Company no. 03301167 Charity no. 1079436
# **Community in Partnership Knowle West Report and Unaudited Financial Statements**
**31 March 2023**
## **Community in Partnership Knowle West**
## **Reference and administrative details**
|**For theyear ended 31**|**March 2023**||
|---|---|---|
|**Company number**|03301167||
|**Charity number**|1079436||
|**Registered office and**|Filwood Community Centre||
|**operational address**|Barnstaple Rd||
||Knowle West||
||Bristol||
||BS4 1JP||
|**Trustees**|Trustees, who are also directors under company law, who served during||
||the year and up to the date|of this report were as follows:|
||Victoria Beckwith||
||Catherine Bruce||
||Bryony Daybell-Jones||
||Gaye Ellacott||
||Bob Fisher||
||Lisa Guppy||
||David Timothy Jones||
||Kenneth Jones|(resigned 24 November 2022)|
||Alan Mogg||
||Xanthe Swift|(Chair, appointed 24 November 2022)|
|**Bankers**|Lloyds TSB Bank plc||
||284 Wells Rd||
||Knowle||
||Bristol||
||BS4 2PY||
|**Solicitors**|Meade King LLP||
||Springfield House||
||45 Welsh Back||
||Bristol||
||BS1 4AG||
|**Independent**|Godfrey Wilson Limited||
|**examiners**|Chartered accountants and|statutory auditors|
||5th Floor Mariner House||
||62 Prince Street||
||Bristol||
||BS1 4QD||
1
## **Community in Partnership Knowle West**
## **Report of the trustees**
## **For the year ended 31 March 2023**
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).
The Board of Trustees presents its report and financial statements for the year ended 31 March 2023. Due to the trustees’ status as directors under the Companies Act 2006, this report constitutes a directors’ report as required by the Companies Act 2006, and has been prepared taking advantage of the exemptions conferred by Part 15 of this Act.
## **Objects of the charity**
The charitable company’s objects are the promotion for public benefit of urban regeneration in the district of Knowle West by the following means:
- ▪the relief of poverty;
- ▪the relief of unemployment and provision of assistance to find employment;
- ▪the advancement of education and training;
- ▪the provision of assistance and advice to new and existing businesses;
- ▪the provision of work space;
- ▪the provision, improvement or maintenance of public amenities;
- ▪the provision of recreational facilities;
- ▪the protection of the environment;
- ▪the provision of public health facilities and childcare; and
- ▪the promotion of public safety and prevention of crime.
The Trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission when reviewing the Charity’s aims and objectives and in planning future activities.
## **Organisation**
The charitable company is managed by a board of trustees under the powers of the company contained within its memorandum and articles of association.
## **Status and governing document**
The organisation is a charitable company limited by guarantee, incorporated on 13 January 1997 and registered as a charity on 17 February 2000. The company changed its name from Knowle West Development Trust Limited to Community in Partnership Knowle West Limited on 22 January 2010. Minor alterations to the governing document were registered at Companies House on 12 March 2022, concerning the appointment and retirement of trustees.
## **Recruitment and induction of trustees**
The board of trustees has up to 15 members, of whom at least four must be local residents. Trustees are elected by the membership at the AGM, and serve for three years before retiring. Retiring trustees may stand for re-election. In addition the board may co-opt trustees, provided the total does not exceed 15. Co-opted trustees shall retire at the next AGM.
2
## **Community in Partnership Knowle West**
## **Report of the trustees**
## **For the year ended 31 March 2023**
All new trustees are issued with an induction pack which contains guidance on their respective responsibilities as trustees, and information on the work and organisation of the charitable company. New members are also encouraged to take up training in the role and responsibilities of trustees, such as that offered by VOSCUR.
## **Activity and users**
Activity grew steadily over the year with several new regular groups starting, including Square Food Foundation, Diabetes Prevention, and Lansdown Park Academy.
Regular users increased from 723 in the first quarter to 764 in the last quarter, and the number of people attending one off events, meetings, parties etc. rose from 1,832 in the first quarter to 2,673 in the last quarter.
