2021-03-31-accounts - Washington Millennium Centre Trust Ltd

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Charity information
Trustees' Annual Report
Statement ofdirectors'	responsibilities
Independent Examiner's		Report
Funds Sfsfwnents:-
Slatement ofFinancial	ActiviTies		11
Statement oftotal isccgnissd gains and losses			12
Movements in funds			14
Revenue Funds			14
Income and Expenditure		account	15
Balance sheet			16
Notes to the accounts			17

The financial position ofthe charity at 31 March 2021	The financial position ofthe charity at 31 March 2021	The financial position ofthe charity at 31 March 2021	and comparatives	forthe prior period, as
more fully detailed		in the accounts, can be summarised	as foliows:-
			2021	2920
			6	6
Not (deficit)/surplus			(32,380)
Unrestricted Revenue Funds svsilsbls forthe general purposes ofths charity			266.604	348,984
Designated Revenue		Funds	200,000	150,000
Total unrsslrfotsd	Funds
Total Funds			466,604	498,984

			apnp R&	Canaiit year Unrasulcled	Current year Raslrlalad	Current year Total Funds	Prier Year falsi Funds
				Funds	Funds
					2021	2021	2020
					0	0	0
Income &Endowments	from:
Donations &Legacies			A1	202.059		202,059	73,295
Charitable activities			A2	29,733		29,733	295,232
Investments			A4	84			736
Total income			A	231,876		231,878	372,263
Expenditure on:
Raising funds			81	5,534		8,534	5,867
Charitable activiTies			B2	255,706		255,706	327,591
Tax on surplus on ordinary		ac5viti	B3	16		16	222
Total expendltum			B	264,256		264,256
Nst incoins foi'ths year				ia.aa		(32.380)	38,583
Net income after transfers			A-IW:	(32,380)		(32.380)	38,583
Net movement In funds				(32,380)		(32,380)	38,583
Reconcaladon offunds:-			E
Total funds brought forward				498,984		498,984	460,401
Total funds carried forward				466,604		406,604	498,984

						2021	2020
						5	5
Surplus i'or the year:-
Net excess of	income over expenditure	from operations		before tax		(32,364)	38,805
Realised gains	on disposals ofsocial investmenn		which	are pmgramme	related
income fram	operations hartue taxin	the Statement		ofFinancial Actfvitss		(32,354)	38,805
Net Iaovement	in funds before taxation					(32.304)	38,805
Taxation arising in the year F,dr, , adl i,y. .		.I	iHi,d ae		ar	(16) ~AM)	(222) 38,583

Washington Ilillennium Centre Trust Limited -Resources applied March 2021 towards fixed assets for Charity use:-	Washington Ilillennium Centre Trust Limited -Resources applied March 2021 towards fixed assets for Charity use:-	in the year ended	31
		2021	2020
		8	8
Funds generated in the year as Resources applied on functional Other applications offunds	detailed in the SOFA fixed assets	(32,380) (1,432)	38,583 (8,663)
8fet resources available to	fund charitable activities	~(rS.S1	29,920
The notes attached on pages 17to 30form an integral part ofthese accounts.

Companies Act 2000
								2020
								8
Income
Income horn operations							231,702	371,527
Invsstmsnt income
Interest receivable
Gross income in the year before	exceptional			Items			231,876	372,263
Gross income in Ihe year including		exceptional			items		231,876	372,283
Expenditure
Charitable expenditure, excluding	depreciation			snd	amorasation		226,231	294,457
Depreciation and smorfisation							25,005	31,045
Fundraising costa							8,534	5,867
Governance costs Rssnssd losses on dispossis ofsocial			invsstmsnsr		which are programme	rslstsd	2,470	2,060
Total expenditure in the year							264,240
Nst income before tax in the finandal			year				(32,364)	38,805
Taxon surplus on ordinmy activities
Net income after tax In the financial		yssr					(32,380)	36,583
Retained surplus forthe financial			year				132.380)	38,583
All activities derive from continuing		operations

