Charlty R•gl*allon No. 265m (England and Walm) WATERSIDE COMMUNITY FUND ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 WATERSIDE COMMUNITY FUND CONTENTS Lagal and adrninistralw infrymation Description oflhe chaiity and its or9aThsaUonal stnjclure Slaternent of tru8198$' respon￿￿lthS Public benefit Tru¥tges' rewl Investment manag6r8' repart Indy8nd8nt audltsrf8 report Slatsmenl of Ilnancia activib'os 9-10 Balan￿ sheet 11 Notes lo the slaterronls 12-21 WATERSIDE COMMUNrrY FUND LEGAL AND ADMINISTrATIVE INFORMATION Tru*tso• Trustees we app)inted lo office fortr￿ tem shtr*n In bTackats.' Alan Afvay Sgan Cullen Sandra Delem¥e Chiislopher Harrison Christina Jam8s- Chair Suzanne Kdlett Daniel Poole Judith Saxby- Vlce Chalr Jlll Tomlln-chalr 14 years from May 2023) (4 years from M8y 2023) 14 ye¥s from May 2023} 14 years from May 20231 (Chw from 23 ju￿ 2025) 15 years Irom Octobef 2022} {5 years from June 20231 {5 years from September 20211 (4 years from July 20241 {Res•Jned 23 July 2025) (Apwnted 23 Juty 2025) 15 y8aTS July 2025) Chrk to th• Tru•t••• Adrtan Thatthfjr Ch•rfty nufflJ•r IEngl•nd and W•lMI 255778 Addr•••,' 7 Chumrnond CrJJrt Prosp0￿ PloCO Hytho Hampshlr• S045 6HD eank•r HSBC PIC 55 AbJv6 Bar Str•ot Southampton S014 7DZ InvMtm•nt M•nag•r Rathb￿&S In¥•6tsnenl M¥wm8nt Llrnibj Fienne$ House 32 Southgale Slmt nch•$ler Hampshire S023 9EH Audltor Azets Audit SeTrk•s Third Floor, GOI￿9Y H￿ja• Tc4gale Chandlers Ford Hamp¥hirg S053 3TG WATERSIDE COMMUNITY FUND DESCRIPTION OF THE CHARrrY AND ITS ORGANISATIONAL STRUCTURE FOR THE YEAR ENDED 31 MARCH 2025 Waterside Communty Fund was fornied as a resurt of an awarf of land in 1862 arising from th& In¢losure Acts. The orv3inal purpose of the Fund was to provide 'Allotments for the Labouring PO￿ of the Parish of Dibden, and was managed by the (￿erSeerS ol th• P￿r and the Church Wardens of the Parish. In 1894 thesè règponsibiliiies were transfer￿ lo Dibden Parish Coundl Ilakr f￿￿m￿j Hythe and D*Jden Parish Ccwnc411 under the wovi$ions of th• Local Govemment Acl of that year. In 1994 the Fvnd sokl most of its land and feed¥￿ a cawial s￿1 M) 0xc￿5 of £8.125 milfjorL Admini8tralion of the Fund is now vg$t•d in nine Twslees and currentty a dark and ￿0 SUFPJrt staff a￿ employ8d to a5815t the Trust￿. In J[￿Y 1995 Iho Charity ComrnissK)n approvèd a new 5c*we as follcws.. 'Sublgd to payment ol the exp8nses of the Chanty th& Trustees shall apply the income of the Charity In ￿lieVIng elth8r generalty or individualty persons reSid￿t In the Parish of HYt￿ aThJ Dibden who are in condrtions tsf no&d, hardship or dlslres8 by making grants ofrnoney or yovith'ryJ orpayirwJ for It•ms. sgThices tsrfacllttlos ¢olwlaled to reduce th• noed, hardship or dl6tr&ss of $LKh person$.. If tho income cannot be applied as aloT8said. th& Trustees shdl appty Ihe same for any ch8rit•bk* purFQSO8 for the benefit of the inhabitants ol the said Parish as Ihe Trust&&$ Ihlnk fft and rfand In so for as th8 income cannot bo appli8d for any such chanta￿8 purp08e8 Trustfje8 SI￿￿ th? 8￿• for ￿Milar purFX)us in th• Parishes of Marchwood and Fa￿e￿. Th• name of tho Fund w$s from Dibjon hjlthwls Charity to Dibdon AllotTrtht8 Fund kn accordan￿ wlth spe¢ial r¥solution ol the trustees pa$s8d on 27 January 2010. The rwne of thè Fund w8$ changed again from DiLyJen Allotments Fund to Watersid8 Communtty Fund in accordanc• whh a 8pec4al re%Jlution oftha Tru51805 passed on 22 June 2022, effecti￿ as at 1 Odober 2023. The Truste•s may p•y for 8u¢h It￿$, ser4ryces or lacwtles by way of dona1k￿S or Sub￿pIlonS to instttution• or organisallon8 whlckn prwde or Lrthtska In Tthim lo prtr¥ide it￿3, $8rblcth or f4dlth'•5 for 8u¢h per80ns. The Fund own$ allotmgnt land of appioximalely 0.68 ac¥e al Claywts Lana, Dibden whi¢h until October 2003 was managed on behatl ol the Charlty by Hythe and Dibden Parish Councll. This land wa8 valued by Th• Valuatson Officé In February 2003 al £8,000. {Thi$ figure is not inthjded In tho financial S￿*￿￿nIs), The body of Trustees 1$ Io (wipri88 atleast 9 competent pernms. induding 5 nomlnated 4 cw)tsd Trttslees. Of th8 nominated Truglees, 3 are to ba appolnt•d by Hythe and Dibd•n Parlsh Coun(yl, I by Marchwood Parish Councl and 1 by Fawley Parish Coundl. The Trustees arg responsible for wnning th• Fund and frjll Tru$l••s' meetings are held monthly. In additi"on, Ih¥r& ar• tsvo separate Sthrthrr￿tr08S olthè Trusteos, d0alw￿ rè6p&Xivoly ¥￿th financa and Fdlry. These sukornmrtieè8 meet as roquirod. N¢w TTuslees are introduced lo the stalTr. gfven a tour ol the offlc*'. and FYOVKled WTth Ihe Fund's OperatKJns Manu and "The Good Trustses Guide.. Th8y are givtn a￿e$S to Truste8 lnlorniab.on and Guidelines. a¥ well as tralnin9 In pro¢èdure$ at m•etlng5', handling PO8$IL4e of intwe8t sl1ual￿3 WKI Pr￿edUreS ond saftyuard8 for vl8it8 to 8pplicants. The