neralty or indmdualty petscffi$ resh1ent In th8 Parth of Hythe and DIbd￿ who are in c4Jndrflons of n¢ed. hw¢l$Np or
dlstress by m8klTrJ granls of money cw ￿￿lI¥j orpAWng f(Y itom5, $opAces (y(a￿lItieS ¢akul•t•d kn rad￿ tho no0d,
hordship or distress of su¢h p•rnons,'
If Iho ￿nN>t be appllod as kn8sald, Tnth shal aFvty th• sJm• for any charitat4e puwes for tho
benefft of th? inh•￿.14nts of thg said Parish as tho Twsta•s thbnk fit and rfand In ao far as th? Income eannot be ap￿fjed
for any such choritablfr purpo686 the TN&t￿ shall apply th& samo 5)r ¥imilar PU￿ Ln the Parlshes of Marchwood
and F￿8￿.
rwne of th8 Fund wa6 changod frcwn Dbdgn Allolmerts Dlbd•n Allolmgnts FurKI in aCc(*d•n￿ w6th
special rtrsoluuon of tho trustses passed on 27 January 2010. Tho ofthe Fund w&£ ehw8d 09aln from DlbJeTr
Allotmants Fund to wat￿￿8 Ccmmunlty Fund In ac(x)Tdan¢¢ wlth 8 spdal resolth of th& Trustoe8 paswl on 22
Juno 2022. 6flgctiv• as at 1 Octobor 20rd.
The Tntst¢•s may ply for such Items. Bervicas or facillias by way of th)natiorrJ or subs¢rWrys b institulKJns OT
¢Xganlsation$ whith provido or undertakè h) lo pmYid• such rtems. serv*•s ¢*f￿lItI85 for s￿h perscffi.
Th8 owns allotment knd of approxlmatoly 0.88 a¢xe at Claypitp Lang, Dibd•n whlch until 2003 was
mf4)•g•d on behaw of thè Charity by Hylhg and Dibden Pl￿&h Countal. was valwl ty The Valualon Offi¢•
In Febwary 2003 at £8,000. (Thls flgwe is Ml IndUd￿ In tha ffflAndal statsm•nts}.
The bcty of Trusle48 to compriso at ￿8st 9 eompetsnt persons, In¢￿dIr￿j 5 r￿Minated and 4 ctrcptèd Trust88s. or
lh& nomlnatgd Trustees. 3 Are to be appolnl8d by and Dibden P•rSsh Council. 1 by Marchwcryj Parish Coundl
and I by Fa￿tsY pa[￿h Counul. The Twstees ar• r&sponsibie for Nmlng the Fund 4nd full Trustse& meetings erè
held monthly. In addilion. there Bre fyvo seForat• subcommitteBS of I￿ Trustsos, dealtrw r8s•lvoty vlth ffinan¢e and
p￿ty. These subcommittees m88t as wulTed.
Trustees are introduced to tm 8t8ff; gN8n 8 t￿Jr oftho 0ffl¢9', and provklwl wlh th• Fund's Op?r•lbon$ M•w•l
and Tr Good Trustsos Guide.. They 4r¥ glv•n access to Truste8 Informalltyl) and {￿Id•1￿)es. as wdl as trdnlThJ In
P￿edUr•s at me•tiry,' h•ndling Ftyxslble confiid of thr•st sity•li?ns end pm¢kne8 and safoguards for to
apPlI￿nIS.
Tho Trust••s have delegated reswslbllty for th• i¥Ne8tments lo InV6stm￿l monaggrs Ihoir ropoll ts sot
t on pagè S. Tho Invo$lmnt managoTr are required to ochbve th9 M￿lmuM ncc4n• g)n8iSt8nt kxwJ
t•rm growth of1￿ ¢apit81 valu8 of th8 pe￿a￿nI •nduwm•nt fund by at least Inftallon.
B8cause the Fund does not wty on fvndralslng for Its inL¥)m8. a ryKI res•N•s poliw is rnt corfydfjrad tr) bg a prknrty.
How8ver, Ihe aim of the Twstso$ Is lo ke•p at I￿t 3 rTr)nths' runnlng costs in hand to cover p06s1bl4 varht¥)ns o
I￿Ome fmm thg Inv•stmont pJthfio.
Grants we madè by lh¥ TNsle•$ n a(xordanee thè 1995 s¢hgm• set cljt above subject to wallable fund5
?￿d ￿tIc￿4￿d future In1￿M*. Grwbts ar• mad• lo tx*h irrflividuais and roanlsatkms and dotails are sel In notss 7
r￿d 8 to tho Iln•rKifjl sl•t¢ments.
The Charity commis￿On rnqulrns all l•rg•r CharilTestrJ rnwton the rf$ks to wlwch they are exposed. A o)mpr•h8nsi
Yev￿ of the a¢tlv6los of tM Fund has 1heTrf￿e boen UTrderf8k￿ whlch Cl￿duded that theft of woyrty, fraud and
¢p¢rational Integrlly are the main Fthnll•l rfsks to whith the Fund may bè exposed. The Trustees will eonttrwje k¢ sook
to mitNJate tho5• rfsk$ by a programmè of Sntem&l and fjxtwnal audl rewlng revbw aThl InBwan(*.

