Registered numbèr.. 03869712 Charity numbor.. 1081310 THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST IA Company Limited by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST {A Company Limit by Guarantee) CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Tru$tèos' Roport Indopendent Examinerfs Roport Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-23
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST (A Company Limited by Guaranteo) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trustees Mrs B Tyler, Chair R HaNold Mrs K Wolstemholme Company registered numbar 03869712 Charity registered number 1081310 Registered office Wayland House High Street Walton Thetford Norfolk IP25 6AR Accountants MA Partners LLP Charteied Aecounlanls 7 The Close Notwich Norfolk NR14DJ Page 1
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST (A Company LIMIt by Guarant•e) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present their annual report logethw with the financial statements of the Charity for the period 1 April 2020 to 31 March 2021. The Annual Report serves the purposes of both a Trustees, report and a directors. report under company law. The Trustees confirm that the Annual Report and financial slalements of the charitable company comply with the current slatulory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable lo charilies pparIng their avnI$ in accordance with the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191. Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 20[ (Strategic Report and Directors, Report) Regulations 2013 has been omitled. Obje¢tivos and a¢tivitlos a. Pollcitrs and objectives The charty's objective is lo promote the economic. social. cultural and environmenlal wellbeing of the Wayland area. In selling objeelives and planning for aclivilies, the Trustees have given due consideration lo general guidance published by the Charity Commission relating to public benefil. including the guidan 'Publi¢ benefit. running 8 charity IPB21'. b. A¢tivitig$ und&rtaken to achiove objectives The charity has promoted the economy in the area by providing serVid office Spa lo start up and developing small businesses and through the promotion of local businesses via the Information Centre in the Dragonfly Gallery. The promotion of community culture has been undertaken through arts and cralts at the charity's Dragonfly Gallery. The promotion of social and environmental wellbeing has been actioned through the continued support of Wayland Heritage groups and by the reption Offi providing servIs. advice and support lo the community. . Volunteers The Trustees are grateful for Ihe huge Contribution made by volunteers who are essential lo the organisalion's success. Page 2
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST IA Company Llmlt•d by Guaranto0) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Achievemènts and perfomiance a. Main achievements ofthe Charity The main achievements of the charity in the year under rewew were.. Impioved access for the communty in arts and crafts via the Dragonfly Gallery. Providing wide opportunities lo volunteer in all aspects of Ihe charity's work with new volunteers on board. Active involvement in wider heritage and cultural aclivity. for example the Duleep Singh trail involving local churches and promotion of local lourFsm. Supporting local parishes as requested with advice, assisting grant bids and participation in heritage and other events. Delivering continued servKe lo the wider community via our reception office. Financial review a. Going concern After making appropriate enquiries, the Twslees have a reasonable expeclalion that the Charity has adequate resources lo continue in operational existen foi the foreseeable future_ For this ¥eason, they continue lo adopt the going concern basis in preparing the financial statements. Howevei, the reslri¢tions imposed by Covid-19 and the uncertainty of Ihe fulure. especially in leims of being able lo meet funding requiremenls with regard lo community involvement, are of great conM. If we are unable to mix long leim, we will find il difficult lo provide activities required. Bids will need lo lake Covid into account. There is also concern that there will be a shortage of funds in the coming months lo bid into. b. Reserves poll¢y Reserves are held lo ensure the continued availability of the pmiseS for the benefit of Wayland corllmunily and for match funding for larger project funding bids. As at 31 March 2021 the Charity had 'Yree reserves lunreslri¢led funds excluding fixed asselsl of £21,548. . Summary The Charity's income exeded expenditure by £13,691 in the year. Cash al bank and in hand rose from £32,982 to £42,647. Nel assets as at 31 March 2021 were É323.855. Structure, govornan¢e and managèment Constitution The Wayland Partnership Development Trust is registered as a charitable company limited by guarantee and was sel up by a Memorandum of Association_ b. Methods of appointment or election of Trustees Nolilicalion is given lo Partnei Parishes and locally as the need for new Trustees arises. A formal interview and seleGlion process is undertaken lo ensure potential Trustees understand the aims of the charity and the role of a Trustee. Existing Trustees discuss and vole on all new appoinlmenls. Page 3
