WATH UPON DEARNE COMMUNITY PARTNERSHIP
REGISTERED IN ENGLAND AND WALES UNDER COMPANY NUMBER 3971694 REGISTERED CHARITY NUMBER 1093587
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
TINGLE ASHMORE LTD
CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS SHEFFIELD
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
INDEX
| Page | |
|---|---|
| Trustees' annual report | 1-3 |
| Independent examiner's report | 4 |
| Consolidated statement of financial activities and | |
| income and expenditure account | 5 |
| Consolidated and charity balance sheets | 6 |
| Principal accounting policies | 7-8 |
| Notes to the financial statements | 9-16 |
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
TRUSTEES' ANNUAL REPORT
The trustees present their annual report and the unaudited financial statements of the charity for the year ended 31st August 2020.
Objectives and activities
The principal activity of the charity continues to be to provide facilities to advance education in the arts for the benefit of the inhabitants of Wath Upon Dearne and surrounding areas. When planning the activities for the year the trustees considered the Charity Commission's guidance on public benefit.
Mission Statement
To work as a partnership towards improving the quality of life in our community.
Chairman's Report
The Partnership has been unable to hold any open meetings over the past year partly due to the COVID-19 pandemic. It has been a very challenging time for both the Partnership and, indeed, Montgomery Hall.
Montgomery Hall continues to be the trading arm of the Partnership and until the pandemic struck its bookings diary was full. The Hall had to close its doors to our community in March 2020 but this didn’t hold back the amazing staff at the Hall, who took on the challenge of providing free food deliveries for those in our community and surrounding areas who were vulnerable and shielding. It was a mammoth task but the staff rose to the challenge and are still maintaining the service but on a much smaller scale. It sought funding to allow the Hall to remain open and also to purchase the food it required. This funding was secured from South Yorkshire Community Foundation, the National Lottery and West Riding Masons. Our local elected members contributed to the success of this mission in both finance and time.
The Wath Community Food Bank has now been taken under the umbrella of the Partnership and continues its weekly service administered by a small team of dedicated staff and volunteers.
In the first half of the financial year, the Hall was proud to host TDCI Dance Championships and the success of this still attracted other festivals and dance shows. This success attracted people from the length and breadth of the UK. As a result of these events and its many visitors, it continued to improve the economic climate for other businesses in Wath and surrounding areas. The 2019 Pantomime was a roaring success with full houses for all 9 shows.
Prior to the COVIID-19 lockdown, Montgomery Hall was continuing with its improvement programme and had installed a new stage lighting system to enhance any event.
The Wath Events Team put on an excellent Christmas Festival in 2019 which was the most successful yet. It attracted funding to purchase new Christmas lights for the town square and thousands turned out to celebrate.
Page 1
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
TRUSTEES' ANNUAL REPORT
Financial review
The Statement of Financial Activities shows net income for the year of £11,501. Total funds amounted to £121,477 at 31st August 2020 of which £80,110 relates to restricted funds and £41,367 to unrestricted funds.
Principal funding sources
The principal funding source for the charity is it's trading subsidiary.
Reserves policy
The trustees are aware that funding needs to be increased to safeguard the future activities of the charity and are actively seeking additional sources of income, while striving for cost efficiencies.
Structure, governance and management
Governing document
The charity is constituted as a company limited by guarantee, incorporated on 13th April 2000 and registered as a charity on 29th August 2002. The company is therefore governed by its memorandum and articles of association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
Appointment of trustees
All directors of the company are also trustees of the charity. There are no other trustees. All the trustees named on the information page served for at least part of the year. One third of the trustees retire at the forthcoming Annual General Meeting but are eligible for re-appointment. The trustees may appoint a person as a trustee to fill a vacancy or to act as an additional trustee provided that the appointment does not cause the number of trustees to exceed 20.
Organisation
The charity is organised so that its Management Committee of trustees meets regularly to manage its affairs.
Risk Management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems are in place to mitigate the exposure to major risks.
