2023-12-31-accounts

Charity registration number 301938

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr C J Moore Mrs A C Foulds Mr P Humphreys Mr E A Honey

Charity number 301938 Independent examiner HJS Accountants Limited Tagus House 9 Ocean Way Southampton Hampshire United Kingdom SO14 3TJ

Bankers

HSBC 71 West Street Fareham Hampshire PO16 0AN BS1 6HU

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

CONTENTS

	Page
Trustees' report	1 - 2
Statement of Trustees' responsibilities	3
Independent examiner's report	4
Statement of financial activities	5
Balance sheet	6
Notes to the financial statements	7 - 16

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

To promote the wellbeing of the community and residents in the Sarisbury Ward of the Borough of Fareham and its immediate neighbourhood by association with local authorities, voluntary youth and adult organisation in a common effort to further health, to advance education, to provide a meeting place and facilities for physical and mental training, recreation and social, moral intellectual development, and to foster a community spirit for the achievement of these and other such purposes as may by law be deemed charitable.

To establish, maintain and manage a Community Centre for activities promoted by the Association and its constituent members in furtherance of the above objects, or any of them. The Association shall be non-political and non-sectarian.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance

The Community Centre continues to see the facilities we offer being used regularly by the local community, members and regular users of the Centre. Our groups also continue to use the facilities without any loss this year.

Our usual fundraising events (i.e. Show on the Green, monthly Bar Quiz donations, Tribute evenings, Beer Festival, etc.,) continue to be well supported this year thus boosting our Income. The hire of rooms for private bookings for wedding receptions, birthdays, etc., continues to add a welcome boost to our income.

The Tea Dances held on Monday afternoons are well attended.

All our regular groups, for example Sarisbury Green Pre-School, The Arts Society, Communicare Lunch club, exercise groups, etc., have continued to use our premises.

The ongoing upgrade of our electrical system, as and when funds allow, continue throughout this year, with ongoing upgrades already booked for 2024.

Financial review

Overall, income has increased by 18% to £132,647 while expenditure increased 45% to £116,958. The surplus before other gains and losses was therefore £15,689 (2022: gain of £31,804).

Reserves

It is the policy of the Charity to maintain funds at a level which equate to no less than three months unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs. Unrestricted funds are maintained at least to this level throughout the year.

Structure, governance and management

The Charity is a registered in England and Wales and governed by its Trust deed. It was registered on the 4th March 1964.

• 1 -

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees who served during the year and up to the date of signature of the financial statements were: Mr C J Moore Mrs A C Foulds Mr P Humphreys Mr E A Honey

Appointment of Trustees is governed by the Trust Deed of the Charity. The Board of Trustees is authorised to appoint new Trustees to fill vacancies arising through resignation or death of an existing Trustee. Any vacancies are filled by recognising gaps in the skills, capacity and experience of existing trustees. New trustees receive induction and training in their role and this process is reviewed by the Trustees regularly.

Administrative Information

Chairman	Mr E Honey
Vice Chairman	Mr C Moore
Honorary Treasurer	Mr P Humphreys (New Horizons)
Secretary	Mrs L Moore
Life Member	Mrs J Jackson
Life Member	Mr R Jackson
Life Member	Mrs A C Foulds
Manager	Mrs S Boggust
Executive Committee
Individual Members	Mr D Foulds
	Mr J Downer
Group Members	Badminton (Mr R Cannadine)
	Sarisbury Green Horticultural Society/Women's Institute (Mrs A Foulds)
	Communicare (Mrs J Pilgrim)
	Sarisbury Green Camera Club (Mr J Fox)
	Sarisbury Green Pre-School (Mrs K Heaney)
	The Arts Society (Mr J Robertson)
	Probus (Mr John Robertson)
	Sarisbury Green Choral Society (Miss K Kopte)
	New Horizons Band (Mr P Humphreys)
	War Games (Mr I Carbutt)

Affiliated groups with no representation: Floral Art; Embroidery & Patchwork; Swanwick Lions; Rifle Club.

Charity Office Sarisbury Green Community Centre The Green Sarisbury Green Southampton Hampshire S031 7AA Telephone [phone] Web site www.sarisburygreen.org.uk Email [e-mail]

The Trustees' report was approved by the Board of Trustees.