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST IA Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Plans for futur8 poriods Forward planning has been very dependent on the level of covid restrictions imposed or likely lo be imposed. Online exhibitions will continue until such time as Ihe gallery can safely re-open to the general public. 11 is planned for the first major event to be a Christmas-relaled Art and Crafts exhibition. A grant towards improving the use DI the gallery space and offer will be used to enable workshops, talks and events lo be held, mainly aimed al the lonely and disadvantaged people of the aiea, with a wider focus on community aclivily. We will continue lo promote our office rentals and training Spa as business begins lo pick up once more and we are experiencing a number of new enquiries. There is increasing inleresl among members of the heritsge group lo restart plans for local research projects pul on hold during Covid. A significant development is the ongoing discussion and pLanning with Norfolk County Council, Breckland Council and others lo develop the use of Wayland House as a technology hub. Alongside our charitable aclivilies, this forms a part of the iniliative to improve the town and high street. Feasibility studies and planning will be conducted in 2021 into 2022. Stat¢ment of Trustotrs. rèsponsibilities The Trustees (who are also the diiectors of the Charity for the purposes of company law} are responsible lor preparing the Trustees. Report and the financial stalemenls in accordance with applicable law and United Kingdom Accounting Standards IUni(ed Kingdom Generally Accepted Accounb"ng Practi1. Company law requires the Trustees to prepare finanal statements for each Iinanual . Under company law. the Trustees musl nol approve the finan31 statemenis unless they are satisfied that they give a trLJe and fair view of the state of affairs of the Charity and of ils incoming iesources and application of resources, including ils income and expenditure, for that period. In preparing these financial stalemenls, the Trustees are required to.. select suitsble a¢untIng policies and then appty them con51slenlly.' observe the methods and principles of the Charits"es SORP {FRS 1021,. make judgments ar)d accounting estimales that are reasonable and prudent.. slate whether applicable UK Accounting Standards {FRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial slalemenls", prepare the financial statements on the going concem basis unless il is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Charity's transactions and disclose with reasonable accuracy al any lime Ihe financial position of the Charity and enable them lo ensure that the financial sialements comply with the Companies Act 2006. They are also responsible for safeguarding the assels of the Charity and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregulaiilies. Approved by order o the members of the board of TrLTrslees and signed on their behalf by.. Mrs B Tyler Dale.. Page 4
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST IA Company Limlt¢d by Guarant&o) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021 Independent Examinarfs Roport to th• Trustees of The Wayland Partnership Dev¢lopm&nt Trust I'the Charity'l I report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2021. Rosponsibiliti8s and Basi$ of Report As the Trustees ol the Charity land its directors for the purposes of company lawl you are responsible for the preparation ol the accounts in accordan wilh Ihe requiiemenls of the Companies Act 20061.the 2006 Acl'}. Having satisfied myself that the accounts of the Charity are not required lo be audited under Part 16 of Ihe 2006 Act and are eligible for independent examinab"on, I report in respect of my examination of the Charity's accounts cairied out under section 145 of the Charities Act 2011 {'Ihe 2011 Acl'l. In carrying out my examination I have followed the Directs"ons given by Ihe Charity Commission under section 14515llbl of the 2011 Act. Independent Examinerfs Statement I have completed my examination. I confirm thal no mallers have come to my attention in connection with the examinalion giving me Cause to believe.. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act,. or the accounts do not accord with those records.. or the a¢counls do not comply with the accounting requirements of section 396 of the 2006 Act olher than any requirement that the accounts give a 'lrue and fairf view wh1ch is not a maller considered as part of an independent examination., OT the accounts have not been prepared in acrdanCe wilh the methods and principles of the Slalemenl of Recommended Practice for a¢¢ounling and reporting by ¢harilies. I have no concerns and have come across no other mallers in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. This report is made Sole lo the Charivs Trustees. as a body. irb accoidance with Part 4 of the Charities (Accounts and ReFY)rts} Regulations 2008. My work has been undertaken so that I might slate lo the Charity's Trustees those mallers l am required lo state to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law, I do not a¢¢ept or assume responsibility lo anyone other Ihan the Charity and the Charity's Tru51ees as a body, for my work or for this report. Signed." Mr F M E Shippam Bsc FCA DChA Oated.. 22 November 2021 MA Partnèrs LLP Chartered Accountants 7 The Close NOn1¢h Norfolk NR14DJ Page 5
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST {A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2021 Restricted Unrè$tri¢ted funds fund$ 2021 2021 Total funds 2021 Total funds 2020 Note Income from- Donations and legacies Charitable activilies Investments 14,$08 16.069 35,652 13 30.577 35.6S2 3,914 47,312 57 Total income 14.508 51.734 66,242 51,283 Expenditure on- Charitable activities 7.209 45.342 52,551 62,841 Total $xpenditur• 7,209 45,342 52,551 62,841 N¥t movemont in funds 7,299 6,392 13,691 (7 1, 558) R8¢on¢iliation of fund8- Total funds brought forward Net movement in funds 289,517 7.299 20,647 6,392 310,164 13,691 321,722 (11,558) Total funds carried forward 296.816 27.039 323.855 310,164 The Slalemenl of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 10 23 form part of these financial slalemenls. Page 6
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST IA Company Limited by Guarantee) REGISTERED NUMBER: 03869712 BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note Fixed assets Tangible assets 10 272.144 279.353 272.144 279,353 Current assets Debtors 12.530 42,647 2,322 32,982 Cash al bank and in hand 55.177 35,304 Creditors.. amounts falling due wlhin one year 12 13.466) (4,493) Net currenl assgts 51.711 30,811 Total assets less current liabilitias 323,8S5 310, 164 Total not assets 323.855 310, 164 Charity funds Resliicled funds Unreslricled funds 13 13 296.816 27.039 289,51T 20,647 Total funds 323.855 310, 164 The Charity was enlilled lo exemption from audit urbder section 477 of the Companies Act 2006. The members have not required the company lo obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for wmplying with the requirements ol the Act with respe¢l lo accounts.ng recoids and preparalton of financial statements. The financial slalemenls have been prepared in accordance with Ihe provisions applicable to entities subjecl lo the small companies regime. Page 7
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST IA Company Limited by Guarant¢•l REGISTERED NUMBER: 03869712 BALANCE SHEET {CONTINUED) AS AT 31 MARCH 2021 The financial slalemenls were approved and aulhorised for issue by the Trustees and signed on their behalf by.. Mrs B Tylèr Dale.. ,I,,Jxi. The notes on pages 9 to 23 fom) part of these financial slalemenls. Page 8
THE WAYLANO PARTNERSHIP OEVELOPMENT TRUST {A Company Llmlt¢d by Guarant¢o1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Gentrral infomiation The Wayland Partnership Development Trust is a private company limited by guarantee. The company's registered office is Wayland House, High Street. Walton. Thefford, Norfolk, IP25 6AR. Accounting policies 2.1 Basis of preparation of financial $lal¢ments The financial slalemenls have been prepared in accorda[) with the Charities SORP IFRS 1021 Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS 1021 leffeclive 1 January 2019}, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Wayland Partnership Development Trust meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are inilially recognised al historical cost or transaction value unless otherwise staled in the relevant accounb.ng policy. 