2022-03-31-accounts - Washington Millennium Centre Trust Ltd

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.


Charity information
Trustees' Annual Report
Statement ofdirectors' responsibilities
Independent Examiner's	Report
Funds Ststsments:-
Statement of Financial Activities			11
Statement of total recognised		gains and losses	12
Movements in funds			14
Revenue Funds			14
Fixed Assstfunds			13
Income and Expendilure	account		15
Balance sheet			16
Notes tothe accounts			17

year ended 21Marc	h 202	2, aa r	equired by	the Compani	es Act 2006)
		Seep	Current yssr Unrestricted	Currsni year Restricted	Current yesr Endowment	Current yssr TolslFunds	Pner Year TolalFunds
			Funds	Funds	Funds
			2022	2022	2022	2022	2021
Income 5Endowments	from:		4	4	8	5	8
Donations 5Legsoes Charitable activities Invesimenu		Al A2 A4	120,820 211,446 31			120,820 211,446 31	202,059 29,733 84
Total income		A	332,297			332,297	231876
Expenditure on:
Raising funds Charitable activities Tsx on surplus on ordinary	sctiviti	91 82 83	5,190 308,049 6			5,196 308,049 6	8,534 255,706 16
Total expenditure		B	313,251			313,251	204,256
Net income for the year			19,046			19,046	(32,380)
Net income after transfers		svgri,	18,046			19,046	(32,380)
Nst movement in funds			19,046			19,045	(32,380)
Reconciliation offunds:-		E
Total funds brought forward			466,604			466,604	498,984
Total funds cerned forward			485650			485,650	486,604

						2022	2021
						6	6
Surplus for the year:.
Nst excess of	income over	expenditure from operations		betors lax		19052	(32364)
Realised gains	on diaposals ofsocial investments		which are programme		related
Income from	operations	barom taxin the statement		or Financial Acgvi tea		19,052	(32,364)
Net Movement	In funds before taxatlon					19,652	(32,304)
Taxaton arising	in the year					(6)	(16)
Funds generated in the year as shown on Statement				of Financial Activities

Nlarch 2022 towards fixe	d assets for Charity use:-
		2022	2021
		2	2
Funds generated in the reer as Resources applied on functional Other applicahons offunds	detailed in the SOFA fixed assets	19,046 (40,588)	(32,380) (1,432)
Net resources available to	fund charitable activities

Revenue a	ccumulated funds
		uhlsslrlctsd	Restricted	Ehdcwlllsht	Total	Lest irssl'
		Funds	Funds	Funds	Funds	Tolsi Furrrls
		2022	2022	2022	2622	2021
		E	8	2	E	2
Accumulated	funds brought forward	466,604			466,604	498,084
Recognised	gains and losses before	19,046			10,046	(32,380)
transfers		485,650			465,05O	466,604
Closing revenue funds		485,650			485,650	466,504

Designated revenue funds include	d within the unrestricted	funds above
		Tslsl	Lsst ussr
		Funds	TotelFunds
		2022	2821
		2	E
At 1 April		200,000	150,000
Transfer (to)ifrom revenue accumulated	funds		50,000
At 31 March		200,000	200,000

Summary of funds	Summary of funds	uhrsstllctsd	Restricted	Endowment	Total	Lsstreer
		snd	Funds	Funds	Funds	TotslFunds
		Csslgnstsd funds
		2022	2022	2022	2022	2021
		2	E	E	2	2
Revenue accumulated	funds	285,650			285,050	286,604
Revenue designated	funds	200,000			200,000	200,000
Total funds		485,650			485,650	406,604

Companies Act 20	06							y
							2022	2021
								6
Income
Income from opera8ons							332,266	231,792
Investment income and	interest
Interest receivable							31	84
Gross Income In the year before		exceptional		Items			332,297	231,876
Gross income in the year including			exceptional		items		332,297	231,876
Expendltum
Charitable expenditure,	exduding	depreciation		and	amortisation		254,010	228,231
Depreciation and amor6sstion							22,019	25,005
Fundmising costs							5,196	8,534
Governance costs							2,010	2,470
interest payable							10
Realised losses on dispossls ofsocial investments					which are programme	related
Total expenditure In	the year
Net income before tax	in the financial year						19,052	(32,304)
Tax on surplus on ordinary activities							6	16
Net income alter tax in	the financial		year				19,046	(32,380)
Retained surplus for	the financial		year				19046	~(32380
A5 activities derive from continuing			operations