## **Projects**
The weekly dance group continued, and a monthly art club and a guitar club started. We joined in the Warm Spaces grant scheme with family film evenings and supported other organisations' events with activities such as pebble painting. At Christmas there was a Santa grotto, carol singing on the street, and a guided tour round the Knowle West houses with the best light displays. The regular Knowle West Fest and the Hearts & Stars evening were again very successful, and we also hosted other events such as the Bristol Ensemble Jubilee Performance. These all contributed to a very full year with several activities every month.
The monthly Filwood Community Outdoor Market moved indoors during the winter but falling attendance meant that it became unattractive to stall holders. At the end of March, the residents committee running it decided to close it for the time being pending the major alterations planned for Filwood Broadway itself.
Funding for the Springboard personal development programme unfortunately came to an end, but some of the sessions have been maintained on a voluntary basis to support local residents who were depending on it.
## **Partnerships and events**
As a founder member of Knowle West Alliance we continued to give time and resources to support it and to benefit from training and funding opportunities. We have close links with Knowle West Media Centre in running Filwood Fantastic, Knowle West Fest, and the new "Knowle West Style".
Both staff and trustees have worked with Bristol City Council in the consultations over the Filwood Broadway Regeneration Framework.
## **Tenants and licensees**
New leases were agreed with the shop tenants who bring business and useful services into Filwood Broadway. The licensee tenants in the centre are still in residence, providing their various services for the local area, including Bristol Drugs project, St Mungos, Education First, and Agile Homes.
3
## **Community in Partnership Knowle West**
## **Report of the trustees**
## **For the year ended 31 March 2023**
## **Restructuring**
In June 2022 we recruited a new Chief Operating Officer thanks to Bristol Impact Funding. Last year we had recognised the need to reduce our costs, and the new C.O.O. led this work. Some redundancies and reduced hours were unfortunately required, but this enabled us to review the annual budget and eventually to meet our reduced targets for the year.
## **Governance**
An AGM was held in November 2022 to receive the annual report, and also the restructuring plans and revised budget.
The meeting confirmed the appointment of a new trustee co-opted earlier in the year, and accepted the retirement of Ken Jones, a long serving trustee who was no longer well enough to fulfil his duties.
Following the AGM the trustees elected Xanthe Swift as the new chair and Tim Jones as the new treasurer.
A review of company policies was initiated, and the trustees conducted an audit of board skills to help us to find new members bringing needed abilities.
## **Refurbishment programme**
There was exciting news in January when the government approved Bristol City Council's bid to the Levelling Up Fund on behalf of its Filwood Broadway Regeneration Programme. This will include £7.5 million to complete the proposed redevelopment of the Community Centre. The Council took our proposals as the basis for the bid and are now putting together a project team to finalise the design.
## **Staff and volunteers**
Reducing staff costs is always a difficult process, and we are very grateful for the patience and cooperation of our staff as the assessment went on. Our long-term buildings manager, June McNeill, accepted redundancy, and we wish to record our thanks for her immense contribution to keeping the Centre open over the last thirteen years.
Volunteers have been central to keeping the IT suite serving local residents, and the payback teams continue to do a great job of keeping the Centre grounds tidy.
## **Thanks**
The trustees wish to thank the staff and volunteers for their hard work through the year, and for all those who encouraged and supported our work in many different ways.
We are also extremely grateful for the financial support of our grant funders, including Bristol City Council through the Bristol Impact Fund.
4
## **Community in Partnership Knowle West**
## **Report of the trustees**
## **For the year ended 31 March 2023**
## **Financial review**
The charity made a deficit for the year of £38,962 compared to a surplus of £73,721 in 2022. There was an unrestricted deficit of £15,970 after transfers and a restricted deficit of £22,992 after transfers. The unrestricted deficit has been subtracted from the unrestricted reserves brought forward of £80,491.
The charity had net assets of £308,969 at 31 March 2023, of which £64,521 were held in unrestricted reserves.
The main funders were Bristol City Council, who provided £98,621 (2022: £72,986) of grants for several specific projects (see note 4).
The charity also receives rental income from properties on Filwood Broadway and letting out the community centre.
