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2021-02-28-accounts

Company Registration Number 04329558 Charity Number 1100674

WISBECH COMMUNITY DEVELOPMENT TRUST (A Company Limited by Guarantee)

Unaudited Financial Statements

for the year ended

28 February 2021

WISBECH COMMUNITY DEVELOPMENT TRUST

Index

for the year ended 28 February 2021

Legal and Administrative Information 1
Trustees' Annual Report 2 - 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 - 19

WISBECH COMMUNITY DEVELOPMENT TRUST

Legal and Administrative Information

for the year ended 28 February 2021

Trustees T J Jordan Chair (Appointed Chair on 11 November 2020)
S L Cawthorne (Resigned Chair on 11 November 2020)
J M Hubbard Deputy Chair (Appointed Deputy Chair on 11 November 2020)
Mrs P A Brown (Resigned Deputy Chair on 11 November 2020)
L W Purt Treasurer
Mrs A C Gilliatt
D J McLuskie
Miss H J Thirlwell
Miss S J Mears (Resigned 11 November 2020)
Mrs M J Wicklen
C M S Goad
A S Maul
Cllr S Wallwork (Appointed 9 September 2020)
C E Suckling (Appointed 10 March 2021)
Mrs C F E Ziebart (Appointed 1 October 2020)
W E Rackley (Resigned 9 September 2020)
Registered office The Oasis Community & Children's Centre
St Michael's Avenue
Wisbech
Cambridgeshire
PE13 3NR
Accountants Moore Thompson
Bank House
Broad Street
Spalding
PE11 1TB
Bankers National Westminster Bank Plc
1 Market Place
Wisbech
Cambridgeshire
PE13 1DT
Investec Bank Plc Scottish Widows Bank
2 Gresham Street 67 Morrison Street
London Edinburgh
EC2V 7QP EH3 8YJ

WISBECH COMMUNITY DEVELOPMENT TRUST

Trustees' Annual Report

for the year ended 28 February 2021

The trustees, who are also directors for the purposes of the Companies Act, have pleasure in presenting their report and the financial statements of the charitable company for the year ended 28 February 2021.

INTRODUCTION

Wisbech Community Development Trust was registered as a charity on 13 November 2003. These financial statements cover the year ended 28 February 2021, with the comparatives covering the year ended 29 February 2020.

LEGAL STATUS

Wisbech Community Development Trust is a company limited by guarantee with no share capital, which was incorporated on 27 November 2001 and is registered in England and Wales as a charity (charity number 1100674, company number 4329558).

OBJECTIVES OF WISBECH COMMUNITY DEVELOPMENT TRUST

The objectives of the company as set out in the Memorandum of Association are as follows:

ORGANISATION

The charitable company is governed by a Board of Trustees comprising:

Training is provided to keep trustees up to date with new legislation on a regular basis.

RISK MANAGEMENT

The Board of Trustees has conducted its own review of the major risks to which the charitable company is exposed and systems have been established to mitigate those risks. Significant external risks to funding have led to the development of a strategic plan. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of Wisbech Community Development Trust.

INDEMNITY PROVISIONS

Qualifying third party indemnity provisions are in force for the directors throughout the year and remain in force.

FINANCIAL CONTROLS

The Board of Trustees control the financial affairs of the charitable company.

WISBECH COMMUNITY DEVELOPMENT TRUST

Trustees' Annual Report

for the year ended 28 February 2021

REVIEW OF DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS

Although The Oasis Community & Children’s Centre was in use from March 2005, it was officially opened by Her Royal Highness, The Princess Royal on 16 November 2005. The Centre is part of phase 1, model 1 for Children Centres and incorporates a Nursery which caters for children up to 5 years old. The Centre has become a focal point for many services which cover the Waterlees area as well as being a Community Centre for the whole of Wisbech.

The Trust negotiated with Cambridgeshire County Council to take on the day to day running of the Nursery on behalf of the Trust and this was with effect from 1 April 2007. The Nursery is open Monday to Friday, 8am to 6pm. This is run by a team of dedicated and qualified staff. It provides full day care places for 3-5 year olds and also 2 year olds who are entitled to free government spaces. It also has crèche facilities to support courses in the Children’s centre.

