Moore Thompson Trusted Advisers Chartwed Accountants Company Registration Number 04329558 Charity Number 1100674 WISBECH COMMUNITY DEVELOPMENT TRUST (A Company Limited by Guarantee) Unaudited Financial Statements for the year ended 29 February 2024 tuilding
WISBECH COMMUNITY DEVELOPMENT TRUST Index for the year ended 29 February 2024 Legal and Administrative Infonnation Trustees. Annual Report Independent Examinerfs Report ststement of Financial Activities Balance Sheet Notes to the Flnancial Statements 10-19
WISBECH COMMUNITY DEVELOPMENT TRUST Legal and Administrative Information for the year ended 29 February 2024 Trustees T J Jordan S L Cawthorne J M Hubbard Mrs P A Brown LWPurt Mrs A C Gilliatt Miss H J Thirlwell Mrs M J Pittock CMSGoad Cllr S Wallwork C E Suckling Mrs C F E Ziebart Mrs L-J Bannister Cllr L C Foice-Beard J L Burton Chair Deputy Chair {resigned 8 November 2023) (deceased 2 October 2024) (resigned 7 May 2024) Treasurer (resigned 1 July 20231 (resi9ned 2 October 2024) (appointed 1 July 2023) (appointed 8 November 2023) Registered office The Oasis Community & Children's Centre St Michael's Avenue Wisbech Cambridgeshire PE13 3NR Accountants Moore Thompson Bank House Broad Street Spalding PE111TB Bankers National Westminster Bank PIC 1 Market Place Wisbech Cambridgeshire PE13 1DT Investec Bank PIC 2 Gresham Street London EC2V 7QP Scottish Widows Bank 67 Morrison Street Edinburgh EH3 8YJ
WISBECH COMMUNITY DEVELOPMENT TRUST Trustees. Annual Report for the year ended 29 February 2024 The truslees, who are also directors for the purposes of the Companies Act, have pleasure in presenting their report and the financial stalements of the charilable company for the year ended 29 February 2024. INTRODUCTION Wisbech Community Development Trust was registered as a charity on 13 November 2003. These financial statements cover the year ended 29 February 2024, with the comparatives covering the year ended 28 February 2023. LEGAL STATUS Wisbe¢h 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- la) To promote for the benefit of the inhabitants of Wisbech and the surrounding area the provision of facililies for recrealion or other leisure time occupation of individuals who have need of such facilities by reason of their youth. age, infirmity or disablement, financial hardship or social and economic circumstances or for the public al large in Ihe interests of social welfare and with the object of improving the conditions of life of the said inhabitants. {bl To establish or secure the establishment of a community cenlre and to maintain and manage the same in furtherance of the objects of the company. ORGANISATION The chantable company is govemed by a Board of Trustees comprising: at least five but not more than ten Communily Members., up to four persons nominated by each of Fenland District Council, Cambridgeshire County Council, Educational Establishment and the local NHS Trust- up to three persons representing organisations which use the facilities of th8 company., no more than two persons who may be but need not be members of the company, COwOPted by the Board of Trustees. Training is provided to keep trustees up to date with new legislation on a regular basis. RISK MANAGEMENT The Board of Trustees has conducted ils own review of the major risks to which the charitable company is exposed and systems have been established to mitigate those risks. Significant extemal risks to funding have led to the developmenl of a strategic plan. Internal risks are minimised by Ihe 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 lo ensure that they still meet the needs of Wisbech Community Development Trust. RESERVES POLICY It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six monlhs expenditure. INDEMNITY PROVISIONS Qualifying third party indemnity provisions are in force for the directors throughout the year and remain in force.