WATERSIDE COMMUNITY FUND
STATEMEKf OF TRUSTEEV RESPONSIBILrriES AND PUBLIC BENEFrr
FOR THE YEAR ENDED 31 AIARCH 2024
STATEMENT OF TRUSTEES, RE8POMSI8IUTES
The truBtees are respons1￿8 for prepwirvJ Ihe Tw$tee¥ A￿01 Report and the fin8mckg1 slatwnents in ￿e0￿ance wNh
8p[Ak*b￿laW and UnM8d Kingdom Act￿nting standa￿ts (Un￿￿ Kingdom Gon¢rally Accepted ￿e4]Unt￿¥ Practlcel.
The law appll¢abk to ¢*ariUes In Engla1￿ requlres the tDJstee5 ts) prepare financial statsmonts for •xh financid year
vhl¢h gfve a tru4 and f*view ot the Stale of affalfs of the charty of Sts net Thw)vemw* ol rwJource8 forthat peri£#1.
In 5warir#J these financial statements. the trustees ￿ requirsd to..
al select sultsblè aeeounltng pdSeiès and tsn 8PPty cgnslstsnfjy,
bl observo tho rn￿hOdS arKI principles in the chwilieB SORP 2019 IFRS102),'
cl rrnkejudgements and estimates that ar8 reasor•bbg and tKwl8nt
d) ¥%t*th¢r 8ppll¢ablo a¢¢¥)L￿tIrVJ standards hav• betn f¢41thvod',
•) pr•pore th• flnan¢i•l 5t•loments on th• Oxbcem basis il IB inapprowiats to presume fh•t tho
will continue in OFwaOon.
The trustees are responsibl• for kwirvJ pyrper aecc4mting r8c%Kts ￿[Ch rfis¢lose wlth reasonable aC￿racY at any
tho Ilnon¢i81 posilfjon of the ¢h8rfjty and enable them tr• ensu￿ that the flnBnckl statements CA)mply wlth Ih8
rnquireThnts ofthe Chaities Act 2011 and th8 pro¥islon Tnkst d88d. They we also reSponsIb￿ for safwwdk
assetsofthe charlty and knrtsklng re8son8t4e steps forlhè pmention and delectFon offraud WKI ¢lhorlThegutarthe8.
PUBUC BENEFIT
Und&r the tem$ of th& sdwne q)proved by t￿ Chaiity CornThK551on In July 1995, as set out on 2. the Fund alms
h) Tel￿e conditions of need. hordshp al￿ distress and to SupF¥￿t oth8r char?tablfy in th8 parishes of Hythg
and Dlbden. MarCh%￿0d end Fthey. This aim is trtlieved by makin9 grants to Indi￿dual$ an¢1 to relevant kt81 d￿rit
d othar organlsatlons. 4)plleaticffls aro kwlted Imm such indwlduab and organlsatlons eac* 18
$ldered by th• Tw5tees on 115 mwits.
F￿ancial Obj8cfves for th8 y8ar ar8 set by tha praparalon of an N￿nUal Budget and parknnanco •g4in5t IhBs•
objeebv•s d•tsmiin8d by rnnthly conN)4rlxn of •c1￿1 ¥)com¢ and oxpsndl￿r8 to the budgTrt.
A wmmary of grants ¥pwov¥d in the year is given in notes 7 and 8 to Ihe finawal statements and thls Ineludes the
nèmes ol all or￿n65&tiOnS to wtrieh grants have been made. In addition, the Truste8s' ¥yrt on page 4 give5 furth8r
Infcthiation *b￿rt grnnts m•dg du￿ng the yew.
As ￿9￿red by saction 4 of the CharN6es 2011. thè Tntstees h8ve con81dered the guidance publish•d by th• Chaiity
Commlsslon In r8sp8et of wblle b8nèfit. TW Ih8t the Fund's Olm. a$ $¢t OLrt Bbove. fals vAthin the dofinltth of
th•iitabke Pu￿￿5 ￿ sectm 2 of the ACL Alihough the Fund's activitiBs aro restr￿t￿ under the July 1995 scheme lo
the parthes set rmjt a￿)¥￿, no rnslricah]n$ fjre appl￿ within whth would ex￿￿Se Indlvlduolg frLkn the
opporbjth to benefft.
Truste88 Ibtsnd to protect the Endowmènt F￿)d to that It rètsins It8 value in real tamis. With th1$ eth1*￿1.
thp trustees wish to opuwdso investment irwme aiising from the Inyostmfjnl a￿ls. and to minlmise overhèads.
¢)rdèr tr) eTrsu¥e that the best of the F￿d for those in need will conlinue to be made for I￿ fenseoal￿eflrtWo.

WATERSIDE COPIMUNITY FUND
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
It has been another busy yearfor Watersid• Comm￿nitY Fund. l)Jr imiestmpnt inccthtr. managed by Ratht4mes GT
plc, S￿¥•d a ￿￿jht imprO￿errt on 2023 Iwel vthieh wa6 pleaslng. and our Itwestrngnt portfollo saw slghl gr
to lust ovw £10.S8m. As det8i18d in the Investment Report, whll? tho outlwk has iryyrove(I, it ¢ontinu•s to b8
¢halbnging market. ￿ C￿rity rnmains ￿11-pOs￿0ned hrywever wlh Suffi￿0nt eash deposlts to ojntlnue ￿hle¥l￿d
our 0￿.•ctiVti of making subslanl81 gr&nts to Indivlduals and OTganls8tions in thè thme paMshes ¢ovgred by the charity.
whllst m8kntslnlng o raserve polw of keeplYvJ suffldenl fund$ to cover 3 months admI￿StraIk￿I, inv8slm8nts f885
audrt CQ5ts.
Althugh inflation h85 9)n￿￿ed to trty￿J durng 2024, lh• Ocxmomic oullook sh(MB Imrtad prAenti•l for
inwrovèmènt in the fiJtwe. Duriru thg Y￿r, th• Trustees have focused on restorm￿ th¢ v•lu8 of the portfolio In
real terms overtho Icfi99rtomi and adDPted a str*lew ollaklng afixod rwitNy drawdown amounl leavlng any swpl
inccffie to be rdnv•sted.
Grants to ory8nW*)ns totall6d ovw £80.OC#) duthig tho ywr, &gnificant thvards In¢￿•d £31,000 lo Famili•s Matt•r
ovldlng supp)rt to parents of chlldr•n wth 8ddibonal needs and gave ojntinued support to a school pro1￿1 called
Trleads Up., whore Solenl Mind have been CaFrying ••rfy Intèrv•ntion work over a multi-year with all prfmwy
$chools to help combat anxwty. eM¢)150n￿ dI￿ulbe$ and provKle well￿￿n9 SUPkX)rt. Th8 Charity again conllnutd k)
nd The Handy Trust &rKI F• Parish Council foT thelr youth wrrk Ihroughtxrt the Waterslde area. Smallor grants
wor¢ made to a range of small 1X￿1$8110Ths oidudlng Tho HOney￿t Chiidren'B Chaiity, Solont Roseu• and a numt
of indmduql Br*￿ proA•cts.
The Cost of L6wng cris1$ and th• high 1•¥8ls of UK in118lion duriTrJ the prlod, partiwlarly substsnllol Increases In th&
costs of Ic#xl, housing and ulllrfles have hed a slgifficant impact on the lThJMduals r•ly on thg Charitys 6UPWt.
Th• ong)ing inVas￿n of Uknine by Russla has s8on a fvrth8r Increaso In the numb•r of Ukrnknian refvgees
tsmwary refup w#hin th* W*s#S• fjroa ond ir¢ ne•d of 8upwI.
t*Jrrbg thB ye8r. lndivk1￿k lami1585 In tho Hythe and f*bdgn, Fawley and Marchwoc*J areas Ytho applied to U5 for
tolp, 9[￿ts totalling almosl £141.CW. W• e4Jntinued to supwl t￿ Walernfjdg Foc•Jbank with Tesco w)uchers
distribulo alongside thelr food par¢e18 th1o￿Out1h0 Chrtstmas p￿0d.
Tho gardani￿J stheme conlthu•s lo b& very powlar. The Fund has 163 diént$. vAth around 31% of th•m bebng ov
go years ofage. The cosllo the Fund thts year was ¢£43,000, arvj r8malns an Important 88Th￿l0 the C¢n¥nunlty.
The Fund provk1e(1 lurth8r h8lp to Indbmduals Ihrwh $ho• voucher schome where vouchers ar• issu•d aithw
through tho ¢h•rlty or ttrwh locAI The fvndlng allow8d over400 palrs of 8ho88 tr) be pur¢hasgd at 8 C%6t of
c£12,C￿lo.
amendment ￿the cforftl8 nome to W•lw¥klo comm￿lty Furhl bacamo •ffoolN* fr(Th 1rt Octobor 2Q3, almino
to r8580 general awwoness that the Charity exknts for ALL rn5hJ8nts of the Pari5he5 of HY1￿ f4)d Dibd￿, Fa*l8y and
Wo have had one change in the ¢omposlUcm of tho Trustee body yw, 8 naw Tnjstse has brDught
diff8rent sknlL8 and eW•ne¢. Th• Chanty ￿t)uld Ilke to thank all v¢dunts•r Tlltsta￿ for thetr dbdl¢atbn and tho tEm•
I￿t Itw glve to thè Charfty.
My sincorè thank$ w to the three part￿rne staff who arn tho w•l¢oming aThJ helpfiil Interfac• of thg ¢h8rfty the
public 71th0 ha￿ b mwnlain th8 rec￿d5 and acC￿nts. Thdr advk• and supwttrj TNs1¢o$ h gr•aUy
volwd and our gralrtiKle also go to thts swiport agenc￿9 in the area who actively r•f•r di$nls to us.
Jlll Tomlln
Ch•lroftho Tn*l•••
?l((IL