OUR REGULAR USERS OF THE COMMUNITY CENTRE DURING THE FINANCIAL YEAR

This has been a difficult year, as it has been for many because of the COVID-19 Pandemic. This forced the Centre to close for the first time on 24 March 2020. Initially this was until July, but the Centre was forced to close again due to government restrictions. This meant that for the majority of the year, there were no groups active at the Centre, especially until September 2020. From September, some of the 1:1 students returned, as did some of the other educational groups.

These are the groups that were active in March 2020 and we hope they will all return after the restrictions have been lifted.

Age UK Day Centre

This group attends every Wednesday, Thursday and Friday. Age UK uses Vic Lodge as a Day Centre facility for the elderly and frail. In the room they use there are coffee bar facilities which makes a relaxed atmosphere. They do a whole range of activities for all the group to join in with.

Fenland Shotokan Karate Club

Meet every Monday evening, 5:30pm to 6:30pm for Juniors and 6:30pm to 7:30pm for adults. These classes are run by fully qualified and insured instructors, with years of experience, where the emphasis is to learn through fun. No joining fee and the first lesson is free. Everyone works towards the different levels but also have fun whilst learning.

PHAB

This group is for disabled and non-disabled people to meet every fortnight on a Tuesday evening, 7:30pm to 9:30pm. They do a whole range of activities both within the Centre and also outside.

Pulmonary Rehab

This is a referral group which meets every Tuesday and Thursday, 10:00 am to 12:00 noon and they do lots of different exercises to get the heart pumping.

Over 50's Social Group

This is a group for the over 50’s and they meet every Thursday afternoon 2:00pm to 4:00pm and do a mixture of activities which you can take part in and hence the name of the group. Everyone is welcome to drop in and meet the group, to see if this something they would like to be a part of.

Craft Groups

We have a social Craft & Chatter group that meets every Tuesday 9:30am to 11:30am and they teach each other a range of different crafts.

DriveTech

Numerous courses for Driver Awareness training and these occur a three times a month.

WISBECH COMMUNITY DEVELOPMENT TRUST

Trustees' Annual Report

for the year ended 28 February 2021

OUR REGULAR USERS OF THE COMMUNITY CENTRE DURING THE FINANCIAL YEAR (continued)

Falls Prevention

Everyone’s Health offer 1:1 sessions for people who have been identified as a risk of falling and these referrals come from the local GP surgeries. These sessions happen every Monday.

Weight Management

Everyone’s Health run weekly weight management session on a Tuesday evening and they offer both 1:1 sessions and group sessions. The individuals are identified by the local GP surgeries.

Yoga

This group meets every Tuesday 1:00pm to 2:00pm and 2:15pm to 3:15pm and both are well attended. It has also attracted several males to the group, who state that this has helped with their health & wellbeing.

Family Fitness Sessions

This group is run by Active Fenland and it encourages families to have fun whilst exercising and they meeting every Tuesday (during term time) 4:00pm to 5:00pm.

Friends of Waterlees

This group meets every Friday 10:00am to 12:00 noon and it is a volunteer gardening group, run by People & Animals to encourage local residents to be actively involved in gardening projects on the ward.

Job Club

Clarion run a weekly job club every Wednesday 10am to 3pm and they will help you back into work, by offering support and training opportunities.

Toast 2

This group is run by People & Animals and was initially for people suffering from social isolation, but now residents often bring their dogs who need to socialise with other dogs. They meet every Thursday 4:15pm to 5:15pm and also have craft activities for everyone to have a go at.

Labour Party Meetings

The local Labour Party holds their monthly meetings here.

Mega Messy

This group meets once a month on Fridays, 10:30am to 11:30am and it is for mums with young children to encourage them to play with all different materials.

Diabetic Prevention

These sessions are to help those who are at risk of developing Diabetes and sessions are both 1:1 and group work.

Youth of Fenland

This group meets bi-weekly on a Friday evening and they organise lots of activities for the young people, it covers 8 to 13 year olds. This group is helping the local youth grow in confidence and self-esteem.

People & Animals

They run various sessions which range from supporting their volunteers to extra dog therapy sessions for selected groups.

Neighbourhood Community Forum

These are held every three months and it enables the public to ask questions of representatives from the strategic organisations. The Oasis Centre Manager chairs these meetings to ensure that it is non-political.