Trustees have deleg8ted respon￿bil￿ for Funrts kn￿Stments to inve8lfflwl rnanapws and their roport Is Bet out on paJ8 S. The investment managers are required to a¢h￿e the maximum annual income consiglent wmh long tèrn growth of thg capital vth• of the wmlanent endowment IL¢nd by at kasl infiatsoll. Because Ihe Fvnd does not rdy on fundraising fof ts income. a rigid rese￿￿ r¥Jicy Is not ¢on$ldered lo ba a priority. Howover, the aim of the Trusteès is to keep at lea8t 3 monlhs. running In hand to r¥)ver possiblg variations on come frcffi the in¥astment portloloo. Granls aro made by th• Twstees in acccrfthnca vthh the 1995 scheme 8el out abovt and subjad to available funds arKI antiapated luture income. Qknt5 are made lo both indNldua15 and ory•nr*ab'ons and details are set out in noles 7 arKI 8 to thè financial statemont$. The Charty c(YnMl8¥l￿ requires am Iwggr Charlues to repJrt on tho rtsks to whh* they are •xposed. A cornprehenslve rgview of the activities of the Fund has thw*fore been undertaken which conduded that Iheft of property. fraud and operational integrity are the rnain potential risks lo whith the Fund may be exp0$9d. The Trust￿ wll continue 10 seok lo mtyle thew risks by a programmo of intemal and ext•mal audit, rep)rting #nd r•view pr￿edureS antl Insurance. WATERSIDE COMMUNrrY FUND STATEMENf OF TRUSTEES. RESPONSIBILMES AND PUBLIC BENEFIT FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES. R&8PONSIBILrtEs The trustees arg rgsp)nsible for preparir¥J the TNstees Annual R¢Fn$ saw slight growth in the overall value of our invg$tment portlolio to £10.7m. 8wd8ncang Ihat the financk41 en￿r0￿meThI Continues to prove challengino. Tha Charity rernains welkposilioned however lo continue achiewng our objeclNe of making substsntial grants lo individuals and organlsats.ons in the three ￿nsh&S COV&￿ by the L*arity, whilst Mainl￿nIrvj 5uffic4enl cash déposits in r&sgNe to cover 3 nKJnlhs •dmiNstralKJn. inve5tmeni fees wdit costs. Ajlhough 1nfl8b.on has continL￿d to trend downward during 2024r2025. it r8main5 above the BOE target and thè gconornicoullook shows limit8d potential lorimprovement in the nearfjJture. During the year, tho Truglees have focused on restoring the value of th& porffolio in ièms over the kn7gef tern and conbnued lh• strategy of tsking a fixod monthly drawdown *nowrt. I￿n0 any surplus income to ￿ rwn¥e¥tfjd. Grants lo organi8athon$ totalled over £144.rxo during th& year. Significant awards induded £77.S10 to Famili98 Mottgr {payable over three years) pmiding support lo paronts of children with addilional needs and £18,000 lo the HaTrdy Tru8t who work with ¥￿￿eratIe and disadvantaged young p8opIg. Small8r grants were made lo a of small organi3ation3 induding The H¢)neypot CINldrw's Charfty. Wat8rsld8 Foodbank, and o£21,8CQ 8plbl a number of in(*brydual $c*b)Jl proie(*s. The continuing Co81 of L￿n9 crisis 8nd the high levels of UK Inftalbn duriTha the porw)d, parucularfy the subslanlial increa8es In the cost ol food, housing and utilhle8 have had a $ignifi¢ant impad on tha Individuals who rely on th harTty'$ 8upport. Also, tha Ong￿ng Inv85ion of Ukfaing by Russia ha8 880n a dgmond for support of Ukfalnlan refvgg•8 finding temptsr￿ refvge within th8 WatersKlo area. During the year, indlvlduals Hnd famili￿ in the Hythè and D￿den. Fo*ley and Mafcfrrtood 8r•as who OFvlied lo us for holp, iecelved g&ngral grants totdling akrK)81 £50.LXKI. Th8 gardening scheme continues lo ba ￿ powkr. A8 at th• yoar end. th• FurKI had 0￿r 160 di•nt8. with afound 31% of Ihem being over 90 years of age. The net cost to tho Fund this year increased ov&r18St year al c.£49.000 and romain$ an important seN¢e to the Comrnunlty. The FWHI PTo¥ld&d fvrthar h81p to Indthduals through our Shoe vouchaf heme where VOLKh8rs aro Issued eith8r through the charity or thrwh local sthools. The fvnth'ng allowed c.380 pair¥ ol shoès lo be purchased 418 cost of c.£10,9W. Thero hav& bw no thanges in the ¢wiposition of th• Trustse body durin9 the ymr and we would Ik• to thank all volunteer Trustoe8 fof Iheir dedication and the bme thgt Ihey give to tho Charfty. L￿r 8lrKere thanks aso go lo t￿ pa￿tiffte 81aff who arn the wdojmlng and W>fvl interface ol thè cha￿ty wNh the public ond who have cOn￿nUed to maintsin tho records and accwnts. Thwr advice 8nd support lo the Trus18es is gre￿Y valued. Ow gratitude rnuyt also o) to the support agende8 kn tho area oth¥8ty rtfer clenl8 to us. c s Tol z61,,ILs Chrl•tln• J•m•• Chalr ol thè Tru8ts08 {appointed 23 Juty 2025) WATERSIDE COMMUNrrY FUND INvESTmE￿r MANAGERS. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The past year 88 Cèrtdrty bèen an IntéTèSttNJ cth forffinanraal fflarkets wilh.al b'me h￿ahs. a¢kMeved in a variety oldifferent areas, but also an IncrgasiThJ nLmbw of Inv8slors. Th& r*ytldK) produced a retLrn of 3.79% (net offeesl against the ARC Chaiity Stsaty index, relymgd 2.71%. Tho yearslart8(I wfth SI￿40$h global grrmth. wlh the exwlion olthe US ￿ wl** ￿￿tinUed to F*fomi strongty. us ￿em￿oYment was r￿r rpLord kN45, and ccfflsumer spenthng and t￿nesS invtrstrnent buoyant. In trast, China o)ninued to thggi8 vAth the oftts red esme nwkeL we* ¢xJnsumef ¢onfiderTh and h unemFloymgrt. Cbser to hom&, th8 U( economy r&>Mred faster ihan expeded. gklia markets wgro soarin9. wlth ree4Jftl market h￿h5 bolh in the US and LK, dri¥8n. in thè main. by Str￿ èamiTh3s grrmlh. Aft•r years. raising int8rast r*$ lo control irfflgtion. the wJrtd8 major ¢xntr4 banks stsrt•d lo rev•r8• the cyde.. w8 8thf IhB US arKI EU wl rales by 1% over thts ci>utse ol the year. and UK Trtes red￿ed by 0.75%. tr%￿eT. lh8 redUdiO￿ slow&J as ¢￿traI bank6 grapp￿d with Ihe fne balance ofsknulatirrfJ gfV14th bw5U5 keeFing nfiation uTrJ8r C￿ntrol. As Inllatlon f8ars slwtad to subsbd8, pc4bcs bagan to dofftnat•.' 2024 was on• of lh& bgge5t election years In hls with mor&than haHof tho wLNIJ'8 powlalhx Wng lo the ￿. In Ihg UK Juty Saw a laThd5kde electKJn wh by Koli St&rmerand the Lat#yJr party, and all eyes were thelrffir5t Budg81 at Iho olO¢tob8r. Wthin th18, wg saw £40 t41ion oftax rises cujpknj with r￿nped up t%)rr￿lIr￿j in ordor to bjost sp6TrJing on puL4ic Sem￿. A¢TO$8 tho p)ThJ, ￿ $84¥ ProokJ¥nt 81d•n drop •lxlknn fa￿, •t)J Oordd TnJny'8 8ubserw•n¢ vKtory tiiumphant retum to th8 ¥Mile H¢)uso. Ffc¥n the oulset. hè ind￿a￿j F*olttbori6t measures, a geminè ttrrfèal lo ntemab.onal trade. Des￿te thls, the mwket Inltialty hiy rettwn a￿1. wilh le￿Or rJJnlinuing to (hjrninato. th8 US fflarkot $urg8d fiJrth8r lo r8c4)rd Truo to forn. TNmp'8 fir81 ads were tr) knFose 2￿￿ larffh on CNna and 25% duoes on thl WKI alunkdum. 80th China and Eurcpo ret8l*d, and inve9torJ begai lo wwh up lh6 0)sts (iK*th th• •¢c￿OrniC uncértainty as a res￿1 of the ladff8, and Ihe consequentkgl fear of Yfflatron). the US market fell sorne eo)nomists woming that tariffB C￿ld push lh8 US towwds r8cM￿ClI. The UK mfdket lared botter, ￿ vAlh ¢crfKwn8 Ihal th8 to wnF4oyw National cmlribu￿ons and mininwn w￿8 in Aprl ￿v9h on tvAneJs05. More gknw, trad• risl(s IrN•81or 8enb.ment and Cerfra Bank fDreca6ts. Trwnp #Iso st)und￿ 4 wak• ￿ (xll to Ewop•: that thry n88d to t*• curtrd ofthlr deknd themse￿3 rniltsrity, ￿thOut rthno cfi US 8upm TNS W lo EU annouThStvJ tts T¢eam F4an'. E￿M)ou$ fuThls ère bein9 ¢￿ated for wrnamenl spending ij u￿.rnatety Po￿.¥8 for in Europe. Gokl surgad, enth'nB the year at all lime tygh- thven by geop)IrtKal tensions and inleresl rate cuts. Seen as a safe Iwven, rt was a gcod renMnder vthy It IB I[Tytsru￿ltO hav• sorn• 7hittth lh• pJtAIlK>. Wlhln the P￿tf￿10. we h8V8 made ￿ cftswes lo the lth*l oflncxthe and add some more prth￿h orientsted rNeslments. Th? pjrtfolio slkl comfortaity xhkry¥e5 the £3￿,0Tr) ir￿c￿￿ rwHTemen( a mov8 to a tolal rthjm approaL* ha5 meant that we have been able to increase the gkjba eknwnl ¥￿t￿.n the kb)rtfolb and r•duce exposure lo soma oftho underpwfornNng s￿. suth as Infrastr￿ ￿ raa •slat* in¥osbnwM In￿￿, UMI tiwjibonalty havg had hlalw ￿eldS ats¢hgd. Athlitiom tothe pothlio have irK*yJed.. 8AE Sy5tem5 and Bl**JrMlt EurDpoan Inm ffijnd to glw axposurn to incrtased European delence spend.. Stthvart Aski Pa(yfic Leaders siws of inv0￿Man¢ wlerKe wlhin th& Chinese oc4Jnomy by a 10 tslkon yuan to bo15tsr the oc(¥K>nryl'. Impax Erm￿fi￿nt8l Mad(ets k) gain exposurg to Cr￿1￿ afeas such a$ dean gnergy, w*r andwaste KAulh>75'. aThJ I￿￿$tm￿ts as Berkshlre Hott)away. AllratKe Wrtw and th• Glob4 Dmdond bJnd. Locknng foNrnrd. shrfling rt￿toriC and wttrtanty ovwtsriffs may mean that markets TAI contnuo to be unsellled. Finar￿1 mathet5 hate urThrtainty: so unwWjKL￿e F4Jl* MONBS may to un￿1Ve investors. Togetherwlh evclving ge0pc1th￿ risks, in%eslor5 fac• a fast4*angng b￿lop. H(NMver, Ihe gh)b4 oc¢nony 0)nti￿e5 to grvw, and corpjrale profits rernain stroiw. The Watershle CommL#Mty mantans a wdl d￿e￿fied porlfclio whth, w8 b*¥rn, is wol Foslkn8d lo wo¥KIg br4 twm ofLKth wital ond inoyne *Athlst*wlhering any ￿p3 in thg road. Ge0￿ina Hand Rathbones WATERSIDE COMMUNrrY FUND INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WATERSIDE COMMUNITY FUND Oplnlon We have audited the financ41 statements of WateNde Community Fund lthe 'charrty'l for the yaar ended 31 Marth 2025 vthich comprkse thg siat8menl offin8nd•l %tiviti8s. Ihe balarKe she•t. and the rK*le51o the financial statements, induding signfficanl a¢counting policies. The finanual reporting framewort Ih81 has been applied in Ih8ir praparalion is applieat4e and United ￿.