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 l31A￿￿R￿￿hl￿trfvRoAD ANDLE￿FoR $QS3JAi LEE-ON-THE-SOLENT COMMUNITY ASSOCIATJON TABLE OF coi¥rrENTS Page I Legal & Administrative Information Pages 2 to 4 Report of th¢ Ti'uste¢s Page 5 Independent Examiner's Report Income and Expenditure Account Page 6 Page 7 Compatativ¢ Income and Expenditure Account Balance Sheet Page 8 PAge 9 Cash Flow Statement Page8 10 to 15 Not¢s to the Financial Statements LEE-ON-THE-SOLENT COMMUNITY ASSOCIATION LKGAL AND ADMINISTRA'fivE INFORMATION tke-Ort-The4olent Conununity A550¢iation is an Wiinco￿or￿ted ¢ntity 4nd a r¢gist¢red charsty 8overned by its rti¢morandum and articles ofa8Bo¢ialion. CHARITY NUMBER 275251 DATE OF REI GIsfRATION 10th Mareh 1978 HOLDING TRUSTEES The liolding IwstW5 serving forth¢ p¢riod 1st O¢lobcr2023 to 30 S¢ptembBr2024 were a5 follows... S Brown V Thompson S P Green M Berry Chairman Vice Chgirmon, TreAsurer PRINCIPAL ADDRESS 51 Twyford DriY¢ Lee on the Solent Hajmpshire P013 8JU ACCOUNTANTS Northover & Co. Aeeollhtllnts Ltd 132A Bollrnemouth Road, Chandlers Ford, Hamp8hire 8053 3AL BAN￿R8 National westmiE￿ter PLC 52 West Streel FA Yeham Hhmp$hire P016 OJX LKE-oN-THE￿OL￿rIT COMMUNITY ASSOCIATION HOLDING TRUSTEES REPORT FOR THE YFAR ENDED 30TH SEPTEMBER 2024 ThG holdin8trusie2s presehtlbqrrepottllnd fJnftnciDI ?tatcmenL8forlheyeRrtth 30 S¢￿EtnbEr￿I4. ThEfinDnoial statem¢llts hav¢b¢en prEpared in a¢L'(Kdllnce Wilbthe ￿￿￿l￿tIngppjiD1¢Y$¢toUl iii nDie I tDthe finaK5 utsmEnti And romplywlth thEthorhlsconsliiuii¢n.the ChariiitsAct2022 ortd'AKouniin8andReportin8 by￿￿TIlle$,. Sthi¢mtrttof ￿￿O￿￿ellded PtAEit¢¢ applicabl¢io¢harilie5 pfowingtheiraccounl$ in A¢¢ord*nce with ¢heFin9￿14l R¢portlng SIAndard applicable inthe UKand Republi¢ Df Ir¢lAiid (FRS 1021 lefft¢iive l JAnu8ry2019)'. OBJECTtVES AND ACIIVITIES ObloEts4nd Ah TheobjertsofthEasso¢ia*ion includo tkprom(rtiOn ofihc benefitsto the inhAbit&ntgofLeeonth¢ Solent•ndtho nel8hbourhood tuidvanco cdu¢0i￿n ￿ndprovIde facililiE5 forihe re¢reaiion 8nd lÈilur¢ benefit tyflhe residents. Obl1¢llve4stT&￿t¢s A￿d H¢llYlliÈS eonJmuDity Ctntro providcs 3 facil1iyby￿Y ofhÈlls andminit￿rOOm5 toallDwour¢¢ffirnuniLytom#iand pronwttr thElr inteiests. Thest in¢lude dart¢ingbtsbl¢ t¢nnl$.sewinA knd nv¢dl¢work. fvrtheredutsiion Ihrough HCCWMI COU￿11 andirAn8e Or￿￿00r&￿tiylIIeS s￿h f￿bAll Itpgye teDms.pwl ￿ms. l(Kal orwi3ation3' mEeiing& Public ben¢lll In s¢ttillAourpYowAfftme