Charity registration number: 301897
New Milton and District Community Association
Annual Report and Financial Statements
for the year ended 31 December 2024
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 | |
| 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 2024.
Trustees
The Trustees are named on Page 1. Both 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:-
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Recruitment
-
Finding Potential Trustees
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Vetting
-
Appointment
-
Induction and Training
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
The lingering after effects of the pandemic on society is still evident. People’s concerns with safety, continuing COVID infections, flu and others reinforces these concerns which affects Centre usage. Regeneration of our membership is slow and regular attendance remains erratic in some cases. We are still gaining new Hirers due to other venues closing.
Membership
As at 31[st] December 2024 the membership was 1048 being an increase of 126 members over 2023 membership of 922. We are rebuilding membership through a steady inflow of new members. The 2024 subscription rate for an individual member was £12 per annum with a £2.50 joining fee for new members and a £20pa affiliate rate. These rates continue for 2025.
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. Efforts are still being expended 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 and new internal activities to broaden our appeal and more engagement with external hirers who provide support to the local community. We continually look at how best the facilities on offer can be better utilised for all.
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 £130,822, an increase of £13,861 on last years’ £116,961. The total Statutory Expenditure of the Association for the period was £100,095 an increase of £13,849 on last years’ £86,246. The increase in expenditure arose from higher employment, maintenance and utility costs. This year we have a maintenance provision of £3,500 to complete work in 2025 started in 2024. Overall this year we have made an operating surplus of £30,727 compared to last year’s £30,715.
The total value of Tangible Assets is now £187,015 after depreciation of £8,774. Depreciation of the building and contents continues to be provided in accordance with recognised accounting standards and accounts for the whole of the £8,774. We received £8,974 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. The planned recarpeting is now scheduled for 2025. With rising energy costs we have looked to mitigate heat loss. Heat conservation and insulation measures have been implement and are ongoing especially in our largest room which suffers from major heat loss. Thermal curtains and linings have been purchased and failed double-glazed identified for replacement (2025). 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.
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 corrected errors arising from 2023 and have made a nett accounting adjustment of £319 in the 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 in daytime tends to limit our wider appeal. Without more active engagement by the community, especially those who are younger our evolution to local needs is limited. 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 2025 or in the near future.
Future Developments (Centre Operations)
As predicted we continue to suffer from the residual effects of COVID. 2025 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. Greater use by the NHS and other wellbeing charities is planned in 2025. We will actively promote volunteering in 2025 to build up support for Centre operations. 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/Banking
The decision to more actively manage our funds via an Independent Financial Advisor (IFA) was again delayed. Markets were highly volatile with Political and Economic uncertainty due to the USA and the presidential race. UK government change, Ukraine and Gaza continued to cause market problems. The Energy crisis and Climate change did not help. There is a risk in not being invested but we will evaluate the position in 2025 once markets find there equilibrium. Markets continue to rally and fall on little financial justification. We are now again looking to put funds under management in 2025 once the USA stock market decides its stance on USA Government policies as determined by President Trump. Due to local bank closures we will need to alter our physical cash handling arrangements.
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. Due to economic conditions insurance costs will rise to cover increases in material costs. 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. .
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:
ordon Denson WMaund G
…………………… ……………………
G Denson Miss W Maund Trustee Trustee Date: 18/06/25 Date: 13/06/25
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 2024, 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:
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examine the accounts (under section 145 of the 2011 Act);
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145 (5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
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:
-
1) which gives me reasonable cause to believe that in any material respect, the requirements
-
[ ] to keep accounting records in accordance with section 130 of the 2011 Act; and
[ ] to prepare accounts which accord with the accounting records and comply with the requirements of the 2011 Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Paul Root
Paul Root BA FCA
HOPE JONES. Chartered Accountants Dunlop House 23a Spencer Road New Milton Hampshire BH25 6BZ
Dated: 29/05/2025
Page 7
New Milton and District Community Association Notes to the Financial Statements for the Year Ended 31st December 2024
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 nature necessary to support them.
