Bridgemary, Rowner & Woodcot Community Association Charity Nurnber: 900276 Bridgemary, Rowner & Woodcot Community Association Annual Accounts st For The Year Ending 31 March 2024
Bridgemary. Rowner & Woodcot Community Association Charity Number: 900276 ACCOUNTANTS REPORT We have prepared these accounts, without audit, from the records and information supplied J. Humphry Associates Ltd 9 September 2024
Bridgemary, Rowner & Woodcot CommunityAssociation Charity Number- 900276 Inde endent Examiner's Re ort to the Trustees of Brid Woodcot Communi Association ema Rowner & I report to the charity trustees on my examination of the accounts of the charityfor the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees you are responsible for the preparotion of the accounts in occordance with the requirements of the Chorities Art 2011 ( the ACY). I report in respect of my examination of the charity's accounts carried out under Section 145 of the Act and in cclrrying out my examination I have followed all the applicable Dirertions given by the Charity Commission undersertion 145(5J{bJ of the Act. Independent examiner's statement Charities with gross income exceeding £25,(0 must be examined by t7 member of a body listed in section 145 of the Act. I confirm that l am quolified to undertake the examination because l am a member of the Association of Accounting Technicians, which is one of the listed bodies. I have completed my examination. I confirm that no materiol motters have come to my attention in connection with the examinGtion giving me cause to believe that in any material respert.. accounting records were not keptin respert of the charity as required bysection 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not comply with the opplicable requirements concerning theform and content of occounts set out in the Charities (Accounts and Reports) Regulations 2008 other than ony requirement thot the Gccounts give a true andfair view, which is not a matter considered as partof an independent examinotion. I have no concerns and have come across no other motters in connection with the examination to which attention should be drawn to this report in order to enable a proper understanding of the accounts to be reached. James Piper FMAAT ATf FLAB J Humphry Associates Ltd Ila The Green Stubbington P014 2JG Dated 09 September 2024
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Bridgemary, Rowner & Woodcot Community Association Charity Number.. 900276 Balance Sheet Notes 2024 2023 Fixed Assets Tangible Investments Total Fixed Assets 9,128 4,608 9,129 4,609 Current Assets Sales Ledger Prepayment5 Bank Cash 957 532 9,310 390 180 500 10,566 1,628 Current Liabilities Accruals 600 178 Total Current Assets 19,717 17.306 Liabilities Creditors: more than one year Total Net Assets and Llabilities 19,717 17,306 Represented by General Fund: Unrestricted Funds Designated Funds Restricted Funds 10,589 12,697 Total Fund 10,558 12,697 Fixed Asset Restatement Account Investment Account 9,128 4,608 Closing Balance 19,717 17.306 The Financial St(Jteme s were approved by the BR& WA by." Name.. Date.. 2*
Bridgemary. Rowner & Woodcot Cornmunity A5sociatr"on Charity Number: 900276 Notes to the Financial Statements Accounting policies Basis of financial Statements The financial statements have been prepared under in accordance with 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 IFRS 102) las updated through Update Bulletin I published on 2 February 2016 and bulletin 2 published 5 October 20181, the financial reporting standa rd applicable in UK and Republic of Ireland {FRS 102), the Charities Act 2011 and UK generally accepted practice IUK GAAP). The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions. assets, and liabilities for which the BR&WA is responsible in law. They do not include the accounts of any connected entity that have their filing requirements. The accounts have been prepared in GBP, which is the functional currency for the charity and rounded to the nearest whole £. Fund accounting Unrestricted funds are general funds which can be used for the charity's ordinary purposes. Designated funds are general funds set aside by the BR&WC for use in the future. Project funds are designated for particular projects for administration purposes only. Restricted funds represent lal income from trusts of endowments which may be expended only on those restricted objects provided in the terms of the trust of bequest, and Ibl donations or grants received for a specific object or invited by the charity for a specific object. The funds may only be spent on the specific object for which they were given. Any balance remaining unspent at the year- end must be carried forward as a balance on that fund. Incoming resources Income is recognised on an accrual basis allowing for timing difference5 that may occur in the provision of normal charitable activity, trading, and governance. Resources expended Resources expended are calculated on an accrual basis allowing for timing differences that may occur in the provision of normal charitable activity, trading, and governance.
