Cornpany Rcgistration Number.. 04243893 Cbarity Registraiion Number.. 1098284 Worthing Community Partnership Company Limited by Guarantee Unaudited Financial Statemertts 30 June 2022 111 AC0EPVRE 3010312023 COMPMIES HOUSE 202
WTrrthikg Community Partnership Company LSmited by Gu*raD¢ee Fin8Jlti•l Statements Year Ended 30 June 2022 Page5 Trustees Annual Report (tncoTwatiDg the DIreCr.5 Re[) 3r06 Independeni ExamiDer's Ryrt to the Trusie&s StateTnent of Financial Adivitie5 (Including Inc¢)rne and Expenditure Account) Statement of Financial Position 910 10 Notes to the Financial Sthtemenis 11 ¢0 18
Worihing Communlty Partnershlp Cornpany Limited by Cuarantee Firtattcial Statements YeAr Ended 10 June 2022 The tTUStees, who are also the directrJTS for the PUTW)ses of company law, preseni iheir leport and the unaudited finartcial statements of the charity for the year ended 30 Jwie 2022 Reference And Administr¢ive Det51s Registered charity name Worthing Commvnity Parthership 3 Worthing Community Chest Charity registration TrMber 1098284 Company registration number 04243893 Prlneipal offiet and registered office Town Hall Chapel Road Worthing West seX BNII IHA UnL*d Kirtgdom The Truste¢s M Brett M Ansell SJ RobinSOD-Viney R Fokou N AtkiDs R E Nowak A Stimpson (Appointrd I l July 2022) (Resigned 21 December 2022) Independent Examiner Oliver Tatsa Yemeli FCCA Belv¢T Accounting & Business Setvices (BABS) Ltd. 4 Presion Road Brighton East Sussex BNI 4QF
Worth5ng Community Partrtership Company Limited by Guargntee Trustees, ADnuAI Repfyrt (Kllcorporating the Director's Report) Year Ended 30 Jwne 2012 Struetur& GovernaTrce and Management The ¢harity ss ¢onstiThted as a cojnpally Itmited by guaranttt and 15 therefore govuned by a memorandum and articl¢5. of ossociation daied 29 June 2(Kll. The trnSte¢s att #ppoitited at the ADnual General Meettng and one thrrd rettres rll rotstion and can be re-appointed. The mLStees may further appoint tNstees to fill vacancies arising betwe Annual GerEer81 Meettng5. The irusiees ar¢4 recruited dependeni on skills required antl contribute at Board meeting5 and ai least one other committee or role wtthiit the organisalion. Trustee5 are given an induction by the CThair. Treasurer ind other trustees and receive on-going formal alld infomJaS training at board meetin8s. away doys and ihrnu8h links with oiher local agencies. Worthin8 Comtnunity Partnership is a small organisation and a5 such, tru5tets and all volunteers within the organisation. are rnore activt than would usu¥lly17e reqtsired of a governance role within a larger organisation tbat bas a greater numbeT of paid,"5tafT. Public Benefit The trustees have referred io the chlty Commissions guidanc¢ on public benefit wliEn reviewing ihe cornpany's oims and objectives and in planning future activities. As a grant rnaking charity. Worth8 Community Chesl Exists lo llke partneT5hip$ and offer financial grants io enable local groups. piojrfts and events for the public benefit. Objectives #nd Adiyitles The Worthing Corntnunity Parn1$.p is known locally &$ the Worthing Comttlunity Chest and is an independent.. OTganisaiion enabling and supportin8 local cornrnunity regenerdtlOTl PTOjrfts and events. We operAle as far as pos5iblt by buildtng parther5hips with l(Kal voluntsry organisations and clubs. busit)esses. StatOry bodies and individuab. Our P4rp05e To tackle social isolation ortd economic depnvarion by.. l) Bringing people at)d OTgani5ations iogether to find solutions to address local issues artd oppOrnitIeS. 2) Acting as a conduit for fimding to enable running of prowdmrnes and specific events and Projects. 31 Working together with organisations to asSlSt and lead in the delivery of projects alld initiallves. 4) Supporting small local groups with financial assistance through Worthin8 Conjmunity Chest grants:.. Athievemtnis nd Future Plan$ The main irtcome for ihe charity is derived from the continuing c¢cupan¢y of the freehold prop¢rry. Renaissance House in Rowlands Road, Wonhing. This enables the organtsation to caTry Out its ¢harilable furtctiorjs. Textilc recycling income received via Worthing Borough Council is restricted to &wardrn8 Worthing Community Chest small grant5. We received £61Jl unrestricied fijnd from Worthing Acte5s Mobility Group. the Textile rvy¢lillg received via Worthing I Borough Council income 15 incTeTnentally diminishing by the year_ The Charity wiu contiThue to promote recycling locally to help to rneet council re¢y¢ling targeis, reduce landfill waste and nise ndS for distribution to local gr()UP5 and evenis in Worthin8. A list of organisations who have benefifted from grants awarded in ihe yr is included in Dole 8 lo the financial stateentS. The charity awarded grdllls. grass roo15 fi]nding and seed fvjding to help organisafions Cope with the drffJ¢ult trrncs of approxrmaiely £29,769 during the ye8T. helping io enable a wide raT>ge of evenis to tske place in Wonhing. Mole detailed achieyernenis and activities of the charity are detailed in the Charity's Annu31 Report ayailable from the town hall and Lwn requesf.