Public benefit
The trustees consider that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission and that the detailed review of activities, set out above, demonstrates that the charity delivers public benefit.
| Reference and administrative | details |
|---|---|
| Charity number | 1093587 |
| Company number | 3971694 |
| Name and registered office | Wath Upon Dearne Community Partnership |
| Montgomery Hall, Church Street, Wath Upon Dearne, S63 7RD | |
| Accountants | Tingle Ashmore Ltd |
| Chartered Accountants and Statutory Auditors | |
| Enterprise House, Broadfield Court, Sheffield, S8 0XF |
Page 2
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
TRUSTEES' ANNUAL REPORT
Reference and administrative details (continued) Our advisors: Bankers HSBC Montgomery Road, Wath Upon Dearne, S63 7QW Directors and trustees Irene Hartley Alex Fleming Diana Hobson Susan Gyte Jane Elliott Lynn Cadman Alan Atkin Jacqueline Oliver Lesley Boughton Gary Burton Company secretary Lynn Cadman
Trustees' responsibilities
The trustees (who are also directors of Wath Upon Dearne Community Partnership for the purposes of company law) are responsible for preparing the Trustees' Annual 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for the year. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP 2015 (FRS 102);
-
make judgments and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006.
The Annual Report was approved by the trustees on 13th May 2021 and signed on their behalf by:
…………………………………………… Lynn Cadman
Page 3
WATH UPON DEARNE COMMUNITY PARTNERSHIP UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
WATH UPON DEARNE COMMUNITY PARTNERSHIP
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
I report to the charity trustees on my examination of the accounts of the company for the year ended 31st August 2020 which are set out on pages 5 to 16.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance 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 company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of 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.
…………………………………………… Dated : 17th May 2021 Brendan Ashmore ACA Tingle Ashmore Ltd Chartered Accountants & Registered Auditors Enterprise House Broadfield Court Sheffield S8 0XF
Page 4
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES AND
INCOME AND EXPENDITURE ACCOUNT
| Restricted | Unrestricted | Total funds | Total funds | ||
|---|---|---|---|---|---|
| funds | funds | 2020 | 2019 | ||
| Note | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and similar income | - | 3,577 | 3,577 | 60 | |
| Charitable activities: | |||||
| Grants receivable | 3 | 20,339 | - | 20,339 | 977 |
| Investment income: | |||||
| Interest receivable | - | 6 | 6 | 7 | |
| Other trading activities: | |||||
| Montgomery Hall Enterprises | 2 | - | 121,701 | 121,701 | 126,451 |
| Gala income | - | - | - | 29 | |
| ______ | _ | _ | _ | ||
| Total income | 20,339 | 125,284 | 145,623 | 127,524 | |
| ______ | _ | _ | _ | ||
| Expenditure on: | |||||
| Raising funds: | |||||
| Montgomery Hall Enterprises | 2 | 14,381 | 95,731 | 110,112 | 126,545 |
| ______ | ______ | _ | _ | ||
| Charitable activities | 4 | 17,608 | 6,402 | 24,010 | 13,491 |
| ______ | _____ | ______ | ______ | ||
| Total expenditure | 31,989 | 102,133 | 134,122 | 140,036 | |
| ______ | _ | _ | _ | ||
| Net income/(expenditure) for | |||||
| the year | 5 | (11,650) | 23,151 | 11,501 | (12,512) |
| Total funds brought forward | 91,760 | 18,216 | 109,976 | 122,488 | |
| ______ | ______ | _ | _ | ||
| Total funds carried forward | £80,110 | £41,367 | £121,477 | £109,976 | |
| __ ____ |
__ ____ |
_ _ |
_ _ |
Page 5
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
CONSOLIDATED AND CHARITY BALANCE SHEETS
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | ||
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 7 | 101,787 | 114,325 | 70,143 | 79,416 |
| Investment | 8 | - | - | 1 | 1 |
| _ | _ | ______ | ______ | ||
| 101,787 | 114,325 | 70,144 | 79,417 | ||
| _ | _ | ______ | ______ | ||