Page 8
New Milton and District Community Association Notes to the Financial Statements for the Year Ended 31st December 2024
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 Fixtures, fittings and equipment Solar Array
2% straight line basis 20% reducing balance basis 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 2024
| New Milton and District Community Association Statement of financial activities by fund Period Ended 31st December 2024 |
New Milton and District Community Association Statement of financial activities by fund Period Ended 31st December 2024 |
|---|---|
| Total Funds Total Funds 01/01/2024 01/01/2023 NOTES Unresticted to to Funds 31/12/2024 31/12/2023 £ £ Incoming resources Incoming resources from generated funds |
|
| Voluntary Income 2 54,708 54,708 48,602 Activities for generating funds 3 2,047 2,047 2,045 Investment Income 4 10,357 10,357 9,661 Incoming resources from charitable activities 5 60,668 60,668 55,554 Other incoming resources (less 6.1) 6 3,043 3,043 1,099 |
|
| GOVT GRANTS 6 0 0 0 COVID SUPPORT 10 0 0 0 Total incoming resources 130,822 130,822 116,961 Resources Expended |
|
| 130,822 130,822 116,961 |
|
| Charitable Activities 7 99,135 99,135 85,296 Governance Cost 7 960 960 950 |
|
| Total resources expended 100,095 100,095 86,246 Net (outgoing)/incoming resources before 30,727 30,727 30,715 other recognised gains and losses Other recognised gains/losses (Losses)/gains on investment assets 13 0 0 0 Net Movement in funds 30,727 30,727 30,715 |
|
| 100,095 100,095 86,246 |
|
| 30,727 30,727 30,715 |
|
| Total funds brought forward | 517,847 517,847 487,132 |
| Total funds carried forward | |
| 548,574 548,574 517,847 |
All incoming resources and resources expended derive from continuing activities.
Approved by the Board on 18/06/2025 and signed on its behalf by:
ordon D enson W M G
…………………… …………………… G Denson Miss W Maund Trustee
Page 10
New Milton and District Community Association Balance sheet as at 31st December 2024
| 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 Operating Activities Gains/(Losses) Revaluation reserve Total change to income funds during the pe Total unrestricted funds Total charity funds |
31/12/2024 £ £ 187,015 2,763 0 370,125 372,888 (4,498) (3,500) (960) (1,077) (1,295) (11,328) 361,559 548,574 517,847 30,727 0 riod 30,727 548,574 548,574 |
31/12/2024 £ £ 187,015 2,763 0 370,125 372,888 (4,498) (3,500) (960) (1,077) (1,295) (11,328) 361,559 548,574 517,847 30,727 0 riod 30,727 548,574 548,574 |
31/12/2023 £ £ 194,336 8,581 0 322,503 331,084 (4,490) (995) (950) (700) (438) (7,573) 323,511 517,847 487,132 30,715 0 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) 323,511 517,847 487,132 30,715 0 30,715 517,847 517,847 |
|---|---|---|---|---|
| 548,574 | 517,847 | |||
| 548,574 | 517,847 |
Page 11
New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2024
| New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2024 |
New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2024 |
|
|---|---|---|