Mr E A Honey Trustee

26 September 2024

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SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

• 3 -

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

I report to the trustees on my examination of the financial statements of Sarisbury and District Community Centre Association (the Charity) for the year ended 31 December 2023.

Responsibilities and basis of report

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

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

Independent examiner's statement

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

• 1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

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

Sarah Corbett FCA DChA

HJS Accountants Limited

Tagus House 9 Ocean Way Southampton Hampshire SO14 3TJ United Kingdom

Dated: 26 September 2024

• 4 -

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

				Unrestricted	Restricted	**Total **	Unrestricted
				funds	funds		funds
				2023	2023	2023	2022
			Notes	£	£	£	£
Income from:
Donations and grants			3	940	4,500	5,440	4,144
Income from charitable activities			4	105,942	-	105,942	91,065
Other income			5	21,110	-	21,110	17,180
Investments			6	155	-	155	15
Total income				128,147	4,500	132,647	112,404
Expenditure on:
Raising funds			7	23,423	-	23,423	8,244
Charitable activities			8	93,530	-	93,530	72,356
Total expenditure				116,953	-	116,953	80,600
Net incoming resources before transfers				11,194	4,500	15,694	31,804
Gross transfers between funds				4,500	(4,500)	-	-
Net income for the year/
Net movement in funds				15,694	-	15,694	31,804
Fund balances	at 1 January 2023			217,702	-	217,702	185,898
Fund balances at 31 December 2023				233,396	-	233,396	217,702

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

• 5 -

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

BALANCE SHEET

AS AT 31 DECEMBER 2023

		2023			2022
	Notes	£	£	£		£
Fixed assets
Tangible assets	13		190,881			169,482
Investments	14		5			-
			190,886			169,482
Current assets
Stocks	16	911		839
Debtors	17	900		5,999
Cash at bank and in hand		44,047		45,798
		45,858		52,636
Creditors: amounts falling due within
one year	18	(3,348)		(4,416)
Net current assets			42,510			48,220
Total assets less current liabilities			233,396			217,702
Income funds
Unrestricted funds			233,396			217,702
			233,396			217,702

The financial statements were approved by the Trustees on 26 September 2024

Mr E A Honey Trustee

• 6 -

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

Sarisbury and District Community Centre Association is a charity registered in England and Wales. The Charity address is Sarisbury Green Community Centre, The Green, Sarisbury Green, Southampton, SO31 7AA.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's Trust deed, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

• 7 -

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings not provided Fixtures and fittings 20% reducing balance Computers 20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the Charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

• 8 -

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.11 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.12 Taxation

The Charity is exempt from corporation tax on its charitable activities and is not required to be registered for VAT purposes.

1.13 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

• 9 -

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and grants

	Unrestricted	Restricted	**Total **	Unrestricted
	funds	funds		funds
	2023	2023	2023	2022
	£	£	£	£
Donations and gifts	940	4,500	5,440	4,144

4 Income from charitable activities

	2023	2022
	£	£
Activities generating funds	105,942	91,065

5 Other income

	**Unrestricted **	Unrestricted
	funds	funds
	2023	2022
	£	£
Bar rental income	21,110	11,130
Insurance claim receipt	-	6,050
Other income	21,110	17,180

• 10 -

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

6 Investments

	**Unrestricted **	Unrestricted
	funds	funds
	2023	2022
	£	£
Interest receivable	155	15

7 Raising funds

		**Unrestricted **	**Unrestricted **	Unrestricted	Unrestricted
			funds		funds
			2023		2022
			£		£
	Fundraising costs		23,423		8,244
			23,423		8,244
8	Charitable activities

	2023	2022
	£	£
Administration Salaries	22,351	20,196
Light and Heat	16,327	15,081
Insurance	3,357	3,034
Licences	1,972	1,329
Cleaner and Handyman Wages	5,897	8,232
Repairs and maintenance	16,108	12,391
Cleaning materials	9,978	3,676
Stock movement	(72)	78
Hire of equipment	719	-
	76,637	64,017
Share of support costs (see note 9)	11,423	5,739
Share of governance costs (see note 9)	5,470	2,600
	93,530	72,356