| Current assets | |||||
| Stock | - | 3,897 | - | - | |
| Debtors | 9 | 1,045 | 2,361 | - | - |
| Cash at bank and on hand | 38,962 | 11,448 | 4,510 | 4,065 | |
| ______ | ______ | _____ | _____ | ||
| 40,007 | 17,706 | 4,510 | 4,065 | ||
| Creditors - amounts falling due | |||||
| within one year | 10 | 8,798 | 8,883 | 1,496 | 949 |
| ______ | ______ | _____ | _____ | ||
| Net current assets | 31,209 | 8,823 | 3,014 | 3,116 | |
| ______ | ______ | _____ | _____ | ||
| Total assets less current liabilities | 132,996 | 123,148 | 73,158 | 82,533 | |
| Creditors - amounts falling due | |||||
| after more than one year | 11 | 11,519 | 13,172 | - | - |
| _ | _ | ______ | ______ | ||
| Net assets | £121,477 | £109,976 | £73,158 | £82,533 | |
| _ | _ | ______ | ______ | ||
| _ | _ | ______ | ______ | ||
| Funds | |||||
| Unrestricted funds | |||||
| General funds | 12 | 41,231 | 18,063 | 427 | 3,116 |
| Designated funds | 12 | 136 | 153 | 137 | 154 |
| ______ | ______ | ___ | _____ | ||
| 41,367 | 18,216 | 564 | 3,270 | ||
| Restricted funds | 12 | 80,110 | 91,760 | 72,594 | 79,263 |
| _ | _ | ______ | ______ | ||
| Total group and charity funds | 13 | £121,477 | £109,976 | £73,158 | £82,533 |
| _ _ |
_ _ |
__ ____ |
__ ____ |
For the year ended 31st August 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the period in question in accordance with section 476;
-
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements were approved and authorised for issue by the Board on 13th May 2021 and signed on their behalf by
……………………………….
Irene Hartley
………………………………. Lynn Cadman
Company number : 3971694
Page 6
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
PRINCIPAL ACCOUNTING POLICIES
These financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1st January 2015 - Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The charity has taken advantage of the disclosure exemption from the requirement to prepare a cash flow statement, as permitted by the Charity SORP (FRS 102).
Wath Upon Dearne Community Partnership meets the definition of a public benefit entity under FRS 102.
The following is a summary of the more important accounting policies used by the charity.
Group financial statements
These financial statements consolidate the results of the charity and its wholly owned subsidiary Montgomery Hall Enterprises Limited on a line by line basis. A separate statement of financial activities and income and expenditure account is not presented for the charity itself following the exemptions afforded by Section 408 of the Companies Act 2006.
Donations and similar income
Donations, gifts and similar incoming resources are included in the year in which they are receivable, which is when the charity becomes entitled to the resource.
Grants receivable
Grants in respect of revenue items are written off to the income and expenditure account in the period to which they relate. Grants in respect of specific projects are credited to a restricted fund, against which relevant expenditure is charged.
Grants are not recognised as receivable until all conditions for receipt have been met. Where donor imposed restrictions apply to the timing of the related expenditure, as a pre-condition for its use, the grant is treated as deferred income until those restrictions are met.
Grants relating to fixed assets are credited to a restricted fund on the income and expenditure account from which amounts are released to revenue over the shorter of the depreciation period of the relevant assets or the term of the project.
Income from other trading activities
Gala income is credited to the period in which the income is receivable.
Expenditure
Expenditure is recognised when a liability is incurred.
-
●Charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
-
●Governance costs include those costs incurred in meeting the constitutional and statutory requirements of the charity.
-
●Costs of raising funds include the direct and administrative costs of the wholly owned subsidiary Montgomery Hall Enterprises Limited.
