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2023-12-31-accounts

Charity registration number: 301897

New Milton and District Community Association

Annual Report and Financial Statements

for the year ended 31 December 2023

New Milton and District Community Association

Contents

Reference and Administrative Details………………………………………………...… 1 Trustees’ Report………………………………………………………………… 2 to 5 Independent examiner’s report……………………………………………………. 6 to 7 Accounting Policies (Note 1 to Financial Statements) ………………………...... 8 to 9 Statement of Financial Activities (Income & Expenditure) ………………………… 10 Balance Sheet………………………………………………………………………… 11 Notes to Financial Statements (Notes 2 to 16 )………………………………… 12 to 17 The following pages do not form part of the statutory financial statements Statement of financial activities per fund………………………………………….18 to 19 Members Summary of Income & Expenditure…………………………………….. 20

New Milton and District Community Association

Reference and Administrative Details

Charity name New Milton and District Community Association
Charity registration number 301897
Principal office The Community Centre
Osborne Road
New Milton
Hampshire
BH25 6EA
Trustees G Denson
W Maund
G Endersby
Bankers Lloyds Bank Plc
4 Castle Street
Christchurch
Dorset
Independent HOPE JONES.
Examining Chartered Accountants
Accountant Dunlop House
23a Spencer Road
New Milton
Hampshire
BH25 6BZ

Page 1

New Milton and District Community Association

Trustees’ Report

The Trustees present their Report and Accounts for the year ended December 31[st] December 2023.

Trustees

The Trustees are named on Page 1. All three have served throughout the year. Appointment of the trustees is made by the Council as governed by the Constitution of the Association. The Council is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing Trustee.

Constitution, Objectives and Policies

The New Milton and District Community Association (NMDCA) is governed by its Constitution and its objectives are to promote the benefit of the inhabitants of New Milton and the neighbourhood, and to secure the establishment of the Community Centre for this purpose.

The policy of the Association continues to be to raise finance from subscriptions, donations and fundraising activities to continue to benefit the inhabitants of New Milton and the neighbourhood.

The Trustees delegate the day to day responsibility of running the Association to the Executive Committee.

The Trustees, in relation to new trustees, will use the Executive Committee for the administrative process. The guidance ‘Trustees and Governance (CC30)’ provided by the Charity Commissioners will be followed and covers:-

The guidance provides the Trustees with options at each stage of the process and it is up to the Trustees to select the preferred option. The guidance recognises that each charity has different needs but clearly identifies the statutory (legal) obligations and the need for ongoing training as required for new Trustees to meet their obligations.

Page 2

New Milton and District Community Association

Trustees’ Report

CORONAVIRUS - PANDEMIC

Unfortunately we are still experiencing the lingering after effects of the pandemic on society. People’s concerns with safety, continuing COVID infections reinforces these concerns and apathy is still apparent within those using the Centre. Whilst the number of members is slowly rising regular attendance is still erratic in some cases. The number of ‘old’ Hirers has stabilised and we are gaining new Hirers some of whom have lost venues due to closures

Membership

As at 31[st] December 2023 the membership was 922 being 664 renewals and 258 new members. This is an increase of 47 members over 2022 membership but 211 (875-664) of our 2022 members did not re-join. We are rebuilding membership through a steady inflow of new members. The 2023 subscription rate for individual members was £12 per annum with a £2.50 joining fee for new members and a £20pa affiliate rate. These rates continue for 2024.

Activities and Achievements

A wide variety and range of interests were on offer. Meetings occur weekly, monthly or at other convenient times. The Association is always willing to consider new activities. Additional efforts are still being to embrace the whole community on multiple fronts.

During the year additional offerings have been made in terms of external events to draw more of the community in, additional (new) internal activities to broaden our appeal and more engagement with external hirers who provide support to the local community.

The Association is able to provide this wide level of service to its users due to our volunteers. The number that give their services voluntarily has risen.

Financial Review

The review compares this year and last year over our accounting period which covers a twelve month period starting January 1[st] and ending December 31[st.]