2.2 In¢om• All income is recognised On the Charrty has entitlement lo the income, it IS Probable that the income will be received and the amount of in¢ome [1Vable Can be measured reliably. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant fkjnds on the Balance Sheet. Where income is received in advance of enlitlement ol receipt. ils recognition is deferted and included in creditors as defe¥red income. Where enlillemenl ocwrs before income is receNed, the income is accrued. 2.3 Expenditur8 Expenditure is recognised On there is a legal or constructive obligation lo transfer economic benefit to a third paty. il Is probable Ihat a Iransfer of economic benefits will be required in settlemenl and the amount of the obligalion Can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lolal of diwl ¢osls and shared ¢osls. including support costs involved in undertaking each aclivily. Direct costs attributable lo a single activity are allocated direclly to Ihat activity. Expenditure on charitable activities is incurred on directly undertaking the a¢livilies which further the Charity's objectives, as well as any assoclaled support costs. Grants payable are Charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised a5 expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions whKh have not been mel al the year end are noted as a commitment. bul nol accrued as expenditure_ All expenditure is inclusive of irtecoverable VAT. Page 9
THE WAYLANO PARTNERSHIP DEVELOPMENT TRUST IA Company Limlt¢d by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting poli¢i6s Icontinu•d) 2.4 Int¢re$t receivable Interest on funds held on deposit is induded vthen re1vable and the amount Can be measured reliably by the Charity.. this is nomally upon notification of the interest paid or payable by the inslilulion with whom the lunds are deposited. 2.5 Tangible fixed assets and depreciation Tangible fixed assets costing £1,000 01 more are capitalised and recognised when future economic benefits are piobable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised al cost. After recognilion, under the cost model, tangible fixed assets are MeaSud al cost less a¢cumulale<l depciall0n and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be included in the measurement of cost. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their eslimaled useful live5, using the slraighl-line method. Depreciation is provided on Ihe folwIng basis- Freehold property Market stalls Office equipment Property improvemenls not depreciated 25% slraight-line 25V• slraighl-line 4% slraighl-line 2.6 Debtors Trade and other debtors ale recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepabd net of any trade discounts due. 2.7 Cash at bank and in hand Cash al bank and in hand indudes cash and short-lerm highty liquid investments with a short maturity of three month5 or less from the date of acquisitiorb or opening of the deposit or similar accounL 2.8 Liabilitiès and provlsions Liabilitie5 are Tecognised when there is an obligation al the Balance Sheet dale as a result of a past event, Il is probable that a transfer of economic benefit will be reqLJired in settlement. and the amounl of the selllemenl Can be estimated ieliabty. Liabilities are recognised al the amount Ihal the Chanly anticipates il will pay to sellle the debt or the amount it has received as advanced paymenls for the goods or services il MLJSI provide. Page10
THE WAYLAND PARTNERSHIP OEVELOPMENT TRUST IA Company Limited by Guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies (continued) 2.9 Financial inslrum&nts The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequently measured al their settlement valLte with the exception of bank loans which are subsequenlty measured at amortised Cost using the effective inleresl method. 2.10 Pensions The Charity opeiates a defined contribution pension scheme and the pension charge iepresenls the amounts payable by the Charity lo the fund in respect of the year. 2.11 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the TTUStees i furtherance ol the general obieclives of the Charity and which have not been éesignaled for other purposes. Reslricled funds are funds which aTe to be used in accordan¢e wilh specific reslnctions imposed by donors or which have been raised by the Charity for particular purposes. The ¢osis of raising and 3dminisleiing such funds are charged againsl the specific fund. The aim and use of each restricted fund is sel out in the notes lo the financial slalements. Inveslmenl income. gains and losses are allocated lo the appropllate fund. Income from donations and legacies Restficted Unre$tri¢tèd funds funds 2021 2021 Total fund$ 2021 Total funds 2020 Donations 2,568 13,501 2,568 28.009 3,314 600 Grants 14,508 Total 2021 14,508 16.069 30.577 3,914 Total 2020 6CIO 3,314 3,914 Page11
