**Charity registration number 1025525** # **WYCOMBE MULTICULTURAL ORGANISATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022** ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Trustees** Dr T Adoh Mr K Bonsu Mr H Oriabure Mr L Bute Mr B Lewis Ms J Joseph (Appointed 26 September 2021) (Appointed 26 September 2021) (Appointed 26 September 2021) **Charity number** 1025525 **Principal address** Hilltop Community Centre Crest Road High Wycombe Bucks HP11 1UA **Independent examiner** Azets Audit Services Suites B & D Burnham Yard Beaconsfield Bucks HP9 2JH ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **CONTENTS** ||**Page**| |---|---| |Trustees report|1 - 4| |Independent examiner's report|5| |Statement of financial activities|6 - 7| |Balance sheet|8| |Notes to the financial statements|9 - 22| ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **TRUSTEES REPORT** ## _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ The trustees present their annual report and financial statements for the year ended 28 February 2022. 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, 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). ## **Our Mission** Our mission is to provide support and services that will improve the educational, economic, social, physical, and spiritual well-being of the African/Caribbean community in High Wycombe and its surrounding areas. And to provide space and facilities in the interest of all members of the local community to meet their educational, recreational and social needs. ## **Our Objectives** Wycombe Multicultural Community Organisation (WMCO) is a community charity that represents and will be the HUB of the interests of approximately 6000 people from African Caribbean heritage backgrounds in High Wycombe and the surrounding area. As a community organisation and a facility provider we can offer several different activities and services at the Hilltop Community Centre, as well as a facility space to enable all members of the community to be brought together to help meet their educational, recreational and social needs. ## **Youth Support** Akacia Complementary Saturday school caters for the extra-curricular needs of African Caribbean children aged 5-16 years. Education catchup revision courses for Year 11 children about to take their GCSE exams and preparing the Year 10 children one year before their exams. WMCO will work with our local partners to provide Community Mentoring projects to promote social cohesion by connecting young people with a diverse range of passionate volunteers from the community. WMCO is actively setting up a regular youth club for those under 16. ## **Community Funding** WMCO will actively seek and apply for funding that would benefit the community with emphasis on our youth and their education, general health and well-being and the support of our senior citizens. ## **Leisure activities (Arts, Craft and Music)** We have a dedicated Leisure Officer who is responsible for the ongoing leisure time activities for the Organisation and the community. They plan and develop fundraising activities and events and work with other organisations to share views and develop working relationships such as joint ventures. ## **Members Support** We have a dedicated Social Welfare Officer who actively keeps in contact with members that may fall ill, suffer from a family bereavement or we have not had contact for some time. ## **People / Skills Development Officer** We have a dedicated and qualified People Skills Development Officer that can advise on Human Resources working issues and help individuals enhance and development the skills needed for the industry and roles they want to pursue. - 1 - ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **Organise Annual Community Events / Celebrations** We organise annual celebrations for the community which includes Black History month celebrations, St Vincent Independence Day, the annual New Years Eve dance, the annual community BBQ, quiz nights as well as onetime celebrations like the Queens Jubilee. ## **Senior Citizens Support** WMCO is actively setting up a regular senior citizens get together where they can meet up reminisce, eat and drink together. ## **Social Media Communication** WMCO will regularly update our social media (i.e. Facebook and Instagram) with content that informs and benefits the community in a variety of areas such as: Graduate schemes targeting African Caribbean graduates Current affairs and topics Recent community deaths and funeral dates Social & fund raising events Provide services to the local community Education and training Akacia Supplementary Saturday School Specialist tutoring, e.g. GCSE revision courses Training and support for people with special needs Advice and support for people who need help developing the employability skills Social and leisure activities **Through our Hilltop community centre we provide spaces for various sports, social and leisure activities, e.g.