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 2022
TINGLE ASHMORE LTD
CHARTERED ACCOUNTANTS SHEFFIELD
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2022
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 2022
TRUSTEES' ANNUAL REPORT
The trustees present their annual report and the unaudited financial statements of the charity for the year ended 31st August 2022.
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
Montgomery Hall continues to be the trading arm of the Partnership. The hall opened its doors again to the public at the beginning of October 2021 and has begun to thrive again, with bookings for a range of events such as Musical Theatre, Dance Shows, Comedy and Dance Festivals, as well as private functions.
The events held at the hall continue to contribute greatly to our local community at large, due to the influx of visitors from far and wide who use local shops and pubs.
Again, our local council continued to be a great support helping the hall to purchase capital equipment, as well as funding for improvements to the wider range of facilities in the venue.
Financial review
The Statement of Financial Activities shows net expenditure for the year of £30,868. Total funds amounted to £90,909 at 31st August 2022 of which £58,335 relates to restricted funds and £32,574 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.
Page 1
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2022
TRUSTEES' ANNUAL REPORT
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 Enterprise House, Broadfield Court, Sheffield, S8 0XF Our advisors: Bankers HSBC Montgomery Road, Wath Upon Dearne, S63 7QW Directors and trustees Irene Hartley Alex Fleming Jane Elliott Lynn Cadman Alan Atkin Lesley Boughton Gary Burton Sheila Cowen - appointed December 2021 Gregory Kuczmaida - appointed December 2021 David Jackson - appointed February 2023 Susan Gyte - resigned January 2023 Diana Hobson - resigned May 2022 Jacqueline Oliver - resigned April 2022 Company secretary Lynn Cadman
Page 2
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
TRUSTEES' ANNUAL REPORT
31ST AUGUST 2022
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. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. 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 2019 (FRS 102);
-
make judgments and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company 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 3rd May 2023 and signed on their behalf by:
…………………………………………… Lynn Cadman
Page 3
WATH UPON DEARNE COMMUNITY PARTNERSHIP UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2022
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 2022 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.
…………………………………………… Brendan Ashmore ACA Tingle Ashmore Ltd Chartered Accountants Enterprise House Broadfield Court Sheffield S8 0XF
Dated : 4th May 2023
Page 4
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2022
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES AND
INCOME AND EXPENDITURE ACCOUNT
| Restricted | Unrestricted | Total funds | Total funds | ||
|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | ||
| Note | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and similar income | - | 1,110 | 1,110 | 2,985 | |
| Charitable activities: | |||||
| Grants receivable | 3 | 2,000 | - | 2,000 | 2,000 |
| Investment income: | |||||
| Interest receivable | - | 2 | 2 | - | |
| Other trading activities: | |||||