WATERSIDE COMMUNrrY FIPND
INVESTMENT MANAGERS. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
(knr the lastlhreo years. morhts mobwmnts hm begn dory1￿¢￿￿ by primwydrivers.. (i)th8 rat•
vironrrenl; lil) I¢d￿9￿9￿al Lvwthrough& year been no drffernnL
Ec0￿mb￿1y. it tos been a talo Lrf ￿ hafvos.. th• ftrst h8￿WaS ¢*Jnlnat¥d bycffi¢wns cwfjr trugh iTfflation. lis￿￿j inlwo$1
r8t85 and thefew ￿ a glcthl rec￿￿. the SeC￿d how by o r¥Avn to grThAh, s&ns IhAt(nllEkn waB faUir¥J b8d( asf8st
it d1•kYd￿ ftDm c￿1 th•rYJkng fmm vA*n lo put up Inte￿91 rates to wtwn to artll*nL
haKofthe year, math ￿uTcA￿d end th& soAr +6.63%.
In these¢thd hdfof2tr23. tho UK lolned 8 nurrt>or ofoth8r advawj ec>)nomles that had exwienced 8 s
caued Yecknical roc•s8iJn'_tsvo e£nso¢yJlNa quartars rrf Lxyd￿tir9 GDP. In rrKJst C8s4 wa5 only a margSnal
cnntroethm in Wt swalknn k5 probthy a folMr¢atwJts81kn. (V•hK6t grow1h kn the LK8 sk*%td. it
the excepticfi.I
e's on the tekuns frLYn uKgr￿mment trKnds Igltsl vthlth rnke8 tt*m, In ow opinKffi, a
Idatp￿ty k)wostvrdyof agatslthe rf$k of a selbar* Sn t￿￿'e$ aThS rAher iisknr assfjts as wel as a wftA
way of k)wu4rwJ risk ￿ pytrolos.
The ma￿ethad a tonid stArt totho yearwhil* Infflakn rnmaln*l hw larKI thore1￿e the ofirtstest ratss rf$lrvJ
luthr). Gllt ￿c¢S were In the autLYnn whlth w0v￿ed ¢xc4Uent OFF￿l￿nty to add furth
exposur¥. Owr lh8 (rfthts year, w¢ ad¢Jed £925.rJxi of glts. AB inflation ro I)￿￿ght under ttyrtsol, the
expectation th81 *lll bo kntwest rats tsjts JBte in 2024 c£mknres kn grow. Fixed interest investments lend to
oiity)erf¢mi ￿￿10[¥no￿ aThd. way. ￿ also havo ihe I￿ury of being ab￿ to tt*¢ to redempt
vth15t enioyir4J s* returrts.
W8 would frK¥a that Int•res¢ ¢uts SL¥ne respite k¢the infrastrlK￿re 8ecbJT. Vrtth pyovldad somè ol I
rst p*fom*rn kn thè prfdk). These Invesbnent Intsts ère trading at significarrt di8C￿rnts to thelr rnt sssets vthich
Iyo wll nwrowlm.
rthing kn my sK¢rrfl pdrt 20ZJ124 has also been domlrAted ty afow tethts)Wcatly4cfiwd, fast-wAFYJ gk4
krhml 88 the'magnthnl STh". ty)me as rvJ SUFwkn Ihatlh8 hvo dr8d knvostn￿I9 hgtd from thFS grcyj
(Amazon ènd m￿￿(11) tsyo dlhe best perfoMws in tho ￿￿tfor10. The t•thnc4w domin*d SoJtti6h
ha6 dso had a raum to r4>kl h rK> WJY hel￿d by 10% In IM US 8tod( nthevs dathg.
NVIDiA.
Cokdw, t￿ 86von Inves1m￿￿ rel¥￿nt n&afy 30% ofthe US mwkot ￿d. for Iha fiBt 012023,
contiibut•d to t￿ gairs US 4FKltsx. when N¥JStco￿￿2n￿s ￿re ￿d￿rfOrMIrv. As a resulL unless
dlng an weuhfjryJ to these Seven Inves1￿ {whkh wouhs lak¢r4 ConSd•￿bltr sentim8nt and
rrKMwilum aro wla1￿Y pmrful forc•$- Ixrt (an on 8 dimel, K has been extran￿ diffi￿￿1 forinv•sts
naws tr) Ixl ma￿ttl￿d￿*s.
HIAvever. as Ihe ye8rprogr6858d. rr￿ and nyjre D)mponw L￿n *) F4rtkapalo in mathets. Substantial
ofitgru•th rwnain8d relaiNoty m 8rthJ irttlLWAnaW h8vÈ rwi4Èd d¢)wn ftsre¢a#s fcr 2￿24 forall tMA Ihe Nghest
lty and se¢tor.ltrading ¢ornpan*s. Fkndingthese remairB a cue fo(ws and some ofthè v*itch95
(GlaxoSmltllQlne Into AstraZsr*ca, P•v$4nnwi lrto 8d￿My. for exam*)tsAect Ills
Loohirg forward, vthile ￿ bel￿ tho oulknok fr)r th• gbbal •o)w and c(¥porate profits has br*ht8ngd
s1gnrfK￿ly, the risks ￿venI ¥￿IShed entsety arrfl C4)ns¢4￿S Ihot some stoc* pikes memed *th?￿ of
erg tk* oultt&foT prrfts $ugg¥ts th$y$tr￿j1d b¢. W¢ much mtsro ¢crifi￿Ge than ￿ dkl when we vrte th1&
report last year. a￿] tdieve that gcod Fthns can bo ￿hleYed in the medtum4emi. Hthva¥er, h dc•sn't mean that
b8 enother or￿￿ In thè r￿1 ah￿￿. but the F￿0 Bhwld to WIth￿d these.
TIM BO11￿ Cartv l Gooryln• HanLI
Inwslment Dlr•¢torn

