WOOLWELL COMMUNITY RESOURCE TRUST
Operating as THE WOOLWELL CENTRE
(A Company Limited by Guarantee)
REPORT AND UNAUDITED ACCOUNTS
31 December 2024
Registered company number 03597034
Registered charity number 1071238

WOOLWELL COMMUNITY RESOURCE TRUST
REPORT AND FINANCLAL STATEMENrs
FOR THE YEAR ENDED 31 DECEIrfBER 2024
CONTENTS
Page
Reference and administrative details
Trustees, Report
24
Independent Examiner's Report
Statement of fmancial activities
Balance sheet
Notes to the accounts
8-16

WOOLWELL COMMUNITY RESOURCE TRUST
REFERENCE AND ADMtNtSTL4TIVE DETAILS
Trustees
Mr C P W Huitson
Mr S Marsh
Mrs S Marsh
MTS K Archer
Secretary
Mr C P W Huitson
Celltre Manager
Mrs L Tamsett-white
Accountants
Northcott Tnm]field
Chartered Accountants
Devonshire Villa
52 Styart Road
Stoke
Plymouth
PL3 4EE
Registered Office
Darklake Lane
Woolwell
Plymouth
PL6 7TR
Company Registered Number
03597034
Charity Registered Number
1071238

WOOLWELL COMMUNITY RESOURCE TRUST
TRUSTEES, ANNUAL REPORT
The Tnlstees Present their report and accounts for the year ended 31 December 2024. The Trustees have adopted the provisions
of the Statement of Reconllnended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the
annual report and financial statements of the charity.
Structurey governance and management
Governin
document
The organisation is a chaTitable cornpany lirnited by guarantee, incoryorated on 13 July 1998 and Tegistered as a charity on 27
August 1998. The cornpany was established under a Memorandum of Association which established the objects and powers of
the cbaTitable company and is governed und¢r its Articles of Association. In the event of the company being wound up
niembers are Tequired to contribut¢ an amount not exceeding £1.
Recrnitment and a
intm¢nt of new Tn￿teeS
The Directors of the Company are also charity Trustees for the pU￿oseS of charity law. Th¢y give their tirne voluntarily and
receive no benefits from the charity. All day-to-day operational matters are delegat¢d to the manager of The Woolwell Centre.
Under Articles of Association each Trustee must retire at tbe third annual general meeting after bis appointment buL if willing
to act, such Trustee may be Teappointed.
When recruiting Trustees, individuals with a skill s¢t complimentary to the existing Trltstees are sought. The aim is tbat when
recruiting Trustees, individuals with a skill set complimentary to the existing TTUStees are sougbt. The aim is that the
Trust¢e/Directors as a group) have a divers¢ set of skills that individually benefit the objectives of the charity.
Objectmves and activities
The Trust's primary Purpose is to promote for the inhabitants of Woolwell and the neigbbourhood, together der￿ed by the
administrative area of the Parish of Bickleigl without dÈstinction of se& sexual orientation or race or of political, religious or
other opinions, by associating together with the said inhabitants and the local authorities, voluntary and other OTganisations in a
common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time
occupation with the object of improving the conditions of life for the said inhabitants, and in particular to establish, or to secure
the establishment of a cou￿ullity centre and to maintain and manage th¢ same (whether alone OT in co-operation with any
local autbority or other person or body) in furtheranc¢ of the Primary PuTPOSe.
The Trnstees have refe￿ed to the guidance published by the Charity Commission on public benefit when Tevi¢wing the
Trust¢¢s have referred to the guidan¢¢ published by the Charity Commission on public beneflt wben reviewing the charity's
aims and objectives.
Achievements and performance
Contrary to expectations, 2024 was a more difficult year financially for the Woolwell Centre than anticipated. We were eager
to build on the success of 2023 but struggled due to rising wage, utility and food costs. It was more of a 'treading water, year
than a 'forge ahead, one.
Having said tha¢ we continued to provid¢ a ￿11 calendar of events for our community, and beyon(L to enjoy. The highlights
were:
7 Tribute Act comn]unity events - although all were well attended At was noticeable at some events tbat the spwding
was lower than the average in 2023.
DuTing 2024 we also provided premises for local cultUTal events, football presentations and wedding Teceptions. This
is the area of business we very much hope to increase in 2025.

