2025-06-30-accounts - Wecock Community Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Wecock Community Association

Charity No. 278768

Trustees' Report with Independent Examiners Report and Financial Statements 30 June 2025

Wecock Community Association Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 30 June 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 278768

Principal Office

The Acorn Centre 3 The Kestrels, 76 Eagle Avenue Wecock Farm Waterlooville PO8 9GX

Trustees

The following trustees served during the year:

Ann Waters Simon Waters Megan Hales Dana James Dave Heap Carl Morgan Ange Pennell Mrs M La Brow Marie Hattersley

Accountants

SHCA Limited 87 London Road Cowplain Waterlooville PO8 8XB

OBJECTIVES AND ACTIVITIES

To promote the benefit of the inhabitants 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 organisations 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 object of improving the conditions of life for the said inhabitants. To establish or to secure the establishment of a community centre and to maintain and manage, or to co-operate with any local statutory authority in the maintenance and management of such a centre for activities promoted by the association and its constituent bodies in furtherance of the above objects.

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in the planning future activities. The trustees refer to public benefit throughout this report.

Page 1

Wecock Community Association Trustees Annual Report

ACHIEVEMENTS AND PERFORMANCE

Please provide

FINANCIAL REVIEW

Please provide

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is controlled by its governing document, a deed trust, and constitutes an unincorporated charity.

The Board regularly reviews the skills and experience required to operate efficiently and effectively and has put in place a process for the recruitment of additional trustees.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts 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 detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

Simon Waters Trustee 09 October 2025

Page 2

Wecock Community Association Independent Examiners Report

Independent Examiner's Report to the trustees of Wecock Community Association

I report to the trustees on my examination of the financial statements of Wecock Community Association for the year ended 30 June 2025.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of ICAEW.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Stuart Hoare A.C.A. ICAEW SHCA Limited 87 London Road Cowplain Waterlooville

PO8 8XB 09 October 2025

Page 3

Wecock Community Association Statement of Financial Activities

for the year ended 30 June 2025

Unrestricted funds	Restricted funds	Total funds	Total funds
2025	2025	2025	2024
£	£	£	£

141,823	5,017	146,840	111,479
58,568	4,735	63,303	94,864
50,056	-	50,056	38,946
440	-	440	517
250,887	9,752	260,639	245,806

127,292	-	127,292	124,573
4,217	12,543	16,760	48,817
117,935	-	117,935	109,138
249,444	12,543	261,987	282,528
-	-	-	-
1,443	(2,791)	(1,348)	(36,722)
-	-	-	-
1,443	(2,791)	(1,348)	(36,722)

1,443	(2,791)	(1,348)	(36,722)

92,713	20,071	112,784	149,506
94,156	17,280	111,436	112,784

Page 4

Wecock Community Association Balance Sheet

at 30 June 2025

Charity No. 278768 Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors:Amount falling due within one year 14 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 15 Restricted income funds Unrestricted funds 15 General funds Reserves 15 Total funds	2025 £ 9,910 9,910 28,582 184,094 212,676 (111,150) 101,526 111,436 111,436 111,436 17,280 17,280 94,156 94,156 111,436	2024 £ 11,011
		11,011 16,768 256,219
		272,987 (171,214)
		101,773 112,784
		112,784
		112,784
		20,071
		20,071 92,713
		92,713
		112,784

Approved by the trustees on 09 October 2025

And signed on their behalf by:

Ann Waters Trustee 09 October 2025

Page 5

Wecock Community Association Notes to the Accounts

for the year ended 30 June 2025

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income 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 expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity 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 services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 6

Wecock Community Association Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and fitings 10% reducing balance

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result 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 due.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 7

