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2023-03-31-accounts

ROMSEY MtEL TRUST CONSOLtDATED REPORT AND FINANCIAL STATEME FOR IHE YEAREXDED 31ST MARCH 2023

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CONSOLIDATED BALANCE SHEET
AS AT 31STMARCH 2023
2023 2022
Note f f
.		 f
FIXEDASSETS
Tangtl&le Sxed assets
~ASSETS		 958,253 956,451
Debtors and prepayments
DepOsit accounts
Cash at bank and in hand		 294,648
165,000
651,125		 147,236
163,000
744,464
1,110,773 1,054,700
LIABILffIM
Creditors: Sdiing due within one year 10 154,580 155,956
NET CURRENT ASSETS 956,193 898,744
NET ASSETS 1,914,446 1,855,195
THE FUNDS OF THE~
Unrestricted
funds:
General
funds		 892,345 853,345
Designated
ftmds		 13 20,000 20,000
912,345 873,345
Restricted Smds:
Other restricted funds 11 120,720 100,469
Romsey Mill Centre fimds 12 881,381 881,381
1,002,101 981,850
TOTALCHARITY FUNDS 1,914,446 1,855,195

CHARITY BALANCE SHEET
AS AT 31STMARCH 2023
2023 2022
Note g g
FIXEDASSETS
Tangible fixed assets 957,022 955,311
CURRENT ASSETS
Debtors and prepayments 393,333 192,032
Deposit accounts 165,000 163,000
Cash at bank and in hand 5S1,076 698,349
1,109,409 1,053881
LIABILITIES
Creditors: %Bing due within one year 10 153,217 154,635
NET CURRENT ASSETS 956,192 898,746
NET ASSETS 1,913314 1,854,057
THE FUNDS OFTHE~
Unrestricted
fimds:
General fimds 891,113 852207
Designated
ftmds		 13 20,000 20,000
911,113 872407
Restricted
funds:
Other restricted funds 11 120,720 100,469
Romsey MIU Centre funds 12 881,381 881,381
1,002,101 981,850
TOTAL CHARITY FUNDS 1,913,214 1,854,057
2023 2022
Note
Net cash provided
by/(used		 ln) 16 (64,496) 140,712
operating
activities
Cash flows from investing activities:
Interest received 1,044 311
Purchase oftangible fixed assets (27,887) (63,407)
Net cash used m investing activities (26,843) (63,096)
Change
in cash and cash equivalents
in the reporting
period		 (91,339) 77,616
Cash and cash equivalents at the
beginning ofthe reporting period 907,464 829,848
Cash and cash equivalents at the
end ofthe reporting
period		 816,125 907,464

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S TO THE FINANCIAL STATEMENTS
THE YEAR ENDED 31STMARCH 2023
STAFF COSTS 2023 2022
8 8
Wages and salaries 963,818 814,831
Social security costs 71,301 56,129
Pension costs 42,351 34,289
1,077,470 905,249
NET EXPENDITURE FOR THE YEAR Total Total
2023 2022
This is stated after charging:
Auditors'
remuneration		 5,514 5,018

VAT. Irrecoverable
VAT is included
in the cost ofthose items		 to which itrela tes.
TANGIBLE FIXEDASSETS(GROUP AND CHARITY) Motor Land & Fixtures &
CURRENT YEAR Vehicles Buildings Fittings Total
As at 1stApril 2022 23,634 935,879 246,163 1,205,676
Additions 28,102 28,102
Disposals (215) (215)
As at 31stMarch 2023 23,634 935,879 274,050 1,233,563
Depreciatioa
As at 1stApril 2022 3,545 54,498 191,182 249,225
Charge for the period 4,727 - 21,358 26,085
As at 31stMarch 2023 8,272 54,498 212,540 275,310
Net BookValue
As at 31stMarch 2023 - GROUP
As at 31stMarch 2023 -C~		 15,362
15,362		 881,381
881,381		 61,510
60,279		 958,253
957,022