Worthing Community Partnehp Company Limited by Guarantee Trusttts, Annual Reptsrt {Incorporating (h¢ Director's Report) {COlltiniJed) Year Ended 30 June 2022 Financil Revltw The rcsulr5 for the year ar¢ sei out in the ststrtn¢nt of financial acrivities on Pagc 8. There w&% a totsl nei sIrtraI1 for th¢ y¢ar of £1 1.117 (2021.. £17,923 surplus). The surplus generated on the unrestrict¢d gener31 fund was £9,45512021.- £28,290).The overspend on support cost5 of £7,698 compared io rhe previous year is due to Staff Cost and PmfessioDal fee 2021.. £26,415 (2020.. 18.717). This sutplus and n¢t assets enablcd ihe uwtfes to allole an addiiiooal £20,572 of unresiricied fijnds to restricted inrn¢ award £18.745 in community chest grants, Gra roots and Seed funding of £1 1,024 and £1.817 sbortfall covered by the designaL¢d Renaissance House Repair nd& leaving £9JOO Shortfall in ihe year to be covered by unrestTic¢ed. undesignared ndS as at 30 June 2022. Reserve5 In thc conttxt of the financial sIat¢Drn testhes are the funds avaiiabl¢ Lo the charity that can b¢ mad¢ available io spend for any or all of its purposes. once li has mei its commitments and covered ILS planned expendiiure. These eomprise restri¢trd Teserves to be spenl 501ely on Community Ches¢ Grants and unresrrictrd funds that tnay be d¢signaied by the trustees for spe¢ifi¢ purposes to enable the work of the cbarity to continue and grow and meei its anticipated requir¢m¢t)ts. The level of reserves is tnonitored and reviewed on a bi-monthly basis. Tbe direciors consider it pnjdent that unrestricted resc should cover 3 month5 Turffting costs for ihc charity aThd major repajrs at Rcnaissance Hous¢. UnrestricMI tunds comprise £315,379 representing the nei book value of lienaissance House. designated funds of £22,557 for rnajor repairs. £7,299 representing three mollths. Thng costs leaving tothl undesi8nated funds of £42,846 a¢ 30 June 2022. This meets the truse$. desired level of reseNes. It is expecred that rh¢ unr¢5tricied r¢5¢ryes will be used io award further grants in th¢ Mi[18 years as the recycling income reduces. Restri¢ted Community Chest Grants Fund Futlds received frorn Worthing Borough Council from tIle recycling arc held for the 501e purpose of awarding communiry chest small grants w fund local projects and events. Recycling incom¢ of £9,197 was receiv¢d in ihe year atld grants of £18,745 were awarded in the year. De5ign#ted Major Rep*irs Fund Funds re¢eived from ienanrs in excess of service charge recharged costs are held for the sole purpose of major repairs and property works rechargeable to tenants under the tern)s of their leases. The purp05¢ of thi5 fund is ¢0 reduce tluctuation5 in annual service char8¢ Costs that would be cau%d by re¢lwging all major works on Renaissan¢¢ House io the period they are InCu¢d and io ¢nsure fi8 are available for planned major works such as lift repairs and external pioperty redecoration. Risk Assessment "I"he directors review financial and other risks when appropriate and have established procedures io ensure thai trdosactions and projects are properly authorised. Ongoing (upanCY of Renaissance House is necessary for the ongoing sus1n&bl11ty of the charitsble company in its curreDi fomi. Trustecs are looking forward maintain the lease with our curren¢ ienanis Western Sussex Health Trust as th¢y were aWded the continuing contract to offer the sexual l)eald) sei'vi¥¢b frum our propery and will continue in tenancy for the next three to tive ycars.