** Sports clubs Private social functions such as weddings, birthdays and christenings Dominoes club and other social get-togethers Cultural events Baby and toddler groups Hosting of community events and celebrations Welfare services Access to health clinics and health programmes Senior citizens support group Hardship support Community Hub ## **A physical community hub for the local African Caribbean community** Through the website and social media, we are the advertising and communications hub for the community. ## **Forthcoming Initiatives** Mentoring - WMCO will work with our local partners to provide Community Mentoring projects to promote social cohesion by connecting young people with a diverse range of passionate volunteers from the community. ## **WMCO is actively setting up a youth club for those under 16** We have a dedicated and qualified People Skills Development Officer that can advise on Human Resources working issues and help individuals enhance and development the skills needed for the industry and roles they want to pursue. ## **Raise funds for the benefit of the local community** WMCO actively seeks and applies for funding that would benefit the community, with an emphasis on young people and their education, general health, well-being and support of our senior citizens, and cultural enrichment. - 2 - ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **Achievements and performance** ## **Chairman's comments:** I was pleased to be appointed Chairman of WMCO in September 2021 with the task of delivering on many of the objectives highlighted above. I would like to thank the former chairman Sebert Graham for all his hard work and dedication over the years. Despite the UK still suffering from the effects of the pandemic during part of 2021, WMCO managed to deliver 4 key projects: - The kitchen extension and refurbishment was completed and opened in November 2021 following funding secured from Heart of Bucks BCRA fund, John Apthorp Chairty, Rothschild Foundation, Bernard Sunley, Red Kite Community Housing Springboard Fund, LHC Community Benefit Fund, Buckinghamshire Council and Heart of Bucks BP Collins Fund. This was the last major phase of the refurbishment of the community centre which has significantly enhanced the offering of the Hilltop centre with the aim to increase the revenues from increased kitchen and bar usage. - The new WMCO website (www.wmco.co.uk) was developed and launched in January 2022 which sets out our mission, vision, aims and objectives. Visitors can donate directly to the charity or download a membership form to join. The website highlights the tremendous work being performed by the Akacia Saturday school along with starting to build up a database of local community businesses as well as a memorial page for those that have left us. - We applied and successfully received funding from the Morrisons Foundation and the Clare Foundation to hold free Math’s revision courses for the Year 11 students taking their GCSE Math’s exams this summer. We recruited 5 expert Math’s teachers from the same background who delivered an excellent revision course for 35 of our local children to prepare them for their exams. All of the children achieved or exceeded their predicted grades. - WMCO successfully started an adult football team with the objective of engaging younger members of the community whilst marketing the charity locally. The WMCO membership more than doubled in the 5 months from 26 in September 2021 to 54 in February 2022. The financial performance of the charity significantly improved compared to the prior year which was adversely affected by the Covid-19 pandemic. The income from the Hall Hire increased by 34% to £46,803 and the grants doubled to £112,754 after awards from the following funders to which we are grateful for their support: The Anson Charitable Trust - £1,000 Bernard Sunley Foundation - £10,000 Bucks HW Community fund - £8,723 The Clare Foundation - £2,520 Morrisons Foundation - £5,140 National