In accordance with Ihe SORP, and in recognifion ofthe dfificufiies in pladng a monetary value on the contribution fram volunteers, the conkibution ofvolunteers is not induded within the income ofthe charity.
However. the trustees value the signitlcant contribution made tothe adiviTies ofthe charity by unpaid volunteers and this isdescribed more fully in Note 7.
Policies relating toassets, liabilities and provisions and other matters.
Tangible fmed assets
Tangible fixed assets are measured st meir original cost value, orsubsequent revaluafion, orifdonated, ss described above. Cost value indudes ag costs expanded in bringing the asset into ils intended working condi5on.
Depreciafion has been provided atthe following rates in order to write offthe assets totheir an5dpated residual value over their estimated useful lives.
Fitness equipment 20 Vv straight line
Plant and machinery 25and 33 4Ai sbaightline
Football pitch, fencing atc 20 Vo straight line
A regular annual review ofthe likelihood ofasset impairment ls undertaken.
Accoungng for capital grants and Rxed asset funds.
Gifts of tangible fixed assets orgrants ofa capital nature, given forthe purposes ofacquiring specific assets tobe fully utilised in the furtherance ofIhe objects ofthe charity, are credited to fixed asset funds afier the donated asset has been
received orsums have been properly expended on the restricted puqmse.
Where the terms ofthe gift require the charity to hold the asset on sn ongoing basis foraspecilic purpose, then the fixed asset fund so crested is categorised as a restricted fixed asset fund, and the mlevant restrictions are noted in Ihe fixed asset note 12.
Where Ihe toms ofIhe gifi are met once the asset is acquired, so sfiowing the charily touse the asset an an unrestricted basis, Including the right to receive the proceeds ofany future sale ofIhe asset on an unresklcted basis, then the fixed asset fund socrested iscategorised asadesignated fixed asset fund.
When assets are acquired forthe furtherance ofthe charity's objeds, ufilising ihe chadity's own unrsstilded funds, a transfer ismade from unrestricted funds toadesignated fixed asset fund.
Whether acquimd with unrestricted or restricted funds, the asset acquired is initially shown in the balance sheet at Ihe full costof acquisiyion orsubsequent revaluation.
As the related assets are depreciated, in accordance with the depreciation policy, in order to rellect the diminution in the asset, a transfer Ismade from the relevant fixed asset funds to either unrestricted or restricted revenue funds, as
appropriate to tha terms ofthe original gift. ifany.
The effect ofthis policy isthat Ihe aggregate ofafi fixed asset funds shell equate to ihe net book value offixed assets.
In the first ymr thai this policy was adopted, atransfer tofixed asset funds was made equivalent to the net book value of the assets.
Any residual liabirity tothe donor aifslng from, for example, the asset's future sale, isdisdossd as a contingent liability unless the event that would trigger repayment ofthe grant becomes pmbabls in which case a fiabifity for repayment is recognised.
Insofar as this policy relates to Government grants and tothe extent that Itmay bea departure from the FRS102SORP (Statement ofRecommended Pracfics forAccounfing and Reporfing by ChariTies) 2015,(asamended by the Bufisfin issued in Odober 2015and applicable to afi accounting periods beginning on orafter 1stJanuary 2019),(The SORP), such depmture isjustified an the basis that Itis in order to comply with the SORp.

5	Net surplusl(deficit) before tax in the financial year
				2021		2020
				6
	The net surplus/(deficit) before tax in the ilnandsl year isslated	after charging:-
	Deprecitaon ofowned fixed assets Pension costs			25,005 2,341		31,045 2,373
6	Taxation			202'I		2020
				5		2
	UK corporation tax
7	The contribution ofvolunteers
	The Trust is run by iisTrustees who are afi volunteers. They sit on ihe mansgment commidee and give their time freely to support the running ofthe centre and manage the staff employed sothat the Trust can meet its objecbves. The Trustees also set budgets and monitor how fhe Trust is performing, and discuss ways in which any income that is surplus to Ihs requiremenls ofday to day running rusts csn be Invested.
	AddiTionally, a number ofvolunteers are deployed lo run acfiwTies would be unable todeliver ihe range ofacfivitias that are so highly	in the rxrntre. and wfihout their valued by the local community.		contribution	fhe	centre
0	Staffcosts and emoluments
			2021		2020
	Gmss Salaries extruding trustees and key management personnel Employers National Insurance for afi staff Employer's opersfing costs ofdefined			6 170,818 5.812	6 180,821 6,182
	conbibution pension schemes			2,341		2,373
	Total salaries, wages and related costs			178,971	180,376
	The average number oftotal stafF employed in the year wes The estimated full rime equivalent number ofsfi siafi employed in the year was			16 16		16 ts
	The estimated equivalent number ofF'uir flme staff defdoysdin	disbrsnf acgviTias in the year wssn
	Engaged on charitable activiTies			16		16
	The estimated lull ffnm equivalent number ofall srary employed	asabove		16		16
	Nefihsr Ihe trustees nor any permns connected with them have received any rsmunerarion related endly, either in the current or prior year.		from the charibr orany