## **Reserves**
The free reserves of the charitable company (total unrestricted funds less unrestricted funds held as fixed assets) at 31 March 2023 are £82. The trustees' reserves policy is to hold in free reserves between three and six months of unrestricted expenditure. Based on 2022/23 expenditure, this would give a free reserves target of between £49k and £100k. In order to rebuild towards this target, each budget for the next three years will be drawn up to aim for a small surplus. The trustees have also put in place various measures in the post year end period, as set out in accounting policy 1(b), to work towards restoring the reserves position.
## **Plans for 2023/24**
This year is likely to be a year of consolidation and planning for the future. Preparations for the redevelopment work are likely to take up the rest of the year, with the actual building work starting in 2025.
A new website is being developed to increase the opportunities for online promotion of our facilities.
Although some cultural grant funding has been reduced this year there will be a programme of events through the summer ("Knowle West Style") supported by the Bristol High Streets Fund, as well as the in-house workshops through the year.
Having completed the restructuring task, the Chief Operating Officer resigned in June 2023, so we are in the process of re-evaluating our management structure in the wider context of our links with local partner organisations. In the meantime the trustees are providing more active oversight to support the staff team.
5
## **Community in Partnership Knowle West**
## **Report of the trustees**
## **For the year ended 31 March 2023**
## **Statement of responsibilities of the trustees**
The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- ▪ observe the methods and principles in the Charities SORP; ▪ make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
## **Independent examiners**
Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 10 October 2023 and signed on their behalf by
Mrs X Swift - Chair of Trustees
6
## **Independent examiner's report**
## **To the trustees of**
## **Community in Partnership Knowle West**
I report to the trustees on my examination of the accounts of Community in Partnership Knowle West (the charitable company) for the year ended 31 March 2023, which are set out on pages 9 to 23.
## **Responsibilities and basis of report**
As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the charitable 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 the charitable 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 examiner’s statement - matter of concern identified**
Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (1) accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
- (2) the accounts do not accord with those records; or
- (3) 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
- (4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
My examination identified a material uncertainty in relation to the charity's ability to continue as a going concern. At 31 March 2023, the charity's unrestricted net current assets (excluding restricted funds and tangible fixed assets) were £82. For the reasons set out in accounting policy 1(b), the trustees consider it appropriate to adopt the going concern basis for the preparation of these accounts.
7
## **Independent examiner's report**
## **To the trustees of**
## **Community in Partnership Knowle West**
I have no other concerns and have come across no other matters 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.
## William Guy Blake
Date: 13 October 2023 **William Guy Blake ACA Member of the ICAEW** For and on behalf of: **Godfrey Wilson Limited** Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
8
## **Community in Partnership Knowle West**
**Statement of financial activities** _(incorporating an income and expenditure account)_
## **For the year ended 31 March 2023**
|Note
**Income from:**
_Donations and legacies_
3
_Charitable activities:_
Grants
4
Events
Fundraising
Hire of rooms
_Other trading activities:_
Bar income
_Investments:_
Rental property income
Bank interest receivable
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
6
**Net income / (expenditure)**
Transfers between funds
**Net movement in funds**
8
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|Restricted Unrestricted
£
£
-
664
124,512
35
-
2,598
-
-
-
117,621
-
12,448
-
18,465
-
29
124,512
151,860
-
30,633
147,504
137,197
147,504
167,830
(22,992)
(15,970)
-
-
(22,992)
(15,970)
267,440
80,491
244,448
64,521|**2023**
**Total**
**£**
**664**
**124,547**
**2,598**
**-**
**117,621**
**12,448**
**18,465**
**29**
**276,372**
**30,633**
**284,701**
**315,334**
**(38,962)**
**-**
**(38,962)**
**347,931**
**308,969**|2022
Total
£
3,512
231,140
2,215
525
105,804
10,264
17,536
4|
|---|---|---|---|
||||371,000|
||||32,791
264,488|
||||297,279|
||||73,721
-|
||||73,721
274,210|
||||347,931|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 16 to the accounts.