Lottery Awards for All - £9,786 National Lottery Community Fund - £48,085 Rothschild Foundation - £25,000 Shanly Foundation - £2,500 I would like to express my gratitude to the regular hall hirers, our growing membership, our volunteers, the dedicated staff and to the funders listed above and Bucks Council for their support of the WMCO charity. Best Wishes Brian Lewis Chairman - 3 - ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **Financial review** The Trustees have kept under review the reserves policy. Consideration was given to funding risks and funds are kept at a level to ensure all financial commitments can be met. The unrestricted funds are available to be spent for any of the purposes of the charity. Unrestricted general and designated funds at the year end were £94,414 (2021: £63,677). The balance of the restricted funds at the year end was £162,305 (2021: £127,594). ## **Risk management** The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Structure, governance and management** Wycombe Multicultural Organisation is controlled by its governing document, a constitution adopted on 28 March 1993. Its working name is WMCO. The trustees who served during the year and up to the date of signature of the financial statements were: Dr T Adoh Mr K Bonsu Mr S Gould (Retired 26 September 2021) Ms Y Hector (Retired 26 September 2021) Mr R Mathias (Retired 26 September 2021) Mr H Oriabure Mr G Toney (Retired 26 September 2021) Mr L Bute (Appointed 26 September 2021) Mr B Lewis (Appointed 26 September 2021) Ms J Joseph (Appointed 26 September 2021) ## **Recruitment and appointment of new trustees** The Organisation is managed by a group of Trustees and a Management Committee, whom are elected at the AGM. The Committee comprises of members (volunteers) with a diverse range of skills and backgrounds. All Committee members are people from the local community and have a genuine interest in the benefits that the Organisation brings to those who live in the Wycombe District; working together to meet their social, cultural and educational needs of the community. The trustees report was approved by the Board of Trustees. ## **Mr B Lewis** Chairman of Trustees Dated: 14 December 2022 - 4 - ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF WYCOMBE MULTICULTURAL ORGANISATION** I report to the trustees on my examination of the financial statements of Wycombe Multicultural Organisation (the charity) for the year ended 28 February 2022. ## **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. Mr C Nisbet FCA ## **Azets Audit Services** Suites B & D Burnham Yard Beaconsfield Bucks HP9 2JH Dated: 14 December 2022 - 5 - ## ## |**Total**|||**2021**|**£**||56,214||34,933|2,281|44|11,500|104,972||2,227|56,090|58,317||46,655| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Restricted**|**funds**||**2021**|**£**||56,002||-|-|-|-|56,002||-|31,148|31,148||25,854| |**Total Unrestricted Unrestricted**|**funds**
**funds**|**general**
**designated**|**2022**
**2021**
**2021**|**£**
**£**
**£**||113,054
212
-||48,842
34,933
-|5,202
2,281
-|10
44
-|29,907
11,500
-|197,015
48,970
-||5,047
2,227
-|126,520
24,942
-|131,567
27,169
-||65,448
20,801
-| |**Restricted**|**funds**||**2022**|**£**||112,754||1,173|-|-|-|113,927||30|79,186|79,216||34,711| |**Unrestricted Unrestricted**|**funds**
**funds**|**general**
**designated**|**2022**
**2022**|**£**
**£**||300
-||47,669
-|5,202
-|10
-|29,907
-|83,088
-||5,017
-|47,334
-|52,351
-||30,737
-| |||||**Notes**||**2**||**3**|**4**|**5**|**6**|||**7**|**8**|||| ||||||**Income and endowments from:**|Donations and legacies|Charitable activities|Hire of the centre and related income|Other trading activities|Investments|Other income|**Total income**|**Expenditure on:**|Raising funds|Charitable activities|**Total expenditure**|**Net income for the year/**|**Net movement in funds**| ## |**Total**|||**2021**|**£**|-||46,655|144,616|191,271| |---|---|---|---|---|---|---|---|---|---| |**Restricted**|**funds**||**2021**|**£**|1,000||25,854|101,740|127,594| |**Total Unrestricted Unrestricted**|**funds**
**funds**|**general**
**designated**|**2022**
**2021**
**2021**|**£**
**£**
**£**|-
(1,000)
-||65,448
20,801
-|191,271
35,876
7,000|256,719
56,677
7,000| |**Restricted**|**funds**||**2022**|**£**|-||34,711|127,594|162,305| |**Unrestricted Unrestricted**|**funds**
**funds**|**general**
**designated**|**2022**
**2022**|**£**
**£**|-
-||30,737
-|56,677
7,000|87,414
