| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 22 |
| Whitehaven Community Trust Limited | Whitehaven Community Trust Limited |
|---|---|
| Reference and Administrative Details | |
| Chief Executive Officer | Mrs K Maxwell OBE |
| Trustees | Mr J Taylor |
| Miss J Nicholson | |
| Mr N Clarkson MBE | |
| Mr M Parlett | |
| Mr D Lord | |
| Reverend R Jackson | |
| Secretary | Mrs K Maxwell OBE |
| Registered Office | 13 −15 Market Place |
| Whitehaven | |
| Cumbria | |
| CA28 7JB | |
| Company Registration Number | 03291380 |
| Charity Registration Number | 1060245 |
| Independent Examiner | Gibbons Chartered Accountants |
| Carleton House | |
| 136 Gray Street | |
| Workington | |
| Cumbria | |
| CA14 2LU | |
| Bankers | National Westminster Bank plc |
| 71 Lowther Street | |
| Whitehaven | |
| Cumbria | |
| CA28 7AH |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2020 | 2019 | ||
| Note | £ | £ | £ | £ | |
| **Income and Endowments ** | from: | ||||
| Donations and legacies | 3 | 71,610 | 200,167 | 271,777 | 121,087 |
| Charitable activities | 4 | 195,858 | 195,858 | 181,395 | |
| Investment income | 5 | 590 | 590 | 859 | |
| Total Income | 268,058 | 200,167 | 468,225 | 303,341 | |
| Expenditure on: | |||||
| Charitable activities | 6 | (216,086) | (141,064) | (357,150) | (371,878) |
| Total Expenditure | (216,086) | (141,064) | (357,150) | (371,878) | |
| Net income/(expenditure) | 51,972 | 59,103 | 111,075 | (68,537) | |
| Other recognised gains | |||||
| and losses | |||||
| Gains/losses on revaluation | |||||
| of fixed assets | 304,177 | 304,177 | |||
| Net movement in funds | 356,149 | 59,103 | 415,252 | (68,537) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 1,178,936 | 57,248 | 1,236,184 | 1,304,721 | |
| Total funds carried forward | 16 | 1,535,085 | 116,351 | 1,651,436 | 1,236,184 |
| **Balance Sheet as at 31 ** | December 2 | 020 | |
|---|---|---|---|
| 2020 | 2019 | ||
| Note | |||
| Fixed assets | |||
| Tangible assets | 12 | 1,390,795 | 1,099,308 |
| Current assets | |||
| Debtors | 13 | 2,799 | 26,842 |
| Cash at bank and in hand | 14 | 262,343 | 113,801 |
| 265,142 | 140,643 | ||
| Creditors: Amounts falling due within one year | 15 | (4,501) | (3,767) |
| Net current assets | 260,641 | 136,876 | |
| Net assets | 1,651,436 | 1,236,184 | |
| Funds of the charity: | |||
| Restricted income funds | |||
| Restricted funds | 16 | 116,351 | 57,248 |
| Unrestricted income funds | |||
| Unrestricted funds | 1,535,085 | 1,178,936 | |
| Total funds | 16 | 1,651,436 | 1,236,184 |
| Asset class | Depreciation method and rate |
|---|---|
| Freehold properties | 100 years straight line basis |
| Improvements to leasehold properties | 20 years straight line basis |
| Furniture and equipment | 4 years straight line basis |
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| funds | ||||||
| Restricted | Total | Total | ||||
| General | funds | 2020 | 2019 | |||
| £ | £ | £ | £ | |||
| Donations and legacies; | ||||||
| Donations from individuals | 15,293 | − | 15,293 | 9,102 | ||
| Grants, including capital grants; | ||||||
| Government grants | 56,317 | 56,317 | ||||
| Grants from other charities | 200,167 | 200,167 | 111,985 | |||
| 71,610 | 200,167 | 271,777 | 121,087 | |||
| 4 | Income from charitable activities | |||||
| Unrestricted | ||||||
| funds | ||||||
| Total | Total | |||||
| General | 2020 | 2019 | ||||
| £ | £ | £ | ||||
| CBC −Housing benefit | 145,580 | 145,580 | 135,572 | |||
| Room hire and other | 50,278 | 50,278 | 45,823 | |||
| 195,858 | 195,858 | 181,395 | ||||
| , | ||||||
| 5 | Investment income | |||||
| Unrestricted | ||||||
| funds | ||||||
| Total | Total | |||||
| General | 2020 | 2019 | ||||
| £ | £ | £ | ||||
| Interest receivable and similar income; | ||||||
| Interest receivable on bank deposits | 590 | 590 | 859 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | |||||
| Restricted | Total | Total | |||
| General | funds | 2020 | 2019 | ||
| Note | £ | £ | £ | £ | |
| Management and | |||||