9
## **Community in Partnership Knowle West**
## **Balance sheet**
## **As at 31 March 2023**
|Note
**Fixed assets**
Tangible assets
11
**Current assets**
Stock
12
Debtors
13
Cash at bank and in hand
**Liabilities**
Creditors: amounts falling due within 1 year
14
**Net current assets**
**Net assets**
15
**Funds**
16
Restricted funds
Capital
Revenue
Unrestricted funds
Designated funds
General funds
**Total charity funds**|**£**
**3,744**
**15,107**
**30,002**
**48,853**
**(24,229)**|**2023**
**£**
**284,345**
**24,624**
**308,969**
**219,906**
**24,542**
**4,888**
**59,633**
**308,969**|2022
£
286,624|
|---|---|---|---|
||||1,772
8,869
77,587|
||||88,228
(26,921)|
||||61,307|
||||347,931|
||||221,297
46,143
8,861
71,630|
||||347,931|
The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for:
- (i) ensuring that the Company keeps proper accounting records which comply with section 386 of the Act; and
- (ii) preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.
Approved by the trustees on 10 October 2023 and signed on their behalf by
Mrs X Swift - Chair of Trustees
10
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **1. Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Community in Partnership Knowle West meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **b) Going concern basis of accounting**
The accounts have been prepared on the assumption that the charity is able to continue as a going concern.
The work done in the past year to reduce costs and increase earnings has made the finances more sustainable. Looking to the future, the large redevelopment programme planned by Bristol City Council will bring some disruption to our normal operation, and they are providing a grant to enable our staff to work on some aspects of the development. We expect this to be adequate to maintain financial stability.
The charity was below its reserves target at the year end, but the trustees consider that the measures put in place will enable the charity to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved, and begin the process of rebuilding the reserves.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. This is usually when the grant has been received.
11
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **d) Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **e) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
## **f) Funds accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## **g) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **h) Allocation of support and governance costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated in full to charitable activities as all support and governance costs are for the running of the community centre.
## **i) Tangible fixed assets**
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Short leasehold properties Straight line over the life of the lease Property improvements Straight line over the life of the lease Furniture and equipment 25% straight line
Items of equipment are capitalised where the purchase price exceeds £1,000.
12
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **j) Stock**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **k) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **l) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **m) Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **n) Financial instruments**
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
## **o) Pension costs**
The charitable company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.
## **p) Redundancy and termination payments**
Where an employee receives a termination benefit the full cost is recognised at the date the employee is notified.
## **q) Accounting estimates and key judgements**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note 1i.
13
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **2. Prior period comparatives: statement of financial activities**
||||||**2022**|
|---|---|---|---|---|---|
||||Restricted|Unrestricted|**Total**|
||||£|£|**£**|
||**Income from:**|||||
||_Donations and legacies_||-|3,512|**3,512**|
||_Charitable activities:_|||||
||Grants||214,359|16,781|**231,140**|
||Events||-|2,215|**2,215**|
||Fundraising||-|525|**525**|
||Hire of rooms||-|105,804|**105,804**|
||_Other trading activities:_|||||
||Bar income||-|10,264|**10,264**|
||_Investments:_|||||
||Rental property income||-|17,536|**17,536**|
||Bank interest receivable||-|4|**4**|
||**Total income**||214,359|156,641|**371,000**|
||**Expenditure on:**|||||
||Raising funds||-|32,791|**32,791**|
||Charitable activities||119,502|144,986|**264,488**|
||**Total expenditure**||119,502|177,777|**297,279**|
||**Net income / (expenditure)**||94,857|(21,136)|**73,721**|
||Transfers between funds||-|-|**-**|
||**Net movement in funds**||94,857|(21,136)|**73,721**|
|**3.**|**Donations**|||||
|||||**2023**|2022|
|||Restricted|Unrestricted|**Total**|Total|
|||£|£|**£**|£|
||Donations|-|664|**664**|626|
||Coronavirus Job Retention Scheme|-|-|**-**|2,886|
|||-|664|**664**|3,512|
All income from donations in the prior year was unrestricted.