WISBECH COMMUNITY DEVELOPMENT TRUST Trustees. Annual Report for the year ended 29 February 2024 FINANCIAL CONTROLS The Board of Trustees control the financial affairs of the charitable company. 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 Cenlre is parl 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 foGal Fxiint 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 lake on Ihe 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 slaff. It provides full day-care places for 3-5 year olds and also 2 year olds who are entitled to free government spaces. OUR REGULAR USERS OF THE COMMUNITY CENTRE DURING THE FINANCIAL YEAR This has been another difficult year. as it has been for many because of the COVID-19 restrictions still being in place, on and off during the period. These are the groups that retumed after restrictions were lifted. A e UK Cambrid eshire and Pelerborou This group attends every Monday, Wednesday, Thursday and Friday. Age UK Cambridgeshire and Peterborough uses Vic Lodge as a Day Centre facility for the elderly and frail. In the room they use it has 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. These classes are run by fully qualified and insured instruGlors, with years of experience. where the emphasis is lo leam 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 forlnighl on a Tuesday evenin9, 7=30pm to 9'.30pm. They do a whole range of activities both within the Centre and also outside. Pulmona Rehab This is a referral group which meets weekly on a Monday and Wednesday aftemoons, 12.30pm- 4.30pm and on a Wednesday morning once a fortnighl. They do lots of different exercises to get the heart pumping and mainly work with COPD clients. Over 50's Social Grou This is a group for the over 50's and they meet every Thursday aftemoon 1.30pm to 3.30pm 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. Crafl Grou 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.
WISBECH COMMUNITY DEVELOPMENT TRUST Trustees. Annual Report for the year ended 29 February 2024 OUR REGULAR USERS OF THE COMMUNITY CENTRE DURING THE FINANCIAL YEAR {continued) Wei ht Mana emenl Healthy You run weekly weight management session on a Wednesday through 1..1 sessions. The individuals are identified by the local GP surgeries. Bul arian School This school meets every Saturday, during lerm time, 9.00am - 1.00pm, where children are taught Bulgarian and learn about their Iraditions. Yo This group meets every Tuesday 1.15pm- 2.15pm and 2.15pm- 3.15pm and both are we15 attended. It has also attracted several males to the group, who state thal this has helped with their health & wellbeing. All Sorts To ether This group is for anyone who is suffering from social isolation and you will be welcomed with a nice hot drink. They meet every Tuesday 2pm- 4pm and also have craft activities for everyone to have a go at. Me a Mess 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 wilh all different materials. Diabetic Prevention Healthy You run weekly Diabetic 1..1 sessons on a Thursday. The individuals are identified by the local GP surgeries. Youlh of Fenland This group meets weekly on a Thursday evening, 5.00pm to 6.30pm and they organise lots of activities for Ihe young people, it covers 8 to 13 year olds. This group is helping the local youth grow in confidence and self-esteem. s ITraveller Hub Meel here every Monday, except Bank Holidays. 10.'OOam - 2.'OOpm and can help with a variety of issues. Men's Mental Health This group is run by Click Therapy, bi-weekly on a Wednesday, 7.'OOpm - 8.30pm. All men are welcome to come along for a cuppa and see what help is available. Click Thera This group run both a 6 week photography and a 5 week Basic IT courses. alternatively on Fridays, 12 noon 1pm. They offer lots of support and help in bolh these topics. Little Miracles This group meets once a month on a Thursday 7pm- 9pm and is for childfen with a disabilily. s Portal Church Kin Meet every Sunday 9am - 12noon. The Wild Hub Meet once a month on a Sunday 10.45am - 12.45pm.