WISBECH COMMUNITY DEVELOPMENT TRUST

for the year ended 28 February 2021

Trustees' Annual Report

OUR REGULAR USERS OF THE COMMUNITY CENTRE DURING THE FINANCIAL YEAR (continued)

1:1 sessions & Confidence Courses

NT&AS run some 1:1 sessions for teenagers to support them through their schooling. The Trust have obtained various grants to provide Confidence Building courses, which attract people from all over Wisbech and the surrounding villages and teaches them coping strategies.

Conferences and meetings

We have an assortment of facilities which accommodates small meetings, large meetings or conferences. We also provide refreshments and buffets lunches. The Centre is easy to find and has car parking facilities.

The Centre now has its own Micro Library and this is free to join, you can borrow up to 3 books a time. We are constantly adding to the selection of books, which caters for all ages.

The Centre have provided Information, Advice and Guidance (IAG) to local residents and have assisted them with many of their issues, or signposted them to other organisations, where necessary. Staff have also been working very closely with Clarion to help sort out a variety of residents problems.

LOOKING FORWARD

Although the Trust employs a small team to run the day to day operations of the Centre, this team has made an impact and they are keen to promote the Centre for the use of local people. The Centre Manager is also working with local partners to secure funding to hold a variety of activities to benefit the local community. These include Family Fun days, theme events as well as further learning opportunities. The most popular courses have been the Confidence Building Courses, which have enabled residents to move onto either further education courses, training or into employment.

We are continuing to work with Clarion, Anglian Water, Cambridgeshire County Council and Fenland District Council to look at the possibility of extending the current Oasis Centre, to include a Multi-purpose Sports Hall, with sprung flooring, a Community Café area and a youth room. These are all areas that the community has highlighted as facilities that they would like, but we currently cannot accommodate in the current format of our rooms. We are in discussion with CCC re leasing their land beside the current site and once we have this secured, we can apply for planning permission and funding. We did consult with the community 9 years ago and they told us that is what the area needed and during our recent consultation, the local residents confirm that this is still the case.

Going Concern

The Oasis Centre has been affected by the COVID-19 Pandemic, like all Community Centres and we will be working hard with partner organisations and local residents, to re-instate group activities as soon as it is safe to do so, within government guidelines. This will have an effect on the income for the Trust in the next financial year.

THE TRUSTEES

The Trustees who served the charitable company during the period are listed on the legal and administrative information page, on page 1.

WISBECH COMMUNITY DEVELOPMENT TRUST

Trustees' Annual Report

for the year ended 28 February 2021

TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Wisbech Community Development Trust 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 which 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:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

PUBLIC BENEFIT

The trustees have considered the Charity Commission's guidance on public benefit and believe that the objects of the trust and the activities undertaken support this public benefit.

The trustees consider that the full details of the public benefit have been displayed within the review of activities and the future development planned.

INDEPENDENT EXAMINER

A resolution to re-appoint Mr K J Maggs of Moore Thompson as independent examiner for the ensuing year will be proposed at the annual general meeting.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Signed by order of the Trustees

T J Jordan - Chair

Approved by the Trustees on 10 November 2021

Independent Examiner's Report to the trustees of the WISBECH COMMUNITY DEVELOPMENT TRUST

I report to the charity trustees on my examination of the accounts of the charity for the year ended 28 February 2021 which are set out on pages 8 to 19.

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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

K.J. Maggs B.A., F.C.A. Moore Thompson Chartered Accountants Spalding

Date: 10 November 2021

-7-

WISBECH COMMUNITY DEVELOPMENT TRUST

Statement of Financial Activities (including Income and Expenditure account)

for the year ended 28 February 2021

Note
Income from:
Donations and grants
2
Charitable activities
3
Investments
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income / (expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11		 Unrestricted
Funds
£
36,714
89,791
85
126,590
93,509
93,509
33,081
(70)
33,011
136,506
169,517		 Restricted
Funds
£
15,156
-
-
15,156
32,761
32,761
(17,605)
70
(17,535)
1,341,006
1,323,471
2021		 £
51,870
89,791
85
141,746
126,270
126,270
15,476
-
15,476
1,477,512
1,492,988
Total
Funds		 2020
Total
Funds
£
19,988
107,516
85
127,589
138,774
138,774
(11,185)
-
(11,185)
1,488,697
1,477,512

All of the activities of the charity are classed as continuing activities.

The statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 10 to 19 form part of these financial statements.

WISBECH COMMUNITY DEVELOPMENT TRUST

Balance Sheet

At 28 February 2021

Note
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Amounts falling due
within one year
10
Net current assets
Total assets less current liabilities
Funds
Unrestricted
11
Restricted
10
Creditors:		 £
£
£
£
1,270,309
1,277,546
9,390
18,106
239,685
204,371
249,075
222,477
(26,396)
(22,511)
222,679
199,966
1,492,988
1,477,512
169,517
136,506
1,323,471
1,341,006
1,492,988
1,477,512
2021
2020		 £
£
£
£
1,270,309
1,277,546
9,390
18,106
239,685
204,371
249,075
222,477
(26,396)
(22,511)
222,679
199,966
1,492,988
1,477,512
169,517
136,506
1,323,471
1,341,006
1,492,988
1,477,512
2021
2020
1,477,512
136,506
1,341,006
1,477,512

The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime for the year ended 28 February 2021; the charity was entitled to exemption from audit under Section 477 of the Companies Acr 2006 (the Act) relating to small companies.

Directors' responsibilites:

These financial statements were approved and authorised by the Trustees on the 10 November 2021 and are signed on their behalf by:

T J Jordan - Chair

J M Hubbard - Deputy Chair

Company Number: 04329558

The notes on pages 10 to 19 form part of these financial statements.

WISBECH COMMUNITY DEVELOPMENT TRUST

Notes to the Financial Statements

for the year ended 28 February 2021

1. Accounting policies

General information and basis of accounting

Wisbech Community Development Trust is a company limited by guarantee registered in England and Wales. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The number of guarantors at 28 February 2021 was 14 (2020 - 13).

The address of the registered office of the charity is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities is the provision of a community centre for the inhabitants of Wisbech and the surrounding area.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Income recognition

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Financial Statements (continued)

for the year ended 28 February 2021

1. Accounting policies (continued)

Income recognition (continued)

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the bank.

Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Charitable activity expenditure is detailed in note 5 to the financial statements. These expenses are subcategorised between charitable activities, support costs and governance costs.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, computer costs, and bank charges. They are incurred directly in support of expenditure on the objects of the charity.

Governance costs are costs of charitable activities but those which relate to the governance and stewardship of the charity rather than directly to the activities themselves.

Fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Leasehold buildings - straight line over the term of the lease agreement
Equipment - 15% per annum reducing balance
Computer equipment - 25% per annum straight line
Nursery equipment - 15% per annum reducing balance

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Employee benefits

The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. The annual contributions payable are charged to the Statement of Financial Activities.

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

WISBECH COMMUNITY DEVELOPMENT TRUST

Notes to the Financial Statements (continued)

for the year ended 28 February 2021

1. Accounting policies (continued)

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

The useful economic life used to depreciate tangible fixed assets relates to the expected future performance of the assets acquired and management’s estimate of the period over which economic benefit will be derived from the asset.

The residual value of an asset is the estimated fair value of that asset at the end of its useful economic life and therefore is also dependent upon the estimation of that life span.

Historically, changes to the useful economic life and residual values have not had a material impact on the depreciation amount charge to the Statement of Financial Activities.

Cut-off is applied at the year end date. An estimation of income or expenditure applicable to the relevant period must be applied when the receipt or payment relates to a different period to the year end.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

WISBECH COMMUNITY DEVELOPMENT TRUST

Notes to the Financial Statements (continued)

for the year ended 28 February 2021

2. Income from donations and grants

Income from donations and grants
Total Restricted
Unrestricted Restricted Funds and Total
Funds Funds 2021 2020
£ £ £ £
Donations - 20 20 434
Grants:
Cambridgeshire Community Foundation - 11,381 11,381 -
Fenland District Council - Covid-19 36,714 - 36,714 -
Wisbech Town Council - 500 500 500
Local government grants 36,714 11,881 48,595 500
Click Therapy - 1,222 1,222 4,118
People's Health Trust - 968 968 10,842
GRT Hub at the Oasis - 1,065 1,065 1,705
BEE.10 - - - 1,389
NEET Mums & Babies - - - 1,000
Institutional grants - 3,255 3,255 19,054
Total grants 36,714 15,136 51,850 19,554
Total donations and grants 36,714 15,156 51,870 19,988

