we Community Assodatlo Charity No. 278768 Trustees, Report with Independent Examiners Report and Flnancial Statements 30June 2024
Wecock Communlty Assodation Trustee5 Annual Report The trustees present their report with the unaudited financial statements of the charity for the year ended 30 June 2024. REFERENCE AND ADMINISTRATIVE DETAILS Charlty No. 278768 Prlncipal Office The Acom Centre 3 The Kestrels, 76 Eagle Avenue Wecock Farm Waterlooville P08 9GX Trustees The following trustees served duringthe year. Ann Waters Simon Waters Ange Pennell Marie Jane Hattersley Michelle La Brow Steve Powell Gillian Patterson (resigned November 20231 Ire5igneil November 20231 {appointed November 20231 lappointed November 20231 Dave Heap Carl Morgan A¢countsnts SHCA Limited 87 London Road Cowplain Waterlooville P08 8x8 OBJEcfivES AND AcrilEs To promote the benefit of the inhabltants of Hart Plain & Wecock area in the Borough of Havant, and the neighbourhood without distinction of sex or of political, religious or other opinions by associating the local authorities, voluntary organis*ions and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the objert of improving the conditions of life for the said inhabitants. To establish or to secure the establishment of a ommunity centre and to maintain and manage, orto c&operate with any local statutory avthority in the maintenance an(i management of such a centre for artivities promoted by the association and its constituent bodies in furtherance of the above objects. The trustees confirm that they have referred to the guidart contained In the Charlty Commi5slon's general guidan on public benefit when reviewing the chariws aims and objectives and in the planning future activitie5. The trustees refer to public benefit throvghout thi5 report. Page I
Wecock Community Assodation Trustees Annual Report ACHIEVEMENTS AND PERFORMANCE Another incredible yearl One full of victories and d)allenges, maybe we can't have one without the other. There are many highlights.. Having fundraised for the role of a mental health and wellbeing worker we were able to advertlse. interview and offer the job to Beth Carr. She Started in this role in September 23 and we have not looked back since then. There are so many comments froffl friends in thè communtty who have benefited from the offer of free and easily accessible ment81 health support. 81115 Lake is looking beautiful hawng been cared for by an amazing group of volunteers. Fishing workshops have been run for both children and adults at the lake. There are plans afDOt for a secret Barden but more of that next year. Forest School Is thriving and provides the perfett setting for many children who stTuggle in the more traditional classroom settin8. It is running at the lake, in Woodcroft Primary school, Hartplain Junior school and Cowplain Secondary school. There is constant request to increase what we can ofFer to local Schools, the home schwl community and our own community. Again. there are changes afoot and we will be growing tho team over the coming year. The People's Shed is now running twice a week and has become a hub of activity where new skills are learnt, friendships built and hope rekintlled. Please do join the shed on a Wednesday after 10am and meet some of the people who are the back bone of what is happening there. Again, there are plans to develop this fisrther over the coming year. Gardening. The raised beds have been buitt and lots of hard work. planting and regular watering have meant we will be harvesting vegetables and fruit In the coming month5. Alans poly tunnels have kept the seedlings Safe. Thankyou to thè crew who have worked so hard to make this happen. The front garden 15 also looking fabulous with new trellis and fencing made in the workshop. W3rmer space5 started in the winter months as people struggled to afford heating and could come to a safe, warm and welcoming place with hot food. This became a beaLrtiMI group of friends and continued through the summer and back into the winter. Table top sales and seasonal fares are now established as a way to increase our income. We are having to be creative in finding ways to make money as room hiring has dropped off. Thankyou to Dana for making this happen. Men's so¢ial evenings and Ladies pamper nights continue to