THE WHALEY BRIDGE COMMUNITY TRUST
THE WHALEY BRIDGE COMMUNITY TRUST
(A company limited by guarantee)
## **Report & Financial Statements**
## **Period ended 31 March 2022**
_**Charity Number: 1094147**_ Company Number: 4372616
THE WHALEY BRIDGE COMMUNITY TRUST
|**Contents**|**Page**|
|---|---|
|Legal and administrative information|3|
|Report of the Trustees|4|
|Independent Examiners Report|8|
|Statement of Financial Activities|9|
|Statement of Financial Position|10|
|Notes forming part of the financial statements|11|
THE WHALEY BRIDGE COMMUNITY TRUST
## **Legal and administrative information**
## **Status**
The organisation is a charitable company limited by guarantee, incorporated on 13 February 2002 and registered as a charity on 11 October 2002. The first set of annual accounts was submitted to Companies House and the Charity Commission at the end of the first period of accounting up to and including 31 March 2003. Annual Accounts have been submitted at the end of each subsequent Financial Year.
The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under the Articles of Association. Under those Articles, at the first AGM all trustees retired from office and were re-appointed. At subsequent AGMs one third of all trustees subject to retirement by rotation will retire. Retiring Trustees can be re-appointed.
## _Trustees_
_**Cllr Martin Thomas, Chair**_ Mr G A Rowlands, Secretary Mr J McCabe, Treasurer Mrs J O’Donoghue Ms A Leyland Ms M Parker Mrs S Walton Ms K Spencer Ms P Knight Mrs J Gibson Mr D Shaw Cllr G Hall (appointed 16 March 2022) Mrs J Gregson (appointed 9 June 2022)
## **Registered Office and operation address**
14 Market Street Whaley Bridge High Peak Derbyshire SK23 7LP
## _Bankers_
The Co-operative Bank P.O. Box 250 Delf House Southway Skelmersdale WN8 6WT
THE WHALEY BRIDGE COMMUNITY TRUST
## **Report of the Trustees for the period ended 31 March 2022**
The Trustees present their report and financial statements for the financial year ended 31 March 2022.
## _**Activities**_
The company is a charity and exists to advance education and to relieve people living in the Whaley Bridge and surrounding area who are in need because of their social and/or economic circumstances by the provision of a drop-in centre offering facilities and services calculated to relieve such charitable needs.
## _**Mission statement**_
To provide a centre to offer companionship, conviviality and opportunities to improve quality of life in a social and educational way.
## _**Results**_
The net incoming resources for the period 1 April 2021 to 31 March 2022 amounted to £6,812, due to operating income of £20,281 reflecting an increase in activities as Footsteps adapted to the easing and subsequent removal of the Covid-19 measures supplemented by an £8,000 Covid-19 recovery grant from the local authority. Operating expenditure amounted to £21,469 resulting in a net surplus position of £6,812 for the year. Whilst a healthy financial position is reported for 2021/22, it was again a difficult one operationally, due to the management of the transition to the post Covid-19 environment combined with the continued need to ensure the safety of volunteers and customers. The £6,812 net incoming resources for the year will provide Footsteps with some financial capacity to either invest in the Charity to ensure the long term future of Footsteps or to manage unforeseen risks arising in the future.
## **Advice and information**
The initial objectives in both the Business Plan and the Action Plan centred around the need to establish the financial and accommodation base of the Drop-in centre.
We continue to act as a listening post and a place for local people to meet and access the information we make available through our community notice board.
THE WHALEY BRIDGE COMMUNITY TRUST
## _**Outreach work**_
Following the easing and subsequent removal of Covid-19 restrictions we have been extremely busy with the following outreach activities:
- A Well-being group meets on a Tuesday afternoon.
- We continue to provide computer tutorials by appointment.
- Other lettings and classes thrive including the Book Club, Knitting Group, Yoga and Living History. We also host the Garden and Allotments Committee.
- We have purchased a local history trilogy of our area and will benefit from receiving all the income from the sale of the publication.