￿J10M Accwntir& stat￿rd$. indudiThJ FRS 102 Th• linancial Reporting Slandanl eppli¢aWe in thg UKand Rgpublic of Imland (Untted lfjngdom Generally Accepled Accounting Practice). In our opinlon. the finanrAd statements.. give a true and far wow of the state of lh• ehanils affairs 89 at 31 March 2025 arNI of Its Incomlng r9jour￿$ and app1katIG￿ of resources. for the year then ended.. have bow prcyerfy prnpared in acts)rdan￿ with Unit&J Kingdom GeneT8ly AttW•d Acc•)untlng Pr*kno.' and have been pr•p¥ed In actordwce with the féquifoments ofthe Charilies Acl 2011. Ba•b• lor oplnlon We conductod Our oudll in awdance with Inl8matk)nal Slandards on Auditing (UK) (ISAS (UK)) and applicabl•18W. Our responsibilities und&r Ihose stsndards we further d•scn"b8d in the Audiloes responsitmlitlès for the a￿1￿1 of th& financi81 statements section of rgport. Wo are Independent ol the charity In accofdgnGe with the elhi¢al rèqulrements lh* are relevant lo our audrt ofthe ffinanc4al slalemnts In the UK, induding th• FRC'S Ethi￿1 Stsndard. and we hav& lumlled our other ethical responsi￿.11￿.es in accordance with th•sa requlrements. W• b8118ve that Ihe audrt 9￿denC0 we hav6 obt¥*)ed is 8uffld8nt and appropii•te to pro￿ a basis fof our ￿￿niOn. onGlwlon• t•kntlng to qolng conG•rn In 8udithrrfJ the financial statements, we have cor￿￿Je￿ Ihal thg trustees. use ofth• going concom basls olaccounllr4 In the praparatlon of the financial slalements is apprtjpriatè. Based on th8 work w• hav• pwlmed, we have not Identified any m8tfjrlal uncertalnties r•lallng to evgnts or condrtions that, indi￿￿yO1￿ or collgCtNety. may ¢a$l significanl doubt on the Charity's ability lo continue 8$ a going COn￿M for a per￿ of al least hffjlve month8 from WI￿ the financial ￿81￿ments ar• aLthorised for i88Ue. I)JT re8pongSbllltth and the rOsp￿sIbIl￿8 of tho Iru¥lfj8s wilh ￿K￿¢t to golng ¢￿¢0M are do$¢rSbed in th& rn18vant 8oclSons of this report. Olh•r Inforniavon The olher inlornwlion ajfflwiso5 the inlorm•Oon Inc*Aed in the InAt888' annual report. oth•r than the financl 8lat8menls and our auditorfs rowt Ihereon. Th• trustees arè r68ponslble for tha othèr infomwuon contsinod wthin the annual report. Oui Onion on the finawal 8tatsmerrfs does not Cover the other information and, ex￿p1 lo th• exiont otherwise 8xpIKiUy slated, we do not express any form of as8uranc• concluslon th•rec+n. r r8$rvan8tblllty Is lo read Iha other inlomallon and. In dwg so, ¢>xtsKlerwh&th9r the otherinlum)alion Is matsrlally Inconsistent with the financial stalem¢nts ￿ our ￿n￿￿edge obtalned in the of the audrt, or other*I8e appear8 to h materlalty mi55tated. 11 we identify such matèrfal incon$istencies or apparent m81erial missLilements, we are required lo d8temiine whethèr thls gives rise to a material misslatement in the financaal statamants thomselves. If, based on the work wg have porformed. we c*Jn¢ludo that Ihere is a material misstatamonl of this other information. we a￿ required lo reporl that facL We hw¢ nolhiThJ to repGrt in this regard. WATERSIDE COMMUNrrY FUND INDEPENDENT AUDITOR'S REPORT {coi¥llNUED} TO THE TRUSTEES OF WATERSIDE COMMUNITY FUND hIatt￿ on whkh wg •rn r•qutrgd to r•port ty 9XC•Ptlon We havg nothlng to report In resp8Ct ofthe fdlowlng matter¥ kn relation towthith Ihe Charltb95 {A￿nIS And Report81 Rggul*ion$ 2￿8 requir¥ us to rfjport lo you if. in tyjr O￿nIon.. the infomiation given in the firt￿￿31 stslements is ￿K￿$1Stent in any Ma￿laIr¢SpoC1￿th the Trustees, report; suff￿ant accounting records have Ml been kept Ihe financA81 ¥tstem&nts are not in agreement wilh the accojnting records and retums", or we have Tr)1 receivod al th¥ infomiation and &XFAanations we require for our audiL R••pon•lbllltl•8 ottr￿1￿$ As explain&d MO￿ fully in the staternent of trustees. responsibllties, the tIU8iees are resF4Jnsibl8 for the pr8pai4tion ol the financial stal8rnenls and fcff b￿ng Satisf￿ that Ihay giva a truo and fair for suth inlemal control as th& trusloos dotemiing 1$ ￿CeSsary to enable the propar*'on of financ4al statem¢nls that arg froè from material m138t8temènt, whether due to frwd or error. ln preparin9 the financjal statements, the twstees are responsible for 88s68siro thè thanty's a￿.Ity to continue as ? going con¢&m. disclo￿ng. as applicable. matter8 r8lat8d to g￿n9 C4Jnc*m and uwng the going concern b88is of a¢counUng unl￿8 th• tru$t••s •ith•r Int•nd lo Ilquklale tr• th•rity or Io co8se op￿￿On8, or have no realisllc emalive but to do 80. Audltorf• r•ipon•lblllll•• for th• •udll of th• fin•ncl•l •l•t•m•nts We hgve been apFdnted as audilor urKl•r seciion 144 01 th¢ Chadl88 Act 2011 and rfjport in accudance with tho Act and rel•vart r•gLlallon8 mad• or h￿n9 •ff•ct blwwnd•r. Our objoctives are to obtain rea30n8ble ¥ssuran¢o #boul whethor the finartial statements as a wholo ore free from material rnisslalemerrt, whether due lo fraud or eThor. and lo 18we an *Jditsfs rep(xt Ihal includes our oplnlon. Reasonabl• assuranc• Is a Ngh 18vd ofassuranca but is not a guarantèe that an audit conduct•d in aeeordance with ISA8 (UK) wlll a￿ayS delecl a mgt8Mal mi88ts1gment wthgn it 9￿$ts. Mi$sl818m•nts w 8rf89 from fr￿d or error and arè considered rnalerial rf, ir¥Jiyidualty or in the oggregate, Ih&y u)uhJ reaSona￿Y bts expected lo Influancé thé ecorKHnic de¢i8ions of users taken on the b8818 of statements. A further description of our rnsponsibdilMs 1$ avala￿8 on thè Finanual Ropoflng Coundl's web8il• at.. https'.11 W￿.fre.