Worthlng Community Partnership Company Limited by GuaraDtee Tru5tees' Annual Report (ltscorporating the Director's Report) {tontined) Year Ended 311 June 2022 Statement of Tru5tees' Re5pons5bilitie5 The Irusitts (who are a150 directors of WorthiDg Community Partnership for the purpose5 of wmpany law) are Tesponsible for preparing the Directors. and Trustees. rert and financial statements in wdance with applicoble law and the Charities SORP (FRS 102)_ Company law reqdi5 the trvstces io prepare fjnancial Slatements for each fJnaDcial year which give a true and fair I view of the state of affaiTS of the charirable cotnpany and of the incoming resources and application of resources: ' including the income and expenditurt of tbe ¢hari¥ble company for the year. In preparing these fUnCIal 5thtements, the tnjstees are required to: select suitoble accounting policies and then apply them Co315tentIy. observe the methods and principles in ihe Chariiies SORP; Tnake judgemeuts and a¢rounting estimates that are rewnable and PD2dent' slate whether applicable UK Accounting SthndaTds have been followed. subject io any material departures i . disclosed and explained in the finallcia] 5taiements- prepa the financiat slatements on th¢ going basis unless it is inappropriate to presume that tl]e ch&rity will continue in operation. The trustees are responsible for keeping adequare accounting records that are sufficient to show and explairt the-." charitable COTnpany's trdn5actions and disclose with reasonable accurdcy at any time ihe financial position of the charitable company and enable theln lo ensure that the financial 5talements comply with the Cornpanies Act 2(KJ6. They are also responsible for safegtsarding the assets of tbe charitable CoMY and hence for iaking reasonabl¢ sieps for ihe preventTron and detection of fraud aDd otheT iryegularitiv. Small Comp¥ny Prnvisions This report has b¢en prepar¢d in accordance with the provisions applicable ro companitt entitled io the small companies, exernption. The cllaiity 15 not subject to audit under comp3ny12w and is eligible under charity commission requirement5 foT indtprndent examination. Independent Ex4miner Oliv¢r Talsa Yemeli of Belver Attounting and Business SeThices (BABS) Ltd will be prop05ed Eo the Afjm to b¢ reiained as th¢ indep¢ndeni examiner. Signed on behalf of the trustees 2810312023 Mar 29. 2023. 1 ift5111ai25.20k31tr03Gwf* Rigobel Fokou Treasurer Noel Atkin Chair
Worthlng Communlty Partnershlp Cotrnpany Limited by Guarantee I#d"ependent Examiner's Report to the TrSteeS of Worthitsg Commuttity PartDer5hip Year Ended 30 2022 I re[ to the tsusrees on my ¢xwninwion of the accounts of ihe Worthing Community Partnership for the year ended 30th June 2022. Respon5ibilltles 8nd bsls of reptsrf As the trustees of the chan.ty (and also IL directo for th¢ pwpose5 of Company iJw). you are responsible for the preparation of the financial sta*ments in accordance with the requirements of the Companies Act 21X)6 {the 2006 Act) Having satisfied myself that the financial staterneft of the charity are not re4uired to be audited llAtr parts 16 of the 2006 Act and are eligible independent examination. I report in respect of my examination of the charity's financial slat¢rn¢nis carried out under Seciion 145 of the Chan"Èies Aci 2011 {the 2011 Acr). In carrying oui my ¢xatniiiaiion. I followed all the applicable Directions giv¢n by the Charity Commission under Section 145 {5)(b) of the 2011 Aci Independenl examiner's statement I have completed my examination. I confimi thai no material matters hav¢ cotn¢ to My attention in connection with ihe examination giving me cause to believe that in any material respect: l. accouniing records were noi k¢pi in accordanc¢ with section 386 of the Companies Act" or 2. the accounts do not accord with ihose records. or 3. the accounis do 001 comply with relevant accounling requiretnents under section 396 of th¢ Companies Act 2006 other than any requiremen( that the accounts give a'true and fair, view which is not a matter considered as paft of an independent examination- or 4. the accounis have not been prepared in accordance with the Charities SORP (FRS102). Signcd:. Name: Oliver Tatsa Yem i FCCA Belver Accounting and Business Services (BABS) LTD, 4 Preslon lioad. Brighton, East Sussex BN I 4QF 2810312023 Address: Date..
