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2022-03-31-accounts

Charity Registration No. 1092910

Company Registration No. 04337821 (England & Wales)

NUMBER ONE COMMUNITY TRUST (TW) LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

NUMBER ONE COMMUNITY TRUST (TW) LTD

CONTENTS

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Page
Chairman's Statement 1
Trustees' Report 2-5
Statement of trustees' responsibilites 6
Independent examiner's report 7
Statement of financial activities 8
Balance Sheet 9
Notes to the financial statements 10-19
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NUMBER ONE COMMUNITY TRUST (TW) LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Rev Dr P T Sanlon
Mr S P Anderson
Mr C Woodward
Mr C Hall
Mr K R Davies
Mrs T J Walton
Mr K M Hurst (resigned 17/10/22)
Mr P Pearce
Mrs M J Taylor (re-appointed Feb 22)
Mr R Horan (appointed 18/7/22)
M Redman (resigned (25/11/21)
Prof. T Clarkson (resigned 30/7/21)
Chair Rev Dr P T Sanlon
Deputy Chair Mr S P Anderson
Charity Number 1092910
Company Number 04337821
Principal Address 1 Rowan Tree Road
Tunbridge Wells
Kent
TN2 5PX
Registered Office 1 Rowan Tree Road
Tunbridge Wells
Kent
TN2 5PX
Independent Examiner Foot Davson Ltd
Chartered Accountants
Lonsdale Gate
Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU
Bankers Unity Trust Bank plc
Nine Bradley Place
Birmingham
B1 2HB
Barclays Bank plc
Tunbridge Wells Branch
Leicestershire
LE87 2BB

NUMBER ONE COMMUNITY TRUST (TW) LTD

CHAIRMAN'S STATEMENT

FOR THE YEAR ENDED 31 MARCH 2022

Chairman’s Report

Thank you for your interest in Number One. As a community focused charity we exist to serve the community that lives around us. I am very aware that our goal is delivered by a large roll call of people who give their time, skills, wisdom, finances and energy. Thank you. As Chairman for the past three years I have had the privilege of seeing people in our community pulling together during what have been without a doubt the most challenging years for people in the vital arenas of health, bereavement, employment, finance, social provision, schooling and travel. The most immediate difficulties of Covid appear to be past – though for many the scars and losses remain. Our Annual Meeting is taking place in the cold of December – and as I watch our community larder and the warmth of our café be increasingly important, as the temperature drops, it is obvious that the challenges for our community are not behind us. They are merely changing form.

I acknowledge the reality of upcoming challenges but I do not feel pessimistic. The past few years of seeing how volunteers, trustees, staff and local residents pull together and help one another as we make use of the facilities Number One offers, gives me confidence that we will together help one another in the coming year as in the past. The following report gives information about finances and decisions and activities pertaining to Number One. All of this is important to digest, and thank you for giving it your attention. What the report cannot communicate nor record is a warm welcome to a meal and mulled wine after the business meeting. I hope you can stay as that social time over food after the meeting also pictures something to us of what is central to Number One: People who are playing different roles in helping build community enjoying the opportunity to get to know one another and recommitting to keeping that going in improved ways over the years to come.

If there is a way you might like to help us at Number One – or if you need support in some way – please make yourself known to us.

With warmest thanks and every blessing for the year to come, Rev. Dr. Peter Sanlon.

Rev. Dr. Peter Sanlon Chairman Dated: 20th March 2023

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NUMBER ONE COMMUNITY TRUST (TW) LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing document, the Companies Act 2006 and “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

These remain the same as in previous years although our ability to implement these objectives and activities was unavoidably constrained during the various lockdowns arising from the coronavirus pandemic. They are:-

We aim to achieve these objectives by:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit and to the government guidance and restrictions in force at various times to counter the coronavirus.

Achievements and performance

The Trust continued to adapt to changing circumstances, seeking to resume the provision of full services to the people of Showfields and Ramslye as soon as legally permitted, following the pandemic, whilst continuing to plan for the future. The Trustees were pro-active in bidding for Covid grants and support and continued to represent the residents’ interests as the plans to redevelop the area progressed.

The trustees and management would like to thank the various stakeholders and partners who share our ambition to support and empower local people – in particular, the Tunbridge Wells Borough Council, Kent County Council and Town & Country Housing Group Foundation, for their ongoing support and commitment. We also wish to thank all those in the community and our members for making a valuable contribution to the activities and regular income.