| Montgomery Hall Enterprises | 2 | 2,460 | 107,604 | 110,064 | 103,753 |
| _____ | _ | _ | _ | ||
| Total income | 4,460 | 108,716 | 113,176 | 108,738 | |
| _____ | _ | _ | _ | ||
| Expenditure on: | |||||
| Raising funds: | |||||
| Montgomery Hall Enterprises | 2 | 4,132 | 112,090 | 116,222 | 87,287 |
| _____ | _ | _ | ______ | ||
| Charitable activities | 4 | 11,256 | 16,566 | 27,822 | 21,151 |
| ______ | ______ | ______ | ______ | ||
| Total expenditure | 15,388 | 128,656 | 144,044 | 108,438 | |
| ______ | _ | _ | _ | ||
| Net (expenditure)/income for | |||||
| the year | 5 | (10,928) | (19,940) | (30,868) | 300 |
| Transfers between funds | 12 | 2,413 | (2,413) | - | - |
| ______ | ______ | ______ | ___ | ||
| Net movement in funds | (8,515) | (22,353) | (30,868) | 300 | |
| Total funds brought forward | 66,850 | 54,927 | 121,777 | 121,477 | |
| ______ | ______ | _ | _ | ||
| Total funds carried forward | £58,335 | £32,574 | £90,909 | £121,777 | |
| __ ____ |
__ ____ |
_ _ |
_ _ |
The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Page 5
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2022
CONSOLIDATED AND CHARITY BALANCE SHEETS
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 7 | 79,756 | 88,138 | 52,629 | 60,870 |
| Investment | 8 | - | - | 1 | 1 |
| ______ | ______ | ______ | ______ | ||
| 79,756 | 88,138 | 52,630 | 60,871 | ||
| ______ | ______ | ______ | ______ | ||
| Current assets | |||||
| Stock | 3,165 | 200 | - | - | |
| Debtors | 9 | 3,748 | 7,284 | 2,420 | 2,314 |
| Cash at bank and on hand | 22,850 | 47,810 | 12,035 | 17,412 | |
| ______ | ______ | ______ | ______ | ||
| 29,763 | 55,294 | 14,455 | 19,726 | ||
| Creditors - amounts falling due | |||||
| within one year | 10 | 7,967 | 11,398 | 757 | 1,559 |
| ______ | ______ | ______ | ______ | ||
| Net current assets | 21,796 | 43,896 | 13,698 | 18,167 | |
| ______ | ______ | ______ | ______ | ||
| Total assets less current liabilities | 101,552 | 132,034 | 66,328 | 79,038 | |
| Creditors - amounts falling due | |||||
| after more than one year | 11 | 10,643 | 10,257 | - | - |
| ______ | _ | ______ | ______ | ||
| Net assets | £90,909 | £121,777 | £66,328 | £79,038 | |
| ______ | _ | ______ | ______ | ||
| ______ | _ | ______ | ______ | ||
| Funds | |||||
| Unrestricted funds | |||||
| General funds | 12 | 31,440 | 54,808 | 13,699 | 18,167 |
| Designated funds | 12 | 1,134 | 119 | 1,134 | 120 |
| ______ | ______ | ______ | ______ | ||
| 32,574 | 54,927 | 14,833 | 18,287 | ||
| Restricted funds | 12 | 58,335 | 66,850 | 51,495 | 60,751 |
| ______ | _ | ______ | ______ | ||
| Total group and charity funds | 13 | £90,909 | £121,777 | £66,328 | £79,038 |
| __ ____ |
_ _ |
__ ____ |
__ ____ |
For the year ended 31st August 2022 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 3rd May 2023 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 2022
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 2022
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 2022
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:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Total incoming resources | 15,112 | 26,149 |
| Charitable activities | (27,822) | (20,269) |
| ______ | ______ | |
| Net (outgoing)/incoming resources | (12,710) | 5,880 |
| Total funds brought forward | 79,038 | 73,158 |
| ______ | ______ | |
| Total funds carried forward | £66,328 | £79,038 |
| ______ | ______ | |
| ______ | ______ | |