Notes tothe Account 14 Debtors	s fo	rt	he year e	nded 31 March 2021
					2021	2020
Trade debtors					8	6
Prepayments and accrued income Otherdebtors					891	2,273 11,081
					753	372
					,ru	13, 28
15 Creditors: amounts	falling		due within	one year	2021	2020
Trade creditom						6
Accruale					14,690	19,245
Deferred Income -Unrestrided Corporaficri tex PATE, NIC VAT and other taxes			&designated	funds	2,365 16 3,509	2,355 637 140 8,447
18 Income and Expenditure		account summary			2021	2020
					5
At 1 April 2020 (Dafidt}/surplus after tsx	forthe year				408,984 (32,380)	460.401 38,583
At 31March 2021

							Funds	uovsmvnt	Trsnefem	Funds carried
							bmugiu	funds In 2021	between	forward to
							foruuni from		funus in 2021	aun
							2020
	Uarssa'feted		aarf	designated		fsrrds:-
	Unresbicted Designated	Revenue Funris Revenue Funds					348.984 150.000	(32,380)	(50.000) 50,000	208,004 200,000
	Total unresbrictsd			end designated			funds			406604
	Total charity		funds
20	Analysis of		movements		in	funds	over the year as shown in Note	10
									Other
							Income	axpendaum	Gains &	movement
									Losses	In funris
									2021	2021
	Unrestriaed		and designated			funds:-			8	6
	Unrestricted	Revenue Funds					231,076	(264,250)		(32,380)
							231.0T6	(284.256)		(32,300)

					Cunsnt year liursstrlctsd	Current year Restricted	Current year Total Funds	Poor Year Total Funds
					Funds	Furies
					2021		2021	2020
					f		f	f
Revenue grants from government				and
public bodies
Connect Programme
					5,207		5,207	39.489
Health end uellbsing			programme
					5,672		5,672	33,806
HMRC Covid-19 JRS
					103,280		103,280
Sunderland City	Coundl Coviu019
					87,900		87,900
Total pubgc sector Total Donations, Total Donations,		revenue grants Grants and Grunts und		Legacies	202,05$		202,059	73,295
Legacies					202,050		202,059	73,205
Income from charitable activities				- Trading	Activities
Cummt year					Current year	Current yssr	Cunsut year	Prior Year
					Unrsstrktso	Restricted	Total Funds	Total funds
					Funds	Funds
					2021	2e21	2021	2020
Primary purpose	and		ancillary trading
Soft play area Birthday parties					6,413		6,413
					70		70	21,100
User groups and other Catering			room hire		5,247		5,247
					4,038		4,038
Gym income
					5,292			33,786
Football
Lockers and pool tables					2,173		2,173	16,721
								208
Management fees	and	charges received			6,500		6,500
Total Primary purpose			and ancillary
trading							2$,733	298,232

					Current year	Curmut year	Current year	Prior Year
	Cunent year				Unrestricted Funda	Restricted Funds	TotuIFunds	TotalFunds
					2021	2021	2021	2020
							0	f
	Total income	from charitable trading			29,733		29,733	299,232
	Total from	charitable actlvisss		A2			29,733	290432
20	Investment	income
					Current year	Current your	Cunoui year	Prior Year
					Unrestricted Funds	Restricted Funds	Toisiyuods	Total Funds
					2021	2021	2021	2020
					0	0	0
	Bank Interest	Rmudvsbls
	Total Invoutmcut		Income

Current year	Current your	Cunoui	year	Prior Year
Unrestricted Funds	Restricted Funds	Toisiyuods		Total Funds
2021	2021	2021		2020
0	0	0
			84	736

