**REGISTERED COMPANY NUMBER: 03857179 (England and Wales) REGISTERED CHARITY NUMBER: 1079452**
## **Report of the Trustees and**
## **Financial Statements for the Year Ended 31 March 2023**
## **for**
**BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
**BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7 to 8|
|**Notes to the Financial Statements**|9 to 16|
|**Detailed Statement of Financial Activities**|17|
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and Aims**
The charity exists to promote the wellbeing of the local community by engaging, responding, caring and serving.
The principal activities of the trust is the operation of The Phoenix Centre and the delivery of community facing services and activities helping to meet the needs of younger and elderly members of the community and those disadvantaged by age or infirmity.
Further details of the trusts activities during year are outlined in the Chairman's Statement.
The Trustees have considered the guidance published by the Charities Commission in relation to public benefit and confirm that they adhere to this guidance. The Trustees are of the opinion that the objectives and activities of the charity ensure that it assists beneficiaries in the Bowness and Windermere area.
Page 1
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023**
## **FINANCIAL REVIEW**
## **Financial position**
During the year the traditional operating activities within The Phoenix Centre have continued to be slow to return to a level sufficient to match the increasing levels of expenditure required to maintain the premises.
Our long-term tenant base of Heathwaite Football Club, Windermere Weight Trainers, Windermere Sea Scouts and other regular attendees such as Windermere Youth Project, Mayala Redondo Holistic Therapist, Rhythm Time, U3A Table Tennis and South Cumbria Breastfeeding Support group have all continued to attend the premises on a regular basis and their rents are responsible for the core level of the income generated.
The trust is however challenged by constraints regarding the extent to which hire charges can be sensibly increased to maximise income levels as many of the organisations concerned are themselves challenged financially.
Occasional users continue to rent the facilities for ad hoc events such as children's parties and these are charged out at a level competitive with other facilities available locally.
Outreach community projects have also continued to be delivered and specifically funded by a variety of local and organisational funding and successful grant applications. During the year such financial support was received from organisations such as: Windermere Town Council, Electricity North West Ltd, Windermere & Ambleside Lions Club, Electrical Safety First, Andrew Backhouse Chimney Sweep Ltd, Windermere School. Historically Cumbria County Council provided support towards our Windermeals project.
Social engagement projects involving members of our community funded by such support included:
Afternoon tea at Lakeland, The Queens 60th Jubilee Party at Windermere Jetty, Fish & Chips at The Midland Hotel, Christmas Dinner at Craig Manor Hotel,
Funding also provided for our 'All Fired Up' electrical safety project relating to the dangers of insecure electrical leads to help address dangers of poorly maintained electrical equipment in the homes of the elderly.
There continues to be a local need to respond to social isolation and the Trust intends to continue to seek funding to find innovative ways to address this issue via appropriate grant support.
The opportunity to engage with those impacted by social isolation at luncheons and similar events is a legacy of our highly successful Windermeals Project that ran during the Covid Pandemic during which approximately 11,000 meals were locally produced and delivered to residents across Bowness and Windermere.
Where feasible projects that engage people in a multi-generational environment are regarded as extremely valuable to the younger and older attendees and it is hoped that such project will be further developed in future years.
The success of these project would not have been possible without the dedication of small team of part time staff and local volunteers.
However, critical to the ongoing sustainability of the Trust, long term solutions are required to address the shortfall regarding income versus expenditure and it is the intention of the trustees to pursue opportunities to address this serious threat to long term sustainability. With The Phoenix Centre approaching its 25th anniversary it is believed likely that in the near future high-cost repairs may well be required to the heating system and other key infrastructure issues such as external and internal decoration will need to be addressed. This year unexpected costs were incurred due to failure of the door closing mechanism and it is likely that other unexpected failures will need to be addressed.
Page 2
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023**
Finally, this year as in previous years, the Trust has seen a falling number in those responsible for its governance and this reduction now seriously impacts on the creation of a robust succession strategy to manage the Trust going forward. It is intended that a serious recruitment campaign be implemented to address this additional concern.
W F Smith Chair of Trustees
## **Reserves policy**
The Trust had free reserves (general reserves excluding fixed assets and restricted reserves) of £163,743 at 31 March 2023. The Trustees policy is to maintain a sufficient level of reserves in line with its operational and strategic needs and they consider that the reserves retained achieves that aim.
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Charity is controlled by its governing documents, a Memorandum of Association which establishes the objects and powers of the charitable company and its Articles of Association which constitute a limited company, limited by guarantee, as defined by The Companies Act 2006.
## **Recruitment and appointment of new trustees**
The Trustees may appoint a person who is willing to act as a Trustee either to fill a vacancy or as an additional Trustee. The Charity may, by ordinary resolution appoint a person who is willing to act, to be a Trustee either to fill a vacancy or as an additional Trustee.