Wecock Community Association Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Peoples Trust & Mental Heath worker Tudor Trust Extension funding Other grants 4 Income from charitable activities Lettings income Sundry	Unrestricted £ 52,462 69,715 - 19,646 141,823 Unrestricted £ 57,276 1,292 58,568	Unrestricted funds 2024 £ 103,856 88,889 38,946 517 232,209 97,529 33,294 109,138 239,961 (7,752) (7,752) (7,752) 100,465 92,713 Restricted £ - - - 5,017 5,017 Restricted £ - 4,735 4,735	Restricted funds 2024 £ 7,623 5,975 - - 13,597 27,044 15,523 - 42,567 (28,970) (28,970) (28,970) 49,041 20,071 Total 2025 £ 52,462 69,715 - 24,663 146,840 Total 2025 £ 57,276 6,027 63,303	Total funds 2024 £ 111,479 94,864 38,946 517
				245,806 124,573 48,817 109,138
				282,528
				(36,722)
				(36,722)
				(36,722) 149,506
				112,784
				Total 2024 £ 46,173 41,616 7,623 16,067
				111,479
				Total 2024 £ 67,791 27,073
				94,864

Page 8

Wecock Community Association Notes to the Accounts

5 Income from other trading activities Charity shop income Cafe income Cans and snacks Other activities income 6 Income from investments Bank interest 7 Expenditure on raising funds Costs of generating voluntary income Peoples Trust & Mental Heath worker Tudor Trust Other grants Fundraising trading costs Cafe income Cans and snacks Other activities income 8 Expenditure on charitable activities Expenditure on charitable activities Sundry Governance costs	Unrestricted £ 4,217 4,217	Unrestricted £ 3,448 26,917 6,974 12,717 50,056 Unrestricted £ 440 440 Unrestricted £ 10,789 62,482 - 29,030 4,063 20,928 127,292 Restricted £ 12,543 12,543	Total 2025 £ 3,448 26,917 6,974 12,717 50,056 Total 2025 £ 440 440 Total 2025 £ 10,789 62,482 - 29,030 4,063 20,928 127,292 Total 2025 £ 16,760 16,760	Total 2024 £ 3,932 30,372 4,403 239
				38,946
				Total 2024 £ 517
				517
				Total 2024 £ - 64,426 27,044 30,052 3,032 19
				124,573
				Total 2024 £ 48,817
				48,817

Page 9

Wecock Community Association Notes to the Accounts

9 Other expenditure

9	Other expenditure
		Unrestricted	Total	Total
			2025	2024
		£	£	£
	Employee costs	74,713	74,713	71,299
	Motor and travel costs	303	303	177
	Premises costs	29,823	29,823	25,053
	Amortisation, depreciation,
	impairment, profit/loss on	1,101	1,101	1,223
	disposal of fixed assets
	General administrative costs	10,638	10,638	10,218
	Legal and professional costs	1,357	1,357	1,168
		117,935	117,935	109,138
10	Net expenditure before transfers
		2025		2024
	This is stated after charging:	£		£
	Depreciation of owned fixed assets	1,101		1,223
11	Staff costs
		2025		2024
	Salaries and wages	74,286		70,686
		74,286		70,686
	No employee received emoluments in excess of £60,000.
	The average monthly number of full time equivalent employees during the year		was as follows:
		2025		2024
		Number		Number
	Administration & general	7		7
	Charitable activities	3		3
		10		10

Page 10

Wecock Community Association Notes to the Accounts

12 Tangible fixed assets

Cost or revaluation At 1 July 2024 At 30 June 2025 Depreciation and impairment At 1 July 2024 Depreciation charge for the year At 30 June 2025 Net book values At 30 June 2025 At 30 June 2024 13 Debtors Trade debtors Prepayments and accrued income 14 Creditors: amounts falling due within one year Trade creditors Accruals Deferred income	2025 £ 22,747 5,835 28,582 2025 £ 2,868	Fixtures and fitings £ 64,630 64,630 53,619 1,101 54,720 9,910 11,011	Total £ 64,630
			64,630
			53,619 1,101
			54,720
			9,910
			11,011
			2024 £ 11,282 5,486
			16,768
			2024 £ 9,692
	1,075		1,026
	107,207		160,496
	111,150		171,214