WATERSIDE COMhlUNrrY FUND
INDEPENDENT AUDrroR'S REpoi¥r
TO THE TRUSTEES OF WATER81DE COMMUNrrY FUND
Oplnk
Wo h8v• a￿￿lted the fjnancial stslements of W8leTSKle Communty FuThJ (the'tharitY> fcf the year ended 31 March
2024 ￿1¢h (xjrnwlseth? statsmontoffingndal a￿￿1105. the balance Sh￿1. and tho not8s1o lherman￿￿1 statgments,
inckKling $ignffi¢Ènt accounting FdiciBS. Th? finan¢id rewbng framewtsrk that has b&en applkwl in their preparat￿n
is applic8t4e18w and Utited Klngdom Accounting Standard8. Indudlng FRS 102 The Fin&nc*l Standard
appIr￿￿ts in the UK8nd RgpuNkollro18nd{United KiThJdom G•n8rally Ac(*pt8d *uAKmltng Pra¢*k¢).
In our opinion. the fln&nd81 $tatwn•nts".
&4ve a true and falT Ilgw of the state of th• C￿ri￿s affairs as at 31 Mar¢h 2024 •nd of its i￿OmIng resour
wxl •PF4i¢ation of resoureès. for the yearth•n •nded'.
ha￿ bg8n prowly prepared in •¢COTdanca Unitsd lfjngdom G•n•r811y Acc* AeefAmUng Practtca: and
boon weF￿l¥j in •¢¢ordwtt with the requ*•ments of th• Chariles Act 2011.
Ba81• for oplnlon
We c¢￿U¢l¢d ow a￿111 In 8ccc¥danc8 *lth Int9mAllonal Standards on Audmng (UK) IISAS IUKII and appficable law.
Our r8sFM)nsibditres undw tho$8 stsndards are bJrth•r dèseribgd in the Auditorfs rnspon$ibiliti8s for the audit of the
fingncial st8leThnts Secti￿ cl our report. We are Independent ol th• charty Sn acts)rfan¢& wlth the elhl¢al
Tequlrem8nts that arè rnlw8nt toourauditof the f￿an￿al 5talemonts In th• UK, knthd¥vJ th? FRC'S Ethl¢o18tsndard,
and ￿ fov¥ fulfill8d our other ethkal r•spMsibiliti8s in acccfdanco wlth r¥quirements. We belthe Ihal the
aud￿ evmlenco have obl81￿d Is suthent and approprl•t• to provkle a basis for ow optNon.
Conclu¥lonts rel•tlng to golng concern
In auditKy the financial $t•tsm*nts. wa hav8 conduded that the twstees. useof thegoirwj (x)ncern cl8c¢ounlTrJ
In the ￿epara￿On of thg fin8ndal statements is aprKorxialg.
Based on th• WDrk h￿• perknned. we h￿0 not Idwtrfied any metsrld ￿¢￿trIn￿oS r818Ury to ev8nts
¢>)nd￿ that. Indlvldualty or eoblectNely. may cast ￿gnificant dwbt c￿ the thriVs abilty to ¢on15nug •$ a go
ojncem for a perp)d of at le8$t h¥¥fve months from vrt)en th& fflnancial st&tements #Te 8uY)M"sed issu8.
r respo￿lbIl￿Ios the respJnslbdMlo$ of th8 Irusteas wlth respect to plng ¢orK•m are d8suib￿l in the re]ovant
secticffls of thi$ r¢port.
othw Informatiq>n
The olhgr Information comw$6s th• knfomiation indudod in the trusl•8s' •Mual report. other than the ftngndal
stal?mgnts ¢)ur auditofS rw thereon. Tho trusteas are responsible for the olher Informati￿ conlalned wthn
Ihe annual rem Our OPFthn on tha finantlal statemants thes rK4 ¢oYgr th• Othor infmtion a￿1. except to the
oxtenl otherwise explKftty Sta￿1, wo do not expYes5 Iny fomi of asswan(* thoreon.
Our responslblttyls to road th8otherlnform8lon and, Ind￿n9 so. Con￿deT Wh￿h•r Ihgath•r information i8 materidly
inco￿l$tOnI with the fin￿￿la1 statements or wr knovAedge obtslned In the cours• of thfr or otheNhse appe8r8
be m•lrflally mlsstated. If we identify such m8terlal Incons￿tendes or appor¢nt malgdgl mlsstatements. we are
required to determine wh•lhar lth'$ glves rise to a matsrial missl8tem•nt in Ihe fin•nrAal stst•m•nts thwns8lv8s. If,
based on the work hav8 p8rfr*m8d. we conelude that there Is a m•torio1 ￿￿￿tatement crf Ihls other 4n&¥mthn.
•r8 I￿red to repc*i that faet.
Wg ￿ve nthing kn rnport In thSs Mgard.

WATERSIDE COMMUNITY FUND
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF WATERSIDE COMMUNrrY FUND
IAatterB on vthlch we •re Yequlred to report by •￿PtIOn
W• ho￿ Th)thlng to in respect oflhe fO[kn￿n9 mattars li rn18trcn lovthl¢h tho Charrties (A¢￿￿ And Reports}
Regvlations 2008 wulrn us to repxt kn you If, In our oplnlrth..
th& Inknatlon gfvon In Ihefinanrxl statements is Ir￿r￿ls1Ont1n any n*1￿la1 resp￿t￿ th8 Tw81￿, rnpor¢
sufftenl accounting fac￿S hava not Wn k?pt
th8 finandal slalgmonts are not In 8￿ft￿l ￿th Ihe afxounling r8c(xds and r8￿M$. or
we hBve not received all t￿ knfonnauon arKI explanations we requre for our audit.
R•8pon•lblllll•8 oltru•t•••
As extyalned more fulty in the statem&nt of Irustfjes, r¥$p)nsIb￿1tie5, the trustses ale responsible for th• pr¢parat
of the financial stat•ments and fc* being satIsf￿d Ihat glve a and fairvkw, and for Such Intemal control as
tho INstses determThiè 1$ necessary to ona￿• tho Fryarn￿on of flnane*l slalements Ihot are free from materlal
mIsslatem￿ whether due b fraud or error.
In wep8riNJ the flnan¢￿1 $I4*m￿ts. tho trustees are respon5ibl8 kn assessing the ch8rity'$ abllty to Lxffltmue as o
ng con(*m. disdosirvJ, as fjpplkable. matters related to gtslng wncem and usiro tho golng. concem basis of
a¢¢ounUng unl6s$ the Iwstsgs ether Irthnd tg Ilquld8te tho Charlty or to c4as• cper81ion8. or hav• no ro4￿$11¢
altwnalive tr*JÈ to do so.
Audllots r•sponslbllltle• for th• audt 0llh• flnan¢tal 8tat¢m•nl•
W• hav• b8•n •rpintsd as auditor under section 144 of the CIHrtUes A¢1 2011 WKI rewt kn a¢¢<>rdance th thg
Act relevant re9￿•￿S made or hav￿￿ effoct th•rnundar.
Our obj8ctiV8s ar8 to obtain rnasonablo asGurnn¢• about ￿ther Ihe finanual slatemfjnts as a %thole are free from
matsrfal mkstslement, whelhw due to fraud u error, and to Issue an r•port thJt Sn¢lud8s r¥Jr opinion.
R•asonable asswance Is a hlgh level of assurarth imrt is not a guaTants& that an aud¢t c4nducted In acc#)rdanee wlth
ISAS IUK) will detect a rnatorial misstat•m8nt vthen it èxsts. Misstslwnents Can ari50 from fraud or etTor and
are corisld&rod malwal If, Indivldually or in the aggregate. they oJu(d reasonably be exp•¢t•d to In￿ertt tho
ac%￿oMiC dg¢isK)ns of uws tak•n t)n lh• bask of Ihese financlal staterrtsnts.
A further description of ow responsiblliles is aV￿labl0 on the Flnan¢¢al R•porting C4XmCtI's webs618 at: hty'.11
w•M.fre.org.Ukla￿#iIryWes￿sIbl11ll8$. Thls des¢riptb)n forn)s part dour 8￿rtC¢S rept)rt.
Extent to whl¢h the audlt Was ¢on$ld•r•d ¢•pabh of detKllnq Irregul•rftle•, Includlng fraud
Irregularffjes, I￿￿ldN)9 fr￿tt. arè instsnces of Th)n￿omPli8nea wlthlows and rngulations. We desrgn procadur•s
Ilne wth our reswJn5ibllFiies. abov¥, to ¢Jot•ct material misstatemènts In respect crf Kregularll66s. kn¢1th1ing
Wo obtain and upd¥t• ¢xr Ur￿•[Sta￿lIng ol th8 8nUty, its ￿￿8$, Its c¢ntyol on￿￿￿Ment, and Ilkdy fiJlw8
develcpments, IncludkYJ In relation to the Wl regulatory framework and how the entity is (*)mthrYJ
with that framel￿r￿. Based on thls wdorslandlng, wè Identy an(1 asse88 the r*ks of material misstalamenl of the
financial strtsmfjnts, wh•ther to tra4￿ or design perft>mi audit PTOL¥dur8s responsive kn those r5sks,
•nd oblain a￿rt evid*n￿ Ihat is suffi¢lent and apprOp￿ate to pnvldÈ a besls f￿ ow ¢¥inl¢n. This includes
c&Msld8rallon of the risk of acts by tho ￿tElY that were contr8ry to 8ppIK4ble Lqws and regulath)ns. lThludlng fraud.