The total Statutory Income of the Association for the period was £116,961, an increase of £15,341 on last years’ £101,620. The total Statutory Expenditure of the Association for the period was £86,246, a decrease of £4,130 on last years’ £90,376. The decrease in expenditure arose from lower maintenance costs. Overall this year we have made an operating surplus of £30,715 compared to last year’s £11,244.

The total value of Tangible Assets is now £194,336 after depreciation of £8,779. Depreciation of the building and contents continues to be provided in accordance with recognised accounting standards and accounts for the whole of the £8,779. We received £9,031 from electricity generated by our Solar Array which can be reinvested.

Page 3

New Milton and District Community Association

Trustees’ Report

MAINTENANCE

We operate preventative maintenance but the unexpected still occurs. This year we took the decision to investigate how best to re-carpet the entire building. We purchased via the internet various sample boxes of carpet tiles for texture, colour and quality. We will look to relay, in-house, new tiles in stages during 2024. We continue to look at how we can best utilise our funds to provide the local community with the facilities needed. Costs are monitored monthly and are realistic. Heat conservation and insulation measures have been implement, especially in our largest room which suffers from major heat loss.

FINANCIAL ASSESSMENT

In preparing the final accounts all totals in the accounts have been rounded to the nearest pound. Each week we identify and reconcile the income and monthly reconcile the income and expenditure. This year we have made an accounting adjustment to 2023 of £69 and have identified £160 of duplicated income to be dealt with in 2024 accounts. In addition we analyse all Bank and Petty Cash transactions.

The Association’s financial position at the Balance Sheet date remains satisfactory especially taking into account an operating surplus in a hard economic climate. The Association’s funds are sufficient for the Association to continue in operation and can cover the current level of costs for over a year without receipt of any income. Our normal insurance will protect our income in the event of a major disruption to our activities. The cost of energy is evident on our direct and indirect costs. Our policy is to keep access to the Centre affordable. With an ageing building and limited surplus income annually we would be unable to raise loans in the normal manner and must continue to rely upon our reserves to cover major unforeseen costs.

The income mix is changing, reflecting wider usage by the community. The demographic that can use us daytime tends to limit our wider appeal without more active engagement.

The Trustees will continue to maintain the Community Centre in good condition for the inhabitants of New Milton and the neighbourhood as is required under the Constitution.

Future Developments (Centre Building)

The building is regularly inspected and we foresee no major works being needed in 2024 or in the near future.

Future Developments (Centre Operations)

As predicted we continue to suffer from the residual effects of COVID. 2024 will see a continuation of developing the Centre for wider community appeal, additional involvement of members and Users in our efforts. In addition more social awareness activities and measures to combat social isolation are planned. In 2022 we lost volunteers but during 2023 we have recovered and 2024 will see more effort put into the promotion of Volunteering. We need skilled people but if not will give training so as to access the wider local community. We continue to look for how we can minimise the costs of maintaining the centre. We have increased income but continue look for ways to increase our income through greater diversity to help offset erratic attendance.

Page 4

New Milton and District Community Association

Trustees’ Report

Investments

We took the decision to engage an Independent Financial Advisor (IFA) to more actively manage our funds. This has not happened. Markets remain highly volatile with Political and Economic uncertainty due to the USA, China and the after-shocks of pandemic. UK political actions, Ukraine and Gaza continue to cause problems. The Energy crisis and Climate change do not help. There is a risk in not being invested but we will evaluate the position in 2024. Markets continue to rally and fall on little financial justification. We are now looking to put some funds under management in 2024. The USA stock market will as usual suffer as a result of the US presidential elections in 2024.

Reserve Policy

The Building Improvements Reserve is held for future developments or major enhancements to the Community Centre building which is a two storey brick built structure. The Financial Protection Reserve is held to cover any potential claims not covered by the all risks insurance policy. In addition to the all-risk we hold additional cover on the main roof which protects us in that the original Contractor has ceased trading.

Risk

The Trustees have identified there are no new major risks to which the Association is exposed. However, the pandemic or its future incarnation is a risk if the Trust cannot operate and generate income. Our Reserves and actions to minimise costs would see our ‘normal operations’ compromised. The Centre buildings, fixtures, fittings and equipment are maintained to a good state of repair so as not to present any undue risk to members or visitors to the premises. The Executive also confirms that the activities which take place on the premises are conducted in a proper and efficient manner so as not to impose any undue risk. Operationally we maintain some of the measures put in place for ‘COVID Secure’.