ea¢hywwe IiavoTeB&rdto both th? CliariiyC4mmwiDn's8enernl guida￿e llnpublic benofitRnd Feli¢fofpo¥erty whllsirnainwmlttgthe ￿)jeCtives0f0Urc0￿stlts￿lQn. ThBtru$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¢ BnBIandandW￿eS. ACHIEVEMENTS Af4D PERFORMANCE Throughoulthe FY O¢tobEr2023-SEpl¢mkr2024tscentre'$opETorion h&*c￿tin1￿0tObv1fft¢￿d by low¢rnumbe￿llf bt[5 ￿e￿￿T￿l￿rIY 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 whoLuetheCtn*E 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 Ex￿Ul)V< Crjmmthe in 2023 i.e.th¢reduction ih hireprtc¢ for %Fridayevenln¥, Whichh￿ Icdtoan uplift in ￿￿kIng5. Th￿¢DAti￿Ved rAOnitoringofCost3attrtbuthb￿fothe 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¢lL￿e thglthe AslWIHtioM has mreor It53"broken tVcn- fortheyearto 2024. It Is recommended ihol Iht Exewtiv¢cam￿jtt¢¢c0nt1nU¢ nwnlkntinglh¢ r¢venuEstre&ins dutinBFY2024-2025 10 identify h¢￿er1h¢ 8¢1ivItl¢sartdh￿M rMlo1 char8WMembEr5hip fees#¢e svffi¢iently eovErin8the costsofrunninglh A￿O￿lI￿on. TheAitn¢nee kBLin sknuldbeiornove thAssoci4tlth intoanoi POSidvviIt￿t1O￿. A3atOFwbrr2O24 m¢inb¢tsliipstotsl al T¢t81..1226kE follows. Full m¢mkn722. Awxlthm¢mbtT5482- Lift tncmbrr$22 Thp pr¢p#r•t￿n Bnds¢rvingoffwdoDthepiethiks byourMLMè8uZ￿￿fe1M¢QI1¢IThNFS tobekvgluablewrneofinethnE Ènd remainE a pwlgr4ttrttt￿Thto (MttmernbErJ. Thv p1anrtingand0y￿15￿ti0n ofnwnvrous ex￿￿-￿[dinary$Odll events by thEccntrembnwmenrteam ?nd the CUM￿lttee5 duringhvlidayp¢riQ&￿ sessonal ¢elebrnilotts h￿e&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￿￿. nornlorYepaliof￿thrbl5h￿￿lltpro￿r$￿￿￿wereVnth1kn duvlngtheFY.A8in FY2022-2Q23,tho MI￿rf￿{f thpJthrbi5hmeTht8ndmaiotE])pJKe adi%rytie& havtbEpncarii2di)ulbymtnthM7ofthv¢ommititèartdothervoiunt¢etswith onlyth¥co¥tof¢$5vnilal matcri8SgbtsiDgrh4rBedt0theAs8￿alIO￿ WB continvedpAylngthÈlnstglwent4underthB weedpAyrnllltpknn trth¢vEry IprBB billthilrr8ultod froMth?YMt¢r leak thstWèntundele¢tedduiimgloEkthvén. Thi8wiII QthlinUeintoprtofFY2023.202 FINANCJALREVIEW All ¢ornMitttrxhVeTewew¢dthol￿Jepu￿tRXpm1￿ers fiwjre Po]ley on reserves ThedeGIsiOnlhala¢gshr¢seNe equiV&knttobEtweenthyee and Slxmontbs ¢xpenditityoilGoDsidwgdbyth¢ h0ld1ll8trusf￿ tobtsonethat5hou￿bOMeinI￿medbmIshOuI&b0r0vleWed Inthe nExtPY. SI￿lfie2￿1￿BresSIs beingmadq to resto￿the ca5hr¢seThrtotbl&lovd afteiilwe8si￿ifI¢Ètslly d¢plEted due tOth¢Co￿&Cr1￿s. STRUCTURE. GOVERNANCEANDMANAGEMENT NAtllre of¥DVprningdo¢umciil