| Represented by: | ||
| Unrestricted income funds | 14,833 | 18,287 |
| Restricted income funds | 51,495 | 60,751 |
| ______ | ______ | |
| Total funds carried forward | £66,328 | £79,038 |
| __ ____ |
__ ____ |
Page 9
WATH UPON DEARNE COMMUNITY PARTNERSHIP UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2022
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 2022 is shown below:
| shown below: | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Sales and hire charges | 97,372 | 50,328 |
| Cost of sales | (47,328) | (21,402) |
| ______ | ______ | |
| Gross profit | 50,044 | 28,926 |
| Grant income | 10,319 | 52,039 |
| Grants from parent charity | 762 | 1,015 |
| Miscellaneous income | 2,373 | 1,386 |
| Administrative expenditure | (69,776) | (65,885) |
| Donation to parent charity | - | (873) |
| ______ | ______ | |
| Operating (loss)/profit | (6,278) | 16,608 |
| Corporation tax | 882 | (882) |
| ______ | ______ | |
| (Loss)/profit for the financial year | (5,396) | 15,726 |
| Gift aid transfer to the parent charity | (12,000) | (20,291) |
| ______ | ______ | |
| Transfer to profit and loss reserves for the year | £(17,396) | £(4,565) |
| ______ | ______ | |
| ______ | ______ | |
| The assets and liabilities of the subsidiary were: | ||
| Fixed assets | 27,127 | 27,268 |
| Current assets | 15,308 | 35,568 |
| Current liabilities | (7,781) | (10,601) |
| Long term liabilities | (12,355) | (12,540) |
| ______ | ______ | |
| Total net assets | £22,299 | £39,695 |
| ______ | ______ | |
| ______ | ______ | |
| Aggregate share capital and reserves | £22,299 | £39,695 |
| __ ____ |
__ ____ |
Page 10
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS
| Restricted | Unrestricted | Total funds | Total funds | ||
|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 3 | Grants receivable | ||||
| Groundwork UK | 1,000 | - | 1,000 | - | |
| Voluntary Action Rotherham | 1,000 | - | 1,000 | - | |
| Masons | - | - | - | 2,000 | |
| _____ | ___ | _____ | _____ | ||
| £2,000 | £- | £2,000 | £2,000 | ||
| _____ | ___ | _____ | _____ | ||
| _____ | ___ | _____ | _____ | ||
| 4 | Charitable activities | ||||
| Food bank | 2,000 | 11,397 | 13,397 | 9,422 | |
| Gardening | - | 560 | 560 | 450 | |
| Insurance | - | 2,798 | 2,798 | 463 | |
| Repairs | - | 490 | 490 | - | |
| Sundry expenses | - | 198 | 198 | 1 | |
| Bank charges | - | 42 | 42 | - | |
| Depreciation | 9,256 | 361 | 9,617 | 9,273 | |
| Governance costs: | |||||
| Accountancy | - | 720 | 720 | 660 | |
| ______ | ______ | ______ | ______ | ||
| £11,256 | £16,566 | £27,822 | £20,269 | ||
| ______ | ______ | ______ | ______ | ||
| ______ | ______ | ______ | ______ | ||
| Group | Group | Charity | Charity | ||
| 2022 | 2021 | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 5 | Net (expenditure)/income for the year | ||||
| This is stated after charging: | |||||
| Depreciation | 15,639 | 15,075 | 9,617 | 9,273 | |
| Accountancy | |||||
| - Charity | 720 | 660 | 720 | 660 | |
| - Montgomery Hall Enterprises Limited | 1,126 | 1,065 | - | - | |
| ______ | ______ | _____ | _____ | ||
| ______ | ______ | _____ | _____ | ||
| 6 | Analysis of staff costs, trustee remuneration | ||||
| and expenses, and the cost of key | |||||
| management personnel | |||||
| Salaries and wages | 44,128 | 45,996 | - | - | |
| Employer pension contributions | 604 | 613 | - | - | |
| __ ____ |
__ ____ |
The charity had no employees during either year.