Bridgemary. Rowner & Woodcot Communtty Association Charity Number: 900276 l. Incoming Resources Unrestricted Designated Restricted Total 2024 Total 2023 1.1 Hire Rent and Members Hire Charges Rent Membership Fees Total hire, rent, members 15,192 3,000 4,930 23,122 15,192 3,000 4,930 23.122 13,143 3,000 4,399 20,542 1.2 Donations and Covenant Donations Covenant Total donation and covenant 1,368 18,000 19,368 1,368 18,000 19,368 12,712 12,712 1.3 Grants and Sund Grants Sundry Total Grant and sundy 5,000 5,310 10,310 5,000 5,310 10,310 4,325 4,325 Total Income resources 52,800 52,800 38,419 2. Resources Expended Unrestrirted Designated Restricted Totol 2023 Total 2023 2.1 Buildin Costs Rates Light and Heat Water Rent Gaming Licence Liquor Licence Tv Licence PRS Repair and Maintenance Other Premises Cost Insurance Printing, Postage and Stationery Capital Purchases Total building and office costs and Office 180 14,856 180 14,856 829 13,123 2,828 50 2,828 50 1,774 42 117 159 132 8,572 2,721 2,330 114 159 849 15,138 2,137 3,545 469 159 15,138 2,137 3,545 469 4,520 44,731 4,520 44,731 2,218 30,691 2.2 Events Entertainment 8,911 8,911 8,471
Bridgemary. Rowner & Woodcot Community Association Charity Number= 900276 Gifts and Prizes Total Events costs 640 9,550 640 9,550 1,067 9,538 2.3 Sund Sundry Accountancy Fees Total Sundry 80 550 627 80 550 627 412 950 1,362 3.1 Fixed Assets New fixed assets that were purchased in the year are as follows: Chairs - £3,720 Television - £800 No Depreciation was charged in the year. 3.2 Investments Thi5 relates to the investment in the related OanIsation 5 Brewer5 Limited who conducts trading activitie5 on the association's premises 4.1 Sales Ledger At year end the following was outstanding to BR&WC: 957 4.2 Prepayments At the year-end prepayments were made up of the following". Rent £532 5.1 Accruals: This related to the following: £600-Accountancy fee accrual 6.1 Fixed Asset Restatement Account Fixed assets have been restated as they have previously been written off in the year in which they were purchased 6.2 Investment Account This 15 related to the share ownership of 5 Brewer Limited being restated in the accounts.
Bridgemary. Rowner & Woodcot CommunÉty Association Charity Number: 900276 Simplified Accounts.. YE 31 March 24 YE 31 March 23 Income Grants Holl Hire Members Rent Covenant Sundry Totol Income 5,000 15,192 4,930 3,000 18,000 6,678 52,800 13,143 4,399 3,000 12,712 4,325 38,418 Expenditure Rent Rates Light and Heat Water Gaming Licence Liquor Licence Tv Licence PRS Repair and Maintenonce Capital Purchases Insurance Accountants Entertainment Gifts, Prizes and Donations Printing, Postoge and Stationery Sundry Computer Costs Other Premises Costs 2,828 180 14,856 1, 774 829 13,126 50 42 117 159 132 8,572 2,218 2,330 950 7, 771 1,067 114 412 159 849 15,138 4,520 3,545 550 8,911 640 469 77 1,969 1,977 54,908 41,591 Surplus/(deficit) for the year (2,108) (3,172)
BRIDGEMARY ROWNER & WOODCOT COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT RECEIPTS & PAYMENTS ACCOUNT STATEMENT OF ASSEfs AND LIABILITIES 31 MARCH 2024 Charity Registration No. 900276
BRIDGEMARY ROWNER & WOODCOT COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT Year Ended 31 March 2024 SECTION A- REFERENCE AND ADMINISTRATION DETAILS The Charity: Registered Name: Bridgemary, Rowner & Woodcot Community Association Registered Charity no. 900276 Registered Address: Wych Lane, Bridgemary, Gosport, Hampshire P013 OJN Chairty Trustees: The Trustees who served during the year ended 31 March 2024 were: Mrs L Gaskin (Chairtill Oct 2023) Mr A Bound (Chair from Oct 20231 Mrs B J Miller (Secretary & Membership Secl Mrs B Pottle (Secretary from Oct 2023) Mrs J Williams (Treasurer till Oct 2023) Ms R Hart (Treasurer from Oct 2023) Mr B Long {Vice Chair from Oct 2023) Mrs V Price Mrs D Healy {Entertainmentl Mrs J Algar Mr M Pearce Mr P Walker Mrs Tume Ms J Kendall Mr J Butler Ms S Piper SEcfioN B-STRucfuRE, GOVERNANCE AND MANAGEMENT Legal Status: Unincorporated Association Constitution: Bridgemary, Rowner & Woodcot Community Association (the Association) is a registered charity formed under a trust deed dated 9 May 1989 and is governed by a General Committee (the Committee), the members of which are managing trustees within the meaning of the Charities Act 2011. The Committee meets approximately 10 times per year. Trustees are elerted by a simple majority at a quorate general meeting. Trustees may be co-opted by the Committee to fill a casual vacancy. Routine operating decisions are taken by simple majority of a quorate Committee. Major operating and constitutional decisions are taken by a requisite majority of members in general meeting.