NOT
FOR		 ES TO THE FINANCIAL STATEMENTS
THE YEAR ENDED 31STMARCH 2023		 ES TO THE FINANCIAL STATEMENTS
THE YEAR ENDED 31STMARCH 2023		 ES TO THE FINANCIAL STATEMENTS
THE YEAR ENDED 31STMARCH 2023
TANGIBLE FIXEDASSETS(GROUP AND CHARITY) Motor Land Sr Fixtures
4k
PRIOR YEAR Vehicles Buildings Flttlllgs Total
Cost 8
As at 1stApril 2021 935,879 206,390 1,142,269
Additions 23,634 39,773 63,407
As at 31stMarch 2022 23,634 935,879 246,163 1,205,676
Depreciation
As at 1stApril 2021 54,498 176,107 230,605
Charge for the period 3,545 15,075 18,620
As at 31stMarch 2022 3,545 54,498 191,182 249,225
Net BookValue
As at 31stMarch 2022 - GROUP 20,089 881,381 54,981 956,451
As at 31stMarch 2022 - CHARITY 20,089 881,381 53,841 955,311
DEBTORS Group Charity Group Charity
2023 2023 2022 2022
Debtors 181,867 181,867 79,340 79,340
Prepayments
and accrued		 income 112,781 112,514 67,896 67,186
Inter group balance 98,952 45,506
294,648 393,333 147,236 192,032
10. CREDITORS: FALLING DUE WffHIN ONE YEAR Group Charity Group Charity
2023 2023 2022 2022
8 g
Trade creditors 13,216 12,550 14,359 13,803
Other taxes and social security costs 19,587 19,587 18,497 18,497
Other creditors,
accruals and deferred		 income 121,777 121,080 123,100 122,335
154,580 153,217 155,956 154,635
RESTRICTED FUNDS - CURRENT YEAR At At
1stApril 31stMarch
2022 Income Expenditure 2023
Youth D velo ment ternative Edu ation 8
Youth Music 37,434 39,930 47,417 29,947
The Leys 3,687 1,823 5,510
The Cherry Family
Shelford 4 Stapleford Youth Initiative		 12,971
7,244		 3,244
7,244		 9,727
Rathb ones 5,000 12,065 12,348 4,717
Souter Charitable
Trust		 3,000 3,000
Howard Foundation 4,000 4,000
Cambourne
Youth Parinership		 42,000 42,000
Beacon Youth Trust 45,284 45,284
Cambridge
City Council Community		 Development 26,000 26,000
CSKPeterborough 6,395 6,395
The National
Lottery		 9,076 141,072 143,834 6,314
The National
Lottery - Training		 11,343 48,592 35,544 24,391
Hampton
Parish Council		 1,950 1,950
Children
in Need		 31,453 31,453
Beaverbrook 1,000 1,000
Screwfix 992 992
Fuliscope 51,469 51,469
Northstowe 15,750 15,750
Police &Commissioners 3,145 3,145
HAF 5,625 5,625
Orchard Pmk 5,953 5,953
c/fwd to page 31 68,490 505,763 496,157 78,096

FOR THE YEAR ENDED 31 THE YEAR ENDED 31 STMARCH 2023 STMARCH 2023 STMARCH 2023 STMARCH 2023 STMARCH 2023
11. RESTRICTED FUNDS -CURRENT YEAR At At
....,..........,...............CONTINUED 1stApril 31stMarch
2022 Income Expenditure 2023
g g
b/fwd from page 30
Y
thDe
elo me tan		 1emativeE c 'o 68,490 505,763 496,157 78,096
Camb Skills YWT 10,293 7,793 2,500
NYA 8,625 8,625
68,490 524,681 512,575 80,596
gther regt~ticted
nde
Cambridgeshire
Business Golf Society		 11,119 11,119
11,119 11,119
Yo
Parents Pro		 e
Comic Relief 51,068 51,068
Cambridge
City Council		 Community Development 5,500 5,500
Cambridgeshlre
Skills		 22,003 22,003
Warm Spaces 1,000 1,000
79,571 79,571
~irepfggragtgte
Baily Thomas		 4,000 2,000 2,000
The Blunt Trust 150 150
Frank Litchfield 1,000 500 500
CCF 3,499 875 2,624
Cultivate 7,500 2,500 5,000
Christmas
Appeal		 17,591 17,591
South Cambs YP Fund 3,119 3,119
Henry Smith 40,000 30,000 10,000
Cambridge
County		 20,000 20,000
ARM 21,460 21,460
20,860 97,459 78,195 40,124
100,469 701,711 681,460 120,720
11. RESTRICTED FUNDS -PRIOR YEAR At At
1stApril 31stMarch
2021 Income Expenditure 2022
Yo
De elo
ent and Alte		 ti e Educatio g g
Youth Music 5,900 49,912 18,378 37,434
The Lays 4,916 1,229 3,687
Shelford and Stapleford Youth Initiative 6,748 6,748
Earl ofFitzwillism 1,000 1,000
John Huntingdon's Charity 4,500 4,500
Ratbbones 3,750 7,331 6,081 5,000
Cambridgeshire
SkiHs		 4,289 4,289
National Youth Work Agency 10,000 10,000
Souter Charitable Trust 5,450 5,450
Howard Foundation 4,000 4,000 8,000
Cambourne
Youth		 Partnership 9,500 36,000 45,500
Beacon Youth Trust 30,631 30,631
Cambridge
City Community		 Development 16,000 16,000
CSKPeterborough 8,954 8,954
ARM 21,460 21,460
StBarnabas 2,470 1,644 4,114
The National Lottery 136,964 127,888 9,076
The National
Lottery - Training		 47,250 35,907 11,343
c/fwd to page 32 31,070 391,599 356,129 66,540

