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:-
- Recruitment
- Finding Potential Trustees
- 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:
- 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.
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.
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