3. Charitable activities income

Charitable activities income
Total Unrestricted
Unrestricted Restricted Funds and Total
Funds Funds 2021 2020
£ £ £ £
Provision of a community centre 49,069 - 49,069 107,516
Coronavirus Job Retention Scheme 40,722 - 40,722 -
89,791 - 89,791 107,516

4. Exceptional item

The Coronavirus Pandemic (COVID-19) had a massive impact on the charity during the financial year. In order to protect the centre and also to provide the safeguarding of jobs and welfare of staff members various grants were claimed to cover lost income and increased expenditure. The total amount of funding received in this respect amounted to £77,436.

5. Investment Income

Investment Income
Unrestricted
Unrestricted Restricted Total and Total
Funds Funds 2021 2020
£ £ £ £
Bank interest receivable 85 - 85 85

WISBECH COMMUNITY DEVELOPMENT TRUST

Notes to the Financial Statements (continued)

for the year ended 28 February 2021

6. Charitable activities expenditure
Charitable activities
Purchases
Community Plan Costs
Click Therapy
Waterlees in Bloom
Rates and water
Light and heat
Repairs and renewals
Refuse collection, laundry and cleaning
Insurance
Training
Sundries
Wages and salaries
National insurance
Pension cost
Depreciation
Support costs
Office costs
Computer costs
Bank charges
Governance costs
Total charitable activities expenditure
Independent examiner’s fees		 Funds
£
29
533
-
-
305
5,480
2,423
1,760
2,507
228
227
69,200
639
1,373
281
84,985
4,286
2,252
186
6,724
1,800
93,509
Unrestricted		 Funds
£
-
-
1,222
136
-
1,110
1,673
-
-
840
120
10,837
-
-
16,823
32,761
-
-
-
-
-
32,761
Restricted		 Total
2021
£
29
533
1,222
136
305
6,590
4,096
1,760
2,507
1,068
347
80,037
639
1,373
17,104
117,746
4,286
2,252
186
6,724
1,800
126,270		 Total Funds
2020
£
743
7,124
1,978
276
2,105
8,812
4,110
2,336
2,452
2,127
729
78,977
1,514
1,286
17,116
131,685
4,113
633
279
5,025
2,064
138,774

WISBECH COMMUNITY DEVELOPMENT TRUST

Notes to the Financial Statements (continued)

for the year ended 28 February 2021

7. Staff costs and employee benefits

The aggregate payroll costs were:

e aggregate payroll costs were:
Wages and salaries
Social security costs
Other pension costs		 2021
£
80,037
639
1,373
82,049		 2020
£
78,977
1,514
1,286
81,777

No employee received total employee benefits (excluding employer pension costs) of more than £60,000 in either the current or prior year.

The average number of staff based on average head count during the year was:

Full time
Part time		 2021
2020
No.
No.
1
1
6
6
7
7

The average number of staff employed equating to the full time equivalent during the year was:

Full time
Part time		 2021
2020
No.
No.
1
1
3
3
4
4

No amounts are payable to the trustees in respect of remuneration, benefits in kind or reimbursement of expenses.

8. Tangible fixed assets

At 1 March 2020
Additions
Transfers
At 28 February 2021
Depreciation
At 1 March 2020
Transfers
Charge for the year
At 28 February 2021
Net book value
At 28 February 2021
At 28 February 2020
Cost		 Leasehold
property
£
1,493,859
-
-
1,493,859
227,248
-
15,260
242,508
1,251,351
1,266,611		 Equipment
£
60,906
-
(914)
59,992
53,245
137
896
54,278
5,714
7,661		 Computer
equipment
£
84,804
9,867
914
95,585
84,804
(137)
457
85,124
10,461
-		 Nursery
equipment
£
37,285
-
-
37,285
34,011
-
491
34,502
2,783
3,274		 Total
£
1,676,854
9,867
-
1,686,721
399,308
-
17,104
416,412
1,270,309
1,277,546