happen, drawing people together and creatin8 safe places to be built into the wider community. Children's holiday activities and free lunches have been amazin& all run in partnership with Y Services and their beautiful tearn of dedicated workers. We have canoed, dimbed, crÈated, played sport. cooked, fished and so much more. Our Young Leaders have helped to run events and the weekly Youth Cafe and they continue to be some of the best people we have ever metl We absolutely love them. Toddlers is such fun with a fantastic and dedicated team of people running it every week. Such a privllege to be able to have this gTOUP for our tiniest friends and their grownups. Pa8e 2
Wecod( Communlty Associatlon Trustees Annual Report The big event5 of the year were as always so wonderful. The Christmas Party, the Christmas Light5 and Carols, the Easter Fun Day, the Summer Fayre. Each event having a big team ofvolunteer5 going out of their way to make it work for all. The Community Café is, as always, the hub of Acorn daily life. Thankyou to Keith and his team for keeping this happening and thriving. It is a place of training for those who love to learn and be Involved In catering. Thank you to our amazin8 trustees, who have helped to shape the way ahead and manage the financial challenges. Thank you to our dedicated staff team who go so far beyond what they are paid for, ¥ve deeply appreciate you. Thank you to our incredible volunteers, foryour creati¥ity and hard work.-.- You are world changers,. never stop making a difference here in our communityl There are good thing5 to come, there is so much hope for the coming year. May we continue to welcome the stranger into our midst no matter wherè they are from or the journey that led them here. Cheers to you all, wow and more...... FINANCIAL REVIEW On an artivity dlmension the Acorn Community Centre has continued tr) blossom an¢J benefit our Communlty. We continue to grow in our ability to 5UPPOrt and care for our neighbourhood. which you will read aboLJt in the Chairfs report. On a financial dimension. however, things are not so rosy. Last year I reported that we had recently lost our regular £10 per month grant from Hampshire County Countil. This year has seen more challenges as our utllities have rtsen by about £5,0( a year, wages by £9.OCK) and we've a150 committed to paying our wonderful mental health workeT (though we have fundraised to get her started). The Diabetic Eye Sireening service, who kept Us both open and financially aftoal through the COVID pandemic have now moved back to a cllnical setting 2nd we lose another £20.( in the rent that they paid. So where we had been just on the positive side of breaking even we are now losin8 about £3.0 a month, which, at our current rate of expenditure wlll see us have to stop in about 3 years. OUT choices are to either keep going, giving the maximum benefit that we can, while we can, or else streamline what we do and cut back on the support that we give our community. The trustees have agreed that we 11 continue to give the maximum for our community while looking for possible savingsi grants and income streams to keep us going so that the doors can stay open. We have many thoughts about how we can keep going. Funding bids have already been written. fundraising activities planned and advertising sent out but we need more. As a community we must keep our community ntre openl If you are able to rent our room5 or your workplace needs space, then please come to us. Whether itrs blrthday parties, clubs, work training events or classes, come and talk to 115. If you are able to get involved with wrttrng grant application5, come and meet us. If you enjoy a good charity shop, tome and get some bargain5. If you want to enjoy some home cooked food. come to our cafe. Your communiry centre needs youl SThUCTURE, GOVERNANCE AND MANAGEMENT The charity is controlled by its governing document, a deed trust, and constitutes an unincorporated charity. The Board regularly reviews the skn'lls and experien required to operate efficiently and effectively and has put in p13ce a process for the fecruttment of additional trustees. Page 3