$￿9.uhjaudlIC￿reSPon￿b￿"tteS. Thls de8cJlpb"on fm part of our auditorfs report. Ext•nt to whlch tho •utit ¢on•ld•rnd c•p•bl• of d•l•¢ttng Irr•gularltl••, Includlng fraud lfffjgulariti•s, including fraud. are inslances ol no￿￿0m￿lanCe with and regu￿￿ns. We dasign procedu￿5 I1￿ wlth our r08pc￿8lbl1UoS, Outllned abo¥e. to d818ct material mi8Staternonts In Tosp8Ct of Irrogularltses, Including fraud. We obtsin and update our understanding ol the enlity, a¢*Nitses. Is contrc4 enbironmvnL and Ilkely fuDJr developments, Including in r818t￿n to th8 legal and wulatory frame4vork applicatAe and how the entty Is comF4ylng vAth that fram8w0￿. Based on this undgrstanding, ￿ idontity and assess the risks of matèrial misststernenl of the financial statements, wh•th•r du• to fraud or error, desyn and porfom) aL*lit pro¢odur¥s resp)nsive to those risks, and obta'n 8udlt ￿ld•ne• that 19 $uThdenl and aN)ropriate lo provide a basis for our opbnion. Thi5 includes consideration ol the risk ol a(ts by the entity that were to apF41cab￿ laws t￿1 r8gulalions, indudlng fraud. WATERSIDE COMMUNrrY FUND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WATERSIDE COMMUNITY FUND In rosponso 10 thg risk of irregularities and nOrFcoMplia￿e wilh Ith¥s •KI wulati¢)n$. 1Th￿￿dir￿j tra￿1. we deslgned procedure8 which ilKI￿.. Enquiry of managemonl and those charged wth ￿)¥•manCe around aGtug1 and wtenti•l lItigat￿ 8nd cEairrn as wall as actu￿, suspected and alleged fraud,. Reviewing mlnLrtes ol meeb.ngs of tho$e charged wllh govemanca: A$$essing the extent of compllaw the laws aThJ rogulallons ¢rytsid8red to have a diract material &ffoGI on the flnancial slat8ments or the opera1]￿¥ of th& entty through enquiry 8nd Inspeclion.. RevIe￿n9 finanaal statement disclosures and testxig to 5uppNb'nq dot>Jn¢ntslion to ass89$ ¢omF41ance whh pplicable law$ and regulation3'. Performing audit work over the risk of management bias and ovefride of contfols. Induding testing of journal gntries and other adjustsnents for approprialenes8, evalualing bu%ne¥¥ rationale of slgnfficant transactions oul$lde thg rhyrnal course ol businw and r8Yhwlng acc￿ling oslimales for indtstorn of polentlal bla$. B8¢ou$e of th• inheTent lirnitalion8 of ￿ aLNllI. thern is a rfBk th81 wo ￿11 rK)I dg10Ct all Irrggularitio5, Indudkng tho leading lo a mal&rial mlsstalgment in the firbancia $tal8ment8 or non-com￿lan￿ with r•gulation. This risk IncreaS8B the mor8 that complian¢•￿th a I￿ or rog￿atIOn15 removed from the events and transacuons refig¢tgd in the ffinancial Statements. as w6 wlll bè le89 likely to become awaty of Inslances ol nori-cornpliance. The risk is also gr8al8r regardlng Irr9gulgriti'e5 Ofalfring du• to fraud raltw lh￿ onor. a$ fraud in¥c4ves int8ntional ujncealment. fu9¢ry. collysiorÈ, omission 01 misr8wesenlalion. U•• of our r•port This report 18 mad6 sololy lo the (*arTty's Iru$tee$, as a body, in ac&)rfance wllh Part 4 of the Chariti88 (Alxounts and Reports) Regulations 2C#J8. Our au¢*l wot* has b••n undertaken 80 Ihal wtr M￿h1 slalo 10 thg charitys truste85 those matters wo ar& fequSred to $tat8 to them in an audrfors, raport and lor no other purpose. To the fullest oxtenl permittgd by law, we do not arxepl or 8$sume respon￿bIlIty lo anyone other than Ihe charity and the tharfty's trustee$ As a body. for our autht work, for IhL8 report. or for Ihe opinions we havo fLvmod. £NILQ Jon Nobl• IS•nlor Statutory Audit￿) IDr and on boh•lf of ￿•18 Audit S•r¥lc•• SD L2oaS Ch•rtoY•d Ac¢ountsnt• Statutory Audllor Third Fkor, Golewgy House Tcllgale Chandlers Ford Hampshir Unrted S053 3TG WATERSIDE COMMUNITY FUND STATEMENT OF FINANCIAL ACTIVITIES FOR fHE YEAR ENDED 31 MARCH 2025 Current Fln•nclal Year Totsl Fund 2025 Total Fund8 2024 Unrn•trkt•d R•striGt•d Endowm•nt Fun FuNh FundB InMm• and •ndwmonts fff(xn: Charrt8blo a¢t¢vi1Sè8 Inveslmgnts 415 21.737 22,162 368.686 17,306 428,118 Totsl In¢omo 415 21,n7 388.685 390,837 446.424 E¥p•ndlturn on: Raising funds Ctriathablo actMlle$ GO￿￿4nce c08ts 37.920 37.920 341.739 27,783 36.895 300,902 30,174 320,002 27.785 21,737 Totsl •xp•ndlluv• 347.787 21.737 37,920 407A44 367,971 N•t In¢omSnql {outgoln9) r•*Ou￿ 347.372 330.765 Net Oo$•esyg4lni on invobbM¢nts 12 79,417 79h17 282,300 N•t In¢OmWl•xp•nd￿rn 347.372 410,182 62,810 329.763 Transftrr bÈtsYeen lund$ 16 303.219 (303.219) N•tfflov•m•nt In lund• (44,153) 1Lkl.983 62.810 32•.763 Totsl fund8 brought forwa 210,878 10.599.952 111.010,830 10J81,077 