The Trustee have complied with their duty under Section 17 of the Charities Act 2011 to have due regard to guidance published by the Charity Commissioners on public benefit.

Approved by the Trustees on the dates showing below:

Gordon Denson WMaund G Endersby

…………………… …………………… …………………….. G Denson Miss W Maund G Endersby Trustee Trustee Trustee Date: 03/09/2024 Date: 04/09/2024 Date: 09/09/2024

Page 5

NEW MILTON AND DISTRICT COMMUNITY ASSOCIATION

Independent Examiner’s Report to the Trustees of New Milton and District Community Association

I report on the accounts of the charity for the year ended 31[st] December 2023, which are set out on pages 8 to 17.

Respective responsibilities of the trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Page 6

NEW MILTON AND DISTRICT COMMUNITY ASSOCIATION

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

[ ] to prepare accounts which accord with the accounting records and comply with the requirements of the 2011 Act

have not been met; or

Paul Root

Paul Root BA FCA

HOPE JONES. Chartered Accountants Dunlop House 23a Spencer Road New Milton Hampshire BH25 6BZ

Dated: 21/06/2024

Page 7

New Milton and District Community Association Notes to the Financial Statements for the Year Ended 31st December 2023

1. Accounting policies

Basis of Preparation

The financial statements of the charitable organisation, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102). Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102' and The Financial Reporting Standard aaplicable in the UK and the Republic of Ireland'. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.

Going Concern

The Trustees believe that the charity is well placed to manage its business risks successfully, despite the current uncertain economic outlook, and have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Fund accounting policy

Unrestricted income funds are general funds that are available for use at the trustee’s discretion in furtherance of the objectives of the charity. Further details of each fund are disclosed in Note 16.

Incoming resources

Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income derived from events is recognised as earned (that is, as the related goods or services are provided). Investment income is recognised on a receivable basis. Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.

Resources expended

Liabilities are recognised as soon as there is a legal constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable expenditure comprises of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect natutre necessary to support them.

Page 8

New Milton and District Community Association Notes to the Financial Statements for the Year Ended 31st December 2023

Governance costs

Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

Value Added Tax (VAT)

Value added tax is not recoverable by the charity and as such is included in the relevant costs in the statement of financial activities.

VAT Registration - Not Registered

The various categories of funding are assessed against the VAT rules for inclusion or exclusion in calculating the total VAT income. The VAT income is reviewed against the VAT registration threshold throughout the year.

Fixed assets

Individual fixed assets costing £200 or more are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation less any estimated residual value, over the expected useful economic life as follows:

Freehold buildings 2% straight line basis Fixtures, fittings and equipment 20% reducing balance basis Solar Array 5% straight line basis

Current Assets

Current assets investments are stated at market value in line with the SORP. Any movement in value is reflected in the statement of financial activities as other recognised gains/(losses).

Debtors

Debtors and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

Cash at Bank and in Hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquistion or opening of the deposit or similar account

Creditors and Provisions

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 part and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

Page 9

New Milton and District Community Association Statement of financial activities by fund Period Ended 31st December 2023

Total Funds Total Funds
01/01/2023 01/01/2022
NOTES Unresticted to to
Funds 31/12/2023 31/12/2022
£ £
Incoming resources
Incoming resources from generated funds
Voluntary Income 2 48,602 48,602 42,770
Activities for generating funds 3 2,045 2,045 1,198
Investment Income 4 9,661 9,661 8,974
Incoming resources from charitable activities 5 55,554 55,554 48,071
Other incoming resources (less 6.1) 6 1,099 1,099 607
GOVT GRANTS 6 0 0 0
COVID SUPPORT 10 0 0 0
Total incoming resources 116,961 116,961 101,620
Resources Expended
Charitable Activities 7 85,296 85,296 89,432
Governance Cost 7 950 950 944
Total resources expended 86,246 86,246 90,376
Net (outgoing)/incoming resources before 30,715 30,715 11,244
other recognised gains and losses
Other recognised gains/losses
(Losses)/gains on investment assets 13 0 0 0
Net Movement in funds 30,715 30,715 11,244
Total funds brought forward 487,132 487,132 475,856
Previous years adjustment jnl 16 32
Total funds carried forward 517,847 517,847 487,132

All incoming resources and resources expended derive from continuing activities.