WISBECH COMMUNITY DEVELOPMENT TRUST

Notes to the Financial Statements (continued)

for the year ended 28 February 2021

9. Debtors

Trade debtors
Prepayments
Grants receivable
reditors: Amounts falling due within one year
Trade creditors
Taxation and social security
Accruals and deferred income		 2021
£
8,203
1,187
-
9,390
2021
£
3,843
1,022
21,531
26,396		 2020
£
15,383
1,334
1,389
18,106
2020
£
2,804
1,199
18,508
22,511

10. Creditors: Amounts falling due within one year

11. Statement of funds

Movement in resources

£
Designated funds
Defibrillator fund
368
Building emergency maintenance
75,000
General funds
General fund
61,138
Total unrestricted funds
136,506
Restricted funds
Oasis Community Centre
1,340,241
New Extension fund
234
Sports equipment fund
215
Hearing loop equipment fund
151
Click Therapy
-
CCF IAG
-
GRT Hub at the Oasis
-
Anglia in Bloom fund
165
Peoples Health Trust
-
Total restricted funds
1,341,006
Total funds
1,477,512
Balance at 1
March 2020		 Incoming
£
-
-
126,590
126,590
-
20
-
-
1,222
11,381
1,065
500
968
15,156
141,746		 Outgoing
£
(55)
-
(93,454)
(93,509)
(17,701)
-
(32)
(23)
(1,680)
(11,381)
(840)
(136)
(968)
(32,761)
(126,270)		 Transfers
£
£
-
313
-
75,000
(70)
94,204
(70)
169,517
(458)
1,322,082
-
254
-
183
-
128
458
-
-
-
70
295
-
529
-
-
70
1,323,471
-
1,492,988
Balance at 28
Feb 2021		 Transfers
£
£
-
313
-
75,000
(70)
94,204
(70)
169,517
(458)
1,322,082
-
254
-
183
-
128
458
-
-
-
70
295
-
529
-
-
70
1,323,471
-
1,492,988
Balance at 28
Feb 2021
169,517
1,322,082
254
183
128
-
-
295
529
-
1,323,471
1,492,988

WISBECH COMMUNITY DEVELOPMENT TRUST

Notes to the Financial Statements (continued)

for the year ended 28 February 2021

11. Statement of funds (continued)

Analysis of net assets


Designated funds
Defibrillator fund
Building emergency maintenance
General funds
General fund
Total unrestricted funds
Restricted funds
Oasis Community Centre
New Extension fund
Sports equipment fund
Hearing loop equipment fund
GRT Hub at the Oasis
Anglia in Bloom fund
Total restricted funds
Total funds		 £
313
-
11,008
11,321
1,258,677
-
183
128
-
-
1,258,988
1,270,309
Tangible
fixed assets		 £
-
75,000
98,952
173,952
63,405
254
-
-
1,545
529
65,733
239,685
Cash and
bank		 £
-
-
(15,756)
(15,756)
-
-
-
-
(1,250)
-
(1,250)
(17,006)
Other net
assets		 Total
£
313
75,000
94,204
169,517
1,322,082
254
183
128
295
529
1,323,471
1,492,988

Defibrillator fund - This represents funds raised through charitable activities that have been ring fenced by the trustees #for the provision and maintenance of a defibrillator for use at the centre. A new defibrillator was purchased in 2014, the resources expended represent the depreciation being charged in the year on this equipment. This is unrestricted but relates to designated funds.

Building emergency maintenance fund - This represents funds designated from general funds to be reserved for the exceptional maintenance of the community centre. These funds remain unrestricted and are used at the discretion of the trustees.

Oasis Community Centre - This represents funding received on the planning and construction of the new community centre. The resources expended represent the depreciation being charged in the year on the fixed assets acquired and in use as part of the project.

New Extension fund - represents funds raised for the purpose of building an extension to the current property. Any deficit would ultimately be funded from unrestricted funds and any surplus would result in something extra being added to the extension.

Sports equipment fund - This represents funding received to purchase indoor sports equipment. The resources expended represent the depreciation being charged in the year on this equipment.

Hearing loop equipment fund - This represents funding received to purchase hearing loop equipment. The resources expended represent the depreciation being charged in the year on this equipment.

Click Therapy Fund - These represent grant funding and fund raising to run a six week confidence building and well being course. This was achieved by improving photography skills in a social environment.