Wecock Community Assodatlon Trustees Annual Report Statement of trusrees, responslbillties in relation to the financial statemertts The charity tru5tee5 are responsible for preparing a tru5tees' annual report and financial statements in accor(Jance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Tho tnJstee5 are responsible for keeping proper accounting records that disdose with reasonable accuracy at any time the finanaal position of the tharfty and to enable them to ensure that the financial statements comply with thè Charities Art 2CIII, the applicable Charities IAccounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for Safeguarding the assets of the charity and hence taking reasonable steps for the prevention and (Jetertion of fraud and other irregularitie5. Signed on behalf of the charity's trustees Simon Waters Trustee 20 November 2024 Page 4
Wecock Community Assoclatlon Independent Examiner5 Report Independent Examlner's Report to the trustees of Wecock Community Associati¢ll I report to the trustees on my examination of the financial statements of Wecock Community Association for the year ended 30 lune 2024. Responslbllltle5 and basbs of report As the charity's trustees you are responsible for the preparation of the financial ststements in accordance with the requirements of the Charities Art 20111'the Act'l. I report in respect of my examination of the tharity'5 flnancial statements carried out under section 145 of the 2011 Att and in carrying OLrt my examination I have followed all the applicable Directions given by the Charlty Commission under section 14515llbl of the Act. Independent examlner's statement I have completed my exafnination. I can conflrm that no materi31 matters have come to my attention in connection w1th the examination giving me cause to believe that in any material respect.. the accounting records wère not kept in respect of the charity a5 requirèd by section 130 of the Act: or the financlèl staternents do not atcord with those cOrds. or the financial statements do not comply with the applicable requirements concernin8 the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 28 other than any requirement that the financial Statements give a 'irue and fair, view which 15 not a matter considered a5 Part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to whith attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Stuart Hoare ICAEW SHCA Limited 87 London Road Cowplain Waterlooville P08 8XB 20 November 2024 Page 5
Wecock Communlty Assoaatlon Statement of Flnancial Activlties for the year ended 30 June 2024 Unrestrlcted funds 2024 RestrlctÈd funds Totsl fund5 Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Charitable artivities Other trading activities Investments 103.856 88,889 38,946 517 7,623 5,975 111,479 94,864 38,946 517 105,141 83,672 32,367 463 Total 232,209 13,597 245,806 221,643 Expenditure on.. Raising fund5 Charitable artivities Other 97,529 33,294 109,138 27,044 15,523 124,573 48,817 109,138 282,528 99,560 28,899 83,991 Totsl 239.961 42,567 212,450 Net gains on investments Net (expendlture)Ilncome Transfers between funds Net lexpendlturelllncom before other galn5lllossesl io 17.7521 128,9701 136.7221 9.193 17.7521 128,9701 {36,7221 9,193 Othèr galn5 and losses Net movement In funds Reconciliation of fund5: Total funds brought forward {7.7521 128.9701 136,7221 9,193 ICO,465 49,041 149,506 140,313 Total furtds carrled forward 92.713 20,071 112,784 149,506 Page 6
Wecock Community Assoclation Balance Sheet at 30 June 2024 Charlty No. 278768 2024 ZOZ3 Fixed assets Tangible assets 12 ii,oii ii,oii 9,313 9,313 Current assets Debtors Cash at bank and In hand 13 16,768 256,219 272,987 1171,2141 101,773 13,438 261,928 275,366 1135,1731 140,193 149,5Q6 Credltors: Amount falling due within one year Net current assets 14 Total assets less current liabllities Net assets exdudlng pensiott asset or liablllty 112,784 112.784 149,506 Totsl nel a55ets 112,784 149,506 The funds ol the ¢harlty Restrlrted funds Restrirted income fund5 15 20,071 20,071 49,041 49,041 UnrestYi¢ted funds General funds 15 92,713 I(,465 92,713 100,465 Reserves 15 Total funds 112,784 149,506 Approved by the tTUStees on 20 November 2024 And signed Dn their behalf by.. Ann Waters Trustee 20 November 2024 Page 7