Risk management policy The Board has reviewed the major risks to which it considers the Association is exposed and has ensured that adequate systems have been established to mitigate those risks. Policies for furtherance of objectives It is the policy of the Association to provide facilities for welfare organisations, further education classes and social and leisure activities for the benefit of the inhabitants of Bridgemary, Rowner & Woodcott. The facilities include the hire of the hall for private rneetings or functions at very competitive prices. There have been no significant changes in policies since the last annual report. Powers The Association is permitted by its constitution to engage in any lawful activity as shall further its charitable objectives and may invest money not immediately required for its objectives in such investments. securities, or property as it thinks fit. Related Organisation 5 Brewers Limited 5 Brewers Limited (the trading company) is employed by the Association to manage the bar and other trading activities conducted on the Association's premises. Charges fortransactions between the Charity and trading company are made at amounts that, in the opinion of the Committee, equate to a fair market value. The trading company donates its corporation tax adjusted profits to the Association under Gift Aid arrangements as a covenant each year {see Section E). The Association is shareholder of the trading company. SECTION C- OBJECTIVES AND ACTIVITIES Objectives The objectives of the Association are to encourage and provide facilities for promoting social welfare and recreation for the inhabitants of Bridgemary, Rowner and Woodcot and the surrounding neighbourhood. In the furtherance of those objectives the Association is required to maintain and manage a community centre in co-operation with the local statutory authorities. Activities The BRWCA has continued to provide facilities for the benefits of members of the local community. Several groups hirethe hall on a weeklyor monthly basis-MondayandThursday line dancin Solent Outreach, Ladybird Club, Headway, Young At Heart keep fit and the Women's Institute. The Association also has darts and pool teams which play in the local leagues. SEcfioN D-ACHIEVEMENTS AND PERFORMANCE
A full programme of entertainment was scheduled including singers, summer family fun day, Burns Night, quizzes, kids, Christmas party and panto, and New Year celebrations. An Easter Egg hunt was held for the children and trips to Goodwood Races and Weymouth also took place during the summer. The hall is also available for private functions such as birthday, christening and wedding parties, and the Association supports local charities with subsidised hall hire fees. The receipt of a substantial covenant received from 5 Brewer5 Ltd (see below) enabled the redecoration of the main hall (including new window blinds) amounting to £4,983, the purchase of 100 replacement chairs at a cost of £3,720 as well as ongoing repairs and general maintenance. The Association appreciates the hard work of members and staff of the trading company, who give their time to or8anise the above events on behalf of the approximately 300 members, as of March 2024. SEcfioN E- FINANCIAL REVIEW Reserve5 policy The Association's policy is to hold sufficient reserves to enable it to withstand a financial setback or take advanta8e of an opportunity. Financial position The Trustees are satlsfied with the financial position of the Association and that the assets are sufficient to meet its current commitments. Due to the energy crisis the electricity direct debit this year wa5 increased significantly £IOOO to £1,525 per month. The Association charges an amount to the trading company for rent and utilities. The Association was pleased to receive a covenant of £18,000 in June 2023 from 5 Brewers Limited, being the tax adjusted profit made during the limited trading period of this year. SEcfioN F - DECLARATION The Trustees declare that they have approved the trustees, report above: Sign donb alf of Trustees: Chair-A Bound (Mr} . Trea5urer- R Hart (Ms)
STATEMENT OF ASSETS AND LIABILITIES As of 31 March 2024 Tangible fixed assets: Furniture and equipment Less." provision for depreciation Note 9,128 Fixed Asset Investment Total 9,129 Current Assets Sales Ledger Prepayments Cash at bank and in hand 957 532 9,699 Current Liabilitie5 Accrual 600 EXCESS OF ASSETS OVER (LIABILITIES) 19,717 NOTES Fixed asset investment This represents a 100% interest in the ordinary share capital of 5 Brewers Limited, the Association's trading company. Trustees, remuneration Neither the trustees nor anyone connected with them received any remuneration in connection with their serIce5 as trustees of the Charity. 3. Trustees, ex No trustees or anyone connected with them received reimbursement for their expenses incurred in carrying out Trustee activities. enses 4. Cor oration tax The charity is registered with the Charity Commissioners, and as such is exempted by HM Revenue and Customs from liability to corporation tax on its operating surpluses and investment income while it pursues its charitable objectives.
Approved by the Board Trustees on 26 September 2024 and signed on its behalf hair-A Bound (Mr) . Treasurer- R Hart (Ms)