Washington Millen	nium Centre Tr	ust Umi	lad ~	Balance Shee	t as at 31 Marc	h 2022
			SORP
		Note	Ref		2022		2021
							8
Fixed assets			A
Tangible assets		12	A2		41,986		23,417
Current assets			8
Stocks			Bt	750		50
Debtors		14	82	888		1,644
Cash at bank and in hand			84	479,736		462,073
Totiil eiirrent annals				481,374		463,767
Credltorsi amounts one year	falling due within	15	Cl	~37,710		205801
Net current assets							443,187
The total nst assets	ofthe ehamy				Rtg,650
The total net assets	ofthe charity are	funded	by Ste	funds ofthe char hy, as follows:-
Endowmentfunds
Restricted funds
Unrestriicted Funds
Unrestncted Revenue	Funds	19	D3	285,650	cerned	266,604
					285,050		268,604
Designated Funds
Designated Revenue	Funds	19	D3	200,000		200,000
					200,000		200,000
Total charity fuiids					465,850		488,604

Depreciation has been provided	at the following	rates in order to	writs offthe assets to their anticipated
over their estimated useful fives.
Fitness Equipment	20	'/ straight	line
Plant and machinery	25 and 33	u straight	line
Footbal pitch, fencing stc	20	'/ straight	line


Ssfsry casts						2022		2021
						6		6
Gross Salaries excluding trustees	and key management		personnel			177,304		170,818
Employer's National Insurance for afi staff						4,370		5,812
Employer's operating costs
ofdefined oontribution
pension schemes						2,286		2,341
Total saladies, wages and related costs						183,960		178,971
The average number of full time staff employed		in the year was					16	16
The estimated full time equivalent	number of all	staff employed		in the year was			16	16
The estlmuied equnrsfsst number offurl vme stair		dspibyud	in dvfsrsut sctivrtlsv		In Ihs year wssi-
Engaged on charitable activities							16	16
the sssmsied full vme uqufvsisuf	number ofsasmff employed as			above			16	16
Neaher the trustees nor any persons connected		with them have		received any	remuneration	from	the chadity orsny
related entity, either in the current	or prior year.

Current Year	Football pitch, fencing etc	Plant 6 Machinery	Fitness Equipment	Total
Cost
At 1 April 2021	101,435	363,493	240,685	705,613
Additions		40,588		40,588
At 31 March 2022	101,435	404,081	240,685	748,201
Depreciation
At 1 Apnl 2021	92,648	350,624	238,924	682,196
Charge for the year	8,787	12,582	650	22,019
At 31March 2022	101,435	363,206	239,574	704,215
Net book value
At 31 March 2022		40,875	1,111	41,986
At 31 March 2021	8,707	12,860	1,761	23,417
Prior Year	Football pitch, fencing etc	Plant 8 Machinery	Fitness Equipment	Total
Cost
01 April 2020	101,435	363,493	240,685	705,613
31March 2021	101,435	363,493	240,685	705,613
Depreciation
01 April 2020	83,861	335,478	237,852	657,191
Charge for the year	8,787	15,146	1,072	25,005
31March 2021	92,648	350,624	230,924	602,106
Net book value
31March 2021	8,787	12,809	1,761	23,417
31March 2020	17,574	28,015	2,833	48,422

Notes to the Accounts	Notes to the Accounts	Notes to the Accounts	for	the year ended 31 March 2022	the year ended 31 March 2022
13 Stacks 8 Work		in Progress						2022	2021
								E	E
Stocks before	write dawns							750	50
									50
Analysis ofthe		carrying vsfas ofstacks snd worh in pmgmss			by acevitias
				Wars		in	Pmgress	Stocks
				2022			2021	2022	2021
						6	8	6	E
Acti vily
Other charitable		activities						750	50
								750	50
14 Debtors
								2022	2021
								E
Prepsyments	and accrued income							765	891
Other debtors								123	753
15 Credltorsf amounts			falling due within one year					2022	2021
								6	E
Trade creditors								26,318	14,690
Accruafs								2,043	2,365
Corporation tsx								104	16
PAVE, NIC VAT		snd other taxes						8,816	3,509
Other creditors								429
								37,710	20,580
16 Income and	Expenditure			account summary				2022	2021
								E	E
At 1 Apdl 2021								466,604	498,984
Surplus after	tsx	for the	year					19,046	(32,380)
At 31 March	2022

