CbRrlty NNmb¢r: 27S251 LEE-ON-Th&SOLENT COMMUNITY A&SOCIATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR EM)ED 30TH SEPTEMBER 2024 NOktrtDVERI&CQACCQVNfANYSLYD £HARTEKEDACCOUNTAP l31ARhltrfvRoAD ANDLEFoR $QS3JAi
LEE-ON-THE-SOLENT COMMUNITY ASSOCIATJON TABLE OF coi¥rrENTS Page I Legal & Administrative Information Pages 2 to 4 Report of th¢ Ti'uste¢s Page 5 Independent Examiner's Report Income and Expenditure Account Page 6 Page 7 Compatativ¢ Income and Expenditure Account Balance Sheet Page 8 PAge 9 Cash Flow Statement Page8 10 to 15 Not¢s to the Financial Statements
LEE-ON-THE-SOLENT COMMUNITY ASSOCIATION LKGAL AND ADMINISTRA'fivE INFORMATION tke-Ort-The4olent Conununity A550¢iation is an Wiincoorted ¢ntity 4nd a r¢gist¢red charsty 8overned by its rti¢morandum and articles ofa8Bo¢ialion. CHARITY NUMBER 275251 DATE OF REI GIsfRATION 10th Mareh 1978 HOLDING TRUSTEES The liolding IwstW5 serving forth¢ p¢riod 1st O¢lobcr2023 to 30 S¢ptembBr2024 were a5 follows... S Brown V Thompson S P Green M Berry Chairman Vice Chgirmon, TreAsurer PRINCIPAL ADDRESS 51 Twyford DriY¢ Lee on the Solent Hajmpshire P013 8JU ACCOUNTANTS Northover & Co. Aeeollhtllnts Ltd 132A Bollrnemouth Road, Chandlers Ford, Hamp8hire 8053 3AL BANR8 National westmiEter PLC 52 West Streel FA Yeham Hhmp$hire P016 OJX
LKE-oN-THEOLrIT COMMUNITY ASSOCIATION HOLDING TRUSTEES REPORT FOR THE YFAR ENDED 30TH SEPTEMBER 2024 ThG holdin8trusie2s presehtlbqrrepottllnd fJnftnciDI ?tatcmenL8forlheyeRrtth 30 S¢EtnbErI4. ThEfinDnoial statem¢llts hav¢b¢en prEpared in a¢L'(Kdllnce Wilbthe ltIngppjiD1¢Y$¢toUl iii nDie I tDthe finaK5 utsmEnti And romplywlth thEthorhlsconsliiuii¢n.the ChariiitsAct2022 ortd'AKouniin8andReportin8 byTIlle$,. Sthi¢mtrttof Oellded PtAEit¢¢ applicabl¢io¢harilie5 pfowingtheiraccounl$ in A¢¢ordnce with ¢heFin914l R¢portlng SIAndard applicable inthe UKand Republi¢ Df Ir¢lAiid (FRS 1021 lefft¢iive l JAnu8ry2019)'. OBJECTtVES AND ACIIVITIES ObloEts4nd Ah TheobjertsofthEasso¢iaion includo tkprom(rtiOn ofihc benefitsto the inhAbit&ntgofLeeonth¢ Solent•ndtho nel8hbourhood tuidvanco cdu¢0in ndprovIde facililiE5 forihe re¢reaiion 8nd lÈilur¢ benefit tyflhe residents. Obl1¢llve4stT&t¢s Ad H¢llYlliÈS eonJmuDity Ctntro providcs 3 facil1iybyY ofhÈlls andminitrOOm5 toallDwour¢¢ffirnuniLytom#iand pronwttr thElr inteiests. Thest in¢lude dart¢ingbtsbl¢ t¢nnl$.sewinA knd nv¢dl¢work. fvrtheredutsiion Ihrough HCCWMI COU11 andirAn8e Or00r&tiylIIeS sh fbAll Itpgye teDms.pwl ms. l(Kal orwi3ation3' mEeiing& Public ben¢lll In s¢ttillAourpYowAfftme ea¢hywwe IiavoTeB&rdto both th? CliariiyC4mmwiDn's8enernl guidae llnpublic benofitRnd Feli¢fofpo¥erty whllsirnainwmlttgthe )jeCtives0f0Urc0stltslQn. ThBtru$i¢¢salway& PAwreihith¢wograrnmos ndert&ke are in liiewith oiir¢hHritebl¢cl>jtcts Hiins. Th¢ HoldingTYustecs confirm th3tth¢yhive wmplled Wi¢htho Yegulr¢rnonts¢fsei%ion4ofihe Ch¥ilie5 Ac12022 KTrhave re8aYd toth2publir benefiiguldRnEe ba&ed bylho