Wecotk Communlty Assoclatlon Notes to the Accounts for the year ended 30 June 2024 l A(untIng polldes Basls of preparation The financial statements have been prepared in accordance with Statement of Recommended Practice: Accountlng and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 i55ued on 16 July 2014 and the FSnancial Reporting Standar¢J applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Art 2011. Fund accountlni Unrestricted funds These a available for use at the discretion of the trustees in furtherance of the general objects of the charrty- These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestritted funds which include a revaluation reserve representing the restatement of investment assets attheir market values. These are available for use subject to restrirtions imposed by the donor orthrough terms of an appeal. Designated funds Revaluation fund5 Restricted funds Income Recognltion of income Income is included in the Statement of Financial Activities ISOFAI when the tharity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the Income and related expenditu Is expenditure reported gr05s in the SOFA. Oonations and legacie5 Vo1unt3ry income received by way of grants, donation5 and gifts 15 included in the the SOFA when receivable and only when the Cfftarity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated 5ervlces These are only included in income (with èn equivalent amount in expenditure) and faclllties where the benefit to the Charity is reasonably quantifiable, measurable and material. VolLJnteer help The value of any VDlunteer help received is not included in the account5. Investment income This is included in the accounts when receivable. Gain5lllossesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. a55ets Gainslllossesl on investment a55ets This indudes any gain or loss on the sale of investments. Page 8
Wecock Community Assoclati¢n Notes to the Accounts Expenditure Recognition of expenditure Expendlture is recogftised on an accruals basis. Expenditure Include5 any VAT which cannDt be fully recovered. and 15 reported as part of the expenditure to whith It relates. Expenditure on These comprise the costs associated with attracting voluntary income, fvndraising raislng funds trading costs and investment management cost5. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable act1vleS serViS in the fvrtherance of its objects, including the making of grants and governance costs. All gnt expenditure is accounted for on an artual paid basis plus an accrual ft)r grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs assoaated with meeting the constitutional and statutory requirements of the Charity, including any auditlindependent examination fees, cost5 linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support Costs not allocate¢J to a particular activ¥ty. Grants payable Governance costs Taxation The charity is exempt from tax on its charitable activitie5. TaDÈlble fixed assets and depreci•tlon Depreciation 15 provided at the followng anftual rates in order to write off each asset over its estimated useful life- Fixtures and fitlngs IO% reducing balance Trade and other debtors Trade and other tlebtors are reccEnised at the settlement amount due after any trade discount offered. Prepayments are valueé at the amount prepaid net of any trade discounts due. Cash and cash equlvalents Cash and c3sh equiv3lents comprise cash at bank and on hand, demand dep051ts with banks and other short-term highly liquid investments wrth original maturities of three months or less and bank overdrafts. In the statement of financial p051tion, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of ljank overdrafts that are repayable on demand and fomi an integral part of the company's cash managèment. Trade and other credftors Short temi creditors are measured at the transaction prlce. Othèr ueditors and prtsvisions are recognised where the charity has a present obligation resulting from a past event that will probably re5uSt in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts dve. Receipt of donated goods, facilltle5 and ser¥lce5 All donated goods, f3cilities and servicos receiveil are recognlsed within incoming resources 2nd expenditure at an estimate of the value to the tharity. Page g