## **Future strategy**
The future strategy of the Trust lies in the development of both the accommodation and the services offered. In accordance with the terms of our lease of 14 Market Street, Whaley Bridge, our landlords served a notification of their intention to sell the property, and in so doing triggered a pre-emption event. Following an independent survey, we agreed to purchase the building for £150,000 and a non-refundable deposit of £15,000 was paid in April 2022. A mortgage loan has been offered by Charity Bank, a grant has been received from the Reach Fund, and we have had a Crowdfunder Appeal which has raised £5,645 plus gift aid. Other generous donations have been received. We are currently waiting to complete on this purchase.
## _**Reserves Policy**_
The Trustees have established a policy to provide a reserve amount from the receipt of unrestricted funds to enable the Trust to operate particularly in bidding for funds and where awards can only be paid after goods and services have been purchased. Current designated funds stand at £14,000.
The reserves also help ensure the financial viability of the Charity by providing some financial headroom to either invest in the Charity to ensure the long term future of Footsteps or to manage unforeseen risks arising in the future.
## _**Risk Review**_
The Trust has carried out reviews of health and safety policies including a risk assessment of fire evacuation procedures. Internal risks have been minimised by adopting internal policies. Work is being carried out on the development of financial procedures to limit risks in this area.
THE WHALEY BRIDGE COMMUNITY TRUST
## **Responsibilities of the trustees**
Company law requires the Trustees to prepare the financial statements for each financial period which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial period. In preparing those financial statements, the Trustees should follow best practice and:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 1985. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
**Independent Examiner’s Report to the Trustees of Whaley Bridge Community Trust for the period ended 31 March 2022**
THE WHALEY BRIDGE COMMUNITY TRUST
I report on the accounts of the Trust for the year ended 31[st] March 2022, which are set out on pages 9 to 14.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts (under section 43(3)(a) of the 1993 Act);
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
THE WHALEY BRIDGE COMMUNITY TRUST
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 41 of the 1993 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Philip McCabe (CPFA).
Date:
THE WHALEY BRIDGE COMMUNITY TRUST
## **Statement of Financial Activities (Income and Expenditure Account) for the period ended 31 March 2022**
|**Notes**
**Incoming Resources**
Donations & Fund Raising
Events
Grants – Covid Recovery
Grants – Other
Bank Switch
Interest
**_Activities to generate funds:_**
Footsteps
Hire of computer suite
**Total incoming resources**
**7**
**Resources expended**
Running costs
Property expenses
**Total resources expended**
**7**
**Net (outgoing) incoming**
**resources**
**2,7**
**Opening funds**
**Funds at 31 March 2022**|**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**2022**
**Total**
**Funds**
**2021**
**Total**
**funds**
**£**
100
-
100
200
8,000
8,000
19,669
500
500
500
237
237
1,500
13
-
13
56
16,963
-
16,963
4,518
2,468
-
2,468
321|
|---|---|
||**28,281**
**-**
**28,281**
**26,764**|
||5,894
-
5,894
3,269
15,575
-
15,575
9,173|
||**21,469**
-
**21,469**
**12,442**|
||6,812
-
6,812
14,322
37,687
-
37,687
23,365|
||**44,499**
**-**
**44,499**
**37,687**|
|||
THE WHALEY BRIDGE COMMUNITY TRUST
## **Statement of Financial Position as at 31 March 2022**
|**Notes**
**Fixed assets**
Tangible assets
**Current assets**
Debtors and prepayments
**3**
Investment Account
Instant Access Account
Cash at bank and in hand
**Creditors: Amounts due in one year**
**Net current assets**
**4**
Capital grants received
**Net assets**
**5**
**Represented by**:
Unrestricted funds
Restricted funds
Designated funds
**Total funds**
**6**|**£**
351
28,066
4,003
12,079|**2022**
**£**
-
44,499
-|**2021**
**£**
-
336
13,054
1,002
23,295|
|---|---|---|---|
||44,499
-||37,687
37,687
-|
|||**44,499**|**37,687**|
|||30,499
-
14,000|23,687
-
14,000|
|||**44,499**|**37,687**|
For the year ending 31[st] March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
THE WHALEY BRIDGE COMMUNITY TRUST
## **Notes forming part of the financial statements for the period ended 31 March 2022**
## **1. Accounting policies**
- (a) The financial statements have been prepared under the historical cost convention, as modified by the inclusion of fixed asset investments at market value, and in accordance with the Financial Reporting Standards for Smaller Entities and the Companies Act 1985 and follow the recommendations in _Accounting and Reporting by Charities: Statement of Recommended Practice_ issued in October 2019.