Approved by the Board on 26/06/2024 and signed on its behalf by:

ordon D enson W M aund G

G E ndersby

……………………...………… G Densen Trustee

……………………… ……………………… Miss W Maund G Endersby Trustee Trustee

Page 10

New Milton and District Community Association Balance sheet as at 31st December 2023

Notes
Fixed Assets
Tangible Assets
11
Current Assets
Debtors
12
Investments
13
Cash at bank and in hand
13.1
Creditors: Amounts falling
due within one year
ADV memb fees
14
TRADE OTHERS
14
AUDIT
14
HMRC
14
Trade Rentals
14
Net current Assets
Net Assets
The funds of the charity:
Unrestricted funds
Unrestricited income funds
Previous year adjustments
Operating Activities Gains/(Losses)
Revaluation reserve
Total change to income funds during the pe
Total unrestricted funds
Total charity funds		 31/12/2023
£
£
194,336
8,581
0
322,503
331,084
(4,490)
(995)
(950)
(700)
(438)
(7,573)
323,510
517,846
487,132
30,715
0
riod
30,715
517,847
517,847		 31/12/2023
£
£
194,336
8,581
0
322,503
331,084
(4,490)
(995)
(950)
(700)
(438)
(7,573)
323,510
517,846
487,132
30,715
0
riod
30,715
517,847
517,847		 31/12/2022
£
£
202,667
4,306
0
286,075
290,381
(3,066)
(1,244)
(900)
(707)
(5,917)
284,464
487,131
475,856
32
11,244
0
11,244
487,132
487,132		 31/12/2022
£
£
202,667
4,306
0
286,075
290,381
(3,066)
(1,244)
(900)
(707)
(5,917)
284,464
487,131
475,856
32
11,244
0
11,244
487,132
487,132
517,847 487,132
517,847 487,132

Page 11

New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2023

**Total Funds ** Total Funds
Un- 01/01/2023 01/01/2022
restricted to to
Funds 31/12/2023 31/12/2022
£ £ £
2 Voluntary Income
Donations and Legacies
Legacies
Centre activities 40,609 40,609 36,897
Centre catering 7,993 7,993 5,873
48,602 48,602 42,770
3 Activities for generating funds
Reception 2,045 2,045 1,198
2,045 2,045 1,198
**4 ** Investment Income
Interest on cash deposits 630 630 16
Investment income
solar FIT 9,031 9,031 8,958
9,661 9,661 8,974
5 Incoming resources from charitable activities
Subscriptions & fees 11,303 11,303 11,059
(monies received in previous year for this)
Hall and room rentals 44,251 44,251 37,012
55,554 55,554 48,071
**6 ** Other incoming resources
6.1 GOVT GRANTS 0 0 0
Donations (ad hoc)/Gift Aid 1,167 1,167 607
Rounding/Accounting adj (68) (68) 0
1,099 1,099 607

Page 12

New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2023

7 Total resources expended
Note
Direct costs
Employment Costs
10
Establishment costs
Insurances
Utilities
Office expense
Subscriptions/donations/licences
Publicity and sundry othe costs
Independent examiners fee
Bank charges
Depreciation of tangible fixed assets
ADJUSTMENTS (JNLS)		 01/01/2023
01/01/2022
to
to
Charitable
31/12/2023
31/12/2022
Activities Governance Total
49,542
49,542
41,593
6,923
6,923
20,531
4,438
4,438
3,803
7,193
7,193
6,492
586
586
816
1,756
1,756
159
5,315
5,315
6,124
0
950
950
944
765
765
743
8,779
8,779
9,036
0
0
135
85,296
950
86,246
90376

8 Trustees' remuneration and expenses

No trustee received any remuneration or reimbursement of expenses during the period.