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NUMBER ONE COMMUNITY TRUST (TW) LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (Continued)

FOR THE YEAR ENDED 31 MARCH 2022

The financial accounts cover the period from 1 April 2021 to 31 March 2022 but this report and the comments of the Chair also reflect on more recent developments.

The challenges faced by the Trust in the two previous years ameliorated during 2021/22 as the vaccination programme accelerated and normal social contact was allowed to resume although this was delayed by the arrival of the Omicron variant of the virus. The trustees took advantage of the quieter periods to hold several business planning workshops as shown below and to upgrade the premises where possible. By the end of the period, full operations had resumed with the Café open for longer hours, library and kindergarten back to normal schedules and hall usage by various groups resuming, with formal risk assessments in place. These activities included salsa, tango and line dancing classes, ‘Hartbeeps’ exercise, School of Dance, YMCA Youth Club, Wealden Tai Chi, Parent Baby and Toddler group, arts and crafts with the Children’s Centre. Special events during the year included an Easter Party, a ‘Spooky Halloween Fiesta’, a Caribbean Family Fun Day, Jubilee Street Party and Boot Sales. More recently, the residents have re-introduced a Saturday Quiz evening and Town & Country Housing group are launching courses in Maths, English and Employability skills to help the unemployed and new mothers to re-enter the workforce.

Trustee, Kevin Hurst took control of the café operations and supervised training for all staff including sessions on food preparation, health, safety and hygiene. The menu was updated and a weekly community larder introduced. New table tennis tables were bought for the Hall.

Collaboration with partners

In keeping with the aspiration to establish the Number One Community Trust as the essential social hub of the district, collaborations began with several organisations who held activities or delivered services at our site. These included the Fair Shares food distribution programme, ‘Nature and Nurture’ sessions for vulnerable children, Citizens Advice Bureau surgeries, Kent Youth Charity supported events

Forward planning

Funding was secured by the Deputy Chair to bring in a consultant to help the trustees to prioritise and to review areas where we could improve. Two sessions took place in the summer of 2021 under the heading ‘Planning for Resilience and Sustainability’. A County Council surveyor was invited to share his experience of developing other community centres in Kent. In Spring 2022, the Chair led another strategic review and SWOT analysis under the heading ‘Steadying the Ship’ as we emerged from a disruptive period which included the pandemic, the announcement of plans to redevelop the Showfields estate and several staff changes. An established Board of Trustees remained confident of a positive future for the locality and the Trust.

Premises

Within the funding constraints caused by Covid and temporary closure of income generating activities, the Trust was able to improve some aspects immediately and plan for the future with a premises review and survey completed as part of a new maintenance and improvement plan. Kitchen and toilets were refurbished, and the external murals completed. Surgeries for residents affected by the large-scale re-development plans for the area were held at Number One and the Trustees engaged closely with those delivering the re-development plan but sadly, there was no significant funding available for a similar upgrading of the community facilities such as the café, hall and library. The trustees continue to explore opportunities for re-negotiating the library service agreement and improving our management and maintenance of the Showfields Hall, which is leased from the Borough Council. A disappointing feature of the year was the recurrence of some acts of vandalism affecting the main and side doors of the Number One Café and offices and to some windows which necessitated costly repairs. A more effective closed circuit tv monitoring system was funded by the TW Borough Council to help counter this.

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NUMBER ONE COMMUNITY TRUST (TW) LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (Continued)

FOR THE YEAR ENDED 31 MARCH 2022

Financial Review

a) Going concern

Despite the impact of the coronavirus enforced closure and restricted operations as well as the severe cost of living increases which impacted on the running costs of the centre, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Government grants helped and Town & Country Housing Group continued to fund the rental costs incurred by the Little Learning Tree preschool serving local residents, although at the time of writing, this funding has not been renewed for the current year. Nevertheless, the Trustees continue to adopt the going concern basis in preparing the financial statements whilst remaining aware of the need to maintain scrutiny of the financial position throughout this and future years, in view of the inflationary environment. Further details regarding the adoption of the going concern basis can be found in the Accounting Policy Reserves policy.

b) Reserves policy

On 31 March 2022 our unrestricted reserves stood at £65,140 (2021: £138,172) which gives us reserves to cover five months normal expenditure. Our restricted reserves stand at £324,804 (2021: £266,388). The trustees are actively seeking additional sources of income through grants and other means to ensure our reserves continue to cover up to six months normal expenditure

c) Deficit

The financial result for the year was an overall deficit of £14,616 (2021: surplus of £35,164) including a net increase in restricted funds of £58,416 (2021: net decrease of £10,368), and a net decrease in unrestricted funds of £73,032 (2021: net increase of £45,432).

d) Principal funding

(i) Voluntary income: Tunbridge Wells Borough Council continued their financial assistance providing another grant this year, however overall grant support was substantially less than received last financial year.