Worthing Communlty Partnenhip Company Limited by Cuarntee StAtement ofFiDartcial Activities (including inetsme and txpethdltsre Cllt) Year Ended 30 June 2022 UTrre5tri¢ied nds Rethitted fvllds Total funds Toial j-. Note= Income and endowments from Donattons and legacics Charstable activities Income from invesimen15 640 35,182 48 9.197 9,837 35.182 48 43,751 .87 Total locome artd ¢mdowm¢nts Expenditure on Charitable activities Emergency Funding (Covrd19) Grass R¢)tsts Fuodittg less prior year un¢laim¢d Tot¥l Expenditur¢ 8-11 26.415 18.745 45,160 457. 11.024 11,024 26.415 29.769 56,184 38,999 Net Incomel(exptndlture) 9.455 20.572 17.923 r4et movement fndS 9.455 -20.572 -11,117 17,923 Reconciliation of funds Toial funds brought forward Trnnsfer unrestricted io Cover restricted fund5 shortfall Toial funds ¢arried ftsnward 399.198 399,198 381.275 -20.572 388.081 17 388.081 399.198 The $taternent of fin?ncial activities in¢ludes all gains 8nd 105se5 rttognised in the year All income and eXpendire ¢Jerive from continuing activities except those iternised in note 5 Thr notes on pages I I to 18 fonn part of these financial ststements
Worthing Commun5ty Partnership Company Limited by CuaTan¢ee Ststement Of Financial Po$itioD Year Ended 30 Je 2022 2022 2021 Flxed Assets Tangible fixed assets Note: 13 315J79 317.379 Current Assets Debtor5 Cash ai bank and in hand 14 6,242 3,293 99,438 26.736 103,064 20.912 Creditors.. amounts lalling thie withiti one year 15 Net Current Assets Totsl Assets IS Cllrrent Liabilities 72.202 J88,081 82.152 399.531 Creditors= amounts falling due after more rhan one year Net Assets 16 333 388,081 399,198 Funds of the Charity Restricted funds Unrestricted funds 388,081 399.198 Total Charity funds 17 388,081 399,198 For the year ending 30 June 2022 the charity was entitled to ex¢tnption from audii ullder seciion 477 of the Companies Aet 2006 relating to srnall eompanies Trusl¢es' resp)nsibiliti¢s.' The members have noi required the charity obtain an audit of its fjnancial sratements for (he year in question in a¢¢ordance with seciion 476. The trusrees acknowledge their responsibilitics for complyng with the requirements of the Act with r¢spe¢t to accounting records and th¢ pr¢paration of financial statemet)ts These financial stat¢m¢nts hav¢ b¢¢n prepared in accordance with th¢ provisions applicable to companies subject to the small Cornpanies regLme. The notes on pagcs I I to 18 fonn part of these financi¥l statements
Worthing Community P4r¢nership Compsny Limited by Cu•rafjtee St#tement of Fin*neial Posittoth {coAtinued) Ye&r Ended 30 June 2022 These financial stat¢TnenlS arr to be approved by the board of mL5ttts authorised for i5we and will b¢ signed on behalf of ihe board by-. 2810312023 R Fokou Treasurtr The notes on pages I I to 18 foml part of these fwancial thternents 10
Worthing Community Partnership Company Limited by Guarantee Notes to the Financial Sthiements Year Ended 30 June 2022 l. Generxl In[rmatIon The charity is a privat¢ comp#ny limited by guaTantee. registered in England and Wales and a registered charity in England and Wa1¢5. The addre&s of the registered office is Town Hall, Chapel Roa4 Worthing, West Sussex, BNI I IHA, United Kingdom. 2. Statement of Compllance These FnanCIal statemen¢s have been prepared in accordattce with the C111t$ SORP: Staternent of Recommended Practice: Accouniing and Reporting by Chariti¢s preparing their accounts in accorda¢ wilh the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) 3. Accounting Policies Bssis of Preparation The fjnancial ststemenis have been prepared on the historical cosi basis, as modified by the revaluarion of certain financial assets and liabilities and invesDnent propcnies mwured at fair value through income or expenditure. The financial sthrenKnts arc prcparcd in stcrlinB, which Ès the functional CUfTency of