The average monthly number of employees, including directors, of Montgomery Hall Enterprises Limited during the year was 9 (2021 - 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 2022
NOTES TO THE FINANCIAL STATEMENTS
7 Tangible assets
| Group | ||||
|---|---|---|---|---|
| Property | Fixtures | Office | Total | |
| improvements | and fittings | equipment | ||
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1st September 2021 | 196,798 | 174,065 | 21,070 | 391,933 |
| Additions | - | 5,231 | 2,026 | 7,257 |
| _ | _ | ______ | _ | |
| As at 31st August 2022 | 196,798 | 179,296 | 23,096 | 399,190 |
| _ | _ | ______ | _ | |
| Depreciation | ||||
| As at 1st September 2021 | 125,640 | 157,085 | 21,070 | 303,795 |
| Charge for the year | 9,407 | 5,563 | 669 | 15,639 |
| _ | _ | ______ | _ | |
| As at 31st August 2022 | 135,047 | 162,648 | 21,739 | 319,434 |
| _ | _ | ______ | _ | |
| Net book value | ||||
| As at 31st August 2022 | £61,751 | £16,648 | £1,357 | £79,756 |
| ______ | ______ | _____ | ______ | |
| ______ | ______ | _____ | ______ | |
| Charity | ||||
| Property | Fixtures | Office | Total | |
| improvements | and fittings | equipment | ||
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1st September 2021 | 185,439 | 88,223 | 17,468 | 291,130 |
| Additions | - | - | 1,376 | 1,376 |
| _ | ______ | ______ | _ | |
| As at 31st August 2022 | 185,439 | 88,223 | 18,844 | 292,506 |
| _ | ______ | ______ | _ | |
| Depreciation | ||||
| As at 1st September 2021 | 124,569 | 88,223 | 17,468 | 230,260 |
| Charge for the year | 9,273 | - | 344 | 9,617 |
| _ | ______ | ______ | _ | |
| As at 31st August 2022 | 133,842 | 88,223 | 17,812 | 239,877 |
| _ | ______ | ______ | _ | |
| Net book value | ||||
| As at 31st August 2022 | £51,597 | £- | £1,032 | £52,629 |
| __ ____ |
_ ___ |
__ ____ |
Page 12
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS
| 2022 | 2021 | ||
|---|---|---|---|
| 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 | ||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 9 | Debtors | ||||
| Trade debtors | - | 4,250 | - | - | |
| Corporation tax | 882 | - | - | - | |
| Prepayments and accrued income | 2,866 | 3,034 | 2,420 | 2,314 | |
| _____ | _____ | _____ | _____ | ||
| £3,748 | £7,284 | £2,420 | £2,314 | ||
| _____ | _____ | _____ | _____ | ||
| _____ | _____ | _____ | _____ | ||
| 10 | Creditors - amounts falling due | ||||
| within one year | |||||
| Trade creditors | 2,949 | 3,847 | 67 | 899 | |
| Corporation tax | - | 882 | - | - | |
| Other taxation and social security | 378 | 417 | - | - | |
| Other creditors | - | 736 | - | - | |
| Accruals and deferred income | 4,640 | 5,516 | 690 | 660 | |
| _____ | ______ | ___ | _____ | ||
| £7,967 | £11,398 | £757 | £1,559 | ||
| _____ | ______ | ___ | _____ | ||
| _____ | ______ | ___ | _____ | ||
| 11 | Creditors - amounts falling due | ||||
| after more than one year | |||||
| Accruals and deferred income | £10,643 | £10,257 | £- | £- | |
| __ ____ |
__ ____ |
Page 13
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS
| 12 | Movement in group funds | |||||
|---|---|---|---|---|---|---|
| Balance at | Movement in resources | Transfers | Balance at | |||
| 1st Sept | Incoming | Outgoing | 31st Aug | |||
| 2021 | 2022 | |||||
| £ | £ | £ | £ | £ | ||
| Unrestricted funds: | ||||||
| General funds | 54,808 | 108,716 | (128,295) | (3,789) | 31,440 | |
| Designated funds | 119 | - | (361) | 1,376 | 1,134 | |
| ______ | _ | _ | _____ | ______ | ||
| 54,927 | 108,716 | (128,656) | (2,413) | 32,574 | ||
| ______ | _ | _ | _____ | ______ | ||
| Restricted funds: | ||||||
| Coalfields Regeneration Trust | 60,751 | - | (9,256) | - | 51,495 | |
| Food Bank | - | 2,000 | (2,000) | - | - | |
| Rotherham MBC | - | 2,460 | (2,460) | - | - | |
| Fixed assets | 6,099 | - | (1,672) | 2,413 | 6,840 | |
| ______ | _____ | ______ | _____ | ______ | ||
| 66,850 | 4,460 | (15,388) | 2,413 | 58,335 | ||
| ______ | _____ | ______ | _____ | ______ | ||
| Total funds | £121,777 | £113,176 | £(144,044) | £- | £90,909 | |
| _ _ |
_ _ |
_ _ |
__ ____ |
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.