The Trustees may appoint one or more of their number to the unremunerated office of Managing Director or to any other unremunerated office under the Charity. Any such appointment may be made upon such terms as the Trustees determine. Any appointment of a Trustee to an executive office shall terminate if they cease to be a Trustee.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
03857179 (England and Wales)
## **Registered Charity number**
1079452
## **Registered office**
39 Northgate White Lund Industrial Estate Morecambe Lancashire LA3 3PA
## **Trustees**
B J B Drury J J Richards M D Pollard retired (deceased 6/8/2022) W F Smith A Jackson E M Mullen R A Pow
Page 3
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
Gillian Telford FMAAT RFM Lancaster Limited 39 Northgate White Lund Morecambe Lancashire LA3 3PA
## **Solicitors**
Progression Solicitors 5 Crescent Road Windermere LA23 1EA
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..............................................................
W F Smith - Trustee
Page 4
## **Independent Examiner's Report to the Trustees of Bowness and Windermere Community Care Trust**
## **Independent examiner's report to the trustees of Bowness and Windermere Community Care Trust ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity's 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 with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that 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 charity'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**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the 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)).
I have no 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.
Gillian Telford FMAAT
RFM Lancaster Limited 39 Northgate White Lund Morecambe LA3 3PA
Date: .............................................
Page 5
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023**
|**Unrestricted**
**funds**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
180
**Charitable activities**
Phoenix Centre
22,532
Other trading activities
2
(90)
Investment income
3
1,303
Other income
1,200
**Total**
25,125
**EXPENDITURE ON**
Raising funds
-
**Charitable activities**
4
Phoenix Centre
57,965
Luncheon Club
-
Public Toilets
-
Windermeals
1,492
**Total**
59,457
**NET INCOME/(EXPENDITURE)**
(34,332)
**RECONCILIATION OF FUNDS**
Total funds brought forward
762,993
**TOTAL FUNDS CARRIED FORWARD**
728,661|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**2023**
**Total**
**funds**
**£**
180
22,532
(90)
1,303
1,200
25,125
-
57,965
-
-
1,492
59,457
(34,332)
762,993
728,661|**2022**
**Total**
**funds**
**£**
9,056
32,317
-
416
1,937
43,726
1,563
50,773
312
15,184
11,101
78,933
(35,207)
798,200
762,993|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Balance Sheet 31 MARCH 2023**
|**Notes**
**FIXED ASSETS**
Tangible assets
9
**CURRENT ASSETS**
Debtors
10
Cash at bank
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
12
Unrestricted funds:
General fund
Phoenix Centre Refurbishment Reserve
Phoenix Centre Capital Fund
Phoenix Revaluation Reserve
Phoenix Centre General Project Fund
**TOTAL FUNDS**|**Unrestricted**
**funds**
**£**
564,918
728
164,298
165,026
(1,283)
163,743
728,661
728,661|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-|**2023**
**Total**
**funds**
**£**
564,918
728
164,298
165,026
(1,283)
163,743
728,661
728,661
175,198
7,339
329,876
126,905
89,343
728,661
728,661|**2022**
**Total**
**funds**
**£**
583,072
1,738
182,267
184,005
(4,084)
179,921
762,993
762,993
190,074
7,339
329,876
126,905
108,799
762,993
762,993|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
## The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 7
continued...
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Balance Sheet - continued 31 MARCH 2023**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
W F Smith - Trustee
The notes form part of these financial statements
Page 8
**BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARING THE FINANCIAL STATEMENTS**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Bowness And Windermere Community Care Trust is a private charitable company limited by guarantee, registered in England and Wales.
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.
## **INCOME**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **EXPENDITURE**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **RAISING FUNDS**
Costs of generating funds comprise the costs associated with attracting voluntary income, the costs of fundraising and procuring investment income. As these costs are negligible, no figure has been attributed to this item.
## **CHARITABLE ACTIVITIES**
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **TANGIBLE FIXED ASSETS**
The freehold property was valued on 22 March 2010 by professional valuers Hackney & Leigh Ltd, Windermere and is included at the re-valued amount, the difference between the net book value prior to re-valuation and the market value being taken to the Revaluation reserve included in Unrestricted reserves. The Trustees seek an informal confirmation each year when the insurance is renewed from professional valuers Hackney & Leigh Ltd, Windermere to ensure that the market value of the property is still in line with that as stated in the accounts.
Depreciation is provided on fixed assets using the following rates and methods:-
Freehold Property - 2% straight line. All other Fixed Assets - 20% reducing balance.
## **TAXATION**
The charity is exempt from corporation tax on its charitable activities.
Page 9
continued...
**BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES - continued**
## **FUND ACCOUNTING**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **GOVERNMENT GRANTS**
Grants have been accounted for using the performance model. The performance model requires that: - A grant that does not impose specified future performance-related conditions on the recipient is recognised in income when the grant proceeds are received or receivable.
- A grant that imposes specified future performance-related conditions on the recipient is recognised in income only when the performance-related conditions are
## **2. OTHER TRADING ACTIVITIES**
## **3.**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
|Rental Income
**INVESTMENT INCOME**
Interest Receivable|**2023**
**£**
(90)
**2023**
**£**
1,303|**2022**
**£**
-|
|||**2022**
**£**
416|
## **4. CHARITABLE ACTIVITIES COSTS**
|**CHARITABLE ACTIVITIES COSTS**||
|---|---|
||**Direct**|
||**Costs (see**|
||**note 5)**|
||**£**|
|Phoenix Centre|57,965|
|Windermeals|1,492|
||59,457|
Page 10
continued...
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **5. DIRECT COSTS OF CHARITABLE ACTIVITIES**
|Staff costs
Rent Rates and water
Insurance
Utilities
Telephone
Cleaning
Maintenance
Miscellaneous + Project Costs
Accountancy and independent examination fee
Public Toilets overheads
Covid meals
Miscellaneous historical debt
Depreciation
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Independent examination fee|**2023**
**£**
12,841
1,227
2,378
4,270
596
669
11,003
1,753
6,114
-
1,492
(1,040)
18,154
59,457
**2023**
**£**
18,154
-|**2022**
**£**
12,625
1,383
1,631
3,355
774
506
4,823
1,955
5,845
15,184
11,101
-
18,188|
|---|---|---|
|||77,370|
|||**2022**
**£**
18,188
400|
## **6. NET INCOME/(EXPENDITURE)**
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
Let's Talk Shop Limited, a company of which W F Smith is a director and shareholder, provides administration services for which it received £1,320 (2022 £1,320). This is provided for in the Memorandum of Association.
Apart from the above, there were no Trustees' remuneration or other benefits for the year ended 31 March 2023, nor for the year ended 31 March 2022.
## **TRUSTEES' EXPENSES**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Page 11
continued...
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023**
|**8.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**Unrestricted**
**funds**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
9,056
**Charitable activities**
Phoenix Centre
32,317
Investment income
416
Other income
1,937
**Total**
43,726
**EXPENDITURE ON**
Raising funds
1,563
**Charitable activities**
Phoenix Centre
50,773
Luncheon Club
312
Public Toilets
-
Windermeals
11,101
**Total**
63,749
**NET INCOME/(EXPENDITURE)**
(20,023)
**Transfers between funds**
5,065
**Net movement in funds**
(14,958)
**RECONCILIATION OF FUNDS**
Total funds brought forward
777,951
**TOTAL FUNDS CARRIED FORWARD**
762,993|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
15,184
-
15,184
(15,184)
(5,065)
(20,249)
20,249
-|**Total**
**funds**
**£**
9,056
32,317
416
1,937
43,726
1,563
50,773
312
15,184
11,101
78,933
(35,207)
-
(35,207)
798,200
762,993|
|---|---|---|
Page 12
continued...
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **9. TANGIBLE FIXED ASSETS**
|**9.**
**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|
|**Freehold**
**Plant and**
**property**
**machinery**
**£**
**£**
**COST**
At 1 April 2022 and 31 March 2023
901,100
7,976
**DEPRECIATION**
At 1 April 2022
318,688
7,386
Charge for year
18,022
118
At 31 March 2023
336,710
7,504
**NET BOOK VALUE**
At 31 March 2023
564,390
472
At 31 March 2022
582,412
590
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
VAT
Prepayments
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
VAT
Accrued expenses
**12.**
**MOVEMENT IN FUNDS**
**Net**
**movement**
**At 1/4/22**
**in funds**
**£**
**£**
**Unrestricted funds**
General fund
190,074
(34,331)
Phoenix Centre Refurbishment
Reserve
7,339
-
Phoenix Centre Capital Fund
329,876
-
Phoenix Revaluation Reserve
126,905
-
Phoenix Centre General Project Fund
108,799
(1)
762,993
(34,332)
**TOTAL FUNDS**
762,993
(34,332)|**Office**
**equipment**
**£**
1,371
1,301
14
1,315
56
70
**2023**
**£**
-
728
-
728
**2023**
**£**
1,176
107
-
-
1,283
**Transfers**
**between**
**funds**
**£**
19,455
-
-
-
(19,455)
-
-|**Totals**
**£**
910,447||
|||327,375
18,154||
|||345,529||
|||564,918||
|||583,072||
|||**2022**
**£**
1,340
-
398
1,738
**2022**
**£**
2,870
403
60
751
4,084
**At**
**31/3/23**
**£**
175,198
7,339
329,876
126,905
89,343|**2022**
**£**
1,340
-
398|
||||1,738|
||||**2022**
**£**
2,870
403
60
751|
||||4,084|
|||728,661||
|||728,661||
Page 13
continued...