The Trust continued to receive funds from our small number of regular supporters in the current year as before.

Pre-school: income from the Little Learning Tree pre-school is in part a grant of £1,050 (2021: £9,720) from Town & Country Housing Group (T&CHG) to offset discounted rent and facilities costs provided by the Trust. We await a decision on 2022/23 support as the T&CHG policy on grant awarding has changed.

(ii)

(iii) Subscriptions, sales & hiring fees: The main source of income under this heading is the charge made to KCC Libraries for the provision of the library premises. Income from Café and Hall rental again started to grow following the Covid closures and our aspiration is to continue to grow this income from both cafe sales and hall hire fees although our staffing costs have also increased as salaries were raised to reflect inflation.

(iv) Resources used in charitable activities: The three main activities have been segregated in terms of their costs in a similar manner to last year. Support costs have been allocated to the café. The balance of these costs is taken in "Other activities for the community". All direct costs have been attributed to the appropriate activity.

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NUMBER ONE COMMUNITY TRUST (TW) LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (Continued)

FOR THE YEAR ENDED 31 MARCH 2022

Safeguarding

NOCT supports our community and as a necessary part of that work, comes into daily contact with a wide range of vulnerable adults and children. All our staff and trustees are DBS checked to the highest level permitted, and there is regular training for all in contact with children and vulnerable adults. NOCT has Safeguarding Policy and Procedures - these were updated and recommitted to in Feb 2022.

There were three incidents over the year under consideration that involved concerns about people covered by Safeguarding - all of these were reported to the trustees promptly and where appropriate reported to the relevant external authorities. Efforts were made where appropriate to help those who needed advice about how to interact with people who are covered by Safeguarding, and additional training was provided to staff members who are most likely to observe interactions which may necessitate intervention. The trustees took further steps to help people interact in a healthy way which included imposing some temporary bans on use of the cafe.

The trustees understand these safeguarding matters are an important part of how they support our community and are satisfied all matters were handled in a timely and appropriate manner.

Structure, Governance and Management

A major change took place when our long serving Centre Manager, Melissa James, moved on to take up a more senior opportunity elsewhere in July. Following a recruitment exercise, the Trustees appointed two staff to take her place, each working slightly shorter hours - one responsible for centre administration and one for community relations and outreach. One of the two managers has since moved on and we have again consolidated the two roles. The team led a review, improvement and re-launch of the website in several phases, which is still ongoing. The internal IT and telephone systems were also upgraded. In compliance with Charity Commission guidance, the Chair led a review and refresh of our safeguarding policies and trustees were required to renew their DBS checks where applicable. At the AGM in November 2021, the longest serving trustee, Maureen Redman, who had recently retired, was honoured for her varied contributions to the work of the Trust over many years.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Rev Dr P T Sanlon (Chair) Mr S P Anderson (Deputy Chair) Mr C Woodward Mr C Hall Mr K R Davies (Company Secretary) Ms T J Walton Mr K M Hurst (resigned 17/10/22) Mr P Pearce Ms M J Taylor (re-appointed February 2022) Mr R Horan (appointed 18/7/22) M Redman (resigned 25/11/21) Prof T Clarkson (resigned 30/7/21)

The Trustee's report was approved by the Board of Trustees

Mr KR Davies Trustee Dated: 20th March 2023

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NUMBER ONE COMMUNITY TRUST (TW) LTD

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2022

The trustees, who are also the directors of Number One Community Trust (TW) Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (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 trust and of the incoming resources and application of resources, including the income and expensiture, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the trust 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 charity and financial information included on the trust's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements differ from legislation in other jurisdictions.

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NUMBER ONE COMMUNITY TRUST (TW) LTD

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF NUMBER ONE COMMUNITY TRUST (TW) LTD

I report to the trustees on my examination of the financial statements of Number One Community Trust (TW) Ltd (the trust) for the year ended 31 March 2022.

Responsibilities and basis of report

The the trustees of the trust (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act)

Having satisfied myself that the financial statements of the trust 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 trust's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiners 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 that in any material respect:

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 financial statements to be reached.