Page 11

Wecock Community Association Notes to the Accounts

15 Movement in funds

Restricted funds: Restricted income funds: Ladies' Night Men's Night Christmas party & carols Community sport Holiday Activities Job club Family Night Football DJ Project Lunch Clubs Funds The Acorn Peoples Shed Garden Club Youth Cafe Re Branding Little Acorns Quiz Night Project Funding Well Being Worker Warmer Spaces Table Top Sales 80's Day Event Total Unrestricted funds: General funds Total funds	At 1 July 2024 527 2,329 713 1,011 254 15 289 781 580 558 21 98 2,299 631 139 104 3,939 2,740 2,577 400 66 20,071 92,713 112,784	Incoming resources (including other gains/losses) £ 495 46 616 - 2,085 - 104 78 - 3086 1000 - 203 15 340 - - - 454 1232 - 9,752 250,887 260,639	Resources expended £ (364) (108) (568) (1,011) (816) (15) - (191) (71) (3125) - (3) (436) - (332) (104) (2600) (1431) (1198) (103) (66) (12,543) (249,444) (261,987)	At 30 June 2025 £ 657 2,267 761 - 1,523 - 393 667 509 519 1,021 95 2,065 646 147 - 1,339 1,309 1,833 1,529 -
				17,280
				94,156
				111,436

Purposes and restrictions in relation to the funds:

Restricted funds:

Ladies' Night:

Local Ladies taking part in arts and crafts, pamper treatments and enjoy a two course meal with tea and coffee.

Page 12

Wecock Community Association Notes to the Accounts

Men's Night:

Local Gentleman taking part in games like pool, darts, scaletrix, Wii consoles and enjoy a two course meal with tea and coffee.

Christmas Party and Carols:

The Christmas season is celebrated with a party for the U13s and an evening of Carols with the turning on of the Christmas lights with hot chocolate and mince pies, and an acted Nativity play.

Community Sport:

Funds to purchase sporting goods and have experience days for local people.

Holiday Activities:

This funds activities for children during half terms and Summer and Easter holidays where children can come and get a free lunch and take part in activities from cooking to crafts to games. In the Summer holidays trips are also arranged to go canoeing, exploring and other outdoor activities.

Job Club:

These are funds left over from when the Mental Health Worker's room was an IT suite and there were sessions run to assist those looking for work. Two PCs remain in the reception area for people to use and members of staff are available to assist if needed.

Family Night:

Local families coming together and putting electrical items down 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 5 aside pitches and other outings.

DJ Project:

To up skill the young volunteers who will DJ for the local community at their parties for less than what actual DJ’s charge.

Lunch Club Funds:

To provide a staffed room for the local and beyond people and supply a two course meal with tea and coffee with entertainment. With the possibility of an outing once or twice a year.

The Acorn People's Shed:

These funds help support the People's Shed aka Community Workshop, a space that the Association 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 want to learn new skills or just enjoy the smell of sawdust.

Garden Club:

To provide home grown vegetables to the local community 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 today somewhere safe to be, recuing anti social behaviour, improve their well being and share skills learning to be a team and sample new things.

Re Branding:

To provide volunteers with tshirts and lanyards which distinguishes them when events are provided to the community.

Page 13

Wecock Community Association Notes to the Accounts

Little Acorns:

To provide a preschool playgroup with activities & crafts including a snack and for the parents to socialise and share experiences and problems including a snack and gives parents and carers an opportunity to socialise and share experiences and problems.

Quiz Night:

To provide a social event and built friendships and family and build friendships and a sense of community.

Project Funding:

We have had funds come from government to help with the core costs and food provision in our community and to support groups going forward.

Wellbeing Worker:

We have hired a Mental Health and Wellbeing worker who offers 1:1 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 area with the purpose of improving mental health.

Warmer Spaces:

To provide a warm and safe place, with food and drink, for families and individuals to come to in the colder parts of the year to help combat rising fuel bills and reduce isolation.

Table top sales:

This is a new venture to help increase the income of the Acorn Centre and help keep the lights on!

80 years on event:

Funds gathered at an event to celebrate 80 years since D-Day.