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Incom¥ from charitable activities Unrestricted funds 2021 Total funds 2021 Total lunds 2020 Income from charitable aclivilres- Gallery Income f¥om charitable acts"vilies- MislIaneOUS Income from charitable activities- Rental. virtual services and room hire 315 1,763 315 1.763 5,501 5,412 33,574 33.574 36,399 35,652 35,652 47,312 Analysis of expenditure on charitable activities Summary by fund typo Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Promotion of the e¢onomic, social, environmental and cultural well-being of the Wayland area 7.209 45,342 S2,551 62.841 rolal 2020 7. 709 55, 132 62,841 Page 12
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysis of expenditure by activiti8s Activities undertaken dire¢tly 2021 Grant funding of a¢tiviti•$ Support costs 2021 Total funds 2021 Total funds 2020 2021 Promotion of the economic, social, environmental and cullural well-being of the Wayland aa 27.585 24,966 52,551 62,841 Total 2020 35. 642 26.699 62.841 Page 13
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST IA Cornpany Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysis of expenditure by activities (continued) Analysis of dirgct Costs Total funds 2021 Total funds 2020 Staff costs Office maintenance and venue hire Equipment Gallery Cleaning INaste 18,106 2,032 4,134 262 18,185 3,083 6,043 3,523 1,554 2,604 650 522 1,994 535 Security 27,585 35.642 Analy$i$ ofsupport Costs Total funds 2021 Total funds 2020 Depreciation Insurance and ulililies Marketing Telephone and intemel Other 7.209 9,OS1 250 5,673 507 7,559 8.861 400 6,354 714 Postage Governall costs 26 2,250 2.811 24.966 26.699 Page fj4
THE WA YLAND PARTNERSHIP DEVELOPMENT TRUST (A Company Limited by Guarant801 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Independènt examin0$ r¢munoratlon 2021 2020 Fees payable to the Charivs independent examiner foT the independent examination of the Charity's arbnual accounts Fees payable to the Charitys independent examiner in respect of.. All other services not included above 960 800 1.290 1,000 Slaff costs 2021 2020 Wages and salaries Social security costs Contribution to defined contribution pension schemes 17.888 17,888 153 144 218 18.106 18,185 The average number of persons employed by the Charity during the year was as follows= 2021 2020 Part lime No employee received remuneialion amounting to more than £60,000 in either year. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefils (2020- £NIL). During the year ended 31 March 2021. no Trustee expense5 have been incuired (2020- £NIL). Page 15
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 10. Tangible fixed assets Fr¢*hold Plant and property ma¢hinery Office Othèr fixed ¢qulpm8nt a$$•ts Total Cost or valuation Al 1 April 2020 204.016 3.105 28,779 180,234 416.134 Al 31 March 2021 204,016 3.105 28,779 180,234 416,134 Depreciation Al 1 April 2020 Charge foi the year 3.105 28,779 104.897 7.209 136.781 7.209 At 31 March 2021 3,10S 28,779 112.106 143,990 Net book value Al 31 March 2021 204.016 68,128 272,144 At 31 March 2020 204.016 75,337 279.353 11. D&btors 2021 2020 Dua within one yoar Trade debtors Piepayrnenls and accrued income Grants receivable 3,022 1,741 587 9.508 12,530 2.322 Page 16
THE WAYLAND PARTNERSHIP DEVELOPP•lENT TRUST {A Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Creditors.. Amounts falling due within one year 2021 2020 Other creditors A¢¢ruals and deferred income 785 2,681 1,895 2,598 3,466 4.493 Page 17
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST (A Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. Statemtrnt of funds Statemant of funds - current year Balance at 31 March 2021 Balance at 1 April 2020 In¢om& Expenditure Unrestricted funds General Funds- all funds Unallocaled amounts 20,647 50,624 1.110 (45,3421 25,929 1.110 20.647 51.734 145.342) 27,039 Restricted funds INayland House Norfolk Dementia The Surge Fund Sensory Garden - Poslwde Lottery Festival grant Norfolk Community Foundation - BTeckland Council Match Funding Awards lor Al 273.361 2,225 7.500 5.831 600 17.2091 266,152 2.225 7,SOO 5,831 600 s.000 9.508 5,000 9,508 289.517 14,508 17.2091 296,816 Total of funds 310,164 66,242 152,5511 323,855 Page 18
