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||