WISBECH COMMUNITY DEVELOPMENT TRUST Trustees. Annual Report for the year ended 29 February 2024 OUR REGULAR USERS OF THE COMMUNITY CENTRE DURING THE FINANCIAL YEAR (continued) Wisbech Lions Hold their monthly meetings here at the Oasis Centre. Rota Club Hold their monthly meetings here at the Oasis Centre Labour Part Meetin The local Labour Party holds their monthly meetings here. 1..1 sessions & Confidence Courses NT&AS run some 1..1 sessions for teenagers to support Ihem through their schooling. Conferences and meetin 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. has car parking facilities and the number 66 bus slops right outside the Centr8. 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 IIAG} to local residents and have assisted them with many of their issues, or signposted them lo other organisations, where necessary. Slaff 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 Cenlfe, this t8am has made an impact and they are keen to promote the Cenlre for the use of local people. The Centre Manager is also working with local partners lo secure funding lo hold a variety of activities lo 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 r8sid8nts to move onto either further education courses, training or into employment. We are continuing lo work with Clarion. Anglian Water, Cambridgeshire County Council and Fenland District Council to look at the possibility of extending the current Oasis Centre, lo 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 thal 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 12 years ago and they told us that is what the area needed and during our recent consultation, the local residents confirm Ihat this is still the cas8. The Oasis Centre has been affected by the Cost-of-Living Crisis, as well as continuing to recover from the impact of COVID 19, like all Community Centres and we have been working hard with partner organisalions and local residents, to re-inslate group activities. With regards to the Cost-of-Living Crisis, this has meant an increase in our overheads. which we are unable lo pass onlo our groups, a5 they are also struggling to survive with number of participants attending. This will continue to have an effect on the income for the Trust in the next financial year and we are looking into a number of ways that we can reduce our overhead costs. 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 29 February 2024 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 Ihe financial statements in accordance with applicable law and Uniled Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accountirbg Practice). Company law requires the trustees lo prepare financial statements for each fjnancial 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: select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent., state whelher applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on Ihe going concem basis unless it is inappropriate to presume that the charitable company will continue in operation. 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 8nsure that the financial stalemenls comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable sleps 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 benefil have been displayed within the review of activities and the future development planned. INDEPENDENT EXAMINER A resolution to re-appoint H J Bright 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
Independent Examiner's Report to the trustees of the WISBECH COMMUNITY DEVELOPMENT TRUST I report to the Gharity trustees on my examination of the accounts of the charity for the year ended 29 February 2024 which are set out on pages 8 10 19. Responsibilities and basis of report As the charity trustees of the company land 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 Acl 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 Acl 2011 {'the 2011 Acl,). In carrying out my examinalion I have followed the Directions given by the Charity Commission under section 14515){bl of the 2011 Act. Independent examiner's stalement I have completed my examination. I confirm thal no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement Ihat the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Slatement 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 IFRS 102). I have no concerns and hav8 come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. H. Bright B.A., F.C.A., CTA Moore Thompson Chartered Accountants Spalding Date-. 15 //. 324
WISBECH COMMUNITY DEVELOPMENT TRUST Statement of Financial Activities (including Income and Expenditure account) for the year ended 29 February 2024 2024 Unrestricted Restricted Funds Funds 2023 Total Funds Total Funds Note Income from: Donations and grants Charitable activities 36,428 36.433 22,917 97.185 918 97,185 918 87,669 201 Investments Total income 98.108 36,428 134,536 110,787 Expenditure on: Charitable activities 103.750 51.670 155,420 155.420 143.846 Total expendlture 103.750 51,670 143.846 Net expendlture {5.6421 {15,242) {20.8841 133,059} Transfers between funds N6t movement in funds {5.642> (15,242) {20.884) (33,059) Reconclllatlon of funds: Total funds brought fornard Total funds carried fOard 144.005 1.285,181 1,429,186 1,462,245 1.429,186 10 138.363 1,269,939 1,408,302 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 fomi part of these financial statements.