WATERSIDE COMMUNITY FUND
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF WATERSIDE COMMUNITY FUND
In responso to Iho rlsk of irregularfti95 oTrJ nortrcomplianee ￿thI•v*s and regU￿10n8. Indudk4 fraud, VR deslon
pr￿lureS wh￿h IncWgd.'
Enq￿ry of r￿ag•m¢￿t and those charged govamar￿artsUnd aclual potentO81 and dalms as
well as actual. suspected and all898d fraud,.
Re¥￿n9 mlnutss of meetiros of those ¢hw9￿1 wth govoman￿.'
Assesslng the extent of c¢)mpllAne4 wlh the laws and consijofod ID a dract mat￿181 effect
the finan￿￿ stst¥rwits or Ihg opeTathon$ of the entty through gnquiry ftnd irwion:
Rev￿n9 financial statement disclosur88 and testing lo Support￿ documentslkn to as￿$ ￿MplIan￿ with
applIcab￿lawS and regulob'ons:
Performing audit work over th8 rfsk of manag•mnt bias and overrido of ts)ntrols. including testing ol loumal
•ntri•s and other adiuslm•nts for appropr6aleno$$, 8voluatiro the buslnoss rationale of sw3n1r￿$nI Ir8nsacllon$
tsid& the ncrfmal LWBe of bl￿1n0$S and rem￿ng a¢c4)untlng ostimatss for IndlcatNs Of￿￿ntial bias.
8ecau59 of th• Inhar•nl limrtthon$ of an t￿re b o rtsk that we not deteet all Irrewlwwos, IndudlrffJ th086
l•ading lo a m8teTlal mbstalemont In the fjnandd stthThnts or rK)nvL))mpllan¢o wrth regulation. Th$ rtsk inLYoas8s
tho more that CoM￿lanCe￿Ih a bworregulati?n is removed frcffl Iho •v•nts a￿1 tran5actlon5 refiectsd th the fmancl81
statsm8nts, as we will be loss likely to become awaro of instance6 of nOn-¢￿FI￿8nce. The risk is 8150 greal?r
regardlng trregularrties occ4Jrring duo to frwd ralhgr than err￿, as fraud wivofves inlontitiml c))n(*almonl, f{￿gery.
)IIu5ion, or nwsrewesents¥on.
of our r•port
Thi5 reFth ts madg $019ty to the ¢harfty's trusto8s, as 8 body, In o¢eonlanc* wlth Part 4 Of ts Charittes {Ac&)unts
and R8Fats} Regulations 2008. Our audltwork h•s b•8n undertaken so Ihol ￿ might state to the ¢har6ty$ Irustges
thtsse matt•rs wa are requred to stats to them in an audltOTS' fgFQrt and for no othar purpos8. To the ftjllgst ext¢nt
F4rmltt•d by law. we do ncl 0￿p1 orassume resp￿S￿l11ty to Bnyorn otherthan tha charity and the charity's tN5t895
b¢yJy, forour •udlt vhirk. for Ihl$ rq)ort, the ¢JpinvTh w? ho￿ forned.
A,1 fj
Jon Noble {Senlor St•tutory Audlt¢r)
f•r and on behall of Az•t4 Audll S•rvlce•
Zl ￿.-L- ZoLr
c￿rter•rt A¢¢ounl&nt•
statutory Auditor
Athenlo Hou$•
10-14 Ar￿0ver R(*d
Wln¢h¢stsr
Hampshi
United lQrydom
S023 78S

WATERSIDE COMMUNITY FUND
8TATEMEKf OF FINANCIAL ACTivmES
FOR THE YEAR ENDED 31 MARCH 2024
Current Financial Year
Total
Fund•
2024
Totsl
Funds
20ZJ
Unrestrlded Regtrlcted Endowm•nl
Fund•
Fund•
Funds
No
Income and •ndowm•nts from:
ChirilatA• ach￿11•$
Inv8sthwnts
16,716
17.306
428,111
17,126
401,595
428,118
Tolal In¢omè
16.716
428,118
418.721
Expondltur• on:
Raising funds
Ch8rllabFe aclivities
36.895
3I89S
300.902
30.174
37,788
440,486
25,542
284.1e6
30.174
16,716
Totsl •xp•ndluM
314.380
18,718
36.895
367,971
503.794
N•t In¢omlnf¥ (￿lU￿n91 ye•ow￿l
313.770
391,223
85,073
Not Ibssosygalns m knv•strnwts
12
252,31)0
252AOO
11,071,380>
Net incon￿￿Pendllur•
313,770
643.srJ
329.753
1.158,4591
Trnnsfgr b9￿n fund8
306.375
(￿5,375)
Net movemtnt In f￿d*
{8,395}
328.148
3J,753
11,156,459)
Totsl funds ￿￿htforWard
219,273
10281,804
10881,077
11,637,536
Tc•tsl fund* earrl•d forw*nl
210878
ID599952
10 810 830
10481077
The notes ￿ page8 12 to 21 form an integr81 part of ltrose ffinarKlal ststements

WATERSIDE COMMUNITY FUND
STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Prlor Flnanclal Year
Tgtal
Total
Fund•
2022
Unre8trlct•d Restrlcted Endowm•nt
Funds
Fund•
Fund•
2023
¢om• and •ndowment• fffj
Charrtoble ￿￿¥1¢105
Ve5t￿nts
16,519
17,126
401,
17.569
397.597
401.595
To141
807
18,519
401,$95
418,721
415.1e8
ExpendlluY• on:
Rabiig fwvjs
37,788
37,786
423.947
25,542
16.519
21,834
449,489
16.519
37,786
604794
403,818
N•1 Incomlryl (outgolwl MS¢)urc•4
448.882
85.073
11.348
Net gaIn51(h)s￿l on in¥gsImt￿ts 12
11.071,38e) 11.071.386)
878,852
N•t In¢omrf(•xp•ndliur•>
448182
07.5
1,15W
8￿.200
Trnnsfw bgtsVo￿ funds
15
494208
{494,208}
Net mowm•nt In funds
45,324
{1201,7831
11,156.469}
690,2CXI
Total funds brought lomatd
173,949
11,483,587
11,037,636
10,947,338
Total fvnd• ¢arrfed forward
10261804
10481077
11637 536
10-