7,000| |||||**Notes**|||||| ||||||Gross transfers between funds|**Net income for the year/**|**Net movement in funds**|Fund balances at 1 March 2021|**Fund balances at 28 February 2022**| ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **BALANCE SHEET** ## _**AS AT 28 FEBRUARY 2022**_ |**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Stocks
**13**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**15**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**17**
Unrestricted funds
Designated funds
**18**
General unrestricted funds|**2022**
**£**
1,965
6,428
117,725
126,118
(9,673)
7,000
87,414|**£**
140,274
116,445
256,719
162,305
94,414
256,719|**2021**
**£**
1,820
6,337
103,721
111,878
(2,999)
7,000
56,677|**£**
82,392
108,879| |---|---|---|---|---| |||||191,271| |||||127,594
63,677| |||||191,271| The financial statements were approved by the Trustees on 14 December 2022 Mr B Lewis **Trustee** - 8 - ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **1 Accounting policies** ## **Charity information** Wycombe Multicultural Organisation is a registered charity, controlled by it's governing document, a constitution adopted on 28 March 1993. It's principal address is Hilltop Community Centre, Crest Road, High Wycombe, Bucks, HP11 1UA. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, 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)". 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 applying FRS 102 Update Bulletin 1 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. ## **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. Grants receivable are accounted for when there is sufficient information to enable the claim to be made or the claim has been made and there is clear indication to suggest the claim will be met. Grants which have conditions or time restrictions attached are deferred until these conditions or restrictions have been met. ## **1.5 Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. - 9 - ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **1 Accounting policies** ## **(Continued)** ## **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: Leasehold improvements Over 10 years straight line Fixtures and fittings Over 4 years straight line Computers Over 3 years straight line ## **1.7 Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **1.8 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. ## **1.9 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. - 10 - ## ||Total|||2021|£|212|56,002|56,214|||6,368|5,000|2,000|20,634|12,000|10,000|-|-|-|-|-|-|-|-|-|56,002| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||Restricted|funds||2021|£|-|56,002|56,002|||6,368|5,000|2,000|20,634|12,000|10,000|-|-|-|-|-|-|-|-|-|56,002| ||Unrestricted|funds|general|2021|£|212|-|212|||-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-| ||**Total**|||**2022**|**£**|300|112,754|113,054|||-|-|-|-|-|-|1,000|10,000|8,723|2,520|5,140|9,786|48,085|25,000|2,500|112,754| ||**Restricted**|**funds**||**2022**|**£**|-|112,754|112,754|||-|-|-|-|-|-|1,000|10,000|8,723|2,520|5,140|9,786|48,085|25,000|2,500|112,754| ||**Unrestricted**|**funds**|**general**|**2022**|**£**|300|-|300|||-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-| |**Donations and legacies**||||||Donations and gifts|Grants received|||**Grants receivable for core activities**|Locality|Heart of Bucks BCRA|Heart of Bucks BP Collins|CCLORS scheme|John Apthorp|Red Kite|The Anson Charitable Trust|Bernard Sunley Foundation|Bucks HW Community fund|The Clare Foundation|Morrisons Foundation|National Lottery Awards for All|National Lottery Community Fund|Rothschild Foundation|Shanly Foundation|| |**2**||||||||||||||||||||||||||| ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **3 Charitable activities** |Miscellaneous income
Football club income
Amounts received for hall hire
Analysis by fund
Unrestricted funds - general
Restricted funds|**2022**
**£**
866
1,173
46,803
48,842
47,669
1,173
48,842|**2021**
**£**
-
-
34,933| |---|---|---| |||34,933| |||34,933
-| |||34,933| ## **4 Other trading activities** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**general**|general| ||**2022**|2021| ||**£**|£| |Membership subscriptions|1,120|310| |Fundraising events|4,082|1,971| |Other trading activities|5,202|2,281| ## **5 Investments** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**general**|general| ||**2022**|2021| ||**£**|£| |Interest receivable|10|44| - 12 - ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **6 Other income** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**general**|general| ||**2022**|2021| ||**£**|£| |Buckinghamshire Council - COVID-19 support|16,907|11,500| |Buckinghamshire Council - rent subsidy|13,000|-| ||29,907|11,500| ## **7 Raising funds** |**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**