14
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **4. Grants**
|**Grants > £5,000**
Sport England
Bristol City Council
Sported Foundation
**Grants < £5,000**
**Total grants**
**Prior period comparative:**
**Grants > £5,000**
Sport England
Bristol City Council
Creative Civic Change
School for Social SESF
**Grants < £5,000**
**Total grants**|Restricted
£
£
7,271
-
98,621
-
9,980
-
8,640
35
124,512
35
Restricted
£
£
111,828
-
56,986
16,000
30,866
-
12,000
-
2,679
781
214,359
16,781
Unrestricted
Unrestricted|**2023**
**Total**
**£**
**7,271**
**98,621**
**9,980**
**8,675**|
|---|---|---|
|||**124,547**|
|||2022
Total
£
111,828
72,986
30,866
12,000
-
3,460|
|||231,140|
## **5. Government grants**
The charitable company receives government grants, defined as funding from Sports England, Bristol City Council and the Coronavirus Job Retention Scheme to fund charitable activities. The total value of such grants in the period ending 31 March 2023 was £105,892 (2022: £184,815). There are no unfulfilled conditions or contingencies attaching to these grants in 2022/23.
15
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **6. Total expenditure**
|**Total expenditure**||||
|---|---|---|---|
|Staff costs (note 9)
Bar and café costs
Rent and rates
Utilities
Health and safety
Cleaning
Travel and subsistence
Printing, postage and stationery
Advertising
Telephone and broadband
Legal and professional fees
Accountancy costs
Maintenance
IT costs
Insurance
Subscriptions
Bank charges
Bad debts
Volunteer gifts and expenses
Events and activity costs
Grants payable (note 7)
Recruitment costs
Depreciation
**Sub-total**
Allocation of support and governance costs
**Total expenditure**|£
30,633
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
30,633
-
**30,633**
Raising
funds|£
£
117,601
33,293
7,793
-
9,919
-
31,501
-
5,341
-
2,234
-
-
2,627
-
2,480
-
2,667
131
-
-
4,507
-
3,468
-
16,004
1,367
-
-
4,836
-
1,708
-
368
320
-
-
53
8,215
-
12,490
-
-
1,375
-
14,403
196,912
87,789
87,789
(87,789)
**284,701**
**-**
Charitable
activities
Support and
governance
costs|**2023**
**Total**
**£**
**181,527**
**7,793**
**9,919**
**31,501**
**5,341**
**2,234**
**2,627**
**2,480**
**2,667**
**131**
**4,507**
**3,468**
**16,004**
**1,367**
**4,836**
**1,708**
**368**
**320**
**53**
**8,215**
**12,490**
**1,375**
**14,403**|
||||**315,334**
-|
||||**315,334**|
Total governance costs were £2,640 (2022: £2,400).
16
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **6. Total expenditure (continued) Prior period comparative:**
|Staff costs (note 9)
Bar and café costs
Rent and rates
Utilities
Health and safety
Cleaning
Travel and subsistence
Printing, postage and stationery
Advertising
Telephone and broadband
Legal and professional fees
Accountancy costs
Maintenance
IT costs
Insurance
Subscriptions
Bank charges
Bad debts
Volunteer gifts and expenses
Events and activity costs
Grants payable (note 7)
Recruitment costs
Depreciation
Sub-total
Allocation of support and governance costs
Total expenditure
**7.**
**Grants payable**
Grants payable to institutions:
Knowle West Media Centre|£
32,791
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
32,791
-
32,791
Raising
funds|£
£
107,167
29,230
4,586
-
6,039
-
25,067
-
3,755
-
1,234
-
-
813
-
1,780
-
1,130
1,207
-
-
2,665
-
3,388
-
7,267
4,181
-
-
4,690
-
2,307
-
329
2,821
-
-
85
21,993
-
20,794
-
-
790
-
11,170
198,844
65,644
65,644
(65,644)
264,488
-
**2023**
**£**
**12,490**
Charitable
activities
Support and
governance
costs|£
169,188
4,586
6,039
25,067
3,755
1,234
813
1,780
1,130
1,207
2,665
3,388
7,267
4,181
4,690
2,307
329
2,821
85
21,993
20,794
790
11,170
2022
Total|
|---|---|---|---|
||||297,279
-|
||||297,279|
||||2022
£
20,794|
17
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
**8. Net movement in funds**
This is stated after charging:
|Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiners' remuneration (excluding VAT):
Independent examination|**2023**
**£**
**14,403**
**Nil**
**Nil**
**2,200**|2022
£
11,170
Nil
Nil
2,000|
|---|---|---|
## **9. Staff costs and numbers**
Staff costs were as follows:
|Salaries and wages
Social security costs
Pension costs
Redundancy and terminations
Freelancers|**2023**
**£**
**164,880**
**3,670**
**2,065**
**9,088**
**1,824**
**181,527**|2022
£
163,842
3,495
1,851
-
-|
|---|---|---|
|||169,188|
Redundancy costs comprises payments of £9,088 to two employees, funded from unrestricted reserves.