Wecock Communlty Assodatlon Note5 to the ktounts 2 Statement of Financlal A¢tlvltles- prlor year Unrestrirted fvnds 2023 Restrirted funds Totsl funds 2023 2023 Income and endowments from.. Donatlon5 and legacies Charitable actlvities Other trading activltles Investments 94,891 78,370 32,367 463 10,250 5,302 105,141 83,672 32,367 463 Totsl 206.091 15,552 221,643 Expendlture on: Raisin8 funds Charitable activities 99,560 18,884 83,991 99,560 28,899 83,991 10,015 Other Total 202,435 10,015 212,450 Net In¢ome 3,656 5,537 9.193 Net Income before other galnsl{Ios5esl Other galns and losses: Net movement In funds 3.656 5,537 9,193 3,656 5.537 9,193 Re¢on¢lllatlon of funds: Total funds brought forward Total funds carried forwaid 96,810 43,503 140,313 I,466 49,040 149,506 3 In¢orne from donati¢ms and legacies Unrestsirted Restricted Totsl 2024 Total 2023 HCC 8rant Henry Smith, Tudor Trust and the Lottery Extension funding Other grants 9,2 78,798 78,798 63,117 7.623 17.435 103,856 7,623 25,058 111,479 7,623 7,623 33,D22 105,141 4 Income from charltable actiyltles Unrestrl¢ted Restricted Total Total 2024 2023 Lettings income Sundry 67,791 21.098 67,791 27,073 94,864 72,560 11,112 83,672 5,975 5,975 88,889 Page 10
Wecock Community Association Notes to the Accounts 5 Income from other trading activitles Unrestrlcted Total Total 2024 2023 Charity Shop Income Cafe income 3,932 30,372 4,403 239 3,932 30,372 4,403 239 2,607 24,237 3,278 2,245 32,267 Cans and snack5 Ebay sales 38,946 38,946 6 Inwme frorn Investments Vnrestrfrted Total Total 2023 2024 Bank interest 517 517 463 517 517 463 7 Expendlture on raising funds UnrestrlLted Reslrlcted Totsl Total 2024 2023 Costs of generoting voluntory Income Henry Smith, Tudor Trust and the Lottery 37,382 27,044 64,426 60,989 Other grants FundrG¢ising troding costs Cafe income 27,044 27,044 9,342 30,052 3,032 19 30,052 3,032 19 26,201 2,708 320 Cans and snad(s Ebay sale5 97,529 27,044 124,573 99,56D 8 Expenditure on charitable activlties Unrestrlrted Re5trided Total Total 2023 2024 Expenditure on churitable ortivlties Sundry Govemt7nce costs 33.294 15.523 48,817 28,899 33,294 15,523 48,817 28,899 PaEe 11
Wecock Communlty Assodatlon Notes to the A¢¢ounts 9 Other expendlture Unrestricted Total Total 2024 20Z3 Employee c05ts Motor and travel costs 71.299 177 71.299 52,511 452 177 Premises costs Amortlsation, depreciation. impairment. profit/1055 on dlsposal of fixed assets General administrative costs Legal and professional costs 25,053 25,053 20,546 1,223 1,223 1,035 10.218 10,218 1,168 109,138 8,229 1,218 83,991 1,168 109,138 10 Net lexpendlturelllncome before transfers 20Z4 2023 This is stated after charging.. Depreciatlon of owned fixed a55ets li stsff costs 1.223 1,035 2024 2023 Salaries and wages 70.686 70,686 52,164 52,164 No employee received emoluments in excess of £60,OX). The average monthly number of full tlme equiwalent employee5 during the year was as follows: 2024 2023 Number Number Administration & general Charitable activities ia io Page 12
Wecock Community Associatlon Notes to the Accounts 12 Tanglblè flxed assets Flxtures and fftlngs Total Cost or revaluatlon At I july 2023 Addition5 At 30 June 2024 Depreciatlon and impairment At I july 2023 Depreciation charge for the year At 30 June 2024 61,709 2,921 64,630 61,709 2,921 64,630 52,396 52,396 1,223 1,223 53,619 53,619 Net book values t 30 lune 2024 At 30 June 2023 13 DEbtors ii,oii 9.313 ii,oii 9,313 2024 2023 Trade debtors Prepayments and accrued income 11,282 5,486 16,768 8,119 5,319 13,438 14 Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals Deferred income 9,692 1.026 160,496 171,214 1,633 975 132,565 135,173 Page 13
Wecotk Communlty Asso¢latlon Notes to the Accounts 15 Movement In funds At ljuly 2023 Incoming resources Resour5 expènded At 30 June 2024 RerIcted funds: Rèstrlrted Income funds: Ladies, Nl8ht Men's Night Christmas party & caro15 Community sport Holiday AttlVitie5 Job club Family Night Football DI Project Lunch Clubs Funds The Acorn Peoples Shed G3rden Club Youth Cafe Re 8randlng Little Acorns Quiz Night Project Funding Well Bèing Worker Warmer Spaces Table Top Sales 80s Day Event 465 62 527 2,329 713 3,308 846 19791 11331 11661 13701 1,177 624 I,oii 254 15 15 389 liooi 289 712 781 632 812 10.069 1521 12541 110.0481 558 21 98 2,299 631 139 98 2,506 631 12071 517 132 13781 1281 17,0141 110.1601 104 3,939 2,740 2,577 400 10,953 12,9(X) 2,353 224 66 66 Total 49,041 920 129.8891 20,071 Unrestricted funds: General funds I[,465 232,209 1239,9611 92.713 Total funds 149,506 233,128 1269,8501 112,784 Purposes and restrictiuns in relation tothe funds: Restricted funds.. Ladles. Nltht: Local Ladles taking part in arts and crafts, pamper treatments and enjoy a two course meal with tea and coffee. Men's Night: Local Gentleman taklng part in 8ames like pool, darts, scaletrix, Wii consoles and enjoy a two course rneal with tea and coffee. Chr15tmas Party and Carols: The Christmas season is celebrated with a party for the U135 and an evening of Carols with the turning on of the Christmas lights with hot ChoIate an(1 mince pies, and an arted Nativity play. Page 14