ThèaÈsplliaknwgs¢on$dlutodunderfji¢NNtiollal F¢dtr46tyof CummunityAssociihwon 18Novemb¢r 1977. ThoEx**utiv¢CoTnmiltto, und¢rth¢tenns ofthe ¢tsngtilution, hAnd1¢5 kndaydthlofth¢8SS003&dw'$bysin955. Theirrole Isthcnsure 8 pMinulnBsire8m of inCDmèfrorn theV￿lo￿ae￿Vth{es ofthe Dg800ioll￿1rt0rdErio rneel¢urroAt ¢Adltur4 a¥wellai 62tting￿l￿O IlJhdsforilltLwed¢yolopmenL Charlty comtyl55io￿ ttvstee reqlliVÈittent All w AswiationcornmiitycmwbersvkTr8dvj￿ 0fthe￿re$0fJn￿l￿llltlelO5rnÈ￿￿s￿8Itus[w AndhI￿ appToPtiale￿tInCAtfOtsn￿. R*¢rultsllellt xnd8ppoIM¢ty*b¢of HoldtDgTrust¢eu Th￿tru￿Pe￿51￿lbotloQWdbytheeOThm7tyec1lldt￿oySb￿ITe5P2Gtiy￿yho7d oJfi¢tstsntil dcRth orT￿18n￿ti0n.UnItss reInTr￿dfroM0ffI¢QbYrcsdllÉ[on ofthe eoraJtrill¢¢. Th0rtumb•rofHoldingTrL￿c￿ shÈl1b2llOtmDRthart5Jx￿ A￿t￿5¥ . th￿fOUr. org%￿18￿11￿n 5truclurg ThoCornmuDityAs￿C18tIOn ¢ounGiI l¥nTrad¢upOicEnlrcwl¢ipalingBrwprep￿¢￿rat￿lndSryeq￿1] numborof ombersvotsa that￿AGm.E3Eb mwub¢rofth¢¢o4n¢ll l¥aMaD3gingThst¢tsand*lBni ad￿l￿rAtiO￿a¢￿optltigthIir resp￿ls1b￿￿ktfhEstartOfeHChyeBc.ThsExètsut￿ecOnYDIWtt 1$ form¢d this Co)JnGiI. AE m*ntlOllEdinnrts IS. th¢LeecorrimunityAss0oi&tiL￿sts￿￿laub WithirylhèuioNatw4Eontrol, rUnslh¢bÈrf￿1lltyll evEnts ikn¢rl 31Nh Seplemb¢r2024whlGb irqsE¢puton pagps6 to 15. RE8PEcfivE RfSPONSIBILTfiKs OF THE TRUSTKKSAND EXAMllYER BrerowTh8iblF forthcwparnt1￿ofthC È¢¢ount$ bDdlhEycon3id¢rlhal audit13rt01 re4uhtd forthis yearLnd¢rSuEfion 144121 LTrflh¢ ChKiliesA¢i2022 Ilhe2022 A¢tl End Ihrfon indtpendcntexamiiiallon is pormls¥blE. Havittgilti¥fiÈdoNr8￿¥e51￿8tlhO¢hAttty IJ notsublt¢ttO4Lbudi*gnd i¥eli&bloforindep¢tht ¢xami￿li0Th. iti¥our r¢sPtbn3ibiltyto.' EXAmintthe Attoumts￿￿aerStÈt[￿i 145 ￿ft￿?2￿}ZACI. ffyllow tho proetdNreJ doFrn ill thEgeneTRI DiTC4tiDM3glvM bythtehtsrity Com￿135[￿￿ und¢r ietl10￿ 145(4(bl ufthe2022 A 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 iThhI￿d 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 U￿re￿(rIctert Qenerdl fi]nd SoaiRI Club. GènprAlfvnd Deylgllated folld 162,858 f2Y2,3J6J 245.446 JQ7,205 £162,8S8 £J20,335 ThcfinonciaI $tatr]wts wercapproved bytbebogrd o and Si￿led On itBbEhalf by.. Mr Stepben Browj) ChatrJDan LEE-ON-THE-SOLENT COMMUNITY ASSOCIATION STATF,MENT OF CASH FLOWS VOR TItE ￿REr￿DED 30TH SEPTEMBER 2024 Z4 NJtT CASH FLOWPROVIDED BY OPERATING ACTIVITIES I I I 14069 (4.716) CASH FLOWS FROM INVESTINC ACTIVITIES Inlcrutrei¢Thrd 33 CASHFLOWS FROMFtNANCING ACTIVTfIES