CharityComml¥ion for¢h¢ BnBIandandWeS. ACHIEVEMENTS Af4D PERFORMANCE Throughoulthe FY O¢tobEr2023-SEpl¢mkr2024tscentre'$opETorion h&ctin10tObv1fft¢d by low¢rnumbellf bt[5 eTlrIY UiinEihe social club with less inwm¢ boingBenErnttd by th¢8aMillB mschiTh?s, #S indicated by thETedu¢bOn in netlncomB. Tllls is loa lar8ed¢gR¢. wo beli2VktobeiruB acrossth¢whde industry, 31thou8h 8llthe8roups whoLuetheCtnE 4ppp8riobpthriving&Twaknv¢littic noJw¢ioacconith¢d#mDre groups. OverAII In¢omo frorn thts hir¢ofrL4mis iÈ4il1 twdins UPWardoMtt mDr¢. refl¢cElngtO somp¢xient IhE incentives inlroduccd bylhe ExUl)V< Crjmmthe in 2023 i.e.th¢reduction ih hireprtc¢ for %Fridayevenln¥, Whichh Icdtoan uplift in kIng5. Th¢DAtiVed rAOnitoringofCost3attrtbuthbfothe A9$0olation ¢4. wases, sll utilityrnsl¢tc.IIK%continued durlnBFY 2023-2D24Lnd allhou8h th¢ro has be2n4novErall incNs¢ in defioii. In totsl this iy nE&si8nificwi Sum. Inviewofth Amount. it's reitonknle con¢lLe thglthe AslWIHtioM has mreor It53"broken tVcn- fortheyearto 2024. It Is recommended ihol Iht Exewtiv¢camjtt¢¢c0nt1nU¢ nwnlkntinglh¢ r¢venuEstre&ins dutinBFY2024-2025 10 identify h¢er1h¢ 8¢1ivItl¢sartdhM rMlo1 char8WMembEr5hip fees#¢e svffi¢iently eovErin8the costsofrunninglh AOlIon. TheAitn¢nee kBLin sknuldbeiornove thAssoci4tlth intoanoi POSidvviItt1O. A3atOFwbrr2O24 m¢inb¢tsliipstotsl al T¢t81..1226kE follows. Full m¢mkn722. Awxlthm¢mbtT5482- Lift tncmbrr$22 Thp pr¢p#r•tn Bnds¢rvingoffwdoDthepiethiks byourMLMè8uZfe1M¢QI1¢IThNFS tobekvgluablewrneofinethnE Ènd remainE a pwlgr4ttrtttThto (MttmernbErJ. Thv p1anrtingand0y15ti0n ofnwnvrous ex-[dinary$Odll events by thEccntrembnwmenrteam ?nd the CUMlttee5 duringhvlidayp¢riQ& sessonal ¢elebrnilotts he&kn Eonthbuied slgnifitanl Addi11[ in¢omè forthe Asiociglion.
LEE-ON-THE-SOLENT COMMUNITY ASSOCIATION HOLDING TRUSTJIKS REPOIIT FOR YEARfi NDED 30TH SEPTKMBER 2.024 A. nornlorYepaliofthrbl5hlltpror$wereVnth1kn duvlngtheFY.A8in FY2022-2Q23,tho MIrf{f thpJthrbi5hmeTht8ndmaiotE])pJKe adi%rytie& havtbEpncarii2di)ulbymtnthM7ofthv¢ommititèartdothervoiunt¢etswith onlyth¥co¥tof¢$5vnilal matcri8SgbtsiDgrh4rBedt0theAs8alIO WB continvedpAylngthÈlnstglwent4underthB weedpAyrnllltpknn trth¢vEry IprBB billthilrr8ultod froMth?YMt¢r leak thstWèntundele¢tedduiimgloEkthvén. Thi8wiII QthlinUeintoprtofFY2023.202 FINANCJALREVIEW All ¢ornMitttrxhVeTewew¢dtholJeputRXpm1ers fiwjre Po]ley on reserves ThedeGIsiOnlhala¢gshr¢seNe equiV&knttobEtweenthyee and Slxmontbs ¢xpenditityoilGoDsidwgdbyth¢ h0ld1ll8trusf tobtsonethat5houbOMeinImedbmIshOuI&b0r0vleWed Inthe nExtPY. SIlfie21BresSIs beingmadq to restothe ca5hr¢seThrtotbl&lovd afteiilwe8siifI¢Ètslly d¢plEted due tOth¢Co&Cr1s. STRUCTURE. GOVERNANCEANDMANAGEMENT NAtllre of¥DVprningdo¢umciil ThèaÈsplliaknwgs¢on$dlutodunderfji¢NNtiollal F¢dtr46tyof CummunityAssociihwon 18Novemb¢r 1977. ThoExutiv¢CoTnmiltto, und¢rth¢tenns ofthe ¢tsngtilution, hAnd1¢5 kndaydthlofth¢8SS003&dw'$bysin955. Theirrole