| Total Funds Total Funds Un- 01/01/2024 01/01/2023 restricted to to Funds 31/12/2024 31/12/2023 £ £ £ 2 Voluntary Income Donations and Legacies Legacies Centre activities 46,495 46,495 40,609 Centre catering 8,213 8,213 7,993 54,708 54,708 48,602 3 Activities for generating funds Reception 2,047 2,047 2,045 2,047 2,047 2,045 4 Investment Income Interest on cash deposits 1,383 1,383 630 Investment income solar FIT 8,974 8,974 9,031 10,357 10,357 9,661 5 Incoming resources from charitable activities Subscriptions & fees 12,245 12,245 11,303 (monies received in previous year for this) Hall and room rentals 48,423 48,423 44,251 60,668 60,668 55,554 6 Other incoming resources SPONSORSHIP 1,808 1,808 0 6.1 GOVT GRANTS Donations (ad hoc)/Gift Aid 1,235 1,235 1,167 Rounding Accounting adj 0 0 -68 3,043 3,043 1,099 01/01/2024 01/01/2023 7 Total resources expended to to Charitable 31/12/2024 31/12/2023 Activities Governance Total Note Direct costs Employment Costs 10 52,634 52,634 49,542 Establishment costs 13,540 13,540 6,923 Insurances 4,640 4,640 4,438 Utilities 9,721 9,721 7,193 Office expense 599 599 586 Subscriptions/donations/licences 1,387 1,387 1,756 Publicity and sundry othe costs 6,824 6,824 5,315 |
||
| Independent examiners fee Bank charges Depreciation of tangible fixed assets ADJUSTMENTS (JNLS) |
10 960 970 950 687 687 765 8,774 8,774 8,779 319 319 0 |
|
| 99,135 960 100,095 86247 |
Page 12
New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2024
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 | 01/01/2024 01/01/2023 to to 31/12/2024 31/12/2023 8,774 8,779 |
|---|---|
10 Employees remuneration
| The average number of persons employed by the charity (including trustee) during the period was as follows: Charitable activities Number 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 |
01/01/2024 01/01/2023 to to 31/12/2024 31/12/2023 2 5 |
|---|---|
| 39,212 37,713 10,715 9,595 1,547 1,277 0 0 1,160 957 |
|
| 52,634 49,542 |
|
| 0 0 |
Pension contributions were made to two employees under NEST No employee received emoluments of more than £60,000 during the period 31/12/2024 - No.0
Page 13
New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2024
11 Tangible fixed Assets
| SL STRAIGHT LINE RB REDUCING BALANCE Depreciation rate |
SL STRAIGHT LINE RB REDUCING BALANCE Depreciation rate |
Freehold property |
Fixtures fittings & equipment |
Solar Array |
Total(s) | |
|---|---|---|---|---|---|---|
| SL 2% |
RB 20% |
SL 5% |
£ | |||
| Cost or valuation | 94,947 1,453 96,400 |
406,257 1,453 407,710 |
||||
| AS AT 31/12/2023 Additions AS AT 31/12/2024 |
275458 0 275458 |
35,852 0 35852 |
||||
| Depreciation | ||||||
| AS AT 31/12/2023 Charge for the period AS AT 31/12/2024 |
101510 5509 107019 |
89040 1472 90512 |
21,371 1,793 23,164 |
211,921 8,774 220,695 |
||
| Net book value AS AT 31/12/2023 AS AT 31/12/2024 12 Debtors previous to be cleared 2023 Trade Debtors Hirers (unpaid fees) Activities (unpaid) LOANS HMRC Covid Trade Debtors 2024 Hirers (unpaid fees) Activities (unpaid) LOANS HMRC |
173948 168439 |
5,907 5,888 |
14,481 12,688 |
194,336 187,015 |
||
| Trade Debtors 2024 Hirers (unpaid fees) Activities (unpaid) LOANS HMRC |
Page 14
New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2024
13 Current assets: Investments
| Current assets: Investments | ||||
|---|---|---|---|---|
| as at | gain | as at | ||
| 31/12/2024 | (loss) | 31/12/2023 | ||
| 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
| 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 31/12/2024 31/12/2023 182,704 166,705 132,205 100,823 54,607 54,576 36 68 0 196 572 135 |
| 370,125 322,503 |
Page 15
New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2024
14 Creditors: Amounts falling due within one year