Weco¢k Communlty Associatlon Notes to the Accounts Communlty Sport: Funds to purchase 5POrtin@ goods and have experience days for local people. Hollday ArtIe$. Thi5 funds activtties for children during half terrns and Summer and Eastef holidays where children can come and get a free lunch and take part in activities from cooking to crafts to garnes. In the Summer holidays trips are also arranged to go canoein& exploring and other outdoor activitie5. Job Club: These are funds left over from when the Mental Health Worker's room was an suite and there were sessions run to assist those looking for work. Two Pts remain In the reception area for people to use and members of staff are available to assist if needed. Family Nlght: Local familie5 coming together and putting electrical ttems dDwn to spend time as a family enjoying games, nibbles and generally having fun. Football.. To purchase football kits and equipment. To train the youth in the necessary skills to play matches with the possibility of away games travelling to S aslde pitches and other outings. DJ Projèct: To up skill the young vtslunteers who will DJ forthe local communlty at their parties for les5 than what actual Dj's charge. Lunch Club Funds- To provide 3 staffed room for the local and beyond people and supply a two course meal with tea and coffee with entertainment. With the p055ibility of an outing once or tv4i¢e a year. The Acorn People5 Shed: These funds help support the People's Shed aka Communtty Workshop. a space that the Assclciation has built at the back of the Centre that is kitted out with wood working equipment. its purpose is to draw together those who feel isolated. who are out of work, who wantto learn new skills orjust enjoy the smell of sawdust. Garden Club: To provide home grown vegetables to the local cornmunty and the Aviary Cafe and to up skill the locals and encourage people to grown their own produce. Youth Cafe: To give the youth of taY somewhere safe to be, recuing anti social behaviour. Improve their well being and share skllls learning to be a team and sample new things. Re Brandin8: To provide volunteers with tshirts and lanyar(Is which dlstinguishes them when events are provlded to the ¢Dmmunity. Uttle Acorns: To provide a preschool playgroup with activities & crafts including a snack and for the parents to socialise and Share eXperIenS and problems including a snack and gives parents and carers an opportunity to socialise and Share experiences and problems. Qulz Nlght: To provide 3 Social event and built friendships and family and build friendships and a sense of community. Page 15
Wecock Communlty Associatlon Notes to the COUnts Project Fundlng: We have had funds come from government to help with the ¢ore costs and food provision in our communlty and to support groups going forward. Wellbelng Worker: We have hired a Mental Health and Wellbeing worker who offers l.'I sessions for those who live on the estate, creates settings for local people to come and get involved and reaches out to those in the aTea wlth the purpose of improving mental health. Warmer Spaces: To provide a warm and safe place, with food and drink, for familie5 and individuals to come to in the colder parts of the year to hèlp combat ri5in8 fvel bills and reduce isolation. Table Top Sales: This is a new venture to help increase the income of the Acom cent and help keep the lights on! 80 years on event: Funds gathered at an event to lebrate 80 years since D-Day. Designated funds.. 16 Analysls of net a55ets between funds Unrestrirted funds Total Fixed assets ii,oii 101,773 112,784 ii,oii 101,773 112,784 Net current assets 17 Reconclllation of net debt At l Jvly 2023 At 30 June Cash fk>ws 2024 Cash and cash equivalents 261,928 261,928 15,7091 15,7091 256,219 256,219 Net debt 261,928 15,7091 256,219 Page 16