The transfer to designated funds relates to fixed asset additions purchased by the charity using its own reserves. The transfer to the restricted fixed asset fund is for assets purchased by Montgomery Hall Enterprises Limited funded by grants specifically for their purchase.
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WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS
12 Movement in group funds (continued)
| Prior year comparison: | |||||
|---|---|---|---|---|---|
| Balance at | Movement in resources | Balance at | |||
| 1st Sept | Incoming | Outgoing | 31st Aug | ||
| 2020 | 2021 | ||||
| £ | £ | £ | £ | ||
| Unrestricted funds: | |||||
| General funds | 41,231 | 102,595 | (89,018) | 54,808 | |
| Designated funds | 136 | - | (17) | 119 | |
| ______ | _ | _ | ______ | ||
| 41,367 | 102,595 | (89,035) | 54,927 | ||
| ______ | _ | _ | ______ | ||
| Restricted funds: | |||||
| Coalfields Regeneration Trust | 70,007 | - | (9,256) | 60,751 | |
| National Lottery | 2,587 | - | (2,587) | - | |
| Masons | - | 2,000 | (2,000) | - | |
| Rotherham MBC | - | 4,143 | (4,143) | - | |
| Fixed assets | 7,516 | - | (1,417) | 6,099 | |
| ______ | _____ | ______ | ______ | ||
| 80,110 | 6,143 | (19,403) | 66,850 | ||
| ______ | _____ | ______ | ______ | ||
| Total funds | £121,477 | £108,738 | £(108,438) | £121,777 | |
| _ | _ | _ | _ | ||
| _ | _ | _ | _ | ||
| 13 | Analysis of group net assets between funds | ||||
| General | Designated | Restricted | Total | ||
| funds | funds | funds | funds | ||
| £ | £ | £ | £ | ||
| Fund balances at 31st August 2022 are | |||||
| represented by: | |||||
| Fixed assets | 20,287 | 1,134 | 58,335 | 79,756 | |
| Net current assets | 21,796 | - | - | 21,796 | |
| Less long term liabilities | (10,643) | - | - | (10,643) | |
| ______ | _____ | ______ | ______ | ||
| Net assets | £31,440 | £1,134 | £58,335 | £90,909 | |
| ______ | _____ | ______ | ______ | ||
| ______ | _____ | ______ | ______ | ||
| Prior year comparison | |||||
| Fund balances at 31st August 2021 were | |||||
| represented by: | |||||
| Fixed assets | 21,169 | 119 | 66,850 | 88,138 | |
| Net current assets | 43,896 | - | - | 43,896 | |
| Less long term liabilities | (10,257) | - | - | (10,257) | |
| ______ | ___ | ______ | _ | ||
| Net assets | £54,808 | £119 | £66,850 | £121,777 | |
| __ ____ |
__ ____ |
_ _ |
Page 15
WATH UPON DEARNE COMMUNITY PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS
14 A detailed breakdown of the 2021 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 | - | 2,985 | 2,985 |
| Charitable activities: | |||
| Grants receivable | 2,000 | - | 2,000 |
| Other trading activities | |||
| Montgomery Hall Enterprises | 4,143 | 99,610 | 103,753 |
| _____ | _ | _ | |
| Total income | 6,143 | 102,595 | 108,738 |
| _____ | _ | _ | |
| Expenditure on: | |||
| Raising funds | |||
| Montgomery Hall Enterprises | 5,560 | 82,609 | 88,169 |
| Charitable activities | 13,843 | 6,426 | 20,269 |
| ______ | ______ | _ | |
| Total expenditure | 19,403 | 89,035 | 108,438 |
| ______ | ______ | _ | |
| Net (expenditure)/income for the year | £(13,260) | £13,560 | £300 |
| __ ____ |
__ ____ |
Page 16