Isthcnsure 8 pMinulnBsire8m of inCDmèfrorn theVloaeVth{es ofthe Dg800ioll1rt0rdErio rneel¢urroAt ¢Adltur4 a¥wellai 62ttinglO IlJhdsforilltLwed¢yolopmenL Charlty comtyl55io ttvstee reqlliVÈittent All w AswiationcornmiitycmwbersvkTr8dvj 0fthere$0fJnlllltlelO5rnÈs8Itus[w AndhI appToPtialetInCAtfOtsn. R¢rultsllellt xnd8ppoIM¢tyb¢of HoldtDgTrust¢eu ThtruPe51lbotloQWdbytheeOThm7tyec1lldtoySbITe5P2Gtiyyho7d oJfi¢tstsntil dcRth orT18nti0n.UnItss reInTrdfroM0ffI¢QbYrcsdllÉ[on ofthe eoraJtrill¢¢. Th0rtumb•rofHoldingTrLc shÈl1b2llOtmDRthart5Jx At5¥ . thfOUr. org%1811n 5truclurg ThoCornmuDityAsC18tIOn ¢ounGiI l¥nTrad¢upOicEnlrcwl¢ipalingBrwprep¢ratlndSryeq1] numborof ombersvotsa thatAGm.E3Eb mwub¢rofth¢¢o4n¢ll l¥aMaD3gingThst¢tsandlBni adlrAtiOa¢optltigthIir respls1bktfhEstartOfeHChyeBc.ThsExètsutecOnYDIWtt 1$ form¢d this Co)JnGiI. AE mntlOllEdinnrts IS. th¢LeecorrimunityAss0oi&tiLstslaub WithirylhèuioNatw4Eontrol, rUnslh¢bÈrf1lltyll evEnts ikn¢r<?m aÈrtcdbytheExellIiY2 ¢MI¢t. ThèGcntre nPlsal1-tSc m8n88¢taDd depUtYWaa¢It¢trlB$lffISreqll[red. Fourholding tr31£1#1¢cdsrequlredatAomArfj rcynEiblBforlh¢ finonoi818ftBngomentS8ndstriL*rtDfthtbuildl IhroMthleasts.andatrresptsn5ibletoth¢ landtthI5a05PVrtBorwghCouncll8ndiotheChHrityCoJfiJhis&ill.
ON.THK-SOLENT COMMUNrry ASSOCIATION HOLDING TRUSTEES REPORT FOR THE YEARENDED 30TH SEPTEIVIBER2024 oÉncys of Mrsleplieh BJDW MFrdnkTliomp60M ssNalasbaDea Chalrman Vico cbA1Tntn, Tr¢4511rer Se¢rthAry ul¢ontMittDDmtsmbernknd B,m(1syIth1 BwMlssF1aMhED,Mr5leyeDO M[&UBIMDwB1,MN WEndyDYk¢sMrDWmsthrt, FrnnkThEThwuD, Ms KimTrem1t,mrAltn Whittaktr,Mr MrRi¢dMt.rJrVKlrk,MrM&rk BeNY*MrnyTorns KOTtnfv1Sburn,ts cen1rtTrThBgEr. MJyLtsxWoodOn CèlllreAsg1&10JilMsNAgeT: Mr&HdèllDouE]AS MrSteph•DBro Ch8innan
LEE-ON-T1s0LENT COMflUNITY ASSOCIATION INDEPENDENT EXAMtNERIS REPORT TO THE TRIJSTEES OF 0.Tl-s0LIT ASSOCIATION W¢yEporton thEXCOntS ofihe ¢rAAp forgheyÈtrend>l 31Nh Seplemb¢r2024whlGb irqsE¢puton pagps6 to 15. RE8PEcfivE RfSPONSIBILTfiKs OF THE TRUSTKKSAND EXAMllYER BrerowTh8iblF forthcwparnt1ofthC È¢¢ount$ bDdlhEycon3id¢rlhal audit13rt01 re4uhtd forthis yearLnd¢rSuEfion 144121 LTrflh¢ ChKiliesA¢i2022 Ilhe2022 A¢tl End Ihrfon indtpendcntexamiiiallon is pormls¥blE. Havittgilti¥fiÈdoNr8¥e518tlhO¢hAttty IJ notsublt¢ttO4Lbudignd i¥eli&bloforindep¢tht ¢xamili0Th. iti¥our r¢sPtbn3ibiltyto.' EXAmintthe AttoumtsaerStÈt[i 145 ft?2}ZACI. ffyllow tho proetdNreJ doFrn ill thEgeneTRI DiTC4tiDM3glvM bythtehtsrity Com135[ und¢r ietl10 145(4(bl ufthe2022 A<t.' IIAtswh¢tberp4rtlcNIRr rnqtitr6 hHv• ¢oJlltts o¥Y btttlltio BASIS OF If4DEPENDENTKXAMfNKR'SRICPORT OurexamTll8n %va8card4doutinaGcordaocewihthe genprnlDire¢llonB vIby¢CkntyCVmTh1[&n. A ex4nJin&tiDnin¢ludegaravlew pf1¢ aUntinrecordS keptbylb¢ ¢hurity &nd B WhP4ri5on oflheACWUntspr¢stthd with idostr¢¢otth.ItalsD inGludc5s1d2rbttOryof EnyunoI it4msor6is¢losuf¢5ththE accnIs. ands¢Bku ¢xpl0nalnS frOmy$S truslcBs GonBctningaDYsuchmatteTIK