At 31March 2022	At 31March 2022	unrestricted	Designated	Endowment	Restricted	Total
		furrrIs	fullds	funds	funds	Funds
		5	6	5		6
Tangible	Fixed Assets	41,986				41,986
Current	Assets	481,374				481,374
Current	Liabilities	(37,710)				(37,710)
		485,550				485,050
At 1 April 2021		unrestdcted	Designated	Endowment	Restricted	Total
		funds	funds	funds	fUllds	Funds
		6	8	5	6	6
Tangible	Fixed Assets	23,417				23,417
Current	Assets	263,767	200,000			403,767
Current	Liabilities	(20,500)				(20,580)
		266,604	200,000

Change in		total f	u	nds ove	r the	year as sh	own In Note 18,an	alysed by in	dividual funds	dividual funds
							Funds bmught	Movement in	Transfers		Funds carrhd
							forward from	funds in	between		forward to2023
							2021	2022	funds	in 2022
								See note 2e
							5	6		F.
unrestricted		and designated			funds:-
Unrestncted		Revenue		Funds			266,604	19,046			285,650
Designated	Revenue			Funds			200,000				200,000
Total unrestricted			and designated			funds	466,604	19,046			485,650
Total charity		funds					466,604	19,046			485,650

						Other
				Income	Expenditure	Gains 4,	Movement
						Losses	In funds
				2e22	2C22	2C22	2022
				2	6	6	8
unrestricted	and designated		funds:-
Unrestricted	Revenue	Funds		332,297	(313,251)		19,046
Endowment	funds:-
				332,297	~313,251		19,046

					Ccriers ymf unreemctee	Current year neetncteu	Current year ccecwmecr	Cunect year TotalFunds	Prior Year TotalFunds
					Follde	Fundh	Fulldc
					2022	2022	2622	2622	2021
					E	E	E	E	E
	Revenue grants from government
	and public bodies
	Connect Programme							14,066	5,207
	Health and wellbeing	programme			17,058			17,058	5,672
	HMRC Covid-19 JRS				39,982			39,982	103,280
	Sunderlend City Council Covid-19				49,114			49,114	87,900
	Total public sector	revenue	grants		120,820			120,820	202,050
	Total Donations,	Grants		and	Legacies
	Total Donations, and Legacies	Grants						120,820	202,059
24	Income from charitable		activities		- Trading Activities
	Current year				Current year	Current year	Cunect year	Ccnect year	Prier Year
					unrestricted	Restricted	Endowment	Total Funds	Total funds
					Funds	Fulldc	Funds
					2022	2022	2022	2022	2021
					E	E		E	E
	Primary purpose and ancillary			trading
	Soft Play Ams				69,672			69,672	6,413
	Birlhday Parlies							17,329	70
	User Groups and otherroom		Hire		22,145			22,145	5,247
	Catering				55,547			55,547	4,038
	Gym Income				25,970			25,970	5,292
	Football				16,889			16,889	2,173
	Photo- copying Income				154
	Management fees acd charges				3,740			3,740	6,500
	Total Primary purpose snd ancillary trading				211,440			211,446	29,733

25	Total Income from charitable	Total Income from charitable	Total Income from charitable	Total Income from charitable	Total Income from charitable	activities
	Cunentysar					Current year uorosrncrod Funds		Cunont yosr Itsstrlvted Funds	Current year Endowment Funds	Current year Total Funds	Prior Year
							2022	2022	2022	2022	2021
							E			r.	E
	Total income	from	charitable		trading		211,446			211,446	29,733
	Total from charitable			sctlvltlr		A2	211,446			211,446	29,733
26	Investment	Income
						Current year unrssrncroa		Current year uostnowd	Current yosr snoowmonr	Cunont yesr Total Funds	Poor Year Total Funds
							Furrds	Funds	Funds
							2022	2022	2022	2022	2021
								E	2	E	E
	Bonk Interest	Receivable					31			31	84
	Total investment		Income			A4	31			31	04
27	Expenditure	on	charitable			activities	- Charitable	trading

Curnrnt Year				Current year unrootnotsa Funds	Current year Restricted Funds	Current year Endowmorlt Funda	Current year Totslyunds	Prior Yosr TotslFunds
				2022	2022	2022	2022	2021
				0	2	E	4	E
Catering Supplies direct costs		and other		36,322			36,322	4,226
Total charitable	trading costs		B2b	36.322			36,322	4,226