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST (A Company Limitgd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. Statement of funds {¢ontinuedl Wayland Hous8 Since the completion of the capital refurbishment, revenue support was received from the European Regional Development Fund. This programme was completed in 2007 and signed off following a successful Article Ten inspection in September 2008. Following submission of the final audit, the final grant payment was made in Decembe¥ 2008. This fund is being ceduced by depreciation. Norfolk D&mèntia Fund funding fiom the Norfolk Communily Foundation awarded as the result of winning a Norfolk wide dragons, den competition lo support the Memory {dementia} Cafe by conlribuling lo the renting of Ihe Christian Community Centre as well as social events such as meals and outings. Although the funding was restricted to support for those lThiing with dementsa and their carers, there were no other reslri¢tions such as timescales or how the fvnding was spent. The Surge Fund - funding available to groups of young people in the Wayland area lo apply for grants up to £500 to support innovative projects to increase membership, develop new skills and make a difference lo members of the group. Sensory Garden Postcode Lottery The Sensory Garden was uealed in response lo needs expressed by those running the Memory IDemential Café lor a Spa which could be used lo revive memories through the senses and lo enable sufferers lo Continue to use skills. Funding was obtained from the Poslcode Lottery and a project officer empk)yed part time lo enable the project. Fgstival grant - The Charity was awarded a grant of £600 from the Wayland Festival lo assist in the purchase of equipment. Norfolk Community Foundation - Breckland Council Match Funding - The Ch8rily received a grant for the deposit on a new boiler for Wayland House. The deposit was paid pc*sl year end. Awards for All - The Charlty was awarded a grant of £9.508 toward the refuibishmenl ol the Dragonfly Gallery. The funds were received post year end. Pa9e 19
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST (A Company Limited by Guarant801 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. statement of funds {¢ontinued) Statement of funds - prior year Balance al 31 March 2020 Balance al l Apnl 2079 Income ExpendAture Unrestrictèd funds General Funds- all funds 25.096 50,683 f55, 132) 20,647 Restricted funds Wayland House Norfolk Dementia The Surge Fund Sensory Garden- Posto)de Lottery Festival grant 280,570 2,225 {7,209) 273,361 2,225 7.500 5,831 600 (500) 5,831 600 296,626 600 (7, 709) 289,517 Total of funds 321,722 51,283 (62,841) 310, 164 Page 20
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST (A Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. Summary of funds Surnmary of funds- currentyear Balance at 31 Mar¢h 2021 Balance at 1 April 2020 Income Expenditure General funds 20.647 289.517 51,734 14,$08 {45,3421 17.209} 27,039 296,816 Reslri¢ted funds 310,164 66,242 {52,5511 323,855 Summary of funds- prioryear Balanoe al 31 March 2020 Balance al t Apnl 2019 Income EKpenditure General funds Restricted funds 25,096 296.626 50,683 600 (55, 132) (T,709J 20,647 289,5t7 321,722 51,283 (62.841) 310.164 Page21
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST (A Company Limitad by Guarante•} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 15. Analysis of net assets between funds Analysis of net assets between funds - current year Restricted Unre$tri¢ted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Current assets Creditors due within one year 266.653 30.163 5,491 25,014 {3,466) 272.144 55,177 13,466} Total 296,816 27,039 323.855 Analysis of ng1 a$s•ts between funds - prior year Reslricled Unreslricled funds funds 2020 2020 Total funds 2020 Tangible fixed assets Current assets Cfedilors due within one year 273.613 15.904 5, 740 19,400 (4.493) 279,353 35,304 (4,493) Total 289.517 20,647 310, 164 Page 22
THE WAYLAND PARTNERSHIP DEVELOPMENT TRUST IA Company Limited by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Operating lease commitments At 31 March 2021 the Charity had ¢ommilmenls to make fijture minimum lease payments under non- cancellable operating leases as follows". 2021 2020 Not later than 1 yeai Later than 1 year and nol later than 5 years 2,363 6,499 2,363 8,863 8,862 11,226 The following lease payments have t*en recognised as an expense in the Statement of Financial Activities.. 2021 2020 Operating lease rentals 2.435 3,439 17. Related party transactions The Charity has not entered into any related paty Iransaction during the year, nor are there any oulslanding balances owing between related parties and the Charity at 31 March 2021. Page 23