proceduresMnd¢rtthertthmatpryviJ¢all the evid¢ncelh8twouldbtiequifed in an3udit,3ndconsequenlly noopinion188iYvn 89 lowhEththe pr¢sentA 'trye4ndfalrvlew' and therwrt iglimitedto IhD5PTnattprs5Er0NtlnthtsstAlomortt bolow. DKeKNDENfEXATh(tNERIS STATEMENT TnconTwlv)TrwithoureXAmitt&don.nomtter]LtsCornEtsourattqntD-. {11 whIchE25r)n6b1B¢RU5lOl%11¢v¢th1( ifL8nymÈtttlÈl reswi thE reqements- k¢epiwCtirtBTe[ryd IDaG¢orfancewith 5¢¢tion 386tsfthr compani Art2006. tow¢pirEacEllunts ivhichg8Teewtth th¢ pcwunilnB records8rtd eomplywiththe l)untIng[cqU5r¢ntsot ClSon396 oftbB Comp&pi 4ct2006 andwllhthem#FSIlld pylnclpies tsftheStafeTnentof ilewmrneded Prntsti¢è.. AccoUlIgdKrtIgbYch8ri11cS bAvenolbeoo M,. rLI towhi¢h.in ou¥optsJiort. Éttellli5knldlldrl0rdrtV enibl¢amWvruAd¢rstIr¥OfthOaGC0untstO be reathd. NORTHOVER & CO ACCOUNTANTS LMtTED C&4RTERED ACCOUNTANrs 132ABOiUINEMOiJTHROAD CHANDLERS FOiiD,HAhIPSHtRE S053 3AL
Lfi E-ON-TIII£-SOLENT COMI[UNr[y ASSOCIATION STATLI f*lEI NT OF FINANCIAL ACTIVITIES FOR THE YKAR ENDED 30TH SKiryKMBEI R 2024 SUMIVWiY INCOME AND EXPENJ)ITURE ACCOi)Trfr Fllttds 2024 013 COMtNCRLSOURCES In¢i¥ningre&ources from 8ekaratedfy& Chai'itable gotivities Government gr16 Social Club income Inve5tFnent income Other ioroTre {2) 209,570 209,570 2,287 2287 514,775 514,775 68 68 500 soo 21J.010 J.S00 566..087 (15) 141 TOTALJNCOMtNGRLSOURCBS n7 200 727,200 YY8,580 RESOL)RCES EXPENDED Charitsblg8¢tivities Social Cl¥b expEnditUT6 161 (15) 349,990 349,990 384,688 384.68S 357,555 421,799 TOTALEXPEIYDITURE 734,678 734,678 779.354 NET INCOMtNC REsoinic&8 riOR'fHV YEARBEFORL TRANSFERS (7.478) 17,478) Y4) TTansf8rs b¢tVKeft fvnds ET INCONIEIIDKFICIT) FOR THI YEAR 78) A78 {T141 Total fvnd8 bmu8ht forw8rd 17Q,336 170,336 TOTALlYtJND8 CARRllGD FORWARD 162,858 162 170,336 Tht IntOJts¢ ondBxpEnditUTe Aecountincludes gJl goiN 8)loSseS recogoised illtheyw. All incme aT CXF¢nditULB derives fromcoutiTruiDg activities.
LEE-ON-TlllC-SOLENT CoMMiITy ASSOCIATJON STAIKMEI f4T Olt FllYANCIAL ACTIVITIES FOR TEIE Y14AR ENDJ£D 30TII SEPTLMBER 2024 COMPARATIVE SUMMARY AF4D XPEEqDITITRK ACCOiJNT estricted VDfeAtYl Not und8 2023 JNCOIIIINGIIESOURcks IncoMEJE$oUr¢es frorn generat fimd5 ChaTitsblt atttivsti¢$ Qoernment grants Social Club incom Investmejt itlrome 011nm0 {2) {3) (15) {4) 2Jl,OlQ 1,50 506,037 33 2JI.OIG 1,500 566,037 33 TOTAL ThCOMll¥G RfSOIJRCES 778,5811 776.580 RE8011RCES ExeLNDED Ch8ritsbl¥ alYil So¢ialClub BXPBnditu (6) (151 357,555 421,799 357.555 42J.7PS> TOTAL EXPXNDITIJRE 779,554 779,354 NRTJNCOMING IIESOURCKS FOR THX YEAR BEFOBEYRANSFEI (774) f174) Transht31thenfuDdy NEfiNCOMEIIDKFXCAT) IfoR THE YEAR 74 74) Totd hnd¥ brouBhtforw8rd J71,JJO 17J,lJO TOTAL FUNDS CAIUIIBD FORWARD 170,536 170,336