We¢ock Community Associatlon Statement of Cash flows for the year ended 30 June 2024 2024 2023 Cash flows from oper?ng actiyltles Net lexpendlturellincome per Statement of Finandal Attlvltl8s 136,7221 9,193 Adjustments for: Depreciation of property, plant and equlpment Dlwdend5, Interest and rents from investments Other gain5110sses Increase in trade and other receivables IncreasellDecreasel in trade and other payables 1,223 15171 1,035 14631 13.3301 8.110 13371 13161 Net cash (used Inllprovided by operdtlng actlvltles 131,2361 9,112 Cash flows from Investlng acilvities Payments for property, plant and equipment Dividends, interest and rents from investments 12,9211 517 463 Net cash lused Inllfrom investin8 artrrfllles 12,4041 463 Net cash from tlnanclng actlvities Net {decrease)Ilncrease In cash athd cash equl¥alents 133,6401 9,575 Cash and cash 4uivalents at the beglnning of the year 261,928 261,796 Cash and cash equlvalents atthe end of the year 228,288 271,371 Components of Cash and ¢ash equlvalents Cash and bank balances 256,219 261.928 256,219 261,928 Page 17
Wecotk Community Associatlon Detailed Statement of Flnandal Artlyltles for the year ended 30 June ZOVI Unrestrlrte d funds Restrirted funds 2024 Total funds 2024 Totsl funds 2023 2024 Income and endov4Tments from: Donations and legacies HCC grant Henry Smith, Tudor Trust and the Lottery Extension funding Other grants 9,002 78,798 78,798 63,117 7,623 17.435 103,856 7,623 25,058 111,479 7,623 7.623 33,022 105,141 Charitable artivities Lettings income Sundry 67.791 21,098 88,889 67,791 27,073 94,864 72,560 11,112 83,672 5,975 5,975 Other trading activities Charity shop income Cafe income Can5 and snacks Ebay sale5 3.932 30,372 4,403 239 3,932 30,372 4,403 239 2,607 24,237 3,278 2,245 32,367 38,946 38,946 Investments Bank interest 517 517 463 517 517 463 Total income and endowments 232,209 13,597 245,806 221,643 Empendlturè on: Costs of generatlng donations and legacies Henry Smfth, TudorTrust and the Lottery Other grants 37.382 27,044 64.426 60,989 27,044 64,426 27,044 91,470 9,342 70,331 27,044 Costs of other trading activitles Cafe incorne Cans and snad(s Ebay sales 30,052 3,032 19 30,052 3,032 19 26,201 2,708 320 29,229 33,103 33,103 Total of expendlture on ralslng funds 97,529 27,044 124,573 99,560 Charitable artiwities Sundry 33,294 33.294 15.523 15.523 48,817 48,817 28,899 28,899 Page 18
Wecock Community As50clatlon Detalled Statement of Flnancial Activities Total of expendlture on charitable acti¥ltles 33.294 15,523 48,817 28,899 Employee costs Salarie5/wages Staff training Staff welfare 70,686 516 70.686 516 97 52,164 240 97 107 71,299 71,299 52,511 MotDr and travel costs Travel and subsistence 177 177 177 452 177 452 Premises costs Water rates 3.222 15,698 4,380 3,222 15,698 4,380 2,178 12,688 3,841 Light, heat tiower Premlses cleaning Premises repair5 and maintenance 213 213 1,536 Other premises costs 1,540 25,053 1,540 25,053 303 20,546 General admlnistrative costs, including depreciation and amortisation Depreciation of Fixtures and flting5 Bank tharges Equlpment leasing and hire charges Equipment repairs and maintenance General insurances Postage and couriers Software, IT support and related costs Stationery and printing Sub5crlptions Sundry expenses Telephone. fax and broadband 1.223 1,223 1,035 432 432 378 1,177 695 695 481 6,174 6,174 3,902 278 278 735 735 256 752 752 625 192 192 158 958 958 11,441 1,252 9,264 11,441 Legal and professional costs Auditllndependent examination fees Other leg31 and professional costs 1,054 1,054 969 114 114 249 1,168 1,168 1,218 Total of expendlture of other $ts Totsl expendlture Net gains on investments 109.138 109,138 83,991 239,961 42,567 282,528 212,450 Page 19
Wecock Community A5$0clatlon Detalled 5tstÈment of Financlal A¢tlvhles 9,193 Net lexpendlture}lincome (7,7521 128,9701 136,7221 Net lexpenditurellincome before other gainslllosses) other Gains 17,7521 128,9701 36.7221 9,193 Net movement In fund5 17.7521 128,9701 136,7221 9,193 Reconciliatlon of funds.. Total fund5 brought forward I¢XJ,465 49,041 149,506 140,313 Total lun(Ls carried forward 92,713 20,071 112,784 149,506 Page 20