Fundraising and publicity
Bar purchases
4,121
30
Advertising
896
-
Fundraising and publicity
5,017
30
5,017
30|**Total**
Unrestricted
funds
general
**2022**
2021
**£**
£
4,151
2,202
896
25
5,047
2,227
5,047
2,227|**Total**
Unrestricted
funds
general
**2022**
2021
**£**
£
4,151
2,202
896
25
5,047
2,227
5,047
2,227| |---|---|---| |||2,227| |||2,227| - 13 - ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **8 Charitable activities** |**Provision of**
**the Centre**
**Provision of**
**the Centre**
**2022**
**2021**
**£**
**£**
Staff costs
30,921
7,438
Insurance
2,842
1,237
Utilities
4,440
6,224
Rent
15,000
-
Telephone
967
819
Sundries
1,816
486
Repairs and maintenance
16,848
14,380
Administration
2,538
3,267
Cleaning and admin support
8,529
2,419
Subscriptions and licenses
604
305
IT software and support
4,877
1,859
Postage and stationery
81
73
Travel costs
781
-
Meals and activities
1,372
-
Tutors and education resources
4,882
-
Football club costs
1,153
-
97,651
38,507
Share of support costs (see note 9)
24,519
13,796
Share of governance costs (see note 9)
4,350
3,787
126,520
56,090
**Analysis by fund**
Unrestricted funds - general
47,334
24,942
Restricted funds
79,186
31,148
126,520
56,090|**Provision of**
**the Centre**
**Provision of**
**the Centre**
**2022**
**2021**
**£**
**£**
Staff costs
30,921
7,438
Insurance
2,842
1,237
Utilities
4,440
6,224
Rent
15,000
-
Telephone
967
819
Sundries
1,816
486
Repairs and maintenance
16,848
14,380
Administration
2,538
3,267
Cleaning and admin support
8,529
2,419
Subscriptions and licenses
604
305
IT software and support
4,877
1,859
Postage and stationery
81
73
Travel costs
781
-
Meals and activities
1,372
-
Tutors and education resources
4,882
-
Football club costs
1,153
-
97,651
38,507
Share of support costs (see note 9)
24,519
13,796
Share of governance costs (see note 9)
4,350
3,787
126,520
56,090
**Analysis by fund**
Unrestricted funds - general
47,334
24,942
Restricted funds
79,186
31,148
126,520
56,090|**Provision of**
**the Centre**
**Provision of**
**the Centre**
**2022**
**2021**
**£**
**£**
Staff costs
30,921
7,438
Insurance
2,842
1,237
Utilities
4,440
6,224
Rent
15,000
-
Telephone
967
819
Sundries
1,816
486
Repairs and maintenance
16,848
14,380
Administration
2,538
3,267
Cleaning and admin support
8,529
2,419
Subscriptions and licenses
604
305
IT software and support
4,877
1,859
Postage and stationery
81
73
Travel costs
781
-
Meals and activities
1,372
-
Tutors and education resources
4,882
-
Football club costs
1,153
-
97,651
38,507
Share of support costs (see note 9)
24,519
13,796
Share of governance costs (see note 9)
4,350
3,787
126,520
56,090
**Analysis by fund**
Unrestricted funds - general
47,334
24,942
Restricted funds
79,186
31,148
126,520
56,090| |---|---|---| ||**2022**
**£**
30,921
2,842
4,440
15,000
967
1,816
16,848
2,538
8,529
604
4,877
81
781
1,372
4,882
1,153
97,651
24,519
4,350
126,520
47,334
79,186
126,520|**2021**
**£**
7,438
1,237
6,224
-
819
486
14,380
3,267
2,419
305
1,859
73
-
-
-
-| |||38,507
13,796
3,787| |||56,090| |||24,942
31,148| |||56,090| - 14 - **WYCOMBE MULTICULTURAL ORGANISATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **9 Support costs** |**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Depreciation
24,519
-
Independent Examination Fee
-
1,800
Professional fees
-
2,550
24,519
4,350
Analysed between
Charitable activities
24,519
4,350|**2022**
**£**
24,519
1,800
2,550
28,869
28,869|2021
£
13,796
1,110
2,677| |---|---|---| |||17,583| |||17,583| ## **10 Trustees** None of the trustees (or any persons connected with them) received any remuneration during the year. During the year three trustees were provided with gifts costing £208 (2021: £nil). In the prior year one trustee was reimbursed a total of £848 in caretaking expenses. ## **11 Employees** The average monthly number of employees during the year was: ||**2022**|**2021**| |---|---|---| ||**Number**|**Number**| ||3|3| |**Employment costs**|**2022**|**2021**| ||**£**|**£**| |Wages and salaries|28,839|7,438| |Social security costs|1,649|-| |Other pension costs|433|-| ||30,921|7,438| There were no employees whose annual remuneration was more than £60,000. - 15 - ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ |**12**