LEE-ON-THE4OLE14T COIIJMUNITY ASSOCIATtON STATEMENT OF FINANCIAL AC'I'JVITIES FOR THE YEARENDED 30TH SEI PTKMBEIR 2024 Note 2024 TANQIBLE FIXKDASSETS (81 145,915 16Q,03J Sio¢ks Debtors CaBh atb4ftksnd iThhId 10,614 14,195 17.298 9,480 20.342 8,335 (9) 42,ID7 37.957 CREDITOIIS.. AmounL8fo]Iln8 duo within oneye 2S,164 27,652 25,164 27,652 NRT C(fRRENT ASgETS JO.30J NET ASSETS £16 170,336 Ure(rIctert Qenerdl fi]nd SoaiRI Club. GènprAlfvnd Deylgllated folld 162,858 f2Y2,3J6J 245.446 JQ7,205 £162,8S8 £J20,335 ThcfinonciaI $tatr]wts wercapproved bytbebogrd o and Siled On itBbEhalf by.. Mr Stepben Browj) ChatrJDan
LEE-ON-THE-SOLENT COMMUNITY ASSOCIATION STATF,MENT OF CASH FLOWS VOR TItE RErDED 30TH SEPTEMBER 2024 Z4 NJtT CASH FLOWPROVIDED BY OPERATING ACTIVITIES I I I 14069 (4.716) CASH FLOWS FROM INVESTINC ACTIVITIES Inlcrutrei¢Thrd 33 CASHFLOWS FROMFtNANCING ACTIVTfIES FixedAladi¢i0ns {5,474) NET CASH FLOW Nyf CASH FLOW WOR THE Y&AR Chan8e in cashllnd cash e4UiV81ents Inihe year f4.683) Cath atKI cHsh equivglents at the stsn of Iheyear 13.018 Cfjh Bnd ¢o¥h equlvalents #t thetLd of iheyear 12} &33J NOTES TO THK CASH FLOW STATEMF,NT FOR YEAR ENDED 3mi SETPEMBER 21)23 I NEf CASH Law PROVIDED BY OPERATING ACTIVITIFS NetrnovtmEnt in funds for theyear InterestTt£eivcd Depre¢ifjiion (Increas¢lldecre85e in stocks (Tn¢re8s¢yde¢ree in debto Incroaselldecrtasel in GtredilorJ (7,4781 1681 19,589 11,1331 S947 4881 f774) f33) 20,844 58) 11.162) r23.533) (4.7JOJ I ANALYSIS OF CASH AND CASH XQUIVALENTS Cash &t bAtd( in hgnd 17,298 8,335
LEE-ON_THE.SOLE4 NT COMNWNITY ASSOetATION NOTES TO THE FINANCIAL 8TATEMENTS FOR THE YEAR fiNDED JOTH SfiPTEI MJIER 2024 i AccouKriNG POLICJLS l.1111i1s of pr¢pnratioh of flnnoia151gi¢mtnls The fin4nclal 51Btrm¢n15 IIBY¢bccn in4ccorQKnce ivith Ihe ChAr[leS SORPIFR$ 102)-Acwniin8Bnd Rwrtin8 byChRrhles.. stsiemgnlofRrcomm¢hdedPraCilc¢plC6]?tfj (hgrfii¢3 Iheira¢¢ounls In AC¢¢¢wI1h the ¢11 ReportingSthndÈrd gpp]ieBble in Ihe UK4nd Republi¢oflrelond (FR% 1021 IclTecilve l Janugry24191,tht nan¢iAI sid1 hpplieable inlhe UKRnd R¢publi¢ol'lrcland IFRS 1021 ath¢chantiAC120ll. LthOn.Th>Sd¥ntCixnmMnityAu(SThtion mr¢isthe definilion ofa blIciner1l¢MItY under FRS 102. Astsand 1labtlilS tre in1liullywo8rttdllI hi$tOricol wstOrtrAnsa¢¢lon knnk854lhctWi%Slalcd inilie tElevaDiiUthntin$ prAtoy. i.t2 Fund a11% GenetNI thAth4reuhr¢Jtri¢t¢d fuTthiYhlth or¢avallaNe forwe illhE dsEr¢tsonoftheTrJsthE5 in funhtMnceofth¢ gcJJeral obj¢diYe4ofthc thirity and whi¢h have noibeen for0rpC8. De9¢edfvnds ttmnpllae unre51rlcteOfvTththat hÈv¢ beetald¢ by th¢Trnstces fvpartlculAfputfW8.The useof fundBtEseloul in thenote5t0thefiiryttl sthtcmcnts. R¢#riet¢d funds BrttfjJlldsNhi¢h aret¢ br u¥cd in iec¢KdanlhSPeO]fic IEstiY¢tlOn3 ImpodbY&mosorlVhIch h&ve bevn rpi5edbythEChtJityfvwicularwp)se4 The¢uslsofNisln8 d(hIn1&tthnUth veeh1r ABA$¢the 5PEdfic fvnd. l.jj All Income Is eOnISed On1heCh41atykn ElltillemEnito Ih¢Trthm¢. 