• 11 -

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

9 Support costs

Support costs
	Support		Governance			2023	Support		Governance			2022
		costs		costs				costs		costs
		£		£		£		£		£		£
Printing, postage &
stationery		2,399		-		2,399		998		-		998
Telephone		1,209		-		1,209		1,047		-		1,047
Sundry		-		-		-		60		-		60
Bank charges		529		-		529		189		-		189
Depreciation		7,003		-		7,003		3,445		-		3,445
Charitable Donations		215		-		215		-		-		-
Staff Welfare		68		-		68		-		-		-
Independent Examination
fees		-		5,470		5,470		-		2,600		2,600
		11,423		5,470		16,893		5,739		2,600		8,339
Analysed between
Charitable activities		11,423		5,470		16,893		5,739		2,600		8,339

• Governance costs includes payments to the accountants of £5,470 (2022 £2,600) for fees in respect of the Independent Examination.

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

11 Employees

The average monthly number of employees during the year was:

2023	2022
Number	Number
3	3

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

13 Tangible fixed assets

13	Tangible fixed assets
		Freehold land		Fixtures and		Computers			Total
		and	buildings		fittings
			£		£		£		£
	Cost
	At 1 January 2023		146,766		16,426		47,965		211,157
	Additions		-		27,757		645		28,402
	At 31 December 2023		146,766		44,183		48,610		239,559
	Depreciation and impairment
	At 1 January 2023		-		1,498		40,177		41,675
	Depreciation charged in the year		-		5,372		1,631		7,003
	At 31 December 2023		-		6,870		41,808		48,678
	Carrying amount
	At 31 December 2023		146,766		37,313		6,802		190,881
	At 31 December 2022		146,766		14,928		7,788		169,482
14	Fixed asset investments
									Listed
								investments
									£
	Cost or valuation
	At 1 January 2023								-
	Additions								5
	At 31 December 2023								5
	Carrying amount
	At 31 December 2023								5
	At 31 December 2022								-
							2023		2022
	Other investments comprise:			Notes			£		£
	Investments in subsidiaries			15			5		-

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SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

15 Subsidiaries

Details of the Charity's subsidiaries at 31 December 2023 are as follows:

Name of undertaking	Registered	Nature of business	Class of	% Held
	office		shares held	Direct Indirect
Sarisbury Green C A	Sarisbury Green	Licensed Bar	Ordinary	100.00
Services Limited	Community
	Centre, Sarisbury
	Green,
	Southampton,
	Hampshire,
	SO31 7AA

16 Stocks

16	Stocks
			2023		2022
			£		£
	Finished goods and goods for resale		911		839
17	Debtors
			2023		2022
	Amounts falling due within one year:		£		£
	Trade debtors		-		990
			2023		2022
	Amounts falling due after more than one year:		£		£
	Other debtors		900		5,009
	Total debtors		900		5,999
18	Creditors: amounts falling due within one year
			2023		2022
		Notes	£		£
	Other taxation and social security		228		826
	Deferred income	19	-		990
	Accruals		3,120		2,600
			3,348		4,416

• 14 -

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

19 Deferred income

	2023		2022
	£		£
Other deferred income	-		990
Deferred income is included in the financial statements as follows:
	2023		2022
	£		£
Deferred income is included within:
Current liabilities	-		990
Movements in the year:
Deferred income at 1 January 2023	990		-
Resources deferred in the year	(990)		990
Deferred income at 31 December 2023	-		990

20 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

	Movement		Movement in funds	Movement in funds
	in funds
	Incoming	Balance at	Incoming	Transfers	Balance at
	resources	1 January 2023	resources		31 December
					2023
	£	£	£	£	£
Installation of automatic doors	-	-	4,500	(4,500)	-

Installation of automatic doors

Donations received from Fareham Borough Council for the installation of automatic doors for the Community Centre.

21 Related party transactions

• 15 -

SARISBURY AND DISTRICT COMMUNITY CENTRE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

21 Related party transactions

(Continued)

The following amounts were outstanding at the reporting end date:

	Amounts owed by related	Amounts owed by related	Amounts owed by related	Amounts owed by related
	parties		parties
	2023		2022
	Balance	Net	Balance	Net
	£	£	£	£
Other related parties	900	900	5,009	5,009
	900	900	5,009	5,009

• 16 -