Page 7
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
PRINCIPAL ACCOUNTING POLICIES
Value added tax
The charity is not registered for VAT. In these financial statements, expenditure is shown inclusive of VAT, where appropriate
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.
Depreciation is calculated to write down the cost of the fixed assets over their expected useful lives on the straight line basis. The rates used are as follows:-
Property improvements 5% Fixtures and fittings 10% Office equipment 25%
Debtors
Trade and other debtors are recognised at the settlement amount due after any discount offered.
Creditors
Creditors are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Fund accounting
Funds held by the charity are either:-
-
●Unrestricted funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
-
●Designated funds - these have been set up to identify those unrestricted funds that are represented by the investment in the trading subsidiary company and the use of the charity's own funds in capital projects.
-
●Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity.
Page 8
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
NOTES TO THE FINANCIAL STATEMENTS
- 1 Financial activities of the charity
The financial activities shown in the consolidated statement include those of the charity's wholly owned subsidiary Montgomery Hall Enterprises Limited.
A summary of the financial activities undertaken by the charity is set out below:
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Total incoming resources | 24,035 | 2,040 |
| Charitable activities | (24,010) | (13,491) |
| Grants to subsidiary undertaking | (9,400) | (977) |
| ______ | ______ | |
| Net outgoing resources | (9,375) | (12,428) |
| Total funds brought forward | 82,533 | 94,961 |
| ______ | ______ | |
| Total funds carried forward | £73,158 | £82,533 |
| ______ | ______ | |
| ______ | ______ | |
| Represented by: | ||
| Unrestricted income funds | 564 | 3,270 |
| Restricted income funds | 72,594 | 79,263 |
| ______ | ______ | |
| Total funds carried forward | £73,158 | £82,533 |
| __ ____ |
__ ____ |
Page 9
WATH UPON DEARNE COMMUNITY PARTNERSHIP UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
NOTES TO THE FINANCIAL STATEMENTS
2 Montgomery Hall Enterprises Limited
The charity owns the entire issued share capital of 1 ordinary share of £1 of Montgomery Hall Enterprises Limited, a company incorporated in England and Wales whose principal activity is the provision of facilities for theatrical and artistic operations and general office rental.
A summary of the results of the subsidiary company for the year ended 31st August 2020 is shown below:
| A summary of the results of the subsidiary company for the year shown below: |
ended 31st August 2020 is | |
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Sales and hire charges | 78,226 | 118,896 |
| Cost of sales | (42,883) | (46,510) |
| ______ | _ | |
| Gross profit | 35,343 | 72,386 |
| Grant income | 42,101 | 4,553 |
| Grants from parent charity | 10,754 | 2,556 |
| Miscellaneous income | 1,374 | 2 |
| Administrative expenditure | (67,229) | (80,035) |
| Donation to parent charity | (113) | (307) |
| ______ | ______ | |
| Operating profit/(loss) | 22,230 | (845) |
| Corporation tax | - | - |
| ______ | _____ | |
| Profit/(loss) for the financial year | 22,230 | (845) |
| Gift aid transfer to the parent charity | - | (660) |
| ______ | _____ | |
| Transfer to profit and loss reserves for the year | £22,230 | £(1,505) |
| ______ | _____ | |
| ______ | _____ | |
| The assets and liabilities of the subsidiary were: | ||
| Fixed assets | 31,644 | 34,909 |
| Current assets | 35,497 | 13,641 |
| Current liabilities | (8,317) | (9,288) |
| Long term liabilities | (14,564) | (17,232) |
| ______ | ______ | |
| Total net assets | £44,260 | £22,030 |
| ______ | ______ | |
| ______ | ______ | |
| Aggregate share capital and reserves | £44,260 | £22,030 |
| __ ____ |
__ ____ |
Page 10
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