11 li prob?blothrtth¢lnwrnewlll be r&ved Bnd th¢ArnDunlofirtcDM¢ r¢ceivfjbl¢ Cbe meosured rellably. lorn tax retvyerdblt in rdallon tDdonAiionsre¢eived underGIttAidoFd¢cthofco¥enw4 IsrewiKd attheiTheot'th¢ tTr. 1.14 Eipetsdityye E%pEnthtkn 13 rccwI5rdon¢rthcrc 15 Ilwl (COnStrUcifv¢)III8l)n totrattifere<on(MnKbenefit 109 Ihirdpthy li Is proknlethAtAtEwf¢rtsfcconomk bM¢flts 11 b?requidIn Èhd thcamDunloftheoNltl(M}( metsuredreliabiy. ov¢mance Eo919èTethoseincur&fNe<lIQn th Admlknithibn oflhe ehohty4nd¢omplianrtlVith aiatulory requiremeni Cwtsof8en¢ratingrthtshPCoÈ IrUrr&I In ¢tls01unIÉryInr0m41lfho5e In¢rIed In ir¥din8ActlvltluthatrolJ¢ Jbjnd J.ISTAngiblttlxz41 ajyetg As%et83recApii3lls£dthreth¢ird1dUl vhlu¢ trxrrd%£l.Q. FixedAxtiaro£t4t¢d¢ThL, DeprtcialKJn1spfovidEd on all tan8iblE fixed A8SÈts At rd5 c4lCulÈtcdlowtcotr the coit ofvÈluaikn, 55£1&1tdy¢YldUl Yalwofp4Las evenlyoverltiwpectedYfvl liTo<Jn QAtrdWI line W$.Th¢ rnSrnDStUSrd inwh ratwry Hre as follo.. Leasehddwope¢iy Sp(rft ryipm¢ni Futnilur4 fixture%& otfivequip]neni Plomandcqulwn 2.YS%str&iBhi Ilnt IO% sttai8ht Ilne 1036%traighi lin¢ IO%siral8ht15ne 1.16 DÈbtQT5 Trdd¢ 8nd4ikerOebt(llsareyeeoBlliBedBtthBsetiltmtnl4mountafteranytradedlscwDtoffrred. PKvyrn¢nd¢wh1Ue Al thE8fiIQt pr¢pild nelof nYtdedi$UtsdU¢. 1.17 Cijh 4tb#nk IM kAnd C8sh 8ibAnk Bnd in hhd iMludEscpth andEhort-i¢mi hi8hly154tsid iTrV¢SknENiw5tha5hDrtmAfurityofthree nThth50r lui frornih¢datEof4CqUisillDn oropEningofii depD51iorsImilor¢Di.
LOr-THE-s0L1Tr COMMIINITY ASSOCJATION NOTCI S TO THE FINANCIAL STATEMENTS WOR THE ITAR ENDED 30TH SEPT8MBER 21124 ii. I ACCOUNTING POLICIES (ro() 1.18 Credltoys Creditors pndpYOvlsi51reFÈgDIsdWhQefh¢£hty ha5 apwenloNityion rtJullinE fromAp?$1¢srni Ihatwill probably511 inlhetr8Thsftrofthd$io Athird partyÈndtho &?nIe105c1tlc Ihe Oblat1(c3Tr be Thwwredth. im&ted11EbIy. crtdltor54ndpiov1s5 KenorniAllytttognisedii Ih¢1r5etllEnt imunigfter91]owlD8forAnylMde diKvuntsdyp. F.19 iStme11 Thecomwny h&%clccttdto apply wo¥48tOhsofSeGllon I 1'B¢F[x9nI tn#rnrntnts'ofFRS 102 to 8llorii$ finand Fln9nci81 in6tllull0nts#rereCvI5Cd in ¢k¢nY,IbI4X5hcCtthen the comp1nybcrthtmrtytsih¢¢Qntra¢II PTOyiBit5 ofthe ihswm¢nt. Ba?io fminclal a55tt5, Ivhlch IUbadb4nkb21Wes.&re inttliltyrne45yr¢daitlèn8lltsn wlce trSectIo]ICl0 5ubsequ¢nLIy¢atrfcd at aTnortWeost mngthe¢tlVtltrTBytMthd.FtN+XdI b52ets ¢Ified asre¢CiVablewlihlnoThpye4rwEEThiOiiid. Bas1¢ finzncial livbililie4 In¢ludlttB creditorJ,4re iniii&llyyeCo{sed atir4n$ArtionpriLX8nd aYcaub&equcndy nrtisEd05tn Ih¢effe¢dv¢ihiesLmethod. Fingn¢iAI liabiliiies rJusifiedaip&y4bl¢Mihln Oncy¢ar3re nol fimortiSEd. J,1• R¢iir•mentbEnefitg ThrrhETityopErBl&%a defined contrtbuilonptn¥k)n 8theme.c0ntrlbuilo1 Rrethw in the¥4tfoKntof fl#th¢iÈl artiviiiEsth¢Y[¢(rW1ekn FIXr3cellh the YuJEsoftheth 121 TxatloTh ThÈGkntyii&x¢mpt frQm¢thwpiwnl uniL8rhariiabkacilvii lal Ctsingcon¢ETD Alth¢ lim¢ orapVingtherI8nCll ¢iemenis, ththolthnslru5t¢Es hwe ¢yeall¢cxPccthll thD¢th¢¢harttyh&s Bde9¢T¢s0r¢esl0LllnUeIn OPEr&tional exi*em¢e torih¢ foi&gEtsblPture..ThVSthelthglllÈcsNll¢lO dOpÈthe8oingwnrn b&8ls tsfeccDuntingiThprcwin8 th¢ fiftnCIal stat¢rnMts.