9 Net (outgoing)/incoming resources is atated after charging

Depreciation of owned assets 01/01/2023
01/01/2022
to
to
31/12/2023
31/12/2022
8,779
9,036

10 Employees remuneration

The average number of persons employed by the charity (including trustee) during the period was as follows:

01/01/2023 01/01/2022
to to
31/12/2023 31/12/2022
Charitable activities Number 5 4

Page 13

New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2023

The aggregate payroll costs of these persons were as follows:

Wages and salaries (Net)
HRMC
EE/Tax Ni
NEST
EE PENSION
HMRC
ER Social Security
NEST
ER PENSION
HMRC COVID SUPPORT		 37,713
31,796
9,595
7,907
1,277
1,080
0
0
957
810
49,542
41,593
0
0

Pension contributions were made to two employees under NEST No employee received emoluments of more than £60,000 during the period ending 31/12/2023 - No.0

11 Tangible fixed Assets

SL
STRAIGHT LINE
RB
REDUCING BALANCE
Depreciation rate
Cost or valuation
AS AT 31/12/2022
Additions
AS AT 31/12/2023
Depreciation
AS AT 31/12/2022
Charge for the period
AS AT 31/12/2023
Net book value
AS AT 31/12/2022
AS AT 31/12/2023		 Freehold
property		 Fixtures
Solar
fittings &
Array
equipment		 Fixtures
Solar
fittings &
Array
equipment		 Total(s)
SL
2%		 RB
0		 SL
0
275458
0
275,458
96001
5509
101510
179,457		 94,500
447
94,947
87,563
1477
89,040
6,937		 35,852
0
35,852
19,578
1793
21,371
16,274		 405,810
447
406,257
203,143
8,779
211,921
202,667
173,948 5,907 14,481 194,336

Page 14

New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2023

12 Debtors
woff/jnl
received
31/12/2023 31/12/2022
previous to be cleared
2022
Trade Debtors
Hirers (unpaid fees)
0.00
0
0
1,485
Activities (unpaid)
0
0
1,904
LOANS
0
0
700
HMRC Covid
0
0
264
Trade Debtors
2023
Hirers (unpaid fees)
2,537
Activities (unpaid)
1,792
LOANS
2,700
HMRC
1,552
8,581
4,353
13 Current assets: Investments		 12 Debtors
woff/jnl
received
31/12/2023 31/12/2022
previous to be cleared
2022
Trade Debtors
Hirers (unpaid fees)
0.00
0
0
1,485
Activities (unpaid)
0
0
1,904
LOANS
0
0
700
HMRC Covid
0
0
264
Trade Debtors
2023
Hirers (unpaid fees)
2,537
Activities (unpaid)
1,792
LOANS
2,700
HMRC
1,552
8,581
4,353
13 Current assets: Investments		 12 Debtors
woff/jnl
received
31/12/2023 31/12/2022
previous to be cleared
2022
Trade Debtors
Hirers (unpaid fees)
0.00
0
0
1,485
Activities (unpaid)
0
0
1,904
LOANS
0
0
700
HMRC Covid
0
0
264
Trade Debtors
2023
Hirers (unpaid fees)
2,537
Activities (unpaid)
1,792
LOANS
2,700
HMRC
1,552
8,581
4,353
13 Current assets: Investments
as at
31/12/23		 gain
as at
(loss)
31/12/22
Listed Investments
0
0
0
Anaylsis of movement in current asset investment
Investment values
0
0
0
0
0
0

All current assets investments were held in the UK in listed investments

13.1 Cash at bank and in hand

Lloyds
INSTANT
Lloyds
No. 1
Lloyds
No. 2
PETTY CASH
Unbanked CASH (A)
Cash Holdings (tin/eoy transition)
TOTAL(s)		 as at
as at
31/12/2023
31/12/2022
166,705
170,701
100,823
60,193
54,576
54,660
68
69
196
347
135
105
322,503
286,075

Page 15

New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2023

14 Creditors: Amounts falling due within one year

Taxation & Social Security
previous years end balances
2022
2022 trade rentals
2022 Advance Membership
2022 Audit fee (provision)
2022 trade others
2022 NEST
THIS YEARS CREDITORS
Accruals and deferred income
2023 trade rentals
Membership/AFF fees (in advance)
Audit fee (provision)
trade others
HMRC/NEST		 31/12/2023
31/12/2022
0
(3,066)
(900)
(1,244)
(707)
(438)
(4,490)
(950)
(995)
(700)		 31/12/2023
31/12/2022
0
(3,066)
(900)
(1,244)
(707)
(438)
(4,490)
(950)
(995)
(700)
(7,573)
(5,917)
Total of creditors falling due within one year are: (7,573) (5,917)