16 Analysis of net assets between funds

Analysis of net assets between funds
Fixed assets Net current assets Reconciliation of net debt Cash and cash equivalents Net debt	At 1 July 2024 £	Unrestricted funds £ 9,910 101,526 111,436 Cash flows £	Total £ 9,910 101,526
			111,436
			At 30 June 2025 £
	256,219	(72,125)	184,094
	256,219 256,219	(72,125) (72,125)	184,094
			184,094

17 Reconciliation of net debt

Page 14

Wecock Community Association Statement of Cash flows for the year ended 30 June 2025

Cash flows from operating activities Net expenditure per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Other gains/losses Increase in trade and other receivables (Decrease)/Increase in trade and other payables Net cash used in operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from/(used in) investing activities Net cash from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2025 £ (1,348) 1,101 (440) - (11,814) (60,064) (72,565) 440 440 - (72,125) 256,219 184,094	2024 £ (36,722) 1,223 (517) - (3,330) 8,110
		(31,236) 517
		(2,404)

		-

		(33,640)
		261,928
		228,288

Components of cash and cash equivalents
Cash and bank balances	184,094	256,219

	184,094	256,219

Page 15

Wecock Community Association Detailed Statement of Financial Activities

for the year ended 30 June 2025

Income and endowments from: Donations and legacies Peoples Trust & Mental Heath worker Tudor Trust Extension funding Other grants Charitable activities Lettings income Sundry Other trading activities Charity shop income Cafe income Cans and snacks Other activities income Investments Bank interest Total income and endowments Expenditure on: Costs of generating donations and legacies Peoples Trust & Mental Heath worker Tudor Trust Other grants Costs of other trading activities Cafe income Cans and snacks Other activities income Total of expenditure on raising funds Charitable activities Sundry	Unrestricte d funds 2025 £ 52,462 69,715 - 19,646 141,823 57,276 1,292 58,568 3,448 26,917 6,974 12,717 50,056 440 440 250,887 10,789 62,482 - 73,271 29,030 4,063 20,928 54,021 127,292 4,217	Restricted funds 2025 £ - - - 5,017 5,017 - 4,735 4,735 - - - - - - - 9,752 - - - - - - - - - 12,543	Total funds 2025 £ 52,462 69,715 - 24,663 146,840 57,276 6,027 63,303 3,448 26,917 6,974 12,717 50,056 440 440 260,639 10,789 62,482 - 73,271 29,030 4,063 20,928 54,021 127,292 16,760	Total funds 2024 £ 46,173 41,616 7,623 16,067
				111,479
				67,791 27,073
				94,864
				3,932 30,372 4,403 239
				38,946
				517
				517
				245,806 - 64,426 27,044
				91,470
				30,052 3,032 19
				33,103
				124,573 48,817

Page 16

Wecock Community Association Detailed Statement of Financial Activities

Total of expenditure on charitable activities Employee costs Salaries/wages Staff training Staff welfare Motor and travel costs Travel and subsistence Premises costs Rates Light, heat and power Premises cleaning Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Fixtures and fitings Bank charges Equipment repairs and maintenance General insurances Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments	4,217 4,217 74,286 324 103 74,713 303 303 4,253 18,127 4,855 486 2,102 29,823 1,101 458 709 6,582 - - 932 760 191 1,006 11,739 1,080 277 1,357 117,935 249,444 -	12,543 12,543 - - - - - - - - - - - - - - - - - - - - - - - - - - - 12,543 -	16,760 16,760 74,286 324 103 74,713 303 303 4,253 18,127 4,855 486 2,102 29,823 1,101 458 709 6,582 - - 932 760 191 1,006 11,739 1,080 277 1,357 117,935 261,987 -	48,817
				48,817 70,686 516 97
				71,299
				177
				177
				3,222 15,698 4,380 213 1,540
				25,053
				1,223 432 695 6,174 2 278 735 752 192 958
				11,441
				1,054 114
				1,168

				109,138
				282,528 -

Page 17

Wecock Community Association Detailed Statement of Financial Activities

Net expenditure Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	1,443 1,443 - 1,443 92,713 94,156	(2,791) (2,791) - (2,791) 20,071 17,280	(1,348) (1,348) - (1,348) 112,784 111,436	(36,722)
				(36,722) -
				(36,722)
				149,506
				112,784

Page 18