WOOLWELL COMMUNITY RESOURCE TRUST
TRUSTEES. ANNUAL REPORT
Achievements and performallce contiuued
The Con]munity Quiz is still very popular and engagement has grown over th¢ year.
As in the previous y¢ar we staged free local community events at Easter, Halloween, several End of Tern school
discos and a free Christmas Paty. Some of these events were funded from the £70,000 Postcode Lottery donation
which we received in May 2024. This donation has b¢en designated by the donor for spending on items or activities
which benefit the community and does not form part of our unrestricted reserve fund5.
The AMIPM club continued to be well attended and a small increase on 2023's income from this income strand w&s
achieved.
Room bookings decreased over the 2024 year. We think this is mostly due to the general cost of living rises and the
inevitabl¢ resulting downturn in attendance for some regular groups who hire Tooms at the Centre. This was
disappointing but hop¢fully if the national and local economies pick up this strand of income will go back to, OT
exceed, previous levels. UnforttJnat¢ly, as with all businesses a proportion of the increase in our own operating costs
had to be passed on to our customers which may have been a factor for some. However, we tried to keep the these to
a minimum for our local community customers.
The café is very well attended and profits incre&8ed from £91,216 in 2023 to £113,599 in 2024 (a £22,383 in¢r¢ase).
However, cost of sales for the café increased from £37,551 in 2023 to £52,692 in 2024 (a £15,141 incr¢as¢). This
doesn't take into account staff wage increases.
Similarly in the bar profits increased from £91,881 in 2023 to £100,394 in 2024 (a £8,513 increase) but cost of sales
incr¢as¢d from £25,850 in 2023 to £33,110 (a £7,260 increase) in 2024, again not including staff wage increases.
There are plans for 2025 for US to push to ¢xpand our bookings to include competitively priced wedding receptions.
Financial review
The Trustees continue to meet with the Centre Manager regularly to Teview the Centre's perfonnan¢¢ and conduct fjnancial
appraisals. During these meetings strategies are discussed aiming to keep building on the success Centre achieved in 2023,
despite the ¢urr¢nt challenging national f￿anCIal climate.
At the end of 2024 The Woolwell Centre made a net suo)Ius of £55,446 and net assets at year-end were £185,701 ** All net
profits aTe reinvested back into the Community Centr¢.
Overall expenditure increased from £160,829 in 2023 to £215,626 in 2024 not including staff wages.
Due Primarily to the increase in the Minimum Wage set by the Government of 6.7% for over 21 year olds, 16.3 /0 for 18-20
year olds and 180/0 for 16-17 year olds, staff wages Tose from £217,661 in 2023 to £243,058 in 2024.
Reserves policy
The Reserves Policy of 2021 set the target reserves at £180,000. As of the end of 2024 tbis target had not been achieved.
**The 2024 £185,701 net assets figure caDnot be used as a 'dip I￿ dip out, cashflow fund due to".
£30,000 is reserved for staff redundancy payments should the Charity have to close.
£1 1,000 is ringfenced for specifi¢ spending on AMIPM club facilities, This has been given the go ahead for work to
b¢ completed in July 2025.
£65,220 (net at the end of 2024) postcode lottery grant has the PTOVISO designated (by the donor) that it is for us¢ by
the Centre for tbe benefit of the surroulldtng community.

WOOLWELL COMMUNITY RESOURCE TRUST
TRUSTEES, A]￿JAL REPORT
Reserves Pojicy CODtinued
This means that the unr¢stricte￿unreSerV¢d portion of th¢ 2024 net assets figure is £79,481.
In tbe light of these figures, the Reserves Policy will be reviewed by the Tn￿teeS in 2025 - in conjunction with the Charity's
accountant - Thith a view to considering an amendment. This will take into account the Trust's 2024 fmancial position and may
result in the recalculation of the necessary Reserve based on up to date costs and commitments.
Directors
The following persons served as directors during the period:
Mr C P W Huitson
Mr S Marsh
Mrs S Marsh
Mrs K Archer
The Trustees delegate the day-to-day management of the charity to MTS Lynn Tamsett-white, tbe Community C¢ntr¢ Manager.
Trustees, responsibilities
The Trnstees are responsible for preparing th¢ r¢port and a¢¢ounts in accordance Trith applicable law and regulations.
Company law requires the TnJste¢s to Prepare accounts for each financial year. Under that law the Trustees have elected to
prepare the accounts in accordance with Unifrd Kingdom Generally Accepted Accounting Practice (United Kingdom
Accounting Standards and applicabl¢ law). Under company law the Trustees must not approve the accounts unless they are
satisfied that they give a true and fair view of the state of affairs of the company and of the Profit and loss of the company for
that period. In preparing these accounts, the Tntstees are required to:
sel¢ct suitable accounting polici¢s and then apply th¢m consistently.
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropTiate to preslune that the company will
continue in business.
The Trustees are responsible for keeping adequate accountillg Tecords that aTe sufficient to show and explain the company's
trans￿tiOnS and disclose with reasonable accuracy at any time the fll]ancial position of tbe company and enable them to ensure
that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the ass¢ts of the company
and hence for taking reasonable steps for the Prevention and detection of fraud and other irr¢gulaTiti¢s.
Small company provisions
Tbis report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.
This report approved by the Board on 8 July 2025 and signed on its behalf.
Mr C P W Huitson
Director