Cunsnt	Year			CufAlm yssf Unrestricted Funds	Cunsnt yssr Restricted Funds	Current year Total Funds	Prior Year Tous Funds
				2021	2021	2021	2020
Catering	supplies	snd other direct
costs							42,520
Total charitable		trading costs	82b	4.226		4,226	42.520

8 Support costs for charitable	activities
		Current yaar	Current year	Currant year	Prior Year
Current Year		Unraarnatad Funds	RaauiNad Funds	Terai Funda	Total Funds
		2021	2021	2021	2S20
		6		4	6
Employee costs notincluded	in direct costs
Salaries -Administrative staff Defined contribution pension cost-		170,818		170,818	180,821
administrafive staff		2,341		2,341	2,373
Employem' Nl - Administrative Training and welfare -staff Paymll fees and charges Travel and subsiStence -staff Uniform and PPE	staff	5,812 983 2.657 147		5,812 983 2,657 147	6,182 2131 1,835 378 570
Premises Errpenses
Rates and water charges Cleaning and waste management Premises repairs, renewals and				14,564	6475 'l9,180
maintenance		11,033		11,033	19,006
Property insurance		4,D35		4,035	4.518
Administrative ovenhearts
Telephone, fax and internet Stationery and printing Hire ofequipment Sundry expenses Subscriptions and licences Security services		2,430 827 3,018 180 239 4,921		2,430 827 3,018 180 239 4,921	2,40$ 1,928 1,862 358 471 801
Professional fees paid to advisors other than the auditor orexaminer
Other legal and professional					839
Financial costs
Depreciahon &Amortisation in total for the period		25,005		25,005	31,045
Support costs before reallocation		249,010		24$.010	282,9&2
Total support costa -Current Year		24$,010		249,010	282,982

	Current year	Current year	Current year	Prior Year
Current Year	Unrestricted Funds	Restricted Fuhdu	TolslFunds	TotalFunds
	2S21	2021	2021	2920
Independent Examiner's fees	2.470		2/70	2,089
Total Governance costs	2/70		2,470	2,089

Total	charitable trading costs	B2b
Total	support costs	82d
Total	Governance costs	82e
Total	charitable expenditure	82

Current year	Cuuuut yusr	Current yssr	Prior Year
Unreslrlclsd	Reslrlclud	Total Funds	Total Funds
Funds	Funds
2021	2021	2021	2020
0		E	5
4,220			42,520
249,010		240,010	282.982
2,470		2,470	2,089
255,706		255,706	327,591

All the expenditure in the prior year	was unrestricted.
		Prior Year	Prior Year	Prior Year
Prior Year		Unresutcrud Funds	Rssuictud Funds	Total Funds
		2D20	2020	202S
Total charitable trading costs Total support costs Total Governance costs	82b 82d 82e	42,520 2,099		42,520 282,982 2,089
Total charitable expenditure	82	44,60$		327,5$1

				Currant	year	Current year	Currant year	Prior Year
Currant Year				Unrestricted Funds		Restricted Funda	TolalFunds	TotaIFunda
				2021		2021	2021	2020
				2		0	0	0
Project and event		expenses					8,534	5.867
Total fundraising		costs	B1	8,534			8,534	5.867
All the expenditure		in the prior year was unrestricted.
32 Taxation
				Current year		Cunent year	Current year	Prior Year
				Unfaatflclad		Restricted	Total Funds	Total Funds
				Funds		Funds
				2021		2021	2021	2020
				0		2	2	0
Cofporabon tax Corporation tax - prior year adjuslments					16			140 82
Total taxation costs			B3c				16	222
All the expenditure	in the prior year		waa unrestricted.
3 Total ofother expenditure
				Cwrant year		Current year	Current year	Prior Yew
Cunant Year				Unrestricted Funds		Raautotad Funds	TotaIFunda	TotalFunds
				2021		2021	2021	2020
				2		0	2
Total taxaticn coals							16
Total other expenditure			B3		16		16	222
All the expenditure	in	the prior year was unrestricted.
				Prior Year		Prior Year	Prior Year
Pifor Year				Unreatriatad Funds		Restricted Funds	Total Funds
				2020			2020
				f			0
Total taxation costs
Total other expenditure							222