the enitty. Going Concern There are no material uncerrainties at#)ut th¢ charity's ability to continue. Disc105ure Exemptions The entity satisfies ihe crit¢ria of Ing a qualified entity as defined in FRS102. As such. advantage has been taken of the following disclosure exeniptions available under pardgrapb 1.12 of FRS 102.. a) No cashflow ststement has been presentrd for the company Jvdgements and Key Sourcu of Estim#tlon Uncert#iDty The preparation of the finat)cial statements requires managemeni to make judgements. estimates and assumption5 thai affect the amounts r¢p)rt¢iL These eslimaks and Judg¢menL8 ate continually T¢vicwed and are based on experience and other factors. including eXlatiOnS of fuiure events that are believed to be reasonable under the ¢hrcums(ances. Fund ACcoting Unrestyicted filnds are availablc for at the discr¢u"oll of thc mLStrG8 th fiinhr.r nY nf ihr. eh%riry'% piiyse%. Designat¢d fvnds are unrestricied fimd5 rnk¢d by the tni%ttes fnr A particular project or Gommitsn¢nt. Restricied funds are subjected to rtstrictions on their eXpendire declared by the donor or through the ienns of an appeal and fall inro one of Thyo subcl&s5¢s.' restricted income or eAdowmenr funds
Worthing Community Partnershlp Compafty Limited by Cu#r*otee Notes to the Fin4neial Statements (eootinued) Year Ended 30 Junt 2012 3 Arcounting Polieies IfoTrliBued) Incomine Re50urees All incoming resources are included in the statement of [n(la} activities when th¢ eDtitlemeni ha5 pa5se(I to the. charity- li is probable that the economi¢ benefi associated with the transaction will tlow io the charity and ibe- arnDun¢ Can be reliably mea5ured...The following speciffrc tK)licies are applied ioparthcular categories 01 incoine.. Income from donations or 15 reco8nised when th¢re i5 evidence of eDiitlernellt to the gift. receipt is probable aTKI its aryjunt Can MllTed lIablY Legacy intome is recognisa when receipt is probable and titlement is e5tsblished IDcome from donated goods is measur&4 at the fair value of the good5 un]&ss this is impractical rriea5ure '. reliably, in which case the value is derived from ihe c051 to the donor or the eslimated resale value. Douaied focilities and services are rKogni5ed itt ihe ac¢oynts when received if the value Can be ttliably measured. No 8tnounts are included for the contribution of general volunteers. Income from contracis for the supply of 5ervice5 15 rtcogBi5cd with the delivery of the ¢ontsa¢ted seryi¢e. This is ¢la5sifLed as UTLtestric¢ed fullds unless there ts 8 Contractual Thiuirement ltsr it ro be spent on a particular purpost and rehjmed If unspeni in which case it May be regdrded as restricted. Resource5 Expended Exp¢ndittJre is recognised on an accruals basis as a liabiliry in incued. Expendittjre includes any VAT whicli ¢anDQi be fvlly recovered and is classified under headings in the steMent of financial activities 10 which it rtlaies. Expenditure on raising funds include5 the costs of all fvndraising a¢tivities. ¢vent4 non-charitable trading activities and the sale of donated 8)d$. Expenditure on charitable activities include5 all costs incurred by a thariry in undertaking acliviiies that further its charitable 8tms for the benefit of ts benefictaries, including those 5UPPOrt costs and costs relating to ihe goveman¢e of the charity apmoned ¢0 clwitsble a¢tivities. Oth¢r expendittJTe includes all expendittut that 15 neither Teiated to rnisiDg fvnd5 for the charity nor part of its expenditure on charitable a¢tivities. All costs are allocaied to extthlifvre categories reflting the vse of the resource. Direct ¢os(s attrtbutable to a 5illgle activity are allocated dictlY to that activity. Shared eosts are apportioned beeen th¢ activiries they contribute io on a reason8bl< justifiable gnd wnsistent basis. T8ngible Assets Tangible assets are inilially recorded at cos¢ and subwuenily stated ai cost les$ any accumulated depreciation and impairnient losses. Any tangible as5¢ts caTri¢d at revalued amounts are retorded at the fair value at the date (Trf revaluation le55 any subsequent ac¢umulai>l depreciation and irnpairment Ioss¢S. An incr¢ast in th¢ carrying amount of an asset 05 a result of a revaluation is rttognised in other recognised gains. and 105ses, unles5 It reverses 3 charge for impainnent ihat has previously bt¢n Tecognis¢d as expendih]re within rhe statement of financial acrtvit¢es. A de¢reas¢ in ille carrying amount of an asset as o result of revalualion 15 recognistd in other recognised gains and losses, excepl to which it offsets any pr¢viou5 revaluation gain. in which s¢ the Ioss 15 shown Within other recogDised gains and105S¢5 on the staiemenr of finattcial activities. 12
Worthlng Community Partnership Comp4ny Limited by Guarantee Note5 to the Fln*ii¢ial St•tsments {contlDued) Year Ended 30 Jut 2022 3 Accounting Policies Ic•niinued) '. Depreciation The charity does not depreciate freehold propeETy as il Ts expected to retsin its value over the period of ownership. Depreciauoji is calcula1 so as to Wri off thc cost or valuation of all asse4 less its residual value, over the use7 éwnomic life of ihat &%set as follows- Equiprn¢nt Improvetnents to property - 50% Strdigbt line - 2¢Y/• Straight lin¢ ImpairmeDI of Fixed Assets A review for indicators of impairnient is carried out ai each rep)rting date. with the recoverdble amount bein8 estimated where such indicators exist. Where the carryiD8 value exceeds the recov¢rabl¢ arnount, thc as5¢t ss iTnpaired accordingly. Prior itnpairments are also revi¢wed for possible reversal ai each reporting date. For ihe purposes of impairnient tcsting, when it is not POS5ible to estim2t¢ the r¢Verable amount of an individual ass¢L an esrimate is made of the recoverable amouni of the c&%h-gentfdting unit to which the assct belongs. The tash-gen¢rating unit is the smallest idenrifiable group of assets thar includes the asset and gen¢rat¢s cash inflows Ihat are largely independent of the cash int]ow5 from othcr assets or groups of assets. Fingncial Instruments A financial assei or a fancIal liability is recognised only when the clJaTiry becomes A party to the colltracDJal provisions of the instrument. Basic fjnancial instNments are initially recognised at the amount receivable or payable tn¢luding any related transaction costs. Current assets and current liabilities are subsequently measured at the cath or other considerdtion expecied to b¢ paid 01 received and not discounted. Debt instruments are subsequently measur #t amortised cosL Other financial instmments. inc1l)ng d¢rivatives. aTe initially Tecognised at fair value unless payment for an asser is deferred beyond norn)al business iemhs or financed ot a rdte of inttT¢St thai is noc marker rate. which c&se the assei is meJsured at thc present value of the future payments dtscounted ai a market rdte of interest for a similar debt insirnmenL Other flnancial instruments are subscquenily measur¢d at fair value. with any chaDg¢s recognlsed in the statement of financial activiti¢s, with the exception of hedging insltuments in a designated h¢dgin8 relatinnship. Financial assets that are measured at Cost or amortised cost are reviewed foi objective evidence of impairnient at the end of each r¢porting date. If there is objective evidence of impa1rnnl, an impairment loss is reconiSed under the appropriate h¢ading m the statement of fjnancial activities in w"Ch the initial gains was r¢¢obmised. 13