WOOLWELL COMMUNITY RESOURCE TRUST
Independent Examiner's Report to the Trustees of Woolwell Community Resource Trust
I report to the charity trustees on my examination of the accounts of tbe company for the year ended 31 December 2024 which
are set out on pag¢s 6 to 16.
Respollsibijities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance wtth the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myseIf tbat the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are
eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under
section 145 of the Charities Act 2011 ('the 2011 Act'}. In carrying out my examination I have followed the Directions given by
the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiller's statsment
Since the cornpany's gross Income exceeded £250,000 your examiner must be a member of a body list¢d in section 145 of the
2011 Act. I co]]finn that I am qualified to undertake the exa]nination because I am a member of the Institute of Chartered
Accounts in England and Wales, which is one of the listed bodies.
I have completed my examination. I Conf￿ that no matters have com¢ to my attention in connection with the examination
giving me cause to believe that in any material respect:
accounting records were not kept in r¢sp¢¢t of the company as required by section 386 of the 2006 Act. or
the accounts do not accord with those records. or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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. or
the accounts have not been prepared in accordance with the methods and Principles of tbe Statement of R¢commended
Practice for accounting and Teporting by charities [applicable to charities PTepaTing their accounts in accordance with tbe
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other ]natteTS in connection with the examination to which attention should be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Guy Ian Northcott
FCA, Bsc(Econ) Hons, DChA
Institute of Chartered Accountants in England and Wales
Northcott Trumfield
Chartered Accountants
Devonshire Villa
52 Stuart Road
Stoke
Plymollth
PL3 4EE
Date: 8 July 2025

WOOLWELL COMMUNITY RESOURCE TRUST
STATEMENT OF FINANCIAL ACTtVlTIES (including income and expenditure account)
FOR THE YEAR TO 31 DECEMBER 2024
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Notss
Income and endowments from:
Donations and legacies
ChaTÉtable activities - Core
Charitable activities - Ancillary trade
Investment income
92,250
419,979
6,123
3,193
92,250
419,979
6,123
3,193
38,361
361,104
15,300
1,812
Totsl income and endowments
521545
521545
416.577
Expenditure on:
Cbaritable actÈvities - Core
Charttable activities - Ancillary trade
463,653
2,446
463,653
2,446
379,593
9,613
Total expenditure
466 099
466 099
389,206
Net incomel(expenditure) and net movement in funds
before gains and losses on investments
55,446
55,466
27,371
Reconcfiliation of funds:
Total ftllids brougbt fonvard
16
119,255
11,000
130,255
102,884
TotaI funds Ca￿led forward
16
174701
11,000
174 701
130,255
All incom¢ and expendItt￿e derive from continuing activities.
The statement of fmancial activities includes all gains and losses recognised during the year.

WOOLWELL COlVI￿[u￿Ty RESOURCE TRUST
BALANCE SHEET
AT 31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Tangible
io
8,838
10,892
Current assets
Stocks
Debtors
Cash at bank and in hand
li
12
13
2,475
11,025
187 573
201073
2,475
3,571
147,977
154.023
Creditors
Amounts falling due within one year
14
20,710
Net current assetsl(liabilities)
180 363
125 863
Total assets less current ]iabiJities
189,201
136,755
Creditors
Amounts falling due after more than one year
15
3,500
6,500
Net assets
185 701
130 255
Represented by
UDTestricted fimd
Restrtcted fL￿d
16
16
174,701
11,000
119,255
11,000
185,701
130 255
FOT the year ending 31 December 2024 tbe company was entitled to exemption from audit under section 477 of the Companies
Act 2006 Telating to srnall cornpanies.
Directors, responsibiliti¢8'.
The members have not required the company to obtain an audit of its accounts for the y¢ar in question in accordance
with s¢ction 476.
The directors acknowledge their responsibilities for complying with tbe requirements of the Act with reSp￿t to
accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies
regitne.
These fmancial stat¢m¢nts were approved and authorised for issue by the Board of Trustees on 8 July 2025 and were signed on
their behalf by..
MI C P W Huitson
Company No. 03597034
The notes on pages 8 to 16 forn] part of these accounts.