WATERSIDE COMMUNrrY FUND
BALANCE PJHEEr
AS A T31 AIARCH2024
2024
2023
Flxed a8•ets
Tpnglbb 8$86ts
Infan￿￿• ass
1Q
11
12
94.564
88.309
2.360
10.252,756
10,588,936
Totsl fixed assets
10,685.SQ8
10,343,425
Current aBs•ts
D•btoYs
C88h at bank and In harKI
Totsl assots
13
16,828
167.553
184.181
13,836
232,371
248207
Crtdltar¥: ￿oUnts falllng du• wtthln one y•*r 14
58.949
Net curr•nt aM•ts
125,232
137.652
Total as••ts curT•nt11oblllU
10,810.830
10.481.077
Funds
Enduwmont frjnds
Unreslrictad funds
15
15
10.599.952
210.878
10.261,804
219273
15
10 810,830
1D,481.077
Apwovod by the board oftrustees on
and slgnèd on th8ir b•haW by..
T￿￿te8
11

WATERSIDE COMMUNITY FUND
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 MARCH 1024
Px¢ountlng pollcl
1.1 Accountlng conventk)n
Thg linancial ststements have been pr•par•d kn w*ordance wlth tM'Aco)Lmting and Reporting by Chartitios."
StatsM￿t of R•Com￿EThjed Pr&tice appllcoble to charbtses prepan"rrfJ theli a¢counl$ In accc(d8nce wlth the Finanoal
Repxting Stsndard appll¢abl& m thè UK and Republlc of Ireland IFRS 102) (effective 1 January 20191.. The ¢harity is
Publ￿ Benefit Entty as definod by FRS 102.
The fiwndal statèm8nts are prepared In stsrfl￿. Is th8 1)Jnctional currency ollhe ctrwity.
1kn8twy amounts In th88t finat)c181 statements are r￿jnd￿j lo tho rn8f¢St £.
The fnandal statements hav• bgon prepared tho hkknical cost cThnllon. rnodiffiod th8 r•valuation
of listed fft¥6stments atfalr valuo. The prindpal 4ccountSng polidas aW8d are set out beknv.
12 Golnq Conc•m
At the time of 4)prov6ng th& flnandal slatsmants. tho Iru8tses have a reasonaN& expectatv)n th81 th• ¢harfty has
adequats resouTC4S to continue operat￿n81 exlslgrK* for the fcfeseeable fv￿re. Thu$ ts trustees contiTh￿ to
adopt the o)Ing Conf￿ basbs of aiuLmlng In weparlw th8 finandal statwn6nts.
1.3 Ineomlng r•8￿1¢
Recognltlon ol In¢onlng resource8
Thesè are Indudgd In the Statement of Flnandal Actmllgs (SDFAI vth￿.
. Ihe ¢h8rity beC￿meS entitltrj to th• rnsiyJrc&s:
. the Iruslees are virtualty ctrtaln th&y wlll r8e4lve Iho resources.. and
* the rrvJnetsry valut can be n￿asUred with sufficipnl r•l￿bIlIty.
In¢om• from Charithble •etl¥lll
Inco￿ from the suppty ot $¢N6¢0$ from tharltablg 18 upon daliw oftha ￿￿acted
sérvi￿.
Inv••tmont Incom•
Interest re¢dvable ig incl￿9&4 In accounts when rgcoNable. IncDrng from UK and Ovwseas li5t8d
lnve51rn￿ts is rteoqnisod Its rxdDt is probabl? and th¢ r￿Nable can be measuKed r¥li•blv.
1.4 Exp•ndllure
¢￿emen￿ L%6ts Include costs of preparation of ststtrtory accounts 8nd guditorfs fee. tho u>sl$ oftrustse
meellros, the cost of ￿Y l•yS ad¥le¢ to Ivu8tees on go￿•￿ ty constliub.onal matters. and o sharg of other
support e08ts.
Support ¢osls are allctthed to Of bgknn actNity Cost catego￿ on a basls pJnsiBtent with the
U6e of re50urees, Induding Staff costs by tlme spent %there costs afg inujrrwj for rrv)rn ac*￿.
l exwdrtwo is aC(￿Inted for on an aeuiwls basts and ha5 tjeen dassth•d und•r h•adings that aggregate all costs
r•lated to Ihe t*tÈg)ry. Éxpenditwt ra re¢ognlswJ vthorg there is a I￿￿1 or ¢on$tru¢tivè obligation to make payrr*nts
to third parties. it 1$ probabl& that th8 settlement w￿[ b? r•quired, ond the anJ)mt cf the obligath)n can ￿ ma8surnd
rgllably. Any irrKov¢r8ble elemnl of VAT Is In￿￿ed with ttom of oxp8ns8 lo wh￿h it rokntos. All dlr•ct and
indTeL* costs are atlrlbutod to tho areas to whlth b•by.
12-

WATERSIDE COMMUNITY FUND
NOTES TO THE FINW4CL4L STATEIAENTS {CONTI4UED
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng polkim (C(￿tinued)
1.5 Ch*r4table funds
Unrestricted funds aro availab[• for at th• thsu*lon olth? in lUrtha[￿ of thetr ¢harltab
obJ¢ctt¥Es.
Restiica•d f￿d$ sPec￿C crAdlIFO￿ by donws as to th•y may be us•d. Tho purposes
uses of the restrrcknl furttls 8rn S•t out in tho note¥ to the financial stat￿nents.
Errflowment 8re lo speufic eondilions by donors that the ￿pItal rnusl bo maintaln•d by thB d￿rty.
1.6 T#nglbl• Ilx•d •••el¥
Tangll)le fixed assets ère knmlally r￿asured •t ¢o$t and sub$8quenty mSLThI at CO8( rnl of dep￿￿atiOn a￿1
any lrnpalrrr*nl thses.
Depredallon is recognlsed to ￿ off the cost or valuat￿n of 4$8•ts1•ss tholr ￿sidual vAIu8s u¥eful
lives on th8 foWng basls:
It8seMd buildirg
Ollke equyment
Strai9hl Iln¢ over tho lervJlh of the lease
Strdghl lthe 0￿1 S yea
1.7 Intanglbl• flx•d *86et•
InlaThJible assets ar8 r¥¢ognis•d at ￿$1 and art subBoquently rne8sured al ￿StIo$S 4c¢umulaled aM￿￿SAtIon
arKI accum￿stad imp•lmwnt l>w$.
An￿￿ttonIg reeegnIs￿ so as to writ• aff th• cost C¥ V41uAlion of assets less their residugl valu¢$ over th8lr
useful li￿5 on t￿ follt)vAng bases:
Stralght Ilrn over 10 ye8r8
1.8 hwe•trr
Fjxed asset inv8strnÉnts aro m¢asurod at transactK*n prfce eX￿dIr￿j Iransaction costs. and aro
subsequenlly moasur8d at falr value at each rèw>rtlng dat¢. Ch￿g6* in fair value ore tecognO8ed In net
comBllexpendlhJrel for tho year. Tra￿9¢110n costs are a$ inr￿T￿.
1.9 Ca•h and ca•h oqulvahrts
Cash and cash equNabnts Include Cash In hartd. and hlghly liquid bank Cash hekl in deposll a¢c¢unts
wSlh a malurtty of mor& Ihan 90 days hdd for investment purposes rather than to meat short4eFm Cash
omrrdtments a5 thfjyfall dug arg Indud¥d In ¢wrent asset investments.
1.10 Flnanclal In•trum•nts
The charity ha6 elected to at¢Jly tho pn)vlsion$ of Soctkn 11 'Ba￿e Flnendal l)$trum8nts' ar#J Secllon 12'0U
Fknanchl In$trum•nts Issues. of FRS 102 kn all its financial i￿1￿m0n￿.
Financial irffjtrurr*nts are r8¢ogn15&d In th• ¢hadt￿$ balm sheet when the clwty becomes poty to tho
¢cntractual Fyovisions of tho Instrum￿1.
Fin￿1￿1 8SS•ts arnl16abi11tios aro offset. wah the n8t amounts prgsenlod In th• Ilnencral statem8nts, when t￿
Is a legally errt￿C0ab18 right to S81 off the rèeognised ank)unts and there is an intsnlton to setlle cm a net basTrs or
trj realise the ess&t and s•ltle th& liabith.ty sinwJt8neously.
13-