JP van der Merwe ACA For and on behalf of Foot Davson Ltd Chartered Accountants

Lonsdale Gate Lonsdale Gardens Tunbridge Wells Kent TN1 1NU

Dated: 03/04/2023

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NUMBER ONE COMMUNITY TRUST (TW) LTD

STATEMENT OF FINANCIAL ACTIVITIES

INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Income and endowments from:
Notes
Donations and grants
2
Charitable Activities
3
Other trading activities
4
Other income
5
Total Income
Expenditure on:
Charitable activities
Provision of community café
6
Pre-School Nursery
6
Other activities for the community
6
Showfields Hall
6
Total Charitable Expenditure
Net income/(expenditure) for the year/
Net movement in funds
Fund balances at 1 April 2021
Fund balances at 31 March 2022		 Unrestricted
funds
£
12,297
58,247
-
52
70,596
52,162
2,858
51,643
36,965
143,628
(73,032)
138,172
65,140		 Restricted
funds
£
76,320
-
-
-
76,320
1,639
4,303
10,996
966
17,904
58,416
266,388
324,804		 Total
2022
£
88,617
58,247
-
52
146,916
53,801
7,161
62,639
37,931
161,532
(14,616)
404,560
389,944		 Total
2021
£
99,304
34,978
9,749
182
144,213
35,099
11,439
33,217
29,294
109,049
35,164
369,396
404,560

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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NUMBER ONE COMMUNITY TRUST (TW) LTD

BALANCE SHEET

AS AT 31 MARCH 2022

Fixed Assets
Notes
Tangible Assets
9
Investments
10
Current Assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
12
one year
Net Current Assets
Total assets less current liabilities
Income funds
15
Restricted funds
Unrestricted funds		 £
54,071
75,385
129,456
(4,938)		 2022
£
£
265,425
1
265,426
35,744
105,641
141,385
(3,424)
124,518
389,944
324,804
65,140
389,944		 2021
£
266,598
1
266,599
137,961
404,560
266,388
138,172
404,560

The company is entitled to exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 20th March 2023.

Mr KR Davies Trustee

Rev Dr PT Sanlon Trustee

Company Registration Number: 04337821

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NUMBER ONE COMMUNITY TRUST (TW) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Number One Commmunity Trust (TW) Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 1 Rowan Tree Road, Tunbridge Wells, Kent. TN2 5PX.

The members of the company are the Trustees named in the Legal and Administrative Information. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

1.1 Accounting convention

The financial statements have been prepared in accordance with the trust's governing document, the Companies Act 2006 and "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)" (as amended for accounting periods commencing from 1 January 2016). The trust is a Public Benefit Entity as defined by FRS 102.

The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cashflows

The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Interest of funds held on deposit is included when receivable and the amount can be measured reliably. This is normally upon notification of the interest paid or payable by the bank.

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NUMBER ONE COMMUNITY TRUST (TW) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(continued)

1.5 Resources expended

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount anticipated to be paid to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent and depreciation charges allocated on the portion of the asset's use.

All expenditure is inclusive of irrecoverable VAT.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measure at cost or valuation, net of depreciation and any impairment losses.

The trust has elected not to capitalise any fixed assets with a cost of less than £500, but instead to recognise these in expenditure for the year.

Depreciationn is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

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||| |---|---| |Freehold property|2% per annum| |Kitchen equipment|20% per annum| |Showfields Hall improvements|33% per annum| |Showfields Hall equipment|20% per annum| |Office Equipment|25% per annum| |Website Costs|33% per annum|

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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities, incorporating the income and expenditure account.

1.7 Fixed asset investments

A subsidiary is an entity controlled by the trust. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

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NUMBER ONE COMMUNITY TRUST (TW) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

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1 Accounting policies (continued)
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term
liquid investments with original maturities of three months or less, and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilities.
1.9 Employee benefits
The cost of any unused holiday entitlement is recongnised in the perid in which the employee's
services are received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they
fall due.
2 Donations & grants 2022 2021
£ £
Donations and gifts 5,570 5,208
Grants 83,047 94,096
88,617 99,304
Grants receivable for core activities
Tunbridge Wells Borough Council 4,000 8,000
Local Authority coronavirus support grants 42,984 61,723
Coronavirus Job Retention Scheme 4,002 24,373
-
Other grants received 32,061
83,047 94,096
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NUMBER ONE COMMUNITY TRUST (TW) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