NOTES TO THE FINANCIAL STATEMENTS
| Restricted | Unrestricted | Total funds | Total funds | ||
|---|---|---|---|---|---|
| funds | funds | 2020 | 2019 | ||
| £ | £ | £ | £ | ||
| 3 | Grants receivable | ||||
| National Lottery | 10,000 | - | 10,000 | - | |
| South Yorkshire Community Foundation | 5,000 | - | 5,000 | - | |
| Masons | 4,000 | - | 4,000 | - | |
| Councillor's Leadership Fund | 900 | - | 900 | 977 | |
| Rotherham MBC | 439 | - | 439 | - | |
| ______ | ___ | ______ | ___ | ||
| £20,339 | £- | £20,339 | £977 | ||
| ______ | ___ | ______ | ___ | ||
| ______ | ___ | ______ | ___ | ||
| 4 | Charitable activities | ||||
| Food bank | 8,352 | 5,616 | 13,968 | - | |
| Fund transferred to the Events Team | - | - | - | 3,543 | |
| Sundry expenses | - | 109 | 109 | - | |
| Bank charges | - | - | - | 15 | |
| Depreciation | 9,256 | 17 | 9,273 | 9,273 | |
| Governance costs: | |||||
| Accountancy | - | 660 | 660 | 660 | |
| ______ | _____ | ______ | ______ | ||
| £17,608 | £6,402 | £24,010 | £13,491 | ||
| ______ | _____ | ______ | ______ | ||
| ______ | _____ | ______ | ______ | ||
| Group | Group | Charity | Charity | ||
| 2020 | 2019 | 2020 | 2019 | ||
| £ | £ | £ | £ | ||
| 5 | Net income/(expenditure) for the year | ||||
| This is stated after charging: | |||||
| Depreciation | 16,495 | 17,538 | 9,273 | 9,273 | |
| Accountancy | |||||
| - Charity | 660 | 660 | 660 | 660 | |
| - Montgomery Hall Enterprises Limited | 1,064 | 1,064 | - | - | |
| ______ | ______ | _____ | _____ | ||
| ______ | ______ | _____ | _____ | ||
| 6 | Analysis of staff costs, trustee remuneration | ||||
| and expenses, and the cost of key | |||||
| management personnel | |||||
| Salaries and wages | 40,600 | 41,311 | - | - | |
| Employer pension contributions | 561 | 485 | - | - | |
| __ ____ |
__ ____ |
The charity had no employees during either year.
The average monthly number of employees, including directors, of Montgomery Hall Enterprises during the year was 10 (2019 - 10).
No remuneration was paid to trustees during either year. No expenses were reimbursed to trustees during either year.
Page 11
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
NOTES TO THE FINANCIAL STATEMENTS
7 Tangible assets
| Group | ||||
|---|---|---|---|---|
| Property | Fixtures | Office | Total | |
| improvements | and fittings | equipment | ||
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1st September 2019 | 196,798 | 168,682 | 21,070 | 386,550 |
| Additions | - | 3,957 | - | 3,957 |
| _ | _ | ______ | _ | |
| As at 31st August 2020 | 196,798 | 172,639 | 21,070 | 390,507 |
| _ | _ | ______ | _ | |
| Depreciation | ||||
| As at 1st September 2019 | 106,826 | 144,329 | 21,070 | 272,225 |
| Charge for the year | 9,407 | 7,088 | - | 16,495 |
| _ | _ | ______ | _ | |
| As at 31st August 2020 | 116,233 | 151,417 | 21,070 | 288,720 |
| _ | _ | ______ | _ | |
| Net book value | ||||
| As at 31st August 2020 | £80,565 | £21,222 | £- | £101,787 |
| ______ | ______ | ___ | _ | |
| ______ | ______ | ___ | _ | |
| Charity | ||||
| Property | Fixtures | Office | Total | |
| improvements | and fittings | equipment | ||
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1st September 2019 and at | ||||
| at 31st August 2020 | 185,439 | 88,223 | 17,468 | 291,130 |
| _ | ______ | ______ | _ | |
| Depreciation | ||||
| As at 1st September 2019 | 106,023 | 88,223 | 17,468 | 211,714 |
| Charge for the year | 9,273 | - | - | 9,273 |
| _ | ______ | ______ | _ | |
| As at 31st August 2020 | 115,296 | 88,223 | 17,468 | 220,987 |
| _ | ______ | ______ | _ | |
| Net book value | ||||
| As at 31st August 2020 | £70,143 | £- | £- | £70,143 |
| __ ____ |
__ ____ |
Page 12
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
NOTES TO THE FINANCIAL STATEMENTS
| 2020 | 2019 | ||
|---|---|---|---|
| 8 | Investment | ||
| Unquoted shares at cost | £1 | £1 | |
The shares represent the whole of the issued share capital of Montgomery Hall Enterprises Limited, the charity's trading subsidiary.