11. RESTRICTED FUNDS - PRIOR
...............................CO~D		 RESTRICTED FUNDS - PRIOR
...............................CO~D		 RESTRICTED FUNDS - PRIOR
...............................CO~D		 RESTRICTED FUNDS - PRIOR
...............................CO~D		 YEAR YEAR At
1stApril		 At
31stMarch
2021 Income Expenditure 2022
g
b/fwd from page 31 31,070 391,599 356,129 66,540
Youth Develo
ment		 and Alt tiv E cation
Living Sport 2,540 2,540
Hampton
Parish		 Council 5,000 3,050 1,950
Children
in Need		 21,872 25,923 47,795
BPHA Trumpington 2,500 2,500
55,442 425,062 412,014 68,490
Olher restricted funds
Co-op minibus 15,066 15,066
Betty Lawes Foundation 10,000 10,000
YEF 6,778 6,778
Cambridgeshire Business Golf Society 20,000 8,881 11,119
51,844 40,725 11,119
Youn
Par
ts Pro		 amme
Comic Relief 20,000 23,178 43,178
Cambridge
City		 Council Community Development 5,500 5,500
Care to Learn 7,946 7,946
Cambridgeshire Skills 9,690 9,690
20,000 46,314 66,314
A~P
PYE Foundation 1,750 3,500 5,250
The Blunt Trust 200 50 150
Cambridge
City		 Council Community Development 3,000 3,000
Christmas
Appeal		 24,715 7,124 17,591
South Cambs YP Fund 4,158 1,039 3,119
1,750 35,573 16,463 20,860
129,036 506,949 535,516 100,469
13. DESIGNATED FUNDS -CURRENT YEAR FUNDS -CURRENT YEAR At At
1st April 31stMarch
2022 Income Expenditure Transfers 2023
g g 8 8
Building Maintenance Reserve 5,000 (3,000) 3,000 5,000
Aspire Programme
Programmes		 15,000 (15,000)
15,000		 15,000
20,000 (3,000) 3,000 20,000
DESIGNATED FUNDS - PRIOR YEAR At At
1stApril 31stMarch
2021 Income Expenditure Transfers 2022
8
Vehicle Renewal and Repairs Reserve
funding
may not cover.
Building Maintenance
Reserve
Covid-19 Contingency
Fund
Aspire Programme		 5,000
5,000
100,000		 5,000 (5,000)
(5,000)		 (100,000)
15,000		 5,000
15,000
110,000 5,000 (10,000) (85,000) 20,000

14. ANALYSIS OFNET ASSETSBETWEEN FUNDS -GROUP OFNET ASSETSBETWEEN FUNDS -GROUP OFNET ASSETSBETWEEN FUNDS -GROUP
CURRENT YEAR Unrestricted funds Restricted funds
Other
General Designated Ramsey Mill Restricted 2023
funds funds Centre funds Total
8
Fixed assets 76,872 881,381 958,253
Net current assets 815,473 20,000 120,720 956,193
892,345 20,000 881,381 120,720 1,914,446
ANALYSIS OFNKT ASSETSBETWEEN FUNDS -GROUP
PRIOR YEAR Unrestricted funds Restricted funds
Other
General Designated Ramsey Mill Restricted 2022
funds funds Centre funds Total
Fixed assets 75,070 881,381 956,451
Net curmnt assets 778,275 20,000 100,469 898,744
853,345 20,000 881,381 100,469 1,855,195

2023 2022
g g
Net movement
in funds		 59,251 62,321
Adjustments
for:
Less investment
income		 (1,044) (311)
Add depreciation 26,085 18,620
Increase/(decrease)
in creditors		 (1,376) 66,240
Decrease/(Increase)
in debtors		 (147,412) (6,158)
Net cash provided
by/(used		 in) operating activities (64,496) 140,712
17. OPERATING LEASE COMMITMENTS (GROUP ANDC~ 2023 2022
f.
The following
operating		 lease payments are committed to be paid:
Total future commitments 12,000 12,000

INVESTMENTS - CHARITY SU BS IDIARIES
Cars Coffee Limited
Country ofIncorporation:
England		 and Wales
Nature ofBusiness;
Trading
Class ofshares:
'/o Holding		 Year ended Year ended
Ordinary
100		 31stMarch 2023
I		 31stMarch 2022
Aggregate
capital and reserves brought		 forward 1,141 1
Profit for the year 12,985 15,265
Donated to parent (Romsey Mill Trust) (12,894) (14,125)
Aggregate
capital and reserves carried forward		 1,232 1,141