No employee earned more than £60,000 during the year (2022: £nil).
The key management personnel of the charitable company comprise the Trustees. The trustees do not receive any remuneration for their role.
|Average head count|**2023**
**No.**
**14.4**|2022
No.
13.4|
|---|---|---|
## **10. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
18
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **11. Tangible fixed assets**
|**Cost**
At 1 April 2022
Additions in year
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
**At 31 March 2023**
At 31 March 2022
**12. Stock**
Bar stock
**13. Debtors**
Trade debtors
Other debtors|£
£
£
75,000
239,126
120,597
-
12,124
-
**75,000**
**251,250**
**120,597**
28,000
8,985
113,722
1,120
9,639
2,750
**29,120**
**18,624**
**116,472**
**45,880**
**232,626**
**4,125**
47,000
230,141
6,875
Short
leasehold
property
Property
improvements
Furniture and
fittings|£
6,002
-
**6,002**
3,394
894
**4,288**
**1,714**
2,608
**2023**
**£**
**3,744**
**2023**
**£**
**14,210**
**897**
**15,107**
Equipment|**Total**
**£**
**440,725**
**12,124**|
|---|---|---|---|
||||**452,849**|
||||**154,101**
**14,403**|
||||**168,504**|
||||**284,345**|
||||286,624|
||||2022
£
1,772|
||||2022
£
8,624
245|
||||8,869|
19
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **14. Creditors : amounts due within 1 year**
|**Creditors : amounts due within 1 year**|||
|---|---|---|
|Trade creditors
Accruals
Other creditors
Other taxation and social security|**2023**
**£**
**7,840**
**8,017**
**6,647**
**1,725**
**24,229**|2022
£
10,576
11,809
4,533
3|
|||26,921|
## **15. Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
**Net assets at 31 March 2023**
**Prior period comparative**
Tangible fixed assets
Current assets
Current liabilities
**Net assets at 31 March 2022**|Restricted
funds
£
219,906
31,008
(6,466)
**244,448**
Restricted
funds
£
221,297
46,143
-
267,440|Designated
funds
£
-
4,888
-
**4,888**
Designated
funds
£
-
8,861
-
8,861|General
funds
£
64,439
12,957
(17,763)
**59,633**
General
funds
£
65,327
33,224
(26,921)
71,630|**Total**
**funds**
**£**
**284,345**
**48,853**
**(24,229)**|
|---|---|---|---|---|
|||||**308,969**|
|||||Total
funds
£
286,624
88,228
(26,921)|
|||||347,931|
20
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **16. Movements in funds**
|**Movements in funds**||||||
|---|---|---|---|---|---|
|**Restricted funds**
**Capital**
KWDT Core
Property improvements fund
**Revenue**
BCC Digital Gatherings
Bristol Impact Fund 2022
Springboard (Impact fund)
Filwood Fantastic
BCC CIL Funding
Hearts and Stars
High Street Fund
Sport Foundation
SSE - SBES
Welcome Space
Sustainable Redland
School for Social SESF
**Total restricted funds**
_Designated funds:_
Redundancy fund
**Total designated funds**
General funds
**Total unrestricted funds**
**Total funds**
**Unrestricted funds**|At 1 April
2022
£
47,000
174,297
-
1,500
1,834
20,000
10,333
2,239
-
-
-
-
237
10,000
267,440
8,861
8,861
71,630
80,491
347,931|Income
£
-
7,271
400
46,312
-
18,840
-
-
36,208
9,980
5,021
480
-
-
124,512
-
-
151,860
151,860
276,372|£
(1,120)
(7,542)
(400)
(47,808)
(1,834)
(38,840)
(10,333)
(2,239)
(17,160)
(5,500)
(4,248)
(480)
-
(10,000)
(147,504)
-
-
(167,830)
(167,830)
(315,334)
Expenditure|£
**£**
-
**45,880**
-
**174,026**
-
**-**
-
**4**
-
**-**
-
**-**
-
**-**
-
**-**
-
**19,048**
-
**4,480**
-
**773**
-
**-**
-
**237**
-
**-**
-
**244,448**
(3,973)
**4,888**
(3,973)
**4,888**
3,973
**59,633**
-
**64,521**
-
**308,969**
Transfers
between
funds
**At 31 March**
**2023**||
||||||**244,448**|
||||||**4,888**|
||||||**4,888**
**59,633**|
||||||**64,521**|
||||||**308,969**|
**Purposes of restricted funds** KWDT Core
This is funding for future lease amortisation.