WOOLWELL COMMUNITY RESOURCE TRUST
NOTES TO THE F￿ANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Summary of significant accounting poIicies
(a)
General information and basis of preparation
Woolwell Community Resource Trust is a company limited by guarantee registered in England in the United
Kingdom. In the event of the charity being wound up, the liability in Tespect of the guarantee is limited to £1
per member of the charity. The address of the registered office is given in the charity information on page I
of these financial statements. The nature of the charÈty's operations and principal activities are:
The Trust's prin]ary pU￿OSe is to promote for the inhabitants of Woolwell aud the neighbourhoo¢ together
def￿ed by the administrative area of the Parish of Bickleigh, without dAstinction of sex, sexual orientation or
race or of political, religious or other opinions, by associating together with the said iDhabitants and the local
autborities, voluntary and other organisations in a common effort to advance education and to provide
facilities in the interests of social welfar¢ for r¢cT¢ation and leisure-time occupation with the object of
improving the conditions of life for the said inhabitants, and in particular to establish, or to secure the
establishment of a community centre and to maintain and manage the same (whether alone or in co-operation
with any local autboTity or otheT person or body) in furtberance of the Primary Purpose.
The charity constitutes a public benefit entity as defined by FRS 102. Th¢ fmancial statements have been
prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accord8nce with the Financial Reporting Stalldard
applicable in the t)K and Republic of Ireland issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and UK
Generally Accepted Practice.
Th¢ financial statements are prepared on a going concern basis under the historical cost convention, modified
to include certain items at fair value. Th¢re are no material uncertainties upon the charity's ability to
continu¢ as a going concern. The financial statements are prepared in sterling which is the fiu]ctional
currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these fmancial statements are set out b¢low.
These policies have been consistently applied to all years Presented unless otherwis¢ ststed.
(b)
Fund accounting
General funds are ullrestricted funds which are available for us¢ at the discretion of the T￿￿teeS in
furtherance of the general objectiv¢s of the charity and which have not been desigllated for other p￿￿oSes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
pury)oses. The aim and use of each deSi￿ated fund is set out in the notes to the f]nancial statements.
Restricted funds are funds which are to be used in accordance with specific Testrictions imposed by donors or
which have been Taised by the cbarity for particular purposes.

WOOLWELL COMMUNITY RESOURCE TRUST
NOTES TO THE F]NANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
(e)
Income recognition
All incoming resour¢¢s ar¢ included in the SOFA when the cbaTity is legally entitled to the income and the
amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity
being notified of an impending distribution or the legacy being received.
Gifts in kind donated for distribution are included at valuation and reco￿lsed as income wbell tbey are
distributed to the projects. Gifts donated for resale are included as income wben they aTe sold. Donated
facilities are included at the value to the charity where this can b¢ quantified and a tbird paty is bearing the
cost. No aTnounts are included in the fmancial statements for services donated by volunteers.
Incoming resources are only deferred when the income is for a future period andlor has imposed conditions
which must be satisfied prior to tb¢ charity having entitlement to the income.
(d)
Expendfiture recognition
ResouTces expended are recognised in the period in which they are incu￿ed. Resources expended include
attTibutable VAT wbicb cannot be recovered. Charitable expenditure and administration costs Gomprise
direct expend1tL￿e including direct staff costs attributable to the activity.
Support costs include central costs and have been allocated to activity Cost categories on a basis consistent
with use of resources. Governance costs are identified as costs associated with statutory constitutional
requirements.
Grants payable are charged in the year when the offer Ès conveyed to the recipient except in thos¢ c&ses
where the offer is conditional, such grants being recognised as expenditure when the conditions attaching ar¢
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as an
intention, but not accrued as ¢xp¢nditure.
(e)
Fiied assets and depreclation
Depreciation is PTovided to write off the cost of tangible fixed assets in equal instalments over thexr
estimated useful economic life. The estimated US¢fi￿ lives ar¢ as follows:
Short leasehold in]provements
Amortised over 20 years straight line
Fixtures, fittings and furniture
5 years straight line
(fj
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is the
cost of purchase and is calculated on a first in first out fonnula.
(g)
Operating leases
Operating lease rentals are chaTged to the income and expenditure account and the statement of f￿anCIal
activities as they fall due.
(h)
Debtors and creditors re¢eivable/payable within one year
Debtors and creditors with no stated interest rate and re£eivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in expenditure.