| 31/12/2024 31/12/2023 PAID Taxation & Social Security previous years end balances 2023 2023 trade rentals 437.50 0 (438) 2023 Advance Membership 4,490 0 (4,490) 2023 Audit fee (provision) 950 0 (950) 2023 trade others 995 0 (995) 2023 HMRC/NEST 700 0 (700) THIS YEARS CREDITORS Accruals and deferred income 2024 trade Utils 0 (1,193) trade hires utils 0 (102) Membership/AFF fees (in advance) 0 (4,498) Audit fee (provision) 0 (960) trade others 0 (3,500) HMRC/NEST 0 (1,077) (11,328) (7,573) |
31/12/2024 31/12/2023 PAID Taxation & Social Security previous years end balances 2023 2023 trade rentals 437.50 0 (438) 2023 Advance Membership 4,490 0 (4,490) 2023 Audit fee (provision) 950 0 (950) 2023 trade others 995 0 (995) 2023 HMRC/NEST 700 0 (700) THIS YEARS CREDITORS Accruals and deferred income 2024 trade Utils 0 (1,193) trade hires utils 0 (102) Membership/AFF fees (in advance) 0 (4,498) Audit fee (provision) 0 (960) trade others 0 (3,500) HMRC/NEST 0 (1,077) (11,328) (7,573) |
31/12/2024 31/12/2023 PAID Taxation & Social Security previous years end balances 2023 2023 trade rentals 437.50 0 (438) 2023 Advance Membership 4,490 0 (4,490) 2023 Audit fee (provision) 950 0 (950) 2023 trade others 995 0 (995) 2023 HMRC/NEST 700 0 (700) THIS YEARS CREDITORS Accruals and deferred income 2024 trade Utils 0 (1,193) trade hires utils 0 (102) Membership/AFF fees (in advance) 0 (4,498) Audit fee (provision) 0 (960) trade others 0 (3,500) HMRC/NEST 0 (1,077) (11,328) (7,573) |
|---|---|---|
| (11,328) (7,573) |
||
| Total of creditors falling due within one year are: | (11,328) | (7,573) |
Page 16
New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2024
15 Related parties
Controlling Entity The charity is controlled by the trustees
16 Analyis of funds
| General Funds Accumulated fund Financial protection Building fund |
As at income expend TRFS gains as at 1/1/2023 (losses) 31/12/2023 £ £ £ £ £ £ 373,834 116,961 (86,247) 0 0 404,548 15,907 15,907 97,392 97,392 |
|---|---|
| 487,133 116,961 (86,247) 0 0 517,847 |
|
| General Funds Accumulated fund Financial protection Building fund |
As at income expend TRFS gains as at 1/1/2024 (losses) 31/12/2024 £ £ £ £ £ £ 404,548 130,822 (100,095) 0 0 435,275 15,907 15,907 97,392 97,392 |
| 517,847 130,822 (100,095) 0 0 548,574 |
Page 17
New Milton and District Community Association Statement of financial activities by fund Period Ended 31st December 2024
17 Net assets by fund
| Net assets by fund | ||||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| Funds | Funds | Funds | ||
| 31/12/2024 | 31/12/2023 | |||
| Tangible Assets | 187,015 | 187,015 | 194,336 | |
| Current Assets | ||||
| investments | 0 | |||
| cash/bank | 370125 | |||
| prov for addit cash | 0 | |||
| Debtors | 2763 | |||
| TOTAL | 372,888 | 372,888 | 331,084 | |
| Creditors: Amounts falling due withih | one year | (11,328) | (11,328) | -7,573 |
| Net Assets | 548,574 | 548,574 | 517,847 | |
| Accumulated | Funds | |||
| 2024 | 2023 | |||
| 12 months | 12 months | |||
| £ | £ | |||
| Incoming resources | ||||
| Incoming resources from generated funds | ||||
| Voluntary Income | 54,708 | 48,602 | ||
| Activities for generating funds | 2,047 | 2,045 | ||
| Investment Income | 10,357 | 9,661 | ||
| Incoming resources from charitable activities | 60,668 | 55,554 | ||
| Other resources (less 6,1) | 3,043 | 1,099 | ||
| GOVT GRANTS | 0 | 0 | ||
| COVID SUPPORT | 0 | 0 | ||
| Total incoming resources | 130,822 | 116,961 | ||
| Resources Expended | ||||
| Charitable Activities | 7 | 99,135 | 85,296 | |
| Governance Cost | 7 | 960 | 950 | |
| Total resources expended | 100,095 | 86,246 | ||