Property improvements fund
Funding received for ongoing building repairs and future depreciation.
BCC Digital Gatherings
To support community groups to hold meetings.
Bristol Impact Fund 2022
This grant is to enable us to increase the Centre's activities by supporting the salaries of our staff.
21
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
**16. Movements in funds (continued) Purposes of restricted funds (continued)** Springboard (Impact fund) This grant is to support our Springboard Training Programme.
Filwood Fantastic This is a fund for a community led creative and regeneration project, involving several arts and cultural programmes for the local community.
BCC CIL Funding This grant is for new computer equipment in our IT training suite, plus costs of installation.
Hearts and Stars This is for an annual awards ceremony to recognise local heroes. High Street Fund Funding provided to put on cultural events in 2023. Sport Foundation Funding provided for a sports development fund. SSE - SBES This is a fund to develop a membership scheme. Expenditure represents the payment of salaries and incidental equipment and expenses.
Welcome Space Community welcome spaces during cold winter spell. Sustainable Redland This grant was towards the costs of our community garden. School for Social SESF This grant is towards salaries of duty staff covering out-of-officehours opening times.
## **Purposes of designated funds**
Redundancy fund The designated redundancy fund will be 50% of the maximum redundancy obligations of the Charity at the year end.
22
## **Community in Partnership Knowle West**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **16. Movements in funds (continued)**
|**Movements in funds (continued)**||||||
|---|---|---|---|---|---|
|**Prior period comparative**
**Restricted funds**
**Capital**
KWDT Core
Property improvements fund
**Revenue**
Hearts and Stars
Friends of Filwood
Filwood Fantastic
Springboard (Impact fund)
BCC community gatherings
PCT training
Bristol Museum
Sustainable Redland
BCC CIL Funding
School for Social SESF
Bristol Impact Fund 2022
**Total restricted funds**
_Designated funds:_
Redundancy fund
**Total designated funds**
General funds
**Total unrestricted funds**
**Total funds**
**Unrestricted funds**|At 1 April
2021
£
48,120
67,082
2,239
9,577
38,750
6,415
400
-
-
-
-
-
-
172,583
13,641
13,641
87,986
101,627
274,210|Income
£
-
111,828
-
-
47,666
7,335
400
600
3,000
479
10,333
12,000
20,718
214,359
-
-
156,641
156,641
371,000|£
(1,120)
(4,613)
-
(9,577)
(66,416)
(11,916)
(800)
(600)
(3,000)
(242)
-
(2,000)
(19,218)
(119,502)
-
-
(177,777)
(177,777)
(297,279)
Expenditure|£
**£**
-
**47,000**
-
**174,297**
-
**2,239**
-
**-**
-
**20,000**
-
**1,834**
-
**-**
-
**-**
-
**-**
-
**237**
-
**10,333**
-
**10,000**
-
**1,500**
-
**267,440**
(4,780)
**8,861**
(4,780)
**8,861**
4,780
**71,630**
-
**80,491**
-
**347,931**
Transfers
between
funds
**At 31 March**
**2022**||
||||||**267,440**|
||||||**8,861**|
||||||**8,861**
**71,630**|
||||||**80,491**|
||||||**347,931**|
## **17. Related party transactions**
There were no related party transactions in the current or prior year.
23