Support costs for charitable	Support costs for charitable	activities	activities
			Current year unrestncreu		Current year Kestrlctee	Current year uneowment	Current year Total Funds	Prior Year Total Funds
Cunent Year			Funds		Funds	Funds
			2022		2022	2022	2022	2021
			2		2	3	5	8
Employee costs not included		in direct costs
Salaries - Administrative staff			177,304				177,304	170,818
Defined contribution pension -administrative staff	cost						2,286	2,341
Employers' Nl - Administrative				4,370			4,370	5,812
Training and welfare - staff				1,695			1,695	983
Payroll fees and charges				2,565			2,565	2,657
Uniform and PPE				224			224	147
Premises Expenses
Rates and water charges				3,148			3,148
Cleaning and waste management			2'r,663				27,663	14,564
Premises repairs, renewals maintenance	and		15,246				15,246	11,033
Property insurance				3,875			3,875	4,035
Administrative overheads
Telephone, fax and internet				1,589			1,589	2,430
Stationery and printing				2,556			2,556	827
Hire ofequipment				1,285			1,285	3,018
Sundry expenses				1,751			1,751	180
Subscriptions and licences				505			505	239
Security Services				1,242			1,242	4,921
Transport Costs				349
Professional fees paid to	advisors other than				the auditor	or examiner
Other legal and professional				35			35
Financial costs
Depreciation &Amortisation	in		22,019				22,019	25,005
Bank interest payable				10			10
Support costs before reallocatic			269,717				269,717	249,010
Total support costs - Current		Yt	269,717				269,717	249,010

	Current Year					Current year unrscrncrcc Funds	Current yscr Rsclnctsu Funds	Current yscr Rsclnctsu Funds	Cunsnt year Endowment Funds	Current year TctslFucds	Prier Year Total Funds
						2022	2022		2S22	2022	2021
						E	E		2	f	E
	Independent Examiner's fees					2,010				2,010	2,470
	Total Governance		costs			2,010				2,010	2/70
	All the expenditure		in the prior year was unrestricled.
30	Total Charitable		expenditure
	Current Year					Current yscr unrccrnctsu Funds	Current year Rsstrlctsa Funds		Current year pnucwmsnr Funds	Current year Total Funds	Prier Year Tctsl Funds
						2022	2022		2022	2022	2021
						E	8		E	f	0
	Total charitable	trading		cost«.	B2b	36,322				36,322	4,226
	Total support costs				Bzll	269,717				269,717	249,010
	Total Governance		costs		B2e	2,010				2.010	2,470
	Total charitable	expenditure			B2	308,040				308,049	255706
	AE the expenditure		in the prior year was			unrestricted.
						Prier Year	Prior Year		Prior Year	Prior Year
						Unnmtnctss	Rsstnctsc		ccccwmsnt	Total Funds
						Funds	Funds		Funds
						2021	2021		2021	2021
						E	f		E	E
	Total charitable	trading cost.'			B2b	4,226				4,226
	Total support costs				B2d	249,010				240,010
	Total Governance		costs		B2e	2,470				2,470
	Total chsntabts	expenditure			B2	255700				255,706
31	Expenditure on		raising	funds and		costs of investment		management
	Current Year					Current yscr Uhlsstnctsu Funds	CUIrsnt yssI' Rsctnctsc Funds		Cunsnt year anacwmsst Funds	Current year Total Funds	Prior Year Tctclyunds
						2022	2022		2022	2022	2021
						f	E			E	E
	Project and event		expenses			5,196				5,198	8,534
	Total fundraising		costs		B1	5,106				5,196	8,534

Taxation
			Current year unrestnstea	Current year Restnetea	Current year unaowmsnt	Current year Total Funds	Prior Year TotslFunds
			Funds	Funds	Funds
			2022	2022	2022	2022	2021
			E	2	2	E	E
Corporation	tax						16
Totaltaxati	oncosts	83c	6				16

Total ofother expenditure	Total ofother expenditure
Current Year			Current year unrestnctea Funds	Current year Rssmctea Funds	Current year enaowment Funds	Current year Total Funds	Prior Year Total Funds
			2022	2022	2022	2022	2021
			E	2	2	2	E
Total taxailon costs						6	16
Total other expenditure		B3				6	16
All the expenditure	in the prior	year was	unrestricted.
			Prior Year	Prior Year	Prior Year	Prior Yssr
			unrestnctea	Reslrlcted	Enaowmsrtt	Total Funds
Prior Year			Funds	Funds	Funds
			2021	2021	2021	2021
				2	2	2
Total taxation costs						16
Total other expenditure		83				16