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **12. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|25,126|(59,457)|(34,331)|
|Phoenix Centre General Project Fund|(1)|-|(1)|
||25,125|(59,457)|(34,332)|
|**TOTAL FUNDS**|25,125|(59,457)|(34,332)|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Phoenix Centre Refurbishment
Reserve
Phoenix Centre Capital Fund
Phoenix Revaluation Reserve
Phoenix Centre General Project Fund
**Restricted funds**
Public Toilets
**TOTAL FUNDS**|**At 1/4/21**
**£**
187,010
7,339
347,898
126,905
108,799
777,951
20,249
798,200|**Net**
**movement**
**in funds**
**£**
(2,001)
-
(18,022)
-
-
(20,023)
(15,184)
(35,207)|**Transfers**
**between**
**funds**
**£**
5,065
-
-
-
-
5,065
(5,065)
-|**At**
**31/3/22**
**£**
190,074
7,339
329,876
126,905
108,799|
|---|---|---|---|---|
|||||762,993
-|
|||||762,993|
Comparative net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|43,726|(45,727)|(2,001)|
|Phoenix Centre Capital Fund|-|(18,022)|(18,022)|
||43,726|(63,749)|(20,023)|
|**Restricted funds**||||
|Public Toilets|-|(15,184)|(15,184)|
|**TOTAL FUNDS**|43,726|(78,933)|(35,207)|
Page 14
continued...
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Phoenix Centre Refurbishment
Reserve
Phoenix Centre Capital Fund
Phoenix Revaluation Reserve
Phoenix Centre General Project Fund
**Restricted funds**
Public Toilets
**TOTAL FUNDS**|**At 1/4/21**
**£**
187,010
7,339
347,898
126,905
108,799
777,951
20,249
798,200|**Net**
**movement**
**in funds**
**£**
(36,332)
-
(18,022)
-
(1)
(54,355)
(15,184)
(69,539)|**Transfers**
**between**
**funds**
**£**
24,520
-
-
-
(19,455)
5,065
(5,065)
-|**At**
**31/3/23**
**£**
175,198
7,339
329,876
126,905
89,343|
|---|---|---|---|---|
|||||728,661
-|
|||||728,661|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|68,852|(105,184)|(36,332)|
|Phoenix Centre Capital Fund|-|(18,022)|(18,022)|
|Phoenix Centre General Project Fund|(1)|-|(1)|
||68,851|(123,206)|(54,355)|
|**Restricted funds**||||
|Public Toilets|-|(15,184)|(15,184)|
|**TOTAL FUNDS**|68,851|(138,390)|(69,539)|
|Purpose of funds||||
Phoenix Capital Fund - arose on redevelopment of the Phoenix Centre. Phoenix Revaluation Reserve - arose from revaluation of the Phoenix Centre on 22 March 2010. Phoenix Centre General Project Fund - set aside for future development of the Phoenix Centre. Phoenix Centre Refurbishment Reserve - for refurbishment of the Phoenix Centre.
Public Toilets - for operation, maintenance and management of the Public Toilets. The total income of this project has been treated as a restricted fund as some of the income received has been provided by public bodies who would be unlikely to be able to agree to the income being applied for other purposes.
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continued...
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **12. MOVEMENT IN FUNDS - continued**
The Trust has started to undertake other projects, the funding for which is likely to be restricted. As these are small and not significant to the other funds as at 31 March 2023 they have not been analysed separately in the accounts.
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
Page 16
## **BOWNESS AND WINDERMERE COMMUNITY CARE TRUST**
## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Rental Income
**Investment income**
Interest Receivable
**Charitable activities**
Income
Recharges for Utilities
**Other income**
Government grants
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Bad debts
**Charitable activities**
Wages
Rent Rates and water
Insurance
Utilities
Telephone
Cleaning
Maintenance
Miscellaneous + Project Costs
Accountancy and independent examination
fee
Public Toilets overheads
Covid meals
Miscellaneous historical debt
Freehold property
Plant and machinery
Computer equipment
Total resources expended
**Net expenditure**|**2023**
**£**
180
(90)
1,303
22,532
-
22,532
1,200
25,125
-
12,841
1,227
2,378
4,270
596
669
11,003
1,753
6,114
-
1,492
(1,040)
18,022
118
14
59,457
59,457
(34,332)|**2022**
**£**
9,056
-
416
2,561
29,756
32,317
1,937
43,726
1,563
12,625
1,383
1,631
3,355
774
506
4,823
1,955
5,845
15,184
11,101
-
18,022
148
18
77,370
78,933
(35,207)|
|---|---|---|
This page does not form part of the statutory financial statements
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