WOOLWELL COMMUNITY RESOURCE TRUST
NOTES TO TILE FINANCIAL STATEMENFS
FOR THE YEAR ENDED 31 DECEMBER 2024
(i)
Cash at bank alld in band
Cash at bank and cash in hond includes cash and short terni higbly liquid investments with a short Maturity
of three montbs or less from the date of acquisition or opening of the deposit or similar account.
(i)
Financial instruments
The Charity only has fman¢ial assets and financial liabilities of a kind that qualify as basic fmancial
instruments. Basic financial insknents are initially recognis¢d at transaction value and subsequently
measwed at their settlement valu¢ with the exception of bank loans which are subsequently measuT¢d at
amorttsed cost using the effective interest method.
Donations and legacies
2024
Restricted
Funds
2023
Total
Funds
Unrestricted
Funds
Total
Funds
Postcode Community
Bickleigh Parish Council
South Hams District Council
MaTiStow Charity
Other
70.000
20,000
1,000
70,000
20,000
1,000
26,589
6,272
5,000
500
1,250
1,250
92,250
38,361
Income from charitable activities - Core
2024
2023
Rootn hire
Events
Events bar income
Other
Catering services
119,536
15,557
94,271
2,273
113,599
74,743
108,576
13,150
75,881
969
91,216
71,312
AMPM Club
419 979
361 104
Charitable acllvities - Ancillary trade
2024
2023
Community Centre Bar
6,123
15,300
Investment Allcome
2024
2023
Bank interest Teceived
3,193
1,812
io

WOOLWELL COIVIMUNITY RESOURCE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable actiYAties - Community Centre costs
U]]restricted
Community
Centre
CommuDity
Centr¢
Bar
Total
2024
Total
2023
Club
Human resources
Staff costs
205 184
243 058
217661
Other Community Centre costs
Catering services
Events
Events bar cost of sales
Training
Equipment and hire
Rates and water
Insurance
Light and heat
Telephone
Stationery
Cleaning
Waste disposal
Licences
Subscriptions
Maintenance
Payment transaction costs
Professional
52,692
36,627
33,110
2,523
18,186
3,352
4,292
21,121
4,537
845
1,406
1,770
4,704
6,489
10,876
3,536
52,692
36,627
33,110
2,879
20,330
3,352
4,292
21,121
4,537
922
1,406
1,770
4,704
6,878
10,876
3,536
37,551
9,908
25,850
1,983
20.435
4,219
4,026
12,566
2,715
1,238
2,096
4,141
3,052
5,796
17,865
2,070
5,318
160,829
356
2,144
77
389
212 660
215 626
Depreciation
Depreciation
3,079
303
Governance
Independent exatnination
1,800
1,680
Ancillary trade
2,143
2,143
5,294
Total charitable activities
422 809
40,844
2,446
466,099
389,206
Net income expenditure for the year
2024
2023
The net incomclexpenditure for the year is stated after charging:
Governauce costs: Independent Examination
Other Financial Services
900
900
780
780

WOOLWELL COMMUNITY RESOURCE TRUST
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 DECEMBER 2024
Staff numbers and costs
The average monthly number of employees during the year (excluding Trustees) by function was:
2024
2023
C]]aTitable activities
18
19
The staff costs in respect of these employees were as follows:
2024
2023
Salaries and wages
Social Security costs
Employer allowance
Pension
230,833
15,527
(5,000)
1,784
209,344
11,650
(5,000)
1,667
243 144
217,661
No employee earned £60,000 per annum or moTe.
None of the Truste¢s or persons connected with them received any ernoluments or expellses during the year.
The total amount of employee benefits received by key management personnel is £144,611 (2023 . £114,453). The
trust considers its key management perso]]nel compromise the tsvstees, the Comn]unity Centre Manager and Team
Leaders.
Taxation
As a charity, the company has taken advantsge of the exemptions from taxation available under S505 Incon]e aTLd
CoryoTation Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these
are applied to its chartable obj¢¢ts.'
io.
Tangible r￿ed assets
Leasehold
Improvement
Fixtures,
fittings and
equipment
Total
Cost
At beginning of year
Additions
Disposals
At end of year
17,794
46,792
1,332
64,586
1,332
35,477
Depreciation
At beginning of year
Charge for year
Disposals
At end of year
17,794
35,900
3,386
53,694
3,386
12,647
44,433
Net book value
At 31 Dec¢mber 2024
8,838
At l January 2024
10,892
12