**Tangible fixed assets**
**Leasehold**
**improvements**
**Fixtures and**
**fittings**
**Computers**
**£**
**£**
**£**
**Cost**
At 1 March 2021
105,500
14,865
5,951
Additions
66,860
15,541
-
Disposals
(6,528)
-
-
At 28 February 2022
165,832
30,406
5,951
**Depreciation and impairment**
At 1 March 2021
30,018
11,456
2,450
Depreciation charged in the year
16,583
6,186
1,750
Eliminated in respect of disposals
(6,528)
-
-
At 28 February 2022
40,073
17,642
4,200
**Carrying amount**
At 28 February 2022
125,759
12,764
1,751
At 28 February 2021
75,482
3,409
3,501
**13**
**Stocks**
**2022**
**£**
Bar stock
1,965
**14**
**Debtors**
**2022**
**Amounts falling due within one year:**
**£**
Prepayments and accrued income
6,428
**15**
**Creditors: amounts falling due within one year**
**2022**
**£**
Other taxation and social security
1,316
Other creditors
5,785
Accruals and deferred income
2,572
9,673|**Total**
**£**
126,316
82,401
(6,528)
202,189
43,924
24,519
(6,528)
61,915
140,274
82,392
**2021**
**£**
1,820
**2021**
**£**
6,337
**2021**
**£**
-
900
2,099
2,999| |---|---| - 16 - ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **16 Retirement benefit schemes** ## **Defined contribution schemes** 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. - 17 - ## |**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 in funds**
**Movement in funds**|**Balance at**
**Incoming**
**Resources**
**Transfers**
**Balance at**
**Incoming**
**Resources**
**Balance at**|**1 March 2020**
**resources**
**expended**
**1 March 2021**
**resources**
**expended**
**28 February**|**2022**|**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**|IT
730
-
-
-
730
-
-
730|Centre Refurbishment
101,010
35,368
(18,476)
1,000
118,902
43,723
(33,840)
128,785|COVID-19 Community Led Recovery Scheme
-
20,634
(12,672)
-
7,962
-
(7,962)
-|Community
-
-
-
-
-
48,085
(30,323)
17,762|Akacia School
-
-
-
-
-
13,286
(5,645)
7,641|Education
-
-
-
-
-
7,660
(293)
7,367|Football
-
-
-
-
-
1,173
(1,153)
20|101,740
56,002
(31,148)
1,000
127,594
113,927
(79,216)
162,305||The IT fund relates to an IT grant from Reach. Reach is a learning and development project set up to provide IT and soft-skills training to the local community. In|particular the over 50's, unemployed, single parents and the NEET group.|The Centre Refurbishment fund relates to grants received from Biffa Award, Veolia Environmental Trust, Mobbs Memorial Trust, Kop Hill Climb, Heart of Bucks, John|Apthorp Charity, Red Kite Charity, Locality, Bernard Sunley Foundation, Bucks HW Community Fund and Rothschild Foundation and donations from Brian Pearce and|fundraising events. The income is for refurbishment of the community centre toilets, installation of air conditioning, purchase of new tables and chairs and the creation of|a timber framed lean-to storage extension and the refurbishment of the kitchen.| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**17**|||||||||||||||||||||| ## ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **18 Designated funds** The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: ||||**Movement**||**Movement**|| |---|---|---|---|---|---|---| ||||**in funds**||**in funds**|| |||**Balance at**|**Incoming**|**Balance at**|**Incoming**|**Balance at**| ||**1**|**March 2020**|**resources**|**1 March 2021**|**resources**|**28 February**| |||||||**2022**| |||**£**|**£**|**£**|**£**|**£**| |Centre Refurbishment Fund||7,000|-|7,000|-|7,000| |||7,000|-|7,000|-|7,000| The Centre Refurbishment fund relates to donations received through fundraising events and will be for the refurbishment of the community centre. - 20 - ## ||Total||2021|£|||82,392|108,879|191,271| |---|---|---|---|---|---|---|---|---|---| ||Restricted|funds|2021|£|||78,893|48,701|127,594| ||Designated|funds|2021|£|||-|7,000|7,000| ||Unrestricted|funds|2021|£|||3,499|53,178|56,677| ||**Total**||**2022**|**£**|||140,274|116,445|256,719| ||**Restricted**|**funds**|**2022**|**£**|||133,529|28,776|162,305| ||**Designated**|**funds**|**2022**|**£**|||-|7,000|7,000| ||**Unrestricted**|**funds**|**2022**|**£**|||6,745|80,669|87,414| |**Analysis of net assets between funds**|||||Fund balances at 28 February 2022 are represented|by:|Tangible assets|Current assets/(liabilities)|| |**19**|||||||||| ## **WYCOMBE MULTICULTURAL ORGANISATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **20 Related party transactions** There were no disclosable related party transactions during the year (2021 - none). - 22 -