FixedA￿ladi¢i0ns {5,474) NET CASH FLOW Nyf CASH FLOW WOR THE Y&AR Chan8e in cashllnd cash e4UiV81ents Inihe year f4.683) Cath atKI cHsh equivglents at the stsn of Iheyear 13.018 Cfjh Bnd ¢o¥h equlvalents #t thetLd of iheyear 12} &33J NOTES TO THK CASH FLOW STATEMF,NT FOR YEAR ENDED 3mi SETPEMBER 21)23 I NEf CASH ￿Law PROVIDED BY OPERATING ACTIVITIFS NetrnovtmEnt in funds for theyear InterestTt£eivcd Depre¢ifjiion (Increas¢lldecre85e in stocks (Tn¢re8s¢yde¢re￿e in debto Incroaselldecrtasel in GtredilorJ (7,4781 1681 19,589 11,1331 S947 4881 f774) f33) 20,844 58) 11.162) r23.533) (4.7JOJ I ANALYSIS OF CASH AND CASH XQUIVALENTS Cash &t bAtd( in hgnd 17,298 8,335 LEE-ON_THE.SOLE4 NT COMNWNITY ASSOetATION NOTES TO THE FINANCIAL 8TATEMENTS FOR THE YEAR fiNDED JOTH SfiPTEI MJIER 2024 i AccouKriNG POLICJLS l.1111*i1s of pr¢pnratioh of fln*noia151gi¢mtnls The fin4nclal 51Btrm¢n15 IIBY¢bccn in4ccorQKnce ivith Ihe ChAr￿[leS SORPIFR$ 102)-Acwniin8Bnd Rwrtin8 byChRrhles.. stsiemgnlofRrcomm¢hdedPraCilc¢*p￿lC￿6]?tfj (hgrfii¢3 Iheira¢¢ounls In AC¢￿￿￿￿¢¢wI1h the ￿￿¢1￿1 ReportingSthndÈrd gpp]ieBble in Ihe UK4nd Republi¢oflrelond (FR% 1021 IclTecilve l Janugry24191,tht nan¢iAI sid￿￿1 hpplieable inlhe UKRnd R¢publi¢ol'lrcland IFRS 1021 a￿th¢chanti￿AC120ll. LthOn.Th>Sd¥ntCixnmMnityAu(*SThtion mr¢isthe definilion ofa ￿blIci￿ner1l¢MItY under FRS 102. As￿tsand 1labtli￿lS tre in1liullywo8rt￿tdllI hi$tOricol wstOrtrAnsa¢¢lon knnk854lhctWi%Slalcd inilie tElevaDiiUthntin$ prAtoy. i.t2 Fund a￿￿￿11￿% GenetNI thAth4reuhr¢Jtri¢t¢d fuTthiYhlth or¢avallaNe forwe illhE dsEr¢tsonoftheTrJsthE5 in funhtMnceofth¢ gcJJeral obj¢diYe4ofthc thirity and whi¢h have noibeen for0￿rp￿￿C8. De￿￿9¢edfvnds ttmnpllae unre51rlcteOfvTththat hÈv¢ be￿￿eta￿ld¢ by th¢Trnstces fvpartlculAfputfW8.The useof fundBtEseloul in thenote5t0thefii￿rytt￿￿l sthtcmcnts. R¢#riet¢d funds BrttfjJlldsNhi¢h aret¢ br u¥cd in iec¢Kdan￿￿￿lhSPeO]fic IEstiY¢tlOn3 Impo￿dbY&mo￿sorlVhIch h&ve bevn rpi5edbythEChtJityfvwicularwp)se4 The¢uslsofNisln8 ￿d￿(hIn1&tthn￿￿Uth veeh1r￿ AB￿A$¢the 5PEdfic fvnd. l.jj All Income Is ￿e￿O￿nISed On￿1heCh41atykn￿ ElltillemEnito Ih¢Trthm¢. 11 li prob?blothrtth¢lnwrnewlll be r￿&ved Bnd th¢ArnDunlofirtcDM¢ r¢ceivfjbl¢ C￿be meosured rellably. lor*n* tax retvyerdblt in rdallon tDdonAiionsre¢eived underGIttAidoFd¢cthofco¥enw4 IsrewiKd attheiTheot'th¢ ￿t￿Tr. 1.14 Eipetsdityye E%pEnthtkn￿ 13 rccwI5rdon¢rthcrc 15 Ilwl (￿COnStrUcifv¢￿)III8l￿)n totrattifere