WOOLWELL COMMUNITY RESOURCE TRUST
NOTES TO THE FINANCL4L STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
li.
Stocks
2024
2023
Goods for Tesale
Toys and consumables
1,475
1,000
1,475
1,000
2,475
12.
Debtors
2024
2023
Trad¢ debtors
Other debtors
7,192
3,833
2,675
896
11,025
3,571
13.
Cash at bank and in hand
2024
2023
Current and reserve accounts and &qsh
187573
147,977
14.
Creditors: Amounts filling due within one year
2024
2023
Trade creditors
Other creditOTS
Accruals
Deferred incom¢
4,802
9,921
4,662
1,325
8,164
11,775
1,565
6,656
20,710
28,160
Deferred income relates to room hir¢ invoiced in advance.
Balance brought forward
Added
Released
6,656
1,325
(6,656)
Balance carried forward
13

WOOLWELL COMMUNITY RESOURCE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15.
Creditors: Amounts falling due after olle year
2024
2023
Other creditors
16.
Fund reconciliation
Balance at
beginning
of year
Balance at
end
of year
This year
Income
Expenditure
TransfeTS
Unrestricted fund
Con]munity Centre
Bar activity
ANIPM Club
119,255
440,679
6,123
74,743
(422,809)
(2,446)
(40,844)
{57,644)
(3,677)
(33,899)
79,481
D￿ignated Fund
Postcode Lottery Community Fund
Cessation Fund
65,220
30,000
65,220
30,000
119255
521,545
174 701
Restricted fund
AMPM Development
Total Funds
130,255
521,545
466 099
185,701
Unrestricted Funds
Unrestricted Funds represent income generated from the use of the Woolwell Cotnmunity Centre which is own¢d and
rnaintained by Bickleigh Parish Council. The AMPM Club Fund represents the activity of the OFSTED regist¢red out
of school activity.
Designated Funds
The Postcode Lottery fi￿d is set aside for com]nunity based expenditure and reflects the donation of £70,000 in the
year less costs £4,780.
The Cessation Fund is for staff redundancy and &ssociafrd costs Should th¢ charity have to close.
Restricted Funds
The AMPM D¢v¢lopment fi￿d is to improve external activity areas.
14

WOOLWELL COMMUNITY RESOURCE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16.
Fund reconciliation (continued)
Balance at
beginning
of yeaT
Balance at
end
of year
2023
Income
Expenditure
Transfers
Unrestricted fund
Community Centre
Bar activity
AMPM Club
91,884
329,965
15,300
(359,047)
(9,613)
56,453
(5,687)
119,255
91,884
416 577
389 206
119,255
Restricted fund
AMPM Development
Total Funds
102,884
416 577
389 206
130,255
Unrestricted Funds
Unrestricted Funds Tepr¢sent income generated from the use of the Woolwell Community Centre which is owned and
maintsined by Bickleigh Parish Council. The ANLPM Club Fund represents the activity of the OFSTED r¢gistered out
of school activity.
Restricted Funds
The AMPM Dev¢loprnent fund is to improve external activity areas.
17.
Net assets
Unrestricted
Funds
Restricted
Funds
Total
Fun(ts
Fixed Assets
8,838
8,838
Net Cuffent Assets
169,363
11,000
180,363
Creditors.. Amounts falling due after one year
3,500
3,500
174 701
185,701
18.
Related party transactions
There were no related part transactions in the year.
15

WOOLWELL COIVIMUNITY RESOURCE TRUST
NOTES TO THE FfNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
19.
Financial instruments
The carrying amounts of the chaTity's financial instrllm¢nts are as follows:
Financial assets and liabilities rn¢asured at fair value through net income and ¢xpenditure.
2024
2023
Financial assets
Trade debtors
7,192
2,675
Bank
187573
147 977
Financial liabilities
Trade creditors
4,802
8,164
Other loans (cU￿ent and long tern])
16