WISBECH COMMUNITY DEVELOPMENT TRUST Balance Sheet At 29 February 2024 2024 2023 Note Fixed assets Tangible assets 1,211,594 1,227,065 Current assets Debtors Cash at bank and in hand 16,991 207,293 224,284 20,849 200,819 221,668 Creditors: Amounts falling due within one year {27,576) {19,5481 Net current assets 196,708 1,408,302 202,120 1,429,185 Total assets less current liabilities Funds Unrestricted Restricted 10 11 138,363 1,269,939 144,005 1,285,181 1,429,186 1,408,302 The accounts have been prepared in accordance with Ihe provisions applicable to companies subject to the small companies regime for the year ended 29 February 2024; the charity was entitled lo exemption from audit under Section 477 of the Companies Acr 2006 (the Act} relating to small companies. Directors, responsibilites- li) The members have nol required the charity to obtain an audit of its accounts for the year in question in accordance with Section 476 lil) the directors acknowledge their responsibilities for Complying with the requirements of the Act wilh respect to accounting records and the preparation of accounts. These financial statemenls were approved and authorised by the Trustees on signed on their behalf by.. i{.Il. &z and are T J Jordan - Chair 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 29 February 2024 1. Accounting policies General information and basls 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 al 29 February 2024 was 1312023 - 13). The address of the registered office of the charity is given in the charity information on pa9e 1 of these financial statements. The nature of the chariws 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 enb'ly 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 R8public 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 th8 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 staled. Funds Unrestricted funds are available for use at th8 discretion of the trust8es in furtherance of the general objectives of the charity and which have not been designaled for olher 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 slatements. Restricted funds are funds vlhich are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cosl of raising and administering such funds are charged against the specific fund. The airn and use of each restricted fund is sel out in the notes lo the financial statements. Income recognltlon 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 lo be recognised the charity will have been notified of the amounls and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before enlitlemenl can be obtained then income is deferred until those conditions are fully mel or the fulfilment of those conditions is within the control of the charity and it is probable that they wi15 be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economi¢ benefil is probable, it can be measured reliably and the charily 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}. 10-
WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Financial Statements {continued} for the year ended 29 February 2024 1. Accounting policies (continued) Income recognition (continued) Income from government and other grants are recognised al 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 Gan 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 Ihe company., this is normally upon notification of the inlerest 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 relaled to the category. Expenditure is reGognised where there is a legal or constructive obligation to make payments to third parties, il 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 6 to the financial statemenls. 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 bul those which relate to the governance and stewardship of the charity rather than direclly to the aclivilies themselves. Fixed assets Tangible fixed a55ets 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 rales calculated to write off the cosl, 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 25 1 per annum straight line Computer equipment 250/0 per annum straight line Nursery equipment 150/0 per annum reducing balance Deblors and creditors receivablelpayable within one year Debtors and credilors with no staled 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 contribLbtions payable are charged to the statement of Financial Activities. Taxation The charity is an exempt charity wilhin the meaning of schedule 3 of the Charities Act 2011 and is considered lo 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 29 February 2024 1. Accounting policies {¢ontinued Going concem The financial statements have been prepared on a going concem 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 conlinue as a going concern. Judgements and key sources of estimatlon uncertainty The preparation of the financial slalemenls requires management to make judgements, eslimales 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 fulure periods if the revision affects both current and future periods. The useful economic Sife used lo depreciate langible fixed assets relates to Ihe expect8d future performance of the assels 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 thal asset at the end of its useful economic life and therefore is also dependent upon the estimation of that life span. Historically. changes lo 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 Ihe year end date. An estimation of income or expenditure applicable to the relevant P8riod must be applied when the receipt or payment relates to a different period to the year end. Operatlng lease agreements Rentals applicable to Operating leases where substantially all of the benefits and risk of ownership remairs vnth the lessor are charged against profrts on a straight line basis over the period of th818ase. 12-
WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Financial Statements (continued) for the year ended 29 February 2024 2. Income from donations and grants Total Funds 2024 Restricted and Total 2023 Unrestricted Restricted Funds Funds Donations 10 Grants.. Cambridgeshire County Council Cambridgeshire City Council Fenland District Council - Covid-19 Wisbech Town Council Local government grants CLLD - IT Project GRT Hub at the Oasis Gate Herts Hunts Forum Tesco- Groundwork Cambridgeshire ACRE National Lottery - Cost of Living 5,417 2,015 4,000 500 500 500 500 500 11,932 1,500 1,500 10,975 1.000 350 1,000 1.140 30,938 1,000 350 1.000 1,140 30,938 Institutional grants 35,928 35,928 10,975 Total grants Total donations and grants 36,428 36,428 22,907 36,428 36,433 22,917 3. Charilable actlvities income Total Funds 2024 Unrestricted and Total 2023 Unrestricted Restrlcted Funds Funds Provision of a community centre 97,185 97,185 87,669 4. Investment Income Unrestricted and Tolal 2023 Unrestrlcted Restrlcted Funds Funds Total 2024 Bank interest receivable 918 918 201 13-
WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Financial Statements (continued) for the year ended 29 February 2024 5. Charitable activities expenditure Unrestricted Restrlcted Funds Funds Total 2024 Total Funds 2023 Chantable activities Purchases Waterlees in Bloom Rates and water Light and heat Repairs and renewals Refuse collection. laundry and cleaning Insurance Training Sundries Professional fees Wages and salaries National insurance Pension cost Depreciation 28 300 461 328 461 765 21,917 8.020 2,342 3.285 1,153 440 245 236 1,192 11.641 10,923 2,071 2,650 2,865 367 1.200 82.946 929 1,635 18,176 137,076 765 20,027 8.020 2.342 3,285 1,890 1.153 80 360 55,251 1,446 1,865 2,847 32,427 87,678 1,446 1,865 18,107 15,260 51,570 96,237 147,807 Support costs Office costs Computer costs Bank charg8S 3,637 1,605 251 100 3,737 1,605 251 3,752 853 245 5,493 100 5,593 4,850 Govemance costs Independent examiner's fees Total charitable activities expenditure 2.020 103,750 2.020 1,920 143,846 51.670 155,420 14-
WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Financial Statements (continued) for the year ended 29 February 2024 6. Staff costs and employee benefits The aggregate payroll costs were: 2024 2023 Wages and salaries Social security Costs Other pension costs 87,678 1,446 1,865 82,946 929 1,635 85,510 90,989 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: 2024 2023 Full time Part time The average number of staff employed equating to the full time equivalent during the year was.. 2024 No. 2023 No. Full time Part time No amounts are payable to the trustees in respect of remun8ration. benefits in kind or reimbursement of expenses. 7. Tangible flxed assets Leasehold Computer Nursery property Equipment equipment equipment Total Cost At 1 March 2023 Additions Disposals At 28 February 2024 1,493,859 61.514 2,636 95,585 37,285 1,688,243 2,636 137.2851 1.653,594 (37,285) 1,493.859 64.150 95,585 Depreciation At 1 March 2023 Charge for the year On disposals At 28 February 2024 273.029 15.260 60,213 380 90,651 2,467 37,285 461,178 18,107 137,285} 442,000 (37,2851 288.289 60.593 93,118 Net book value At 28 February 2024 1.205,570 3.557 2,467 1,211,594 At 28 February 2023 1,220,830 1,301 4,934 1,227,065 15-
WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Financial Statements (continued) for the year ended 29 February 2024 8. Debtors 2024 2023 Trade debtors Prepayments Grants receivable 15,957 1,034 19,816 1,033 16,991 20,849 9. Credltors: Amounts falllng due within one year 2024 2023 Trade creditors Taxation and social security Accruals and deferred income 10,067 1,427 16,082 27,576 4,971 1,527 13,050 19,548 10. Statemant of funds Movement in resources Balance at 1 March 2023 Incomlng Balance at 29 Feb 2024 Outgoing Transfers Designated funds Building emergency maintenance New extension investigation costs 75,000 75,000 25,000 25,000 General funds General fund 44,005 144,005 98.108 98,108 1103,7501 1103,7501 38,363 Total unrestricted funds 138,363 Restrlcted funds Oasis Community Centre New Extension fund Anglia in Bloom fund CCC- GRT Hub CLLD - Clarion IT Project Hunts Forum Skills Swap Gate - Herts 1,284,237 254 271 419 (15,260} 1,268,977 254 514 194 500 {257} {225} (1,500) 1350} (1,000) {1,000} 1,500 350 1,000 1,000 TescolGroundwork Cambs ACRE - Community Living Room Nat. Lottery - Cost of Living 1,140 30,938 (1,140} {30,938} Total restricted funds 1,285,181 36,428 (51,670) 1,269,939 Total funds 1,429,186 134,536 155,420 1,408,302 16
WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Financial Statements (continued) for the year ended 29 February 2024 10. Statement of funds (continued) Analysis of net assets Tangible fixed assets Cash and bank Other net assets Total Designated funds Building emergency mainlenance New extension investigation costs General funds General fund 75,000 25,000 75,000 25,000 6,024 6,024 35,954 135,954 13,615) 3,615) 38,363 138,363 Total unrestricted funds Restricted funds Oasis Community Centre New Extension fund CCC- GRT Hub Anglia in Bloom fund Cambs. ACRE - Community Living Room National lottery - Cost of Living Total festricted funds 1,205,570 63,407 254 194 514 1,360 5,610 71,339 1,268,977 254 194 514 11.3601 15,6101 16,970} 1,205,570 1,269,939 Total funds 1,211,594 207,293 10,585 1,408,302 Building Emergency Maintenance Fund - This represents funds designated from general funds to be reserved for the exceptional maintenance of the community centre. Th8se funds remain unrestricted and are used al the discretion of the trustees. New Extension Investigalion Costs Fund - represents funds raised for the purpose of looking to build an extension lo the current property. The funds remain unrestricted and are al the discretion of the Irustees. Oasls Communlty Centre This represents funding received on the planning and construction of the community cenlre. The resources expended represent the deprecialion b8ing charged in the year on th8 fixed assets acquired and in use as part of the project. GRT Hub - represents Cambridgeshire County CoLsncil funds to provide a member of staff to deliver a project lo the GRT community. This project was delayed due to COVID and will be ongoing inlo the next financial year. Anglia in Bloom Fund This represents funding received from Wisbech Town Council for the Wat8rlees in Bloom project. The resources expended represent costs incurred on the Anglia in Bloom entry. Hunts Forum Skills Swap This represents funding to run a Family Fun Activity Day, for the local community, for Ihe local community to share and learn new skills. 17
WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Financial Statements {continued) for the year ended 29 February 2024 10. Statemenl of funds (continued) CLLD Clarion IT Project - This represents funding lo work with Clarion Future to help local residents access the inlernet and learn how to use il and for il lo assist them in their day to dat lives. GATE Herts - This represents funding for the continuance of the GRT heritage project by covering the cost of vouchers to be issued lo Travellers for participating in a GRT survey. TescolGroundworks The represents funding fromTesco blue token grants, to revamp the shared garden, working alongside volunteers and users of the Centre, for all lo enjoy. Cambridgeshire ACRE This represents funds received re Living Room Grant. to support rural and urban community centres. This fund is for the provision of a community café , to support local residents overcome social isolation and access information. advice and guidance. National Lottery Cost of Living Fund This represents funds received by the Trust to fund an Information, Advice & Guidance projecl to SLtpport local residents through the Cost of Living crisis and this fund was to help cover the wages cost of staff providing this service. 11. Control relatlonshlp The charity is controlled by the trustees jointly and no individual can or does exert control over the others. 12. Fund comparativas 2023 Unrestricted Restricted Funds Funds Total Funds Income from: Donations and legaci8S Charitable activities 4,010 87,669 201 18,907 22,917 87,669 201 Investments Total income 91,880 18,907 110,787 Expenditure on: Charitable aclivilies 109,690 34,156 143,846 Total expenditure 109,690 34,156 143.846 Net expendllure {17,810} 115.249) {33,059) 18
WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Financial Statements {continued} for the year ended 29 February 2024 12. Fund comparatives (Continued) Movement in resources Balance at 1 Mar 2022 Incomlng Balance at Transfers 28 Feb 2023 Outgoing Designated funds Building emergency maintenance New extension investigation costs 75,000 75,000 25,000 25,000 General funds General fund 86,815 91,880 91.880 1109.690) 1109,6901 {25,000) 44,005 Total unrestricted funds Restrlcted funds Oasis Community Centre New Extension fund Anglia in Bloom fund CCC- GRT Hub Cambs City- GRT Heritage CCC - Cambs Skills CLLD - Clarion IT Project 161.815 144,005 1,299,497 254 242 437 115,260} 1.284.237 254 271 419 500 1,817 2,015 3,600 10,975 1471) (1,835) (2,015) (3,600) {10,975) Tolal restricted funds 1,300,430 18,907 {34,158) 1,285,181 Total funds 1,462,245 110,787 (143.8461 1,429,186 Analysis of net assets Tangible flxed assets Cash and bank other net assets Total Designated funds Building emergency maintenanc8 New extension investigation costs 75,000 25,000 75,000 25,000 General funds General fund 6,234 32,970 4,801 44,005 Total unrestricted funds 6,234 132,970 4,801 144,005 Restricted funds Oasis Community Centre New Extension fund CCC GRT Hub Anglia in Bloom fund CLLD - Clarion IT Project GATE Tesco granl- Garden Total restricted funds 1,220,832 63,405 254 419 271 1,500 1,000 1,000 1,284.237 254 419 271 {1,5001 {1,0001 {1,0001 {3,5001 1,220,832 67,849 1,285,181 Total funds 1,227,066 200,819 1,301 1,429,186 19