Worthing Community P8rtnership Company Limlted by Cuaraotee Notes to the Fln4n¢ial SttemtDts (continwed) Year Ended 30 Jmne 2012. 3 Aceounting Policies ItontiHud) For all equity instruments regardles5 of STgnifieance and other financial 3s5ets that are individually significant, thE5e are assessed individually for irnpaiTrneni. Other financial assets are either a55e55¢d individually or grouped on the basis of similar ¢redii risk characterisrics. Any reversals of impainnent are recog1)15 immedialy. to ihe extent that the rEYersal does noi mlt in a carrying amount of the financial a&set thar excee(Is what the ca[ng amount would have bten had the impaimient not previously been recognised. 4. Limited by Guarantee Th¢ cornpany L5 lilnited by 8uarantee )nd every member of the company undertakes to contribute #n tmount of £l!I to the ctsmpany's assets if it should be WOLmd up wh)le they a a member or within one year after they cease to bé member, tor the payment of tbe romp8rty's debts and liabilits"e5 eontracted before they cease to be a member and of the costs char8e5 and expenses of winding up and for the adjustment of the righ15 and contribulories amortg themselves. If the company is wound up. after all its debts and liabilittes have been satisfied there remains any property. it shall not be paid to or distributed arnongst the membETS of the ¢oThpany but it shall bc given or trarferred to Some other Charity or association having obje¢rs similar ¢0 the Obj15 of the ¢hari¢able COTnpany. 5. Donatiorts nd Legcies UnTe5trided Funds Resltided Funds Fund$ 2022 Dontions unrestricted Other income unre$tri¢tfd Designated legacy 640 48 Don4tion5 8nd Sponsorship restricted Community Chesi Recycling via Worthing Borough Council Popup recycling income 9.197 9,885 Unresiri¢ted Funds Restricted Funds Total Fund5 2021 DoTrat?&ll5 iiiirestrlcted 5.169 87 5.169 Other income llarestri¢ted Desigoated legey DTrnation5 and Sponsorship restricted Community Chest Recy¢ling wia Worthing Borough Coun¢il Pop-up r¢cycling income 7.915 56 7.915 14
Worthing CommunityP4rthershlp C•mp•ny Limited by CuarAnt No1¢5 to the Fittancilil Staiements (corttinued) Year Ended 30 June 2022 6. Ch¥Tlt8ble Activliie5 Total funds 2022 Totsl funds 2021 Unrestricied Unrestricted funds Rcnt SeNice Charge 36,999 36,999 36,999 36,999 SeNice charge recharged 15,449 to Ver seryice charge recharged costs -17 266 Shortfall Iransferred to major repairs designated fvnds 15.449 -1.817 35.182 43,750 43,750 Seryice charge IT0e is a recharge of serrice charge costs in¢urred on behalf of the ienant and reimbutsed from the service charge. The sU[uS transferr¢d to the major repair fund is shown as revenue and shortfall as cost. Investment Income Total funds 2021 Total funds 2021 Unrestrlcd funds Unrestri¢ied funds Bank interest receivable 48 48 87 87 7. Expenditure Charitable Activities by Activity Type ActÈvitLes undertaket) directly SupTr cos Total fuDds Total funds 21122 2021 Charity SUPIM)rt costs Community Cheu Granis Partnership funding Less prior year unclaimed gr3n¢s Governance Costs 21.766 21,766 29.769 17,824 23,609 2,0(Ml -5,327 893 38.999 29.769 4.649 29,769 26.415 56,184 The organisation5 Ihat bcnefittcd frIHn Community Chesi Grdnts and Pathership awards during the year were.. The Weldem¢ss CIC Farring Villag¢ Fahr Worthiness Row Fair Chestnut Community Group Jn¢liiqive Alt% Highdown Kotary Ikrailed Film Club St. Andrew School Billy&Bcyond CIC The Wonhing Socicry Dad La Soul VRIDigitsl project Trnrtsition Town Star Physio CIC Worthing Carerq Day Treasure Basket Association Worthing Cissbury Division Rangers StarPhysio Community Inierest Company Steve Southw¢ll Dad La Soul- TorRockillBeaL% Womthole Events CIC Dementia Friendly Worthing .Worthin8 Table Tennis Club Cycall CIC .Worthitt8 Allotmeni Group iovejoy Dcmcntia Active Worthin8 CIC Gr¢¢ll Tides Thc Iluib"1r Ruad Allotnl CIC Andy's Angfls gound C&stle CEC Worthing Blueprint 22 Friends of Lyons Farni 15