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3 Charitable Activities
Other
Provision of activities for
community Pre-school the Showfields
café Nursery community Hall Total 2022 Total 2021
£ £ £ £ £ £
Income from charitable 29,263 105 2,463 26,416 58,247 34,978
activities
Analysis by fund
Unrestricted funds 29,263 105 2,463 26,416 58,247
Restricted funds - - - - -
29,263 105 2,463 26,416 58,247
For the year ended 31 March 2021
Unrestricted funds 5577 - 13,219 6,462 25,258
Restricted funds 0 9,720 - - 9,720
5,577 9,720 13,219 6,462 34,978
4 Other trading activities
2022 2021
£ £
-
Trading income subsidiary 9,749
(not received as at year end)
5 Other Income
2022 2021
£ £
Social committee income - 130
Peppercorn rent charged to subsidiary 52 52
52 182
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NUMBER ONE COMMUNITY TRUST (TW) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

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6 Charitable Activities
Other
Provision of activities for
community Pre-school the Showfields
café Nursery community Hall Total 2022 Total 2021
£ £ £ £ £ £
Staff costs 29,828 95 26,189 26,201 82,313 56,385
Depreciation and 1,039 - 8,533 966 10,538 10,368
- - - - - -
impairment
Stock Purchases 14,551 565 1,334 - 16,450 3,522
Equipment and direct 1,001 - - 90 1,091 500
expenses - - - - - -
Rent - - - 6,321 6,321 5,875
Rates and water 165 103 1,742 40 2,050 4,052
Gas and electricity 3,842 2,367 5,527 1,724 13,460 4,891
Repairs and renewals 798 798 5,364 398 7,358 7,951
Insurance 238 238 2,866 357 3,699 3,580
Telephone and internet 347 347 521 521 1,736 527
Stationery, post and 12 - 724 - 736 3,120
- - - - - -
computer costs
Waste Services 646 645 968 968 3,227 -
Staff training 564 - 210 90 864 45
- - -
Independent examiner's / 4,640 4,640 3,000
- - - - - -
Accountancy fees
Legal and professional - - 784 - 784 2,292
fees - - - - - -
Project/Event expenses 600 1,833 2,463 - 4,896 -
Other admin costs 170 170 774 255 1,369 741
Community Engagement - - - - - 2200
53,801 7,161 62,639 37,931 161,532 109,049
Analysis by fund
Unrestricted funds 52,162 2,858 51,643 36,965 143,628
Restricted funds 1,639 4,303 10,996 966 17,904
53,801 7,161 62,639 37,931 161,532
For the year ended 31 March 2021
Unrestricted funds 34,286 1,719 24,892 28,064 88,961
Restricted funds 813 9,720 8,325 1,230 20,088
35,099 11,439 33,217 29,294 109,049
----- End of picture text -----

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8 Employees

NUMBER ONE COMMUNITY TRUST (TW) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.

Reimbursement was however made to Staff & Trustees for the amount of £798.63 for purchase of items for the Trust.

The average monthly number of employees during the year was:

Employment costs
Wages & Salaries
Other pension costs		 2022
2021
7
6
2022
2021
£
£
82,116
54,792
1,061
1,593
83,177
56,385

There were no employees whose annual remuneration was more than £60,000

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NUMBER ONE COMMUNITY TRUST (TW) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

9 Tangible fixed assets

Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation & impairment
At 1 April 2021
At 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021
Depreciation charged for the
year
Eliminated in respect of
disposals		 Freehold
property
£
395,033
-
-
395,033
133,238
7,900
-
141,138
253,895
261,796		 Kitchen
equipment
£
33,651
5,082
-
38,733
31,061
1,039
-
32,100
6,633
2,590		 Showfields
Improve-
ments
£
18,137
-
-
18,137
18,137
-
-
18,137
-
-		 Showfields
Hall equip
£
7,907
-
7,907
5,977
966
-
6,943
964
1,930		 Office
Equipment
£
1,701
783
-
2,484
1,419
365
-
1,784
700
282		 Website
Costs
Total
£
£
-
456,429
3,500
9,365
-
3,500
465,794
-
189,832
267
10,537
-
-
-
267
200,369
3,233
265,425
-
266,598

The Trust's freehold properties comprise the Community Centre, Library and two of the flats above, which were transferred to the Trust by Tunbridge Wells Borough Council and Kent County council respectively, on 30 September 2003 for a consideration of £1. The cost of additions to freehold property at that time included legal and professional fees relating to the transfer of the property.