- (b) Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included.
- (c) Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
- (d) Incoming resources from Footsteps and from investments is included when receivable.
- (e) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
- (f) Depreciation if applicable is provided at rates calculated to write off the cost of each asset over its expected useful life;
|Computer equipment|4 years|
|---|---|
|Fixtures and fittings|4 years|
|Refurbishments|10 years|
|Copyright|5 years|
- (g) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
- (h) Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
- (i) Restricted funds are to be used for specific purposes as laid down by the donor.
THE WHALEY BRIDGE COMMUNITY TRUST
## **2. Net incoming resources for the period**
## **Taxation**
The charitable company is exempt from corporation tax on its charitable activities.
## **3. Debtors**
||**2022**|**2021**|
|---|---|---|
||£|£|
|Prepayments –Insurance|||
|Premium|351|336|
|Footsteps Income|-|-|
||**351**|**336**|
## **4. Creditors**
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|Running Expenses|-|-|
|Purchase of Equipment|-|-|
||-|-|
## **5. Analysis of net assets between funds**
||Tangible fixed assets
Current assets
Current liabilities|**General**
**Funds**
**£**
**Designated**
**Funds**
**£**
**Total**
**Funds**
**£**
-
-
-
30,499
14,000
44,499
-
-|
|---|---|---|
|||**30,499**
**14,000**
**44,499**|
THE WHALEY BRIDGE COMMUNITY TRUST
## **6. Movements in funds**
|**Restricted**
**Funds**
General Funds
**Unrestricted**
**Funds**
General Funds
Designated
Funds|**As at 31**
**March 2021**
**£**
**Incoming**
**Resources**
**£**
**Outgoing**
**Resources**
**£**
**Transfers**
**£**
**As at 31**
**March 2022**
**£**
-
-
-
-
-
23,687
28,281
(21,469)
-
30,499
14,000
-
-
-
14,000|
|---|---|
||**37,687**
**28,281**
**(21,469)**
**0**
**44,499**|
## **Purposes of restricted funds**
Restricted funds relate to grants received to partially fund specific items of fixed assets and general expenses.
## **Purposes for designated funds**
Designated funds are held to enable the trust to operate and bid for funds where awards can only be made after goods and services have been purchased.
THE WHALEY BRIDGE COMMUNITY TRUST
## **7. Statement of Financial Activities for the period ended 31 March 2022**
|**Income**
Donations
Fundraising
Grants – Covid Recovery
Grants – Other
Footsteps
Hire of Premises
Bank Switch
Interest
**Total income**
**Expenditure**
Repairs and maintenance
Groceries
Business Expenses
Rent
Security
Electricity
Telephone
Water
Insurance
Licence
Health & Safety
Furnishings
Cleaning
Books & Magazines
Other Miscellaneous Expenses
Equipment
Household
Council Tax
Depreciation
**Total expenditure**
**Net (Outgoing)/Incoming**
**Resources**|**Total**
**Funds**
**2022**
**£**
100
-
8,000
500
16,963
2,468
237
13
_________
**28,281**
2,539
2,656
-
9,530
90
2,915
510
315
687
190
-
62
1,485
-
163
113
-
214
-
**21,469**
**6,812**|**Total**
**Funds**
**2021**
**£**
200
-
19,669
500
4,518
321
1,500
56
______
**26,764**
1,022
915
77
6,248
105
1,350
432
231
652
20
873
101
221
-
-
-
195
-
-|
|---|---|---|
|||**12,442**
**14,322**|