LEE-ON-THE-SOLENT COMMUNITY ASSOCIATION NOTES TO TAE filNANCIAL STATEMENTS FOR THE YEAR EL NDED 30TH SEPTEMBKR 2024 12. 2 CHARtTABLE ACTIVITJE5- UNRKSTRicfED 021 ComTnuiiiiyCtntr¢ Soclal Cb esi8bli5hmontaDd licenw f¢es 70,070 133 SDO 77,510 133,590 209.570 211.010 3 GOVERNMEwf GRANTS cou118[11t5 1,500 1.500 4 INvEMEt(r INCOME Jntetestieteiv8ble 68 53 5 OTHER INCOM sfjo 6 CHARITABLE KXPKNDITURZ. UNREsfRICTED SUPPORT CO Direetcoits Stsff PremL*s ¢0sts Itth[m1On technD108y Administradtyn costs Finanek wsts tkpre¢latlort 51,638 208,772 53,216 I40 701 7,184 47.968 210.437 59.457 2,207 1,27 JQ,O?2 20,844 352,21J GOVERNANCE COSTS Independcn¢Examinati(Jrt AccountaY Le7 aryd pmf510ffta1 2,5011 3,850 3.SOtI 3.842 5,342 TOTAL CHARITABLK EXPENDfruRE 349,990 3J7.J55
LEE-ON-THE-SOLENT COMMUNfiY ASSOCIATION NOTES TO THE FINANCIAL STATEI MENTS FOR THE YEAR ENDED 30TH SLIPTEMLIFR2024 13. 7 COS13 WBEC54nd231arj Sprial 5pKurityc05L% 185.959 8A81 6,714 6.2 7,517 1.87J 1222 (knel WABt4 OtheritJtf¢os R¢¢rvltM¢nt¢xn$2ts Staff irdinlnx 1.90J 141 Yotalilaff ¢osts pwrhaTIty 208 772 2lq437 ThpAvcraBe numberafsiaff employed durlngthe yearwas12 (2023.. 151 Thern W¢ra no Èmpby¢es wlKss0 pnnual r¢muA¢ration was £60,0 orma. Atthoye&ren4 thwe word otststartdlngptyT)sifjn ooothbJlioJ15 pay8ble of£l.469 (2023.. £1,Y93).Tothl pensiotttOntr5buii0Trs of£6.72412023.. £7.5171 vKre paid by thech4rtryal0r¢ in¢ludcd irtihE SOFA. FJXID A8Sm Lcisehold Prtsp*rty Egllipmellt Spurts EquIpm¢t Fltllny To¢#l co BroughlfonY4rd Addltlons Dtspo#L% fry¥wd 5J(735 3087 2Q.579 1,832 44.787 555 GOI74 5,474 5370Z2 573 007,148 DEPRECIATION Bllpughl fmw'd Pmvithd durinith¢Yr4r ElIMiled Oh C8rAed fomrd 35Xlts99 15,800 10.847 3&524 1,573 441.64J 19.59 499 12,856 CAHRYINC AMOi)rfr At3o8¢pt¢h2QZ4 9.555 5.057 145J15 144.050 ,732 2oJ 16Q.OJl g DEBTOILg Tr9dEdebto otherdeo[ Prqwt4ftd&COrned incDme 9.192 9,2GQ 1,7JO 380 10 CREDITOILS.. AMOUNTS FALLING DUKWITHJN ONE YEAR Tiadc¢ttditots Otherrxtdltury o¢h¢rtsxation 3ClaI SEcyrity Accrufi1iqnddcf¢tYed inwme 6.96S 2JS1 10,731 5J17 7,125 2,26 14,103 25,164 27.652
LELON-THE.SOLENT COmM[JNT ASSOCIATION NOTES TO TRE FINANCIAL STA1EMENTS FOR I'HE YEAR ENDED 3ITH SEPTEMBJGR2024 II UNRK5TRicfED FUNDS 14. Pund IhFd XxpertditDr¢ 'E'rÈhikrJ eJrw41 IYA,205 197.205 TthIDesiwii¢dFunds 7.305) Q¢n¢ral fvnd Club. 0¢)r Q72,315) 11442$ Q49.9901 $72,738 245140 514 775 JB4 375 t62058 17Q330 72721JO 1thEdE4f0rfh8M1lYrtyet¢dfUnd$¢Ild?byth2trU5t£¢SrOrtbÈdmnAtUdCxI0DPdlr6liIdiTh Somtye4rswand fiJr¢YeryyeÈr$ln¢¢, fundshiiwi spiiOnlhrbuitdin8smd wliled infts&l¢Iurebl whhkaQi be¥nUpd¢d inlhoAlin1A¢¢DUn How¢YErthe'fYu¥ttaTBceminthitDYcrthllwiyrarS.Ihcknl Bmounl spenf( IhBAuottithonbuildlnghawwd1 Ihebr¢u8hlfor1tdBj[Id5Eundb$kn1dI1tdEcl&tOttO Ill buih1in8sinuyhbeell(nTged thth¢A55OCiat(jrtll Fund5.