Worthihg Community Parthership Company Limited by Gwr4Dtee Notes to the Fin#nciAI Stwtem¢nts (eDrttinued} Year Ended 31? Jufte 2022 8. Analysis olsupport Costs Untesrricted fijnds Tots12022 Total 202L. Siaff costs 0t¢ 10) Printing, postsge. misce113neous office supplies. Stationery Advrrtising, marketing aTh4 promoti¢)ns Aecounrin& insurance, legal and compliance Training. travel and meeting costs IT and sub5rriptsons Dq)re¢iation 18.835 195 1&83S 195 144 4,500 290 451 2.0011 26.415 14,240 -.1.257. 4.500 290 451 2.000 26.415 893 9. Independent ex#JJination Fees 2022 Fee Payable to the Independeni Examiner for.. Independent Ex8minaiion of the Ststements 600 o(y) Th¢tr standard charge oF£600 is 10 be made for the yw ended June 2022. IQ. Staff Costs The total staff ¢o5ts and employee tnefits for ihe reming petiod are analysed follows.. 2022 Wages and salaries Pensions Total Staff Costs 17.1162 973 18,835 973 14.240. The average head count of employees during the year was two. The average number of ]l-time equivalent ernployee5 was one and half for 2022 and orte for 2021. A Workplace Pension Scheme, with minimum legal requirement of 8Yo since April 2019 of which the employer is only obliged to pay 3% is in plact. 2022 2021 Nurnber of staff 11. Trustee Rtmuntration 2nd Eypenses The charitable Ctsrnpany relies upon and greatly appreciates the goodwill, time and ¢xpertt"8e offered by all volynie•s. No remynerdlion or other benefits frn eo)ployment with the charity or a related entity w¢r¢ received by truslee5 or other voSunieeEs. 16
Worthing Communlty Partnershlp Company Llmittd by Gy#r*ntee Notes to the Finaneial Statements (tODtiDued) Year Ended 30 June 2022 12. Tangible Fixed Asset$ Land and buildings Improvements to Property Fquipment Totul Cost Ai l Jul 2021 Additsons in year 30 Jun 2022 311.379 3.047 61,154 375,580 311.379 3,047 61.154 375 580 DepreciaÈii)n Ai l Jul 2021 Charge for the year AI 30 June 2022 3,047 55.154 2,000 58.201 i.047 57,154 60,201 Carrying Amount At 30 June 2022 311,379 311,379 Depreciation w&% ¢harged ar 20% it) the year on improvements work that was completed in June 2019 13..Debtors 4,000 315,379 At 30 June 2021 6.000 317,379 2022 2021 RY¢lIng in¢om¢ d¢btor Other Debtors Other pmperty debtors and prepaym¢nLS Total Debtors 3.000 3,242 3.293 567 7,282 6242 14. Creditors: amounts falling due within oThe year 2022 2021 commulry Chest grants awarded yet paid Loan repayment due within one year OthÈr creditOf5 and accrnals . Total Cr¢diiors 2S,803 333 600 26,736 16,553 2.(K)O 2,259 20.912 IS. Creditors: aMOuts falling due within year 2022 2021 Loaii repayments 333 The Primary Care Trust loaTh¢d the charitsble company £40.(K)O towards the purchase of the building and this 1$ b¢ing repaid over 20 years by a deduction from the annual rent received from the rnjsi which is attached to a 20 . year lease. Th¢ balance due the Primary Car¢ Tnl (NHS) iDcludcd abov¢ is made up of £.113 ill due within one year. 17
Worthing Communlty Prthership Compny Limiled by Guirantoe Notes to the Fin•nfial Statements (cootlotd} Year Ended 30 June 2022 16. Anlysi5 of ChAritsble Fund5 UnrestriclEd funds At l July 2021 At 30 Jun¢-. i Incorne Expenditure Transfer5 General funds Designat¢d repairs fvnd Designated 3 tTJOnth fund Transfer io cover restri¢ted shortf811 406J66 37.687 24J74 1.817 7299 -38.841 399.198 35.870 -26,415 417,638y. 7.,299.. -20,572 20,572 -26.415 388.081 Restricted funds At l July 2021 At 30 Jupe 2022 Income Expenditure TT¥nsfers Community Chest Grani fimd Transfer to cower reslncted shortfall - 38,841 38.841 9,197 -29.769 -59.413 59,413 20,572 20.572 9.197 29.769 Re¢ycltng iftcome fvnds th¢ Comtnunity Chest Restricted fvnd from which the ¢haritgble company makes awards of small grdnts up to £1.500. Grass roots grJnts of up to £750 and Seed grants of up 10 £250 to help local communjry groups projects and local events. A IT# of the organisation5 benefilling from awards in the past ycai is in note 7 10 these finaDcial ststements. Further detsijs are alIable on request. 18