## ## |**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| ||||||||||||||||||**0**|**ELS I'**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||||||**43**
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**a)**| ## ## ## |**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|