WATERSIDE COMMUNIIY FUND
NOTES TO ThE FINANCIAL STATEMENTS ICOPfflNUED)
FOR THE TrEAR ENDED 31 hl4RCH 2024
AGGountiw poll¢b•• (contlnued)
1.10 Fknan¢l•l In•truments {conilnued)
B•sl¢ Ihwnelal auets
Bas1¢ flnancial assets. whteh indudo debtors and Cash and bonk bthnees. are inttlally rmasured at transaclion
price including transaction costs and are su￿quentIY carrfod al arTrJrtis•d Cost u$ing the effeclive intsTe5t m
unkws the arrangement cons1￿leS a ffinan￿ng transactlon, vthore Ihe transa¢bc￿ is measured at the present vak
of the future recglpls discounted at a market rate of kntefest. Financial ossets classified as Teceivabl¢ within on•
year are not am￿￿88d.
Bulc flnanctal Ilabllttl•4
B8sic financL81 Ilabl￿tIO$, including crsdttors and bank loans are initialty r•¢¢smi88d at trans&clion pd¢o (mlsss lh•
arrangement eonslliutos a fin8ncA tr4nsac*on, whorfr the debt in5tNm•nt Ss mèasur8d al the presonl v8lu¢ of thè
ftsbjre paymonts dlsc*Junled at a marttel rate of Interest. Finan¢i81 liabilities d8Ssrf￿d as payabl• within one year are
Debt Instryw￿nts are subsequently wied at arnrrffjséd co8( U￿n9 the eff•Cl￿ int•rtst rate met1￿)d.
Trade (¥edilors ar• obligat1￿S to p4y for or sa￿1c*S Ihel hèvt b••n acquired In the ordIn￿Y courne of
opernllcn$ from suppliern. Anh)unts payabl8 are class￿ed as ¢uryent Il&bllllles ff pa￿ent is du• wlthin ono ￿8[ t
I￿. 11 rnl, tsy ore wesentsd ￿ non-cUff￿1 liabil#J'•s.
Der•wltlon ol flnanelal Il*bllltl•s
Financial Il•blliti•s are derets>anlsed wt*n tharitys fAxtr￿[ obllggtk)ns eypwe or are dlschty or
canr*I￿.
1.11 T•xatlon
A5 ? r•gl$tèr*J charity the Fund b¢nèfits from rates rellef and Is g•n6Talty exempl from Ino)mg Tax and CO￿1
Gain$ T￿, but notfnxn VAT. Ilw￿ra￿e VAT ts indudod kn th• cost of those itwns to lthlch * relates.
1.12 R•tlr•n*nt benefit• ind tern)Inallon p*yments
PBJyments to defined ¢onm￿￿On rth"Tement bonefft Ithernes, and torTrlnation payments, w• ch8ryd a6 an
expense as It*v f811 du
Leq41 Fomi and OttKr InfomiAtlon
Watsrside commun￿ Fund is a charity irwtèd In EWaTrJ and Wales. tt 1$ a pU￿1C benefit entty.
Charttable a¢tlvlU•s
2024
2023
ClayF4ts A1lotm￿ts
G4rdenlng Re¢olpts
607
16,519
16,716
17.126
14-

WATERSIDE COMMUNITY FUND
NOTES TO THE FWANCIAL STATEMENTS {CONTINUED
FOR THE YEAR ENDED 31 AIARCM 2024
4 In￿tments
2024
Ineom• from1S$tod invesknor
Int8r8st r8tsivBbl•
424.914
3,204
.938
2.657
428 118
Exp•ndlluY* on Fund•
Inveslm8nl man8yment c¢sts
37.786
6 EXpendI￿re on Charltablo Actl%rftle•
Gardonlng BcheTh
k+tsMnt costs
ants ￿y&￿19- Indlvlduelg
Grants payable- orpnisatK￿S
Support Costs
1,909
141,502
84.041
89,887
181.656
195.044
59.159
440.486
7 0r*nts payabl•- Indlvldu•l
2024
Number
115
163
2023
Nunkner
121
Generel
GardonlTrJ
Shoe
77,173
52,147
12,242
105.ST8
518
15,552
686
141562
805

WATERSIDE COMMUNITY FUN
NOTES TO THE FINW4CIPL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2024
8 (Irants payabl&. oryanlaatlon•
20U
2023
a) schooh1coll•￿rMchO0lO
Hyllle Prim8ry School
wildgW￿ThI Junior Schc
Rèpaymant of grant 185uod In prior year
New Forest Ae&48my IAcademi95 EnIor￿ls• TnNI}
ord￿rd Jun￿ S¢hool
Infants School
Cadlend Prfmwy Sthool
6.500
1.030
{3.7651
2,0(KJ
2,100
1,978
17.S20
27
bl Youth
Fawley Parlsh COU￿11
Handy Trust
10,655
18.395
3207
34.CQO
29,OSO
37207
¢) Cthnmunlty
Fawby Rugby CILtt>
Families Matl•r
Th• Crossings
Hythe United ReftKrn Chur
Fawl8y Parish C4>uncil
Vardmwd Commwity Centre
Totton Timber
East Bcldre Communty- Ne* Fc*est Homas for UkJalne
MarchvK¥)d MenS Shed
Waterside Fi*)dbank
Fawby Evgrrts
Sol&nl Mlnd
Watsrsldo B0￿Ing Club
tSeaS¢
Hon8yFoI Children* Chadty
O•khaven Hosptce Trust
Wats￿1de Gateway Club
Hylhe & DiL¥Jon Cricket Club
Hythe 2000 charitab￿ Trust
W•lersid& Christmas Nre ErvJlng
50.000
25,000
10,000
9,900
5,r))O
5.CKJO
3,826
2.￿)3
1,140
I,￿0
600
31,LMXI
1,198
500
I38,l￿oI
5,000
4,500
2.8T9
2.500
1.350
1,0
753
H•mFd¥r• C4wnty Councll
150
d) M•dlc•l w•ffare
HART (Hampshiro R￿￿aticffi and Th•rnpyl
Co¥ld Support
803
1.803
Tot•1 gr•nt• pay•ble to org4nl*adon•
16-