Totsl fund• cirri•d lorwlrd 10706915 10 873 640 10 810 830 The noles on pages 1210 21 fom) an inlogral part of these financid statements WATERSIDE COMMUNITY FUND STATEMENT OF FINANCIAL ACTMllES {COPrnNUED) FOR THE YEAR ENDED 31 MARCH 2025 Prlor Flnanclal Yoar Total Fundg 2024 Totsl Funds 2023 Unr•#trkt•d R•¥trl¢tod Endowment Funds Funds Fun Income •nd •ndowments fronK' Charftable actmties Investments 16.716 17,306 428.118 17,128 401.595 428,118 Totsl 16.716 428,118 44S,424 418,721 Exp•ndltyr• on: Ral8ing lund$ charitab￿ activib" G0￿Mar￿ costs 36.895 36,895 300,902 30,174 37.786 440,466 25.542 284,186 30,174 16.716 TotAI 314,380 16,716 36.895 367,971 503.794 N•1 In¢ornlngl loutgolngl resourc•• 313,770 391.223 77,453 85,073 Ngt gain81008608) on Inve¥lmwts 12 252.3 262,300 (1.071.386) N•t In¢om•ll•xp•ndltur•) 313.770 643.523 1,156.459 Tfansfor belwgon funds 305.375 1305,375) N•t mov•m•nt In fund• {8,3951 338,148 329,763 (1,156,459) Total fvnds brwhl fcrna 219,273 10.261.804 10A81.077 11,637,536 Totsl funds urrl•d fomrd 210 878 10599952 10 810 8311 10481077 10- WATERSIDE COMMUNITY FUND BALANCE SHEET AS A T 31 MARCH 2025 2025 2024 Fix•d ••*•t• Tangli4e assèl8 Intangible asuts Inv8stments 10 11 96.216 94,584 2.098 10,588.936 12 10.699.976 Totsl fLy8d assets 10.798.028 10,685.598 GuTh•nt awt• Deblors CAsh al bank and In hand Totsl currert a66els 13 13.950 176.026 189.976 16.828 167,553 184.181 Cr•dltor•: amounts falllng du• wlthln on• y•v 14 P4•t curr•nt ••s•t• 125.232 Totsl u••t• l•u curr•nt ltsblllll 10.873,640 10 810 830 Fundi Endowment lund8 UnMJtrlctod funds lo,7￿,915 1e8.725 10,599,952 210.878 10873640 10810830 Approved by tees +Jn and ¢)n Ihèlr behalf by.. Twstse 11 WATERSIDE COMMUNITY FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2025 A¢¢ountlng poli¢[•• 1.1 ￿COUnting conv•ntlon The finanTh81 slalements have been PTep8red In 8cLx)rdance wlh the"Accountlng and RapNbng by Charlilie5'. Stalemnl of Recommendtd Pracuce ap￿1¢8￿18 to tharit￿S weparirKJ th&ir aw)unts in accordance with the Financial Reporting Standard appllcat4e in the UK ond R8wblic of Ireland IFRS 102) {offectNe 1 JarIU￿ 20191.. Th• ¢harity is Public Benofil Entity as definwj by FRS 102. The flnandal slalgments are prepared in sledin9, which is the functional ¢urrenGy ofthfr charty. Monetary amounts in these financial statements arg rounded lo the nearest £. The financial stalemonls have been prepared under the hlstorfcal convention. modified lo Indude the revaluats'on of listed inveslments at lair wdlue. The pri1￿ip￿ att￿nting pol￿e3 gdopted are #el out below. 12 G¢lng Conc•rn At the time of appro￿n9 the financ4al staterne￿. th• trustses ha¥e 8 roa8onobl8 expectation that Ihg chorty ha8 adequate re8ource8 to ¢onlinue in operational exislencg for the forg38eable luiur¢. Thus th8 trusleo9 Gontlnuo to #dopt the golw ryJrK•m basis of acctyJnliNJ m wwwlrvj ts financaal Statem￿¢$. 1.3 In¢omlng rMourc•• R•cognltlon ol Incomlng rn•our¢ These are Induded in th• Stslemenl ol FinarKlal AclNlllo8 {SoFA) whèn.. be¢)Jm85 enlided to tho f¢sourcos; the Irust8gB are Virtually ¢•tsin Ihgy ¥￿11 rec41￿ the resoffts., •rKI • Ihg monetary y￿u# Can bg mgasured wrfh suffirAenl reliabi&"ty. Incom• Irorn Charltablo *¢lfvltl Income from Ihe BUWY of Se￿1c&S from 8cli¥ititis is recognlMd upon of tho c¢ntracted sorvi￿. Inv••lm•nt Sncom Inlwe$l r8ceivable 18 induded In the accounts whon receNable. Income from VK and O¥*rsea8 Il$ted invastments IS Tecognis•d when ils receipt is probable ¥TrJ the arr￿n1 re￿Nable can bo me•sur•d rallably. 1A Exp•ndlbJr• G0veMan￿ costs include ￿$ts ol the prygtion of st*utory ac¢thJnts and audbtorf$ fee, the costs of tru8leo me¢tirvJs, the cost of any legal athrfce lo trustees on ￿¥eMan¢• c* const1￿¢10n9l matters, and a Jjhare of other •uppc¥t costs. Supp)rt cos18 are allocated to or apFQrtioned betwggn actmty ￿st categories on a basss conslslgnl wllh th• use of resour￿$. induding staff costs by Ilm& spent, where costs *• in¢urf8d for mora than one activity. All expenditure is accounted for ￿ an aruuals ba515 and has bean dasslfigd und8T headings that aggregalg all eosls related lo the cawory. Expenditur8 is recognised whére th8fe is a18gal or constructive obligation to mak8 paym8nls lo third paite8. It 18 probable that Ihe setdernenl Mll be r8quired. and the amount of th¢ obligation can be measured reliably. Any irrecwrable element olVAT 1$ indud8d wilh the iteffl of expens& to which it relates. Atl direct and Indlrecl costs grg attributed to the areas lo whlth they belong. 12- WATERSIDE COMMUNITY FUND NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED FOR THE YEAR ENDED 31 AIARCH 2025 A¢¢ounllng wdlclos l¢ontlnu•d) 1.5 Chadtabk fundg Unrestricted funds are available for use at th8 discretion of the tllL81e￿ in fvrtharanc¢ ofthdr charltab objectives. Resthcted lunds ao subpct to spectfic condltions by donors 88 to they may be used. The purposes and uses ofthe restrleAed funds are set out in the notes lo the fin8nci81 statemwts. EndowTnont fund$ wg ¥ubJ'eGt to spgryfic cmditlons by donors th8t th• wlal Irn￿t bo makntalned by tho charfty. 