The terms of the transfers require the properties to revert to the Councils if the Trust is dissolved.

There is a legal charge over the freehold property in favour of the Community Fund in respect of their grant.

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NUMBER ONE COMMUNITY TRUST (TW) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

10 Fixed asset investments

Fixed asset investments
Cost or valuation
At 1 April 2021 & 31 March 22
Carrying Amount
At 31 March 22
At 31 March 21
2022
Other investments comprise:
£
Investments in subsidiaries
1		 Other
Investments
£
1
1
1
2021
£
1

The subsidiary company is Number One Residential Limited and is 100% owned by the Trust. The subsidiary made a profit for the year to 31 March 2022 of £20,832 (2021: loss £23,436). The subsidiary gifts any profit made to Number One Community Trust (TW) Ltd. The aggregate share capital and reserves of the subsidiary at the 31 March 2022 £(2,603) (2021: (£23,435)).

11 Debtors: amounts falling due within one year:

Trade debtors
Amounts owed by subsidiary undertakings
Other debtors
Prepayments		 2022
2021
£
£
22,351
826
27,910
29,258
20
20
3,790
5,640
54,071
35,744

12 Creditors: amounts falling due within one year:

Notes
Trade Creditors
Other taxation and social security
Deferred income
Accruals		 2022
2021
£
£
5,149
(6,001)
424
-
-
5,790
3,000
4,938
3,424

-17-

NUMBER ONE COMMUNITY TRUST (TW) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

13 Deferred Income

Deferred Income
2022 2021
£ £
Arising from gifted profit from subsidiary - -

See Related party transactions, disclosure Note 17, for further detail.

14 Retirement benefit schemes

Defined contribution schemes

The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £1,062 (2021 - £1,593)

15 Restricted funds

Capital funds: Extension and refurbishment fund
TCHG Pre-school rent fund
TCHG Pre-school mentoring fund
TCHG Pre-School training fund
Kent Community Foundation
KCC Reconnect Grant
Omicron Grant
Pre-School Lease Utilities Contribution
Grants, Projects/Events		 Balance at 1
April 2021
£
263,638
-
800
1,950
-
-
-
-		 Incoming
resources
Resources
expended
Balance at 31
March 2022
£
£
£
3,825
(10,538)
256,925
-
-
-
-
0
800
-
0
1,950
6,000
0
6,000
1,000
0
1,000
5,334
0
5,334
1,050
(2,470)
(1,420)
59,111
(4,896)
54,215
Movement in funds
266,388 76,320
(17,904)
324,804

All of the capital restricted funds have been expended on the construction, fitting out and furnishing of the enlarged and refurbished premises.

The Town and Country Housing Group Pre-School rent fund is restricted and covers the rental costs of the pre-school

The Town and Country Housing Group Pre-school mentoring and training funds are restricted and relate to specific projects, some of which are yet to be undertaken.

The Kent Community Foundation and KCC Reconnect Grants were both post covid project and event grants.

The pre-school lease untilities contribution is relates directly to the electricity and gas consumed by the pre-school.

The Grants for projects/events were restricted funds received from various sources, the vast majority of which were covid related grants from Tunbridge Wells Borough Council. The remainder were small specific grants for events and projects run by the trust throughout the year.

-18-

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

17 Related party transactions

NUMBER ONE COMMUNITY TRUST (TW) LTD

15 Restricted Funds (continued)

The Trust also applied for and was granted an Omicron Hospitality and Leisure grant which supported businesses offering in-person services in the hotel, leisure and accommodation sectors to compensate them for reduced activity during the Omicron epidemic.

16

Analysis of net assets between funds

Fund balances at 31 March 2022 are
represented by:
Tangible assets
Investments
Current assets/(liabilities)		 Unrestricted
2022
£
265,425
1
124,518
389,944		 Restricted
2022
£
-
-
-		 Total 2022
Total 2021
£
£
265,425
266,598
1
1
124,518
137,961
389,944
404,560

Number One Residential Limited is a wholly owned subsidiary of the Trust. The subsidiary has not gifted it's profit for the year ended 31 March 2022 (2021: £Nil), to the Trust. These gifts were not made by the subsidiary to the charity until after the year end and there was no legal obligation for it to do so.

At the balance sheet date £27,910 (2021: £29,258) was due to the Trust from the subsidiary company and this amount is included in debtors.

-19-