| admin wages | 50,437 | 50,437 | 40,284 | ||
| Management and | |||||
| admin NIC | 2,747 | 2,747 | 2,630 | ||
| Wages and salaries | 12,617 | 88,476 | 101,093 | 82,899 | |
| Wages and salaries | |||||
| NIC | 1,997 | 1,997 | 1,228 | ||
| Pension costs | 2,129 | 2,129 | 1,510 | ||
| Training costs | 9,522 | 11 | 9,533 | 2,175 | |
| Rent and rates | 9,929 | 5,833 | 15,762 | 11,906 | |
| Light, heat and power | 11,258 | 2,959 | 14,217 | 15,972 | |
| Insurance | 17,034 | 17,034 | 13,474 | ||
| Repairs and renewals | 15,790 | 7,939 | 23,729 | 54,803 | |
| Telephone | 4,347 | 4,347 | 3,752 | ||
| Printing, postage and | |||||
| stationery | 1,227 | 1,227 | 1,343 | ||
| Equipment rental | 777 | ||||
| Security and other | |||||
| costs | 46,165 | 35,846 | 82,011 | 89,200 | |
| Legal and | |||||
| professional fees | 2,652 | 2,652 | 6,209 | ||
| Bank charges | 458 | 458 | 539 | ||
| Depreciation, | |||||
| amortisation and other | |||||
| similar costs | 12,690 | 12,690 | 28,759 | ||
| Governance costs | 7 | 15,087 | 15,087 | 14,418 | |
| 216,086 | 141,064 | 357,150 | 371,878 |
| Governance costs | |||
|---|---|---|---|
| Unrestricted | |||
| funds | |||
| Total | Total | ||
| General | 2020 | 2019 | |
| £ | £ | £ | |
| Staff costs | |||
| Wages and salaries | 9,970 | 9,970 | 9,970 |
| Legal fees | 3,867 | 3,867 | 3,198 |
| Other governance costs | 1,250 | 1,250 | 1,250 |
| 15,087 | 15,087 | 14,418 |
| Net incoming | /(outgoing) resources for the year inclu | de: | |
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Depreciation | of fixed assets | 12,690 | 28,759 |
| The aggregate payroll costs were as follows: | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Staff costs during the year were: | ||
| Wages and salaries | 161,500 | 133,153 |
| Social security costs | 4,744 | 3,858 |
| Pension costs | 2,129 | 1,510 |
| 168,373 | 138,521 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| No | No | |||
| Chief executive and company secretary | 1 | 1 | ||
| Direct charitable work | 11 | 14 | ||
| Charitable administration and management | 3 | 3 | ||
| Cleaning | 1 | 1 | ||
| 16 | 19 |
| 12 Tangible fixed assets | |||
|---|---|---|---|
| Furniture | |||
| Land and | and | ||
| buildings | equipment | Total | |
| Cost | |||
| At 1 January 2020 | 1,473,262 | 38,044 | 1,511,306 |
| Revaluations | 304,177 | − | 304,177 |
| Additions | 45,823 | 45,823 | |
| Disposals | (308,634) | (308,634) | |
| At 31 December 2020 | 1,514,628 | 38,044 | 1,552,672 |
| Depreciation | |||
| At 1 January 2020 | 375,043 | 36,955 | 411,998 |
| Charge for the year | 11,646 | 1,044 | 12,690 |
| Eliminated on disposals | (262,811) | − | (262,811) |
| At 31 December 2020 | 123,878 | 37,999 | 161,877 |
| Net book value | |||
| At 31 December 2020 | 1,390,750 | 45 | 1,390,795 |
| At 31 December 2019 | 1,098,219 | 1,089 | 1,099,308 |
| 13 Debtors | |||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Prepayments | 2,799 | 2,216 | |
| Other debtors | 24,626 | ||
| 2,799 | 26,842 | ||
| 14 Cash and cash equivalents | |||
| 2020 | 2019 | ||
| £ | £ | ||
| Cash on hand | 160 | 160 | |
| Cash at bank | 262,183 | 113,641 | |
| 262,343 | 113,801 | ||
| , |
| 15 Creditors: amounts falling due within one year | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Other taxation and social security | 346 | 375 |
| Accruals | 4,155 | 3,392 |
| 4,501 | 3,767 |
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| 17 Analysis of net assets between funds | ||
|---|---|---|
| Unrestricted | ||
| funds | ||
| General | Total funds | |
| £ | £ | |
| Tangible fixed assets | 1,390,795 | 1,390,795 |
| Current assets | 265,142 | 265,142 |
| Current liabilities | (4,501) | (4,501) |
| Total net assets | 1,651,436 | 1,651,436 |
| Unrestricted | ||
| funds | ||
| Total funds | ||
| at 31 | ||
| December | ||
| General | 2019 | |
| £ | £ | |
| Tangible fixed assets | 1,099,308 | 1,099,308 |
| Current assets | 140,643 | 140,643 |
| Current liabilities | (3,767) | (3,767) |
| Total net assets | 1,236,184 | 1,236,184 |