¢T$uIer0tsh&veeel IhRtitis I08kld eqththblr fortkneBuildin8Furtd bplnCe10lKttwf£rred to 1knGcnCrFOd. IliytoriI1YthAs¢lII1r17 Fundsh8vebe¢n 5pIrtbEtWlGeeF4lFknddlls ClubFuDddttTr ofitsoflheSt¢MitruMdhuYonUd7y iYM1argclyfj$r¢Cd Fund.TheTtuSteesh&vtthI lhalth< Bulld1ng,rnQnffiD9nctSd8Cri¥IllcSt[bllth bn{sI150Ct1S2IYC0D¢ and Ilnk¢d, PUW¢tsrbvfityirthRVin8seplhrndSd wh&vetrwf¢¥thErgcdtkn45JhNvn 12 ANAI.YSIS OPNKfASSKTS BETWEEN FUNDS A¥lltJ(ISvAember2024 FAS 34 78 Vprultlcled R¢iiTktEd 2W4 Stock Tbr$ 145,915 I,614 14,195 17,29B 5.104 162,¥58 VnTL¥trltied R¢striEttd 145,915 10,614 14,195 17J98 162,858 2023 A5dlSOSvpteMbtr3Q23 Tbk Stook ioo.oji 9.480 21Y.142 8.335 ny.052 B1ndc it(M3 20.142 8.335 7.052J 170.3Jfj 170,3J6 IJ TRUS'fLES' EXPENSES IwJTtsd byll1emvnihY0fthethI1IIy, ur forfflila15 SuppllEdbytkn tothcrh4rity.NottthwJtt#tionw&4psidth holdin8TTueesdurfn¢thcyc4r. 14 OPERATING LiASE COMMIThqENTS AttknrepQrtfnI thEthB¢trfftityhdoVtswndeOrnmCntsrfatyjr¢knIUrn lewpuyrtentlundernon(ÈI1Eb]e 024 Wilhin<mE) B¢NwtwOgThifiv¢yegJ8 TnDverfiYeJEo 1,700 6WO 13.•69 1,7nO 14.10 23.20 Th¢lgnathtASSDEI0no¢¢UplES130rI byOtrspDrtBoruupJ C¢un¢il. Iti8cuwenlly pvIbYthc0U[ll 8nlft¢wilythscounthdAnnu tor£I3.Th¢ Ir4JcisJubjccl lorKfiodrGnltGvluv& WtV¢r, ikntrustttsthnot¢vL n¥xo&5ethermlehbEl8MthWjttkcA5jQU10n knIkniurtyw%Thp¢Lvenik&wet¢xt¢4 July208Q.
LE0-THoLENj. COiVIMUFIITY ASSOCIAYJON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR NDED 30TH sEFfL4 MIIF.R 2024 15. 15 LKE-ON-THE4OLENf COMMUNITY ASSOCIATION SOCIALCLIIB Th¢kKOfftccKPBnditt r¢laiin8la thCbaray0fthe knsoGhtionat¢sepwr&iyaccountedforlnlhBttt.On.ThtsSohnl eornmunltyA$Sou31ion&IaI clbI¢¢•. donDith]5tittrtBJsrpgtato¢harftykndlhewfo9VC¢t ?m81#4maledwiihirtthtStrwDurhts. Be]OW¥J¢gummErlsedyewfr& fvlty0n-Ths0lentcomI¢yknUclOll $ooi¢lClub foTthByM cnded30S¢idember )24. TheS from Ibe&'ta¢cnts haVen t¢FYesentEd ES am2AM1t¢d IIA¢J onth¢rOrth¢1nwjA¢& EApuKbi Accouni. INCOMING RESOURC InE4xnin8trWtsrtcsfTOm 8¢rywalfth ch1tbE2&¢tlyI1k¥ 04mingrnIiIn QovtmEnt 8r¥ryts Inv¢&tmeDt incom¢ 411Ng9 TOJ,127 435,080 J3a890 oi Totfil IncomingJe¢4 514.77$ kKSOURCES BXPRNDED hirltalAeg¢llvlde& O¥rnlngnwhlrttg 319010 64072 3M9J9 94.&GO TOTAL BXPENDJTUR 121.799 NKT INCOMING RESOURCES FOR THXYEAR BKFORETRANSFERS 130087 144.238 TrpDsfm ltIcnfirf£ [375331 NET INCOME FOR THB YttAR 111.238 TotRI fvTrdsbrnglitfotWdrd 101.208 TOYAL FUNDS CARRIED FORWARD 245446