| Net (outgoing)/incoming resources before | 30,727 | 30,715 | ||
| other recognised gains and losses | ||||
| Other recognised gains/losses | ||||
| (Losses)/gains on Accounting ajustments | ||||
| (Losses)/gains on investment assets | 13 | 0 | 0 | |
| Net Movement in funds | 30,727 | 30,715 | ||
| Reconcilation in funds | ||||
| Accumulation fund | ||||
| Total funds brought forward | 517,847 | 487,132 | ||
| Total funds carried forward | 548,574 | 517,847 |
Page 18
New Milton and District Community Association Statement of financial activities by fund Period Ended 31st December 2024
Financial Protection Reserve Fund
| Financial Protection Reserve Fund | ||
|---|---|---|
| as at | as at | |
| 31/12/2024 | 31/12/2023 | |
| Net Movement in funds | 0 | 0 |
| Reconcilation in funds | ||
| Total funds brought forward | 15,907 | 15,907 |
| Total funds carried forward | 15,907 | 15,907 |
| Building Improvement Reserve Fund |
| as at | as at | |
|---|---|---|
| 31/12/2024 | 31/12/2023 | |
| Net Movement in funds | 0 | 0 |
| Reconcilation in funds | ||
| Total funds carried forward | 113,274 | 113,274 |
| Total funds brought forward | 113,274 | 113,274 |
PAGE 19
NEW MILTON & DISTRICT COMMUNITY ASSOCIATION SUMMARY FOR MEMBERS SHOWING DETAILS OF INCOME AND EXPENDITURE Y/E 31/12/2024
| 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 73,171 VARIABLE COSTS UTILITIES 7 ADMINISTRATION 7 CATERING/SUNDRIES 7 VARIABLE 17,144 FINANCIAL COSTS BANK CHARGES 7 DEPRECIATION 7 9,461 OPERATING SURPLUS/(DEFICIT) OTHER GAINS/(LOSS) Nett Surplus SOLAR ARRAY INCOME SINCE INSTALLATION 82,412 PREVIOUS YEARS £73,438 THIS YEAR £8,974 MANAGED INCOME SPLIT EST ACTUAL MEMBERS 2/3RDS 77,499 £ 69,000 £ HIRERS 1/3RD 38,749 £ 48,423 £ |
2024 | 2024 | 2023 | |
|---|---|---|---|---|
| INCOME OME |
||||
| 12,245 | 11,303 | |||
| 8,213 | 7,993 | |||
| 46,495 | 40,609 | |||
| 2,047 | 2,045 | |||
| 69,000 | £61,950 | |||
| 48,423 | £44,251 | |||
| 117,423 | £106,201 | |||
| 4,426 | £1,729 | |||
| 8,974 | £9,031 | |||
| 0 | £0 | |||
| 130,823 | £116,961 | |||
| 52,634 | £49,542 | |||
| 0 | £0 | |||
| 13,540 | £6,923 | |||
| 4,640 | £4,438 | |||
| 1,387 | £1,756 | |||
| 970 | £950 | |||
| 73,171 | ||||
| 9,721 | £7,193 | |||
| 599 | £586 | |||
| 6,824 | £5,315 | |||
| 17,144 | ||||
| 687 | £765 | |||
| 8,774 | £8,779 | |||
| 9,461 | ||||
| Surplus | 99,776 | £86,247 | ||
| 31,047 | £30,715 | |||
| 0 | £0 | |||
| 31,047 | £30,715 | |||
| 73,438 64,407 9,031 |
INCOME FROM 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 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 2024, 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:
-
examine the accounts (under section 145 of the 2011 Act);
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145 (5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
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.
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NEW MILTON AND DISTRICT COMMUNITY ASSOCIATION
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
1) which gives me reasonable cause to believe that in any material respect, the requirements
-
[ ] to keep accounting records in accordance with section 130 of the 2011 Act; and
[ ] to prepare accounts which accord with the accounting records and comply with the requirements of the 2011 Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Paul Root
Paul Root BA FCA
HOPE JONES. Chartered Accountants Dunlop House 23a Spencer Road New Milton Hampshire BH25 6BZ
Dated: 29/05/2025
Page 7