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | ||
| £ | £ | £ | £ | ||
| 9 | Debtors | ||||
| Trade debtors | - | 980 | - | - | |
| Prepayments and accrued income | 1,045 | 1,381 | - | - | |
| _____ | _____ | ___ | ___ | ||
| £1,045 | £2,361 | £- | £- | ||
| _____ | _____ | ___ | ___ | ||
| _____ | _____ | ___ | ___ | ||
| 10 | Creditors - amounts falling due | ||||
| within one year | |||||
| Trade creditors | 4,405 | 3,311 | 836 | 289 | |
| Other taxation and social security | 258 | 547 | - | - | |
| Accruals and deferred income | 4,135 | 5,025 | 660 | 660 | |
| _____ | _____ | _____ | ___ | ||
| £8,798 | £8,883 | £1,496 | £949 | ||
| _____ | _____ | _____ | ___ | ||
| _____ | _____ | _____ | ___ | ||
| 11 | Creditors - amounts falling due | ||||
| after more than one year | |||||
| Accruals and deferred income | £11,519 | £13,172 | £- | £- | |
| __ ____ |
__ ____ |
Page 13
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
NOTES TO THE FINANCIAL STATEMENTS
| 12 | Movement in group funds | ||||
|---|---|---|---|---|---|
| Balance at | Movement in resources | Balance at | |||
| 1st Sept | Incoming | Outgoing | 31st Aug | ||
| 2019 | 2020 | ||||
| £ | £ | £ | £ | ||
| Unrestricted funds: | |||||
| General funds | 18,063 | 125,284 | (102,116) | 41,231 | |
| Designated funds | 153 | - | (17) | 136 | |
| ______ | _ | _ | ______ | ||
| 18,216 | 125,284 | (102,133) | 41,367 | ||
| ______ | _ | _ | ______ | ||
| Restricted funds: | |||||
| Coalfields Regeneration Trust | 79,263 | - | (9,256) | 70,007 | |
| National Lottery | - | 10,000 | (7,413) | 2,587 | |
| South Yorkshire Community Foundation | - | 5,000 | (5,000) | - | |
| Masons | - | 4,000 | (4,000) | - | |
| Rotherham MBC | - | 439 | (439) | - | |
| Councillor's Leadership Fund | - | 900 | (900) | - | |
| Fixed assets | 12,497 | - | (4,981) | 7,516 | |
| ______ | ______ | ______ | ______ | ||
| 91,760 | 20,339 | (31,989) | 80,110 | ||
| ______ | ______ | ______ | ______ | ||
| Total funds | £109,976 | £145,623 | £(134,122) | £121,477 | |
| _ _ |
_ _ |
_ _ |
_ _ |
Purpose of restricted funds:
Coalfield Regeneration Trust - balance of grants used for internal alterations to the Hall for office accommodation, installation of a stairlift and air conditioning together with renewing the heating and upgrading the toilet facilities.
Fixed assets - net book value of assets purchased by the subsidiary trading company using grants.
The other restricted grants are funding towards the costs of the food bank, volunteer expenses and upkeep of Montgomery Hall.
The designated fund represents the net book value of expenditure on the charity's capital assets from its own reserves.