15 Related parties

Controlling Entity The charity is controlled by the trustees

Page 16

New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2023

16 Analyis of funds

General Funds
Accumulated fund
Financial protection
Building fund
General Funds
Accumulated fund
Financial protection
Building fund		 As at
income
expend
TRFS
gains
as at
1/1/2022
(losses)
31/12/2022
£
£
£
£
£
£
362,558
101,620
(90,376)
0
32
373,834
15,907
15,907
97,392
97,392
475,857
101,620
(90,376)
0
32
487,133
As at
income
expend
TRFS
gains
as at
1/1/2023
(losses)
31/12/2023
£
£
£
£
£
£
373,834
116,961
(86,246)
0
0
404,549
15,907
15,907
97,392
97,392
487,133
116,961
(86,246)
0
0
517,848

17 Net assets by fund

Net assets by fund
Unrestricte Total Total
funds Funds Funds
31/12/2023 31/12/2022
Tangible Assets 194,336 194,336 202,667
Current Assets
investments 0
cash/bank 322503
prov for addit cash 0
Debtors 8581
TOTAL 331,084 331,084 290,381
Creditors: Amounts falling due withih one year (7,573) (7,573) -5,917
Net Assets 517,846 517,846 487,131

Page 17

New Milton and District Community Association Statement of financial activities by fund Period Ended 31st December 2023

Accumulated
12
months
£
Incoming resources
Incoming resources from generated funds
Voluntary Income
48,602
Activities for generating funds
2,045
Investment Income
9,661
Incoming resources from charitable activities
55,554
Other resources (less 6,1)
1,099
GOVT GRANTS
0
COVID SUPPORT
0
Total incoming resources
116,961
Resources Expended
Charitable Activities
7
85,296
Governance Cost
7
950
Total resources expended
86,246
Net (outgoing)/incoming resources before
30,715
other recognised gains and losses
Other recognised gains/losses
(Losses)/gains on Accounting ajustments
(Losses)/gains on investment assets
13
0
Net Movement in funds
30,715
Reconcilation in funds
Accumulation fund
Total funds brought forward
487,132
adjustment
Total funds carried forward
517,847		 Accumulated
12
months
£
Incoming resources
Incoming resources from generated funds
Voluntary Income
48,602
Activities for generating funds
2,045
Investment Income
9,661
Incoming resources from charitable activities
55,554
Other resources (less 6,1)
1,099
GOVT GRANTS
0
COVID SUPPORT
0
Total incoming resources
116,961
Resources Expended
Charitable Activities
7
85,296
Governance Cost
7
950
Total resources expended
86,246
Net (outgoing)/incoming resources before
30,715
other recognised gains and losses
Other recognised gains/losses
(Losses)/gains on Accounting ajustments
(Losses)/gains on investment assets
13
0
Net Movement in funds
30,715
Reconcilation in funds
Accumulation fund
Total funds brought forward
487,132
adjustment
Total funds carried forward
517,847		 Funds
12
months
£
42,770
1,198
8,974
48,071
607
0
0
101,620
89,432
944
90,376
11,244
0
11,244
475,857
32
487,132
Financial Protection Reserve Fund
Net Movement in funds		 as at
31/12/23
0		 as at
31/12/22
0
Reconcilation in funds 15,907
15,907
Total funds brought forward 15,907
Total funds carried forward 15,907

Page 18

New Milton and District Community Association Statement of financial activities by fund Period Ended 31st December 2023

Building Improvement Reserve Fund

Net Movement in funds as at
31/12/23
0		 as at
31/12/22
0
Reconcilation in funds
Total funds carried forward
Total funds brought forward		 113,274
113,274		 113,274
113,274