1.6 Tanglbl• fixèd Tanglble fixed 888e18 ar• Inltldty measur&Y at cost and 8ubgequ8ndy mea8W8d at cost. nat of depreciètk¢n and any Impalmenl k)$sos. Depfociation Is T8cognl8od to wtho off tho Cost of waluakn d assgts188s Ihgir rgsidual valu•• 0￿r thèlr usdul ves on the Idlrwing ba518'. Long leasfjhold bjihjing Office equiprnenl Stralghl 0￿r Wh of th& leas• Straight li￿ over 5 years 1.7 Intsn4lbl• Ilx•d *•••ts Intangible assets are re￿nised èt ¢￿t and •re m&Ats￿d at Colt Iw ar￿m[lated amortl8atlon and 4c￿JM￿1Od 1ryairnenl108￿. Amortl3allon is [g￿n[sOd so 8$ to wfft• off th• cosl or ￿luatIon of o•¥9ts tholr re8laual valuè8 over their ￿￿lu1 Iivg¥ on Ihg fdlowing ba¥es'. Intanglt48 a88•t8 SWhl lin• 0￿r 10 yw8 1.8 Invutnwnts FIx8d asset investmenls aro In￿alty m8asur8d at tran5aclon prfce exduding transaciion costs, and are subsequondy m8asured al fair valu8 al èach rèpoiting datè. Chang09 in fair value are Tecognisgd in nel IrKomel(expendrturel for Ihe yw. Tr¥nwlion cos1$ are ¥$ *i¢uTh•d. 1.9 Ca•h *nd c*#h •qulv*l•nts Cash and ¢ash equivalents indude ¢ash In hand. and hryhty IK4uid bank a¢￿unts. C•sh hold In deposit a￿￿nts wrfh a matunty ol Ihan 90 days ￿ld f￿ in￿$1m￿nt purposes rglhw Ihan to short-temi cash cornmhments as they fall due afe indud8d in current a35et inveslments. 1.10 Flnancl*l In8trum•nts The ¢harlty has g18ct8¢J to the wovfisknn8 of S•clbn 11 '8•sl¢ FlnarvJal Irotruments, and S•ctlon 12'0th8r Financial Instrwnerts Issues. of FRS 102 to al it$ fin8n(xal I￿rnents. FinanrAal instrwnents aro re¢>Jgnised in thè thaiills balance sheet when Iho d￿rity becofflo$ party lo Ihg contraclual P￿$1￿8 ofthe instrum￿L FinanrAal assets and liabilthes are offset. wrfh the nel amounts presented in the fmancial slalgmgnts, whèn th8rn is a legal￿ enforceable right lo set off the Teco3nised ar￿Unts and there is an intention to settle on a nel basis or lo realise th• asset and setlle the lialy.lty 5imultsneou$ly. 13- WATERSIDE COMMUNITY FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlnq poll¢l•• lcontlnuodl 1.10 Fln•n¢l•l Instrunpnt8 {GonlSnu•d) Basic financial •*8•ts Basic finan￿al a55et5, which I￿lUde debtors and Cash and bank balan¢e¥, iniiially mea$urgd at transaction price including tran9acllon costs and are subsequenuy carfod at amortised cost using tho •ff8ctive intoresl methcrfl unKryss lh8 arr8noem8nt constitutes a finanong transadon. whero the transaction 1$ m8asur8d al th8 present value of the lutur8 receipls disco￿16{1 al a martgl rats of Interest. Financial assats dasslfied as receivable within on& year not amortised. 84•lc flnan¢l41 Ilabllltj 8asic financlal liabilitios, indudlng uedilors and bank loans are initialty r•co9ni8&J at piice unloss th• arrangement ccrf16titLrtes a ffinandng transactw)n, wh&re the debt inslwmwl is rneasured at Ihe presonl Value of thè fLrtur• payThents discoun1￿ at o mathfjt ral• of inieresl. F¥)aNal liability'es dassthed as Payab￿ wilhkn one year are nol amortised. oobl In8trumenls are subsaquenlty c•rriod at amcxtised cost. uwrvj the effecth Intoresl rate method. Trade croditors a￿ obligations to pay for g¢oJ$ or swwces that hav& been aGquSrod in the ordSnary course of cperalions from sup￿lerS. Amounts payabbe are dasslfjed as ujrrenl liabilities rf payment is du¥ wilhln one year or ss. If not, Ihay are pre8entod as rwurrènt labllllO•s. D•r•coqThltlon of flMn¢lal li•blllll•• Finandal Ilabllitle8 are dere¢ognksed Wh￿ th# dffj8 COntrx￿ obfyations explro or are dl8chwg•d or Gan¢01￿. 1.11 T*xatlon As a regS81gr9d thgrity the Fund benefits from rat89 rellef and is generalty oxgnwl frorn Incomè Tax and Capltal Galn8 Tax, but not from VAT. Ir￿co¥¥13b1& VAT Is W￿Uded in the o)8t of those Kem$ lo whl¢h il r8lalè8. 1.12 R•tir•m•nt b•n•fft• •nd tsmiln•tlon paym•nts Payrnenls lo defined contribution Tetsrement benefft and termin*"on Paym￿ts. are Ghgrggd as 4n oxpense as IPrty foll due Loyl Form and Oth•1 Infornwtlon Walersido COMM￿lty Funtl is a tharity in Engl￿d and Wal•s. ft is a publlc benefit entrty. Charltsbl• •ctivltl•8 2025 2024 Claypits Allobments Gafd8nlng Receipts 415 21.n7 16,716 22,152 17,306 14- WATERSIDE COMMUNITY FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 4 Inveslments 2025 2024 Incom8 from listed investments Intgro$1 recgNat 385,466 3,219 424.914 3.204 428 118 S Expondi￿re on Rii•ing Fund• Investrn•nt managom8nt costs 37,920 36.895 37,920 36.895 8 Exp•ndltsJv• on Charftabl• A¢tMO Gardenlng ad￿rn Allotment CO816 Grant$ payablo- Grants pay¥bl¥- wJari$alions Support costs 3,851 3,503 1,909 141,562 64,041 09,887 129.525 144.209 84.354 300.9)2 7 