Page 14
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
NOTES TO THE FINANCIAL STATEMENTS
12 Movement in group funds (continued)
| Prior year comparison: | |||||
|---|---|---|---|---|---|
| Balance at | Movement | in resources | Transfers | Balance at | |
| 1st Sept | Incoming | Outgoing | 31st Aug | ||
| 2018 | 2019 | ||||
| £ | £ | £ | £ | £ | |
| Unrestricted funds: | |||||
| General funds | 26,806 | 121,870 | (130,613) | - | 18,063 |
| Designated funds | 170 | - | (17) | - | 153 |
| ______ | _ | _ | ___ | ______ | |
| 26,976 | 121,870 | (130,630) | - | 18,216 | |
| ______ | _ | _ | ___ | ______ | |
| Restricted funds: | |||||
| Coalfields Regeneration Trust | 88,519 | - | (9,256) | - | 79,263 |
| Rotherham MBC | 972 | - | - | (972) | - |
| Councillor's Leadership Fund | - | 977 | (977) | - | - |
| Fixed assets | 6,021 | 4,677 | 827 | 972 | 12,497 |
| ______ | _____ | _____ | ___ | ______ | |
| 95,512 | 5,654 | (9,406) | - | 91,760 | |
| ______ | _____ | _____ | ___ | ______ | |
| Total funds | £122,488 | £127,524 | £(140,036) | £- | £109,976 |
| _ | _ | _ | ___ | _ | |
| _ | _ | _ | ___ | _ | |
| Analysis of group net assets between funds | |||||
| General | Designated | Restricted | Total | ||
| funds | funds | funds | funds | ||
| £ | £ | £ | £ | ||
| Fund balances at 31st August | 2020 are | ||||
| represented by: | |||||
| Fixed assets | 24,128 | 136 | 77,523 | 101,787 | |
| Net current assets | 28,622 | - | 2,587 | 31,209 | |
| Less long term liabilities | (11,519) | - | - | (11,519) | |
| ______ | ___ | ______ | _ | ||
| Net assets | £41,231 | £136 | £80,110 | £121,477 | |
| ______ | ___ | ______ | _ | ||
| ______ | ___ | ______ | _ | ||
| Prior year comparison | |||||
| Fund balances at 31st August | 2019 were | ||||
| represented by: | |||||
| Fixed assets | 34,909 | 153 | 79,263 | 114,325 | |
| Net current assets | (3,674) | - | 12,497 | 8,823 | |
| Less long term liabilities | (13,172) | - | - | (13,172) | |
| ______ | ___ | ______ | _ | ||
| Net assets | £18,063 | £153 | £91,760 | £109,976 | |
| __ ____ |
__ ____ |
_ _ |
13 Analysis of group net assets between funds
Page 15
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2020
NOTES TO THE FINANCIAL STATEMENTS
14 A detailed breakdown of the 2019 consolidated statement of financial activities between unrestricted and restricted funds is as follows:
| and restricted funds is as follows: | |||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| £ | £ | £ | |
| Income from: | |||
| Donations and similar income | - | 60 | 60 |
| Charitable activities: | |||
| Grants receivable | 977 | - | 977 |
| Investment income: | |||
| Interest receivable | - | 7 | 7 |
| Other trading activities | |||
| Montgomery Hall Enterprises | 4,677 | 121,774 | 126,451 |
| Gala income | - | 29 | 29 |
| _____ | _ | _ | |
| Total income | 5,654 | 121,870 | 127,524 |
| _____ | _ | _ | |
| Expenditure on: | |||
| Raising funds | |||
| Montgomery Hall Enterprises | 150 | 126,395 | 126,545 |
| Charitable activities | 9,256 | 4,235 | 13,491 |
| _____ | _ | _ | |
| Total expenditure | 9,406 | 130,630 | 140,036 |
| _____ | _ | _ | |
| Net expenditure for the year | £(3,752) | £(8,760) | £(12,512) |
| _ ___ |
_ ___ |
__ ____ |
Page 16