PAGE 19

NEW MILTON & DISTRICT COMMUNITY ASSOCIATION SUMMARY FOR MEMBERS SHOWING DETAILS OF INCOME AND EXPENDITURE Y/E 31/12/2023

NOTE
CENTRE INCOME
SUBSCRIPTIONS
5
CENTRE CATERING
2
CENTRE ACTIVITIES
2
CENTRE RECEPTN
3
OPERATING INCOME
EXTERNAL HIRERS
5
MANAGED INCOME
OTHER
4,6
SOLAR ARRAY
4
GIFTS/LEGACIES
2
TOTAL INCOME
CENTRE EXPENDITURE
UNAVOIDABLE COSTS
EMPLOYMENT COSTS
7
hmrc covid schene
MAINTENANCE
7
INSURANCES
7
LICENCES
7
AUDIT
7
UNAVOIDABLE
63,609
VARIABLE COSTS
UTILITIES
7
ADMINISTRATION
7
CATERING/SUNDRIES
7
VARIABLE
13,094
FINANCIAL COSTS
BANK CHARGES
7
DEPRECIATION
7
9,544
OPERATING SURPLUS/(DEFICIT)
OTHER GAINS/(LOSS)
Nett
Surplus
SOLAR ARRAY INCOME SINCE INSTALLATION
73,438
PREVIOUS YEARS
£64,407
THIS YEAR
£9,031
MANAGED INCOME SPLIT
EST
ACTUAL
MEMBERS
2/3RDS
70,093
£
61,950
£
HIRERS
1/3RD
35,046
£
44,251
£		 NOTE
CENTRE INCOME
SUBSCRIPTIONS
5
CENTRE CATERING
2
CENTRE ACTIVITIES
2
CENTRE RECEPTN
3
OPERATING INCOME
EXTERNAL HIRERS
5
MANAGED INCOME
OTHER
4,6
SOLAR ARRAY
4
GIFTS/LEGACIES
2
TOTAL INCOME
CENTRE EXPENDITURE
UNAVOIDABLE COSTS
EMPLOYMENT COSTS
7
hmrc covid schene
MAINTENANCE
7
INSURANCES
7
LICENCES
7
AUDIT
7
UNAVOIDABLE
63,609
VARIABLE COSTS
UTILITIES
7
ADMINISTRATION
7
CATERING/SUNDRIES
7
VARIABLE
13,094
FINANCIAL COSTS
BANK CHARGES
7
DEPRECIATION
7
9,544
OPERATING SURPLUS/(DEFICIT)
OTHER GAINS/(LOSS)
Nett
Surplus
SOLAR ARRAY INCOME SINCE INSTALLATION
73,438
PREVIOUS YEARS
£64,407
THIS YEAR
£9,031
MANAGED INCOME SPLIT
EST
ACTUAL
MEMBERS
2/3RDS
70,093
£
61,950
£
HIRERS
1/3RD
35,046
£
44,251
£		 2023 2023 2022
INCOME
COME		 11,303
7,993
40,609
2,045		 11,059
5,873
36,897
1,198
61,950
44,251		 £55,027
£37,012
106,201
1,729
9,031
0		 £92,039
£623
£8,958
£0
116,961 £101,620
49,542
0
6,923
4,438
1,756
950
7,193
586
5,315
765
8,779		 £41,593
£0
£20,531
£3,803
£159
£944
£6,492
£816
£6,124
£743
£9,036
63,609
13,094
9,544
Surplus 86,246 £90,241
30,715
0		 £11,379
£0
30,715 £11,379
64,407
55,449
8,958

INCOME FROM OUR SOLAR ARRAY DEPENDS ON WEATHER LEGACIES CANNOT BE PREDICTED

THIS SUMMARY DOES NOT FORM PART OF THE ACCOUNTS - ALL THE INFORMATION IS AS PER THE 'NOTES' TO THE ACCOUNTS

PAGE 20

NEW MILTON AND DISTRICT COMMUNITY ASSOCIATION

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

[ ] to prepare accounts which accord with the accounting records and comply with the requirements of the 2011 Act

have not been met; or

Paul Root

Paul Root BA FCA

HOPE JONES. Chartered Accountants Dunlop House 23a Spencer Road New Milton Hampshire BH25 6BZ

Dated: 21/06/2024

Page 7