Grants ￿yabh- Snthldual• 2025 Mumb•r 71 183 385 2024 Numlmr 115 183 G8n•r81 Ggrdenlng Shoe proieci 46,188 70,384 10,953 T7,173 52,147 12,242 619 129,525 141,582 15- WATERSIDE COMMUNITY FUND NOTES TO THE FINANCIAL STATEMENTS ICONTINUEO) FOR THE YEAR ENDED 31 AIARCH 2025 Grnnts pay￿b￿- oryanl••tlo 2025 2024 al 8choolslColl•goglPr••chool• CadLqnd Primary School New Forest Academy (Acade￿5 Errte￿8@ Tn￿t) Orth8rd Junior School Manor Irrfanls Schc Wildground Junior Sc Watsfsld& Primary SCIK Grgenwood School Applomore c￿1￿8 11.500 17,620 4,(￿0 3,200 1.976 500 4.7 3.800 1,052 750 bl Youth Fa￿aY Parish Coundl Handy Trust 10.655 18,395 18.000 18,lJOO 29,050 ¢1 Community Famllie$ Mattor Fw41ey Parish Coundl Watsr￿de Bowling Club Hyth• Soa Scouts Honeypot Children's Charity Oakhaven Hosp1￿ Tru$l Waterside Foodb¥nk Walersth Gateway Cbjb MarctA¥ood Cofflmunity c￿￿? Hythe & Obdon CrKket Club H￿h8 2CQO CharIta￿e TN8t Walersidè Chrbstmas Fir• Éngir Fawley Events Solenl Re$0 Hanpshlffj County Coundl Fawley Play Group WI CM)munlty H￿1 Walorsldg YoLrth SteeriNJ GroL Solenl MITr 77.510 31,000 9,395 5,000 4.500 2.679 2.51 5,897 3,9)0 1.350 1.(MJO 9.500 753 500 500 150 500 3,1))O 2.C(JO 136,LM)) 104.407 27.694 Total grnnts piyabh lo oryanI￿tiOn 4042 16- WATERSIDE COMMUNrrY FUND NOTES TO THE FINA14CIAL STATEMEKfs (CONTINUED FOR THE YEAR EIIDED 31 AIARCH 2025 Other oxpendlturn Other expenditure ¢>Jnststs of Ma)ag8ment and Admlrlstr8Uon cx)sts whkh 8re allocated as fdlow8'. 2026 2024 Support Wdls Governance costs 64.354 27.785 69.887 30.174 92,139 100 061 Managernent and AdTThlli5trat￿Y￿ costs c*Mist ofr. Rent ral&s and uiilities Siaff CAJSts {see below) Postage and stsllonery Computer mainten4nc• and support Telephone Publlcity cost8 Sundry exper￿8¥ Ropairs ond mwntenan¢ In8urarKe Auditors, rerwnefalion Recnjllment D•preciaJon arKI on diJpos81 of ffixod a580ts Bank charge8 Travol SemlnarlCour8e 3,874 56.050 2,886 9,857 1,568 55 73 1.371 1.605 12.285 3,799 61,269 10,394 1,463 1.930 159 1.015 1.542 881 1,887 238 478 1.978 287 472 Staff cos18 ￿MPA$0' Salarigs Defined CMlributlon8 Pon8lc 55.717 S,S72 Th¢ Fund had 312024.. 3> empbyeos dudrvj the year, ewiwdlenl to 1.512024.. 1.5) f￿1 b'me •mpbyeei. No ernployges r8wv8d •mdum8nts of more than £80.r￿. None of the trustee5 have been paid ary remuneralion u I￿[¥¢￿ any olhgr beneffts from an employment with tho Charity. No Iruslee expenjes have bg•n iwThd in the year. 17- WATERSIDE COMMUNrrY FUND NOTES TO THE FINANCIAL STATEMENTS qCONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 10 Tanglbl• Flx•d A•Mts Long Property equipment Total Co•L' Al 1 Awl 2024 Additions Disp)$als At 31 March 2025 Cknpreci•tion: At 1 April 2024 Charge lor thè y￿1 D18POsals At 31 March 2025 110,050 25,079 3.385 135.129 3.366 110.050 27.318 137 368 22.260 110 18.305 1.803 40,S65 1.713 14•t Book Valu•: Al 31 Mar¢h 2025 At 31118rch 2024 11 Intsnglbl• Flx•d A•••l• S¢)ftsYar• Total At 1 AprH 2024 Addilions Dlspo$a15 Al 31 March 2025 Amortlg•tlon: At 1 Apfll 2024 Charye lor Ihe year D18posa18 At 31 March 2025 2,622 2,622 2.822 2,622 524 282 524 262 786 N•t Book V•lu•: At 31 March 2025 1.830 1,838 Al 31 March 2024 2.098 WATERSIDE COMMUNITY FUND NOTE8 TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR EPIDED 31 AIARCH 2025 12 Inve•trnents 2025 2024 Ll8l•d Cash and 8ettl¥menls pwding hold a¥ part of the inslm8nl pjrtlol 10,680,546 19,430 10,234,228 354,708 10 699 976 10588 936 Mark•t Valu•: Brought lo￿ard Addilion$ al cost Dlsposal proc•ods Unreall8ed galns I110s888) Net cash movgmenl Carried lo￿ard 10.588,938 1.872,488 (1.505,5871 79,417 335.278 10899 976 10,252.758 2.082.330 12,274,874) 252.300 276,424 10588936 13 D•btorn 2026 2024 D•btoY¥ du• in l•ss Ih•n on• y•4r. A￿AUed income Prepayment8 Other dobtOT8 and deposits 9,719 TT1 12,657 771 3.200 13 950 14 Cr•dltor•: amounts hlllno du• wlthln on• A¢>xua18 Other creditors 110.432 3,932 58.339 810 19- WATERSIDE COMMUNITY FUND NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AIARCH 2025 16 Funds Unrn•lrfctod RMtrlct•d Endgwm•nl Funds Fund• Fund Funth At 1 April 2023 Net Ino)miThJ I loulgdng) rgsowC￿ for tha ye Translers be￿e￿n fvnds Net Investment gains and losses 219.273 1313,7TOI 305,375 10,261.804 391.223 <305.375) 252.300 10,481.077 77A53 2S2,300 Al 31 March 2024 210.878 10.599.952 10810830 Al 1 April 2024 Net incoming l {oulgolng) T￿0￿CeS for tho year Transfers betsveén funds N¥t Investment gain8 and1083•s 210.878 1347,3721 303219 10.599.952 330.765 (3032191 79,417 10.810.830 116,607 Yg,417 Al 31 March 2025 1&fj.725 10.706 91 S 10 873 640 Unmtrlct•d R••trt¢l•d Fund• Endowm•nt Fund Total Fund• Réprnsented by.. Tgngible and Intan￿1￿• fixed assets FL¥gd asset inveslmonls Not current 8ssets 98.314 98,314 10,699,976 76,350 10.699,978 8.939 68.411 725 10706915 ￿640 The Endowment Fund repre8ents th• caphal rKeOv¢