WATERSIDE COMMUNITY FUND
NOTES TO THE FINANCIAL STATEMENTS (COIMPIUED)
FOR THE YEILR ENDED 31 AIARCH 2024
Other expendliure
Other expendllure ojnslsts of Management and AdmlnlstraU¢)n ¢osts whl¢h aro allocatsd aq follows..
2024
2023
Supwt (y)sts
<*>wmanc* oJsi8
89,887
30.174
59.159
25.542
100,061
84.701
Man4g•menl afKI Administratm￿ Costs C{￿1$t of..
Ront rates and utlllUes
Stsff costs Isoe bgbwl
P05tago and ststionary
Conyut?r malntenanc* and 8UKVIrt
Ttsloph)no
Pubticity costs
Sundry expensss
Rgpair5 and mainl•nancè
Inswar
AtyJltors' remLThrallon
Ro¢Nitmnt
D&pr￿a￿￿ and IOM ￿ disposal of fixed assets
Bank chofy•s
Travel
S•mnarIcc￿lSo
3.799
61289
49,258
2,199
9,820
1,798
631
10.394
1,463
1,930
159
1,016
1.542
11,640
1.357
1,505
11200
1,867
238
478
1,974
fJ9
429
(1251
Stsff LThts ￿Mplis•'.
Salaiie6
D•finod Contributions Pensl
55,717
S.572
44,780
4.478
61
89
49
Thè Fund had 3 (2023.. 3) emF4oyees during the year. equival•nt to 1.S {2023'. 1.5) full tim8 OrryAo￿Os.
No •rroloyo9$ rocelved tmduments of than £00,000.
Nonè ofthe trustèos h•v¢ p8ld any rerNner815on or r8celved any other bgrnfits 8n *An￿OYM￿t
vrith t￿ charity. No tru$l•• •xp•n$?$ have teen incurred in th8 y8ar.
17-

WATERSIDE COMMUNITY FUND
NOTES TO THE FIN￿CIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2024
10 TangilA# Flx•d AMet4
Leasehold
Pryrty
Offi¢e
equlpment
Total
At 1 hpr612023
AddibL¥
Disposols
Al 31 March 2024
Depreclallon:
At 1 h4)rll 2023
Charge for Ihe year
DIsF*)sals
At 31 Mf*eh 2024
110.060
23,447
7.860
134497
7,860
110,050
25.079
135,129
21150
110
23,038
1.495
45,188
1.605
6.228
40.585
Net Book V￿U0.
At 31 March 2024
87.790
At 31 March 20rJ
11 Intawlble Flx•d A8•ets
Total
Cost:
At 1 AFrfiI 2023
Addllons
Dlsp)sals
At 31 March 2024
Amortlutlon:
At 1 Awil 2023
Charge for the yoar
Dlsp¢)sals
At 31 Marth 2024
2,022
262
262
282
N•t Book Val￿.
At 31 March 2024
2,098
2.098
At 31 March 2023
2,380
18-

WATERSIDE COMMUNrrY FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR ThIE YEAR ENDED 31 PAARCH 2024
12 In¥e8tments
2024
2023
10.234,228
354,708
10,174.473
76283
Cash and 69tUements pendlng hèjd as part of lh8 IrNeslment porwio
10
52 756
M•rket V*lu•:
Brought fO￿a
Alditbns al g)St
DL8PO$81 proceeds
Urmlis•d g￿n$ l (lo$s•$)
Net ￿$h
10252,7S8
2,082.321)
12,274,874}
252,300
276 424
10 588 938
11.324,142
1.288,215
(1,286,373)
(1,071.388)
1.842
52 758
10
2024
2023
D•btorn du• In l•s• than on• y•ar.
Acuued incomo
PrepaymeFrts
01￿¥ debt￿ and d•FQ5its
12,667
771
711
3,070
13 836
14 Cr•dllors". 4fftounts falllry du• wlthln one y￿r
Acuuals
68,949
108.555
19-

WATERSIDE COMMUNITY FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 IAARCH 2024
15 Fund•
Tot41
Fun
Fund•
F￿d
At 1 Awll 2022
Net incoming I loulgoing} ro$oW￿ for thè year
Transl¥rs r￿d5
Net Inv•stThnl gains and l(>ss•s
173.949
(448,8821
494,208
11.463,587
363.809
I494,￿)
11,071,386)
11,637,536
(85,073)
11,071,386}
Al 31 2023
219,2n
10 201,804
10481077
At 1 April 2023
N•1 iicoming I loutgokngi resour￿ for the yéar
Transfws beh¥ogn fttnds
Nel Investment glbins and losse8
219.273
1313.TTOI
305.375
10.281.804
391.223
{306,376)
252.3CfJ
10,481.OTI
252,300
At 31 MBrch 2024
210878
10 599 95
10810830
Unr•strf¢t•d Re•¢rl¢t•d Endowm•nt
F￿d
Fund•
F￿d
Tt)tal
Funds
RoP￿￿nI*￿ by:
Tangible and inte41albl8 flxgd assets
FLx•d assèt inveslments
Net current a8$0ts
9Q862
IONB,930
125.232
10.588,936
11.016
114.216
Tho Endownwt Fund r8prosents tho ¢4prtAI reeefftd by th& Fund In 1994 when it 801d nYAt of rt$ Ignd, os
(l￿￿￿ed In the Descriptkn Oltr￿ frusts of the (*arity and Its Orgonlsaiional StrLKknr8 on pag• 2.
transfer of E305.375 the entJ)wment Iimd •Thl unreBtrktsd fijnd rdal85 lo thè release of roalised
inv¢$lmgnt incoTh to ￿l•StrI¢l9d ￿￿. of investment managemonl fee5. It also rwnbses the net transf•1 of
cash furth to he InVes￿nI f￿d m th& Y￿r.
Th& Rostrthd Fund [w￿nts In¢LTh frcrfn the pro￿10￿ of alk)tments and ￿rd*ning sep4ic*s. The ￿CesS
costs of providing thèsè strrwAs ts St￿ in unrestrictod 8xpgndllur•.
18 Tr￿t•￿￿' Romun•rntlon and R￿at•d Pxty DI•¢1￿￿
No rorThJnerntton was payable. or oul of ￿k•( •xp8nso& rdmbursfrd, to any of the Trustetss kn the yeer (2023 -
Trnn•Aetlons wlth rel*trd p•rtl•*
Durfng th& year the charity enlered into thg fdkmwig lrnnsa¢tKTh wilh Trlaled wt"•s'.
2024
2023
Grants award•d to entllles vAlh ￿mmon tru$toeB
18,395
18.395
-20-

WATERSIDE COMMUNITY FUND
NOTES TO THE FINANCIAL STATEMEPn (copinNUEDI
FOR THE YEAR ENDED 31 AL4RCH 2024
17 Commitments 4nd contlngent14bilitie•
C*ratlng IèA4
As at 31 Merch 2024 the Fund h8d aml ￿MIt￿l￿ undor Th0n￿a￿lIab￿ operaOng leases as fOlkn￿..
2024
Oporthg lea5•s wrtllfb one
C*eratsng tre￿8 ￿thh tsyo ar￿ five years
21-