CCF - IAG - Cambridgeshire Community Foundation – represents a Grant for Information, Advice and Guidance. Any deficit would be funded out of unrestricted funds but was fully spent by the end of March

WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Financial Statements (continued)

for the year ended 28 February 2021

11. Statement of funds (continued)

GRT at the Hub - represents Cambridgeshire County Council funds to provide a member of staff to deliver a project to the GRT community. This project was delayed due to COVID and will be ongoing in the next financial year, but should be spent by November 2021. Any surplus will need to be repaid to Cambridgeshire County Council and any deficit will be funded out of unrestricted funds.

Anglia in Bloom fund - This represents funding received from Wisbech Town Council for the Waterlees in Bloom project. The resources expended represent costs incurred on the Anglia in Bloom

Peoples Health Trust - This represents funding received as part of a two year project to recruit twenty local residents to become Community Champions with the aim of producing a Community Plan based on information collected from the residents of Waterlees. The resources expended represents the costs incurred to date on this project.

CCF - Tampon Tax represents funds from Cambridgeshire Community Foundation and Swan Project, working with Fenland District Council. This project was delayed due to the COVID-19 Pandemic but had been started in August 2021 and needs to be completed by December 2021. Any surplus funds will need to be returned to CCF and any deficit will be covered by unrestricted funds. This fund is to finance tutor costs for Yoga and Confidence Courses, including room hire, refreshments and consumables.

12. Control relationship

The charity is controlled by the trustees jointly and no individual can or does exert control over the others.

13. Fund comparatives

Donations and legacies
Charitable activities
Investments
Total income
Charitable activities
Total expenditure
Net expenditure
Expenditure on:
Income from:		 Unrestricted
Funds
£
-
107,516
85
107,601
96,127
96,127
11,474		 Restricted
Funds
£
19,988
-
-
19,988
42,647
42,647
(22,659)
2020		 Total
Funds
£
19,988
107,516
85
127,589
138,774
138,774
(11,185)

WISBECH COMMUNITY DEVELOPMENT TRUST

Notes to the Financial Statements (continued)

for the year ended 28 February 2021

13. Fund comparatives (continued)

Movement in resources

Incoming
£
£
Designated funds
Defibrillator fund
433
-
Building emergency maintenance
75,000
-
General funds
General fund
49,599
107,601
Total unrestricted funds
125,032
107,601
Restricted funds
Oasis Community Centre
1,355,437
1,389
New Extension fund
-
234
Sports equipment fund
253
-
Hearing loop equipment fund
178
-
Click Therapy
1,339
4,318
NEET Mums & babies
-
1,000
GRT Hub at the Oasis
-
1,705
Anglia in Bloom fund
149
500
Wisbech Grammar School
527
-
CCC Reach grant - Skate Park
350
-
Peoples Health Trust
5,432
10,842
Total restricted funds
1,363,665
19,988
Total funds
1,488,697
127,589
Analysis of net assets
£
Designated funds
Defibrillator fund
368
Building emergency maintenance
-
General funds
General fund
2,279
Total unrestricted funds
2,647
Restricted funds
Oasis Community Centre
1,274,533
New Extension fund
-
Sports equipment fund
215
Hearing loop equipment fund
151
Anglia in Bloom fund
-
Total restricted funds
1,274,899
Total funds
1,277,546
Tangible
fixed assets
Balance at
1 Mar 2019		 Outgoing
Transfers
£
£
(65)
-
-
-
(96,062)
-
(96,127)
-
(16,585)
-
-
-
(38)
-
(27)
-
(5,657)
(1,000)
-
(1,761)
56
(484)
-
(471)
(56)
(350)
-
(16,274)
-
(42,647)
-
(138,774)
-
Cash and ba
£
£
-
-
75,000
-
63,264
(4,405)
138,264
(4,405)
65,708
-
234
-
-
-
-
-
165
-
66,107
-
204,371
(4,405)
Other net
assets		 Balance at
£
368
75,000
61,138
29 Feb 2020
136,506
1,340,241
234
215
151
-
-
-
165
-
-
-
1,341,006
1,477,512
Total
£
368
75,000
61,138
136,506
1,340,241
234
215
151
165
1,341,006
1,477,512